Document:

PURCHASE AND SALE OF ASSETS AGREEMENT

MERGER AND EXCHANGE AGREEMENT

THIS MERGER AND EXCHANGE AGREEMENT, made and entered into on February 6, 2008, by and among Turbine Truck Engines Inc., ("TTEG"), a Delaware corporation, High Point Acquisition, Inc. ("Acquisition"), a Nevada corporation to be formed as a wholly owned subsidiary of TTEG, and High Point Transport, Inc. ("HPTI"), a Florida corporation.

W I T N E S S E T H :

WHEREAS, TTEG's common stock is publicly traded and its stock price is quoted on the OTC Bulletin Board; and

WHEREAS, TTEG is subject to the reporting requirements of the Securities Exchange Act of 1934, by virtue of Section 15(d) of the Exchange Act; and

WHEREAS, HPTI's common stock is not publicly traded, nor is its stock price quoted in any quotation medium; and

WHEREAS, HTPI is subject to the reporting requirements of the Securities Exchange Act of 1934, under Section 13 of the Exchange Act as a result of its registration on Form 10-SB under Section 12(g) of the Exchange Act.

WHEREAS, it may be desirable for TTEG to change its state of domicile from Delaware to Nevada in connection with a proposed reduction in the number of its issued and outstanding shares; and

WHEREAS, TTEG and HPTI mutually desire that HPTI merge into Acquisition with the result that HPTI will become a wholly owned subsidiary of TTEG; and

WHEREAS, TTEG and HPTI respectively believe that this transaction, and the subsequent transactions described below, will benefit each of them in achieving their respective funding and operational goals; and

WHEREAS, TTEG and HPTI entered into a Merger and Exchange Agreement dated February 4, 2008 which they mutually desire to replace and supersede with this Agreement;

NOW, THEREFORE, in consideration of the premises herein before set forth, in reliance hereon and the mutual promises and respective representations and warranties of the parties, one to another made herein, and the reliance of each party upon the other(s) based hereon and other good and valuable consideration, the receipt and sufficiency of which the each party acknowledges, the parties agree, for purposes of consummating the transactions contemplated herein, as follows:

ARTICLE I

PRELIMINARY MATTERS

Section 1.01.  Recitals.  The parties acknowledge the recitals herein above set forth in the preamble are correct, are, by this reference, incorporated herein and are made a part of this Agreement.

Section 1.02.  Exhibits and Schedules.  Exhibits (which are documents to be executed and delivered at the Closing by the party identified therein or in the provision requiring its delivery) and Schedules (which are attachments setting forth information about a party identified therein or in the provision requiring its attachment) referred to herein and annexed hereto are, by this reference, incorporated herein and made a part of this Agreement, as if set forth fully herein.

Section 1.03.  Use of words and phrases.  Natural persons may be identified by last name, with such additional descriptors as may be desirable.  The words "herein," "hereby," "hereunder," "hereof," "herein before," "hereinafter" and any other equivalent words refer to this Agreement as a whole and not to any particular Article, Section or other subdivision hereof.  The words, terms and phrases defined herein and any pronoun used herein shall include the singular, plural and all genders.  The word "and" shall be construed as a coordinating conjunction unless the context clearly indicates that it should be construed as a copulative conjunction.

Section 1.04.  Accounting terms.  All accounting terms not otherwise defined herein shall have the meanings assigned to them under generally accepted accounting principles unless specifically referenced to regulatory accounting principles.

Section 1.05.  Calculation of time lapse or passage; Action required on holidays.  When a provision of this Agreement requires or provides for the calculation of the lapse or passage of a time period, such period shall be calculated by treating the event which starts the lapse or passage as zero; provided, that this provision shall not apply to any provision which specifies a certain day for action or payment, e.g. the first day of each calendar month.  Unless otherwise provided, the term "month" shall mean a period of thirty days and the term "year" shall mean a period of 360 days, except that the terms "calendar month" and "calendar year" shall mean the actual calendar period indicated.  If any day on which action is required to be taken or payment is required to be made under this Agreement is not a Business Day (Business Day being a day on which national banks are open for business where the actor or payor is located), then such action or payment shall be taken or made on the next succeeding Business Day.

Section 1.06.  Use of titles, headings and captions.  The titles, headings and captions of articles, sections, paragraphs and other subdivisions contained herein are for the purpose of convenience only and are not intended to define or limit the contents of said articles, sections, paragraphs and other subdivisions.

ARTICLE II

TERMS OF THE TRANSACTIONS

Section 2.01.  Merger of HPTI into Acquisition.  In accordance with the terms of this Agreement, on the Closing Date, as defined hereinafter, (i) HPTI will merge into Acquisition and disappear ("1st Merger"); (ii) Acquisition will be the corporation surviving such merger.  Notwithstanding the changes of corporate names required by this Agreement, the parties will be identified throughout this Agreement by their original names to avoid confusion.  Upon completion of the 1st Merger, the corporate structure will be: (i) TTEG will have one wholly owned subsidiary:  Acquisition, (ii) Acquisition will have one wholly owned subsidiary: Cannon Freight Systems, Inc., a Michigan corporation, and (iii) Cannon Freight Systems will have one wholly owned subsidiary: Cannon Global Logistics, LLC, a Michigan limited liability company.

Section 2.02.  Exchange of stock.  (a) In the 1st Merger, HPTI's stockholders will exchange all of their shares of HPTI's issued and outstanding common stock for 15 million shares of TTEG's common stock and HPTI's common stock will be cancelled and cease.  Following the 1st Merger, the original stockholders of TTEG will own 9.09 percent of TTEG  and the original stockholders of HPTI will own 90.91 percent of TTEG, with a total of 16.5 million shares issued and outstanding.  (b) TTEG will be automatically obligated for and assume all of HPTI's outstanding common stock purchase warrants, options and convertible securities, which shall be adjusted as a result of the transactions contemplated by this Agreement by multiplying the number of shares for which they may be exercised or into which they may be converted by 1.97668 based on 7.6 million shares of HPTI's outstanding at the date of this Agreement.

Section 2.03.  Directors and executive officers.  At the Closing, the directors and executive officers of TTEG, excepting Michael Rouse, shall resign without liability to TTEG and shall be replaced by the directors and executive officers of HPTI, whose election shall be confirmed by written action of HPTI's original stockholders; provided, that Turbine Truck NV (as provided in Section 3.10) may employ so many of TTEG's resigning executive officers as it may determine are necessary and desirable to continuation of Turbine Truck NV's operations and Turbine Truck NV shall be exclusively obligated for performance of TTEG's obligations under employment agreements with TTEG's resigning executive officers.

Section 2.04.  Federal income tax treatment.  It is the intention of the parties that (a) the 1st Merger and exchange of stock will be treated as a tax free exchange under Section 354 of the Internal Revenue Code and (b) the 2nd Merger will be treated as a tax free capitalization under Section 352 of the Internal Revenue Code.  The parties do not intend to obtain a tax opinion from counsel or seek a letter ruling or other advice from the Internal Revenue Service regarding the federal income tax consequences of the transactions.

Section 2.05.  Federal security law matters.  The parties elect to adopt the reporting obligations of TTEG under Section 15(d) of the Exchange Act, using TTEG's EDGAR access codes and registration number 333-109118.  Following filing of a current report on Form 8-K by HTPI reporting Closing of the transactions contemplated by this Agreement, HPTI shall file a Form 15 terminating its registration and reporting obligations under registration number 000-52756.  The shares of TTEG's common stock received by HPTI's stockholders in the 1st Merger will be "restricted securities" as defined in Rule 144 and subject to Rule 145 under the Securities Act of 1933, with a holding period for purposes of Rule 144 beginning on the date of the 1st Merger.

Section 2.06.  Press releases.  No party will issue a press release regarding the subject matter of this Agreement and the transactions contemplated hereby, either before or after Closing, without the prior approval thereof by the other party and its counsel; provided, that either or both of TTEG and HPTI may file a report on Form 8-K with the Securities and Exchange Commission not later than the date their respective securities counsel shall determine subject nevertheless to five-day prior notification to the other party of intent to file.

Section 2.07.  Transaction costs.  Each party shall pay all costs and expenses which it incurs in connection with this Agreement and the transactions contemplated hereby.

ARTICLE III

CLOSING OF THE TRANSACTION

Section 3.01.  Location, date and time of the Closing.  The Closing of the transaction contemplated by this Agreement shall take place on February 15, 2008, or as soon thereafter as practicable, ("Closing Date"), but in no event later than February 29, 2008.  The Closing shall take place at a time and at a location agreed to by the parties, and may include the exchange from different locations of executed signature pages by telephone facsimile and/or e-mail attachment.  The acts and deliveries which occur on the Closing Date for the purpose of consummating the transactions contemplated by this Agreement and the event itself are referred to herein as the "Closing".

Section 3.02.  HPTI's obligations at the Closing.  At the Closing, HPTI will deliver to Acquisition:

(a)  Officers' and Secretary's and Certificates of HPTI in the form set forth in Exhibits "A" and "B", respectively;

(b)  Certificates representing all of the issued and outstanding shares of HPTI's common stock endorsed by the record holders thereof for surrender and cancellation; and

(c)  Articles of Merger in compliance with Florida Law.

Section 3.03.  TTEG's obligations at the Closing.  At the Closing, Acquisition will deliver:

(a)  Officers' and Secretary's Certificates of the TTEG in the form set forth in Exhibits "A" and "B", respectively.

(b)  Certificates representing 15 million shares of TTEG's common stock in such numbers and such denominations and registered in the names of such persons as HPTI shall direct in writing to be received not less than three Business Days prior to Closing.

Section 3.04.  Acquisition's obligations at the Closing.  At the Closing, Acquisition will deliver:

(a)  Officers' and Secretary's Certificates of Acquisition in the form set forth in Exhibits "A" and "B", respectively.

(b)  Articles of Merger in compliance with Nevada law.

Section 3.05.  Closing Memorandum and receipts.  As evidence that all parties deem the Closing to have been completed and the transactions contemplated by this Agreement to have been consummated, the parties jointly will execute and deliver a Closing Memorandum, in the form of Exhibit "C", acknowledging such completion and consummation.

Section 3.06.  Waiver of conditions.  Notwithstanding Section 11.03, any condition to the Closing which is to the benefit of any party and which is not satisfied prior to or at the Closing will be deemed to be waived by the benefited party or otherwise satisfied and waived by virtue of that party executing the Closing Memorandum, except to the extent any such unsatisfied or unperformed condition is expressly preserved by listing it in the Closing Memorandum for satisfaction or performance after the Closing.

Section 3.07.  Further assurances.  At any time and from time to time after the Closing, at the reasonable request of any party and without further consideration, any other party(ies) shall execute and deliver such other instruments and documents as such requesting party may deem reasonably desirable or necessary to complete and confirm the transactions contemplated by this Agreement.

Section 3.08.  Conditions precedent to TTEG and Acquisition's obligations.  All obligations of TTEG and Acquisition hereunder are subject, at the option of TTEG, to the fulfillment of each of the following conditions at or prior to the Closing, and HPTI shall exert its best efforts to cause each such condition to be so fulfilled:

(a)  All representations and warranties of HPTI contained herein or in any document delivered pursuant hereto shall be true and correct in all material respects when made and shall be deemed to have been made again and given at and as of the date of the Closing of the transaction contemplated by this Agreement, and shall then be true and correct in all material respects, except for changes in the ordinary course of business after the date hereof in conformity with the representations, covenants and agreements contained herein.

(b)  All covenants, agreements and obligations required by the terms of this Agreement to be performed by HPTI at or before the Closing shall have been duly and properly performed in all material respects to TTEG's reasonable satisfaction.

(c)  Since the date of this Agreement there shall not have occurred any material adverse change in the condition or prospects (financial or otherwise) of HPTI and none of the assets or business of HPTI shall have suffered or incurred a material damage, destruction or loss not fully covered by insurance and which has a materially adverse affect on its business and operations.  As used in this paragraph (c), HPTI includes HPTI and its subsidiaries on a consolidated basis.

(d)  All documents required to be delivered to TTEG at or prior to the Closing shall have been so delivered.

(e)  The transaction contemplated by this Agreement shall have been approved by not less than a majority of HPTI's issued and outstanding shares of common stock, or such greater number of shares as required by its articles of incorporation, as amended, or its bylaws as in effect.

(f)  TTEG shall have received a certificate of good standing for HPTI and each of its direct and indirect subsidiaries issued by the secretary of state (Department of Labor, in the case of Michigan) of its state of incorporation and of each state in which it is qualified or required to be qualified to do business as a foreign corporation or, in the alternative, the printed page(s) of an Internet search at an official state government web site as of a recent date demonstrating unofficially that the entity is active, in good standing or otherwise current in filing annual franchise reports.

Section 3.09.  Conditions precedent to the HPTI's obligations.  All obligations of HPTI at the Closing are subject, at the option of HPTI, to the fulfillment of each of the following conditions at or prior to the Closing, and TTEG and Acquisition shall exert their respective best efforts to cause each such condition to be so fulfilled.

(a)  TTEG shall (a) redomicile to Nevada from Delaware and file articles of dissolution in Delaware, provided that in such redomiciliation TTEG may elect to change its name to High Point Transport, Inc., which will eliminate the need for a subsequent name change described below, and (b) have completed a share consolidation of its issued and outstanding shares of common stock in a ration of 1:11.3486, with fractional shares rounded up to the next whole share ; provided that (i) the total number of shares of common stock TTEG is authorized to issue shall be and remain 99,000,000 and (ii) FINRA or the NASDAQ Stock Market Corporate Operations Data Department, as required, shall have been appropriately notified

(b)  All representations and warranties of TTEG and of Acquisition contained herein or in any document delivered pursuant hereto shall be true and correct in all material respects when made and as of the Closing.

(c)  All obligations required by the terms of this Agreement to be performed by TTEG and Acquisition at or before the Closing shall have been duly and properly performed in all material respects.

(d)  Since the date of this Agreement there shall not have occurred any material adverse change in the condition or prospects (financial or otherwise) of TTEG and none of the assets or business of TTEG shall have suffered or incurred a material damage, destruction or loss not fully covered by insurance and which has a materially adverse affect on its business and operations.  Acquisition shall not have any assets or liabilities, nor shall it have conducted any business.

(e)  All documents required to be delivered to HPTI at or prior to the Closing shall have been so delivered.

(f)  The transactions contemplated by this Agreement to the extent requiring stockholder approval shall have been approved by not less than a majority of TTEG's issued and outstanding shares of common stock, or such greater number of shares as required by its articles of incorporation, as amended, or its bylaws as in effect.

(g)  HPTI shall have received a certificate of good standing for TTEG and for Acquisition issued by the secretary of state of their respective states of incorporation and of each state in which each is qualified or required to be qualified to do business as a foreign corporation or, in the alternative, the printed page(s) of an Internet search at an official state government web site demonstrating unofficially that as of a recent date the entity is active, in good standing or otherwise current in filing annual franchise reports.

(h)  HPTI shall have compensated Cresta Capital Strategies, LLC for its services in connection with the 1st Merger by the issue of common stock purchase warrants exercisable for the purchase of 760,002 shares of its common stock (subject to adjustment as a result of the 1st Merger by the factor of 1.97368, the fractional share rounded down to the next whole share), such warrants, as adjusted for the 1st Merger, exercisable at a price per share equal to one-half of the closing bid price of TTEG's common stock on the date its share consolidation is effective and subject to forfeiture in the event the Closing is not completed.

