Document:

exv10w192

Exhibit 10.192

VISIONCHINA MEDIA INC.

REGISTRATION RIGHTS AGREEMENT

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1 DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1 Certain Definitions
	 	 	1	 
	 
	 	 	 	 
	SECTION 2 Registration
	 	 	3	 
	 
	 	 	 	 
	2.1 Registration
	 	 	3	 
	2.2 Expenses of Registration
	 	 	5	 
	2.3 Obligations of the Company
	 	 	6	 
	2.4 Suspension of Sales
	 	 	9	 
	2.5 Termination of Registration Rights
	 	 	9	 
	2.6 Free Writing Prospectuses
	 	 	9	 
	2.7 Indemnification
	 	 	9	 
	2.8 Assignment of Registration Rights
	 	 	10	 
	2.9 Rule 144; Rule 144A Reporting
	 	 	10	 
	2.10 Forfeiture
	 	 	11	 
	 
	 	 	 	 
	SECTION 3 Miscellaneous
	 	 	11	 
	 
	 	 	 	 
	3.1 Governing Law
	 	 	11	 
	3.2 Waiver of Jury Trial
	 	 	11	 
	3.3 Successors and Assigns
	 	 	12	 
	3.4 Entire Agreements Amendment; Waiver
	 	 	12	 
	3.5 Additional Parties
	 	 	12	 
	3.6 Notices, Etc
	 	 	12	 
	3.7 Delays or Omissions
	 	 	12	 
	3.8 Rights; Separability
	 	 	12	 
	3.9 Information Confidential
	 	 	13	 
	3.10 Expenses
	 	 	13	 
	3.11 Legend on Certificates
	 	 	13	 
	3.12 Captions
	 	 	13	 
	3.13 Counterparts; Facsimile
	 	 	13	 

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REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of the 13th
day of January, 2011 by and among VisionChina Media Inc., a Cayman Islands company (the “Company”),
Focus Media Holding Limited (“Focus”), JJ Media Investment Holding Limited (“JJ Media”) and Front
Lead Investments Limited (together with Focus and JJ Media, the “Shareholders”).

RECITALS

     WHEREAS, the Shareholders have entered into a Securities Purchase Agreement dated as of
December 30, 2010 with the Company (the “Securities Purchase Agreement”), pursuant to which each
Shareholder has purchased common shares, par value US$0.0001 per share, of the Company (the “Common
Shares”); and

     WHEREAS, as a condition to the closing of the Shareholders’ acquisition of the Common Shares
pursuant to the Securities Purchase Agreement, the Shareholders and the Company have agreed to
enter into this Registration Rights Agreement.

     NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, all
parties hereto agree as follows:

SECTION 1

DEFINITIONS

     1.1 Certain Definitions. As used in this Agreement, the following terms shall have the
meanings indicated:

     “ADSs” means American depositary shares representing the Common Shares.

     “Affiliate” means, with respect to any person, any other person directly or indirectly
controlling, controlled by or under common control with, such person. For purposes of this
definition, “control” (including, with correlative meanings, the terms “controlled by” and “under
common control with”) when used with respect to any person, means the possession, directly or
indirectly, of the power to cause the direction of management and/or policies of such person,
whether through the ownership of voting securities, by contract or otherwise.

     “Closing Date” shall have the meaning given to it in the Securities Purchase Agreement;

     “Depositary” means the depositary with respect to the Company’s ADSs.

     “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

     “Holder” means any Shareholder and any other holder of Registrable Securities to whom the
registration rights conferred by this Agreement have been transferred in compliance with Section
2.8 hereof.

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     “Holders’ Counsel” means one counsel for the selling Holders chosen by Holders representing a
majority interest in the Registrable Securities being registered.

     “Register,” “registered,” and “registration” shall refer to a registration effected by
preparing and filing (a) a registration statement in compliance with the Securities Act and
applicable rules and regulations thereunder, and the declaration or ordering of effectiveness of
such registration statement or (b) a prospectus and/or prospectus supplement in respect of an
appropriate effective registration statement on Form F-3 or other form approved by the holders of a
majority of Registrable Securities available for sales of securities pursuant to Rule 415 under the
Securities Act.

     “Registrable Securities” means (A) all Common Shares acquired by the Shareholders pursuant to
the Securities Purchase Agreement, and (B) any equity securities issued or issuable directly or
indirectly with respect to the securities referred to in the foregoing clause (A) by way of
conversion, exercise or exchange thereof or share dividend or share split or in connection with a
combination of shares, recapitalization, reclassification, merger, amalgamation, arrangement,
consolidation or other reorganization, provided that, once issued, such securities will not be
Registrable Securities when (i) they are sold pursuant to an effective registration statement under
the Securities Act, (ii) they shall have ceased to be outstanding; or (iii) they have been sold in
a private transaction in which the transferor’s rights under this Agreement are not assigned to the
transferee of the securities.

     “Registration Expenses” means all expenses incurred by the Company in effecting any
registration pursuant to this Agreement (whether or not any registration or prospectus becomes
effective or final) or otherwise complying with its obligations under this Agreement, including,
without limitation, all registration, filing and listing fees (including filings made with the
Financial Industry Regulatory Authority), printing expenses (including printing of prospectuses and
certificates for the securities), the Company’s expenses for messenger and delivery services and
telephone, fees and disbursements of counsel for the Company, blue sky fees and expenses, expenses
incurred by the Company in connection with any “road show,” the fees and disbursements of Holders’
Counsel, and expenses of the Company’s independent accountants in connection with any regular or
special reviews or audits incident to or required by any such registration, but shall not include
Selling Expenses and the compensation of regular employees of the Company.

     “Rule 144,” “Rule 144A,” “Rule 158,” “Rule 159A,” “Rule 405” and “Rule 415” mean, in each
case, such rule promulgated under the Securities Act (or any successor provision), as the same
shall be amended from time to time.

     “Scheduled Black-out Period” means the period from and including the last day of a fiscal
quarter of the Company to and including the business day after the day on which the Company
publicly releases its earnings for such fiscal quarter.

     “SEC” means the U.S. Security and Exchange Commission.

     “Securities Act” means the U.S. Securities Act of 1933, as amended.

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     “Selling Expenses” means all discounts, selling commissions and share transfer taxes
applicable to the sale of Registrable Securities.

     “Shareholders Agreement” means the shareholders agreement dated as of the same day of this
Agreement by and among the Company, the Shareholders and Mr. Limin Li.

SECTION 2

REGISTRATION

     2.1 Registration.

     Subject to the terms and conditions of this Agreement, on or prior to the date that is
eighteen (18) months after the Closing Date, the Company shall prepare and file with the SEC a
Shelf Registration Statement (defined below) covering all Registrable Securities (or otherwise
designate an existing Shelf Registration Statement filed with the SEC to cover the Registrable
Securities), and, to the extent the Shelf Registration Statement has not theretofore been declared
effective or is not automatically effective upon such filing, the Company shall use reasonable best
efforts to cause such Shelf Registration Statement to be declared or become effective not later
than sixty (60) days after the date such Shelf Registration Statements is filed and to keep such
Shelf Registration Statement continuously effective and in compliance with the Securities Act and
usable for resale of such Registrable Securities for a period from the date of its initial
effectiveness until, with respect to a relevant Shareholder or Holder to whom the registration
rights conferred by this Agreement have been transferred in compliance with this Agreement, the
earlier to occur of (i) date on which all of the Registrable Securities eligible for resale
thereunder have been publicly sold pursuant to either the Shelf Registration Statement or a new
Shelf Registration Statement if the initial Shelf Registration Statement expires or Rule 144, (ii)
the fifth (5th) anniversary of the Closing Date, (iii) the entire amount of Registrable
Securities owned by such Shareholder or Holder, in the opinion of counsel to the Company, may be
distributed to the public without any limitation as to volume pursuant to paragraph (e) of Rule
144, or any successor provision then in effect, under the Securities Act, or (iv) the entire amount
of Registrable Securities owned by such Shareholder or Holder is transferred by a person who is not
permitted to receive the transfer of registration rights pursuant to, or as otherwise provided in,
Section 2.8 of this Agreement (the “Registration Period”). If the Company is a well-known seasoned
issuer (as defined in Rule 405 under the Securities Act) at the time of filing of the Shelf
Registration Statement with the SEC, such Shelf Registration Statement shall be designated by the
Company as an automatic Shelf Registration Statement.

          (a) Any registration pursuant to this Section 2.1 shall be effected by means of a shelf
registration under the Securities Act (a “Shelf Registration Statement”) in accordance with the
methods and distribution set forth in the Shelf Registration Statement and Rule 415. If the
Holder(s) of a majority of the Registrable Securities intends to distribute any Registrable
Securities by means of an underwritten offering, it shall promptly so advise the Company and the
Company shall use its commercially reasonable efforts to cause a registration to be in the form of
a firm commitment underwritten offering pursuant to Section 2.3. The lead underwriters in any such
distribution shall be selected by the Holder(s) of a majority of the Registrable Securities to be
distributed, provided that the managing underwriter or underwriters selected for such offering

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shall be internationally reputable investment banking firm(s) and be reasonably acceptable to the
Company (the “Approved Underwriter”). If the Approved Underwriter advises the Company in writing
that in its opinion marketing factors require a limitation of the aggregate amount of Registrable
Securities to be included in the underwritten offering, the Company shall include in such
underwritten offering only the aggregate amount of Registrable Securities that in the opinion of
the Approved Underwriter may be sold without any material adverse effect on the success of such
underwritten offering and subject to any and all piggy-back registration rights granted by the
Company prior to the date of this Agreement.

          (b) The Company shall not be required to effect a registration (including a resale of
Registrable Securities from an effective Shelf Registration Statement) or an underwritten offering
pursuant to this Section 2: (i) with respect to securities that are not Registrable Securities;
(ii) during any Scheduled Black-out Period; or (iii) if the Company has notified the Shareholders
and all other Holders by written notice that in the good faith judgment of the Board of Directors
(after consultation with counsel), it would be materially detrimental to the Company or its
security holders for such registration or underwritten offering to be effected at such time,
including a statement of the reason for such postponement, in which event the Company shall have
the right to postpone the filing (but not the preparation) of such registration statement or
underwritten offering for a period of not more than forty-five (45) days after receipt of the
request of the Shareholders or any other Holder; provided that the Company shall use its reasonable
best efforts to cause any registration statement required pursuant to this Section 2 to be filed as
soon as reasonably practicable thereafter; and provided further that such right to delay a
registration or underwritten offering shall be exercised by the Company not more than twice in any
12-month period and not more than ninety (90) days in the aggregate in any 12-month period.

          (c) If, during the Registration Period, the Company proposes to register any of its equity
securities (including its ADSs), whether for its own account or for the account of other security
holders or both (other than a registration pursuant to Section 2.1 or a Special Registration), the
Company will give prompt written notice to the Shareholders and all other Holders of its intention
to effect such a registration (but in no event less than fourteen (14) calendar days prior to the
anticipated filing date) and (subject to Section 2.1(e)) will include in such registration all
Registrable Securities with respect to which the Company has received written requests for
inclusion therein within ten (10) business days after the date of the Company’s notice (a
“Piggyback Registration”). Any such person that has made such a written request may withdraw its
Registrable Securities from such Piggyback Registration by giving written notice to the Company and
the managing underwriter, if any, prior to the planned effective date of such Piggyback
Registration. The Company may terminate or withdraw any registration under this Section 2.1(c)
prior to the effectiveness of such registration, whether or not the Shareholders or any other
Holders have elected to include Registrable Securities in such registration. “Special Registration”
means the registration of equity securities and/or options or other rights in respect thereof
solely registered on Form F-4, Form S-4 or Form S-8 (or successor form).

