Document:

Exhibit 10.1

EMPLOYMENT AGREEMENT

This AGREEMENT made as of February 17, 2011, between
ZYGO CORPORATION, a Delaware corporation with its principal office at Laurel
Brook Road, Middlefield, Connecticut 06455 (the “Company”), and JOHN P. JORDAN,
residing at 5 Lake Wind Road, New Canaan, Connecticut 06840, (the “Executive”).

WITNESSETH

WHEREAS, the Company desires that Executive
be employed to serve in a senior executive capacity with the Company, and
Executive desires to be so employed by the Company upon the terms and
conditions herein set forth.

NOW, THEREFORE, in consideration of the
premises and of the mutual promises, representations and covenants herein
contained, the parties hereto agree as follows:

1. EMPLOYMENT

The Company hereby employs Executive and Executive hereby accepts
such employment, subject to the terms and conditions herein set forth.
Executive shall hold the office of Vice President and Chief Financial Officer,
reporting to the President and Chief Executive Officer of the Company.

2. TERM

The initial term of employment under this Agreement shall begin on
the effective date of this Agreement (the “Employment Date”), and shall
continue for a period of three years from that date, subject to prior
termination in accordance with the terms hereof. Thereafter, this Agreement
shall automatically be renewed for successive one year terms, subject to prior
termination in accordance with the terms hereof, unless either party shall give
the other not less than thirty (30) days prior written notice of its or his
intent not to renew this Agreement. The initial three-year term together with
all such additional one-year period(s) of employment, if any, are collectively
referred to herein as the “Term” of this Agreement. 

3. COMPENSATION

As compensation for the employment services to be rendered by
Executive hereunder, the Company agrees to pay, or cause to be paid, to
Executive, and Executive agrees to accept, payable in equal installments in
accordance with Company practice, an annual salary which shall be $260,000, or
such higher amount as the Board of Directors may determine from time to time;
provided, however, that such annual salary may be reduced consistent with
salary reductions instituted by the Company for its senior executives
generally. Executive’s base salary will be reviewed annually in accordance with
the Company’s annual review of executive compensations. In addition, Executive
shall be entitled to additional contingent compensation from time to time in
accordance with the terms of the Company’s Management Incentive Plan (“MIP”),
applicable to Executive as the same may be amended from time to time by the
Compensation Committee of the Board. The MIP will have a target bonus
opportunity equal to 50% of Executive’s base earnings for the fiscal year in
question. This bonus is based upon the achievement of corporate and individual
goals established prior to the start of each fiscal year, which begins on July
1 of each year. Executive’s participation in the MIP for the 2011 fiscal year
will be prorated with respect to his actual base earnings for the 2011 fiscal
year and upon the achievement of corporate and individual goals as agreed on
his start date with the Company. 

1

4. EXPENSES

The Company shall pay or reimburse Executive, upon presentment of
suitable vouchers, for all reasonable business and travel expenses which may be
incurred or paid by Executive in connection with his employment hereunder.
Executive shall comply with such restrictions and shall keep such records as
the Company may deem necessary to meet the requirements of the Internal Revenue
Code of 1986, as amended from time to time, and regulations promulgated
thereunder.

5. INSURANCE AND OTHER BENEFITS

Executive shall be entitled to 3 weeks paid vacation and to
participate in and receive any other benefits customarily provided by the
Company (including, but not limited to, a 401(k) plan, an employee stock
purchase plan (sometimes referred to as the “Zygo Shares Plan”), a Section 125
pre-tax insurance premium and health/dependent care reimbursement program,
profit sharing, health insurance, dental coverage, a term life insurance policy
of four (4) times the Executive’s annual base salary, up to $1 Million payable
to Executive’s named beneficiary(ies), AD&D, short-term and long-term disability,
and travel accident insurance in accordance with the terms of such plans) and
including stock option plans, all as determined from time to time by the Board
of Directors of the Company. Unused annual vacations may be carried over to the
extent permitted by Company policy, and Executive shall be entitled to cash
compensation in respect of accrued but unused vacation days in the event of
termination under the terms hereof.

6. STOCK OPTIONS; RESTRICTED STOCK

The Company and Executive will enter into a Non-Qualified Stock
Option Agreement dated on the Employment Date, providing for the purchase of
50,000 shares of ten (10) year stock options, at an exercise price per share
equal to the closing market price on the Employment Date, with 25% of the
shares vesting at the end of each of the first four years. Executive may also
receive additional options, from time to time, at the discretion of the
Compensation Committee of the Board. Such stock options shall be awarded
pursuant to, and governed by the Company’s 2002 Equity Incentive Plan, a copy
of which is attached hereto as Exhibit A, as amended or, in the case of future
grants, pursuant to such Plan or any successor equity incentive plan adopted
and maintained by the Company.

