<SEC-DOCUMENT>0000784199-16-000317.txt : 20161122
<SEC-HEADER>0000784199-16-000317.hdr.sgml : 20161122
<ACCEPTANCE-DATETIME>20161122172122
ACCESSION NUMBER:		0000784199-16-000317
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20161122
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20161122
DATE AS OF CHANGE:		20161122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRYOLIFE INC
		CENTRAL INDEX KEY:			0000784199
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				592417093
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13165
		FILM NUMBER:		162014118

	BUSINESS ADDRESS:	
		STREET 1:		1655 ROBERTS BOULEVARD N W
		CITY:			KENNESAW
		STATE:			GA
		ZIP:			30144
		BUSINESS PHONE:		7704193355

	MAIL ADDRESS:	
		STREET 1:		1655 ROBERTS BOULEVARD N W
		CITY:			KENNESAW
		STATE:			GA
		ZIP:			30144
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c199-20161122x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			8K COC Agmts  11-22-16
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			<a name="_DV_M1"></a><font style="display: inline;font-weight:bold;font-size:14pt;">SECURITIES AND EXCHANGE COMMISSION</font><br /><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">W</font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">ashington, </font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">D</font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">.</font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">C</font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">. &nbsp;</font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;font-size:13pt;">20549</font><br /><font style="display: inline;font-weight:bold;">&nbsp;</font>
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						<font style="display: inline;font-weight:bold;font-size:14pt;">FORM 8-K</font></p>
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			<font style="display: inline;font-weight:bold;">CURRENT REPORT</font><br /><font style="display: inline;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE</font>
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			<a name="_DV_M3"></a><font style="display: inline;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font><br /><font style="display: inline;font-weight:bold;"></font>
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			<a name="_DV_M4"></a><font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report (Date of earliest event reported):&nbsp; </font><font style="display: inline;">November 21</font><font style="display: inline;">, 201</font><font style="display: inline;">6</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font>
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			<a name="_DV_M5"></a><font style="display: inline;font-weight:bold;">_______________________</font><br /><font style="display: inline;font-weight:bold;"></font>
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			<a name="_DV_M6"></a><font style="display: inline;font-weight:bold;font-size:18pt;">CRYOLIFE, INC.</font>
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			<a name="_DV_M7"></a><font style="display: inline;font-size:10pt;">(Exact name of registrant as specified in its charter)</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">_________________________</font>
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						<font style="display: inline;font-weight:bold;font-size:11pt;">1-13165</font></p>
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						<font style="display: inline;font-weight:bold;font-size:11pt;">59-2417093</font></p>
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						<font style="display: inline;font-size:9pt;">(State or Other Jurisdiction</font><br /><font style="display: inline;font-size:9pt;">of Incorporation)</font></p>
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						<font style="display: inline;font-size:9pt;">(Commission File Number)</font></p>
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						<font style="display: inline;font-size:9pt;">Identification No.)</font></p>
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			<a name="_DV_M8"></a><font style="display: inline;font-weight:bold;">1655 </font><font style="display: inline;font-weight:bold;">Roberts Boulevard, N.W.</font><font style="display: inline;font-weight:bold;">, &nbsp;</font><font style="display: inline;font-weight:bold;">Kennesaw</font><font style="display: inline;font-weight:bold;">, &nbsp;</font><font style="display: inline;font-weight:bold;">Georgia</font><font style="display: inline;font-weight:bold;"> &nbsp;30144</font><br /><font style="display: inline;"></font><font style="display: inline;font-size:9pt;">(Address of principal executive office) (zip code)</font><br /><font style="display: inline;font-size:9pt;"></font>
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			<a name="_DV_M9"></a><font style="display: inline;font-weight:bold;font-size:11pt;">Registrant's telephone number, including area code: (770) 419-3355</font><br /><font style="display: inline;font-weight:bold;font-size:11pt;"></font>
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			<a name="_DV_M10"></a><font style="display: inline;font-size:9pt;">_____________________________________________________________</font>
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			<a name="_DV_M11"></a><font style="display: inline;font-size:9pt;">(Former name or former address, if changed since last report)</font><br /><font style="display: inline;font-size:9pt;"></font>
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			<a name="_DV_M12"></a><font style="display: inline;font-weight:bold;font-size:10pt;">_________________________</font>
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			<a name="_DV_M13"></a><font style="display: inline;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
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			<font style="display: inline;">&#x2610;</font><a name="_DV_M14"></a><font style="display: inline;font-family:Wingdings;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 18pt 0pt 0pt;"></font><font style="display: inline;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<a name="_DV_M15"></a><font style="display: inline;">&#x2610;</font><font style="display: inline;font-family:Wingdings;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 18pt 0pt 0pt;"></font><font style="display: inline;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<a name="_DV_M16"></a><font style="display: inline;">&#x2610;</font><font style="display: inline;font-family:Wingdings;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 18pt 0pt 0pt;"></font><font style="display: inline;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display: inline;">&#x2610;</font><a name="_DV_M17"></a><font style="display: inline;font-family:Wingdings;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 18pt 0pt 0pt;"></font><font style="display: inline;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
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						<font style="display: inline;">&#xFEFF;</font><a name="_DV_M18"></a><font style="display: inline;font-weight:bold;">Section 5</font></p>
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						<font style="display: inline;font-weight:bold;">Item 5.02</font></p>
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						<font style="display: inline;font-weight:bold;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></p>
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			<a name="_DV_M19"></a><a name="_DV_M20"></a><font style="display: inline;color:#000000;">On October 25, 2016, the Board of Directors (the &#x201C;Board&#x201D;) of CryoLife, Inc. a Florida corporation (NYSE: CRY) (the &#x201C;Company&#x201D;) adopted a new form of change of control agreements, that have a one-year annual renewal term; utilize a double trigger requiring a change of control event and an employment action; provides a change of control severance payment of salary and cash bonus with a 2 times annual multiplier for the CFO, a 1.5 times annual multiplier for Senior Vice Presidents, and a 1 times annual multiplier for Vice Presidents; and, also as part of the change of control severance payment, provides for a period of health care coverage after separation.&nbsp;&nbsp;On </font><font style="display: inline;color:#000000;">November 21</font><font style="display: inline;color:#000000;">,</font><font style="display: inline;color:#000000;"> 2016 our named executive officers executed those new form change of control agreements.&nbsp;&nbsp;The foregoing summary of the terms of the Change of Control Agreements is qualified in its entirety by reference to the complete text of those Agreements with our named executive officers, copie</font><font style="display: inline;color:#000000;">s of which are filed as Exhibits 10.1-10.4</font><font style="display: inline;color:#000000;"> to this Current Report on Form 8-K and incorporated herein by reference. We note that Mr. Mackin has a separate change of control agreement in his employment agreement which will not be replaced.</font>
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			<font style="display: inline;font-weight:bold;">SIGNATURES</font>
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			<font style="display: inline;">Pursuant to the requirements of the Securities Exchange Act of 1934, CryoLife, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
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						<font style="display: inline;">CRYOLIFE, INC.</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">Date:&nbsp;&nbsp;November 22, 2016</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">/s/ J. Patrick Mackin</font></p>
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						<font style="display: inline;">Name:</font></p>
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						<font style="display: inline;">J. Patrick Mackin</font></p>
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						<font style="display: inline;">Chairman, President and CEO</font></p>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c199-20161122xex10_1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.3.0.196-->
<!--Created on: 11/22/2016 5:18:39 PM-->
<html>
	<head>
		<title>
			8K COC Agmts Exh Capps 11-22-16
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	<body><div style="margin-left:45pt;margin-right:63pt;"><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

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		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 10pt">

