Document:

Exhibit
10.5

      KULICKE
AND SOFFA INDUSTRIES, INC.

      2009
EQUITY PLAN

      

      Restricted Share Unit Award
Agreement

      

      This
Restricted Share Unit Award Agreement (the “Agreement”) dated as
of ________________ (the “Award Date”) is between Kulicke and Soffa
Industries, Inc. (the “Company”) and Name (the
“Participant”) pursuant to the Kulicke and Soffa Industries, Inc. 2009 Equity Plan (the
“Plan”).  Capitalized terms that are not defined herein shall have the
same meanings given to such terms in the Plan.

      

      WHEREAS,
the Committee has authorized the grant to the Participant of Restricted Share
Units in accordance with the provisions of the Plan, a copy of which is attached
hereto; and

      

      WHEREAS,
the Participant and the Company desire to enter into this Agreement to evidence
and confirm the grant of such Restricted Share Units on the terms and conditions
set forth herein.

      

      NOW,
THEREFORE, in consideration of the mutual covenants hereinafter set forth and
for other good and valuable consideration, the legal sufficiency of which is
hereby acknowledged, the parties hereto, intending to be legally bound hereby,
agree as follows:

      

      1.           Grant of Restricted Share
Units.  The Company hereby grants to the Participant an Award
of # of units
Restricted Share Units.  Upon fulfillment of the requirements set
forth below, the Participant shall have the right to receive one share of Common
Stock of the Company (“Share”) for each earned Restricted Share
Unit.  This grant is in all respects limited and conditioned as
hereinafter provided, and is subject in all respects to the terms and conditions
of the Plan now in effect and as it may be amended from time to time (but only
to the extent that such amendments apply to outstanding grants of Restricted
Share Units).  Such terms and conditions are incorporated herein by
reference, made a part hereof, and shall control in the event of any conflict
with any other terms of this Agreement.

       

      2.           Restricted Share Unit
Vesting.  The Participant shall vest in the Restricted Share
Units granted under this Agreement (as stated in Paragraph 1) in equal
installments over a period of three years, one-third on each anniversary of the
Award Date, provided the Participant remains continuously employed through each
vesting date.

       

      3.           Delivery of Shares upon
Vesting.  For each vested Restricted Share Unit, one Share
shall be delivered to the Participant as soon as administratively practicable
following the vesting date, but no later than the fifteenth day of the third
month following the end of the calendar year in which such vesting date
occurs.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      4.           Termination of
Service. If the Participant terminates employment with the Company and
Related Corporations for any reason (including death and Disability), all
unvested Restricted Share Units at the time of such termination of employment
shall be forfeited.

       

      Notwithstanding
the foregoing, in the event of a Participant’s involuntary termination without
Cause, the Committee may, in its sole discretion, upon the occurrence of such
event, accelerate the vesting of a pro rata portion of the Restricted Share
Units which would otherwise vest on the next anniversary of the Award Date (the
“Anniversary Date”).  The pro rata portion will be calculated based on
vesting months as measured from the day of the month on which the Grant was made
to the corresponding day of each succeeding month.  The vesting date
for this purpose shall be the date of the Committee’s decision to accelerate
vesting.  There is no entitlement to such accelerated vesting and the
Committee shall exercise such discretion only in limited and special
circumstances.

       

      5.           Adjustment in
Capitalization.  In the event any stock dividend, stock split,
or similar change in the capitalization of the Company affects the number of
issued Shares such that an adjustment is required in order to preserve, or to
prevent the enlargement of, the benefits or potential benefits intended to be
made available under this Award, then the number of Restricted Share Units shall
be proportionately adjusted as provided under the terms of the
Plan.  Unless the Committee determines otherwise, the number of
Restricted Share Units subject to this Award shall always be a whole
number.

       

      6.           Certain Corporate
Transactions.  In the event of a corporate transaction (as, for
example, a merger, consolidation, acquisition of property or stock, separation,
reorganization, or liquidation), each outstanding Award shall be assumed by the
surviving or successor entity; provided, however, that in the event of a
proposed corporate transaction, the Committee may terminate all or a portion of
any outstanding Award, if it determines that such termination is in the best
interests of the Company.