7. CHANGE IN CONTROL

The Company and Executive will enter into a Change of Control
Agreement, as adopted and approved by Company’s Board of Directors. Such Change
of Control Agreement, at a minimum, shall provide Executive with a period of
continued employment, or in lieu thereof, continued compensation, for a period
of not less than twelve (12) months following a change of control event as
defined by the Change of Control Agreement, provided, however, the conditions
of the Change of Control Agreement are met. 

8. DUTIES

(a) Executive shall perform such duties and functions as the
President and Chief Executive Officer and Board of Directors of the Company
shall from time to time determine, and Executive shall comply in the
performance of his duties with the policies of, and be subject to, the direction
of the President and Chief Executive Officer and the Board of Directors. Such
duties shall be performed at the Company’s headquarters in Middlefield,
Connecticut, with travel to the Company’s other locations as required.

(b) Executive agrees to devote substantially all his
working time, attention and energies to the performance of the business of the
Company and of any of its subsidiaries by which he may be employed; and
Executive shall not, directly or indirectly, alone or as a member of any partnership
or other organization, or as an officer, director or employee of any other
corporation, partnership or other organization, be actively engaged 

2

in or concerned with any other duties or pursuits
which interfere with the performance of his duties hereunder, or which, even if
non-interfering, may be inimical, or contrary, to the best interests of the
Company, except those duties or pursuits specifically authorized by the Board
of Directors.

(c) All fees, compensation or commissions for personal services
(excluding existing fees, if any, that Executive is receiving from present
Board of Director positions that he has previously disclosed in writing to the
Chief Executive Officer and the Board) received by Executive during the Term of
this Agreement shall be paid to the Company when received by Executive, except
those fees that the Board of Directors determines may be kept by Executive.
Executive will obtain the approval of the Board of Directors before accepting
any director positions. This provision shall not be construed to prevent
Executive from investing or trading in non-conflicting investments as he sees
fit for his own account, including real estate, stocks, bonds, securities,
commodities or other forms of investments.

9. TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION

(a) Executive’s employment hereunder may be terminated at any
time, with or without “justifiable cause” (as herein defined), upon written
notice from the Company to Executive. 

(b) Executive’s employment shall terminate upon:

(i) the death of the Executive; or

(ii) at the election of the Company, the “disability” of Executive (as
hereinafter defined pursuant to subsection (c) herein).

(c) For the purposes of this Agreement, the term
“disability” shall mean the inability of Executive, due to illness, accident or
any other physical or mental incapacity, to perform the essential functions of
his job, with or without a reasonable accommodation, for a period of
three (3) consecutive months or for a total of six (6) months (whether or
not consecutive) in any twelve (12) month period during the Term of this
Agreement (any such period being referred to as a “Disability Period”).

(d) For the purposes hereof, the term “justifiable
cause” shall mean and be limited to (i) any material breach by Executive of the
performance of any of his duties pursuant to this Agreement; (ii) Executive’s
conviction (which, through lapse of time or otherwise, is not subject to
appeal) of any crime or offense involving money or other property of the
Company or its subsidiaries or which constitutes a felony in the jurisdiction
involved; (iii) Executive’s performance of any act or his failure to act, for
which if he were prosecuted and convicted, a crime or offense involving money
or property of the Company or its subsidiaries, or which constitutes a felony
in the jurisdiction involved, would have occurred; (iv) any disclosure by
Executive in violation of the Company’s Code of Business Conduct and Ethics to
any person, firm or corporation other than the Company, its subsidiaries and
its and their directors, officers and employees, of any confidential
information or trade secret of the Company or any of its subsidiaries; (v) any
attempt by Executive to secure any personal profit in connection with the
business of the Company or any of its subsidiaries; (vi) the engaging by
Executive in any business other than the business of the Company and its
subsidiaries which interferes with the performance of his duties hereunder; and
(vii) the failure of the Executive substantially to perform his duties with the
Company, after written demand for substantial performance is delivered to the
Executive by the Company, which demand specifically identifies the manner in
which the Company believes Executive has not substantially performed his duties
and Executive is given not less than thirty (30) days to correct the identified
performance issue or otherwise demonstrate to the Company’s sole satisfaction
that such performance issues are being corrected. 

(e) If Executive shall die during the Term of his
employment hereunder, this Agreement shall terminate immediately. In such
event, the estate of Executive shall thereupon be entitled to receive such
portion of Executive’s annual salary or other amounts in respect of expenses or
vacation not taken as has been accrued but remains unpaid through the date of
his death. The estate shall also be entitled to the rights related to any 

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vested stock options as provided in the Company’s 2002
Equity Incentive Plan (or, if applicable, successor plan).

