Document:

Exhibit 10.1

DTLL

April 6, 2006

Thomas Schrade
President
Board of Directors                                                VIA E-MAIL
GRAND SIERRA RESORT CORP.                                         CERTIFIED MAIL
3468 Rice Street
Vadnais Heights MN 55126

RE:   Proposed Transaction

Dear Mr Schrade and Members of the Board,

This letter is in response to your letter dated April 4, 2006.

Please be advised that DTLL, Inc did not receive a copy of the letter from Grand
Sierra Resorts Corp. dated March 17, 2006 until April 5, 2006.

This is to confirm that we will provide the  information  you have  requested in
your  letter,  in addition to  financing  commitments,  sufficient  to close the
transaction,  as  previously  provided to you at the meeting in  Minneapolis  on
March 7, 2006.

This is to advise you that DTLL,  Inc has extended the offer to the Grand Sierra
Resorts Corporation shareholders until 5 pm EST May 9th, 2006.

Sincerely,

Dual Cooper
President

                    Destination Travel Leisure International
            1650 West 82nd Street, Suite 1200, Bloomington, MN 55431Unassociated Document

    Exhibit
      10.3

    

    TASKPORT,
      INC.

    

    2005
      STOCK OPTION PLAN

    

    1. Purposes
      of the Plan.
      The
      purposes of this Stock Option Plan are to attract and retain the best available
      personnel for positions of substantial responsibility, to provide additional
      incentive to Employees, Directors and Consultants and to promote the success
      of
      the Company's business. Options granted under the Plan may be Incentive Stock
      Options or Nonstatutory Stock Options, as determined by the Administrator at
      the
      time of grant.

    

    2. Definitions.
      As used
      herein, the following definitions shall apply:

    

    (a) "Administrator"
      means
      the Board or any of its Committees as shall be administering the Plan, in
      accordance with Section 4 hereof.

    

    (b) "Applicable
      Laws"
      means
      the requirements relating to the administration of stock option plans under
      U.S.
      state corporate laws, U.S. federal and state securities laws, the Code, any
      stock exchange or quotation system on which the Common Stock is listed or quoted
      and the applicable laws of any foreign country or jurisdiction where Options
      are
      granted under the Plan.

    

    (c) "Board"
      means
      the Board of Directors of the Company.

    

    (d) "Code"
      means
      the Internal Revenue Code of 1986, as amended.

    

    (e) "Committee"
      means a
      committee of two or more Directors appointed by the Board in accordance with
      Section 4 of the Plan.

    

    (f) "Common
      Stock"
      means
      the common stock of the Company.

    

    (g) "Company"
      means
      Taskport, Inc., a California corporation.

    

    (h) "Consultant"
      means
      any natural person, including an advisor, engaged by the Company or any Parent
      or Subsidiary to render services to such entity.

    

    (i) "Director"
      means a
      member of the Board.

    

    (j) “Disability”
means
      total and permanent disability as defined in Section 22(e)(3) of the
      Code.

    

    (k) "Employee"
      means
      any person, including Officers and Directors, employed by the Company or any
      Parent or Subsidiary of the Company. A Service Provider shall not cease to
      be an
      Employee in the case of (i) any leave of absence approved by the Company or
      (ii)
      transfers between locations of the Company or between the Company, its Parent,
      any Subsidiary, or any successor. For purposes of Incentive Stock Options,
      no
      such leave may exceed ninety days, unless reemployment upon expiration of such
      leave is guaranteed by statute or contract. If reemployment upon expiration
      of a
      leave of absence approved by the Company is not so guaranteed, then three (3)
      months following the 91st day of such leave any Incentive Stock Option held
      by
      the Optionee shall cease to be treated as an Incentive Stock Option and shall
      be
      treated for tax purposes as a Nonstatutory Stock Option. Neither service as
      a
      Director nor payment of a director's fee by the Company shall be sufficient
      to
      constitute "employment" by the Company.

    

    
      
         

      

      
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    (l) "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended.