			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Exhibit 10.1</font>

		</p>

</div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;text-transform:uppercase;font-size:11pt;">CRYOLIFE, INC.</font>
		</p>
		<p style="margin:12pt 0pt 0pt;border-top:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">Change of Control Severance Agreement</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">This </font><font style="display: inline;font-family:Times New Roman;">Change of Control Severance Agreement</font><font style="display: inline;font-family:Times New Roman;"> (this &#x201C;Agreement&#x201D;) dated as of the </font><font style="display: inline;font-family:Times New Roman;">21</font><font style="display: inline;font-family:Times New Roman;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">day of </font><font style="display: inline;font-family:Times New Roman;">November</font><font style="display: inline;font-family:Times New Roman;">, 20</font><font style="display: inline;font-family:Times New Roman;">16</font><font style="display: inline;font-family:Times New Roman;"> is </font><font style="display: inline;font-family:Times New Roman;">made and entered into </font><font style="display: inline;font-family:Times New Roman;">by and between </font><font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font><font style="display: inline;font-family:Times New Roman;">, a Florida corporation (&#x201C;CryoLife&#x201D; or the &#x201C;Company&#x201D;) and</font><font style="display: inline;font-family:Times New Roman;"> Scott B. Capps</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x201D;).</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">RECITALS</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control.&nbsp;&nbsp;T</font><font style="display: inline;font-family:Times New Roman;">he Board of Directors of the Company</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;Board&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">, upon the recommendation of </font><font style="display: inline;font-family:Times New Roman;">its </font><font style="display: inline;font-family:Times New Roman;">Compensation Committee, has determined that it is in the best interests of the Company and its shareholders to enter into this Change of Control Agreement in order to assure that the Company will have the continued dedication of </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the Company</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">2. The Board believes that it is in the best interests of the Company and its stockholders to provide Executive with an incentive to continue Executive&#x2019;s employment and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of the stockholders.</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">3. The Board believes it is imperative to provide Executive with certain severance</font><font style="display: inline;font-family:Times New Roman;"> benefits upon Executive&#x2019;s termination of employment both prior to and following a Change in Control.&nbsp;&nbsp;These benefits will provide Executive with enhanced financi</font><font style="display: inline;font-family:Times New Roman;">al security and incentive and e</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">ouragement to remain with the Company notwithstanding the possibility of a Change in Control. </font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">4.&nbsp;&nbsp;Certain capitalized terms used in the Agreement are as defined below. </font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">AGREEMENT</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">NOW, THEREFORE, in consideration of the</font><font style="display: inline;font-family:Times New Roman;"> mutual covenants contained herein, the parties hereto agree as follows:&nbsp; </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">1. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">CERTAIN DEFINITIONS.</font></font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Effective Date</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the first date during the Change of Control Period (as defined herein) on which a Change of Control occurs.&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, if the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s employment with the Company is Terminated by the Company without Cause or by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason (as such terms are defined herein) within the six (6) month period prior to the date on which the Change of Control occurs and if such Change of Control is consummated (such a Termination of employment, an &#x201C;Anticipatory Termination&#x201D;), then for all purposes of this Agreement the &#x201C;Effective Date&#x201D; means the date immediately prior to the date of such Termination of employment.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control Period</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; means the period commencing on the date hereof and ending on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, commencing on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and each </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary of such date (such date and each such </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary thereof, the &#x201C;Renewal Date&#x201D;) unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) year from such Renewal Date, unless, at least thirty (30) days prior to the next Renewal Date, the Company shall give notice to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that the Change of Control Period shall not be so extended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Affiliated Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">means any company controlled by, controlling or under common control with the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a change in the ownership or effective control of, or in the ownership of a substantial portion of the assets of, the Company, as described in paragraphs (i) through (iii) below.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Ownership of the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of the Company shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires ownership of the Company stock that, together with the Company stock held by s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">uch </font><font style="display: inline;font-family:Times New Roman;color:#000000;">person or group, constitutes more than 50% of the total voting power of the stock of the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, is considered to own more than 50% of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">total voting power of the stock of the Company, the acquisition of additional the Company stock by such person or persons shall not be considered to cause a change in the ownership of the Company&nbsp;&nbsp;or to cause a change in the effective control of the Company (within the meaning of paragraph (ii) below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An increase in the percentage of the Company stock owned by any one person, or persons acting as a group (within </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">meaning of paragraph (iv)), as a result of a transaction in which the Company acquires its stock in exchange for property, sha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ll </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be treated as an acquisition of stock for purposes of this paragraph (i).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except as provided in (B) above, the provisions of this paragraph (i) shall apply only to the transfer or issuance of the Company stock if such stock remains outstanding after such transfer or issuance.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Effective Control of the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in the effective control of the Company shall occur on the date that either of (1) or (2) below occurs:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company possessing 30% or more of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the total voting power of the stock of the Company (the provisions of Sections l(d)(i) (B) and (C) above shall apply equally to this Section l(d)(ii)(A)(l); or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A maj</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ori</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty of the members of the Company Board of Directors are replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the Board of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Directors prior to the date of the appointment or election.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in effective con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol of the Company also may occur with respect to any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ansaction in which either of the Company or the other entity involved in a transaction described in paragraph (iii) experiences a Change of Control event described in paragraphs (i) or (iii).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), is considered to effectively control the Company (within the meaning of this paragraph (ii)), the acquisition of additional control of the Company by the same person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or persons shall not be considered to cause a change in the effective control of the Company (or to cause a change in the ownership of the Company within the meaning of paragraph (i)).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 3pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;"> in </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Ownership of a Substantial Portion of </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">e &nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Com</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">p</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">an</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Assets</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of a substantial portion of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s assets shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">2</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">acquisition by such person or persons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> assets from the Company that have a total gross fair market value (within the meaning of paragraph (iii)(B)) equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A transfer of the Company's assets shall not be treated as a change in the ownership of such assets if the assets are transferred to one or more of the following:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A shareholder of the Company (i</font><font style="display: inline;font-family:Times New Roman;color:#000000;">mmediately </font><font style="display: inline;font-family:Times New Roman;color:#000000;">before the asset transfer) in exchange for or with respect to Company stock;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (3)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A person, or more than one person acting as a group (within the meaning of paragraph (iv)) that owns, directly or indirectly, 50% or more of the total value or voting power of all of the outstanding stock of the Company; or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (4)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii)(A)(3).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii)(A), and except as otherwise provided herein, a person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s status is determined immediately after the transfer of assets.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii), gross fair market value means the value of all the Company assets, or the value of the assets being </font><font style="display: inline;font-family:Times New Roman;color:#000000;">disposed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of, determined without regard to any liabilities ass</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ociated</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with such assets.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 4pt 0pt 0pt;"> (iv)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this Section 1(d), persons shall be considered to be acting as a group if they are owners of an entity that enters into a merger, consolidation, purchase, or acquisition of assets, or similar business transaction with the Company.&nbsp;&nbsp;If a person, including an entity shareholder, owns stock in the Company and another entity with which the Company enters into a merger, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">consolidation, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">purcha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">se, or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">acquis</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of stock, or similar</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">busine</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ss </font><font style="display: inline;font-family:Times New Roman;color:#000000;">transaction, such shareholder shall be considered to be acting as a group with the other shareholders in a corporation only to the extent of the ownership&nbsp;&nbsp;in that corporation prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.&nbsp;&nbsp;Persons shall not be considered to be acting as a group solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s stock.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 6pt 0pt 0pt;"> (v)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Under no circumstances shall the reincorporation of the Company in a different state, or any action or inaction taken in furtherance thereof, constitute a Change of Control under this Agreement, including but not limited to efforts to end incorporation in the current state of incorporation or alterations to equity that facilitate such a</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Terminate</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">2. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company acknowledge that the employment of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> by the Company is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">at will,</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall have no rights under this Agreement unless </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is Terminated by the Company without Cause or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with Good Reason during the period commencing on the Effective Date and ending on the second </font><font style="display: inline;font-family:Times New Roman;color:#000000;">first </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anniversary of such date.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">3</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">3. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMS OF AT WILL EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The terms of Executive&#x2019;s at will employment, as recorded in the Employee Proprietary Information Agreement executed by the Executive and </font><font style="display: inline;font-family:Times New Roman;">the Company</font><font style="display: inline;font-family:Times New Roman;">, are incorporated herein.</font><font style="display: inline;font-family:Times New Roman;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">4. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMINATION OF EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">For purposes of this Agreement, &#x201C;Cause&#x201D; shall mean:&nbsp; </font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(i) </font><font style="display: inline;font-family:Times New Roman;">an</font><font style="display: inline;font-family:Times New Roman;"> act of fraud, embezzlement, theft or any other material violation of law that occurs during or in the course of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s employment with the Company;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(ii) </font><font style="display: inline;font-family:Times New Roman;">intentional</font><font style="display: inline;font-family:Times New Roman;"> or grossly negligent</font><font style="display: inline;font-family:Times New Roman;"> damage by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assets;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iii) </font><font style="display: inline;font-family:Times New Roman;">intentional </font><font style="display: inline;font-family:Times New Roman;">or grossly negligent </font><font style="display: inline;font-family:Times New Roman;">disclosure by </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of the Compan</font><font style="display: inline;font-family:Times New Roman;">y&#x2019;s </font><font style="display: inline;font-family:Times New Roman;">confidential info</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ation contrary to the Company policies;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iv) </font><font style="display: inline;font-family:Times New Roman;">material breach of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">'s obligations under </font><font style="display: inline;font-family:Times New Roman;">th</font><font style="display: inline;font-family:Times New Roman;">is Agreement</font><font style="display: inline;font-family:Times New Roman;"> or any other Agreement with the Company</font><font style="display: inline;font-family:Times New Roman;">;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(v) </font><font style="display: inline;font-family:Times New Roman;">engagement </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">in any activity w</font><font style="display: inline;font-family:Times New Roman;">hich </font><font style="display: inline;font-family:Times New Roman;">would constitute a breach of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s duty of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">loyalty or of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assigned duties;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(vi) breach by </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of any of the company&#x2019;s policies and procedures;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(vii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">the willful and continued failure by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to perform the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;"> assigned duties (other than as a result of incapacity due to physical or mental illness); or</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(viii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">willful conduct </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> that is </font><font style="display: inline;font-family:Times New Roman;">demonstrably </font><font style="display: inline;font-family:Times New Roman;">and materially injurious to the Company, monetarily or otherwise.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Good Reason</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;For purposes of this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Good Reason</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean the as</font><font style="display: inline;font-family:Times New Roman;color:#000000;">signment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, without the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> consent, of any duties materially inconsistent with the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> position (including changes in status, offices, or titles and any change in the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s reporting requirements that would cause </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to report to an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> who is junior in seniority to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">employee </font><font style="display: inline;font-family:Times New Roman;color:#000000;">to whom </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> reports), authority, duties or responsibilities, determined as of the later of the date of this Agreement or the date of any modification to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s pos</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (including status, offices, titles and reporting requirements, as described above), authority, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">duties </font><font style="display: inline;font-family:Times New Roman;color:#000000;">or responsibilities that is agreed to by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, or any other action by the Company that results in a material </font><font style="display: inline;font-family:Times New Roman;color:#000000;">diminution</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in such position, authority, duties, responsibilities or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> aggregate compensation, excluding for this purpose an isolated, insubstantial and inadver</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ent action taken in good faith and which is remedied by the Company within thirty (30) days after receipt of notice thereof given by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (each of these an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for purposes of this Section 4(b)).&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> must notify the Company of any Event that constitutes Good Reason within ninety (90) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s knowledge of the existence of such Event or such Event shall not constitute Good Reason under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Notice of Termination</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Any Termination by the Company for Cause, or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason, shall be communicated by Notice of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Term</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination to the other pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty hereto given in accordance with Section 11(b) of this Agreement.&nbsp;&nbsp;For purposes of this Agreement, a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Notice of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a written notice which (i) indicates the specific te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s employment </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under the provision so indicated and (iii) specifies the termination date (w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ich date shall not be more than thirty (30) days after the giving of such notice; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">if </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inating for Good Reason such date shall not be less than thirty (30) nor more than forty-five (45) days after giving of such notice). The failure by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, hereunder or preclude the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, from asserting such fact or circumstance in enforcing the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Compan</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> rights hereunder.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Date of Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the date of receipt of the Notice of Termination, or any later date specified therein, as the case may be. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall take all steps necessary (including with regard to any post-Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination services by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to ensure that any Termination described in this Section 4 constitutes a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Code, and notwithstanding </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anything</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> contained herein to the contrary, the date on which the separation from service takes place shall be the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:40pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">(e) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:7pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Covenants Necessary to the </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">s Business</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The covenants recorded in the Employee Proprietary Information Agreement executed by the Executive and the Company are incorporated herein, including but not limited to the covenant not to compete, the covenant regarding customer solicitation and interference, and the covenant regard</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing solicitation of employees.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Officer covenants and agrees that the payment of any Severance Payment (as def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed </font><font style="display: inline;font-family:Times New Roman;color:#000000;">in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 5(e)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> below</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) shall be subject to and expressly conditioned upon Office</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> compliance with the covenants set forth in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Employee Propri</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tary Information Agreement, which have been incorporated herein</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Should Officer fail to comply with these covenants, the Company shall not be required to make the Severance Payment (or any portion of the Severance Payment that remains unpaid), and the Officer shall be required to repay any portion of the Severance Payment that the Officer has already received from the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">5. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">OBLIGATIONS OF THE COMPANY UPON TERMINATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> employment without Cause, or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inate employment for Good Reason, then the Company shall pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Severance Payment (defined below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be an amount equal to one (1) times the aggregate of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s base salary as of the Date of Termination and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation for the year in which the Termination of employment occurs.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus </font><font style="display: inline;font-family:Times New Roman;color:#000000;">compensation for purposes of this Section 5(b), if the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs before the awarding of bonuses for the year in which the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs, the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation component of the Severance Payment shall be computed based on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s most recent awarded </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Cash b</font><font style="display: inline;font-family:Times New Roman;color:#000000;">onus compensation shall include </font><font style="display: inline;font-family:Times New Roman;color:#000000;">only</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Annual Bonus paid in cash and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">shall specifically exclude </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the value of any non-cash bonuses, such as options or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">restricted </font><font style="display: inline;font-family:Times New Roman;color:#000000;">stock.&nbsp;&nbsp;For the sake of cla</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ification, all cash paid in payment of all or a portion of the bonus pursuant to the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s 2007 Executive Incentive Plan or any successor thereto shall be bonus compensation for purposes of this Agreement for the year in which paid or issued. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Severance Payment shall be payable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except for the group health plan benefits payments or as otherwise provided herein, t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he Severance Payment, if any is due hereunder, shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s Date of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, unless the Termination is an Anticipatory Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 5pt 0pt 0pt;"> (ii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In the event of an Anticipatory Termination, the Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, except for the group health plan benefits payments,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following the date of the Change of Control.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">5</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:2.65000000000001pt;"><font style="display: inline;font-family:Times New Roman;">(iii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">Notwithstandin</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;"> the </font><font style="display: inline;font-family:Times New Roman;">foregoing, if </font><font style="display: inline;font-family:Times New Roman;">any </font><font style="display: inline;font-family:Times New Roman;">amount </font><font style="display: inline;font-family:Times New Roman;">paid </font><font style="display: inline;font-family:Times New Roman;">pursuant to this Section 5(b) </font><font style="display: inline;font-family:Times New Roman;">is defe</font><font style="display: inline;font-family:Times New Roman;">rr</font><font style="display: inline;font-family:Times New Roman;">ed compensation within the meaning of Section 409A of the Code and as of the Date of Te</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">mination </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> is a Specified Employee, amounts that would otherwise be payable during the six-month period </font><font style="display: inline;font-family:Times New Roman;">im</font><font style="display: inline;font-family:Times New Roman;">mediately following the </font><font style="display: inline;font-family:Times New Roman;">Date </font><font style="display: inline;font-family:Times New Roman;">of Te</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ination shall instead be paid, with interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code, on the first business day after the date that is six months following </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">separation from service</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> within the meaning of Section 409A of the Code (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Delayed Payment Date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;As used in this Agreement, the term </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> as de</font><font style="display: inline;font-family:Times New Roman;">fin</font><font style="display: inline;font-family:Times New Roman;">ed in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Code</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;By way of clarification, </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">key employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> (as defined in Section 416(i) of the Code, disregarding Section</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">416(i)(5) of the Code) of the Company.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> shall be treated as a key employee if the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> meets the requirement of Section 416(i)(l)(A)(i), (ii), or (iii) at any time d</font><font style="display: inline;font-family:Times New Roman;">ur</font><font style="display: inline;font-family:Times New Roman;">ing the twelve (12) month period ending on an </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;For purposes of any </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> determination hereunder, the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> shall mean the last day of each calendar year.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Medical Coverage.&nbsp;&nbsp;In addition, group health plan coverage for the Executive and covered dependents, with the same contribution by the Executive, will be provided as part of the Severance Payment for the lesser of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">twelve (12) months </font><font style="display: inline;font-family:Times New Roman;color:#000000;">following the Date of Termination or until the Executive is provided comparable benefits by another employer.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Separation Agreement and Release of Claims.&nbsp;&nbsp;The receipt of any Severance Payment pursuant to this Agreement will be subject to the Executive signing and not revoking a separation agreement and release of claims in a form provided by the Company (the &#x201C;Release&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, which may include restatements of covenants contained in the Employee Proprietary Information Agreement among others,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the &#x201C;Release Deadline&#x201D;). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance under this Agreement.&nbsp;&nbsp;In no event will </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be paid or provided until the Release becomes effective and irrevocable.&nbsp;&nbsp;Except as required by Section 5(b)(iii), any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that would have been made to Executive prior to the Release becoming effectiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and irrevocable but for the preceding sentence will be paid to Executive on the first regularly scheduled Company payroll date following the date the Release becomes effective and irrevocable, and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> remaining payments will be made as provided in the Agreement.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">6. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">FULL SETTLEMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In no event shall the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under any of the provisions of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement and such amounts shall not be reduced whether or not the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> obtains other employment. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company agrees to pay, to the full extent pe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itted&nbsp;&nbsp;by law, all legal fees and expenses which the may reasonably incur as a result of any contest by the Company or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with respect to liability under or the interpretation of the validity or enforceability of, any provision of this Agreement, but only in the event and to the extent that (i) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> receives a final, non-appealable judgment&nbsp;&nbsp;in his favor in any such action or receives a final judgment in his favor that has not been appealed by the Company within thirty (30) days of the date of the judgment; or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">part</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ies agree to dismiss any such</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">action upon the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s payment of the sums allegedly due the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ance of the covenants by the Company allegedly breached by it.</font>
		</p>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">7. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">PAYMENT CUT-BACK.</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Notwithstanding anything to the contrary contained herein, the Company will not pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> any excise tax gross up pursuant to this Agreement or any other agreement between </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company.&nbsp;&nbsp;Further notwithstanding anything to the contrary contained herein, the Company shall reduce any payment contingent on a Change of Control pursuant to any plan, agreement, or arrangement of the Company that would be considered in determinin</font><font style="display: inline;font-family:Times New Roman;color:#000000;">g &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">whether a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (as defined in Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) &nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">6</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Code), has occurred (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Change of Control Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to 2.99 times Employe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> average compensation, as indicated on such Empl</font><font style="display: inline;font-family:Times New Roman;color:#000000;">oyee&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Form</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> W-2, for the five (5) years ending immediately prior to the year containing the date of the Change of Control (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Safe Harbor Amount</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) if, and only if, reducing the Change of Control Severance Payment would provide </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with a greater net after-tax Change of Control Severance Payment than would be the case if no such reduction took place.&nbsp;&nbsp;The Safe Harbor Amount, as defined herein, is an amount expressed in present value which maximizes the aggregate present value of the Change of Control Severance Payment without causing the Change of Control Severance Payment to be subject to the excise tax under Section 4999 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">and related Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) of the Code (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Excise Tax</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">), determined in accordance with Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(d)(4).&nbsp;&nbsp;Any reduction in the Change of Control Severance Payment shall be implemented in accordance with Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(i)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">Any reduction in payments pursuant to Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) shall apply so as to minimize the amount of compensation that is reduced (i.e., it applies to payments that to the greatest extent </font><font style="display: inline;font-family:Times New Roman;color:#000000;">represent parachute payments),</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">no reduction shall be applied to an amount that constitutes a defe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">al of compensation under Section 409A except for amounts that have become payable at </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">time of the reduction and as to which the reduction will not result in a non-reduction in a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">corr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">esponding amount that is a deferral of compensation under Section 409A that is not currently payable.</font></font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:5pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining whether the Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Payment will be subject to the Excise Tax and the amount of such Excise Tax:</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(A</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance Payment shall be treated as a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(2), and if it is an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">excess parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(l), it shall be treated as subject to the Excise Tax, unless, and except to the exte</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, in the written opinion of independent compensation consultants, counsel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or auditors of nationall</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">recognized standing (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;Independent </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Advisors</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) sel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ected </font><font style="display: inline;font-family:Times New Roman;color:#000000;">by the Company and reasonably acceptable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, the Change of Control Severance Payment (in whole or in pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) does not constitute a parachute payment, or such excess parachute payment (in whole or in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">par</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) represents reasonable compensation for services actually rendered within the mea</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing of Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b)(4) in excess of the base amount within the meaning of Section 280G(b)(3) or are otherwise not subject to the Excise Tax.</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:14pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(B)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">The value of any non-cash benefits or any defer</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed payment or benefit shall be determined by the Independent Advisors in accordance with the principles of Sections</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G(d)(3) and (4).</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:76pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining reductions in compensation pursuant to this Section 7(b), if any, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> will be deemed (A) to pay federal income taxes at the applicable rates of federal income taxation for the calendar year in whic</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the compensation would be payable; and (B) to pay any applicable state and local income taxes at the applicable rates of taxation for the calendar year in which the compensation would be payable, taking into account any effect on federal income taxes from payment of state and local income taxes.&nbsp;&nbsp;Compensation will be adjusted not later than the applicable deadline under Section 409A to provide for accurate payments under the cut-back provision of this Section 7(b), but after any such deadline no further adjustment will be made if it would result in a tax penalty under Section 409A.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Furthermore, notwithstanding anything in this Agreement to the contrary, aggregate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payments, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation </font><font style="display: inline;font-family:Times New Roman;color:#000000;">payments </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and/or similar payments made to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> pursuant to this Agreement and otherwise shall be limited to the equivalent of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> salary paid during the three (3) completed fiscal years ended prior to the Date of Termination, including </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonuses and guaranteed benefits paid during those years.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">CONFIDENTIAL INFORMATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company will also be parties to one or more separate agreements respecting confidential information, trade secrets, inventions and non-competition</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, including but not limited to the Employee </font>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">7</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">Proprietary Information Agreement,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">(collectively, </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">IP Agreements</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">). </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">The pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">t</font><font style="display: inline;font-family:Times New Roman;">ies </font><font style="display: inline;font-family:Times New Roman;">agree that the IP Agreements shall not be superseded or </font><font style="display: inline;font-family:Times New Roman;">term</font><font style="display: inline;font-family:Times New Roman;">inated by this Agreement and s</font><font style="display: inline;font-family:Times New Roman;">hall </font><font style="display: inline;font-family:Times New Roman;">survive any termination of this Agreement; provided, however, that to the extent that there is any conflict or overlap between the provisions of this Agreement and any of the IP Agreements, those provisions that provide the Company with the greatest rights and protections shall control.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">9. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">SUCCESSORS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is personal to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and without the prior w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itten consent of the Company shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be assignable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> otherwise than by will or the laws of descent and distribution. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be enforceable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same </font><font style="display: inline;font-family:Times New Roman;color:#000000;">mann</font><font style="display: inline;font-family:Times New Roman;color:#000000;">er and to the same extent that the Company would be required to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> it if no such succession had taken place.&nbsp;&nbsp;As used in this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean CryoLife as hereinbefore def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed and any successor to its business and/or assets as aforesaid which assumes and agrees to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> this Agreement by operation of law, or otherwise.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">10. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">COMPLIANCE WITH SECTION 409A.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is intended to comply with, or otherwise be exempt from, Section</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">409A of the Code and any regulations and Treasury guidance promulgated thereunder.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> agree that they will execute any and all amendments to this Agreement as they mutually agree in good faith may be necessary to ensure compliance with Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company makes no representation or warranty as to the tax effect of any of the preceding provisions, and the provisions of this Agreement shall not be cons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ued as a guarantee by the Company of any particular tax effect to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.&nbsp;&nbsp;The Company shall not be liable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or any other person for any payment made under this Agreement which is determined to result in the imposition of an excise tax, penalty or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">11. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">MISCELLANEOUS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall be governed by and construed in accordance with the laws </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the State of Georgia, without reference to principles of conflict of laws.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Both the Executive and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company expressly consent to the exclusive venue of and personal jurisdiction within the state and federal courts located in Georgia for any lawsuit arising from or related to this Agreement</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The captions of t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement are not part of the provisions hereof and shall have no force and effect. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">All notices and other communications hereunder shall be in writing and shall be given by hand delivery (which shall include delivery via Federal Express or UPS) to the other p</font><font style="display: inline;font-family:Times New Roman;color:#000000;">art</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">8</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">: &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Scott B. Capps</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">432 Harold Avenue, NE</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Atlanta, GA&nbsp;&nbsp;30307</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the Company: </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">1655 Roberts Boulevard, </font><font style="display: inline;font-family:Times New Roman;">N.W</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Kennesaw, G</font><font style="display: inline;font-family:Times New Roman;">A</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;3</font><font style="display: inline;font-family:Times New Roman;">0144</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Attention:&nbsp;&nbsp;Chief Executive Officer</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">or to such other address as either pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">ty shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreeme</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the application of such provision to any other person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be </font><font style="display: inline;font-family:Times New Roman;color:#000000;">reformed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the extent (and only to the extent) necessary to make it valid, enforceable and legal; provided, however, if the provision so held to be invalid, unenforceable or otherwise illegal cannot be refo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed so as to be valid&nbsp;&nbsp;and enforceable, then it shall be severed from, and shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">affect the enforceability of, the remaining provisions of the Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company may withhold from any amounts payable </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under </font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (f)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement supersedes any Change of Control Agreements previously entered into by and between Executive and Company and, along with the Employee Proprietary Information Agreements and other agreements noted herein, embodies the entire agreement between the parties with respect to the subject matter addressed herein.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">IN WITNESS WHEREOF, the pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ties hereto have executed t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement as of the date first above written.</font>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font>
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					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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			</tr>
			<tr>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ Scott B. Capps</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:257.40pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">Scott B. Capps</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">CRYOLIFE, INC.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ J. Patrick Mackin</font></p>
				</td>
			</tr>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font></p>
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				<td valign="top" style="width:221.40pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">J. Patrick Mackin</font></p>
				</td>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">Chairman, President and CEO</font></p>
				</td>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font>
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			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">9</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>c199-20161122xex10_2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.3.0.196-->
<!--Created on: 11/22/2016 5:18:44 PM-->
<html>
	<head>
		<title>
			8K COC Agmts Exh Gale  11-22-16
		</title>
	</head>
	<body><div style="margin-left:45pt;margin-right:63pt;"><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

