Document:

SECOND
      AMENDMENT AGREEMENT

     

    This
      SECOND AMENDMENT AGREEMENT (this “Amendment”) is made as of the 13th
      day
      of
      March, 2008 among:

     

    (a) CONCORD
      STEEL, INC. (formerly known as SIG Acquisition Corp.), a Delaware corporation
      (“Borrower”);  

    

    (b) the
      Lenders, as defined in the Credit Agreement, as hereinafter defined;
      and

    

    (c) LASALLE
      BANK NATIONAL ASSOCIATION, as lead arranger and administrative agent for the
      Lenders under the Credit Agreement (“Administrative Agent”).

    

    WHEREAS,
      Borrower, Administrative Agent and the Lenders are parties to that certain
      Credit Agreement, dated as of October 3, 2006, that provides, among other
      things, for loans and letters of credit aggregating Thirty-Three Million Dollars
      ($33,000,000), all upon certain terms and conditions (as amended and as the
      same
      may from time to time be further amended, restated or otherwise modified, the
      “Credit Agreement”);

     

    WHEREAS,
      Borrower, Administrative Agent and the Lenders desire to amend the Credit
      Agreement to modify certain provisions thereof and add certain provisions
      thereto; 

     

    WHEREAS,
      each capitalized term used herein and defined in the Credit Agreement, but
      not
      otherwise defined herein, shall have the meaning given such term in the Credit
      Agreement; and

     

    WHEREAS,
      unless otherwise specifically provided herein, the provisions of the Credit
      Agreement revised herein are amended effective as of the date of this
      Amendment;

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual covenants herein
      and for other valuable consideration, Borrower, Administrative Agent and the
      Lenders agree as follows:

     

    1.    Retroactive
      Amendment to Definitions.
      Section
      1.1 of the Credit Agreement is hereby retroactively amended, effective as of
      December 31, 2007, to delete the definition of “Fixed Charge Coverage Ratio”
therefrom and to insert in place thereof the following:

    

    “Fixed
      Charge Coverage Ratio” means, for any Computation Period, the ratio of (a) the
      total for such period of Consolidated EBITDA minus, without duplication, the
      sum
      of (i) Taxes paid in cash by the Parent Entities, (ii) all Consolidated Unfunded
      Capital Expenditures, and (iii) tax refunds received in cash during such
      period; to (b) the sum for such period of (i) cash Consolidated Interest
      Expense, plus (ii) required payments of principal of Consolidated Total Funded
      Debt (including the Term Loan but excluding the Revolving Loans); provided
      that,
      for the calculation of the Fixed Charge Coverage Ratio for the Fiscal Quarters
      ending on December 31, 2007, March 31, 2008, June 30, 2008 and September 30,
      2008, Two Million Dollars ($2,000,000) of Consolidated Unfunded Capital
      Expenditures shall be added back to subpart (a) above. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    2.    Amendment
      to Definitions.
      Section
      1.1 of the Credit Agreement is hereby amended to delete the definition of
“Applicable Margin” therefrom and to insert in place thereof the
      following:

    

    “Applicable
      Margin” means, for any day, the rate per annum set forth below opposite the
      level (the “Level”) then in effect, it being understood that the Applicable
      Margin for (a) LIBOR Loans shall be the percentage set forth under the column
      “LIBOR Margin”, (b) Base Rate Loans shall be the percentage set forth under
      the column “Base Rate Margin”, (c) the Non-Use Fee Rate shall be the percentage
      set forth under the column “Non-Use Fee Rate”, and (d) the L/C Fee Rate shall be
      the percentage set forth under the column “L/C Fee Rate”:

    

    
      	
               

              Level

            	 	
              Total
                Debt

              to
                EBITDA Ratio

            	 	
              LIBOR

              Margin

            	 	
              Base
                Rate

              Margin

            	 	
              Non-Use

              Fee
                Rate

            	 	
              L/C
                Fee

              Rate

            
	
              I

            	 	
              Greater
                than 3.00 to 1.00

            	 	
              3.00%

            	 	
              1.50%

            	 	
              0.75%

            	 	
              3.00%

            
	 	 	 	 	 	 	 	 	 	 	 
	
              II

            	 	
              Greater
                than 2.50 to 1.00 but less than or equal to 3.00 to 1.00

            	 	
              2.50%

            	 	
              1.00%

            	 	
              0.50%

            	 	
              2.50%

            
	 	 	 	 	 	 	 	 	 	 	 
	
              III

            	 	
              Greater
                than 2.00 to 1.00 but less than or equal to 2.50 to 1.00

            	 	
              2.00%

            	 	
              0.50%

            	 	
              0.375%

            	 	
              2.00%

            
	 	 	 	 	 	 	 	 	 	 	 
	
              IV

            	 	
              Greater
                than 1.50 to 1.00 but less than or equal to 2.00: to 1.00

            	 	
              1.75%

            	 	
              0.25%

            	 	
              0.30%

            	 	
              1.75%

            
	 	 	 	 	 	 	 	 	 	 	 
	
              V

            	 	
              Greater
                than 1.00 to 1.00 but less than or equal to 1.50 to 1.00

            	 	
              1.50%

            	 	
              0.00%

            	 	
              0.25%

            	 	
              1.50%

            
	 	 	 	 	 	 	 	 	 	 	 
	
              VI

            	 	
              Less
                than or equal to 1.00 to 1.00

            	 	
              1.25%

            	 	
              0.00%

            	 	
              0.20%

            	 	
              1.25%

            

    

    

