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                                                                    Exhibit 10.2

                             COLLINS I HOLDING CORP.
                          2007 LONG-TERM INCENTIVE PLAN

      The Collins I Holding Corp.  2007 Long-Term  Incentive Plan (the "PLAN")
was adopted by the Board of Directors of Collins I Holding  Corp.,  a Delaware
corporation  (the  "COMPANY"),   effective  as  of  January  22nd,  2007  (the
"EFFECTIVE DATE").

                                    ARTICLE 1
                                     PURPOSE

      The  purpose of the Plan is to attract  and  retain  the  services  of key
employees, key contractors, key consultants and Outside Directors of the Company
and its Subsidiaries and to provide such persons with a proprietary  interest in
the Company through the granting of incentive stock options, non-qualified stock
options,  and other awards,  whether  granted singly,  or in combination,  or in
tandem, that will:

            (a) increase the interest of such persons in the Company's welfare;

            (b) furnish an incentive to such persons to continue  their services
for the Company; and

            (c) provide a means  through  which the  Company  may  attract  able
persons as Employees, Contractors, Consultants and Outside Directors.

                                    ARTICLE 2
                                   DEFINITIONS

For the  purpose  of the  Plan,  unless  the  context  requires  otherwise,  the
following terms shall have the meanings indicated:

      2.1.  "1934 ACT" means the Securities Exchange Act of 1934.

      2.2.  "AFFILIATE"  shall  have  the  meaning  set  forth  in  Rule  12b-2
promulgated under Section 12 of the 1934 Act.

      2.3.  "AWARD" means the grant of any Incentive Stock Option,  Nonqualified
Stock Option,  or Other Award,  whether  granted  singly or in combination or in
tandem (each individually referred to herein as an "INCENTIVE").

      2.4.  "AWARD  AGREEMENT" means a written  agreement  between a Participant
and the Company which sets out the terms of the grant of an Award.

      2.5.  "AWARD  PERIOD"  means the period  set forth in the Award  Agreement
during which one or more Incentives granted under an Award may be exercised.

      2.6.  "BENEFICIAL  OWNER"  shall have the  meaning set forth in Rule 13d-3
under the 1934 Act.

      2.7.  "BOARD" means the board of directors of the Company.

      2.8.  "CHANGE IN CONTROL" means any of the following,  except as otherwise
provided herein:

            (a) any Person is or  becomes  the  Beneficial  Owner,  directly  or
indirectly,  of  securities  of the Company  (not  including  in the  securities
beneficially  owned by such Person any  securities  acquired  directly  from the
Company or its Affiliates) representing 51% or more of the combined voting power
of the Company's then outstanding  securities,  excluding any Person who becomes
such a Beneficial Owner in connection with a transaction described in clause (i)
of paragraph (iii) below; or

            (b) the following  individuals  cease for any reason to constitute a
majority  of the number of  directors  then  serving:  individuals  who,  on the
Effective  Date of this Plan,  constitute  the Board and any new director  whose
appointment or election by the Board or nomination for election by the Company's
stockholders  was approved or recommended by a vote of at least two-thirds (2/3)
of the directors then still in office who either were directors on the Effective
Date of this Plan or whose appointment,  election or nomination for election was
previously so approved or recommended; or

            (c) there is consummated a merger or consolidation of the Company or
any direct or indirect  subsidiary  of the Company  with any other  corporation,
other  than (i) a merger  or  consolidation  that  would  result  in the  voting
securities  of the  Company  outstanding  immediately  prior to such  merger  or
consolidation  continuing to represent  (either by remaining  outstanding  or by
being  converted  into voting  securities of the surviving  entity or any parent
thereof) at least  fifty-one  percent (51%) of the combined  voting power of the
securities  of the  Company  or such  surviving  entity  or any  parent  thereof
outstanding  immediately  after such merger or consolidation or (ii) a merger or
consolidation  effected  to  implement  a  recapitalization  of the  Company (or
similar  transaction)  in which no Person is or becomes  the  Beneficial  Owner,
directly or  indirectly,  of  securities  of the Company  (not  including in the
securities  Beneficially  Owned by such Person any securities  acquired directly
from the Company or its Affiliates other than in connection with the acquisition
by the Company or its Affiliates of a business)  representing 51% or more of the
combined voting power of the Company's then outstanding securities; or

            (d) the  stockholders  of the  Company  approve  a plan of  complete
liquidation  or  dissolution of the Company or there is consummated an agreement
for the sale or  disposition by the Company of all or  substantially  all of the
Company's  assets,  other than a sale or  disposition  by the  Company of all or
substantially  all of the  Company's  assets to an  entity,  at least  fifty-one
percent (51%) of the combined voting power of the voting securities of which are
owned by stockholders of the Company in  substantially  the same  proportions as
their ownership of the Company immediately prior to such sale.

      Notwithstanding the foregoing provisions of this Section 2.5, in the event
an Award issued under the Plan is subject to Section 409A of the Code,  then, in
lieu of the foregoing  definition and to the extent necessary to comply with the
requirements  of Section 409A of the Code, the definition of "Change in Control"
for purposes of such Award shall be the  definition  provided for under  Section
409A of the Code and the regulations or other guidance issued thereunder.

                                       2

      2.9. "CODE" means the Internal Revenue Code of 1986, as amended.

      2.10. "COMMITTEE"  means the Compensation  Committee of the Board,  unless
the Board appoints or designates a different committee to administer the Plan in
accordance  with Article 3 of this Plan, or if no such  committee is designated,
means the Board.

      2.11. "COMMON  STOCK" means the common stock,  par value $0.001 per share,
which the  Company  is  currently  authorized  to issue or may in the  future be
authorized to issue,  or any securities into which or for which the common stock
of the Company may be converted or  exchanged,  as the case may be,  pursuant to
the terms of this Plan or the Amended and Restated  Certificate of Incorporation
of the Company.

      2.12. "COMPANY" means Collins I Holding Corp., a Delaware corporation, and
any successor entity.

      2.13. "CONSULTANT"  means  any  Person,   other  than  an  Employee  or  a
Contractor,  performing  advisory or  consulting  services  for the Company or a
Subsidiary, with or without compensation,  provided that BONA FIDE services must
be rendered by such Person and such services shall not be rendered in connection
with the offer or sale of securities in a capital raising transaction.

      2.14. "CONTRACTOR" means any Person, who is not an Employee or Consultant,
performing services for the Company or a Subsidiary, with compensation, pursuant
to a written  independent  contractor  agreement  between  such  Person  and the
Company or a  Subsidiary,  provided  that BONA FIDE services must be rendered by
such Person and such services shall not be rendered in connection with the offer
or sale of securities in a capital raising transaction.

      2.15. "DATE OF GRANT" means the  effective  date on which an Award is made
to a Participant as set forth in the applicable Award Agreement.

      2.16. "EMPLOYEE"  means a common law  employee  (as defined in  accordance
with the Regulations  and Revenue Rulings then applicable  under Section 3401(c)
of the Code) of the Company or any Subsidiary of the Company.

      2.17. "FAIR MARKET  VALUE"  means,  as of a particular  date,  (a) if the
shares  of Common  Stock  are  listed  on any  established  national  securities
exchange,  the closing sales price per share of Common Stock on the consolidated
transaction  reporting  system for the  principal  securities  exchange  for the
Common Stock on that date, or, if there shall have been no such sale so reported
on that date, on the last  preceding  date on which such a sale was so reported,
(b) if the shares of Common Stock are not so listed but are quoted on the Nasdaq
National Market System, the closing sales price per share of Common Stock on the
Nasdaq National Market System on that date, or, if there shall have been no such
sale so reported on that date, on the last  preceding  date on which such a sale
was so reported,  (c) if the Common  Stock is not so listed or quoted,  the mean
between  the  closing  bid and  asked  price on that  date,  or, if there are no
quotations  available  for such date, on the last  preceding  date on which such
quotations  shall be  available,  as reported by Nasdaq,  or, if not reported by

                                       3

Nasdaq, by the National  Quotation Bureau,  Inc., or (d) if none of the above is
applicable,  such amount as may be determined  by the  Committee  (acting on the
advice of an  Independent  Third Party,  should the Committee  elect in its sole
discretion  to utilize an  Independent  Third Party for this  purpose),  in good
faith, to be the fair market value per share of Common Stock.

      2.18. "INCENTIVE" is defined in Section 2.1 hereof.

      2.19. "INCENTIVE  STOCK OPTION" means an incentive stock option within the
meaning of Section 422 of the Code, granted pursuant to this Plan.

      2.20. "INDEPENDENT  THIRD PARTY" means an individual or entity independent
of the Company  having  experience  in providing  investment  banking or similar
appraisal or valuation services and with expertise generally in the valuation of
securities  or other  property  for  purposes of this Plan.  The  Committee  may
utilize one or more Independent Third Parties.

      2.21. "NONQUALIFIED  STOCK  OPTION"  means a  nonqualified  stock  option,
granted pursuant to this Plan, which is not an Incentive Stock Option.

      2.22. "OPTION  PRICE"  means the price that must be paid by a  Participant
upon exercise of a Stock Option to purchase a share of Common Stock.

      2.23. "OTHER AWARD" means an Award issued pursuant to Section 6.4 hereof.

      2.24. "OUTSIDE  DIRECTOR"  means a director  of the  Company who is not an
Employee or a Consultant.

      2.25. "PARTICIPANT" means an Employee,  Contractor,  Consultant or Outside
Director of the Company or a Subsidiary  to whom an Award is granted  under this
Plan.

      2.26. "PERSON" shall have the meaning given in Section 3(a)(9) of the 1934
Act, as modified and used in Sections 13(d) and 14(d) thereof,  except that such
term  shall not  include  (i) the  Company  or any of its  subsidiaries,  (ii) a
trustee or other fiduciary holding  securities under an employee benefit plan of
the Company or any of its Affiliates,  (iii) an underwriter  temporarily holding
securities  pursuant  to an offering of such  securities  or (iv) a  corporation
owned,   directly  or  indirectly,   by  the  stockholders  of  the  Company  in
substantially the same proportions as their ownership of stock of the Company.

      2.27. "PLAN" means this Collins I Holding Corp.  2007 Long-Term  Incentive
Plan, as amended from time to time.

      2.28. "STOCK  OPTION" means a  Nonqualified  Stock Option,  a Reload Stock
Option or an Incentive Stock Option.

      2.29. "SUBSIDIARY"  means  (i) any  corporation  in an  unbroken  chain of
corporations  beginning with the Company, if each of the corporations other than
the last  corporation in the unbroken chain owns stock  possessing a majority of
the total  combined  voting  power of all  classes  of stock in one of the other
corporations in the chain, (ii) any limited  partnership,  if the Company or any

                                       4

corporation  described  in  item  (i)  above  owns a  majority  of  the  general
partnership  interest  and a  majority  of  the  limited  partnership  interests
entitled to vote on the  removal and  replacement  of the general  partner,  and
(iii) any partnership or limited liability  company,  if the partners or members
thereof are composed  only of the Company,  any  corporation  listed in item (i)
above or any limited partnership listed in item (ii) above. "SUBSIDIARIES" means
more than one of any such corporations,  limited  partnerships,  partnerships or
limited liability companies.

      2.30. "TERMINATION  OF SERVICE"  occurs when a  Participant  who is (i) an
Employee of the Company or any Subsidiary  ceases to serve as an Employee of the
Company and its  Subsidiaries,  for any reason;  (ii) an Outside Director of the
Company or a  Subsidiary  ceases to serve as a director  of the  Company and its
Subsidiaries  for any reason;  (iii) a Contractor of the Company or a Subsidiary
ceases to serve as a  Contractor  of the  Company and its  Subsidiaries  for any
reason; or (iv) a Consultant of the Company or a Subsidiary ceases to serve as a
Consultant of the Company and its Subsidiaries for any reason.  Except as may be
necessary  or  desirable  to comply  with  applicable  federal  or state  law, a
"Termination of Service" shall not be deemed to have occurred when a Participant
who is an Employee becomes a Consultant, Contractor, or Outside Director or vice
versa.  If,  however,  a Participant who is an Employee and who has an Incentive
Stock  Option  ceases to be an  Employee  but does not suffer a  Termination  of
Service,  and if that  Participant  does not exercise the Incentive Stock Option
within the time  required  under  Section 422 of the Code upon  ceasing to be an
Employee,  the Incentive  Stock Option shall  thereafter  become a  Nonqualified
Stock Option.  Notwithstanding the foregoing provisions of this Section 2.30, in
the event an Award issued under the Plan is subject to Section 409A of the Code,
then, in lieu of the foregoing  definition and to the extent necessary to comply
with  the   requirements  of  Section  409A  of  the  Code,  the  definition  of
"Termination  of Service" for purposes of such Award shall be the  definition of
"separation  from  service"  provided for under Section 409A of the Code and the
regulations or other guidance issued thereunder.

