Document:

Business Property Lease

EXHIBIT 10.9

BUSINESS PROPERTY LEASE

        (1)    This Lease
Made this 2nd day Jan. 1999.by and between T. O. E. S., the Lessor,
hereinafter designated as the Landlord, and T.O.E., the Lessee, hereinafter
designated as the Tenant.

Description

        (2)    WITNESSETH:
The Landlord, in consideration of the rents to be paid and the covenants and
agreements to be performed by the Tenant, does hereby lease unto the Tenant the
following described premises situated in the City of Troy, to wit: 8500 sq. feet
industrial bldg. along with parking lot as commonly known as 240 Park St., Troy,
MI 48084.

Term

        (3)    For the term
of Five (5) years from and after the Second day of January 1999, fully to be
completed and ended, the Tenant yielding and paying during the continuance of
this lease unto the Landlord for rent of said premises for said term, the sum of
two hundred & forty thousand ($240,000) in lawful money of the United States
payable in monthly installments in advance upon the 15 day of each and every
month as follows: $4,000.00 per month for sixty (60) months.

Rent 

        (4)    The Tenant
hereby hires the said premises for the said term as above mentioned and
covenants well and truly to pay, or cause to be paid unto the Landlord at the
dates and times above mentioned the rent above reserved.

Insurance 

        (5)    In addition
to the rentals hereinbefore specified, the Tenant agrees to pay as additional
rental any increase in premiums for insurance against loss by fire that may be
charged during the term of this lease on the amount of insurance now carried by
the Landlord on the premises and on the improvements situated on said premises,
resulting from the business carried on in the leased premises by the Tenant or
the character of its occupancy, whether or not the Landlord has consented to
same. 

        (6)    If the
Tenant shall default in any payment or expenditure other than rent required to
be paid or expended by the Tenant under the terms hereof, the Landlord may at
his option make such payment or expenditure, in which event the amount thereof
shall be payable as rental to the Landlord by the Tenant on the next ensuing
rent day together with interest at 8% per annum from the date of such payment or
expenditure by the Landlord, and on default in such payment the Landlord shall
have the same remedies as on default in payment of rent.

        (7)    All payments
or rent or other sums to be made to the Landlord shall be made at such place as
the Landlord shall designate in writing from time to time. 

Assignment 

        (8)    The Tenant
covenants not to assign or transfer this lease or hypothecate or mortgage the
same or sublet said premises or any part thereof without the written consent of
the Landlord. Any assignment, transfer, hypothecation, mortgage or subletting
without said written consent shall give the Landlord the right to terminate his
lease and to reenter and repossess the leased premises. 

Bankruptcy 

        (9)    The Tenant
agrees that if the estate created hereby shall be taken in execution, or by
other process of law, or if the Tenant shall be declared bankrupt or insolvent,
according to law, or any receiver be appointed for the business and property of
the Tenant, or if any assignment shall be made of the Tenant's property for the
benefit of creditors, then and in such event this lease may be cancelled at the
option of the Landlord.

Right to Mortgage

        (10)    The
Landlord reserves the right to subject and subordinate this lease at all times
to the lien of any mortgage or mortgages now or hereafter placed upon the
Landlord's interest in the said premises and on the land and buildings of which
the said premises are a part or upon any buildings hereafter placed upon the
land of which the leased premises form a part. And the Tenant covenants and
agrees to execute and deliver upon demand such further instrument or instruments
subordinating this lease to the lien of any such mortgage or mortgages as shall
be desired by the Landlord and any mortgagees or proposed mortgagees and hereby
irrevocably appoints the Landlord the attorney-in-fact of the Tenant to execute
and deliver any such instrument or instruments for and in the name of the
Tenant.

Use and Occupancy

        (11)    It is
understood between the parties hereto that said premises during the continuance
of this lease shall be used and occupied for office autorestyling [sic]
and for no other purpose or purposes without the written consent of the
Landlord, and that the Tenant will not use the premises for any purpose in
violation of any law, municipal ordinance or regulation, and that on any breach
of this agreement the Landlord may at his option terminate this lease forthwith
and reenter and repossess the leased premises. 

Fire 

        (12)    It is
understood and agreed that if the premises hereby leased be damaged or destroyed
in whole or in part by fire or other casualty during the term hereof, the
Landlord will repair and restore the same to good tenantable condition with
reasonable dispatch, and that the rent herein provided for shall abate entirely
in case the entire premises are untenantable and pro rata for the portion
rendered untenantable, in case a part only is untenantable, until the same shall
be restored to a tenantable condition; provided, however, that if the Tenant
shall fail to adjust his own insurance or to remove his damaged goods, wares,
equipment or property within a reasonable time period, and as a result thereof
the repairing and restoration is delayed there shall be no abatement of rental
during the period of such resulting delay, and provided further that there shall
be no abatement of rental if such fire or other cause damaging or destroying the
leased premises shall result from the negligence or willful act of the Tenant,
his agents or employees, and provided further that if the Tenant shall use any
part of the leased premises for storage during the period of repair a reasonable
charge shall be made therefor against the Tenant, and provided further that in
case the leased premises, or the building of which they are a part, shall be
destroyed to the extent of more than one-half of the value thereof, the Land1ord
may at his option terminate this lease forthwith by a written notice to the
Tenant. 

