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                                                                    EXHIBIT 10.6

                       ADVANCED THERMAL TECHNOLOGIES, INC.

                          EMPLOYEE STOCK PURCHASE PLAN

SECTION 1. PURPOSE OF PLAN

         The Advanced Thermal Technologies, Inc. Employee Stock Purchase Plan
(the "PLAN") is intended to provide a method by which eligible employees of
Advanced Thermal Technologies, Inc. ("ATT") and of such of ATT's subsidiaries as
ATT's Board of Directors (the "BOARD OF DIRECTORS") may from time to time
designate (such subsidiaries, together with ATT, being hereinafter referred to
as the "COMPANY") may use voluntary, systematic payroll deductions to purchase
shares of the Common Stock of ATT (the "STOCK") and thereby acquire an interest
in the future of the Company. For purposes of the Plan, a "subsidiary" is any
corporation in which ATT owns, directly or indirectly, stock possessing 50% or
more of the total combined voting power of all classes of stock.

SECTION 2. OPTIONS TO PURCHASE STOCK

         Under the Plan, there is available an aggregate of not more than
150,000 shares of Stock (subject to adjustment as provided in Section 15) for
sale pursuant to the exercise of options ("OPTIONS") granted under the Plan to
employees of the Company ("Employees") who meet the eligibility requirements set
forth in Section 3 hereof ("Eligible Employees"). The Stock to be delivered upon
exercise of Options under the Plan may be either shares of authorized but
unissued Stock or shares of reacquired Stock, as the Board of Directors may
determine.

SECTION 3. ELIGIBLE EMPLOYEES

         Except as otherwise provided below, each individual who is an Employee
of the Company, who has a customary working schedule of at least 20 hours per
week, and who has been an Employee for at least 90 days will be eligible to
participate in the Plan.

         (a) Any Employee who immediately after the grant of an option to him
would (in accordance with the provisions of Sections 423 and 424(d) of the
Internal Revenue Code of 1986, as amended (the "Code")) own stock possessing 5%
or more of the total combined voting power or value of all classes of stock of
the employer corporation or of its parent or subsidiary corporations, as defined
in Section 424 of the Code, will not be eligible to receive an option to
purchase stock pursuant to the Plan.

         (b) No Employee will be granted an option under the Plan which would
permit his or her rights to purchase shares of stock under all employee stock
purchase plans of the Company and parent and subsidiary corporations to accrue
at a rate which exceeds $25,000 in fair market value of such stock (determined
at the time the option is granted) for each calendar year during which any such
Option granted to such Employee is outstanding at any time, as provided in
Sections 423 and 424(d) of the Code.

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SECTION 4. METHOD OF PARTICIPATION

         Each of the periods during which this Plan remains in effect is
hereinafter referred to as an "OPTION PERIOD". Option Periods shall be of
six-months duration, commencing on September 1 and March 1 of each year and
expiring on the last day of February and August respectively. Each person who
will be an Eligible Employee on the first day of an Option Period may elect to
participate in the Plan by executing and delivering, at least 15 days prior to
such day, a payroll deduction authorization in accordance with Section 5. Such
Employee will thereby become a participant ("PARTICIPANT") for such Option
Period and for each subsequent consecutive Option Period, subject to Section 5
below.

