Document:

Exhibit 10.2

Exhibit 10.2

AMENDED AND RESTATED

AMICUS THERAPEUTICS

2007 DIRECTOR OPTION PLAN

1. Purpose

This Plan is intended to promote the recruiting and retention of highly qualified Eligible
Directors, to strengthen the commonality of interest between directors and stockholders by
encouraging ownership of Common Stock of the Company by Eligible Directors, and to provide
additional incentives for Eligible Directors to promote the success of the Company’s business. The
Plan is not intended to be an incentive stock option plan within the meaning of Section 422 of the
Code. None of the Options granted hereunder will be “incentive stock options” within the meaning
of Section 422 of the Code.

2. Definitions

As used in the Plan the following terms shall have the respective meanings set out below,
unless the context clearly requires otherwise:

2.1. “Accelerate”, “Accelerated”, and “Acceleration”, when used with respect to an Option,
means that as of the time of reference such Option will become exercisable with respect to some or
all of the shares of Common Stock for which it was not then otherwise exercisable by its terms.

2.2. “Acquiring Person” means, with respect to any Transaction or any acquisition described in
clause (ii) of the definition of Change of Control, the surviving or acquiring person or entity in
connection with such Transaction or acquisition, as the case may be, provided that if such
surviving or acquiring person or entity is controlled, directly or indirectly, by any other person
or entity (an “Ultimate Parent Entity”) that is not itself controlled by any entity or person that
is not a natural person, the term “Acquiring Person” shall mean such Ultimate Parent Entity.

2.3. “Affiliate” means, with respect to any person or entity, any other person or entity
controlling, controlled by or under common control with the first person or entity.

2.4. “Applicable Voting Control Percentage” means twenty percent (20%).

2.5. “Beneficial Ownership” has the meaning ascribed to such term in Rule 13d-3, or any
successor rule thereto, promulgated by the Securities and Exchange Commission pursuant to the
Exchange Act.

2.6. “Board” means the Company’s board of directors.

2.7. “Change of Control” means (i) the closing of any Sale of the Company Transaction or (ii)
the direct or indirect acquisition, in a single transaction or a series of related transactions, by
any person or Group (other than the Company or a Controlled Affiliate of the Company) of Beneficial
Ownership of previously outstanding shares of capital stock of the Company if (A) immediately after
such acquisition, such person or Group, together with their respective Affiliates, shall own or
hold shares of capital stock of the Company possessing at least the Applicable Voting Control
Percentage of the total voting power of the outstanding capital stock of the Company and (B)
immediately prior to such acquisition, such person or Group, together with their respective
Affiliates, did not own or hold shares of capital stock of the Company possessing at least the
Applicable Voting Control Percentage of the total voting power of the outstanding capital stock of
the Company. Notwithstanding anything expressed or implied in the foregoing provisions of this
definition to the contrary, any direct or indirect acquisition referred to in clause (ii) above in
this
definition shall not be treated as a Change of Control if, at any time prior to or after such
direct or indirect acquisition, a majority of the members of the Board of Directors of the Company
as constituted immediately prior to such direct or indirect acquisition consent in writing to
exclude such direct or indirect acquisition from the scope of this definition.

 

 

 

2.8. “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any
successor statute thereto, and any regulations issued from time to time thereunder.

2.9. “Controlled Affiliate” means, with respect to any person or entity, any other person or
entity that is controlled by such person or entity.

2.10. “Committee” means any committee of the Board delegated responsibility by the Board for
the administration of the Plan, as provided in Section 5 of the Plan. For any period during which
no such committee is in existence, “Committee” shall mean the Board and all authority and
responsibility assigned the Committee under the Plan shall be exercised, if at all, by the Board.

2.11. “Common Stock” means common stock, par value $0.01 per share, of the Company.

2.12. “Company” means Amicus Therapeutics, Inc., a corporation organized under the laws of the
State of Delaware.

2.13. “Eligible Director” means a director of one or more of the Company and its Subsidiaries
who is not also an employee or officer of one or more of the Company and its Subsidiaries.

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

2.15. “Grant Date” means the date as of which an Option is granted, as determined under
Section 7.1.

2.16. “Group” has the meaning ascribed to such term in Section 13(d)(3) of the Exchange Act or
any successor section thereto.

2.17. “Holder” means, with respect to any Option, (a) the Optionee to whom such Option shall
have been initially granted under the Plan, or (b) any transferee of such Option to whom such
Option shall have been transferred in accordance with the provisions set forth herein.

2.18. “Market Value” means the value of a share of Common Stock on a particular date
determined by such methods or procedures as may be established by the Committee. Unless otherwise
determined by the Committee, the Market Value of Common Stock as of any date is the closing price
for the Common Stock as reported on the Nasdaq Global Market (or on any other national securities
exchange on which the Common Stock is then listed) for that date or, if no closing price is
reported for that date, the closing price on the next preceding date for which a closing price was
reported.

2.19. “Option” means an option granted under the Plan to purchase shares of Common Stock.

2.20. “Option Agreement” means an agreement between the Company and the Holder of an Option,
setting forth the terms and conditions of the Option.

2.21. “Optionee” means an Eligible Director to whom an Option shall have been granted under
the Plan.

2.22. “Plan” means this Amended and Restated 2007 Director Option Plan of the Company, as
amended and in effect from time to time.

 

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2.23. “Sale of the Company Transaction” means any Transaction in which the stockholders of the
Company immediately prior to such Transaction, together with any and all of such stockholders’
Affiliates, do not own or hold, immediately after consummation of such Transaction, shares of
capital stock of the Acquiring Person in connection with such Transaction possessing at least a
majority of the total voting power of the outstanding capital stock of such Acquiring Person.

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

2.25. “Transaction” means any merger or consolidation of the Company with or into another
person or entity or the sale or transfer of all or substantially all of the assets of the Company,
in each case in a single transaction or in a series of related transactions.

