Document:

NEITHER
      THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
      STATE
      SECURITIES LAWS. AS A RESULT, THIS WARRANT AND SUCH SECURITIES MAY NOT BE SOLD,
      OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED IN THE ABSENCE
      OF SUCH REGISTRATION OR EVIDENCE SATISFACTORY TO THE COMPANY OF AN APPLICABLE
      EXEMPTION FROM REGISTRATION UNDER THE ACT OR COMPLIANCE WITH RULE 144 UNDER
      SUCH
      ACT. THE TRANSFER OF THIS WARRANT IS FURTHER RESTRICTED AS PROVIDED
      HEREIN.

     

    WARRANT
      TO PURCHASE SHARES

    OF
      COMMON STOCK

    OF
      URON INC.

     

    EXERCISABLE
      ON OR BEFORE, AND VOID AFTER

     

    5:00
      P.M.
      MINNEAPOLIS TIME ON JULY 5, 2012

     

    This
      Certifies That Donald
      Miller (the “Holder”),
      or
      registered assigns, is entitled to subscribe for and purchase from URON Inc.,
      a
      Minnesota corporation (the “Company”),
      at
      any time after July 5, 2007, through July 5, 2012, 100,000 shares of the
      Company’s common stock at an exercise price of $0.15 per share, subject to
      adjustment as provided herein (as adjusted, the “Purchase
      Price”).

     

    The
      shares that may be acquired upon exercise of this Warrant are referred to herein
      as the “Warrant
      Shares.”
As
      used herein, the term “Holder” means the Holder identified in the paragraph
      above and any party who acquires all or a part of this Warrant as a registered
      transferee of such
      Holder.
      The
      term “Convertible
      Securities”
means
      any stock or other securities convertible into, or exchangeable for, Company
      common stock. This
      Warrant is subject to the following terms and conditions:

     

    1. Exercise.
      The
      rights represented by this Warrant may be exercised by the Holder, in whole
      or
      in part (but not as to a fractional share of common stock), by written Notice
      of
      Exercise (in the form attached hereto) delivered to the Company at the principal
      office of the Company prior to the expiration of this Warrant and accompanied
      or
      preceded by the surrender of this Warrant along with a check in payment of
      the
      Purchase Price multiplied
      by the number of Warrant Shares being purchased hereunder, unless this Warrant
      is being exercised pursuant to Section 9 below.

     

    2. Exchange
      and Replacement.
      Upon
      receipt by the Company of evidence reasonably satisfactory to it of the loss,
      theft, destruction, or mutilation of this Warrant, the Company will make and
      deliver a new Warrant of like
      tenor, in lieu of this Warrant. This Warrant shall be promptly canceled by
      the
      Company upon the surrender hereof in connection with any exchange or
      replacement.

     

    3. Issuance
      of the Warrant Shares.

     

    (a) Subject
      to the provisions of paragraph (b) below, certificates for the Warrant Shares
      purchased hereunder shall be delivered to the Holder within a reasonable time,
      not exceeding ten days, after the rights represented by this Warrant shall
      have
      been so
      exercised, and, unless this Warrant has expired,
      a new Warrant representing the right to purchase the number of
      Warrant Shares,
      if any, with respect to which this Warrant shall not then have been exercised
      shall also be delivered to the Holder within such time.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) Notwithstanding
      the foregoing, the Company shall not
      be
      required to recognize any exercise or deliver any certificate for Warrant Shares
      upon attempted exercise of this Warrant except in accordance with exemptions
      from the applicable securities, registration requirements or registrations
      under
      applicable securities laws. The Company shall not be obligated to effect a
      registration of the Warrant Shares under federal or state securities laws unless
      specifically so provided herein. The Holder agrees to execute such documents
      and
      make such representations, warranties, and agreements as may be required solely
      to comply with the exemptions relied upon by the Company, or the registrations
      made, for the issuance of the Warrant Shares.

     

    4. Covenants
      of the Company.
      The
      Company covenants and agrees that during the period within which the rights
      represented by this Warrant may be exercised, the Company will at all times
      have
      authorized for the purpose of issue or transfer upon exercise of the
      subscription rights evidenced by this Warrant a sufficient number of shares
      of
      common stock to provide for the exercise of the rights represented by this
      Warrant.

     

    5. Purchase
      Price Adjustments. The
      provisions of this Warrant are subject to adjustment as provided in this Section
      5.

     

    (a) In
      case
      the Company shall hereafter: (i) pay any dividends on any class of stock of
      the
      Company payable in common stock or Convertible Securities; (ii) subdivide its
      then-outstanding shares of common stock into a greater number of shares; or
      (iii) combine outstanding shares of common stock, by reclassification or
      otherwise; then,
      in
      any such event, the Purchase Price in effect immediately prior to such event
      shall (until adjusted again pursuant hereto) be adjusted immediately after
      such
      event to a price (calculated to the nearest full cent) determined by dividing
      (A) the number of shares of common stock
      outstanding
      immediately prior to such event, multiplied by the then-existing Purchase Price,
      by (B) the total number of shares of common stock outstanding immediately after
      such event (including in each case the maximum number of shares of common stock
      issuable in respect of any Convertible Securities), and the resulting quotient
      shall be the adjusted Purchase Price. An adjustment made pursuant to this
      paragraph shall
      become
      effective immediately after the record date in the case of a dividend or
      distribution and shall become effective immediately after the effective date
      in
      the case of a subdivision, combination or reclassification. If, as a result
      of
      an adjustment made pursuant to this paragraph, the Holder of any Warrant
      thereafter surrendered for exercise shall become entitled to receive shares
      of
      two or more classes of capital stock or share of common stock and other capital
      stock of the Company, the Company’s board of directors (whose determination
      shall be conclusive) shall determine the allocation of the adjusted Purchase
      Price between or among shares of such classes of capital stock or shares of
      common stock and other-capital
      stock. All calculations under this paragraph shall be made to the nearest cent
      or to the nearest 1/100 of a share, as
      the
      case
      may be. In the event that at any time as a result of an adjustment made pursuant
      to this paragraph, the holder of any Warrant thereafter surrendered for exercise
      shall become entitled to receive any shares of the Company other than shares
      of
      common stock, thereafter the Purchase Price of such other shares so receivable
      upon exercise of any Warrant shall be subject to adjustment from
      time to
      time
      in a manner and on terms as nearly equivalent as practicable to the provisions
      with respect to common stock contained in this Section.

