Document:

ex102.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

	SERVICES AGREEMENT

(APPLICATION SERVICE PROVIDER - CUSTOMER)

     THIS SERVICES AGREEMENT (“Agreement”) is made as of this 15th day of September, 2008 (the “Effective Date”), between CYBERMESH SYSTEMS INC., a Belize corporation with a registered office at No 5. New Road, Belize City, Belize, (hereinafter referred to as “Customer”), and BLOCK ARCADE I.T. SERVICES INC., a Nevada corporation with a business address of 3753 Howard Hughes Parkway, Las Vegas, NV 89169 (hereinafter referred to as the “Application Service Provider”),

All references herein to this “Agreement” include all of the Appendices to this Agreement.

WHEREAS CUSTOMER is the owner of a proprietary software and hardware technology enabling the delivery of high definition videos, movies, television programming and audio-visual products on demand world-wide over the internet to an End user Device, hereinafter referred to as the “streaming technology”.

AND WHEREAS CUSTOMER is the owner or authorized licensee of proprietary videos, movies, television programming and audio-visual products and telecommunications (hereinafter referred to as the “Customer Content”). 

AND WHEREAS CUSTOMER is the proprietary owner of compression, encoding, encryption, video streaming technology and telecomunication technologies (“Customers Information Technology”) which the Customer desires to license to the Application Service Provider so as to enable the Application Service Provider to provide the Services herein.

AND WHEREAS the Application Service Provider has the expertise, staff and facilities to provide installation, operations, administration and support for the Customer’s Information Technology (“IT”) solutions from the Application Service Provider’s central facility (the “Services” as hereinafter defined), and agrees to provide the Services on behalf of Customer;

AND WHEREAS CUSTOMER desires to promote the sale and distribution and delivery of the Content by licensing the Customer Information Technology to the Application Service Provider and outsourcing the use of the Application Service Provider’s staff and facilities in accordance with the terms and conditions as set forth in this Agreement.

NOW THEREFORE, in consideration of the mutual terms and conditions contained herein, and other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

	1. Application Service Provider Services

    This Agreement contains the following appendices:

    Appendix “A” Software and technical support - terms and conditions

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    Appendix “B” Contacts and list of authorized personnel

	2.   	Customer’s Responsibilities 
	 
	         (1)  In connection with the Services to be provided by the Application Service Provider hereunder, Customer agrees to provide the Application Service Provider with the following: 

	         	(a)      	necessary access to and control of Customer’s networks, servers, facilities and IT personnel as required for the Application Service Provider to provide the Services; 
	  	 
	  	(b)      	necessary application licences for all of Customer’s software, hardware and Customer Information Technology (including third party software) that is to be hosted and managed by the Application Service Provider; and 
	  	 
	  	(c)      	installation and delivery at Customer site to be completed in accordance with this Agreement including Customer computer equipment and other hardware required to perform the Services required. 
	  	 
	  	(d)      	Customer shall provide the Application Service Provider with a detailed network diagram and documentation prior to installation of any hardware. 
	  	 
	         (2)  Asset tags. Equipment provided by the Application Service Provider or third-party vendors in connection with the Services, and not owned by Customer must be tagged by Customer upon delivery to reflect property of the Application Service Provider. Customers agreeto store or install any such equipment in a secure location and at all times know the whereabouts of the equipment. The Application Service Provider will biannually send a list of equipment to be verified, signed and returned to the Application Service Provider within ten (10) days of receipt.
	  	  
	         (3)  Authorization and security issues. The person(s) authorized by Customer to order new Services, change existing Services or terminate Services on behalf of Customer (and Customer’s employees and affiliates) is (are) designated in Appendix B. The designated person(s) may delegate the authority to order new services, change existing services, or terminate the Services to other individuals within Customer’s organization. Customer shall notify the Application Service Provider immediately in writing of any such changes. For purposes of this Agreement, notification by facsimile shall be considered as written notification of delegation of authority followed by original via United States Post. 
	  	
	        (4)  Customer and Application Service Provider shall assign and maintain security levels for the different locations and entities within each of the Customer’s and Application Service Provider’s organization. Implementation of such security levels shall be done by the Application Service Provider in co-operation with Customer. 
	  	
	        (5)  Customer and Application Service Provider agree to establish non-disclosure, security, and IT discipline agreements with their employees of Assignees. Each party shall have no liability for any breaches of such non-disclosure, security or IT discipline agreements by employees of the other party or their respective assignees. 

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	      (6)  The Customer grants to the Application Service Provider, for the purposes of this agreement and subject to the terms and conditions of this agreement, a non-exclusive, non-transferable license without the consent in writing of the Customer, to use the trade names or marks currently used or subsequently used by the Company from time to time, during the term or any extension of this agreement.

	3. Fees and Payment Terms
	 
	      (1)  The Application Service Provider estimates the installation, and system start-up at the Application Service Provider’s or any Assignee’s data centre to be approximately 15 days.
	 
	      (2)   During the Term as defined in Section 9, fees payable by Customer will be Fifty Thousand ($50,000) per month payable on the last day of each month during the term or any renewal term hereof. The Application Service Provider agrees that the foregoing fees shall be fixed during the Inital Term and will be renegotiated upon conclusion of the Inital Term. If contract is terminated, the remaining balance of contract, based upon the Inital Term, is immediately payable to the Application Service Provider.
	
	      (3)  The Customer will be invoiced monthly. Services beginning after the first day of the month will be invoiced on a pro-rated basis for the first calendar month in which they receive the Services. All amounts invoiced for Services rendered by the Application Service Provider are due net at the end of the month in the month in which the invoiced services are dated. All invoiced amounts that remain unpaid after the thirty (30) day period shall accrue interest at the current prime rate from time to time until paid in full, including the payment of all accrued interest. Customer agrees that it shall pay all invoices in a timely manner. Customer’s failure to pay outstanding invoices in a timely manner for a period of three (3) consecutive months shall constitute a breach of this Agreement for purposes of Section 9 hereof.
	 

	4. Timely Performance and Co-operation

     The Application Service Provider shall use all reasonable efforts to perform the Services in a timely manner, and Customer shall use all reasonable efforts to co-operate with the Application Service Provider and fulfill its responsibilities as stated elsewhere in this Agreement in connection with the provision of such Services.

