Document:

Exhibit
      10.33

    

    

      TRULITE,
        INC.

       

      AMENDED
        AND RESTATED STOCK OPTION PLAN

       

      ORIGINALLY
        ADOPTED ON APRIL 11, 2005

       

      AMENDED
        AND RESTATED ON MARCH __, 2006

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        TRULITE,
          INC. AMENDED AND RESTATED STOCK OPTION
          PLAN

      

    

     

    1.
      Establishment
      And Purpose.

     

    The
      purpose of the Plan is to offer selected persons an opportunity to acquire
      a
      proprietary interest in the success of the Company, or to increase such
      interest, by purchasing Shares of the Company’s Stock. The Plan provides for the
      grant of Options to purchase Shares. Options granted under the Plan may include
      Nonstatutory Options as well as ISOs intended to qualify under Section 422
      of the Code.

     

    Capitalized
      terms are defined in Section 12.

     

     

    2.
      Administration.

     

    (a)
      Committees of the Board of Directors. The Plan may be administered by one or
      more Committees. Each Committee shall consist of one or more members of the
      Board of Directors who have been appointed by the Board of Directors. Each
      Committee shall have such authority and be responsible for such functions as
      the
      Board of Directors has assigned to it. If no Committee has been appointed,
      the
      entire Board of Directors shall administer the Plan. Any reference to the Board
      of Directors in the Plan shall be construed as a reference to the Committee
      (if
      any) to whom the Board of Directors has assigned a particular
      function.

     

    (b)
      Authority of the Board of Directors. Subject to the provisions of the Plan,
      the
      Board of Directors shall have full authority and discretion to take any actions
      it deems necessary or advisable for the administration of the Plan. All
      decisions, interpretations and other actions of the Board of Directors shall
      be
      final and binding on all Optionees and all persons deriving their rights from
      an
      Optionee.

     

     

    3.
      Eligibility.

     

    (a)
      General Rule. Only Employees, Outside Directors and Consultants
      shall
      be
      eligible for the grant of Nonstatutory Options. Only Employees shall be eligible
      for the grant of ISOs.

     

    (b)
      Ten-Percent Stockholders. A person who owns more than 10% of the total combined
      voting power of all classes of outstanding stock of the Company, its Parent
      or
      any of its Subsidiaries shall not be eligible for the grant of an ISO unless
      (i) the Exercise Price is at least 110% of the Fair Market Value of a Share
      on the date of grant and (ii) such ISO by its terms is not exercisable
      after the expiration of five years from the date of grant. For purposes of
      this
      Subsection (b), in determining stock ownership, the attribution rules of
      Section 424(d) of the Code shall be applied.

     

     

    4.
      Stock Subject To Plan.

     

    (a)
      Basic
      Limitation. Not more than one million seven hundred twenty one thousand six
      hundred and sixty five (1,721,665) Shares may be issued under the Plan (subject
      to Subsection (b) below and Section 7). The number of Shares that are
      subject to Options or other rights outstanding at any time under the Plan shall
      not exceed the number of Shares that then remain available for issuance under
      the Plan. The Company, during the term of the Plan, shall at all times reserve
      and keep available sufficient Shares to satisfy the requirements of the Plan.
      Shares offered under the Plan may be authorized but unissued Shares or treasury
      Shares.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)
      Additional Shares. In the event that Shares previously issued under the Plan
      are
      reacquired by the Company pursuant to a forfeiture provision, right of
      repurchase or right of first refusal, such Shares shall be added to the number
      of Shares then available for issuance under the Plan. However, the aggregate
      number of Shares issued upon the exercise of ISOs (including Shares reacquired
      by the Company) shall in no event exceed 200% of the number specified in
      Subsection (a) above. In the event that an outstanding Option or other
      right for any reason expires or is canceled, the Shares allocable to the
      unexercised portion of such Option or other right shall not reduce the number
      of
      Shares available for issuance under the Plan.

     

     

    5.
      Terms And Conditions Of Options.

     

    (a)
      Stock
      Option Agreement. Each grant of an Option under the Plan shall be evidenced
      by a
      Stock Option Agreement between the Optionee and the Company. Such Option shall
      be subject to all applicable terms and conditions of the Plan and may be subject
      to any other terms and conditions which are not inconsistent with the Plan
      and
      which the Board of Directors deems appropriate for inclusion in a Stock Option
      Agreement. The provisions of the various Stock Option Agreements entered into
      under the Plan need not be identical.

     

    (b)
      Number of Shares. Each Stock Option Agreement shall specify the number of Shares
      that are subject to the Option and shall provide for the adjustment of such
      number in accordance with Section 7. The Stock Option Agreement shall also
      specify whether the Option is an ISO or a Nonstatutory Option.

     

    (c)
      Exercise Price. Each Stock Option Agreement shall specify the Exercise Price.
      The Exercise Price of an Option shall not be less than 100% of the Fair Market
      Value of a Share on the date of grant, and a higher percentage may be required
      by Section 3(b). Subject to the preceding sentence, the Exercise Price
      under an Option shall be determined by the Board of Directors at its sole
      discretion. The Exercise Price shall be payable in a form described in
      Section 6.

     

    (d)
      Exercisability. Each Stock Option Agreement shall specify the date when all
      or
      any installment of the Option is to become exercisable. No Option shall be
      exercisable unless the Optionee has delivered an executed copy of the Stock
      Option Agreement to the Company. The Board of Directors shall determine the
      exercisability provisions of any Stock Option Agreement at its sole
      discretion.

     

    (e)
      Accelerated Exercisability. Unless the applicable Stock Option Agreement
      provides otherwise, all of an Optionee’s Options shall become exercisable in
      full if (i) the Company is subject to a Change in Control before the
      Optionee’s Service terminates, (ii) such Options do not remain outstanding,
      (iii) such Options are not assumed by the surviving corporation or its
      parent and (iv) the surviving corporation or its parent does not substitute
      options with substantially the same terms for such Options. A Stock Option
      Agreement may also provide for accelerated exercisability in the event of the
      Optionee’s death, disability or retirement or other events.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (f)
      Term.
      The Stock Option Agreement shall specify the term of the Option. The term shall
      not exceed 7 years from the date of grant, and in the case of an ISO a shorter
      term may be required by Section 3(b). Subject to the preceding sentence,
      the Board of Directors at its sole discretion shall determine when an Option
      is
      to expire. A Stock Option Agreement may provide for expiration prior to the
      end
      of its term in the event of the termination of the Optionee’s Service or
      death.

     

    (g)
      Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option
      shall be subject to such special forfeiture conditions, rights of repurchase,
      rights of first refusal and other transfer restrictions as the Board of
      Directors may determine. Such restrictions shall be set forth in the applicable
      Stock Option Agreement and shall apply in addition to any restrictions that
      may
      apply to holders of Shares generally.

