Document:

Exhibit 10.2

                                APTARGROUP, INC.
                                ANNUAL BONUS PLAN

                                  I. Purposes

     The purposes of the AptarGroup, Inc. Annual Bonus Plan are to retain and
motivate the officers and other employees of AptarGroup, Inc. and its
subsidiaries who have been designated by the Committee to participate in the
Plan for a specified Performance Period by providing them with the opportunity
to earn incentive payments based upon the extent to which specified performance
goals have been achieved or exceeded for the Performance Period. It is intended
that all amounts payable to Participants who are "covered employees" within the
meaning of Section 162(m) of the Code will constitute "qualified
performance-based compensation" within the meaning of U.S. Treasury regulations
promulgated thereunder, and the Plan and the terms of any awards hereunder shall
be so interpreted and construed to the maximum extent possible.

                            II. Certain Definitions

     "Annual Base Salary" shall mean for any Participant an amount equal to the
rate of annual base salary in effect or approved by the Committee or other
authorized person at the time or immediately before performance goals are
established for a Performance Period, including any base salary that otherwise
would be payable to the Participant during the Performance Period but for his or
her election to defer receipt thereof.

     "Applicable Period" shall mean, with respect to any Performance Period, a
period commencing on or before the first day of the Performance Period and
ending not later than the earlier of (a) 90 days after the commencement of the
Performance Period and (b) the date on which twenty-five percent (25%) of the
Performance Period has been completed. Any action required to be taken within an
Applicable Period may be taken at a later date if permissible under Section
162(m) of the Code or regulations promulgated thereunder, as they may be amended
from time to time.

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

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

     "Committee" shall mean the Compensation Committee of the Board or such
other committee designated by the Board that satisfies any then applicable
requirements of the principal national stock exchange on which the Common Stock
is then traded to constitute a compensation committee, and which consists of
three or more members of the Board, each of whom may be an "outside director"
within the meaning of Section 162(m) of the Code.

     "Common Stock" shall mean Common Stock, par value $.01 per share, of the
Company.

     "Company" shall mean AptarGroup, Inc., a Delaware corporation and any
successor thereto.

     "Individual Award Opportunity" shall mean the potential of a Participant to
receive an incentive payment if the performance goals for a Performance Period
shall have been satisfied. An Individual Award Opportunity may be expressed in
U.S. dollars, in Restricted Stock Units or pursuant to a formula that is
consistent with the provisions of the Plan.

                                     10.2-1
<PAGE>

     "Participant" shall mean an officer or other employee of the Company or any
of its subsidiaries who is designated by the Company to participate in the Plan
for a Performance Period, in accordance with Article III.

     "Performance Period" shall mean any period commencing on or after January
1, 2008 for which performance goals are established pursuant to Article IV. A
Performance Period may be coincident with one or more fiscal years of the
Company or a portion of any fiscal year of the Company.

     "Plan" shall mean the AptarGroup, Inc. Annual Bonus Plan as set forth
herein, as it may be amended from time to time.

     "Restricted Stock Unit" shall mean a right that entitles the holder thereof
to receive, upon vesting, one share of Common Stock on the date of vesting and
that is available for grant in accordance with the terms of a stock plan of the
Company, the eligible participants in which include Participants.

                              III. Administration

     3.1. General. The Plan shall be administered by the Committee, which shall
have the full power and authority to interpret, construe and administer the Plan
and any Individual Award Opportunity granted hereunder (including reconciling
any inconsistencies, correcting any defaults and addressing any omissions). The
Committee's interpretation, construction and administration of the Plan and all
its determinations hereunder shall be final, conclusive and binding on all
persons for all purposes.

     3.2. Powers and Responsibilities. The Committee shall have the following
discretionary powers, rights and responsibilities in addition to those described
in Section 3.1.

