Document:

Exhibit 10(r)

AMENDED AND RESTATED 

  AIRCRAFT TIME SHARING AGREEMENT 

          This Amended and Restated Aircraft Time Sharing Agreement (“Agreement”) is made and entered into as of the 22nd day of September, 2006, by and between Becton, Dickinson and Company, a New
Jersey corporation (“BD”), and Edward J. Ludwig.

          WHEREAS, BD operates (i) a Falcon 2000EX aircraft bearing Federal Aviation Administration (“FAA”) Registration No. N522BD and Manufacturer's Serial No. 84, and (ii) a Falcon 900EX aircraft
bearing FAA Registration No. N2BD and Manufacturer's Serial 072 (collectively, the “Aircraft”); and 

          WHEREAS, Mr. Ludwig is the Chairman, President and Chief Executive Officer of BD; and

          WHEREAS, the Board of Directors of BD, by resolution adopted on March 28, 2006 (the “Resolution”), has authorized and encouraged Mr. Ludwig to use the Aircraft for all travel purposes,
including personal use, to the extent practicable within business constraints, taking into account competing business use for the Aircraft; 

          WHEREAS, BD desires to make such Aircraft available for Mr. Ludwig’s personal use for the above operations on a time sharing basis in accordance with §91.501 of the Federal Aviation
Regulations (“FARs”), subject to reimbursement of certain costs as defined more fully below, consistent with the Resolution and the terms of this Agreement; and 

          NOW, THEREFORE, in consideration of the mutual covenants herein set forth, the parties agree as follows as to each of the Aircraft: 

          1.           Provision of Aircraft. BD agrees to provide the Aircraft to and operate Aircraft for Mr.
Ludwig’s personal use, as permitted under the Resolution, on a time sharing basis in accordance with the provisions of §§ 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the FARs for the term of this Agreement. To the extent the FARs and
the Resolution conflict, the FARs shall govern. 

          2.           Reimbursement of Expenses. BD shall impose a charge for transportation furnished under this
Agreement in an amount up to the sum of the expenses set forth in subsections (a)-(j) below in respect of the specific flight or flights to which such charge applies:

	          	
(a)          	
Fuel, oil, lubricants, and other additives;
	 
	 	
(b)	
Travel expenses of the crew, including food, lodging, and ground transportation;
	 
	 	
(c)	
Hangar and tie-down costs away from the Aircraft’s base of operation;
	 
	 	
(d)	
Insurance obtained for the specific flight;
	 
	 	
(e)	
Landing fees, airport taxes, and similar assessments;
	 
	 	
(f)	
Customs, foreign permit, and similar fees directly related to the flight;
	 
	 	
(g)	
In-flight food and beverages;
	 
	 	
(h)	
Flight planning and weather contract services; and
	 

          (i)           An additional charge equal to one hundred percent (100%) of the expenses listed in subsection (a) above. 

          3.           Invoicing and Payment. All payments to BD by Mr. Ludwig hereunder shall be paid in the manner set
forth in this Section 3. BD will pay to suppliers, employees, contractors and governmental entities all expenses related to the operation of Aircraft hereunder in the ordinary course. As to each flight operated hereunder, BD will provide to Mr.
Ludwig an invoice in an amount specified in Paragraph 2 of this Agreement (plus air transportation excise taxes, as applicable, imposed by the Internal Revenue Code and any other governmental imposed ad valorem taxes, charges or fees). Mr. Ludwig
shall pay the full amount of such invoice within thirty (30) days of the date of the invoice. In the event BD has not received supplier invoices for reimbursable charges relating to such flight prior to such invoicing, BD may issue supplemental
invoice(s) for such charge(s) to Mr. Ludwig, and Mr. Ludwig shall pay such charge(s) within thirty (30) days of the date of the supplemental invoice. 

          4.           Flight Notifications.  Mr. Ludwig will provide BD with flight notifications and proposed flight schedules as far in advance as
possible. Flight notifications shall be in a form, whether oral or written, mutually convenient to and agreed upon by the parties. Mr. Ludwig shall provide at least the following information for each proposed flight reasonably in advance of the
desired departure time as required by BD or its flight crew: 

	          	
(a)          	
departure point;
	 
	 	
(b)	
destination;
	 
	 	
(c)	
proposed date and time of flight;
	 
	 	
(d)	
number and identity of anticipated passengers;
	 
	 	
(e)	
nature and extent of baggage and/or cargo to be carried;
	 
	 	
(f)	
proposed date and time of return flight, if any; and
	 
	 	
(g)	
      any other information concerning the proposed flight that may be pertinent to or required by BD or its flight crew, including any request for a particular Aircraft.

