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<SEC-DOCUMENT>0000950123-10-090375.txt : 20100930
<SEC-HEADER>0000950123-10-090375.hdr.sgml : 20100930
<ACCEPTANCE-DATETIME>20100930140920
ACCESSION NUMBER:		0000950123-10-090375
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20100930
DATE AS OF CHANGE:		20100930
EFFECTIVENESS DATE:		20100930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITH MICRO SOFTWARE INC
		CENTRAL INDEX KEY:			0000948708
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				330029027
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-169671
		FILM NUMBER:		101098807

	BUSINESS ADDRESS:	
		STREET 1:		51 COLUMBIA
		STREET 2:		STE 200
		CITY:			ALISO VIEJO
		STATE:			CA
		ZIP:			92656
		BUSINESS PHONE:		9493625800

	MAIL ADDRESS:	
		STREET 1:		51 COLUMBIA
		STREET 2:		STE 200
		CITY:			ALISO VIEJO
		STATE:			CA
		ZIP:			92656
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>a57399sv8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML>
<HEAD>
<TITLE>sv8</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 10pt">Registration No.&nbsp;333-&#95;&#95;&#95;&#95;&#95;&#95;&#95;&#95;
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt; margin-top: 6pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<DIV align="center" style="font-size: 11pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 11pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 6pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 11pt; margin-top: 6pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 11pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
Under<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 2px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>SMITH MICRO SOFTWARE, INC.</B>
</DIV>

<DIV align="center" style="font-size: 12pt">
(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>33-0029027</B><BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>51 Columbia, Suite&nbsp;200<BR>

Aliso Viejo, CA 92656</B><BR>

(Address of Principal Executive Offices)</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt">
<B>SMITH MICRO SOFTWARE, INC. EMPLOYEE STOCK PURCHASE PLAN</B><BR>

(Full title of the plan)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 6pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<B>William W. Smith, Jr.<BR>

President and Chief Executive Officer<BR>

Smith Micro Software, Inc.<BR>

51 Columbia, Suite&nbsp;200<BR>

Aliso Viejo, CA 92656<BR>

(949)&nbsp;360-5800</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
(Telephone number, including area code, of agent for service)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Copy to:</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B>Allen Z. Sussman, Esq.<BR>

Reed Smith LLP<BR>

355 South Grand Ave.<BR>

Suite&nbsp;2900<BR>

Los Angeles, CA 90071<BR>

(213)&nbsp;457-8000</B></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 6pt">
<DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 6pt; width: 20%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>


</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">

<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000"><FONT style="white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Large
accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>

<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000"><FONT style="white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated
filer <FONT style="font-family: Wingdings">&#120;</FONT></FONT>
</TD>





<TR valign="bottom">


<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000"><FONT style="white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-accelerated filer <FONT style="font-family: Wingdings">&#111;</FONT></FONT>
</TD>


<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000"><FONT style="white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Smaller reporting company <FONT style="font-family: Wingdings">&#111;</FONT></FONT></TD>
</TR>


<TR valign="bottom">

<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000;  border-bottom: 1px solid #000000"><FONT style="white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Do no check if a smaller reporting company.)</FONT></TD>



<TD align="left" valign="top" style="border-left: 1px solid #000000; border-top: 1px solid #000000; border-right: 1px solid #000000; border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Proposed maximum</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amount</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>securities</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>to be</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>offering price per share</B><SUP style="FONT-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>aggregate offering</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be registered</B></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>registered</B><SUP style="FONT-size: 85%; vertical-align: text-top">(1)</SUP></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 0px solid #000000"></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>price</B><SUP style="FONT-size: 85%; vertical-align: text-top">(2)</SUP></TD>
    <TD style="border-right: 0px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>fee</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, $.001
par value per share</DIV></TD>
    <TD style="border-right: 0px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000">1,000,000</TD>
    <TD style="border-right: 0px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 1px solid #000000">$9.40</TD>
    <TD style="border-right: 0px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 1px solid #000000">$9,400,000</TD>
    <TD style="border-right: 0px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>

<TD align="center" valign="bottom" style="border-top: 1px solid #000000">$672</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 0px double #000000">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;),
this Registration Statement includes an indeterminate number of additional shares which may be
offered and issued to prevent dilution from stock splits, stock dividends or similar
transactions as provided in the above-referenced plan.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee. Pursuant to Rules
457(h) and (c), the proposed maximum aggregate offering price for these shares which may be
issued under the Plan is based on the average of the high and low sales prices of the Common
Stock as reported on the Nasdaq Global Market for September&nbsp;23, 2010 as quoted in <I>The Wall
Street Journal</I>, similar reliable publication or online service.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: 'Times New Roman',Times,serif">

