Document:

EXHIBIT 10.91

                               CONSULTING CONTRACT
                               -------------------

         This Consulting Contract ("CONTRACT") is made and entered as of the 3rd
day of October, 2003 ("EFFECTIVE DATE"), by and between Ultrastrip Systems,
Inc., having an address of 3515 SE Lionel Terrace, Stuart, FL 34997 ("COMPANY")
and Dennis McGuire, having an address of 3231 SE St. Lucie Blvd., Stuart, FL
34996 ("CONSULTANT").

                                    WHEREAS:

A. Company and Consultant entered into that certain Employment Agreement dated
as of January 1, 2001 ("EMPLOYMENT AGREEMENT"), and Company and Consultant
desire to terminate the Employment Agreement.

B. As of the Effective Date, Company desires to retain Consultant solely as an
independent consultant pursuant to this Contract, and Consultant desires to
provide services for Company on an independent consulting basis pursuant to this
Contract.

C. Consultant will in his position as Consultant, and, in particular, in
developing proprietary technology for Company, have access to confidential and
highly sensitive business information and trade secrets, including, without
limitation, information concerning Company's proprietary technology and
intellectual property, both patented and under development. As a material
inducement for Company to enter into this Contract, Consultant will agree to the
restrictions set forth herein concerning competition with, and confidential
information of, Company.

                                   WITNESSETH:

That for and in recognition of the good and valuable consideration exchanged by
and between the parties, the receipt and sufficiency of which is hereby
acknowledged, and the mutual covenants set forth below, and intending to be
bound legally, Consultant and Company agree as follows:

         1.       RECITATIONS. The foregoing recitals are true and correct and
                  are hereby incorporated by reference.

         2.       TERMINATION OF EMPLOYMENT; RETENTION AS CONSULTANT. As of the
                  Effective Date:

                  a.       Company and Consultant hereby terminate the
                           Employment Agreement. Consultant hereby waives its
                           right to salary, bonuses and other benefits under the
                           Employment Agreement that Company has not paid,
                           including, without limitation, all unpaid salary
                           deferred under the Employment Agreement and all
                           unpaid bonuses.

                  b.       Company retains Consultant as a consultant to
                           provide, and Consultant agrees to provide, the
                           consulting services set forth in Section 3 hereof.

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         3.       CONSULTING SERVICES. During the Term (defined below):

                  a.       Consultant shall provide consulting services and
                           advise Company with respect to: (i) product
                           development; and (ii) existing and new technology, to
                           enhance the product line of Company.

                  b.       Consultant shall, in his reasonable discretion to the
                           extent he determines such advice is necessary or
                           appropriate, provide consulting services and advise
                           Company with respect to: (i) management, marketing,
                           customer relations and manufacturing alliances; and
                           (ii) the development of new markets, to enhance the
                           product line of Company.

                  c.       Consultant shall report and provide his consulting
                           advice directly to Company's Chief Executive Officer
                           ("CEO") or such other corporate officer(s) as
                           directed by the CEO, on a regular basis and as
                           requested. Upon request of the CEO or Board of
                           Directors of the Company ("BOARD"), Consultant shall
                           also report to the Board.

                  d.       Consultant is an independent contractor and not an
                           employee of Company. Accordingly, Consultant:

                           (i)      shall not: (A) have the authority to enter
                                    into any agreement or arrangement of any
                                    nature (1) on behalf of Company; or (2) that
                                    would bind Company; or (3) that would commit
                                    Company to expend any funds; or (B) hold
                                    himself out as authorized to negotiate,
                                    approve, or enter into any agreement or
                                    arrangement on behalf of Company, or as
                                    having any position with Company other than
                                    an independent consultant of Company;
                                    except, and only to the extent, he has the
                                    express prior written consent of the CEO
                                    granting him such authority as to a
                                    particular contract, agreement or
                                    arrangement, in which case his authority
                                    shall not extend beyond the scope of such
                                    authority stated in the CEO's written
                                    consent nor shall it extend beyond the
                                    contract, agreement or arrangement and
                                    parties indicated in such prior written
                                    consent; and

                           (ii)     shall be solely responsible for the manner
                                    and method of the performance of the
                                    services hereunder and his own expenses,
                                    except to the extent expenses are
                                    specifically stated herein as reimbursable
                                    by Company.

         4.       TERM.

                  a.       Subject to the later provisions of this Contract,
                           Consultant's retention is for a term of three (3)
                           years commencing on the Effective Date and expiring
                           on the third year's anniversary thereof ("THIRD
                           ANNIVERSARY").

                  b.       After each year's anniversary of the Effective Date
                           (each, an "ANNIVERSARY"), the Board of Directors of
                           Company ("BOARD") shall evaluate Consultant's
                           performance with Consultant under this Contract,
                           which evaluation shall include how Consultant's
                           services provided hereunder have advanced the Company
                           and its business and an evaluation of the working
                           relationship between the Consultant and the CEO. If
                           the Board shall determine, based on such evaluation,
                           that it is in the best interests of Company to
                           terminate this Contract, then the Board may terminate
                           this Contract and notify Consultant thereof in
                           writing within thirty (30) days after the end of such
                           Anniversary.

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                  c.       If Consultant remains engaged under this Contract on
                           the Third Anniversary, and if as of the Third
                           Anniversary the Company's earnings before interest
                           and taxes ("EBIT") for the Company's fiscal quarter
                           immediately preceding the Third Anniversary is at
                           least three million dollars ($3,000,000), then this
                           Contract may be renewed at the option of Consultant
                           for an additional period of twelve months. Consultant
                           and Company acknowledge that the EBIT requirement in
                           the preceding sentence is not a performance
                           requirement for Consultant, who is not an employee of
                           Company, but is only an objective standard against
                           which it is agreed that Company will measure its
                           ability to afford renewal of this Contract. The
                           determination of EBIT shall be made by the Board
                           based on the Company's financial statements prepared
                           for its quarterly report to shareholders.

                  d.       The period from the Effective Date of this Contract
                           until its termination or expiration is herein
                           referred to as the "TERM".

         5.       COMPENSATION.

                  a.       Base Consulting Fee.

                           (i)      Consultant shall be entitled to receive from
                                    Company a base consulting fee ("BASE
                                    CONSULTING FEE") per Year (a "YEAR" shall
                                    mean the 12 consecutive months following the
                                    Effective Date or following any subsequent
                                    year's Anniversary of the Effective Date),
                                    payable on the first day of each month, in
                                    arrears. The Base Consulting Fee for each
                                    Year shall be as follows: Year 1 - $200,000;
                                    Year 2 - $225,000; Year 3 - $250,000; Year 4
                                    - $250,000.

                           (ii)     Consultant acknowledges that at the time of
                                    entry into this Contract, Company is not in
                                    a financial position to pay the Base
                                    Consulting Fee, and, accordingly, Consultant
                                    agrees that from the date of this Contract
                                    and for so long as Company lacks adequate
                                    cash flow from operations to pay in full the
                                    Base Consulting Fee then due, plus salary
                                    and amounts due vendors and creditors and
                                    its other current obligations, plus
                                    long-term obligations to the extent
                                    currently due, plus overdue and defaulted
                                    obligations, then Company may defer payment
                                    of the Base Consulting Fee (the deferred
                                    amount, the "DEFERRED FEE"). Notwithstanding
                                    the foregoing sentence:

                                    (A)      The Base Consulting Fee shall not
                                             be deferred unless the salaries of
                                             Company's officers ("officers"
                                             meaning Chief Executive Officer,
                                             Chief Financial Officer, President,
                                             Secretary and Treasurer) then
                                             payable are deferred in the same
                                             proportion as the Base Consulting
                                             Fee then payable is deferred; the
                                             parties acknowledge that Consultant
                                             is not an employee of Company, and
                                             this provision is not intended to
                                             imply otherwise, but is a
                                             concession by Company granted to
                                             induce Consultant to accept the
                                             Company's right to defer the Base
                                             Consulting Fee; and