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			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Exhibit 10.2</font>

		</p>

</div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;text-transform:uppercase;font-size:11pt;">CRYOLIFE, INC.</font>
		</p>
		<p style="margin:12pt 0pt 0pt;border-top:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">Change of Control Severance Agreement</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">This </font><font style="display: inline;font-family:Times New Roman;">Change of Control Severance Agreement</font><font style="display: inline;font-family:Times New Roman;"> (this &#x201C;Agreement&#x201D;) dated as of the </font><font style="display: inline;font-family:Times New Roman;">21</font><font style="display: inline;font-family:Times New Roman;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">day of </font><font style="display: inline;font-family:Times New Roman;">November</font><font style="display: inline;font-family:Times New Roman;">, 20</font><font style="display: inline;font-family:Times New Roman;">16</font><font style="display: inline;font-family:Times New Roman;"> is </font><font style="display: inline;font-family:Times New Roman;">made and entered into </font><font style="display: inline;font-family:Times New Roman;">by and between </font><font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font><font style="display: inline;font-family:Times New Roman;">, a Florida corporation (&#x201C;CryoLife&#x201D; or the &#x201C;Company&#x201D;) and </font><font style="display: inline;font-family:Times New Roman;">David C. Gale, Ph.D. </font><font style="display: inline;font-family:Times New Roman;">(the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x201D;).</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">RECITALS</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control.&nbsp;&nbsp;T</font><font style="display: inline;font-family:Times New Roman;">he Board of Directors of the Company</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;Board&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">, upon the recommendation of </font><font style="display: inline;font-family:Times New Roman;">its </font><font style="display: inline;font-family:Times New Roman;">Compensation Committee, has determined that it is in the best interests of the Company and its shareholders to enter into this Change of Control Agreement in order to assure that the Company will have the continued dedication of </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the Company</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">2. The Board believes that it is in the best interests of the Company and its stockholders to provide Executive with an incentive to continue Executive&#x2019;s employment and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of the stockholders.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">3. The Board believes it is imperative to provide Executive with certain severance</font><font style="display: inline;font-family:Times New Roman;"> benefits upon Executive&#x2019;s termination of employment both prior to and following a Change in Control.&nbsp;&nbsp;These benefits will provide Executive with enhanced financi</font><font style="display: inline;font-family:Times New Roman;">al security and incentive and e</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">ouragement to remain with the Company notwithstanding the possibility of a Change in Control. </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">4.&nbsp;&nbsp;Certain capitalized terms used in the Agreement are as defined below. </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">AGREEMENT</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">NOW, THEREFORE, in consideration of the</font><font style="display: inline;font-family:Times New Roman;"> mutual covenants contained herein, the parties hereto agree as follows:&nbsp; </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">1. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">CERTAIN DEFINITIONS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Effective Date</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the first date during the Change of Control Period (as defined herein) on which a Change of Control occurs.&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, if the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s employment with the Company is Terminated by the Company without Cause or by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason (as such terms are defined herein) within the six (6) month period prior to the date on which the Change of Control occurs and if such Change of Control is consummated (such a Termination of employment, an &#x201C;Anticipatory Termination&#x201D;), then for all purposes of this Agreement the &#x201C;Effective Date&#x201D; means the date immediately prior to the date of such Termination of employment.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control Period</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; means the period commencing on the date hereof and ending on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, commencing on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and each </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary of such date (such date and each such </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary thereof, the &#x201C;Renewal Date&#x201D;) unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) year from such Renewal Date, unless, at least thirty (30) days prior to the next Renewal Date, the Company shall give notice to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that the Change of Control Period shall not be so extended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Affiliated Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">means any company controlled by, controlling or under common control with the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a change in the ownership or effective control of, or in the ownership of a substantial portion of the assets of, the Company, as described in paragraphs (i) through (iii) below.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Ownership of the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of the Company shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires ownership of the Company stock that, together with the Company stock held by s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">uch </font><font style="display: inline;font-family:Times New Roman;color:#000000;">person or group, constitutes more than 50% of the total voting power of the stock of the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, is considered to own more than 50% of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">total voting power of the stock of the Company, the acquisition of additional the Company stock by such person or persons shall not be considered to cause a change in the ownership of the Company&nbsp;&nbsp;or to cause a change in the effective control of the Company (within the meaning of paragraph (ii) below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An increase in the percentage of the Company stock owned by any one person, or persons acting as a group (within </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">meaning of paragraph (iv)), as a result of a transaction in which the Company acquires its stock in exchange for property, sha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ll </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be treated as an acquisition of stock for purposes of this paragraph (i).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except as provided in (B) above, the provisions of this paragraph (i) shall apply only to the transfer or issuance of the Company stock if such stock remains outstanding after such transfer or issuance.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Effective Control of the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in the effective control of the Company shall occur on the date that either of (1) or (2) below occurs:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company possessing 30% or more of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the total voting power of the stock of the Company (the provisions of Sections l(d)(i) (B) and (C) above shall apply equally to this Section l(d)(ii)(A)(l); or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A maj</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ori</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty of the members of the Company Board of Directors are replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the Board of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Directors prior to the date of the appointment or election.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in effective con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol of the Company also may occur with respect to any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ansaction in which either of the Company or the other entity involved in a transaction described in paragraph (iii) experiences a Change of Control event described in paragraphs (i) or (iii).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), is considered to effectively control the Company (within the meaning of this paragraph (ii)), the acquisition of additional control of the Company by the same person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or persons shall not be considered to cause a change in the effective control of the Company (or to cause a change in the ownership of the Company within the meaning of paragraph (i)).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 3pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;"> in </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Ownership of a Substantial Portion of </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">e &nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Com</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">p</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">an</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Assets</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of a substantial portion of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s assets shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">2</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">acquisition by such person or persons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> assets from the Company that have a total gross fair market value (within the meaning of paragraph (iii)(B)) equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A transfer of the Company's assets shall not be treated as a change in the ownership of such assets if the assets are transferred to one or more of the following:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A shareholder of the Company (i</font><font style="display: inline;font-family:Times New Roman;color:#000000;">mmediately </font><font style="display: inline;font-family:Times New Roman;color:#000000;">before the asset transfer) in exchange for or with respect to Company stock;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (3)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A person, or more than one person acting as a group (within the meaning of paragraph (iv)) that owns, directly or indirectly, 50% or more of the total value or voting power of all of the outstanding stock of the Company; or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (4)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii)(A)(3).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii)(A), and except as otherwise provided herein, a person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s status is determined immediately after the transfer of assets.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii), gross fair market value means the value of all the Company assets, or the value of the assets being </font><font style="display: inline;font-family:Times New Roman;color:#000000;">disposed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of, determined without regard to any liabilities ass</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ociated</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with such assets.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 4pt 0pt 0pt;"> (iv)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this Section 1(d), persons shall be considered to be acting as a group if they are owners of an entity that enters into a merger, consolidation, purchase, or acquisition of assets, or similar business transaction with the Company.&nbsp;&nbsp;If a person, including an entity shareholder, owns stock in the Company and another entity with which the Company enters into a merger, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">consolidation, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">purcha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">se, or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">acquis</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of stock, or similar</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">busine</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ss </font><font style="display: inline;font-family:Times New Roman;color:#000000;">transaction, such shareholder shall be considered to be acting as a group with the other shareholders in a corporation only to the extent of the ownership&nbsp;&nbsp;in that corporation prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.&nbsp;&nbsp;Persons shall not be considered to be acting as a group solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s stock.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 6pt 0pt 0pt;"> (v)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Under no circumstances shall the reincorporation of the Company in a different state, or any action or inaction taken in furtherance thereof, constitute a Change of Control under this Agreement, including but not limited to efforts to end incorporation in the current state of incorporation or alterations to equity that facilitate such a</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Terminate</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">2. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">EMPLOYMENT.</font></font>
		</p>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company acknowledge that the employment of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> by the Company is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">at will,</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall have no rights under this Agreement unless </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is Terminated by the Company without Cause or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with Good Reason during the period commencing on the Effective Date and ending on the second </font><font style="display: inline;font-family:Times New Roman;color:#000000;">first </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anniversary of such date.</font>
		</p>
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">3</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">3. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMS OF AT WILL EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The terms of Executive&#x2019;s at will employment, as recorded in the Employee Proprietary Information Agreement executed by the Executive and </font><font style="display: inline;font-family:Times New Roman;">the Company</font><font style="display: inline;font-family:Times New Roman;">, are incorporated herein.</font><font style="display: inline;font-family:Times New Roman;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">4. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMINATION OF EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">For purposes of this Agreement, &#x201C;Cause&#x201D; shall mean:&nbsp; </font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(i) </font><font style="display: inline;font-family:Times New Roman;">an</font><font style="display: inline;font-family:Times New Roman;"> act of fraud, embezzlement, theft or any other material violation of law that occurs during or in the course of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s employment with the Company;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(ii) </font><font style="display: inline;font-family:Times New Roman;">intentional</font><font style="display: inline;font-family:Times New Roman;"> or grossly negligent</font><font style="display: inline;font-family:Times New Roman;"> damage by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assets;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iii) </font><font style="display: inline;font-family:Times New Roman;">intentional </font><font style="display: inline;font-family:Times New Roman;">or grossly negligent </font><font style="display: inline;font-family:Times New Roman;">disclosure by </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of the Compan</font><font style="display: inline;font-family:Times New Roman;">y&#x2019;s </font><font style="display: inline;font-family:Times New Roman;">confidential info</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ation contrary to the Company policies;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iv) </font><font style="display: inline;font-family:Times New Roman;">material breach of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">'s obligations under </font><font style="display: inline;font-family:Times New Roman;">th</font><font style="display: inline;font-family:Times New Roman;">is Agreement</font><font style="display: inline;font-family:Times New Roman;"> or any other Agreement with the Company</font><font style="display: inline;font-family:Times New Roman;">;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(v) </font><font style="display: inline;font-family:Times New Roman;">engagement </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">in any activity w</font><font style="display: inline;font-family:Times New Roman;">hich </font><font style="display: inline;font-family:Times New Roman;">would constitute a breach of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s duty of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">loyalty or of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assigned duties;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(vi) </font><font style="display: inline;font-family:Times New Roman;">breach by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of any of the company&#x2019;s policies and procedures;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(vii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">the willful and continued failure by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to perform the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;"> assigned duties (other than as a result of incapacity due to physical or mental illness); or</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(viii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">willful conduct </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> that is </font><font style="display: inline;font-family:Times New Roman;">demonstrably </font><font style="display: inline;font-family:Times New Roman;">and materially injurious to the Company, monetarily or otherwise.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Good Reason</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;For purposes of this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Good Reason</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean the as</font><font style="display: inline;font-family:Times New Roman;color:#000000;">signment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, without the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> consent, of any duties materially inconsistent with the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> position (including changes in status, offices, or titles and any change in the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s reporting requirements that would cause </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to report to an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> who is junior in seniority to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">employee </font><font style="display: inline;font-family:Times New Roman;color:#000000;">to whom </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> reports), authority, duties or responsibilities, determined as of the later of the date of this Agreement or the date of any modification to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s pos</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (including status, offices, titles and reporting requirements, as described above), authority, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">duties </font><font style="display: inline;font-family:Times New Roman;color:#000000;">or responsibilities that is agreed to by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, or any other action by the Company that results in a material </font><font style="display: inline;font-family:Times New Roman;color:#000000;">diminution</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in such position, authority, duties, responsibilities or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> aggregate compensation, excluding for this purpose an isolated, insubstantial and inadver</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ent action taken in good faith and which is remedied by the Company within thirty (30) days after receipt of notice thereof given by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (each of these an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for purposes of this Section 4(b)).&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> must notify the Company of any Event that constitutes Good Reason within ninety (90) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s knowledge of the existence of such Event or such Event shall not constitute Good Reason under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Notice of Termination</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Any Termination by the Company for Cause, or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason, shall be communicated by Notice of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Term</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination to the other pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty hereto given in accordance with Section 11(b) of this Agreement.&nbsp;&nbsp;For purposes of this Agreement, a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Notice of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a written notice which (i) indicates the specific te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s employment </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under the provision so indicated and (iii) specifies the termination date (w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ich date shall not be more than thirty (30) days after the giving of such notice; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">if </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is </font>
		</p>
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			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inating for Good Reason such date shall not be less than thirty (30) nor more than forty-five (45) days after giving of such notice). The failure by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, hereunder or preclude the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, from asserting such fact or circumstance in enforcing the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Compan</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> rights hereunder.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Date of Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the date of receipt of the Notice of Termination, or any later date specified therein, as the case may be. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall take all steps necessary (including with regard to any post-Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination services by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to ensure that any Termination described in this Section 4 constitutes a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Code, and notwithstanding </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anything</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> contained herein to the contrary, the date on which the separation from service takes place shall be the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:40pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">(e) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:7pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Covenants Necessary to the </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">s Business</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The covenants recorded in the Employee Proprietary Information Agreement executed by the Executive and the Company are incorporated herein, including but not limited to the covenant not to compete, the covenant regarding customer solicitation and interference, and the covenant regard</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing solicitation of employees.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Officer covenants and agrees that the payment of any Severance Payment (as def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed </font><font style="display: inline;font-family:Times New Roman;color:#000000;">in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 5(e)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> below</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) shall be subject to and expressly conditioned upon Office</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> compliance with the covenants set forth in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Employee Propri</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tary Information Agreement, which have been incorporated herein</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Should Officer fail to comply with these covenants, the Company shall not be required to make the Severance Payment (or any portion of the Severance Payment that remains unpaid), and the Officer shall be required to repay any portion of the Severance Payment that the Officer has already received from the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">5. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">OBLIGATIONS OF THE COMPANY UPON TERMINATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> employment without Cause, or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inate employment for Good Reason, then the Company shall pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Severance Payment (defined below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be an amount equal to one (1) times the aggregate of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s base salary as of the Date of Termination and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation for the year in which the Termination of employment occurs.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus </font><font style="display: inline;font-family:Times New Roman;color:#000000;">compensation for purposes of this Section 5(b), if the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs before the awarding of bonuses for the year in which the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs, the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation component of the Severance Payment shall be computed based on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s most recent awarded </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Cash b</font><font style="display: inline;font-family:Times New Roman;color:#000000;">onus compensation shall include </font><font style="display: inline;font-family:Times New Roman;color:#000000;">only</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Annual Bonus paid in cash and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">shall specifically exclude </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the value of any non-cash bonuses, such as options or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">restricted </font><font style="display: inline;font-family:Times New Roman;color:#000000;">stock.&nbsp;&nbsp;For the sake of cla</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ification, all cash paid in payment of all or a portion of the bonus pursuant to the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s 2007 Executive Incentive Plan or any successor thereto shall be bonus compensation for purposes of this Agreement for the year in which paid or issued. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Severance Payment shall be payable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except for the group health plan benefits payments or as otherwise provided herein, t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he Severance Payment, if any is due hereunder, shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s Date of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, unless the Termination is an Anticipatory Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 5pt 0pt 0pt;"> (ii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In the event of an Anticipatory Termination, the Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, except for the group health plan benefits payments,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following the date of the Change of Control.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">5</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:2.65000000000001pt;"><font style="display: inline;font-family:Times New Roman;">(iii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">Notwithstandin</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;"> the </font><font style="display: inline;font-family:Times New Roman;">foregoing, if </font><font style="display: inline;font-family:Times New Roman;">any </font><font style="display: inline;font-family:Times New Roman;">amount </font><font style="display: inline;font-family:Times New Roman;">paid </font><font style="display: inline;font-family:Times New Roman;">pursuant to this Section 5(b) </font><font style="display: inline;font-family:Times New Roman;">is defe</font><font style="display: inline;font-family:Times New Roman;">rr</font><font style="display: inline;font-family:Times New Roman;">ed compensation within the meaning of Section 409A of the Code and as of the Date of Te</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">mination </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> is a Specified Employee, amounts that would otherwise be payable during the six-month period </font><font style="display: inline;font-family:Times New Roman;">im</font><font style="display: inline;font-family:Times New Roman;">mediately following the </font><font style="display: inline;font-family:Times New Roman;">Date </font><font style="display: inline;font-family:Times New Roman;">of Te</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ination shall instead be paid, with interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code, on the first business day after the date that is six months following </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">separation from service</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> within the meaning of Section 409A of the Code (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Delayed Payment Date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;As used in this Agreement, the term </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> as de</font><font style="display: inline;font-family:Times New Roman;">fin</font><font style="display: inline;font-family:Times New Roman;">ed in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Code</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;By way of clarification, </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">key employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> (as defined in Section 416(i) of the Code, disregarding Section</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">416(i)(5) of the Code) of the Company.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> shall be treated as a key employee if the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> meets the requirement of Section 416(i)(l)(A)(i), (ii), or (iii) at any time d</font><font style="display: inline;font-family:Times New Roman;">ur</font><font style="display: inline;font-family:Times New Roman;">ing the twelve (12) month period ending on an </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;For purposes of any </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> determination hereunder, the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> shall mean the last day of each calendar year.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Medical Coverage.&nbsp;&nbsp;In addition, group health plan coverage for the Executive and covered dependents, with the same contribution by the Executive, will be provided as part of the Severance Payment for the lesser of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">twelve (12</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) months following the Date of Termination or until the Executive is provided comparable benefits by another employer.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Separation Agreement and Release of Claims.&nbsp;&nbsp;The receipt of any Severance Payment pursuant to this Agreement will be subject to the Executive signing and not revoking a separation agreement and release of claims in a form provided by the Company (the &#x201C;Release&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, which may include restatements of covenants contained in the Employee Proprietary Information Agreement among others,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the &#x201C;Release Deadline&#x201D;). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance under this Agreement.&nbsp;&nbsp;In no event will </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be paid or provided until the Release becomes effective and irrevocable.&nbsp;&nbsp;Except as required by Section 5(b)(iii), any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that would have been made to Executive prior to the Release becoming effectiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and irrevocable but for the preceding sentence will be paid to Executive on the first regularly scheduled Company payroll date following the date the Release becomes effective and irrevocable, and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> remaining payments will be made as provided in the Agreement.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">6. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">FULL SETTLEMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In no event shall the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under any of the provisions of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement and such amounts shall not be reduced whether or not the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> obtains other employment. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company agrees to pay, to the full extent pe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itted&nbsp;&nbsp;by law, all legal fees and expenses which the may reasonably incur as a result of any contest by the Company or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with respect to liability under or the interpretation of the validity or enforceability of, any provision of this Agreement, but only in the event and to the extent that (i) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> receives a final, non-appealable judgment&nbsp;&nbsp;in his favor in any such action or receives a final judgment in his favor that has not been appealed by the Company within thirty (30) days of the date of the judgment; or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">part</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ies agree to dismiss any such</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">action upon the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s payment of the sums allegedly due the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ance of the covenants by the Company allegedly breached by it.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">7. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">PAYMENT CUT-BACK.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Notwithstanding anything to the contrary contained herein, the Company will not pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> any excise tax gross up pursuant to this Agreement or any other agreement between </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company.&nbsp;&nbsp;Further notwithstanding anything to the contrary contained herein, the Company shall reduce any payment contingent on a Change of Control pursuant to any plan, agreement, or arrangement of the Company that would be considered in determinin</font><font style="display: inline;font-family:Times New Roman;color:#000000;">g &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">whether a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (as defined in Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) &nbsp;</font>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">6</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