     

    (h)
      Transferability of Options. An Option shall be transferable by the Optionee
      only
      by (i) a beneficiary designation, (ii) a will or (iii) the laws
      of descent and distribution, except as provided in the next sentence. If the
      applicable Stock Option Agreement so provides, a Nonstatutory Option shall
      also
      be transferable by the Optionee by (i) a gift to a member of the Optionee’s
      Immediate Family or (ii) a gift to an inter vivos or testamentary trust in
      which members of the Optionee’s Immediate Family have a beneficial interest of
      more than 50% and which provides that such Nonstatutory Option is to be
      transferred to the beneficiaries upon the Optionee’s death. An ISO may be
      exercised during the lifetime of the Optionee only by the Optionee or by the
      Optionee’s guardian or legal representative.

     

    (i)
      Withholding Taxes. As a condition to the exercise of an Option, the Optionee
      shall make such arrangements as the Board of Directors may require for the
      satisfaction of any federal, state, local or foreign withholding tax obligations
      that may arise in connection with such exercise. The Optionee shall also make
      such arrangements as the Board of Directors may require for the satisfaction
      of
      any federal, state, local or foreign withholding tax obligations that may arise
      in connection with the disposition of Shares acquired by exercising an
      Option.

     

    (j)
      No
      Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall
      have
      no rights as a stockholder with respect to any Shares covered by the Optionee’s
      Option until such person becomes entitled to receive such Shares by filing
      a
      notice of exercise and paying the Exercise Price pursuant to the terms of such
      Option.

     

    (k)
      Modification, Extension and Assumption of Options. Within the limitations of
      the
      Plan, the Board of Directors may modify, extend or assume outstanding Options
      or
      may accept the cancellation of outstanding Options (whether granted by the
      Company or another issuer) in return for the grant of new Options for the same
      or a different number of Shares and at the same or a different Exercise Price.
      The foregoing notwithstanding, no modification of an Option shall, without
      the
      consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s
      obligations under such Option.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    6.
      Payment For Shares.

     

    (a)
      General Rule. The entire Exercise Price of Shares issued under the Plan shall
      be
      payable in cash or cash equivalents at the time when such Shares are purchased,
      except as otherwise provided in this Section 6.

     

    (b)
      Surrender of Stock. To the extent that a Stock Option Agreement so provides,
      all
      or any part of the Exercise Price may be paid by surrendering, or attesting
      to
      the ownership of, Shares that are already owned by the Optionee. Such Shares
      shall be surrendered to the Company in good form for transfer and shall be
      valued at their Fair Market Value on the date when the Option is exercised.
      The
      Optionee shall not surrender, or attest to the ownership of, Shares in payment
      of the Exercise Price if such action would cause the Company to recognize
      compensation expense (or additional compensation expense) with respect to the
      Option for financial reporting purposes.

     

    (c)
      Promissory Note. To the extent that a Stock Option Agreement so provides, all
      or
      a portion of the Exercise Price of Shares issued under the Plan may be paid
      with
      a full-recourse promissory note. However, the par value of the Shares, if newly
      issued, shall be paid in cash or cash equivalents. The Shares shall be pledged
      as security for payment of the principal amount of the promissory note and
      interest thereon. The interest rate payable under the terms of the promissory
      note shall not be less than the minimum rate (if any) required to avoid the
      imputation of additional interest under the Code. Subject to the foregoing,
      the
      Board of Directors (at its sole discretion) shall specify the term, interest
      rate, amortization requirements (if any) and other provisions of such
      note.

     

    (d)
      Exercise/Sale. To the extent that a Stock Option Agreement so provides, and
      if
      Stock is publicly traded, payment may be made all or in part by the delivery
      (on
      a form prescribed by the Company) of an irrevocable direction to a securities
      broker approved by the Company to sell Shares and to deliver all or part of
      the
      sales proceeds to the Company in payment of all or part of the Exercise Price
      and any withholding taxes.

     

    (e)
      Exercise/Pledge. To the extent that a Stock Option Agreement so provides, and
      if
      Stock is publicly traded, payment may be made all or in part by the delivery
      (on
      a form prescribed by the Company) of an irrevocable direction to pledge Shares
      to a securities broker or lender approved by the Company, as security for a
      loan, and to deliver all or part of the loan proceeds to the Company in payment
      of all or part of the Exercise Price and any withholding taxes.

     

     

    7.
      Adjustment Of Shares.

     

    (a)
      General. In the event of a subdivision of the outstanding Stock, a declaration
      of a dividend payable in Shares, a declaration of an extraordinary dividend
      payable in a form other than Shares in an amount that has a material effect
      on
      the Fair Market Value of the Stock, a combination or consolidation of the
      outstanding Stock into a lesser number of Shares, a recapitalization, a
      spin-off, a reclassification or a similar occurrence, the Board of Directors
      shall make appropriate adjustments in one or more of (i) the number of
      Shares available for future grants under Section 4, (ii) the number of
      Shares covered by each outstanding Option or (iii) the Exercise Price under
      each outstanding Option.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)
      Mergers and Consolidations. In the event that the Company is a party to a merger
      or consolidation, outstanding Options shall be subject to the agreement of
      merger or consolidation. Such agreement shall provide for:

     

    (c)
      The
      continuation of such outstanding Options by the Company (if the Company is
      the
      surviving corporation);

     

    (d)
      The
      assumption of the Plan and such outstanding Options by the surviving corporation
      or its parent;

     

    (e)
      The
      substitution by the surviving corporation or its parent of options with
      substantially the same terms for such outstanding Options;

     

    (f)
      The
      full exercisability of such outstanding Options and full vesting of the Shares
      subject to such Options, followed by the cancellation of such Options;
      or

     

    (g)
      The
      settlement of the full value of such outstanding Options (whether or not then
      exercisable) in cash or cash equivalents, followed by the cancellation of such
      Options.

     

    (h)
      Reservation of Rights. Except as provided in this Section 7, an Optionee
      shall have no rights by reason of (i) any subdivision or consolidation of
      shares of stock of any class, (ii) the payment of any dividend or
      (iii) any other increase or decrease in the number of shares of stock of
      any class. Any issuance by the Company of shares of stock of any class, or
      securities convertible into shares of stock of any class, shall not affect,
      and
      no adjustment by reason thereof shall be made with respect to, the number or
      Exercise Price of Shares subject to an Option. The grant of an Option pursuant
      to the Plan shall not affect in any way the right or power of the Company to
      make adjustments, reclassifications, reorganizations or changes of its capital
      or business structure, to merge or consolidate or to dissolve, liquidate, sell
      or transfer all or any part of its business or assets.

     

     

    8.
      Securities Law Requirements.

     

    Shares
      shall not be issued under the Plan unless the issuance and delivery of such
      Shares comply with (or are exempt from) all applicable requirements of law,
      including (without limitation) the Securities Act of 1933, as amended, the
      rules
      and regulations promulgated thereunder, state securities laws and regulations,
      and the regulations of any stock exchange or other securities market on which
      the Company’s securities may then be traded.

