Document:

EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AND NON-COMPETITION AGREEMENT (“Agreement”) is made as of the 1st day
        of May, 2006, by and between Sweetskinz, Inc., a Pennsylvania corporation
        (the
“Company”), and David Anderson, a resident of Drexel Hill, Pennsylvania (the
“Employee”).

       

      WITNESSETH:

       

      WHEREAS,
        the Company desires to retain the services of the Employee in the manner
        hereinafter specified in its business, thereby retaining for the Company
        the
        benefit of the Employee's business knowledge and experience and also to make
        provisions for the payment of reasonable and proper compensation to the Employee
        for such services; and

       

      WHEREAS,
        the parties have agreed to enter into this Agreement subject to the terms
        and
        conditions herein; and

       

      WHEREAS,
        the Employee is willing to be employed by the Company and to perform the
        duties
        incident to such employment upon the terms and conditions hereinafter set
        forth;

       

      NOW,
        THEREFORE, in consideration of the premises and mutual covenants and
        representations herein contained, the Company and the Employee mutually agree
        as
        follows:

       

      AGREEMENT

       

      ARTICLE
        I
        EMPLOYMENT AND DUTIES

       

      Section
        1.1 Employment.
        Commencing on the date hereof, the Company shall employ the Employee, and
        the
        Employee shall accept employment with the Company as an employee of the Company,
        upon the terms and subject to the conditions hereinafter set forth and shall
        hold the title of Chief Financial Officer. 

       

      Section
        1.2 Duties.
        the
        Employee shall serve as Chief Financial Officer of the Company and,
        subject
        to
        the general operating policies, as amended from time to time, of the Board
        of
        Directors (the “Board”) and the Company’s Certificate of Incorporation and
        By-Laws, Employee shall
        have supervision and control over the financial controls of the Company and
        its
        subsidiaries.
        Employee shall
        have such other duties as customarily performed by the Chief Financial Officer
        and also have such other powers and duties as may be, from time to time,
        prescribed by the Board, provided that the nature of Employee’s powers and
        duties so prescribed shall not be inconsistent with Employee’s position and
        duties hereunder. Employee
        shall
        report directly and exclusively to the Company’s Chief Executive Officer, Andrew
        Boyland.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      The
        Employee shall devote his best efforts to the business and affairs of the
        Company and, during the Term (as defined in Section 2.1 of this Agreement)
        as
        well as the period provided in Article III, shall observe at all times the
        covenants regarding non-competition, and confidentiality provided in Article
        III
        hereof. The Company and Employee acknowledge and agree that, during the Term,
        Employee shall be permitted to (i) serve on corporate, civic, professional
        association, or charitable boards or committees, and (ii) manage passive
        personal investments, so long as any such activities do not unduly interfere
        with the performance of Employee's responsiblities as an employee of the
        Company
        in accordance with this Agreement.

       

      ARTICLE
        II

       

      TERMS
        OF
        EMPLOYMENT; COMPENSATION AND BENEFITS

       

      Section
        2.1 Term.
        Except
        as otherwise provided herein, the term of this Agreement shall be three
        (3)
        years beginning on the date of this Agreement (the “Initial Term”). This
        Agreement shall be renewed automatically in one (1) year increments (each
        a
“Renewal Term” and together with the Initial Term, the “Term”) unless notice by
        either party is given in writing no less than ninety (90) days from the
        expiration of the Initial Term or the applicable Renewal Term.

       

      Section
        2.2 Compensation.
        Except
        as otherwise set forth herein, the Company shall pay, and the Employee shall
        accept as full consideration for the services to be rendered hereunder, and
        the
        covenants entered into hereunder, compensation as set forth in Exhibit
        “A”,
        attached hereto and incorporated herein by reference.

       

      Section
        2.3 Benefits.
        The
        Employee shall be entitled to participate in such fringe benefits as are
        generally available to employees of the Company or key executive personnel,
        and
        to the normal perquisites provided to such executives. Such benefits, if
        any,
        shall be provided upon the terms and conditions as set forth on Exhibit
        “B”,
        attached hereto and incorporated herein by reference. Provided however, nothing
        in this Agreement shall be construed to require the Company to offer any
        specific fringe benefit to Employee, except those specifically enumerated
        in
        Exhibit B, to effect compliance with this Section 2.3.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      ARTICLE
        III

       

      NON-COMPETITION
        AND CONFIDENTIALITY

       

      Section
        3.1 Restrictive
        Covenants.

       

      (a)  Non-Competition.
        The
        Employee and the Company agree that the Company's business depends, to a
        considerable extent, on the individual skills, efforts and judgment of the
        Employee. The Employee and the Company further agree that the Employee's
        position enables him to maintain and develop specialized knowledge and
        information of value to the Company. Accordingly, and in consideration of
        the
        mutual promises contained herein, the Employee agrees that he shall not engage,
        or cause another to engage, within a geographic area and for a duration as
        set
        forth in this Section 3.1(a), either directly or indirectly, as principal,
        including, without limitation owner, shareholder, partner or member; agent;
        employer; employee; or consultant; in the Business (as hereinafter defined).
        The
        duration of the covenant shall commence on the Effective Date and extend
        for a
        period of one (1) year following the termination of the Term; provided, however,
        that the covenant not to compete shall terminate immediately if Company
        materially breaches this Agreement, terminates Employee’s employment without
        cause or does not renew this Agreement in accordance with Section 2.1 for
        any
        Renewal Term. This covenant shall be applied within a two hundred (200) mile
        radius of any office or facility operated or owned by the Company and shall
        be
        applied to any Client (as hereinafter defined) of the Company serviced by
        the
        Company during the six (6) month period prior to the termination of the
        Employee’s employment with the Company. The Employee and the Company agree that
        the geographic scope and the duration of time pursuant to this covenant are
        reasonable.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b)  Non-Solicitation.
        The
        Employee shall not contact any Client (as hereinafter defined) of the Company
        for purposes of soliciting such Client's business on behalf of a competing
        Business except on behalf of the Company. The Employee shall not employ,
        cause
        another to employ or solicit the employment of any person employed by the
        Company or that has been an employee of the Company at any time during the
        six
        (6) months preceding the termination of this Agreement for any reason. The
        duration of the covenants set forth in this Section 3.1(b) shall commence
        on the
        Effective Date and extend for a period of one (1) year following the date
        of
        termination of the Term; provided, however, that the covenants not to solicit
        shall terminate immediately if Company materially breaches this Agreement,
        terminates Employee’s employment without cause or does not renew this Agreement
        in accordance with Section 2.1 for any Renewal Term.

       

      (c)  Confidentiality.
        The
        Employee specifically agrees that, without the consent of the Company, he
        will
        not at any time, in any fashion, form, or manner, either directly or indirectly,
        divulge, disclose, or communicate to any person, firm or corporation (other
        than
        to an attorney or accountant in the regular course of the Company’s business)
        any Confidential Information (as hereinafter defined). Upon the termination
        of
        this Agreement for any reason, the Employee shall immediately surrender and
        deliver to the Company all Confidential Information in all forms. The covenants
        set forth in this Section 3.1(c) shall survive the termination of this Agreement
        in perpetuity.

       

      (d)  Continuing
        Obligations.
        The
        Employee agrees that his obligations and duties contained in this Article
        III
        are continuing obligations and, except as otherwise set forth herein, said
        duties shall survive the termination or expiration of this Agreement for
        any
        reason whatsoever.

