Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 4.0    
    

 
 

(FORM OF STOCK CERTIFICATE—FRONT SIDE)    
    

	NUMBER	 	SHARES
	

COMMON STOCK	
 	

CUSIP
	(Par Value $.01 Per Share)	 	See reverse for certain definitions

LYDIAN TRUST COMPANY

Incorporated Under the Laws of the State of Florida  

        This certifies that ___________________________________________________________________________ _________ is the registered holder of ________________________
fully paid and non-assessable shares of the Common Stock, par value $.01 per share, of Lydian Trust Company. 

        The
shares evidenced by this Certificate are transferable in person or by a duly authorized attorney or legal representative, upon surrender of this Certificate properly endorsed. This
Certificate and the
shares represented hereby are subject to all the provisions of the articles of incorporation and bylaws of the Corporation and any and all amendments thereto. This Certificate is not valid unless
countersigned and registered by the transfer agent and registrar. 

        IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed by the facsimile signatures of its duly authorized officers
and has caused its facsimile seal to be affixed hereto. 

Dated:

	

 	
(SEAL)	

 
	
	 	

	Stephen C. Wilhoit

Secretary	 	Rory A. Brown

Chairman and Chief Executive Officer

 
 

(FORM OF STOCK CERTIFICATE—BACK SIDE)    
    

        The Corporation is authorized to issue more than one class of stock, including a class of preferred stock which may be issued in one or more series. The
Corporation will furnish to any stockholder, upon written request and without charge, a full statement of the designations, preferences, limitations and relative rights of the shares of each class
authorized to be issued and, with respect to the issuance of any preferred stock to be issued in series, the relative rights and preferences between the shares of each series so far as the rights and
preferences have been fixed and determined and the authority of the Board of Directors to fix and determine the relative rights and preferences of subsequent series. 

        The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 

	TEN COM	—	 	as tenants in common
	

TEN ENT	

—	
 	

as tenants by the entireties
	

JT TEN	

—	
 	

as joint tenants with right of survivorship and not as tenants in common
	

UNIF GIFT MIN ACT	

—	
 	

 	
 	

Custodian	
 	

 	
 	

under
	 	 	 	
	 	 	 	
	 	 
	 	 	 	(Minor)	 	 	 	(Cust)	 	 

       

    

	    Uniform Gifts to Minors Act	
	 	 
	 	        (State)	 	 

Additional
abbreviations may also be used though not in the above list. 

        For
value received, ________________________________________________ hereby sell, assign and transfer 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE 

________________________________________________

________________________________________________

unto
____________________________________________________________________________ 

PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE 

________________________________________________________________________________________ 

________________________________________________________________________________________

________________________________________________________________________________________

________________________
shares of Common Stock represented by this Certificate, and do hereby irrevocably constitute and appoint ________________________ as Attorney, to transfer the said shares on
the books of the within named Corporation, with full power of substitution. 

    

	Dated	
	 	 
	 	 	 	
 Signature
	

 	

 	
 	

 Signature

Notice:
The signature(s) to this assignment must correspond with the name(s) written upon the face of this Certificate in every particular, without alteration or any change whatsoever. 

QuickLinks

Exhibit 4.0

(FORM OF STOCK CERTIFICATE—FRONT SIDE)

(FORM OF STOCK CERTIFICATE—BACK SIDE)QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1    
    

 
 

LYDIAN TRUST COMPANY
  
    1999 STOCK PLAN
  
    (amended as of May 10, 2001 and to reflect a two-for-one stock split effective December 15, 2003)    
    

        1.     Purposes of the Plan.    The purposes of this Stock Plan are to attract and retain the best available personnel
for positions of substantial responsibility, to provide additional incentive to Employees, Directors and Advisory Directors and to promote the success of the Company's business. Options granted under
the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as determined by the Administrator at the time of grant. 

        2.     Definitions.    As used herein, the following definitions shall apply: 

        (a)   "Administrator" means the Board or any of its Committees as shall be administering the Plan in accordance with
Section 4 hereof. 

        (b)   "Advisory Director" means any person who serves as a member of the Advisory Board of the Company. 

        (c)   "Applicable Laws" means the requirements relating to the administration of stock option plans under U.S. state corporate
laws, U.S. federal and state securities laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign country or
jurisdiction where Options are granted under the Plan. 

        (d)   "Board" means the Board of Directors of the Company. 

