Document:

Exhibit 10.1

                             TIME SHARING AGREEMENT

     This Time Sharing Agreement, made as of this 14th day of September, 2007 by
and  between  H. J.  Heinz  Company,  600  Grant  Street,  Pittsburgh,  PA 15219
("Heinz"),  and William R. Johnson,  in care of H. J. Heinz  Company,  600 Grant
Street, Pittsburgh, PA. 15219 ("Lessee").

                                    RECITALS

     1) WHEREAS, Heinz owns a Gulfstream IV SP aircraft registered in the United
States bearing  Registration  No. N257H and  Manufacturer's  Serial No. 1223 and
leases a  Gulfstream  IV SP aircraft  registered  in the United  States  bearing
Registration No. N457H and Manufacturer's Serial No. 1462 (the "Aircraft," which
shall  refer to the  either  aircraft  involved  in a  specific  flight  or both
aircraft Nos. N457H and N257H for other  references,  provided that the Aircraft
with  Serial  No.  1462  may also be  specifically  referred  to as the  "Leased
Aircraft" as defined hereinbelow) ; and

     2) WHEREAS,  Lessee  desires to lease the  Aircraft  from time to time from
Heinz and Heinz is willing  to lease the  Aircraft  to Lessee  for such  purpose
under the terms hereof; and

     3) WHEREAS,  Banc of America Leasing & Capital, LLC (the "Owner"),  has the
right  to lease  that  certain  Gulfstream  IV SP  aircraft  (Serial  No.  1462;
Registration No. N457H), together with all related engines,  avionics,  systems,
equipment,  flight  and  maintenance  manuals  and log books  (collectively  and
specifically the "Leased Aircraft");

     4) WHEREAS, Heinz leases the Leased Aircraft on an exclusive basis from the
Owner  pursuant to the terms of that  certain  Aircraft  Lease  Agreement  dated
February 1, 2006 by and between the Owner and Heinz (the "Lease");

     5) WHEREAS,  pursuant to the certain  Consent to  timeshare  by and between
Owner and Heinz,  Owner has consented to the timeshare of the Leased Aircraft by
Heinz;

     6) WHEREAS, Heinz and Lessee have agreed on the lease of the Aircraft under
this Time Sharing Agreement set forth herein and for the consideration expressed
herein; and

     7) WHEREAS,  this Time Sharing Agreement is entered into in recognition and
contemplation  of the authority to do so under the applicable  provisions of the
U.S. Federal Aviation  Regulations  ("FAR"),  in particular 14 C.F.R. ss. 91.501
(b)(6).

<PAGE>

         NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereto agree as follows:

                                    ARTICLE I
                                Lease of Aircraft

     1.1 Heinz  shall make an  Aircraft  available  to Lessee from time to time,
with a flight  crew for the  operation  thereof,  at such times as are  mutually
agreed by Heinz and Lessee during the term hereof.  Lessee's use of the Aircraft
shall constitute a non-exclusive lease.

     1.2 Lessee shall pay Heinz no less than the actual  expenses of each flight
conducted under this Agreement,  provided,  however, in no case shall the amount
paid to Heinz  exceed  the amount  authorized  to be paid  pursuant  to FAR Part
91.501 (d). FAR Part 91.501  authorizes  payment of some or all of the following
expenses of each flight:

     (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)  Passenger ground transportation;

     (i)  Flight planning and weather contract services; and

     (j)  An additional  charge equal to 100% of the expenses  listed in subpart
          (a) above.

     1.3 Heinz shall pay all expenses  related to the  operation of the Aircraft
and will  provide an invoice to Lessee for the  expenses as described in Section
1.2  above  within 15 days  after  the end of the  month in which any  flight or
flights for the  account of the Lessee  occur.  Lessee  shall pay Heinz for said
expenses within 30 days of receipt of the invoice.

