Document:

EX-10.1

Lifeline Therapeutics, Inc.

2007 Long-Term Incentive Plan

Section   Purpose.  The purpose of this Plan is to advance the interests of Lifeline and
its shareholders by providing incentives to certain Eligible Persons who contribute significantly
to the strategic and long-term performance objectives and growth of the Company.

Section   Definitions.  Certain capitalized terms applicable to this Plan are set forth in
Appendix A.

Section   Administration.  This Plan shall be administered by the Committee. The Committee
shall have all the powers vested in it by the terms of this Plan, such powers to include exclusive
authority to select the Eligible Persons to be granted Awards under this Plan, to determine the
type, size, terms and conditions, including, without limitation, exercise price and vesting terms,
as applicable, of the Award to be made to each Eligible Person selected, to modify or waive the
terms and conditions of any Award that has been granted, to determine the time when Awards will be
granted, to establish performance objectives, to make any adjustments necessary or desirable as a
result of the granting of Awards to Eligible Persons located outside the United States and to
prescribe the form of the agreements evidencing Awards made under this Plan. Awards may, in the
discretion of the Committee, be made under this Plan in assumption of, or in substitution for,
outstanding Awards previously granted by (i) the Company, (ii) any predecessor of the Company, or
(iii) a company acquired by the Company or with which the Company combines. The number of Common
Shares underlying such substitute awards shall be counted against the aggregate number of Common
Shares available for Awards under this Plan. Notwithstanding the foregoing or any other provision
of this Plan, the Committee shall not have the authority to accelerate the time or schedule of any
payment in a manner which is not permitted under Code Section 409A, or to grant or amend any Award
in any manner which would result in an inclusion of any amount in gross income under Code Section
409A(a)(1).

The Committee is authorized to interpret this Plan and the Awards granted under this Plan, to
establish, amend and rescind any rules and regulations relating to this Plan, and to make any other
determinations that it deems necessary or desirable for the administration of this Plan. The
Committee may correct any defect or omission or reconcile any inconsistency in this Plan or in any
Award in the manner and to the extent the Committee deems necessary or desirable to carry it into
effect. Any decision of the Committee in the interpretation and administration of this Plan, as
described in this Plan, shall lie within its sole and absolute discretion and shall be final,
conclusive and binding on all parties concerned (including, but not limited to, Participants and
their Beneficiaries or Permitted Transferees). The Committee may act only by a majority of its
members in office, except that the members thereof may authorize any one or more of their members
or any officer of the Company to execute and deliver documents or to take any other ministerial
action on behalf of the Committee with respect to Awards made or to be made to Participants.

No member of the Committee and no officer of the Company shall be liable for anything done or
omitted to be done by such member or officer, by any other member of the Committee or by any other
officer of the Company in connection with the performance of duties under this Plan, except for his
or her own willful misconduct or as expressly provided by statute. In addition to all other rights
of indemnification and reimbursement to which a member of the Committee and an officer of the
Company may be entitled, the Company shall indemnify and hold harmless each such member or officer
who was or is a party or is threatened to be made a party to any threatened, pending or completed
proceeding or suit in connection with the performance of duties under this Plan against expenses
(including reasonable attorneys’ fees), judgments, fines, liabilities, losses and amounts paid in
settlement actually and reasonably incurred by him or her in connection with such proceeding or
suit, except for his or her own willful misconduct or as expressly provided otherwise by statute.
Expenses (including reasonable attorneys’ fees) incurred by such a member or officer in defending
any such proceeding or suit shall be paid by the Company in advance of the final disposition of
such proceeding or suit upon receipt of a written affirmation by such member or officer of his or
her good faith belief that he or she has met the standard of conduct necessary for indemnification
and a written undertaking by or on behalf of such member or officer to repay such amount if it
shall ultimately be determined that he or she is not entitled to be indemnified by the Company as
authorized in this Section.

Section   Participation.  Consistent with the purposes of this Plan, the Committee shall have
exclusive power to select the Eligible Persons who may participate in this Plan and be granted
Awards under this Plan. Eligible Persons may be selected individually or by groups or categories,
as determined by the Committee in its discretion.

Section   Awards under this Plan.

Types of Awards.  Awards under this Plan may include one or more of the following
types, either alone or in any combination thereof: (i) Stock Options, (ii) Stock
Appreciation Rights, (iii) Restricted Stock, (iv) Restricted Stock Units, (v) Performance
Grants and (vi) any other type of Award deemed by the Committee in its discretion to be
consistent with the purposes of this Plan (including, but not limited to, Associated Awards,
Awards of or options or similar rights granted with respect to unbundled stock units or
components thereof, and Awards to be made to Participants who are foreign nationals or are
employed or performing services outside the United States). In the case of an Award granted
in conjunction with an Associated Award, the Award may be reduced on an appropriate basis to
the extent that the Associated Award has been exercised, paid to or otherwise received by
the Participant, as determined by the Committee.

Maximum Number of Common Shares that May be Issued.  There may be issued under this
Plan (as Restricted Stock, in payment of Performance Grants or Restricted Stock Units,
pursuant to the exercise of Stock Options or Stock Appreciation Rights or in payment of or
pursuant to the exercise of such other Awards as the Committee, in its discretion, may
determine) an aggregate of not more than 6,000,000 Common Shares, subject to adjustment as
provided in Section 15. Common Shares issued pursuant to this Plan may be either authorized
but unissued shares, treasury shares, reacquired shares or any combination thereof. Any
Common Shares that are issued or issuable pursuant to an Award shall be available for
issuance under new Awards if such Common Shares are reacquired by the Company pursuant to
any repurchase or forfeiture rights or, if such Award is canceled, terminates or expires
unexercised.

Rights with Respect to Common Shares and Other Securities. Except as provided in
subsection 8(c) with respect to Awards of Restricted Stock and unless otherwise determined
by the Committee in its discretion, a Participant to whom an Award is made (and any Person
succeeding to such a Participant’s rights pursuant to this Plan) shall have no rights as a
shareholder with respect to any Common Shares or as a holder with respect to other
securities, if any, issuable pursuant to any such Award until the date a stock certificate
evidencing such Common Shares or other instrument of ownership is issued to such
Participant. Except as provided in Section 8 or Section 15, no adjustment shall be made for
dividends, distributions or other rights (whether ordinary or extraordinary, and whether in
cash, securities, other property or other forms of consideration, or any combination
thereof) for which the record date is prior to the date such stock certificate or other
instrument of ownership, if any, is issued. A Participant holding an Award providing for the
issuance of Common Shares in the future shall have no rights as a shareholder with respect
to such Common Shares until a stock certificate representing such Common Shares is issued to
such Participant.

Section   Stock Options.  The Committee may grant Stock Options or sell Purchased Options;
provided that an Incentive Stock Option may be granted only to Eligible Persons who are employees
of the Company and provided further that Participants who have Associated Awards may not receive
Incentive Stock Options if such Associated Awards disqualify the Incentive Stock Option’s status as
such under the Code. Each Stock Option granted or sold under this Plan shall be evidenced by an
agreement in such form as the Committee shall prescribe from time to time in accordance with this
Plan and shall comply with the applicable terms and conditions of this Section and this Plan, and
with such other terms and conditions, including, but not limited to, restrictions upon the Stock
Option or the Common Shares issuable upon exercise thereof, as the Committee, in its discretion,
shall establish.