SECTION 5. PAYROLL DEDUCTION

         The payroll deduction authorization will request withholding at a rate
(in whole percentages) of not less than 2% nor more than 15% from the
Participant's Compensation by means of substantially equal payroll deductions
over the Option Period. The payroll deduction authorization will remain in
effect for consecutive subsequent Option Periods unless changed or revoked by
the Participant pursuant to this Section 5. For purposes of the Plan,
"COMPENSATION" will mean all compensation paid to the Participant by the Company
and currently includible in his or her income, including bonuses, commissions
and other amounts includible in the definition of compensation provided in the
Treasury Regulations promulgated under Section 415 of the Code, plus any amount
that would be so included but for the fact that it was contributed to a
qualified plan pursuant to an elective deferral under Section 401(k) of the Code
or contributed under a salary reduction agreement pursuant to Section 125 of the
Code, but not including payments under stock option plans and other employee
benefit plans or any other amounts excluded from the definition of compensation
provided in the Treasury Regulations under Section 415 of the Code. A
Participant may reduce the withholding rate of his or her payroll deduction
authorization by one or more whole percentage points (but not to below 2%) at
any time during an Option Period by delivering written notice to the Company,
such reduction to take effect prospectively as soon as practicable following
receipt of such notice by the Company. A Participant may increase or reduce the
withholding rate of his or her payroll deduction authorization for a future
Option Period, or cease participation entirely for a future Option Period, by
written notice delivered to the Company at least 15 days prior to the first day
of the Option Period as to which the change is to be effective. All amounts
withheld in accordance with a Participant's payroll deduction authorization will
be credited to a withholding account for such Participant. Notwithstanding the
foregoing, in the event the payroll deductions for a calendar year exceed the
amounts set forth in Section 3(b), the participant's payroll deduction amount
may be automatically reduced to zero.

SECTION 6. GRANT OF OPTIONS

         Each person who is a Participant on the first day of an Option Period
will as of such day be granted an Option for such Period. Such Option will be
for the number of whole shares (not in excess of the share maximum as
hereinafter defined) of Stock to be determined by dividing (i) the balance in
the Participant's withholding account on the last day of the Option

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Period, by (ii) the purchase price per share of the Stock determined under
Section 7. For purposes of the preceding sentence, the share maximum with
respect to any Option for any Option Period shall be the largest whole number of
shares which, when multiplied by the fair market value of a share of Stock at
the beginning of the Option Period, produces a dollar amount of $12,500 or less.
The number of shares of Stock receivable by each Participant upon exercise of
his or her Option for an Option Period will be reduced, on a substantially
proportionate basis, in the event that the number of shares then available under
the Plan is otherwise insufficient.

SECTION 7. PURCHASE PRICE

         The purchase price of Stock issued pursuant to the exercise of an
Option will be 85% of the fair market value of the Stock at (a) the time of
grant of the Option or (b) the time at which the Option is deemed exercised,
whichever is less. Fair market value on any given day will mean the Closing
Price of the Stock on such day (or, if there was no Closing Price on such day,
the latest day prior thereto on which there was a Closing Price). The "Closing
Price" of the Stock on any business day will be the last sale price as reported
on the principal market on which the Stock is traded or, if no last sale is
reported, then the mean between the highest bid and lowest asked prices on that
day. A good faith determination by the Board of Directors as to fair market
value shall be final and binding.

SECTION 8. EXERCISE OF OPTIONS

         Each Employee who is a Participant in the Plan on the last day of an
Option Period will be deemed to have exercised on the last day of the Option
Period the Option granted to him or her for that Option Period. Upon such
exercise, the balance of the Participant's withholding account will be applied
to the purchase of the number of whole shares of Stock determined under Section
6 and as soon as practicable thereafter certificates for said shares will be
issued and delivered to the Participant. In the event that the balance of the
Participant's withholding account following an Option Period is in excess of the
total purchase price of the shares so issued, the balance of the account shall
be returned to the Participant; provided, however, that if the balance left in
the account consists solely of an amount equal to the value of a fractional
share it will be retained in the withholding account and carried over to the
next Option Period. The entire balance of the Participant's withholding account
following the final Option Period shall be returned to the Participant. No
fractional shares will be issued hereunder.

         Notwithstanding anything herein to the contrary, ATT's obligation to
issue and deliver shares of Stock under the Plan is subject to the approval
required of any governmental authority in connection with the authorization,
issuance, sale or transfer of said shares, to any requirements of any national
securities exchange applicable thereto, and to compliance by the Company with
other applicable legal requirements in effect from time to time, including
without limitation any applicable tax withholding requirements.

SECTION 9. INTEREST

         No interest will be payable on withholding accounts.

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SECTION 10. CANCELLATION AND WITHDRAWAL

         A Participant who holds an Option under the Plan may at any time prior
to exercise thereof under Section 8 cancel such Option as to all (but not less
than all) the Shares subject or to be subject to such Option by written notice
delivered to the Company. Upon such cancellation, the balance in his or her
withholding account will be returned to him.