Section 3.10.  Transactions to be completed post Closing.  Following the Closing, TTEG and Acquisition will enter into the following transactions:

(a)  As soon as practicable following the Closing, Acquisition will merge ("2nd A Merger") into TTEG and disappear, and TTEG will change its name to High Point Transport, Inc., unless it has adopted this name in its redomiciliation to Nevada.      

(b) Between the 1st Merger and the 2nd Merger, TTEG will transfer all of TTEG's previously existing assets and operations into a Nevada corporation to be formed with the name "Turbine Truck Engines NV, Inc." ("Turbine Truck NV") and in consideration for the transfer TTEG will receive all of the issued and outstanding shares of the Turbine Truck NV's common stock, with the result that Turbine Truck NV will be a wholly owned subsidiary of TTEG. Upon completion of the transfer described in this clause (b) and the 2nd Merger, the corporate structure will be: (i) TTEG will have two wholly owned subsidiaries: Cannon Freight Systems, Inc. and Turbine Truck NV and (ii) Cannon Freight Systems will have one wholly owned subsidiary: Cannon Global Logistics, LLC.

(c)  Following the transfer described in clause (b) of this Section, TTEG will use its best efforts to provide or arrange funding to Turbine Truck NV pursuant to a budget covering a period of thirty-six months attached hereto as Exhibit "D".  It is expected that the 36-month budget will require an aggregate amount of approximately $1,000,000 over the first twelve months for working capital in furtherance of its business development plans.  In the event TTEG is unable to provide the funding during the first twelve months as provided in the budget, then TTEG at its expense will cause Turbine Truck NV to file a registration statement under the Securities Act of 1933 for the purpose of TTEG's distribution of a dividend in kind to its stockholders consisting of Turbine Truck NV's shares owned by TTEG, less the 9.99 percent of those shares to be retained by TTEG; provided, that the 9.99 percent shall be reduced by a percentage determined by dividing the difference between the amount of funding actually provided in such twelve month period and the funding required under the budget in such twelve month period divided by the funding required under the budget in such twelve-month period.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE PARTIES

Section 4.01.  HPTI's representations and warranties.  HPTI, for itself and on a consolidated basis with its subsidiaries, represents and warrants to TTEG and Acquisition that:

(a)  Each of HPTI and its direct and indirect subsidiaries is duly incorporated and existing corporation or duly organized and existing limited liability company in good standing under the laws of its state of incorporation or organization and HPTI has full corporate power to execute, deliver and perform this Agreement.

(b) This Agreement has been duly and validly authorized, executed and delivered by HPTI and constitutes the legal, valid and binding obligation of HPTI enforceable against it, in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization and other laws of, relating to or affecting stockholders and creditors rights generally and to general equitable principles.

(c) The execution of this Agreement and consummation of the transactions contemplated hereby does not conflict with and will not result in any adverse consequences to or breach of any agreement, mortgage, instrument, judgment, decree, law or governmental regulation, license, permit or authorization by HPTI or in the loss, forfeiture or waiver of any rights, license, authorization or franchise owned by HPTI, from which HPTI benefits or which is desirable in the conduct of HPTI's business.

(d)  Except for such actions as may have been taken, no further action by or before any governmental body or authority of the United States of America or any state or subdivision thereof or any regulatory body to which HPTI is subject is required in connection with the execution and delivery of this Agreement by HPTI and the consummation of the transactions contemplated hereby.

 (e)  The information HPTI has delivered to TTEG relating to HPTI was, to the knowledge of HPTI, on the date reflected in each such item of information accurate in all material respects and, to the knowledge of HPTI, such information at the date hereof taken as a whole provides, to the knowledge of HPTI, full and fair disclosure of all material information relating to HPTI and does not, to the knowledge of HPTI omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

(f)  HPTI has conducted its business in the ordinary course for the last three years or since inception, whichever is less, except that it acquired Cannon Freight Systems as a wholly owned subsidiary on October 25, 2007.

(g) Neither HPTI nor any employee, to HPTI knowledge, has since inception given or agreed to give any gift or similar benefit valued at more than $20 annually to any customer, supplier, governmental employee or other person who is or may be or have been in a position to help or hinder HPTI's business which might subject HPTI to damage or penalty in civil, criminal or governmental litigation or proceedings.

(h)  HPTI's financial statements contained in its registration and reports filed with the Securities and Exchange Commission have been prepared in accordance with generally accepted accounting principles consistently applied and maintained throughout the periods indicated, fairly present the financial condition of HPTI in all material respects at the dates and the results of operations for the periods indicated, contain all normally recurring adjustments and do not omit to disclose any contingent, undisclosed or hidden liabilities.  HPTI's financial records are maintained in accordance with good business practice.

(i) HPTI has good, marketable and insurable title to all of the properties and assets, including intangible assets, if any, which it owns or uses in HPTI's business or purports to own, including, without limitation, those reflected in its books and records and in the balance sheet, both tangible and intangible, (excluding inventory sold after the most recent balance sheet date in the ordinary course of business), excepting only those properties and assets subject to operating leases disclosed in notes to HPTI's financial statements.  All of HPTI's properties and assets are subject to multiple perfected and unperfected security interests; but, otherwise are not subject to any encumbrance, restriction, lease, license, easement, liability or adverse claim of any nature whatsoever, direct or indirect, whether accrued, absolute, contingent or otherwise, except as expressly set forth in the notes to HPTI's financial statements as securing specific liabilities or subject to specific capital leases and have arisen only in the ordinary course of business.  Except as noted on Schedule "A", all of the properties and assets owned, leased or used by HPTI are in good operating condition and repair, are suitable for the purposes used, are adequate and sufficient for all current operations and are directly related to HPTI's business.

(j)  All of the material contracts, agreements, leases, licenses and commitments of HPTI (other than those which have been fully performed), are valid and binding, enforceable in accordance with their respective terms, in full force and effect and, except as noted in Schedule "C", there is not thereunder with respect to any party thereto any existing default or event, which after the giving of notice or lapse of time or both, would constitute a default or result in a right to accelerate or loss of rights and none of such contracts, agreements, leases, licenses and commitments is, either when considered singly or in the aggregate with others, unduly burdensome, onerous or materially adverse to HPTI's consolidated business, properties, assets, earnings or prospects or either before or after the Closing, to result in any material loss or liability.

(k)  There is no claim, legal action, suit, arbitration, governmental investigation, or other legal or administrative proceeding, nor any order, decree, judgment or judgment in progress, pending or in effect or to HPTI's knowledge threatened, against or relating to HPTI, other than suits and judgments for sums not exceeding $25,000 or otherwise fully insured, its directors, officers or employees with respect to HPTI or its business or for which HPTI or its subsidiaries may have an indemnity obligation, it properties, assets or business or the transaction contemplated by this Agreement and HPTI does not know or have any reason to be aware of any basis for the same, including any basis for a claim of sexual harassment or racial or age discrimination, except as set forth in Schedule "D".

(l)  All taxes, including without limitation, income, property, special assessments, sales, use, franchise, intangibles, employees' income withholding and social security taxes, including employer's contribution, other than those for which a return or deposit is not yet due and have been, which are due and payable, and all interest and penalties thereon, unless disputed in good faith in proper proceedings and reserved for or set aside, have been paid in full and all tax returns required to be filed in connection therewith have been accurately prepared and timely filed and all deposits required by law to be made by HPTI with respect to employees' withholding and social security taxes have been made.  HPTI is not and has no reason to believe that it will be the subject of an audit by any taxing authority.  There is not now in force any extension of time with respect to the date when tax return was or is due to be filed, or any waiver or agreement by HPTI for the extension of time for the assessment of any tax and HPTI is not a "consenting corporation" within the meaning of Section 341(f)(1) of the Tax Code.

(m)  HPTI does not have any employee benefit, pension or profit sharing plans subject to ERISA and no such plans to which HTPI is obligated or required to make contributions.

(n)  None of HPTI's employees are represented by a collective bargaining agent or subject to a collective bargaining agreement and HPTI considers its relations with its employees as a whole to be good.  HPTI has disclosed to TTEG all employee salary, compensation and benefit agreements and no employee has a written employment agreement.

(o)  No person has guaranteed any obligation of HPTI, and HPTI has not guaranteed the obligation of any other person, except guarantees of loans to HPTI made by Agile Opportunity Fund, LLC, Textron Financial Corporation and Land Rover Capital Group.

(p)  HPTI and its management have no reason to believe or expect and do not believe or expect that any event or events will occur which will result its business producing results of operations which are materially different from HPTI's recent operations, except for a reduction in deliveries of freight to the automotive industry which is expected to be temporary.

Section 4.02.  TTEG and Acquisition's representations and warranties.  TTEG, for itself and on a consolidated basis with Acquisition, represents and warrants to HPTI that:

(a)  Each of TTEG and Acquisition is duly incorporated and existing corporation or duly organized and existing limited liability company in good standing under the laws of its state of incorporation or organization and HPTI has full corporate power to execute, deliver and perform this Agreement.  Acquisition is TTEG's only subsidiary.

(b) This Agreement has been duly and validly authorized, executed and delivered by HPTI and constitutes the legal, valid and binding obligation of TTEG and Acquisition enforceable against it, in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization and other laws of, relating to or affecting stockholders and creditors rights generally and to general equitable principles.

(c)  The execution of this Agreement and consummation of the transactions contemplated hereby does not conflict with and will not result in any adverse consequences to or breach of any agreement, mortgage, instrument, judgment, decree, law or governmental regulation, license, permit or authorization by TTEG and Acquisition or in the loss, forfeiture or waiver of any rights, license, authorization or franchise owned by HPTI, from which HPTI benefits or which is desirable in the conduct of TTEG and Acquisition business.

(d)  Except for such actions as may have been taken, no further action by or before any governmental body or authority of the United States of America or any state or subdivision thereof or any regulatory body to which TTEG and Acquisition are subject is required in connection with the execution and delivery of this Agreement by HPTI and the consummation of the transactions contemplated hereby.

 (e)  The information TTEG and Acquisition have delivered to HPTI relating to TTEG and Acquisition was, to the knowledge of HPTI, on the date reflected in each such item of information accurate in all material respects and, to the knowledge of HPTI, such information at the date hereof taken as a whole provides, to the knowledge of HPTI, full and fair disclosure of all material information relating to TTEG and Acquisition and does not, to the knowledge of HPTI omit to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

(f)  TTEG has conducted its business in the ordinary course for the last three years or since inception, whichever is less; and, Acquisition has never conducted any business or incurred any obligations.

(g) Neither TTEG or Acquisition nor any employee, to TTEG's knowledge, has since inception given or agreed to give any gift or similar benefit valued at more than $20 annually to any customer, supplier, governmental employee or other person who is or may be or have been in a position to help or hinder TTEG and Acquisition's business which might subject TTEG or Acquisition to damage or penalty in civil, criminal or governmental litigation or proceedings.

(h)  TTEG's financial statements contained in its registration and reports filed with the Securities and Exchange Commission have been prepared in accordance with generally accepted accounting principles consistently applied and maintained throughout the periods indicated, fairly present the financial condition of TTEG in all material respects at the dates and the results of operations for the periods indicated, contain all normally recurring adjustments and do not omit to disclose any contingent, undisclosed or hidden liabilities.  TTEG's financial records are maintained in accordance with good business practice.  Acquisition has not prepared any financial statements and does not maintain any financial records.

(i) TTEG has good, marketable and insurable title to all of the properties and assets, including intangible assets, if any, which it owns or uses in TTEG's business or purports to own, including, without limitation, those reflected in its books and records and in the balance sheet, both tangible and intangible, (excluding inventory sold after the most recent balance sheet date in the ordinary course of business), excepting only those properties and assets subject to operating leases disclosed in notes to TTEG's financial statements.  All of TTEG's properties and assets are subject to multiple perfected and unperfected security interests; but, otherwise are not subject to any encumbrance, restriction, lease, license, easement, liability or adverse claim of any nature whatsoever, direct or indirect, whether accrued, absolute, contingent or otherwise, except as expressly set forth in the notes to TTEG's financial statements as securing specific liabilities or subject to specific capital leases and have arisen only in the ordinary course of business.  Except as noted on Schedule "A", all of the properties and assets owned, leased or used by TTEG are in good operating condition and repair, are suitable for the purposes used, are adequate and sufficient for all current operations and are directly related to TTEG's business.

(j)  All of the material contracts, agreements, leases, licenses and commitments of TTEG (other than those which have been fully performed), are valid and binding, enforceable in accordance with their respective terms, in full force and effect and, except as noted in Schedule "C", there is not thereunder with respect to any party thereto any existing default or event, which after the giving of notice or lapse of time or both, would constitute a default or result in a right to accelerate or loss of rights and none of such contracts, agreements, leases, licenses and commitments is, either when considered singly or in the aggregate with others, unduly burdensome, onerous or materially adverse to TTEG's business, properties, assets, earnings or prospects or either before or after the Closing, to result in any material loss or liability.

(k)  There is no claim, legal action, suit, arbitration, governmental investigation, or other legal or administrative proceeding, nor any order, decree, judgment or judgment in progress, pending or in effect or to TTEG's knowledge threatened, against or relating to TTEG, its directors, officers or employees with respect to TTEG or its business or for which HPTI or its subsidiaries may have an indemnity obligation, it properties, assets or business or the transaction contemplated by this Agreement and TTEG does not know or have any reason to be aware of any basis for the same, including any basis for a claim of sexual harassment or racial or age discrimination, except as set forth in Schedule "D".

(l)  All taxes, including without limitation, income, property, special assessments, sales, use, franchise, intangibles, employees' income withholding and social security taxes, including employer's contribution, other than those for which a return or deposit is not yet due and have been, which are due and payable, and all interest and penalties thereon, unless disputed in good faith in proper proceedings and reserved for or set aside, have been paid in full and all tax returns required to be filed in connection therewith have been accurately prepared and timely filed and all deposits required by law to be made by TTEG with respect to employees' withholding and social security taxes have been made.  TTEG is not and has no reason to believe that it will be the subject of an audit by any taxing authority.  There is not now in force any extension of time with respect to the date when tax return was or is due to be filed, or any waiver or agreement by TTEG for the extension of time for the assessment of any tax and TTEG is not a "consenting corporation" within the meaning of Section 341(f)(1) of the Tax Code.

(m)  TTEG does not have any employee benefit, pension or profit sharing plans subject to ERISA and no such plans to which TTEG is obligated or required to make contributions.

(n)  None of TTEG's employees are represented by a collective bargaining agent or subject to a collective bargaining agreement and TTEG considers its relations with its employees as a whole to be good.  TTEG has disclosed to TTEG all employee salary, compensation and benefit agreements and no employee has a written employment agreement.

(o)  No person has guaranteed any obligation of TTEG, and TTEG has not guaranteed the obligation of any other person.

(p)  TTEG and its management have no reason to believe or expect and do not believe or expect that any event or events will occur which will result its business producing results of operations which are materially different from TTEG's recent operations.