	 

          5.           Aircraft Scheduling.  BD shall have final authority over all scheduling of the Aircraft, including
determination of which Aircraft shall be operated on a particular flight, provided, however, that BD will use its reasonable efforts to accommodate Mr. Ludwig’s requests. 

          6.           Aircraft Maintenance. BD shall be solely responsible for securing scheduled and unscheduled
maintenance, preventive maintenance, and required or otherwise necessary inspections of the Aircraft, and shall take such requirements into account in scheduling the Aircraft. Performance of maintenance or inspection shall not be postponed for the
purpose of scheduling an Aircraft to accommodate Mr. Ludwig’s request, unless such maintenance or inspection can safely be conducted at a later time in compliance with applicable laws, regulations and requirements, and such postponement is
consistent with the sound discretion of the pilot-in-command. 

          7.           Flight Crew. BD shall employ, pay for and provide a qualified flight crew for all flight
operations under this Agreement. 

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          8.           Operational Authority and Control.  BD shall be responsible for all aspects of the physical and
technical operation of the Aircraft and the safe performance of all flights, and shall retain full authority and control, including exclusive operational control, and possession of the Aircraft at all times during flights operated under this
Agreement. In accordance with applicable FARs, the qualified flight crew provided by BD will exercise all required and/or appropriate duties and responsibilities in regard to the safety of each flight conducted hereunder. The pilot-in-command shall
have absolute discretion in all matters concerning preparation of the Aircraft for flight and the flight itself, the load carried and its distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the place where
landings shall be made, and all other matters relating to operation of the Aircraft. Mr. Ludwig specifically agrees that the flight crew shall have final and complete authority to delay or cancel any flight for any reason or condition that in the
sole judgment of the pilot-in-command could compromise the safety of the flight, and to take any other action that in the sole judgment of the pilot-in-command is necessitated by considerations of safety. No such action of the pilot-in-command shall
create or support any liability to Mr. Ludwig or any other person for loss, injury, damage or delay. The parties further agree that BD shall not be liable for delay or failure to furnish an Aircraft and crew pursuant to this Agreement when such
failure is caused by government regulation or authority, mechanical difficulty or breakdown, war, civil commotion, strike or labor dispute, weather conditions, act of God, or other circumstances beyond BD’s reasonable control. 

          9.           Insurance and Indemnification. (a) BD will maintain or cause to be maintained in full force and
effect throughout the term of this Agreement aircraft liability insurance in respect of each Aircraft, covering Mr. Ludwig as an insured, in an amount at least equal to $300 million combined single limit for bodily injury to or death of persons
(including passengers) and property damage liability.

          (b) BD shall use reasonable efforts to procure such additional insurance coverage as Mr. Ludwig may request, covering Mr. Ludwig as an insured; provided, that the cost of such additional insurance
shall be borne by Mr. Ludwig pursuant to Paragraph 2(d) hereof. 

          (c) Notwithstanding the obligations set forth in subparagraphs (a) and (b) of this Section 9,
BD shall indemnify Mr. Ludwig and hold him harmless against all liabilities,
obligations, losses, damages, penalties, and actions (including without limitation
reasonable attorneys’ fees and expenses) of any nature which
may be imposed on, incurred by or asserted against Mr. Ludwig caused by or arising
out of any flight operated under this Agreement. The provisions of this subsection
shall survive the termination of this Agreement. 

          10.        Warranties.  Mr.
Ludwig warrants that:

          (a)         Mr.
Ludwig will use the Aircraft under this Agreement consistent with the Resolution,
and will not use such Aircraft for the purpose of providing transportation of
passengers or cargo for  compensation or hire;

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          (b)        Mr. Ludwig will not permit any lien, security interest or other charge or encumbrance to attach against an Aircraft as a result of his actions or inactions, and shall not convey, mortgage, assign,
lease or in any way alienate an Aircraft or his rights hereunder; and 

          (c)        Throughout the term of this Agreement, Mr. Ludwig and other authorized passengers will abide by and conform to all such laws, rules and regulations as may from time to time be in effect and
applicable to him relating in any way to the operation or use of an Aircraft under this Agreement. 

          11       . Base
of Operations.  Mr.
Ludwig acknowledges that the base of operations of any Aircraft may be  changed
temporarily or permanently by BD without notice.

          12.        Notices
and Communications. All
notices and other communications under this Agreement shall be in  writing (except
as permitted in Section 4) and shall be given (and shall be deemed to have been
duly given upon receipt or refusal to accept receipt) by personal delivery, addressed
as follows: 

	          	
If to BD: 
		
Becton, Dickinson and Company 
	
	 	 	 1 Becton Drive

	 	 

		
Franklin Lakes, NJ 07417 
	
	 	 

		
Attn: Chief Financial Officer 
	
	 

	
	 

	
	 	
If to Mr. Ludwig:           
		
Edward J. Ludwig 
	
	 	 

		
c/o Becton, Dickinson and Company 
	
	 	 	 1 Becton Drive

	 	 

		
Franklin Lakes, NJ 07417 
	

or to such other person or address as either party may from time to time designate in writing. 

