<SUBMISSION>
<ACCESSION-NUMBER>0001057352-07-000049
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20070607
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20070613
<DATE-OF-FILING-DATE-CHANGE>20070613
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>COSTAR GROUP INC
<CIK>0001057352
<ASSIGNED-SIC>7389
<IRS-NUMBER>522091509
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-24531
<FILM-NUMBER>07916858
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2 BETHESDA METRO CENTER
<STREET2>10TH FLOOR
<CITY>BETHESDA
<STATE>MD
<ZIP>20814
<PHONE>3012158300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2 BETHESDA METRO CENTER
<STREET2>10TH FLOOR
<CITY>BETHESDA
<STATE>MD
<ZIP>20814
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form_8k.htm
<DESCRIPTION>CURRENT REPORT, ITEMS 5.02, 9.01
<TEXT>
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  <head>
    <title>form_8k.htm</title>
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    <div>&#160;</div>
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    <div><br>&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman;"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman;"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman;"><strong>Washington,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman;"><strong>FORM
      8-K</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Pursuant
      to Section 13 OR 15(d) of the</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Securities
      Exchange Act of 1934</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Date
      of
      Report (Date of earliest event reported):&#160;&#160;June 7, 2007</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: times new roman;"><strong>COSTAR
                GROUP, INC.</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="90%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">(Exact
                name of registrant as specified in its
                charter)</font></div>
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    </div>
    <div><br></div>
    <div>
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                incorporation)</font></div>
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                Number)</font></div>
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                No.)</font></div>
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                Bethesda Metro Center, Bethesda, Maryland</u></font></div>
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      the
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      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):</font></div>
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      ]
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR
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      ]
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
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      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
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      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
      5.02. Departure of Directors or Certain Officers; Election of Directors;
      Appointment of Certain Officers; Compensatory Arrangements of Certain
      Officers.</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><font id="TAB1" style="MARGIN-LEFT: 36pt;"></font>At
      the 2007 Annual Meeting of
      shareholders of CoStar Group, Inc. (the &#8220;Company&#8221;) held on June 7, 2007, the
      shareholders of the Company approved the CoStar Group, Inc. 2007 Stock Incentive
      Plan (the &#8220;2007 Plan&#8221;), which had previously been adopted by the Company&#8217;s Board
      of Directors subject to shareholder approval.&#160;&#160;A brief description of
      the material terms and conditions of the 2007 Plan is set forth
      below.&#160;&#160;The following description of the 2007 Plan is qualified in its
      entirety by reference to the complete text of the 2007 Plan, which is attached
      as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference
      herein.</font></div>
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      2007 Plan replaced the Company&#8217;s
      1998 Stock Incentive Plan (the &#8220;1998 Plan&#8221;), which was scheduled to expire on
      May 8, 2008.&#160;&#160;No further awards will be made under the 1998 Plan;
      however, the 1998 Plan will continue to govern unexercised and unexpired awards
      previously granted under the 1998 Plan.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      2007
      Plan is administered by the Compensation Committee of the Company's board of
      directors, which Committee is composed of individuals who are &#8220;non-employee
      directors&#8221; (as that term is defined under Rule&#160;16b-3 of the Securities
      Exchange Act of 1934, as amended) and &#8220;outside directors&#8221; (within the meaning of
      Section&#160;162(m) of the Internal Revenue Code of 1986, as amended (the
&#8220;Code&#8221;)). All of the members of the Compensation Committee are independent as
      defined under Rule&#160;4200(a)(15) of the NASD&#8217;s Listing Standards for
      NASDAQ-listed companies. The Compensation Committee has authority to, among
      other things:</font></div>
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            <td align="left" valign="middle" width="3%">
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            </td>
            <td align="left" valign="middle" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="middle" width="73%">
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            </td>
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                and administer the 2007 Plan;</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" colspan="2" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;&#8226;&#160;</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Make
                rules and regulations relating to the administration of the 2007
                Plan;
                and</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" colspan="2" valign="top" width="75%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="3%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
            </td>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;&#8226;&#160;</font></div>
            </td>
            <td align="left" valign="top" width="73%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;Make
                any other determinations and take any other action that it deems
                necessary
                or desirable for the administration of the 2007
                Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Decisions
      of the Committee or another person delegated responsibilities under the 2007
      Plan shall be final, conclusive and binding on all persons.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Stock
      Subject to the 2007 Plan.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      2007
      Plan authorizes the issuance of up to 1.0&#160;million shares of common stock,
      plus (1)&#160;121,894 shares, which represents the number of shares that were
      authorized for issuance under our 1998 Plan that, as of June&#160;7, 2007, were
      available for issuance under the 1998 Plan (not including any shares that were
      subject to, as of June&#160;7, 2007, outstanding awards under the 1998 Plan or
      any Shares that prior to June&#160;7, 2007 were issued pursuant to awards
      granted under the 1998 Plan) and (2)&#160;up to an additional 1,484,133 shares
      which are currently subject to outstanding awards under the 1998 Plan as of
      June&#160;7, 2007, but that on or after such date cease for any reason to be
      subject to such awards (other than by reason of exercise or<a name="page_0_1_9">
      settlement of the awards to the extent they are exercised for or settled in
      vested and nonforfeitable shares). If any shares that are subject to an award
      under the 2007 Plan are forfeited, are cancelled, expire, lapse or otherwise
      terminate without the issuance of such shares or are retained by the Company
      in
      payment of the exercise price or tax withholding obligations related to the
      award, those shares will again be available for grant under the 2007 Plan.
      Further, any shares of common stock delivered to the Company in payment or
      satisfaction of the exercise price or tax withholding obligations related to
      the
      award will be available for grant under the 2007 Plan.&#160;&#160;The shares
      issued under the 2007 Plan may consist, in whole or in part, of authorized
      but
      unissued shares or shares reacquired by the Company.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Limitations.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Subject
      to adjustment as provided in the 2007 Plan, no participant shall be eligible
      to
      receive in any one calendar year awards relating to more than
      200,000&#160;shares of the Company's common stock.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Eligibility.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      2007
      Plan permits awards to employees, officers, consultants and directors of the
      Company and its subsidiaries.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">2</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Types
      of Awards</strong><em>.</em>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      2007
      Plan provides for the grant of options (including non-statutory options), stock
      appreciation rights, restricted stock, and restricted stock units.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Options.</em>&#160;&#160;Incentive
      stock options and nonqualified stock options may be granted under the 2007
      Plan,
      either alone or in combination with other awards. The terms of any option grant
      generally are determined by the Compensation Committee. The price at which
      a
      share may be purchased under an option may not be less than the fair market
      value of a share on the date the option is granted. Fair market value generally
      means the closing price for the Company&#8217;s Common Stock on the NASDAQ National
      Market on the date of grant. The 2007 Plan provides that the Compensation
      Committee shall establish the term of each option, which in no case shall exceed
      a period of ten years from the date of grant.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Stock
      Appreciation Rights.</em>&#160;&#160;Stock appreciation rights entitle a
      participant to receive payment from the Company in an amount determined by
      multiplying the difference between the fair market value of the shares on the
      date of exercise and the fair market value on the date of grant by the number
      of
      shares subject to the award. The terms of any grant of stock appreciation rights
      generally are determined by the Compensation Committee. Stock appreciation
      rights may be granted in tandem with an option or alone. The grant price of
      a
      tandem stock appreciation right is equal to the exercise price of the related
      option, and the grant price of a freestanding stock appreciation right is equal
      to the fair market value of the common stock on the grant date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Restricted
      Stock and Restricted Stock Units.</em>&#160;&#160;Restricted stock and
      restricted stock units reflect a right to receive shares of stock upon the
      satisfaction of certain terms, conditions and restrictions. Both may be issued
      under the 2007 Plan on such terms and conditions as the 2007 Plan permits and
      generally are subject to terms determined by the Compensation Committee.
