Document:

Exhibit 10.3
	 

	 
		EXECUTION COPY
	 

	 
		CONTRIBUTION AGREEMENT
	 

	 
		This CONTRIBUTION AGREEMENT (this
		“Agreement”), dated as of June 27, 2007, is by and between
		CIT Real Estate Holding Corporation, a Delaware corporation
		(“CIT Holding”) and Care Investment Trust Inc., a Maryland
		corporation (the “Company”).
	 

	 
		W I T N E
		S S E T H:
	 

	 
		WHEREAS, CIT Holding desires to contribute
		all of its right, title and interest to the assets set forth on Schedule 1
		hereto (collectively, the “Initial
		Assets”) to the Company in
		exchange for the issuance of 5,256,250 shares of common stock, par value $0.001
		per share, of the Company (the “Common Stock”) and a cash payment of $204,271,261.37 (the
		“Cash Payment”) from the net proceeds of the initial public
		offering of shares of common stock of the Company (the “IPO”);
	 

	 
		WHEREAS, the Company desires to issue the
		Common Stock and to deliver the Cash Payment to CIT Holding in exchange for CIT
		Holding’s contribution of the Initial Assets.
	 

	 
		NOW, THEREFORE, in consideration for the
		foregoing and other good and valuable consideration, the receipt of which is
		hereby acknowledged, the parties hereto agree as follows:
	 

	 
		Section 1. Contribution
		of the Initial Assets. On the terms and
		subject to the conditions of this Agreement, CIT Holding shall transfer,
		assign, convey and deliver to the Company all right, title and interest in and
		to the Initial Assets.
	 

	 
		Section 2. Payment for the Initial Assets. In consideration for the contribution of the Initial
		Assets, the Company shall (i) issue 5,256,250 shares of Common Stock to CIT
		Holding and (ii) make the Cash Payment to CIT Holding. The Cash Payment shall
		be proportionately adjusted downward to reflect any payments made to or
		received by CIT Holding pursuant to Section 4(a)(i) and (ii).
	 

	 
		Section 3. Closing. The
		closing (the “Closing”)
		of the contribution of the Initial Assets and the payment therefore, including
		the issuance of the Common Stock and the delivery of the Cash Payment, shall be
		held at the offices of Skadden, Arps, Slate, Meagher & Flom LLP on the date
		of the closing of the IPO.
	 

	 
		Section 4. Closing Allocations.
		
	 

	 
		(a) Payments Belonging to CIT Holding. CIT Holding is entitled to (i) all payments of
		principal on the Initial Assets, as well as any prepayment penalty or premium
		associated therewith, that are due on or before the Closing Date and that are
		collected on or
	 

	 
		 
	 

	 
	 

	 

	 
		before that date, (ii) all payments of
		principal on the Initial Assets, as well as any prepayment penalty or premium
		associated therewith, that are due on or before the Closing Date and that are
		collected after that date, and (iii) all payments of interest that represent
		interest accruing on the Initial Assets through and including the day prior to
		the Closing Date. If and to the extent any such payments are received by the
		Company, the Company will remit such payments to CIT Holding promptly upon
		receipt thereof. Notwithstanding its status as owner of the Initial Assets
		after the Closing, the Company will not waive or forgive (or otherwise forbear
		from the enforcement and collection of) such payments.
	 

	 
		(b) Payments Belonging to the Company. The Company is entitled to (i) all payments of
		principal on the Initial Assets, as well as any prepayment penalty or premium
		associated therewith, that are collected by CIT Holding on or prior to the
		Closing Date and due after the Closing Date, (ii) all payments of principal on
		the Initial Assets, as well as any prepayment penalty or premium associated
		therewith, that are collected after the Closing Date and due after the Closing
		Date, and (iii) all payments of interest that represent interest accruing on
		the Initial Assets on and after the Closing Date and that are collected after
		the Closing Date. If and to the extent any such payments are received by CIT
		Holding, CIT Holding will remit such payments to the Company promptly upon
		receipt thereof.
	 

	 
		Section 5. Deliveries at Closing.
	 

	 
		(a) CIT Holding shall deliver to the Company
		at the Closing:
	 

	 
		(i) with respect to each of the Initial
		Assets identified on Schedule 1 hereto, such endorsements, assignment and
		assumption agreements and other instruments of transfer, all in the form
		satisfactory to the Company, as may be required to vest good title in and to
		the Initial Assets in the Company (“Transfer Instruments”), executed by CIT Holding and each other required
		party other than the Company; 
	 

	 
		(ii) copies of any approvals or consents
		required under the underlying loan documents more particularly described on
		Schedule 1 hereto in order to consummate the transfers herein contemplated.
		Schedule 1 identifies each Initial Asset that requires a consent in connection
		with the transaction herein contemplated; and
	 

	 
		(iii) any books and records with respect to
		each of the Initial Assets identified on Schedule 1 hereto.
	 

	 
		(b) the Company shall deliver to CIT Holding
		at the Closing:
	 

	 
		 
	 

	 
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		(i) a certificate or other documentation
		evidencing 5,256,250 shares of its Common Stock; 
	 

	 
		(ii) the Cash Payment by wire transfer of
		immediately available funds to an account designated by CIT Holding in
		accordance with written wire instructions delivered by CIT Holding to the
		Company; and
	 

	 
		(iii) to the extent applicable, counterparts
		of the Transfer Instruments executed by the Company. 
	 

	 
		Section 6. Conditions to Closing.
	 

	 
		(a) The obligation of CIT Holding to
		contribute the Initial Assets to the Company in exchange for the Common Stock
		and the Cash Payment is subject to the following conditions (which conditions
		may be waived by CIT Holding in CIT Holding’s sole discretion):
	 

	 
		(i) that at the time of the Closing, each of
		the representations and warranties of the Company made in this Agreement shall
		be true and correct; and
	 

	 
		(ii) all required approvals and consents to
		the transactions contemplated by this Agreement shall have been obtained from
		all necessary third parties; and
	 

	 
		(iii) the IPO shall have been
		consummated.
	 

	 
		(b) The obligation of the Company to issue
		the Common Stock and make the Cash Payment to CIT Holding in exchange for the
		Initial Assets is subject to the following conditions (which conditions may be
		waived by the Company in the Company’s sole discretion): 
	 

	 
		(i) that at the time of the Closing, each of
		the representations and warranties of CIT Holding made in this Agreement shall
		be true and correct;
	 

	 
		(ii) CIT Holding shall have executed and
		delivered to the Company the Transfer Instruments, executed by CIT Holding and
		all other required parties other than the Company;
	 

	 
		 
	 

	 
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		(iii) all required approvals and consents to
		the transactions contemplated by this Agreement shall have been obtained from
		all necessary third parties;
	 

	 
		(iv) to the best of CIT Holding’s
		knowledge, there shall be no material pending or threatened litigation
		regarding the Initial Assets; and
	 

	 
		(v) the IPO shall have been consummated and
		the net proceeds therefrom shall have been delivered to the Company.
	 

	 
		Section 7. Representations and Warranties of CIT
		Holding. CIT Holding hereby represents
		and warrants to the Company, as follows:
	 

	 
		(a) CIT Holding is a corporation duly
		organized, validly existing and in good standing under the laws of the State of
		Delaware.
	 

	 
		(b) CIT Holding has the full power and
		authority to enter into and consummate all transactions contemplated by this
		Agreement, has duly authorized the execution, delivery and performance of this
		Agreement, and has duly executed and delivered this Agreement.
	 

	 
		(c) This Agreement, assuming due
		authorization, execution and delivery by the Company, constitutes a valid,
		legal and binding obligation of CIT Holding, enforceable against CIT Holding in
		accordance with the terms hereof, subject to (A) applicable bankruptcy
		insolvency, reorganization, moratorium and other laws affecting the enforcement
		of creditors’ rights generally, (B) general principles of equity,
		regardless of whether such enforcement is considered in a proceeding in equity
		or at law and (C) public policy considerations underlying the securities laws,
		to the extent that such public policy considerations limit the enforceability
		of the provisions of this Agreement that purport to provide indemnification for
		securities laws liabilities.
	 

	 
		(d) The execution and delivery by CIT
		Holding of this Agreement and its performance of, and compliance with, the
		terms of this Agreement will not conflict with or constitute a breach,
		violation, or default under (A) its certificate of incorporation or bylaws, (B)
		any law, any order or decree of any court or arbiter, or any order, regulation
		or demand of any federal, state or local government or regulatory authority,
		which violation in CIT Holding’s good faith and reasonable judgment is
		likely to affect materially and adversely either the ability of CIT Holding to
		perform its obligations under this Agreement or the financial condition of CIT
		Holding or (C) any indenture, loan or credit agreement, or any other agreement,
		contract, instrument, mortgage, lien, lease, permit, authorization, order,
		writ, judgment, injunction or decree to which CIT Holding is a party or by
		which any Initial Asset is bound or affected; the
	 

	 
		 
	 

	 
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		consummation of the transactions
		contemplated by this Agreement will not result in the cancellation,
		modification or termination of, or the acceleration of, or the creation of any
		charges, claims, conditions, options, assignments, preemptive rights, rights of
		first refusal, security interests, hypothecations, encumbrances, mortgages,
		liens or pledges (collectively, “Liens”) on
		the Initial Assets pursuant to any agreement, license, lease, understanding,
		contract, indenture, mortgage, instrument, promise, undertaking or other
		commitment or obligation (“Contracts”)
		under which CIT Holding or any Initial Asset is subject to or bound.
	 

	 
		(e) CIT Holding has not dealt with any
		person that may be entitled to any commission or compensation in connection
		with the transfer of the Initial Assets. CIT Holding or the obligor on the
		promissory note or notes related to each Initial Asset (the
		“Obligor”) has paid any and all amounts due to any such
		person, and the Company shall have no responsibility for any payments due any
		such person.
	 

	 
		(f) As of the date of this Agreement, all of
		the Initial Assets as described on Schedule 1 are owned by CIT Holding and CIT
		Holding has good title to all of the Initial Assets, free and clear of all
		Liens.
	 

	 
		(g) There are no Contracts, and CIT Holding
		will not enter into Contracts, with any other person or entity to sell,
		transfer, assign or in any manner create a Lien on, the Initial Assets, or to
		not sell, transfer or assign the Initial Assets to the Company.
	 

	 
		(h) No consents or approval, other than
		those that have been obtained or will be obtained on or before the Closing, are
		required for the transfer of the Initial Assets in accordance with the terms of
		this Agreement.
	 

	 
		(i) The Transfer Instruments are sufficient
		to convey to the Company all right, title and interest in the Initial Assets in
		all relevant jurisdictions, except to the extent that a recording or other
		filing is required to transfer such Initial Asset.
	 

	 
		(j) To the best of CIT Holding’s
		knowledge, there is no material default, breach, violation or event of
		acceleration existing under any Initial Asset and no event that, with the
		passage of time, or with notice and the expiration of any grace or cure period,
		would constitute a material default, breach, violation or event of acceleration
		thereunder.
	 

	 
		(k) To CIT Holding’s knowledge, each
		property related to an Initial Asset is in all material respects in compliance
		with and lawfully used, operated and occupied under applicable zoning and
		building laws or regulations, and CIT Holding has not received notification
		from any governmental authority that any such property fails to comply with
		such laws or regulations, is being used, operated or occupied unlawfully or has
		failed to obtain or maintain any inspection, license or certificates material
		to the operation of such property.
	 

	 
		 
	 

	 
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		(l) To the best of CIT Holding’s
		knowledge, there are no actions, suits or proceedings pending, or known to be
		threatened, before any court, administrative agency or arbitrator concerning an
		Initial Asset or the applicable collateral securing the Initial Asset (the
		“Collateral”) that might materially and adversely affect (1)
		title to such Initial Asset, (2) the validity or enforceability thereof, (3)
		the value of the Collateral as security for the Initial Asset or (4) the
		marketability of such Collateral.
	 

	 
		(m) The information set forth on Schedule 2
		hereto is true and accurate in all material respects. 
	 

	 
		Section 8. Representations and Warranties of the
		Company. The Company hereby represents
		and warrants to CIT Holding as follows:
	 

	 
		(a) The Company is duly organized, validly
		existing and in good standing under the laws of the State of Maryland.
	 

	 
		(b) The Company has the full power and
		authority to enter into and consummate all transactions contemplated by this
		Agreement, has duly authorized the execution, delivery and performance of this
		Agreement and has duly executed and delivered this Agreement.
	 

