Document:

eMazing Interactive, Inc. Exhibit 10.1 on 10/20/2006

The Hall Group

Certified Public Accountants

EXHIBIT 10.1

CONSENT OF CERTIFIED PUBLIC ACCOUNTANTS

We consent to the use of our report dated September 28, 2006 on the financial statements of eMazing Interactive, Inc. Corporation as of June 30, 2006, and the related statements of operations, stockholders’ equity and cash flows for the year then ended, and the inclusion of our name under the heading “Experts” in the Form SB-1 Registration Statement filed with the Securities & Exchange Commission.

/s/  The Hall Group

The Hall Group, CPA’s

Dallas, Texas 

October 17, 2006Adera
      Mines Limited 

    

    

    

    2006
      EQUITY INCENTIVE PLAN

    

    

    

 

    
      
         

      

      
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    TABLE
      OF
      CONTENTS

    

    
      	
              SECTION
                1: BACKGROUND, PURPOSE AND DURATION

            	
              1

            
	
              1.1
                Background and Effective Date

            	
              1

            
	
              1.2
                Purpose of the Plan

            	
              1

            
	
              1.3
                Duration of the Plan

            	
              1

            
	
              SECTION
                2 DEFINITIONS

            	
              1

            
	
              2.1
                1934 Act

            	
              1

            
	
              2.2
                Affiliate

            	
              1

            
	
              2.3
                Affiliated SAR

            	
              1

            
	
              2.4
                Applicable Laws

            	
              2

            
	
              2.5
                Award

            	
              2

            
	
              2.6
                Award Agreement

            	
              2

            
	
              2.7
                Board or Board of Directors

            	
              2

            
	
              2.8
                Code

            	
              2

            
	
              2.9
                Committee

            	
              2

            
	
              2.10
                Company

            	
              2

            
	
              2.11
                Consultant

            	
              2

            
	
              2.12
                Director

            	
              2

            
	
              2.13
                Disability

            	
              2

            
	
              2.14
                Employee

            	
              2

            
	
              2.15
                ERISA

            	
              2

            
	
              2.16
                Fair Market Value

            	
              2

            
	
              2.17
                Freestanding SAR

            	
              3

            
	
              2.18
                Incentive Stock Option

            	
              3

            
	
              2.19
                Nonqualified Stock Option

            	
              3

            
	
              2.20
                Option

            	
              3

            
	
              2.21
                Option Price

            	
              3

            
	
              2.22
                Participant

            	
              3

            
	
              2.23
                Performance Share

            	
              3

            
	
              2.24
                Performance Unit

            	
              3

            
	
              2.25
                Period of Restriction

            	
              3

            
	
              2.26
                Plan

            	
              3

            
	
              2.27
                Restricted Stock

            	
              3

            
	
              2.28
                Retirement

            	
              3

            
	
              2.29
                Rule 16b-3

            	
              4

            
	
              2.30
                Section 16 Person

            	
              4

            
	
              2.31
                Shares

            	
              4

            
	
              2.32
                Stock Appreciation Right or SAR

            	
              4

            
	
              2.33
                Subsidiary

            	
              4

            
	
              2.34
                Tandem SAR

            	
              4

            
	
              2.35
                Termination of Employment

            	
              4

            
	
              SECTION
                3 ADMINISTRATION

            	
              4

            
	
              3.1
                The Committee

            	
              4

            
	
              3.2
                Authority of the Committee

            	
              4

            
	
              3.3
                Decisions Binding

            	
              5

            
	
              SECTION
                4 SHARES SUBJECT TO THE PLAN

            	
              5

            
	
              4.1
                Shares Available

            	
              5

            
	
              4.1.1
                Maximum Shares Available Under Plan

            	
              5

            
	
              4.1.5
                Adjustments

            	
              5

            
	
              4.2
                Number of Shares

            	
              5

            
	
              4.2
                Lapsed Awards

            	
              6

            

    

     

    
      
         

      

      
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              SECTION
                5 STOCK OPTIONS

            	
              6

            
	
              5.1
                Grant of Options

            	
              6

            
	
              5.2
                Award Agreement

            	
              6

            
	
              5.3
                Option Price

            	
              6

            
	
              5.3.1
                Nonqualified Stock Options

            	
              6

            
	
              5.3.2
                Incentive Stock Options

            	
              6

            
	
              5.3.3
                Substitute Options

            	
              6

            
	
              5.4
                Expiration of Options

            	
              7

            
	
              5.4.1
                Expiration Dates

            	
              7

            
	
              5.4.2
                Committee Discretion

            	
              7

            
	
              5.5
                Exercise of Options

            	
              7

            
	
              5.6
                Payment

            	
              7

            
	
              5.7
                Restrictions on Share Transferability

            	
              8

            
	
              5.8
                Certain Additional Provisions for Incentive Stock Options

            	
              8

            
	
              5.8.1
                Exercisability

            	
              8

            
	
              5.8.2
                Termination of Employment

            	
              8

            
	
              5.8.3
                Company and Subsidiaries

            	
              8

            
	
              5.8.4
                Expiration

            	
              8

            
	
              5.9
                Nontransferability

            	
              8

            
	
              SECTION
                6 STOCK APPRECIATION RIGHTS

            	
              9

            
	
              6.1
                Grant of SARs

            	
              9

            
	
              6.2
                Exercise of Tandem SARs

            	
              9

            
	
              6.2.1
                ISOs

            	
              9

            
	
              6.3
                Exercise of Affiliated SARs

            	
              9

            
	
              6.4
                Exercise of Freestanding SARs

            	
              9

            
	
              6.5
                SAR Agreement

            	
              9

            
	
              6.6
                Expiration of SARs

            	
              9

            
	
              6.7
                Payment of SAR Amount

            	
              9

            
	
              6.8
                Nontransferability of SARs

            	
              10

            
	
              SECTION
                7 RESTRICTED STOCK

            	
              10

            
	
              7.1
                Grant of Restricted Stock

            	
              10

            
	
              7.2
                Restricted Stock Agreement

            	
              10

            
	
              7.3
                Transferability

            	
              10

            
	
              7.4
                Other Restrictions

            	
              10

            
	
              7.5
                Removal of Restrictions

            	
              10

            
	
              7.6
                Voting Rights

            	
              11

            
	
              7.7
                Dividends and Other Distributions

            	
              11

            
	
              7.8
                Return of Restricted Stock to Company

            	
              11

            
	
              7.9
                Repurchase Option

            	
              11

            
	
              SECTION
                8 PERFORMANCE UNITS AND PERFORMANCE SHARES

            	
              11

            
	
