Document:

exv10w8

EXHIBIT 10.8

SECURITIES ESCROW AGREEMENT

     This Securities Escrow Agreement (this “Agreement”) is made as of                     , 2008, by
and among Sidhu Special Purpose Capital Corp., a Delaware corporation (the “Company”), WNH
Holdings, LLC, a Pennsylvania limited liability company (the “Sponsor”), and Mellon Investor
Services LLC, a New Jersey limited liability company (the “Escrow Agent”).

     WHEREAS, the Company has entered into an Underwriting Agreement, dated                     , 2008 (the “Underwriting Agreement”), with Maxim Group LLC acting as representative of the several
underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the
Underwriters have agreed to purchase 9,000,000 units, with an option to purchase an additional
1,350,000 units solely to cover over allotments (the “Units”), of the Company’s securities in
connection with the Company’s initial public offering (the “IPO”) of units. Each Unit consists of
one share of the Company’s common stock, par value $0.0001 per share (“Common Stock”), and one
warrant (a “Warrant”) exercisable to purchase one share of Common Stock, all as more fully
described in the Company’s final Prospectus dated                     , 2008, comprising part
of the Company’s Registration Statement on Form S-1 (File No. 333-149504) under the Securities Act
of 1933, as amended (the “Registration Statement”), declared effective on                     ,
2008 (the “Effective Date”);

     WHEREAS,
the Sponsor purchased 150 shares of Common Stock on October 10, 2007 (the “Original
Shares”); and

     WHEREAS, on February 27, 2008, the Company declared a 28,750 for one stock split which
resulted in the issuance of an additional 4,312,350 shares of Common Stock to the Sponsor;

     WHEREAS, on July 11, 2008, the Company declared a 0.6 for one reverse stock split which
resulted in the number of outstanding Original Shares being 2,587,500 (the “Initial Shares”); and

     WHEREAS, the Sponsor has agreed to purchase 4,252,000 Units for $10.00 per Unit (the “Sponsor
Units” and together with the Initial Shares, the “Escrow Securities”) immediately prior to the
closing of the IPO;

     WHEREAS, the Company and the Sponsor have entered into that certain Sponsor Share Purchase
Agreement, dated as of February 29, 2008, as amended and restated on July 11, 2008 (the “Share
Purchase Agreement”), and the Company and the Sponsor have entered into that certain Sponsor Unit
Purchase Agreement, dated as of July 11, 2008 (the “Sponsor Unit Purchase Agreement” and, together
with the Share Purchase Agreement, the “Purchase Agreements”);

     WHEREAS, the Sponsor has agreed as a condition of the Underwriters’ obligation to purchase the
Units pursuant to the Underwriting Agreement to deposit the Initial Shares and Sponsor Units in
escrow as hereinafter provided; and

     WHEREAS, the Company and the Sponsor desire that the Escrow Agent accept the Escrow
Securities, in escrow, to be held and disbursed as hereinafter provided.

 

 

     NOW, THEREFORE, in consideration of the premises and mutual covenants, representations and
warranties contained herein and intending to be legally bound hereby, the parties hereto agree as
follows:

     Section 1. Appointment of Escrow Agent. The Company and the Sponsor hereby appoint the Escrow
Agent to act in accordance with and subject to the terms of this Agreement and the Escrow Agent
hereby accepts such appointment and agrees to act expressly in accordance with and subject to such
terms.

     Section 2. Deposit of Escrow Securities.

          2.1. Initial Shares. On or before the Effective Date, the Sponsor shall have delivered to the
Escrow Agent certificates representing the Initial Shares, which certificates shall remain in the
name of the Sponsor, to be held and disbursed subject to the terms and conditions of this
Agreement. The Sponsor acknowledges that the certificates representing the Initial Shares are
legended to reflect the deposit of such Initial Shares under this Agreement.

          2.2. Sponsor Units. Promptly following the consummation of the IPO, of which the Escrow Agent
shall be notified in writing, the Sponsor shall deliver to the Escrow Agent certificates
representing the Sponsor Units, which certificates shall remain in the name of the Sponsor, to be
held and disbursed subject to the terms and conditions of this Agreement. The Sponsor acknowledges
that the certificates representing the Sponsor Units are legended to reflect the deposit of such
Sponsor Units under this Agreement.

     Section 3. Disbursement of the Escrow Securities. 

          3.1
Disbursement.
The Escrow Agent shall hold (a) the Initial
Shares until the date that is twelve (12) months after the date of consummation of a Business
Combination by the Company, of which the Escrow Agent shall be notified in writing, (the “Initial
Shares Escrow Period”), on which date the Escrow Agent shall, upon written instructions from the
Company or counsel to the Company (provided that the Company has identified such counsel in writing
prior to such event), disburse the Initial Shares to the Sponsor or its permitted transferees and
(b) the Sponsor Units until the date of consummation of a Business Combination by the Company, of
which the Escrow Agent shall be notified in writing, (the “Sponsor Units Escrow Period”), on which
date the Escrow Agent shall, upon written instructions from the Company or counsel to the Company
(provided that the Company has identified such counsel in writing prior to such event), disburse
the Sponsor Units to the Sponsor or its permitted transferees; provided, however, that if
the Escrow Agent is notified in writing by the Company pursuant to Section 6.7 hereof, that the
Company is being liquidated at any time during either the Initial Shares Escrow Period or the
Sponsor Units Escrow Period, then the Escrow Agent shall promptly destroy the certificates
representing the Escrow Securities; provided further, that if, after the Company
consummates a Business Combination, the Company (or the surviving entity) subsequently consummates
a liquidation, merger, stock exchange, asset or stock acquisition, exchangeable share transaction,
joint venture or other similar transaction which results in all of the Company’s stockholders
having the right to exchange their shares of Common Stock for cash, securities or other property,
then the Escrow Agent will, upon receipt of a certificate not less than two (2) business days prior to the consummation of such
transaction, executed by the Chief Executive Officer or Chief Financial Officer of the Company, in
form reasonably acceptable to the Escrow Agent (a “Confirmation Notice”), certifying that such

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transaction is then being consummated, release the Escrow Securities to the Sponsor upon
consummation of the transaction so that it can similarly participate. The Escrow Agent will act as
soon as reasonably possible following receipt of the Confirmation Notice, but no later than two (2)
business days after receipt of the Confirmation Notice. If the Escrow Agent performs in accordance
with the provisions of the preceding sentence, the Escrow Agent shall not have any liability for
any delay in releasing the Escrow Securities. The Escrow Agent shall have no further duties under
this Section 3 after the disbursement or destruction of the Escrow Securities in accordance with
this Section 3.

          3.2 Forfeiture of Initial Shares and Sponsor Units.

               (a) Notwithstanding the provisions of Section 3.1, if and to the extent that the Underwriters
in the IPO do not exercise all or a portion of their option to purchase up to 1,350,000 additional
Units for the purpose of covering over-allotments (the “Over-Allotment Option”), the Sponsor and
any transferee of any of the Initial Shares will forfeit and return to the Company for cancellation
a number of Initial Shares (the “Forfeited Shares”) to be calculated by multiplying 387,500 by the
percentage of the Over-Allotment Option that remains unexercised as of the earlier of (i) the
expiration date of the Over-Allotment Option, and (ii) the earlier termination thereof. The
Company shall give prompt written notice to the Escrow Agent of the number of Forfeited Shares
after the earlier to occur of (i) the expiration date of the Over-Allotment Option, and (ii) the
earlier termination thereof. The Escrow Agent shall deliver to the Company for cancellation any
Forfeited Shares and shall not release such Forfeited Shares from escrow. The Escrow Agent shall
be fully protected in relying on such notice from the Company and shall have no obligation or duty
to investigate as to the accuracy of the Company’s calculation of the number of the Forfeited
Shares.

               (b) Notwithstanding the provisions of Section 3.1, if the Company fails to enter into a
letter of intent or definitive agreement with respect to an acquisition candidate, which by itself
does not have to satisfy the requirements of a Business Combination, within 12 months after the
date of the final prospectus used in connection with the IPO, then the Sponsor will forfeit such
number of the Initial Shares so that the remaining Initial Shares will represent no more than 17.5%
of the aggregate number of Initial Shares and shares of common stock issued in the IPO (the
“Additional Forfeited Shares”). The Company shall give written notice to the Escrow Agent of the
number of Additional Forfeited Shares within five (5) business days after the date that is 12
months after the date of the final prospectus used in connection with the IPO. The Escrow Agent
shall be fully protected in relying on such notice from the Company and shall have no obligation or
duty to investigate as to the accuracy of the Company’s calculation of the number of the Additional
Forfeited Shares.

     Section 4. Rights of Sponsor in Escrow Securities.

          4.1. Voting Rights as a Stockholder. Subject to the terms of the Insider Letter described in
Section 4.4 hereof, and except as herein provided, the Sponsor
and/or its Permitted Transferees as described in Section 4.3
below shall retain all of its or their rights as a
stockholder of the Company during the applicable Escrow Period to
vote its or their Escrow Securities.

          4.2. Dividends and Other Distributions in Respect of the Escrow Securities. During the
applicable Escrow Period, the Company shall pay all dividends payable in cash with respect to the
Escrow Securities to the holder of the Escrow Securities, but all dividends payable in stock or
other non-cash property (the “Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold
in accordance with the terms of this Agreement.

     As used herein, references to the term “Escrow Securities” shall be deemed to include the
Non-Cash Dividends distributed thereon, if any.