3. Term of the Plan

Unless the Plan shall have been earlier terminated by the Board, Options may be granted under
this Plan at any time in the period commencing upon the effectiveness of the Plan in accordance
with the provisions of Section 17 hereof and ending immediately prior to the tenth anniversary of
the most recent date on which the Plan is approved (or reapproved) by the Company’s stockholders.
Options granted pursuant to the Plan within such period shall not expire solely by reason of the
termination of the Plan.

4. Stock Subject to the Plan

Subject to the provisions of Section 8 of the Plan, at no time shall the number of shares of
Common Stock issued pursuant to or subject to outstanding Options granted under the Plan exceed the
sum of (a) Two Hundred Sixty Thousand Seven Hundred Ninety-Eight (260,798) shares of Common Stock
plus (b) an annual increase to be added, automatically and without further action, on January 1 of
each calendar year equal to 100,000 shares of Common Stock; provided, however, that
the Board may, at any time and on any one or more occasions, take action to waive the annual
increase set forth in clause (b), in whole or in part. For purposes of applying the foregoing
limitation, (a) if any Option expires, terminates, or is cancelled for any reason without having
been exercised in full, the shares not purchased by the Optionee (or the Holder of such Option)
shall again be available for Options thereafter to be granted under the Plan, and (b) if any Option
is exercised by delivering previously owned shares in payment of the exercise price therefor, only
the net number of shares, that is, the number of shares issued minus the number received by the
Company in payment of the exercise price, shall be considered to have been issued pursuant to an
Option granted under the Plan. Shares of Common Stock issued pursuant to the Plan may be either
authorized but unissued shares or shares held by the Company in its treasury.

5. Administration

The Plan shall be administered by the Committee; provided, however, that at any time and on
any one or more occasions the Board may itself exercise any of the powers and responsibilities
assigned the Committee under the Plan and when so acting shall have the benefit of all of the
provisions of the Plan pertaining to the Committee’s exercise of its authorities hereunder.
Subject to the provisions of the Plan, the Committee shall have complete authority to interpret the
Plan, to prescribe, amend and rescind rules and regulations relating to it, to determine the terms
and provisions of the respective Option Agreements (which need not be identical), and to make all
other determinations necessary or advisable for the administration of the Plan. The Committee’s
determinations made in good faith on matters referred to in this Plan shall be final, binding and
conclusive on all persons having or claiming any interest under the Plan or an Option made pursuant
hereto.

 

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6. Authorization and Eligibility

Only Eligible Directors shall be granted Options under the Plan. Each grant of an Option
shall be subject to all applicable terms and conditions of the Plan (including but not limited to
any specific terms and conditions set forth in Section 7 below), and such other terms and
conditions, not inconsistent with the terms of the Plan, as the Committee may prescribe. No
prospective holder of an Option shall have any rights with respect to such Option, unless and until
such holder has executed an agreement evidencing the Option, delivered a fully executed copy
thereof to the Company, and otherwise complied with the applicable terms and conditions of such
Option.

7. Specific Terms of Options

7.1. Annual Grants. Subject to the Plan’s effectiveness as set forth in Section 17 and to the
provisions set forth below in this Section 7.1, on the date of each annual meeting of stockholders
of the Company, commencing with the 2010 annual meeting of stockholders, each Eligible Director who
continues to be a director of the Company as of the close of business on the date of such annual
meeting of stockholders shall be granted an Option as of the close of business on such date, to
purchase Ten Thousand (10,000) shares of Common Stock (subject to adjustment as set forth in
Section 8) or such other greater or smaller number of shares of Common Stock as the Board shall
have set by resolution of the Board prior to the date of such annual meeting of stockholders
(unless such resolution shall provide that such Eligible Director shall not receive an Option under
this Section 7.1 at such annual meeting of stockholders, in which case such Eligible Director shall
not be granted any Option under this Section 7.1 as of the close of business on the date of such
annual meeting). Subject to the provisions of this Section 7.1 or Section 9 hereof, grants of
Options under this Section 7.1 shall occur automatically without any action being required of the
Optionee, the Committee, the Board, the Company or any other person, entity or body.

7.2. Other Grants. The Committee may grant from time to time, and at any time prior to the
termination of the Plan, Options to Eligible Directors for any reason that promotes the purpose of
the Plan, including but not limited to, in connection with an Eligible Director’s initial election
to the Board.

7.3 Certain Terms of Option; Exercise Price. Each Option granted to an Optionee under this
Section 7 shall have an exercise price equal to 100% of the Market Value of the Stock on the
applicable Grant Date. No Option granted pursuant to this Plan is intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code. The grants shall be
evidenced by Option Agreements containing provisions that are in all respects consistent with this
Section 7.

7.4 Option Period. The option period for each Option granted pursuant to the Plan shall be
ten (10) years from the Grant Date of such Option.

7.5 Exercisability. Subject to Section 7.6 below, each Option granted to an Eligible Director
pursuant to Section 7.1 above shall automatically become exercisable for 100% of the shares of
Common Stock subject to such Option on the date of the annual meeting of stockholders of the
Company in the calendar year following the calendar year during which such Option was automatically
granted. Subject to
Section 7.6 below, each Option granted to an Eligible Director pursuant
to Section 7.2 above shall become exercisable immediately or in installments, as the Committee may
determine. In the case of an Option not otherwise immediately exercisable in full, the Committee
may Accelerate such Option in whole or in part at any time.

7.6 Effect of Termination of Board Member Relationship. Unless the Committee at any time
shall provide otherwise with respect to any Option, if an Optionee ceases to be a director of the
Company and its Affiliates for any reason or no reason (whether voluntarily or involuntarily,
including as a result of death), any outstanding Option initially granted to such Optionee, whether
then held by such Optionee or any other Holder, shall cease to be exercisable in any respect not
later than ninety (90) days following that
event and, for the period it remains exercisable following that event, shall be exercisable
only to the extent exercisable at the date of that event.