      2.31. "TOTAL AND PERMANENT  DISABILITY"  means a Participant  is qualified
for long-term disability benefits under the Company's or Subsidiary's disability
plan or insurance policy;  or, if no such plan or policy is then in existence or
if the  Participant is not eligible to participate in such plan or policy,  that
the Participant, because of a physical or mental condition resulting from bodily
injury,  disease,  or mental  disorder is prevented  from  performing his or her
duties of employment for a period of six (6) continuous months, as determined in
good faith by the  Committee,  based  upon  medical  reports  or other  evidence
satisfactory  to the  Committee;  PROVIDED  THAT,  with respect to any Incentive
Stock  Option,  Total and Permanent  Disability  shall have the meaning given it
under  the   rules   governing   Incentive   Stock   Options   under  the  Code.
Notwithstanding  the foregoing  provisions of this Section 2.31, in the event an
Award  issued under the Plan is subject to Section  409A of the Code,  then,  in
lieu of the foregoing  definition and to the extent necessary to comply with the
requirements of Section 409A of the Code, the definition of "Total and Permanent
Disability"  for purposes of such Award shall be the definition of  "disability"
provided  for  under  Section  409A of the  Code  and the  regulations  or other
guidance issued thereunder.

                                       5

                                    ARTICLE 3
                                 ADMINISTRATION

      3.1.  GENERAL ADMINISTRATION;  ESTABLISHMENT OF COMMITTEE.  Subject to the
terms of this Article 3, the Plan shall be  administered  by the Committee which
shall  consist of at least two (2) members.  Any member of the  Committee may be
removed at any time,  with or without  cause,  by resolution  of the Board.  Any
vacancy  occurring  in  the  membership  of  the  Committee  may  be  filled  by
appointment  by the Board.  At any time there is no Committee to administer  the
Plan, any  references in this Plan to the Committee  shall be deemed to refer to
the Board.

      The Committee  shall select one of its members to act as its  Chairman.  A
majority of the Committee shall  constitute a quorum,  and the act of a majority
of the  members  of the  Committee  present  at a  meeting  at which a quorum is
present shall be the act of the Committee.

      3.2.  DESIGNATION OF PARTICIPANTS AND AWARDS.

            (a) The Committee or the Board shall  determine  and designate  from
time to time the  eligible  persons to whom Awards will be granted and shall set
forth in each related Award Agreement,  where applicable,  the Award Period, the
Date of Grant, and such other terms,  provisions,  limitations,  and performance
requirements,  as are approved by the Committee,  but not inconsistent  with the
Plan. The Committee shall  determine  whether an Award shall include one type of
Incentive  or two or  more  Incentives  granted  in  combination  or two or more
Incentives  granted in tandem  (that is, a joint  grant  where  exercise  of one
Incentive  results in cancellation of all or a portion of the other  Incentive).
Although the members of the Committee shall be eligible to receive  Awards,  all
decisions with respect to any Award, and the terms and conditions thereof, to be
granted under the Plan to any member of the  Committee  shall be made solely and
exclusively by the other members of the Committee, or if such member is the only
member of the Committee, by the Board.

            (b) Notwithstanding Section 3.2(a), the Board may, in its discretion
and by a resolution adopted by the Board,  authorize one or more officers of the
Company (an  "AUTHORIZED  OFFICER") to (i)  designate  one or more  Employees as
eligible  persons  to whom  Awards  will be  granted  under  the  Plan  and (ii)
determine  the  number of shares of Common  Stock  that will be  subject to such
Awards;  PROVIDED,  HOWEVER,  that the  resolution  of the Board  granting  such
authority  shall (x) specify the total number of shares of Common Stock that may
be made  subject to the Awards,  (y) set forth the price or prices (or a formula
by which such price or prices may be  determined) to be paid for the purchase of
the Common  Stock  subject to such Awards,  and (z) not  authorize an officer to
designate himself as a recipient of any Award.

      3.3.  AUTHORITY OF THE COMMITTEE. The Committee, in its discretion,  shall
(i)  interpret  the Plan,  (ii)  prescribe,  amend,  and  rescind  any rules and
regulations  necessary or appropriate for the  administration of the Plan, (iii)
establish  performance  goals  for an Award  and  certify  the  extent  of their
achievement,  and (iv) make such other determinations or certifications and take
such other action as it deems  necessary or advisable in the  administration  of
the Plan. Any  interpretation,  determination,  or other action made or taken by
the Committee shall be final, binding, and conclusive on all interested parties.
The  Committee's  discretion  set  forth  herein  shall  not be  limited  by any

                                       6

provision of the Plan,  including any provision which by its terms is applicable
notwithstanding any other provision of the Plan to the contrary.

      The  Committee  may  delegate to officers  of the  Company,  pursuant to a
written delegation, the authority to perform specified functions under the Plan.
Any  actions  taken by any  officers of the  Company  pursuant  to such  written
delegation of authority shall be deemed to have been taken by the Committee.

      With  respect  to   restrictions  in  the  Plan  that  are  based  on  the
requirements of Rule 16b-3  promulgated  under the 1934 Act,  Section 422 of the
Code,  Section  162(m) of the Code,  Section 409A of the Code,  the rules of any
exchange or inter-dealer  quotation  system upon which the Company's  securities
are  listed  or  quoted,  or any  other  applicable  law,  rule  or  restriction
(collectively,  "APPLICABLE  LAW"), to the extent that any such restrictions are
no  longer  required  by  applicable  law,  the  Committee  shall  have the sole
discretion  and  authority to grant Awards that are not subject to such mandated
restrictions  and/or to waive any such  mandated  restrictions  with  respect to
outstanding Awards.

                                    ARTICLE 4
                                   ELIGIBILITY

      Any Employee  (including  an Employee who is also a director or an officer
of the Company), Contractor, Consultant or Outside Director of the Company whose
judgment,  initiative,  and efforts contributed or may be expected to contribute
to the  successful  performance of the Company is eligible to participate in the
Plan;  PROVIDED that only Employees of the Company or its Subsidiaries  shall be
eligible to receive Incentive Stock Options. The Committee, upon its own action,
may  grant,  but  shall not be  required  to  grant,  an Award to any  Employee,
Contractor,  Consultant  or Outside  Director of the Company or any  Subsidiary.
Awards may be granted by the  Committee at any time and from time to time to new
Participants,  or to then  Participants,  or to a greater  or  lesser  number of
Participants, and may include or exclude previous Participants, as the Committee
shall  determine.  Except as required by this Plan,  Awards granted at different
times need not contain similar provisions.  The Committee's determinations under
the Plan  (including  without  limitation  determinations  of  which  Employees,
Contractors,  Consultants or Outside  Directors,  if any, are to receive Awards,
the form,  amount and timing of such Awards,  the terms and  provisions  of such
Awards and the agreements  evidencing  same) need not be uniform and may be made
by it selectively  among  Participants who receive,  or are eligible to receive,
Awards under the Plan.

                                    ARTICLE 5
                             SHARES SUBJECT TO PLAN

      5.1.  NUMBER  AVAILABLE  FOR AWARDS.  Subject to adjustment as provided in
Articles  11 and 12, the  maximum  number of shares of Common  Stock that may be
delivered  pursuant to Awards  granted  under the Plan is Three  Thousand  Three
Hundred  (3,300)  shares,  one hundred  percent (100%) of which may be delivered
pursuant to Incentive  Stock Options.  Shares to be issued may be made available
from authorized but unissued  Common Stock,  Common Stock held by the Company in
its  treasury,  or Common  Stock  purchased by the Company on the open market or
otherwise.  During the term of this Plan,  the Company will at all times reserve
and keep available the number of shares of Common Stock that shall be sufficient
to satisfy the requirements of this Plan.

                                       7

      5.2.  REUSE OF SHARES.  To the extent that any Award under this Plan shall
be forfeited,  shall expire or be canceled, in whole or in part, then the number
of shares of Common  Stock  covered by the Award or stock  option so  forfeited,
expired or  canceled  may again be awarded  pursuant to the  provisions  of this
Plan. In the event that previously acquired shares of Common Stock are delivered
to the Company in full or partial payment of the exercise price for the exercise
of a Stock Option  granted under this Plan, the number of shares of Common Stock
available  for future  Awards  under this Plan shall be reduced  only by the net
number of shares of Common Stock  issued upon the exercise of the Stock  Option.
Awards that may be satisfied either by the issuance of shares of Common Stock or
by cash or other  consideration  shall be counted  against the maximum number of
shares of Common Stock that may be issued under this Plan only during the period
that the Award is outstanding or to the extent the Award is ultimately satisfied
by the issuance of shares of Common Stock.  Awards will not reduce the number of
shares  of  Common  Stock  that  may be  issued  pursuant  to  this  Plan if the
settlement of the Award will not require the issuance of shares of Common Stock,
as, for example,  a stock  appreciation  right that can be satisfied only by the
payment of cash.  Notwithstanding  any  provisions  of the Plan to the contrary,
only  shares  forfeited  back to the  Company,  shares  canceled  on  account of
termination,  expiration or lapse of an Award,  shares surrendered in payment of
the exercise  price of an option or shares  withheld  for payment of  applicable
employment taxes and/or withholding  obligations  resulting from the exercise of
an option shall again be available  for grant of Stock  Options  under the Plan,
but shall not  increase  the maximum  number of shares  described in Section 5.1
above as the  maximum  number of shares of Common  Stock  that may be  delivered
pursuant to Stock Options.

                                    ARTICLE 6
                                 GRANT OF AWARDS

      6.1.  IN  GENERAL.  The  grant of an  Award  shall  be  authorized  by the
Committee  and  shall be  evidenced  by an Award  Agreement  setting  forth  the
Incentive  or  Incentives  being  granted,  the total number of shares of Common
Stock subject to the Incentive(s),  the Option Price (if applicable),  the Award
Period, the Date of Grant, and such other terms,  provisions,  limitations,  and
performance objectives,  as are approved by the Committee,  but not inconsistent
with the Plan.  The Company shall execute an Award  Agreement with a Participant
after  the  Committee  approves  the  issuance  of an Award.  Any Award  granted
pursuant  to this  Plan must be  granted  within  ten (10)  years of the date of
adoption of this Plan. The Plan shall be submitted to the Company's stockholders
for  approval;  HOWEVER,  the Committee may grant Awards under the Plan prior to
the  time  of  stockholder  approval.  Any  such  Award  granted  prior  to such
stockholder  approval shall be made subject to such  stockholder  approval.  The
grant of an Award to a  Participant  shall not be deemed  either to entitle  the
Participant  to, or to disqualify  the  Participant  from,  receipt of any other
Award under the Plan.

      6.2.  OPTION  PRICE.  The Option Price for any share of Common Stock which
may be purchased under a Nonqualified Stock Option for any share of Common Stock
may be equal to or greater  than the Fair Market  Value of the share on the Date
of Grant.  The Option Price for any share of Common Stock which may be purchased
under an Incentive  Stock Option must be at least equal to the Fair Market Value

                                       8

of the share on the Date of Grant; if an Incentive Stock Option is granted to an
Employee  who owns or is deemed to own (by  reason of the  attribution  rules of
Section  424(d) of the Code) more than ten percent (10%) of the combined  voting
power of all classes of stock of the Company (or any parent or Subsidiary),  the
Option Price shall be at least one hundred ten percent (110%) of the Fair Market
Value of the Common Stock on the Date of Grant.