Section 4.03.  Nature and survival of representation and warranties; Remedies.  All statements of fact contained in this Agreement, any certificate delivered pursuant to this Agreement, or any letter, document or other instrument delivered by or on behalf of HPTI or of TTEG and Acquisition, and their respective officers, pursuant to the terms of this Agreement shall be deemed representations and warranties made by HPTI or by TTEG and Acquisition, respectively, as the case may be, to each other under this Agreement.  For purposes of this Section 4.03 and Section 10.01 only, any party or other person seeking to enforce, or claiming the benefit of, any representation and warranty under this Agreement is called a Claimant, and any party or other person against whom a right is claimed is called a Defendant.  All representations and warranties of the parties shall survive the Closing and all inspections, examinations or audits on behalf of the parties; provided, however, that all representations and warranties shall terminate and expire, and be without further force and effect whatever from and after the one year from the date hereof, and none of TTEG, Acquisition or HPTI shall have any liability whatsoever on account of any inaccurate representation or warranty or for any breach of warranty, unless a Claimant shall, on or prior to the expiration of such one year period, serve written notice on a Defendant, with a copy to the Defendant's counsel, setting forth in reasonable detail the breach and any direct, incidental or consequential damages (including amounts) the Claimant may have suffered as a result of such breach.

ARTICLE V

COVENANTS OF THE PARTIES

Section 5.01.  Conduct of business prior to Closing.

(a) From the date hereof to the Closing, HPTI on a consolidated basis and TTEG, respectively, will each conduct its business and affairs only in the ordinary course and consistent with its prior practice and shall maintain, keep and preserve its assets and properties in good condition and repair and maintain insurance thereon in accordance with present practices, it will use its best efforts (i) to preserve its business and organization intact, (ii) to preserve the goodwill of suppliers, customers, distributors, landlords and others having business relations with it, and (iii) to cooperate and use reasonable efforts to obtain the consent of any landlord or other party to any lease or contract where the consent of such landlord or other party may be required by reason of the transactions contemplated hereby.

(b)  From the date hereof to the Closing, neither HPTI nor TTEG shall (i) dispose of any material assets, (ii) engage in any extraordinary transactions without the other party's prior approval, including but not limited to, directly or indirectly, soliciting, entertaining, encouraging inquiries or proposals or entering into negotiation or agreement with any third party for sale of assets, sale of equity securities or merger, consolidation or combination with any company, (iii) grant any salary or compensation increase to any employee, or (iv) make any commitment for capital expenditures, other than as disclosed to and approved by the other party.

Section 5.02.  Notice of changes in information.  Each party shall give the other party prompt written notice of any change in any of the information contained in their respective representations and warranties made in Article IV, or elsewhere in this Agreement, or the exhibits and schedules referred to herein or any written statements made or given in connection herewith which occurs prior to the Closing.

Section 5.03.  Notice of extraordinary changes.  Each party shall advise the other party with respect to any of the following outside of ordinary course of business or which are materially adverse:  (i) the entering into and cancellation or breach of contracts, agreements, licenses, commitments or other understandings or arrangements to which such party is a party, including, without limitation, purchase orders for any item of inventory and commitments for capital expenditures or improvements, or (ii) any changes in purchasing, pricing or selling policy, or, any changes in its sales, business or employee relations in general.

Section 5.04.  Action to preserve business and assets.   Notwithstanding anything contained in this Agreement to the contrary, neither party will take or fail to take any action that, is likely to give rise to a substantial penalty or a claim for damages by any third party against it, or is likely to result in losses, or is otherwise likely to prejudice in any material respect or unduly interfere with the conduct of its business and operations in the ordinary course consistent with prior practice, or is likely to result in a breach by HPTI of any of its representations, warranties or covenants contained in this Agreement (unless any such breach is first waived in writing by the other party).

Section 5.05.  Access to information and documents.  Upon reasonable notice and during regular business hours, each party will give to the other party(ies), its attorneys, accountants and other representatives full access to its personnel (subject to reasonable approval as to the time thereof) and all properties, documents, contracts, books and records and will furnish copies of such documents (certified by officers, if so requested) and with such information with respect to its business, operations, affairs and prospects (financial and otherwise) as it may from time to time request, and the party to whom the information is provided will not improperly disclose the same prior to the Closing.  Each party will afford the other party(ies) an opportunity to ask questions and receive answers thereto in furtherance of their due diligence.  Any such furnishing of such information or any investigation shall not affect that party's right to rely on the other party's representations and warranties made in this Agreement or in connection herewith or pursuant hereto.

Section 5.06.  Confidential treatment of information.  The provisions of Exhibit "D" shall be binding upon the parties.

Section 5.07.  Cooperation by the parties.  Each party hereto shall cooperate and shall take such further action as may be reasonably requested by any other party in order to carry out the provisions and purposes of this Agreement.

ARTICLE VII

FEDERAL INCOME TAX MATTERS

Section 7.01.  Responsibility for understanding tax consequences.  Each party shall be responsible for obtaining its or his own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party.

ARTICLE VIII

TERMINATION PRIOR TO CLOSING

Section 8.01.  Termination for default.  Either party may, by notice to the other party(ies) given in the manner provided below on or at any time prior to the Closing Date, terminate this Agreement if default shall be made by the party receiving notice in the observance or in the due and timely performance of any of any material covenants and agreements contained, made by or imposed upon it, in this Agreement, if the default has not been fully cured within fifteen days after receipt of the notice specifying the default.

Section 8.02.  Termination for failure to Close.  If the Closing does not occur on or before the date provided in Section 3.01, any party, if that party is not then in default in the observance or in the due or timely performance of any covenants and conditions under this Agreement, may at any time terminate this Agreement by giving written notice to the other parties; provided, that the parties may extend the Closing date in writing.

Section 8.03.  Termination for loss of bargain.  Either party may, at its option, terminate this Agreement prior to the Closing if it determines in good faith (i) in completion of its due diligence examination of the other party, it discovers the existence of a material, adverse variance from its due diligence examination prior to the date of this Agreement, or (ii) the business or assets of the other party have suffered any material damage, destruction or loss (whether or not covered by insurance), or (iii) the transaction is prevented by order of court or administrative action from consummating the transactions contemplated by this Agreement, whether or not the party against whom the court order or administrative action lies has exhausted its appeals.

ARTICLE IX

NOTICES

Section 9.01.  Procedure for giving notices.  Any and all notices or other communications required or permitted to be given under any of the provisions of this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered (excluding telephone facsimile and including receipted express courier and overnight delivery service) or mailed by first class certified U.S. mail, return receipt requested showing name of recipient, addressed to the proper party.

Section 9.02.  Addresses for notices. For purposes of sending notices under this Agreement, the addresses of the parties are as follows:

As to HPTI: Paul A. Henley, President

High Point Transport, Inc.

23730 County Road  675

Myakka City, Florida  34251

Copy to:Jackson L. Morris, Esq.

3116 West North A Street

Tampa, Florida 33609-1544

As to TTEG:Michael Rouse

and AcquisitionTurbine Truck Engine, Inc.

1301 International Speedway Boulevard

Deland, Florida 32724 

Copy to:Kimberly L. Graus, Esq.

4949 E State Road 64 # 141

Bradenton, Florida 34208-5530

Section 9.03.  Change of address.  A party may change its address for notices by sending a notice of such change to all other parties by the means provided in Section 9.01.

ARTICLE X

LEGAL AND OTHER COSTS

Section 10.01.  Party entitled to recover.  In the event that any party (the "Defaulting Party") defaults in his or its obligation under this Agreement and, as a result thereof, the other party (the "Non-Defaulting Party") seeks to legally enforce his or its rights hereunder against the Defaulting Party (whether in an action at law, in equity or in arbitration), then, in addition to all damages and other remedies to which the Non-Defaulting Party is entitled by reason of such default, the Defaulting Party shall promptly pay to the Non-Defaulting Party an amount equal to all costs and expenses (including reasonable attorneys' fees and expert witness fees) paid or incurred by the Non-Defaulting Party in connection with such enforcement.

Section 10.02.  Interest.  In the event the Non-Defaulting Party is entitled to receive an amount of money by reason of the Defaulting Party's default hereunder, then, in addition to such amount of money, the Defaulting Party shall promptly pay to the Non-Defaulting Party a sum equal to interest on such amount of money accruing at the rate of 1.5% per month during the period between the date such payment should have been made hereunder and the date of the actual payments thereof.

ARTICLE XI

MISCELLANEOUS

Section 11.01.  Effective date.  The effective date of this Agreement shall for all purposes be the date set forth in first paragraph hereof notwithstanding a later actual date of execution by any individual party.

Section 11.02.  Entire agreement.  This writing constitutes the entire agreement of the parties with respect to the subject matter hereof, superseding all prior agreements, understandings, representations and warranties.

Section 11.03.  Waivers.  No waiver of any provision, requirement, obligation, condition, breach or default hereunder, or consent to any departure from the provisions hereof, shall be considered valid unless in writing and signed by the party giving such waiver, and no such waiver shall be deemed a waiver of any subsequent breach or default of the same or similar nature.

Section 11.04.  Amendments.  This Agreement may not be modified, amended or terminated except by a written agreement specifically referring to this Agreement signed by all of the parties hereto and amendment, modification or alteration of, addition to or termination of this Agreement or any provision of this Agreement shall not be effective unless it is made in writing and signed by the parties.

Section 11.05.  Construction.  This Agreement has been negotiated by the parties, section by section, and no provision hereof shall be construed more strictly against one party than against the another party by reason of such party having drafted such provision.  The order in which the provisions of this Agreement appear are solely for convenience of organization; and later appearing provisions shall not be construed to control earlier appearing provisions.

Section 11.06.  Invalidity.  It is the intent of the parties that each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable law.  If any provision hereof shall be prohibited, invalid, illegal or unenforceable, in any respect, under applicable law, such provision shall be ineffective to the extent of such prohibition, invalidity or non enforceability only, without invalidating the remainder of such provision or the remaining provisions of this Agreement; and, there shall be substituted in place of such prohibited, invalid, illegal or unenforceable provision a provision which nearly as practicable carries out the intent of the parties with respect thereto and which is not prohibited and is valid, legal and enforceable.

Section 11.07.  Multiple counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be an original and, taken together, shall be deemed one and the same instrument.

Section 11.08.  Assignment, parties and binding effect.  This Agreement, and the duties and obligations of any party shall not be assigned without the prior written consent of the other party(ies).  This Agreement shall benefit solely the named parties and no other person shall claim, directly or indirectly, benefit hereunder, express or implied, as a third-party beneficiary, or otherwise.  Wherever in this Agreement a party is named or referred to, the successors (including heirs and personal representative of individual parties) and permitted assigns of such party shall be deemed to be included, and all agreements, promises, covenants and stipulations in this Agreement shall be binding upon and inure to the benefit of their respective successors and permitted assigns.

Section 11.09.  Survival of representations and warranties.  The representations and warranties made herein shall survive the execution and delivery of this Agreement and full performance hereunder of the obligations of the representing and warranting party, subject to the provisions of Section 4.03.

Section 11.10.  Jurisdiction and venue.  Any action or proceeding for enforcement of this Agreement and the instruments and documents executed and delivered in connection herewith which is determined by a court of competent jurisdiction not, as a matter of law, to be subject to  arbitration as provided in Section 11.10 or which seeks injunctive relief shall be brought and enforced in the courts of the State of Florida in and for Pinellas County, Florida, and the parties irrevocably submit to the jurisdiction of each such court in respect of any such action or proceeding.

Section 11.11.  Applicable law.  This Agreement and all amendments thereof shall be governed by and construed in accordance with the law of the State of Florida applicable to contracts made and to be performed therein (not including the choice of law rules thereof).

IN WITNESS WHEREOF, the parties hereto have caused this agreement to be signed by their respective officers thereunto duly authorized and their respective corporate seals to be hereunto affixed, the day and year first above written.

[Corporate Seal]Turbine Truck Engines, Inc.

Attest:By:  /s/ Michael Rouse 

       Michael Rouse, President

/s/ Phyllis J. Rouse

Phyllis J. Rouse, Secretary

 [Corporate Seal]High Point Acquisition, Inc.

(following incorporation)

Attest:By:  _____________________________ 

       Michael Rouse, President

_____________________________

Phyllis J. Rouse, Secretary

[Corporate Seal]High Point Transport, Inc.

Attest:By:  /s/ Paul A. Henley 

       Paul A. Henley, President

/s/ Jackson L. Morris

Jackson L. Morris, Secretary

 

EXHIBIT "A"

OFFICERS' CERTIFICATE

Pursuant to Section 3.0__ of the Merger and Exchange Agreement identified within

The undersigned, ____________, President, and __________, Treasurer, of ________________, a ___________ corporation (the "Corporation"), hereby each certifies that he is familiar with the Merger and Exchange Agreement, dated ________________, 2008 (the "Agreement"), between the Corporation and ____________ and, to the best of his knowledge, based on reasonable investigation:

(a)  All representations and warranties of the _____________ (as defined in the Agreement) contained in the Agreement, and in all Exhibits and Schedules attached thereto containing information delivered by ___________, were true and correct in all material respects when made and when deemed to have been made and are true and correct at the date hereof, except for changes in the ordinary course of business between the date of the Agreement, in conformity with the covenants and agreements contained in the Agreement.

(b)  All covenants, agreements and obligations required by the terms of the Agreement to be performed by _______________ at or before the Closing have been duly and properly performed in all material respects.

(c)  Since the date of the Agreement there have not occurred any material adverse change in the condition or prospects (financial or otherwise), business, properties or assets of the ____________________.

IN WITNESS WHEREOF, each of the undersigned has executed this certificate this ________________, 2008.

________________________________

_______________, President

________________________________

_______________, Treasurer

 

EXHIBIT "B"

SECRETARY'S CERTIFICATE

Pursuant to Section 3.0__ of the Merger and Exchange Agreement identified within.

I, ___________, the duly elected, qualified and acting Secretary of _________________, a corporation duly organized, existing and in good standing under the laws of ____________, (the "Corporation") do hereby certify that:

(i)  The following is a true and complete copy of Resolution of the Board of Directors of the Corporation taken and adopted on ________________, 2008, approving the Merger and Exchange Agreement dated ________________, 2008, by and among the Corporation and _____________, and that said Resolution has not been rescinded, revoked or modified and is in full force and effect at the date hereof:

(ii)  The persons whose names, titles and signatures appear below are each the duly elected, qualified and acting officers of the Corporation, hold on the date hereof the offices set forth opposite their respective names and the signatures appearing opposite said names are the genuine signatures of said persons:

	
Name
	
Title
	
Signature

	 	
President
	 
	 	
Secretary
	 
	 	
Treasurer
	 

(iii)  I am authorized by the Corporation to make the within certifications.

IN WITNESS WHEREOF, I have executed this Certificate on ________________, 2008.

(CORPORATE SEAL)

________________________________

_________________, Secretary

I, ______________, President of _______________, a __________ corporation, hereby certify that ______________ is  duly elected, qualified and acting Secretary of ______________ and that the signature appearing above is his genuine signature.

IN WITNESS WHEREOF, I have executed this Certificate on ________________, 2008.

