Document:

Employment Agreement dated October 31, 2002

  Exhibit 10.119
 EMPLOYMENT AGREEMENT
 AGREEMENT made as of the 31st day of October 2002 by and between CALYPTE BIOMEDICAL CORPORATION, having a place of business at 1265 Harbor Bay Parkway, Alameda, CA 94502 (hereinafter referred to as
“EMPLOYER”) and NANCY KATZ, residing at __4307 Quail Run Place Danville ,CA 94506_____________(hereinafter referred to as “EMPLOYEE”). 
 WITNESSETH:
 WHEREAS , the EMPLOYER is engaged in the business of developing and marketing urine-based diagnostic products and services for Human Immunodeficiency
Virus (HIV-1); and 
 WHEREAS , the EMPLOYER is desirous of employing EMPLOYEE, and EMPLOYEE wishes to be employed by EMPLOYER in accordance with the terms and conditions set forth in this
Agreement; and 
 NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES AND OTHER GOOD AND VALUABLE CONSIDERATION, THE RECEIPT OF WHICH IS HEREBY ACKNOWLEDGED, IT IS MUTUALLY AGREED
AS FOLLOWS: 
 FIRST:     EMPLOYER and EMPLOYEE agree to enter into an Employment Agreement, and the within Employment Agreement is effective as of the date first
written above. The EMPLOYER does hereby employ, engage and hire the EMPLOYEE as President and Chief Executive Officer of EMPLOYER for a period of five (5) years commencing October 31, 2002 and terminating October 21, 2007. EMPLOYER and
EMPLOYEE agree that the within Agreement is renewable by mutual agreement for successive one (1) year terms, upon written notice of renewal 90 days prior to the expiration date of the within Agreement. The duties of EMPLOYEE shall include, but not
be limited to, acting as President and Chief Executive Officer of EMPLOYER. EMPLOYEE will perform services on behalf of EMPLOYER with respect to the management and general supervision of the business of EMPLOYER. 
 SECOND:      With the consent of EMPLOYEE and subject to Paragraph NINTH herein EMPLOYER agrees to place EMPLOYEE on the slates of nominees for a seat on the
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    Board of Directors during the initial term of this Agreement.
 THIRD:    The EMPLOYEE agrees that she will, at all times, faithfully, industriously, and to the best of her ability, experience and talent, perform all of the duties that may be required of and from
her, pursuant to the expressed and implicit term hereof. 
 FOURTH:    EMPLOYER shall pay to the EMPLOYEE, and the EMPLOYEE agrees to accept from the EMPLOYER, in full
payment for the EMPLOYEE’s services hereunder, compensation at the rate of $300,000 per annum. EMPLOYEE will be paid bi monthly during the term of the within Agreement. 
 In addition, EMPLOYER
agrees to reimburse EMPLOYEE for all expenses incurred by EMPLOYEE during the term of her employment. EMPLOYEE agrees to provide adequate written documentation as may be required with respect to said expenses. 
 Additionally, EMPLOYER further agrees to grant EMPLOYEE stock options as follows: 4,400,000 options exercisable at $.08 per share.  The options will be exercisable for a period of five (5) years, from the date hereof. One
hundred (100%) percent of the 4,400,000 stock options will vest upon execution of the within Agreement. It is understood and agreed that EMPLOYER will also provide cost-free piggyback registration rights for all of the said shares. EMPLOYER further
agrees that EMPLOYER will use its best efforts to register, without cost or expense to EMPLOYEE, the underlying shares with respect to said stock options within 120 days of the date hereof, or as soon as practicable, after the effectiveness or