     (a)  to designate within the Applicable Period the Participants for a
          Performance Period;

     (b)  to establish within the Applicable Period the performance goals and
          other terms and conditions that are to apply to each Participant's
          Individual Award Opportunity, including the extent to which any
          incentive payment shall be made to a Participant in the event of (i)
          the Participant's termination of employment with or service to the
          Company due to disability, retirement, death or any other reason or
          (ii) a change in control of the Company;

     (c)  to determine in writing prior to the payment with respect to any
          Individual Award Opportunity that the performance goals for a
          Performance Period and other material terms applicable to the
          Individual Award Opportunity have been satisfied;

     (d)  to determine whether, and under what circumstances and subject to what
          terms, an Individual Award Opportunity is to be paid in cash or in
          Restricted Stock Units, or partly in cash and partly in Restricted
          Stock Units;

     (e)  to determine whether, and under what circumstances and subject to what
          terms, an Individual Award Opportunity is to be paid on a deferred
          basis, including whether such a deferred payment shall be made solely
          at the Committee's discretion or whether a Participant may elect
          deferred payment; and

     (f)  to adopt, revise, suspend, waive or repeal, when and as appropriate,
          in its sole and absolute discretion, such administrative rules,
          guidelines and procedures for the Plan as it deems necessary or
          advisable to implement the terms and conditions of the Plan.

                                     10.2-2
<PAGE>

     3.3. Delegation of Power. The Committee may delegate some or all of its
power and authority hereunder to the Chief Executive Officer or other executive
officer of the Company as the Committee deems appropriate; provided, however,
that with respect to any person who is a "covered employee" within the meaning
of Section 162(m) of the Code or who, in the Committee's judgment, is likely to
be a covered employee at any time during the applicable Performance Period, only
the Committee shall be permitted to (a) designate such person to participate in
the Plan for such Performance Period, (b) establish performance goals and
Individual Award Opportunities for such person, and (c) certify the achievement
of such performance goals.

                             IV. Performance Goals

     4.1. Establishing Performance Goals. The Committee shall establish within
the Applicable Period of each Performance Period one or more objective
performance goals for each Participant or for any group of Participants (or
both), provided that the outcome of each goal is substantially uncertain at the
time the Committee establishes such goal. Performance goals shall be based
exclusively on one or more of the following objective corporate-wide or
subsidiary, division, operating unit or individual measures: earnings per share;
earnings before interest and taxes ("EBIT"); earnings before interest, taxes,
depreciation and amortization ("EBITDA"); financial return ratios, consisting of
return on equity; return on assets and return on invested capital; the ratio of
EBIT to capital; the ratio of EBITDA to capital; net income; operating income;
revenues; profit margin; cash flow(s); expense reduction; working capital
ratios; successful implementation of strategic initiatives; and successful
integration of acquisitions. Each such goal may be expressed on an absolute or
relative basis and may include comparisons based on current internal targets,
the past performance of the Company (including the performance of one or more
subsidiaries, divisions, or operating units) or the past or current performance
of other companies (or a combination of such past and current performance). In
the case of earnings-based measures, in addition to the ratios specifically
enumerated above, performance goals may include comparisons relating to capital
(including, but not limited to, the cost of capital), shareholders' equity,
shares outstanding, assets or net assets, or any combination thereof. With
respect to Participants who are not "covered employees" within the meaning of
Section 162(m) of the Code and who, in the Committee's judgment, are not likely
to be a covered employees at any time during the applicable Performance Period,
the performance goals established for the Performance Period may consist of any
objective corporate-wide or subsidiary, division, operating unit or individual
measures, whether or not listed herein. Performance goals shall be subject to
such other special rules and conditions as the Committee may establish at any
time within the Applicable Period.

     4.2. Impact of Extraordinary Items or Changes in Accounting. The measures
utilized in establishing performance goals under the Plan for any given
Performance Period shall be determined in accordance with generally accepted
accounting principles ("GAAP") and in a manner consistent with the methods used
in the Company's audited consolidated financial statements, to the extent
applicable, without regard to (a) extraordinary or other nonrecurring or unusual
items, as determined by the Company's independent public accountants in
accordance with GAAP, (b) changes in accounting, as determined by the Company's
independent public accountants in accordance with GAAP, or (c) special charges,
such as restructuring or impairment charges, unless, in each case, the Committee
decides otherwise within the Applicable Period or as otherwise required under
Section 162(m) of the Code.

