Document:

Xiangtian (USA) Air Power Co., LTD: Exhibit 10.1 - Filed by newsfilecorp.com

CFO Employment Agreement 

Party A (Employer): Xiangtian (USA)
Air Power Co. Ltd. 
Legal Representative: Zhou Deng Hua

Address: No. 6 Longda Road Yanjiao Development Zone 
Sanhe City, Hebei
Province, China 065201 

Party B (Employee): CHIU Kam Shing
Paul
Flat 22E Peaceful Mansion, Discovery Bay, Hong Kong. 

Through amiable negotiation,
Party A and Party B reach the following agreement, under the Laws
and regulations of the People’s Republic of China and other
relevant laws , specifying that Party A will employ Party B as the Chief
Financial Officer (CFO) of Xiangtian (USA) Air Power Co. Ltd. and its
subsidiaries, including but not limited to Sanhe City Lucksky Electrical
Engineering Co., Ltd. In consideration of the mutual covenants and
agreements hereinafter set forth, the parties hereto agree as follows:

I.    
Position 

To assist Party A in meeting its
listed company reporting requirements and further development, Party B is
employed as CFO of Party A.

II.   
Remuneration and Welfare

(i) Party A adopts a fixed salary
system for this position. Within the term of the Employment Agreement, Party A
shall pay Party B RMB 66,000/month at regular intervals and, at the discretion
of the Board of Directors, grant Party B year-end bonus and other
welfares by referring to both the company and personal performances.

(ii) Party A shall reimburse
  Party B the traffic, accommodation and other expenses in the performance of
  Party B's duties upon presentation of receipts in accordance with the policies
of Party A.

(ii) Party B is entitled to enjoy
all the holidays precribed by national laws.

III.   Work Time 

(i) Party B is not required to
work in the office of Party A for a fixed time every day, but is required to
work in the office at least five business days per month.

(ii) Party B may be asked to
extend resonable amount of work time due to the special work needs.

(iii) Provided that there are
other circumstances prescribed by laws and administrative regulations regarding
the extension of work time, it supersedes the provisions of the preceding
paragraph.

IV.    Term of
Contract 

The term of employment is one
year starting from January 1st, 2017 to December 31st,
2017.

V.   
Responsibilities 

Within the valid term of this
contract, in accordance with this Contract and relevant policiesof Party A,
Party B shall perform its responsibilities as follows: 

(i) Analysis and forecast of the
project costs and future profitability of Party A; 

(ii) Organize Party A to conduct
financial management, cost management, budget management, financial accounting,
financial control, audit supervision, inventory control, setting up and
supervision of internal control systems, etc., aiming at enhancing the company's financial management and improving its economic
benefits; 

(iii) Participate in preparing
  the annual budget and adjust the seasonal budgets, collect and verify the
  monthly budgets submitted by various departments, convene and preside over the
cost and benefits analysis meetings of the monthly budgets of Party A; 

(iv) Be responsible for setting
up and implementing critical internal audit and internal control activities;

(v) Updatethe Company's financial
conditions, operation results and fund changes, and report the work to the board
and the general manager on a timely basis; 

(vi) Preside over the preparation
of the rules, policies and work procedures concerning financial management,
financial accounting, accounting supervision, budget management, audit
supervision and inventory management, setting up the implementation of such
rules, policies and work procedures, and supervision of the performance; 

(vii) Organize and set up
procedures to comply with relevant financial and economic laws, regulations,
guidelines, policies and systems, executive the requisite adjustments on the
Chinese and American financial statements, ensure the lawful operation of the
company and protect theinterest of shareholders; 

(viii) Ensure proper procedures
are complied with for the cash withdrawals from banks under relevant
regulations; 

(ix) Be responsible for verifying
and signing the Company budgets, financial income and expense plans, cost plans,
credit programs, financial reports, final accounting statements, significant
business plans involving income and expenses, and counter signing contracts and
agreements of significant amounts; 

(x) Participate in the decision
making and planning of the Company financing, investment, significant economic
activities and in the study and examination of major contracts or agreements,
and in the analysis and decision making of significant financial matters; 

(xi) Ensure proper procedures in
carrying out various administrative functions within the financial system so as
to improve the work efficiency and enhance the team work;

(xii) Set up proper procedures
for the custody and regular filing of the documents, materials and recordings of
the financial system; 

(xiii) Ensure proper procedures
for preserving confidentiality; (xiv) Represent the Company to promote good
business relationships with related outside departments and entities; 

(xv) Unify a plan for the use of
Company’s cash flow; 

(xvi) Assist in preparation of
and ensure compliance of Party A’s financial statements in accordance with the
securities laws of the United States, participate in the preparation of filings
in compliance with such laws and provide such certifications to these filings as
may be required by such laws; (xvii). Ensure preparation and filing of Party A’s
tax returns. 

VI. Labor Protection and
Conditions 

(i)(i) Party A shall provide
Party B with with labor safety, hygienic conditions and necessary labor
protection products in accordance with national regulations. Party B may refuse
to carry out instruction from Party A’s management which is illegal, reckless
and dangerous; Party B has the right to criticize, report, and accuse the Party
A’s action which isharmful to Party B’s personal health and safety. 

VII. Obligations and Rights of
Parties 

(i) Rights and obligations of
Party A: 

Within the term of contract,
Party A has the following rights: 

	 	1. 	
      Arrange financial-related work, allocate specific tasks,
      based on the actual needs of Part A’s daily business.

	 	 	 
	 	2. 	
      Supervise and inspect the work of Party B;

	 	 	 
	 	3. 	
      Award Party B when Party B has made outstanding progress
      or significant contributions to Party A; punish Party B or terminate this
      agreement when Party B violates Party A’s
policies.

(ii) Obligations of Party A:

1. Pay salary to Party B in time
and in full; 

2. Grant Party B reasonable
welfares as regulated; 

3. Provide necessary work
condition for Party B;

4. Maintain Party B’s lawful
rights and interests in the performance of Party B's duties .

(iii) Rights and obligations of
Party B:

Within the term of contract,
Party B has the following rights: ..

1. Get paid as regulated;

2. Put forward plans and
suggestions on the financial management of Party A.

(iv) Obligations of Party B:

1. Perform the duties for CFO by
law and finish the tasks arranged by Party A in a timely manner 

2. Comply with all rules,
directives and policies of Party A; 33. Keep confidential of all documents,
materials, infomation and other business secret of Party A that Party B
obatinsand never disclose such information to others; 

4. Shall not work as a personnel,
consultant or a part-time employee at any entity other than Party A in the name
of himself/herself, or engage in any business that conflicts with the interests
of Party A. Notwithstanding the foregoing, Party B is permitted to serve as an
independent director for another public company so long as the company does not
engage in any business that is in competition with Party A, and so long as Party
B’s services to that company do not interfere with his duties to the Party A.