      6.3.  MAXIMUM ISO GRANTS.  The  Committee  may not grant  Incentive  Stock
Options  under the Plan to any Employee  which would permit the  aggregate  Fair
Market Value  (determined on the Date of Grant) of the Common Stock with respect
to which  Incentive  Stock Options (under this and any other plan of the Company
and its Subsidiaries) are exercisable for the first time by such Employee during
any calendar  year to exceed One Hundred  Thousand  Dollars  ($100,000).  To the
extent  any Stock  Option  granted  under this Plan  which is  designated  as an
Incentive  Stock Option  exceeds this limit or otherwise  fails to qualify as an
Incentive Stock Option, such Stock Option (or any such portion thereof) shall be
a Nonqualified  Stock Option.  In such case, the Committee shall designate which
stock will be treated as Incentive Stock Option stock by causing the issuance of
a separate  stock  certificate  and  identifying  such stock as Incentive  Stock
Option stock on the Company's stock transfer records.

      6.4.  OTHER AWARDS. The Committee may grant to any Participant other forms
of Awards, based upon, payable in, or otherwise related to, in whole or in part,
shares of Common  Stock,  if the  Committee  determines  that such other form of
Award is consistent  with the purpose and  restrictions  of this Plan. The terms
and conditions of such other form of Award shall be specified by the grant. Such
Other  Awards  may be  granted  for no  cash  consideration,  for  such  minimum
consideration  as  may  be  required  by  applicable  law,  or  for  such  other
consideration as may be specified by the grant.

      6.5.  TANDEM AWARDS. The Committee may grant two or more Incentives in one
Award in the form of a "tandem  Award," so that the right of the  Participant to
exercise  one  Incentive  shall be  canceled  if, and to the  extent,  the other
Incentive is exercised.  For example, if a Stock Option and a stock appreciation
right are issued in a tandem  Award,  and the  Participant  exercises  the stock
appreciation right with respect to one hundred (100) shares of Common Stock, the
right of the  Participant to exercise the related Stock Option shall be canceled
to the extent of one hundred (100) shares of Common Stock.

                                    ARTICLE 7
                              AWARD PERIOD; VESTING

      7.1.  AWARD  PERIOD.  Subject to the other  provisions  of this Plan,  the
Committee may, in its discretion, provide that an Incentive may not be exercised
in  whole  or in part for any  period  or  periods  of time or  beyond  any date
specified in the Award Agreement.  Except as provided in the Award Agreement, an
Incentive may be exercised in whole or in part at any time during its term.  The
Award Period for an Incentive shall be reduced or terminated upon Termination of
Service.  No Incentive granted under the Plan may be exercised at any time after
the end of its Award Period.  No portion of any Incentive may be exercised after
the expiration of ten (10) years from its Date of Grant. However, if an Employee
owns or is deemed to own (by reason of the  attribution  rules of Section 424(d)
of the Code) more than ten percent  (10%) of the  combined  voting  power of all

                                       9

classes of stock of the Company (or any parent or  Subsidiary)  and an Incentive
Stock  Option is  granted to such  Employee,  the term of such  Incentive  Stock
Option (to the  extent  required  by the Code at the time of grant)  shall be no
more than five (5) years from the Date of Grant.

      7.2.  VESTING. The Committee,  in its sole discretion,  may determine that
an Incentive will be immediately  vested in whole or in part, or that all or any
portion  may not be vested  until a date,  or dates,  subsequent  to its Date of
Grant, or until the occurrence of one or more specified  events,  subject in any
case to the terms of the Plan. If the Committee imposes conditions upon vesting,
then,  subsequent  to the  Date  of  Grant,  the  Committee  may,  in  its  sole
discretion, accelerate the date on which all or any portion of the Incentive may
be vested.

                                    ARTICLE 8
                       EXERCISE OR CONVERSION OF INCENTIVE

      8.1.  IN GENERAL. A vested Incentive may be exercised or converted, during
its Award Period, subject to limitations and restrictions set forth in the Award
Agreement.

      8.2.  SECURITIES  LAW  AND  EXCHANGE  RESTRICTIONS.  In no  event  may  an
Incentive be exercised or shares of Common Stock be issued  pursuant to an Award
if a necessary  listing or  quotation  of the shares of Common  Stock on a stock
exchange or  interdealer  quotation  system or any  registration  under state or
federal   securities  laws  required  under  the   circumstances  has  not  been
accomplished.

      8.3.  EXERCISE OF STOCK OPTION.

            (a) IN GENERAL.  If a Stock Option is exercisable  prior to the time
it is vested,  the Common  Stock  obtained on the  exercise of the Stock  Option
shall be restricted  stock which is subject to the applicable  provisions of the
Plan and the Award Agreement. If the Committee imposes conditions upon exercise,
then subsequent to the Date of Grant, the Committee may, in its sole discretion,
accelerate  the date on which  all or any  portion  of the Stock  Option  may be
exercised.  The granting of a Stock Option shall impose no  obligation  upon the
Participant to exercise that Stock Option.

            (b) NOTICE AND PAYMENT.  Subject to such administrative  regulations
as the Committee may from time to time adopt, a Stock Option may be exercised by
the delivery of written notice to the Company setting forth the number of shares
of Common Stock with  respect to which the Stock  Option is to be exercised  and
the date of exercise thereof (the "EXERCISE DATE") which shall be at least three
(3) days  after  giving  such  notice  unless an  earlier  time  shall have been
mutually agreed upon. On the Exercise Date, the Participant shall deliver to the
Company consideration with a value equal to the total Option Price of the shares
to be purchased,  payable as provided in the Award Agreement,  which may provide
for payment in any one or more of the following  ways:  (a) cash or check,  bank
draft,  or money order  payable to the order of the  Company,  (b) Common  Stock
(including  restricted  stock) owned by the  Participant  on the Exercise  Date,
valued at its Fair Market Value on the Exercise Date, and which the  Participant
has not  acquired  from the Company  within six (6) months prior to the Exercise
Date, (c) by delivery  (including by telephonic  facsimile  transmission) to the
Company or its designated agent of an executed  irrevocable option exercise form

                                       10

together  with  irrevocable  instructions  from the  Participant  to a broker or
dealer,  reasonably  acceptable to the Company, to sell certain of the shares of
Common  Stock  purchased  upon  exercise  of the Stock  Option or to pledge such
shares as collateral  for a loan and promptly  deliver to the Company the amount
of sale or loan proceeds necessary to pay such purchase price, and/or (d) in any
other form of valid  consideration  that is  acceptable  to the Committee in its
sole  discretion.  In the event that shares of restricted  stock are tendered as
consideration  for the exercise of a Stock Option,  a number of shares of Common
Stock issued upon the exercise of the Stock Option with an Option Price equal to
the value of restricted stock used as consideration therefor shall be subject to
the same restrictions and provisions as the restricted stock so tendered.

            (c) [RESERVED]

            (d) ISSUANCE OF  CERTIFICATE.  Except as  otherwise  provided in the
applicable  Award   Agreement,   upon  payment  of  all  amounts  due  from  the
Participant,  the Company  shall cause  certificates  for the Common  Stock then
being  purchased to be delivered as directed by the  Participant  (or the person
exercising the  Participant's  Stock Option in the event of his or her death) at
its principal business office promptly after the Exercise Date; PROVIDED that if
the Participant has exercised an Incentive Stock Option,  the Company may at its
option retain  physical  possession  of the  certificate  evidencing  the shares
acquired upon exercise until the expiration of the holding periods  described in
Section  422(a)(1) of the Code.  The obligation of the Company to deliver shares
of Common Stock shall, however, be subject to the condition that, if at any time
the Committee shall determine in its discretion that the listing,  registration,
or  qualification  of the Stock Option or the Common  Stock upon any  securities
exchange or inter-dealer  quotation system or under any state or federal law, or
the consent or approval of any  governmental  regulatory body, is necessary as a
condition  of, or in  connection  with,  the Stock  Option  or the  issuance  or
purchase  of shares of Common  Stock  thereunder,  the Stock  Option  may not be
exercised in whole or in part unless such listing, registration,  qualification,
consent, or approval shall have been effected or obtained free of any conditions
not reasonably acceptable to the Committee.

            (e) FAILURE TO PAY.  Except as may otherwise be provided in an Award
Agreement, if the Participant fails to pay for any of the Common Stock specified
in such  notice  or  fails to  accept  delivery  thereof,  that  portion  of the
Participant's  Stock  Option  and right to  purchase  such  Common  Stock may be
extinguished by the Company.

      8.4.  DISQUALIFYING  DISPOSITION OF INCENTIVE  STOCK OPTION.  If shares of
Common Stock acquired upon exercise of an Incentive Stock Option are disposed of
by a Participant  prior to the  expiration of either two (2) years from the Date
of Grant of such  Stock  Option or one (1) year from the  transfer  of shares of
Common Stock to the  Participant  pursuant to the exercise of such Stock Option,
or in any other  disqualifying  disposition within the meaning of Section 422 of
the Code, such  Participant  shall notify the Company in writing of the date and
terms of such  disposition.  A disqualifying  disposition by a Participant shall
not affect the status of any other  Stock  Option  granted  under the Plan as an
Incentive Stock Option within the meaning of Section 422 of the Code.

                                       11

                                    ARTICLE 9
                           AMENDMENT OR DISCONTINUANCE

      Subject to the  limitations  set forth in this Article 9, the Board may at
any time and from time to time, without the consent of the Participants,  alter,
amend,  revise,  suspend, or discontinue the Plan in whole or in part; PROVIDED,
HOWEVER, that no amendment for which stockholder approval is required either (i)
by any securities exchange or inter-dealer  quotation system on which the Common
Stock is listed or traded or (ii) in order for the Plan and  Incentives  awarded
under the Plan to continue to comply with Sections 162(m), 409A, 421, and 422 of
the Code,  including any successors to such Sections,  shall be effective unless
such amendment  shall be approved by the requisite vote of the  stockholders  of
the Company  entitled to vote thereon.  Any such amendment  shall, to the extent
deemed necessary or advisable by the Committee, be applicable to any outstanding
Incentives  theretofore  granted  under the Plan,  notwithstanding  any contrary
provisions contained in any Award Agreement.  In the event of any such amendment
to the Plan, the holder of any Incentive  outstanding under the Plan shall, upon
request of the  Committee  and as a  condition  to the  exercisability  thereof,
execute a conforming  amendment in the form  prescribed  by the Committee to any
Award Agreement  relating thereto.  Notwithstanding  anything  contained in this
Plan  to the  contrary,  unless  required  by law,  no  action  contemplated  or
permitted by this Article 9 shall adversely affect any rights of Participants or
obligations  of the  Company  to  Participants  with  respect  to any  Incentive
theretofore  granted  under  the  Plan  without  the  consent  of  the  affected
Participant.

                                   ARTICLE 10
                                      TERM

      The Plan shall be  effective  from the date that this Plan is  approved by
the  Board.  Unless  sooner  terminated  by action of the  Board,  the Plan will
terminate  on January __, 2017,  but  Incentives  granted  before that date will
continue to be effective in accordance with their terms and conditions.