The exercise price of a Stock Option may be equal to or greater than the Fair Market
Value of the Common Shares subject to such Stock Option at the time the Stock Option is
granted, as determined by the Committee; provided, however, that in the case of an Incentive
Stock Option granted to a Ten Percent Employee, such exercise price shall not be less than
110% of such Fair Market Value at the time the Stock Option is granted. In no event,
however, will the exercise price per share of a Stock Option be less than the par value per
share of a Common Share.

The Committee shall determine the number of Common Shares to be subject to each Stock
Option.

Any Stock Option may be exercised during its term only at such time or times and in
such installments as the Committee may establish.

A Stock Option shall not be exercisable:

in the case of any Incentive Stock Option granted to a Ten Percent Employee,
after the expiration of such Incentive Stock Option, which shall be five years from
the date it is granted (or such shorter period set by the Committee), and,

(ii) in the case of any other Stock Option, after the expiration of such Stock
Option, which shall be ten years from the date it is granted (or such shorter period
set by the Committee); and

(iii) unless payment in full is made for the shares being acquired under such
Stock Option at the time of exercise as provided in subsection 6(i).

The Committee shall determine in its discretion and specify in each agreement
evidencing a Stock Option the effect, if any, the termination of the Participant’s
employment with or performance of services for the Company shall have on the exercisability
of the Stock Option; provided, however, that an Incentive Stock Option exercised at a time
beyond the time an Incentive Stock Option may be exercised in order to qualify as such under
the Code shall cease to be an Incentive Stock Option.

(f) Except as otherwise determined by the Committee, (i) immediately prior to
consummation of a Change of Control, all outstanding Stock Options shall vest and become
exercisable (which exercise may be contingent upon consummation of the Change of Control),
and (ii) any Stock Option that is not exercised in connection with such Change of Control
shall terminate upon consummation of such Change of Control.

(g) It is the intent of Lifeline that Nonqualified Stock Options granted under this
Plan not be classified as Incentive Stock Options, that the Incentive Stock Options granted
under this Plan be consistent with and contain or be deemed to contain all provisions
required under Section 422 and the other appropriate provisions of the Code and any
implementing regulations (and any successor provisions thereof), and that any ambiguities in
construction shall be interpreted in order to effectuate such intent. If a Stock
Option is intended to be an Incentive Stock Option, and if for any reason such Stock Option
(or portion thereof) shall not qualify as an Incentive Stock Option, then, to the extent of
such nonqualification, such Stock Option (or portion thereof) shall be regarded as a
Nonqualified Stock Option granted under this Plan; provided that such Stock Option (or
portion thereof) otherwise complies with this Plan’s requirements relating to Nonqualified
Stock Options. In no event shall any member of the Committee or the Company (or its
employees, officers or directors) have any liability to any Participant (or any other
Person) due to the failure of a Stock Option to qualify for any reason as an Incentive Stock
Option.

(h) A Purchased Option may contain such additional terms not inconsistent with this
Plan, including but not limited to the circumstances under which the purchase price of such
Purchased Option may be returned to the holder of the Purchased Option, as the Committee may
determine in its sole discretion.

(i) For purposes of payments made to exercise Stock Options, such payment shall be made
in such form (including, but not limited to, cash, Common Shares, the surrender of another
outstanding Award under this Plan or any combination thereof) as the Committee may determine
in its discretion; provided, however, that, unless the Committee determines otherwise, for
purposes of making such payment in Common Shares, such shares shall be valued at their Fair
Market Value on the day of exercise and shall have been held by the Participant for a period
of at least six (6) months.

Section   Stock Appreciation Rights.  The Committee may grant Stock Appreciation Rights. Each
Award of Stock Appreciation Rights granted under this Plan shall be evidenced by an agreement in
such form as the Committee shall prescribe from time to time in accordance with this Plan and shall
comply with the applicable terms and conditions of this Section and this Plan, and with such other
terms and conditions, including, but not limited to, restrictions upon the Award of Stock
Appreciation Rights or the Common Shares issuable upon exercise thereof, as the Committee, in its
discretion, shall establish.

The Committee shall determine the number of Common Shares to be subject to each Award
of Stock Appreciation Rights.

Any Stock Appreciation Right may be exercised during its term only at such time or
times and in such installments as the Committee may establish.

The Committee shall determine in its discretion and specify in each agreement
evidencing an Award of Stock Appreciation Rights the effect, if any, the termination of the
Participant’s employment with or performance of services for the Company shall have on the
exercisability of the Award of Stock Appreciation Rights.

An Award of Stock Appreciation Rights shall entitle the holder to exercise such Award
or to surrender unexercised an Associated Award (or any portion of such Associated Award) to
Lifeline and to receive from Lifeline in exchange thereof, without payment to Lifeline, that
number of Common Shares having an aggregate value equal to (or, in the discretion of the
Committee, less than) the excess of the Fair Market Value of one Common Share, at the time
of such exercise, over the exercise price, times the number of Common Shares subject to the
Award or the Associated Award, or portion thereof, that is so exercised or surrendered, as
the case may be. The Committee shall be entitled in its discretion to elect to settle the
obligation arising out of the exercise of a Stock Appreciation Right by the payment of cash
or Other Lifeline Securities or property, or other forms of payment or any combination
thereof, as determined by the Committee, equal to the aggregate value of the Common Shares
it would otherwise be obligated to deliver. Any such election by the Committee shall be made
as soon as practicable after the receipt by the Committee of written notice of the exercise
of the Stock Appreciation Right.

A Stock Appreciation Right may provide that it shall be deemed to have been exercised
at the close of business on the business day preceding the expiration date of the Stock
Appreciation Right or of the related Stock Option (or other Award), or such other date as
specified by the Committee, if at such time such Stock Appreciation Right has a positive
value. Such deemed exercise shall be settled or paid in the same manner as a regular
exercise thereof as provided in subsection 7(d) of this Agreement.

Section   Restricted Stock and Restricted Stock Units.  The Committee may grant Awards of
Restricted Stock and Restricted Stock Units. Each Award of Restricted Stock or Restricted Stock
Units under this Plan shall be evidenced by an agreement in such form as the Committee shall
prescribe from time to time in accordance with this Plan and shall comply with the applicable terms
and conditions of this Section and this Plan, and with such other terms and conditions as the
Committee, in its discretion, shall establish.

The Committee shall determine the number of Common Shares to be issued to a Participant
pursuant to the Award of Restricted Stock or Restricted Stock Units, and the extent, if any,
to which they shall be issued in exchange for cash, other consideration, or both.

Until the expiration of such period as the Committee shall determine from the date on
which the Award is granted and subject to such other terms and conditions as the Committee
in its discretion shall establish (the “Restricted Period”), a Participant to whom an Award
of Restricted Stock is made shall be issued, but shall not be entitled to the delivery of, a
stock certificate representing the Common Shares subject to such Award. Until the
expiration of the Restricted Period, a Participant to whom an Award of Restricted Stock
Units is made shall not be issued a stock certificate representing the Common Shares subject
to such Award.