	5. Independent Contractor Status

     The Application Service Provider shall perform all Services under this Agreement as an “independent contractor” and not as an agent of Customer. Nothing herein shall be construed to create any legal partnership, joint venture, agency or any other relationship between the Application Service Provider and Customer. Neither the Application Service Provider nor Customer shall at any time have the power to bind the other party.

	6. Representations and Warranties; Limitations of Liabilities
	 
	     (1)   Customer represents and warrants to the Application Service Provider that:
	              	 
	     (a)   	it has all corporate authority to enter into and perform its obligations under this Agreement;
	 

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	        	(b)      	it is the owner or authorized licensee of the Customer Content and has the sole and absolute right to permit the Application Service Provider access to the Customer Content and Customer Information Technology so as to enable the Application Service Provider to perform the Services contracted for herein. 
		 
		(c)       	it is expressly and exclusively responsible for managing its own business. 
	 	 

	        	(2)       	
The Application Service Provider represents and warrants to Customer that:

			  
		(a)     	The Application Service Provider typically achieves 99.7% application availability to its customers. For every hour below 99% the Application Service Provider will provide an hour credit of service applied to the specific end user. Application availability is defined as application delivery to the router on the Customer’s premises. The Application Service Provider is not responsible for any outage at the Customer premises including internal network (“LAN”), local infrastructure or facilities. The determination of down-time is based on Customer notification to the Application Service Provider’s technical support centre during Working Hours. 
		 
		(b)     	In the event viruses are detected in Customer’s local client environment managed by the Application Service Provider, the Application Service Provider may be required to secure the systems by denying access to infected users. If the virus infection is traced back to Customer, Customer will be invoiced according to the current price list for remedying the virus. 
		 
		(c)      	The Application Service Provider has all corporate authority to enter into and perform its obligations under this Agreement. 
		 
		(d)       	For the systems and software being used by the Customer in the performance of the Services, excluding Customer owned/leased software, the Application Service Provider owns the rights to its systems and either owns or is licensed to use, and during the term of this Agreement will continue to own or be licensed to use, in the manner contemplated by this Agreement, any software used in the provision of the Services to Customer. The Application Service Provider hereby agrees to indemnify and hold Customer harmless from any and all claims, lawsuits, liabilities, expenses, costs, damages and fees arising from or in connection with Application Service Provider’s violation of this warranty. Furthermore, and without limiting the rights of Customer under Section 9, if the Application Service Provider is in violation of this warranty, the Application Service Provider will, prior to the termination of this Agreement and pursuant to Section 9, either procure the right to use the system or any other software used in the provision of Services to Customer, or will develop an alternative approach that does not violate the rights of the other party while providing Customer with similar Services,. 
		 
		(e)       	The Application Service Provider guarantees that it will initiate efforts to resolve System problems within fifteen (15) minutes of receiving notification from Customer. Problems must be reported by Customer during working hours, which for purposes of this Agreement, shall be 9:00 a.m. to 5:00 p.m., Monday through Friday Mountain 
		 

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	        	       	Standard Time excluding holidays (“Working Hours”). The Application Service Provider has achieved Customer application availability of 99.7% up time during normal working hours. Application availability at the desktop excludes Customer provided hardware and applies to only those applications that form part of the Application Service Provider’s Services profile. 
		 
		(f)      	IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY LOSS OR INJURIES TO EARNINGS, PROFITS OR GOODWILL, OR FOR ANY 
		 
		 	CONSEQUENTIAL, EXEMPLARY, SPECIAL, INCIDENTAL OR PUNITIVE DAMAGES OF ANY PERSON OR ENTITY (INCLUDING DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, AND THE LIKE) WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, EVEN IF EITHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE APPLICATION SERVICE PROVIDER SHALL NOT BE LIABLE FOR ANY CLAIM ARISING FROM THE USE OF SOFTWARE OR DATA WHICH HAS BEEN MODIFIED BY ANYONE OTHER THAN THE APPLICATION SERVICE PROVIDER, ITS AGENTS, ASSIGNS OR SUBCONTRACTORS, OR FOR ANY CLAIM ARISING FROM THE USE OF ANY SOFTWARE DEVELOPED OR MODIFIED BY CUSTOMER, ITS AGENTS, ASSIGNS OR SUBCONTRACTORS, OR WHICH HAS BEEN PROVIDED TO OR ACQUIRED BY CUSTOMER UNDER ANY LICENCE OR OTHERWISE FROM ANY THIRD PARTY. 
		 
		(g)     	The Application Service Provider shall not be responsible for, expressly or impliedly, any contractual obligation or liability of any kind whatsoever of Customer or Customer’s employees or agents. Customer hereby agrees to indemnify and hold the Application Service Provider harmless from any and all claims, losses, lawsuits, liabilities, expenses, costs, damages and fees (including attorney’s fees) arising from Customer or Customer’s employees’ and/or agents’ activities with respect to breaches of the warranties hereunder, or any errors and omissions in using the Services provided hereunder in connection with Customer’s provision of services to any third party. 
		 
		(h)    	THE LIMITATIONS SET FORTH IN THIS SECTION SHALL APPLY EVEN IF OTHER REMEDIES FAIL OF THEIR ESSENTIAL PURPOSE. 
		 

	7.      	Confidentiality 
	 
	        (1)  Subject to any contrary requirement of law and the right of each party to enforce its rights hereunder in any legal action, each party shall keep strictly confidential, and shall cause and require its employees, agents, assignees and consultants to keep strictly confidential, any and all information which it or any of its employees or agents may acquire pursuant to, or in the course of performing its obligations under, any provision of this Agreement; provided, however, that such obligation to maintain confidentiality shall not apply to information which at the time of disclosure was in the public domain not as a result of acts by the receiving party. Each party acknowledges that the unauthorized disclosure or use of confidential information of the other party would cause irreparable harm and significant injury to the non-disclosing party that may be difficult to compensate. Accordingly, each party hereto agrees that the non-disclosing party shall have the right to seek and obtain temporary and permanent injunctive relief in addition to any
	 

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other rights and remedies it may have. For purposes hereof, the obligation of confidentiality shall not apply to information that is:

	      	(a)      	in the public domain at the time of disclosure; 
		 
		(b)      	has been lawfully obtained by the disclosing party from a third party under no obligation of confidentiality; or 
		 
		(c)      	is required to be disclosed pursuant to a duly authorized subpoena, court order, or government authority, whereupon the non-disclosing party shall provide prompt written notice to the disclosing party prior to such disclosure, so that the disclosing party may seek a protective order or other remedy. 
		 