      Restricted stock and restricted stock unit awards may be paid in cash, stock
      or
      a combination of cash and stock. Participants holding restricted stock or
      restricted stock units may be permitted to receive dividends paid with respect
      to underlying shares or dividend equivalents, as determined by the
      Committee.&#160;&#160;Unless otherwise determined by the Compensation Committee,
      holders of restricted stock may exercise full voting rights with respect to
      those shares.&#160;&#160;Holders of restricted stock units shall have no voting
      rights with respect to the shares underlying such units until the shares of
      common stock are reflected as issued and outstanding on the Company&#8217;s stock
      ledger.</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>No
      Discount Stock Options.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Stock
      options and stock appreciation rights must be priced at or above the fair market
      value of the stock on the date of grant.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>No
      Repricing.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      repricing of stock options or stock appreciation rights is prohibited. This
      applies to both direct and indirect repricings.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Maximum
      Term.</strong><em>&#160;</em>&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">A
      stock
      option or stock appreciation right may not have a term longer than ten
      years.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Minimum
      Vesting Period.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Except
      upon a change in control of the Company or the death or disability of the
      grantee, no award of restricted stock or restricted stock units that vests
      based
      solely on continued service (and not performance) shall vest earlier than three
      years from the date of grant and no award of restricted stock or restricted
      stock units that vests based on achievement of performance criteria shall vest
      earlier than one year from the date of grant.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Performance
      Goals.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Awards
      under the 2007 Plan may be made subject to the attainment of performance goals
      relating to one or more business criteria within the meaning of
      Section&#160;162(m) of the Code, including one or more of the
      following:</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(1)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">cash
                flow (before or after dividends),</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(2)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">earnings
                or earnings per share (including earnings before interest, taxes,
                depreciation and amortization),</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(3)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">stock
                price,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(4)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">return
                on equity,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(5)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">total
                stockholder return,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(6)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">return
                on capital or investment (including return on total capital, return
                on
                invested capital, or return on
                investment),</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(7)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">return
                on assets or net assets,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(8)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">market
                capitalization,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(9)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">economic
                value added,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(10)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">debt
                leverage (debt to capital),</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(11)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">revenue,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(12)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">income
                or net income,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(13)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">operating
                income,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(14)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">operating
                profit or net operating profit,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(15)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">operating
                margin or profit margin,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(16)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">return
                on operating revenue,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(17)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">cash
                from operations,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(18)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">operating
                ratio,</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(19)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">operating
                revenue, or</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">

          <tr valign="top">
            <td align="right" style="WIDTH: 90pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(20)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">customer
                service (collectively, the &#8220;Performance
                Criteria&#8221;).</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
      Performance Criteria may be used to measure the performance of the Company
      as a
      whole or with respect to any business unit or subsidiary of the Company, either
      individually, alternatively or in any combination, and may be measured either
      annually or cumulatively over a period of years, on an absolute basis or
      relative to a pre-established target, to previous period results or to a
      designated comparison group, in each case as specified by the Compensation
      Committee. The Compensation Committee shall appropriately adjust any evaluation
      of performance under the Performance Criteria to exclude the following items:
      the effects of charges for restructurings, discontinued operations,
      extraordinary items and all items of gain, loss or expense determined to be
      extraordinary or unusual in nature or related to the acquisition or disposal
      of
      a segment of a<a name="page_0_1_10"> business or related to a change in
      accounting
      principle all as determined in accordance with standards established by opinion
      No.&#160;30 of the Accounting Principles Board (APA Opinion No.&#160;30)&#160;or
      other applicable or successor accounting provisions, as well as the cumulative
      effect of accounting changes, in each case as determined in accordance with
      generally accepted accounting principles or identified in the Company&#8217;s
      financial statements or notes to the financial statements. The Compensation
      Committee may appropriately adjust any evaluation of performance under a
      qualifying Performance Criteria to exclude any of the following events that
      occurs during a performance period: (1)&#160;asset write-downs,
      (2)&#160;litigation, claims, judgments or settlements, (3)&#160;the effect of
      changes in tax law or other such laws or provisions affecting reported results,
      (4)&#160;accruals for reorganization and restructuring programs and
      (5)&#160;expenses for any amounts for payment under the 2007 Plan or any other
      compensation arrangement maintained by the Company.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Tax
      Withholding.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Company may specify the terms and conditions on which any award recipient must
      satisfy any tax obligations occurring under federal, state, local or foreign
      law, and may withhold issuance of any shares of common stock until such terms
      and conditions are met.&#160;&#160;The Committee may permit tax withholding
      obligations to be satisfied through mandatory or elective sale of shares of
      common stock; by having the Company withhold a portion of the shares of common
      stock that would otherwise be issued to the grantee upon exercise of an option
      or vesting of an award; or by tendering shares of common stock previously
      acquired by the grantee.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Assignability.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Awards
      granted under the 2007 Plan are generally not transferable or assignable, except
      by will or the laws of descent and distribution. However, participants may
      be
      permitted to assign or transfer an award to the extent allowed by the
      Compensation Committee in its discretion and subject to Section&#160;422 of the
      Code.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Adjustments.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      number and kind of securities available for issuance under the 2007 Plan
      (including under any awards then outstanding), and the limits on the number
      and
      kind of securities that may be issued under the 2007 Plan, shall be equitably
      adjusted by the Compensation Committee to reflect any reorganization,
      reclassification, combination of shares, stock split, reverse stock split,
      spin-off, dividend or distribution of securities, property or cash (other than
      regular, quarterly cash dividends), or any other equity restructuring
      transaction, as that term is defined in Statement of Financial Accounting
      Standards No.&#160;123 (revised). Such adjustment may be designed </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">4</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div>
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
      <div>&#160;</div>
      <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">to
        comply
        with Section&#160;425 of the Code or, except as otherwise expressly provided in
        the 2007 Plan, may be designed to treat the securities available under the
        2007
        Plan and subject to awards as if they were all outstanding on the record
        date
        for such event or transaction or to increase the number of such securities
        to
        reflect a deemed reinvestment in securities of the amount distributed to
        the
        Company&#8217;s stockholders. The terms of any outstanding award under the 2007 Plan
        shall also be equitably adjusted by the Compensation Committee as to price,
        number or kind of securities subject to such award, vesting, and other terms
        to
        reflect the foregoing events, which adjustments need not be uniform as between
        different awards or different types of awards.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
      the
      event there are any other change in the Company&#8217;s common stock, by reason of a
      change of control, other merger, consolidation or otherwise in circumstances
      that do not involve an equity restructuring transaction, as that term is defined
      in Statement of Financial Accounting Standards No.&#160;123 (revised), then the