________________________________

__________________, President

Exhibit "C"

CLOSING MEMORANDUM

The undersigned parties to that certain Merger and Exchange Agreement dated ________________, 2008, ("Agreement") do hereby certify one to the other that;

1.  The Closing of the Agreement was completed, as contemplated by the Agreement, on ________________, 2008 at ____ o'clock __.m.

2.  All conditions to each of the parties Closing the Agreement have been satisfied and, to the extent not specifically satisfied, have been waived by the party entitled to waive the conditions; except, the following conditions, if any, are waived only for the purpose of Closing of the transaction contemplated by the Agreement, and are required to be satisfied after the Closing by the party required to satisfy such condition:

[insert any such conditions and name of the party required to satisfy it]

3.  Capitalized terms herein have the meaning assigned to them in the Agreement.

For the purposes herein set forth, the parties have executed this Memorandum at the date and time written above.

[Corporate Seal]Turbine Truck Engines, Inc.

Attest:By:  _____________________________ 

       Michael Rouse, President

_____________________________

______________, Secretary

 [Corporate Seal]High Point Acquisition, Inc.

(following incorporation)

Attest:By:  _____________________________ 

       Michael Rouse, President

_____________________________

_________________, Secretary

[Corporate Seal]High Point Transport, Inc.

Attest:By:  _____________________________ 

       Paul A. Henley, President

_____________________________

Jackson L. Morris, Secretary

 

EXHIBIT "D"

Treatment of Confidential Information

The mutual objective of the parties under the Merger and Exchange Agreement to which this Exhibit "D" is attached and incorporated by reference is to provide appropriate protection for Confidential Information while exchanging Confidential Information (defined below) for the parties' mutual benefit and maintaining their ability to conduct their respective business activities.  Each party agrees the following terms apply when a party (the "Discloser") discloses information to the other (the "Recipient") under this Agreement.  The consideration for this Agreement is the disclosures which a party makes to the other in reliance on this Agreement.

1.  Each party agrees and acknowledges that many of the other's Confidential Information (as described below) is considered to be trade secrets, confidential, proprietary and not readily accessible to the public.  Each party believes that its own Confidential Information represents a legitimate, valuable and protectible interest and gives it a competitive advantage, which otherwise would be lost if its Confidential Information was improperly disclosed or revealed.

2.  The Recipient shall not, at any time without the express written permission of the Discloser, disclose the Discloser's Confidential Information directly or indirectly to any person or entity, except the Recipient may disclose the Confidential Information to the Recipient's Employees, Contractors and Agents (as defined below) during the term of this Agreement if such Employees, Contractors and Agents have a need to know the Confidential Information in order to complete any purpose for which the Confidential Information is disclosed.  The Recipient shall have entered into non-disclosure agreements with such Employees, Contractors, and Agents having obligations of confidentiality as strict as those herein prior to disclosure to such employees, contracts, and agents to assure against unauthorized use or disclosure. The Recipient shall not use or threaten to use Confidential Information in any way that is inconsistent with the provisions of this Agreement or contrary to the instructions or interests of the Discloser.  The Recipient shall not, directly or indirectly, intentionally or negligently allow or assist others in using the Discloser's Confidential Information in any way inconsistent with the provisions of this Agreement or contrary to the instructions or interests of the Discloser.  The Recipient agrees not to use Confidential information for its own benefit, unless specifically authorized so to do in writing by the Disclose.

3.  Each party recognizes and acknowledges that the improper disclosure or use of the Discloser's Confidential Information would cause irreparable injury to the Discloser by jeopardizing, compromising, and perhaps eliminating the competitive advance the Discloser holds or may hold because of the existence and secrecy of the Confidential Information or would provide an unjustly obtained advantage to the Recipient.  Thus, each party acknowledges and agrees that monetary damages shall not be a sufficient remedy for the Discloser in the event of any breach or threatened breach of this Agreement.  Therefore, each party stipulates and warrants that in the event a Recipient breaches, or reasonably threatens to breach, this Agreement, the Discloser party shall be entitled, without waiving any other rights or remedies in law or in equity, to such injunctive and/or other equitable relief, without (a) having to show or prove irreparable harm as may be deemed proper by a court of competent jurisdiction and (b) the requirement imposed by the Court for posting bond which requirement is hereby specifically and knowingly waived. 

4.  The Recipient agrees to use the same care and discretion to avoid improper disclosure, publication or dissemination of the Disclosure's Confidential Information as it uses with its own similar information that it does not wish to disclose, publish or disseminate, but in no event less than reasonable and prudent care.

5.  As used in this Agreement the "Confidential Information" means all tangible and intangible information that is disclosed by the Discloser to the Recipient (either orally, or by visual inspection, and/or in writing), including but not limited to (a) currently available and planned products and services; (b) information regarding distributors, suppliers, developers, contractors and funding sources; (c) financial and management information; (d) product information; (e) research and/or development information; (f) information pertaining to actual and/or potential customers, suppliers, and/or strategic alliances; (g) information of a confidential or private nature relating to Employees and Agents (as defined below); (h) financial data and information; (i) business plans; (j) marketing materials and/or strategies; (k) legal matters, including current and/or potential contracts and/or litigation; (l) in-house e-mail, Internet, security, and/or other systems; (m) information received by the Discloser from third parties that the Discloser is obligated to treat as confidential; and/or (n) any and all information regarding the foregoing that the Discloser discloses to the Recipient.  Failure to include a confidentiality notice on any materials disclosed to the Recipient shall not give rise to inference that the information disclosed is not confidential.  Confidential Information disclosed to the Recipient by any parent corporation, subsidiary, agent and/or affiliated entities of the Discloser or by persons that owe the obligation of confidentiality to the Discloser, whether by contract or otherwise, is also covered by this Agreement.

"Employees and Agents" shall mean the employees, agents, representatives, consultants and independent contractors affiliated with each of us separately.

6.  Confidential Information shall not include any information which the Recipient can, by clear and convincing evidence, establish:

(a)  Is or subsequently becomes publicly available without the Recipient's breach of any obligation owed to the Discloser under this Agreement;

(b)  Was rightfully in the possession of or known to the Recipient prior to the Discloser's disclosure of such information to the Recipient, as evidenced by documentation on record at the time of disclosure;

(c)  Became known to the Recipient from a source independent from the Discloser and such independent source did not breach an obligation of confidentiality owed to the Discloser;

(d)  Was independently developed by the Recipient without any breach of this Agreement; or

(e)  Was originally disclosed as Confidential Information hereunder but which the Discloser thereafter authorizes the Recipient to use and/or disclose, and such authorization is in writing which is signed by authorized representatives of the parties;

(f)  Becomes available to the Receiving Party by wholly lawful inspection or analysis of products offered for sale; or

(g)  Is transmitted by a party after receiving written notification from the other party that it does not desire to receive any further Confidential Information.

The Receiving Party may disclose Confidential Information nevertheless pursuant to a valid order issued by a court or government agency, provided that the Receiving Party provides the Disclosing Party (i)  prior written notice of such obligation; and (ii) the opportunity to oppose such disclosure or obtain a protective order.

7.  The Recipient shall notify the Discloser immediately upon discovery of any unauthorized disclosure of the Confidential Information, or any other breach of this Agreement by the Recipient and/or the Recipient's Employees and/or Agents, and will cooperate with the Discloser in every reasonable way at the Recipient's sole cost and expense to prevent its further unauthorized disclosure and/or further breach of this Agreement.

8.  Neither this Agreement nor any disclosure of Confidential Information hereunder grants the Recipient any rights or license under any trademark, copyright or patent now or hereafter owned or controlled by the Discloser.

9.  The Recipient acknowledges and agrees that its limited right to evaluate the Discloser's Confidential Information shall immediately expire at the completion of the purpose for which the Confidential Information is delivered, if this Agreement is not terminated earlier and then, in that event, the Recipient's right to evaluate such Confidential Information shall immediately terminate.  The Recipient therefore agrees to return any and all Confidential Information of the Discloser that is in a tangible form, including all originals, copies reproductions, and summaries thereof, to the Discloser within five business days of the date this Agreement expires or is terminated, whichever occurs first, or upon the Discloser's request, and to also completely erase and destroy any and all copies of all portions of any and all software comprising the Confidential Information in its possession and/or under its responsibility or control which may have been loaded onto the computers of the Recipient and/or its Employees and Agents.

10.  This Agreement shall continue from the date last written below until terminated by either party by giving thirty days' written notice to the other party of its intent to terminate this Agreement.  Information disclosed pursuant to this Agreement will be subject to the terms of this Agreement for five years following the termination of this Agreement.

11.  The terms of confidentiality under this Agreement shall not be construed to limit either party's right to independently develop or acquire products without use of the other party's Confidential Information. The Disclosing Party acknowledges that the Receiving Party may currently or in the future be developing information internally, or receiving information from other parties, that is similar to the Confidential Information. Accordingly, nothing in this Agreement prohibit the Receiving Party from developing or having developed for it products, concepts, systems or techniques that are similar to or compete with the products, concepts, systems or techniques contemplated by or embodied in the Confidential Information provided that the Receiving Party does not violate any of its obligations under this Agreement in connection with such development.  Further, either party shall be free to use for any purpose the "residuals," provided that such party shall not use in any manner information that is considered Confidential Information under this Agreement and shall maintain the confidentiality of the Confidential Information as provided herein.  The term "residuals" means ideas, concepts, know-how or techniques that may be generated, developed or conceived by the Receiving Party in connection with reviewing the Confidential Information and in no circumstance shall "residuals" be deemed to include Confidential Information.  Neither party shall have any obligation to limit or restrict the assignment of such persons or to pay royalties for any work resulting from the use of residuals.

12.  The Receiving Party shall not remove, overprint or deface any notice of confidentiality, copyright, trademark, logo, legend, or other notices of ownership or confidentiality from any originals or copies of Confidential Information it obtains from the Disclosing Party.

13.  CONFIDENTIAL INFORMATION IS PROVIDED "AS IS" WITH ALL FAULTS. IN NO EVENT SHALL THE DISCLOSING PARTY BE LIABLE FOR THE ACCURACY OR COMPLETENESS OF THE CONFIDENTIAL INFORMATION.  None of the Confidential Information disclosed by the parties constitutes any representation, warranty, assurance, guarantee or inducement by either party to the other with respect to the infringement of trademarks, patents, copyrights; any right of privacy; or any rights of third persons.

14.  The parties acknowledge that the Confidential Information disclosed by each of them under this Agreement may be subject to export controls under the laws of the United States. Each party shall comply with such laws and agrees not to knowingly export, re-export or transfer Confidential Information of the other party without first obtaining all required United States or other governmental authorizations or licenses.

15.  The parties hereto are independent contractors. Neither this Agreement nor any right granted hereunder shall be assignable or transferable by operation of law or otherwise.  Any such purposed assignment shall be void.

[End of Confidentially Agreement - Exhibit "D"]

INDEX TO SCHEDULES

MERGER AND EXCHANGE AGREEMENT

Dated January ____, 2008ex10-7.htm

    
      
        

      
Exhibit 10.7

     

    
      WASTE
CONNECTIONS, INC.

       

      2002
SENIOR MANAGEMENT

       

      EQUITY
INCENTIVE PLAN

       

      
        	
                1.

              	
                PURPOSE.

              

      

       

      The
purpose of the Plan is to provide a means for the Company and any Subsidiary,
through the grant of Incentive Stock Options and Nonqualified Stock Options to
selected Officers and Directors, to attract and retain persons of ability as
Officers and Directors, and to motivate such persons to exert their best efforts
on behalf of the Company and any Subsidiary.

       

      
        	
                2.

              	
                DEFINITIONS.

              

      

       

      (a)           “Board” means the Company’s
Board of Directors.

       

      (b)           “Change in Control”
means:

       

      (i)           any
reorganization, liquidation or consolidation of the Company, or any merger or
other business combination of the Company with any other corporation, other than
any such merger or other combination that would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into voting securities of
the surviving entity) at least fifty percent (50%) of the total voting power
represented by the voting securities of the Company or such surviving entity
outstanding immediately after such transaction;

       

      (ii)           any
sale, lease, exchange or other transfer (in one transaction or a series of
related transactions) of all, or substantially all, of the assets of the
Company; or

       

      (iii)           any
“person” (as defined in Section 13(d) and 14(d) of the Exchange Act) shall
become the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of fifty percent (50%) or more of the Company’s
outstanding voting securities (except that for purposes of this definition,
“person” shall not include any person (or any person that controls, is
controlled by or is under common control with such person) who as of the date of
an Option Agreement owns ten percent (10%) or more of the total voting power
represented by the outstanding voting securities of the Company, or a trustee or
other fiduciary holding securities under any employee benefit plan of the
Company, or a corporation that is owned directly or indirectly by the
stockholders of the Company in substantially the same percentage as their
ownership of the Company).

       

      A
transaction shall not constitute a Change in Control if its sole purpose is to
change the state of the Company’s incorporation or to create a holding company
that will be owned in substantially the same proportions by the persons who held
the Company’s securities immediately before such transaction.

       

      (c)           “Code” means the Internal
Revenue Code of 1986, as amended from time to time.

       

      (d)           “Committee” means a committee
appointed by the Board in accordance with section 4(c) of the
Plan.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      (e)           “Company” means Waste
Connections, Inc., a Delaware corporation.

       

      (f)           “Continuous Status as an Officer or
Director” means the employment or relationship as a Director is not
interrupted or terminated.  An interruption or termination shall not
be deemed to occur if a person remains employed with the Company following
cessation of his or her status as an Officer or Director.  The Board,
in its sole discretion, may determine whether Continuous Status as an Officer or
Director shall be considered interrupted in the case of (i) any leave of
absence approved by the Board, including sick leave, military leave or any other
personal leave, or (ii) transfers between locations of the Company or
between the Company and a Subsidiary or their successors.

       

      (g)           “Director” means a member of
the Company’s Board.

       

      (h)           “Disability” means permanent
and total disability within the meaning of section 422(c)(6) of the
Code.

       

      (i)           “Employee” means any person,
including Officers and Directors, employed by the Company or any Subsidiary of
the Company.  Neither service as a Director nor receipt of a
director’s fee from the Company shall be sufficient to constitute “employment”
by the Company.

       

      (j)           “Exchange Act” means the
Securities Exchange Act of 1934, as amended.

       

      (k)           “Fair Market Value” means, as
of any date, the value of Stock determined as follows:

       

      (i)           If
the Stock is listed on any established stock exchange or a national market
system, its Fair Market Value shall be the closing sales price for the Stock (or
the closing bid, if no sales were reported) as quoted on such exchange or system
on the market trading day of the date of determination, or, if the date of
determination is not a market trading day, the last market trading day prior to
the date of determination, in each case as reported in The Wall Street Journal
or such other sources as the Board deems reliable;

       

      (ii)           If
the Stock is regularly quoted by a recognized securities dealer but selling
prices are not reported, its Fair Market Value shall be the mean between the
high bid and low asked prices for the Stock on the market trading day of the
date of determination, or, if the date of determination is not a market trading
day, the last market trading day prior to the date of determination;
or

       

      (iii)           In
absence of an established market for the Stock, the Fair Market Value thereof
shall be determined in good faith by the Board.

       

      (l)           “Incentive Stock Options”
means Options that are intended to qualify as incentive stock options within the
meaning of section 422 of the Code, subject to the approval requirements of
Section 9.