     (2)   In the event a protective order is inappropriate or another remedy is not obtained, the non-disclosing party agrees to disclose only that portion of the Confidential Information which is required. Confidential information provided by the Application Service Provider to the Customer shall specifically include, but not be limited to, all application technology, software and all related manuals, documentation, memoranda, report formats proposals and contracts and any other information provided by the Application Service Provider in any form. Notwithstanding any other provision of this Agreement, each party hereto agrees to indemnify the other party for all costs and damages of any kind whatsoever, including, without limitation, lawyers’ fees and expenses, incurred by such other party as a result of any breach of confidentiality by the indemnifying party of its obligations under this Section 8.

	8.      	Software Licences, Title and Documentation 
	 
	      (1)  The application technology, software and related documentation used or developed by the Application Service Provider, including any software or documentation developed by or on behalf of the Application Service Provider at the request or suggestion of Customer and any software and documentation provided to Customer by the Application Service Provider, and all copies thereof (collectively the “Application Service Provider Software”), excepting the Software Products (defined below), are proprietary to the Customer and title thereto shall be assigned to the Customer. All applicable rights to Customer Information Technology, Customer Content, patents, copyrights, know-how, trade marks and trade secrets for all Customer Software are and shall remain in the Customer.
		
	      (2)  Customer hereby acknowledges that certain licensed software products and documentation therefor (“Software Products”) have been or may, in the future, be licensed for use by Customer or the Application Service Provider from certain third parties (each a “Licensor” and collectively, the “Licensors”) under the terms of licence agreements of various dates (each a “Licence Agreement” and collectively, the “Licence Agreements”). Customer acknowledges that the Licence Agreements contain and constitute valuable trade secrets and confidential information belonging to the Licensors and that all applicable rights in the patents, copyrights, trade marks and trade secrets in such software products are, and will remain, the Licensors. Customer’s use of any such Software Products hereunder is subject to the terms and conditions of the applicable Licence Agreement for such Software Products, and the Application Service Provider makes no additional representations or warranties regarding such Software Products.
	 

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     (3)  Without limiting the generality of Section 8 hereof, Application Service Provider hereby agrees:

	     (a)   	to use its best efforts to keep confidential the Customer Software and any Software Products licensed under the Licence Agreements, and to abide by and comply with the non-disclosure and confidentiality provisions of this Section 9 both with respect to the Customer Software and also with respect to Software Products covered by the Licence Agreements; 
	 
	     (b)    	not to use such licensed Software Products or the Customer Software, except as contemplated by this Agreement. 
	 

     (4)  Customer and the Application Service Provider are responsible for third party licences as individually used by each party. Each party in the Agreement covers the cost of acquiring the necessary licences according to the Agreement.

     (5)  Liabilities – Licences. The party responsible for the licensed Software Products shall cover liabilities occurring because of breach of licence terms. This includes consequential damage.

     (6)  Approval of Software. All software used by Customer and managed by the Application Service Provider must be tested and approved by the Application Service Provider. 

	9.    	Term and Termination 
	 
	      (1)  This Agreement shall have a minimum term of 12 months, commencing on the first of October for Services rendered hereunder (the “Minimum Term”), unless otherwise terminated pursuant to this Agreement. Either party may terminate this Agreement upon three (3) months’ prior written notice to the other party. If a party wants to terminate this Agreement at the end of the Minimum Term, such party is required to give written notice to the other party on or before the commencement of the third month of the Minimum Term. If there is no notification from either party, this contract will automatically renew for the minimum term of twelve months (12 months).
		
		(2)  The Application Service Provider may terminate this Agreement upon immediate occurrence of the following events:

	        	(a)    	if Customer fails to perform obligations hereunder or materially breaches any terms or condition of this Agreement; 
		 
		(b)    	if Customer becomes insolvent, enters into an assignment for the benefit of its creditors or commences bankruptcy proceedings, whether voluntary or involuntary; 
		 
		(d)    	if the representations and warranties made by Customer in this Agreement are not true and correct in all material respects; or 
		 
		(e)    	upon the written consent of Customer. 
		 
		(3)  	Customer may terminate this Agreement upon the occurrence of one or more of the 
		 

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	 	following events: 
	 
	       (a)   	if the Application Service Provider fails to address and resolve application specific issues within a reasonable time after receipt of notice from Customer; 
	 
	       (b)	if the Application Service Provider becomes insolvent, enters into an assignment for the benefit of its creditors or commences bankruptcy proceedings, whether voluntary or involuntary; or 
	 
	       (c)	upon the written consent of the Application Service Provider. 
	 

     (4)  If this Agreement is terminated by the Application Service Provider prior to the expiration of the Minimum Term for the reasons described in Section 9(2)(a) through (c) above or Customer for reasons other than as described in Section 9(3) above, Customer agrees to be responsible for and pay the Application Service Provider the fees pursuant to Section 3 hereof for the duration of the Minimum Term.

     (5)  In the event of any termination of this Agreement, the Application Service Provider shall be entitled to payment and Customer shall be obligated to pay for any and all Services rendered by the Application Service Provider under this Agreement prior to the date of such termination. Additionally, notwithstanding any termination of this Agreement, the provisions set forth in Sections 7, 9 and 13 of this Agreement shall survive such termination and remain in full force and effect.

     (6)  Upon termination of this Agreement, the Application Service Provider may be requested by Customer to return all of Customer’s data in a format and medium reasonably chosen by Customer at Customer’s expense. Application Service Provider will permit the Customer access to their premises to re-claim and take physical possession of all of the Hardware and Software supplied by the Customer.

	10. Force Majeure

     Neither party shall be responsible for any delay or failure of performance resulting from any events or conditions not reasonably within the control of such party, which events or conditions prevent in whole or in part the performance by such party of its obligations hereunder or which renders the performance of such obligations so difficult or costly as to make performance commercially unreasonable. In such event, the party affected shall be excused from performance on a day-to-day basis to the extent of such interference, and the other party shall likewise be excused from the performance of its obligations on a day-to-day basis to the extent such party’s obligations relate to the performance so interfered with.