     

     

    9.
      No Retention Rights.

     

    Nothing
      in the Plan or in any right or Option granted under the Plan shall confer upon
      the Optionee any right to continue in Service for any period of specific
      duration or interfere with or otherwise restrict in any way the rights of the
      Company (or any Parent or Subsidiary employing or retaining the Optionee) or
      of
      the Optionee, which rights are hereby expressly reserved by each, to terminate
      his or her Service at any time and for any reason, with or without
      cause.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    10.
      Duration and Amendments.

     

    (a)
      Term
      of the Plan. The Plan, as set forth herein, shall become effective on the date
      of its adoption by the Board of Directors, subject to the approval of the
      Company’s stockholders. If the stockholders fail to approve the Plan within 12
      months after its adoption by the Board of Directors, then any grants and
      exercises that have already occurred under the Plan shall be rescinded and
      no
      additional grants or exercises shall thereafter be made under the Plan. The
      Plan
      shall terminate automatically 10 years after the later of (i) its adoption
      by the Board of Directors or (ii) the most recent increase in the number of
      Shares reserved under Section 4 that was approved by the Company’s
      stockholders. The Plan may be terminated on any earlier date pursuant to
      Subsection (b) below.

     

    (b)
      Right
      to Amend or Terminate the Plan. The Board of Directors may amend, suspend or
      terminate the Plan at any time and for any reason; provided, however, that
      any
      amendment of the Plan shall be subject to the approval of the Company’s
      stockholders if it (i) increases the number of Shares available for
      issuance under the Plan (except as provided in Section 7) or
      (ii) materially changes the class of persons who are eligible for the grant
      of ISOs. Stockholder approval shall not be required for any other amendment
      of
      the Plan. If the stockholders fail to approve an increase in the number of
      Shares reserved under Section 4 within 12 months after its adoption by the
      Board of Directors, then any grants and exercises that have already occurred
      in
      reliance on such increase shall be rescinded and no additional grants or
      exercises shall thereafter be made in reliance on such increase.

     

    (c)
      Effect of Amendment or Termination. No Shares shall be sold under the Plan
      after
      the termination thereof, except upon exercise of an Option granted prior to
      such
      termination. The termination of the Plan, or any amendment thereof, shall not
      affect any Option previously granted under the Plan.

     

     

    11.
      Definitions.

     

    “Board
      of
      Directors” shall mean the Board of Directors of the Company, as constituted from
      time to time.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)  “Change
      in Control” shall mean:

     

    (i) The
      consummation of a merger or consolidation of the Company with or into another
      entity or any other corporate reorganization, if persons who were not
      stockholders of the Company immediately prior to such merger, consolidation
      or
      other reorganization own immediately after such merger, consolidation or other
      reorganization 50% or more of the voting power of the outstanding securities
      of
      each of (A) the continuing or surviving entity and (B) any direct or
      indirect parent corporation of such continuing or surviving entity;
      or

     

    (ii) The
      sale,
      transfer or other disposition of all or substantially all of the Company’s
      assets.

     

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

     

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

     

    “Committee”
      shall mean a committee of the Board of Directors, as described in
      Section 2(a).

     

    “Company”
      shall mean Trulite, Inc., a Delaware corporation.

     

    “Consultant”
      shall mean a person who performs bona fide services for the Company, a Parent
      or
      a Subsidiary as a consultant or advisor, excluding Employees and Outside
      Directors.

     

    “Employee”
      shall mean any individual who is a common-law employee of the Company, a Parent
      or a Subsidiary.

     

    “Exercise
      Price” shall mean the amount for which one Share may be purchased upon exercise
      of an Option, as specified by the Board of Directors in the applicable Stock
      Option Agreement.

     

    “Fair
      Market Value” shall mean the fair market value of a Share, as determined by the
      Board of Directors in good faith. Such determination shall be conclusive and
      binding on all persons.

     

    “Immediate
      Family” shall mean any child, stepchild, grandchild, parent, stepparent,
      grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law,
      daughter-in-law, brother-in-law or sister-in-law and shall include adoptive
      relationships.

     

    “ISO”
      shall mean an employee incentive stock option described in Section 422(b)
      of the Code.

     

    “Nonstatutory
      Option” shall mean a stock option not described in Sections 422(b) or
      423(b) of the Code.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    “Option”
      shall mean an ISO or Nonstatutory Option granted under the Plan and entitling
      the holder to purchase Shares.

     

    “Optionee”
      shall mean a person who holds an Option.

     

    “Outside
      Director” shall mean a member of the Board of Directors who is not an
      Employee.

     

    “Parent”
      shall mean any corporation (other than the Company) in an unbroken chain of
      corporations ending with the Company, if each of the corporations other than
      the
      Company owns stock possessing 50% or more of the total combined voting power
      of
      all classes of stock in one of the other corporations in such chain. A
      corporation that attains the status of a Parent on a date after the adoption
      of
      the Plan shall be considered a Parent commencing as of such date.

     

    “Plan”
      shall mean this Trulite, Inc. Amended and Restated Stock Option Plan.

     

    “Service”
      shall mean service as an Employee, Outside Director or Consultant.

     

    “Share”
      shall mean one share of Stock, as adjusted in accordance with Section 8 (if
      applicable).

     

    “Stock”
      shall mean the Common Stock of the Company, with a par value of $.0001 per
      Share.

     

    “Stock
      Option Agreement” shall mean the agreement between the Company and an Optionee
      that contains the terms, conditions and restrictions pertaining to the
      Optionee’s Option.

     

    “Subsidiary”
      shall mean any corporation (other than the Company) in an unbroken chain of
      corporations beginning with the Company, if each of the corporations other
      than
      the last corporation in the unbroken chain owns stock possessing 50% or more
      of
      the total combined voting power of all classes of stock in one of the other
      corpora-tions in such chain. A corporation that attains the status of a
      Subsidiary on a date after the adoption of the Plan shall be considered a
      Sub-sidiary commencing as of such date.Exhibit
      10.34

    

    Trulite,
      Inc. Amended and Restated Stock Option Plan

     

    Notice
      of Stock Option Grant

     

    You
      have
      been granted the following option to purchase shares of the Common Stock of
      Trulite, Inc. (the “Company”):

    

      
        	
                Name
                  of Optionee:

              	
                «John
                  Berger»

              
	
                Total
                  Number of Shares:

              	
                «20,000»

              
	
                Type
                  of Option:

              	
                «ISO»
                  Incentive Stock Option (ISO)

              
	
                Exercise
                  Price Per Share:

              	
                $«1.00»

              
	
                Date
                  of Grant:

              	
                «May
                  5, 2006»

              
	
                Date
                  Exercisable:

              	
                This
                  option may be exercised at any time after the Date of Grant for
                  all or any
                  part of the Shares subject to this option.