 

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7.7 Transferability. Except as otherwise provided in this Section 7.7, Options shall not be
transferable, and no Option or interest therein may be sold, transferred, pledged, assigned, or
otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution
(subject always to the provisions of Section 7.6 hereof). Except as otherwise provided in this
Section 7.7, all of a Holder’s rights in any Option may be exercised only during the life of such
Holder and only by such Holder or such Holder’s legal representative. However, the applicable
Option Agreement or the Committee (at or after the grant of an Option) may provide that an Option
may be transferred by the applicable Holder to a family member; provided, however, that any such
transfer is without payment of any consideration whatsoever and that no transfer of an Option shall
be valid unless first approved by the Committee, acting in its sole discretion, unless such
transfer is permitted under the applicable Option Agreement. For this purpose, “family member”
means any child, stepchild, grandchild, parent, stepparent, spouse, former spouse, sibling, niece,
nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, any person sharing the applicable Holder’s
household (other than a tenant or employee), a trust in which the foregoing persons and/or the
applicable Holder have more than fifty percent (50%) of the beneficial interests, a foundation in
which the foregoing persons and/or the applicable Holder control the management of assets, and any
other entity in which these persons and/or the applicable Holder own more than fifty percent (50%)
of the voting interests. The Committee may at any time or from time to time delegate to one or
more officers of the Company the authority to permit transfers of Options to third parties pursuant
to this Section 7.7, which authorization shall be exercised by such officer or officers in
accordance with guidelines established by the Committee at any time and from time to time. The
restrictions on transferability set forth in this Section 7.7, shall in no way preclude any Holder
from effecting “cashless” exercises of an Option pursuant to the terms of the Plan.

7.8 Method of Exercise. An Option may be exercised by the Holder of such Option by giving
written notice, in the manner provided in Section 15, specifying the number of shares of Common
Stock with respect to which the Option is then being exercised. The notice shall be accompanied by
payment in the form of cash or check payable to the order of the Company in an amount equal to the
exercise price of the shares of Common Stock to be purchased or, subject in each instance to the
Committee’s approval, acting in its sole discretion and subject to such conditions, if any, as the
Committee may deem necessary to comply with applicable laws, rules and regulations and to avoid
adverse accounting effects to the Company, by delivery to the Company of shares of Common Stock
having a Market Value equal to the exercise price of the shares to be purchased. No Holder shall
be permitted to effect payment of any amount of the exercise price of the shares of Common Stock to
be purchased by executing and delivering to the Company a promissory note. If the Common Stock is
traded on an established market, payment of any exercise price may also be made through and under
the terms and conditions of any formal cashless exercise program authorized by the Company
entailing the sale of the Common Stock subject to any Option in a brokered transaction (other than
to the Company). Receipt by the Company of such notice and payment in any authorized or
combination of authorized means shall constitute the exercise of the Option. Within thirty (30)
days thereafter but subject to the remaining provisions of the Plan, the Company shall deliver or
cause to be delivered to the Holder or his agent a certificate or certificates for the number of
shares then being purchased. Such shares shall be fully paid and nonassessable. Notwithstanding
any of the foregoing provisions in this subsection 7.8 to the contrary, (A) no Option shall be
considered to have been exercised unless and until all of the provisions governing such exercise
specified in the Plan and in the relevant Option Agreement shall have been duly complied with; and
(B) the obligation of the Company to issue any shares upon exercise of an Option is subject to the
provisions of Section 9.1 hereof and to compliance by the Holder with all of the provisions of the
Plan and the relevant Option Agreement.

7.9 Rights Pending Exercise. No person holding an Option shall be deemed for any purpose to be
a stockholder of the Company with respect to any of the shares of Common Stock issuable pursuant to
his Option, except to the extent that the Option shall have been exercised with respect
thereto and, in addition, a certificate shall have been issued therefor and delivered to such
holder or his agent.

 

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7.10 Grants to Optionees Outside the United States. The Committee may modify the terms of any
Option under the Plan granted to an Optionee who is, at the time of grant or during the term of the
Option, resident or primarily employed outside of the United States in any manner deemed by the
Committee to be necessary or appropriate in order that such Option shall conform to laws,
regulations, and customs of the country in which such Optionee is then resident or primarily
employed, or so that the value and other benefits of the Option to such Optionee, as affected by
foreign tax laws and other restrictions applicable as a result of such Optionee’s residence or
employment abroad, shall be comparable to the value of such Option to an Optionee who is resident
or primarily employed in the United States. An Option may be modified under this Section 7.10 in a
manner that is inconsistent with the express terms of the Plan, so long as such modifications will
not contravene any applicable law or regulation. The Committee may establish supplements to, or
amendments, restatements, or alternative versions of the Plan for the purpose of granting and
administrating any such modified Option. No such modification, supplement, amendment, restatement
or alternative version may increase the share limit of Section 4.

8. Adjustment Provisions

8.1. Adjustment for Corporate Actions. All of the share numbers set forth in the Plan reflect
the capital structure of the Company immediately after the closing of the initial public offering
of the Company’s Common Stock. Subject to the provisions of Section 8.2, if subsequent to such
closing the outstanding shares of Common Stock (or any other securities covered by the Plan by
reason of the prior application of this Section) are increased, decreased, or exchanged for a
different number or kind of shares or other securities, or if additional shares or new or different
shares or other securities are distributed with respect to such shares of Common Stock or other
securities, through merger, consolidation, sale of all or substantially all the property of the
Company, reorganization, recapitalization, reclassification, stock dividend, stock split, reverse
stock split, or other distribution with respect to such shares of Common Stock, or other
securities, an appropriate and proportionate adjustment will be made in (i) the maximum numbers and
kinds of shares provided in Section 4, (ii) the numbers and kinds of shares or other securities
subject to the then outstanding Options, and (iii) the exercise price for each share or other unit
of any other securities subject to then outstanding Options (without change in the aggregate
purchase price as to which such Options remain exercisable).