        (e)   "Code" means the Internal Revenue Code of 1986, as amended. 

        (f)    "Committee" means a committee of Directors appointed by the Board in accordance with Section 4 hereof. 

        (g)   "Common Stock" means the Common Stock of the Company. 

        (h)   "Company" means 1stVirtual, Inc., a Florida corporation. 

        (i)    "Director" means a member of the Board of Directors of the Company. 

        (j)    "Employee" means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the
Company. A Employee shall not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the
Company, its Parent, any Subsidiary, or any successor. For purposes of Incentive Stock Options, no such leave may exceed ninety days, unless reemployment upon expiration of such leave is guaranteed by
statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, on the 181st day of such leave any Incentive Stock Option held by the Optionee
shall cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option. Neither service as a Director nor payment of a director's fee by the
Company shall be sufficient to constitute "employment" by the Company. 

        (k)   "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        (l)    "Fair Market Value" means, as of any date, the value of Common Stock determined as follows: 

        (i)    If
the Common Stock is listed on any established stock exchange or a national market system, including without limitation the Nasdaq National Market or The Nasdaq
SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such 

exchange
or system for the last market trading day prior to the time of determination, as reported in The Wall Street Journal or such other source as
the Administrator deems reliable; 

        (ii)   If
the Common 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 Common Stock on the last market trading day prior to the day of determination; or 

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

        (m)  "Incentive Stock Option" means an Option intended to qualify as an incentive stock option within the meaning of
Section 422 of the Code. 

        (n)   "Nonstatutory Stock Option" means an Option not intended to qualify as an Incentive Stock Option. 

        (o)   "Officer" means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and
the rules and regulations promulgated thereunder. 

        (p)   "Option" means a stock option granted pursuant to the Plan. 

        (q)   "Option Agreement" means a written or electronic agreement between the Company and an Optionee evidencing the terms and
conditions of an individual Option grant. The Option Agreement is subject to the terms and conditions of the Plan. 

        (r)   "Optioned Stock" means the Common Stock subject to an Option. 

        (s)   "Optionee" means the holder of an outstanding Option granted under the Plan. 

        (t)    "Parent" means a "parent corporation," whether now or hereafter existing, as defined in Section 424(e) of the
Code. 

        (u)   "Plan" means this 1999 Stock Plan. 

        (v)   "Section 16(b)" means Section 16(b) of the Securities Exchange Act of 1934, as amended. 

        (w)  "Share" means a share of the Common Stock, as adjusted in accordance with Section 11 below. 

        (x)   "Subsidiary" means a "subsidiary corporation," whether now or hereafter existing, as defined in Section 424(f) of
the Code. 

        3.     Stock Subject to the Plan.    Subject to the provisions of Section 11 of the Plan, the maximum aggregate
number of Shares which may be subject to option and sold under the Plan is 2,742,282. The Shares may be authorized but unissued, or reacquired Common Stock. 

        If
an Option expires or becomes unexercisable without having been exercised in full the unpurchased Shares which were subject thereto shall become available for future grant or sale
under the Plan (unless the Plan has terminated). However, Shares that have actually been issued under the Plan upon exercise of an Option shall not be returned to the Plan and shall not become
available for future distribution under the Plan. 

        4.     Administration of the Plan. 

        (a)   The
Plan shall be administered by the Board or a Committee appointed by the Board, which Committee shall be constituted to comply with Applicable Laws and shall consist
of not less than a majority of Directors who are not otherwise employed by the Company. 

        (b)   Powers of the Administrator.    Subject to the provisions of the Plan and, in the case of a Committee, the
specific duties delegated by the Board to such Committee, and subject to the approval of any relevant authorities, the Administrator shall have the authority in its discretion: 

        (i)    to
determine the Fair Market Value; 

        (ii)   to
select the Employees, Directors and Advisory Directors to whom Options may from time to time be granted hereunder; 

        (iii)  to
determine the number of Shares to be covered by each such award granted hereunder; 

        (iv)  to
approve forms of agreement for use under the Plan; 

        (v)   to
determine the rate at which any Option shall vest; provided that no Option may vest at a rate greater than 33.3% a year (except as set forth in Section 9); 

        (vi)  to
prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the
purpose of qualifying for preferred tax treatment under foreign tax laws; 

        (vii) to
allow Optionees to satisfy withholding tax obligations by electing to have the Company withhold from the Shares to be issued upon exercise of an Option that number
of Shares having a Fair Market Value equal to the amount required to be withheld. The Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be
withheld is to be determined. All elections by Optionees to have Shares withheld for this purpose shall be made in such form and under such conditions as the Administrator may deem necessary or
advisable; and 

        (viii) to
construe and interpret the terms of the Plan and awards granted pursuant to the Plan. 