4. Complete the tasks arranged by
Party A in time;

5. Actively follow the job
transfer arrangment by superiors; 

6. Protect the property of Party
A; 

7. Comply with relevant national
and local policies.

VIII. Change and Termination of
the Agreement 

(i) In case of any necessary
change to the Contract for other factors, both parties shall negotiate with each
other to change the Employment Agreement. The new contract or provisions will
come into effect with the official stamp or signature of both parties; 

(ii) In case of any of the
following situations, Party A is entitled to terminate this Employment Agreement
unilaterally at any time; 

1. Party B fails to finish
various tasks under this Agreement in time and effectively; 

2. Party B is unable to be t
contacted for a long time (over three days) or postpones his or her duties with
no proper reason; 

3. Party B violates the work
stipulation or the operation rules, causing accident or acts in dereliction of
duty casusing severe consequences; 

4. Party B disturbs the work
order severely causing Party A and other organizations unable to engage in
normal business; 

5. Party B is sentenced to a
fixed-term imprisonment or above penalties, or taken into custody, or forced to
receive reeducation through labor. 

(iii) In case of any following
situations, Party A is entitled to terminate this Employment Agreement with
written notice to Party B at least thirty days in advance: 

1. Party B is sick or suffered
from a non work-related injury, and unable to undertake the previous work and
other work arranged by Party A after the completion of medical treatment; 

2. Party B is incompetent for the
position of CFO or fails to follow the directive of the Board of Directors or
Chief Executive Officer of Party A.

3. In case of significant changes
to the objective factors on which this Agreement was based for conclusion
causing this Agreement unable to continue, and after amiable negotiation, both
parties fail to reach a consensus for an amendment to this Agreement. 

(iv) Party A is entitled to
terminate this Agreement without any reason with written notice to Party B at
least 60 days in advance;

(v) In case of any following
situations, Party B is entitled to inform Party A at any time to terminate this
Agreement: 

1. Party A fails to pay Party B
salary or provide the labor condition under this Agreement; 

2. Party A forces Party B to work
through violence, threats or illegal restriction of his or her personal freedom;

3. Other situations prescribed by
law or regulations.

(vi) In case of any following
situations, this Employment Agreement will be terminated automatically: 

1. Party A declares bankruptcy by
law; 

2. Party A is dissolved or
revoked by law; 

3. Party B is dead; 

4. In case Party B terminates
this Employment Agreement, he or she shall inform Party A in written form at
least thirty days in advance.

(vii) Immediately upon the
request of Party A after the termination of this Employment Agreement, Party B
shall immediately surrender various relevant documents, materials and financial
documents, , start the business handover procedures, and stop performing his or
her CFO duties.

IX. Liability for Breach of the
Agreement 

(i) Legal liability of Party
A:

In case Party A deducts or delays
the salary to Party B, besides making up the salary in full within regulated
time, Party A shall pay Party B an extra 25% of his or her past due salary as
economic compensation.

(ii) Legal liability of Party
B:

In case Party B terminates this
Employment Agreement against the provisions herein, Party B shall make
compensation for Party A for its losses as follows: 

1. The expenses for hiring Party
B; 

2. The training expenses that
Party A paid;

3. Direct economic losses caused
to the production, operation or work.

X. Annex 

(i) All special agreements,
amendments to this Employment Agreement and rules and policies of Party A agreed
by both parties are attachments to this Agreement with equal force.

(ii) Any amendment, extension or
termination of this Agreement shall follow the Laws of the People’s Republic of
China; 

(iii) For any labor dispute
occurred in the process of agreement performance, both parties shall negotiate
with each other for solutions. In case the negotiation fails, either party is
entitled to apply to the Party A’s Labor Dispute ediation committee for
mediation or to the Labor Dispute Arbitration Committee of Party A’s place for
arbitration. In case of no objection to the arbitration award, both parties
shall follow it. Otherwise, either party is entitled to apply to the People’s
Court for setting aside the award.

(iv) In case of any
unaccomplished issues, the national or local provincial laws, rules and
regulations as well as the policies that Party A in accordance to the law shall
apply; 

This Agreement is made in both
Chinese and English versions, in case of any difference between the Chinese
version and the English version, the Chinese version shall apply.

(v) This Agreement will come into
effect from the date of signature by both parties. It is made in duplicates with
each party holding one copy.

Party A (employer): 
Legal
Representative: 
Address: 

Party B (employee):Xiangtian (USA) Air Power Co., LTD: Exhibit 10.2 - Filed by newsfilecorp.com

XIANGTIAN (USA) AIR POWER CO., LTD. 
2017 STOCK
INCENTIVE PLAN 

	1. 	
      Purpose

The Xiangtian (USA) Air Power Co., Ltd. 2017 Stock Incentive
Plan is intended to promote the best interests of Xiangtian (USA) Air Power Co.,
Ltd. (the “Corporation”) and its stockholders by (i) assisting the Corporation
and its Affiliates in the recruitment and retention of persons with ability and
initiative, (ii) providing an incentive to such persons to contribute to the
growth and success of the Corporation's businesses by affording such persons
equity participation in the Corporation and (iii) associating the interests of
such persons with those of the Corporation and its Affiliates and stockholders.

	2. 	
      Definitions

As used in this Plan the following definitions shall apply:

A.     “Affiliate” means (i) any
Subsidiary, (ii) any Parent, (iii) any corporation, or trade or business
(including, without limitation, a partnership, limited liability company or
other entity) which is directly or indirectly controlled fifty percent (50%) or
more (whether by ownership of stock, assets or an equivalent ownership interest
or voting interest) by the Corporation or one of its Affiliates, and (iv) any
other entity in which the Corporation or any of its Affiliates has a material
equity interest and which is designated as an "Affiliate" by resolution of the
Committee. 

B.     “Award” means any Option or
Stock Award granted hereunder. 

C.     “Board” means the Board of
Directors of the Corporation. 

D.     “Cause” means: (i) conduct
involving a felony criminal offense under U. S. federal or state law or an
equivalent violation of the laws of any other country; (ii) dishonesty, fraud,
self-dealing or material violations of civil law in the course of fulfilling the
Participant's employment or other assigned duties on behalf of the Corporation;
(iii) breach of any confidentiality, employment, or other written agreement with
the Corporation; or (iv) willful misconduct injurious to the Corporation or any
of its Subsidiaries or Affiliates as shall be determined by the Committee. 

E.     A “Change in Control” shall
mean the occurrence during the term of the Plan of any “person” (as such term is
used in Section 13(c) and 14(d) of the Exchange Act), other than a trustee or
other fiduciary holding securities under an employee benefit plan of the
Corporation or a corporation owned directly or indirectly by the stockholders of
the Corporation, becoming the “ beneficial owner” (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company
representing 50% or more of the total voting power represented by the
Corporation’s then outstanding voting securities. 

