Document:

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                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT
                              --------------------

     THIS AGREEMENT, dated as of the 2nd day of January, 2002 by and among
Liberty National Bancshares, Inc., a Georgia corporation (the "Company"),
Liberty National Bank, a national bank organized under the laws of the United
States (the "Bank") (the Company and the Bank are collectively referred to
herein as the "Employer"), and William R. Walker, II (the "Executive").

                              W I T N E S S E T H:
                              - - - - - - - - - -

     WHEREAS, the Company is seeking to retain Executive as it's Senior Lending
Officer; and

     WHEREAS, Executive is willing to continue in the position of Senior Lending
Officer in accordance with the terms and conditions hereinafter set forth;

     NOW, THEREFORE, for and in consideration of the mutual premises and
covenants herein contained, the parties hereto agree as follows:

     1.   Employment. Employer employs Executive and Executive accepts
          ----------
employment upon the terms and conditions set forth in this Agreement.

     2.   Term. The term of employment of Executive under this Agreement shall
          ----
be the period commencing on the date of this Agreement and ending on December
31, 2004. Notwithstanding the foregoing, in the event that the term of this
Agreement expires and Executive and the Employer have not entered into a
successor, amended, or replacement employment agreement, Executive shall be
entitled to receive a cash payment equal to fifty percent (50%) of his annual
base salary paid hereunder in the event Executive's employment is terminated for
any reason other than that set forth in Section 11(a) hereunder.

     3.   Compensation. (a) Salary. For all services rendered by Executive,
          ------------      ------
Executive shall be paid a minimum base salary of $85,000 payable in equal
semi-monthly installments during the term of this Agreement. Salary payments
shall be subject to withholding and other applicable taxes. Such base salary
shall be increased in the discretion of the President of the Bank. The President
in exercising his discretion shall annually consider Executive's performance in
light of the specific goals and objectives for the Bank, which Executive and the
President shall mutually agree upon by the end of December of each calendar for
the succeeding calendar year.

     (b)  Bonus. In January of each year, and in addition to Executive's base
          -----
salary, Executive shall be eligible to receive such performance bonuses as
determined in the discretion of the President of the Bank, which bonuses may be
in amounts up to 30% of

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Executive's base salary. The payment of any bonus pursuant to this Section 3(b)
shall be contingent upon the following:

          (i)   Prior to the granting of any bonus to Executive, the President
                of the Bank shall consider, and document his findings,
                Executive's performance in light the goals and objectives
                mutually agreed upon between Executive and President at the end
                of each calendar year pursuant to Section 3(a) hereof.

          (ii)  The overall credit quality of the Bank must be "satisfactory" in
                the opinion of the OCC as set forth in the most current OCC
                Report of Supervisory Activity provided to the Board of
                Directors of the Bank and the Uniform Financial Institution
                Rating of the Bank shall not be less than a "3"; and

          (iii) The Bank shall be "adequately capitalized" as defined under the
                regulations promulgated by the OCC pursuant to the Federal
                Deposit Insurance Corporation Improvement Act of 1991.

     4.   Title and Duties. Executive shall serve as Executive Vice President
          ----------------
and Senior Lending Officer of the Bank for the term of this Agreement. Executive
shall supervise the day-to-day lending activities of the Bank, within the
framework of the approved annual budget, and with a sound system of internal
controls and in compliance with the policies of the Board of Directors of the
Bank, and all applicable laws and regulations.

     5.   Extent of Services. Executive shall devote his entire time, attention
          ------------------
and energies to the business of Employer and shall not during the term of this
Agreement be engaged in any other business activity which requires the attention
or participation of Executive during normal business hours of Employer,
recognition being given to the fact that Executive is expected on occasion to
participate in client development after normal business hours. However,
Executive may invest his assets in such form or manner as will not require his
services in the operation of the affairs of the companies in which such
investments are made. Executive shall notify Employer of any significant
participation by him in any trade association or similar organization.

