Document:

Exhibit 10.5

                                  ABAXIS, INC.
                             1998 STOCK OPTION PLAN

        1.      Purpose. The Abaxis, Inc. 1989 Stock Option Plan (the "Initial
Plan") was established to create additional incentive for employees, directors
and consultants of Abaxis, Inc. and any successor corporation thereto
(collectively referred to as the "Company"), and any present or future parent
and/or subsidiary corporations of such corporation (all of whom along with the
Company being individually referred to as a "Participating Company" and
collectively referred to as the "Participating Company Group"), to promote the
financial success and progress of the Participating Company Group. The Initial
Plan is hereby amended and restated in its entirety as the Abaxis, Inc. 1998
Stock Option Plan (the "Plan") as of July 21, 1998. For purposes of the Plan, a
parent corporation and a subsidiary corporation shall be as defined in sections
424(e) and 424(f) of the Internal Revenue Code of 1986, as amended (the "Code").

        2.      Administration.

                (a)     Administration by Board and/or Committee. The Plan shall
be administered by the Board of Directors of the Company (the "Board") and/or by
a duly appointed committee of the Board having such powers as shall be specified
by the Board. Any subsequent references herein to the Board shall also mean the
committee if such committee has been appointed and, unless the powers of the
committee have been specifically limited, the committee shall have all of the
powers of the Board granted herein, including, without limitation, the power to
terminate or amend the Plan at any time, subject to the terms of the Plan and
any applicable limitations imposed by law. All questions of interpretation of
the Plan or of any options granted under the Plan (an "Option") shall be
determined by the Board, and such determinations shall be final and binding upon
all persons having an interest in the Plan and/or any Option.

                (b)     Options Authorized. Options may be either incentive
stock options as defined in section 422 of the Code ("Incentive Stock Options")
or nonstatutory stock options.

                (c)     Authority of Officers. Any officer of a Participating
Company shall have the authority to act on behalf of the Company with respect to
any matter, right, obligation, or election which is the responsibility of or
which is allocated to the Company herein, provided the officer has apparent
authority with respect to such matter, right, obligation, or election.

                (d)     Administration with Respect to Insiders. With respect to
the participation in the Plan of officers or directors of the Company subject to
Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), the Plan shall be administered by the Board in compliance with the
requirements, if any, of Rule 16b-3, as promulgated under the Exchange Act and
amended from time to time or any successor rule or regulation ("Rule 16b-3").

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                (e)     Compliance with Section 162(m) of the Code. In the event
a Participating Company is a "publicly held corporation" as defined in paragraph
(2) of section 162(m) of the Code, as amended by the Revenue Reconciliation Act
of 1993 (P.L. 103-66), and the regulations promulgated thereunder ("Section
162(m)"), the Company may establish a committee of outside directors meeting the
requirements of paragraph 4(C)(i) of Section 162(m) to approve the grant of
Options which might reasonably be anticipated to result in the payment of
employee remuneration that would otherwise exceed the limit on employee
remuneration deductible for income tax purposes pursuant to Section 162(m).

        3.      Eligibility. The Options may be granted only to employees
(including officers), consultants and directors of the Participating Company
Group. For purposes of the foregoing sentence, "employees", "consultants" and
"directors" shall include prospective employees, prospective consultants and
prospective directors to whom Options are granted in connection with written
offers of employment or other service relationship with the Participating
Company Group. The Board shall, in its sole discretion, determine which persons
shall be granted Options (an "Optionee"). Any person who is not an employee on
the effective date of the grant of an Option to such person may be granted only
a nonstatutory stock option. An Incentive Stock Option granted to a prospective
employee upon the condition that such person become an employee shall be deemed
granted effective on the date such person commences employment with a
Participating Company, with an exercise price determined as of such date in
accordance with paragraph 6(a). An Optionee may, if otherwise eligible, be
granted additional Options.