8.2. Change of Control. Subject to the applicable provisions of the Option Agreement, in the
event of a Change of Control, the Committee shall have the discretion, exercisable in advance of,
at the time of, or (except to the extent otherwise provided below) at any time after, the Change of
Control, to provide for any or all of the following (subject to and upon such terms as the
Committee may deem appropriate): (A) the assumption of outstanding Options, or the substitution of
outstanding Options with equivalent options, by the acquiring or succeeding corporation or entity
(or an affiliate thereof); or (B) the termination of all Options (other than Options that are
assumed or substituted pursuant to clause (A) above) that remain outstanding at the time of the
consummation of the Change of Control, provided that, the Committee shall have made the
determination to effect such termination prior to the consummation of the Change of Control and the
Committee shall have given, or caused to be given, to all Optionees written notice of such
potential termination at least five business days prior to the consummation of the Change of
Control, and provided, further, that, if the Committee shall have determined in its sole and
absolute discretion that the Company make payment or provide consideration to the holders of such
terminated Options on account of such termination, which payment or consideration shall be on such
terms and conditions as the Committee shall have determined (and which could consist of, in the
Committee’s sole and absolute discretion, payment to the applicable Optionee or Optionees of an
amount of cash equal to the difference between the Market Value of the shares of Common Stock for
which the Option is then exercisable and the aggregate exercise price for such shares under the
Option), then the Company shall be required to make, or cause to be

 

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 made,
 such payment or provide,
or cause to be provided, such

consideration in accordance with the terms and conditions so determined by the Committee;
otherwise the Company shall not be required to make any payment or provide any consideration in
connection with, or as a result of, the termination of Options pursuant to the foregoing provisions
of this clause (B). Upon the occurrence of a Change of Control, any and all Options not already
exercisable in full shall Accelerate with respect to all of the shares of Common Stock for which
such Options are not then exercisable. In the case of any Option that would be terminated pursuant
to clause (B) above of this Section 8.2 upon consummation of a Change of Control, such Option, to
the extent not already exercisable in full on the date the Holder thereof is given written notice
of such potential termination as required by the foregoing provisions of this Section 8.2, shall,
on the date such written notice of termination is given or required to be given, Accelerate with
respect to all of the shares of Common Stock for which such Option is not then exercisable;
provided, however, that if such Change of Control is not and will not be
consummated then the Acceleration of such Option pursuant to the provisions of this sentence, but
only if and to the extent that such Option remains outstanding at the time written notice is given
to the Holder thereof that such Change of Control has not and will not be consummated, shall be
automatically revoked and such Option shall thereafter continue to be exercisable in accordance
with its terms as if the Acceleration thereof pursuant to this sentence had never occurred. The
provisions of this Section 8.2 shall not be construed as to limit or restrict in any way the
Committee’s general authority under Section 7.5 hereof to Accelerate Options in whole or in part at
any time. Each outstanding Option that is assumed in connection with a Change of Control, or is
otherwise to continue in effect subsequent to a Change of Control, will be appropriately adjusted,
immediately after the Change of Control, as to the number and class of securities and the price at
which it may be exercised in accordance with Section 8.1.

8.3. Dissolution or Liquidation. Upon dissolution or liquidation of the Company, each
outstanding Option shall terminate, but the Optionee (if at the time he or she is a board member of
the Company or any of its Affiliates) shall have the right, immediately prior to such dissolution
or liquidation, to exercise the Option to the extent exercisable on the date of such dissolution or
liquidation.

8.4. Related Matters. Any adjustment in Options made pursuant to this Section 8 shall be
determined and made, if at all, by the Committee and shall include any correlative modification of
terms, including exercise prices, rates of vesting or exercisability which the Committee may deem
necessary or appropriate so as to ensure that the rights of the Holders in their respective Options
are not substantially diminished nor enlarged as a result of the adjustment and corporate action
other than as expressly contemplated in this Section 8. No fraction of a share shall be
purchasable or deliverable upon exercise, but in the event any adjustment hereunder of the number
of shares covered by an Option shall cause such number to include a fraction of a share, such
number of shares shall be adjusted to the nearest smaller whole number of shares. No adjustment of
an Option exercise price per share pursuant to this Section 8 shall result in an exercise price
which is less than the par value of the Common Stock.

9. Settlement of Options

9.1. Violation of Law. Notwithstanding any other provision of the Plan or the relevant Option
Agreement, if, at any time, in the reasonable opinion of the Company, the issuance of shares of
Common Stock covered by an Option may constitute a violation of law, then the Company may delay
such issuance and the delivery of a certificate for such shares until (i) approval shall have been
obtained from such governmental agencies, other than the Securities and Exchange Commission, as may
be required under any applicable law, rule, or regulation and (ii) in the case where such issuance
would constitute a violation of a law administered by or a regulation of the Securities and
Exchange Commission, one of the following conditions shall have been satisfied:

(a) the shares are at the time of the issue of such shares effectively registered under the
Securities Act; or

 

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(b) the Company shall have determined, on such basis as it deems appropriate (including an
opinion of counsel in form and substance satisfactory to the Company) that the sale, transfer,
assignment, pledge, encumbrance or other disposition of such shares or such beneficial interest, as
the case may be, does not require registration under the Securities Act or any applicable state
securities laws.

9.2. Corporate Restrictions on Rights in Stock. Any Common Stock to be issued pursuant to
Options granted under the Plan shall be subject to all restrictions upon the transfer thereof which
may be now or hereafter imposed by the Certificate of Incorporation and the By-laws of the Company,
each as amended and in effect from time to time. Whenever Common Stock is to be issued pursuant to
an Option, if the Committee so directs at the time of grant (or, if such Option is an Option, at
any time prior to the exercise thereof), the Company shall be under no obligation, notwithstanding
any other provision of the Plan or the relevant Option Agreement to the contrary, to issue such
shares until such time, if ever, as the recipient of the Option (and any person who exercises any
Option, in whole or in part), shall have become a party to and bound by any agreement that the
Committee shall require in its sole discretion. In addition, any Common Stock to be issued
pursuant to Options granted under the Plan shall be subject to all stop-transfer orders and other
restrictions as the Committee may deem advisable under the rules, regulations and other
requirements of any stock exchange upon which the Common Stock is then listed, and any applicable
federal or state securities laws, and the Committee may cause a legend or legends to be put on any
such certificates to make appropriate reference to such restrictions.