              8.1
                Grant of Performance Units/Shares

            	
              11

            
	
              8.2
                Value of Performance Units/Shares

            	
              11

            
	
              8.3
                Earning of Performance Units/Shares

            	
              11

            
	
              8.4
                Form and Timing of Performance Units/Shares

            	
              12

            
	
              8.5
                Cancellation of Performance Units/Shares

            	
              12

            
	
              8.6
                Nontransferability

            	
              12

            
	
              SECTION
                9 BENEFICIARY DESIGNATION

            	
              12

            

    

     

    
      
         

      

      
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              SECTION
                10 DEFERRALS

            	
              12

            
	
              SECTION
                11 RIGHTS OF EMPLOYEES AND CONSULTANTS

            	
              12

            
	
              11.1
                No Effect on Employment or Service

            	
              12

            
	
              11.2
                Participation

            	
              12

            
	
              SECTION
                12 AMENDMENT, SUSPENSION, OR TERMINATION

            	
              13

            
	
              SECTION
                13 TAX WITHHOLDING

            	
              13

            
	
              13.1
                Withholding Requirements

            	
              13

            
	
              13.2
                Shares Withholding

            	
              13

            
	
              SECTION
                14 INDEMNIFICATION

            	
              13

            
	
              SECTION
                15 ADJUSTMENTS UPON CHANGES IN CAPITALIZATION,
                DISSOLUTION, MERGER OR ASSET SALE

            	
              13

            
	
              15.1
                Changes in Capitalization

            	
              13

            
	
              15.2
                Dissolution or Liquidation

            	
              14

            
	
              15.3
                Merger or Asset Sale

            	
              14

            
	
              SECTION
                16 CONDITIONS UPON ISSUANCE OF SHARES

            	
              15

            
	
              16.1
                Legal Compliance

            	
              15

            
	
              16.2
                Investment Representations

            	
              15

            
	
              SECTION
                17 INABILITY TO OBTAIN AUTHORITY

            	
              15

            
	
              SECTION
                18 RESERVATION OF SHARES

            	
              15

            
	
              SECTION
                19 LEGAL CONSTRUCTION

            	
              15

            
	
              19.1
                Gender and Number

            	
              15

            
	
              19.2
                Severability

            	
              15

            
	
              19.3
                Requirements of Law

            	
              15

            
	
              20.4
                Securities Law Compliance

            	
              15

            
	
              19.5
                Governing Law

            	
              15

            
	
              19.6
                Captions

            	
              16

            

    

    

 

    
      
         

      

      
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    Adera
      Mines Limited 

    

    2006
      Equity Incentive Plan

     

    Adera
      Mines Limited hereby adopts the 2006 Equity Incentive Plan, effective as of
      September 14, 2006, as follows: 

     

    SECTION
      1

    BACKGROUND,
      PURPOSE AND DURATION 

     

     

    1.1 Background
      and Effective Date.
      The Plan
      provides for the granting of Nonqualified Stock Options, Incentive Stock
      Options, Stock Appreciation Rights (or SARs), Restricted Stock, Performance
      Units, and Performance Shares. The Plan is adopted and effective as of September
      14, 2006, subject to approval by the stockholders of the Company within twelve
      (12) months. The Company will seek stockholder approval in the manner and to
      the
      degree required under Applicable Laws. Awards may be granted prior to the
      receipt of stockholder approval, but such grants shall be null and void if
      such
      approval is not in fact received within twelve (12) months. 

     

    1.2 Purpose
      of the Plan.
      The
      purpose of the Plan is to promote the success, and enhance the value, of the
      Company by aligning the interests of Participants with those of the Company’s
      shareholders, and by providing Participants with an incentive for outstanding
      performance. The Plan is further intended to provide flexibility to the Company
      in its ability to motivate, attract, and retain the services of outstanding
      individuals, upon whose judgment, interest, and special effort the success
      of
      the Company largely is dependent.

     

    1.3 Duration
      of the Plan.
      The
      Plan shall commence on the date specified in Section 1.1
      and
      subject to SECTION
      12
      (concerning the Board’s right to amend or terminate the Plan), shall remain in
      effect thereafter. However, without further stockholder approval, no Incentive
      Stock Option may be granted under the Plan on or after September 13, 2016.
      

     

     

    SECTION
      2

    DEFINITIONS

     

    The
      following words and phrases shall have the following meanings unless a different
      meaning is plainly required by the context: 

     

    2.1 “1934
      Act”
      means
      the Securities Exchange Act of 1934, as amended. Reference to a specific section
      of the Exchange Act or regulation thereunder shall include such section or
      regulation, any valid regulation promulgated under such section, and any
      comparable provision of any future legislation or regulation amending,
      supplementing or superseding such section or regulation. 

     

    2.2 “Affiliate”
      means
      any corporation or any other entity (including, but not limited to, partnerships
      and joint ventures) controlling, controlled by, or under common control with
      the
      Company. 

     

    2.3 “Affiliated
      SAR”
      means an
      SAR that is granted in connection with a related Option, and which automatically
      will be deemed to be exercised at the same time that the related Option is
      exercised. 

     

     

    
      
         

      

      
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    2.4 “Applicable
      Laws”
      means
      the requirements relating to the administration of equity plans under U. S.
      state corporate laws, U.S. federal and state securities laws, the Code, any
      stock exchange or quotation system on which the Shares are is listed or quoted
      and the applicable laws of any foreign country or jurisdiction where Awards
      are,
      or will be, granted under the Plan.

     

    2.5 “Award”
      means,
      individually or collectively, a grant under the Plan of Nonqualified Stock
      Options, Incentive Stock Options, SARs, Restricted Stock, Performance Units,
      or
      Performance Shares. 

     

    2.6 “Award
      Agreement”
      means
      the written agreement setting forth the terms and provisions applicable to
      each
      Award granted under the Plan. 

     

    2.7 “Board”
      or “Board of Directors”
      means
      the Board of Directors of the Company. 

     

    2.8 “Code”
      means
      the Internal Revenue Code of 1986, as amended. Reference to a specific section
      of the Code or regulation thereunder shall include such section or regulation,
      any valid regulation promulgated under such section, and any comparable
      provision of any future legislation or regulation amending, supplementing or
      superseding such section or regulation. 

     

    2.9 “Committee”
      means
      the committee appointed by the Board to administer the Plan pursuant to
      Section 3.1.
      

     

    2.10 “Company”
      means
      Adera Mines Limited, a Nevada corporation, or any successor thereto.