Unless otherwise determined by the Committee in its discretion, a Participant to whom
an Award of Restricted Stock has been made (and any Person succeeding to such a
Participant’s rights pursuant to this Plan) shall have, after issuance of a certificate for
the number of Common Shares awarded and prior to the expiration of the Restricted Period,
ownership of such Common Shares, including the right to vote such Common Shares and to
receive dividends or other distributions made or paid with respect to such Common Shares
(provided that such Common Shares, and any new, additional or different shares, or Other
Lifeline Securities or property, or other forms of consideration that the Participant may be
entitled to receive with respect to such Common Shares as a result of a stock split, stock
dividend or any other change in the corporation or capital structure of Lifeline, shall be
subject to the restrictions set forth in this Plan as determined by the Committee in its
discretion), subject, however, to the options, restrictions and limitations imposed thereon
pursuant to this Plan.

The Committee shall determine in its discretion and specify in each agreement
evidencing an Award of Restricted Stock or Restricted Stock Units the effect, if any, the
termination of the Participant’s employment with or performance of services for the Company
during the Restricted Period shall have on such Award.

The Committee may grant Associated Awards of Dividend Equivalents to Participants in
connection with Awards of Restricted Stock Units. The Committee may provide, at the date of
grant or thereafter, that Dividend Equivalents shall be paid or distributed when accrued or
shall be deemed to have been reinvested in additional Common Shares, or other investment
vehicles as the Committee may specify; provided that, unless otherwise determined by the
Committee, Dividend Equivalents shall be subject to all conditions and restrictions of the
underlying Restricted Stock Units to which they relate.

Section   Performance Grants.  The Committee may grant Awards of Performance Grants. The Award
of a Performance Grant to a Participant will entitle him or her to receive a specified amount
determined by the Committee (the “Actual Value”), if the terms and conditions specified in this
Plan and in the Award are satisfied. Each Award of a Performance Grant shall be subject to the
applicable terms and conditions of this Section and this Plan, and to such other terms and
conditions, including but not limited to, restrictions upon any cash, Common Shares, Other Lifeline
Securities or property, or other forms of payment, or any combination thereof, issued with respect
to the Performance Grant, as the Committee, in its discretion, shall establish, and shall be
evidenced in an agreement in such form and substance as is determined by the Committee.

The Committee shall determine the value or range of values of a Performance Grant to be
awarded to each Participant selected for an Award and whether or not such a Performance
Grant is granted in conjunction with an Associated Award. As determined by the Committee,
the maximum value of each Performance Grant (the “Maximum Value”) shall be: (i) an amount
fixed by the Committee at the time the Award is made or amended thereafter, (ii) an amount
that varies from time to time based in whole or in part on the then current value of the
Common Shares, Other Lifeline Securities or property, or other securities or property, or
any combination thereof or (iii) an amount that is determinable from criteria specified by
the Committee. Performance Grants may be issued in different classes or series having
different names, terms and conditions.

The award period (“Award Period”) related to any Performance Grant shall be a period
determined by the Committee. At the time each Award is made or within the first 90 days of
any performance period, the Committee shall establish performance objectives to be attained
within the Award Period as the means of determining the Actual Value of such a Performance
Grant. The performance objectives shall be based on such measure or measures of performance,
which may include, but need not be limited to, the performance of the Participant, the
Company or one or more of its divisions or units, or any combination of the foregoing, as
the Committee shall determine, and may be applied on an absolute basis or be relative to
industry or other indices or any combination thereof. The Actual Value of a Performance
Grant shall be equal to its Maximum Value only if the performance objectives are attained in
full, but the Committee shall specify the manner in which the Actual Value of Performance
Grants shall be determined if the performance objectives are met in part. Such performance
measures, the Actual Value or the Maximum Value, or any combination thereof, may be adjusted
in any manner by the Committee in its discretion at any time and from time to time during or
as soon as practicable after the Award Period, if it determines that such performance
measures, the Actual Value or the Maximum Value, or any combination thereof, are not
appropriate under the circumstances.

The Committee shall determine in its discretion and specify in each agreement
evidencing a Performance Grant the effect, if any, the termination of the Participant’s
employment with or performance of services for the Company during the Award Period shall
have on such Performance Grant.

The Committee shall determine whether the conditions of a Performance Grant have been
met and, if so, shall ascertain the Actual Value of the Performance Grant. If the
Performance Grant has no Actual Value, the Award and such Performance Grant shall be deemed
to have been canceled and the Associated Award, if any, may be canceled or permitted to
continue in effect in accordance with its terms. If the Performance Grant has any Actual
Value and:

was not awarded in conjunction with an Associated Award, the Committee shall
cause an amount equal to the Actual Value of the Performance Grant earned by the
Participant to be paid to him or her or such Participant’s Permitted Transferee or
Beneficiary; or

was awarded in conjunction with an Associated Award, the Committee shall
determine, in accordance with criteria specified by the Committee (A) to cancel the
Performance Grant, in which event no amount with respect to such Performance Grant
shall be paid to the Participant or his or her Permitted Transferee or Beneficiary,
and the Associated Award may be permitted to continue in effect in accordance with
its terms, (B) to pay the Actual Value of the Performance Grant to the Participant
or his or her Permitted Transferee or Beneficiary as provided below, in which event
the Associated Award may be canceled or (C) to pay to the Participant or his or her
Beneficiary, the Actual Value of only a portion of the Performance Grants, in which
event all or a portion of the Associated Award may be permitted to continue in
effect in accordance with its terms or be canceled, as determined by the Committee.

Such determination by the Committee shall be made as promptly as practicable following
the end of the Award Period or upon the earlier termination of employment or performance of
services, or at such other time or times as the Committee shall determine, and shall be made
pursuant to criteria specified by the Committee.

Payment of any amount with respect to the Performance Grants that the Committee
determines to pay as provided above shall be made by Lifeline as promptly as practicable
after the end of the Award Period or at such other time or times as the Committee shall
determine, and may be made in cash, Common Shares, Other Lifeline Securities or property, or
other forms of payment, or any combination thereof or in such other manner, as determined by
the Committee in its discretion; provided, that no Participant may receive more than
$     in cash, Other Lifeline Securities or property, or other forms of payment other
than Common Shares, with respect to Performance Grants in any one fiscal year of Lifeline.
Notwithstanding anything in this Section to the contrary, the Committee may, in its
discretion, determine and pay out the Actual Value of any Performance Grant at any time
during the Award Period, provided that the Committee shall not have the authority to
accelerate the time or schedule of any payment in a manner which is not permitted under Code
Section 409A, or to grant or amend any Award in any manner which would result in an
inclusion of any amount in gross income under Code Section 409A(a)(1).

Section   Deferral of Compensation.  The Committee shall determine whether or not an Award
shall be made in conjunction with the deferral of the Participant’s salary, bonus or other
compensation, or any combination thereof, and whether or not such deferred amounts may be:

forfeited to the Company or to other Participants or any combination thereof, under
certain circumstances (which may include, but need not be limited to, certain types of
termination of employment or performance of services for the Company);

subject to increase or decrease in value based upon the attainment of or failure to
attain, respectively, certain performance measures; and/or

credited with income equivalents (which may include, but need not be limited to,
interest, dividends or other rates of return) until the date or dates of payment of the
Award, if any.

Notwithstanding the foregoing or any other provision of this Plan, any deferral of compensation
under this section 10 must comply with the provisions of Code Section 409A, and no deferral of
compensation under this section 10 which would result in an inclusion of any amount in gross income
under Code Section 409A(a)(1) is permitted.