Repairs 

        (13)    The
Landlord after receiving written notice from the Tenant and having reasonable
opportunity thereafter to obtain the necessary workmen therefore agrees to keep
in good order and repair the roof and the four outer walls of the premises but
not the doors, door frames, the window glass, window casings, window frames,
windows or any of the appliances or appurtenances of said doors or window
casings, window frames and windows, or any attachments thereto or attachments to
the said building or premises used in connection therewith.

Insurance

        And the Tenant agrees to keep the
plate glass insured with a responsible Insurance Company in the name of the
Landlord and to deliver the policy or policies to the Landlord and upon his
failure to do so the Landlord may place such insurance and charge the same to
the Tenant as so much additional rent as provided in Paragraph 6; but the
failure on the part of the Landlord to place such insurance does not release the
Tenant of the liability.

Tenant to Indemnify

        (14)    The Tenant
agrees to indemnify and hold harmless the Landlord from any liability for
damages to any person or property in, on or about said leased premises from any
cause whatsoever; and Tenant will procure and keep in effect during the term
hereof public liability and property damages insurance for the benefit of the
Landlord in the sum of 100,000 for damages resulting to one person and 500,000
for damages resulting from one casualty, and 500,000 property damage insurance
resulting from any one occurrence. Tenant shall deliver said policies to the
Landlord and upon Tenant's failure so to do the Landlord may at his option
obtain such insurance and the cost thereof shall be paid as additional rent due
and payable upon the next ensuing rent day.

Repairs and Alterations

        (15)    Except as
provided in Paragraph 13 hereof, the Tenant further covenants and agrees that he
will, at his own expense, during the continuation of this lease, keep the said
premises and every part thereof in as good repair and at the expiration of the
term yield and deliver up the same in like condition as when taken, reasonable
use and wear thereof and damage by the elements excepted. The Tenant shall not
make any alterations, additions, or improvements to said premises without the
Landlord's written consent, and all alterations, additions or improvements made
by either of the parties hereto upon the premises, except movable office
furniture and trade fixtures put in at the expense of the Tenant, shall be the
property of the Landlord, and shall remain upon and be surrendered with the
premises at the termination of this lease, without molestation or injury.

                
The Tenant covenants and agrees that if the demised premises consists of only a
part of a structure owned or controlled by the Landlord, the Landlord may enter
the demised premises at reasonable times and install or repair pipes, wires or
other appliances or make any repairs deemed by the Landlord essential to the use
and occupancy of other parts of the Landlord's building.

Eminent Domain

        (16)    If any part
of the premises occupied by the Tenant under this lease is taken under the power
of eminent domain or be conveyed upon the threat of such a taking, then the
lease shall cease.

Reservation

        (17)    The
Landlord reserves the right of free access at all times to the roof of said
leased premises and reserves the right to rent said roof for advertising
purposes. The Tenant shall not erect any structures for storage or any aerial,
or use the roof for any purpose without the consent in writing of the Landlord.

Care of Premises

        (18)    The Tenant
shall not perform any acts or carry on any practices which may injure the
building or be a nuisance or menace to other Tenants in the building and shall
keep premises under his contro1 (including adjoining drives, street, alleys or
yards) clean and free from rubbish, dirt, snow and ice at all times, and it is
further agreed that in the event the Tenant shall not comply with these
provisions, the Landlord may enter upon said premises and have rubbish, dirt and
ashes removed and the side wa1ks cleaned, in which event the Tenant agrees to
pay all charges that the Landlord shall pay for hauling rubbish ashes and dirt,
or cleaning walks. Said charges shall be paid to the Landlord by the Tenant as
soon as bill is presented to him and the Landlord shall have the same remedy as
is provided in Paragraph 6 of this lease in the event of Tenant's failure to
pay. 

        (19)    The Tenant
shall at his own expense under penalty of forfeiture and damages promptly comply
with all lawful laws, orders, regulations or ordinances of all municipal, County
and State authorities affecting the premises hereby leased and the cleanliness,
safety, occupation and use of same. 

Condition of Premises at Time of Lease

        (20)    The Tenant
further acknowledges that he has examined the said leased premises prior to the
making of this lease, and knows the condition thereof, and that no
representations as to the condition or state of repairs thereof have been made
by the Landlord, or his agent, which are not herein expressed, and the Tenant
hereby accepts the leased premises in their present condition at the date of the
execution of this lease.

        (21)    The
Landlord shall not be responsible or liable to the Tenant for any loss or damage
that may be occasioned by or through the acts or omissions of persons occupying
adjoining premises or any part of the premises adjacent to or connected with the
premises hereby leased or any part of the building of which the leased premises
are a part or for any loss or damage resulting to the Tenant or his property
from bursting, stoppage or leaking of water, gas, sewer or steam pipes. 