withdrawal of EMPLOYER’s pending registration with the Securities and Exchange Commission. 
 The stock options herein will be exercisable by the EMPLOYEE by making payment to the Company or, in
the alternative, at the election of employee, by a cashless exercise of all or part of said vested options. 
 EMPLOYER agrees to an annual review of EMPLOYEE’s performance for the purpose of
awarding a bonus to EMPLOYEE.  EMPLOYER further agrees to consider providing employee an increase in base compensation based on an annual review of EMPLOYEE’s performance and the economic condition of EMPLOYER for each year of the
agreement. The within Agreement has been approved by EMPLOYER’s  Compensation Committee. 
 FIFTH:     In the event that the Employment Agreement is terminated
by EMPLOYER without cause, or EMPLOYER sells an amount of its outstanding and issued common stock to any entity or third party which results in a change of control of EMPLOYER (defined in paragraph NINTH), then in such event, all stock options
granted to EMPLOYEE in addition to options granted per Paragraph THIRD of this Agreement will 
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  be immediately vested in EMPLOYEE, and all payments due to EMPLOYEE for the full term of the Agreement will be due to EMPLOYEE.  Notwithstanding the foregoing, in no event
will EMPLOYEE  receive less than twelve (12) months of compensation in the event of any of the foregoing events.
 Additionally, with respect to EMPLOYEE’s compensation, EMPLOYER agrees to
consider providing employee an increase based on performance over base compensation, based on the prior years base compensation for each year of the Agreement. This increase will be determined by the board of directors annually. EMPLOYER will be
responsible for all payments to EMPLOYEE if EMPLOYEE in good faith agreed to an extension of the within agreement. Furthermore, EMPLOYEE shall have the right, in the event of termination without cause, to be paid the balance of the compensation due
under the terms of the within Agreement and in no case will EMPLOYEE receive less than a minimum of twelve (12) months salary. 
 SIXTH :    EMPLOYEE shall devote all of her
working time, attention, knowledge and skill solely and exclusively to the business and interest of the EMPLOYER (except that EMPLOYEE will be permitted to be a consultant for other companies that do not compete with EMPLOYER and such consulting
services do not interfere with the services of EMPLOYEE to be performed on behalf of EMPLOYER). The EMPLOYEE expressly agrees that she will not, during the term hereof or for one (1) year from the termination of this Agreement, be involved directly
or indirectly, in any form, fashion or manner, as a partner, officer, director, stockholder (owning in excess of 4.9%), advisor, consultant or employee in any other business similar to or in any way competing with the business of the EMPLOYER.
Nothing herein contained shall, however, limit the rights of the EMPLOYEE to own up to 5% of the capital stock or other securities of any corporation, whose stock or securities are publicly owned or traded regularly on a public exchange or in the
over-the-counter market, or to prevent the EMPLOYEE from investing financially in, or limiting the EMPLOYEE’s rights to invest financially in, other businesses not allied with or competing with the business of the EMPLOYER, as long as EMPLOYEE
continues to devote all of her working time, attention, knowledge and skill, solely and exclusively to the business and interest of the EMPLOYER. EMPLOYEE will be permitted to serve on the Board of Directors of publicly owned companies. 

