Document:

Consulting and Subscription Agreement dated September 16, 2004

 Exhibit 10.2 
  
 Consulting and Subscription Agreement 
  
 THIS CONSULTING AND SUBSCRIPTION AGREEMENT (the
“Agreement”) entered into as of September 16, 2004, by and between E Med Future, Inc., a Nevada corporation (the “Company”), and Patrick Downs (“Consultant”), 
  
 RECITALS: 
  
 A. Consultant possesses certain experience, knowledge and expertise
related to the Company, its business operations, manufacturing, strategy and/or regulatory requirements. 
  
 B. The Consultant has agreed to perform consulting services as an independent contractor for the Company and a subsidiary of the Company over the
next two year period as defined in this contract. 
  
 C.
Consultant has indicated to the Company a desire and willingness to accept stock of the Company for Consultant’s services upon the terms and conditions set forth below. 
  
 Accordingly, in consideration of the foregoing premises and the mutual covenants, promises and representations contained
herein, the parties hereby agree as follows: 
  
 1.
Engagement. The Company hereby engages Consultant, and Consultant does hereby accept the engagement, to render advice and assistance with respect to development of a manufacturing facility in Pakistan, whereby the cost of the
company’s product can be reduced by 50% and other services as the Company and Consultant may define, by agreement, from time to time. 
  
 2. Duties. Consultant’s duties hereunder shall require Consultant to be available at the reasonable request of the Company to render
advice and assistance, in the areas of strategic planning and regulatory assistance and other matters within Consultant’s expertise. 
  
 3. Subscription for Shares. Consultant understands that the issuance of the Company’s shares of common stock (the “Shares”)
is intended to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of §§ 3(b) and 4(2) of the Securities Act, and Consultant represents and warrants that: 
  
 (a) Consultant has been advised that the Shares have not been registered
under the Securities Act and, therefore, cannot be resold unless they are registered under the Securities Act or unless an exemption from registration is available. The company intends to register the shares on form S-8. Consultant is aware that
only a limited market exists for the resale of the Shares, that Consultant may be required to hold the Shares indefinitely. Consultant is purchasing the Shares for Consultant’s own account for investment and not with a view to, or for resale in
connection with, the distribution thereof, and Consultant has no present intention of 

 distributing or reselling the Consultant’s Shares. Consultant represents and warrants that he has such knowledge and
experience in financial and business matters that he is capable of evaluating the merits and risks of such investment and is able to bear the economic risk of such investment. 
  
 (b) Consultant has made a complete and thorough investigation of the affairs and prospects of the Company and has had a
reasonable opportunity to ask questions of and receive answers from a person or persons acting on behalf of the Company concerning this subscription and all such questions have been answered to the full satisfaction of Consultant. 
  
 (c) Consultant acknowledges that the Company is entering into this Agreement
in reliance upon Consultant’s representations and warranties in this Agreement, including, without limitation, those set forth in this Section. 
  
 4. Compensation. The Company agrees to pay to Consultant, as full compensation for Consultant’s availability, labors, efforts,
services, covenants and agreements provided herein, consulting fees in the amount of 2,000,000 Shares. The shares will be issued upon signing of this contract, but will be considered prepaid compensation to be earned in equal installments over the
next 24 months. 
  
 5. Independent Contractor. The
parties mutually acknowledge that Consultant is not an employee of the Company for any purpose whatsoever, but is and shall be at all times an independent contractor. The Company shall not have control over Consultant as to the location of
Consultant’s place of business, the employment of personnel, or the manner or means of the performance of his duties and responsibilities hereunder (except as specifically provided in this Agreement). As an independent contractor, all expenses
for the operation of Consultant’s activities, including without limitation, insurance, employees (including the withholding and payment of all applicable taxes with respect to employees), office rent, supplies, telephone, facsimile and taxes
shall be borne by Consultant. 
  
 6. Covenants of
Consultant. Consultant acknowledges that the work which Consultant may perform may provide Consultant with access to confidential information belonging to the Company in connection with the performance by Consultant of Consultant’s duties
pursuant to this Agreement, and that the Company would not enter into this Agreement but for the covenants of Consultant contained in this paragraph. Accordingly, Consultant covenants and agrees to receive all confidential information of the Company
in strict confidence and to take all reasonable steps to guard against unauthorized disclosure or dissemination of the confidential information. 
  
 7. Acknowledgement of the Company. The Company acknowledges that the availability of the Consultant to provide services hereunder is of
particular value to the Company and further acknowledges that the amounts due Consultant hereunder are, in all events, payable to Consultant without regard to the number, volume or duration of the services actually performed or time actually
expended by Consultant during the term of this Agreement. 
  

 2 

 8. Termination. Upon instruction by the Company: (i) Consultant shall immediately thereupon
cease and desist from acting on behalf of the Company in any manner whatsoever; and (ii) Consultant shall return to the Company any documents, forms, written information, or other data provided by the Company to Consultant during the course and
operation of this Agreement, including both confidential information and information which is not confidential. 
  
 9. Assignment. This Agreement is a personal services contract and it is expressly agreed that the rights and interests of Consultant and the
Company hereunder may not be sold, transferred, assigned, pledged or hypothecated. 
  
 10. Severability. In case any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect by a court of competent
jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement, but this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein.

  
 11. Governing Law. This Agreement and all
provisions hereunder shall be governed by and construed in accordance with the substantive law of the State of Ohio. 
  
 12. Amendment. This Agreement may not be changed orally, but may be amended, superseded, cancelled or modified, and the terms hereof may be
waived, only by an instrument in writing signed by each of the parties, or, in the case of a waiver, signed by the party against whom enforcement of such waiver is being sought. 
  
 13. Entire Agreement. This Agreement embodies the entire agreement and understanding between the Company and
Consultant with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect thereof. 
  
 IN WITNESS WHEREOF, the parties have hereunto executed this Agreement on the date first set forth above.

  
  

			
	E MED FUTURE, INC.
		
	 By
	 	 /s/ D. Dane Donohue

	 	 	D. Dane Donohue, Executive Vice President
		
	 	 	 /s/ Patrick Downs

	 	 	Patrick Downs

  

 3Bio-logic Systems Corp. 2004 Stock Incentive Plan

 Exhibit 4.5 
  
 Bio-logic Systems Corp. 
  