          4.3. Restrictions on Transfer. During the applicable Escrow Period, no sale, transfer or
other disposition may be made of any or all of the Sponsor Units or Initial Shares, except, in each
case, (a) with respect to a Sponsor that is a legal entity, officer, director, shareholder, or
member of the Sponsor to any legal entity controlling, controlled by or under common control with,
such Sponsor, and (b) with respect to a Sponsor or a permitted transferee who is an individual, (i)
by gift to a member of Sponsor’s immediate family or to a trust, the beneficiary of which is the Sponsor or
a person related to a Sponsor by blood, marriage or adoption (ii) by virtue of the laws of descent
and distribution upon death of any Sponsor or permitted transferee, or (iii) pursuant to a
qualified domestic relations order; provided, however, that such permitted transfers may be
implemented only upon the respective transferee’s written agreement to be bound by the terms and
conditions of this Agreement and of the Insider Letter signed by the Sponsor transferring the
Escrow Securities. During the applicable Escrow Period, the Sponsor shall not (i) pledge or grant
a security interest in, or any option or other right to acquire, his, her or its Sponsor Units or
Initial Shares, or (ii) grant a security interest in his, her or its rights under this Agreement.
Any request to the Escrow Agent to transfer Escrow Securities in accordance with this Section 4.3
shall be accompanied by a certificate of the transferor stating that such request is in compliance
with this Section 4.3, upon which the Escrow Agent may conclusively rely.

          4.4. Insider Letters. The Sponsor has executed a letter agreement with Maxim Group LLC and
the Company, dated as indicated on Exhibit A hereto, and which is filed as an exhibit to the
Registration Statement (each, an “Insider Letter”), respecting the rights and

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obligations of the
Sponsor in certain events, including, but not limited to, the liquidation of the Company.

     Section 5. Concerning the Escrow Agent.

          5.1. (a) The Escrow Agent shall not be
liable for any action taken or omitted by it in good
faith, and may rely conclusively and shall be
protected in acting upon any order, instruction, notice, demand, certificate, opinion or written
advice of counsel (including counsel for the Company or counsel chosen by the Escrow Agent),
statement, instrument, report or other paper or document (in each case an “Instruction”) (not only
as to its due execution and the validity and effectiveness of its provisions, but also as to the
truth and acceptability of any information therein contained) which is reasonably believed by the
Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The
Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination
or rescission of this Agreement unless evidenced by a writing delivered to the Escrow Agent signed
by the proper party or parties and, if the duties or rights of the Escrow Agent are affected,
unless it shall have given its prior written consent thereto.

               (b) The Escrow Agent shall be under no responsibility or liability to institute, appear in
defend any action, suit or other proceedings of any kind, or to take any other action likely to
involve expense, unless and until the Company or the Sponsor shall furnish the Escrow Agent with
security and indemnity satisfactory to it for any costs and expenses which may be incurred, but
this provision shall not affect the power of the Escrow Agent to take such action as it may
consider proper, whether with or without any such security or indemnity.

               (c) The Escrow Agent will not be under any duty or responsibility to ensure compliance with
any applicable federal or state securities laws in connection with the issuance, transfer or
exchange of the Escrow Securities.

               (d) If any disagreement or dispute arises among the Company, the Escrow Agent and/or the
Sponsor concerning the meaning or validity of any provision hereunder or concerning any other
matter relating to this Agreement, or in the event the Escrow Agent believes any ambiguity or
uncertainty exists hereunder or in any notice, instruction, direction, request or other
communication, paper or document received by the Escrow Agent hereunder, the Escrow Agent may, in
its sole and absolute discretion, refrain from taking any action, and shall be fully protected and
shall not be liable in any way to any party hereto or other person or entity for refraining from
taking such action, unless the Escrow Agent receives (i) joint written instruction of the Company
and the Sponsor which eliminates such ambiguity or uncertainty to the reasonable satisfaction of
the Escrow Agent, or (ii) an order of court of competent jurisdiction.

               (e) The Escrow Agent shall have no responsibility or liability with respect to the validity of
this Agreement or with respect to the validity or execution of any Escrow
Securities; nor shall it by act hereof be deemed to make any representation or warranty as to
or be responsible or liable for the authorization or reservation of any Escrow Securities.

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               (f) The Escrow Agent and any member, stockholder, director, officer, affiliate or employee
thereof may engage or be interested in any financial or other transaction with the Company or any
party hereto or affiliate thereof, and may act on, or as depositary, trustee or agent for, any
committee or body of holders or obligations of such party or affiliate, as freely as if it were not
the Escrow Agent hereunder.

               (g) The Escrow Agent shall not take instructions or directions or be liable or responsible to
comply with any notice, instruction, direction, request or other communication, paper or document
except those Instructions given in accordance with this Agreement.

               (h) In no event shall the Escrow Agent be liable or responsible for any failure or delay in
the performance of its obligations under this Agreement arising out of or caused by, directly or
indirectly, forces beyond its reasonable control, including without limitation strikes, work
stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural
catastrophes or acts of God, and interruptions, losses or malfunctions of utilities, communications
or computer (software or hardware) services.

               (i) The Escrow Agent shall not be called upon to advise any person or entity as to any
investments with respect to any securities held in escrow hereunder or the dividends,
distributions, income, interest or earnings thereon.

               (j) Notwithstanding anything in this Agreement to the contrary, the Escrow Agent shall have no
liability or responsibility to any person or entity as a result of its inability to perform any of
its obligations under this Agreement by reason of any preliminary or permanent injunction or other
order, decree or ruling issued by a court of competent jurisdiction or by a governmental,
regulatory or administrative agency or commission, or any statute, rule, regulation or executive
order promulgated or enacted by any governmental authority prohibiting or otherwise restraining
performance of such obligation.

          5.2. Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company
from and against any costs and expenses, including reasonable fees and disbursements of one
counsel, or loss suffered by the Escrow Agent in connection with any liability, action, suit or
other proceeding involving any claim which in any way, directly or indirectly, arises out of or
relates to this Agreement, the services of the Escrow Agent hereunder, or the Escrow Securities
held by it hereunder, other than expenses or losses arising from the bad faith, gross negligence or
willful misconduct (each as determined by a final, non-appealable judgment of a court of competent
jurisdiction) of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any
demand or claim or the commencement of any action, suit or proceeding, the Escrow Agent shall
notify the other parties hereto in writing. In the event of the receipt of such notice, the Escrow
Agent, in its sole discretion, may commence an action in the nature of interpleader in an
appropriate court to determine ownership or disposition of the Escrow Securities or it may deposit
the Escrow Securities with the clerk of any appropriate court or it may retain the Escrow
Securities pending receipt of a final, non-appealable order of a court having jurisdiction over all
of the parties hereto directing to whom and under what circumstances
the Escrow Securities are to be disbursed and delivered. The provisions of this Section 5.2
shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or
5.6 below.

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          5.3. Compensation. The Escrow Agent shall be entitled to compensation from the Company for
all services rendered by the Escrow Agent hereunder as set forth on Schedule I attached hereto.
The Escrow Agent shall also be entitled to reimbursement from the Company for all reasonable
expenses and charges paid or incurred by it in the exercise, performance and administration of its
rights and duties hereunder including, but not limited to, all legal counsel, advisors’ and agents’
fees and disbursements and all taxes or other governmental charges.

          5.4. Further Assurances. From time to time on and after the date hereof, the Company, the
Sponsor and any permitted transferee shall use commercially reasonable efforts to deliver, or cause
to be delivered, to the Escrow Agent such further documents and instruments as the Escrow Agent
shall reasonably request to carry out more effectively its obligations under this Agreement, to
evidence compliance herewith or to assure itself that it is protected in acting hereunder.

          5.5. Resignation. The Escrow Agent may resign at any time and be discharged from its duties
as escrow agent hereunder by its giving the other parties hereto written notice and such
resignation shall become effective at such time that the Escrow Agent shall turn over to a
successor escrow agent appointed by the Company the Escrow Securities held hereunder. If no new
escrow agent is so appointed within the 60 day period following the giving of such notice of
resignation, the Escrow Agent may submit an application to deposit the Escrow Securities with any
court of competent jurisdiction located in the State of Delaware or the United States District
Court for the State of Delaware, provided the Escrow Agent provides notice of such deposit to the
Company and the Sponsor in accordance with Section 6.7 hereof.

          5.6. Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its
duties as escrow agent hereunder if so requested in writing at any time by the Company and the
Sponsor, jointly, provided, however, that such resignation shall become effective only upon
acceptance of appointment by a successor escrow agent or delivery of the Escrow Securities as
provided in Section 5.5.

          5.7. Liability.

               (a) Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved
from liability hereunder for its own bad faith, its own gross negligence or its own willful
misconduct (each as determined by a final, non-appealable judgment of a court of competent
jurisdiction).

               (b) The Escrow Agent shall have no duties or obligations other than those specifically set
forth in this Agreement, and in any modification or amendment hereof to which the Escrow Agent has
consented in writing, and no duties or obligations shall be implied. The Escrow Agent shall in no
circumstances be deemed to be a fiduciary to any party hereto or any other person or entity.
Without limiting the foregoing, the Escrow Agent shall not be subject to, nor be required to comply
with or determine if any person has complied with, the Underwriting
Agreement, the Registration Statement, the Purchase Agreements, or any other agreement between
or among the parties hereto or any other person or entity beyond the specific terms hereof, even
though references thereto may be made in this Agreement.

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               (c) The statements contained herein shall be deemed to be statements of the Company or the
Sponsor, as the case may be, only and the Escrow Agent assumes no liability or responsibility for
their correctness or to verify the same.