(f) Notwithstanding any inability to perform his
duties, Executive shall be entitled to receive his compensation as provided
herein until the termination of his employment for disability; provided,
however, nothing herein shall preclude the Company from retaining the services
of another person to perform all or a part of the services heretofore performed
by the Executive during any Disability Period. Any termination pursuant to this
subsection (f) shall be effective on the date 90 days after which Executive shall
have received written notice of the Company’s rightful election to terminate. 

(g) Notwithstanding any provision to the contrary
contained herein, and provided that Executive executes a general release in
favor of the Company, in the event that the Executive’s employment is
terminated by the Company at any time for any reason other than for justifiable
cause, disability or death, or by the Executive for Good Reason (as defined
below), the Company shall pay Executive’s compensation (payable in such amount
and in such manner as set forth in Section 3 herein) from and after the date of
such termination through the remaining Term of this Agreement or twelve (12)
months following termination, whichever is less, at the rate of Executive’s
annual base salary in effect at the time of termination. 

(h) Executive may terminate his employment for Good
Reason. For this purpose, the term “Good Reason” means any of the following:
(a) a material diminution of the duties and responsibilities, taken as a whole,
of Executive, it being understood and agreed that the Chief Executive Officer
and/or the Board may modify the duties or responsibilities assigned to
Executive in a manner that would not be inconsistent with those assigned to an
executive officer of the Company, all as reasonably determined by the Chief
Executive Officer of the Company, and that such modification would not be
deemed a material diminution of duties; (b) a breach by the Company of any of
its material obligations under this Agreement; or (c) in connection with a
change in control, the failure or refusal by the successor or acquiring company
to expressly assume the obligations of Company under this Agreement. As a
condition to terminating his employment for Good Reason, executive must specify
in writing to the Company (or the successor or acquiring company) the nature of
the act or omission that Executive deems to constitute Good Reason and provide
the Company (or the successor or acquiring company) 30 days after receipt of
such notice to review and, if required, correct the situation (and thus prevent
Executive’s termination for Good Reason). Notice of termination for Good Reason
must be provided, if at all, within 30 days after the occurrence of the event
or condition giving rise to such termination.

(i) Executive may terminate his employment before the
end of the Term, subject to at least 60 days’ prior written notice to Company.
Upon receipt of such notice, the Company may relieve Executive of some or all
of his duties and/or set an earlier termination date. Alternatively, upon
receipt of such notice under this Section 9 (i) the Company shall have the
right to terminate Executive immediately without further liability. All rights
and benefits not yet vested or earned at the time of termination shall expire. 

(j) Upon the termination of Executive’s employment
hereunder for “justifiable cause”, this Agreement shall terminate immediately.

10. REPRESENTATIONS
AND AGREEMENTS OF EXECUTIVE

(a) Executive represents and warrants that he is free to enter into
this Agreement and to perform the duties required hereunder, and that there are
no employment contracts or understandings, restrictive covenants or other
restrictions, whether written or oral, preventing the performance of his duties
hereunder. Executive agrees to execute the form of Non-Solicitation Agreement
in the form of Exhibit B hereto, and the Certifications concerning the Revised
Statement of Company Policy Regarding Insider Information and Stock Trading by
Company Personnel, a copy of which is annexed hereto as Exhibit C. Executive
further 

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represents and warrants that he will comply with the
Zygo Code of Business Conduct and Ethics and that he is in full compliance with
all existing agreements, if any, between himself and the Company.

(b) Executive agrees to submit to a medical
examination and to cooperate and supply such other information and documents as
may be required by any insurance company in connection with the Company’s
obtaining life insurance on the life of Executive, and any other type of insurance
or fringe benefit as the Company shall determine from time to time to obtain.

11. ARBITRATION

Except as otherwise specifically provided herein, any claim or
controversy arising out of or relating to this Agreement or the breach hereof
shall be resolved exclusively by arbitration. Any such arbitration will be
administered in the Hartford, Connecticut metropolitan area before an
experienced employment law arbitrator licensed to practice law in that
jurisdiction who has been selected in accordance with the Employment
Arbitration Rules and Mediation Procedures of the American Arbitration
Association. Each party may be represented by counsel of its or his own
choosing and at its or his own expense; provided, however, that attorneys’ fees
and costs may be awarded to a prevailing party in the discretion of the
arbitrator. The arbitrator’s award will be enforceable, and a judgment may be
entered thereon, in a federal or state court of competent jurisdiction in the
state where the arbitration was held. The decision of the arbitrator will be
final and binding. 