     6.   Working Facilities. Executive shall have such assistant, perquisites,
          ------------------
facilities and services as are suitable to his position and appropriate for the
performance of his duties, including membership in appropriate civic clubs
(including dues, assessments and initiation fees).

     7.   Expenses. Executive may incur reasonable expenses for promoting the
          --------
business of the Bank, including expenses for entertainment, travel, and similar
items. Executive will be reimbursed for all such expenses upon Executive's
periodic presentation of an itemized account of such expenditures.

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     8.   Vacations. Executive shall be entitled each year to a vacation in
          ---------
accordance with the personnel policy established by the Bank's Board of
Directors, which vacation shall be not less than fifteen (15) days, during which
time Executive's compensation shall be paid in full.

     9.   Additional Compensation. As additional consideration paid to
          -----------------------
Executive, Executive shall be provided with health, hospitalization, disability
and term life insurance, and participation in the Bank's incentive compensation
plan. In addition, Executive shall have the use of a bank-owned automobile. All
stock options shall be exercisable for a period of ten (10) years from the date
of grant.

    10.   Change in Control of the Company. (a) In the event of a "change in
          --------------------------------
control" of the Company as defined herein, and further, if this agreement is
canceled without cause, or if the Executive is terminated without cause, or if
the Executive does not receive benefits and compensation consistent with his
position prior to the change of control, or if the Executive is given duties and
responsibilities that are not consistent with his position prior to the change
of control, Executive shall be entitled, for a period of one hundred eight (180)
days from the date of closing of the transaction effecting such change in
control, to receive a cash payment equal to one-hundred percent (100%) of his
total compensation, including bonus, if any, received by Executive in the
one-year period immediately preceding the change in control of the Company,
whichever is later. (b) For purposes of this Section 10, "change in control" of
the Company shall mean:

          (i)   any transaction, whether by merger, consolidation, asset sale,
                tender offer, reverse stock split, or otherwise, which results
                in the acquisition or beneficial ownership (such as term is
                defined under rules and regulations promulgated under the
                Securities Exchange Act of 1934, as amended) by any person or
                entity or any group of persons or entities acting in concert, of
                50% or more of the outstanding shares of Common Stock of the
                Company;

          (ii)  the sale of all or substantially all of the assets of the
                Company; or

          (iii) the liquidation of the Company.

    11.   Termination. (a) For Cause. This Agreement may be terminated by the
          -----------      ---------
Board of Directors of the Bank without notice and without further obligation
than for monies already paid, for any of the following reasons:

          (i)   receipt by the Bank of written notice from the OCC that the OCC
                has criticized Executive's performance or his area of
                responsibility, and has either (a) rated the Bank's credit
                quality a "4" or a "5" under the Uniform Financial Rating System
                or (b) has determined that the Bank's loan portfolio is in a
                "troubled condition" as

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                defined under Section 914 of the Financial Institutions Reform,
                Recovery and Enforcement Act of 1989;

          (ii)  failure of Executive to follow reasonable written instructions
                or policies of the President and/or Board of Directors of the
                Bank;

          (iii) gross negligence or willful misconduct of Executive materially
                damaging to the business of the Bank during the term of this
                Agreement, or at any time while he was employed by the Bank
                prior to the term of this Agreement, if not disclosed to the
                Bank prior to the commencement of the term of this Agreement; or

          (iv)  conviction of Executive during the term of this Agreement of a
                crime involving breach of trust or moral turpitude.

     In the event that the Bank discharges Executive alleging "cause" under this
Section 11(a) and it is subsequently determined judicially that the termination
was "without cause," then such discharge shall be deemed a discharge without
cause subject to the provisions of Section 11(b) hereof. In the event that the
Bank discharges Executive alleging "cause" under this Section 11(a), such notice
of discharge shall be accompanied by a written and specific description of the
circumstances alleging such "cause." The termination of Executive for "cause"
shall not entitle the Bank to enforcement of the non-competition and
non-solicitation covenants contained in Section 13 hereof.

