Document:

ASIA
        TIME CORPORATION

       

      AMENDED
        AND RESTATED

      2008
        EQUITY INCENTIVE PLAN

       

      ARTICLE
        ONE

       

      GENERAL
        PROVISIONS

       

      
        	 	
                I.

              	
                PURPOSE
                  OF THE PLAN

              

      

       

      This
        2008
        Equity Incentive Plan is intended to promote the interests of ASIA TIME
        CORPORATION, a Delaware corporation, by providing eligible persons in the
        Corporation’s employ or service with the opportunity to acquire a proprietary
        interest, or otherwise increase their proprietary interest, in the Corporation
        as an incentive for them to continue in such employ or service. 

       

      Capitalized
        terms herein shall have the meanings assigned to such terms in the attached
        Appendix.

       

      
        	 	
                II.

              	
                STRUCTURE
                  OF THE PLAN

              

      

       

      A. The
        Plan
        shall be divided into two (2) separate equity programs:

       

      (i) the
        Option Grant Program under which eligible persons may, at the discretion
        of the
        Plan Administrator, be granted options to purchase shares of Common Stock,
        and

       

      (ii) the
        Stock
        Issuance Program under which eligible persons may, at the discretion of the
        Plan
        Administrator, be issued shares of Common Stock directly, either through
        the
        immediate purchase of such shares or as a bonus for services rendered the
        Corporation (or any Parent or Subsidiary). 

       

      B. The
        provisions of Articles One and Four shall apply to both equity programs under
        the Plan and shall accordingly govern the interests of all persons under
        the
        Plan.

       

      
        	 	
                III.

              	
                ADMINISTRATION
                  OF THE PLAN

              

      

       

      A. The
        Plan
        shall be administered by the Board. However, any or all administrative functions
        otherwise exercisable by the Board may be delegated to the Committee. Members
        of
        the Committee shall serve for such period of time as the Board may determine
        and
        shall be subject to removal by the Board at any time. The Board may also
        at any
        time terminate the functions of the Committee and reassume all powers and
        authority previously delegated to the Committee.

       

      
        
           

        

        
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      B. The
        Plan
        Administrator shall have full power and authority (subject to the provisions
        of
        the Plan) to establish such rules and regulations as it may deem appropriate
        for
        proper administration of the Plan and to make such determinations under,
        and
        issue such interpretations of, the Plan and any outstanding options or stock
        issuances thereunder as it may deem necessary or advisable. Decisions of
        the
        Plan Administrator shall be final and binding on all parties who have an
        interest in the Plan or any option grant or stock issuance
        thereunder.

       

      
        	 	
                IV.

              	
                ELIGIBILITY

              

      

       

      A. The
        persons eligible to participate in the Plan are as follows:

       

      (i) Employees,

       

      (ii) non-employee
        members of the Board or the non-employee members of the board of directors
        of
        any Parent or Subsidiary, and

       

      (iii) consultants
        and other independent advisors who provide services to the Corporation (or
        any
        Parent or Subsidiary).

       

      B. The
        Plan
        Administrator shall have full authority to determine, (i) with respect to
        the
        grants made under the Option Grant Program, which eligible persons are to
        receive such grants, the time or times when those grants are to be made,
        the
        number of shares to be covered by each such grant, the status of the granted
        option as either an Incentive Option or a Non-Statutory Option, the time
        or
        times when each option is to become exercisable, the vesting schedule (if
        any)
        applicable to the option shares and the maximum term for which the option
        is to
        remain outstanding, and (ii) with respect to stock issuances made under the
        Stock Issuance Program, which eligible persons are to receive such issuances,
        the time or times when those issuances are to be made, the number of shares
        to
        be issued to each Participant, the vesting schedule (if any) applicable to
        the
        issued shares and the consideration to be paid by the Participant for such
        shares.

       

      C. The
        Plan
        Administrator shall have the absolute discretion either to grant options
        in
        accordance with the Option Grant Program or to effect stock issuances in
        accordance with the Stock Issuance Program.

       

      
        	 	
                V.

              	
                STOCK
                  SUBJECT TO THE PLAN

              

      

       

      A. The
        stock
        issuable under the Plan shall be shares of authorized but unissued or reacquired
        Common Stock. The maximum number of shares of Common Stock which may be issued
        over the term of the Plan shall not exceed Two Million Five Hundred Thousand
        (2,500,000) shares. The aggregate number of shares of Common Stock that the
        Plan
        Administrator may issue pursuant to the Plan during any twelve (12) month
        period
        during the term of the Plan may not exceed ten percent (10%) of the average
        number of issued and outstanding shares during such twelve (12) month
        period.

       

      
        
           

        

        
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      B. Shares
        of
        Common Stock subject to outstanding options shall be available for subsequent
        issuance under the Plan to the extent (i) the options expire or terminate
        for
        any reason prior to exercise in full or (ii) the options are cancelled in
        accordance with the cancellation-regrant provisions of Article Two. Unvested
        shares issued under the Plan and subsequently repurchased by the Corporation,
        at
        a price per share not greater than the option exercise or direct issue price
        paid per share, pursuant to the Corporation’s repurchase rights under the Plan
        shall be added back to the number of shares of Common Stock reserved for
        issuance under the Plan and shall accordingly be available for reissuance
        through one or more subsequent option grants or direct stock issuances under
        the
        Plan.

       

      C. Should
        any change be made to the Common Stock by reason of any stock split, stock
        dividend, recapitalization, combination of shares, exchange of shares or
        other
        change affecting the outstanding Common Stock as a class without the
        Corporation’s receipt of consideration, proportionate adjustments shall be made
        to (i) the maximum number and/or class of securities issuable under the Plan,
        including the number of shares by which the maximum number of shares may
        be
        increased annually, and the per individual limitations on the number of shares
        of Common Stock that may be issued and (ii) the number and/or class of
        securities and the exercise price per share in effect under each outstanding
        option in order to prevent the dilution or enlargement of benefits thereunder.
        The adjustments determined by the Plan Administrator shall be final, binding
        and
        conclusive. In no event shall any such adjustments be made in connection
        with
        the conversion of one or more outstanding shares of the Corporation’s preferred
        stock into shares of Common Stock.

       

      ARTICLE
        TWO

       

      OPTION
        GRANT PROGRAM

       

      
        	 	
                I.

              	
                OPTION
                  TERMS

              

      

       

      Each
        option shall be evidenced by one or more documents in the form approved by
        the
        Plan Administrator; provided,
        however,
        that
        each such document shall comply with the terms specified below. Each document
        evidencing an Incentive Option shall, in addition, be subject to the provisions
        of the Plan applicable to such options.

       

      A. Exercise
        Price.

       

      1. The
        exercise price per share shall be fixed by the Plan Administrator in accordance
        with the following provisions:

       

      
        
           

        

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

       

      (ii) Until
        such time as the Corporation becomes subject to the reporting requirements
        of
        Section 13 or 15(d) of the 1934 Act, if the person to whom the option is
        granted
        is a 10% Stockholder, then the exercise price per share shall not be less
        than
        one hundred ten percent (110%) of the Fair Market Value per share of Common
        Stock on the option grant date.

       

      2. The
        exercise price shall become immediately due upon exercise of the option and
        shall, subject to the provisions of Section I of Article Four and the documents
        evidencing the option, be payable in cash or check made payable to the
        Corporation. Should the Common Stock be registered under Section 12 of the
        1934
        Act at the time the option is exercised, then the exercise price may also
        be
        paid as follows:

       

      (i) in
        shares
        of Common Stock held for the requisite period necessary to avoid a charge
        to the
        Corporation’s earnings for financial reporting purposes and valued at Fair
        Market Value on the Exercise Date, or

       

      (ii) to
        the
        extent the option is exercised for vested Option Shares and unless prohibited
        by
        Section 402 of the Sarbanes Oxley Act of 2002, through payment in accordance
        with a brokerage transaction as permitted under the provisions of Regulation
        T
        applicable to cashless exercises promulgated by the Federal Reserve Board
        out of
        the sale proceeds available on the settlement date of sufficient funds to
        cover
        the aggregate exercise price payable for the purchased shares plus all
        applicable income and employment taxes required to be withheld by the
        Corporation by reason of such exercise and the Optionee shall concurrently
        provide irrevocable instructions to the Corporation to deliver the certificates
        for the purchased shares directly to a brokerage firm in order to complete
        the
        sale.

       

      Except
        to
        the extent such sale and remittance procedure is utilized, payment of the
        exercise price for the purchased shares must be made on the Exercise
        Date.

       

      B. Exercise
        and Term of Options.
        Each
        option shall be exercisable at such time or times, during such period and
        for
        such number of shares as shall be determined by the Plan Administrator and
        set
        forth in the documents evidencing the option grant. However, no option shall
        have a term in excess of ten (10) years measured from the option grant
        date.

       

      C. Effect
        of Termination of Service.

       

      1. The
        following provisions shall govern the exercise of any options held by the
        Optionee at the time of cessation of Service or death:

       

      
        
           

        

        
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      (i) Should
        the Optionee cease to remain in Service for any reason other than death,
        Disability or Misconduct, then the Optionee shall have a period of thirty
        (30)
        days following the date of such cessation of Service during which to exercise
        each outstanding option held by such Optionee.

       

      (ii) Should
        Optionee’s Service terminate by reason of Disability, then the Optionee shall
        have a period of six (6) months following the date of such cessation of Service
        during which to exercise each outstanding option held by such Optionee.

       

      (iii) If
        the
        Optionee dies while holding an outstanding option, then the personal
        representative of his or her estate or the person or persons to whom the
        option
        is transferred pursuant to the Optionee’s will or the laws of inheritance or the
        Optionee’s designated beneficiary or beneficiaries of that option shall have a
        six (6)-month period following the date of the Optionee’s death to exercise such
        option. 

       

      (iv) Under
        no
        circumstances, however, shall any such option be exercisable after the specified
        expiration of the option term.

       

      (v) During
        the applicable post-Service exercise period, the option may not be exercised
        in
        the aggregate for more than the number of vested shares for which the option
        is
        exercisable on the date of the Optionee’s cessation of Service. Upon the
        expiration of the applicable exercise period or (if earlier) upon the expiration
        of the option term, the option shall terminate and cease to be outstanding
        for
        any vested shares for which the option has not been exercised. However, the
        option shall, immediately upon the Optionee’s cessation of Service, terminate
        and cease to be outstanding with respect to any and all option shares for
        which
        the option is not otherwise at the time exercisable or in which the Optionee
        is
        not otherwise at that time vested. 

       

      (vi) Should
        Optionee’s Service be terminated for Misconduct or should Optionee otherwise
        engage in Misconduct while holding one or more outstanding options under
        the
        Plan, then all those options shall terminate immediately and cease to remain
        outstanding.

       

      2. The
        Plan
        Administrator shall have the discretion, exercisable either at the time an
        option is granted or at any time while the option remains outstanding,
        to:

       

      (i) extend
        the period of time for which the option is to remain exercisable following
        Optionee’s cessation of Service or death from the limited period otherwise in
        effect for that option to such greater period of time as the Plan Administrator
        shall deem appropriate, but in no event beyond the expiration of the option
        term, and/or

       

      
        
           

        

        
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      (ii) permit
        the option to be exercised, during the applicable post-Service exercise period,
        not only with respect to the number of vested shares of Common Stock for
        which
        such option is exercisable at the time of the Optionee’s cessation of Service
        but also with respect to one or more additional installments in which the
        Optionee would have vested under the option had the Optionee continued in
        Service.