 2004 STOCK INCENTIVE PLAN 
  

	1.	ESTABLISHMENT AND PURPOSE. 

  
 The Bio-logic Systems Corp. 2004 Stock Incentive Plan (the “Plan”) is established by Bio-logic Systems Corp., a Delaware corporation (the
“Company”), to attract and retain persons eligible to participate in the Plan; motivate Participants to achieve long-term Company goals; and further align Participants’ interests with those of the Company’s other
stockholders. The Plan is adopted as of April 28, 2004, subject to approval by the Company’s stockholders within 12 months after such adoption date. Unless the Plan is earlier discontinued by the Board as provided herein, no Award shall be
granted hereunder on or after July 22, 2014. 
  
 Certain terms used herein are
defined as set forth in Section 10. 
  

	2.	ADMINISTRATION; ELIGIBILITY. 

  
 The Plan shall be administered by a Committee; provided, however, that, if at any time no Committee has been appointed, the Plan shall be
administered by the Board. The Plan may be administered by different Committees with respect to different groups of Eligible Individuals. As used herein, the term “Administrator” means the Board or any of its Committees as shall be
administering the Plan; provided, however, that in the case of Awards to executive officers of the Company or otherwise intended to qualify as “performance-based compensation” for purposes of Section 162(m) of the Code, the
Administrator shall be a Committee. 
  
 The Administrator shall
have plenary authority to grant Awards pursuant to the terms of the Plan to Eligible Individuals. Participation shall be limited to such persons as are selected by the Administrator. Awards may be granted as alternatives to, in exchange or
substitution for, or replacement of, awards outstanding under the Plan or any other plan or arrangement of the Company or a Subsidiary (including a plan or arrangement of a business or entity, all or a portion of which is acquired by the Company or
a Subsidiary). The provisions of Awards need not be the same with respect to each Participant. 
  
 Among other things, the Administrator shall have the authority, subject to the terms of the Plan: 
  

	 	(a)	to select the Eligible Individuals to whom Awards may from time to time be granted; 

  

	 	(b)	to determine whether and to what extent Stock Options, Stock Appreciation Rights, Stock Awards or any combination thereof are to be granted hereunder; 

	 	(c)	to determine the number of shares of Stock to be covered by each Award granted hereunder; 

  

	 	(d)	to approve forms of agreement for use under the Plan; 

  

	 	(e)	to determine the terms and conditions, not inconsistent with the terms of this Plan, of any Award granted hereunder (including, but not limited to, the option price, any vesting
restriction or limitation, any vesting acceleration or forfeiture waiver and any right of repurchase, right of first refusal or other transfer restriction regarding any Award and the shares of Stock relating thereto, based on such factors or
criteria as the Administrator shall determine); 

  

	 	(f)	subject to Section 9(a), to modify, amend or adjust the terms and conditions of any Award, at any time or from time to time, including, but not limited to, with respect to
(i) performance goals and targets applicable to performance-based Awards pursuant to the terms of the Plan and (ii) extension of the post-termination exercisability period of Stock Options; 

  

	 	(g)	to determine to what extent and under what circumstances Stock and other amounts payable with respect to an Award shall be deferred; 

  

	 	(h)	to determine the Fair Market Value; and 

  

	 	(i)	to determine the type and amount of consideration to be received by the Company for any Stock Award issued under Section 6. 

  
 The Administrator shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it shall, from time to time, deem advisable, to interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreement relating thereto) and to
otherwise supervise the administration of the Plan. 
  
 Except to
the extent prohibited by applicable law, the Administrator may allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any portion of its responsibilities and powers to any other
person or persons selected by it. Any such allocation or delegation may be revoked by the Administrator at any time. The Administrator may authorize any one or more of their members or any officer of the Company to execute and deliver documents on
behalf of the Administrator. 
  
 Any determination made by the
Administrator or pursuant to delegated authority pursuant to the provisions of the Plan with respect to any Award shall be made in the sole discretion of the Administrator or such delegate at the time of the grant of the Award or, unless in
contravention of any express term of the Plan, at any time thereafter. All decisions made by the Administrator or any appropriately delegated officer pursuant to the provisions of the Plan shall be final and binding on all persons, including the
Company and Participants. 

 No member of the Administrator, and no officer of the Company, shall be liable for any action taken or
omitted to be taken by such individual or by any other member of the Administrator or officer of the Company in connection with the performance of duties under this Plan, except for such individual’s own willful misconduct or as expressly
provided by law. 
  

	3.	STOCK SUBJECT TO PLAN. 

  
 Subject to adjustment as provided in this Section 3, the aggregate number of shares of Stock which may be delivered under the Plan shall not exceed
800,000 shares. 
  
 To the extent any shares of Stock covered by
an Award are not delivered to a Participant or beneficiary thereof because the Award expires or is forfeited, canceled or otherwise terminated, or the shares of Stock are not delivered because the Award is settled in cash or used to satisfy the
applicable tax withholding obligation, such shares shall not be deemed to have been delivered for purposes of determining the maximum number of shares of Stock available for delivery under the Plan. 
  
 Subject to adjustment as provided in this Section 3, the maximum
number of shares that may be covered by Stock Options, Stock Appreciation Rights and Stock Awards, in the aggregate, granted to any one Participant during any calendar year shall be 250,000 shares. 
  
 In the event of any Company stock dividend, stock split, combination or
exchange of shares, recapitalization or other change in the capital structure of the Company, corporate separation or division of the Company (including, but not limited to, a split-up, spin-off, split-off or distribution to Company stockholders
other than a normal cash dividend), sale by the Company of all or a substantial portion of its assets (measured on either a stand-alone or consolidated basis), reorganization, rights offering, partial or complete liquidation, or any other corporate
transaction, Company share offering or other event involving the Company and having an effect similar to any of the foregoing, the Administrator may make such substitution or adjustments in the (A) number and kind of shares that may be delivered
under the Plan, (B) additional maximums imposed in the immediately preceding paragraph, (C) number and kind of shares subject to outstanding Awards, (D) exercise price of outstanding Stock Options and Stock Appreciation Rights and (E) other
characteristics or terms of the Awards as it may determine appropriate in its sole discretion to equitably reflect such corporate transaction, share offering or other event; provided, however, that the number of shares subject to any
Award shall always be a whole number. 
  