    The
      LIBOR
      Margin, the Base Rate Margin, the Non-Use Fee Rate and the L/C Fee Rate shall
      be
      adjusted, to the extent applicable, on the fifth Business Day after Borrower
      provides or is required to provide the annual and quarterly financial statements
      and other information pursuant to Section
      10.1.1
      or
10.1.2,
      as
      applicable, and the related Compliance Certificate, pursuant to Section
      10.1.3.
      Notwithstanding anything contained in this paragraph to the contrary, (i) if
      Borrower fails to deliver the financial statements and Compliance Certificate
      in
      accordance with the provisions of Sections
      10.1.1,
      10.1.2
      and
10.1.3,
      the
      LIBOR Margin, the Base Rate Margin, the Non-Use Fee Rate and the L/C Fee Rate
      shall be based upon Level I above, beginning on the date such financial
      statements and Compliance Certificate were required to be delivered until the
      fifth (5th) Business Day after such financial statements and Compliance
      Certificate are actually delivered, whereupon the Applicable Margin shall be
      determined by the then current Level; (ii) no reduction to any Applicable Margin
      shall become effective at any time when a Default or an Event of Default has
      occurred and is continuing; and (iii) the Applicable Margin on the Second
      Amendment Effective Date shall be based on Level II until the date on which
      the
      financial statements and Compliance Certificate are required to be delivered
      for
      the Fiscal Quarter ending on March 31, 2008.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    “Loan
      Documents” means this Agreement, the Notes, the Letters of Credit, the Master
      Letter of Credit Agreement, the L/C Applications, the Agent Fee Letter, the
      Subordination Agreement, the Second Amendment Letter Agreement and the
      Collateral Documents, and all documents, instruments and agreements delivered
      in
      connection with the foregoing.

    

    3.    Addition
      to Definitions.
      Section
      1.1 of the Credit Agreement is hereby amended to add the following new
      definitions thereto:

    

    “Second
      Amendment Effective Date” means March 13, 2008.

    

    “Second
      Amendment Letter Agreement” means that certain Second Amendment Letter
      Agreement, dated as of March 13, 2008, between Borrower and Administrative
      Agent, for the benefit of the Lenders. 

    

    “Stamford
      Real Property” means the real property set forth on Schedule
      9.17
      hereto
      that is located in Stamford, Connecticut. 

    

    4.    Amendment
      to Consolidated Capital Expenditures.
      Section
      10.2 of the Credit Agreement is hereby amended to delete the last sentence
      therefrom and to insert in place thereof the following:

    

    All
      such
      inspections or audits by Administrative Agent shall be at Borrower’s expense,
      provided that, so long as no Default or Event of Default exists, Borrower shall
      not be required to reimburse Administrative Agent for inspections or audits
      more
      frequently than two times during any Fiscal Year.

    

    5.    Post-Closing
      Amendment
      to Schedules to the Credit Agreement.
      Upon
      the delivery by Borrower of the updated Schedules to the Credit Agreement
      pursuant to Section 7(b) hereof, the
      Credit Agreement will be amended to delete each of the Schedules listed below
      therefrom and to insert in place thereof, respectively, the updated Schedules
      delivered pursuant to Section 7(b) hereof:

    

    
      	
              SCHEDULE
                1

            	
              Lenders
                and Pro Rata Shares

            
	
              SCHEDULE
                2

            	
              Addresses
                for Notices

            
	
              SCHEDULE
                3

            	
              Guarantors
                of Payment

            
	
              SCHEDULE
                4

            	
              EBITDA
                Add Back

            
	
              SCHEDULE
                9.6

            	
              Litigation
                and Contingent Liabilities

            
	
              SCHEDULE
                9.8

            	
              Subsidiaries

            
	
              SCHEDULE
                9.16

            	
              Insurance

            
	
              SCHEDULE
                9.17

            	
              Real
                Property

            
	
              SCHEDULE
                9.21

            	
              Labor
                Matters

            
	
              SCHEDULE
                10.10

            	
              Deposit
                Accounts

            
	
              SCHEDULE
                11.1

            	
              Existing
                Debt

            
	
              SCHEDULE
                11.2

            	
              Existing
                Liens

            
	
              SCHEDULE
                11.10

            	
              Investments

            
	
              SCHEDULE
                12.1

            	
              Debt
                to be Repaid

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    6.    Closing
      Items.
      Concurrently with the execution of this Amendment, Borrower shall: 

    

    (a) deliver
      to Administrative Agent an updated incumbency certificate for each Credit
      Party;

    

    (b) deliver
      to Administrative Agent an executed copy of that certain Consulting Agreement,
      dated as of September 22, 2006, between Stamford Industrial Group, Inc. and
      Kanders & Company, Inc., together with all amendments thereto;

    

    (c) pay
      to
      Administrative Agent, for the pro-rata benefit of the Lenders, an amendment
      fee
      in an amount equal to Forty-One Thousand Two Hundred Fifty Dollars ($41,250);
      

    

    (d) cause
      each Guarantor of Payment to execute the attached Acknowledgment and Agreement;
      and

    

    (e) pay
      all
      legal fees and expenses of Administrative Agent in connection with this
      Amendment.

    

    7.    Post-Closing
      Deliveries.
      On
      or
      before the dates specified below, unless otherwise agreed to by Administrative
      Agent in writing, Borrower shall satisfy each of the items specified
      below:

     

    (a) No
      later
      than March 31, 2008, Borrower shall, with respect to each parcel of the Stamford
      Real Property, deliver to Administrative Agent (i) a duly
      executed Mortgage providing for a fully perfected Lien, in favor of
      Administrative Agent, for the benefit of the Lenders, in all right, title and
      interest of Parent (and any other Credit Party) in such real property, (ii)
      a
      loan policy of title insurance, flood zone determinations and such other due
      diligence with respect to the Stamford Real Property as Administrative Agent,
      in
      its sole discretion, may require, each to be in form and substance acceptable
      to
      Administrative Agent, and (iii) an
      opinion of counsel regarding the Stamford Real Property, in form and substance
      satisfactory to Administrative Agent;

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (b) No
      later
      than March 31, 2008, Borrower shall deliver to Administrative Agent updated
      Schedules to the Credit Agreement for each of the Schedules referenced in
      Section 5 hereof. 

     

    (c)
       No
      later
      than March 31, 2008, Borrower shall deliver to Administrative Agent the
      following replacement Schedules to that certain Guaranty and Collateral
      Agreement, dated as of October 3, 2006, among the Credit Parties and
      Administrative Agent: Schedule
      1
      (Investment Property), Schedule
      4
      (Collateral Locations), Schedule
      5
      (Intellectual Property), Schedule
      6
      (Depository and Other Deposit Accounts), and Schedule
      7
      (Commercial Tort Claims).