        4.      Shares Subject to Option. Options shall be options for the
purchase of the authorized but unissued or reacquired shares of the Company's
common stock (the "Stock"), subject to adjustment as provided in paragraph 9
below. The maximum number of shares of Stock which may be issued under the Plan
shall be two million eight hundred eighty six thousand (2,886,000) shares.
Subject to adjustment as provided in paragraph 9 below, at any such time as a
Participating Company is a "publicly held corporation" as defined in paragraph 2
of Section 162(m), no person shall be granted within any fiscal year of the
Company Options which in the aggregate cover more than fifty thousand (50,000)
shares; provided, however, that the foregoing limit shall be two hundred fifty
thousand (250,000) shares with respect to Options granted to any person during
the first fiscal year of such person's employment with the Company (the "Per
Optionee Limit"). In the event that any outstanding Option for any reason
expires or is terminated or cancelled and/or shares of Stock subject to
repurchase are repurchased by the Company, the shares allocable to the
unexercised portion of such Option, or such repurchased shares, may again be
subjected to an Option.

        5.      Time for Granting Options. All Options shall be granted, if at
all, within ten (10) years from July 21, 1998.

        6.      Terms, Conditions and Form of Options. Subject to the provisions
of the Plan, the Board shall determine for each Option (which need not be
identical) the number of shares of Stock for which the Option shall be granted,
the option price of the Option, the exercisability of

<PAGE>

the Option, whether the Option is to be treated as an Incentive Stock Option or
as a nonstatutory stock option and all other terms and conditions of the Option
not inconsistent with the Plan. Options granted pursuant to the Plan shall be
evidenced by written agreements specifying the number of shares of Stock covered
thereby, in such form as the Board shall from time to time establish, and shall
comply with and be subject to the following terms and conditions:

                (a)     Option Price. The option price for each Option shall be
established in the sole discretion of the Board; provided, however, that (i) the
option price per share for an Incentive Stock Option shall be not less than the
fair market value, as determined by the Board, of a share of Stock on the date
of the granting of the Option, (ii) the option price per share for a
nonstatutory stock option shall not be less than eighty-five percent (85%) of
the fair market value, as determined by the Board, of a share of Stock on the
date of the granting of the Option and (iii) no Incentive Stock Option granted
to an Optionee who at the time the Option is granted owns stock possessing more
than ten percent (10%) of the total combined voting power of all classes of
stock of a Participating Company within the meaning of section 422(b)(6) of the
Code (a "Ten Percent Owner Optionee") shall have an option price per share less
than one hundred ten percent (110%) of the fair market value of a share of Stock
on the date the Option is granted. Notwithstanding the foregoing, an Option
(whether an Incentive Stock Option or a nonstatutory stock option) may be
granted with an exercise price lower than the minimum exercise price set forth
above if such Option is granted pursuant to an assumption or substitution for
another option in a manner qualifying with the provisions of section 424(a) of
the Code.

                (b)     Exercise Period of Options. The Board shall have the
power to set the time or times within which each Option shall be exercisable or
the event or events upon the occurrence of which all or a portion of each Option
shall be exercisable and the term of each Option; provided, however, that (i) no
Incentive Stock Option shall be exercisable after the expiration of ten (10)
years after the date such Option is granted and (ii) no Incentive Stock Option
granted to a Ten Percent Owner Optionee shall be exercisable after the
expiration of five (5) years after the date such Option is granted.

                (c)     Payment of Option Price. Payment of the option price for
the number of shares of Stock being purchased pursuant to any Option shall be
made (i) in cash, by check, or cash equivalent, (ii) by tender to the Company of
shares of the Company's stock owned by the Optionee having a value, as
determined by the Board (but without regard to any restrictions on
transferability applicable to such stock by reason of federal or state
securities laws or agreements with an underwriter for the Company), not less
than the option price, (iii) by the assignment of the proceeds of a sale or loan
with respect to some or all of the shares being acquired upon the exercise of an
Option (including, without limitation, through an exercise complying with the
provisions of Regulation T as promulgated from time to time by the Board of
Governors of the Federal Reserve System), or (iv) by any combination thereof.
The Board may at any time or from time to time, by adoption of or by amendment
to the standard forms of stock option agreement described in paragraph 7 below,
or by other means, grant Options which do not permit all of the foregoing forms
of consideration to be used in payment of the option price and/or

<PAGE>

which otherwise restrict one (1) or more forms of consideration. Notwithstanding
the foregoing, an Option may not be exercised by tender to the Company of shares
of the Company's stock to the extent such tender of stock would constitute a
violation of the provisions of any law, regulation and/or agreement restricting
the redemption of the Company's stock.

