Document:

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                                 EXHIBIT 4C
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                             ACUSON CORPORATION
                      1995 EMPLOYEE STOCK PURCHASE PLAN

             Adopted by the Board of Directors on March 1, 1995
                  Approved by stockholders on May 31, 1995
           Amended by the Board of Directors on February 19, 1999
             Amended by the Board of Directors on March 9, 2000

     The following constitute the provisions of the 1995 Employee Stock Purchase
Plan of Acuson Corporation.

     1.   Purpose. The purpose of the Plan is to provide employees of the
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Company and its Designated Subsidiaries with an opportunity to purchase Common
Stock of the Company through accumulated payroll deductions. The Company, by
means of the Plan, seeks to retain the services of its employees, to secure and
retain the services of new employees, and to provide incentives for such persons
to exert maximum efforts for the success of the Company by providing eligible
employees with an opportunity to participate as shareholders in the Company's
future growth. It is the intention of the Company to have the Plan qualify as an
"Employee Stock Purchase Plan" under Section 423 of the Code. Accordingly, the
provisions of the Plan, and the discretion granted to the Plan Administrator
hereunder shall be construed so as to extend and limit participation in a manner
consistent with the requirements of that section of the Code.

     2.   Definitions.
          -----------

          (a)  "Applicable Discount" shall mean, with respect to any given
                -------------------
Purchase Period, the discount fixed by the Plan Administrator pursuant to
paragraph 4(b) with respect to such Purchase Period, which discount shall be no
less than 0% and no more than 15% (in whole percentages).

          (b)  "Board" shall mean the Board of Directors of the Company.
                -----

          (c)  "Code" shall mean the Internal Revenue Code of 1986, as amended.
                ----

          (d)  "Common Stock" shall mean the common stock, par value $.0001 per
                ------------
share, of the

          (e)  "Company" shall mean Acuson Corporation, a Delaware corporation.
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          (f)  "Compensation" shall mean, with respect to any given Purchase
                ------------
Period, the components of each Participant's total compensation that

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will be treated as compensation for purposes of the Plan during such Purchase
Period as determined by the Plan Administrator pursuant to paragraph 4(b).

          (g)  "Designated Subsidiaries" shall mean the Subsidiaries which have
                -----------------------
been designated by the Plan Administrator from time to time in its sole
discretion as eligible to participate in the Plan.

          (h)  "Employee" shall mean any individual who is regularly engaged in
                --------
the rendition of personal services to the Company or a Designated Subsidiary for
earnings considered wages under Section 3121(a) of the Code. For purposes of the
Plan, the employment relationship shall be treated as continuing intact while
the individual is on sick leave or other leave of absence approved by the
Company. Where the period of leave exceeds 90 days and the individual's right to
reemployment is not guaranteed either by statute or by contract, the employment
relationship will be deemed to have terminated on the 91st day of such leave.

          (i)  "Enrollment Date" shall mean the first day of each Purchase
                ---------------
Period.

          (j)  "Exchange Act" shall mean the Securities Exchange Act of 1934, as
                ------------
amended.

          (k)  "Exercise Date" shall mean, with respect to any given Purchase
                -------------
Period, the date or dates fixed by the Plan Administrator with respect to such
Purchase Period pursuant to paragraph 4(b).

          (l)  "Fair Market Value" shall mean, as of any date, the value of
                -----------------
Common Stock determined as follows:

               (1)  If the Common Stock is listed on any established stock
exchange or a national market system, including without limitation the National
Market System of the National Association of Securities Dealers, Inc. Automated
Quotation ("NASDAQ") System, its Fair Market Value shall be the closing sales
price for such stock (or the closing bid, if no sales were reported), as quoted
on such exchange (or the exchange with the greatest volume of trading in the
Common Stock) or system on the day of such determination, if such day is a
Trading Day, or the previous Trading Day, if such day is not a Trading Day, as
reported in The Wall Street Journal or such other source as the Board deems
            -----------------------
reliable; or

               (2)  If the Common Stock is quoted on the NASDAQ system (but not
on the National Market system thereof) or is regularly quoted by a recognized
securities dealer but selling prices are not reported, its Fair Market Value
shall be the mean between the high and low asked prices for the Common Stock on
the day of such determination, if such day is a Trading Day, or the previous
Trading Day, if such day is not a Trading Day, as reported in The Wall Street
                                                              ---------------
Journal or such other source as the Board deems reliable; or
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               (3)  In the absence of an established market for the Common
Stock, the Fair Market Value thereof shall be determined in good faith by the
Board.

          (m)  "Participant" means an eligible Employee of the Company or
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Designated Subsidiary who is actively participating in the Plan.

          (n)  "Plan" shall mean this Employee Stock Purchase Plan.
                ----

          (o)  "Plan Administrator" shall mean either the Board or a committee
                ------------------
of the Board that is responsible for the administration of the Plan.

          (p)  "Purchase Period" shall mean a purchase period established by the
                ---------------
Plan Administrator pursuant to paragraph 4 hereof.

          (q)  "Purchase Price" shall mean, with respect to any given Exercise
                --------------
Date, the amount determined by applying the Applicable Discount to the lower of
(i) the Fair Market Value of the Common Stock as of such Exercise Date and (ii)
the Fair Market Value of the Common Stock as of the first date of the Purchase
Period in which such Exercise Date falls; provided, however, that the Plan
Administrator may, in its discretion, determine that the Purchase Price for all
Exercise Dates within a given Purchase Period shall be the amount determined by
applying the Applicable Discount to the Fair Market Value of the Common Stock as
of the first date of such Purchase Period, but only if the Plan Administrator
does so upon establishing such Purchase Period.

          (r)  "Replacement Purchase Period" shall mean a replacement purchase
                ---------------------------
period established pursuant to paragraph 4(e) hereof.

          (s)  "Reserves" shall mean the number of shares of Common Stock
                --------
covered by all purchase rights granted under the Plan which have not yet been
exercised and the number of shares of Common Stock which have been authorized
for issuance under the Plan but as to which purchase rights have not yet been
granted (or as to which purchase rights have previously been granted but have
expired unexercised).

          (t)  "Subsidiary" shall mean a corporation, domestic or foreign, of
                ----------
which not less than 50% of the voting shares are held by the Company or a
Subsidiary, whether or not such corporation now exists or is hereafter organized
or acquired by the Company or a Subsidiary, except that as used in paragraph
18(b), "Subsidiary" shall have the meaning set forth in paragraph 18(c).

          (u)  "Trading Day" shall mean a day on which The New York Stock
                -----------
Exchange is open for trading.