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                                    (B)      Company's right to defer the Base
                                             Consulting Fee expires on the first
                                             Anniversary of the Effective Date,
                                             and thereafter Company shall pay
                                             Consultant the Deferred Fee in
                                             equal monthly installments, payable
                                             on the first day of each month,
                                             during the twelve (12) months
                                             following the First Anniversary.

                  b.       Deductions. Consultant shall be solely responsible to
                           pay all Social Security, Federal, State and municipal
                           taxes and charges as may now or hereafter be enacted
                           or required on account of the compensation of
                           Consultant, and Consultant shall not require or rely
                           upon Company to withhold and pay such taxes from the
                           fees hereunder. However, Company may, in its
                           discretion, but shall not be required, to withhold
                           taxes from payments required to be paid hereunder in
                           the event Company determines that it is required to
                           withhold and pay over such taxes to the relevant
                           taxing authorities.

                  c.       Expenses. Subject to, and conditioned upon, (i)
                           Consultant following the appropriate procedures for
                           pre-approval (i.e., all expenditures that exceed
                           $1,000 per expenditure, or that would cause
                           expenditures by Consultant during any Year to exceed
                           $5,000 in the aggregate, must be pre-approved in
                           writing by the CEO) and (ii) verification of
                           Consultant's expenses in such manner as is
                           established by Company, Consultant shall be
                           reimbursed for expenses incurred by Consultant
                           required to perform his consulting duties, travel
                           reimbursement if travel is required by Company, and
                           other reasonable expenses directly relating to the
                           performance of consulting services under this
                           Contract (collectively, "REIMBURSABLE EXPENSES").

                  d.       Options. Upon execution of this Contract, Company
                           shall grant Consultant options to acquire three
                           million (3,000,000) shares of the Company's common
                           stock at an exercise price of one dollar and thirty
                           cents ($1.30) per share (the "OPTIONS"), exercisable
                           at any time prior to the date that is the tenth
                           year's anniversary of the Effective Date ("TENTH
                           ANNIVERSARY") by delivery of written notice of
                           exercise to Company and payment of $1.30 per share
                           for the shares purchased upon such exercise. The
                           options are fully vested as of the Effective Date and
                           survive termination of this Contract for any reason.

         6.       AGREEMENTS CONCERNING PERSONNEL, FACILITIES, EQUIPMENT AND
                  RELATED MATTERS.

                  a.       Facilities, Equipment, Supplies and Personnel. During
                           the Term, for a fee of Two Hundred Fifty Dollars
                           ($250.00) per month due from Consultant on or before
                           the first day of each month, Company shall provide
                           Consultant with access to those facilities, equipment
                           and personnel that the Consultant and CEO mutually
                           determine are needed for Consultant to provide
                           consulting services under this Agreement, including:

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                           (i)      Use of the office at Company's premises that
                                    was provided to Consultant as an employee of
                                    the Corporation, subject to the right of
                                    Company to relocate its business offices;

                           (ii)     Use of office equipment, facilities and
                                    office supplies (this is not a requirement
                                    to purchase additional equipment, facilities
                                    or supplies, but only an agreement to allow
                                    use of those that are available at Company);
                                    and

                           (iii)    Use of telephone, fax, email, postage, copy
                                    machines, a computer and secretarial
                                    assistance.

                           The $250 monthly fee shall be deducted from the Base
                           Consulting Fee due hereunder, and in the event the
                           Base Consulting Fee is deferred, payment of such
                           monthly fee shall be deferred to the extent the Base
                           Consulting Fee is deferred.

                  b.       Consultant's Assistants. Subject to the provisions
                           for Section 6(a), Consultant may engage at his
                           expense (unless an alternative arrangement concerning
                           such expense is made with the CEO in writing) persons
                           to assist him in performing services hereunder,
                           provided that CEO approval will be needed for such
                           person to have access to Company facilities,
                           personnel or information. The CEO may require as a
                           prerequisite to such access that such person sign a
                           noncompetition and confidentiality agreement with
                           Company. Such person shall be treated as an agent of
                           Consultant bound by this Contract, and Consultant
                           shall inform such person of the necessity of
                           compliance with this Contract.

         7.       MANNER OF PERFORMANCE OF CONSULTANT'S DUTIES. Consultant's
                  duties shall be rendered at such place or places and in such
                  manner as Consultant and Company mutually determine to be
                  appropriate. Consultant shall: (i) attend various trade shows
                  only as reasonably required by Company (and if travel is
                  required by Company, the travel and related expenses shall be
                  Reimbursable Expenses); (ii) visit existing and prospective
                  customers and vendors of Company only as reasonably required
                  by Company (if travel is required by Company, the travel and
                  related expenses shall be Reimbursable Expenses); and (iii) be
                  responsible to maintain, at Consultant's expense, the
                  licenses, certifications and continuing education requirements
                  necessary to perform the consulting duties in this Contract.

         8.       COMPANY INTERESTS; RIGHTS IN TECHNOLOGY; NONCOMPETE.

                  a.       (i) Consultant shall devote such time, attention,
                           knowledge and skill as are reasonably necessary to
                           develop new products and new technology and generally
                           to perform consulting services hereunder for Company.

                           (ii) "PROPRIETARY TECHNOLOGY" means, for purposes of
                           this Contract, technology, designs, inventions,
                           products, robots, machines, property or materials
                           (collectively, "TECHNOLOGY") that meet at least one
                           of the following criteria:

                           (A) the Technology, as of the Effective Date, is used
                           by Company in its products or business; or

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                           (B) The Technology has been treated as owned by
                           Company in the filings that it has made with the U.S.
                           Securities and Exchange Commission ("SEC"); or

                           (C) the Technology is patented by Company, or Company
                           has a patent pending for it; or the Technology's
                           patent, or the right to patent it, was or hereafter
                           is assigned to Company; or

                           (D) the rights in the Technology were or hereafter
                           are purchased by Company; or

                           (E) development or improvement of the Technology was
                           or hereafter is paid for or subsidized by Company or
                           using Company resources and personnel; or

                           (F) the Technology was developed, or its development
                           was initiated, by Consultant, with Consultant's
                           assistance or under Consultant's supervision, during
                           the term of Consultant's Employment Agreement
                           (excluding, however, any Technology developed during
                           the term of the Employment Agreement that is mutually
                           determined by Consultant and the Board to be wholly
                           unrelated to the Company's business); or

                           (G) the Technology is or shall be developed, or its
                           development initiated, by Consultant, with
                           Consultant's assistance or under Consultant's
                           supervision, during the Term of this Contract
                           (excluding, however, any Technology developed during
                           the Term that is mutually determined by Consultant
                           and the Board to be wholly unrelated to the Company's
                           business); or

                           (H) the Technology is an improvement upon any
                           Technology covered by subsections (A) through (G)
                           immediately above; or

                           (I) the Technology is similar to, or performs
                           functions similar to, any Technology covered by
                           subsections (A) through (G) immediately above.

                           Proprietary Technology includes, without limitation,
                           the technology listed on Exhibit A attached hereto.

                           (iii)    Consultant acknowledges and agrees that all
                                    rights in all Proprietary Technology,
                                    including, without limitation, all patent,
                                    copyright and other intellectual property
                                    rights, are and shall belong solely to
                                    Company. Consultant hereby transfers and
                                    assigns to Company any and all rights that
                                    Consultant had, has, or may hereafter have
                                    in all Proprietary Technology and all
                                    goodwill therein. Consultant agrees to
                                    execute such further assignments, filings
                                    and other documents as may be reasonably
                                    requested by Company to further ensure that
                                    all rights in all Technology belong to
                                    Company.

