Document:

BRCM-EX10.44_2013.12.31-10K

                                                                                                              Exhibit 10.44

EIGHTH AMENDMENT TO LEASE

I.PARTIES AND DATE. 
This Eighth Amendment to Lease (the "Amendment") dated as of February 26,     ,
2013, is by and between THE IRVINE COMPANY LLC, a Delaware limited liability company ("Landlord"), and BROADCOM CORPORATION, a California corporation ("Tenant").
II.RECITALS.
On October 31, 2007, Landlord and Tenant entered into a lease (the "Original Lease"), which Lease was amended by a First Amendment to Lease dated November 12, 2008 (the "First Amendment"), by a Second Amendment to Lease dated July 21, 2010 (the "Second Amendment"), by a Third Amendment to Lease dated September 14, 2010 (the "Third Amendment"), by a Fourth Amendment to Lease dated November 15, 2010 (the "Fourth Amendment"), by a Fifth Amendment to Lease dated April 26, 2011 (the "Fifth Amendment"), and by a Sixth Amendment to Lease dated August 2, 2011 (the "Sixth Amendment"), and by a Seventh Amendment to Lease dated June 28, 2012 (the "Seventh Amendment"). The Original Lease, as so amended, is referred to herein as the "Lease", and the Premises leased by Tenant pursuant to, and as more particularly defined in, the Lease is referred to herein as the "Premises". The portion of the Premises consisting of 21,782 rentable square feet and leased by Tenant in the building located at 5251 California Avenue, Irvine, California (the "5251 Building") pursuant to the Second Amendment, the Fourth Amendment, the Fifth Amendment, and the Sixth Amendment is collectively referred to herein as the "5251 California Premises".
On or about the date of this Amendment, Landlord and Tenant have executed that certain Fifth Amendment to Lease amending Landlord's and Tenant's separate lease agreement dated as of December 29, 2004 (the "2004 Lease Fifth Amendment").
Landlord and Tenant each desire to modify the Lease to make such other modifications as are set forth in "Ill. MODIFICATIONS" next below.
III.MODIFICATIONS.
A. Basic Lease Provisions. The Basic Lease Provisions of the Lease are hereby amended as follows:
1.Item 5 of the Lease is hereby amended by adding the following:
"Lease Term as to the 5251 California Premises: The Term of the Lease as to the 5251 California Premises shall expire at midnight on April 30, 2017.
2.Item 6 of the Lease is hereby amended by adding the following as additional paragraphs of the rent schedule:
Basic Rent for the 5251 California Premises:
Commencing on August 1, 2014, the Basic Rent for the 5251 California Premises shall be Thirty One Thousand One Hundred Forty Eight Dollars ($31,148.00) per month, based on $1.43 per rentable square foot.
Commencing on August 1, 2015, the Basic Rent for the 5251 California Premises shall be Thirty Two Thousand Six Hundred Seventy Three Dollars ($32,673.00) per month, based on $1.50 per rentable square foot.
Commencing on August 1, 2016, the Basic Rent for the 5251 California Premises shall be Thirty Four Thousand One Hundred Ninety Eight Dollars ($34,198.00) per month, based on $1.57 per rentable square foot.
B. Right to Extend the Lease. Sections 3.4 and 3.5 of the Lease, entitled "Right to Extend this Lease" and "Prevailing Market Rent", respectively, are hereby deleted in their entirety and substituted therefor shall be the following Section 3.4:
"SECTION 3.4 RIGHT TO EXTEND THE LEASE. Provided that no Event of Default exists under any provision of the Lease at the time of exercise of the
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February 25, 2013    1