<!--TOC-->
<!--/TOC-->


<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The document(s) containing the information specified in Part&nbsp;I are not required to be filed
with the Securities and Exchange Commission (the &#147;Commission&#148;) as part of this Form S-8
Registration Statement in accordance with Rule&nbsp;428 of the Securities Act of 1933, as amended (the
&#147;1933 Act&#148;) and will be delivered to participants in accordance with such rule.</DIV>

<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><B>INFORMATION REQUIRED IN THE<BR>
REGISTRATION STATEMENT</B>

</DIV>
<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Company with the Commission are incorporated in this
Registration Statement by reference and made a part of this Registration Statement:</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company&#146;s latest annual report on Form 10-K filed pursuant to Section 13(a) of
the Securities Exchange Act of 1934, as amended (the &#147;1934 Act&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the
1934 Act since the end of the fiscal year covered by the annual report on Form 10-K referred
to in paragraph (a)&nbsp;above; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any description of the Common Stock which is contained in a registration statement
filed by the Company pursuant to the 1934 Act, including any amendment or report filed for
the purpose of updating such description.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d) of the 1934
Act on or subsequent to the filing of the annual report on Form 10-K referred to in paragraph (a)
above and prior to the filing of a post-effective amendment which indicates that all securities
offered hereby have been sold or which deregisters all securities then remaining unsold shall be
deemed to be incorporated by reference in this Registration Statement and to be a part hereof from
the date of filing of such documents.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated or deemed to be incorporated by reference
in this Registration Statement shall be deemed to be modified or superseded for purposes of this
Registration Statement to the extent that a statement contained in this Registration Statement or
in any other contemporaneously or subsequently filed document which also is or is deemed to be
incorporated by reference in this Registration Statement modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You may read and copy registration statements, reports, proxy statements and other information
filed by the Company at the public reference room maintained by the Commission at 100 F Street,
N.E., Washington, D.C. 20549. You can call the Commission for further information about its public
reference room at 1-800-732-0330. Such material is also available at the Commission&#146;s website at
http://www.sec.gov.</DIV>

<!-- link2 "Item&nbsp;4. Description of Securities" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 18pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->II-1<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</DIV>

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers</B>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;145 of the Delaware General Corporation Law, the Registrant has broad powers to
indemnify its directors and officers against liabilities they may incur in such capacities,
including liabilities under the Securities Act. As permitted by the Delaware General Corporation
Law, the Registrant&#146;s certificate of incorporation includes a provision that permits the
elimination of personal liability of its directors for monetary damages for breach of fiduciary
duty as a director, to the fullest extent permitted by the Delaware General Corporation Law as it
now exists or as it may be amended. The Delaware General Corporation Law permits limitations of
liability for a director&#146;s breach of fiduciary duty other than liability:</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><Font face="wingdings"><B>&#167;</B></font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for any breach of the director&#146;s duty of loyalty to the Registrant or its stockholders;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><Font face="wingdings"><B>&#167;</B></font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for acts or omissions not in good faith or that involve intentional misconduct or a knowing
violation of law;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><Font face="wingdings"><B>&#167;</B></font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for unlawful payments of dividends or unlawful stock repurchases or redemptions, as
provided under Section&nbsp;174 of the Delaware General Corporation Law; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><Font face="wingdings"><B>&#167;</B></font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>for any transaction from which the director derived an improper personal benefit</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s bylaws authorize the indemnification of its officers, directors, employees
and agents to the fullest extent permitted by the Delaware General Corporation Law. The Registrant
maintains directors&#146; and officers&#146; liability insurance. In addition, the Registrant has entered
into indemnification agreements with its directors and certain of its officers.</DIV>

<!-- link2 "Item&nbsp;7. Exemption From Registration Claimed" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption From Registration Claimed.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</DIV>

<!-- link2 "Item&nbsp;8. Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Exhibit&nbsp;Index, containing a list of all exhibits filed with this Registration Statement, is
included on page II-6.</DIV>

