Document:

Exhibit
10.28

EMPLOYMENT AGREEMENT — RANDY MOSELEY

         This EMPLOYEE AGREEMENT (hereinafter,
this “Agreement”), made and entered into this 16th day of March, 2007, by and between
Utilicraft Aerospace Industries, Inc., a corporation duly organized and
existing under the laws of the state of Nevada (hereinafter, the “Corporation”),
and RANDY MOSELEY (hereinafter, “Moseley”).

W I T N E S S E T H:
1.  The Corporation hereby employs Moseley, and Moseley agrees to work for the Corporation as Vice President, Chief Financial Officer of the Corporation, reporting directly to the President and Chief Executive Officer.
2.  This Agreement shall expire on    March 31, 2012  , unless sooner terminated as hereinafter provided. Moseley agrees to devote the required time necessary to fulfill his duties as Vice President, Chief Financial Officer for the profit, benefit and advantage of the business of the Corporation.
4.  (a) As compensation for services rendered under this Agreement, the Moseley shall initially receive a base salary of     $175,000     per annum effective immediately, with subsequent increases in the base salary upon milestones as follows:
First Flight of Prototype FF-1080 Aircraft            $200,000 per annum
FAA Certification of the FF-1080 Aircraft           $225,000 per annum
Delivery of Production Aircraft Number 036       $250,000 per annum
(b) The Corporation and Moseley acknowledge that due to the fact that the Corporation has been and will continue to be a development stage company, it has not had, and in the foreseeable future may not have, sufficient funds to pay Moseley his entire base salary each year. The Corporation and Moseley agree that to the extent that the Corporation has not, or in the future does not, pay Moseley his entire base salary for a given year, such underpayment shall be deemed deferred compensation and shall be reflected in the Corporation’s books as such. The Company agrees to pay to Moseley his deferred compensation at such time as the Corporation has the excess available funds to do so.
(c) Moseley will also receive from the Corporation, as part of his annual compensation, 500,000 shares of Utilicraft Aerospace Industries Inc. common stock, issued on a quarterly basis in advance.
(d) The Corporation will also grant to Moseley, at the beginning of each year of employment, warrants in Utilicraft Aerospace Industries Inc. in the amount of 250,000 shares at $0.50 per share.
         5.  The Corporation agrees that it will pay Moseley, as a bonus, an additional sum amounting to one quarter of one percent (.25%) of the basic delivered invoice price (not including optional equipment) of an FF-1080 aircraft delivered to commercial concerns, worldwide, (including commercial air carriers when owned and/or operated by a foreign government).  Payments of the additional sum payable to Moseley under this paragraph shall be made on the first (1st) working day of the month following the month in which aircraft deliveries are made and final payment on such deliveries has been received by the Corporation regardless of whether or not this Agreement is then in effect.
         6.  The Corporation and Moseley agree that the geographical location at which Moseley will devote the major portion of his time and efforts to his duties as Vice President, Chief Financial Officer is in Dallas, TX.
         7.  The Corporation agrees to pay all reasonable expenses incurred by Moseley in furtherance of the business of the Corporation, including travel and entertainment expenses. The Corporation agrees to reimburse Moseley for any such expenses paid out by him in the first instance, upon submission by him of a statement itemizing such expenses.
         8.  If Moseley shall, during the term of his employment under this Agreement, be absent from work because of illness or other cause for a period, or aggregate of periods, in excess of six (6) months in any one (1) year of the term of employment, the Corporation shall have the right to terminate this Agreement on one hundred eighty (180) days notice to Moseley. In that event, the Corporation shall pay Moseley his compensation to the date of termination.
9.  Moseley agrees that the Corporation may, from time to time, apply for take out in its own name and at its own expense, life, health, accident, or other insurance upon Moseley that the Corporation may deem necessary or advisable to protect its interests hereunder; the total amount of such life insurance shall not exceed One Million Dollars ($1,000,000.00) without the written consent of Moseley. Moseley agrees to submit to any medical or other examination necessary for such purpose and to assist and cooperate with the Corporation in procuring such insurance; and Moseley agrees that other than his rights as a shareholder he shall have no right, title, or interest in or to such insurance.