Re-Renting 

        (22)    The Tenant
hereby agrees that for a period commencing 90 days prior to the termination of
this lease, the Landlord may show the premises to prospective Tenants, and 60
days prior to the termination of this lease, may display in and about said
premises and in the windows thereof the usuua1 and ordinary "TO RENT" signs. 

Holding Over

        (23)    It is
hereby agreed that in the event of the Tenant herein holding over after the
termination of this lease, thereafter the tenancy shall be from month to month
in the absence of a written agreement to the contrary. 

Gas, Water, Heat, Electricity

        (24)    The
Tenant will pay all charges made against said leased premises for gas, water,
heat and electricity during the continuance of this lease, as the same shall
become due. 

Advertising Display

        (25)    It is
further agreed that all signs and advertising, displayed in and about the
premises shall be such only as advertise the business carried on upon said
premises, and that the Landlord shall control the character and size thereof,
and that no sign shall be displayed excepting such as shall be approved in
writing by the Landlord, and that no awning shall be installed or used on the
exterior of said building unless approved in writing by the Landlord.

Access to Premises

        (26)    The
Landlord shall have the right to enter upon the leased premises at all
reasonable hours for the purpose of inspecting the same. If the Landlord deems
any repairs necessary, he may demand that the Tenant make the same, and if the
Tenant refuses or neglects forthwith to commence such repairs and complete the
same with reasonable dispatch, the Landlord may make or cause to be made such
repairs and shall not be responsible to the Tenant for any loss or damage that
may accrue to his stock or business by reason thereof, and if the Landlord makes
or causes to be made such repairs the Tenant agrees that he will forthwith on
demand pay to the Landlord the cost thereof with interest at 8% per annum, and
if he shall make default in such payment the Landlord shall have the remedies
provided in Paragraph 6 hereof.

Reentry

        (27)    In cause
any rent shall be due and unpaid or if default be made in any of the covenants
herein contained, or if said leased premises shall be deserted or vacated, then
it shall be lawful for the Landlord, his certain attorney, heirs,
representatives and assigns, to reenter into, repossess the said premises and
the Tenant and each and every occupant to remove and put out.

Quiet Enjoyment

        (28)    The
Landlord covenants that the said Tenant, on payment of all the aforesaid
installments and performing all the covenants aforesaid, shall and may
peacefully and quietly have, hold and enjoy the said demised premises for the
term aforesaid.

Expenses-Damages Reentry

        (29)    In the
event that the Landlord shall, during the period covered by this lease, obtain
possession of said premises by reentry, summary proceedings, or otherwise, the
Tenant hereby agrees to pay the Landlord the expense incurred in obtaining
possession of said premises, and also all expenses and commissions which may be
paid in and about the letting of the same, and all other damages.

Remedies not Exclusive

        (30)    It is
agreed that each and every of the rights, remedies and benefits provided by this
lease shall be cumulative, and shall not be exclusive of any other of said
rights, remedies and benefits, or of any other rights, remedies and benefits
allowed by law.

Waiver 

        (31)    One or more
waivers of any covenant or condition by the Landlord shall not be construed as a
waiver of a further breach of the same covenant or condition 

Delay of Possession

        (32)    It is
understood that if the Tenant shall be unable to enter into and occupy the
premises hereby leased at the time above provided, by reason of the said
premises not being ready for occupancy, or by reason of the holding over of any
previous occupant or said premises, or as a result of any cause or reason beyond
the direct control of the Landlord, the Landlord shall not be liable in damages
to the Tenant therefore [sic], but during the period the Tenant shall be
unable to occupy said premises as hereinbefore provided, the rental therefore
shall he abated and the Landlord is to be the sole judge as to when the premises
are ready for occupancy. 

Notices 

        (33)    Whenever
under this lease a provision is made for notice of any kind it shall be deemed
sufficient notice and service thereof if such notice to the Tenant is in
writing, addressed to the Tenant at his last known Post Office address or at the
leased premises and deposited in the mail with postage prepaid and if such
notice to the Landlord is in writing addressed to the last known Post Office
address of the Landlord and deposited in the mail with postage prepaid. Notice
need be sent to only one Tenant or Landlord where the Tenant or Landlord is more
than one person. 

        (34)    It is
agreed that in this lease the word "he" shall be used as synonymous with the
words "she", "it" and "they", and the word "his" synonymous with the words
"her", "its", and "their". 

        (35)    The
covenants, conditions and agreements made and entered into by the parties hereto
are declared binding on their respective heirs, successors, representatives and
assigns. 

        (36)    In the
event security is given, Paragraph 37 on the last page shall be deemed a part of
this lease. 

IN WITNESS WHEREOF. The parties have hereunto set their hands and seals the
day and year first above written.