          (d) If the registration referred to in Section 2.1(c) is proposed to be underwritten, the
Company will so advise the Shareholders and all other Holders as a part of the written notice given
pursuant to Section 2.1(c). In such event, the right of the Shareholders and

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all other Holders to registration pursuant to this Section 2 will be conditioned upon such persons’
participation in such underwriting and the inclusion of such persons’ Registrable Securities in the
underwriting, and each such person will (together with the Company and the other persons
distributing their securities through such underwriting) enter into an underwriting agreement in
customary form with the underwriter or underwriters selected for such underwriting by the Company.
If any participating person disapproves of the terms of the underwriting, such person may elect to
withdraw therefrom by written notice to the Company, the managing underwriter and the Holders.

          (e) Except for the piggy-back registration rights granted by the Company prior to the date of
this Agreement (the “Existing Piggy-Back Rights”), the Company agrees that it shall not grant
“piggyback” registration rights to one or more third parties to include their securities in the
Shelf Registration Statement or in an underwritten offering under the Shelf Registration Statement
pursuant to Section 2.1(a) unless approved by the board of directors of the Company, and, for so
long as Focus is entitled to nominate the Focus Nominee (as defined in the Shareholders Agreement)
pursuant to the Shareholders Agreement, such approval must include the approval of the Focus
Nominee. If a Piggyback Registration under Section 2.1(c) relates to an underwritten primary
offering on behalf of the Company, and the managing underwriters advise the Company that in their
reasonable opinion the number of securities requested to be included in such offering exceeds the
number which can be sold without adversely affecting the marketability of such offering (including
an adverse effect on the per share offering price), the Company will include in such registration
or prospectus only such number of securities that in the reasonable opinion of such underwriters
can be sold without adversely affecting the marketability of the offering (including an adverse
effect on the per share offering price), which securities will be so included in the following
order of priority, (i) first, all of the securities to be offered for the account of the Company
(but only in the case that the Company initiated such registration), or the account of the
shareholder that initiated such registration, as the case may be, (ii) second, (A) Registrable
Securities of the Shareholders and all other Holders who have requested registration of Registrable
Securities pursuant to Section 2.1(a) or 2.1(c) of this Agreement, as applicable, and (B) other
securities requested for inclusion in such registration by holder(s) of the Existing Piggy-Back
Rights, pro rata on the basis of the aggregate number of such Registrable Securities and such other
securities entitled and proposed to be included in this registration (with shares pursuant to (A)
and (B) included in the registration on a pari passu basis) and (iii) third, any securities to be
offered for the account of the Company (but only in the case of a registration initiated by a
shareholder) and any other securities of the Company that have been requested to be so included,
subject to the terms of this Agreement.

     2.2 Expenses of Registration.

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          (a) The Company shall not bear any Registration Expenses other than those incurred in
connection with the first Shelf Registration Statement pursuant to Section 2.1 above. For the
avoidance of doubt, any costs and expenses incurred in connection with any subsequent sale of any
registered shares which requires a filing of any amendment or supplement to any registration
statement, including without limitation, all fees and expenses of any legal counsel, accountant or
any other advisor and any other out-of-pocket expenses, shall be borne by the holder(s) of such
shares.

          (b) Except for the Registration Expenses incurred in connection with the first Shelf
Registration Statement which shall be borne by the Company pursuant to Section 2.2 (a) above, all
Registration Expenses and Selling Expenses incurred in connection with any and all registrations
hereunder shall be borne by the holders of the securities so registered pro rata on the basis of
the aggregate offering or sale price of the securities so registered.

     2.3 Obligations of the Company.

     During the Registration Period, the Company shall use its commercially reasonable efforts, to
take such actions as are under its control to remain a well-known seasoned issuer (as defined in
Rule 405 under the Securities Act) if it becomes eligible for such status in the future (and not
become an ineligible issuer (as defined in Rule 405 under the Securities Act)). In addition,
whenever required to effect the registration of any Registrable Securities or facilitate the
distribution of Registrable Securities pursuant to an effective Shelf Registration Statement, the
Company shall, as expeditiously as reasonably practicable:

          (a) Prepare and file with the SEC a prospectus supplement with respect to a proposed offering
of Registrable Securities pursuant to an effective registration statement, subject to this Section
2.3, and keep such registration statement effective or such prospectus supplement current during
the Registration Period.

          (b) Prepare and file with the SEC such amendments and supplements to the applicable
registration statement and the prospectus or prospectus supplement used in connection with such
registration statement as may be necessary to comply with the provisions of the Securities Act with
respect to the disposition of all securities covered by such registration statement.

          (c) Furnish to the Holders and any underwriters such number of copies of the applicable
registration statement and each such amendment and supplement thereto (including in each case all
exhibits) and of a prospectus, including a preliminary prospectus, in conformity with the
requirements of the Securities Act, and such other documents as they may reasonably request in
order to facilitate the disposition of Registrable Securities owned or to be distributed by them.

          (d) Use its reasonable best efforts to register and qualify the securities covered by such
registration statement under such other securities or blue sky laws of such jurisdictions as shall
be reasonably requested by the Holders or any managing underwriter(s), to keep such registration or
qualification in effect for so long as such registration statement remains in effect, and to take
any other action which may be reasonably necessary to enable such seller to

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consummate the disposition in such jurisdictions of the securities owned by such Holder; provided
that the Company shall not be required in connection therewith or as a condition thereto to qualify
to do business or to file a general consent to service of process in any such states or
jurisdictions.

          (e) Notify each Holder at any time when a prospectus relating thereto is required to be
delivered under the Securities Act of the happening of any event as a result of which the
applicable prospectus, as then in effect, includes an untrue statement of a material fact or omits
to state a material fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing.

          (f) Give written notice to the Holders:

     (i) When any registration statement filed pursuant to Section 2 or any
amendment thereto has been filed with the SEC and when such registration statement
or any post-effective amendment thereto has become effective;

     (ii) of any request by the SEC for amendments or supplements to any
registration statement or the prospectus included therein or for additional
information;

     (iii) of the issuance by the SEC of any stop order suspending the effectiveness
of any registration statement or the initiation of any proceedings for that purpose;

     (iv) of the receipt by the Company or its legal counsel of any notification
with respect to the suspension of the qualification of the Common Shares for sale in
any jurisdiction or the initiation or threatening of any proceeding for such
purpose; and

     (v) of the happening of any event that requires the Company to make changes in
any effective registration statement or the prospectus related to the registration
statement in order to make the statements therein not misleading (which notice shall
be accompanied by an instruction to suspend the use of the prospectus until the
requisite changes have been made);

          (g) Use its reasonable best efforts to prevent the issuance or obtain the withdrawal of any
order suspending the effectiveness of any registration statement referred to in Section 2.3(f)(iii)
at the earliest practicable time.

          (h) Upon the occurrence of any event contemplated by Section 2.3(e) or 2.3(f)(v), promptly
prepare a post-effective amendment to such registration statement or a supplement to the related
prospectus or file any other required document so that, as thereafter delivered to the Holders and
any underwriters, the prospectus will not contain an untrue statement of a material fact or omit to
state any material fact necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. If the Company notifies the Holders in accordance with
Section 2.3(f)(v) to suspend the use of the prospectus until the requisite changes to the
prospectus have been made, then the Holders and

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any underwriters shall suspend use of such prospectus and use their commercially reasonable efforts
to return to the Company all copies of such prospectus (at the Company’s expense) other than
permanent file copies then in such Holder’s or underwriter’s possession.

          (i) Use best efforts to procure the cooperation of the Company’s transfer agent in settling
any offering or sale of Registrable Securities, including with respect to the transfer of physical
share certificates into book-entry form in accordance with any procedures reasonably requested by
the Holders or any managing underwriter(s).

          (j) If an underwritten offering is requested pursuant to Section 2.1(a), (i) enter into an
underwriting agreement in customary form, scope and substance; (ii) furnish the underwriters with
opinions of counsel to the Company, addressed to the managing underwriter(s), if any, covering the
matters customarily covered in such opinions requested in underwritten offerings; and (iii) obtain
“comfort” letters from the independent certified public accountants of the Company (and, if
necessary, any other independent certified public accountants of any business acquired by the
Company for which financial statements and financial data are included in the Shelf Registration
Statement) who have certified the financial statements included in such Shelf Registration
Statement, addressed to each of the managing underwriter(s), if any, such letters to be in
customary form and covering matters of the type customarily covered in “comfort” letters.

          (k) Make available for inspection by a representative of Holders that are selling
shareholders, the managing underwriter(s), if any, and any attorneys or accountants retained by
such Holders or managing underwriter(s), at the offices where normally kept, during reasonable
business hours, financial and other records, pertinent corporate documents and properties of the
Company, and cause the officers, directors and employees of the Company to supply all information
in each case reasonably requested (and of the type customarily provided in connection with due
diligence conducted in connection with a registered public offering of securities) by any such
representative, managing underwriter(s), attorney or accountant in connection with such Shelf
Registration Statement.

          (l) Cause all such Registrable Securities to be listed on each securities exchange on which
similar securities issued by the Company are then listed or, if no similar securities issued by the
Company are then listed on any securities exchange, use its reasonable best efforts to cause all
such Registrable Securities to be listed on the New York Stock Exchange or NASDAQ, as determined by
the Company.

          (m) If requested by Holders of a majority of the Registrable Securities being registered
and/or sold in connection therewith, or the managing underwriter(s), if any, promptly include in a
prospectus supplement or amendment such information as the Holders of a majority of the Registrable
Securities being registered and/or sold in connection therewith or managing underwriter(s), if any,
may reasonably request in order to permit the intended method of distribution of such securities
and make all required filings of such prospectus supplement or such amendment as soon as
practicable after the Company has received such request.

          (n) Timely provide to its Shareholders earning statements satisfying the provisions of Section
11(a) of the Securities Act and Rule 158 thereunder.

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          (o) Take all reasonable action necessary to: (i) cause the Depositary to accept the deposit of
the Registrable Securities into the deposit facility to issue ADSs (or receipts) representing such
Registrable Securities and to issue the related ADRs and (ii) cause the Depositary to register with
the SEC (to the extent necessary) such ADSs.

     2.4 Suspension of Sales.

     During any Scheduled Black-out Period and upon receipt of written notice from the Company that
a registration statement, prospectus or prospectus supplement contains or may contain an untrue
statement of a material fact or omits or may omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading or that circumstances exist that
make inadvisable use of such registration statement, prospectus or prospectus supplement, each
Holder of Registrable Securities shall forthwith discontinue disposition of Registrable Securities
until termination of such Scheduled Black-out Period or until such Holder has received copies of a
supplemented or amended prospectus or prospectus supplement, or until such Holder is advised in
writing by the Company that the use of the prospectus and, if applicable the prospectus supplement
may be resumed. The total number of days that any such suspension may be in effect in any 180 day
period shall not exceed 45 days.

     2.5 Termination of Registration Rights.

     A Holder’s registration rights as to any securities held by such Holder (and its Affiliates,
partners, members and former members) shall not be available unless such securities are Registrable
Securities.

     2.6 Free Writing Prospectuses.

     No Holder shall use any free writing prospectus (as defined in Rule 405) in connection with
the sale of Registrable Securities without the prior written consent of the Company.

     2.7 Indemnification.

          (a) To the extent permitted by law, the Company agrees to indemnify each Holder, each
Affiliate of such Holder and their respective directors, officers, members, managers, employees,
agents, representatives and Affiliates (each, an “Indemnitee”), against any and all Losses, joint
or several, arising out of or based upon any untrue statement or alleged untrue statement of
material fact contained in any registration statement, including any preliminary prospectus or
final prospectus contained therein or any amendments or supplements thereto or any documents
incorporated therein by reference or contained in any free writing prospectus (as such term is
defined in Rule 405) prepared by the Company or authorized by it in writing for use by such Holder
(or any amendment or supplement thereto); or any omission to state therein a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading; provided, that the Company shall not be liable to such
Indemnitee in any such case to the extent that any such loss, claim, damage, liability (or action
or proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or
omission made in such registration statement, including any such preliminary prospectus or final
prospectus contained therein or any such amendments

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or supplements thereto or contained in any free writing prospectus (as such term is defined in Rule
405) prepared by the Company or authorized by it in writing for use by such Holder (or any
amendment or supplement thereto) in reliance upon and in conformity with information regarding such
Indemnitee or its plan of distribution or ownership interests which was furnished in writing to the
Company by such Indemnitee for use in connection with such registration statement, including any
such preliminary prospectus or final prospectus contained therein or any such amendments or
supplements thereto.

