Document:

Exhibit 10.2

    
      

    

    Exhibit
      10.2

    
       

      
        OPTION
          CERTIFICATE

         

        This
          Option Certificate evidences an Option ("Option") to purchase shares ("Option
          Shares") of Common Stock, par value $0.0025, of PacificHealth Laboratories,
          Inc.
          (the "Company") granted to ADAM
          MIZEL (the
          "Optionee") pursuant to the Company's 2000 Incentive Stock Option Plan
          (the
          "Plan"), a copy of which has been furnished to the Optionee simultaneously
          with
          the delivery of this Option Certificate. The Option and Option Shares are
          subject to the terms, conditions, limitations and restrictions set forth
          in the
          Plan and the following terms and conditions:

        

        a. The
          effective date of the grant of the Option is February 16, 2007, and the
          number
          of Option Shares that may be purchased upon exercise of the Option is
TEN
          THOUSAND (10,000) shares
          (the
          "Option Shares").

        

        b. The
          Option Price shall be $2.14
          per
          Option Share.

        

        c. The
          Option shall vest, subject to the provisions for early termination set
          forth
          herein and in the Plan, on February 16, 2008.

         

        d. The
          Option shall be exercisable to purchase Option Shares beginning on the
          date the
          Option vests as to such Shares, and shall terminate as to vested Option
          Shares
          on February 16, 2012, unless sooner terminated pursuant to the
          Plan.

        

        e. The
          Option may not be exercised as to any Option Share prior to the time that
          the
          Option becomes vested as to such Share. 

        

        f. The
          Option Price is payable at the time of exercise and shall be paid at the
          election of the Optionee (i) in cash; or (ii) in such other manner as may
          be
          approved by the Board of Directors or Committee of the Board then administering
          the Plan. 

        

        IN
          WITNESS WHEREOF,
          this
          Option Certificate has been executed on behalf of the Company by a duly
          authorized officer effective this 22nd day of February 2006.

        

        

        

        PACIFICHEALTH
          LABORATORIES, INC.

        

        

        

        By:  /s/
          Robert
          Portman                                   

                                                                                       
          Robert Portman, PresidentExhibit 10.3

    
      

    

    Exhibit
      10.3

    
      

        OPTION
          CERTIFICATE

        

        This
          Option Certificate evidences an Option
          ("Option") to purchase shares ("Option Shares") of Common Stock, par value
          $0.0025, of PacificHealth Laboratories, Inc. (the "Company") granted to
          MARC PARTICELLI (the "Optionee") pursuant to the Company's 2000
          Incentive Stock Option Plan (the "Plan"), a copy of which has been furnished
          to
          the Optionee simultaneously with the delivery of this Option Certificate.
          The
          Option and Option Shares are subject to the terms, conditions, limitations
          and
          restrictions set forth in the Plan and the following terms and conditions:

        

        a. The
          effective date of the grant of the
          Option is February 16, 2007, and the number of Option Shares that may be
          purchased upon exercise of the Option is TEN THOUSAND (10,000)
          shares (the "Option Shares").

        

        b. The
          Option Price shall be
$2.14 per Option Share.

        

        c. The
          Option shall vest, subject to the
          provisions for early termination set forth herein and in the Plan, on February
          16, 2008.

         

        d. The
          Option shall be exercisable to
          purchase Option Shares beginning on the date the Option vests as to such
          Shares,
          and shall terminate as to vested Option Shares on February 16, 2012, unless
          sooner terminated pursuant to the Plan.

        

        e. The
          Option may not be exercised as to
          any Option Share prior to the time that the Option becomes vested as to
          such
          Share. 

        

        f. The
          Option Price is payable at the time
          of exercise and shall be paid at the election of the Optionee (i) in cash;
          or
          (ii) in such other manner as may be approved by the Board of Directors
          or
          Committee of the Board then administering the Plan. 

        

        IN
          WITNESS WHEREOF, this
          Option Certificate has been executed on behalf of the Company by a duly
          authorized officer effective this 22nd day of February 2006.

        

        

        

        PACIFICHEALTH
          LABORATORIES,
          INC.

