Document:

Exhibit
      10.1

     

    PURE
      VANILLA EXCHANGE, INC.

    

    2007
      INCENTIVE PLAN 

    

     

    1. Purposes
      of the Plan.
      The
      purposes of this Plan are to attract and retain the best available personnel
      for
      positions of substantial responsibility, to provide additional incentive to
      Employees and Consultants and to promote the success of the Company’s business.
      Options granted under the Plan may be Incentive Stock Options or Nonstatutory
      Stock Options, as determined by the Administrator at the time of grant. Stock
      Purchase Rights and Restricted Stock Units may also be granted under the Plan.
      

     

    2.
       Definitions.
      As used
      herein, the following definitions shall apply: 

     

    (a) “Administrator”
means
      the Board or any of its Committees as shall be administering the Plan in
      accordance with Section 4 hereof. 

     

    (b) “Applicable
      Laws”
means
      the requirements relating to the administration of equity-based awards under
      U.S. state corporate laws, U.S. federal and state securities laws, the Code,
      any
      stock exchange or quotation system on which the Common Stock is listed or quoted
      and the applicable laws of any other country or jurisdiction where Awards are
      granted under the Plan. 

     

    (c) “Award”
means,
      individually or collectively, a grant under the Plan of Options, Stock Purchase
      Rights, or Restricted Stock Units as the Administrator may determine.

     

    (d) “Award
      Agreement”
means
      the written or electronic agreement setting forth the terms and provisions
      applicable to each Award granted under the Plan, including an Option Agreement.
      The Award Agreement is subject to the terms and conditions of the Plan.

     

    (e) “Board”
means
      the Board of Directors of the Company. 

     

    (f)
       “Change
      in Control”
means
      the occurrence of any of the following events:

     

    (i) Any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
      and such person’s affiliate (as defined in Rule 12b-2 promulgated pursuant to of
      the Exchange Act) become the “beneficial owner” (as defined in Rule 13d-3
      promulgated pursuant to the Exchange Act), directly or indirectly, in a single
      transaction or a series of related transaction, of securities of the Company
      representing fifty percent (50%) or more of the total voting power represented
      by the Company’s then outstanding voting securities, except that any change in
      the beneficial ownership of the securities of the Company as a result of a
      private financing of the Company that is approved by the Board shall not be
      deemed to be a Change in Control unless as a consequence of such transaction
      the
      acquirer of such beneficial ownership appoints or obtains the right to appoint
      a
      majority of the members of the Board; or 

     

    
      
        
        

      

      
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    (ii) The
      consummation of the sale or disposition by the Company of all or substantially
      all of the Company’s assets or the sale or disposition by the Company of any
      material portions of its assets that result in a fundamental change in the
      nature of the Company’s business or in the manner in which it conducts its
      business; or 

     

    (iii) The
      consummation of a merger or consolidation of the Company with any other
      corporation or entity, other than a merger or consolidation which would result
      in the voting securities of the Company outstanding immediately prior thereto
      continuing to represent (either by remaining outstanding or by being converted
      into voting securities of the surviving entity or its parent) at least fifty
      percent (50%) of the total voting power represented by the voting securities
      of
      the Company or such surviving entity or its parent outstanding immediately
      after
      such merger or consolidation; or 

     

    (iv) The
      election of Directors comprising a majority of the Board if such persons were
      not members of the Board immediately prior to such election, provided that
      their
      election as Directors is the consequence of a proxy contest or similar action
      imitated by persons who were neither officers nor Directors of the Company
      when
      such action was initiated.

     

    (g) “Code”
means
      the Internal Revenue Code of 1986, as amended. Any reference to a section of
      the
      Code herein will be a reference to any successor or amended section of the
      Code.

     

    (h) “Committee”
means
      a
      committee of Directors or of other individuals satisfying Applicable Laws
      appointed by the Board in accordance with Section 4 hereof. 

     

    (i) “Common
      Stock”
means
      the Common Stock of the Company.  

     

    (j) “Company”
means
      Pure Vanilla eXchange, Inc, a Nevada corporation. 

     

    (k) “Consultant”
means
      any person who is engaged by the Company or any Parent or Subsidiary to render
      consulting or advisory services to such entity. 

     

    (l) “Director”
means
      a
      member of the Board. 

     

    (m) “Disability”
means
      total and permanent disability as defined in Section 22(e)(3) of the Code.
      

     

    (n) “Employee”
means
      any person employed by the Company, any Parent or Subsidiary of the Company.
      Neither service as a Director nor payment of a director’s fee by the Company
      shall be sufficient to constitute “employment” by the Company. 

     

    (o) “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended. 

     

    
      
        
        

      

      
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    (p) “Exchange
      Program”
means
      a
      program under which (a) outstanding Awards are surrendered or cancelled in
      exchange for Awards of the same type (which may have lower exercise prices
      and
      different terms), Awards of a different type, and/or cash, and/or (b) the
      exercise price of an outstanding Award is reduced. The terms and conditions
      of
      any Exchange Program will be determined by the Administrator in its sole
      discretion. 

     

    (q) “Fair
      Market Value”
means,
      as of any date, the value of Common Stock determined as follows: 

     

    (i) If
      the
      Common Stock is listed on any established stock exchange or a national market
      system, including without limitation the Nasdaq Global Market, the Nasdaq Global
      Select Market, or The Nasdaq Capital Market of The Nasdaq Stock Market, its
      Fair
      Market Value shall be the closing sales price for such stock (or the closing
      bid, if no sales were reported) as quoted on such exchange or system on the
      day
      of determination, as reported in The
      Wall Street Journal
      or such
      other source as the Administrator deems reliable; 

     

    (ii) If
      the
      Common Stock is regularly quoted by a recognized securities dealer but selling
      prices are not reported, its Fair Market Value shall be the mean between the
      high bid and low asked prices for the Common Stock on the day of determination;
      or 

     

    (iii) In
      the
      absence of an established market for the Common Stock, the Fair Market Value
      thereof shall be determined in good faith by the Administrator. 

     

    (r) “Fully
      Diluted Number of Shares of Common Stock”
means
      the number of shares of Common Stock outstanding at the relevant time, assuming
      the exercise of all outstanding options and warrants that are exercisable to
      purchase shares of Common Stock, whether or not then vested or exercisable,
      and
      the exercise of all conversion and other rights to purchase shares of Common
      Stock, whether or not then.

     

    (r) “Incentive
      Stock Option”
means
      an Option intended to qualify as an incentive stock option within the meaning
      of
      Section 422 of the Code. 

     

    (s) “Nonstatutory
      Stock Option”
means
      an Option not intended to qualify as an Incentive Stock Option. 

     

    (t) “Option”
means
      a
      stock option granted pursuant to the Plan. 