               (d) In the absence of bad faith, gross negligence or willful misconduct (each as determined by
a final, non-appealable judgment of a court of competent jurisdiction) on its part, the Escrow
Agent shall not be liable for any action taken, suffered or omitted by it or for any error of
judgment made by it in the performance of its duties under this Agreement. In no event shall the
Escrow Agent be liable or responsible for any special, punitive, incidental, indirect or
consequential loss or damage of any kind whatsoever (including but not limited to lost profits),
even if the Escrow Agent has been advised of the likelihood of the losses or damages and regardless
of the form of action.

          5.8. Waiver. The Escrow Agent hereby waives any and all right, title, interest or claim of
any kind (“Claim”) in or to any distribution of the Trust Account (as defined in the Investment
Management Trust Agreement, dated [                    ], 2008, by and between the Company and Mellon
Bank, N.A. (the “Trust Agreement”)), and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the Trust Account for any reason whatsoever; provided that
nothing in this Section 5.8 shall be deemed to prohibit payment by the Company of amounts owed to
the Escrow Agent pursuant to the terms of this Agreement from interest income permitted to be
withdrawn by the Company under the terms of the Trust Agreement.

          5.9. Survival. The provisions of Sections 5.1(b), 5.2, 5.3 and 5.7(c) shall survive the
termination of this Agreement and the resignation, removal or replacement of the Escrow Agent.

     Section 6. Miscellaneous.

          6.1. Governing Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware applicable to contracts executed in and to be performed in that
State. The parties hereto agree that any action, proceeding or claim against it arising out of or
relating in any way to this Agreement shall be brought and enforced in the courts of the State of
Delaware or the United States District Court for the State of Delaware, and the parties hereto
irrevocably submit to such jurisdiction, which jurisdiction shall be exclusive. The parties hereto
hereby waive any objection to such exclusive jurisdiction and that such courts represent an
inconvenient forum.

          6.2. Waiver of Trial by Jury. Each party hereto hereby irrevocably and unconditionally waives
the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based
on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the
transactions contemplated hereby, or the actions of the parties in the negotiation, administration,
performance or enforcement hereof.

          6.3. Third Party Consent. This Agreement and this Agreement may not be modified or changed
without the prior written consent of Maxim Group LLC, as representative of the Underwriters.

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          6.4. Entire Agreement. This Agreement contains the entire agreement of the parties hereto
with respect to the subject matter hereof and, except as expressly provided herein, may not be
changed or modified except by an instrument in writing signed by all of the parties hereto and
Maxim Group LLC.

          6.5. Headings. The headings contained in this Agreement are for reference purposes only and
shall not affect in any way the meaning or interpretation thereof.

          6.6. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the
respective parties hereto and their legal representatives, successors and assigns. Any legal entity
into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to
which it may sell or transfer all or substantially all of its shareholder services business and
assets as a whole or substantially as a whole, or any legal entity resulting from any such
conversion, sale, merger, consolidation or transfer to which the Escrow Agent is a party, shall be
and become the successor escrow agent under this Agreement and shall have and succeed to the
rights, powers, duties, obligations, immunities and privileges of the Escrow Agent. This Agreement
and the rights and obligations of the parties hereunder may not be assigned or delegated by any
party hereto without the prior written consent of each other party hereto except as provided in
Section 5.5; provided, however, that consent is not required for an assignment to an affiliate of
the Escrow Agent, notice of which shall be given to the Company.

          6.7. Notices. Any notice or other communication required or which may be given hereunder
shall be in writing and shall be sent by United States certified or registered mail (return receipt
requested, postage prepaid), by a nationally recognized commercial courier service promising next
business day delivery (such as Federal Express), or by personal delivery. Such notice or
communication shall be deemed given (a) if mailed, two business days after the date of mailing, (b)
if sent by nationally recognized commercial courier service, one business day after being sent, and
(c) if delivered personally, when so delivered, in each case as follows:

If to the Company, to:

Sidhu Special Purpose Capital Corp.

485 Madison Avenue, 20th Floor

New York, New York 10022

Attention: Jay S. Sidhu

If to the Sponsor, to the address set forth in Exhibit A.

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And if to the Escrow Agent, to:

Mellon Investor Services LLC

Newport Officer Center VII

480 Washington Blvd.

Jersey City, New Jersey 07310

Attn: Relationship Manager

With a copy to:

Mellon Investor Services LLC

Newport Officer Center VII

480 Washington Blvd.

Jersey City, New Jersey 07310

Attn: Legal Department

A copy of any notice sent hereunder shall be sent to:

Maxim Group LLC

405 Lexington Ave., 2nd Floor

New York, New York

Attn: Paul La Rosa, Managing Director

     The parties may change the persons and addresses to which the notices or other communications
are to be sent by giving written notice to any such change in the manner provided herein for giving
notice.

          6.8. Liquidation of Company. The Company shall give the Escrow Agent written notification of
the liquidation and dissolution of the Company in the event that the Company fails to consummate a
Business Combination within the time period specified in the Registration Statement.

          6.9. Counterparts. This Agreement may be executed in several counterparts, each one of which
may be delivered by facsimile transmission and each of which shall constitute an original and
together shall constitute but one instrument.

          6.10. Termination. This Agreement shall terminate on the final distribution or destruction of
all of the Escrow Securities in accordance with the terms of this Agreement.

[The remainder of this page is intentionally left blank.]

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     IN WITNESS WHEREOF, the undersigned have executed this Securities Escrow Agreement as of the
date first written above.

	 	 	 	 	 
	 	SIDHU SPECIAL PURPOSE CAPITAL CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MELLON INVESTOR SERVICES LLC,

as Escrow Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WNH HOLDINGS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

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EXHIBIT A

ESCROW SECURITIES DEPOSITED

BY SPONSOR

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Date of Insider	 	Number of Initial	 	Number of Sponsor
	Name and Address of Sponsor	 	Letter	 	Shares	 	Units
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	WNH Holdings, LLC

Center City Executive Centre

607 Washington Street

Reading, PA 19601
	 	 	 	 	 	 	2,587,500	 	 	 	4,252,000	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Attention: Joseph M. Harenza
	 	 	 	 	 	 	 	 	 	 	 	 

11-- Converted by SECPublisher 3.1.0.1, created by BCL Technologies Inc., for SEC Filing

	
EXHIBIT 4.3

	
VENTURE FINANCIAL GROUP, INC. 

2004 STOCK INCENTIVE PLAN, AS AMENDED

	
ARTICLE I 

PURPOSE OF THE PLAN

The purposes of this Stock Incentive Plan (the "Plan") are to attract, retain and provide incentive compensation to employees, non-employee directors and others who contribute to the long-term financial success of
Venture Financial Group, Inc., a Washington business corporation (the "Company") and to more closely align their interests with those of the Company and its shareholders. 

	
ARTICLE II 

DEFINITIONS

	
As used herein, the following definitions will apply:

 

	
          		
(a)      		
"Acquired Company" means any corporation or other entity that becomes a majority owned subsidiary of the Company, after the Effective Date, by merger, consolidation, acquisition of all or substantially all of its
assets or otherwise.	
	 
	
 	
(b)      		
"Authorized Shares" means the number of shares of Common Stock authorized for issuance pursuant to Section 3.1 of this Plan.	
	 
	
 	
(c)      		
"Available Shares" means the number of shares of Common Stock available under this Plan at any time for future issuance under Incentive Stock Options, Nonqualified Stock Options or Restricted Stock Grants, as provided
in Section 3.2 of this Plan.	
	 
	
 	
(d)      		
"Award" means any grant of an Incentive Stock Option, any grant of a Nonqualified Stock Option or the making of a Restricted Stock Grant pursuant to this Plan.	
	 
	
 	
(e)      		
"Board of Directors" means the Board of Directors of the Company.	
	 
	
 	
(f)      		
"Change of Control Transaction" means (i) the adoption of a plan of dissolution or liquidation with respect to the Company, (ii) the consummation of any plan of exchange, merger or consolidation with one or more
corporations in which the Company is not the surviving entity, or in which the security holders of the Company prior to such transaction do not receive in the transaction securities with voting rights with respect to the election of directors equal
to 50% or more of the votes of all classes of securities of the surviving corporation or (iii) the consummation of a sale of all of substantially all of the assets of the Company following a shareholder vote on such sale.	
	 
	
 	
(g)      		
"Committee" means any committee appointed by the Board of Directors in accordance with Article V of this Plan, or, the Board of Directors, if no such committee is then in existence.	
	 

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(h)      		
"Common Stock" means the common stock of the Company.	
	 
	
 	
(i)      		
"Company" means Venture Financial Group, Inc., and, unless the context requires otherwise, and any successor or assignee of the Company by merger, consolidation, acquisition of all or substantially all of the assets of
the Company or otherwise.	
	 
	
 	
(j)      		
"Disabled" means having a mental or physical impairment that has lasted or is expected to last for a continuous period of 12 months or more and, in the Committee's sole discretion, renders an Optionee unable to perform
the duties that were assigned to the Optionee during the 12 month period prior to such determination. The Committee's determination of the existence of an individual's disability will be effective when communicated in writing to the Optionee and
will be conclusive on all of the parties.	
	 
	
 	
(k)      		
"Employee" means any person employed by the Company or a Subsidiary of the Company.	
	 
	
 	
(l)      		
"Exercise Price" means the price per share at which shares of Common Stock may be purchased upon exercise of an Incentive Stock Option or a Nonqualified Stock Option.	
	 