12. INDEMNIFICATION; D&O INSURANCE

To the extent permitted by its Certificate of Incorporation and
By-laws and subject to applicable law, the Company will indemnify, defend and
hold Executive harmless from and against any claim, liability or expense
(including reasonable attorneys’ fees) made against or incurred by him as a
result of his employment with the Company or any subsidiary or other affiliate
of the Company, including service as an officer or director of the Company or
any subsidiary or other affiliate of the Company. The Company shall cover
Executive under directors and officers liability insurance both during and,
while potential liability exists, after the Term or any termination, in the same
amount and to the same extent as the Company covers its other officers and
directors, which amount will be determined in consultation with the Executive
and will be intended to provide sufficient coverage against all potential
liability of the covered individuals, subject to applicable law. 

13. NON-COMPETITION

(a) Executive agrees that during his employment by the Company
(which shall be deemed to include the period in which Executive is receiving
any payments set forth in Section 9(h) hereto), and for a period of one (l)
year after the termination of Executive’s employment hereunder (or, if
applicable, after the final severance payment) (the “Non-Competitive Period”),
Executive shall not, directly or indirectly, as owner, partner, joint venturer,
stockholder, employee, broker, agent, principal, trustee, corporate officer,
director, licensor, or in any capacity whatsoever engage in, become financially
interested in, be employed by, render any consultation or business advice with
respect to, or have any connection with, any business engaged in the research,
development, testing, design, manufacture, sale, lease, marketing, utilization
or exploitation of any products or services which are designed for the same
purpose as, are similar to, or are otherwise competitive with, products or
services of the Company or any of its subsidiaries, in any geographic area
where, at the time of the termination of his employment hereunder, the business
of the Company or any of its subsidiaries was being conducted or was proposed
to be conducted in any manner whatsoever; provided, however, that Executive may
own any securities of any corporation which is engaged in such business and is
publicly owned and traded but in an amount not to exceed at any one time one
percent (1%) of any class of stock or securities of such corporation. In
addition, Executive shall not, directly or indirectly, during the
Non-Competitive Period, (i) request or cause contracting parties, suppliers or
customers with whom the Company or any of its subsidiaries has a business
relationship to cancel or terminate any such business relationship with the
Company or any of its subsidiaries or (ii) solicit, interfere with, entice from
the Company or hire 

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any employee (or former employee) of the Company, or
cause or encourage any other person or entity to take any such action.

(b) Executive acknowledges that the Company conducts business on a worldwide
basis, that its sales and marketing prospects are for continued expansion into
world markets and that, therefore, the territorial and time limitations set
forth in this Section 13 are reasonable and properly required for the adequate
protection of the business of the Company and its subsidiaries. In the event
any such territorial or time limitation is deemed to be unreasonable by a court
of competent jurisdiction, Executive agrees to the reduction of the territorial
or time limitation to the area or period which such court deems reasonable.

 (c) If any
portion of the restrictions set forth in this Section 13 should, for any reason
whatsoever, be declared invalid by a court of competent jurisdiction, the
validity or enforceability of the remainder of such restrictions shall not
thereby be adversely affected.

14. NON-DISCLOSURE AND INVENTIONS AND DISCOVERIES
AGREEMENT

Executive will execute the form of “Zygo Corporation Nondisclosure
and Assignment of Inventions Agreement” in the form of Exhibit D hereto.

15. RIGHT TO INJUNCTION

Executive recognizes that the services to be rendered by him
hereunder are of a special, unique, unusual, extraordinary and intellectual
character involving skill of the highest order and giving them peculiar value
the loss of which cannot be adequately compensated for in damages. In the event
of a breach of this Agreement by Executive, the Company shall be entitled to
injunctive relief or any other legal or equitable remedies. Executive agrees
that the Company may recover by appropriate action the amount of the actual
damage caused the Company by any failure, refusal or neglect of Executive to perform
his agreements, representations and warranties herein contained. The remedies
provided in this Agreement shall be deemed cumulative and the exercise of one
shall not preclude the exercise of any other remedy at law or in equity for the
same event or any other event.

16. AMENDMENT OR ALTERATION

No amendment or alteration of the terms of this Agreement shall be
valid unless made in writing and signed by both of the parties hereto.

17. GOVERNING LAW

This Agreement shall be governed by the laws of the State of
Connecticut applicable to agreements made and to be performed therein.

18. SEVERABILITY

The holding of any provision of this Agreement to be invalid or
unenforceable by a court of competent jurisdiction shall not affect any other
provision of this Agreement, which shall remain in full force and effect.

19. NOTICES

Any notices required or permitted to be given hereunder shall be
sufficient if in writing, and if delivered by hand, or sent by certified mail,
return receipt requested, to the addresses set forth above or such other
address as either party may from time to time designate in writing to the
other, and shall be deemed given as of the date of the delivery or mailing.

20. WAIVER OR BREACH

It is agreed that a waiver by either party of a breach of any
provision of this Agreement shall not operate, or be construed, as a waiver of
any subsequent breach by that same
party.