     

    2.11 “Consultant”
      means an
      individual who provides significant services to the Company and/or an Affiliate,
      including a Director who is not an Employee. 

     

    2.12 “Director”
      means
      any individual who is a member of the Board of Directors of the Company.

     

    2.13 “Disability”
      means a
      permanent and total disability within the meaning of Code Section 22(e)(3).

     

    2.14 “Employee”
      means an
      employee of the Company or of an Affiliate, whether such employee is so employed
      at the time the Plan is adopted or becomes so employed subsequent to the
      adoption of the Plan. 

     

    2.15 “ERISA”
      means
      the Employee Retirement Income Security Act of 1974, as amended. Reference
      to a
      specific section of ERISA shall include such section, any valid regulation
      promulgated thereunder, and any comparable provision of any future legislation
      amending, supplementing or superseding such section. 

     

    2.16 “Fair
      Market Value”
      means as
      of any date, the value of a Share determined as follows:

     

    
      
         

      

      
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    (a) If
      the
      Shares are listed on any established stock exchange or a national market system,
      including without limitation the Nasdaq National Market or The Nasdaq Capital
      Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing
      sales price for such Share (or the closing bid, if no sales were reported)
      as
      quoted on such exchange or system on the day of, or the last market trading
      day
      prior to, the day of determination, as reported in The Wall Street Journal
      or
      such other source as the Committee deems reliable;

     

    (b) If
      the
      Shares are regularly quoted by a recognized securities dealer but selling prices
      are not reported, the Fair Market Value of the Share shall be the mean between
      the high bid and low asked prices for the Shares on the day of, or the last
      market trading day prior to, the day of determination, as reported in The Wall
      Street Journal or such other source as the Committee deems reliable; or

     

    (c) In
      the
      absence of an established market for the Shares, the Fair Market Value shall
      be
      determined in good faith by the Committee. 

     

    2.17 “Freestanding
      SAR”
      means a
      SAR that is granted independently of any Option. 

     

    2.18 “Incentive
      Stock Option” or “ISO”
      means an
      option to purchase Shares, which is designated as an Incentive Stock Option
      and
      is intended to meet the requirements of Section 422 of the Code.

     

    2.19 “Nonqualified
      Stock Option”
      means an
      option to purchase Shares which is not intended to be an Incentive Stock Option.
      

     

    2.20 “Option”
      means an
      Incentive Stock Option or a Nonqualified Stock Option. 

     

    2.21 “Option
      Price”
      means
      the price at which a Share may be purchased pursuant to an Option. 

     

    2.22 “Participant”
      means an
      Employee, Consultant or Director who has an outstanding Award. 

     

    2.23 “Performance
      Share”
      means an
      Award granted to an Employee pursuant to SECTION
      8
      having
      an initial value equal to the Fair Market Value of a Share on the date of
      grant.

     

    2.24 “Performance
      Unit”
      means an
      Award granted to an Employee pursuant to SECTION
      8
      having
      an initial value (other than the Fair Market Value of a Share) that is
      established by the Committee at the time of grant. 

     

    2.25 “Period
      of Restriction”
      means
      the period during which the transfer of Shares of Restricted Stock are subject
      to restrictions. 

     

    2.26 “Plan”
      means
      the Adera Mines Limited 2006 Equity Incentive Plan, as set forth in this
      instrument and as hereafter amended from time to time. 

     

    2.27 “Restricted
      Stock”
      means an
      Award granted to a Participant pursuant to SECTION
      7.

     

    2.28 “Retirement”
      means,
      in the case of an Employee, a Termination of Employment by reason of the
      Employee’s retirement at or after age 62. 

     

     

    
      
         

      

      
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    2.29 “Rule
      16b-3”
      means
      Rule 16b-3 promulgated under the 1934 Act, and any future regulation amending,
      supplementing or superseding such regulation. 

     

    2.30 “Section
      16 Person”
      means a
      person who, with respect to the Shares, is subject to Section 16 of the
      1934 Act. 

     

    2.31 “Shares”
      means
      the shares of common stock of the Company. 

     

    2.32 “Stock
      Appreciation Right” or “SAR”
      means an
      Award, granted alone or in connection with a related Option, that pursuant
      to
      the terms of SECTION
      7
      is
      designated as an SAR. 

     

    2.33 “Subsidiary”
      means
      any “subsidiary corporation” (other than the Company) as defined in Code
      Section 424(f). 

     

    2.34 “Tandem
      SAR”
      means an
      SAR that is granted in connection with a related Option, the exercise of which
      shall require forfeiture of the right to purchase an equal number of Shares
      under the related Option (and when a Share is purchased under the Option, the
      SAR shall be canceled to the same extent). 

     

    2.35 “Termination
      of Employment”
      means a
      cessation of the employee-employer or director or other service arrangement
      relationship between an Employee, Consultant or Director and the Company or
      an
      Affiliate for any reason, including, but not by way of limitation, a termination
      by resignation, discharge, death, Disability, Retirement, or the disaffiliation
      of an Affiliate, but excluding any such termination where there is a
      simultaneous reemployment or re-engagement by the Company or an Affiliate.
      

     

     

    SECTION
      3

    ADMINISTRATION
      

     

    3.1 The
      Committee.
      The
      Plan
      shall be administered by the Board of Directors or by a committee of the Board
      that meets the requirements of this Section 3.1
      (hereinafter referred to as the “Committee”).
      The
      Committee shall consist of not less than two (2) Directors. The members of
      the
      Committee shall be appointed from time to time by, and shall serve at the
      pleasure of, the Board of Directors. At such time as the Company has independent
      directors, any Committee shall be comprised solely of Directors who are both
      “outside directors” under Rule 16b-3 and “independent directors” under the
      requirements of any national securities exchange or system upon which the Shares
      are then listed and/or traded. 

     

    3.2 Authority
      of the Committee.
      The
      Committee shall have all powers and discretion necessary or appropriate to
      administer the Plan and to control its operation, including, but not limited
      to,
      the power (a) to determine which Employees, Consultants and Directors shall
      be
      granted Awards, (b) to prescribe the terms and conditions of such Awards, (c)
      to
      interpret the Plan and the Awards, (d) to adopt rules for the administration,
      interpretation and application of the Plan as are consistent therewith, and
      (e)
      to interpret, amend or revoke any such rules. 

     

    The
      Committee, in its sole discretion and on such terms and conditions as it may
      provide, may delegate all or any part of its authority and powers under the
      Plan
      to one or more directors and/or officers of the Company; provided,
      however,
      that
      the Committee may not delegate its authority and powers with respect to Section
      16 Persons. 