     

    (u) “Option
      Agreement”
means
      a
      written or electronic agreement between the Company and an Optionee evidencing
      the terms and conditions of an individual Option grant. The Option Agreement
      is
      subject to the terms and conditions of the Plan. 

     

    (v) “Optioned
      Stock”
means
      the Common Stock subject to an Award. 

     

    
      
        
        

      

      
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    (w) “Optionee”
means
      the holder of an outstanding Option or Stock Purchase Right granted under the
      Plan. 

     

    (x) “Parent”
means
      a
“parent corporation,” whether now or hereafter existing, as defined in Section
      424(e) of the Code. 

     

    (y) “Participant”
means
      the holder of an outstanding Award, including an Optionee. 

     

    (z) “Plan”
means
      this 2007 Incentive Plan. 

     

    (aa) “Restricted
      Stock”
means
      Shares issued pursuant to a Stock Purchase Right or Shares of restricted stock
      issued pursuant to an Option. 

     

    (bb) “Restricted
      Stock Purchase Agreement”
means
      a
      written or electronic agreement between the Company and the Participant
      evidencing the terms and restrictions applying to Shares purchased under a
      Stock
      Purchase Right. The Restricted Stock Purchase Agreement is subject to the terms
      and conditions of the Plan and the notice of grant. 

     

    (cc) “Restricted
      Stock Unit”
means
      a
      bookkeeping entry representing an amount equal to the Fair Market Value of
      one
      Share, granted pursuant to Section 12. Each Restricted Stock Unit represents
      an
      unfunded and unsecured obligation of the Company. 

     

    (dd) “Securities
      Act”
means
      the Securities Act of 1933, as amended. 

     

    (ee) “Service
      Provider”
means
      an Employee, an employee of any entity in which the Company owns an equity
      interest or a Consultant. 

     

    (ff) “Share”
means
      a
      share of the Common Stock, as adjusted in accordance with Section 14 below.
      

     

    (gg) “Stock
      Purchase Right”
means
      a
      right to purchase Common Stock pursuant to Section 11 below. 

     

    (hh) “Subsidiary”
means
      a
“subsidiary corporation,” whether now or hereafter existing, as defined in
      Section 424(f) of the Code. 

     

    3.  Stock
      Subject to the Plan.
      Subject
      to the provisions of Section 14 of the Plan, the maximum aggregate number of
      Shares that may be subject to Awards and sold under the Plan at any time is
      the
      greater of (a) fifteen percent (15%) of the Fully Diluted Number of Shares
      of
      Common Stock outstanding at that time and (b) 17,500,000. The Shares may be
      authorized but unissued, or reacquired Common Stock. 

     

    If
      an
      Award expires or becomes unexercisable without having been exercised in full,
      or
      is surrendered pursuant to an Exchange Program, the unpurchased Shares that
      were
      subject thereto shall become available for future grant or sale under the Plan
      (unless the Plan has terminated). However, Shares that have actually been issued
      under the Plan, upon exercise of an Award, shall not be returned to the Plan
      and
      shall not become available for future distribution under the Plan, except that
      if unvested Shares of Restricted Stock or Shares acquired pursuant to Restricted
      Stock Units are forfeited to or repurchased by the Company, such Shares shall
      become available for future grant under the Plan. 

     

    
      
        
        

      

      
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    4. Administration
      of the Plan.
      

     

    (a) Administrator.
      The
      Plan shall be administered by the Board or a Committee appointed by the Board,
      which Committee shall be constituted to comply with Applicable Laws.

     

    (b) Powers
      of the Administrator.
      Subject
      to the provisions of the Plan and, in the case of a Committee, the specific
      duties delegated by the Board to such Committee, and subject to the approval
      of
      any relevant authorities, the Administrator shall have the authority in its
      discretion: 

     

    (i) to
      determine the Fair Market Value; 

     

    (ii) to
      select
      the Service Providers to whom Awards may from time to time be granted hereunder;
      

     

    (iii) to
      determine the number of Shares to be covered by each such Award granted
      hereunder; 

     

    (iv) to
      approve forms of agreement for use under the Plan; 

     

    (v) to
      determine the terms and conditions of any Award granted hereunder. Such terms
      and conditions include, but are not limited to, the exercise price, the time
      or
      times when Awards may be exercised (which may be based on performance criteria),
      any vesting acceleration or waiver of forfeiture restrictions, and any
      restriction or limitation regarding any Award or the Common Stock relating
      thereto, based in each case on such factors as the Administrator, in its sole
      discretion, shall determine; 

     

    (vi) to
      institute an Exchange Program; 

     

    (vii) to
      prescribe, amend and rescind rules and regulations relating to the Plan,
      including rules and regulations relating to sub-plans established for the
      purpose of satisfying applicable foreign laws; 

     

    (viii) to
      allow
      Participants to satisfy withholding tax obligations by electing to have the
      Company withhold from the Shares to be issued upon exercise of an Award that
      number of Shares having a Fair Market Value equal to the minimum amount required
      to be withheld. The Fair Market Value of the Shares to be withheld shall be
      determined on the date that the amount of tax to be withheld is to be
      determined. All elections by Participants to have Shares withheld for this
      purpose shall be made in such form and under such conditions as the
      Administrator may deem necessary or advisable; and 

     

    
      
        
        

      

      
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    (ix) to
      construe and interpret the terms of the Plan and Awards granted pursuant to
      the
      Plan. 

     

    (c) Effect
      of Administrator’s Decision.
      All
      decisions, determinations and interpretations of the Administrator shall be
      final and binding on all Participants. 

     

    5. Eligibility.
      Nonstatutory Stock Options, Stock Purchase Rights, and Restricted Stock Units
      may be granted to Service Providers. Incentive Stock Options may be granted
      only
      to Employees. 

     

    6.
       Limitations.
      

     

    (a)
       Incentive
      Stock Option Limit.
      Each
      Option shall be designated in the Option Agreement as either an Incentive Stock
      Option or a Nonstatutory Stock Option. However, notwithstanding such
      designation, to the extent that the aggregate Fair Market Value of the Shares
      with respect to which Incentive Stock Options are exercisable for the first
      time
      by the Participant during any calendar year (under all plans of the Company
      and
      any Parent or Subsidiary) exceeds $100,000, such Options shall be treated as
      Nonstatutory Stock Options. For purposes of this Section 6(a), Incentive Stock
      Options shall be taken into account in the order in which they were granted.
      The
      Fair Market Value of the Shares shall be determined as of the time the Option
      with respect to such Shares is granted. 

     

    (b)
       At-Will
      Employment.
      Neither
      the Plan nor any Award shall confer upon any Participant any right with respect
      to continuing the Participant’s relationship as a Service Provider with the
      Company or any Subsidiary or Parent of the Company, nor shall it interfere
      in
      any way with his or her right or the Company’s right to terminate such
      relationship at any time, with or without cause, and with or without notice.
      