                       V. Individual Award Opportunities

     5.1. Terms. At the time performance goals are established for a Performance
Period, the Committee also shall establish an Individual Award Opportunity for
each Participant or group of Participants, which shall be based on the
achievement of one or more specified targets of performance goals. The targets
shall be expressed in terms of an objective formula or standard which may be
based upon the Participant's Annual Base Salary or a multiple thereof. In all
cases the Committee shall have the sole and absolute discretion to reduce the
amount of any payment with respect to any Individual Award Opportunity that
would otherwise be made to any Participant or to decide that no payment shall be
made. No Participant shall receive a payment, whether in cash or in Restricted
Stock Units, under the Plan with respect to any Performance Period having a
value in excess of $2,000,000, which maximum amount shall be prorated with
respect to Performance Periods that are less than one year in duration.

                                     10.2-3
<PAGE>

     5.2. Payments. Payments with respect to Individual Award Opportunities
shall be made in cash or in Restricted Stock Units, or partly in cash and partly
in Restricted Stock Units, and shall be made at the time determined by the
Committee after the end of the Performance Period for which the awards are
payable, provided that (a) no such payment shall be made unless and until the
Committee has certified in writing the extent to which the applicable
performance goals for such Performance Period have been satisfied and (b) no
such payment shall be made later than March 15 of the year immediately following
the last day of the applicable Performance Period.

                                  VI. General

     6.1. Effective Date and Term of Plan. The Plan shall be submitted to the
stockholders of the Company for approval at the 2008 annual meeting of
stockholders and, if approved by the affirmative vote of a majority of the
shares of Common Stock present in person or represented by proxy at such
meeting, shall become effective for Performance Periods beginning on and after
January 1, 2008. The Plan shall terminate as of December 31, 2012, unless
terminated earlier by the Board. In the event that the Plan is not approved by
the stockholders of the Company, the Plan shall be null and void with respect to
Participants who are "covered employees" within the meaning of Section 162(m) of
the Code.

     6.2. Amendments. The Board may amend the Plan as it shall deem advisable,
subject to any requirement of stockholder approval required by applicable law,
rule or regulation, including Section 162(m) of the Code.

     6.3. Non-Transferability of Awards. No award under the Plan shall be
transferable other than by will, the laws of descent and distribution or
pursuant to beneficiary designation procedures approved by the Company. Except
to the extent permitted by the foregoing sentence, no award may be sold,
transferred, assigned, pledged, hypothecated, encumbered or otherwise disposed
of (whether by operation of law or otherwise) or be subject to execution,
attachment or similar process. Upon any attempt to sell, transfer, assign,
pledge, hypothecate, encumber or otherwise dispose of any such award, such award
and all rights thereunder shall immediately become null and void.

     6.4. Tax Withholding. The Company shall have the right to require, prior to
the payment of any amount pursuant to an award made hereunder, payment by the
Participant of any Federal, state, local or other taxes which may be required to
be withheld or paid in connection with such award.

     6.5. No Right of Participation or Employment. No person shall have any
right to participate in the Plan. Neither the Plan nor any award made hereunder
shall confer upon any person any right to continued employment by the Company or
any subsidiary or affiliate of the Company or affect in any manner the right of
the Company or any subsidiary or affiliate of the Company to terminate the
employment of any person at any time without liability hereunder.

     6.6. Designation of Beneficiary. If permitted by the Company, a Participant
may file with the Committee a written designation of one or more persons as such
Participant's beneficiary or beneficiaries (both primary and contingent) in the
event of the Participant's death.

     Each beneficiary designation shall become effective only when filed in
writing with the Committee during the Participant's lifetime on a form
prescribed by the Committee. The spouse of a married Participant domiciled in a
community property jurisdiction shall join in any designation of a beneficiary
other than such spouse. The filing with the Committee of a new beneficiary
designation shall cancel all previously filed beneficiary designations.

                                     10.2-4
<PAGE>

     If a Participant fails to designate a beneficiary, or if all designated
beneficiaries of a Participant predecease the Participant, then each outstanding
award shall be payable to the Participant's executor, administrator, legal
representative or similar person.

     6.7. Governing Law. The Plan and each award hereunder, and all
determinations made and actions taken pursuant thereto, to the extent not
otherwise governed by the Code or the laws of the United States, shall be
governed by the laws of the State of Delaware and construed in accordance
therewith without giving effect to principles of conflicts of laws.