     

    
      
         

      

      
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    3.3 Decisions
      Binding.
      All
      determinations and decisions made by the Committee shall be final, conclusive,
      and binding on all persons, and shall be given the maximum deference permitted
      by law. 

     

     

    SECTION
      4

    SHARES
      SUBJECT TO THE PLAN 

     

     

    4.1 Shares
      Available. 

     

    4.1.1 Maximum
      Shares Available under Plan.
      The
      aggregate number of Shares available for issuance under the Plan may not exceed
      Ten Million (10,000,000) Shares. Such shares may be authorized but unissued
      shares or treasury shares.

     

    4.1.2 Adjustments.
      All
      Share numbers in this Section 4.1
      are
      subject to adjustment as provided in SECTION
      15.

     

    4.2 Number
      of Shares.
      The
      following rules will apply for purposes of the determination of the number
      of
      Shares available for grant under the Plan: 

     

    (a) While
      an
      Award is outstanding, it shall be counted against the authorized pool of Shares,
      regardless of its vested status. 

     

    (b) The
      grant
      of an Option or Restricted Stock shall reduce the Shares available for grant
      under the Plan by the number of Shares subject to such Award. 

     

    (c) The
      grant
      of a Tandem SAR shall reduce the number of Shares available for grant by the
      number of Shares subject to the related Option (i.e., there is no double
      counting of Options and their related Tandem SARs); provided,
      however,
      that,
      upon the exercise of such Tandem SAR, the authorized Share pool shall be
      credited with the appropriate number of Shares representing the number of shares
      reserved for such Tandem SAR less the number of Shares actually delivered upon
      exercise thereof or the number of Shares having a Fair Market Value equal to
      the
      cash payment made upon such exercise. 

     

    (d) The
      grant
      of an Affiliated SAR shall reduce the number of Shares available for grant
      by
      the number of Shares subject to the SAR, in addition to the number of Shares
      subject to the related Option; provided, however, that, upon the exercise of
      such Affiliated SAR, the authorized Share pool shall be credited with the
      appropriate number of Shares representing the number of shares reserved for
      such
      Affiliated SAR less the number of Shares actually delivered upon exercise
      thereof or the number of Shares having a Fair Market Value equal to the cash
      payment made upon such exercise. 

     

    (e) The
      grant
      of a Freestanding SAR shall reduce the number of Shares available for grant
      by
      the number of Freestanding SARs granted; provided,
      however,
      that,
      upon the exercise of such Freestanding SAR, the authorized Share pool shall
      be
      credited with the appropriate number of Shares representing the number of shares
      reserved for such Freestanding SAR less the number of Shares actually delivered
      upon exercise thereof or the number of Shares having a Fair Market Value equal
      to the cash payment made upon such exercise. 

     

    
      
         

      

      
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    (f) The
      Committee shall in each case determine the appropriate number of Shares to
      deduct from the authorized pool in connection with the grant of Performance
      Units and/or Performance Shares. 

     

    (g) To
      the
      extent that an Award is settled in cash rather than in Shares, the authorized
      Share pool shall be credited with the appropriate number of Shares having a
      Fair
      Market Value equal to the cash settlement of the Award. 

     

    4.3 Lapsed
      Awards.
      If an
      Award is cancelled, terminates, expires, or lapses for any reason (with the
      exception of the termination of a Tandem SAR upon exercise of the related
      Option, or the termination of a related Option upon exercise of the
      corresponding Tandem SAR), any Shares subject to such Award again shall be
      available to be the subject of an Award. 

     

     

    SECTION
      5

    STOCK
      OPTIONS 

     

    5.1 Grant
      of Options.
      Options
      may be granted to Employees, Consultants and Directors at any time and from
      time
      to time, as determined by the Committee in its sole discretion. The Committee,
      in its sole discretion, shall determine the number of Shares subject to Options
      granted to each Participant. The Committee may grant ISOs, NQSOs, or a
      combination thereof. 

     

    5.2 Award
      Agreement.
      Each
      Option shall be evidenced by an Award Agreement that shall specify the Option
      Price, the expiration date of the Option, the number of Shares to which the
      Option pertains, any conditions to exercise of the Option, and such other terms
      and conditions as the Committee, in its discretion, shall determine. The Award
      Agreement also shall specify whether the Option is intended to be an ISO or
      a
      NQSO. 

     

    5.3 Option
      Price.
      Subject
      to the provisions of this Section 5.3,
      the
      Option Price for each Option shall be determined by the Committee in its sole
      discretion. 

     

    5.3.1 Nonqualified
      Stock Options.
      In the
      case of a Nonqualified Stock Option, the Option Price shall be not less than
      Eighty Five Percent (85%) of the Fair Market Value of a Share on the date that
      the Option is granted. 

     

    5.3.2 Incentive
      Stock Options.
      In the
      case of an Incentive Stock Option, the Option Price shall be not less than
      one
      hundred percent (100%) of the Fair Market Value of a Share on the date that
      the
      Option is granted; provided,
      however,
      that if
      at the time that the Option is granted, the Employee (together with persons
      whose stock ownership is attributed to the Employee pursuant to Section 424(d)
      of the Code) owns stock possessing more than 10% of the total combined voting
      power of all classes of stock of the Company or any of its Subsidiaries, the
      Option Price shall be not less than one hundred and ten percent (110%) of the
      Fair Market Value of a Share on the date that the Option is granted. 

     

    5.3.3 Substitute
      Options.
      Notwithstanding the provisions of Sections 5.3.1
      and
5.3.2,
      in the
      event that the Company or an Affiliate consummates a transaction described
      in
      Section 424(a) of the Code (e.g., the acquisition of property or stock from
      an
      unrelated corporation), persons who become Employees, Consultants or Directors
      on account of such transaction may be granted Options in substitution for
      options granted by their former employer. If such substitute Options are
      granted, the Committee, in its sole discretion, may determine that such
      substitute Options shall have an exercise price less than 100% of the Fair
      Market Value of the Shares on the date the Option is granted. 

     

    
      
         

      

      
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    5.4 Expiration
      of Options.
      Unless
      the applicable stock option agreement provides otherwise, each Option shall
      terminate upon the first to occur of the events listed in Section 5.4.1,
      subject
      to Section 5.4.2. 