     

    7.
       Term
      of Plan.
      Subject
      to stockholder approval in accordance with Section 20, the Plan shall become
      effective upon its adoption by the Board. Unless sooner terminated under Section
      16, it shall continue in effect for a term of ten (10) years from the later
      of
      (i) the effective date of the Plan, or (ii) the earlier of the most recent
      Board
      or stockholder approval of an increase in the number of Shares reserved for
      issuance under the Plan. 

     

    8.
       Term
      of Option.
      The
      term of each Option shall be stated in the Option Agreement; provided, however,
      that the term shall be no more than ten (10) years from the date of grant
      thereof. In the case of an Incentive Stock Option granted to an Participant
      who,
      at the time the Option is granted, owns stock representing more than ten percent
      (10%) of the voting power of all classes of stock of the Company or any Parent
      or Subsidiary, the term of the Option shall be five (5) years from the date
      of
      grant or such shorter term as may be provided in the Option Agreement.

     

    9.
       Option
      Exercise Price and Consideration.
      

     

    (a)
       Exercise
      Price.
      The per
      share exercise price for the Shares to be issued upon exercise of an Option
      shall be such price as is determined by the Administrator, but shall be subject
      to the following: 

     

    
      
        
        

      

      
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    (i)
       In
      the
      case of an Incentive Stock Option 

     

    (1)
       granted
      to an Employee who, at the time of grant of such Option, owns stock representing
      more than ten percent (10%) of the voting power of all classes of stock of
      the
      Company or any Parent or Subsidiary, the exercise price shall be no less than
      110% of the Fair Market Value per Share on the date of grant. 

     

    (2)
       granted
      to any other Employee, the per Share exercise price shall be no less than 100%
      of the Fair Market Value per Share on the date of grant. 

     

    (ii)
       In
      the
      case of a Nonstatutory Stock Option 

     

    (1)
       granted
      to a Service Provider who, at the time of grant of such Option, owns stock
      representing more than ten percent (10%) of the voting power of all classes
      of
      stock of the Company or any Parent or Subsidiary, the exercise price shall
      be no
      less than 110% of the Fair Market Value per Share on the date of grant.

     

    (2)
       granted
      to any other Service Provider, the per Share exercise price shall be no less
      than 85% of the Fair Market Value per Share on the date of grant. 

     

    (iii)
       Notwithstanding
      the foregoing, Options may be granted with a per Share exercise price other
      than
      as required above in accordance with and pursuant to a transaction described
      in
      Section 424 of the Code. 

     

    (b)
       Forms
      of Consideration.
      The
      consideration to be paid for the Shares to be issued upon exercise of an Option,
      including the method of payment, shall be determined by the Administrator (and,
      in the case of an Incentive Stock Option, shall be determined at the time of
      grant). Such consideration may consist of, without limitation, (1) cash, (2)
      check, (3) promissory note, (4) other Shares, provided such Shares are acquired
      directly from the Company (x) have been owned by the Participant, and not
      subject to a substantial risk of forfeiture, for more than six months on the
      date of surrender, and (y) have a Fair Market Value on the date of surrender
      equal to the aggregate exercise price of the Shares as to which such Option
      shall be exercised, (5) consideration received by the Company under a cashless
      exercise program implemented by the Company in connection with the Plan, or
      (6)
      any combination of the foregoing methods of payment. In making its determination
      as to the type of consideration to accept, the Administrator shall consider
      if
      acceptance of such consideration may be reasonably expected to benefit the
      Company. 

     

    10.  Exercise
      of Option.
      

     

    (a)
       Procedure
      for Exercise; Rights as a Stockholder.
      Any
      Option granted hereunder shall be exercisable according to the terms hereof
      at
      such times and under such conditions as determined by the Administrator and
      set
      forth in the Option Agreement. An Option may not be exercised for a fraction
      of
      a Share. Except in the case of Options granted to officers, Directors and
      Consultants, Options shall become exercisable at a rate of no less than 20%
      per
      year over five (5) years from the date the Options are granted. 

     

    
      
        
        

      

      
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    An
      Option
      shall be deemed exercised when the Company receives (i) written or electronic
      notice of exercise (in accordance with the Option Agreement) from the person
      entitled to exercise the Option, and (ii) full payment for the Shares with
      respect to which the Option is exercised. Full payment may consist of any
      consideration and method of payment authorized by the Administrator and
      permitted by the Option Agreement and the Plan. Shares issued upon exercise
      of
      an Option shall be issued in the name of the Participant or, if requested by
      the
      Participant, in the name of the Participant and his or her spouse. Until the
      Shares are issued (as evidenced by the appropriate entry on the books of the
      Company or of a duly authorized transfer agent of the Company), no right to
      vote
      or receive dividends or any other rights as a stockholder shall exist with
      respect to the Shares, notwithstanding the exercise of the Option. The Company
      shall issue (or cause to be issued) such Shares promptly after the Option is
      exercised. No adjustment will be made for a dividend or other right for which
      the record date is prior to the date the Shares are issued, except as provided
      in Section 14 of the Plan. 

     

    Exercise
      of an Option in any manner shall result in a decrease in the number of Shares
      thereafter available, both for purposes of the Plan and for sale under the
      Option, by the number of Shares as to which the Option is exercised.

     

    (b)
       Termination
      of Relationship as a Service Provider.
      If a
      Participant ceases to be a Service Provider, such Participant may exercise
      his
      or her Option within thirty (30) days of termination, or such longer period
      of
      time as specified in the Option Agreement, to the extent that the Option is
      vested on the date of termination (but in no event later than the expiration
      of
      the term of the Option as set forth in the Option Agreement). Unless the
      Administrator provides otherwise, if on the date of termination the Participant
      is not vested as to his or her entire Option, the Shares covered by the unvested
      portion of the Option shall revert to the Plan. If, after termination, the
      Participant does not exercise his or her Option within the time specified by
      the
      Administrator, the Option shall terminate, and the Shares covered by such Option
      shall revert to the Plan. 

     

    (c)
       Disability
      of Participant.
      If a
      Participant ceases to be a Service Provider as a result of the Participant’s
      Disability, the Participant may exercise his or her Option within six (6) months
      of termination, or such longer period of time as specified in the Option
      Agreement, to the extent the Option is vested on the date of termination (but
      in
      no event later than the expiration of the term of such Option as set forth
      in
      the Option Agreement). Unless the Administrator provides otherwise, if on the
      date of termination the Participant is not vested as to his or her entire
      Option, the Shares covered by the unvested portion of the Option shall revert
      to
      the Plan. If, after termination, the Participant does not exercise his or her
      Option within the time specified herein, the Option shall terminate, and the
      Shares covered by such Option shall revert to the Plan. 

