<SUBMISSION>
<ACCESSION-NUMBER>0001104659-05-002627
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>8
<PERIOD>20050308
<FILING-DATE>20050126
<DATE-OF-FILING-DATE-CHANGE>20050126
<EFFECTIVENESS-DATE>20050126
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>TRANSACTION SYSTEMS ARCHITECTS INC
<CIK>0000935036
<ASSIGNED-SIC>7372
<IRS-NUMBER>470772104
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>000-25346
<FILM-NUMBER>05549765
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>224 SOUTH 108TH AVE
<CITY>OMAHA
<STATE>NE
<ZIP>68154
<PHONE>4023907600
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>224 SOUTH 108TH
<CITY>OMAHA
<STATE>NE
<ZIP>68154
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>a05-1227_1def14a.htm
<DESCRIPTION>DEF 14A
<TEXT>
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<body lang="EN-US" link="#000000" vlink="purple">

<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="UnitedStatesSecuritiesAndExchangeCo"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="Schedule14a"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;">SCHEDULE 14A</font></b></a></p>



<p align="center" style="margin:0pt 0pt 10.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy Statement
Pursuant to Section 14(a) of<br>
the Securities Exchange Act of 1934</font></p>



<div align="center">



<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;font-family:Times New Roman;width:100.0%;">
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;">Filed by the Registrant&nbsp;&nbsp;<font face="Wingdings">x</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filed by a Party other than
  the Registrant&nbsp;&nbsp;</font><font face="Wingdings">o</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="2" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:4.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check the appropriate box:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:95.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preliminary Proxy Statement</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:95.82%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Confidential, for Use of the Commission Only (as
  permitted by Rule 14a-6(e)(2))</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:95.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Proxy Statement</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:95.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Definitive Additional Materials</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.18%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:95.82%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Soliciting Material Pursuant to &#167;240.14a-12</font></p>
  </td>
 </tr>
</table>



</div>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="100%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="font-size:10.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;">TRANSACTION SYSTEMS
  ARCHITECTS,&nbsp;INC.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of Registrant
  as Specified In Its Charter)</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name of Person(s)
  Filing Proxy Statement, if other than the Registrant)</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan="3" valign="top" style="padding:0pt 0pt 0pt 0pt;width:100.0%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment of Filing Fee (Check the appropriate box):</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">x</font></p>
  </td>
  <td width="95%" colspan="2" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:95.66%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fee required.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" colspan="2" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:95.66%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee computed on table below per Exchange Act Rules
  14a-6(i)(1) and&nbsp;0-11.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title of each class of securities to which
  transaction applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Aggregate number of securities to which transaction
  applies:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Per unit price or other underlying value of
  transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount
  on which the filing fee is calculated and state how it was determined):</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed maximum aggregate value of transaction:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total fee paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" colspan="2" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:95.66%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fee paid previously with preliminary materials.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font></p>
  </td>
  <td width="95%" colspan="2" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:95.66%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check box if any part of the fee is offset as
  provided by Exchange Act Rule&nbsp;0-11(a)(2) and identify the filing for
  which the offsetting fee was paid previously. Identify the previous filing by
  registration statement number, or the Form or Schedule and the date of its
  filing.</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amount Previously Paid:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form, Schedule or Registration Statement No.:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Filing Party:</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date Filed:</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <td width="4%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:4.34%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:4.94%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
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  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0pt 0pt 0pt 0pt;width:90.72%;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Persons who are to respond to the collection of
  information contained in this form are not required to respond unless the
  form displays a currently valid OMB control number.</font></b></p>
  </td>
 </tr>
</table>

</div>

<p style="font-size:1.0pt;line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font face="Times New Roman">&nbsp;</font></p>

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<p align="center" style="line-height:12.0pt;margin:6.0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="letter-spacing:-.1pt;"><img width="257" height="103" src="g12271bcimage002.gif"></font></p>



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  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"></p>
  </td>
  <td width="208" valign="top" style="padding:0pt .7pt 0pt 0pt;width:156.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;26, 2005</font></p>
  </td>
 </tr>
</table>



<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Stockholder:</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You are cordially invited to attend the 2005 Annual
Meeting of Stockholders that will be held on Tuesday, March&nbsp;8, 2005, at
10:00&nbsp;a.m. local time at the Omaha Marriott Hotel located at 10220 Regency
Circle, Omaha, Nebraska.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Details of the business to be conducted at the 2005
Annual Meeting of Stockholders are provided in the attached Notice of Annual
Meeting and Proxy Statement.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Please use this opportunity to take part in the
affairs of your Company. Whether or not you plan to attend the Annual Meeting,
please complete, date, sign and return the accompanying proxy
card
in the enclosed postage-paid envelope, or vote via the Internet or telephone. Please
refer to the enclosed proxy card
for instructions on voting via the Internet or telephone or, if your shares are
registered in the name of a broker or bank, please refer to the information
forwarded by the broker or bank to determine if Internet or telephone voting is
available to you.</font></p>

<p style="margin:0pt 0pt 24.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On behalf of the Board of
Directors, we appreciate your continued interest in your Company.</font></p>

<p style="line-height:12.0pt;margin:6.0pt 0pt .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>

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  <td width="380" valign="top" style="padding:0pt .7pt 0pt 0pt;width:285.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"></p>
  </td>
  <td width="228" valign="top" style="padding:0pt .7pt 0pt 0pt;width:170.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sincerely,</font></p>
  </td>
 </tr>
 <tr>
  <td width="380" valign="top" style="padding:0pt .7pt 0pt 0pt;width:285.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="228" valign="top" style="padding:0pt .7pt 0pt 0pt;width:170.85pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman"><img width="179" height="108" src="g12271bcimage004.gif"></font></p>
  </td>
 </tr>
 <tr>
  <td width="380" valign="top" style="padding:0pt .7pt 0pt 0pt;width:285.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="228" valign="top" style="padding:0pt .7pt 0pt 0pt;width:170.85pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Harlan F. Seymour</font></p>
  </td>
 </tr>
 <tr>
  <td width="380" valign="top" style="padding:0pt .7pt 0pt 0pt;width:285.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="228" valign="top" style="padding:0pt .7pt 0pt 0pt;width:170.85pt;">
  <p style="margin:0pt 0pt .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Chairman of the Board of Directors</font></i></p>
  </td>
 </tr>
</table>

<p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;">TRANSACTION SYSTEMS ARCHITECTS,&nbsp;INC.</font></b></p>

<p style="line-height:9.0pt;margin:0pt 0pt 6.0pt;text-align:center;"></p>

<div style="line-height:9.0pt;margin:0pt 0pt 6.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:12.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;">NOTICE OF ANNUAL MEETING OF
STOCKHOLDERS<br>
to be held on March&nbsp;8, 2005</p>

<p style="line-height:9.0pt;margin:0pt 0pt 12.0pt;text-align:center;"></p>

<div style="line-height:9.0pt;margin:0pt 0pt 12.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;">The 2005 Annual Meeting of
Stockholders (&#147;Annual Meeting&#148;) of Transaction Systems Architects,&nbsp;Inc.
(the &#147;Company&#148;) will be held on Tuesday, March&nbsp;8, 2005, at 10:00&nbsp;a.m.
local time at the Omaha Marriott Hotel located at 10220 Regency Circle, Omaha,
Nebraska, for the following purposes:</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To elect six
directors to hold office until the 2006 Annual Meeting of Stockholders;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">2.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="letter-spacing:-.1pt;">To
vote upon a proposal to amend
the Company&#146;s Certificate of Incorporation to </font>increase the number of
authorized shares of the Company&#146;s common stock from 50,000,000 to 70,000,000
shares and otherwise to simplify <font style="letter-spacing:-.1pt;">the
capitalization of the Company;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To vote upon a
proposal to amend the Company&#146;s Certificate of Incorporation to modernize the
Certificate of Incorporation and to provide for certain other clarifying
amendments;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To vote upon a
proposal to adopt the Company&#146;s 2005 Equity and Performance Incentive Plan;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To vote upon a
proposal to ratify the appointment of KPMG LLP as the Company&#146;s independent
auditors; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 40.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To transact such
other business as may properly come before the Annual Meeting or any adjournment
or postponement of the Annual Meeting.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board of Directors has fixed the close of business
on January&nbsp;10, 2005 as the record date for determining the stockholders
entitled to notice of and to vote at the Annual Meeting and any adjournment of
the Annual Meeting. Each share of the Company&#146;s Class&nbsp;A Common Stock is
entitled to one vote on all matters presented at the Annual Meeting.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ALL HOLDERS OF THE COMPANY&#146;S CLASS&nbsp;A COMMON STOCK
(WHETHER THEY EXPECT TO ATTEND THE ANNUAL MEETING OR NOT) ARE REQUESTED TO
PROMPTLY COMPLETE, DATE, SIGN AND RETURN THE PROXY CARD ENCLOSED WITH THIS
NOTICE OR VOTE VIA THE INTERNET OR TELEPHONE. FOR FURTHER DETAILS, SEE &#147;PROXY
VOTING AND REVOCABILITY OF PROXIES&#148; IN THE PROXY STATEMENT.</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="398" valign="top" style="padding:0pt .7pt 0pt 0pt;width:298.85pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"></p>
  </td>
  <td width="210" valign="top" style="padding:0pt .7pt 0pt 0pt;width:157.35pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;">By
  Order of the Board of Directors,</p>
  </td>
 </tr>
 <tr>
  <td width="398" valign="top" style="padding:0pt .7pt 0pt 0pt;width:298.85pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="210" valign="top" style="padding:0pt .7pt 0pt 0pt;width:157.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman"><img width="209" height="51" src="g12271beimage002.gif"></font></p>
  </td>
 </tr>
 <tr>
  <td width="398" valign="top" style="padding:0pt .7pt 0pt 0pt;width:298.85pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="210" valign="top" style="padding:0pt .7pt 0pt 0pt;width:157.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis P. Byrnes<i><font style="font-style:italic;"><br>
  Secretary</font></i></font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>



<p style="margin:0pt 0pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;26, 2005</font></p>




 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>
 <p style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><a name="TableOfContents"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">TABLE OF CONTENTS</font></b></a></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#Informationaboutthemeetingvotingan" title="Click to goto INFORMATION ABOUT THE MEETING, VOTING AND PROXIES">INFORMATION ABOUT THE
  MEETING, VOTING AND PROXIES</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#Proposal1" title="Click to goto PROPOSAL 1">PROPOSAL
  1 &nbsp;&#151; &nbsp;ELECTION OF DIRECTORS</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#GeneralInformation" title="Click to goto GENERAL INFORMATION">GENERAL INFORMATION REGARDING THE
  BOARD AND ITS COMMITTEES</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.1pt;"><a href="a05-1227_1def14a.htm#Proposals2And3" title="Click to goto PROPOSALS 2 AND 3">PROPOSAL
  2 &nbsp;&#151; &nbsp;AMENDMENT OF THE CERTIFICATE OF
  INCORPORATION TO <font style="letter-spacing:0pt;">INCREASE THE NUMBER OF AUTHORIZED
  SHARES OF THE COMPANY&#146;S COMMON STOCK FROM 50,000,000 TO 70,000,000 SHARES AND
  OTHERWISE TO SIMPLIFY </font>THE CAPITAL STRUCTURE OF THE COMPANY</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#Proposals2And3" title="Click to goto PROPOSALS 2 AND 3">PROPOSAL 3 &nbsp;&#151; &nbsp;AMENDMENT OF
  THE CERTIFICATE OF INCORPORATION TO MODERNIZE AND CLARIFY THE PROVISIONS OF
  THE CERTIFICATE
  OF INCORPORATION</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#Proposal4" title="Click to goto PROPOSAL 4">PROPOSAL
  4 &nbsp;&#151; &nbsp;ADOPTION OF THE 2005 EQUITY AND PERFORMANCE
  INCENTIVE PLAN</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#ReportOfAuditCommittee" title="Click to goto REPORT OF AUDIT COMMITTEE">REPORT OF AUDIT COMMITTEE</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#Proposal5" title="Click to goto PROPOSAL 5">PROPOSAL
  5 &nbsp;&#151; &nbsp;RATIFICATION OF APPOINTMENT OF INDEPENDENT
  AUDITORS</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#InformationRegardingStockOwnership" title="Click to goto INFORMATION REGARDING STOCK OWNERSHIP">INFORMATION
  REGARDING STOCK OWNERSHIP</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#InformationRegardingExecutiveOfficer" title="Click to goto INFORMATION REGARDING EXECUTIVE OFFICER COMPENSATION">INFORMATION
  REGARDING EXECUTIVE OFFICER COMPENSATION</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#EmploymentAndChangeincontrolAgreeme" title="Click to goto EMPLOYMENT AND CHANGE-IN-CONTROL AGREEMENTS">EMPLOYMENT
  AND CHANGE-IN-CONTROL AGREEMENTS</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#ReportOfCompensationCommittee" title="Click to goto REPORT OF COMPENSATION COMMITTEE">REPORT OF COMPENSATION
  COMMITTEE</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#PerformanceGraph" title="Click to goto PERFORMANCE GRAPH">PERFORMANCE GRAPH</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#AnnualReport" title="Click to goto ANNUAL REPORT">ANNUAL REPORT</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#StockholderProposals" title="Click to goto STOCKHOLDER PROPOSALS">STOCKHOLDER PROPOSALS</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#OtherMatters" title="Click to goto OTHER MATTERS">OTHER MATTERS</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#AnnexA" title="Click to goto ANNEX A">ANNEX A
  &#151; AMENDED AND RESTATED CERTIFICATE OF INCORPORATION</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-1</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="589" valign="top" style="padding:0pt .7pt 0pt 0pt;width:441.7pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;"><a href="a05-1227_1def14a.htm#AnnexB" title="Click to goto ANNEX B">ANNEX B &#151; 2005
  EQUITY AND PERFORMANCE INCENTIVE PLAN</a></font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.1pt;">
  <p style="margin:6.0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-1</font></p>
  </td>
  <td width="0" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Proxy Statement contains a report issued by our
Compensation Committee relating to executive compensation for fiscal 2004, a
report issued by our Audit Committee relating to certain of its activities
during fiscal 2004, and a chart titled &#147;Company Stock Price Performance.&#148;
Stockholders should be aware that under SEC rules, these committee reports and
the stock price performance chart are not considered &#147;filed&#148; with the SEC under
the Securities Exchange Act of 1934, and are not incorporated by reference in
any past or future filing by the Company under the Securities Exchange Act of
1934 or the Securities Act of 1933, unless these sections are specifically
referenced.</font></p>


 <p style="margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\kdefran\05-1227-1\task282295\1227-1-bg.htm',USER='kdefran',CD='Jan 25 21:22 2005' -->



<br clear="all" style="page-break-before:always;">

<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;">TRANSACTION SYSTEMS ARCHITECTS,&nbsp;INC.</font></b></p>

<p style="line-height:9.0pt;margin:0pt 0pt 6.0pt;text-align:center;"></p>

<div style="line-height:9.0pt;margin:0pt 0pt 6.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><font size="3" style="font-size:12.0pt;">PROXY
STATEMENT<br>
ANNUAL MEETING OF STOCKHOLDERS<br>
to be held on March&nbsp;8, 2005</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"></p>

<div style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="center" style="width:120.0pt;">

</font></b></div>

<p style="font-family:Times New Roman;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="Informationaboutthemeetingvotingan">INFORMATION ABOUT THE MEETING, VOTING
AND PROXIES</a></p>



<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Proxy Statement is being
furnished in connection with the solicitation by and on behalf of the Board of
Directors (the &#147;Board&#148;) of Transaction Systems Architects,&nbsp;Inc. (the &#147;Company&#148;
or &#147;TSA&#148;) of proxies to be used at the 2005 Annual
Meeting of Stockholders of the Company (the &#147;Annual Meeting&#148;) to be held on
Tuesday, March&nbsp;8, 2005, at 10:00&nbsp;a.m. local time at the Omaha
Marriott Hotel located at 10220 Regency Circle, Omaha, Nebraska, and any
postponement or adjournment thereof. A copy of the Company&#146;s annual report to
stockholders, including the Company&#146;s annual report on Form&nbsp;10-K for the
fiscal year ended September&nbsp;30, 2004 (&#147;fiscal 2004&#148;), which includes the
Company&#146;s financial statements for fiscal 2004&#160;
(the &#147;Annual Report&#148;), accompanies this Proxy Statement. &#160;Beginning on or about January&nbsp;26,
2005, this Proxy Statement, the accompanying proxy card and the Annual Report
are being mailed to holders of the Company&#146;s Class&nbsp;A Common Stock.</font></p>



<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="ProxyVotingAndRevocabilityOfProxies"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy Voting and Revocability of Proxies</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The shares of the Company&#146;s Class&nbsp;A Common Stock,
$.005 par value per share (&#147;Common Stock&#148;), represented by the proxies received
pursuant to this solicitation and not timely revoked will be voted at the
Annual Meeting. A holder of Common Stock who has given a proxy may revoke it
prior to its exercise either by giving written notice of revocation to the
Secretary of the Company or by giving a duly executed proxy bearing a later
date. Attendance in person at the Annual Meeting does not itself revoke a
proxy; however, any stockholder who attends the Annual Meeting may revoke a
previously submitted proxy by voting in person. Subject to any such revocation,
all Common Stock represented by properly executed proxies will be voted in
accordance with the specifications on the proxy. If no such specifications are
made, proxies will be voted <b><font style="font-weight:bold;">FOR</font></b> each
proposal described herein and, as to any other matter that may be brought
before the Annual Meeting, in accordance with the judgment of the person or
persons voting the same.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholders whose shares of
Common Stock are registered directly with the Company&#146;s transfer agent, Wells
Fargo Bank Minnesota, National Association (&#147;Wells Fargo&#148;), may vote via the
Internet or telephone. Stockholders should refer to the enclosed proxy card for
instructions on voting via the Internet or telephone. The Internet and
telephone voting facilities for Stockholders of record will close at 12:00&nbsp;p.m.
CST (Omaha time) on March&nbsp;7, 2005. Stockholders whose shares are
registered in the name of either a broker or bank should refer to
the information forwarded by either the
broker or bank to determine if Internet or telephone voting is available to
them.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="Recorddateoutstandingsharesandquor"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Record Date, Outstanding Shares and Quorum</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Only holders of Common Stock of record
at the close of business on January&nbsp;10, 2005 (the &#147;Record Date&#148;) are
entitled to notice of and to vote at the Annual Meeting. At the close of
business on the Record Date, there were 38,047,538<b><i><font style="font-style:italic;font-weight:bold;"> </font></i></b>shares of Common Stock issued and
outstanding, excluding 1,476,145 shares of Common Stock
held as treasury stock by the Company. Shares of Common Stock held as treasury
stock are not entitled to be voted. Each stockholder is entitled to one vote
per share of Common Stock held on all matters to be voted on by the Company&#146;s
stockholders. Stockholders may not cumulate their votes in the election of
directors. Unless the context requires </font></p>


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<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">otherwise,
any reference to &#147;shares&#148; in this Proxy Statement refers to all shares of
Common Stock entitled to vote at the Annual Meeting. The presence in person or
by proxy at the Annual Meeting of the holders of a majority of the issued and
outstanding shares entitled to vote at the Annual Meeting shall constitute a
quorum.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="ProxySolicitation"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proxy
Solicitation</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company will bear the
expense of preparing, printing and mailing this Proxy Statement and the proxies
solicited hereby and will reimburse banks, brokerage firms and nominees for
their reasonable expenses in forwarding solicitation materials to beneficial
owners of shares held of record by such banks, brokerage firms and nominees.
The Company has retained Wells Fargo
to assist in the solicitation of proxies at a cost of approximately $4,000,
plus normal out-of-pocket expenses. The Company has also retained D.F. King&nbsp;&amp;
Co.,&nbsp;Inc.<b><i><font style="font-style:italic;font-weight:bold;"> </font></i></b>to perform proxy
solicitation services on its behalf at a cost of $5,000, plus normal
out-of-pocket expenses.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="TreatmentOfAbstentionsAndBrokerNon"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Treatment of Abstentions and Broker Non-Votes</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">While there is no definitive statutory or case law
authority in Delaware as to the proper treatment of abstentions, the Company
believes that abstentions should be counted for purposes of determining both (i)&nbsp;the
presence or absence of a quorum for the transaction of business and (ii)&nbsp;the
total number of shares present in person or by proxy at the Annual Meeting with
respect to a proposal (other than the election of directors). In the absence of
a controlling precedent to the contrary, the Company intends to treat
abstentions in this manner. The effect of an abstention on the outcome of the
voting on a particular proposal depends on the vote required to approve that
proposal, as described in the &#147;Vote Required&#148; section below.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Broker non-votes&#148; are shares present by proxy at the
Annual Meeting and held by brokers or nominees as to which (i)&nbsp;instructions
to vote have not been received from the beneficial owners and (ii)&nbsp;the
broker or nominee does not have discretionary voting power on a particular
matter. Broker non-votes will be counted for purposes of determining the
presence or absence of a quorum for the transaction of business at the Annual
Meeting, but broker non-votes will not be counted for purposes of determining
the number of shares present in person or by proxy at the Annual Meeting with
respect to a particular proposal on which the broker has expressly not voted.
Accordingly, a broker non-vote will not have any effect on the outcome of the
voting on a proposal.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the rules&nbsp;of the
National Association of Securities Dealers, brokers or nominees do not have
discretionary voting power with respect to Proposal 4 relating to the approval
of the 2005 Equity and Performance Incentive Plan but do have discretionary
voting power with respect to all other proposals.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="VoteRequired"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote
Required</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Election of a director requires the affirmative vote
of the holders of a plurality of the shares present in person or represented by
proxy, at a meeting at which a quorum is present. The six persons receiving the
greatest number of votes at the Annual Meeting shall be elected as directors.
Since only affirmative votes count for this purpose, abstentions will not affect
the outcome of the voting on Proposal 1.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to Proposals 2 through 5, the two
proposals relating to amendments to the Company&#146;s current Amended and Restated
Certificate of Incorporation, as amended to date (the &#147;Current Certificate&#148;),
the adoption of the 2005 Equity and Performance Incentive Plan (the &#147;2005
Incentive Plan&#148;) and the ratification of the appointment of the independent
registered public accounting firm (the &#147;independent auditors&#148;), respectively, a
stockholder may mark the </font></p>


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<p style="margin:0pt 0pt 6.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">accompanying form of proxy
card to (i)&nbsp;vote for the matter, (ii)&nbsp;vote against the matter, or (iii)&nbsp;abstain
from voting on the matter.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The affirmative vote of a
majority of the shares of Common Stock outstanding is required for the approval
of Proposals 2 and 3, the proposals relating to amendments to the Current
Certificate. The affirmative vote of a majority of the shares present in person
or by proxy at the Annual Meeting is required for the approval of Proposal 4,
the adoption of the 2005 Incentive Plan. Because a majority of shares
outstanding or present in person or by proxy at the Annual Meeting is required
for approval of Proposals 2, 3 and 4, an abstention will have the legal effect
of a vote against these proposals. The affirmative vote of a majority of the
shares represented at the Annual Meeting and actually voting on Proposal 5, the
ratification of the appointment of independent auditors, is required for the
approval of Proposal 5. Because only a majority of shares actually voting is
required to approve Proposal 5, an abstention will have no effect on the
outcome of the voting on Proposal 5.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="Proposal1"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL
1</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="ElectionOfDirectors"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ELECTION
OF DIRECTORS</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board currently consists of seven members. The
Company&#146;s Amended and Restated Bylaws (the &#147;Bylaws&#148;) provide that from time to
time the Board can fix the authorized number of directors on the Board but such
number shall be no fewer than three nor more than nine. In accordance with the
Company&#146;s Bylaws, the Board has reduced the size of the Board to six members
effective as of the Annual Meeting. Frank R. Sanchez has not been nominated for
re-election at the Annual Meeting. Mr.&nbsp;Sanchez has provided outstanding
service as a director to the Company and its stockholders and his contributions
are greatly appreciated.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The Board has nominated for re-election as
directors Roger K. Alexander, John D. Curtis, Gregory&nbsp;D. Derkacht, Jim D.
Kever, Harlan F. Seymour and John E. Stokely, each to serve until the 2006
Annual Meeting of Stockholders and thereafter until his respective successor is
duly elected and qualified. The Company expects that each of the nominees will
be available for election, but if any of them is not a candidate at the time
the election occurs, it is intended that each share represented by proxy at the
Annual Meeting will be voted for the election of another nominee to be
designated by the Board to fill any such vacancy.  It is
possible, for example, that if the Company locates a successor Chief Executive
Officer (&#147;CEO&#148;) to succeed the Company&#146;s current CEO, who has announced his
intent to retire from the Company, such successor will be named as a nominee to
the Board in place of the Current CEO. In such a case, each share represented
by proxy will be voted for the substituted nominee.
Biographical information regarding each nominee is set forth below.</font></i></p>

<p style="font-style:italic;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><i><font size="2" face="Times New Roman" style="font-style:normal;"></font></i></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="Nominees"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nominees</font></b></a></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger K.
Alexander.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Alexander
has been a director of the Company since February&nbsp;2000. Since October&nbsp;2002,
Mr.&nbsp;Alexander has served as the Chief Executive Officer of Switch Card
Services, which was renamed S2 Card Services Ltd. on December&nbsp;1, 2003, a
privately-held debit card service-company based in the United Kingdom. From January&nbsp;2000
to October&nbsp;2002, Mr.&nbsp;Alexander was a partner in the London office of
Edgar, Dunn&nbsp;&amp; Company, a management-consulting firm based in San
Francisco. From 1994 through 1999, Mr.&nbsp;Alexander was Managing Director of
Barclays Bank Emerging Markets Group, a division of Barclays Bank plc, based in
London, England. Mr.&nbsp;Alexander also serves as a director on a private
company board. Mr.&nbsp;Alexander is 56&nbsp;years old.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D.
Curtis.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Curtis
has been a director of the Company since March&nbsp;2003. Since August&nbsp;2002,
Mr.&nbsp;Curtis has provided legal and business consulting services to various
clients. From July&nbsp;2001 to July&nbsp;2002, Mr.&nbsp;Curtis was General
Counsel of Combined Specialty Corporation and a director of Combined Specialty
Insurance Company, each wholly-owned subsidiaries of Aon Corporation (NYSE:
AOC). From November&nbsp;1995 to July&nbsp;2001, when Aon Corporation acquired
the </p>