       

      If the Participant will, following the
corporate transaction, be employed by or otherwise providing services to an
entity which is a surviving or acquiring entity in such transaction or an
affiliate of such an entity, the Committee may, in lieu of the action described
above with respect to outstanding Awards, arrange to have such surviving or
acquiring entity or affiliate grant to the Participant a replacement award
which, in the judgment of the Committee, is substantially equivalent to the
Award.

       

      7.           Change in
Control.  Notwithstanding any other provisions of this
Agreement, in the event a Change in Control (as defined in the Plan) occurs and
the surviving or successor entity does not agree to assume the Restricted Share
Unit Award, Shares covered by the Restricted Share Unit Award not previously
forfeited shall become fully vested and such Shares shall be delivered to the
Participant.  If the surviving or successor entity agrees to assume
the outstanding Restricted Share Unit Award and the Participant is terminated
without Cause (as defined in the Plan) prior to the twenty-four (24) month
anniversary of the Change in Control, then as of the date of such termination of
employment, Shares covered by the Restricted Share Unit Award not previously
forfeited shall become fully vested and such Shares shall be delivered to the
Participant.

       

      
        
          
          

        

        
          - 2
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      8.           Restrictions on
Transfer.  Restricted Share Units may not be sold, assigned,
hypothecated, pledged or otherwise transferred or encumbered in any manner
except by will or the laws of descent and distribution.

       

      9.           Withholding of
Taxes.  The obligation of the Company to deliver Shares shall
be subject to applicable Federal, state and local tax withholding
requirements.  The Committee may require the Participant to remit to
the Company an amount sufficient to satisfy the withholding requirements or may,
in its discretion, permit or require the Participant, subject to the provisions
of the Plan and withholding rules established by the Committee, to satisfy the
withholding tax, in whole or in part, by electing to have the Company withhold
Shares (or by returning previously acquired Shares to the
Company).  Such election must be made in compliance with and subject
to the withholding rules, and the Company may limit the number of Shares
withheld to satisfy the minimum tax withholding requirements to the extent
necessary to avoid adverse accounting consequences.

       

      10.           No Rights as a
Shareholder.  Until Shares are issued, if at all, in
satisfaction of the Company’s obligations under this Award, in the time and
manner specified above, the Participant shall have no rights as a
shareholder.

       

      11.           No Right to Continued
Employment.  Neither the execution and delivery hereof nor the
granting of the Award shall constitute or be evidence of any agreement or
understanding, express or implied, on the part of the Company or any of its
Related Corporations to employ or continue the employment of the Participant for
any period.

       

      12.           Governing
Law.  The Award and the legal relations between the parties
shall be governed by and construed in accordance with the laws of the
Commonwealth of Pennsylvania (without reference to the principles of conflicts
of law).

       

      13.           Signature in
Counterpart.  This Agreement may be signed in counterparts,
each of which shall be an original, with the same effect as if the signature
thereto and hereto were upon the same instrument.

       

      14.           Binding Effect;
Benefits. This Agreement shall be binding upon and inure to the benefit
of the Company and the Participant and their respective successors and permitted
assigns.  Nothing in this Agreement, express or implied, is intended
or shall be construed to give any person other than the Company or the
Participant or their respective successors or assigns any legal or equitable
right, remedy or claim under or in respect of any agreement or any provision
contained herein.

       

      15.           Amendment.  This
Agreement may not be altered, modified or amended except by a written instrument
signed by the Company and the Participant.

       

      16.           Sections and Other
Headings.  The section and other headings contained in this
Agreement are for reference purposes only and shall not affect the meaning or
interpretation of this Agreement.

      
        
           

        

        
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      IN WITNESS WHEREOF, the Company, by its
duly authorized officer, and the Participant has executed this Agreement in
duplicate as of the day and year first above written.

      

      
        
          
            
              	
                      KULICKE
      AND SOFFA INDUSTRIES, INC.

                    
	 
      	 
      
	
                      By:

                    	 
      
	
                      Name:   David
      J. Anderson

                    
	
                      Title:     VP
      & General Counsel

                    
	 
      	 
      
	
                      By:

                    	 
      
	
                                    Participant

                    

            

          

        

      

      
        
           

        

        
          - 4
-Exhibit
4.1

    

    2010
STOCK AWARD PLAN

    

    
      	
              1.