     

    
      
        
        

      

      
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    (d)
       Death
      of Participant.
      If a
      Participant dies while a Service Provider, the Option may be exercised within
      six (6) months following Participant’s death, or such longer period of time as
      specified in the Option Agreement, to the extent that the Option is vested
      on
      the date of death (but in no event later than the expiration of the term of
      such
      Option as set forth in the Option Agreement) by the Participant’s designated
      beneficiary, provided such beneficiary has been designated prior to
      Participant’s death in a form acceptable to the Administrator. If no such
      beneficiary has been designated by the Participant, then such Option may be
      exercised by the personal representative of the Participant’s estate or by the
      person(s) to whom the Option is transferred pursuant to the Participant’s will
      or in accordance with the laws of descent and distribution. If, at the time
      of
      death, the Participant is not vested as to his or her entire Option, the Shares
      covered by the unvested portion of the Option shall immediately revert to the
      Plan. If the Option is not so exercised within the time specified herein, the
      Option shall terminate, and the Shares covered by such Option shall revert
      to
      the Plan. 

     

    (e)
       Leaves
      of Absence.
      

     

    (i)
       Unless
      the Administrator provides otherwise, vesting of Options granted hereunder
      to
      officers and Directors shall be suspended during any unpaid leave of
      absence.

     

    (ii)
       A
      Service
      Provider shall not cease to be an Employee in the case of (A) any leave of
      absence approved by the Company or (B) transfers between locations of the
      Company or between the Company, its Parent, any Subsidiary, or any successor.
      

     

    (iii)
       For
      purposes of Incentive Stock Options, no such leave may exceed ninety (90) days,
      unless reemployment upon expiration of such leave is guaranteed by statute
      or
      contract. If reemployment upon expiration of a leave of absence approved by
      the
      Company is not so guaranteed, then three (3) months following the 91st day
      of
      such leave, any Incentive Stock Option held by the Participant shall cease
      to be
      treated as an Incentive Stock Option and shall be treated for tax purposes
      as a
      Nonstatutory Stock Option. 

     

    11.
       Stock
      Purchase Rights.
      

     

    (a)
       Rights
      to Purchase.
      Stock
      Purchase Rights may be issued either alone, in addition to, or in tandem with
      other awards granted under the Plan and/or cash awards made outside of the
      Plan.
      After the Administrator determines that it will offer Stock Purchase Rights
      under the Plan, it shall advise the offeree in writing or electronically of
      the
      terms, conditions and restrictions related to the offer, including the number
      of
      Shares that such person shall be entitled to purchase, the price to be paid,
      and
      the time within which such person must accept such offer. The offer shall be
      accepted by execution of a Restricted Stock Purchase Agreement in the form
      determined by the Administrator. 

     

    (b)
       Repurchase
      Option.
      Unless
      the Administrator determines otherwise, the Restricted Stock Purchase Agreement
      shall grant the Company a repurchase option exercisable within 90 days of the
      voluntary or involuntary termination of the purchaser’s service with the Company
      for any reason (including death or disability). Unless the Administrator
      provides otherwise, the purchase price for Shares repurchased pursuant to the
      Restricted Stock Purchase Agreement shall be the original price paid by the
      purchaser and may be paid by cancellation of any indebtedness of the purchaser
      to the Company. The repurchase option shall lapse at such rate as the
      Administrator may determine. Except with respect to Shares purchased by
      officers, Directors and Consultants, the repurchase option shall in no case
      lapse at a rate of less than 20% per year over five (5) years from the date
      of
      purchase. 

     

    
      
        
        

      

      
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    (c)
       Other
      Provisions.
      The
      Restricted Stock Purchase Agreement shall contain such other terms, provisions
      and conditions not inconsistent with the Plan as may be determined by the
      Administrator in its sole discretion. 

     

    (d)
       Rights
      as a Stockholder.
      Once
      the Stock Purchase Right is exercised, the purchaser shall have rights
      equivalent to those of a stockholder and shall be a stockholder when his or
      her
      purchase is entered upon the records of the duly authorized transfer agent
      of
      the Company. No adjustment shall be made for a dividend or other right for
      which
      the record date is prior to the date the Stock Purchase Right is exercised,
      except as provided in Section 14 of the Plan. 

     

    12.
       Restricted
      Stock Units.
      

     

    (a)
       Grant.
      Restricted Stock Units may be granted at any time and from time to time as
      determined by the Administrator. Each Restricted Stock Unit grant will be
      evidenced by an Award Agreement that will specify such other terms and
      conditions as the Administrator, in its sole discretion, will determine,
      including all terms, conditions, and restrictions related to the grant, the
      number of Restricted Stock Units and the form of payout, which, subject to
      Section 12(d), may be left to the discretion of the Administrator. 

     

    (b)
       Vesting
      Criteria and Other Terms.
      The
      Administrator will set vesting criteria in its discretion, which, depending
      on
      the extent to which the criteria are met, will determine the number of
      Restricted Stock Units that will be paid out to the Participant. After the
      grant
      of Restricted Stock Units, the Administrator, in its sole discretion, may reduce
      or waive any restrictions for such Restricted Stock Units. Each Award of
      Restricted Stock Units will be evidenced by an Award Agreement that will specify
      the vesting criteria, and such other terms and conditions as the Administrator,
      in its sole discretion, will determine.

     

    (c)
       Earning
      Restricted Stock Units.
      Upon
      meeting the applicable vesting criteria, the Participant will be entitled to
      receive a payout as specified in the Award Agreement. Notwithstanding the
      foregoing, at any time after the grant of Restricted Stock Units, the
      Administrator, in its sole discretion, may reduce or waive any vesting criteria
      that must be met to receive a payout.

     

    (d)
       Form
      and Timing of Payment.
      Payment
      of earned Restricted Stock Units will be made as soon as practicable after
      the
      date(s) set forth in the Award Agreement. The Restricted Stock Units will be
      paid in Shares.

     

    (e)
       Cancellation.
      On the
      date set forth in the Award Agreement, all unearned Restricted Stock Units
      will
      be forfeited to the Company. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    13.
       Limited
      Transferability of Awards.
      Unless
      determined otherwise by the Administrator, Awards may not be sold, pledged,
      assigned, hypothecated, transferred, or disposed of in any manner other than
      by
      will or the laws of descent and distribution, and may be exercised during the
      lifetime of the Participant, only by the Participant. If the Administrator
      in
      its sole discretion makes an Award transferable, such Award may only be
      transferred (i) by will, (ii) by the laws of descent and distribution, or (iii)
      to family members (within the meaning of Rule 701 of the Securities Act) through
      gifts or domestic relations orders, as permitted by Rule 701 of the Securities
      Act. 