	 
		(c) This Agreement, assuming due
		authorization, execution and delivery by CIT Holding, constitutes a valid,
		legal and binding obligation of the Company, enforceable against the Company in
		accordance with the terms hereof, subject to (A) applicable bankruptcy,
		insolvency, reorganization, moratorium and other laws affecting the enforcement
		of creditors’ rights generally, (B) general principles of equity,
		regardless of whether such enforcement is considered in a proceeding in equity
		or at law and (C) public policy considerations underlying the securities laws,
		to the extent that such public policy considerations limit the enforceability
		of the provisions of this Agreement that purport to provide indemnification for
		securities laws liabilities.
	 

	 
		(d) the Company is not in violation of, and
		its execution and delivery of this Agreement and its performance of, and
		compliance with, the terms of this Agreement will not constitute a violation
		of, any law, any order or decree of any court or arbiter, or any order,
		regulation or demand of any federal, state or local governmental or regulatory
		authority, which violation, in the Company’s good faith and reasonable
		judgment, is likely to affect materially and adversely either the ability of
		the Company to perform its obligations under this Agreement or the financial
		condition of the Company.
	 

	 
		 
	 

	 
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		Section 9. Investment Representations and
		Warranties. CIT Holding hereby
		represents and warrants to the Company as follows:
	 

	 
		(a) The Common Stock to be acquired by CIT
		Holding is being acquired for CIT Holding’s own account with the present
		intention of holding such interests for purposes of investment, and CIT Holding
		presently has no intention of selling such interests in a public distribution,
		and the Common Stock will not be disposed of in contravention of the Securities
		Act of 1933, as amended (the “Act”), or
		any applicable state securities laws.
	 

	 
		(b) CIT Holding understands that the shares
		of Common Stock have not been registered under the Act or any state securities
		laws by reason of specific exemptions under the provisions thereof, the
		availability of which depend in part upon the bona fide nature of CIT
		Holding’s investment intent and upon the accuracy of CIT Holding’s
		representations made in this Section 9.
	 

	 
		(c) CIT Holding understands that the shares
		of Common Stock are “restricted securities” under the applicable
		federal securities laws and that the Securities Act and the rules of the
		Securities and Exchange Commission provide in substance that CIT Holding may
		dispose of the Common Stock only pursuant to an effective registration
		statement under the Securities Act or an exemption therefrom.
	 

	 
		(d) CIT Holding is a “qualified
		institutional buyer” as that term is defined in Rule 144A under the Act
		and an “accredited investor” as that term is defined in Rule 501(a)
		under the Act. CIT Holding acknowledges that: (i) it has adequate means of
		providing for its current needs and has no need for liquidity in this
		investment; (ii) it is able to bear the economic risk of this investment; (iii)
		it is able to hold the Common Stock indefinitely; and (iv) it is able to afford
		a complete loss of this investment.
	 

	 
		Section 10. Survival of Representations, Warranties and
		Covenants. All representations,
		warranties and covenants contained in this Agreement shall survive the Closing.
		Upon discovery by either party hereto of a breach of any of the representations
		and warranties set forth in Sections 7, 8 and 9 that materially and adversely
		affects the interests of the other party hereto, the party discovering such
		breach shall give prompt written notice to the other party hereto.
	 

	 
		Section 11. Remedies After Closing Upon Breach of Representations
		and Warranties Made by CIT Holding.
	 

	 
		(a) Opportunity to Cure; Repurchase. If, within 12 months after the Closing, there is a
		breach of any of the representations and warranties in Section 7 made by CIT
		Holding regarding the characteristics of any Initial Asset, and such breach
		materially and
	 

	 
		 
	 

	 
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		adversely affects the value of such Initial
		Asset (a “Material
		Breach”), the Company will
		promptly notify CIT Holding in writing of the Material Breach. Such notice must
		be given not more than 10 days after the Company first gains knowledge of such
		Material Breach, but in any event, no later than 12 months after the Closing,
		and must describe the asserted Material Breach in reasonable detail, and must
		also indicate the amount the Company in good faith estimates the value of the
		affected Initial Asset has been diminished as a result of such asserted
		Material Breach (the “Diminution in
		Value”). CIT Holding may then
		elect in its sole and absolute discretion to either pay to the Company the
		Diminution in Value, or (ii) attempt to cure or correct such asserted Material
		Breach in all material respects within the applicable Permitted Cure Period (as
		defined below).
	 

	 
		For purposes of the foregoing, and subject
		to the following paragraph, the “Permitted Cure Period” applicable to any Material Breach in respect of
		an Initial Asset will be the 90-day period immediately following receipt by CIT
		Holding of written notice of such Material Breach. If such Material Breach
		cannot be corrected or cured in all material respects within such 90-day
		period, but it is reasonably likely that such Material Breach can be corrected
		or cured and CIT Holding is diligently attempting to effect such correction or
		cure, then the applicable Permitted Cure Period will be extended for an
		additional 90 days.
	 

	 
		Section 12. Indemnity.
		
	 

	 
		(a) Indemnification by CIT Holding. CIT Holding hereby agrees to indemnify and hold the
		Company harmless from and against any and all damage, expense, loss, cost,
		claim or liability (each a “Claim”)
		suffered or incurred by the Company as a result of any of the following:
		
	 

	 
		(i) any untruth or inaccuracy in, or any
		breach of, any of the representations or warranties made by CIT Holding in
		Sections 7 and 9 of this Agreement; or
	 

	 
		(ii) any breach of, or failure to perform,
		any agreement of CIT Holding contained in this Agreement.
	 

	 
		(b) Scope of Indemnity. Notwithstanding anything to the contrary otherwise
		provided in this Agreement:
	 

	 
		(i) except in the case of fraud, the
		indemnification set forth in Section 12(a) shall be limited to an amount equal
		to the value of the Common Stock and the Cash Payment received by CIT Holding
		on the date hereof; and
	 

	 
		 
	 

	 
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		(ii) the indemnification set forth in
		Section 12(a) shall only extend to any Claim which arises within twelve months
		following the Closing.
	 

	 
		(c) Notice. To the
		extent that a Claim is asserted by a third party, the party hereto seeking
		indemnification pursuant to Section 12(a) (“Indemnitee”) shall give prompt written notice to the party
		hereto from whom indemnification is sought (“Indemnitor”) as to the assertion of any Claim, or the
		commencement of any Claim. Subject to Section 12(b)(ii), the omission of
		Indemnitee to notify Indemnitor of any such Claim shall not relieve Indemnitor
		from any liability in respect of such Claim that it may have to Indemnitee on
		account of this Agreement nor shall it relieve Indemnitor from any other
		liability that it may have to Indemnitee, provided,
		however, that Indemnitor shall be relieved of liability to the
		extent that the failure so to notify (a) shall have caused prejudice to the
		defense of such Claim, or (b) shall have materially increased the costs or
		liability of Indemnitor by reason of the inability or failure of Indemnitor
		(because of the lack of prompt notice from Indemnitee) to be involved in any
		investigations or negotiations regarding any such Claim. In case any such Claim
		shall be asserted or commenced against Indemnitee and it shall notify
		Indemnitor thereof, Indemnitor shall be entitled to participate in the
		negotiation or administration thereof and, to the extent it may wish, to assume
		the defense thereof with counsel reasonably satisfactory to Indemnitee, and,
		after notice from Indemnitor to Indemnitee of its election so to assume the
		defense thereof, which notice shall be given within 15 days of its receipt of
		such notice from Indemnitee. Indemnitor will not be liable to Indemnitee
		hereunder for any legal or other expenses subsequently incurred by Indemnitee
		in connection with the defense thereof other than reasonable costs of
		investigation. Indemnitor shall not settle any Claim in any manner that does
		not completely relieve Indemnitee of liability for such Claim, without the
		written consent of Indemnitee, which consent shall not be unreasonably withheld
		or delayed.
	 

	 
		Section 13. Expenses.
		Whether or not the Closing occurs, all reasonable costs and expenses incurred
		in connection with this Agreement and the transactions contemplated hereby
		(including reasonable attorneys fees and expenses) shall be paid by each of the
		respective parties with respect to their own costs and expenses.
	 

	 
		Section 14. Notices. All
		notices, requests and other communications to any party hereunder shall be in
		writing (including facsimile or similar writing) and shall be given,
	 

	 
		If to the Company:
	 

	 
		Care Investment Trust Inc.
	 

	 
		c/o CIT Healthcare LLC
	 

	 
		505 Fifth Avenue, 6th
		Floor
	 

	 
		New York, New York 10017
	 

	 
		Attention: Chief Executive Officer
	 

	 
		Facsimile No.: (212) 771-9317
	 

	 
		 
	 

	 
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		If to CIT Holding:
	 

	 
		CIT Real Estate Holding Corporation
	 

	 
		c/o CIT Healthcare LLC
	 

	 
		505 Fifth Avenue, 6th
		Floor
	 

	 
		New York, New York 10017
	 

	 
		Attention: President
	 

	 
		Facsimile No.: (212) 771-9317
	 

	 
		Section 15. Further Assurances. From time to time following the Closing, CIT Holding
		shall execute and deliver, or cause to be executed and delivered, to the
		Company such other documents or instruments of conveyance and transfer as the
		Company may reasonably request or as may be otherwise necessary to more
		effectively convey and transfer to, and vest in the Company the Initial Assets,
		or in order to fully effectuate and to implement the purposes, terms and
		provisions of this Agreement.
	 

	 
		Section 16. Entire Agreement: No Other
		Representations. Except as expressly
		agreed in a separate writing signed by the parties hereto on or after the date
		of this Agreement, this Agreement constitutes the entire agreement, and
		supersedes all other prior agreements and understandings, both written and
		oral, between the parties, with respect to the subject matter hereof.
	 

	 
		Section 17. Severability.
		The provisions of this Agreement shall be deemed severable and the invalidity
		or unenforceability of any provision shall not affect the validity or
		enforceability of the other provisions hereof. If any provision of this
		Agreement, or the application thereof to any person or entity or any
		circumstance, is invalid or unenforceable (a) a suitable and equitable
		provision shall be substituted therefor in order to carry out, so far as may be
		valid and enforceable, the intent and purpose of such invalid or unenforceable
		provision and (b) the remainder of this Agreement and the application of such
		provision to other persons or entities or circumstances shall not be affected
		by such invalidity or unenforceability, nor shall such invalidity or
		unenforceability affect the validity or enforceability of such provision, or
		the application thereof, in any other jurisdiction.
	 

	 
		Section 18. Interpretation.
		The section references and headings herein are for convenience of reference
		only, do not constitute part of this Agreement and shall not be deemed to limit
		or otherwise affect any of the provisions hereof.
	 

	 
		Section 19. Successors and Assigns. This Agreement shall be binding upon and inure to the
		benefit of the parties hereto and their successors and assigns. the Company
		shall have the right to assign its rights under this agreement with respect to
		any Initial Asset to any purchaser of such Initial Asset. Nothing in this
		Agreement, expressed or implied, is intended or shall be construed to confer
		upon any person or entity other than the parties and their successors and
		assigns any right, remedy or claim under or by reason of this Agreement.

	 

	 
		 
	 

	 
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		Section 20. Counterparts;
		Facsimile Signatures. This Agreement
		may be executed in one or more counterparts, each of which shall be deemed to
		be an original but all of which shall constitute one instrument. The parties
		may also execute this Agreement by the facsimile exchange of executed signature
		pages.
	 

	 
		Section 21. Enforcement; No Joint Venture or Partnership; No Third
		Party Beneficiaries
	 

	 
		(a) If any suit, action or other legal
		proceeding is brought to enforce any provision of this Agreement, the party
		ultimately prevailing in such action or proceeding shall be entitled to recover
		the reasonable costs (including reasonable legal fees and expenses) of bringing
		or defending such action or proceeding.
	 

	 
		(b) CIT Holding and the Company intend that
		the relationships created hereunder be solely that of purchaser and seller.
		Nothing herein or therein is intended to create a joint venture, partnership,
		tenancy in common, or joint tenancy relationship between the Company, on the
		one hand, and CIT Holding, on the other hand.
	 

	 
		(c) This Agreement is solely for the benefit
		of CIT Holding and the Company and nothing contained in this Agreement shall be
		deemed to confer upon anyone other than the CIT Holding and the Company any
		right to insist upon or to enforce the performance or observance of any of the
		obligations contained herein or therein. 
	 

	 
		 
	 

	 
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		Section 22. Governing Law.
		THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS
		AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
		WITH, THE LAW OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO IRREVOCABLY
		SUBMITS TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK
		AND THE UNITED STATES DISTRICT COURT FOR ANY DISTRICT WITHIN SUCH STATE FOR THE
		PURPOSE OF ANY ACTION OR JUDGMENT RELATING TO OR ARISING OUT OF THIS AGREEMENT
		OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY AND TO THE LAYING OF VENUE IN
		SUCH COURT.
	 