     1.4 Lessee will  provide  Heinz with  requests for flight time and proposed
flight schedules as far in advance of any given flight as possible. Requests for
flight time shall be in a form, whether written or oral, mutually convenient to,
and agreed upon by the parties. In addition to the proposed schedules and flight
times, Lessee shall provide at least the following information for each proposed
flight at some time prior to  scheduled  departure  as  required by the Heinz or
Heinz's flight crew:

                                       2
<PAGE>

     (a)  proposed departure point;

     (b)  destination;

     (c)  date and time of flight;

     (d)  the number of anticipated passengers;

     (e)  the nature and extent of luggage and/or cargo to be carried;

     (f)  the date and time of return flight, if any; and

     (g)  any other  information  concerning  the  proposed  flight  that may be
          pertinent or required by Heinz or Heinz's flight crew.

     1.5 Lessee shall pay to Heinz the commercial  Federal Excise Tax imposed on
the  transportation of persons for flights conducted under this Agreement.  This
tax currently consists of a 7.5 percent tax imposed on the amounts paid plus the
appropriate  per leg  segment  fees.  (The  segment  fee is subject to change on
January 1 of every  year.)  Amounts  due for taxes  shall be included on monthly
invoices submitted to Lessee.

     1.6 For the  purpose  of  computing  flight  hours  of  utilization  of the
Aircraft by Lessee under the terms and provisions of this  Agreement,  the pilot
of the  Aircraft  shall enter into the  appropriate  log books the flight  hours
flown by the Aircraft while engaged in the  performance of flight  operations at
the request of Lessee pursuant to this Agreement.

     1.7 Use of the  Aircraft by Lessee  shall be for  Lessee's  own account and
shall be subject to the use  limitations set forth in Sections 91.501 and 91.321
of the FAR.  Lessee is hereby  expressly  prohibited from using the Aircraft for
compensation or hire for either passengers or cargo.  Lessee shall not incur any
mechanics or other lien in  connection  with the use,  inspection,  preventative
maintenance,  maintenance or storage of Aircraft, nor shall there be any attempt
by Lessee to convey, mortgage, assign, lease or in any way alienate the Aircraft
or create any kind of security interest involving the Aircraft or do anything or
take any action  that  might  mature  into such a lien.  During the term of this
Agreement, Lessee will abide by and conform to all applicable laws, governmental
and airport orders, rules and regulations.

                                       3
<PAGE>

                                   ARTICLE II
                       Delivery and Redelivery of Aircraft

     2.1  The  use of the  Aircraft  under  the  terms  and  provisions  of this
Agreement shall become effective upon the date and time an Aircraft is delivered
to Lessee and such Aircraft shall upon delivery,  ipso facto and without further
deed of lease or  transfer,  pass under and become  subject to all the terms and
provisions of this Agreement. Such use shall terminate following the termination
of flight operations by Lessee upon redelivery of the Aircraft to Heinz.

     2.2 Delivery and  redelivery of an Aircraft by one party to the other party
shall ordinarily be made at Pittsburgh International Airport, provided, however,
that delivery and/or redelivery of an Aircraft may be made at such other airport
as shall be agreed upon by both parties from time to time.  If and to the extent
an  Aircraft is idle while  waiting to return  Lessee in  completion  of a trip,
Heinz may use the  Aircraft  during  such  period in which  the  Aircraft  would
otherwise be idle,  but the cost of movement of the Aircraft  during such period
and  repositioning  the Aircraft to complete  Lessee's  trip shall be at Heinz's
expense.

                                   ARTICLE III
                    Authority to Accept Delivery of Aircraft

     Prior to the use of the Aircraft under the terms of this Agreement,  Lessee
shall  provide  to Heinz a letter  setting  forth the names of  persons  who are
authorized  by Lessee to request the use of the Aircraft and to accept  delivery
of the Aircraft  hereunder.  Such authorization may be amended from time to time
by Lessee and such  Amendment  shall  become  effective  on delivery  thereof to
Heinz.

                                   ARTICLE IV
               Flight Crews and Flight Operations and Maintenance

     4.1 Heinz shall  provide a complete  flight crew for the  operation  of the
Aircraft  while  being used by Lessee  under the terms of this  Agreement.  Each
member of such flight crew shall be duly  licensed and  qualified in  accordance
with the provisions of applicable law.