     

    (b) In
      case
      of any consolidation or merger to which the Company is a party other than a
      merger or consolidation in which the Company is the surviving corporation,
      or in
      case of any sale or conveyance to another corporation of the property of the
      Company as an entirety or substantially as an entirety, or in the case of any
      statutory exchange of securities with another corporation (including any
      exchange effected in connection with a merger of a third corporation into the
      Company), there shall be no adjustment under paragraph (a) above but the Holder
      of this Warrant then outstanding shall have the right thereafter to convert
      this
      Warrant into the kind and amount of shares of stock and other
      securities, and
      any
      other property, which he, she or it would have owned or have been entitled
      to
      receive immediately after such consolidation, merger, statutory exchange sale
      or
      conveyance had such Warrant been converted immediately prior to the effective
      date of such consolidation, merger, statutory exchange, sale or conveyance.
      The
      provisions of this paragraph shall similarly apply to successive consolidations,
      mergers, statutory exchanges, sales or conveyances.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    6. No
      Voting Rights.
      This
      Warrant by itself shall not entitle the Holder to any voting rights or other
      rights as a stockholder of the Company.

     

    7. Notice
      of Transfer of Warrant or Resale of the Warrant Shares.

     

    (a) The
      Holder,
      by acceptance hereof, agrees to give written notice to the Company before
      transferring this Warrant or transferring any Warrant Shares of such Holder’s
      intention to do so, describing briefly the manner of any proposed transfer.
      If
      in the opinion of the Company counsel the proposed transfer may be effected
      without registration or qualification (under any federal or state securities
      laws), the Company, as promptly as practicable, shall notify the Holder of
      such
      opinion, whereupon the Holder shall be entitled to transfer this Warrant or
      to
      dispose of Warrant Shares received upon the previous exercise of this Warrant,
      all in accordance with the
      terms
      of the notice delivered by the Holder to the Company; provided, however, that
      an
      appropriate legend may be endorsed on this Warrant or the certificates for
      such
      Warrant Shares respecting restrictions upon transfer thereof necessary or
      advisable in the opinion of counsel and satisfactory to the Company to prevent
      further transfers which would be in violation of Section 5 of the Securities
      Act
      of 1933 (the “Securities
      Act”)
      and
      applicable state securities laws; and provided further that the prospective
      transferee or purchaser shall execute such documents and make such
      representations, warranties, and agreements as may be required solely
      to.
      comply
      with the exemptions relied upon by the Company for the transfer of disposition
      of the Warrant or Warrant Shares.

     

    (b) If,
      in
      the opinion of counsel referred to in this Section 7, the proposed transfer
      or
      disposition of this Warrant or such Warrant Shares described in the written
      notice given pursuant to this Section 7 may
      not
      be
      effected without registration or qualification of this Warrant or such Warrant
      Shares the Company shall promptly give written notice thereof to the Holder,
      and
      the Holder will limit its activities in
      respect
      to such transfer or disposition as, in the opinion of both such counsel, are
      permitted by law.

     

    8. No
      Fractional Shares.
      No
      fractional shares will be issued upon the exercise hereof.

     

    9. Net
      Issue Exercise.
      In lieu
      of exercising this Warrant pursuant to Section 1 hereof, the Holder may elect
      to
      receive, without the payment of any additional consideration, a number of
      Warrant Shares equal to the value (as determined below) of this Warrant (or
      the
      portion thereof being exercised) by surrender of this Warrant to the Company
      together with a duly executed Notice of Exercise (in the form attached hereto)
      in which the appropriate alternative is initialed by the Holder. In such event,
      the Company shall issue to the Holder the number of Warrant Shares computed
      by
      applying the following formula:

     

    X
      = Y
      (A-B)

    A

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    Where:

     

    
      	  	
              X

            	 	
              =

            	 	the number of Warrant Shares to be issued
              to
              the Holder;
	  	 	 	 	 	 
	  	
              Y

            	 	
              =

            	 	
              the
                number of Warrant Shares subject to this
                warrant (or, if only a  portion
                of this Warrant is being exercised, the number of Warrant Shares
                subject
                to the portion of this Warrant being exercised);

            
	  	 	 	 	 	 
	 	
              A

            	 	
              =

            	 	the Fair Market Value of one Warrant
              Share
              (at the date of such exercise);
              and
	 	 	 	 	 	 
	 	
              B

            	 	
              =

            	 	the
              Purchase Price, as adjusted to the date of such
              calculation.

    

     

    For
      purposes of the above, the “Fair
      Market Value”
of
      one
      share shall equal the average of the closing sale prices of the common stock
      quoted on the Nasdaq Stock Market or listed in the Over-The-Counter Bulletin
      Board (or the Pink Sheets) or the closing price quoted on any national
      securities exchange on which such securities are listed, whichever is
      applicable, for the ten consecutive trading days immediately prior to the date
      of determination of Fair Market Value (or, if no sales take place on any such
      trading day, the average of the closing bid and asked prices on such trading
      day). If, however, the common stock is not traded on the Nasdaq Stock Market
      or
      Over-The-Counter or on a national securities exchange, the Fair Market Value
      of
      a Warrant Share shall be determined in good faith by the Company’s board of
      directors.

     

    10. Registration
      Rights.
      

     

    (a) Subject
      to paragraph (d) of this Section, each time the Company shall determine to
      proceed with the actual preparation and filing of a registration statement
      under
      the Securities Act, in connection with the proposed offer and sale for money
      of
      any of its securities by it (other than a registration on Form S-8, S-4 or
      any
      successor forms), the Company will give written notice of its determination
      to
      Holder. Upon the written request of Holder given within 30 days after receipt
      of
      any such notice from the Company, the Company will, except as herein provided,
      cause all Warrant Shares with respect to which Holder has requested registration
      to be included in such registration statement, all to the extent requisite
      to
      permit the sale or other disposition by Holder of the shares to be so
      registered; provided, however, that nothing herein shall prevent the Company
      from, at any time, abandoning or delaying any such registration initiated by
      it.
      If any such registration pertains to an underwritten offering in whole or in
      part, the Company may require that the shares requested for inclusion by Holder
      pursuant to this section be included in the underwritten offering on the same
      terms and conditions as the securities otherwise being sold through the
      underwriters. In the event that if in the good faith judgment of the managing
      underwriter of such underwritten offering the inclusion of all of the Warrant
      Shares originally covered by a request for registration made by Holder would
      reduce the amount of securities to be offered by the Company or interfere with
      the successful marketing of the securities to be offered by the Company, the
      number of Warrant Shares owned by or issuable to Holder and otherwise to be
      included in the underwritten offering may be reduced. Any Warrant Shares which
      are thus excluded from the underwritten offering shall be withheld from the
      market by Holder for a period, not to exceed 180 days, that the managing
      underwriter reasonably determines is necessary in order to effect the
      underwritten offering.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (b) If
      and
      whenever the Company is required by the provisions of Section 10(a) to effect
      the registration of any Warrant Shares under the Securities Act, the Company
      will:

     

    (i) prepare
      and file with the SEC a registration statement with respect to such shares,
      and
      use reasonable commercial efforts to cause such registration statement to become
      and remain effective for such period as may be reasonably necessary to effect
      the sale of such shares, not to exceed two years from the date of issuance
      of
      the covered Warrant Shares;

    

    (ii) prepare
      and file with the SEC such amendments to such registration statement and
      supplements to the prospectus contained therein as may be necessary to keep
      such
      registration statement effective for such period as may be reasonably necessary
      to effect the sale of such securities, not to exceed two years from the date
      of
      issuance of the covered Warrant Shares;

    

    (iii) furnish
      to Holder and to the underwriters of the securities being registered such
      reasonable number of copies of the registration statement, preliminary
      prospectus, final prospectus and such other documents as Holder and underwriters
      may reasonably request in order to facilitate the public offering of such
      securities;

    

    (iv) use
      reasonable commercial efforts to register or qualify the securities covered
      by
      such registration statement under such state securities or blue sky laws of
      such
      jurisdictions as the underwriters may reasonably request within 20 days
      following the original filing of such registration statement, except that the
      Company shall not for any purpose be required to execute a general consent
      to
      service of process or to qualify to do business as a foreign corporation in
      any
      jurisdiction wherein it is not so qualified; and

    

    (v) prepare
      and promptly file with the SEC any amendment or supplement to such registration
      statement or prospectus as may be necessary to correct any statements or
      omissions if, at the time when a prospectus relating to such securities is
      required to be delivered under the Securities Act, any event shall have occurred
      as the result of which any such prospectus or any other prospectus as then
      in
      effect would include an untrue statement of a material fact or omit to state
      any
      material fact necessary to make the statements therein, in the light of the
      circumstances in which they were made, not misleading.

    

    (c) With
      respect to any registration of shares pursuant to Section 10(a), the Company
      shall bear the following fees, costs and expenses: all registration, filing
      and
      NASD fees, printing expenses, fees and disbursements of counsel and accountants
      for the Company, fees and disbursements of counsel for the underwriter or
      underwriters of such securities (if the Company and/or selling security holders
      are required to bear such fees and disbursements), all internal Company
      expenses, the premiums and other costs of policies of insurance against
      liability arising out of the public offering, and all legal fees and
      disbursements and other expenses of complying with state securities or blue
      sky
      laws of any jurisdictions in which the securities to be offered are to be
      registered or qualified. Fees and disbursements of counsel and accountants
      for
      Holder, underwriting discounts and commissions and transfer taxes for Holder
      and
      any other expenses incurred by Holder not expressly included above shall be
      borne by Holder.

     

    (d) Notwithstanding
      anything to the contrary herein, the Company shall not be obligated to register
      the resale of (i) any Warrant Shares purchased for cash which have been
      outstanding for more than two years or (ii) any Warrant Shares, purchased
      pursuant to Section 9, after July 8, 2009.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly
      authorized officer.

     

    
      	 	 	 
	 	URON
              INC.:
	 
 	 
 	 
 
	
            	By:  	/s/
              Donald Miller
	 	
              
DONALD
              MILLER
	 	
              Chief
                Executive Officer

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    NOTICE
      OF EXERCISE

    

    (To
      be
      signed upon exercise of Warrant)

     

    THE
      UNDERSIGNED, the holder of the within Warrant, hereby irrevocably elects to
      exercise the purchase right represented by such Warrant for, and to purchase
      thereunder, of the shares of common stock of URON Inc. to which such Warrant
      relates and herewith makes payment of $______________________ therefor in cash
      or by certified check (unless the Warrant is being exercised pursuant to Section
      9, in which case the box below indicating such fact is checked), and requests
      that the certificate for such shares be issued in the name of, and be delivered
      to, ______________________ the address for which is set forth below the
      signature of the undersigned.

     

    
      	
              o

            	
              The
                undersigned is exercising the Warrant pursuant to the Net Issue Exercise
                provisions of Section 9.

            

    

     

    Dated:
      _______________________, 20____

    
      	 	 	 	 
	
            	 	 	
            
	
            	 	 	
              
Signature

    

    
      	
            	 	 	 
	
            	 	 	
            
	
            	 	 	
              
Name

    

    
      	
            	 	 	 
	
            	 	 	
            
	
            	 	 	
              
Address

    

    
      	
            	 	 	 
	
            	 	 	
            
	
            	 	 	
              
City,
              State, Zip Code

    

    
      	
            	 	 	 
	
            	 	 	
            
	
            	 	 	
              
Social
              Security or Tax Identification
              No.

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    ASSIGNMENT
      FORM

     

    (To
      be
      signed only upon authorized transfer of Warrant)

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby sells, assigns, and transfers unto
      _______________________________ the right to purchase the securities of URON
      Inc., a Minnesota corporation, to which the within Warrant relates and appoints
      ______________________, attorney, to transfer said right on the books of URON
      Inc. with full power of substitution in the premises.

     

    Dated:
      _______________________, 20____

    
      	
            	 	 	 
	
            	 	 	
            
	
            	 	 	
              

              Signature

            

      
        	
              	 	 	 
	
              	 	 	
              
	
              	 	 	
                
Name

      

      
        	
              	 	 	 
	
              	 	 	
              
	
              	 	 	
                
Address

      

      
        	
              	 	 	 
	
              	 	 	
              
	
              	 	 	
                

                Social
                  Security or Tax Identification No.

              

      

       

      
        
          
          

        

        
          8URON
      INC. 