          13.        Further
Acts.  Each
of BD and Mr. Ludwig shall from time to time perform such other and further
acts and execute such other and further instruments as may be required by law
or may be necessary (i) to carry out the intent and purpose of this Agreement,
or (ii) to establish, maintain or protect the respective rights and remedies
of the other  party. 

          14.        Successors
and Assigns. Neither
this Agreement nor any party's interest herein shall be  assignable to any third
party. This Agreement shall inure to the benefit of and be binding upon the parties
hereto, their representatives and their successors. 

          15.        Termination.  Either
party may terminate this Agreement for any reason upon written notice to the
 other, such termination to become effective thirty (30) days from the date of
the notice; provided, that this Agreement may be terminated as a result of a
breach by either party of its obligations under this Agreement on ten (10) days'
written  notice by the non-breaching party to the breaching party; and provided
further, that this Agreement may be 

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terminated on such shorter notice as may be required to comply with applicable laws, regulations or insurance requirements.  

          16.        Severability. If
any provision of this Agreement is held to be illegal, invalid or unenforceable,
 the legality, validity and enforceability of the remaining provisions shall
not be affected or impaired. 

          17.        Entire
Agreement; Amendment or Modification. This
Agreement supersedes and replaces any previous  agreement between the parties
hereto concerning the subject matter hereof, constitutes the entire agreement
between the parties with respect to that subject matter, and is not intended
to confer upon any person or entity any rights or remedies not  expressly granted
herein. This Agreement may be amended or modified only in writing duly executed
by both parties hereto. 

          18.        TRUTH
IN LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL
AVIATION  REGULATIONS. (a)
BD CERTIFIES THAT THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED WITHIN THE 12-MONTH
PERIOD PRECEDING THE DATE OF THIS AGREEMENT IN ACCORDANCE WITH THE PROVISIONS
OF  PART 91 OF THE FEDERAL AVIATION REGULATIONS, AND THAT ALL APPLICABLE REQUIREMENTS
FOR THE AIRCRAFTS’ MAINTENANCE AND INSPECTION THEREUNDER HAVE BEEN MET AND
ARE VALID FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.

          (b) BD AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER AN AIRCRAFT IS OPERATED UNDER THIS AGREEMENT, BD SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THAT AIRCRAFT, AND THAT BD
UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

          (c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT
OFFICE. BD FURTHER CERTIFIES THAT IT WILL SEND, OR CAUSE TO BE SENT, A TRUE COPY OF THIS AGREEMENT TO: FEDERAL AVIATION ADMINISTRATION, AIRCRAFT REGISTRATION BRANCH, ATTN. TECHNICAL SECTION (AVN-450), P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125,
WITHIN 24 HOURS AFTER ITS EXECUTION, AS REQUIRED BY SECTION 91.23(c)(1) OF THE FEDERAL AVIATION REGULATIONS. 

[Remainder of Page Intentionally Left Blank] 

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          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written. 

BECTON, DICKINSON AND COMPANY 

 

	
By: 
		 
		 
	
Name:           
		
John R. Considine 
		 
	
Title: 
		
Executive Vice President 
		 
	 

		 	
and Chief Financial Officer                
		 
	 

	
	 

	
	 

	
	 

		 
	 

		 	
Edward J. Ludwig 
		 

 

          The undersigned hereby consents to the transactions contemplated by this Aircraft Time Share Agreement between Becton, Dickinson and Company and Edward J. Ludwig. 

FRANKLIN LAKES ENTERPRISES, L.L.C. 

 

	 By:  	 
	 
	 Name:            	 Dean J. Paranicas  	 
	 Title:  	 Manager  	 

6Exhibit 10.1(a)

  UNIVERSAL POWER GROUP, INC.
  

2006 STOCK OPTION PLAN 

	 

		 
		
      
        UNIVERSAL POWER GROUP, INC. 
      	 
		 

	
	 	 	 	 	 
	 

		 
		
      
        2006 STOCK OPTION PLAN 
      	 
		 

	
	 

		 
		
Section 
		 
		
Page 
	
	 	 	 	 	 
	
1. 
		 
		
Purpose; Types of Awards; Construction. 
		 
		
1 
	
	 	 	 	 	 
	
2. 
		 
		
Definitions. 
		 
		
1 
	
	 	 	 	 	 
	
3. 
		 