       

      (m)           “Non-Employee Director” means
a Director who satisfies the requirements established from time to time by the
Securities and Exchange Commission for non-employee directors under
Rule 16b-3.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      (n)           “Nonqualified Stock Options”
means Options that are not intended to qualify as Incentive Stock
Options.

       

      (o)           “Officer” means any officer of
the Company or a Subsidiary.

       

      (p)           “Option Agreement” means a
written agreement between the Company and an Optionee evidencing the terms and
conditions of an individual Option grant.  Each Option Agreement shall
be subject to the terms and conditions of the Plan.

       

      (q)           “Optionee” means an Officer or
Director who holds an outstanding Option.

       

      (r)           “Options” means, collectively,
Incentive Stock Options and Nonqualified Stock Options.

       

      (s)           “Outside Director” means a
member of the Board who satisfies the requirements established from time to time
for outside directors under section 162(m) of the Code.

       

      (t)           “Plan” means this Waste
Connections, Inc. 2002 Senior Management Equity Incentive Plan.

       

      (u)           “Rule 16b-3” means
Rule 16b-3 under the Exchange Act or any successor to Rule 16b-3, as
amended from time to time.

       

      (v)           “Securities Act” means the
Securities Act of 1933, as amended.

       

      (w)           “Stock” means the Common Stock
of the Company.

       

      (x)           “Subsidiary” means any
corporation that at the time an Option is granted under the Plan qualifies as a
subsidiary of the Company under the definition of “subsidiary corporation”
contained in section 424(f) of the Code, or any similar provision hereafter
enacted.

       

      (y)           “Ten Percent Shareholder”
means an individual who, at the time of an Option grant, owns stock possessing
more than ten percent of the total combined voting power of all classes of stock
of the Company.

       

      
        	
                3.

              	
                SHARES
      SUBJECT TO THE PLAN.

              

      

       

      Subject
to adjustment as provided in section 6 for changes in Stock, the Stock that may
be sold pursuant to Options shall not exceed in the aggregate 6,750,000
shares.  Such number of shares shall be reserved for Options (subject
to adjustment as provided in section 6).  If any Option for any reason
terminates, expires or is cancelled without having been exercised in full, the
Stock not purchased under such Option shall revert to and again become available
for issuance under the Plan.

       

      
        	
                4.

              	
                ADMINISTRATION.

              

      

       

      (a)           The
Plan shall be administered by the Board or, at the election of the Board, by a
Committee, as provided in subsection (b), or, as to certain functions, by an
Officer of the Company, as provided in subsection (c).  Subject to the
Plan, the Board shall:

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

                     
(i)          determine
and designate from time to time those Officers and Directors to whom Options are
to be granted, and whether the Options granted will be Incentive Stock Options
or Nonqualified Stock Options;

       

      (ii)         authorize
the granting of Incentive Stock Options, Nonqualified Stock Options or
combinations thereof;

       

      (iii)       determine
the number of shares subject to each Option and the Exercise Price of each
Option;

       

      (iv)        determine
the time or times when and the manner in which each Option shall be exercisable
and the duration of the exercise period;

       

      (v)         
construe and interpret the Plan and the Options, and establish, amend and revoke
rules and regulations for the Plan’s administration, and correct any defect,
omission or inconsistency in the Plan or any Option Agreement in a manner and to
the extent it deems necessary or expedient to make the Plan fully
effective;

       

      (vi)        determine
the Fair Market Value;

       

      (vii)       approve
forms of agreements for use under the Plan; and

       

      (viii)      make
such other determinations as it may be authorized to make in the Plan and as it
may deem necessary and desirable for the purposes of the Plan.

       

      (b)           Notwithstanding
the foregoing, however:

       

      (i)          no
Option shall be granted after the expiration of ten years from the effective
date of the Plan specified in section 9 below;

       

      (ii)         the
aggregate Fair Market Value (determined as of the date the Option is
granted) of the Stock subject to Options that become exercisable for the
first time by any Officer during any calendar year under all Incentive Stock
Options of the Company and its Subsidiaries shall not exceed
$100,000;

       

      (iii)       no
Officer or Director who is not an Employee of the Company or a Subsidiary shall
be entitled to receive Incentive Stock Options under the Plan;

       

      (iv)        subject
to adjustment as provided in Section 6(b), at any such time as Company is a
“publicly held corporation” within the meaning of Code Section 162(m), no
Officer or prospective Officer shall be granted Options within any fiscal year
of the Company to purchase more than 1,125,000 shares of Stock.  An
Option that is cancelled in the same fiscal year of the Company in which it was
granted shall continue to be counted against the grant limit for such
period.

       

      (c)           The
Board may delegate administration of the Plan to one or more Committees of the
Board.  Each such Committee shall consist of one or more members
appointed by the Board.  Subject to the foregoing, the Board may from
time to time increase the size of any such Committee and appoint additional
members, remove members (with or without cause) and appoint new members in
substitution therefor, or fill vacancies, however caused.  If the
Board delegates
administration of the Plan to a Committee, the Committee shall have the same
powers theretofore possessed by the Board with respect to the administration of
the Plan (and references in this Plan to the Board shall apply to the
Committee), subject, however, to such resolutions, not inconsistent with the
provisions of the Plan, as may be adopted from time to time by the
Board.  The Board may abolish any such Committee at any time and
revest in the Board the previously delegated administration of the
Plan.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      (d)           The
Board may delegate administration of sections 4(a)(i) through 4(a)(iii) above to
the Chief Executive Officer of the Company; provided, however, that such officer
may not issue Options to purchase more than 6,750,000 shares of Stock and may
not designate himself or herself or someone who is not an officer as an
Optionee.

       

      (e)           Notwithstanding
anything in this section 4 to the contrary, so long as a class of the Company’s
equity securities is registered under section 12 of the Exchange Act, all
decisions to grant Options to an Officer or Director shall be made by a
Committee comprised solely of two or more Directors, each of whom is both a
Non-Employee Director and an Outside Director, or shall be made in another
manner that satisfies the requirements of Rule 16b-3 and section 162(m) of the
Code, so that (i) transactions between the Company and any Officer or
Director relating to such Options may be exempt from section 16(b) of the
Exchange Act, and (ii) the grant or exercise of Options is not considered
“applicable employee remuneration” as defined in section 162(m) of the
Code.

       

      
        	
                5.

              	
                TERMS
      AND CONDITIONS OF OPTIONS.

              

      

       

      Each
Option granted shall be evidenced by an Option Agreement in substantially the
form attached hereto as Annex A or Annex B or such other form as may be approved
by the Board.  Each Option Agreement shall include the following terms
and conditions and such other terms and conditions as the Board may deem
appropriate:

       

      (a)           OPTION TERM.  Each
Option Agreement shall specify the term for which the Option thereunder is
granted and shall provide that such Option shall expire at the end of such
term.  The Board may extend such term; provided that, in the case of
an Incentive Stock Option, such extension shall not in any way disqualify the
Option as an Incentive Stock Option.  The term of any Option,
including any such extensions, shall not exceed ten years from the date of
grant; provided that, in the case of an Incentive Stock Option granted to a Ten
Percent Shareholder, such term, including extensions, shall not exceed five
years from the date of grant.

       

      (b)           EXERCISE
PRICE.  Each Option Agreement shall specify the exercise price
per share, as determined by the Board at the time the Option is granted;
provided that the exercise price of an Incentive Stock Option shall be not less
than the Fair Market Value, or if granted to a Ten Percent Shareholder, 110
percent of the Fair Market Value, of one share of Stock on the date the Option
is granted, as such Fair Market Value is determined by the Board.

       

      (c)           VESTING.  Each
Option Agreement shall specify when it is exercisable.  The total
number of shares of Stock subject to an Option may, but need not, be allotted in
periodic installments (which may, but need not be, equal).  An Option
Agreement may provide that from time to time during each of such installment
periods, the Option may become exercisable (“vest”) with respect to some or
all of the shares allotted to that period, and may be exercised with respect to
some or all of the shares allotted to such period or any prior period as to
which the Option shall have become vested but shall not have been fully
exercised.  An Option may be subject to such other terms and
conditions on the time or times when it may be exercised (which may be based on
performance or other criteria) as the Board deems appropriate.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      (d)           PAYMENT OF PURCHASE PRICE ON
EXERCISE.  Each Option Agreement shall provide that the
purchase price of the shares as to which such Option may be exercised shall be
paid to the Company at the time of exercise either (i) in cash, or
(ii) in the absolute discretion of the Board (which discretion may be
exercised in a particular case without regard to any other case or cases), at
the time of the grant or thereafter, (A) by the withholding of shares of
Stock issuable on exercise of the Option or the delivery to the Company of other
Stock owned by the Optionee, provided in either case that the Optionee has owned
shares of Stock equal in number to the shares so withheld for a period
sufficient to avoid a charge to the Company’s reported earnings,
(B) according to a deferred payment or other arrangement (which may
include, without limiting the generality of the foregoing, the use of
Stock) with the person to whom the Option is granted or to whom the Option
is transferred pursuant to section 5(e), (C) by delivery of a properly executed
notice together with irrevocable instructions to a broker providing for the
assignment to the Company of the proceeds of a sale or loan with respect to some
or all of the Stock being acquired upon the exercise of the 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 (a “cashless exercise”), or (D) in any other form or
combination of forms of legal consideration that may be acceptable to the
Board.

       

      In the
case of any deferred payment arrangement, interest shall be payable at least
annually and shall be charged at the minimum rate necessary to avoid the
treatment as interest, under any applicable provisions of the Code, of any
amounts other than amounts stated to be interest under the deferred payment
arrangement, or if less, the maximum rate permitted by law.

       

      (e)           NONTRANSFERABILITY.  An
Option shall not be sold, assigned, transferred, pledged, hypothecated or
otherwise disposed of by the Optionee during his or her lifetime, whether by
operation of law or otherwise, other than by will or the laws of descent and
distribution applicable to the Optionee, and shall not be made subject to
execution, attachment or similar process; provided that the Board may in its
discretion at the time of approval of the grant of an Option or thereafter
permit an Optionee to transfer an Option to a trust or other entity established
by the Optionee for estate planning purposes, and may permit further
transferability or impose conditions or limitations on any permitted
transferability.  Otherwise, during the lifetime of an Optionee, an
Option shall be exercisable only by such Optionee.

       

      (f)           CONDITIONS
ON EXERCISE OF OPTIONS AND ISSUANCE OF SHARES.

       

      (i)           SECURITIES LAW
COMPLIANCE.  The Plan, the grant and exercise of Options
thereunder and the obligation of the Company to sell and deliver shares on
exercise of Options shall be subject to all applicable Federal and state laws,
rules and regulations and to such approvals by any government or regulatory
agency as may be required, in the opinion of the Board.  Options may
not be exercised if the issuance of shares of Stock upon exercise would
constitute a violation of any applicable federal, state or foreign securities
laws or other law or regulations or the requirements of any stock exchange or
market system upon which the Stock may then be listed.  In addition,
no Option may be exercised unless (a) a registration statement under the
Securities Act shall at the time of exercise of the Option be in effect with
respect to the shares issuable upon exercise of the Option or (b) in the
opinion of legal counsel to the Company, the shares issuable upon exercise of
the Option may be issued in accordance with the terms of an applicable exemption
from the registration requirements of the Securities Act.  The
inability of the Company to obtain from any regulatory body having jurisdiction
the authority, if any, deemed by the Company’s legal 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.  As a
condition to the exercise of any Option, the Company may require the Optionee to
satisfy any qualifications that may be necessary or appropriate to evidence
compliance with any applicable law or regulation and to make any representation
or warranty with respect thereto as may be requested by the
Company.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      (ii)           INVESTMENT
REPRESENTATION.  The Company may require any Optionee, or any
person to whom an Option is transferred, as a condition of exercising such
Option, to (A) give written assurances satisfactory to the Company as to
the Optionee’s knowledge and experience in financial and business matters or to
employ a purchaser representative reasonably satisfactory to the Company who is
knowledgeable and experienced in financial and business matters, and that he or
she is capable of evaluating, alone or together with the purchaser
representative, the merits and risks of exercising the Option, and (B) to
give written assurances satisfactory to the Company stating that such person is
acquiring the Stock subject to the Option for such person’s own account and not
with any present intention of selling or otherwise distributing the
Stock.  The foregoing requirements, and any assurances given pursuant
to such requirements, shall not apply if (1) the issuance of the Stock on
the exercise of the Option has been registered under a then currently effective
registration statement under the Securities Act, or (2) counsel for the
Company determines as to any particular requirement that such requirement need
not be met in the circumstances under the then applicable securities
laws.  The Company may, with the advice of its counsel, place such
legends on stock certificates issued under the Plan as the Company deems
necessary or appropriate to comply with applicable securities laws, including,
but not limited to, legends restricting the transfer of the Stock.

       

      (g)           EXERCISE AFTER DEATH OF
OPTIONEE.  If an Optionee dies (i) while an Officer or
Director, or (ii) within three months after termination of the Optionee’s
Continuous Status as an Officer or Director because of his or her Disability or
retirement, his or her Options may be exercised (to the extent that the Optionee
was entitled to do so on the date of death or termination) by the
Optionee’s estate or by a person who shall have acquired the right to exercise
the Options by bequest or inheritance, but only within the period ending on the
earlier of (A) one year after the Optionee’s death (or such shorter or
longer period specified in the Option Agreement, which period shall not be less
than six months), or (B) the expiration date specified in the Option
Agreement.  If, after the Optionee’s death, the Optionee’s estate or
the person who acquired the right to exercise the Optionee’s Options does not
exercise the Options within the time specified herein, the Options shall
terminate and the shares covered by such Options shall revert to and again
become available for issuance under the Plan.

       

      (h)           EXERCISE AFTER TERMINATION OF
OPTIONEE’S CONTINUOUS STATUS AS AN OFFICER OR DIRECTOR AS A RESULT OF DISABILITY
OR RETIREMENT.  If an Optionee’s Continuous Status as an
Officer or Director terminates as a result of the Optionee’s Disability or
retirement, and the Optionee does not die within the following three months, the
Optionee may exercise his or her Options (to the extent that the Optionee was
entitled to exercise them on the date of termination), but only within the
period ending on the earliest of (i) three months after retirement, in the
case of Incentive Stock Options, (ii) six months after Disability, in the case
of Incentive Options, (iii) six months after Disability or retirement, in
the case of Nonqualified Stock Options (or such longer period specified in the
Option Agreement), or (iv) the expiration of the term set forth in the
Option Agreement.  If, after termination, the Optionee does not
exercise his or her Options within the time specified herein, the Options shall
terminate, and the shares covered by such Options shall revert to and again
become available for issuance under the Plan.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      (i)           NO EXERCISE AFTER TERMINATION OF
OPTIONEE’S CONTINUOUS STATUS AS AN OFFICER OR DIRECTOR OTHER THAN AS A RESULT OF
DEATH, DISABILITY OR RETIREMENT.  If an Optionee’s Continuous
Status as an Officer or Director terminates other than as a result of the
Optionee’s death, Disability or retirement, all right of the Optionee to
exercise his or her Options shall terminate on the date of termination of such
Continuous Status as an Officer or Director.  The Options shall
terminate on such termination date, and the shares covered by such Options shall
revert to and again become available for issuance under the Plan.