     6.8. Other Plans. Payments pursuant to the Plan shall not be treated as
compensation for purposes of any other compensation or benefit plan, program or
arrangement of the Company or any of its subsidiaries, unless either (a) such
other plan provides that compensation such as payments made pursuant to the Plan
are to be considered as compensation thereunder or (b) the Board or the
Committee so determines in writing. Neither the adoption of the Plan nor the
submission of the Plan to the Company's stockholders for their approval shall be
construed as limiting the power of the Board or the Committee to adopt such
other incentive arrangements as it may otherwise deem appropriate.

     6.9. Binding Effect. The Plan shall be binding upon the Company and its
successors and assigns and the Participants and their beneficiaries, personal
representatives and heirs. If the Company becomes a party to any merger,
consolidation or reorganization, then the Plan shall remain in full force and
effect as an obligation of the Company or its successors in interest, unless the
Plan is amended or terminated pursuant to Section 6.2.

As adopted by the Board of Directors on February 28, 2008.

                                     10.2-5Exhibit 10.3

                                APTARGROUP, INC.
                             2008 STOCK OPTION PLAN

     1. Purpose. The purpose of the AptarGroup, Inc. 2008 Stock Option Plan (the
"Plan") is to promote the long-term financial interests of the Company and its
Affiliates by (a) attracting and retaining personnel, (b) motivating personnel
by means of growth-related incentives, (c) providing incentive compensation
opportunities that are competitive with those of other major corporations and
(d) furthering the identity of interests of participants with those of the
stockholders of the Company.

     2. Definitions. The following definitions are applicable to the Plan:

     (a) "Affiliate" means (i) any subsidiary and (ii) any other entity in which
the Company has a direct or indirect equity interest which is designated an
"Affiliate" by the Committee.

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

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

     (d) "Committee" means the Compensation Committee or other committee of the
Board of Directors which, pursuant to Section 3, has authority to administer the
Plan.

     (e) "Common Stock" means Common Stock, par value $.01 per share, of the
Company.

     (f) "Company" means AptarGroup, Inc., a Delaware corporation, and its
successors.

     (g) "eligible employee" means any employee of the Company or an Affiliate.

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

     (i) "Market Value" on any date means the closing price of Common Stock on
the New York Stock Exchange on that date (or, if such date is not a trading
date, on the next preceding date which was a trading date).

     (j) "participant" means any employee of the Company or an Affiliate who has
been granted an award pursuant to the Plan.

     (k) "Rule 16b-3" means such rule adopted under the Securities Exchange Act
of 1934, as amended, or any successor rule.

     (l) "subsidiary" means any corporation fifty percent or more of the voting
stock of which is owned, directly or indirectly, by the Company.

     (m) "whole Board of Directors" means the total number of directors which
the Company would have on the Board of Directors if there were no vacancies.

     3. Administration. The Plan shall be administered by the Compensation
Committee of the Board of Directors or, if directors constituting not less than
seventy percent (70%) of the whole Board of Directors so determine, by another
committee consisting of not less than two (2) members of the Board of Directors.
A majority of the Committee shall constitute a quorum and the acts of a majority
of the members present at any meeting at which a quorum is present, or actions
approved in writing by all members of the Committee, shall constitute the acts
of the Committee.

                                     10.3-1
<PAGE>

     Subject to the limitations of the Plan, the Committee shall have full
authority and discretion: (1) to select participants, (2) to make grants of
stock options in such forms and amounts as it shall determine, (3) to impose
such limitations, restrictions and conditions upon such options as it shall deem
appropriate, (4) to approve the forms to carry out the purposes and provisions
of the Plan, (5) to interpret the Plan and to adopt, amend and rescind
administrative guidelines and other rules and regulations relating to the Plan,
(6) to correct any defect or omission or to reconcile any inconsistency in the
Plan or in any option granted hereunder and (7) to make all other determinations
and to take all other actions necessary or advisable for the implementation and
administration of the Plan. Notwithstanding the foregoing, except for any
adjustment pursuant to Section 6(b), the Committee shall not have authority to
reprice any stock option granted hereunder.

     The Committee's determinations on matters within its authority shall be
final, binding and conclusive. The Committee may, to the extent that any such
action will not prevent an option from complying with Rule 16b-3, delegate any
of its authority hereunder to such persons as it deems appropriate.

