Document:

PLACEMENT UNIT
      AGREEMENT

    

    PLACEMENT UNIT
      AGREEMENT (this
      “Agreement”) made
      as
      of this 5th day of April, 2006 by and among Affinity Media International Corp.,
      a Delaware corporation (the “Company”), Maxim Group LLC (“Maxim”) and the
      undersigned (the “Purchasers”).

    

    WHEREAS,
      the Company has filed with the Securities and Exchange Commission (“SEC”) a
      registration statement on Form S-1, as amended (File No. 333-128707) (the
“Registration Statement”), in connection with the Company's initial public
      offering (the “IPO”) of up to 3,162,500 units (including up to 412,500 units
      issuable upon exercise of an overallotment purchase option granted to Maxim
      by
      the Company), each unit (“Unit”) consisting of (i) one share of the Company's
      common stock, $.0001 par value (the “Common Stock”), and (ii) two warrants (each
      such warrant a “Warrant”), each Warrant to purchase one share of Common Stock;
      and

    

    WHEREAS,
      the Company desires to sell in a private placement to the Purchasers (the
“Placement”) an aggregate of 250,000 units (the “Placement Units”) substantially
      identical to the Units being issued in the IPO pursuant to the terms and
      conditions hereof and as set forth in the Registration Statement, except that
      the Placement Units, Common Stock and Warrants to be issued in the Placement
      shall not be registered under the Securities Act of 1933, as amended (the
“Securities Act”);

    

    WHEREAS,
      each Purchaser desires to acquire the number of Placement Units set forth
      opposite his name on Schedule A hereto;

    

    WHEREAS,
      the Warrants included in the Placement Units shall be governed by the Warrant
      Agreement filed as an exhibit to the Registration Statement; and

    

    WHEREAS,
      the Purchasers are entitled to registration rights with respect to the Common
      Stock and the Warrants comprising the Placement Units and the Common Stock
      underlying such Warrants (collectively, the “Registrable Securities”) on the
      terms set forth in this Agreement; and

    

    WHEREAS,
      Maxim is acting as placement agent for the Placement.

    

    NOW,
      THEREFORE, for and in consideration of the premises and the mutual covenants
      hereinafter set forth, the parties hereto do hereby agree as
      follows:

    1. Purchase
      of Units.
      The
      Purchasers hereby agree to purchase an aggregate of 250,000 Placement Units
      at a
      purchase price of $6.00 per Placement Unit, or an aggregate of $1,500,000 (the
      “Purchase Price”). Such purchases shall be in the names and amounts set forth on
      Schedule A hereto.

    

    2. Closing.
      

     

    2.1 The
      closing of the purchase and sale of the Placement Units (the “Closing”) will
      take place two (2) business days prior to the date on which the SEC declares
      the
      Registration Statement effective (the “Effective Date”; the date two business
      days prior to the Effective Date, the “Closing Date”). On the Closing Date, the
      Purchasers shall pay the Purchase Price by wire transfer of funds to an escrow
      account (the “Escrow Account”) maintained by the Company’s transfer agent (the
“Escrow Agent”). Immediately prior to the closing of the IPO, the Escrow Agent
      shall deposit $1,425,000 of the Purchase Price into the trust account described
      in the Registration Statement (the “Trust Account”), and shall wire $75,000,
      representing a portion of the placement fee payable to Maxim referred to below,
      to an account to be designated by the Company. The certificates for the Common
      Stock and Warrants comprising the Placement Units shall be delivered to the
      Purchasers promptly after the closing of the IPO.

    

    2.2 If,
      for
      any reason, the Purchase Price remains in the Escrow Account for more than
      seven
      (7) business days after the Effective Date, on the eighth business day following
      the Effective Date, the Company shall order the Escrow Agent to wire the
      Purchase Price back to the Purchasers, without interest or setoff.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    3. Placement
      Fees.
      The
      Company agrees that Maxim is entitled to the following compensation in
      connection with the Placement: (i) a non-accountable expense allowance equal
      to
      1% of the Purchase Price, payable on or before the 4 month anniversary of
      today’s date; and (ii) a placement fee equal to equal to 8% of the Purchase
      Price. Of such 8% placement fee, Maxim agrees that 4% of the Purchase Price
      ($60,000) will be deposited into and held in the Trust Account and will be
      payable to Maxim upon the consummation of a Business Combination (as defined
      herein) as described in the Registration Statement, and the remaining 4% shall
      be payable on or before the 4 month anniversary of today’s date.