     

    2008
      STOCK INCENTIVE PLAN

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TABLE
      OF CONTENTS

    

      
        	 	 	 	 	
                Page

              
	
                1.

              	 	
                Purpose

              	 	
                1

              
	
                2.

              	 	
                Administration

              	 	
                1

              
	
                3.

              	 	
                Eligible
                  Participants

              	 	
                1

              
	
                4.

              	 	
                Types
                  of Incentives

              	 	
                2

              
	
                5.

              	 	
                Shares
                  Subject to the Plan.

              	 	
                2

              
	
                6.

              	 	
                Stock
                  Options

              	 	
                2

              
	
                7.

              	 	
                Stock
                  Appreciation Rights

              	 	
                4

              
	
                8.

              	 	
                Stock
                  Awards and Restricted Stock

              	 	
                5

              
	
                9.

              	 	
                General.

              	 	
                6

              

      

    

     

    
      
         

      

      
        i

        
          

        

      

      
         

      

    

     

    
      URON
        INC.

       

      2008
        STOCK INCENTIVE PLAN

       

      1.  Purpose.
        The
        purpose of the 2008 Stock Incentive Plan (the “Plan”) of URON Inc. (the
“Company”) is to increase shareholder value and to advance the interests of the
        Company by furnishing a variety of economic incentives (“Incentives”) designed
        to attract, retain and motivate employees, certain key consultants and directors
        of the Company. Incentives may consist of opportunities to purchase or receive
        shares of common stock, no par value, of the Company (“Common Stock”) or other
        incentive awards on terms determined under this Plan.

       

      2.  Administration. 

       

      2.1.  Administration
        by Committee.
        The
        Plan shall be administered by the board of directors of the Company (the
“Board
        of Directors”) or by a stock option or compensation committee (the “Committee”)
        of the Board of Directors. The Committee shall consist of not less than two
        directors of the Company and shall be appointed from time to time by the
        Board
        of Directors. Each member of the Committee shall be (i) a “non-employee
        director” within the meaning of Rule 16b-3 of the Securities
        Exchange Act of 1934 (including the regulations promulgated thereunder, the
        “1934 Act”) (a
        “Non-Employee Director”), and
        (ii)
        shall be an “outside director” within the meaning of Section 162(m) under the
        Internal Revenue Code of 1986, as amended (the “Code”) and the regulations
        promulgated thereunder. The Committee shall have complete authority to award
        Incentives under the Plan, to interpret the Plan, and to make any other
        determination which it believes necessary and advisable for the proper
        administration of the Plan. The Committee’s decisions and matters relating to
        the Plan shall be final and conclusive on the Company and its participants.
        If
        at any time there is no stock option or compensation committee, the term
        “Committee,” as used in the Plan, shall refer to the Board of
        Directors.

       

      2.2.  Delegation
        of Authority.
        The
        Company’s Chief Executive Officer may, on a discretionary basis and without
        Committee review or approval, grant options to purchase up to 250,000 shares
        each to new employees of the Company who are not officers of the Company.
        Such
        discretionary option grants shall not exceed 250,000 shares in total in any
        fiscal year. Subject to the foregoing limitations, the Chief Executive Officer
        shall determine from time to time (i) the new employees to whom grants will
        be
        made, (ii) the number of shares to be granted, and (iii) the terms and
        provisions of each option (which need not be identical).

       

      3.  Eligible
        Participants.
        Officers of the Company, employees of the Company or its subsidiaries, members
        of the Board of Directors, and consultants or other independent contractors
        who
        provide services to the Company or its subsidiaries shall be eligible to
        receive
        Incentives under the Plan when designated by the Committee. Participants
        may be
        designated individually or by groups or categories (for example, by pay grade)
        as the Committee deems appropriate. Participation by officers of the Company
        or
        its subsidiaries and any performance objectives relating to such officers
        must
        be approved by the Committee. Participation by others and any performance
        objectives relating to others may be approved by groups or categories (for
        example, by pay grade) and authority to designate participants who are not
        officers and to set or modify such targets may be delegated.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      4.  Types
        of Incentives.
        Incentives under the Plan may be granted in any one or a combination of the
        following forms: (a) incentive stock options and non-statutory stock options
        (Section 6); (b) stock appreciation rights (“SARs”) (Section 7); (c) stock
        awards (Section 8); and (d) restricted stock (Section 8). Subject to the
        specific limitations provided in this Plan, payment of Incentives may be
        in the
        form of cash, Common Stock or combinations thereof as the Committee shall
        determine, and with such other restrictions as it may impose.

       

      5.  Shares
        Subject to the Plan.

       

      5.1.  Number
        of Shares.
        Subject
        to adjustment as provided in Section 9.6, the number of shares of Common
        Stock
        which may be issued under the Plan shall not exceed 2,000,000 shares of Common
        Stock. Shares of Common Stock that are issued under the Plan or are subject
        to
        outstanding Incentives will be applied to reduce the maximum number of shares
        of
        Common Stock remaining available for issuance under the Plan. Any shares
        of
        Common Stock subject to SARs granted under this Plan shall be counted in
        full
        against the foregoing share limit, regardless of the number of shares of
        Common
        Stock actually issued upon the exercise of such SARs.

       

      5.2.  Cancellation.
        In the
        event that a stock option or SAR granted hereunder expires or is terminated
        or
        canceled unexercised as to any shares of Common Stock, such shares may again
        be
        issued under the Plan either pursuant to stock options, SARs or otherwise.
        In
        the event that shares of Common Stock are issued as restricted stock or pursuant
        to a stock award and thereafter are forfeited or reacquired by the Company
        pursuant to rights reserved upon issuance thereof, such forfeited and reacquired
        shares may again be issued under the Plan, either as restricted stock, pursuant
        to stock awards or otherwise. The Committee may also determine to cancel,
        and
        agree to the cancellation of, Incentives in order to make a participant eligible
        for the grant of an Incentive at a lower exercise price than the Incentive
        to be
        canceled.

       

      5.3.  Type
        of Common Stock.
        Common
        Stock issued under the Plan in connection with Incentives shall be authorized
        and unissued shares.

       

      5.4.  Limitation
        on Certain Grants.
        No
        person shall receive grants of stock options and SARs under the Plan that
        exceed, in the aggregate, 250,000 shares during any one fiscal year of the
        Company.