     

    (d) No
      later
      than April 15, 2008, Borrower shall deliver to Administrative Agent an annual
      budget of the Parent Entities, prepared on a Consolidated and consolidating
      basis, for the Fiscal Years ending on December 31, 2008 (prepared on a monthly
      basis) and December 31, 2009 (prepared on a quarterly basis), in form and
      substance satisfactory to Administrative Agent.

     

    8.    Representations
      and Warranties.
      Borrower hereby represents and warrants to Administrative Agent and the Lenders
      that (a) Borrower has the legal power and authority to execute and deliver
      this
      Amendment; (b) the officers executing this Amendment have been duly
      authorized to execute and deliver the same and bind Borrower with respect to
      the
      provisions hereof; (c) the execution and delivery hereof by Borrower and
      the performance and observance by Borrower of the provisions hereof do not
      violate or conflict with the organizational agreements of Borrower or any law
      applicable to Borrower or result in a breach of any provision of or constitute
      a
      default under any other agreement, instrument or document binding upon or
      enforceable against Borrower; (d) no Default or Event of Default exists under
      the Credit Agreement, nor will any occur immediately after the execution and
      delivery of this Amendment or by the performance or observance of any provision
      hereof; (e) Borrower is not aware of any claim or offset against, or defense
      or
      counterclaim to, Borrower’s obligations or liabilities under the Credit
      Agreement; and (f) this Amendment constitutes a valid and binding
      obligation of Borrower in every respect, enforceable in accordance with its
      terms.

     

    9.    References
      to Credit Agreement.
      Each
      reference that is made in the Credit Agreement or any Related Writing shall
      hereafter be construed as a reference to the Credit Agreement as amended hereby.
      Except as herein otherwise specifically provided, all terms and provisions
      of
      the Credit Agreement are confirmed and ratified and shall remain in full force
      and effect and be unaffected hereby. This Amendment is a Related
      Writing.

     

    10.    Waiver.
      Borrower, by signing below, hereby waives and releases Administrative Agent
      and
      the Lenders (and their respective directors, officers, employees, attorneys,
      affiliates and subsidiaries) from any and all claims, offsets, defenses and
      counterclaims of which Borrower is aware, such waiver and release being with
      full knowledge and understanding of the circumstances and effect thereof and
      after having consulted legal counsel with respect thereto.

     

    11.    Counterparts.
      This
      Amendment may be executed in any number of counterparts, by different parties
      hereto in separate counterparts and by facsimile signature, each of which when
      so executed and delivered shall be deemed to be an original and all of which
      taken together shall constitute but one and the same agreement.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    12.    No
      Course of Dealing.
      Borrower acknowledges and agrees that this Amendment is not intended, nor shall
      it, establish any course of dealing with respect to the various provisions
      amended herein, or otherwise, between Borrower, Administrative Agent and Lenders
      that is inconsistent with the express terms of the Loan Documents.

     

    13.    Headings.
      The
      headings, captions and arrangements used in this Amendment are for convenience
      only and shall not affect the interpretation of this Amendment.

     

    14.    Severability.
      Any
      term or provision of this Amendment held by a court of competent jurisdiction
      to
      be invalid or unenforceable shall not impair or invalidate the remainder of
      this
      Amendment and the effect thereof shall be confined to the term or provision
      so
      held to be invalid or unenforceable.

     

    15.    Governing
      Law.
      The
      rights and obligations of all parties hereto shall be governed by the laws
      of
      the State of New York, without regard to principles of conflicts of
      laws.

     

    [Remainder
      of page intentionally left blank.]

     

     

     

     

     

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    JURY
      TRIAL WAIVER.
      BORROWER, THE LENDERS AND AGENT, TO THE EXTENT PERMITTED BY LAW, EACH HEREBY
      WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
      SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, THE LENDERS AND AGENT,
      OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL
      TO
      THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AMENDMENT OR
      ANY
      NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
      CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 

    

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Amendment as
      of
      the date first set forth above.

    

    
      	 	
              CONCORD
                STEEL, INC., 

              formerly
                known as SIG Acquisition Corp.

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            
	 	 
	 	
              LASALLE
                BANK NATIONAL ASSOCIATION,

              as
                Administrative Agent, as Issuing Lender, as Swing Line Lender and
                as a
                Lender

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            
	 	 
	 	
              FIRSTMERIT
                BANK, N.A.

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            
	 	 
	 	
              FIFTH
                THIRD BANK

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            
	 	 
	 	
              RBS
                CITIZENS, NATIONAL ASSOCIATION, 

              (d/b/a
                Charter One Bank)

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            

    

     

    
      Signature
        Page to

      Second
        Amendment Agreement

       

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

    

    ACKNOWLEDGMENT
      AND AGREEMENT

    

    The
      undersigned consent and agree to and acknowledge the terms of the foregoing
      Second Amendment Agreement dated as of March 13, 2008. The undersigned further
      agree that the obligations of the undersigned pursuant to the Guaranty and
      Collateral Agreement executed by the undersigned are hereby ratified and shall
      remain in full force and effect and be unaffected hereby.

     

    The
      undersigned hereby waive and release Administrative Agent and the Lenders and
      their respective directors, officers, employees, attorneys, affiliates and
      subsidiaries from any and all claims, offsets, defenses and counterclaims of
      any
      kind or nature, absolute and contingent, of which the undersigned are aware
      or
      should be aware, such waiver and release being with full knowledge and
      understanding of the circumstances and effect thereof and after having consulted
      legal counsel with respect thereto.

     

    JURY
      TRIAL WAIVER.
      THE
      UNDERSIGNED, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVE ANY RIGHT TO HAVE
      A
      JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
      OR
      OTHERWISE, AMONG BORROWERS, AGENT, THE LENDERS AND THE UNDERSIGNED, OR ANY
      THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
      RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AMENDMENT OR ANY
      NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
      CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 

    

    
      	
              STAMFORD
                INDUSTRIAL GROUP, INC.,  

              formerly
                known as Net Perceptions, Inc.

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            	 	
              CONCORD
                STEEL, INC., 

              formerly
                known as SIG Acquisition Corp.