                        (i)     Unless otherwise provided by the Board, an
Option may not be exercised by tender to the Company of shares of the Company's
stock unless such shares of the Company's stock either have been owned by the
Optionee for more than six (6) months or were not acquired, directly or
indirectly, from the Company.

                        (ii)    The Company reserves, at any and all times, the
right, in the Company's sole and absolute discretion, to establish, decline to
approve and/or terminate any program and/or procedures for the exercise of
Options by means of an assignment of the proceeds of a sale or a loan with
respect to some or all of the shares of Stock to be acquired upon such exercise.

        7.      Standard Form of Stock Option Agreement.

                (a)     General. Unless otherwise provided for by the Board at
the time an Option is granted, an Option shall comply with and be subject to the
terms and conditions set forth in the standard form of stock option agreement
adopted by the Board and as amended from time to time.

                (b)     Standard Term for Options. Unless otherwise provided for
by the Board in the grant of an Option, any Option granted hereunder shall be
exercisable for a term of ten (10) years.

        8.      Authority to Vary Terms. The Board shall have the authority from
time to time to vary the terms of any standard form of stock option agreement
described in paragraph 7 above either in connection with the grant of an
individual Option or in connection with the authorization of a new standard form
or forms; provided, however, that the terms and conditions of such revised or
amended standard form or forms of stock option agreement shall be in accordance
with the terms of the Plan.

        9.      Effect of Change in Stock Subject to Plan. Appropriate
adjustments shall be made in the number and class of shares of Stock subject to
the Plan, to the Per Optionee Limit set forth in paragraph 4 above and to any
outstanding Options and in the option price of any outstanding Options in the
event of a stock dividend, stock split, reverse stock split, recapitalization,
combination, reclassification, or like change in the capital structure of the
Company.

<PAGE>

        10.     Change in Control.

                (a)     Definitions. Except as otherwise determined by the Board
and set forth in an Option Agreement, the following terms shall have their
respective meanings set forth below:

                        (i)     An "Ownership Change Event" shall be deemed to
have occurred if any of the following occurs with respect to the Company:

                                (A)     the direct or indirect sale or exchange
in a single or series of related transactions by the shareholders of the Company
of more than fifty percent (50%) of the voting stock of the Company;

                                (B)     a merger or consolidation in which the
Company is a party;

                                (C)     the sale, exchange, or transfer of all
or substantially all of the assets of the Company; or

                                (D)     a liquidation or dissolution of the
Company.

                        (ii)    A "Change in Control" shall mean an Ownership
Change Event or a series of related Ownership Change Events (collectively, the
"Transaction") wherein the shareholders of the Company immediately before the
Transaction do not retain immediately after the Transaction, in substantially
the same proportions as their ownership of shares of the Company's voting stock
immediately before the Transaction, direct or indirect beneficial ownership of
more than fifty percent (50%) of the total combined voting power of the
outstanding voting stock of the Company or the corporation or corporations to
which the assets of the Company were transferred (the "Transferee
Corporation(s)"), as the case may be. For purposes of the preceding sentence,
indirect beneficial ownership shall include, without limitation, an interest
resulting from ownership of the voting stock of one or more corporations which,
as a result of the Transaction, own the Company or the Transferee
Corporation(s), as the case may be, either directly or through one or more
subsidiary corporations. The Board shall have the right to determine whether
multiple sales or exchanges of the voting stock of the Company or multiple
Ownership Change Events are related, and its determination shall be final,
binding and conclusive.