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<p style="margin:0pt 0pt 6.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">company, Mr.&nbsp;Curtis was President of First
Extended,&nbsp;Inc., a holding company with two principal operating
subsidiaries: First Extended Service Corporation, an administrator of vehicle
extended service contracts and FFG Insurance Company, a property and casualty
insurance company. Mr.&nbsp;Curtis is 64 years old.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory
D. Derkacht.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Derkacht
has been a director of the Company since December&nbsp;2001 and the President
and Chief Executive Officer of the Company since January&nbsp;2002. Mr.&nbsp;Derkacht
served as President of e-PROFILE, a wholly-owned Internet banking
subsidiary of Sanchez Computer Associates,&nbsp;Inc., from January&nbsp;2000
to February&nbsp;2001. e-PROFILE provided operations and technology solutions
to financial services companies. From August&nbsp;1999 to January&nbsp;2000, Mr.&nbsp;Derkacht
served as President of Credit Union Systems Division, a division of Fiserv,&nbsp;Inc.
(NASDAQ: FISV), which provides information management technology to the
financial industry. Mr.&nbsp;Derkacht served as Chief Executive Officer of
Envision Financial Technologies, a privately-held company providing software
services to the financial industry, from July&nbsp;1997 to August&nbsp;1999,
when Envision was acquired by Fiserv. Mr.&nbsp;Derkacht is
57&nbsp;years&nbsp;old.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jim D.
Kever.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Kever
has been a director of the Company since November&nbsp;1996. Mr.&nbsp;Kever is
a member of Voyent Partners, LLC, a
privately-held investment firm. Mr.&nbsp;Kever has held various positions with
Envoy Corporation, which provides electronic processing services, primarily to
the health care industry, and which became a wholly-owned subsidiary of
Quintiles Transnational Corp. in March&nbsp;1999. From June&nbsp;1995 until May&nbsp;2001,
Mr.&nbsp;Kever served as Envoy&#146;s President and Chief Executive Officer. Mr.&nbsp;Kever
is also a director of (i)&nbsp;Luminex Corporation (NASDAQ: LMNX), a biological
test manufacturer, (ii)&nbsp;3D Systems Corporation (NASDAQ: TDSC), an imaging
system manufacturer, and (iii)&nbsp;Tyson Foods,&nbsp;Inc. (NYSE: TSN), which
produces, distributes and markets beef, chicken, pork and prepared foods. Mr.&nbsp;Kever
is 52&nbsp;years old.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Harlan F.
Seymour.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Seymour
has been a director of the Company since May&nbsp;2002, and has served as
Chairman of the Board since September&nbsp;2002. Mr.&nbsp;Seymour is presently
the sole owner of HFS, LLC, a privately-held investment firm. From June&nbsp;2000
to March&nbsp;2001, Mr.&nbsp;Seymour served as Executive Vice President of
Envoy Corporation, which provides electronic processing services, primarily to
the health care industry, and which became a wholly-owned subsidiary of
Quintiles Transnational Corp. in March&nbsp;1999. From March&nbsp;1999 to June&nbsp;2000,
Mr.&nbsp;Seymour served as an independent consultant to Envoy Corporation. From
July&nbsp;1997 to March&nbsp;1999, Mr.&nbsp;Seymour served as Senior Vice
President of Envoy Corporation. Mr.&nbsp;Seymour is also a director of SCP Pool
Corporation (NASDAQ: POOL), a wholesale distributor of swimming pool supplies
and related equipment, and serves on its audit and governance committees. Mr.&nbsp;Seymour
also serves as a director on three private company boards. Mr.&nbsp;Seymour is
54 years old.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">John E. Stokely.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Mr.&nbsp;Stokely
has been a director of the Company since March&nbsp;2003. Since August&nbsp;1999,
Mr.&nbsp;Stokely has served as President of JES,&nbsp;Inc., an investment and
consulting firm providing strategic and financial advice to companies in
various industries. From 1996 to 1999, Mr.&nbsp;Stokely served as President,
Chief Executive Officer and Chairman of the Board of Richfood Holdings,&nbsp;Inc.,
a publicly traded FORTUNE 500 food retailer and wholesale grocery distributor,
which merged with Supervalu Inc. (NYSE: SVU) in August&nbsp;1999. Mr.&nbsp;Stokely
is also a director of (i)&nbsp;Performance Food Group Company (NASDAQ: PFGC), a
foodservice distributor, (ii)&nbsp;O&#146;Charley&#146;s (NASDAQ: CHUX), a casual dining
restaurant company, and (iii)&nbsp;SCP Pool Corporation (NASDAQ: POOL), a
wholesale distributor of swimming pool supplies and related equipment.
Mr.&nbsp;Stokely is 52 years old.</p>


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<div>

<p style="font-family:Times New Roman;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="GeneralInformation"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">GENERAL
INFORMATION</font></b></a><a name="RegardingTheBoardAndItsCommittees">  <br>
REGARDING THE BOARD AND ITS COMMITTEES</a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board held 12
meetings during fiscal 2004 and seven of the Board meetings were telephonic
meetings. Each director who was a member of the Board during fiscal 2004
attended more than 90% of the meetings of the Board and the committees on which
he served except that one director attended 75% of the meetings of the Board
and the committees on which he served. The Board has adopted a policy that
requires all directors to attend the Company&#146;s annual stockholders&#146; meetings
unless it is not reasonably practicable for a director to do so. All of the
directors attended the Company&#146;s 2004 Annual Meeting of Stockholders.</font></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board
has standing Audit, Compensation, and Nominating and Corporate Governance Committees.
The table below provides current membership and meeting information for each of
the Board committees for fiscal 2004:</font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;">
 <tr>
  <td width="32" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:24.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Name</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="271" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:203.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="40" colspan="3" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:29.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Audit</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="76" colspan="3" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:56.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Compensation</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="118" colspan="3" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:88.15pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Nominating&nbsp;and<br>
  Corporate&nbsp;Governance</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger D. Alexander</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Curtis</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jim D. Kever</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Frank R. Sanchez</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Harlan F. Seymour</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John E. Stokely</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">X</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="310" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:232.2pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Total Meetings in Fiscal 2004</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;width:12.85pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13</font></b></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.9pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="29" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.1pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9</font></b></p>
  </td>
  <td width="30" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:22.15pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;width:12.55pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.8pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;">*<font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Denotes individual
serves as chairman of the committee</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;Kever is no
longer a member of the Audit Committee.
He served on the Audit Committee
until December&nbsp;9, 2003.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mr.&nbsp;Curtis was
appointed to the Audit Committee
by the Board on January&nbsp;27, 2004.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Eight of the 13 Audit
Committee
meetings were held telephonically.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Five of the nine Compensation
Committee
meetings were held telephonically.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Three of the eight Nominating
and Corporate Governance
Committee
meetings were held telephonically.</p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information regarding the
Audit Committee of the Board (the &#147;Audit Committee&#148;) is included in the &#147;Report
of Audit Committee&#148; below. Information regarding the Compensation Committee of
the Board (the &#147;Compensation Committee&#148;) is included in the &#147;Report of
Compensation Committee&#148; below. Information regarding the Nominating and
Corporate Governance Committee of the Board (the &#147;Nominating Committee&#148;) is
included in the &#147;Nominating Committee and Corporate Governance&#148; section below.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="DirectorCompensation"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director Compensation</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each non-employee director receives a $10,000
quarterly fee. The Chairman of the Board receives an additional $5,000
quarterly fee. The chairman of the Audit Committee receives an additional
$2,500 quarterly fee and non-employee directors that serve on the Audit
Committee receive an additional $1,000 quarterly fee. Each Board committee
chairman, other than the chairman of the Audit Committee, receives an
additional $1,250 quarterly fee and non-employee directors who serve on the
Board committees, other than the Audit Committee, receive an additional $750
quarterly fee for service on each committee. &#160;Each non-employee director receives $2,000 for
each Board or Board </font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">5</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">committee meeting attended in
person and $1,000 for each Board or Board committee meeting attended by
telephone. All directors are reimbursed for expenses incurred in connection
with attendance at Board and Board committee meetings.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Company&#146;s 2002
Non-Employee Director Stock Option Plan, as amended and restated as of March&nbsp;9,
2004 (the &#147;2002 Director Plan&#148;), each non-employee director receives an option
to purchase 20,000 shares of Common Stock upon first becoming a member of the
Board. In addition, at the conclusion of each annual stockholders&#146; meeting,
each duly elected non-employee director is granted an option to purchase 4,000
shares of Common Stock. All stock options granted under the 2002 Director Plan
are issued with an exercise price equal to the market value of the Common Stock
on the date of grant. Stock options granted pursuant to the 2002 Director Plan
prior to March&nbsp;9, 2004 vest 33</font><font size="1" style="font-size:6.0pt;position:relative;top:-3.0pt;">1</font><font face="Symbol">&#164;</font><font size="1" style="font-size:6.0pt;">3</font>% annually upon each anniversary of the grant
date. Stock options granted pursuant to the 2002 Director Plan on or after March&nbsp;9,
2004 will vest one year after the grant date. In the event of a change in
control of the Company (as such term is defined in the 2002 Director Plan),
vesting will be accelerated for all options granted under the 2002 Director
Plan.</p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="NominatingAndCorporateGovernanceComm"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nominating and Corporate Governance Committee</font></b></a></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board has a standing
Nominating Committee which operates pursuant to a charter (the &#147;Nominating
Committee Charter&#148;). The full text of the Nominating Committee Charter is
published on the Company&#146;s website at </font><i><font style="font-style:italic;">www.tsainc.com</font></i> in the Investors &#151; Corporate
Governance section. The Nominating Committee members are Messrs.&nbsp;Curtis,
Seymour and Stokely, each of whom is &#147;independent&#148; as defined in Rule&nbsp;4200(a)&nbsp;of
the <font style="letter-spacing:-.1pt;">National Association of Securities
Dealers&#146; (&#147;NASD&#148;)</font> listing standards.</p>

<p style="font-style:italic;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate Governance</font></i></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Nominating Committee regularly monitors corporate
governance developments and reviews Company policies, processes and procedures
in light of these developments to ensure that the Company and the Board adhere
to &#147;best practices&#148; in this arena.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company maintains a corporate governance page&nbsp;on
its website that includes key information about corporate governance matters,
including copies of its Corporate Governance Guidelines, Code of Business
Conduct and Ethics, Code of Ethics for the CEO and Senior Financial Officers
and the charter for each Board committee.</font></p>

<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s Corporate
Governance Guidelines are designed to ensure that the Board follows practices
and procedures that serve the best interests of the Company and its
stockholders. The Nominating Committee is responsible for overseeing these
guidelines and making recommendations to the Board regarding any changes. These
guidelines address, among other things, the following topics:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Performance
Assessments of the Board and its Committees</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Composition
and Independence of the Board and its Committees</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Director
Orientation and Continuing Education</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Policy
on Directors that Change Corporate Affiliations</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Management Responsibilities
and Board Access to Management</p>

<p style="font-style:italic;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director Nomination
Process</font></i></p>

<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Nominating
Committee&#146;s role includes identifying director candidates. The Nominating
Committee did not use or pay any third party to identify or evaluate, or assist
in identifying or </font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">6</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">evaluating,
potential director nominees for election at the Annual Meeting. The Nominating
Committee takes into consideration the following criteria in selecting and
evaluating director candidates:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="font-style:italic;">Independent Directors</font></i>.&nbsp;&nbsp; The Board should include at
least enough independent directors (as determined by NASD rules&nbsp;and
applicable laws and regulations) to satisfy the independent director
requirements of such rules, laws and regulations.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="font-style:italic;">Other Directors</font></i>.<font face="Times New Roman">&nbsp;&nbsp; </font>Subject
to the right of the Nominating Committee and the Board to decide otherwise when
appropriate, the Company&#146;s CEO generally should be a
director. Additionally, depending on the circumstances, certain other members
of management, as well as individuals having relationships with the Company
that prevent them from being independent directors, may be deemed to be
appropriate members of the Board, subject in each case to the requirement under
the Company&#146;s Corporate Governance Guidelines that independent directors shall
comprise at least 75% of the Board.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><i><font style="font-style:italic;">General Criteria for Each Director</font></i>.<font face="Times New Roman">&nbsp;&nbsp; </font>Candidates for positions on the Board
should possess certain qualities. In particular, a director should:</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 50.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>be
an individual of the highest character and integrity;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 50.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>be
free of any conflict of interest that would violate any applicable laws, rules,
or regulations or interfere with the proper performance of the responsibilities
of a director;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 50.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>be
willing and able to devote sufficient time to the affairs of the Company; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 50.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>have
the capacity and desire to represent the balanced, best interests of the
Company&#146;s stockholders as a whole.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the foregoing general criteria, the
Nominating Committee may consider specific criteria relating to the skills, experience,
particular areas of expertise, specific backgrounds and other characteristics
that may enhance the effectiveness of the Board and its committees.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The existing Board is the
source of all of the current nominees for director, each of whom is an incumbent
director. The Nominating Committee based its decision to renominate these
incumbent directors on a consideration of each individual&#146;s contributions,
including the value of his or her experience as a director, the current
composition of the Board and its committees, and the Company&#146;s needs.</font></p>

<p style="font-style:italic;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholder
Recommendations for Director Nominees</font></i></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Nominating Committee will consider stockholder
recommendations for candidates for the Board furnished to the Company as set
forth below in the section entitled &#147;Stockholder Communications with the Board.&#148;</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Nominating Committee did
not receive, by a date not later than the 120th calendar day before the date of
the Company&#146;s proxy statement released to security holders in connection with
its 2004 Annual Meeting of Stockholders, a recommended nominee for election at
this Annual Meeting, from a security holder that beneficially owned more than
5% of the outstanding Common Stock for at least one year as of the date the
recommendation was made, or from a group of security holders that beneficially
owned, in the aggregate, more than 5% of the Company&#146;s outstanding Common
Stock, with each of the securities used to calculate that ownership held for at
least one year as of the date the recommendation was made.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">7</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholder Nomination Process</font></i></p>

<p style="margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Company&#146;s
Bylaws, any stockholder entitled to vote in the election of directors generally
may nominate one or more persons for election as directors at a meeting only if
written notice of such stockholder&#146;s intent to make such nomination or
nominations has been received by the Secretary of the Company not less than 60
nor more than 90 calendar days prior to the first anniversary of the date on
which the Company first mailed its proxy materials for the preceding year&#146;s annual
stockholders&#146; meeting.</font></p>

<p style="margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each such notice shall set
forth: (i)&nbsp;the name and address of the stockholder who intends to make the
nomination and of the person or persons to be nominated; (ii)&nbsp;a
representation that the stockholder is a holder of record of stock of the
Company entitled to vote for the election of directors on the date of such
notice and intends to appear in person or by proxy at the meeting to nominate
the person or persons specified in the notice; (iii)&nbsp;a description of all
arrangements or understandings between the stockholder and each nominee and any
other person or persons (naming such person or persons) pursuant to which the
nomination or nominations are to be made by the stockholder; (iv)&nbsp;such
other information regarding each nominee proposed by such stockholder as would
be required to be included in a proxy statement flied pursuant to the proxy rules&nbsp;of
the Commission, had the nominee been nominated, or intended to be nominated, by
the Board; and (v)&nbsp;the consent of each nominee to serve as a director of
the Company if so elected.</font></p>

<p style="margin:0pt 0pt 10.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To make a nomination for this
Annual Meeting, a stockholder had to submit the required written notice for
director nominations between October&nbsp;30, 2004 and November&nbsp;29, 2004. The
Secretary of the Company did not receive written notice from any stockholder
regarding an intention to make a nomination.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="StockholderCommunicationsWithTheBoar"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholder
Communications with the Board</font></b></a></p>

<p style="margin:0pt 0pt 4.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Communications
from stockholders to the Board, including stockholder director recommendations
and stockholder proposals submitted in accordance with the procedure described
below in the section entitled &#147;Stockholder Proposals&#148; may be sent via e-mail to
<i><font style="font-style:italic;">grp-tsa-directors@tsainc.com</font></i>
or via telephone to (402) 390-8993. These communications will be received by
the Secretary of the Company, who will forward them to the appropriate
committees or members of the Board.</font></p>

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:12.0pt 0pt 12.0pt 0pt;">

<p style="border:none;margin:0pt 0pt 4.0pt;padding:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE BOARD OF DIRECTORS RECOMMENDS
THAT THE STOCKHOLDERS VOTE &#147;FOR&#148; THE NOMINEES LISTED ABOVE.</font></b></p>

</div>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt;page-break-after:avoid;text-align:center;"><a name="Proposals2And3"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSALS 2 AND 3</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt;page-break-after:avoid;text-align:center;"><a name="AmendmentsToTheCertificateOfIncorpo"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDMENTS TO THE
CERTIFICATE OF INCORPORATION</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 5.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="General"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></b></a></p>

<p style="margin:0pt 0pt 5.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board is proposing to
amend and restate the Company&#146;s current Amended and Restated Certificate of
Incorporation, as amended to date (the &#147;Current Certificate&#148;), to increase the
Company&#146;s authorized capital stock and make additional amendments, as more fully
described below. The Board approved the proposed Amended and Restated
Certificate of Incorporation of the Company (the &#147;Proposed Restated Certificate&#148;)
and recommends approval and adoption of Proposals 2 and 3 by the stockholders. The
significant changes that would be effected by the Proposed Restated Certificate
are separated below into Proposals 2 and 3 to allow stockholders to focus on each
significant change. The proposals regarding changes to the Current Certificate
are as follows:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 5.0pt 20.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL 2:</font></b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Change
the capital structure of the Company, which would include an increase in the
number of authorized shares of Common Stock from 50,000,000 to 70,000,000, </p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">8</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 5.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the
elimination of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock (and re-designating the Class&nbsp;A
Common Stock as &#147;Common Stock&#148;) and a decrease in the number of authorized shares of Preferred Stock, as
described more fully below.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL 3:</font></b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Modernize,
make consistent and otherwise clarify the Current Certificate, as described
more fully below.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The proposed amendments to the Current Certificate
under Proposals 2 and 3 are set forth in <i><font style="font-style:italic;">Annex A</font></i>, a form
of the Proposed Restated Certificate.<b><i><font style="font-style:italic;font-weight:bold;"> </font></i></b>If
approved, Proposals 2 and 3 will become effective upon the filing of the
Proposed Restated Certificate with the Secretary of State of the State of
Delaware, which the Company would do promptly after the Annual Meeting. If only one or the other of these proposals
is adopted, the Proposed Restated Certificate would be modified prior to filing
to remove the provisions relating to the proposal that was not adopted, and to
replace such provisions with the corresponding provisions from the Current
Certificate.  A copy of the Current
Certificate is available as Exhibit 3.1 to the Company&#146;s Registration Statement
No. 333-113550 on Form S-8 filed on March 12, 2004. The
following general description of the proposed amendments and the effect of
Proposals 2 and 3 on the Current Certificate is qualified in its entirety by
reference to the text of the Proposed Restated Certificate.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL 2:</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font>Change the capital structure of the Company by
increasing the number of authorized shares of Common Stock from 50,000,000 to
70,000,000, eliminating the Class&nbsp;A and Class&nbsp;B Common Stock (and
re-designating the Class&nbsp;A Common Stock as &#147;Common Stock&#148;) and decreasing
the authorized number of shares of Preferred Stock.</b></p>



<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With the desire to grow and
expand the Company&#146;s business, the Board believes that increasing the
authorized capital stock is in the best interest of the Company because it will
provide flexibility for future business and financial purposes. The Board may
determine that it is in the best interest of the Company to issue additional
shares of capital stock for various purposes, including, without limitation,
expanding the Company&#146;s business through the acquisition of other businesses or
business assets, raising capital, issuing stock options or other equity based
incentives to directors, officers or employees, establishing strategic
relationships with other companies and for working capital and general
corporate and other purposes as the Board may determine. &#160;Except in specific circumstances where
stockholder approval is required by applicable law, a regulatory authority or a
third party, further stockholder approval for the issuance of the authorized
Common Stock or Preferred Stock is not required. The Board believes that the
proposed increase in the authorized capital stock will make a sufficient number
of shares available in the short to medium term should the Company decide to
use the shares for one or more of the purposes identified above or otherwise.  Except for
issuances of Common Stock upon the exercise of options
and other compensatory awards, including potential awards to a new CEO as
discussed below, the Company currently has no specific plans to issue capital
stock.</font></p>



<p style="font-style:italic;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Current Capital
Structure</font></i></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are currently 60,450,000 shares of authorized
capital stock, including 50,000,000 shares of Class&nbsp;A Common Stock, par
value $.005 per share, and 5,000,000 shares of Class&nbsp;B Common Stock, par
value $.005 per share. As of the Record Date there were 38,047,538<b><font style="font-weight:bold;"> </font></b>shares
of Class&nbsp;A Common Stock issued and outstanding, excluding 1,476,145 shares
of Class&nbsp;A Common Stock held as treasury stock by the Company. There are
currently no shares of Class&nbsp;B Common Stock issued and outstanding. The
Company also has 5,450,000 shares of Preferred Stock authorized which the Board
may issue in one or more series. The Board may fix, from time to time before
issuance, the number of shares to be included in any series of Preferred Stock
and the relative powers, preferences, rights and qualifications, limitations or
restrictions on such series. There are currently no shares of Preferred Stock
issued or outstanding.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">9</font></p>
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<div>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The table
below sets forth information as of the Record Date relating to the Company&#146;s
equity compensation plans and employee stock purchase plan.</font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;">
 <tr>
  <td width="358" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:268.15pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Plan&nbsp;Type</font></b></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="107" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Outstanding&nbsp;Options</font></b></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:91.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of&nbsp;Securities<br>
  Remaining&nbsp;Available&nbsp;for<br>
  Future&nbsp;Issuance</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:6.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="358" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:268.15pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equity compensation
  plans approved by stockholders</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,373,085</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">924,609</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="358" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:268.15pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equity compensation plans not approved by stockholders</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,712</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17,025</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="358" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:268.15pt;">
  <p style="margin:6.0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Employee stock
  purchase plan</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:6.0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:6.0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="23" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.4pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:6.0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">794,977</font></p>
  </td>
  <td width="36" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 9.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 10.0pt;text-indent:20.0pt;">As
previously disclosed by the Company, the Board is engaged in a search for a new
CEO to replace the current CEO, Gregory D. Derkacht, who has announced his
intent to retire not later than June 30, 2006.&#160;
In connection with the recruitment and hiring of a new CEO, the Company
may offer equity of the Company to the new CEO.&#160;
If a new CEO is hired before the Annual Meeting, it is possible that the
Company will take advantage of an exception to the NASDAQ rules requiring
stockholder approval of equity compensation arrangements, which would allow the
Board to grant equity of the Company (outside the Company&#146;s
stockholder-approved equity plans) to a person not previously an employee of
the Company as an inducement to the individual&#146;s
entering into employment with the Company.&#160;
An inducement award may be in the form of stock options, restricted
stock, stock-settled stock appreciation rights or other forms of equity
awards.&#160; As required by relevant
Commission and NASDAQ rules, the Company would announce any such inducement
award in a press release and in a Form 8-K filing with the Commission.&#160; If a new CEO is hired after the Annual
Meeting and if stockholders approve the proposed 2005 Incentive Plan at the
Annual Meeting, it is expected that any equity awards to the new CEO will be
made under the 2005 Incentive Plan (and the NASDAQ exception for inducement
awards will not be relied upon).</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposed Capital Structure</font></i></p>

<p style="margin:0pt 0pt 4.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By
approving Proposal&nbsp;2,
you are voting to increase the Company&#146;s authorized capital stock by an additional
14,550,000 shares for total authorized capital stock of 75,000,000&#160;shares; the overall increase
consists of an increase of currently authorized Common Stock, the elimination
of Class&nbsp;A Common Stock and Class&nbsp;B Common Stock and a decrease of
450,000 shares of  authorized Preferred Stock,
resulting in the authorized capitalization set forth below:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>70,000,000
shares of Common Stock, par value $.005 per share. Each share of Class&nbsp;A
Common Stock issued and outstanding upon the filing of the Proposed Restated
Certificate with the Delaware Secretary of State will automatically be
reclassified as one share of Common Stock without any further action by the
Company or any stockholder.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 5.0pt 30.0pt;text-indent:-10.0pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font>5,000,000
shares of Preferred Stock, par value $.01 per share. The Board will be
authorized to issue the shares of Preferred Stock in one or more series and to
fix, from time to time before issuance, the number of shares to be included in
any series of Preferred Stock and the relative powers, preferences, rights and qualifications,
limitations or restrictions on such series.</p>

<p style="margin:0pt 0pt 5.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The practical effects of the
proposed changes to the Company&#146;s authorized capitalization are to: (i)&nbsp;increase
the total number of authorized shares, (ii)&nbsp;eliminate provisions relating
to stock that is no longer outstanding,
(iii)&nbsp;re-designate the Class&nbsp;A Common Stock &#147;Common Stock&#148; without
modification to the rights, preferences or privileges associated with the Class&nbsp;A
Common Stock and (iv)&nbsp;reduce the number of authorized shares of Preferred
Stock. Class&nbsp;A Common Stock has been the only class of Company stock
outstanding since 1995, and it has the rights, preferences and privileges
normally associated with the common stock of a Delaware corporation. By
designating the Company&#146;s common stock &#147;Common Stock,&#148; the Board hopes to
promote stockholders&#146; and other market participants&#146; understanding of the
Company&#146;s capital structure.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">10</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\chanson\05-1227-1\task280011\1227-1-dm.htm',USER='chanson',CD='Jan 21 23:05 2005' -->
<br clear="all" style="page-break-before:always;">




<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There are currently 60,450,000 shares of authorized
capital stock. By voting in favor of Proposal&nbsp;2, you are voting to
increase the Company&#146;s authorized capital stock by an additional 14,550,000
shares for total authorized capital stock of 75,000,000 shares, consisting of 70,000,000
shares of Common Stock, par value of $.005 per share, and 5,000,000 shares of
Preferred Stock, par value $.01 per share. There is no present obligation to
issue additional Common Stock or Preferred Stock, except as may be required in
connection with the exercise of outstanding stock option grants, and the Board
has not yet designated any rights, preferences, privilege or series for the
Preferred Stock.</font></p>



<p style="margin:0pt 0pt 9.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table summarizes certain significant differences between the Current
Certificate and the Proposed Restated Certificate relating to the Company&#146;s
capital structure that would occur if Proposal&nbsp;2 is approved. The tabular
summary below is qualified in its entirety by reference to the full text of the
Proposed Restated Certificate attached as <i><font style="font-style:italic;">Annex A</font></i>.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr height="16" style="height:12.0pt;">
  <td width="613" colspan="9" height="16" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0pt .7pt 0pt 0pt;width:459.8pt;">
  <p style="font-weight:bold;line-height:normal;margin:0pt 0pt 2.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Changes in Capital Structure</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="40" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.3pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-align:left;text-indent:-8.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Subject</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="66" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:49.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="18" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="82" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Current<br>
  Certificate</font></b></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="88" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed<br>
  Restated<br>
  Certificate</font></b></p>
  </td>
  <td width="20" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="273" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Summary of
  Differences</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Authorized Capital Stock</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV<br>
  Section&nbsp;1</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Authorized capital stock will increase from
  60,450,000 shares to 75,000,000 shares, an increase of 14,550,000 shares.</p>
  </td>
 </tr>
 <tr>
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Stock</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p align="center" style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p align="center" style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV<br>
  Section&nbsp;3</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p align="center" style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; The designated Class&nbsp;B Common Stock
  will be eliminated. </p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; The former Class&nbsp;A Common Stock will be
  re-designated &#147;Common Stock&#148; without modification to the rights, preferences
  or privileges associated with the Class&nbsp;A Common Stock.</p>
  </td>
 </tr>
 <tr>
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Authorized shares of Common Stock will
  increase from 50,000,000 shares of Class&nbsp;A Common Stock and 5,000,000
  shares of Class&nbsp;B Common Stock to 70,000,000 shares of Common Stock.</p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Each share of Class&nbsp;A Common Stock
  issued and outstanding upon the filing of the Amended Certificate with the
  Delaware Secretary of State will automatically be reclassified as one share
  of Common Stock without any further action by the Company or any stockholder.</p>
  </td>
 </tr>
 <tr>
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Preferred Stock</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p align="center" style="margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IV<br>
  Section&nbsp;2</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Authorized Preferred Stock will decrease by
  450,000 shares. </p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="113" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:85.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.2pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="82" valign="top" style="padding:0pt .7pt 0pt 0pt;width:61.8pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:14.1pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="88" valign="top" style="padding:0pt .7pt 0pt 0pt;width:65.9pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="20" valign="top" style="padding:0pt .7pt 0pt 0pt;width:15.0pt;">
  <p style="margin:4.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="273" valign="top" style="padding:0pt .7pt 0pt 0pt;width:204.8pt;">
  <p style="font-size:10.0pt;margin:4.0pt 0pt .0001pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; 5,000,000 shares of Preferred Stock will be
  authorized, which the Board may issue in one or more series; and the Board
  may fix, from time to time before issuance, the number of shares included in
  any series of Preferred Stock and the relative powers, preferences, rights
  and qualifications, limitations or restrictions on such series.</p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">11</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-style:italic;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote Required</font></i></p>

<p style="margin:0pt 0pt 4.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
approval of Proposal&nbsp;2 requires the affirmative vote of a majority of the
issued and outstanding shares of Common Stock. Accordingly, an abstention will
have the legal effect of a vote against this proposal. No dissenters&#146; rights
are available under the General Corporation Law of the State of Delaware (&#147;Delaware
Law&#148;) or under the Current Certificate or the Company&#146;s Bylaws to any
stockholder who dissents from this proposal.</font></p>

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:6.0pt 0pt 6.0pt 0pt;">

<p align="left" style="border:none;font-weight:bold;margin:0pt 0pt 8.0pt;padding:0pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:9.5pt;">THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS
VOTE &#147;FOR&#148; PROPOSAL&nbsp;2.</font></b></p>

</div>

<p style="font-weight:bold;margin:0pt 0pt 2.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="Proposal3modernizemakeconsistenta"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL&nbsp;3:
Modernize, make consistent and otherwise clarify the Current Certificate</font></b></a></p>



<p style="margin:0pt 0pt 2.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In this proposal, the Company
is seeking stockholder approval of certain additional amendments that would be
effected by adoption of the Proposed Restated Certificate. The remaining
amendments in the Proposed Restated Certificate are being proposed to change
provisions in the Current Certificate in order to: (i)&nbsp;be more consistent
with, and take greater advantage of, the provisions of Delaware Law and (ii)&nbsp;eliminate
unnecessary provisions of the Current Certificate, including provisions which
are adequately addressed under Delaware Law or in the Bylaws of the Company. In
addition, the Proposed Restated Certificate contains a number of provisions in
which there is no substantive change from the Current Certificate, although the
provisions have been re-worded or re-ordered to improve clarity and
readability.</font></p>