     

    14.
       Adjustments;
      Dissolution or Liquidation; Merger or Change in Control.
      

     

    (a)
       Adjustments.
      In the
      event that any dividend or other distribution (whether in the form of cash,
      Shares, other securities, or other property), recapitalization, stock split,
      reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
      combination, repurchase, or exchange of Shares or other securities of the
      Company, or other change in the corporate structure of the Company affecting
      the
      Shares occurs, the Administrator, in order to prevent diminution or enlargement
      of the benefits or potential benefits intended to be made available under the
      Plan, shall adjust the number and class of Shares that may be delivered under
      the Plan and/or the number, class, and price of Shares covered by each
      outstanding Award. 

     

    (b)
       Dissolution
      or Liquidation.
      In the
      event of the proposed dissolution or liquidation of the Company, the
      Administrator shall notify each Participant as soon as practicable prior to
      the
      effective date of such proposed transaction. To the extent it has not been
      previously exercised, an Award will terminate immediately prior to the
      consummation of such proposed action.

     

    (c)
       Merger
      or Change in Control.
      In the
      event of a merger of the Company with or into another corporation, the
      consolidation of the Company with another entity or the sale of all or
      substantially all of the assets of the Company to another entity, each
      outstanding Award will fully vest in and have the right to exercise all of
      his
      or her outstanding Options and Stock Purchase Rights, including Shares as to
      which such Awards would not otherwise be vested or exercisable, all restrictions
      on Restricted Stock will lapse, and all outstanding Restricted Stock Units
      will
      fully vest. The Administrator shall notify the Participant in writing or
      electronically that the Award shall be fully exercisable for a period of time
      as
      determined by the Administrator, and the Award shall terminate upon expiration
      of such period. If, following the applicable transaction, the option or right
      confers the right to purchase or receive, for each Share subject to the Award
      immediately prior to such transaction, the consideration (whether stock, cash,
      or other securities or property) received in such transaction by holders of
      Common Stock for each Share held on the effective date of the transaction (and
      if holders were offered a choice of consideration, the type of consideration
      chosen by the holders of a majority of the outstanding Shares); provided,
      however, that if such consideration received in such transaction is not solely
      common stock (or its equivalent) of the successor corporation or its Parent,
      the
      Administrator may, with the consent of the successor, provide for the
      consideration to be received upon the exercise of the Award, for each Share
      subject to the Award, to be solely common stock (or its equivalent) of the
      successor or its Parent equal in fair market value to the per share
      consideration received by holders of common stock in the applicable transaction.
      

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    15.
       Time
      of Granting Awards.
      The
      date of grant of an Award shall, for all purposes, be the date on which the
      Administrator makes the determination granting such Award, or such later date
      as
      is determined by the Administrator. Notice of the determination shall be given
      to each Service Provider to whom an Award is so granted within a reasonable
      time
      after the date of such grant. 

     

    16.
       Amendment
      and Termination of the Plan.
      

     

    (a)
       Amendment
      and Termination.
      The
      Board may at any time amend, alter, suspend or terminate the Plan. 

     

    (b) Stockholder
      Approval.
      The
      Board shall obtain stockholder approval of any Plan amendment to the extent
      necessary and desirable to comply with Applicable Laws. 

     

    (c)
       Effect
      of Amendment or Termination.
      No
      amendment, alteration, suspension or termination of the Plan shall impair the
      rights of any Participant, unless mutually agreed otherwise between the
      Participant and the Administrator, which agreement must be in writing and signed
      by the Participant and the Company. Termination of the Plan shall not affect
      the
      Administrator’s ability to exercise the powers granted to it hereunder with
      respect to Options granted under the Plan prior to the date of such termination.
      

     

    17.
       Conditions
      Upon Issuance of Shares.
      

     

    (a)
       Legal
      Compliance.
      Shares
      shall not be issued pursuant to the exercise of an Award unless the exercise
      of
      such Award and the issuance and delivery of such Shares shall comply with
      Applicable Laws and shall be further subject to the approval of counsel for
      the
      Company with respect to such compliance. 

     

    (b)
       Investment
      Representations.
      As a
      condition to the exercise of an Award, the Administrator may require the person
      exercising such Award to represent and warrant at the time of any such exercise
      that the Shares are being purchased only for investment and without any present
      intention to sell or distribute such Shares if, in the opinion of counsel for
      the Company, such a representation is required. 

     

    18.
       Inability
      to Obtain Authority.
      The
      inability of the Company to obtain authority from any regulatory body having
      jurisdiction, which authority is deemed by the Company’s counsel to be necessary
      to the lawful issuance and sale of any Shares hereunder, shall relieve the
      Company of any liability in respect of the failure to issue or sell such Shares
      as to which such requisite authority shall not have been obtained. 

     

    19.  Reservation
      of Shares.
      The
      Company, during the term of this Plan, shall at all times reserve and keep
      available such number of Shares as shall be sufficient to satisfy the
      requirements of the Plan. 

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    20.
       Stockholder
      Approval.
      The
      Plan shall be submitted to the stockholders of the Company for approval within
      twelve (12) months after the date the Plan is adopted. Such stockholder approval
      shall be obtained in the degree and manner required under Applicable Laws.
      

     

    21.
       Information
      to Participants.
      The
      Company shall provide to each Participant and to each individual who acquires
      Shares pursuant to the Plan, not less frequently than annually during the period
      such Participant has one or more Awards outstanding, and, in the case of an
      individual who acquires Shares pursuant to the Plan, during the period such
      individual owns such Shares, copies of annual financial statements. The Company
      shall not be required to provide such statements to key employees whose duties
      in connection with the Company assure their access to equivalent information.
      

     

     

     

    

    
      
        
        

      

      
        13THESE
      SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
      OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
      REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
      ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
      REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR
      TO
      SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
      COMPANY. 

     

    THIS
      WARRANT CONTAINS A MANDATORY EXERCISE PROVISION, PURSUANT TO WHICH THE HOLDER
      AGREES TO EXERCISE THE WARRANT IN FULL UPON THE OCCURRENCE OF CERTAIN EVENTS
      AS
      SET FORTH IN SECTION 3(e) BELOW. BY ACCEPTING THIS WARRANT THE HOLDER AGREES
      TO
      SUCH OBLIGATION. 

     

    

    COMMON
      STOCK PURCHASE WARRANT

    To
      Purchase up to __________
      Shares
      of Common Stock of

    UKARMA
      CORPORATION

    

    ______________,
      200__

    

    

    THIS
      COMMON STOCK PURCHASE WARRANT CERTIFIES that, for value received, _________________________
      (the
      “Holder”),
      is
      entitled, upon the terms and subject to the limitations on vesting and exercise
      and the conditions hereinafter set forth, at any time after the date hereof
      (the
“Initial
      Exercise Date”)
      and
      until five (5) years from such date (the “Termination
      Date”),
      but
      not thereafter, to subscribe for and purchase from UKARMA CORPORATION, a Nevada
      corporation (the “Company”),
      _____________ shares (the “Warrant
      Shares”)
      of
      Common Stock, par value $.001 per share, of the Company (the “Common
      Stock”).
      The
      purchase price of one share of Common Stock under this Warrant shall be ONE
      DOLLAR ($1.00) (the “Exercise
      Price”)
      subject to adjustment hereunder. The Exercise Price and the number of Warrant
      Shares for which the Warrant is exercisable shall be subject to adjustment
      as
      provided herein. 