	11. Access Security Standards

     Customer agrees to impose upon its computer equipment security standards reasonably acceptable to the Application Service Provider to protect the Services from any unauthorized access or possible unauthorized access. Customer shall submit to the Application Service Provider any and all proposed security standards prior to their implementation for the Application Service Provider’s approval.

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	12. Partial Invalidity

     The enforceability or invalidity of any provision of this Agreement shall not render any other provision hereof unenforceable or invalid.

	13. Third Parties

     Nothing in this Agreement is intended to confer any rights or remedies under or by reason of this Agreement on any persons other than the parties hereto and their respective legal representatives, successors and permitted assigns, nor is anything in this Agreement intended to relieve or discharge the obligation/liability of any third persons to any party to this Agreement, nor shall any provision in this Agreement give any third persons any right of subrogation or action over or against any party to this Agreement.

	14. Notices

     All communications and notices provided for herein shall be in writing and shall be deemed to have been given when delivered personally to the applicable party, or received by facsimile and followed by registered or certified mail with return receipt requested, postage prepaid, and addressed to the applicable signatory at the address appearing at the end of this Agreement (or at such other address as any party may hereafter designate by notice to the other).

	15. Successors and Assigns; Assignment

     This Agreement shall be binding upon and inure to the benefit of the Application Service Provider and Customer and their respective successors and assigns. Customer may not assign or transfer its rights and obligations hereunder without the written consent of the Application Service Provider, which shall not be unreasonably withheld, except in the case of the sale of all or substantially all of the business or assets of Customer provided all of Customer’s rights or obligations to perform under this Agreement are binding on Customer’s transferee or assignee. Application Service Provider may, with written consent of the Customer, which will not be unreasonably withheld, outsource all or any part of the services contracted for herein.

	16. Entire Agreement

     This Agreement with its attached Appendices sets forth and constitutes the entire agreement and understanding between the parties as to the subject matter hereof and supersedes all prior discussions, agreements and understandings, whether written or oral, and neither of the parties shall be bound by any conditions, definitions, warranties, understandings or representations with respect to such subject matter other than as expressly provided herein.

	17. Amendment

     This Agreement may be amended or modified only by a written instrument signed by the Application Service Provider and Customer.

	18. Section Headings

     The section headings used herein are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

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	19. Governing Law

     This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Nevada, without regard to conflict of law principles.

	20. Counterparts

     This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

	21. ELECTRONIC TRANSMISSION

Delivery of an executed copy of these conditions by electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and delivery of these conditions on the date set forth above.

     In Witness Whereof, the undersigned have duly executed this Agreement on the 15th day of September 2008 effective as of the day and year first above written.

	CYBERMESH SYSTEMS INC.

	Locksley Samuels, President

	Claude Diedrick, President

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Appendix “A” – Software and Technical Support

	User support – terms and condition 	  
	Basic application support 	Technical support 
	Workdays 09:00 am – 5:00 pm EST 	Workdays 09:00 am – 5:00 pm EST 
	Included in basic service 	  	Included in basic service 
	Name 	Position 	  
	Claude Diedrick 	President 	                       Claude Diedrick 

Appendix “B” – Contacts and List of Authorized Personnel

	Claude Diedrick

11ex4_1.htm

    ZEALOUS
HOLDINGS, INC.

     

    2007
STOCK INCENTIVE PLAN

     

    1.
Establishment, Purpose and Types of Awards

     

    ZEALOUS
HOLDINGS, INC., a Delaware corporation (the “Company”), hereby establishes the
ZEALOUS HOLDINGS, INC. 2007 STOCK INCENTIVE PLAN (the “Plan”). The purpose of
the Plan is to promote the long-term growth and profitability of the Company by
(i) providing key employees, officers, directors of, and other individuals
providing bona fide services to, the Company with incentives to improve
stockholder value and to contribute to the growth and financial success of the
Company and (ii) enabling the Company to attract, retain and reward the
best-available persons.

     

    The Plan
permits the granting of stock options (including incentive stock options
qualifying under Code section 422 and nonqualified stock options), stock
appreciation rights, restricted or unrestricted stock awards, phantom stock,
performance awards, other stock-based awards, or any combination of the
foregoing.

     

    2.
Definitions

     

    Under
this Plan, except where the context otherwise indicates, the following
definitions apply:

     

     (a)
“Affiliate” shall mean
any entity, whether now or hereafter existing, which controls, is controlled by,
or is under common control with, the Company (including, but not limited to,
joint ventures, limited liability companies, and partnerships).  For
this purpose, “control” shall mean ownership of 50% or more of the total
combined voting power or value of all classes of stock or interests of the
entity.

     

     (b) “Award” shall mean any stock
option, stock appreciation right, stock award, phantom stock award, performance
award, or other stock-based award.

     

     (c) “Board” shall mean the Board
of Directors of the Company.

    

     (d) “Change in Control”
means:

     

     (i) an
acquisition (other than from the Company) in a transaction, or a series of
related transactions, by any person, entity or “group,” within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange
Act”), (excluding for this purpose, (A) the Company or its subsidiaries,
(B) any employee benefit plan of the Company or its subsidiaries which acquires
beneficial ownership of voting securities of the Company, (C) an underwriter
temporarily holding securities pursuant to an offering of such securities, or
(D) any corporation owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of the then
outstanding voting securities of the Company entitled to vote generally in the
election of directors) of beneficial ownership, within the meaning of Rule

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    13d-3
promulgated under the Exchange Act, of 50% or more of either the then
outstanding shares of common stock or the combined voting power of the Company’s
then outstanding voting securities entitled to vote generally in the election of
directors (the “Company Voting
Stock”);

     

    (ii) the
effective time of any merger, share exchange, consolidation or other
reorganization or business combination of the Company if immediately after such
transaction persons who hold a majority of the outstanding voting securities
entitled to vote generally in the election of directors
of the surviving entity (or the entity owning 100% of such surviving entity) are
not persons who held the Company Voting Stock immediately prior to such
transaction;

     