       

      (j)           EXCEPTIONS.  Notwithstanding
subsections (g), (h) and (i) , the Board shall have the authority to extend
the expiration date of any outstanding Option in circumstances in which it deems
such action to be appropriate, provided that no such extension shall extend the
term of an Option beyond the expiration date of the term of such Option as set
forth in the Option Agreement.

       

      (k)           INCENTIVE STOCK
OPTIONS.  Each Option Agreement that provides for the grant of
an Incentive Stock Option shall contain such terms and conditions as the Board
determines to be necessary or desirable to qualify such Option as an Incentive
Stock Option within the meaning of section 422 of the Code.

       

      (l)           COMPANY’S REPURCHASE
RIGHT.  Each Option Agreement may, but is not required to,
include provisions whereby the Company shall have the right to repurchase any
and all shares acquired by an Optionee on exercise of any Option granted under
the Plan, at such price and on such other terms and conditions as the Board may
approve and as may be set forth in the Option Agreement.  Such right
shall be exercisable by the Company after termination of an Optionee’s
Continuous Status as an Officer or Director, whenever such termination may occur
and whether such termination is voluntary or involuntary, with cause or without
cause, without regard to the reason therefor, if any.

       

      
        	
                6.

              	
                ADJUSTMENTS
      ON CERTAIN EVENTS.

              

      

       

      (a)           CHANGES IN
CONTROL.  Each Option Agreement shall provide that in the event
that the Company is subject to a Change in Control:

       

      (i)           immediately
prior thereto all outstanding Options shall be automatically accelerated and
become immediately exercisable as to all of the shares of Stock covered thereby,
notwithstanding anything to the contrary in the Plan or the Option Agreement;
and

       

      (ii)           the
Board may, in its discretion, and on such terms and conditions as it deems
appropriate, by resolution adopted by the Board or by the terms of any agreement
of sale, merger or consolidation giving rise to the Change in Control, provide
that, without Optionee’s consent,
the shares subject to an Option may (A) continue as an immediately exercisable
Option of the Company (if the Company is the surviving corporation), (B) be
assumed as immediately exercisable Options by the surviving corporation or its
parent, (C) be substituted by immediately exercisable options granted by the
surviving corporation or its parent with substantially the same terms for the
Option, or (D) be cancelled after payment to Optionee of an amount in cash or
other consideration delivered to stockholders of the Company in the transaction
resulting in a Change in Control of the Company equal to the total number of
shares subject to the Option multiplied by the remainder of (1) the amount per
share to be received by holders of the Company’s Stock in the sale, merger or
consolidation, minus (2) the exercise price per share of the shares subject to
the Option.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      (b)           ADJUSTMENT OF
SHARES.  The exercise price shall be subject to adjustment from
time to time in the event that the Company shall (i) pay a dividend in, or make
a distribution of, shares of Stock (or securities convertible into, exchangeable
for or otherwise entitling a holder thereof to receive Stock), or evidences of
indebtedness or other property or assets, on outstanding Stock, (ii) subdivide
the outstanding shares of Stock into a greater number of shares, (iii) combine
the outstanding shares of Stock into a smaller number of shares or (iv) issue
any shares of its capital stock in a reclassification of the Stock (including
any such reclassification in connection with a consolidation or merger in which
the Company is the resulting corporation).  An adjustment made
pursuant to this section 6(b) shall, in the case of a dividend or distribution,
be made as of the record date therefor and, in the case of a subdivision,
combination or reclassification, be made as of the effective date
thereof.  In any such case, the total number of shares and the number
of shares or other units of such other securities purchasable on exercise of the
Option immediately prior thereto shall be adjusted so that the Optionee shall be
entitled to receive at the same aggregate purchase price the number of shares of
Stock and the number of shares or other units of such other securities that the
Optionee would have owned or would have been entitled to receive immediately
following the occurrence of any of the events described above had the Option
been exercised in full immediately prior to the occurrence (or applicable record
date) of such event.  If, as a result of any adjustment pursuant to
this section 6(b), the Optionee shall become entitled to receive shares of two
or more classes or series of securities of the Company, the Board shall
equitably determine the allocation of the adjusted exercise price between or
among shares or other units of such classes or series and shall notify the
Optionee of such allocation.

       

      (c)           If
at any time, as a result of an adjustment made pursuant to this section 6, the
Optionee shall become entitled to receive any shares of capital stock or shares
or other units of other securities or property or assets other than Stock, the
number of such other shares or units so receivable on any exercise of the Option
shall be subject to adjustment from time to time in a manner and on terms as
nearly equivalent as practicable to the provisions with respect to the shares of
Stock in this section 6, and the provisions of this Agreement with respect to
the shares of Stock shall apply, with necessary changes in points of detail, on
like terms to any such other shares or units.

       

      (d)           All
calculations under this section 6 shall be, in the case of exercise price,
rounded up to the nearest cent or, in the case of shares, rounded down to the
nearest one-hundredth of a share, but in no event shall the Company be obligated
to issue any fractional share on any exercise of the Option.

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        
          	
                  7.

                	
                  AMENDMENT
      OF THE PLAN.

                

        

         

      

      (a)           The
Board may from time to time amend or modify the Plan for any reason; provided
that the Company will seek shareholder approval for any change if and to the
extent required by applicable law, regulation or rule.

       

      (b)           It
is expressly contemplated that the Board may amend the Plan in any respect the
Board deems necessary or advisable to provide Optionees with the maximum
benefits provided or to be provided under the Code and the regulations
promulgated thereunder relating to Incentive Stock Options or to cause the Plan
or Incentive Stock Options to comply therewith.

       

      (c)           Rights
and obligations under any Option granted before amendment of the Plan shall not
be altered or impaired by any amendment, unless the Optionee consents in
writing.

       

      
        	
                8.

              	
                TERMINATION
      OR SUSPENSION OF THE PLAN.

              

      

       

      The Board
may suspend or terminate the Plan at any time for any reason.  Unless
sooner terminated, the Plan shall terminate on the day prior to the tenth
anniversary of the earlier of the date the Plan is adopted by the Board or the
date the Plan is approved by the Company’s shareholders.  No Options
may be granted under the Plan while the Plan is suspended or after it is
terminated.  Rights and obligations under any Option granted while the
Plan is in effect shall not be altered or impaired by suspension or termination
of the Plan, except with the written consent of the Optionee.

       

      
        	
                9.

              	
                EFFECTIVE
      DATE OF THE PLAN.

              

      

       

      The
effective date of the Plan shall be determined by the Board.  Except
as provided in the next sentence, Incentive Stock Options shall not be issued
under the Plan unless at the time of such issuance the Code requires approval of
the Plan by the shareholders of the Company holding not less than the majority
of the shares present and voting at an annual or special meeting or by written
consent specified in the Code and the Plan is so
approved.  Notwithstanding the foregoing, Incentive Stock Options may
be granted by the Board as provided herein within twelve months of the expected
date on which such meeting is to be held or such written consents solicited
subject to such subsequent shareholder approval.  Options may be
issued to an Officer or Director at any time, but shall not be exercisable prior
to shareholder approval of the Plan pursuant to Rule 4350(i) of the National
Association of Securities Dealers, Inc.’s Qualification Requirements for NASDAQ
Stock Market Securities; provided, however, that Options may be issued to any
person not previously employed by the Company and may be exercisable at any
time, as an inducement essential to the individual’s entering into an employment
contract with the Company as an Officer.

       

      
        	
                10.

              	
                WITHHOLDING
      TAXES.

              

      

       

      Whenever
the Company proposes or is required to issue or transfer shares of Stock under
the Plan, the Company shall have the right to require the grantee to remit to
the Company an amount sufficient to satisfy any Federal, state or local
withholding tax requirements prior to the delivery of any certificate or
certificates for such shares.  Alternatively, the Company may issue or
transfer such shares net of the number of shares sufficient to satisfy the
minimum withholding tax requirements.  For withholding tax purposes,
the shares of Stock shall be valued on the date the withholding obligation is
incurred.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

      
        
          	
                  11.

                	
                  NO
      RIGHTS AS SHAREHOLDER.

                

        

         

      

      No
Optionee, as such, shall have any rights as a shareholder of the
Company.

       

      
        	
                12.

              	
                NO
      RIGHTS TO CONTINUED EMPLOYMENT OR
ENGAGEMENT.

              

      

       

      The Plan
and any Options granted under the Plan shall not confer on any Optionee any
right with respect to continuation of employment by the Company or any
Subsidiary or engagement as a Director, nor shall they interfere in any way with
the right of the Company or any Subsidiary that employs or engages an Optionee
to terminate the Optionee’s employment or engagement at any time.

       

      
        	
                13.

              	
                COMPLIANCE
      WITH SECTION 16 OF THE EXCHANGE
ACT.

              

      

       

      So long
as a class of the Company’s equity securities is registered under section 12 of
the Exchange Act, the Company intends that the Plan shall comply in all respects
with Rule 16b-3.  If during such time any provision of this Plan
is found not to be in compliance with Rule 16b-3, that provision shall be
deemed to have been amended or deleted as and to the extent necessary to comply
with Rule 16b-3, and the remaining provisions of the Plan shall continue in
full force and effect without change.  All transactions under the Plan
during such time shall be executed in accordance with the requirements of
section 16 of the Exchange Act and the applicable regulations promulgated
thereunder.

       

      
        	
                14.

              	
                INDEMNIFICATION.

              

      

       

      In
addition to such other rights of indemnification as they may have as Directors
or Officers, Directors and Officers 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.

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

       ANNEX A

       

      

       

      INCENTIVE STOCK OPTION
AGREEMENT

       

      __________________,
Optionee:

       

      Waste
Connections, Inc. (the “Company”), pursuant to its 2002 Senior Management Equity
Incentive Plan (the “Plan”), has this ______________, 20___, granted to you, the
optionee named above, an option to purchase shares of the common stock of the
Company (“Stock”).  This option is intended to qualify as an
“incentive stock option” within the meaning of section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”).

       

      The grant
under this Incentive Stock Option Agreement (the “Agreement”) is in
connection with and in furtherance of the Company’s compensatory benefit plan
for participation of the Company’s Officers and
Directors.  Capitalized terms used and not otherwise defined herein
shall have the meanings ascribed to them in the Plan.  The option
granted hereunder shall be subject to and governed by the following terms and
conditions:

       

      1.           The
total number of shares of Stock subject to this option is ______________
shares.  Subject to the limitations herein and in the Plan, this
option shall become exercisable (vest) as follows:

       

      
        	
                Number
      of Shares

                   (Installment)   

                 

              	
                Date
      of Earliest Exercise

                        (Vesting)        

                 

              
	 
      	 
      
	 
      	 
      

      

      The
installments provided for are cumulative.  Each such installment that
becomes exercisable shall remain exercisable until expiration or earlier
termination of the option.

       

      2.           (a)           The
exercise price of this option is $_____________________ per share, being not
less than 100 percent of [110 percent if Optionee is a Ten Percent Shareholder]
the Fair Market Value of the Stock on the date of grant of this
option.

                                  
(b)           Payment of
the exercise price per share is due in full in cash (including check) on
exercise of all or any part of each installment that has become exercisable by
you; provided that, if at the time of exercise the Stock is publicly traded and
quoted regularly in the Wall
Street Journal, payment of the exercise price, to the extent permitted by
the Company and applicable statutes and regulations, may be made by having the
Company withhold shares of Stock issuable on such exercise, by delivering shares
of Stock already owned by you, by cashless exercise described in
Section 5(d) of the Plan and complying with its provisions, or by
delivering a combination of such forms of payment.  Such Stock
(i) shall be valued at its Fair Market Value at the close of business on
the date of exercise, (ii) if originally acquired from the Company, must
have been held for the period required to avoid a charge to the Company’s
reported earnings, and (iii) must be owned free and clear of any liens,
claims, encumbrances or security interests.

       

      
        
          
          

        

        
          Annex A:
Page 1

          
            

          

        

        
          
          

        

      

       

       

      3.           (a)           Subject
to the provisions of this Agreement, you may elect at any time during your
Continuous Status as an Officer or Director to exercise this option as to any
part or all of the shares subject to this option at any time during the term
hereof, including, without limitation, a time prior to the date of earliest
exercise (vesting) stated in paragraph 1 hereof; provided
that:

       

      (i)           a
partial exercise of this option shall be deemed to cover first vested shares and
then unvested shares next vesting;

       

      (ii)           any
shares so purchased that shall not have vested as of the date of exercise shall
be subject to the purchase option in favor of the Company as described in the
Early Exercise Stock Purchase Agreement available from the Company;

       

      (iii)           you
shall enter into an Early Exercise Stock Purchase Agreement in the form
available from the Company with a vesting schedule that will result in the same
vesting as if no early exercise had occurred; and

       

      (iv)           you
acknowledge that the aggregate Fair Market Value (determined as of the date
options are granted) of any Stock subject to Incentive Stock Options
granted to you by the Company or any parent or Subsidiary that become
exercisable for the first time during any calendar year may not exceed $100,000,
and agree that to the extent that the aggregate Fair Market Value of Stock with
respect to which such Incentive Stock Options are exercisable by you for the
first time in a calendar year exceeds $100,000, the options or portions thereof
in excess of such limit shall be treated (according to the order in which they
were granted) as Nonqualified Stock Options.

       

      (b)           The
election provided in this paragraph 3 to purchase shares on the exercise of this
option prior to the vesting dates shall cease on termination of your Continuous
Status as an Officer or Director and may not be exercised from or after the date
thereof.

       

      4.           This
option may not be exercised for any number of shares that would require the
issuance of anything other than whole shares.

       

      5.           Notwithstanding
anything to the contrary herein, this option may not be exercised if the
issuance of shares of Stock upon exercise would constitute a violation of any
applicable federal, state or foreign securities laws or other law or regulations
or the requirements of any stock exchange or market system upon which the Stock
may then be listed.  In addition, this option may not be exercised
unless (a) a registration statement under the Securities Act shall at the
time of exercise of the option be in effect with respect to the shares issuable
upon exercise of the option or (b) in the opinion of legal counsel to the
Company, the shares issuable upon exercise of the option may be issued in
accordance with the terms of an applicable exemption from the registration
requirements of the Securities Act.  The inability of the Company to
obtain from any regulatory body having jurisdiction the authority, if any,
deemed by the Company’s legal 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.  As a condition to the
exercise of any option, the Company may require the Optionee to satisfy any
qualifications that may be necessary or appropriate,
to evidence compliance with any applicable law or regulation and to make any
representation or warranty with respect thereto as may be requested by the
Company.

       

      
        
          
          

        

        
          Annex A:
Page 2

          
            

          

        

        
          
          

        

      

       

      6.           The
term of this option commences on the date hereof and, unless sooner terminated
as set forth below or in the Plan, terminates on ___________________ (which date
shall be no more than [ten years] [five years if Optionee is a Ten Percent
Shareholder] from the date this option is granted).  In no event may
this option be exercised on or after the date on which it
terminates.  This option shall terminate prior to the expiration of
its term on the day after the termination of your Continuous Status as an
Officer or Director for any reason or for no reason, unless:

       

      (a)           such
termination is due to your retirement or Disability and you do not die within
the three months after such termination, in which event the option shall
terminate on the earliest of the termination date set forth above, six months,
in the case of Disability, or three months in the case of retirement, after such
termination of your Continuous Status as an Officer or Director; or

       

      (b)           such
termination is due to your death, or such termination is due to your retirement
or Disability and you die within three months after such termination, in which
event the option shall terminate on the earlier of the termination date set
forth above or the first anniversary of your death.