     

    1. Title
      to Warrant.
      Prior
      to the Termination Date and subject to compliance with applicable laws and
      Section 7 of this Warrant, this Warrant and all rights hereunder are
      transferable, in whole or in part, at the office or agency of the Company by
      the
      Holder in person or by duly authorized attorney, upon surrender of this Warrant
      together with the Assignment Form annexed hereto properly endorsed. The
      transferee shall sign an investment letter in form and substance reasonably
      satisfactory to the Company.

     

    2. Authorization
      of Shares.
      The
      Company covenants that all Warrant Shares which may be issued upon the exercise
      of the purchase rights represented by this Warrant will, upon exercise of the
      purchase rights represented by this Warrant, be duly authorized, validly issued,
      fully paid and nonassessable and free from all taxes, liens and charges in
      respect of the issue thereof (other than taxes in respect of any transfer
      occurring contemporaneously with such issue).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    3. Exercise
      of Warrant. 

     

    (a)
      Except as provided in Section 4 herein, exercise of the purchase rights
      represented by this Warrant that have vested may be made at any time or times
      on
      or after the Initial Exercise Date and on or before the Termination Date by
      the
      surrender of this Warrant and the Notice of Exercise Form annexed hereto duly
      executed, at the office of the Company (or such other office or agency of the
      Company as it may designate by notice in writing to the registered Holder at
      the
      address of such Holder appearing on the books of the Company) and upon payment
      of the Exercise Price of the shares thereby purchased by wire transfer or
      cashier’s check drawn on a United States bank, or
      by
      means of a cashless exercise pursuant to Section 3(c)the
      Holder shall be entitled to receive a certificate for the number of Warrant
      Shares so purchased. Certificates for shares purchased hereunder shall be
      delivered to the Holder within five (5) business days after the date on which
      this Warrant shall have been exercised as aforesaid. 

    

    (b)
      If
      this Warrant shall have been exercised in part, the Company shall, at the time
      of delivery of the certificate or certificates representing Warrant Shares,
      deliver to Holder a new Warrant evidencing the rights of Holder to purchase
      the
      unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
      in all other respects be identical with this Warrant. 

     

    (d)
      In
      case any Warrant Shares are issued upon the exercise in whole or in part of
      this
      Warrant or are thereafter transferred, in either case under such circumstances
      that no registration under the Securities Act is required, each certificate
      representing such shares shall bear on the face or reverse side thereof the
      following legend.

    

    THE
      SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER STATE
      SECURITIES LAWS, IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION PROVIDED UNDER
      THE ACT AND APPLICABLE STATE SECURITIES LAWS. NO TRANSFER OF THESE SECURITIES
      OR
      ANY INTEREST THEREIN MAY BE MADE EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
      STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR
      AN
      EXEMPTION THEREFROM.

    

    The
      Company, the holder hereof and each holder of Warrant Shares issuable upon
      the
      exercise hereof shall cooperate with each other in supplying such information
      as
      may be necessary for any of such parties to complete and file any information
      reporting forms presently or hereafter required by the Securities and Exchange
      Commission or any commissioner or other authority administering the blue sky
      or
      securities laws of any jurisdiction where Shares are proposed to be
      sold.

    

    (e) The
      Holder agrees that notwithstanding anything herein to the contrary, if (1)
      the
      Company’s common stock is publicly-traded on a national stock exchange, AMEX,
      NASDAQ or over-the-counter (OTC) and (2) the closing price for the Company’s
      common stock for 5 consecutive trading days is equal to or higher than ONE
      DOLLAR AND FIFTY CENTS ($1.50) (the foregoing items 1 and 2 are collectively
      referred to as the “Mandatory
      Exercise Conditions”),
      then
      and in such event the Holder shall be obligated to immediately exercise this
      Warrant in full (and shall tender the exercise price and purchase all of the
      stock issuable hereunder pursuant to the terms hereof) (the “Mandatory
      Exercise”).
      Without limiting the foregoing, upon the occurrence/satisfaction of the
      Mandatory Exercise Conditions, the Company may send the Holder a notice (the
      “Mandatory
      Exercise Notice”)
      informing the Holder of the satisfaction of the Mandatory Exercise Conditions
      (including the details thereof), and the Holder shall thereafter effect the
      Mandatory Exercise within ten (10) days following receipt of the Company’s
      Mandatory Exercise Notice. The Holder’s obligation to effect the Mandatory
      Exercise shall not be affected or lessened in any way in the event that the
      closing price for the Company’s common stock falls below one dollar and fifty
      cents ($1.50) after the occurrence/satisfaction of the Mandatory Exercise
      Conditions.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    4. No
      Fractional Shares or Scrip.
      No
      fractional shares or scrip representing fractional shares shall be issued upon
      the exercise of this Warrant. As to any fraction of a share which Holder would
      otherwise be entitled to purchase upon such exercise, the Company shall pay
      a
      cash adjustment in respect of such final fraction in an amount equal to such
      fraction multiplied by the Exercise Price.

     

    5. Charges,
      Taxes and Expenses.
      Issuance of certificates for Warrant Shares shall be made without charge to
      the
      Holder for any issue or transfer tax or other incidental expense in respect
      of
      the issuance of such certificate, all of which taxes and expenses shall be
      paid
      by the Company, and such certificates shall be issued in the name of the Holder
      or in such name or names as may be directed by the Holder; provided,
      however,
      that in
      the event certificates for Warrant Shares are to be issued in a name other
      than
      the name of the Holder, this Warrant when surrendered for exercise shall be
      accompanied by the Assignment Form attached hereto duly executed by the Holder;
      and the Company may require, as a condition thereto, the payment of a sum
      sufficient to reimburse it for any transfer tax incidental thereto.

     

    6. Closing
      of Books.
      The
      Company will not close its stockholder books or records in any manner which
      prevents the timely exercise of this Warrant, pursuant to the terms
      hereof.

     

    7. Transfer.
      

     

    (a)
      Subject to compliance with any applicable securities laws and the conditions
      set
      forth in Sections 1 and 7(c) hereof, this Warrant and all rights hereunder
      are
      transferable, in whole or in part, upon surrender of this Warrant at the
      principal office of the Company, together with a written assignment of this
      Warrant substantially in the form attached hereto duly executed by the Holder
      or
      its agent or attorney and funds sufficient to pay any transfer taxes payable
      upon the making of such transfer. Upon such surrender and, if required, such
      payment, the Company shall execute and deliver a new Warrant or Warrants in
      the
      name of the assignee or assignees and in the denomination or denominations
      specified in such instrument of assignment, and shall issue to the assignor
      a
      new Warrant evidencing the portion of this Warrant not so assigned, and this
      Warrant shall promptly be cancelled. 