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			&nbsp;

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</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Code), has occurred (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Change of Control Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to 2.99 times Employe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> average compensation, as indicated on such Empl</font><font style="display: inline;font-family:Times New Roman;color:#000000;">oyee&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Form</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> W-2, for the five (5) years ending immediately prior to the year containing the date of the Change of Control (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Safe Harbor Amount</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) if, and only if, reducing the Change of Control Severance Payment would provide </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with a greater net after-tax Change of Control Severance Payment than would be the case if no such reduction took place.&nbsp;&nbsp;The Safe Harbor Amount, as defined herein, is an amount expressed in present value which maximizes the aggregate present value of the Change of Control Severance Payment without causing the Change of Control Severance Payment to be subject to the excise tax under Section 4999 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">and related Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) of the Code (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Excise Tax</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">), determined in accordance with Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(d)(4).&nbsp;&nbsp;Any reduction in the Change of Control Severance Payment shall be implemented in accordance with Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(i)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">Any reduction in payments pursuant to Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) shall apply so as to minimize the amount of compensation that is reduced (i.e., it applies to payments that to the greatest extent r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">epresent parachute payments), </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">no reduction shall be applied to an amount that constitutes a defe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">al of compensation under Section 409A except for amounts that have become payable at </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">time of the reduction and as to which the reduction will not result in a non-reduction in a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">corr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">esponding amount that is a deferral of compensation under Section 409A that is not currently payable.</font></font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:5pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining whether the Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Payment will be subject to the Excise Tax and the amount of such Excise Tax:</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(A</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance Payment shall be treated as a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(2), and if it is an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">excess parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(l), it shall be treated as subject to the Excise Tax, unless, and except to the exte</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, in the written opinion of independent compensation consultants, counsel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or auditors of nationall</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">recognized standing (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;Independent </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Advisors</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) sel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ected </font><font style="display: inline;font-family:Times New Roman;color:#000000;">by the Company and reasonably acceptable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, the Change of Control Severance Payment (in whole or in pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) does not constitute a parachute payment, or such excess parachute payment (in whole or in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">par</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) represents reasonable compensation for services actually rendered within the mea</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing of Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b)(4) in excess of the base amount within the meaning of Section 280G(b)(3) or are otherwise not subject to the Excise Tax.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:14pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(B)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">The value of any non-cash benefits or any defer</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed payment or benefit shall be determined by the Independent Advisors in accordance with the principles of Sections</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G(d)(3) and (4).</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:76pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining reductions in compensation pursuant to this Section 7(b), if any, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> will be deemed (A) to pay federal income taxes at the applicable rates of federal income taxation for the calendar year in whic</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the compensation would be payable; and (B) to pay any applicable state and local income taxes at the applicable rates of taxation for the calendar year in which the compensation would be payable, taking into account any effect on federal income taxes from payment of state and local income taxes.&nbsp;&nbsp;Compensation will be adjusted not later than the applicable deadline under Section 409A to provide for accurate payments under the cut-back provision of this Section 7(b), but after any such deadline no further adjustment will be made if it would result in a tax penalty under Section 409A.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Furthermore, notwithstanding anything in this Agreement to the contrary, aggregate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payments, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation </font><font style="display: inline;font-family:Times New Roman;color:#000000;">payments </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and/or similar payments made to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> pursuant to this Agreement and otherwise shall be limited to the equivalent of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> salary paid during the three (3) completed fiscal years ended prior to the Date of Termination, including </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonuses and guaranteed benefits paid during those years.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">CONFIDENTIAL INFORMATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company will also be parties to one or more separate agreements respecting confidential information, trade secrets, inventions and non-competition</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, including but not limited to the Employee </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">7</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">Proprietary Information Agreement,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">(collectively, </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">IP Agreements</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">). </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">The pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">t</font><font style="display: inline;font-family:Times New Roman;">ies </font><font style="display: inline;font-family:Times New Roman;">agree that the IP Agreements shall not be superseded or </font><font style="display: inline;font-family:Times New Roman;">term</font><font style="display: inline;font-family:Times New Roman;">inated by this Agreement and s</font><font style="display: inline;font-family:Times New Roman;">hall </font><font style="display: inline;font-family:Times New Roman;">survive any termination of this Agreement; provided, however, that to the extent that there is any conflict or overlap between the provisions of this Agreement and any of the IP Agreements, those provisions that provide the Company with the greatest rights and protections shall control.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">9. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">SUCCESSORS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is personal to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and without the prior w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itten consent of the Company shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be assignable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> otherwise than by will or the laws of descent and distribution. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be enforceable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same </font><font style="display: inline;font-family:Times New Roman;color:#000000;">mann</font><font style="display: inline;font-family:Times New Roman;color:#000000;">er and to the same extent that the Company would be required to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> it if no such succession had taken place.&nbsp;&nbsp;As used in this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean CryoLife as hereinbefore def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed and any successor to its business and/or assets as aforesaid which assumes and agrees to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> this Agreement by operation of law, or otherwise.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">10. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">COMPLIANCE WITH SECTION 409A.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is intended to comply with, or otherwise be exempt from, Section</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">409A of the Code and any regulations and Treasury guidance promulgated thereunder.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> agree that they will execute any and all amendments to this Agreement as they mutually agree in good faith may be necessary to ensure compliance with Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company makes no representation or warranty as to the tax effect of any of the preceding provisions, and the provisions of this Agreement shall not be cons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ued as a guarantee by the Company of any particular tax effect to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.&nbsp;&nbsp;The Company shall not be liable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or any other person for any payment made under this Agreement which is determined to result in the imposition of an excise tax, penalty or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">11. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">MISCELLANEOUS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall be governed by and construed in accordance with the laws </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the State of Georgia, without reference to principles of conflict of laws.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Both the Executive and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company expressly consent to the exclusive venue of and personal jurisdiction within the state and federal courts located in Georgia for any lawsuit arising from or related to this Agreement</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The captions of t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement are not part of the provisions hereof and shall have no force and effect. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">All notices and other communications hereunder shall be in writing and shall be given by hand delivery (which shall include delivery via Federal Express or UPS) to the other p</font><font style="display: inline;font-family:Times New Roman;color:#000000;">art</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">8</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">: &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">David C. Gale, Ph.D.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">962 Kinghorn Drive, N.W.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Kennesaw, GA&nbsp;&nbsp;30152</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the Company: </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">1655 Roberts Boulevard, </font><font style="display: inline;font-family:Times New Roman;">N.W</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Kennesaw, G</font><font style="display: inline;font-family:Times New Roman;">A</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;3</font><font style="display: inline;font-family:Times New Roman;">0144</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Attention:&nbsp;&nbsp;Chief Executive Officer</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">or to such other address as either pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">ty shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreeme</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the application of such provision to any other person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be </font><font style="display: inline;font-family:Times New Roman;color:#000000;">reformed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the extent (and only to the extent) necessary to make it valid, enforceable and legal; provided, however, if the provision so held to be invalid, unenforceable or otherwise illegal cannot be refo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed so as to be valid&nbsp;&nbsp;and enforceable, then it shall be severed from, and shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">affect the enforceability of, the remaining provisions of the Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company may withhold from any amounts payable </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under </font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (f)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement supersedes any Change of Control Agreements previously entered into by and between Executive and Company and, along with the Employee Proprietary Information Agreements and other agreements noted herein, embodies the entire agreement between the parties with respect to the subject matter addressed herein.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">IN WITNESS WHEREOF, the pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ties hereto have executed t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement as of the date first above written.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:269.20pt;margin-left:257.4pt;">
			<tr>
				<td valign="top" style="width:11.80pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td colspan="2" valign="top" style="width:257.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:257.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ David C. Gale, Ph.D.</font></p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:257.40pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">David C. Gale,&nbsp;&nbsp;Ph.D.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">CRYOLIFE, INC.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
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		</p>
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			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ J. Patrick Mackin</font></p>
				</td>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">J. Patrick Mackin</font></p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">Chairman, President and CEO</font></p>
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			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">9</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>c199-20161122xex10_3.htm
<DESCRIPTION>EX-10.3
<TEXT>
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			8K COC Agmts Exh Holloway  11-22-16
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			&nbsp;