                                                                                                              Exhibit 10.44

extension rights granted herein, and provided Tenant has not assigned the Lease (except for this purpose only, an assignment pursuant to Section 9.4 shall not be considered an assignment), then Tenant may extend the Term of the Lease for the entire Premises for two (2) successive extension periods, the initial extension period commencing on May 1, 2017 and ending on May 31, 2018 (the "Initial Extension Period"), and the second of such extension periods commencing on June 1, 2018 and ending on May 31, 2019 (the "Second Extension Period), all on the terms and conditions provided in this Section 3.4. The Initial Extension Period and the Second Extension Period are herein collectively referred to as the "Extension Periods", and individually as an "Extension Period". It shall be a further condition of Tenant's right to exercise the Term for the Initial Extension Period that Tenant shall have exercised its right to extend the "Initial Extension Period" under the 2004 Lease Fifth Amendment; and it shall be a further condition of Tenant's right to exercise the Term for the Second Extension Period that Tenant shall have exercised its right to extend the "Second Extension Period" under the 2004 Lease Fifth Amendment.
Tenant (i) shall exercise its right to extend the Term for the Initial Extension Period by and only by delivering to Landlord, not later than May 31, 2014, Tenant's irrevocable written notice of its commitment to extend the Term for the Initial Extension Period, and (ii) shall exercise its right to extend the Term for the Second Extension Period by and only by delivering to Landlord, not later than May 31, 2015, Tenant's irrevocable written notice of its commitment to extend the Term for the Second Extension Period (each such notice, a "Commitment Notice"). Tenant's exercise of its right to extend the Term for the Initial Extension Period, as herein provided, shall be a condition precedent for Tenant's right to extend the Term for the Second Extension Period. Tenant's lease of the Premises during each of the Extension Periods shall be on the same terms and conditions set forth in the Lease, except that the Basic Rent payable under the Lease during each of the Extension Periods shall be Six Hundred Forty Thousand Two Hundred and Eighty Three and Four Tenths Dollars ($640, 283.40) per month, based on $2.70 per rentable square foot of the Premises.
Upon receipt of a Commitment Notice, Landlord shall prepare a reasonably appropriate amendment to the Lease for the applicable Extension Period and Tenant shall execute and return same to Landlord within ten (10) days.
If Tenant fails to timely exercise either of the extension rights granted herein within the time periods expressly set forth for exercise by Tenant in the initial paragraph of this Section 3.4, Tenant's right to extend the Term shall be extinguished and the Lease shall automatically terminate as of the then-scheduled Expiration Date of the Term, without any extension and without any liability to Landlord. Tenant's rights under this Section shall belong solely to Broadcom Corporation, a California corporation, and any attempted assignment or transfer of such rights (except in connection with an assignment of the Lease pursuant to Section 9.4 of the Lease) shall be void and of no force and effect. Tenant shall have no other right to extend the Term beyond the two (2) Extension Periods created by this Section. Unless agreed to in a writing signed by Landlord and Tenant, any extension of the Term, whether created by an amendment to this Lease or by a holdover of the Premises by Tenant, or otherwise, shall be deemed a part of, and not in addition to, any duly exercised Extension Period permitted by this Section 3.4.
C. Rent Credit. In the event that Tenant and Landlord, subsequent to the date of this Amendment, shall enter into either (i) a build-to-suit lease for facilities on property owned by Landlord and commonly known as "Planning Area 17", or (ii) an extension of the Term of this Lease for a minimum of 60 months (collectively, such build-to-suit lease or extension agreement, the "New Lease" herein), such New Lease being entered into after Tenant has exercised and commenced payment of the Basic Rent under either of the Extension Periods, then a credit in the amount of the difference between (i) the Basic Rent paid during such Extension Period(s) and (ii) the amount of $2.42 per rentable square foot per month of the leased premises under the New Lease over the same period of such payment by Tenant, shall be granted against the Basic Rent due and payable under the New Lease. [Example: If Tenant exercises the extension of the Term for the Initial Extension Period and pays Basic Rent of $2.70/NNN/SF for one (1) month, and Landlord and Tenant then agree to enter into the New Lease, Landlord would credit back the one (1) month rent difference between $2.70/SF and 2.42/SF or ($.028/SF) multiplied
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February 25, 2013    2

                                                                                                              Exhibit 10.44

by the r/s/f of the Premises of 237,142, or an amount of $66,399.76 for one month, against Basic Rent initially due and payable under the New Lease.]
Nothing contained in this Section 111.6 shall require either Landlord or Tenant to agree to the terms of, or to enter into negotiations whatsoever for entry into, the New Lease.
IV.    GENERAL.
A.Effect of Amendments. The Lease shall remain in full force and effect except to the extent that it is modified by this Amendment.
B.Entire Agreement. This Amendment embodies the entire understanding between Landlord and Tenant with respect to the modifications set forth in "Ill. MODIFICATIONS" above and can be changed only by a writing signed by Landlord and Tenant.
C.Counterparts. If this Amendment is executed in counterparts, each is hereby declared to be an original; all, however, shall constitute but one and the same amendment. In any action or proceeding, any photographic, photostatic, or other copy of this Amendment may be introduced into evidence without foundation.
D.Defined Terms. All words commencing with initial capital letters in this Amendment and defined in the Lease shall have the same meaning in this Amendment as in the Lease, unless they are otherwise defined in this Amendment.
E.Corporate and Partnership Authority. If Tenant is a corporation or partnership, or is comprised of either or both of them, each individual executing this Amendment for the corporation or partnership represents that he or she is duly authorized to execute and deliver this Amendment on behalf of the corporation or partnership and that this Amendment is binding upon the corporation or partnership in accordance with its terms.
V.    EXECUTION.
Landlord and Tenant executed this Amendment on the date as set forth in "I. PARTIES AND DATE." above.
LANDLORD:    TENANT:
THE IRVINE COMPANY LLC    BROADCOM CORPORATION
a Delaware limited liability company    a California corporation

By   /s/ Steven M. Case                By  /s/ Eric Brandt
    Steven M. Case    Eric Brandt
Executive Vice President    Executive Vice President and
Office Properties    Chief Financial Office
By   /s/ Michael T. Bennett                By  /s/ Ryan Lorey
   Michael T. Bennett    Ryan Lorey
Executive Vice President    Senior Director
Office Properties    Global Real Estate

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February 25, 2013    3Laredo Resources Corp. - Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1 

LAREDO RESOURCES CORP. 
2014 EMPLOYEE AND
CONSULTANT INCENTIVE EQUITY PLAN 

     1.      Purpose.

     The purpose of the Laredo
Resources Corp. 2014 Employee and Consultant Incentive Equity Plan (the “Plan”)
is to promote the long-term profitability of Laredo Resources Corp. (the
Company”) and to enhance value for its stockholders by offering incentives and
rewards to key employees, consultants, directors and officers of the Company, to
retain their services and to encourage them to acquire and maintain stock
ownership in the Company as well as helping the Company obtain and retain the
services of persons providing consulting services upon whose judgment,
initiative, efforts and/or services the Company is substantially dependent, by
offering to or providing those persons with incentives or inducements affording
such persons an opportunity to become owners of capital stock of the Company.
The type of incentive Awards that may be provided under the Plan will enable the
Company to respond to changes in compensation practices, tax laws, accounting
regulations and the size and diversity of its businesses.