    

    4. Voting
      of Shares.
      If the
      Company solicits approval of its stockholders of a Business Combination, the
      Purchasers shall vote all of the shares of the Common Stock acquired by the
      Purchasers (i) pursuant to this Agreement, (ii) in the IPO and (iii) in the
      aftermarket following the IPO in favor of the Business Combination and therefore
      waive any redemption rights they might have with respect to certain of such
      shares. As used herein, a “Business Combination” shall mean the Company
acquiring,
      merging with, engaging in a capital stock exchange with, purchasing all or
      substantially all of the assets of, or engaging in any other similar business
      combination with a single operating entity, or one or more related or unrelated
      operating entities in the publishing industry located in the United
      States.

    

    5. Waiver
      of Liquidation Distributions.
      In
      connection with the Placement Units purchased pursuant to this Agreement, the
      Purchasers hereby waive any and all right, title, interest or claim of any
      kind
      in or to any liquidating distributions by the Company in the event of a
      liquidation of the Company upon the Company's failure to timely complete a
      Business Combination. For purposes of clarity, any shares of Common Stock
      purchased in the IPO or the aftermarket by the Purchasers shall be eligible
      to
      receive any liquidating distributions by the Company. 

    

    6.
      Rescission
      Right Waiver and Indemnification.
      

     

    6.1
       Each
      of
      the Purchasers understands and acknowledges that an exemption from the
      registration requirements of the Securities Act requires that there be no
      general solicitation of purchasers of the Placement Units. In this regard,
      if
      the offering of the Units in the Company’s initial public offering were deemed
      to be a general solicitation with respect to the Placement Units, the offer
      and
      sale of such Placement Units may not be exempt from registration and, if not,
      the Purchasers may have a right to rescind their purchases of the Placement
      Units. In order to facilitate the completion of the Placement and in order
      to
      protect the Company, its stockholders and the Trust Account from claims that
      may
      adversely affect the Company or the interests of its stockholders, each of
      the
      Purchasers hereby agrees to waive, to the maximum extent permitted by applicable
      law, any claims, right to sue or rights in law or arbitration, as the case
      may
      be, to seek rescission of his or its purchase of the Placement Units. Each
      of
      the Purchasers acknowledges and agrees that this waiver is being made in order
      to induce the Company to sell the Placement Units to the Purchasers. Each
      Purchaser agrees that the foregoing waiver of rescission rights shall apply
      to
      any and all known or unknown actions, causes of action, suits, claims, or
      proceedings (collectively, “Claims”) and related losses, costs, penalties, fees,
      liabilities and damages, whether compensatory, consequential or exemplary,
      and
      expenses in connection therewith, including reasonable attorneys’ and expert
      witness fees and disbursements and all other expenses reasonably incurred in
      investigating, preparing or defending against any Claims, whether pending or
      threatened, in connection with any present or future actual or asserted right
      to
      rescind the purchase of the Placement Units hereunder or relating to the
      purchase of the Placement Units and the transactions contemplated hereby
      (collectively, “Losses and Expenses”). 

     

    6.2
       Each
      Purchaser agrees not to seek recourse against the Trust Account for any reason
      whatsoever in connection with his purchase of the Placement Units or any Claim
      that may arise now or in the future. 

     

    6.3 The
      Purchasers acknowledge and agree that the stockholders of the Company are and
      shall be third-party beneficiaries of the foregoing provisions of this
      Agreement. 

     

    6.4
       Each
      Purchaser agrees that to the extent any waiver of rights under this
      Section 6 is ineffective as a matter of law, each Purchaser has offered
      such waiver for the benefit of the Company as an equitable right that shall
      survive any statutory disqualification or bar that applies to a legal right.
      Each Purchaser acknowledges the receipt and sufficiency of consideration
      received from the Company hereunder in this regard. 

    

    7. Lock-Up
      Agreement; Deposit with Maxim.
      The
      Purchasers shall not sell, assign, hypothecate, or transfer any of the Common
      Stock or Warrants purchased pursuant to this Agreement until the consummation
      of
      a Business Combination. In order to enforce this covenant, the undersigned
      agree
      to deposit the Placement Units in an account to be established at Maxim, to
      be
      held in such account until the consummation of a Business
      Combination.

    

    8. Representations
      and Warranties of the Purchasers.
      Each
      Purchaser hereby represents and warrants to the Company that:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8.1 The
      Purchaser is an “accredited investor” as that term is defined in Rule 501 of
      Regulation D promulgated under the Securities Act.

    

    8.2 The
      Placement Units, Common Stock and Warrants are being acquired for the
      Purchaser's own account, only for investment purposes and not with a view to,
      or
      for resale in connection with, any distribution or public offering thereof
      within the meaning of the Securities Act.