                                   ARTICLE 11
                               CAPITAL ADJUSTMENTS

      In the event that the Committee shall determine that any dividend or other
distribution  (whether in the form of cash, Common Stock,  other securities,  or
other  property),  recapitalization,  stock split,  reverse stock split,  rights
offering, reorganization,  merger, consolidation, split-up, spin-off, split-off,
combination,  subdivision,  repurchase,  or  exchange  of Common  Stock or other
securities  of the  Company,  issuance of  warrants or other  rights to purchase
Common Stock or other  securities  of the Company,  or other  similar  corporate
transaction  or event  affects  the  Common  Stock  such that an  adjustment  is
determined  by the  Committee  to be  appropriate  to prevent  the  dilution  or
enlargement of the benefits or potential  benefits intended to be made available
under  the  Plan,  then  the  Committee  shall,  in such  manner  as it may deem
equitable,  adjust any or all of the (i) the number of shares and type of Common
Stock (or the securities or property)  which  thereafter may be made the subject
of  Awards,  (ii) the  number  of  shares  and type of  Common  Stock  (or other
securities  or property)  subject to  outstanding  Awards,  and (iii) the Option
Price  of  each  outstanding  Award.  In  lieu  of  the  foregoing,   if  deemed
appropriate,  the Committee may make  provision for a cash payment to the holder

                                       12

of an outstanding Award.  Notwithstanding  the foregoing,  no such adjustment or
cash payment shall be made or  authorized to the extent that such  adjustment or
cash payment would cause the Plan or any Stock Option to violate  Section 422 of
the Code.  Such  adjustments  shall be made in accordance  with the rules of any
securities  exchange,  stock  market,  or stock  quotation  system  to which the
Company is subject.

      Upon the  occurrence of any such  adjustment or cash payment,  the Company
shall provide  notice to each affected  Participant  of its  computation of such
adjustment or cash payment  which shall be conclusive  and shall be binding upon
each such Participant.

                                   ARTICLE 12
                  RECAPITALIZATION, MERGER AND CONSOLIDATION

      12.1. NO EFFECT ON  COMPANY'S  AUTHORITY.  The  existence of this Plan and
Incentives  granted  hereunder shall not affect in any way the right or power of
the Company or its  stockholders  to make or authorize  any or all  adjustments,
recapitalizations,  reorganizations,  or other changes in the Company's  capital
structure  and  its  business,  or any  Change  in  Control,  or any  merger  or
consolidation of the Company, or any issuance of bonds, debentures, preferred or
preference  stocks  ranking prior to or otherwise  affecting the Common Stock or
the rights thereof (or any rights,  options,  or warrants to purchase  same), or
the dissolution or liquidation of the Company, or any sale or transfer of all or
any part of its assets or business,  or any other  corporate act or  proceeding,
whether of a similar character or otherwise.

      12.2. CONVERSION OF  INCENTIVES  WHERE  COMPANY  SURVIVES.  Subject to any
required action by the stockholders and except as otherwise  provided by Section
12.4 hereof or as may be required  to comply with  Section  409A of the Code and
the regulations or other guidance issued thereunder, if the Company shall be the
surviving  or  resulting  corporation  in any  merger,  consolidation  or  share
exchange,  any  Incentive  granted  hereunder  shall pertain to and apply to the
securities or rights (including cash, property,  or assets) to which a holder of
the number of shares of Common Stock  subject to the  Incentive  would have been
entitled.

      12.3. EXCHANGE  OR  CANCELLATION  OF  INCENTIVES  WHERE  COMPANY  DOES NOT
SURVIVE.  Except as  otherwise  provided  by  Section  12.4  hereof or as may be
required to comply with  Section 409A of the Code and the  regulations  or other
guidance issued thereunder,  in the event of any merger,  consolidation or share
exchange  pursuant  to which  the  Company  is not the  surviving  or  resulting
corporation,  there shall be substituted  for each share of Common Stock subject
to the unexercised portions of outstanding Incentives,  that number of shares of
each class of stock or other  securities  or that amount of cash,  property,  or
assets  of  the  surviving,   resulting  or  consolidated   company  which  were
distributed or  distributable  to the  stockholders of the Company in respect to
each  share of Common  Stock held by them,  such  outstanding  Incentives  to be
thereafter  exercisable  for  such  stock,  securities,  cash,  or  property  in
accordance with their terms.

      12.4. CANCELLATION  OF  INCENTIVES.   Notwithstanding  the  provisions  of
Sections  12.2 and 12.3  hereof,  and except as may be  required  to comply with
Section  409A  of  the  Code  and  the  regulations  or  other  guidance  issued
thereunder,  all Incentives granted hereunder may be canceled by the Company, in
its sole discretion,  as of the effective date of any Change in Control, merger,

                                       13

consolidation or share exchange, or any issuance of bonds, debentures, preferred
or preference stocks ranking prior to or otherwise affecting the Common Stock or
the rights thereof (or any rights, options, or warrants to purchase same), or of
any proposed sale of all or substantially  all of the assets of the Company,  or
of any dissolution or liquidation of the Company, by either:

            (a) giving   notice  to  each   Participant   or  his/her   personal
representative  of the Company's  intention to cancel those Incentives for which
the issuance of shares of Common Stock involved  payment by the  Participant for
such  shares  and,  permitting  the  purchase,  during  the five (5) day  period
preceding the effective date of such  cancellation,  of any or all of the shares
of Common Stock subject to such outstanding Incentives, including in the Board's
discretion  some or all of the  shares  as to which  such  Incentives  would not
otherwise be vested and exercisable; or

            (b) in the case of  Incentives  that are either (i) settled  only in
shares of Common Stock, or (ii) at the election of the  Participant,  settled in
shares of Common Stock,  paying such Participant an amount equal to a reasonable
estimate  of the  difference  between  the net amount per share  payable in such
transaction or as a result of such transaction,  and the price per share of such
Incentive to be paid by the Participant  (hereinafter the "SPREAD"),  multiplied
by the number of shares  subject to the  Incentive.  In  estimating  the Spread,
appropriate  adjustments to give effect to the existence of the Incentives shall
be made, such as deeming the Incentives to have been exercised, with the Company
receiving  the  exercise  price  payable  thereunder,  and  treating  the shares
receivable  upon exercise of the Incentives as being  outstanding in determining
the net amount per share.  In cases where the proposed  transaction  consists of
the  acquisition  of assets of the  Company,  the net amount per share  shall be
calculated on the basis of the net amount  receivable  with respect to shares of
Common Stock upon a  distribution  and  liquidation  by the Company after giving
effect to expenses and charges,  including but not limited to taxes,  payable by
the Company before such liquidation could be completed.

            (c) An Award that by its terms would be fully vested or  exercisable
upon a Change in Control will be considered  vested or exercisable  for purposes
of Section 12.4(a) hereof.

                                   ARTICLE 13
                           LIQUIDATION OR DISSOLUTION

      Subject to Section 12.4  hereof,  in case the Company  shall,  at any time
while any Incentive under this Plan shall be in force and remain unexpired,  (i)
sell all or substantially all of its property, or (ii) dissolve,  liquidate,  or
wind up its affairs, then each Participant shall be entitled to receive, in lieu
of each share of Common Stock of the Company which such  Participant  would have
been  entitled to receive under the  Incentive,  the same kind and amount of any
securities or assets as may be issuable, distributable, or payable upon any such
sale,  dissolution,  liquidation,  or winding  up with  respect to each share of
Common  Stock of the  Company.  If the Company  shall,  at any time prior to the
expiration of any Incentive, make any partial distribution of its assets, in the
nature  of a  partial  liquidation,  whether  payable  in cash  or in kind  (but
excluding the  distribution of a cash dividend payable out of earned surplus and
designated  as such) and an  adjustment  is  determined  by the  Committee to be
appropriate  to prevent the  dilution  of the  benefits  or  potential  benefits

                                       14

intended to be made available under the Plan, then the Committee  shall, in such
manner as it may deem  equitable,  make such  adjustment in accordance  with the
provisions of Article 11 hereof.

                                   ARTICLE 14
                         INCENTIVES IN SUBSTITUTION FOR
                      INCENTIVES GRANTED BY OTHER ENTITIES

      Incentives may be granted under the Plan from time to time in substitution
for similar instruments held by employees, consultants, contractors or directors
of a corporation,  partnership,  or limited  liability company who become or are
about to become Employees, Contractors,  Consultants or Outside Directors of the
Company  or any  Subsidiary  as a result  of a merger  or  consolidation  of the
employing corporation with the Company, the acquisition by the Company of equity
of the employing entity, or any other similar transaction  pursuant to which the
Company  becomes  the  successor  employer.  The  terms  and  conditions  of the
substitute  Incentives  so granted  may vary from the terms and  conditions  set
forth in this Plan to such extent as the Committee at the time of grant may deem
appropriate to conform, in whole or in part, to the provisions of the Incentives
in substitution for which they are granted.

                                   ARTICLE 15
                            MISCELLANEOUS PROVISIONS

      15.1. INVESTMENT  INTENT.  The Company may require that there be presented
to and filed with it by any Participant  under the Plan, such evidence as it may
deem necessary to establish that the Incentives  granted or the shares of Common
Stock to be purchased or  transferred  are being acquired for investment and not
with a view to their distribution.

      15.2. NO RIGHT TO CONTINUED EMPLOYMENT. Neither the Plan nor any Incentive
granted under the Plan shall confer upon any  Participant any right with respect
to continuance of employment by the Company or any Subsidiary.

      15.3. INDEMNIFICATION  OF BOARD AND  COMMITTEE.  No member of the Board or
the  Committee,  nor any officer or Employee of the Company  acting on behalf of
the  Board  or the  Committee,  shall  be  personally  liable  for  any  action,
determination, or interpretation taken or made in good faith with respect to the
Plan,  and all  members  of the Board and the  Committee,  each  officer  of the
Company,  and each Employee of the Company  acting on behalf of the Board or the
Committee  shall,  to the extent  permitted  by law,  be fully  indemnified  and
protected  by the  Company  in  respect of any such  action,  determination,  or
interpretation.

      15.4. EFFECT OF THE PLAN. Neither the adoption of this Plan nor any action
of the Board or the Committee shall be deemed to give any person any right to be
granted  an Award or any other  rights  except as may be  evidenced  by an Award
Agreement,  or any  amendment  thereto,  duly  authorized  by the  Committee and
executed  on behalf of the  Company,  and then only to the  extent  and upon the
terms and conditions expressly set forth therein.

      15.5. COMPLIANCE WITH OTHER LAWS AND REGULATIONS. Notwithstanding anything
contained  herein to the contrary,  the Company shall not be required to sell or
issue shares of Common Stock under any  Incentive if the issuance  thereof would
constitute a violation by the  Participant  or the Company of any  provisions of

                                       15

any law or regulation of any governmental  authority or any national  securities
exchange or  inter-dealer  quotation  system or other  forum in which  shares of
Common Stock are quoted or traded (including  without  limitation  Section 16 of
the 1934 Act and Section 162(m) of the Code); and, as a condition of any sale or
issuance of shares of Common Stock under an Incentive, the Committee may require
such agreements or undertakings,  if any, as the Committee may deem necessary or
advisable to assure  compliance  with any such law or regulation.  The Plan, the
grant and exercise of Incentives hereunder, and the obligation of the Company to
sell and  deliver  shares of Common  Stock,  shall be subject to all  applicable
federal and state  laws,  rules and  regulations  and to such  approvals  by any
government or regulatory agency as may be required.

      15.6. TAX REQUIREMENTS. The Company or, if applicable, any Subsidiary (for
purposes of this Section 15.6, the term "COMPANY" shall be deemed to include any
applicable Subsidiary),  shall have the right to deduct from all amounts paid in
cash or other form in connection  with the Plan, any Federal,  state,  local, or
other taxes  required by law to be withheld in connection  with an Award granted
under this Plan.  The Company  may,  in its sole  discretion,  also  require the
Participant  receiving  shares of Common  Stock issued under the Plan to pay the
Company  the amount of any taxes that the  Company is  required  to  withhold in
connection with the Participant's income arising with respect to the Award. Such
payments  shall be  required  to be made when  requested  by Company  and may be
required to be made prior to the delivery of any certificate representing shares
of Common  Stock.  Such  payment may be made (i) by the  delivery of cash to the
Company in an amount that equals the required tax withholding obligations of the
Company;  (ii) if the Company,  in its sole discretion,  so consents in writing,
the actual  delivery by the  exercising  Participant to the Company of shares of
Common Stock that the  Participant  has not acquired from the Company within six
(6) months  prior to the date of exercise,  which  shares so  delivered  have an
aggregate  Fair Market Value that equals the required tax  withholding  payment;
(iii) if the  Company,  in its sole  discretion,  so consents  in  writing,  the
Company's withholding of a number of shares to be delivered upon the exercise of
the Award,  which shares so withheld  have an  aggregate  fair market value that
equals (but does not exceed) the required tax withholding  payment;  or (iv) any
combination  of (i),  (ii), or (iii).  The Company may, in its sole  discretion,
withhold any such taxes from any other cash  remuneration  otherwise paid by the
Company to the Participant.  The Committee may in the Award Agreement impose any
additional tax  requirements or provisions that the Committee deems necessary or
desirable.