       

      6.  Stock
        Options.
        A stock
        option is a right to purchase shares of Common Stock from the Company. Each
        stock option granted by the Committee under this Plan shall be subject to
        the
        following terms and conditions:

       

      6.1.  Price.
        The
        option price per share shall be determined by the Committee, subject to
        adjustment under Section 9.6. Notwithstanding the foregoing sentence, except
        as
        permitted under Section 9.16, the option price per share shall not be less
        than
        the Fair Market Value (as defined in Section 9.14) of the Common Stock on
        the
        Grant Date (as defined in Section 9.15) unless the stock option satisfies
        the
        provisions of Code Section 409A, including the rules and regulations thereunder
        (together, “Code Section 409A”).

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      6.2.  Number.
        The
        number of shares of Common Stock subject to a stock option shall be determined
        by the Committee, subject to adjustment as provided in Section 9.6. The number
        of shares of Common Stock subject to a stock option shall be reduced in the
        same
        proportion that the holder thereof exercises an SAR if any SAR is granted
        in
        conjunction with or related to the stock option. Notwithstanding the foregoing,
        the limitation on grants under Section 5.4 shall apply to grants of stock
        options under the Plan. 

       

      6.3.  Duration
        and Time for Exercise.
        Subject
        to earlier termination as provided in Section 9.3, the term of each stock
        option
        shall be determined by the Committee but shall not exceed ten years and one
        day
        from the Grant Date. Each stock option shall become exercisable at such time
        or
        times during its term as shall be determined by the Committee at the time
        of
        grant. The Committee may accelerate the exercisability of any stock option.
        Subject to the foregoing and with the approval of the Committee, all or any
        part
        of the shares of Common Stock with respect to which the right to purchase
        has
        accrued may be purchased by the Company at the time of such accrual or at
        any
        time or times thereafter during the term of the option.

       

      6.4.  Manner
        of Exercise.
        A stock
        option may be exercised, in whole or in part, by giving written notice to
        the
        Company, specifying the number of shares of Common Stock to be purchased
        and
        accompanied by the full purchase price for such shares. The option price
        shall
        be payable (a) in United States dollars upon exercise of the option and may
        be
        paid by cash, uncertified or certified check or bank draft; (b) unless otherwise
        provided in the option agreement, by delivery of shares of Common Stock in
        payment of all or any part of the option price, which shares shall be valued
        for
        this purpose at the Fair Market Value on the date such option is exercised;
        or
        (c) unless otherwise provided in the option agreement, by instructing the
        Company to withhold from the shares of Common Stock issuable upon exercise
        of
        the stock option shares of Common Stock in payment of all or any part of
        the
        exercise price and/or any related withholding tax obligations consistent
        with
        Section 9.8, which shares shall be valued for this purpose at the Fair Market
        Value or in such other manner as may be authorized from time to time by the
        Committee. Prior to the issuance of shares of Common Stock upon the exercise
        of
        a stock option, a participant shall have no rights as a
        shareholder.

       

      6.5.  Incentive
        Stock Options.
        Notwithstanding anything in the Plan to the contrary, the following additional
        provisions shall apply to the grant of stock options which are intended to
        qualify as Incentive Stock Options (as such term is defined in Code Section
        422):

       

      (a)  The
        aggregate Fair Market Value (determined as of the time the option is granted)
        of
        the shares of Common Stock with respect to which Incentive Stock Options
        are
        exercisable for the first time by any participant during any calendar year
        (under all of the Company’s plans) shall not exceed $100,000. The determination
        will be made by taking Incentive Stock Options into account in the order
        in
        which they were granted. If such excess only applies to a portion of an
        Incentive Stock Option, the Committee, in its discretion, will designate
        which
        shares will be treated as shares to be acquired upon exercise of an Incentive
        Stock Option.

       

      
        
           

        

        
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      (b)  Any
        option agreement for an Incentive Stock Option under the Plan shall contain
        such
        other provisions as the Committee shall deem advisable, but shall in all
        events
        be consistent with and contain all provisions required in order to qualify
        the
        options as Incentive Stock Options.

       

      (c)  All
        Incentive Stock Options must be granted within ten years from the earlier
        of the
        date on which this Plan was adopted by Board of Directors or the date this
        Plan
        was approved by the shareholders.

       

      (d)  Unless
        sooner exercised, all Incentive Stock Options shall expire no later than
        ten
        years after the Grant Date.

       

      (e)  The
        option price for Incentive Stock Options shall be not less than the Fair
        Market
        Value of the Common Stock subject to the option on the Grant Date.

       

      (f)  If
        Incentive Stock Options are granted to any participant who, at the time such
        option is granted, would own (within the meaning of Code Section 422) stock
        possessing more than 10% of the total combined voting power of all classes
        of
        stock of the employer corporation or of its parent or subsidiary corporation,
        (i) the option price for such Incentive Stock Options shall be not less than
        110% of the Fair Market Value of the Common Stock subject to the option on
        the
        Grant Date and (ii) such Incentive Stock Options shall expire no later than
        five
        years after the Grant Date.

       

      7.  Stock
        Appreciation Rights.
        An SAR
        is a right to receive, without payment to the Company, a number of shares
        of
        Common Stock, the amount of which is determined pursuant to the formula set
        forth in Section 7.5. An SAR may be granted (a) with respect to any stock
        option
        granted under this Plan, either concurrently with the grant of such stock
        option
        or at such later time as determined by the Committee (as to all or any portion
        of the shares of Common Stock subject to the stock option), or (b) alone,
        without reference to any related stock option. Each SAR granted by the Committee
        under this Plan shall be subject to the following terms and
        conditions:

       

      7.1.  Price.
        The
        exercise price per share of any SAR granted without reference to a stock
        option
        shall be determined by the Committee, subject to adjustment under Section
        9.6.
        Notwithstanding the foregoing sentence, except as permitted under Section
        9.16,
        the exercise price per share shall not be less than the Fair Market Value
        of the
        Common Stock on the Grant Date unless the SAR satisfies the provisions of
        Code
        Section 409A.

       

      7.2.  Number.
        Each
        SAR granted to any participant shall relate to such number of shares of Common
        Stock as shall be determined by the Committee, subject to adjustment as provided
        in Section 9.6. In the case of an SAR granted with respect to a stock option,
        the number of shares of Common Stock to which the SAR relates shall be reduced
        in the same proportion that the holder of the option exercises the related
        stock
        option. Notwithstanding the foregoing, the limitation on grants under Section
        5.4 shall apply to grants of SARs under the Plan. 