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            
	 	 	 
	
              CRC
                WILMINGTON ACQUISITION, LLC

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            	 	
              1451
                BUENA VISTA AVENUE, LLC

               

              By:_____________________________________

              Name:___________________________________

              Title:____________________________________

            

    

    
       

      Signature
        Page to

      Acknowledgment
        and Agreement to

      Second
        Amendment Agreement

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    SCHEDULE
      1

     

    LENDERS
      AND PRO RATA SHARES

    

    
      	
              Lender

            	 	
              Revolving

              Commitment
                Amount

            	 	
               

              Term
                Loan
                Commitment

            	 	
               

              CAPEX

              Commitment

            	 	
               

              Commitment
                Percentage

            	 	
              Total
                Commitment Amount

            
	 	 	 	 	 	 	 	 	 	 	 
	
              LaSalle
                Bank National Association 

            	 	
              $3,750,000.01

            	 	
              $8,625,000.02

            	 	
              $0.00

            	 	
              37.500000100%

            	 	
              $12,375,000.03

            
	 	 	 	 	 	 	 	 	 	 	 
	
              FirstMerit
                Bank, N.A.

            	 	
              $2,083,333.33

            	 	
              $4,791,666.66

            	 	
              $0.00

            	 	
              20.833333300%

            	 	
              $6,874,999.99

            
	 	 	 	 	 	 	 	 	 	 	 
	
              Fifth
                Third Bank

            	 	
              $2,083,333.33

            	 	
              $4,791,666.66

            	 	
              $0.00

            	 	
              20.833333300%

            	 	
              $6,874,999.99

            
	 	 	 	 	 	 	 	 	 	 	 
	
              Charter
                One Bank, N.A.

            	 	
              $2,083,333.33

            	 	
              $4,791,666.66

            	 	
              $0.00

            	 	
              20.833333300%

            	 	
              $6,874,999.99

            
	 	 	 	 	 	 	 	 	 	 	 
	
              TOTALS

            	 	
              $10,000,000.00

            	 	
              $23,000,000.00

            	 	
              $0.00

            	 	
              100.000000000%

            	 	
              $33,000,000.00

            

    

     

    
      
         

      

      
        S-1

        
          

        

      

      
         

      

    

    SCHEDULE
      2

     

    ADDRESSES
      FOR NOTICES

     

    CONCORD
      STEEL, INC..

     

    c/o
      Stamford Industrial Group, Inc.

    One
      Landmark Square, 22nd
      Floor

    Stamford,
      Connecticut 06901

    Attention:
      Secretary and Treasurer

    Telephone:
      (203)-428-2040

    Facsimile:
      (203) 428-2041

     

    LASALLE
      BANK NATIONAL ASSOCIATION,
      as
      Administrative Agent, Issuing Lender and a Lender

     

    Notices
      of Borrowing , Conversion, Continuation and Letter of Credit
      Issuance

     

    135
      South
      LaSalle Street

    Chicago,
      Illinois 60603

    Attention:
      Brad Nelson

    Telephone:
      (312) 904-1999

    Facsimile:
      (312) 904-4448

     

    All
      Other Notices

     

    312
      Walnut Street, Suite 2200

    Cincinnati,
      Ohio 45202

    Attention:
      Shawn Masterson

    Telephone:
      (513) 929-3436

    Facsimile:
      (513) 929-0923

     

    
      
         

      

      
        S-2

        
          

        

      

      
         

      

       

    

    FIRSTMERIT
      BANK, N.A.

     

    Notices
      of Borrowing , Conversion, Continuation and Letter of Credit
      Issuance

     

    106
      South
      Main Street, TOW24

    Akron,
      Ohio 44308

    Attention:
      Andrea Poliak

    Telephone:
      (330) 384-7095

    Facsimile:
      (330) 996-6272

     

    All
      Other Notices

     

    106
      South
      Main Street, TOW24

    Akron,
      Ohio 44308

    Attention:
      Andrea Poliak

    Telephone:
      (330) 384-7095

    Facsimile:
      (330) 996-6272

     

    FIFTH
      THIRD BANK

     

    Notices
      of Borrowing , Conversion, Continuation and Letter of Credit
      Issuance

     

    4455
      Hills & Dales Rd. NW

    Canton,
      Ohio 44708

    Attention:
      Christine Schalmo

    Telephone:
      (330) 479-7967

    Facsimile:
      (330) 996-6071

    

    All
      Other Notices

    

    106
      South
      Main Street, TOW90

    Akron,
      Ohio 44308

    Attention:
      Robert G. Morlan

    Telephone:
      (330) 996-6420

    Facsimile:
      (330) 996-6394

     

    
      
         

      

      
        S-3

        
          

        

      

      
         

      

    

     

    RBS
      CITIZENS, NATIONAL ASSOCIATION d/b/a Charter One Bank

     

    Notices
      of Borrowing , Conversion, Continuation and Letter of Credit
      Issuance

     

    525
      William Penn Place, 153-2440

    Pittsburgh,
      Pennsylvania 15219    

    Attention:
      Curtis Jones   

    Telephone:
      (412) 867-3832

    Facsimile:
      (412) 867-2619

     

    All
      Other Notices

     

    1215
      Superior Avenue 

    Cleveland,
      Ohio 44114

    Attention:
      Gregg Bush 

    Telephone:
      (216) 277-0256

    Facsimile:
      (216) 348-0709

     

    
      
         

      

      
        S-4

        
          

        

      

      
         

      

    

     

    SCHEDULE
      3

     

    GUARANTORS
      OF PAYMENT

     

    Stamford
      Industrial Group, Inc. (formerly known as Net Perceptions, Inc.)

    CRC
      Wilmington Acquisition, LLC

    1451
      Buena Vista Avenue, LLC

     

    
      
         

      

      
        S-5Exhibit
      10.34

    

    STANFORD
      INDUSTRIAL GROUP, INC.

    2007
      STOCK INCENTIVE PLAN

    STOCK
      OPTION AGREEMENT

     

    STOCK
      OPTION AGREEMENT
      (the
“Agreement”) made as of this <<NUMBERDATE>> day of
<<MONTH>>, <<YEAR>>, by and between Stanford Industrial
      Group, Inc., a Delaware corporation, having its principal office at One Landmark
      Square, 22nd
      Floor,
      Stamford, Connecticut 06901 (the
      “Company”), and <<FIRSTNAME>> <<LASTNAME>>, an
      individual residing in <<citystate>> (the “Optionee”). Capitalized
      terms not defined herein shall have the meanings ascribed to them in the
      Company's 2007 Stock Incentive Plan.