          (b) If the indemnification provided for in Section 2.7(a) is unavailable to an Indemnitee with
respect to any Losses or is insufficient to hold the Indemnitee harmless as contemplated therein,
then the Company, in lieu of indemnifying such Indemnitee, shall contribute to the amount paid or
payable by such Indemnitee as a result of such Losses in such proportion as is appropriate to
reflect the relative fault of the Indemnitee, on the one hand, and the Company, on the other hand,
in connection with the statements or omissions which resulted in such Losses as well as any other
relevant equitable considerations. The relative fault of the Company, on the one hand, and of the
Indemnitee, on the other hand, shall be determined by reference to, among other factors, whether
the untrue statement of a material fact or omission to state a material fact relates to information
supplied by the Company or by the Indemnitee and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission; the Company and each
Holder agree that it would not be just and equitable if contribution pursuant to this Section
2.7(b) were determined by pro rata allocation or by any other method of allocation that does not
take account of the equitable considerations referred to in Section 2.7(a). No Indemnitee guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from the Company if the Company was not guilty of such fraudulent
misrepresentation.

     2.8 Assignment of Registration Rights.

     The rights of a Holder to registration of Registrable Securities pursuant to Section 2 may be
assigned by such Holder to a transferee or assignee of Registrable Securities; provided, however,
that the transferor shall, within ten (10) days after such transfer, furnish to the Company written
notice of the name and address of such transferee or assignee and the number and type of
Registrable Securities that are being assigned.

     2.9 Rule 144; Rule 144A Reporting.

     With a view to making available to the Shareholders and other Holders the benefits of certain
rules and regulations of the SEC which may permit the sale of the Registrable Securities to the
public without registration, the Company agrees to use its reasonable best efforts to:

          (a) make and keep public information available, as those terms are understood and defined in
Rule 144(c)(1) or any similar or analogous rule promulgated under the Securities Act, at all times
after the effective date of this Agreement;

          (b) file with the SEC, in a timely manner, all reports and other documents required of the
Company under the Exchange Act, and if at any time the Company is not required to file such
reports, make available, upon the request of any Holder, such information

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necessary to permit sales pursuant to Rule 144A (including the information required by Rule
144A(d)(4) and the Securities Act);

          (c) so long as any Shareholders or other Holders own any Registrable Securities, furnish to
the Shareholders or such other Holders forthwith upon request: a written statement by the Company
as to its compliance with the reporting requirements of Rule 144 under the Securities Act, and of
the Exchange Act; a copy of the most recent annual or quarterly report of the Company; and such
other reports and documents as the Shareholders or other Holders may reasonably request in availing
itself of any rule or regulation of the SEC allowing it to sell any such securities without
registration; and

          (d) take such further action as any Holder may reasonably request, all to the extent required
from time to time to enable such Holder to sell Registrable Securities without registration under
the Securities Act.

     2.10 Forfeiture.

     At any time, any Holder may elect in writing to forfeit its rights set forth in this Section 2
from that date forward; provided, that a Holder forfeiting such rights shall nonetheless be
entitled to participate under Section 2.1 in any Pending Underwritten Offering to the same extent
that such Holder would have been entitled to if the Holder had not withdrawn; and provided,
further, that no such forfeiture shall terminate a Holder’s rights or obligations under Section 2.7
with respect to any prior registration or Pending Underwritten Offering. “Pending Underwritten
Offering” means, with respect to any Holder forfeiting its rights pursuant to this Section 2.10,
any underwritten offering of Registrable Securities in which such Holder has advised the Company of
its intent to register its Registrable Securities either pursuant to Section 2.1(a) or Section
2.1(c) prior to the date of such Holder’s forfeiture.

SECTION 3

MISCELLANEOUS

     3.1 Governing Law. This Agreement shall be governed by, and construed in accordance with, the
substantive laws of the State of New York, without regard to New York choice of law rules. Any
dispute arising out of or in connection with this Agreement shall be referred to the Hong Kong
International Arbitration Centre in Hong Kong. The arbitration proceedings shall be conducted in
English pursuant to the Arbitration Rules of the United Nations Commission on International Trade
Law, as currently in effect and a decision rendered by the arbitral tribunal in such proceedings
shall be final and binding on the Parties. All rights to apply or appeal to any court on a
preliminary or other point of law are excluded; provided, however, that nothing herein shall limit
the ability of a Party to seek specific performance or interim injunctive relief in any court of
competent jurisdiction.

     3.2 Waiver of Jury Trial. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL
RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

- 11 -

 

     3.3 Successors and Assigns. Except as otherwise expressly provided herein, the provisions
hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs,
executors and administrators of the parties hereto.

     3.4 Entire Agreements Amendment; Waiver. This Agreement constitutes the full and entire
understanding and agreement among the parties with regard to the subjects hereof. Neither this
Agreement nor any term hereof may be amended, waived, discharged or terminated, except by a written
instrument signed by the Company and the Holders of two-thirds of the Registrable Securities and
each Holder of at least 10% of the Company’s securities; provided, that no amendment shall by its
terms diminish or negatively affect a Holders’ rights in a manner differently from any other Holder
without such Holder’s consent. Any such amendment, waiver, discharge or termination shall be
binding on all the Holders of Registrable Securities, but in no event shall the obligation of any
Holder of Registrable Securities hereunder be materially increased, except upon the written consent
of such Holder of Registrable Securities.

     3.5 Additional Parties. Any person that acquires Registrable Securities pursuant to the terms
of this Agreement and upon execution of a signature page to this Agreement shall be deemed a Holder
hereunder. The addition of such other Holders shall not be deemed an amendment under Section 3.4 of
this Agreement and no approval of any existing Shareholder or party to this Agreement other than
the Company shall be required to effect such action. All Shareholders consent to the provisions of
this Section 3.5.

     3.6 Notices, Etc. All notices and other communications hereunder shall be in writing and shall
be deemed duly given (i) on the date of delivery if delivered personally, or if by facsimile, upon
written confirmation of receipt by facsimile, e-mail or otherwise, (ii) on the first
(1st) business day following the date of dispatch if delivered utilizing a next-day
service by a recognized next-day courier service or (iii) on the earlier of confirmed receipt or
the fifth (5th) business day following the date of mailing if delivered by registered or
certified mail, return receipt requested, postage prepaid. All notices hereunder shall be
delivered, (x) if to a Holder, as indicated on the signature page attached hereto, or at such other
address as such Holder or permitted assignee shall have furnished to the Company in writing, or (y)
if to the Company, at Skadden, Arps, Slate, Meagher & Flom, 42/F, Edinburgh Tower, The Landmark, 15
Queen’s Road Central, Hong Kong, Attention: Julie Gao, or at such other address as the Company
shall have furnished to each Holder in writing.

     3.7 Delays or Omissions. No failure or delay of any party in exercising any right or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such
right or power, or any abandonment or discontinuance of steps to enforce such right or power, or
any course of conduct, preclude any other or further exercise thereof or the exercise of any other
right or power. The rights and remedies of the parties hereunder are cumulative and are not
exclusive of any rights or remedies which they would otherwise have hereunder. Any agreement on the
part of any party to any such waiver shall be valid only if set forth in a written instrument
executed and delivered by a duly authorized officer on behalf of such party.

     3.8 Rights; Separability. Unless otherwise expressly provided herein, a Holder’s rights
hereunder are several rights, not rights jointly held with any of the other Holder. In case any
provision of the Agreement shall be invalid, illegal or unenforceable, the validity, legality

- 12 -

 

and enforceability of the remaining provisions shall not in any way be affected or impaired
thereby.

     3.9 Information Confidential. Each Holder acknowledges that the information received by them
pursuant hereto is confidential and for its use only on behalf of the Company, and it will not use
such confidential information in violation of the Exchange Act or reproduce, disclose or
disseminate such information to any other person (other than its partners, parent, subsidiaries,
employees or agents having a need to know the contents of such information, and its attorneys),
except in connection with the exercise of rights under this Agreement, unless the Company or some
other party other than the Holder has made such information available to the public generally, or
such Holder is required to disclose such information by a governmental body (or order thereof) or
pursuant to any law, statute, rule or regulation.

     3.10 Expenses. If any action at law or in equity is necessary to enforce or interpret the
terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees,
costs and necessary disbursements in addition to any other relief to which such party may be
entitled.

     3.11 Legend on Certificates. Each certificate representing any Registrable Securities shall be
endorsed by the Company with a legend reading substantially as follows:

“The Shares evidenced hereby are subject to a Registration Rights
Agreement by and among the Company and the Holders (as defined therein)
(the “Agreement”) (a copy of which may be obtained upon written request
from the issuer), and by accepting any interest in such Shares the person
accepting such interest shall be deemed to agree to and shall become
bound by all the provisions of the Agreement.”

     3.12 Captions. The article, section, paragraph and clause captions herein are for convenience
of reference only, do not constitute part of this Agreement and will not be deemed to limit or
otherwise affect any of the provisions hereof.

     3.13 Counterparts; Facsimile. This Agreement may be executed by facsimile and in any number of
counterparts, each of which shall be an original, but all of which together shall constitute one
instrument. Such facsimile signatures shall be deemed original signatures for all purposes.

[Signatures Begin On Next Page]

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     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date and year, first
above written.

	 	 	 	 	 

	VISIONCHINA MEDIA INC.	 	 
	 
	 	 	 	 
	By:
	 	/s/ Limin Li 	 	 
	 

	 	 	 	 
	Name:
	 	Limin Li 	 	 
	Title:
	 	Chief Executive Officer 	 	 
	 
	 	 	 	 
	FRONT LEAD INVESTMENTS LIMITED	 	 
	 
	 	 	 	 
	By:
	 	/s/ Limin Li 	 	 
	 

	 	 	 	 
	Name:
	 	Limin Li 	 	 
	Title:
	 	 	 	 

 

 

	 	 	 	 	 

	FOCUS MEDIA HOLDING LIMITED	 	 
	 
	 	 	 	 
	By:
	 	/s/ Jason Nanchun Jiang 	 	 
	 

	 	 	 	 
	Name:
	 	Jason Nanchun Jiang 	 	 
	Title:
	 	Chief Executive Officer 	 	 
	 
	 	 	 	 
	JJ MEDIA INVESTMENT HOLDING LIMITED	 	 
	 
	 	 	 	 
	By:
	 	/s/ Jason Nanchun Jiang 	 	 
	 

	 	 	 	 
	Name:
	 	Jason Nanchun Jiang 	 	 
	Title:
	 	Directorexv10w1

Exhibit 10.1

BIG 5 SPORTING GOODS CORPORATION

2007 EQUITY AND PERFORMANCE INCENTIVE PLAN

(AMENDED AND RESTATED AS OF APRIL 26, 2011)

     BIG 5 SPORTING GOODS CORPORATION, a corporation existing under the laws of the State of
Delaware (the “Company”), established and adopted the Company’s 2007 Equity and Performance
Incentive Plan, effective as of April 24, 2007 (the “Original Plan”). The Original Plan is hereby
amended and restated as the Big 5 Sporting Goods Corporation 2007 Equity and Performance Incentive
Plan (Amended and Restated as of April 26, 2011) (the “Plan”). Certain capitalized terms used in
the Plan are defined in Article II.