       

      D. Stockholder
        Rights.
        The
        holder of an option shall have no stockholder rights with respect to the
        shares
        subject to the option until such person shall have exercised the option,
        paid
        the exercise price and become the recordholder of the purchased
        shares.

       

      E. Exercisability
        and Unvested Shares.
        Options
        shall be exercisable at such time or times and subject to such waiting periods,
        exercise dates, restrictions on exercise and other terms and conditions as
        shall
        be determined by the Plan Administrator at or after the time of grant. The
        Plan
        Administrator shall have the discretion to grant options which are exercisable
        for unvested shares of Common Stock. A Participant shall vest separately
        in each
        Option granted hereunder in accordance with a schedule determined by the
        Plan
        Administrator, in its sole discretion. The Plan Administrator may provide,
        in
        its discretion, that any option shall be exercisable only in installments,
        and
        the Plan Administrator may waive such installment exercise provisions at
        any
        time in whole or in part based on such factors as the Plan Administrator
        may
        determine in its sole discretion. Should the Optionee cease Service while
        holding such unvested shares, the Corporation shall have the right to repurchase
        any or all of those unvested shares at a price per share equal to the
        lower of (i)
        the
        exercise price paid per share or (ii) the Fair Market Value per share of
        Common
        Stock at the time of Optionee’s cessation of Service. The terms upon which such
        repurchase right shall be exercisable (including the period and procedure
        for
        exercise and the appropriate vesting schedule for the purchased shares) shall
        be
        established by the Plan Administrator and set forth in the document evidencing
        such repurchase right. Until such time as the Corporation becomes subject
        to the
        reporting requirements of Section 13 or 15(d) of the 1934 Act, the Plan
        Administrator may not impose a vesting schedule upon any option grant or
        the
        shares of Common Stock subject to the right of repurchase which is more
        restrictive than twenty percent (20%) per year vesting, with the initial
        vesting
        to occur not later than one (1) year after the option grant date. However,
        such
        limitation shall not be applicable to any option grants made to individuals
        who
        are officers of the Corporation, non-employee Board members or independent
        consultants.

       

      F. Individual
        Limit.
        In any
        calendar year, no Participant may receive options that relate to more than
        Two
        Million (2,000,000) shares. The foregoing limitation will be adjusted
        proportionately in connection with any change in the Corporation’s
        capitalization as described in Section V.C. of Article I. If an option is
        cancelled in the same calendar year in which it was granted (other than in
        connection with a Change of Control) the cancelled option will be counted
        against the limit set forth in this subsection F. For this purpose, if the
        exercise price of an option is reduced, the transaction will be treated as
        a
        cancellation of the option and the grant of a new option. This subsection
        F
        applies only with respect to option grants that are made at the end of the
        transition period prescribed by the regulations under Code Section
        162(m).

       

      
        
           

        

        
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      G. Limited
        Transferability of Options.
        An
        Incentive Stock Option shall be exercisable only by the Optionee during his
        or
        her lifetime and shall not be assignable or transferable other than by will
        or
        by the laws of inheritance following the Optionee’s death. If permitted by
        applicable law and if the Agreement so provides, a Non-Statutory Option may
        be
        transferred by an Optionee to the Optionee’s family members as a gift, whether
        directly or indirectly, or by means of a trust or partnership or otherwise,
        or
        pursuant to a qualified domestic relations order as defined in the Code or
        Title
        1 of the Employee Retirement Income Security Act of 1974, as amended,
provided,
        that,
        if the
        Corporation is subject to the reporting requirements of Section 13 or 15(d)
        of
        the Exchange Act, then as otherwise permitted pursuant to General Instructions
        A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended, or any
        successor thereto. For purposes of this Plan, unless otherwise determined
        by the
        Plan Administrator, "family
        member"
        shall
        have the meaning given to such term in Rule 701 promulgated under the Securities
        Act, provided,
        that,
        if the
        Corporation is subject to the reporting requirements of Section 13 or 15(d)
        of
        the Exchange Act, then it shall have the meaning given to such term in General
        Instructions A.1(a)(5) to Form S-8 under the Securities Act of 1933, as amended,
        or any successor thereto.  The
        assigned portion may only be exercised by the person or persons who acquire
        a
        proprietary interest in the Non-Statutory Option pursuant to the assignment.
        The
        terms applicable to the assigned portion shall be the same as those in effect
        for the option immediately prior to such assignment and shall be set forth
        in
        such documents issued to the assignee as the Plan Administrator may deem
        appropriate. Notwithstanding the foregoing, the Optionee may also designate
        one
        or more persons as the beneficiary or beneficiaries of his or her outstanding
        options under the Plan, and those options shall, in accordance with such
        designation, automatically be transferred to such beneficiary or beneficiaries
        upon the Optionee’s death while holding those options. Such beneficiary or
        beneficiaries shall take the transferred options subject to all the terms
        and
        conditions of the applicable agreement evidencing each such transferred option,
        including (without limitation) the limited time period during which the option
        may be exercised following the Optionee’s death.

       

      
        	 	
                II.

              	
                INCENTIVE
                  OPTIONS

              

      

       

      The
        terms
        specified below shall be applicable to all Incentive Options. Except as modified
        by the provisions of this Section II, all the provisions of Articles One,
        Two
        and Four shall be applicable to Incentive Options. Options which are
        specifically designated as Non-Statutory Options shall not be subject to
        the
        terms of this Section II.

       

      A. Eligibility.
        Incentive Options may only be granted to Employees.

       

      B. Exercise
        Price.
        The
        exercise price per share shall not be less than one hundred percent (100%)
        of
        the Fair Market Value per share of Common Stock on the option grant date;
        provided,
        however,
        that if
        the person to whom the option is granted is a 10% Stockholder, then the exercise
        price per share shall not be less than one hundred ten percent (110%) of
        the
        Fair Market Value per share of Common Stock on the option grant
        date.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      C. Dollar
        Limitation.
        The
        aggregate Fair Market Value of the shares of Common Stock (determined as
        of the
        respective date or dates of grant) for which one or more options granted
        to any
        Employee under the Plan (or any other option plan of the Corporation or any
        Parent or Subsidiary) may for the first time become exercisable as Incentive
        Options during any one (1) calendar year shall not exceed the sum of One
        Hundred
        Thousand Dollars ($100,000). To the extent the Employee holds two (2) or
        more
        such options which become exercisable for the first time in the same calendar
        year, the foregoing limitation on the exercisability of such options as
        Incentive Options shall be applied on the basis of the order in which such
        options are granted.

       

      D. 10%
        Stockholder.
        If any
        Employee to whom an Incentive Option is granted is a 10% Stockholder, then
        the
        option term shall not exceed five (5) years measured from the option grant
        date.

       

      
        	 	
                III.

              	
                CHANGE
                  IN CONTROL

              

      

       

      A. In
        the
        event of a pending or threatened Change of Control, the Plan Administrator
        may,
        in its sole and absolute discretion, and to the extent the acceleration of
        options is not subject to other limitations imposed by the Plan Administrator
        at
        the time of the option grant or otherwise in accordance with the terms of
        the
        Plan, take any one or more of the following actions: 

       

      (i) provide
        that some or all of the options outstanding under the Plan at the time of
        a
        Change in Control shall automatically vest in full so that each such option
        shall, immediately prior to the effective date of the Change in Control,
        become
        exercisable for all of the shares of Common Stock at the time subject to
        that
        option and may be exercised for any or all of those shares as fully-vested
        shares of Common Stock; or

       

      (ii) provide
        that some or all of the outstanding options previously granted under the
        Plan,
        whether or not then exercisable, shall terminate as of a date before or at
        the
        time of the Change of Control without any payment to the holder of the option,
        provided the Plan Administrator gives prior written notice to the Participants
        of such termination and gives such Participants the right to exercise their
        outstanding options before such date to the extent then exercisable;
        or

       

      (iii) provide
        that some or all of the options will be assumed by the successor corporation
        (or
        parent thereof) or otherwise continued in full force and effect pursuant
        to the
        terms of the Change in Control transaction in effect; or 

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      (iv) provide
        that at or immediately following the consummation of the Change in Control,
        some
        or all outstanding options shall terminate and cease to be outstanding, except
        to the extent assumed by the successor corporation (or parent thereof) or
        otherwise continued in effect pursuant to the terms of the Change in Control
        transaction; or

       

      (v) provide
        that some or all outstanding options are to be replaced with a cash incentive
        program of the Corporation or any successor corporation which preserves the
        spread existing on the unvested option shares at the time of the Change in
        Control and provides for subsequent payout of that spread in accordance with
        the
        same vesting schedule applicable to those unvested option shares;
        or

       

      (vi) provide
        that before or at the time of the Change of Control some or all outstanding
        options previously granted under the Plan shall terminate, whether or not
        then
        exercisable, in consideration of payment to the holder of the option, with
        respect to each share of Common Stock for which the option is then exercisable,
        of the excess, if any, of the Fair Market Value on such date of the Common
        Stock
        subject to the exercisable portion of the option over the exercise price
        of such
        option; or

       

      (vii) provide
        that upon the occurrence of a Change in Control, some or all outstanding
        options
        previously granted under the Plan shall be subject to the terms of any
        applicable agreement of merger or reorganization relating to such Change
        in
        Control.

       

      B. In
        the
        event of a pending or threatened Change of Control, the Plan Administrator
        may,
        in its sole and absolute discretion, and to the extent the treatment of
        outstanding repurchase rights are not subject to other limitations imposed
        by
        the Plan Administrator at the time the repurchase right is issued or otherwise
        in accordance with the terms of the Plan, take any one or more of the following
        actions: 

       

      (i) provide
        that some or all outstanding repurchase rights shall terminate automatically,
        and the shares of Common Stock subject to those terminated rights shall
        immediately vest in full, in the event of any Change in Control; or

       

      (ii) provide
        that some or all of the shares of Common Stock subject to outstanding repurchase
        rights shall be exchanged or otherwise converted into the right to receive
        cash
        or other adequate consideration (including, without limitation, such
        consideration as received by other stockholders of the Company in connection
        with the Change in Control); or

       

      (iii) provide
        that some or all repurchase rights are assigned to the successor corporation
        (or
        parent thereof) or otherwise continue in full force and effect pursuant to
        the
        terms of the Change in Control transaction; or

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      (iv) provide
        that some or all unvested shares will be repurchased before or on the Control
        Change Date pursuant to the Corporation’s right of repurchase; or

       

      (v) provide
        that upon the occurrence of a Change in Control, some or all of the shares
        of
        Common Stock subject to outstanding repurchase rights shall be subject to
        the
        terms of any applicable agreement of merger or reorganization relating to
        such
        Change in Control.

       

      C. If
        applicable, each option which is assumed in connection with a Change in Control
        or otherwise continued in effect shall be appropriately adjusted, immediately
        after such Change in Control, to apply to the number and class of securities
        which would have been issuable to the Optionee in consummation of such Change
        in
        Control, had the option been exercised immediately prior to such Change in
        Control. Appropriate adjustments shall also be made to (i) the number and
        class
        of securities available for issuance under the Plan following the consummation
        of such Change in Control and (ii) the exercise price payable per share under
        each outstanding option, provided
        the
        aggregate exercise price payable for such securities shall remain the same.
        To
        the extent the actual holders of the Corporation’s outstanding Common Stock
        receive cash consideration for their Common Stock in consummation of the
        Change
        in Control, the successor corporation may, in connection with the assumption
        of
        the outstanding options under this Plan, substitute one or more shares of
        its
        own common stock with a fair market value equivalent to the cash consideration
        paid per share of Common Stock in such Change in Control.