9.3. Investment Representations. The Company shall be under no obligation to issue any shares
covered by an Option unless the shares to be issued pursuant to Options granted under the Plan have
been effectively registered under the Securities Act or the Holder shall have made such written
representations to the Company (upon which the Company believes it may reasonably rely) as the
Company may deem necessary or appropriate for purposes of confirming that the issuance of such
shares will be exempt from the registration requirements of that Act and any applicable state
securities laws and otherwise in compliance with all applicable laws, rules and regulations,
including but not limited to that the Holder is acquiring shares for his or her own account for the
purpose of investment and not with a view to, or for sale in connection with, the distribution of
any such shares.

9.4. Registration. If the Company shall deem it necessary or desirable to register under the
Securities Act or other applicable statutes any shares of Common Stock issued or to be issued
pursuant to Options granted under the Plan, or to qualify any such shares of Common Stock for
exemption from the Securities Act or other applicable statutes, then the Company shall take such
action at its own expense. The Company may require from each recipient of an Option, or each
holder of shares of Common Stock acquired pursuant to the Plan, such information in writing for use
in any registration statement, prospectus, preliminary prospectus or offering circular as is
reasonably necessary for such purpose and may require reasonable indemnity to the Company and its
officers and directors from such holder against all losses, claims, damage and liabilities arising
from such use of the information so furnished and caused by any untrue statement of any material
fact therein or caused by the omission to state a material fact required to be stated therein or
necessary to make the statements therein not misleading in the light of the circumstances under
which they were made.

9.5. Lock-Up. Without the prior written consent of the Company or the managing underwriter in
any public offering of shares of Common Stock, no Holder shall sell, make any short sale of, loan,
grant any option for the purchase of, pledge or otherwise encumber, or otherwise dispose of, any
shares of Common Stock during the one hundred-eighty (180) day period commencing on the effective
date of the registration statement relating to any underwritten public offering of securities of
the Company. The foregoing restrictions are intended and shall be construed so as to preclude any
Holder from engaging in any hedging or other transaction that is designed to or reasonably could be
expected to lead to or result in, a sale or disposition of any shares of Common Stock during such
period even if such shares of Common Stock are or would be disposed of by someone other than such
Holder. Such prohibited hedging or other transactions would include, without limitation, any short
sale (whether

 

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or not against the box) or any
purchase, sale or grant of any right (including without limitation any put or call option)
with respect to any shares of Common Stock or with respect to any security that includes, relates
to, or derives any significant part of its value from any shares of Common Stock. Without limiting
the generality and applicability of the foregoing provisions of this Section 9.5, if, in connection
with any underwritten public offering of securities of the Company, the managing underwriter of
such offering requires that the Company’s directors and officers enter into a lock-up agreement,
then (a) each Holder (regardless of whether or not such Holder has complied or complies with the
provisions of clause (b) below) shall be bound by, and shall be deemed to have agreed to, the same
lock-up terms as those to which the Company’s directors and officers are required to adhere; and
(b) at the request of the Company or such managing underwriter, each Holders shall execute and
deliver a lock-up agreement in form and substance equivalent to that which is required to be
executed by the Company’s directors and officers.

9.6. Placement of Legends; Stop Orders; Etc. Each share of Common Stock to be issued
pursuant to Options granted under the Plan may bear a reference to the investment representations
made in accordance with Section 9.3 in addition to any other applicable restrictions under the
Plan, the terms of the Option and, if applicable, under any agreement between the Company and the
Optionee and/or Holder, and to the fact that no registration statement has been filed with the
Securities and Exchange Commission in respect to such shares of Common Stock. All certificates for
shares of Common Stock or other securities delivered under the Plan shall be subject to such stock
transfer orders and other restrictions as the Committee may deem advisable under the rules,
regulations, and other requirements of any stock exchange upon which the Common Stock is then
listed, and any applicable federal or state securities law, and the Committee may cause a legend or
legends to be placed on any such certificates to make appropriate reference to such restrictions.

9.7. Tax Withholding. Whenever shares of Common Stock are issued or to be issued pursuant to
Options granted under the Plan, the Company shall have the right to require the recipient to remit
to the Company an amount sufficient to satisfy federal, state, local or other withholding tax
requirements if, when, and to the extent required by law (whether so required to secure for the
Company an otherwise available tax deduction or otherwise) prior to the delivery of any certificate
or certificates for such shares. The obligations of the Company under the Plan shall be
conditional on satisfaction of all such withholding obligations and the Company shall, to the
extent permitted by law, have the right to deduct any such taxes from any payment of any kind
otherwise due to the recipient of an Option. However, in such cases Holders may elect, subject to
the approval of the Committee, acting in its sole discretion, to satisfy an applicable withholding
requirement, in whole or in part, by having the Company withhold shares to satisfy their tax
obligations. Holders may only elect to have shares of Common Stock withheld having a Market Value
on the date the tax is to be determined equal to the minimum statutory total tax which could be
imposed on the transaction. All elections shall be irrevocable, made in writing, signed by the
Holder, and shall be subject to any restrictions or limitations that the Committee deems
appropriate.

10. Reservation of Stock

The Company shall at all times during the term of the Plan and any outstanding Options granted
hereunder reserve or otherwise keep available such number of shares of Common Stock as will be
sufficient to satisfy the requirements of the Plan (if then in effect) and such Options and shall
pay all fees and expenses necessarily incurred by the Company in connection therewith.

11. No Special Service Rights

Nothing contained in the Plan or in any Option Agreement shall confer upon any recipient of an
Option any right with respect to any consulting or Board member relationship or other association
with the Company (or any Affiliate), or interfere in any way with the right of the Company (or any
Affiliate), subject to the terms of any separate agreement or provision of law or corporate
articles or by-laws to the contrary, at any time to terminate Board member or to increase or
decrease, or otherwise adjust, the other
terms and conditions of the recipient’s Board member relationship or other association with
the Company and its Affiliates.