     4. Shares Subject to Plan. Subject to adjustment as provided in Section
6(b), 3,800,000 shares of Common Stock shall be available for the grant of stock
options under the Plan, reduced by the sum of the aggregate number of shares of
Common Stock which become subject to outstanding options. To the extent that
shares of Common Stock subject to an outstanding option are not issued or
delivered by reason of the expiration, termination, cancellation or forfeiture
of such option, then such shares of Common Stock shall again be available under
the Plan. Shares of Common Stock available under the Plan may be treasury shares
reacquired by the Company or authorized and unissued shares, or a combination of
both.

     To the extent required by Section 162(m) of the Code and the rules and
regulations thereunder, the maximum number of shares of Common Stock with
respect to which options may be granted during any calendar year to any person
shall be 500,000, subject to adjustment as provided in Section 6(b).

     5. Awards. The Committee may grant stock options to eligible employees in
accordance with this Section 4 and the other provisions of the Plan.

     (a) Options granted under the Plan may be incentive stock options ("ISOs")
within the meaning of Section 422 of the Code or any successor provision, or in
such other form consistent with the Plan, as the Committee may determine; except
that, so long as so provided in such Section 422, no ISO may be granted under
the Plan to any employee of an Affiliate which is not a subsidiary corporation
(as such term is used in subsection (b) of Section 422 of the Code) of the
Company.

     (b) The option price per share of Common Stock shall be fixed by the
Committee at not less than 100% of Market Value on the date of grant, but in no
event shall the option price be less than the par value per share.

     (c) Each option shall be exercisable at such time or times as the Committee
shall determine at or subsequent to grant, provided that no option shall be
exercised later than 10 years after its date of grant.

     (d) An option may be exercised (1) by giving written notice to the Company
specifying the number of whole shares of Common Stock to be purchased and
accompanied by payment therefor in full (or arrangement made for such payment to
the Company's satisfaction) either (A) in cash, (B) in cash delivered by a
broker-dealer acceptable to the Company to whom the optionee has submitted an
irrevocable notice of exercise, (C) by delivery of previously owned whole shares
of Common Stock (for which the optionee has good title, free and clear of all
liens and encumbrances) having a Market Value, determined as of the date of
exercise, equal to the aggregate purchase price payable by reason of such
exercise, or (D) a combination of (A) and (C), in each case to the extent set
forth in the agreement relating to the option and (2) by executing such
documents as the Company may reasonably request. The Committee shall have sole
discretion to disapprove of an election pursuant to clauses (B), (C) or (D),
except that the Committee may not disapprove of an election made by a
participant subject to Section 16 of the Exchange Act. No certificate
representing Common Stock shall be delivered until the full purchase price
therefor has been paid (or arrangement made for such payment to the Company's
satisfaction).

                                     10.3-2
<PAGE>

     6. Miscellaneous Provisions.

     (a) Nontransferability. No option shall be transferable other than (i) by
will or the laws of descent and distribution or pursuant to beneficiary
designation procedures approved by the Company or (ii) as otherwise permitted as
set forth in the agreement relating to such option. Except to the extent
permitted by the foregoing sentence, each option may be exercised during the
participant's lifetime only by the participant or the participant's legal
representative or similar person. Except as permitted by the second preceding
sentence, no option shall be sold, transferred, assigned, pledged, hypothecated,
encumbered or otherwise disposed of (whether by operation of law or otherwise)
or be subject to execution, attachment or similar process. Upon any attempt to
so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of
any option, such option and all rights thereunder shall immediately become null
and void.

     (b) Adjustments. In the event of any stock split, stock dividend,
recapitalization, reorganization, merger, consolidation, combination, exchange
of shares, liquidation, spin-off or other similar change in capitalization or
event, or any distribution to holders of Common Stock other than a cash
dividend, the number and class of securities available under the Plan, the
maximum number of shares available for grants of options to any person, the
number and class of securities subject to each outstanding option and the
purchase price per security shall be appropriately adjusted by the Committee,
such adjustments to be made in the case of outstanding options without an
increase in the aggregate purchase price; provided, however, that in the event
of a cash dividend, other than a regular cash dividend, the Committee shall have
the discretion to make any or all of the foregoing adjustments. The decision of
the Committee regarding any such adjustment shall be final, binding and
conclusive. If any such adjustment would result in a fractional security being
(i) available under the Plan, such fractional security shall be disregarded, or
(ii) subject to an option, the Company shall pay the holder of such option, in
connection with the first exercise of such option in whole or in part after such
adjustment, an amount in cash determined by multiplying (1) the fraction of such
security (rounded to the nearest hundredth) by (2) the excess, if any, of (A)
the Market Value on the exercise date over (B) the exercise price of such
option.