SEVENTH :    Except as provided for in Paragraph FOURTH herein, during the terms of EMPLOYEE’s employment under this Agreement, and for one (1) year thereafter, the EMPLOYEE
specifically agrees that she will not, at any time, in any fashion, form or manner, either directly or indirectly, use, divulge, disclose or communicate to any person, firm or corporation, in any manner whatsoever, any confidential or proprietary
information of any kind, nature or description concerning any matters affecting or relating to the business of the EMPLOYER including, without limiting the generality of the foregoing, any of its customers, its manner of operations, its plans, its
ideas, processes, programs, its intellectual property or other data, information or materials of any kind, nature or description, without regard to whether any or all of the foregoing 
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  matters shall be deemed confidential, material or important. The parties hereto stipulate that, as between them, the same are important, material, confidential and gravely affect
the effective and successful conduct of the business of the EMPLOYER and its goodwill, and that any breach of the terms of this Paragraph is a material breach thereof, except where the EMPLOYEE shall be acting on behalf of the EMPLOYER. EMPLOYEE
understands and agrees that, in the event that EMPLOYEE violates the terms and conditions, as stated in this Paragraph, that she will be subject to an injunction and damages, and understands and agrees that EMPLOYER’s remedy to prevent further
or continued damages will include a petition for injunctive relief. EMPLOYEE expressly acknowledges that the restrictions contained in this Paragraph are reasonable and are properly required for the adequate protection of the EMPLOYER’s
interests. 
 EMPLOYEE further understands and agrees that EMPLOYER, in entering into this Agreement, is relying upon EMPLOYEE’s representation and warranty that all trade secrets and other
proprietary information of EMPLOYER will be kept strictly confidential by EMPLOYEE and not utilized by EMPLOYEE in any manner whatsoever other than on EMPLOYER’s behalf during the course of EMPLOYEE’s employment with EMPLOYER. 