<!-- link2 "Item&nbsp;9. Undertakings" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material
information with respect to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information in the
Registration Statement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(2)That, for the purpose of determining any liability under the Securities Act
of 1933, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide offering
thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(3)To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->II-2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The undersigned registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the registrant&#146;s annual
report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that
is incorporated by reference in this Registration Statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering
thereof.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the registrant has been advised
that in the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other than the payment
by the registrant of the expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final adjudication of
such issue.</TD>
</TR>


</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->II-3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Pursuant to the requirements of the Securities Act, the registrant, Smith Micro Software,
Inc., certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Aliso Viejo, State of California, on
September 29, 2010.</B></DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">

<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<tr>
<td>&nbsp;</td>
</tr>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>SMITH MICRO SOFTWARE, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top"><B>By:&nbsp;</B></TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left"><b>/s/ William W. Smith, Jr.</b>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<tr>
<td>&nbsp;</td>
</tr>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>William W. Smith, Jr.</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>President and Chief Executive Officer</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>POWER OF ATTORNEY</B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person whose signature appears below constitutes and appoints William W. Smith, Jr. and
Andrew C. Schmidt, and each of them, as attorneys-in-fact, each with the power of substitution, for
him in any and all capacities, to sign any amendment to this Registration Statement and to file the
same, with exhibits thereto and other documents in connection therewith, with the Securities and
Exchange Commission, granting to said attorneys-in-fact, full power and authority to do and perform
each and every act and thing requisite and necessary to be done in connection therewith, as fully
to all intents and purposes as he might or could do in person, hereby ratifying and confirming the
said attorney-in-fact or his substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in the capacities indicated on
this 29th day of September, 2010.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><U>Name</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><U>Title</U></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William W. Smith, Jr.<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William W. Smith, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and Chairman<BR>&nbsp;(principal
executive officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Andrew C. Schmidt<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Andrew
C. Schmidt
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer<BR> (Principal Financial and&nbsp;Accounting
Officer)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Thomas G. Campbell<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Thomas
G. Campbell
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Samuel
Gulko<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Samuel
Gulko
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Ted L. Hoffman<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Ted L. Hoffman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><U>Name</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><U>Title</U></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ William C. Keiper<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
William C. Keiper
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James E. Straight<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
James E. Straight
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SMITH MICRO SOFTWARE, INC.</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><B>Employee Stock Purchase Plan</B>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 10%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>REGISTRATION STATEMENT<BR>
ON FORM S-8</B>

</DIV>
<!-- link1 "Exhibit&nbsp;Index" -->

<DIV align="Center" style="font-size: 10pt; margin-top: 12pt"><U>Exhibit&nbsp;Index</U>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center"><U>Exhibit No.</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><U>Document</U></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal year
ended December&nbsp;31, 2009, as amended.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company&#146;s Quarterly Report
on Form&nbsp;10-Q for the quarter
ended March&nbsp;31, 2010.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company&#146;s Quarterly Report
on Form&nbsp;10-Q for the quarter
ended June&nbsp;30, 2010.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Company&#146;s Current Reports on Form&nbsp;8-K filed on February
24, 2010; April&nbsp;19, 2010; May&nbsp;3, 2010; May&nbsp;5, 2010; June&nbsp;25,
2010; August&nbsp;3, 2010; August&nbsp;4, 2010; and September 21, 2010.</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Reed Smith LLP as to the legality of the shares of
Common Stock, filed herewith.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.11
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Smith Micro Software, Inc. Amended
&#38; Restated Employee Stock Purchase Plan.</TD>
</TR><TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Reed Smith LLP (contained in the opinion filed as
Exhibit&nbsp;5.1 hereto).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of SingerLewak LLP, independent registered public
accounting firm, filed herewith.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney, filed herewith as part of the signature
pages.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: -3pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Incorporated herein by reference.</TD>
</TR>

</TABLE>




<P align="center" style="font-size: 10pt"><!-- Folio -->II-6<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>a57399exv5w1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="a57399a5739900.gif" alt="(REED SMITH LOGO)">
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Reed Smith LLP<BR>
2500 One Liberty Place<BR>
1650 Market Street<BR>
Philadelphia, PA 19103<BR>
&#043;1 215 851 8100<BR>
Fax &#043;1 215 851 1420<BR>
reedsmith.com
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September&nbsp;29, 2010
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Smith Micro Software, Inc.<BR>
51 Columbia, Suite&nbsp;200<BR>
Aliso Viejo, CA 92656