<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table
summarizes certain significant differences between the Current Certificate and
the Proposed Restated Certificate that would occur if Proposal&nbsp;3 is
approved. The tabular summary below
is qualified in its entirety by reference to the full text of the Proposed
Restated Certificate attached as <i><font style="font-style:italic;">Annex A.</font></i></font></p>



<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr height="16" style="height:12.0pt;">
  <td width="613" colspan="9" height="16" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0pt .7pt 0pt 0pt;width:459.6pt;">
  <p style="font-weight:bold;line-height:normal;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additional
  Amendments</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Subject</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="112" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:84.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="80" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Current<br>
  Certificate</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="92" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed<br>
  Restated<br>
  Certificate</font></b></p>
  </td>
  <td width="24" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="219" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Summary of Differences</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="line-height:11.5pt;margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Board of Directors</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;VI</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;VI</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:0pt 0pt 6.0pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Provisions relating to actions that the
  Board is authorized to take will be removed because they are adequately
  addressed under Delaware Law.&nbsp; This amendment will not have a substantive
  effect on the rights of stockholders.</p>
  </td>
 </tr>
 <tr>
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholders Meetings;
  Location of Books; Election of Directors by Written Ballot</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;VII</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No Provision</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt 6.0pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Provisions addressing these subjects will be
  removed because they are addressed in the Company&#146;s Bylaws.&nbsp; This
  amendment will not have a substantive effect on the rights of stockholders.</p>
  </td>
 </tr>
</table>



<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">12</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>



<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr height="16" style="height:12.0pt;">
  <td width="613" colspan="9" height="16" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;height:12.0pt;padding:0pt .7pt 0pt 0pt;width:459.6pt;">
  <p style="font-weight:bold;line-height:normal;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additional Amendments</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:35.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Subject</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="112" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:84.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="16" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="80" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Current<br>
  Certificate</font></b></p>
  </td>
  <td width="17" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="92" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Proposed<br>
  Restated<br>
  Certificate</font></b></p>
  </td>
  <td width="24" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="219" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Summary of Differences</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Contracts with Directors and Officers</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;VIII</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No Provision</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt 6.0pt 9.3pt;page-break-after:avoid;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Provisions stating the law regarding
  contracts with directors, officers and interested directors will be removed
  because these matters are adequately addressed under Delaware Law.&nbsp; This
  amendment will not have a substantive effect on the rights of stockholders.</p>
  </td>
 </tr>
 <tr>
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Electronic Transmission of
  Stockholder Ballot</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No Provision</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;VIII</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt 6.0pt 9.3pt;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Provision enabling the stockholders to vote
  on the election of directors by electronic transmission, as permitted under
  Delaware Law, will be added. This
  amendment will expand the means by which stockholders may vote by enabling
  them to use electronic ballots in addition to traditional paper ballots.</p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman"></font>Personal
  Liability of Directors and Indemnification</p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IX and Article&nbsp;X</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Article&nbsp;IX and Article&nbsp;X</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt .0001pt 9.3pt;page-break-after:avoid;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; Provision limiting the personal liability of
  directors will be updated to eliminate specific exclusions from this
  protection and provide more generally for such protection as permitted under
  Delaware Law. This amendment will not have a substantive effect
  on the rights of stockholders or the exculpation rights available to
  directors.</p>
  </td>
 </tr>
 <tr>
  <td width="166" colspan="3" valign="top" style="padding:0pt .7pt 0pt 0pt;width:124.35pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:11.65pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="80" valign="top" style="padding:0pt .7pt 0pt 0pt;width:60.3pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:12.9pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="92" valign="top" style="padding:0pt .7pt 0pt 0pt;width:68.65pt;">
  <p align="center" style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.8pt;">
  <p style="line-height:11.5pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="219" valign="top" style="padding:0pt .7pt 0pt 0pt;width:163.95pt;">
  <p style="font-size:10.0pt;line-height:11.5pt;margin:6.0pt 0pt 6.0pt 9.3pt;page-break-after:avoid;text-indent:-9.3pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font>&nbsp; A provision will be added to permit the
  indemnification of directors and officers after the individual ceases to be a
  director or officer of the Company for legal actions relating to their
  service as a director or officer of the Company, in accordance with Delaware
  Law.&nbsp; This amendment will not have a substantive effect on the rights of
  stockholders or the indemnification rights available to former directors and
  officers.</p>
  </td>
 </tr>
</table>



<p style="line-height:1.0pt;margin:0pt 0pt 5.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 5.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">13</font></p>
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<div>

<p style="font-style:italic;margin:0pt 0pt 2.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote Required</font></i></p>

<p style="margin:0pt 0pt 5.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The approval of Proposal&nbsp;3
requires the affirmative vote of a majority of the issued and outstanding
shares of Common Stock. Accordingly, an abstention will have the legal effect
of a vote against this proposal. No dissenters&#146; rights are available under
Delaware Law or under the Current Certificate or the Company&#146;s Bylaws to any
stockholder who dissents from this proposal.</font></p>

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;font-family:Times New Roman;padding:6.0pt 0pt 6.0pt 0pt;">

<p align="left" style="border:none;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 4.0pt;padding:0pt;page-break-after:auto;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:9.5pt;">THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS
VOTE &#147;FOR&#148; PROPOSAL</font>&nbsp;3.</b></p>

</div>

<p style="font-weight:bold;margin:0pt 0pt 3.0pt;page-break-after:avoid;text-align:center;"><a name="Proposal4"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL 4</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 3.0pt;page-break-after:avoid;text-align:center;"><a name="AdoptionOfThe2005EquityAndPerforma"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ADOPTION OF THE 2005
EQUITY AND PERFORMANCE INCENTIVE PLAN</font></b></a></p>

<p style="margin:0pt 0pt 3.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On December&nbsp;1, 2004, the
Board approved and is submitting for adoption by the stockholders the 2005
Equity and Performance Incentive Plan (the &#147;2005 Incentive Plan&#148;). The 2005
Incentive Plan will become effective upon adoption by the stockholders. A
copy of the 2005 Incentive Plan is attached to this Proxy Statement as <i><font style="font-style:italic;">Annex B</font></i>. The 2005 Incentive Plan is intended to meet the
Company&#146;s objective of balancing stockholder concerns about dilution with the
need to provide appropriate incentives to achieve company performance
objectives.</font></p>

<p style="margin:0pt 0pt 5.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the 2005 Incentive Plan is adopted, the Board shall terminate the following
existing stock option plans of the Company for executives, key employees and
non-employee directors:&#160; (i)&nbsp;the
1994 Stock Option Plan, as amended, (ii)&nbsp;the 1996 Stock Option Plan, (iii)&nbsp;the
1997 Management Stock Option Plan, (iv)&nbsp;the MessagingDirect Ltd. Amended
and Restated Employee Share Option Plan, (v)&nbsp;the 2000 Non-Employee
Director Stock Option Plan, and (vi)&nbsp;the 2002
Non-Employee Director Stock Option Plan, as amended. Termination of such plans
will not affect any options outstanding under these plans immediately prior to
termination thereof.</font></p>



<p style="margin:0pt 0pt 7.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company currently expects
that the 1999 Stock Option Plan will remain in effect. As of the Record Date,
there were 2,137,612 options for shares of
Common Stock outstanding under the 1999 Stock Option Plan and 282,571 shares remained available
for future option grants under the 1999 Stock Option Plan. The Company may elect to take advantage of an
exception to the NASDAQ rules requiring stockholder approval of equity
compensation arrangements, which would allow the Board to grant equity of the
Company (outside the Company&#146;s stockholder-approved equity plans) to a successor
CEO as an inducement to entering into employment with the Company as previously
discussed under Proposal 2.</font></p>



<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="PurposeOfThe2005IncentivePlan"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Purpose of the 2005
Incentive Plan</font></b></a></p>

<p style="font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;font-weight:bold;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">The ability to maintain a market competitive
stock-based incentive program by making available various stock compensation
awards. </font></i></b></font><font face="Times New Roman">&nbsp;&nbsp; </font><font face="Times New Roman">The
2005 Incentive Pan is intended to give the Company greater flexibility in
providing competitive incentive compensation that closely aligns the interests
of key employees and officers with those of the Company&#146;s stockholders. The
proposed 2005 Incentive Plan permits the grant of additional types of incentive
awards, such as restricted stock awards, performance awards and stock
appreciation rights, that will provide the Company with greater flexibility in
designing stock and performance based incentives for executives, key employees and non-employee
directors.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;font-weight:bold;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">The furtherance of many compensation and governance
best practices.</font></i></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>The 2005 Incentive Plan prohibits stock option
re-pricing, contains a 2,500,000-share limit on the number of shares that
may be issued in connection with restricted stock awards and performance awards
during the life of the plan and contains a 1,000,000-share limit on the
number of shares that may be issued in connection with stock options, stock
appreciation rights, restricted stock awards or other awards during any
calendar year. The 2005 Incentive Plan does not contain an evergreen feature
(evergreen features provide for automatic replenishment of authorized shares
available under the plan).</p>


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<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="SummaryDescriptionOfThe2005Incentiv"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary Description of
the 2005 Incentive Plan</font></b></a></p>

<p style="margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The summary description of the
2005 Incentive Plan provided below is qualified in its entirety by reference to
the full text of the plan attached as <i><font style="font-style:italic;">Annex B</font></i>. The
2005 Incentive Plan will provide for the grant of incentive stock options,
nonqualified stock options, stock appreciation rights, restricted stock awards,
performance awards and other awards (&#147;Awards&#148;).</font></p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plan Benefits</font></i></p>

<p style="margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any person who is an employee
or non-employee director of the Company and certain of its subsidiaries and
affiliates will be eligible to be considered for Awards under the 2005
Incentive Plan. The Board will have the authority to select the individuals to
whom Awards will be granted. Future awards under the 2005 Incentive Plan will
be discretionary so that it is impossible to determine who will receive Awards
and in what amounts in the event the 2005 Incentive Plan is adopted.
There currently is no intention to make any Award of any specific amount to any
specific individual in the event that the stockholders adopt the 2005 Incentive
Plan, although each of the Company&#146;s current executive officers and directors
would be eligible to participate.</font></p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shares Available Under the Plan</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plan Share Limits.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>Subject to
adjustment in certain circumstances as discussed below, the maximum number of shares of
Common Stock that may be issued or
transferred in connection with Awards granted under the 2005
Incentive Plan will be the sum of (i)&nbsp;3,000,000<b><font style="font-weight:bold;"> </font></b>shares
of Common Stock and (ii)&nbsp;any shares of Common Stock that are represented
by options granted under the following Company plans which are forfeited,
expire or are canceled without delivery of Common Stock or which result in the
forfeiture or relinquishment of Common Stock back to the Company: (A)&nbsp;the
1994 Stock Option Plan, as amended, (B)&nbsp;the 1996 Stock Option Plan, (C)&nbsp;the
1997 Management Stock Option Plan, (D)&nbsp;the MessagingDirect Ltd. Amended
and Restated Employee Share Option Plan, (E)&nbsp;the 2000 Non-Employee
Director Stock Option Plan, and (F)&nbsp;the
2002 Non-Employee Director Stock Option Plan (collectively the &#147;Prior Plans&#148;). As
of the Record Date, there were 1,250,185 options for shares of Common
Stock outstanding under the Prior Plans and 659,063 shares remained available for
future option grants under the Prior Plans. To the extent Awards granted under
the 2005 Incentive Plan terminate, expire, are canceled without being
exercised, are forfeited or lapse for any reason, the shares of Common Stock subject
to such Award will again become available for grants under the 2005 Incentive
Plan.</p>

<p style="margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of the Record Date, the per
share closing price of the Company&#146;s Common Stock as reported on The NASDAQ
Stock Market was $18.10.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Individual Limits.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The aggregate
number of shares of Common Stock that may be issued upon exercise of incentive
stock options will not exceed 3,000,000 shares of Common Stock. The aggregate
number of shares of Common Stock that may be issued as restricted stock,
restricted stock units, performance shares or performance units during the life
of the 2005 Incentive Plan will not exceed 2,500,000 shares. No Participant
will receive stock options, stock appreciation rights, restricted stock,
restricted stock units and other awards under the 2005 Incentive Plan, during
any calendar year, for more than 1,000,000 shares of Common Stock. In addition,
no Participant (defined below) may receive performance shares or performance
units having an aggregate value on the date of grant in excess of $5,000,000
during any calendar year. Each of the limits described above may be adjusted
equitably to accommodate a change in the capital structure of the Company as
described below.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Adjustments.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The
Board may make or provide for such adjustments in the numbers of shares of
Common Stock covered by outstanding Awards, in the option price and base price
provided in outstanding options and appreciation rights, and in the kind of
shares covered thereby, as the Board may determine is equitably required to prevent
dilution or enlargement of the rights of Participants that </p>


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<p style="margin:0pt 0pt 8.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">otherwise would result
from (a)&nbsp;any stock dividend, stock split, combination of shares,
recapitalization or other change in the capital structure of the Company; or (b)&nbsp;any
merger, consolidation, spin-off, split- off, spin-out, split-up,
reorganization, partial or complete liquidation or other distribution of
assets, issuance of rights or warrants to purchase securities; or (c)&nbsp;any
other corporate transaction or event having an effect similar to any of the
foregoing. In the event of any such transaction or event, the Board may provide
in substitution for any or all outstanding Awards alternative consideration it
determines to be equitable under the circumstances and may require in
connection therewith the surrender of any Awards replaced. The Board may also
make or provide for such adjustments in the numbers of shares reserved under
the 2005 Incentive Plan as the Board may determine is appropriate to reflect
any transaction or event described above.</font></p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eligibility and Administration</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eligibility.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>Officers, key employees
and non-employee directors of the Company and its subsidiaries and affiliates are
eligible to participate in the 2005 Incentive Plan. The Board shall, in its
discretion, select the persons to receive Awards (the &#147;Participants&#148;). The
number of Participants may vary from year to year. It is not possible to state
in advance the exact number or identity of the Participants or the amounts of any
Awards.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Administration of the 2005
Incentive Plan.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The
2005 Incentive Plan will be administered by the Board, which may delegate all
or any part of its authority to the Compensation Committee of the Board (or a
subcommittee thereof); provided, however, the Compensation Committee is
comprised of two or more individuals
who are &#147;non-employee directors&#148; as defined under Rule&nbsp;16b-3 of the
Securities Exchange Act of 1934, as amended, and &#147;outside directors&#148; within the
meaning of Section&nbsp;162(m) of the Internal Revenue Code of 1986 (the &#147;Code&#148;).
The Board has the sole authority to determine (i)&nbsp;the Participants to whom
Awards are to be granted under the 2005 Incentive Plan;
(ii)&nbsp;the type, size and terms of each Award; (iii)&nbsp;the time when the
Awards are to be made and the duration of the exercise, restriction period or
performance period, including the criteria for exercisability and any
acceleration of exercisability; (iv)&nbsp;the amendment of the
terms of any previously issued Award; and (v)&nbsp;any other matters
arising under the 2005 Incentive Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Award Agreements.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>All Awards are
subject to the terms and conditions set forth in the 2005 Incentive Plan and to
such other terms and conditions consistent with the 2005 Incentive Plan as the
Board deems appropriate and which are specified in a writing (an &#147;Award
Agreement&#148;) by the Board to the designated individual. The Board may approve
the form and provisions of each Award Agreement to an individual. Awards under
the 2005 Incentive Plan need not be uniform among the designated individuals
receiving the same type of Award. Each Award Agreement may designate: (i)&nbsp;whether
the vesting period, restriction period, performance period or other
restrictions on transfer will accelerate or lapse early upon a
change-in-control of the Company; (ii)&nbsp;whether the Award will
include dividends or dividend equivalents on a current, deferred or contingent
basis; and (iii)&nbsp;any other terms
and conditions the Board may deem appropriate.</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Management Objectives</font></i></p>

<p style="margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The 2005 Incentive Plan provides for the establishment of &#147;Management
Objectives&#148; which are measurable objectives established for Participants who
have received grants of performance shares or performance units (collectively &#147;Performance
Awards&#148;) or, when determined by the Board, other Awards granted pursuant to the
2005 Incentive Plan. Management Objectives may be described in terms of
Company-wide objectives or objectives that are related to the performance of
the individual Participant or of the subsidiary, affiliate, division,
department, region or function within the Company or subsidiary or affiliate
which employs the Participant. The Management Objectives may be made relative
to the performance of other companies. The Management Objectives applicable to
any Award to a &#147;covered employee&#148; as defined in Section&nbsp;162(m) of the Code
will be based on specified levels of growth in one or more of the following
criteria:&#160; (a)&nbsp;cash flow/net assets
ratio, (b)&nbsp;debt/capital ratio, </font></p>


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<p style="margin:0pt 0pt 8.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&nbsp;return
on total capital, (d)&nbsp;return on equity, (e)&nbsp;earnings per share
growth, (f)&nbsp;revenue growth, (g)&nbsp;total return to stockholders, (h)&nbsp;backlog,
and (i)&nbsp;contribution margins. If the Board determines that a change in the
business, operations, corporate structure or capital structure of the Company,
or the manner in which it conducts its business, or other events or circumstances
make the Management Objectives unsuitable, the Board may in its discretion
modify such Management Objectives or the related minimum acceptable level of
achievement as it deems appropriate subject to certain limitations on
modifications to &#147;covered employees&#148; under Section&nbsp;162(m) of the Code. The
Board may also utilize Management Objectives to make other Awards granted to
covered employees qualify as performance based awards under Section&nbsp;162(m)
of the Code.</font></p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payment of Awards</font></i></p>

<p style="margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any Award grant may specify
that the amount payable to a Participant under the respective Award may be paid
by the Company in cash, in shares of Common Stock or in any combination
thereof, and may either grant to the Participant or retain for the Board the
right to elect among those alternatives. Any Award grant may specify that the
amount payable or the number of shares of Common Stock issued with respect
thereto may not exceed a maximum amount or number specified by the Board at the
date of grant.</font></p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock Options</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Types and Eligibility.</font></i></font>&nbsp;&nbsp; The 2005 Incentive Plan
provides that the Board may grant Participants options to purchase shares of
Common Stock intended to qualify as incentive stock options within the meaning
of Section&nbsp;422 of the Code (&#147;ISOs&#148;), or nonqualified stock options (&#147;NQSO&#148;)
that are not intended to so qualify, or any combination of ISOs or NQSOs
(collectively, &#147;Options&#148;). ISOs may only be granted to Participants who meet
the definition of &#147;employees&#148; under Section&nbsp;3401(c)&nbsp;of the Code.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exercise and Option Price.</font></i></font>&nbsp;&nbsp; No Option will be exercisable
more than ten years from the date of grant. The option price per share for any
Option granted under the 2005 Incentive Plan may not be less than the market
value per share of Common Stock on the day immediately preceding the date of the
grant. The exercise of an Option will result in the cancellation, on a
share-for-share basis, of any tandem stock appreciation right granted in
connection with such Option.</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stock Appreciation Rights</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Types.</font></i></font>&nbsp;&nbsp; Stock appreciation rights (&#147;Appreciation
Rights&#148;) are the right to receive from the Company an amount determined by the
Board and expressed as a percentage (not exceeding 100%) of the &#147;spread&#148; at the
time of exercise. The Board may grant &#147;tandem&#148; Appreciation Rights in
connection with an Option granted under the 2005 Incentive Plan or &#147;freestanding&#148;
Appreciation Rights unrelated to any Option. The &#147;spread&#148; in the case of a
freestanding Appreciation Right is the amount by which the market value of the
Company&#146;s Common Stock on the date of exercise exceeds the base price specified
in the right. The &#147;spread&#148; in the case of tandem Appreciation Rights is the
amount by which the fair market value of the Company&#146;s Common Stock on the date
of exercise exceeds the option price specified in the related Option.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tandem Appreciation Rights.</font></i></font>&nbsp;&nbsp; Tandem Appreciation Rights may
be granted either at or after the time the related Options are granted and
while the Options remain outstanding; however, in the case of an ISO such rights
may only be granted at the time the Option is granted. The number of tandem
Appreciation Rights that are exercisable during any given period of time may
not exceed the number of shares of Common Stock that the Participant may
purchase upon the exercise of the related Option during such period of time.
Upon the exercise of the related Option, the tandem Appreciation Right relating
to Common Stock covered by such Option will terminate. Upon the exercise of a
tandem Appreciation Right, the Option relating to the Common Stock covered by
such Appreciation Right will terminate. Tandem Appreciation Rights may be
exercised (i)&nbsp;only at a time when the related Option is </p>


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<p style="margin:0pt 0pt 4.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">exercisable and (ii)&nbsp;at
a time when the &#147;spread&#148; is positive. The Award Agreement for a tandem Appreciation
Right will identify the related Options.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Freestanding Appreciation
Rights.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>Freestanding
Appreciation Rights must specify a base price (which must be equal to or
greater than the market value on the grant date) and the period(s) of
continuous employment of the Participant by the Company or any subsidiary or
affiliate that are necessary before the freestanding Appreciation Right or
installments thereof become exercisable. No freestanding Appreciation Right
granted under the 2005 Incentive Pan may be exercised more than ten years from
the grant date.</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restricted Stock and Restricted Stock Units</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restricted Stock.</font></i></font>&nbsp;&nbsp; The Board may issue or
transfer shares of Common Stock to Participants under a restricted stock grant
for consideration or no consideration, and subject to restrictions, as
determined by the Board. All restricted stock Awards will transfer ownership of
such shares of restricted stock to the Participant and entitle the Participant
to voting, dividend and other ownership rights, but the Participant&#146;s ownership
of the restricted shares shall be subject to substantial risk of forfeiture and
restrictions on transfer. The Board may establish conditions under which
restrictions will lapse over a period of time based upon the achievement of
performance goals or according to such other criteria as the Board deems appropriate (the &#147;Restriction
Period&#148;). The Restriction Period will not be less than one year. The Award
Agreement for restricted stock Awards will specify any Management
Objectives that, if achieved, will result in the termination or early
termination of the restrictions on the restricted shares including, without
limitation, any minimum acceptable levels of achievement or formulas for
determining the number of restricted shares on which the restrictions will
terminate.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restricted Stock Units.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The Board may
award to Participants the right to receive Common Stock or cash at the end of a
specified period (&#147;Restricted Stock Unit&#148;), for consideration or no
consideration. Each Restricted Stock Unit will be subject to a Restriction
Period of not less than one year. The Restriction Period for Restricted Stock
Units shall be designated in the Award Agreement. During the Restriction
Period, the Participant will have no rights of ownership in the Restricted
Stock Units, including voting rights, and will have no right to transfer his or
her rights.</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Performance Shares and Performance Units</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Performance Shares and
Performance Units.</font></i></font>&nbsp;&nbsp; The Board may award Participants &#147;Performance Shares&#148; or &#147;Performance
Units&#148; (collectively, &#147;Performance Awards&#148;) which will become payable to a
Participant upon the achievement of specified Management Objectives. A &#147;Performance
Share&#148; is a bookkeeping entry that records the equivalent of one share of
Common Stock and a &#147;Performance Unit&#148; is a bookkeeping entry that records a unit equivalent to $1.00. Each
Award Agreement for Performance Awards will specify: (i)&nbsp;the number of
Performance Shares or Performance Units granted; (ii)&nbsp;the period of time
established for the Participant to achieve the Management Objectives, which may
not be less than one (1)&nbsp;year from the grant date (the &#147;Performance Period&#148;);
(iii)&nbsp;the Management Objectives and a minimum acceptable level of
achievement as well as a formula for determining the number of Performance
Shares or Performance Units earned if performance is at or above the minimum
level but short of full achievement of the Management Objectives;
and (iv)&nbsp;any other terms that the Board may deem appropriate.</p>



<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other Awards</font></i></p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Other Awards</font></i>.&nbsp;&nbsp; The Board may grant shares of Common
Stock as a bonus, cash bonuses or may grant other awards in lieu of the
obligations of the Company to pay cash or deliver property under the 2005
Incentive Plan or under other plans or compensatory arrangements.</p>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></i></p>


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<div>

<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amendments and Termination</font></i></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 4.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Plan.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The 2005
Incentive Plan shall be effective as of the date it is adopted by the
stockholders of the Company. No grant will be made under the 2005 Incentive
Plan more than ten years after the date on which the plan is first adopted by
the stockholders of the Company. The Board may amend or terminate the 2005
Incentive Plan at any time; provided, however, the Board will not amend the
Plan without stockholder approval if such approval is required to comply with
the Code or other applicable laws, or to comply with applicable stock exchange
requirements. Except for adjustments permitted under the terms of the 2005
Incentive Plan (i)&nbsp;the Board will not, without approval of the
stockholders,
authorize the amendment of any outstanding Option to reduce
the option price, and (ii)&nbsp;no Option will be cancelled and replaced with
Awards having a lower option price without the approval of the stockholders. Awards
granted under the 2005 Incentive Plan prior to its termination will remain outstanding
until exercised or until the end of the term of such Awards. The termination of
the 2005 Incentive Plan will not impair the power and authority of the Board with
respect to Awards that remain outstanding after termination of the 2005
Incentive Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 8.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Outstanding Awards.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The Board may
amend the terms of an Award granted under the 2005 Incentive Plan,
prospectively or retroactively, provided such amendment does not materially
impair the rights of a Participant without the Participant&#146;s consent. An outstanding
Award may otherwise be amended by agreement of the Company and the Participant
consistent with the Plan.</p>



<p style="font-style:italic;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Federal Income Tax Consequences</font></i></p>



<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">The following is only a
brief summary of certain of the U.S. federal income tax consequences of certain
transactions under the 2005 Incentive Plan. </font>This summary does not purport to be a complete analysis of all potential
U.S. federal income tax or other tax consequences relevant to Participants, or
to describe tax consequences based upon particular circumstances. In addition,
the summary does not address the income tax laws of any municipality, state or
foreign country in which a Participant may reside and to which a Participant
may be subject.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, a
Participant will not recognize income at the time a NQSO is granted. At the
time of exercise, the Participant will recognize ordinary income in an amount
equal to the difference between the option price paid for the shares and the
fair market value of the shares on the date of exercise. At the time of sale of
shares acquired pursuant to the exercise of a NQSO, any appreciation (or
depreciation) in the value of the shares after the date of exercise generally
will be treated as capital gain (or loss).</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Participant generally
will not recognize income upon the grant or exercise of an ISO. If shares
issued to a Participant upon the exercise of an ISO are not disposed of in a
disqualifying disposition within two years after the date of grant or within
one year after the transfer of the shares to the Participant, then upon the
sale of the shares any amount realized in excess of the option price generally
will be taxed to the Participant as long-term capital gain and any loss
sustained will be a long-term capital loss. If shares acquired upon the
exercise of an ISO are disposed of prior to the expiration of either holding
period described above, the Participant generally will recognize ordinary
income in the year of disposition in an amount equal to any excess of the fair
market value of the shares at the time of exercise (or, if less, the amount
realized on the disposition of the shares) over the option price paid for the
shares. Any further gain (or loss) realized by the Participant generally will
be taxed as short-term or long-term capital gain (or loss) depending on the
holding period. Subject to certain exceptions for death or disability, if a
Participant exercises an ISO more than three months after termination of
employment, the exercise of the option will be taxed as the exercise of a NQSO.
In addition, the exercise of an ISO will be treated essentially the same as the
exercise of a NQSO for purposes of the federal alternative minimum tax (&#147;AMT&#148;),
which exercise may subject the Participant to AMT.</font></p>