Section   Deferred Payment of Awards.  The Committee may specify that the payment of all or
any portion of cash, Common Shares, Other Lifeline Securities or property, or any other form of
payment, or any combination thereof, under an Award shall be deferred until a later date. Deferrals
shall be for such periods or until the occurrence of such events, and upon such terms, as the
Committee shall determine in its discretion, provided however, that any such deferral shall comply
with the requirements of Code Section 409A. Deferred payments of Awards may be made by undertaking
to make payment in the future based upon the performance of certain investment equivalents (which
may include, but need not be limited to, government securities, Common Shares, other securities,
property or consideration, or any combination thereof), together with such additional amounts of
income equivalents (which may be compounded and may include, but need not be limited to, interest,
dividends or other rates of return or any combination thereof) as may accrue thereon until the date
or dates of payment, such investment equivalents and such additional amounts of income equivalents
to be determined by the Committee in its discretion.

Section   Transferability of Awards.  A Participant’s rights and interest under this Plan or
any Award may not be assigned or transferred, hypothecated or encumbered in whole or in part either
directly or by operation of law or otherwise, including, but not by way of limitation, execution,
levy, garnishment, attachment, pledge, bankruptcy or in any other manner; provided, however, the
Committee may permit such transfer to a Permitted Transferee; and provided, further, that, unless
otherwise permitted by the Code, any Incentive Stock Option granted pursuant to this Plan shall not
be transferable other than by will or by the laws of descent and distribution, and shall be
exercisable during the Participant’s lifetime only by Participant or by such Permitted Transferee.

Section   Amendment or Substitution of Awards under this Plan.  The terms of any outstanding
Award under this Plan may be amended or modified from time to time by the Committee in its
discretion in any manner that it deems appropriate (including, but not limited to, acceleration of
the date of exercise of any Award and/or payments under any Award) if the Committee could grant
such amended or modified Award under the terms of this Plan at the time of such amendment or
modification; provided that no such amendment or modification shall adversely affect in a material
manner any right of a Participant under the Award without his or her written consent; and provided
further that the Committee shall not have the authority to accelerate the time or schedule of any
payment in a manner which is not permitted under Code Section 409A, or to grant or amend any Award
in any manner which would result in an inclusion of any amount in gross income under Code Section
409A(a)(1). The Committee may, in its discretion, permit holders of Awards under this Plan to
surrender outstanding Awards in order to exercise or realize the rights under other Awards, or in
exchange for the grant of new Awards, or require holders of Awards to surrender outstanding Awards
as a condition precedent to the grant of new Awards under this Plan.

Section   Termination of a Participant.  For all purposes under this Plan, the Committee shall
determine whether a Participant has terminated employment with, or the performance of services for,
the Company; provided, however, an absence or leave approved by the Company, to the extent
permitted by applicable provisions of the Code, shall not be considered an interruption of
employment or performance of services for any purpose under this Plan.

Section   Dilution and Other Adjustments.  If any change in the outstanding Common Shares
occurs by reason of any stock split of or stock dividend on the Common Shares, then the terms of
any outstanding Awards shall be equitably adjusted in the manner determined by the Committee
without liability to any Person. If any change in the outstanding Common Shares occurs by reason of
any split-up, split-off, spin-off, recapitalization, merger, consolidation, rights offering,
reorganization, combination or exchange of shares, sale by the Company of all of its assets,
distribution to shareholders (other than a stock dividend as provided above or a normal cash
dividend on the Common Shares), or other extraordinary or unusual event (other than a stock split
of the Common Shares as provided above), then the Committee shall determine, in its discretion and
without liability to any Person, to terminate all outstanding Awards immediately prior to the
consummation of any such event or make an equitable adjustment in the terms of any outstanding
Award and/or the number of Common Shares available for Awards. Any such termination or adjustment
made by the Committee shall be final, conclusive and binding for all purposes of this Plan. Unless
otherwise provided by the Committee, all outstanding Awards shall terminate immediately prior to
the consummation of any dissolution or liquidation of the Company.

Section   Designation of Beneficiary by Participant.  A Participant may name a beneficiary to
receive any payment to which such Participant may be entitled with respect to any Award under this
Plan in the event of his or her death, on a written form to be provided by and filed with the
Committee, and in a manner determined by the Committee in its discretion (a “Beneficiary”). The
Committee reserves the right to review and approve Beneficiary designations. A Participant may
change his or her Beneficiary from time to time in the same manner, unless such Participant has
made an irrevocable designation. Any designation of a Beneficiary under this Plan (to the extent it
is valid and enforceable under applicable law) shall be controlling over any other disposition,
testamentary or otherwise, as determined by the Committee in its discretion. If no designated
Beneficiary survives the Participant and is living on the date on which any amount becomes payable
to such a Participant’s Beneficiary, such payment will be made to the legal representatives of the
Participant’s estate, and the term “Beneficiary” as used in this Plan shall be deemed to include
such Person or Persons. If there are any questions as to the legal right of any Beneficiary to
receive a distribution under this Plan, the Committee in its discretion may determine that the
amount in question be paid to the legal representatives of the estate of the Participant, in which
event the Company, the Board, the Committee, the Designated Administrator (if any), and the members
thereof, will have no further liability to anyone with respect to such amount.

Section   Financial Assistance.  If the Committee determines that such action is advisable,
the Company may assist any Participant in obtaining financing from the Company (or under any
program of the Company approved pursuant to applicable law), or from a bank or other third party,
on such terms as are determined by the Committee, and in such amount as is required to accomplish
the purposes of this Plan, including, but not limited to, to permit the exercise or receipt of an
Award and/or the payment of any taxes with respect to such Award. Such assistance may take any form
that the Committee deems appropriate, including, but not limited to, a direct loan from the
Company, a guarantee of the obligation by the Company or the maintenance by the Company of deposits
with such bank or third party.

Section   Miscellaneous Provisions.

Any proceeds from Awards shall constitute general funds of Lifeline.

No fractional shares may be delivered under an Award, but in lieu thereof a cash or
other adjustment may be made as determined by the Committee in its discretion.

No Eligible Person or other Person shall have any claim or right to be granted an Award
under this Plan. Determinations made by the Committee under this Plan need not be uniform
and may be made selectively among Eligible Persons under this Plan, whether or not such
Eligible Persons are similarly situated. Neither this Plan nor any action taken under this
Plan shall be construed as giving any Eligible Person any right to continue to be employed
by or perform services for the Company, and the right to terminate the employment of or
performance of services by Eligible Persons at any time and for any reason is specifically
reserved.

No Participant or other Person shall have any right with respect to this Plan, the
Common Shares reserved for issuance under this Plan or in any Award, contingent or
otherwise, until written evidence of the Award shall have been delivered to the Participant
and all the terms, conditions and provisions of this Plan and the Award applicable to such
Participant (and each Person claiming under or through such him or her) have been met.

No Common Shares, Other Lifeline Securities or property, other securities or property
or other forms of payment shall be issued under this Plan with respect to any Award unless
counsel for Lifeline shall be satisfied that such issuance will be in compliance with
applicable law and any applicable rules of any stock exchange or other market quotation
system on which Common Shares are listed.