       

      Notwithstanding
any of the foregoing provisions to the contrary however, this option may be
exercised following termination of your Continuous Status as an Officer or
Director only as to that number of shares as to which it shall have been
exercisable under paragraph 1 of this Agreement on the date of such
termination.

       

      7.           (a)           This
option may be exercised, to the extent specified above, by delivering a notice
of exercise (in a form designated by the Company) together with the
exercise price to the Secretary of the Company, or to such other person as the
Company may designate, during regular business hours, together with such
additional documents as the Company may then require pursuant to subsection
5(f) of the Plan.

       

      (b)           By
exercising this option you agree that:

       

      (i)           the
Company may require you to enter into an arrangement providing for the cash
payment by you to the Company of any tax withholding obligation of the Company
arising by reason of (A) the exercise of this option, (B) the lapse of
any substantial risk of forfeiture to which the shares are subject at the time
of exercise, or (C) the disposition of shares acquired on such
exercise;

       

      (ii)           you
will notify the Company in writing within fifteen days after the date of any
disposition of any of the shares of the Stock issued on exercise of this option
that occurs within two years after the date of this option grant or within one
year after such shares of Stock are issued on exercise of this option;
and

       

      (iii)           the
Company (or a representative of the underwriters) may, in connection with
an underwritten registration of the offering of any securities of the Company
under the Exchange Act, require that you not sell or otherwise transfer or
dispose of any shares of Stock or other securities of the Company during such
period (not to exceed 180 days) following
the effective date (the “Effective Date”) of the registration statement of
the Company filed under the Exchange Act as may be requested by the Company or
the representative of the underwriters.  For purposes of this
restriction, you will be deemed to own securities which (A) are owned
directly or indirectly by you, including securities held for your benefit by
nominees, custodians, brokers or pledgees, (B) may be acquired by you
within sixty days of the Effective Date, (C) are owned directly or
indirectly, by or for your brothers or sisters (whether by whole or half blood),
spouse, ancestors and lineal descendants, or (D) are owned, directly or
indirectly, by or for a corporation, partnership, estate or trust of which you
are a shareholder, partner or beneficiary, but only to the extent of your
proportionate interest therein as a shareholder, partner or beneficiary
thereof.  You further agree that the Company may impose stop-transfer
instructions with respect to securities subject to the foregoing restrictions
until the end of such period.

       

      
        
          
          

        

        
          Annex A:
Page 3

          
            

          

        

        
          
          

        

      

       

      8.           (a)           In
the event that the Company is subject to a Change in Control:

       

      (i)           immediately
prior thereto this option shall be automatically accelerated and become
immediately exercisable as to all of the shares of Stock covered hereby,
notwithstanding anything to the contrary in the Plan or this Agreement;
and

       

      (ii)           the
Board may, in its discretion, and on such terms and conditions as it deems
appropriate, by resolution adopted by the Board or by the terms of any agreement
of sale, merger or consolidation giving rise to the Change in Control, provide
that, without Optionee’s consent, the shares subject to this option may
(A) continue as an immediately exercisable option of the Company (if the
Company is the surviving corporation), (B) be assumed as immediately
exercisable options by the surviving corporation or its parent, (C) be
substituted by immediately exercisable options granted by the surviving
corporation or its parent with substantially the same terms for this option, or
(D) be cancelled after payment to Optionee of an amount in cash or other
consideration delivered to stockholders of the Company in the transaction
resulting in a Change in Control of the Company equal to the total number of
shares subject to this option multiplied by the remainder of (1) the amount
per share to be received by holders of the Company’s Stock in the sale, merger
or consolidation, minus (2) the exercise price per share of the shares
subject to this option.

       

      (b)           The
exercise price shall be subject to adjustment from time to time in the event
that the Company shall (i) pay a dividend in, or make a distribution of, shares
of Stock (or securities convertible into, exchangeable for or otherwise
entitling a holder thereof to receive Stock), or evidences of indebtedness or
other property or assets, on outstanding Stock, (ii) subdivide the outstanding
shares of Stock into a greater number of shares, (iii) combine the outstanding
shares of Stock into a smaller number of shares or (iv) issue any shares of its
capital stock in a reclassification of the Stock (including any such
reclassification in connection with a consolidation or merger in which the
Company is the resulting corporation).  An adjustment made pursuant to
this section 8(b) shall, in the case of a dividend or distribution, be made as
of the record date therefor and, in the case of a subdivision, combination or
reclassification, be made as of the effective date thereof.  In any
such case, the total number of shares and the number of shares or other units of
such other securities purchasable on exercise of the option immediately prior
thereto shall be adjusted so that the Optionee shall be entitled to receive at
the same aggregate purchase price the number of shares of Stock and the number
of shares or other units of such other securities that the Optionee would have
owned or would have been entitled to receive immediately following the
occurrence of any of the events described above had the option
been exercised in full immediately prior to the occurrence (or applicable record
date) of such event.  If, as a result of any adjustment pursuant to
this section 8(b), the Optionee shall become entitled to receive shares of two
or more classes or series of securities of the Company, the Board shall
equitably determine the allocation of the adjusted exercise price between or
among shares or other units of such classes or series and shall notify the
Optionee of such allocation.

       

      
        
          
          

        

        
          Annex A:
Page 4

          
            

          

        

        
          
          

        

      

       

      (c)           If
at any time, as a result of an adjustment made pursuant to this section 8,
the Optionee shall become entitled to receive any shares of capital stock or
shares or other units of other securities or property or assets other than
Stock, the number of such other shares or units so receivable on any exercise of
the option shall be subject to adjustment from time to time in a manner and on
terms as nearly equivalent as practicable to the provisions with respect to the
shares of Stock in this section 8, and the provisions of this Agreement
with respect to the shares of Stock shall apply, with necessary changes in
points of detail, on like terms to any such other shares or units.

       

      (d)           All
calculations under this section 8 shall be, in the case of exercise price,
rounded up to the nearest cent or, in the case of shares subject to this option,
rounded down to the nearest one-hundredth of a share, but in no event shall the
Company be obligated to issue any fractional share on any exercise of the
option.

       

      9.           This
option is generally not transferable, except by will or by the laws of descent
and distribution, unless the Company expressly permits a transfer, such as to a
trust or other entity for estate planning purposes.  Unless the
Company approves such a transfer, this option is exercisable during your life
only by you.

       

      10.           This
Agreement is not an employment contract and nothing in this Agreement shall be
deemed to create in any way whatsoever any obligation on your part to continue
in the employ of the Company, or of the Company to continue your employment with
the Company.

       

      11.           Any
notice or other communication to be given under or in connection with this
Agreement or the Plan shall be given in writing and shall be deemed effectively
given on receipt or, in the case of notices from the Company to you, five days
after deposit in the United States mail, postage prepaid, addressed to you at
the address specified below or at such other address as you may hereafter
designate by notice to the Company.

       

      12.           This
Agreement is subject to all provisions of the Plan, a copy of which is attached
hereto and made a part of this Agreement, including, without limitation, the
provisions of section 5 of the Plan relating to option provisions, and is
further subject to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the
Plan.  In the event of any conflict between the provisions of this
Agreement and those of the Plan, the provisions of the Plan shall
control.

       

      
        
          
          

        

        
          Annex A:
Page 5

          
            

          

        

        
          
          

        

      

       

      
        	 	 	  

                 

                 

              	 
	 	 	     	 
	 	 	     WASTE
      CONNECTIONS, INC.	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	                     By	 
	 	 	 	 Duly
      authorized on behalf
	 	 	 	 of the Board
      of Directors

      

      

      ATTACHMENTS:

       

      Waste
Connections, Inc. 2002 Senior Management Equity Incentive Plan

       

      Notice of
Exercise

       

      
        
          
          

        

        
          Annex A:
Page 6

          
            

          

        

        
          
          

        

      

       

      The
undersigned:

         

         

         

      

       

      (a)           Acknowledges
receipt of the foregoing Incentive Stock Option Agreement and the attachments
referenced therein and understands that all rights and liabilities with respect
to the option granted under the Agreement are set forth in such Agreement and
the Plan; and

       

      (b)           Acknowledges
that as of the date of grant set forth in such Agreement, the Agreement sets
forth the entire understanding between the undersigned optionee and the Company
and its Subsidiaries regarding the acquisition of Stock pursuant to the option
and supersedes all prior oral and written agreements on that subject with the
exception of (i) the options, if any, previously granted and delivered to
the undersigned under stock option plans of the Company, and (ii) the
following agreements only:

       

                          

      
        	NONE:  	 _____________	 	 
	 	 (Initial)	 	 
	 	 	 	 
	OTHER:	 _________________________	 	 
	 	 _________________________	 	 
	 	 _________________________	 	 
	 	 	 	 
	 	 	 	 
	 	 	 OPTIONEE	 
	 	 	 	 

      

      
        	 	 	 Address:   	 
	 	 	 	 
	 	 	 	 

      

       

      
        
          
          

        

        
          Annex A:
Page 7

          
            

          

        

        
          
          

        

      

                            

      
      

       

       

       

      NOTICE OF
EXERCISE

      
        	Waste Connections,
      Inc.	 	 	 
	35 Iron Point
      Circle, Suite 200	 	 	 Date of
      Exercise: __________
	Folsom,
      CA  95630 	 	 	 

      

       

      Ladies
and Gentlemen:

       

      This
constitutes notice under my Incentive Stock Option Agreement that I elect to
purchase the number of shares of Common Stock (“Stock”) of Waste
Connections, Inc. (the “Company”) for the price set forth
below.

      
      

       

      
        	Option Agreement
      dated:	_______________________	 	 
	 	 	 	 
	Number of shares
      as	 	 	 
	to which option
      is	 	 	 
	exercised: 	_______________________	 	 
	 	 	 	 
	Certificates to
      be	 	 	 
	issued in name
      of:	_______________________	 	 
	 	 	 	 
	Total exercise
      price:	$______________________	 	 
	 	 	 	 
	Cash payment
      delivered	 	 	 
	herewith: 	$______________________	 	 
	 	 	 	 
	Value of __________
      shares	 	 	 
	of _________________
      common	 	 	 
	stock delivered
      herewith:1 	$______________________	 	 

      

       

      By this
exercise, I agree (i) to provide such additional documents as you may
require pursuant to the terms of the Waste Connections, Inc. 2002 Senior
Management Equity Incentive Plan or the Option Agreement, (ii) to provide
for the payment by me to you (in the manner designated by you) of your
withholding obligation, if any, relating to the exercise of this option, and
(iii) if this exercise relates to an incentive stock option, to notify you
in writing within fifteen days after the date of any disposition of any of the
shares of Stock issued on exercise of this option that occurs within two years
after the date of grant of this option or within one year after such shares of
Stock are issued on exercise of this option.

       

       

                                             

      
        1           Shares
must meet the public trading requirements set forth in the Option
Agreement.  Shares must be valued in accordance with the terms of the
option being exercised, must have been owned for the minimum period required in
the Option Agreement, and must be owned free and clear of any liens, claims,
encumbrances or security interests.  Certificates must be endorsed or
accompanied by an executed assignment separate from certificate.

         

        
          
            
            

          

          
            Annex A:
Page 8

            
              

            

          

          
            
            

          

        

      

       

      
        I
hereby represent, warrant and agree with respect to the shares of Stock of the
Company that I am acquiring by this exercise of the option (the
“Shares”) that, if required by the Company (or a representative of the
underwriters) in connection with an underwritten registration of the
offering of any securities of the Company under the Securities Act, I will not
sell or otherwise transfer or dispose of any shares of Stock or other securities
of the Company during such period (not to exceed 180 days) following the
effective date of the registration statement of the Company filed
under the Securities Act (the “Effective Date”) as may be requested by the
Company or the representative of the underwriters.  For purposes of
this restriction, I will be deemed to own securities that (i) are owned
directly or indirectly by me, including securities held for my benefit by
nominees, custodians, brokers or pledgees; (ii) may be acquired by me
within sixty days of the Effective Date; (iii) are owned, directly or
indirectly, by or for my brothers or sisters (whether by whole or half blood),
spouse, ancestors and lineal descendants; or (iv) are owned, directly or
indirectly, by or for a corporation, partnership, estate or trust of which I am
a shareholder, partner or beneficiary, but only to the extent of my
proportionate interest therein as a shareholder, partner or beneficiary
thereof.  I further agree that the Company may impose stop-transfer
instructions with respect to securities subject to this restriction until the
end of such period. 

         

        
          	 	Very
      truly yours,
	 	 
	 	 
	 	 

        

         

      

       

      
        
          
          

        

        
          Annex A:
Page 9

          
            

          

        

        
          
          

        

      

       

      

       Annex B

       

      NONQUALIFIED STOCK OPTION
AGREEMENT

       

      ____________,
Optionee:

       

      Waste
Connections, Inc. (the “Company”), pursuant to its 2002 Senior Management Equity
Incentive Plan (the “Plan”), has this __________, 20__, granted to you, the
optionee named above, an option to purchase shares of the common stock of the
Company (“Stock”).  This option is not intended to qualify and will
not be treated as an “incentive stock option” within the meaning of section 422
of the Internal Revenue Code of 1986, as amended (the “Code”).

       

      The grant
under this Nonqualified Stock Option Agreement (the “Agreement”) is in
connection with and in furtherance of the Company’s compensatory benefit plan
for participation of the Company’s Officers and
Directors.  Capitalized terms used and not otherwise defined herein
shall have the meanings ascribed to them in the Plan.  The option
granted hereunder shall be subject to and governed by the following terms and
conditions:

       

      1.           The
total number of shares of Stock subject to this option is _______________
shares.  Subject to the limitations herein and in the Plan, this
option shall become exercisable (vest) as follows:

       

      
        	
                Number
      of Shares

                   (Installment)   

                 

              	
                Date
      of Earliest Exercise

                        (Vesting)        

                 

              
	 
      	 
      
	 
      	 
      

      

      The
installments provided for are cumulative.  Each such installment that
becomes exercisable shall remain exercisable until expiration or earlier
termination of the option.

       

      2.           (a)           The
exercise price of this option is $______________ per share.

       

      (b)           Payment
of the exercise price per share is due in full in cash (including check) on
exercise of all or any part of each installment that has become exercisable by
you; provided that, if at the time of exercise the Stock is publicly traded and
quoted regularly in the Wall
Street Journal, payment of the exercise price, to the extent permitted by
the Company and applicable statutes and regulations, may be made by having the
Company withhold shares of Stock issuable on such exercise, by delivering shares
of Stock already owned by you, by cashless exercise described in
Section 5(d) of the Plan and complying with its provisions, or by
delivering a combination of such forms of payment.  Such Stock
(i) shall be valued at its Fair Market Value at the close of business on
the date of exercise, (ii) if originally acquired from the Company, must
have been held for the period required to avoid a charge to the Company’s
reported earnings, and (iii) must be owned free and clear of any liens,
claims, encumbrances or security interests.