	WITNESSED BY:   	Landlord: T.O.E.S. . 
	Linda Duda   	Joseph P. O'Connor, President 
	<Signed>   	<Signed>
	Leonardo Barnette   	Tenant: T.O.E.
	<Signed>   	Thomas Sullivan, Vice President
	   	<Signed>

SECURITY PROVISION 

Paragraph 37 (Refer to Paragraph 36 of Lease) 

The Landlord herewith acknowledges the receipt of Dollars ($4000),
which he is to retain as security for the faithful performance of all of the
covenants, conditions, and agreements of this lease, but in no event shall the
Landlord be obliged to apply the same upon rents or other charges in arrears or
upon damages for the Tenants' failure to perform the said covenants, conditions,
and agreements; the Landlord may so apply the security at his option; and the
Landlord's right to the possession of the premises for non-payment of rent or
for any other reason shall not in any event be affected by reason of the fact
that the Landlord holds this security. The said sum, if not applied toward the
payment of rent in arrears or toward the payment of damages suffered by the
Landlord by reason of the Tenant's breach of the covenants, conditions, and
agreements of this lease is to he returned to the Tenant when this lease is
terminated, according to these terms, and in no event is the said security to be
returned until the Tenant has vacated the premises and delivered possession to
the Landlord. 

In the event that the Landlord repossesses himself of the said premises
because of the Tenant's default or because of the Tenant's failure to carry out
the covenants, conditions, and agreements of this lease, the Landlord may apply
the said security upon all damages suffered to the date of said repossession and
may retain the said security to apply upon such damages as may be suffered or
shall accrue thereafter by reason of the Tenant' s default or breach. The
Landlord shall not be obliged to keep the said security as a separate fund, but
may mix the said security with his own funds.Stock Option Plan

EXHIBIT 10.10

IDEAL ACCENTS, INC.

STOCK OPTION PLAN

 

               
Ideal Accents, Inc., a Florida corporation (the "Company"), hereby establishes
and adopts the following 2000 Stock Option Plan (the "Plan").

RECITALS

               
WHEREAS, the Company desires to encourage high levels of performance by those
individuals who are key to the success of the Company and its subsidiaries and
affiliates, to attract and retain individuals who are highly motivated and who
will contribute to the success of the Company and to encourage such individuals
to remain as managers, officers, directors, employees, consultants and/or
advisors of the Company and its subsidiaries and affiliates by increasing their
proprietary interest in the Company's growth and success.

               
WHEREAS, to attain these ends, the Company has formulated the Plan embodied
herein to authorize the granting of stock options ("Options") to those
individuals whose judgment, initiative and efforts are, have been or are
expected to be responsible for the success of the Company.

               
NOW, THEREFORE, the Company hereby constitutes, establishes and adopts the
following Plan and agrees to the following provisions:

ARTICLE 1.

PURPOSE OF THE PLAN

               
1.1. Purpose. The purpose of the Plan is to assist the Company and its
subsidiaries and affiliates in attracting and retaining selected individuals to
serve as directors, officers, consultants, advisors and employees of the Company
who will contribute to the Company's success, and to achieve long-term
objectives that will inure to the benefit of all stockholders of the Company
through the additional incentive inherent in the ownership of the Company's
shares of common stock, par value $0.0001 per share ("Shares"). Options granted
under the Plan will be either "incentive stock options," intended to qualify as
such under the provisions of section 422 of the Internal Revenue Code of 1986,
as from time to time amended (the "Code"), or "nonqualified stock options." For
purposes of the Plan, the term "subsidiary" shall mean "subsidiary corporation,"
as such term is defined in section 424(f) of the Code, and "affiliate" shall
have the meaning set forth in Rule 12b-2 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act").

ARTICLE 2.

SHARES SUBJECT TO OPTIONS

               
2.1. Number of Shares. Subject to the adjustment provisions of Section
5.10 hereof, the aggregate number of Shares which may be issued under Options
under the Plan shall not exceed 5,000,000. No Options to purchase fractional
Shares shall be granted and no fractional shares shall be issued under the Plan.
For purposes of this Section 2.1, the Shares that shall be counted toward such
limitation shall include all Shares issued or issuable pursuant to Options that
have been or may be exercised.

               
2.2. Shares Subject to Terminated Options. The Shares covered by any
unexercised portions of terminated Options granted under Article 4 and Shares
subject to any Options that are otherwise surrendered by the Participant without
receiving any payment or other benefit with respect thereto may again be subject
to new nonqualified Options under the Plan (but not "incentive stock options").
In the event the purchase price of an Option is paid in whole or in part through
the delivery of Shares, the number of Shares issuable in connection with the
exercise of the Option shall not again be available for the grant of Options
under the Plan. 

               
2.3. Character of Shares. Shares delivered under the Plan may be
authorized and previously unissued Shares or Shares acquired by the Company, or
both.

ARTICLE 3.