        

        

        

        By:
/s/
          Robert
          Portman                                    

                                                                           Robert
          Portman, PresidentAmendment 2006-2 to the Mercury General Corporation Profit Sharing Plan

 Exhibit 10.14 
 AMENDMENT 2006-2 
 MERCURY GENERAL CORPORATION 
 PROFIT SHARING PLAN 
 WHEREAS, Mercury
General Corporation (the “Company”) maintains the Mercury General Corporation Profit Sharing Plan (the “Plan”); and 
 WHEREAS, pursuant to Section 9.1 of the Plan, the Company is authorized to amend the Plan; and 
 WHEREAS, the Company desires
to amend the Plan on a good-faith basis, effective as of January 1, 2006, to comply with regulations promulgated by the Internal Revenue Service with respect to Sections 401(k) and 401(m) of the Internal Revenue Code of 1986, as amended, which
regulations are effective with respect to plan years commencing on or after January 1, 2006. 
 NOW, THEREFORE, the Plan is amended,
effective as of January 1, 2006, as follows: 
 1. Section 3.6(d) of the Plan is amended by revising subsection (1) thereunder
in its entirety to read as follows: 
 “(1) Excess Compensation
Deferrals, and any earnings attributable thereto (calculated using one of the methods permitted by applicable Treasury Regulations) may be distributed to the Participant (as set forth in subsection (e)) within the 2- 1/2 month period following the close of the Plan Year to which the excess Compensation Deferrals relate to the extent
feasible, but in all events no later than 12 months after the close of such Plan Year. Any such excess Compensation Deferrals distributed from the Plan with respect to a Participant for a Plan Year shall be reduced by any amount previously
distributed to such Participant under Section 3.5(b) for the Participant’s taxable year ending with or within such Plan Year and by excess Employer Matching Contributions distributed or recharacterized for the Plan Year beginning in such
taxable year.” 
 2. Section 3.6(d) of the Plan is further amended by revising subsection (2) thereunder to read as
follows: 
 “(2) The Company, in its discretion, may make a contribution to the Plan, which will be allocated among the
Accounts of all Participants, or only those who are non-Highly Compensated Employees (as determined by the Company) who have met the requirements of Section 2.1 or 2.3, as applicable. Such contributions will be allocated by using a ratio method
where each Participant receives an amount in a ratio represented by his or her Compensation for the Plan Year as it bears to the total compensation of all such Participants for the Plan Year, as required to satisfy the tests. Such contributions
shall be fully (100%) vested at all times, and shall be subject to the withdrawal restrictions 

  

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which are applicable to Compensation Deferrals. Such contributions shall be considered ‘Qualified Non-Elective Contributions’ under applicable
Treasury Regulations. Notwithstanding the foregoing, in the event that the Company makes Qualified Non-Elective Contributions to the Plan for any given Plan Year, the Company, in its discretion, may elect to allocate such contributions to any or all
Participants for that Plan Year by any other method allowed under applicable Treasury Regulations.” 
 3. Section 7.3(a) of the Plan
is amended in its entirety as follows: 
 “(a) Subject to the approval of the Committee and guidelines promulgated by the
Committee, withdrawals from the Participant’s Compensation Deferral Account, Company Contributions Account, Employer Matching Contributions Account, ESOP Account and Rollover Account (collectively, his “Accounts”) may be permitted,
subject to the approval of the Committee and guidelines promulgated by the Committee, to meet a financial hardship resulting from: 
 (i)
Un-reimbursed expenses for medical care, described in Code Section 213(d), previously incurred by the Participant, the Participant’s spouse or any dependent of the Participant (as defined in Code Section 152), or necessary for those
persons to obtain such medical care; 
 (ii) Costs directly related to the purchase (excluding mortgage payments) of a principal residence of
the Participant; 
 (iii) Payment of tuition and related educational fees for the next twelve months of post-secondary education for the
Participant, or the Participant’s spouse, children or dependents (as defined in Code Section 152, without regard to subsections (b)(1), (b)(2) and (d)(1)(B)); 
 (iv) Payments necessary to prevent the eviction of the Participant from, or foreclosure on the mortgage on the Participant’s principal residence; 
 (v) Payments for funeral or burial expenses for the Employee’s deceased parent, spouse, children or dependents (as defined in Code Section 152,
without regard to Code Section 152(d)(1)(B)); 
 (vi) Expenses to repair damage to the Employee’s principal residence that would
qualify for a casualty deduction under Section 165 of the Code (determined without regard to whether the loss exceeds 10 percent of adjusted gross income); and 
 (vii) Any other event described in Treasury Regulations or rulings as an immediate and heavy financial need and approved by the Company as a reason for permitting distribution under this Section. 
  

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 The Committee shall determine, in a non-discriminatory manner, whether a Participant has
a financial hardship. A distribution may be made under this Section 7.3(a) only if such distribution does not exceed the amount required to meet the immediate financial need created by the hardship and is not reasonably available from other
resources of the Participant.” 
 IN WITNESS WHEREOF, the Company has
caused its duly authorized officers to execute this amendment to the Plan this 27th day of December, 2006.

  

			
	MERCURY GENERAL CORPORATION
		
	By:	 	 /S/ JUDY WALTERS

	Its:	 	VP/Corporate Secretary

  

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