Document:

EX-10.77

EXHIBIT 10.77

Fifth Amendment

to the Bowater Incorporated Compensatory Benefits Plan

     WHEREAS, AbitibiBowater Inc. (the “Corporation”) maintains the Bowater Incorporated
Compensatory Benefits Plan, As Amended and Restated Effective February 26, 1999 (the “Plan”), for
the benefit of certain of its employees and former employees;

     WHEREAS, effective as of October 30, 2008, the Corporation accepted sponsorship of the Plan;

     WHEREAS, effective as of October 30, 2008, the Human Resources and Compensation Committee of
the Board of Directors of the Corporation (the “HRCC”) has the authority to administer, amend and
terminate the Plan; and

     WHEREAS, the HRCC desires to amend the Plan to: (1) reflect such change in sponsorship and
delegation of the authority to amend and terminate the Plan; (2) designate the HRCC as the
administrator with authority to delegate its administrative duties; and (3) update the Plan’s
claims procedures to reflect the requirements of the Department of Labor Regulations under the
Employee Retirement Income Security Act of 1974, as amended.

     NOW, THEREFORE, the Plan is amended, effective as of October 30, 2008, in the following
respects:

     1. Section 1 is amended by adding a new paragraph at the end thereof to read as follows:

     “Effective as of October 30, 2008, AbitibiBowater Inc. assumed sponsorship of the Plan.
In addition, effective as of October 30, 2008, the Human Resources and Compensation
Committee of the Board of Directors of AbitibiBowater Inc. assumed the authority to
administer the Plan with the right to delegate any such duties as well as the authority to
amend and terminate the Plan.”

     2. The last sentence of the first paragraph of Section 7(c) is amended to read as follows:

     “For purposes of the Section 7(c), a change in control of AbitibiBowater Inc. shall be deemed
to have occurred on the occurrence of any event(s) which constitute(s) a ‘change in control’ of
AbitibiBowater Inc. as defined herein.”

     3. Each reference to “the Company” in the following Sections is hereby replaced by reference
to “AbitibiBowater Inc.”: Section 7(c)(i) (“Acquiring Person”), Section 7(c)(iv) (“Board”),
Section 7(c)(v) (“Change in Control”), Section 8 (“Administration”), and Section 10 (“Amendment or
Discontinuance”).

     4. Section 9 is amended in its entirety to read as follows:

 

 

     “9. Claims and Review. All inquiries and claims respecting the Plan shall be
submitted in writing and directed to the Plan Administrator. Unless subsequently changed by
corporate resolution or amendment, the Plan Administrator has delegated its duties to (i) decide
initial claims for benefits to the Senior Vice President-Human Resources of AbitibiBowater Inc.
(the “Senior Vice President”), and (ii) review adverse benefits decisions to the AbitibiBowater
Pension Investment Committee or its designee (the “PIC”).

	 	(a)	 	In the case of a claim for benefits, a written determination
allowing or denying the claim shall be furnished to the claimant within ninety
(90) days after the claim is received. The ninety-day notice period shall,
however, be extended for no more than an additional ninety (90) days if the
Senior Vice President determines that an extension of time is necessary to
process the claim and so advises the claimant in writing within ninety (90)
days after receipt of the claim, which writing shall also indicate the special
circumstances requiring an extension of time and the date by which the Senior
Vice President expects to render the final decision. The Senior Vice
President’s notice to any person whose claim for benefits has been wholly or
partially denied shall be written in a manner calculated to be understood by
the recipient and shall include the following information:

	 	(i)	 	the specific reason or reasons for the denial;
	 
	 	(ii)	 	specific reference to the Plan provisions on
which the denial is based;
	 
	 	(iii)	 	a description of any additional material or
information necessary for the claimant to perfect the claim and an
explanation of why such additional material or information is
necessary; and
	 
	 	(iv)	 	an explanation of the Plan’s claims review
procedure, including a statement of the claimant’s right to bring a
civil action under Section 502(a) of ERISA following a denial of the
claim on review.

	 	(b)	 	A claimant or his duly authorized representative may request a
review of an adverse determination by filing a written notice of appeal to the
Plan Administrator within sixty (60) days after the receipt of written
notification of a wholly or partially denied claim. As part of such review,
the claimant shall have the right to review or receive copies, upon request and
free of charge, of any documents, records and other information “relevant”
(within the meaning of Department of Labor Regulation Section 2560.503-1(m)(b))
to the claimant’s claim. The claimant may also submit written comments,
documents, records and other information relating to his claim.