    

    (m) "Fair
      Market Value"
      means,
      as of any date, the value of Common Stock

    determined
      as follows:

    

    (i) If
      the
      Common Stock is listed on any established stock exchange or a national market
      system, including without limitation the Nasdaq National Market or The Nasdaq
      SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be
      the
      closing sales price for such stock (or the closing bid, if no sales were
      reported) as quoted on such exchange or system for the last market trading
      day
      prior to the day of determination, as reported in The Wall Street Journal or
      such other source as the Administrator deems reliable;

    

    (ii) If
      the
      Common Stock is not then listed or admitted to trading on a stock exchange
      or a
      Nasdaq market system which reports closing sale prices, the Fair Market Value
      of
      a Share of Common Stock shall be the average of the closing bid and asked prices
      of the Common Stock in the over-the-counter market on the last market trading
      day prior to the day of determination, or;

    

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

    

    (m) "Incentive
      Stock Option"
      means
      an Option intended to qualify as an incentive stock option within the meaning
      of
      Section 422 of the Code.

    

    (n) "Nonstatutory
      Stock Option"
      means
      an Option not intended to qualify as an Incentive Stock Option.

    

    (o) “Notice
      of Grant”
means
      a
      written notice evidencing certain terms and conditions of an individual Option
      grant. The Notice of Grant is part of the Option Agreement.

    

    (p) "Officer"
      means a
      person who is an officer of the Company within the meaning of Section 16 of
      the
      Exchange Act and the rules and regulations promulgated thereunder.

    

    (q) "Option"
      means a
      stock option granted pursuant to the Plan.

    

    
      
         

      

      
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    (r) "Option
      Agreement"
      means
      an agreement between the Company and an Optionee evidencing the terms and
      conditions of an individual Option grant. The Option Agreement is subject to
      the
      terms and conditions of the Plan.

    

    (s) "Optioned
      Stock"
      means
      the Common Stock subject to an Option.

    

    (t) "Optionee"
      means
      the holder of an outstanding Option granted under the Plan.

    

    (u) "Parent"
      means a
      "parent corporation," whether now or hereafter existing, as defined in Section
      424(e) of the Code.

    

    (v) "Plan"
      means
      this 2005 Stock Option Plan.

    

    (w) “Plan
      Effective Date”
means
      September 1, 2005, the date on which the Plan was adopted by the
      Board.

    

    (x) “Section
      16(b)"
      means
      Section 16(b) of the Exchange Act.

    

    (y) "Service
      Provider"
      means
      an Employee, Director or Consultant.

    

    (z) "Share"
      means a
      share of the Common Stock, as adjusted in accordance with Section 11 of the
      Plan.

    

    (aa) "Subsidiary"
      means a
      "subsidiary corporation," whether now or hereafter existing, as defined in
      Section 424(f) of the Code.

    

    3. Stock
      Subject to the Plan.
      Subject
      to the provisions of Section 11 of the Plan, the maximum aggregate number of
      Shares which may be optioned and sold under the Plan is 3,000,000 Shares. The
      Shares may be authorized, but unissued, or reacquired Common Stock.

    

    If
      an
      Option expires or becomes unexercisable without having been exercised in full,
      the unpurchased Shares which were subject thereto shall become available for
      future grant or sale under the Plan (unless the Plan has terminated); provided
      however, that Shares that have actually been issued under the Plan shall not
      be
      returned to the Plan and shall not become available for future distribution
      under the Plan.

    

    4. Administration
      of the Plan.

    

    (a) Procedure.
      The
      Plan shall be administered by the Board or a Committee appointed by the Board,
      which Committee shall be constituted to comply with Applicable
      Laws.