		
Administration. 
		 
		
5 
	
	
4. 
		 
		
Eligibility. 
		 
		
6 
	
	 	 	 	 	 
	
5. 
		 
		
Stock Subject to the Plan. 
		 
		
6 
	
	 	 	 	 	 
	
6. 
		 
		
Specific Terms of Awards. 
		 
		
7 
	
	 	 	 	 	 
	
7. 
		 
		
General Provisions. 
		 
		
9 
	

 

  UNIVERSAL POWER GROUP, INC.

  2006 STOCK OPTION PLAN 

          1. Purpose; Types of Awards; Construction. 

          The purposes of the Universal Power Group, Inc. 2006 Stock Option Plan (the "Plan") are to afford an incentive to Non-Employee Directors, selected officers and other employees, advisors and
consultants of Universal Power Group, Inc. (the "Company"), or any Parent or Subsidiary of the Company that now exists or hereafter is organized or acquired, to continue as Non-Employee Directors, officers or employees, advisors or consultants, as
the case may be, to increase their efforts on behalf of the Company and its Subsidiaries and to promote the success of the Company's business. The Plan provides for the grant of Options, including "incentive stock options" and "nonqualified stock
options". The Plan is designed so that Awards granted hereunder intended to comply with the requirements for "performance-based compensation" under Section 162(m) of the Code may comply with such requirements, and the Plan and Awards shall be
interpreted in a manner consistent with such requirements. 

          2. Definitions. 

          For purposes of the Plan, the following terms shall be defined as set forth below: 

               (a) "Award" means any Option granted under the Plan. 

               (b) "Award Agreement" means any written agreement, contract, or other instrument or document evidencing an Award. 

               (c) "Board" means the Board of Directors of the Company. 

               (d) "Change in Control" means a change in control of the Company, which will be deemed to have occurred if: 

      (i) any "person," as
    such term is used in Sections 13(d) and 14(d) of the Exchange Act (other
    than (A) the Company, (B) any trustee or other fiduciary holding securities
    under an employee benefit plan of the Company or (C) any corporation owned,
    directly or indirectly, by the stockholders of the Company in substantially
    the same proportions as their ownership of Stock, is or becomes the "beneficial
    owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly,
    of securities of the Company representing one-third
    (33 1/3%) or more of the combined voting power of the Company's then outstanding
    voting securities; 

      (ii) the
    following individuals cease for any reason to constitute a majority of the
    number of directors then serving: individuals 

 

 who, on the Effective Date, constitute
    the Board and any new director (other than a director whose initial assumption
    of office is in connection with an actual or threatened election contest,
    including but not limited to a consent solicitation, relating to the election
    of directors of the Company) whose appointment or election by the Board or
    nomination for election by the Company's stockholders was approved or recommended
    by a vote of at least two-thirds (2/3) of the directors then still in office
    who either were directors on the Effective Date or whose appointment, election
    or nomination for election was previously so approved or recommended; 

      (iii) there
    is consummated a merger or consolidation of the Company or any direct or
    indirect subsidiary of the Company with any other corporation, other than
    a merger or consolidation immediately following which the individuals who
    comprise the Board immediately prior thereto constitute at least a majority
    of the Board, the entity surviving such merger or consolidation or, if the
    Company or the entity surviving such merger is then a subsidiary, the ultimate
    parent thereof; or 

      (iv) the
    stockholders of the Company approve a plan of complete liquidation of the
    Company or there is consummated an agreement for the sale or disposition
    by the Company of all or substantially all of the Company's assets (or any
    transaction having a similar effect), other than a sale or disposition by
    the Company of all or substantially all of the Company's assets to an entity,
    immediately following which the individuals who comprise the Board immediately
    prior thereto constitute at least a majority of the board of directors of
    the entity to which such assets are sold or disposed of or, if such entity
    is a subsidiary, the ultimate parent thereof. 

Notwithstanding the foregoing, a Change in Control shall not be deemed to have occurred by virtue of (x) a Public Offering or (y) the consummation of any transaction or series of integrated transactions immediately following which
the holders of the Stock immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in an entity which owns all or
substantially all of the assets of the Company immediately following such transaction or series of transactions. 

               (e) "Code" means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder. 

               (f) "Committee" means the Compensation Committee of the Board or any other committee established by the Board to administer the Plan, the
composition of which shall at all times satisfy the provisions of Rule 16b-3 promulgated under the Exchange Act as in effect from time to time and Section 162(m) of the Code. 

               (g) "Company" means Universal Power Group, Inc., a corporation organized under the laws of the State of Texas, or any successor corporation.

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               (h) "Effective
Date" means_________, 2006, the date that the Plan was adopted by the Board. 