     2.     
Definitions. 

                    (a)      Affiliate
- The term "Affiliate" is defined as any person controlling the
Company, controlled by the Company, or under common control with the Company.

                    (b)     
Agreement – means an agreement between the Company and the
Holder setting forth the terms and conditions of an Award under the Plan. 

                    (c)      Award
- the term "Award" is collectively and severally defined as any Stock
Option, Restricted Stock and/or other Stock Based Award granted under this Plan.

                    (b)     
Board - the term "Board" is defined as the Board of Directors of
the Company, as such body may be reconstituted from time to time. 

                    (e)      Code
– means the Internal Revenue Code of 1986, as amended from time to time. 

                    (f)      Committee
– the term “Committee” means the Board or any committee of the Board that the
Board may designate to administer the Plan or any portion thereof. If no
Committee is so designated, then all references in this Plan to “Committee”
shall mean the Board. 

                    (g)      Common
Stock - The term "Common Stock" is defined as the Company's
common stock, $0.001 par value per share. 

                    (h)      Company
- The term "Company" is defined as Laredo Resources Corp., a
corporation organized and existing under the laws of the State of Nevada. 

                    (i)      Disposed
- The term "Disposed" (or the equivalent terms "Disposition" or "Dispose") is
defined as any transfer or alienation of an Award which would directly or
indirectly change the legal or beneficial ownership thereof, whether voluntary
or by operation of law, or with or without the payment or provision of
consideration, including, by way of example and not limitation: (i) the sale,
assignment, bequest or gift of the Award; (ii) any transaction that creates or
grants a right to obtain an interest in the Award; (iii) any transaction that
creates a form of joint ownership in the Award between the Recipient and one or
more other Persons; (iv) any Disposition of the Award to a creditor of the
Recipient, including the hypothecation, encumbrance or pledge of the Award or any interest therein, or
the attachment or imposition of a lien by a creditor of the Recipient of the
Award or any interest therein which is not released within thirty (30) days
after the imposition thereof; (v) any distribution by a Recipient which is an
entity to its stockholders, partners, co-venturers or members, as the case may
be, or (vi) any distribution by a Recipient which is a fiduciary such as a
trustee or custodian to its settlors or beneficiaries.

                    (j)      Effective
Date – means the date as set forth in Section 12.1 below. 

                    (k)     
Eligible Person - The Company may engage “advisors” and/or
“consultants” who may participate in this Plan, as long as such “advisors”
and/or “consultants” fit the definition of “employee” included in the General
Instructions to Securities and Exchange Commission (the “SEC”) Form S-8, which
define the term “employee” to include an employee, director, general partner,
officer, consultant or advisor. Such General Instructions impose three essential
limitations on “consultants” or “advisors” eligible for participation in a plan
covered by SEC Form S-8. Therefore, in order for a “consultant” or “advisor”
rendering services to the Company to be an “eligible consultant” under this Plan
and to be eligible to receive shares of Common Stock of the Company under this
Plan and pursuant to the Form S-8 filed by the Company with the SEC, such
“consultant” or “advisor” (i) must be a natural person; (ii) must provide bona
fide services to the Company; (iii) the services rendered by such “consultant”
or “advisor” may not be in connection with the offer or sale of securities in a
capital-raising transaction and may not directly or indirectly promote or
maintain a market for the Company’s securities. 

                    (l)     
Fair Market Value - The term "Fair Market Value" shall mean as
of any given date: (i) if the Common Stock is listed on a national securities
exchange, the closing price of the Common Stock in the principal trading market
for the Common Stock on such date, as reported by the exchange (or on the last
preceding trading date if such security was not traded on such date); (ii) if
the Common Stock is not listed on a national securities exchange, but is traded
in the over-the-counter market, the closing bid price for Common Stock on such
date, as reported by the OTC Bulletin Board or the OTC Markets Group Inc. or
similar publisher of such quotations; and (iii) if the fair market value of the
Common Stock cannot be determined pursuant to clause (i) or (ii) above, such
price as the Committee shall determine in good faith. 

                    (m)     
Holder - The term “holder” is defined as a person who has
received an Award under the Plan.

                    (n)     
Normal Retirement – means retirement from active employment with
the Company or any Subsidiary, other than for Cause or due to death or
disability, of a Holder who: (i) has reached the age of 65; (ii) has reached the
age of 62 and has completed five years of service with the Company; or (iii) has
reached the age of 60 and has completed 10 years of service with the Company.

                    (o)     
Other Stock Based Award – means an Award under Section 9 below,
that is valued in whole or in part by reference to, or is otherwise base upon
Common Stock. 

                    (p)      Parent
– the term “parent” means any present or future “parent corporation” of the
Company, as such term is defined in Section 424(e) of the Code.

                    (q)      Plan
- The term "Plan" is defined as this 2013 Employee and Consultant
Incentive Equity Plan, as may be amended from time to time. 

                    (r)      Recipient
- The term "Recipient" is defined as any Eligible Person who, at a particular
time, receives the grant of an Award. 

2 

                    (s)      Repurchase
Value – shall mean the Fair Market Value in the event the Award to
be repurchased under Section 10.2 is comprised of shares of Common Stock and the
difference between Fair Market Value and the Exercise Price (if lower than Fair
Market Value) in the event the Award is a Stock Option or Stock Appreciation
Right, in each case, multiplied by the number of shares subject to the Award.

                    (t)     
Restricted Stock – shall mean Common Stock, received under an
Award made pursuant to Section 8 below, that is subject to restrictions under
said Section 8. 