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as counsel to Smith Micro Software, Inc. (the &#147;Company&#148;) in connection with the
Registration Statement (the &#147;Registration Statement&#148;) relating to up to 1,000,000 shares of Common
Stock, par value $.001 per share, of the Company (the &#147;Common Stock&#148;) which may be issued or
delivered to eligible employees of the Company under the Company&#146;s Employee Stock Purchase Plan, as
amended (the &#147;Plan&#148;). In rendering our opinion below, we have assumed that any shares of Common
Stock which have been reacquired and are then delivered under the Plan will have been duly
authorized, validly issued and fully paid at the time of their original issuance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with this opinion, we have examined, among other things:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Articles of Incorporation of the Company, as amended to
date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Bylaws of the Company, as amended to date;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the resolutions adopted by the Board of Directors of the Company
adopting the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the resolutions adopted by the shareholders of the Company
approving the Plan;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the resolutions adopted by the Board of Directors of the Company
approving the filing of the Registration Statement; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(6)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Plan.</TD>
</TR>

</TABLE>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based upon the foregoing and upon an examination of such other documents, proceedings, statutes, decisions and questions
of law as we considered necessary in order to enable us to furnish this opinion, and subject to the assumptions set
forth above, we are pleased to advise you that in our opinion the 1,000,000 shares of Common Stock being registered
and which may be issued or delivered by the Company pursuant to the provisions of the Plan have been duly authorized
in accordance with Delaware law, and upon such issuance in accordance with the provisions of the Plan such shares
will be validly issued, fully paid and nonassessable.
</div>
<DIV align="center" style="font-size: 6pt; margin-top: 18pt;"><B>NEW YORK &#345; LONDON &#345; HONG KONG &#345; CHICAGO &#345; WASHINGTON, D.C. &#345; BEIJING &#345; PARIS &#345; LOS ANGELES &#345; SAN FRANCISCO &#345; PHILADELPHIA &#345; PITTSBURGH<BR>
OAKLAND &#345; MUNICH &#345; ABU DHABI &#345; PRINCETON &#345; NORTHERN VIRGINIA &#345; WILMINGTON &#345; SILICON VALLEY &#345; DUBAI &#345; CENTURY CITY &#345; RICHMOND &#345; GREECE</B>
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 22pt; margin-top: 12pt">Reed Smith
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>SMITH MICRO SOFTWARE, INC.</B><BR>
September 29, 2010<BR>
Page 2