               (i) "Exchange Act" means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations promulgated
thereunder. 

               (j) "Fair Market Value" means, with respect to Stock or other property, the fair market value of such Stock or other property determined by
such methods or procedures as shall be established from time to time by the Committee. Unless otherwise determined by the Committee in good faith, the per share Fair Market Value of Stock as of a particular date shall mean (i) the mean between the
highest and lowest reported sales price per share of Stock on the national securities exchange on which the Stock is principally traded, for the last preceding date on which there was a sale of such Stock on such exchange, or (ii) if the shares of
Stock are then traded in an over-the-counter market, the average of the closing bid and asked prices for the shares of Stock in such over-the-counter market for the last preceding date on which there was a sale of such Stock in such market, or (iii)
if the shares of Stock are not then listed on a national securities exchange or traded in an over-the-counter market, such value as the Committee, in its sole discretion, shall determine. 

               (k) "Grantee" means a person who, as a non-employee director, officer or other employee of the Company or a Parent or Subsidiary of the
Company, has been granted an Award under the Plan. 

               (l) "ISO" means any Option intended to be and designated as an incentive stock option within the meaning of Section 422 of the Code. 

               (m) "Non-Employee Director" means any director of the Company who is not also employed by the Company or any of its Subsidiaries. 

               (n) "NQSO" means any Option that is not designated as an ISO. 

               (o) "Option" means a right, granted to a Grantee under Section 6(b), to purchase shares of Stock. An Option may be either an ISO or an NQSO,
provided that ISOs may be granted only to employees of the Company or a Parent or Subsidiary of the Company. 

               (p) "Parent" means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the Code. 

               (q) "Performance Goals" means performance goals based on one or more of the following criteria, determined in accordance with generally accepted accounting principles where applicable: (i) earnings before or after interest, taxes, depreciation, amortization, or extraordinary or special items; (ii) net income, before or after
extraordinary or special items; (iii) return on equity (gross or net), before or after extraordinary or special items; (iv) earnings per share, before or after extraordinary or special items; and (v) stock price. Where applicable, the Performance
Goals may be 

3

expressed in terms of attaining a specified level of the particular criterion or the attainment of an increase or decrease (expressed as absolute numbers of a percentage) in the particular criterion, and may be applied to one or
more of the Company or a Parent or Subsidiary of the Company, or a division or strategic business unit of the Company, all as determined by the Committee. The Performance Goals may include a threshold level of performance below which no payment will
be made (or no vesting will occur), levels of performance at which specified payments will be paid (or specified vesting will occur), and a maximum level of performance above which no additional payment will be made (or at which full vesting will
occur). Each of the foregoing Performance Goals shall be evaluated in accordance with generally accepted accounting principles, where applicable, and shall be subject to certification by the Committee. The Committee shall have the authority to make
equitable adjustments to the Performance Goals in recognition of unusual or non-recurring events affecting the Company or any Parent or Subsidiary of the Company or the financial statements of the Company or any Parent or Subsidiary of the Company,
in response to changes in applicable laws or regulations, or to account for items of gain, loss or expense determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the disposal of a segment of a business or
related to a change in accounting principles. 

               (r) "Plan" means this Universal Power Group, Inc. 2006 Stock Option Plan, as amended from time to time. 

               (s) "Plan Year" means a calendar year. 

               (t) "Public Offering" means an offering of securities of the Company that is registered with the Securities and Exchange Commission. 

               (u) "Stock" means shares of common stock, par value $0.01 per share, of the Company. 

               (v) "Subsidiary" means a "subsidiary corporation," whether now or hereafter existing, as defined in Section 424(f) of the Code. 

     3. Administration. 

     The Plan shall be administered by the Board or by such Committee that the Board may appoint for this purpose. If a Committee is appointed to administer the Plan, all references herein to the
"Committee" shall be references to such Committee. If no Committee is appointed by the Board to administer the Plan, all references herein to the "Committee" shall be references to the Board. The Committee shall have the authority in its discretion,
subject to and not inconsistent with the express provisions of the Plan, to administer the Plan and to exercise all the powers and authorities either specifically granted to it under the Plan or necessary or advisable in the administration of the
Plan, including, without limitation, the authority to grant Awards; to determine the persons to whom and the time or times at which Awards shall be granted; to determine the type and number of Awards to be granted, the number of shares of Stock to
which an Award may relate and the terms, conditions, restrictions and performance criteria relating 