     

    5.4.1 Expiration
      Dates. 

     

    (a) The
      date
      for termination of the Option set forth in the Award Agreement; 

     

    (b) The
      expiration of ten years from the date the Option was granted, or 

     

    (c) The
      expiration of three months from the date of the Participant’s Termination of
      Employment for a reason other than the Participant’s death, Disability or
      Retirement, or 

     

    (d) The
      expiration of twelve months from the date of the Participant’s Termination of
      Employment by reason of Disability, or 

     

    (e) The
      expiration of twelve months from the date of the Participant’s death, if such
      death occurs while the Participant is in the employ or service of the Company
      or
      an Affiliate. 

     

    5.4.2 Committee
      Discretion.
      The
      Committee shall provide, in the terms of each individual Option, when such
      Option expires and becomes unexercisable. After the Option is granted, the
      Committee, in its sole discretion may extend the maximum term of such
      Option.
      The
      foregoing discretionary authority is subject to the limitations and restrictions
      on Incentive Stock Options set forth in Section 5.8.

     

    5.5 Exercise
      of Options.
      Options
      granted under the Plan shall be exercisable at such times, and subject to such
      restrictions and conditions, as the Committee shall determine in its sole
      discretion. After an Option is granted, the Committee, in its sole discretion,
      may accelerate the exercisability of the Option. 

     

    5.6 Payment.
      The
      Committee shall determine the acceptable form of consideration for exercising
      an
      Option, including the method of payment. In the case of an Incentive Stock
      Option, the Committee shall determine the acceptable form of consideration
      at
      the time of grant. Such consideration may consist entirely of:

     

    (a) cash;

     

    (b) check;

     

    (c) promissory
      note;

     

    (d) other
      Shares which (i) in the case of Shares acquired upon exercise of an Option,
      have been owned by the Participant for more than six (6) months on the date
      of
      surrender, and (ii) have a Fair Market Value on the date of surrender equal
      to the aggregate exercise price of the Shares as to which said Option shall
      be
      exercised;

     

    
      
         

      

      
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    (e) consideration
      received by the Company from a licensed broker under a cashless exercise program
      implemented by the Company to facilitate “same day” exercises and sales of
      Options;

     

    (f) a
      reduction in the amount of any Company liability to the Participant, including
      any liability attributable to the Participant's participation in any
      Company-sponsored deferred compensation program or arrangement;

     

    (g) any
      combination of the foregoing methods of payment; or

     

    (h) such
      other consideration and method of payment for the issuance of Shares to the
      extent permitted by applicable laws. 

     

    5.7 Restrictions
      on Share Transferability.
      The
      Committee may impose such restrictions on any Shares acquired pursuant to the
      exercise of an Option, as it may deem advisable, including, but not limited
      to,
      restrictions related to Federal securities laws, the requirements of any
      national securities exchange or system upon which such Shares are then listed
      and/or traded, and/or any blue sky or state securities laws. 

     

    5.8 Certain
      Additional Provisions for Incentive Stock Options. 

     

    5.8.1 Exercisability.
      The
      aggregate Fair Market Value (determined at the time the Option is granted)
      of
      the Shares with respect to which Incentive Stock Options are exercisable for
      the
      first time by any Employee during any calendar year (under all plans of the
      Company and its Subsidiaries) shall not exceed $100,000. 

     

    5.8.2 Termination
      of Employment.
      No
      Incentive Stock Option may be exercised more than three months after the
      Participant’s termination of employment for any reason other than Disability or
      death, unless (a) the Participant dies during such three-month period, and
      (b)
      the Award Agreement and/or the Committee permits later exercise. No Incentive
      Stock Option may be exercised more than one year after the Participant’s
      termination of employment on account of Disability, unless (a) the Participant
      dies during such one-year period, and (b) the Award Agreement and/or the
      Committee permit later exercise.

     

    5.8.3 Company
      and Subsidiaries Only.
      Incentive Stock Options may be granted only to persons who are Employees of
      the
      Company and/or a Subsidiary at the time of grant. 

     

    5.8.4 Expiration.
      No
      Incentive Stock Option may be exercised after the expiration of 10 years from
      the date such Option was granted; provided,
      however,
      that if
      the Option is granted to an Employee who, together with persons whose stock
      ownership is attributed to the Employee pursuant to Section 424(d) of the Code,
      owns stock possessing more than 10% of the total combined voting power of all
      classes of the stock of the Company or any of its Subsidiaries, the Option
      may
      not be exercised after the expiration of 5 years from the date that it was
      granted.

     

    5.9 Nontransferability
      of Options.
      No
      Option granted under the Plan may be sold, transferred, pledged, assigned,
      or
      otherwise alienated or hypothecated, other than by will, the laws of descent
      and
      distribution, or as provided under SECTION
      9.
      All
      Options granted to a Participant under the Plan shall be exercisable during
      his
      or her lifetime only by such Participant. 

     

    
      
         

      

      
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    SECTION
      6

    STOCK
      APPRECIATION RIGHTS

     

     

    6.1 Grant
      of SARs.
      An SAR
      may be granted to an Employee, Consultant or Director at any time and from
      time
      to time as determined by the Committee, in its sole discretion. The Committee
      may grant Affiliated SARs, Freestanding SARs, Tandem SARs, or any combination
      thereof. The Committee shall have complete discretion to determine the number
      of
      SARs granted to any Participant, and consistent with the provisions of the
      Plan,
      the terms and conditions pertaining to such SARs. However, the grant price
      of a
      Freestanding SAR shall be at least equal to the Fair Market Value of a Share
      on
      the date of grant. The grant price of Tandem or Affiliated SARs shall equal
      the
      Option Price of the related Option. 

     

    6.2 Exercise
      of Tandem SARs.
      Tandem
      SARs may be exercised for all or part of the Shares subject to the related
      Option upon the surrender of the right to exercise the equivalent portion of
      the
      related Option. A Tandem SAR may be exercised only with respect to the Shares
      for which its related Option is then exercisable. 

     

    6.2.1 ISOs.
      Notwithstanding any contrary provision of the Plan, with respect to a Tandem
      SAR
      granted in connection with an ISO: (i) the Tandem SAR shall expire no later
      than
      the expiration of the underlying ISO; (ii) the value of the payout with respect
      to the Tandem SAR shall be for no more than one hundred percent (100%) of the
      difference between the Option Price of the underlying ISO and the Fair Market
      Value of the Shares subject to the underlying ISO at the time the Tandem SAR
      is
      exercised; and (iii) the Tandem SAR shall be exercisable only when the Fair
      Market Value of the Shares subject to the ISO exceeds the Option Price of the
      ISO. 

     

    6.3 Exercise
      of Affiliated SARs.
      An
      Affiliated SAR shall be deemed to be exercised upon the exercise of the related
      Option. The deemed exercise of an Affiliated SAR shall not necessitate a
      reduction in the number of Shares subject to the related Option. 