              
	
                Vesting
                  Commencement Date:

              	
                «May
                  5, 2006»

              
	
                Vesting
                  Schedule:

              	
                The
                  Right of Repurchase shall lapse with respect to 18.5% of the Shares
                  subject to this option when the Optionee completes 12 months of
                  continuous
                  Service after the Vesting Commencement Date; an additional 22.5%
                  of the
                  Shares subject to this option when the Optionee completes 24 months
                  of
                  continuous Service after the Vesting Commencement Date; an additional
                  26.5% of the Shares subject to this option when the Optionee completes
                  36
                  months of continuous Service after the Vesting Commencement Date;
                  and the
                  final 32.5% of the Shares subject to this option when the Optionee
                  completes 48 months of continuous Service after the Vesting Commencement
                  Date. 

              
	
                Expiration
                  Date:

              	
                «May
                  5, 2013».
                  This option expires earlier if the Optionee’s Service terminates earlier,
                  as provided in Section 6 of the Stock Option
                  Agreement.

              

      

    

     

    By
      your
      signature and the signature of the Company’s representative below, you and the
      Company agree that this option is granted under and governed by the terms and
      conditions of the Amended and Restated Stock Option Plan and the Stock Option
      Agreement, both of which are attached to and made a part of this
      document. 

     

    

      
        	
                OPTIONEE:

              	
                TRULITE,
                  INC.

              
	 	 
	 	

      

    

     

    

     

    By:
      ________________________

    Title:
      President and CEO

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    THE
      OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SHARES ISSUABLE UPON THE
      EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS
      AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN
      EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL,
      SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
      REQUIRED.

     

    

      TRULITE,
        INC. AMENDED AND RESTATED STOCK OPTION PLAN:

    

    
      STOCK
        OPTION AGREEMENT

    

    

    SECTION
      1. GRANT OF OPTION.

    

    (a)
      Option.
      On the
      terms and conditions set forth in the Notice of Stock Option Grant and this
      Agreement, the Company grants to the Optionee on the Date of Grant the option
      to
      purchase at the Exercise Price the number of Shares set forth in the Notice
      of
      Stock Option Grant. The Exercise Price is agreed to be at least 100% of the
      Fair
      Market Value per Share on the Date of Grant (110% of Fair Market Value if this
      option is designated as an ISO in the Notice of Stock Option Grant and
      Section 3(b) of the Plan applies). This option is intended to be an ISO or
      an NSO, as provided in the Notice of Stock Option Grant.

    

    (b)
      $100,000
      Limitation.
      Even if
      this option is designated as an ISO in the Notice of Stock Option Grant, it
      shall be deemed to be an NSO to the extent (and only to the extent) required
      by
      the $100,000 annual limitation under Section 422(d) of the
      Code.

    

    (c)
      Stock
      Plan and Defined Terms.
      This
      option is granted pursuant to the Plan, a copy of which the Optionee
      acknowledges having received. The provisions of the Plan are incorporated into
      this Agreement by this reference. Capitalized terms are defined in
      Section 14 of this Agreement.

    

    SECTION
      2. RIGHT TO EXERCISE.

    

    (a)
      Exercisability.
      Subject
      to Subsection (b) below and the other conditions set forth in this
      Agreement, all or part of this option may be exercised prior to its expiration
      at the time or times set forth in the Notice of Stock Option Grant. Shares
      purchased by exercising this option may be subject to the Right of Repurchase
      under Section 7.

    

    (b)
      Stockholder
      Approval.
      Any
      other provision of this Agreement notwithstanding, no portion of this option
      shall be exercisable at any time prior to the approval of the Plan by the
      Company’s stockholders.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    SECTION
      3.
      NO TRANSFER OR ASSIGNMENT OF OPTION. 

    

    Except
      as
      otherwise provided in this Agreement, this option and the rights and privileges
      conferred hereby shall not be sold, pledged or otherwise transferred (whether
      by
      operation of law or otherwise) and shall not be subject to sale under execution,
      attachment, levy or similar process.

    

    SECTION
      4. EXERCISE PROCEDURES.

    

    (a)
      Notice
      of Exercise.
      The
      Optionee or the Optionee’s representative may exercise this option by giving
      written notice to the Company pursuant to Section 13(c). The notice shall
      specify the election to exercise this option, the number of Shares for which
      it
      is being exercised and the form of payment. The person exercising this option
      shall sign the notice. In the event that this option is being exercised by
      the
      representative of the Optionee, the notice shall be accompanied by proof
      (satisfactory to the Company) of the representative’s right to exercise this
      option. The Optionee or the Optionee’s representative shall deliver to the
      Company, at the time of giving the notice, payment in a form permissible under
      Section 5 for the full amount of the Purchase Price.

    

    (b)
      Issuance
      of Shares.
      After
      receiving a proper notice of exercise, the Company shall cause to be issued
      one
      or more certificates evidencing the Shares for which this option has been
      exercised. Such Shares shall be registered (i) in the name of the person
      exercising this option, (ii) in the names of such person and his or her
      spouse as community property or as joint tenants with the right of survivorship
      or (iii) with the Company’s consent, in the name of a revocable trust. In
      the case of Restricted Shares, the Company shall cause such certificates to
      be
      deposited in escrow under Section 7(c). In the case of other Shares, the
      Company shall cause such certificates to be delivered to or upon the order
      of
      the person exercising this option.

    

    (c)
      Withholding
      Taxes.
      In the
      event that the Company determines that it is required to withhold any tax as
      a
      result of the exercise of this option, the Optionee, as a condition to the
      exercise of this option, shall make arrangements satisfactory to the Company
      to
      enable it to satisfy all withholding requirements. The Optionee shall also
      make
      arrangements satisfactory to the Company to enable it to satisfy any withholding
      requirements that may arise in connection with the vesting or disposition of
      Shares purchased by exercising this option.

    

    SECTION
      5. PAYMENT FOR STOCK. 

    

    (a)
      Cash.
      All or
      part of the Purchase Price may be paid in cash or cash equivalents.

    Surrender
      of Stock. All or any part of the Purchase Price may be paid by surrendering,
      or
      attesting to the ownership of, Shares that are already owned by the Optionee.
      Such Shares shall be surrendered to the Company in good form for transfer and
      shall be valued at their Fair Market Value on the date when this option is
      exercised. The Optionee shall not surrender, or attest to the ownership of,
      Shares in payment of the Purchase Price if such action would cause the Company
      to recognize compensation expense (or additional compensation expense) with
      respect to this option for financial reporting purposes.

    

    (b)
      Exercise/Sale.
      If
      Stock is publicly traded, all or part of the Purchase Price and any withholding
      taxes may be paid by the delivery (on a form prescribed by the Company) of
      an
      irrevocable direction to a securities broker approved by the Company to sell
      Shares and to deliver all or part of the sales proceeds to the
      Company.