         A Participant may terminate his or her payroll deduction authorization
as of any date by written notice delivered to the Company and will thereby cease
to be a Participant as of such date. Any Participant who voluntarily terminates
his or her payroll deduction authorization prior to the last business day of an
Option Period will be deemed to have cancelled his or her Option.

         Any Participant who cancels an Option or terminates his or her payroll
deduction authorization may as of the beginning of a subsequent Option Period
again become a Participant in accordance with Section 4; provided, however, that
any such Participant who is at the time subject to the provisions of Section 16
of the Securities Exchange Act of 1934, as amended (the "1934 Act"), may not
again become a Participant until at least six months have elapsed after the date
on which he or she ceased to be a Participant.

SECTION 11. TERMINATION OF EMPLOYMENT

         Subject to Section 12, upon the termination of a Participant's service
with the Company for any reason, he or she will cease to be a Participant, and
any Option held by such Participant under the Plan will be deemed cancelled, the
balance of his or her withholding account will be returned to him or her, and he
or she will have no further rights under the Plan. Notwithstanding the
foregoing, in the event that an Employee ceases to be a Participant either (a)
as a result of the sale or other disposition by the Company of substantially all
of the assets used by the division of the Company in which the Participant was
employed, or (b) by reason of a sale or other disposition by the Company of its
interest in a subsidiary by which the Participant was employed, such Employee
will no longer be eligible to make any additional contributions as of the date
of cessation of employment ("CESSATION DATE"); provided, however, that unless
the Participant cancels the Option pursuant to Section 10 hereof, the balance of
the Participant's withholding account shall be applied to the purchase of
shares, in accordance with Section 8 hereof, on the last day of the Option
Period immediately following his or her Cessation Date if and only if the last
day of such Option Period occurs no later than ninety (90) days from his or her
Cessation Date. If, however, the last day of the subsequent Option Period occurs
more than ninety (90) days after the Participant's Cessation Date, then his or
her withholding account will be returned to him or her, and he or she will have
no further rights under the Plan.

SECTION 12. DEATH OF PARTICIPANT

         A Participant may file a written designation of beneficiary specifying
who is to receive any Stock and/or cash credited to the Participant under the
Plan in the event of the Participant's death, which designation will also
provide for the election by the Participant of either (i) cancellation of the
Participant's Option upon his or her death, as provided in Section 10 or (ii)
application as of the last day of the Option Period of the balance of the
deceased

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Participant's withholding account at the time of death to the exercise of his or
her Option, pursuant to Section 8 of the Plan. In the absence of a valid
election otherwise, the death of a Participant will be deemed to effect a
cancellation of his or her Option. A designation of beneficiary and election may
be changed by the Participant at any time, by written notice. In the event of
the death of a Participant and receipt by ATT of proof of the identity and
existence at the Participant's death of a beneficiary validly designated by him
or her under the Plan, ATT will deliver to such beneficiary such Stock and/or
cash to which the beneficiary is entitled under the Plan. Where the Participant
has elected option (ii) above but there is no surviving designated beneficiary,
ATT will deliver such Stock and/or cash to the executor or administrator of the
estate of the Participant. No beneficiary will, prior to the death of the
Participant by whom he or she has been designated, acquire any interest in any
Stock or cash credited to the Participant under the Plan.

SECTION 13. PARTICIPANT'S RIGHTS NOT TRANSFERABLE

         All Participants will have the same rights and privileges under the
Plan. Each Participant's rights and privileges under any Option may be
exercisable during his or her lifetime only by him or her, and may not be sold,
pledged, assigned, or transferred in any manner. In the event any Participant
violates the terms of this Section, any Option held by him or her may be
terminated by the Company and upon return to the Participant of the balance of
his or her withholding account, all his or her rights under the Plan will
terminate.