       

      D. The
        Plan
        Administrator shall have the discretion, exercisable either at the time the
        option is granted or at any time while the option remains outstanding, to
        structure one or more options so that those options shall automatically
        accelerate and vest in full (and any repurchase rights of the Corporation
        with
        respect to the unvested shares subject to those options shall immediately
        terminate) upon the occurrence of a Change in Control, whether or not those
        options are to be assumed in the Change in Control or otherwise continued
        in
        effect.

       

      E. The
        Plan
        Administrator shall also have full power and authority, exercisable either
        at
        the time the option is granted or at any time while the option remains
        outstanding, to structure such option so that the shares subject to that
        option
        will automatically vest on an accelerated basis should the Optionee’s Service
        terminate by reason of an Involuntary Termination within a designated period
        (not to exceed eighteen (18) months) following the effective date of any
        Change
        in Control in which the option is assumed or otherwise continued in effect
        and
        the repurchase rights applicable to those shares do not otherwise terminate.
        Any
        option so accelerated shall remain exercisable for the fully-vested option
        shares until the expiration or sooner termination of the option term. In
        addition, the Plan Administrator may provide that one or more of the
        Corporation’s outstanding repurchase rights with respect to shares held by the
        Optionee at the time of such Involuntary Termination shall immediately terminate
        on an accelerated basis, and the shares subject to those terminated rights
        shall
        accordingly vest at that time.

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      F. The
        portion of any Incentive Option accelerated in connection with a Change in
        Control shall remain exercisable as an Incentive Option only to the extent
        the
        applicable One Hundred Thousand Dollar ($100,000) limitation is not exceeded.
        To
        the extent such dollar limitation is exceeded, the accelerated portion of
        such
        option shall be exercisable as a Non-Statutory Option under the Federal tax
        laws.

       

      G. The
        grant
        of options under the Plan shall in no way affect the right of the Corporation
        to
        adjust, reclassify, reorganize or otherwise change its capital or business
        structure or to merge, consolidate, dissolve, liquidate or sell or transfer
        all
        or any part of its business or assets.

       

      
        	 	
                IV.

              	
                CANCELLATION
                  AND REGRANT OF OPTIONS

              

      

       

      The
        Plan
        Administrator shall have the authority to effect, at any time and from time
        to
        time, with the consent of the affected option holders, the cancellation of
        any
        or all outstanding options under the Plan and to grant in substitution therefor
        new options covering the same or different number of shares of Common Stock
        but
        with an exercise price per share based on the Fair Market Value per share
        of
        Common Stock on the new option grant date.

       

      ARTICLE
        THREE

       

      STOCK
        ISSUANCE PROGRAM

       

      
        	 	
                I.

              	
                STOCK
                  ISSUANCE TERMS

              

      

       

      Shares
        of
        Common Stock may be issued under the Stock Issuance Program through direct
        and
        immediate issuances without any intervening option grants. Each such stock
        issuance shall be evidenced by a Stock Issuance Agreement which complies
        with
        the terms specified below.

       

      A. Purchase
        Price.

       

      1. The
        purchase price per share shall be fixed by the Plan Administrator but shall
        not
        be less than eighty-five percent (85%) of the Fair Market Value per share
        of
        Common Stock on the issue date. However, the purchase price per share of
        Common
        Stock issued to a 10% Stockholder shall not be less than one hundred percent
        (100%) of such Fair Market Value.

       

      2. Subject
        to the provisions of Section I of Article Four, shares of Common Stock may
        be
        issued under the Stock Issuance Program for any of the following items of
        consideration which the Plan Administrator may deem appropriate in each
        individual instance:

       

      (i) cash
        or
        check made payable to the Corporation, or

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      (ii) past
        services rendered to the Corporation (or any Parent or Subsidiary).

       

      B. Vesting
        Provisions.

       

      1. Shares
        of
        Common Stock issued under the Stock Issuance Program may, in the discretion
        of
        the Plan Administrator, be fully and immediately vested upon issuance or
        may
        vest in one or more installments over the Participant’s period of Service or
        upon attainment of specified performance objectives. Until such time as the
        Corporation becomes subject to the reporting requirements of Section 13 or
        15(d)
        of the 1934 Act, the Plan Administrator may not impose a vesting schedule
        upon
        any stock issuance effected under the Stock Issuance Program which is more
        restrictive than twenty percent (20%) per year vesting, with initial vesting
        to
        occur not later than one (1) year after the issuance date. Such limitation
        shall
        not apply to any Common Stock issuances made to the officers of the Corporation,
        non-employee Board members or independent consultants.

       

      2. Any
        new,
        substituted or additional securities or other property (including money paid
        other than as a regular cash dividend) which the Participant may have the
        right
        to receive with respect to the Participant’s unvested shares of Common Stock by
        reason of any stock dividend, stock split, recapitalization, combination
        of
        shares, exchange of shares or other change affecting the outstanding Common
        Stock as a class without the Corporation’s receipt of consideration shall be
        issued subject to (i) the same vesting requirements applicable to the
        Participant’s unvested shares of Common Stock and (ii) such escrow arrangements
        as the Plan Administrator shall deem appropriate.

       

      3. The
        Participant shall have full stockholder rights with respect to any shares
        of
        Common Stock issued to the Participant under the Stock Issuance Program,
        whether
        or not the Participant’s interest in those shares is vested. Accordingly, the
        Participant shall have the right to vote such shares and to receive any regular
        cash dividends paid on such shares. 

       

      4. Should
        the Participant cease to remain in Service while holding one or more unvested
        shares of Common Stock issued under the Stock Issuance Program or should
        the
        performance objectives not be attained with respect to one or more such unvested
        shares of Common Stock, then those shares shall be immediately surrendered
        to
        the Corporation for cancellation, and the Participant shall have no further
        stockholder rights with respect to those shares. To the extent the surrendered
        shares were previously issued to the Participant for consideration paid in
        cash
        or cash equivalent (including the Participant’s purchase-money indebtedness),
        the Corporation shall repay to the Participant the
        lower of (i)
        the
        cash consideration paid for the surrendered shares or (ii) the Fair Market
        Value
        of the shares at the time of Participant’s cessation of service and shall cancel
        the unpaid principal balance of any outstanding purchase-money note of the
        Participant attributable to such surrendered shares by the applicable clause
        (i)
        or (ii) amount.

       

      5. The
        Plan
        Administrator may in its discretion waive the surrender and cancellation
        of one
        or more unvested shares of Common Stock (or other assets attributable thereto)
        which would otherwise occur upon the non-completion of the vesting schedule
        applicable to those shares. Such waiver shall result in the immediate vesting
        of
        the Participant’s interest in the shares of Common Stock as to which the waiver
        applies. Such waiver may be effected at any time, whether before or after
        the
        Participant’s cessation of Service or the attainment or non-attainment of the
        applicable performance objectives.

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      
        	 	
                II.

              	
                CHANGE
                  IN CONTROL

              

      

       

      A. In
        the
        event of a pending or threatened Change of Control, the Plan Administrator
        may,
        in its sole and absolute discretion, and to the extent the treatment of
        repurchase rights is not subject to other limitations imposed by the Plan
        Administrator at the time of issuance of the repurchase right or otherwise
        in
        accordance with the terms of the Plan, take any one or more of the following
        actions: 

       

      (i) provide
        that upon the occurrence of a Change in Control, some or all outstanding
        repurchase rights under the Stock Issuance Program shall terminate
        automatically, and the shares of Common Stock subject to those terminated
        rights
        shall immediately vest in full; or 

       

      (ii) provide
        that upon the occurrence of a Change in Control, some or all of the shares
        of
        Common Stock subject to outstanding repurchase rights under the Stock Issuance
        Program shall be exchanged or otherwise converted into the right to receive
        cash
        or other adequate consideration (including, without limitation, such
        consideration as received by other stockholders of the Company in connection
        with the Change in Control; or

       

      (iii) provide
        that those repurchase rights are assigned to the successor corporation (or
        parent thereof) or otherwise continued in full force and effect pursuant
        to the
        terms of the Change in Control transaction; or

       

      (iv) provide
        that some or all shares subject to the Corporation’s right of repurchase will be
        repurchased before or at the time of the Change of Control; or

       

      (v) provide
        that upon the occurrence of a Change in Control, some or all of the shares
        of
        Common Stock subject to outstanding repurchase rights under the Stock Issuance
        Program shall be subject to the terms of any applicable agreement of merger
        or
        reorganization relating to such Change in Control.

       

      B. The
        Plan
        Administrator shall have the discretionary authority, exercisable either
        at the
        time the unvested shares are issued or any time while the Corporation’s
        repurchase rights with respect to those shares remain outstanding, to provide
        that those rights shall automatically terminate on an accelerated basis,
        and the
        shares of Common Stock subject to those terminated rights shall immediately
        vest, in the event the Participant’s Service should subsequently terminate by
        reason of an Involuntary Termination within a designated period (not to exceed
        eighteen (18) months) following the effective date of any Change in Control
        in
        which those repurchase rights are assigned to the successor corporation (or
        parent thereof) or otherwise continued in full force and effect.

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      
        	 	
                III.

              	
                SHARE
                  ESCROW/LEGENDS

              

      

       

      Unvested
        shares may, in the Plan Administrator’s discretion, be held in escrow by the
        Corporation until the Participant’s interest in such shares vests or may be
        issued directly to the Participant with restrictive legends on the certificates
        evidencing those unvested shares. 

       

      ARTICLE
        FOUR

       

      MISCELLANEOUS

       

      
        	 	
                I.

              	
                FINANCING

              

      

       

      To
        the
        extent permitted by applicable law, the Plan Administrator may permit any
        Optionee or Participant to pay the option exercise price under the Option
        Grant
        Program or the purchase price for shares issued under the Stock Issuance
        Program
        by delivering a full-recourse promissory note payable in one or more
        installments which bears interest at a market rate and is secured by the
        purchased shares. However, any promissory note delivered by a consultant
        must be
        secured by collateral in addition to the purchased shares of Common Stock.
        In no
        event may the maximum credit available to the Optionee or Participant exceed
        the
        sum of (i) the aggregate option exercise price or purchase price payable
        for the
        purchased shares plus (ii) any applicable income and employment tax liability
        incurred by the Optionee or the Participant in connection with the option
        exercise or share purchase.

       

      
        	 	
                II.

              	
                EFFECTIVE
                  DATE AND TERM OF PLAN

              

      

       

      A. The
        Plan
        shall become effective when approved by the Corporation’s stockholders. The Plan
        Administrator may grant options and issue shares under the Plan at any time
        after the effective date of the Plan and before the date fixed herein for
        termination of the Plan.

       

      B. The
        Plan
        shall terminate upon the earliest
        of (i)
        the expiration of the ten (10)-year period measured from the date the Plan
        is
        adopted by the Board, (ii) the date on which all shares available for issuance
        under the Plan shall have been issued as vested shares or (iii) the termination
        of all outstanding options in connection with a Change in Control. All options
        and unvested stock issuances outstanding at the time of a clause (i) termination
        event shall continue to have full force and effect in accordance with the
        provisions of the documents evidencing those options or issuances.

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      
        	 	
                III.