       

      7.3.  Duration.
        Subject
        to earlier termination as provided in Section 9.3, the term of each SAR shall
        be
        determined by the Committee, but shall not exceed ten years and one day from
        the
        Grant Date. Unless otherwise provided by the Committee, each SAR shall become
        exercisable at such time or times, to such extent and upon such conditions
        as
        the stock option, if any, to which it relates is exercisable. The Committee
        may
        in its discretion accelerate the exercisability of any SAR.

       

      
        
           

        

        
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      7.4.  Exercise.
        An SAR
        may be exercised, in whole or in part, by giving written notice to the Company,
        specifying the number of SARs which the holder wishes to exercise. Upon receipt
        of such written notice, the Company shall, within 90 days thereafter, deliver
        to
        the exercising holder certificates for the shares of Common Stock or cash
        or
        both, as determined by the Committee, to which the holder is entitled pursuant
        to Section 7.5.

       

      7.5.  Issuance
        of Shares Upon Exercise.
        The
        number of shares of Common Stock which shall be issuable upon the exercise
        of an
        SAR shall be determined by dividing:

       

      (a)  the
        number of shares of Common Stock as to which the SAR is exercised multiplied
        by
        the amount of the appreciation in such shares (for this purpose, the
“appreciation” shall be the amount by which the Fair Market Value of the shares
        of Common Stock subject to the SAR on the exercise date exceeds (1) in the
        case
        of an SAR related to a stock option, the purchase price of the shares of
        Common
        Stock under the stock option or (2) in the case of an SAR granted alone,
        without
        reference to a related stock option, an amount which shall be determined
        by the
        Committee at the time of grant, subject to adjustment under Section 9.6);
        by

       

      (b)  the
        Fair
        Market Value of a share of Common Stock on the exercise date.

       

      No
        fractional shares of Common Stock shall be issued upon the exercise of an
        SAR;
        instead, the holder of the SAR shall be entitled to receive a cash adjustment
        equal to the same fraction of the Fair Market Value of a share of Common
        Stock
        on the exercise date or to purchase the portion necessary to make a whole
        share
        at its Fair Market Value on the date of exercise.

      

      8.  Stock
        Awards and Restricted Stock.
        A stock
        award consists of the transfer by the Company to a participant of shares
        of
        Common Stock, without other payment therefor, as additional compensation
        for
        services to the Company. A share of restricted stock consists of shares of
        Common Stock which are sold or transferred by the Company to a participant
        at a
        price, if any, determined by the Committee and subject to restrictions on
        their
        sale or other transfer by the participant. The transfer of Common Stock pursuant
        to stock awards and the transfer and sale of restricted stock shall be subject
        to the following terms and conditions:

       

      8.1.  Number
        of Shares.
        The
        number of shares to be transferred or sold by the Company to a participant
        pursuant to a stock award or as restricted stock shall be determined by the
        Committee.

       

      8.2.  Sale
        Price.
        The
        Committee shall determine the price, if any, at which shares of restricted
        stock
        shall be sold to a participant, which may vary from time to time and among
        participants and which may be below the Fair Market Value of such shares
        of
        Common Stock at the date of sale.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      8.3.  Restrictions.
        All
        shares of restricted stock transferred or sold by the Company hereunder shall
        be
        subject to such restrictions as the Committee may determine, including, without
        limitation any or all of the following:

       

      (a)  a
        prohibition against the sale, transfer, pledge or other encumbrance of the
        shares of restricted stock, such prohibition to lapse at such time or times
        as
        the Committee shall determine (whether in annual or more frequent installments,
        at the time of the death, disability or retirement of the holder of such
        shares,
        or otherwise);

       

      (b)  a
        requirement that the holder of shares of restricted stock forfeit, or (in
        the
        case of shares sold to a participant) resell back to the Company at his or
        her
        cost, all or a part of such shares in the event of termination of his or
        her
        employment or consulting engagement during any period in which such shares
        are
        subject to restrictions;

       

      (c)  such
        other conditions or restrictions as the Committee may deem
        advisable.

       

      8.4.  Restrictions.
        In
        order to enforce the restrictions imposed by the Committee pursuant to Section
        8.3, the participant receiving restricted stock shall enter into an agreement
        with the Company setting forth the conditions of the grant. Shares of restricted
        stock shall be registered in the name of the participant and deposited, together
        with a stock power endorsed in blank, with the Company. Each such certificate
        shall bear a legend that refers to the Plan and the restrictions imposed
        under
        the applicable agreement. The Committee may provide that no certificates
        representing restricted stock be issued until the restriction period is
        completed.

       

      8.5.  End
        of
        Restrictions.
        Subject
        to Section 9.5, at the end of any time period during which the shares of
        restricted stock are subject to forfeiture and restrictions on transfer,
        such
        shares will be delivered free of all restrictions to the participant or to
        the
        participant’s legal representative, beneficiary or heir.

       

      8.6.  Rights
        of Holders of Restricted Stock.
        Subject
        to the terms and conditions of the Plan, each participant receiving restricted
        stock shall have all the rights of a shareholder with respect to shares of
        stock
        during any period in which such shares are subject to forfeiture and
        restrictions on transfer, including without limitation, the right to vote
        such
        shares.

       

      9.  General.

       

      9.1.  Effective
        Date.
        The
        Plan will become effective upon the date of approval by the Company’s Board of
        Directors (the “Effective Date”), subject to approval by the Company’s
        shareholders. 