      Compensation Committee shall determine the appropriate adjustment, if any,
      to be
      effected. In addition, in the event of such change described in this paragraph,
      the Compensation Committee may accelerate the time or times at which any award
      under the 2007 Plan may be exercised and may provide for cancellation of such
      accelerated awards that are not exercised within a time prescribed by the
      Compensation Committee in its sole discretion.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">There
      is
      no right to purchase fractional shares that result from any adjustment in awards
      under the 2007 Plan. In case of any such adjustment, the shares of common stock
      subject to the award shall be rounded down to the nearest whole
      share.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Change
      in Control.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Compensation Committee shall have the discretion, exercisable at any time before
      a sale, merger, consolidation, reorganization, liquidation, dissolution or
      change in control of the Company, to take such action as it determines to be
      necessary or advisable with respect to awards under the 2007 Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Amendment
      and Termination.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Board
      may amend, alter or discontinue the 2007 Plan and the Compensation Committee
      may
      amend, or alter any agreement or other document evidencing an award made under
      the 2007 Plan; however,&#160;except as specifically provided for in the 2007
      Plan, no such amendment shall, without the approval of the stockholders of
      the
      Company (a)&#160;reduce the exercise price of outstanding options or stock
      appreciation rights, (b)&#160;reduce the price at which options may be granted
      below the price provided for in the 2007 Plan or (c)&#160;otherwise amend the
      2007 Plan in any manner requiring stockholder approval by law or under the
      Nasdaq listing requirements. No amendment or alteration to the 2007 Plan or
      an
      award or award agreement shall be made which would impair the<a name="page_0_1_11"> rights of the holder of an award without
      such holder&#8217;s
      consent, provided that no such consent shall be required if the Compensation
      Committee determines in its sole discretion and prior to the date of any change
      of control that such amendment or alteration either is required or advisable
      in
      order for the Company, the 2007 Plan or the award to satisfy any law or
      regulation or to meet the requirements of or avoid adverse financial accounting
      consequences under any accounting standard.</a></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Unless
      sooner terminated as provided in the 2007 Plan, the 2007 Plan shall terminate
      on
      April 26, 2017. Termination will not affect grants and awards then
      outstanding.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Deferral.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Compensation Committee may permit or require a participant to defer receipt
      of
      the payment of any award of restricted stock or restricted stock units to the
      extent permitted by Section&#160;409A of the Code.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Effective
      Date.</strong>&#160;&#160;</font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      2007
      Plan was effective as of April 26, 2007, subject to the approval by the
      Company&#8217;s stockholders, which was obtained on June 7, 2007.</font></div>
    <div><br></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Item
      9.01.&#160;&#160;Financial Statements and Exhibits.</strong></font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Exhibit
        No.&#160;</u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Description</u></font></div>
      <div><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
        99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CoStar
        Group, Inc. 2007 Stock Incentive Plan</font></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>SIGNATURES</strong></font></div>
    <div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 27pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the registrant
      has
      duly caused this report to be signed on its behalf by the undersigned hereunto
      duly authorized.</font></div>
    <div><br></div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">COSTAR
                GROUP, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">By:</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Date:
                June 13, 2007</font></div>
            </td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;/s/
                Brian J.
                Radecki&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Name:&#160;&#160;Brian
                J. Radecki</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">Title:&#160;&#160;&#160;&#160;Chief
                Financial Officer</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
            <td valign="top" width="45%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman;">&#160;</font></td>
          </tr>

      </table>
    </div>
    <div><br></div><br>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman;">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><u>Exhibit
      Index</u></font></div>
    <div><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top">
            <td style="WIDTH: 108pt">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Exhibit
                99.1</font></div>
            </td>
            <td>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">CoStar
                Group, Inc. 2007 Stock Incentive
                Plan</font></div>
            </td>
          </tr>

      </table>
    </div>
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</html>



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>stockplan_2007.htm
<DESCRIPTION>2007 COSTAR STOCK PLAN
<TEXT>
<html>

  <head>
    <title>stockplan_2007.htm</title>
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    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#160;&#160;&#160;<img src="costar_logo.jpg" alt=""></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>COSTAR
      GROUP, INC.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2007
      STOCK INCENTIVE PLAN</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>1.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Purpose</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      purpose of the CoStar Group, Inc. 2007 Stock Incentive Plan (the &#8220;Plan&#8221;) is to
      advance the interests of CoStar Group, Inc. (the &#8220;Company&#8221;) by enabling the
      Company and its subsidiaries to attract, retain and motivate employees of the
      Company by providing for or increasing the proprietary interests of such
      individuals in the Company, and by enabling the Company to attract, retain
      and
      motivate its nonemployee directors and further align their interests with those
      of the shareholders of the Company by providing for or increasing the
      proprietary interests of such directors in the Company. The Plan provides for
      the grant of Incentive and Nonqualified Stock Options, Stock Appreciation
      Rights, Restricted Stock and Restricted Stock Units, any of which may be
      performance-based, as determined by the Committee.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>2.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Definitions</font></strong></font>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">As
        used
        in the Plan, the following terms shall have the meanings set forth
        below:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        means an Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation
        Right, Restricted Stock, or Restricted Stock Unit granted to a Participant
        pursuant to the provisions of the Plan, any of which the Committee may structure
        to qualify in whole or in part as a Performance Award.</font></div>
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        Agreement&#8221; means a written agreement or other instrument as may be approved from
        time to time by the Committee implementing the grant of each Award. An Agreement
        may be in the form of an agreement to be executed by both the Participant
        and
        the Company (or an authorized representative of the Company) or certificates,
        notices or similar instruments as approved by the Committee.</font></div>
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        means the Internal Revenue Code of 1986, as amended from time to time, and
        the
        rulings and regulations issues thereunder.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        means the Committee delegated the authority to administer the Plan in accordance
        with Section&#160;16.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        Share&#8221; means a share of the Company&#8217;s common stock, subject to adjustment as
        provided in Section&#160;11.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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        means CoStar Group, Inc., a Delaware corporation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
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      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(h)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Fair
        Market Value&#8221;<em>&#160;</em>means, as of any given date, the closing sales price
        on such date during normal trading hours (or, if there are no reported sales
        on
        such date, on the last date prior to such date on which there were sales)
        of the
        Common Shares on NASDAQ, the New York Stock Exchange Composite Tape or, if
        not
        listed on such exchanges, on any other national securities exchange on which
        the
        Common Shares are listed, in any case, as reporting in such source as the
        Committee shall select. If there is no regular public trading market for
        such
        Common Shares, the Fair Market Value of the Common Shares shall be determined
        by
        the Committee in good faith and in compliance with Section&#160;409A of the
        Code.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Incentive
        Stock Option&#8221; means a stock option that is intended to qualify as an &#8220;incentive
        stock option&#8221; within the meaning of Section&#160;422 of the Code.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(j)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Nonemployee
        Director&#8221; means each person who is, or is elected to be, a member of the Board
        or the board of directors of any Subsidiary and who is not an employee of
        the
        Company or any Subsidiary.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(k)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Nonqualified
        Stock Option&#8221; means a stock option that is not intended to qualify as an
&#8220;incentive stock option&#8221; within the meaning of Section&#160;422 of the
        Code.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(l)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Option&#8221;
        means an Incentive Stock Option and/or a Nonqualified Stock Option granted
        pursuant to Section&#160;6 of the Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(m)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Participant&#8221;