              	
                AMENDMENT
                  OF THE PLAN

              

      

       

      A. The
        Board
        shall have complete and exclusive power and authority to amend or modify
        the
        Plan in any or all respects. However, no such amendment or modification shall
        adversely affect the rights and obligations with respect to options or unvested
        stock issuances at the time outstanding under the Plan unless the Optionee
        or
        the Participant consents to such amendment or modification. In addition,
        certain
        amendments may require stockholder approval pursuant to applicable laws and
        regulations.

       

      B. Options
        may be granted under the Option Grant Program and shares may be issued under
        the
        Stock Issuance Program which are in each instance in excess of the number
        of
        shares of Common Stock then available for issuance under the Plan, provided
        any
        excess shares actually issued under those programs shall be held in escrow
        until
        there is obtained stockholder approval of an amendment sufficiently increasing
        the number of shares of Common Stock available for issuance under the Plan.
        If
        such stockholder approval is not obtained within twelve (12) months after
        the
        date the first such excess grants or issuances are made, then (i) any
        unexercised options granted on the basis of such excess shares shall terminate
        and cease to be outstanding and (ii) the Corporation shall promptly refund
        to
        the Optionees and the Participants the exercise or purchase price paid for
        any
        excess shares issued under the Plan and held in escrow, together with interest
        (at the applicable Short Term Federal Rate) for the period the shares were
        held
        in escrow, and such shares shall thereupon be automatically cancelled and
        cease
        to be outstanding.

       

      
        	 	
                IV.

              	
                USE
                  OF PROCEEDS

              

      

       

      Any
        cash
        proceeds received by the Corporation from the sale of shares of Common Stock
        under the Plan shall be used for general corporate purposes.

       

      
        	 	
                V.

              	
                WITHHOLDING

              

      

       

      The
        Corporation’s obligation to deliver shares of Common Stock upon the exercise of
        any options granted under the Plan or upon the issuance or vesting of any
        shares
        issued under the Plan shall be subject to the satisfaction of all applicable
        income and employment tax withholding requirements.

       

      
        	 	
                VI.

              	
                REGULATORY
                  APPROVALS

              

      

       

      The
        implementation of the Plan, the granting of any options under the Plan and
        the
        issuance of any shares of Common Stock (i) upon the exercise of any option
        or
        (ii) under the Stock Issuance Program shall be subject to the Corporation’s
        procurement of all approvals and permits required by regulatory authorities
        having jurisdiction over the Plan, the options granted under it and the shares
        of Common Stock issued pursuant to it.

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      
        	 	
                VII.

              	
                NO
                  EMPLOYMENT OR SERVICE
                  RIGHTS

              

      

       

      Nothing
        in the Plan shall confer upon the Optionee or the Participant any right to
        continue in Service for any period of specific duration or interfere with
        or
        otherwise restrict in any way the rights of the Corporation (or any Parent
        or
        Subsidiary employing or retaining such person) or of the Optionee or the
        Participant, which rights are hereby expressly reserved by each, to terminate
        such person’s Service at any time for any reason, with or without
        cause.

       

      
        	 	
                VIII.

              	
                FINANCIAL
                  REPORTS

              

      

       

      If
        required by applicable law, the Corporation shall deliver a balance sheet
        and an
        income statement at least annually to each individual holding an outstanding
        option under the Plan, unless such individual is a key Employee whose duties
        in
        connection with the Corporation (or any Parent or Subsidiary) assure such
        individual access to equivalent information.

       

      
        	 	
                IX.

              	
                COMPLIANCE
                  WITH SECTION 409A OF THE
                  CODE

              

      

       

      The
        Corporation intends that any option granted under the Plan not be considered
        to
        provide for the deferral of compensation under Code Section 409A and that
        any
        other stock issuance that does provide for such deferral of compensation
        shall
        comply with the requirements of Section 409A of the Code and, accordingly,
        this
        Plan shall be so administered and construed. Further, the Corporation may
        modify
        the Plan and any option grant or stock issuance to the extent necessary to
        fulfill this intent. Consistent with the intent of this Section IX, in the
        event
        that any provision that is necessary for the Plan to comply with Section
        409A is
        determined by the Plan Administrator, in its sole discretion, to have been
        omitted, such omitted provision shall be deemed included herein and is hereby
        incorporated as part of the Plan.

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      APPENDIX

       

      The
        following definitions shall be in effect under the Plan:

       

      A. Board
        shall
        mean the Corporation’s Board of Directors.

       

      B. Change
        in Control
        shall
        mean a change in ownership or control of the Corporation effected through
        any of
        the following transactions: 

       

      (i) a
        merger,
        consolidation or other reorganization approved by the Corporation’s
        stockholders, unless
        securities representing more than fifty percent (50%) of the total combined
        voting power of the voting securities of the successor corporation are
        immediately thereafter beneficially owned, directly or indirectly and in
        substantially the same proportion, by the persons who beneficially owned
        the
        Corporation’s outstanding voting securities immediately prior to such
        transaction, or

       

      (ii) a
        stockholder-approved sale, transfer or other disposition of all or substantially
        all of the Corporation’s assets in complete liquidation or dissolution of the
        Corporation, or

       

      (iii) the
        acquisition, directly or indirectly by any person or related group of persons
        (other than the Corporation or a person that directly or indirectly controls,
        is
        controlled by, or is under common control with, the Corporation), of beneficial
        ownership (within the meaning of Rule 13d-3 of the 1934 Act) of securities
        possessing more than fifty percent (50%) of the total combined voting power
        of
        the Corporation’s outstanding securities pursuant to a tender or exchange offer
        made directly to the Corporation’s stockholders.

       

      In
        no
        event shall any public offering of the Corporation’s securities be deemed to
        constitute a Change in Control.

       

      C. Code
        shall
        mean the Internal Revenue Code of 1986, as amended.

       

      D. Committee
        shall
        mean a committee of two (2) or more Board members appointed by the Board
        to
        exercise one or more administrative functions under the Plan. To the extent
        that
        the Plan Administrator determines it is necessary to qualify stock options
        and/or stock issuances under Section 162(m) of the Code, the Plan will be
        administered in accordance with the requirements of Section 162(m) of the
        Code,
        and, to the extent that the Plan Administrator determines it is desirable
        to
        qualify transactions as exempt under Rule 16b-3 of the 1934 Act, transactions
        will be structured to satisfy the requirements of Rule 16b-3 under the 1934
        Act.

       

      E. Common
        Stock
        shall
        mean the Corporation’s common stock.

       

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      F. Corporation
        shall
        mean ASIA TIME CORPORATION, a Delaware corporation, and any successor
        corporation to all or substantially all of the assets or voting stock of
        ASIA
        TIME CORPORATION which shall by appropriate action adopt the Plan.

       

      G. Disability
        shall
        mean the inability of the Optionee or the Participant to engage in any
        substantial gainful activity by reason of any medically determinable physical
        or
        mental impairment and shall be determined by the Plan Administrator on the
        basis
        of such medical evidence as the Plan Administrator deems warranted under
        the
        circumstances.

       

      H. Employee
        shall
        mean an individual who is in the employ of the Corporation (or any Parent
        or
        Subsidiary), subject to the control and direction of the employer entity
        as to
        both the work to be performed and the manner and method of
        performance.

       

      I. Exercise
        Date
        shall
        mean the date on which the Corporation shall have received written notice
        of the
        option exercise.

       

      J. Fair
        Market Value
        per
        share of Common Stock on any relevant date shall be determined in accordance
        with the following provisions:

       

      (i) If
        the
        Common Stock is at the time traded on the Nasdaq National Market, then the
        Fair
        Market Value shall be the closing selling price per share of Common Stock
        on the
        date in question, as such price is reported by the National Association of
        Securities Dealers on the Nasdaq National Market and published in The
        Wall Street Journal.
        If
        there is no closing selling price for the Common Stock on the date in question,
        then the Fair Market Value shall be the closing selling price on the last
        preceding date for which such quotation exists.

       

      (ii) If
        the
        Common Stock is at the time listed on any Stock Exchange, then the Fair Market
        Value shall be the closing selling price per share of Common Stock on the
        date
        in question on the Stock Exchange determined by the Plan Administrator to
        be the
        primary market for the Common Stock, as such price is officially quoted in
        the
        composite tape of transactions on such exchange and published in The
        Wall Street Journal.
        If
        there is no closing selling price for the Common Stock on the date in question,
        then the Fair Market Value shall be the closing selling price on the last
        preceding date for which such quotation exists.

       

      (iii) If
        the
        Common Stock is at the time neither listed on any Stock Exchange nor traded
        on
        the Nasdaq National Market, then the Fair Market Value shall be determined
        by
        the Plan Administrator after taking into account such factors as the Plan
        Administrator shall deem appropriate.

       

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      K. Incentive
        Option
        shall
        mean an option which satisfies the requirements of Code Section
        422.

       

      L. Involuntary
        Termination
        shall
        mean the termination of the Service of any individual which occurs by reason
        of:

       

      (i) such
        individual’s involuntary dismissal or discharge by the Corporation for reasons
        other than Misconduct, or

       

      (ii) such
        individual’s voluntary resignation following (A) a change in his or her position
        with the Corporation which materially reduces his or her duties and
        responsibilities or the level of management to which he or she reports, (B)
        a
        reduction in his or her level of compensation (including base salary, fringe
        benefits and target bonus under any corporate-performance based bonus or
        incentive programs) by more than fifteen percent (15%) or (C) a relocation
        of
        such individual’s place of employment by more than fifty (50) miles,
        provided and only if such change, reduction or relocation is effected without
        the individual’s consent. 

       

      M. Misconduct
        shall
        mean the commission of any act of fraud, embezzlement or dishonesty by the
        Optionee or Participant, any unauthorized use or disclosure by such person
        of
        confidential information or trade secrets of the Corporation (or any Parent
        or
        Subsidiary), or any other intentional misconduct by such person adversely
        affecting the business or affairs of the Corporation (or any Parent or
        Subsidiary) in a material manner. The foregoing definition shall not in any
        way
        preclude or restrict the right of the Corporation (or any Parent or Subsidiary)
        to discharge or dismiss any Optionee, Participant or other person in the
        Service
        of the Corporation (or any Parent or Subsidiary) for any other acts or
        omissions, but such other acts or omissions shall not be deemed, for purposes
        of
        the Plan, to constitute grounds for termination for Misconduct. 

       

      N. 1934
        Act
        shall
        mean the Securities Exchange Act of 1934, as amended.

       

      O. Non-Statutory Option
        shall
        mean an option not intended to satisfy the requirements of Code Section
        422.

       

      P. Option
        Grant Program
        shall
        mean the option grant program in effect under the Plan. 

       

      Q. Optionee
        shall
        mean any person to whom an option is granted under the Plan.

       

      R. Parent
        shall
        mean any corporation (other than the Corporation) in an unbroken chain of
        corporations ending with the Corporation, provided each corporation in the
        unbroken chain (other than the Corporation) owns, at the time of the
        determination, stock possessing fifty percent (50%) or more of the total
        combined voting power of all classes of stock in one of the other corporations
        in such chain.

       

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      S. Participant
        shall
        mean any person who is issued shares of Common Stock under the Stock Issuance
        Program.

       

      T. Plan
        shall
        mean the Corporation’s 2008 Equity Incentive Plan, as set forth in this
        document.

       

      U. Plan
        Administrator
        shall
        mean either the Board or the Committee acting in its capacity as administrator
        of the Plan.

       

      V. Service
        shall
        mean the provision of services to the Corporation (or any Parent or Subsidiary)
        by a person in the capacity of an Employee, a non-employee member of the
        board
        of directors or a consultant or independent advisor, except to the extent
        otherwise specifically provided in the documents evidencing the option
        grant.