10.  In the event of the death of Moseley during the term of this Agreement and after the major start-up financing is in place, the Corporation agrees to pay Moseley’s legal representatives the sum of Five Thousand Dollars ($5,000.00).
11.  Moseley agrees that during the term of this Agreement he will not engage in any other commercial activity that is competitive with the business of the Corporation, nor be affiliated in any other way as officer, director, or significant stockholder of another corporation that is competitive with the Corporation.
12.  Moseley agrees that he shall exercise reasonable care to prevent disclosure of the Corporation’s proprietary information and shall not, himself at any time during the period of this Agreement and after its termination for any reason, disclose the Corporation’s proprietary information to others and will not use such information for any purpose except as contemplated by this Agreement. The term “proprietary information” as used herein includes, in addition to information so designated and labeled by the Corporation, all business, financial, technical and design information related to the Corporation’s developmental and production programs whether or not designated and labeled as proprietary information.
13.  Moseley agrees that, for a period of three (3) years after leaving the employ of the Corporation for any reason, he will not engage in any way, directly or indirectly, in any business
competitive with the business of the Corporation.
14.  If Moseley terminates this Agreement, the Corporation shall pay Moseley until the date of termination. Except for any reason that would be considered for cause, if the Corporation terminates the Agreement, it shall forthwith pay additional compensation to Moseley in the form of a lump sum payment of two (2) times the average amount of the annual basic salary then payable under paragraphs 4 (a) above.
15.  (a) For protection of Moseley against possible termination after a change of control (defined below) of the Corporation and to induce Moseley to continue to serve in his capacity as Vice President, Chief Financial Officer or in such other capacity to which he may be elected or appointed, the Corporation will provide severance benefits in the event Moseley’s employment is terminated after a change of control.
(b) “Change of Control” shall have occurred if, at any time after the Corporation has acquired its major start-up financing, (a) any person (as used in Sections 13(d) and 14(d) of the Securities Exchange Act (“SEA”) of 1934) becomes the beneficial owner (as defined in Rule 13(d)-3 of the SEA) of a total to twenty percent (20%) or more of the outstanding shares of the Corporation’s common stock, or (b) the Board of Directors of the Corporation is composed of a majority of directors who were not directors of the Corporation on the date of this Agreement, or (c) the change is of the type that is required to be reported under Item 5(f) of Schedule 14 Regulation 14A promulgated under the SEA.
(c) If a change of control has occurred, Moseley shall be entitled to severance benefits if his employment is terminated by him due to:
(i)   the assignment to him of any duties not consistent with his present position, or a change in titles or offices, or any failure to re-elect him to any positions held on the date of the change of control;
(ii)  a reduction in salary or discontinuance of any bonus plans in effect on the date of the change of control; or
(iii) a change in geographical location of where his position is based in excess of twenty (20) miles or required travel in excess of his usual business travel schedule.
(d) Moseley shall be entitled to severance benefits if his employment is terminated by the Corporation after a change of control. Such termination must not be due to any reason that would be considered for cause.
(e) Severance benefits after a change of control has occurred shall be:
(i)   a lump sum payment of ten (10) times the amount of the annual basic salary then payable under paragraphs 4 (a) above;
(ii)  allowance of surrender of all outstanding stock options, with the price to be determined by taking the difference between the option price and the price of the stock on the date of the change of control or the date of termination, whichever is highest; and
(iii) all employee benefits in effect and applicable to Moseley on the date of the change of control will be retained and paid by the Corporation for Moseley for a period of two (2) years. These benefits shall include all health, accident, and disability plans as well as any life insurance plans provided by or through the corporation.
(f) Moseley shall not be required to mitigate the amount of any payment provided under these severance benefits by seeking other employment and none of these payments may be reduced by any future salary he may earn.