       

      (e) Definitions.
        For the
        purposes of this Article III, the following terms have the meanings set forth
        below:

       

      “Business”
shall
        mean the manufacturing, marketing, sale and distribution of SweetskinZ brand
        tires and other products of the SweetskinZ family of businesses as they are
        developed to include that which directly aids or is directly incidental to
        the
        manufacturing, marketing, sale and distribution of such
        products.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      “Client”
shall
        mean any entity, including without limitation, any natural person, company,
        partnership, corporation, trust, association, organization or governmental
        unit,
        (i) with whom the Employee has direct contact and/or to whom the Employee
        renders any services; and/or (ii) about whom the Employee has access to
        Confidential Information (as hereinafter defined).

       

      “Confidential
        Information”
shall
        mean any information, not generally known in the relevant trade or industry,
        obtained from the Company or any of its subsidiaries, affiliates, customers
        or
        suppliers or which falls within any of the following general categories:
        (a) information relating to the business of the Company or that of any of
        its subsidiaries, affiliates, customers or suppliers, including but not limited
        to, financial reports, income statements, balance sheets, annual and quarterly
        reports, general ledger, accounts receivable, and other accounting reports,
        non-public filings with government agencies, business forms, handbooks,
        policies, and documents, business plans, business processes and procedures,
        sales or marketing methods, methods of doing business, customer lists, customer
        usages and/or requirements, and supplier information of the Company or any
        of
        its subsidiaries, affiliates, customers or suppliers; (b) information
        relating to existing or contemplated products, services, technology, designs,
        processes, formulae, computer systems, computer software, algorithms and
        research or developments of the Company or any of its subsidiaries, affiliates,
        customers or suppliers; (c) information relating to trade secrets of the
        Company or any of its subsidiaries, affiliates, customers or suppliers; or
        (d) information marked “Confidential” or “Proprietary” by or on behalf of
        the Company or any of its subsidiaries, affiliates, customers or
        suppliers.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Section
        3.2 Enforcement;
        Remedies.
        The
        Employee covenants, agrees, and recognizes that because the breach or threatened
        breach of the covenants, or any of them, contained in Section 3.1 hereof
        will
        result in immediate and irreparable injury to the Company, the Company shall
        be
        entitled to an injunction restraining the Employee from any violation of
        Section
        3.1 to the fullest extent allowed by law. The Employee further covenants
        and
        agrees that in the event of a violation of any of the respective covenants
        and
        agreements contained in Section 3.1 hereof, the Company shall be entitled
        to an
        accounting of all profits, compensation, commissions, remuneration or benefits
        which the Employee directly or indirectly has realized and/or may realize
        as a
        result of, growing out of, or in connection with any such violation and shall
        be
        entitled to receive all such amounts to which the Company would be entitled
        as
        damages under law or at equity. The Employee further covenants, agrees and
        recognizes that, notwithstanding anything to the contrary contained herein,
        in
        the event of a violation, breach or threatened breach of any of the respective
        covenants and agreements contained in Section 3.1 hereof, the Company shall
        be
        excused from making any further payments to the Employee pursuant to any
        provision of this Agreement until the Employee shall cease violating or
        breaching his respective covenants and agreements contained in Section 3.1
        hereof and shall have received reasonable assurances from the Employee that
        he
        will no longer engage in the same. Nothing herein shall be construed as
        prohibiting the Company from pursuing any other legal or equitable remedies
        that
        may be available to it for any such violation or breach, including the recovery
        of damages from the Employee. If either party files suit to enforce or enjoin
        the enforcement of the covenants contained herein, the prevailing party shall
        be
        entitled to recover, in addition to all other damages or remedies provided
        for
        herein, its costs incurred in prosecuting or defending said suit, including
        reasonable attorneys' fees.

       

      Section
        3.3 Construction.
        The
        Employee hereby expressly acknowledges and agrees as follows:

       

      (a)  That
        the
        covenants set forth in Section 3.1 above are reasonable in all respects and
        are
        necessary to protect the legitimate business and competitive interests of
        the
        Company in connection with its business which the Employee agrees, pursuant
        to
        this Agreement, to assist the Company in maintaining and developing;
        and

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b) That
        each
        of the covenants set forth in Section 3.1 above is separately and independently
        given, and each such covenant is intended to be enforceable separately and
        independently of the other such covenants, including without limitation,
        enforcement by injunction; provided,
        however,
        that
        the invalidity or unenforceability of any provision of this Agreement in
        any
        respect shall not affect the validity or enforceability of this Agreement
        in any
        other respect. In the event that any provision of this Agreement shall be
        held
        invalid or unenforceable by a court of competent jurisdiction by reason of
        the
        geographic or business scope or the duration thereof of any such covenant,
        or
        for any other reason, such invalidity or unenforceability shall attach only
        to
        the particular aspect of such provision found invalid or unenforceable as
        applied and shall not affect or render invalid or unenforceable any other
        provision of this Agreement or the enforcement of such provision in other
        circumstances, and, to the fullest extent permitted by law, this Agreement
        shall
        be construed as if the geographic or business scope or the duration of such
        provision or other basis on which such provisions has been challenged had
        been
        more narrowly drafted so as not to be invalid or unenforceable.

       

      ARTICLE
        IV

       

      TERMINATION

       

      Section
        4.1 Termination.

       

      (a) If,
        during the term hereof, the Employee (i) violates in any material respect
        any
        provision of Article III hereof; (ii) is convicted of a felony or a crime
        involving moral depravity or the commission of any other act or omission
        involving dishonesty or fraud with respect to the Company or any of its
        subsidiaries, customers or suppliers; (iii) engages in conduct tending to
        bring
        the Company or any of its subsidiaries into substantial public disgrace or
        disrepute as reasonably determined by a majority of the Board based upon
        contemporary community standards for the Philadelphia Metropolitan Area,
        (iv)
        substantially and repeatedly fails to perform the duties of the office held
        by
        the Employee which continues after written warnings to correct such deficiency;
        (v) commits acts of willful misconduct, the Company may immediately, in writing,
        terminate this Agreement without further obligation hereunder, except that
        the
        Company shall, within 30 days of termination, pay all compensation accrued
        through the effective date of termination and reimburse Employee for all
        expenses incurred before the termination of Employee’s
        employment.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b) If,
        during the term of this Agreement, the Employee is charged with any act referred
        to in Section 4.1(a) above, the Company may, upon one (1) day’s notice, require
        the Employee to take a leave of absence without pay for up to fifteen (15)
        days,
        the length of such leave of absence to be determined by the Company in the
        Company’s sole discretion.

       

      (c) Upon
        the
        Employee’s resignation from employment with the Company other than pursuant to
        Section 4(f) and Section 4(g), the Company shall, within 30 days of termination,
        pay all compensation accrued through the effective date of resignation and
        reimburse Employee for all expenses incurred before the termination of
        Employee’s employment, and Employee shall have no further right for any salary
        or other benefits except as otherwise required by law.

       

      (d) This
        Agreement shall be terminated by the death of the Employee. If the death
        of the
        Employee occurs and this Agreement is thereby terminated, the Company shall,
        within 30 days of termination, pay to the Employee's estate or legal
        representative in complete settlement for relinquishment of his interest
        in this
        Agreement, compensation and benefits payable to him through the end of the
        calendar month in which his death and the Agreement's termination occur,
        and
        shall reimburse Employee’s estate or legal representative for all expenses
        incurred before the Employee’s death.