       

      W. Stock
        Exchange
        shall
        mean either the American Stock Exchange or the New York Stock
        Exchange.

       

      X. Stock
        Issuance Agreement
        shall
        mean the agreement entered into by the Corporation and the Participant at
        the
        time of issuance of shares of Common Stock under the Stock Issuance
        Program.

       

      Y. Stock
        Issuance Program
        shall
        mean the stock issuance program in effect under the Plan. 

       

      Z. Subsidiary
        shall
        mean any entity in which, directly or indirectly through one or more
        intermediaries, the Corporation has at least a 50% ownership interest or,
        where
        permissible under Code Section 409A, at least a 20% ownership interest.

       

      AA. 10%
        Stockholder
        shall
        mean the owner of stock (as determined under Code Section 424(d)) possessing
        more than ten percent (10%) of the total combined voting power of all classes
        of
        stock of the Corporation (or any Parent or Subsidiary).

       

      
        
           

        

        
          20EXECUTION
      VERSION

     

    STOCK
      PURCHASE AGREEMENT

     

    Dated
      as
      of October 31, 2008

     

    Between

     

    PACER
      HOLDINGS OF LOUISANA, INC.

     

    and

     

    RURAL
      HEALTHCARE DEVELOPERS OF LOUISIANA, LLC

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

    STOCK
      PURCHASE AGREEMENT

     

    THIS
      STOCK PURCHASE AGREEMENT
      (this
“Agreement”)
      is
      dated as of October 31, 2008, by and between PACER
      HOLDINGS OF LOUISIANA, INC.,
      a
      Florida corporation (“Seller”)
      and
      Rural Healthcare Developers of Louisiana, LLC, a Mississippi limited liability
      company (“Buyer”).

     

    PRELIMINARY
      STATEMENT

     

    Seller
      is
      owner, beneficially and of record, of all of the issued and outstanding capital
      stock of Pacer Health Management Corporation, a Louisiana corporation
      (“PHMC”)
      and
      Pacer Psychiatry, Inc., a Louisiana Corporation (“PPI”
and
      collectively with PHMC, the “Companies”).
      Seller desires to sell to Buyer, and Buyer desires to purchase from Seller,
      all
      of the capital stock of the Companies on the terms and subject to the conditions
      set forth herein.

     

    Accordingly,
      in consideration of the mutual agreements hereinafter set forth, Buyer and
      Seller agree as follows:

     

    ARTICLE
      1

    DEFINITIONS
      AND INTERPRETATION

     

    Section
      1.1 In
      this
      Agreement, the following terms have the meanings specified or referred to in
      this Section
      1.1
      and
      shall be equally applicable to both the singular and plural forms.

     

    “Affiliate”
means,
      with respect to any Person, any other Person which directly or indirectly
      controls, is controlled by or is under common control with such Person; provided
      that the Companies shall not be deemed an Affiliate of Seller.

     

    “Buyer”
has
      the
      meaning specified in the first paragraph of this Agreement.

     

    “Buyer
      Ancillary Agreements”
means
      all agreements, instruments and documents being or to be executed and delivered
      by Buyer under this Agreement or in connection herewith.

     

    “Claim
      Notice”
has
      the
      meaning specified in Section
      8.3.

     

    “Closing”
means
      the closing of the transfer of the Shares from Seller to Buyer.

     

    “Closing
      Date”
has
      the
      meaning specified in Section
      3.1.

     

    “Companies”
has
      the
      meaning specified in the Preliminary Statement of this Agreement.

     

    “Court
      Order”
means
      any judgment, order, award or decree of any foreign, federal, state, local
      or
      other court or tribunal and any award in any arbitration
      proceeding.

     

    “Encumbrance”
means
      any lien (statutory or other), claim, charge, security interest, mortgage,
      deed
      of trust, pledge, hypothecation, assignment, conditional sale or other title
      retention agreement, preference, priority or other security agreement or
      preferential arrangement of any kind or nature, and any easement, encroachment,
      covenant, restriction, right of way, defect in title or other encumbrance of
      any
      kind.

     

    
      
         

      

      
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    “Expenses”
means
      any and all expenses incurred in connection with investigating, defending or
      asserting any claim, action, suit or proceeding incident to any matter
      indemnified against hereunder (including court filing fees, court costs,
      arbitration fees or costs, witness fees, and reasonable fees and disbursements
      of legal counsel, investigators, expert witnesses, consultants, accountants
      and
      other professionals).

     

    “Governmental
      Body”
means
      any foreign, federal, state, local or other governmental authority or regulatory
      body.

     

    “Losses”
means
      any and all losses, costs, obligations, liabilities, settlement payments,
      awards, judgments, fines, penalties, damages, expenses, deficiencies or other
      charges.

     

    “Permitted
      Encumbrances”
means:
      (i) liens for taxes and other governmental charges and assessments arising
      in
      the ordinary course of business which are not yet due and payable, (ii) liens
      of
      landlords and liens of carriers, warehousemen, mechanics and materialmen and
      other like liens arising in the ordinary course of business for sums not yet
      due
      and payable and (iii) other liens or imperfections on property which are not
      material in amount, do not interfere with, and are not violated by, the
      consummation of the transactions contemplated by this Agreement, and do not
      impair the marketability of, or materially detract from the value of or
      materially impair the existing use of, the property affected by such lien or
      imperfection.

     

    “Person”
means
      any individual, corporation, partnership, joint venture, limited liability
      company, association, joint-stock company, trust, unincorporated organization
      or
      Governmental Body.

     

    “Purchase
      Price”
has
      the
      meaning specified in Section
      2.2.

     

    “Requirements
      of Laws”
means
      any foreign, federal, state and local laws, statutes, regulations, rules, codes
      or ordinances enacted, adopted, issued or promulgated by any Governmental Body
      (including those pertaining to electrical, building, zoning, subdivision, land
      use, environmental and occupational safety and health requirements) or common
      law.

     

    “Seller”
has
      the
      meaning specified in the first paragraph of this Agreement.

     

    “Seller
      Ancillary Agreements”
means
      all agreements, instruments and documents being or to be executed and delivered
      by Seller under this Agreement or in connection herewith.

     

    “Shares”
means
      all of the issued and outstanding shares of capital stock of PHMC, which
      consists of One Million (1,000,000) shares of common stock, par value
      $0.001 per
      share
      and all of the issued and outstanding shares of capital stock of PPI, which
      consists of One Million (1,000,000) shares of common stock, par value
      $0.001 per
      share.

     

    Section
      1.2 Interpretation.
      As used
      in this Agreement, the word “including” means without limitation, the word “or”
is not exclusive and the words “herein”, “hereof”, “hereby”, “hereto” and
“hereunder” refer to this Agreement as a whole. Unless the context otherwise
      requires, references herein: (i) to Articles, Sections, Exhibits and Schedules
      mean the Articles and Sections of and the Exhibits and Schedules attached to
      this Agreement; (ii) to an agreement, instrument or other document means such
      agreement, instrument or other document as amended, supplemented and modified
      from time to time to the extent permitted by the provisions thereof and by
      this
      Agreement; and (iii) to a statute means such statute as amended from time to
      time and includes any successor legislation thereto. The Schedules and Exhibits
      referred to herein shall be construed with and as an integral part of this
      Agreement to the same extent as if they were set forth verbatim herein. Titles
      to Articles and headings of Sections are inserted for convenience of reference
      only and shall not be deemed a part of or to affect meaning or interpretation
      of
      this Agreement. References herein to the knowledge of a party or matters or
      information known to a party mean the actual knowledge or conscious awareness
      of
      the Chief Executive Officer and/or Chief Financial Officer of such
      party.

     

    
      
         

      

      
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    ARTICLE
      2

    PURCHASE
      AND SALE OF SHARES; PURCHASE PRICE

     

    Section
      2.1 Purchase
      and Sale of Shares.
      Upon
      the terms and subject to the conditions of this Agreement, on the Closing Date,
      Seller shall sell, transfer, assign, convey and deliver to Buyer, and Buyer
      shall purchase from Seller, the Shares, free and clear of all Encumbrances
      (except for Permitted Encumbrances).

     

    Section
      2.2 Purchase
      Price.
      The
      purchase price for the Shares (the “Purchase
      Price”)
      shall
      be the assumption by the Buyer of all of those liabilities, known and unknown,
      of Seller relating to the Companies (the “Assumed
      Liabilities”).
      The
      Buyer hereby acknowledges and agrees that at Closing, the Companies shall have
      a
      balance in all of the Companies’ bank accounts, collectively, of three hundred
      thousand dollars ($300,000). 

     

    ARTICLE
      3

    CLOSING

     

    Section
      3.1 Closing
      Date.
      The
      Closing shall take place at 5:00 P.M., local time, on October 31, 2008, or
      such
      later date as may be agreed upon by Buyer and Seller after the conditions set
      forth herein have been satisfied, via facsimile or at such place or at such
      other time as shall be agreed upon by Buyer and Seller. The time and date on
      which the Closing is actually held are sometimes referred to herein as the
      “Closing
      Date”.
      

     

    Section
      3.2 Payment
      of Purchase Price; Delivery of Shares.
      Subject
      to fulfillment or waiver of the conditions set forth in Section
      7.1,
      at the
      Closing Buyer shall pay to the Seller the Purchase Price and, subject to
      fulfillment or waiver of the conditions set forth in Section
      7.2,
      Seller
      shall deliver to Buyer a stock certificate representing the Shares, accompanied
      by a duly executed and witnessed stock power transferring the Shares to
      Buyer.

     

    Section
      3.3 Buyer’s
      Additional Deliveries.
      Subject
      to fulfillment or waiver of the conditions set forth in Section
      7.1,
      at the
      Closing, Buyer shall deliver to Seller all the following:

     

    (a) Copy
      of
      Buyer’s Certificate of Formation certified as of a recent date by the Secretary
      of State of the State of Mississippi;

     

    
      
         

      

      
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    (b) Copy
      of
      Buyer’s Operating Agreement in effect as of the Closing Date;

     

    (c) Certificate
      of good standing of Buyer issued as of a recent date by the Secretary of State
      of the State of Mississippi;

     

    (d) Certificate
      of the manager or managing member of Buyer, dated the Closing Date, in form
      and
      substance reasonably satisfactory to Seller, as to (i) no amendments to the
      Certificate of Formation of Buyer since the date of such document as delivered
      in accordance with Section 3.3(a) herein above; (ii) no amendments to the
      Operating Agreement since the date of such document as delivered in accordance
      with Section 3.3(b) herein above; (iii) the resolutions of the manager or
      managing member of Buyer authorizing the execution and performance of this
      Agreement and the transactions contemplated hereby; and (iv) incumbency and
      signatures of the officers of Buyer executing this Agreement and any Buyer
      Ancillary Agreement; and

     

    (e) The
      certificate contemplated by Section
      7.2(a),
      duly
      executed by an authorized officer of Buyer.