     4.2 The captain of the flight crew shall at all times be in complete charge
and control of the Aircraft; provided, however, that Lessee shall have the right
to  determine  the  schedules  and points of  destination  of a flight while the
Aircraft  is being used by Lessee  subject at all times to the  judgment  of the
captain  of the  flight  crew as to the safe  conduct  of any such  flight.  The
captain of each flight  shall have the final  authority  with respect to (i) the
initiation or  termination  of any flight,  (ii) selection of the routing of any
flight,  (iii)  determination of the load to be carried,  and (iv) all decisions
relating to the safety of any flight. The parties further agree that Heinz shall
not be liable for delay or failure to furnish the Aircraft and crew  pursuant to
this Agreement for any reason.

                                       4
<PAGE>

     4.3 The Aircraft,  while being used by Lessee  pursuant to this  Agreement,
shall be  operated  at all  times in  compliance  with all  applicable  laws and
regulations,  including,  without  limitation,  the rules and regulations of the
FAA.

     4.4  Heinz  shall  be  solely   responsible   for   securing   maintenance,
preventative  maintenance and required or otherwise necessary inspections on the
Aircraft.  The Aircraft shall be inspected in accordance  with and maintained in
an airworthy condition in accordance with applicable rules and regulations of 14
C.F.R.  Part 91 during  the term of this  Agreement.  No period of  maintenance,
preventative  maintenance  or  inspection  shall be delayed or postponed for the
purpose of scheduling the Aircraft for Lessee. The captain of the Aircraft shall
have  final and  complete  authority  to cancel  any  flight  for any  reason or
condition that in his or her judgment would compromise the safety of the flight.

                                    ARTICLE V
                                   Assignment

     Neither party shall assign this Agreement or any rights  hereunder  without
prior written consent of the other party.

                                   ARTICLE VI
                                      Term

     The term of this  Agreement  shall be for six (6) months from the Effective
Date and at the end of such six (6) month  term,  and at the end of any  renewal
term, shall be automatically  renewed for a further six (6) month term provided;
however, that either party may terminate this Agreement,  with or without cause,
at any time upon sixty (60) days prior written notice to the other party.

                                   ARTICLE VII
                                 Applicable Law

     This  Agreement  shall be  construed  and enforced in  accordance  with and
governed by the laws of the Commonwealth of Pennsylvania.

                                  ARTICLE VIII
                             Consent to Jurisdiction

     Heinz and  Lessee  hereby  irrevocably  submit to the  jurisdiction  of the
Courts of the  Commonwealth  of Pennsylvania or the United States Federal Courts
sitting  therein,  in any action or  proceeding  brought to enforce or otherwise
arising  out of or  relating  to this  Agreement.  Lessee and Heinz  irrevocably
consent to the service of any and all process in any such  proceeding  to Lessee
or Heinz by  registered or certified  mail at its address  designated in Article
XI. In addition, Heinz and Lessee hereby irrevocably waive to the fullest extent
permitted  by law any  objection  which  they may now or  hereafter  have to the
laying of venue in any such action or proceeding  in the Courts of  Commonwealth
of

                                       5
<PAGE>

Pennsylvania or the United States Federal Courts sitting therein, and hereby
further irrevocably waive any claim that any such forum is an inconvenient
forum. Heinz and Lessee agree that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in any other jurisdiction by
suit on the judgment or in any other manner provided by law.