       

      (e) The
        Company may terminate this Agreement by written notice to the Employee in
        the
        event that during the term hereof the Employee shall become “permanently
        disabled” as the term “permanently disabled” is hereinafter fixed and defined.
        For purposes of this Agreement, “permanently disabled” shall mean (i) the
        Employee is unable, by reason of accident, physical or mental infirmity or
        other
        causes beyond his control, to satisfactorily perform duties then assigned
        to him
        or such reduced duties which the Company is willing to assign to him for
        a
        continuous period of one hundred eighty (180) days or for a total period
        of one
        hundred eighty (180) days, either consecutive or not, in any twelve month
        period, or (ii) the Employee is unwilling for whatever reason to perform
        on a
        full-time basis the duties then assigned to him for a continuous period of
        one
        hundred eighty (180) days or for a total period of one hundred eighty (180)
        days, either consecutive or not, in any twelve month period. For purposes
        of
        this Agreement, the Company shall determine the existence of “permanent
        disability”; provided,
        however,
        a
        determination of “permanent disability” under subsection (i) above may be made
        only upon receipt of a certificate of disability from a qualified physician,
        selected by the Company, subject to the reasonable approval of Employee or
        his
        representative after examination by such physician of the disabled Employee;
        provided,
        further,
        that in
        the event the Employee has failed to substantially perform his duties for
        a
        period of 30 consecutive days as a result of accident or injury and thereafter
        refuses to submit to a medical examination at the request of the Company
        for a
        continuous period of one hundred eighty (180) days, the Employee shall be
        deemed
        to be “permanently disabled.” Upon termination pursuant to this Section 4.1(e),
        the Company shall, within 30 days of termination, pay to the Employee in
        complete settlement for relinquishment of the Employee's interest in this
        Agreement, compensation and benefits payable to the Company through the end
        of
        the calendar month in which termination of this Agreement occurs, and reimburse
        Employee for all expenses incurred before the termination of Employee’s
        employment. 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (f) In
        the
        event that the Employee’s employment hereunder is terminated (i) at any time by
        the Company without cause or (ii) by the resignation of Employee as a result
        of
        (A) a breach by the Company of any provision of this Agreement, including,
        without limitation, the failure of the Company to pay any amount hereunder
        when
        the same shall be due and payable, (B) a material change in Employee’s duties,
        including, without limitation, a material diminution in Employee’s title,
        position, duties or responsibilities, or the assignment to Employee of duties
        that are inconsistent, in a material respect, with the scope of duties and
        responsibilities associated with the positions specified in the Agreement,
        the
        Company shall (x) within 30 days of termination, pay Employee all compensation
        accrued through the effective date of resignation and reimburse Employee
        for all
        expenses incurred before the termination of Employee’s employment, (y) within 30
        days of termination, pay Employee in a lump sum an amount equal to 1.0 times
        Employee’s annual guaranteed salary in effect on the date of termination and the
        prior year’s bonus as determined by the Board of Directors and (z) provide to
        Employee, at the Company’s expense, for the first year after Employee’s
        termination, continued coverage under all benefit plans in which Employee
        participated immediately prior to Employee’s termination (or if the Company was
        paying Employee for obtaining such coverage on his own, the Company will
        pay
        Employee in a lump sum on termination, the amount required to continue such
        coverage for a period of one year), and Employee shall have no further right
        for
        any salary or other benefits except as otherwise required by law. In addition,
        upon termination of Employee’s employment pursuant to this Section 4(f), all
        options granted to Employee shall immediately vest and become
        exercisable.

       

      (g) In
        the
        event that the Employee’s employment hereunder is terminated by Employee for any
        reason during the 90-day period subsequent to a Change in Control (as
        hereinafter defined), the Company shall (x) within 30 days of termination,
        pay
        Employee all compensation accrued through the effective date of resignation
        and
        reimburse Employee for all expenses incurred before the termination of
        Employee’s employment, (y) within 30 days of termination, pay Employee in a lump
        sum an amount equal to 1.5 times Employee’s annual guaranteed salary in effect
        on the date of termination and (z) provide to Employee, at the Company’s
        expense, for the first year after Employee’s termination, continued coverage
        under all benefit plans in which Employee participated immediately prior
        to
        Employee’s termination (or if the Company was paying Employee for obtaining such
        coverage on his own, the Company will pay Employee in a lump sum on termination,
        the amount required to continue such coverage for a period of one year),
        and
        Employee shall have no further right for any salary or other benefits except
        as
        otherwise required by law. In addition, upon termination of Employee’s
        employment pursuant to this Section 4(g), all options granted to Employee
        shall
        immediately vest and become exercisable.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      For
        purposes of this Agreement, “Change in Control” shall mean:

       

      (i)
        The
        acquisition by any individual, entity or group (within the meaning of Section
        13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
        “Exchange
        Act”)) (a “Person”),
        other
        than the current principal stockholders of the Company, of beneficial ownership
        (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of
        fifty
        percent (50%) or more of either (A) the then outstanding shares of the Company’s
        Common Stock (the “Outstanding
        Company Common Stock”)
        or (B)
        the combined voting power of the then outstanding voting securities of the
        Company entitled to vote generally in the election of members of the Board
        or
        board of any corporate successor to the business of the Company (the
“Outstanding
        Company Voting Securities”);
        provided,
        however,
        that
        for purposes of this subsection (i), the following acquisitions shall not
        constitute a Change of Control: (1) any acquisition by the Company, or (2)
        any
        acquisition by any Person pursuant to a transaction which complies with clauses
        (A), (B) and (C) of subsection (c) below; or

       

      (ii)
        Individuals
        who, as of the Date of this Agreement, constitute the Board (the “Incumbent
        Board”) cease for any reason within any period of 18 consecutive months to
        constitute at least a majority of such Incumbent Board; provided,
        however,
        that
        any individual becoming a director subsequent to the date of this Agreement
        whose election, or nomination for election, by the Company’s stockholders, was
        approved by a vote of at least a majority of the members then comprising
        the
        Incumbent Board shall be considered as though such individual were a member
        of
        the Incumbent Board, but excluding, for this purpose, any such individual
        whose
        initial assumption of office occurs as a result of an actual or threatened
        election contest with respect to the election or removal of directors or
        other
        actual or threatened solicitation of proxies or consents by or on behalf
        of a
        Person other than the Incumbent Board; or

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (iii)
        Consummation
        after the date of this Agreement of a reorganization, merger or consolidation
        or
        sale or other disposition of all or substantially all of the assets of the
        Company or the acquisition of assets of another corporation (a “Business
        Combination”), in each case, unless, following such Business Combination, (A)
        all or substantially all of the individuals and entities who were the beneficial
        owners, respectively, of the Outstanding Company Securities and Outstanding
        Company Voting Securities immediately prior to such Business Combination
        beneficially own, directly or indirectly, more than fifty percent (50%) of,
        respectively, the then Outstanding Company Securities and the Outstanding
        Company Voting Securities, as the case may be, of the corporation resulting
        from
        such Business Combination in substantially the same proportions as their
        ownership, immediately prior to such Business Combination, of the Outstanding
        Company Securities and Outstanding Company Voting Securities, as the case
        may
        be, (B) no Person (excluding any employee benefit plan (or related trust)
        of the
        Company or such corporation resulting from such Business Combination)
        beneficially owns, directly or indirectly, fifty percent (50%) or more of,
        respectively, the then Outstanding Company Securities and the Outstanding
        Company Voting Securities resulting from such Business Combination or the
        combined voting power of the then outstanding voting securities of such
        corporation except to the extent that such Person had an ownership position
        in
        excess of such fifty percent (50%) of the Outstanding Company Voting Securities
        prior to the Business Combination or (C) at least a majority of the members
        of
        the board of the entity resulting from such Business Combination were members
        of
        the Incumbent Board or Persons who replaced such Incumbent Board without
        causing
        a Change in Control pursuant to Section (b) above at the time of the execution
        of the initial agreement, or of the action of the Incumbent Board, providing
        for
        such Business Combination; or