SECTION 14. EMPLOYMENT RIGHTS

         Nothing contained in the provisions of the Plan will be construed to
give to any Employee the right to be retained in the employ of the Company or to
interfere with the right of the Company to discharge any Employee at any time.
The loss of existing or potential profit in Options will not constitute an
element of damages in the event of termination of employment for any reason,
even if the termination is in violation of an obligation to the Participant.

SECTION 15. CHANGE IN CAPITALIZATION

         In the event of any change in the outstanding Stock of ATT by reason of
a stock dividend, split-up, recapitalization, merger, consolidation,
reorganization, or other capital change, after the effective date of this Plan,
the aggregate number of shares available under the Plan, the number of shares
under Options granted but not exercised, and the Option price will be
appropriately adjusted.

SECTION 16. ADMINISTRATION OF PLAN

         The Plan will be administered by the Benefits Committee of the Board of
Directors, which will have the right to determine any questions which may arise
regarding the interpretation and application of the provisions of the Plan and
to make, administer, and interpret such rules and regulations as it deems
necessary or advisable. The Benefits Committee's determinations hereunder shall
be final and binding.

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SECTION 17. AMENDMENT AND TERMINATION OF PLAN

         ATT reserves the right at any time or times to amend the Plan to any
extent and in any manner it may deem advisable by vote of the Board of
Directors; provided, however, that any amendment relating to the aggregate
number of shares which may be issued under the Plan (other than an adjustment
provided for in Section 15) or to the Employees (or class of Employees) eligible
to receive Options under the Plan will have no force or effect unless it is
approved by the shareholders within twelve months before or after its adoption.

         The Plan shall terminate automatically following the end of the second
Option Period beginning in 2010; provided, however, that the Board of Directors
in its discretion may extend the Plan for one or more Option Periods. The Plan
may be earlier suspended or terminated by the Board of Directors, but no such
suspension or termination will adversely affect the rights and privileges of
holders of outstanding Options. The Plan will terminate in any case when all or
substantially all the Stock reserved for the purposes of the Plan has been
purchased.

         SECTION 18. APPROVAL OF SHAREHOLDERS

         The Plan is subject to the approval of the shareholders of ATT, which
approval was secured on July 14, 2000, which date was within twelve months after
the date the Plan was adopted by the Board of Directors.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed on
its behalf the 14th day of July, 2000.

                                           ADVANCED THERMAL TECHNOLOGIES, INC.

                                           By:
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                                                                    EXHIBIT 10.7

                       ADVANCED THERMAL TECHNOLOGIES, INC.

                          DIRECTORS' STOCK OPTION PLAN

       1.     PURPOSE

       The purpose of this Directors' Stock Option Plan (the "PLAN") is to
advance the interests of Advanced Thermal Technologies, Inc. (the "COMPANY") by
enhancing the ability of the Company to attract and retain non-employee
directors who are in a position to make significant contributions to the success
of the Company and to reward directors for such contributions through ownership
of shares of the Company's common stock (the "STOCK").

       2.     ADMINISTRATION

       The Plan shall be administered by a committee (the "COMMITTEE") of the
Board of Directors (the "BOARD") of the Company designated by the Board for that
purpose. Unless and until a Committee is appointed the Plan shall be
administered by the entire Board, and references in the Plan to the "Committee"
shall be deemed references to the Board. The Committee shall have authority, not
inconsistent with the express provisions of the Plan, (a) to grant options in
accordance with the Plan to such directors as are eligible to receive options;
(b) to prescribe the form or forms of instruments evidencing options and any
other instruments required under the Plan and to change such forms from time to
time; (c) to adopt, amend and rescind rules and regulations for the
administration of the Plan; and (d) to interpret the Plan and to decide any
questions and settle all controversies and disputes that may arise in connection
with the Plan. Such determinations of the Committee shall be conclusive and
shall bind all parties. Subject to Section 8, the Committee shall also have the
authority, both generally and in particular instances, to waive compliance by a
director with any obligation to be performed by him or her under an option and
to waive any condition or provision of an option.