    

    (b) Powers
      of the Administrator.
      Subject
      to the provisions of the Plan and, in the case of a Committee, subject to the
      specific duties delegated by the Board to such Committee, the Administrator
      shall have the authority, in its discretion:

    

    
      
         

      

      
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    (i) to
      determine the Fair Market Value;

    

    (ii) to
      select
      the Service Providers to whom Options may from time to time be granted
      hereunder;

    

    (iii) to
      determine the number of shares of Common Stock to be covered by each Option
      granted hereunder;

     

    (iv) to
      approve forms of agreement for use under the Plan;

    

    (v) to
      determine the terms and conditions of any Option granted hereunder. Such terms
      and conditions include, but are not limited to, the exercise price, the time
      or
      times when Options may be exercised (which may be based on performance
      criteria), any vesting acceleration or waiver of forfeiture restrictions, and
      any restriction or limitation regarding any Option or the shares of Common
      Stock
      relating thereto, based in each case on such factors as the Administrator,
      in
      its sole discretion, shall determine;

    

    (vi) to
      reduce
      the exercise price of any Option to the then current Fair Market Value if the
      Fair Market Value of the Common Stock covered by such Option has declined since
      the date the Option was granted;

    

    (vii)
       to
      prescribe, amend and rescind rules and regulations relating to the
      Plan;

    

    (viii) to
      modify
      or amend each Option (subject to Section 13(c) of the Plan) including the
      discretionary authority to extend the post-termination exercisability of Options
      longer than is otherwise provided for in the Plan.

    

    (ix) to
      allow
      Optionees to satisfy withholding tax obligations by electing to have the Company
      withhold from the Shares to be issued upon exercise of an Option that number
      of
      Shares having a Fair Market Value equal to the minimum amount required to be
      withheld. The Fair Market Value of the Shares to be withheld shall be determined
      on the date that the amount of tax to be withheld is to be determined. All
      elections by an Optionee to have Shares withheld for this purpose shall be
      made
      in such form and under such conditions as the Administrator may deem necessary
      or advisable;

    

    (x) to
      authorize any person to execute on behalf of the Company any instrument required
      to effect the grant of an Option previously granted by the
      Administrator;

    

    (xi) to
      construe and interpret the terms of the Plan; and

    

    (xii) to
      make
      all the other determinations deemed necessary or advisable for administering
      the
      Plan.

    

    
      
         

      

      
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    (c) Effect
      of Administrator's Decision.
      All
      decisions, determinations and interpretations of the Administrator shall be
      final and binding on all Optionees.

    

    5. Eligibility.

    

    (a) Nonstatutory
      Stock Options may be granted to Service Providers. Incentive Stock Options
      may
      be granted only to Employees.

    

    (b) Each
      Option shall be designated in the Option Agreement as either an Incentive Stock
      Option or a Nonstatutory Stock Option. However, notwithstanding such
      designation, to the extent that the aggregate Fair Market Value of the Shares
      with respect to which Incentive Stock Options are exercisable for the first
      time
      by the Optionee during any calendar year (under all plans of the Company and
      any
      Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
      Nonstatutory Stock Options. For purposes of this Section 5(b), Incentive Stock
      Options shall be taken into account in the order in which they were granted.
      The
      Fair Market Value of the Shares shall be determined as of the time the Option
      with respect to such Shares is granted.

    

    (c) Neither
      the Plan nor any Option shall confer upon any Optionee any right with respect
      to
      continuing the Optionee's relationship as a Service Provider with the Company,
      nor shall they interfere in any way with the Optionee’s right or the Company's
      right to terminate such relationship at any time, with or without
      cause.

    

    6. Term
      of Plan.
      Subject
      to Section 17 of the Plan, the Plan shall become effective upon its adoption
      by
      the Board. It shall continue in effect for a term of ten (10) years unless
      sooner terminated under Section 13 of the Plan.

    

    7. Term
      of Option.
      The
      term of each Option shall be stated in the Option Agreement; provided, however,
      that the term shall be no more than ten (10) years from the date of grant
      thereof. In the case of an Incentive Stock Option granted to an Optionee who,
      at
      the time the Option is granted, owns stock representing more than ten percent
      (10%) of the voting power of all classes of stock of the Company or any Parent
      or Subsidiary, the term of the Incentive Stock Option shall be five (5) years
      from the date of grant or such shorter term as may be provided in the Option
      Agreement.