                    (u)     
SAR Value –the term “SAR Value” shall mean the excess of the
Fair market Value (on the exercise date) over the exercise price that the
participant would have otherwise had to pay to exercise the related Stock
Option, multiplied by the number of shares for which the Stock Appreciation
Right is exercised. 

                    (v)     
Securities Act - The term "Securities Act" is defined as the
Securities Act of 1933, as amended (references herein to Sections of the
Securities Act are intended to refer to Sections of the Securities Act as
enacted at the time of the adoption of this Plan by the Board and as
subsequently amended, or to any substantially similar successor provisions of
the Securities Act resulting from recodification, renumbering or otherwise).

                    (w)      Stock
Appreciation Right – means the right to receive from the Company,
on surrender of all or part of the related Stock Option, without a cash payment
to the Company, a number of shares of Common Stock equal to the SAR Value
divided by the Fair Market Value (on the exercise date). 

                    (x)     
Stock Option or Option – means any option to purchase shares of
Common Stock that is granted pursuant to the Plan. 

                    (y)     
Subsidiary – shall mean any present or future “subsidiary
corporation” of the Company, as such term is defined in Section 424(f) of the
Code. 

     3.      Plan
Administration 

     The Board of Directors of the
Company (the “Board”) shall be responsible for administering the Plan.
Notwithstanding the foregoing, the Board may appoint a Committee composed of two
or more of members of the Board who shall be “non-employee Directors” as defined
in Rule 16b-3 promulgate under the Securities Act, to administer the Plan and,
in the event of such appointment, the Committee shall be responsible for
administering the Plan and shall have the powers otherwise granted to the Board
under the Plan. The Board shall have full and exclusive power to interpret the
Plan and to adopt such rules, regulations and guidelines for carrying out the
Plan as it may deem necessary or proper, all of which power shall be executed in
the best interests of the Company and in keeping with the objectives of the
Plan. This power includes but is not limited to selecting award recipients for
Board members, executive officers, non-executive employees and consultants of
the Company pursuant to the terms of the Plan for the award of (i) Stock
Options, (ii) Stock Appreciation Rights, (iii) Restricted Stock and/or (iv)
Other Stock-Based Awards; establishing all award terms and conditions and
adopting modifications, amendments and procedures, as well as rules and
regulations governing awards under the Plan; and to make all other
determinations necessary or advisable for the administration of the Plan. The
interpretation and construction of any provision of the Plan or any option or
right granted hereunder and all determinations by the Board in each case shall
be final, binding and conclusive with respect to all interested parties. 

3 

     4.      Shares
of Common Stock Subject to the Plan. 

	 	4.1 	
      Number of Shares. The total number of shares of Common
      Stock reserved and available for issuance under the Plan shall be Four
      Hundred Million (400,000,000) shares. Shares of Common Stock under the
      Plan may consist, in whole or in part, or authorized and unissued shares
      or treasury shares. If any share of Common Stock that have been granted
      pursuant to a Stock Option ceases to be subject to a Stock Option, or if
      any shares of Common Stock that are subject to any Stock Appreciation
      Right, Restricted Stock, Deferred Stock Award, or Other Stock-Based Award
      granted hereunder are forfeited or any such Award otherwise terminates
      without a payment being made to the Holder in the form of Common Stock,
      such shares shall again be available for distribution in connection with
      future grants and Awards under the Plan.

	 	 	 
	 	4.2 	
      Adjustments upon Changes in Capitalization, Etc. In the
      event of any stock dividend, stock split, reverse stock split, combination
      or exchange of shares, or other similar event (not addressed in Section
      4.3 below) occurring after the grant of an Award, which results in a
      change in the shares of Common St6ock of the Company as a whole, (i) the
      number of shares issuable in connection with any such Award and the
      purchase price thereof, if any, shall be proportionately adjusted to
      reflect the occurrence of any such event and (ii) the Committee shall
      determine whether such change require an adjustment in the aggregate
      number of shares reserve for issuance under the Plan or to retain the
      number of shares reserved and available under the Plan in their sole
      discretion. Any adjustment required by this Section 4.2 shall be made by
      the Committee in good faith, subject to Board authorization if indicated,
      whose determination shall be final, binding and conclusive.

	 	 	 
	 	4.3 	
      Certain Mergers and Similar Transactions. In the event of
      (a) a dissolution or liquidation of the Company, (b) merger or
      consolidation in which the Company is not the surviving corporation (other
      than a merger or consolidation with a wholly owned subsidiary, a
      reincorporation of the Company in a different State, or other transaction
      in which there is no substantial change in the shareholders of the Company
      or their relative stock holdings, and the Awards granted under this Plan
      are assumed, converted or replaced by the successor corporation, which
      assumption will be binding on all Awardees, (c) a merger in which the
      Company is the surviving corporation but after which the shareholders of
      the Company immediately prior to such merger (other than any shareholder
      that merges, or which owns or controls another corporation that merges
      with the Company in such merger) cease to own their shares or other equity
      interest in the Company, (d) the sale of substantially all of the assets
      of the Company, or (e) the acquisition, sale or transfer of more than 50%
      of the outstanding shares of the Company by tender offer or similar
      transaction, any or all outstanding Awards may be assumed, converted or
      replaced by the successor corporation (if any), which assumption,
      conversion or replacement will be binding on all Awardees. In the
      alternative, the successor corporation may substitute equivalent Awards or
      provide substantially similar consideration to Awardees as was provided to
      shareholders (after taking into account the
existing provisions of the Awards). The
successor corporation may also issue, in place of outstanding Shares of the
Company held by the Holder, substantially similar shares or other property
subject to repurchase restrictions no less favorable to the Holder, In the event
such successor corporation (if any) refuses or otherwise declines to assume or
substitute Awards, as provided above, (i) the vesting of any or all Awards
granted pursuant to this Plan will accelerate immediately prior to the effective
date of a transaction described in this Section 4.3 and (ii) any or all Stock
Options granted pursuant to this Plan will become exercisable in full prior to
the consummation of such event at such time and on such conditions as the
Committee determines. If such Stock Options are not exercised prior to the
consummation of the corporate transaction, they shall terminate at such time as
determined by the Committee. Subject to any greater rights granted to Awardees
under the foregoing provisions of this Section 4.3, in the event of the
occurrence of any transaction described in this Section 4.3, any outstanding
Awards will be treated as provide in the applicable agreement or plan of merger,
consolidation, dissolution, liquidation, or sale of assets. 

