Document:

PIGGYBACK
      REGISTRATION RIGHTS AGREEMENT

    

    AGREEMENT
      by
      and
      between Nucon-RF, Inc., a Nevada corporation, having an office at c/o Todd
      Sinclair, 1574 Gulf Rd., #242, Point Roberts, WA 98281 (the “Company”) and the
      individuals and/or entities signatory hereto (each a “Holder” and collectively,
      the “Holders”). 

    

    WHEREAS,
      Holder
      is the owner of (i) a two (2) year, 8% Convertible Note of the Company (the
      “Note”) which is convertible into shares of common stock of the Company in
      accordance with the terms of the Note and a Note Purchase Agreement (the
“Purchase Agreement”) of even date herewith (the “Shares”); and (ii) a warrant
      to purchase shares of common stock of the Company at $1.50 per share issued
      pursuant to the terms of the Purchase Agreement (the “Warrant Shares”);
      and

    

    WHEREAS,
      the
      Company, pursuant to the terms of the Purchase Agreement has granted Holder
      piggy-back registration rights for the Shares and Warrant Shares.

    

    NOW,
      THEREFORE,
      the
      parties agree as follows:

    

    
      	
            	1.	
              Registration:

            

    

     

    (a) Registration.
      If at
      any time or from time to time the Company shall determine to register under
      the
      Securities Act of 1933, as amended (the “Securities Act”) any of its securities,
      other than on Form S-4 or Form S-8 or their then equivalents, the Company
      will:

    

    
      	 	 	 	(i)	promptly give to Holder written notice thereof;
              and

      	 	 	 	 	 

      	 	 	 	
              (ii)

            	
              subject
                to Section 1(b) below, include in such registration (and any related
                qualification under blue sky laws or other compliance) and in any
                underwriting involved therein, all the Shares and Warrant Shares
                (collectively, the “Registrable Securities.”). The term Registrable
                Securities
                shall also mean (i) any common shares or other securities of the
                Company
                issued or issuable with respect to, or in exchange for or in replacement
                of the Shares or Warrant Shares and such additional or lesser amount
                of
                shares upon any stock split, stock dividend, recapitalization, or
                similar
                event; provided, however, that common shares of the Company or other
                securities shall only be treated as Registrable Securities for the
                purposes of this Section 1 to the extent that they have not been,
                and may
                not be, sold pursuant to Rule 144 under the Securities
                Act.

            

    

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    (b) Underwriting.
      If the
      registration is for a registered public offering involving an underwriting,
      the
      Company shall so advise Holder as a part of the written notice given pursuant
      to
      Section 1(a) hereof. In such event, the right of Holder to registration pursuant
      to this Agreement shall not be conditioned upon Holder’s participation in such
      underwriting and the inclusion of Registrable Securities in the underwriting.
      If
      Holder proposes to distribute Registrable Securities through such underwriting,
      Holder shall (together with the Company) enter into an underwriting agreement
      in
      customary form with the managing underwriter selected for such underwriting
      by
      the Company. Notwithstanding any other provision of this Agreement, if the
      managing underwriter determines that marketing factors require a limitation
      of
      the number of shares to be underwritten, the managing underwriter may totally
      eliminate or partially limit the Registrable Securities and other securities
      to
      be distributed through such underwriting, for the account of Holder; provided,
      that in such event, the registration statement shall not be deemed a
      registration for purposes of Section 1(d) hereof.  

    

    (c) Right
      to Terminate Registration.
      The
      Company shall have the right to terminate or withdraw any registration initiated
      by it under this Agreement prior to the effectiveness of such registration.
      Any
      registration terminated or withdrawn prior to the effectiveness of such
      registration shall not be deemed a Registration for purposes of Section 1(d)
      hereof. The Registration Expenses of such withdrawn registration shall be borne
      by the Company in accordance with Section 2 hereof. 

    

    (d) Number
      of Registrations.
      The
      Company is obligated to effect only one registration pursuant to this Agreement.
      

    
      

      
        	
              	2.	
                Expenses
                  of Registration

              

      

    

    

    All
      Registration Expenses incurred in connection with registration pursuant to
      Section 1 shall be borne by the Company. "Registration
      Expenses"
      shall
      mean all expenses, except underwriters or placement agent’s fees or discounts
      and except as otherwise stated below, incurred by the Company in complying
      with
      this Agreement, including, all registration, qualification and filing fees,
      printing expenses, escrow fees, fees and disbursements of counsel for the
      Company, blue sky fees and expenses, fees to issue the Shares, and the expense
      of any special audits incident to or required by any such
      registration.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    
      
        

        
          	
                	3.	
                  Registration
                    Procedures

                

        

      

    

    

    In
      the
      case of a registration effected by the Company pursuant to this Agreement,
      the
      Company will keep Holder advised in writing as to the initiation of the
      registration and as to the completion thereof. At its expense, the Company
      will:

    

    (a) Prepare
      and file with the Securities and Exchange Commission (the “SEC”) a registration
      statement with respect to such securities and use its best efforts to cause
      such
      registration statement to become and remain effective for at least twelve (12)
      months or, if earlier, until the distribution described in the registration
      statement has been completed;

    

    (b) Prepare
      and file with the SEC during the period specified in Section 3(a) such
      amendments and supplements to such registration statement and the prospectus
      used in connection with such registration statement as may be necessary to
      comply with the provisions of the Securities Act with respect to the disposition
      of all securities covered by such registration statement; and

    

    (c) Furnish
      to Holder and to the underwriters of the securities being registered such
      reasonable number of copies of the registration statement, preliminary
      prospectus, final prospectus and such other documents as Holder and such
      underwriters may reasonably request in order to facilitate the public offering
      of such securities.

    
      
        

        
          	
                	4.	
                  Non-Transferable
                    Registration
                    Rights

                

        

      

    

    

    The
      rights to cause the Company to register securities granted Holder under this
      Agreement may not be assigned. 