     

    6.4 Exercise
      of Freestanding SARs.
      Freestanding SARs shall be exercisable on such terms and conditions as the
      Committee, in its sole discretion, shall determine. 

     

    6.5 SAR
      Agreement.
      Each
      SAR shall be evidenced by an Award Agreement that shall specify the grant price,
      the term of the SAR, the conditions of exercise, and such other terms and
      conditions as the Committee, in its sole discretion, shall determine.

     

    6.6 Expiration
      of SARs.
      An SAR
      granted under the Plan shall expire upon the date determined by the Committee,
      in its sole discretion, and set forth in the Award Agreement. Notwithstanding
      the foregoing, the rules of Section 5.4
      (pertaining to Options) also shall apply to SARs. 

     

    6.7 Payment
      of SAR Amount.
      Upon
      exercise of an SAR, a Participant shall be entitled to receive payment from
      the
      Company in an amount determined by multiplying: 

     

     

    
      
         

      

      
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    (a) The
      difference between the Fair Market Value of a Share on the date of exercise
      over
      the grant price; times 

     

    (b) The
      number of Shares with respect to which the SAR is exercised. 

     

    At
      the
      discretion of the Committee, the payment upon SAR exercise may be in cash,
      in
      Shares of equivalent value, or in some combination thereof. 

     

    6.8 Nontransferability
      of SARs.
      No SAR
      granted under the Plan may be sold, transferred, pledged, assigned, or otherwise
      alienated or hypothecated, other than by will, the laws of descent and
      distribution, or as permitted under SECTION
      9.
      An SAR
      granted to a Participant shall be exercisable during the Participant’s lifetime
      only by such Participant. 

     

    SECTION
      7

    RESTRICTED
      STOCK 

     

    7.1 Grant
      of Restricted Stock.
      Subject
      to the terms and provisions of the Plan, the Committee, at any time and from
      time to time, may grant Shares of Restricted Stock to Employees, Consultants
      or
      Directors in such amounts as the Committee, in its sole discretion, shall
      determine. 

     

    7.2 Restricted
      Stock Agreement.
      Each
      Award of Restricted Stock shall be evidenced by an Award Agreement that shall
      specify the Period of Restriction, the number of Shares granted, and such other
      terms and conditions as the Committee, in its sole discretion, shall determine.
      Unless the Committee determines otherwise, shares of Restricted Stock shall
      be
      held by the Company as escrow agent until the restrictions on such Shares have
      lapsed. 

     

    7.3 Transferability.
      Except
      as provided in this SECTION
      7,
      Shares
      of Restricted Stock may not be sold, transferred, pledged, assigned, or
      otherwise alienated or hypothecated until the end of the applicable Period
      of
      Restriction. All rights with respect to the Restricted Stock granted to a
      Participant under the Plan shall be available during his or her lifetime only
      to
      such Participant. 

     

    7.4 Other
      Restrictions.
      The
      Committee, in its sole discretion, may impose such other restrictions on any
      Shares of Restricted Stock as it may deem advisable including, without
      limitation, restrictions based upon the achievement of specific performance
      goals (Company-wide, divisional, and/or individual), and/or restrictions under
      applicable Federal or state securities laws; and may legend the certificates
      representing Restricted Stock to give appropriate notice of such restrictions.
      For example, the Committee may determine that some or all certificates
      representing Shares of Restricted Stock shall bear the following
      legend: 

     

    “The
      sale
      or other transfer of the shares of stock represented by this certificate,
      whether voluntary, involuntary, or by operation of law, is subject to certain
      restrictions on transfer as set forth in the Adera Mines Limited 2006 Equity
      Incentive Plan, and in a Restricted Stock Agreement. A copy of the Plan and
      such
      Restricted Stock Agreement may be obtained from the Secretary of Adera Mines
      Limited”

     

    7.5 Removal
      of Restrictions.
      Except
      as otherwise provided in this SECTION
      7,
      Shares
      of Restricted Stock covered by each Restricted Stock grant made under the Plan
      shall be released from escrow as soon as practicable after the last day of
      the
      Period of Restriction. The Committee, in its discretion, may accelerate the
      time
      at which any restrictions shall lapse, and/or remove any restrictions. After
      the
      restrictions have lapsed, the Participant shall be entitled to have any legend
      or legends under Section 7.4
      removed
      from his or her Share certificate, and the Shares shall be freely transferable
      by the Participant. 

     

    
      
         

      

      
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    7.6 Voting
      Rights.
      During
      the Period of Restriction, Participants holding Shares of Restricted Stock
      granted hereunder may exercise full voting rights with respect to those Shares,
      unless the Committee determines otherwise. 

     

    7.7 Dividends
      and Other Distributions.
      During
      the Period of Restriction, Participants holding Shares of Restricted Stock
      shall
      be entitled to receive all dividends and other distributions paid with respect
      to such Shares, unless otherwise provided in the Award Agreement. If any such
      dividends or distributions are paid in Shares, the Shares shall be subject
      to
      the same restrictions on transferability and forfeitability as the Shares of
      Restricted Stock with respect to which they were paid. 

     

    7.8 Return
      of Restricted Stock to Company.
      Subject
      to the applicable Award Agreement and Section 7.5,
      upon
      the earlier of (a) the Participant’s Termination of Employment, or (b) the date
      set forth in the Award Agreement, the Restricted Stock for which restrictions
      have not lapsed shall revert to the Company and, subject to Section 4.3,
      again
      shall become available for grant under the Plan. 

     

    7.9 Repurchase
      Option.
      Unless
      the Committee determines otherwise, the Restricted Stock Purchase Agreement
      shall grant the Company a repurchase option exercisable upon the voluntary
      or
      involuntary termination of the Participant's service with the Company for any
      reason (including death or Disability). The purchase price for Shares
      repurchased pursuant to the Restricted Stock Purchase Agreement shall be the
      original price paid by the Participant and may be paid by cancellation of any
      indebtedness of the Participant to the Company. The repurchase option shall
      lapse at a rate determined by the Committee.

     

    SECTION
      8

    PERFORMANCE
      UNITS AND PERFORMANCE SHARES 

     

    8.1 Grant
      of Performance Units/Shares.
      Performance Units and Performance Shares may be granted to Employees,
      Consultants or Directors at any time and from time to time, as shall be
      determined by the Committee, in its sole discretion. The Committee shall have
      complete discretion in determining the number of Performance Units and
      Performance Shares granted to each Participant. 