	 
		Section 23. Waiver of Jury Trial. EACH PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY
		CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
		COMPLICATED AND DIFFICULT ISSUES, AND, THEREFORE, EACH SUCH PARTY HEREBY
		IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY
		APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT TO
		ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH
		OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS
		AGREEMENT.
	 

	 
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		IN WITNESS WHEREOF, each of the parties
		hereto have executed this Contribution Agreement as of the date first written
		above.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  CARE INVESTMENT TRUST INC.
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  /s/ F. Scott Kellman
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	
				
				  F. Scott Kellman
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title: 
				

			 	
				
				   Chief Executive Officer
				   and President
				

			 

 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  CIT REAL ESTATE HOLDING
				  CORPORATION
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  /s/ Anne Beroza
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	
				
				  Anne Beroza
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title: 
				

			 	
				
				  PresidentExhibit 10.4
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
		CARE INVESTMENT TRUST INC.
	 

	 
		EQUITY PLAN
	 

	 
		

	 

	 
		 
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 			
	
			 
				 
			 

		  	
			 
				CARE INVESTMENT TRUST INC.
			 

		  	
			 
				 
			 

		  
	
			 
				 
			 

		  	
			 
				EQUITY PLAN
			 

		  	
			 
				 
			 

		  
	
			 
				 
			 

		  	
			 
				SECTION
			 

		  	
			 
				PAGE
			 

		  
	
			 
				1.
			 

		  	
			 
				PURPOSE; TYPES OF AWARDS; CONSTRUCTION.
			 

		  	
			 
				1
			 

		  
	
			 
				2.
			 

		  	
			 
				DEFINITIONS.
			 

		  	
			 
				1
			 

		  
	
			 
				3.
			 

		  	
			 
				ADMINISTRATION.
			 

		  	
			 
				4
			 

		  
	
			 
				4.
			 

		  	
			 
				ELIGIBILITY.
			 

		  	
			 
				5
			 

		  
	
			 
				5.
			 

		  	
			 
				STOCK SUBJECT TO THE PLAN.
			 

		  	
			 
				5
			 

		  
	
			 
				6.
			 

		  	
			 
				TERMS OF AWARDS.
			 

		  	
			 
				6
			 

		  
	
			 
				7.
			 

		  	
			 
				ACCELERATION OF AWARDS UPON CERTAIN TERMINATIONS OF SERVICE.

			 

		  	
			 
				11
			 

		  
	
			 
				8.
			 

		  	
			 
				CHANGE IN CONTROL.
			 

		  	
			 
				12
			 

		  
	
			 
				9.
			 

		  	
			 
				GENERAL PROVISIONS.
			 

		  	
			 
				13
			 

		  

	 
		

	 

	 
		

	 

	 
		
 

	 

	 
		
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		Approved: June 19, 2007
	 

	 
		CARE INVESTMENT TRUST INC.
	 

	 
		EQUITY PLAN
	 

	 
		
	 

	 
		1.
	 

	 
		PURPOSE; TYPES OF AWARDS; CONSTRUCTION.
	 

	 
		THE PURPOSES OF THE CARE INVESTMENT TRUST INC. EQUITY PLAN (THE
		"PLAN") ARE TO AFFORD AN INCENTIVE TO THE DIRECTORS AND OFFICERS, ADVISORS AND
		CONSULTANTS OF CARE INVESTMENT TRUST INC. (THE "COMPANY") WHO ARE IN ANY CASE
		NATURAL PERSONS AND PROVIDING SERVICES TO THE COMPANY, INCLUDING WITHOUT
		LIMITATION INDIVIDUALS WHO ARE EMPLOYEES OF THE MANAGER OR ONE OF ITS
		AFFILIATES WHO ARE PROVIDING SERVICES TO THE COMPANY, TO CONTINUE AS DIRECTORS,
		OFFICERS, ADVISORS AND CONSULTANTS, TO INCREASE THEIR EFFORTS ON BEHALF OF THE
		COMPANY AND TO PROMOTE THE SUCCESS OF THE COMPANY'S BUSINESS.  THE PLAN
		PROVIDES FOR THE GRANT OF STOCK OPTIONS, STOCK APPRECIATION RIGHTS, RESTRICTED
		STOCK, RESTRICTED STOCK UNITS AND OTHER EQUITY-BASED AWARDS.
	 

	 
		
	 

	 
		2.
	 

	 
		DEFINITIONS.
	 

	 
		FOR PURPOSES OF THE PLAN, THE FOLLOWING TERMS SHALL BE DEFINED AS SET
		FORTH BELOW:
	 

	 
		(A)
	 

	 
		"AFFILIATE" MEANS (I) ANY PERSON DIRECTLY OR INDIRECTLY CONTROLLING,
		CONTROLLED BY, OR UNDER COMMON CONTROL WITH SUCH OTHER PERSON, (II) ANY
		EXECUTIVE OFFICER OR GENERAL PARTNER OF SUCH OTHER PERSON AND (III) ANY LEGAL
		ENTITY FOR WHICH SUCH PERSON ACTS AS AN EXECUTIVE OFFICER OR GENERAL
		PARTNER.
	 

	 
		(B)
	 

	 
		"AWARD" MEANS ANY OPTION, STOCK APPRECIATION RIGHT, RESTRICTED STOCK,
		RESTRICTED STOCK UNIT OR OTHER STOCK-BASED AWARD GRANTED UNDER THE PLAN.
	 

	 
		(C)
	 

	 
		"AWARD AGREEMENT" MEANS ANY WRITTEN AGREEMENT, CONTRACT OR OTHER
		INSTRUMENT OR DOCUMENT EVIDENCING AN AWARD.
	 

	 
		(D)
	 

	 
		"BOARD" MEANS THE BOARD OF DIRECTORS OF THE COMPANY.
	 

	 
		(E)
	 

	 
		“CHANGE IN CONTROL” MEANS: 
	 

	 
		(I) ANY PERSON BECOMES THE BENEFICIAL OWNER, DIRECTLY OR INDIRECTLY,
		OF SECURITIES OF THE COMPANY REPRESENTING THIRTY-FIVE PERCENT (35%) OR MORE OF
		THE COMBINED VOTING POWER OF THE COMPANY’S THEN OUTSTANDING SECURITIES; OR
		 
	 

	 
		(II)   THE FOLLOWING INDIVIDUALS CEASE FOR ANY REASON TO
		CONSTITUTE A MAJORITY OF THE NUMBER OF DIRECTORS THEN SERVING: INDIVIDUALS WHO,
		ON THE EFFECTIVE DATE, CONSTITUTE THE BOARD AND ANY NEW DIRECTOR (OTHER THAN A
		DIRECTOR WHOSE INITIAL ASSUMPTION OF OFFICE IS IN CONNECTION WITH AN ACTUAL OR
		THREATENED ELECTION CONTEST, INCLUDING, BUT NOT LIMITED TO, A CONSENT
		SOLICITATION, RELATING TO THE ELECTION OF DIRECTORS OF THE COMPANY) WHOSE
		APPOINTMENT OR ELECTION BY THE BOARD OR NOMINATION FOR ELECTION BY THE
		COMPANY’S STOCKHOLDERS WAS APPROVED OR RECOMMENDED BY A VOTE OF AT LEAST A
		MAJORITY OF THE DIRECTORS THEN STILL IN OFFICE WHO EITHER WERE DIRECTORS ON THE
		EFFECTIVE DATE OR 
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		WHOSE APPOINTMENT, ELECTION OR NOMINATION FOR ELECTION WAS PREVIOUSLY
		SO APPROVED OR RECOMMENDED; OR  
	 

	 
		(III) THERE IS CONSUMMATED A MERGER OR CONSOLIDATION OF THE
		COMPANY OR ANY SUBSIDIARY WITH ANY OTHER CORPORATION, OTHER THAN (A) A MERGER
		OR CONSOLIDATION WHICH WOULD RESULT IN THE VOTING SECURITIES OF THE COMPANY
		OUTSTANDING IMMEDIATELY PRIOR TO SUCH MERGER OR CONSOLIDATION CONTINUING TO
		REPRESENT (EITHER BY REMAINING OUTSTANDING OR BY BEING CONVERTED INTO VOTING
		SECURITIES OF THE SURVIVING ENTITY OR ANY PARENT THEREOF), IN COMBINATION WITH
		THE OWNERSHIP OF ANY TRUSTEE OR OTHER FIDUCIARY HOLDING SECURITIES UNDER AN
		EMPLOYEE BENEFIT PLAN OF THE COMPANY OR ANY SUBSIDIARY OF THE COMPANY, MORE
		THAN FIFTY PERCENT (50%) OF THE COMBINED VOTING POWER OF THE SECURITIES OF THE
		COMPANY OR SUCH SURVIVING ENTITY OR ANY PARENT THEREOF OUTSTANDING IMMEDIATELY
		AFTER SUCH MERGER OR CONSOLIDATION, OR (B) A MERGER OR CONSOLIDATION EFFECTED
		TO IMPLEMENT A RECAPITALIZATION OF THE COMPANY (OR SIMILAR TRANSACTION) IN
		WHICH NO PERSON IS OR BECOMES THE BENEFICIAL OWNER, DIRECTLY OR INDIRECTLY, OF
		SECURITIES OF THE COMPANY REPRESENTING THIRTY-FIVE PERCENT (35%) OR MORE OF THE
		COMBINED VOTING POWER OF THE COMPANY’S THEN OUTSTANDING SECURITIES; OR
		 
	 

	 
		(IV)     THE STOCKHOLDERS OF THE COMPANY APPROVE A
		PLAN OF COMPLETE LIQUIDATION OR DISSOLUTION OF THE COMPANY OR THERE IS
		CONSUMMATED AN AGREEMENT FOR THE SALE OR DISPOSITION BY THE COMPANY OF ALL OR
		SUBSTANTIALLY ALL OF THE COMPANY’S ASSETS, OTHER THAN A SALE OR
		DISPOSITION BY THE COMPANY OF ALL OR SUBSTANTIALLY ALL OF THE COMPANY’S
		ASSETS TO AN ENTITY, MORE THAN FIFTY PERCENT (50%) OF THE COMBINED VOTING POWER
		OF THE VOTING SECURITIES OF WHICH ARE OWNED BY STOCKHOLDERS OF THE COMPANY IN
		SUBSTANTIALLY THE SAME PROPORTIONS AS THEIR OWNERSHIP OF THE COMPANY
		IMMEDIATELY PRIOR TO SUCH SALE.  
	 

	 
		NOTWITHSTANDING THE FOREGOING, WITH RESPECT TO AN AWARD THAT IS
		SUBJECT TO SECTION 409A OF THE CODE AND THE PAYMENT OR SETTLEMENT OF THE AWARD
		WILL ACCELERATE UPON A CHANGE IN CONTROL, NO EVENT SET FORTH HEREIN WILL
		CONSTITUTE A CHANGE IN CONTROL FOR PURPOSES OF THE PLAN OR ANY AWARD AGREEMENT
		UNLESS SUCH EVENT ALSO CONSTITUTES A “CHANGE IN OWNERSHIP,”
		“CHANGE IN EFFECTIVE CONTROL,” OR “CHANGE IN THE OWNERSHIP OF A
		SUBSTANTIAL PORTION OF THE COMPANY’S ASSETS” AS DEFINED UNDER SECTION
		409A OF THE CODE. 
	 

	 
		(F)
	 

	 
		"CODE" MEANS THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME
		TO TIME, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.
	 

	 
		(G)
	 

	 
		"COMMITTEE" MEANS THE COMMITTEE, IF ANY, ESTABLISHED BY THE BOARD TO
		ADMINISTER THE PLAN.  
	 

	 
		(H)
	 

	 
		"COMPANY" MEANS CARE INVESTMENT TRUST INC., A MARYLAND CORPORATION, OR
		ANY SUCCESSOR CORPORATION.
	 

	 
		(I)
	 

	 
		"EFFECTIVE DATE" MEANS THE DATE ON WHICH THE PLAN IS ADOPTED BY THE
		BOARD, SUBJECT TO OBTAINING THE APPROVAL OF THE COMPANY'S STOCKHOLDER(S).
	 

	 
		(J)
	 

	 
		"EXCHANGE ACT" MEANS THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
		FROM TIME TO TIME, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.
	 