    

    8. Option
      Exercise Price and Consideration.

    

    (a) Exercise
      Price.
      The per
      share exercise price for the Shares to be issued pursuant to exercise of an
      Option shall be such price as is determined by the Administrator, but shall
      be
      subject to the following:

    

    (i)
       In
      the
      case of an Incentive Stock Option

    

    (A) granted
      to an Employee who, at the time of the grant of such Incentive Stock Option,
      owns stock representing more than ten percent (10%) of the voting power of
      all
      classes of stock of the Company or any Parent or Subsidiary, the exercise price
      shall be no less than 110% of the Fair Market Value per Share on the date of
      grant.

    

    
      
         

      

      
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    (B)
       granted
      to any Employee other than an Employee described in the preceding subparagraph,
      the per Share exercise price shall be no less than 100% of the Fair Market
      Value
      per Share on the date of grant.

    

    (ii) In
      the
      case of a Nonstatutory Stock Option, 

    

    (A) granted
      to a Service Provider who, at the time the Option is granted, owns stock
      representing more than ten percent (10%) of the voting power of all classes
      of
      stock of the Company or any Parent or Subsidiary, the exercise price shall
      be no
      less than 100% of the Fair Market Value per Share on the date of the
      grant.

    

    (B) granted
      to any Service Provider other than a Service Provider described in the preceding
      subparagraph, the exercise price shall be no less than 85% of the Fair Market
      Value per Share on the date of grant.

    

    (iii) Notwithstanding
      the foregoing, Options may be granted with a per Share exercise price of less
      than 100% of Fair Market Value on the date of grant pursuant to a merger or
      other corporate transaction.

    

    (b) Waiting
      Period and Exercise Dates.
      At the
      time an Option is granted, the Administrator shall fix the period within which
      the Option may be exercised and shall determine any conditions that must be
      satisfied before the Option may be exercised.

    

    (c) Form
      of Consideration.
      The
      consideration to be paid for the Shares to be issued upon exercise of an Option,
      including the method of payment, shall be determined by the Administrator (and,
      in the case of an Incentive Stock Option, shall be determined at the time of
      grant) and may consist entirely of (1) cash, (2) check, (3) promissory note,
      (4)
      other Shares which (x) in the case of Shares acquired upon exercise of an Option
      have been owned by the Optionee for more than six months on the date of
      surrender and (y) have a Fair Market Value on the date of surrender equal to
      the
      aggregate exercise price of the Shares as to which said Option shall be
      exercised, (5) consideration received by the Company under a cashless exercise
      program adopted by the Company in connection with the Plan, (6) a reduction
      in
      the amount of any Company liability to the Optionee, including any liability
      attributable to the Optionee’s participation in any Company-sponsored deferred
      compensation program or arrangement, (7) any combination of the foregoing
      methods of payment, or (8) such other consideration and method of payment for
      the issuance of Shares to the extent permitted by Applicable Laws. In making
      its
      determination as to the type of consideration to accept, the Administrator
      shall
      consider if acceptance of such consideration may be reasonably expected to
      benefit the Company.

    

    
      
         

      

      
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    9. Exercise
      of Option.

    

    (a) Procedure
      for Exercise; Rights as a Shareholder.
      Any
      Option granted hereunder shall be exercisable according to the terms of the
      Plan
      and at such times and under such conditions as determined by the Administrator
      and set forth in the Option Agreement, but in no case at a rate of less than
      20%
      per year over five (5) years from the date of grant. An Option may not be
      exercised for a fraction of a Share.