     (b)  Without Cause.
          -------------

          (i)   The Bank may, upon thirty (30) days' written notice to
                Executive, terminate this Agreement without cause any time
                during the term of this Agreement upon the condition that
                Executive shall be entitled, as liquidated damages in lieu of
                all other claims, to the payment of fifty percent (50%) of his
                annual base salary. The severance payments provided for in this
                Section 11(b) shall commence not later than thirty (30) days
                after the actual date of termination of employment of Executive.
                The termination of Executive "without cause" shall not entitle
                the Bank to enforcement of the non-competition and
                non-solicitation covenants contained in Section 13 hereof.

          (ii)  Executive may upon thirty (30) days' written notice to Employer
                terminate this Agreement without cause at any time during the
                term of this Agreement. In the event of termination of this
                Agreement by Executive, the Bank shall have no further
                obligation to Executive than for monies paid and the Bank shall
                be entitled to enforcement of the non-competition and
                non-solicitation covenants contained in Section 13 hereof.

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          (iii) In the event this Agreement is terminated without cause, whether
                by Executive or by the Bank, any stock options or unexercised
                portion thereof, granted pursuant to this Agreement, whether or
                not vested on the date of termination, may be exercised by
                Executive within thirty (30) days from the date of the
                termination at which time all such options shall expire.

     12.  Death or Disability. In the event of Executive's death, Employer shall
          -------------------
pay to Executive's designated beneficiary, or if Executive has failed to
designate a beneficiary, to his estate, an amount equal to Executive's base
salary pursuant to Section 3 hereof through the end of the month in which
Executive's death occurred. Such compensation shall be in lieu of any other
benefits provided hereunder, except that (i) in the event of change in control
of the Company as defined herein, Executive's designated beneficiary or his
estate, as the case may be, shall be entitled to the benefits of Section 10(b)
hereof, and (ii) any benefit payable pursuant to Section 3 shall be prorated and
made available to Executive in respect of any period prior to his death. The
Bank may maintain insurance on its behalf to satisfy in whole or in part the
obligations of this Section 12.

          In the event of Executive's disability, as hereinafter defined,
Employer shall pay to Executive the base salary then in effect through the end
of the month in which Executive became disabled. Executive shall be deemed
disabled if, by reason of physical or mental impairment, he is incapable of
performing his duties hereunder for a period of sixty (60) consecutive days. Any
dispute regarding the existence, the extent, or the continuance of Executive's
disability shall be resolved by the determination of a duly licensed and
practicing physician selected by and mutually agreeable to both the Board of
Directors of the Bank and Executive; provided, however, if Executive officially
establishes his eligibility to receive social security disability benefits or is
deemed disabled under the terms and conditions of any disability insurance
policy carried on Executive by the Company or the Bank, he shall be deemed to be
disabled as provided herein without further proof. Executive shall make himself
available for and submit to such examinations by said physician as may be
directed from time to time by the physician. Failure to submit to any such
examination shall constitute a material breach of this Agreement.

     13.  Non-Competition and Non-Solicitation. (a) Executive acknowledges that
          ------------------------------------
he has performed services or will perform services hereunder, which directly
affect Employer's business. Accordingly, the parties deem it necessary to enter
into the protective agreement set forth below, the terms and condition of which
have been negotiated by and between the parties hereto.

          (b)  In the event of termination of employment under this Agreement by
action of Executive pursuant to 10(b) (ii) prior to the expiration of the term
of this Agreement, Executive agrees with Employer that through the actual date
of termination

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of the Agreement, and for a period of twelve (12) months after such termination
date, Executive shall not, without the prior written consent of Employer, within
Rockdale or adjoining counties, either directly or indirectly, serve as an
employee of any bank, bank holding company or other financial institution.