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<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The tax consequences
associated with Appreciation Rights or any other stock-based Award
under the 2005 Incentive Plan will vary depending on the specific terms of such
Award. Among the relevant factors are whether or not the Award has a readily
ascertainable fair market value, whether or not the Award is subject to
forfeiture provisions on transfer, the nature of the property to be received by
the Participant under the Award and the Participant&#146;s holding period and tax
basis for the Award or underlying Common Stock.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A recipient of
restricted shares generally will be subject to tax at ordinary income rates on
the fair market value of the restricted shares (reduced by any amount paid by
the recipient) at such time as the shares are no longer subject to a risk of
forfeiture or restrictions on transfer for purposes of Section&nbsp;83 of the
Code. However, a recipient who so elects under Section&nbsp;83(b)&nbsp;of the
Code within 30 days of the date of transfer of the restricted shares, will
recognize ordinary income on the date of transfer of the shares equal to the
excess of the fair market value of the restricted&#160; shares (determined without regard to the risk
of forfeiture or restrictions on transfer) over any purchase price paid for the
shares. If a Section&nbsp;83(b)&nbsp;election has not been made, any dividends
received with respect to restricted shares that are subject at that time to a
risk of forfeiture or restrictions on transfer generally will be treated as
compensation that is taxable as ordinary income to the recipient.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Participant generally
will not recognize income upon the grant of performance shares or performance
units. Upon payment in respect of performance shares or performance units, the
Participant generally will recognize as ordinary income an amount equal to the
amount of cash received and the fair market value of any unrestricted shares
received.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the extent that a
Participant recognizes ordinary income in the circumstances described above,
the Company or subsidiary for which the Participant performs services will be
entitled to a corresponding deduction, provided that, among other things, the
income meets the test of reasonableness, is an ordinary and necessary business
expense, is not an &#147;excess parachute payment&#148; within the meaning of Section&nbsp;280G
of the Code and is not disallowed by the $1,000,000 limitation on certain
executive compensation under Section&nbsp;162(m) of the Code.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section </font></i></font><i><font style="font-style:italic;">162(m) of the Code.</font></i><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>Under
Section&nbsp;162(m) of the Code, the Company may be precluded from claiming a
federal income tax deduction for total remuneration in excess of $1,000,000
paid to its CEO or to any of the other four
most highly compensated officers in any one year. Total remuneration includes
amounts received by such officers upon the exercise of Options and Appreciation
Rights and the value of shares of restricted stock at the time the Restriction
Period lapses with respect to those shares. An exception does exist, however,
for &#147;performance-based compensation,&#148; including amounts received upon the
exercise of Options and Appreciation Rights pursuant to a plan adopted by
stockholders that meets certain requirements. The 2005 Incentive Plan is
intended to satisfy these requirements; therefore, Awards of Options and
Appreciation Rights thereunder will generally qualify as &#147;performance-based
compensation.&#148; Restricted stock grants may qualify as &#147;performance-based
compensation&#148; depending on the terms of the grant.</p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="RegistrationWithTheSec"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registration with the SEC</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company intends to file a
Registration Statement on Form&nbsp;S-8 relating to the issuance of Common
Stock under the 2005 Incentive Plan with the SEC pursuant to the Securities Act
of 1933, as amended, as soon as is practicable after approval of the 2005
Incentive Plan by the Company&#146;s stockholders.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote Required</font></b></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The adoption of the 2005 Incentive Plan
requires the affirmative vote of a majority of shares present in person or by
proxy at the Annual Meeting. Accordingly, an abstention will have the
legal effect of a vote against this proposal.</font></p>


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<p style="border:none;font-weight:bold;margin:0pt 0pt 12.0pt;padding:0pt;page-break-after:avoid;text-indent:0pt;"><a name="TheBoardOfDirectorsRecommendsThatS"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE BOARD OF DIRECTORS
RECOMMENDS THAT STOCKHOLDERS VOTE &#147;FOR&#148; THE ADOPTION OF THE 2005 EQUITY AND
PERFORMANCE INCENTIVE PLAN.</font></b></a></p>

</div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="ReportOfAuditCommittee"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">REPORT OF AUDIT COMMITTEE</font></b></a></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">During fiscal 2004, Audit Committee members were Messrs.&nbsp;Alexander,
Sanchez and Stokely, each having served for the entire fiscal year. Mr.&nbsp;Curtis
was appointed to the Audit Committee by the Board on January&nbsp;27, 2004.
Mr.&nbsp;Kever served on the Audit Committee until December&nbsp;9, 2003. Each
of the directors serving on the Audit Committee is &#147;independent&#148; as defined in Rule&nbsp;4200(a)&nbsp;of
the NASD listing standards. The Board has determined&#160; that each of the members meets the NASD
regulatory requirements for financial literacy and that Mr.&nbsp;Stokely is an &#147;audit
committee financial expert&#148; as defined under Commission rules. The Audit
Committee operates pursuant to a charter (the &#147;Audit Committee Charter&#148;)
approved and adopted by the Board. A copy of the Audit Committee Charter is
available on the Company&#146;s website at </font><i><font style="font-style:italic;">www.tsainc.com</font></i> in the Investors &#151; Corporate
Governance section.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee, on behalf of the Board, oversees
the Company&#146;s financial reporting process as more fully described in the Audit
Committee Charter. Management is responsible for the Company&#146;s internal
controls, financial reporting process and compliance with laws and regulations
and ethical business standards. The Company&#146;s independent auditors, KPMG, LLP (&#147;KPMG&#148;),
are responsible for performing an independent audit of the Company&#146;s
consolidated financial statements in accordance with auditing standards
generally accepted in the U.S. and to issue a report thereon. In fulfilling its
oversight responsibilities, the Audit Committee (i)&nbsp;reviewed and discussed
the audited financial statements and the footnotes thereto in the Company&#146;s
annual report on Form&nbsp;10-K for fiscal 2004 with management and KPMG, and (ii)&nbsp;discussed
the quality, not just the acceptability, of the accounting principles, of the
reasonableness of significant judgments and the clarity of the disclosures in
the financial statements with management and KPMG. The Audit Committee
discussed with the Company&#146;s internal auditors and KPMG, with and without
management present, their evaluations of the Company&#146;s internal accounting
controls.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s independent auditors are responsible for
expressing an opinion on the conformity of the Company&#146;s audited financial
statements, in all material respects, to accounting principles generally
accepted in the U.S. The Audit Committee reviewed and discussed with the
independent auditors their judgments as to the quality, not just the
acceptability, of the Company&#146;s accounting principles and such other matters as
are required to be discussed by the Audit Committee with the Company&#146;s
independent auditors under Statement on Auditing Standards No.&nbsp;61, as
amended. The Company&#146;s independent auditors have expressed the opinion that the
Company&#146;s audited financial statements conform, in all material respects, to
accounting principles generally accepted in the U.S. The independent auditors
have full and free access to the Audit Committee.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee discussed with the Company&#146;s
independent auditors their independence from management and the Company, and
received from them the written disclosures and the letter concerning the
independent auditors&#146; independence required by the Independence Standards Board
Standard No.&nbsp;1.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">21</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In
reliance on the reviews and discussions referred to above, the Audit Committee
recommended to the Board that the audited consolidated financial statements be
included in the Company&#146;s annual report on Form&nbsp;10-K for fiscal 2004 for
filing with the Commission. The Audit Committee also recommended to the Board
the selection of KPMG to serve as the Company&#146;s independent auditors for the
fiscal year ending September&nbsp;30, 2005.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr style="page-break-inside:avoid;">
  <td width="360" valign="top" style="padding:0pt .7pt 0pt 0pt;width:270.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>
  </td>
  <td width="247" valign="top" style="padding:0pt .7pt 0pt 0pt;width:185.5pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MEMBERS OF THE AUDIT
  COMMITTEE</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="360" valign="top" style="padding:0pt .7pt 0pt 0pt;width:270.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="247" valign="top" style="padding:0pt .7pt 0pt 0pt;width:185.5pt;">
  <p align="center" style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John E. Stokely,
  Chairman<br>
  Roger K. Alexander<br>
  Frank R. Sanchez<br>
  John D. Curtis</font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="Proposal5"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PROPOSAL
5</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="RatificationOfAppointmentOfIndepende"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee has recommended, and the Board has
approved, the appointment of KPMG as the Company&#146;s independent auditors for the
fiscal year ending September&nbsp;30, 2005, subject to stockholder
ratification. The Company initially engaged KPMG to serve as its independent
auditors on May&nbsp;29, 2002. Representatives of KPMG are expected to be
present at the Annual Meeting to make a statement should they so desire and to
respond to appropriate questions.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit
Fees.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The
aggregate fees billed by KPMG for professional services rendered for the audit
of the Company&#146;s annual consolidated financial statements for fiscal 2004, as
well as additional amounts billed after January&nbsp;27, 2004, the date of last
year&#146;s proxy statement, for the fiscal 2003 audit totaled approximately $1.1
million. The aggregate fees billed by KPMG for professional services rendered
for the audit of the Company&#146;s annual consolidated financial statements for
fiscal 2003, as well as additional amounts billed after January&nbsp;24, 2003
for the fiscal year 2002 audit and the re-audit of the Company&#146;s annual
consolidated financial statements for fiscal 2001 and 2000, totaled
approximately $2.8 million.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Audit-Related
Fees.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The
aggregate fees billed by KPMG for professional services rendered for assurance
and related services that were reasonably related to the performance of the
audit or review of the Company&#146;s financial statements that are not reported
under &#147;Audit Fees&#148; above totaled $177,000 for fiscal year 2004. The
professional services rendered consisted of (i)
research and consultation related to the Company&#146;s implementation of
requirements of the Sarbanes-Oxley Act of 2002; (ii)
services associated with the Company&#146;s filing of an SEC S-8 registration
statement; and (iii)&nbsp;other
technical accounting consultations. There were no fees billed by KPMG for
audit-related services in fiscal year 2003.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Fees.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>The aggregate
fees billed by KPMG for tax-related services rendered to the Company for fiscal
2004 and 2003 totaled approximately $630,000 and $704,000, respectively. Tax
fees billed by KPMG during fiscal 2004 and 2003 related primarily to tax
planning projects and, to a lesser extent, tax compliance issues, including
assistance in the preparation of (i)&nbsp;expatriate tax returns and payroll
calculations, (ii)&nbsp;original
and amended foreign income tax returns, (iii)&nbsp;amended state income tax
returns, and (iv)&nbsp;foreign tax credit calculations.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-style:italic;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">All Other
Fees.</font></i></font><i><font style="font-style:italic;">&nbsp;&nbsp; </font></i>In
fiscal 2004, there were no other fees billed by KPMG for services rendered to
the Company, other than the services described above under &#147;Audit Fees,&#148; &#147;Audit-Related
Fees&#148; and &#147;Tax Fees.&#148;&#160; For fiscal 2003,
the aggregate other fees totaled approximately $7,000 related to assistance in
foreign jurisdictions with a benefits survey, work permits and other minor
projects.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">22</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Audit Committee has considered whether the
provision of the services by KPMG, as described above in &#147;Tax Fees&#148; and &#147;All
Other Fees,&#148; is compatible with maintaining the independent auditor&#146;s
independence.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="PreapprovalOfAuditAndNonauditServ"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pre-Approval of Audit and Non-Audit Services</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has adopted policies and procedures for
pre-approval of all audit and non-audit services to be provided to the Company
by its independent auditor and its member firms (collectively, the &#147;Independent
Auditor&#148;). Under these policies and procedures, all audit and non-audit
services to be performed by the Independent Auditor must be approved by the
Audit Committee. A proposal for audit and non-audit services must include a
description and purpose of the services, estimated fees and other terms of the
services. To the extent a proposal relates to non-audit services, a
determination that such services qualify as permitted non-audit services and an
explanation as to why the provision of such services would not impair the
independence of the Independent Auditor are also required. Any engagement
letter relating to a proposal must be presented to the Audit Committee for
review and approval, and the chairman of the Audit Committee may sign, or
authorize an officer of the Company to sign, such engagement letter.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All services provided by the
Independent Auditor in fiscal 2004 were approved by the Audit Committee.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vote Required</font></b></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
affirmative vote of a majority of the shares represented at the Annual Meeting
and actually voting on this proposal is required for the approval of the
proposal. Because only a majority of shares actually voting is required to
approve Proposal 5, an abstention will have no effect on the outcome of the
voting on this proposal</font></p>

<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:6.0pt 0pt 6.0pt 0pt;">

<p style="border:none;font-weight:bold;margin:0pt 0pt 6.0pt;padding:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE BOARD OF DIRECTORS RECOMMENDS THAT STOCKHOLDERS
VOTE &#147;FOR&#148; RATIFICATION OF THE APPOINTMENT OF KPMG LLP AS THE COMPANY&#146;S
INDEPENDENT AUDITORS FOR FISCAL 2005.</font></b></p>

</div>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">23</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">

<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="InformationRegardingStockOwnership"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">INFORMATION REGARDING STOCK OWNERSHIP</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth certain information regarding the beneficial
ownership of Common Stock as of December&nbsp;31, 2004 by (i)&nbsp;each of the
Company&#146;s directors, (ii)&nbsp;each of the Company&#146;s executive officers named in
the Summary Compensation Table below, (iii)&nbsp;all executive officers and
directors of the Company as a group, and (iv)&nbsp;each person known by the
Company to beneficially own more than 5% of the outstanding shares of Common
Stock. The percentages in this table are based on 38,047,538 outstanding shares
of Common Stock, exclusive of 1,476,145 shares of Common Stock held as treasury
stock by the Company. Beneficial ownership is determined in accordance with the
rules&nbsp;of the Commission and generally includes voting or investment power
with respect to the securities. In computing the number of shares beneficially
owned by a person and the percentage ownership of that person, shares
underlying options held by that person that will be exercisable within 60 days
of December&nbsp;31, 2004, are deemed to be outstanding. Such shares, however,
are not deemed to be outstanding for the purpose of computing the percentage
ownership of any other person.</font></p>



<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;margin-left:40.0pt;">
 <tr>
  <td width="88" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:66.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Beneficial&nbsp;Owner</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="252" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:189.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="100" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of Shares</font></b></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="41" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Percent</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:2.0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Royce&nbsp;&amp; Associates, LLC. (1)<br>
  1414 Avenue of the Americas, New York, NY 10019</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,151,000</font></p>
  </td>
  <td width="6" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.91</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:2.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:2.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Brown Capital
  Management,&nbsp;Inc. (1)<br>
  1201 N. Calvert Street, Baltimore, MD 21202</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,329,100</font></p>
  </td>
  <td width="6" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.75</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Barclays Global
  Investor, N.A. (1)<br>
  45 Fremont Street, San Francisco, CA 94105</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,058,112</font></p>
  </td>
  <td width="6" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.03</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Westfield Capital
  Management Company,&nbsp;Inc. (1)<br>
  1 Financial Center,
  Boston, MA 02111-2690</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,093,639</font></p>
  </td>
  <td width="6" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.50</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jana Partners, L.L.C.
  (1)<br>
  201 Post Street, Suite&nbsp;1000, San Francisco, CA 94108</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,949,756</font></p>
  </td>
  <td width="6" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.12</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory D. Derkacht (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">238,600</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark R. Vipond (3)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">226,769</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Anthony J. Parkinson (4)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100,611</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jim D. Kever (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44,116</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger K. Alexander (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39,582</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David R. Bankhead (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37,500</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman"></font>Dennis D. Jorgensen (2)</p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27,499</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Frank R. Sanchez (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,999</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Harlan F. Seymour (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,999</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Curtis (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John E. Stokely (2)</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="347" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:260.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman"></font>All
  Directors and current Executive Officers as a group (13&nbsp;persons)</p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="100" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:75.0pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">788,853</font></p>
  </td>
  <td width="6" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.07</font></p>
  </td>
  <td width="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:2.3pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>



<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;">*<font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Less than 1%
of the outstanding Common Stock.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The number of shares
in this table is based on reporting from NASDAQ Online as of September&nbsp;30,
2004, based on Schedule&nbsp;13G and 13F
filings as of that date as well as a Schedule 13G
filing as of December 2, 2004. The Company is not aware of any
additional filings by any person or company known to beneficially own more than
five percent of the outstanding shares of Common Stock.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman"></font><font size="1" face="Times New Roman"></font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160; </font>Consists
solely of shares issuable upon exercise of vested stock options (as of 60 days
following December&nbsp;31, 2004).</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">24</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160; </font>Includes
197,593 shares issuable upon exercise of vested stock options (as of 60 days
following December&nbsp;31, 2004), 24,176 shares owned directly and 5,000
shares owned by Mr.&nbsp;Vipond&#146;s wife.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160; </font>Includes
95,611 shares issuable upon exercise of vested stock options (as of 60 days
following December&nbsp;31, 2004) and 5,000 shares owned directly.</p>

<div style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt 0pt 6.0pt 0pt;">

<p style="border:none;margin:0pt 0pt 12.0pt 20.0pt;padding:0pt;page-break-after:avoid;text-indent:-20.0pt;"><font size="2" face="Times New Roman"></font><font size="1" face="Times New Roman"></font></p>

</div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="Section16abeneficialOwnershipRepor"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;16(a)&nbsp;Beneficial Ownership Reporting
Compliance</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;16(a)&nbsp;of the
Exchange Act and the rules&nbsp;of the Commission require the Company&#146;s
directors, certain officers and beneficial owners of more than ten percent of
the outstanding Common Stock to file reports of their ownership and changes in
ownership of Common Stock with the Commission. Personnel of the Company
generally prepare these reports on behalf of its executive officers on the
basis of information obtained from them and review the forms submitted to the
Company by its non-employee directors and beneficial owners of more than ten
percent of the Common Stock. Based on such information, the Company believes
that all reports required by Section&nbsp;16(a)&nbsp;of the Exchange Act to be
filed by its directors, officers and beneficial owners of more than ten percent
of the Common Stock during or with respect to fiscal 2004 were filed on time.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">25</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<br clear="all" style="page-break-before:always;">


<p align="center" style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;text-indent:20.0pt;"><a name="InformationRegardingExecutiveOfficer"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION REGARDING EXECUTIVE
OFFICER COMPENSATION</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following table sets forth
certain compensation information for fiscal 2004, 2003 and 2002 as to the
Company&#146;s CEO and its four other most highly compensated executive officers who
were serving as executive officers at the end of fiscal 2004. The listed
individuals are collectively referred to in this Proxy Statement as the &#147;Named
Executive Officers&#148; of the Company.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="606" colspan="26" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:454.8pt;">
  <p style="font-weight:bold;line-height:9.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary&nbsp;Compensation&nbsp;Table</font></b></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:9.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="128" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="75" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:56.6pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="172" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:128.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Annual&nbsp;Compensation</font></b></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="126" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:94.45pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Long&nbsp;Term<br>
  Compensation</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="76" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:56.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr>
  <td width="120" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:90.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Name&nbsp;and&nbsp;Principal<br>
  Position</font></b></p>
  </td>
  <td width="4" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:3.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="4" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:3.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="75" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:56.6pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Year&nbsp;Ended<br>
  September&nbsp;30,</font></b></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:4.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="40" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Salary<br>
  ($)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="40" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Bonus<br>
  ($)(1)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="76" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:56.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Other<br>
  Annual<br>
  Compensation<br>
  &nbsp;($)(2)</font></b></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:3.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="75" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:56.25pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Securities<br>
  Underlying<br>
  Options&nbsp;(#)(3)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="43" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">LTIP<br>
  Payouts<br>
  ($)(4)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="76" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:56.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">All&nbsp;Other<br>
  Compensation<br>
  ($)(5)</font></b></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt 0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="128" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-indent:-8.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Gregory D. Derkacht (6)<font style="letter-spacing:2.25pt;">&nbsp;</font><br>
  President and Chief<br>
  Executive Officer</font></p> </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:19.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">2004<br>
  2003<br>
  2002</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">360,000<br>
  345,000<br>
  225,000</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">189,934<br>
  217,421<br>
  104,244</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">937<br>
  84,963<br>
  32,789</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;<br>
  &#151;<br>
  500,000</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:21.3pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4,144<br>
  4,136<br>
  4,089</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr>
  <td width="128" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-indent:-8.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Mark R. Vipond<br>
  Senior Vice President and President
  &#151; ACI Worldwide</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">2004<br>
  2003<br>
  2002</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">239,200<br>
  239,200<br>
  230,000</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">210,911<br>
  193,727<br>
  134,558</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">5,487<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">50,000<br>
  &#151;<br>
  76,000</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">39,191<br>
  32,503<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.3pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4,144<br>
  4,136<br>
  4,117</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="128" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-indent:-8.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Anthony
  J. Parkinson<br>
  Senior Vice President and President &#151; Insession Technologies</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">2004<br>
  2003<br>
  2002</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">210,000<br>
  210,000<br>
  200,000</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">200,893<br>
  144,239<br>
  116,750</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">40,000<br>
  &#151;<br>
  66,000</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">262,506<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.3pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4,144<br>
  4,136<br>
  4,117</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr>
  <td width="128" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-indent:-8.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Dennis D. Jorgensen<br>
  Senior Vice President and President &#151; IntraNet</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">2004<br>
  2003<br>
  2002</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">200,000<br>
  200,000<br>
  200,000</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">223,154<br>
  128,124<br>
  195,398</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">24,000<br>
  24,000<br>
  24,000</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">30,000<br>
  &#151;<br>
  62,000</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">35,432<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="28" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.3pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4,000<br>
  4,300<br>
  5,215</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="128" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:96.35pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt 8.0pt;page-break-after:avoid;text-indent:-8.0pt;"><font size="1" style="font-size:8.0pt;letter-spacing:-.1pt;">David R. Bankhead (7)</font><font size="1" style="font-size:8.0pt;"><br>
  Senior Vice President,<br>
  Chief Financial Officer andTreasurer</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="top" style="padding:0pt .7pt 0pt 0pt;width:19.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">2004<br>
  2003<br>
  2002</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:4.05pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">225,000<br>
  48,098<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">142,450<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="top" style="padding:0pt .7pt 0pt 0pt;width:25.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">42,306<br>
  8,076<br>
  &#151;</font></p>
  </td>
  <td width="21" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:15.55pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:3.95pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.05pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&#151;<br>
  150,000<br>
  &#151;</font></p>
  </td>
  <td width="17" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:13.1pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="43" valign="top" style="padding:0pt .7pt 0pt 0pt;width:32.2pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&#151;<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="28" valign="top" style="padding:0pt .7pt 0pt 0pt;width:21.3pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">7,613<br>
  &#151;<br>
  &#151;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:17.75pt;">
  <p align="right" style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="line-height:9.0pt;margin:4.0pt 0pt .0001pt;"><font size="1" style="font-size:8.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" style="border:none;font-size:1.0pt;padding:0pt 0pt 0pt 0pt;"><p style="margin:0pt 0pt .0001pt;">&nbsp;</p></td>
 </tr>
 <tr height="0">
  <td width="120" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="4" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="40" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="40" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="21" style="border:none;"></td>
  <td width="34" style="border:none;"></td>
  <td width="21" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="40" style="border:none;"></td>
  <td width="17" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="43" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;page-break-after:avoid;text-indent:-20.0pt;"><font size="1" style="font-size:8.0pt;">(1)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">The Company&#146;s executive officers were eligible for
quarterly cash incentive compensation amounts payable pursuant to the Company&#146;s
Management Incentive Compensation Plan.
Such incentive compensation amounts were generally based upon the Company&#146;s
revenue, profit attainment, backlog, cash flow and the financial performance of
the executive&#146;s division, with
each component having an established weighting within the plan. Mr.&nbsp;Derkacht&#146;s
fiscal 2003 amount includes a special bonus of $50,000 paid in connection with
achievement of certain corporate objectives relating to the completion of CEO
transition activities.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;page-break-after:avoid;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">For Mr.&nbsp;Derkacht,
this amount includes reimbursement of moving expenses (and the income taxes
attributable thereto) in fiscal 2003 and 2002 in the amounts of $83,996 and
$26,789, respectively, incremental amounts paid by the Company totaling $937
and $967, respectively in fiscal 2004 and fiscal 2003 for his personal use of
the Company airplane, and $6,000 in fiscal 2002 for consulting services
rendered by Mr.&nbsp;Derkacht between December&nbsp;3, 2001 and December&nbsp;7,
2001. For Mr.&nbsp;Vipond, this
amount includes the value of a trip in the amount of $5,487. For Mr.&nbsp;Jorgensen,
this amount includes a $24,000 annual car allowance. For Mr.&nbsp;Bankhead,
this amount includes reimbursement of moving expenses (and the income taxes
attributable thereto) in fiscal 2004 and fiscal 2003 in the amounts of $42,306
and $8,076,
respectively.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(3)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Includes
options granted under the Company&#146;s 1999, 1996 and 1994 Stock Option Plans, and
further includes those options granted pursuant to the voluntary stock exchange
program in fiscal 2002.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(4)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Includes
payment of deferred compensation amounts in fiscal
2004 to Messrs.&nbsp;Vipond, Parkinson and Jorgenson of $39,191,
$262,506 and $35,432, respectively, and a
$32,503 deferred compensation payment
to Mr. Vipond in fiscal 2003. The Company had a Deferred
Compensation Plan (the &#147;DC Plan&#148;) that, during calendar years 1999 and 2000,
allowed certain management personnel to defer receipt of their compensation
until a future date or until termination of their employment with the Company. Participants
in the DC Plan were 100% vested in the sums deferred and the earnings/losses
attributed thereto resulting from hypothetical investments made under the terms
of the DC Plan. The Company has terminated the DC Plan. The amounts paid to Messrs.&nbsp;Vipond,
Parkinson and Jorgenson represent the final distributions from the Plan made on
January&nbsp;15, 2004.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(5)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Includes
contributions made to the Company&#146;s 401(k) Retirement Plan. For fiscal 2004,
the Company&#146;s contributions to the Company&#146;s 401(k) Retirement Plan were $4,000
for each of Messrs.&nbsp;Derkacht, Vipond, Parkinson, and Jorgensen,
and $7,469 for Mr.&nbsp;Bankhead.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(6)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Mr.&nbsp;Derkacht&#146;s
employment with the Company commenced in January&nbsp;2002. Accordingly,
compensation information for fiscal 2002 reflects less than full-year amounts.</font></p>

<p style="font-family:Times New Roman;line-height:8.0pt;margin:0pt 0pt 2.5pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(7)</font><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Mr.&nbsp;Bankhead&#146;s
employment with the Company commenced in July&nbsp;2003. Accordingly,
compensation information for fiscal 2003 reflects less than full-year amounts.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">26</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='26',FILE='C:\JMS\kdefran\05-1227-1\task282295\1227-1-ds.htm',USER='kdefran',CD='Jan 25 21:20 2005' -->
<br clear="all" style="page-break-before:always;">


<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="OptionsGrantedInLastFiscalYear"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Options Granted in Last
Fiscal Year</font></b></a></p>

<p style="margin:0pt 0pt 10.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth information concerning the grant of stock options to
each of the Named Executive Officers in fiscal 2004. All of these options were
granted under the Company&#146;s 1994 Stock Option Plan, as amended, 1996 Stock
Option Plan and 1999 Stock Option Plan at exercise
prices equal to the fair market value of the Common Stock on the grant dates. The
options expire ten years from their date of grant. Commission rules&nbsp;require
the Company to show hypothetical gains that the Named Executive Officers would
have for these options at the end of their terms. The Company calculated these
gains assuming annual compound stock price appreciation of 5% and 10% from the
date the option was originally granted to the end of the option term as
required by Commission rules. <b><font style="font-weight:bold;">These rates of stock price
appreciation are not the Company&#146;s estimate or projection of future stock
prices.</font></b></font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;font-family:Times New Roman;">
 <tr>
  <td width="605" colspan="21" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:453.95pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Option&nbsp;Grants&nbsp;In&nbsp;Last&nbsp;Fiscal&nbsp;Year</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="74" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:55.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="201" colspan="9" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:150.8pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Individual&nbsp;Grants</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="107" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:80.4pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Potential&nbsp;Realizable&nbsp;Value&nbsp;at<br>
  Assumed&nbsp;Annual<br>
  Rates&nbsp;of&nbsp;Stock<br>
  Price&nbsp;Appreciation<br>
  for&nbsp;Option&nbsp;Term(2)</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="74" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:55.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Securities</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:64.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Percent&nbsp;of&nbsp;Total</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="45" colspan="3" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:34.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="54" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="74" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:55.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Underlying</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:64.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Options&nbsp;Granted</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="45" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:34.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Exercise</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="74" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:55.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Options</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:64.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">to&nbsp;Employees&nbsp;in</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="45" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:34.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Price</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Expiration</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:24.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Name</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="161" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:121.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="74" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:55.75pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Granted(#)(1)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="86" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:64.3pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Fiscal&nbsp;Year</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="45" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:34.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">($/sh)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="54" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Date</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">5%($)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="50" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">10%($)</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory D. Derkacht</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark R. Vipond</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,975</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.53</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">78,958</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">200,094</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,729</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.90</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">121,453</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">307,787</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32,296</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.73</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">365,594</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">926,487</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman"></font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Anthony J. Parkinson</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,580</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.03</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">63,166</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">160,075</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,584</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.12</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">97,172</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">246,252</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25,836</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.38</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">292,466</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">741,167</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis D. Jorgensen</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,185</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.52</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47,375</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">120,057</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,438</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.34</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72,879</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">184,689</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19,377</font></p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.04</font></p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">%</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.00</font></p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10/17/13</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">219,350</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">555,875</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="200" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:150.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;">David R. Bankhead</p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="19" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:14.55pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&nbsp;</p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.7pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="13" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.5pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&nbsp;</p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="25" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:19.05pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&nbsp;</p>
  </td>
  <td width="35" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:26.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="5" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:3.9pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="54" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:40.5pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;">&nbsp;</p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;">&#151;</p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;">&nbsp;</p>
  </td>
 </tr>
 <tr height="0">
  <td width="32" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="161" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="19" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="13" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="35" style="border:none;"></td>
  <td width="25" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="35" style="border:none;"></td>
  <td width="5" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="54" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;">(1)<font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Vesting of the options
granted under the 1999 Stock Option Plan occurs on an annual pro rata basis
over a term of three years from the date of grant. Vesting of options granted
under the 1994 and 1996 Plans occurs on a monthly and annual pro rata basis
over a term of 48 months from the grant date, respectively.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The potential
realizable dollar value of a stock option is the product of (a)&nbsp;the
difference between (i)&nbsp;the product of the per-share market price at the
time of grant and the sum of one plus the assumed rate of appreciation
compounded annually over the term of the stock option and (ii)&nbsp;the
per-share exercise price of the stock option and (b)&nbsp;the number of
securities underlying the stock option at the end of fiscal 2004.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">27</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