	4.	STOCK OPTIONS. 

  
 Stock Options may be granted alone or in addition to other Awards granted under the Plan and may be of two types: Incentive Stock Options and
Non-Qualified Stock Options. Any Stock Option granted under the Plan shall be in such form as the Administrator may from time to time approve. 
  
 The Administrator shall have the authority to grant any Participant Incentive Stock Options, Non-Qualified Stock Options or both types of Stock Options (in each case with
or without Stock 

  

 
Appreciation Rights). Incentive Stock Options may be granted only to employees of the Company and its subsidiaries (within the meaning of Section 424(f) of
the Code). To the extent that any Stock Option is not designated as an Incentive Stock Option or, even if so designated, does not qualify as an Incentive Stock Option, it shall constitute a Non-Qualified Stock Option. To the extent that the
aggregate Fair Market Value of Stock with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year (under all plans of the Company) exceeds $100,000, such Stock Options shall be treated as
Non-Qualified Stock Options. 
  
 Stock Options shall be evidenced
by option agreements, each in a form approved by the Administrator. An option agreement shall indicate on its face whether it is intended to be an agreement for an Incentive Stock Option or a Non-Qualified Stock Option. The grant of a Stock Option
shall occur as of the date the Administrator determines. 
  
 Stock
Options granted under this Section 4 shall be subject to the following terms and conditions and shall contain such additional terms and conditions as the Administrator shall deem desirable: 
  

	 	(a)	Exercise Price. The exercise price per share of Stock purchasable under a Stock Option shall be determined by the Administrator; provided, however, that the
exercise price per share shall be not less than the Fair Market Value per share on the date the Stock Option is granted, or in the case of an Incentive Stock Option if granted to an individual who is a Ten Percent Holder, not less than 110% of such
Fair Market Value per share. 

  

	 	(b)	Option Term. The term of each Stock Option shall be fixed by the Administrator, but no Incentive Stock Option shall be exercisable more than 10 years (or five years in the
case of an individual who is a Ten Percent Holder) after the date the Incentive Stock Option is granted. 

  

	 	(c)	Exercisability. Except as otherwise provided herein, Stock Options shall be exercisable at such time or times, and subject to such terms and conditions, as shall be
determined by the Administrator. If the Administrator provides that any Stock Option is exercisable only in installments, the Administrator may at any time waive such installment exercise provisions, in whole or in part, based on such factors as the
Administrator may determine. In addition, the Administrator may at any time, in whole or in part, accelerate the exercisability of any Stock Option. 

  

	 	(d)	Method of Exercise. Subject to the provisions of this Section 4, Stock Options may be exercised, in whole or in part, at any time during the option term by giving
written notice of exercise to the Company specifying the number of shares of Stock subject to the Stock Option to be purchased. 

  
 The option price of any Stock Option shall be paid in full in cash (by certified or bank check or such other instrument as the Company may accept) or,
unless otherwise provided in the applicable option agreement or determined by the Administrator, by 

 
one or more of the following: (i) in the form of unrestricted Stock already owned by the Optionee (or, in the case of the exercise of a Non-Qualified Stock
Option, Restricted Stock subject to a Stock Award hereunder) based in any such instance on the Fair Market Value of the Stock on the date the Stock Option is exercised; (ii) by certifying ownership of shares of Stock owned by the Optionee to the
satisfaction of the Administrator for later delivery to the Company as specified by the Company; (iii) unless otherwise prohibited by law for either the Company or the Optionee, by irrevocably authorizing a third party to sell shares of Stock (or a
sufficient portion of the shares) acquired upon exercise of the Stock Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise; or (iv) by any
combination of cash and/or any one or more of the methods specified in clauses (i), (ii) and (iii). 
  
 If payment of the option exercise price of a Non-Qualified Stock Option is made in whole or in part in the form of Restricted Stock, the number of shares
of Stock to be received upon such exercise equal to the number of shares of Restricted Stock used for payment of the option exercise price shall be subject to the same forfeiture restrictions to which such Restricted Stock was subject, unless
otherwise determined by the Administrator. 
  
 No shares of Stock
shall be issued upon exercise of a Stock Option until full payment therefor has been made. Upon exercise of a Stock Option (or a portion thereof), the Company shall have a reasonable time to issue the Stock for which the Stock Option has been
exercised, and the Optionee shall not be treated as a stockholder for any purposes whatsoever prior to such issuance. No adjustment shall be made for cash dividends or other rights for which the record date is prior to the date such Stock is
recorded as issued and transferred in the Company’s official stockholder records, except as otherwise provided herein or in the applicable option agreement. 
  

	 	(e)	Transferability of Stock Options. Except as otherwise provided in the applicable option agreement, a Non-Qualified Stock Option (i) shall be transferable by the Optionee to a
Family Member of the Optionee, provided that (A) any such transfer shall be by gift with no consideration and (B) no subsequent transfer of such Stock Option shall be permitted other than by will or the laws of descent and distribution, and (ii)
shall not otherwise be transferable except by will or the laws of descent and distribution. An Incentive Stock Option shall not be transferable except by will or the laws of descent and distribution. A Stock Option shall be exercisable, during the
Optionee’s lifetime, only by the Optionee or by the guardian or legal representative of the Optionee, it being understood that the terms “holder” and “Optionee” include the guardian and legal representative of
the Optionee named in the applicable option agreement and any person to whom the Stock Option is transferred (X) pursuant to clause (i) of the first sentence of this Section 4(e) or pursuant to the applicable option agreement or (Y) by will
or the laws of descent and distribution. Notwithstanding the foregoing, references herein to the termination of an Optionee’s employment or provision of services shall mean the termination of employment or provision of services of the person to
whom the Stock Option was originally granted. 

	 	(f)	Termination by Death. Unless otherwise provided in the applicable option agreement, if an Optionee’s employment or provision of services terminates by reason of death,
any Stock Option held by such Optionee may thereafter be exercised, to the extent it was exercisable at the time of such death, or on such accelerated basis as the Administrator may determine, for a period of one year from the date of such death or
until the expiration of the stated term of such Stock Option, whichever period is shorter. In the event of termination of employment or provision of services due to death, if an Incentive Stock Option is exercised after the expiration of the
exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Non-Qualified Stock Option. 