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			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Exhibit 10.3</font>

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			<a name="_GoBack"></a><font style="display: inline;text-transform:uppercase;font-size:11pt;">CRYOLIFE, INC.</font>
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			<font style="display: inline;font-size:11pt;">Change of Control Severance Agreement</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">This </font><font style="display: inline;font-family:Times New Roman;">Change of Control Severance Agreement</font><font style="display: inline;font-family:Times New Roman;"> (this &#x201C;Agreement&#x201D;) dated as of the </font><font style="display: inline;font-family:Times New Roman;">21</font><font style="display: inline;font-family:Times New Roman;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">day of </font><font style="display: inline;font-family:Times New Roman;">November</font><font style="display: inline;font-family:Times New Roman;">, 20</font><font style="display: inline;font-family:Times New Roman;">16</font><font style="display: inline;font-family:Times New Roman;"> is </font><font style="display: inline;font-family:Times New Roman;">made and entered into </font><font style="display: inline;font-family:Times New Roman;">by and between </font><font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font><font style="display: inline;font-family:Times New Roman;">, a Florida corporation (&#x201C;CryoLife&#x201D; or the &#x201C;Company&#x201D;) and</font><font style="display: inline;font-family:Times New Roman;"> Jean F. Holloway</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x201D;).</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">RECITALS</font>
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			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Times New Roman;">1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control.&nbsp;&nbsp;T</font><font style="display: inline;font-family:Times New Roman;">he Board of Directors of the Company</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;Board&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">, upon the recommendation of </font><font style="display: inline;font-family:Times New Roman;">its </font><font style="display: inline;font-family:Times New Roman;">Compensation Committee, has determined that it is in the best interests of the Company and its shareholders to enter into this Change of Control Agreement in order to assure that the Company will have the continued dedication of </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the Company</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<font style="display: inline;font-family:Times New Roman;">2. The Board believes that it is in the best interests of the Company and its stockholders to provide Executive with an incentive to continue Executive&#x2019;s employment and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of the stockholders.</font>
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			<font style="display: inline;font-family:Times New Roman;">3. The Board believes it is imperative to provide Executive with certain severance</font><font style="display: inline;font-family:Times New Roman;"> benefits upon Executive&#x2019;s termination of employment both prior to and following a Change in Control.&nbsp;&nbsp;These benefits will provide Executive with enhanced financi</font><font style="display: inline;font-family:Times New Roman;">al security and incentive and e</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">ouragement to remain with the Company notwithstanding the possibility of a Change in Control. </font>
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			<font style="display: inline;font-family:Times New Roman;">4.&nbsp;&nbsp;Certain capitalized terms used in the Agreement are as defined below. </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">AGREEMENT</font>
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			<font style="display: inline;font-family:Times New Roman;">NOW, THEREFORE, in consideration of the</font><font style="display: inline;font-family:Times New Roman;"> mutual covenants contained herein, the parties hereto agree as follows:&nbsp; </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">1. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">CERTAIN DEFINITIONS.</font></font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Effective Date</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the first date during the Change of Control Period (as defined herein) on which a Change of Control occurs.&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, if the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s employment with the Company is Terminated by the Company without Cause or by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason (as such terms are defined herein) within the six (6) month period prior to the date on which the Change of Control occurs and if such Change of Control is consummated (such a Termination of employment, an &#x201C;Anticipatory Termination&#x201D;), then for all purposes of this Agreement the &#x201C;Effective Date&#x201D; means the date immediately prior to the date of such Termination of employment.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control Period</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; means the period commencing on the date hereof and ending on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, commencing on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and each </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary of such date (such date and each such </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary thereof, the &#x201C;Renewal Date&#x201D;) unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) year from such Renewal Date, unless, at least thirty (30) days prior to the next Renewal Date, the Company shall give notice to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that the Change of Control Period shall not be so extended.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Affiliated Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">means any company controlled by, controlling or under common control with the Company.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a change in the ownership or effective control of, or in the ownership of a substantial portion of the assets of, the Company, as described in paragraphs (i) through (iii) below.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Ownership of the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of the Company shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires ownership of the Company stock that, together with the Company stock held by s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">uch </font><font style="display: inline;font-family:Times New Roman;color:#000000;">person or group, constitutes more than 50% of the total voting power of the stock of the Company.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, is considered to own more than 50% of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">total voting power of the stock of the Company, the acquisition of additional the Company stock by such person or persons shall not be considered to cause a change in the ownership of the Company&nbsp;&nbsp;or to cause a change in the effective control of the Company (within the meaning of paragraph (ii) below).</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An increase in the percentage of the Company stock owned by any one person, or persons acting as a group (within </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">meaning of paragraph (iv)), as a result of a transaction in which the Company acquires its stock in exchange for property, sha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ll </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be treated as an acquisition of stock for purposes of this paragraph (i).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except as provided in (B) above, the provisions of this paragraph (i) shall apply only to the transfer or issuance of the Company stock if such stock remains outstanding after such transfer or issuance.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Effective Control of the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in the effective control of the Company shall occur on the date that either of (1) or (2) below occurs:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company possessing 30% or more of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the total voting power of the stock of the Company (the provisions of Sections l(d)(i) (B) and (C) above shall apply equally to this Section l(d)(ii)(A)(l); or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A maj</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ori</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty of the members of the Company Board of Directors are replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the Board of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Directors prior to the date of the appointment or election.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in effective con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol of the Company also may occur with respect to any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ansaction in which either of the Company or the other entity involved in a transaction described in paragraph (iii) experiences a Change of Control event described in paragraphs (i) or (iii).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), is considered to effectively control the Company (within the meaning of this paragraph (ii)), the acquisition of additional control of the Company by the same person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or persons shall not be considered to cause a change in the effective control of the Company (or to cause a change in the ownership of the Company within the meaning of paragraph (i)).</font></p></td></tr></table></div>
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 3pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;"> in </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Ownership of a Substantial Portion of </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">e &nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Com</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">p</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">an</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Assets</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of a substantial portion of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s assets shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">2</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">acquisition by such person or persons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> assets from the Company that have a total gross fair market value (within the meaning of paragraph (iii)(B)) equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A transfer of the Company's assets shall not be treated as a change in the ownership of such assets if the assets are transferred to one or more of the following:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A shareholder of the Company (i</font><font style="display: inline;font-family:Times New Roman;color:#000000;">mmediately </font><font style="display: inline;font-family:Times New Roman;color:#000000;">before the asset transfer) in exchange for or with respect to Company stock;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (3)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A person, or more than one person acting as a group (within the meaning of paragraph (iv)) that owns, directly or indirectly, 50% or more of the total value or voting power of all of the outstanding stock of the Company; or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (4)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii)(A)(3).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii)(A), and except as otherwise provided herein, a person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s status is determined immediately after the transfer of assets.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii), gross fair market value means the value of all the Company assets, or the value of the assets being </font><font style="display: inline;font-family:Times New Roman;color:#000000;">disposed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of, determined without regard to any liabilities ass</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ociated</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with such assets.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 4pt 0pt 0pt;"> (iv)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this Section 1(d), persons shall be considered to be acting as a group if they are owners of an entity that enters into a merger, consolidation, purchase, or acquisition of assets, or similar business transaction with the Company.&nbsp;&nbsp;If a person, including an entity shareholder, owns stock in the Company and another entity with which the Company enters into a merger, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">consolidation, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">purcha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">se, or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">acquis</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of stock, or similar</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">busine</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ss </font><font style="display: inline;font-family:Times New Roman;color:#000000;">transaction, such shareholder shall be considered to be acting as a group with the other shareholders in a corporation only to the extent of the ownership&nbsp;&nbsp;in that corporation prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.&nbsp;&nbsp;Persons shall not be considered to be acting as a group solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s stock.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 6pt 0pt 0pt;"> (v)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Under no circumstances shall the reincorporation of the Company in a different state, or any action or inaction taken in furtherance thereof, constitute a Change of Control under this Agreement, including but not limited to efforts to end incorporation in the current state of incorporation or alterations to equity that facilitate such a</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Terminate</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">2. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company acknowledge that the employment of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> by the Company is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">at will,</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall have no rights under this Agreement unless </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is Terminated by the Company without Cause or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with Good Reason during the period commencing on the Effective Date and ending on the second </font><font style="display: inline;font-family:Times New Roman;color:#000000;">first </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anniversary of such date.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">3</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">3. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMS OF AT WILL EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The terms of Executive&#x2019;s at will employment, as recorded in the Employee Proprietary Information Agreement executed by the Executive and </font><font style="display: inline;font-family:Times New Roman;">the Company</font><font style="display: inline;font-family:Times New Roman;">, are incorporated herein.</font><font style="display: inline;font-family:Times New Roman;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">4. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMINATION OF EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">For purposes of this Agreement, &#x201C;Cause&#x201D; shall mean:&nbsp; </font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(i) </font><font style="display: inline;font-family:Times New Roman;">an</font><font style="display: inline;font-family:Times New Roman;"> act of fraud, embezzlement, theft or any other material violation of law that occurs during or in the course of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s employment with the Company;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(ii) </font><font style="display: inline;font-family:Times New Roman;">intentional</font><font style="display: inline;font-family:Times New Roman;"> or grossly negligent</font><font style="display: inline;font-family:Times New Roman;"> damage by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assets;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iii) </font><font style="display: inline;font-family:Times New Roman;">intentional </font><font style="display: inline;font-family:Times New Roman;">or grossly negligent </font><font style="display: inline;font-family:Times New Roman;">disclosure by </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of the Compan</font><font style="display: inline;font-family:Times New Roman;">y&#x2019;s </font><font style="display: inline;font-family:Times New Roman;">confidential info</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ation contrary to the Company policies;</font>
		</p>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iv) </font><font style="display: inline;font-family:Times New Roman;">material breach of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">'s obligations under </font><font style="display: inline;font-family:Times New Roman;">th</font><font style="display: inline;font-family:Times New Roman;">is Agreement</font><font style="display: inline;font-family:Times New Roman;"> or any other Agreement with the Company</font><font style="display: inline;font-family:Times New Roman;">;</font>
		</p>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(v) </font><font style="display: inline;font-family:Times New Roman;">engagement </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">in any activity w</font><font style="display: inline;font-family:Times New Roman;">hich </font><font style="display: inline;font-family:Times New Roman;">would constitute a breach of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s duty of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">loyalty or of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assigned duties;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 13pt 0pt 0pt;"> (vi)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">breach by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of any of the company&#x2019;s policies and procedures;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(vii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">the willful and continued failure by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to perform the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> assigned duties (other than as a result of incapacity due to physical or mental illness); or</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(viii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">willful conduct </font><font style="display: inline;font-family:Times New Roman;color:#000000;">by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">demonstrably </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and materially injurious to the Company, monetarily or otherwise.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Good Reason</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;For purposes of this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Good Reason</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean the as</font><font style="display: inline;font-family:Times New Roman;color:#000000;">signment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, without the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> consent, of any duties materially inconsistent with the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> position (including changes in status, offices, or titles and any change in the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s reporting requirements that would cause </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to report to an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> who is junior in seniority to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">employee </font><font style="display: inline;font-family:Times New Roman;color:#000000;">to whom </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> reports), authority, duties or responsibilities, determined as of the later of the date of this Agreement or the date of any modification to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s pos</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (including status, offices, titles and reporting requirements, as described above), authority, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">duties </font><font style="display: inline;font-family:Times New Roman;color:#000000;">or responsibilities that is agreed to by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, or any other action by the Company that results in a material </font><font style="display: inline;font-family:Times New Roman;color:#000000;">diminution</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in such position, authority, duties, responsibilities or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> aggregate compensation, excluding for this purpose an isolated, insubstantial and inadver</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ent action taken in good faith and which is remedied by the Company within thirty (30) days after receipt of notice thereof given by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (each of these an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for purposes of this Section 4(b)).&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> must notify the Company of any Event that constitutes Good Reason within ninety (90) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s knowledge of the existence of such Event or such Event shall not constitute Good Reason under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Notice of Termination</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Any Termination by the Company for Cause, or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason, shall be communicated by Notice of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Term</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination to the other pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty hereto given in accordance with Section 11(b) of this Agreement.&nbsp;&nbsp;For purposes of this Agreement, a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Notice of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a written notice which (i) indicates the specific te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s employment </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under the provision so indicated and (iii) specifies the termination date (w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ich date shall not be more than thirty (30) days after the giving of such notice; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">if </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inating for Good Reason such date shall not be less than thirty (30) nor more than forty-five (45) days after giving of such notice). The failure by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, hereunder or preclude the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, from asserting such fact or circumstance in enforcing the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Compan</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> rights hereunder.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Date of Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the date of receipt of the Notice of Termination, or any later date specified therein, as the case may be. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall take all steps necessary (including with regard to any post-Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination services by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to ensure that any Termination described in this Section 4 constitutes a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Code, and notwithstanding </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anything</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> contained herein to the contrary, the date on which the separation from service takes place shall be the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:40pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">(e) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:7pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Covenants Necessary to the </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">s Business</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The covenants recorded in the Employee Proprietary Information Agreement executed by the Executive and the Company are incorporated herein, including but not limited to the covenant not to compete, the covenant regarding customer solicitation and interference, and the covenant regard</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing solicitation of employees.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Officer covenants and agrees that the payment of any Severance Payment (as def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed </font><font style="display: inline;font-family:Times New Roman;color:#000000;">in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 5(e)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> below</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) shall be subject to and expressly conditioned upon Office</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> compliance with the covenants set forth in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Employee Propri</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tary Information Agreement, which have been incorporated herein</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Should Officer fail to comply with these covenants, the Company shall not be required to make the Severance Payment (or any portion of the Severance Payment that remains unpaid), and the Officer shall be required to repay any portion of the Severance Payment that the Officer has already received from the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">5. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">OBLIGATIONS OF THE COMPANY UPON TERMINATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> employment without Cause, or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inate employment for Good Reason, then the Company shall pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Severance Payment (defined below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be an amount equal to one</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and one-half </font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#xBD;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) times the aggregate of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s base salary as of the Date of Termination and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation for the year in which the Termination of employment occurs.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus </font><font style="display: inline;font-family:Times New Roman;color:#000000;">compensation for purposes of this Section 5(b), if the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs before the awarding of bonuses for the year in which the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs, the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation component of the Severance Payment shall be computed based on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s most recent awarded </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Cash b</font><font style="display: inline;font-family:Times New Roman;color:#000000;">onus compensation shall include </font><font style="display: inline;font-family:Times New Roman;color:#000000;">only</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Annual Bonus paid in cash and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">shall specifically exclude </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the value of any non-cash bonuses, such as options or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">restricted </font><font style="display: inline;font-family:Times New Roman;color:#000000;">stock.&nbsp;&nbsp;For the sake of cla</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ification, all cash paid in payment of all or a portion of the bonus pursuant to the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s 2007 Executive Incentive Plan or any successor thereto shall be bonus compensation for purposes of this Agreement for the year in which paid or issued. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Severance Payment shall be payable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except for the group health plan benefits payments or as otherwise provided herein, t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he Severance Payment, if any is due hereunder, shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s Date of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, unless the Termination is an Anticipatory Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 5pt 0pt 0pt;"> (ii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In the event of an Anticipatory Termination, the Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, except for the group health plan benefits payments,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following the date of the Change of Control.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">5</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