    Exercise/Pledge.
      If Stock is publicly traded, all or part of the Purchase Price and any
      withholding taxes may be paid by the delivery (on a form prescribed by the
      Company) of an irrevocable direction to pledge Shares to a securities broker
      or
      lender approved by the Company, as security for a loan, and to deliver all
      or
      part of the loan proceeds to the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    SECTION
      6. TERM AND EXPIRATION. 

    

    (a)
      Basic
      Term.
      This
      option shall in any event expire on the expiration date set forth in the Notice
      of Stock Option Grant, which date is 10 years after the Date of Grant (five
      years after the Date of Grant if this option is designated as an ISO in the
      Notice of Stock Option Grant and Section 3(b) of the Plan
      applies).

    

    (b)
      Termination
      of Service (Except by Death).
      If the
      Optionee’s Service terminates for any reason other than death, then this option
      shall expire on the earliest of the following occasions:

    

    
      	i.  	
              The
                expiration date determined pursuant to Subsection (a)
                above;

            

    

    
      	ii.  	
              The
                date three months after the termination of the Optionee’s Service for any
                reason other than Disability; or

            

    

    
      	iii.  	
              The
                date 12 months after the termination of the Optionee’s Service by reason
                of Disability.

            

    

    

    The
      Optionee may exercise all or part of this option at any time before its
      expiration under the preceding sentence, but only to the extent that this option
      had become exercisable for vested Shares before the Optionee’s Service
      terminated. When the Optionee’s Service terminates, this option shall expire
      immediately with respect to the number of Shares for which this option is not
      yet exercisable and with respect to any Restricted Shares. In the event that
      the
      Optionee dies after termination of Service but before the expiration of this
      option, all or part of this option may be exercised (prior to expiration) by
      the
      executors or administrators of the Optionee’s estate or by any person who has
      acquired this option directly from the Optionee by beneficiary designation,
      bequest or inheritance, but only to the extent that this option had become
      exercisable for vested Shares before the Optionee’s Service
      terminated.

    

    (c)
      Death
      of the Optionee.
      If the
      Optionee dies while in Service, then this option shall expire on the earlier
      of
      the following dates:

    
      	i.  	
              The
                expiration date determined pursuant to Subsection (a) above;
                or

            

    

    
      	ii.  	
              The
                date 12 months after the Optionee’s
                death.

            

    

    

    All
      or
      part of this option may be exercised at any time before its expiration under
      the
      preceding sentence by the executors or administrators of the Optionee’s estate
      or by any person who has acquired this option directly from the Optionee by
      beneficiary designation, bequest or inheritance, but only to the extent that
      this option had become exercisable for vested Shares before the Optionee’s
      death. When the Optionee dies, this option shall expire immediately with respect
      to the number of Shares for which this option is not yet exercisable and with
      respect to any Restricted Shares.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d)
      Leaves
      of Absence.
      For any
      purpose under this Agreement, Service shall be deemed to continue while the
      Optionee is on a bona fide leave of absence, if such leave was approved by
      the
      Company in writing and if continued crediting of Service for such purpose is
      expressly required by the terms of such leave or by applicable law (as
      determined by the Company).

    

    (e)
      Notice
      Concerning ISO Treatment.
      Even if
      this option is designated as an ISO in the Notice of Stock Option Grant, it
      ceases to qualify for favorable tax treatment as an ISO to the extent that
      it is
      exercised:

    

    
      	i.  	
              More
                than three months after the date when the Optionee ceases to be an
                Employee for any reason other than death or
                Disability;

            

    

    
      	ii.  	
              More
                than 12 months after the date when the Optionee ceases to be an Employee
                by reason of Disability; or

            

    

    
      	iii.  	
              More
                than three months after the date when the Optionee has been on a
                leave of
                absence for 90 days, unless the Optionee’s reemployment rights following
                such leave were guaranteed by statute or by
                contract.

            

    

     

    SECTION
      7. RIGHT OF REPURCHASE. 

    

    (a)
      Scope
      of Repurchase Right.
      Until
      they vest in accordance with the Notice of Stock Option Grant and
      Subsection (b) below, the Shares acquired under this Agreement shall be
      Restricted Shares and shall be subject to the Company’s Right of Repurchase. The
      Company, however, may decline to exercise its Right of Repurchase or may
      exercise its Right of Repurchase only with respect to a portion of the
      Restricted Shares. The Company may exercise its Right of Repurchase only during
      the Repurchase Period following the termination of the Optionee’s Service. The
      Right of Repurchase may be exercised automatically under Subsection (d)
      below. If the Right of Repurchase is exercised, the Company shall pay the
      Optionee an amount equal to the Exercise Price for each of the Restricted Shares
      being repurchased.

    

    (b)
      Lapse
      of Repurchase Right.
      The
      Right of Repurchase shall lapse with respect to the Restricted Shares in
      accordance with the vesting schedule set forth in the Notice of Stock Option
      Grant.

    

    (c)
      Escrow.
      Upon
      issuance, the certificate(s) for Restricted Shares shall be deposited in escrow
      with the Company to be held in accordance with the provisions of this Agreement.
      Any additional or exchanged securities or other property described in
      Subsection (f) below shall immediately be delivered to the Company to be
      held in escrow. All ordinary cash dividends on Restricted Shares (or on other
      securities held in escrow) shall be paid directly to the Optionee and shall
      not
      be held in escrow. Restricted Shares, together with any other assets held in
      escrow under this Agreement, shall be (i) surrendered to the Company for
      repurchase upon exercise of the Right of Repurchase or the Right of First
      Refusal or (ii) released to the Optionee upon his or her request to the
      extent that the Shares have ceased to be Restricted Shares (but not more
      frequently than once every six months). In any event, all Shares that have
      ceased to be Restricted Shares, together with any other vested assets held
      in
      escrow under this Agreement, shall be released within 90 days after the
      earlier of (i) the termination of the Optionee’s Service or (ii) the
      lapse of the Right of First Refusal.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (d)
      Exercise
      of Repurchase Right.
      The
      Company shall be deemed to have exercised its Right of Repurchase automatically
      for all Restricted Shares as of the commencement of the Repurchase Period,
      unless the Company during the Repurchase Period notifies the holder of the
      Restricted Shares pursuant to Section 13(c) that it will not exercise its
      Right of Repurchase for some or all of the Restricted Shares. During the
      Repurchase Period, the Company shall pay to the holder of the Restricted Shares
      the purchase price determined under Subsection (a) above for the Restricted
      Shares being repurchased. Payment shall be made in cash or cash equivalents
      and/or by canceling indebtedness to the Company incurred by the Optionee in
      the
      purchase of the Restricted Shares. The certificate(s) representing the
      Restricted Shares being repurchased shall be delivered to the Company properly
      endorsed for transfer.