     

    8.2 Value
      of Performance Units/Shares.
      Each
      Performance Unit shall have an initial value that is established by the
      Committee at the time of grant. Each Performance Share shall have an initial
      value equal to the Fair Market Value of a Share on the date of grant. The
      Committee shall set performance goals in its discretion which, depending on
      the
      extent to which they are met, will determine the number and/or value of
      Performance Units/Shares that will be paid out to the Participants. The time
      period during which the performance goals must be met shall be called the
“Performance
      Period”.
      

     

    8.3 Earning
      of Performance Units/Shares.
      After
      the applicable Performance Period has ended, the holder of Performance
      Units/Shares shall be entitled to receive a payout of the number of Performance
      Units/Shares earned by the Participant over the Performance Period, to be
      determined as a function of the extent to which the corresponding performance
      goals have been achieved. After the grant of a Performance Unit/Share, the
      Committee, in its sole discretion, may adjust and/or waive the achievement
      of
      any performance goals for such Performance Unit/Share. 

     

    
      
         

      

      
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    8.4 Form
      and Timing of Payment of Performance Units/Shares.
      Payment
      of earned Performance Units/Shares shall be made as soon as practicable after
      the expiration of the applicable Performance Period. The Committee, in its
      sole
      discretion, may pay earned Performance Units/Shares in the form of cash, in
      Shares (which have an aggregate Fair Market Value equal to the value of the
      earned Performance Units/Shares at the close of the applicable Performance
      Period) or in a combination thereof. 

     

    8.5 Cancellation
      of Performance Units/Shares.
      Subject
      to the applicable Award Agreement, upon the earlier of (a) the Participant’s
      Termination of Employment, or (b) the date set forth in the Award Agreement,
      all
      remaining Performance Units/Shares shall be forfeited by the Participant to
      the
      Company, and subject to Section 4.3,
      the
      Shares subject thereto shall again be available for grant under the Plan.

     

    8.6 Nontransferability.
      Performance Units/Shares may not be sold, transferred, pledged, assigned, or
      otherwise alienated or hypothecated, other than by will, the laws of descent
      and
      distribution, or as permitted under SECTION
      9.
      A
      Participant’s rights under the Plan shall be exercisable during the
      Participant’s lifetime only by the Participant or the Participant’s legal
      representative.

     

    SECTION
      9

    BENEFICIARY
      DESIGNATION 

     

    If
      permitted by the Committee, a Participant may name a beneficiary or
      beneficiaries to whom any unpaid vested Award shall be paid in event of the
      Participant’s death. Each such designation shall revoke all prior designations
      by the same Participant and shall be effective only if given in a form and
      manner acceptable to the Committee. In the absence of any such designation,
      benefits remaining unpaid at the Participant’s death shall be paid to the
      Participant’s estate and, subject to the terms of the Plan, any unexercised
      vested Award may be exercised by the Committee or executor of the Participant’s
      estate.

     

    SECTION
      10

    DEFERRALS
      

     

    The
      Committee, in its sole discretion, may permit a Participant to defer receipt
      of
      the payment of cash or the delivery of Shares that would otherwise be due to
      such Participant under an Award. Any such deferral elections shall be subject
      to
      such rules and procedures as shall be determined by the Committee in its sole
      discretion. 

     

    SECTION
      11

    RIGHTS
      OF
      EMPLOYEES AND CONSULTANTS 

     

    11.1 No
      Effect on Employment or Service.
      Nothing
      in the Plan shall interfere with or limit in any way the right of the Company
      to
      terminate any Participant’s employment or service at any time, with or without
      cause. 

     

    11.2 Participation.
      No
      Employee, Consultant or Director shall have the right to be selected to receive
      an Award under this Plan, or, having been so selected, to be selected to receive
      a future Award.

     

    
      
         

      

      
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    SECTION
      12

    AMENDMENT,
      SUSPENSION, OR TERMINATION 

     

     

    The
      Board, in its sole discretion, may alter, amend or terminate the Plan, or any
      part thereof, at any time and for any reason. However, as required by Applicable
      Laws, no alteration or amendment shall be effective without further stockholder
      approval. Neither the amendment, suspension, nor termination of the Plan shall,
      without the consent of the Participant, alter or impair any rights or
      obligations under any Award theretofore granted. No Award may be granted during
      any period of suspension nor after termination of the Plan.

     

     

    SECTION
      13

    TAX
      WITHHOLDING 

     

    13.1 Withholding
      Requirements.
      Prior
      to the delivery of any Shares or cash pursuant to an Award, the Company shall
      have the power and the right to deduct or withhold, or require a Participant
      to
      remit to the Company, an amount sufficient to satisfy Federal, state, and local
      taxes required to be withheld with respect to such Award. 

     

    13.2 Shares
      Withholding.
      The
      Committee, in its sole discretion and pursuant to such procedures as it may
      specify from time to time, may permit a Participant to satisfy the minimum
      statutory tax withholding obligation, in whole or in part, by delivering to
      the
      Company Shares already owned for more than six (6) months having a value equal
      to the amount required to be withheld. The value of the Shares to be delivered
      will be based on their Fair Market Value on the date of delivery.

     

    SECTION
      14

    INDEMNIFICATION
      

     

    Each
      person who is or shall have been a member of the Committee, or of the Board,
      shall be indemnified and held harmless by the Company against and from any
      loss,
      cost, liability, or expense that may be imposed upon or reasonably incurred
      by
      him or her in connection with or resulting from any claim, notion, suit, or
      proceeding to which he or she may be a party or in which he or she may be
      involved by reason of any action taken or failure to act under the Plan or
      any
      Award Agreement and against and from any and all amounts paid by him or her
      in
      settlement thereof, with the Company’s approval, or paid by him or her in
      settlement thereof, with the Company’s approval, or paid by him or her in
      satisfaction of any judgment in any such action, suit, or proceeding against
      him
      or her, provided he or she shall give the Company an opportunity, at its own
      expense, to handle and defend the same before he or she undertakes to handle
      and
      defend it on his or her own behalf. The foregoing right of indemnification
      shall
      not be exclusive of any other rights of indemnification to which such persons
      may be entitled under the Company’s Articles of Incorporation or Bylaws, as a
      matter of law, or otherwise, or any power that the Company may have to indemnify
      them or hold them harmless. 