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                           (iv)     Consultant acknowledges and agrees that
                                    Company files reports with the SEC, and the
                                    Company's ownership of the Technology is and
                                    will be reflected in such reports.
                                    Accordingly, Consultant hereby expressly
                                    agrees with Company that Consultant shall
                                    not, for any reason, challenge Company's
                                    ownership of any Technology or Company's
                                    rights therein, and that all rights in the
                                    Technology irrevocably belong to Company. If
                                    Company shall breach this Agreement,
                                    Consultant's remedy for any such breach may
                                    include money or other damages, but shall
                                    not include the right to challenge ownership
                                    of any Technology. Company is relying upon
                                    the foregoing representations and covenants
                                    of Consultant in preparing and making its
                                    public filings with the SEC that reflect its
                                    ownership of the Technology.

                  b.       During the Term hereof and for one (1) year
                           thereafter ("NONCOMPETE PERIOD"): (i) Consultant
                           shall not be interested in any form, fashion, or
                           manner, as partner, officer, director, stockholder,
                           advisor, consultant, employee, lender, independent
                           contractor, or in any other form or capacity, in any
                           other business which is directly or indirectly
                           competitive with the business of Company; and (ii)
                           Consultant shall not assist any other person in
                           competing with Company in any way. A business shall
                           be "competitive" with that of Company if it is
                           developing, sells, rents or provides services using
                           technology that performs the same or similar
                           functions to that of Company, or if such business is
                           the same or similar to any business in which Company
                           is or has been engaged or is actively developing at
                           any time during the Noncompete Period.
                           Notwithstanding the foregoing: (A) nothing in this
                           Contract shall be deemed to restrict the activities
                           of Consultant that are not competitive with the
                           business of Company, provided that such activities do
                           not prevent the performance of consulting services
                           hereunder; (B) if Company is in default under this
                           Contract and has not cured such default within sixty
                           (60) days after Consultant gives Company written
                           notice of such default, and this Contract is
                           terminated by Consultant on account thereof, then the
                           Noncompete Period shall be limited to the Term
                           hereof, and (C) if Consultant is in default under
                           this Contract and has not cured such default within
                           sixty (60) days after Company gives Consultant
                           written notice of such default, and this Contract is
                           terminated by Company on account thereof, then the
                           Noncompete Period shall be extended for two (2) years
                           following such termination. The parties agree that
                           this noncompetition covenant is worldwide in scope,
                           because Company's business is marketed and performed
                           worldwide. If a court or arbitrator shall find the
                           terms of this Section 8(b) to be overbroad in
                           geographic scope, term or otherwise, then such court
                           or arbitrator shall modify the provisions of this
                           section to the extent necessary to cause its
                           provisions not to be overbroad. This Section 8(b) is
                           expressly enforceable by the Company's successors and
                           assigns.

         9.       CONFIDENTIALITY.

                  a.       By virtue of the services performed hereunder and
                           location of Consultant's offices on Company premises,
                           Consultant may obtain confidential or proprietary
                           information belonging or relating to Company,
                           regardless of whether any such information, data or
                           documents qualify as "trade secrets" under applicable

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                           law (collectively, all information concerning
                           Company, and its products, technology, trade secrets,
                           business, customers and suppliers, "CONFIDENTIAL
                           INFORMATION"). Confidential Information does not
                           include information that is otherwise generally
                           available to the public through no breach of this or
                           any other confidentiality agreement now, previously
                           or hereafter entered into by Consultant or any other
                           person.

                  b.       Because the secrecy of the Confidential Information
                           gives Company a significant competitive business
                           advantage, Consultant agrees not to directly or
                           indirectly disclose or use, or cause or aid in the
                           disclosure or use of, any Confidential Information
                           during or after the Term, for whatever reason,
                           including for personal use and personal benefit,
                           except: (i) as required by law; (ii) as necessary to
                           perform consulting services hereunder; and (iii) as
                           necessary to enforce the provisions of this Contract.

         10.      SURIVAL. The provisions of Section 8 and Section 9 of this
                  Contract shall survive the termination or expiration of this
                  Contract for any reason whatsoever.

         11.      SPECIFIC PERFORMANCE. Consultant agrees that any violation or
                  breach of any provision of Section 3.d, 8, 9 or 16 shall cause
                  irreparable harm to Company and cannot be adequately
                  compensated for by money damages. Consultant therefore agrees
                  that any such violation or breach may be enjoined by any court
                  of competent jurisdiction, by temporary or permanent
                  injunction, without waiving or affecting Company's claims for
                  money damages resulting from such violation or breach. All
                  remedies for any breach of this Contract shall be cumulative,
                  and not exclusive.

         12.      TERMINATION BY COMPANY. In addition the other remedies
                  available to it at law, in equity and under this Contract,
                  Company shall have the right to terminate this Contract and
                  discontinue all payments (except the Base Consulting Fee,
                  including any Deferred Fee, earned prior to the termination
                  event) to Consultant hereunder (without, in any way, affecting
                  the options granted in Section 3(d)), if any of the following
                  shall occur:

                  a.       Disability. If Consultant shall become unable to
                           perform the duties required of him because of serious
                           physical disability or other incapacity for a period
                           of ninety (90) consecutive days, Company may, upon
                           thirty (30) days written notice to Consultant,
                           terminate this Contract ("DISABILITY TERMINATION").

                  b.       Death. If Consultant shall die, then this Contract
                           shall terminate upon death without any notice or
                           further action by Company.

                  c.       Failure to Perform; Breach. Company may terminate
                           this Contract, effective upon delivery of written
                           notice of termination to Consultant, if Consultant:
                           (i) shall persistently fail to perform his duties
                           faithfully, competently, and to the best of his
                           ability for reasons other than serious physical
                           disability or other serious physical or mental
                           incapacity, and the same is not cured within sixty
                           (60) days after written notice of such failure;
                           provided, however, that Consultant shall be entitled
                           to this 60-day cure period only once within each
                           12-calendar month period, and upon any second or
                           subsequent failure to perform his duties that is a

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                           failure described in this Section 12(c)(i), Company
                           may terminate this Contract immediately without
                           providing a 60-day opportunity to cure such
                           subsequent failure; (ii) is convicted of a crime of
                           moral turpitude; or (iii) breaches this Contract and
                           the breach is not cured within sixty (60) days after
                           the giving of written notice by Company of such
                           breach.

         13.      TERMINATION BY CONSULTANT. If Company: (i) shall fail to pay
                  in a timely manner Consulting fees due hereunder (subject to
                  its deferral right) or to timely reimburse expenses that are
                  Reimbursable Expenses, and failure shall continue for a period
                  of sixty (60) days after written notice thereof shall have
                  been given to Company by Consultant; or (ii) shall file, or
                  have filed against it, a petition seeking relief, or the
                  granting of relief, under the Federal Bankruptcy Code or any
                  similar federal or state statute; any assignment for the
                  benefit of creditors made by Company; the appointment of a
                  custodian, receiver, liquidator or trustee for Company or any
                  property of Company, provided, however, with respect to any
                  involuntary filing against Company, Company shall have sixty
                  (60) days from the date of the filing in which to cure such
                  default by dismissal of the action; then Consultant may, in
                  addition to its remedies hereinafter provided and any other
                  remedies available to it at law or in equity, upon written
                  notice of termination delivered to Company, terminate this
                  Contract (subject to any necessary bankruptcy court approvals
                  if termination is pursuant to subsection (ii) of this
                  section).

         14.      FEES AND REIMBURSEMENTS UPON TERMINATION. Upon termination of
                  this Contract for any reason, Consultant shall be entitled to
                  the Base Consulting Fee earned prior to termination, and
                  reimbursement of expenses incurred prior to termination and
                  submitted for reimbursement no later than thirty (30) days
                  after termination; provided, however, that any amounts payable
                  under this Contract upon or after termination shall be subject
                  to offset by any amounts then owed by Consultant or his estate
                  to Company.