It is the intent of Lifeline that this Plan comply in all respects with Rule 16b-3 and
Section 162(m), that any ambiguities or inconsistencies in construction of this Plan be
interpreted to give effect to such intention and that if any provision of this Plan is found
not to be in compliance with Rule 16b-3 or Section 162(m), such provision shall be deemed
null and void. Except as otherwise determined by the Committee, with respect to Awards
granted to executive officers of Lifeline, such Awards shall be deemed to be automatically
modified to the minimum extent required to permit such Awards to comply with Rule 16b-3 and
Section 162(m). It is also the intent of Lifeline that this Plan comply in all respects with
the provisions of the Code providing favorable treatment to Incentive Stock Options, that
any ambiguities or inconsistencies in construction of this Plan be interpreted to give
effect to such intention and that if any provision of this Plan is found not to be in
compliance with the Incentive Stock Option provisions of the Code, such provision shall be
deemed null and void with respect to Incentive Stock Options granted to employees of the
Company to the extent required to permit such Incentive Stock Options to receive favorable
treatment under the Code.

It is the intent of Lifeline that this Plan comply in all respects with any applicable
provisions of Code Section 409A with respect to Awards granted under this plan and any
amendment or revision of such Awards, that any ambiguities or inconsistencies in
construction of this Plan be interpreted to give effect to such intention and that if any
provision of this Plan is found not to be in compliance with any applicable provisions of
Code Section 409A such Plan provision shall be deemed null and void to the extent required
to permit such Awards to comply with any applicable provisions of Code Section 409A.
Specifically, the Committee shall not have the authority to accelerate the time or schedule
of any payment in a manner which is not permitted under Code section 409A or the regulations
issued thereunder, or to grant or amend any Award in any manner which would result in an
inclusion of any amount in gross income under Code Section 409A(a)(1).

The Company shall have the right to deduct from any payment made under this Plan any
federal, state, local or foreign income or other taxes required by law to be withheld with
respect to such payment. It shall be a condition to the obligation of Lifeline to issue
Common Shares, Other Lifeline Securities or property, other securities or property, or other
forms of payment, or any combination thereof, upon exercise, settlement or payment of any
Award under this Plan, that the Participant (or any Beneficiary or Person entitled to act)
pay to Lifeline, upon its demand, such amount as may be required by the Company for the
purpose of satisfying any liability to withhold federal, state, local or foreign income or
other taxes. If the amount requested is not paid, Lifeline may refuse to issue Common
Shares, Other Lifeline Securities or property, other securities or property, or other forms
of payment, or any combination thereof. Notwithstanding anything in this Plan to the
contrary, the Committee may, in its discretion, permit an Eligible Person (or any
Beneficiary or Person entitled to act) to elect to pay a portion or all of the amount
requested by the Company for such taxes with respect to such Award, at such time and in such
manner as the Committee shall deem to be appropriate (including, but not limited to, by
authorizing Lifeline to withhold, or agreeing to surrender to Lifeline on or about the date
such tax liability is determinable, Common Shares, Other Lifeline Securities or property,
other securities or property, or other forms of payment, or any combination thereof, owned
by such Person or a portion of such forms of payment that would otherwise be distributed, or
have been distributed, as the case may be, pursuant to such Award to such Person, having a
Fair Market Value equal to the amount of such taxes).

The expenses of this Plan shall be borne by the Company; provided, however, the Company
may recover from a Participant or his or her Beneficiary, heirs or assigns any and all
damages, fees, expenses and costs incurred by the Company arising out of any actions taken
by a Participant in breach of this Plan or any agreement evidencing such Participant’s
Award.

This Plan shall be unfunded. The Company shall not be required to establish any special
or separate fund or to make any other segregation of assets to assure the payment of any
Award under this Plan, and rights to the payment of Awards shall be no greater than the
rights of the Company’s general creditors.

By accepting any Award or other benefit under this Plan, each Participant (and each
Person claiming under or through him or her) shall be conclusively deemed to have indicated
his or her acceptance and ratification of, and consent to, any action taken under this Plan
by the Company, the Board, the Committee or the Designated Administrator (if applicable).

The appropriate officers of the Company shall cause to be filed any reports, returns or
other information regarding Awards under this Plan or any Common Shares issued pursuant to
this Plan as may be required by applicable law and any applicable rules of any stock
exchange or other market quotation system on which Common Shares are listed.

The validity, construction, interpretation, administration and effect of this Plan, and
of its rules and regulations, and rights relating to this Plan and to Awards granted under
this Plan, shall be governed by the substantive laws, but not the choice of law rules, of
the State of Colorado.

Records of the Company shall be conclusive for all purposes under this Plan or any
Award, unless determined by the Committee to be incorrect.

If any provision of this Plan or any Award is held to be illegal or invalid for any
reason, the illegality or invalidity shall not affect the remaining provisions of this Plan
or any Award, but such provision shall be fully severable, and this Plan or Award, as
applicable, shall be construed and enforced as if the illegal or invalid provision had never
been included in this Plan or Award, as applicable.

The terms of this Plan shall govern all Awards under this Plan and in no event shall
the Committee have the power to grant any Award under this Plan that is contrary to any of
the provisions of this Plan.

For purposes of interpretation of this Plan, the masculine pronoun includes the
feminine and the singular includes the plural wherever appropriate.

Section   Plan Amendment or Suspension.  This Plan may be amended or suspended in whole or in
part at any time from time to time by the Committee. No amendment of this Plan shall adversely
affect in a material manner any right of any Participant with respect to any Award previously
granted without such Participant’s written consent, except as permitted under Section 13; provided,
however, that the Committee may amend this Plan in such manner as it deems necessary to permit the
granting of Awards meeting the requirements of the Code or other applicable laws.

Section   Plan Termination.  This Plan shall terminate upon the earlier of the following dates
or events to occur:

upon the adoption of a resolution of the Board terminating this Plan; or

the tenth anniversary of the Effective Date; provided, however, that the Board may,
prior to such date, extend the term of this Plan for an additional period of up to five
years for the grant of Awards other than Incentive Stock Options.

No termination of this Plan shall materially alter or impair any of the rights or obligations
of any Participant, without his or her consent, under any Award previously granted under this Plan,
except that subsequent to termination of this Plan, the Committee may make amendments or
modifications permitted under Section 13.

Section   Effective Date.  This Plan shall be effective, and Awards may be granted under this
Plan, on or after the Effective Date.

1

APPENDIX A

The following terms shall have the meaning indicated:

“Actual Value” has the meaning set forth in Section 9.

“Associated Award” shall mean an Award granted concurrently or subsequently in
conjunction with another Award.

“Award” shall mean an award of rights to an Eligible Person under this Plan.

“Award Period” has the meaning set forth in subsection 9(b).

“Beneficiary” has the meaning set forth in Section 16.

“Board” shall mean the board of directors of Lifeline.

“Change of Control” shall mean (i) any merger, consolidation or business combination in
which the shareholders of Lifeline immediately prior to the merger, consolidation or
business combination do not own at least a majority of the outstanding equity interests of
the surviving parent entity, (ii) the sale of all or substantially all of Lifeline’s assets,
(iii) the acquisition of beneficial ownership or control of (including, without limitation,
power to vote) a majority of the outstanding Common Shares by any person or entity
(including a “group” as defined by or under Section 13(d)(3) of the Exchange Act), (iv) the
dissolution or liquidation of Lifeline, (v) a contested election of directors, as a result
of which or in connection with which the persons who were directors of Lifeline before such
election or their nominees cease to constitute a majority of the Board, or (vi) any other
event specified by the Board or the Committee.

“Code” shall mean the Internal Revenue Code of 1986, as it now exists or may be amended
from time to time, and the rules and regulations promulgated thereunder, as they may exist
or may be amended from time to time.