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21. ENTIRE AGREEMENT AND BINDING EFFECT

This Agreement (together with the exhibits and other agreements
referenced herein to be executed by the Executive) contains the entire
agreement of the parties with respect to the subject matter hereof and shall be
binding upon and inure to the benefit of the parties hereto and their
respective legal representatives, heirs, distributors, successors and assigns.
Notwithstanding the foregoing, all prior agreements, if any, between Executive
and the Company relating to the confidentiality of information, trade secrets
and patents shall not be affected by this Agreement.

22. SURVIVAL

The termination of Executive’s employment hereunder shall not affect
the enforceability of Sections 6, 9(e)-(g), 10, 11, 12, 13, 14 and 15 hereof.

23. FURTHER ASSURANCES

The parties agree to execute and deliver all such further documents,
agreements and instruments and take such other and further action as may be
necessary or appropriate to carry out the purposes and intent of this
Agreement.

24. HEADINGS

The section headings appearing in this Agreement are for the
purposes of easy reference and shall not be considered a part of this Agreement
or in any way modify, demand or affect its provisions.

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

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EXECUTIVE

 	
 ZYGO
 CORPORATION

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	

 

 	
  

 	
  

 	

 

 	
  

 
	
 John P. Jordan

 	
  

 	
  

 	
 John A. Tomich

 	
  

 
	
  

 	
  

 	
 Vice President, General Counsel &

 
	
  

 	
  

 	
 Secretary

 

7stockplan.htm

TRANSFER TECHNOLOGY INTERNATIONAL CORP.

2010 STOCK OPTION PLAN

1.              Purposes of the Plan. The purposes of this Stock Option Plan are to attract and retain the best available personnel for positions of substantial
responsibility, to provide additional incentive to the Employees and Consultants of the Company and to promote the success of the Company's business.

Options granted hereunder may be either "incentive stock options,"as defined in Section 422 of the Internal Revenue Code of 1986, as amended with respect to Employees, or "nonstatutory stock options," with respect to Consultants and/or Employees as reflected in the terms of the written Option
Agreement.

2.              Definitions. As used herein, the following definitions shall apply

	
(a)
	
"Board" shall mean the Board of Directors of the Company.

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

(c)              "Common Stock" shall mean the Common Stock of the Company.

	
(d)
	
"Company" shall mean Transfer Technology International Corp., a Delaware corporation.

	
(e)
	
"CEO" shall mean the Chief Executive Officer of the Company.

	
(f)
	
"Consultant" shall mean any person who is engaged by the Company or any subsidiary to render consulting services and is compensated for such consulting services, and any director of the Company whether compensated for such services or not.

	
(g)
	
"Continuous Status as an Employee or Consultant" shall mean the absence of any interruption or termination of service as an Employee or Consultant. Continuous Status as an Employee or Consultant shall not be considered interrupted in the case of sick leave, military leave, or any other leave of absence approved by the Board; provided that such leave is for a period of not more than 90 days or reemployment upon the expiration
of such leave is guaranteed by contract or statute.

	
(h)
	
"Employee" shall mean any person, including officers and directors, employed by the Company or any Parent or Subsidiary of the Company. The payment of a director's fee by the Company shall not be sufficient to constitute "employment" by the Company.

	
(i)
	
"Incentive Stock Option" shall mean an Option intended to qualify as an Incentive Stock Option within the meaning of Section 422 of the Code.

(j)              "Option" shall mean a Stock Option granted pursuant to the

                                                Plan.

(k)              "Option Stock" shall mean the Common Stock subject to an

                                                Option.

	
(l)
	
"Optionee" shall mean an Employee or Consultant who receives an Option.

	
(m)
	
"Parent" shall mean a "parent corporation," whether now or hereafter existing, as defined in Section 425(e) of the Code.

(n)              "Plan" shall mean this 2010 Stock Option Plan.

	
(o)
	
"Share" shall mean a share of the Common Stock, as adjusted in accordance with Section 11 of the Plan.

	
(p)
	
"Subsidiary" shall mean a subsidiary corporation, whether now or hereafter existing, as defined in Section 425(f) of the Code.

	
(q)
	
"Unvested Portion" shall mean any Option with respect to the number of shares of Common Stock for that Option that are not exercisable as of the date of the closing of a Transaction resulting in a Change in Control. In the case of a Change in Control which occurs as the results of a series of transactions, the closing date shall be deemed to be the closing date of the final Transaction affecting the Change in Control.

3.              Stock Subject to the Plan.  The maximum aggregate number of shares which may be optioned and sold under the Plan is fifteen million
(15,000,000) shares of Common Stock, which may be authorized, but unissued, Common Stock.

If an Option should expire or become unexercisable for any reason without having been exercised in full, the unpurchased Shares which were subject thereto shall, unless the Plan shall have been terminated, become available for future grant under the Plan.