(g) In the event of a change of control, the Corporation is aware that the Board of Directors or a shareholder or shareholders of the Corporation may cause the Corporation to refine to comply with its obligations under this paragraph, or may cause the Corporation to institute litigation seeking to have this paragraph declared enforceable, or may take other action to deny Moseley the benefits intended to be provided under this paragraph. It is the intent of the Corporation that Moseley not be required to incur expenses in enforcing his rights under this paragraph by litigation or other legal action because the costs and expenses would substantially detract from the benefits intended to be extended to Moseley under this paragraph.
(h) If, following a change of control, Moseley determines that the Corporation has failed to comply with any of its obligations under this paragraph or in the event the Corporation or any other person takes action to declare this paragraph void or enforceable, or institutes any litigation or other legal action designed to deny Moseley the benefits intended to be extended under this paragraph, the Corporation authorizes Moseley to retain counsel of his choice at the Corporation’s expense to represent Moseley in connection with the initiation or defense by Moseley of any litigation or legal action, whether by or against the Corporation, any director, officer, shareholder, or any other person affiliated with the Corporation, in any jurisdiction.
(i) Despite any previously existing attorney-client relationship between the Corporation and counsel retained by Moseley, the Corporation hereby provides that Moseley may enter into an attorney-client relationship with such counsel.  The Corporation and Moseley agree that a confidential relationship will exist between Moseley and such counsel.
(j) The Corporation hereby authorizes that the reasonable fees and expenses of counsel retained by Moseley shall be paid or reimbursed to Moseley by the Corporation on a regular, periodic basis upon Moseley’s presentation of a statement or statements, prepared by counsel in accordance with its customary practices, up to a maximum aggregate amount of Two Hundred Fifty Thousand Do11ars ($250,000.00).
16.   The Corporation shall have the right, with the consent of Moseley, to assign this Agreement to its successors or assigns and all covenants and agreements hereunder shall inure to the benefit of and be enforceable by or against its said successors or assigns. The terms “successor” and “assign” shall include any corporation which buys all or substantially all of the Corporation’s assets, or all of its stock, or with which, it merges or consolidates.
17.  The Corporation shall indemnify Moseley and hold him harmless against any claims or legal action of any type brought against Moseley with respect to his activities as Vice President, Chief Financial Officer of the Corporation and in such other capacity to which he may be appointed or elected and with respect to his services as a member of a committee and other duties related to his position, whether such claims or actions be rightfully or wrongfully brought or filed, and against all costs incurred by Moseley therein. In the event an action should be filed with respect to the subject of this indemnity and hold harmless agreement, the Corporation agrees that Moseley may employ an attorney of Moseley’s own selection to appear and defend the action, on behalf of Moseley, at the expense of the Corporation. Moseley, at his option, shall have the sole authority for the direction of the defense, and shall be the sole judge of the acceptability of any compromise or settlement of any claims or actions against Moseley.
18.  Any dispute concerning any questions of law or fact arising out of the circumstances of employment under this Agreement shall be determined by arbitration. The controversy shall be submitted to the American Arbitration Association for final determination.
l9.  Any waiver by either party of a breach of any provision of this Agreement shall not operate as or be construed as a waiver of any subsequent breach thereof.
20.  If any provision of this Agreement is declared invalid by any Tribunal, then such provision shall be deemed automatically adjusted to conform to the requirements for validity as declared at such time and, as so adjusted, shall be deemed a provision of this Agreement as though originally included herein. In the event that the provision invalidated is of such a nature that it cannot be so adjusted, the provisions shall be deemed deleted from this Agreement as though the provision had never been inc1uded herein. In either case, the remaining provisions of this Agreement shall remain in effect.
21.  This Agreement may be extended or modified by mutual agreement in writing in the form of a numbered amendment hereto.
22.  This Agreement shall be construed in accordance with the laws of the State of Nevada.
23.      This Agreement consists of six (6) pages.

IN WITNESS WHEREOF, the Corporation has hereunto signed its name by its President and Chief Executive Officer, and the other party hereto has signed his name, all as of the day and year first above written.
UTILICRAFT AEROSPACE INDUSTRIES, INC.
/s/ John J. Dupont
John J. Dupont
President and Chief Executive Officer
/s/ Randy Moseley
Randy Moseley

Vice President and Chief Financial OfficerExhibit 10.1

THE RYLAND GROUP, INC.

2007 EQUITY INCENTIVE PLAN

1.                      Purpose and
Types of Awards

The purpose of THE
RYLAND GROUP, INC. 2007 EQUITY INCENTIVE PLAN (the “Plan”) is to promote the
long-term growth and profitability of the Corporation by providing key people
with incentives to improve stockholder value and to contribute to the growth
and financial success of the Corporation.

The Plan permits
the granting of stock options (including incentive stock options qualifying
under Code Section 422 and nonqualified stock options), restricted stock
awards, stock units or any combination of the foregoing.

2.                      Definitions

Under this Plan,
except where the context otherwise indicates, the following definitions apply:

(a)                  “Administrator”
means the Board, the Compensation
Committee of the Board, or any committee or committees that are appointed by the Compensation Committee
or the Board that have authority to administer the Plan as provided in Section
3 hereof.

(b)                 “Affiliate”
shall mean any entity, whether now or
hereafter existing, which controls, is controlled by or is under common control
with the Corporation (including joint ventures, limited liability companies and
partnerships).  For this purpose, “control”
shall mean ownership of 50 percent or more of the total combined voting power
or value of all classes of stock or interests of the entity.

(c)                  “Award” shall mean any stock option, restricted stock award or
stock unit award.

(d)                 “Board” shall mean the Board of Directors of the Corporation.