      15.7. ASSIGNABILITY.  Incentive  Stock  Options  may  not be  transferred,
assigned,  pledged,  hypothecated or otherwise conveyed or encumbered other than
by will or the laws of descent and  distribution and may be exercised during the
lifetime of the Participant only by the Participant or the Participant's legally
authorized  representative,  and each Award Agreement in respect of an Incentive
Stock Option shall so provide. The designation by a Participant of a beneficiary
will not  constitute a transfer of the Stock Option.  The Committee may waive or
modify any limitation  contained in the preceding sentences of this Section 15.7
that is not required for compliance with Section 422 of the Code.

      Except as otherwise provided herein, Nonqualified Stock Options may not be
transferred, assigned, pledged, hypothecated or otherwise conveyed or encumbered
other than by will or the laws of descent and  distribution.  The Committee may,
in its discretion,  authorize all or a portion of a Nonqualified Stock Option to
be granted to a Participant on terms which permit  transfer by such  Participant

                                       16

to  (i)  the  spouse  (or  former  spouse),  children  or  grandchildren  of the
Participant  ("IMMEDIATE  FAMILY  MEMBERS"),  (ii) a  trust  or  trusts  for the
exclusive benefit of such Immediate Family Members, (iii) a partnership in which
the only  partners are (1) such  Immediate  Family  Members  and/or (2) entities
which are  controlled by Immediate  Family  Members,  (iv) an entity exempt from
federal  income tax pursuant to Section  501(c)(3) of the Code or any  successor
provision,  or (v) a split  interest  trust or pooled  income fund  described in
Section  2522(c)(2)  of the Code or any successor  provision,  PROVIDED THAT (x)
there shall be no consideration  for any such transfer,  (y) the Award Agreement
pursuant to which such Nonqualified  Stock Option is granted must be approved by
the  Committee  and  must  expressly  provide  for  transferability  in a manner
consistent  with this  Section,  and (z)  subsequent  transfers  of  transferred
Nonqualified  Stock Options shall be prohibited except those by will or the laws
of descent and distribution. Following any transfer, any such Nonqualified Stock
Option  shall  continue to be subject to the same terms and  conditions  as were
applicable immediately prior to transfer, provided that for purposes of Articles
8, 9, 11, 13 and 15 hereof the term "Participant" shall be deemed to include the
transferee.  The events of  Termination  of Service shall continue to be applied
with respect to the original Participant, following which the Nonqualified Stock
Options shall be exercisable or convertible by the transferee only to the extent
and for the periods  specified in the Award  Agreement.  The  Committee  and the
Company  shall have no obligation  to inform any  transferee  of a  Nonqualified
Stock Option of any expiration, termination, lapse or acceleration of such Stock
Option.  The Company  shall have no  obligation  to register with any federal or
state securities  commission or agency any Common Stock issuable or issued under
a Nonqualified  Stock Option that has been  transferred  by a Participant  under
this Section 15.7.

      15.8. USE OF  PROCEEDS.  Proceeds  from the sale of shares of Common Stock
pursuant to Incentives granted under this Plan shall constitute general funds of
the Company.

      15.9. LEGEND. In the event the Company physically  transfers  certificates
representing  shares of  restricted  stock to a  Participant,  each  certificate
representing such shares of restricted stock shall bear the following legend, or
a similar  legend deemed by the Company to constitute an  appropriate  notice of
the  provisions  hereof (any such  certificate  not having such legend  shall be
surrendered upon demand by the Company and so endorsed):

      On the face of the certificate:

         "Transfer of this stock is  restricted in  accordance  with  conditions
         printed on the reverse of this certificate. "

      On the reverse:

         "The shares of stock  evidenced by this  certificate are subject to and
         transferable  only in  accordance  with that certain  Collins I Holding
         Corp. 2007 Long-Term  Incentive Plan, a copy of which is on file at the
         principal  office  of the  Company  in  Middletown,  Rhode  Island.  No
         transfer or pledge of the shares evidenced hereby may be made except in
         accordance  with  and  subject  to the  provisions  of  said  Plan.  By
         acceptance  of this  certificate,  any  holder,  transferee  or pledgee
         hereof agrees to be bound by all of the provisions of said Plan."

                                       17

      The following legend shall be inserted on a certificate  evidencing Common
Stock  issued  under the Plan if the  shares  were not  issued in a  transaction
registered under the applicable federal and state securities laws:

         "Shares of stock  represented by this certificate have been acquired by
         the holder for investment and not for resale, transfer or distribution,
         have  been  issued  pursuant  to  exemptions   from  the   registration
         requirements of applicable  state and federal  securities laws, and may
         not be offered for sale,  sold or  transferred  other than  pursuant to
         effective registration under such laws, or in transactions otherwise in
         compliance  with  such  laws,  and upon  evidence  satisfactory  to the
         Company of compliance  with such laws, as to which the Company may rely
         upon an opinion of counsel satisfactory to the Company."

      A copy of this Plan shall be kept on file in the  principal  office of the
Company in Middletown, Rhode Island.

                 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.

                                       18

      IN WITNESS WHEREOF,  the Company has caused this instrument to be executed
as of January __, 2007, by its President and Secretary  pursuant to prior action
taken by the Board of the Company.

                                    COLLINS I HOLDING CORP.

                                    By:
                                        ----------------------------------------
                                        _________________, President

Attest:

----------------------------
----------------, Secretary

                                       19EX-4.1

                              AMENDED AND RESTATED

               CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS

                                       OF

                      SERIES B CONVERTIBLE PREFERRED STOCK

                                       OF

                                UTIX GROUP, INC.

                         (Pursuant to Section 151 of the
                        Delaware General Corporation Law)

            UTIX GROUP,  INC., a corporation  organized  and existing  under the
laws of the State of Delaware (the  "Corporation"),  acting  pursuant to Section
151 of the Delaware  General  Corporation  Law ("DGCL"),  does hereby certify as
follows:

            WHEREAS,  Article FOURTH of the Amended and Restated  Certificate of
Incorporation  of the  Corporation  authorizes a class of shares  designated  as
preferred stock,  consisting of Twenty-Five Million (25,000,000) shares,  $0.001
par  value  per share  (the  "Preferred  Stock"),  and  authorizes  the Board of
Directors of the Corporation to designate  series of Preferred Stock and fix the
rights and preferences of such series; and

            WHEREAS,  on  November  3,  2006,  as  authorized  by the  Board  of
Directors  of  the   Corporation,   the  Corporation   filed  a  Certificate  of
Designations,  Preferences  and Rights of Series B Preferred  Stock,  creating a
series of Preferred Stock, designated as "Series B Convertible Preferred Stock",
with Two Million Six Hundred Ninety-Two Thousand Three Hundred Eight (2,692,308)
shares constituting such series; and

            WHEREAS,  pursuant  to Section  151(g) of the DGCL,  on January  19,
2007, the Board of Directors of the Corporation adopted resolutions  authorizing
(a) an increase in the number of shares constituting the Corporation's  Series B
Convertible  Preferred Stock to Three Million  (3,000,000)  shares,  and (b) the
amendment  and  restatement  in  their  entirety  of  the  rights,  preferences,
privileges, and other matters relating to the Corporation's Series B Convertible
Preferred Stock, as set forth below.

            "RESOLVED,  that,  pursuant  to  authority  vested  in the  Board of
Directors of the Corporation by Article FOURTH of the Corporation's  Amended and
Restated  Certificate of  Incorporation,  out of the total authorized  number of
Twenty-Five  Million  (25,000,000) shares of its Preferred Stock, there shall be
designated a series of Three Million (3,000,000) shares which shall be issued in
and  constitute a single series to be known as "Series B  Convertible  Preferred
Stock"

<PAGE>

(hereinafter  called the  "Series B  Preferred  Stock").  The shares of Series B
Preferred  Stock have the voting  powers,  designations,  preferences  and other
special rights,  and  qualifications,  limitations and restrictions  thereof set
forth below:

            1.    CERTAIN  DEFINITIONS.  As used in this  Amended  and  Restated
Certificate  of  Designations,  Preferences  and Rights of Series B  Convertible
Preferred  Stock  of Utix  Group,  Inc.,  the  following  terms  shall  have the
respective meanings set forth below:

            "AFFILIATE",  as  applied  to any  Person,  means any  other  Person
directly or indirectly controlling, controlled by, or under common control with,
that Person.  For the purposes of this definition,  "control"  (including,  with
correlative meanings, the terms "controlling", "controlled by" and "under common
control  with"),  as applied to any Person,  means the  possession,  directly or
indirectly,  of the power to direct or cause the direction of the management and
policies of that Person,  whether through the ownership of voting  securities or
by contract or otherwise.

            "COMMON  STOCK" means the common stock,  $0.001 par value per share,
of the Corporation,  including the stock into which the Series B Preferred Stock
is  convertible,  and  any  securities  into  which  the  Common  Stock  may  be
reclassified.

            "CONVERSION  SHARES" means the shares of Common Stock into which the
Series B Preferred Stock is convertible.

            "EXCLUDED  STOCK"  means (A) capital  stock,  Options (as defined in
Section 4D(1)) or Convertible Securities (as defined in Section 4D(1)) issued to
employees, consultants, officers or directors of the Corporation pursuant to any
stock or option plan duly adopted by a majority of the  non-employee  members of
the Board of  Directors  of the  Corporation  or a majority  of the members of a
committee of non-employee  directors established for such purpose, (B) shares of
Common Stock issued upon the  conversion  or exercise of Options or  Convertible
Securities  issued prior to the date hereof,  provided that such securities have
not been  amended  since the date  hereof to  increase  the  number of shares of
Common Stock  issuable  thereunder or to lower the exercise or conversion  price
thereof,  (C) securities  issued pursuant to those certain  Purchase  Agreements
dated  November  9, 2006 and  January 3,  2007,  among the  Corporation  and the
Investors named therein (the "Purchase  Agreements") and securities  issued upon
the exercise or conversion of those  securities,  and (D) shares of Common Stock
issued or issuable by reason of a dividend, stock split or other distribution on
shares of Common  Stock (but only to the extent that such a  dividend,  split or
distribution  results in an adjustment in the  Conversion  Price pursuant to the
other provisions of this Series B Preferred Stock).

            "PERSON"  shall be  construed  in the  broadest  sense and means and
includes any natural person,  a partnership,  a corporation,  an association,  a
joint stock company, a limited liability  company, a trust, a joint venture,  an
unincorporated    organization    and   other   entity   or    governmental   or
quasi-governmental entity.

            "SERIES B STATED VALUE" means $1.30.

                                     - 2 -
<PAGE>

            "SUBSIDIARY"  means any  corporation,  association or other business
entity (i) at least 50% of the outstanding voting securities of which are at the
time owned or controlled,  directly or indirectly,  by the Corporation;  or (ii)
with respect to which the  Corporation  possesses,  directly or indirectly,  the
power to direct or cause the  direction  of the  affairs or  management  of such
person;

            2.    DIVIDENDS.  Dividends on the Series B Preferred Stock shall be
declared and paid from time to time as determined by the Corporation's  Board of
Directors out of funds legally  available  therefor.  The Corporation  shall not
declare,  pay or set aside any  dividends or  distributions  on shares of Common
Stock (other than dividends  payable  solely in shares of Common Stock),  unless
the  holders  of Series B  Preferred  Stock  first  receive,  or  simultaneously
receive,  a  dividend  or  distribution  on each  outstanding  share of Series B
Preferred  Stock  equal  to the  product  of  (i)  the  per  share  dividend  or
distribution to be declared,  paid or set aside for the Common Stock, multiplied
by (ii) the  number of shares of Common  Stock into which such share of Series B
Preferred Stock is then convertible.