<!-- SEQ.=1,FOLIO='27',FILE='C:\JMS\kdefran\05-1227-1\task282295\1227-1-ds.htm',USER='kdefran',CD='Jan 25 21:20 2005' -->
<br clear="all" style="page-break-before:always;">


<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="OptionsExercisesInLastFiscalYear"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Options Exercises in
Last Fiscal Year</font></b></a></p>

<p style="margin:0pt 0pt 10.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth information regarding stock option exercises by
Named Executive Officers during fiscal 2004, along with option values as of September&nbsp;30,
2004.</font></p>

<table border="1" cellspacing="0" cellpadding="0" style="border:none;border-collapse:collapse;">
 <tr>
  <td width="607" colspan="21" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:455.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Aggregated&nbsp;Option&nbsp;Exercises&nbsp;In&nbsp;Last&nbsp;Fiscal&nbsp;Year&nbsp;And&nbsp;Fiscal&nbsp;Year-End&nbsp;Option&nbsp;Values</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="64" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:48.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Shares</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="77" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:57.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.45pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of&nbsp;Securities<br>
  Underlying&nbsp;Unexercised<br>
  &nbsp;Options&nbsp;at&nbsp;Fiscal<br>
  Year-End&nbsp;(#)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Value&nbsp;of&nbsp;Unexercised<br>
  In-the-Money<br>
  Options&nbsp;at&nbsp;Fiscal<br>
  Year-End&nbsp;($)(2)</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:2.0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:24.0pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Name</font></b></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="148" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:111.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="64" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:48.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Acquired&nbsp;on<br>
  Exercise&nbsp;(#)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="77" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:57.5pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Value&nbsp;Realized<br>
  ($)(1)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.45pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Exercisable/<br>
  Unexercisable</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:92.35pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Exercisable/<br>
  Unexercisable</font></b></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Gregory D. Derkacht</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">101,400</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.6pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1,087,869</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.25pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">198,600</font></p>
  </td>
  <td width="12" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="48" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.75pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">200,000</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="57" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1,607,367</font></p>
  </td>
  <td width="14" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:10.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="52" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1,688,334</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Mark R. Vipond</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">36,000</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.6pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">407,833</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.25pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">182,216</font></p>
  </td>
  <td width="12" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="48" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.75pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">66,212</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="57" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">553,752</font></p>
  </td>
  <td width="14" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:10.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="52" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">153,544</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman"></font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Anthony J. Parkinson</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">10,389</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.6pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">126,707</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.25pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">85,611</font></p>
  </td>
  <td width="12" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="48" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.75pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">50,000</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="57" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">384,946</font></p>
  </td>
  <td width="14" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:10.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="52" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">106,450</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Dennis D. Jorgensen</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.55pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.05pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.25pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.15pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">52,000</font></p>
  </td>
  <td width="12" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="48" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.75pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">40,000</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="57" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.95pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">439,540</font></p>
  </td>
  <td width="14" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:10.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="52" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.2pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">100,600</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="187" colspan="3" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:140.35pt;">
  <p style="margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">David R. Bankhead</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.55pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;</font></p>
  </td>
  <td width="7" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:5.6pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">&#151;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.05pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.25pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="42" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:31.15pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">37,500</font></p>
  </td>
  <td width="12" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:9.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="48" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:35.75pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">112,500</font></p>
  </td>
  <td width="11" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:8.3pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:6.0pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="57" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:42.95pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">312,938</font></p>
  </td>
  <td width="14" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:10.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">/</font></p>
  </td>
  <td width="52" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:39.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">938,813</font></p>
  </td>
  <td width="2" valign="bottom" style="border:none;padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="32" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="148" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="50" style="border:none;"></td>
  <td width="7" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="61" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="11" style="border:none;"></td>
  <td width="42" style="border:none;"></td>
  <td width="12" style="border:none;"></td>
  <td width="48" style="border:none;"></td>
  <td width="11" style="border:none;"></td>
  <td width="8" style="border:none;"></td>
  <td width="57" style="border:none;"></td>
  <td width="14" style="border:none;"></td>
  <td width="52" style="border:none;"></td>
  <td width="2" style="border:none;"></td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;margin:0pt 0pt 4.0pt 20.0pt;text-indent:-20.0pt;"><font size="1" style="font-size:8.0pt;">(1)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Value realized is calculated based on the difference
between the fair market value of the shares acquired and the prices of the
exercised options.</font></p>

<p style="font-family:Times New Roman;margin:0pt 0pt 4.0pt 20.0pt;text-indent:-20.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">Dollar value of unexercised in-the-money
options is calculated based on the difference between the closing price of the
Common Stock on The NASDAQ Stock Market on September&nbsp;30, 2004&#160; ($18.585 per share) and the exercise prices
of the options held.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 4.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="EquityCompensationPlans"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equity Compensation
Plans</font></b></a></p>

<p style="margin:0pt 0pt 8.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
following table sets forth, as of September&nbsp;30, 2004, certain information
related to the Company&#146;s compensation plans under which shares of Common Stock
are authorized for issuance:</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr>
  <td width="74" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:55.45pt;">
  <p align="left" style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Plan&nbsp;Category</font></b></p>
  </td>
  <td width="7" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:5.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="147" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:110.25pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="110" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:82.65pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of&nbsp;Securities<br>
  to&nbsp;be&nbsp;Issued&nbsp;upon<br>
  Exercise&nbsp;of<br>
  Outstanding<br>
  Options,<br>
  Warrants&nbsp;and&nbsp;Rights</font></b></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="110" colspan="4" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:82.6pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Weighted-Average<br>
  Exercise&nbsp;Price&nbsp;of<br>
  Outstanding&nbsp;Options,<br>
  Warrants&nbsp;and&nbsp;Rights</font></b></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
  <td width="123" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:91.9pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;">Number&nbsp;of&nbsp;Securities<br>
  Remaining&nbsp;Available&nbsp;for<br>
  Future&nbsp;Issuance&nbsp;under<br>
  Equity&nbsp;Compensation<br>
  Plans&nbsp;(Excluding<br>
  Securities&nbsp;Reflected<br>
  in&nbsp;Column&nbsp;(a))</font></b></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="font-weight:bold;line-height:8.0pt;margin:0pt 0pt .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="228" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:170.75pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equity compensation plans
  approved by security holders (1)</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,784,129</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:5.0pt;">
  <p align="left" style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:26.7pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.16</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">906,538</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="228" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:170.75pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Equity compensation plans
  not approved by security holders (2)</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16,145</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:5.0pt;">
  <p align="left" style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:26.7pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.92</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17,025</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr bgcolor="#CCEEFF">
  <td width="228" colspan="3" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:170.75pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="61" valign="bottom" style="border:none;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;width:45.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,800,274</font></p>
  </td>
  <td width="25" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:18.6pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="7" valign="bottom" style="padding:0pt 0pt 0pt 0pt;width:5.0pt;">
  <p align="left" style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:26.7pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.16</font></p>
  </td>
  <td width="34" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:25.45pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="12" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:9.05pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50" valign="bottom" style="border:none;border-bottom:double windowtext 2.25pt;padding:0pt .7pt 0pt 0pt;width:37.2pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">923,563</font></p>
  </td>
  <td width="36" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:27.35pt;">
  <p style="line-height:11.0pt;margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:1.7pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>

<div style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="160" noshade color="black" align="left" style="width:120.0pt;">

</font></div>

<p style="font-family:Times New Roman;font-size:10.0pt;line-height:10.0pt;margin:0pt 0pt 4.0pt 20.0pt;text-indent:-20.0pt;">(1)&#160;&#160; Does
not include shares issuable under the 2005 Incentive Plan, the adoption of
which is included as Proposal 4 in this Proxy Statement.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;line-height:10.0pt;margin:0pt 0pt 4.0pt 20.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Includes the plans and
arrangements described in this note but does
not include shares issuable in the event the Company elects to take advantage
of an exception to the NASDAQ rules&nbsp;requiring stockholder approval of
equity compensation arrangements, which would allow the Board to grant equity
of the Company (outside the Company&#146;s stockholder-approved equity plans) to a
successor CEO as an inducement to entering into employment with the Company as
previously discussed under Proposal 2. In connection with its
acquisition of MessagingDirect, Ltd. (&#147;MDL&#148;) in 2001, the Company assumed the
MDL Amended and Restated Employee Share Option Plan. Options under this plan
became 100% vested upon the acquisition and have terms of eight years from the
original date of grant by MDL. Under the Company&#146;s
2000 Non-Employee Director Stock Option Plan, options vest annually over a
period of three years and have a term of ten years from the date of grant. The
exercise price of options granted under the
Company&#146;s 2000 Non-Employee Director Stock Option Plan is
equal to the fair market value of the underlying Common Stock at the time of
grant. Stockholder approval was neither
required nor received in connection with the adoption of these plans and
arrangements. If the stockholders approve the 2005 Incentive Plan, the
Board shall terminate both the MDL
Amended and Restated Employee Share Option Plan and the 2000 Non-Employee
Director Stock Option Plan. Termination of such plans will not affect any
options outstanding under these plans immediately prior to termination thereof.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">28</font></p>
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<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="EmploymentAndChangeincontrolAgreeme"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">EMPLOYMENT AND CHANGE-IN-CONTROL AGREEMENTS</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="CeoEmploymentAgreement"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEO Employment Agreement</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On December&nbsp;3, 2001, the Company entered into an
employment agreement with Mr.&nbsp;Derkacht, which employment agreement was
amended and restated as of April&nbsp;28, 2003, December&nbsp;15, 2003 and September&nbsp;28,
2004 (the &#147;CEO Employment Agreement&#148;). On September&nbsp;28, 2004, the Company
issued a press release announcing Mr.&nbsp;Derkacht&#146;s intention to retire from
the Company not later than June&nbsp;30, 2006 and the entry by the Company and Mr.&nbsp;Derkacht
into the third amendment and restatement of the CEO Employment Agreement. A
copy of the press release was attached as Exhibit&nbsp;99.1 to the Current
Report on Form&nbsp;8-K filed by the Company on September&nbsp;29, 2004. The
following is a summary of the CEO Employment Agreement, as amended, a copy of
which was attached as Exhibit&nbsp;10.1 to the Company&#146;s Current Report on Form&nbsp;8-K
filed September&nbsp;29, 2004.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the terms of the CEO Employment Agreement,
Mr.&nbsp;Derkacht agrees to continue to be employed by the Company as president
and CEO and, unless otherwise requested by the Board, to continue to serve as a
member of the Board (subject to election by the Company&#146;s stockholders),
through June&nbsp;30, 2006 (the &#147;Term&#148;). Under the CEO Employment Agreement, Mr.&nbsp;Derkacht
will continue to serve as the Company&#146;s president and CEO unless the Company
appoints a successor president and CEO, in which case Mr.&nbsp;Derkacht will
perform transition services for the Company until the end of the Term or until
the CEO Employment Agreement is earlier terminated.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The CEO Employment Agreement provides that Mr.&nbsp;Derkacht
will receive a base salary at the
rate of $360,000 per year, as well as other compensation, including incentive
compensation of $150,000 per fiscal year for &#147;on target&#148; achievement of the
objectives set forth in the management incentive compensation plan (the &#147;MIC
Plan&#148;) and such other objectives as the Board may establish, and other bonus
opportunities. During the term of the CEO Employment Agreement, the Board may
increase Mr.&nbsp;Derkacht&#146;s base salary, but may not decrease his base salary
unless (i)&nbsp;as a result of a reasonable business judgment by the Board,
there is a pro rata across-the-board salary reduction for all executive level
management employees of the Company or (ii)&nbsp;Mr.&nbsp;Derkacht provides
transition services on less than a full-time basis as described below. The
Board may increase or decrease Mr.&nbsp;Derkacht&#146;s incentive compensation
during the term of the CEO Employment Agreement.</font></p>

<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a successor
president and CEO is appointed and Mr.&nbsp;Derkacht provides transition
services on a less than full-time basis, Mr.&nbsp;Derkacht&#146;s base salary will
be reduced to a rate of $180,000 per year and Mr.&nbsp;Derkacht will no longer
participate in the Company&#146;s MIC Plan. If Mr.&nbsp;Derkacht performs the duties
contemplated by the CEO Employment Agreement through the end of the Term,
including the transition services contemplated under the agreement, the CEO
Employment Agreement provides that Mr.&nbsp;Derkacht will be entitled to a
one-time bonus of $500,000 and certain other benefits as provided in the CEO
Employment Agreement.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&#160; Derkacht&#146;s
employment may be terminated for cause, deemed for the purposes of the CEO
Employment Agreement to exist if Mr.&nbsp;Derkacht breaches the CEO Employment
Agreement, is convicted of a felony involving moral turpitude, breaches the
Company&#146;s Code of Business Conduct and Ethics or Code of Ethics for the Chief
Executive Officer, or engages in serious, willful, gross misconduct or willful
gross negligence of his duties which results, or is likely to result, in
material economic damage to the Company.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the CEO Employment
Agreement, Mr.&nbsp;Derkacht will be entitled to receive a severance payment of
$500,000 in the event that the Company terminates Mr.&nbsp;Derkacht&#146;s
employment without cause prior to the end of the Term. However, the CEO
Employment Agreement provides that in the event that Mr.&nbsp;Derkacht is
entitled to severance compensation under the CEO Severance Agreement described
below, Mr.&nbsp;Derkacht&#146;s severance compensation will be determined under the
terms of the CEO Severance Agreement rather than the CEO Employment Agreement. If
Mr.&nbsp;Derkacht is entitled to </font></p>


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<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">compensation
under the CEO Severance Agreement, Mr.&nbsp;Derkacht will not be entitled to
certain compensation under the CEO Employment Agreement, including, without
limitation, the transition bonus or  any other severance payment for termination of employment without cause.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="CeoSeveranceAgreement"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEO Severance Agreement</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On September&nbsp;28, 2004, in
connection with the entry into the CEO Employment Agreement, the Company
amended and restated the Severance Compensation Agreement dated April&nbsp;28,
2003 between the Company and Mr.&nbsp;Derkacht (the &#147;CEO Severance Agreement&#148;)
to provide, in pertinent part, that the CEO Severance Agreement shall terminate
upon the appointment of a successor president and CEO. The form of the amended
and restated CEO Severance
Agreement
was attached as Exhibit&nbsp;E to the CEO Employment Agreement attached as Exhibit&nbsp;10.1
to the Company&#146;s Current Report on Form&nbsp;8-K filed September&nbsp;29, 2004.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="ChangeincontrolAndSeveranceCompensa"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Change-in-Control and Severance Compensation
Agreements</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company has entered into Change-in-Control
Severance Compensation Agreements (the   &#147;Severance
Agreement&#148;)  with all five of the Named
Executive Officers, two other executive officers and nine other employees. The
following is a summary of the Severance Agreements; provided, however, the
Severance Agreement for Mr.&nbsp;Derkacht has been amended as described in the
section above entitled &#147;CEO Severance Agreement.&#148;</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, the Severance Agreements provide that if
there is a change in control (as defined in the Severance Agreements) of the Company and the employee&#146;s
employment with the Company is subsequently terminated within two years after
the change in control, other than as a result of death, retirement, termination
by the Company for cause or the employee&#146;s decision to terminate employment
other than for good reason, the employee will be entitled to receive from the
Company certain payments and benefits. These payments and benefits include (i)&nbsp;a
lump-sum payment (the &#147;Lump-Sum Payment&#148;) equal to the employee&#146;s average
fiscal-year compensation for the two most recent fiscal years of the Company
ending prior to the date of termination; (ii)&nbsp;earned but unpaid base
salary through the date of termination; (iii)&nbsp;a quarterly incentive award
for the current fiscal quarter prorated through the date of termination equal
to the greater of the quarterly incentive award made to the employee for the
most recent fiscal quarter ending prior to the date of termination or the
average quarterly incentive award made to the employee for the most recent
three fiscal years ending prior to the date of termination; (iv)&nbsp;interest
on the amounts described in (i), (ii)&nbsp;and (iii); and (v)&nbsp;unless the
employee&#146;s termination of employment is the result of the employee&#146;s
disability, continued participation at the Company&#146;s cost in employee benefit
plans available to Company employees generally in which the employee was
participating, until the earlier of receiving equivalent benefits from a
subsequent employer or two years from the date of termination.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For purposes of the Severance Agreements, an employee&#146;s
fiscal-year compensation generally includes compensation includable in the
gross income of the employee, but excludes amounts realized on the exercise of
non-qualified stock options, amounts realized from the sale of stock acquired
under an incentive stock option or an employee stock purchase plan and compensation
deferrals made pursuant to any plan or arrangement maintained by the Company.
In the case of three executive officers (including Mr.&nbsp;Derkacht) and one
other employee, the Lump-Sum Payment shall in no event be less than two times
the employee&#146;s annual rate of base salary at the higher of the annual rate in
effect (i)&nbsp;immediately prior to the date of termination or (ii)&nbsp;on
the date six months prior to the date of termination. In the case of the other
executive officers and other employees party to the Severance Agreements, the
Lump-Sum Payment shall in no event be less than one times the employee&#146;s annual
rate of base salary at the higher of the annual rate in effect (i)&nbsp;immediately
prior to the date of termination or (ii)&nbsp;on the date six months prior to
the date of termination. Under the Severance Agreements, in the event of a
change in control, unvested awards and benefits (other than </font></p>


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<p style="margin:0pt 0pt 6.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">stock options or awards)
allocated to the employee under incentive plans shall fully vest and become
payable in cash.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Severance Agreements provide that in the event any
payment by the Company would be subject to the excise tax imposed by Section&nbsp;4999
of the Code, or any interest or penalties are incurred by the employee with
respect to such excise tax, then the employee will be entitled to an additional
payment in an amount such that, after payment by the employee of all taxes, the
employee is in the same after-tax position as if no excise tax had been
imposed. Under the Severance Agreements, the Company agrees to indemnify the
employee to the fullest extent permitted by law if the employee is a party or
threatened to be made a party to any action, suit or proceeding in which the
employee is involved by reason of the fact that the employee is or was a
director or officer of the Company, by reason of any action taken by him or of
any action on his part while acting as director or officer of the Company or by
reason of the fact that he is or was serving at the request of the Company as a
director, officer, employee or agent of another enterprise. The Company also
agrees to obtain and maintain a directors&#146; and officers&#146; liability insurance
policy covering the employee. The Severance Agreements terminate upon the
earlier of (1)&nbsp;termination of employment for any reason prior to a change
in control or (2)&nbsp;three years after the date of a change in control.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the above
Severance Agreements, the Company entered into Severance Compensation
Agreements (the &#147;Severance Compensation Agreements&#148;) with one executive officer<b><i><font style="font-style:italic;font-weight:bold;"> </font></i></b>that
joined the Company during fiscal 2004 and two
executive officers that joined the Company in fiscal 2003. A
form of the Severance Compensation Agreement was attached as Exhibit&nbsp;10.3
to the Company&#146;s Current Report on Form&nbsp;8-K filed on September&nbsp;29,
2004 and as Exhibit 10.15 to
the Company&#146;s annual report on Form 10-K for
fiscal 2003. The Severance Compensation Agreements provide
that if the employee&#146;s employment with the Company is terminated, other than as
a result of death, disability, retirement or termination by the Company for
cause, the employee will be entitled to receive from the Company a lump-sum
payment within five days after the date of termination and certain benefits.
The lump-sum payment and benefits include (i)&nbsp;base salary for six months; (ii)&nbsp;earned
but unpaid base salary through the date of termination; (iii)&nbsp;a quarterly
incentive award for the current fiscal quarter prorated through the date of
termination equal to the quarterly incentive award made to the employee for the
most recent fiscal quarter ending prior to the date of termination; and (iv)&nbsp;continued
participation at the Company&#146;s cost in employee benefit plans available to
Company employees generally in which the employee was participating, until the
earlier of receiving equivalent benefits from a subsequent employer or six
months from the date of termination.</font></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt 10.0pt;page-break-after:avoid;text-indent:-10.0pt;"><a name="NoncompeteAgreements"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-Compete Agreements</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of Messrs.&nbsp;Parkinson
and Vipond are parties to the Stock and Warrant Holders Agreement, dated as of December&nbsp;31,
1993, whereby each has agreed not to compete with the Company for so long as he
is employed by the Company. At the election of the Company, the non-compete
agreement may be extended for two years after termination of employment
provided that, with respect to Mr.&nbsp;Parkinson, the Company pays for a
period of two years, in accordance with the Company&#146;s normal pay periods, 100%
of his average annual compensation, defined to be the average annual
compensation (consisting of salary and cash compensation pursuant to incentive
plans) for the three calendar years preceding the date of termination. The
Company may elect to extend the non-compete agreement with respect to Mr.&nbsp;Vipond
for a period of two years upon the same terms, except that the Company is
obligated to pay only 50% of his average annual compensation if termination of
employment is voluntary or for cause.</font></p>


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<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="ReportOfCompensationCommittee"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">REPORT OF COMPENSATION COMMITTEE</font></b></a></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;letter-spacing:-.1pt;">The
Company has a standing Compensation Committee. </font>The Compensation
Committee operates pursuant to a charter (the &#147;Compensation Committee Charter&#148;)
approved and adopted by the Board. <font style="letter-spacing:-.1pt;">A copy of
the Compensation Committee Charter is available on the Company&#146;s website at </font></font><i><font style="font-style:italic;">www.tsainc.com</font></i><font style="letter-spacing:-.1pt;"> </font>in the Investors &#151; Corporate Governance
section. <font style="letter-spacing:-.1pt;">The Compensation Committee members
are Messrs.&nbsp;Alexander, Kever and Seymour, each of whom served for all of
fiscal 2004 and is &#147;independent&#148; as defined in Rule&nbsp;4200(a)&nbsp;of the
NASD listing standards. The Compensation Committee approves base salary and
incentive compensation for, and addresses other compensation matters with respect
to, officers of the Company, including executive officers. The Compensation
Committee grants all stock options to executive officers and other employees.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company&#146;s executive compensation program consists
of base salaries, annual incentive plans and stock options. The Company&#146;s
compensation program is intended to provide executive officers with overall
levels of compensation opportunity that are competitive within the software and
computer services industries, as well as within a broader spectrum of companies
of comparable size and complexity. The Company&#146;s compensation program is
structured and administered to support the Company&#146;s business strategy and
generate favorable returns for its stockholders.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In late fiscal 2004, the Company engaged Watson Wyatt
Worldwide to
evaluate the competitiveness of the Company&#146;s executive compensation program
and to provide advice and assistance in structuring, implementing and modifying
the executive compensation program to ensure that executive compensation is
aligned with stockholder interests and the Company&#146;s business strategy and
goals. &#160;The Compensation Committee has
taken Watson Wyatt&#146;s recommendations into account in establishing a fiscal 2005
compensation program for executive officers.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Base
Salary.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each
executive officer&#146;s base salary, except the CEO&#146;s, is based on the
recommendation of the CEO to the Compensation Committee. The recommendations
made by the Compensation Committee during fiscal 2004 were derived primarily
from a comparison of competitive labor markets for executive officer services
from surveys conducted by Culpepper and Associates,&nbsp;Inc. (&#147;Culpepper&#148;). Base
salary recommended for the head of the Company&#146;s largest business unit was
slightly higher than the average of other comparably-sized software and
computer services companies, while base salaries for the Company&#146;s other
executive officers were slightly lower than the average of other
comparably-sized software and computer services companies, in each case based
upon the information provided in the Culpepper surveys. Other factors used in
formulating base salary recommendations include the level of an executive&#146;s
compensation in relation to other executives in the Company with the same, more
and less responsibilities, the performance of the particular executive&#146;s
business unit or department in relation to established strategic plans, the
Company&#146;s operating budget for the year and the overall performance of the
Company.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Incentive
Compensation Plan.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>For
each executive officer, an incentive compensation plan is established at the
beginning of each fiscal year in connection with the Company&#146;s strategic plans
and annual operating budgets. The CEO provides recommendations to the
Compensation Committee for incentive compensation for each executive officer,
exclusive of himself. The level of incentive compensation recommended for each
executive officer is derived through a comparison of competitive labor markets
from surveys conducted by Culpepper. The incentive compensation recommended for
the Company&#146;s three business unit heads and one other executive officer was
slightly higher than the average of other comparably-sized software and
computer services companies, while incentive compensation recommended for the
Company&#146;s other executive officers was slightly lower than the average of other
comparably-sized software and computer services companies, in each case based
upon the information provided in the Culpepper surveys.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In fiscal 2004, an executive&#146;s potential incentive
payment under the Company&#146;s incentive compensation plans was related to the
Company&#146;s revenue, profit attainment, backlog, cash flow and </font></p>


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<p style="margin:0pt 0pt 6.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the financial performance of
the executive&#146;s division or department, with each component having an established
weighting within a plan. The plans provided for incentive payments ranging from
50% of the targeted incentive compensation (for 95% achievement of the
established components) to 150% of the targeted incentive compensation (for
110% achievement of the established components). The incentive compensation
earned during fiscal 2004 by the Company&#146;s executive officers exceeded targeted
levels established for six executive officers. The remaining executive officer
joined the Company late in fiscal 2004.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Long-Term
Compensation.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Long-term
compensation is comprised of the expected value of stock options. Stock options
are granted to executive officers and other key employees in amounts based upon
their position and individual performance. Stock options are granted at fair
market value as of the date of grant and have a term of ten years. Stock
options serve to align executives&#146; interests with stockholders and provide
incentive for the creation of long-term stockholder value.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEO&#146;s
Compensation.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Company and its CEO, Mr.&nbsp;Derkacht, entered into an employment agreement
dated as of December&nbsp;3, 2001, which employment agreement was amended and
restated as of April&nbsp;28, 2003, December&nbsp;15, 2003 and September&nbsp;28,
2004. The CEO Employment Agreement provides that the Company shall pay to Mr.&nbsp;Derkacht
a base salary at a minimum rate of $360,000 per year. The CEO Employment
Agreement further provides that the Company shall pay Mr.&nbsp;Derkacht
incentive compensation of $150,000 per year for on target achievement of the
objectives set forth in Mr.&nbsp;Derkacht&#146;s incentive compensation plan and
such other objectives as the Board may establish.</p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the terms and conditions of the CEO
Employment Agreement, the CEO&#146;s compensation was determined by the Compensation
Committee based on the same criteria used for executive officers generally. In
fiscal 2004, the Company paid Mr.&nbsp;Derkacht a base salary at the rate of
$360,000 per year. Under the Company&#146;s incentive compensation plans, Mr.&nbsp;Derkacht&#146;s
potential incentive compensation during fiscal 2004 was related to the Company&#146;s
revenue, profit attainment, backlog, cash flow and financial performance. The
Company paid Mr.&nbsp;Derkacht incentive compensation of $189,934 related to
fiscal 2004 performance, which bonus amount exceeded the targeted level
established for Mr.&nbsp;Derkacht. Mr.&nbsp;Derkacht&#146;s annualized base salary
of $360,000 and his total annualized compensation of $549,934 were both
approximately 20% lower than the average of comparably-sized software and
computer services companies,<font style="letter-spacing:-.1pt;"> based upon the
information provided in the Culpepper surveys</font>.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compliance with Internal
Revenue Code Section&nbsp;</font></b></font><b><font style="font-weight:bold;">162(m).</font></b><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>Section&nbsp;162(m)
of the Code, enacted in 1993, generally disallows a tax deduction to public
companies for compensation over $1,000,000 paid to the corporation&#146;s CEO and
the four other most highly compensated executive officers. Qualifying
performance-based compensation will not be subject to the deduction limit
if certain requirements are met. The Company currently intends to structure the
performance-based portion of the compensation of its other executive
officers in a manner that complies with this statute.</p>