F.     “Code” means the Internal
Revenue Code of 1986, and any amendments thereto. 

G.     “Committee” means the Board
or any Committee of the Board to which the Board has delegated any
responsibility for the implementation, interpretation or administration of this
Plan. As of the date of the Plan, the Board has initially delegated
responsibility for the administration of the Plan to the Corporation's
Compensation Committee. 

H.     “Common Stock” means the
common stock, $0.01 par value, of the Corporation. 

I.     “Consultant” means (i) any
person performing consulting or advisory services for the Corporation or any
Affiliate, or (ii) a director of an Affiliate. 

J.     “Corporation” means Xiangtian
(USA) Air Power Co., Ltd., a Nevada corporation. 

K.     “Corporation Law” means the
Nevada Revised Statutes Chapter 78. 

L.     “Deferral Period” means the
period of time during which Deferred Shares are subject to deferral limitations
under Section 7.D of this Plan. 

M.     “Deferred Shares” means an
award pursuant to Section 7.D of this Plan of the right to receive shares of
Common Stock at the end of a specified Deferral Period. 

N.     “Director” means a member of
the Board. 

O.     “Eligible Person” means an
employee of the Corporation or an Affiliate (including a corporation that
becomes an Affiliate after the adoption of this Plan), a Director or a
Consultant to the Corporation or an Affiliate (including a corporation that
becomes an Affiliate after the adoption of this Plan). 

P.“     “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 

Q.     “Fair Market Value” means, on
any given date, the current fair market value of the shares of Common Stock as
determined as follows: 

(i)     If the
Common Stock is traded on a national securities exchange, the closing price for
the day of determination as quoted on such market or exchange, including the
NASDAQ Global Market or NASDAQ Capital Market, or the OTC Bulletin Board,
whichever is the primary market or exchange for trading of the Common Stock or
if no trading occurs on such date, the last day on which trading occurred, or
such other appropriate date as determined by the Committee in its discretion, as
reported in The Wall Street Journal or such other source as the Committee
deems reliable; 

(ii)    If the Common
Stock is regularly quoted by a recognized securities dealer but selling prices
are not reported, its Fair Market Value shall be the mean between the high and
the low asked prices for the Common Stock for the day of determination; or 

(iii)   In the absence of an
established market for the Common Stock, Fair Market Value shall be determined
by the Committee in good faith. 

R.     “Incentive Stock Option”
means an Option (or portion thereof) intended to qualify for special tax
treatment under Section 422 of the Code. 

S.     “Nonqualified Stock Option”
means an Option (or portion thereof) which is not intended or does not for any
reason qualify as an Incentive Stock Option. 

T.     “Option” means any option to
purchase shares of Common Stock granted under this Plan. 

U.     “Parent” means any
corporation (other than the Corporation) in an unbroken chain of corporations
ending with the Corporation if each of the corporations (other than the
Corporation) owns stock possessing at least fifty percent (50%) of the total
combined voting power of all classes of stock in one of the other corporations
in such chain. 

V.     “Participant” means an
Eligible Person who (i) is selected by the Committee or an authorized officer of
the Corporation to receive an Award and (ii) is party to an agreement setting
forth the terms of the Award, as appropriate. 

W.     “Performance Agreement” means
an agreement described in Section 8 of this Plan. 

X.     “Performance
Objectives” means the Performance objectives established pursuant to this
Plan for Participants who have received grants of Performance Shares or, when so
determined by the Committee, Stock Awards. Performance Objectives may be
described in terms of Corporation-wide objectives or objectives that are related
to the Performance of the individual Participant or the Affiliate, subsidiary,
division, department or function within the Corporation or Affiliate in which
the Participant is employed or has responsibility. Any Performance Objectives
applicable to Awards to the extent that such an Award is intended to qualify as
"Performance-based compensation" under Section 162(m) of the Code shall be
limited to specified levels of or increases in the Corporation's or a business
unit's return on equity, earnings per share, total earnings, earnings growth,
return on capital, return on assets, economic value added, earnings before
interest and taxes, earnings before interest, taxes, depreciation and
amortization, sales growth, gross margin return on investment, increase in the
Fair Market Value of the shares, share price (including but not limited to
growth measures and total stockholder return), net operating profit, cash flow
(including, but not limited to, operating cash flow and free cash flow), cash
flow return on investments (which equals net cash flow divided by total
capital), internal rate of return, increase in net present value or expense
targets. The Awards intended to qualify as "Performance Based Compensation"
under Section 162(m) of the Code shall be pre-established in accordance with
applicable regulations under Section l 62(m) of the Code and the determination
of attainment of such goals shall be made by the Committee. If the Committee
determines that a change in the business, operations, corporate structure or
capital structure of the Corporation (including an event described in Section
9), or the manner in which it conducts is business, or other events or
circumstances render the Performance Objectives unsuitable, the Committee may
modify such Performance Objectives or the related minimum acceptable level of
achievement, in whole or in part, as the Committee deems appropriate and
equitable; provided, however, that no such modification shall be made to an
Award intended to qualify as performance-based compensation under Section 162(m)
of the Code unless the Committee determines that such modification will not
result in loss of such qualification or the Committee determines that loss of
such qualification is in the best interests of the Corporation. 

Y.     “Performance Period” means a
period of time established under Section 8 of this Plan within which the
Performance Objectives relating to a Performance Share or Stock Award are to be
achieved. 

Z.     “Performance Share” means a
bookkeeping entry that records the equivalent of one share of Common Stock
awarded pursuant to Section 8 of this Plan. 

AA.    “Plan” means this Xiangtian (USA)
Air Power Co., Ltd. 2017 Stock Incentive Plan. 

BB.    “Repricing” means, other than in
connection with an event described in Section 9 of this Plan, (i) lowering the
exercise price of an Option or Stock Appreciation Right after it has been
granted or (ii) canceling an Option or Stock Appreciation Right at a time when
the exercise price exceeds the then Fair Market Value of the Common Stock in
exchange for another Option or Stock Award. 

CC.    “Restricted Stock Award” means an
award of Common Stock under Section 7.B.

DD.    “Securities Act” means the
Securities Act of 1933, as amended. 

EE.    “Stock Award” means a Stock Bonus
Award, Restricted Stock Award, Stock Appreciation Right, Deferred Shares, or
Performance Shares. 

FF.    “Stock Bonus Award” means an award
of Common Stock under Section 7.A. 

GG.    “Stock Appreciation Right” means
an award of a right of the Participant under Section 7.C to receive a payment in
cash or shares of Common Stock (or a combination thereof) based on the increase
in Fair Market Value of the shares of Common Stock covered by the award between
the date of grant of such award and the Fair Market Value of the Common Stock on
the date of exercise of such Stock Appreciation Right. 