       3.     EFFECTIVE DATE AND TERM OF PLAN

       The Plan shall become effective on July 14, 2000, the date on which the
Plan was adopted by the Board of Directors of the Company and approved by the
shareholders of the Company (the "Effective Date"). No option shall be granted
under the Plan after the completion of ten years from the date on which the Plan
was adopted by the Board, but options previously granted may extend beyond that
date.

       4.     SHARES SUBJECT TO THE PLAN

       (a)   Number of Shares. Subject to adjustment as provided in Section
4(c), the aggregate number of shares of Stock that may be delivered upon the
exercise of options granted under the Plan shall be 300,000. If any option
granted under the Plan terminates without having been exercised in full, the
number of shares of Stock as to which such option was not exercised shall be
available for future grants within the limits set forth in this Section 4(a).

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       (b)   Shares to Be Delivered. Shares delivered under the Plan shall be
authorized but unissued Stock or, if the Board so decides in its sole
discretion, previously issued Stock acquired by the Company and held in
treasury. No fractional shares of Stock shall be delivered under the Plan.

       (c)   Changes in Stock. In the event of a stock dividend, stock split or
combination of shares, recapitalization or other change in the Company's capital
stock, the number and kind of shares of stock or securities of the Company
subject to options then outstanding or subsequently granted under the Plan, the
maximum number of shares of Stock or securities that may be delivered under the
Plan, the exercise price, and other relevant provisions shall be appropriately
adjusted by the Committee, whose determination shall be binding on all persons.

       5.     ELIGIBILITY FOR OPTIONS

       Directors eligible to receive options under the Plan ("ELIGIBLE
DIRECTORS") shall be any director who is not an employee of the Company and who
is not a participant under the 2000 Stock Option Plan, as from time to time in
effect.

       6.     TERMS AND CONDITIONS OF OPTIONS

       (a)   Number of Options. Each Eligible Director shall be awarded an
option covering 5,000 shares of Stock on January 2, 2001 and on each January 2nd
thereafter; provided such individual is then an Eligible Director. In addition,
each Eligible Director, excluding those who are directors on the date of
adoption of the Plan, shall be awarded an initial grant covering 25,000 shares
of Stock on the date of his or her first election.

       (b)   Exercise Price. The exercise price of each option shall be 100% of
the fair market value per share of the Stock at the time the option in granted,
but not less, in the case of an original issue of authorized stock, than par
value per share. For this purpose, "fair market value" shall have the same
meaning as it does in the provisions of the Internal Revenue Code of 1986, as
amended (the "CODE") and the regulations thereunder applicable to incentive
options.

       (c)   Duration of Options. The latest date on which an option may be
exercised (the "FINAL EXERCISE DATE") shall be the date which is ten years from
the date the option was granted.

       (d)   Exercise of Options.

       (1)    Each option shall vest and become exercisable for 25% of the total
              number of shares subject to the option on each of the first,
              second, third and fourth anniversaries of the date of grant.

       (2)    Any exercise of an option shall be in writing, signed by the
              proper person and delivered or mailed to the Company, accompanied
              by (a) the option certificate and any other documents required by
              the Committee and (b) payment in full for the number of shares for
              which the option is exercised.

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       (3)    To the extent the Company must satisfy any federal, state or local
              withholding tax requirement in connection with an individual
              exercising an option, upon such exercise the Company will hold
              back from the transfer Stock having a value calculated to satisfy
              such withholding obligation.

       (4)    If an option is exercised by the executor or administrator of a
              deceased director, or by the person or persons to whom the option
              has been transferred by the director's will or the applicable laws
              of descent and distribution, the Company shall be under no
              obligation to deliver Stock pursuant to such exercise until the
              Company is satisfied as to the authority of the person or persons
              exercising the option.