“Committee” shall mean the person or persons responsible for administering this Plan.
The Board shall constitute the Committee until the Board appoints a Board Committee, after
which time the Board Committee shall constitute the Committee, provided, however, that at
any time the Board may designate itself as the Committee or designate itself to administer
certain of the Committee’s authority under this Plan, including administering certain Awards
under this Plan. The Board or the Board Committee may designate a Designated Administrator
to constitute the Committee or to administer certain of the Committee’s authority under this
Plan, including administering certain Awards under this Plan, subject to the right of the
Board or the Board Committee, as applicable, to revoke its designation at any time and to
make such designation on such terms and conditions as it may determine in its discretion.
For purposes of this definition, the “Board Committee” shall mean a committee of the Board
designated by the Board to administer this Plan. Except as otherwise determined by the
Board, the Board Committee (i) shall be comprised of not fewer than three directors, (ii)
shall meet any applicable requirements under Rule 16b-3, including any requirement that the
Board Committee consist of “Non-Employee Directors” (as defined in Rule 16b-3), (iii) shall
meet any applicable requirements under Section 162(m), including any requirement that the
Board Committee consist of “outside directors” (as defined in Treasury Regulation
§1.162-27(e)(3)(i) or any successor regulation), and (iv) shall meet any applicable
requirements of any stock exchange or other market quotation system on which Common Shares
are listed. For purposes of this definition, the “Designated Administrator” shall mean one
or more Company officers designated by the Board or a Board Committee to act as a Designated
Administrator pursuant to this Plan. Except as otherwise determined by the Board, a
Designated Administrator shall only be appointed if Rule 16b-3 permits such appointment and
the exercise of any authority without adversely affecting the ability of Awards to officers
of Lifeline to comply with the conditions for Rule 16b-3 or Section 162(m). The resolutions
of the Board or Board Committee designating the authority of the Designated Administrator
shall (i) specify the total number of Common Shares subject to Awards that may be granted
pursuant to this Plan by the Designated Administrator, (ii) may not authorize the Designated
Administrator to designate him or herself as the recipient of any Awards pursuant to this
Plan and (iii) shall otherwise comply with the requirements of the Colorado Business
Corporation Act.

“Common Shares” shall mean shares of Series A common stock, par value $0.001 per share,
of Lifeline and stock of any other class into which such shares may thereafter be changed.

“Company” shall mean Lifeline and any parent or subsidiary of Lifeline.

“Dividend Equivalents” shall mean an Associated Award of cash or other Awards with a
Fair Market Value equal to the dividends which would have been paid on the Common Shares
underlying an outstanding Award of Restricted Stock Units had such Common Shares been
outstanding.

“Effective Date” shall mean the date the Board adopts this Plan, which date shall be
indicated below.

“Eligible Person(s)” shall mean those persons who are full or part-time employees of
the Company or other individuals who perform services for the Company, including, without
limitation, directors who are not employees of the Company and consultants and independent
contractors who perform services for the Company.

“Exchange Act” shall mean the Securities Exchange Act of 1934, as it now exists or may
be amended from time to time, and the rules promulgated thereunder, as they may exist or may
be amended from time to time.

“Fair Market Value” shall mean such value rounded up to the nearest cent as determined
by the Committee in accordance with applicable law.

“Incentive Stock Option” shall mean a Stock Option that is an incentive stock option as
defined in Section 422 of the Code. Incentive Stock Options are subject, in part, to the
terms, conditions and restrictions described in Section 6.

“Lifeline” shall mean Lifeline Therapeutics, Inc., a Colorado corporation.

“Maximum Value” has the meaning set forth in subsection 9(a).

“Nonqualified Stock Option” shall mean a Stock Option that is not an incentive stock
option as defined in Section 422 of the Code. Nonqualified Stock Options are subject, in
part, to the terms, conditions and restrictions described in Section 6.

“Other Lifeline Securities” shall mean Lifeline securities (which may include, but need
not be limited to, unbundled stock units or components thereof, debentures, preferred stock,
warrants, securities convertible into Common Shares or other property) other than Common
Shares.

“Participant” shall mean an Eligible Person to whom an Award has been granted under
this Plan.

“Performance Grant” shall mean an Award subject, in part, to the terms, conditions and
restrictions described in Section 9, pursuant to which the recipient may become entitled to
receive cash, Common Shares, Other Lifeline Securities or property, or other forms of
payment, or any combination thereof, as determined by the Committee.

“Permitted Transferee” means any person defined as an employee in the Instructions to
Registration Statement Form S-8 promulgated by the Securities and Exchange Commission, as
such Form may be amended from time to time, which persons include, as of the date of
adoption of this Plan, (i) executors, administrators or beneficiaries of the estates of
deceased Participants, guardians or members of a committee for incompetent former
Participants, or similar persons duly authorized by law to administer the estate or assets
of former Participants, and (ii) Participants’ family members who acquire Awards from the
Participant other than for value, through a gift or a domestic relations order. For purposes
of this definition, “family member” includes any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including
adoptive relationships, any person sharing the Participant’s household (other than a tenant
or employee), a trust in which these persons have more than fifty percent of the beneficial
interest, a foundation in which these persons (or the Participant) control the management of
assets, and any other entity in which these persons (or the Participant) own more than fifty
percent of the voting interests. For purposes of this definition, neither (i) a transfer
under a domestic relations order in settlement of marital property rights; nor (ii) a
transfer to an entity in which more than fifty percent of the voting interests are owned by
family members (or the Participant) in exchange for an interest in that entity is considered
a transfer for “value”.

“Person” means any individual, firm, corporation, partnership, limited liability
company, trust, incorporated or unincorporated association, joint venture, joint stock
company, governmental body or other entity of any kind.

“Plan” shall mean this Lifeline Therapeutics, Inc. 2007 Long-Term Incentive Plan.

“Purchased Option” shall mean a Stock Option that is sold to an Eligible Person at a
price determined by the Committee. Purchased Options are subject, in part, to the terms,
conditions and restrictions described in Section 6.

“Restricted Period” has the meaning set forth in subsection 8(b).

“Restricted Stock” shall mean an Award of Common Shares that are issued subject, in
part, to the terms, conditions and restrictions described in Section 8.

“Restricted Stock Units” shall mean an Award of the right to receive either (as the
Committee determines) Common Shares or cash equal to the Fair Market Value of a Common
Share, issued subject, in part, to the terms, conditions and restrictions described in
Section 8.

“Rule 16b-3” shall mean Rule 16b-3 promulgated by the Securities and Exchange
Commission under the Exchange Act and any successor rule.

“Section 162(m)” shall mean §162(m) of the Code, any rules or regulations promulgated
thereunder, as they may exist or may be amended from time to time, or any successor to such
section.

“Section 409A” shall mean §409A of the Code, any rules or regulations promulgated
thereunder, as they may exist or may be amended from time to time, or any successor to such
section.

“Stock Appreciation Right” shall mean an Award of a right to receive (without payment
to Lifeline) cash, Common Shares, Other Lifeline Securities or property, or other forms of
payment, or any combination thereof, as determined by the Committee, based on the increase
in the value of the number of Common Shares specified in the Stock Appreciation Right. Stock
Appreciation Rights are subject, in part, to the terms, conditions and restrictions
described in Section 7.

“Stock Option” shall mean an Award of a right to purchase Common Shares. The term Stock
Option shall include Nonqualified Stock Options, Incentive Stock Options and Purchased
Options.