(e)                  “Change in
Control” shall mean:

(i)             The acquisition by any person, other than the Corporation
or any employee benefit plans of the Corporation, of beneficial ownership of 20 percent or
more of the combined voting power of the Corporation’s then outstanding voting
securities;

(ii)          The first purchase under a tender offer or exchange offer,
other than an offer by the Corporation or any employee benefit plans of the
Corporation, pursuant to which shares of Common Stock have been purchased;

(iii)       During any period of two consecutive years, individuals who
at the beginning of such

period constitute
the Board of Directors of the Corporation cease for any reason to constitute at
least a majority thereof, unless the election or the nomination for the
election by stockholders of the Corporation of each new director was approved
by a vote of at least two-thirds of the directors then still in office who were
directors at the beginning of the period; or

(iv)      Approval by stockholders of the Corporation of a merger,
consolidation, liquidation or dissolution of the Corporation, or the sale of
all or substantially all of the assets of the Corporation.

For
purposes of any Award or subplan that constitutes a “nonqualified deferred
compensation plan,” within the meaning of Code Section 409A, the Administrator,
in its discretion, may specify a different definition of Change in Control in
order to comply with the provisions of Code Section 409A.

(f)                    “Code” shall mean the Internal Revenue Code of 1986, as amended,
and any regulations promulgated thereunder.

(g)                 “Common
Stock” shall mean shares of common stock, $1.00 par value, of the Corporation.

(h)                 “Corporation”
shall mean The Ryland Group, Inc. and
its successors and assigns.

(i)                     “Designated
Beneficiary” shall mean the beneficiary designated by an Award holder, in a manner
and to the extent determined by the Administrator, to receive amounts due or
exercise rights of the Award holder in the event of the Award holder’s death. 
In the absence of an effective designation by an Award holder, “Designated
Beneficiary” shall mean the Award holder’s estate.

(j)                     “Effective
Date” shall mean the date the Plan is approved by the stockholders of the
Corporation.

(k)                  “Fair
Market Value” shall mean, with respect to a share of the Corporation’s Common Stock
or other property for any purpose on a particular date, the value determined by
the Administrator in good faith. 
However, if the Common Stock is registered under Section 12(b) of the
Securities Exchange Act of 1934, as amended, “Fair Market Value” with respect
to a share of the Corporation’s Common Stock shall mean, as applicable, (i)
either the closing price or the average of the high and low sale price on the
relevant date, as determined in the Administrator’s discretion, quoted on the
New York Stock Exchange, the American Stock Exchange, or the Nasdaq National
Market; (ii) the last sale price on the relevant date quoted on the Nasdaq
SmallCap Market; (iii) the average of the high bid and low asked prices on the
relevant date quoted on the Nasdaq OTC Bulletin Board Service or by the
National Quotation Bureau, Inc. or a comparable service as determined in the
Administrator’s discretion; or (iv) if the Common Stock is not quoted by any of
the above, the average of the closing bid and asked prices on the relevant date
furnished by a professional market maker for the Common Stock, or by such other
source, selected by the Administrator. 
If no public trading of the Common Stock occurs on the relevant date,
then Fair Market Value shall be determined as of the next preceding date on
which trading of the Common Stock does occur. 
For all purposes under this Plan, the term “relevant date” as used in
this Section 2(k) shall mean either the date as of which Fair Market Value is
to be determined or the next preceding date on which public trading of the
Common Stock occurs, as determined in the Administrator’s discretion.

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(l)                     “Grant
Agreement” shall mean a written document memorializing the terms and conditions of
an Award granted pursuant to the Plan and shall incorporate the terms of the
Plan.

(m)               “Plan Share
Reserve” means the maximum number of shares of Common Stock that may be issued
with respect to Awards granted under the Plan.

(n)                 “Prior
Plans” shall mean The Ryland Group, Inc. 1992 Equity Incentive Plan, The Ryland
Group, Inc. 2002 Equity Incentive Plan and the 2005 Equity Incentive Plan.

(o)                 “2005
Equity Incentive Plan” shall mean The Ryland Group, Inc. 2005 Equity Incentive Plan, the term
of which expires on February 20, 2015.

3.                      Administration

(a)                  Administration
of the Plan.  The Plan shall be administered by the Board, the
Compensation Committee of the Board, or any committee or committees that are
appointed by the Compensation Committee or the Board from time to time.

(b)                 Powers of
the Administrator.  The Administrator shall have all the powers vested in it by
the terms of the Plan, such powers to include authority, in its sole and
absolute discretion, to grant Awards under the Plan, prescribe Grant Agreements
evidencing such Awards and establish programs for granting Awards.