</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In rendering the foregoing opinion, we have not examined the laws of any jurisdiction other
than the laws of the State of Delaware and federal laws of the United States of America and the
foregoing opinion is limited to such laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the filing of this opinion as an Exhibit to the Registration Statement
and to the use of our name in the Prospectus under the caption &#147;Legal Opinion&#148;.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
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    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
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    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">/s/ Reed Smith LLP
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">REED SMITH LLP&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
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<TYPE>EX-10.11
<SEQUENCE>3
<FILENAME>a57399exv10w11.htm
<DESCRIPTION>EX-10.11
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>Exhibit&nbsp;10.11</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AMENDED &#038; RESTATED<BR>
SMITH MICRO SOFTWARE, INC.<BR>
EMPLOYEE STOCK PURCHASE PLAN</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>(Effective July&nbsp;30, 2010)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;1.</B>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Purpose</B></U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Smith Micro Software, Inc. Employee Stock Purchase Plan is intended to provide a method
whereby Employees of the Company will have an opportunity to purchase shares of the Common Stock of
the Company through payroll deductions. It is the intention of the Company that the Plan qualify
as an &#147;employee stock purchase plan&#148; under Section&nbsp;423 of the Code. The provisions of the Plan
shall be construed so as to extend and limit participation in a manner consistent with the
requirements of that section of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;2.</B>&nbsp;&nbsp;&nbsp;&nbsp;<B>Definitions</B>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Board&#148; shall mean the Board of Directors of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Code&#148; shall mean the Internal Revenue Code of 1986, as amended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Committee&#148; shall mean the Compensation Committee of the Board, including any successor
committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Common Stock&#148; shall mean the common stock of the Company, without par value.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Company&#148; shall mean Smith Micro Software, Inc.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Designated Percentage&#148; shall mean the percentage described in Section&nbsp;5.2 of the Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Eligible Compensation&#148; shall mean the basic rate of compensation established by the
Company for the services of an Employee, including overtime and merit salary increases paid during
the year, but shall exclude all other forms of compensation, including, by way of illustration and
not limitation, bonuses, commissions, payments in lieu of vacation, all non-regular payments,
payments to health, retirement, unemployment, death, long-term disability (other than short-term
non-occupational illness), or any other similar plan generally classified as a welfare or pension
plan, any special purpose payments such as car or expense allowances, moving expenses, educational
payments, and any other non-basic payments, as such compensation appears on the books and records
of the Company for services rendered to the Company, determined prior to any contractual reductions
related to contributions under a &#147;qualified cash or deferred arrangement&#148; (as determined under
Section 401(k) of the Code and its applicable regulations) or under a &#147;cafeteria plan&#148; (as defined
under Section&nbsp;125 of the Code and its applicable regulations). The Committee shall have the
authority from time to time to approve the inclusion or deletion of any or all forms of
compensation in or from the definition of, Eligible Compensation and may change the definition on a
prospective basis, subject, however, to Code Section&nbsp;423(b)(5).
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Employee&#148; shall mean any employee of the Company during the relevant Purchase Period,
including any officer of the Company; provided, that the Committee shall have the authority to
exclude (i)&nbsp;employees who have been employed less than 90&nbsp;days; (ii)&nbsp;employees whose customary
employment is for not more than five months in any calendar year; and (iii)&nbsp;employees who currently
participate in the Company&#146;s Executive Stock Program.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Offering Date&#148; shall mean the first business day of each Purchase Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10&nbsp;&nbsp;&nbsp;&#147;Fair Market Value&#148; shall mean the closing price of a share of Common Stock in the NASDAQ
on the relevant date, or, if no sale shall have been made on such exchange on that date, the
closing price in the NASDAQ on the last preceding day on which there was a sale.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11&nbsp;&nbsp;&nbsp;&#147;Participant&#148; shall mean a participant in the Plan as described in Section&nbsp;III of the
Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12&nbsp;&nbsp;&nbsp;&#147;Plan&#148; shall mean this Smith Micro Software, Inc. Employee Stock Purchase Plan, as
amended from time to time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13&nbsp;&nbsp;&nbsp;&#147;Purchase Date&#148; shall mean the last business day of each Purchase Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14&nbsp;&nbsp;&nbsp;&#147;Purchase Period&#148; shall mean a six month period or other period as determined by the
Committee pursuant to Section&nbsp;4.2.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;3.</B>&nbsp;&nbsp;&nbsp;<U><B>Eligibility, Participation and Withdrawal</B></U><B>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Eligibility</U>. Any Employee employed by the Company on an Offering Date shall be
eligible to participate in the Plan with respect to the Purchase Period commencing on such Offering
Date, and options to purchase Common Stock can be granted only to Employees of the Company. No
Employee may be granted an option under the Plan if immediately after an option is granted the
Employee owns or is considered to own (within the meaning of Code Section&nbsp;424(d)), shares of
capital stock, including stock which the Employee may purchase by conversion of convertible