    

    An
      Option
      shall be deemed exercised when the Company receives: (i) written notice of
      exercise (in accordance with the Option Agreement) from the person entitled
      to
      exercise the Option, and (ii) full payment for the Shares with respect to which
      the Option is exercised. Full payment may consist of any consideration and
      method of payment authorized by the Administrator and permitted by the Option
      Agreement and the Plan. Shares issued upon exercise of an Option shall be issued
      in the name of the Optionee or, if requested by the Optionee, in the name of
      the
      Optionee and his or her spouse. Until the Shares are issued (as evidenced by
      the
      appropriate entry on the books of the Company or of a duly authorized transfer
      agent of the Company), no right to vote or receive dividends or any other rights
      as a shareholder shall exist with respect to the Optioned Stock, notwithstanding
      the exercise of the Option. The Company shall issue (or cause to be issued)
      such
      Shares promptly after the Option is exercised. No adjustment will be made for
      a
      dividend or other right for which the record date is prior to the date the
      Shares are issued, except as provided in Section 11 of the Plan.

    

    Exercise
      of an Option in any manner shall decrease the number of Shares thereafter
      available, both for purposes of the Plan and for sale under the Option, by
      the
      number of Shares as to which the Option is exercised.

    

    (b) Termination
      of Relationship as a Service Provider.
      If an
      Optionee ceases to be a Service Provider, other than upon the Optionee's death
      or Disability, the Optionee may exercise his or her Option within such period
      of
      time as is specified in the Option Agreement to the extent that the Option
      is
      vested on the date of termination (but in no event later than the expiration
      of
      the term of such Option as set forth in the Option Agreement). In the absence
      of
      a specified time in the Option Agreement, the Option shall remain exercisable
      for three (3) months following the Optionee's termination. If, on the date
      of
      termination, the Optionee is not vested as to his or her entire Option, the
      Shares covered by the unvested portion of the Option shall revert to the Plan.
      If, after termination, the Optionee does not exercise his or her Option within
      the time specified by the Administrator, the Option shall terminate, and the
      Shares covered by such Option shall revert to the Plan.

    

    (c) Disability
      of Optionee.
      If an
      Optionee ceases to be a Service Provider as a result of the Optionee's
      Disability, the Optionee may exercise his or her Option within such period
      of
      time as is specified in the Option Agreement to the extent the Option is vested
      on the date of termination, (but in no event later than the expiration date
      of
      the term of such Option as set forth in the Option Agreement). In the absence
      of
      a specified time in the Option Agreement, the Option shall remain exercisable
      for twelve (12) months following the Optionee’s termination. If, on the date of
      termination, the Optionee is not vested as to the entire Option, the Shares
      covered by the unvested portion of the Option shall revert to the Plan. If,
      after termination, the Optionee does not exercise his or her Option within
      the
      time specified herein, the Option shall terminate, and the Shares covered by
      such Option shall revert to the Plan.

    

    
      
         

      

      
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    (d) Death
      of Optionee.
      If an
      Optionee dies while a Service Provider, the Option may be exercised following
      the Optionee’s death within such period of time as is specified in the Option
      Agreement to the extent that the Option is vested on the date of death (but
      in
      no event may the Option be exercised later than the expiration of the term
      of
      such Option as set forth in the Option Agreement) by the executor or
      administrator of the Optionee's estate or, if none, by the person(s) entitled
      to
      exercise the Option under the Optionee's will or the laws of descent or
      distribution. In the absence of a specified time in the Option Agreement, the
      Option shall remain exercisable for twelve (12) months following Optionee’s
      death. If, at the time of death, the Optionee is not vested as to the entire
      Option, the Shares covered by the unvested portion of the Option shall revert
      to
      the Plan. If the Option is not so exercised within the time specified herein,
      the Option shall terminate, and the Shares covered by such Option shall revert
      to the Plan.

    

    (e) Buyout
      Provisions.
      The
      Administrator may at any time offer to buy out for a payment in cash or Shares,
      an Option previously granted, based on such terms and conditions as the
      Administrator shall establish and communicate to the Optionee at the time such
      offer is made.