HH.    “Stock Award Agreement” means an
agreement (written or electronic) between the Corporation and a Participant
setting forth the specific terms and conditions of a Stock Award granted to the
Participant under Section 7. Each Stock Award Agreement shall be subject to the
terms and conditions of this Plan and shall include such terms and conditions as
the Committee shall authorize. 

II.     “Stock Option Agreement”
means an agreement (written or electronic) between the Corporation and a
Participant setting forth the specific terms and conditions of an Option granted
to the Participant. Each Stock Option Agreement shall be subject to
the terms and conditions of this Plan and shall include such terms and
conditions as the Committee shall authorize. 

JJ.     “Subsidiary” means any
corporation (other than the Corporation) in an unbroken chain of corporations
beginning with the Corporation if each of the corporations (other than the last
corporation in the unbroken chain) owns stock possessing at least fifty percent
(50%) of the total combined voting power of all classes of stock in one of the
other corporations in such chain. 

KK.    “Ten Percent Owner” means any
Eligible Person owning at the time an Option is granted more than ten percent
(10%) of the total combined voting power of all classes of stock of the
Corporation or of a Parent or Subsidiary. An individual shall, in accordance
with Section 424(d) of the Code, be considered to own any voting stock owned
(directly or indirectly) by or for such Eligible Person's brothers, sisters,
spouse, ancestors and lineal descendants and any voting stock owned (directly or
indirectly) by or for a corporation, partnership, estate or trust shall be
considered as being owned proportionately by or for its stockholders, partners,
or beneficiaries. 

	3. 	
      Administration

A.     Delegation to Board
Committee. The Board shall be the sole Committee of this Plan unless the
Board delegates all or any portion of its authority to administer this Plan to a
Committee. To the extent not prohibited by the charter or bylaws of the
Corporation, the Board may delegate all or a portion of its authority to
administer this Plan to a Committee of the Board appointed by the Board and
constituted in compliance with the applicable Corporation Law. The Committee
shall consist solely of two (2) or more Directors who are (i) Non-Employee
Directors (within the meaning of Rule 16b-3 under the Exchange Act) for purposes
of exercising administrative authority with respect to Awards granted to
Eligible Persons who are subject to Section 16 of the Exchange Act; (ii) to the
extent required by the rules of the market on which the Corporation's shares are
traded or the exchange on which the Corporation' shares are listed,
"independent" within the meaning of such rules; and (iii) at such times as an
Award under this Plan by the Corporation is subject to Section 162(m) of the
Code (to the extent relief from the limitation of Section 162(m) of the Code is
sought with respect to Awards and administration of the Awards by a committee of
"outside directors" is required to receive such relief) "outside directors"
within the meaning of Section l 62(m) of the Code. 

B.     Delegation to Officers. The
Committee may delegate to one or more officers of the Corporation the authority
to grant and administer Awards to Eligible Persons who are not Directors or
executive officers of the Corporation; provided that the Committee shall have
fixed the total number of shares of Common Stock that may be subject to such
Awards. No officer holding such a delegation is authorized to grant Awards to
himself or herself. In addition to the Committee, the officer or officers to
whom the Committee has delegated the authority to grant and administer Awards
shall have all powers delegated to the Committee with respect to such Awards.
Such delegation shall be subject to the limitations of Section 78.200 (3) (or
any successor provision) of the Corporation Law. 

C.     Powers of the Committee.
Subject to the provisions of this Plan, and in the case of a Committee appointed
by the Board, the specific duties delegated to such Committee, the Committee
(and the officers to whom the Committee has delegated such authority) shall have
the authority: 

(i)     To construe
and interpret all provisions of this Plan and all Stock Option Agreements, Stock
Award Agreements and Performance Agreements under this Plan. 

(ii)    To determine the
Fair Market Value of Common Stock. 

(iii)   To select the
Eligible Persons to whom Awards are granted from time to time hereunder. 

(iv)   To determine the
number of shares of Common Stock covered by an Award; to determine whether an
Option shall be an Incentive Stock Option or Nonqualified Stock Option; and to
determine such other terms and conditions, not inconsistent with the terms of
this Plan, of each such Award. Such terms and conditions include, but are not
limited to, the exercise price of an Option, purchase price of Common Stock
subject to a Stock Award, the time or times when Options or Stock Awards may be
exercised or Common Stock issued thereunder, the right of the Corporation to
repurchase Common Stock issued pursuant to the exercise of an Option or a Stock
Award and other restrictions or limitations (in addition to those contained in
this Plan) on the forfeitability or transferability of Options, Stock Awards or
Common Stock issued upon exercise of an Option or pursuant to an Award. Such
terms may include conditions which shall be determined by the Committee and need
not be uniform with respect to Participants. 

(v)     To
accelerate the time at which any Option or Stock Award may be exercised, or the
time at which a Stock Award or Common Stock issued under this Plan may become
transferable or non- forfeitable. 

(vi)    To determine
whether and under what circumstances an Option may be settled in cash, shares of
Common Stock or other property under Section 6.H instead of Common Stock. 

(vii)   To waive, amend,
cancel, extend, renew, accept the surrender of, modify or accelerate the vesting
of or lapse of restrictions on all or any portion of an outstanding Award.
Except as otherwise provided by this Plan, the Stock Option Agreement, Stock
Award Agreement or Performance Agreement or as required to comply with
applicable law, regulation or rule, no amendment, cancellation or modification
shall, without a Participant's consent, adversely affect any rights of the
Participant; provided, however, that (x) an amendment or modification that may
cause an Incentive Stock Option to become a Nonqualified Stock Option shall not
be treated as adversely affecting the rights of the Participant and (y) any
other amendment or modification of any Stock Option Agreement, Stock Award
Agreement or Performance Agreement that does not, in the opinion of the
Committee, adversely affect any rights of any Participant, shall not require
such Participant's consent. Notwithstanding the foregoing, the restrictions on
the Repricing of Options and Stock Appreciation Rights, as set forth in this
Plan, may not be waived. 

(viii)  To prescribe the form of
Stock Option Agreements, and Stock Award Agreements and Performance Agreements;
to adopt policies and procedures for the exercise of Options or Stock Awards,
including the satisfaction of withholding obligations; to adopt, amend, and
rescind policies and procedures pertaining to the administration of this Plan;
and to make all other determinations necessary or advisable for the
administration of this Plan. The Award's effectiveness will not be dependent on
any signature unless specifically so provided in the Award Agreement. Awards
shall generally be subject to a three year vesting period and no more than 60% of Awards to executives and directors may have a
vesting period of less than three years; provided, however, that vesting may
accelerate in the event of Change in Control and certain other events as set
forth in Section 9 herein, and in the events of death, disability or retirement,
as will be specified in the Award Agreement. 