     

    Section
      3.4 Seller’s
      Deliveries.
      Subject
      to fulfillment or waiver of the conditions set forth in Section
      7.2,
      at
      Closing, Seller shall deliver to Buyer all the following:

     

    (a) Copy
      of
      the Certificate of Incorporation of Seller certified as of a recent date by
      the
      Secretary of State of the State of Florida;

     

    (b) Certificate
      of good standing of Seller issued as of a recent date by the Secretary of State
      of the State of Florida;

     

    (c) Copies
      of
      the Certificate of Incorporation of the Companies certified as of a recent
      date
      by the Secretary of State of the State of Louisiana, the Bylaws of the Companies
      and the stock ledgers of the Companies;

     

    (d) Certificate
      of good standing of the Companies issued as of a recent date by the Secretary
      of
      State of the State of Louisiana;

     

    (e) Certificate
      of the Secretary of Seller, dated the Closing Date, in form and substance
      reasonably satisfactory to Buyer, as to (i) no amendments to the Certificate
      of
      Incorporation of Seller since the date of such document as delivered in
      accordance with Section 3.4(a) herein above; (ii) no amendments to the
      Certificates of Incorporation or the Bylaws of the Companies since the dates
      of
      such documents as delivered in accordance with Section 3.4(c) herein above;
      (iii) the resolutions of the Board of Directors of Seller authorizing the
      execution and performance of this Agreement and the transactions contemplated
      hereby; and (iv) incumbency and signatures of the officers of Seller executing
      this Agreement or any Seller Ancillary Agreement;

     

    (f) All
      approvals, consents or authorizations obtained by Seller and/or the Companies
      with respect to the consummation of the transactions contemplated by this
      Agreement, including, without limitation, those set forth on Schedule
      4.2(b)
      hereto;

     

    
      
         

      

      
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    (g) The
      certificate contemplated by Section
      7.1(a),
      duly
      executed by an authorized officer of Seller; and

     

    (h) A
      signed
      resignation by each of the directors and officers of the Companies.

     

    ARTICLE
      4

    REPRESENTATIONS
      AND WARRANTIES OF SELLER

     

    As
      an
      inducement to Buyer to enter into this Agreement and to consummate the
      transactions contemplated hereby, Seller represents and warrants to Buyer and
      agrees only as follows:

     

    Section
      4.1 Organization
      of Seller.
      Seller
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of Florida and has full corporate power and authority to
      own
      or lease and to operate and use its properties and assets and to carry on its
      business as now conducted.

     

    Section
      4.2 Authority
      of Seller.
      Seller
      has full power and authority to execute, deliver and perform this Agreement
      and
      all of the Seller Ancillary Agreements. The execution, delivery and performance
      of this Agreement and the Seller Ancillary Agreements by Seller have been duly
      authorized and approved by Seller’s board of directors and do not require any
      further authorization or consent of Seller or its stockholders. This Agreement
      has been duly authorized, executed and delivered by Seller and is the legal,
      valid and binding agreement of Seller enforceable in accordance with its terms,
      and each of the Seller Ancillary Agreements has been duly authorized by Seller
      and upon execution and delivery by Seller will be a legal, valid and binding
      obligation of Seller enforceable in accordance with its terms.

     

    Neither
      the execution and delivery of this Agreement or any Seller Ancillary Agreement
      or the consummation of any of the transactions contemplated hereby or thereby
      nor compliance with or fulfillment of the terms, conditions and provisions
      hereof or thereof will:

     

    (a) conflict
      with, result in a breach of the terms, conditions or provisions of, or
      constitute a default, an event of default or an event creating rights of
      acceleration, termination or cancellation or a loss of rights under (1) the
      Certificate of Incorporation or Bylaws of Seller, (2) any material note,
      instrument, agreement, mortgage, lease, license, franchise, permit or other
      authorization, right, restriction or obligation to which Seller is a party
      or
      any of its properties is subject or by which Seller is bound, (3) any Court
      Order to which Seller is a party or by which it is bound or (4) any Requirements
      of Laws affecting Seller; or

     

    (b) require
      the approval, consent, authorization or act of, or the making by Seller of
      any
      declaration, filing or registration with, any Person, except as set forth on
      Schedule
      4.2(b)
      attached
      hereto.

     

    Section
      4.3 Organization
      and Capital Structure of the Companies.

     

    (a) The
      Companies are corporations duly organized, validly existing and in good standing
      under the laws of the State of Louisiana. The Companies have full power and
      authority to own or lease and to operate and use their properties and assets
      and
      to carry on their business as now conducted.

     

    
      
         

      

      
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      EXECUTION
        VERSION

    

     

    (b) The
      authorized capital stock of PHMC consists of 1,000,000 shares
      of
      common stock, par value $0.001 per share and the authorized capital stock of
      PPI
      consists of 1,000,000 shares
      of
      common stock, par value $0.001 per share (“PHL
      Common Stock”),
      of
      which 100 shares are issued and outstanding for PHMA and 100 shares are issued
      and outstanding for PPI and 999,900 shares are unissued and not reserved for
      any
      purpose in the Companies. Except for this Agreement, there are no agreements,
      arrangements, options, warrants, calls, rights or commitments of any character
      relating to the issuance, sale, purchase or redemption of any shares of capital
      stock of the Companies. No holder of PHL Common Stock has any preemptive, stock
      purchase or other rights to acquire PHL Common Stock. All of the outstanding
      shares of the PHL Common Stock are validly issued, fully paid and nonassessable
      and were not issued in violation of any preemptive or similar rights. Seller
      is
      the record and beneficial owner of all of the shares of PHL Common Stock. All
      of
      such shares of PHL Common Stock are so owned free from all Encumbrances of
      any
      kind, except Permitted Encumbrances. 

     

    (c) True
      and
      complete copies of the Certificates of Incorporation and all amendments thereto,
      of the Bylaws, as amended to date, and of the stock ledgers of the Companies
      and
      each of its subsidiaries have been delivered to Buyer.

     

    ARTICLE
      5

    REPRESENTATIONS
      AND WARRANTIES OF BUYER

     

    As
      an
      inducement to Seller to enter into this Agreement and to consummate the
      transactions contemplated hereby, Buyer hereby represents and warrants to Seller
      and agrees as follows:

     

    Section
      5.1 Organization
      of Buyer.
      Buyer
      is a limited liability company duly organized, validly existing and in good
      standing under the laws of the State of Mississippi and has full power and
      authority to own or lease and to operate and use its properties and assets
      and
      to carry on its business as now conducted.

     

    Section
      5.2 Authority
      of Buyer.
      Buyer
      has full power and authority to execute, deliver and perform this Agreement
      and
      all of the Buyer Ancillary Agreements. The execution, delivery and performance
      of this Agreement and the Buyer Ancillary Agreements by Buyer have been duly
      authorized and approved by Buyer’s manager or managing member and do not require
      any further authorization or consent of Buyer or its members. This Agreement
      has
      been duly authorized, executed and delivered by Buyer and is the legal, valid
      and binding agreement of Buyer enforceable in accordance with its terms, and
      each of the Buyer Ancillary Agreements has been duly authorized by Buyer and
      upon execution and delivery by Buyer will be a legal, valid and binding
      obligation of Buyer enforceable in accordance with its terms.

     

    Neither
      the execution and delivery of this Agreement or any of the Buyer Ancillary
      Agreements or the consummation of any of the transactions contemplated hereby
      or
      thereby nor compliance with or fulfillment of the terms, conditions and
      provisions hereof or thereof will:

     

    
      
         

      

      
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      EXECUTION
        VERSION

    

     

    (a) conflict
      with, result in a breach of the terms, conditions or provisions of, or
      constitute a default, an event of default or an event creating rights of
      acceleration, termination or cancellation or a loss of rights under (1) the
      Certificate of Formation or the Operating Agreement of Buyer, (2) any material
      note, instrument, agreement, mortgage, lease, license, franchise, permit or
      other authorization, right, restriction or obligation to which Buyer is a party
      or any of its properties is subject or by which Buyer is bound, (3) any Court
      Order to which Buyer is a party or by which it is bound or (4) any Requirements
      of Laws affecting Buyer; or

     

    (b) require
      the approval, consent, authorization or act of, or the making by Buyer of any
      declaration, filing or registration with, any Person.

     

    Section
      5.3 No
      Finder.
      Neither
      Buyer nor any Person acting on its behalf has paid or become obligated to pay
      any fee or commission to any broker, finder or intermediary for or on account
      of
      the transactions contemplated by this Agreement.

     

    Section
      5.4 Investment
      Representation.
      The
      Shares are being acquired by Buyer for its own account for investment, and
      not
      with a view to the sale or distribution of any part thereof without registration
      under the Securities Act of 1933, as amended or pursuant to an applicable
      exemption therefrom.

     

    ARTICLE
      6

    ADDITIONAL
      AGREEMENTS

     

    Section
      6.1 Covenant
      Not to Compete or Solicit Business.

     

    (a) In
      furtherance of the sale of the Shares to Buyer hereunder and more effectively
      to
      protect the value and goodwill of the assets and business of the Companies,
      Seller covenants and agrees that, for a period ending on the one (1) year
      anniversary of the Closing Date, neither Seller nor any of its Affiliates will
      directly or indirectly (whether as principal, agent, independent contractor,
      partner or otherwise) own, manage, operate, control, participate in, perform
      services for, or otherwise carry on, a business materially similar to or
      directly competitive with the business conducted by the Companies on the date
      hereof anywhere in Cameron Parish, Louisiana. 

     

    (b) In
      addition, Seller covenants and agrees that neither it nor any of its Affiliates
      will divulge or make use of any Trade Secrets or other confidential information
      of the Companies other than to disclose such secrets and information to Buyer
      or
      its Affiliates.

     

    (c) In
      the
      event Seller or any Affiliate of Seller violates any of its obligations under
      this Section
      6.1,
      Buyer
      or the Companies may proceed against it in law or in equity for such damages
      or
      other relief as a court may deem appropriate. 

     

    (d) It
      is the
      intent and understanding of each party hereto that if, in any action before
      any
      court or agency legally empowered to enforce this Section
      6.1,
      any
      term, restriction, covenant or promise in this Section
      6.1
      is found
      to be unreasonable and for that reason unenforceable, then such term,
      restriction, covenant or promise shall be deemed modified to the extent
      necessary to make it enforceable by such court or agency.

     

    
      
         

      

      
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    Section
      6.2 Access
      to Records after Closing.

     

    (a) For
      a
      period of seven (7) years after the Closing Date, Seller and its representatives
      shall have reasonable access to all of the books and records of the Companies
      to
      the extent that such access may reasonably be required by Seller in connection
      with matters relating to or affected by the operations of the Companies prior
      to
      the Closing Date. Such access shall be afforded by Buyer upon receipt of advance
      notice and during normal business hours. If Buyer shall desire to dispose of
      any
      of such books and records prior to the expiration of such seven-year period,
      Buyer shall, prior to such disposition, give Seller a reasonable opportunity
      to
      segregate and remove such books and records as Seller may select.

     

    Section
      6.3 Confidential
      Nature of Information.
      Each
      party agrees that it will treat in confidence all documents, materials and
      other
      information which it shall have obtained regarding the other party during the
      course of the negotiations leading to the consummation of the transactions
      contemplated hereby (whether obtained before or after the date of this
      Agreement), the investigation provided for herein and the preparation of this
      Agreement and other related documents, and, in the event the transactions
      contemplated hereby shall not be consummated, each party will return to the
      other party all copies of nonpublic documents and materials which have been
      furnished in connection therewith. Such documents, materials and information
      shall not be communicated to any third Person (other than, in the case of Buyer,
      to its counsel, accountants, financial advisors or lenders, and in the case
      of
      Seller, to its counsel, accountants or financial advisors). No Person shall
      use
      any confidential information in any manner whatsoever except solely for the
      purpose of evaluating the proposed purchase and sale of the Shares or the
      negotiation or enforcement of this Agreement or any agreement contemplated
      hereby; provided that after the Closing Buyer and the Companies may use or
      disclose any confidential information related to the Companies or its assets
      or
      business. The obligation of each party to treat such documents, materials and
      other information in confidence shall not apply to any information which (i)
      is
      or becomes lawfully available to such party from a source other than the
      furnishing party, (ii) is or becomes available to the public other than as
      a
      result of disclosure by such party or its agents, (iii) is required to be
      disclosed under applicable law or judicial process, but only to the extent
      it
      must be disclosed, or (iv) such party reasonably deems necessary to disclose
      to
      obtain any of the consents or approvals contemplated hereby.