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</div>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:2.65000000000001pt;"><font style="display: inline;font-family:Times New Roman;">(iii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">Notwithstandin</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;"> the </font><font style="display: inline;font-family:Times New Roman;">foregoing, if </font><font style="display: inline;font-family:Times New Roman;">any </font><font style="display: inline;font-family:Times New Roman;">amount </font><font style="display: inline;font-family:Times New Roman;">paid </font><font style="display: inline;font-family:Times New Roman;">pursuant to this Section 5(b) </font><font style="display: inline;font-family:Times New Roman;">is defe</font><font style="display: inline;font-family:Times New Roman;">rr</font><font style="display: inline;font-family:Times New Roman;">ed compensation within the meaning of Section 409A of the Code and as of the Date of Te</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">mination </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> is a Specified Employee, amounts that would otherwise be payable during the six-month period </font><font style="display: inline;font-family:Times New Roman;">im</font><font style="display: inline;font-family:Times New Roman;">mediately following the </font><font style="display: inline;font-family:Times New Roman;">Date </font><font style="display: inline;font-family:Times New Roman;">of Te</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ination shall instead be paid, with interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code, on the first business day after the date that is six months following </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">separation from service</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> within the meaning of Section 409A of the Code (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Delayed Payment Date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;As used in this Agreement, the term </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> as de</font><font style="display: inline;font-family:Times New Roman;">fin</font><font style="display: inline;font-family:Times New Roman;">ed in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Code</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;By way of clarification, </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">key employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> (as defined in Section 416(i) of the Code, disregarding Section</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">416(i)(5) of the Code) of the Company.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> shall be treated as a key employee if the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> meets the requirement of Section 416(i)(l)(A)(i), (ii), or (iii) at any time d</font><font style="display: inline;font-family:Times New Roman;">ur</font><font style="display: inline;font-family:Times New Roman;">ing the twelve (12) month period ending on an </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;For purposes of any </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> determination hereunder, the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> shall mean the last day of each calendar year.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Medical Coverage.&nbsp;&nbsp;In addition, group health plan coverage for the Executive and covered dependents, with the same contribution by the Executive, will be provided as part of the Severance Payment for the lesser of eighteen (18) months following the Date of Termination or until the Executive is provided comparable benefits by another employer.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Separation Agreement and Release of Claims.&nbsp;&nbsp;The receipt of any Severance Payment pursuant to this Agreement will be subject to the Executive signing and not revoking a separation agreement and release of claims in a form provided by the Company (the &#x201C;Release&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, which may include restatements of covenants contained in the Employee Proprietary Information Agreement among others,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the &#x201C;Release Deadline&#x201D;). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance under this Agreement.&nbsp;&nbsp;In no event will </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be paid or provided until the Release becomes effective and irrevocable.&nbsp;&nbsp;Except as required by Section 5(b)(iii), any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that would have been made to Executive prior to the Release becoming effectiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and irrevocable but for the preceding sentence will be paid to Executive on the first regularly scheduled Company payroll date following the date the Release becomes effective and irrevocable, and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> remaining payments will be made as provided in the Agreement.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">6. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">FULL SETTLEMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In no event shall the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under any of the provisions of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement and such amounts shall not be reduced whether or not the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> obtains other employment. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company agrees to pay, to the full extent pe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itted&nbsp;&nbsp;by law, all legal fees and expenses which the may reasonably incur as a result of any contest by the Company or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with respect to liability under or the interpretation of the validity or enforceability of, any provision of this Agreement, but only in the event and to the extent that (i) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> receives a final, non-appealable judgment&nbsp;&nbsp;in his favor in any such action or receives a final judgment in his favor that has not been appealed by the Company within thirty (30) days of the date of the judgment; or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">part</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ies agree to dismiss any such</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">action upon the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s payment of the sums allegedly due the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ance of the covenants by the Company allegedly breached by it.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">7. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">PAYMENT CUT-BACK.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Notwithstanding anything to the contrary contained herein, the Company will not pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> any excise tax gross up pursuant to this Agreement or any other agreement between </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company.&nbsp;&nbsp;Further notwithstanding anything to the contrary contained herein, the Company shall reduce any payment contingent on a Change of Control pursuant to any plan, agreement, or arrangement of the Company that would be considered in determinin</font><font style="display: inline;font-family:Times New Roman;color:#000000;">g &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">whether a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (as defined in Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) &nbsp;</font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">6</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Code), has occurred (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Change of Control Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to 2.99 times Employe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> average compensation, as indicated on such Empl</font><font style="display: inline;font-family:Times New Roman;color:#000000;">oyee&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Form</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> W-2, for the five (5) years ending immediately prior to the year containing the date of the Change of Control (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Safe Harbor Amount</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) if, and only if, reducing the Change of Control Severance Payment would provide </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with a greater net after-tax Change of Control Severance Payment than would be the case if no such reduction took place.&nbsp;&nbsp;The Safe Harbor Amount, as defined herein, is an amount expressed in present value which maximizes the aggregate present value of the Change of Control Severance Payment without causing the Change of Control Severance Payment to be subject to the excise tax under Section 4999 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">and related Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) of the Code (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Excise Tax</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">), determined in accordance with Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(d)(4).&nbsp;&nbsp;Any reduction in the Change of Control Severance Payment shall be implemented in accordance with Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(i)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">Any reduction in payments pursuant to Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) shall apply so as to minimize the amount of compensation that is reduced (i.e., it applies to payments that to the greatest extent represent parachute payments), </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">no reduction shall be applied to an amount that constitutes a defe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">al of compensation under Section 409A except for amounts that have become payable at </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">time of the reduction and as to which the reduction will not result in a non-reduction in a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">corr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">esponding amount that is a deferral of compensation under Section 409A that is not currently payable.</font></font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:5pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining whether the Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Payment will be subject to the Excise Tax and the amount of such Excise Tax:</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(A</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance Payment shall be treated as a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(2), and if it is an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">excess parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(l), it shall be treated as subject to the Excise Tax, unless, and except to the exte</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, in the written opinion of independent compensation consultants, counsel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or auditors of nationall</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">recognized standing (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;Independent </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Advisors</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) sel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ected </font><font style="display: inline;font-family:Times New Roman;color:#000000;">by the Company and reasonably acceptable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, the Change of Control Severance Payment (in whole or in pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) does not constitute a parachute payment, or such excess parachute payment (in whole or in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">par</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) represents reasonable compensation for services actually rendered within the mea</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing of Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b)(4) in excess of the base amount within the meaning of Section 280G(b)(3) or are otherwise not subject to the Excise Tax.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:14pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(B)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">The value of any non-cash benefits or any defer</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed payment or benefit shall be determined by the Independent Advisors in accordance with the principles of Sections</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G(d)(3) and (4).</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:76pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining reductions in compensation pursuant to this Section 7(b), if any, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> will be deemed (A) to pay federal income taxes at the applicable rates of federal income taxation for the calendar year in whic</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the compensation would be payable; and (B) to pay any applicable state and local income taxes at the applicable rates of taxation for the calendar year in which the compensation would be payable, taking into account any effect on federal income taxes from payment of state and local income taxes.&nbsp;&nbsp;Compensation will be adjusted not later than the applicable deadline under Section 409A to provide for accurate payments under the cut-back provision of this Section 7(b), but after any such deadline no further adjustment will be made if it would result in a tax penalty under Section 409A.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Furthermore, notwithstanding anything in this Agreement to the contrary, aggregate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payments, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation </font><font style="display: inline;font-family:Times New Roman;color:#000000;">payments </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and/or similar payments made to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> pursuant to this Agreement and otherwise shall be limited to the equivalent of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> salary paid during the three (3) completed fiscal years ended prior to the Date of Termination, including </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonuses and guaranteed benefits paid during those years.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">CONFIDENTIAL INFORMATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company will also be parties to one or more separate agreements respecting confidential information, trade secrets, inventions and non-competition</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, including but not limited to the Employee </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">7</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">Proprietary Information Agreement,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">(collectively, </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">IP Agreements</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">). </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">The pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">t</font><font style="display: inline;font-family:Times New Roman;">ies </font><font style="display: inline;font-family:Times New Roman;">agree that the IP Agreements shall not be superseded or </font><font style="display: inline;font-family:Times New Roman;">term</font><font style="display: inline;font-family:Times New Roman;">inated by this Agreement and s</font><font style="display: inline;font-family:Times New Roman;">hall </font><font style="display: inline;font-family:Times New Roman;">survive any termination of this Agreement; provided, however, that to the extent that there is any conflict or overlap between the provisions of this Agreement and any of the IP Agreements, those provisions that provide the Company with the greatest rights and protections shall control.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">9. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">SUCCESSORS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is personal to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and without the prior w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itten consent of the Company shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be assignable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> otherwise than by will or the laws of descent and distribution. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be enforceable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same </font><font style="display: inline;font-family:Times New Roman;color:#000000;">mann</font><font style="display: inline;font-family:Times New Roman;color:#000000;">er and to the same extent that the Company would be required to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> it if no such succession had taken place.&nbsp;&nbsp;As used in this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean CryoLife as hereinbefore def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed and any successor to its business and/or assets as aforesaid which assumes and agrees to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> this Agreement by operation of law, or otherwise.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">10. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">COMPLIANCE WITH SECTION 409A.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is intended to comply with, or otherwise be exempt from, Section</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">409A of the Code and any regulations and Treasury guidance promulgated thereunder.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> agree that they will execute any and all amendments to this Agreement as they mutually agree in good faith may be necessary to ensure compliance with Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company makes no representation or warranty as to the tax effect of any of the preceding provisions, and the provisions of this Agreement shall not be cons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ued as a guarantee by the Company of any particular tax effect to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.&nbsp;&nbsp;The Company shall not be liable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or any other person for any payment made under this Agreement which is determined to result in the imposition of an excise tax, penalty or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">11. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">MISCELLANEOUS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall be governed by and construed in accordance with the laws </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the State of Georgia, without reference to principles of conflict of laws.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Both the Executive and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company expressly consent to the exclusive venue of and personal jurisdiction within the state and federal courts located in Georgia for any lawsuit arising from or related to this Agreement</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The captions of t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement are not part of the provisions hereof and shall have no force and effect. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">All notices and other communications hereunder shall be in writing and shall be given by hand delivery (which shall include delivery via Federal Express or UPS) to the other p</font><font style="display: inline;font-family:Times New Roman;color:#000000;">art</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">8</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">: &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Jean F. Holloway, Esq.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">297 East Paces Ferry Road, NE 1701N</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Atlanta, GA&nbsp;&nbsp;30305</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the Company: </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">1655 Roberts Boulevard, </font><font style="display: inline;font-family:Times New Roman;">N.W</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Kennesaw, G</font><font style="display: inline;font-family:Times New Roman;">A</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;3</font><font style="display: inline;font-family:Times New Roman;">0144</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Attention:&nbsp;&nbsp;Chief Executive Officer</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">or to such other address as either pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">ty shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreeme</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the application of such provision to any other person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be </font><font style="display: inline;font-family:Times New Roman;color:#000000;">reformed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the extent (and only to the extent) necessary to make it valid, enforceable and legal; provided, however, if the provision so held to be invalid, unenforceable or otherwise illegal cannot be refo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed so as to be valid&nbsp;&nbsp;and enforceable, then it shall be severed from, and shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">affect the enforceability of, the remaining provisions of the Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company may withhold from any amounts payable </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under </font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (f)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement supersedes any Change of Control Agreements previously entered into by and between Executive and Company and, along with the Employee Proprietary Information Agreements and other agreements noted herein, embodies the entire agreement between the parties with respect to the subject matter addressed herein.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">IN WITNESS WHEREOF, the pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ties hereto have executed t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement as of the date first above written.</font>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ Jean F. Holloway</font></p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">Jean F. Holloway</font></p>
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			<font style="display: inline;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">CRYOLIFE, INC.</font>
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						&nbsp;</p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">By:</font></p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ J. Patrick Mackin</font></p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">J. Patrick Mackin</font></p>
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						<font style="display: inline;font-family:Times New Roman;color:#000000;">Chairman, President and CEO</font></p>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>c199-20161122xex10_4.htm
<DESCRIPTION>EX-10.4
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.3.0.196-->
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		<title>
			8K COC Agmts Exh Lee  11-22-16
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		<p style="margin:0pt 0pt 10pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">

			&nbsp;

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			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Exhibit 10.4</font>