The express grant in this Plan of any specific power to the
  Committee shall not be construed as limiting any power or authority of the
  Committee; provided that the Committee or any committee of the Board may not
  exercise any right or power reserved to the Board. Any decision made, or action
  taken, by the Committee or in connection with the administration of this Plan
  shall be final, conclusive and binding on all persons having an interest in this
Plan. 

	4. 	
      Eligibility

A.     Eligibility for Awards.
Awards, other than Incentive Stock Options, may be granted to any Eligible
Person selected by the Committee. Incentive Stock Options may be granted only to
employees of the Corporation or a Parent or Subsidiary. 

B.     Eligibility of Consultants. A
Consultant shall be an Eligible Person only if the offer or sale of the
Corporation's securities would be eligible for registration on Form S-8
Registration Statement because of the identity and nature of the service
provided by such person, unless the Corporation determines that an offer or sale
of the Corporation's securities to such person will satisfy another exemption
from the registration under the Securities Act and complies with the securities
laws of all other jurisdictions applicable to such offer or sale. 

C.     Substitution Awards. The
Committee may make Awards and may grant Options under this Plan by assumption,
in substitution or replacement of Performance shares, phantom shares, stock
awards, stock options, stock appreciation rights or similar awards granted by
another entity (including an Affiliate) in connection with a merger,
consolidation, acquisition of property or stock or similar transaction.
Notwithstanding any provision of this Plan (other than the maximum number of
shares of Common Stock that may be issued under this Plan), the terms of such
assumed, substituted, or replaced Awards shall be as the Committee, in its
discretion, determines is appropriate. 

	5. 	
      Common Stock Subject to
Plan

A.     Share Reserve and Limitations on
Grants. Subject to adjustment as provided in Section 9, the maximum
aggregate number of shares of Common Stock that may be (i) issued under this
Plan pursuant to the exercise of Options, (ii) issued pursuant to Stock Awards,
(iii) covered by Stock Appreciation Rights (without regard to whether payment on
exercise of the Stock Appreciation Right is made in cash or shares of Common
Stock) and (iv) covered by Performance Shares shall be limited 10% of the shares
of Common Stock outstanding, which calculation shall be made on the first
business day of a new fiscal year; provided that, the Plan shall be vested with
an initial grant of 30,000,000 shares of Common Stock. Thereafter, the evergreen
provision of 10% shall govern the Plan. The number shares of Common Stock
subject to the Plan shall be subject to adjustment as provided in Section 9.
Subject to adjustment as provided in Section 9, and notwithstanding any
provision hereto to the contrary, shares subject to the Plan shall include
shares forfeited in a prior year as provided herein. For purposes of determining
the number of shares of Common Stock available under this Plan, shares of Common
Stock withheld by the Corporation to satisfy applicable tax withholding
obligations pursuant to Section 10 of this Plan shall be deemed issued under
this Plan. No single participant may receive more than 25% of the total shares
awarded in any single year. 

B.     Reversion of Shares. If an
Option or Stock Award is terminated, expires or becomes unexercisable, in whole
or in pa1t, for any reason, the unissued or unpurchased shares of Common Stock
(or shares subject to an unexercised Stock Appreciation Right) which were
subject thereto shall become available for future grant under this Plan. Shares
of Common Stock that have been actually issued under this Plan shall not be returned to the share
reserve for future grants under this Plan; except that shares of Common Stock
issued pursuant to a Stock Award which are forfeited to the Corporation or
repurchased by the Corporation at the original purchase price of such shares,
shall be returned to the share reserve for future grant under this Plan. 

C.     Source of Shares. Common
  Stock issued under this Plan may be shares of authorized and unissued Common
  Stock or shares of previously issued Common Stock that have been reacquired by
the Corporation. 

	6. 	
      Options

A.     Award. In accordance with the
provisions of Section 4, the Committee will designate each Eligible Person to
whom an Option is to be granted and will specify the number of shares of Common
Stock covered by such Option. The Stock Option Agreement shall specify whether
the Option is an Incentive Stock Option or Nonqualified Stock Option, the
vesting schedule applicable to such Option and any other terms of such Option.
No Option that is intended to be an Incentive Stock Option shall be invalid for
failure to qualify as an Incentive Stock Option. 

B.     Option Price. The exercise
price per share for Com mon Stock subject to an Option shall be determined by
the Committee, but shall com ply with the following: 

(i) The exercise price per share for Common Stock subject to an
Option shall not be less than one hundred percent (100%) of the Fair Market
Value on the date of grant. 

(ii) The exercise price per share for Com mon Stock subject to
an Incentive Stock Option granted to a Participant who is deemed to be a Ten
Percent Owner on the date such option is granted, shall not be less than one
hundred ten percent ( 110%) of the Fair Market Value on the date of grant. 

C.     Maxi mum Option Period. The
maxi m um period during which an Option may be exercised shall be ten (10) years
from the date such Option was granted. In the case of an Incentive Stock Option
that is granted to a Participant who is or is deemed to be a Ten Percent Owner
on the date of grant, such Option shall not be exercisable after the expiration
of five (5) years from the date of grant. 

D.     Maximum Value of Options which
are Incentive Stock Options. To the extent that the aggregate Fair Market
Value of the Common Stock with respect to which Incentive Stock Options granted
to any person are exercisable for the first time during any calendar year (under
all stock option plans of the Corporation or any Parent or Subsidiary) exceeds
$100,000 (or such other amount provided in Section 422 of the Code), the Options
are not Incentive Stock Options. For purposes of this section, the Fair Market
Value of the Common Stock will be determined as of the time the Incentive Stock
Option with respect to the Common Stock is granted. This section will be applied
by taking Incentive Stock Options into account in the order in which they are
granted. 

E.     Non-transferability. Options
granted under this Plan which are intended to be I n centive Stock Options shall
be nontransferable except by will or by the Laws of descent and distribution and
during the lifetime of the Participant shall be exercisable by only the
Participant to whom the Incentive Stock Option is granted. Except to the extent
transferability of a Nonqualified Stock Option is provided for in the Stock
Option Agreement or is approved by the Committee, during the lifetime of the
Participant to whom the Nonqualified Stock Option is granted, such Option may be
exercised only by the Participant. If the Stock Option Agreement so provides or
the Committee so approves, a Nonqualified Stock Option may be transferred by a
Participant through a gift or domestic relations order to the Participant's
family members to the extent in compliance with applicable securities laws and
regulations and provided that such transfer is not a transfer for value
(within the meaning of applicable securities laws and regulations). The holder
of a Nonqualified Stock Option transferred pursuant to this section shall be
bound by the same terms and conditions that governed the Option during the
period that it was held by the Participant. No right or interest of a
Participant in any Option shall be liable for, or subject to, any lien,
obligation, or liability of such Participant. 