        (c)   Effect of Administrator's Decision.    All decisions, determinations and interpretations of the Administrator
shall be final and binding on all Optionees. 

        5.     Eligibility. 

        (a)   Nonstatutory
Stock Options may be granted to Employees, Directors and Advisory Directors. Incentive Stock Options may be granted only to Employees. 

        (b)   Each
Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. However, notwithstanding such designation, to
the extent that the aggregate Fair Market Value of the Shares with respect to which Incentive Stock Options are exercisable for the first time by the Optionee during any calendar year (under all plans
of the Company and any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(b), Incentive Stock Options shall be
taken into account in the order in which they were granted. The Fair Market Value of the Shares shall be determined as of the time the Option with respect to such Shares is granted. 

        (c)   Neither
the Plan nor any Option shall confer upon any Optionee any right with respect to continuing the Optionee's relationship as a Employee, Director or Advisory
Director with the Company, nor shall it interfere in any way with his or her right or the Company's right to terminate such relationship at any time, with or without cause. 

        6.     Term of Plan.    The Plan shall become effective upon its adoption by the Board. It shall continue in effect for
a term of ten (10) years unless sooner terminated under Section 13 of the Plan. 

        7.     Term of Option.    The term of each Option shall be stated in the Option Agreement; provided, however, that the
term shall be no more than ten (10) years from the date of grant thereof. In the case of an Incentive Stock Option granted to an Optionee who, at the time the Option is granted, owns stock
representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of
grant or such shorter term as may be provided in the Option Agreement. 

        8.     Option Exercise Price and Consideration. 

        (a)   The
per share exercise price for the Shares to be issued upon exercise of an Option shall be no less than 100% of the Fair Market Value per Share on the date of grant,
but shall be subject to the following: 

        (i)    in
the case of an Incentive Stock Option granted to an Employee who, at the time of grant of such Option, owns stock representing more than ten percent (10%) of the
voting power of all classes of stock of the Company or any Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant. 

        (ii)   in
the case of an Incentive Stock Option granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on
the date of grant. 

        (b)   The
consideration to be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in
the case of an Incentive Stock Option, shall be determined at the time of grant). Such consideration may consist of (1) cash, (2) check, (3) other Shares which (x) in the
case of Shares acquired upon exercise of an Option, have been owned by the Optionee for more than six months on the date of surrender, and (y) have a Fair Market Value on the date of surrender
equal to the aggregate exercise price of the Shares as to which such Option shall be exercised, (4) consideration received by the Company under a cashless exercise program implemented by the
Company in connection with the Plan, or (5) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall
consider if acceptance of such consideration may be reasonably expected to benefit the Company. 

        9.     Exercise of Option. 

        (a)   Procedure for Exercise; Rights as a Shareholder.    Any Option granted hereunder shall be exercisable according
to the terms hereof at such times and under such conditions as determined by the Administrator and set forth in the Option Agreement. Unless the Administrator provides otherwise, vesting of Options
granted hereunder shall be tolled during any unpaid leave of absence. An Option may not be exercised for a fraction of a Share. 

         An
Option shall be deemed exercised when the Company receives: (i) written or electronic notice of exercise (in accordance with the Option Agreement) from the person
entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is exercised. Full payment may consist of any consideration and method of payment
authorized by the Administrator and permitted by the Option Agreement and the Plan. Shares issued upon exercise of an Option shall be issued in the name of the Optionee or, if requested by the
Optionee, in the name of the Optionee and his or her spouse. Until the Shares are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of
the Company), no right to vote or receive dividends or any other rights as a shareholder shall exist with respect to the Shares, notwithstanding the exercise of the Option. The Company shall issue (or
cause to be issued) such Shares promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued,
except as provided in Section 11 of the Plan. 

         Exercise
of an Option in any manner shall result in a decrease in the number of Shares thereafter available, both for purposes of the Plan and for sale under the Option, by
the number of Shares as to which the Option is exercised. 