    
      
        

        
          	
                	5.	
                  Indemnification
                    for
                    Registration

                

        

      

    

    

    (a) Holder
      will indemnify the Company, each of its directors and officers, each
      underwriter, if any, of the Company’s securities covered by such a registration
      statement, each person who controls the Company or such underwriter within
      the
      meaning of Section 15 of the Securities Act, against all claims, losses, damages
      and liabilities (or actions in respect thereof) arising out of or based on
      any
      untrue statement (or alleged untrue statement) of a material fact contained
      in
      any such registration statement, prospectus, offering circular or other
      document, or any omission (or alleged omission) to state therein a material
      fact
      required to be stated therein or necessary to make the statements therein not
      misleading, and will reimburse the Company and such directors, officers,
      underwriters or control persons for any legal or any other expenses reasonably
      incurred in connection with investigating or defending any such claim, loss,
      damage, liability or action, in each case to the extent, but only to the extent,
      that such untrue statement (or alleged untrue statement) or omission (or alleged
      omission) is made in such registration statement, prospectus, offering circular
      or other document in reliance upon and in conformity with written information
      furnished to the Company by Holder and stated to be specifically for use
      therein. Notwithstanding the foregoing, the liability of Holder under this
      subsection (a) shall be limited to the lesser of (i) the proportion that the
      public offering price of shares sold by Holder under such registration statement
      bears to the total public offering price of all securities sold thereunder,
      but
      not to exceed the net proceeds received by Holder for the sale of Registrable
      Securities covered by such registration statement and (ii) the amount of any
      damages which Holder would have otherwise been required to pay by reason of
      such
      untrue or alleged untrue statement or omission or alleged omission.
      Notwithstanding the foregoing, any party guilty of fraudulent misrepresentation
      (within the meaning of Section 11(f) of the Securities Act), shall not be
      entitled to contribution from any person who is not guilty of such fraudulent
      misrepresentation   

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (b) In
      connection with each registration statement relating to disposition of
      Registrable Securities, the Company shall indemnify and hold harmless each
      Holder and each underwriter of Registrable Securities and each person, as that
      term is defined in the Act, if any, who controls such Holder or underwriter
      (within the meaning of Section 15 of the Act or Section 20 of the Securities
      and
      Exchange Act of 1934, as amended (the “Exchange Act”) against any and all
      losses, claims, damages and liabilities, joint or several (including any
      reasonable investigation, legal and other expenses incurred in connection with,
      and any amount paid in settlement of any action, suit or proceeding or any
      claim
      asserted), to which they, or any of them, may become subject under the Act,
      the
      Exchange Act or other Federal or state law or regulation, at common law or
      otherwise, insofar as such losses, claims, damages or liabilities arise out
      of
      or are based upon any untrue statement or alleged untrue statement of a material
      fact contained in any registration statement, prospectus or preliminary
      prospectus or any amendment thereof or supplement thereto, or arise out of
      or
      are based upon any omission or alleged omission to state therein a material
      fact
      required to be stated therein or necessary to make the statements therein not
      misleading; provided, however, that such indemnity shall not inure to the
      benefit of any Holder or underwriter (or any person controlling such Holder
      or
      underwriter within the meaning of Section 15 of the Act or Section 20 of the
      Exchange Act) on account of any losses, claims, damages or liabilities arising
      from the sale of the Registrable Securities if such untrue statement or omission
      was made in such registration statement, prospectus or preliminary prospectus,
      or such amendment or supplement, in reliance upon and in conformity with
      information furnished in writing to the Company by such Holder or underwriter
      specifically for use therein. The Company shall also indemnify selling brokers,
      dealer managers and similar securities industry professionals participating
      in
      the distribution, their officers and directors and each person who controls
      such
      person (within the meaning of Section 15 of the Act or Section 20 of the
      Exchange Act) to the same extent as provided above with respect to the
      indemnification of the Holders of Registrable Securities, if requested. The
      indemnity provisions set forth herein shall be in addition to any liability
      which the Company may otherwise have.

    (c) Any
      party
      that proposes to assert the right to be indemnified hereunder will, promptly
      after receipt of notice of commencement of any action, suit or proceeding
      against such party in respect of which a claim is to be made against an
      indemnifying party or parties under this Section, notify each such indemnifying
      party of the commencement of such action, suit or proceeding, enclosing a copy
      of all papers served. No indemnification provided for in Section 5(a) or 5(b)
      shall be available to any party who shall fail to give notice as provided in
      this Section 5(c) if the party to whom notice was not given was unaware of
      the
      proceeding to which such notice would have related and was prejudiced by the
      failure to give such notice, but the omission so to notify such indemnifying
      party of any such action, suit or proceeding shall not relieve it from any
      liability that it may have to any indemnified party for contribution otherwise
      than under this Section. In case any such action, suit or proceeding shall
      be
      brought against any indemnified party and it shall notify the indemnifying
      party
      of the commencement thereof, the indemnifying party shall be entitled to
      participate in, and, to the extent that it shall wish, jointly with any other
      indemnifying party similarly notified, to assume the defense thereof, with
      counsel reasonably satisfactory to such indemnified party, and after notice
      from
      the indemnifying party to such indemnified party of its election so to assume
      the defense thereof and the approval by the indemnified party of such counsel,
      the indemnifying party shall not be liable to such indemnified party for any
      legal or other expenses, except as provided below. The indemnified party shall
      have the right to employ its counsel in any such action, but the fees and
      expenses of such counsel shall be at the expense of such indemnified party
      unless (i) the employment of counsel by such indemnified party has been
      authorized in writing by the indemnifying parties, (ii) it shall have been
      reasonably concluded that there may be a conflict of interest between the
      indemnifying parties and the indemnified party in the conduct of the defense
      of
      such action (in which case the indemnifying parties shall not have the right
      to
      direct the defense of such action on behalf of the indemnified party; it being
      understood, however, that the Company shall not be liable for the fees and
      expenses of more than one separate counsel representing the indemnified parties)
      or (iii) the indemnifying parties shall not have employed counsel to assume
      the
      defense of such action within a reasonable time after notice of the commencement
      thereof, in each of which cases the reasonable fees and expenses of counsel
      shall be at the expense of the indemnifying parties. An indemnified party shall
      not be liable for any settlement of any action, suit, proceeding or claim
      effected without its written consent.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (d) In
      connection with each registration statement relating to the disposition of
      Registrable Securities, if the indemnification provided for in subsection (a)
      hereof is unavailable to an indemnified party thereunder in respect to any
      losses, claims, damages or liabilities referred to therein, then the
      indemnifying party shall contribute to the amount paid or payable by such
      indemnified party as a result of the losses, claims, damages or liabilities
      referred to in subsections (a) or (b) of this Section 5 in such proportion
      as is
      appropriate to reflect the relative fault of the indemnifying party on the
      one
      hand and of the indemnified party on the other in connection with the statements
      or omissions that resulted in such losses, claims, damages or liabilities,
      or
      actions in respect thereof, as well as any other relevant equitable
      considerations. Relative fault shall be determined by reference to, among other
      things, whether the untrue or alleged untrue statement of a material fact or
      the
      omission or alleged omission to state a material fact relates to information
      supplied by the indemnifying party or the indemnified party and the parties'
      relative intent, knowledge, access to information and opportunity to correct
      or
      prevent such untrue statement or omission.