       

      9.2.  Duration.
        The
        Plan shall remain in effect until all Incentives granted under the Plan have
        either been satisfied by the issuance of shares of Common Stock or the payment
        of cash or been terminated under the terms of the Plan and all restrictions
        imposed on shares of Common Stock in connection with their issuance under
        the
        Plan have lapsed. No Incentives may be granted under the Plan after the tenth
        anniversary of the Effective Date of the Plan.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      9.3.  Non-transferability
        of Incentives.
        No
        stock option, SAR, restricted stock or stock award may be transferred, pledged
        or assigned by the holder thereof (except, in the event of the holder’s death,
        by will or the laws of descent and distribution to the limited extent provided
        in the Plan or the Incentive, or pursuant to a qualified domestic relations
        order as defined by the Code or Title I of the Employee Retirement Income
        Security Act, or the rules thereunder), and the Company shall not be required
        to
        recognize any attempted assignment of such rights by any participant.
        Notwithstanding the preceding sentence, stock options may be transferred
        by the
        holder thereof to the holder’s spouse, children, grandchildren or parents
        (collectively, the “Family Members”), to trusts for the benefit of Family
        Members, to partnerships or limited liability companies in which Family Members
        are the only partners or shareholders, or to entities exempt from federal
        income
        taxation pursuant to Code Section 501(c)(3). During a participant’s lifetime, a
        stock option may be exercised only by him or her, by his or her guardian
        or
        legal representative or by the transferees permitted by this Section
        9.3.

       

      9.4.  Effect
        of Termination or Death.
        In the
        event that a participant ceases to be an employee of or consultant to the
        Company for any reason, including death or disability, any Incentives may
        be
        exercised or shall expire at such times as may be set forth in the agreement,
        if
        any, applicable to the Incentive, or otherwise as determined by the
        Committee.

       

      9.5.  Restrictions
        under Securities Laws.
        Notwithstanding anything in this Plan to the contrary: (a) the Company may,
        if
        it shall determine it necessary or desirable for any reason, at the time
        of
        award of any Incentive or the issuance of any shares of Common Stock pursuant
        to
        any Incentive, require the recipient of the Incentive, as a condition to
        the
        receipt thereof or to the receipt of shares of Common Stock issued pursuant
        thereto, to deliver to the Company a written representation of present intention
        to acquire the Incentive or the shares of Common Stock issued pursuant thereto
        for his or her own account for investment and not for distribution; and (b)
        if
        at any time the Company further determines, in its sole discretion, that
        the
        listing, registration or qualification (or any updating of any such document)
        of
        any Incentive or the shares of Common Stock issuable pursuant thereto is
        necessary on any securities exchange or under any federal or state securities
        or
        blue sky law, or that the consent or approval of any governmental regulatory
        body is necessary or desirable as a condition of, or in connection with the
        award of any Incentive, the issuance of shares of Common Stock pursuant thereto,
        or the removal of any restrictions imposed on such shares, such Incentive
        shall
        not be awarded or such shares of Common Stock shall not be issued or such
        restrictions shall not be removed, as the case may be, in whole or in part,
        unless such listing, registration, qualification, consent or approval shall
        have
        been effected or obtained free of any conditions not acceptable to the
        Company.

       

      9.6.  Adjustment.
        In the
        event of any recapitalization, stock dividend, stock split, combination of
        shares or other change in the Common Stock, the number of shares of Common
        Stock
        then subject to the Plan, including shares subject to outstanding Incentives,
        and the other numbers of shares of Common Stock provided in the Plan, shall
        be
        adjusted in proportion to the change in outstanding shares of Common Stock.
        In
        the event of any such adjustments, the purchase price of any option, the
        performance objectives of any Incentive, and the shares of Common Stock issuable
        pursuant to any Incentive shall be adjusted as and to the extent appropriate,
        in
        the discretion of the Committee, to provide participants with the same relative
        rights before and after such adjustment.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      9.7.  Incentive
        Plans and Agreements.
        Except
        in the case of stock awards, the terms of each Incentive shall be stated
        in a
        plan or agreement approved by the Committee. The Committee may also determine
        to
        enter into agreements with holders of options to reclassify or convert certain
        outstanding options, within the terms of the Plan, as Incentive Stock Options
        or
        as non-statutory stock options and in order to eliminate SARs with respect
        to
        all or part of such options and any other previously issued options. The
        Committee shall communicate the key terms of each award to the participant
        promptly after the Committee approves the grant of such award.

       

      9.8.  Withholding.

       

      (a)  The
        Company shall have the right to withhold from any payments made under the
        Plan
        or to collect as a condition of payment, any taxes required by law to be
        withheld. At any time when a participant is required to pay to the Company
        an
        amount required to be withheld under applicable income tax laws in connection
        with a distribution of Common Stock or upon exercise of an option or SAR
        or upon
        vesting of restricted stock, the participant may satisfy this obligation
        in
        whole or in part by electing (the “Election”) to have the Company withhold, from
        the distribution or from such shares of restricted stock, shares of Common
        Stock
        having a value up to the minimum amount of withholding taxes required to
        be
        collected on the transaction. The value of the shares to be withheld shall
        be
        based on the Fair Market Value of the Common Stock on the date that the amount
        of tax to be withheld shall be determined (“Tax Date”).

       

      (b)  Each
        Election must be made prior to the Tax Date. The Committee may disapprove
        of any
        Election, may suspend or terminate the right to make Elections, or may provide
        with respect to any Incentive that the right to make Elections shall not
        apply
        to such Incentive. An Election is irrevocable.

       

      9.9.  No
        Continued Employment, Engagement or Right to Corporate Assets.
        No
        participant under the Plan shall have any right, because of his or her
        participation, to continue in the employ of the Company for any period of
        time
        or to any right to continue his or her present or any other rate of
        compensation. Nothing contained in the Plan shall be construed as giving
        an
        employee, a consultant, such persons’ beneficiaries or any other person any
        equity or interests of any kind in the assets of the Company or creating
        a trust
        of any kind or a fiduciary relationship of any kind between the Company and
        any
        such person.

       

      9.10.  Payments
        Under Incentives.
        Payment
        of cash or distribution of any shares of Common Stock to which a participant
        is
        entitled under any Incentive shall be made as provided in the Incentive.
        Except
        as permitted under Section 9.16, payments and distributions may not be deferred
        under any Incentive unless the deferral complies with the requirements of
        Code
        Section 409A.

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      9.11.  Amendment
        of the Plan.
        The
        Board of Directors may amend or discontinue the Plan at any time. However,
        no
        such amendment or discontinuance shall adversely change or impair, without
        the
        consent of the recipient, an Incentive previously granted. Further, no such
        amendment shall, without approval of the shareholders of the Company, (a)
        increase the maximum number of shares of Common Stock which may be issued
        to all
        participants under the Plan, (b) change or expand the types of Incentives
        that
        may be granted under the Plan, (c) change the class of persons eligible to
        receive Incentives under the Plan, or (d) materially increase the benefits
        accruing to participants under the Plan.