                                   ARTICLE IX
                           Truth in Leasing Provision

     THE AIRCRAFT HAVE BEEN  MAINTAINED  AND INSPECTED  UNDER FAR PART 91 DURING
THE 12 MONTH PERIOD  PRECEDING THE DATE OF THIS AGREEMENT.  THE AIRCRAFT WILL BE
MAINTAINED AND INSPECTED  UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER
THIS AGREEMENT.  DURING THE DURATION OF THIS AGREEMENT, H.J. HEINZ COMPANY, WITH
AN  ADDRESS  AT 600  GRANT  STREET,  PITTSBURGH,  PENNSYLVANIA  15219,  SHALL BE
CONSIDERED  TO BE THE  RESPONSIBLE  PARTY  FOR THE  OPERATIONAL  CONTROL  OF THE
AIRCRAFT UNDER THIS AGREEMENT.  AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL
CONTROL AND  PERTINENT  FEDERAL  AVIATION  REGULATIONS  CAN BE OBTAINED FROM THE
NEAREST FAA FLIGHT STANDARDS  DISTRICT OFFICE.  THE "INSTRUCTIONS FOR COMPLIANCE
WITH TRUTH IN LEASING  REQUIREMENTS"  ARE ATTACHED  HERETO AND ARE  INCORPORATED
HEREIN BY REFERENCE.

     THE UNDERSIGNED,  H.J. HEINZ COMPANY,  CERTIFIES THAT IT IS RESPONSIBLE FOR
OPERATIONAL CONTROL OF THE AIRCRAFT AND THAT IT UNDERSTANDS ITS RESPONSIBILITIES
FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

                                       6
<PAGE>

                        INSTRUCTIONS FOR COMPLIANCE WITH
                          TRUTH IN LEASING REQUIREMENTS

1.   Mail a copy of the Agreement to the following  address via certified  mail,
     return receipt requested,  immediately upon execution of the Agreement. (14
     C.F.R.  ss. 91.23 requires that the copy be sent within  twenty-four  hours
     after it is signed):

                  Federal Aviation Administration
                  Aircraft Registration Branch
                  ATTN: Technical Section
                  POB 25724
                  Oklahoma City, OK   73125

2.   Provide  via  written or verbal  notice the  following  information  to the
     nearest FAA Flight  Standards  District Office at least  forty-eight  hours
     prior  to  first  flight  under  this  Agreement  and  inform  them  of the
     following:

     a.   The location of the airport of departure;

     b.   The departure time; and

     c.   The registration number of the aircraft involved.

3.   Carry a copy of the Agreement in the Aircraft at all times.

                                    ARTICLE X
                                   Warranties

     Heinz makes no representations or warranties, whether expressed or implied,
other than those set forth in this Agreement, including, but not limited to, any
warranty of  merchantability or fitness for a particular purpose with respect to
the services to be performed  hereunder or the use of the Aircraft.  Heinz shall
not be liable for any special, incidental,  indirect or consequential damages or
for the lost profits or revenues in connection with the furnishing,  performance
or use of the  services  to be  performed  hereunder,  in the  absence  of gross
negligence or willful misconduct on its part or that of its officers,  employees
or agents.  Heinz shall not be liable for any act or omission  occurring  in the
course  of or in  connection  with  the use of the  Aircraft  by  Lessee  or the
performance  of the  services  hereunder  by  Heinz or its  managers,  officers,
employees or agents or for any loss or damage which Lessee may sustain or suffer
as the  result  of or in the  course  of the  discharge  by Heinz of its  duties
hereunder.  Heinz's  liability  for any  damages,  claims,  actions or causes of
action arising,  directly or indirectly,  in connection with this Agreement, the
use of the Aircraft by Lessee,  or the services  provided  hereunder is strictly
limited to an amount not to exceed six months'  average billing in the aggregate
in any one calendar year to Lessee for services  during such calendar  year. Any
such limitations of liability shall not limit or restrict  Lessee's rights as an
employee of Heinz.

                                       7
<PAGE>

                                   ARTICLE XI
                                  Miscellaneous

     11.1 All notices in connection  with this Agreement shall be in writing and
shall be given by registered mail, cable, telex,  teletype or personal delivery,
addressed as follows:

                  Heinz:            H .J. Heinz Company
                                    60th Floor
                                    600 Grant Street
                                    Pittsburgh, Pennsylvania 15219
                                    Attention:  Jack Runkel

                  Copy to:          Executive Vice President and
                                    General Counsel

                  Lessee:           William R. Johnson
                                    In care of H. J. Heinz Company
                                    60th Floor
                                    600 Grant Street
                                    Pittsburgh, Pennsylvania 15219

or, as to any party, to such other address as such party shall from time to time
designate by written notice to the other parties. The effective date of any
notice given in connection with this Agreement shall be the date on which it is
received by the addressee.