     3.   Eligibility.
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          (a)  Any Employee who has been continuously employed by the Company
prior to the applicable Enrollment Date for such minimum period of time (not to
exceed two years), if any, as the Plan Administrator may require and who is
employed by the Company on such Enrollment Date shall be eligible to participate
in the Plan for the Purchase Period commencing with such Enrollment Date.
Members of the Board who are eligible Employees are permitted to participate in
the Plan except to the extent limited by paragraph 13(b).

          (b)  Any provisions of the Plan to the contrary notwithstanding, no
Employee shall be granted purchase rights under the Plan (i) if, immediately
after the grant, such Employee (taking into account stock owned by any other
person whose stock would be attributed to such Employee pursuant to Section
424(d) of the Code) would own stock and/or hold outstanding options or rights to
purchase stock possessing five percent (5%) or more of the total combined voting
power or value of all classes of stock of the Company or of any Subsidiary, or
(ii) which permits his/her rights to purchase stock under all employee stock
purchase plans of the Company and its Subsidiaries to accrue at a rate which
exceeds Twenty-Five Thousand Dollars ($25,000) worth of stock (determined at the
Fair Market Value of the shares at the time such purchase right is granted) for
each calendar year in which such purchase right is outstanding at any time. The
determination of the accrual of the right to purchase stock shall be made in
accordance with Section 423(b)(8) of the Code and the regulations thereunder.

          (c)  Notwithstanding paragraph (a) above, the Plan Administrator shall
have the discretion to exclude any one or more of the following categories of
Employees from participation in the Plan: (i) Employees whose customary
employment is 20 hours or less per week; (ii) Employees whose customary
employment is five months or less in any calendar year; (iii) Employees who have
been employed by the Company or any Designated Subsidiary for less than two
years; and (iv) highly compensated Employees (within the meaning of Section
414(q) of the Code).

     4.   Purchase Periods.
          ----------------

          (a)  The Plan shall be implemented by Purchase Periods until such time
as (i) the maximum number of shares of Common Stock available for issuance under
the Plan shall have been purchased or (ii) the Plan shall have terminated in
accordance with paragraph 19 or paragraph 23 hereof. Each Purchase Period shall
be of such duration (not to exceed twenty-seven months per Purchase Period) as
determined by the Plan Administrator upon establishment of such Purchase Period.
Purchase Periods will commence on such dates as may be determined by the Plan
Administrator during the period in which the Plan remains in existence. The Plan
Administrator shall have the discretion to establish overlapping Purchase
Periods.

          (b)  Upon establishing each Purchase Period, the Plan Administrator
shall fix (i) one or more Exercise Dates with respect to such

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Purchase Period, one of which shall be on the last day of such Purchase Period,
(ii) the Applicable Discount with respect to such Purchase Period, (iii) the
Compensation with respect to such Purchase Period and (iv) the maximum number of
shares that may be purchased by any Participant on any Exercise Date during such
Purchase Period (the "Per-Participant Limit"). In addition, the Plan
Administrator may, in its discretion, fix a maximum number of shares of Common
Stock that may be purchased by all Participants in the aggregate during such
Purchase Period and/or on any given Exercise Date therein. Once fixed, the
Exercise Date or Dates, the Applicable Discount, the Compensation, the Per-
Participant Limit and any aggregate share purchase limits with respect to a
given Purchase Period may not be changed, except upon the occurrence of a
Corporate Transaction as provided in paragraph 18(b).

          (c)  A Participant shall be granted a separate purchase right for each
Purchase Period in which he/she participates. The purchase right shall be
granted on the first day of the Purchase Period and shall be automatically
exercised in successive installments on each Exercise Date during the Purchase
Period.

          (d)  If the Plan Administrator establishes overlapping Purchase
Periods, the Plan Administrator may, in its discretion, permit Participants to
participate in more than one Purchase Period at a time.

          (e)  If on the Trading Day following any Exercise Date in a Purchase
Period the Fair Market Value of the Common Stock is less than the Fair Market
Value of the Common Stock on the first day of such Purchase Period (after taking
into account any adjustment during the Purchase Period pursuant to paragraph
18(a)), the Plan Administrator may, in its discretion, provide that the Purchase
Period shall be terminated and that all Participants therein shall be enrolled
in a new Purchase Period, other than any such Participants who are not eligible
to participate in the Plan on that date or who have elected to terminate
participation in the Plan. Any such new Purchase Period (a "Replacement Purchase
Period") shall be established by the Plan Administrator pursuant to paragraph
4(a) and shall commence on the date that such previous Purchase Period is
terminated. The Plan Administrator shall fix one or more Exercise Dates, the
Applicable Discount, the Compensation and the Per-Participant Limit, and may fix
aggregate share purchase limits, pursuant to paragraph 4(b) with respect to such
Replacement Purchase Period.

          (f)  Except as specifically provided herein, the acquisition of Common
Stock through participation in the Plan for any Purchase Period shall neither
limit nor require the acquisition of Common Stock by a Participant in any
subsequent Purchase Period.

     5.   Participation.
          -------------

          (a)  An eligible Employee may become a Participant in the Plan by
completing a subscription agreement authorizing payroll deductions in a form

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designated by the Company and filing it with the Company's payroll office prior
to the Enrollment Date for the Purchase Period in which such participation will
commence in accordance with the filing deadline established by the Company. Such
agreement will remain effective under subsequent Purchase Periods unless and
until such Employee files a new agreement or terminates his/her participation in
the Plan in accordance with paragraph 6(c), provided that such Employee must
file a new subscription agreement to enroll in any Purchase Period that overlaps
with a Purchase Period in which such Employee has previously enrolled.

          (b)  Payroll deductions for a Participant shall commence with the
first payroll following the Enrollment Date and shall end on the last complete
payroll period during the Purchase Period, unless sooner terminated by the
Participant as provided in paragraph 10.

     6.   Payroll Deductions.
          ------------------

          (c) At the time a Participant files his/her subscription agreement,
he/she shall elect to have payroll deductions made on each pay day during the
Purchase Period in an amount from three to fifteen percent (in whole percentages
only) of the Compensation which he/she receives on each such pay day.

          (d)  All payroll deductions made for a Participant shall be credited
to his/her account under the Plan. A Participant may not make any additional
payments into such account.

          (e)  A Participant may discontinue his/her participation in the Plan
as provided in paragraph 10. A Participant's subscription agreement shall remain
in effect for successive Purchase Periods unless and until such Participant
files a new agreement or terminates his/her participation in the Plan as
provided in paragraph 10. The Plan Administrator may, in its discretion, permit
Participants to amend their subscription agreements to increase and/or decrease
the rate of their payroll deductions during any given Purchase Period.