4.              Administration of the Plan.

	
(a)
	
Procedure. The Plan shall be administered by the CEO of the Company.

	
(b)
	
Powers of the CEO. Subject to the provisions of the Plan, the CEO shall have the authority, in his discretion: (i) to grant Incentive Stock Options to Employees, in accordance with Section 422 of the Code, or "nonstatutory stock options to Consultants and/or Employees;" (ii) to determine, upon review of relevant information and in accordance with Section
8(b) of the Plan, the fair market value of the Common Stock; (iii) to determine the exercise price per share of Options to be granted, which exercise price shall be determined in accordance with Section 8(a) of the Plan; (iv) to determine the Employees or Consultants to whom, and the time or times at which, Options shall be granted and the number of shares to be represented by each Option; (v) to interpret the Plan; (vi) to prescribe, amend and rescind rules and regulations relating to the Plan; (vii) to determine
the terms and provisions of each Option granted (which need not be identical) and, with the consent of the holder thereof, modify or amend each Option; (viii) to accelerate or defer (with the consent of the Optionee as to any deferral) the exercise date of any Option consistent with the provisions of Section 5 of the Plan; (ix) to make all other determinations deemed necessary or advisable for the administration of the Plan.

	
(c)
	
Effect of CEO's Decision. All decisions, determinations and interpretations of the CEO shall be final and binding on all Optionees and any other holders of any Options granted under the Plan.

5.              Eligibility.

	
(a)
	
Options may be granted only to Employees and Consultants. Incentive Stock Options may be granted only to Employees. An Employee or Consultant who has been granted an Option may, if he is otherwise eligible, be granted an additional Option or Options.

	
(b)
	
No Incentive Stock Option may be granted to an Employee which, when aggregated with all other incentive stock Options granted to such Employee by the Company or any Parent or Subsidiary, would result in Shares having an aggregate fair market value (determined for each Share as of the date of grant of the Option covering such Share) in excess of $100,000 becoming first available for purchase upon exercise of one or more
Incentive Stock Options during any calendar year.

	
(c)
	
Section 5(b) of the Plan shall apply only to an Incentive Stock Option evidenced by a written Option agreement which shall expressly identify the Option as an Incentive Stock Option. Section 5(b) of the Plan shall not apply to any Option evidenced by an Option agreement which sets forth the intention of the Company and the Optionee that such Option shall be a nonstatutory Stock Option.

	
(d)
	
The Plan shall not confer upon any Optionee any right with respect to continuation of employment or consulting relationship with the Company, nor shall it interfere in any way with his right or the Company's right to terminate his employment or consulting relationship at any time.

6.              Term of Plan. The Plan shall become effective upon the filing of Form S-8 with the United States Securities and Exchange Commission registering
the Plan. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 13 of the Plan.

7.              Term of Option. The term of each Incentive Stock Option shall be ten (10) years from the date of grant thereof or such shorter term as may
be provided in the Stock Option agreement. The term of each Option that is not an Incentive Stock Option shall be (10) years and one (1) day from the date of grant thereof or such shorter term as may be provided in the Stock Option agreement. However, in the case of an Option granted to an Optionee who, at the time the Option is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, (a) if the Option is an Incentive
Stock Option, the term of the Option shall be five (5) years from the date of grant thereof or such shorter time as may be provided in the Stock Option agreement, or (b) if the Option is not an Incentive Stock Option, the term of the Option shall be five (5) years and one (1) day from the date of grant thereof or such shorter term as may be provided in the Stock Option agreement.

	
8.  
	
Exercise Price and Consideration.

	
(a)
	
The per Share exercise price for the Shares to be issued pursuant to exercise of an Option shall be such price as is determined by the CEO, but shall be subject to the following:  (i)  In the case of an Incentive Stock Option:  (A)  granted to an Employee who, at the time of the grant of such Incentive Stock Option, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price shall be no less than 110% of the fair market value per Share on the date of grant,  (B) granted to an Employee, the per Share exercise price shall be no less than 100% of the fair market value per Share on the date of grant;  (ii) In the case of a nonstatutory Stock Option, the per Share exercise price shall be no less than the price per Share set by the CEO on the date of grant.

	
(b)
	
The fair market value shall be determined in the following manner. If the stock is unlisted, the fair market value shall be determined by the CEO, in his discretion. If listed, the value shall be the Closing Sales Price of the Company's Common Stock as reported on the NASDAQ National Market System on the business day immediately preceding the date of grant. In the event the Common Stock is listed on a stock exchange,
the fair market value per share shall be the closing price on such exchange on the business day immediately preceding the date of grant, as reported in the Wall Street Journal.