RECITALS

     WHEREAS, the Company desires to encourage high levels of performance by those individuals who
are key to the success of the Company, to attract new individuals who are highly motivated and who
are expected to contribute to the success of the Company and to encourage such individuals to
remain as directors, employees, consultants and/or advisors of the Company and its Affiliates by
increasing their proprietary interest in the Company’s growth and success;

     WHEREAS, to attain these ends, the Company established and maintained the Original Plan to
authorize the granting of Awards to Participants whose judgment, initiative and efforts are or have
been or are expected to be responsible for the success of the Company; and

     WHEREAS, the Company has determined to amend and restate the Original Plan to, among other
things, increase the number of Shares authorized for grant under the Plan and to provide the
Company greater flexibility in determining the restrictions applicable to certain Awards granted
under the Plan.

     NOW, THEREFORE, the Company hereby amends and restates the Original Plan and agrees to the
following provisions:

ARTICLE I

PURPOSE OF THE PLAN

     1.1 Purpose. The purpose of the Plan is to assist the Company and its Affiliates in
attracting and retaining selected individuals to serve as directors, employees, consultants and/or
advisors of the Company who are expected to contribute to the Company’s success and to achieve
long-term objectives which will inure to the benefit of all stockholders of the Company through the
additional incentives inherent in the Awards hereunder.

ARTICLE II

DEFINITIONS

     2.1 “Affiliate” shall mean (i) any person or entity that directly, or through one or more
intermediaries, controls, or is controlled by, or is under common control with, the Company
(including any Parent or Subsidiary) or (ii) any entity in which the Company has a significant
equity interest, as determined by the Committee.

     2.2 “Applicable Laws” means the legal requirements relating to the administration of and
issuance of securities under stock incentive plans, including, without limitation, the requirements
of state corporations law, federal and state securities law, federal and state tax law, and the
requirements of any stock exchange or quotation system upon which the Shares may then be listed or
quoted. For all purposes of this Plan, references to statutes and regulations shall be deemed to
include any successor statutes and regulations, to the extent reasonably appropriate as determined
by the Committee.

 

 

     2.3 “Award” shall mean any Option, Stock Appreciation Right, Restricted Stock Award,
Performance Award, Dividend Equivalent, Other Stock Unit Award or any other right, interest or
option relating to Shares or other property (including cash) granted pursuant to the provisions of
the Plan.

     2.4 “Award Agreement” shall mean any written agreement, contract or other instrument or
document evidencing any Award granted by the Committee hereunder.

     2.5 “Board” shall mean the board of directors of the Company.

     2.6 “Cause” shall have the meaning set forth in a Participant’s employment or consulting
agreement with the Company (if any), or if not defined therein, shall mean (i) acts or omissions by
the Participant which constitute intentional material misconduct or a knowing violation of a
material policy of the Company or any of its subsidiaries, (ii) the Participant personally
receiving a benefit in money, property or services from the Company or any of its subsidiaries or
from another person dealing with the Company or any of its subsidiaries, in material violation of
applicable law or Company policy, (iii) an act of fraud, conversion, misappropriation, or
embezzlement by the Participant or his conviction of, or entering a guilty plea or plea of no
contest with respect to, a felony, or the equivalent thereof (other than DUI), or (iv) any
deliberate and material misuse or improper disclosure of confidential or proprietary information of
the Company.

     2.7 “Change of Control” shall mean the occurrence of any of the following events:

          (i) The direct or indirect acquisition by an unrelated “Person” or “Group” of “Beneficial
Ownership” (as such terms are defined below) of more than 50% of the voting power of the Company’s
issued and outstanding voting securities in a single transaction or a series of related
transactions;

          (ii) The direct or indirect sale or transfer by the Company of substantially all of its assets
to one or more unrelated Persons or Groups in a single transaction or a series of related
transactions;

          (iii) The merger, consolidation or reorganization of the Company with or into another
corporation or other entity in which the Beneficial Owners of more than 50% of the voting power of
the Company’s issued and outstanding voting securities immediately before such merger or
consolidation do not own more than 50% of the voting power of the issued and outstanding voting
securities of the surviving corporation or other entity immediately after such merger,
consolidation or reorganization (or, if applicable, the ultimate parent corporation that
directly or indirectly has Beneficial Ownership of 100% of the voting securities eligible to elect
directors of the surviving corporation); or

          (iv) During any consecutive two-year period, individuals who at the beginning of such period
constituted the Board of the Company (together with any new Directors whose election to such Board
or whose nomination for election by the stockholders of the Company was approved by a vote of a
majority of the Directors of the Company then still in office who were either Directors at the
beginning of such period or whose election or nomination for election was previously so approved)
cease for any reason to constitute a majority of the Board of the Company then in office.

     None of the foregoing events, however, shall constitute a Change of Control if such event is
not a “Change in Control Event” under Treasury Regulations Section 1.409A-3(i)(5). For purposes of
determining whether a Change of Control has occurred, the following Persons and Groups shall not be
deemed to be “unrelated”: (A) such Person or Group directly or indirectly has Beneficial Ownership
of more than 50% of the issued and outstanding voting power of the Company’s voting securities
immediately before the transaction in question, (B) the Company has Beneficial Ownership of more
than 50% of the voting power of the issued and outstanding voting securities of such Person or
Group, or (C) more than 50% of the voting power of the issued and outstanding voting securities of
such Person or Group are owned, directly or indirectly, by Beneficial Owners of more than 50% of
the issued and outstanding voting power of the Company’s voting securities immediately before the
transaction in question. The terms “Person,” “Group,” “Beneficial Owner,” and “Beneficial
Ownership” shall have the meanings used in the Exchange Act.

- 2 -

 

     2.8 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and any
successor thereto.

     2.9 “Committee” shall mean the Committee constituted under Section 4.2 to administer this
Plan.

     2.10 “Company” has the meaning set forth in introductory paragraph of the Plan.

     2.11 “Consultant” means any person, including an advisor, who (i) is a natural person, (ii)
provides bona fide services to the Company or a Parent or Subsidiary, and (iii) provides services
that are not in connection with the offer or sale of securities in a capital-raising transaction,
and that do not directly or indirectly promote or maintain a market for the securities of the
Company; provided that the term ‘Consultant’ does not include (i) Employees or (ii) Directors who
are paid only a director’s fee by the Company or who are not compensated by the Company for their
services as Directors.

     2.12 “Continuous Status as an Employee, Director or Consultant” means that the employment,
director or consulting relationship is not interrupted or terminated by the Company, any Parent or
Subsidiary, or by the Employee, Director or Consultant. Continuous Status as an Employee, Director
or Consultant will not be considered interrupted in the case of: (i) any leave of absence approved
by the Board, including sick leave, military leave, or any other personal leave, provided, that for
purposes of Incentive Stock Options, any such leave may not exceed 90 days, unless reemployment
upon the expiration of such leave is guaranteed by contract (including certain Company policies) or
statute; (ii) transfers between locations of the Company or between the Company, its Parent, its
Subsidiaries or its successor; or (iii) in the case of an Award other than an Incentive Stock
Option, the ceasing of a person to be an Employee while such person remains a Director or
Consultant, the ceasing of a person to be a Director while such person remains an Employee or
Consultant or the ceasing of a person to be a Consultant while such person remains an Employee or
Director.

     2.13 “Covered Employee” shall mean a “covered employee” within the meaning of Section
162(m)(3) of the Code, or any successor provision thereto.

     2.14 “Director” shall mean a non-employee member of the Board or a non-employee member of the
board of directors of a Parent or Subsidiary.

     2.15 “Disability” shall mean total and permanent disability as defined in Section 22(e)(3) of
the Code.

     2.16 “Dividend Equivalents” shall have the meaning set forth in Section 12.5.

     2.17 “Employee” shall mean any employee of the Company or any Parent or Subsidiary.

     2.18 “Exchange Act” shall mean the Securities Exchange Act of 1934 and the rules promulgated
thereunder, as amended.

     2.19 “Fair Market Value” shall mean, with respect to any property other than Shares, the
market value of such property determined by such methods or procedures as shall be established from
time to time by the Committee. The Fair Market Value of Shares as of any date shall be determined
as follows:

          (i) If the Shares are listed on any established stock exchange or a national market system,
including without limitation, the National Market System of NASDAQ, the Fair Market Value of a
Share will be (i) the closing sales price for such Shares (or the closing bid, if no sales are
reported) as quoted on that system or exchange (or the system or exchange with the greatest volume
of trading in Shares) on the last market trading day prior to the day of determination or (ii) any
sales price for such Shares (or the closing bid, if no sales are reported) as quoted on that system
or exchange (or the system or exchange with the greatest volume of trading in Shares) on the day of
determination, as the Committee may select, in each case as reported in the Wall Street Journal or
any other source the Committee considers reliable.

- 3 -

 

          (ii) If the Shares are quoted on the NASDAQ System (but not on the NASDAQ National Market
System) or are regularly quoted by recognized securities dealers but selling prices are not
reported, the Fair Market Value of a Share will be the mean between the high bid and low asked
prices for the Shares on (i)
the last market trading day prior to the day of determination or (ii) the day of determination, as
the Committee may select, in each case as reported in the Wall Street Journal or any other source
the Committee considers reliable.

          (iii) If the Shares are not traded as set forth above, the Fair Market Value will be
determined in good faith by the Committee with reference to the earnings history, book value and
prospects of the Company in light of market conditions generally, and any other factors the
Committee considers appropriate, such determination by the Committee to be final, conclusive and
binding.

     2.20 “Family Member” means 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 (or the Participant) control the management of assets, and any other entity in which these
persons (or the Participant) own more than 50 percent of the voting interests.

     2.21 “Incentive Stock Option” means an Option intended to qualify as an incentive stock option
within the meaning of Section 422 of the Code and the regulations promulgated thereunder.

     2.22 “Limitations” shall have the meaning set forth in Section 3.2.

     2.23 “Option” shall mean any right granted to a Participant under the Plan allowing such
Participant to purchase Shares at such price or prices and during such period or periods as the
Committee shall determine.

     2.24 “Original Plan” has the meaning set forth in the introductory paragraph of the Plan.

     2.25 “Other Stock Unit Award” shall have the meaning set forth in Section 8.1.

     2.26 “Parent” means a “parent corporation” with respect to the Company, whether now or later
existing, as defined in Section 424(e) of the Code.

     2.27 “Participant” shall mean an Employee, Director or Consultant who is selected by the
Committee to receive an Award under the Plan.

     2.28 “Payee” shall have the meaning set forth in Section 13.1.

     2.29 “Performance Award” shall mean any Award of Performance Shares or Performance Units
granted pursuant to Article 9.

     2.30 “Performance Period” shall mean that period established by the Committee at the time any
Performance Award is granted or at any time thereafter during which any performance goals specified
by the Committee with respect to such Award are to be measured.

     2.31 “Performance Share” shall mean any grant pursuant to Article 9 of a unit valued by
reference to a designated number of Shares, which value may be paid to the Participant by delivery
of such property as the Committee shall determine, including cash, Shares, other property, or any
combination thereof, upon achievement of such performance goals during the Performance Period as
the Committee shall establish at the time of such grant or thereafter.

     2.32 “Performance Unit” shall mean any grant pursuant to Article 9 of a unit valued by
reference to a designated amount of property (including cash) other than Shares, which value may be
paid to the Participant by delivery of such property as the Committee shall determine, including
cash, Shares, other property, or any

- 4 -

 

combination thereof, upon achievement of such performance
goals during the Performance Period as the Committee shall establish at the time of such grant or
thereafter.

     2.33 “Prior Plans” shall mean, collectively, the Company’s 1997 Management Equity Plan and
2002 Stock Incentive Plan, as amended.

     2.34 “Restricted Stock” shall mean any Share issued with the restriction that the holder may
not sell, transfer, pledge or assign such Share and with such other restrictions as the Committee,
in its sole discretion, may impose (including any restriction on the right to vote such Share and
the right to receive any dividends), which restrictions may lapse separately or in combination at
such time or times, in installments or otherwise, as the Committee may deem appropriate.

     2.35 “Restricted Period” shall have the meaning set forth in Section 7.1.

     2.36 “Restricted Stock Award” shall have the meaning set forth in Section 7.1.