     

    Section
      6.4 No
      Public Announcement.
      Neither
      Buyer nor Seller shall (nor shall Seller permit the Companies to), without
      the
      approval of the other, make any press release or other public announcement
      concerning the transactions contemplated by this Agreement, except as and to
      the
      extent that any such party shall be so obligated by law or the rules of any
      stock exchange or quotation system, in which case the other party shall be
      advised and the parties shall use their best efforts to cause a mutually
      agreeable release or announcement to be issued; provided that the foregoing
      shall not preclude communications or disclosures necessary to implement the
      provisions of this Agreement or to comply with the accounting and U.S.
      Securities and Exchange Commission disclosure obligations.

     

    Section
      6.5 Expenses.
      Each
      party hereto will pay all costs and expenses incident to its negotiation and
      preparation of this Agreement and to its performance and compliance with all
      agreements and conditions contained herein on its part to be performed or
      complied with, including the fees, expenses and disbursements of its counsel
      and
      accountants. All costs and expenses, if any, incurred by the Companies in
      connection with this Agreement and the transactions contemplated hereby,
      including the fees, expenses and disbursements of the Companies’ counsel and
      accountants, shall be paid by the Companies.

     

    
      
         

      

      
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    Section
      6.6 Right
      To Rescission; Limited Restriction on Transfer or Sale of Shares.
      

     

    (a) As
      partial consideration for the Purchase Price of the Shares, the parties hereto
      hereby agree that Seller shall have the right to rescind this Agreement by
      providing written notice of rescission to Buyer at any time within thirty-one
      (31) calendar days from the Closing Date. In consideration for such rescission,
      Seller shall be obligated to pay to Buyer One Hundred Fifty Thousand Dollars
      ($150,000) within ten (10) business days of such notice of rescission. Within
      two (2) calendar days following receipt of such consideration, Buyer shall
      deliver to Seller a stock certificate representing the Shares, accompanied
      by a
      duly executed and witnessed stock power transferring the Shares to the Seller.
      

     

    (b) Buyer
      shall not sell, transfer, assign, pledge, hypothecate or otherwise dispose
      of or
      encumber the Shares for so long as Seller has the right to rescind and receive
      back the Shares in accordance with Section 6.6(a) herein above.

     

    (c) In
      the
      event Buyer violates any of its obligations under this Section
      6.6,
      Seller
      may proceed against Buyer in law or in equity for such damages or other relief
      as a court may deem appropriate. Buyer acknowledges that a violation of this
      Section
      6.6
      may
      cause Seller or the Companies irreparable harm which may not be adequately
      compensated for by money damages. Buyer therefore agrees that in the event
      of
      any actual or threatened violation of this Section
      6.6,
      Seller
      shall be entitled, in addition to other remedies that it may have, to a
      temporary restraining order and to preliminary and final injunctive relief
      against Buyer to prevent any violations of this Section
      6.6,
      without
      the necessity of posting a bond. The prevailing party in any action commenced
      under this Section
      6.6
      shall
      also be entitled to receive reasonable attorneys’ fees and court
      costs.

     

    Section
      6.7 Name
      Change of the Companies.
      Buyer
      hereby agrees to change the name of the Companies by filing with the Secretary
      of State of Louisiana amendments to the Certificates of Incorporation of the
      Companies within five (5) business days from the Closing Date. Additionally,
      Buyer hereby agrees to forever discontinue the use of all trade marks, service
      marks, trade names, business names, domain names, logos, websites and trading
      indicia owned or used by the Companies or Seller with the names “Pacer” and
“Pacer Health” or any similar name that could have the effect of causing
      confusion with the aforementioned names.

     

    Section
      6.8 Termination
      of All Guarantees.
      Buyer
      hereby acknowledges and agrees that by virtue of Buyer assuming all of the
      Assumed Liabilities hereunder, any and all contracts, leases, notes, mortgages
      and agreements or other instruments, whether known or unknown or oral or
      written, whereby Seller has guaranteed, in full or in part, any obligation
      of
      the Companies to any other party, shall be deemed to be cancelled and terminated
      with respect to Seller effective as of the Closing Date. Buyer agrees to
      promptly execute any and all instruments and to make any and all filings
      necessary in order to carry out the intent of this Section 6.8 and shall
      immediately notify Seller of all such required actions and immediately provide
      evidence of completion or satisfaction of all required actions in order to
      carry
      out the intent of this Section 6.8. The effect of this Section 6.8 shall be
      to
      relieve Seller of any and all guarantees owed by Seller to the Companies,
      whether known or unknown, oral or written.

     

    
      
         

      

      
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    Section
      6.9 Further
      Assurances.
      From
      time to time following the Closing, Seller shall execute and deliver, or cause
      to be executed and delivered, to the Companies such other bills of sale, deeds,
      endorsements, assignments and other instruments of conveyance and transfer
      as
      Buyer or the Companies may reasonably request or as may be otherwise necessary
      to more effectively convey and transfer to, and vest in, the Companies and
      put
      the Companies in possession of, any part of the assets or properties of the
      Companies not in its possession on the Closing Date.

     

    ARTICLE
      7

    CONDITIONS
      PRECEDENT TO OBLIGATIONS OF PARTIES

     

    Section
      7.1 Conditions
      to Buyer’s Obligations.
      The
      obligations of Buyer to purchase the Shares pursuant to this Agreement shall,
      at
      the option of Buyer, be subject to the satisfaction, on or prior to the Closing
      Date, of the following conditions:

     

    (a) Each
      of
      the representations and warranties of Seller contained or referred to herein
      shall be true and correct on the Closing Date as though made on the Closing
      Date, except for changes therein specifically permitted by this Agreement or
      resulting from any transaction expressly consented to in writing by Buyer,
      and
      there shall have been delivered to Buyer an Officer’s Certificate to such
      effect, dated the Closing Date, signed on behalf of Seller by an authorized
      officer of Seller, in addition to the other deliveries specified in Section
      3.4.

     

    (b) The
      parties shall have received all approvals and actions of or by all Governmental
      Bodies necessary to consummate the transactions contemplated hereby, which
      are
      required to be obtained by applicable Requirements of Laws.

     

    (c) Seller
      and the Companies shall have received all required approvals, consents, and
      authorizations to the transactions contemplated hereby from any Person to any
      instruments or other agreements to which Seller and/or the Companies is a party
      or by which Seller and/or the Companies or any of their assets or properties
      are
      affected.

     

    Section
      7.2 Conditions
      to Seller’s Obligations.
      The
      obligations of Seller to sell the Shares pursuant to this Agreement shall,
      at
      the option of Seller, be subject to the satisfaction, on or prior to the Closing
      Date, of the following conditions:

     

    (a) Each
      of
      the representations and warranties of Buyer contained or referred to in this
      Agreement shall be true and correct on the Closing Date as though made on the
      Closing Date, except for changes therein specifically permitted by this
      Agreement or resulting from any transaction expressly consented to in writing
      by
      Seller or any transaction contemplated by this Agreement; and there shall have
      been delivered to Seller an Officer’s Certificate to such effect, dated the
      Closing Date and signed on behalf of Buyer by an authorized officer of Buyer,
      in
      addition to the other deliveries specified in Section
      3.3.

     

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

       

      EXECUTION
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    (b) The
      parties shall have received all approvals and actions of or by all Governmental
      Bodies necessary to consummate the transactions contemplated hereby, which
      are
      required to be obtained by applicable Requirements of Laws.

     

    (c) Seller
      shall have transferred out all cash amounts from the Companies’ accounts so that
      the cash balance in all of the Companies’ bank accounts, collectively, equals
      $300,000 dollars ($300,000). 

     

    ARTICLE
      8

    INDEMNIFICATION

     

    Section
      8.1 Indemnification
      by Seller.
      

     

    (a) Seller
      agrees to indemnify and hold harmless Buyer from and against any and all Losses
      and Expenses incurred by Buyer up to $10,000 in
      connection with or arising from:

     

    (i) any
      breach by Seller of any of its covenants in this Agreement or in any Seller
      Ancillary Agreement;

     

    (ii) any
      failure of Seller to perform any of its obligations in this Agreement or in
      any
      Seller Ancillary Agreement; or

     

    (iii) any
      breach of any warranty or the inaccuracy of any representation of Seller
      contained or referred to in this Agreement or any certificate delivered by
      or on
      behalf of Seller pursuant hereto;

     

    provided
      that, without limitation of Seller’s indemnification obligations under clause
      (i) or (ii) of this subsection (a), Seller shall be required to indemnify and
      hold harmless under clause (iii) of this subsection with respect to Losses
      and
      Expenses incurred by Buyer as a result of inaccuracies only to the extent that
      the aggregate amount of such Losses and Expenses exceeds Ten Million Dollars
      ($10,000,000) and the parties further agree that in no event shall the Seller
      indemnify Buyer from any Losses or Expenses incurred in connection with any
      Medicare or environmental claims against the Companies or the Buyer.

     

    (b) The
      indemnification provided for in this Section
      8.1
      shall
      terminate six (6) months after the Closing Date (and no claims shall be made
      by
      any Buyer under this Section
      8.1
      thereafter). 

     

    (c) Seller
      shall not indemnify Buyer for any Losses or Expenses arising out of Seller
      exercising its right to rescind this Agreement in the manner set forth in
      Section 6.6 herein. 

     

    Section
      8.2 Indemnification
      by Buyer.

     

    (a) Buyer
      agrees to indemnify and hold harmless Seller from and against any and all Loss
      and Expense incurred by Seller up to $10,000 in
      connection with or arising from: 

     

    (i) any
      breach by Buyer of any of its covenants or agreements in this Agreement or
      in
      any Buyer Ancillary Agreement;

     

    
      
         

      

      
        -12-

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

     

    (ii) any
      failure by Buyer to perform any of its obligations in this Agreement or in
      any
      Buyer Ancillary Agreement; or

     

    (iii) any
      breach of any warranty or the inaccuracy of any representation of Buyer
      contained or referred to in this Agreement or in any certificate delivered
      by or
      on behalf of Buyer pursuant hereto;

     

    provided
      that, without limitation of Buyer’s indemnification obligations under clauses
      (i) and (ii) of this subsection (a), Buyer shall be required to indemnify and
      hold harmless under clause (iii) of this subsection with respect to Loss and
      Expense incurred by Seller only to the extent that the aggregate amount of
      such
      Loss and Expense exceeds $10,000,000.

     

    (b) The
      indemnification provided for in this Section
      8.2
      shall
      terminate six (6) months after the Closing Date (and no claims shall be made
      by
      Seller under this Section
      8.2
      thereafter).

     

    Section
      8.3 Notice
      of Claims.