 

- 9 -

 

12. Nonexclusivity of the Plan

Neither the adoption of the Plan by the Board nor the submission of the Plan to the
stockholders of the Company shall be construed as creating any limitations on the power of the
Board to adopt such other incentive arrangements as it may deem desirable, including without
limitation, the granting of stock options and restricted stock other than under the Plan, and such
arrangements may be either applicable generally or only in specific cases.

13. Termination and Amendment of the Plan

The Board may at any time terminate the Plan or make such amendments or modifications of the
Plan as it shall deem advisable. In the event of the termination of the Plan, the terms of the
Plan shall survive any such termination with respect to any Option that is outstanding on the date
of such termination, unless the holder of such Option agrees in writing to terminate such Option or
to terminate all or any of the provisions of the Plan that apply to such Option. Unless the Board
otherwise expressly provides, any amendment or modification of the Plan shall affect the terms of
any Option outstanding on the date of such amendment or modification as well as the terms of any
Option made prior to, or from and after, the date of such amendment or modification; provided,
however, that, except to the extent otherwise provided in the last sentence of this paragraph, (i)
no amendment or modification of the Plan shall apply to any Option that is outstanding on the date
of such amendment or modification if such amendment or modification would reduce the number of
shares subject to such Option, increase the purchase price applicable to shares subject to such
Option or materially adversely affect the provisions applicable to such Option that relate to the
vesting or exercisability of such Option or of the shares subject to such Option, and (ii) no
amendment or modification of the Plan shall apply to any Option that is outstanding on the date of
such amendment or modification unless such amendment or modification of the Plan shall also apply
to all other Options outstanding on the date of such amendment or modification. In the event of
any amendment or modification of the Plan that is described in clause (i) or (ii) of the foregoing
proviso, such amendment or modification of the Plan shall apply to any Option outstanding on the
date of such amendment or modification only if the recipient of such Option consents in writing
thereto.

The Committee may amend or modify, prospectively or retroactively, the terms of any
outstanding Option without amending or modifying the terms of the Plan itself, provided that as
amended or modified such Option is consistent with the terms of the Plan as in effect at the time
of the amendment or modification of such Option, but no such amendment or modification of such
Option shall, without the written consent of the recipient of such Option, reduce the number of
shares subject to such Option, increase the purchase price applicable to shares subject to such
Option, adversely affect the provisions applicable to such Option that relate to the vesting or
exercisability of such Option or of the shares subject to such Option, or otherwise materially
adversely affect the terms of such Option (except for amendments or modifications to the terms of
such Option or of the stock subject to such Option that are expressly permitted by the terms of the
Plan or that result from any amendment or modification of the Plan in accordance with the
provisions of the first paragraph of this Section 13).

In addition, notwithstanding anything express or implied in any of the foregoing provisions of
this Section 13 to the contrary, the Committee may amend or modify, prospectively or retroactively,
the terms of any outstanding Option to the extent the Committee reasonably determines necessary or
appropriate to conform such Option to the requirements of Section 409A of the Code (concerning
non-qualified deferred compensation), if applicable.

 

- 10 -

 

Without the approval of the Company’s stockholders, the Committee will not, directly or
indirectly, reduce the exercise price of an outstanding Option (other than in accordance with the
adjustment provisions of Section 8.1).

14. Interpretation of the Plan

In the event of any conflict between the provisions of this Plan and the provisions of any
applicable Option Agreement, the provisions of this Plan shall control, except if and to the extent
that the conflicting provision in such Option Agreement was authorized and approved by the
Committee at the time of the grant of the Option evidenced by such Option Agreement or is ratified
by the Committee at any time subsequent to the grant of such Option, in which case the conflicting
provision in such Option Agreement shall control. Without limiting the generality of the foregoing
provisions of this Section 14, insofar as possible the provisions of the Plan and such Option
Agreement shall be construed so as to give full force and effect to all such provisions. In the
event of any conflict between the provisions of this Plan and the provisions of any other agreement
between the Company and the Holder, the provisions of such agreement shall control, but insofar as
possible the provisions of the Plan and any such agreement shall be construed so as to give full
force and effect to all such provisions.

15. Notices and Other Communications

Any notice, demand, request or other communication hereunder to any party shall be deemed to
be sufficient if contained in a written instrument delivered in person or duly sent by first class
registered, certified or overnight mail, postage prepaid, or telecopied with a confirmation copy by
regular, certified or overnight mail, addressed or telecopied, as the case may be, (i) if to the
recipient of an Option, at his or her residence address last filed with the Company and (ii) if to
the Company, at its principal place of business, addressed to the attention of its Chief Executive
Officer, or to such other address or telecopier number, as the case may be, as the addressee may
have designated by notice to the addressor. All such notices, requests, demands and other
communications shall be deemed to have been received: (i) in the case of personal delivery, on the
date of such delivery; (ii) in the case of mailing, when received by the addressee; and (iii) in
the case of facsimile transmission, when confirmed by facsimile machine report.

16. Governing Law

The Plan and all Option Agreements and actions taken thereunder shall be governed, interpreted
and enforced in accordance with the laws of the State of New Jersey, without regard to the conflict
of laws principles thereof.

17. Effectiveness of Plan

This Amended and Restated 2007 Director Option Plan was approved in May 2007 by the
stockholders of the Company and was amended and restated and reapproved by stockholders effective
as of June 15, 2010.

 

- 11 -exv10w18

EXHIBIT 10.18

LEASE MODIFICATION AND EXTENSION AGREEMENT

     This Agreement is dated as of May 12th, 2010 between FIFTH AVENUE PARTNERS, L.P.,
having an office at 13 East 16th Street, Suite #400, New York, New York 10003 (“Owner”
or “Landlord”) and INTERACTIVE THERAPY GROUP CONSULTANTS, INC., a corporation having an address at
19 West 21st Street, New York, NY 10010 (“Tenant”).

Recitals

     A. Landlord is the current owner of the premises having an address at 19 West 21st
Street, New York, NY 10010 (“Building”).

     B. Tenant occupies Suite #701 of the Building pursuant to a Lease dated May 23, 2005 between
FIFTH AVENUE PARTNERS, L.P., as Landlord, and INTERACTIVE THERAPY GROUP, INC. (which should have
been referred to as INTERACTIVE THERAPY GROUP CONSULTANTS, INC.), as Tenant.