       

      (iv) Approval
        by the security holders of the Company of a complete liquidation or dissolution
        of the Company.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (h) If
        either
        party is prevented or delayed or anticipates being prevented or delayed in
        the
        performance of any of its obligations under this Agreement as a result of
        a
        force majeure event, to include but not limited to strikes, lockouts, civil
        commotion, embargo, governmental legislation or regulation, riot, invasion,
        acts
        or threats of terrorism, war, threat of or preparation for war, fire, explosion,
        storm, flood, earthquake, subsidence, epidemic or other natural physical
        disaster it shall immediately notify the other party, in writing, of the
        same,
        and, where reasonably possible, specifying the period for which such prevention
        or delay can reasonably be expected to continue. If a party shall have fully
        complied with its obligations under this clause 4.1(h) it shall be excused
        from
        performance of its unfulfilled obligations under this Agreement from the
        date of
        such notice until such force majeure event no longer pertains, provided,
        however, if such obligations related to “deferred compensation” within the
        meaning of Section 409A of the Internal Revenue Code of 1986, as amended
        (the
“Code”), such obligation shall only be permitted to remain unfulfilled to the
        extent permitted by Section 409A of the Code.

       

      ARTICLE
        V

       

      MISCELLANEOUS
        PROVISIONS

       

      Section
        5.1 Governing
        Law.
        The
        validity, construction, interpretation and enforceability of this Agreement
        shall be determined and governed by the laws of the State of
        Delaware.

       

      Section
        5.2 Assignment.
        This
        Agreement shall inure to the benefit of and shall be binding upon the heirs
        and
        legal representatives of the Employee and upon the successors and assigns
        of the
        Company. This Agreement is a personal service contract and it may not be
        assigned by the Employee; the Agreement is, however, expressly assignable
        by the
        Company to an affiliate of the Company.

       

      Section
        5.3 Remedies.

       

      (a)  Termination
        of this Agreement shall not constitute a waiver of the Company's or the
        Employee’s rights under this Agreement or otherwise, nor a release of the
        Company or the Employee from its or his obligations under Article III hereof.
        The parties hereto agree that monetary damages are not adequate relief for
        breaches under Article III hereof and that injunctive relief may be sought
        and
        enforced by the Company against the Employee for enforcement of the duties
        and
        obligations contained therein.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (b)  The
        rights and remedies provided each of the parties herein shall be cumulative
        and
        in addition to any other rights and remedies provided by law or otherwise.
        Any
        failure in the exercise by either party of his or its right to terminate
        this
        Agreement or to enforce any provision of this Agreement for default or violation
        by the other party shall not prejudice such party's right of termination
        or
        enforcement for any further or other default or violation.

       

      Section
        5.4 Entire
        Agreement; Amendment.
        This
        Agreement constitutes the entire agreement between the parties respecting
        the
        Employee's employment, and there are no representations, warranties or
        commitments, except as set forth herein. This Agreement may be amended only
        by
        an instrument in writing executed by the parties hereto.

       

      Section
        5.5 Notices.
        Any
        notice, request, demand or other communication hereunder shall be in writing
        and
        shall be deemed to be duly given when personally delivered to an officer
        of the
        Company or to the Employee, as the case may be, or when delivered by mail
        at the
        addresses set forth below or such other address as may be subsequently
        designated in writing:

       

      The
        Employee:             David
        Anderson

         
        5220 Apache Lane

                                                                         
        Drexel
        Hill, PA  19026

       

      With
        a
        copy
        to:                        
Console
        Law Offices, LLC

                                                                          
        1528
        Walnut Street, Suite 600

                                                                           Philadelphia,
        PA  19102

                                                                          
        Attn: 
        Stephen G. Console, Esq

      

      The
        Company:  
SweetskinZ,
        Inc.

                                                                           
        2311
        Wallace St.

                                                                           
        Philadelphia,
        PA 19130

      

      With
        copy
        to:                            
Rubin,
        Bailin, Ortoli, LLP

           
        405 Park Ave - 15th
        Floor

            New
        York, New York 10022

           
        Attn: William
        S. Rosenstadt, Esq.

       

      Section
        5.6 Severability.
        The
        provisions of this Agreement and any exhibits are severable and, if any one
        or
        more provisions may be determined to be illegal or otherwise unenforceable,
        the
        remaining provisions shall be enforceable. Any partially enforceable provisions
        shall be enforceable to the extent enforceable.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Section
        5.7 Gender.
        Throughout this Agreement, the masculine gender shall be deemed to include
        the
        feminine and neuter, and vice versa, and the singular the plural, and vice
        versa, unless the context clearly requires otherwise.

       

      Section
        5.8 Freedom
        To Contract.
        The
        Employee represents and warrants that he has the right to enter into this
        Agreement and that no other agreements exist, whether written or oral, which
        would be in conflict with any of the terms and conditions of this Agreement.
        During the first year hereof only, notice must be provided to the Company
        in
        writing of any agreements, written or oral, whereby the Employee is to provide
        services for compensation entered into by the Employee during the term of
        this
        Agreement. Such written notice must describe in detail the proposed
        relationship, as evidenced by such agreement, and specify whether compensation
        has been received or will be received under the terms of such agreement.
        The
        Employee represents and warrants that he will not enter into any agreement,
        which is in conflict with the terms and conditions of this
        Agreement.

       

      Section
        5.9 Waiver
        of Breach.
        Either
        party’s waiver of a breach of any provision of this Agreement by the other shall
        not operate or be construed as a waiver of any subsequent breach by such
        other
        party. No waiver shall be valid unless in writing and, in the case of Company,
        signed by an authorized officer of the Company.

       

      Section
        5.10 Headings.
        Headings in this Agreement are for convenience only and shall not be used
        to
        interpret or construe its provisions.

       

      Section
        5.11 Waiver
        of Jury Trial.
        The
        Parties hereto waive the right to a jury with respect to the resolution of
        any
        dispute brought in connection with this Agreement.