  

	 	(g)	Termination by Reason of Disability. Unless otherwise provided in the applicable option agreement, if an Optionee’s employment or provision of services terminates by
reason of Disability, any Stock Option held by such Optionee may thereafter be exercised by the Optionee, to the extent it was exercisable at the time of such termination, or on such accelerated basis as the Administrator may determine, for a period
of one year from the date of such termination of employment or provision of services or until the expiration of the stated term of such Stock Option, whichever period is shorter; provided, however, that if the Optionee dies within such
period, an unexercised Stock Option held by such Optionee shall, notwithstanding the expiration of such period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of one year from the date of such
death or until the expiration of the stated term of such Stock Option, whichever period is shorter. In the event of termination of employment or provision of services by reason of Disability, if an Incentive Stock Option is exercised after the
expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Non-Qualified Stock Option. 

  

	 	(h)	Termination by Reason of Retirement. Unless otherwise provided in the applicable option agreement, if an Optionee’s employment or provision of services terminates by
reason of Retirement, any Stock Option held by such Optionee may thereafter be exercised by the Optionee, to the extent it was exercisable at the time of such Retirement, or on such accelerated basis as the Administrator may determine, for a period
of one year from the date of such termination of employment or provision of services or until the expiration of the stated term of such Stock Option, whichever period is shorter; provided, however, that if the Optionee dies within such
period, any unexercised Stock Option held by such Optionee shall, notwithstanding the expiration of such period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of one year from the date of such
death or until the expiration of the stated term of such Stock Option, whichever period is shorter. In the event of termination of employment or provision of services by reason of Retirement, if an Incentive Stock Option is exercised after the
expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Non-Qualified Stock Option. 

	 	(i)	Other Termination. Unless otherwise provided in the applicable option agreement, if an Optionee’s employment or provision of services terminates for any reason other
than death, Disability or Retirement, any Stock Option held by such Optionee shall thereupon terminate; provided, however, that, if such termination of employment or provision of services is involuntary on the part of the Optionee and
without Cause, such Stock Option, to the extent exercisable it was exercisable at the time of such termination, or on such accelerated basis as the Administrator may determine, may be exercised for a period of three months from the date of such
termination of employment or provision of services or until the expiration of the stated term of such Stock Option, whichever period is shorter, and provided, further, that if the Optionee dies within such period, any unexercised Stock Option held
by such Optionee shall, notwithstanding the expiration of such period, continue to be exercisable to the extent to which it was exercisable at the time of death for a period of one year from the date of such death or until the expiration of the
stated term of such Stock Option, whichever period is shorter. In the event of termination of employment or provision of services for any reason other than death, Disability or Retirement, if an Incentive Stock Option is exercised after the
expiration of the exercise periods that apply for purposes of Section 422 of the Code, such Stock Option will thereafter be treated as a Non-Qualified Stock Option. 

  

	 	(j)	Exception to Termination. Notwithstanding anything in this Plan to the contrary, if an Optionee’s employment by, or provision of services to, the Company or an Affiliate
ceases as a result of a transfer of such Optionee from the Company to an Affiliate, or from an Affiliate to the Company, such transfer will not be a termination of employment or provision of services for purposes of this Plan, unless expressly
determined otherwise by the Administrator. A termination of employment or provision of services shall occur for an Optionee who is employed by, or provides services to, an Affiliate of the Company if the Affiliate shall cease to be an Affiliate and
the Optionee shall not immediately thereafter be employed by, or provide services to, the Company or an Affiliate. 

  

	 	(k)	Participant Loans. Unless otherwise prohibited by law for either the Company or the Optionee (including, but not limited to, the Sarbanes-Oxley Act of 2002), the
Administrator may in its discretion authorize the Company to: 

  

	 	(i)	lend to an Optionee an amount equal to such portion of the exercise price of a Stock Option as the Administrator may determine; or 

  

	 	(ii)	guarantee a loan obtained by an Optionee from a third-party for the purpose of tendering such exercise price. 

  
 The terms and conditions of any loan or guarantee, including the term,
interest rate, whether the loan is with recourse against the Optionee and any security interest thereunder, shall be determined by the Administrator, except that no extension of credit or guarantee shall obligate the Company for an amount to exceed
the lesser of (i) the aggregate Fair Market Value on the date of exercise, less the par value, of the 

 
shares of Stock to be purchased upon the exercise of the Stock Option, and (ii) the amount permitted under applicable laws or the regulations and rules of
the Federal Reserve Board and any other governmental agency having jurisdiction. 
  

	5.	STOCK APPRECIATION RIGHTS. 

  
 Stock Appreciation Rights may be granted in conjunction with all or part of any Stock Option granted under the Plan. In the case of a Non-Qualified Stock
Option, such rights may be granted at or any time after the time of grant of such Stock Option. In the case of an Incentive Stock Option, such rights may be granted only at the time of grant of such Stock Option. A Stock Appreciation Right shall
terminate and no longer be exercisable upon the termination or exercise of the related Stock Option. 
  
 A Stock Appreciation Right may be exercised by an Optionee in accordance with this Section 5 by surrendering the applicable portion of the related
Stock Option in accordance with procedures established by the Administrator. Upon such exercise and surrender, the Optionee shall be entitled to receive an amount determined in the manner prescribed in this Section 5. Stock Options which have
been so surrendered shall no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
  
 Stock Appreciation Rights shall be subject to such terms and conditions as shall be determined by the Administrator, including the following: 

 

	 	(i)	Stock Appreciation Rights shall be exercisable only at such time or times and to the extent that the Stock Options to which they relate are exercisable in accordance with the
provisions of Section 4 and this Section 5. 

  

	 	(ii)	Upon the exercise of a Stock Appreciation Right, an Optionee shall be entitled to receive an amount in cash, shares of Stock or both equal in value to the excess of the Fair Market
Value of one share of Stock over the exercise price per share specified in the related Stock Option, multiplied by the number of shares in respect of which the Stock Appreciation Right shall have been exercised, with the Administrator having the
right to determine the form of payment. 

  

	 	(iii)	A Stock Appreciation Right shall be transferable only to, and shall be exercisable only by, such persons permitted with respect to the underlying Stock Option in accordance with
Section 4(e). 