                        (iii)   "Cause" shall mean any of the following: (A) the
Optionee's theft, dishonesty, or falsification of any Participating Company
documents or records; (B) the Optionee's improper use or disclosure of a
Participating Company's confidential or proprietary information; (C) any action
by the Optionee which has a detrimental effect on a Participating Company's
reputation or business; (D) the Optionee's failure or inability to perform any
reasonable assigned duties after written notice from the Participating Company
Group of, and a reasonable opportunity to cure, such failure or inability; (E)
any material breach by the Optionee of any agreement of employment or service
between the Optionee and the Participating Company

<PAGE>

Group, which breach is not cured pursuant to the terms of such agreement; or (F)
the Optionee's conviction (including any plea of guilty or nolo contendere) of
any criminal act which impairs the Optionee's ability to perform his or her
duties with the Participating Company Group.

                        (iv)    "Good Reason" shall mean (A) without an
Optionee's express written consent, the relocation of the principal place of
such Optionee's employment to a location that is more than fifty (50) miles
further from such Optionee's principal residence than such principal place of
employment immediately prior to the date of the Change in Control, (B) any
reduction by the Acquiring Corporation of such Optionee's base annual salary or
bonus compensation in effect immediately prior to the date of the Change in
Control, or (C) without such Optionee's express written consent, the assignment
to such Optionee of any duties, or any limitation of such Optionee's
responsibilities, inconsistent with such Optionee's positions, duties,
responsibilities and status with the Participating Company Group immediately
prior to the date of the Change in Control and the continuance thereof for a
period of twenty (20) days after written notice thereof to the Acquiring
Corporation from such Optionee.

                (b)     Effect of a Change in Control. In the event of a Change
in Control, the surviving, continuing, successor, or purchasing corporation or
parent corporation thereof, as the case may be (the "Acquiring Corporation"),
shall either assume the Company's rights and obligations under outstanding stock
option agreements or substitute options for the Acquiring Corporation's stock
for such outstanding Options. In the event the Acquiring Corporation elects not
to assume or substitute for such outstanding Options in connection with a Change
in Control, the Board shall provide that any unexercisable and/or unvested
portion of the outstanding Options shall be immediately exercisable and vested
as of a date prior to the Change in Control, as the Board so determines. The
exercise and/or vesting of any Option that was permissible solely by reason of
this paragraph 10 shall be conditioned upon the consummation of the Change in
Control. Any Options which are neither assumed by the Acquiring Corporation nor
exercised as of the date of the Change in Control shall terminate effective as
of the date of the Change in Control.

        In the event the Acquiring Corporation elects to assume or substitute
for such outstanding Options, such outstanding Options shall continue to become
exercisable and/or vested as provided in the respective stock option agreements
for such Options; provided, however, that if the employment of an Optionee with
the Acquiring Corporation, or any parent corporation or subsidiary corporation
of the Acquiring Corporation, is terminated other than for Cause or if the
Optionee resigns for Good Reason following the occurrence of a Change in
Control, the outstanding Options of such Optionee shall be immediately
exercisable and vested as of the date of such termination of employment.

        11.     Provision of Information. Each Optionee shall be given access to
information concerning the Company equivalent to that information generally made
available to the Company's common shareholders.

<PAGE>

        12.     Transferability of Options. During the lifetime of the
Optionee, an Option shall be exercisable only by the Optionee or the Optionee's
guardian or legal representative. No Option shall be assignable or transferable
by the Optionee, except by will or by the laws of the descent and distribution.
Notwithstanding the foregoing, a nonstatutory stock option shall be assignable
or transferable to the extent permitted by the Board and set forth in the Option
Agreement evidencing such Option.

