Document:

Form of Stock Option Agreement

 Exhibit 4.4 
  
 LESLIE’S POOLMART, INC. 
 STOCK OPTION AGREEMENT 
 2005 STOCK OPTION PLAN 
  
 THIS AGREEMENT (the “Agreement”) is entered into as
of the 14th day of October, 2005 (the “Grant Date”), between Leslie’s Poolmart, Inc., a Delaware corporation (the “Company”), and
                     (the “Optionee”). 
  
 R E C I T A L S 
  
 A. The Board of Directors of the Company (the “Board”) has
established the Company’s 2005 Stock Option Plan (the “Plan”) in order to provide key employees of the Company with an opportunity to acquire shares of the Company’s common stock, par value $.001 per share (“Common
Stock”). 
  
 B. The Board regards the Optionee as a key
employee as contemplated by the Plan and has determined that it would be in the best interests of the Company and its stockholders to grant the stock option described in this Agreement to the Optionee as an inducement to remain in the service of the
Company and its subsidiaries, and as an incentive for promoting efforts during such service. 
  
 NOW, THEREFORE, it is agreed as follows: 
  
 1. Definitions and Incorporation. Unless otherwise defined herein or the context otherwise requires, the capitalized terms used in this Agreement shall have the meanings given to such terms in the Plan.
The Plan is hereby incorporated in and made a part of this Agreement as if fully set forth herein. The Optionee hereby acknowledges that he or she has received a copy of the Plan.  
  
 2. Grant of Stock Option. Pursuant to the Plan, the Company hereby grants to the Optionee as of the Grant Date
the stock option (the “Stock Option”) to purchase all or any part of an aggregate of                      shares of Common
Stock (the “Option Shares”), subject to adjustment in accordance with Section 6 of the Plan. The Stock Option is intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code.
By accepting this Stock Option, the Optionee irrevocably agrees on behalf of the Optionee and the Optionee’s successors and permitted assigns to all of the terms and conditions of the Stock Option as set forth in or pursuant to this Agreement
and the Plan (as such may be amended from time to time). 
  
 3. Stock Option Price. The price to be paid for Common Stock upon exercise of the Stock Option or any part thereof shall be $1.00 per share (the “Exercise Price”), subject to adjustment in accordance with
Section 6 of the Plan. 
  
 4. Right to
Exercise. Subject to the conditions set forth in this Agreement and the Plan, the right to exercise the Stock Option shall accrue in accordance with Schedule 1 attached hereto and hereby made a part hereof. 
  

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 5. Securities Law Requirements. No part of the Stock Option shall be exercised if the
Company determines that any applicable registration requirement under the Securities Act of 1933 (the “Act”). In addition, the Company may impose such restrictions, conditions or limitations as it determines appropriate as to the
timing and manner of any exercise of the Stock Option and/or any resales by the Optionee or other subsequent transfers by the Participant of any Option Shares issued as a result of the exercise of the Stock Option, including without limitation
(a) restrictions under an insider trading policy, (b) restrictions that may be necessary in the absence of an effective registration statement under the Securities Act of 1933, as amended, covering the Stock Option and/or the Option Shares
and (c) restrictions as to the use of a specified brokerage firm or other agent for exercising the Stock Option and/or for such resales or other transfers. The sale of the Option Shares underlying the Option must also comply with other
applicable laws and regulations governing the sale of such shares.  
  
 6. Term of Stock Option. The Stock Option shall terminate in any event on the earliest of (a) August 4, 2015, at 11:59 P.M. Arizona time, (b) the expiration of the period described in
Section 7 below or (c) the expiration of the period described in Section 8 below. The Stock Option shall also terminate as provided in the Plan or elsewhere in this Agreement. 
  