     (c) Tax Withholding. The Company shall have the right to require, prior to
the issuance or delivery of any shares of Common Stock upon the exercise of an
option, payment by the holder of such option of any Federal, state, local or
other taxes which may be required to be withheld or paid in connection with the
exercise of such option. An agreement relating to an option may provide that (1)
the Company shall withhold cash or whole shares of Common Stock which would
otherwise be delivered upon exercise of the option having, in the case of Common
Stock, an aggregate Market Value determined as of the date the obligation to
withhold or pay taxes arises in connection with the exercise of such option (the
"Tax Date") in the amount necessary to satisfy any such obligation or (2) the
holder of the option may satisfy any such obligation by any of the following
means: (A) a cash payment to the Company, (B) a cash payment by a broker-dealer
acceptable to the Company to whom the optionee has submitted an irrevocable
notice of exercise, (C) delivery to the Company of previously owned whole shares
of Common Stock (for which the holder has good title, free and clear of all
liens and encumbrances) having an aggregate Market Value determined as of the
Tax Date, equal to the amount necessary to satisfy any such obligation, (D)
authorizing the Company to withhold whole shares of Common Stock which would
otherwise be delivered upon exercise of the option having an aggregate Market
Value determined as of the Tax Date, equal to the amount necessary to satisfy
any such obligation, (E) any combination of (A) and (C), in each case to the
extent set forth in the agreement relating to the option; provided, however,
that the Committee shall have sole discretion to disapprove of an election
pursuant to clauses (B) through (E), except that the Committee may not
disapprove of an election made by a participant subject to Section 16 of the
Exchange Act. Shares of Common Stock to be delivered or withheld may not have an
aggregate Market Value in excess of the minimum amount required to be withheld.
Any fraction of a share of Common Stock which would be required to satisfy such
an obligation shall be disregarded and the remaining amount due shall be paid in
cash by the holder.

                                     10.3-3
<PAGE>

     (d) Listing and Legal Compliance. The Committee may suspend the exercise or
payment of any award if it determines that securities exchange listing or
registration or qualification under any securities laws is required in
connection therewith and has not been completed on terms acceptable to the
Committee

     (e) Beneficiary Designation. To the extent permitted by the Company,
participants may name, from time to time, beneficiaries (who may be named
contingently or successively) to whom benefits under the Plan are to be paid in
the event of their death before they receive any or all of such benefits. Each
designation will revoke all prior designations by the same participant, shall be
in a form prescribed by the Company, and will be effective only when filed by
the participant in writing with the Company during the participant's lifetime.
In the absence of any such designation, benefits remaining unpaid at a
participant's death shall be paid to the participant's estate.

     (f) Rights of Participants. Nothing in the Plan shall interfere with or
limit in any way the right of the Company or any Affiliate to terminate any
participant's employment at any time, nor confer upon any participant any right
to continue in the employ of the Company or any Affiliate for any period of time
or to continue his or her present or any other rate of compensation. No employee
shall have a right to be selected as a participant, or, having been so selected,
to be selected again as a participant.

     (g) Amendment. The Board of Directors, through a resolution adopted by
directors constituting at least seventy percent (70%) of the whole Board of
Directors, may amend the Plan as it shall deem advisable, subject to any
requirement of stockholder approval required by applicable law, rule or
regulation, including Section 162(m) of the Code. No amendment may impair the
rights of a holder of an outstanding option without the consent of such holder.

     7. Effective Date and Term of Plan. The Plan shall be submitted to the
stockholders of the Company for approval and, if approved by the affirmative
vote of a majority of the shares of Common Stock present in person or
represented by proxy at a meeting of stockholders, shall become effective on the
date of such approval. In the event that the Plan is not approved by the
stockholders of the Company, the Plan and any outstanding options shall be null
and void. The Plan shall terminate ten years after its effective date, unless
terminated earlier by the Board of Directors through a resolution adopted by
directors constituting at least seventy percent (70%) of the whole Board of
Directors. Termination of the Plan shall not affect the terms or conditions of
any award granted prior to termination.

As adopted by the Board of Directors on February 28, 2008

                                     10.3-4

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