     

    8.3 The
      Purchaser has the full right, power and authority to enter into this Agreement
      and this Agreement is a valid and legally binding obligation of the Purchaser
      enforceable against the Purchaser in accordance with its terms.

    

    9. Registration
      Rights.

    

    9.1 Demand
      Registration.
      At any
      time and from time to time on or after the date on which the Company consummates
      a Business Combination, the Purchasers or their transferees holding a
      majority-in-interest of the Registrable Securities may make a written demand
      for
      registration under the Securities Act of all or part of their Registrable
      Securities (a “Demand Registration”). Any demand for a Demand Registration shall
      specify the number of Registrable Securities proposed to be sold and the
      intended method(s) of distribution thereof. The Company will notify all holders
      of Registrable Securities of the demand, and each holder of Registrable
      Securities who wishes to include all or a portion of such holder's Registrable
      Securities in the Demand Registration (each such holder including shares of
      Registrable Securities in such registration, a “Demanding Holder”) shall so
      notify the Company within fifteen (15) days after the receipt by the holder
      of
      the notice from the Company. Upon any such request, the Demanding Holders shall
      be entitled to have their Registrable Securities included in the Demand
      Registration.

    

    The
      Company shall, as expeditiously as possible and in any event within sixty (60)
      days after receipt of a request for a Demand, prepare and file with the SEC
      a
      Registration Statement on any form for which the Company then qualifies or
      which
      counsel for the Company shall deem appropriate and which form shall be available
      for the sale of all Registrable Securities to be registered thereunder in
      accordance with the intended method(s) of distribution thereof, and shall use
      its best efforts to cause such Registration Statement to become effective as
      promptly as practicable, but in no event prior to the consummation of the
      Business Combination.

    

    The
      Company shall not be obligated to effect more than two Demand Registrations
      in
      respect of Registrable Securities.

    

    9.2 “Piggyback”
      Registration Rights.
      Subject
      to the last sentence of this Section 9.2, at any time after a Business
      Combination, if the Company shall determine to proceed with the actual
      preparation and filing of a new registration statement under the Securities
      Act
      in connection with the proposed offer and sale of any of its securities by
      it or
      any of its security holders (other than a registration statement on Form S-4,
      S-8 or other limited purpose form), the Company will give written notice of
      its
      determination to the Purchasers or their nominees. Upon the written request
      from
      a majority-in-interest of the Purchasers, within 15 days after receipt of any
      such notice from the Company, the Company will, except as herein provided,
      cause
      all of the Registrable Securities covered by such request (the “Requested
      Stock”) held by the Purchasers making such request (the “Requesting Holders”) to
      be included in such registration statement (each, a “Piggy-Back Registration”),
      all to the extent requisite to permit the sale or other disposition by the
      prospective seller or sellers of the Requested Stock; provided, further, that
      nothing herein shall prevent the Company from, at any time, abandoning or
      delaying any registration. If any registration pursuant to this Section 9.2
      shall be underwritten in whole or in part, the Company may require that the
      Requested Stock be included in the underwriting on the same terms and conditions
      as the securities otherwise being sold through the underwriters. In such event,
      the Requesting Holders shall, if requested by the underwriters, execute an
      underwriting agreement containing customary representations and warranties
      by
      selling stockholders and a lock-up on Registrable Securities not being sold.
      If
      in the good faith judgment of the managing underwriter of such public offering
      the inclusion of all of the Requested Stock would reduce the number of shares
      to
      be offered by the Company or interfere with the successful marketing of the
      shares of stock offered by the Company, the number of shares of Requested Stock
      otherwise to be included in the underwritten public offering may be reduced
      pro
      rata (by number of shares) among the Requesting Holders and all other holders
      of
      registration rights who have requested inclusion of their securities or excluded
      in their entirety if so required by the underwriter. To the extent only a
      portion of the Requested Stock is included in the underwritten public offering,
      thoseshares of Requested Stock which are thus excluded from the underwritten
      public offering and any other securities of the Company held by such holders
      shall be withheld from the market by the Holders thereof for a period, not
      to
      exceed 90 days, which the managing underwriter reasonably determines is
      necessary in order to effect the underwritten public offering. At such time
      as
      the provisions of the registration rights agreement filed as an exhibit to
      the
      Registration Statement covering the shares of Common Stock acquired by the
      Purchasers prior to the IPO may be exercised, the exercise and procedural
      provisions of such agreement, rather than the provisions of Sections 9.2, 9.3
      and 9.4 hereof, shall govern the Registrable Securities with respect to
      Piggy-Back Registrations.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.3 Registration
      Procedures.
      To the
      extent required by Sections 9.1 or 9.2, the Company will:

    