          (f)  Notwithstanding the foregoing, to the extent necessary to comply
with Section 423(b)(8) of the Code and paragraph 3(b) herein, a Participant's
payroll deductions may be decreased to 0% at such time during any Purchase
Period which is scheduled to end during the current calendar year (the "Current
Purchase Period") that the aggregate of all payroll deductions which were
previously used to purchase stock under the Plan in any other Purchase Period
that ended or that will end during that calendar year plus all payroll
deductions accumulated with respect to the Current Purchase Period equal the
maximum amount permitted under Section 423 of the Code. Payroll deductions shall
recommence at the rate provided in such Participant's subscription agreement at
the beginning of the first Purchase Period which is scheduled to end in the
following calendar year, unless terminated by the Participant as provided in
paragraph 10.

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     7.   Grant of Purchase Right. On the first day of each Purchase Period,
          -----------------------
each Participant in such Purchase Period shall be granted the right to purchase
on each Exercise Date of such Purchase Period (at the applicable Purchase Price)
up to a number of shares of Common Stock determined by dividing such
Participant's payroll deductions accumulated prior to such Exercise Date and
retained in the Participant's account as of the Exercise Date by the applicable
Purchase Price; provided that such purchase shall be subject to the limitations
set forth in paragraphs 3(b), 4(b), 6(d), 8(b) and 12(a) hereof. Exercise of the
purchase right shall occur as provided in paragraph 8, unless the Participant
has withdrawn from the Plan pursuant to paragraph 10, and the purchase right, to
the extent not exercised, shall expire on the last day of the Purchase Period.

     8.   Exercise of Purchase Right.
          --------------------------

          (a) Unless a Participant withdraws from the Plan as provided in
paragraph 10 below, his/her right to purchase shares will be exercised
automatically on each Exercise Date, and the maximum number of full shares
subject to such right shall be purchased for such Participant at the applicable
Purchase Price with the accumulated payroll deductions in his/her account. No
fractional shares will be purchased; any payroll deductions accumulated in a
Participant's account which are not sufficient to purchase a full share shall be
carried over to the next Exercise Date under the Plan or returned to the
Participant, provided that, if the next Exercise Date falls within a new
Purchase Period, such payroll deductions shall be carried over to such Exercise
Date only if the Participant participates in such new Purchase Period. Any
amount remaining in a Participant's account at the close of any Exercise Date
caused by anything other than a surplus due to fractional shares (including the
accumulated payroll deductions in any Participant's account as of any Exercise
Date that are in excess of the amount needed to purchase the maximum number of
full shares which may be purchased by such Participant based on the limitations
in paragraphs 3(b), 4(b), 6(d), 8(b) and 12(a) hereof) shall be refunded to the
Participant in cash as soon as practicable and shall not be carried over to the
next Exercise Date. During a Participant's lifetime, a Participant's right to
purchase shares hereunder is exercisable only by him/her.

          (b) If, on a given Exercise Date, the aggregate purchase of shares
upon the exercise in full of all purchase rights would exceed the aggregate
share purchase limit, if any, fixed by the Plan Administrator pursuant to
paragraph 4(b) with respect to the applicable Purchase Period, the Company shall
make a pro-rata allocation of the available shares in as nearly uniform a manner
as shall be practicable and as it shall determine to be equitable.

     9.   Delivery. The Company shall arrange the delivery to each Participant
          --------
of a certificate representing the shares of Common Stock purchased upon exercise
of his/her purchase right based upon instructions provided to the Company by the
Participant from time to time, but subject to paragraph 12(c).

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     10.  Withdrawal; Termination of Employment.
          -------------------------------------

          (a) A Participant may withdraw all but not less than all the payroll
deductions credited to his/her account and not yet used to exercise his/her
purchase right under the Plan at any time by giving written notice to the
Company in a form designated by the Company. All of the Participant's payroll
deductions credited to his/her account will be paid to such Participant as soon
as practicable after receipt of such notice of withdrawal. Upon receipt of such
notice of withdrawal, the Participant's purchase right for the Purchase Period
will be automatically terminated, and no further payroll deductions for the
purchase of shares will be made during the Purchase Period. If a Participant
withdraws from a Purchase Period, payroll deductions will not resume at the
beginning of the succeeding Purchase Period unless the Participant delivers to
the Company a new subscription agreement.

          (b)  Upon a Participant's ceasing to be an eligible Employee for any
reason other than retirement, the payroll deductions credited to such
Participant's account during the Purchase Period but not yet used to exercise
his/her purchase right will be returned to such Participant or, in the case of
his/her death, to the person or persons entitled thereto under paragraph 14, and
such Participant's purchase right will be automatically terminated.

          (c)  Upon a Participant's ceasing to be an eligible Employee by reason
of his/her retirement, the provisions of this paragraph 10(c) shall apply. If
such retirement occurs three months or less prior to the next Exercise Date, the
retired Participant shall have the option of withdrawing from the Plan as
provided in paragraph 10(a), or taking no action and thereby continuing
participation in the Purchase Period in which he/she was participating at the
time of retirement. If retirement occurs more than three months prior to the
next Exercise Date, the payroll deductions credited to such retired
Participant's account during the Purchase Period but not yet used to exercise
his/her purchase right will be returned to such Participant and such
Participant's purchase right will be automatically terminated. The Plan
Administrator shall have the discretion to shorten or lengthen such period from
time to time during the term of the Plan, but such period shall in no event
exceed three months.

     11.  Interest.  No interest shall accrue on the payroll deductions of a
          --------
Participant in the Plan.

     12.  Stock.
          -----

          (a)  The maximum number of shares of the Company's Common Stock which
shall be made available for sale under the Plan shall be 4,000,000 shares,
subject to adjustment upon changes in capitalization of the Company as provided
in paragraph 18. If on a given Exercise Date the aggregate number of shares with
respect to which purchase rights are to be exercised exceeds the number of
shares then available under the Plan, the Company shall make a pro rata
allocation of the shares remaining available for purchase in as uniform a

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manner as shall be practicable and as it shall determine to be equitable. If any
purchase right granted under the Plan shall terminate for any reason without
having been exercised, the Common Stock not purchased under such right shall
again become available under the Plan.

          (b)  A Participant will have no interest or voting right in shares
covered by his/her purchase right until such shares are actually purchased on
the Participant's behalf in accordance with the applicable provisions of the
Plan. No adjustment shall be made for dividends, distributions or other rights
for which the record date is prior to the date of such purchase.

          (c)  Shares to be delivered to a Participant under the Plan will be
registered in the name of the Participant, in the name of the Participant and
his/her spouse, in the name of the stockbroker at which the Participant
maintains an account in accordance with instructions provided to the Company by
the Participant pursuant to paragraph 9 or in the name of any permitted
transferee of the Participant pursuant to paragraph 15.

          (d)  The Common Stock subject to the Plan may be unissued shares,
treasury shares or shares purchased by the Company on the open market or
otherwise.