        means any individual described in Section&#160;3 to whom Awards have been
        granted from time to time by the Committee and any authorized transferee
        of such
        individual.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(n)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Performance
        Award&#8221; means an Award, the grant, issuance, retention, vesting or settlement of
        which is subject to satisfaction of one or more performance criteria pursuant
        to
        Section&#160;12.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(o)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Plan&#8221;
        means the CoStar Group, Inc. 2007 Stock Incentive Plan as set forth herein
        and
        as amended from time to time.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(p)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Prior
        Plan&#8221; means the CoStar Group, Inc. 1998 Stock Incentive Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(q)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Qualifying
        Performance Criteria&#8221; has the meaning set forth in
        Section&#160;12(b).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(r)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Restricted
        Stock&#8221; means Common Shares granted pursuant to Section&#160;8 of the
        Plan.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(s)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Restricted
        Stock Unit&#8221; means an Award granted to a Participant pursuant to Section&#160;8
        pursuant to which Common Shares or cash in lieu thereof may be issued in
        the
        future.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(t)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Stock
        Appreciation Right&#8221; means a right granted pursuant to Section&#160;7 of the Plan
        that entitles the Participant to receive, in cash or Common Shares or a
        combination thereof, as determined by the Committee, value equal to or otherwise
        based on the excess of (i) the market price of a specified number of Common
        Shares at the time of exercise over (ii) the exercise price of the right,
        as
        established by the Committee on the date of grant.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
        </div>
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          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
        </div>
      </div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(u)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">&#8220;Subsidiary&#8221;
        means any corporation (other than the Company) in an unbroken chain of
        corporations beginning with the Company where each of the corporations in
        the
        unbroken chain other than the last corporation owns stock possessing at least
        50
        percent or more of the total combined voting power of all classes of stock
        in
        one of the other corporations in the chain, and if specifically determined
        by
        the Committee in the context other than with respect to Incentive Stock Options,
        may include an entity in which the Company has a significant ownership interest
        or that is directly or indirectly controlled by the Company.</font></div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(v)<font id="TAB2" style="LETTER-SPACING: 9pt;">&#160;
</font>&#8220;Substitute
        Awards&#8221; means
        Awards granted or Common Shares issued by the Company in assumption of, or
        in
        substitution or exchange for, awards previously granted, or the right or
        obligation to make future awards, by a corporation acquired by the Company
        or
        any Subsidiary or with which the Company or any Subsidiary
        combines.</font></div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>3.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Eligibility</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Any
      person who is an officer or employee of the Company or of any Subsidiary
      (including any director who is also an employee, in his or her capacity as
      such)
      shall be eligible for selection by the Committee for the grant of Awards
      hereunder. In addition, Nonemployee Directors shall be eligible for the grant
      of
      Awards hereunder as determined by the Committee. In addition any service
      provider who has been retained to provide consulting, advisory or other services
      to the Company or to any Subsidiary shall be eligible for selection by the
      Committee for the grant of Awards hereunder. Options intending to qualify as
      Incentive Stock Options may only be granted to employees of the Company or
      any
      Subsidiary within the meaning of the Code, as selected by the
      Committee.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>4.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Effective
      Date and Termination of Plan</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Plan
      was adopted by the Board and became effective as of April 26, 2007 (the
&#8220;Effective Date&#8221;), subject to the approval by the Company&#8217;s stockholders. All
      Awards granted under this Plan are subject to, and may not be exercised before,
      the approval of this Plan by the stockholders prior to the first anniversary
      date of the effective date of the Plan by the affirmative vote of the holders
      of
      a majority of the outstanding Common Shares of the Company present, or
      represented by proxy, and entitled to vote, at a meeting of the Company&#8217;s
      stockholders or by written consent in accordance with the laws of the State
      of
      Delaware; provided that if such approval by the stockholders of the Company
      is
      not forthcoming, all Awards previously granted under this Plan shall be void.
      The Plan shall remain available for the grant of Awards until the tenth (10th)
      anniversary of the Effective Date. Notwithstanding the foregoing, the Plan
      may
      be terminated at such earlier time as the Board may determine. Termination
      of
      the Plan will not affect the rights and obligations of the Participants and
      the
      Company arising under Awards theretofore granted and then in
      effect.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>5.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Common
      Shares Subject to the Plan and to Awards</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Aggregate
      Limits</em>. The aggregate number of Shares issuable pursuant to all Awards
      shall not exceed 1,000,000 shares, plus (i)&#160;any Shares that were authorized
      for issuance</font></div><br>
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      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">3</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">under
      the
      Prior Plan that, as of June 7, 2007, remain available for issuance under the
      Prior Plan (not including any Shares that are subject to, as of June 7, 2007,
      outstanding awards under the Prior Plan or any Shares that prior to June 7,
      2007
      were issued pursuant to awards granted under the Prior Plan) and (ii)&#160;any
      Shares subject to outstanding awards under the Prior Plan as of June 7, 2007
      that on or after such date cease for any reason to be subject to such awards
      (other than by reason of exercise or settlement of the awards to the extent
      they
      are exercised for or settled in vested and nonforfeitable shares). The aggregate
      number of Common Shares available for grant under this Plan and the number
      of
      Common Shares subject to outstanding Awards shall be subject to adjustment
      as
      provided in Section&#160;11. The Common Shares issued pursuant to Awards granted
      under this Plan may be shares that are authorized and unissued or shares that
      were reacquired by the Company, including shares purchased in the open
      market.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Issuance
      of Common Shares</em>. For purposes of this Section&#160;5, the aggregate number
      of Common Shares available for Awards under this Plan at any time shall not
      be
      reduced by (i)&#160;shares subject to Awards that have been terminated, expired
      unexercised, forfeited or settled in cash, (ii)&#160;shares subject to Awards
      that have been retained by the Company in payment or satisfaction of the
      exercise price, purchase price or tax withholding obligation of an Award, or
      (iii)&#160;shares subject to Awards that otherwise do not result in the issuance
      of Common Shares in connection with payment or settlement of an Award. In
      addition, Common Shares that have been delivered (either actually or by
      attestation) to the Company in payment or satisfaction of the exercise price,
      purchase price or tax withholding obligation of an Award shall be available
      for
      Awards under this Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Tax
      Code Limits</em>. The aggregate number of Common Shares subject to Awards
      granted under this Plan during any calendar year to any one Participant shall
      not exceed 200,000, which number shall be calculated and adjusted pursuant
      to
      Section&#160;11 only to the extent that such calculation or adjustment will not
      affect the status of any Award intended to qualify as &#8220;performance based
      compensation&#8221; under Section&#160;162(m) of the Code but which number shall not
      count any tandem SARs (as defined in Section&#160;7). Any&#160;Common Shares
      that may be issued&#160;under this Plan may be issued pursuant to the exercise
      of Incentive Stock Options.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Substitute
      Awards. </em>Substitute Awards shall not reduce the Common Shares authorized for
      issuance under the Plan or authorized for grant to a Participant in any calendar
      year. Additionally, in the event that a corporation acquired by the Company
      or
      any Subsidiary, or with which the Company or any Subsidiary combines, has shares
      available under a pre-existing plan approved by shareholders and not adopted
      in
      contemplation of such acquisition or combination, the shares available for
      grant
      pursuant to the terms of such pre-existing plan (as adjusted, to the extent
      appropriate, using the exchange ratio or other adjustment or valuation ratio
      or
      formula used in such acquisition or combination to determine the consideration
      payable to the holders of common stock of the entities party to such acquisition
      or combination) may be used for Awards under the Plan and shall not reduce
      the
      Common Shares authorized for issuance under the Plan; provided that Awards
      using
      such available shares shall not be made after the date awards or grants could
      have been made under the terms of the pre-existing plan, absent the acquisition
      or combination, and shall only be made to individuals who were not employees,
      directors or consultants of the Company or its Subsidiaries immediately before
      such acquisition or combination.</font></div><br>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        </div>
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>6.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Options</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Option
      Awards</em>. Options may be granted at any time and from time to time prior to
      the termination of the Plan to Participants as determined by the Committee.