            	
              THE
  PLAN

            

    

    

    a) Purpose.       This
China Marine Food Group Limited 2010 Stock Award Plan (the "Plan") is intended
to benefit the stockholders of China Marine Food Group Limited (the "Company")
by providing a means to attract, retain and reward individuals who can and do
contribute to the longer-term financial success of the
Company.  Further, the recipients of stock-based awards under the Plan
should identify their success with that of the company's shareholders and
therefore will be encouraged to increase their proprietary interest in the
Company.

    

    b) Effective
Date.     To serve this purpose, the Plan will
become effective upon its approval by the affirmative vote of a majority of the
Company’s directors provided the Plan is approved by the affirmative vote of a
majority of the Company’s outstanding shares of voting securities within twelve
(12) months after such approval by the Board of Directors (the
“Board”).

    

    
      	
              2.

            	
              ADMINISTRATION

            

    

    

    a) Committee.      The
Plan shall be administered by a Committee, appointed by the Board which shall
consist of no less than two of its members, all of whom shall not be employees
of the Company (the "Committee") or by the Board; provided, however, that from
time to time the Board may assume, at its sole discretion, administration of the
Plan. Except with regard to awards to employees subject to Section 16 of the
Securities Exchange Act of 1934, the Committee may delegate certain
responsibilities and powers to any executive officer or officers selected by it.
Any such delegation may be revoked by the Committee at any time. In the event
that no Committee has been established, then all references herein to the
Committee shall refer to the Board.

    

    b) Powers and
Authority.       The Committee's
powers and authority include, but are not limited to: selecting individuals, who
are either employees of the Company and any subsidiary of the Company or other
entity in which the Company has a significant equity or other interest as
determined by the Committee, non-employee members of the Board or independent
consultants or other persons who perform services for or on behalf of the
Company, to receive awards (“Awards”); determining the types, terms and
conditions of all Awards granted, including performance and other earn out
and/or vesting contingencies; permitting transferability of Awards to eligible
third parties; interpreting the Plan’s provisions; and administering the Plan in
a manner that is consistent with its purpose. The Committee's decision in
carrying out the Plan and its interpretation and construction of any provisions
of the Plan or any award granted or agreement or other instrument executed under
it shall be final and binding upon all persons. No members of the Board shall be
liable for any action or determination made in good faith in administering the
Plan.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    c) Award
Prices.      All Awards denominated or made
in shares of common stock shares shall use as the per Share price as the fair
market value as established by the Board in good faith.  In the case
of an Incentive Stock Award, in accordance with Section 422 of the Internal
Revenue Code (the “Code”), the fair market value (the “Fair Market Value”) means
the average of the high and low sales prices of the Shares on such date on the
principal securities exchange on which such Shares are listed, or if such Shares
are not so listed or admitted to trading, the arithmetic mean of the per Share
closing bid price and closing asked price per Share on such date as quoted on
the quotation system of the OTCBB or such other market in which such prices are
regularly quoted.

    

    
      	
              3.

            	
              SHARES
      SUBJECT TO THE PLAN AND ADJUSTMENTS

            

    

    

    a) Maximum Shares Available for
Delivery.    Subject to adjustments under Section
3(c), the maximum number of Shares that may be delivered to participants and
their beneficiaries under the Plan shall be 2,800,000.   In
addition, any Shares delivered under the Plan or any prior plan of the Company
which are forfeited back to the Company because of the failure to meet an award
contingency or condition shall again be available for delivery pursuant to new
Awards granted under the Plan. Any Shares covered by an award (or portion of an
award) granted under the Plan which is forfeited or canceled, expires or is
settled in cash, including the settlement of tax withholding obligations using
Shares, shall be deemed not to have been delivered for purposes of determining
the maximum number of Shares available for delivery under the Plan. Likewise, if
any stock option is exercised by tendering Shares, either actually or by
attestation, to the Company as full or partial payment for such exercise under
this Plan or any prior plan of the Company, only the number of Shares issued net
of the Shares tendered shall be deemed delivered for purposes of determining the
maximum number of Shares available for delivery under the Plan. Further, Shares
issued under the Plan through the settlement, assumption or substitution of
outstanding Awards or obligations to grant future Awards as a condition of the
Company acquiring another entity shall not reduce the maximum number of
Shares available for delivery under the Plan. In addition, shares available for
delivery in settlement of Awards under the Plan may be increased by the Board by
the number of shares purchased or acquired by the Company using amounts
equivalent to the cash proceeds received by the Company from the exercise of
stock options, granted under any plan of the Company.