  

	6.	STOCK AWARDS OTHER THAN OPTIONS. 

  
 Stock Awards may be directly issued under the Plan (without any intervening options), subject to such terms, conditions, performance requirements,
restrictions, forfeiture provisions, contingencies and limitations as the Administrator shall determine. Stock Awards may be issued which are fully and immediately vested upon issuance or which vest in one or more installments over the
Participant’s period of employment or other service to the Company or upon the 

 
attainment of specified performance objectives, or the Company may issue Stock Awards which entitle the Participant to receive a specified number of vested
shares of Stock upon the attainment of one or more performance goals or service requirements established by the Administrator. 
  
 Shares representing a Stock Award shall be evidenced in such manner as the Administrator may deem appropriate, including book-entry registration or
issuance of one or more certificates (which may bear appropriate legends referring to the terms, conditions and restrictions applicable to such Award). The Administrator may require that any such certificates be held in custody by the Company until
any restrictions thereon shall have lapsed and that the Participant deliver a stock power, endorsed in blank, relating to the Stock covered by such Award. 
  
 A Stock Award may be issued in exchange for any consideration which the Administrator may deem appropriate in each individual instance, including, without
limitation: 
  

	 	(i)	cash or cash equivalents; 

  

	 	(ii)	past services rendered to the Company or any Affiliate; or 

  

	 	(iii)	future services to be rendered to the Company or any Affiliate (provided that, in such case, the par value of the stock subject to such Stock Award shall be paid in cash or cash
equivalents, unless the Administrator provides otherwise). 

  
 A Stock Award that is subject to restrictions on transfer and/or forfeiture provisions may be referred to as an award of “Restricted Stock” or “Restricted Stock Units.” 
  

	7.	PERFORMANCE AWARDS. 

  

	 	(a)	Performance Conditions. The right of a Participant to exercise or receive a grant or settlement of any Award, and its timing, may be subject to performance conditions
specified by the Administrator. The Administrator may use business criteria and other measures of performance it deems appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase amounts payable
under any Award subject to performance conditions, except as limited under Sections 7(b) and 7(c) hereof in the case of a Performance Award intended to qualify under Section 162(m) of the Code. 

  

	 	(b)	Performance Awards Granted to Designated Covered Employees. If the Administrator determines that a Performance Award to be granted to a person the Administrator regards as
likely to be a Covered Employee should qualify as “performance-based compensation” for purposes of Section 162(m) of the Code, the grant and/or settlement of such Performance Award shall be contingent upon achievement of pre-established
performance goals and other terms set forth in this Section 7(b). 

	 	(i)	Performance Goals Generally. The performance goals for such Performance Awards shall consist of one or more business criteria and a targeted level or levels of performance
with respect to such criteria, as specified by the Administrator consistent with this Section 7(b). Performance goals shall be objective and shall otherwise meet the requirements of Section 162(m) of the Code, including the requirement that
the level or levels of performance targeted by the Administrator result in the performance goals being “substantially uncertain.” The Administrator may determine that more than one performance goal must be achieved as a condition to
settlement of such Performance Awards. Performance goals may differ for Performance Awards granted to any one Participant or to different Participants. 

  

	 	(ii)	Business Criteria. One or more of the following business criteria for the Company, on a consolidated basis, and/or for specified Subsidiaries or business units of the Company
(except with respect to the total stockholder return and earnings per share criteria), shall be used exclusively by the Administrator in establishing performance goals for such Performance Awards: (1) total stockholder return; (2) such total
stockholder return as compared to total return (on a comparable basis) of a publicly available index; (3) total revenues; (4) operating income; (5) net income; (6) earnings before interest, taxes, depreciation and amortization
(“EBITDA”); (7) operating margin; (8) earnings per share; (9) trade receivables and inventories days outstanding or turnover; (10) market capitalization; (11) enterprise value; (12) enterprise value/revenue; (13) enterprise
value/EBITDA; (14) market value/book value; (15) return on assets; (16) return on equity; (17) quick ratio, i.e., current assets minus inventories, divided by current liabilities; (18) current ratio, i.e., current assets divided by current
liabilities; (19) interest coverage ratio; (20) asset turnover; (21) cash flow/total interest expense; (22) earnings before interest and taxes (“EBIT”)/total assets; (23) net worth/total liabilities; (24) working capital/total
assets; (25) total cash; (26) book value per share; (27) total debt/equity; (28) cash flow from operations; (29) operating expense growth; (30) price/earnings; and (31) profit margin. 

  

	 	(iii)	Performance Period: Timing For Establishing Performance Goals. Achievement of performance goals in respect of such Performance Awards shall be measured over such periods as
may be specified by the Administrator. Performance goals shall be established on or before the dates that are required or permitted for “performance-based compensation” under Section 162(m) of the Code. 

  

	 	(iv)	 Settlement of Performance Awards; Other Terms. Settlement of Performance Awards may be in cash or Stock, or other Awards, or other property, in the
discretion of the Administrator. The Administrator may, in its discretion, reduce the amount of a settlement otherwise to be made in 

	 	 
connection with such Performance Awards, but may not exercise discretion to increase any such amount payable in respect of a Performance Award subject to
this Section 7(b). The Administrator shall specify the circumstances in which such Performance Awards shall be forfeited or paid in the event of a termination of employment or a Change in Control prior to the end of a performance period or
settlement of Performance Awards, and other terms relating to such Performance Awards. 

  

	 	(v)	Written Determinations. All determinations by the Administrator as to the establishment of performance goals and the potential Performance Awards related to such performance
goals and as to the achievement of performance goals relating to such Awards, shall be made in writing in the case of any Award intended to qualify under Section 162(m) of the Code. The Administrator may not delegate any responsibility relating to
such Performance Awards. 

  

	8.	CHANGE IN CONTROL PROVISIONS. 

  

	 	(a)	Impact of Event. Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in Control: 

  

	 	(i)	Any Stock Options and Stock Appreciation Rights outstanding as of the date such Change in Control is determined to have occurred and not then exercisable and vested shall become
fully exercisable and vested to the full extent of the original grant; 

  

	 	(ii)	The restrictions applicable to any outstanding Stock Award shall lapse, and the Stock relating to such Award shall become free of all restrictions and become fully vested and
transferable to the full extent of the original grant; 

  

	 	(iii)	All outstanding repurchase rights of the Company with respect to any outstanding Awards shall terminate; and 

  

	 	(iv)	Outstanding Awards shall be subject to any agreement of merger or reorganization that effects such Change in Control, which agreement shall provide for: 

  

	 	(A)	The continuation of the outstanding Awards by the Company, if the Company is a surviving corporation; 

  

	 	(B)	The assumption of the outstanding awards by the surviving corporation or its parent or subsidiary; 

  

	 	(C)	The substitution by the surviving corporation or its parent or subsidiary of equivalent awards for the outstanding Awards; or 

  

	 	(D)	Settlement of each share of Stock subject to an outstanding Award for the Change in Control Price (less, to the extent applicable, the per share exercise price), provided,
however, that if the per share exercise price equals or exceeds the Change in Control Price, the outstanding Award shall terminate and be canceled. 