    (a) prepare
      and file with the SEC a registration statement with respect to such securities,
      and use its best efforts to cause such registration statement to become and
      remain effective until the earlier of the date on which all of the Registrable
      Securities included in the registration statement have been disposed of in
      accordance with the intended method(s) of distribution set forth in such
      Registration Statement or three years from the effective date;

    

    (b) prepare
      and file with the SEC such amendments to such registration statement and
      supplements to the prospectus contained therein as may be necessary to keep
      such
      registration statement effective until the earlier of the date on which all
      of
      the Registrable Securities included in the registration statement have been
      disposed of in accordance with the intended method(s) of distribution set forth
      in such Registration Statement or three years from the effective
      date;

     

    (c) furnish
      to the holders participating in such registration and to the underwriters of
      the
      securities being registered such reasonable number of copies of the registration
      statement, preliminary prospectus, final prospectus and such other documents
      as
      such underwriters may reasonably request in order to facilitate the public
      offering of such securities;

    

    (d) use
      its best efforts to register or qualify the securities covered by such
      registration statement under such state securities or blue sky laws of such
      jurisdictions as the holders may reasonably request in writing within 20 days
      following the original filing of such registration statement, except that the
      Company shall not for any purpose be required to execute a general consent
      to
      service of process or to qualify to do business as a foreign corporation in
      any
      jurisdiction wherein it is not so qualified;

    (e) notify
      the holders, promptly after it shall receive notice thereof, of the time when
      such registration statement has become effective or a supplement to any
      prospectus forming a part of such registration statement has been
      filed;

    

    (f) notify
      the holders promptly of any request by the SEC for the amending or supplementing
      of such registration statement or prospectus or for additional
      information;

    

    (g) prepare
      and promptly file with the SEC and promptly notify such holders of the filing
      of
      such amendment or supplement to such registration statement or prospectus as
      may
      be necessary to correct any statements or omissions if, at the time when a
      prospectus relating to such securities is required to be delivered under the
      Securities Act, any event shall have occurred as the result of which any such
      prospectus or any other prospectus as then in effect would include an untrue
      statement of a material fact or omit to state any material fact necessary to
      make the statements therein, in the light of the circumstances in which they
      were made, not misleading; and

    

    (i) advise
      the holders, promptly after it shall receive notice or obtain knowledge thereof,
      of the issuance of any stop order by the SEC suspending the effectiveness of
      such registration statement or the initiation or threatening of any proceeding
      for that purpose and promptly use its best efforts to prevent the issuance
      of
      any stop order or to obtain its withdrawal if such stop order should be
      issued.

    

    The
      Purchasers shall cooperate with the Company in providing the information
      necessary to effect the registration of the Registrable Securities, including
      completion of customary questionnaires.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    9.4 Expenses.
      The
      Company shall bear all costs and expenses incurred in connection with any Demand
      Registration pursuant to Section 9.1, any Piggy-Back Registration pursuant
      to
      Section 9.2, and all expenses incurred in performing or complying with its
      other
      obligations under this Agreement, whether or not the Registration Statement
      becomes effective, including, without limitation: (i) all registration and
      filing fees; (ii) fees and expenses of compliance with securities or “blue sky”
laws (including fees and disbursements of counsel in connection with blue sky
      qualifications of the Registrable Securities); (iii) printing expenses; (iv)
      the
      Company's internal expenses (including, without limitation, all salaries and
      expenses of its officers and employees); (v) the fees and expenses incurred
      in
      connection with the exchange listing of the Registrable Securities; (vi)
      National Association of Securities Dealers, Inc. fees; (vii) fees and
      disbursements of counsel for the Company and fees and expenses for independent
      certified public accountants retained by the Company (including the expenses
      or
      costs associated with the delivery of any opinions or comfort letters); (viii)
      the fees and expenses of any special experts retained by the Company in
      connection with such registration and (ix) the fees and expenses of one legal
      counsel selected by the holders of a majority-in-interest of the Registrable
      Securities included in such registration. The Company shall have no obligation
      to pay any underwriting discounts or selling commissions attributable to the
      Registrable Securities being sold by the holders thereof, which underwriting
      discounts or selling commissions shall be borne by such holders. Additionally,
      in an underwritten offering, all selling shareholders and the Company shall
      bear
      the expenses of the underwriter pro rata in proportion to the respective amount
      of shares each is selling in such offering.