    

    (e)
      Termination
      of Rights as Stockholder.
      If the
      Right of Repurchase is exercised in accordance with this Section 7 and the
      Company makes available the consideration for the Restricted Shares being
      repurchased, then the person from whom the Restricted Shares are repurchased
      shall no longer have any rights as a holder of the Restricted Shares (other
      than
      the right to receive payment of such consideration). Such Restricted Shares
      shall be deemed to have been repurchased pursuant to this Section 7,
      whether or not the certificate(s) for such Restricted Shares have been delivered
      to the Company or the consideration for such Restricted Shares has been
      accepted.

    

    (f)
      Additional
      or Exchanged Securities and Property.
      In the
      event of a merger or consolidation of the Company with or into another entity,
      any other corporate reorganization, a stock split, the declaration of a stock
      dividend, the declaration of an extraordinary dividend payable in a form other
      than stock, a spin-off, an adjustment in conversion ratio, a recapitalization
      or
      a similar transaction affecting the Company’s outstanding securities, any
      securities or other property (including cash or cash equivalents) that are
      by
      reason of such transaction exchanged for, or distributed with respect to, any
      Restricted Shares shall immediately be subject to the Right of Repurchase.
      Appropriate adjustments to reflect the exchange or distribution of such
      securities or property shall be made to the number and/or class of the
      Restricted Shares. Appropriate adjustments shall also be made to the price
      per
      share to be paid upon the exercise of the Right of Repurchase, provided that
      the
      aggregate purchase price payable for the Restricted Shares shall remain the
      same. In the event of a merger or consolidation of the Company with or into
      another entity or any other corporate reorganization, the Right of Repurchase
      may be exercised by the Company’s successor.

    

    (g)
      Transfer
      of Restricted Shares.
      The
      Optionee shall not transfer, assign, encumber or otherwise dispose of any
      Restricted Shares without the Company’s written consent, except as provided in
      the following sentence. The Optionee may transfer Restricted Shares to one
      or
      more members of the Optionee’s Immediate Family or to a trust established by the
      Optionee for the benefit of the Optionee and/or one or more members of the
      Optionee’s Immediate Family, provided in either case that the Transferee agrees
      in writing on a form prescribed by the Company to be bound by all provisions
      of
      this Agreement. If the Optionee transfers any Restricted Shares, then this
      Agreement shall apply to the Transferee to the same extent as to the
      Optionee.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (h)
      Assignment
      of Repurchase Right.
      The
      Board of Directors may freely assign the Company’s Right of Repurchase, in whole
      or in part. Any person who accepts an assignment of the Right of Repurchase
      from
      the Company shall assume all of the Company’s rights and obligations under this
      Section 7.

    

    SECTION
      8. RIGHT OF FIRST REFUSAL. 

    

    (a)
      Right
      of First Refusal.
      In the
      event that the Optionee proposes to sell, pledge or otherwise transfer to a
      third party any Shares acquired under this Agreement, or any interest in such
      Shares, the Company shall have the Right of First Refusal with respect to all
      (and not less than all) of such Shares. If the Optionee desires to transfer
      Shares acquired under this Agreement, the Optionee shall give a written Transfer
      Notice to the Company describing fully the proposed transfer, including the
      number of Shares proposed to be transferred, the proposed transfer price, the
      name and address of the proposed Transferee and proof satisfactory to the
      Company that the proposed sale or transfer will not violate any applicable
      federal or state securities laws. The Transfer Notice shall be signed both
      by
      the Optionee and by the proposed Transferee and must constitute a binding
      commitment of both parties to the transfer of the Shares. The Company shall
      have
      the right to purchase all, and not less than all, of the Shares on the terms
      of
      the proposal described in the Transfer Notice (subject, however, to any change
      in such terms permitted under Subsection (b) below) by delivery of a notice
      of exercise of the Right of First Refusal within 30 days after the date when
      the
      Transfer Notice was received by the Company.

    

    (b)
      Transfer
      of Shares.
      If the
      Company fails to exercise its Right of First Refusal within 30 days after
      the date when it received the Transfer Notice, the Optionee may, not later
      than
      90 days following receipt of the Transfer Notice by the Company, conclude a
      transfer of the Shares subject to the Transfer Notice on the terms and
      conditions described in the Transfer Notice, provided that any such sale is
      made
      in compliance with applicable federal and state securities laws and not in
      violation of any other contractual restrictions to which the Optionee is bound.
      Any proposed transfer on terms and conditions different from those described
      in
      the Transfer Notice, as well as any subsequent proposed transfer by the
      Optionee, shall again be subject to the Right of First Refusal and shall require
      compliance with the procedure described in Subsection (a) above. If the
      Company exercises its Right of First Refusal, the parties shall consummate
      the
      sale of the Shares on the terms set forth in the Transfer Notice within
      60 days after the date when the Company received the Transfer Notice (or
      within such longer period as may have been specified in the Transfer Notice);
      provided, however, that in the event the Transfer Notice provided that payment
      for the Shares was to be made in a form other than cash or cash equivalents
      paid
      at the time of transfer, the Company shall have the option of paying for the
      Shares with cash or cash equivalents equal to the present value of the
      consideration described in the Transfer Notice.

    

    (c)
      Additional
      or Exchanged Securities and Property.
      In the
      event of a merger or consolidation of the Company with or into another entity,
      any other corporate reorganization, a stock split, the declaration of a stock
      dividend, the declaration of an extraordinary dividend payable in a form other
      than stock, a spin-off, an adjustment in conversion ratio, a recapitalization
      or
      a similar transaction affecting the Company’s outstanding securities, any
      securities or other property (including cash or cash equivalents) that are
      by
      reason of such transaction exchanged for, or distributed with respect to, any
      Shares subject to this Section 8 shall immediately be subject to the Right
      of First Refusal. Appropriate adjustments to reflect the exchange or
      distribution of such securities or property shall be made to the number and/or
      class of the Shares subject to this Section 8.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (d)
      Termination
      of Right of First Refusal.
      Any
      other provision of this Section 8 notwithstanding, in the event that the
      Stock is readily tradable on an established securities market when the Optionee
      desires to transfer Shares, the Company shall have no Right of First Refusal,
      and the Optionee shall have no obligation to comply with the procedures
      prescribed by Subsections (a) and (b) above.

    

    (e)
      Permitted
      Transfers.
      This
      Section 8 shall not apply to (i) a transfer by beneficiary
      designation, will or intestate succession or (ii) a transfer to one or more
      members of the Optionee’s Immediate Family or to a trust established by the
      Optionee for the benefit of the Optionee and/or one or more members of the
      Optionee’s Immediate Family, provided in either case that the Transferee agrees
      in writing on a form prescribed by the Company to be bound by all provisions
      of
      this Agreement. If the Optionee transfers any Shares acquired under this
      Agreement, either under this Subsection (e) or after the Company has failed
      to exercise the Right of First Refusal, then this Agreement shall apply to
      the
      Transferee to the same extent as to the Optionee.