    

    WHEREAS,
      the
      Company has heretofore adopted the Stanford Industrial Group, Inc. 2007 Stock
      Incentive Plan (the “Plan”) for the benefit of certain employees, officers,
      directors, consultants, independent contractors and advisors of the Company
      or
      Subsidiaries of the Company, which Plan has been approved by the Company's
      stockholders; and

    

    WHEREAS,
      the
      Optionee is a valued and trusted employee of the Company and/or one of its
      subsidiaries and the Company believes it to be in the best interests of the
      Company to secure the future services of the Optionee by providing the Optionee
      with an inducement to remain an employee of the Company and/or one of its
      Subsidiaries through the grant of an option to acquire an ownership interest
      in
      the Company.

    

    NOW,
      THEREFORE,
      the
      parties agree as follows:

    

    1. OPTION
      GRANT.
      Subject
      to the provisions hereinafter set forth and the terms and conditions of the
      Plan, the Company hereby grants to the Optionee, as of <<GRANTDATE>>
(the “Grant Date”), the right, privilege and option (the “Option”) to purchase
      all or any part of an aggregate of <<AMOUNTOFOPTIONS>> shares (the
“Shares”) of common stock of the Company, par value $.0001 per share (the
“Common Stock”), such number being subject to adjustment as provided in the
      Plan. To the extent applicable, this Option is intended to qualify as an
“incentive stock option” (“ISO”) within the meaning of Section 422 of the
      Internal Revenue Code of 1986, as amended (the “Code”), to the extent permitted
      under Section 422 of the Code.

    

    2.
       EXERCISE
      PRICE.
      Subject
      to adjustment as provided in the Plan, the purchase price per Share of Common
      Stock as to which this Option is exercised (the “Exercise Price”) shall be
      $<<SHAREPRICE>>, the Fair Market Value of such Shares on the Grant
      Date.

    

    3.
       EXERCISE
      OF OPTION.
      The
      term of the Option shall be for a period of ten (10) years from the Grant Date
      and shall expire without further action being taken at 5:00 p.m.,
<<EXPIRATIONDATE>>, subject to earlier termination as provided in
      Section 5 hereof (the “Expiration Date”). The Option may be exercised at any
      time, or from time to time, prior to the Expiration Date (or such additional
      period as may be permitted under the Plan) as to any part or all of the Shares
      covered by the Option, pursuant to the vesting schedule contained in Section
      4.1
      hereof; provided, however, that the Option may not be exercised as to less
      than
      one hundred (100) shares, unless it is exercised as to all Shares as to which
      this Option is then exercisable.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.
       VESTING
      AND LOCKUP RELEASE SCHEDULE.

    

       4.1 Vesting
      Date. The Shares into which this Option is exercisable shall vest in accordance
      with the following schedule:

     

    
      	
              VESTING DATE

            	
              NUMBER OF ISOs

            	
              NUMBER OF NON-

              QUALIFIED

            	
              TOTAL NUMBER OF

              SHARES

            
	 	 	 	 
	
              <<INSERT
                DATE>> 

            	
              <<TOTAL
                ISOS>> 

            	
              <<TOTAL
                NQSOS>> 

            	
              <<AMOUNTOFOPTIONS>>

            

    

    

    The
      allocation of options granted between ISOs and NQSOs indicated above is a result
      of the Limitations on ISO as outlined in the 2007 Stock Incentive Plan and
      reproduced below.

    

    5.7
      LIMITATIONS
      ON ISO.
      THE
      AGGREGATE FAIR MARKET VALUE (DETERMINED AS OF THE DATE OF GRANT) OF SHARES
      WITH
      RESPECT TO WHICH ISOS ARE EXERCISABLE FOR THE FIRST TIME BY A PARTICIPANT DURING
      ANY CALENDAR YEAR (UNDER
      THIS PLAN OR UNDER ANY OTHER INCENTIVE STOCK OPTION PLAN OF THE COMPANY OR
      SUBSIDIARY OF THE COMPANY) WILL NOT EXCEED $100,000 OR SUCH OTHER AMOUNT AS
      MAY
      BE REQUIRED BY THE CODE. IF THE FAIR MARKET VALUE OF SHARES ON THE DATE OF
      GRANT
      WITH RESPECT TO WHICH ISOS ARE EXERCISABLE FOR THE FIRST TIME BY A PARTICIPANT
      DURING ANY CALENDAR YEAR EXCEEDS $100,000, THEN THE OPTIONS FOR THE FIRST
      $100,000 WORTH OF SHARES TO BECOME EXERCISABLE IN SUCH CALENDAR YEAR WILL BE
      ISOS AND THE OPTIONS FOR THE AMOUNT IN EXCESS OF $100,000 THAT BECOME
      EXERCISABLE IN THAT CALENDAR YEAR WILL BE NQSOS. IN THE EVENT THAT THE CODE
      OR
      THE REGULATIONS PROMULGATED THEREUNDER ARE AMENDED AFTER THE EFFECTIVE DATE
      OF
      THIS PLAN TO PROVIDE FOR A DIFFERENT LIMIT ON THE FAIR MARKET VALUE OF SHARES
      PERMITTED TO BE SUBJECT TO ISOS, SUCH DIFFERENT LIMIT WILL BE AUTOMATICALLY
      INCORPORATED HEREIN AND WILL APPLY TO ANY OPTIONS GRANTED AFTER THE EFFECTIVE
      DATE OF SUCH AMENDMENT.