    

    10. Non-Transferability
      of Options.
      Unless
      determined otherwise by the Administrator, an Option may not be sold, pledged,
      assigned, hypothecated, transferred, or disposed of in any manner other than
      by
      will or by the laws of descent or distribution and may be exercised, during
      the
      lifetime of the Optionee, only by the Optionee. If the Administrator makes
      an
      Option transferable, such Option shall contain such additional terms and
      conditions as the Administrator deems appropriate.

    

    11. Adjustments
      Upon Changes in Capitalization or Merger.

    

    (a) Changes
      in Capitalization.
      Subject
      to any required action by the shareholders of the Company, the number of shares
      of Common Stock covered by each outstanding Option, and the number of shares
      of
      Common Stock which have been authorized for issuance under the Plan but as
      to
      which no Options have yet been granted or which have been returned to the Plan
      upon cancellation or expiration of an Option, as well as the price per share
      of
      Common Stock covered by each such outstanding Option, shall be proportionately
      adjusted for any increase or decrease in the number of issued shares of Common
      Stock resulting from a stock split, reverse stock split, stock dividend,
      combination or reclassification of the Common Stock, or any other increase
      or
      decrease in the number of issued shares of Common Stock effected without receipt
      of consideration by the Company; provided, however, that conversion of any
      convertible securities of the Company shall not be deemed to have been "effected
      without receipt of consideration." Such adjustment shall be made by the
      Administrator, whose determination in that respect shall be final, binding
      and
      conclusive. Except as expressly provided herein, no issuance by the Company
      of
      shares of stock of any class, or securities convertible into shares of stock
      of
      any class, shall affect, and no adjustment by reason thereof shall be made
      with
      respect to, the number or price of shares of Common Stock subject to an
      Option.

    

    
      
         

      

      
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    (b) Dissolution
      or Liquidation.
      In the
      event of the proposed dissolution or liquidation of the Company, the
      Administrator shall notify each Optionee as soon as practicable prior to such
      proposed action. The Administrator in its discretion may provide for an Optionee
      to have the right to exercise his or her Option until ten (10) days prior to
      such transaction as to all of the Optioned Stock covered thereby, including
      Shares as to which the Option would not otherwise be exercisable. In addition,
      the Administrator may provide that any Company repurchase option applicable
      to
      any Shares purchased upon exercise of an Option shall lapse as to all such
      Shares, provided the proposed dissolution or liquidation takes place at the
      time
      and in the manner contemplated. To the extent it has not been previously
      exercised, an Option will terminate immediately prior to the consummation of
      such proposed action.

    

    (c) Merger.
      In the
      event of a merger of the Company with or into another corporation, or the sale
      of substantially all of the assets of the Company, each outstanding Option
      shall
      be assumed or an equivalent option substituted by the successor corporation
      or a
      Parent or Subsidiary of the successor corporation.

    

    In
      the
      event that the successor corporation refuses to assume or substitute for the
      Option, the Optionee shall fully vest in and have the right to exercise the
      Option as to all of the Optioned Stock, including Shares as to which it would
      not otherwise be vested or exercisable ("Acceleration of Vesting"). If an Option
      becomes fully vested and exercisable in lieu of assumption or substitution
      in
      the event of a merger or sale of assets, the Administrator shall notify the
      Optionee in writing that the Option shall be fully vested and exercisable for
      a
      period of fifteen (15) days from the date of such notice, and the Option shall
      terminate upon the expiration of such period.

    

    For
      the
      purposes of this subsection (c), the Option shall be considered assumed if,
      following the merger or sale of assets, the option confers the right to purchase
      or receive, for each Share of Optioned Stock subject to the Option immediately
      prior to the merger or sale of assets, the consideration (whether stock, cash,
      or other securities or property) received in the merger or sale of assets by
      holders of Common Stock for each Share held on the effective date of the
      transaction (and if holders were offered a choice of consideration, the type
      of
      consideration chosen by the holders of a majority of the outstanding Shares);
      provided, however, that if such consideration received in the merger or sale
      of
      assets is not solely common stock of the successor corporation or its Parent,
      the Administrator may, with the consent of the successor corporation, provide
      for the consideration to be received upon the exercise of the Option, for each
      Share of Optioned Stock subject to the Option, to be solely common stock of
      the
      successor corporation or its Parent equal in fair market value to the per share
      consideration received by holders of Common Stock in the merger or sale of
      assets.