	
 	
(m)      		
"Fair Market Value" with respect to shares of Common Stock for any date means:	
	 
	 	 	
1)      		
If the Common Stock is traded on a national securities exchange or on either the NASDAQ National Market or NASDAQ SmallCap Market, the "Fair Market Value" of a share of Common Stock will be the average between the
lowest and highest reported sales price of the Common Stock for such date, or if no transactions occurred on such date, on the last date on which trades occurred;	
	 
	 	 	
2)      		
If the Common Stock is not traded on a national securities exchange or on NASDAQ but bid and asked prices are regularly quoted on the OTC Bulletin Board Service, by the National Quotation Bureau or any other comparable
service, the "Fair Market Value" of a share of Common Stock will be the average between the highest bid and lowest asked prices of the Common Stock as reported by such service at the close of trading for such date or, if such date was not a business
day, on the preceding business day; or	
	 
	 	 	
3)      		
If there is no public trading of the Common Stock within the terms of subparagraphs 1 or 2 of this subsection, the "Fair Market Value" of a share of Common Stock will be as determined by the Committee in its sole
discretion.	
	 
	
 	
(n)      		
"Grantee" means any individual who receives a Restricted Stock Grant pursuant to this Plan.	
	 
	
 	
(o)      		
"Incentive Stock Option" means an option to purchase shares of Common Stock that the Committee indicates is intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue
Code and is granted under Article VI of this Plan.	
	 
	
 	
(p)      		
"Internal Revenue Code" means the Internal Revenue Code of 1986, as amended.	
	 

2

	
          		
(q)      		
"Nonqualified Stock Option" means an option to purchase shares of Common Stock that the Committee either indicates is intended to be a nonqualified stock option or indicates is not intended to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code and is granted under Article VII of this Plan.	
	 
	
 	
(r)      		
"Option Agreement" means the written agreement between the Company and an Optionee that evidences either an Incentive Stock Option or a Nonqualified Stock Option granted pursuant to this Plan. Each Option Agreement
shall be subject to the terms and conditions of this Plan.	
	 
	
 	
(s)      		
"Optionee" means any individual who is granted an Incentive Stock Option or a Nonqualified Stock Option pursuant to this Plan.	
	 
	
 	
(t)      		
"Outstanding Stock Options" means all Stock Options granted pursuant to this Plan that, at such time, have not yet expired and have not either been terminated or cancelled.	
	 
	
 	
(u)      		
"Restricted Stock Grant" means a grant of shares of Common Stock pursuant to this Plan, regardless of whether the Grantee receives the shares covered by such grant solely for services or for a combination of services
and cash payment to the Company, pursuant to a Restricted Stock Agreement.	
	 
	
 	
(v)      		
"Restricted Stock Agreement" means the written agreement between the Company and a Grantee that evidences a Restricted Stock Grant made pursuant to this Plan. Each Restricted Stock Agreement shall be subject to the
terms and conditions of this Plan.	
	 
	
 	
(w)      		
"Securities Act" means the Securities Act of 1933, as amended.	
	 
	
 	
(x)      		
"Significant Shareholder" means any person who owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any parent or subsidiary of the Company. For
purposes of this definition a person shall be considered the owner of all stock owned directly or indirectly by or for such person's siblings, spouse, ancestors and lineal descendants. In addition, stock owned, directly or indirectly, by or for a
corporation, partnership, estate or trust shall be considered as being owned proportionately by or for its shareholders, partners or beneficiaries to the extent required by Section 422 of the Internal Revenue Code.	
	 
	
 	
(y)      		
"Subsidiary" of the Company means any corporation or other entity owned or controlled by the Company in an unbroken chain of corporations or other entities in which each of the corporations or other entities other than
last corporation or other entity owns 50 percent or more of the total combined voting power of all classes of equity ownership interests in the other corporations or other entities in such chain.	
	 
	
 	
(z)      		
"Stock Option" means an Incentive Stock Option or Nonqualified Stock Option granted pursuant to this Plan.	
	 

3

	
          		
(aa)      		
"Tax Withholding" means all amounts determined by the Company to be required to satisfy applicable federal, state and local tax withholding requirements upon the exercise of a Stock Option, the disqualifying
disposition of shares of Common Stock acquired by exercise of a Stock Option, the vesting of shares under a Restricted Stock Grant, a Grantee making an election under Section 83(b) of the Internal Revenue Code with respect to a Restricted Stock
Grant or as otherwise may be required under applicable tax laws.	
	 

	
ARTICLE III 

STOCK SUBJECT TO THE PLAN

	
3.1      		
Aggregate Number of Authorized Shares. Subject to adjustment in accordance with Section 10.1, the total number of shares
of Common Stock authorized for issuance under all Awards pursuant to this Plan is 800,000 shares. All shares under the Plan, as amended, are available for Incentive Stock Options.	
	 
	
3.2      		
Number of Available Shares. At any point in time, the number of Available Shares shall be the number of Authorized Shares
at such time minus:	
	 
	 	

(a)      	
	
the number of shares of Common Stock issued prior to such time upon the exercise of Stock Options granted pursuant to this Plan; and	
	 
	 	

(b)      	
	
the number of shares covered by Outstanding Stock Options to the extent that such have not been exercised at such time; and	
	 
	 	

(c)      	
	
the number of shares of Common Stock covered by Restricted Stock Grants made pursuant to this Plan prior to such time except to the extent that unvested shares are forfeited and repurchased by the Company pursuant to
the terms of a Restricted Stock Agreement.	
	 
	 	
As a result of the foregoing, if a Stock Option expires, terminates or is cancelled for any reason without having been exercised in full, the shares of Common Stock covered by such Stock Option that were not purchased
through the exercise of such Stock Option will again become Available Shares. If shares of Common Stock covered by a Restricted Stock Grant are repurchased by the Company pursuant to the terms of a Restricted Stock Agreement, those shares will again
become Available Shares. However, shares of Common Stock used by an Optionee to satisfy any income tax withholding obligations shall nonetheless, for purposes of this Plan, be considered as having been issued pursuant to this Plan.	
	 
	
3.3      		
Reservation of Shares. Available Shares shall consist of authorized but unissued shares of Common Stock of the Company. At all times, the Company will, by appropriate
resolution of the Board of Directors, reserve for issuance shares of Common Stock equal to the sum of (i) the number of shares covered by Outstanding Stock Options to the extent that such Stock Options have not been exercised at such time and (ii)
the number of Available Shares.	
	 

4

	
3.4      		
Annual Limit on Number of Shares to Any One Person. No person will be eligible to receive Awards pursuant to this Plan which, in aggregate, exceed 15,000 shares in
any calendar year.  
However, the foregoing limitation shall not apply
to Awards of Stock Options in substitution for outstanding stock options of an
Acquired Company that are cancelled in connection with the acquisition of an
Acquired Company.

ARTICLE IV 

COMMENCEMENT AND DURATION OF THE PLAN

	
4.1      		
Effective Date of the Plan. This Plan will be effective as of the date on which it was adopted by the Board of Directors, subject to the provisions of Section
4.2.	
	 
	
4.2      		
Shareholder Approval of the Plan. Within twelve (12) months of the date on which this Plan was adopted by the Board of
Directors, this Plan will be submitted to the shareholders of the Company for their approval. This Plan will be deemed approved by the shareholders if approved by a majority of the votes cast at a duly held meeting of the Company's shareholders at
which a quorum is present in person or by proxy. Awards may be made pursuant to this Plan prior to such shareholder approval provided that such Awards are conditioned upon such approval and state by their terms that they will be null and void if
shareholder approval is not obtained.	
	 
	
4.3      		
Termination of the Plan. This Plan will terminate ten years from the date on which it was adopted by the Board of
Directors. In addition, the Board of Directors will have the right to suspend or terminate this Plan at any time. Termination of the Plan will not terminate or otherwise affect any Outstanding Stock Option, Option Agreement, Restricted Stock Grant
or Restricted Stock Agreement.	
	 

	
ARTICLE V 

ADMINISTRATION OF THE PLAN

Subject to the provisions of this Plan and any additional terms or conditions which, from time to time, may be imposed by the Board of Directors, the Committee will administer this Plan and, in its sole discretion,
will have the authority to grant Incentive Stock Options and Nonqualified Stock Options and to make Restricted Stock Grants in accordance with Articles VI, VII and IX, respectively. Notwithstanding the foregoing, in connection with the acquisition
of a corporation or entity that will become an Acquired Company, the Board of Directors shall retain (but may delegate to the Committee) the right to agree to grant Incentive Stock Options, grant Nonqualified Stock Options or make Restricted Stock
Grants in substitution for stock options granted by the Acquired Company prior to the date of such acquisition that remain outstanding and not exercised as of such date. The Committee, from time to time, may adopt rules and regulations relating to
the administration of this Plan and may seek the advice of legal, tax, accounting and compensation advisors. Decisions of the Committee with respect to the administration of this Plan, the interpretation or construction of this Plan or the
interpretation or construction of any written agreement evidencing an Award will be final and conclusive, subject only to review by the full Board of Directors. The Committee may correct any defect, supply any omission or reconcile any inconsistency
in this Plan or in any agreement evidencing an Award in the manner and to the extent it deems appropriate. The Committee may accelerate the vesting of Incentive Stock Options, Nonqualified Stock Options and Restricted Stock Grants in connection with
the occurrence of a

5

Change of Control Transaction and may do so, in whole or in part, on any basis that it determines to be appropriate. 