securities or under outstanding options granted by the Company, possessing 5% or more of the total
combined voting power or value of all classes of stock of the Company. All Employees who
participate in the Plan shall have the same rights and privileges under the Plan except for
differences which are consistent with Code Section&nbsp;423(b)(5).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Enrollment</U><I>. </I>An Employee who is eligible to participate in the Plan may become a
Participant beginning with the first payroll date following the commencement of a Purchase Period
by filing, during the enrollment period prior to an applicable Offering Date prescribed by the
Committee, a completed payroll deduction authorization in the manner specified with the Human
Resources Department of the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payroll Deductions</U><I>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An eligible Employee may authorize payroll deductions at the rate of any whole percentage
of the Employee&#146;s Eligible Compensation, not to exceed 10% or such other percentage as specified by
the Committee prior to the commencement of a Purchase Period. All payroll deductions may be held
by the Company and commingled with its other corporate funds.
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">No interest shall be paid or credited to the Participant with respect to such payroll
deductions except where required by local law or as determined by the Committee. A separate
bookkeeping account for each Participant shall be maintained by the Company under the Plan, and the
amount of each Participant&#146;s payroll deductions shall be credited to such account. A Participant
may not make any additional payments into such account.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp; Subject to such limitations, if any, as prescribed by the Committee, a Participant may
prospectively initiate an increase or decrease to his or her rate of payroll deductions for any
Purchase Period in accordance with and by such time as is established under the Company&#146;s then
applicable procedures for changing payroll deductions, which at a minimum shall permit a
Participant to increase or decrease his or her rate of payroll deductions on the first day of any
purchase period by filing a new payroll deduction authorization form with the Company at least 30
days prior to such dates. If a Participant has not followed such procedures to change the rate of
payroll deductions, the rate of payroll deductions shall continue at the originally elected rate
throughout the Purchase Period and future Purchase Periods unless reduced to reflect a change by
the Committee in the maximum permissible rate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withdrawal</U><I>.</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under procedures established by the Committee, a Participant may discontinue payroll
deductions under the Plan at any time during, or following, a Purchase Period. If a Participant
has not followed such procedures to discontinue the payroll deductions, the rate of payroll
deductions shall continue at the originally elected rate throughout the Purchase Period and future
Purchase Periods unless reduced to reflect a change by the Committee in the maximum permissible
rate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp; If a Participant discontinues participation during a Purchase Period, his or her
accumulated payroll deductions will be used to purchase shares of the Company&#146;s Common Stock in
accordance with this Plan, but no further payroll deductions will be made from his or her pay
during such Purchase Period or future Purchase Periods; provided, however, a Participant&#146;s
withdrawal will not have any effect upon his or her eligibility to elect to participate in any
succeeding Purchase Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination of Employment</U><I>. </I>In the event any Participant terminates employment
with the Company for any reason (including death or disability or failure to return to active
employment following a paid leave of absence) prior to the expiration of a Purchase Period, the
Participant&#146;s participation in the Plan shall terminate, and all amounts credited to the
Participant&#146;s account shall be refunded to the Participant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;4.</B>&nbsp;&nbsp;&nbsp; <U><B>Offerings</B></U><B>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorized Shares</U><I>. </I>The maximum number of shares of Common Stock which may be
issued pursuant to the Plan shall be One Million (1,000,000) shares, subject to adjustment as
provided in Section&nbsp;7. The shares which may be issued under the Plan may be either authorized but
unissued shares or treasury shares or partly each, or shares purchased on the open market, as
determined from time to time by the Board. If on any Purchase Date the number of shares otherwise
purchasable by Participants is greater than the number of shares then remaining available under the
Plan, the Committee shall allocate the available shares among the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Participants in such manner as it deems fair and which complies with the requirements of Code
Section&nbsp;423 for employee stock purchase plans.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase Periods</U><I>. </I>Each Purchase Period shall be determined by the Committee.
Unless otherwise determined by the Committee, (i)&nbsp;the duration of each Purchase Period shall be 6
months, (ii)&nbsp;the first Purchase Period shall commence October&nbsp;1, 2010, and (iii)&nbsp;subsequent
Purchase Periods shall run consecutively for successive 6-month periods after the termination of
the preceding Purchase Period. The Committee shall have the power to change the commencement date
or duration of future Purchase Periods, without shareholder approval, and without regard to the
expectations of any Participants; provided, that in no event shall the duration of any Purchase
Period exceed five years in the case of a Purchase Period during which the purchase price of any
stock option is stated in terms of a percentage of the Fair Market Value of the Common Stock on the
Purchase Date, or 27&nbsp;months in the case of a Purchase Period during which the purchase price of any
stock option is stated in terms of a percentage of the Fair Market Value of the Common Stock on the
Offering Date or the Purchase Date. In the event of the proposed liquidation or dissolution of the
Company or a proposed sale of all or substantially all of the stock or assets of the Company or the
merger or consolidation of the Company with or into another corporation, then the Committee may, in
its sole discretion, establish a date on or before the date of consummation of such liquidation,