          (c)  The covenants of Executive set forth in this Section 13 are
separate and independent covenants for which valuable consideration has been
paid, the receipt, adequacy and sufficiency of which are acknowledged by
Executive, and have also been made by Executive to induce Employer to enter into
this Agreement. In the event that a court of competent jurisdiction finds that
Executive has violated the provisions of this Section 13, then, as partial
relief to Employer, all unexercised options granted to Executive pursuant to
Section 9 hereof shall immediately become null and void. Further, each of the
aforesaid covenants may be availed of or relied upon by Employer in any court of
competent jurisdiction, and shall form the basis of injunctive relief and
damages including expenses of litigation (including but not limited to
reasonable attorney's fees) suffered by Employer arising out of any breach of
the aforesaid covenants by Executive. The covenants of Executive set forth in
this Section 13 are cumulative to each other and to all other covenants of
Executive in favor of Employer contained in this Agreement and shall survive the
termination of this Agreement of the purposes intended. Should any covenant,
term, or condition contained in this Section 13 become or be declared invalid or
unenforceable by a court of competent jurisdiction, then the parties may request
that such court judicially modify such unenforceable provision consistent with
the intent of this Section 13 so that it shall be enforceable as modified, and
in any event the invalidity of any provision of this Section 13 shall not affect
the validity of any other provision in this Section 13 or elsewhere in this
Agreement.

     14.  Notices. Any notice required or desired to be given under this
          -------
Agreement shall be deemed given if in writing sent by certified mail to his
residence in the case of Executive, or to its principal office in the case of
Employer.

     15.  Waiver of Breach. The waiver by Employer of a breach of any provision
          ----------------
of this Agreement by Executive shall not operate or be construed as a waiver of
any subsequent breach by Executive. No waiver shall be valid unless in writing
and signed by an authorized officer of Employer.

     16.  Assignment. Executive acknowledges that the services to be rendered by
          ----------
him are unique and personal. Accordingly, Executive may not assign any of his
rights or delegate any of his duties or obligations under this Agreement. The
rights and obligations of Executive under this Agreement shall inure to the
benefit of and shall be binding upon the successors and assigns of Employer.

     17.  Governing Law. This Agreement shall be governed and construed in
          -------------
accordance with the State of Georgia.

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     18.  Entire Agreement. This Agreement contains the entire understanding of
          ----------------
the parties hereto regarding employment of Executive, and supersedes and
replaces any prior agreement relating hereto. It may not be changed orally but
only by an agreement in writing signed by the party against whom enforcement of
any waiver, change, modification, extension, or discharge is sought.

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

                              "Bank"

                              LIBERTY NATIONAL BANK

                              By: /s/ William L. Daniel
                                  -------------------------------
                                   William L. Daniel, President

                              "Company"

                              LIBERTY NATIONAL BANCSHARES, INC.

                              By: /s/ Julia W. Morgan
                                  -------------------------------
                                   Julia W. Morgan, Vice Chairman

                              "Executive"

                              /s/ William R. Walker              (L.S.)
                              -----------------------------------
                              William R. Walker, II

                                                                               7EXHIBIT 4.1

                      TRANSACTION SYSTEMS ARCHITECTS, INC.
                  2002 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

        1.  Approval of the Plan.  Subject to approval of the Transaction
Systems Architects, Inc. 2002 Non-Employee Director Stock Option Plan by
the stockholders of the Company at the next Annual Meeting of Stockholders
(presently scheduled to take place on February 19, 2002), the Board approved
the Plan in January 2002.

        2. Purpose of the Plan.  The purpose of the Transaction Systems
Architects, Inc. 2002 Non-Employee Director Stock Option Plan is to promote the
long-term growth of the Company by increasing the proprietary interest of
Non-Employee Directors in the Company and to retain highly qualified and capable
Non-Employee Directors.

        3.    Definitions.  Unless the context clearly indicates otherwise, the
following terms shall have the following meanings:

            "Board" shall mean the Board of Directors of the Company.

            "Code" shall mean the Internal Revenue Code of 1986, as amended.

            "Company" shall mean Transaction Systems Architects, Inc.

            "Disability" shall mean permanent and total disability as defined in
Section 22(e)(3) of the Code.

            "Duman" and "Alexander" shall mean Mr. Gregory J. Duman and Roger K.
Alexander, respectively, each presently a nominee for election to the Board as a
Non-Employee Director.

            "Employee" shall mean an employee of either the Company or any
subsidiary thereof.