    

    (e) Notwithstanding
      the foregoing, to the extent that the provisions on indemnification and
      contribution contained in the underwriting agreement (if any) entered into
      in
      connection with an underwritten public offering of the Registrable Securities
      are in conflict with the foregoing provisions, the provisions in such
      underwriting agreement shall control.

    
      
        

        
          	
                	6.	
                  Information
                    by Holder 

                

        

      

    

    

    Holder
      shall furnish to the Company such information regarding Holder, the Registrable
      Securities held by him and the distribution proposed by Holder in connection
      with an underwriting (if any) as the Company may reasonably request in writing
      and as shall be required in connection with any registration, qualification
      or
      compliance in connection with a registration.

    
      
        

        
          	
                	7.	
                  Miscellaneous.

                

        

      

    

    

    (a)
       If
      one or
      more of the provisions contained herein shall for any reason be held to be
      invalid, illegal or unenforceable in any respect, such invalidity, illegality
      or
      unenforceability shall not affect any other provisions hereof, and this
      Agreement shall be construed as if such invalid, illegal or unenforceable
      provision had never been contained herein.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (b) Waiver
      of
      any default shall not constitute waiver of any other or subsequent
      default.

    

    (c) Except
      as
      otherwise expressly set forth herein, any notice, request or other communication
      required or permitted hereunder shall be in writing and shall be deemed to
      have
      been duly given if personally delivered or if faxed with confirmation of receipt
      by telephone or if mailed be registered or certified mail or by courier, to
      the
      respective the addresses of the parties as set for the hereinabove. Any party
      hereto may by notice so given change its address for future notice hereunder.
      Notice shall conclusively be deemed to have been given when personally
      delivered, faxed or when deposited in the mail in the manner set forth above
      and
      shall be deemed to have been received when delivered.

    

    (d) This
      Agreement may be executed in one or more counterparts and by facsimile, all
      of
      which shall be deemed one and the same agreement.

    

    (e) No
      amendment to this Agreement will be valid or binding unless set forth in writing
      and duly executed by all of the parties hereto. No waiver of any breach of
      any
      provision of this Agreement will be effective or binding unless made in writing
      and signed by the party purporting to give the same and, unless otherwise
      provided in the written waiver, will be limited to the specific breach
      waived.

    

    

    (f) The
      division of this Agreement into Articles and Sections and the insertion of
      headings are for the convenience of reference only and will not affect the
      construction or interpretation of this Agreement.

    

    (g) This
      agreement shall be construed, enforced, and administered in accordance with
      the
      laws of the State of New York, under the jurisdiction of the State of New York,
      without giving effect to any provision thereof that would compel the application
      of the substantive laws of any other jurisdiction and without regard to the
      conflicts of law provisions. The parties consent to the jurisdiction of the
      federal and state courts located in the State of New York regarding all matters
      under this Agreement.

    

    (h) This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof and cancels and supersedes any prior understandings
      and agreements between the parties. There are no representations, warranties,
      forms, conditions, undertakings or collateral agreements, express, implied
      or
      statutory between the parties other than as expressly set forth in this
      Agreement.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    IN
      WITTNESS WHEREOF,
      this
      agreement has been executed as of the ____ day of _______, 2007.

     

    
      	 	 	 
	 	Nucon-RF,
              Inc.
              
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Todd
              Sinclair
	 	Chief
              Financial Officer

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SIGNATURE
      PAGE OF HOLDERS

    

    

    NUCON
      RF, INC.

    

    PIGGYBACK
      REGISTRATION RIGHTS AGREEMENT

    

    

    FOR
      INDIVIDUALS AND JOINT HOLDERS:

    

    

    

    Name
      of
      Holder: __________________________

    (Print)

    

    

    Name
      of
      Joint Holder (If Joint) ____________________

    (Print)

    

    

    Signature
      of Holder: __________________________

    

    

    

    Signature
      of Joint Holder (If Joint) __________________________

    

    

    FOR
      CORPOATIONS, PARTNERSHIPS, LIMITED 

    LIABILITY
      COMPANIES, TRUSTS AND OTHER ENTITIES:

    

    

    

    Name
      of
      Entity:___________________________

    (Print)

    

    

    Name
      of
      Authorized Signatory: _________________________

    (Print)

    

    

    Title
      of
      Authorized Signatory: __________________________

    (Print)

    

    

    Signature
      of Authorized Signatory _________________________   

    
      
         

      

      
        8NUCON-RF,
      INC. 