    

    b) Payment
Shares.     Subject to the overall limitation on the
number of Shares that may be delivered under the Plan, the Committee may, in
addition to granting awards under Section 4, use available Shares as the form of
payment for compensation, grants or rights earned or due under any other
compensation plans or arrangements of the Company, including those of any entity
acquired by the Company.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    c) Adjustments for Corporate
Transactions.

    

    (i)         The
Committee may determine that a corporate transaction has affected the price per
Share such that an adjustment or adjustments to outstanding Awards are required
to preserve (or prevent enlargement of) the benefits or potential benefits
intended at time of grant. For this purpose a corporate transaction will
include, but is not limited to, any stock dividend, stock split, extraordinary
cash dividend, recapitalization, reorganization, merger, consolidation,
split-up, spin-off, combination or exchange of shares, or other similar
occurrence. In the event of such a corporate transaction, the Committee shall,
in such manner as the Committee deems equitable, adjust (I) the number and kind
of shares which may be delivered under the Plan pursuant to Section 3(a) and
3(b); (II) the number and kind of shares subject to outstanding Awards; and
(III) the exercise price of outstanding stock options and stock appreciation
rights

    

    (ii)        In
the event that the Company is not the surviving company of a merger,
consolidation or amalgamation with another company, or in the event of a
liquidation or reorganization of the Company, and in the absence of the
surviving corporation's assumption of outstanding Awards made under the Plan,
the Committee may provide for appropriate adjustments and/or settlements of such
grants either at the time of grant or at a subsequent date. The Committee may
also provide for adjustments and/or settlements of outstanding Awards as it
deems appropriate and consistent with the Plan's purpose in the event of any
other change-in-control of the Company.

    

    
      	
              4.

            	
              ELIGIBILITY

            

    

    

    a)          Eligible
Persons.     All employees of the Company and
its subsidiaries (“Employees”), including Employees who are officers or members
of the Board, and members of the Board who are not Employees (“Non-Employee
Directors”) shall be eligible to participate in the Plan.  Consultants
and advisors who perform services for the Company or any of its subsidiaries
(“Key Advisors”) shall be eligible to participate in the Plan if the Key
Advisors render bona fide services to the Company or its subsidiaries, the
services are not in connection with the offer and sale of securities in a
capital-raising transaction, and the Key Advisors do not directly or indirectly
promote or maintain a market for the Company’s securities.

    

    b)          Selection of Eligible
Individuals.     The Committee shall select the
Employees, Non-Employee Directors and Key Advisors (collectively referred to as
“Eligible Individuals”) to receive grants and shall determine the number of
shares of Company Stock subject to a particular grant in such manner as the
Committee determines.  Incentive Stock Awards (as defined in Section
5(b)(i)) may not be granted to Non-Employee Directors.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              5.

            	
              TYPES
      OF AWARDS

            

    

    

    a)  General.      An
award may be granted singularly, in combination with another award(s) or in
tandem whereby exercise or vesting of one award held by a participant cancels
another award held by the participant. Subject to the limitations of Section
2(c), an award may be granted as an alternative to or replacement of an existing
award under the Plan or under any other compensation plans or arrangements of
the Company, including the plan of any entity acquired by the Company. The types
of Awards that may be granted under the Plan include:

    

               (i)
Stock
Option.       A stock option
represents a right to purchase a specified number of Shares during a specified
period at a price per Share.  A stock option may be in the form of an
incentive stock option or in another form that may or may not qualify for
favorable federal income tax treatment. The Shares covered by a stock option may
be purchased by means of a cash payment or such other means as the Committee may
from time-to-time permit, including (i) tendering (either actually or by
attestation) Shares valued using the market price at the time of exercise, (ii)
authorizing a third party to sell Shares (or a sufficient portion
thereof) acquired upon exercise of a stock option and to remit to the
Company a sufficient portion of the sale proceeds to pay for all the Shares
acquired through such exercise and any tax withholding obligations resulting
from such exercise; (iii) by converting Shares subject to options granted
hereunder having a value equal to the exercise price of the options being
exercised on such terms and conditions as the Committee determines; or (iv) any
combination of the above.