     11.2 The terms of this  Agreement  shall be  binding  upon and inure to the
benefit of and shall be  enforceable  by Heinz and  Lessee and their  respective
successors and assigns. In case any provision of this Agreement shall be held to
be invalid or  unenforceable  in whole or in part,  neither the validity nor the
enforceability  of the remainder of this Agreement shall in any way be affected.
Either  party may amend this  Agreement at anytime by an  instrument  in writing
duly  executed  by the other  party.  The  headings  in this  Agreement  are for
convenience  of  reference  only and  shall not limit or  otherwise  affect  the
provisions hereof.

     11.3  This   Agreement   supersedes   all  prior  written   agreements  and
understandings  between the parties with respect to the subject  matter  hereof,
and no  modification,  termination or attempted  waiver shall be valid unless in
writing and signed by both parties below.

                                       8
<PAGE>

     11.4 The  Aircraft is and at all times shall  remain the property of Heinz,
and Lessee and shall have no right, title or interest therein or in the proceeds
thereof except as expressly permitted hereunder,  provided,  however, the Leased
Aircraft  is  subject  and  subordinate  to the  rights of Owner as set forth in
Section 11.5 below.

     11.5 The rights of Lessee  (and any party  claiming  through  Lessee)  with
respect to the Leased  Aircraft shall be subject and subordinate in all respects
to Owner's rights, title and interests in the Leased Aircraft, including, all of
its rights and remedies under the Lease and any related agreements.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the 14th day of September, 2007.

                                   /s/ William R. Johnson
                                   ----------------------
                                   William R. Johnson

                                   H. J. HEINZ COMPANY

                          By:      /s/ D. Edward I. Smyth
                                   ----------------------
                          Name:    D. Edward I. Smyth
                          Title:   Chief Administrative Officer
                                   and Senior Vice President - Corporate and
                                   Government Affairs

                                       9ex41.htm

    PROTOKINETIX,
      INC.

    

    2005
      FIRST AMENDED STOCK INCENTIVE PLAN

    

    

    1.           Purpose
      of the Plan.    The purpose of the 2005 First Amended
      Stock Incentive Plan (the “Plan”) of ProtoKinetix, Inc., a Nevada
      corporation, (“Company”) is to provide the Company with a means of
      compensating selected key employees (including officers) and directors of and
      consultants to the Company (sometimes referred to hereinafter as
“Participants”), for their services rendered in connection with the
      development of ProtoKinetix, Inc. with shares of common stock of the Company
      (the “Common Stock”).

    

    2.           Administration
      of the Plan.  The Plan shall be administered by the Company’s
      Board of Directors (the “Board”).

    

    2.1           Award
      or Sales of shares.  The Company’s Board shall (a) select those
      key employees (including officers), directors and consultants to whom shares
      of
      the Company’s Common Stock shall be awarded or sold, and (b) determine the
      number of shares to be awarded or sold; the time or times at which shares shall
      be awarded or sold; whether the shares to be awarded or sold will be registered
      with the Securities and Exchange Commission; and such conditions, rights of
      repurchase, rights of first refusal or other transfer restrictions as the Board
      may determine.  Each award or sale of shares under the Plan may or may
      not be evidenced by a written agreement between the Company and the persons
      to
      whom shares of the Company’s Common Stock are awarded or sold.

    

    2.2           Consideration
      for Shares.  Shares of the Company’s Common Stock to be awarded or
      sold under the Plan shall be issued for such consideration, having a value
      not
      less than par value thereof, as shall be determined from time to time by the
      Board in its sole discretion.