F.     Vesting. Options will vest as
provided in the Stock Option Agreement. 

G.     Exercise. Subject to the
provisions of this Plan and the applicable Stock Option Agreement, an Option may
be exercised to the extent vested in whole at any time or in part from time to
time at such times and in compliance with such requirements as the Committee
shall determine. A partial exercise of an Option shall not affect the right to
exercise the Option from time to time in accordance with this Plan and the
applicable Stock Option Agreement with respect to the remaining shares subject
to the Option. An Option may not be exercised with respect to fractional shares
of Common Stock. 

H.     Payment. Unless otherwise
provided by the Stock Option Agreement, payment of the exercise price for an
Option shall be made in cash or a cash equivalent acceptable to the Committee or
if the Common Stock is traded on an established securities market, by payment of
the exercise price by a broker-dealer or by the Option holder with cash advanced
by the broker-dealer if the exercise notice is accompanied by the Option
holder's written irrevocable instructions to deliver the Common Stock acquired
upon exercise of the Option to the broker-dealer or by delivery of the Common
Stock to the broker-dealer with an irrevocable commitment by the broker-dealer
to forward the exercise price to the Corporation. With the consent of the
Committee, payment of all or a part of the exercise price of an Option may also
be made (i) by surrender to the Corporation (or delivery to the Corporation of a
properly executed form of attestation of ownership) of shares of Common Stock
that have been held for such period prior to the date of exercise as is
necessary to avoid adverse accounting treatment to the Corporation, or (ii) any
other method acceptable to the Committee, including without limitation, the
withholding of shares receivable upon settlement of the option in payment of the
exercise price. If Common Stock is used to pay all or part of the exercise
price, the sum of the cash or cash equivalent and the Fair Market Value
(determined as of the date of exercise) of the shares surrendered must not be
less than the Option price of the shares for which the Option is being
exercised. 

I.     Stockholder Rights. No
Participant shall have any rights as a stockholder with respect to shares
subject to an Option until the date of exercise of such Option and the
certificate for shares of Common Stock to be received on exercise of such Option
has been issued by the Corporation. 

J.     Disposition and Stock Certificate
Legends for Incentive Stock Option Shares. A Participant shall notify the
Corporation of any sale or other disposition of Common Stock acquired pursuant
to an Incentive Stock Option if such sale or disposition occurs (i) within two
years of the grant of an Option or (ii) within one year of the issuance of the
Common Stock to the Participant. Such notice shall be in writing and directed to
the Chief Financial Officer of the Corporation or is his/her absence, the Chief
Executive Officer. The Corporation may require that certificates evidencing
shares of Common Stock purchased upon the exercise of Incentive Stock Option
issued under this Plan be endorsed with a legend in substantially the following
form: 

THE SHARES EVIDENCED BY THIS CERTIFICATE MAY NOT BE SOLD OR
TRANSFERRED PRIOR TO , 20 , IN THE ABSENCE OF A WRITTEN STATEMENT FROM THE
CORPORATION TO THE EFFECT THAT THE CORPORATION IS AWARE OF THE FACTS OF SUCH
SALE OR TRANSFER. 

The blank contained in this legend shall be filled in with the
date that is the later of (i) one year and one day after the date of the
exercise of such Incentive Stock Option or (ii) two years and one day after the
grant of such Incentive Stock Option. 

K.     No Repricing. In no event
shall the Committee permit a Repricing of any Option without the approval of the
stockholders of the Corporation. 

	7. 	
      Stock Awards

A.     Stock Bonus Awards. Each
Stock Award Agreement for a Stock Bonus Award shall be in such form and shall
contain such terms and conditions (including provisions relating to
consideration, vesting, reacquisition of shares following termination, and
transferability of shares) as the Committee shall deem appropriate. The terms
and conditions of Stock Award Agreements for Stock Bonus Awards may change from
time to time, and the terms and conditions of separate Stock Bonus Awards need
not be identical. 

B.     Restricted Stock Awards. Each
Stock Award Agreement for a Restricted Stock Award shall be in such form and
shall contain such terms and conditions (including provisions relating to
purchase price, consideration, vesting, reacquisition of shares following
termination, and transferability of shares) as the Committee shall deem
appropriate. The terms and conditions of the Stock Award Agreements for
Restricted Stock Awards may change from time to time, and the terms and
conditions of separate Restricted Stock Awards need not be identical. Vesting of
(or forfeiture of) any grant of Restricted Stock Awards may be further
conditioned upon the attainment of Performance Objectives established by the
Committee in accordance with the applicable provisions of Section 8 of this Plan
regarding Performance Shares. 

C.     Stock Appreciation Rights.
Each Stock Award Agreement for Stock Appreciation Rights shall be in such form
and shall contain such terms and conditions (including provisions relating to
vesting, reacquisition of shares following termination, and transferability of
shares) as the Committee shall deem appropriate. The terms and conditions of
Stock Appreciation Rights may change from time to time, and the terms and
conditions of separate Stock Appreciation Rights need not be identical. No Stock
Appreciation Right shall be exercisable after the expiration of seven (7) years
from the date such Stock Appreciation Right is granted. The base price per share
for each share of Common Stock covered by an Award of Stock Appreciation Rights
shall not be less than one hundred percent (100%) of the Fair Market Value of a
share of Common Stock on the date of grant. In no event shall the Committee
permit a Repricing of any Stock Appreciation Right without the approval of the
stockholders of the Corporation. 

D.     Deferred Shares. The
Committee may authorize grants of Deferred Shares to Participants upon such
terms and conditions as the Committee may determine in accordance with the
following provisions: 

(i)     Each grant
shall constitute the agreement by the Corporation to issue or transfer shares of
Common Stock to the Participant in the future in consideration of the
performance of services, subject to the fulfillment during the Deferral Period
of such conditions as the Committee may specify. 

(ii)    Each grant may
be made without additional consideration from the Participant or in
consideration of a payment by the Participant that is less than the Fair Market
Value on the date of grant. 

(iii)   Each grant shall
provide that the Deferred Shares covered thereby shall be subject to a Deferral
Period, which shall be fixed by the Committee on the date of grant, and any
grant or sale may provide for the earlier termination of such period in the
event of a Change in Control of the Corporation or other similar transaction or
event. 

(iv)    During the
Deferral Period, the Participant shall not have any right to transfer any rights
under the subject Award, shall not have any rights of ownership in the Deferred
Shares and shall not have any right to vote such shares, but the Committee may
on or after the date of grant, authorize the payment of dividend or other
distribution equivalents on such shares in cash or additional shares on a
current, deferred or contingent basis. 

(v)     Any grant
of the vesting thereof may be further conditioned upon the attainment of
Performance Objectives established by the Committee in accordance with the
applicable provisions of Section 8ofthis Plan regarding Performance Shares. 