    (iii) the
closing of a sale or conveyance of all or substantially all of the assets of the
Company;

     

    (iv)
individuals who were the Board’s nominees for election as directors immediately
prior to a meeting of the stockholders of the Company involving an actual or
threatened election contest relating to the election of the directors of the
Company, as such terms are used in Rule 14a-11 of Regulation 14A promulgated
under the Exchange Act, cease to constitute a majority of the Board following
the election; or

     

    (v) the
dissolution or liquidation of the Company;

     

    provided,
however, that the term “Change in Control” does not include (1) a public
offering of capital stock of the Company that is effected pursuant to a
registration statement filed with, and declared effective by, the Securities and
Exchange Commission under the Securities Act of 1933, or (2) any transaction
pursuant to which shares of capital stock of the Company are transferred or
issued to any trust, charitable organization, foundation, family partnership or
other entity controlled directly or indirectly by, or established for the
benefit of, Employee or controlled by the Employee for the benefit of Employee’s
immediate family members (including spouses, children, grandchildren, parents,
and siblings, in each case to include in-laws and adoptive relations), or
transferred to any such immediate family members.

     

     (e) “Code” shall mean the
Internal Revenue Code of 1986, as amended, and any regulations promulgated
thereunder.

     

     (f) “Common Stock” shall mean
shares of Class B common stock of the Company, par value of ($0.0001) per
share.

    

     (g) “Fair Market Value” shall
mean, with respect to a share of the Company’s Common Stock for any purpose on a
particular date, the value determined by the Administrator in good
faith.  However, if the Common Stock is registered under Section 12(b)
or 12(g) of the Securities Exchange Act of 1934, as amended, and listed for
trading on a national exchange or market, “Fair Market Value” shall
mean, as applicable, (i) either the closing price or the average of the high and
low sale price on the relevant date, as determined in the Administrator’s
discretion, quoted on the New York Stock Exchange, the American Stock Exchange,
or the Nasdaq National Market; (ii) the last sale price on the relevant date
quoted on the Nasdaq SmallCap Market; (iii) the average of the high bid and low
asked prices on the relevant date quoted on the Nasdaq OTC Bulletin Board
Service or by the National Quotation Bureau, Inc. or a comparable service as
determined in the Administrator’s discretion; or (iv) if the Common Stock is not
quoted by any of the above, the average of the closing bid and asked prices on
the relevant date furnished by a professional market maker for the Common Stock,
or by such other source, selected by 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    the
Administrator.  If no public trading of the Common Stock occurs on the
relevant date, then Fair Market Value shall be determined as of the next
preceding date on which trading of the Common Stock does occur.  For
all purposes under this Plan, the term “relevant date” as used in this Section
2.1(g) shall mean either the date as of which Fair Market Value is to be
determined or the next preceding date on which public trading of the Common
Stock occurs, as determined in the Administrator’s discretion.

    

    (h) “Grant Agreement” shall mean
a written document memorializing the terms and conditions of an Award granted
pursuant to the Plan and shall incorporate the terms of the Plan.

    

    3.
Administration

     

     (a) Administration of the
Plan.  The Plan shall be administered by the Board or by such
committee or committees as may be appointed by the Board from time to time (the
Board, committee or committees hereinafter referred to as the
“Administrator”).

     

     (b) Powers of the Administrator.
The Administrator shall have all the powers vested in it by the terms of the
Plan, such powers to include authority, in its sole and absolute discretion, to
grant Awards under the Plan, prescribe Grant Agreements evidencing such Awards
and establish programs for granting Awards.

     

     The
Administrator shall have full power and authority to take all other actions
necessary to carry out the purpose and intent of the Plan, including, but not
limited to, the authority to:  (i) determine the eligible persons to
whom, and the time or times at which Awards shall be granted; (ii) determine the
types of Awards to be granted; (iii) determine the number of shares to be
covered by or used for reference purposes for each Award; (iv) impose such
terms, limitations, restrictions and conditions upon any such Award as the
Administrator shall deem appropriate; (v) modify, amend, extend or renew
outstanding Awards, or accept the surrender of outstanding Awards and substitute
new Awards (provided however, that, except as provided in Section 7(d) of the
Plan, any modification that would materially adversely affect any outstanding
Award shall not be made without the consent of the holder); (vi) accelerate or
otherwise change the time in which an Award may be exercised or becomes payable
and to waive or accelerate the lapse, in whole or in part, of any restriction or
condition with respect to such Award, including, but not limited to, any
restriction or condition with respect to the vesting or exercisability of an
Award following termination of any grantee’s employment or other relationship
with the Company; and (vii) establish objectives and conditions, if any, for
earning Awards and determining whether Awards will be paid after the end of a
performance period.

     

     The
Administrator shall have full power and authority, in its sole and absolute
discretion, to administer and interpret the Plan and to adopt and interpret such
rules, regulations, agreements, guidelines and instruments for the
administration of the Plan and for the conduct of its business as the
Administrator deems necessary or advisable.

    

     

     (c) Non-Uniform
Determinations.  The Administrator’s determinations under the
Plan (including without limitation, determinations of the persons to receive
Awards, the form, amount and timing of such Awards, the terms and provisions of
such Awards and the Grant Agreements evidencing such Awards) need not be uniform
and may be made by the Administrator selectively among persons who receive, or
are eligible to receive, Awards under the Plan, whether or not such persons are
similarly situated.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     (d) Limited Liability. To the
maximum extent permitted by law, no member of the Administrator shall be liable
for any action taken or decision made in good faith relating to the Plan or any
Award thereunder.

    

     (e) Indemnification. To the
maximum extent permitted by law and by the Company's charter and by-laws, the
members of the Administrator shall be indemnified by the Company in respect of
all their activities under the Plan.

    

     (f) Effect of Administrator’s
Decision. All actions taken and decisions and determinations made by the
Administrator on all matters relating to the Plan pursuant to the powers vested
in it hereunder shall be in the Administrator’s sole and absolute discretion and
shall be conclusive and binding on all parties concerned, including, without
limitation, the Company, its stockholders, any participants in the Plan and any
other employee, consultant, or director of the Company, and their respective
successors in interest.