      No
      Participant shall have any rights as a stockholder with respect to any Common
      Shares subject to Option hereunder until said Common Shares have been issued,
      except that the Committee may authorize dividend equivalent accruals with
      respect to such Common Shares. Each Option shall be evidenced by an Award
      Agreement. Options granted pursuant to the Plan need not be identical but each
      Option must contain and be subject to the terms and conditions set forth
      below.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Price</em>.
      The Committee will establish the exercise price per Common Share under each
      Option, which, in no event will be less than the Fair Market Value of the Common
      Shares on the date of grant; provided, however, that the exercise price per
      Common Share with respect to an Option that is granted in connection with a
      merger or other acquisition as a substitute or replacement award for options
      held by optionees of the acquired entity may be less than 100% of the market
      price of the Common Shares on the date such Option is granted if such exercise
      price is based on a formula set forth in the terms of the options held by such
      optionees or in the terms of the agreement providing for such merger or other
      acquisition. The exercise price of any Option may be paid in Common Shares,
      cash, certified check, money order or a combination thereof, as determined
      by
      the Committee, including an irrevocable commitment by a broker to pay over
      such
      amount from a sale of the Common Shares issuable under an Option, the delivery
      of previously owned Common Shares and withholding of Common Shares deliverable
      upon exercise.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>No
      Repricing</em>. Other than in connection with a change in the Company&#8217;s
      capitalization (as described in Section&#160;11) the exercise price of an Option
      may not be reduced without stockholder approval (including canceling previously
      awarded Options and regranting them with a lower exercise price).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Provisions
      Applicable to Options</em>. The date on which Options become exercisable shall
      be determined at the sole discretion of the Committee and set forth in an Award
      Agreement. Unless provided otherwise in the applicable Award Agreement, to
      the
      extent that the Committee determines that an approved leave of absence or
      employment on a less than full-time basis is not a Termination of employment,
      the vesting period and/or exercisability of an Option shall be adjusted by
      the
      Committee during or to reflect the effects of any period during which the
      Participant is on an approved leave of absence or is employed on a less than
      full-time basis.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Term
      of Options and Termination of Employment</em>:&#160;&#160;The Committee shall
      establish the term of each Option, which in no case shall exceed a period of
      ten
      (10) years from the date of grant. Unless an Option earlier expires upon the
      expiration date established pursuant to the foregoing sentence, upon the
      termination of the Participant&#8217;s employment, his or her rights to exercise an
      Option then held shall be determined by the Committee and set forth in an Award
      Agreement.</font></div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Incentive
      Stock Options</em>. Notwithstanding anything to the contrary in this
      Section&#160;6, in the case of the grant of an Option intending to qualify as an
      Incentive Stock Option: (i)&#160;if the Participant owns stock possessing more
      than 10 percent of the combined voting power of all classes of stock of the
      Company (a &#8220;10% Common Shareholder&#8221;), the exercise price of such Option must be
      at least 110 percent of the Fair Market Value of the Common Shares on the date
      of grant and the Option must expire within a period of not more than five (5)
      years from the date of grant, and (ii)&#160;termination of employment will occur
      when the person to whom an Award was granted ceases to be an employee (as
      determined in accordance with Section&#160;3401(c) of the Code and the
      regulations promulgated thereunder) of the Company and its Subsidiaries.
      Notwithstanding anything in this Section&#160;6 to the contrary, options
      designated as Incentive Stock Options shall not be eligible for treatment under
      the Code as Incentive Stock Options (and will be deemed to be Nonqualified
      Stock
      Options) to the extent that either (a) the aggregate Fair Market Value of Common
      Shares (determined as of the time of grant) with respect to which such Options
      are exercisable for the first time by the Participant during any calendar year
      (under all plans of the Company and any Subsidiary) exceeds $100,000, taking
      Options into account in the order in which they were granted, or (b) such
      Options otherwise remain exercisable but are not exercised within three (3)
      months of Termination of employment (or such other period of time provided
      in
      Section&#160;422 of the Code).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>7.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Stock
      Appreciation Rights</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Stock
      Appreciation Rights may be granted to Participants from time to time either
      in
      tandem with or as a component of other Awards granted under the Plan (&#8220;tandem
      SARs&#8221;) or not in conjunction with other Awards (&#8220;freestanding SARs&#8221;) and may,
      but need not, relate to a specific Option granted under Section&#160;6. The
      provisions of Stock Appreciation Rights need not be the same with respect to
      each grant or each recipient. Any Stock Appreciation Right granted in tandem
      with an Award may be granted at the same time such Award is granted or at any
      time thereafter before exercise or expiration of such Award. All freestanding
      SARs shall be granted subject to the same terms and conditions applicable to
      Options as set forth in Section&#160;6 and all tandem SARs shall have the same
      exercise price, vesting, exercisability, forfeiture and termination provisions
      as the Award to which they relate. Subject to the provisions of Section&#160;6
      and the immediately preceding sentence, the Committee may impose such other
      conditions or restrictions on any Stock Appreciation Right as it shall deem
      appropriate. Stock Appreciation Rights may be settled in Common Shares, cash
      or
      a combination thereof, as determined by the Committee and set forth in the
      applicable Award Agreement. Other than in connection with a change in the
      Company&#8217;s capitalization (as described in Section&#160;11) the exercise price of
      Stock Appreciation Rights may not be reduced without stockholder approval
      (including canceling previously awarded Stock Appreciation Rights and regranting
      them with a lower exercise price).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>8.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Restricted
      Stock and Restricted Stock Units</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Restricted
      Stock and Restricted Stock Unit Awards</em>. Restricted Stock and Restricted
      Stock Units may be granted at any time and from time to time prior to the
      termination of the Plan to Participants as determined by the Committee.