       (e)   Payment for and Delivery of Stock. Stock purchased under the Plan
shall be paid for as follows: (i) in cash or by check (acceptable to the Company
in accordance with guidelines established for this purpose), wire transfer, bank
draft or money order payable to the order of the Company or (ii) if so permitted
by the original terms of the option or by the Committee after grant of the
option, (A) through the delivery of shares of Stock (which, in the case of
shares of Stock acquired from the Company, have been outstanding for at least
six months) having a fair market value on the last business day preceding the
date of exercise equal to the purchase price or (B) by having the Company hold
back from the shares transferred upon exercise Stock having a fair market value
on the last business day preceding the date of exercise equal to the purchase
price or (C) by delivery of an unconditional and irrevocable undertaking by a
broker to deliver promptly to the Company sufficient funds to pay the exercise
price or (D) by any combination of the permissible forms of payment; provided
that if the Stock delivered upon exercise of the option is an original issue of
authorized Stock, at least so much of the exercise price as represents the par
value of such Stock shall be paid other than with a personal check of the option
holder.

       An option holder shall not have the rights of a shareholder with regard
to awards under the Plan except as to Stock actually received by him or her
under the Plan.

       The Company shall not be obligated to deliver any shares of Stock (x)
until, in the opinion of the Company's counsel, all applicable federal and state
laws and regulations have been complied with, and (y) if the outstanding Stock
is at the time listed on any stock exchange, until the shares to be delivered
have been listed or authorized to be listed on such exchange upon official
notice of issuance, and (z) until all other legal matters in connection with the
issuance and delivery of such shares have been approved by the Company's
counsel. If the sale of Stock has not been registered under the Securities Act
of 1933, as amended, the Company may require, as a condition to exercise the
option, such representations or agreements as counsel for the Company may
consider appropriate to avoid violation of such Act and may require that the
certificates evidencing such Stock bear an appropriate legend restricting
transfer.

       (f)   Nontransferability of Options. No option may be transferred other
than by will or by the laws of descent and distribution, and during a director's
lifetime an option may be exercised only by him or her.

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       (g)   Death. Upon the death of any Eligible Director granted options
under this Plan, all options not then exercisable shall terminate. All options
held by the director that are exercisable immediately prior to death may be
exercised by his or her executor or administrator, or by the person or persons
to whom the option is transferred by will or the applicable laws of descent and
distribution, at any time within six months after the director's death (subject,
however, to the limitations of Section 6(c) regarding the maximum exercise
period for such option). After completion of that six-month period, such options
shall terminate to the extent not previously exercised.

       (h)   Other Termination of Status of Director. If a non-employee
director's service with the Company terminates for any reason other than death,
all options held by the director that are not then exercisable shall terminate.
Options that are exercisable on the date of termination shall continue to be
exercisable for a period of three months (subject to Section 6(c)), but shall
terminate immediately in the event of such director's fraud or intentional
misrepresentation embezzlement, misappropriation or conversion of assets or
opportunities. After completion of that three-month period, such options shall
terminate to the extent not previously exercised, expired or terminated.

       (i)   Mergers, etc. Subject to Section 7, in the event of any merger or
consolidation involving the Company, any sale of substantially all of the
Company's assets or a dissolution or liquidation of the Company, all options
hereunder will terminate, but at least 20 days prior to the effective date of
any such merger, sale, dissolution, or liquidation, the Committee shall make all
options outstanding hereunder immediately exercisable, provided that, unless the
event will give rise to a Change of Control (as hereinafter defined) or it is
anticipated that a Change of Control will coincide with or follow the event, the
Committee may instead arrange that the successor or surviving corporation, if
any, grant replacement options.

       7.     CHANGE OF CONTROL

       Notwithstanding any other provision of this Plan, in the event of a
Change of Control of the Company as defined in Exhibit A hereto each option held
by each Eligible Director will immediately become fully exercisable.

       8.     EFFECT, DISCONTINUANCE, CANCELLATION, AMENDMENT, TERMINATION AND
              EFFECTIVENESS

       Neither adoption of the Plan nor the grant of options to a director shall
affect the Company's right to grant to such director options that are not
subject to the Plan, to issue to such directors Stock as a bonus or otherwise,
or to adopt other plans or arrangements under which Stock may be issued to
directors.