       

      
        
          
          

        

        
          Annex B:
Page 1

          
            

          

        

        
          
          
               
3.           (a)           Subject
to the provisions of this Agreement, you may elect at any time during your
Continuous Status as an Officer or Director to exercise this option as to any
part or all of the shares subject to this option at any time during the term
hereof, including, without limitation, a time prior to the date of earliest
exercise (vesting) stated in paragraph 1 hereof; provided
that:

      

       

      (i)           a
partial exercise of this option shall be deemed to cover first vested shares and
then unvested shares next vesting;

       

      (ii)           any
shares so purchased that shall not have vested as of the date of exercise shall
be subject to the purchase option in favor of the Company as described in the
Early Exercise Stock Purchase Agreement available from the Company;
and

       

      (iii)           you
shall enter into an Early Exercise Stock Purchase Agreement in the form
available from the Company with a vesting schedule that will result in the same
vesting as if no early exercise had occurred.

       

      (b)           The
election provided in this paragraph 3 to purchase shares on the exercise of this
option prior to the vesting dates shall cease on termination of your Continuous
Status as an Officer or Director and may not be exercised from or after the date
thereof.

       

      4.           This
option may not be exercised for any number of shares that would require the
issuance of anything other than whole shares.

       

      5.           Notwithstanding
anything to the contrary herein, this option may not be exercised if the
issuance of shares of Stock upon exercise would constitute a violation of any
applicable federal, state or foreign securities laws or other law or regulations
or the requirements of any stock exchange or market system upon which the Stock
may then be listed.  In addition, this option may not be exercised
unless (a) a registration statement under the Securities Act shall at the
time of exercise of the option be in effect with respect to the shares issuable
upon exercise of the option or (b) in the opinion of legal counsel to the
Company, the shares issuable upon exercise of the option may be issued in
accordance with the terms of an applicable exemption from the registration
requirements of the Securities Act.  The inability of the Company to
obtain from any regulatory body having jurisdiction the authority, if any,
deemed by the Company’s legal 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.  As a condition to the
exercise of any option, the Company may require the Optionee to satisfy any
qualifications that may be necessary or appropriate, to evidence compliance with
any applicable law or regulation and to make any representation or warranty with
respect thereto as may be requested by the Company.

       

      6.           The
term of this option commences on the date hereof and, unless sooner terminated
as set forth below or in the Plan, terminates on ________________ (which date
shall be no more than ten years from the date this option is
granted).  In no event may this option be exercised on or after the
date on which it terminates.  This option shall terminate prior to the
expiration of its term the date of termination of your Continuous Status as an
Officer or Director for any reason or for no reason, unless:

       

      (a)           such
termination is due to your retirement or Disability and you do not die within
the three months after such termination, in which event the option shall
terminate on the earlier of the termination date set forth above or six months
after such termination of your Continuous Status as an Officer or Director; or

         

        
          
            
            

          

          
            Annex B:
Page 2

            
              

            

          

          
            
            

          

        

      

       

      (b)           such
termination is due to your death, or such termination is due to your retirement
or Disability and you die within three months after such termination, in which
event the option shall terminate on the earlier of the termination date set
forth above or the first anniversary of your death.

       

      Notwithstanding
any of the foregoing provisions to the contrary however, this option may be
exercised following termination of your Continuous Status as an Officer or
Director only as to that number of shares as to which it shall have been
exercisable under paragraph 1 of this Agreement on the date of such
termination.

       

      7.           (a)           This
option may be exercised, to the extent specified above, by delivering a notice
of exercise (in a form designated by the Company) together with the
exercise price to the Secretary of the Company, or to such other person as the
Company may designate, during regular business hours, together with such
additional documents as the Company may then require pursuant to subsection
5(f) of the Plan.

       

      (b)           By
exercising this option you agree that the Company (or a representative of the
underwriters) may, in connection with an underwritten registration of the
offering of any securities of the Company under the Exchange Act, require that
you not sell or otherwise transfer or dispose of any shares of Stock or other
securities of the Company during such period (not to exceed 180
days) following the effective date (the “Effective Date”) of the
registration statement of the Company filed under the Exchange Act as may be
requested by the Company or the representative of the
underwriters.  For purposes of this restriction, you will be deemed to
own securities which (A) are owned directly or indirectly by you, including
securities held for your benefit by nominees, custodians, brokers or pledgees,
(B) may be acquired by you within sixty days of the Effective Date,
(C) are owned directly or indirectly, by or for your brothers or sisters
(whether by whole or half blood), spouse, ancestors and lineal descendants, or
(D) are owned, directly or indirectly, by or for a corporation,
partnership, estate or trust of which you are a shareholder, partner or
beneficiary, but only to the extent of your proportionate interest therein as a
shareholder, partner or beneficiary thereof.  You further agree that
the Company may impose stop-transfer instructions with respect to securities
subject to the foregoing restrictions until the end of such period.

       

      8.           (a)           In
the event that the Company is subject to a Change in Control:

       

      (i)           immediately
prior thereto this option shall be automatically accelerated and become
immediately exercisable as to all of the shares of Stock covered hereby,
notwithstanding anything to the contrary in the Plan or this Agreement;
and

       

      (ii)           the
Board may, in its discretion, and on such terms and conditions as it deems
appropriate, by resolution adopted by the Board or by the terms of any agreement
of sale, merger or consolidation giving rise to the Change in Control, provide
that, without Optionee’s consent, the shares subject to this option may
(A) continue as an immediately exercisable option of the Company (if the
Company is the surviving corporation), (B) be assumed as immediately
exercisable options by the surviving corporation or its parent, (C) be
substituted by immediately exercisable options granted by the surviving
corporation or its parent with substantially the same terms for this option, or
(D) be cancelled after payment to Optionee of an amount in cash or other
consideration delivered to stockholders of the Company in the transaction
resulting in a Change in Control of the Company equal to the total number of
shares subject to this option multiplied by the remainder of (1) the amount
per share to be received by holders of the Company’s Stock in the sale, merger
or consolidation, minus (2) the exercise price per share of the shares
subject to this option.

       

      
        
          
          

        

        
          Annex B:
Page 3

          
            

          

        

        
          
          

        

      

       

      (b)           The
exercise price shall be subject to adjustment from time to time in the event
that the Company shall (i) pay a dividend in, or make a distribution of, shares
of Stock (or securities convertible into, exchangeable for or otherwise
entitling a holder thereof to receive Stock), or evidences of indebtedness or
other property or assets, on outstanding Stock, (ii) subdivide the outstanding
shares of Stock into a greater number of shares, (iii) combine the outstanding
shares of Stock into a smaller number of shares or (iv) issue any shares of its
capital stock in a reclassification of the Stock (including any such
reclassification in connection with a consolidation or merger in which the
Company is the resulting corporation).  An adjustment made pursuant to
this section 8(b) shall, in the case of a dividend or distribution, be made as
of the record date therefor and, in the case of a subdivision, combination or
reclassification, be made as of the effective date thereof.  In any
such case, the total number of shares and the number of shares or other units of
such other securities purchasable on exercise of the option immediately prior
thereto shall be adjusted so that the Optionee shall be entitled to receive at
the same aggregate purchase price the number of shares of Stock and the number
of shares or other units of such other securities that the Optionee would have
owned or would have been entitled to receive immediately following the
occurrence of any of the events described above had the option been exercised in
full immediately prior to the occurrence (or applicable record date) of such
event.  If, as a result of any adjustment pursuant to this section
8(b), the Optionee shall become entitled to receive shares of two or more
classes or series of securities of the Company, the Board shall equitably
determine the allocation of the adjusted exercise price between or among shares
or other units of such classes or series and shall notify the Optionee of such
allocation.

       

      (c)           If
at any time, as a result of an adjustment made pursuant to this section 8,
the Optionee shall become entitled to receive any shares of capital stock or
shares or other units of other securities or property or assets other than
Stock, the number of such other shares or units so receivable on any exercise of
the option shall be subject to adjustment from time to time in a manner and on
terms as nearly equivalent as practicable to the provisions with respect to the
shares of Stock in this section 8, and the provisions of this Agreement
with respect to the shares of Stock shall apply, with necessary changes in
points of detail, on like terms to any such other shares or units.

       

      (d)           All
calculations under this section 8 shall be, in the case of exercise price,
rounded up to the nearest cent or, in the case of shares subject to this option,
rounded down to the nearest one-hundredth of a share, but in no event shall the
Company be obligated to issue any fractional share on any exercise of the
option.

       

      9.           This
option is generally not transferable, except by will or by the laws of descent
and distribution, unless the Company expressly permits a transfer, such as to a
trust or other entity for estate planning purposes.  Unless the
Company approves such a transfer, this option is exercisable during your life
only by you.

       

      
        
          
          

        

        
          Annex B:
Page 4

          
            

          

        

        
          
          

        

      

       

      10.           This
Agreement is not an employment contract and nothing in this Agreement shall be
deemed to create in any way whatsoever any obligation on your part to continue
in the employ of the Company, or of the Company to continue your employment with
the Company.  If this option is granted to you in connection with your
performance of services as a Director, references to employment, Employee and
similar terms shall be deemed to include the performance of services as a
Director; provided that no rights as an Employee shall arise by reason of the
use of such terms.

       

      11.           Any
notice or other communication to be given under or in connection with this
Agreement or the Plan shall be given in writing and shall be deemed effectively
given on receipt or, in the case of notices from the Company to you, five days
after deposit in the United States mail, postage prepaid, addressed to you at
the address specified below or at such other address as you may hereafter
designate by notice to the Company.

       

      12.           This
Agreement is subject to all provisions of the Plan, a copy of which is attached
hereto and made a part of this Agreement, including, without limitation, the
provisions of section 5 of the Plan relating to option provisions, and is
further subject to all interpretations, amendments, rules and regulations which
may from time to time be promulgated and adopted pursuant to the
Plan.  In the event of any conflict between the provisions of this
Agreement and those of the Plan, the provisions of the Plan shall
control.

      
         

      

      
        	 	 	 WASTE
      CONNECTIONS, INC.	 
	 	 	 	 
	 	 	 	 

      

       

      
        	 	 	 By 	 
	 	 	 	Duly authorized on
      behalf
	 	 	 	of the Board of
      Directors

      

       

      

       

      ATTACHMENTS:

       

      Waste
Connections, Inc. 2002 Senior Management Equity Incentive Plan

      Notice of
Exercise

       

      
        
          
          

        

        
          Annex B:
Page 5

          
            

          

        

        
          
          

        

      

       

      The
undersigned:

       

      (a)           Acknowledges
receipt of the foregoing Nonqualified Stock Option Agreement and the attachments
referenced therein and understands that all rights and liabilities with respect
to the option granted under the Agreement are set forth in such Agreement and
the Plan; and

       

      (b)           Acknowledges
that as of the date of grant set forth in such Agreement, the Agreement sets
forth the entire understanding between the undersigned optionee and the Company
and its Subsidiaries regarding the acquisition of Stock pursuant to the option
and supersedes all prior oral and written agreements on that subject with the
exception of (i) the options, if any, previously granted and delivered to
the undersigned under stock option plans of the Company, and (ii) the
following agreements only:

      
      

       

      
        	NONE:	_____________	 	 
	 	(Initial)	 	 
	 	 	 	 
	OTHER: 	_________________________	 	 
	 	_________________________	 	 
	 	
                _________________________

              	 	 
	 	 	 	 
	 	 	 	 

      

       

                            

      
         

        
          	 	 	 	 
	 	 	OPTIONEE	 
	 	 	 	 
	 	 	Address:                                                                                                     
                                                                              
      	 
	 	 	                                                                                                                    
       	 

        

         

      

      
        
          
          

        

        
          Annex B:
Page 6

          
            

          

        

        
          
          

        

      

        

      NOTICE OF
EXERCISE

      
      

       

      
        	Waste Connections,
      Inc.	 	 	 
	35 Iron Point
      Circle, Suite 200	 	 	Date of Exercise:
      __________
	Folsom,
      CA  95630 	 	 	 

      

       

      Ladies
and Gentlemen:

       

      This
constitutes notice under my Nonqualified Stock Option Agreement that I elect to
purchase the number of shares of Common Stock (“Stock”) of Waste
Connections, Inc. (the “Company”) for the price set forth
below.

      
      

       

      
        	Option Agreement
      dated:  	_______________________	 	 
	
              	 	 	 
	Number of shares
      as	 	 	 
	to which option
      is	 	 	 
	exercised:	_______________________	 	 
	 	 	 	 
	Certificates to
      be	 	 	 
	issued in name
      of:	_______________________	 	 
	 	 	 	 
	Total exercise
      price:	$______________________	 	 
	 	 	 	 
	Cash payment
      delivered	 	 	 
	herewith:  	$______________________	 	 
	 	 	 	 
	Value of __________
      shares	 	 	 
	of _________________
      common	 	 	 
	stock delivered
      herewith:2	$______________________	 	 

      

                                                                                                              

      By this
exercise, I agree (i) to provide such additional documents as you may
require pursuant to the terms of the Waste Connections, Inc. 2002 Senior
Management Equity Incentive Plan or the Option Agreement, (ii) to provide
for the payment by me to you (in the manner designated by you) of your
withholding obligation, if any, relating to the exercise of this option, and
(iii) if this exercise relates to an incentive stock option, to notify you
in writing within fifteen days after the date of any disposition of any of the
shares of Stock issued on exercise of this option that occurs within two years
after the date of grant of this option or within one year after such shares of
Stock are issued on exercise of this option.

       

       

        
          

        

      

      2           Shares
must meet the public trading requirements set forth in the Option
Agreement.  Shares must be valued in accordance with the terms of the
option being exercised, must have been owned for the minimum period required in
the Option Agreement, and must be owned free and clear of any liens, claims,
encumbrances or security interests.  Certificates must be endorsed or
accompanied by an executed assignment separate from certificate.

      
        
          
          

        

        
          Annex B:
Page 7

          
            

          

        

        
          
          

        

      

    

     

      I hereby
represent, warrant and agree with respect to the shares of Stock of the Company
that I am acquiring by this exercise of the option (the “Shares”) that, if
required by the Company (or a representative of the underwriters) in
connection with an underwritten registration of the offering of any securities
of the Company under the Securities Act, I will not sell or otherwise transfer
or dispose of any shares of Stock or other securities of the Company during such
period (not to
exceed 180 days) following the effective date of the registration statement
of the Company filed under the Securities Act (the “Effective Date”) as may
be requested by the Company or the representative of the
underwriters.  For purposes of this restriction, I will be deemed to
own securities that (i) are owned, directly or indirectly by me, including
securities held for my benefit by nominees, custodians, brokers or pledgees;
(ii) may be acquired by me within sixty days of the Effective Date;
(iii) are owned directly or indirectly, by or for my brothers or sisters
(whether by whole or half blood), spouse, ancestors and lineal descendants; or
(iv) are owned, directly or indirectly, by or for a corporation,
partnership, estate or trust of which I am a shareholder, partner or
beneficiary, but only to the extent of my proportionate interest therein as a
shareholder, partner or beneficiary thereof.  I further agree that the
Company may impose stop-transfer instructions with respect to securities subject
to this restriction until the end of such period.

       

      
      

      
        	 	Very truly
      yours,
	 	 
	 	 
	 	 

      

       

       

      Annex B: Page 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]