4 

     5.      Eligibility.

     Awards may be made or granted to
employees, officers, directors and consultants who are deemed to have rendered
or to be able to render significant services to the Company or its Subsidiaries
and who are deemed to have contributed or to have the potential to contribute to
the success of the Company. Notwithstanding anything to the contrary contained
in the Plan, Awards covered or to be covered under a registration statement on
Form S-8 may be made under the Plan only if (a) they are made to a natural
person, (b) who provide bona fide services to the Company or its Subsidiaries,
and (c) the services are not in connection with the offer and sale of securities
in a capital raising transaction, and do not directly or indirectly promote or
maintain a market for the Company’s securities. 

     6.      Stock
Options. 

	 	6.1 	
      Grant and Exercise. Any Stock Option granted under the
      Plan shall contain such terms, not inconsistent with this Plan as the
      Committee may from time to time approve.

	 	 	 
	 	6.2 	
      Terms and Conditions. Stock Options granted under the
      Plan shall be subject to the following terms and
  conditions:

	 	(a) 	
      Option Term. The term of each Stock Option shall be fixed
      by the Committee.

	 	 	 
	 	(b) 	
      Exercise Price. The exercise price per share of the
      Common Stock purchasable under a Stock Option shall be determined by the
      Committee at the time of grant and may not be less than 50% of the Fair
      Market Value on the day of grant.

	 	 	 
	 	(c) 	
      Exercisability. Stock Options shall be exercisable at
      such time or times and subject to such terms and conditions as shall be
      determined by the Committee and as set forth in Section 10 below. If the
      Committee provides, in its discretion, that any Stock Option is
      exercisable only in installments, i.e. that it vests over time, the
      Committee may waive such installment exercise provisions at any time at or after the time of
      grant in whole or in part, based upon such factors as the Committee shall
  determine.

5 

	 	(d) 	
      Method of Exercise. Subject to whatever installment,
      exercise and waiting period provisions are applicable in a particular
      case, Stock Options may be exercised in whole or in part at any time
      during the term of the Stock Option, by giving written notice of exercise
      to the Company specifying the number of shares of Common Stock to be
      purchased. Such notice shall be accompanied by payment in full of the
      purchase price, which shall be in cash or, if provided in the Agreement,
      either in shares of Common Stock (including Restricted Stock and other
      contingent Awards under this Plan) or partly in cash and partly in Common
      Stock, or such other means which the Committee determines are consistent with the Plan’s
      purpose and applicable law. Cash payments shall be made by wire transfer,
      certified or bank check or personal check, in each case payable to the
      order of the Company; provided, however, that the Company shall not be
      required to deliver certificates for shares of Common Stock with respect
      to which an Option is exercised until the Company has confirmed the
      receipt of good and available funds in payment of the purchase price
      thereof. Payments in the form of Common Stock shall be valued at Fair
      Market Value on the date prior to the date of exercise. Such payments
      shall be made by delivery of stock certificates in negotiable form that
      are effective to transfer good and valid title thereto to the Company,
      free of any liens or encumbrances. A Holder shall have none of the rights
      of a Shareholder with respect to the shares subject to the Option until
      such shares shall be transferred to the Holder upon the exercise of the
      Option.

	 	 	 
	 	(e) 	
      Transferability. Except as may be set forth in the
      Agreement, no Stock Option shall be transferable by the Holder other than
      by will or by the laws of descent and distributions, and all Stock Options
      shall be exercisable, during the Holder’s lifetime only by the Holder (or,
      to the extent of legal incapacity or incompetency, the Holder’s guardian
      or legal representative).

	 	 	 
	 	(f) 	
      Termination by Reason of Death. If a Holder’s employment
      by the Company or a Subsidiary terminates by reason of death,
      any Stock Option held by such Holder, unless otherwise determined by the
      Committee at the time of grant and set forth in the Agreement, shall
      thereupon automatically terminate, except that the portion of such Stock
      Option that has vested on the date of death may thereafter be exercised by
      the legal representative of the estate or by the legatee of the Holder
      under the will of the Holder, for a period of one year (or such other
      greater or lesser period as the Committee may specify at grant) from the
      date of such death or until the expiration of the stated term of such
      Stock Option, whichever period is shorter.

	 		
       

	 	(g) 	
      Termination by Reason of Disability. If a Holder’s
      employment by the Company or any Subsidiary terminates by reason of
      Disability, any Stock Option held by such Holder, unless otherwise
      determined by the Committee at the time of grant and set forth in the
      Agreement, shall there upon automatically terminate, except that the
      portion of such Stock Option that has vested on the date of termination
      may thereafter be exercised by the Holder for a period of one year (or
      such other greater or lesser period as the Committee may specify at the
      time of grant) from the date of such termination of employment or until the expiration of the
      stated term of such Stock Option, whichever period is shorter.