(vi)    Each grant shall
be evidenced by an agreement delivered to and accepted by the Participant and
containing such terms and provisions as the Committee may determine consistent
with this Plan. 

	8. 	
      Performance Shares

A.     The Committee may authorize grants
of Performance Shares, which shall become payable to the Participant upon the
achievement of specified Performance Objectives, upon such terms and conditions
as the Committee may determine in accordance with the following provisions: 

(i)     Each grant
shall specify the number of Performance Shares to which it pertains, which may
be subject to adjustment to reflect changes in compensation or other factors.

(ii)    The Performance
Period with respect to each Performance Share shall commence on the date
established by the Committee and may be subject to earlier termination in the
event of a Change in Control of the Corporation or similar transaction or event.

(iii)   Each grant shall
specify the Performance Objectives that are to be achieved by the Participant.

(iv)   Each grant may specify
in respect of the specified Performance Objectives a minimum acceptable level of
achievement below which no payment will be made and may set forth a formula for
determining the amount of any payment to be made if performance is at or above
such minimum acceptable level but falls short of the maximum achievement of the
specified Performance Objectives. 

(v)     Each grant
shall specify the time and manner of payment of Performance Shares that shall
have been earned, and any grant may specify that any such amount may be paid by
the Corporation in cash, shares of Common Stock or any combination thereof and
may either grant to the Participant or reserve to the Committee the right to
elect among those alternatives. 

(vi)    Any grant of
Performance Shares may specify that the amount payable with respect thereto may
not exceed a maximum specified by the Committee on the date of grant. 

(vii)   Any grant of
Performance Shares may provide for the payment to the Participant of dividend or
other distribution equivalents thereon in cash or additional shares of Common
Stock on a current, deferred or contingent basis. 

(viii)  If provided in the terms
of the grant and subject to the requirements of Section l 62(m) of the Code (in
the case of Awards intended to qualify for exception therefrom), the Committee
may adjust Performance Objectives and the related minimum acceptable level of
achievement if, in the sole judgment of the Committee, events or transactions
have occurred after the date of grant that are unrelated to the performance of the Participant and result
in distortion of the Performance Objectives or the related minimum acceptable
level of achievement. 

(ix)    Each grant shall
  be evidenced by an agreement that shall be delivered to and accepted by the
  Participant, which shall state that the Performance Shares are subject to all of
  the terms and conditions of this Plan and such other terms and provisions as the
Committee may determine consistent with this Plan. 

	9. 	
      Changes in Capital
Structure

A.     No Limitations of Rights. The
existence of outstanding Awards shall not affect in any way the right or power
of the Corporation or its stockholders to make or authorize any or all
adjustments, recapitalizations, reorganizations or other changes in the
Corporation's capital structure or its business, or any merger or consolidation
of the Corporation, or any issuance of bonds, debentures, preferred or prior
preference stock ahead of or affecting the Common Stock or the rights thereof,
or the dissolution or liquidation of the Corporation, or any sale or transfer of
all or any part of its assets or business, or any other corporate act or
proceeding, whether of a similar character or otherwise. 

B.     Changes in Capitalization. If
the Corporation shall effect a subdivision or consolidation of shares or other
capital readjustment, the payment of a stock dividend, or other increase or
reduction of the number of shares of the Common Stock outstanding, without
receiving consideration therefore in money, services or property, then (i) the
number, class, and per share price of shares of Common Stock subject to
outstanding Options and other Awards hereunder and (ii) the number and class of
shares then reserved for issuance under this Plan and the maximum number of
shares for which Awards may be granted to a Participant during a specified time
period shall be appropriately and proportionately adjusted. The conversion of
convertible securities of the Corporation shall not be treated as effected
''without receiving consideration." The Committee shall make such adjustments,
and its determinations shall be final, binding and conclusive. 

C.     Merger, Consolidation or Asset
Sale. If the Corporation is merged or consolidated with another entity or
sells or otherwise disposes of substantially all of its assets to another
company while Options or Stock Awards remain outstanding under this Plan, unless
provisions are made in connection with such transaction for the continuance of
this Plan and/or the assumption or substitution of such Options or Stock Awards
with new options or stock awards covering the stock of the successor company, or
parent or subsidiary thereof, with appropriate adjustments as to the number and
kind of shares and prices, then all outstanding Options and Stock Awards which
have not been continued, assumed or for which a substituted award has not been
granted shall, whether or not vested or then exercisable, unless otherwise
specified in the Stock Option Agreement or Stock Award Agreement, terminate
immediately as of the effective date of any such merger, consolidation or sale.

D.     Limitation on Adjustment.
Except as previously expressly provided, neither the issuance by the Corporation
of shares of stock of any class, or securities convertible into shares of stock
of any class, for cash or property, or for labor or services either upon direct
sale or upon the exercise of rights or warrants to subscribe therefor, or upon
conversion of shares or obligations of the Corporation convertible into such
shares or other securities, nor the increase or decrease of the number of
authorized shares of stock, nor the addition or deletion of classes of stock,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number, class or price of shares of Common Stock then subject to outstanding
Options or StockAwards.

	10. 	
      Withholding of Taxes

The Corporation or an Affiliate shall have the right, before
any certificate for any Common Stock is delivered, to deduct or withhold from
any payment owed to a Participant any amount that is necessary in order to satisfy any withholding requirement that the
Corporation or Affiliate in good faith believes is imposed upon it in connection
with U.S. federal, state, or local taxes, including transfer taxes, as a result
of the issuance of, or lapse of restrictions on, such Common Stock, or otherwise
require such Participant to make provision for payment of any such withholding
amount. Subject to such conditions as may be established by the Committee, the
Committee may permit a Participant to (i) have Common Stock otherwise issuable
under an Option or Stock Award withheld to the extent necessary to comply with
minimum statutory withholding rate requirements, (ii) tender back to the
Corporation shares of Common Stock received pursuant to an Option or Stock Award
to the extent necessary to comply with minimum statutory withholding rate
requirements for supplemental income, (iii) deliver to the Corporation
previously acquired Common Stock, (iv) have funds withheld from payments of
wages, salary or other cash compensation due the Participant, (v) pay the
Corporation or its Affiliate in cash, in order to satisfy part or all of the
obligations for any taxes required to be withheld or otherwise deducted and paid
by the Corporation or its Affiliate with respect to the Option or Stock Award;
or (vi) establish a 10b5-l trading plan for withheld stock designed to
facilitate the sale of stock in connection with the vesting of such shares, the
proceeds of which shall be utilized to make all applicable withholding payments
in a manner to be coordinated by the Corporation's Chief Financial Officer. 