    

       4.2
      Shares that are vested pursuant to the schedule set forth in Section 4.1 hereof
      are “Vested Shares.”

    

      5. TERMINATION.

    

    5.1 Termination
      for Any Reason Except Death, Disability or Cause. If Optionee is Terminated
      for
      any reason (including if the Optionee voluntarily terminates employment by
      the
      Company) except Optionee's death, Disability or Cause, then this Option, to
      the
      extent (and only to the extent) that it is vested in accordance with the
      schedule set forth in Section 4.1 hereof on the Termination Date, may be
      exercised by Optionee no later than three (3) months after the Termination
      Date,
      (or such longer time period not exceeding five (5) years as may be determined
      by
      the Committee, with any exercise beyond three (3) months after the Termination
      Date deemed to be a NQSO), but in any event no later than the Expiration
      Date.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

       5.2 Termination
      Because of Death or Disability. If Optionee is Terminated because of death
      or
      Disability of Optionee, then this Option, to the extent that it is vested in
      accordance with the schedule set forth in Section 4.1 hereof on the Termination
      Date, may be exercised by Optionee (or Optionee's legal representative or
      authorized assignee) no later than twelve (12) months after the Termination
      Date
      (or such longer time period not exceeding five (5) years as may be determined
      by
      the Committee, with any such exercise beyond twelve (12) months after the
      Termination Date when the Termination is for Participant's death or Disability,
      deemed to be a NQSO), but in any event no later than the Expiration Date. Any
      exercise after three months after the Termination Date when the Termination
      is
      for any reason other than Optionee's disability, within the meaning of Section
      22(e)(3) of the Code, shall be deemed to be the exercise of a nonqualified
      stock
      option.

     

       5.3 Termination
      for Cause. If an Optionee is terminated for Cause, neither the Optionee, the
      Optionee's estate nor such other person who may then hold the Option shall
      be
      entitled to exercise any Option with respect to any Shares whatsoever, after
      termination of service, whether or not after termination of service the Optionee
      may receive payment from the Company or Subsidiary for vacation pay, for
      services rendered prior to termination, for services rendered for the day on
      which termination occurs, for salary in lieu of notice, or for any other
      benefits. In making such determination, the Committee shall give the Optionee
      an
      opportunity to present to the Committee evidence on his behalf. For the purpose
      of this paragraph, termination of service shall be deemed to occur on the date
      when the Company dispatches notice or advice to the Optionee that Optionee's
      service is terminated.

    

    For
      purposes of this Agreement, Termination for Cause means that the Company has
      cause to terminate an Optionee's employment or service under any existing
      employment, consulting or any other agreement between the Optionee and the
      Company or, if such an agreement does not exist, upon finding that (i) the
      Optionee has ceased to perform his duties (other than as a result of his
      incapacity due to physical or mental illness or injury), which constitutes
      an
      intentional or extended neglect of his/her duties, (ii) the Optionee has engaged
      or is about to engage in conduct materially injurious to the Company or (iii)
      the Optionee has been convicted of a felony.

    

       5.4 No
      Obligation to Employ. Nothing in the Plan or this Agreement shall confer on
      Optionee any right to continue in the employ of, or other relationship with,
      the
      Company, a Subsidiary or an Affiliate, or limit in any way the right of the
      Company or any Affiliate or Subsidiary of the Company to terminate Optionee's
      employment or other relationship at any time, with or without Cause. This
      Agreement does not constitute an employment contract. This Agreement does not
      guarantee employment for the length of time of the Vesting Schedule or for
      any
      portion thereof.

    

    6. MANNER
      OF EXERCISE.

    

    6.1 Stock
      Option Exercise Procedures. To exercise this Option, Optionee (or in the case
      of
      exercise after Optionee's death, Optionee's executor, administrator, heir or
      legatee, as the case may be) must follow such exercise procedures as may be
      established by the Committee from time to time in its sole discretion. Such
      procedures may include requiring that the Optionee provide certain information
      including, inter alia, Optionee's election to exercise this Option, the number
      of Shares being purchased, any restrictions imposed on the Shares and any
      representations, warranties and agreements regarding Optionee's investment
      intent and access to information as may be required by the Company to comply
      with applicable securities laws. If someone other than Optionee exercises this
      Option, then such person may be required to submit documentation reasonably
      acceptable to the Company that such person has the right to exercise this
      Option.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

       6.2 Limitations
      on Exercise. This Option may not be exercised unless such exercise is in
      compliance with all applicable federal and state securities laws, as they are
      in
      effect on the date of exercise.

    

       6.3 Payment.
      An exercise of this Option shall be accompanied by full payment of the aggregate
      Exercise Price for the Shares being purchased (a) in cash (by check), or (b)
      provided that a public market for the Company's stock exists: (1) through a
      “same day sale” commitment from Optionee and a broker-dealer that is a member of
      the National Association of Securities Dealers (an “NASD Dealer”) whereby
      Optionee irrevocably elects to exercise this Option and to sell a portion of
      the
      Shares so purchased to pay for the aggregate Exercise Price and whereby the
      NASD
      Dealer irrevocably commits upon receipt of such Shares to forward the aggregate
      Exercise Price directly to the Company; or (2) through a “margin” commitment
      from Optionee and an NASD Dealer whereby Optionee irrevocably elects to exercise
      this Option and to pledge the Shares so purchased to the NASD Dealer in a margin
      account as security for a loan from the NASD Dealer in the amount of the
      aggregate Exercise Price, and whereby the NASD Dealer irrevocably commits upon
      receipt of such Shares to forward the aggregate Exercise Price directly to
      the
      Company. Notwithstanding the foregoing, the Board of Directors or the Committee,
      in their sole discretion, may allow for the full payment of the aggregate
      Exercise Price for the Shares being purchased to be made by any other method
      which is in accordance with the provisions of the Plan.

    

        6.4 Tax
      Withholding. Prior to the issuance of the Shares upon exercise of this Option,
      Optionee must pay or provide for any applicable federal or state withholding
      obligations of the Company. If the Committee permits, Optionee may provide
      for
      payment of withholding taxes upon exercise of this Option by requesting that
      the
      Company retain Shares with a Fair Market Value equal to the minimum amount
      of
      taxes required to be withheld determined on the date that the amount of tax
      to
      be withheld is to be determined. In such case, the Company shall issue the
      net
      number of Shares to the Optionee by deducting the Shares retained from the
      Shares issuable upon exercise.

    

       6.5 Issuance
      of Shares. Provided that both the exercise procedures established by the
      Committee and payment are in manner, form and substance satisfactory to the
      Company, and upon the Company's request to counsel for the Company, the Company
      shall issue the Shares registered in the name of Optionee, Optionee's authorized
      assignee, or Optionee's legal representative, and shall deliver certificates
      representing the Shares with the appropriate legends affixed
      thereto.