 7. Exercise Following Cessation of Employment or Service. If
the Optionee’s employment or service with the Company ceases for any reason or no reason, whether voluntarily or involuntarily, with or without cause, other than by reason of Optionee’s death or disability, as determined in accordance with
the Company’s benefit plans and policies in effect from time to time (“Disability”), the Stock Option (to the extent it has not previously been exercised and is exercisable at the time of such cessation) may be exercised within
three (3) months after the date of such cessation. The Stock Option, to the extent it is not exercisable at the time of Optionee’s cessation of employment or service with the Company, shall terminate immediately upon such cessation. The
foregoing notwithstanding, the Stock Option shall cease to be exercisable on the date of such cessation if such cessation arises out of termination of Optionee’s employment for misconduct. For this purpose, “misconduct” shall
mean conviction of a felony, misappropriation of the assets of the Company or any Subsidiary, continued or repeated insobriety, illegal use of drugs, continued or repeated absence from service during the usual working hours of the Optionee’s
position for reasons other than Disability or sickness, or refusal to carry out the reasonable direction of the Board or of the President or Chief Executive Officer of the Company or of any other person designated by such President or Chief
Executive Officer; provided that to the extent that Optionee is a party to an employment agreement with the Company or any Subsidiary of the Company that includes a definition of the term “Cause”, “misconduct” shall
have the meaning assigned to “Cause” in such employment agreement. Any determination of misconduct by the Committee made in good faith shall be final and binding upon the Company and the Optionee and all persons claiming
under or through them. 
  
 8. Exercise Following
Death or Disability. If the Optionee’s employment or service with the Company ceases by reason of the Optionee’s death or Disability, or if the Optionee dies after cessation of employment or service but while the Stock Option would
have been exercisable hereunder, the Stock Option (to the extent it has not previously been exercised and is exercisable at the time of cessation) may be exercised within six (6) months after the date of the Optionee’s death or cessation
by reason of Disability. In case of death, the exercise may be made by his or her representative, named beneficiary, or by the person entitled thereto under 
  

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 the Optionee’s will or the laws of descent and distribution; provided that such representative, named
beneficiary, or such person consents in writing to abide by and be subject to the terms of the Plan and this Agreement and such writing is delivered to the President or Chief Executive Officer of the Company. 
  
 9. Time of Cessation of Service. For the purposes of this
Agreement, the Optionee’s employment or service shall be deemed to have ceased on the earlier of (a) the date when the Optionee’s employment or service in fact ceased or (b) the date when the Optionee gave or received written
notice that his or her employment or service is to cease. 
  
 10. Nontransferability. Except as provided in Section 8 above, the Stock Option shall be exercisable during the Optionee’s lifetime only by the Optionee or by the Optionee’s guardian or legal representative and
shall be nontransferable, except that the Optionee may transfer all or any part of the Stock Option without consideration, upon written notice to the Committee, to a trustee of a revocable inter vivos trust established by the Optionee for the
benefit of the Optionee during his or her lifetime. All or any part of the Stock Option may be transferred upon the Optionee’s death only by will, by the laws of descent and distribution, or pursuant to a written beneficiary designation
previously presented to and accepted by the Committee. Except as otherwise provided herein, any attempted alienation, assignment, pledge, hypothecation, attachment, execution or similar process, whether voluntary or involuntary, with respect to all
or any part of the Stock Option or any right thereunder, shall be null and void and, at the Company’s option, shall cause all of the Optionee’s rights under this Agreement to terminate. 
  
 11. Representations and Warranties. 
  
 (a) Purchase for Investment. The Optionee hereby represents and
warrants that: (i) the Common Stock acquired by the Optionee upon the exercise of Stock Options pursuant to this Agreement will be acquired for the Optionee’s own account for investment, without any present intention of selling or further
distributing the same and the Optionee does not have any reason to anticipate any change in the Optionee’s circumstances or any other particular occasion or event which would cause the Optionee to desire to sell any of such Common Stock and
(ii) the Optionee is fully aware that, in agreeing to sell or issue such Common Stock to the Optionee, the Company will be relying upon the truth and accuracy of these representations and warranties. 
  