	
(c)
	
The consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment shall be determined by the CEO and may consist entirely of cash, check, promissory note, surrender of shares of Common Stock of the Company acquired pursuant to the exercise of the Option, other Shares of Common Stock having a fair market value on the date of surrender equal to the aggregate exercise
price of the Shares as to which said Option shall be exercised, or any combination of such methods of payment, or such other consideration and method of payment for the issuance of Shares to the extent permitted under Nevada Corporation Law. In making its determination as to the type of consideration to accept, the CEO shall consider if acceptance of such consideration may be reasonably expected to benefit the Company.

9.              Exercise of Option.

	
(a)
	
Procedure for Exercise; Rights as a Stockholder. Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the CEO, including performance criteria with respect to the Company and/or the Optionee, and as shall be permissible under the terms of the Plan. An Option may not be exercised for a fraction of a Share.  An
Option shall be deemed to be exercised when written notice of such exercise has been given to the Company in accordance with the terms of the Option by the person entitled to exercise the Option and full payment for the Shares with respect to which the Option is exercised has been received by the Company. Full payment may, as authorized by the CEO, consist of any consideration and method of payment allowable under Section 8(c) of the Plan. Until the issuance (as evidenced by the appropriate entry on the books
of the Company or of a duly authorized transfer agent of the Company) of the Stock Certificate evidencing such shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Stock Certificate is issued, except as provided in Section 11 of the Plan. Exercise of an Option in any manner shall result
in a decrease in the number of Shares which thereafter may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised.

	
(b)
	
Termination of Status as an Employee or Consultant. If an Employee or Consultant ceases to serve as an Employee or Consultant (as the case may be), he may, but only within three (3) months (or such other period of time not exceeding three (3) months as is determined by the CEO at the time of grant of the Option) after the date he ceases to be an Employee
or Consultant (as the case may be) of the Company, exercise his Option to the extent that he was entitled to exercise it at the date of such termination. To the extent that he was not entitled to exercise the Option at the date of such termination, or if he does not exercise such Option (which he was entitled to exercise) within the time specified herein, the Option shall terminate.

	
(c)
	
Disability of Optionee. Notwithstanding the provisions of Section 9(b) above, in the event an Employee or Consultant is unable to continue his employment or consulting relationship (as the case may be) with the Company as a result of his total and permanent disability (as defined in Section 22(e) (3) of the Internal Revenue Code), he may, but only within
six (6) months (or such other period of time not less then six (6) months nor more than twelve (12) months as is determined by the Board at the time of grant of the Option) from the date of termination, exercise his Option to the extent he was entitled to exercise it at the date of such termination (or to such greater extent as the CEO may provide). To the extent that he was not entitled to exercise the Option at the date of termination, or if he does not exercise such Option (which he was entitled to exercise)
within the time specified herein, the Option shall terminate.

	
(d)
	
Death of Optionee. In the event of the death of an Optionee:  (i) during the term of the Optionee who is at the time of his death an Employee or Consultant of the Company and who shall have been in Continuous Status as an Employee or Consultant since the date of grant of the Option, the Option may be exercised, at any time within twelve (12)
months following the date of death, by the Optionee's estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that has accrued as of the date of death (or to such greater extent as the CEO may provide); or (ii) after the termination of Continuous Status as an Employee or Consultant, the Option may be exercised, at any time within six (6) months following the date of death, by the Optionee's estate or by a person who acquired
the right to exercise the Option by bequest or inheritance, but only to the extent of the right to exercise that had accrued at the date of termination (or to such greater extent as the CEO may provide).

10.              Nontransferability of Options. The Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other
than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee.

11.              Adjustments Upon Certain Changes.

	
(a)
	
Stock Split or Reclassification.  The number of Shares of Common Stock covered by each outstanding Option as well as the price per Share of Common Stock covered by each such outstanding Option, shall be proportionately adjusted for any increase or decrease in the number of shares of Common Stock resulting from a stock split, reverse stock split,
stock dividend, combination or reclassification of the Common Stock, recapitalization, reorganization, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration." Such adjustment shall be made by the CEO, whose determination in that respect shall be final, binding and conclusive.  Except
as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into Shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares of Common Stock subject to an Option. The Company shall provide to the optionee notice of any adjustment pursuant to this section 11(a) immediately.  No event described in this Section 11(a) or elsewhere in this document shall have the effect
of changing the number of options and/or common shares subject to the Plan as set forth in Section 3 herein.