	 
		
 

	 

	 
		 2
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(K)
	 

	 
		"FAIR MARKET VALUE" MEANS, WITH RESPECT TO STOCK OR OTHER PROPERTY,
		THE FAIR MARKET VALUE OF SUCH STOCK OR OTHER PROPERTY DETERMINED BY SUCH
		METHODS OR PROCEDURES AS SHALL BE ESTABLISHED FROM TIME TO TIME BY THE BOARD.
		 UNLESS OTHERWISE DETERMINED BY THE BOARD IN GOOD FAITH, THE PER SHARE
		FAIR MARKET VALUE OF STOCK AS OF A PARTICULAR DATE SHALL MEAN (I) THE CLOSING
		SALES PRICE PER SHARE OF STOCK ON THE NATIONAL SECURITIES EXCHANGE ON WHICH THE
		STOCK IS PRINCIPALLY TRADED FOR SUCH DATE; (II) IF THE SHARES OF STOCK ARE THEN
		TRADED IN AN OVER-THE-COUNTER MARKET, THE CLOSING BID PRICE FOR THE SHARES OF
		STOCK IN SUCH OVER-THE-COUNTER MARKET FOR SUCH DATE; OR (III) IF THE SHARES OF
		STOCK ARE NOT THEN LISTED ON A NATIONAL SECURITIES EXCHANGE OR TRADED IN AN
		OVER-THE-COUNTER MARKET, SUCH VALUE AS THE BOARD, IN ITS SOLE DISCRETION, SHALL
		DETERMINE.
	 

	 
		(L)
	 

	 
		“INDEPENDENT DIRECTORS” MEANS NON-MANAGEMENT DIRECTORS
		APPOINTED TO THE BOARD WHOM THE BOARD HAS DETERMINED QUALIFY AS
		“INDEPENDENT” UNDER THE CORPORATE GOVERNANCE LISTING STANDARDS OF THE
		NEW YORK STOCK EXCHANGE, AS SUCH RULES MAY BE AMENDED FROM TIME TO TIME.
	 

	 
		(M)
	 

	 
		"MANAGEMENT AGREEMENT" MEANS THE MANAGEMENT AGREEMENT EXPECTED TO BE
		ENTERED INTO BY AND BETWEEN THE COMPANY AND THE MANAGER, AS SUCH MAY BE AMENDED
		FROM TIME TO TIME.
	 

	 
		(N)
	 

	 
		"MANAGER" MEANS CIT HEALTHCARE LLC, A DELAWARE LIMITED LIABILITY
		COMPANY, AND ANY SUCCESSOR THERETO.
	 

	 
		(O)
	 

	 
		"OPTION" MEANS A RIGHT, GRANTED TO A PARTICIPANT UNDER SECTION
		6(B)(I), TO PURCHASE SHARES OF STOCK. 
	 

	 
		(P)
	 

	 
		"OTHER STOCK-BASED AWARD" MEANS A RIGHT OR OTHER INTEREST GRANTED TO A
		PARTICIPANT THAT MAY BE DENOMINATED OR PAYABLE IN, VALUED IN WHOLE OR IN PART
		BY REFERENCE TO, OR OTHERWISE BASED ON, OR RELATED TO, STOCK, INCLUDING BUT NOT
		LIMITED TO UNRESTRICTED SHARES OF STOCK OR DIVIDEND EQUIVALENT RIGHTS.
	 

	 
		(Q)
	 

	 
		"PARTICIPANT" MEANS AN ELIGIBLE PERSON WHO HAS BEEN GRANTED AN AWARD
		UNDER THE PLAN.
	 

	 
		(R)
	 

	 
		"PERSON" MEANS ANY NATURAL PERSON, CORPORATION, PARTNERSHIP,
		ASSOCIATION, LIMITED LIABILITY COMPANY, ESTATE, TRUST, JOINT VENTURE, ANY
		FEDERAL, STATE OR MUNICIPAL GOVERNMENT OR ANY BUREAU, DEPARTMENT OR AGENCY
		THEREOF OR ANY OTHER LEGAL ENTITY AND ANY FIDUCIARY ACTING IN SUCH CAPACITY ON
		BEHALF OF THE FOREGOING.
	 

	 
		(S)
	 

	 
		"PLAN" MEANS THIS CARE INVESTMENT TRUST INC. EQUITY PLAN, AS AMENDED
		FROM TIME TO TIME.
	 

	 
		(T)
	 

	 
		"REMOVAL FOR CAUSE" SHALL MEAN, WITH RESPECT TO A DIRECTOR OF THE
		COMPANY, REMOVAL FOR CAUSE UNDER THE COMPANY’S ARTICLES OF INCORPORATION,
		AS SUCH ARTICLES MAY HAVE BEEN AMENDED (THE “CHARTER”), WITH THE
		DEFINITION OF “CAUSE” REFERRING TO THE DEFINITION USED IN SUCH
		REMOVAL PROVISION IN THE CHARTER.
	 

	 
		
 

	 

	 
		 3
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(U)
	 

	 
		"RESTRICTED STOCK" MEANS AN AWARD OF SHARES OF STOCK TO A PARTICIPANT
		UNDER SECTION 6(B)(III) THAT MAY BE SUBJECT TO CERTAIN RESTRICTIONS AND TO A
		RISK OF FORFEITURE.
	 

	 
		(V)
	 

	 
		"RESTRICTED STOCK UNIT" OR "RSU" MEANS A RIGHT GRANTED TO A
		PARTICIPANT UNDER SECTION 6(B)(IV) TO RECEIVE STOCK, CASH OR OTHER PROPERTY AT
		THE END OF A SPECIFIED PERIOD, WHICH RIGHT MAY BE CONDITIONED ON THE
		SATISFACTION OF SPECIFIED PERFORMANCE OR OTHER CRITERIA.
	 

	 
		(W)
	 

	 
		"SECURITIES ACT" MEANS THE SECURITIES ACT OF 1933, AS AMENDED FROM
		TIME TO TIME, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.
	 

	 
		(X)
	 

	 
		"STOCK" MEANS SHARES OF THE COMMON STOCK, PAR VALUE $0.001 PER SHARE,
		OF THE COMPANY. 
	 

	 
		(Y)
	 

	 
		"STOCK APPRECIATION RIGHT" OR "SAR" MEANS THE RIGHT GRANTED TO A
		PARTICIPANT UNDER SECTION 6(B)(II) TO BE PAID AN AMOUNT MEASURED BY THE
		APPRECIATION IN THE FAIR MARKET VALUE OF STOCK FROM THE DATE OF GRANT TO THE
		DATE OF EXERCISE OF THE RIGHT.
	 

	 
		
	 

	 
		3.
	 

	 
		ADMINISTRATION.
	 

	 
		THE PLAN SHALL BE ADMINISTERED BY THE BOARD.  EXCEPT WITH RESPECT
		TO THE AMENDMENT, MODIFICATION, SUSPENSION OR EARLY TERMINATION OF THE PLAN,
		THE BOARD MAY APPOINT A COMMITTEE TO ADMINISTER ALL OR A PORTION OF THE PLAN.
		 TO THE EXTENT THAT THE BOARD SO DELEGATES ITS AUTHORITY, REFERENCES
		HEREIN TO THE BOARD SHALL BE DEEMED REFERENCES TO THE COMMITTEE.  THE
		BOARD MAY DELEGATE TO ONE OR MORE AGENTS SUCH ADMINISTRATIVE DUTIES AS IT MAY
		DEEM ADVISABLE, AND THE COMMITTEE OR ANY OTHER PERSON TO WHOM THE BOARD HAS
		DELEGATED DUTIES AS AFORESAID MAY EMPLOY ONE OR MORE PERSONS TO RENDER ADVICE
		WITH RESPECT TO ANY RESPONSIBILITY THE BOARD OR SUCH COMMITTEE OR PERSON MAY
		HAVE UNDER THE PLAN.  NO MEMBER OF THE BOARD OR COMMITTEE SHALL BE LIABLE
		FOR ANY ACTION TAKEN OR DETERMINATION MADE IN GOOD FAITH WITH RESPECT TO THE
		PLAN OR ANY AWARD GRANTED HEREUNDER.
	 

	 
		THE BOARD SHALL HAVE THE AUTHORITY IN ITS DISCRETION, SUBJECT TO AND
		NOT INCONSISTENT WITH THE EXPRESS PROVISIONS OF THE PLAN, TO ADMINISTER THE
		PLAN AND TO EXERCISE ALL THE POWERS AND AUTHORITIES EITHER SPECIFICALLY GRANTED
		TO IT UNDER THE PLAN OR NECESSARY OR ADVISABLE IN THE ADMINISTRATION OF THE
		PLAN, INCLUDING, WITHOUT LIMITATION, THE AUTHORITY TO:  (I) GRANT AWARDS;
		(II) DETERMINE THE PERSONS TO WHOM AND THE TIME OR TIMES AT WHICH AWARDS SHALL
		BE GRANTED; (III) DETERMINE THE TYPE AND NUMBER OF AWARDS TO BE GRANTED, THE
		NUMBER OF SHARES OF STOCK TO WHICH AN AWARD MAY RELATE AND THE TERMS,
		CONDITIONS, RESTRICTIONS AND PERFORMANCE CRITERIA RELATING TO ANY AWARD; (IV)
		DETERMINE WHETHER, TO WHAT EXTENT, AND UNDER WHAT CIRCUMSTANCES AN AWARD MAY BE
		SETTLED, CANCELLED, FORFEITED, EXCHANGED, OR SURRENDERED; (V) ACCELERATE THE
		VESTING OF AN AWARD, (VI) MAKE ADJUSTMENTS IN THE TERMS AND CONDITIONS OF
		AWARDS; (VII) CONSTRUE AND INTERPRET THE PLAN AND ANY AWARD; (VIII) PRESCRIBE,
		AMEND AND RESCIND RULES AND REGULATIONS RELATING TO THE PLAN; (IX) DETERMINE
		THE TERMS AND PROVISIONS OF THE AWARD AGREEMENTS (WHICH NEED NOT BE IDENTICAL
		FOR EACH PARTICIPANT); AND (X) MAKE ALL OTHER DETERMINATIONS DEEMED 
	 

	 
		
 

	 

	 
		 4
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		NECESSARY OR ADVISABLE FOR THE ADMINISTRATION OF THE PLAN.  ALL
		DECISIONS, DETERMINATIONS AND INTERPRETATIONS OF THE BOARD SHALL BE FINAL AND
		BINDING ON ALL PERSONS, INCLUDING BUT NOT LIMITED TO THE COMPANY, ANY PARENT OR
		SUBSIDIARY OF THE COMPANY, THE MANAGER AND OR ANY AFFILIATE OF THE MANAGER, ANY
		PARTICIPANT (OR ANY PERSON CLAIMING ANY RIGHTS UNDER THE PLAN FROM OR THROUGH
		ANY PARTICIPANT) AND ANY STOCKHOLDER.  NOTWITHSTANDING ANY PROVISION OF
		THE PLAN OR ANY AWARD AGREEMENT TO THE CONTRARY, EXCEPT AS PROVIDED IN THE
		THIRD PARAGRAPH OF SECTION 5, NEITHER THE BOARD NOR THE COMMITTEE MAY TAKE ANY
		ACTION WHICH WOULD HAVE THE EFFECT OF REDUCING THE AGGREGATE EXERCISE, BASE OR
		PURCHASE PRICE OF ANY AWARD WITHOUT OBTAINING THE APPROVAL OF THE COMPANY'S
		STOCKHOLDERS.
	 

	 
		
	 

	 
		4.
	 

	 
		ELIGIBILITY.
	 

	 
		AWARDS MAY BE GRANTED, IN THE DISCRETION OF THE BOARD, TO INDIVIDUALS
		WHO ARE, AS OF THE DATE OF GRANT, DIRECTORS OR OFFICERS, ADVISORS OR
		CONSULTANTS OF THE COMPANY, WHO IN ANY CASE ARE NATURAL PERSONS AND PROVIDING
		BONA FIDE SERVICES TO THE COMPANY, INCLUDING WITHOUT LIMITATION
		INDIVIDUALS WHO ARE EMPLOYEES OF THE MANAGER OR ONE OF ITS AFFILIATES.  IN
		DETERMINING THE PERSONS TO WHOM AWARDS SHALL BE GRANTED AND THE TYPE OF ANY
		AWARD (INCLUDING THE NUMBER OF SHARES TO BE COVERED BY SUCH AWARD), THE BOARD
		SHALL TAKE INTO ACCOUNT SUCH FACTORS AS THE BOARD SHALL DEEM RELEVANT IN
		CONNECTION WITH ACCOMPLISHING THE PURPOSES OF THE PLAN.  
	 

	 
		
	 

	 
		5.
	 

	 
		STOCK SUBJECT TO THE PLAN.
	 