The
Administrator shall have full power and authority to take all other actions
necessary to carry out the purpose and intent of the Plan, including, but not
limited to, the authority to:  (i)
determine the eligible persons to whom, and the time or times at which Awards
shall be granted; (ii) determine the types of Awards to be granted; (iii)
determine the number of shares to be covered by or used for reference purposes
for each Award; (iv) impose such terms, limitations, restrictions and conditions
upon any such Award as the Administrator shall deem appropriate; (v) modify,
amend, extend or renew outstanding Awards, or accept the surrender of
outstanding Awards and substitute new Awards (provided however, that, except as
provided in Section 7(c) of the Plan, (A) any modification that would adversely
affect any outstanding Award shall not be made without the consent of the
holder, and (B) the exercise price for any outstanding stock option granted
under the Plan may not be decreased after the date of grant nor may any
outstanding stock option granted under the Plan be surrendered to the
Corporation as consideration for the grant of a new stock option with a lower
exercise price); (vi) accelerate or otherwise change the time in which an Award
may be exercised or becomes payable and to waive or accelerate the lapse, in
whole or in part, of any restriction or condition with respect to such Award,
including, but not limited to, any restriction or condition with respect to the
vesting or exercisability of an Award following termination of any grantee’s
employment or other service relationship with the Corporation; and (vii) to
establish, amend, modify, administer or terminate subplans, and prescribe,
amend and rescind rules and regulations relating to such subplans.

The
Administrator shall have full power and authority, in its sole and absolute
discretion, to administer and interpret the Plan and to adopt and interpret
such rules, regulations, agreements,

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guidelines and
instruments for the administration of the Plan and for the conduct of its
business as the Administrator deems necessary or advisable.  To the extent permitted by applicable law,
the Administrator may delegate to one or more executive officers of the
Corporation the power to (i) grant Awards to individuals who are not subject to
Section 16 of the Securities Exchange Act of 1934, as amended, or any successor
provision and are not executive officers of the Corporation, and (ii) make all
determinations under the Plan with respect thereto, provided that the
Administrator shall fix the maximum amount of such Awards for the group and a
maximum for any Award recipient.

(c)                  Non-Uniform
Determinations.  The Administrator’s
determinations under the Plan (including without limitation, determinations of
the persons to receive Awards, the form, amount and timing of such Awards, the
terms and provisions of such Awards and the Grant Agreements evidencing such
Awards) need not be uniform and may be made by the Administrator selectively
among persons who receive, or are eligible to receive, Awards under the Plan,
whether or not such persons are similarly situated.

(d)                 Limited
Liability.  To the maximum extent permitted by law, no member of the
Administrator shall be liable for any action taken or decision made in good
faith relating to the Plan or any Award thereunder.

(e)                  Indemnification.  To the maximum extent permitted by law and by the
Corporation’s Charter and Bylaws, the members of the Administrator shall be
indemnified by the Corporation in respect of all their activities under the
Plan.

(f)                    Effect of
Administrator’s Decision.  All actions taken and decisions and determinations made by
the Administrator on all matters relating to the Plan pursuant to the powers
vested in it hereunder shall be in the Administrator’s sole and absolute
discretion and shall be conclusive and binding on all parties concerned,
including the Corporation, its stockholders, any participants in the Plan and
any other employee, consultant, or director of the Corporation, and their
respective successors in interest.

4.                      Shares
Available for the Plan; Maximum Awards

(a)                  Plan Share
Reserve.  Subject to the following provisions of this Section 4 and
adjustments as provided in Section 7(c) of the Plan, the Plan Share Reserve
shall be equal to the sum of: (i) 1,800,000 shares of Common Stock; (ii)
247,001 shares of Common Stock remaining under the 2005 Equity Incentive Plan
that are not subject to outstanding grants of Awards under Prior Plans; and
(iii) any shares of Common Stock that are represented by Awards granted under
the Prior Plans that are forfeited, expire or are canceled without delivery of
shares of Common Stock or which result in the forfeiture of the shares of
Common Stock back to the Corporation.

(b)                 Adjustments
to Plan Share Reserve; Fixed ISO Limit.  If any Award, or portion of an Award, under the Plan or the
Prior Plans expires or terminates unexercised, becomes unexercisable or is
forfeited or otherwise terminated, surrendered or canceled as to any shares,
the shares subject to such Award shall thereafter be available for Awards under
the Plan; provided, however, that the tender of shares for payment of the
exercise price of an option or award shall not make any such surrendered or
tendered shares available for issuance under the Plan; and provided further,
that no

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more than the
number of shares available for issuance on the Effective Date shall be made
available for purchase pursuant to incentive stock options.