EIGHTH :    EMPLOYEE agrees that, during the term of this Agreement and for one (1) year after termination hereof, she shall not, for herself or any third party, directly or
indirectly, divert or attempt to divert from the EMPLOYER or its subsidiaries or affiliates any business of any kind in which it is engaged or employed, solicit for employment, or recommend for employment any person employed by the EMPLOYER or by
any of its subsidiaries or affiliates, during the period of such person’s employment and for a period of one (1) year thereafter. EMPLOYEE expressly acknowledges that the restrictions contained in this paragraph are reasonable and are properly
required for the adequate protection of the EMPLOYER’s interests. 
 NINTH :    It is expressly understood and agreed that the terms of this Agreement, may be terminated
by the EMPLOYER prior to _October 31, 2007, upon the occurrence of any of the following events: 
 (a)  Automatically and without notice upon the death of the EMPLOYEE; it is also
understood that EMPLOYEE will be entitled to three (3) months’ salary which will be payable to her estate; 
 (b)  Persistent absenteeism on the part of the EMPLOYEE, which in the
reasonable judgment of the Board of Directors of the Company is having or will have a material adverse effect on the performance of the EMPLOYEE’s duties under this Agreement; 
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  (c)  Deliberate and willful failure to perform normal services and duties required of EMPLOYEE pursuant to this Agreement, except if the performance of such duties or
services would result in a violation of EMPLOYEE’s fiduciary responsibility to the Company and its shareholders or is in a violation of applicable laws; 
 (d)  Any willful act or
failure to act, which in the reasonable opinion of the Board, is in bad faith and to the material detriment of the EMPLOYER; 
 (e)  Conviction of a felony involving moral turpitude or
dishonesty; 
 (f)  Total or partial disability of the EMPLOYEE for a period of three (3) consecutive months or ninety (90) days, in the aggregate, so that she is prevented from
satisfactorily performing a substantial part of her duties; it being further understood and agreed that any proceeds received by EMPLOYEE from a policy of disability benefits insurance or any other proceeds received from any Federal, State or
Municipal agency of government will be credited to the amount of compensation paid to EMPLOYEE by EMPLOYER; and 
 (g)  Fraudulent misconduct of the EMPLOYEE. 
 The Agreement shall not be terminated by any: 
 (a)  Merger or consolidation, where the Company is not the consolidating or surviving; or 
 (b)  Transfer of all or a substantial majority of the assets of the Company; 
 (c)  Acquisition or control of fifty percent (50%) or more of the
Company’s issued and voting equity share capital by any party, or by parties acting in concert or under common control. 
 In the event of any merger or consolidation or transfer of all, or a
substantial majority, of the assets of the Company or acquisition or control of fifty percent (50%) (or an amount of stock ownership that has the ability to elect the Board of Directors of EMPLOYER) or more of the Company’s issued and voting
equity share capital by any party or by parties acting in concert or under common control, the surviving or resulting entity or the transferee or transferees of the Company’s assets or its issued and voting 
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  equity share capital, shall be bound by, and shall have the benefit of, the provision of this Agreement, and the Company shall endeavor to take all actions necessary to ensure
that such entity or transferee or transferees shall be bound by the provisions of the Agreement. Moreover, in the event of such merger or consolidation, or transfer of all or a substantial majority of the assets of the Company or acquisition of the
Company of the Company’s issued and voting equity share capital as aforesaid, the EMPLOYEE may, at her option, at any time, continue her employment under the terms of this Agreement, or upon giving not less than thirty (30) days notice at any
time, by registered mail, to the registered office of the Company, requiring the Company to effect full settlement of all the EMPLOYEE’s entitlements under the terms of this Agreement, which settlement shall also include the payment of
EMPLOYEE’s remuneration for the full term of the Agreement. 
 TENTH :    EMPLOYER agrees that EMPLOYEE will be entitled, during the term, to all fringe benefits in
effect for executive officers of the EMPLOYER, such as Blue Cross/ Blue Shield and Major Medical and ($1,000,000) term life insurance benefits to insure the payment of all compensation due to EMPLOYEE under the within Agreement. Any excess in the
amount of life insurance will be paid to EMPLOYEE’s estate in full satisfaction of all sums due to EMPLOYEE under the within Agreement. 
 Additionally, within 30 days from the date hereof,
EMPLOYER agrees to afford EMPLOYEE the option of an automobile allowance in the sum of $750 per month for the term of the within Agreement or, in the alternative, EMPLOYEE agrees to provide to EMPLOYER verification of automobile expenses incurred
each month during the term of the within Agreement. 
 ELEVENTH :    This Agreement contains the total and entire Agreement between the parties and shall, as of the effective
date hereof, supersede any and all other Agreements between the parties. The parties acknowledge and agree that neither of them has made any representations that are not specifically set forth herein, and each of the parties hereto acknowledges that
he or it has relied upon his or its own judgment in entering into same, and that the within Agreement has been approved by the EMPLOYERS compensation committee. 
 TWELFTH
:    The parties hereto do further agree that no waiver or modification of this Agreement or of any covenant, condition or limitation herein contained, shall be valid, unless in writing and duly executed by the party to be
charged therewith, and that no evidence of any proceedings or litigation between either of the parties arising out of or affecting this Agreement or the rights and obligations of any party hereunder shall be valid and binding unless such waiver or
modification is in writing, duly executed, and the parties further agree that the provisions of this paragraph may not be waived except as herein set forth. 
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  THIRTEENTH :    The parties hereto agree that it is their intention and covenant that this Agreement and the performance hereunder shall be construed
in accordance with and under the laws of the State of California, and that the terms hereof may be enforced in any court of competent jurisdiction in an action for specific performance which may be instituted under this Agreement, and that in the
event of any dispute or claim under the within Agreement, that same will be resolved in the Courts of the State of California. 
 FOURTEENTH :    EMPLOYER indemnifies and
holds harmless EMPLOYEE from any claims of any type against EMPLOYER that arise prior to the date of the commencement of this Agreement. 
 FIFTEENTH :    EMPLOYEE and
EMPLOYER warrant and represent that each has had sufficient and adequate opportunity to consult with independent counsel concerning the within Agreement, and has requested that the firm of Baratta & Goldstein prepare the within Agreement, and is
aware that said firm is relying upon the within representation prior to the parties entering into the Agreement herein. 
 SIXTEENTH :    All notices required or permitted to be
given by either party hereunder shall be in writing and mailed by registered mail, return receipt requested and by regular mail to the other party addressed as follows: 
 If to EMPLOYER at:

 CALYPTE BIOMEDICAL CORPORATION
 1265 Harbor Bay Parkway
 Alameda, CA 94502
 If to EMPLOYEE at: 
 NANCY KATZ
 Any notice mailed, as provided above, shall be deemed completed on the date of receipt, or five (5) days from the postmark on said postal receipt. 

IN WITNESS WHEREOF , the parties have hereunto set their hands and seals the day, month and year first above written. 
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 	 CALYPTE BIOMEDICAL CORPORATION
 	  
 
	  
 	  
 	  
 
	  
 	  
 	  
 
	 By:
 	 /s/ ANTHONY J. CATALDO
 	   
 
	  
 	 
 	   
 
	   
 	 Anthony J. Cataldo
 Chairman
 	   
 
	  
 	  
 	  
 
	  
 	 /s/ NANCY E. KATZ
 	  
 
	  
 	 
 	  
 
	   
 	 Nancy Katz
 	   
 

 8Exhibit 10.1

  
 Exhibit 10.1 
  
 Sales Plan 
  
 Sales Plan, dated
as of May 31, 2002 (the “Sales Plan”), between Richard Kay (“Seller”) and Goldman, Sachs & Co. (“Broker”). 
  
 WHEREAS, the Seller desires to establish the Sales Plan to sell shares of common stock, par value $0.0001 per share (the “Stock”), of Legato Systems, Inc. (the “Issuer”) in
accordance with the requirements of Rule 10b5-1 as further set forth herein; 
  
 NOW, THEREFORE, the Seller and
Broker hereby agree as follows: 
  
 1.    Broker shall effect one or more sales (each a “Sale”) of shares of
Stock (the “Shares”) as further set forth in the attached Annex A to the Sales Plan. 
  
 2.    This Sales Plan
shall become effective as of the date hereof and shall terminate on the earlier of (i) June 13, 2003, (ii) the date all Shares have been sold in accordance with this Plan or (iii) the death of the Seller. 
  
 3.    Seller understands that Broker may effect Sales hereunder jointly with orders for other sellers of Stock of the Issuer and that the
average price for executions resulting from bunched orders will be assigned to Seller’s account. All orders will be deemed day orders only and not held unless otherwise specified in Annex A. 
  

4.    Seller represents and warrants that, as of the date first set forth above, Seller is not aware of material, nonpublic information with respect to the Issuer or any
securities of the Issuer (including the Stock) and is entering into this Sales Plan in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1. 
  
 5.    It is the intent of the parties that this Sales Plan comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and this Sales Plan shall be interpreted to
comply with the requirements of Rule 10b5-1(c). 
  
 6.    Seller represents that the Shares were acquired in a
transaction to which Rule 145 under the Securities Act of 1933, as amended, applies. The Sales of the Shares pursuant to the Sales Plan shall be effected pursuant to Rule 145(d)(1), provided that Broker may assume that Sales effected hereunder are
the only sales for Seller’s account which must be aggregated for purposes of compliance with Rule 144(e), and Seller shall not take, and shall not cause any person or entity with which he or she would be required to aggregate sales of Stock
pursuant to paragraph (a)(2) or (e) of Rule 144 to take, any action that would cause the Sales not to comply with Rule 145 and Rule 144(e). 
  
 7.    Seller represents and warrants that Seller is currently permitted to sell Stock in accordance with the Issuer’s insider trading policies and has obtained the approval of the Issuer to enter into this
Sales Plan and that, other than any Rule 145 requirements set forth herein, there are no contractual, regulatory, or other restrictions applicable to the Sales contemplated under this Sales Plan that would interfere with Broker’s ability to

 execute Sales and effect delivery and settlement of such Sales on behalf of Seller, other than restrictions with respect to which the Seller has
obtained all required consents, approvals and waivers. Seller shall notify Broker immediately in the event that any of the above statements become inaccurate prior to the termination of this Sales Plan. 
  
 8.    Seller shall make all filings, if any, required under Sections 13(d) and 16 of the Exchange Act. 
  
 9.    Seller understands that Broker may not be able to effect a Sale due to a market disruption or a legal, regulatory or contractual
restriction applicable to the Broker or any other event or circumstance (a “Blackout”). Seller also understands that even in the absence of a Blackout, Broker may be unable to effect Sales consistent with ordinary principles of best
execution due to insufficient volume of trading, failure of the Stock to reach and sustain a limit order price, or other market factors in effect on the date of a Sale set forth in Annex A (“Unfilled Sales”). 
  