    

    

    4.
Shares Available for the Plan

     

    Subject
to adjustments as provided in Section 7(d) of the Plan, the shares of Common
Stock that may be issued with respect to Awards granted under the Plan shall not
exceed an aggregate of 20% of the issued and outstanding shares of Class A and
Class B Common Stock. The Company shall reserve such number of shares for Awards
under the Plan, subject to adjustments as provided in Section 7(d) of the
Plan.  If any Award, or portion of an Award, under the Plan expires or
terminates unexercised, becomes unexercisable or is forfeited or otherwise
terminated, surrendered or canceled as to any shares, or if any shares of Common
Stock are surrendered to the Company in connection with any Award (whether or
not such surrendered shares were acquired pursuant to any Award), or if any
shares are withheld by the Company, the shares subject to such Award and the
surrendered and withheld shares shall thereafter be available for further Awards
under the Plan; provided, however, that any such shares that are surrendered to
or withheld by the Company in connection with any Award or that are otherwise
forfeited after issuance shall not be available for purchase pursuant to
incentive stock options intended to qualify under Code section 422.

     

    5.
Participation

     

    Participation
in the Plan shall be open to all employees, officers, and directors of, and
other individuals providing bona fide services to or for, the Company, or of any
Affiliate of the Company, as may be selected by the Administrator from time to
time.  The Administrator may also grant Awards to individuals in
connection with hiring, retention or otherwise, prior to the date the individual
first performs services for the Company or an Affiliate provided that such
Awards shall not become vested prior to the date the individual first performs
such services.

     

    6.
Awards

     

    The
Administrator, in its sole discretion, establishes the terms of all Awards
granted under the Plan. Awards may be granted individually or in tandem with
other types of Awards.  

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    All
Awards are subject to the terms and conditions provided in the Grant
Agreement.  The Administrator may permit or require a recipient of an
Award to defer such individual’s receipt of the payment of cash or the delivery
of Common Stock that would otherwise be due to such individual by virtue of the
exercise of, payment of, or lapse or waiver of restrictions respecting, any
Award.  If any such payment deferral is required or permitted, the
Administrator shall, in its sole discretion, establish rules and procedures for
such payment deferrals.

     

    (a) Stock Options.  The
Administrator may from time to time grant to eligible participants Awards of
incentive stock options as that term is defined in Code section 422 or
nonqualified stock options; provided, however, that Awards of incentive stock
options shall be limited to employees of the Company or of any current or
hereafter existing “parent corporation” or “subsidiary corporation,” as defined
in Code sections 424(e) and (f), respectively, of the
Company.  Options intended to qualify as incentive stock options under
Code section 422 must have an exercise price at least equal to Fair Market Value
as of the date of grant, but nonqualified stock options may be granted with an
exercise price less than Fair Market Value.  No stock option shall be
an incentive stock option unless so designated by the Administrator at the time
of grant or in the Grant Agreement evidencing such stock option.

     

    (b) Stock Appreciation Rights.
The Administrator may from time to time grant to eligible participants
Awards of Stock Appreciation Rights (“SAR”). An SAR entitles the grantee to
receive, subject to the provisions of the Plan and the Grant Agreement, a
payment having an aggregate value equal to the product of (i) the excess of (A)
the Fair Market Value on the exercise date of one share of Common Stock over (B)
the base price per share specified in the Grant Agreement, times (ii) the number
of shares specified by the SAR, or portion thereof, which is exercised. Payment
by the Company of the amount receivable upon any exercise of an

    SAR may
be made by the delivery of Common Stock or cash, or any combination of Common
Stock and cash, as determined in the sole discretion of the Administrator. If
upon settlement of the exercise of an SAR a grantee is to receive a portion of
such payment in shares of Common Stock, the number of shares shall be determined
by dividing such portion by the Fair Market Value of a share of Common Stock on
the exercise date. No fractional shares shall be used for such payment and the
Administrator shall determine whether cash shall be given in lieu of such
fractional shares or whether such fractional shares shall be
eliminated.

    

      (c)
Stock Awards. The
Administrator may from time to time grant restricted or unrestricted stock
Awards to eligible participants in such amounts, on such terms and conditions,
and for such consideration, including no consideration or such minimum
consideration as may be required by law, as it shall determine.  A
stock Award may be paid in Common Stock, in cash, or in a combination of Common
Stock and cash, as determined in the sole discretion of the
Administrator.

     

     (d) Phantom Stock.  The
Administrator may from time to time grant Awards to eligible participants
denominated in stock-equivalent units (“phantom stock”) in such amounts and on
such terms and conditions as it shall determine.  Phantom stock units
granted to a participant shall be credited to a bookkeeping reserve account
solely for accounting purposes and shall not require a segregation of any of the
Company’s assets.  An Award of phantom stock may be settled in Common
Stock, in cash, or in a combination of Common Stock and cash, as determined in
the sole discretion of the Administrator. Except as otherwise provided in the
applicable Grant Agreement, the grantee shall not have the rights of a
stockholder with respect to any shares of Common Stock represented by a phantom
stock unit solely as a result of the grant of a phantom stock unit to the
grantee.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (e) Performance Awards. The
Administrator may, in its discretion, grant performance awards which become
payable on account of attainment of one or more performance goals established by
the Administrator.  Performance awards may be paid by the delivery of
Common Stock or cash, or any combination of Common Stock and cash, as determined
in the sole discretion of the Administrator.  Performance goals
established by the Administrator may be based on the Company’s or an Affiliate's
operating income or one or more other business criteria selected by the
Administrator that apply to an individual or group of individuals, a business
unit, or the Company or an Affiliate as a whole, over such performance period as
the Administrator may designate.

    

     (f) Other Stock-Based
Awards.  The Administrator may from time to time grant other
stock-based awards to eligible participants in such amounts, on such terms and
conditions, and for such consideration, including no consideration or such
minimum consideration as may be required by law, as it shall determine. Other
stock-based awards may be denominated in cash, in Common Stock or other
securities, in stock-equivalent units, in stock appreciation units, in
securities or debentures convertible into Common Stock, or in any combination of
the foregoing and may be paid in Common Stock or other securities, in cash, or
in a combination of Common Stock or other securities and cash, all as determined
in the sole discretion of the Administrator.