     C. The Lease for Suite #701 provides that it shall terminate on July 31st, 2010
unless otherwise renewed or extended.

     D. Landlord and Tenant wish to modify and extend the Lease for an additional term of three (3)
years (the “Modification and Extension Period”). Upon payment of Ten ($10.00) Dollars by Tenant to
Landlord, the receipt and sufficiency of which is acknowledged, Landlord and Tenant agree that:

          1. The terms of the Lease shall expire on July 31st, 2013 unless sooner terminated
pursuant to the provisions of the Lease.

          2. Annual Fixed Rent for Suite #701 for the Modification and Extension Period from August
1st, 2010 through July 31st, 2013 shall be payable as follows:

August 1st, 2010 until July 31st, 2011 — $66,287.20

August 1st, 2011 until July 31st, 2012 — $68,275.81

August 1st, 2012 until July 31st, 2013 — $70,324.08

               Provided Tenant is then in possession of the Premises and is not in default under the terms
and provisions of the Lease, and further provided Tenant notifies Owner of its intention to
exercise its option in writing via certified mail, return receipt requested, at least six months
prior to the expiration of the Lease term then in effect, time being of the essence, Tenant shall
have one option to extend the Lease for a period of two (2) years. There shall be no further
options. Annual Fixed Rent for Suite #701 for the Option Period from August 1st, 2013
until July 31st, 2015 shall be payable as follows:

August 1st, 2011 until July 31st, 2012 — $72,433.80

August 1st, 2012 until July 31st, 2013 — $74,606.81

               All Rent shall be paid on the first day of each month in advance in equal monthly
installments.

          3. Article 69.II.(i) (“SUBLEASING AND ASSIGNMENT”) shall be amended for the Modification and
Extension Period to read as follows: “In the event of such subletting or assignment, Tenant shall
pay to Owner One Thousand Dollars ($1,000.00) as a fee for same, as well as all reasonable
attorneys costs.”

          4. Article 71.1.3 (“REAL ESTATE TAX ESCALATION”) shall be amended for the Modification and
Extension Period to provide that the term “Owner’s Basic Tax Liability” shall mean the Taxes

 

 

attributable to the Land and the Building for the New York City fiscal year 2010/2011, and “Owner’s
Base Year” shall mean the New York City fiscal year 2010/2011, commencing on July 1st,
2010.

          5. The following shall be included as Article 78 (“USA PATRIOT ACT”) of the Lease: “Tenant
represents, warrants and covenants that neither Tenant nor any of its partners, officers,
directors, members or shareholders (i) is listed on the Specially Designated Nationals and Blocked
Persons List maintained by the Office of Foreign Asset Control, Department of the Treasury (“OFAC”)
pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (“Order”) and all
applicable provisions of Title III of the USA Patriot Act (Public Law No. 107-56 (October 26,
2001)); (ii) is listed on the Denied Persons List and Entity List maintained by the United States
Department of Commerce; (iii) is listed on the List of Terrorists and List of Disbarred Parties
maintained by the United States Department of State; (iv) is listed on any list or qualification of
“Designated Nationals” as defined in the Cuban Assets Control Regulations 31 C.F.R. Part 515; (v)
is listed on any other publicly available list of terrorists, terrorist organizations or narcotics
traffickers maintained by the United States Department of State, the United States Department of
Commerce or any other governmental authority or pursuant to the Order, the rules and regulations of
OFAC (including without limitation the Trading With the Enemy Act, 50 U.S.C. App. 1-44, the
International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06; the unrepealed provision of the
Iraq Sanctions Act, Publ. L. No. 101-513; the United States Participation Act, 22 U.S.C. § 2349
as-9; The Cuban Democracy Act 22 U.S.C. §§ 6001-10; The Cuban Liberty and Democratic Solidarity
Act, 18 U.S.C. §§ 2332d and 233; and The Foreign Narcotic Kingpin Designation Act, Publ. L. No
106-120 and 107-108, all as may be amended from time to time); or any other applicable requirements
contained in any enabling legislation or other Executive Orders in respect of the Order (the Order
and such other rules, regulations, legislation or orders are collectively called the “Orders”);
(vi) is engaged in activities prohibited in the Orders; (vii) has been convicted, pleaded nolo
contendere, indicted, arraigned or custodially detained on charges involving money laundering, drug
trafficking, terrorist-related activities or other money laundering predicate crimes or in
connection with the Bank Secrecy Act (31 U.S.C. §§ 5311 et. seq.).”

          6. The following shall be included as Article 79 (“TENANT’S TELECOMMUNICATIONS
RESPONSIBILITIES”) of the Lease: “Tenant acknowledges and agrees that all telephone and other
communications services desired by Tenant shall be ordered, installed and utilized at the sole
expense of Tenant. Unless Landlord otherwise requests or consents in writing, all of Tenant’s
communication and related equipment, including but not limited to, computers, electronic equipment
and devices, switches, routers, modems, cables, conduits, wiring satellite dishes and antennas
(“Communication Equipment”) shall be and remain solely within the Tenant’s premises and, if
permitted by Landlord in writing, the telephone closet(s) on the floor(s) on which the Tenant’s
premises is located, in accordance with rules and regulations adopted by Landlord from time to
time. Any installation of Communications Equipment by, or on behalf of Tenant shall be strictly in
accordance with all applicable governmental laws, codes, rules and regulations (Governmental
Codes”) and Tenant shall maintain same in a safe manner and condition and shall comply with the
requirements of all present and future Governmental Codes and regulations of the Board of Fire
Underwriters or similar agency for the prevention of fires. Unless otherwise specifically agreed
to in writing, Landlord shall have no responsibility for the maintenance of Tenant’s Communication
Equipment, or any other infrastructure to which Tenant’s Communications Equipment may be connected.
Tenant agrees that, to the extent any such service is interrupted, curtailed or discontinued,
notwithstanding that such may result from the fault or negligence of Landlord, that Landlord shall
have no obligation or liability with respect thereto. It shall be the sole obligation of Tenant,
at its expense, to obtain substitute service(s) and notwithstanding anything to the contrary
contained herein, Tenant agrees to indemnify and hold Landlord harmless from any claim, liability,
loss, damage cost or expense, including attorney fees arising from, or connected therewith. Tenant
shall obtain insurance insuring it against any loss, damage, cost or expense it suffers arising
from any cessation, interruption, discontinuance or termination of any communication or related
service.