    

    (ii) Stock Appreciation
Right.       A stock appreciation
right is a right to receive a payment in cash, Shares or a combination, equal to
the excess of the aggregate market price at time of exercise of a specified
number of Shares over the aggregate exercise price of the stock appreciation
right being exercised. The longest term a stock appreciation right may be
outstanding shall be ten years.

    

    (iii)
Stock
Award.      A stock award is a grant of
Shares or of a right to receive Shares (or their cash equivalent or a
combination of both) in the future.  Except in cases of certain
terminations of employment or an extraordinary event, each stock award shall be
earned and vest and be transferable under such conditions, restrictions and
contingencies as the Committee shall determine. These may include continuous
service and/or the achievement of performance goals, as set forth in Section
7(a).

    

    (iv) Cash
Award.       A cash award is a right
denominated in cash or cash units to receive a cash payment, based on the
attainment of pre-established performance goals and, subject to a vesting period
and such other conditions, restrictions, and contingencies as the Committee
shall determine.

    

    b)  Purchase
Price.      The purchase price or the
manner in which the purchase price is to be determined for Shares under each
Award shall be determined by the Committee and set forth in the
Agreement;  provided, however, that

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (i)         the
purchase price per Share under each Incentive Stock Award (defined herein as an
Award satisfying the requirements of Section 422 of the Code and designated by
the Committee as an Incentive Stock Award) shall not be less than 100% of the
Fair Market Value of a Share on the date the Incentive Stock Award is granted
(110% in the case of an Incentive Stock Award granted to a Ten-Percent
Stockholder), provided that the exercise price of any stock option or stock
appreciation right  may not be less than 120% of such Fair Market
Value; and

    

    (ii)        the
purchase price per Share under each Nonqualified Stock Award may not be less
than the Fair Market Value of a Share on the date the Nonqualified Stock Award
is granted, provided that the exercise price of any stock option or stock
appreciation right  may not be less than 120% of such Fair Market
Value.

    

    c)  Maximum
Duration.     Awards granted hereunder shall be
for such term as the Committee shall determine, provided that an Incentive Stock
Award granted hereunder shall not be exercisable after the expiration of ten
(10) years from the date it is granted (five (5) years in the case of an
Incentive Stock Award granted to a Ten-Percent Stockholder), and a Nonqualified
Stock Award shall not be exercisable after the expiration of ten (10) years from
the date it is granted.  The Committee may, subsequent to the granting
of any Award, extend the term thereof but in no event shall the term as so
extended exceed the maximum term provided for in the preceding
sentence.

    

    
      	
              6.

            	
              AWARD
      SETTLEMENTS AND PAYMENTS

            

    

    

    a) Dividends and Dividend
Equivalents.      An award may contain the
right to receive dividends or dividend equivalent payments that may be paid
either currently or credited to a participant's account. Any such crediting of
dividends or dividend equivalents or reinvestment in Shares may be subject to
such conditions, restrictions and contingencies as the Committee shall
establish, including the reinvestment of such credited amounts in Share
equivalents.

    

    b) Payments.      Awards
may be settled through cash payments, the delivery of Shares, the delivery of
Awards in accordance with cashless exercise provisions, the granting of Awards
or combination thereof as the Committee shall determine. Any award settlement,
including payment deferrals, may be subject to such conditions, restrictions and
contingencies as the Committee shall determine. The Committee may permit or
require the deferral of any award payment, subject to such rules and procedures
as it may establish, which may include provisions for the payment or crediting
of interest, or dividend equivalents, including converting such credits into
deferred Share equivalents.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              7.

            	
              PERFORMANCE
      SHARES

            

    

    

    The Committee is authorized to grant
Performance Shares to Eligible Individuals on the following terms and
conditions:

    

    a)  Performance
Period.     The Committee shall determine a
performance period (the “Performance Period”) of one or more years and
shall determine the performance objectives for grants of Shares (“Performance
Shares”).  Performance objectives may vary from Eligible Individual to
Eligible Individual and shall be based upon such performance criteria as the
Committee may deem appropriate.  Performance periods may overlap
and Eligible Individuals may participate simultaneously with respect to
Performance Shares for which different Performance Periods are
prescribed.