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  </td>
  <td width="308" height="16" valign="top" style="height:12.0pt;padding:0pt .7pt 0pt 0pt;width:231.15pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MEMBERS&nbsp;OF&nbsp;THE&nbsp;COMPENSATION&nbsp;COMMITTEE</font></p>
  </td>
 </tr>
 <tr height="16" style="height:12.0pt;">
  <td width="304" height="16" valign="top" style="height:12.0pt;padding:0pt .7pt 0pt 0pt;width:227.75pt;">
  <p style="margin:6.0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="308" height="16" valign="top" style="height:12.0pt;padding:0pt .7pt 0pt 0pt;width:231.15pt;">
  <p align="center" style="margin:6.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger
  K. Alexander, Chairman<br>
  Jim D. Kever<br>
  Harlan F. Seymour</font></p>
  </td>
 </tr>
</table>

<p style="font-weight:bold;line-height:1.0pt;margin:0pt 0pt 12.0pt;page-break-after:avoid;"><b><font size="1" face="Times New Roman">&nbsp;</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compensation
Committee Interlocks and Insider Participation.</font></b></font><b><font style="font-weight:bold;">&nbsp;&nbsp; </font></b>No member of
the Compensation Committee was at any time during fiscal 2004, or at any other
time, an officer or employee of the Company. No executive officer of the
Company serves as a member of the board of directors or compensation committee
of any entity that has one or more executive officers serving as a member of
the Company&#146;s Board or Compensation Committee.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">33</font></p>
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<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="PerformanceGraph"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">PERFORMANCE
GRAPH</font></b></a></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In accordance with applicable
Commission rules, the following table shows a line-graph presentation comparing
cumulative stockholder return on an indexed basis with a broad equity market
index and either a nationally-recognized industry standard or an index of
peer companies selected by the Company. The Company has selected the S&amp;P
500 Index and the NASDAQ Computer&nbsp;&amp; Data Processing Services Index for
comparison.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPARISON OF 5-YEAR
CUMULATIVE TOTAL RETURN *<br>
</font></b><font style="font-weight:normal;">AMONG
TRANSACTION SYSTEMS ARCHITECTS, INC., THE S&amp;P 500 INDEX<br>
AND THE NASDAQ COMPUTER&nbsp;&amp; DATA PROCESSING INDEX</font></p>

<p align="center" style="line-height:12.0pt;margin:6.0pt 0pt .0001pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman"><img width="544" height="507" src="g12271dwimage002.gif"></font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:12.0pt 0pt 6.0pt 100.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman">$</font>100
invested on 9/30/99 in stock or index, including reinvestment<br>&#160;of dividends, for fiscal years ending
September 30.</p>

<p align="left" style="line-height:9.0pt;margin:0pt 0pt .0001pt 18.0pt;text-align:left;"></p>

<div style="line-height:9.0pt;margin:0pt 0pt .0001pt 18.0pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="420" noshade color="black" align="center" style="width:315.0pt;">

</font></div>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;">&nbsp;</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">34</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">A<a name="AnnualReport">NNUAL REPORT</a></font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Stockholders
may obtain a copy of the Company&#146;s Annual Report and a list of the exhibits
thereto without charge by written request delivered to the Company, Attn:
Investor Relations, 224 South 108th Avenue, Omaha, Nebraska 68154.</font></b>
The Company&#146;s annual reports on Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q,
current reports on Form&nbsp;8-K, and amendments to those reports filed or
furnished pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Securities Exchange Act of 1934, as amended (the
&#147;Exchange Act&#148;), are available free of charge on the Company&#146;s website at <i><font style="font-style:italic;">www.tsainc.com</font></i>
as soon as reasonably practicable after the Company files such information
electronically with the Commission.</p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="StockholderProposals"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">STOCKHOLDER
PROPOSALS</font></b></a></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposals of stockholders intended to be presented at
the Company&#146;s 2006 Annual Meeting of Stockholders must be received at the
office of the Company&#146;s Secretary, 224 South 108th Avenue, Omaha, Nebraska
68154, no later than September&nbsp;23, 2005, to be considered for inclusion in
the proxy statement and form of proxy for that meeting. The Nominating
Committee will review proposals submitted by stockholders for inclusion at the
Company&#146;s next annual stockholders&#146; meeting and will make recommendations to
the Board on an appropriate response to such proposals.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Rule&nbsp;14a-4(c)&nbsp;under the Exchange Act, if the Company does not
receive advance notice of a stockholder proposal to be raised at its next
annual stockholders&#146; meeting in accordance with the requirements of the Company&#146;s
Bylaws, the proxies solicited by the Company may confer discretionary voting
authority to vote proxies on the stockholder proposal without any discussion of
the matter in the proxy statement. The Company&#146;s Bylaws provide that written
notice of a stockholder proposal must be delivered to, or mailed and received
by, the Secretary of the Company at the principal executive offices of the
Company not less than 60&nbsp;nor more than 90 calendar days prior to the first
anniversary of the date on which the Company first mailed its proxy materials
for the preceding year&#146;s annual stockholders&#146; meeting.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As to each matter the
stockholder proposes to bring before the 2006 Annual Meeting of Stockholders,
the stockholder&#146;s notice must set forth: (i)&nbsp;a brief description of the
business desired to be brought before the 2006 Annual Meeting of Stockholders
and the reasons for conducting such business at such annual meeting, (ii)&nbsp;the
name and address, as they appear on the Company&#146;s books, of the stockholder
proposing such business, (iii)&nbsp;the class and number of shares of the
Company which are beneficially owned by the stockholder, and (iv)&nbsp;any
material interest of the stockholder in such business. The Company&#146;s Bylaws
also provide that the chairman of an annual meeting shall, if the facts
warrant, determine and declare to the meeting that business was not properly
brought before the annual meeting and, if he should so determine, such business
shall not be transacted.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">35</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="OtherMatters"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">OTHER
MATTERS</font></b></a></p>

<p style="margin:0pt 0pt 24.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board
does not know of any matters that are to be presented at the Annual Meeting
other than those stated in the Notice of Annual Meeting and referred to in this
Proxy Statement. If any other matters should properly come before the Annual
Meeting, it is intended that the proxies in the accompanying form will be voted
as the persons named therein may determine in their discretion.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr>
  <td width="367" valign="top" style="padding:0pt .7pt 0pt 0pt;width:275.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;page-break-after:avoid;"></p>
  </td>
  <td width="242" valign="top" style="padding:0pt .7pt 0pt 0pt;width:181.2pt;">
  <p style="margin:0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By Order of the Board of
  Directors,</font></p>
  </td>
 </tr>
 <tr>
  <td width="367" valign="top" style="padding:0pt .7pt 0pt 0pt;width:275.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="242" valign="top" style="padding:0pt .7pt 0pt 0pt;width:181.2pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman"><img width="240" height="59" src="g12271dwimage004.gif"></font></p>
  </td>
 </tr>
 <tr>
  <td width="367" valign="top" style="padding:0pt .7pt 0pt 0pt;width:275.0pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="242" valign="top" style="padding:0pt .7pt 0pt 0pt;width:181.2pt;">
  <p style="margin:6.0pt 0pt .0001pt;page-break-after:avoid;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis P. Byrnes<i><font style="font-style:italic;"><br>
  Secretary</font></i></font></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font face="Times New Roman">36</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:right;"><a name="AnnexA"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ANNEX A</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 12.0pt;page-break-after:avoid;text-align:center;"><a name="AmendedAndRestatedCertificateOfInco"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION<br>
OF<br>
TRANSACTION SYSTEMS ARCHITECTS, INC.</font></b></a></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE I</font></i></b></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The name of the corporation (which is hereinafter
called the &#147;<b><i><font style="font-style:italic;font-weight:bold;">Corporation</font></i></b>&#148;) is:</font></p>

<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRANSACTION SYSTEMS ARCHITECTS, INC.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE II</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The address of the registered
office in Delaware is Corporation Trust Center, 1209 Orange Street, Wilmington,
New Castle County, Delaware, and the name of the registered agent is The
Corporation Trust Company.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE III</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purpose of the Corporation
is to engage in any lawful act or activity for which corporations may be
organized under the General Corporation Law of the State of Delaware, as amended
(the &#147;<b><i><font style="font-style:italic;font-weight:bold;">DGCL</font></i></b>&#148;).</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE IV</font></i></b></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 1.&nbsp;&nbsp; <i><font style="font-style:italic;">Authorized Capital Stock</font></i>.&nbsp;&nbsp; The
Corporation is authorized to issue two classes of capital stock, designated
Common Stock and Preferred Stock. The total number of shares of capital stock
that the Corporation is authorized to issue is 75,000,000 shares, consisting of
70,000,000 shares of Common Stock, par value $0.005 per share, and 5,000,000
shares of Preferred Stock, par value $0.01 per share.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Effective upon the filing of
this Amended and Restated Certificate of Incorporation, each authorized, issued
and outstanding share of Class&nbsp;A Common Stock shall, without any further
action by the Corporation or any holder thereof, automatically be reclassified
as one share of Common Stock.</font></p>

<p style="margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 2.&nbsp;&nbsp; <i><font style="font-style:italic;">Preferred Stock</font></i>.&nbsp;&nbsp; The Preferred Stock may be issued in
one or more series. &#160;The Board of
Directors of the Corporation (the &#147;<b><i><font style="font-style:italic;font-weight:bold;">Board</font></i></b>&#148;) is
hereby authorized to issue the shares of Preferred Stock in such series and to
fix from time to time before issuance the number of shares to be included in
any such series and the designation, relative powers, preferences, rights and
qualifications, limitations or restrictions of such series. &#160;The authority of the Board with respect to
each such series will include, without limiting the generality of the
foregoing, the determination of any or all of the following:</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160; the number
of shares of any series and the designation to distinguish the shares of such
series from the shares of all other series;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160; the voting
powers, if any, and whether such voting powers are full or limited in such
series;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160; the
redemption provisions, if any, applicable to such series, including the
redemption price or prices to be paid;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160; whether
dividends, if any, will be cumulative or noncumulative, the dividend rate of
such series, and the dates and preferences of dividends on such series;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-</font><font face="Times New Roman">1</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160; the rights
of such series upon the voluntary or involuntary dissolution of, or upon any
distribution of the assets of, the Corporation;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160; the
provisions, if any, pursuant to which the shares of such series are convertible
into, or exchangeable for, shares of any other class or classes or of any other
series of the same or any other class or classes of stock, or any other
security, of the Corporation or any other corporation or other entity and the
rates or other determinants of conversion or exchange applicable thereto;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&#160;&#160; the right,
if any, to subscribe for or to purchase any securities of the Corporation or
any other corporation or other entity;</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)&#160;&#160; the
provisions, if any, of a sinking fund applicable to such series; and</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; any other
relative, participating, optional or other special powers, preferences or
rights and qualifications, limitations or restrictions thereof;</font></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">all as may be determined from time to time by the
Board and stated or expressed in the resolution or resolutions providing for
the issuance of such Preferred Stock (collectively, a &#147;<b><i><font style="font-style:italic;font-weight:bold;">Preferred
Stock Designation</font></i></b>&#148;).</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 3.&nbsp;&nbsp; <i><font style="font-style:italic;">Common Stock</font></i>.&nbsp;&nbsp; Subject to the rights of the holders of
any series of Preferred Stock, the holders of Common Stock will be entitled to
one vote on each matter submitted to a vote at a meeting of stockholders for
each share of Common Stock held of record by such holder as of the record date
for such meeting.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE V</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Corporation is to have
perpetual existence.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE VI</font></i></b></p>



<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board may make, amend, and
repeal the Bylaws of the Corporation. Any Bylaw made by the Board under the powers
conferred hereby may be amended or repealed by the Board (except as specified
in any such Bylaw so made or amended) or by the stockholders in the manner
provided in the Bylaws of the Corporation. The
Corporation may in its Bylaws confer powers upon the Board in addition to the
foregoing and in addition to the powers and authorities expressly conferred
upon the Board by applicable law.</font></p>



<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE VII</font></i></b></p>



<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At any annual meeting or
special meeting of stockholders of the Corporation, only such business will be
conducted or considered as has been brought before such meeting in the manner
provided in the Bylaws of the Corporation. Notwithstanding anything contained
in this Certificate of Incorporation to the contrary, the affirmative vote of
the holders of at least a majority of all classes of Voting Stock (as defined below) issued and
outstanding, voting as a single class, will be required to amend or repeal, or
adopt any provision inconsistent with, this ARTICLE&nbsp;VII. For the purposes of this Certificate of
Incorporation, &#147;<b><i><font style="font-style:italic;font-weight:bold;">Voting Stock</font></i></b>&#148; means stock of
the Corporation of all classes or series entitled to vote generally in the
election of Directors.</font></p>



<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE VIII</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 1.&nbsp;&nbsp; <i><font style="font-style:italic;">Election
of Directors</font></i>.&nbsp;&nbsp; Election
of Directors of the Corporation need not be by written ballot unless requested
by the Chairman or by the holders of a majority of the Voting Stock present in
person or represented by proxy at a meeting of the stockholders at which
Directors are to be elected. If authorized by the Board, such requirement of
written ballot shall be satisfied by a ballot submitted </font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-</font><font face="Times New Roman">2</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 12.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">by electronic
transmission, provided that any such electronic transmission must either set
forth or be submitted with information from which it can be determined that the
electronic transmission was authorized by the stockholder or proxy holder.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 2.&nbsp;&nbsp; <i><font style="font-style:italic;">Nomination of Director Candidates</font></i>.&nbsp;&nbsp; Advance notice of
stockholder nominations for the election of Directors must be given in the
manner provided in the Bylaws of the Corporation.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 3.&nbsp;&nbsp; <i><font style="font-style:italic;">Newly Created Directorships and Vacancies</font></i>.&nbsp;&nbsp; Subject to
the rights, if any, of the holders of any series of Preferred Stock to elect
additional Directors under circumstances specified in a Preferred Stock
Designation, newly created directorships resulting from any increase in the
number of Directors and any vacancies on the Board resulting from death,
resignation, disqualification, removal, or other cause will be filled solely by
the affirmative vote of a majority of the remaining Directors then in office,
even though less than a quorum of the Board, or by a sole remaining Director. Any
Director elected in accordance with the preceding sentence will hold office for
the remainder of the full term of the class of Directors in which the new
directorship was created or the vacancy occurred and until such Director&#146;s
successor has been elected and qualified. No decrease in the number of
Directors constituting the Board may shorten the term of any incumbent
Director.</font></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 4.&nbsp;&nbsp; <i><font style="font-style:italic;">Amendment, Repeal, Etc</font></i>.&nbsp;&nbsp; Notwithstanding anything
contained in this Certificate of Incorporation to the contrary, the affirmative
vote of the holders of at least a majority of all classes of Voting Stock
issued and outstanding, voting as a single class, is required to amend or
repeal, or adopt any provision inconsistent with, this ARTICLE&nbsp;VIII. The
vote on amendment or repeal of, or on the adoption of any provision inconsistent
with, this ARTICLE&nbsp;VIII must be by written ballot.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE IX</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the full extent permitted
by the DGCL or any other applicable law currently or hereafter in effect, no
Director of the Corporation will be personally liable to the Corporation or its
stockholders for or with respect to any acts or omissions in the performance of
his or her duties as a Director of the Corporation. Any repeal or modification
of this ARTICLE&nbsp;IX will not adversely affect any
right or protection of a Director of the Corporation existing prior to such
repeal or modification.</font></p>

<p style="font-style:italic;font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">ARTICLE X</font></i></b></p>

<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 1.&nbsp;&nbsp; <i><font style="font-style:italic;">Right to Indemnification</font></i>.&nbsp;&nbsp; Each person who was or is
made a party or is threatened to be made a party to or is otherwise involved in
any action, suit or proceeding, whether civil, criminal, administrative or
investigative (a &#147;<b><i><font style="font-style:italic;font-weight:bold;">Proceeding</font></i></b>&#148;), by reason of
the fact that he or she is or was a director or an officer of the Corporation
or is or was serving at the request of the Corporation as a director, officer,
employee or agent of another company or of a partnership, joint venture, trust
or other enterprise, including service with respect to an employee benefit plan
(an &#147;<b><i><font style="font-style:italic;font-weight:bold;">Indemnitee</font></i></b>&#148;), whether the basis of
such Proceeding is alleged action in an official capacity as a director,
officer, employee or agent or in any other capacity while serving as a
director, officer, employee or agent, shall be indemnified and held harmless by
the Corporation to the fullest extent permitted or required by the DGCL, as the
same exists or may hereafter be amended (but, in the case of any such
amendment, only to the extent that such amendment permits the Corporation to
provide broader indemnification rights than such law permitted the Corporation
to provide prior to such amendment), against all expense, liability and loss
(including attorneys&#146; fees, judgments, fines, ERISA excise taxes or penalties
and amounts paid in settlement) reasonably incurred or suffered by such
Indemnitee in connection therewith; provided, however, that, except as provided
in Section&nbsp;3 of this ARTICLE&nbsp;X with respect to Proceedings to enforce
rights to indemnification, the Corporation shall indemnify any such Indemnitee
in connection with a Proceeding (or part thereof) initiated by such Indemnitee
only if such Proceeding (or part thereof) was authorized by the Board of
Directors of the Corporation.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-</font><font face="Times New Roman">3</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 2.&nbsp;&nbsp; <i><font style="font-style:italic;">Right to Advancement of
Expenses</font></i>.&nbsp;&nbsp; The right to indemnification conferred in Section&nbsp;1
of this ARTICLE&nbsp;X shall include the right to be paid by the Corporation
the expenses (including, without limitation, attorneys&#146; fees and expenses)
incurred in defending any such Proceeding in advance of its final disposition
(an &#147;<b><i><font style="font-style:italic;font-weight:bold;">Advancement of Expenses</font></i></b>&#148;); provided,
however, that, if the DGCL so requires, an Advancement of Expenses incurred by
an Indemnitee in his or her capacity as a director or officer (and not in any other
capacity in which service was or is rendered by such Indemnitee, including,
without limitation, service to an employee benefit plan) shall be made only
upon delivery to the Corporation of an undertaking (an &#147;<b><i><font style="font-style:italic;font-weight:bold;">Undertaking</font></i></b>&#148;),
by or on behalf of such Indemnitee, to repay all amounts so advanced if it
shall ultimately be determined by final judicial decision from which there is
no further right to appeal (a &#147;<b><i><font style="font-style:italic;font-weight:bold;">Final Adjudication</font></i></b>&#148;)
that such Indemnitee is not entitled to be indemnified for such expenses under this
Section&nbsp;2 or otherwise. &#160;The rights
to indemnification and to the Advancement of Expenses conferred in
Sections&nbsp;1 and 2 of this ARTICLE&nbsp;X shall be contract rights and such
rights shall continue as to an Indemnitee who has ceased to be a director, officer,
employee or agent and shall inure to the benefit of the Indemnitee&#146;s heirs,
executors and administrators.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 3.&nbsp;&nbsp; <i><font style="font-style:italic;">Right of Indemnitee to
Bring Suit</font></i>.&nbsp;&nbsp; If a claim under Section&nbsp;1 or 2 of this
ARTICLE&nbsp;X is not paid in full by the Corporation within 60 calendar days
after a written claim has been received by the Corporation, except in the case
of a claim for an Advancement of Expenses, in which case the applicable period
shall be 20 calendar days, the Indemnitee may at any time thereafter bring suit
against the Corporation to recover the unpaid amount of the claim. If
successful in whole or in part in any such suit, or in a suit brought by the
Corporation to recover an Advancement of Expenses pursuant to the terms of an
Undertaking, the Indemnitee shall be entitled to be paid also the expense of
prosecuting or defending such suit. In (i)&nbsp;any suit brought by the
Indemnitee to enforce a right to indemnification hereunder (but not in a suit
brought by the Indemnitee to enforce a right to an Advancement of Expenses) it
shall be a defense that, and (ii)&nbsp;any suit brought by the Corporation to
recover an Advancement of Expenses pursuant to the terms of an Undertaking, the
Corporation shall be entitled to recover such expenses upon a Final
Adjudication that, the Indemnitee has not met any applicable standard for
indemnification set forth in the DGCL. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel or&#160; stockholders) to have made a determination
prior to the commencement of such suit that indemnification of the Indemnitee
is proper in the circumstances because the Indemnitee has met the applicable
standard of conduct set forth in the DGCL, nor an actual determination by the
Corporation (including its Board of Directors, independent legal counsel or
stockholders) that the Indemnitee has not met such applicable standard of conduct,
shall create a presumption that the Indemnitee has not met the applicable
standard of conduct or, in the case of such a suit brought by the Indemnitee,
be a defense to such suit. In any suit brought by the Indemnitee to enforce a
right to indemnification or to an Advancement of Expenses hereunder, or brought
by the Corporation to recover an Advancement of Expenses pursuant to the terms
of an Undertaking, the burden of proving that the Indemnitee is not entitled to
be indemnified, or to such Advancement of Expenses, under this ARTICLE&nbsp;X
or otherwise shall be on the Corporation.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 4.&nbsp;&nbsp; <i><font style="font-style:italic;">Non-Exclusivity of Rights</font></i>.&nbsp;&nbsp; The
rights to indemnification and to the Advancement of Expenses conferred in this
ARTICLE X shall not be exclusive of any other right which any person may have
or hereafter acquire under any statute, the Corporation&#146;s Certificate of
Incorporation or Bylaws, any agreement, any vote of stockholders or
disinterested directors or otherwise.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section 5.&nbsp;&nbsp; <i><font style="font-style:italic;">Insurance</font></i>.&nbsp;&nbsp; The
Corporation may maintain insurance, at its expense, to protect itself and any
director, officer, employee or agent of the Corporation or another corporation,
partnership, joint venture, trust or other enterprise against any expense,
liability or loss, whether or not the Corporation would have the power to
indemnify such person against such expense, liability or loss under the DGCL.</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-</font><font face="Times New Roman">4</font></p> <br><hr size="3" width="100%" noshade color="#010101" align="center">

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<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&#160;6.&nbsp;&nbsp; <i><font style="font-style:italic;">Indemnification of Employees and Agents of the Corporation</font></i>.&nbsp;&nbsp; The
Corporation may, to the extent authorized from time to time by the Board of
Directors, grant rights to indemnification and to the Advancement of Expenses
to any employee or agent of the Corporation to the fullest extent of the
provisions of this ARTICLE&nbsp;X with respect to the indemnification and
Advancement of Expenses of directors and officers of the Corporation.</font></p>



<p style="margin:0pt 0pt 18.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS
WHEREOF, Transaction Systems Architects,&nbsp;Inc. has caused this Amended and
Restated Certificate of Incorporation to be signed by its President,
acknowledging the same to be its act and deed, and attested to by its Secretary
this __________ day of March&nbsp;2005.</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;">
 <tr>
  <td width="287" valign="top" style="padding:0pt .7pt 0pt 0pt;width:215.0pt;">
  <p style="font-size:10.0pt;margin:0pt 0pt .0001pt;"></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name</font></p>
  </td>
  <td width="9" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="271" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:203.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="287" valign="top" style="padding:0pt .7pt 0pt 0pt;width:215.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="271" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:203.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">President</font></i></p>
  </td>
 </tr>
 <tr>
  <td width="287" valign="top" style="padding:0pt .7pt 0pt 0pt;width:215.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name</font></p>
  </td>
  <td width="9" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="271" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0pt .7pt 0pt 0pt;width:203.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:1.0pt;"><font style="text-decoration:none;">&nbsp;</font></font></u></p>
  </td>
 </tr>
 <tr>
  <td width="287" valign="top" style="padding:0pt .7pt 0pt 0pt;width:215.0pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="40" valign="top" style="padding:0pt .7pt 0pt 0pt;width:30.2pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="9" valign="bottom" style="padding:0pt .7pt 0pt 0pt;width:6.6pt;">
  <p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="271" valign="top" style="border:none;padding:0pt .7pt 0pt 0pt;width:203.0pt;">
  <p align="center" style="margin:0pt 0pt .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Secretary</font></i></p>
  </td>
 </tr>
</table>

<p style="line-height:1.0pt;margin:0pt 0pt 11.0pt;"><font size="1" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A-</font><font face="Times New Roman">5</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:right;"><a name="AnnexB"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">ANNEX B</font></b></a></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">TRANSACTION SYSTEMS
ARCHITECTS, INC.</font></b></p>