      Restricted Stock is an award or issuance of Common Shares the grant, issuance,
      retention, vesting and/or transferability of which is subject during specified
      periods of time to such conditions (including continued employment or
      performance conditions) and terms as the Committee deems appropriate. Restricted
      Stock</font></div><br>
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        </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">6</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
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    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Units
      are
      Awards denominated in units of Common Shares under which the issuance of Common
      Shares is subject to such conditions (including continued employment or
      performance conditions) and terms as the Committee deems appropriate. Each
      grant
      of Restricted Stock and Restricted Stock Units shall be evidenced by an Award
      Agreement. Unless determined otherwise by the Committee, each Restricted Stock
      Unit will be equal to one Common Share and will entitle a Participant to either
      the issuance of Common Shares or payment of an amount of cash determined with
      reference to the value of Common Shares. To the extent determined by the
      Committee, Restricted Stock and Restricted Stock Units may be satisfied or
      settled in Common Shares, cash or a combination thereof. Restricted Stock and
      Restricted Stock Units granted pursuant to the Plan need not be identical but
      each grant of Restricted Stock and Restricted Stock Units must contain and
      be
      subject to the terms and conditions set forth below.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Contents
      of Agreement</em>. Each Award Agreement shall contain provisions regarding (i)
      the number of Common Shares or Restricted Stock Units subject to such Award
      or a
      formula for determining such number, (ii) the purchase price of the Common
      Shares, if any, and the means of payment, (iii) the performance criteria, if
      any, and level of achievement versus these criteria that shall determine the
      number of Common Shares or Restricted Stock Units granted, issued, retainable
      and/or vested, (iv) such terms and conditions on the grant, issuance, vesting
      and/or forfeiture of the Common Shares or Restricted Stock Units as may be
      determined from time to time by the Committee, (v)&#160;the term of the
      performance period, if any, as to which performance will be measured for
      determining the number of such Common Shares or Restricted Stock Units, and
      (vi)
      restrictions on the transferability of the Common Shares or Restricted Stock
      Units. Common Shares issued under a Restricted Stock Award may be issued in
      the
      name of the Participant and held by the Participant or held by the Company,
      in
      each case as the Committee may provide.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Vesting
      and Performance Criteria</em>. The grant, issuance, retention, vesting and/or
      settlement of shares of Restricted Stock and Restricted Stock Units will occur
      when and in such installments as the Committee determines or under criteria
      the
      Committee establishes, which may include Qualifying Performance Criteria;
      provided, however, that, except in the case of a change of control of the
      Company or the death or disability of the Participant, vesting of Restricted
      Stock and Restricted Stock Units shall be no earlier than three (3) years from
      the date of grant for Awards not subject to vesting based on performance
      criteria and one (1) year from the date of grant for Awards that vest based
      on
      the achievement of performance criteria. Notwithstanding anything in this Plan
      to the contrary, the performance criteria for any Restricted Stock or Restricted
      Stock Unit that is intended to satisfy the requirements for &#8220;performance-based
      compensation&#8221; under Section&#160;162(m) of the Code will be a measure based on
      one or more Qualifying Performance Criteria selected by the Committee and
      specified when the Award is granted.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Discretionary
      Adjustments and Limits</em>. Subject to the limits imposed under
      Section&#160;162(m) of the Code for Awards that are intended to qualify as
&#8220;performance based compensation,&#8221; notwithstanding the satisfaction of any
      performance goals, the number of Common Shares granted, issued, retainable
      and/or vested under an Award of Restricted Stock or Restricted Stock Units
      on
      account of either financial performance or personal performance</font></div><br>
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
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        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">evaluations
      may, to the extent specified in the Award Agreement, be reduced by the Committee
      on the basis of such further considerations as the Committee shall
      determine.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Voting
      Rights</em>. Unless otherwise determined by the Committee, Participants holding
      shares of Restricted Stock granted hereunder may exercise full voting rights
      with respect to those shares during the period of restriction. Participants
      shall have no voting rights with respect to Common Shares underlying Restricted
      Stock Units unless and until such Common Shares are reflected as issued and
      outstanding shares on the Company&#8217;s stock ledger.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(f)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Dividends
      and Distributions</em>. Participants in whose name Restricted Stock is granted
      shall be entitled to receive all dividends and other distributions paid with
      respect to those Common Shares, unless determined otherwise by the Committee.
      The Committee will determine whether any such dividends or distributions will
      be
      automatically reinvested in additional shares of Restricted Stock and subject
      to
      the same restrictions on transferability as the Restricted Stock with respect
      to
      which they were distributed or whether such dividends or distributions will
      be
      paid in cash. Common Shares underlying Restricted Stock Units shall be entitled
      to dividends or dividend equivalents only to the extent provided by the
      Committee.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>9.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Deferral
      of Gains</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Committee may, in an Award Agreement or otherwise, provide for the deferred
      delivery of Common Shares upon settlement, vesting or other events with respect
      to Restricted Stock or Restricted Stock Units. Notwithstanding anything herein
      to the contrary, in no event will any deferral of the delivery of Common Shares
      or any other payment with respect to any Award be allowed if the Committee
      determines, in its sole discretion, that the deferral would result in the
      imposition of the additional tax under Section&#160;409A(a)(1)(B) of the
      Code.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>10.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Conditions
      and Restrictions Upon Securities Subject to Awards</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      Committee may provide that the Common Shares issued upon exercise of an Option
      or Stock Appreciation Right or otherwise subject to or issued under an Award
      shall be subject to such further agreements, restrictions, conditions or
      limitations as the Committee in its discretion may specify prior to the exercise
      of such Option or Stock Appreciation Right or the grant, vesting or settlement
      of such Award, including without limitation, conditions on vesting or
      transferability, forfeiture or repurchase provisions and method of payment
      for
      the Common Shares issued upon exercise, vesting or settlement of such Award
      (including the actual or constructive surrender of Common Shares already owned
      by the Participant) or payment of taxes arising in connection with an Award.
      Without limiting the foregoing, such restrictions may address the timing and
      manner of any resales by the Participant or other subsequent transfers by the
      Participant of any Common Shares issued under an Award, including without
      limitation (i) restrictions under an insider trading policy or pursuant to
      applicable law, (ii) restrictions designed to delay and/or coordinate the timing
      and manner of sales by Participant and holders of other Company equity
      compensation arrangements, (iii) restrictions as to the use of a specified
      brokerage firm for such resales or other transfers, and (iv) provisions
      requiring Common Shares to be sold on the open market or to the Company in
      order
      to satisfy tax withholding or other obligations.</font></div><br>
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">8</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>11.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Adjustment
      of and Changes in the Stock</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">The
      number and kind of Common Shares available for issuance under this Plan
      (including under any Awards then outstanding), and the number and kind of Common
      Shares subject to the limits set forth in Section&#160;5 of this Plan, shall be
      equitably adjusted by the Committee to reflect any reorganization,
      reclassification, combination of shares, stock split, reverse stock split,
      spin-off, dividend or distribution of securities, property or cash (other than
      regular, quarterly cash dividends), or any other equity restructuring
      transaction, as that term is defined in Statement of Financial Accounting
      Standards No. 123 (revised). Such adjustment may be designed to comply with
      Section&#160;425 of the Code or, except as otherwise expressly provided in
      Section&#160;5(c) of this Plan, may be designed to treat the Common Shares
      available under the Plan and subject to Awards as if they were all outstanding
      on the record date for such event or transaction or to increase the number
      of
      such Common Shares to reflect a deemed reinvestment in Common Shares of the
      amount distributed to the Company&#8217;s securityholders. The terms of any
      outstanding Award shall also be equitably adjusted by the Committee as to price,
      number or kind of Common Shares subject to such Award, vesting, and other terms
      to reflect the foregoing events, which adjustments need not be uniform as
      between different Awards or different types of Awards.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">In
      the
      event there shall be any other change in the number or kind of outstanding
      Common Shares, or any stock or other securities into which such Common Shares
      shall have been changed, or for which it shall have been exchanged, by reason
      of
      a change of control, other merger, consolidation or otherwise in circumstances
      that do not involve an equity restructuring transaction, as that term is defined
      in Statement of Financial Accounting Standards No. 123 (revised), then the
      Committee shall determine the appropriate adjustment, if any, to be effected.