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		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;text-transform:uppercase;font-size:11pt;">CRYOLIFE, INC.</font>
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		<p style="margin:12pt 0pt 0pt;border-top:1pt none #D9D9D9 ;line-height:100%;text-align:center;font-family:Times New Roman;font-weight:bold;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">Change of Control Severance Agreement</font>
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			<font style="display: inline;font-family:Times New Roman;">This </font><font style="display: inline;font-family:Times New Roman;">Change of Control Severance Agreement</font><font style="display: inline;font-family:Times New Roman;"> (this &#x201C;Agreement&#x201D;) dated as of the </font><font style="display: inline;font-family:Times New Roman;">21</font><font style="display: inline;font-family:Times New Roman;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">day of </font><font style="display: inline;font-family:Times New Roman;">November</font><font style="display: inline;font-family:Times New Roman;">, 20</font><font style="display: inline;font-family:Times New Roman;">16</font><font style="display: inline;font-family:Times New Roman;"> is </font><font style="display: inline;font-family:Times New Roman;">made and entered into </font><font style="display: inline;font-family:Times New Roman;">by and between </font><font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font><font style="display: inline;font-family:Times New Roman;">, a Florida corporation (&#x201C;CryoLife&#x201D; or the &#x201C;Company&#x201D;) and</font><font style="display: inline;font-family:Times New Roman;"> D. Ashley Lee</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x201D;).</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">RECITALS</font>
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			<font style="display: inline;font-family:Times New Roman;">1. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control.&nbsp;&nbsp;T</font><font style="display: inline;font-family:Times New Roman;">he Board of Directors of the Company</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;Board&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">, upon the recommendation of </font><font style="display: inline;font-family:Times New Roman;">its </font><font style="display: inline;font-family:Times New Roman;">Compensation Committee, has determined that it is in the best interests of the Company and its shareholders to enter into this Change of Control Agreement in order to assure that the Company will have the continued dedication of </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined herein) of the Company</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<font style="display: inline;font-family:Times New Roman;">2. The Board believes that it is in the best interests of the Company and its stockholders to provide Executive with an incentive to continue Executive&#x2019;s employment and to motivate Executive to maximize the value of the Company upon a Change in Control for the benefit of the stockholders.</font>
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			<font style="display: inline;font-family:Times New Roman;">3. The Board believes it is imperative to provide Executive with certain severance</font><font style="display: inline;font-family:Times New Roman;"> benefits upon Executive&#x2019;s termination of employment both prior to and following a Change in Control.&nbsp;&nbsp;These benefits will provide Executive with enhanced financi</font><font style="display: inline;font-family:Times New Roman;">al security and incentive and e</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">ouragement to remain with the Company notwithstanding the possibility of a Change in Control. </font>
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			<font style="display: inline;font-family:Times New Roman;">4.&nbsp;&nbsp;Certain capitalized terms used in the Agreement are as defined below. </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">AGREEMENT</font>
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			<font style="display: inline;font-family:Times New Roman;">NOW, THEREFORE, in consideration of the</font><font style="display: inline;font-family:Times New Roman;"> mutual covenants contained herein, the parties hereto agree as follows:&nbsp; </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">1. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">CERTAIN DEFINITIONS.</font></font>
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Effective Date</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the first date during the Change of Control Period (as defined herein) on which a Change of Control occurs.&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, if the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s employment with the Company is Terminated by the Company without Cause or by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason (as such terms are defined herein) within the six (6) month period prior to the date on which the Change of Control occurs and if such Change of Control is consummated (such a Termination of employment, an &#x201C;Anticipatory Termination&#x201D;), then for all purposes of this Agreement the &#x201C;Effective Date&#x201D; means the date immediately prior to the date of such Termination of employment.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control Period</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; means the period commencing on the date hereof and ending on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, commencing on</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> December 31 of the year above, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and each </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary of such date (such date and each such </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-year anniversary thereof, the &#x201C;Renewal Date&#x201D;) unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">one </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) year from such Renewal Date, unless, at least thirty (30) days prior to the next Renewal Date, the Company shall give notice to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that the Change of Control Period shall not be so extended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Affiliated Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">means any company controlled by, controlling or under common control with the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change of Control</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a change in the ownership or effective control of, or in the ownership of a substantial portion of the assets of, the Company, as described in paragraphs (i) through (iii) below.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Ownership of the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of the Company shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires ownership of the Company stock that, together with the Company stock held by s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">uch </font><font style="display: inline;font-family:Times New Roman;color:#000000;">person or group, constitutes more than 50% of the total voting power of the stock of the Company.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, is considered to own more than 50% of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">total voting power of the stock of the Company, the acquisition of additional the Company stock by such person or persons shall not be considered to cause a change in the ownership of the Company&nbsp;&nbsp;or to cause a change in the effective control of the Company (within the meaning of paragraph (ii) below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An increase in the percentage of the Company stock owned by any one person, or persons acting as a group (within </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">meaning of paragraph (iv)), as a result of a transaction in which the Company acquires its stock in exchange for property, sha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ll </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be treated as an acquisition of stock for purposes of this paragraph (i).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except as provided in (B) above, the provisions of this paragraph (i) shall apply only to the transfer or issuance of the Company stock if such stock remains outstanding after such transfer or issuance.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change in Effective Control of the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in the effective control of the Company shall occur on the date that either of (1) or (2) below occurs:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company possessing 30% or more of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the total voting power of the stock of the Company (the provisions of Sections l(d)(i) (B) and (C) above shall apply equally to this Section l(d)(ii)(A)(l); or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A maj</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ori</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty of the members of the Company Board of Directors are replaced during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the Board of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Directors prior to the date of the appointment or election.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A change in effective con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol of the Company also may occur with respect to any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ansaction in which either of the Company or the other entity involved in a transaction described in paragraph (iii) experiences a Change of Control event described in paragraphs (i) or (iii).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (C)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), is considered to effectively control the Company (within the meaning of this paragraph (ii)), the acquisition of additional control of the Company by the same person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or persons shall not be considered to cause a change in the effective control of the Company (or to cause a change in the ownership of the Company within the meaning of paragraph (i)).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 3pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Change</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;"> in </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Ownership of a Substantial Portion of </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">e &nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Com</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">p</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">an</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Assets</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;A change in the ownership of a substantial portion of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s assets shall occur on the date that any one person, or more than one person acting as a group (within the meaning of paragraph (iv)), other than a group of which </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is a member, acquires (or has acquired during the twelve (12) month period ending on the date of the most recent </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">2</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">acquisition by such person or persons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> assets from the Company that have a total gross fair market value (within the meaning of paragraph (iii)(B)) equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (A)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A transfer of the Company's assets shall not be treated as a change in the ownership of such assets if the assets are transferred to one or more of the following:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (1)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A shareholder of the Company (i</font><font style="display: inline;font-family:Times New Roman;color:#000000;">mmediately </font><font style="display: inline;font-family:Times New Roman;color:#000000;">before the asset transfer) in exchange for or with respect to Company stock;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (2)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (3)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">A person, or more than one person acting as a group (within the meaning of paragraph (iv)) that owns, directly or indirectly, 50% or more of the total value or voting power of all of the outstanding stock of the Company; or</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:126pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:126pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (4)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii)(A)(3).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii)(A), and except as otherwise provided herein, a person</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s status is determined immediately after the transfer of assets.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:99pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2A2A2A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (B)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this paragraph (iii), gross fair market value means the value of all the Company assets, or the value of the assets being </font><font style="display: inline;font-family:Times New Roman;color:#000000;">disposed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of, determined without regard to any liabilities ass</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ociated</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with such assets.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 4pt 0pt 0pt;"> (iv)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of this Section 1(d), persons shall be considered to be acting as a group if they are owners of an entity that enters into a merger, consolidation, purchase, or acquisition of assets, or similar business transaction with the Company.&nbsp;&nbsp;If a person, including an entity shareholder, owns stock in the Company and another entity with which the Company enters into a merger, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">consolidation, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">purcha</font><font style="display: inline;font-family:Times New Roman;color:#000000;">se, or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">acquis</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of stock, or similar</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">busine</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ss </font><font style="display: inline;font-family:Times New Roman;color:#000000;">transaction, such shareholder shall be considered to be acting as a group with the other shareholders in a corporation only to the extent of the ownership&nbsp;&nbsp;in that corporation prior to the transaction giving rise to the change and not with respect to the ownership interest in the other corporation.&nbsp;&nbsp;Persons shall not be considered to be acting as a group solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s stock.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;font-size:11pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;;;padding:0pt 6pt 0pt 0pt;"> (v)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Under no circumstances shall the reincorporation of the Company in a different state, or any action or inaction taken in furtherance thereof, constitute a Change of Control under this Agreement, including but not limited to efforts to end incorporation in the current state of incorporation or alterations to equity that facilitate such a</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#2D2D2D;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Terminate</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">2. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company acknowledge that the employment of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> by the Company is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">at will,</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall have no rights under this Agreement unless </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is Terminated by the Company without Cause or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with Good Reason during the period commencing on the Effective Date and ending on the second </font><font style="display: inline;font-family:Times New Roman;color:#000000;">first </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anniversary of such date.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">3</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">3. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMS OF AT WILL EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The terms of Executive&#x2019;s at will employment, as recorded in the Employee Proprietary Information Agreement executed by the Executive and </font><font style="display: inline;font-family:Times New Roman;">the Company</font><font style="display: inline;font-family:Times New Roman;">, are incorporated herein.</font><font style="display: inline;font-family:Times New Roman;"></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">4. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">TERMINATION OF EMPLOYMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">For purposes of this Agreement, &#x201C;Cause&#x201D; shall mean:&nbsp; </font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(i) </font><font style="display: inline;font-family:Times New Roman;">an</font><font style="display: inline;font-family:Times New Roman;"> act of fraud, embezzlement, theft or any other material violation of law that occurs during or in the course of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s employment with the Company;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(ii) </font><font style="display: inline;font-family:Times New Roman;">intentional</font><font style="display: inline;font-family:Times New Roman;"> or grossly negligent</font><font style="display: inline;font-family:Times New Roman;"> damage by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assets;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iii) </font><font style="display: inline;font-family:Times New Roman;">intentional </font><font style="display: inline;font-family:Times New Roman;">or grossly negligent </font><font style="display: inline;font-family:Times New Roman;">disclosure by </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of the Compan</font><font style="display: inline;font-family:Times New Roman;">y&#x2019;s </font><font style="display: inline;font-family:Times New Roman;">confidential info</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ation contrary to the Company policies;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(iv) </font><font style="display: inline;font-family:Times New Roman;">material breach of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">'s obligations under </font><font style="display: inline;font-family:Times New Roman;">th</font><font style="display: inline;font-family:Times New Roman;">is Agreement</font><font style="display: inline;font-family:Times New Roman;"> or any other Agreement with the Company</font><font style="display: inline;font-family:Times New Roman;">;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(v) </font><font style="display: inline;font-family:Times New Roman;">engagement </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">in any activity w</font><font style="display: inline;font-family:Times New Roman;">hich </font><font style="display: inline;font-family:Times New Roman;">would constitute a breach of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s duty of</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">loyalty or of the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s assigned duties;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt 0pt 0pt 81pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">(vi) </font><font style="display: inline;font-family:Times New Roman;">breach by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> of any of the company&#x2019;s policies and procedures;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(vii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">the willful and continued failure by </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> to perform the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;"> assigned duties (other than as a result of incapacity due to physical or mental illness); or</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;font-family:Times New Roman;">(viii) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;">willful conduct </font><font style="display: inline;font-family:Times New Roman;">by the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> that is </font><font style="display: inline;font-family:Times New Roman;">demonstrably </font><font style="display: inline;font-family:Times New Roman;">and materially injurious to the Company, monetarily or otherwise.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Good Reason</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;For purposes of this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Good Reason</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean the as</font><font style="display: inline;font-family:Times New Roman;color:#000000;">signment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, without the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> consent, of any duties materially inconsistent with the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> position (including changes in status, offices, or titles and any change in the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s reporting requirements that would cause </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to report to an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> who is junior in seniority to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">employee </font><font style="display: inline;font-family:Times New Roman;color:#000000;">to whom </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> reports), authority, duties or responsibilities, determined as of the later of the date of this Agreement or the date of any modification to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s pos</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ition</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (including status, offices, titles and reporting requirements, as described above), authority, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">duties </font><font style="display: inline;font-family:Times New Roman;color:#000000;">or responsibilities that is agreed to by </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, or any other action by the Company that results in a material </font><font style="display: inline;font-family:Times New Roman;color:#000000;">diminution</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in such position, authority, duties, responsibilities or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> aggregate compensation, excluding for this purpose an isolated, insubstantial and inadver</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ent action taken in good faith and which is remedied by the Company within thirty (30) days after receipt of notice thereof given by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (each of these an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Event</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for purposes of this Section 4(b)).&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> must notify the Company of any Event that constitutes Good Reason within ninety (90) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s knowledge of the existence of such Event or such Event shall not constitute Good Reason under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Notice of Termination</font><font style="font-family:Times New Roman;border-bottom-style:solid;border-bottom-width:1pt;color:#000000;height:100%;text-indent:0pt;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Any Termination by the Company for Cause, or by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for Good Reason, shall be communicated by Notice of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Term</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination to the other pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ty hereto given in accordance with Section 11(b) of this Agreement.&nbsp;&nbsp;For purposes of this Agreement, a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Notice of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means a written notice which (i) indicates the specific te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rmination </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s employment </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under the provision so indicated and (iii) specifies the termination date (w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ich date shall not be more than thirty (30) days after the giving of such notice; </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">if </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> is </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inating for Good Reason such date shall not be less than thirty (30) nor more than forty-five (45) days after giving of such notice). The failure by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Good Reason or Cause shall not waive any right of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, hereunder or preclude the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Company, respectively, from asserting such fact or circumstance in enforcing the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or the Compan</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> rights hereunder.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3B3B3B;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Date of Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> means the date of receipt of the Notice of Termination, or any later date specified therein, as the case may be. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall take all steps necessary (including with regard to any post-Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination services by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to ensure that any Termination described in this Section 4 constitutes a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation from service</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 409A of the Code, and notwithstanding </font><font style="display: inline;font-family:Times New Roman;color:#000000;">anything</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> contained herein to the contrary, the date on which the separation from service takes place shall be the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:40pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">(e) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:7pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Covenants Necessary to the </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Company&#x2019;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">s Business</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The covenants recorded in the Employee Proprietary Information Agreement executed by the Executive and the Company are incorporated herein, including but not limited to the covenant not to compete, the covenant regarding customer solicitation and interference, and the covenant regard</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing solicitation of employees.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Officer covenants and agrees that the payment of any Severance Payment (as def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed </font><font style="display: inline;font-family:Times New Roman;color:#000000;">in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 5(e)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> below</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) shall be subject to and expressly conditioned upon Office</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> compliance with the covenants set forth in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Employee Propri</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tary Information Agreement, which have been incorporated herein</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Should Officer fail to comply with these covenants, the Company shall not be required to make the Severance Payment (or any portion of the Severance Payment that remains unpaid), and the Officer shall be required to repay any portion of the Severance Payment that the Officer has already received from the Company.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">5. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">OBLIGATIONS OF THE COMPANY UPON TERMINATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> employment without Cause, or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">inate employment for Good Reason, then the Company shall pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Severance Payment (defined below).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;text-decoration:underline;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be an amount equal to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">two (2</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) times the aggregate of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s base salary as of the Date of Termination and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation for the year in which the Termination of employment occurs.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus </font><font style="display: inline;font-family:Times New Roman;color:#000000;">compensation for purposes of this Section 5(b), if the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs before the awarding of bonuses for the year in which the Date of Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination occurs, the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus compensation component of the Severance Payment shall be computed based on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s most recent awarded </font><font style="display: inline;font-family:Times New Roman;color:#000000;">cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonus</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Cash b</font><font style="display: inline;font-family:Times New Roman;color:#000000;">onus compensation shall include </font><font style="display: inline;font-family:Times New Roman;color:#000000;">only</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Annual Bonus paid in cash and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">shall specifically exclude </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the value of any non-cash bonuses, such as options or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">restricted </font><font style="display: inline;font-family:Times New Roman;color:#000000;">stock.