 (b) No Trading Market. The Optionee acknowledges that no trading
market for the Common Stock exists currently or is expected to exist at any time in the foreseeable future and that, as a result, the Optionee may be unable to sell any of the Common Stock acquired hereunder for an indefinite period. Further, the
Company has no obligation to the Optionee to register any of the Common Stock, except as expressly provided in the Stockholders Agreement. 
  
 12. Effect of Exercise. Upon exercise of all or any part of the Stock Option, the number of Option Shares subject to the Stock Option under
this Agreement shall be reduced by the number of Option Shares with respect to which such exercise is made. 
  

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 13. Exercise of Stock Option. The Stock Option may be exercised by delivering to the
Company (a) a written notice of exercise in substantially the form prescribed from time to time by the Committee, and (b) full payment of the Exercise Price in cash (by check) for each share of Common Stock purchased under the Stock
Option. Such notice shall specify the number of Option Shares of Common Stock with respect to which the Stock Option is exercised and shall be signed by the person exercising the Stock Option. If the Stock Option is exercised by a person other than
the Optionee, such notice shall be accompanied by proof, satisfactory to the Company, of such person’s right to exercise the Stock Option. 
  
 14. Withholding Taxes. The Company shall require the Optionee to deliver payment, as a condition to the exercise of the Stock Option, of any
applicable withholding taxes (in addition to the Purchase Price) with respect to the exercise of the Stock Option. For the purposes of this Agreement, the term “Purchase Price” means the Exercise Price multiplied by the number of
Option Shares with respect to which a Stock Option is exercised. 
  
 15. Stockholder’s Agreement. By accepting this Stock Option, the Optionee hereby agrees that upon exercise of this Stock Option (or any portion hereof) the Optionee and, if applicable, the Optionee’s spouse, will be
deemed to have become a party to the Stockholders Agreement, as amended from time to time (an updated copy of which will be delivered to the Optionee prior to the time the Option is first exercised). In addition, as a condition to exercise this
Stock Option, the Optionee and, if applicable, the Optionee’s spouse, shall execute, and deliver together with the notice provided for in Section 13, the Joinder Agreement attached hereto as Exhibit A (the “Joinder
Agreement”), evidencing that the Optionee has become subject to the provisions of the Stockholders Agreement as a Management Stockholder. By accepting this Stock Option and executing this Agreement, the Optionee and, if applicable, the
Optionee’s spouse, hereby appoints the chief executive officer and general counsel of the Company his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, severally, for him or her and in
his or her name, place and stead, in any and all capacities, to sign the Joinder Agreement. 
  
 16. Issuance of Shares. Subject to the conditions of this Agreement, including, without limitation, Section 5 hereof, the Company, as
soon as reasonably practicable after receipt of a proper notice of exercise and an executed Joinder Agreement, and without transfer or issue tax or other incidental expense to the person exercising the Stock Option, shall deliver to such person at
the principal office of the Company, or such other location as may be acceptable to the Company and such person, one or more certificates for the Option Shares with respect to which the Stock Option is exercised. Such Option Shares shall be fully
paid and nonassessable and shall be issued in the name of such person. However, at the request of the Optionee, such Option Shares may be issued (i) to a trustee of a revocable inter vivos trust established by the Optionee for the benefit of
the Optionee during his or her lifetime or (ii) in the names of the Optionee and his or her spouse (a) as joint tenants with right of survivorship, (b) as community property or (c) as tenants in common without right of
survivorship. 
  
 17. Rights as Stockholder.
Neither the Optionee nor any other person entitled to exercise the Stock Option shall have any rights as a stockholder of the Company with respect to the Common Stock subject to the Stock Option until a certificate for such Option Shares has been
issued to him or her following the exercise of the Stock Option. 
  