    2007
      STOCK OPTION AND INCENTIVE PLAN

     

     

    As
      adopted by the Board of Directors on March 1, 2007

    As
      approved by the Stockholders on ______________, 2007

    

    

    1. Purpose

     

    The
      purpose of this NUCON-RF, Inc. (“Company”) 2007 Stock Option and Incentive Plan
      (this “Plan”) is to further the interests of the Company, by providing selected
      employees, directors, independent contractors and advisors, upon whose judgment,
      initiative and effort the Company is largely dependent for the successful
      conduct of its business, the opportunity to participate in a stock option and
      incentive plan designed to reward them for their services and to encourage
      them
      to continue in the employ or service of the Company. This Plan provides for
      both
      the direct award or sale of Shares and for the grant of Options to purchase
      Shares. Options granted under this Plan may include Nonstatutory Options as
      well
      as Incentive Options intended to qualify under Section 422 of the
      Code.

     

    2. Definitions

     

    For
      all
      purposes of this Plan, the following definitions shall apply:

     

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

     

    2.2. “Code”
shall
      mean the Internal Revenue Code of 1986, as amended, together with the
      regulations promulgated thereunder. 

     

    2.3. “Committee”
shall
      mean the committee designated by the Board, which is authorized to administer
      this Plan in accordance with Section 3
      hereof.
      The Committee shall be composed solely of two or more Non-Employee Directors
      and
      otherwise have such membership composition which enables the Options or other
      rights granted under this Plan to qualify for exemption under Rule 16b-3 with
      respect to persons who are subject to Section 16 of the Exchange Act. Each
      member of the Committee shall serve at the pleasure of the Board. If no
      Committee is designated by the Board, the Board collectively shall act as the
      Committee and administer this Plan. 

     

    2.4. “Common
      Stock”
shall
      mean the Company’s common stock, $0.001 par value. 

     

    2.5. “Company”
shall
      mean NUCON-RF, Inc., a Nevada corporation. 

     

    2.6. “Employee”
shall
      mean any individual who is a full-time employee of the Company or a Subsidiary.
      

     

    2.7. “Exchange
      Act”
shall
      mean the Securities Exchange Act of 1934, as amended, or any successor rule.
      

     

    2.8. “Exercise
      Price”
shall
      mean the amount for which one Share may be purchased upon exercise of an Option,
      as specified by the Committee in the Option Grant. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.9. “Fair
      Market Value”
shall
      mean (i) the closing price of a Share on the principal exchange (including
      the Nasdaq Stock Market or a successor quotation system) on which Common Stock
      is trading or quoted, on the date on which the Fair Market Value is determined
      (if Fair Market Value is determined on a date which the principal exchange
      is
      closed, Fair Market Value shall be determined on the last immediately preceding
      trading day), or (ii) if Common Stock is not traded on an exchange or
      quoted on the Nasdaq Stock Market or a successor quotation system, the fair
      market value of a Share as determined by the Committee in good faith.
      Notwithstanding any provision of this Plan to the contrary, no determination
      made with respect to the Fair Market Value of a Share subject to an Incentive
      Option shall be inconsistent with Section 422 of the Code. 

     

    2.10. “Immediate
      Family”
shall
      mean, with respect to a particular Optionee, the Optionee’s spouse, children or
      grandchildren (including adopted and step children and grandchildren).

     

    2.11. “Incentive
      Option”
shall
      mean an option granted under this Plan which is designated and qualified as
      an
      incentive stock option within the meaning of Section 422 of the Code. Neither
      the Committee, the Board nor the Company shall have any liability if an Option
      or any part thereof that is intended to be an Incentive Option does not qualify
      as such. An Option or any part thereof that does not qualify as an Incentive
      Option is referred to herein as a Nonstatutory Option.

     

    2.12. “Non-Employee
      Director”
shall
      have the meaning set forth in Rule 16b-3 promulgated by the Securities and
      Exchange Commission pursuant to the Exchange Act. 

     

    2.13. “Nonstatutory
      Option”
shall
      mean an option (or warrant for any person other than an Employee or Non-Employee
      Director) granted under this Plan which is designated as a non-qualified stock
      option and which does not qualify as an incentive stock option within the
      meaning of Section 422 of the Code. 

     

    2.14. “Offeree”
shall
      mean any person who has been offered the right to acquire Shares under this
      Plan
      (other than upon exercise of an Option). 

     

    2.15. “Option”
shall
      mean an Incentive Option or a Nonstatutory Option.

     

    2.16. “Option
      Grant”
shall
      mean the written instrument which contains the terms, conditions and
      restrictions pertaining to each Option granted to an Optionee.

     

    2.17. “Optionee”
shall
      mean any person who has been granted an Option under this Plan. 

     

    2.18. “Permanent
      Disability”
shall
      mean a permanent and total disability within the meaning of Section 22(e)(3)
      of
      the Code. 

     

    2.19. “Plan”
shall
      mean this NUCON-RF, Inc. 2007 Stock Option and Incentive Plan, as amended from
      time to time. 

     

    2.20. “Purchase
      Price”
shall
      mean the consideration for which one Share may be acquired under this Plan
      (other than upon exercise of an Option), as specified by the Committee in the
      Shane Award. 

     

    2.21. “Relationship”
shall
      mean any individual who is (i) an Employee of the Company or a Subsidiary,
      (ii) a member or a member designee of the Board or of the board of
      directors of a Subsidiary, or (iii) an independent contractor or advisor
      who performs services for the Company or a Subsidiary.

    
      
         

      

      
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          2 of
          11

        
          

        

      

      
         

      

    

    2.22. “Share”
shall
      mean one share of Common Stock, as adjusted in accordance with
      Section 9
      (if
      applicable).

     

    2.23. “Share
      Award”
shall
      mean the written instrument which contains the terms, conditions and
      restrictions pertaining to each award or sale of Shares to an
      Offeree.

     

    2.24. “Subsidiary”
shall
      mean any company or entity of which the Company owns, directly or indirectly,
      the majority of the combined voting power of all classes of stock. 