	 
		THE MAXIMUM NUMBER OF SHARES OF STOCK RESERVED FOR THE GRANT OF AWARDS
		UNDER THE PLAN SHALL BE 700,000, SUBJECT TO ADJUSTMENT AS PROVIDED HEREIN.
		   SUCH SHARES MAY, IN WHOLE OR IN PART, BE AUTHORIZED BUT
		UNISSUED SHARES OR SHARES THAT SHALL HAVE BEEN OR MAY BE REACQUIRED BY THE
		COMPANY IN THE OPEN MARKET, IN PRIVATE TRANSACTIONS OR OTHERWISE.
		  IF ANY SHARES SUBJECT TO AN AWARD ARE FORFEITED, CANCELLED,
		EXCHANGED OR SURRENDERED TO THE COMPANY OR IF AN AWARD TERMINATES OR EXPIRES
		WITHOUT A DISTRIBUTION OF SHARES TO THE MANAGER, THE SHARES OF STOCK WITH
		RESPECT TO SUCH AWARD SHALL, TO THE EXTENT OF ANY SUCH FORFEITURE,
		CANCELLATION, EXCHANGE, SURRENDER, TERMINATION OR EXPIRATION, AGAIN BE
		AVAILABLE FOR AWARDS UNDER THE PLAN.  FOR PURPOSES OF DETERMINING THE
		NUMBER OF SHARES OF STOCK THAT REMAIN AVAILABLE FOR ISSUANCE UNDER THE PLAN,
		(I) THE NUMBER OF SHARES OF STOCK THAT ARE TENDERED BY A PARTICIPANT OR
		WITHHELD BY THE COMPANY TO PAY THE EXERCISE PRICE OF AN AWARD OR TO SATISFY THE
		PARTICIPANT’S TAX WITHHOLDING OBLIGATIONS IN CONNECTION WITH THE EXERCISE
		OR SETTLEMENT OF AN AWARD AND (II) ALL OF THE SHARES OF STOCK COVERED BY ANY
		STOCK-SETTLED SAR AWARD TO THE EXTENT EXERCISED, WILL NOT BE ADDED BACK TO THE
		PLAN.  UPON THE EXERCISE OF ANY AWARD GRANTED IN TANDEM WITH ANY OTHER
		AWARD, SUCH RELATED AWARD SHALL BE CANCELLED TO THE EXTENT OF THE NUMBER OF
		SHARES OF STOCK AS TO WHICH THE AWARD IS EXERCISED AND, NOTWITHSTANDING THE
		FOREGOING, SUCH NUMBER OF SHARES SHALL NO LONGER BE AVAILABLE FOR AWARDS UNDER
		THE PLAN.
	 

	 
		NO PARTICIPANT EMPLOYED BY THE MANAGER SHALL RECEIVE ONE OR MORE
		AWARDS WITHIN A SINGLE CALENDAR YEAR GREATER THAN THE LESSER OF (I) $1,000,000
		(AS DETERMINED BY THE COMMITTEE) OR (II) 75,000 SHARES OF RESTRICTED STOCK.
		 FOR PURPOSES OF THIS PLAN, EMPLOYMENT BY THE 
	 

	 
		
 

	 

	 
		 5
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		MANAGER SHALL MEAN EMPLOYMENT BY ANY PARENT OR SUBSIDIARY OF THE
		MANAGER OR ANY OTHER ENTITY THAT DIRECTLY OR INDIRECTLY THROUGH ONE OR MORE
		INTERMEDIARIES, CONTROLS, IS CONTROLLED BY, OR IS UNDER COMMON CONTROL WITH THE
		MANAGER.
	 

	 
		IN THE EVENT THAT THE BOARD SHALL DETERMINE THAT ANY DIVIDEND OR OTHER
		DISTRIBUTION (WHETHER IN THE FORM OF CASH, STOCK, OR OTHER PROPERTY),
		RECAPITALIZATION, STOCK SPLIT, REVERSE SPLIT, REORGANIZATION, MERGER,
		CONSOLIDATION, SPIN-OFF, COMBINATION, REPURCHASE, OR SHARE EXCHANGE, OR OTHER
		SIMILAR CORPORATE TRANSACTION OR EVENT, AFFECTS THE STOCK SUCH THAT AN
		ADJUSTMENT IS APPROPRIATE IN ORDER TO PREVENT DILUTION OR ENLARGEMENT OF THE
		RIGHTS OF PARTICIPANTS UNDER THE PLAN, THEN THE BOARD SHALL MAKE EQUITABLE
		CHANGES OR ADJUSTMENTS TO ANY OR ALL OF:  (I) THE NUMBER AND KIND OF
		SHARES OF STOCK OR OTHER PROPERTY (INCLUDING CASH) THAT MAY THEREAFTER BE
		ISSUED IN CONNECTION WITH AWARDS; (II) THE NUMBER AND KIND OF SHARES OF STOCK
		OR OTHER PROPERTY (INCLUDING CASH) ISSUED OR ISSUABLE IN RESPECT OF OUTSTANDING
		AWARDS; (III) THE EXERCISE PRICE, BASE PRICE OR PURCHASE PRICE RELATING TO ANY
		AWARD AND (IV) THE PERFORMANCE GOALS, IF ANY, APPLICABLE TO OUTSTANDING AWARDS.
		 IN ADDITION, THE BOARD MAY DETERMINE THAT ANY SUCH EQUITABLE ADJUSTMENT
		MAY BE ACCOMPLISHED BY MAKING A PAYMENT TO THE AWARD HOLDER, IN THE FORM OF
		CASH OR OTHER PROPERTY (INCLUDING BUT NOT LIMITED TO SHARES OF STOCK).
	 

	 
		
	 

	 
		6.
	 

	 
		TERMS OF AWARDS.
	 

	 
		(A)
	 

	 
		GENERAL.  THE TERM OF EACH AWARD SHALL BE FOR SUCH PERIOD
		AS MAY BE DETERMINED BY THE BOARD.  SUBJECT TO THE TERMS OF THE PLAN AND
		ANY APPLICABLE AWARD AGREEMENT, PAYMENTS TO BE MADE BY THE COMPANY UPON THE
		GRANT, VESTING, MATURATION OR EXERCISE OF AN AWARD MAY BE MADE IN SUCH FORMS AS
		THE BOARD SHALL DETERMINE AT THE DATE OF GRANT OR THEREAFTER, INCLUDING,
		WITHOUT LIMITATION, CASH, STOCK OR OTHER PROPERTY, AND MAY BE MADE IN A SINGLE
		PAYMENT OR TRANSFER, IN INSTALLMENTS OR ON A DEFERRED BASIS.  THE BOARD
		MAY MAKE RULES RELATING TO INSTALLMENT OR DEFERRED PAYMENTS WITH RESPECT TO
		AWARDS, INCLUDING THE RATE OF INTEREST TO BE CREDITED WITH RESPECT TO SUCH
		PAYMENTS.  IN ADDITION TO THE FOREGOING, THE BOARD MAY IMPOSE ON ANY AWARD
		OR THE EXERCISE THEREOF, AT THE DATE OF GRANT OR THEREAFTER, SUCH ADDITIONAL
		TERMS AND CONDITIONS, NOT INCONSISTENT WITH THE PROVISIONS OF THE PLAN, AS THE
		BOARD SHALL DETERMINE.
	 

	 
		(B)
	 

	 
		TERMS OF SPECIFIED AWARDS.  THE BOARD IS AUTHORIZED TO
		GRANT THE AWARDS DESCRIBED IN THIS SECTION 6(B), UNDER SUCH TERMS AND
		CONDITIONS AS DEEMED BY THE BOARD TO BE CONSISTENT WITH THE PURPOSES OF THE
		PLAN.  SUCH AWARDS MAY BE GRANTED WITH VESTING, VALUE AND/OR AND PAYMENT
		CONTINGENT UPON ATTAINMENT OF ONE OR MORE PERFORMANCE GOALS.  EXCEPT AS
		OTHERWISE SET FORTH HEREIN OR AS MAY BE DETERMINED BY THE BOARD, EACH AWARD
		GRANTED UNDER THE PLAN SHALL BE EVIDENCED BY AN AWARD AGREEMENT CONTAINING SUCH
		TERMS AND CONDITIONS APPLICABLE TO SUCH AWARD AS THE BOARD SHALL DETERMINE AT
		THE DATE OF GRANT OR THEREAFTER.  
	 

	 
		(I)
	 

	 
		OPTIONS.  THE BOARD IS AUTHORIZED TO GRANT OPTIONS TO
		PARTICIPANTS ON THE FOLLOWING TERMS AND CONDITIONS:
	 

	 
		
 

	 

	 
		 6
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		(A)
	 

	 
		EXERCISE PRICE.  THE EXERCISE PRICE PER SHARE OF STOCK
		PURCHASABLE UNDER AN OPTION SHALL BE DETERMINED BY THE BOARD, BUT IN NO EVENT
		SHALL THE PER SHARE EXERCISE PRICE OF ANY OPTION BE LESS THAN 100% OF THE FAIR
		MARKET VALUE OF A SHARE OF STOCK ON THE DATE OF GRANT OF SUCH OPTION.  THE
		EXERCISE PRICE FOR STOCK SUBJECT TO AN OPTION MAY BE PAID IN CASH OR BY AN
		EXCHANGE OF STOCK PREVIOUSLY OWNED BY THE PARTICIPANT, THROUGH A "BROKER
		CASHLESS EXERCISE" PROCEDURE APPROVED BY THE BOARD (TO THE EXTENT PERMITTED BY
		LAW) OR A COMBINATION OF THE ABOVE, IN ANY CASE IN AN AMOUNT HAVING A COMBINED
		VALUE EQUAL TO SUCH EXERCISE PRICE; PROVIDED THAT THE BOARD MAY REQUIRE THAT
		ANY STOCK EXCHANGED BY THE PARTICIPANT HAVE BEEN OWNED BY THE PARTICIPANT FOR
		AT LEAST SIX MONTHS AS OF THE DATE OF EXERCISE.  AN AWARD AGREEMENT MAY
		PROVIDE THAT A PARTICIPANT MAY PAY ALL OR A PORTION OF THE AGGREGATE EXERCISE
		PRICE BY HAVING SHARES OF STOCK WITH A FAIR MARKET VALUE ON THE DATE OF
		EXERCISE EQUAL TO THE AGGREGATE EXERCISE PRICE WITHHELD BY THE COMPANY.
	 

	 
		(B)
	 

	 
		TERM AND EXERCISABILITY OF OPTIONS.  THE DATE ON WHICH THE
		BOARD ADOPTS A RESOLUTION EXPRESSLY GRANTING AN OPTION SHALL BE CONSIDERED THE
		DAY ON WHICH SUCH OPTION IS GRANTED (UNLESS A SUBSEQUENT GRANT DATE IS SET
		FORTH IN THE RESOLUTION).  OPTIONS SHALL BE EXERCISABLE OVER THE EXERCISE
		PERIOD (WHICH SHALL NOT EXCEED TEN YEARS FROM THE DATE OF GRANT), AT SUCH TIMES
		AND UPON SUCH CONDITIONS AS THE BOARD MAY DETERMINE, AS REFLECTED IN THE AWARD
		AGREEMENT; PROVIDED, THAT THE BOARD SHALL HAVE THE AUTHORITY TO ACCELERATE THE
		EXERCISABILITY OF ANY OUTSTANDING OPTION AT SUCH TIME AND UNDER SUCH
		CIRCUMSTANCES AS IT, IN ITS SOLE DISCRETION, DEEMS APPROPRIATE.  AN OPTION
		MAY BE EXERCISED TO THE EXTENT OF ANY OR ALL FULL SHARES OF STOCK AS TO WHICH
		THE OPTION HAS BECOME EXERCISABLE, BY GIVING WRITTEN NOTICE OF SUCH EXERCISE TO
		THE BOARD OR ITS DESIGNATED AGENT.
	 

	 
		(C)
	 

	 
		TERMINATION OF SERVICE.  SUBJECT TO SECTION 7, AN OPTION
		MAY NOT BE EXERCISED UNLESS (1) THE PARTICIPANT IS THEN PROVIDING SERVICES TO
		THE COMPANY (OR IF THE PARTICIPANT IS AN EMPLOYEE OF THE MANAGER, THE
		PARTICIPANT IS THEN EMPLOYED BY THE MANAGER) AND (2) THE PARTICIPANT HAS
		CONTINUOUSLY MAINTAINED SUCH RELATIONSHIP SINCE THE DATE OF GRANT OF THE
		OPTION; PROVIDED, THAT THE AWARD AGREEMENT MAY CONTAIN PROVISIONS EXTENDING THE
		EXERCISABILITY OF OPTIONS, IN THE EVENT OF SPECIFIED TERMINATIONS OF SERVICE,
		TO A DATE NOT LATER THAN THE EXPIRATION DATE OF SUCH OPTION.  
	 