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	 	(c)	 	In making its decision on review, the PIC shall take into
account all comments, documents, records and other information submitted by the
claimant relating to the claim, without regard to whether such information was
submitted or considered in the initial claim decision. The PIC’s decision on
review shall be made within a reasonable period of time, but not later than
sixty (60) days after the request for review, unless special circumstances
require an extension. In that case, the claimant shall be so advised in
writing prior to the expiration of the initial sixty (60) day period and a
decision shall be rendered as soon as possible, but not later than one hundred
and twenty (120) days after receipt of a request for review. The decision of
the PIC on review of a claim shall be in writing and in a manner calculated to
be understood by the claimant. If the claim is wholly or partially denied on
review, such written notification shall include:

	 	(i)	 	the specific reason or reasons for the denial;
	 
	 	(ii)	 	specific reference to the Plan provisions on
which the denial is based;
	 
	 	(iii)	 	a statement that the claimant is entitled to
receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant
(within the meaning of Department of Labor Regulation Section
2560.503-1(m)(b)) to the claimant’s claim; and
	 
	 	(iv)	 	a statement of the claimant’s right to bring a
civil action under Section 502(a) of ERISA.”

     5. Sections 11 and 12 are amended in their entirety to read as follows:

     “11. Plan Unfunded. The benefits payable under the Plan shall not be funded
for purposes of the Internal Revenue Code of 1986 or the Employee Retirement Income Security
Act of 1974, but shall be payable out of the general funds of the Company or of
AbitibiBowater Inc., the Company’s Benefit Plan Grantor Trust, when and as the benefits
become payable.

     12. No Contract of Employment. Nothing contained in the Plan shall be
construed as a contract of employment between the Company, AbitibiBowater Inc. and an
Employee or as a right of any Employee to be continued in the employment of the Company or
AbitibiBowater Inc. or as a limitation on the right of Company or AbitibiBowater Inc. to
discharge any Employee, with or without cause.”

*      *      *

[signature page follows]

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     IN WITNESS WHEREOF, the undersigned authorized officer of AbitibiBowater Inc. has executed
this Fifth Amendment to the Plan as of December 17, 2008, to evidence its adoption by
AbitibiBowater Inc.

	 	 	 	 	 	 	 
	 	 	 	ABITIBIBOWATER INC.	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ William G. Harvey
 

	 	 
	 

	 	 	 	William G. Harvey	 	 
	 

	 	Its:
	 	Senior Vice President and Chief Financial Officer	 	 

2EX-10.94

Exhibit 10.94

SECOND AMENDED AND RESTATED

RETAIL VENTURES, INC.

1991 STOCK OPTION PLAN

1. PURPOSE. This plan (the “Plan”) is intended as an incentive and to encourage stock ownership by
certain key employees of and other key persons who render services to RETAIL VENTURES, INC., an
Ohio corporation (the “Company”) and any current or future subsidiaries or parent by the granting
of stock options (the “Options”) as provided herein. By encouraging such stock ownership, the
Company seeks to attract, retain and motivate employees of training, experience and ability. The
Options granted under the Plan may be either incentive stock options (“ISOs”) which meet the
requirements of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), or
options which do not meet such requirements (“Non-statutory options”).

2. EFFECTIVE DATE. The Plan shall was originally effective on June 4, 1991 (the “Effective Date”)
and is amended and restated for a second time effective January 1, 2008.

3. ADMINISTRATION.

          (a) The Plan shall be administered by the Board of Directors of the Company (the “Board”)
unless the Board shall designate a committee (the “Committee”) of not less than three members of
the Board. If any class of equity securities of the Company is registered under Section 12 of the
Securities Exchange Act of 1934, as amended (the “1934 Act”), all members of the Committee shall be
“disinterested persons” as defined in Rule l6b-3(c)(2)(i) under the 1934 Act. The Board may remove
or add members of the Committee. If the Board does not appoint a Committee, any reference in the
Plan or any stock option agreements under the Plan to the Committee shall mean the Board.

          (b) Subject to the provisions of the Plan, the Committee is authorized to establish, amend and
rescind such rules and regulations as it may deem appropriate for its conduct and for the proper
administration of the Plan, to make all determinations under and interpretations of, and to take
such actions in connection with, the Plan or the options granted thereunder as it may deem
necessary or advisable. All actions taken by the Committee under the Plan shall be final and
binding on all persons. No member of the Committee shall be liable for any action taken or
determination made relating to the Plan, except for willful misconduct.