        13.     Indemnification. In addition to such other rights of
indemnification as they may have as members of the Board or officers or
employees of the Participating Company Group, members of the Board and any
officers or employees of the Participating Company Group to whom authority to
act for the Board or the Company is delegated shall be indemnified by the
Company against all reasonable expenses, including attorneys' fees, actually and
necessarily incurred in connection with the defense of any action, suit or
proceeding, or in connection with any appeal therein, to which they or any of
them may be a party by reason of any action taken or failure to act under or in
connection with the Plan, or any right granted hereunder, and against all
amounts paid by them in settlement thereof (provided such settlement is approved
by independent legal counsel selected by the Company) or paid by them in
satisfaction of a judgment in any such action, suit or proceeding, except in
relation to matters as to which it shall be adjudged in such action, suit or
proceeding that such person is liable for gross negligence, bad faith or
intentional misconduct in duties; provided, however, that within sixty (60) days
after the institution of such action, suit or proceeding, such person shall
offer to the Company, in writing, the opportunity at its own expense to handle
and defend the same.

        14.     Termination or Amendment of Plan. The Board may terminate or
amend the Plan at any time. However, subject to changes in applicable law,
regulations or rules that would permit otherwise, without the approval of the
Company's shareholders, there shall be (a) no increase in the maximum aggregate
number of shares of Stock that may be issued under the Plan (except by operation
of the provisions of paragraph 9), (b) no change in the class of persons
eligible to receive Incentive Stock Options, and (c) no other amendment of the
Plan that would require approval of the Company's shareholders under any
applicable law, regulation or rule. In any event, no termination or amendment of
the Plan may adversely affect any then outstanding Option or any unexercised
portion thereof, without the consent of the Optionee, unless such termination or
amendment is required to enable an Option designated as an Incentive Stock
Option to qualify as an Incentive Stock Option or is necessary to comply with
any applicable law, regulation or rule.

        15.     Continuation of Initial Plan as to Outstanding Option. Any other
provision of the Plan to the contrary notwithstanding, the terms of the Initial
Plan shall remain in effect and apply to all Options granted pursuant to the
Initial Plan.EX-10.1

Exhibit 10.1

FORM OF EMPLOYEE NONQUALIFIED STOCK OPTION AGREEMENT

UNDER THE

SCS TRANSPORTATION, INC.

2003 OMNIBUS INCENTIVE PLAN

THIS AGREEMENT, made as of this 3rd day of February, 2005, by and between SCS Transportation,
Inc., a Delaware corporation (“Company”), and (“Optionee”),

WITNESSETH THAT:

WHEREAS, the Company has adopted the SCS Transportation, Inc. 2003 Omnibus Incentive Plan (the
“Plan”) pursuant to which options covering an aggregate of 274,000 shares of the common stock of
the Company may be granted to employees of the Company and its subsidiaries; and

WHEREAS, Optionee is now an employee of the Company or a subsidiary of the Company; and

WHEREAS, the Company desires to grant to Optionee certain nonqualified options to purchase
certain shares of its common stock under the terms of the Plan.

NOW, THEREFORE, in consideration of the premises and of the mutual agreements hereinafter set
forth, it is covenanted and agreed as follows:

1. Grant Subject to Plan. This option is granted under and is expressly subject to
all the terms and provisions of the Plan, and the terms of such Plan are incorporated herein by
reference. Optionee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by
all the terms and provisions thereof. Terms not defined herein shall have the meaning ascribed
thereto in the Plan. The Committee referred to in Section 2.5 of the Plan (“Committee”) has been
appointed by the Board of Directors, and designated by it, as the Committee to make grants of
options.

2. Grant and Terms of Option. Pursuant to action of the Committee, which action was
taken on February 3, 2005 (“Date of Grant”), the Company grants to Optionee the option to purchase
all or any part of   ( ) shares of the common stock
of the Company, of the par value of $0.001 per share (“Common Stock”), for a period of seven (7)
years from the Date of Grant, at the purchase price of $23.00 per share; provided, however, that
the right to exercise such option shall be, and is hereby, restricted as follows:

(a) Subject to paragraphs 2(c) and 7, in no event may any shares be purchased hereunder
on or before August 3, 2005.

(b) Subject to paragraph 2(a) above, at any time on or after February 3, 2008 during
the term of this option Optionee shall be entitled to purchase the entire number of shares
to which this option relates.