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 18. At-Will Agreement. In consideration of the grant of this Stock Option, Optionee
understands and agrees that Optionee’s employment is at-will, and, therefore, Optionee’s employment and compensation can be terminated by Optionee or the Company, with or without cause, and with or without notice, at any time, unless
Optionee and the Company or a Subsidiary of the Company are parties to a written agreement that expressly provides otherwise. 
  
 19. Lock-Up. Optionee agrees as a condition to receipt of this Stock Option that, in connection with any public offering by the Company of
its equity securities and upon the request of the Company and the principal underwriter (if any) in such public offering, any shares of Common Stock acquired or that may be acquired upon exercise or vesting this Stock Option may not be sold, offered
for sale, encumbered, or otherwise disposed of or subjected to any transaction that may involve any sales of securities of the Company, without the prior written consent of the Company or such underwriter, as the case may be, for a period of not
more than 365 days after the effective date of the registration statement for such public offering. Each Optionee will, if requested by the Company or the principal underwriter, enter into a separate agreement to the effect of this
Section 19. 
  
 20. Notices. Any notice
to the Company contemplated by this Agreement shall be addressed to it, care of its Secretary, at its principal executive offices at the time of the giving of such notice, or such other address as the Company may specify in a notice to the Optionee;
and any notice to the Optionee shall be addressed to him or her at the address on file with the Company on the date hereof or at such other address as he or she may hereafter designate in writing. Notice shall be deemed to have been given upon
receipt or, if sooner, five (5) days after such notice has been deposited, postage prepaid, in the United States mail addressed to the address specified in the immediately preceding sentence. 
  
 21. Interpretation. The interpretation, construction,
performance and enforcement of this Agreement and of the Plan shall lie within the sole discretion of the Committee, and the Committee’s determinations shall be conclusive and binding on all interested persons. In the event of any conflict
between the terms of the Plan and this Agreement, the Plan shall govern. 
  
 22. Choice of Law. This Agreement shall be governed by and construed in accordance with the internal substantive laws (not the law of choice of laws) of the State of Delaware. 
  
 23. Integration. Except as provided in the following two
sentences or in the Plan, this Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof and may not be modified or amended except by a written agreement signed by the Company and the Optionee. This
Agreement supersedes all prior agreements and understandings between the parties with respect to its subject matter. The issuance of Stock Options and the issuance and sale of Common Stock to the Optionee pursuant to the exercise of Stock Options
hereunder is subject to, and the Company and the Optionee agree to be bound by, all of the terms and conditions of the Plan, including, without limitation, the provisions of Section 2 thereof concerning, among other things, administration and
interpretation of the Plan and awards thereunder. 
  

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 24. Waiver. No waiver of any breach or default hereunder shall be considered valid
unless in writing, and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature. 
  
 25. Successors and Assigns. Except as otherwise expressly provided herein, this Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns and the Optionee and his or her heirs and personal representatives. 
  
 26. Liquidation or Dissolution. In the event of the dissolution or liquidation of the Company, any Stock Options that have not been
exercised shall terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Board or the Committee. 
  
 27. Severability. If any provision of this Agreement shall be invalid or unenforceable, such invalidity or unenforceability shall
attach only to such provision and shall not in any manner affect or render invalid or unenforceable any other severable provision of this Agreement, and this Agreement shall be carried out as if any such invalid or unenforceable provision were not
contained herein. 
  
 28. Further Assurances.
The Optionee hereby agrees to do such further acts and things and to execute and deliver to the Company such additional conveyances, assignments, agreements, certificates and instruments as the Company from time to time may reasonably require or
deem reasonably advisable to carry into effect this Option Agreement or to further assure and confirm unto the Company the rights, powers and remedies intended to be granted hereunder or under the Plan. 
  
 29. Headings and Usage. The section and paragraph
headings contained herein are for the purposes of convenience only and are not intended to define or limit the contents of said sections and paragraphs. Words in the singular shall be read and construed as though in the plural and words in the
plural shall be read and construed as though in the singular in all cases where they would so apply. 
  