          (c) Each member of the Committee shall be indemnified by the Company against costs, expenses
and liabilities (other than amounts paid in settlements to which the Company does not consent,
which consent shall not be unreasonably withheld) reasonably incurred by such member in connection
with any action to which he may be a party by reason of service as a member of the Committee,
except in relation to matters as to which he shall be adjudged in such action to be personally
guilty of negligence or willful misconduct in the performance of his duties. The foregoing right to
indemnification shall be in addition to such other rights as the Committee member may enjoy as a
matter of law, by reason of insurance coverage of any kind, or otherwise.

 

 

4. ELIGIBILITY.

          (a) Options and/or Tax Offset Payments may be granted to such key employees of (or, in the
case of Non-statutory Options only, to others who render services to) the Company or its
subsidiaries or parent as the Committee shall select from time to time (the “Optionees”); provided,
however, that no member of the Board of Directors who is not an officer or employee of the Company
shall be eligible to receive any option hereunder. The term “key employees” shall include those
executive, administrative, operational and managerial employees who are determined by the Committee
to be eligible for options under the Plan. The terms “subsidiary” and “parent” as used in the Plan
shall have the respective meanings set forth in sections 424(f) and (e) of the Code. More than one
option may be granted to one individual.

          (b) No ISO may be granted to an individual who, at the time an ISO is granted, is considered
under section 422(b)(6) of the Code as owning stock possessing more than 10 percent of the total
combined voting power of all classes of stock of the Company or of its parent or any subsidiary;
provided, however, this restriction shall not apply if at the time such ISO is granted the option
price per Share of such ISO shall be at least 110% of the fair market value of such Share, and such
ISO by its terms is not exercisable after the expiration of five years from the date it is granted.
This subparagraph 4(b) has no application to Options granted under the Plan as Non-statutory
Options.

          (c) The aggregate fair market value (determined as of the date the ISO is granted) of shares
with respect to which ISOs are exercisable for the first time by any Optionee during any calendar
year under the Plan or any other ISO plan of the Company, a parent or subsidiary may not exceed
$100,000, This subparagraph 4(c) has no application to Options granted under the Plan as
Non-statutory options.

5. STOCK SUBJECT TO PLAN. The stock subject to Options under the Plan shall be Common Shares
without par value of the Company (“Shares”), either authorized and unissued Shares, Shares
purchased on the open market or in a private transaction, or Shares held as treasury stock. The
aggregate number of Shares for which options may be granted under the Plan, in the aggregate and to
any one individual, shall not exceed 4,000,000, subject to adjustment in accordance with the terms
of paragraph 13 hereof. The unpurchased Shares subject to terminated or expired options may again
be offered under the Plan. The Committee, in its sole discretion, may permit the exercise of any
option as to full Shares or fractional Shares. Proceeds from the sale of Shares under Options shall
constitute general funds of the Company.

6. TERMS AND CONDITIONS OF OPTIONS.

          (a) At the time of grant, the Committee shall determine whether the Options granted are to be
ISOs or Non-statutory Options and shall enter into stock option agreements with the recipients
accordingly. All Options and/or Tax Offset Payments granted shall be authorized by the Committee
and, within a reasonable time after the date of grant, shall be evidenced by stock option
agreements in writing (“Stock Option Agreements”), in the form attached hereto as Exhibit A, or in
such other form and containing such terms and conditions not inconsistent with the provisions of
this Plan as the Committee shall from time to time determine. Any action under

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paragraph 13 may be reflected in an amendment to or restatement of such Stock Option Agreements.

          (b) The Committee may grant Options and/or Tax Offset Payments having terms and provisions
which vary from those specified in the Plan if such options are granted in substitution for, or in
connection with the assumption of, existing options granted by another corporation and assumed or
otherwise agreed to be provided for by the Company pursuant to or by reason of a transaction
involving a corporate merger, consolidation, acquisition of property or stock, separation,
reorganization or liquidation to which the Company is a party, subject to the requirements of
paragraph 13.