<p style="font-weight:bold;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-align:center;"><a name="A2005equityandperformanceincentivepl"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">2005 Equity and Performance Incentive Plan</font></b></a></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.&nbsp;&nbsp; PURPOSE.</font></b>&nbsp;&nbsp; The
purpose of the 2005 Equity and Performance Incentive Plan is to attract and
retain directors, officers and other employees for Transaction Systems Architects,&nbsp;Inc.,
a Delaware corporation, and its Subsidiaries and to provide to such persons
incentives and rewards for superior performance.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.&nbsp;&nbsp; DEFINITIONS.</font></b>&nbsp;&nbsp; As
used in this Plan,</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Appreciation Right</font></b>&#148; means a right granted
pursuant to Section&nbsp;5 of this Plan, and will include both Tandem
Appreciation Rights and Free-Standing Appreciation Rights.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Award</font></b>&#148; means any Option, Appreciation
Right, Restricted Stock, Restricted Stock Units, Performance Shares,
Performance Units or Other Awards granted under this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Award Agreement</font></b>&#148; means an agreement,
certificate, resolution or other type or form of writing or other evidence
approved by the Board that sets forth the terms and conditions of the Awards
granted. An Award Agreement may be in an electronic medium, may be limited to
notation on the books and records of the Company and, with the approval of the
Board, need not be signed by a representative of the Company or a Participant.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Base Price</font></b>&#148; means the price to be used as
the basis for determining the Spread upon the exercise of a Free-Standing
Appreciation Right and a Tandem Appreciation Right.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Board</font></b>&#148; means the Board of Directors of the
Company and, to the extent of any delegation by the Board to a committee (or
subcommittee thereof) pursuant to Section&nbsp;16 of this Plan, such committee
(or subcommittee).</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Code</font></b>&#148; means the Internal Revenue Code of
1986, as amended from time to time, and includes a reference to the underlying
final regulations. A reference to any provision of the Code shall include
reference to any successor provision of the Code.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Common Shares</font></b>&#148; means the shares of Class&nbsp;A
Common Stock, par value $<b><font style="font-weight:bold;">.</font></b>005 per share, of the Company or any
security into which such Common Shares may be changed by reason of any
transaction or event of the type referred to in Section&nbsp;12 of this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Company</font></b>&#148; means Transaction Systems
Architects,&nbsp;Inc., a Delaware corporation.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Covered Employee</font></b>&#148; means a Participant who
is, or is determined by the Board to be likely to become, a &#147;covered employee&#148;
within the meaning of Section&nbsp;162(m) of the Code or any successor
provision.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Date of Grant</font></b>&#148; means the date specified by
the Board on which a grant of any Award under this Plan will become effective
(which date will not be earlier than the date on which the Board takes action
with respect thereto).</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Director</font></b>&#148; means a member of the Board of
Directors of the Company.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Exchange Act</font></b>&#148; means the Securities Exchange
Act of 1934, as amended, and the rules&nbsp;and regulations thereunder, as such
law, rules&nbsp;and regulations may be amended from time to time.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Free-Standing Appreciation Right</font></b>&#148; means an
Appreciation Right granted pursuant to Section&nbsp;5 of this Plan that is not
granted in tandem with an Option.</font></p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Incentive Stock Options</font></b>&#148; means Options that
are intended to qualify as &#147;incentive stock options&#148; under Section&nbsp;422 of
the Code or any successor provision.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;page-break-after:avoid;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(o)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Management Objectives</font></b>&#148;
means the measurable performance objective or objectives established pursuant
to this Plan for Participants who have received grants of Performance Shares or
Performance Units or, when so determined by the Board, Options, Appreciation
Rights, Restricted Stock, Restricted Stock Units, dividend credits and Other
Awards pursuant to this Plan. Management Objectives may be described in terms
of Company-wide objectives or objectives that are related to the performance of
the individual Participant or of the Subsidiary, division, department, region
or function within the Company or Subsidiary in which the Participant is employed.
The Management Objectives may be made relative to the performance of other
companies. The Management Objectives applicable to any Award to a Covered
Employee will be based on specified levels of or growth in one or more of the
following criteria:</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>cash flow/net
assets ratio;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>debt/capital
ratio;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>return on total
capital;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>return on equity;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>earnings per share
growth;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>revenue growth;</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>total return to
stockholders (which may be measured by
stock price);</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>backlog; and</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 80.0pt;text-indent:-20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>contribution
margins.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Board determines that a change in the business,
operations, corporate structure or capital structure of the Company, or the
manner in which it conducts its business, or other events or circumstances
render the Management Objectives unsuitable, the Board may in its discretion
modify such Management Objectives or the related minimum acceptable level of
achievement, in whole or in part, as the Board deems appropriate and equitable,
except in the case of a Covered Employee where such action would result in the
loss of the otherwise available exemption of the Award under Section&nbsp;162(m)
of the Code. In such case, the Board will not make any modification of the
Management Objectives or minimum acceptable level of achievement with respect
to such Covered Employee.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(p)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Non-Employee Director</font></b>&#148; means a person who
is a &#147;non-employee director&#148; of the Company within the meaning of Rule&nbsp;16b-3
of the Securities and Exchange Commission promulgated under the Exchange Act.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(q)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Market Value per Share</font></b>&#148; means, as of any
particular date, (i)&nbsp;the closing sale price (price for last trade) per
Common Share&#160; as reported on the
principal exchange on which Common Shares are then trading, if any, or, if
applicable and provided that the Common Shares are not then-traded on such principal
exchange, the Nasdaq National Market System, or if there are no sales on such
day, on the next preceding trading day during which a sale occurred, or (ii)&nbsp;if
clause (i)&nbsp;does not apply, the fair market value of the Common Shares as
determined by the Board.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Nonqualified Stock Option</font></b>&#148; means<b><font style="font-weight:bold;"> </font></b>an Option that is not an Incentive Stock
Option.</font></p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(s)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Optionee</font></b>&#148; means the optionee named in an
Award Agreement evidencing an outstanding Option.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(t)&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Option Price</font></b>&#148; means the purchase price
payable on exercise of an Option.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(u)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Option</font></b>&#148; means the right to purchase Common
Shares upon exercise of an option granted pursuant to Section&nbsp;4 or Section&nbsp;9
of this Plan. An Option may be either an Incentive Stock Option or a
Nonqualified Stock Option.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Other Award</font></b>&#148; means an award or bonus
granted under Section&nbsp;10 of this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(w)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Participant</font></b>&#148; means a person who is selected
by the Board to receive benefits under this Plan and who is at the time an
officer, or other key employee of the Company or any one or more of its Subsidiaries,
or who has agreed to commence serving in any of such capacities within 90 days
of the Date of Grant, and will also include each Non- Employee Director who
receives an Award under this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(x)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Performance Period</font></b>&#148; means, in respect of a
Performance Share or Performance Unit or Qualified Performance-Based Award, a
period of time established pursuant to Section&nbsp;8 or Section&nbsp;9,
respectively, of this Plan within which the Management Objectives relating to
such Performance Share, Performance Unit or Qualified Performance-Based Award
are to be achieved.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(y)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Performance Share</font></b>&#148; means a bookkeeping
entry that records the equivalent of one Common Share awarded pursuant to Section&nbsp;8
or Section 9 of this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(z)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Performance Unit</font></b>&#148; means a bookkeeping entry
that records a unit equivalent to $1.00 awarded pursuant to Section&nbsp;8 or Section 9 of this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(aa)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Plan</font></b>&#148; means this Transaction Systems
Architects,&nbsp;Inc. 2005 Equity and Performance Incentive Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(bb)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Qualified Performance-Based Award</font></b>&#148; means an
Award that is either (i)&nbsp;intended to qualify for a Section&nbsp;162(m)
Exemption, and is made subject to the performance of certain Management
Objectives, or (ii)&nbsp;an Option or Appreciation Right.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(cc)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Restricted Stock</font></b>&#148; means Common Shares
granted or sold pursuant to Section&nbsp;6 or Section&nbsp;9 of this Plan as to
which neither the substantial risk of forfeiture nor the prohibition on
transfers has expired.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(dd)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Restriction Period</font></b>&#148; means the period of
time during which Restricted Stock Units are subject to deferral, a substantial
risk of forfeiture (based on the passage of time, the achievement of
performance goals, or upon the occurrence of other events as determined by the
Board, in its discretion) and other restrictions on transfer, as provided in Section&nbsp;7
or Section&nbsp;9 of this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ee)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Restricted Stock Unit</font></b>&#148; means an award made
pursuant to Section&nbsp;7 or Section 9 of
this Plan of the right to receive Common Shares or cash at the end of a
specified period.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ff)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Section&nbsp;162(m) Exemption</font></b>&#148; means the
exemption from the limitation on deductibility imposed by Section&nbsp;162(m)
of the Code or any successor provision thereto.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(gg)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Spread</font></b>&#148; means the excess of the Market
Value per Share on the date when an Appreciation Right is exercised, or on the
date when Options are surrendered in payment of the Option Price of other
Options, over the Option Price or Base Price provided for in the related Option
or Appreciation Right, respectively.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(hh)&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Subsidiary</font></b>&#148; means a corporation, company or
other entity (i)&nbsp;more than 50 percent of whose outstanding shares or
securities (representing the right to vote for the election of </font></p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">directors or other managing authority) are, or (ii)&nbsp;which
does not have outstanding shares or securities (as may be the case in a
partnership, joint venture or unincorporated association), but more than 50
percent of whose ownership interest representing the right generally to make
decisions for such other entity is, now or hereafter, owned or controlled,
directly or indirectly, by the Company; except that, for purposes of
determining whether any person may be a Participant for purposes of any grant
of Incentive Stock Options, &#147;<b><font style="font-weight:bold;">Subsidiary</font></b>&#148;
means any corporation in which at the time the Company owns or controls,
directly or indirectly, more than 50 percent of the total combined voting power
represented by all classes of stock issued by such corporation.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160;&#160;&#160;&#160;&#160; &#147;<b><font style="font-weight:bold;">Tandem Appreciation Right</font></b>&#148; means an
Appreciation Right granted pursuant to Section&nbsp;5 of this Plan that is
granted in tandem with an Option.</font></p>

<p style="margin:0pt 0pt 6.0pt;text-indent:20.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.&nbsp;&nbsp; SHARES AVAILABLE UNDER THE PLAN.</font></b></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Number of Shares</font></b>. Subject to adjustment as provided in Section&nbsp;3(b)&nbsp;and
Section&nbsp;12 of this Plan, the maximum number of Common Shares that may be
issued or transferred to Participants and their beneficiaries in connection
with Awards granted under the Plan shall be equal to the sum of: (i)&nbsp;3,000,000<b><font style="font-weight:bold;"> </font></b>Common Shares plus any shares described in Section&nbsp;3(b),
and (ii)&nbsp;any Common Shares that are represented by options granted under
the following Company plans which are forfeited, expire or are canceled without
delivery of Common Shares or which result in the forfeiture or relinquishment
of Common Shares back to the Company: (A)&nbsp;the 1994 Stock Option Plan, as
amended, (B)&nbsp;the 1996 Stock Option Plan, (C)&nbsp;the 1997 Management Stock
Option Plan, (D)&nbsp;the 2000 Non-Employee Director Stock Option, (E)&nbsp;the
MessagingDirect Ltd. Amended and Restated Employee Share Option Plan and (F)&nbsp;the
2002 Non-Employee Director Stock Option Plan, as amended (collectively the &#147;Prior
Plans&#148;). Such shares may be shares of original issuance or treasury shares or a
combination of the foregoing.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Share Calculation.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; To the
extent that an Award is canceled, terminates, expires, is forfeited or lapses
for any reason, any unissued Common Shares subject to the Award will again be
available for issuance pursuant to Awards granted under this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Common
Shares subject to Awards settled in cash will again be available for issuance
pursuant to Awards granted under this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; Shares
surrendered or relinquished upon the payment of any Option Price for Options
granted under this Plan or any of the Prior Plans by transfer to the Company of
Common Shares or upon satisfaction of any withholding amount will again be
available for issuance pursuant to Awards granted under this Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160; The number
of shares available in Section&nbsp;3(a) shall not be reduced to reflect any
dividends or dividend equivalents that are reinvested into additional Common
Shares or credited as additional Restricted Stock, Restricted Stock Units,
Performance Shares or Performance Units.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&#160;&#160; If, under
this Plan, a Participant has given up the right to receive compensation in
exchange for Common Shares based on fair market value, such Common Shares will
not count against the number of shares available in Section&nbsp;3(a) above.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Individual Limits</font></b><b><font style="font-weight:bold;">.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>Notwithstanding anything in this Section&nbsp;3,
or elsewhere in this Plan to the contrary and subject to adjustment as provided
in Section&nbsp;12 of this Plan:</p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; the
aggregate number of Common Shares actually issued or transferred by the Company
upon the exercise of Incentive Stock Options will not exceed 3,000,000 Common
Shares;</font></p>


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<div>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; no
Participant will be granted Options, Appreciation Rights, Restricted Stock,
Restricted Stock Units, or Other Awards this Plan during the life of the Plan,
in the aggregate, for more than 1,000,000
Common Shares during any calendar year;</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; the number
of shares issued as Restricted Stock, Restricted Stock Units, Performance
Shares and Performance Units (after taking into account any forfeitures<b><font style="font-weight:bold;">, </font></b>or<b><font style="font-weight:bold;"> </font></b>expirations or
transfers upon expiration of any withholding amount) will not during the
life of the Plan in the aggregate exceed 2,500,000 Common Shares; and</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160; notwithstanding
any other provision of this Plan to the contrary, in no event will any
Participant in any calendar year receive an award of Performance Shares or
Performance Units having an aggregate maximum value as of their respective
Dates of Grant in excess of $5,000,000.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">OPTIONS.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font>The Board may, from time to time and
upon such terms and conditions as it may determine, authorize the granting to
Participants of Options to purchase Common Shares. Each such grant may utilize
any or all of the authorizations, and will be subject to all of the
requirements contained in the following provisions:</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Type of Options and Eligibility</font></b><b><font style="font-weight:bold;">.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>Options
granted under this Plan may be (i)&nbsp;Incentive Stock Options (ii)&nbsp;Nonqualified
Stock Options, or (iii)&nbsp;combinations of the foregoing. Incentive Stock
Options may only be granted to Participants who meet the definition of &#147;employees&#148;
under Section&nbsp;3401(c) of the Code.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Number of Shares</font></b><b><font style="font-weight:bold;">.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>Each grant will specify the number of
Common Shares to which it pertains subject to the limitations set forth in Section&nbsp;3
of this Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Exercise Price</font></b><b><font style="font-weight:bold;">.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>Each grant will specify an Option Price
per share, which may not be less
than the Market Value per Share on the day immediately preceding the Date of
Grant.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Exercise Terms and Expiration.</font></b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>An
Option will be exercisable in accordance with such terms and conditions and
during such periods established by the Board and set forth in the Award
Agreement; provided, however, no Option will be exercisable more than 10 years
from the Date of Grant.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Special Terms for Incentive Stock Options.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Notwithstanding
anything contained herein to the contrary, the aggregate Market Value per Share
with respect to which Incentive Stock Options are exercisable for the first
time by a Participant during any calendar year (under all incentive stock
option plans of the Company or any Subsidiary) shall not exceed $100,000 or
such other limit set forth in the Code, as amended.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; No
Incentive Stock Option shall be granted to an employee who, at the time the
Incentive Stock Option is granted, owns (actually or constructively under the
provisions of Section&nbsp;424(d) of the Code) stock possessing more than 10%
of the total combined voting power of all classes of stock of the Company or
any Subsidiary, unless the Option Price is at least 110% of the Market Value
per Share (determined as of the time the Incentive Stock Option is granted) of
Common Shares subject to the Incentive Stock Option and the Incentive Stock
Option by its terms is not exercisable more than five (5)&nbsp;years from the
Date of Grant.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; To the
extent that any provision of this Plan would prevent any Option that was
intended to qualify as an Incentive Stock Option from qualifying as such, that
provision will be null and void with respect to such Option. Such provision, however,
will remain in effect for other Options and there will be no further effect on
any provision of this Plan.</font></p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Payment.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each grant
will specify whether the Option Price will be payable (i)&nbsp;in cash or by
check acceptable to the Company or by wire transfer of immediately available
funds, (ii)&nbsp;by the actual or constructive transfer to the Company of
Common Shares owned by the Optionee for at least 6 months (or other
consideration authorized pursuant to Section&nbsp;4(f)(ii)) having a value at
the time of exercise equal to the total Option Price, or (iii)&nbsp;by a
combination of such methods of payment.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; The Board
may determine, at or after the Date of Grant, that payment of the Option Price
of any Nonqualified Stock Option may also be made in whole or in part in the
form of Restricted Stock or other Common Shares that are forfeitable or subject
to restrictions on transfer, or in the form of Restricted Stock Units,
Performance Shares (based, in each case, on the Market Value per Share on the
date of exercise), other Options (based on the Spread on the date of exercise)
or Performance Units. Unless otherwise determined by the Board at or after the
Date of Grant, whenever any Option Price is paid in whole or in part by means
of any of the forms of consideration specified in this Section&nbsp;4(f)(ii),
the Common Shares received upon the exercise of the Options will be subject to
such risks of forfeiture or restrictions on transfer as may correspond to any
that apply to the consideration surrendered, but only to the extent, determined
with respect to the consideration surrendered, of (a)&nbsp;the number of shares
or Performance Shares, (b)&nbsp;the Spread of any unexercisable portion of
Options, or (c)&nbsp;the stated value of Performance Units.</font></p>



<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; The Board
reserves the discretion at or after the Date of Grant to provide for (a)&nbsp;the
payment of a cash bonus at the time of exercise; (b) the availability of a loan at exercise; and
(c)&nbsp;the
right to tender in satisfaction of the Option Price nonforfeitable,
unrestricted Common Shares, which are already owned by the Optionee and have a
value at the time of exercise that is equal to the Option Price.</font></p>



<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160; To the
extent permitted by law, any grant may provide for deferred payment of the Option
Price from the proceeds of sale through a bank or broker on a date satisfactory
to the Company of some or all of the shares to which such exercise relates.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">General.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Successive
grants may be made to the same Participant whether or not any Options
previously granted to such Participant remain unexercised.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Each grant
will specify the period or periods of continuous service by the Optionee with
the Company or any Subsidiary that is necessary before the Options or
installments thereof will become exercisable and may provide for the earlier
exercise of such Options in the event of the termination of the Optionee&#146;s
employment for any reason or a change in control of the Company, as may be
defined in an Award Agreement.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; The
exercise of an Option will result in the cancellation on a share- for-share
basis of any Tandem Appreciation Right authorized under Section&nbsp;5 of this
Plan.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160; Any grant
of Options may specify Management Objectives that must be achieved as a
condition to the exercise of such rights.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Award Agreement</font></b><b><font style="font-weight:bold;">.</font></b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each
grant of Options will be evidenced by an Award Agreement and will contain such
terms and provisions, consistent with this Plan, as the Board may approve.</p>


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<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">APPRECIATION RIGHTS.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Types of Appreciation Rights.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>The Board may authorize the granting of
(i)&nbsp;Tandem Appreciation Rights in respect of Options granted hereunder to
any Optionee, and (ii)&nbsp;Free-Standing Appreciation Rights to any
Participant. Each grant of Appreciation Rights may utilize any or all of the
authorizations, and will be subject to all of the requirements, contained in
the following provisions.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Tandem Appreciation Rights.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font>A &#147;<b><font style="font-weight:bold;">Tandem
Appreciation Right</font></b>&#148; will be a right of the Optionee, exercisable by
surrender of the related Option, to receive from the Company an amount
determined by the Board, which will be expressed as a percentage of the Spread
(not exceeding 100 percent) at the time of exercise. Tandem Appreciation Rights
may be granted at any time prior to the exercise or termination of the related
Options; provided, however, that a Tandem Appreciation Right awarded in
relation to an Incentive Stock Option must be granted concurrently with such
Incentive Stock Option.</p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Any grant
of Tandem Appreciation Rights will provide that such Tandem Appreciation Rights
may be exercised only at a time when the related Option is also exercisable and
at a time when the Spread is positive, and by surrender of the related Option
for cancellation.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Free-Standing Appreciation Rights</font></b>.</font><font face="Times New Roman">&nbsp;&nbsp; </font>A &#147;<b><font style="font-weight:bold;">Free-Standing
Appreciation Right</font></b>&#148; will be a right of the Participant to receive
from the Company an amount determined by the Board, which will be expressed as
a percentage of the Spread (not exceeding 100 percent) at the time of exercise.</p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each grant
will specify in respect of each Free-Standing Appreciation Right a Base Price,
which will be equal to or greater than the Market Value per Share on the day
immediately preceding the Date of Grant;</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Successive
grants may be made to the same Participant regardless of whether any
Free-Standing Appreciation Rights previously granted to the Participant remain
unexercised; and</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; No Free-Standing
Appreciation Right granted under this Plan may be exercised more than 10 years
from the Date of Grant.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Payment.</font></b></font></p>

<p style="margin:0pt 0pt 7.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Any grant may specify that the amount payable on exercise of an
Appreciation Right may be paid by the Company in cash, in Common Shares or in
any combination thereof and may either grant to the Participant or retain in
the Board the right to elect among those alternatives.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Any grant
may specify that the amount payable on exercise of an Appreciation Right may
not exceed a maximum specified by the Board at the Date of Grant.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">General.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Any grant
may specify waiting periods before exercise and permissible exercise dates or
periods.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Any grant
may specify that such Appreciation Right may be exercised only in the event of,
or earlier in the event of, a change in control of the Company, as may be
defined in an Award Agreement.</font></p>


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<div>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; Any grant
of Appreciation Rights may specify Management Objectives that must be achieved
as a condition of the exercise of such Appreciation Rights.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:normal;">(f)</font></b>&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font style="font-weight:bold;">Award
Agreement.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font>Each grant of Appreciation Rights will be evidenced
by an Award Agreement, which Award Agreement will describe such Appreciation
Rights, identify the related Options (if applicable), and contain such other
terms and provisions, consistent with this Plan, as the Board may approve.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><font style="font-weight:bold;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font></b></font><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">RESTRICTED STOCK.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may also
authorize the grant or sale of Restricted Stock to Participants. Each such
grant or sale may utilize any or all of the authorizations, and will be subject
to all of the requirements, contained in the following provisions.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(a)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></b></font><b><font style="font-weight:bold;">Ownership</font>.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each such grant or sale will constitute
an immediate transfer of the ownership of Common Shares to the Participant in
consideration of the performance of services, entitling such Participant to
voting, dividend and other ownership rights, but subject to the substantial
risk of forfeiture and restrictions on transfer hereinafter referred to.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Consideration.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each such grant or
sale may be made without additional consideration or in consideration of a
payment by such Participant that is less than the Market Value per Share at the
Date of Grant.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Substantial Risk of Forfeiture.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each such
grant or sale will provide that the Restricted Stock covered by such grant or
sale will be subject to a &#147;substantial risk of forfeiture&#148; within the meaning
of Section&nbsp;83 of the Code for a period of not less than one year to be determined by the Board at
the Date of Grant and may provide for the earlier lapse of such substantial
risk of forfeiture in the event of a change in control of the Company, as may
be defined in an Award Agreement.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Each such
grant or sale will provide that during the period for which such substantial
risk of forfeiture is to continue, the transferability of the Restricted Stock
will be prohibited or restricted in the manner and to the extent prescribed by
the Board at the Date of Grant (which restrictions may include, without
limitation, rights of repurchase or first refusal in the Company or provisions
subjecting the Restricted Stock to a continuing substantial risk of forfeiture
in the hands of any transferee).</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">General.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Any grant
of Restricted Stock may specify Management Objectives that, if achieved, will
result in termination or early termination of the restrictions applicable to
such Restricted Stock. Each grant may specify in respect of such Management
Objectives a minimum acceptable level of achievement and may set forth a
formula for determining the number of shares of Restricted Stock on which
restrictions will terminate if performance is at or above the minimum level,
but falls short of full achievement of the specified Management Objectives.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Unless
otherwise directed by the Board, all certificates representing shares of
Restricted Stock will be held in custody by the Company until all restrictions
thereon will have lapsed, together with a stock power or powers executed by the
Participant in whose name such certificates are registered, endorsed in blank
and covering such Shares.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Award Agreement.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each grant or sale
of Restricted Stock will be evidenced by an Award Agreement and will contain
such terms and provisions, consistent with this Plan, as the Board may approve.</p>


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<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">RESTRICTED STOCK UNITS.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may also
authorize the granting or sale of Restricted Stock Units to Participants. Each
such grant or sale may utilize any or all of the authorizations, and will be
subject to all of the requirements contained in the following provisions.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Payment.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each such
grant or sale will constitute the agreement by the Company to deliver Common
Shares or cash to the Participant in the future in consideration of the
performance of services, but subject to the fulfillment of such conditions
during the Restriction Period as the Board may specify.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Each such
grant or sale may be made without additional consideration or in consideration
of a payment by such Participant that is less than the Market Value per Share
at the Date of Grant.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Restriction Period.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each such
grant or sale will be subject to a Restriction Period of not less than one
year, as determined by the Board at the Date of Grant, and may provide for the
earlier lapse or other modification of such Restriction Period in the event of
a change in control of the Company, as may be defined in an Award Agreement.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; During the
Restriction Period, the Participant will have no right to transfer any rights
under his or her Award and will have no rights of ownership in the Restricted
Stock Units and will have no right to vote them.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Award Agreement.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each grant or sale
of Restricted Stock Units will be evidenced by an Award Agreement and will
contain such terms and provisions, consistent with this Plan, as the Board may
approve.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">PERFORMANCE SHARES AND
PERFORMANCE UNITS.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may also authorize the
granting of Performance Shares and Performance Units that will become payable
to a Participant upon achievement of specified Management Objectives during the
Performance Period. Each such grant may utilize any or all of the
authorizations, and will be subject to all of the requirements, contained in
the following provisions.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Shares and Units.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each grant will
specify the number of Performance Shares or Performance Units to which it
pertains, which number may be subject to adjustment to reflect changes in
compensation or other factors; provided, however, that no such adjustment will
be made in the case of a Covered Employee where such action would result in the
loss of the otherwise available exemption of the Award under Section&nbsp;162(m)
of the Code.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; Performance</font>
Period.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Performance Period with respect
to each Performance Share or Performance Unit will be such period of time (not
less than one year), commencing
with the Date of Grant as will be determined by the Board at the time of grant,
which may be subject to earlier lapse or other modification in the event of a
change in control of the Company, as may be defined in an Award Agreement.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; Achievement</font> of
Management Objectives.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Any grant of Performance Shares or
Performance Units will specify Management Objectives which, if achieved, will
result in payment or early payment of the Award, and each grant may specify in
respect of such specified Management Objectives a minimum acceptable level of
achievement and will set forth a formula for determining the number of
Performance Shares or Performance Units that will be earned if performance is
at or above the minimum level, but falls short of full achievement of the
specified Management Objectives. The grant of Performance Shares or Performance
Units will specify that, </p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">before the Performance Shares or Performance Units
will be earned and paid, the Board must certify that the Management Objectives
have been satisfied.</font></p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <b><font style="font-weight:bold;">Payment.</font></b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Each grant
will specify the time and manner of payment of Performance Shares or
Performance Units that have been earned.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Any grant
may specify that the amount payable with respect thereto may be paid by the
Company in cash, in Common Shares or in any combination thereof and may either
grant to the Participant or retain in the Board the right to elect among those
alternatives.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; Any grant
of Performance Shares or Performance Units&#160;
may specify that the amount payable or the number of Common Shares issued
with respect thereto may not exceed a maximum specified by the Board at the
Date of Grant.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Award Agreement.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each grant of
Performance Shares or Performance Units will be evidenced by an Award Agreement
and will contain such other terms and provisions, consistent with this Plan, as
the Board may approve.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">AWARDS TO NON-EMPLOYEE
DIRECTORS.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Board may authorize the grant or sale of any Award available under this Plan to
Non-Employee Directors, from time to time, upon such terms and conditions as it
may determine and subject to the terms and conditions pertaining to the type of
Award granted, as described in this Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Payment for Options.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Options may be
exercised by a Non-Employee Director only upon payment to the Company in full
of the Option Price of the Common Shares to be delivered. Such payment will be
made in cash or in Common Shares then owned by the Optionee for at least six
months, or in a combination of cash and such Common Shares.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Employee Status.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>If a Non-Employee
Director subsequently becomes an employee of the Company or a Subsidiary while
remaining a member of the Board, any Options held under the Plan by such
individual at the time of such commencement of employment will not be affected
thereby.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Director Compensation Substitution.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Non-Employee
Directors, pursuant to this Section&nbsp;9, may be awarded, or may be permitted
to elect to receive, pursuant to procedures established by the Board, all or
any portion of their annual retainer, meeting fees or other fees in Common
Shares in lieu of cash.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Award Agreement.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Each grant of
Awards pursuant to this Section&nbsp;9 will be evidenced by an Award Agreement
and will contain such other terms and provisions, consistent with this Plan, as
the Board may approve.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:20.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">OTHER AWARDS.</font></b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Other Awards.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may,
subject to limitations under applicable law, grant to any Participant such
other awards that may be denominated or payable in, valued in whole or in part
by reference to, or otherwise based on, or related to, Common Shares or factors
that may influence the value of such shares, including, without limitation,
convertible or exchangeable debt securities, other rights convertible or
exchangeable into Common Shares, purchase rights for Common Shares, Awards with
value and payment contingent upon performance of the Company or specified
Subsidiaries, affiliates or other business units thereof or any other factors
designated by the Board, and Awards valued by reference to the book value of
Common Shares or the value of securities of, or the performance of specified
Subsidiaries or affiliates or other business units of the Company. The Board
shall determine the terms and conditions of such Other Awards. Common Shares
delivered pursuant to an Award in the nature of a purchase right granted under </p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">this Section&nbsp;10 shall be purchased for such
consideration, paid for at such time, by such methods, and in such forms,
including, without limitation, cash, Common Shares, other awards, notes or
other property, as the Board shall determine.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Cash Awards.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Cash awards, as an
element of or supplement to any other award granted under this Plan, may also
be granted pursuant to this Section&nbsp;10.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Share Bonus.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may
grant Common Shares as a bonus, or may grant other awards in lieu of
obligations of the Company or a Subsidiary to pay cash or deliver other
property under this Plan or under other plans or compensatory arrangements,
subject to such terms as shall be determined by the Board.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><b><font style="font-weight:bold;">TRANSFERABILITY.</font></b></p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)<b><font style="font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font>Limits on Transferability.</b></font><font face="Times New Roman">&nbsp;&nbsp; </font>Except for
transfers of Awards to the Company pursuant to Section&nbsp;4(f)(ii), or as
provided in Section&nbsp;11(b) below, no Option, Appreciation Right or other
derivative security granted under the Plan shall be transferable by the
Participant except by will or the laws of descent and distribution or, except with respect to an Incentive
Stock
Option,
pursuant to a domestic relations order (within the meaning of Rule&nbsp;16a-12
promulgated under the Exchange Act). Except as otherwise determined by
the Board, Options and Appreciation Rights will be exercisable during the
Participant&#146;s lifetime only by him or her or, in the event of the Participant&#146;s
legal incapacity to do so, by his or her guardian or legal representative
acting on behalf of the Participant in a fiduciary capacity under state law
and/or court supervision.</p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font style="font-weight:bold;">Beneficiary
Designations. </font></b></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; Notwithstanding
Section&nbsp;11(a)&nbsp;above, an Option, Appreciation Right or other
derivative security granted under the Plan may be transferable upon the death
of the Participant, without payment of consideration therefor, to any one or
more family members (as defined in the General Instructions to Form&nbsp;S-8
under the Securities Act of 1933) of the Participant, as may have been
designated in writing by the Participant by means of a form of beneficiary
designation approved by the Company. Such beneficiary designation may be made
at any time by the Participant and shall be effective when it is filed, prior
to the death of the Participant, with the Company. Any beneficiary designation
may be changed by the filing of a new beneficiary designation, which will
cancel any beneficiary designation previously filed with the Company.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(ii)&#160;&#160; Notwithstanding
Section&nbsp;11(a)&nbsp;above, an Option, </font>Appreciation Right or other
derivative security granted under the Plan may
be transferable by the Participant without payment of consideration therefor,
to any one or more family members (as defined in the General Instructions to
Form&nbsp;S-8 under the Securities Act of 1933) of the Participant; <i><font style="font-style:italic;">provided</font></i>, <i><font style="font-style:italic;">however</font></i>, that
such transfer will not be effective until notice of such transfer is delivered
to the Company; and <i><font style="font-style:italic;">provided</font></i>, <i><font style="font-style:italic;">further</font></i>, <i><font style="font-style:italic;">however</font></i>, that
any such transferee is subject to the same terms and conditions hereunder as
the Participant.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Additional
Restrictions on Transfer.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may specify at the Date of Grant that part or all of the
Common Shares that are (i)&nbsp;to be issued or transferred by the Company upon
the exercise of Options or Appreciation Rights, upon the termination of the
Restriction Period applicable to Restricted Stock Units or upon payment under
any grant of Performance Shares or Performance Units or (ii)&nbsp;no longer
subject to the substantial risk of forfeiture and restrictions on transfer
referred to in Section&nbsp;6 of this Plan, will be subject to further restrictions
on transfer.</p>