          Necessary Service Interruptions

          Landlord shall have the right, without incurring any liability to Tenant, upon reasonable
prior notice to Tenant, to interrupt or turn off telecommunications facilities in the event of
emergency or as necessary in connection with repairs to the Building or installation of
telecommunications equipment for other Tenants of the Building.

2

 

Removal of Equipment, Wiring and Other Facilities

          Any and all Communications Equipment installed in the Tenant’s premises or elsewhere in the
Building by, or on behalf of Tenant, shall be removed prior to the expiration or earlier
termination of the Lease term, by Tenant at its sole cost and expense. Notwithstanding the
aforesaid Landlord shall have the right, upon written notice to Tenant given no later than thirty
(30) days prior to the expiration of the Lease term, (or five (5) days prior to earlier expiration)
to require Tenant to abandon and leave in place, without additional payment to Tenant or credit
against rent, and all communications wiring and related infrastructure, or any selected components
thereof, whether located in the Tenant’s premises or elsewhere in the Building.

          New Provider Installations

          Unless all of the following conditions are satisfied to Landlord’s satisfaction, it shall be
reasonable to Landlord to refuse to give its approval:

	 	(i)	 	Landlord shall incur no expense;
	 
	 	(ii)	 	Provider shall supply Landlord with such written indemnities,
insurance, financial statements, and such other items as Landlord reasonably
determines to be necessary;
	 
	 	(iii)	 	Provider agrees to abide by such rules and regulations,
building and other codes, job site rules and such other requirements as are
reasonably determined by Landlord;
	 
	 	(iv)	 	Landlord reasonably determines that there is sufficient space;
	 
	 	(v)	 	Provider agrees to abide by Landlord’s requirements regarding
use of existing Building conduits and pipes or use of Building contractors;
	 
	 	(vi)	 	Landlord receives from the provider such compensation as is
reasonably determined by Landlord to compensate it for space used in the
Building for the storage and maintenance of the provider’s equipment, for the
fair market value of provider’s access to the Building, and the costs which may
reasonably be expected to be incurred by Landlord;
	 
	 	(vii)	 	Provider agrees to deliver to Landlord detailed “as built”
plans;
	 
	 	(viii)	 	All of the foregoing matters are documented in a written license agreement
between Landlord and the provider.

          Limit of Default or Breach

          Notwithstanding any provision of the proceeding paragraphs to the contrary, the refusal of
Landlord to grant its approval to any prospective communications provider shall not be deemed a
default or breach by Landlord of its obligation under this Lease unless and until Landlord is
adjudicated to have acted recklessly or maliciously with respect to Tenant’s request for approval,
and in that event, Tenant shall have no right to terminate the Lease, entitlement to rent
abatement, or any reimbursement for any loss or damage, all of which Tenant hereby waives and
releases Landlord from. Tenant’s sole and exclusive remedy and recourse shall be to seek a
judicial order of specific performance compelling Landlord to grant its approval as to the
prospective provider in question. The provisions of this paragraph may be enforced solely by
Tenant and Landlord, are not for the benefit of any other party, and specifically but without
limitation, no telephone or communications provider shall be deemed a third party beneficiary of
this Lease.

          Limitation of Liability for Equipment Interference

          No Communications Equipment, wiring of any type installed by or at the request of Tenant
within the Tenant’s premises, on the roof, or elsewhere within or on the Building shall cause
interference to any equipment used by another party or tenant and Tenant hereby assumes all
liability related to such interference and agrees to indemnify and hold Landlord harmless from any
claim, loss damage, cost or expense arising or connected therewith, including reasonable attorney
fees. Tenant shall exercise its best efforts, and shall cooperate with Landlord and other parties,
to promptly eliminate such interference. In the event that Tenant is unable to do so, Tenant will
substitute alternative equipment which remedies the situation. If such interference persists,
Tenant shall discontinue the use of such equipment, and, at Landlord’s discretion, remove such
equipment. “

3

 

          7. Owner shall extend a $3,000.00 Rent credit for painting the Demised Premises to Tenant, to
be applied after the work has been performed and Owner or its representative has inspected same.

          8. Except as modified by this Agreement, all other provisions of the Lease shall continue as
stated in the Lease for the Modification and Extension Period from August 1st, 2010 to
July 31st, 2013, and all base periods for the purpose of computing Additional Rent
escalations or charges of any kind shall be measured from the commencement date of the bases to
July 31st, 2013 as though the terms of the Lease had always included the Modification
and Extension Period.

          9. Except as modified by this Agreement, Tenant shall be required to pay all Additional Rent
as stated in the Lease during the Modification and Extension Period.

          10. Execution of this Agreement by the Landlord shall not constitute a waiver of or consent to
any default, breach or condition that might ripen into a default or breach and Landlord preserves
any right or remedy it may have against Tenant with respect thereto.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the day first written
above. By executing the within agreement, each party declares and represents he/she has the
expressed, apparent and actual authority to bind himself/herself, and bind the entity herein above
named. By executing the within agreement each party acknowledges and understands the other party
relies and has acted based on the above stated representations.

	 	 	 	 	 
	 	 	 
	 	     /s/ Steven Albert
 	 
	 	FIFTH AVENUE PARTNERS, L.P. 	 
	 	BY STEVEN ALBERT, GENERAL PARTNER 	 
	 
	 	 	 
	 	               /s/ John Torrens
 	 
	 	INTERACTIVE THERAPY GROUP CONSULTANTS, INC. 	 
	 	FEDERAL ID # 16-1503758

BY:        John Torrens

TITLE:    President

DATE:  May 21, 2010	 

4

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