     2.37 “Shares” shall mean the shares of common stock of the Company, par value $0.01 per share.

     2.38 “Stock Appreciation Right” shall mean the right granted to a Participant pursuant to
Article 6.

     2.39 “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain of
corporations beginning with the Company if, at the time of the granting of the Award, each of the
corporations other than the last corporation in the unbroken chain owns stock possessing 50% or
more of the total combined voting power of all classes of stock in one of the other corporations in
the chain.

     2.40 “Substitute Awards” shall mean Awards granted or Shares issued by the Company in
assumption of, or in substitution or exchange for, awards previously granted, or the right or
obligation to make future awards, by a company acquired by the Company or any Subsidiary or with
which the Company or any Subsidiary combines.

ARTICLE III

SHARES SUBJECT TO THE PLAN

     3.1 Number of Shares.

          (a) Subject to adjustment as provided in Section 12.2, the total number of Shares authorized
for grant under this Plan shall be (i) 3,649,250 Shares (representing an increase of 1,250,000
Shares over the amount of Shares authorized under the Original Plan) plus (ii) any Shares subject
to awards granted under the Prior Plans, which such awards were outstanding as of April 24, 2007
and which have subsequently been forfeited, have expired or have otherwise terminated, or which
hereafter are forfeited, expire or otherwise terminate, without issuance of Shares, or were or are
settled for cash or otherwise did not and do not result in the issuance of Shares. Any Shares that
are subject to Awards of Options or Stock Appreciation Rights shall be counted against this limit
as one Share for every one Share granted, regardless of the number of shares actually delivered
pursuant to such Awards. Any Shares that are subject to Awards other than Options or Stock
Appreciation Rights (including, but not limited to, Shares delivered in satisfaction of Dividend
Equivalents) shall be counted against this limit as 2.5 Shares for every one Share granted.

          (b) If any Shares subject to an Award or to an award under the Prior Plans are forfeited,
expire or otherwise terminate without issuance of such Shares, or any Award or award under the
Prior Plans is settled for cash or otherwise does not result in the issuance of all or a portion of
the Shares subject to such Award, the Shares shall, to the extent of such forfeiture, expiration,
termination, cash settlement or non-issuance, again be available for Awards under the Plan, subject
to Section 3.1(e) below.

          (c) In the event that (i) any Option or other Award granted under this Plan or any option or
award granted under the Prior Plans is exercised through the tendering of Shares (either actually,
by attestation, or by the giving of instructions to a broker to remit to the Company that portion
of the sales price required to pay the exercise price) or by the withholding of Shares by the
Company, or (ii) withholding tax liabilities arising from such Options or Awards under this Plan or
options or awards under a Prior Plan are satisfied by the
tendering of Shares (either actually, by attestation,

- 5 -

 

or by the giving of instructions to a
broker to remit to the Company that portion of the sales price required to pay the exercise price)
or by the withholding of Shares by the Company, then the Shares so tendered or withheld shall not
again be available for Awards under the Plan.

          (d) Substitute Awards shall not reduce the Shares authorized for issuance under the Plan or
authorized for grant to a Participant in any calendar year. Additionally, in the event that a
company acquired by the Company or any Subsidiary, or with which the Company or any Subsidiary
combines, has shares available under a pre-existing plan approved by shareholders and not adopted
in contemplation of such acquisition or combination, the shares available for grant pursuant to the
terms of such pre-existing plan (as adjusted, to the extent appropriate, using the exchange ratio
or other adjustment or valuation ratio or formula used in such acquisition or combination to
determine the consideration payable to the holders of common stock of the entities party to such
acquisition or combination) may be used for Awards under the Plan and shall not reduce the Shares
authorized for issuance under the Plan; provided that Awards using such available shares shall not
be made after the date awards or grants could have been made under the terms of the pre-existing
plan, absent the acquisition or combination, and shall only be made to individuals who were
employees, directors or consultants of such acquired or combined company before such acquisition or
combination.

          (e) Any Shares that again become available for grant pursuant to this Article 3 shall be added
back as one Share if such Shares were subject to Options or Stock Appreciation Rights granted under
the Plan or options or stock appreciation rights granted under the Prior Plans, and as 2.5 Shares
if such Shares were subject to Awards other than Options or Stock Appreciation Rights granted under
the Plan.

     3.2 Limitations on Grants to Individual Participant. Subject to adjustment as
provided in Section 12.2, no Participant may be granted (i) Options or Stock Appreciation Rights
during any fiscal year of the Company with respect to more than 500,000 Shares, or (ii) Restricted
Stock, Performance Awards and/or Other Stock Unit Awards that are denominated in Shares in any
fiscal year of the Company with respect to more than 250,000 Shares (the “Limitations”). In
addition to the foregoing, the maximum dollar value payable to any Participant in any fiscal year
of the Company with respect to Performance Awards and/or Other Stock Unit Awards that are valued
with reference to cash or property other than Shares is $2,000,000. If an Award is cancelled, the
cancelled Award shall continue to be counted toward the applicable Limitations.

     3.3 Character of Shares. Any Shares issued hereunder may consist, in whole or in
part, of authorized and unissued shares, treasury shares or shares purchased in the open market or
otherwise.

ARTICLE IV

ELIGIBILITY AND ADMINISTRATION

     4.1 Eligibility. Any Employee, Director or Consultant shall be eligible to be
selected as a Participant. Only Employees may receive awards of Incentive Stock Options.

     4.2 Administration.

          (a) The Plan shall be administered by the Committee, constituted as follows:

          (i) The Committee will consist of the Board, or a committee designated by the Board,
which Committee will be constituted to satisfy Applicable Laws. Once appointed, a Committee
will serve in its designated capacity until otherwise directed by the Board. The Board may
increase the size of the Committee and appoint additional members, remove members (with or
without cause) and substitute new members, fill vacancies (however caused), and remove all
members of the Committee and thereafter directly administer the Plan. Notwithstanding the
foregoing, unless the Board expressly resolves to the contrary, while the Company is
registered pursuant to Section 12 of the Exchange Act, the Plan will be administered only by
the Compensation Committee of the Board (or such other

- 6 -

 

committee designated by the
Compensation Committee of the Board), consisting of no fewer than two Directors, each of
whom is (A) a “non-employee director” within the meaning of Rule 16b-3 (or any successor
rule) of the Exchange Act, (B) an “outside director” within the meaning of Section
162(m)(4)(C)(i) of the Code, and (C) an “independent director” for purpose of the rules
and regulations of the NASDAQ National Market System or other exchange or quotation system
on which the Shares are principally traded; provided, however, (X) so long as the Committee
has at least two directors that meet the above requirements, the Committee may contain one
additional director who is not a “non-employee director”, “outside director” or “independent
director”, but only if such director abstains from voting on all grants or awards to Covered
Employees and to those Participants who have been designated by the Board of Directors as
being “officers” for purposes of Section 16 of the Exchange Act and the rules promulgated
thereunder and (Y) the failure of the Committee to be composed solely of individuals who are
“non-employee directors,” “outside directors,” and “independent directors”, whether pursuant
to clause (X) above or otherwise, shall not render ineffective or void any awards or grants
made by, or other actions taken by, such Committee.

          (ii) The Plan may be administered by different bodies with respect to Directors,
officers who are not Directors, and Employees and Consultants who are neither Directors nor
officers, and Covered Employees.

          (b) The Committee shall have full discretion, power and authority, subject to the provisions
of the Plan and subject to such orders or resolutions not inconsistent with the provisions of the
Plan as may from time to time be adopted by the Board, to: (i) select the Employees, Consultants
and Directors to whom Awards may from time to time be granted hereunder; (ii) determine the type or
types of Awards, not inconsistent with the provisions of the Plan, to be granted to each
Participant hereunder; (iii) determine the number of Shares to be covered by each Award granted
hereunder; (iv) determine the terms and conditions, not inconsistent with the provisions of the
Plan, of any Award granted hereunder and the form and content of any Award Agreement; (v) determine
whether, to what extent and under what circumstances Awards may be settled in cash, Shares or other
property, subject to the provisions of the Plan; (vi) determine whether, to what extent and under
what circumstances any Award shall be modified, amended, canceled or suspended; (vii) interpret and
administer the Plan and any instrument or agreement entered into under or in connection with the
Plan, including any Award Agreement; (viii) correct any defect, supply any omission or reconcile
any inconsistency in the Plan or any Award in the manner and to the extent that the Committee shall
deem desirable to carry it into effect; (ix) establish such rules and regulations and appoint such
agents as it shall deem appropriate for the proper administration of the Plan; (x) determine
whether any Award will have Dividend Equivalents; (xi) determine whether, to what extent, and under
what circumstances cash, Shares, or other property payable with respect to an Award shall be
deferred either automatically or at the election of the Participant; provided that the Committee
shall take no action that would subject the Participant to a penalty tax under Section 409A of the
Code; and (xii) make any other determination and take any other action that the Committee deems
necessary or desirable for administration of the Plan.

          (c) Decisions of the Committee shall be final, conclusive and binding on all persons or
entities, including the Company, any Participant, any stockholder and any Employee or any
Affiliate. A majority of the members of the Committee may determine its actions and fix the time
and place of its meetings.

          (d) The Committee may delegate to a committee of one or more Directors of the Company or, to
the extent permitted by Applicable Law, to one or more officers or a committee of officers, the
authority to grant Awards to Employees and officers of the Company who are not Directors, Covered
Employees, or “officers,” as such term is defined by Rule 16a-1(f) of the Exchange Act,
and to cancel or suspend Awards to Employees and officers of the Company who are not Directors,
Covered Employees, or “officers,” as such term is defined by Rule 16a-1(f) of the
Exchange Act.

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ARTICLE V

OPTIONS

     5.1 Grant of Options. Options may be granted hereunder to Participants either alone
or in addition to other Awards granted under the Plan. Any Option shall be subject to the terms
and conditions of this Article 5 and to such additional terms and conditions, not inconsistent with
the provisions of the Plan, as the Committee shall deem desirable.

     5.2 Award Agreements. All Options granted pursuant to this Article 5 shall be
evidenced by a written Award Agreement in such form and containing such terms and conditions as the
Committee shall determine which are not inconsistent with the provisions of the Plan. Granting of
an Option pursuant to the Plan shall impose no obligation on the recipient to exercise such Option.
Any individual who is granted an Option pursuant to this Article 5 may hold more than one Option
granted pursuant to the Plan at the same time.

     5.3 Option Price. Other than in connection with Substitute Awards, the option price
per each Share purchasable under any Option granted pursuant to this Article 5 shall not be less
than 100% of the Fair Market Value of such Share on the date of grant of such Option. Other than
pursuant to Section 12.2, the Committee shall not be permitted to (a) lower the option price per
Share of an Option after it is granted, (b) cancel an Option when the option price per Share
exceeds the Fair Market Value of the underlying Shares in exchange for cash or for another Award
(other than in connection with Substitute Awards), and (c) take any other action with respect to an
Option that may be treated as a repricing under the rules and regulations of the NASDAQ National
Market System or other exchange or quotation system on which the Shares are principally traded.

     5.4 Option Period. The term of each Option shall be fixed by the Committee in its
sole discretion; provided that no Option shall be exercisable after the expiration of ten years
from the date the Option is granted.