     

    7.
Miscellaneous

     

     (a) Withholding of Taxes.
Grantees and holders of Awards shall pay to the Company or its Affiliate, or
make provision satisfactory to the Administrator for payment of, any taxes
required to be withheld in respect of Awards under the Plan no later than the
date of the event creating the tax liability.  The Company or its
Affiliate may, to the extent permitted by law, deduct any such tax obligations
from any payment of any kind otherwise due to the grantee or holder of an
Award.  In the event that payment to the Company or its Affiliate of
such tax obligations is made in shares of Common Stock, such shares shall be
valued at Fair Market Value on the applicable date for such
purposes.

     

     (b) Loans. The Company or its
Affiliate may make or guarantee loans to grantees to assist grantees in
exercising Awards and satisfying any withholding tax obligations.

    

     (c) Transferability. Except as
otherwise determined by the Administrator, and in any event in the case of an
incentive stock option or a stock appreciation right granted with respect to an
incentive stock option, no Award granted under the Plan shall be transferable by
a grantee otherwise than by will or the laws of descent and distribution. Unless
otherwise determined by the Administrator in accord with the provisions of the
immediately preceding sentence, an Award may be exercised during the lifetime of
the grantee, only by the grantee or, during the period the grantee is under a
legal disability, by the grantee’s guardian or legal
representative.

    

    (d) Adjustments for Corporate
Transactions and Other Events.

    

        (i) Stock Dividend, Stock Split and
Reverse Stock Split. In the event of a stock dividend of, or stock split
or reverse stock split affecting, the Common Stock, (A) the maximum number of
shares of such Common Stock as to which Awards may be granted under this Plan
and the maximum number of shares with respect to which Awards may be granted
during any one fiscal year of the Company to any individual, as provided in
Section 4 of the Plan, and (B) the number of shares covered by and the exercise
price and other terms of outstanding Awards, shall, without further action of
the Board, be adjusted to reflect such event.  The Administrator may
make 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    adjustments,
in its discretion, to address the treatment of fractional shares and fractional
cents that arise with respect to outstanding Awards as a result of the stock
dividend, stock split or reverse stock split.

     

                   
(ii) Non-Change in Control
Transactions. Except with respect to the transactions set forth in
Section 7(d)(i), in the event of any change affecting the Common Stock, the
Company or its capitalization, by reason of a spin-off, split-up, dividend,
recapitalization, merger, consolidation or share exchange, other than any such
change that is part of a transaction resulting in a Change in Control, the
Administrator, in its discretion and without the consent of the holders of the
Awards, shall make (A) appropriate adjustments to the maximum number and kind of
shares reserved for issuance or with respect to which Awards may be granted
under the Plan, as provided in Section 4 of the Plan; and (B) any adjustments in
outstanding Awards, including but not limited to reducing the number, kind and
price of securities subject to Awards.

     

    (iii)
Change in Control
Transactions. In the event of any transaction resulting in a Change in
Control of the Company, outstanding stock options and SAR’s under this Plan will
terminate upon the effective time of such Change in Control unless provision is
made in connection with the transaction for the continuation or assumption of
such Awards by, or for the substitution of the equivalent awards of, the
surviving or successor entity or a parent thereof.  In the event of
such termination, the holders of stock options and SAR’s under the Plan will be
permitted, for a period of at least twenty days prior to the effective time of
the Change in Control, to exercise all portions of such Awards that are then
exercisable or which become exercisable upon or prior to the effective time of
the Change in Control;  provided, however, that any such exercise of
any portion of such an Award which becomes exercisable as a result of such
Change in Control shall be deemed to occur immediately prior to the effective
time of such Change in Control.

     

    (iv)
Pooling of Interests
Transactions. In connection with any business combination authorized by
the Board, the Administrator, in its sole discretion and without the consent of
the holders of the Awards, may make any modifications to any Awards, including
but not limited to cancellation, forfeiture, surrender or other termination of
the Awards, in whole or in part, regardless of the vested status of the Award,
but solely to the extent necessary to facilitate the compliance of such
transaction with requirements for treatment as a pooling of interests
transaction for accounting purposes under generally accepted accounting
principles.

     

    (v) Unusual or Nonrecurring Events.
The Administrator is authorized to make, in its discretion and without
the consent of holders of Awards, adjustments in the terms and conditions of,
and the criteria included in, Awards in recognition of unusual or nonrecurring
events affecting the Company, or the financial statements of the Company or any
Affiliate, or of changes in applicable laws, regulations, or accounting
principles, whenever the Administrator determines that such adjustments are
appropriate in order to prevent dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan.

     

     (e) Substitution of Awards in Mergers
and Acquisitions. Awards may be granted under the Plan from time to time
in substitution for Awards held by employees, officers, consultants or directors
of entities who become or are about to become employees, officers, consultants
or directors of the Company or an Affiliate as the result of a merger or
consolidation of the employing entity with 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    the
Company or an Affiliate, or the acquisition by the Company or an Affiliate of
the assets or stock of the employing entity.  The terms and conditions
of any substitute Awards so granted may vary from the terms and conditions set
forth herein to the extent that the Administrator deems appropriate at the time
of grant to conform the substitute Awards to the provisions of the awards for
which they are substituted.

     

     (f) Stock Restriction Agreement and
Voting Trust. As a condition precedent to the grant of any Award under
the Plan, the exercise pursuant to such an Award, or to the delivery of
certificates for shares issued pursuant to any Award, the Administrator may
require the grantee or the grantee’s successor or permitted transferee, as the
case may be, to become a party to a Stock Restriction Agreement of the Company
and/or a Voting Trust Agreement in such form(s) as the Administrator may
determine from time to time.

    

     (g) Compliance with Securities Laws;
Listing and Registration. If at any time the Administrator determines
that the delivery of Common Stock under the Plan is or may be unlawful under the
laws of any applicable jurisdiction, or federal or state securities laws, the
right to exercise an Award or receive shares of Common Stock pursuant to an
Award shall be suspended until the Administrator determines that such delivery
is lawful. The Company shall have no obligation to effect any registration or
qualification of the Common Stock under federal or state laws.