         15.      DATE OF TERMINATION. If termination occurs under Section 12 of
                  this Contract, then the CEO shall establish the date of
                  termination for purposes of this Contract. If termination
                  occurs under Section 13, then the date of termination shall be
                  the date that written notice of termination is delivered by
                  Consultant to Company (subject to any bankruptcy stays).

         16.      RETURN OF MATERIALS AND EQUIPMENT. Upon the termination of
                  this Contract or termination of the retention of Consultant,
                  for any reason, Consultant shall, promptly, and without
                  copying any of the same, return all materials, property,
                  equipment, and computer and other electronically stored data
                  and records entrusted to Consultant by Company, or obtained by
                  or on behalf of Consultant as an incident of his retention
                  hereunder. If Consultant dies, this obligation shall be
                  carried out by the person who is legally responsible for the
                  affairs of Consultant's estate.

         17.      NATURE OF CONTRACT. This Contract is for personal services and
                  is not assignable or transferable by Consultant. The parties
                  hereto acknowledge and agree that Consultant is an independent
                  contractor and that nothing in this Contract is intended to
                  cause Consultant to be an employee, fiduciary, agent, legal
                  representative, partner or servant of Company for any purpose
                  whatsoever. Consultant agrees that Company shall in no event
                  assume liability for or be deemed liable hereunder as a result
                  of any contract, agreement, understanding, debt or obligation
                  entered into by Consultant on Company's behalf except as
                  authorized by this Contract.

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         18.      INVALIDITY OF PRIOR AGREEMENTS; AMENDMENTS IN WRITING. This
                  Contract supersedes all prior agreements and understandings
                  between Company and Consultant and expresses the whole and
                  entire agreement between the parties with reference to
                  Consultant's retention by Company. This Contract cannot be
                  modified or changed by any oral or verbal promise by
                  whomsoever made. No amendment or modification of this Contract
                  shall be binding on either party until such written amendment
                  or modification shall be executed by the parties hereto. This
                  Contract shall be approved in writing, and it may be executed
                  in counterparts, which together shall constitute one and the
                  same instrument.

         19.      CONSTRUCTION. This Contract shall be construed as to the joint
                  and equal work product of Company and Consultant and shall not
                  be construed more favorably to either on account of its
                  drafting.

         20.      ATTORNEY'S FEES. In the event of any legal proceeding to
                  enforce any provision of this Contract, the prevailing party
                  shall be entitled to recover from the non-prevailing party all
                  costs incurred in connection therewith, including a reasonable
                  attorney's and paralegal's fee at all levels of proceedings,
                  including arbitration, appeals, bankruptcy and collections.

         21.      BINDING ARBITRATION. All differences, claims or matters of
                  dispute relating to performance of duties and/or benefits
                  arising between the parties to this Contract or connected
                  herewith shall be submitted to binding arbitration conducted
                  by a mutually acceptable arbitrator generally familiar with
                  type of business conducted by Company who shall conduct
                  binding arbitration proceedings in the manner prescribed by
                  Chapter 682, Florida Statutes. In the event of any arbitration
                  or other proceeding to enforce any provision of this Contract,
                  the prevailing party shall be entitled to recover from the
                  non-prevailing party all costs reasonably incurred in
                  connection therewith, including reasonable attorney's fees.
                  Notwithstanding this arbitration provision, Company and
                  Consultant shall be entitled to enforce any and all provisions
                  of this Contract that are enforceable by specific performance
                  in any court of competent jurisdiction by temporary or
                  permanent injunction or other equitable relief, without regard
                  to the parties' agreement to arbitrate.

         22.      SEVERABILITY. All provisions contained in this Contract are
                  severable. In the event any of them, or any portion thereof,
                  shall be held to be invalid, this Contract shall be
                  interpreted as if such invalid agreements or covenants, or
                  portions thereof, were modified or deleted to the extent
                  necessary to be valid. In addition, if a court of competent
                  jurisdiction shall find that any provision of this Contract
                  concerning noncompetition is overbroad, overlong or
                  unreasonable, such court shall modify such provision to the
                  extent necessary to protect the legitimate business interests
                  and trade secrets of Company.

         23.      BINDING EFFECT. This Contract shall be binding upon, and inure
                  to the benefit of, the parties hereto, their heirs, successors
                  and assigns; and, without limiting the generality of the
                  foregoing, its noncompete and confidentiality provisions shall
                  be enforceable by Company's successors and assigns.

                                       10
<PAGE>

         24.      GOVERNING LAW; VENUE. This Contract will be governed by and
                  construed in accordance with the internal laws of the State of
                  Florida. Venue for any action related to or arising out of
                  this Agreement shall lie in Martin County, Florida.

         25.      NOTICES. All notices, demands, requests or other
                  communications to be sent by one party to the other hereunder
                  or required by law shall be in writing and shall be deemed to
                  have been validly given or served by delivery of the same in
                  person to the intended addressee, or by depositing the same
                  with Federal Express or another reputable private courier
                  service for next business day delivery addressed to the
                  intended addressee at its address set forth on the first page
                  of this Contract, or at such other address as may be
                  designated by such party as herein provided. All notices,
                  demands and requests shall be effective upon such personal
                  delivery, or one (1) business day after being deposited with
                  the private courier service. Rejection or other refusal to
                  accept or the inability to deliver because of changed address
                  of which no notice was given as herein required shall be
                  deemed to be receipt of the notice, demand or request sent. By
                  giving to the other party hereto written notice thereof in
                  accordance with the provisions hereof, each party shall have
                  the right from time to time to change their respective
                  addresses and each shall have the right to specify as its
                  address any other address within the United States of America.
                  Copies of all notices sent to Consultant shall be provided, no
                  later than one (1) business day after given to Consultant, by
                  facsimile transmission to Robert Lee Shapiro, Esq. at (561)
                  691-0066, and notice to Mr. Shapiro shall be deemed effective
                  upon receipt of the fax confirmation of transmission.

IN WITNESS WHEREOF, the parties have executed this Contract on the date first
written above.

COMPANY:                                    ULTRASTRIP SYSTEMS, INC.

                                            By:  ____________________________

                                            Print Name: _____________________

                                            Its: _____________________________

CONSULTANT:                                 _________________________________
                                            DENNIS MCGUIRE

                                       11e Insurance Systems, Inc

Exhibit 4.1

TEDA TRAVEL GROUP INC.

2004 STOCK INCENTIVE PLAN

1.

PURPOSE.

The purpose of this Plan is to provide incentives to attract, retain and motivate eligible persons whose present and potential contributions are important to the success of the Company, its Parent and Subsidiaries, by offering them an opportunity to participate in the Company’s future performance through awards of Options, Restricted Stock and Stock Awards. Capitalized terms not defined in the text are defined in Section 2.

2.

DEFINITIONS.

As used in this Plan, the following terms will have the following meanings:

“AWARD” means any award under this Plan, including any Option, Restricted Stock or Stock Award.

“AWARD AGREEMENT” means, with respect to each Award, the signed written agreement between the Company and the Participant setting forth the terms and conditions of the Award.

“BOARD” means the Board of Directors of the Company.

“CAUSE” means any cause, as defined by applicable law, for the termination of a Participant’s employment with the Company or a Parent or Subsidiary of the Company.

“CODE” means the Internal Revenue Code of 1986, as amended.

“COMMITTEE” means the Compensation Committee of the Board.

“COMPANY” means Teda Travel Group Inc., a Delaware corporation, or any successor corporation.

“DISABILITY” means a disability, whether temporary or permanent, partial or total, as determined by the Committee.

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

“EXERCISE PRICE” means the price at which a holder of an Option may purchase the Shares issuable upon exercise of the Option.