The Board of Directors shall appoint the members of the Committee, which shall consist of at least two directors from the Board of Directors. The appointment to the Committee of one or more directors who are not
"outside directors" as such term is defined in Treasury Regulation §1.162 -27(e)(3), one or more directors who are not "non-employee directors" as such term is defined in Rule 16b-3 issued by the Securities and Exchange Commission under Section
16 of the Securities Exchange Act of 1934, as amended, ("Rule 16b-3") or one or more directors that fail to meet the requirements for service on a compensation committee as set forth in the listing standards of the exchange or market on which the
Common Stock primarily trades shall not invalidate any of the actions of the Committee. Any member of the Committee that is not an outside director, as such term is defined, is referred to in this paragraph as an "Abstaining Director" with respect
to any action by the Committee, for which Section 162(m) of the Internal Revenue Code requires the approval of a committee consisting solely of outside directors. Any member of the Committee that is not a non-employee director, as such term is
defined, is referred to in this paragraph as an "Abstaining Director" with respect to any action by the Committee for which Rule 16b-3 requires the approval of a committee consisting solely of non-employee directors. Any member of the Committee that
fails to meet the requirements of the listing standards of the exchange or market on which the Common Stock primarily trades is referred to in this paragraph as an "Abstaining Director" with respect to any action by the Committee that requires the
approval of a committee consisting solely of directors meeting those requirements. An Abstaining Director shall be deemed to have abstained from such action (notwithstanding any statement to the contrary which may be contained in minutes of a
meeting of the Committee) and the assent of any such director shall be ignored for purposes of determining whether or not any such actions were approved by the Committee. If the Committee proposes to take an action by unanimous consent in lieu of a
meeting, an Abstaining Director shall be deemed to not be a member of the Committee for the purpose of such consent with respect to any actions for which such member is deemed to be an Abstaining Director. 

If no Committee is appointed, the Board of Directors will have all the powers, duties and responsibilities of the Committee as set forth in this Plan. In addition, the Board of Directors may abolish a Committee and
assume the duties and responsibilities of the Committee at any time by resolution duly adopted by the Board of Directors. 

ARTICLE VI 

INCENTIVE STOCK OPTION TERMS AND CONDITIONS

Incentive Stock Options may be granted pursuant to this Plan in accordance with the following terms and conditions. 

	
6.1      		
Requirement for a Written Option Agreement. Each Incentive Stock Option will be evidenced by a written Option Agreement. The Committee, from time to time, will
determine the form of Option Agreement to be used for purposes of evidencing Incentive Stock Options. Except as provided in Section 6.13, the terms of every Option Agreement evidencing an Incentive Stock Option must be consistent with this Plan,
including but not limited to this Article VI. Any inconsistencies between any Option Agreement and this Plan will be resolved in accordance with	
	 

6

	 	
the terms and conditions specified in this Plan. Except as expressly required by this Article VI, the terms and conditions of each Incentive Stock Option do not need to be identical.	
	 
	
6.2      		
Who May be Granted an Incentive Stock Option. An Incentive Stock Option may be granted to any Employee who, in the judgment of the Committee, has performed or will
perform services important to the management, operation and development of the business of the Company or of one or more of its subsidiaries. The Committee, in its sole discretion, shall determine when and to which Employees Incentive Stock Options
are granted pursuant to this Plan.	
	 
	
6.3      		
Number of Shares Covered by an Incentive Stock Option. The Committee, in its sole discretion, shall determine the number of shares of Common Stock covered by each
Incentive Stock Option granted pursuant to this Plan. The number of shares covered by each Incentive Stock Option shall be specified in the Option Agreement evidencing such option.	
	 
	
6.4      		
Vesting Schedule Under an Incentive Stock Option. The Committee, in its sole discretion, shall determine whether an
Incentive Stock Option is immediately exercisable as to all of the shares of Common Stock covered by such option or whether it is only exercisable in accordance with a vesting schedule determined by the Committee. Any such vesting terms and
conditions shall be specified in the Option Agreement. Notwithstanding any term to the contrary set forth in any Option Agreement, an Incentive Stock Option granted to a person who, at the time of the grant, was an executive officer of the Company
will not become exercisable until after six (6) months from the date of such grant unless the Award was approved either by (i) a committee of non-employee directors within the requirements of Rule 16b-3 or (ii) the full Board of Directors. To the
extent that an Incentive Stock Option (together with other incentive stock options within the meaning of Section 422 of the Internal Revenue Code held by such Optionee with an equal or lower exercise price per share) purports to become exercisable
for the first time during any calendar year as to shares of Common Stock with a Fair Market Value (determined at the time of grant) in excess of $100,000, such excess shares shall be considered to be covered by a nonqualified stock option and
not an incentive stock option within the meaning of Section 422 of the Internal Revenue Code.	
	 
	
6.5      		
Exercise Price of an Incentive Stock Option. The Exercise Price for each Incentive Stock Option will be at least 100% of
the Fair Market Value of a share of Common Stock as of the date on which the Incentive Stock Option was granted. However, the Exercise Price for each Incentive Stock Option granted to an Optionee who is a Significant Shareholder will be at least
110% of the Fair Market Value of a share of Common Stock as of the date on which the Incentive Stock Option was granted.	
	 
	
6.6      		
Duration of an Incentive Stock Option--Generally. The Committee, in its sole discretion, will determine the term of each
Incentive Stock Option provided that such term will not exceed 10 years from the date on which such option was granted. However, the term of each Incentive Stock Option granted to an Optionee who is a Significant Shareholder will not exceed 5 years
from the date on which such option was granted. The term of each Incentive Stock Option shall be set forth in the Option Agreement. The Optionee shall have no further right to exercise an Incentive Stock Option following the expiration of such
term.	
	 

7

	
6.7      		
The Effect of Termination of the Optionee's Employment on the Term of an Incentive Stock Option. If an Optionee ceases to
be an Employee any reason other than as a result of the Optionee dying or becoming Disabled (as provided for in Section 6.9 and Section 6.10, respectively), all Incentive Stock Options granted to such Optionee shall terminate, to the extent that
they are not exercised within 30 days, except if termination is as a result of retirement within 90 days, following the date the Optionee ceased to be an Employee. The foregoing provision will not extend the time within which an Incentive Stock
Option may be exercised beyond the expiration of the term of such option and no additional vesting shall occur after the date the Optionee ceases to be an Employee. The Option Agreement may, in the discretion of the Committee, provide that if the
Optionee's employment is terminated by the Company for cause, as determined by the Company's President or Board of Directors in their reasonable discretion, the Incentive Stock Option will terminate immediately upon the Company's notice to the
Optionee of such termination.	
	 
	
6.8      		
The Effect of a Leave of Absence on an Incentive Stock Option. An Optionee shall not cease to be an Employee if the
Optionee is on sick leave, family leave, military leave or any other leave of absence that is approved by the Committee. The Committee, in its sole discretion, may determine whether or not an Incentive Stock Option shall continue to vest during any
sick leave, family leave, military leave or other approved leave of absence. If an Optionee's sick leave, family leave, military leave or other approved leave of absence continues for more than ninety (90) days and reemployment of the Optionee is
not guaranteed by contract or statute, the Optionee's Incentive Stock Option may cease to qualify as an incentive stock option within the meaning of Section 422 of the Internal Revenue Code. In such event, the Stock Option will nonetheless continue
as a Nonqualified Stock Option granted pursuant to this Plan.	
	 
	
6.9      		
The Effect of the Death of an Optionee on the Term of an Incentive Stock Option. If an Optionee ceases to be an Employee
as a result of the death of the Optionee, all Incentive Stock Options granted to such Optionee shall terminate to the extent that they are not exercised within 6 months following the date of the Optionee's death. The foregoing provision will not
extend the time within which an Incentive Stock Option may be exercised beyond the expiration of the term of such option and no additional vesting shall occur after the date of the Optionee's death.	
	 
	
6.10      		
The Effect of the Disability of an Optionee on the Term of an Incentive Stock Option. If an Optionee ceases to be an
Employee as a result of the Optionee becoming Disabled, all Incentive Stock Options granted to such Optionee shall terminate to the extent that they are not exercised within 6 months following the date the Optionee became Disabled. The foregoing
provision will not extend the time within which an Incentive Stock Option may be exercised beyond the expiration of the term of such option and no additional vesting shall occur after the date the Optionee became Disabled.	
	 
	
6.11      		
Transferability. Incentive Stock Options are not transferable except by will or the laws of descent and distribution upon
the death of the Optionee.	
	 
	
6.12      		
Tax Treatment and Savings Clause. Nothing contained in this Plan, any Option Agreement evidencing an Incentive Stock
Option, any document provided by the Company to an Optionee or	
	 

8

	 	
any statement made by or on behalf of the Company shall constitute a representation or warranty of the tax treatment of any Incentive Stock Option or that such option will qualify as an incentive stock option under
Section 422 of the Internal Revenue Code. Any option that is designated as an Incentive Stock Option but, either in whole or in part, fails for any reason to qualify as an incentive stock option within the meaning of Section 422 of the Internal
Revenue Code or fails to satisfy requirements of this Plan that apply only to Incentive Stock Options shall be treated as an incentive stock option to the fullest extent permitted under Section 422 of the Internal Revenue Code and this Plan and,
notwithstanding such designation, shall otherwise be treated as a Nonqualified Stock Option pursuant to this Plan.	
	 
	
6.13      		
Non-Conforming Terms of Substitute Incentive Stock Options. Incentive Stock Options granted pursuant to this Plan in
substitution for outstanding incentive stock options of an Acquired Company may deviate from the terms otherwise required by this Article VI to the extent that the Committee, in its sole discretion upon the advice of its advisors, determines that
such non- conforming terms are required or appropriate under applicable tax law, accounting principles or contractual requirements or are otherwise appropriate.	
	 