     

    (b)
      The
      Company agrees to maintain, at its aforesaid office, books for the registration
      and the registration of transfer of the Warrants.

     

    (c)
      If,
      at the
time
      of
      the surrender of this Warrant in connection with any transfer of this Warrant,
      the transfer of this Warrant shall not be registered pursuant to an effective
      registration
      statement under the Securities Act
      and
under
      applicable state securities or blue sky laws, the Company may require, as a
      condition of allowing such transfer (i) that the Holder or transferee of this
      Warrant, as the case may be, furnish to the Company a written opinion of counsel
      (which opinion shall be in form, substance and scope customary for opinions
      of
      counsel in comparable transactions) to the effect that such transfer may be
      made
      without
      registration under
      the
      Securities Act and under applicable state securities or blue sky laws, (ii)
      that
      the holder or transferee execute and deliver to the Company an investment letter
      in form and substance acceptable to the Company and (iii) that the transferee
      be
      an "accredited investor" as defined in Rule 501(a) promulgated under the
      Securities Act.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

    8. No
      Rights as Shareholder until Exercise.
      This
      Warrant does not entitle the Holder to any voting rights or other rights as
      a
      shareholder of the Company prior to the exercise hereof and issuance of the
      Warrant Shares by the Company. 

     

    9. Loss,
      Theft, Destruction or Mutilation of Warrant.
      The
      Company covenants that upon receipt by the Company of evidence reasonably
      satisfactory to it of the loss, theft, destruction or mutilation of this Warrant
      or any stock certificate relating to the Warrant Shares, and in case of loss,
      theft or destruction, of indemnity or security reasonably satisfactory to it,
      and upon surrender and cancellation of such Warrant or stock certificate, if
      mutilated, the Company will make and deliver a new Warrant or stock certificate
      of like tenor and dated as of such cancellation, in lieu of such Warrant or
      stock certificate.

     

    10. Saturdays,
      Sundays, Holidays, etc.
      If the
      last or appointed day for the taking of any action or the expiration of any
      right required or granted herein shall be a Saturday, Sunday or a legal holiday,
      then such action may be taken or such right may be exercised on the next
      succeeding day not a Saturday, Sunday or legal holiday.

     

    11. Adjustments
      of Exercise Price and Number of Warrant Shares. The number and kind of
      securities purchasable upon the exercise of this Warrant and the Exercise Price
      shall be subject to adjustment from time to time upon the happening of any
      of
      the following. In case the Company shall (i) pay a dividend in shares of Common
      Stock or make a distribution in shares of Common Stock to holders of its
      outstanding Common Stock, (ii) subdivide its outstanding shares of Common Stock
      into a greater number of shares, (iii) combine its outstanding shares of Common
      Stock into a smaller number of shares of Common Stock, or (iv) issue any shares
      of its capital stock in a reclassification of the Common Stock, then the number
      of Warrant Shares purchasable upon exercise of this Warrant immediately prior
      thereto shall be adjusted so that the Holder shall be entitled to receive the
      kind and number of Warrant Shares or other securities of the Company which
      it
      would have owned or have been entitled to receive had such Warrant been
      exercised in advance thereof. Upon
      each
      such adjustment of the kind and number of Warrant Shares or other securities
      of
      the Company which are purchasable hereunder, the Holder shall thereafter be
      entitled to purchase the number of Warrant Shares or other securities resulting
      from such adjustment at an Exercise Price per Warrant Share or other security
      obtained by multiplying the Exercise Price in effect immediately prior to such
      adjustment by the number of Warrant Shares purchasable pursuant hereto
      immediately prior to such adjustment and dividing by the number of Warrant
      Shares or other securities of the Company purchasable hereunder immediately
      after such adjustment. An
      adjustment made pursuant to this paragraph shall become effective immediately
      after the effective date of such event retroactive to the record date, if any,
      for such event.

     

    12. Reorganization,
      Reclassification, Merger, Consolidation or Disposition of Assets.
      In case
      the Company shall reorganize its capital, reclassify its capital stock,
      consolidate or merge with or into another corporation (where the Company is
      not
      the surviving corporation or where there is a change in or distribution with
      respect to the Common Stock of the Company), or sell, transfer or otherwise
      dispose of all or substantially all its property, assets or business to another
      corporation and, pursuant to the terms of such reorganization, reclassification,
      merger, consolidation or disposition of assets, shares of common stock of the
      successor or acquiring corporation, or any cash, shares of stock or other
      securities or property of any nature whatsoever (including warrants or other
      subscription or purchase rights) in addition to or in lieu of common stock
      of
      the successor or acquiring corporation (“Other
      Property”),
      are
      to be received by or distributed to the holders of Common Stock of the Company,
      then the Holder shall have the right thereafter to receive, at the option of
      the
      Holder, upon exercise of this Warrant, the number of shares of Common Stock
      of
      the successor or acquiring corporation or of the Company, if it is the surviving
      corporation, and Other Property receivable upon or as a result of such
      reorganization, reclassification, merger, consolidation or disposition of assets
      by a Holder of the number of shares of Common Stock for which this Warrant
      is
      exercisable immediately prior to such event. In case of any such reorganization,
      reclassification, merger, consolidation or disposition of assets, the successor
      or acquiring corporation (if other than the Company) shall expressly assume
      the
      due and punctual observance and performance of each and every covenant and
      condition of this Warrant to be performed and observed by the Company and all
      the obligations and liabilities hereunder, subject to such modifications as
      may
      be deemed appropriate (as determined in good faith by resolution of the Board
      of
      Directors of the Company) in order to provide for adjustments of Warrant Shares
      for which this Warrant is exercisable which shall be as nearly equivalent as
      practicable to the adjustments provided for in this Section 12. For purposes
      of
      this Section 12, “common stock of the successor or acquiring corporation” shall
      include stock of such corporation of any class which is not preferred as to
      dividends or assets over any other class of stock of such corporation and which
      is not subject to redemption and shall also include any evidences of
      indebtedness, shares of stock or other securities which are convertible into
      or
      exchangeable for any such stock, either immediately or upon the arrival of
      a
      specified date or the happening of a specified event and any warrants or other
      rights to subscribe for or purchase any such stock. The foregoing provisions
      of
      this Section 12 shall similarly apply to successive reorganizations,
      reclassifications, mergers, consolidations or disposition of assets.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    13. Voluntary
      Adjustment by the Company.
      The
      Company may at any time during the term of this Warrant reduce the then current
      Exercise Price to any amount and for any period of time deemed appropriate
      by
      the Board of Directors of the Company.