    

    7. NOTICE
      OF DISQUALIFYING DISPOSITION OF ISO SHARES.
      To the
      extent this Option is an ISO, if Optionee sells or otherwise disposes of any
      of
      the Shares acquired pursuant to the ISO on or before the later of (a) the date
      two (2) years after the Date of Grant, and (b) the date one (1) year after
      transfer of such Shares to Optionee upon exercise of this Option, then Optionee
      shall immediately notify the Company in writing of such disposition.

    

    8. COMPLIANCE
      WITH LAWS AND REGULATIONS.
      The
      exercise of this Option and the issuance and transfer of Shares to the Optionee
      shall be subject to compliance by the Company and Optionee with (i) all
      applicable requirements of federal and state securities laws, (ii) all
      applicable requirements of any stock exchange on which the Company's Common
      Stock may be listed and (iii) any applicable policy of the Company regarding
      the
      trading of securities of the Company, each at the time of such issuance and
      transfer. Optionee understands that the Company is under no obligation to
      register or qualify the Shares with the SEC, any state securities commission
      or
      any stock exchange to effect such compliance.

    

    9. NONTRANSFERABILITY
      OF OPTION.
      This
      Option may not be transferred in any manner other than by will or by the laws
      of
      descent and distribution. During the lifetime of Optionee, the Option shall
      be
      exercisable only by Optionee personally or by the Optionee's legal
      representative. The terms of this Option shall be binding upon the executors,
      administrators, successors and assigns of Optionee.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    10. PRIVILEGES
      OF STOCK OWNERSHIP.
      Optionee shall not have any of the rights of a stockholder with respect to
      any
      Shares until the Shares are issued to Optionee. 

    

    11. INTERPRETATION.
      Any
      dispute regarding the interpretation of this Agreement shall be submitted by
      Optionee or the Company to the Committee for review. The resolution of such
      a
      dispute by the Committee shall be final and binding on the Company and
      Optionee.

    

    12.
       ENTIRE
      AGREEMENT.
      The
      Plan is incorporated herein by reference. This Agreement and the Plan and any
      exercise procedures as may be established by the Committee constitute the entire
      agreement and understanding of the parties hereto with respect to the subject
      matter hereof and supersede all prior understandings and agreements with respect
      to such subject matter. 

     

    13.
       NOTICES.
      Any
      notice required to be given or delivered to the Company under the terms of
      this
      Agreement shall be in writing and addressed to the Corporate Secretary of the
      Company at its principal corporate offices. Any notice required to be given
      or
      delivered to Optionee shall be in writing and addressed to Optionee at the
      address indicated above or to such other address as such party may designate
      in
      writing from time to time to the Company. All notices shall be deemed to have
      been given or delivered upon: personal delivery; three (3) days after deposit
      in
      the United States mail by certified or registered mail (return receipt
      requested); one (1) business day after deposit with any return receipt express
      courier (prepaid); or one (1) business day after transmission by
      facsimile.

    

    14. SUCCESSORS
      AND ASSIGNS.
      The
      Company may assign any of its rights under this Agreement. This Agreement shall
      be binding upon and inure to the benefit of the successors and assigns of the
      Company. Subject to the restrictions on transfer set forth herein, this
      Agreement shall be binding upon Optionee and Optionee's heirs, executors,
      administrators, legal representatives, successors and assigns.

    

    15. GOVERNING
      LAW.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Delaware, applicable to agreements made and to be performed entirely
      within such state, other than conflict of laws principles thereof directing
      the
      application of any law other than that of Delaware.

    

    16.
       ACCEPTANCE.
      Optionee hereby acknowledges receipt of a copy of the Plan and this Agreement.
      Optionee has read and understands the terms and provisions of the Plan, and
      accepts this Option subject to all the terms and conditions of the Plan and
      this
      Agreement. This Option is subject to, and the Company and the Optionee agree
      to
      be bound by, all of the terms and conditions of the Plan under which this Option
      was granted, as the same shall have been amended, restated or otherwise modified
      from time to time in accordance with the terms thereof. Pursuant to said Plan,
      the Board of Directors of the Company, or the Committee is vested with final
      authority to interpret and construe the Plan and this Option, and its present
      form is available for inspection during the business hours by the Optionee
      or
      other persons entitled to exercise this Option at the Company's principal
      office. Optionee acknowledges that there may be adverse tax consequences upon
      exercise of this Option or disposition of the Shares and that the Company has
      advised Optionee to consult a tax advisor prior to such exercise or
      disposition.

    

    17.
       COVENANTS
      OF THE OPTIONEE

    

    The
      Optionee agrees (and for any heir, executor, administrator, legal
      representative, successor, or assignee hereby agrees), as a condition upon
      exercise of the Option granted hereunder:

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

       (a)
      Upon
      the request of the Committee, to execute and deliver a certificate, in form
      satisfactory to the Committee, certifying that the Shares being acquired upon
      exercise of the Option are for such person's own account for investment only
      and
      not with any view to or present intention to resell or distribute the same.
      The
      Optionee hereby agrees that the Company shall have no obligation to deliver
      the
      Shares issuable upon exercise of the Option unless and until such certificate
      shall be executed and delivered to the Company by the Optionee or any
      successor.

    

    (b)
      Upon
      the request of the Committee, to execute and deliver a certificate, in form
      satisfactory to the Committee, certifying that any subsequent resale or
      distribution of the Shares by the Optionee shall be made only pursuant to either
      (i) a Registration Statement on an appropriate form under the Securities Act
      of
      1933, as amended (the “Securities Act”), which Registration Statement has become
      effective and is current with regard to the Shares being sold, or (ii) a
      specific exemption from the registration requirements of the Securities Act,
      but
      in claiming such exemption the Optionee shall, prior to any offer of sale or
      sale of such Shares, obtain a prior favorable written opinion of counsel, in
      form and substance satisfactory to counsel for the Company, as to the
      application of such exemption thereto. The foregoing restriction contained
      in
      this subparagraph (b) shall not apply to (i) issuances by the Company so long
      as
      the Shares being issued are registered under the Securities Act and a prospectus
      in respect thereof is current, or (ii) re-offerings of Shares by Affiliates
      of
      the Company (as defined in Rule 405 or any successor rule or regulation
      promulgated under the Securities Act) if the Shares being re-offered are
      registered under the Securities Act and a prospectus in respect thereof is
      current.