       The Committee may at any time discontinue granting options under the
Plan. The Committee may at any time or times amend the Plan for the purpose of
satisfying any changes in applicable laws or regulations or for any other
purpose which may at the time be permitted by law, or may at any time terminate
the Plan as to any further grants of options, provided that

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(except to the extent expressly required or permitted hereinabove) no such
amendment shall, without the approval of the shareholders of the Company, (a)
increase the maximum number of shares available under the Plan, (b) increase the
number of options granted to Eligible Directors, (c) amend the definition of
Eligible Director so as to enlarge the group of directors eligible to receive
options under the Plan, (d) reduce the price at which options may be granted,
(e) change or extend the times at which options may be granted, or (f) amend the
provisions of this Section 8, and no such amendment shall adversely affect the
rights of any director (without his or her consent) under any option previously
granted.

       Notwithstanding any other provision of this Plan, (A) the Plan may not be
changed more than once every six months, except to comply with the provisions of
the Code, the Employee Retirement Security Act or the rules promulgated
thereunder.

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                                                                       EXHIBIT A

       A "CHANGE IN CONTROL" shall be deemed to have occurred when:

              (A)    Any Person is or becomes the "beneficial owner" (as defined
                     in Rule 13d-3 of the Securities Exchange Act of 1934 (the
                     "EXCHANGE ACT"), whether or not the Company is then subject
                     to the terms of the Exchange Act), directly or indirectly,
                     of securities of the Company representing fifty (50%)
                     percent or more of the combined voting power of the
                     Company's then-outstanding securities; or

              (B)    The individuals who were directors on the Effective Date,
                     or any director whose appointment or election by the Board
                     or nomination for election by the Company's shareholders
                     was approved or recommended by a vote of at least
                     two-thirds (2/3) of the directors then in office, who
                     either were directors as of the Effective Date or whose
                     appointment, election or nomination for election was
                     previously so approved or recommended (other than a
                     director whose initial assumption of office is in
                     connection with an actual or threatened election contest,
                     including, but not limited to, a consent solicitation,
                     relating to the election of directors of the Company) cease
                     for any reason to constitute a majority of the directors
                     then serving on the Company's board of directors; or

              (C)    There is consummated a merger or consolidation of the
                     Company, other than (x) a merger or consolidation which
                     would result in the voting securities of the Company
                     outstanding immediately prior to such merger or
                     consolidation continuing to represent (either by remaining
                     outstanding or by being converted into voting securities of
                     the surviving entity or any parent thereof), in combination
                     with the ownership of any trustee or other fiduciary
                     holding securities under an employee benefit plan of the
                     Company or any subsidiary, at least fifty percent (50%) of
                     the combined voting power of the securities of the Company
                     or such surviving entity, or any parent thereof,
                     outstanding immediately after such merger or consolidation,
                     or (y) a merger or consolidation effected to implement a
                     recapitalization of the Company (or similar transaction) in
                     which no Person is or becomes the beneficial owner,
                     directly or indirectly, of the Company's securities
                     (excluding any securities acquired directly from the
                     Company or its affiliates other than in connection with the
                     acquisition by the Company or its affiliates of a business)
                     representing twenty percent (20%) or more of the combined
                     voting power of the Company's then outstanding securities;
                     or

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              (D)    The shareholders of the Company approve a plan of complete
                     liquidation or dissolution of the Company or there is
                     consummated an agreement for the sale or disposition by the
                     Company of all or substantially all of the Company's
                     assets, other than a sale or disposition by the Company of
                     all or substantially all of the Company's assets to an
                     entity, at least fifty percent (50%) of the combined voting
                     power of the voting securities of which are owned by
                     shareholders of the Company in substantially the same
                     proportions as their ownership of the Company immediately
                     prior to such sale.

       For purposes of the above, "Person" shall mean any person, entity or
       "group" within the meaning of Section 13(d)(3) or Section 14(d)(2) of the
       Exchange Act, except that such term shall not include (i) the Company or
       any of its subsidiaries, (ii) a trustee or other fiduciary holding
       securities under an employee benefit plan of the Company or any of its
       subsidiaries, (iii) an underwriter temporarily holding securities
       pursuant to an offering of such securities, or (iv) a corporation owned,
       directly or indirectly, by the shareholders of the Company in
       substantially the same proportions as their ownership of stock of the
       Company;

                                      A-2

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