	
(b)
	
Change in Control.  In the event of a Change of Control, then to the extent permitted by applicable law, with respect to half (50%) of the unvested Options (the "Primary Accelerated Amount") held by persons then performing services as Employees, Directors, or Consultants, then immediately prior to the consummation of such Change of Control such
Primary Accelerated Amount shall be fully vested and exercisable and such Options shall be terminated if not exercised prior to the consummation of the Change of Control.  With respect to the remaining portion of such unvested Options (the "Remaining Amount"), any surviving corporation or an Affiliate of such surviving corporation shall assume or continue the Remaining Amount, or substitute similar Options for the Remaining Amount.  If the surviving corporation or an Affiliate of such surviving
corporation refuses to assume or continue the Remaining Amount, or substitute similar Options for the Remaining Amount, then with respect to any person who was providing services as an Employee, Director or Consultant immediately prior to the consummation of the Change of Control, then immediately prior to the consummation of the Change of Control such Remaining Amount shall be fully vested and exercisable and such Options shall be terminated if not exercised prior to the consummation of the Change of Control.   If,
following a Change of Control, the surviving corporation or its Affiliates choose to assume or continue the Remaining Amount, or substitute similar Options for the remaining amount and any person then performing services as an Employee, Director, or Consultant is involuntarily terminated for reason other than Cause or voluntarily terminates for Good Reason within one (1) year of such Change of Control, then upon such termination any Options still outstanding shall be fully vested and exercisable and such Options
shall be terminated if not exercised within thirty (30) days of such termination (or to such greater extent as the CEO may provide).

	
  
	
.

For the purposes of this plan:  (i) "Change in Control" means: (1) a dissolution, liquidation or sale of substantially all of the assets of the Company; (2) a merger or consolidation in which the Company is not the surviving corporation (other than a merger solely for the purpose
of changing the state of incorporation); or (3) a reverse merger in which the Company is the surviving corporation but the shares of the Company's common stock outstanding immediately preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise; (ii) "Cause" means: (1) an optionee's willful dishonesty towards, fraud upon, crime against, deliberate or attempted injury or bad faith action with respect to the Company; or (2) Optionee's conviction
for any felony crime; (iii) "Good Reason" means: (1) a material reduction in compensation; (2) a relocation of the Optionee's principal worksite to a location more than sixty (60) miles from Optionee's pre-Change of Control worksite; or (3) for an executive officer, a material reduction in responsibilities or authority as in effect before the Change in Control.

12.              Time of Granting Options. The date of grant of an Option shall, for all purposes, be the date on which the CEO makes the determination granting
such Option. Notice of the determination shall be given to each Employee or Consultant to whom an Option is so granted within a reasonable time after the date of such grant.

13.              Conditions Upon Issuance of Shares. Shares shall not be issued pursuant to the exercise of an Option unless the exercise of such Option and
the issuance and delivery of such Shares pursuant thereto shall comply with all relevant provisions of law, including, without limitation, the Securities Act of 1933, as amended, the Securities and Exchange Act of 1934, as amended, the rules and regulations promulgated thereunder, state securities laws, and the requirements of any stock exchange upon which the Shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance.

As a condition to the exercise of an Option, the Company may require the person exercising such Option to render to the Company a written statement containing such representations and warranties as, in the opinion of counsel for the Company, may be required to ensure compliance with any of
the aforementioned relevant provisions of law, including a representation that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares, if, in the opinion of counsel for the Company, such representation is required.

14.              Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as shall
be sufficient to satisfy the requirements of the Plan.

15.              Option Agreement. Options shall be evidenced by written option agreements or option certificates in such form as the CEO shall approve.

16.              Stockholder Approval.  If Incentive Stock Options are to be issued under the Plan, continuance of the Plan shall be subject to approval
by the stockholders of the Company within twelve (12) months before or after the date the Plan is adopted. If such Stockholder approval is obtained at a duly held Stockholders' Meeting, it may be obtained by the affirmative vote of the holders of a majority of the Share of the Company present or represented and entitled to vote thereon.  In the case of approval by written consent, it must be obtained by the written consent of all stockholders of the Company, or by written consent of a smaller percentage
of stockholders but only if the Board determines, on the basis of advice of the Company's legal counsel, that the written consent of such a smaller percentage of stockholders will comply with all applicable laws and will not adversely affect the qualifications of the Plan under Section 422 of the Code.

Failure to obtain shareholder approval of the Plan as set forth in the preceding paragraph shall not invalidate the Plan but will rather serve to automatically amend the Plan so that no Incentive Stock Options may be issued under the Plan.

17.              Information to Optionees. The Company shall provide to each Optionee, during the period for which such Optionee has one or more Options outstanding,
copies of all annual reports and other information which are provided to all stockholders of the Company. The Company shall not be required to provide such information if the issuance of Options under the Plan is limited to key employees whose duties in connection with the Company assure their access to equivalent information.

IN WITNESS THEREOF, the Company hereto has executed this 2010 Stock Option Plan as of the 22 nd day of December, 2010.

Transfer Technology International Corp.

By:           /s/ Chris Trina

                 Chris Trina, CEO

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