(c) Notwithstanding the foregoing, in the event the Company is wholly or partly
liquidated or is a party to a merger, consolidation, or reorganization in which it is not
the surviving entity, the option shall become exercisable in full; provided, however, that
in the event of a liquidation or a merger, consolidation or other transaction in which the
Company is not the surviving entity, the Company may pay Optionee the excess of the fair
market value of the shares subject to the unexercised portion of the option (calculated in
connection with such merger, consolidation or other transaction) over the option purchase
price, in full satisfaction of the Company’s obligations under this Agreement.

(d) In no event may this option or any part thereof be exercised after the expiration
of seven (7) years from the Date of Grant.

(e) The purchase price of the shares subject to the option may be paid for (i) in cash,
(ii) in the discretion of the Committee, by tender of shares of common stock already owned
by Optionee, or (iii) in the discretion of the Committee, by a combination of methods of
payment specified in clauses (i) and (ii), all in accordance with Section 6 of the Plan.
Notwithstanding the preceding sentence, Optionee may request that the Committee agree that
payment in full of the option price need not accompany the written notice of exercise;
provided that the notice of exercise directs that the certificate or certificates for the
 shares of Common Stock for which the option is exercised be delivered to a licensed broker
acceptable to the Committee as the agent for Optionee and, at the time such certificate or
certificates are delivered, the broker tenders to the Committee cash (or cash equivalents
acceptable to the Committee) equal to the option price for the shares of Common Stock
purchased pursuant to the exercise of the option plus the amount (if any) of any withholding
obligations on the part of the Company. Such request may be granted or denied in the sole
discretion of the Committee.

(f) No shares of Common Stock may be tendered in exercise of this option if such shares
were acquired by Optionee through the exercise of an Incentive Stock Option (within the
meaning of Section 422 of the Internal Revenue Code of 1986, as amended), unless (i) such
 shares have been held by Optionee for at least one year, and (ii) at least two years have
elapsed since such Incentive Stock Option was granted.

3. Adjustment for Changes in Capitalization. In the event that the Board shall
determine that any recapitalization, reorganization, merger, consolidation, spin-off, combination,
repurchase or share exchange, stock split or stock dividend or other similar corporate transaction
or event affects the shares of common stock such that an adjustment is appropriate in order to
prevent dilution or enlargement of the rights of Optionee, then the Board shall make such
adjustments in the number and kind of shares and in the exercise price under this option.

4. Investment Purpose and Other Restrictions on Transfer. Optionee represents that,
in the event of the exercise by Optionee of the option hereby granted, or any part thereof, he or
she intends to purchase the shares acquired on such exercise for investment and not with a view to
resale or other distribution; except that the Company, at its election, may waive or release this
condition in the event the shares acquired on exercise of the option are registered under the
Securities Act of 1933, or upon the happening of any other contingency which the Company shall
determine warrants the waiver or release of this condition. Optionee agrees that the certificates
evidencing the shares acquired by him or her on exercise of all or any part of this option, may
bear a restrictive legend, if appropriate, indicating any restrictions on the transfer thereof,
which legend may be in such form as the Company shall determine to be proper.

5. Non-Transferability. Neither the option hereby granted nor any rights thereunder
or under this Agreement may be assigned, transferred or in any manner encumbered except by will or
the laws of descent and distribution, and any attempted assignment, transfer, mortgage, pledge or
encumbrance except as herein authorized, shall be void and of no effect. The option may be
exercised during Optionee’s lifetime only by Optionee or his or her guardian or legal
representative.

6. Termination of Employment. In the event of the termination of employment of
Optionee for Cause, the determination of which shall be made in the sole discretion of the
Committee, the option granted may no longer be exercised on or after the date of such termination.
If the Optionee’s employment is terminated other than for Cause, death, Disability or retirement,
the determination of which shall be made in the sole discretion of the Committee, to the extent it
was eligible for exercise at the date of such termination of employment, an option may be exercised
until the earlier of (i) ninety (90) days after such termination, or (ii) the end of the exercise
period. If the Optionee’s employment is terminated by the Optionee’s retirement at or after age 55
of Optionee, the determination of which shall be made in the sole discretion of the Committee, then
subject to paragraph 2(a), the Committee shall have the discretion to cancel or vest any unvested
options then outstanding, and, to the extent it was or became eligible for exercise at the date of
such retirement from employment, an option may be exercised until the earlier of (i) one hundred
eighty (180) days after such retirement, or (ii) the end of the exercise period.