    

    b)  Award
Value.    At the beginning of a Performance Period,
the Committee shall determine for each Eligible Individual or group of Eligible
Individuals with respect to that Performance Period the range of number of
Shares, if any, in the case of Performance Shares which may be fixed or may vary
in accordance with such performance or other criteria specified by the
Committee, which shall be paid to an Eligible Individual as an Award if the
relevant measure of Company performance for the Performance Period is
met.

    

    c)  Significant
Events.      If during the course of a
Performance Period there shall occur significant events as determined by
the Committee which the Committee expects to have a substantial effect on a
performance objective during such period, the Committee may revise such
objectives; provided, however, that, if an
Award Agreement so provides, the Committee shall not have any discretion to
increase the amount of compensation payable under the Award to the extent such
an increase would cause the Award to lose its qualification as performance-based
compensation for purposes of Section 162m(4)(C) of the Code and the regulations
thereunder.

    

    d)  Forfeiture.     Except
as otherwise determined by the Committee, at the date of grant or
thereafter, upon termination of employment during the applicable Performance
Period, Performance Shares for which the Performance Period was prescribed shall
be forfeited; provided, however, that the
Committee may provide, by rule or regulation or in any Award Agreement, or may
determine in an individual case, that restrictions or forfeiture conditions
relating to Performance Shares will be waived in whole or in part in the event
of terminations resulting from specified causes, and the Committee may in other
cases waive in whole or in part the forfeiture of Performance
Shares.

    

    e)  Payment.       Each
Performance Share may be paid in whole Shares, or cash, or a combination of
Shares and cash either as a lump sum payment or in installments, all as the
Committee shall determine, at the time of grant of the Performance Share or
otherwise, commencing as soon as practicable after the end of the relevant
Performance Period.

    

    f)  Performance
Goals.     The performance goals that may be
used by the Committee for such Awards may consist of: operating profits
(including EBITDA), net profits, earnings per Share, profit returns and margins,
revenues, shareholder return and/or value, stock price, working capital or such
other goals as may be determined by the Committee. Performance goals may be
measured solely on a corporate, subsidiary or business unit basis, or a
combination thereof. Further, performance criteria may reflect absolute entity
performance or a relative comparison of entity performance to the performance of
a peer group of entities or other external measure of the selected performance
criteria.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    
      	
              8.

            	
              TERMS
      AND CONDITIONS APPLICABLE TO ALL
AWARDS

            

    

    

    a)  Duration.      Each
Award shall terminate on the date which is the tenth anniversary of the grant
date, unless terminated earlier as follows:

    

    (i)         If
the employment or services of an Eligible Individual terminates for any reason
other than disability (as defined by the Committee), death or cause, the
Eligible Individual may, for a period of three (3) months after such
termination, exercise his or her Award to the extent, and only to the extent,
such Award or portion thereof was vested and exercisable as of the date of the
Eligible Individual’s employment or service terminated, after which time the
Award shall automatically terminate in full.

    

    (ii)        If
an Eligible Individual’s employment or service terminates by reason of the
Eligible Individual’s disability (as determined by the Compensation Committee),
the Eligible Individual may exercise his or her Award for up to twelve (12)
months after the date of termination to the extent, and only to the extent, such
Award or portion thereof was vested and exercisable as of the date the Eligible
Individual’s employment or service terminated, after which time the Award shall
automatically terminate in full.

    

    (iii)       If
an Eligible Individual’s employment or service terminates for cause, the Award
granted to the Eligible Individual hereunder shall immediately terminate in full
and no rights thereunder may be exercised.

    

    (iv)       If
an Eligible Individual dies while employed or in the service of the Company or
an Affiliate or within the three (3) month or twelve (12) month period described
in clause (i) or (ii), respectively, of this Section 8 the Award granted to the
Eligible Individual may be exercised at any time within twelve (12) months after
the Eligible Individual’s death by the person or persons to whom such rights
under the Award shall pass by will, or by the laws of descent and distribution,
after which time the Award shall terminate in full; provided, however, that an
Award may be exercised to the extent, and only to the extent, such Award or
portion thereof was exercisable on the date of death or earlier termination of
the Eligible Individual’s services as a Director, employee, consultant or
otherwise.