“Ten Percent Employee” shall mean an employee of the Company who owns stock
representing more than ten percent of the voting power of all classes of stock of Lifeline
or any parent or subsidiary of Lifeline.

“Treasury Regulation” shall mean a final, proposed or temporary regulation of the
Department of Treasury under the Code and any successor regulation.

EFFECTIVE DATE:      , 200_

2EX-10.2

Lifeline Therapeutics, Inc.

Stock Option Agreement

(For Employee Incentive Stock Option Grants)

This Stock Option Agreement (this “Agreement”) is dated as of the date of grant set forth
below and is between Lifeline Therapeutics, Inc., a Colorado corporation (“Lifeline”), and the
individual named as Grantee below (the “Grantee”).

Lifeline has established its 2007 Long-Term Incentive Plan (the “Plan”) to advance the
interests of Lifeline and its shareholders by providing incentives to certain eligible persons who
contribute significantly to the strategic and long-term performance objectives and growth of
Lifeline and any parent or subsidiary of Lifeline.

This Agreement evidences an option grant as follows:

	 	 	 
	Granted to:

	 	[Employee’s name]

[Shares]
	 
	 	 
	Number of Shares:

	 	

	 
	 	 
	Effective Date of Grant:

	 	[Date]

10 years from the Effective Date of Grant
	 
	 	 
	Expiration Date:

	 	

	 
	 	 
	Exercise Price Per Share:

Vesting Dates:

	 	[Exercise Price]

1/6 of the shares shall vest on the

six-month anniversary of the Effective

Date of Grant. In addition, 1/36 of the

shares shall vest on each vesting date,

with the first vesting date being seven

months from the Effective Date of Grant

and a vesting date occurring monthly

thereafter until the third anniversary of

the Effective Date of Grant, when all

shares shall be vested. Vesting stops if

Grantee ceases to be employed by the

Company.

Pursuant to the provisions of the Plan, the Board of Directors of Lifeline (the “Board”) or a
Committee designated by the Board (the “Committee”) has full power and authority to direct the
execution and delivery of this Agreement in the name and on behalf of Lifeline. The Board or the
Committee has authorized the execution and delivery of this Agreement. All capitalized terms not
otherwise defined in this Agreement have the same meaning given such capitalized terms in the Plan.

Agreement

The parties agree as follows:

Section 1.  Grant of Stock Option; Term.  Subject and pursuant to all terms and conditions
stated in this Agreement and in the Plan, Lifeline hereby grants to Grantee an option (the
“Option”) to purchase the number of shares (the “Option Shares”) of Lifeline’s Series A common
stock, par value $0.001 per share, set forth above, at the exercise price set forth above. Except
as otherwise provided in this Agreement or the Plan or as otherwise determined by the Committee,
the Option may not be exercised after the earlier of (i) the close of business on the expiration
date set forth above and consummation of a Change of Control. If a Change of Control is
consummated, in connection with the termination of the Option the Committee, in its sole
discretion, may provide for the (i) payment of an amount (in cash or, in the discretion of the
Committee, in the form of consideration paid to Lifeline shareholders in connection with the Change
of Control) equal to the excess, if any, of the Fair Market Value of the vested but unexercised
Option Shares over the aggregate grant price of such Option Shares, and/or (ii) issuance of
substitute Awards for the vested but unexercised portion of the Option.

Grantee hereby accepts the Option on such terms and conditions including, without
limitation, the confidentiality provisions set forth in Section 8 of this Agreement. The Option is
intended to be an Incentive Stock Option (as such term is defined in the Plan). Grantee shall,
subject to the limitations of this Agreement and the Plan, have the right to exercise the Option by
purchasing all or any part of the vested Option Shares then available for purchase under the
vesting schedule set forth above (less any Option Shares previously purchased upon exercise of this
Option).

Section 2.  Procedures for Exercise.  In order to exercise all or any part of the Option,
Grantee shall deliver to Lifeline: (i) written notice of the number of vested Option Shares to be
purchased, (ii) , payment of any required withholding pursuant to Section 10, and (iii) payment of
the exercise price of such Option Shares in the form of cash or, if permitted by the Committee, (A)
Qualified Common Shares (as defined below), (B) the surrender of another outstanding Award under
the Plan, (C) if there is a public market for the Option Shares at such time, subject to such rules
as may be established by the Committee, through delivery of irrevocable instructions to a broker to
sell the Option Shares otherwise deliverable upon the exercise of the Option and deliver promptly
to Lifeline an amount equal to the aggregate grant price payable for the Option Shares, or (D) or
any combination thereof. The Option shall be deemed to have been exercised as of (i) the close of
business on the date the required documents and required consideration are received by Lifeline, or
(ii) if the exercise of the Option occurs in connection with a Change of Control, then immediately
prior to the consummation of the Change of Control, provided the required documents and required
consideration are received by Lifeline at or prior to the consummation of the Change of Control.
For purposes of this Section 2, shares of Series A Common Stock shall be deemed to be Qualified
Common Shares if they have been held by Grantee for six months or such other period as set from
time to time by the Board or the Committee. If Grantee disposes of Option Shares acquired upon the
exercise of an Incentive Stock Option either (i) within two years after the date of grant of such
Incentive Stock Option or (ii) within one year after the transfer of such Option Shares to the
Grantee, then Grantee shall notify Lifeline of such disposition and of the amount realized upon
such disposition.

Section 3.  Termination of Employment, Retirement, Disability or Death.

(a) Vesting shall cease on the date Grantee ceases to be employed by the Company and
shall be tolled during any period in which Grantee is on an approved leave of absence from
employment with the Company. Following Grantee’s last day of employment with the Company,
this Option shall only be exercisable for the number of Option Shares that are vested as of
Grantee’s last day of employment with the Company (less any Option Shares previously
acquired upon exercise of this Option).

(b) Except as provided in Section 3(c) or 3(d), following Grantee’s last day of
employment with the Company, this Option may be exercised at any time and from time to time
within the lesser of (i) the 30 day period commencing on the first day after Grantee’s last
day of employment with the Company or (ii) the remaining term of the Option.

(c) If termination of employment occurs due to death or disability while Grantee is an
employee of the Company, then this Option may be exercised at any time and from time to time
within the lesser of (i) the one year period commencing on the first day after Grantee’s
last day of employment with the Company or (ii) the remaining term of the Option.

(d) If termination of employment occurs due to retirement at or after normal retirement
age, as prescribed from time to time by the Company’s retirement policy, or retirement under
circumstances approved by the Committee (either before or after retirement), then this
Option may be exercised at any time within the lesser of (i) the three month period
commencing on the first day after Grantee’s last day of employment with the Company, or, if
Grantee dies during the three month period commencing on the first day after Grantee’s last
day of employment with the Company, then the one year period commencing on the first day
after Grantee’s last day of employment with the Company, or (ii) the remaining term of the
Option.

Section 4.  Issuance and Delivery of Option Shares; Rights as a Shareholder.  The stock
certificate(s) representing Option Shares shall be issued to Grantee subject to satisfaction of the
applicable tax withholding requirements set forth in Section 10. Lifeline shall not issue stock
certificate(s) representing Option Shares if the administrator of the Plan or its authorized agent
determines, in its sole discretion, that the issuance of such certificate(s) would violate the
terms of the Plan, this Agreement or applicable law. Except as otherwise provided in the Plan, no
person shall be, or have any of the rights or privileges of, a shareholder of Lifeline with respect
to any of the Option Shares unless and until certificates representing such shares shall have been
issued and delivered to such person.