 30. Counterparts. This Agreement may be executed in one or more counterparts, all of which taken together shall be deemed one
original. 
  

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 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the date first above written. 
  

					
	LESLIE’S POOLMART, INC.	 	 
			
	By	 	  

	 	 
		
	  

	 	

	Optionee	 	Optionee’s Spouse*
		
	  

	 	

	 (Please print Optionee’s name)
	 	(Please print spouse’s name)

	*	Include signature and name of Optionee’s spouse, if Optionee is married 

  

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 SCHEDULE 1 
  
 RIGHT TO EXERCISE 
  
 Subject to the conditions set forth in this Agreement and the Plan, the right to exercise the Stock Option shall accrue as follows with respect to the
Option Shares subject to such Stock Option, subject, in each case, to the Optionee’s continued employment by the Company through each such date: 
  
 (a) Commencing October 14, 2006, the Stock Option may be exercised to the extent of one-fifth of such Option Shares. 
  
 (b) Commencing October 14, 2007, the Stock Option may be exercised to
the extent of two-fifths of such Option Shares. 
  
 (c) Commencing
October 14, 2008, the Stock Option may be exercised to the extent of three-fifths of such Option Shares. 
  
 (d) Commencing October 14, 2009, the Stock Option may be exercised to the extent of four-fifths of such Option Shares. 
  
 (e) Commencing October 14, 2010, all of the Option Shares may be
exercised to the extent they have not previously been exercised. 
  

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 EXHIBIT A 
  
 JOINDER AGREEMENT 
  
 The undersigned hereby agrees, effective upon becoming a stockholder pursuant to the exercise of the stock option to which this Joinder Agreement was
attached (the “Stock Option”), to become a Management Stockholder pursuant to the terms of the Stockholders Agreement, dated as of January 25, 2005, among the Company, certain of its stockholders (the “Stockholders
Agreement”), as in effect at the time of such exercise, an updated copy of which was provided to the undersigned prior to the exercise of the Stock Option. By exercising the Stock Option, I hereby confirm that I have read and understood the
Stockholders Agreement as in effect on the date of such exercise. 
  
 IN WITNESS WHEREOF, each of the parties hereto has executed this Joinder Agreement, in the case of the Company by its duly authorized officer, as of
                    . 
  

					
	LESLIE’S POOLMART, INC.	 	 
			
	By	 	  

	 	 
		
	  

	 	  

	Optionee	 	Optionee’s Spouse*
		
	  

	 	  

	(Please print Optionee’s name)	 	(Please print spouse’s name)

	*	Include signature and name of Optionee’s spouse, if Optionee is married 

  

 A-91993 Non-Employee Directors Stock Option Plan, as amended

 Exhibit 4.1 
  
 WORLD FUEL SERVICES CORPORATION 
  
 1993 NON-EMPLOYEE DIRECTORS STOCK OPTION PLAN 
  
 1. Purpose. The purpose of this Plan is to help attract, retain and compensate highly qualified individuals who are not current employees of World Fuel
Services Corporation (the “Company”) as members of the Board of Directors and, by encouraging ownership of a stock interest in the Company, to gain for the Company the advantages inherent in directors having a greater personal financial
investment in the Company. 
  
 2. Definitions. As used herein, the
following terms shall have the meanings indicated: 
  
 “Annual Meeting” means the annual meeting of the Company’s shareholders at which the Directors are elected. 
  
 “Annual Meeting Date” means the date of the Annual Meeting. 
  
 “Board” means the Company’s Board of Directors. 
  
 “Code” means the Internal Revenue Code of 1986, as
amended. 
  
 “Common Stock” means the
Common Stock, par value $.01 per share, of the Company. 
  
 “Company” refers to World Fuel Services Corporation, a Florida corporation. 
  
 “Director” means a member of the Board. 
  
 “Eligible Director” means any person who is a member of the Board and who is not an employee, full
time or part time, of the Company. 
  