     

     The
Company may require that a grantee, as a condition to exercise of an Award, and
as a condition to the delivery of any share certificate, make such written
representations (including representations to the effect that such person will
not dispose of the Common Stock so acquired in violation of federal or state
securities laws) and furnish such information as may, in the opinion of counsel
for the Company, be appropriate to permit the Company to issue the Common Stock
in compliance with applicable federal and state securities laws.  The
stock certificates for any shares of Common Stock issued pursuant to this Plan
may bear a legend restricting transferability of the shares of Common Stock
unless such shares are registered or an exemption from registration is available
under the Securities Act of 1933, as amended, and applicable state securities
laws.

    

     (h) Termination, Amendment and
Modification of the Plan. The Board may terminate, amend or modify the
Plan or any portion thereof at any time.

     

     (i) Non-Guarantee of Employment or
Service. Nothing in the Plan or in any Grant Agreement thereunder shall
confer any right on an individual to continue in the service of the Company or
shall interfere in any way with the right of the Company to terminate such
service at any time with or without cause or notice.

    

     (j) Compliance with Securities Laws;
Listing and Registration. If at any time the Administrator determines
that the delivery of Common Stock under the Plan is or may be unlawful under the
laws of any applicable jurisdiction, or federal or state securities laws, the
right to exercise an Award or receive shares of Common Stock pursuant to an
Award shall be suspended until the Administrator determines that such delivery
is lawful. The Company shall have no obligation to effect any registration or
qualification of the Common Stock under federal or state laws.

     

           
The Company may require that a grantee, as a condition to exercise of an Award,
and as a condition to the delivery of any share certificate, make such written
representations (including representations to the effect that such person will
not dispose of the Common Stock so acquired in violation of federal or state
securities laws) and furnish such information as may, in the opinion of counsel
for the Company, be appropriate to permit the Company to issue the Common Stock
in compliance with applicable federal and state securities laws.  The
stock certificates for any shares 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    of Common
Stock issued pursuant to this Plan may bear a legend restricting transferability
of the shares of Common Stock unless such shares are registered or an exemption
from registration is available under the Securities Act of 1933, as amended, and
applicable state securities laws.

     

     (k) No Trust or Fund Created.
Neither the Plan nor any Award shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company and a
grantee or any other person. To the extent that any grantee or other person
acquires a right to receive payments from the Company pursuant to an Award, such
right shall be no greater than the right of any unsecured general creditor of
the Company.

    

     (l) Governing Law. The validity,
construction and effect of the Plan, of Grant Agreements entered into pursuant
to the Plan, and of any rules, regulations, determinations or decisions made by
the Administrator relating to the Plan or such Grant Agreements, and the rights
of any and all persons having or claiming to have any interest therein or
thereunder, shall be determined exclusively in accordance with applicable
federal laws and the laws of the State of Delaware, without regard to its
conflict of laws principles.

    

     (m) Effective Date; Termination
Date. The Plan is effective as of the date on which the Plan is adopted
by the Board, subject to approval of the stockholders within twelve months
before or after such date. No Award shall be granted under the Plan after the
close of business on the day immediately preceding the tenth anniversary of the
effective date of the Plan, or if earlier, the tenth anniversary of the date
this Plan is approved by the stockholders.  Subject to other
applicable provisions of the Plan, all Awards made under the Plan prior to such
termination of the Plan shall remain in effect until such Awards have been
satisfied or terminated in accordance with the Plan and the terms of such
Awards.

    

    Date
Approved by the Board:  October 19, 2007

     

    Date
Approved by the Stockholders:  January 25,
2008

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    APPENDIX A PROVISIONS FOR
CALIFORNIA RESIDENTS

     

    With
respect to Awards granted to California residents prior to a public offering of
capital stock of the Company that is effected pursuant to a registration
statement filed with, and declared effective by, the Securities and Exchange
Commission under the Securities Act of 1933 and only to the extent required by
applicable law, the following provisions shall apply notwithstanding anything in
the Plan or a Grant Agreement to the contrary:

     

    1. No such persons shall be
entitled to receive Awards in the form of any stock appreciation rights or
phantom stock.

     

    2. With respect to any Award
granted in the form of a stock option pursuant to Section 6(a) of the
Plan:

    

    (a) The
options shall be non-transferable other than by will, by the laws of descent and
distribution, by instrument to an inter vivos or testamentary trust in which the
options are to be passed to beneficiaries upon the death of the trustor
(settlor), or by gift to “immediate family” as that term is defined in 17 C.F.R.
240.16a-1(e).

    

    (b) The
Award recipient shall have the right to exercise at the rate of at least 20% per
year over 5 years from the date the option is granted, subject to reasonable
conditions such as continued employment. However, if an option is granted to
officers, directors, or consultants of the Company or the issuer of the
underlying security or any of its affiliates, the option may become fully
exercisable, subject to reasonable conditions such as continued employment, at
any time or during any period established by the issuer of the option or the
issuer of the underlying security or any of its affiliates.

    

    (c)
Unless employment is terminated for “cause” as defined by applicable law, the
terms of the Plan or Grant Agreement or a contract of employment, the right to
exercise the option in the event of termination of employment, to the extent
that the Award recipient is otherwise entitled to exercise on the date
employment terminates, will be as follows:

    

    (1) At
least 6 months from the date of termination if termination was caused by death
or disability.

    

    (2) At
least 30 days from the date of termination if termination was caused by other
than death or disability.

    

    3. The Company’s shareholders
must approve the Plan within 12 months before or after the date the Plan is
adopted. Any option exercised before shareholder approval is obtained must be
rescinded if shareholder approval is not obtained within 12 months before or
after the Plan is adopted.  Such shares shall not be counted in
determining whether such approval is obtained.

    

    4. The Plan is intended to
comply with Section 25102(o) of the California Corporations Code.  Any
provision of this Plan which is inconsistent with Section 25102(o), including
without limitation any provision of this Plan that is more restrictive than
would be permitted by Section 25102(o) as amended from time to time, shall,
without further act or amendment by the Board, be reformed to comply with the
provisions of Section 25102(o).  If at any time the Administrator
determines that the delivery of Common Stock under the Plan is or may be
unlawful under the laws of any applicable jurisdiction, or federal or state
securities laws, the right to exercise an Award or receive shares of Common
Stock pursuant to an Award shall be suspended until the Administrator determines
that such delivery is lawful.  The Company shall have no obligation to
effect any registration or qualification of the Common Stock under federal or
state laws.

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