4

to any Award, including but not limited to the effect of a Change in Control upon any Award; to determine, at the time of grant or thereafter, whether and to what extent the vesting or payment of any Award may be
accelerated; to determine Performance Goals no later than such time as required to ensure that an underlying Award which is intended to comply with the requirements of Section 162(m) of the
Code so complies; and to determine whether, to what extent, and under what circumstances an Award may be settled, cancelled, forfeited, exchanged, or surrendered; to make adjustments in the terms and conditions of, and the Performance Goals (if any)
included in, Awards; to construe and interpret the Plan and any Award; to prescribe, amend and rescind rules and regulations relating to the Plan; to determine the terms and provisions of the Award Agreements (which need not be identical for each
Grantee but which shall be substantially in the form attached hereto as Exhibit A); and to make all other determinations deemed necessary or advisable for the administration of the Plan. Notwithstanding the foregoing, neither the Board, the
Committee nor their respective delegates shall have the authority to reprice (or cancel and regrant) any Option or, if applicable, other Award at a lower exercise, base or purchase price without first obtaining the approval of the Company's
stockholders. 

     The Committee may appoint a chairperson and a secretary and may make such rules and regulations for the conduct of its business as it shall deem advisable, and shall keep minutes of its meetings. All
determinations of the Committee shall be made by a majority of its members either present in person or participating by conference telephone at a meeting or by written consent. The Committee may delegate to one or more of its members or to one or
more agents such administrative duties as it may deem advisable, and the Committee or any person to whom it has delegated duties as aforesaid may employ one or more persons to render advice with respect to any responsibility the Committee or such
person may have under the Plan. All decisions, determinations and interpretations of the Committee shall be final and binding on all persons, including but not limited to the Company, any Parent or Subsidiary of the Company or any Grantee (or any
person claiming any rights under the Plan from or through any Grantee) and any stockholder. 

     No member of the Board or Committee shall be liable for any action taken or determination made in good faith with respect to the Plan or any Award granted hereunder. 

     4. Eligibility.

     Awards may be granted to selected Non-Employee Directors, officers and other employees, advisors or consultants of the Company or any Parent or Subsidiary of the Company, in the discretion of the
Committee. In determining the persons to whom Awards shall be granted and the type of any Award (including the number of shares to be covered by such Award), the Committee shall take into account such factors as the Committee shall deem relevant in
connection with accomplishing the purposes of the Plan. 

5

     5. Stock Subject to the Plan.

     The maximum number of shares of Stock reserved for the grant of Awards under the Plan shall be 1,250,000,
subject to adjustment as provided herein. No more than 500,000 shares of Stock may be made subject to Options to a single individual in a single Plan Year, subject to adjustment as provided herein. Determinations made
in respect of the limitations set forth in the immediately preceding sentence shall be made in a manner consistent with Section 162(m) of the Code. Such shares may, in whole or in part, be authorized but unissued shares or shares that shall have
been or may be reacquired by the Company in the open market, in private transactions or otherwise. If any shares subject to an Award are forfeited, cancelled, exchanged or surrendered or if an Award terminates or expires without a distribution of
shares to the Grantee, or if shares of Stock are surrendered or withheld as payment of either the exercise price of an Award and/or withholding taxes in respect of an Award, the shares of Stock with respect to such Award shall, to the extent of any
such forfeiture, cancellation, exchange, surrender, withholding, termination or expiration, again be available for Awards under the Plan. Upon the exercise of any Award granted in tandem with any Awards such related Awards shall be cancelled to the
extent of the number of shares of Stock as to which the Award is exercised and, notwithstanding the foregoing, such number of shares shall no longer be available for Awards under the Plan. 

     In the event that the Committee shall determine that any dividend or other distribution (whether in the form of cash, stock, or other property), recapitalization, stock split, reverse split,
reorganization, merger, consolidation, spin-off, combination, repurchase, or share exchange, or other similar corporate transaction or event, affects the Stock such that an adjustment is appropriate in order to prevent dilution or enlargement of the
rights of Grantees under the Plan, then the Committee shall make such equitable changes or adjustments as it deems necessary or appropriate to any or all of (i) the number and kind of shares of Stock or other property (including cash) that may
thereafter be issued in connection with Awards, (ii) the number and kind of shares of Stock or other property (including cash) issued or issuable in respect of outstanding Awards, (iii) the exercise price, grant price, or purchase price relating to
any Award; provided, that, with respect to ISOs, such adjustment shall be made in accordance with Section 424(h) of the Code; and (iv) the Performance Goals applicable to outstanding Awards. 

     6. Specific Terms of Awards. 

               (a) General. The Committee is authorized to grant the Awards described in this Section 6, under such terms and
conditions as deemed by the Committee to be consistent with the purposes of the Plan. Each Award granted under the Plan shall be evidenced by an Award Agreement containing such terms and conditions applicable to such Award as the Committee shall
determine at the date of grant or thereafter. Subject to the terms of the Plan and any applicable Award Agreement, payments to be made by the Company or a Parent or Subsidiary of the Company upon the grant, maturation, or exercise of an Award may be
made in such forms as the Committee shall determine at the date of grant or thereafter, including, without limitation, cash, Stock, or other property, and may be made in a single payment or transfer, in installments, or on a deferred
basis.