6 

	 	(h) 	
      Other Termination. Subject to the provisions of Section
      13 below, and unless otherwise determined by the Committee at the time of
      grant and set forth in the Agreement, if a Holder is an employee of the
      Company or a Subsidiary at the time of grant and if such Holder’s
      employment by the Company or any Subsidiary terminates for any reason
      other than death or Disability, the Stock Option shall thereupon
      automatically terminate, except that if the Holder’s employment is
      terminated by the Company or a Subsidiary without cause or due to normal retirement,
      then the portion of such Stock Option that has vested on the date of
      termination of employment may be exercised for the lesser of three months
      after termination of employment or the balance of such Stock Option’s
      term.

	 		
       

	 	(i) 	
      Buyout and Settlement Provisions. The Committee may at
      any time, subject to Board authorization, if indicated, offer to
      repurchase a Stock Option previously granted, based upon such terms and
      conditions, as the Committee shall establish and communicate to the Holder
      at the time that such offer is made.

7.      Stock
Appreciation Rights. 

	 	7.1 	
      Grant and Exercise. The Committee, subject to Board
      authorization, if indicated, may grant Stock Appreciation Rights to
      participants who have been, or are being granted, Stock Options under the
      Plan as a means of allowing such participants to exercise their Stock
      Options without the need to pay the exercise price in cash. A Stock
      Appreciation Right may be granted either at or after the time of the grant
      of such Stock Option.

	 	 	 
	 	7.2 	
      Terms and Conditions. Stock Appreciation Rights shall be
      subject to the following terms and conditions:

	 	 	 
	 	(a) 	
      Exercisability. Stock Appreciation Rights shall be
      exercisable as shall be determined by the Committee and set forth in the
      Agreement.

	 	 	 
	 	(b) 	
      Termination. A Stock Appreciation Right shall terminate
      and shall no longer be exercisable upon the termination or exercise of the
      related Stock Option.

	 	 	 
	 	(c) 	
      Method of Exercise. Stock Appreciation Rights shall be
      exercisable upon such terms and conditions as shall be determined by the
      Committee and set forth in the Agreement and by surrendering the
      applicable portion of the related Stock Option. Upon such exercise and
      surrender, the Holder shall be entitled to receive a number of shares of
      Common Stock equal to the SAR Value divide by the Fair Market Value on the
      date the Stock Appreciation Right is exercised.

	 	 	 
	 	(d) 	
      Shares Affected by the Plan. The granting of a Stock
      Appreciation Right shall not affect the number of shares of Common Stock
      available for Awards under the Plan. The number of shares available for
      Awards under the Plan however, may be reduced by the number of shares of
      Common Stock acquirable upon exercise of the Stock Option to which such
      Stock Appreciation Right relates.

7 

8.     
Restricted Stock. 

	 	8.1 	
      Grant. Shares of Restricted Stock may be awarded either
      alone or in addition to other Awards granted under the Plan. The
      Committee, subject to Board authorization, if indicated, shall determine
      the eligible persons to whom, and the time or times at which, grants of
      Restricted Stock will be awarded, the number of shares to be awarded, the
      price (if any) to be paid by the Holder, the time or times within which
      such Awards may be subject to forfeiture “Restriction Period”), the
      vesting schedule and rights to acceleration thereof, and all other terms
      and conditions of the Awards.

	 	 	 
	 	8.2 	
      Terms and Conditions. Each Restricted Stock Award shall
      be subject to the following terms and
conditions:

	 	(a) 	
      Certificates. Restricted Stock, when issued, will be
      represented by a stock certificate or certificates registered in the name
      of the Holder to whom such Restricted Stock shall have been awarded.
      During the Restriction Period, certificates representing the Restricted
      Stock and any securities constituting Retained Distributions (as defined
      below) shall bear a legend to the effect that ownership of the Restricted
      Stock (and such Retained Distributions), and the enjoyment of all rights
      appurtenant thereto, are subject to the restrictions, terms and conditions
      provided in the Plan and the Agreement. Such certificates shall be
      deposited by the Holder with the Company, together with stock powers or
      other instruments of assignment, each endorsed in blank, which will permit
      transfer to the Company of all or any portion of the Restricted Stock and
      any securities constituting Retained Distributions that shall be forfeited
      or that shall not become vested in accordance with the Plan and the
      Agreement.

	 	 	 
	 	(b) 	
      Rights of Holder. Restricted Stock shall constitute
      issued and outstanding shares of Common Stock for all corporate purposes.
      The Holder will have the right to vote such Restricted Stock, to receive
      and retain all regular cash dividends and other cash equivalent
      distributions as the Board may in its sole discretion designate, pay or
      distribute on such Restricted Stock, with the exceptions that (i) the
      Holder will not be entitled to delivery of the stock certificate or
      certificates representing such Restricted Stock until the Restriction
      Period shall have expired and unless all other vesting requirements with
      respect thereto shall have been fulfilled; (ii) the Company will retain
      custody of the stock certificate or certificates representing the
      Restricted Stock during the Restriction Period; (iii) other than regular
      cash dividends and other cash equivalent distributions as the Board may in
      its sole discretion designate, pay or distribute, the Company will retain
      custody of all distributions (“Retained Distributions”) made or declare
      with respect to the Restricted Stock (and such Retained Distributions will
      be subject to the same restrictions, terms and conditions as are
      applicable to the Restricted Stock) until such time, if ever, as the
      Restricted Stock with respect to which such Retained Distributions shall
      have been made, paid or declared shall have become vested and with respect
      to which the Restriction Period shall have expired; (iv) a breach of any
      of the restrictions, terms or conditions contained in this Plan or
    the Agreement or otherwise established by the Committee with
      respect to any Restricted Stock or Retained Distributions will cause a
      forfeiture of such Restricted Stock and any Retained Distributions with
    respect thereto.