(c)                  Cash
Settlement of Awards.  To the extent any shares of Common Stock covered by an
Award are not delivered to an Award holder or the holder’s Designated
Beneficiary because the Award is settled in cash, such shares shall not be
deemed to have been issued for purposes of determining the maximum number of
shares of Common Stock available for issuance under the Plan.

(d)                 Limitation
on Restricted Stock and Stock Units.  Notwithstanding the provisions of Section 4(a) of the Plan
and subject to adjustment as provided in Section 7(c) of the Plan, the maximum
number of shares of Common Stock that may be issued in conjunction with Awards
granted pursuant to subsections (d) and (e) of Section 6 of the Plan (relating
to restricted stock awards and stock units) shall be 600,000 shares of Common
Stock; provided, however, that any shares of Common Stock that are forfeited
back to the Corporation with respect to any such Awards shall be available for
further Awards under subsections (d) and (e) of Section 6 of the Plan.

(e)                  Code
Section 162(m) Limit.  Subject to adjustments as provided in Section 7(c) of the
Plan, the maximum number of shares of Common Stock subject to Awards of any
combination that may be granted during any one fiscal year of the Corporation
to any one individual under this Plan shall be limited to 500,000 shares.  Such per-individual limit shall not be
adjusted to effect a restoration of shares of Common Stock with respect to
which the related Award is terminated, surrendered or canceled.  The maximum cash amount that may be payable
in combination with any performance-based award distributable in restricted
stock or stock units is the cash amount equal to the sum of the fair market
value of the underlying shares plus the federal and state income and Medicare
taxes, assuming highest marginal tax rates, associated with the grant, vesting
or distribution of the related restricted stock or stock units.

5.                      Participation

Participation
in the Plan shall be open to all employees, officers and other individuals
providing bona fide services to or for the Corporation or any Affiliate of the
Corporation, as may be selected by the Administrator from time to time.  The Administrator may also grant Awards to
individuals in connection with hiring, retention or otherwise, prior to the
date the individual first performs services for the Corporation or an Affiliate
provided that such Awards shall not become vested or exercisable, and no shares
shall be issued to such individual, prior to the date the individual first
commences performance of such services.

6.                      Awards

(a)                  Terms of
Awards.  The Administrator, in its sole discretion, establishes the
terms of all Awards granted under the Plan. 
Awards may be granted individually or in tandem with other types of
Awards.  All Awards are subject to the
terms and conditions provided in the Grant Agreement, provided that all Awards
shall have a minimum three-year pro-rated vesting period, or a one-year vesting
period plus performance criteria established by the Administrator.

(b)                 Performance
Factors.  For purposes of ensuring that compensation arising from
Awards

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granted under the
Plan to officers and key employees of the Company is deductible as qualified
performance-based compensation within the meaning of Code Section 162(m), the
Administrator may provide that the granting, vesting, right to exercise or
lapse of restrictions associated with an Award (each, a “performance-based
award”) is contingent upon the attainment of one or more pre-established,
objective performance goals based on any, or any combination of, the following
business criteria as it may apply to an individual, a business unit, or the
Company: return on stockholders’ equity, return on investment, total revenue,
earnings before interest and taxes (“EBIT”), earnings before interest, taxes,
depreciation and amortization (“EBITDA”), profits, stock price, earnings per
share, or cost containment.  Performance
goals may include minimum, maximum and target levels of performance, with the
size of the performance-based award or the lapse of restrictions with respect
thereto based on the level attained.  The
Administrator may, at its sole discretion, modify the measurement criteria as
applied to performance-based awards to offset any unintended results arising
from events not anticipated when the performance goals were established;
provided, that such modifications may be made with respect to an Award granted
to any executive officer of the Company only to the extent permitted by Code
Section 162(m).

(c)                  Stock
Options.  The Administrator may from time to time grant to eligible
participants Awards of incentive stock options, as that term is defined in Code
Section 422, or nonqualified stock options; provided, however, that Awards of
incentive stock options shall be limited to employees of the Corporation or of
any current or hereafter existing “parent corporation” or “subsidiary
corporation,” as defined in Code Sections 424(e) and (f), respectively, of the
Corporation.  No stock option shall be an
incentive stock option unless so designated by the Administrator at the time of
grant or in the Grant Agreement evidencing such stock option.  All stock options granted under the Plan must
have an exercise price at least equal to Fair Market Value as of the date of
grant and may not have a term longer than five years.  Except for adjustments pursuant to Section
7(c), the exercise price for any outstanding stock option granted under the
Plan may not be decreased after the date of grant nor may any outstanding stock
option granted under the Plan be surrendered to the Corporation as
consideration for the grant of a new stock option with a lower exercise price.