     13.  Administration. The Plan shall be administered by the Plan
          --------------
Administrator, which shall have full and exclusive discretionary authority to
construe, interpret and apply the terms of the Plan, to determine eligibility
and to adjudicate all disputed claims filed under the Plan. Every finding,
decision and determination made by the Plan Administrator shall, to the full
extent permitted by law, be final and binding upon all parties.

     14.  Designation of Beneficiary.
          --------------------------

          (a)  Participants may file a written designation of a beneficiary, on
a form designated by the Company, who is to receive any shares and cash, if any,
from the Participant's account under the Plan in the event of such Participant's
death. If a Participant is married and the designated beneficiary is not the
spouse, spousal consent shall be required for such designation to be effective.

          (b)  Such designation of beneficiary may be changed by the Participant
(and his/her spouse, if any) at any time by written notice. In the event of the
death of a Participant and in the absence of a beneficiary validly designated
under the Plan who is living at the time of such Participant's death, the
Company shall deliver such shares and/or cash to the executor or administrator
of the estate of the Participant, or if no such executor or administrator has
been appointed (to the knowledge of the Company), the Company, in its
discretion, may deliver such shares and/or cash to the spouse or to any one or
more dependents or relatives of the Participant, or if no spouse,

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dependent or relative is known to the Company, then to such other person as the
Company may designate.

     15.  Transferability. Neither payroll deductions credited to a
          ---------------
Participant's account nor any rights with regard to the exercise of a purchase
right or to receive shares under the Plan may be assigned, transferred, pledged
or otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in paragraph 14 hereof) by the Participant. Any such
attempt at assignment, transfer, pledge or other disposition shall be without
effect, except that the Company may treat such act as an election to withdraw
funds from a Purchase Period in accordance with paragraph 10.

     16.  Use of Funds. All payroll deductions received or held by the Company
          ------------
under the Plan may be used by the Company for any corporate purpose, and the
Company shall not be obligated to segregate such payroll deductions.

     17.  Reports. Individual accounts will be maintained for each Participant
          -------
in the Plan. Such accounts will be unfunded. Statements of account will be given
to Participants as soon as practicable following each Exercise Date, which
statements will set forth the amounts of payroll deductions, the Purchase Price,
the number of shares purchased and the remaining cash balance, if any.

     18.  Adjustments Upon Changes in Capitalization or Ownership.
          -------------------------------------------------------

          (a) Subject to any required action by the shareholders of the Company,
the Reserves, as well as the Purchase Price with respect to each purchase right
under the Plan that has not yet been exercised, shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or
decrease in the number of shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration." Such adjustment shall be made by the Plan
Administrator, whose determination in that respect shall be final, binding and
conclusive. Except as expressly provided herein, no issuance by the Company of
shares of stock of any class, or securities convertible into shares of stock of
any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number or price of shares of Common Stock subject to purchase
rights granted under the Plan. The Plan Administrator may, if it so determines
in the exercise of its sole discretion, make provision for adjusting the
Reserves, as well as the price per share of Common Stock covered by each
outstanding purchase right, in the event the Company effects one or more
reorganizations, recapitalizations, rights offerings or other increases or
reductions of shares of its outstanding Common Stock.

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          (b) In the event that any Corporate Transaction occurs or becomes
imminent, the Board may determine, in the exercise of its sole discretion, to
shorten any Purchase Period or Purchase Periods then in progress by setting a
new Exercise Date (the "New Exercise Date"). If it elects to fix a New Exercise
Date, the Board also may, in its discretion, change the Applicable Discount, the
Compensation, the Per-Participant Limit and any aggregate share purchase limits
previously established with respect to the shortened Purchase Period or Periods.
If the Board shortens any such Purchase Period, the Board shall notify each
Participant in writing that the Exercise Date for his/her purchase right has
been changed to the New Exercise Date and that his/her purchase right will be
exercised automatically on the New Exercise Date, unless prior to such date
he/she has withdrawn from such Purchase Period as provided in paragraph 10. Such
written notice shall also include a description of any changes made to the
Applicable Discount, the Compensation, the Per-Participant Limit and any
aggregate share purchase limits made pursuant to this paragraph 18(b).

          (c)  For purposes of paragraph 18(b), the following definitions shall
apply:

          "Acquiring Person" means any Person who or which, together with all
           ----------------
          Affiliates and Associates of such Person, shall be the Beneficial
          Owner of 20% or more of the Common Stock then outstanding, but shall
          not include the Company, any Subsidiary of the Company or any employee
          benefit plan of the Company or any Subsidiary of the Company, or any
          entity holding Common Stock for or pursuant to the terms of any such
          plan. Notwithstanding the foregoing, no Person shall become an
          Acquiring Person as the result of an acquisition of Common Stock by
          the Company which, by reducing the number of shares outstanding,
          increases the proportionate number of shares beneficially owned by
          such Person to 20% or more of the Common Stock of the Company then
          outstanding; provided, however, that if a Person becomes the
                       --------  -------
          Beneficial Owner of 20% or more of the Common Stock of the Company
          then outstanding by reason of share purchases by the Company and
          shall, after such share purchases by the Company, become the
          Beneficial Owner of any additional Common Stock of the Company, then
          such Person shall be deemed to be an Acquiring Person.

          "Affiliate" and "Associate" have the respective meanings ascribed to
           ---------       ---------
          such terms in Rule 12b-2 of the General Rules and Regulations under
          the Exchange Act.

          "Approved Transaction" means any transaction that occurs at a time
           --------------------
          when Continuing Directors are in office and a majority of the
          Continuing Directors then in office has determined that the
          transaction is in the best interest of the Company and its
          stockholders.