       

      Section
        5.12. Successors;
        Binding Effect; Third Party Beneficiaries.
        In the
        event of a future disposition by the Company (whether direct or indirect,
        by
        sale of assets or stock, merger, consolidation or otherwise) of all or
        substantially all of its business and/or assets, the Company will require
        any
        successor, by agreement in form and substance reasonably satisfactory to
        Employee or by operation of law, to expressly assume and agree to perform
        this
        Agreement in the same manner and to the same extent that the Company would
        be
        required to perform if no such disposition had taken place. The foregoing
        includes the acquisition of the Company by a public shell in a reverse merger
        or
        exchange transaction, in which case this Agreement shall be assumed by the
        parent holding company and Employee’s duties shall include those of the Chief
        Financial Officer of the parent holding company as well as any subsidiaries
        thereof, including the Company. As used
        in
        this Agreement, the “Company” shall mean the Company as herein before defined
        and any successor to its business and/or assets as aforesaid
        which assumes and agrees to
        perform this
        Agreement by operation
        of law, or otherwise.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      Section
        5.13. Indemnification;
        Insurance.
        Subject
        to and in accordance with the provisions of the Certificate of Incorporation
        of
        the Company, which shall not as to the following, except as required by
        applicable law, be amended in this regard without Employee’s consent, the
        Company shall indemnify Employee to the fullest extent permitted by the Delaware
        General Corporation Law, as amended from time to time, for all amounts
        (including, without limitation, judgments, fines, settlement payments, expenses
        and attorney’s fees) incurred or paid by Employee in connection with any action,
        suit, investigation or proceeding arising out of or relating to the performance
        by Employee of services for, or the acting by Employee as a manager, officer
        or
        employee of, the Company, or any other person or enterprise at the Company’s
        request. The Company shall use its commercially reasonable efforts to purchase
        and maintain during the Term, directors’ and officers’ insurance with a
        liability limit of not less than $10,000,000,
        provided that the Board shall have the right to reduce the amount of insurance
        coverage if, in its opinion, coverage in such amount is available only on
        unreasonable terms but in no event shall such coverage be less than
        $5,000,000.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF,
        with
        due authorization the parties have executed this Agreement as of the day
        and
        year first above written.

      

      THE
        COMPANY

      

      Sweetskinz,
        Inc.

      a
        Pennsylvania corporation 

      

      

      /s/
        Andrew Boyland

      By:
        Andrew Boyland

      Its:
        Chief Executive Officer

      

      EMPLOYEE

      

      /s/
        David
        Anderson                              

      David
        Anderson

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A

      

      Compensation

      

      

      
        A.       Salary

      

      During
        the first year of the Initial Term of this Agreement, the Company shall provide
        Employee a guaranteed salary of $150,000.00 per annum, payable monthly in
        accordance with the Company’s normal payroll practices (the “First Year
        Salary”).

       

      During
        each subsequent year of the Term, the Company shall provide Employee a salary
        at
        least equal to the First Year Salary but shall endeavor in good faith to
        raise
        Employee’s annual salary to such level commensurate with Employee’s performance
        over the prior 12 months, the progression and growth of the Company’s business
        over the prior 12 months, then prevailing industry salary scales and other
        relevant factors. In no event shall Employee’s guaranteed salary be less than
        the First Year Salary.

       

      B.     Stock
        Options

       

      Upon
        the
        date of this Agreement, Employee shall receive stock options for 225,000
        shares
        of common stock at an exercise price equal to the fair market value of the
        shares on the date of grant and an exercise term of 10 years; provided,
        however,
        that if
        the Company sells shares of its common stock or any other securities convertible
        into its common stock at a price which is less than $1.00 per share on or
        before
        the date of this Agreement, the exercise price for the options shall be the
        lowest price paid for the Company’s common stock or the lowest price into which
        such other securities are then convertible. Employee shall be forwarded a
        Plan
        and Stock Option Agreement for such shares upon the execution of this Agreement.
        Such options shall vest in 8.33% increments each quarter with 100% of the
        options being vested upon completion of the Initial Term, provided that the
        vesting of such options shall be accelerated upon a Change in Control, the
        termination of Employee without Cause or by the Employee pursuant to Section
        4(f) or 4(g).  The
        Company shall file a registration statement on Form S-8 covering the shares
        issuable upon exercise of the options as soon as the Company is eligible
        to file
        such registration statement.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      C.     Bonus

       

      Within
        60
        following the date of this Agreement, the Board shall adopt a bonus plan
        pursuant to which all executives, including Employee, shall be able to receive
        an annual bonus. Any bonus shall be paid before January 31st of the year
        following the end of the year in which the annual bonus was earned. Any bonus
        plan or payments thereunder shall comply with Section 409A of the Code so
        that
        no liability results under Section 409A as a result of the bonus plan or
        any
        payment thereunder.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B

      

      Benefits

      

      The
        Employee shall be provided with benefits now or in the future provided by
        the
        Company to its employees and executives, including but not limited to
        comprehensive family health insurance and disability insurance. In the event
        that the Company does not offer health and disability insurance to its
        employees, the Company shall reimburse Employee for the costs of obtaining
        such
        coverage.

       

      (a) The
        Employee shall be promptly reimbursed for the following business expenses:
        (i)
        gasoline, tolls, parking (exclusive of monthly), meals/entertainment, airfare,
        hotel, cellular phone fees and other business-related charges and expenses
        necessary for the Employee to fully perform his functions as the Chief Financial
        Officer of the Company, provided that Employee submits proper expense reports
        and receipts for such permitted business expenses in accordance with Company
        policy, and (ii) gifts and contributions approved by the Board. 

       

      (b) The
        Employee shall be entitled to four (4) weeks paid vacation in each year.
        No
        vacation may be carried over from one year to the next, unless the Employee
        receives a written extension from the Company’s Board of Directors. The
        Employee
        shall
        also be entitled to all paid holidays given by the Company to its employees
        and
        key management personnel. 

       

      (c) The
        Employee shall be provided, at Company’s expense, with remote computer access
        from home, as available. The Company agrees to provide such access promptly
        pursuant to the estimate provided to the Company.EXHIBIT
      10.4

    

    SWEETSKINZ
      HOLDINGS, INC. 

    2006
      OMNIBUS PLAN

    

    

    
      	1.	
              Purposes
                of the Plan

            

    

    

    The
      2006
      Omnibus Plan ("Plan") maintained by Sweetskinz Holdings, Inc. ("Company") is
      intended to promote the growth and general prosperity of the Company by offering
      incentives to its key employees who are primarily responsible for the growth
      of
      the Company and to attract and retain qualified employees and thereby benefit
      its shareholders based on the growth of the Company. Awards granted under the
      Plan may be (a) stock options ("Options") which may be designated as (i)
      Incentive Stock Options ("ISOs") intended to qualify under Section 422 of the
      Internal Revenue Code of 1986, as amended ("Code"), or (ii) Nonqualified Stock
      Options ("NQSOs") not intended to so qualify; (b) stock appreciation rights
      ("SARs"); (c) restricted stock awards ("Restricted Stock"); (d) performance
      awards ("Performance Awards"); or (e) other forms of stock-based incentive
      awards, as hereinafter defined (collectively, "Awards").

    

    
      	2.	
              Shares
                of Stock Subject to the
                Plan

            

    

    

    The
      shares of stock with respect to which the Awards may be granted shall be the
      common stock, par value at $0.001 of the Company (“Common Stock"). Shares
      delivered upon exercise of the Awards, at the election of the Board of Directors
      of the Company, may be stock that is authorized but previously unissued or
      stock
      reacquired by the Company or both. Subject to the provisions of Section 14,
      the
      maximum number of shares with respect to which the Awards may be granted under
      the Plan shall not exceed 2,250,000 shares of Common Stock; provided,
      however,
      that
      such number of shares of Common Stock may also be subject to adjustment, from
      time to time, at the discretion of the Board of Directors of the Company. Any
      shares subject to
      an
      Award under the Plan, which Award for any reason expires or is terminated
      unexercised as to such shares, shall again be available for the grant of other
      Awards under the Plan provided,
      however,
      that
      forfeited Common Stock or other securities shall not be available for further
      Awards if the participant has realized any benefits of ownership from such
      Common Stock.