     

    2.25. “Termination
      for Cause”
shall
      mean the termination of the employment or service of an individual with the
      Company, whether voluntary or involuntary, that is determined by the Committee,
      in its sole discretion, to have resulted from (i) the unauthorized use or
      disclosure of the confidential information or trade secrets of the Company,
      which use or disclosure causes harm to the Company, (ii) the conviction of,
      or plea of “guilty” or “no contest” to, a felony under the laws of the United
      States or any state thereof, (iii) willful misconduct, or
      (iv) continued failure to perform assigned duties after receiving written
      notification from the Board. The foregoing, however, shall not be deemed to
      be
      an exclusive list of all acts or omissions that the Committee may consider
      as
      grounds for Termination for Cause. 

     

    3. Administration

     

    3.1. Committee
      Procedures.
      The
      Board shall designate one of the members of the Committee as chairman. The
      Committee may hold meetings at such times and places as it shall determine.
      The
      acts of a majority of the Committee members present at meetings at which a
      quorum exists, or acts reduced to or approved in writing by all Committee
      members, shall be valid acts of the Committee. 

     

    3.2. Committee
      Responsibilities.
      Subject
      to the provisions of this Plan, the Committee shall have full authority and
      discretion to take the following actions:

     

    3.2.1. To
      interpret this Plan and to apply its provisions;

     

    3.2.2. To
      adopt,
      amend or rescind rules, procedures and forms relating to this Plan;

     

    3.2.3. To
      authorize any person to execute, on behalf of the Company, any instrument
      required to carry out the purposes of this Plan;

     

    3.2.4. To
      determine when Shares are to be awarded or offered for sale and when Options
      are
      to be granted under this Plan;

     

    3.2.5. To
      select
      the Offerees and Optionees;

     

    3.2.6. To
      determine the number of Shares to be offered to each Offeree or to be made
      subject to each Option;

     

    3.2.7. To
      prescribe the terms, restrictions and conditions of each award or sale of
      Shares, including, without limitation, the Purchase Price and the vesting of
      the
      award (including accelerating the vesting of awards);

     

    3.2.8. To
      prescribe the terms, restrictions and conditions of each Option, including,
      without limitation, the Exercise Price and the vesting or duration of the Option
      (including accelerating the vesting of the Option), and to determine whether
      such Option is to be classified as an Incentive Option or as a Nonstatutory
      Option;

    
      
         

      

      
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    3.2.9. To
      amend
      any outstanding Share Award or Option Grant, subject to the limitations of
      this
      Plan;

     

    3.2.10. To
      correct any defect, supply any omission, or reconcile any inconsistency in
      this
      Plan or any Option or other right granted under this Plan; and

     

    3.2.11. To
      take
      any other actions or make any other determinations or interpretations deemed
      necessary or advisable for the administration of this Plan.

     

    3.3. Indemnification.
      No
      member of the Committee shall be liable for any action that he has taken or
      has
      failed to take in good faith with respect to this Plan, any Option, or any
      right
      to acquire Shares under this Plan. Service on the Committee shall constitute
      service as a director of the Company so that a member of the Committee shall
      be
      entitled to indemnification and reimbursement as a director of the Company
      to
      the full extent allowable under its governing instruments and applicable
      law.

     

    3.4. Other.
      Subject
      to the requirements of applicable law, the Committee may designate persons
      other
      than members of the Committee to carry out its responsibilities and may
      prescribe such conditions and limitations as it may deem appropriate, except
      that the Committee may not delegate its authority with regard to the selection
      for participation of or the granting of Options or other rights under this
      Plan
      to persons subject to Section 16 of the Exchange Act. All decisions,
      interpretations and other actions of the Committee shall be final and binding
      on
      all Offerees, all Optionees, and all persons deriving their rights from an
      Offeree or Optionee.

     

    4. Eligibility

     

    4.1. General
      Rule.
      Nonstatutory Options may be granted to any individual who has a Relationship
      with the Company or a Subsidiary. Incentive Options may be granted to any
      Employee of the Company or a Subsidiary. 

     

    4.2. Non-Employee
      Directors.
      Notwithstanding any provision of this Plan to the contrary,
      Non-Employee Directors shall only be eligible for the grant of Nonstatutory
      Options as described in this Section 4.2.

     

    4.3. Reserved.

     

    4.4. Ten-Percent
      Stockholders.
      An
      Employee who owns more than 10% of the total combined voting power of all
      classes of outstanding stock of the Company or any of its Subsidiaries shall
      not
      be eligible for the grant of an Incentive Option unless such grant satisfies
      the
      requirements of Section 422(c)(6) of the Code.

     

    4.5. Attribution
      Rules.
      For
      purposes of Section 4.4 above, in determining stock ownership, an Employee
      shall
      be deemed to own the stock owned, directly or indirectly, by or for his
      brothers, sisters, spouse, ancestors and lineal descendants. Stock owned,
      directly or indirectly, by or for a company, corporation, partnership, estate
      or
      trust shall be deemed to be owned proportionately by or for its members,
      shareholders, partners or beneficiaries.

     

    4.6. Outstanding
      Stock.
      For
      purposes of Section 4.4 above, “outstanding stock” shall include all stock
      actually issued and outstanding immediately after the grant. “Outstanding stock”
shall not include shares authorized for issuance under outstanding options
      or
      similar rights held by the Employee or by any other person.

    
      
         

      

      
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    5. Stock
      Subject to this Plan

     

    5.1. Basic
      Limitation.
      Shares
      offered under this Plan shall be authorized but unissued shares, or treasury
      shares. Six Million (6,000,000) Shares have been reserved for issuance under
      this Plan (upon exercise of Options or other rights to acquire Shares). The
      aggregate number of Shares which may be issued under this Plan shall at all
      times be subject to adjustment pursuant to Section 9.
      The
      number of Shares which are subject to Options or other rights outstanding at
      any
      time under this Plan shall not exceed the number of Shares which then remain
      available for issuance under this Plan. The Company, during the term of this
      Plan, shall at all times reserve and keep available sufficient Shares to satisfy
      the requirements of this Plan. 

     

    5.2. Additional
      Shares.
      In the
      event that any outstanding Option or other right for any reason expires or
      is
      canceled or otherwise terminated, the Shares allocable to the unexercised
      portion of such Option or other right shall again be available for the purposes
      of this Plan. If Shares are forfeited before any dividends have been paid with
      respect to the Shares, then such Shares shall again be available for award or
      sale under this Plan.