&nbsp;&nbsp;For the sake of cla</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ification, all cash paid in payment of all or a portion of the bonus pursuant to the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s 2007 Executive Incentive Plan or any successor thereto shall be bonus compensation for purposes of this Agreement for the year in which paid or issued. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Severance Payment shall be payable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (i)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Except for the group health plan benefits payments or as otherwise provided herein, t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he Severance Payment, if any is due hereunder, shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">'s Date of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Te</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, unless the Termination is an Anticipatory Termination</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:81pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 5pt 0pt 0pt;"> (ii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In the event of an Anticipatory Termination, the Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, except for the group health plan benefits payments,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall be paid to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in a lump sum not later than thirty (30) days following the date of the Change of Control.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">5</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:100%;text-indent:81.35pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="text-indent:0pt;margin-left:0pt; padding-right:2.65000000000001pt;"><font style="display: inline;font-family:Times New Roman;">(iii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;">Notwithstandin</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;"> the </font><font style="display: inline;font-family:Times New Roman;">foregoing, if </font><font style="display: inline;font-family:Times New Roman;">any </font><font style="display: inline;font-family:Times New Roman;">amount </font><font style="display: inline;font-family:Times New Roman;">paid </font><font style="display: inline;font-family:Times New Roman;">pursuant to this Section 5(b) </font><font style="display: inline;font-family:Times New Roman;">is defe</font><font style="display: inline;font-family:Times New Roman;">rr</font><font style="display: inline;font-family:Times New Roman;">ed compensation within the meaning of Section 409A of the Code and as of the Date of Te</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">mination </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> is a Specified Employee, amounts that would otherwise be payable during the six-month period </font><font style="display: inline;font-family:Times New Roman;">im</font><font style="display: inline;font-family:Times New Roman;">mediately following the </font><font style="display: inline;font-family:Times New Roman;">Date </font><font style="display: inline;font-family:Times New Roman;">of Te</font><font style="display: inline;font-family:Times New Roman;">rm</font><font style="display: inline;font-family:Times New Roman;">ination shall instead be paid, with interest on any delayed payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code, on the first business day after the date that is six months following </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">separation from service</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> within the meaning of Section 409A of the Code (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Delayed Payment Date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;As used in this Agreement, the term </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> as de</font><font style="display: inline;font-family:Times New Roman;">fin</font><font style="display: inline;font-family:Times New Roman;">ed in Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Code</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">).&nbsp;&nbsp;By way of clarification, </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">specified employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> means a </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">key employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> (as defined in Section 416(i) of the Code, disregarding Section</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">416(i)(5) of the Code) of the Company.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> shall be treated as a key employee if the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;"> meets the requirement of Section 416(i)(l)(A)(i), (ii), or (iii) at any time d</font><font style="display: inline;font-family:Times New Roman;">ur</font><font style="display: inline;font-family:Times New Roman;">ing the twelve (12) month period ending on an </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;For purposes of any </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Specified Employee</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> determination hereunder, the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">identification date</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> shall mean the last day of each calendar year.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Medical Coverage.&nbsp;&nbsp;In addition, group health plan coverage for the Executive and covered dependents, with the same contribution by the Executive, will be provided as part of the Severance Payment for the lesser of eighteen (18) months following the Date of Termination or until the Executive is provided comparable benefits by another employer.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#3A3A3A;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Separation Agreement and Release of Claims.&nbsp;&nbsp;The receipt of any Severance Payment pursuant to this Agreement will be subject to the Executive signing and not revoking a separation agreement and release of claims in a form provided by the Company (the &#x201C;Release&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, which may include restatements of covenants contained in the Employee Proprietary Information Agreement among others,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and provided that such Release becomes effective and irrevocable no later than sixty (60) days following the termination date (such deadline, the &#x201C;Release Deadline&#x201D;). If the Release does not become effective and irrevocable by the Release Deadline, Executive will forfeit any rights to severance under this Agreement.&nbsp;&nbsp;In no event will </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be paid or provided until the Release becomes effective and irrevocable.&nbsp;&nbsp;Except as required by Section 5(b)(iii), any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> that would have been made to Executive prior to the Release becoming effectiv</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and irrevocable but for the preceding sentence will be paid to Executive on the first regularly scheduled Company payroll date following the date the Release becomes effective and irrevocable, and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> remaining payments will be made as provided in the Agreement.&nbsp; </font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">6. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">FULL SETTLEMENT.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">In no event shall the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under any of the provisions of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">th</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement and such amounts shall not be reduced whether or not the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> obtains other employment. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company agrees to pay, to the full extent pe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itted&nbsp;&nbsp;by law, all legal fees and expenses which the may reasonably incur as a result of any contest by the Company or </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with respect to liability under or the interpretation of the validity or enforceability of, any provision of this Agreement, but only in the event and to the extent that (i) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> receives a final, non-appealable judgment&nbsp;&nbsp;in his favor in any such action or receives a final judgment in his favor that has not been appealed by the Company within thirty (30) days of the date of the judgment; or (ii) the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">part</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ies agree to dismiss any such</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">action upon the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s payment of the sums allegedly due the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ance of the covenants by the Company allegedly breached by it.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:31pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">7. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">PAYMENT CUT-BACK.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Notwithstanding anything to the contrary contained herein, the Company will not pay to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> any excise tax gross up pursuant to this Agreement or any other agreement between </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company.&nbsp;&nbsp;Further notwithstanding anything to the contrary contained herein, the Company shall reduce any payment contingent on a Change of Control pursuant to any plan, agreement, or arrangement of the Company that would be considered in determinin</font><font style="display: inline;font-family:Times New Roman;color:#000000;">g &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">whether a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> (as defined in Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp;(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) &nbsp;</font>
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		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">6</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div></td></tr></table><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td><p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Code), has occurred (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Change of Control Severance Payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) to 2.99 times Employe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> average compensation, as indicated on such Empl</font><font style="display: inline;font-family:Times New Roman;color:#000000;">oyee&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Form</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> W-2, for the five (5) years ending immediately prior to the year containing the date of the Change of Control (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Safe Harbor Amount</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) if, and only if, reducing the Change of Control Severance Payment would provide </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with a greater net after-tax Change of Control Severance Payment than would be the case if no such reduction took place.&nbsp;&nbsp;The Safe Harbor Amount, as defined herein, is an amount expressed in present value which maximizes the aggregate present value of the Change of Control Severance Payment without causing the Change of Control Severance Payment to be subject to the excise tax under Section 4999 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">(</font><font style="display: inline;font-family:Times New Roman;color:#000000;">and related Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) of the Code (the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Excise Tax</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">), determined in accordance with Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(d)(4).&nbsp;&nbsp;Any reduction in the Change of Control Severance Payment shall be implemented in accordance with Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b).</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(i)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">Any reduction in payments pursuant to Section </font><font style="display: inline;font-family:Times New Roman;color:#000000;">7</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) shall apply so as to minimize the amount of compensation that is reduced (i.e., it applies to payments that to the greatest extent represent parachute payments), </font><font style="display: inline;font-family:Times New Roman;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">no reduction shall be applied to an amount that constitutes a defe</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">al of compensation under Section 409A except for amounts that have become payable at </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">time of the reduction and as to which the reduction will not result in a non-reduction in a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">corr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">esponding amount that is a deferral of compensation under Section 409A that is not currently payable.</font></font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:5pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(ii)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining whether the Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Payment will be subject to the Excise Tax and the amount of such Excise Tax:</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:17pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(A</font><font style="display: inline;font-family:Times New Roman;color:#000000;">)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Change of Con</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ol Severance Payment shall be treated as a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(2), and if it is an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">excess parachute payment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> within the meaning of Section 280G(b)(l), it shall be treated as subject to the Excise Tax, unless, and except to the exte</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that, in the written opinion of independent compensation consultants, counsel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">or auditors of nationall</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">recognized standing (</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;Independent </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Advisors</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) sel</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ected </font><font style="display: inline;font-family:Times New Roman;color:#000000;">by the Company and reasonably acceptable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, the Change of Control Severance Payment (in whole or in pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) does not constitute a parachute payment, or such excess parachute payment (in whole or in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">par</font><font style="display: inline;font-family:Times New Roman;color:#000000;">t) represents reasonable compensation for services actually rendered within the mea</font><font style="display: inline;font-family:Times New Roman;color:#000000;">n</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing of Section 280</font><font style="display: inline;font-family:Times New Roman;color:#000000;">G</font><font style="display: inline;font-family:Times New Roman;color:#000000;">(b)(4) in excess of the base amount within the meaning of Section 280G(b)(3) or are otherwise not subject to the Excise Tax.</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:99pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:14pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(B)</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">The value of any non-cash benefits or any defer</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed payment or benefit shall be determined by the Independent Advisors in accordance with the principles of Sections</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">280G(d)(3) and (4).</font></font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:76pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#333333;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 8pt 0pt 0pt;"> (iii)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">For purposes of dete</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ining reductions in compensation pursuant to this Section 7(b), if any, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> will be deemed (A) to pay federal income taxes at the applicable rates of federal income taxation for the calendar year in whic</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the compensation would be payable; and (B) to pay any applicable state and local income taxes at the applicable rates of taxation for the calendar year in which the compensation would be payable, taking into account any effect on federal income taxes from payment of state and local income taxes.&nbsp;&nbsp;Compensation will be adjusted not later than the applicable deadline under Section 409A to provide for accurate payments under the cut-back provision of this Section 7(b), but after any such deadline no further adjustment will be made if it would result in a tax penalty under Section 409A.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#262626;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Furthermore, notwithstanding anything in this Agreement to the contrary, aggregate </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Severance Payments, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">separation </font><font style="display: inline;font-family:Times New Roman;color:#000000;">payments </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and/or similar payments made to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> pursuant to this Agreement and otherwise shall be limited to the equivalent of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;s</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> salary paid during the three (3) completed fiscal years ended prior to the Date of Termination, including </font><font style="display: inline;font-family:Times New Roman;color:#000000;">any </font><font style="display: inline;font-family:Times New Roman;color:#000000;">bonuses and guaranteed benefits paid during those years.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">8. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">CONFIDENTIAL INFORMATION.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the Company will also be parties to one or more separate agreements respecting confidential information, trade secrets, inventions and non-competition</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, including but not limited to the Employee </font>
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		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">7</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">Proprietary Information Agreement,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">(collectively, </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">IP Agreements</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">). </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">The pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">t</font><font style="display: inline;font-family:Times New Roman;">ies </font><font style="display: inline;font-family:Times New Roman;">agree that the IP Agreements shall not be superseded or </font><font style="display: inline;font-family:Times New Roman;">term</font><font style="display: inline;font-family:Times New Roman;">inated by this Agreement and s</font><font style="display: inline;font-family:Times New Roman;">hall </font><font style="display: inline;font-family:Times New Roman;">survive any termination of this Agreement; provided, however, that to the extent that there is any conflict or overlap between the provisions of this Agreement and any of the IP Agreements, those provisions that provide the Company with the greatest rights and protections shall control.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:32pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">9. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;">SUCCESSORS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is personal to the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and without the prior w</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">itten consent of the Company shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">be assignable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> otherwise than by will or the laws of descent and distribution. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be enforceable by the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same </font><font style="display: inline;font-family:Times New Roman;color:#000000;">mann</font><font style="display: inline;font-family:Times New Roman;color:#000000;">er and to the same extent that the Company would be required to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> it if no such succession had taken place.&nbsp;&nbsp;As used in this Agreement, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> shall mean CryoLife as hereinbefore def</font><font style="display: inline;font-family:Times New Roman;color:#000000;">in</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed and any successor to its business and/or assets as aforesaid which assumes and agrees to perfo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> this Agreement by operation of law, or otherwise.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">10. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">COMPLIANCE WITH SECTION 409A.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:13pt;"><font style="display: inline;font-family:Times New Roman;color:#000000;">(a) </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement is intended to comply with, or otherwise be exempt from, Section</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">409A of the Code and any regulations and Treasury guidance promulgated thereunder.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> agree that they will execute any and all amendments to this Agreement as they mutually agree in good faith may be necessary to ensure compliance with Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#363636;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company makes no representation or warranty as to the tax effect of any of the preceding provisions, and the provisions of this Agreement shall not be cons</font><font style="display: inline;font-family:Times New Roman;color:#000000;">tr</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ued as a guarantee by the Company of any particular tax effect to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> under t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement.&nbsp;&nbsp;The Company shall not be liable to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Executive</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or any other person for any payment made under this Agreement which is determined to result in the imposition of an excise tax, penalty or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:27pt;"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">11. </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">MISCELLANEOUS.</font></font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 15pt 0pt 0pt;"> (a)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement shall be governed by and construed in accordance with the laws </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the State of Georgia, without reference to principles of conflict of laws.&nbsp; </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Both the Executive and </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Company expressly consent to the exclusive venue of and personal jurisdiction within the state and federal courts located in Georgia for any lawsuit arising from or related to this Agreement</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (b)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The captions of t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement are not part of the provisions hereof and shall have no force and effect. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective successors and legal representatives.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (c)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">All notices and other communications hereunder shall be in writing and shall be given by hand delivery (which shall include delivery via Federal Express or UPS) to the other p</font><font style="display: inline;font-family:Times New Roman;color:#000000;">art</font><font style="display: inline;font-family:Times New Roman;color:#000000;">y or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">8</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the </font><font style="display: inline;font-family:Times New Roman;">Executive</font><font style="display: inline;font-family:Times New Roman;">: &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">D. Ashley Lee</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">4365 N. Buckhead Drive, NE</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Atlanta, GA&nbsp;&nbsp;30342</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If to the Company: </font>
		</p>
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		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">CryoLife, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">1655 Roberts Boulevard, </font><font style="display: inline;font-family:Times New Roman;">N.W</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Kennesaw, G</font><font style="display: inline;font-family:Times New Roman;">A</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;3</font><font style="display: inline;font-family:Times New Roman;">0144</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Attention:&nbsp;&nbsp;Chief Executive Officer</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:81pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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			<font style="display: inline;font-family:Times New Roman;">or to such other address as either pa</font><font style="display: inline;font-family:Times New Roman;">r</font><font style="display: inline;font-family:Times New Roman;">ty shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee.</font>
		</p>
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		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (d)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">If any provision of this Agreement or the application of any provision hereof to any person or circumstance is held invalid, unenforceable or otherwise illegal, the remainder of this Agreeme</font><font style="display: inline;font-family:Times New Roman;color:#000000;">nt</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the application of such provision to any other person or circumstance shall not be affected, and the provision so held to be invalid, unenforceable or otherwise illegal shall be </font><font style="display: inline;font-family:Times New Roman;color:#000000;">reformed</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> to the extent (and only to the extent) necessary to make it valid, enforceable and legal; provided, however, if the provision so held to be invalid, unenforceable or otherwise illegal cannot be refo</font><font style="display: inline;font-family:Times New Roman;color:#000000;">rm</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ed so as to be valid&nbsp;&nbsp;and enforceable, then it shall be severed from, and shall </font><font style="display: inline;font-family:Times New Roman;color:#000000;">not </font><font style="display: inline;font-family:Times New Roman;color:#000000;">affect the enforceability of, the remaining provisions of the Agreement.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:54pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 14pt 0pt 0pt;"> (e)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">The Company may withhold from any amounts payable </font><font style="display: inline;font-family:Times New Roman;color:#000000;">under </font><font style="display: inline;font-family:Times New Roman;color:#000000;">t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 0pt 54pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 100%;text-indent:54pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Times New Roman;color:#343434;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-size:11pt;;;padding:0pt 16pt 0pt 0pt;"> (f)</font>
			<font style="display: inline;font-family:Times New Roman;color:#000000;">This Agreement supersedes any Change of Control Agreements previously entered into by and between Executive and Company and, along with the Employee Proprietary Information Agreements and other agreements noted herein, embodies the entire agreement between the parties with respect to the subject matter addressed herein.</font></p></td></tr></table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">IN WITNESS WHEREOF, the pa</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ties hereto have executed t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">h</font><font style="display: inline;font-family:Times New Roman;color:#000000;">is Agreement as of the date first above written.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:257.4pt;">
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				<td valign="top" style="width:257.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
				</td>
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				<td valign="top" style="width:257.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ D. Ashley Lee</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:257.40pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">D. Ashley Lee</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;color:#000000;">CRYOLIFE, INC.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:257.4pt;">
			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">&#xFEFF;</font></p>
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				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 10pt;line-height:115%;font-family:Calibri;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">/s/ J. Patrick Mackin</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font></p>
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				<td valign="top" style="width:221.40pt;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">J. Patrick Mackin</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:36.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font></p>
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				<td valign="top" style="width:221.40pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-family:Times New Roman;color:#000000;">Chairman, President and CEO</font></p>
				</td>
			</tr>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 10pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font><font style="display: inline;font-family:Times New Roman;font-size:8pt;">9</font><font style="display: inline;font-family:Times New Roman;font-size:8pt;"></font>

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