            "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

            "Fair Market Value" shall mean the closing bid price on the date in
question, as such price is reported by the National Association of Securities
Dealers on the NASDAQ National Market or any successor system for a share of
Class A Common Stock of the Company.

            "Option" shall mean an option to purchase Shares granted under this
Plan.

            "First Option Grant Date" shall mean March 4, 2002.

            "Optionee" shall mean a Non-Employee Director of the Company to whom
an Option has been granted under this Plan.

            "Non-Employee Director" shall mean a director of the Company who is
not an employee of the Company or any subsidiary of the Company at the time any
option is granted hereunder. For so long as an individual continues to serve
without interruption as either a Non-Employee Director or an Employee subsequent
to his/her receipt of an option hereunder, said person shall for purposes of
those options previously granted hereunder continue to be considered a
Non-Employee Director.

            "Plan" shall mean the Transaction Systems Architects, Inc. 2002
Non-Employee Director Stock Option Plan, as amended from time to time.

            "Shares" shall mean shares of the Class A Common Stock of the
Company.

            "Stock Option Agreement" shall mean a written agreement between a
Non-Employee Director and the Company evidencing an Option in such form as the
Board shall approve.

        4. Administration of the Plan. The Plan shall be administered by the
Board. The Board shall be authorized to interpret the Plan and may, from time to
time, adopt, amend and rescind such rules, regulations and procedures as it may
deem advisable to implement and administer the Plan. The interpretation and
construction by the Board of any provision of the Plan, any Option granted
hereunder or any agreement evidencing any such Option shall be final, conclusive
and binding upon all parties.

        All expenses and liabilities incurred by the Board in the administration
of the Plan shall be borne by the Company. The Board may employ attorneys,
consultants, accountants or other persons in connection with the administration
of the Plan. The Company, and its officers and directors, shall be entitled to
rely upon the advice, opinions or valuations of any such persons. No member of
the Board shall be liable for any action, determination or interpretation taken
or made in good faith with respect to the Plan or any Option granted hereunder.

        The Board shall have full power and authority to interpret and construe
the Plan and adopt such rules and regulations as it shall deem necessary and
advisable to implement and administer the Plan. All such interpretations, rules
and regulations shall be conclusive and binding on all parties.

        5. Life of Option Grants.  Notwithstanding and term or conditions to the
contrary stated herein, no Option granted under the Plan shall be exercisable,
in whole or in part, after 10 years from the date of grant.

        6. Specific Option Grants. Provided and to the extent that each of them
is duly elected at the next Annual Meeting of Stockholders (presently scheduled
to be held on February 19, 2002) to serve as a member of the Board, on the First
Option Grant Date the following grants of Options shall be made:

            (i)  Duman shall be granted an Option to purchase 20,000 Shares; and

            (ii) Alexander shall be granted an Option to purchase 16,000 Shares.

        7. Other Option Grants. Beginning on the day after the next Annual
Meeting of Stockholders (presently scheduled to be held on February 19, 2002),
any individual who is for the first time either duly appointed by the Board or
elected by the Stockholders as a Non-Employee Director shall on the date of
either such appointment or election be granted an Option to purchase 20,000
Shares. Beginning with the Annual Meeting of Stockholders to be held in 2003,
each Non-Employee Director who is a duly elected member of the Board upon the
conclusion of that or any subsequent Annual Meeting of Stockholders and who has
previously served as a Non-Employee Director shall be granted an Option to
purchase 4,000 shares on the date of such Annual Meeting of Stockholders.

        8. Option Agreement. Each Option granted under the Plan shall be
evidenced by a Stock Option Agreement. No person shall have any rights under any
Option granted under the Plan unless and until the Company and the person to
whom such Option shall have been granted shall have executed and delivered a
written Option Agreement. Exclusive of the Exercise Price, date of grant, and
the time of exercise, the terms and conditions of each Option Agreement shall be
determined by the Board.