    

    2.3           Board
      Procedures.  The Board from time to time may adopt such rules and
      regulations for carrying out the purposes of the Plan as it may deem proper
      and
      in the best interests of the Company.  The Board shall keep minutes of
      its meetings and records of its actions.  A majority of the members of
      the Board shall constitute a quorum for the transaction of any business by
      the
      Board.  The Board may act at any time by an affirmative vote of a
      majority of those members voting.  Such vote shall be taken at a
      meeting (which may be conducted in person or by any telecommunication medium)
      or
      by written consent of Board members without a meeting.

    

    2.4           Finality
      of Board Action.  The Board shall resolve all questions arising
      under the Plan.  Each determination, interpretation, or other action
      made or taken by the Board shall be final and conclusive and binding on all
      persons, including, without limitation, the Company, its stockholders, the
      Board
      and each of the members of the Board.

    

    2.5           Non-Liability
      of Board Members.  No Board member shall be liable for any action
      or determination made by him in good faith with respect to the Plan or any
      shares of the Company’s Common Stock sold or awarded under it.

    

    2.6           Board
      Power to Amend, Suspend, or Terminate the Plan.  The Board may,
      from time to time, make such changes in or additions to the Plan as it may
      deem
      proper and in the best interests of the Company and its
      Stockholders.  The Board may also suspend or terminate the Plan at any
      time, without notice, and in its sole discretion.

    

    3.           Shares
      Subject to the Plan.  For purposes of the Plan, the Board of
      Directors is authorized to sell or award up to 9,000,000 shares and/or options
      of the Company’s Common Stock, $.0000053 par value per share.

    

    3.1           Grants
      of Stock Options.  Stock Options granted under the Plan shall
      constitute "incentive stock options" within the meaning of Section 422 of the
      Internal Revenue Code (the “Code”) if so designated by the Board on
      the date of grant.  The Board shall also have the discretion to grant
      Stock Options which do not constitute incentive stock options, and any such
      Stock Options shall be designated non-statutory stock options by the Board
      on
      the date of grant.  The aggregate fair market value (determined as of
      the time an incentive stock option is granted) of the Common Stock with respect
      to which incentive stock options are exercisable for the first time by any
      Employee during any one calendar year (under all plans of the Company and any
      parent or subsidiary of the Company) may not exceed the maximum amount permitted
      under Section 422 of the Code (currently one hundred thousand dollars
      ($100,000.00)).  Non-Statutory Stock Options (“NSO”) shall not be
      subject to the limitations relating to incentive stock options contained in
      the
      preceding sentence.  Each Stock Option shall be evidenced by a written
      agreement (the "Option Agreement") in a form approved by the Board, which shall
      be executed on behalf of the Company and by the Employee to whom the Stock
      Option is granted, and which shall be subject to the terms and conditions of
      this Plan.  The holder of a Stock Option shall not be entitled to the
      privileges of stock ownership as to any shares of Common Stock not actually
      issued to such holder.

    

    3.2           Assignability.  Options
      granted under this Plan may be, if designated as such, assigned to third
      parties.

    

    3.3  Restrictions
      on Transfer.  Each Stock Option granted under this Plan shall be
      transferable only by will or the laws of descent and distribution.  No
      interest of any Employee under the Plan shall be subject to attachment,
      execution, garnishment, sequestration, the laws of bankruptcy or any other
      legal
      or equitable process.  Each Stock Option granted under this Plan shall
      be exercisable during an Employee's lifetime only by such Employee or by such
      Employee's legal representative.

    

    3.4  Amendment
      to Shares Available Under the Plan.  The number of shares the
      Board of Directors is authorized to sell or award may be increased or decreased
      at anytime by the Board of Directors

    

    4.           Participants.  All
      Participants are eligible to participate in the Plan.  A copy of this
      Plan shall be delivered to all Participants, together with a copy of any Board
      resolutions authorizing the issuance of the shares and establishing the terms
      and conditions, if any, relating to the sale or award of such
      shares.