	 
		(D)
	 

	 
		SECTION 409A OF THE CODE.  AN OPTION MAY ONLY BE GRANTED
		TO PARTICIPANTS FOR WHOM SHARES 
	 

	 
		
 

	 

	 
		 7
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		OF STOCK OF THE COMPANY WOULD QUALIFY AS “SERVICE RECIPIENT
		STOCK” UNDER SECTION 409A OF THE CODE. 
	 

	 
		(E)
	 

	 
		NON-QUALIFIED STOCK OPTIONS.  THE OPTIONS GRANTED UNDER
		THE PLAN SHALL BE DEEMED TO BE “NON-QUALIFIED STOCK OPTIONS” UNDER
		THE CODE. 
	 

	 
		(F)
	 

	 
		OTHER PROVISIONS.  OPTIONS MAY BE SUBJECT TO SUCH OTHER
		CONDITIONS INCLUDING, BUT NOT LIMITED TO, RESTRICTIONS ON TRANSFERABILITY OF
		THE SHARES ACQUIRED UPON EXERCISE OF SUCH OPTIONS, AS THE BOARD MAY PRESCRIBE
		IN ITS DISCRETION OR AS MAY BE REQUIRED BY APPLICABLE LAW.
	 

	 
		(II)
	 

	 
		STOCK APPRECIATION RIGHTS.  THE BOARD IS AUTHORIZED TO
		GRANT SARS TO PARTICIPANTS ON THE FOLLOWING TERMS AND CONDITIONS:
	 

	 
		(A)
	 

	 
		IN GENERAL.  UNLESS THE BOARD DETERMINES OTHERWISE, AN SAR
		GRANTED IN TANDEM WITH AN OPTION MAY BE GRANTED AT THE TIME OF GRANT OF THE
		RELATED OPTION OR AT ANY TIME THEREAFTER.  AN SAR GRANTED IN TANDEM WITH
		AN OPTION SHALL BE EXERCISABLE ONLY TO THE EXTENT THE UNDERLYING OPTION IS
		EXERCISABLE.  PAYMENT OF AN SAR MAY BE MADE IN CASH, STOCK, OR PROPERTY AS
		SPECIFIED IN THE AWARD OR DETERMINED BY THE BOARD.
	 

	 
		(B)
	 

	 
		RIGHT CONFERRED.  AN SAR SHALL CONFER ON THE PARTICIPANT A
		RIGHT TO RECEIVE AN AMOUNT WITH RESPECT TO EACH SHARE SUBJECT THERETO, UPON
		EXERCISE THEREOF, EQUAL TO THE EXCESS OF (1) THE FAIR MARKET VALUE OF ONE SHARE
		OF STOCK ON THE DATE OF EXERCISE OVER (2) THE BASE PRICE OF THE SAR (WHICH IN
		THE CASE OF AN SAR GRANTED IN TANDEM WITH AN OPTION SHALL BE EQUAL TO THE
		EXERCISE PRICE OF THE UNDERLYING OPTION, AND WHICH IN THE CASE OF ANY OTHER SAR
		SHALL BE SUCH PRICE AS THE BOARD MAY DETERMINE, PROVIDED IT IS NO LESS THAN
		100% OF THE FAIR MARKET VALUE OF A SHARE OF STOCK ON THE DATE OF GRANT OF SUCH
		SAR).
	 

	 
		(C)
	 

	 
		TERM AND EXERCISABILITY OF SARS.  THE DATE ON WHICH THE
		BOARD ADOPTS A RESOLUTION EXPRESSLY GRANTING AN SAR SHALL BE CONSIDERED THE DAY
		ON WHICH SUCH SAR IS GRANTED.  SARS SHALL BE EXERCISABLE OVER THE EXERCISE
		PERIOD (WHICH SHALL NOT EXCEED THE LESSER OF TEN YEARS FROM THE DATE OF GRANT
		OR, IN THE CASE OF A TANDEM SAR, THE EXPIRATION OF ITS RELATED AWARD), AT SUCH
		TIMES AND UPON SUCH CONDITIONS AS THE BOARD MAY DETERMINE, AS REFLECTED IN THE
		AWARD AGREEMENT; PROVIDED, THAT THE BOARD SHALL HAVE THE AUTHORITY TO
		ACCELERATE THE EXERCISABILITY OF ANY OUTSTANDING SAR AT SUCH TIME AND UNDER
		SUCH CIRCUMSTANCES AS IT, IN ITS SOLE DISCRETION, DEEMS APPROPRIATE.  AN
		SAR MAY BE 
	 

	 
		
 

	 

	 
		 8
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		EXERCISED TO THE EXTENT OF ANY OR ALL FULL SHARES OF STOCK AS TO WHICH
		THE SAR (OR, IN THE CASE OF A TANDEM SAR, ITS RELATED AWARD) HAS BECOME
		EXERCISABLE, BY GIVING WRITTEN NOTICE OF SUCH EXERCISE TO THE BOARD OR ITS
		DESIGNATED AGENT.
	 

	 
		(D)
	 

	 
		TERMINATION OF SERVICE.  SUBJECT TO SECTION 7, AN SAR MAY
		NOT BE EXERCISED UNLESS (1) THE PARTICIPANT IS THEN PROVIDING SERVICES TO THE
		COMPANY (OR IF THE PARTICIPANT IS AN EMPLOYEE OF THE MANAGER, THE PARTICIPANT
		IS THEN EMPLOYED BY THE MANAGER) AND (2) THE PARTICIPANT HAS CONTINUOUSLY
		MAINTAINED SUCH RELATIONSHIP SINCE THE DATE OF GRANT OF THE SAR; PROVIDED, THAT
		THE AWARD AGREEMENT MAY CONTAIN PROVISIONS EXTENDING THE EXERCISABILITY OF
		SARS, IN THE EVENT OF SPECIFIED TERMINATIONS OF SERVICE, TO A DATE NOT LATER
		THAN THE EXPIRATION DATE OF SUCH SARS (OR, IN THE CASE OF A TANDEM SAR, ITS
		RELATED AWARD).  
	 

	 
		(E)
	 

	 
		SECTION 409A OF THE CODE.  AN SAR MAY ONLY BE GRANTED TO
		PARTICIPANTS FOR WHOM SHARES OF STOCK OF THE COMPANY WOULD QUALIFY AS
		“SERVICE RECIPIENT STOCK” UNDER SECTION 409A OF THE CODE. 

	 

	 
		(F)
	 

	 
		OTHER PROVISIONS.  SARS MAY BE SUBJECT TO SUCH OTHER
		CONDITIONS INCLUDING, BUT NOT LIMITED TO, RESTRICTIONS ON TRANSFERABILITY OF
		THE SHARES ACQUIRED UPON EXERCISE OF SUCH SARS, AS THE BOARD MAY PRESCRIBE IN
		ITS DISCRETION OR AS MAY BE REQUIRED BY APPLICABLE LAW.
	 

	 
		(III)
	 

	 
		RESTRICTED STOCK.  THE BOARD IS AUTHORIZED TO GRANT
		RESTRICTED STOCK TO PARTICIPANTS ON THE FOLLOWING TERMS AND CONDITIONS:
	 

	 
		(A)
	 

	 
		ISSUANCE AND RESTRICTIONS.  RESTRICTED STOCK SHALL BE
		SUBJECT TO SUCH RESTRICTIONS ON TRANSFERABILITY AND OTHER RESTRICTIONS, IF ANY,
		AS THE BOARD MAY IMPOSE AT THE DATE OF GRANT OR THEREAFTER, WHICH RESTRICTIONS
		MAY LAPSE SEPARATELY OR IN COMBINATION AT SUCH TIMES, UNDER SUCH CIRCUMSTANCES,
		IN SUCH INSTALLMENTS, OR OTHERWISE, AS THE BOARD MAY DETERMINE.  THE BOARD
		MAY PLACE RESTRICTIONS ON RESTRICTED STOCK THAT SHALL LAPSE, IN WHOLE OR IN
		PART, ONLY UPON THE ATTAINMENT OF ONE OR MORE PERFORMANCE GOALS.  UNLESS
		OTHERWISE DETERMINED BY THE BOARD, A PARTICIPANT GRANTED RESTRICTED STOCK SHALL
		HAVE THE RIGHT TO VOTE RESTRICTED STOCK. 
	 

	 
		(B)
	 

	 
		FORFEITURE.  SUBJECT TO SECTION 7, UPON TERMINATION OF
		SERVICE TO THE COMPANY (OR, IF THE PARTICIPANT IS AN EMPLOYEE OF THE MANAGER,
		EMPLOYMENT WITH THE MANAGER) DURING THE APPLICABLE RESTRICTION PERIOD,
		RESTRICTED STOCK AND ANY ACCRUED BUT UNPAID DIVIDENDS THAT ARE THEN SUBJECT TO
		
	 

	 
		
 

	 

	 
		 9
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		RESTRICTIONS SHALL BE FORFEITED; PROVIDED, THAT THE BOARD MAY PROVIDE,
		BY RULE OR REGULATION OR IN ANY AWARD AGREEMENT, OR MAY DETERMINE IN ANY
		INDIVIDUAL CASE, THAT RESTRICTIONS OR FORFEITURE CONDITIONS RELATING TO
		RESTRICTED STOCK WILL BE WAIVED IN WHOLE OR IN PART IN THE EVENT OF
		TERMINATIONS RESULTING FROM SPECIFIED CAUSES, AND THE BOARD MAY IN OTHER CASES
		WAIVE IN WHOLE OR IN PART THE FORFEITURE OF RESTRICTED STOCK.  
	 

	 
		(C)
	 

	 
		CERTIFICATES FOR STOCK.  RESTRICTED STOCK GRANTED UNDER
		THE PLAN MAY BE EVIDENCED IN SUCH MANNER AS THE BOARD SHALL DETERMINE.  IF
		CERTIFICATES REPRESENTING RESTRICTED STOCK ARE REGISTERED IN THE NAME OF THE
		PARTICIPANT, SUCH CERTIFICATES SHALL BEAR AN APPROPRIATE LEGEND REFERRING TO
		THE TERMS, CONDITIONS AND RESTRICTIONS APPLICABLE TO SUCH RESTRICTED STOCK, AND
		THE COMPANY SHALL RETAIN PHYSICAL POSSESSION OF THE CERTIFICATE.
	 

	 
		(D)
	 

	 
		DIVIDENDS.  PARTICIPANTS HOLDING RESTRICTED STOCK SHALL BE
		ENTITLED TO RECEIVE ALL DIVIDENDS AND OTHER DISTRIBUTIONS PAID WITH RESPECT TO
		SUCH RESTRICTED STOCK WHILE UNVESTED UNLESS OTHERWISE PROVIDED IN THE AWARD
		AGREEMENT.  IF ANY SUCH DIVIDENDS OR DISTRIBUTIONS ARE PAID IN SHARES OF
		STOCK (INCLUDING STOCK SPLITS OR STOCK DIVIDENDS), SUCH SHARES SHALL BE SUBJECT
		TO THE SAME RESTRICTIONS (AND SHALL THEREFORE BE FORFEITABLE TO THE SAME
		EXTENT) AS THE SHARES OF RESTRICTED STOCK WITH RESPECT TO WHICH THEY WERE PAID,
		UNLESS OTHERWISE DETERMINED BY THE BOARD.  IF ANY SUCH DIVIDENDS OR
		DISTRIBUTIONS ARE PAID IN CASH, THE AWARD AGREEMENT MAY SPECIFY THAT THE CASH
		PAYMENTS SHALL BE SUBJECT TO THE SAME RESTRICTIONS AS THE RELATED RESTRICTED
		STOCK, IN WHICH CASE THEY SHALL BE ACCUMULATED DURING THE VESTING PERIOD AND
		PAID OR FORFEITED WHEN THE RELATED SHARES OF RESTRICTED STOCK VEST OR ARE
		FORFEITED.  ALTERNATIVELY, THE AWARD AGREEMENT MAY SPECIFY THAT THE
		DIVIDEND EQUIVALENTS OR OTHER PAYMENTS SHALL BE UNRESTRICTED, IN WHICH CASE
		THEY SHALL BE PAID AS SOON AS PRACTICABLE AFTER THE DIVIDEND OR DISTRIBUTION
		DATE.  IN NO EVENT SHALL ANY CASH DIVIDEND OR DISTRIBUTION BE PAID LATER
		THAN 21⁄2 MONTHS AFTER THE CALENDAR YEAR IN WHICH THE DIVIDEND OR
		DISTRIBUTION BECOMES NONFORFEITABLE.  
	 