8 

	 	(c) 	
      Vesting; Forfeiture. Upon the expiration of the
      Restriction Period with respect to each Award of Restricted Stock and the
      satisfaction of any other applicable restrictions, terms and conditions
      (i) all or part of such Restricted Stock shall become vested in accordance
      with the terms of the Agreement, subject to Section 10 below, and (ii) any
      Retained Distributions with respect to such Restricted Stock shall become
      vested to the extent that the Restricted Stock related thereto shall have
      become vested, subject to Section 10 below. Any such Restricted Stock and
      Retained Distributions that do not vest shall be forfeited to the Company
      and the Holder shall not thereafter have any rights with respect to such
      Restricted Stock and Retained Distributions that shall have been so
      forfeited.

	9. 	
      Other Stock-Based Awards.

	 	 	 
		
      Other-Stock Based Awards may be awarded, subject to
      limitations under applicable law, that are denominated or payable in,
      valued in whole or in part by reference to, or otherwise based on, or
      related to, shares of Common Stock, as deemed by the Committee to be
      consistent with the purposes of the Plan, including without limitation,
      purchase rights, shares of Common Stock awarded which are not subject to
      any restrictions or conditions, or other rights convertible into shares of
      Common Stock and Awards valued by reference to the value of securities of
      or the performance of specified Subsidiaries. Other Stock-Based Awards may
      be awarded either alone or in addition to or in tandem with any other
      Awards under this Plan or any other plan of the Company. Each other
      Stock-Based Award shall be subject to such terms and conditions as may be
      determined by the Committee.

	 	 
	10. 	Accelerated Vesting and
  Exercisability.
	 	 
		
      10.1. Non Approved Transactions. If any “person” (as such
      term is used in Section 13(d) and 14(d) of the Exchange Act) is or becomes
      the “beneficial owner” (as referred to in Rule 13-d3 under the Exchange
      Act), directly or indirectly, of securities of the Company representing
      30% or more of the combined voting power of the Company’s then outstanding
      securities in one or more transactions, and the Board does not authorize
      or otherwise approve such acquisition, then the vesting periods of an and
      all Stock Options and other Awards granted and outstanding under the Plan
      shall be accelerated and all such Stock Options and Awards will
      immediately and entirely vest, and the respective holders thereof will
      have the immediate right to purchase and/or receive any and all Common
      Stock subject to such Stock Options and Awards on the terms set forth in
      this Plan and the respective agreements respecting such Stock Options and
      Awards.

	 	
       

		
      10.2. Approved Transactions. The Committee may, subject
      to Board authorization, if indicated, in the event of an acquisition of
      substantially all of the Company’s assets or at least 50% of the combined
      voting power of the Company’s then outstanding securities in one or more
      transactions (including by way of merger or reorganization) which has been
      approved by the Company’s Board of Directors, (i) accelerate the vesting
      of any and all Stock Options and other Awards granted and outstanding
      under the Plan, and (ii) require a Holder of any Award granted under this
Plan to relinquish such Award to the Company upon the tender by the Company to
Holder of cash in an amount equal to the Repurchase Value of such Award. 

9 

11.    Amendment and
Termination. 

The Board may at any time, and from time to time, amend, alter,
suspend or discontinue any of the provisions of the Plan, but no amendment,
alteration, suspension or discontinuance shall be made that would impair the
rights of a Holder under any Agreement theretofore entered into hereunder,
without the Holder’s consent. 

12.    Term of Plan. 

The Plan shall become effective at such time as the Plan is
approved and adopted by the Company’s Board of Directors (the “Effective Date”).
Unless otherwise terminated by the Board, this Plan shall continue to remain
effective until the earlier of ten (10) years from the Effective Date or such
time as no further Awards may be granted and all Awards granted under the Plan
are no longer outstanding. 

13.    General Provisions.

	 	13.1 	
      Written Agreements. Each Award granted under the Plan
      shall be confirmed by, and shall be subject to, the terms of the Agreement
      executed by the Company and the Holder. The Committee may terminate any
      Award made under the Plan if the Agreement relating thereto is not
      executed an returned to the Company within 10 days after the Agreement has
      been delivered to the Holder for his or her execution.

	 	 	 
	 	13.2 	
      Unfunded Status of Plan. The Plan is intended to
      constitute an “unfunded” plan for incentive and deferred compensation.
      Unless otherwise determined by the Board, the Plan shall be unfunded and
      shall not create (or be construed to create) a trust or a separate fund or
      funds. The Plan shall not establish any fiduciary relationship between the
      Company and any participant or other person. To the extent any person
      holds any rights by virtue of an award granted under the Plan, such rights
      (unless otherwise determined by the Board) shall be no greater than the
      rights of an unsecured general creditor of the Company.