            3.    LIQUIDATION.  Upon any liquidation,  dissolution or winding up
of the Corporation,  whether voluntary or involuntary, the holders of the shares
of Series B Preferred Stock shall be entitled, before any distributions shall be
made to the holders of the Common Stock, or any other class or series of capital
stock of the  Corporation  ranking junior to the Series B Preferred  Stock as to
such distributions,  to be paid an amount per share equal to the Series B Stated
Value plus any accrued and unpaid Series B Preferred Dividends (the "Liquidation
Preference").  If  upon  such  liquidation,  dissolution  or  winding  up of the
Corporation,  whether  voluntary or  involuntary,  the assets to be  distributed
among the  holders  of the Series B  Preferred  Stock and any class or series of
capital stock  ranking on a parity with the Series B Preferred  Stock as to such
distributions  shall be  insufficient  to permit  payment to the  holders of the
Series B Preferred  Stock and any such class or series of capital stock of their
respective  liquidation  amount, then the entire assets of the Corporation to be
distributed  shall be distributed  pro rata to the holders of Series B Preferred
Stock and the  holders  of such class or series of  capital  stock  ranking on a
parity with the Series B Preferred Stock as to such  distributions  according to
the preferential amounts due thereon. Unless waived in writing by the holders of
at least a majority of the Series B  Preferred  Stock then  outstanding,  voting
together as one class, a consolidation or merger of the Corporation into or with
any other entity or entities,  a share  exchange,  a sale of Common Stock or the
sale or transfer by the Corporation of all or  substantially  all of its assets,
in each case under  circumstances  in which the  holders of a majority in voting
power of the outstanding capital stock of the Corporation,  immediately prior to
such a merger,  consolidation,  share exchange or sale, own less than a majority
in voting  power of the  outstanding  capital  stock of the  corporation  or the
surviving or resulting  corporation or acquirer, as the case may be, immediately
following  such a merger,  consolidation,  share  exchange  or sale  (each  such
transaction being hereinafter referred to as a "Corporate Transaction") shall be
deemed to be a liquidation within the meaning of this Section 3.

                                     - 3 -
<PAGE>

            4.    CONVERSION.

            4A.   RIGHT TO CONVERT.

            (a)   Subject to the terms and  conditions of this paragraph 4A, the
holder of any share or shares of Series B Preferred  Stock shall have the right,
at its option at any time,  to  convert  any such  shares of Series B  Preferred
Stock into such number of fully paid and  nonassessable  whole  shares of Common
Stock as is obtained by  multiplying  the number of shares of Series B Preferred
Stock so to be converted by the  Liquidation  Preference  per share and dividing
the result by the  conversion  price of $1.30 per share or, if there has been an
adjustment of the conversion price, by the conversion price as last adjusted and
in  effect at the date any  share or  shares  of  Series B  Preferred  Stock are
surrendered for conversion  (such price,  or such price as last adjusted,  being
referred to herein as the "Conversion  Price").  Such rights of conversion shall
be exercised by the holder thereof by surrender of a certificate or certificates
for the shares to be converted to the  Corporation  at its principal  office (or
such other office or agency of the  Corporation as the Corporation may designate
by notice in writing to the holder or holders of the Series B  Preferred  Stock)
at any time  during  its  usual  business  hours  on the date set  forth in such
notice,  together  with a properly  completed  notice of  conversion in the form
attached to the Series B Preferred  Stock  certificate  with a statement  of the
name or names (with address),  subject to compliance with applicable laws to the
extent such  designation  shall involve a transfer,  in which the certificate or
certificates for shares of Common Stock, shall be issued.  Such conversion shall
be deemed to have been effected and the Conversion  Price shall be determined as
of the close of business  on the date on which such  written  notice  shall have
been received by the Corporation  and the  certificate or certificates  for such
shares shall have been surrendered as aforesaid.

            (b)   To the extent  permitted  by  applicable  law and the  listing
requirements  of any stock  market or exchange on which the Common Stock is then
listed,  the Corporation  from time to time may decrease the Conversion Price by
any amount for any  period of time if the period is at least  twenty  (20) days,
the decrease is irrevocable  during the period and the Board of Directors  shall
have made a  determination  that such decrease would be in the best interests of
the  Corporation,   which  determination  shall  be  conclusive.   Whenever  the
Conversion  Price  is  decreased  pursuant  to  the  preceding   sentence,   the
Corporation  shall provide written notice thereof to the holders of the Series B
Preferred  Stock at  least  five  (5)  days  prior  to the  date  the  decreased
Conversion  Price  takes  effect,  and such  notice  shall  state the  decreased
Conversion Price and the period during which it will be in effect.

            4B.   ISSUANCE OF CERTIFICATES;  TIME CONVERSION EFFECTED.  Promptly
after the  conversion  of the  Series B  Preferred  Stock and  surrender  of the
certificate  or  certificates  for the share or shares of the Series B Preferred
Stock being converted,  the Corporation shall issue and deliver,  or cause to be
issued and  delivered,  to the holder,  registered in such name or names as such
holder may direct, subject to compliance with applicable laws to the extent such
designation  shall involve a transfer,  a certificate  or  certificates  for the
number of whole  shares of Common Stock  issuable  upon the  conversion  of such
share or shares of Series B Preferred Stock. Upon the effective date of any such
conversion,  the rights of the holder of the shares of Series B Preferred  Stock
being  converted

                                     - 4 -
<PAGE>

shall cease, and the person or persons in whose name or names any certificate or
certificates  for shares of Common Stock shall be issuable upon such  conversion
shall be deemed to have  become  the  holder or  holders of record of the shares
represented thereby.

            4C.   FRACTIONAL  SHARES;  DIVIDENDS.  No fractional shares shall be
issued upon  conversion of the Series B Preferred  Stock into Common  Stock.  In
lieu  of  any  fractional  share  interest,  the  Corporation  shall  pay to the
converting holder an amount equal to such fractional  interest multiplied by the
Market Price of a share of Common Stock on the date such conversion is deemed to
be effective..

            4D.   ADJUSTMENT OF CONVERSION PRICE. If the Corporation shall issue
or sell,  or is, in  accordance  with any of  subsections  4D(1)  through  4D(7)
hereof, deemed to have issued or sold, any Additional Shares of Common Stock for
no consideration or for a consideration per share less than the Conversion Price
in effect  immediately prior to the time of such issue or sale, then and in each
such case (a "TRIGGER  ISSUANCE") the then-existing  Conversion Price,  shall be
reduced,  as of the  close of  business  on the  effective  date of the  Trigger
Issuance, to a price determined as follows:

            Adjusted Conversion Price = (A X B) + D
                                        -----------
                                         A+C

                        where

                        "A"  equals  the  number  of  shares  of  Common   Stock
outstanding,  including  Additional  Shares of Common  Stock (as defined  below)
deemed to be issued hereunder, immediately preceding such Trigger Issuance;

                        "B" equals the  Conversion  Price in effect  immediately
preceding such Trigger Issuance;

                        "C"  equals the  number of  Additional  Shares of Common
Stock issued or deemed issued hereunder as a result of the Trigger Issuance; and

                        "D" equals the aggregate consideration, if any, received
or deemed to be received by the Corporation upon such Trigger Issuance;

provided,  however,  that in no event shall the  Conversion  Price after  giving
effect to such Trigger  Issuance be greater than the Conversion  Price in effect
prior to such Trigger Issuance.

            For purposes of this  subsection  4D,  "Additional  Shares of Common
Stock" shall mean all shares of Common Stock issued by the Corporation or deemed
to be issued pursuant to this subsection 4D, other than Excluded Stock.

                                     - 5 -
<PAGE>

            For purposes of this subsection 4D, the following  paragraphs  4D(1)
to 4D(7) shall also be applicable:

            4D(1) ISSUANCE  OF  RIGHTS  OR  OPTIONS.  In  case at any  time  the
Corporation  shall in any manner  grant  (directly  and not by  assumption  in a
merger  or  otherwise)  any  warrants  or other  rights to  subscribe  for or to
purchase,  or any  options for the  purchase  of,  Common  Stock or any stock or
security  convertible  into or  exchangeable  for Common  Stock (such  warrants,
rights or options being called  "Options" and such  convertible or  exchangeable
stock or securities being called "Convertible  Securities")  whether or not such
Options or the right to convert or exchange any such Convertible  Securities are
immediately  exercisable,  and the price per  share  for which  Common  Stock is
issuable upon the exercise of such Options or upon the conversion or exchange of
such Convertible Securities (determined by dividing (i) the sum (which sum shall
constitute  the  applicable  consideration)  of (x) the  total  amount,  if any,
received or receivable by the Corporation as  consideration  for the granting of
such Options, plus (y) the aggregate amount of additional  consideration payable
to the Corporation upon the exercise of all such Options,  plus (z), in the case
of such Options which relate to Convertible Securities,  the aggregate amount of
additional  consideration,  if  any,  payable  upon  the  issue  or sale of such
Convertible  Securities and upon the conversion or exchange thereof, by (ii) the
total  maximum  number of shares of Common Stock  issuable  upon the exercise of
such  Options  or upon  the  conversion  or  exchange  of all  such  Convertible
Securities  issuable upon the exercise of such  Options)  shall be less than the
Conversion Price in effect immediately prior to the time of the granting of such
Options,  then the total  number of shares  of Common  Stock  issuable  upon the
exercise of such Options or upon  conversion  or exchange of the total amount of
such Convertible  Securities issuable upon the exercise of such Options shall be
deemed to have been  issued for such price per share as of the date of  granting
of such Options or the issuance of such  Convertible  Securities  and thereafter
shall be deemed to be  outstanding  for  purposes of  adjusting  the  Conversion
Price.  Except as otherwise  provided in subsection  4D(3), no adjustment of the
Conversion  Price shall be made upon the actual issue of such Common Stock or of
such  Convertible  Securities  upon  exercise of such Options or upon the actual
issue of such Common  Stock upon  conversion  or  exchange  of such  Convertible
Securities.

            4D(2) ISSUANCE OF CONVERTIBLE  SECURITIES.  In case the  Corporation
shall in any  manner  issue  (directly  and not by  assumption  in a  merger  or
otherwise)  or sell any  Convertible  Securities,  whether  or not the rights to
exchange or convert any such Convertible Securities are immediately exercisable,
and the price per share for which Common Stock is issuable upon such  conversion
or exchange  (determined by dividing (i) the sum (which sum shall constitute the
applicable  consideration) of (x) the total amount received or receivable by the
Corporation  as  consideration  for  the  issue  or  sale  of  such  Convertible
Securities,  plus (y) the aggregate amount of additional consideration,  if any,
payable to the Corporation upon the conversion or exchange thereof,  by (ii) the
total number of shares of Common Stock  issuable upon the conversion or exchange
of all such Convertible  Securities)  shall be less than the Conversion Price in
effect  immediately  prior to the time of such  issue  or sale,  then the  total
maximum number of shares of Common Stock issuable upon conversion or exchange of
all such  Convertible  Securities  shall be deemed to have been  issued for such
price  per  share  as of the  date of the  issue  or  sale  of such  Convertible
Securities  and  thereafter  shall be deemed to be  outstanding  for purposes of
adjusting the Conversion Price,  provided

                                     - 6 -
<PAGE>

that (a) except as otherwise  provided in subsection 4D(3), no adjustment of the
Conversion  Price shall be made upon the actual  issuance  of such Common  Stock
upon  conversion or exchange of such  Convertible  Securities and (b) no further
adjustment of the Conversion  Price shall be made by reason of the issue or sale
of  Convertible  Securities  upon  exercise of any Options to purchase  any such
Convertible  Securities for which  adjustments of the Conversion Price have been
made pursuant to the other provisions of subsection 4D.