 Broker agrees that if Issuer enters into a transaction that results, in Issuer’s good faith determination, in the imposition of trading restrictions on the
Seller and on all directors and senior executive officers of the Issuer, such as a stock offering requiring a lock-up of all such persons (“Issuer Restriction”), and if Issuer and Seller shall provide Broker at least three (3) days’
prior written notice signed by Issuer and Seller and confirmed by telephone of such trading restrictions (Attn: Restricted Stock Desk, c/o Control Room; Fax No. (212) 902-0943; Tel: (212) 902-1511), then Broker will cease effecting Sales under this
Plan until notified in writing by Issuer and Seller that such restrictions have terminated. Broker shall resume effecting Sales in accordance with this Plan as soon as practicable after the cessation or termination of a Blackout or Issuer
Restriction. Any Unfilled Sales, and any Sales that would have been executed in accordance with the terms of Annex A but are not executed due to the existence of a Blackout or Issuer Restriction, shall be deemed to be cancelled and shall not be
effected pursuant to this Sales Plan. 
  
 10.    This Sales Plan shall be governed by and construed in accordance with
the laws of the State of Delaware and may be modified or amended only by a writing signed by the parties hereto (and, if required by Broker, upon the acknowledgement in writing by the Issuer if at such time Seller is a person covered by section
16(a) of the Securities Exchange Act of 1934, as amended, with respect to the Issuer or is otherwise then subject to the Issuer’s insider trading policies) or terminated upon delivery by Seller of written notice to Broker of such termination in
the form attached hereto as Annex B, and provided that any such modification, termination or amendment shall only be permitted at a time when the Seller is otherwise permitted to effect sales under the Issuer’s trading policies and at a time
when the Seller is not aware of material nonpublic information concerning the Issuer or its securities. In the event of a modification or amendment to this Sales Plan, or in the event Seller establishes a new plan after termination of the Sales
Plan, no sales shall be effected during the thirty days immediately following such modification, amendment or termination (other than Sales already provided for in the Sales Plan prior to modification, amendment or termination). 

 
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 11.    Broker shall have the right to require, as a condition to Broker’s
consent to any modification, termination or amendment under paragraph 10, that Seller shall (i) exculpate Broker from any action taken or omitted to be taken by Broker and (ii) indemnify Broker against any losses, damages, liabilities or expenses
incurred by Broker, in each case for actions or losses in connection with or arising out of this Sales Plan and any amended or subsequent sales plan. 
  
 12.    This Sales Plan may be executed in one or more counterparts (whether delivered by facsimile or otherwise), all of which shall constitute one and the same instrument. 
  
 [SIGNATURE PAGE FOLLOWS] 

 
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 IN WITNESS WHEREOF, the undersigned have signed this Sales Plan as of the date
first written above. 
  
 
	  	 	 Goldman, Sachs & Co.
 
	 
	 /s/    Richard A. Kay
 
	 	 By:
 	 	 /s/    Michael Dweck        
 

	 Richard A. Kay
 	 	 Name:
 Title:
 	 	 Michael Dweck
 Managing Director
 

 

  
 Annex A 
 Richard A. Kay 
 Legato Systems, Inc. 
  
 Broker shall sell up to a maximum of 3,000,000 Shares under this Sales Plan pursuant to the following limit orders: 
  
 
	
	
	
	
	
	
	
	
	
	
	

	 Date
 	  	 Shares to be sold*
 	  	 $ Limit**
 	    	 Cost Basis
 	    	 Purchase Date
 	    	 Nature of Acquisition
 
	
	
	
	
	
	
	
	
	
	
	

	 
	 Each Trading Day commencing June 17, 2002 through and including
June 13, 2003
 	  	 [***]
 	  	 [***]
 	    	  	    	  	    	  
	
	
	
	
	
	
	
	
	
	
	

	 
	 Each Trading Day commencing June 17, 2002 through and including June 13,
2003
 	  	 [***]
 	  	 [***]
 	    	  	    	  	    	  
	
	
	
	
	
	
	
	
	
	
	

	 
	 Each Trading Day commencing July 18, 2002 through and including June 13,
2003
 	  	 [***] 
 	  	 [***] 
 	    	  	    	  	    	  
	
	
	
	
	
	
	
	
	
	
	

 
  

	*
	 
	Share amounts and limit prices listed shall be increased or decreased to reflect stock splits, stock dividends, recapitalizations and the like, should they
occur 
 

	**
	 
	Any Sale executed at a time when more than one limit order is in effect shall be allocated to the highest such limit order. 
 