    

    
      	3.	
              Administration

            

    

    

    The
      Plan
      shall be administered by a designated Omnibus Committee: ("Committee"). Subject
      to the provisions of the Plan the Committee shall have full discretion and
      the
      exclusive power (i) to determine the directors, employees, consultants and
      advisors to whom Options shall be granted, the time when such Options shall
      be
      granted, the number of Shares which shall be subject to each Option, the
      purchase price or exercise price of each Share which shall be subject to each
      Option, the period(s) during which such Options shall be exercisable (whether
      in
      whole or in part), and the other terms and provisions of the respective Options
      (which need not be identical); (ii) to construe the Plan and Options granted
      hereunder; (iii) to prescribe, amend and rescind rules and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    regulations
      relating to the Plan; and (iv) to make all other determination necessary or
      advisable for administering the Plan.

    

    Without
      limiting the foregoing, the Committee also shall have the authority to require,
      in its discretion, as a condition of the granting of any Option, that the
      Participant agree (i) not to sell or otherwise dispose of Shares acquired
      pursuant to the Option for a period of one (1) year (unless waived by the
      Company) following the date of acquisition of such Shares and (ii) that in
      the
      event of termination of directorship or employment (or in case of a consultant
      or advisor, engagement by Company or any subsidiary corporation or parent
      corporation of the Company) of participant, other than as a result of dismissal
      without cause, such Participant will not, for a period to be fixed at the time
      of the grant of the Option, enter into any employment or participate directly
      or
      indirectly in any business or enterprise which is competitive with the business
      of the Company or any subsidiary corporation or parent corporation of the
      Company, or enter into any employment in which such employee will be called
      to
      utilize special knowledge obtained through directorship or employment (or in
      the
      case of a consultant or advisor, engagement) with or by the Company or any
      subsidiary corporation or parent corporation thereof.

    

    The
      interpretation of and application by the Committee of any provision of the
      Plan
      shall be final and conclusive. The Committee may in its discretion establish
      such rules and guidelines relating to the Plan, as it may deem
      desirable.

    

    The
      Committee may employ such legal counsel, consultants and agents as it may deem
      desirable for the administration of the Plan and may rely upon any opinion
      received from any such counsel or consultant and any computation received from
      any such consultant or agent. The Committee shall keep minutes of its actions
      under the Plan.

    

    No
      member
      of the Board of Directors or the Committee shall be liable for any action or
      determination made in good faith with respect to the Plan or any Awards granted
      hereunder.

    

    
      	4.	
              Eligibility

            

    

    

    The
      individuals who shall be eligible to participate in the Plan shall be directors,
      officers, employees, consultants and advisors of the Company, or any subsidiary
      corporation or parent corporation of the Company now existing or hereafter
      formed or acquired, as the Committee may from time to time determine. An
      employee who has been granted an Award in one year shall not necessarily be
      entitled to be granted Awards in subsequent years.

    

    
      	5.	
              Stock
                Options

            

    

    

    The
      Committee may grant Options, as follows, which may be designated as (i) NQSOs
      or
      (ii) ISOs intended to qualify under Code Section 422:

    

    
      	 	
              (a)

            	
              Nonqualified
                Stock Options.
                An
                NQSO is a right to purchase a
                specified

            

    

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    number
      of
      shares of Common Stock during such specified time as the Committee may
      determine, not to exceed ten (10) years, at a price determined by the Committee
      that, unless deemed otherwise by the Committee, is not less than the fair market
      value of the Common Stock on the date the option is granted.

    

    
      	 	
              (i)

            	
              The
                purchase price of the Common Stock subject to the NQSO may be paid
                in
                cash. At the discretion of the Committee, the purchase price may
                also be
                paid by the tender of Common Stock or through a combination of Common
                Stock and cash or through such other means as the Committee determines
                are
                consistent with the Plan=s
                purpose and applicable law. No fractional shares of Common Stock
                will be
                issued or accepted.

            

    

    

    
      	 	
              (ii)

            	
              Without
                limiting the foregoing, to the extent permitted by law, (including
                relevant state law), (A) the Committee may agree to accept, as full
                or
                partial payment of the purchase price of Common Stock issued upon
                the
                exercise of the NQSO, a promissory note of the person exercising
                the NQSO
                evidencing the person=s
                obligation to make future cash payments to the Company, which promissory
                note shall be payable as determined by the Company (but in no event
                later
                than five (5) years after the date thereof), shall be secured by
                a pledge
                of the shares of Common Stock purchased and shall bear interest at
                a rate
                established by the Committee and (B) the Committee may also permit
                the
                person exercising the NQSO, either on a selective or aggregate basis,
                to
                simultaneously exercise the NQSO and sell the shares of Common Stock
                acquired, pursuant to a brokerage or similar arrangement approved
                in
                advance by the Committee, and use the proceeds from sale as payment
                of the
                Purchase price of such Common
                Stock.

            

    

    

    
      	 	
              (b)

            	
              Incentive
                Stock Options.
                An
                ISO is an Award in the form of an Option to purchase Common Stock
                that
                complies with the requirements of Code Section 422 or any successor
                section.

            

    

    

    
      	 	
              (i)

            	
              The
                aggregate fair market value (determined at the time of the grant
                of the
                Award) of the shares of Common Stock subject to ISOs which are exercisable
                by one person for the first time during a particular calendar year
                shall
                not exceed $100,000. To the extent that ISOs granted to an employee
                exceed
                the limitation set forth in the preceding sentence, ISOs granted
                last
                shall be treated as NQSOs.

            

    

    

    
      	 	
              (ii)

            	
              No
                ISO may be granted under this Plan on or after the tenth anniversary
                of
                the date this Plan is adopted or the date
                stockholders

            

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    approve
      this Plan, whichever is earlier.

    

    
      	 	
              (iii)

            	
              No
                ISO may be exercisable more than-:

            

    

    

    
      	 	
              (A)

            	
              in
                the case of an employee who is not a Ten Percent Stockholder, within
                the
                meaning of Code Section 422, on the date the ISO is granted; ten
                (10)
                years after the date the ISO is granted;
                and

            

    

    

    
      	 	
              (B)

            	
              in
                the case of an employee who is a Ten Percent Stockholder, within
                the
                meaning of Code Section 422, on the date the ISO is granted, five
                (5)
                years after the date the ISO is
                granted.

            

    

    

    
      	 	
              (iv)

            	
              The
                exercise price of any ISO shall be determined by the Committee and
                shall
                be no less than:

            

    

    

    
      	 	
              (A)

            	
              in
                the case of an employee who is not a Ten Percent Stockholder, on
                the date
                the ISO is granted, the fair market value of the Common Stock subject
                to
                the ISO on such date, and

            

    

    

    
      	 	
              (B)

            	
              in
                the case of an employee who is a Ten Percent Stockholder, on the
                date the
                ISO is granted, not less than 110 percent of the fair market value
                of the
                Common Stock subject to the ISO on such
                date.

            

    

    

    
      	 	
              (v)

            	
              The
                Committee may provide that the option price under an ISO may be paid
                by
                one or more of the methods available for paying the option price
                of an
                NQSO.

            

    

    

    
      	6.	
              Stock
                Appreciation Rights

            

    

    

    An
      SAR is
      a right to receive, upon surrender of the right, but without payment, an amount
      payable in cash.

    

    
      	 	
              (i)

            	
              The
                amount payable with respect to each SAR shall be equal in value to
                the
                applicable percentage of the excess, if any, of the fair market value
                of a
                share of Common Stock on the exercise date over the exercise price
                of the
                SAR. The exercise price of the SAR shall be determined by the Committee
                and shall not be less than the fair market value of a share of Common
                Stock on the date the SAR is
                granted.