     5.5 Exercise of Options. Vested Options granted under the Plan shall be exercised by
the Participant or by a Permitted Assignee thereof (or by the Participant’s executors,
administrators, guardian, beneficiary, or legal representative, or Family Members, as may be
provided in an Award Agreement) as to all or part of the Shares covered thereby, by the giving of
written notice of exercise to the Company or its designated agent, specifying the number of Shares
to be purchased, accompanied by payment of the full purchase price for the Shares being purchased.
Unless otherwise provided in an Award Agreement, full payment of such purchase price shall be made
at the time of exercise and shall be made (a) in cash or by certified check or bank check or wire
transfer of immediately available funds, (b) with the consent of the Committee, by tendering
previously acquired Shares (either actually or by attestation, valued at their then Fair Market
Value) that have been owned for a period of at least six months (or such other period to avoid
accounting charges against the Company’s earnings), (c) with the consent of the Committee, by
delivery of other consideration (including, where permitted by law and the Committee, other Awards)
having a Fair Market Value on the exercise date equal to the total purchase price, (d) with the
consent of the Committee, by withholding Shares otherwise issuable in connection with the exercise
of the Option, (e) with the consent of the Committee, by delivery of a properly executed exercise
notice together with any other documentation as the Committee and the Participant’s broker, if
applicable, require to effect an exercise of the Option and delivery to the Company of the sale or
other proceeds (as permitted by Applicable Law) required to pay the exercise price, (f) through any
other method specified in an Award Agreement, or (g) any combination of any of the foregoing. In
connection with a tender of previously acquired Shares pursuant to clause (b) above, the Committee,
in its sole discretion, may permit the Participant to constructively exchange Shares already owned
by the Participant in lieu of actually tendering such Shares to the Company, provided that adequate
documentation concerning the ownership of the Shares to be constructively tendered is furnished in
form satisfactory to the Committee. The notice of exercise, accompanied by such payment, shall be
delivered to the Company at its principal business office or such other office as the Committee may
from time to time direct, and shall be in such form, containing such further provisions consistent
with the provisions of the Plan, as the Committee may from time to time prescribe. In no event may
any Option granted hereunder be exercised for a fraction of a Share. No adjustment shall be made
for cash dividends or other rights for which the record date is prior to the date of such issuance.

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     5.6 Form of Settlement. In its sole discretion, the Committee may provide, at the
time of grant, that the Shares to be issued upon an Option’s exercise shall be in the form of
Restricted Stock or other similar securities, or may reserve the right so to provide after the time
of grant.

     5.7 Incentive Stock Options. With respect to the Options that may be granted by the
Committee under the Plan, the Committee may grant Options intended to qualify as Incentive Stock
Options to any Employee of the Company or any Parent or Subsidiary, subject to the requirements of
Section 422 of the Code. The Award Agreement of an Option intended to qualify as an Incentive
Stock Option shall designate the Option as an Incentive Stock Option. Notwithstanding anything in
Section 3.1 to the contrary and solely for the purposes of determining whether Shares are available
for the grant of Incentive Stock Options under the Plan, the maximum aggregate number of Shares
with respect to which Incentive Stock Options may be granted under the Plan shall be 2,399,250
Shares. Notwithstanding the provisions of Section 5.3, in the case of an Incentive Stock Option
granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock
representing more than ten percent of the voting power of all classes of capital stock of the
Company or any Parent or Subsidiary, the per Share exercise price will be no less than 110% of the
Fair Market Value per Share on the date of grant. Notwithstanding the provisions of Section 5.4,
in the case of an Incentive Stock Option granted to an Employee who, at the time the Incentive
Stock Option is granted, owns stock representing more than ten percent of the voting power of all
classes of capital stock of the Company or any Parent or Subsidiary, the term of the Incentive
Stock Option will be five years from the date of grant or any shorter term specified in the Award
Agreement. Notwithstanding the foregoing, if the Shares subject to an Employee’s Incentive Stock
Options (granted under all plans of the Company or any Parent or Subsidiary), which become
exercisable for the first time during any calendar year, have a Fair Market Value in excess of
$100,000, the Options accounting for this excess will be not be treated as Incentive Stock Options.
For purposes of the preceding sentence, Incentive Stock Options will be taken into account in the
order in which they were granted, and the Fair Market Value of the Shares will be determined as of
the time of grant.

     5.8 Termination of Employment or Consulting Relationship or Directorship. If a
Participant holds exercisable Options on the date his or her Continuous Status as an Employee,
Director or Consultant terminates (other than because of termination due to Cause, but including
death or Disability), the Participant may exercise the Options that were vested and exercisable as
of the date of termination until the end of the original term or for the period set forth in the
Award Agreement or determined by the Committee, whichever is earlier. If the Participant is not
entitled to exercise his or her entire Option at the date of such termination, the Shares covered
by the unexercisable portion of the Option will revert to the Plan, unless otherwise set forth in
the Award Agreement or determined by the Committee. The Committee may determine in its sole
discretion that such unexercisable portion of the Option will become exercisable at such times and
on such terms as the Committee may determine in its sole discretion. If the Participant does not
exercise an Option within the time specified after termination, that Option will expire, and the
Shares covered by it will revert to the Plan, except as otherwise determined by the Committee.

ARTICLE VI

STOCK APPRECIATION RIGHTS

     6.1 Grant and Exercise. The Committee may provide Stock Appreciation Rights either
alone or in addition to other Awards upon such terms and conditions as the Committee may establish
in its sole discretion.

     6.2 Terms and Conditions. Stock Appreciation Rights shall be subject to such terms
and conditions, not inconsistent with the provisions of the Plan, as shall be determined from time
to time by the Committee, including the following:

          (a) Upon the exercise of a Stock Appreciation Right, the holder shall have the right to
receive the excess of (i) the Fair Market Value of one Share on the date of exercise or such other
amount as the Committee shall so determine at any time during a specified period before the date of
exercise over (ii) the grant price of the right on the date of grant, which, except in the case of
Substitute Awards or in connection with an adjustment provided in Section 12.2, shall not be less
than the Fair Market Value of one Share on such date of grant of the right.

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          (b) Upon the exercise of a Stock Appreciation Right, payment shall be made in whole Shares or
cash as determined by the Committee.

          (c) The provisions of Stock Appreciation Rights need not be the same with respect to each
recipient.

          (d) The Committee may impose such other conditions or restrictions on the terms of exercise
and the exercise price of any Stock Appreciation Right, as it shall deem appropriate. In
connection with the foregoing, the Committee shall consider the applicability and effect of Section
162(m) of the Code. Notwithstanding the foregoing provisions of this Section 6.2, but subject to
Section 12.2, a Stock Appreciation Right shall not have (i) an exercise price less than Fair Market
Value on the date of grant, or (ii) a term of greater than ten years. In addition to the
foregoing, but subject to Section 12.2, the base amount of any Stock Appreciation Right shall not
be reduced after the date of grant.

     6.3 Termination of Employment or Consulting Relationship or Directorship. If a
Participant holds exercisable Stock Appreciation Rights on the date his or her Continuous Status as
an Employee, Director or Consultant terminates (other than because of termination due to Cause, but
including death or Disability), the Participant may exercise the Stock Appreciation Rights that
were vested and exercisable as of the date of termination until the end of the original term or for
the period set forth in the Award Agreement or determined by the Committee, whichever is earlier.
If the Participant is not entitled to exercise his or her entire Stock Appreciation Right at the
date of such termination, the Shares covered by the unexercisable portion of the Stock Appreciation
Right will revert to the Plan, unless otherwise set forth in the Award Agreement or determined by
the Committee. The Committee may determine in its sole discretion that such unexercisable portion
of the Stock Appreciation Right will become exercisable at such times and on such terms as the
Committee may determine in its sole discretion. If the Participant does not exercise a Stock
Appreciation Right within the time specified after termination, that Stock Appreciation Right will
expire, and the Shares covered by it will revert to the Plan, except as otherwise determined by the
Committee.

ARTICLE VII

RESTRICTED STOCK AWARDS

     7.1 Grants. Awards of Restricted Stock may be issued hereunder to Participants either
alone or in addition to other Awards granted under the Plan (a “Restricted Stock Award”). A
Restricted Stock Award shall be subject to restrictions imposed by the Committee covering a period
of time specified by the Committee (the “Restricted Period”); provided, however, that, in the case
of Restricted Stock as to which restrictions lapse based solely on the recipient’s Continuous
Status as an Employee, Director, or Consultant, the Restricted Period over which the restrictions
may fully lapse shall not be less than three years, but the restrictions may lapse ratably over
such Restricted Period. At the Committee’s sole and absolute discretion, the three year
restriction in the preceding sentence shall not be applicable to Restricted Stock Award grants of
up to 10% of the number of Shares authorized for Awards under Section 3.1(a) of the Plan (for this
purpose, the 10% limit shall be computed by taking into account grants under Sections 8 and 9 of
the Plan that are subject to the 10% limit). The provisions of Restricted Stock Awards need not be
the same with respect to each recipient. The Committee has absolute discretion to determine
whether any consideration (other than services) is to be received by the Company or any Affiliate
as a condition precedent to the issuance of Restricted Stock.

     7.2 Award Agreements. The terms of any Restricted Stock Award granted under the Plan
shall be set forth in a written Award Agreement which shall contain provisions determined by the
Committee and not inconsistent with the Plan.

     7.3 Rights of Holders of Restricted Stock. Except as otherwise provided in the Award
Agreement, beginning on the date of grant of the Restricted Stock Award and subject to execution of
the Award Agreement, the Participant shall become a shareholder of the Company with respect to all
Shares subject to the Award Agreement and shall have all of the rights of a shareholder, including
the right to vote such Shares and the right to receive distributions made with respect to such
Shares; provided, however that the Award Agreement may provide that any Shares or any other
property (including cash) distributed as a dividend or otherwise with

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respect to any Restricted Shares as to which the restrictions have not yet lapsed shall be
subject to the same restrictions as such Restricted Shares.

ARTICLE VIII

OTHER STOCK UNIT AWARDS

     8.1 Other Stock Unit Awards. Other Awards of Shares and other Awards that are valued
in whole or in part by reference to, or are otherwise based on, Shares or other property (“Other
Stock Unit Awards”) may be granted hereunder to Participants, either alone or in addition to other
Awards granted under the Plan, and such Other Stock Unit Awards shall also be available as a form
of payment in the settlement of other Awards granted under the Plan. Other Stock Unit Awards shall
be paid in Shares or cash. Subject to the provisions of the Plan, the Committee shall have sole
and complete authority to determine the Employees, Consultants and Directors to whom and the time
or times at which such Other Stock Unit Awards shall be made, the number of Shares to be granted
pursuant to such Awards, and all other conditions of the Awards; provided, however, that if the
vesting of an Other Stock Unit Award is based solely on the recipient’s Continuous Status as an
Employee, Director, or Consultant, the period over which such Other Stock Unit Award fully vests
shall not be less than three years, but vesting may occur ratably over such vesting period. At the
Committee’s sole and absolute discretion, the three year restriction in the preceding sentence
shall not be applicable to Other Stock Unit Award grants of up to 10% of the number of Shares
authorized for Awards under Section 3.1(a) of the Plan (for this purpose, the 10% limit shall be
computed by taking into account grants under Sections 7 and 9 of the Plan that are subject to the
10% limit). The provisions of Other Stock Unit Awards need not be the same with respect to each
recipient.

     8.2 Terms and Conditions. Shares (including securities convertible into Shares)
subject to Awards granted under this Article 8 may be issued for no consideration or for such
minimum consideration as may be required by Applicable Law. Shares (including securities
convertible into Shares) purchased pursuant to a purchase right awarded under this Article 8 shall
be purchased for such consideration as the Committee shall determine in its sole discretion.

ARTICLE IX

PERFORMANCE AWARDS

     9.1 Terms of Performance Awards. Performance Awards may be issued hereunder to
Participants, for no consideration or for such minimum consideration as may be required by
Applicable Law, either alone or in addition to other Awards granted under the Plan. The
performance criteria to be achieved during any Performance Period and the length of the Performance
Period shall be determined by the Committee upon the grant of each Performance Award; provided,
however, that a Performance Period shall not be shorter than one year nor longer than five years.
At the Committee’s sole and absolute discretion, the restrictions set forth in the preceding
sentence shall not be applicable to grants of up to 10% of the number of Shares authorized for
Awards under Section 3.1(a) of the Plan (for this purpose, the 10% limit shall be computed by
taking into account grants under Sections 7 and 8 of the Plan that are subject to the 10% limit).
Except as provided in Article 11 or as may be provided in an Award Agreement, Performance Awards
will be distributed only after the end of the relevant Performance Period. Performance Awards may
be paid in cash, Shares, other property, or any combination thereof, in the sole discretion of the
Committee at the time of payment. The performance goals to be achieved for each Performance Period
shall be conclusively determined by the Committee and may be based upon the criteria set forth in
Section 10.2. The amount of the Award to be distributed shall be conclusively determined by the
Committee. The terms of a Performance Award may provide that it will be paid in a lump sum or in
installments following the close of the Performance Period.