     

    SECTION
      15

    ADJUSTMENTS UPON CHANGES IN CAPITALIZATION,
      DISSOLUTION, MERGER OR ASSET SALE 

     

    15.1 Changes
      in Capitalization; No Award Repricing.
      Subject
      to any required action by the shareholders of the Company, the number of Shares
      covered by each outstanding Award, and the number of Shares which have been
      authorized for issuance under the Plan but as to which no Awards have yet been
      granted or which have been returned to the Plan upon cancellation or expiration
      of an Award, as well as the price per Share covered by each such outstanding
      Award, shall be proportionately adjusted for any increase or decrease in the
      number of issued Shares resulting from a stock split, reverse stock split,
      stock
      dividend, combination or reclassification of the Shares, or any other increase
      or decrease in the number of issued Shares effected without receipt of
      consideration by the Company; provided,
      however,
      that
      conversion of any convertible securities of the Company shall not be deemed
      to
      have been “effected without receipt of consideration.” Such adjustment shall be
      made by the Board, whose determination in that respect shall be final, binding
      and conclusive. Except as expressly provided herein, no issuance by the Company
      of shares of stock of any class, or securities convertible into shares of stock
      of any class, shall affect, and no adjustment by reason thereof shall be made
      with respect to, the number or price of Shares subject to an Award. Further,
      except for the adjustments provided herein, no Award may be amended to reduce
      its initial exercise price, and no Award may be cancelled and replaced with
      an
      Award with a lower price.

     

    
      
         

      

      
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    15.2 
      Dissolution or Liquidation.
      In the
      event of the proposed dissolution or liquidation of the Company, the Committee
      shall notify each Participant as soon as practicable prior to the effective
      date
      of such proposed transaction. The Committee in its discretion may provide for
      a
      Participant to have the right to exercise his or her Award until ten (10) days
      prior to such transaction as to all of the Shares covered thereby, including
      Shares as to which the Award would not otherwise be exercisable. In addition,
      the Committee may provide that any Company repurchase option applicable to
      any
      Shares purchased upon exercise of an Award shall lapse as to all such Shares,
      provided the proposed dissolution or liquidation takes place at the time and
      in
      the manner contemplated. To the extent it has not been previously exercised,
      an
      Award will terminate immediately prior to the consum-mation of such proposed
      action.

     

    15.3 Merger
      or Asset Sale.
      In the
      event of a merger of the Company with or into another corporation, or the sale
      of substantially all of the assets of the Company, each outstanding Award shall
      be assumed or an equivalent option or right substituted by the successor
      corporation or a Parent or Subsidiary of the successor corporation. In the
      event
      that the successor corporation refuses to assume or substitute for the Award,
      the Participant shall fully vest in and have the right to exercise the Award
      as
      to all of the Shares as to which it would not otherwise be vested or
      exercisable. If an Award becomes fully vested and exercisable in lieu of
      assumption or substitution in the event of a merger or sale of assets, the
      Committee shall notify the Participant in writing or electronically that the
      Award shall be fully vested and exercisable for a period of fifteen (15) days
      from the date of such notice, and the Award shall terminate upon the expiration
      of such period. For the purposes of this paragraph, the Award shall be
      considered assumed if, following the merger or sale of assets, the option or
      right confers the right to purchase or receive, for each Share subject to the
      Award immediately prior to the merger or sale of assets, the consideration
      (whether stock, cash, or other securities or property) received in the merger
      or
      sale of assets by holders of Shares for each Share held on the effective date
      of
      the transaction (and if holders were offered a choice of consideration, the
      type
      of consideration chosen by the holders of a majority of the outstanding Shares);
      provided,
      however,
      that if
      such consideration received in the merger or sale of assets is not solely common
      stock of the successor corporation or its Parent, the Committee may, with the
      consent of the successor corporation, provide for the consideration to be
      received upon the exercise of the Award, for each Share subject to the Award,
      to
      be solely common stock of the successor corporation or its Parent equal in
      fair
      market value to the per share consideration received by holders of Shares in
      the
      merger or sale of assets.

     

    
      
         

      

      
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    CONDITIONS
      UPON ISSUANCE OF SHARES 

     

     

    15.4 Legal
      Compliance.
      Shares
      shall not be issued pursuant to the exercise of an Award unless the exercise
      of
      such Award and the issuance and delivery of Shares shall comply with Applicable
      Laws and shall be further subject to the approval of counsel for the Company
      with respect to such compliance. 

     

    15.5 Investment
      Representations.
      As a
      condition to the exercise of an Award, the Company may require the person
      exercising such Award to represent and warrant at the time of any such exercise
      that the Shares are being purchased only for investment and without any present
      intention to sell or distribute such Shares if, in the opinion of counsel for
      the Company, such a representation is required.

     

    SECTION
      16

    INABILITY
      TO OBTAIN AUTHORITY 

     

    The
      inability of the Company to obtain authority from any regulatory body having
      jurisdiction, which authority is deemed by the Company's counsel to be necessary
      to the lawful issuance and sale of any Shares hereunder, shall relieve the
      Company of any liability in respect of the failure to issue or sell such Shares
      as to which such requisite authority shall not have been obtained.

     

    SECTION
      17

    RESERVATION OF SHARES
      

     

    The
      Company, during the term of this Plan, will at all times reserve and keep
      available such number of Shares as shall be sufficient to satisfy the
      requirements of the Plan.

     

    SECTION
      18

    LEGAL
      CONSTRUCTION 

     

     

    18.1 Gender
      and Number.
      Except
      where otherwise indicated by the context, any masculine term used herein also
      shall include the feminine; the plural shall include the singular and the
      singular shall include the plural. 

     

    18.2 Severability.
      In the
      event any provision of the Plan shall be held illegal or invalid for any reason,
      such illegality or invalidity shall not affect the remaining parts of the Plan,
      and the Plan shall be construed and enforced as if the illegal or invalid
      provision had not been included.

     

    18.3 Requirements
      of Law.
      The
      granting of Awards and the issuance of Shares under the Plan shall be subject
      to
      all Applicable Laws.

     

    18.4 Securities
      Law Compliance.
      With
      respect to Section 16 Persons, transactions under this Plan are intended to
      comply with all applicable conditions of Rule 16b-3. To the extent any provision
      of the Plan, Award Agreement or action by the Committee fails to so comply,
      it
      shall be deemed null and void, to the extent permitted by law and deemed
      advisable by the Committee.

     

    18.5 Governing
      Law.
      The
      Plan and all Award Agreements shall be construed in accordance with and governed
      by the laws of the State of California.

     

    
      
         

      

      
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          19
          -

        
          

        

      

      
         

      

    

     

    18.6 Captions.
      Captions are provided herein for convenience only, and shall not serve as a
      basis for interpretation or construction of the Plan.

     

    
      
         

      

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