“FAIR MARKET VALUE” means, as of any date, the value of a share of the Company’s Common Stock determined as follows:

(a)

if such Common Stock is publicly traded and is then listed on a national securities exchange, its closing price on the date of determination on the principal national securities exchange on which the Common Stock is listed or admitted to trading as reported in The Wall Street Journal;

(b)

if such Common Stock is quoted on the NASDAQ National Market, its closing price on the NASDAQ National Market on the date of determination as reported in The Wall Street Journal;

(c)

if such Common Stock is publicly traded but is not listed or admitted to trading on a national securities exchange, the average of the closing bid and asked prices on the date of determination as reported in The Wall Street Journal;

(d)

in the case of an Award made on the Effective Date, the price per share at which shares of the Company’s Common Stock are initially offered for sale to the public by the Company’s underwriters in the initial public offering of the Company’s Common Stock pursuant to a registration statement filed with the SEC under the Securities Act; or

(e)

if none of the foregoing is applicable, by the Committee in good faith.

“INSIDER” means an officer or director of the Company or any other person whose transactions in the Company’s Common Stock are subject to Section 16 of the Exchange Act.

“OPTION” means an award of an option to purchase Shares pursuant to Section 6.

“PARENT” means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if each of such corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

“PARTICIPANT” means a person who receives an Award under this Plan.

“PERFORMANCE FACTORS” means the factors selected by the Committee, in its sole and absolute discretion, from among the following measures to determine whether the performance goals applicable to Awards have been satisfied:

(a)

Net revenue and/or net revenue growth;

(b)

Earnings before income taxes and amortization and/or earnings before income taxes and amortization growth;

(c)

Operating income and/or operating income growth;

(d)

Net income and/or net income growth;

(e)

Earnings per share and/or earnings per share growth;

(f)

Total stockholder return and/or total stockholder return growth;

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(g)

Return on equity;

(h)

Operating cash flow return on income;

(i)

Adjusted operating cash flow return on income;

(j)

Economic value added; and

(k)

Individual confidential business objectives.

“PERFORMANCE PERIOD” means the period of service determined by the Committee, not to exceed five years, during which years of service or performance is to be measured for Restricted Stock Awards or Stock Awards.

“PLAN” means this Teda Travel Group, Inc. 2004 Stock Incentive Plan, as amended from time to time.

“RESTRICTED STOCK AWARD” means an award of Shares pursuant to Section 7.

“SEC” means the Securities and Exchange Commission.

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

“SHARES” means shares of the Company’s Common Stock reserved for issuance under this Plan, as adjusted pursuant to Sections 3 and 19, and any successor security.

“STOCK AWARD” means an award of Shares, or cash in lieu of Shares, pursuant to Section 8.

“SUBSIDIARY” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

“TERMINATION” or “TERMINATED” means, for purposes of this Plan with respect to a Participant, that the Participant has for any reason ceased to provide services as an employee, officer, director, consultant, independent contractor, or advisor to the Company or a Parent or Subsidiary of the Company. An employee will not be deemed to have ceased to provide services in the case of (i) sick leave, (ii) military leave, or (iii) any other leave of absence approved by the Company, provided that such leave is for a period of not more than 90 days, unless reemployment upon the expiration of such leave is guaranteed by contract or statute or unless provided otherwise pursuant to a formal policy adopted from time to time by the Company and issued and promulgated to employees in writing. In the case of any employee on an approved leave of absence, the Committee may make such provisions respecting suspension of vesting of the Award while on leave from the employ of the Company or a Subsidiary as it may deem appropriate, except that in no event may an Option be exercised after the expiration of the term set forth in the Option agreement. The Committee will have sole discretion to determine whether a Participant has ceased to provide services and the effective date on which the Participant ceased to provide services (the “TERMINATION DATE”). 

“UNVESTED SHARES” means “Unvested Shares” as defined in the Award Agreement.

“VESTED SHARES” means “Vested Shares” as defined in the Award Agreement.

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3.

SHARES SUBJECT TO THE PLAN.

3.1

Number of Shares Available. Subject to Sections 3.2 and 19, the total aggregate number of Shares reserved and available for grant and issuance pursuant to this Plan will be 3,000,000 plus Shares that are subject to: (a) issuance upon exercise of an Option but cease to be subject to such Option for any reason other than exercise of such Option; (b) an Award granted hereunder but forfeited or repurchased by the Company at the original issue price; and (c) an Award that otherwise terminates without Shares being issued. At all times the Company shall reserve and keep available a sufficient number of Shares as shall be required to satisfy the requirements of all outstanding Options granted under this Plan and all other outstanding but unvested Awards granted under this Plan.

3.2

Adjustment of Shares. In the event that the number of outstanding shares is changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company without consideration, then (a) the number of Shares reserved for issuance under this Plan, (b) the Exercise Prices of and number of Shares subject to outstanding Options, and (c) the number of Shares subject to other outstanding Awards will be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and compliance with applicable securities laws; provided, however, that fractions of a Share will not be issued but will either be replaced by a cash payment equal to the Fair Market Value of such fraction of a Share or will be rounded up to the nearest whole Share, as determined by the Committee.

4.

ELIGIBILITY.

 ISOs (as defined in Section 6 below) may be granted only to employees (including officers and directors who are also employees) of the Company or of a Parent or Subsidiary of the Company. All other Awards may be granted to employees, officers, directors, consultants, independent contractors and advisors of the Company or any Parent or Subsidiary of the Company; provided such consultants, contractors and advisors render bona fide services not in connection with the offer and sale of securities in a capital-raising transaction. 

5.

ADMINISTRATION.

5.1

Committee Authority. This Plan will be administered by the Committee or by the Board acting as the Committee. Subject to the general purposes, terms and conditions of this Plan, and to the direction of the Board, the Committee will have full power to implement and carry out this Plan. Without limitation, the Committee will have the authority to:

(a)

construe and interpret this Plan, any Award Agreement and any other agreement or document executed pursuant to this Plan;

(b)

prescribe, amend and rescind rules and regulations relating to this Plan or any Award;

(c)

select persons to receive Awards;

(d)

determine the form and terms of Awards;

(e)

determine the number of Shares or other consideration subject to Awards;

(f)

determine whether Awards will be granted singly, in combination with, in tandem with, in replacement of, or as alternatives to, other Awards under this Plan or any other incentive or compensation plan of the Company or any Parent or Subsidiary of the Company;

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(g)

grant waivers of Plan or Award conditions;

(h)

determine the vesting, ability to exercise and payment of Awards;

(i)

correct any defect, supply any omission or reconcile any inconsistency in this Plan, any Award or any Award Agreement;

(j)

determine whether an Award has been earned; and

(k)

make all other determinations necessary or advisable for the administration of this Plan.

5.2

Committee Discretion. Any determination made by the Committee with respect to any Award will be made at the time of grant of the Award or, unless in contravention of any express term of this Plan or Award, at any later time, and such determination will be final and binding on the Company and on all persons having an interest in any Award under this Plan. The Committee may delegate to one or more officers of the Company the authority to grant an Award under this Plan to Participants who are not Insiders of the Company.

6.

OPTIONS.

The Committee may grant Options to eligible persons and will determine whether such Options will be Incentive Stock Options within the meaning of the Code (“ISO”) or Nonqualified Stock Options (“NQSOS”), the number of Shares subject to the Option, the Exercise Price of the Option, the period during which the Option may be exercised, and all other terms and conditions of the Option, subject to the following:

6.1

Form of Option Grant. Each Option granted under this Plan will be evidenced by an Award Agreement that will expressly identify the Option as an ISO or an NQSO (hereinafter referred to as the “STOCK OPTION AGREEMENT”), and will be in such form and contain such provisions (which need not be the same for each Participant) as the Committee may from time to time approve, and which will comply with and be subject to the terms and conditions of this Plan.

6.2

Date of Grant. The date of grant of an Option will be the date on which the Committee makes the determination to grant such Option, unless otherwise specified by the Committee. The Stock Option Agreement and a copy of this Plan will be delivered to the Participant within a reasonable time after the granting of the Option.