  

	 	(v)	In the absence of any agreement of merger or reorganization effecting such Change in Control, each share of Stock subject to an outstanding Award shall be settled for the Change in
Control Price (less, to the extent applicable, the per share exercise price), provided, however, that if the per share exercise price equals or exceeds the Change in Control Price, the outstanding Award shall terminate and be canceled.

  

	 	(b)	Definition of Change in Control. For purposes of the Plan, a “Change in Control” shall mean the happening of any of the following events:

  

	 	(i)	An acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of either (1) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (2) the combined voting power
of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); excluding, however, the following: (1) any acquisition
directly from the Company, other than an acquisition by virtue of the exercise of a conversion privilege unless the security being so converted was itself acquired directly from the Company, (2) any acquisition by the Company; (3) any acquisition by
any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or (4) any acquisition by any Person pursuant to a transaction which complies with clauses (1), (2) and (3) of
subsection (iii) of this Section 8(b); or 

  

	 	(ii)	 Within any period of 24 consecutive months, a change in the composition of the Board such that the individuals who, immediately prior to such period, constituted
the Board (such Board shall be hereinafter referred to as the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that for purposes of this Section 8(b),
any individual who becomes a member of the Board during such period, whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of those individuals who are members of the Board and
who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered as though such individual were a member of the Incumbent Board; but, provided further, that any such individual
whose initial assumption of office occurs as a result of either an actual or threatened election contest with respect to the election or removal of directors or other 

  

	 	 
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board shall not be so considered as a member of the
Incumbent Board; or 

  

	 	(iii)	The approval by the stockholders of the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company
(“Corporate Transaction”); excluding, however, such a Corporate Transaction pursuant to which (1) all or substantially all of the individuals and entities who are the beneficial owners, respectively, of the outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior to such Corporate Transaction will beneficially own, directly or indirectly, more than 60% of, respectively, the outstanding shares of common stock, and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Corporate Transaction (including, without limitation, a corporation which as a
result of such transaction owns the Company or all or substantially all of the Company’s assets, either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Corporate
Transaction, of the outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (2) no Person (other than the Company or any employee benefit plan (or related trust) sponsored or maintained by the Company, by any
corporation controlled by the Company, or by such corporation resulting from such Corporate Transaction) will beneficially own, directly or indirectly, more than 50% of, respectively, the outstanding shares of common stock of the corporation
resulting from such Corporate Transaction or the combined voting power of the outstanding voting securities of such corporation entitled to vote generally in the election of directors, except to the extent that such ownership existed with respect to
the Company prior to the Corporate Transaction, and (3) individuals who were members of the Board immediately prior to the approval by the stockholders of the Corporation of such Corporate Transaction will constitute at least a majority of the
members of the board of directors of the corporation resulting from such Corporate Transaction; or 

  

	 	(iv)	The approval by the stockholders of the Company of a complete liquidation or dissolution of the Company, other than to a corporation pursuant to a transaction which would comply
with clauses (1), (2) and (3) of subsection (iii) of this Section 8(b), assuming for this purpose that such transaction were a Corporate Transaction. 

  

	 	(c)	 Change in Control Price. For purposes of the Plan, “Change in Control Price” means (i) if the Change in Control is the result of a tender or
exchange offer or a Corporate Transaction, the highest price per share of Stock paid in such tender or exchange offer or Corporate Transaction; or (ii) if the Change in Control is not the result of a tender or exchange offer or Corporation
Transaction, the highest reported sales price, regular 

  

	 	 
way, of a share of Stock in any transaction reported on the NASDAQ or other national securities exchange or market on which such shares are listed, as
applicable, during the 60-day period prior to and including the date of a Change in Control. To the extent that the consideration paid in any such transaction described above consists all or in part of securities or other non-cash consideration, the
value of such securities or other non-cash consideration shall be determined in the sole discretion of the Board. 

  

	9.	MISCELLANEOUS. 

  

	 	(a)	Amendment. The Board may amend, alter, or discontinue the Plan, but no amendment, alteration or discontinuation shall be made which would adversely affect the rights of a
Participant under an Award theretofore granted without the Participant’s consent. No such amendment shall be made without the approval of the Company’s stockholders to the extent such approval is required by law, agreement or the rules of
any stock exchange or market on which the Stock is listed. 

  
 The Board may, without amending the plan, modify Stock Options or other Awards granted to Participants who are foreign nationals or employed outside the United States to recognize differences in laws, rules,
regulations or customs of such foreign jurisdictions with respect to tax, securities, currency, employment, employee benefit or other matters. 
  
 The Administrator may amend the terms of any Stock Option or other Award theretofore granted, prospectively or retroactively, but no such amendment shall
adversely affect the rights of the holder thereof without the holder’s consent. Notwithstanding the foregoing, neither the Board nor a Committee may (i) amend a Stock Option to reduce its option price, (ii) cancel a Stock Option and regrant a
Stock Option with a lower option price than the option price of the cancelled Stock Option or (iii) take any other action (whether in the form of an amendment, cancellation or replacement grant) that has the effect of repricing a Stock Option.

  

	 	(b)	Unfunded Status of Plan. It is intended that this Plan be an “unfunded” plan for incentive and deferred compensation. The Administrator may authorize the creation
of trusts or other arrangements to meet the obligations created under this Plan to deliver Common Stock or make payments, provided that, unless the Administrator otherwise determines, the existence of such trusts or other arrangements
is consistent with the “unfunded” status of this Plan. 

  

	 	(c)	General Provisions. 

  

	 	(i)	 The Administrator may require each person purchasing or receiving shares pursuant to an Award to represent to and agree with the Company in writing that such person
is acquiring the shares without a view to the distribution thereof. The certificates for such shares may include any legend which the Administrator deems appropriate to reflect any restrictions on transfer. 