            4D(3) CHANGE IN OPTION PRICE OR CONVERSION  RATE. Upon the happening
of any of the following  events,  namely,  if the purchase price provided for in
any Option referred to in subsection 4D(l) hereof, the additional consideration,
if any,  payable upon the conversion or exchange of any  Convertible  Securities
referred  to in  subsections  4D(l) or 4D(2),  or the rate at which  Convertible
Securities  referred to in subsections  4D(l) or 4D(2) are  convertible  into or
exchangeable  for Common  Stock  shall  change at any time  (including,  but not
limited to, changes under or by reason of provisions designed to protect against
dilution),  the  Conversion  Price in  effect  at the time of such  event  shall
forthwith be readjusted to the Conversion  Price which would have been in effect
at such  time had such  Options  or  Convertible  Securities  still  outstanding
provided for such changed purchase price, additional consideration or conversion
rate, as the case may be, at the time initially granted,  issued or sold. On the
termination  of any Option for which any  adjustment  was made  pursuant to this
subsection 4(D) or any right to convert or exchange  Convertible  Securities for
which any  adjustment  was made  pursuant  to this  subsection  4(D)  (including
without  limitation  upon the redemption or purchase for  consideration  of such
Convertible Securities by the Corporation),  the Conversion Price then in effect
hereunder  shall  forthwith be changed to the Conversion  Price which would have
been in effect at the time of such  termination  had such Option or  Convertible
Securities,  to the extent  outstanding  immediately  prior to such termination,
never been issued.

            4D(4) STOCK DIVIDENDS.  Subject to the provisions of this subsection
4D, in case the  Corporation  shall  declare or pay a dividend or make any other
distribution  upon any stock of the  Corporation  (other than the Common  Stock)
payable in Common  Stock,  Options or  Convertible  Securities,  then any Common
Stock,  Options  or  Convertible  Securities,  as the case may be,  issuable  in
payment of such dividend or distribution  shall be deemed to have been issued or
sold without consideration.

            4D(5) CONSIDERATION  FOR STOCK.  In case any shares of Common Stock,
Options  or  Convertible  Securities  shall  be  issued  or sold for  cash,  the
consideration received therefor shall be deemed to be the net amount received by
the Corporation therefor,  after deduction therefrom of any expenses incurred or
any  underwriting  commissions or concessions paid or allowed by the Corporation
in  connection  therewith.  In case any  shares  of  Common  Stock,  Options  or
Convertible  Securities  shall be issued or sold for a consideration  other than
cash,  the  amount  of  the  consideration  other  than  cash  received  by  the
Corporation  shall be  deemed  to be the fair  value  of such  consideration  as
determined  in good faith by the Board of  Directors of the  Corporation,  after
deduction  of  any  expenses   incurred  or  any  underwriting   commissions  or
concessions paid or allowed by the Corporation in connection therewith.  In case
any  Options  shall be  issued  in  connection  with the issue and sale of other
securities of the Corporation,  together comprising one integral  transaction in
which no specific  consideration  is  allocated  to such  Options by the parties
thereto, such Options

                                     - 7 -
<PAGE>

shall be deemed to have been issued for such consideration as determined in good
faith by the Board of Directors of the Corporation.  If Common Stock, Options or
Convertible  Securities  shall be  issued  or sold by the  Corporation  and,  in
connection therewith,  other Options or Convertible  Securities (the "Additional
Rights") are issued, then the consideration received or deemed to be received by
the  Corporation  shall be reduced by the fair  market  value of the  Additional
Rights (as determined  using the  Black-Scholes  option pricing model or another
method  mutually  agreed to by the  Corporation  and the  holder).  The Board of
Directors of the Corporation shall respond promptly,  in writing,  to an inquiry
by the holder as to the fair market value of the Additional Rights. In the event
that the Board of  Directors  of the  Corporation  and the  holder are unable to
agree upon the fair market value of the Additional  Rights,  the Corporation and
the  holder  shall  jointly  select an  appraiser,  who is  experienced  in such
matters.  The decision of such appraiser shall be final and conclusive,  and the
cost of such appraiser shall be borne evenly by the Corporation and the holder.

            4D(6) RECORD DATE.  In case the  Corporation  shall take a record of
the holders of its Common Stock for the purpose of entitling them (i) to receive
a dividend or other distribution payable in Common Stock, Options or Convertible
Securities  or (ii) to  subscribe  for or  purchase  Common  Stock,  Options  or
Convertible Securities,  then such record date shall be deemed to be the date of
the issue or sale of the shares of Common  Stock  deemed to have been  issued or
sold  upon  the  declaration  of such  dividend  or the  making  of  such  other
distribution  or the  date of the  granting  of such  right of  subscription  or
purchase, as the case may be.

            4D(7) TREASURY  SHARES.   The  number  of  shares  of  Common  Stock
outstanding  at any given time shall not include  shares owned or held by or for
the account of the Corporation or any of its wholly-owned subsidiaries,  and the
disposition  of any such  shares  (other  than the  cancellation  or  retirement
thereof) shall be considered an issue or sale of Common Stock for the purpose of
this Section 4D.

            4E.   STOCK SPLITS AND DIVIDENDS.  If the Corporation  shall, at any
time or from time to time while the Series B Preferred Stock is outstanding, pay
a dividend or make a distribution on its Common Stock in shares of Common Stock,
subdivide its outstanding shares of Common Stock into a greater number of shares
or combine  its  outstanding  shares of Common  Stock  into a smaller  number of
shares or issue by  reclassification  of its outstanding  shares of Common Stock
any  shares  of its  capital  stock  (including  any  such  reclassification  in
connection  with a  consolidation  or  merger in which  the  Corporation  is the
continuing  corporation),  then the Conversion Price in effect immediately prior
to the date upon which such change shall become  effective  shall be adjusted by
multiplying such Conversion Price by a fraction, the numerator of which shall be
the  number  of shares of Common  Stock  outstanding  immediately  prior to such
change  and the  denominator  of which  shall be the  number of shares of Common
Stock  outstanding  immediately  after  giving  effect to such change and.  Such
adjustment  shall be made  successively  whenever  any event  listed above shall
occur.

            4F.   REORGANIZATION   OR    RECLASSIFICATION.    If   any   capital
reorganization  or  reclassification  of the capital  stock of the  Corporation,
consolidation or merger of the Corporation with another corporation in which the
Corporation is not the survivor,  or sale,  transfer or other

                                     - 8 -
<PAGE>

disposition of all or substantially all of the  Corporation's  assets to another
corporation  shall be effected,  then, as a condition of such  reorganization or
reclassification,  consolidation,  merger,  sale, transfer or other disposition,
lawful and  adequate  provision  shall be made whereby each holder of a share or
shares of Series B Preferred  Stock shall  thereafter have the right to receive,
upon the basis and upon the terms and conditions specified herein and in lieu of
the Conversion Shares immediately  theretofore receivable upon the conversion of
such  share or shares of the Series B  Preferred  Stock,  such  shares of stock,
securities  or assets as would have been  issuable or payable with respect to or
in exchange for a number of Conversion  Shares equal to the number of Conversion
Shares  immediately  theretofore  issuable  upon  conversion  of  the  Series  B
Preferred  Stock,  had  such  reorganization,  reclassification,  consolidation,
merger,  sale,  transfer or other  disposition not taken place,  and in any such
case  appropriate  provision  shall  be made  with  respect  to the  rights  and
interests  of such  holder  to the end that  the  provisions  hereof  (including
without  limitation  provisions for  adjustment of the  Conversion  Price) shall
thereafter be applicable, as nearly equivalent as may be practicable in relation
to any shares of stock,  securities or assets  thereafter  deliverable  upon the
exercise of such conversion  rights.  The Corporation  shall not effect any such
consolidation,  merger,  sale,  transfer or other disposition unless prior to or
simultaneously with the consummation thereof the successor corporation (if other
than the  Corporation)  resulting  from such  consolidation  or  merger,  or the
corporation  purchasing or otherwise  acquiring such assets or other appropriate
corporation  or entity shall assume the  obligation to deliver to the holders of
the Series B Preferred Stock, at the last addresses of such holders appearing on
the books of the Corporation,  such shares of stock, securities or assets as, in
accordance  with the  foregoing  provisions,  such  holders  may be  entitled to
receive, and the other obligations hereunder.  The provisions of this subsection
4F shall  similarly  apply  to  successive  reorganizations,  reclassifications,
consolidations, mergers, sales, transfers or other dispositions.

            4G.   DISTRIBUTIONS.  In case the  Corporation  shall  fix a payment
date for the making of a distribution to all holders of Common Stock  (including
any such distribution made in connection with a consolidation or merger in which
the  Corporation is the continuing  corporation) of evidences of indebtedness or
assets  (other  than  cash  dividends  or  cash  distributions  payable  out  of
consolidated  earnings or earned surplus or dividends or distributions  referred
to in Section 4E), or subscription  rights or warrants,  the Conversion Price to
be in effect after such  payment date shall be  determined  by  multiplying  the
Conversion Price in effect immediately prior to such payment date by a fraction,
the  numerator  of which  shall be the total  number  of shares of Common  Stock
outstanding  multiplied  by the  Market  Price (as  defined  below) per share of
Common Stock  immediately prior to such payment date, less the fair market value
(as  determined by the  Corporation's  Board of Directors in good faith) of said
assets or evidences of  indebtedness  so  distributed,  or of such  subscription
rights or warrants,  and the  denominator  of which shall be the total number of
shares of Common Stock outstanding  multiplied by such Market Price per share of
Common Stock  immediately  prior to such payment  date.  "Market  Price" as of a
particular  date (the  "Valuation  Date") shall mean the  following:  (a) if the
Common Stock is then listed on a national stock exchange, the closing sale price
of one share of Common  Stock on such  exchange on the last trading day prior to
the Valuation  Date;  (b) if the Common Stock is then quoted on The Nasdaq Stock
Market, Inc. ("Nasdaq"),  the National  Association of Securities Dealers,  Inc.
OTC Bulletin Board (the "Bulletin  Board") or such similar  quotation  system or
association,  the closing sale price of one share of Common Stock on Nasdaq, the

                                     - 9 -
<PAGE>

Bulletin Board or such other quotation system or association on the last trading
day prior to the Valuation  Date or, if no such closing sale price is available,
the average of the high bid and the low asked price  quoted  thereon on the last
trading day prior to the Valuation  Date; or (c) if the Common Stock is not then
listed on a national stock  exchange or quoted on Nasdaq,  the Bulletin Board or
such other quotation  system or association,  the fair market value of one share
of Common Stock as of the  Valuation  Date,  as  determined in good faith by the
Board of Directors of the  Corporation and the holders of at least a majority of
the outstanding Series B Preferred Stock. If the Common Stock is not then listed
on a national  securities  exchange,  Nasdaq,  the Bulletin  Board or such other
quotation system or association, the Board of Directors of the Corporation shall
respond  promptly,  in writing,  to an inquiry by a holder of Series B Preferred
Stock prior to the  conversion of Series B Preferred  Stock  hereunder as to the
fair  market  value of a share of  Common  Stock as  determined  by the Board of
Directors  of the  Corporation.  In the event that the Board of Directors of the
Corporation and the holders of at least a majority of the  outstanding  Series B
Preferred  Stock are  unable to agree upon the fair  market  value in respect of
subpart (c) hereof,  the  Corporation  and the holders of at least a majority of
the outstanding Series B Preferred Stock shall jointly select an appraiser,  who
is  experienced in such matters.  The decision of such appraiser  shall be final
and  conclusive,  and the cost of such  appraiser  shall be borne equally by the
Corporation  and  such  holders.  Such  adjustment  shall  be made  successively
whenever such a payment date is fixed.

            4H.   EFFECTIVE DATE OF ADJUSTMENT.  An adjustment to the Conversion
Price shall become effective  immediately  after the payment date in the case of
each dividend or distribution  and immediately  after the effective date of each
other event which requires an adjustment.

            4I.   SUBSEQUENT  ADJUSTMENTS.  In the event that, as a result of an
adjustment  made pursuant to this Section 4, holders of Series B Preferred Stock
shall become  entitled to receive any shares of capital stock of the Corporation
other than shares of Common Stock, the number of such other shares so receivable
upon the conversion of the Series B Preferred Stock shall be subject  thereafter
to adjustment from time to time in a manner and on terms as nearly equivalent as
practicable to the provisions  with respect to the Conversion  Shares  contained
herein.