6.3

Exercise Period. Options may be exercisable within the times or upon the events determined by the Committee as set forth in the Stock Option Agreement governing such Option; provided, however, that no Option will be exercisable after the expiration of ten (10) years from the date the Option is granted; and provided further that no ISO granted to a person who directly or by attribution owns more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any Parent or Subsidiary of the Company (“TEN PERCENT STOCKHOLDER”) will be exercisable after the expiration of five (5) years from the date the ISO is granted. The Committee also may provide for Options to become exercisable at one time or from time to time, periodically or otherwise, in such number of Shares or percentage of Shares as the Committee determines.

6.4

Exercise Price. The Exercise Price of an Option will be determined by the Committee when the Option is granted and may be not less than 85% of the Fair Market Value of the Shares on the date of grant; provided that: (a) the Exercise Price of an ISO will be not less than 100% of the Fair Market Value of the Shares on the date of grant; and (b) the Exercise Price of any ISO granted to a Ten Percent 

5

Stockholder will not be less than 110% of the Fair Market Value of the Shares on the date of grant. Payment for the Shares purchased may be made in accordance with Section 9 of this Plan.

6.5

Method of Exercise. Options may be exercised only by delivery to the Company of a written stock option exercise agreement (the “EXERCISE AGREEMENT”) in a form approved by the Committee, (which need not be the same for each Participant), stating the number of Shares being purchased, the restrictions imposed on the Shares purchased under such Exercise Agreement, if any, and such representations and agreements regarding Participant’s investment intent and access to information and other matters, if any, as may be required or desirable by the Company to comply with applicable securities laws, together with payment in full of the Exercise Price for the number of Shares being purchased.

6.6

Termination. Notwithstanding the exercise periods set forth in the Stock Option Agreement, exercise of an Option will always be subject to the following:

(a)

If the Participant’s service is Terminated for any reason except death or Disability, then the Participant may exercise such Participant’s Options only to the extent that such Options would have been exercisable upon the Termination Date no later than three (3) months after the Termination Date (or such shorter or longer time period not exceeding five (5) years as may be determined by the Committee, with any exercise beyond three (3) months after the Termination Date deemed to be an NQSO), but in any event, no later than the expiration date of the Options.

(b)

If the Participant’s service is Terminated because of Participant’s death or Disability (or the Participant dies within three (3) months after a Termination other than for Cause or because of Participant’s Disability), then Participant’s Options may be exercised only to the extent that such Options would have been exercisable by Participant on the Termination Date and must be exercised by Participant (or Participant’s legal representative or authorized assignee) no later than twelve (12) months after the Termination Date (or such shorter or longer time period not exceeding five (5) years as may be determined by the Committee, with any such exercise beyond (i) three (3) months after the Termination Date when the Termination is for any reason other than the Participant’s death or Disability, or (ii) twelve (12) months after the Termination Date when the Termination is for Participant’s death or Disability, deemed to be an NQSO), but in any event no later than the expiration date of the Options.

(c)

Notwithstanding the provisions in paragraph 6.6(a) above, if a Participant’s service is Terminated for Cause, neither the Participant, the Participant’s estate nor such other person who may then hold the Option shall be entitled to exercise any Option with respect to any Shares whatsoever, after Termination, whether or not after Termination the Participant may receive payment from the Company or Subsidiary for vacation pay, for services rendered prior to Termination, for services rendered for the day on which Termination occurs, for salary in lieu of notice, or for any other benefits. For the purpose of this paragraph, Termination shall be deemed to occur on the date when the Company dispatches notice or advice to the Participant that his service is Terminated.

6.7

Limitations on Exercise. The Committee may specify a reasonable minimum number of Shares that may be purchased on any exercise of an Option, provided that such minimum number will not prevent Participant from exercising the Option for the full number of Shares for which it is then exercisable.

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6.8

Limitations on ISO. The aggregate Fair Market Value (determined as of the date of grant) of Shares with respect to which ISO are exercisable for the first time by a Participant during any calendar year (under this Plan or under any other incentive stock option plan of the Company, Parent or Subsidiary of the Company) will not exceed $100,000. If the Fair Market Value of Shares on the date of grant with respect to which ISO are exercisable for the first time by a Participant during any calendar year exceeds $100,000, then the Options for the first $100,000 worth of Shares to become exercisable in such calendar year will be ISO and the Options for the amount in excess of $100,000 that become exercisable in that calendar year will be NQSOs. In the event that the Code or the regulations promulgated thereunder are amended after the Effective Date of this Plan to provide for a different limit on the Fair Market Value of Shares permitted to be subject to ISO, such different limit will be automatically incorporated herein and will apply to any Options granted after the effective date of such amendment.

6.9

Modification, Extension or Renewal. The Committee may modify, extend or renew outstanding Options and authorize the grant of new Options in substitution therefor, provided that any such action may not, without the written consent of a Participant, impair any of such Participant’s rights under any Option previously granted. Any outstanding ISO that is modified, extended, renewed or otherwise altered will be treated in accordance with Section 424(h) of the Code. The Committee may reduce the Exercise Price of outstanding Options without the consent of Participants affected by a written notice to them; provided, however, that the Exercise Price may not be reduced below the minimum Exercise Price that would be permitted under Section 6.4 of this Plan for Options granted on the date the action is taken to reduce the Exercise Price.

6.10

No Disqualification. Notwithstanding any other provision in this Plan, no term of this Plan relating to ISO will be interpreted, amended or altered, nor will any discretion or authority granted under this Plan be exercised, so as to disqualify this Plan under Section 422 of the Code or, without the consent of the Participant affected, to disqualify any ISO under Section 422 of the Code.

7.

RESTRICTED STOCK.

A Restricted Stock Award is an offer by the Company to sell to an eligible person Shares that are subject to restrictions. The Committee will determine to whom an offer will be made, the number of Shares the person may purchase, the price to be paid (the “PURCHASE PRICE”), the restrictions to which the Shares will be subject, and all other terms and conditions of the Restricted Stock Award, subject to the following:

7.1

Form of Restricted Stock Award. All purchases under a Restricted Stock Award made pursuant to this Plan will be evidenced by an Award Agreement (the “RESTRICTED STOCK PURCHASE AGREEMENT”) that will be in such form (which need not be the same for each Participant) as the Committee will from time to time approve, and will comply with and be subject to the terms and conditions of this Plan. The offer of Restricted Stock will be accepted by the Participant’s execution and delivery of the Restricted Stock Purchase Agreement and full payment for the Shares to the Company within thirty (30) days from the date the Restricted Stock Purchase Agreement is delivered to the person. If such person does not execute and deliver the Restricted Stock Purchase Agreement along with full payment for the Shares to the Company within thirty (30) days, then the offer will terminate, unless otherwise extended by the Committee.

7.2

Purchase Price. The Purchase Price of Shares sold pursuant to a Restricted Stock Award will be determined by the Committee on the date the Restricted Stock Award is granted, except in the case of a sale to a Ten Percent Stockholder, in which case the Purchase Price will be 100% of the Fair Market Value. Payment of the Purchase Price must be made in accordance with Section 9 of this Plan.

7.3

Terms of Restricted Stock Awards. Restricted Stock Awards shall be subject to such restrictions as the Committee may impose. These restrictions may be based upon completion of a 

7

specified number of years of service with the Company or upon completion of the performance goals as set out in advance in the Participant’s individual Restricted Stock Purchase Agreement. Restricted Stock Awards may vary from Participant to Participant and between groups of Participants. Prior to the grant of a Restricted Stock Award, the Committee shall: (a) determine the nature, length and starting date of any Performance Period for the Restricted Stock Award; (b) select from among the Performance Factors to be used to measure performance goals, if any; and (c) determine the number of Shares that may be awarded to the Participant. Prior to the payment of any Restricted Stock Award, the Committee shall determine the extent to which such Restricted Stock Award has been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Restricted Stock Awards that are subject to different Performance Periods and have different performance goals and other criteria.