      In
      addition, in the event of such change described in this paragraph, the Committee
      may accelerate the time or times at which any Award may be exercised and may
      provide for cancellation of such accelerated Awards that are not exercised
      within a time prescribed by the Committee in its sole discretion.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">No
      right
      to purchase fractional shares shall result from any adjustment in Awards
      pursuant to this Section&#160;11. In case of any such adjustment, the Common
      Shares subject to the Award shall be rounded down to the nearest whole share.
      The Company shall notify Participants holding Awards subject to any adjustments
      pursuant to this Section&#160;11 of such adjustment, but (whether or not notice
      is given) such adjustment shall be effective and binding for all purposes of
      the
      Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>12.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Qualifying
      Performance-Based Compensation</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>General</em>.
      The Committee may establish performance criteria and level of achievement versus
      such criteria that shall determine the number of Common Shares, units, or cash
      to be granted, retained, vested, issued or issuable under or in settlement
      of or
      the amount payable pursuant to an Award, which criteria may be based on
      Qualifying Performance Criteria or other standards of financial performance
      and/or personal performance evaluations. In addition,</font></div><br>
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      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">9</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">the
      Committee may specify that an Award or a portion of an Award is intended to
      satisfy the requirements for &#8220;performance-based compensation&#8221; under
      Section&#160;162(m) of the Code, provided that the performance criteria for such
      Award or portion of an Award that is intended by the Committee to satisfy the
      requirements for &#8220;performance-based compensation&#8221; under Section&#160;162(m) of
      the Code shall be a measure based on one or more Qualifying Performance Criteria
      selected by the Committee and specified at the time the Award is granted. The
      Committee shall certify the extent to which any Qualifying Performance Criteria
      has been satisfied, and the amount payable as a result thereof, prior to
      payment, settlement or vesting of any Award that is intended to satisfy the
      requirements for &#8220;performance-based compensation&#8221; under Section&#160;162(m) of
      the Code. Notwithstanding satisfaction of any performance goals, the number
      of
      Common Shares issued under or the amount paid under an award may, to the extent
      specified in the Award Agreement, be reduced by the Committee on the basis
      of
      such further considerations as the Committee in its sole discretion shall
      determine.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Qualifying
      Performance Criteria</em>. For purposes of this Plan, the term &#8220;Qualifying
      Performance Criteria&#8221; shall mean any one or more of the following performance
      criteria, either individually, alternatively or in any combination, applied
      to
      either the Company as a whole or to a business unit or Subsidiary, either
      individually, alternatively or in any combination, and measured either annually
      or cumulatively over a period of years, on an absolute basis or relative to
      a
      pre-established target, to previous years&#8217; results or to a designated comparison
      group, in each case as specified by the Committee: (i) cash flow (before or
      after dividends), (ii) earnings or earnings per share (including earnings before
      interest, taxes, depreciation and amortization), (iii)&#160;stock price, (iv)
      return on equity, (v) total stockholder return, (vi) return on capital or
      investment (including return on total capital, return on invested capital,
      or
      return on investment), (vii) return on assets or net assets, (viii) market
      capitalization, (ix) economic value added, (x)&#160;debt leverage (debt to
      capital), (xi) revenue, (xii) income or net income, (xiii) operating income,
      (xiv) operating profit or net operating profit, (xv) operating margin or profit
      margin, (xvi) return on operating revenue, (xvii) cash from operations, (xviii)
      operating ratio, (xix) operating revenue, or (xx) customer service. To the
      extent consistent with Section&#160;162(m) of the Code, the Committee
      (A)&#160;shall appropriately adjust any evaluation of performance under a
      Qualifying Performance Criteria to eliminate the effects of charges for
      restructurings, discontinued operations, extraordinary items and all items
      of
      gain, loss or expense determined to be extraordinary or unusual in nature or
      related to the acquisition or disposal of a segment of a business or related
      to
      a change in accounting principle all as determined in accordance with standards
      established by opinion No.&#160;30 of the Accounting Principles Board (APA
      Opinion No. 30) or other applicable or successor accounting provisions, as
      well
      as the cumulative effect of accounting changes, in each case as determined
      in
      accordance with generally accepted accounting principles or identified in the
      Company&#8217;s financial statements or notes to the financial statements, and (B) may
      appropriately adjust any evaluation of performance under a Qualifying
      Performance Criteria to exclude any of the following events that occurs during
      a
      performance period: (i) asset write-downs, (ii) litigation, claims, judgments
      or
      settlements, (iii)&#160;the effect of changes in tax law or other such laws or
      provisions affecting reported results, (iv)&#160;accruals for reorganization and
      restructuring programs and (v) accruals of any amounts for payment under this
      Plan or any other compensation arrangement maintained by the
      Company.</font></div><br>
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">10</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>13.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Transferability</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">Unless
      the Committee provides otherwise, each Award may not be sold, transferred,
      pledged, assigned, or otherwise alienated or hypothecated by a Participant
      other
      than by will or the laws of descent and distribution, and each Option or Stock
      Appreciation Right shall be exercisable only by the Participant during his
      or
      her lifetime.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>14.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Compliance
      with Laws and Regulations</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">This
      Plan, the grant, issuance, vesting, exercise and settlement of Awards
      thereunder, and the obligation of the Company to sell, issue or deliver Common
      Shares under such Awards, shall be subject to all applicable foreign, federal,
      state and local laws, rules and regulations, stock exchange rules and
      regulations, and to such approvals by any governmental or regulatory agency
      as
      may be required. The Company shall not be required to register in a
      Participant&#8217;s name or deliver any Common Shares prior to the completion of any
      registration or qualification of such shares under any foreign, federal, state
      or local law or any ruling or regulation of any government body which the
      Committee shall determine to be necessary or advisable. To the extent the
      Company is unable to or the Committee deems it infeasible to obtain authority
      from any regulatory body having jurisdiction, which authority is deemed by
      the
      Company&#8217;s counsel to be necessary to the lawful issuance and sale of any Common
      Shares hereunder, the Company and its Subsidiaries shall be relieved of any
      liability with respect to the failure to issue or sell such Common Shares as
      to
      which such requisite authority shall not have been obtained. No Option shall
      be
      exercisable and no Common Shares shall be issued and/or transferable under
      any
      other Award unless a registration statement with respect to the Common Shares
      underlying such Option is effective and current or the Company has determined
      that such registration is unnecessary.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>15.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Withholding</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">To
      the
      extent required by applicable federal, state, local or foreign law, a
      Participant shall be required to satisfy, in a manner satisfactory to the
      Company, any withholding tax obligations that arise by reason of an Option
      exercise, disposition of Common Shares issued under an Incentive Stock Option,
      the vesting of or settlement of an Award, an election pursuant to
      Section&#160;83(b) of the Code or otherwise with respect to an Award. The
      Company and its Subsidiaries shall not be required to issue Common Shares,
      make
      any payment or to recognize the transfer or disposition of Common Shares until
      such obligations are satisfied. The Committee may provide for or permit the
      minimum statutory withholding obligations to be satisfied through the mandatory
      or elective sale of Common Shares and/or by having the Company withhold a
      portion of the Common Shares that otherwise would be issued to him or her upon
      exercise of the Option or the vesting or settlement of an Award, or by tendering
      Common Shares previously acquired.</font></div><br>
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>16.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><strong>Administration
      of the Plan</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(a)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Committee
      of the Plan</em>. The Plan shall be administered by the Compensation Committee
      of the Board or the Board itself. Any power of the Committee may also be
      exercised by the Board, except to the extent that the grant or exercise of
      such
      authority would cause any Award or transaction to become subject to (or lose
      an
      exemption under) the short-swing profit recovery provisions of Section&#160;16
      of the Securities Exchange Act of 1934 or cause an Award designated as a
      Performance Award not to qualify for treatment as performance-based compensation
      under Section&#160;162(m) of the Code. To the extent that any permitted action
      taken by the Board conflicts with action taken by the Committee, the Board
      action shall control. The Compensation Committee may by resolution authorize
      one
      or more officers of the Company to perform any or all things that the Committee
      is authorized and empowered to do or perform under the Plan, and for all
      purposes under this Plan, such officer or officers shall be treated as the
      Committee; provided, however, that the resolution so authorizing such officer
      or
      officers shall specify the total number of Awards (if any) such officer or
      officers may award pursuant to such delegated authority, and any such Award
      shall be subject to the form of Award Agreement theretofore approved by the
      Compensation Committee. No such officer shall designate himself or herself
      as a
      recipient of any Awards granted under authority delegated to such officer.