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          A Person shall be deemed the "Beneficial Owner" of and shall be deemed
                                        ----------------
          to "beneficially own" any securities: (i) which such Person or any of
          such Person's Affiliates or Associates beneficially owns, directly or
          indirectly; (ii) which such Person or any of such Person's Affiliates
          or Associates has (A) the right to acquire (whether such right is
          exercisable immediately or only after the passage of time) pursuant to
          any agreement, arrangement or understanding, or upon the exercise of
          conversion rights, exchange rights, rights (other than the Rights),
          warrants or options, or otherwise; provided, however, that a Person
                                             --------  -------
          shall not be deemed the Beneficial Owner of, or to beneficially own,
          securities tendered pursuant to a tender or exchange offer made by or
          on behalf of such Person or any of such Person's Affiliates or
          Associates until such tendered securities are accepted for purchase or
          exchange; or (B) the right to vote pursuant to any agreement,
          arrangement or understanding; provided, however, that a Person shall
                                        --------  -------
          not be deemed the Beneficial Owner of, or to beneficially own, any
          security if the agreement, arrangement or understanding to vote such
          security (1) arises solely from a revocable proxy or consent given to
          such person in response to a public proxy or consent solicitation made
          pursuant to, and in accordance with, the applicable rules and
          regulations of the Exchange Act and (2) is not also then reportable on
          Schedule 13D under the Exchange Act (or any comparable or successor
          report); or (iii) which are beneficially owned, directly or
          indirectly, by any other Person with which such Person or any of such
          Person's Affiliates or Associates has any agreement, arrangement or
          understanding for the purpose of acquiring, holding, voting (except to
          the extent contemplated by the proviso to clause (ii)(B) of this
          definition) or disposing of any securities of the Company; provided
          further, however, that nothing in this paragraph 18 shall cause a
          Person to be the Beneficial Owner of, or to beneficially own, any
          securities (x) acquired through such Person's participation in the
          business of underwriting securities in good faith in a firm commitment
          underwriting until the expiration of forty days after the date of such
          acquisition or (y) which such Person has reported on Schedule 13G
          under the Exchange Act and has not ceased to be eligible to report on
          Schedule 13G pursuant to Rule 13d-1 under the Exchange Act.

          "Common Stock" has the meaning set forth in paragraph 2(d).
           ------------

          "Corporate Transaction" means any of the following events: (a) a Share
           ---------------------
          Acquisition Date; (b) a dissolution or liquidation of the Company; (c)
          a merger or consolidation in which the Company is not the surviving
          corporation; (d) a merger in which the Company is the surviving
          corporation but the shares of Common Stock outstanding immediately
          prior to the merger are converted by virtue

                                                                              12
<PAGE>

          of the merger into other property, whether in the form of securities,
          cash or otherwise; (e) any capital reorganization in which more than
          50% of the shares of the Company entitled to vote are exchanged; and
          (f) any other event that the Board deems, in its discretion, to
          constitute a change in control of the Company.

          "Continuing Director" means (i) any member of the Board, while such
           -------------------
          Person is a member of the Board, who is not an Acquiring Person, or an
          Affiliate or Associate of an Acquiring Person, or a representative of
          an Acquiring Person or of any such Affiliate or Associate, and who
          was, if applicable, a member of the Board prior to the time that any
          Person becomes an Acquiring Person, or (ii) any Person who
          subsequently becomes a member of the Board, while such Person is a
          member of the Board, who is not an Acquiring Person, or an Affiliate
          or Associate of an Acquiring Person, or a representative of an
          Acquiring Person or of any such Affiliate or Associate, if such
          Person's nomination for election or election to the Board is
          recommended or approved by a majority of Continuing Directors.

          "Exchange Act" has the meaning set forth in paragraph 2(j).
           ------------

          "Person" means any individual, firm, partnership, corporation or other
           ------
          entity, and shall include any successor (by merger or otherwise) of
          such entity.

          "Rights" means the rights granted to the Company's shareholders to
           ------
          purchase additional Common Stock under certain circumstances, as
          described in that certain Rights Agreement, dated as of May 5, 1988,
          by and between the Company and The First National Bank of Boston, as
          rights agent.

          "Share Acquisition Date" means the first date of public announcement
           ----------------------
          by the Company or an Acquiring Person that a Person has become an
          Acquiring Person; provided, however, that no "Share Acquisition Date"
                            --------  -------
          shall occur as a result of any Person becoming an Acquiring Person
          pursuant to an Approved Transaction.

          "Subsidiary" of any Person means any corporation or other entity of
           ----------
          which a majority of the voting power of the voting equity securities
          or equity interest is owned, directly or indirectly, by such Person,
          or which is otherwise controlled by such Person.

     19.  Amendment or Termination.
          ------------------------

          (a)  The Board may at any time and for any reason terminate or amend
the Plan. Except as provided in paragraph 18 and paragraph 19(b), no

                                                                              13
<PAGE>

such termination can affect purchase rights previously granted, provided that a
Purchase Period may be terminated by the Board on any Exercise Date if the Board
determines that the termination of the Plan is in the best interests of the
Company and its shareholders. Except as provided in paragraph 18, no amendment
may make any change in any purchase rights theretofore granted which adversely
affects the rights of any Participant. To the extent necessary to comply with
Rule 16b-3 under the Exchange Act or Section 423 of the Code (or any successor
rule or provision or any other applicable law or regulation), the Company shall
obtain shareholder approval of any amendment to the Plan in such a manner and to
such a degree as required.

          (b)  Without shareholder consent and without regard to whether any
Participant rights may be considered to have been "adversely affected," the Plan
Administrator shall be entitled to change Purchase Periods, limit the frequency
and/or number of changes in the amount withheld during Purchase Periods,
establish the exchange ratio applicable to amounts withheld in a currency other
than U.S. dollars, permit payroll withholding in excess of the amount designated
by a Participant in order to adjust for delays or mistakes in the Company's
processing of properly completed withholding elections, establish reasonable
waiting and adjustment periods and/or accounting and crediting procedures to
ensure that amounts applied toward the purchase of Common Stock for each
Participant properly correspond with amounts withheld from the Participant's
Compensation, and establish such other limitations or procedures as the Plan
Administrator determines in its sole discretion are advisable and that are
consistent with the Plan.

     20.  Notices.  All notices or other communications by a Participant to the
          -------
Company under or in connection with the Plan shall be deemed to have been duly
given when received in the form specified by the Company at the location, or by
the person, designated by the Company for the receipt thereof.

     21.  Conditions Upon Issuance of Shares. Shares of Common Stock shall not
          ----------------------------------
be issued with respect to a purchase right unless the exercise of such purchase
right and the issuance and delivery of such shares pursuant thereto shall comply
with all applicable provisions of law, domestic or foreign, including, without
limitation, the Securities Act of 1933, as amended, the Exchange Act, the rules
and regulations promulgated thereunder, and the requirements of any stock
exchange or any automated inter-dealer quotation system maintained by the
National Association of Securities Dealers, Inc. upon which the Common Stock may
then be listed, and shall be further subject to the approval of counsel for the
Company with respect to such compliance. As a condition to the exercise of a
purchase right, the Company may require the person exercising such purchase
right to represent and warrant at the time of any such exercise that the shares
are being purchased only for investment and without any present intention to
sell or distribute such shares if, in the opinion of counsel for the Company,
such a representation is required by any of the aforementioned applicable
provisions of law.

                                                                              14
<PAGE>

     22.  Effective Date. The Plan shall become effective on the date it is
          --------------
approved by the stockholders (the "Effective Date").

     23.  Term of Plan. The Plan shall continue in effect for a term of ten (10)
          ------------
years after the Effective Date unless sooner terminated under paragraph 19. No
rights may be granted under the Plan following its termination.