ELIGIBILITY AND ADMINISTRATION

               
3.1. Options to Employees, Directors and Others. 

                       
(a) Participants who receive (i) Options under Article 4 hereof ("Optionees")
shall consist of such officers, key employees, consultants, advisors and
directors of the Company or any of its subsidiaries or affiliates as the
Committee (hereinafter defined) shall select from time to time, provided,
however, that an Option that is intended to qualify as an "incentive stock
option" may be granted only to an individual that is an employee of the Company
or any of its subsidiaries. The Committee's designation of an Optionee in any
year shall not require the Committee to designate such person to receive Options
or grants in any other year. The designation of an Optionee to receive Options
under one portion of the Plan shall not require the Committee to include such
Optionee under other portions of the Plan.

                       
(b) No Option that is intended to qualify as an "incentive stock option" may be
granted to any employee who, at the time of such grant, owns, directly or
indirectly (within the meaning of sections 422(b)(6) and 424(d) of the Code),
shares of stock possessing more than ten percent (10%) of the total combined
voting power of all classes of stock of the Company or any of its subsidiaries
or affiliates, unless at the time of such grant, (i) the option price is fixed
at not less than 110% of the Fair Market Value (as defined below) of the Shares
subject to such Option, determined on the date of the grant, and (ii) the
exercise of such Option is prohibited by its terms after the expiration of five
years from the date such Option is granted.

               
3.2. Administration.

                       
(a) The Plan shall be administered by the Board of Directors of the Company (the
"Board") or, if so determined by the Board, by a committee appointed by the
Board (the Board or such committee administering the Plan hereinafter referred
to as the "Committee"). The Board may remove from, add members to, or fill
vacancies on the Committee. 

                       
Any grant of Options to a member of the Committee who is not also an employee
shall be on terms consistent with grants made to other members of the Board who
are not members of the Committee and who are not employees, except where such
grant is awarded or ratified by the Board.

                       
(b) The Committee is authorized, subject to the provisions of the Plan, to
establish such rules and regulations as it may deem appropriate for the conduct
of meetings and proper administration of the Plan.

                       
(c) Subject to the provisions of the Plan, the Committee shall have authority,
in its sole discretion, to grant Options under the Plan, to interpret the
provisions of the Plan and, subject to the requirements of applicable law,
including (if applicable) Rule 16b-3 of the Exchange Act, to prescribe, amend,
and rescind rules and regulations relating to the Plan or any Options thereunder
as it may deem necessary or advisable. All decisions made by the Committee
pursuant to the provisions of the Plan shall be final, conclusive and binding on
all persons, including the Company, its stockholders, directors and employees,
and other Plan participants.

               
3.3. Stockholders Agreement. As a condition to the grant or exercise of
any Option, the Committee may require the Optionee to enter into a stockholders
agreement or other agreement with the Company under such terms and conditions as
may reasonably be required by the Company.

ARTICLE 4.

OPTIONS

               
4.1. Grant of Options. The Committee, in its sole discretion, shall
determine, within the limitations of the Plan, those officers, key employees,
consultants, advisors and directors of the Company or any of its subsidiaries or
affiliates to whom Options are to be granted under the Plan, the number of
Shares that may be purchased under each such Option and the option price, and
shall designate such Options at the time of the grant as either "incentive stock
options" or "nonqualified stock options"; provided, however, that Options
granted to employees of an affiliate (that is not also a subsidiary) or to
non-employees of the Company may only be "nonqualified stock options."

              
4.2. Stock Option Certificates; etc. All Options granted pursuant to
Article 4 (a) shall be authorized by the Committee and (b) shall be evidenced in
writing by stock option certificates ("Stock Option Certificates") in such form
and containing such terms and conditions as the Committee shall determine that
are not inconsistent with the provisions of the Plan, and, with respect to any
Stock Option Certificate granting Options that are intended to qualify as
"incentive stock options," are not inconsistent with Section 422 of the Code.
The granting of an Option pursuant to the Plan shall impose no obligation on the
recipient to exercise such Option. Any individual who is granted an Option
pursuant to this Article 4 may hold more than one Option granted pursuant to
such Article at the same time and may hold both "incentive stock options" and
"nonqualified stock options" at the same time. To the extent that any Option
does not qualify as an "incentive stock option" (whether because of its
provisions, the time or manner of its exercise or otherwise) such Option or the
portion thereof which does not so qualify shall constitute a separate
"nonqualified stock option."

               
4.3. Option Price. Subject to Section 3.1(b), the option exercise price
per each Share purchasable under any "incentive stock option" granted pursuant
to this Article 4, shall not be less than 100% of the Fair Market Value (as
hereinafter defined) of such Share on the date of the grant of such Option. The
option price per each Share purchasable under any "nonqualified stock option"
granted pursuant to this Article 4 shall be such amount as the Committee shall
determine at the time of the grant of such Option. 

               
4.4. Other Provisions. Options granted pursuant to this Article 4 shall
be made in accordance with the terms and provisions of Article 5 hereof and any
other applicable terms and provisions of the Plan.

ARTICLE 5.