     

    6. Terms
      and Conditions of Options 

     

    6.1. Option
      Grant.
      Each
      grant of an Option under this Plan shall be evidenced by an Option Grant
      approved by the Committee. Such Option shall be subject to all applicable terms
      and conditions of this Plan and may be subject to any other terms and conditions
      which are not inconsistent with this Plan and which the Committee deems
      appropriate for inclusion in an Option Grant. The provisions of the various
      Option Grants entered into under this Plan need not be identical. In no event
      shall the aggregate fair market value (determined as of the time the Incentive
      Option is granted) of the Shares with respect to which Incentive Options
      (granted under this Plan or any other plans of the Company) are exercisable
      for
      the first time by an Optionee in any calendar year exceed $100,000. No Incentive
      Option shall be granted pursuant to this Plan after ten years from the earlier
      of the date of adoption of this Plan by the Board or the date of approval of
      this Plan by the Company’s stockholders.

     

    6.2. Number
      of Shares.
      Each
      Option Grant shall specify the number of Shares that are subject to the Option.
      The Option Grant shall also specify whether the Option is a Nonstatutory Option
      or an Incentive Option.

     

    6.3. Exercise
      Price.
      Each
      Option Grant shall specify the Exercise Price. The Exercise Price of an
      Incentive Option shall not be less than 100% of the Fair Market Value of a
      Share
      on the date of grant. The Exercise Price of a Nonstatutory Option shall not
      be
      less than 85% of the Fair Market Value of a Share on the date of grant. Subject
      to the preceding two sentences, the Exercise Price under any Option shall be
      determined by the Committee at its sole discretion. The Exercise Price shall
      be
      payable in one of the forms described in Sections 8.1
      and
8.2.

     

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

    
      
         

      

      
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    6.5. Exercisability
      and Term.
      Each
      Option Grant shall specify the date when all or any installment of the Option
      is
      to become exercisable. An Option may be exercised only by delivery to the
      Company of a written notice of exercise signed by the proper person together
      with payment in full for the number of Shares which the Option is exercised.
      The
      Option Grant shall also specify the term of the Option. The term shall not
      exceed ten years from the date of grant (five years for Non-Employees described
      in Section 4.2).
      Subject to the preceding three sentences, the Committee at its sole discretion
      shall determine when all or any installment of an Option is to become
      exercisable and when an Option is to expire. Notwithstanding anything to the
      contrary herein, no Option will be exercisable (and any attempted exercise
      will
      be deemed null and void) if such exercise would create a right of recovery
      for
“short-swing profits” under Section 16(b) of the Exchange Act. This Section
6.5
      is
      intended to protect persons subject to Section 16(b) against inadvertent
      violations of Section 16(b) and shall not apply with respect to any particular
      exercise of an Option if the limitation in the preceding sentence of this
      Section 6.5
      is
      expressly waived in writing by the Optionee at the time of such
      exercise.

     

    6.6. Termination
      of Relationship.
      Except
      as the Committee may otherwise determine at any time with respect to any
      particular Nonstatutory Option granted hereunder:

     

    6.6.1. If
      an
      Optionee ceases to have a Relationship for any reason other than his death
      or
      Permanent Disability, any Options granted to him shall terminate 90 days from
      the date on which such Relationship terminates. During the ninety day period,
      the Optionee may exercise any Option granted to him but only to the extent
      such
      Option was exercisable on the date of termination of his Relationship and
      provided that such Option has not previously expired by its own terms or
      otherwise terminated as provided herein. A leave of absence approved in writing
      by the Committee shall not be deemed a termination of Relationship for purposes
      of this Section 6.6,
      but no
      Option may be exercised during any such leave of absence, except during the
      first 90 days thereof.

     

    6.6.2. For
      purposes hereof, termination of an Optionee’s Relationship for reasons other
      than death or Permanent Disability shall be deemed to take place upon the
      earliest to occur of the following: (i) the date of the Optionee’s
      retirement from employment under the normal retirement policies of the Company;
      (ii) the date of the Optionee’s retirement from employment with the
      approval of the Committee because of disability (other than Permanent
      Disability); (iii) the date the Optionee receives notice or advice that his
      employment or other Relationship is terminated; or (iv) the date the
      Optionee ceases to render the services which he was employed, engaged or
      retained to render to the Company (absences for temporary illness, emergencies
      and vacations or leaves of absence approved in writing by the Committee
      excepted). The fact that the Optionee may receive payment from the Company
      after
      termination for vacation pay, for services rendered prior to termination, for
      salary in lieu of notice or for other benefits shall not affect the termination
      date.

     

    6.6.3. Notwithstanding
      anything in this Plan to the contrary, no Option may be exercised or claimed
      by
      Optionee following the termination of his Relationship as a result of a
      Termination for Cause, and no Option may be exercised or claimed while the
      Optionee is being investigated for a Termination for Cause. 

     

    6.7. Death
      or Permanent Disability of Optionee.
      Except
      as the Committee may otherwise determine at any time with respect to any
      particular Nonstatutory Option granted hereunder, if an Optionee shall die
      at a
      time when he is in a Relationship or if the Optionee shall cease to have a
      Relationship by reason of Permanent Disability, any Options granted to him
      shall
      terminate one year after the date of his death or termination of Relationship
      due to Permanent Disability unless by its terms it shall expire before such
      date
      or otherwise terminate earlier as provided herein, and shall only be exercisable
      to the extent that it would have been exercisable on the date of his death
      or
      his termination of Relationship due to Permanent Disability. In the case of
      death, the Option may be exercised by the person or persons to whom the
      Optionee’s rights under the Option shall pass by will or by the laws of descent
      and distribution.

    
      
         

      

      
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    6.8. Privileges
      of Stock Ownership.
      No
      person entitled to exercise any Option granted under this Plan shall have any
      of
      the rights or privileges of a stockholder of the Company with respect to any
      Shares issuable upon exercise of such Option until such person has become the
      holder of record of such Shares. No adjustment shall be made for dividends
      or
      distributions of rights in respect of such Shares if the record date is prior
      to
      the date on which such person becomes the holder of record, except as provided
      in Section 9
      hereof.