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<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"></font></p>





<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"></font></p>





<p style="margin:0pt 0pt 12.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman"></font><font face="Times New Roman"></font><font style="font-weight:bold;"><b></b></font><b><font face="Times New Roman" style="font-weight:bold;"></font></b></p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>ADJUSTMENTS.</b></font></b></p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Outstanding
Awards.</b></font><font style="font-weight:bold;"><b><font face="Times New Roman">&nbsp;&nbsp; </font></b></font><font style="font-weight:bold;"><b><font style="font-weight:normal;">T</font></b></font>he Board may make
or provide for such adjustments in the number of Common Shares covered by
outstanding Options, Appreciation Rights, Restricted Stock Units, and
Performance Shares granted hereunder and, if applicable, in the number of
Common Shares covered by Other Awards, in the Option Price and Base Price
provided in outstanding Options and
Appreciation Rights, and in the kind of shares covered
thereby, as the Board, in its sole discretion, exercised in good faith, may
determine is equitably required to prevent dilution or enlargement of the
rights of Participants or Optionees that otherwise would result from (a)&nbsp;any
stock dividend, stock split, combination of shares, recapitalization,
reclassification or other change in the capital structure of the Company, or (b)&nbsp;any
merger, consolidation, spin-off, split-off, spin-out, split-up, reorganization,
partial or complete liquidation or other distribution of assets, issuance of
rights or warrants to purchase securities, or (c)&nbsp;any other corporate
transaction or event having an effect similar to any of the foregoing. Moreover,
in the event of any such transaction or event, the Board, in its discretion,
may provide in substitution for any or all outstanding Awards under this Plan
such alternative consideration as it, in good faith, may determine to be
equitable in the circumstances and may require in connection therewith the
surrender of all Awards so replaced.</p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Share
Limitations.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may also make or provide for such adjustments in the
number and kind of Common Shares specified in Section&nbsp;3 of this Plan as
the Board in its sole discretion, exercised in good faith, may determine is
appropriate to reflect any transaction or event described in this Section&nbsp;12;
provided, however, that any such adjustment to the number specified in Section&nbsp;3(c)(i)&nbsp;will
be made only if and to the extent that such adjustment would not cause any
Option intended to qualify as an Incentive Stock Option to fail so to qualify.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>FRACTIONAL SHARES.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Company will not be required to issue any fractional Common Shares pursuant to
this Plan. The Board may provide for the elimination of fractions or for the
settlement of fractions in cash.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">14.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>WITHHOLDING TAXES.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>To the
extent that the Company is required to withhold federal, state, local or
foreign taxes in connection with any payment made or benefit realized by a
Participant or other person under this Plan, and the amounts available to the
Company for such withholding are insufficient, it will be a condition to the
receipt of such payment or the realization of such benefit that the Participant
or such other person make arrangements satisfactory to the Company for payment
of the balance of such taxes required to be withheld, which arrangements (in
the discretion of the Board) may include relinquishment of a portion of such
benefit.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">15.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>FOREIGN EMPLOYEES.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>In order
to facilitate the making of any grant or combination of grants under this Plan,
the Board may provide for such special terms for Awards to Participants who are
foreign nationals or who are employed by the Company or any Subsidiary outside
of the United States of America or who provide services to the Company under an
agreement with a foreign nation or agency, as the Board may consider necessary
or appropriate to accommodate differences in local law, tax policy or custom. Moreover,
the Board may approve such supplements to or amendments, restatements or
alternative versions of this Plan as it may consider necessary or appropriate
for such purposes, without thereby affecting the terms of this Plan as in
effect for any other purpose, and the Secretary or other appropriate officer of
the Company may certify any such document as having been approved and adopted
in the same manner as this Plan. No such special terms, supplements, amendments
or restatements, however, will include any provisions that are inconsistent
with the terms of this Plan as then in effect unless this Plan could have been
amended to eliminate such inconsistency without further approval by the
stockholders of the Company.</p>


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<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;page-break-after:avoid;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">16.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; ADM</font>INISTRATION
OF THE PLAN.</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Board or
Committee.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>This Plan will be administered by the
Board, which may from time to time delegate all or any part of its authority
under this Plan to the Compensation Committee of the Board (or a subcommittee
thereof), as constituted from time to time; provided, however, such committee
shall consist of two or more members of the Board, all of whom shall qualify as
an &#147;outside director&#148; pursuant to Section&nbsp;162(m) of the Code and a &#147;Non-Employee
Director.&#148;&#160; To the extent of any such
delegation, references in this Plan to the Board will be deemed to be
references to such committee or subcommittee. A majority of the committee (or
subcommittee) will constitute a quorum, and the action of the members of the
committee (or subcommittee) present at any meeting at which a quorum is
present, or acts unanimously approved in writing, will be the acts of the
committee (or subcommittee).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Interpretation
and Construction.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
interpretation and construction by the Board of any provision of this Plan or
of any agreement, notification or document evidencing the grant of Options,
Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance
Shares, Performance Units or Other Awards and any determination by the Board
pursuant to any provision of this Plan or of any such agreement, notification
or document will be final and conclusive. No member of the Board will be liable
for any such action or determination made in good faith.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Delegation.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board or, to the extent of any
delegation as provided in Section&nbsp;16(a), the committee, may delegate to
one or more of its members or to one or more officers of the Company, or to one
or more agents or advisors, such administrative duties or powers as it may deem
advisable, and the Board, the committee, or any person to whom duties or powers
have been delegated as aforesaid, may employ one or more persons to render
advice with respect to any responsibility the Board, the committee or such
person may have under the Plan. The Board or the committee may, by resolution,
authorize one or more officers of the Company to do one or both of the
following on the same basis as the Board or the committee: (i)&nbsp;designate
employees to be recipients of Awards under this Plan; and (b)&nbsp;determine
the size of any such Awards; <i><font style="font-style:italic;">provided</font></i>, <i><font style="font-style:italic;">however</font></i>, that (a)&nbsp;the Board or the Committee shall not
delegate such responsibilities to any such officer for Awards granted to an
employee who is an officer, Director, or more than 10% beneficial owner of any
class of the Company&#146;s equity securities that is registered pursuant to Section&nbsp;11
of the Exchange Act, as determined by the Board in accordance with Section&nbsp;16
of the Exchange Act; (b)&nbsp;the resolution providing for such authorization
sets forth the total number of Common Shares such officer(s) may grant; and (iii)&nbsp;the
officer(s) shall report periodically to the Board or the committee, as the case
may be, regarding the nature and scope of the Awards granted pursuant to the
authority delegated.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>No Other Awards.
</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The terms of the Plan govern all
Awards granted under the Plan, and in no event will the Board have the power to
grant any Award under the Plan that is contrary to any of the provisions of the
Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">17.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font>AMENDMENTS.</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Right to Amend
the Plan.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may at any time and from
time to time amend the Plan in whole or in part; <i><font style="font-style:italic;">provided</font></i>,
<i><font style="font-style:italic;">however</font></i>, that any amendment which must
be approved by the stockholders of the Company in order to comply with
applicable law or the rules&nbsp;of the NASDAQ Stock Market&#146;s National Market or, if the Common Shares are not
traded on the NASDAQ Stock Market&#146;s National Market, the principal national
securities exchange upon which the Common Shares are traded or quoted, will not
be effective unless and until such approval has been obtained.</p>


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<div>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Re-Pricing of
Options.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Board will not, without the further approval of the stockholders of the
Company, authorize the amendment of any outstanding Option to reduce the Option
Price. Furthermore, no Option will be cancelled and replaced with Awards having
a lower Option Price without further approval of the stockholders of the
Company. This Section&nbsp;17(b)&nbsp;is intended to prohibit the repricing of &#147;underwater&#148;
Options and will not be construed to prohibit the adjustments provided for in Section&nbsp;12
of this Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Amendments to
Awards.</b></font></font><font face="Times New Roman">&nbsp;&nbsp; </font>The
Board may amend the terms of any Award theretofore granted under this Plan
prospectively or retroactively, but subject to Section&nbsp;12 above, no such
amendment shall impair the rights of any holder without his or her consent.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">18.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>ACCELERATION OF VESTING UPON TERMINATION OF
EMPLOYMENT.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>In case of termination of employment
by reason of death, disability or normal or early retirement, or in the case of
an unforeseeable emergency or other special circumstances, of a Participant who
holds an Option or Appreciation Right not immediately exercisable in full, or
any shares of Restricted Stock as to which the substantial risk of forfeiture
or the prohibition or restriction on transfer has not lapsed, or any Restricted
Stock Units as to which the Restriction Period has not been completed, or any
Performance Shares or Performance Units which have not been fully earned, or
any Other Awards subject to any vesting schedule or transfer restriction, or
who holds Common Shares subject to any transfer restriction imposed pursuant to
Section&nbsp;11(b)&nbsp;of this Plan, the Board may, in its sole discretion,
accelerate the time at which such Option, Appreciation Right or Other Award may
be exercised or the time at which such substantial risk of forfeiture or
prohibition or restriction on transfer will lapse or the time when such
Restriction Period will end or the time at which such Performance Shares or
Performance Units will be deemed to have been fully earned or the time when
such transfer restriction will terminate or may waive any other limitation or
requirement under any such Award.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">19.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>GOVERNING LAW.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Plan
and all Awards, grants and actions taken thereunder shall be governed by and
construed in accordance with the internal substantive laws of the State of
Delaware.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20.</font></b><font face="Times New Roman">&nbsp;&nbsp; </font><font style="font-weight:bold;"><b>TERMINATION OF THE PLAN.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Plan
shall be effective as of the date it is approved by both the Board and the
stockholders of the Company. The Board may, in its discretion, terminate this
Plan at any time. No grant will be made under this Plan more than 10 years after
the date on which this Plan is first approved by the stockholders of the
Company, but all grants made on or prior to such date will continue in effect
thereafter subject to the terms thereof and of this Plan. Termination of this
Plan will not affect the rights of Participants or their successors under any
Awards outstanding hereunder and not exercised in full on the date of
termination.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">21.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font>PROVISIONS
APPLICABLE TO ALL AWARDS.</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Dividends and
Dividend Equivalents.</b></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; The Board
may, at or after the Date of Grant of an Award (other than Incentive Stock
Options), provide the Participant the right to receive dividends or dividend
equivalents which may be either paid on a current, deferred or contingent basis
or credited to an account for the Participant.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; With
respect to Restricted Stock, the Board may require that any or all dividends or
other distributions paid thereon during the period of time for which such
Restricted Stock is subject to substantial risk of forfeiture or other transfer
restriction be automatically deferred and reinvested in additional shares of
Restricted Stock, which may be subject to the same restrictions as the underlying
Restricted Stock.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font face="Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-weight:bold;"><b>Deferrals.</b></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Board may permit Participants to elect to defer the issuance of Common Shares
or the settlement of Awards in cash under the Plan pursuant to such rules,
procedures or programs as it may establish for purposes of this Plan. The Board
also may </p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provide that deferred issuances and settlements
include the payment or crediting of dividend equivalents or interest on the
deferral amounts.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Surrender or
Deferral of Compensation.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The Board may condition the grant of any Award
or combination of Awards authorized under this Plan on the surrender or
deferral by the Participant of his or her right to receive a cash bonus or
other compensation otherwise payable by the Company or a Subsidiary to the
Participant.</p>

<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Qualified Performance-Based
Awards.</b></font></font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160; The
provisions of the Plan are intended to ensure that all Options and Appreciation
Rights granted hereunder to any Covered Employee shall qualify for the Section&nbsp;162(m)
Exemption; provided that the Option Price or Base Price of such Award is not
less than the Market Value per Share on the Date of Grant. In addition to
Performance Shares and Performance Units, when granting any other Award, the
Board may designate such Award as a Qualified Performance-Based Award, based
upon a determination that the recipient is or may be a Covered Employee with
respect to such Award, and the Board wishes such Award to qualify for the Section&nbsp;162(m)
Exemption. If an Award is so designated, the Board shall establish Management
Objectives for such Award within the time period prescribed by Section&nbsp;162(m)
of the Code.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)&#160;&#160; Each
Qualified Performance-Based Award (other than an Option or Appreciation Right
shall be earned, vested and payable (as applicable) only upon the achievement
of the Management Objectives established by the Board, together with the
satisfaction of any other conditions as the Board may determine to be
appropriate.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)&#160;&#160; The Board
may provide, in its sole and absolute discretion, either in connection with the
grant thereof or by amendment thereafter, that achievement of the Management
Objectives will be waived upon the death or disability of the Participant, or
upon a change in control of the Company, as may be defined in the Award
Agreement. Performance periods established by the Board for any such Qualified
Performance-Based Award may not be less than one year from the Date of Grant.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)&#160;&#160; Any
payment of a Qualified Performance-Based Award granted with Management
Objectives pursuant to this Plan shall be conditioned on the written certification
of the Board in each case that the Management Objectives and any other material
conditions were satisfied.</font></p>

<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(v)&#160;&#160; Sections
3(c)(ii)&nbsp;and (iv)&nbsp;set forth the maximum number of Common Shares or
dollar value that may be granted in any one-year period to a Participant in
designated forms of Qualified Performance-Based Awards.</font></p>



<p style="margin:0pt 0pt 6.0pt 40.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(vi)&#160;&#160; Any grant
of an Award intended to qualify as a Qualified Performance-Based
Award will specify Management Objectives which, if achieved, will result in
payment or early payment of the Award, and each grant may specify in respect of
such specified Management Objectives a minimum acceptable level of achievement
and will set forth a formula for determining the number of shares or units that
will be earned if performance is at or above the minimum level, but falls short
of full achievement of the specified Management Objectives. The grant of a
Qualified Performance-Based Award will specify that,
before the Qualified Performance-Based Award will be earned and
paid, the Board must certify that the Management Objectives have been
satisfied.</font></p>



<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Forfeiture
Events.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Board may specify in an Award Agreement that the Participant&#146;s rights, payments
and benefits with respect to an Award shall be subject to reduction,
cancellation, forfeiture or recoupment upon the occurrence of certain specified
events, in addition </p>


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<p style="margin:0pt 0pt 6.0pt 20.0pt;text-indent:0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">to any otherwise applicable vesting or performance
conditions of an Award. Such events shall include, but shall not be limited to,
termination of employment for cause, violation of material Company or
Subsidiary policies, violation of ethical codes or other codes of conduct,
breach of noncompetition, confidentiality or other restrictive covenants that
may apply to the Participant, or other conduct by the Participant that is
detrimental to the business or reputation of the Company or any Subsidiary.</font></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt;text-indent:0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">22.</font></b><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font>GENERAL
PROVISIONS.</b></p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Rights to
Awards; Non Uniform Awards.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>No Participant or any eligible Participant
shall have any claim to be granted any Award under the Plan. Neither the
Company, its Subsidiaries nor the Board is obligated to treat Participants or
eligible Participants uniformly, and determinations made under the Plan may be
made by the Board selectively among eligible Participants who receive, or are
eligible to receive, Awards (whether or not such eligible Participants are
similarly situated).</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Exercises
Contrary to Law.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>No
Award under this Plan may be exercised by the holder thereof if such exercise,
and the receipt of cash or stock thereunder, would be, in the opinion of
counsel selected by the Board, contrary to law or the regulations of any duly
constituted authority having jurisdiction over this Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Right to
Employment.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>This
Plan will not confer upon any Participant any right with respect to continuance
of employment or other service with the Company or any Subsidiary, nor will it
interfere in any way with any right the Company or any Subsidiary would
otherwise have to terminate such Participant&#146;s employment or other service at
any time.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Authorized
Leaves.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>Absence
on leave approved by a duly constituted officer of the Company or any of its
Subsidiaries shall not be considered interruption or termination of service of
any employee for any purposes of this Plan or Awards granted hereunder, except
that no Awards may be granted to an employee while he or she is absent on
leave.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Rights as a
Stockholder.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>No
Participant shall have any rights as a stockholder with respect to any shares
subject to Awards granted to him or her under this Plan prior to the date as of
which he or she is actually recorded as the holder of such shares upon the
stock records of the Company.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Conflicts.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>In the
event any provision of any Award granted under the Plan shall conflict with any
term in the Plan, the term in the Plan shall control.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Headings.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
headings used in the Plan are for convenience only, do not constitute a part of
the Plan, and shall not be deemed to limit, characterize, or affect in any way
any provisions of the Plan, and all provisions of the Plan shall be construed
as if no captions had been used in the Plan.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Successors and
Assigns.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>The
Plan is binding on and will inure to the benefit of any successor to the
Company, whether by way of merger, consolidation, purchase, or otherwise.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>Severability.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>If any
provision of the Plan or any Award Agreement shall be held illegal or invalid
for any reason, such illegality or invalidity shall not affect the remaining
provisions of the Plan or Award Agreement, and the Plan and each Award
Agreement shall each be construed and enforced as if the invalid provisions had
never been set forth therein.</p>

<p style="font-family:Times New Roman;font-size:10.0pt;margin:0pt 0pt 6.0pt 20.0pt;text-indent:20.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-weight:bold;"><b>No Strict Construction.</b></font></font><b><font face="Times New Roman" style="font-weight:bold;">&nbsp;&nbsp; </font></b>No rule&nbsp;of
strict construction shall be applied against the Company or any other person in
the interpretation of any of the terms of the Plan, any Award Agreement, any
Award granted under the Plan, or any rule, regulation or procedure established by
the Board.</p>


 <p style="font-size:10.0pt;margin:24.0pt 0pt .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B-</font><font face="Times New Roman">16</font></p>
</div><br><hr size="3" width="100%" noshade color="#010101" align="center">

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<div>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TRANSACTION
SYSTEMS ARCHITECTS, INC.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANNUAL
MEETING OF STOCKHOLDERS</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Tuesday,
March 8, 2005</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10:00
a.m.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Marriott
Omaha Hotel</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10220
Regency Circle</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Omaha,
Nebraska 68114</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="66" style="border:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.75pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">TSA</font></b></p>
  </td>
  <td width="408" valign="top" style="border:none;padding:0in 0in 0in 0in;width:306.35pt;">
  <p align="left" style="margin:0in 0in .0001pt .05in;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Transaction Systems Architects, Inc.<br>
  224 South 108th Avenue, Omaha, Nebraska 68154</font></b></p>
  </td>
  <td width="246" valign="bottom" style="padding:0in 0in 0in 0in;width:184.15pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Proxy
  Card</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="66" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.75pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="408" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:306.35pt;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="246" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:184.15pt;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
</table>

<p align="left" style="margin:3.0pt 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">This proxy is solicited by the Board of Directors
for use at the Annual Meeting on March 8, 2005.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned
hereby appoints David R. Bankhead, Dennis P. Byrnes and William J. Hoelting
(collectively referred to as the &#147;Named Proxies&#148;), and each of them, with power
to appoint a substitute, to vote, in accordance with the specifications
appearing below, all shares the undersigned is entitled to vote at the Annual
Meeting of Stockholders of Transaction Systems Architects, Inc., a Delaware
corporation, to be held on Tuesday, March 8, 2005, at 10:00 a.m. CST (Omaha
time) at the Marriott Omaha Hotel, 10220 Regency Circle, Omaha, Nebraska, and
at all adjournments thereof, and, in their discretion, upon all other matters
that may properly come before the Annual Meeting or any adjournment or
adjournments thereof, and hereby revokes all former proxies. The undersigned
hereby acknowledges receipt of the Proxy Statement for the Annual Meeting.</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN THEIR
DISCRETION, THE NAMED PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS
THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT OR
ADJOURNMENTS THEREOF. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED ONLY AS
DIRECTED OR, IF NO DIRECTION IS GIVEN, WILL BE VOTED <u>FOR</u> EACH PROPOSAL.
PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED
ENVELOPE.</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">See
reverse for voting instructions</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="75%" valign="bottom" style="border:none;border-right:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:75.36%;">
  <p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24%" valign="top" style="border:solid windowtext 1.0pt;border-left:none;padding:0in .7pt 0in .7pt;width:24.64%;">
  <p align="left" style="margin:0in 0in .0001pt 4.3pt;text-align:left;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">COMPANY #<br><br></font></b></p>
  </td>
 </tr>
</table>

<p align="left" style="font-weight:bold;margin:0in 0in .0001pt;text-align:left;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">There
are three ways to vote your proxy:</font></u></b></p>

<p align="left" style="font-weight:bold;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">Your
telephone or Internet vote authorizes the Named Proxies to vote your shares in
the same manner as if you marked, signed and returned your Proxy Card.</font></b></p>

<p align="left" style="font-weight:bold;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VOTE BY
PHONE&#160; &#151;&#160;
TOLL FREE&#160; &#151;&#160; 1-800-560-1965&#160; &#151;&#160;
QUICK, EASY, IMMEDIATE</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Use any touch-tone telephone to vote
your proxy 24 hours a day, 7 days a week, until 12: 00 p.m. CST (Omaha time) on
March 7, 2005.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Please have your Proxy Card and the
last four digits of your Social Security Number or Tax Identification Number available.
Follow the simple instructions the voice provides you.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VOTE BY
INTERNET&#160; &#151;&#160; http://www.eproxy.com/tsai/&#160; &#151;&#160;
QUICK, EASY, IMMEDIATE</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Use the Internet to vote your proxy
24 hours a day, 7 days a week, until 12:00 p.m. CST (Omaha time) March 7, 2005.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Please have your Proxy Card and the
last four digits of your Social Security Number or Tax Identification Number available.
Follow the simple instructions to obtain your records and create an electronic
ballot.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VOTE BY
MAIL</font></b></p>

<p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Mark, sign and date your Proxy Card
and return it in the postage-paid envelope provided or return it to Transaction
Systems Architects, Inc., c/o Shareowner Services&#153;, P.O. Box 64873, St. Paul,
MN 55164-0873.</p>

<p align="left" style="margin:0in 0in .0001pt .25in;text-align:left;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">If you
vote by Phone or Internet, please do not mail your Proxy Card</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><img width="16" height="16" src="g12272baimage002.jpg"><i><font style="font-style:italic;">&#160;&#160; Please detach here&#160;&#160; <img width="16" height="16" src="g12272baimage004.jpg"></font></i></font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-align:justify;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="97%" style="border-collapse:collapse;width:97.98%;">
 <tr style="page-break-inside:avoid;">
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="94%" colspan="12" valign="top" style="padding:0in 0in 0in 0in;width:94.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The
  Board of Directors recommends a vote FOR all nominees for Director and FOR
  Proposals 2, 3, 4 and 5.</font></b></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="97%" colspan="13" valign="top" style="padding:0in 0in 0in 0in;width:97.12%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="97%" colspan="13" valign="top" style="padding:0in 0in 0in 0in;width:97.12%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&nbsp; ELECTION OF DIRECTORS:</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:25.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.3%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">01</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roger K.
  Alexander</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">02</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:14.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John D. Curtis</font></p>
  </td>
  <td width="18%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:18.1%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>FOR
  all nominees</p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:13.78%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>WITHHOLD</p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:25.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.3%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">03</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gregory D.
  Derkacht</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">04</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:14.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jim D. Kever</font></p>
  </td>
  <td width="18%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:18.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(except
  as </font></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:13.78%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;all
  nominees</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:25.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.3%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:14.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="18%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:18.1%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;noted
  below)</font></p>
  </td>
  <td width="13%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:13.78%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="25%" colspan="3" valign="top" style="padding:0in 0in 0in 0in;width:25.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.3%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">05</font></p>
  </td>
  <td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Harlan F. Seymour</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.56%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">06</font></p>
  </td>
  <td width="14%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:14.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John E. Stokely</font></p>
  </td>
  <td width="31%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:31.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="6" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:62.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(To
  withhold authority to vote for any indicated nominee(s), write the <br>
  number(s) to the left of the nominee(s) in the box provided to the right)</font></b></p>
  </td>
  <td width="31%" colspan="5" valign="top" style="border:solid windowtext 1.0pt;border-left:none;padding:0in 0in 0in 0in;width:31.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="62%" colspan="6" valign="top" style="padding:0in 0in 0in 0in;width:62.5%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="31%" colspan="5" valign="top" style="border:none;padding:0in 0in 0in 0in;width:31.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="14" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&nbsp; AMENDMENT OF THE COMPANY&#146;S CERTIFICATE OF
  INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED SHARES OF THE COMPANY&#146;S
  COMMON STOCK FROM 50,000,000 TO 70,000,000 SHARES AND OTHERWISE TO SIMPLIFY
  THE CAPITALIZATION OF THE COMPANY.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>FOR</p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>AGAINST</p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>ABSTAIN</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="14" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&nbsp; AMENDMENT OF THE COMPANY&#146;S CERTIFICATE OF INCORPORATION
  TO MODERNIZE THE CERTIFICATE OF INCORPORATION AND TO PROVIDE FOR CERTAIN
  OTHER CLARIFYING AMENDMENTS.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>FOR</p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>AGAINST</p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>ABSTAIN</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="14" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&nbsp; ADOPTION OF THE 2005 EQUITY AND PERFORMANCE
  INCENTIVE PLAN.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>FOR</p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>AGAINST</p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>ABSTAIN</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="14" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.&nbsp; RATIFICATION OF THE APPOINTMENT OF KPMG LLP
  AS INDEPENDENT AUDITORS OF THE COMPANY.</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>FOR</p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>AGAINST</p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Wingdings" style="font-size:10.0pt;font-weight:bold;">o</font>&nbsp;&nbsp;</b>ABSTAIN</p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="100%" colspan="14" valign="top" style="padding:0in 0in 0in 0in;width:100.0%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">In
  their discretion, the Named Proxies are authorized to vote on such other
  business as may properly come before the Annual Meeting, including on the
  election of any substitute director nominee.</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="2%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:2.74%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="65%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:65.84%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="7%" valign="top" style="padding:0in 0in 0in 0in;width:7.48%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="11%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:11.9%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="12%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:12.04%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="font-size:10.0pt;margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address Change?&nbsp; If so, mark box&nbsp; </font><font face="Wingdings">o</font>&nbsp; and indicate changes below:</p>
  </td>
  <td width="36%" colspan="6" valign="top" style="padding:0in 0in 0in 0in;width:36.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:
  _______________________, 2005</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" colspan="6" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="36%" colspan="6" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="36%" colspan="6" valign="top" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 0in 0in 0in;width:36.54%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:2.88%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="39%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:39.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="39%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:39.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(If there are
  co-owners both must sign)</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="39%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:39.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr style="page-break-inside:avoid;">
  <td width="60%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:60.58%;">
  <p align="left" style="margin:0in 0in .0001pt 17.3pt;text-align:left;text-indent:-10.1pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="39%" colspan="7" valign="top" style="padding:0in 0in 0in 0in;width:39.42%;">
  <p align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Please sign
  exactly as your name(s) appear on the Proxy Card. If held in joint tenancy,
  all persons must sign. Trustees, administrators, etc. should include title
  and authority. Corporations should use full name of corporation and title of
  authorized officer signing the Proxy Card.</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="19" style="border:none;"></td>
  <td width="1" style="border:none;"></td>
  <td width="166" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="136" style="border:none;"></td>
  <td width="26" style="border:none;"></td>
  <td width="72" style="border:none;"></td>
  <td width="34" style="border:none;"></td>
  <td width="24" style="border:none;"></td>
  <td width="55" style="border:none;"></td>
  <td width="53" style="border:none;"></td>
  <td width="34" style="border:none;"></td>
  <td width="67" style="border:none;"></td>
  <td width="21" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="left" style="margin:0in 0in .0001pt;text-align:left;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\pbalakr\05-1227-2\task282982\1227-2-ba.htm',USER='pbalakrishnan',CD='Jan 26 23:47 2005' -->


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`
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