            

    

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    
      	
            	(ii)	
              In
                the case of an SAR granted in tandem with an ISO to an employee who
                is a
                Ten Percent Shareholder on the date of such grant, the amount payable
                with
                respect to each SAR shall be equal in value to the applicable percentage
                of the excess, if any, of the fair market value of a share of Common
                Stock
                on the exercise date over the exercise price of the SAR, which
                exercise price
                shall not be less than 110% of the fair market value of a share of
                Common
                Stock on the date the SAR is
                granted.

            

    

    

    
      	 	
              (iii)

            	
              The
                Committee shall establish the applicable percentage and exercise
                price at
                the time the SAR is granted.

            

    

    

    
      	7.	
              Restricted
                Stock

            

    

    

    Restricted
      Stock is Common Stock of the Company that is issued to a participant at a price
      determined by the Committee, which price per share may not be less than the
      par
      value of the Common Stock, and is subject to restrictions on transfer and/or
      such other restrictions on incidents of ownership as the Committee may
      determine.

    

    
      	8.	
              Performance
                Awards

            

    

    

    A
      Performance Award granted under the Plan (i) may be denominated or payable
      in
      cash, Common Stock (including without limitation, Restricted Stock), other
      securities or other Awards and (ii) shall confer on the holder thereof the
      right
      to receive payments, in whole or in part, upon the achievement of such
      performance goals during such performance periods as the Committee shall
      establish. Subject to the terms of the Plan and any applicable Award agreement,
      the performance goals to be achieved during any performance period, the length
      of any performance period, the amount of any Performance Award granted and
      the
      amount of any payment or transfer to be made pursuant to any Performance Award
      shall be determined by the Committee.

    

    
      	9.	
              Other
                Stock-Based Incentive
                Awards

            

    

    

    The
      Committee may from time to time grant Awards under this
      Plan
      that provide the participant with the right to purchase Common Stock
      or that
      are
      valued by reference to the fair market value of the Common Stock (including,
      but
      not limited to, phantom securities or dividend equivalents). Such Awards shall
      be in a form determined by the Committee (and may include terms contingent
      upon
      a change of control of the Company), provided
      that
      such Awards shall not be inconsistent with the terms and purposes of the Plan.
      The Committee will determine the price of any Award and may accept any lawful
      consideration.

    

    
      	10.	
              Price
                and Payment

            

    

    

    If
      the
      Shares are listed
      on
      a national securities exchange in the United States on any date on which the
      fair market value per Share is to be determined, the fair market value per
      Share
      shall be deemed to be the average of the high and low quotations at which such
      Shares are sold on such

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    national
      securities exchange on such date. If the Shares are listed on a national
      securities exchange in the United States on such date but the Shares are not
      traded on such date, the fair market value per Share shall be determined as
      of
      the closest preceding date on which such exchange shall have been
      open
      for business and the Shares were traded. If the Shares are listed on more than
      one national securities exchange in the United States on the date any such
      Option is granted, the Committee shall determine which national securities
      exchange shall be used for the purpose of determining the fair market value
      per
      Share.

    

    If
      a
      public market exists for the
      Shares on any date on which the fair
      market value per Share is to be determined but the Shares are not listed on
      a
      national securities exchange in the United States, the fair market value per
      Share shall be deemed to be the mean between the closing bid and asked
      quotations for the Shares on such date, the fair market value per Share shall
      be
      deemed to be the mean between the closing bid and asked quotations in the
      over-the-counter market for the Shares on the closest date preceding such date
      for which such quotations are available.

    

    If
      no
      public market exists for the Shares on any date on which the fair market value
      per Share is to be determined, the Committee shall, in its sole discretion
      and
      best judgment, determine the fair market value of a Share.

    

    For
      purposes of this Plan, the determination by the Committee of the fair market
      value of a Share shall be conclusive.

    

    Upon
      the
      exercise of an Option, the Company shall cause the purchased Shares to be issued
      only when it shall have received the full purchase price for the Shares in
      cash
      or by certified check-

    

    
      	11.	
              Exercise
                of Options

            

    

    

    Options
      granted under the Plan may be exercised by an optionee only while the employee
      is and, continuously since the date the Option was granted, has been an employee
      of the Company or one of its subsidiaries, except that (i) if the optionee's
      termination of employment is other than for deliberate, willful or gross
      misconduct, any Options held by the optionee may be exercised, to the extent
      then exercisable, for a period of three months after the date of such
      termination of employment; (ii) if such termination of employment is by reason
      of retirement or disability, any Options held by the optionee at the time of
      retirement or disability will be exercisable for a period of 12 months after
      the
      date of such termination of employment; (iii) in the event of death after
      termination of employment pursuant to (i) or
      (ii)
      above, the person or persons to whom the optionee's rights are transferred
      by
      will or the laws of descent and distribution shall have a period of three years
      from the date of termination of the optionee's employment to exercise any
      Options which the optionee could have exercised during such period; and (iv)
      in
      the event of the death of an optionee while employed, any Options then held
      by
      the optionee shall become fully and immediately exercisable and may be exercised
      by the person or persons to whom the optionee's rights are transferred by will
      or the laws of descent and distribution for a period of three years after the
      optionee's death. In no event, however, shall any Option be exercisable after
      the date specified in

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    Section
      5, as applicable.

    

    An
      Option
      granted hereunder shall be exercisable, in whole or in part, only by written
      notice delivered in person or by mail to the Secretary of the Company at its
      principal office, specifying the number of shares of Common Stock to be
      purchased and accompanied by payment thereof and otherwise in accordance with
      the option agreement pursuant to which the Option was granted.

    

    
      	12.	
              Award
                Agreements

            

    

    

    Each
      Award granted under the Plan shall be evidenced by an Award agreement between
      the employee to whom the Award is granted and the Company, setting forth the
      number of shares of Common Stock, SARs, or units subject to the Award and such
      other terms and conditions applicable to the Award not consistent with the
      Plan
      as the Committee may deem appropriate.

    

    
      	13.	
              Tax
                Withholding

            

    

    

    The
      Committee may establish such rules and procedures as it considers desirable
      in
      order to satisfy any obligation of the Company or any subsidiary to withhold
      federal income taxes or other taxes with respect to any Award made under the
      Plan. Such rules and procedures may provide (i) in the case of Awards paid
      in
      shares of Common Stock, that the person receiving the Award may satisfy the
      withholding obligation by instructing the Company to withhold shares of Common
      Stock otherwise issuable upon exercise of such Award in order to satisfy such
      withholding obligation and (ii) in the case of an Award paid in cash, that
      the
      withholding obligation shall be satisfied by withholding the applicable amount
      and paying the net amount in cash to the participant. The employer corporation
      may, in its discretion, hold the stock certificate to which such employee is
      entitled upon the exercise of an Option as security for the payment of such
      withholding tax liability, until sufficient payment of that liability has been
      accumulated.