ARTICLE VII 

NONQUALIFIED STOCK OPTION TERMS AND CONDITIONS 

Nonqualified Stock Options may be granted pursuant to this Plan in accordance with the following terms and conditions. 

	
7.1      		
Requirement for a Written Option Agreement. Each Nonqualified Stock Option will be evidenced by a written Option
Agreement. The Committee, from time to time, will determine the form of Option Agreement to be used for purposes of evidencing Nonqualified Stock Options granted pursuant to this Plan. Except as provided in Section 7.12, the terms of the Option
Agreement evidencing a Nonqualified Stock Option must be consistent with this Plan, including but not limited to this Article VII. Any inconsistencies between any Option Agreement and this Plan will be resolved in accordance with the terms and
conditions specified in this Plan. Except as expressly required by this Article VII, the terms and conditions of each Nonqualified Stock Option do not need to be identical.	
	 
	
7.2      		
Who may be Granted a Nonqualified Stock Option. A Nonqualified Stock Option may be granted to any Employee, any director
of the Company and any other individual who, in the judgment of the Committee, has performed or will perform services important to the management, operation and development of the business of the Company or of one or more of its
subsidiaries.	
	 
	 	
The Committee, in its sole discretion, shall determine when and to whom Nonqualified Stock Options are granted pursuant to this Plan.	
	 
	
7.3      		
Number of Shares Covered by a Nonqualified Stock Option. The Committee, in its sole discretion, shall determine the
number of shares of Common Stock covered by each Nonqualified Stock Option granted pursuant to this Plan. The number of shares covered by each Nonqualified Stock Option shall be specified in the Option Agreement.	
	 

9

	
7.4      		
Vesting Schedule Under a Nonqualified Stock Option. The Committee, in its sole discretion, shall determine whether a
Nonqualified Stock Option is immediately exercisable as to all of the shares of Common Stock covered by such option or whether it is only exercisable in accordance with a vesting schedule determined by the Committee. Any such vesting terms and
conditions shall be specified in the Option Agreement. Notwithstanding any term to the contrary in any Option Agreement, a Nonqualified Stock Option granted to a person who, at the time of the grant, was an executive officer of the Company will not
become exercisable until after six (6) months from the date of such grant unless the Award was approved either by (i) a committee of non-employee directors within the requirements of Rule 16b-3 or (ii) the full Board of Directors.	
	 
	
7.5      		
Exercise Price of a Nonqualified Stock Option. The Exercise Price for each Nonqualified Stock Option will be at least
100% of the Fair Market Value of a share of Common Stock as of the date on which the Nonqualified Stock Option was granted. However, if it is subsequently determined that the Exercise Price as stated in the Option Agreement evidencing a Nonqualified
Stock Option is less than 100% of the Fair Market Value of a share of Common Stock as of the date on which an option was granted, such fact will not invalidate the Nonqualified Stock Option.	
	 
	
7.6      		
Duration of a Nonqualified Stock Option--Generally. The Committee, in its sole discretion, will determine the term of
each Nonqualified Stock Option provided that such term will not exceed 10 years from the date on which such option was granted. The term of each Nonqualified Stock Option shall be set forth in the Option Agreement. The Optionee shall have no further
right to exercise a Nonqualified Stock Option following the expiration of such term.	
	 
	
7.7      		
The Effect of Termination of the Optionee's Employment or Service as a Director or Director Emeritus on the Term of a Nonqualified Stock Option. If an Optionee, ceases to be an Employee of the Company (or, in the case of an Optionee who is not an Employee but is a director or director emeritus of the Company, ceases to be a director or director emeritus of the
Company) for any reason other than as a result of the Optionee dying or becoming Disabled (as provided for in Section 7.9 and Section 7.10, respectively), all Nonqualified Stock Options granted to such Optionee shall terminate to the extent that
they are not exercised within 30 days, except if termination is as a result of retirement within 90 days, following the date the Optionee ceased to be an Employee (or a director or director emeritus, as the case may be) of the Company. In the case
of an Optionee who is both an employee and a director and such Optionee retires as an employee only and remains a director, his or her Nonqualified Stock Options shall not terminate upon retirement from employment, but will terminate when the
Optionee ceases to be a director or director emeritus, as the case may be, of the Company. In the case of an Optionee who is not an employee but is a director of the Company and such Optionee ceases to be a director of the Company but immediately
following cessation of services as a director becomes a director emeritus of the Company, his or her Nonqualified Stock Options shall not terminate upon ceasing to be a director of the Company but will terminate when the Optionee ceases to be a
director emeritus of the Company. The foregoing provision will not extend the time within which a Nonqualified Stock Option may be exercised beyond the expiration of the term of such option and no additional vesting shall occur after the date the
Optionee ceases to be an Employee (or a director or director emeritus, as the case may be). The Option Agreement evidencing a Nonqualified Stock Option may, in the discretion of the Committee, provide that if the Optionee's	
	 

10

	 	
employment is terminated by the Company for cause, as determined by the Company's President or Board of Directors in their reasonable discretion, the Nonqualified Stock Option will terminate immediately upon the
Company's notice to the Optionee of such termination.	
	 
	
7.8      		
The Effect of a Leave of Absence on a Nonqualified Stock Option. An Optionee shall not cease to be an Employee if the
Optionee is on sick leave, family leave, military leave or any other leave of absence that is approved by the Committee. The Committee, in its sole discretion, may determine whether a Nonqualified Stock Option shall continue to vest during any sick
leave, family leave, military leave or other approved leave of absence.	
	 
	
7.9      		
The Effect of the Death of an Optionee on the Term of a Nonqualified Stock Option. If an Optionee ceases to be an
Employee, ceases to serve as a director of the Company or ceases to provide services to the Company as a result of the Optionee's death, all Nonqualified Stock Options granted to such Option will terminate to the extent that they are not previously
exercised within 6 months following the date of the Optionee's death. The foregoing provision will not extend the time within which a Nonqualified Stock Option may be exercised beyond the expiration of the term of such option and no additional
vesting shall occur after the date the Optionee's death.	
	 
	
7.10      		
The Effect of the Disability of an Optionee on the Term of a Nonqualified Stock Option. If an Optionee ceases to be an
Employee, ceases to serve as a director of the Company or ceases to provide services to the Company as a result of the Optionee becoming Disabled, all Nonqualified Stock Options granted to such Optionee shall terminate to the extent that they are
not exercised within 6 months following the date of the Optionee becoming Disabled. The foregoing provision will not extend the time within which a Nonqualified Stock Option may be exercised beyond the expiration of the term of such option and no
additional vesting shall occur after the date the Optionee became Disabled.	
	 
	
7.11      		
Transferability. Nonqualified Stock Options may be transferred by gift to the Optionee's spouse, children or a trust for
the exclusive benefit of any combination of the Optionee, the Optionee's spouse and the Optionee's children but only to the extent permitted by the Committee as expressly stated in the Option Agreement evidencing such Nonqualified Stock Option. Any
transfer of a Nonqualified Stock Option shall be conditioned upon the Optionee and the transferee of such Nonqualified Stock Option executing and delivering to the Company a form of Transfer/Assumption of Nonqualified Stock Option as the Company may
request. Notwithstanding any transfer of a Nonqualified Stock Option, the Optionee shall remain liable to the Company for any income tax withholding amounts that the Company is required to withhold at the time the transferred Nonqualified Stock
Option is exercised. If the Option Agreement evidencing a Nonqualified Stock Option does not expressly provide that such option is transferable, such option may not be transferred by the Optionee, except by will or the laws of descent and
distribution upon the death of the Optionee or with the prior written consent of the Committee, which consent may be withheld in the Committee's sole discretion.	
	 
	
7.12      		
Non-Conforming Terms of Substitute Nonqualified Stock Options. Nonqualified Stock Options granted pursuant to this Plan
in substitution for outstanding nonqualified stock options of an Acquired Company may deviate from the terms otherwise required by this Article VII to the	
	 

11

	
         		
extent that the Committee, in its sole discretion upon the advice of its advisors, determines that such non-conforming terms are required or appropriate under applicable tax law, accounting principles or contractual
requirements or are otherwise appropriate. 	

ARTICLE VIII 

EXERCISE OF OPTIONS TO PURCHASE SHARES

	
8.1      		
Notice of Exercise. A Stock Option may be exercised only by delivery to the Company of written notice signed by the Optionee or the permitted transferee of a
Nonqualified Stock Option under Section 7.11 (or, in the case of exercise after death of the Optionee, by the executor, administrator, heir or legatee of the Optionee, as the case may be) directed to the President of the Company (or such other
person as the Company may designate) at the principal business office of the Company. The notice will specify (i) the number of shares of Common Stock being purchased, (ii) the method of payment of the Exercise Price, (iii) the method of payment of
the Tax Withholding if required, and (iv), unless a registration under the Securities Act is in effect with respect to the Plan at the time of such exercise, the notice of exercise shall contain such representations as the Company determines to be
necessary or appropriate in order for the sale of shares of Common Stock being purchased pursuant to such exercise to qualify for exemptions from registration under the Securities Act and other applicable state securities laws.	
	 
	
8.2      		
Payment of Exercise Price. No shares of Common Stock will be issued upon the exercise of any Stock Option unless and until payment or adequate provision for payment
of the Exercise Price of such shares has been made in accordance with this subsection. The Committee, in its sole discretion, may provide in any Option Agreement for the payment of the Exercise Price in cash (including by check), by delivery of a
full-recourse promissory note, by the surrender of shares of Common Stock or other securities issued by the Company (provided that such other securities have been held by the Optionee for at least six months prior to the date on which the Option is
being exercised) in accordance with Section 8.4, or by any combination of the foregoing. In the absence of such terms in the Option Agreement, the Exercise Price shall be paid in cash (including by check). The Committee, in its sole discretion, may
permit an Optionee to elect to pay the Exercise Price by authorizing a duly registered and licensed broker-dealer to sell the shares of Common Stock to be issued upon such exercise (or, at least, a sufficient portion thereof) and instructing such
broker-dealer to immediately remit to the Company a sufficient portion of the proceeds from such sale to pay the entire Exercise Price.	
	 