 “Expiration Date” is the date specified in Section 7.4. 
  
 “Fair Market Value” of the Common Stock on any date of reference means the Closing Price of the Common Stock on the business day
immediately preceding such date. For this purpose, the Closing Price of the Common Stock on any business day shall be (i) if such Common Stock is listed or admitted for trading on any United States national securities exchange, or if actual
transactions are otherwise reported on a consolidated transaction reporting system, the last reported sale price of Common Stock on such exchange or reporting system, as reported in any newspaper of general circulation, (ii) if the Common Stock
is quoted on the National Association of Securities Dealers Automated Quotations System (“NASDAQ”), or any similar system of automated dissemination of quotations of 

 securities prices in common use, the closing bid quotation for such day of the Common Stock on such
system, or (iii) if neither clause (i) or (ii) is applicable, the mean between the high bid and low ask quotations for the Common Stock as reported by the National Quotation Bureau, Incorporated if at least two securities dealers have
inserted both bid and ask quotations for the Common Stock on at least 5 of the 10 preceding days. 
  
 “Initial Grant Date” means the date on which a person is first elected as a member of the Board, or the effective date of this
Plan in the case of persons who were members of the Board prior to the adoption of this Plan. 
  
 “Option” (when capitalized) means any stock option granted under this Plan. 
  
 “Option Agreement” means the agreement between the
Company and the Optionee for the grant of an option. 
  
 “Option Period” means the five-year period between the date an Option is granted and the expiration date of the Option. 
  
 “Optionee” means a person to whom a stock option is granted under this Plan or any person who succeeds to the rights of such
person under this Plan by reason of the death of such person. 
  
 “Plan” shall mean this 1993 Non-Employee Directors’ Stock Option Plan for the Company. 
  
 “Share(s)” shall mean a share or shares of the Common Stock. 
  
 3. Shares and Options. Subject to Section 9 of this Plan, the Company may grant to Optionees from time to time Options
to purchase an aggregate of up to 250,000 Shares from authorized and unissued Shares. If any Option granted under the Plan shall terminate, expire, or be cancelled or surrendered as to any Shares, new Options may thereafter be granted covering such
Shares. 
  
 4. Grants of Options. Each Eligible Director shall
receive an initial grant of an Option to purchase 5,000 Shares on the Initial Grant Date; provided, that if a Director is not elected at an Annual Meeting, the initial grant shall be reduced to a prorated amount, based on the number of days the
Director will serve prior to the next Annual Meeting. In addition, each Eligible Director who is re-elected to serve as a director on the Annual Meeting Date, shall be granted an option to purchase 5,000 Shares each year on the Annual Meeting Date.
On the grant of each Option, the Company and the Eligible Director shall enter into an Option Agreement, which shall specify the grant date and the exercise price and shall include or incorporate by reference the substance of this Plan and such
other provisions consistent with this Plan as the Board may determine. 

 5. Exercise Price. The exercise price per Share of any Option shall be the Fair Market Value of the
Shares underlying such Option on the date such Option is granted. 
  
 6. Exercise of Options. An Option shall be deemed exercised when (i) the Company has received written notice of such exercise in accordance with the terms of the relevant Option Agreement, (ii) full payment of the aggregate
exercise price of the Shares as to which the Option is exercised has been made, and (iii) arrangements that are satisfactory to the Board in its sole discretion have been made for the Optionee’s payment to the Company of the amount that is
necessary for the Company to withhold in accordance with applicable Federal or state tax withholding requirements. The exercise price of any Shares purchased, and any required tax payment, shall be payable in cash or by tendering, either by actual
delivery of shares or by attestation, Shares acceptable to the Committee, or in any combination thereof, as determined by the Committee. If payment is made in cash, it may be made by certified or official bank check, personal check or money order.
If payment is made by the tender of Shares, the Fair Market Value of each such Share shall be determined as of the day the Shares are tendered for payment or, if no sale has been made on such date, then on the last preceding day on which such sale
shall have been made. Any excess of the value of the tendered Shares over the purchase price will be returned to the Optionee as follows: 
  
 (i) Any whole Shares remaining in excess of the purchase price will be returned to the Optionee in kind, and may be represented by one or more
certificates as determined by the Company in its sole discretion. 
  