      In
      addition, the Compensation Committee may delegate any or all aspects of the
      day-to-day administration of&#160;&#160;the Plan to one or more officers or
      employees of the Company or any Subsidiary, and/or to one or more
      agents.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(b)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Powers
      of Committee</em>. Subject to the express provisions of this Plan, the Committee
      shall be authorized and empowered to do all things that it determines to be
      necessary or appropriate in connection with the administration of this Plan,
      including, without limitation: (i) to prescribe, amend and rescind rules and
      regulations relating to this Plan and to define terms not otherwise defined
      herein; (ii) to determine which persons are Participants, to which of such
      Participants, if any, Awards shall be granted hereunder and the timing of any
      such Awards; (iii)&#160;to grant Awards to Participants and determine the terms
      and conditions thereof, including the number of Common Shares subject to Awards
      and the exercise or purchase price of such Common Shares and the circumstances
      under which Awards become exercisable or vested or are forfeited or expire,
      which terms may but need not be conditioned upon the passage of time, continued
      employment, the satisfaction of performance criteria, the occurrence of certain
      events (including events which constitute a change of control), or other
      factors; (iv) to establish and verify the extent of satisfaction of any
      performance goals or other conditions applicable to the grant, issuance,
      exercisability, vesting and/or ability to retain any Award; (v) to prescribe
      and
      amend the terms of the agreements or other documents evidencing Awards made
      under this Plan (which need not be identical) and the terms of or form of any
      document or notice required to be delivered to the Company by Participants
      under
      this Plan; (vi) to determine the extent to which adjustments are required
      pursuant to Section&#160;11; (vii) to interpret and construe this Plan, any
      rules and regulations under this Plan and the terms and conditions of any Award
      granted hereunder, and to make exceptions to any such provisions in good faith
      and for the benefit of the Company; and (viii) to make all other determinations
      deemed necessary or advisable for the administration of this Plan.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        </div>
      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(c)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Determinations
      by the Committee</em>. All decisions, determinations and interpretations by the
      Committee regarding the Plan, any rules and regulations under the Plan and
      the
      terms and conditions of or operation of any Award granted hereunder, shall
      be
      final and binding on all Participants, beneficiaries, heirs, assigns or other
      persons holding or claiming rights under the Plan or any Award. The Committee
      shall consider such factors as it deems relevant, in its sole and absolute
      discretion, to making such decisions, determinations and interpretations
      including, without limitation, the recommendations or advice of any officer
      or
      other employee of the Company and such attorneys, consultants and accountants
      as
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      Board
      may amend, alter or discontinue this Plan and the Committee may amend, or alter
      any agreement or other document evidencing an Award made under this Plan but,
      except as specifically provided for hereunder, no such amendment shall, without
      the approval of the stockholders of the Company (a)&#160;reduce the exercise
      price of outstanding Options or Stock Appreciation Rights, (b)&#160;reduce the
      price at which Options may be granted below the price provided for in
      Section&#160;6 or (c)&#160;otherwise amend the Plan in any manner requiring
      stockholder approval by law or under the NASDAQ&#8217;s listing requirements. No
      amendment or alteration to the Plan or an Award or Award Agreement shall be
      made
      which would impair the rights of the holder of an Award, without such holder&#8217;s
      consent, provided that no such consent shall be required if the Committee
      determines in its sole discretion and prior to the date of any change of control
      that such amendment or alteration either is required or advisable in order
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      the Company, the Plan or the Award to satisfy any law or regulation or to meet
      the requirements of or avoid adverse financial accounting consequences under
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      Liability of Company</em><em>. </em>The Company and any Subsidiary or affiliate
      which is in existence or hereafter comes into existence shall not be liable
      to a
      Participant or any other person as to: (i) the non-issuance or sale of Common
      Shares as to which the Company has been unable to obtain from any regulatory
      body having jurisdiction the authority deemed by the Company&#8217;s counsel to be
      necessary to the lawful issuance and sale of any Common Shares hereunder; and
      (ii) any tax consequence expected, but not realized, by any Participant or
      other
      person due to the receipt, exercise or settlement of any Award granted
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      of Plan</em>. Neither the adoption of this Plan by the Board nor the submission
      of this Plan to the stockholders of the Company for approval shall be construed
      as creating any limitations on the power of the Board or the Committee to adopt
      such other incentive arrangements as either may deem desirable, including
      without limitation, the granting of restricted stock or stock options otherwise
      than under this Plan or an arrangement not intended to qualify under Code
      Section&#160;162(m), and such arrangements may be either generally applicable or
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      interpreted and construed in accordance with the laws of the Delaware and
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      <div id="FTR">
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        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt;">13</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(d)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>No
      Right to Employment, Reelection or Continued Service</em>. Nothing in this Plan
      or an Award Agreement shall interfere with or limit in any way the right of
      the
      Company, its Subsidiaries and/or its affiliates to terminate any Participant&#8217;s
      employment, service on the Board or service for the Company at any time or
      for
      any reason not prohibited by law, nor shall this Plan or an Award itself confer
      upon any Participant any right to continue his or her employment or service
      for
      any specified period of time. Neither an Award nor any benefits arising under
      this Plan shall constitute an employment contract with the Company, any
      Subsidiary and/or its affiliates. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;">(e)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt;">&#160;&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;"><em>Unfunded
      Plan</em>. The Plan is intended to be an unfunded plan. Participants are and
      shall at all times be general creditors of the Company with respect to their
      Awards. If the Committee or the Company chooses to set aside funds in a trust
      or
      otherwise for the payment of Awards under the Plan, such funds shall at all
      times be subject to the claims of the creditors of the Company in the event
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