     

    10.
      Waiver of Claims; Indemnification. Each
      Purchaser hereby waives any and all rights to assert any present or future
      claims, including any right of rescission, against the Company, Maxim or the
      other underwriters in the IPO exclusively with respect to their purchase of
      the
      Placement Units hereunder, and each Purchaser agrees to indemnify and hold
      the
      Company, Maxim and the other underwriters in the IPO harmless from all losses,
      damages or expenses that relate to claims or proceedings brought against the
      Company, Maxim or such other underwriters by such Purchaser of the Placement
      Units arising solely out of the purchase of the Placement Units
      hereunder.

     

    11. Counterparts;
      Facsimile.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original and all of which taken together
      shall
      constitute one and the same instrument. This Agreement or any counterpart may
      be
      executed via facsimile transmission, and any such executed facsimile copy shall
      be treated as an original.

    

    12.
      Governing Law.
      This
      Agreement shall for all purposes be deemed to be made under and shall be
      construed in accordance with the laws of the State of New York. Each of the
      parties hereby agrees that any action, proceeding or claim against it arising
      out of or relating in any way to this Agreement shall be brought and enforced
      in
      the courts of the State of New York or the United States District Court for
      the
      Southern District of New York, and irrevocably submits to such jurisdiction,
      which jurisdiction shall be exclusive. Each of the parties hereby waives any
      objection to such exclusive jurisdiction and that such courts represent an
      inconvenient forum.

    

    13.
      Assignment. 
      Prior to
      the Closing Date, Purchasers may assign their obligation to purchase Placement
      Units hereunder (i) to another Purchaser or Purchasers; (ii) to an entity
      wholly-owned by such Purchaser or another Purchaser or Purchasers; or (iii)
      to
      an entity over which such Purchaser or another Purchaser or Purchasers have
      sole
      voting or dispositive power. In each such case, the entity or entities to which
      such assignment is made shall agree to become party to this Agreement, and
      shall
      execute such other documentation as the Company may reasonably
      request.

    

    14.
      California
      Release and Waiver. Execution
      by a Purchaser of this
      Agreement constitutes an express waiver and release of any and all claims
      which would otherwise be preserved by operation of section 1542 of the
      California Civil Code.  California Civil Code section 1542 provides in
      pertinent part:

    

    “A
      general release does not extend to claims which the creditor does not know
      or
      suspect to exist in his or her favor at the time of executing the release,
      which
      if known by him or her must have materially affected his or her settlement
      with
      the debtor.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the undersigned have executed this Agreement as of the
      5th
      day of
      April, 2006.

     

    
      
        	 	 	 
	 	AFFINITY
                MEDIA
                INTERNATIONAL CORP.
	 
 	 
 	 
 
	 	By:  	/s/
                Howard Cohl
	 	
                
Howard
                Cohl,
	 	President

      

      
        	 	 	
                 

                 

                 

              
	 	MAXIM
                GROUP
                LLC
	 
 	 
 	 
 
	 	By:  	/s/
                Clifford Teller
	 	 	
                
                  

                

                Clifford
                  Teller

                Director of Investment Banking

              
	 	 	 
	 	 	 
	 	PURCHASERS:
	 	 
	 	/s/
                Peter Engel
	 	
                
Peter
                Engel
	 	 	 
	 	/s/
                Paul Klapper
	 	
                
 Paul
                Klapper
	 	 	 
	 	/s/
                Chris Baker
	 	
                
Chris
                Baker
	 	 	 
	 	 	 
	 	 	 
	 	
              

      

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    SCHEDULE
      A

    

    
      	
              PURCHASER

            	
              AMOUNT

            	
              PURCHASE
                PRICE

            
	
               

            	 	 
	
              Peter
                Engel

            	
              83,334
                Units

            	
              $500,000

            
	 	 	 
	
              Paul
                Klapper

            	
              83,333
                Units

            	
              $500,000

            
	
               

            	 	 
	
              Chris
                Baker

            	
              83,333
                Units

            	
              $500,000

            
	 	 	 
	
              TOTAL

            	
              250,000

            	
              $1,500,000EXHIBIT 10.11
                                  -------------

                                  WI-TRON, INC

                             2005 STOCK OPTION PLAN

1.    Purpose

      The  purpose of the 2005 Stock  Option  Plan (the  "Plan") is to provide a
method whereby selected key employees,  selected key consultants,  professionals
and  non-employee  directors of  Amplidyne,  Inc. (the  "Company")  may have the
opportunity  to invest in shares of the  Company's  common  stock  (the  "Common
Stock" or "Shares"),  thereby giving them a proprietary  and vested  interest in
the growth  and  performance  of the  Company,  and in  general,  generating  an
increased   incentive  to  contribute  to  the  Company's   future  success  and
prosperity,  thus  enhancing  the  value  of the  Company  for  the  benefit  of
shareholders.  Further, the Plan is designed to enhance the Company's ability to
attract and retain  individuals of exceptional  managerial  talent upon whom, in
large measure, the sustained progress,  growth, and profitability of the Company
depends.