     24.  Stockholder Approval. The Plan became effective when adopted by the
          --------------------
Board on March 1, 1995 and was approved by the Company's stockholders on May 31,
1995. On February 19, 1999 the Board adopted and approved an amendment and
restatement of the Plan to reflect amendments promulgated by the Securities and
Exchange Commission to Rule 16b-3 applicable to the Plan which amendment and
restatement is not subject to stockholder approval. On March 9, 2000 the Board
adopted and approved an amendment to the Plan to increase the number of shares
of the Company's Common Stock available for sale under the Plan from 2,000,000
to 4,000,000, which amendment will become effective if approved by the Company's
stockholders.

     25.  No Employment Rights. The Plan does not, directly or indirectly,
          --------------------
create any right for the benefit of any employee or class of employees to
purchase any shares under the Plan, or create in any employee or class of
employees any right with respect to continuation of employment by the Company,
and it shall not be deemed to interfere in any way with the Company's right to
terminate, or otherwise modify, an employee's employment at any time.

     26.  Effect of Plan. The provisions of the Plan shall, in accordance with
          --------------
its terms, be binding upon, and inure to the benefit of, all successors of each
Participant, including, without limitation, such Participant's estate and the
executors, administrators or trustees thereof, heirs and legatees, and any
receiver, trustee in bankruptcy or representative of creditors of such
Participant.

     27.  Governing Law. The law of the State of California will govern all
          -------------
matters relating to this Plan except to the extent it is superseded by the laws
of the United States.

                                                                              15RIDER TO LEASE, DATED JANUARY 29 1993, BETWEEN G.A.J.  ASSOCIATES,  AS LANDLORD.
AND         REDSTONE         SECURITIES,          INC.         AS         TENANT
-----------------------------------------------------------------

            37.  Tenant  covenants  and agrees to pay to Landlord as annual base
            rent the following sums in equal monthly  installments in advance on
            the first day of each month during said term payable  during each of
            said years as follows:

(1) April 1, 1993 through May 31,  1994--$63,767.76  in monthly  installments of
$4,554.84

(ii) June 1, 1994 through May 31,  1995--$56,844.36  in monthly  installments of
$4,737.03

(iii) June 1, 1995 through May 31,  1996--$59,118.24 in monthly  installments of
$4,926.52

                       (iv) June 1, 1996  through May 31, 1997  --$61,482.96  in
                       monthly  installments  of  $5,123.58  (v)  June  1,  1997
                       through   May  31,   1998  --   $63,942.24   in   monthly
                       installments of $5,328.52

at the office of the Landlord (101 Fairchild Avenue, Plainview, New York, 11803)
or such other place as  Landlord  may  designate  in writing  without  offset or
deduction whatsoever.

38.                  USE OF PREMISES
                     ---------------

Tenant  shall  use the  premises  as an office  to  engage  in the  business  of
securities  investment  banking  arid  financial   consulting,   other  purpose.
Notwithstanding  the foregoing,  the Tenant shall never permit the use, storage,
sale,  transfer,  etc. of the following products and/or substances.  foods, food
oils,  oils,  soaps,  chemical  liquids or powders,  gase  medical  equipment or
medical supplies of any kind, waste materials of any kind, gasoline or petroleum
products of any kind, heavy equipment,  toxic or hazardous materials (as defined
by OSHA) and/or waste of any kind,  products or materials  which shall cause any
kind of odor  and/or  malodor  to  penetrate  the  air,  fertilizers  or-similar
products,  paints  or inks of any  kind,  perfumes  or  fragrances  of any kind,
lotions or other  liquids or powders used in barber shops and/or  beauty  shops,
foods,  flowers,  raw materials,  photographic  developing  materials and/or any
other product or material  which shall create a nuisance or require the Landlord
to take affirmative action to make the premises suitable for said use.

Tenant covenants and agrees to indemnify and save harmless, Landlord and any fee
owner and any mortgagee and any lessor under any ground or underlying lease, and
their respective contractors, agents and employees, licensees and invitees, from
and against any and all  liability  (statutory  or  otherwise),  claims,  suits,
demands, damages, clean--up costs, judgments, costs, interests and expenses

                 termination  of  the  lease  of  real  property  by  reason  of
                 destruction  or   untenantability   of  the  premises   demised
                 thereunder caused by fire or other casualty and agrees that the
                 provisions  of this  paragraph  40 shall  govern and control in
                 lieu of any such provisions of law.

                 41.    SECURITY AGREEMENTS
                        -------------------

                 A.  Tenant  covenants  and agrees  thatno  security  agreement,
                 whether by way of conditional bill of sale, chattel mortgage or
                 instrument  of  similar  import,   shall  be  placed  upon  any
                 improvement made by Tenant which is affixed to the realty.

                 B. In the event that any of the machinery,  fixtures, furniture
                 and equipment  installed by Tenant in the demised  premises are
                 purchased   or  acquired   by  Tenant   subject  to  a  chattel
                 conditional sale agreement or other title retention or security
                 agreement,  Tenant  undertakes  and  agrees:  (I)  that no such
                 chattel  mortgage,  conditional  sale  agreement or other title
                 retention  or security  agreement  or Uniform  Commercial  Code
                 filing  statement  shall  be  permitted  to be  filed as a lien
                 against the  building and real  property,  of which the demised
                 premises for a part, and (ii) to cause to be inserted in any of
                 the  above--entitled  title  retention,   chattel  mortgage  or
                 security agreements the following provision:

                                  Notwithstanding   anything  to  the   contrary
                                  herein,  this  chattel  mortgage,  conditional
                                  sale agree-- ment,  title retention  agreement
                                  or security  agreement shall not create or. be
                                  filed as a lien against the land, building and
                                  improvements compromising the real property in
                                  which   the   good,   machinery,    equipment,
                                  appliance or other personal  property  covered
                                  hereby are to be located or installed.

                 C.  If any  such  lien or UCC  filing  statement,  based  on an
                 agreement  as  above-described,   is  filed  the  building  and
                 improvements, of which the demised premises form a part, Tenant
                 will,  upon ten (10) days prior  written  notice  thereof  from
                 Landlord, cause such lien or notice to be removed or discharged
                 at  Tenant's  cost and expense  and  Tenant's  failure to do so
                 shall  constitute  a breach  of a  material  provision  of this
                 lease.