       

      9.12.  Amendment
        of Agreements for Incentives.
        Except
        as otherwise provided in this Section 9.12, the terms of an existing Incentive
        may be amended by agreement between the Committee and the participant.
        Notwithstanding the foregoing sentence, in the case of a stock option or
        SAR,
        except as permitted under Section 9.16, no such amendment shall (a) extend
        the
        term of the Incentive, or (b) reduce the exercise price per share below the
        Fair
        Market Value of the Common Stock on the date the Incentive was granted, unless,
        in either case, the amendment complies with the requirements of Code Section
        409A.

       

      9.13.  Sale,
        Merger, Exchange or Liquidation.
        Unless
        otherwise provided in the agreement for an Incentive, in the event of an
        acquisition of the Company through the sale of substantially all of the
        Company’s assets or through a merger, exchange, reorganization or liquidation of
        the Company or a similar event as determined by the Committee (collectively
        a
“transaction”), the Committee shall be authorized, in its sole discretion, to
        take any and all action it deems equitable under the circumstances, including
        but not limited to any one or more of the following:

       

      (a)  providing
        that the Plan and all Incentives shall terminate and the holders of (i) all
        outstanding vested options shall receive, in lieu of any shares of Common
        Stock
        they would be entitled to receive under such options, such stock, securities
        or
        assets, including cash, as would have been paid to such participants if their
        options had been exercised and such participant had received Common Stock
        immediately prior to such transaction (with appropriate adjustment for the
        exercise price, if any), (ii) SARs that entitle the participant to receive
        Common Stock shall receive, in lieu of any shares of Common Stock each
        participant was entitled to receive as of the date of the transaction pursuant
        to the terms of such Incentive, if any, such stock, securities or assets,
        including cash, as would have been paid to such participant if such Common
        Stock
        had been issued to and held by the participant immediately prior to such
        transaction, and (iii) any Incentive under this Agreement which does not
        entitle
        the participant to receive Common Stock shall be equitably treated as determined
        by the Committee. 

       

      (b)  providing
        that participants holding outstanding vested Common Stock based Incentives
        shall
        receive, with respect to each share of Common Stock issuable pursuant to
        such
        Incentives as of the effective date of any such transaction, at the
        determination of the Committee, cash, securities or other property, or any
        combination thereof, in an amount equal to the excess, if any, of the Fair
        Market Value of such Common Stock on a date within ten days prior to the
        effective date of such transaction over the option price or other amount
        owed by
        a participant, if any, and that such Incentives shall be cancelled, including
        the cancellation without consideration of all options that have an exercise
        price below the per share value of the consideration received by the Company
        in
        the transaction. 

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      (c)  providing
        that the Plan (or replacement plan) shall continue with respect to Incentives
        not cancelled or terminated as of the effective date of such transaction
        and
        provide to participants holding such Incentives the right to earn their
        respective Incentives on a substantially equivalent basis (taking into account
        the transaction and the number of shares or other equity issued by such
        successor entity) with respect to the equity of the entity succeeding the
        Company by reason of such transaction.

       

      (d)  providing
        that all unvested, unearned or restricted Incentives, including but not limited
        to restricted stock for which restrictions have not lapsed as of the effective
        date of such transaction, shall be void and deemed terminated, or, in the
        alternative, for the acceleration or waiver of any vesting, earning or
        restrictions on any Incentive.

       

      The
        Board
        of Directors may restrict the rights of participants or the applicability
        of
        this Section 9.13 to the extent necessary to comply with Section 16(b) of
        the
        1934 Act, the Code or any other applicable law or regulation. The grant of
        an
        Incentive award pursuant to the Plan shall not limit in any way the right
        or
        power of the Company to make adjustments, reclassifications, reorganizations
        or
        changes of its capital or business structure or to merge, exchange or
        consolidate or to dissolve, liquidate, sell or transfer all or any part of
        its
        business or assets. 

      

      9.14.  Definition
        of Fair Market Value.
        For
        purposes of this Plan, the “Fair Market Value” of a share of Common Stock at a
        specified date shall, unless otherwise expressly provided in this Plan, be
        the
        amount which the Committee determines in good faith to be 100% of the fair
        market value of such a share as of the date in question. Notwithstanding
        the
        foregoing: 

       

      (a)  If
        such
        shares are listed on a U.S. securities exchange, then Fair Market Value shall
        be
        determined by reference to the last sale price of a share of Common Stock
        on
        such U.S. securities exchange on the applicable date. If such U.S. securities
        exchange is closed for trading on such date, or if the Common Stock does
        not
        trade on such date, then the last sale price used shall be the one on the
        date
        the Common Stock last traded on such U.S. securities exchange.

       

      (b)  If
        such
        shares are publicly traded but are not listed on a U.S. securities exchange,
        then Fair Market Value shall be determined by reference to the trading price
        of
        a share of Common Stock on such date (or, if the applicable market is closed
        on
        such date, the last date on which the Common Stock was publicly traded),
        by a
        method consistently applied by the Committee. 

       

      (c)  If
        such
        shares are not publicly traded, then the Committee’s determination will be based
        upon a good faith valuation of the Company’s Common Stock as of such date, which
        shall be based upon such factors as the Committee deems appropriate. The
        valuation shall be accomplished in a manner that complies with Code Section
        409A
        and shall be consistently applied to Incentives under the Plan.

       

      
        
           

        

        
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      9.15.  Definition
        of Grant Date.
        For
        purposes of this Plan, the “Grant Date” of an Incentive shall be the date on
        which the Committee approved the award or, if later, the date on which (1)
        the
        participant is no longer able to negotiate the terms of the award and (2)
        it is
        expected that the key terms of the award will be communicated within a
        relatively short period of time.

       

      9.16.  Compliance
        with Code Section 409A.
        The
        Plan and the agreement for each Incentive shall be interpreted and administered
        so as to be exempt from the requirements of Code Section 409A or to comply
        with
        such requirements. Notwithstanding the foregoing, Incentives may be awarded
        or
        amended in a manner which does not comply with Code Section 409A, but only
        if
        and to the extent that the Committee specifically provides in written
        resolutions that the Incentive or amendment is not intended to comply with
        Code
        Section 409A. 

       

      Approved
        by the Board of Directors on February 2, 2008

       

      
        
           

        

        
          11

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