        9. Shares Subject to the Plan. Subject to adjustment as provided in
Section 14, the aggregate number of Shares which may be issued or delivered upon
the exercise of Options shall not exceed 250,000 Shares. The Shares that may be
subject to Options may be either authorized and unissued shares or shares
reacquired at any time and now or hereafter held as treasury stock, as the Board
may determine.

        10. Non-Transferability of Options. Options shall not be transferable
otherwise than by will or the laws of descent and distribution, and during an
Optionee's lifetime an Option shall be exercisable only by the Optionee.

        11. Non-Qualified Options. Each Option issued hereunder shall not
constitute nor be treated as an "incentive stock option" as defined in Section
422 of the Code or an option described in Section 423(b) of the Code: each
Option will be a "non-qualified stock option" for federal income tax purposes.

        12.  Exercise Price.  The Option exercise price per share under each
Option shall be equal to 100% of the Fair Market Value per Share subject to the
Option on the Option Grant Date.

        13. Exercise of Options. An Option may not be exercised during the first
year after the Option Grant Date. After the first anniversary of the Option
Grant Date, it may be exercised as to not more than 331/3% of the Shares
available for purchase under the Option and, after each of the second and third
anniversaries of the Option Grant Date, it may be exercised as to not more than
an additional 331/3% of such shares plus any shares as to which the Option might
theretofore have been exercisable but shall not have been exercised. No option
shall be exercised later than ten years after the Option Grant Date.

        Except as provided in this Section 13, all Options granted to a
Non-Employee Director shall automatically be forfeited by such person at the
time such person shall cease to be a Non-Employee Director, provided, however
that an Optionee may exercise then-vested options within 30 days after
termination unless said termination of results from an act of (a) fraud or
intentional misrepresentation or (b) embezzlement, misappropriation or
conversion of assets or opportunities of the Company or any direct or indirect
majority-owned subsidiary of the Company, by such Non-Employee Director. The
determination of whether termination resulted from such act shall be made by the
Board, whose determination shall be conclusive. If service by the Optionee as a
Non-Employee Director terminates by reason of Disability, the unexercised
portion of any Option held by such Optionee at that time may be exercised within
one year after the date on which the Optionee ceased to serve as a Non-Employee
Director, but no later than the date the Option expires, and to the extent that
the Optionee could have otherwise exercised such Option if it had been
completely exercisable. To the extent that the Optionee is not entitled to
exercise the Option on such date, or if the Optionee does not exercise it within
the time specified, such Option shall terminate. The Board shall have the
authority to determine the date an Optionee ceases to serve as a Non-Employee
Director by reason of his Disability. If an Optionee dies while serving as a
Non-Employee Director of the Company (or dies within a period of 30 days after
termination of his service as a Non-Employee Director for any reason other than
Disability or within a period of one year after termination of his service as a
Non-Employee Director by reason of Disability), the unexercised portion of any
Option held by such Optionee at the time of his death may be exercised within
one year after the date of such Optionee's death, but no later than the date the
Option expires, and to the extent that the Optionee could have otherwise
exercised such Option if it had been completely exercisable. Such Option may be
exercised by the executor or administrator of the Optionee's estate or by any
person or persons who shall have acquired the Option directly from the Optionee
by bequest or inheritance. To the extent that the Option is not entitled to be
exercised on such date or if the Option is not exercised within the time
specified, such Option shall terminate.

        An Option may not be exercised for a fraction of a Share. An Option
shall be deemed to be exercised when written notice of such exercise has been
given to the Company in accordance with the terms of the Stock Option Agreement
by the Optionee entitled to exercise the Option and full payment for the Shares
with respect to which the Option is exercised has been received by the Company.
Payment for the Shares upon exercise of an Option shall be made in cash, by
certified check, or by any other method of payment that may be permitted under
applicable law and authorized by the Board. Each exercise of an Option shall
reduce, by an equal number, the total number of Shares that may thereafter be
purchased under such Option.