2.    Administration

      The Plan shall be  administered  by the Company's  Board of Directors (the
"Board")  or, if so  designated  by  resolution  of the  Board,  by a  Committee
composed of not less than two individuals (the  "Committee").  From time to time
the Board or the Committee,  if so designated,  may grant stock options  ("Stock
Options" or "Options") to such eligible parties and for such number of Shares as
it in its sole  discretion  may  determine.  A grant in any year to an  eligible
Employee (as defined in Section 3 below) shall neither  guarantee nor preclude a
grant to such Employee in  subsequent  years.  Subject to the  provisions of the
Plan,  the Board shall be authorized to interpret the Plan, to establish,  amend
and rescind any rules and  regulations  relating to the Plan,  to determine  the
terms and provisions of the Option agreements  described in Section 5(h) thereof
to make all other  determinations  necessary or advisable for the administration
of the Plan.  The Board or the  Committee,  if so  designated,  may  correct any
defect,  supply any omissions or reconcile any  inconsistency  in the Plan or in
any  Option  in the  manner  and to the  extent  it shall  deem  desirable.  The
determinations  of the Board in the  administration  of the Plan,  as  described
herein, shall be final and conclusive. The validity, construction, and effect of
Plan and any rules and  regulations  relating to the Plan shall be determined in
accordance with the laws of the State of Delaware.

3.    Eligibility

      The class of  employees  eligible  to  participate  under  the Plan  shall
include,  employees, key consultants or professionals and non-employee directors
of the Company (collectively and individually, "Employees"). Nothing in the Plan
or in any agreement thereunder shall confer any right on an Employee to continue
in the employ of the Company or shall interfere in any way with the right of the
Company or its subsidiaries,  as the case may be, to terminate his employment at
any time.

                                       1
<PAGE>

4.    Shares Subject to the Plan

      Subject to  adjustment as provided in Section 7, an aggregate of 1,500,000
shares of Common  Stock shall be  available  for  issuance  under the Plan.  The
shares of Common  Stock  deliverable  upon the  exercise  of Options may be made
available  from  authorized  but  unissued  Shares or Shares  reacquired  by the
Company,   including   Shares  purchased  in  the  open  market  or  in  private
transactions.  If any  Option  granted  under the Plan shall  terminate  for any
reason  without  having  been  exercised  or settled in Common  Stock or in cash
pursuant to related Common Stock appreciation rights, the Shares subject to, but
not delivered under, such Option shall be available for other Options.

5.    Grant Term and Conditions of Options

      The Board or the Committee, if so designated,  may from time to time after
consultation  with  management  select  Employees to whom Stock Options shall be
granted.  The Options granted may be incentive Stock Options  ("Incentive  Stock
Options")  within the meaning of Section 422 of the Internal  Revenue  Code,  as
amended (the  "Code"),  or  non-statutory  Stock Options  ("Non-statutory  Stock
Options"),  whichever the Board or the Committee shall determine, subject to the
following terms and conditions:

      (a) Price.  The purchase price per share of Common Stock  deliverable upon
      exercise of each Incentive Stock Option shall not be less than 100 percent
      of the Fair  Market  Value of the Common  Stock on the date such Option is
      granted. Provided, however, that if an Incentive Stock Option is issued to
      an individual who owns, at the time of grant,  more than ten percent (10%)
      of the total combined voting power of all classes of the Company's  Common
      Stock,  the  exercise  price of such Option  shall be at least 110% of the
      Fair Market Value of the Common Stock on the date of grant and the term of
      the Option shall not exceed five years from the date of grant.  The Option
      price of Shares subject to Non-statutory Stock Options shall be determined
      by the Board or Committee, if so designated, in its absolute discretion at
      the time of grant of such  Option,  provided  that such price shall not be
      less than 85% of the Fair Market  Value of the Common Stock at the time of
      grant.  For purposes of this Plan,  Fair Market Value shall be the average
      of the  closing  bid and ask prices  for the  Common  Stock on the date in
      question.

      (b) Payment.  Options may be  exercised  only upon payment of the purchase
      price  thereof  in  full.  Such  payment  shall  be made  in such  form of
      consideration as the Board or Committee, if so designated,  determines and
      may vary for each  Option.  Payment  may  consist of cash,  check,  notes,
      delivery of shares of Common  Stock having a fair market value on the date
      of surrender equal to the aggregate  exercise price, or any combination of
      such methods or other means of payment permitted under Delaware law.