  

	 	 
All shares of Stock or other securities delivered under the Plan shall be subject to such stock transfer orders and other restrictions as the Administrator
may deem advisable under the rules, regulations and other requirements of the Commission, any stock exchange or market on which the Stock is then listed and any applicable Federal or state securities law, and the Administrator may cause a legend or
legends to be put on any such certificates to make appropriate reference to such restrictions. 

  

	 	(ii)	Nothing contained in the Plan shall prevent the Company or any Affiliate from adopting other or additional compensation arrangements for its employees. 

  

	 	(iii)	The adoption of the Plan shall not confer upon any employee, director, consultant or advisor any right to continued employment, directorship or service, nor shall it interfere in
any way with the right of the Company or any Subsidiary or Affiliate to terminate the employment or service of any employee, consultant or advisor at any time. 

  

	 	(iv)	No later than the date as of which an amount first becomes includible in the gross income of the Participant for Federal income tax purposes with respect to any Award under the
Plan, the Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, any Federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless
otherwise determined by the Administrator, withholding obligations may be settled with Stock, including Stock that is part of the Award that gives rise to the withholding requirement. The obligations of the Company under the Plan shall be
conditional on such payment or arrangements, and the Company, its Subsidiaries and its Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Participant. The Administrator may
establish such procedures as it deems appropriate for the settlement of withholding obligations with Stock. 

  

	 	(v)	The Administrator shall establish such procedures as it deems appropriate for a Participant to designate a beneficiary to whom any amounts payable in the event of the
Participant’s death are to be paid. 

  

	 	(vi)	Any amounts owed to the Company or an Affiliate by the Participant of whatever nature may be offset by the Company from the value of any shares of Common Stock, cash or other thing
of value under this Plan or an Agreement to be transferred to the Participant. 

  

	 	(vii)	The grant of an Award shall in no way affect the right of the Company to adjust, reclassify, reorganize or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets. 

  

	 	(viii)	If any payment or right accruing to a Participant under this Plan (without the application of this Section 9(c)(viii)), either alone or together with other payments or rights
accruing to the Participant from the Company or an Affiliate (“Total Payments”) would constitute a “parachute payment” (as defined in Section 280G of the Code and regulations thereunder), such payment or right shall
be reduced to the largest amount or greatest right that will result in no portion of the amount payable or right accruing under this Plan being subject to an excise tax under Section 4999 of the Code or being disallowed as a deduction under Section
280G of the Code; provided, however, that the foregoing shall not apply to the extent provided otherwise in an Award or in the event the Participant is party to an agreement with the Company or an Affiliate that explicitly provides for
an alternate treatment of payments or rights that would constitute “parachute payments.” The determination of whether any reduction in the rights or payments under this Plan is to apply shall be made by the Administrator in good faith
after consultation with the Participant, and such determination shall be conclusive and binding on the Participant. The Participant shall cooperate in good faith with the Administrator in making such determination and providing the necessary
information for this purpose. The foregoing provisions of this Section 9(c)(viii) shall apply with respect to any person only if, after reduction for any applicable Federal excise tax imposed by Section 4999 of the Code and Federal income tax
imposed by the Code, the Total Payments accruing to such person would be less than the amount of the Total Payments as reduced, if applicable, under the foregoing provisions of this Plan and after reduction for only Federal income taxes.

  

	 	(ix)	To the extent that the Administrator determines that the restrictions imposed by the Plan preclude the achievement of the material purposes of the Awards in jurisdictions outside
the United States, the Administrator in its discretion may modify those restrictions as it determines to be necessary or appropriate to conform to applicable requirements or practices of jurisdictions outside of the United States.

  

	 	(x)	The headings contained in this Plan are for reference purposes only and shall not affect the meaning or interpretation of this Plan. 

  

	 	(xi)	If any provision of this Plan shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability shall not effect any other provision hereby, and this
Plan shall be construed as if such invalid or unenforceable provision were omitted. 

  

	 	(xii)	This Plan shall inure to the benefit of and be binding upon each successor and assign of the Company. All obligations imposed upon a Participant, and all rights granted to the
Company hereunder, shall be binding upon the Participant’s heirs, legal representatives and successors. 

  

	 	(xiii)	This Plan and each agreement granting an Award constitute the entire agreement with respect to the subject matter hereof and thereof, provided that in the event of any
inconsistency between this Plan and such agreement, the terms and conditions of the Plan shall control. 

  

	 	(xiv)	None of the Company, an Affiliate or the Administrator shall have any duty or obligation to disclose affirmatively to a record or beneficial holder of Stock or an Award, and such
holder shall have no right to be advised of, any material information regarding the Company or any Affiliate at any time prior to, upon or in connection with receipt or the exercise of an Award or the Company’s purchase of Stock or an Award
from such holder in accordance with the terms hereof. 

  

	 	(xv)	This Plan, and all Awards, agreements and actions hereunder, shall be governed by, and construed in accordance with, the laws of the state of Delaware (other than its law respecting
choice of law). 

  

	10.	DEFERRAL OF AWARDS. 

  
 The Administrator (in its sole discretion) may permit a Participant to: 
  

	 	(a)	have cash that otherwise would be paid to such Participant as a result of the exercise of a Stock Appreciation Right or the settlement of a Stock Award credited to a deferred
compensation account established for such Participant by the Administrator as an entry on the Company’s books; 

  

	 	(b)	have Stock that otherwise would be delivered to such Participant as a result of the exercise of a Stock Option or a Stock Appreciation Right converted into an equal number of Stock
units; or 

  

	 	(c)	have Stock that otherwise would be delivered to such Participant as a result of the exercise of a Stock Option or Stock Appreciation Right or the settlement of a Stock Award
converted into amounts credited to a deferred compensation account established for such Participant by the Administrator as an entry on the Company’s books. Such amounts shall be determined by reference to the Fair Market Value of the Stock as
of the date on which they otherwise would have been delivered to such Participant. 

  
 A deferred compensation account established under this Section 10 may be credited with interest or other forms of investment return, as determined
by the Administrator. A Participant for whom such an account is established shall have no rights other than those of a general creditor of the Company. Such an account shall represent an unfunded and unsecured obligation of the Company and shall be
subject to the terms and conditions of the applicable agreement between such Participant and the Company. If the deferral or conversion of awards is permitted or required, the Administrator (in its sole discretion) may establish rules, procedures
and forms 

  

 
pertaining to such awards, including (without limitation) the settlement of deferred compensation accounts established under this Section 10.