GENERALLY APPLICABLE PROVISIONS

               
5.1. Option Period. Subject to Section 3.1(b), the period for which an
Option is exercisable shall not exceed ten years from the date such Option is
granted. After the Option is granted, the option period may not be reduced,
subject to expiration in accordance with its terms.

               
5.2. Fair Market Value. If the Shares are listed or admitted to trading
on a securities exchange registered under the Exchange Act, unless otherwise
required by any applicable provision of the Code, the "Fair Market Value" of a
Share as of a specified date shall mean the per Share closing price of the
Shares for the day immediately preceding the date as of which the Fair Market
Value is being determined (or if there was no reported closing price on such
date, on the last preceding date on which the closing price was reported)
reported on the principal securities exchange on which the Shares are listed or
admitted to trading. If the Shares are not listed or admitted to trading on any
such exchange but are listed as a national market security on the Nasdaq Stock
Market, Inc. ("NASDAQ"), traded in the over-the-counter market or listed or
traded on any similar system then in use, the Fair Market Value of a Share shall
be the last sales price for the day immediately preceding the date as of which
the Fair Market Value is being determined (or if there was no reported sale on
such date, on the last preceding date on which any reported sale occurred)
reported on such system. If the Shares are not listed or admitted to trading on
any such exchange, are not listed as a national market security on NASDAQ and
are not traded in the over-the-counter market or listed or traded on any similar
system then in use, but are quoted on NASDAQ or any similar system then in use,
the Fair Market Value of a Share shall be the average of the closing high bid
and low asked quotations on such system for the Shares on the date in question.
If the Shares are not publicly traded, Fair Market Value shall be determined by
the Committee in its sole discretion and good faith using appropriate criteria.
An Option shall be considered granted on the date the Committee acts to grant
the Option or such later date as the Committee shall specify.

               
5.3. Exercise of Options. Vested Options granted under the Plan shall be
exercised by the Optionee thereof (or by his executors, administrators, guardian
or legal representative, as provided in Sections 5.6 and 5.7 hereof) as to all
or part of the Shares covered thereby, by the giving of written notice of
exercise to the Company, specifying the number of Shares to be purchased,
accompanied by payment of the full purchase price for the Shares being
purchased. Full payment of such purchase price shall be made at the time of
exercise and shall be made (i) in cash or by certified check or bank check or
wire transfer of immediately available funds, (ii) with the consent of the
Committee, by delivery of a promissory note in favor of the Company upon such
terms and conditions as determined by the Committee, (iii) with the consent of
Committee, by tendering previously acquired Shares (valued at its Fair Market
Value, as determined by the Committee as of the date of tender) that have been
owned for a period of at least six months (or such other period to avoid
accounting charges against the Company's earnings), (iv) if Shares are traded on
a national securities exchange, NASDAQ or quoted on a national quotation system
sponsored by the National Association of Securities Dealers, Inc. and the
Committee authorizes this method of exercise, through the delivery of
irrevocable instructions to a broker approved by the Committee to deliver
promptly to the Company an amount equal to the purchase price, or (v) with the
consent of the Committee, any combination of (i), (ii), (iii) and (iv). Such
notice of exercise, accompanied by such payment, shall be delivered to the
Company at its principal business office or such other office as the Committee
may from time to time direct, and shall be in such form, containing such further
provisions consistent with the provisions of the Plan, as the Committee may from
time to time prescribe. In no event may any Option granted hereunder be
exercised for a fraction of a Share. The Company shall effect the transfer of
Shares purchased pursuant to an Option as soon as practicable, and, within a
reasonable time thereafter, such transfer shall be evidenced on the books of the
Company. No person exercising an Option shall have any of the rights of a holder
of Shares subject to an Option until certificates for such Shares shall have
been issued following the exercise of such Option. No adjustment shall be made
for cash dividends or other rights for which the record date is prior to the
date of such issuance.

               
5.4. Non-Transferability of Options. Except as provided in Section 5.8,
no Option shall be assignable or transferable by the Optionee, other than by
will or the laws of descent and distribution, and may be exercised during the
life of the Optionee only by the Optionee or his guardian or legal
representative. 

               
5.5. Termination of Employment. Unless the Committee otherwise
determines, in the event of the termination of employment with the Company of an
Optionee who is an employee or the separation from service with the Company of
an Optionee who is an advisor, consultant or non-employee director of the
Company for any reason (other than death or disability), any Option(s) granted
to such Optionee under this Plan and not previously exercised or expired shall
be deemed canceled and terminated on the day of such termination or separation.
Notwithstanding the foregoing, in the event of the termination of employment or
separation from service with the Company of an Optionee for any reason other
than death or disability, under conditions satisfactory to the Company, the
Committee may, in its sole discretion, allow any Options granted to such
Optionee under the Plan and not previously exercised or expired, to the extent
vested on the date of such termination, to be exercisable for a period of time
to be specified by the Committee, provided, however, that in no instance
may the term of the Option, as so extended, exceed the maximum term established
pursuant to Section 5.1 above. 