ARTICLE X

CODE SECTION 162(m) PROVISIONS

     10.1 Covered Employees. Notwithstanding any other provision of the Plan, if the
Committee determines at the time Restricted Stock, a Performance Award or an Other Stock Unit Award
is granted to a Participant who is, or may be, as of the end of the tax year in which the Company
would claim a tax deduction

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in connection with such Award, a Covered Employee, and that the deduction limit of Section
162(m) of the Code might apply to such Award, then the Committee may provide that this Article 10
is applicable to such Award.

     10.2 Performance Criteria. If Restricted Stock, a Performance Award or an Other Stock
Unit Award is subject to this Article 10, then the lapsing of restrictions thereon and the
distribution of cash, Shares or other property pursuant thereto, as applicable, shall be subject to
the achievement of one or more objective performance goals established by the Committee, which
shall be based on the attainment of specified levels, or growth, of one or any combination of the
following factors, or an objective formula that is determined at the time of the Award that is
based on modified or unmodified calculations of one or any combination of the following factors:
net sales; pretax income before or after allocation of corporate overhead and bonus; earnings per
share; net income; division, group or corporate financial goals; return on stockholders’ equity;
return on assets; attainment of strategic and operational initiatives; appreciation in and/or
maintenance of the price of the Shares or any other publicly-traded securities of the Company;
market share; gross profits; earnings before taxes; earnings before interest and taxes; earnings
before interest, taxes, depreciation and amortization (“EBITDA”); an adjusted formula of EBITDA
determined by the Committee; economic value-added models; comparisons with various stock market
indices; reductions in costs, and/or return on invested capital of the Company or any Affiliate,
division or business unit of the Company for or within which the Participant is primarily employed.
Such performance goals also may be based solely by reference to the Company’s performance or the
performance of an Affiliate, division or business unit of the Company, or based upon the relative
performance of other companies or upon comparisons of any of the indicators of performance relative
to other companies. Unless the Committee specifies otherwise when it sets the performance goals
for an award, objective adjustments shall be made to any of the foregoing measures for items that
will not properly reflect the Company’s financial performance for these purposes, such as the
write-off of debt issuance costs, pre-opening and development costs, gain or loss from asset
dispositions, asset or other impairment charges, litigation settlement costs, and other non-routine
items that the Committee foresees may occur during the Performance Period. Also, unless the
Committee determines otherwise in setting the performance goals for an Award, such performance
goals shall be applied by excluding the impact of (a) restructurings, discontinued operations and
charges for extraordinary items, (b) an event either not directly related to the operations of the
Company or not within the reasonable control of the Company’s management, or (c) a change in
accounting standards required by generally accepted accounting principles. Such performance goals
shall be set by the Committee within the time period prescribed by, and shall otherwise comply with
the requirements of, Section 162(m) of the Code, or any successor provision thereto, and the
regulations thereunder.

     10.3 Adjustments. Notwithstanding any provision of the Plan (other than Article 11),
with respect to any Restricted Stock, Performance Award or Other Stock Unit Award that is subject
to this Article 10, the Committee may adjust downward, but not upward, the amount payable pursuant
to such Award, and the Committee may not waive the achievement of the applicable performance goals,
except in the case of the death or Disability of the Participant or the occurrence of a Change of
Control.

     10.4 Determination of Performance. Prior to the vesting, payment, settlement or
lapsing of any restrictions with respect to any Restricted Stock, Performance Award or Other Stock
Unit Award that is subject to this Article 10, the Committee shall certify in writing that the
applicable performance goals have been achieved to the extent necessary for such Award to qualify
as “performance based compensation” within the meaning of Section 162(m)(4)(C) of the Code.

     10.5 Restrictions. The Committee shall have the power to impose such other
restrictions on Awards subject to this Article 10 as it may deem necessary or appropriate to ensure
that such Awards satisfy all requirements for “performance-based compensation” within the meaning
of Section 162(m)(4)(C) of the Code, or which are not inconsistent with such requirements. To the
extent the terms of an Award subject to this Article 10 are inconsistent with the requirements set
forth herein, such inconsistent terms shall be deemed amended to comply with Section 162(m) of the
Code in the manner is most consistent with the pre-amendment terms.

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ARTICLE XI

CHANGE OF CONTROL PROVISIONS

     11.1 Impact of Change of Control. The terms of any Award may provide in the Award
Agreement evidencing the Award, or the Committee may determine in its discretion, that, upon a
Change of Control of the Company, (a) Options and Stock Appreciation Rights outstanding as of the
date of the Change of Control immediately vest and become exercisable in full or in part, (b)
restrictions and deferral limitations on Restricted Stock lapse and the Restricted Stock becomes
free of some or all restrictions and limitations and becomes partially or fully vested, (c)
Performance Awards shall be considered to be earned and payable (either in full or pro-rata based
on the portion of Performance Period completed as of the date of the Change of Control), and any
deferral or other restriction shall lapse and such Performance Awards shall be immediately settled
or distributed, (d) the restrictions and deferral limitations and other conditions applicable to
any Other Stock Unit Awards or any other Awards shall lapse in full or in part, and such Other
Stock Unit Awards or such other Awards shall become free of some or all restrictions, limitations
or conditions and become partially or fully vested and transferable, and (e) such other additional
benefits, changes or adjustments as the Committee deems appropriate shall apply, subject in each
case to any terms and conditions contained in the Award Agreement evidencing such Award.
Notwithstanding any other provision of the Plan, the Committee, in its discretion, may determine
that, upon the occurrence of a Change of Control of the Company, (a) each Option and Stock
Appreciation Right shall remain exercisable for only a limited period of time determined by the
Committee (provided that they remain exercisable for at least 30 days after notice of such action
is given to the Participants), or (b) each Option and Stock Appreciation Right outstanding shall
terminate within a specified number of days after notice to the Participant, and such Participant
shall receive, with respect to each Share subject to such Option or Stock Appreciation Right, an
amount equal to the excess of the Fair Market Value of such Share immediately prior to the
occurrence of such Change of Control over the exercise price per share of such Option and/or Stock
Appreciation Right; such amount to be payable in cash, in one or more kinds of stock or property
(including the stock or property, if any, payable in the transaction) or in a combination thereof,
as the Committee, in its discretion, shall determine. Notwithstanding the foregoing and the
provisions of Section 11.2, the Committee will take no action that would subject any Participant to
a penalty tax under Section 409A of the Code.

     11.2 Assumption Upon Change of Control. The terms of any Award Agreement may also
provide that, if in the event of a Change of Control the successor company assumes or substitutes
for an Option, Stock Appreciation Right, Share of Restricted Stock or Other Stock Unit Award, then
each outstanding Option, Stock Appreciation Right, Share of Restricted Stock or Other Stock Unit
Award shall not be accelerated as described in Sections 11.1(a), (b) and (d). For the purposes of
this Section 11.2, an Option, Stock Appreciation Right, Share of Restricted Stock or Other Stock
Unit Award shall be considered assumed or substituted for if following the Change of Control the
award confers the right to purchase or receive, for each Share subject to the Option, Stock
Appreciation Right, Restricted Stock Award or Other Stock Unit Award immediately prior to the
Change of Control, the consideration (whether stock, cash or other securities or property) received
in the transaction constituting a Change of Control by holders of Shares for each Share held on the
effective date of such transaction (and if holders were offered a choice of consideration, the type
of consideration chosen by the holders of a majority of the outstanding shares); provided, however,
that if such consideration received in the transaction constituting a Change of Control is not
solely common stock of the successor company, the Committee may, with the consent of the successor
company, provide that the consideration to be received upon the exercise or vesting of an Option,
Stock Appreciation Right, Restricted Stock Award or Other Stock Unit Award, for each Share subject
thereto, will be solely common stock of the successor company substantially equal in fair market
value to the per share consideration received by holders of Shares in the transaction constituting
a Change of Control. The determination of such substantial equality of value of consideration
shall be made by the Committee in its sole discretion and its determination shall be conclusive and
binding. Any assumption or substitution of an Incentive Stock Option will be made in a manner that
will not be considered a “modification” under the provisions of Section 424(h)(3) of the Code.
Notwithstanding the foregoing, an Award Agreement may provide that, in the event of a termination
of a Participant’s employment in such successor company within a specified time period following
such Change of Control, all or part of any such Award held by such Participant at the time of the
Change of Control shall be accelerated as described in Sections 11.1(a), (b) and (d) above.

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ARTICLE XII

GENERALLY APPLICABLE PROVISIONS

     12.1 Amendment and Modification of the Plan. The Board may, from time to time, alter,
amend, suspend or terminate the Plan as it shall deem advisable, subject to any requirement for
stockholder approval imposed by Applicable Law; provided that the Board may not amend the Plan in
any manner that would result in noncompliance with Rule 16b-3 of the Exchange Act; and further
provided that the Board may not, without the approval of the Company’s stockholders, amend the Plan
to (a) increase the number of Shares that may be the subject of Awards under the Plan (except for
adjustments pursuant to Section 12.2), (b) expand the types of awards available under the Plan, (c)
materially expand the class of persons eligible to participate in the Plan, (d) amend any provision
of Section 5.3, (e) increase the maximum permissible term of any Option specified by Section 5.4,
or (f) amend any provision of Section 3.2. In addition, no amendments to, or termination of, the
Plan (other than by reason of the failure of stockholders to approve the Plan in the manner set
forth in Section 13.12) shall in any way impair the rights of a Participant under any Award
previously granted without such Participant’s consent.

     12.2 Adjustments. In the event of any merger, reorganization, consolidation,
recapitalization, dividend or distribution (whether in cash, shares or other property), stock
split, reverse stock split, spin-off or similar transaction or other change in corporate structure
affecting the Shares or the value thereof, such adjustments and other substitutions shall be made
to the Plan and to Awards as the Committee, in its sole discretion, deems equitable or appropriate,
including such adjustments in the aggregate number, class and kind of securities that may be
delivered under the Plan and, in the aggregate or to any one Participant, in the number, class,
kind and option or exercise price of securities subject to outstanding Awards granted under the
Plan (including, if the Committee deems appropriate, the substitution of similar options to
purchase the shares of, or other awards denominated in the shares of, another company) as the
Committee may determine to be appropriate in its sole discretion; provided, however, that the
number of Shares subject to any Award shall always be a whole number. Where an adjustment under
this Section 12.2 is made to an Incentive Stock Option, the adjustment will be made in a manner
which will not be considered a “modification” under the provisions of Sections 409A or 424(h)(3) of
the Code.

     12.3 Transferability of Awards. Except as provided below, no Award, and no Shares
subject to Awards that have not been issued or as to which any applicable restriction, performance
or deferral period has not lapsed, may be sold, assigned, transferred, pledged or otherwise
encumbered, other than by will or the laws of descent and distribution, and such Award may be
exercised during the life of the Participant only by the Participant or the Participant’s guardian
or legal representative. Notwithstanding the foregoing, to the extent that the Committee so
authorizes in the Award Agreement or otherwise, an Award other than an Incentive Stock Option may
be assigned, in whole or in part, during the Participant’s lifetime to one or more Family Members
of the Participant. Rights under the assigned portion may be exercised by the Family Member(s) who
acquire a proprietary interest in such Award pursuant to the assignment. The terms applicable to
the assigned portion shall be the same as those in effect for the Award immediately before such
assignment and shall be set forth in such documents issued to the assignee as the Committee deems
appropriate.