 
 Commissions: 
  
 If the average
per share price of Broker’s daily executions hereunder is less than $8.00, then Seller shall pay a per share commission of $0.06. If the average per share price of Broker’s daily executions hereunder is $8.00 or greater, then Seller shall
pay a per share commission of $0.08. Such commissions comply with the requirements of Rule 144(g)(1). 
  
 [SIGNATURE PAGE
FOLLOWS] 
  

	[***]
	 
	Means that certain confidential information has been deleted from this document and filed separately with the Securities and Exchange Commission. 

  
 IN WITNESS WHEREOF, the undersigned have signed this Annex A to the Sales Plan of
Richard A. Kay as of the date of such Sales Plan. 
  
 
	  	 	 Goldman, Sachs & Co.
 
	 
	 /s/    Richard A. Kay
 
	 	 By:
 	 	 /s/    Michael Dweck        
 

	 Richard A. Kay
 	 	 Name:
 Title:
 	 	 Michael Dweck
 Managing Director
 

 

  
 ANNEX B 
  
 FORM OF TERMINATION NOTICE 
  
 Termination Notice, dated as of ___________, 2002, of the Sales Plan, dated __________, _____ (the “Sales Plan”), between ____________ (“Seller”) and Goldman, Sachs & Co. (“Broker”). 

 
 WHEREAS, Seller and Broker have previously entered into the Sales Plan; 
  

WHEREAS, Seller desires to terminate the Sales Plan in accordance with the terms thereof as hereinafter provided; and 
  
 WHEREAS, all capitalized and undefined terms have the meanings assigned to them in the Sales Plan; 
  
 NOW THEREFORE, the Seller hereby notifies Broker as follows: 
  
 1.    Any Sales set forth under Annex A to the Sales Plan that have not been executed shall be cancelled as promptly as practicable but in no event
later than three days following the date of delivery of this Termination Notice to Broker in accordance with the notice provisions set forth under paragraph 9 of the Sales Plan. The last day on which Sales are executed shall be the “Termination
Date”. 
  
 2.    Seller represents and warrants that Seller is not aware of material,
nonpublic information with respect to the Issuer or any securities of the Issuer (including the Stock) and is providing this Termination Notice in good faith and not as part of a plan or scheme to evade the prohibitions of Rule 10b5-1. 

 
 3.    Seller agrees that Broker shall not have any liability whatsoever to the Seller for any action
previously or hereafter taken or omitted to be taken in connection with the Sales Plan or this Termination Notice or the making of any Sale thereunder, or for any sales of any securities of the Issuer that may be effected by Seller following the
Termination Date, unless such liability is determined in a non-appealable order of a court 

  
 of competent jurisdiction to be solely the result of Broker’s bad faith or gross negligence. Seller
further agrees to hold Broker free and harmless from any and all losses, damages, liabilities or expenses (including reasonable attorneys’ fees and costs) incurred or sustained by Broker in connection with or arising out of any suit, action or
proceeding relating to the Sales Plan or this Termination Notice or any other sales of shares of any securities of the Issuer that may be effected by Seller following the Termination Date (each an “Action”) and to reimburse Broker for its
expenses, as they are incurred, in connection with any Action, unless such loss, damage, liability or expense is determined in a non-appealable order of a court of competent jurisdiction to be solely the result of Broker’s bad faith or gross
negligence. 
  
 4.    This Termination shall be governed by and construed in accordance with the
laws of the State of New York. 
  
 IN WITNESS WHEREOF, the undersigned have signed this Termination Notice as of the
date first written above. 
  
 __________________________________ 
 [Name of Seller] : 
  
 ________________________________________ 
 (Goldman, Sachs & Co.)

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