	 	 	 
	 	13.3 	
      Employees.

	 	(a) 	
      Engaging in Competition with the Company; Disclosure of
      Confidential

	 	 	 
	 		
      Information. If a Holder’s employment with the Company or
      a Subsidiary is terminated for any reasons whatsoever and within three
      months after the date thereof such Holder either (i) accepts employment
      with any competitor of, or otherwise engages in competition with, the
      Company or (ii) discloses to anyone outside the Company or uses any
      confidential information or material of the Company in violation of the
      Company’s policies or any agreement between the Holder and the Company,
      the Committee, in its sole discretion, may require such Holder to return
      to the Company the economic value of any Award that was realized or
      obtained by such Holder at any time during the period beginning on that date that is six
      months prior to the date such Holder’s employment with the Company is
  terminated.

10 

	 	(b) 	
      Termination for Cause. If a Holder’s employment with the
      Company or a Subsidiary is terminated for cause, subsequent to the
      grant of any Award under this Plan to such employee, the Committee, in its
      sole discretion, may require such Holder to return to the Company the
      economic value of any Award that was realized or obtained by such Holder
      at any time following the grant date of such Award.

	 	 	 
	 	(c) 	
      Nor Right of Employment. Nothing contained in the Plan or
      in any Award hereunder shall be deemed to confer upon any Holder who is an
      employee of the Company or any Subsidiary any right to continued
      employment with the Company or any Subsidiary, nor shall it interfere in
      any way with the right of the Company or any Subsidiary to terminate the
      employment of any Holder who is an employee at any
time.

	 	13.4 	
      Investment Representations; Company Policy. The Committee
      may require each person acquiring shares of Common Stock pursuant to a
      Stock Option or other Award under the Plan to represent to and agree with
      the Company in writing that the Holder is acquiring the shares for
      investment without a view to distribution thereof. Each person acquiring
      shares of Common Stock pursuant to a Stock Option or other Award under the
      Plan shall be required to abide by all policies of the Company in effect
      at the time of such acquisition and thereafter with respect to the
      ownership and trading of the Company’s securities.

	 	 	 
	 	13.5 	
      Additional Incentive Arrangements. Nothing contained in
      the Plan shall prevent the Board from adopting such other or additional
      incentive arrangement as it may deem desirable, including, but not limited
      to, the granting of Stock Options and the Awarding of Common Stock and
      cash otherwise than under the Plan, and such arrangements may be either
      generally applicable or applicable only in specific cases.

	 	 	 
	 	13.6 	
      Withholding Taxes. No later than the date as of which an
      amount must first be included in the gross income of the Holder for
      Federal income tax purposes with respect to any option or other Award
      under the Plan, the Holder shall pay to the Company, or make arrangements
      satisfactory to the Committee regarding the payment of any Federal, state
      and local taxes of any kind required by law to be withheld or paid with
      respect to such amount. If permitted by the Committee, tax withholding or
      payment obligations may be settled with Common Stock, including Common
      Stock that is part of the Award that gives rise to the withholding
      requirement. The obligations of the Company under the Plan shall be
      conditioned upon such payment or arrangements and the Company or the
      Holder’s employer (if not the Company) shall, to the extent permitted by
      law, have the right to deduct any such taxes from any payment of any kind
      otherwise due to the Holder from the Company or any Subsidiary.

	 	 	 
	 	13.7 	
      Governing Law. The Plan and all Awards made and actions
      taken thereunder shall be governed by and construed in accordance with the
      laws of the State of Nevada.

11 

	 	13.8 	
      Other Benefit Plans. Any Award granted under the Plan
      shall not be deemed compensation for purposes of computing benefits under
      any retirement plan of the Company or any Subsidiary and shall not affect
      any benefits under any other benefit plan now or subsequently in effect
      under which the availability or amount of benefits is related to the level
      of compensation (unless required by specific reference in any such other
      plan to Awards under this Plan).

	 	 	 
	 	13.9 	
      Non-Transferability. Except as otherwise expressly
      provided in the Plan or the Agreement, no right, benefit under the Plan
      may be alienated, sold, assigned, hypothecated, pledged, exchanged,
      transferred, encumbered or charged, and any attempt to alienate, sell,
      assign, hypothecate, pledge, exchange, transfer, encumber or charge the
      same shall be void.

	 	 	 
	 	13.10 	
      Applicable Laws. The obligations of the Company with
      respect to all Stock Options and Awards under the Plan shall be subject to
      (i) all applicable laws, rules and regulations and such approvals by any
      governmental agencies as may be required, including, without limitation,
      the Securities Act of 1933, as amended, and (ii) the rules and regulations
      of any securities exchange of which the Common Stock may then be
      listed.

	 	 	 
	 	13.11 	
      Conflicts. If any of the terms or provisions of any
      Agreement conflict with any terms or provisions of the Plan, then such
      terms or provisions shall be deemed inoperative to the extent they so
      conflict with the requirements of the Plan. Additionally, if any Agreement
      does not contain any provision required to be included therein under the
      Plan, such provision shall be deemed to be incorporated with the same
      force and effect as if such provision had been set out at length
      therein.

	 	 	 
	 	13.12 	
      Use of Proceeds. The cash proceeds received by the
      Company from the issuance of shares pursuant to awards under the Plan
      shall constitute general funds of the Company.

	 	 	 
	 	13.13 	
      Future Rights. No person shall have any claim or rights
      to be granted an award under the Plan and no participant shall have any
      rights under the Plan to be retained in the employ of the
  Company.

	 	 	 
	 	13.14 	
      Successors and Assigns. The Plan shall be binding on all
      successors and assigns of a participant including, without limitation, the
      estate of such participant and the executor, administrator or trustee of
      such estate, or any receiver or trustee in bankruptcy or representative of
      the participant’s creditors.

12

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