7.4

Termination During Performance Period. If a Participant is Terminated during a Performance Period for any reason, then such Participant will be entitled to payment (whether in Shares, cash or otherwise) with respect to the Restricted Stock Award only to the extent earned as of the date of Termination in accordance with the Restricted Stock Purchase Agreement, unless the Committee determines otherwise.

8.

STOCK AWARDS.

8.1

Stock Awards. A Stock Award is an award of Shares (which may consist of Restricted Stock) for services rendered to the Company or any Parent or Subsidiary of the Company. A Stock Award may be awarded pursuant to an Award Agreement (the “STOCK AWARD AGREEMENT”) that will be in such form (which need not be the same for each Participant) as the Committee will from time to time approve, and will comply with and be subject to the terms and conditions of this Plan. A Stock Award may be awarded upon satisfaction of such performance goals as are set out in advance in the Participant’s individual Award Agreement (the “PERFORMANCE STOCK AWARD AGREEMENT”) that will be in such form (which need not be the same for each Participant) as the Committee will from time to time approve, and will comply with and be subject to the terms and conditions of this Plan. Stock Awards may vary from Participant to Participant and between groups of Participants, and may be based upon the achievement of the Company, Parent or Subsidiary and/or individual performance factors or upon such other criteria as the Committee may determine.

8.2

Terms of Stock Awards. The Committee will determine the number of Shares to be awarded to the Participant. If the Stock Award is being earned upon the satisfaction of performance goals pursuant to a Performance Stock Award Agreement, then the Committee will: (a) determine the nature, length and starting date of any Performance Period for each Stock Award; (b) select from among the Performance Factors to be used to measure the performance, if any; and (c) determine the number of Shares that may be awarded to the Participant. Prior to the payment of any Stock Award, the Committee shall determine the extent to which such Stock Awards have been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Stock Awards that are subject to different Performance Periods and different performance goals and other criteria. The number of Shares may be fixed or may vary in accordance with such performance goals and criteria as may be determined by the Committee. The Committee may adjust the performance goals applicable to the Stock Awards to take into account changes in law and accounting or tax rules and to make such adjustments as the Committee deems necessary or appropriate to reflect the impact of extraordinary or unusual items, events or circumstances to avoid windfalls or hardships.

8.3

Form of Payment. The earned portion of a Stock Award may be paid to the Participant by the Company either currently or on a deferred basis, with such interest or dividend equivalent, if any, as the Committee may determine. Payment may be made in the form of cash or whole Shares or a combination thereof, either in a lump sum payment or in installments, all as the Committee will determine.

8

9.

PAYMENT FOR SHARE PURCHASES.

9.1

Payment. Payment for Shares purchased pursuant to this Plan may be made in cash (by check) or, where expressly approved for the Participant by the Committee and where permitted by law:

(a)

by cancellation of indebtedness of the Company to the Participant;

(b)

by surrender of shares that either: (1) have been owned by Participant for more than one year and have been paid for within the meaning of  Rule 144 of the Securities Act of 1933 (and, if such shares were purchased from the Company by use of a promissory note, such note has been fully paid with respect to such shares); or (2) were obtained by Participant in the public market;

(c)

by tender of a full recourse promissory note having such terms as may be approved by the Committee and bearing interest at a rate sufficient to avoid imputation of income under Sections 483 and 1274 of the Code; provided, however, that Participants who are not employees or directors of the Company will not be entitled to purchase Shares with a promissory note unless the note is adequately secured by collateral other than the Shares;

 

(d)

by waiver of compensation due or accrued to the Participant for services rendered;

(e)

with respect only to purchases upon exercise of an Option, and provided that a public market for the Company’s stock exists:

 

(1)

through a “same day sale” commitment from the Participant and a broker-dealer that is a member of the National Association of Securities Dealers (an “NASD DEALER”) whereby the Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so purchased to pay for the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or

 

(2)

through a “margin” commitment from the Participant and a NASD Dealer whereby the Participant irrevocably elects to exercise the Option and to pledge the Shares so purchased to the NASD Dealer in a margin account as security for a loan from the NASD Dealer in the amount of the Exercise Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the Exercise Price directly to the Company; or

(f)

by any combination of the foregoing.

9.2

Loan Guarantees. The Committee may help the Participant pay for Shares purchased under this Plan by authorizing a guarantee by the Company of a third-party loan to the Participant.

10. 

WITHHOLDING TAXES.

10.1

Withholding Generally. Whenever Shares are to be issued in satisfaction of Awards granted under this Plan, the Company may require the Participant to remit to the Company an amount sufficient to satisfy federal, state and local withholding tax requirements prior to the delivery of any certificate or certificates for such Shares. Whenever, under this Plan, payments in satisfaction of Awards 

9

are to be made in cash, such payment will be net of an amount sufficient to satisfy federal, state, and local withholding tax requirements.

10.2

Stock Withholding. When, under applicable tax laws, a participant incurs tax liability in connection with the exercise or vesting of any Award that is subject to tax withholding and the Participant is obligated to pay the Company the amount required to be withheld, the Committee may allow the Participant to satisfy the minimum withholding tax obligation by electing to have the Company withhold from the Shares to be issued that number of Shares having a Fair Market Value equal to the minimum amount required to be withheld, determined on the date that the amount of tax to be withheld is to be determined. All elections by a Participant to have Shares withheld for this purpose will be made in accordance with the requirements established by the Committee and be in writing in a form acceptable to the Committee.

11.

PRIVILEGES OF STOCK OWNERSHIP.

11.1

Voting and Dividends. No Participant will have any of the rights of a stockholder with respect to any Shares until the Shares are issued to the Participant. After Shares are issued to the Participant, the Participant will be a stockholder and will have all the rights of a stockholder with respect to such Shares, including the right to vote and receive all dividends or other distributions made or paid with respect to such Shares; provided, that if such Shares are Restricted Stock, then any new, additional or different securities the Participant may become entitled to receive with respect to such Shares by virtue of a stock dividend, stock split or any other change in the corporate or capital structure of the Company will be subject to the same restrictions as the Restricted Stock; provided, further, that the Participant will have no right to retain such stock dividends or stock distributions with respect to Shares that are repurchased at the Participant’s Purchase Price or Exercise Price pursuant to Section 12.

11.2

Financial Statements. In the event the Company is subject to applicable law, rules or regulations requiring it to provide financial statements to Participants, the Company will provide financial statements to each Participant prior to such Participant’s purchase of Shares under this Plan, and to each Participant annually during the period such Participant has Awards outstanding; provided, however, the Company will not be required to provide such financial statements to Participants whose services in connection with the Company assure them access to equivalent information.

12.

TRANSFERABILITY.

Awards granted under this Plan, and any interest therein, will not be transferable or assignable by Participant, and may not be made subject to execution, attachment or similar process, other than by will or by the laws of descent and distribution. During the lifetime of the Participant an Award will be exercisable only by the Participant. During the lifetime of the Participant, any elections with respect to an Award may be made only by the Participant unless otherwise determined by the Committee and set forth in the Award Agreement with respect to Awards that are not ISOs.

13.

RESTRICTIONS ON SHARES.

At the discretion of the Committee, the Company may reserve to itself and/or its assignee(s) in the Award Agreement a right to repurchase a portion of or all Unvested Shares held by a Participant following such Participant’s Termination at any time within ninety (90) days after the later of (a) Participant’s Termination Date, or (b) the date Participant purchases Shares under this Plan. Such repurchase by the Company shall be for cash and/or cancellation of purchase money indebtedness, and the price per share shall be the Participant’s Exercise Price or the Purchase Price, as applicable.

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14.

CERTIFICATES.