     

    6.9. Amendment
      of Options.
      The
      Committee may amend, modify, extend, renew or terminate outstanding Options
      or
      may accept the cancellation of outstanding Options (to the extent not previously
      exercised), whether or not granted hereunder, in return for the grant of new
      Options at the same or a different price. The Committee may shorten the vesting
      period, extend the exercise period, remove any or all restrictions or convert
      an
      Incentive Option to a Nonstatutory Option, if, in its sole discretion, the
      Committee determines that such action is in the best interests of the Company.
      The foregoing notwithstanding, the Optionee’s consent to any such action shall
      be required unless the Board determines that the action, taking into account
      any
      related action, would not materially and adversely affect the
      Optionee.

     

    6.10. 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 Committee may determine. Such restrictions shall
      be
      set forth in the applicable Option Grant and shall apply in addition to any
      general restrictions that may apply to all holders of Shares. Each certificate
      representing any Shares issued upon exercise of an Option shall bear a legend
      making appropriate reference to the restrictions imposed on the
      Shares.

     

    7. Terms
      and Conditions of Awards or Sales

     

    7.1. Share
      Award.
      Each
      award or sale of Shares under this Plan (other than upon exercise of an Option)
      shall be evidenced by a Share Award approved by the Committee. Such award or
      sale shall be subject to all applicable terms and conditions of this Plan and
      may be subject to any other terms and conditions which are not inconsistent
      with
      this Plan and which the Committee deems appropriate for inclusion in a Share
      Award. The provisions of the various Share Awards entered into under this Plan
      need not be identical.

     

    7.2. Duration
      of Offers and Nontransferability of Rights.
      Any
      right to acquire Shares under this Plan (other than an Option) shall
      automatically expire if not exercised by the Offeree within thirty days after
      the grant of such right was communicated to the Offeree by the Committee. Such
      right shall not be transferable and shall be exercisable only by the Offeree
      to
      whom such right was granted.

     

    7.3. Purchase
      Price.
      The
      Purchase Price shall be determined by the Committee at its sole discretion.
      The
      Purchase Price shall be payable in one of the forms described in Sections
8.1,
      8.2
      or
8.3.

     

    7.4. Withholding
      Taxes.
      As a
      condition to the receipt or purchase of Shares, the Offeree shall make such
      arrangements as the Committee may require for the satisfaction of any federal,
      state or local withholding tax obligations that may arise in connection with
      a
      recognition of income from such Shares (either on the date of grant or the
      date
      the restrictions lapse).

    
      
         

      

      
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    7.5. Amendment
      of Share Awards.
      The
      Committee may amend, modify or terminate any outstanding Share Awards. The
      Committee may shorten the vesting period or remove any or all restrictions
      if,
      in its sole discretion, the Committee determines that such action is in the
      best
      interests of the Company. The foregoing notwithstanding, the Offeree’s consent
      to any such action shall be required unless the Board determines that the
      action, taking into account any related action, would not materially and
      adversely affect the Offeree.

     

    7.6. Restrictions
      on Transfer of Shares. Any
      Shares awarded or sold under this Plan shall be subject to such special
      forfeiture conditions, rights of repurchase, rights of first refusal and other
      transfer restrictions as the Committee may determine. Such restrictions shall
      be
      set forth in the applicable Stock Purchase Agreement and shall apply in addition
      to any general restrictions that may apply to all holders of Shares. Each
      certificate representing any Shares awarded or sole under this Plan will bear
      a
      legend making appropriate reference to the restrictions imposed on the
      Shares.

     

    8. Payment
      for Shares

     

    8.1. General
      Rule.
      The
      entire Purchase Price or Exercise Price for the number of Shares being purchased
      and, if applicable, any federal, state or local withholding taxes required
      to be
      paid in accordance with Section 6.4
      or
7.4
      hereof,
      shall be payable in full, by cash or by certified or cashier’s check payable to
      the order of the Company or equivalent thereof acceptable to the Company, at
      the
      time when such Shares are purchased, except as provided in Sections 8.2 and
      8.3 below.
      Notwithstanding the foregoing, the Company shall have the right to postpone
      the
      time of delivery of the Shares for such period as may be required for it to
      comply, with reasonable diligence, with any applicable listing requirements
      of
      any national securities exchange (including the Nasdaq Stock Market) or any
      federal, state or local law. If an Optionee or Offeree fails to accept delivery
      of or fails to pay for all or any portion of the Shares requested, the Committee
      shall have the right to terminate his Option (or other right to acquire Shares)
      with respect to the number of such Shares requested.

     

    8.2. Surrender
      of Stock; Cashless Exercise. At
      the
      discretion of the Committee, payment may be made in whole or in part with Shares
      which were acquired by the Optionee in the open market or which have already
      been owned by the Optionee or his representative for more than six months,
      and
      which certificate(s) representing the Shares is surrendered to the Company
      duly
      endorsed and in good form for transfer. Such Shares shall be valued at their
      Fair Market Value on the date when the new Shares are purchased under this
      Plan.

     

    8.3. Services
      Rendered. At
      the
      discretion of the Committee, Shares may be awarded under this Plan in
      consideration of services rendered to the Company or a Subsidiary prior to
      the
      award. If Shares are awarded without the payment of a Purchase Price in cash,
      the Committee shall make a determination (at the time of the award) of the
      value
      of the services rendered by the Offeree and the sufficiency of the consideration
      to meet the requirements of this Section 8.3. 

     

    9. Adjustment
      of Shares

     

    9.1. General.
      In the
      event of a subdivision of the outstanding Common Stock, a declaration of a
      dividend payable in Shares, a declaration of a dividend payable in a form other
      than Shares in an amount that has a material effect on the value of Shares,
      a
      combination or consolidation of the outstanding Common Stock (by
      reclassification or otherwise) into a lesser number of Shares, a
      recapitalization or a similar occurrence, the Committee shall make at its sole
      discretion appropriate adjustments in one or more of: (i) the number of
      Shares available for future grants under Section 5;
      (ii) the number of Shares covered by each outstanding Option;
      (iii) the Exercise Price under each outstanding Option; (iv) the
      number of Shares covered by each outstanding award; or (v) the Purchase
      Price of each outstanding award.