      (c) Term of Options.  The term during  which each Option may be  exercised
      shall be  determined  by the  Board or the  Committee,  if so  designated,
      provided that an Incentive  Stock Option shall not be exercisable in whole
      or in part more than 10 years from the date it is  granted.  All rights to
      purchase  Common  Stock  pursuant  to  an  Option  shall,   unless  sooner
      terminated,  expire at the date  designated by the Board or the Committee,
      if so designated.

                                       2
<PAGE>

      The Board or the Committee, if so designated,  shall determine the date on
      which each Option shall become  exercisable and may provide that an Option
      shall become  exercisable  in  installments.  The Shares  comprising  each
      installment  may be  purchased  in whole or in part at any time after such
      installment  becomes  purchasable,  except that the  exercise of Incentive
      Stock Options shall be further  restricted as set forth herein.  The Board
      or the Committee, if so designated, may in its sole discretion, accelerate
      the  time at  which  any  Option  may be  exercised  in  whole or in part,
      provided  that no Incentive  Stock Option shall be  exercisable  until one
      year after grant.

      (d) Limitations on Grants.  The aggregate Fair Market Value (determined at
      the time the Option is granted) of the Common  Stock with respect to which
      the  Incentive  Stock  Option  is  exercisable  for the  first  time by an
      Optionee  during any calendar  year (under all plans of the Company or any
      subsidiary  of the  Company)  shall not  exceed  $100,000.  The  foregoing
      limitation  shall be modified  from time to time to reflect any changes in
      Section 422 of the Code and any regulations promulgated thereunder setting
      forth such limitations.

      (e) Termination of Employment.

            (i) If the  employment of an Employee by the Company or a subsidiary
      corporation of the Company shall be terminated voluntarily by the Employee
      or for cause by the  Company,  then his  Option  shall  expire  forthwith.
      Except as provided in subparagraphs  (ii) and (iii) of this Paragraph (e),
      if such employment shall terminate for any other reason,  then such Option
      may  be  exercised  at  any  time  within  three  (3)  months  after  such
      termination,  subject  to the  provisions  of  subparagraph  (iv)  of this
      Paragraph (e). For purposes of this  subparagraph,  an employee who leaves
      the  employ  of  the  Company  to  become  an  employee  of  a  subsidiary
      corporation  of the  Company or a  Corporation  (or  subsidiary  or parent
      corporation of the Company) which has assumed the Option of the Company as
      a result of a corporate  reorganization,  etc., shall not be considered to
      have terminated his employment.

            (ii) If the  holder  of an  Option  under  the Plan  dies (a)  while
      employed by, or while serving as a non-employee  director for, the Company
      or a subsidiary corporation of the Company, or (b) within three (3) months
      after the termination of his employment or services other than voluntarily
      by the employee or non-employee  director,  or for cause, then such Option
      may, subject to the provisions of subparagraph (iv) of this Paragraph (e),
      be exercised by the estate of the employee or non-employee  director or by
      a person who  acquired  the right to  exercise  such  Option by bequest or
      inheritance  or by reason of the death of such  employee  or  non-employee
      director at any time within one (1) year after such death.

            (iii) If the  holder of  Option  under  the Plan  ceases  employment
      because of permanent or total disability (within the meaning of Section 22
      (e)  (3) of the  Code)  while  employed  by the  Company  or a  subsidiary
      corporation  of  the  Company,  then  such  Option  may,  subject  to  the
      provisions of subparagraph (iv) of this paragraph (e), be exercised at any
      time  within  one  year  after  his   termination  of  employment  due  to
      disability.

            (iv) An Option may not be exercised  pursuant to this Paragraph (e),
      except to the extent that the holder was  entitled to exercise  the Option
      at the time of termination of employment,  termination of Directorship, or
      death,  and in any event may not be exercised  after the expiration of the
      Option. For purpose of this Paragraph (e), the employment  relationship of
      an employee of the Company or of a subsidiary  corporation  of the Company
      will be treated as continuing intact while he is on military or sick leave
      or other bona fide leave of absence  (such as temporary  employment by the
      Government) if such leave does not exceed ninety (90) days, or, if longer,
      so long as his right to reemployment is guaranteed either by statute or by
      contract.

                                       3
<PAGE>

      (f)  Nontransferability  of Options.  No Option shall be transferable by a
      Holder otherwise than by will or the laws of descent and distribution, and
      during the lifetime of the Employee to whom an Option is granted it may be
      exercised only by the employee,  his guardian or legal  representative  if
      permitted  by  Section  422  and  related  sections  of the  Code  and any
      regulations promulgated thereunder.