                  42.     INTENTIONALLY LEFT BLANK

                  43.     INSURANCE

                 Tenant shall maintain  commercial  general liability  insurance
                 for not  less  than One  Million  ($1,000,000.00)  Dollars  per
                 occurrence  and One  Million  ($1,000,000.00)  Dollars  general
                 aggregate, combined single limits of bodily injury and property
                 damage. These limits

<PAGE>

                 which  may  create or be the  foundation  for any lien upon the
                 reversion  of  Landlord,   the  premises   herein  demised  are
                 Landlord's  building  and  improvements;  it being  agreed that
                 should  Tenant  cause  any  alterations,   changes,  additions,
                 improvements or repairs to be made to the demised premises,  or
                 a material  furnished  or labor  performed  therein or thereon,
                 neither  Landlord  nor the demised  premises  shall,  under any
                 circumstances  be  liable  for  the  payment  of  any  material
                 furnished to the demised premises or any part thereof;  but all
                 such alterations,  changes, additions, improvements and repairs
                 and  materials  and labor  shall be at  Tenant's  expense,  and
                 Tenant shall be solely and wholly  responsible to  contractors,
                 laborers and materialmen  furnishing labor and material to said
                 premises and building,  Or any part thereof for or on behalf of
                 Tenant.

                 B. Tenant shall not suffer or permit any mechanic's liens to be
                 filed  against the fee  ownership  of the demised  premises nor
                 against Tenant's  leasehold interest in said premises by reason
                 of work, labor,  services and materials  supplied or claimed to
                 have been  supplied to Tenant or to any occupant of the demised
                 premises.  If any  such  mechanic's  lien  shall at any time be
                 filed   against  the  demised   premises  or  the  building  or
                 improvements  thereon,  Tenant  shall,  at  its  own  cost  and
                 expense, cause the same to be canceled and discharged of record
                 by surety bond or appropriate cash deposit within ten (10) days
                 after the date of filing the same and notice thereof to Tenant,
                 and Tenant shall indemnify and save harmless  Landlord from and
                 against any and all costs, expenses,  claims, losses or damages
                 resulting  therefrom or by reason  thereof,  including  but not
                 limited to, the cost of reasonable attorneys fees.

                 C. Tenant shall also defend on behalf of Landlord,  at Tenant's
                 sole cost and expense,  any action,  suit or proceedings  which
                 may be brought  thereon or for the enforcement of such liens or
                 orders,  and  Tenant  shall pay any  damages  and  satisfy  and
                 discharge  any  judgment  entered  thereon  and  save  harmless
                 Landlord  from  any  claim  or  damage   resulting   therefrom,
                 including reasonable attorney's fees.

                 D. If Tenant  shall fail to  discharge  such  mechanic's  liens
                 within  such  period,  then,  in addition to any other right or
                 remedy of Landlord, Landlord may, but shall not be obligated to
                 discharge  the same  either by paying the amount of claim to be
                 due or by  procuring  the  discharge of such lien by deposit in
                 court or bonding  and,  in any such  event,  Landlord  shall be
                 entitled,  if Landlord so elects,  to compel the prosecution of
                 an action for the foreclosure of such  mechanic's  liens by the
                 lienor and to pay the amount of the judgment,  if any, in favor
                 of the lienor, with interest, costs and allowances.

E.  Any  amount  paid by  Landlord  for  any of the  aforesaid  charges  and all
reasonable legal and other expenses of Landlord, including

<PAGE>

reasonable  counsel fees, in defending any such action, or in or about procuring
the  discharge of said lien,  with all  necessary  disbursements  in  connection
therewith,  with  interest  thereon at the rate of 9% per annum from the date of
payment,  shall be repaid within a period of ten (10) days after written  demand
theref or by Landlord to Tenant and may be treated as  additional  rent  payable
within the next installments of annual basic rent.

F. Prior to the  commencement of any work in the demised premises by the general
contractor employed by Tenant or by any subcontractors  employed by such general
contractor,  Tenant shall: (i) furnish Landlord with Tenant's written  statement
setting forth the name and business address of Tenant's general contractors; and
(ii)  obtain and  furnish to  Landlord  a written  list of all  sub--contractors
employed or to be employed by Tenant's  general  contractor and certified by the
general contractor.

45.    RIGHT TO ENTRY

A. Tenant shall  permit  Landlord to erect,  use and  maintain or repair  pipes,
cables,  conduits,  plumbing,  vents and wiring,  in, to and through the demised
premises  as to the extent that the  Landlord  may now or  hereafter  deem to be
reasonably  necessary or appropriate for the proper  operation or maintenance of
the building of which the demised  premises  are a part.  All such work shall be
done so far as  practicable,  in such manner as to avoid  disruption of Tenant's
use of the demised premises.  Landlord shall give prior notice to Tenant of such
entry, except under circumstances constituting an emergency. Tenant shall not be
responsible to restore the premises on account of Landlord's work.

B.  Landlord,  or its  agents or  designees,  shall  have the right to enter the
demised  premises  during business hours f or the purpose of making such repairs
or  alterations as Landlord shall be required or shall have the right to make by
the  provisions of this lease.  Landlord  shall be allowed to take all materials
into and upon the  demised  premises  that may be  required  or for  repairs  or
alterations,  without  constituting  an  eviction of Tenant in whole or in part.
Landlord shall also have the right to enter the demised premises at such time as
such entry may be required by circumstances  of emergency  effecting the demised
premises of the building containing the same.

In addition, Landlord, or its agents or designees, shall have the right to enter
the demised premises during the business hours for the purpose of inspecting the
general  conditions  and state of repair of the  premises and the showing of the
premises to any prospective purchaser or tenant.

C. The rights granted to Landlord by the terms of this paragraph shall be deemed
supplemental to the provisions set forth in this lease

               D. The foregoing  shall not be deemed to impose upon Landlord any
               obligation for the furnishing of any service, maintenance repair,
               or other  obligation other than as specifically set forth in this
               lease.

               46.    SUSPENSION OF SERVICES
                      ----------------------

               Anything to this lease to the contrary notwithstanding,  Landlord
               reserves the right to suspend the services of any utilities, when
               necessary,  by reason of  accident,  or repairs,  alterations  or
               improvements, necessary to be made in the demised premises, until
               such  repairs,   alterations  or  improvements  shall  have  been
               completed, and Landlord shall have no responsibility or liability
               for such suspension of services  provided.Landlord  proceeds with
               diligence and continuity to complete such repairs, alterations or
               improvements  and uses its best efforts to restore such  services
               and soon as  practicable.  The  foregoing  shall not be deemed to
               impose upon  Landlord any  obligation  for the  furnishing of any
               service,  maintenance  or repair other than as  specifically  set
               forth in this lease.

               47.    CLEANING. REFUSE AND DELIVERIES
                      -------------------------------

               A. The demised  premises shall be kept clean by Tenant at its own
               cost and expense and Tenant shall comply with the requirements of
               all  governmental   authorities  having   jurisdiction   therein,
               including but not limited to pests control.