        (b)   Termination of Relationship.    If an Optionee ceases to be a Employee, Director or Advisory Director (except
as set forth in Section 9(c) and (d)), such Optionee may exercise his or her Option within such period of time as is specified in the Option Agreement to the extent that the Option is vested on
the date of termination (but in no event later than the expiration of the term of the Option as set forth in the Option Agreement). In the absence of a specified time in 

the
Option Agreement, the Option shall remain exercisable for three (3) months following the Optionee's termination. If, on the date of termination, the Optionee is not vested as to his or her
entire Option, the Shares covered by the unvested portion of the Option shall immediately revert to the Plan. If, after termination, the Optionee does not exercise his or her Option within the time
specified by the Administrator, the Option shall terminate, and the Shares covered by such Option shall revert to the Plan. 

        (c)   Disability of Optionee.    If an Optionee ceases to be a Employee, Director or Advisory Director as a result of
the Optionee's permanent disability, and the Optionee had remained in the employ of the Company for at least six months following the date of any Option Agreement under the Plan between such Optionee
and the Company, all such Optionee's rights under such Option Agreement shall immediately vest and become exercisable within such period of time as is specified in the Option Agreement (but in no
event later than the expiration of the term of such Option as set forth in the Option Agreement), subject to any other limitation on the exercise of such rights in effect at the date of exercise. If
an Optionee ceases to be a Employee, Director or Advisory Director as a result of the Optionee's disability, and the Optionee had not remained in the employ of the Company for at least six months
following the date of any Option Agreement under the Plan between such Optionee and the Company, the Optionee may exercise his or her Option within such period of time as is specified in the Option
Agreement to the extent the Option is vested on the date of termination (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement). In the absence of a
specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Optionee's termination, and any such Shares covered by the unvested portion of
the Option shall immediately revert to the Plan. If such disability is not a "disability" as such term is defined in Section 22(e)(3) of the Code, in the case of an Incentive Stock Option such
Incentive Stock Option shall automatically cease to be treated as an Incentive Stock Option and shall be treated for tax purposes as a Nonstatutory Stock Option on the day three months and one day
following such termination. If, after termination, the Optionee does not exercise his or her Option within the time specified herein, the Option shall terminate, and the Shares covered by such Option
shall revert to the Plan. 

        (d)   Death of Optionee.    If an Optionee dies while a Employee, Director or Advisory Director, and the Optionee had
remained in the employ of the Company for at least six months following the date of any Option Agreement under the Plan between such Optionee and the Company, all such Optionee's rights under such
Option Agreement immediately vest and become exercisable within such period of time as
is specified in the Option Agreement (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement), subject to any other limitation on the exercise of
such rights in effect at the date of exercise. If an Optionee dies while a Employee, Director or Advisory Director, and the Optionee had not remained in the employ of the Company for at least six
months following the date of any Option Agreement under the Plan between such Optionee and the Company, the Option may be exercised within such period of time as is specified in the Option Agreement
(but in no event later than the expiration of the term of such Option as set forth in the Notice of Grant), but only to the extent that the Option is vested on the date of death. In the absence of a
specified time in the Option Agreement, the Option shall remain exercisable for twelve (12) months following the Optionee's termination, and any such Shares covered by the unvested portion of
the Option shall immediately revert to the Plan. If the Option is not so exercised within the time specified herein, the Option shall terminate, and the Shares covered by such Option shall revert to
the Plan. 

        (e)   Buyout Provisions.    The Administrator may at any time offer to buy out for a payment in cash or Shares, an
Option previously granted, based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 

        (f)    Exercise by Beneficiary.    If a Employee, Director or Advisory Director shall die within the applicable period
specified in Section 9(b), (c) or (d), the executor or administrator of the estate 

of
the decedent or the person or persons to whom the Option shall have been validly transferred by the executor or administrator pursuant to will or the laws of descent and distribution shall have the
right, within the same period of time as the period during which the Optionee would have been entitled to exercise such Option (except that the period of time within which any Option shall be
exercisable following the date of the Optionee's death shall not be less than one year (unless the Option by its terms expires earlier)) to exercise such Option, subject to the provision that no
Option shall be exercised under any circumstances beyond ten years from the date of grant of such Option, and to any other limitation on the exercise of such Option in effect at the date of exercise.
No transfer of an Option by the Optionee shall be effective to bind the Company unless the Company shall have been furnished with written notice of such transfer and a copy of the will and/or such
other evidence as the Administrator may deem necessary to establish the validity of the transfer. No transfer shall be effective without the acceptance by the designated beneficiary or other
transferee of the terms and conditions of such Option. 