(d)                 Restricted
Stock Awards.  The Administrator may from time to time grant restricted
stock Awards to eligible participants in such amounts, on such terms and
conditions, and for such consideration, including no consideration or such
minimum consideration as may be required by law, as it shall determine.  A restricted stock Award may be paid in
Common Stock, in cash, or in a combination of Common Stock and cash, as
determined in the sole discretion of the Administrator.

(e)                  Stock Unit
Awards.  The Administrator may from time to time grant Awards to
eligible participants denominated in stock-equivalent units in such amounts and
on such terms and conditions as it shall determine.  Stock units granted to a participant shall be
credited to a bookkeeping reserve account solely for accounting purposes and
shall not require a segregation of any of the Corporation’s assets.  An Award of stock units may be settled in
Common Stock, in cash, or in a combination of Common Stock and cash, as
determined in the sole discretion of the Administrator.  Shares of Common Stock awarded in connection
with an Award of stock units may be issued for such consideration as may be
determined by the Administrator, including for no consideration or such minimum
consideration as may be required by law. 
Except as otherwise provided in the applicable Grant Agreement, the
grantee shall not have the rights of a stockholder with respect to any shares of
Common Stock represented by a stock unit solely as a result of the grant of a
stock unit to the grantee.

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7.                      Miscellaneous

(a)                  Withholding
of Taxes.  Grantees and holders of Awards shall pay to the Corporation
or its Affiliate, or make provision satisfactory to the Administrator for
payment of, any taxes required to be withheld in respect of Awards under the
Plan no later than the date of the event creating the tax liability.  The Corporation or its Affiliate may, to the
extent permitted by law, deduct any such tax obligations from any payment of
any kind otherwise due to the grantee or holder of an Award.  Notwithstanding the above, in no event may holders of
Awards satisfy such tax liability through the tender or withholding of shares
of Common Stock.

(b)                 Transferability.  Except as otherwise determined by the Administrator, and in
any event in the case of an incentive stock option, no Award granted under the
Plan shall be transferable by a grantee otherwise than by will or the laws of
descent and distribution.  Unless
otherwise determined by the Administrator in accord with the provisions of the
immediately preceding sentence, an Award may be exercised during the lifetime
of the grantee, only by the grantee or, during the period the grantee is under
a legal disability, by the grantee’s guardian or legal representative.

(c)                  Adjustments;
Business Combinations.

(i)                     Upon a stock dividend of, or stock split or reverse stock
split affecting, the Common Stock of the Corporation, (A) the maximum number of
shares reserved for issuance or with respect to which Awards may be granted
under the Plan and the maximum number of shares with respect to which Awards
may be granted during any one fiscal year of the Corporation to any individual,
as provided in Section 4 of the Plan, and (B) the number of shares covered by
and the exercise price and other terms of outstanding Awards, shall, without
further action of the Board, be adjusted to reflect such event unless the Board
determines, at the time it approves such stock dividend, stock split or reverse
stock split, that no such adjustment shall be made.  The Administrator may make adjustments, in
its discretion, to address the treatment of fractional shares and fractional
cents that arise with respect to outstanding Awards as a result of the stock
dividend, stock split or reverse stock split.

(ii)                  In the event of any other changes affecting the
Corporation, the capitalization of the Corporation or the Common Stock of the
Corporation by reason of any spin-off, split-up, dividend, recapitalization,
merger, consolidation, business combination or exchange of shares and the like,
the Administrator except as otherwise provided in Section 7(d), in its
discretion and without the consent of holders of Awards, may make: (A)
appropriate adjustments to the maximum number and kind of shares reserved for
issuance or with respect to which Awards may be granted under the Plan, in the
aggregate and with respect to any individual, as provided in Section 4 of the
Plan, and to the number, kind and price of shares covered by outstanding Awards;
and (B) any other adjustments in outstanding Awards, including but not limited
to reducing the number of shares subject to Awards or providing or mandating
alternative settlement methods such as settlement of the Awards in cash or in
shares of Common Stock or other securities of the Corporation or of any other
entity, or in any other matters which relate to Awards as the Administrator
shall, in its sole discretion, determine to be necessary or appropriate.

(iii)       The Administrator is authorized to make, in its discretion
and without the consent of

 7
 

holders of Awards,
adjustments in the terms and conditions of, and the criteria included in,
Awards in recognition of unusual or nonrecurring events affecting the
Corporation, or the financial statements of the Corporation or any Affiliate,
or of changes in applicable laws, regulations, or accounting principles,
whenever the Administrator determines that such adjustments are appropriate in
order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under the Plan and outstanding Awards.