     

    14. Notice
      of Adjustment.
      Whenever the number of Warrant Shares or number or kind of securities or other
      property purchasable upon the exercise of this Warrant or the Exercise Price
      is
      adjusted and such adjustment results in an increase or decrease of at least
      five
      percent (5%) or more in the aggregate from the number of Warrant Shares or
      Exercise Price of which the Holder was last notified by the Company (or if
      not
      notifications of adjustment have been occurred, then from the number of Warrant
      Shares or Exercise Price set forth herein), the Company shall give notice
      thereof to the Holder, which notice shall state the number of Warrant Shares
      (and other securities or property) purchasable upon the exercise of this Warrant
      and the Exercise Price of such Warrant Shares (and other securities or property)
      after such adjustment, setting forth a brief statement of the facts requiring
      such adjustment and setting forth the computation by which such adjustment
      was
      made.

     

    15. Authorized
      Shares.
      The
      Company covenants that during the period the Warrant is outstanding, it will
      reserve from its authorized and unissued Common Stock a sufficient number of
      shares to provide for the issuance of the Warrant Shares upon the exercise
      of
      any purchase rights under this Warrant. The Company will take all such
      reasonable action as may be necessary to assure that such Warrant Shares may
      be
      issued as provided herein without violation of any applicable law or regulation,
      or of any requirements of the trading market upon which the Common Stock may
      be
      listed. 

     

    16. Miscellaneous.

     

    (a) Governing
      Law; Dispute.
      This
      Warrant shall be interpreted and enforced in accordance with the laws of the
      State of New York applicable to agreements made and to be performed wholly
      within such jurisdiction, notwithstanding any choice of law principles, statutes
      or rules to the contrary. If
      any
      action is brought to enforce or interpret any part of this Warrant, the
      prevailing party in such action shall be entitled to recover as an element
      of
      such party's costs of suit, and not as damages, its attorney's fee in such
      action. Any
      rule
      of law or any legal decision that would require interpretation of any
      ambiguities in this Warrant against the drafting party is of no application
      and
      is hereby expressly waived. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

    (b) Restrictions.
      The
      Holder acknowledges that the Warrant Shares acquired upon the exercise of this
      Warrant, if not registered, will have restrictions upon resale imposed by state
      and federal securities laws.

     

    (c) Nonwaiver
      and Expenses.
      No
      course of dealing or any delay or failure to exercise any right hereunder on
      the
      part of Holder shall operate as a waiver of such right or otherwise prejudice
      Holder’s rights, powers or remedies, notwithstanding all rights hereunder
      terminate on the Termination Date. 

     

    (d) Notices.
      Any
      notice, request or other document required or permitted to be given or delivered
      to the Holder by the Company shall be delivered to the address indicated in
      the
      Company’s records for the Holder, which may be updated from time to time by
      written notice from the Holder to the Company. 

     

    (e) Limitation
      of Liability.
      No
      provision hereof, in the absence of any affirmative action by Holder to exercise
      this Warrant or purchase Warrant Shares, and no enumeration herein of the rights
      or privileges of Holder, shall give rise to any liability of Holder for the
      purchase price of any Common Stock or as a stockholder of the Company, whether
      such liability is asserted by the Company or by creditors of the
      Company.

     

    (f) Successors
      and Assigns.
      Subject
      to applicable securities laws, this Warrant and the rights and obligations
      evidenced hereby shall inure to the benefit of and be binding upon the
      successors of the Company and the successors and permitted assigns of Holder.
      

     

    (g) Amendment.
      This
      Warrant may be modified or amended or the provisions hereof waived with the
      written consent of the Company and the Holder.

     

    (h) Severability.
      Wherever possible, each provision of this Warrant shall be interpreted in such
      manner as to be effective and valid under applicable law, but if any provision
      of this Warrant shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provisions or the remaining
      provisions of this Warrant.

     

    (i) Headings.
      The
      headings used in this Warrant are for the convenience of reference only and
      shall not, for any purpose, be deemed a part of this Warrant.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be executed by its
      officer thereunto duly authorized, and the Holder has accepted the terms
      hereof.

     

    

    Dated:
      ____________, 200__

    

     

    UKARMA
      CORPORATION 

    

    

    

    By:
                 

                 
      Bill Glaser, Chief Executive Officer            

    

    

    

    AGREED
      TO BY HOLDER: 

    

     

                                                                      
 

     

    Print
      name:         
      

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    NOTICE
      OF EXERCISE

    

    To: uKarma
      Corporation

    

    (1) The
      undersigned hereby elects to purchase ________ Warrant Shares of uKarma
      Corporation pursuant to the terms of the attached Warrant, and tenders herewith
      payment of the exercise price in full, together with all applicable transfer
      taxes, if any.

     

    (2) Please
      issue a certificate or certificates representing said Warrant Shares in the
      name
      of the undersigned or in such other name as is specified below:

     

    Name:
        _______________________________

    

    Address:     
  _______________________________

    

                                                                    
        _______________________________

     

    SS
      or
      Tax

    ID
      number:      _______________________________

    

    The
      Warrant Shares shall be delivered to the following:

    

    _______________________________

     

    _______________________________

     

    _______________________________

    

    [Warrant
      holder]

    

    

    By:
      ______________________________

          
      Name:

          
      Title:

    

    Dated:
      ________________________

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ASSIGNMENT
      FORM

    

    (To
      assign the foregoing warrant, execute this form and supply required information.
      

    Do
      not
      use this form to exercise the warrant.)

    

    FOR
      VALUE
      RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby
      assigned to ____________________________________
      whose address is __________________________________________

     

    ____________________________________________________________________________________________.

    

    Dated:
      ______________, _______

    

    Holder's
      Signature: _____________________________

    

    Holder's
      Address:   _____________________________

     

                                                                                      
      _____________________________

    

    

    

    Signature
      Guaranteed: ___________________________________________

    

    

    NOTE:
      The
      signature to this Assignment Form must correspond with the name as it appears
      on
      the face of the Warrant, without alteration or enlargement or any change
      whatsoever, and must be guaranteed by a bank or trust company. Officers of
      corporations and those acting in a fiduciary or other representative capacity
      should file proper evidence of authority to assign the foregoing
      Warrant.

     

      
        

      

    

    

    ACCEPTANCE
      AND ASSUMPTION BY ASSIGNEE

    

    The
      undersigned assignee herby confirms that it has carefully reviewed the Warrant
      and agrees to the foregoing assumption, and expressly assumes all obligations
      of
      Holder under the Warrant.

    

    Dated:
      ______________, _______

    

    Assignee/Holder's
      Signature: _____________________________

    

    Assignee/Holder's
      Address:   _____________________________

     

                                                                                                       
        _____________________________

    

    

    

    Signature
      Guaranteed: ___________________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]