	 
		(IV)
	 

	 
		RESTRICTED STOCK UNITS.  THE BOARD IS AUTHORIZED TO GRANT
		RSUS TO PARTICIPANTS, SUBJECT TO THE FOLLOWING TERMS AND CONDITIONS:
	 

	 
		(A)
	 

	 
		AWARD AND RESTRICTIONS.  DELIVERY OF STOCK, CASH OR OTHER
		PROPERTY, AS DETERMINED BY THE BOARD, WILL OCCUR UPON EXPIRATION OF THE PERIOD
		SPECIFIED FOR RSUS BY THE BOARD DURING WHICH FORFEITURE CONDITIONS APPLY, OR
		SUCH LATER DATE AS 
	 

	 
		
 

	 

	 
		 10
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		THE BOARD SHALL DETERMINE.  THE BOARD MAY PLACE RESTRICTIONS ON
		RSUS THAT SHALL LAPSE, IN WHOLE OR IN PART, ONLY UPON THE ATTAINMENT OF ONE OR
		MORE PERFORMANCE GOALS.
	 

	 
		(B)
	 

	 
		FORFEITURE.  SUBJECT TO SECTION 7, UPON TERMINATION OF
		SERVICE TO THE COMPANY (OR, IF THE PARTICIPANT IS AN EMPLOYEE OF THE MANAGER,
		EMPLOYMENT WITH THE MANAGER) PRIOR TO THE VESTING OF RSUS, OR UPON FAILURE TO
		SATISFY ANY OTHER CONDITIONS PRECEDENT TO THE DELIVERY OF STOCK OR CASH TO
		WHICH SUCH RSUS RELATE, ALL RSUS AND ANY ACCRUED BUT UNPAID DIVIDEND
		EQUIVALENTS THAT ARE THEN SUBJECT TO DEFERRAL OR RESTRICTION SHALL BE
		FORFEITED; PROVIDED, THAT THE BOARD MAY PROVIDE, BY RULE OR REGULATION OR IN
		ANY AWARD AGREEMENT, OR MAY DETERMINE IN ANY INDIVIDUAL CASE, THAT RESTRICTIONS
		OR FORFEITURE CONDITIONS RELATING TO RSUS WILL BE WAIVED IN WHOLE OR IN PART IN
		THE EVENT OF TERMINATION RESULTING FROM SPECIFIED CAUSES, AND THE BOARD MAY IN
		OTHER CASES WAIVE IN WHOLE OR IN PART THE FORFEITURE OF RSUS.
	 

	 
		(C)
	 

	 
		DIVIDEND EQUIVALENTS.  UNLESS OTHERWISE DETERMINED BY THE
		BOARD, RSUS SHALL BE CREDITED WITH DIVIDEND EQUIVALENTS AT SUCH TIME AS
		DIVIDENDS, WHETHER IN THE FORM OF CASH, STOCK OR OTHER PROPERTY, ARE PAID WITH
		RESPECT TO THE STOCK.  UNLESS OTHERWISE DETERMINED BY THE BOARD, ANY SUCH
		DIVIDEND EQUIVALENTS SHALL BE PAID ON THE DIVIDEND PAYMENT DATE TO THE
		PARTICIPANT AS THOUGH EACH RSU HELD BY SUCH PARTICIPANT WERE A SHARE OF
		OUTSTANDING STOCK. 
	 

	 
		(V)
	 

	 
		OTHER STOCK-BASED AWARDS.  THE BOARD IS AUTHORIZED TO
		GRANT AWARDS TO PARTICIPANTS IN THE FORM OF OTHER STOCK-BASED AWARDS, AS DEEMED
		BY THE BOARD TO BE CONSISTENT WITH THE PURPOSES OF THE PLAN.  AWARDS
		GRANTED PURSUANT TO THIS PARAGRAPH MAY BE GRANTED WITH VESTING, VALUE AND/OR
		PAYMENT CONTINGENT UPON THE ATTAINMENT OF ONE OR MORE PERFORMANCE GOALS.
		 THE BOARD SHALL DETERMINE THE TERMS AND CONDITIONS OF SUCH AWARDS AT THE
		DATE OF GRANT OR THEREAFTER.  WITHOUT LIMITING THE GENERALITY OF THIS
		PARAGRAPH, OTHER STOCK-BASED AWARDS MAY INCLUDE GRANTS OF SHARES OF STOCK THAT
		ARE NOT SUBJECT TO ANY RESTRICTIONS OR A SUBSTANTIAL RISK OF FORFEITURE.
	 

	 
		
	 

	 
		7.
	 

	 
		ACCELERATION OF AWARDS UPON CERTAIN TERMINATIONS OF SERVICE.
		 
	 

	 
		(A)
	 

	 
		DIRECTORS.  UNLESS OTHERWISE DETERMINED BY THE BOARD AND
		SET FORTH IN AN INDIVIDUAL AWARD AGREEMENT, IN THE EVENT THAT THE SERVICE TO
		THE COMPANY OF A PARTICIPANT WHO IS AN INDEPENDENT DIRECTOR IS TERMINATED BY
		THE COMPANY OTHER THAN PURSUANT TO A REMOVAL FOR CAUSE, ANY AWARD HELD BY SUCH
		PARTICIPANT THAT WAS NOT PREVIOUSLY VESTED AND/OR EXERCISABLE SHALL BECOME
		FULLY VESTED AND/OR 
	 

	 
		
 

	 

	 
		 11
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		EXERCISABLE, AND ANY PERFORMANCE CONDITIONS IMPOSED WITH RESPECT TO
		SUCH AWARD SHALL BE DEEMED TO BE FULLY ACHIEVED.
	 

	 
		(B)
	 

	 
		MANAGER EMPLOYEES.  UNLESS OTHERWISE DETERMINED BY THE
		BOARD AND SET FORTH IN AN INDIVIDUAL AWARD AGREEMENT, UPON TERMINATION OR
		NON-RENEWAL OF THE MANAGEMENT AGREEMENT OTHER THAN FOR CAUSE (AS
		“CAUSE” IS DEFINED IN THE MANAGEMENT AGREEMENT), ANY AWARD HELD BY A
		PARTICIPANT WHO IS AN EMPLOYEE OF THE MANAGER THAT WAS NOT PREVIOUSLY VESTED
		AND/OR EXERCISABLE SHALL BECOME FULLY VESTED AND/OR EXERCISABLE, AND ANY
		PERFORMANCE CONDITIONS IMPOSED WITH RESPECT TO SUCH AWARD SHALL BE DEEMED TO BE
		FULLY ACHIEVED.  
	 

	 
		
	 

	 
		8.
	 

	 
		CHANGE IN CONTROL.
	 

	 
		(A)
	 

	 
		THE BOARD SHALL HAVE FULL AUTHORITY TO DETERMINE THE EFFECT, IF ANY,
		OF A CHANGE IN CONTROL OF THE COMPANY ON THE VESTING, EXERCISABILITY,
		SETTLEMENT, PAYMENT OR LAPSE OF RESTRICTIONS APPLICABLE TO AN AWARD, WHICH
		EFFECT MAY BE SPECIFIED IN THE APPLICABLE AWARD AGREEMENT OR DETERMINED AT A
		SUBSEQUENT TIME.  SUBJECT TO APPLICABLE LAWS, RULES AND REGULATIONS, THE
		BOARD SHALL, AT ANY TIME PRIOR TO, COINCIDENT WITH OR AFTER THE EFFECTIVE TIME
		OF A CHANGE IN CONTROL, TAKE SUCH ACTIONS AS IT MAY CONSIDER APPROPRIATE,
		INCLUDING, WITHOUT LIMITATION:  (A) PROVIDING FOR THE ACCELERATION OF ANY
		VESTING CONDITIONS RELATING TO THE EXERCISE OR SETTLEMENT OF AN AWARD OR THAT
		AN AWARD SHALL TERMINATE OR EXPIRE UNLESS EXERCISED OR SETTLED IN FULL ON OR
		BEFORE A DATE FIXED BY THE COMMITTEE; (B) MAKING SUCH ADJUSTMENTS TO THE AWARDS
		THEN OUTSTANDING AS THE COMMITTEE DEEMS APPROPRIATE TO REFLECT SUCH CHANGE IN
		CONTROL; (C) CAUSING THE AWARDS THEN OUTSTANDING TO BE ASSUMED, OR NEW RIGHTS
		SUBSTITUTED THEREFOR, BY THE SURVIVING CORPORATION IN SUCH CHANGE IN CONTROL;
		OR (D) PERMIT OR REQUIRE PARTICIPANTS TO SURRENDER OUTSTANDING OPTIONS AND
		STOCK APPRECIATION RIGHTS IN EXCHANGE FOR A CASH PAYMENT EQUAL TO THE
		DIFFERENCE BETWEEN THE HIGHEST PRICE PAID FOR A SHARE IN THE CHANGE IN CONTROL
		TRANSACTION AND THE EXERCISE PRICE OF THE AWARD. IN ADDITION, EXCEPT AS
		OTHERWISE SPECIFIED IN AN AWARD AGREEMENT:  
	 

	 
		(I)
	 

	 
		ANY AND ALL OPTIONS AND STOCK APPRECIATION RIGHTS OUTSTANDING AS OF
		THE EFFECTIVE DATE OF THE CHANGE IN CONTROL SHALL BECOME IMMEDIATELY
		EXERCISABLE, AND SHALL REMAIN EXERCISABLE UNTIL THE EARLIER OF THE EXPIRATION
		OF THEIR INITIAL TERM OR THE SECOND (2ND) ANNIVERSARY OF THE PARTICIPANT’S
		TERMINATION OF EMPLOYMENT;  
	 

	 
		(II)
	 

	 
		ANY RESTRICTIONS IMPOSED ON RESTRICTED STOCK AND RESTRICTED STOCK
		UNITS OUTSTANDING AS OF THE EFFECTIVE DATE OF THE CHANGE IN CONTROL SHALL
		LAPSE;  
	 

	 
		(III)
	 

	 
		THE VESTING OF ALL AWARDS DENOMINATED IN SHARES OF STOCK OUTSTANDING
		AS OF THE EFFECTIVE DATE OF THE CHANGE IN CONTROL SHALL BE ACCELERATED.
		 
	 

	 
		(B)
	 

	 
		NOTWITHSTANDING ANY OTHER PROVISION OF THE PLAN OR ANY AWARD
		AGREEMENT, THE PROVISIONS OF THIS SECTION 8 MAY NOT BE TERMINATED, AMENDED, OR
		MODIFIED UPON OR AFTER A CHANGE IN CONTROL IN A MANNER THAT WOULD ADVERSELY
		AFFECT A PARTICIPANT’S RIGHTS WITH 
	 

	 
		
 

	 

	 
		 12
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		RESPECT TO AN OUTSTANDING AWARD WITHOUT THE PRIOR WRITTEN CONSENT OF
		THE PARTICIPANT.
	 

	 
		
	 

	 
		9.
	 

	 
		GENERAL PROVISIONS.
	 

	 
		(A)
	 

	 
		NONTRANSFERABILITY.  UNLESS OTHERWISE PROVIDED IN AN AWARD
		AGREEMENT, AWARDS SHALL NOT BE TRANSFERABLE BY A PARTICIPANT EXCEPT BY WILL OR
		THE LAWS OF DESCENT AND DISTRIBUTION AND SHALL BE EXERCISABLE DURING THE
		LIFETIME OF A PARTICIPANT ONLY BY SUCH PARTICIPANT OR HIS GUARDIAN OR LEGAL
		REPRESENTATIVE.
	 

	 
		(B)
	 

	 
		NO RIGHT TO CONTINUED SERVICE, ETC.  NOTHING IN THE PLAN
		OR IN ANY AWARD, ANY AWARD AGREEMENT OR OTHER AGREEMENT ENTERED INTO PURSUANT
		HERETO SHALL CONFER UPON ANY PARTICIPANT THE RIGHT TO CONTINUE AS A DIRECTOR
		OF, OR CONTINUE TO PROVIDE SERVICES TO, THE COMPANY OR ANY PARENT, SUBSIDIARY
		OR AFFILIATE OF THE COMPANY OR TO BE ENTITLED TO ANY REMUNERATION OR BENEFITS
		NOT SET FORTH IN THE PLAN OR SUCH AWARD AGREEMENT OR OTHER AGREEMENT OR TO
		INTERFERE WITH OR LIMIT IN ANY WAY THE RIGHT OF THE COMPANY TO TERMINATE SUCH
		PARTICIPANT'S SERVICE. 
	 