               
5.6. Death. In the event an Optionee dies while employed by the Company
or any of its subsidiaries or affiliates or while serving as a director of the
Company or any of its subsidiaries or affiliates, as the case may be, any
Option(s) granted to him not previously expired or exercised shall, to the
extent exercisable on the date of death, be exercisable by the estate of such
Optionee or by any person who acquired such Option by bequest or inheritance, at
any time within one year after the death of the Optionee, provided, however,
that in no instance may the term of the Option, as so extended, exceed the
maximum term established pursuant to Section 3.1(b)(ii) or 5.1 above.

               
5.7. Disability. In the event of the termination of employment with the
Company of an Optionee, or the separation from service with the Company of an
Optionee who is a director of the Company, due to total disability, the Optionee,
or his guardian or legal representative, shall have the unqualified right to
exercise any Option that has not expired or been previously exercised and that
the Optionee was eligible to exercise as of the first date of total disability
(as determined by the Committee), at any time within one year after such
termination or separation, provided, however, that in no instance may the
term of the Option, as so extended, exceed the maximum term established pursuant
to Section 3.1(b)(ii) or 5.1 above. The term "total disability" shall, for
purposes of this Plan, be defined in the same manner as such term is defined in
Section 22(e)(3) of the Code. 

               
5.8. Other Provisions. Notwithstanding anything in this Plan to the
contrary, if the Board determines that the Plan cannot, or that an Option need
not, satisfy the requirements of Rule 16b-3 of the Exchange Act (such that
grants of Options are not exempt from Section 16(b) of the Exchange Act), then
the Committee shall have the authority to waive or modify those provisions of
the Plan which are intended to satisfy such Rule 16b-3 requirements.
Notwithstanding Section 5.4 of this Plan to the contrary, only with the express
written consent of the Committee, which consent may be given or withheld for any
or no reason in the Committee's sole discretion, an Optionee who has been
granted "nonqualified stock options" can transfer any or all of such options to
any one or more of the following persons: (i) the spouse, parent, issue, spouse
of issue, or issue of spouse ("issue" shall include all descendants whether
natural or adopted) of such Optionee; or (ii) a trust for the benefit of those
persons described in clause (i) above or for the benefit of such Optionee, or
for the benefit of any such persons and such Optionee; or (iii) any entity in
which the Optionee or its transferee is a beneficial owner; provided, however,
that such transferee shall be bound by all of the terms and conditions of this
Plan and shall execute an agreement satisfactory to the Company evidencing such
obligation; and provided further, however, that such Optionee shall
remain bound by the terms and conditions of this Plan. 

               
5.9. Terms of Grant. Notwithstanding anything in Section 5.5, 5.6 or 5.7
to the contrary, the Committee may grant an Option under such terms and
conditions as may be provided in the Share Option Certificate given to the
Optionee, provided, however, that in no instance may the term of the
Option, as so granted, exceed the maximum term established pursuant to Section
5.1 above.

               
5.10. Adjustments. In the event that the Committee shall determine that
any dividend or other distribution (whether in the form of cash, Shares, other
securities, or other property), recapitalization, stock split, reverse stock
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Shares or other securities, the issuance of warrants
or other rights to purchase Shares or other securities, or other similar
corporate transaction or event affects the Shares with respect to which Options
have been or may be issued under the Plan, such that an adjustment is determined
in good faith by the Committee to be appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be made available
under the Plan, then the Committee shall, in such manner as the Committee may
deem equitable, adjust any or all of (i) the number and type of Shares that
thereafter may be made the subject of Options, (ii) the number and type of
Shares subject to outstanding Options, and (iii) the grant or exercise price
with respect to any Option, or, if deemed appropriate, make provision for a cash
payment to the holder of any outstanding Option; provided, in each case,
that with respect to "incentive stock options," no such adjustment shall be
authorized to the extent that such adjustment would cause such options to
violate Section 422(b) of the Code or any successor provision; and provided
further, that the number of Shares subject to any Option denominated in
Shares shall always be a whole number. In the event of any reorganization,
merger, consolidation, split-up, spin-off, or other business combination
involving the Company (each such event, a "Reorganization"), a majority of the
Board may cause any Option outstanding as of the effective date of the
Reorganization to be cancelled in consideration of a cash payment or alternate
Option made to the holder of such cancelled Option equal in value to the fair
market value of such cancelled Option. The determination of such fair market
value shall be made by the Board, in its sole discretion.

               
5.11. Amendment and Modification of the Plan. The Board may, from time to
time, alter, amend, suspend or terminate the Plan as it shall deem advisable,
subject to any requirement for stockholder approval imposed by applicable law or
any rule of any stock exchange or quotation system on which Shares are listed or
quoted; provided that the Board may not amend the Plan in any manner that
would result in noncompliance with Rule 16b-3 of the Exchange Act (if
applicable) or any applicable law, except as otherwise provided in Sections 3.2
or 5.8 hereof; and further provided that the Board may not, without the
approval of the Company's stockholders, amend the Plan to increase the number of
Shares that may be the subject of Options under the Plan (except for adjustments
pursuant to Section 5.10 hereof). In addition, no amendments to, or termination
of, the Plan shall in any way impair the rights of an Optionee under any Option
previously granted without such Optionee's consent.