    

    
      	14.	
              Change
                of Control and Limited
                Rights

            

    

    

    For
      the
      purpose of the Plan, a "Change
      of Control" affecting the Company shall be
      deemed
      to have taken place upon (i) the acquisition by a third person, including a
      "group" as defined in Section 13(d)(3) and 14(d)(2) of the Securities Exchange
      Act of 1934, as amended, of shares of the Company having 51% or more of the
      total number of votes that may be cast for the election of Directors of the
      Company; (ii) shareholder approval of a transaction for the acquisition of
      the
      Company, or substantially all of its assets by another entity or for a merger,
      reorganization, consolidation or other business combination to which the Company
      is a part; or (iii) the election during any period of 24 months or less of
      50%
      or more of the Directors of the Company where such Directors were not in office
      immediately prior to such period provided,
      however, that
      no
      "Change of Control" shall be deemed to have taken place if the Directors of
      the
      Company in office on the date of adoption of the Plan, or their successors
      in
      office nominated by such Directors, affirmatively approve a resolution to such
      effect.

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    In
      the
      event of a Change of Control affecting the Company, then, notwithstanding any
      provision of the Plan or of any provisions of any Award agreements entered
      into
      between the Company and any participant to the contrary, all Awards that have
      not expired and which are then held by any participant (or the person or persons
      to whom any deceased participant's rights have been transferred) shall, as
      of
      such Change of Control, become fully and immediately vested and exercisable
      and
      may be exercised for the remaining term of such Awards.

    

    A
      limited
      right may be awarded by the Committee in connection with any Option granted
      under the Plan with respect to all or some of the shares of Common Stock covered
      by such related Option. A limited right may be granted either at the time the
      Option is granted or thereafter at any time prior to the cancellation, exercise,
      forfeiture, termination or expiration of the Option. A limited right may be
      exercised only during the 60-day period beginning on a Change of Control of
      the
      Company. Notwithstanding the provisions of the immediately preceding sentences,
      no limited right may be exercised by an employee who is subject to Section
      16(b)
      of the Securities Exchange Act of 1934, as amended, until the expiration of
      six
      months from the date of grant of the limited right.

    

    Upon
      the
      exercise of limited rights, the participant shall receive in cash an amount
      equal to the product computed by multiplying (i) the excess of (a) the highest
      fair market value per share of Common Stock during the 60-day period ending
      on
      the date the limited right is exercised (or, if greater, the price offered
      for a
      share of Common Stock pursuant to a tender offer pending during such period)
      over (b) the Option price per share of Common Stock at which the related Option
      is exercisable by (ii) the number of shares of Common Stock with respect to
      which the limited right is being exercised. Notwithstanding the foregoing,
      in
      case of a limited right granted in respect of an ISO, the holder may not receive
      an amount in excess of such amount as will enable such Option to qualify as
      an
      ISO.

    

    Upon
      exercise of a limited right, such related Option and any related SAR shall
      cease
      to be exercisable to the extent of the shares of Common Stock with respect
      to
      which such limited right is exercised. Upon the exercise or termination of
      a
      related Option, the limited right with respect to such related Option shall
      terminate to the extent of the shares of Common Stock with respect to which
      the
      related Option was exercised or terminated.

    

    
      	15.	
              Dilution
                or Other Adjustment

            

    

    

    If
      the
      Company is a party to any merger or consolidation, or undergoes any separation,
      reorganization or liquidation, the Board of Directors of the Company shall
      have
      the power to make arrangements, which shall be binding upon the holders of
      unexpired Awards, for the substitution of new Awards for, or the assumption
      by
      another corporation of, any unexpired Awards then outstanding hereunder. In
      the
      case of any ISO, such action shall be taken only in the manner and to the extent
      permitted by Sections 422 and 424 of the Code. In addition, in the event of
      a
      reclassification, stock split, combination of shares, separation (including
      a
      spin-off), dividend on shares of the Common Stock payable in stock, or other
      similar change in capitalization or in the

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

     

    corporate
      structure of shares of the Common Stock of the Company, the Committee shall
      conclusively determine the appropriate adjustment in the option prices of
      outstanding Options, in the number and kind of shares or other securities as
      to
      which outstanding Awards shall be exercisable, and in the aggregate number
      of
      shares with respect to which Awards may be granted. In the case of any ISO,
      any
      such adjustment in the shares or other securities subject to the ISO (including
      any adjustment in the Option price) shall be made in such manner as not to
      constitute a modification as defined by Section 424(h)(3) of the Code and only
      to the extent permitted by Sections 422 and 424 of the Code.

    

    
      	16.	
              Assignability

            

    

    

    No
      Award
      granted under this Plan shall be sold, pledged, assigned or transferred other
      than by will or the laws of descent and distribution, and Awards shall be
      exercisable during the employee's lifetime only by the employee.

    

    
      	17.	
              Amendment
                or Termination

            

    

    

    The
      Board
      of Directors of the Company may at any time amend, suspend or terminate the
      Plan
provided,
      however,
      that (i)
      no change in any Awards previously granted may be made without the consent
      of
      the holder thereof, (ii) no amendment (other than an amendment authorized by
      Section 15) may be made increasing the aggregate number of shares of the Common
      Stock with respect to which Awards may be granted, reducing the minimum option
      price at which Options may be granted, extending the maximum period during
      which
      Awards may be exercised or changing the class of employees eligible to receive
      Awards hereunder, without the approval of the holders of a majority of the
      outstanding voting shares of the Company.

    

    
      	18.	
              General
                Provisions

            

    

    

    No
      Awards
      may be exercised by the holder thereof if such exercise, and the receipt of
      cash
      or stock thereunder, would be, in the opinion of counsel selected by the
      Company, contrary to law or the regulations of any duly constituted authority
      having jurisdiction over the Plan.

    

    Absence
      on leave approved by a duly constituted officer of the Company or any of its
      subsidiaries shall not be considered interruption or termination of service
      of
      any employee for any purposes of the Plan or Awards granted thereunder, except
      that no Awards may be granted to an employee while he or she is absent on
      leave.

    

    No
      Award
      recipient shall have any rights as a shareholder with respect to any shares
      subject to Awards granted to him or her under the Plan prior to the date as
      of
      which he or she is actually recorded as the holder of such shares upon the
      stock
      records of the Company.

    

    Nothing
      contained in the Plan or in Awards granted thereunder shall confer upon any
      employee any right to continue in the employ of the Company or any of its
      subsidiaries or interfere in

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    any
      way
      with the right of the Company or any of its subsidiaries to terminate his or
      her
      employment at any time.

    

    Any
      Award
      agreement may provide that stock issued upon exercise of any Awards may be
      subject to such restrictions, including, without limitation, restrictions as
      to
      transferability and restrictions constituting substantial risks or forfeiture
      as
      the Committee may determine at the time such Award is granted.

    

    
      	19.	
              Effective
                Date

            

    

    

    The
      Plan
      shall become effective on the date of its adoption by the Board of Directors
      of
      the Company subject to approval of the Plan by the holders of a majority of
      the
      outstanding voting shares of the Company within 12 months after the date of
      the
      Plan's adoption by said Board of Directors. In the event of the failure to
      obtain such shareholder approval, the Plan shall be null and void and the
      Company shall have no liability thereunder. No Award granted under the Plan
      shall be exercisable until such shareholder approval has been
      obtained.

    

    
      	20.	
              Termination

            

    

    

    No
      Award
      may be granted under the Plan on or after the date which is ten (10) years
      following the effective date specified in Section 19, but Awards previously
      granted may be exercised in accordance with their terms.

    

    
      	21.	
              Governing
                Law

            

    

    

    The
      Plan
      and such Options as may be granted thereunder and all related matters shall
      be
      governed by, and construed and enforced in accordance with, the laws of the
      State of Delaware, from time to time obtaining, without giving effect to
      conflict of law principles thereof.

     

     

    
      
         

      

        -10-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]