	 
		(C)
	 

	 
		TAXES.  THE COMPANY OR ANY PARENT OR SUBSIDIARY OF THE
		COMPANY IS AUTHORIZED TO WITHHOLD FROM ANY AWARD GRANTED, ANY PAYMENT RELATING
		TO AN AWARD UNDER THE PLAN, INCLUDING FROM A DISTRIBUTION OF STOCK, OR ANY
		OTHER PAYMENT TO A PARTICIPANT, AMOUNTS OF WITHHOLDING AND OTHER TAXES DUE IN
		CONNECTION WITH ANY TRANSACTION INVOLVING AN AWARD, AND TO TAKE SUCH OTHER
		ACTION AS THE BOARD MAY DEEM ADVISABLE TO ENABLE THE COMPANY AND PARTICIPANTS
		TO SATISFY OBLIGATIONS FOR THE PAYMENT OF WITHHOLDING TAXES AND OTHER TAX
		OBLIGATIONS RELATING TO ANY AWARD.  THIS AUTHORITY SHALL INCLUDE AUTHORITY
		TO WITHHOLD OR RECEIVE STOCK OR OTHER PROPERTY AND TO MAKE CASH PAYMENTS IN
		RESPECT THEREOF IN SATISFACTION OF A PARTICIPANT'S TAX OBLIGATIONS.  THE
		BOARD MAY PROVIDE IN THE AWARD AGREEMENT THAT IN THE EVENT THAT A PARTICIPANT
		IS REQUIRED TO PAY ANY AMOUNT TO BE WITHHELD IN CONNECTION WITH THE ISSUANCE OF
		SHARES OF STOCK IN SETTLEMENT OR EXERCISE OF AN AWARD, THE PARTICIPANT MAY
		SATISFY SUCH OBLIGATION (IN WHOLE OR IN PART) BY ELECTING TO HAVE THE COMPANY
		WITHHOLD A PORTION OF THE SHARES OF STOCK TO BE RECEIVED UPON SETTLEMENT OR
		EXERCISE OF SUCH AWARD THAT IS EQUAL TO THE MINIMUM AMOUNT REQUIRED TO BE
		WITHHELD.
	 

	 
		(D)
	 

	 
		EFFECTIVE DATE; AMENDMENT AND TERMINATION.  
	 

	 
		(I)
	 

	 
		THE PLAN SHALL TAKE EFFECT UPON THE EFFECTIVE DATE, SUBJECT TO THE
		APPROVAL OF THE COMPANY'S STOCKHOLDER(S).  
	 

	 
		(II)
	 

	 
		THE BOARD MAY AT ANY TIME AND FROM TIME TO TIME TERMINATE, AMEND,
		MODIFY OR SUSPEND THE PLAN IN WHOLE OR IN PART; PROVIDED, HOWEVER, THAT UNLESS
		OTHERWISE DETERMINED BY THE BOARD, AN AMENDMENT THAT REQUIRES STOCKHOLDER
		APPROVAL IN ORDER FOR THE PLAN TO COMPLY WITH ANY LAW, REGULATION OR STOCK
		EXCHANGE REQUIREMENT SHALL NOT BE EFFECTIVE UNLESS APPROVED BY THE REQUISITE
		VOTE OF STOCKHOLDERS.  THE BOARD MAY AT ANY TIME AND FROM TIME TO TIME
		AMEND ANY OUTSTANDING AWARD IN WHOLE OR IN 
	 

	 
		
 

	 

	 
		 13
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		PART.  NOTWITHSTANDING THE FOREGOING SENTENCE OF THIS CLAUSE
		(II), NO AMENDMENT OR MODIFICATION TO OR SUSPENSION OR TERMINATION OF THE PLAN
		OR AMENDMENT OF ANY AWARD (OTHER THAN AN AMENDMENT MADE FOR THE PLAN OR AN
		AWARD TO COMPLY WITH SECTION 409A OF THE CODE) SHALL AFFECT ADVERSELY ANY OF
		THE RIGHTS OF ANY PARTICIPANT, WITHOUT SUCH PARTICIPANT'S CONSENT, UNDER ANY
		AWARD THERETOFORE GRANTED UNDER THE PLAN.
	 

	 
		(E)
	 

	 
		EXPIRATION OF PLAN.  UNLESS EARLIER TERMINATED BY THE
		BOARD PURSUANT TO THE PROVISIONS OF THE PLAN, THE PLAN SHALL EXPIRE ON THE
		TENTH ANNIVERSARY OF THE EFFECTIVE DATE.  NO AWARDS SHALL BE GRANTED UNDER
		THE PLAN AFTER SUCH EXPIRATION DATE.  THE EXPIRATION OF THE PLAN SHALL NOT
		AFFECT ADVERSELY ANY OF THE RIGHTS OF ANY PARTICIPANT, WITHOUT SUCH
		PARTICIPANT'S CONSENT, UNDER ANY AWARD THERETOFORE GRANTED.
	 

	 
		(F)
	 

	 
		DEFERRALS.  THE BOARD SHALL HAVE THE AUTHORITY TO
		ESTABLISH SUCH PROCEDURES AND PROGRAMS THAT IT DEEMS APPROPRIATE TO PROVIDE
		PARTICIPANTS WITH THE ABILITY TO DEFER RECEIPT OF CASH, STOCK OR OTHER PROPERTY
		PAYABLE WITH RESPECT TO AWARDS GRANTED UNDER THE PLAN.
	 

	 
		(G)
	 

	 
		NO RIGHTS TO AWARDS.  NO PARTICIPANT SHALL HAVE ANY CLAIM
		TO BE GRANTED ANY AWARD UNDER THE PLAN.  THERE IS NO OBLIGATION FOR
		UNIFORMITY OF TREATMENT AMONG PARTICIPANTS.  
	 

	 
		(H)
	 

	 
		UNFUNDED STATUS OF AWARDS.  THE PLAN IS INTENDED TO
		CONSTITUTE AN "UNFUNDED" PLAN FOR INCENTIVE AND DEFERRED COMPENSATION.
		 WITH RESPECT TO ANY PAYMENTS NOT YET MADE TO A PARTICIPANT PURSUANT TO AN
		AWARD, NOTHING CONTAINED IN THE PLAN OR ANY AWARD SHALL GIVE ANY SUCH
		PARTICIPANT ANY RIGHTS THAT ARE GREATER THAN THOSE OF A GENERAL CREDITOR OF THE
		COMPANY.
	 

	 
		(I)
	 

	 
		NOT BENEFIT PLAN COMPENSATION.  PAYMENTS AND OTHER
		BENEFITS RECEIVED BY A PARTICIPANT UNDER AN AWARD MADE PURSUANT TO THE PLAN
		SHALL NOT BE DEEMED A PART OF THE PARTICIPANT’S COMPENSATION FOR PURPOSES
		OF DETERMINING THE PARTICIPANT’S BENEFITS UNDER ANY OTHER EMPLOYEE BENEFIT
		PLANS OR ARRANGEMENTS PROVIDED BY THE COMPANY, THE MANAGER OR AN AFFILIATE OF
		THE MANAGER, EXCEPT WHERE THE BOARD EXPRESSLY PROVIDES OTHERWISE IN
		WRITING.
	 

	 
		(J)
	 

	 
		NO FRACTIONAL SHARES.  NO FRACTIONAL SHARES OF STOCK SHALL
		BE ISSUED OR DELIVERED PURSUANT TO THE PLAN OR ANY AWARD.  THE BOARD SHALL
		DETERMINE WHETHER CASH, OTHER AWARDS OR OTHER PROPERTY SHALL BE ISSUED OR PAID
		IN LIEU OF SUCH FRACTIONAL SHARES OR WHETHER SUCH FRACTIONAL SHARES OR ANY
		RIGHTS THERETO SHALL BE FORFEITED OR OTHERWISE ELIMINATED.
	 

	 
		(K)
	 

	 
		REGULATIONS AND OTHER APPROVALS.
	 

	 
		(I)
	 

	 
		THE OBLIGATION OF THE COMPANY TO SELL OR DELIVER STOCK WITH RESPECT TO
		ANY AWARD GRANTED UNDER THE PLAN SHALL BE SUBJECT TO ALL APPLICABLE LAWS, RULES
		AND REGULATIONS, INCLUDING ALL APPLICABLE FEDERAL AND STATE SECURITIES LAWS,
		AND THE OBTAINING OF ALL SUCH APPROVALS BY 
	 

	 
		
 

	 

	 
		 14
	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		GOVERNMENTAL AGENCIES AS MAY BE DEEMED NECESSARY OR APPROPRIATE BY THE
		BOARD.
	 

	 
		(II)
	 

	 
		EACH AWARD IS SUBJECT TO THE REQUIREMENT THAT, IF AT ANY TIME THE
		BOARD DETERMINES, IN ITS ABSOLUTE DISCRETION, THAT THE LISTING, REGISTRATION OR
		QUALIFICATION OF STOCK ISSUABLE PURSUANT TO THE PLAN IS REQUIRED BY ANY
		SECURITIES EXCHANGE OR UNDER ANY STATE OR FEDERAL LAW, OR THE CONSENT OR
		APPROVAL OF ANY GOVERNMENTAL REGULATORY BODY IS NECESSARY OR DESIRABLE AS A
		CONDITION OF, OR IN CONNECTION WITH, THE GRANT OF AN AWARD OR THE ISSUANCE OF
		STOCK, NO SUCH AWARD SHALL BE GRANTED OR PAYMENT MADE OR STOCK ISSUED, IN WHOLE
		OR IN PART, UNLESS LISTING, REGISTRATION, QUALIFICATION, CONSENT OR APPROVAL
		HAS BEEN EFFECTED OR OBTAINED FREE OF ANY CONDITIONS NOT ACCEPTABLE TO THE
		BOARD.
	 

	 
		(III)
	 

	 
		IN THE EVENT THAT THE DISPOSITION OF STOCK ACQUIRED PURSUANT TO THE
		PLAN IS NOT COVERED BY A THEN-CURRENT REGISTRATION STATEMENT UNDER THE
		SECURITIES ACT AND IS NOT OTHERWISE EXEMPT FROM SUCH REGISTRATION, SUCH STOCK
		SHALL BE RESTRICTED AGAINST TRANSFER TO THE EXTENT REQUIRED BY THE SECURITIES
		ACT OR REGULATIONS THEREUNDER, AND THE BOARD MAY REQUIRE A PARTICIPANT
		RECEIVING STOCK PURSUANT TO THE PLAN, AS A CONDITION PRECEDENT TO RECEIPT OF
		SUCH STOCK, TO REPRESENT TO THE COMPANY IN WRITING THAT THE STOCK ACQUIRED BY
		SUCH PARTICIPANT IS ACQUIRED FOR INVESTMENT ONLY AND NOT WITH A VIEW TO
		DISTRIBUTION.
	 

	 
		(IV)
	 

	 
		THE BOARD MAY REQUIRE A PARTICIPANT RECEIVING STOCK PURSUANT TO THE
		PLAN, AS A CONDITION PRECEDENT TO RECEIPT OF SUCH STOCK, TO ENTER INTO A
		STOCKHOLDER AGREEMENT OR "LOCK-UP" AGREEMENT IN SUCH FORM AS THE BOARD SHALL
		DETERMINE IS NECESSARY OR DESIRABLE TO FURTHER THE COMPANY'S INTERESTS.
	 

	 
		(L)
	 

	 
		REGISTRATION ON FORM S-8.  THE COMPANY SHALL FILE WITH THE
		SECURITIES AND EXCHANGE COMMISSION A REGISTRATION STATEMENT ON FORM S-8 WITH
		RESPECT TO THE SECURITIES TO BE OFFERED TO PARTICIPANTS UNDER THE PLAN AND
		SHALL DURING THE TERM OF THE PLAN KEEP SUCH REGISTRATION STATEMENT
		EFFECTIVE.
	 

	 
		(M)
	 

	 
		SECTION 409A.  WITH RESPECT TO AWARDS SUBJECT TO SECTION
		409A OF THE CODE, THE PLAN IS INTENDED TO COMPLY WITH THE REQUIREMENTS OF
		SECTION 409A.  IF ANY PROVISION OF THE PLAN OR ANY TERM OR CONDITION OF
		ANY AWARD WOULD OTHERWISE FRUSTRATE OR CONFLICT WITH THIS INTENT, THE
		PROVISION, TERM, OR CONDITION WILL BE AMENDED BY THE BOARD OR COMMITTEE IN ITS
		DISCRETION TO COMPLY WITH SECTION 409A OF THE CODE.
	 

	 
		(N)
	 

	 
		GOVERNING LAW.  THE PLAN AND ALL DETERMINATIONS MADE AND
		ACTIONS TAKEN PURSUANT HERETO SHALL BE GOVERNED BY THE LAWS OF MARYLAND WITHOUT
		GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF.
	 

	 
		
 

	 

	 
		 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]