      (g)  Listing  and  Registration.  Each  Option  shall  be  subject  to the
      requirement  that  if at  any  time  the  Board  or the  Committee,  if so
      designated, shall determine, in its discretion, the listing,  registration
      or  qualification  of the Common  Stock  subject to such  Option  upon any
      securities  exchange or under any state or federal  law, or the consent or
      approval of any governmental regulatory body, is necessary or desirable as
      a condition of, or in connection  with, the granting of such Option or the
      issue or purchase of Shares thereunder, no such Option may be exercised in
      whole or in part unless such listing, registration, qualification, consent
      or approval  shall have been effected or obtained  free of any  conditions
      not acceptable to the Board or the Committee.

      (h) Option  Agreement.  Each  Employee to whom an Option is granted  shall
      enter  into an  agreement  with  the  Company  which  shall  contain  such
      provisions,  consistent  with  the  provisions  of  the  Plan,  as  may be
      established by the Board or the Committee, if so designated.

      (i)  Withholding.  Prior to the  delivery  of  certificates  for shares of
      Common Stock,  the Company or a subsidiary shall have the right to require
      a payment from an Employee to cover any  applicable  withholding  or other
      employment taxes due upon the exercise of an Option.  An Optionee may make
      such  payment  either  (i) in cash,  (ii) by  authorizing  the  Company to
      withhold a portion of the stock otherwise issuable to the Optionee,  (iii)
      by delivering  already-owned  Common Stock,  or (iv) by any combination of
      these means.

6.    Adjustment of and Changes in Common Stock

      In the event of a  reorganization,  recapitalization,  stock split,  stock
dividend, combination of Shares, merger, consolidation,  distribution of assets,
or any other  changes in the corporate  structure or Shares of the Company,  the
Board or the  Committee,  if so  designated,  shall make such  adjustments as it
deems  appropriate  in the number and kind of Shares  authorized by the Plan, in
the number and kind of Shares covered by the Options granted and in the exercise
price of outstanding Options.

                                       4
<PAGE>

7.    Mergers and Sales

      In the case of any merger,  consolidation  or  combination  of the Company
with or into another company (other than a merger,  consolidation or combination
in which the Company is the continuing  company and which does not result in its
outstanding  Common  Stock  being  converted  into or  exchanged  for  different
securities, cash or other property, or any combination thereof) or a sale of all
or  substantially  all of the business or assets of the Company,  each Incentive
Stock Option then outstanding for one year or more, and each Non-statutory Stock
Option shall (unless the Board or the Committee  determines  otherwise)  receive
upon  exercise of such  Option an amount  equal to the excess of the Fair Market
Value on the date of such exercise of the securities, cash or other property, or
combination thereof, receivable upon such sale of assets, merger,  consolidation
or combination in respect of a share of Common Stock, over the exercise price of
such Option,  multiplied by the number of shares of Common Stock with respect to
which such  Option  shall have been  exercised  provided  that in each event the
amount payable in the case of an Incentive  Stock Option shall be limited to the
maximum  permissible  amount  necessary to preserve the  Incentive  Stock Option
status.  Such amount may be payable  fully in cash,  fully in one or more of the
kind or kinds or property payable in such merger,  consolidation or combination,
or partly in cash and partly in one or more such kind or kinds of property,  all
in the discretion of the Board or the Committee.

      Any  determination by the Board or the Committee,  if so designated,  made
pursuant to this Section 7 may be made as to all outstanding  Options or only as
to  certain  Options  specified  by the  Board  or the  Committee  and any  such
determination shall be made prior to the occurrence of such event.

8.    No Rights of Shareholders

      Neither an Employee nor the Employee's legal  representative  shall be, or
have any of the  rights  and  privileges  of, a  shareholder  of the  Company in
respect of any Shares  purchasable upon the exercise of any Option,  in whole or
in part, unless and until certificates for such Shares shall have been issued.

9.    Plan Amendments

      The plan may be  amended  by the Board as it shall  deem  advisable  or to
conform, to any change in any law or regulation  applicable  thereto;  provided,
that the Board may not, without the  authorization and approval of shareholders:
(i) increase the  aggregate  number of Shares  available  for Options  except as
permitted  by Section 6; (ii)  materially  increase  the  benefits  accruing  to
participants  under this Plan;  (iii) extend the maximum  period during which an
Option may be exercised; or (iv) change the Plan's eligibility requirements. Any
discrepancy  between the Board and any  committee  regarding  this Plan shall be
decided in any manner directed by the Board.

10.  Term of Plan

      The Plan became  effective  upon its  approval by the  Company's  majority
shareholders  on October 20, 2005.  No Options  shall be granted  under the Plan
after the date which is ten years after the date on which the Plan was  approved
by the Company shareholders.

                                       5

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