	
8.3      		
Payment of Tax Withholding Amounts. Upon the exercise of any Stock Option (including a Nonqualified Stock Option transferred by the Optionee pursuant to Section
7.11), either with the delivery of the notice of exercise or upon notification of the amount due, each Optionee must pay to the Company or make adequate provision for the payment of all Tax Withholding, if any. The Option Agreement may provide for,
or the Committee, in its sole discretion, may allow the Optionee to pay the Tax Withholding (i) in cash (including by check), (ii) by the Company withholding such amount from other amounts payable by the Company to the Optionee, including salary,
(iii) by surrender of shares of Common Stock or other securities of the Company in accordance with Section 8.4, (iv) by the application of shares that could be received upon exercise of the Stock Option in accordance with Section 8.4, or (v) any
combination of the foregoing.	
	 

12

	 	
By receiving and upon exercise of a Stock Option, the Optionee shall be deemed to have consented to the Company withholding the amount of any Tax Withholding from any amounts payable by the Company to the Optionee. The
Committee, in its sole discretion, may permit an Optionee to elect to pay the Tax Withholding by authorizing a duly registered and licensed broker- dealer to sell the shares to be issued upon such exercise (or, at least, a sufficient portion
thereof) and instructing such broker-dealer to immediately remit to the Company a sufficient portion of the proceeds from such sale to pay the Tax Withholding. No shares will be issued upon an exercise of a Stock Option unless and until payment or
adequate provision for payment of the Tax Withholding has been made. If, either as a result of the exercise of a Stock Option or the subsequent disqualifying disposition of shares acquired through such exercise, the Company determines that
additional Tax Withholding was or has become required beyond any amount paid or provided for by the Optionee, the Optionee will pay such additional amount to the Company immediately upon demand by the Company. If the Optionee fails to pay the amount
demanded, the Company may withhold that amount from other amounts payable by the Company to the Optionee, including salary.	
	 
	
8.4      		
Payment of Exercise Price or Withholding with Other Securities. To the extent permitted in Section 8.2 and Section 8.3 above, the Exercise Price and Tax Withholding
may be paid by the surrender of shares of Common Stock or other securities of the Company. The notice of exercise shall indicate that payment is being made by the surrender of shares of Common Stock or other securities of the Company. Payment shall
be made by either (i) delivering to the Company the certificates or instruments representing such shares of Common Stock or other securities, duly endorsed for transfer, or (ii) delivering to the Company an attestation in such form as the Company
may deem appropriate with respect to the Optionee's ownership of the shares of Common Stock or other securities of the Company. For purposes of this Article VIII, shares of Common Stock shall be valued at their Fair Market Value as of the last
business day preceding the day the Company receives the Optionee's notice of exercise. For purposes of this Article VIII, other securities of the Company shall be valued at the publicly reported price, if any, for the last sale on the last business
day preceding the day the Company receives the Optionee's notice of exercise, or, if there are no publicly reported prices of such other securities of the Company, at the fair market value of such other securities as determined in good faith by the
Board of Directors. To the extent permitted in Section 8.3, Tax Withholding may (if the Optionee notifies the Company at the time of the notice of exercise) be paid by the application of shares which could be received upon exercise of any other
stock option issued by the Company. This application of shares shall be accomplished by crediting toward the Optionee's Tax Withholding obligation the difference between the Fair Market Value of a share of Common Stock and the Exercise Price of the
Stock option specified in the Optionee's notice. Any such application shall be considered an exercise of the other Stock Option to the extent that shares are so applied.	
	 
	
8.5      		
Compliance with Legal Requirements. No shares of Common Stock will be issued with respect to the exercise of any Stock Option unless the exercise and issuance of the
shares of Common Stock will comply with (i) all relevant provisions of law, including, without limitation, the Securities Act, the Securities Exchange Act of 1934, all applicable state securities laws and the Internal Revenue Code, each as amended
and including the respective rules and regulations promulgated under each of the foregoing, (ii) any registration under the Securities Act in effect with respect to	
	 

13

	 	
the Plan, and (iii) the requirements of any stock exchange upon which the Common Stock may then be listed. Compliance with such provisions shall be subject to the approval of legal counsel for the Company. The Company
will not be liable to any Optionee or any other person for failure to issue shares of Common Stock upon the exercise of a Stock Option where such failure is due to the inability of the Company to obtain all permits, exemptions or approvals from
regulatory authorities which are deemed necessary by the Company's legal counsel. The Board may require any action or agreement by an Optionee as may be necessary, from time to time, to comply with the federal and state securities laws. The Company
will not be obliged to prepare, file or maintain a registration under the Securities Act with respect to the Plan or to take any actions with respect to any state securities laws.	
	 
	
8.6      		
Issuance of Shares. Notwithstanding the good faith compliance by the Optionee with all of the terms and conditions of an Option Agreement and with this Article VIII,
the Optionee will not become a shareholder and will have no rights as a shareholder with respect to the shares covered by such Stock Option until the issuance of shares pursuant to the exercise of such Stock Option is recorded on the stock transfer
record of the Company. Notwithstanding the foregoing, the Company shall not unreasonably delay the issuance of a stock certificate and shall exercise reasonable efforts to cause such stock certificate to be issued to the Optionee as soon as is
practicable after the compliance by the Optionee with all of the terms and conditions of the Option Agreement and with this Article VIII.	
	 
	
8.7      		
Notice of any Disqualifying Disposition and Provision for Tax Withholding. Any Optionee that exercises an Incentive Stock
Option and then makes a "disqualifying disposition" (as such term is defined under Section 422 of the Internal Revenue Code) of the shares so purchased, shall immediately notify the Company in writing of such disqualifying disposition and, in
accordance with Section 8.3, shall pay or make adequate provision for all Tax Withholding that may be required as a result of such disqualifying disposition.	
	 
	
8.8      		
Non-Conforming Terms of Substitute Incentive Stock Options and Substitute Nonqualified Stock Options. Incentive Stock
Options and Nonqualified Stock Options granted under Article VI or Article VII of this Plan in substitution for outstanding incentive stock options or nonqualified stock options of an Acquired Company may deviate from the terms otherwise required by
this Article VIII to the extent that the Committee, in its sole discretion upon the advise of its advisors, determines that such non-conforming terms are required under applicable tax law, accounting principles or contractual requirements or are
otherwise appropriate.	
	 

	
ARTICLE IX 

RESTRICTED STOCK GRANTS

Restricted Stock Grants may be made pursuant to this Plan in accordance with the following terms and conditions. 

	
9.1      		
Requirement for a Written Restricted Stock Agreement. Each Restricted Stock Grant will be evidenced by a Restricted Stock
Agreement. The Committee will determine from time to time the form of Restricted Stock Agreement to be used to evidence Restricted Stock Grants made	
	 

14

	 	
pursuant to this Plan. Except as provided in Section 9.10, the terms of each Restricted Stock Agreement must be consistent with this Plan. Any inconsistencies between any Restricted Stock Agreement and this Plan will
be resolved in will be resolved in accordance with the terms and conditions specified in this Plan. Except as otherwise required by this Article IX, the terms and conditions of each Restricted Stock Grant do not need to be identical.	
	 
	
9.2      		
Who May Receive a Restricted Stock Grant. A Restricted Stock Grant may be made to any Employee, any director of the
Company or any other individual who provides services to the Company where, in the judgment of the Committee, the services performed or to be performed by such Grantee are important to the management, operation and development of the business or
businesses of the Company or one or more of its Subsidiaries. The Committee, in its sole discretion, shall determine when and to who Restricted Stock Grants are made pursuant to this Plan.	
	 
	
9.3      		
Number of Shares Covered by a Restricted Stock Grant. The Committee, in its sole discretion, shall determine the number
of shares of Common Stock covered by each Restricted Stock Grant made pursuant to this Plan. The Restricted Stock Agreement shall specify the number of shares of Common Stock covered by such Restricted Stock Grant.	
	 
	
9.4      		
What the Grantee Must Deliver to Receive a Restricted Stock Grant. The Committee, in its sole discretion, will determine whether the Grantee, in order to receive the
Restricted Stock Grant, must make a payment, either in cash (including by check), by delivery of a promissory note or by delivery of other securities of the Company (including options to purchase securities of the Company), to the Company of all or
some portion of the Fair Market Value of the shares of Common Stock covered by the Restricted Stock Grant. To the extent that the sum of any cash payment, any promissory note and any other securities received by the Company from the Grantee in
connection with a Restricted Stock Grant is less than the Fair Market Value of the shares of Common Stock covered by such Restricted Stock Grant determined as of the date of such grant, the shares of Common Stock covered by the Restricted Stock
Grant shall be deemed to have been issued by the Company for services rendered by the Grantee.	
	 
	
9.5      		
Vesting Schedule Under a Restricted Stock Grant. The Committee, in its sole discretion, shall determine the terms and
conditions upon which shares covered by any Restricted Stock Grant shall vest. The Restricted Stock Agreement shall specify the vesting schedule. Unvested shares covered by a Restricted Stock Grant may not be transferred by the Grantee under any
condition without the prior written consent of the Committee, which consent may be withheld in its sole discretion.	
	 