    

    (f)
      Termination
      of Rights as Stockholder.
      If the
      Company makes available, at the time and place and in the amount and form
      provided in this Agreement, the consideration for the Shares to be purchased
      in
      accordance with this Section 8, then after such time the person from whom
      such Shares are to be purchased shall no longer have any rights as a holder
      of
      such Shares (other than the right to receive payment of such consideration
      in
      accordance with this Agreement). Such Shares shall be deemed to have been
      purchased in accordance with the applicable provisions hereof, whether or not
      the certificate(s) therefor have been delivered as required by this
      Agreement.

    

    (g)
      Assignment
      of Right of First Refusal.
      The
      Board of Directors may freely assign the Company’s Right of First Refusal, in
      whole or in part. Any person who accepts an assignment of the Right of First
      Refusal from the Company shall assume all of the Company’s rights and
      obligations under this Section 8.

    

    SECTION
      9. LEGALITY OF INITIAL ISSUANCE. 

    

    No
      Shares
      shall be issued upon the exercise of this option unless and until the Company
      has determined that:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	i.  	
              It
                and the Optionee have taken any actions required to register the
                Shares
                under the Securities Act or to perfect an exemption from the registration
                requirements thereof;

            

    

    
      	ii.  	
              Any
                applicable listing requirement of any stock exchange or other securities
                market on which Stock is listed has been satisfied;
                and

            

    

    
      	iii.  	
              Any
                other applicable provision of federal, state or foreign law has been
                satisfied.

            

    

    

    SECTION
      10. NO REGISTRATION RIGHTS. 

    

    The
      Company may, but shall not be obligated to, register or qualify the sale of
      Shares under the Securities Act or any other applicable law. The Company shall
      not be obligated to take any affirmative action in order to cause the sale
      of
      Shares under this Agreement to comply with any law.

    

    SECTION
      11. RESTRICTIONS ON TRANSFER.

    

    (a)
      Securities
      Law Restrictions.
      Regardless of whether the offering and sale of Shares under the Plan have been
      registered under the Securities Act or have been registered or qualified under
      the securities laws of any state, the Company at its discretion may impose
      restrictions upon the sale, pledge or other transfer of such Shares (including
      the placement of appropriate legends on stock certificates or the imposition
      of
      stop-transfer instructions) if, in the judgment of the Company, such
      restrictions are necessary or desirable in order to achieve compliance with
      the
      Securities Act, the securities laws of any state or any other law.

    

    (b)
      Market
      Stand-Off.
      The
      Optionee and each Transferee hereby agrees that it will not, without the prior
      written consent of the Company or the managing underwriter, if any, during
      the
      period commencing on the date of the final prospectus relating to a public
      offering of the Company’s equity securities and ending on the date specified by
      the Company or the managing underwriter, if any (such period not to exceed
      three
      hundred sixty-five (365) days), (i) lend, offer, pledge, sell, contract to
      sell, sell any option or contract to purchase, purchase any option or contract
      to sell, grant any option, right or warrant to purchase, or otherwise transfer
      or dispose of, directly or indirectly, any Shares or any securities convertible
      into or exercisable or exchangeable for Shares (whether such shares or any
      such
      securities are then owned by the Optionee or Transferee or are thereafter
      acquired), or (ii) enter into any swap or other arrangement that transfers
      to another, in whole or in part, any of the economic consequences of ownership
      of the Shares, whether any such transaction described in clause (i) or (ii)
      above is to be settled by delivery of Shares or other securities, in cash or
      otherwise. The underwriters, if any, in connection with any such offering of
      the
      Company’s equity securities are intended third-party beneficiaries of this
      Section 11(b) and shall have the right, power and authority to enforce the
      provisions hereof as though they were a party hereto. The Optionee and each
      Transferee further agrees to execute such agreements as may be reasonably
      requested by the Company or such underwriters, if any, that are consistent
      with
      this Section 11(b) or that are necessary to give further effect
      thereto.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (c)
      Investment
      Intent at Grant.
      The
      Optionee represents and agrees that the Shares to be acquired upon exercising
      this option will be acquired for investment, and not with a view to the sale
      or
      distribution thereof.

    

    (d)
      Investment
      Intent at Exercise.
      In the
      event that the sale of Shares under the Plan is not registered under the
      Securities Act but an exemption is available which requires an investment
      representation or other representation, the Optionee shall represent and agree
      at the time of exercise that the Shares being acquired upon exercising this
      option are being acquired for investment, and not with a view to the sale or
      distribution thereof, and shall make such other representations as are deemed
      necessary or appropriate by the Company and its counsel.

    

    (e)
      Legends.
      All
      certificates evidencing Shares purchased under this Agreement shall bear the
      following legend:

    

    “THE
      SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED
      OR
      IN ANY MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE TERMS OF A WRITTEN
      AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE
      PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY
      CERTAIN RIGHTS OF FIRST REFUSAL UPON AN ATTEMPTED TRANSFER OF THE SHARES AND
      CERTAIN REPURCHASE RIGHTS UPON TERMINATION OF SERVICE WITH THE COMPANY. THE
      SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH
      AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.”

    

    All
      certificates evidencing Shares purchased under this Agreement in an unregistered
      transaction shall bear the following legend (and such other restrictive legends
      as are required or deemed advisable under the provisions of any applicable
      law):

    

    “THE
      SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
      OF
      1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT
      AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL,
      SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
      REQUIRED.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (f)
      Removal
      of Legends.
      If, in
      the opinion of the Company and its counsel, any legend placed on a stock
      certificate representing Shares sold under this Agreement is no longer required,
      the holder of such certificate shall be entitled to exchange such certificate
      for a certificate representing the same number of Shares but without such
      legend.

    

    (g)
      Administration.
      Any
      determination by the Company and its counsel in connection with any of the
      matters set forth in this Section 11 shall be conclusive and binding on the
      Optionee and all other persons.

    

    SECTION
      12.
      ADJUSTMENT OF SHARES.

    

    In
      the
      event of any transaction described in Section 8(a) of the Plan, the terms
      of this option (including, without limitation, the number and kind of Shares
      subject to this option and the Exercise Price) shall be adjusted as set forth
      in
      Section 8(a) of the Plan. In the event that the Company is a party to a
      merger or consolidation, this option shall be subject to the agreement of merger
      or consolidation, as provided in Section 8(b) of the Plan.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SECTION
      13.
      MISCELLANEOUS PROVISIONS.