            4J.   NOTICE OF  ADJUSTMENT.  Upon any  adjustment of the Conversion
Price,  then,  and in each such case the  Corporation  shall give written notice
thereof by first class mail, postage prepaid, addressed to each holder of shares
of Series B Preferred  Stock at the address of such holder as shown on the books
of the Corporation, which notice shall state the Conversion Price resulting from
such  adjustment,  setting forth in reasonable  detail the method of calculation
and the facts upon which such calculation is based.

            4K.   OTHER NOTICES. In case at any time:

                  (1)   the  Corporation  shall  declare any  dividend  upon its
Common  Stock  payable  in cash or stock or make any other  distribution  to the
holders of its Common Stock;

                  (2)   the Corporation shall offer for subscription PRO RATA to
the holders of its Common Stock any additional shares of such stock of any class
or other rights;

                                     - 10 -
<PAGE>

                  (3)   there   shall   be   any   capital   reorganization   or
reclassification of the capital stock of the Corporation,  or a consolidation or
merger of the Corporation with, or a sale of all or substantially all its assets
to, another corporation; or

                  (4)   there shall be a voluntary or  involuntary  dissolution,
liquidation or winding up of the Corporation;

then,  in any one or more of said cases,  the  Corporation  shall give, by first
class mail, postage prepaid,  addressed to each holder of any shares of Series B
Preferred  Stock at the  address  of such  holder  as shown on the  books of the
Corporation,  (a) at least 15 days prior written notice of the date on which the
books  of the  Corporation  shall  close or a  record  shall  be taken  for such
dividend,  distribution or subscription rights or for determining rights to vote
in respect of any such reorganization, reclassification,  consolidation, merger,
sale,  dissolution,  liquidation  or winding up, and (b) in the case of any such
reorganization,  reclassification,  consolidation,  merger,  sale,  dissolution,
liquidation  or winding  up, at least 15 days prior  written  notice of the date
when the same shall take place.  Such notice in  accordance  with the  foregoing
clause (a) shall also specify, in the case of any such dividend, distribution or
subscription  rights,  the date on which the  holders of Common  Stock  shall be
entitled  thereto,  and such notice in accordance with the foregoing  clause (b)
shall  also  specify  the date on which the  holders  of Common  Stock  shall be
entitled  to  exchange  their  Common  Stock for  securities  or other  property
deliverable upon such reorganization,  reclassification,  consolidation, merger,
sale, dissolution, liquidation or winding up, as the case may be.

            4L.   STOCK TO BE RESERVED.

                  (1)   The  Corporation  will at all  times  reserve  and  keep
available out of its authorized but unissued Common Stock solely for the purpose
of  issuance  upon the  conversion  of the  Series B  Preferred  Stock as herein
provided,  such number of shares of Common Stock as shall then be issuable  upon
the conversion of all outstanding shares of Series B Preferred Stock. All shares
of Common  Stock which shall be so issued  shall be duly and validly  issued and
fully paid and nonassessable and free from all liens, duties and charges arising
out of or by reason of the issue  thereof  (including,  without  limitation,  in
respect of taxes) and,  without  limiting the generality of the  foregoing,  the
Corporation covenants that it will from time to time take all such action as may
be  requisite  to assure that the par value per share of the Common  Stock is at
all times equal to or less than the effective  Conversion Price. The Corporation
will take all such action  within its control as may be necessary on its part to
assure that all such shares of Common Stock may be so issued  without  violation
of any  applicable  law or regulation,  or of any  requirements  of any national
securities  exchange  upon  which the  Common  Stock of the  Corporation  may be
listed. The Corporation will not take any action which results in any adjustment
of the  Conversion  Price if after  such  action  the total  number of shares of
Common Stock issued and outstanding and thereafter issuable upon exercise of all
options and conversion of Convertible  Securities,  including upon conversion of
the Series B Preferred  Stock,  would  exceed the total number of shares of such
class of Common Stock then authorized by the Corporation's  Amended and Restated
Certificate of Incorporation.

                                     - 11 -
<PAGE>

                  (2)   The  Corporation  will at all  times  reserve  and  keep
available out of its authorized  Series B Preferred  Stock such number of shares
of  Series B  Preferred  Stock as is equal to the  number  of shares of Series B
Preferred Stock then  outstanding.  All shares of Series B Preferred Stock which
shall  be so  issued  shall  be duly  and  validly  issued  and  fully  paid and
nonassessable  and free from all liens,  duties and charges arising out of or by
reason of the issue  thereof  (including,  without  limitation,  in  respect  of
taxes).

            4M.   NO REISSUANCE OF SERIES B PREFERRED STOCK.  Shares of Series B
Preferred  Stock that are  converted  into  shares of Common  Stock as  provided
herein shall be retired and may not be reissued as Series B Preferred  Stock but
may be reissued as all or part of another series of Preferred Stock.

            4N.   ISSUE TAX. The issuance of  certificates  for shares of Common
Stock upon  conversion  of the Series B Preferred  Stock  shall be made  without
charge to the holders  thereof for any issuance  tax,  stamp tax,  transfer tax,
duty or charge in respect  thereof,  provided that the Corporation  shall not be
required to pay any tax,  duty or charge  which may be payable in respect of any
transfer  involved in the  issuance and  delivery of any  certificate  in a name
other  than that of the holder of the Series B  Preferred  Stock  which is being
converted.

            4O.   CLOSING OF BOOKS.  The  Corporation  will at no time close its
transfer  books  against the transfer of any Series B Preferred  Stock or of any
shares of Common Stock issued or issuable  upon the  conversion of any shares of
Series B  Preferred  Stock  in any  manner  which  interferes  with  the  timely
conversion of such Series B Preferred Stock; provided,  HOWEVER,  nothing herein
shall be construed to prevent the Corporation  from setting record dates for the
holders of its securities.

            5.    VOTING. In addition to any class voting rights provided by law
and this Amended and Restated Certificate of Designation,  the holders of Series
B  Preferred  Stock  shall have the right to vote  together  with the holders of
Common  Stock as a single  class on any  matter on which the  holders  of Common
Stock are entitled to vote  (including the election of directors).  With respect
to the voting rights of the holders of the Series B Preferred  Stock pursuant to
the  preceding  sentence,  each  holder of  Series B  Preferred  Stock  shall be
entitled  to one vote for each share of Common  Stock that would be  issuable to
such holder upon the  conversion  of all the shares of Series B Preferred  Stock
held by such holder on the record  date for the  determination  of  shareholders
entitled to vote.

            6.    CERTAIN  RESTRICTIONS.  In  addition  to any other vote of the
holders  of Series B  Preferred  Stock  required  by law or by the  Amended  and
Restated Certificate of Incorporation,  without the prior consent of the holders
of at least a majority of the  outstanding  Series B Preferred  Stock,  given in
person or by proxy,  either in writing or at a special  meeting  called for that
purpose,  at which  meeting the holders of the shares of such Series B Preferred
Stock shall vote together as a class, the Corporation will not:

                                     - 12 -
<PAGE>

                  (a)   authorize,   create,   designate,   establish  or  issue
(whether by merger or otherwise)  (i) an increased  number of shares of Series B
Preferred  Stock,  or (ii) any other  class or series of capital  stock  ranking
senior to or on parity with the Series B Preferred Stock as to dividends or upon
liquidation  or  reclassify  any shares of Common  Stock into shares  having any
preference  or priority as to  dividends or upon  liquidation  superior to or on
parity with any such preference or priority of Series B Preferred Stock;

                  (b)   authorize,   create,   designate,   establish  or  issue
(whether by merger or  otherwise)  any shares of capital stock or any Options or
Convertible  Securities  or amend or waive any of the terms or provisions of any
outstanding capital stock, Options or Convertible Securities;

                  (c)   enter into or consummate any Corporate Transaction;

                  (d)   incur,  assume or suffer to exist any  indebtedness  for
borrowed money in excess of $500,000 in the aggregate;

                  (e)   amend, alter or repeal, whether by merger, consolidation
or otherwise,  the Amended and Restated  Certificate of Incorporation or By-laws
of the  Corporation  or the  Resolutions  contained in this Amended and Restated
Certificate  of  Designation  of the Series B  Preferred  Stock and the  powers,
preferences,  privileges,  relative,  participating,  optional and other special
rights and  qualifications,  limitations and restrictions  thereof,  which would
adversely affect any right, preference,  privilege or voting power of the Series
B Preferred  Stock, or which would increase or decrease the amount of authorized
shares of the Series B Preferred Stock or of any other series of preferred stock
ranking senior to the Series B Preferred  Stock,  with respect to the payment of
dividends  (whether  or not such  series of  preferred  stock is  cumulative  or
noncumulative as to payment of dividends) or upon liquidation;

                  (f)   directly  or  indirectly,  declare  or pay any  dividend
(other than dividends  permitted  pursuant to Section 2 and dividends payable in
shares of Common Stock but only to the extent that such stock  dividend  results
in an  adjustment  of the  Conversion  Price  pursuant  to Section  4(D)(4))  or
directly or indirectly  purchase,  redeem,  repurchase  or otherwise  acquire or
permit any Subsidiary to redeem,  purchase,  repurchase or otherwise acquire (or
make any payment to a sinking fund for such redemption,  purchase, repurchase or
other acquisition) any share of Common Stock or any other class or series of the
Corporation's  capital stock (except for shares of Common Stock repurchased from
current of former  employees,  consultants,  or directors  upon  termination  of
service  in  accordance  with  plans  approved  by the  Corporation's  Board  of
Directors)  whether in cash,  securities  or property or in  obligations  of the
Corporation or any Subsidiary; or

                  (g)   agree to do any of the foregoing.

            7.    NO  WAIVER.  Except as  otherwise  modified  or  provided  for
herein,  the holders of Series B Preferred  Stock shall also be entitled to, and
shall not be deemed to have waived,  any other applicable rights granted to such
holders under the Delaware General Corporation Law.

                                     - 13 -
<PAGE>

            8.    NO  IMPAIRMENT.   The  Corporation   will  not,   through  any
reorganization,  transfer  of  assets,  merger,  dissolution,  issue  or sale of
securities or any other voluntary action,  avoid or seek to avoid the observance
or performance of any of the terms to be observed or performed  hereunder by the
Corporation but will at all time in good faith assist in the carrying out of all
the  provisions  of this Article  FOURTH and in the taking of all such action as
may be necessary or appropriate  in order to protect the  conversion  rights and
liquidation  preferences  granted  hereunder  of the  holders  of the  Series  B
Preferred Stock against impairment."

            9.    AMENDMENT;  WAIVER.  Any term of the Series B Preferred  Stock
may be  amended or waived  (including  the  adjustment  provisions  included  in
Section 4(D) hereof) upon the written consent of the Corporation and the holders
of at least a majority of the Series B Preferred Stock then outstanding,  voting
together as a single  class;  PROVIDED,  HOWEVER  that the number of  Conversion
Shares issuable  hereunder and the Conversion Price may not be amended,  and the
right to  convert  the  Series B  Preferred  Stock may not be altered or waived,
without  the  written  consent of the  holders of all of the Series B  Preferred
Stock then outstanding.

            10.   ACTION BY HOLDERS.  Any action or consent to be taken or given
by the holders of the Series B Preferred  Stock may be given either at a meeting
of the holders of the Series B Preferred  Stock called and held for such purpose
or by written consent.

                            [Execution Page Follows]

                                     - 14 -
<PAGE>

            IN WITNESS WHEREOF,  the undersigned,  being the President and Chief
Executive  Officer of the  Corporation,  does hereby  execute  this  Amended and
Restated  Certificate  of  Designations,  Preferences  and  Rights  of  Series B
Convertible Preferred Stock, hereby declaring that this is his free act and deed
and that the facts  stated  herein  are true and  correct  and  accordingly  has
hereunto set his hand this 23rd day of January, 2007.

                            UTIX GROUP, INC.

                            By: /s/ Anthony G. Roth
                               -------------------------------------------------
                                    Name: Anthony G. Roth
                                    Title: President and Chief Executive Officer

                                     - 15 -

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