(d)                 Change in
Control.  Notwithstanding the provisions of Section 7(c)(ii), in the
event of a Change in Control, all Awards under the Plan are automatically and
fully vested and immediately exercisable or payable in whole or in part.  The obligations of the Corporation pursuant
to the Plan and performance with respect to rights of Award holders thereunder
shall be assumed by any participant, successor-in-interest or beneficiary of or
interested party in the Change in Control (collectively, the Change-in-Control
Participant), and the Change-in Control Participant shall cause the Awards to
be assumed, or new rights substituted therefor, by another entity.

(e)                  Substitution
of Awards in Mergers and Acquisitions in which the Corporation or an Affiliate
is the Acquiring Entity.  Solely in the event that the Corporation or an Affiliate is
an acquiring entity in a merger, acquisition and other business combination,
Awards may be granted under the Plan from time to time in substitution for
Awards held by employees, officers, consultants or directors of a target entity
who become or are about to become employees, officers, consultants or directors
of the Corporation or an Affiliate as the result of a merger or consolidation
of the employing entity with the Corporation or an Affiliate, or the
acquisition by the Corporation or an Affiliate of the assets or stock of the
employing entity.  The terms and conditions
of any substitute Awards so granted may vary from the terms and conditions set
forth herein to the extent that the Administrator deems appropriate at the time
of grant to conform the substitute Awards to the provisions of the awards for
which they are substituted.

(f)                    Compensation
Committee Report.  For each performance year and/or performance period, the
Compensation Committee of the Board shall determine and set forth in writing
not later than 90 days after the commencement of the performance year and/or
performance period and in no event later than the point in time when 25 percent
of the performance period has elapsed or the outcome of the performance
objectives is no longer substantially uncertain:  (i) the participants under the Plan who are
granted performance-based awards for the performance period; (ii) the nature
and amount (or the objective formula for determining the amount) of the
performance-based award that will be earned if specified performance objectives
are met; (iii) the applicable performance factors; and (iv) any other objective
terms and conditions that must be satisfied by the participant in order to earn
the performance-based award.

(g)                 Termination,
Amendment and Modification of the Plan.  The Administrator may terminate, amend or modify the Plan
or any portion thereof at any time; provided, however, that the provisions of
Section 6(a) relating to stock option repricing shall not be amended without
approval by the Corporation’s stockholders, and any amendments to the Plan will
not (i) materially increase the benefits accruing to participants under the
Plan; (ii) materially increase the aggregate number of securities that may be
issued under the Plan; or (iii) materially modify the requirements as to
eligibility for participation in the Plan, without approval by the Corporation’s
stockholders.

 8
 

(h)                 Non-Guarantee
of Employment or Service.  Nothing in the Plan or in any Grant Agreement thereunder
shall confer any right on an individual to continue in the service of the
Corporation or shall interfere in any way with the right of the Corporation to
terminate such service at any time with or without cause or notice.  The Corporation expressly reserves the right
at any time to dismiss an Award recipient free from any liability or claim
under the Plan, except as expressly provided in the applicable Grant Agreement.

(i)                     No Trust or
Fund Created.  Neither the Plan nor any Award shall create or be construed
to create a trust or separate fund of any kind or a fiduciary relationship
between the Corporation and a grantee or any other person.  To the extent that any grantee or other
person acquires a right to receive payments from the Corporation pursuant to an
Award, such right shall be no greater than the right of any unsecured general
creditor of the Corporation.

(j)                     Designated
Beneficiaries.  Unless otherwise provided in the applicable Grant
Agreement, amounts or certificates due an Award recipient after his or her
death under an Award shall be paid or delivered to the Award recipient’s
Designated Beneficiary in accordance with the terms and conditions of the
Award.

(k)                  Governing
Law.  The validity, construction and effect of the Plan, of Grant
Agreements entered into pursuant to the Plan, and of any rules, regulations,
determinations or decisions made by the Administrator relating to the Plan or
such Grant Agreements, and the rights of any and all persons having or claiming
to have any interest therein or thereunder, shall be determined exclusively in
accordance with applicable federal laws and the laws of the State of Maryland,
without regard to its conflict of laws principles.

(l)                     Effective
Date; Termination Date.  The Plan is effective as of the date on which the Plan is
approved by the stockholders of the Corporation.  The Plan shall be unlimited in duration and,
in the event of Plan termination, shall remain in effect as long as any Awards
under it are outstanding; provided, however, that no Awards shall be granted
under the Plan after the close of business on February 20, 2017.

 9

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