7. PRICE. The option price per Share (the “Option Price”) of each Option granted under the Plan
shall be determined by the Committee; provided, however, the Option Price of any Option granted
under the Plan shall not be less than the fair market value (determined without regard to any
restrictions other than a restriction which, by its terms, will never lapse) of a Share on the date
of grant of such Option. In the event that the Shares are publicly traded, the term “fair market
value” shall mean (a) the average of the highest and lowest sales price per Share quoted in the
NASDAQ National market system, if the shares are so quoted, (b) the mean between the lowest bid and
highest asked price per Share as reported by NASDAQ, if the Shares are not quoted in the National
Market System, or (c) if the Shares are listed on a securities exchange, the arithmetic mean
between the highest and lowest sales price per Share at which the Shares are quoted or traded on
such exchange, in each case on the date the option is granted or, if there be no quotation or sale
on that date, the next previous date on which the Shares were quoted or traded. In the event that
the Shares are not publicly traded, the “fair market value” of a Share shall be determined by the
Committee through the reasonable application of a reasonable valuation method, taking into account
all information material to the value of the Company, in accordance with the requirements of
Section 409A of the Code. An Option shall be considered granted on the date the Committee acts to
grant the option or such later date as the Committee shall specify.

8. OPTION PERIOD. Each Stock Option Agreement shall set forth the period during which it may be
exercised (the “Option Period”); provided, however, that the Option Period for any ISO shall not
exceed 10 years from the date the Option is granted.

9. NON-TRANSFERABILITY OF OPTIONS. An Option shall not be transferable by the Optionee otherwise
than by will or the laws of descent and distribution and may be exercised, during the lifetime of
the Optionee, only by him or by his guardian or legal representative. Notwithstanding the
foregoing, an Optionee may transfer a Nonstatutory Option either (a) to members of his or her
immediate family (as defined in Rule 16a-1 promulgated under the 1934 Act), to one or more trusts
for the benefit of such family members, or to partnerships in which such family members are the
only partners, provided that the Optionee does not receive any consideration for the transfer, or
(b) if such transfer is approved by the committee. Any Non-statutory Options held by such
transferees are subject to the same terms and conditions that applied to such Non-statutory Options
immediately prior to transfer.

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10. TAX OFFSET PAYMENTS. The Committee has the authority and discretion under the Plan to make
cash grants to Optionees which are intended to offset a portion of the taxes which may become
payable upon exercise of Options by the Optionee, accruing on exercise of a Non-statutory Option
and/or on certain dispositions of Shares acquired under ISOs (“Tax Offset Payments”). Any Tax
Offset Payment shall be made no later than the end of the Optionee’s taxable year following the
taxable year in which the Optionee becomes liable for such taxes. Such Tax Offset Payments shall
be in an amount determined by multiplying a percentage established by the Committee times the
difference between the fair market value of a Share on the date of exercise as determined by the
Committee in accordance with paragraph 7 and the option Price (or, if the Tax Offset Payment is
being made on account of the disposition of Shares acquired under an ISO, the difference between
the fair market value of a Share on the date of disposition if less than the fair market value on
the date of exercise, and the option Price), and times the number of Shares as to which the Option
is being exercised or the number of Shares acquired under an ISO of which an Optionee is disposing.
The percentage shall be established, from time to time, by the Committee at that rate which the
Committee, in its sole discretion, determines to be appropriate and in the best interest of the
Company to assist Optionees in the payment of federal income taxes incurred on exercise of a
Non-statutory Option. The dispositions of shares acquired under ISOs for which a Tax Offset Payment
shall accrue shall be determined by the Committee in its sole discretion. The Company shall have
the right to withhold and pay over to any governmental entities (federal, state or local) all
amounts under a Tax Offset Payment for payment of any income or other taxes incurred on exercise.

11. EXERCISE OF OPTIONS.

          (a) Options granted hereunder will be exercisable upon the terms and conditions and in
accordance with the vesting percentages determined by the Committee at its sole discretion.
Notwithstanding the foregoing or the terms and conditions of any Stock Option Agreement to the
contrary, in the event of the Optionee’s termination of employment as a result of disability or
death as specified in subparagraph 12(b), the Options shall be immediately exercisable in full for
the period specified in subparagraph 12(b); (ii) in the event of Optionee’s termination of
employment as specified in subparagraph 12(a), the Options shall be immediately exercisable to the
extent and for the period specified in subparagraph 12(a); and (iii) in the event of a liquidation
or merger as specified in subparagraph 13(b), the Options shall be exercisable for the 30-day
period after written notice thereof as specified in subparagraph 13(b).

          (b) An Option shall be exercisable only upon delivery of a written notice to the Committee,
any member of the Committee, the Company’s Treasurer, or any other officer of the Company
designated by the Committee to accept such notices on its behalf, specifying the number of Shares
for which it is exercised.