	
9.6      		
Right to Repurchase Unvested Shares upon Certain Conditions. The Restricted Stock Agreement shall specify the events upon
the occurrence of which the Company shall have the right to repurchase from the Grantee any or all of the Grantee's unvested shares and the period during which the Company must exercise this right following the occurrence of the event. The
Restricted Stock Agreement shall also specify the "Repurchase Price Per Share" that the Company shall pay to the Grantee upon exercise of its right to repurchase unvested shares and the terms of such payment. If not otherwise specified in the
Restricted Stock Agreement, the right	
	 

15

	 	
to repurchase must be exercised within forty-five (45) days after the Company receives from the Grantee written notice of the occurrence of the event, the repurchase price shall be $0.001 per share and the
repurchase price shall be payable to the Grantee in cash (including by check) within ten (10) days after the date on which the right to repurchase the shares is exercised. Any right of the Company to repurchase unvested shares may be assigned by the
Company in its sole discretion without notice to, or the prior consent of, the Grantee.	
	 
	
9.7      		
Payment of Tax Withholding Amounts. Upon the vesting of shares under a Restricted Stock Grant or upon the Grantee making a valid election under Section 83(b) of the
Internal Revenue Code, each Grantee must pay to the Company or make adequate provision for the payment of all Tax Withholding, unless the Committee, in its sole discretion, determines otherwise. The Restricted Stock Agreement may provide for, or the
Committee, in its sole discretion, may allow the Grantee to pay the Tax Withholding (i) in cash (including by check), (ii) by the Company withholding such amount from other amounts payable by the Company to the Grantee, including salary, (iii) by
surrender of shares of Common Stock or other securities of the Company in the manner specified in Section 8.4, (iv) by the application of vested shares that could be received under the Restricted Stock Agreement in accordance with Section 8.4, or
(v) any combination of the foregoing.	
	 
	 	
By accepting a Restricted Stock Grant, the Grantee shall be deemed to have consented to the Company withholding the amount of any Tax Withholding from any amounts payable by the Company to the Grantee. The Committee,
in its sole discretion, may permit a Grantee to elect to pay the Tax Withholding by authorizing a duly registered and licensed broker-dealer to sell shares of Common Stock that are vested or vesting under the Restricted Stock Agreement (or, at least
a sufficient portion thereof) and instructing such broker-dealer to immediately remit to the Company a sufficient portion of the proceeds from such sale to pay the Tax Withholding. No shares of Common Stock will be released from the restrictions on
their transfer under Section 9.5 unless and until payment or adequate provision for payment of the Tax Withholding has been made. If the Company later determines that additional Tax Withholding was or has become required beyond any amount paid or
provided for by the Grantee, the Grantee will pay such additional amount to the Company immediately upon demand by the Company. If the Grantee fails to pay the amount demanded, the Company may withhold that amount from other amounts payable by the
Company to the Grantee, including salary.	
	 
	
9.8      		
Compliance with Legal Requirements. No shares of Common Stock will be issued with respect to any Restricted Stock Grant unless the issuance of the shares of Common
Stock will comply with (i) all relevant provisions of law, including, without limitation, the Securities Act, the Securities Exchange Act of 1934, all applicable state securities laws and the Internal Revenue Code, each as amended and including the
respective rules and regulations promulgated under each of the foregoing, (ii) any registration under the Securities Act in effect with respect to the Plan, and (iii) the requirements of any stock exchange upon which the Common Stock may then be
listed.	
	 
	 	
Compliance with such provisions shall be subject to the approval of legal counsel for the Company. The Company will not be liable to any Grantee or any other person for failure to issue shares of Common Stock in
connection with a Restricted Stock Grant where such failure is due to the inability of the Company to obtain all permits, exemptions or approvals from regulatory	
	 

16

	 	
authorities which are deemed necessary by the Company's legal counsel. The Board may require any action or agreement by a Grantee as may be necessary, from time to time, to comply with the federal and state securities
laws. The Company will not be obliged to prepare, file or maintain a registration under the Securities Act with respect to the Plan or to take any actions with respect to any state securities laws.	
	 
	
9.9      		
Issuance of Shares. Notwithstanding the good faith compliance by the Grantee with all of the terms and conditions of a Restricted Stock Agreement and with this
Article IX, the Grantee will not become a shareholder and will have no rights as a shareholder with respect to the shares covered by such Restricted Stock Grant until the issuance of shares is recorded on the stock transfer record of the Company.
Notwithstanding the foregoing, the Company shall not unreasonably delay the issuance of a stock certificate and shall exercise reasonable efforts to cause such stock certificate to be issued to the Grantee as soon as is practicable after the
compliance by the Grantee with all of the terms and conditions of the Restricted Stock Agreement and with this Article IX.	
	 
	
9.10      		
Non-Conforming Terms of Substitute Restricted Stock Grants. Restricted Stock Grants made under this Article IX in
substitution for outstanding stock options or unvested restricted stock grants of an Acquired Company may deviate from the terms otherwise required by this Article IX to the extent that the Committee, in its sole discretion upon the advice of its
advisors, determines that such non-conforming terms are required under applicable tax law, accounting principles or contractual requirements or are otherwise appropriate.	
	 

ARTICLE X

     EFFECT OF CHANGES IN CAPITAL STRUCTURE OR

THE OCCURRENCE OF A CHANGE OF CONTROL TRANSACTION

	
10.1      		
Effect of Changes in Capital Structure of the Company on the Number of Shares and Exercise Price. If the outstanding
shares of Common Stock are hereafter increased, decreased, changed into or exchanged for a different number or kind of shares of Common Stock or for other securities of the Company or of another corporation, by reason of any reorganization, merger,
consolidation, reclassification, stock split, combination of shares of Common Stock, or dividend payable in shares of Common Stock or other securities of the Company, the Committee will adjust the number and kind of Authorized Shares, and make
proportionally equitable adjustments to the Exercise Price of Outstanding Stock Options and the number and kind of shares covered by Outstanding Stock Options and Restricted Stock Awards. All adjustments made by the Committee shall be final and
binding on all parties.	
	 
	
10.2      		
Effect of the Occurrence of a Change of Control Transaction on Continuing Rights. In the event of the occurrence of any
Change of Control Transaction, all outstanding Incentive Stock Options and Nonqualified Stock Options granted pursuant to this Plan shall terminate effective as of the effective date of such transaction, unless and only to the extent that the terms
and conditions of the transaction expressly provide for the assumption of this Plan and the continuation of such Incentive Stock Options and Nonqualified Stock Options. Each Optionee shall be provided written notice of the expected occurrence of any
such transaction at least fifteen (15) days prior to the	
	 

17

	
           		
effective date and shall be permitted to tender a notice of exercise of any Incentive Stock Option and Nonqualified Stock Option that is conditioned upon the transaction actually occurring and, notwithstanding any
provision of Article VIII or term of any Option Agreement, shall not be required to tender payment of the exercise price or amounts that the Company may be required to withhold for tax purposes until after the occurrence of the transaction.  The
terms and conditions of the transaction may provide for the assumption of this Plan with respect only to outstanding Restricted Stock Grants that have not fully vested and the assignment to and assumption by the surviving corporation of the rights
and obligation of the Company under each outstanding Restricted Stock Agreement. 	

 

	
ARTICLE XI 

UNDERWRITERS LOCK-UP

Each written agreement evidencing an Award will specify that the Optionee or Grantee, by accepting the Award agrees that whenever the Company undertakes a firmly underwritten public offering of its securities, the
Optionee or Grantee will, if requested to do so by the managing underwriter in such offering, enter into an agreement not to sell or dispose of any securities of the Company owned or controlled by the Optionee or Grantee provided that such
restriction will not extend beyond 12 months from the effective date of the registration statement filed in connection with such offering. 

	
ARTICLE XII 

EMPLOYMENT RIGHTS

Nothing in this Plan nor in any written agreement evidencing an Award will confer upon any Optionee or Grantee any right to continued employment with the Company or to limit or affect in any way the right of the
Company, in its sole discretion, to (a) terminate the employment of such Optionee or Grantee at any time, with or without cause, (b) change the duties of such Optionee or Grantee, or (c) increase or decrease the compensation of the Optionee or
Grantee at any time. Unless the written agreement evidencing an Award expressly provides otherwise, vesting under such agreement shall be conditioned upon: 

	
          		
1)      		
for Employees of the Company, the continued employment of the Optionee or Grantee;	
	 
	
 	
2)      		
for independent contractors, the Optionee or Grantee continuing to provide services to the Company on substantially the same terms and conditions as such services were provided at the time of the Award; or	
	 
	
 	
3)      		
for directors who are not Employees, the Optionee or Grantee continuing to serve as a director of the Company.	
	 

Nothing in this Plan shall be construed as creating a contractual or implied right or covenant by the Company to continue such employment, service as an independent contractor or service as a director. 

	
ARTICLE XIII 

AMENDMENT OF PLAN

18

The Board of Directors, at any time and from time to time, may modify or amend this Plan as it deems advisable except that any amendment (i) increasing the number of shares of Common Stock issuable pursuant to this
Plan, (ii) expanding the group of persons eligible to receive Awards or (iii) otherwise required to be approved by the shareholders of the Company under any applicable law, accounting principle or listing requirement, shall only become effective if
and when such amendment is approved by the shareholders of the Company. Except as provided in Article X, no amendment shall be made to the terms or conditions of an outstanding Incentive Stock Option, Nonqualified Stock Option or Restricted Stock
Grant without the written consent of the Optionee or Grantee. 

19

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