All certificates for Shares or other securities delivered under this Plan will be subject to such stock transfer orders, legends and other restrictions as the Committee may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or any stock exchange or automated quotation system upon which the Shares may be listed or quoted.

15.

ESCROW; PLEDGE OF SHARES.

To enforce any restrictions on a Participant’s Shares, the Committee may require the Participant to deposit all certificates representing Shares, together with stock powers or other instruments of transfer approved by the Committee appropriately endorsed in blank, with the Company or an agent designated by the Company to hold in escrow until such restrictions have lapsed or terminated, and the Committee may cause a legend or legends referencing such restrictions to be placed on the certificates. Any Participant who is permitted to execute a promissory note as partial or full consideration for the purchase of Shares under this Plan will be required to pledge and deposit with the Company all or part of the Shares so purchased as collateral to secure the payment of Participant’s obligation to the Company under the promissory note; provided, however, that the Committee may require or accept other or additional forms of collateral to secure the payment of such obligation and, in any event, the Company will have full recourse against the Participant under the promissory note notwithstanding any pledge of the Participant’s Shares or other collateral. In connection with any pledge of the Shares, Participant will be required to execute and deliver a written pledge agreement in such form as the Committee will from time to time approve. The Shares purchased with the promissory note may be released from the pledge on a pro rata basis as the promissory note is paid.

16.

EXCHANGE AND BUYOUT OF AWARDS.

The Committee may, at any time or from time to time, authorize the Company, with the consent of the respective Participants, to issue new Awards in exchange for the surrender and cancellation of any or all outstanding Awards. The Committee may at any time buy from a Participant an Award previously granted with payment in cash, Shares (including Restricted Stock) or other consideration, based on such terms and conditions as the Committee and the Participant may agree.

17.

SECURITIES LAW AND OTHER REGULATORY COMPLIANCE.

An Award will not be effective unless such Award is in compliance with all applicable federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed or quoted, as they are in effect on the date of grant of the Award and also on the date of exercise or other issuance. Notwithstanding any other provision in this Plan, the Company will have no obligation to issue or deliver certificates for Shares under this Plan prior to: (a) obtaining any approvals from governmental agencies that the Company determines are necessary or advisable; and/or (b) completion of any registration or other qualification of such Shares under any state or federal law or ruling of any governmental body that the Company determines to be necessary or advisable. The Company will be under no obligation to register the Shares with the SEC or to effect compliance with the registration, qualification or listing requirements of any state securities laws, stock exchange or automated quotation system, and the Company will have no liability for any inability or failure to do so.

18.

NO OBLIGATION TO EMPLOY.

 Nothing in this Plan or any Award granted under this Plan will confer or be deemed to confer on any Participant any right to continue in the employ of, or to continue any other relationship with, the 

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Company or any Parent or Subsidiary of the Company or limit in any way the right of the Company or any Parent or Subsidiary of the Company to terminate Participant’s employment or other relationship at any time, with or without cause.

19.

CORPORATE TRANSACTIONS.

19.1

Assumption or Replacement of Awards by Successor. In the event of (a) a dissolution or liquidation of the Company, (b) a merger or consolidation in which the Company is not the surviving corporation (other than a merger or consolidation with a wholly-owned subsidiary, a reincorporation of the Company in a different jurisdiction, or other transaction in which there is no substantial change in the stockholders of the Company or their relative stock holdings and the Awards granted under this Plan are assumed, converted or replaced by the successor corporation, which assumption will be binding on all Participants), (c) a merger in which the Company is the surviving corporation but after which the stockholders of the Company immediately prior to such merger (other than any stockholder that merges, or which owns or controls another corporation that merges, with the Company in such merger) cease to own their shares or other equity interest in the Company, (d) the sale of substantially all of the assets of the Company, or (e) the acquisition, sale, or transfer of more than 50% of the outstanding shares of the Company by tender offer or similar transaction, any or all outstanding Awards may be assumed, converted or replaced by the successor corporation (if any), which assumption, conversion or replacement will be binding on all Participants. In the alternative, the successor corporation may substitute equivalent Awards or provide substantially similar consideration to Participants as was provided to stockholders (after taking into account the existing provisions of the Awards). The successor corporation may also issue, in place of outstanding Shares of the Company held by the Participant, substantially similar shares or other property subject to repurchase restrictions no less favorable to the Participant. In the event such successor corporation (if any) refuses to assume or substitute Awards, as provided above, pursuant to a transaction described in this Subsection 19.1, such Awards will expire on such transaction at such time and on such conditions as the Committee will determine. Notwithstanding anything in this Plan to the contrary, the Committee may provide that the vesting of any or all Awards granted pursuant to this Plan will accelerate upon a transaction described in this Section 19. If the Committee exercises such discretion with respect to Options, such Options will become exercisable in full prior to the consummation of such event at such time and on such conditions as the Committee determines, and if such Options are not exercised prior to the consummation of the corporate transaction, they shall terminate at such time as determined by the Committee.

19.2

Other Treatment of Awards. Subject to any greater rights granted to Participants under the foregoing provisions of this Section 19, in the event of the occurrence of any transaction described in Section 19.1, any outstanding Awards will be treated as provided in the applicable agreement or plan of merger, consolidation, dissolution, liquidation, or sale of assets.

19.3

Assumption of Awards by the Company. The Company, from time to time, also may substitute or assume outstanding awards granted by another company, whether in connection with an acquisition of such other company or otherwise, by either: (a) granting an Award under this Plan in substitution of such other company’s award; or (b) assuming such award as if it had been granted under this Plan if the terms of such assumed award could be applied to an Award granted under this Plan. Such substitution or assumption will be permissible if the holder of the substituted or assumed award would have been eligible to be granted an Award under this Plan if the other company had applied the rules of this Plan to such grant. In the event the Company assumes an award granted by another company, the terms and conditions of such award will remain unchanged (except that the exercise price and the number and nature of Shares issuable upon exercise of any such option will be adjusted appropriately pursuant to Section 424(a) of the Code). In the event the Company elects to grant a new Option rather than assuming an existing option, such new Option may be granted with a similarly adjusted Exercise Price.

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20.

ADOPTION AND STOCKHOLDER APPROVAL.

This Plan will become effective on the date on which it is adopted by the Board (the “EFFECTIVE DATE”). This Plan shall be approved by the stockholders of the Company within twelve (12) months before or after the date this Plan is adopted by the Board. Upon the Effective Date, the Committee may grant Awards pursuant to this Plan. In the event that stockholder approval of this Plan is not obtained within the time period provided herein, all Awards granted hereunder shall be cancelled, any Shares issued pursuant to any Awards shall be cancelled and any purchase of Shares issued hereunder shall be rescinded.

21.

TERM OF PLAN/GOVERNING LAW.

Unless earlier terminated as provided herein, this Plan will terminate ten (10) years from the date this Plan is adopted by the Board or, if earlier, the date of stockholder approval. This Plan and all agreements thereunder shall be governed by and construed in accordance with the laws of the State of California.

22.

AMENDMENT OR TERMINATION OF PLAN.

The Board may at any time terminate or amend this Plan in any respect, including without limitation amendment of any form of Award Agreement or instrument to be executed pursuant to this Plan; provided, however, that the Board will not, without the approval of the stockholders of the Company, amend this Plan in any manner that requires such stockholder approval.

23.

NONEXCLUSIVITY OF THE PLAN.

Neither the adoption of this Plan by the Board, the submission of this Plan to the stockholders of the Company for approval, nor any provision of this Plan will be construed as creating any limitations on the power of the Board to adopt such additional compensation arrangements as it may deem desirable, including, without limitation, the granting of stock options and bonuses otherwise than under this Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

24.

ACTION BY COMMITTEE.

Any action permitted or required to be taken by the Committee or any decision or determination permitted or required to be made by the Committee pursuant to this Plan shall be taken or made in the Committee’s sole and absolute discretion.

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