    
      
         

      

      
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    9.2. Reorganization.
      In
      the
      event that the Company is a party to a merger or other reorganization,
      outstanding Options shall be subject to the agreement of merger or
      reorganization. Such agreement may provide for the assumption of outstanding
      Options by the surviving corporation or its parent or for their continuation
      by
      the Company (if the Company is a surviving corporation); provided,
      however,
      that if
      assumption or continuation of the outstanding Options is not provided by such
      agreement then the Committee shall have the option of offering the payment
      of a
      cash settlement equal to the difference between the amount to be paid for one
      Share under such agreement and the Exercise Price, in all cases without the
      Optionees’ consent.

     

    9.3. Reservation
      of Rights.
      Except
      as provided in this Section 9,
      an
      Optionee or Offeree shall have no rights by reason of any subdivision or
      consolidation of shares of stock of any class, the payment of any dividend
      or
      any other increase or decrease in the number of shares of stock of any class.
      Any issue 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 this 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.

     

    10. Legal
      and Regulatory Requirements

     

    Shares
      shall not be issued under this Plan unless the issuance and delivery of such
      Shares complies with (or is 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 on which the Company’s securities may
      then be listed.

     

    11. No
      Employment Rights

     

    Nothing
      contained in this Plan or in any right or Option granted under this Plan shall
      confer upon any Offeree or Optionee any right with respect to the continuation
      of his employment by or other Relationship with the Company or a Subsidiary.
      The
      Company and its Subsidiaries reserve the right to terminate any person’s
      employment and/or Relationship at any time and for any reason, with or without
      notice.

     

    12. Duration
      and Amendments

     

    12.1. Term
      of this Plan.
      This
      Plan shall terminate automatically on March 1, 2022 and may be terminated on
      any
      earlier date pursuant to Section 12.2 below.

     

    12.2. Right
      to Amend, Suspend or Terminate this Plan. The
      Board
      of Directors may amend, suspend or terminate this Plan at any time and from
      time
      to time. An amendment of this Plan shall be subject to the approval of the
      Company’s stockholders only to the extent required by applicable laws,
      regulations or rules.

     

    12.3. Effect
      of Termination.
      No
      Shares shall be issued or sold under this Plan after the termination thereof,
      except upon exercise of an Option granted prior to such termination. The
      termination of this Plan shall not affect any Share previously issued or any
      Option previously granted under this Plan.

    
      
         

      

      
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    13. Plan
      not a Trust

     

    Nothing
      contained in this Plan and no action taken pursuant to this Plan shall create
      or
      be construed to create a trust of any kind, or a fiduciary relationship, between
      the Company and any Offeree or Optionee, the executor, administrator or other
      personal representative, or designated beneficiary of such Offeree or Optionee,
      or any other persons. If and to the extent that any Offeree or Optionee or
      such
      Offeree’s or Optionee’s executor, administrator or other personal
      representative, as the case may be, acquires a right to receive any payment
      from
      the Company pursuant to this Plan, such right shall be no greater than the
      right
      of an unsecured general creditor of the Company.

     

    14. Notices

     

    Each
      Offeree or Optionee shall be responsible for furnishing the Committee with
      the
      current and proper address for the mailing of notices and delivery of
      agreements, Common Stock and cash pursuant to this Plan. Any notices required
      or
      permitted to be given shall be deemed given if directed to the person to whom
      addressed at such address and mailed by regular United States mail, first-class
      and prepaid. If any item mailed to such address is returned as undeliverable
      to
      the addressee, mailing will be suspended until the Offeree or Optionee furnishes
      the proper address. This provision shall not be construed as requiring the
      mailing of any notice or notification if such notice is not required under
      the
      terms of this Plan or any applicable law.

     

    15. Severability
      of Provisions

     

    If
      any
      provision of this Plan shall be held invalid or unenforceable, such invalidity
      or unenforceability shall not affect any other provisions hereof, and this
      Plan
      shall be construed and enforced as if such provisions had not been
      included.

     

    16. Payment
      to Minors, etc.

     

    Any
      benefit payable to or for the benefit of a minor, an incompetent person or
      other
      person incapable of receipting therefor shall be deemed paid when paid to such
      person’s guardian or to the party providing or reasonably appearing to provide
      for the care of such person, and such payment shall fully discharge the
      Committee, the Company and other parties with respect thereto.

     

    17. Headings
      and Captions

     

    The
      headings and captions herein are provided for reference and convenience only,
      shall not be considered part of this Plan, and shall not be employed in the
      construction of this Plan.

     

    18. Controlling
      Law

     

    This
      Plan
      shall be construed and enforced according to the laws of the State of Nevada
      to
      the extent not preempted by federal law, which shall otherwise
      control.

     

    19. Stockholder
      Approval

     

    The
      grant
      of Options under this Plan shall be subject to approval of this Plan by the
      stockholders of the Company within twelve months after the date this Plan was
      adopted by the Board. Such stockholder approval shall be obtained in the degree
      and manner required under applicable law. The Committee may grant Options under
      this Plan prior to approval by the stockholders, but until such approval is
      obtained, no such Option shall be exercisable.

    
      
         

      

      
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    20. Execution

     

    To
      record
      the adoption of this Plan by the Board effective as of March 1, 2007 the Company
      has caused its authorized officer to execute the same.

     

    
      	 	 	 
	 	
              NUCON-RF,
                INC.

            
	 
 	 
 	 
 
	 	By:  	
              /s/ J.P.
                Todd
                Sinclair

            
	 	
              
                
J.P.
                Todd Sinclair

            
	
              Its:  
                

            	
              Chief
                Financial Officer

            

    

    
      
         

      

      
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