ARTICLE 6.

MISCELLANEOUS

               
6.1. Tax Withholding. The Company shall have the right to make all
payments or distributions made pursuant to the Plan to an Optionee (or permitted
transferee) net of any applicable federal, state and local taxes required to be
withheld or paid as a result of the grant of any Option, exercise of an Option
or any other event occurring pursuant to this Plan. The Company shall have the
right to withhold from such Optionee (or permitted transferee) such withholding
taxes as may be required by law, or to otherwise require the Optionee (or
permitted transferee) to pay such withholding taxes. If the Optionee (or
permitted transferee) shall fail to make such tax payments as are required, the
Company or its subsidiaries or affiliates shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment of any kind otherwise
due to such Optionee (or permitted transferee) or to take such other action as
may be necessary to satisfy such withholding obligations. In satisfaction of the
requirement to pay withholding taxes, the Optionee (or permitted transferee) may
make a written election, which may be accepted or rejected in the discretion of
the Committee, to have withheld a portion of the Shares then issuable to the
Optionee (or permitted transferee) pursuant to the Plan, having an aggregate
Fair Market Value equal to the withholding taxes.

               
6.2. Right of Discharge Reserved. Nothing in the Plan nor the grant of an
Option hereunder shall confer upon any employee, director or other individual
the right to continue in the employment or service of the Company or any
subsidiary or affiliate of the Company or affect any right that the Company or
any subsidiary or affiliate of the Company may have to terminate the employment
or service of (or to demote or to exclude from future Options under the Plan)
any such employee, director or other individual at any time for any reason.
Except as specifically provided by the Committee, the Company shall not be
liable for the loss of existing or potential profit with respect to an Option in
the event of termination of an employment or other relationship even if the
termination is in violation of an obligation of the Company or any subsidiary or
affiliate of the Company to the Optionee.

               
6.3. Nature of Payments. All Options granted pursuant to the Plan are in
consideration of services performed or to be performed for the Company or any
subsidiary or affiliate of the Company. Except to the extent required under
applicable law, any income or gain realized pursuant to Options under the Plan
shall not constitute compensation for purposes of any of the employee benefit
plans of the Company or any subsidiary or affiliate of the Company except as may
be determined by the Committee or by the Board or by the directors of the
applicable subsidiary or affiliate of the Company.

               
6.4. Severability. If any provision of the Plan shall be held unlawful or
otherwise invalid or unenforceable in whole or in part, such unlawfulness,
invalidity or unenforceability shall not affect any other provision of the Plan
or part thereof, each of which shall remain in full force and effect. If the
making of any payment or the provision of any other benefit required under the
Plan shall be held unlawful or otherwise invalid or unenforceable, such
unlawfulness, invalidity or unenforceability shall not prevent any other payment
or benefit from being made or provided under the Plan, and if the making of any
payment in full or the provision of any other benefit required under the Plan in
full would be unlawful or otherwise invalid or unenforceable, then such
unlawfulness, invalidity or unenforceability shall not prevent such payment or
benefit from being made or provided in part, to the extent that it would not be
unlawful, invalid or unenforceable, and the maximum payment or benefit that
would not be unlawful, invalid or unenforceable shall be made or provided under
the Plan.

               
6.5. Gender and Number. In order to shorten and to improve the
understandability of the Plan document by eliminating the repeated usage of such
phrases as "his or her," any masculine terminology herein shall also include the
feminine, and the definition of any term herein in the singular shall also
include the plural except when otherwise indicated by the context.

               
6.6. Governing Law. The Plan and all determinations made and actions
taken thereunder, to the extent not otherwise governed by the Code or the laws
of the United States, shall be governed by the laws of the State of New York and
construed accordingly.

               
6.7. Effective Date of Plan; Termination of Plan. The Plan shall be
effective on the date of approval of the Plan by the Board. Notwithstanding the
foregoing, no Option intended to qualify as an "incentive stock option" shall be
granted hereunder unless and until the Plan shall be approved by the holders of
a majority of the shares entitled to vote thereon within 12 months after the
date of adoption of the Plan by the Board. In the event that such shareholder
approval is not obtained, each Option granted under the Plan that is intended to
qualify as an "incentive stock option" shall, notwithstanding any of the
preceding provisions of the Plan, automatically be deemed a "nonqualified stock
option." Options may be granted under the Plan at any time and from time to time
on or prior to December 31, 2010, on which date the Plan will expire except as
to Options then outstanding under the Plan. Such outstanding Options shall
remain in effect until they have been exercised or terminated, or have expired.

               
6.8. Captions. The captions in this Plan are for convenience of reference
only, and are not intended to narrow, limit or affect the substance or
interpretation of the provisions contained herein.

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