               B.  Tenant,  at its own cost and  expense  shall  arrange for the
               removal of Tenant's  refuse and  rubbish,  which shall be kept in
               covered  containers,  from the demised  premises and shall comply
               with all  reasonable  rules  and  regulations  of  Landlord  with
               respect  thereto.  Landlord  shall not be required to furnish any
               services or equipment for the removal of such refuse and rubbish.

C. Tenant,  at its own cost and expense,  shall maintain  exterminating and pest
control services in the demised premises to prevent the occurrence of any vermin
of any kind or description in or about the demised premises.

               48.  SIGNS  Tenant  shall not place any sign(s) on the outside of
               the building or in the windows of the demised  premises which may
               be  seen  from  the  outside  of the  building.  Interior  signs,
               including  but not  limited  to door  signs,  shall be affixed in
               accordance with Landlord's written specifications. Landlord shall
               have the  option of  supplying  such sign at  tentant's  cost and
               expense.

               49.    ADJUSTMENT OF RENT FOR INCREASES IN REAL ESTATE TAXES
                      -----------------------------------------------------

               For the purposes of this lease,  it is understood and agreed that
               the term "real estate  taxes" shall Include but not be limited to
               the following taxes: city, school, county, water meter chargesand
               sewer charges, town, village and any other taxes by whatever name
               given by a  governmental  or  municipal  entity,  upon the  land,
               building and improvements.

               B. Prorated from the time Tenant takes occupancy under the lease,
               Tenant agrees to pay to Landlord as  additional  rent during each
               lease  year and  during  any  renewal  period  of such  lease (if
               applicable) Tenant's proportionate share (as defined in paragraph
               85,  infra) of all  increases in real estate taxes (as defined in
               paragraph A above) on the land,  building  and  improvements  (of
               which the  demised  premises  are a part) over and above the base
               rent as set forth in paragraph 37 of this rider to lease, whether
               such  increase in real estate  taxes  shall be  oOcasioned  by an
               increase in assessed  evaluation  or an increase in tax rate,  or
               both or for any other reason.

               Such  additional  rent shall be  payable  by Tenant] to  Landlord
               during the real estate tax year in which the first installment of
               such  increased real estate taxes becomes due and payable to such
               governmental authority,  notwithstanding that the real estate tax
               year may be a  fiscal  year  which  does  not  coincide  with the
               calendar  lease  year in which  such  taxes  shall  first  become
               available.  The taxes  shall be due and  payable  within five (5)
               days after written demand theref or by Landlord. If available,  a
               tax bill of the  appropriate  governmental  agency or body (which
               will be exhibited on request) shall be sufficient evidence of the
               amount  of the taxes and for  determination  of the  amount to be
               paid by Tenant.

               C.  Landlord's  basic real estate tax  liability  for purposes of
               determining  an increase in any such taxes,  shall be a sum equal
               to the  real  estate  taxes  fixed by the  aforementioned  taxing
               authorities and applicable to the realty during the tax year:

               school taxes  1992/93,  town taxes 1993, and other taxes 1993 and
               any  increases  in taxes  shall refer to such tax years which are
               increases over and above the such taxes for said years.

               D. If the term of this  lease  shall end or  terminate  on a date
               other than the last day of the real  estate  tax or fiscal  year,
               the additional  rent, if any,  payable by Tenant  pursuant to the
               provisions of this lease, shall be apportioned as of said date of
               termination  of this  lease.  Tenant's  obligation  to make  such
               payment and Landlord's obligation to refund any overpayment shall
               survive the termination of this lease.

               50.    INTENTIONALLY LEFT BLANK.

               51.    REPAIRS

              A. Throughout the term of this Lease,  Tenant shall take good care
              of the demised  premises and fixtures and  appurtenances  therein,
              all  at  Tenantts  sole  cost  and  expense  and  shall  make  all
              non--structural  repairs  thereto,  as and when needed to preserve
              the premises ingood condition, reasonable wear and tear and damage
              by fire or  other  casualty  accepted  (see  also,  paragraph  53,
              infra).

              B.  Throughout  the term of this  Lease,  Landlord  shall make all
              structural repairs to the roof,  exterior walls and foundation and
              structural  components  of  the  building  of  which  the  demised
              premises  form a part,  unless the repairs are made  necessary  by
              reason of some act or omission  to act of the  Tenant,  its agent,
              servants,  employees,  or invitees,  in which event,  the Landlord
              would make such repairs and bill Tenant as additional rent for the
              cost thereof.

              52.    INTENTIONALLY LEFT BLANK

              53.    INSTALLATION AND MAINTENANCE OF HVAC UNIT
                     -----------------------------------------

              Tenant shall maintain and service the HVAC unit servicing Tenant's
              premises  throughout the term of this lease,  at its sole cost and
              expense.  Tenant shall pay directly to the company  providing  the
              service and  maintenance  the cost of same.  Provided Tenant has a
              written  service  contract for the service and maintenance of HVAC
              for the term of this  lease (or a  renewable  contract,  providing
              evidence  of  renewal  to  the   Landlord),   Landlord   shall  be
              responsible for replacement of the HVAC unit when its useable life
              has been  exhausted  and  maintenance  and  service  of same is no
              longer  practical.  If,  however,  Tenant  shall  fail to obtain a
              service  contract and to maintain the HVAC unit  properly,  Tenant
              shall be responsible  for the replacement of said unit as provided
              herein.

              54.    ASSIGNMENT OR SUBLETTING
                     ------------------------

              Without the prior written consent of the Landlord,  this lease may
              not be  assigned  nor may the  premises  be  sublet in whole or in
              part.  Landlord agrees that it will not  unreasonably  withhold or
              delay its consent to an assignment or sublease but in  determining
              reasonableness,  there  shall  be  taken  into  account:  (a)  the
              character and  reputation  of the proposed  assignee or subtenant;
              (b) the specific  nature of the proposed  assignee or  subtenant's
              business;  (c) the financial  standing of the proposed assignee or
              subtenant;  (d) the impact of all of the foregoing  upon the other
              tenants  of the  Landlord  in  this  Building  and  any  adjoining
              building and the impact of all of the foregoing upon the integrity
              of the building as a whole.

A.       In the event of any assignment  where the Tenant shall receive a fee or
         other compensation for same, Landlord shall receive fifty (50%) percent
         of such fee or  compensation.  In the event of any subletting where the
         Basic  Annual  Rental and  Additional  Rental  reserved in the sublease
         shall  exceed  the  Basic  Annual  Rent  and  Additional  Rent  payable
         hereunder,  Tenant shall pay to the Landlord fifty (50%) percent of the
         difference  between  the Basic  Annual  Rental  and  Additional  Rental
         reserved in this lease. The said sums

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