        14. Adjustments. In the event that the outstanding Shares shall be
increased or decreased or changed into or exchanged for a different number or
kind of shares of stock or other securities of the Company or of another
corporation, effected without the receipt of consideration by the Company,
through reorganization, merger or consolidation, recapitalization,
reclassification, stock split, reverse stock split, split-up, combination or
exchange of shares or declaration of any dividends payable in Shares, the Board
shall appropriately adjust, subject to any required action by the stockholders
of the Company, (i) the number of Shares (and the Option exercise price per
share) subject to the unexercised portion of any outstanding Option (to the
nearest possible full share), and (ii) the number of Shares for which Options
may be granted under the Plan, as set forth in Section 9 hereof, and such
adjustments shall be final, conclusive and binding for all purposes of the Plan.
Except as expressly provided herein, no issuance by the Company of 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 subject to an Option.

        Notwithstanding the foregoing, in the event of (i) any offer or proposal
to holders of the Company's Shares relating to the acquisition of their Shares,
including, without limitation, through purchase, merger or otherwise, or (ii)
any transaction generally relating to the acquisition of substantially all of
the assets or business of the Company, or (iii) the dissolution or liquidation
of the Company, the Board may make such adjustment as it deems equitable in
respect of outstanding Options (and in respect of the Shares for which Options
may be granted under the Plan), including, without limitation, the revision,
acceleration, cancellation, or termination of any outstanding Options, or the
change, conversion or exchange of the Shares under outstanding Options (and of
the Shares for which Options may be granted under the Plan) into or for
securities or other property of another corporation. Any such adjustments by the
Board shall be final, conclusive and binding for all purposes of the Plan.

        15. Amendment of the Plan. The Board may amend the Plan from time to
time as it deems desirable in its sole discretion without approval of the
stockholders of the Company, except to the extent stockholder approval is
required by Rule 16b-3 of the Exchange Act, applicable NASDAQ National Market or
stock exchange rules, applicable Code provisions, or other applicable laws or
regulations.

        16. Termination of the Plan. The Board may terminate the Plan at any
time in its sole discretion. No Option may be granted hereunder after
termination of the Plan. The termination or amendment of the Plan shall not
alter or impair any rights or obligations under any Option previously granted
under the Plan in any material adverse way without the affected Optionee's
consent.

        17. Modification, Extension and Renewal of Options. Within the
limitations of the Plan and subject to Section 11, the Board may modify, extend
or renew outstanding Options or accept the cancellation of outstanding Options
for the granting of new Options in substitution therefor. Notwithstanding the
preceding sentence, except for any adjustment described in Section 14, (i) no
modification of an Option shall, without the consent of the Optionee, alter or
impair any rights or obligations under any Option previously granted under the
Plan in any material adverse way without the affected Optionee's consent, and
(ii) the exercise price of outstanding Options may not be altered, amended or
modified.

        18.  Governing Law.  The Plan and all Stock Option Agreements executed
in connection with the Plan shall be governed by and construed in accordance
with the laws of the State of Delaware, without regard to conflict of laws
principles.

        19.  Successors.  This Plan is binding on and will inure to the benefit
of any successor to the Company, whether by way of merger, consolidation,
purchase, or otherwise.

        20. Severability. If any provision of the Plan or any Stock Option
Agreement shall be held illegal or invalid for any reason, such illegality or
invalidity shall not affect the remaining provisions of the Plan or Stock Option
Agreement, and the Plan and each Stock Option Agreement shall each be construed
and enforced as if the invalid provisions had never been set forth therein.

        21. Plan Provisions Control. The terms of the Plan govern all Options
granted under the Plan, and in no event will the Board have the power to grant
any Option under the Plan that is contrary to any of the provisions of the Plan.
In the event any provision of any Option granted under the Plan shall conflict
with any term in the Plan, the term in the Plan shall control.

        22.  Headings.  The  headings used in the Plan are for convenience only,
do not constitute a part of the Plan, and shall not be deemed to limit,
characterize, or affect in any way any provisions of the Plan, and all
provisions of the Plan shall be construed as if no captions had been used in the
Plan.

        23. Rights as Stockholder. No person shall have any right as a
stockholder of the Company with respect to any Shares which are subject to an
Option unless and until such person becomes a stockholder of record with respect
to such Shares.

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