    

    (v)        Upon
retirement of an Eligible Individual, Stock Award privileges shall apply to
those Shares immediately exercisable at the date of retirement.  The
Committee, however, in its discretion, may provide that any Stock Awards
outstanding but not yet exercisable may be exercised in accordance with a
schedule to be determined by the Committee.  Stock Award privileges
shall expire unless exercised within such period of time as may be established
by the Committee, but in no event later than the expiration date of the Stock
Award.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Notwithstanding clauses (ii) through
(v) above, the agreement evidencing the grant of an Incentive Stock Award or
clauses (i) through (v) with respect to Nonqualified Stock Awards (“Award
Agreement”) may, in the Committee’s sole and absolute discretion, set forth
additional or different terms and conditions applicable to Awards upon a
termination or change in status of the employment or service of an Eligible
Individual.  Such terms and conditions may be determined at the time
the employee Award is granted or thereafter.

    

    b)  Non-transferability.     No
Award (except for vested Shares) granted hereunder shall be transferable by
the Eligible Individual to whom granted except by will or the laws of descent
and distribution, and an Award may be exercised during the lifetime of such
Eligible Individual only by the Eligible Individual or his or her guardian or
legal representative.  The terms of such Award shall be final, binding
and conclusive upon the beneficiaries, executors, administrators, heirs and
successors of the Eligible Individual.

    

    c)  Method of
Exercise.     The exercise of an Award shall be
made only by a written notice delivered in person or by mail to the
Secretary or Chief Financial Officer of the Company at the Company’s principal
executive office, specifying the number of Shares to be purchased and
accompanied by payment therefore and otherwise in accordance with the Award
Agreement pursuant to which the Award was granted.  The purchase price
for any Shares purchased pursuant to the exercise of an Award shall be paid in
accordance with Section 8(e).  The Eligible Individual shall deliver
the Award Agreement evidencing the Award to the Secretary or Chief Financial
Officer of the Company who shall endorse thereon a notation of such exercise and
return such Agreement to the Eligible Individual.  No fractional
Shares (or cash in lieu thereof) shall be issued upon exercise of an Award and
the number of Shares that may be purchased upon exercise shall be rounded to the
nearest number of whole Shares.

    

    d)  Rights of Eligible
Individuals.     No Eligible Individual shall be
deemed for any purpose to be the owner of any Shares subject to any Award unless
and until (i) the Award shall have been exercised pursuant to the terms thereof,
(ii) the Company shall have issued and delivered the Shares to the Eligible
Individual and (iii) the Eligible Individual’s name shall have been entered as a
stockholder of record on the books of the Company.  Thereupon, the
Eligible Individual shall have full voting, dividend and other ownership rights
with respect to such Shares, subject to such terms and conditions as may be set
forth in the applicable agreement evidencing such Award.

    

    e)  Effect of Change in
Control.      In the event of a Change in
Control, as defined in Section 8(e), then the amount of shares that will vest in
an Eligible Person or Eligible Individual shall be
determined by the Committee.  In the event an Eligible Person’s or
Eligible Individual’s employment
or service with the Company is terminated by the Company following a Change in
Control, each Award held by the Eligible Person or Eligible Individual that was
exercisable as of the date of termination of Eligible Person’s or Eligible
Individual’s employment or service shall remain exercisable for a period ending
not before the earlier of the first anniversary of the termination of the
Eligible Person’s or Eligible Individual’s employment or service or the
expiration of the stated term of the Award.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    For the purposes of the Agreement,
“Change of Control” shall mean the occurrence of any of the following: (i) any
“person” as defined in Sections 13(d) and 14(d) of the Exchange Act other than
the persons or the group of persons in control of the Company on the date hereof
is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing
fifty percent (50%) or more of the combined voting power of the Corporation’s
then outstanding securities; (ii) within any period of two consecutive years)
not including any period prior to the effective date of this Plan) there shall
cease to be a majority of the Board comprised as follows: individuals who at the
beginning of such period constitute the Board any new director(s) whose election
was approved by a vote of at least two-thirds (2/3) of the directors then
still in office who either were directors at the beginning of the period or
whose election or nomination for election was previously so approved; (iii) the
shareholders of the Company approve a merger of, or consolidation involving, the
Company in which (A) the Company’s Common Stock, with no par value per share
(such stock, or any other securities of the Company into which such stock shall
have been converted through a reincorporation, recapitalization or similar
transaction hereinafter called “Common Stock of the Company”), is converted into
shares or securities of another corporation or into cash or other property, or
(B) the Common Stock of the Company is not converted as described in Clause (A),
but in which more than fifty percent (50%) of the Common Stock of the surviving
corporation in the merger is owned by shareholders other than those who owned
such amount prior to the merger; in each case, other than a transaction solely
for the purpose of reincorporating the Company in another jurisdiction or
recapitalizing the Common Stock of the Company; or (iv) the shareholders of the
Company approve a plan or complete liquidation of the Company, or an agreement
for the sale or disposition by the Company of all or substantially all of the
Company’s assets, either of which is followed by a distribution of all or
substantially all of the proceeds to the shareholders.