        (g)   Minimum Capital of Bank.    The primary federal regulator of the Company's federal banking subsidiary (the
"Bank") can direct the Company to require Optionees to exercise or forfeit their Options if the Bank's capital falls below the minimum regulatory requirements as determined by such primary federal
regulator. In such event, any Options not so exercised shall terminate and be forfeited. 

        10.   Non-Transferability of Options.    Options may not be sold, pledged, assigned, hypothecated,
transferred or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee. 

        11.   Adjustments Upon Changes in Capitalization, Merger or Asset Sale. 

        (a)   Changes in Capitalization.    Subject to any required action by the shareholders of the Company, the number of
shares of Common Stock covered by each outstanding Option, and the number of shares of Common Stock which have been authorized for issuance under the Plan but as to which no Options have yet been
granted or which have been returned to the Plan upon cancellation or expiration of an Option, as well as the price per share of Common Stock covered by each such outstanding Option, shall be
proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification
of the Common Stock, or any other increase or decrease in the number of issued shares of Common Stock effected without receipt of consideration by the Company. The conversion of any convertible
securities of the Company shall not be deemed to have been "effected without receipt of consideration." Such adjustment shall be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and
no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option. 

        (b)   Dissolution or Liquidation.    In the event of the proposed dissolution or liquidation of the Company, the
Administrator shall notify each Optionee as soon as practicable prior to the effective date of such proposed transaction. The Administrator in its discretion may provide for an Optionee to have the
right to exercise his or her Option until fifteen (15) days prior to such transaction as to all of the Optioned Stock covered thereby, including Shares as to which the Option would not
otherwise be exercisable. In addition, the Administrator may provide that any Company repurchase option applicable to any Shares purchased upon exercise of an Option shall lapse as to all such Shares,
provided the proposed dissolution or liquidation takes place at the time and in the manner contemplated. To the extent it has not been previously exercised, an Option will terminate immediately prior
to the consummation of such proposed action. 

        (c)   Merger or Asset Sale.    In the event of a merger of the Company with or into another corporation, or the sale
of substantially all of the assets of the Company, each outstanding Option shall be assumed or an equivalent option or right substituted by the successor corporation or a 

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

        12.   Time of Granting Options and Notice.    The date of grant of an Option shall, for all purposes, be the date on
which the Administrator makes the determination granting such Option. Notice of the determination shall be given to each person to whom an Option is so granted within a reasonable time after the date
of such grant. 

        13.   Amendment and Termination of the Plan. 

        (a)   Amendment and Termination.    The Board may at any time amend, alter, suspend or terminate the Plan; provided,
however, that the Board shall obtain shareholder approval of any significant or material Plan amendment or change. 

        (b)   Shareholder Approval.    The Board shall obtain shareholder approval of any Plan amendment to the extent
necessary and desirable to comply with Applicable Laws. 

        (c)   Effect of Amendment or Termination.    No amendment, alteration, suspension or termination of the Plan shall
impair the rights of any Optionee, unless mutually agreed otherwise between the Optionee
and the Administrator, which agreement must be in writing and signed by the Optionee and the Company. Termination of the Plan shall not affect the Administrator's ability to exercise the powers
granted to it hereunder with respect to Options granted under the Plan prior to the date of such termination. Once issued, an Option may not be modified by the Administrator or the Optionee. 

        14.   Conditions Upon Issuance of Shares. 

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

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

        15.   Inability to Obtain Authority.    The inability of the Company to obtain authority from any regulatory body
having jurisdiction, which authority is deemed by the Company's counsel to be 

necessary
to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained. 

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

        17.   Shareholder Approval.    The Plan shall be subject to approval by the shareholders of the Company within twelve
(12) months after the date the Plan is adopted. Such shareholder approval shall be obtained in the degree and manner required under Applicable Laws. 

QuickLinks

Exhibit 10.1

LYDIAN TRUST COMPANY 1999 STOCK PLAN (amended as of May 10, 2001 and to reflect a two-for-one stock split effective December 15, 2003)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00059-of-00352.parquet"}]]