          (a) Designation of Beneficiary. A Participant may file a written designation of a
beneficiary who is to receive any Awards that remain unexercised in the event of the Participant’s
death. If a Participant is married and the designated beneficiary is not the spouse, spousal
consent will be required for the designation to be effective. The Participant may change such
designation of beneficiary at any time by written notice to the Committee, subject to the above
spousal consent requirement.

          (b) Effect of No Designation. If a Participant dies and there is no beneficiary
validly designated and living at the time of the Participant’s death, the Company will deliver such
Participant’s Awards to the executor or administrator of his or her estate, or if no such executor
or administrator has been appointed (to the knowledge of the Company), the Company, in its
discretion, may deliver such Awards to the spouse or to any one or more dependents or relatives of
the Participant, or if no spouse, dependent or relative is known to the Company, then to such other
person as the Company may designate.

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          (c) Death of Spouse or Dissolution of Marriage. If a Participant designates his or
her spouse as beneficiary, that designation will be deemed automatically revoked if the
Participant’s marriage is later dissolved. Similarly, any designation of a beneficiary will be
deemed automatically revoked upon the death of the beneficiary if the beneficiary predeceases the
Participant. Without limiting the generality of the preceding sentence, the interest in Awards of
a spouse of a Participant who has predeceased the Participant or whose marriage has been dissolved
will automatically pass to the Participant, and will not be transferable by such spouse in any
manner, including but not limited to such spouse’s will, nor will any such interest pass under the
laws of intestate succession.

     12.4 Termination of Employment. The Committee shall determine and set forth in each
Award Agreement whether any Awards granted in such Award Agreement will continue to be exercisable,
and the terms of such exercise, on and after the date that a Participant’s Continuous Status as an
Employee, Director, or Consultant ceases, whether by reason of death, disability, voluntary or
involuntary termination of employment or services, or otherwise. The date of termination of a
Participant’s Continuous Status as an Employee, Director or Consultant will be determined by the
Committee, which determination will be final.

     12.5 Dividend Equivalents. Subject to the provisions of the Plan and any Award
Agreement, the recipient of an Award (including any deferred Award) may, if so determined by the
Committee, be entitled to receive, currently or on a deferred basis, cash, stock or other property
dividends, or cash payments in amounts equivalent to stock or other property dividends on Shares
(“Dividend Equivalents”) with respect to the number of Shares covered by the Award, as determined
by the Committee, in its sole discretion, and the Committee may provide that such amounts (if any)
shall be deemed to have been reinvested in additional Shares or otherwise reinvested.
Notwithstanding the foregoing, Dividend Equivalents credited in connection with Awards subject to
Section 10 of the Plan shall be subject to the same restrictions and risks of forfeiture as the
Awards with respect to which such Dividend Equivalents have been credited.

ARTICLE XIII

MISCELLANEOUS

     13.1 Tax Withholding. The Company shall have the right to make all payments or
distributions pursuant to the Plan to a Participant (or to the Participant’s executors,
administrators, guardian, beneficiary, or legal representative, or Family Members) (any such
person, a “Payee”) net of any applicable Federal, State and local taxes required to be paid or
withheld as a result of (a) the grant of any Award, (b) the exercise of an Option or Stock
Appreciation Rights, (c) the delivery of Shares or cash, (d) the lapse of any restrictions in
connection with any Award, or (e) any other event occurring pursuant to the Plan. The Company or
any Affiliate shall have the right to withhold from wages or other amounts otherwise payable to
such Payee such withholding taxes as may be required by law, or to otherwise require the Payee to
pay such withholding taxes. If the Payee shall fail to make such tax payments as are required, the
Company or its Affiliates shall, to the extent permitted by law, have the right to deduct any such
taxes from any payment of any kind otherwise due to such Payee or to take such other action as may
be necessary to satisfy such withholding obligations. The Committee shall be authorized to
establish procedures for election by Participants to satisfy such obligation for the payment of
such taxes by tendering previously acquired Shares (either actually or by attestation, valued at
their then Fair Market Value) that have been owned for a period of at least six months (or such
other period to avoid accounting charges against the Company’s earnings), or by directing the
Company to retain Shares (up to the employee’s minimum required tax withholding rate) otherwise
deliverable in connection with the Award. If Shares acquired upon exercise of any Incentive Stock
Option are disposed of in a disposition that, under Section 422 of the Code, disqualifies the
holder from the application of Section 421(a) of the Code, the holder of the Shares immediately
before the disposition will comply with any requirements imposed by the Company in order to enable
the Company to secure the related income tax deduction to which it is entitled in such event.

     13.2 Right of Discharge Reserved; Claims to Awards. Nothing in the Plan nor the grant
of an Award hereunder shall confer upon any Employee, Consultant or Director the right to continue
in the employment or service of the Company or any Affiliate or affect any right that the Company
or any Affiliate may have to terminate the employment or service of (or to demote or to exclude
from future Awards under the Plan) any

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such Employee, Consultant or Director at any time for any reason. The Company shall not be
liable for the loss of existing or potential profit from an Award granted in the event of
termination of an employment or other relationship. No Employee or Participant shall have any
claim to be granted any Award under the Plan, and there is no obligation for uniformity of
treatment of Employees or Participants under the Plan.

     13.3 Prospective Recipient. The prospective recipient of any Award under the Plan
shall not, with respect to such Award, be deemed to have become a Participant, or to have any
rights with respect to such Award, until and unless such recipient shall have executed an agreement
or other instrument evidencing the Award and delivered a copy thereof to the Company, and otherwise
complied with the then applicable terms and conditions.

     13.4 Cancellation of Award. Notwithstanding anything to the contrary contained
herein, all outstanding Awards granted to any Participant may be canceled in the discretion of the
Committee if the Participant’s Continuous Status as an Employee, Director or Consultant is
terminated for Cause, or if, after the termination of the Participant’s Continuous Status as an
Employee, Director, or Consultant, the Committee determines that Cause existed before such
termination.

     13.5 Stop Transfer Orders. All certificates for Shares delivered under the Plan
pursuant to any Award shall be subject to such stop-transfer orders and other restrictions as the
Committee may deem advisable under the provisions of this Plan, the rules, regulations and other
requirements of the Securities and Exchange Commission, any stock exchange upon which the Shares
are then listed, and any applicable federal or state securities law, and the Committee may cause a
legend or legends to be put on any such certificates to make appropriate reference to such
restrictions.

     13.6 Nature of Payments. All Awards made pursuant to the Plan are in consideration of
services performed or to be performed for the Company or any Affiliate, division or business unit
of the Company. Any income or gain realized pursuant to Awards under the Plan and any Stock
Appreciation Rights constitute a special incentive payment to the Participant and shall not be
taken into account, to the extent permissible under Applicable Law, as compensation for purposes of
any of the employee benefit plans of the Company or any Affiliate except as may be determined by
the Committee or by the Board or board of directors of the applicable Affiliate.

     13.7 Other Plans. Nothing contained in the Plan shall prevent the Board from adopting
other or additional compensation arrangements, subject to stockholder approval if such approval is
required; and such arrangements may be either generally applicable or applicable only in specific
cases.

     13.8 Severability. If any provision of the Plan shall be held unlawful or otherwise
invalid or unenforceable in whole or in part by a court of competent jurisdiction, such provision
shall (a) be deemed limited to the extent that such court of competent jurisdiction deems it
lawful, valid and/or enforceable and as so limited shall remain in full force and effect, and (b)
not affect any other provision of the Plan or part thereof, each of which shall remain in full
force and effect. If the making of any payment or the provision of any other benefit required
under the Plan shall be held unlawful or otherwise invalid or unenforceable by a court of competent
jurisdiction, such unlawfulness, invalidity or unenforceability shall not prevent any other payment
or benefit from being made or provided under the Plan, and if the making of any payment in full or
the provision of any other benefit required under the Plan in full would be unlawful or otherwise
invalid or unenforceable, then such unlawfulness, invalidity or unenforceability shall not prevent
such payment or benefit from being made or provided in part, to the extent that it would not be
unlawful, invalid or unenforceable, and the maximum payment or benefit that would not be unlawful,
invalid or unenforceable shall be made or provided under the Plan.

     13.9 Construction. All references in the Plan to “Section,” “Sections,” or “Article”
are intended to refer to the Section, Sections or Article, as the case may be, of the Plan. As
used in the Plan, the words “include” and “including,” and variations thereof, shall not be deemed
to be terms of limitation, but rather shall be deemed to be followed by the words “without
limitation.”

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     13.10 Unfunded Status of the Plan. The Plan is intended to constitute an “unfunded”
plan for incentive and deferred compensation. With respect to any payments not yet made to a
Participant by the Company, nothing contained herein shall give any such Participant any rights
that are greater than those of a general creditor of the Company. In its sole discretion, the
Committee may authorize the creation of trusts or other arrangements to meet the obligations
created under the Plan to deliver the Shares or payments in lieu of or with respect to Awards
hereunder; provided, however, that the existence of such trusts or other arrangements is consistent
with the unfunded status of the Plan.

     13.11 Governing Law. The Plan and all determinations made and actions taken
thereunder, to the extent not otherwise governed by the Code or the laws of the United States,
shall be governed by the laws of the State of Delaware and construed accordingly.

     13.12 Effective Date of Plan; Termination of Plan. The Plan shall be effective as of
April 26, 2011, subject to the approval of the Plan, within 12 months thereafter, by affirmative
votes representing a majority of the votes cast under Applicable Laws at a duly constituted meeting
of the stockholders of the Company. Notwithstanding any other provision of the Plan to the
contrary, if stockholders of the Company do not approve the Plan, the Plan shall be void and null
ab initio and the Original Plan shall continue in full force and effect. If the stockholders of
the Company do not approve the Plan in the manner set forth herein, all Awards granted under the
Plan shall be subject to the terms of the Original Plan. If the Company’s stockholders approve the
Plan as set forth above, Awards may be granted under the Plan at any time and from time to time on
or prior to the tenth anniversary of the effective date of the Plan (unless the Board sooner
suspends or terminates the Plan under Section 12.1), on which date the Plan will expire except as
to Awards then outstanding under the Plan (which Awards shall remain in effect until they have been
exercised or terminated, or have expired). Assuming approval by the stockholders of the Plan and
notwithstanding the foregoing, unless affirmative votes representing a majority of the votes cast
under Applicable Laws approve the continuation of Article 10 at the first duly constituted meeting
of the stockholders of the Company that occurs in the fifth year following the effective date of
the Plan, no Awards other than Options or Stock Appreciation Rights, or Restricted Stock that is
not intended to satisfy the requirements of Article 10, shall be made to Covered Employees
following the date of such meeting.

     13.13 Foreign Employees. Awards may be granted to Participants who are foreign
nationals or employed outside the United States, or both, on such terms and conditions different
from those applicable to Awards to Employees employed in the United States as may, in the judgment
of the Committee, be necessary or desirable in order to recognize differences in local law or tax
policy. The Committee also may impose conditions on the exercise or vesting of Awards in order to
minimize the Company’s obligation with respect to tax equalization for Employees on assignments
outside their home country.

     13.14 Prior Plans. Upon approval of the Original Plan by the Company’s stockholders
on June 19, 2007, the Prior Plans were automatically cancelled, effective as of April 24, 2007 (the
effective date of the Original Plan), and no further grants or awards could thereafter be made
under the Prior Plans. Grants and awards made under the Prior Plans before the date of such
cancellation, however, shall continue in effect in accordance with their terms.

     13.15 Other Company Compensation Plans. Shares available for Awards under the Plan
may be used by the Company as a form of payment of compensation under other Company compensation
plans, whether or not existing on the date hereof. To the extent any Shares are used as such by
the Company, such Shares will reduce the then number of Shares available under Article 3 of the
Plan for future Awards.

     13.16 Captions. The captions in the Plan are for convenience of reference only, and
are not intended to narrow, limit or affect the substance or interpretation of the provisions
contained herein.

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