	11. 	
      Compliance with Law and Approval of Regulatory
      Bodies

A.     General Requirements. No
Option or Stock Award shall be exercisable, no Common Stock shall be issued, no
certificates for shares of Common Stock shall be delivered, and no payment shall
be made under this Plan except in compliance with all applicable federal and
state laws and regulations (including, without limitation, withholding tax
requirements), any listing agreement to which the Corporation is a party, and
the rules of all domestic stock exchanges or quotation systems on which the
Corporation's shares may be listed. The Corporation shall have the right to rely
on an opinion of its counsel as to such compliance. Any share certificate issued
to evidence Common Stock when a Stock Award is granted or for which an Option or
Stock Award is exercised may bear such legends and statements as the Committee
may deem advisable to assure compliance with federal and state laws and
regulations. No Option or Stock Award shall be exercisable, no Stock Award shall
be granted, no Common Stock shall be issued, no certificate for shares shall be
delivered, and no payment shall be made under this Plan until the Corporation
has obtained such consent or approval as the Committee may deem advisable from
regulatory bodies having jurisdiction over such matters. 

B.     Participant Representations.
The Committee may require that a Participant, as a condition to receipt or
exercise of a particular award, execute and deliver to the Corporation a written
statement, in form satisfactory to the Committee, in which the Participant
represents and warrants that the shares are being acquired for such person's own
account, for investment only and not with a view to the resale or distribution
thereof. The Participant shall, at the request of the Committee, be required to
represent and warrant in writing that any subsequent resale or distribution of
shares of Common Stock by the Participant shall be made only pursuant to either
(i) a registration statement on an appropriate form under the Securities Act of
1933, which registration statement has become effective and is current with
regard to the shares being sold, or (ii) a specific exemption from the
registration requirements of the Securities Act of 1933, but in claiming such
exemption the Participant shall, prior to any offer of sale or sale of such
shares, obtain a prior favorable written opinion of counsel, in form and
substance satisfactory to counsel for the Corporation, as to the application of
such exemption thereto. 

	12. 	
      General Provisions

A.     Effect on Employment and
Service. Neither the adoption of this Plan, its operation, nor any documents
describing or referring to this Plan (or any part thereof) shall (i) confer upon
any individual any right to continue in the employ or service of the Corporation
or an Affiliate, (ii) in any way affect any right and power of the Corporation
or an Affiliate to change an individual's duties or terminate the employment or
service of any individual at any time with or without assigning a reason
therefor or (iii) except to the extent the Committee grants an Option or Stock
Award to such individual, confer on any individual the right to participate in
the benefits of this Plan. 

B.     Use of Proceeds. The proceeds
received by the Corporation from the sale of Common Stock pursuant to this Plan
shall be used for general corporate purposes. 

C.     Unfunded Plan. This Plan,
insofar as it provides for grants, shall be unfunded, and the Corporation shall
not be required to segregate any assets that may at any time be represented by
grants under this Plan. Any liability of the Corporation to any person with
respect to any grant under this Plan shall be based solely upon any contractual
obligations that may be created pursuant to this Plan. No such obligation of the
Corporation shall be deemed to be secured by any pledge of, or other encumbrance
on, any property of the Corporation. 

D.     Rules of Construction.
Headings are given to the Sections of this Plan solely as a convenience to
facilitate reference. The reference to any statute, regulation, or other
provision of law shall be construed to refer to any amendment to or successor of
such provision of law. 

E.     Choice of Law. This Plan and
all Stock Option Agreements and Stock Award Agreements entered into under this
Plan shall be interpreted under the Corporation Law excluding (to the greatest
extent permissible by law) any rule of law that would cause the application of
the laws of any jurisdiction other than the Corporation Law. 

F.     Fractional Shares. The
Corporation shall not be required to issue fractional shares pursuant to this
Plan. The Committee may provide for elimination of fractional shares or the
settlement of such fraction shares in cash. 

G.    Foreign Employees. In order to
facilitate the making of any grant or combination of grants under this Plan, the
Committee may provide for such special terms for Awards to Participants who are
foreign nationals, or who are employed by the Corporation or any Affiliate
outside of the United States, as the Committee may consider necessary or
appropriate to accommodate differences in local law, tax policy or custom.
Moreover, the Committee may approve such supplements to, or amendments,
restatements or alternative versions of, this Plan as it may consider necessary
or appropriate for such purposes without thereby affecting the terms of this
Plan, as then in effect, unless this Plan could have been amended to eliminate
such inconsistency without further approval by the stockholders of the
Corporation. 

	13. 	
      Amendment and Termination

The Board may amend or terminate this Plan from time to time;
provided, however, stockholder approval shall be required for any amendment that
(i) increases the aggregate number of shares of Common Stock that may be issued
under this Plan, except as contemplated by Section 5.A or Section 9.B; (ii)
changes the class of employees eligible to receive Incentive Stock Options;
(iii) modifies the restrictions on Repricing’s set forth in this Plan; or (iv)
is required by the terms of any applicable laws, regulations or rules, including
the rules of any market on which the Corporation shares are traded or exchange
on which the Corporation shares are listed. Except as specifically permitted by
this Plan, Stock Option Agreement or Stock Award Agreement or as required to
comply with applicable laws, regulations or rules, no amendment shall, without a
Participant's consent, adversely affect any rights of such Participant under any
Option or Stock Award outstanding at the time such amendment is made; provided,
however, that an amendment that may cause an Incentive Stock Option to become a
Nonqualified Stock Option shall not be treated as adversely affecting the rights
of the Participant. Any amendment requiring stockholder approval shall be
approved by the stockholders of the Corporation within twelve (12) months of the
date such amendment is adopted by the Board. 

	14. 	
      Effective Date of Plan; Duration of
  Plan

A.     This Plan shall be effective upon
adoption by the Board, subject to approval within twelve (12) months by the
stockholders of the Corporation. In the event that the stockholders of the
Corporation shall not approve this Plan within such twelve (12) month period,
this Plan shall terminate. Unless and until the Plan has been approved by the
stockholders of the Corporation, no Option or Stock Award may be exercised, and
no shares of Common Stock may be issued under the Plan. In the event that the
stockholders of the Corporation shall not approve the Plan within such twelve
(12) month period, the Plan and any previously granted Options or Stock Awards
shall terminate. 

B.     Unless previously terminated, this
Plan will terminate ten (10) years after the earlier of (i) the date this Plan
is adopted by the Board, or (ii) the date this Plan is approved by the
stockholders, except that Awards that are granted under this Plan prior to its
termination will continue to be administered under the terms of this Plan until
the Awards terminate or are exercised. 

IN WITNESS WHEREOF, the Corporation has caused this Plan
to be executed by a duly authorized officer as of the date of adoption of this
Plan by the Board of Directors. 

XIANGTIAN (USA) AIR POWER CO., LTD. 

	By:  	/s/ Zhou Deng Hua	 
	 	Zhou Deng Hua, Chief Executive
      Officer 	 

Date: June 22, 2017

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