     

    (a) Any
      party
      seeking indemnification hereunder shall give to the party obligated to provide
      indemnification to such Indemnified Party (the “Indemnitor”)
      a
      notice (a “Claim
      Notice”)
      describing in reasonable detail the facts giving rise to any claim for
      indemnification hereunder and shall include in such Claim Notice (if then known)
      the amount or the method of computation of the amount of such claim, and a
      reference to the provision of this Agreement or any other agreement, document
      or
      instrument executed hereunder or in connection herewith upon which such claim
      is
      based; provided, that (i) a Claim Notice in respect of any action at law or
      suit
      in equity by or against a third Person as to which indemnification will be
      sought shall be given promptly after the action or suit is commenced; and (ii)
      failure to give such notice shall not relieve the Indemnitor of its obligations
      hereunder except to the extent it shall have been prejudiced by such
      failure.

     

    (b) After
      the
      giving of any Claim Notice pursuant hereto, the amount of indemnification to
      which an Indemnified Party shall be entitled under this Article
      VIII
      shall be
      determined: (i) by the written agreement between the Indemnified Party and
      the
      Indemnitor; (ii) by a final judgment or decree of any court of competent
      jurisdiction; or (iii) by any other means to which the Indemnified Party and
      the
      Indemnitor shall agree. The judgment or decree of a court shall be deemed final
      when the time for appeal, if any, shall have expired and no appeal shall have
      been taken or when all appeals taken shall have been finally determined. The
      Indemnified Party shall have the burden of proof in establishing the amount
      of
      Loss and Expense suffered by it.

     

    Section
      8.4 Third
      Person Claims.

     

    (a) Subject
      to Section
      8.4(b),
      the
      Indemnified Party shall have the right to conduct and control, through counsel
      of its choosing, the defense, compromise or settlement of any third Person
      claim, action or suit against such Indemnified Party as to which indemnification
      will be sought by any Indemnified Party from any Indemnitor hereunder, and
      in
      any such case the Indemnitor shall cooperate in connection therewith and shall
      furnish such records, information and testimony and attend such conferences,
      discovery proceedings, hearings, trials and appeals as may be reasonably
      requested by the Indemnified Party in connection therewith; provided, that
      (i)
      the Indemnitor may participate, through counsel chosen by it and at its own
      expense, in the defense of any such claim, action or suit as to which the
      Indemnified Party has so elected to conduct and control the defense thereof;
      and
      (ii) the Indemnified Party shall not, without the written consent of the
      Indemnitor (which written consent shall not be unreasonably withheld), pay,
      compromise or settle any such claim, action or suit, except that no such consent
      shall be required if, following a written request from the Indemnified Party,
      the Indemnitor shall fail, within fourteen (14) calendar days after the making
      of such request, to acknowledge and agree in writing that, if such claim, action
      or suit shall be adversely determined, such Indemnitor has an obligation to
      provide indemnification hereunder to such Indemnified Party. Notwithstanding
      the
      foregoing, the Indemnified Party shall have the right to pay, settle or
      compromise any such claim, action or suit without such consent, provided that
      in
      such event the Indemnified Party shall waive any right to indemnity therefor
      hereunder unless such consent is unreasonably withheld.

     

    
      
         

      

      
        -13-

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

     

    (b) If
      any
      third Person claim, action or suit against any Indemnified Party is solely
      for
      money damages or, where Seller is the Indemnitor, will have no continuing effect
      in any material respect on the Companies or its businesses, assets or
      operations, then the Indemnitor shall have the right to conduct and control,
      through counsel of its choosing, the defense, compromise or settlement of any
      such third Person claim, action or suit against such Indemnified Party as to
      which indemnification will be sought by any Indemnified Party from any
      Indemnitor hereunder if the Indemnitor has acknowledged and agreed in writing
      that, if the same is adversely determined, the Indemnitor has an obligation
      to
      provide indemnification to the Indemnified Party in respect thereof, and in
      any
      such case the Indemnified Party shall cooperate in connection therewith and
      shall furnish such records, information and testimony and attend such
      conferences, discovery proceedings, hearings, trials and appeals as may be
      reasonably requested by the Indemnitor in connection therewith; provided that
      the Indemnified Party may participate, through counsel chosen by it and at
      its
      own expense, in the defense of any such claim, action or suit as to which the
      Indemnitor has so elected to conduct and control the defense thereof.
      Notwithstanding the foregoing, the Indemnified Party shall have the right to
      pay, settle or compromise any such claim, action or suit, provided that in
      such
      event the Indemnified Party shall waive any right to indemnity therefor
      hereunder unless the Indemnified Party shall have sought the consent of the
      Indemnitor to such payment, settlement or compromise and such consent was
      unreasonably withheld, in which event no claim for indemnity therefor hereunder
      shall be waived.

     

    ARTICLE
      9

    GENERAL
      PROVISIONS

     

    Section
      9.1 Survival
      of Obligations.
      All
      representations, warranties, covenants, agreements and obligations contained
      in
      this Agreement shall survive the consummation of the transactions contemplated
      by this Agreement; provided, however, that, except as otherwise provided in
      Article
      VIII,
      the
      representations and warranties contained in Articles
      IV
      and
V
      shall
      terminate on the six (6) months anniversary of the Closing Date. Except as
      otherwise provided herein, no claim shall be made for the breach of any
      representation or warranty contained in Articles
      IV
      or
V
      or under
      any certificate delivered with respect thereto under this Agreement after the
      date on which such representations and warranties terminate as set forth in
      this.

     

    Section
      9.2 Notices.
      All
      notices or other communications required or permitted hereunder shall be in
      writing and shall be deemed given or delivered (i) when delivered personally,
      (ii) if transmitted by facsimile when confirmation of transmission is received,
      or (iii) if sent by registered or certified mail, return receipt requested,
      or
      by private courier when received; and shall be addressed as
      follows:

     

    (a) If
      to
      Seller, to:

     

    
      	
              Pacer
                Health Corporation

            
	
              15050
                NW 79th
                Court

              Suite
                201

              Miami
                Lakes, Florida 33016

            
	
              Attention:

            	
              Rainier
                Gonzalez

            
	
              Facsimile:

            	
              (305)
                828-2551

            
	
               

              with
                a copy to:

            
	
              K&L
                Gates LLP

            
	
              200
                S. Biscayne Boulevard, Suite 3900

            
	
              Miami,
                Florida 33131-2399

            
	
              Attention:

            	
              Clayton
                E. Parker, Esq.

            
	
              Facsimile:

            	
              (305)
                358-7095

            

    

     

    (b) If
      to
      Buyer (and if to the Company post-Closing), to: 

     

    
      	
              Rural
                Healthcare Developers of Louisiana, LLC

            
	 
	 
	
              Attention:

            	 
	
              Facsimile:

            	 
	
               

              with
                a copy to:

            
	 
	 
	 
	
              Attention:

            	 
	
              Facsimile:

            	 

    

     

    or
      to
      such other address as such party may indicate by a notice delivered to the
      other
      party hereto.

     

    Section
      9.3 Successors
      and Assigns.

     

    (a) Either
      party may assign any of its rights hereunder, but no such assignment shall
      relieve it of its obligations hereunder.

     

    
      
         

      

      
        -14-

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

     

    (b) This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their successors and permitted assigns. The successors and permitted assigns
      hereunder shall include without limitation, in the case of Buyer, any permitted
      assignee as well as the successors in interest to such permitted assignee
      (whether by merger, liquidation (including successive mergers or liquidations)
      or otherwise). Nothing in this Agreement, expressed or implied, is intended
      or
      shall be construed to confer upon any Person other than the parties and
      successors and assigns permitted by this Section
      9.3
      any
      right, remedy or claim under or by reason of this Agreement.

     

    Section
      9.4 Entire
      Agreement; Amendments.
      This
      Agreement and the Exhibits and Schedules referred to herein and the documents
      delivered pursuant hereto contain the entire understanding of the parties hereto
      with regard to the subject matter contained herein or therein, and supersede
      all
      prior agreements, understandings or letters of intent between or among any
      of
      the parties hereto. This Agreement shall not be amended, modified or
      supplemented except by a written instrument signed by an authorized
      representative of each of the parties hereto.

     

    Section
      9.5 Waivers.
      Any
      term or provision of this
      Agreement may be waived, or the time for its performance may be extended, by
      the
      party or parties entitled to the benefit thereof. Any such waiver shall be
      validly and sufficiently given for the purposes of this Agreement if, as to
      any
      party, it is in writing signed by an authorized representative of such party.
      The failure of any party hereto to enforce at any time any provision of this
      Agreement shall not be construed to be a waiver of such provision, nor in any
      way to affect the validity of this Agreement or any part hereof or the right
      of
      any party thereafter to enforce each and every such provision. No waiver of
      any
      breach of this Agreement shall be held to constitute a waiver of any other
      or
      subsequent breach.

     

    Section
      9.6 Partial
      Invalidity.
      Wherever possible, each provision hereof shall be interpreted in such manner
      as
      to be effective and valid under applicable law, but in case any one or more
      of
      the provisions contained herein shall, for any reason, be held to be invalid,
      illegal or unenforceable in any respect, such provision shall be ineffective
      to
      the extent, but only to the extent, of such invalidity, illegality or
      unenforceability without invalidating the remainder of such provision or
      provisions or any other provisions hereof, unless such a construction would
      be
      unreasonable.

     

    Section
      9.7 Execution
      in Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      considered an original instrument, but all of which shall be considered one
      and
      the same agreement, and shall become binding when one or more counterparts
      have
      been signed by each of the parties hereto and delivered to each of Seller and
      Buyer.

     

    Section
      9.8 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the internal
      laws (as opposed to the conflicts of law provisions) of the State of
      Florida.

     

    Section
      9.9 Submission
      to Jurisdiction.
      Seller
      and Buyer hereby irrevocably submit in any suit, action or proceeding arising
      out of or related to this Agreement or any of the transactions contemplated
      hereby or thereby to the non-exclusive jurisdiction of the United States
      District Court in Miami, Florida and the jurisdiction of any court of the State
      of Florida located in Miami, Florida and waive any and all objections to
      jurisdiction that they may have under the laws of the State of Florida or the
      United States and any claim or objection that any such court is an inconvenient
      forum.

     

    
      
         

      

      
        -15-

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Stock Purchase Agreement to be executed the
      day
      and year first above written.

     

    
      	 	
              PACER
                HOLDINGS OF LOUISIANA, INC.

            
	 	 	 
	 	
              By:

            	
              /s/
                John Chi

            
	 	
              Name:

            	
              John
                Chi

            
	 	
              Title:

            	
              President

            

    

     

    
      	
              (Corporate
                Seal)

            	 
	ATTEST:	/s/
              Maria E. Denslow	 
	 	 	 
	
              Name:

            	
              Maria
                E. Denslow

            	 
	
              Title

            	
              Notary

            	 

    

     

    
      	 	
              
                RURAL
                  HEALTHCARE DEVELOPERS OF LOUISIANA,
                  LLC

              

            
	 	 	 
	 	
              By:

            	
              
                /s/
                  Ray R. Shoemaker

              

            
	 	
              Name:

            	
              
                Ray
                  R. Shoemaker

              

            
	 	
              Title:

            	
               

            

    

     

    
      	
              (Corporate
                Seal)

            	 
	ATTEST:	Authorized
              Notary	 
	 	 	 
	
              Name:

            	
              Authorized
                Notary

            	 
	
              Title

            	
              Notary

            	 

    

     

    
      
         

      

      
        -16-

        
          

        

      

      
         

      

       

      EXECUTION
        VERSION

    

    SCHEDULE
      4.2(b)

     

    Consent
      Agreement, dated October 31, 2008, by and between Pacer Health Corporation
      and
      YA Global Investments, L.P.

     

    
      
         

      

      
        -17-

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