Section 5.  Income Taxes.  Grantee acknowledges that any income for federal, state or local
income tax purposes that Grantee is required to recognize on account of the grant, vesting and/or
exercise of the Option shall be subject to withholding of tax by the Company. Grantee agrees that
the Company may either withhold an appropriate amount from any compensation or any other payment of
any kind then payable or that may become payable to Grantee or, require Grantee to make a cash
payment to the Company equal to the amount of withholding required in the opinion of the Company.
In the event Grantee does not make such payment when requested, the Company may refuse to issue or
cause to be delivered any shares under this Agreement or any other incentive plan agreement entered
into by Grantee and the Company until such payment has been made or arrangements for such payment
satisfactory to the Company have been made. Grantee agrees further to notify the Company promptly
if Grantee files an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as
amended, with respect to any Option Shares.

Section 6.  Employment.  Neither the Plan nor this Agreement shall be deemed to give Grantee
any right to continue to be employed by the Company, nor shall the Plan or the Agreement be deemed
to limit in any way the Company’s right to terminate Grantee’s employment at any time.

Section 7.  Further Assistance. Grantee agrees to provide assistance reasonably requested by
the Company in connection with actions taken by Grantee while employed by the Company, including
but not limited to assistance in connection with any lawsuits or other claims against the Company
arising from events during the period in which Grantee was employed.

Section 8.  Nondisclosure of Confidential Information.  Grantee acknowledges that the
businesses of the Company is highly competitive and that the Company’s strategies, methods, books,
records, and documents, technical information concerning their products, equipment, services, and
processes, procurement procedures and pricing techniques, the names of and other information (such
as credit and financial data) concerning former, present or prospective customers and business
affiliates, all comprise confidential business information and trade secrets which are valuable,
special, and unique assets which the Company uses in their business to obtain a competitive
advantage over competitors. Grantee further acknowledges that protection of such confidential
business information and trade secrets against unauthorized disclosure and use is of critical
importance to the Company in maintaining its competitive position. Grantee acknowledges that by
reason of Grantee’s duties to and association with the Company, Grantee has had and will have
access to and has and will become informed of confidential business information which is a
competitive asset of the Company. Grantee hereby agrees that Grantee will not, at any time during
or after employment, make any unauthorized disclosure of any confidential business information or
trade secrets of the Company, or make any use thereof, except in the carrying out of employment
responsibilities. Grantee shall take all necessary and appropriate steps to safeguard confidential
business information and protect it against disclosure, misappropriation, misuse, loss and theft.
Confidential business information shall not include information in the public domain (but only if
the same becomes part of the public domain through a means other than a disclosure prohibited
hereunder). The above notwithstanding, a disclosure shall not be unauthorized if (i) it is
required by law or by a court of competent jurisdiction or (ii) it is in connection with any
judicial, arbitration, dispute resolution or other legal proceeding in which Grantee’s legal rights
and obligations as an employee or under this Agreement are at issue; provided, however, that
Grantee shall, to the extent practicable and lawful in any such events, give prior notice to the
Company of Grantee’s intent to disclose any such confidential business information in such context
so as to allow the Company an opportunity (which Grantee will not oppose) to obtain such protective
orders or similar relief with respect thereto as may be deemed appropriate. Any information not
specifically related to the Company would not be considered confidential to the Company.

The Company will be entitled to enforce its rights under this Agreement specifically, to
recover damages by reason of any breach of any provision of this Agreement and to exercise all
other rights to which it may be entitled. Grantee agrees and acknowledges that money damages may
not be an adequate remedy for breach of the provisions of this Agreement and that the Company may
in its sole discretion apply to any court of law or equity of competent jurisdiction for specific
performance and/or injunctive relief in order to enforce or prevent any violations of the
provisions of this Agreement.

Section 9.  Securities Laws.  Grantee acknowledges that applicable securities laws may
restrict the right and govern the manner in which Grantee may dispose of the Option Shares obtained
upon exercise of the Option and Grantee agrees not to offer, sell or otherwise dispose of any such
shares in a manner that would violate the Securities Act of 1933, as amended, or any other federal
or state law.

Section 10.  Prohibition on Transfer or Assignment.  Except as provided in the Plan, neither
this Agreement nor the Option may be transferred or assigned, other than an assignment by will or
by laws of descent and distribution, and this Option shall be exercisable during the Grantee’s
lifetime only by Grantee or by such permitted assignee.

Section 11.  Binding Effect; No Third Party Beneficiaries.  This Agreement shall be binding
upon and inure to the benefit of the Company and Grantee and their respective heirs,
representatives, successors and permitted assigns. This Agreement shall not confer any rights or
remedies upon any person other than the Company and the Grantee and their respective heirs,
representatives, successors and permitted assigns. The parties agree that this Agreement shall
survive the exercise or termination of the Option.

Section 12.  Agreement to Abide by Plan; Conflict between Plan and Agreement.  The Plan is
hereby incorporated by reference into this Agreement and made a part hereof as though fully set
forth in this Agreement. Grantee, by execution of this Agreement, (i) represents that he or she is
familiar with the terms and provisions of the Plan and (ii) agrees to abide by all of the terms and
conditions of this Agreement and the Plan. Grantee accepts as binding, conclusive and final all
decisions or interpretations of the administrator of the Plan upon any question arising under the
Plan and this Agreement (including, without limitation, the cause of any termination of Grantee’s
employment with the Company). In the event of any conflict between the Plan and this Agreement,
the Plan shall control and this Agreement shall be deemed to be modified accordingly.

Section 13.  Entire Agreement.  This Agreement constitutes the entire agreement between the
parties and supersedes any prior understandings, agreements, or representations by or between the
parties, written or oral, to the extent they related in any way to the subject matter of this
Agreement.

Section 14.  Choice of Law.  To the extent not superseded by federal law, the laws of the
state of Colorado shall control in all matters relating to this Agreement and any action relating
to this Agreement must be brought in State or Federal Courts located in Denver, Colorado.

Section 15.  Notice.  All notices, requests, demands, claims, and other communications under
this Agreement shall be in writing. Any notice, request, demand, claim, or other communication
under this Agreement shall be deemed duly given if (and then two business days after) it is sent by
registered or certified mail, return receipt requested, postage prepaid, and addressed to the
intended recipient at the address set forth below the recipient’s signature to this Agreement.
Either party to this Agreement may send any notice, request, demand, claim, or other communication
under this Agreement to the intended recipient at such address using any other means (including
personal delivery, expedited courier, messenger service, telecopy, ordinary mail, or electronic
mail), but no such notice, request, demand, claim, or other communication shall be deemed to have
been duly given unless and until it actually is received by the intended recipient. Either party to
this Agreement may change the address to which notices, requests, demands, claims, and other
communications hereunder are to be delivered by giving the other party notice in the manner set
forth in this section.

Section 16.  Counterparts.  This Agreement may be executed in one or more counterparts, each
of which shall be deemed an original but all of which together shall constitute one and the same
instrument.

EXECUTED as of the date of grant set forth above.

	 	 	 
	LIFELINE THERAPEUTICS, INC.	 	 
	By:

	 	

	Name:

	 	

	Title:

Address: 6400 South Fiddlers Green Circle

Suite 1970

Englewood, CO 80111

Attn.:  Stock Option Administration

	 	GRANTEE

[Employee’s name]

Address:      

     

Social Security No.

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