    

    (a)
      Rights
      as a Stockholder.
      Neither
      the Optionee nor the Optionee’s representative shall have any rights as a
      stockholder with respect to any Shares subject to this option until the Optionee
      or the Optionee’s representative becomes entitled to receive such Shares by
      filing a notice of exercise and paying the Purchase Price pursuant to
      Sections 4 and 5.

    

    (b)
      No
      Retention Rights.
      Nothing
      in this option or in the Plan shall confer upon the Optionee any right to
      continue in Service for any period of specific duration or interfere with or
      otherwise restrict in any way the rights of the Company (or any Parent or
      Subsidiary employing or retaining the Optionee) or of the Optionee, which rights
      are hereby expressly reserved by each, to terminate his or her Service at any
      time and for any reason, with or without cause.

    

    (c)
      Notice.
      Any
      notice required by the terms of this Agreement shall be given in writing. It
      shall be deemed effective upon (i) personal delivery, (ii) deposit
      with the United States Postal Service, by registered or certified mail, with
      postage and fees prepaid or (iii) deposit with Federal Express Corporation,
      with shipping charges prepaid. Notice shall be addressed to the Company at
      its
      principal executive office and to the Optionee at the address that he or she
      most recently provided to the Company in accordance with this
      Subsection (c).

    

    (d)
      Entire
      Agreement.
      The
      Notice of Stock Option Grant, this Agreement and the Plan constitute the entire
      contract between the parties hereto with regard to the subject matter hereof.
      They supersede any other agreements, representations or understandings (whether
      oral or written and whether express or implied) which relate to the subject
      matter hereof.

    Choice
      of
      Law. This Agreement shall be governed by, and construed in accordance with,
      the
      laws of the State of Delaware, as such laws are applied to contracts entered
      into and performed in such State.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SECTION
      14. DEFINITIONS. 

    

    
      	a.  	
              “Agreement”
                shall mean this Stock Option
                Agreement.

            

    

    
      	b.  	
              “Board
                of Directors” shall mean the Board of Directors of the Company, as
                constituted from time to time or, if a Committee has been appointed,
                such
                Committee.

            

    

    
      	c.  	
              “Code”
                shall mean the Internal Revenue Code of 1986, as
                amended.

            

    

    
      	d.  	
              “Committee”
                shall mean a committee of the Board of Directors, as described in
                Section 2 of the Plan.

            

    

    
      	e.  	
              “Company”
                shall mean Trulite, Inc., a Delaware
                corporation.

            

    

    
      	f.  	
              “Consultant”
                shall mean a person who performs bona fide services for the Company,
                a
                Parent or a Subsidiary as a consultant or advisor, excluding Employees
                and
                Outside Directors.

            

    

    
      	g.  	
              “Date
                of Grant” shall mean the date specified in the Notice of Stock Option
                Grant, which date shall be the later of (i) the date on which the
                Board of Directors resolved to grant this option or (ii) the first
                day of the Optionee’s Service.

            

    

    
      	h.  	
              “Disability”
                shall mean that the Optionee is unable to engage in any substantial
                gainful activity by reason of any medically determinable physical
                or
                mental impairment which can be expected to result in death or which
                has
                lasted, or can be expected to last, for a continuous period of not
                less
                than 12 months.

            

    

    
      	i.  	
              “Employee”
                shall mean any individual who is a common-law employee of the Company,
                a
                Parent or a Subsidiary.

            

    

    
      	j.  	
              “Exercise
                Price” shall mean the amount for which one Share may be purchased upon
                exercise of this option, as specified in the Notice of Stock Option
                Grant.

            

    

    
      	k.  	
              “Fair
                Market Value” shall mean the fair market value of a Share, as determined
                by the Board of Directors in good faith. Such determination shall
                be
                conclusive and binding on all
                persons.

            

    

    
      	l.  	
              “Immediate
                Family” shall mean any child, stepchild, grandchild, parent, stepparent,
                grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law,
                daughter-in-law, brother-in-law or sister-in-law and shall include
                adoptive relationships.

            

    

    
      	m.  	
              “ISO”
                shall mean an employee incentive stock option described in
                Section 422(b) of the Code.

            

    

    
      	n.  	
              “Notice
                of Stock Option Grant” shall mean the document so entitled to which this
                Agreement is attached.

            

    

    
      	o.  	
              “NSO”
                shall mean a stock option not described in Sections 422(b) or 423(b)
                of the Code.

            

    

    
      	p.  	
              “Optionee”
                shall mean the person named in the Notice of Stock Option
                Grant.

            

    

    
      	q.  	
              “Outside
                Director” shall mean a member of the Board of Directors who is not an
                Employee.

            

    

    
      	r.  	
              “Parent”
                shall mean any corporation (other than the Company) in an unbroken
                chain
                of corporations ending with the Company, if each of the corporations
                other
                than the Company owns stock possessing 50% or more of the total combined
                voting power of all classes of stock in one of the other corporations
                in
                such chain.

            

    

    
      	s.  	
              “Plan”
                shall mean the Trulite, Inc. 200_ Stock Plan, as in effect on the
                Date of
                Grant.

            

    

    
      	t.  	
              “Purchase
                Price” shall mean the Exercise Price multiplied by the number of Shares
                with respect to which this option is being
                exercised.

            

    

    
      	u.  	
              “Repurchase
                Period” shall mean a period of 90 consecutive days commencing on the date
                when the Optionee’s Service terminates for any reason, including (without
                limitation) death or disability.

            

    

    
      	v.  	
              “Restricted
                Share” shall mean a Share that is subject to the Right of
                Repurchase.

            

    

    
      	w.  	
              “Right
                of First Refusal” shall mean the Company’s right of first refusal
                described in Section 8.

            

    

    
      	x.  	
              “Right
                of Repurchase” shall mean the Company’s right of repurchase described in
                Section 7.

            

    

    
      	y.  	
              “Securities
                Act” shall mean the Securities Act of 1933, as
                amended.

            

    

    
      	z.  	
              “Service”
                shall mean service as an Employee, Outside Director or
                Consultant.

            

    

    
      	aa.  	
              “Share”
                shall mean one share of Stock, as adjusted in accordance with
                Section 8 of the Plan (if
                applicable).

            

    

    
      	bb.  	
              “Stock”
                shall mean the Common Stock of the Company, with a par value of $____
                per
                Share.

            

    

    
      	cc.  	
              “Subsidiary”
                shall mean any corporation (other than the Company) in an unbroken
                chain
                of corporations beginning with the Company, if each of the corporations
                other than the last corporation in the unbroken chain owns stock
                possessing 50% or more of the total combined voting power of all
                classes
                of stock in one of the other corporations in such
                chain.

            

    

    
      	dd.  	
              “Transferee”
                shall mean any person to whom the Optionee has directly or indirectly
                transferred any Share acquired under this
                Agreement.

            

    

    
      	ee.  	
              “Transfer
                Notice” shall mean the notice of a proposed transfer of Shares described
                in Section 8.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]