 (ii) Any partial Shares remaining in excess of the purchase price will be returned to the Optionee in cash. 
  
 No Optionee shall be deemed to be a holder of any Shares subject to an Option unless and until a stock certificate or certificates for such Shares are issued to such
person(s) under the terms of the Plan. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to the date such stock
certificate is issued, except as expressly provided in Section 9 hereof. 
  
 7. Exercise Schedule for Options. 
  
 7.1 Each Option granted hereunder upon the Initial Grant Date shall be exercisable immediately as of the date of grant. 
  
 7.2 Each Option granted hereunder upon an Eligible Director’s re-election to the Board shall beexercisable immediately as of the date of grant.

  
 7.3 [Intentionally deleted] 
  
 7.4 The expiration date of an Option (“Expiration Date”) shall be 5
years from the date of grant of the Option, subject to earlier termination pursuant to Section 8. 

 8. Termination of Option Period. An Optionee whose directorship terminates for any reason other than
death or disability (as defined in Section 105(d)(4) of the Code) shall be entitled to exercise his Options at any time prior to the earlier of: (a) two (2) years after the date he ceases to serve as a director; or (b) the
Expiration Date. After such period, such Options shall be null and void. In the case of termination of the directorship by reason of the Director’s death or disability within the meaning of Section 105(d)(4) of the Code, the period to
exercise his Options shall be twelve (12) months following the date of death or disability, subject to the earlier expiration of the Option Period. The estate of an Optionee who dies, or a person who acquires the right to exercise an Option by
bequest or inheritance or by reason of the death of the Optionee, may exercise the Option only within the twelve-month period after the death of the Optionee, subject to the earlier expiration of the Option Period. 
  
 9. Adjustment of Shares. 
  
 9.1 Option Agreements evidencing Options shall be subject to adjustment by
the Board as to the number and price of Shares subject to such Options in the event of changes in the outstanding Shares by reason of stock dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations, combinations,
exchanges, or other relevant changes in capitalization occurring after the date of grant of any such Option. In the event of any such change in the outstanding Shares, the aggregate number of Shares available under the Plan shall be appropriately
adjusted by the Board, whose determination shall be conclusive. 
  
 9.2 Except as otherwise expressly provided herein, the issuance by the Company of shares of its capital stock of any class, or securities convertible into shares of capital stock of any class, either in connection with a direct sale or upon
the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect
to, the number or exercise price of the Shares then subject to outstanding Options granted under the Plan. 
  
 9.3 Without limiting the generality of the foregoing, the existence of outstanding Options granted under the Plan shall not affect in any manner the right
or power of the Company to make, authorize or consummate (i) any or all adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its business; (ii) any merger or consolidation of the
Company; (iii) any issue by the Company of debt securities, or preferred or preference stock that would rank above the Shares subject to outstanding Options; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer
or assignment of all or any part of the assets or business of the Company; or (vi) any other corporate act or proceedings, whether of a similar character or otherwise. 
  
 10. Transferability of Options. Each Option shall provide that such Option shall not be transferable by the Optionee
otherwise than by will or the laws of descent and distribution, and each Option shall be exercisable during the Optionee’s lifetime only by the Optionee. 

 11. Issuance of Shares. As a condition of any sale or issuance of Shares upon exercise of any Option, the
Board may require such agreements or undertakings, if any, as the Board may deem necessary or advisable to assure compliance with any applicable law or regulation including, but not limited to, the following: 
  
 (a) a representation and warranty by the Optionee to the Company, at the
time any Option is exercised, that Optionee is acquiring the Shares to be issued for investment and not with a view to, or for sale in connection with, the distribution of any such Shares; and 
  
 (b) a representation, warranty and/or agreement to be bound by any legends
that are, in the opinion of the Board, necessary or appropriate to comply with the provisions of any securities law deemed by the Board to be applicable to the issuance of the Shares and are endorsed upon the Share certificates. 
  