    

    f)  Limits on Incentive Stock
Options.     Except as may otherwise be
permitted by the Code, the Committee shall not grant to an Eligible
Individual incentive stock options, that, in the aggregate, are first
exercisable during any one calendar year to the extent that the aggregate fair
market value of the Common Stock, at the time the incentive stock options are
granted, exceeds $100,000.  To the extent such options exceed the
$100,000 limit, they will be treated as non-qualified options.  The
maximum number of shares to be issued shall be equal to the aggregate dollar
value of the options that are issued divided by the exercise
price.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    g)  Form of Payment Under
Awards.     Subject to the terms of the Plan and
any applicable Award Agreement, payments to be made by the Company or a
Subsidiary or Affiliate upon the grant, maturation, or exercise of an Award may
be made in such forms as the Committee shall determine at the date of grant or
thereafter, including, without limitation, cash, Shares, or other property, and
may be made in a single payment or transfer, in installments, or on a deferred
basis.  The Committee may make rules relating to installment or
deferred payments with respect to Awards, including the rate of interest to be
credited with respect to such payments.

    

    
      	
              9.

            	
              PLAN
      AMENDMENT AND TERMINATION

            

    

    

    a) Amendments.     The
Board may amend this Plan as it deems necessary and appropriate to better
achieve the Plan's purpose provided, however, that: (i) the Share and other
Award limitations set forth in Sections 3(a) and 3(b) cannot be increased and
(ii) the minimum stock option and stock appreciation right exercise prices set
forth in Sections 2(c) and 5(b) and (c) cannot be changed unless such a plan
amendment is properly approved by the Company's stockholders.

    

    b) Plan Suspension and
Termination.     The Board may suspend or
terminate this Plan at any time. Any such suspension or termination shall not of
itself impair any outstanding award granted under the Plan or the applicable
participant's rights regarding such award.

    

    
      	
              10.

            	
              MISCELLANEOUS

            

    

    

    a) No Individual
Rights.     No person shall have any claim or
right to be granted an award under the Plan. Neither the Plan nor any action
taken hereunder shall be construed as giving any employee or other person any
right to continue to be employed by or to perform services for the Company, any
subsidiary or related entity. The right to terminate the employment of or
performance of services by any Plan participant at any time and for any reason
is specifically reserved tithe employing entity.

    

    b) No
Trust.      The Plan shall not create (or
be construed to create) a trust or a separate fund or funds. The Plan shall not
establish any fiduciary relationship between the Company and any participant or
beneficiary of a participant. To the extent any person holds any obligation of
the Company by virtue of an award granted under the Plan, such obligation
shall merely constitute a general unsecured liability of the Company and
accordingly shall not confer upon such person any right, title or interest in
any assets of the Company.

    

    c) Other Benefit and
Compensation
Programs.       Unless otherwise
specifically determined by the Committee, settlements of Awards received by
participants under the Plan shall not be deemed a part of a participant's
regular, recurring compensation for purposes of calculating payments or benefits
from any Company benefit plan or severance program as may be established by the
Company. Further, the Company may adopt other compensation programs, plans or
arrangements as it deems appropriate.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    d) No Fractional
Shares.      No fractional Shares shall be
issued or delivered pursuant to the Plan or any Award, and the Committee shall
determine whether cash shall be paid or transferred in lieu of any fractional
Shares, or whether such fractional Shares or any rights thereto shall be
canceled.

    

    e) Governing
Law.      The validity, construction and
effect of the Plan and any Award, agreement or other instrument issued under it
shall be determined in accordance with the laws of the state of Nevada without
refere

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