    

       (c)
      That
      certificates evidencing Shares purchased upon exercise of the Option shall
      bear
      a legend, in form satisfactory to counsel for the Company, manifesting the
      investment intent and resale restrictions of the Optionee described in this
      Section.

    

       (d)
      That
      upon exercise of the Option granted hereby, or upon sale of the Shares purchased
      upon exercise of the Option, as the case may be, the Company shall have the
      right to require the Optionee to remit to the Company, or in lieu thereof,
      the
      Company may deduct, an amount of shares or cash sufficient to satisfy federal,
      state or local withholding tax requirements, if any, prior to the delivery
      of
      any certificate for such Shares or thereafter, as appropriate.

     

    18. OBLIGATIONS
      OF THE COMPANY

    

       18.1 Upon
      the
      exercise of this Option in whole or in part, the Company shall cause the
      purchased Shares to be issued only when it shall have received the full payment
      of the aggregate Exercise Price in accordance with the terms of this
      Agreement.

    

       18.2 The
      Company shall cause certificates for the Shares as to which the Option shall
      have been exercised to be registered in the name of the person or persons
      exercising the Option, which certificates shall be delivered by the Company
      to
      the Optionee only against payment of the full Exercise Price in accordance
      with
      the terms of this Agreement for the portion of the Option
      exercised.

    

       18.3 
      In the
      event that the Optionee shall exercise this Option with respect to less than
      all
      of the Shares of Common Stock that may be purchased under the terms hereof,
      the
      Company shall issue to the Optionee a new Option, duly executed by the Company
      and the Optionee, in form and substance identical to this Option, for the
      balance of Shares of Common Stock then issuable pursuant to the terms of this
      Option.

    

       18.4 Notwithstanding
      anything to the contrary contained herein, neither the Company nor its transfer
      agent shall be required to issue any fraction of a Share of Common Stock in
      connection with the exercise of this Option, and the Company shall, upon
      exercise of this Option in whole or in part, issue the largest number of whole
      Shares of Common Stock to which this Option is entitled upon such full or
      partial exercise and shall return to the Optionee the amount of the aggregate
      Exercise Price paid by the Optionee in respect of any fractional
      Share.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

       18.5 The
      Company may endorse such legend or legends upon the certificates for Shares
      issued to the Optionee pursuant to the Plan and may issue such “stop transfer”
instructions to its transfer agent in respect of such Shares as, in its
      discretion, it determines to be necessary or appropriate to: (i) prevent a
      violation of, or to perfect an exemption from, the registration requirements
      of
      the Securities Act; (ii) implement the provisions of the Plan and any agreement
      between the Company and the Optionee with respect to such Shares; or (iii)
      permit the Company to determine the occurrence of a disqualifying disposition,
      as described in Section 421(b) of the Code, of Shares transferred upon exercise
      of an incentive stock option granted pursuant to this Agreement and under the
      Plan.

    

       18.6 The
      Company shall pay all issue or transfer taxes with respect to the issuance
      or
      transfer of Shares to the Optionee, as well as all fees and expenses necessarily
      incurred by the Company in connection with such issuance or transfer, except
      fees and expenses which may be necessitated by the filing or amending of a
      Registration Statement under the Securities Act, which fees and expenses shall
      be borne by the Optionee, unless such Registration Statement under the
      Securities Act has been filed by the Company for its own corporate purposes
      (and
      the Company so states) in which event the Optionee shall bear only such fees
      and
      expenses as are attributable solely to the inclusion of the Shares he or she
      receives in the Registration Statement.

    

       18.7 All
      Shares issued following exercise of the Option and the payment of the Exercise
      Price in accordance with the terms of this Agreement therefore shall be fully
      paid and non-assessable to the extent permitted by law. 

      

    19. MISCELLANEOUS

    

       19.1 If
      the
      Optionee loses this Agreement representing the Option granted hereunder, or
      if
      this Agreement is stolen or destroyed, the Company shall, subject to such
      reasonable terms as to indemnity as the Committee, in its sole discretion shall
      require, enter into a new option agreement pursuant to which the Company shall
      issue a new Option, in form and substance identical to this Option, and in
      substitution for, the Option so lost, stolen or destroyed, and in the event
      this
      Agreement representing the Option shall be mutilated, the Company shall, upon
      the surrender hereof, enter into a new option agreement pursuant to which the
      Company shall issue a new Option, in form and substance identical to this
      Option, and in substitution for, the Option so mutilated. 

     

    19.2 This
      Agreement cannot be amended, supplemented or changed, and no provision hereof
      can be waived, except by a written instrument making specific reference to
      this
      Agreement and signed by the party against whom enforcement of any such
      amendment, supplement, modification or waiver is sought. A waiver of any right
      derived hereunder by the Optionee shall not be deemed a waiver of any other
      right derived hereunder.

    

       19.3 
      This
      Agreement may be executed in any number of counterparts, but all counterparts
      will together constitute but one agreement. 

     

    19.4 
      In the
      event of a conflict between the terms and conditions of this Agreement and
      the
      Plan, the terms and conditions of the Plan shall govern. 

    

       19.5 Any
      dispute regarding the interpretation of this Agreement shall be submitted by
      Optionee or the Company to the Committee for review. The resolution of such
      a
      dispute by the Committee shall be final and binding on the Company and
      Optionee.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      Company has caused this Agreement to be executed in duplicate by its duly
      authorized representative and Optionee has executed this Agreement in duplicate
      as of the Date of Grant.

    

    
      	 	 STANFORD
              INDUSTRIAL GROUP, INC.	 
	 	 	 	 
	
               

            	
               By:

            	
               

            	 
	 	 	 	 
	 	 	
              Name:

            	 
	 	 	
              Title:

            	 
	 	 	 	 
	 	 	
              OPTIONEE:

            	 
	 	 	 	 
	 	 	 	 
	 	 	
              <<FirstName>>
                <<LastName>>

            	 

    

     

    
      
        
        

      

      
        8

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