          (c) Within five business days following the date of exercise of an Option, the Optionee or
other person exercising the Option shall make full payment of the Option Price (i) in cash; (ii)
with the consent of the Committee, by tendering previously acquired Shares (valued at their fair
market value, as determined by the Committee, as of such date of tender); (iii) with the consent of
the Committee, with a full recourse promissory note of the Optionee for the portion of the Option
Price in excess of the par value of Shares subject to the Option, under terms and

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conditions determined by the Committee, provided, that such promissory note, in the case of
exercise of an ISO, shall provide for interest at no less than the “applicable federal rate” as
determined pursuant to the Code; (iv) with the consent of the Committee, any combination of (i),
(ii), or (iii); or (v) with the consent of the Committee, if the Shares subject to the option have
been registered under the 1933 Act and there is a regular public market for the Shares, by
delivering to the Company on the date of exercise of the option written notice of exercise together
with;

          (A) written instructions to forward a copy of such notice of exercise to a broker or dealer,
as defined in section 3(a)(4) and 3(a)(5) of the 1934 Act (“Broker”), designated in such notice and
to deliver to the specified account maintained with the Broker by the person exercising the option
a certificate for the Shares purchased upon the exercise of the Option, and

     (B) a copy of irrevocable instructions to the Broker to deliver promptly to the Company a sum
equal to the purchase price of the Shares purchased upon exercise of the Option.

          (d) If Tax offset Payments sufficient to allow for withholding of taxes are not being made at
the time of exercise of an Option, the Optionee or other person exercising such option shall pay to
the Company an amount equal to the withholding amount required to be made less any amount withheld
by the Company under paragraph 18.

12. TERMINATION OF EMPLOYMENT OR OTHER SERVICES.

          (a) Upon termination of employment or service with the Company, any parent or subsidiary, or
any successor corporation to the Company, parent or subsidiary, other than (i) by reason of death
or disability, or (ii) for cause by reason of the Optionee’s dishonesty or disloyalty, the Optionee
shall have 30 days after the date of termination (but not later than the expiration date of the
Option Period) to exercise all Options held by him to the extent the same were exercisable on the
date of termination; provided, however, if such date of termination is after the Optionee has
attained age 60 or 30 years of employment or service, such Option shall then be exercisable to the
extent of 100% of the Shares subject thereto.

          (b) Upon termination of such employment or service by reason of death or disability, all
options previously granted to such Optionee may be exercised by the Optionee, the Optionee’s
personal representative, or the person or persons to whom his rights under the Option pass by will
or the laws of descent or distribution at any time during the period ending one year after date of
death or termination of employment by reason of disability (but not later than the expiration date
of the Option Period). Such Options shall then be exercisable to the extent of 100% of the Shares
subject thereto.

          (c) Upon termination of such employment or service for cause by reason of the Optionee’s
dishonesty or disloyalty, all Options held by him shall terminate on the date of termination.

          (d) “Disability,” as used herein, shall mean a physical or mental condition resulting from
bodily injury, disease, or mental disorder which renders the Optionee incapable of continuing the

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Optionee’s usual and customary employment with the Company within the meaning of Section 22(e)(3)
of the Code.

13. REORGANIZATIONS.

          (a) In the event of a stock split, stock dividend, combination or exchange of shares, exchange
for other securities, reclassification, reorganization, redesignation or other change in the
Company’s capitalization, the aggregate number of Shares for which Options may be granted under
this Plan, the number of Shares subject to outstanding Options and the Option Price of the Shares
subject to outstanding Options shall be proportionately adjusted or substituted to reflect the
same. The Committee shall make such other adjustments to the Options, the provisions of the Plan
and the Stock option Agreements as may be appropriate and equitable, which adjustments may provide
for the elimination of fractional Shares; provided, however, that such adjustments shall, to the
extent applicable, be consistent with the requirements of Sections 409A and 424 of the Code.

          (b) If the Company shall liquidate or dissolve, or shall be a party to a merger or
consolidation in which the Company shall not be the surviving corporation, other than a merger or
consolidation involving only a change in state of incorporation or an internal reorganization not
involving a substantial change in underlying ownership, the Company shall give written notice
thereof to all holders of Options granted under the Plan at least 30 days prior to the effective
date of such liquidation, dissolution, merger or consolidation, and the holders shall have the
right within such 30-day period to exercise their Options in full regardless of restrictions on
exercise contained in the Stock Option Agreements; provided, however, that in no event shall such
options be exercised after the specific expiration date set forth therein. To the extent such
Options shall not have been exercised on or prior to the effective date of such liquidation,
dissolution, merger or consolidation, they shall terminate on that date.