6

The Committee may make rules relating to installment or deferred payments with respect to Awards, including the rate of interest to be credited with respect to such payments. In addition to the foregoing, the Committee may impose
on any Award or the exercise thereof, at the date of grant or thereafter, such additional terms and conditions, not inconsistent with the provisions of the Plan, as the Committee shall determine. 

               (b) Options. The Committee is authorized to grant Options to Grantees on the following terms and conditions:

      (i) Type
      of Award. The Award Agreement evidencing
      the grant of an Option under the Plan shall designate the Option as an
      ISO or an NQSO. 

      (ii) Exercise
      Price. The exercise price per share of Stock
      purchasable under an Option shall be determined by the Committee, but in
      no event shall the exercise price of any Option be less than the Fair Market
      Value of a share of Stock on the date of grant of such Option. The exercise
      price for Stock subject to an Option may be paid in cash or by an exchange
      of Stock previously owned by the Grantee for at least six months (if acquired
      from the Company), through a "broker cashless exercise" procedure approved
      by the Committee (to the extent permitted by law), or a combination of
      the above, in any case in an amount having a combined value equal to such
      exercise price. An Award Agreement may provide that a Grantee may pay all
      or a portion of the aggregate exercise price by having shares of Stock
      with a Fair Market Value on the date of exercise equal to the aggregate
      exercise price withheld by the Company. 

      (iii) Term
      and Exercisability of Options. The date on
      which the Committee adopts a resolution expressly granting an Option shall
      be considered the day on which such Option is granted. Options shall be
      exercisable over the exercise period (which shall not exceed ten years
      from the date of grant), at such times and upon such conditions as the
      Committee may determine, as reflected in the Award Agreement; provided,
      that the Committee shall have the authority to accelerate the exercisability
      of any outstanding Option at such time and under such circumstances as
      it, in its sole discretion, deems appropriate. An Option may be exercised
      to the extent of any or all full shares of Stock as to which the Option
      has become exercisable, by giving written notice of such exercise to the
      Committee or its designated agent. 

      (iv) Termination
      of Relationship. An Option may not be exercised
      unless the Grantee is then a director of, in the employ of, or otherwise
      providing services to the Company or a Parent or Subsidiary of the Company,
      and unless the Grantee has remained continuously so employed, or continuously
      maintained such relationship, since the date of grant of the Option; provided,
      that the Award Agreement may contain provisions extending the exercisability
      of Options, in the event of 

7

 specified terminations, to a
    date not later than the expiration date of such Option. 

      (v) Other
      Provisions. Options may be subject to such
      other conditions including, but not limited to, restrictions on transferability
      of the shares acquired upon exercise of such Options, as the Committee
      may prescribe in its discretion or as may be required by applicable law. 

 7. General
      Provisions. 

                (a) Nontransferability.
    Unless otherwise provided in an Award Agreement, Awards shall not be transferable
    by a Grantee except by will or the laws of descent and distribution and shall
    be exercisable during the lifetime of a Grantee only by such Grantee or his
guardian or legal representative. 

               (b) No Right to Continued Employment, etc. Nothing in the Plan or in any Award, any Award Agreement or other
agreement entered into pursuant hereto shall confer upon any Grantee the right to continue in the employ of or to continue as a director of the Company or any Parent or Subsidiary of the Company or to be entitled to any remuneration or benefits not
set forth in the Plan or such Award Agreement or other agreement or to interfere with or limit in any way the right of the Company or any such Parent or Subsidiary to terminate such Grantee's employment, or director or independent contractor
relationship. 

               (c) Taxes. The Company or any Parent or Subsidiary of the Company is authorized to withhold from any Award
granted, any payment relating to an Award under the Plan, including from a distribution of Stock, or any other payment to a Grantee, amounts of withholding and other taxes due in connection with any transaction involving an Award, and to take such
other action as the Committee may deem advisable to enable the Company and Grantees to satisfy obligations for the payment of withholding taxes and other tax obligations relating to any Award. This authority shall include authority to withhold or
receive Stock or other property and to make cash payments in respect thereof in satisfaction of a Grantee's tax obligations. The Committee may provide in the Award Agreement that in the event that a Grantee is required to pay any amount to be
withheld in connection with the issuance of shares of Stock in settlement or exercise of an Award, the Grantee may satisfy such obligation (in whole or in part) by electing to have a portion of the shares of Stock to be received upon settlement or
exercise of such Award equal to the minimum amount required to be withheld. 