 12. Administration of the Plan. The Plan shall be administered by the Board,
which shall have the authority to adopt such rules and regulations and to make such determinations as are not inconsistent with the Plan and as are necessary or desirable for the implementation and administration of the Plan, provided that the Board
does not have any discretion with respect to the grant of options under the Plan. 
  
 13. Interpretation. 
  
 13.1 If
any provision of the Plan should be held invalid or illegal for any reason, such determination shall not affect the remaining provisions hereof, but instead the Plan shall be construed and enforced as if such provision had never been included in the
Plan. Without limiting the generality of the foregoing, Option grants, exercises and other transactions under this Plan are intended to be exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3(d). To the extent any provision of
the Plan or action by the Board hereunder is inconsistent with the foregoing requirements, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Board. 
  
 13.2 The determinations and the interpretation and construction of any
provision of the Plan by the Board shall be final and conclusive. This Plan shall be governed by the laws of the State of Florida. Headings contained in this Plan are for convenience only and shall in no manner be construed as part of this Plan. Any
reference to the masculine, feminine, or neuter gender shall be a reference to such other gender as is appropriate. 
  
 13.3 The provisions of Sections 7.1 and 8 shall supersede any contrary provisions contained in Option Agreements entered into prior to December 9,
2002. 

 14. Term of Plan; Amendment and Termination of the Plan. 
  
 14.1 This Plan is effective as of December 15, 1993, the date of its
original adoption by the Board, subject to approval by the affirmative vote of the holders of a majority of the Shares present or represented and entitled to vote at the next Annual Meeting of Shareholders of the Company, which is scheduled to be
held in 1994. This Plan shall continue in effect until all Options granted hereunder have expired or been exercised, unless sooner terminated under the provisions relating thereto. No Option shall be granted after December 15, 2008. 

 
 14.2 The Board may from time to time amend, terminate or suspend the Plan
or any Option; provided, however that, except to the extent provided in Section 9, no such amendment may (i) without approval by the Company’s shareholders, increase the number of Shares reserved for Options or change the class of
persons eligible to receive Options or involve any other change or modification requiring shareholder approval under Rule 16b-3 of the Exchange Act; (ii) permit the granting of Options that expire beyond the maximum 5-year period described in
Subsection 7.4; (iii) extend the termination date of the Plan as set forth in Section 14.1; or (iv) give the directors discretion with respect to the grant of options; and, provided further, that, except to the extent otherwise
specifically provided in Section 8, no amendment, termination or suspension of the Plan or any Option issued hereunder shall substantially impair any Option previously granted to any Optionee without the consent of such Optionee. Any
termination or suspension of the Plan shall not affect Options already granted and such Options shall remain in full force and effect as if this Plan had not been terminated or suspended. No Option may be granted while the Plan is suspended or after
it is terminated. 
  
 14.3 Notwithstanding anything else contained
herein, the provisions of this Plan which govern the number of Options to be awarded to Directors, the exercise price per share under each such Option, when and under what circumstances an Option will be granted, and the period within which each
Option may be exercised, shall not be amended more than once every six months (even with shareholder approval), other than to conform to changes in the Code, or the rules promulgated thereunder, and under the Employee Retirement Income Security Act
of 1974, as amended, or the rules promulgated thereunder, or with rules promulgated by the Securities and Exchange Commission. 
  
 15. Reservation of Shares. The Company, during the term of the Plan, will at all times reserve and keep available a number of Shares as shall be
sufficient to satisfy the requirements of the Plan. 
  
 Amended and Restated on
May 27, 2004

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