  

	11.	DEFINITIONS. 

  
 For purposes of this Plan, the following terms are defined as set forth below: 
  

	 	(a)	“Affiliate” means a corporation or other entity controlled by the Company and designated by the Administrator as such. 

  

	 	(b)	“Award” means a Stock Appreciation Right, Stock Option or Stock Award. 

  

	 	(c)	“Board” means the Board of Directors of the Company. 

  

	 	(d)	“Cause” means (i) the conviction of the Participant for committing a felony under Federal law or the law of the state in which such action occurred, (ii) dishonesty
in the course of fulfilling the Participant’s duties as an employee or director of, or consultant or advisor to, the Company, (iii) willful and deliberate failure on the part of the Participant to perform such duties in any material respect or
(iv) breach by the Participant of a confidentiality, non-disclosure or non-competition agreement with the Company. Notwithstanding the foregoing, if the Participant and the Company or the Affiliate have entered into an employment or services
agreement which defines the term “Cause” (or a similar term), such definition shall govern for purposes of determining whether such Participant has been terminated for Cause for purposes of this Plan. The determination of Cause shall be
made by the Administrator, in its sole discretion. 

  

	 	(e)	“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 

  

	 	(f)	“Commission” means the Securities and Exchange Commission or any successor agency. 

  

	 	(g)	“Committee” means the Compensation Committee of the Board or another committee of Directors appointed by the Board to administer this Plan. Insofar as the Committee
is responsible for granting Awards to Participates hereunder, it shall consist solely of two or more directors, each of whom is an “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act, an “outside
director” under Section 162(m) of the Code, and an “independent director” under NASDAQ listing standards. 

  

	 	(h)	“Company” means Bio-logic Systems Corp., a Delaware corporation. 

  

	 	(i)	“Covered Employee” means a person who is a “covered employee” within the meaning of Section 162(m) of the Code. 

  

	 	(j)	“Director” means a member of the Company’s Board of Directors. 

  

	 	(k)	“Disability” means mental or physical illness that entitles the Participant to receive benefits under the long-term disability plan of the Company or an Affiliate,
or if the Participant is not covered by such a plan or the Participant is not an employee of the Company or an Affiliate, a mental or physical illness that renders a Participant totally and permanently incapable of performing the Participant’s
duties for the Company or an Affiliate; provided, however, that a Disability shall not qualify under this Plan if it is the result of (i) a willfully self-inflicted injury or willfully self-induced sickness; or (ii) an injury or
disease contracted, suffered or incurred while participating in a criminal offense. Notwithstanding the foregoing, if the Participant and the Company or an Affiliate have entered into an employment or services agreement which defines the term
“Disability” (or a similar term), such definition shall govern for purposes of determining whether such Participant suffers a Disability for purposes of this Plan. The determination of Disability shall be made by the Administrator, in its
sole discretion. The determination of Disability for purposes of this Plan shall not be construed to be an admission of disability for any other purpose. 

  

	 	(l)	“Effective Date” means July 22, 2004. 

  

	 	(m)	“Eligible Individual” means any officer, employee or director of the Company or a Subsidiary or Affiliate, or any consultant or advisor providing services to the
Company or a Subsidiary or Affiliate. 

  

	 	(n)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 

  

	 	(o)	“Fair Market Value” means, as of any given date, the fair market value of the Stock as determined by the Administrator or under procedures established by the
Administrator. Unless otherwise determined by the Administrator, the Fair Market Value per share shall be the closing sales price per share of the Stock on NASDAQ (or the principal stock exchange or market on which the Stock is then traded) on the
date as of which such value is being determined or, if there is no sale reported on such date, on the last previous day on which a sale was reported. 

  

	 	(p)	 “Family Member” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law of a Participant (including adoptive relationships); any person sharing the Participant’s household (other than a tenant or employee); any trust in which
the Participant and any of these persons have all of the beneficial interest; any foundation in which the Participant and any of these persons control the management of the assets; any corporation, partnership, limited liability company or other
entity in which the Participant and any of these other persons are the direct and beneficial owners of all of the equity interests (provided the Participant and these other persons agree in writing to remain the direct and beneficial owners of all
such equity interests); and any personal representative of the Participant upon the Participant’s death for purposes of administration of the 

  

	 	 
Participant’s estate or upon the Participant’s incompetency for purposes of the protection and management of the assets of the Participant.

  

	 	(q)	“Incentive Stock Option” means any Stock Option intended to be and designated as an “incentive stock option” within the meaning of Section 422 of the
Code. 

  

	 	(r)	“NASDAQ” means The NASDAQ Stock Market, including the NASDAQ National Market and the NASDAQ SmallCap Market. 

  

	 	(s)	“Non-Employee Director” means a Director who is not an officer or employee of the Company. 

  

	 	(t)	“Non-Qualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

  

	 	(u)	“Optionee” means a person who holds a Stock Option. 

  

	 	(v)	“Participant” means a person granted an Award. 

  

	 	(w)	“Retirement” means retirement from active employment under a pension plan of the Company or any subsidiary or Affiliate, or under an employment contract with any of
them, or termination of employment or provision of services at or after age 55 under circumstances which the Administrator, in its sole discretion, deems equivalent to retirement. 

  
 (x) “Stock” means Common Stock, par value $0.01 per share,
of the Company. 
  

	 	(y)	“Stock Appreciation Right” means a right granted under Section 5. 

  

	 	(z)	“Stock Award” means an Award, other than a Stock Option or Stock Appreciation Right, made in Stock or denominated in shares of Stock. 

  

	 	(aa)	“Stock Option” means an option granted under Section 4. 

  

	 	(bb)	“Subsidiary” means any company during any period in which it is a “subsidiary corporation” (as such term is defined in Section 424(f) of the Code) with
respect to the Company. 

  

	 	(cc)	“Ten Percent Holder” means an individual who owns, or is deemed to own, stock possessing more than 10% of the total combined voting power of all classes of stock of
the Company or of any parent or subsidiary corporation of the Company, determined pursuant to the rules applicable to Section 422(b)(6) of the Code. 

  
 In addition, certain other terms used herein have the definitions given to them in the first places in which they are used.

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