          (d) Stockholder Approval; Amendment and Termination.

           (i) The
    Plan shall take effect upon its adoption by the Board but the Plan (and any
    grants of Awards made prior to the stockholder approval mentioned herein)
    shall be subject to the requisite approval of the stockholders of the Company.
    In the event that the stockholders of the Company do not ratify the Plan
    at a meeting of the stockholders at which such issue is considered and voted
    upon, then upon 

 

8

 such event the Plan and all rights
    hereunder shall immediately terminate and no Grantee (or any permitted transferee
    thereof) shall have any remaining rights under the Plan or any Award Agreement
    entered into in connection herewith. 

      (ii) The
    Board may at any time and from time to time alter, amend, suspend, or terminate
    the Plan in whole or in part; provided, however, that unless otherwise determined
    by the Board, an amendment that requires stockholder approval in order for
    the Plan to continue to comply with Section 162(m) or any other law, regulation
    or stock exchange requirement shall not be effective unless approved by the
    requisite vote of stockholders. Notwithstanding the foregoing, no amendment
    to or termination of the Plan shall affect adversely any of the rights of
    any Grantee, without such Grantee's consent, under any Award theretofore
    granted under the Plan. 

               (e) Expiration of Plan. Unless earlier terminated by the Board pursuant to the provisions of the Plan, the
Plan shall expire on the tenth anniversary of the Effective Date. No Awards shall be granted under the Plan after such expiration date. The expiration of the Plan shall not affect adversely any of the rights of any Grantee, without such Grantee's
consent, under any Award theretofore granted. 

               (f) Deferrals. The Committee shall have the authority to establish such procedures and programs that it deems
appropriate to provide Grantees with the ability to defer receipt of cash, Stock or other property payable with respect to Awards granted under the Plan. 

               (g) No Rights to Awards; No Stockholder Rights. No Grantee shall have any claim to be granted any Award under
the Plan, and there is no obligation for uniformity of treatment of Grantees. Except as provided specifically herein, a Grantee or a transferee of an Award shall have no rights as a stockholder with respect to any shares covered by the Award until
the date of the issuance of a stock certificate to him for such shares. 

               (h) Unfunded Status of Awards. The Plan is intended to constitute an "unfunded" plan for incentive and
deferred compensation. With respect to any payments not yet made to a Grantee pursuant to an Award, nothing contained in the Plan or any Award shall give any such Grantee any rights that are greater than those of a general creditor of the Company.

               (i) No Fractional Shares. No fractional shares of Stock shall be issued or delivered pursuant to the Plan or
any Award. The Committee shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.

  9
  
  
  

               (j) Regulations and Other Approvals.

      (i) The
    obligation of the Company to sell or deliver Stock with respect to any Award
    granted under the Plan shall be subject to all applicable laws, rules and
    regulations, including all applicable federal and state securities laws and
    the applicable laws, rules and regulations of non-U.S. jurisdictions, and
    the obtaining of all such approvals by governmental agencies as may be deemed
    necessary or appropriate by the Committee. 

      (ii) Each
    Award is subject to the requirement that, if at any time the Committee determines,
    in its absolute discretion, that the listing, registration or qualification
    of Stock issuable pursuant to the Plan is required by any securities exchange
    or under any state or federal law or any applicable law, rule or regulation
    of a non-U.S. jurisdiction, or the consent or approval of any governmental
    regulatory body is necessary or desirable as a condition of, or in connection
    with, the grant of an Award or the issuance of Stock, no such Award shall
    be granted or payment made or Stock issued, in whole or in part, unless listing,
    registration, qualification, consent or approval has been effected or obtained
    free of any conditions not acceptable to the Committee. 

      (iii) In
    the event that the disposition of Stock acquired pursuant to the Plan is
    not covered by a then current registration statement under the Securities
    Act and is not otherwise exempt from such registration, such Stock shall
    be restricted against transfer to the extent required by the Securities Act
    or regulations thereunder, and the Committee may require a Grantee receiving
    Stock pursuant to the Plan, as a condition precedent to receipt of such Stock,
    to represent to the Company in writing that the Stock acquired by such Grantee
    is acquired for investment only and not with a view to distribution. 

      (iv) The
    Committee may require a Grantee receiving Stock pursuant to the Plan, as
    a condition precedent to receipt of such Stock, to enter into a stockholder
    agreement or "lock-up" agreement in such form as the Committee shall determine
    is necessary or desirable to further the Company's interests. 

               (k) Governing Law. The Plan and all determinations made and actions taken pursuant hereto shall be governed by
the laws of the State of Texas without giving effect to the conflict of laws principles thereof. 

10

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