    

    12. Date
      of Grant.
      The
      date of grant of an Option shall, for all purposes, be the date on which the
      Administrator makes the determination granting such Option, or such other date
      as is determined by the Board. Notice of the determination shall be given to
      each Service Provider to whom an Option is so granted within a reasonable time
      after the date of such grant.

    

    
      
         

      

      
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    13. Amendment
      and Termination of the Plan.

    

    (a) Amendment
      and Termination.
      The
      Board may at any time amend, alter, suspend or terminate the Plan.

    

    (b) Shareholder
      Approval.
      The
      Board shall obtain shareholder approval of any Plan amendment to the extent
      necessary and desirable to comply with Applicable Laws.

    

    (c) Effect
      of Amendment or Termination.
      No
      amendment, alteration, suspension or termination of the Plan shall impair the
      rights of any Optionee, unless mutually agreed otherwise between the Optionee
      and the Administrator, which agreement must be in writing and signed by the
      Optionee and the Company. Termination of the Plan shall not affect the
      Administrator's ability to exercise the powers granted to it hereunder with
      respect to Options granted under the Plan prior to the date of such
      termination.

    

    14. Conditions
      Upon Issuance of Shares.

    

    (a) Legal
      Compliance.
      Shares
      shall not be issued pursuant to the exercise of an Option unless the exercise
      of
      such Option and the issuance and delivery of such Shares shall comply with
      Applicable Laws and shall be further subject to the approval of counsel for
      the
      Company with respect to such compliance.

    

    (b) Investment
      Representations.
      As a
      condition to the exercise of an Option, the Administrator may require the person
      exercising such Option to represent and warrant at the time of any such exercise
      that the Shares are being purchased only for investment and without any present
      intention to sell or distribute such Shares if, in the opinion of counsel for
      the Company, such a representation is required.

    

    15. Inability
      to Obtain Authority.
      The
      inability of the Company to obtain authority from any regulatory body having
      jurisdiction, which authority is deemed by the Company's counsel to be necessary
      to the lawful issuance and sale of any Shares hereunder, shall relieve the
      Company of any liability in respect of the failure to issue or sell such Shares
      as to which such requisite authority shall not have been obtained.

    

    16. Reservation
      of Shares.
      The
      Company, during the term of this Plan, shall at all times reserve and keep
      available such number of Shares as shall be sufficient to satisfy the
      requirements of the Plan.

    

    17. Shareholder
      Approval.
      The
      Plan shall be subject to approval by the shareholders of the Company within
      twelve (12) months after the date the Plan is adopted. Such shareholder approval
      shall be obtained in the manner and to the degree required under Applicable
      Laws.

    

    18. Copies
      of the Plan.
      A copy
      of this Plan shall be delivered to each Optionee at or before the time such
      Optionee executes an Option Agreement.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

       

    

    19. Effective
      Date.
      The
      Plan shall become effective on the Plan Effective Date. However, no Shares
      shall
      be issued under the Plan pursuant to Incentive Stock Options until the Plan
      is
      approved by the Company’s shareholders. If such shareholder approval is not
      obtained within twelve (12) months after the Plan Effective Date, then all
      Incentive Stock Options granted under the Plan shall automatically convert
      into
      Nonstatutory Stock Options.

    

    20. Information
      to Optionee.
      The
      Company shall provide to each Optionee, not less frequently than annually,
      copies of annual financial statements. The Company shall also provide such
      statements to each individual who acquires Shares pursuant to the Plan while
      such individual owns such Shares. The Company shall not be required to provide
      such statements to Service Providers whose duties in connection with the Company
      assure their access to equivalent information.

    

    
      
         

      

      
        11

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