    

    4.1           Misconduct
      of an Employee.  Notwithstanding any other provision of this Plan,
      if an Employee commits fraud or dishonesty toward the Company or wrongfully
      uses
      or discloses any trade secret, confidential data or other information
      proprietary to the Company, or intentionally takes any other action materially
      inimically to the best interests of the Company, as determined by the Committee,
      in its sole and absolute discretion, such Employee shall forfeit all rights
      and
      benefits under this Plan.

    

    5.           Rights
      and Obligations of Participants.  The award or sale of shares of
      Common stock shall be conditioned upon the participant providing to the Board
      a
      written representation that, at the time of such award or sale, it is the intent
      of such person(s) to acquire the shares for investment only and not with a
      view
      toward distribution.  The certificate for unregistered shares issued
      for investment shall be restricted by the Company as to transfer unless the
      Company receives an opinion of counsel satisfactory to the Company to the effect
      that such restriction is not necessary under the pertaining law.  The
      providing of such representation and such restriction on transfer shall not,
      however, be required upon any person’s receipt of shares of Common Stock under
      the Plan in the event that, at the time of award or sale, the shares shall
      be
      (i) covered by an effective and current registration statement under the
      Securities Act of 1933, as amended, and (ii) either qualified or exempt from
      qualification under applicable state securities laws.  The Company
      shall, however, under no circumstances be required to sell or issue any shares
      under the Plan if, in the opinion of the Board, (i) the issuance of such shares
      would constitute a violation by the participant or the Company of any applicable
      law or regulation of any governmental authority, or (ii) the consent or approval
      of any governmental body is necessary or desirable as a condition of, or in
      connection with, the issuance of such shares.

    

    6.           Payment
      of Shares.   The entire purchase price of shares issued under
      the Plan shall be payable in lawful money of the United States of America at
      the
      time when such shares are purchased.

    

    7.           Adjustments.  If
      the outstanding Common Stock shall be hereafter increased or decreased, or
      changed into or exchanged for a different number or kind of shares or other
      securities of the Company or of another corporation, by reason of a
      recapitalization, reclassification, reorganization, merger, consolidation,
      share
      exchange, or other business combination in which the Company is the surviving
      parent corporation, stock split-up, combination of shares, or dividend or other
      distribution payable in capital stock or rights to acquire capital stock,
      appropriate adjustment shall be made by the Board in the number and kind of
      shares which may be granted under the Plan.

    

    8.           Tax
      Withholding.   As a condition to the purchase or award of
      shares, the participant shall make such arrangements as the Board may require
      for the satisfaction of any federal, state, local or foreign withholding tax
      obligations that may arise in connection with such purchase or
      award.

    

    9.           Terms
      of the Plan.

    

    9.1           Effective
      Date.  The Plan shall become effective on January 1,
      2007.

    

    9.2           Termination
      Date.  The Plan shall terminate at Midnight on December 31, 2010,
      and no shares shall be awarded or sold after that time.  The Plan may
      be suspended or terminated at any earlier time by the Board within the
      limitations set forth in Section 2.6.

    

    10.           Non-Exclusivity
      of the Plan.  Nothing contained in the Plan is intended to amend,
      modify, or rescind any previously approved compensation plans, programs or
      options entered into by the Company.  This Plan shall be construed to
      be in addition to and independent of any and all such other
      arrangements.  The adoption of the Plan by the Board shall not be
      construed as creating any limitations on the power of authority of the Board
      to
      adopt, with or without stockholder approval, such additional or other
      compensation arrangements as the Board may from time to time deem
      desirable.

    

    11.           Compliance
      With Rule 16b-3.  Transactions under the Plan are intended to
      comply with all applicable conditions of Rule 16b-3.  To the extent
      that any provision of the Plan or action by the Committee fails to so comply,
      it
      shall be deemed null and void, to the extent permitted by law and deemed
      advisable by the Committee.

    

    12.           Governing
      Law.  The Plan and all rights and obligations under it shall be
      construed and enforced in accordance with the laws of the United State of
      America.

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