14. SALE OF OPTION SHARES. The Optionee or other person exercising the Option shall not sell or
otherwise dispose of the Shares subject to Option unless at least six months have elapsed from the
date of grant.

15. RIGHTS AS SHAREHOLDER. The Optionee shall have no rights as a shareholder with respect to any
Shares covered by an option until the date of issuance of a stock certificate to the Optionee for
such shares.

16. NO CONTRACT OF EMPLOYMENT. Nothing in the Plan or in any Option or Stock Option Agreement shall
confer on any Optionee any right to continue in the service of the Company or any parent or
subsidiary of the Company or interfere with the right of the Company to terminate such Optionee’s
employment or other services at any time. The establishment of the Plan shall in no way, now or
hereafter, reduce, enlarge or modify the employment relationship between the Company or any parent
or subsidiary of the Company and the Optionee, options granted under the Plan shall not be affected
by any change of duties or position as long as the Optionee continues to be employed by the Company
or any parent or subsidiary of the Company.

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17. AGREEMENTS AND REPRESENTATIONS OF OPTIONEES. As a condition to the exercise of an Option, the
Committee may in its sole determination require the Optionee to represent in writing that the
Shares being purchased are being purchased only for investment and without any present intent at
the time of the acquisition of such Shares to sell or otherwise dispose of the same.

18. WITHHOLDING TAXES. The Company shall have the right to withhold from any salary, wages, or
other compensation for services payable by the Company to or with respect to an Optionee, amounts
sufficient to satisfy any federal, state or local withholding tax liability attributable to such
Optionee’s (or any beneficiary’s or personal representative’s) receipt or disposition of Shares
purchased under any option or to take any such other action as it deems necessary to enable it to
satisfy any such tax withholding obligations.

19. COMPLIANCE WITH LAWS AND REGULATIONS. The Plan, the grant and exercise of Options hereunder,
and the obligation of the Company to sell and deliver the Shares under such Options, shall be
subject to all applicable federal and state laws, rules and regulations and to such approvals by
any government or regulatory agency as may be required. Options issued under this Plan shall not be
exercisable prior to (i) the date upon which the Company shall have registered the Shares for which
Options may be issued hereunder under the 1933 Act, and (ii) the completion of any registration or
qualification of such shares under state law, or any ruling or regulation of any government body
which the Company shall, in its sole discretion, determine to be necessary or advisable in
connection therewith, or alternatively, unless the Company shall have received an opinion from
counsel to the Company stating that the exercise of such Options may be effected without
registering the shares subject to such options under the 1933 Act, or under state or other law.

20. ASSUMPTION. The Plan may be assumed by the successors and assigns of the Company.

21. EXPENSES. All expenses and costs in connection with administration of the Plan shall be borne
by the Company.

22. AMENDMENT, MODIFICATION AND TERMINATION OF THE PLAN. The Board may terminate, amend or modify
the Plan at any time; provided, however, that no such action of the Board without approval of the
Shareholders, may (a) materially increase the number of Shares for which options may be granted
under the Plan, except as provided in paragraph 13; (b) increase the maximum Option Period; (c)
materially modify the requirements as to eligibility for participation in the Plan; (d) materially
increase the benefits accruing to Optionees; (e) permit the granting of ISOs to anyone other than
an employee of the Company, a parent or subsidiary; (f) increase the minimum ISO Option Price; (g)
increase the maximum ISOs that can be exercised per Optionee as set forth in subparagraph 4(c); or
(h) if the Company has a class of equity securities registered under section 12 of the 1934 Act,
transfer the administration of the Plan to any person who is not a “disinterested person” as that
term is defined in Rule 16b-3(c)(2)(i) under the 1934 Act. No amendment, modification or
termination of the Plan shall in any manner adversely affect any option previously granted to an
Optionee under the Plan without the consent of the Optionee or the transferee of such Option.

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23. TERM OF PLAN. The Plan became effective on the Effective Date and terminated on the tenth
anniversary of the Effective Date. The termination of the Plan has not affected the rights of
Optionees under Options previously granted to them, and all unexpired options shall continue in
force and operation after termination of the Plan except as they may lapse or be terminated by
their own terms and conditions.

24. LIMITATION OF LIABILITY. The liability of the Company under this Plan or in connection with any
exercise of an Option is limited to the obligations expressly set forth in the Plan and in any
Stock Option Agreements, and no term or provision of this Plan or of any Stock Option Agreements
shall be construed to impose any further or additional duties, obligations or costs on the Company
not expressly set forth in the Plan or the Stock Option Agreements.

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