7. Death or Disability of Optionee. In the event of the termination of the employee’s
employment by reason of the death or Disability of Optionee during the term of this Agreement and
while he or she is employed by the Company (or its parent or a subsidiary), this option shall
become fully vested (if not already fully vested) and may be exercised by the Optionee, a legatee
or legatees of Optionee under his or her last will, or by his or her personal representatives or
distributees, at any time until the earlier of (i) one hundred eighty days from such Optionee’s
death or Disability, or (ii) the end of the exercise period.

8. Shares Issued on Exercise of Option. It is the intention of the Company that on
any exercise of this option it will transfer to Optionee shares of its authorized but unissued
stock or transfer treasury shares, or utilize any combination of treasury shares and authorized but
unissued shares, to satisfy its obligations to deliver shares on any exercise hereof.

9. Committee Administration. This option has been granted pursuant to a determination
made by the Committee, and such Committee or any successor or substitute committee authorized by
the Board of Directors or the Board of Directors itself, subject to the express terms of this
option, shall have plenary authority to interpret any provision of this option and to make any
determinations necessary or advisable for the administration of this option and the exercise of the
rights herein granted, and may waive or amend any provisions hereof in any manner not adversely
affecting the rights granted to Optionee by the express terms hereof; provided, however, subject to
Section 3 hereof, in no event may the exercise price of this option be decreased.

10. Option Not an Incentive Stock Option. It is intended that this option shall not
be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as
amended.

11. No Contract of Employment. Nothing contained in this Agreement shall be
considered or construed as creating a contract of employment for any specified period of time.

12. Severability. Any word, phrase, clause, sentence or other provision herein which
violates or is prohibited by any applicable law, court decree or public policy shall be modified as
necessary to avoid the violation or prohibition and so as to make this Agreement enforceable as
fully as possible under applicable law, and if such cannot be so modified, the same shall be
ineffective to the extent of such violation or prohibition without invalidating or affecting the
remaining provisions herein.

13. Non-Waiver of Rights. The Company’s failure to enforce at any time any of the
provisions of this agreement or to require at any time performance by Optionee of any of the
provisions hereof shall in no way be construed to be a waiver of such provisions or to affect
either the validity of this agreement, or any part hereof, or the right of the Company thereafter
to enforce each and every provision in accordance with the terms of this agreement.

14. Entire Agreement; Amendments. No modification, amendment or waiver of any of the
provisions of this agreement shall be effective unless in writing specifically referring hereto,
and signed by the parties hereto. This agreement supersedes all prior agreements and
understandings between Optionee and the Company to the extent that any such agreements or
understandings conflict with the terms of this agreement.

15. Assignment. This agreement shall be freely assignable by the Company to and shall
inure to the benefit of, and be binding upon, the Company, its successors and assigns and/or any
other entity which shall succeed to the business presently being conducted by the Company.

16. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware without regard to the principles of conflicts of law, which
might otherwise apply.

17. Acknowledgement. Optionee acknowledges that the Board of Directors of the
Company has adopted a guideline concerning investment in the stock of the Company that provides
that shares acquired upon exercise of this option be held for a minimum of five years if certain
ownership thresholds are not met by Optionee at the time of exercise of this option. This
guideline does not prohibit Optionee from selling enough shares to pay the exercise price of the
option and any tax withholding obligations arising from the exercise of the option.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on its behalf by
the undersigned officer pursuant to due authorization, and Optionee has signed this Agreement to
evidence his or her acceptance of the option herein granted and of the terms hereof, all as of the
date hereof.

SCS TRANSPORTATION, INC.

By  

ATTEST:

Secretary

 

Optionee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]