dissolution, sale, merger or consolidation, which date shall be the ending date of the then current
Purchase Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;5.</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Grant of Options</B></U><B>.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Grant of Options</U><I>. </I>On the Offering Date for each Purchase Period, each eligible
Employee who has elected to participate as provided in Section&nbsp;3.2 shall be granted an option to
purchase the number of shares of Common Stock which may be purchased with the payroll deductions to
be accumulated in an account maintained on behalf of such Employee assuming (i)&nbsp;payroll deductions
throughout the Purchase Period (at a rate to be determined by the Committee) of the Employee&#146;s
Eligible Compensation as of the Offering Date, and (ii)&nbsp;a purchase price equal to the Designated
Percentage (as defined in Section&nbsp;5.2) of Fair Market Value as of the Offering Date.
Notwithstanding the preceding sentence:
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of shares which may be purchased by any Participant on the first
Purchase Date to occur in any calendar year may not exceed the lesser of (i)&nbsp;the number of
shares determined by dividing $25,000 by the Fair Market Value of a share of Common Stock on
the Offering Date for the Purchase Period ended on such Purchase Date or (ii)&nbsp;a fixed amount
of shares to be determined by the Committee with respect to each calendar year and
applicable to all Participants, which amount shall initially be One Thousand (1,000) shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of shares which may be purchased by a Participant on any subsequent
Purchase Date in the same calendar year shall not exceed the number of shares determined by
performing the calculation below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Step One: Multiply the number of shares purchased by the Participant on each previous
Purchase Date in the same calendar year by the Fair Market Value of a share of Common Stock on the
Offering Date for the Purchase Period ended on such Purchase Date.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Step Two: Subtract the amount(s) determined in Step One from $25,000.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Step Three: Divide the remainder amount determined in Step Two by the Fair Market Value of a
share of Common Stock on the Offering Date for the Purchase Period ending on the Purchase Date for
which the calculation is being performed. The quotient thus obtained is the maximum number of
shares which may be purchased by the Participant on such Purchase Date, subject to a lesser maximum
number of shares which may be fixed from time to time by the Committee with respect to each
calendar year and applicable to all Participants, which amount shall initially be One Thousand
(1,000) shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase Price</U><I>. </I>The option price of each option shall be 85% (the &#147;Designated
Percentage&#148;) of the Fair Market Value on the Purchase Date on which the Common Stock is purchased.
Notwithstanding the foregoing sentence, the Committee may change the Designated Percentage with
respect to any future Purchase Period, but not below 85%, and the Committee may determine with
respect to any prospective Purchase Period that the option price shall be the Designated Percentage
of the lower of (i)&nbsp;the Fair Market Value of the Common Stock on the Offering Date on which an
option is granted, or (ii)&nbsp;the Fair Market Value of the Common Stock on the Purchase Date on which
the Common Stock is purchased.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>$25,000 Limitation</U><I>. </I>Notwithstanding any other provision of the Plan to the
contrary, no Employee participating in the Plan shall be granted an option which permits the
Employee&#146;s rights to purchase Common Stock under the Plan and all Code Section&nbsp;423 employee stock
purchase plans of the Company to accrue at a rate which exceeds $25,000 in Fair Market Value of
Common Stock (determined at the time such option is granted) for each calendar year in which such
option is outstanding at any time. The preceding sentence shall be interpreted so as to comply
with Code Section&nbsp;423(b)(8).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;6.</B>&nbsp;&nbsp;&nbsp; <U><B>Exercise and Delivery</B></U><B><I>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Automatic Exercise</U><I>. </I>Subject to Section&nbsp;3.5 and the limitation of Section&nbsp;5.1, on
each Purchase Date, a Participant&#146;s option shall be exercised automatically for the purchase of
that number of full and fractional shares of Common Stock which the accumulated payroll deductions
credited to the Participant&#146;s account at that time shall purchase at the applicable price specified
in Section&nbsp;5.2. All fees associated with the purchase of shares will be paid by the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment</U><I>. </I>The Company shall retain the amount of payroll deductions used to
purchase Common Stock as full payment for the Common Stock, and the Common Stock shall then be
fully paid and non-assessable. No Participant shall have any voting, dividend, or other
shareholder rights with respect to shares subject to any option granted under the Plan until the
shares subject to the option have been purchased and delivered to the Participant as provided in
this Section&nbsp;6.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Delivery</U><I>. </I>Unless and until otherwise determined by the Committee, all shares
purchased under the Plan shall be deposited, in book-entry form or otherwise, directly to an
account established in the name of the Participant. Upon the exercise of an option on each
Purchase Date, the Company shall deliver (by electronic or other means) to the Participant a record
of the Common Stock purchased. The Committee may require that shares purchased
</DIV>




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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">under the Plan be retained for a designated period of time (and may restrict dispositions
during that period) and/or may establish other procedures to permit tracking of disqualifying
dispositions of such shares or to restrict transfer of such shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transferability</U>. Options granted to Participants may not be voluntarily or
involuntarily assigned, transferred, pledged, or otherwise disposed of in any way, and during the
Participant&#146;s lifetime may be exercised only by the Participant. Any attempted assignment,
transfer, pledge, or other disposition shall be null and void and without effect. If a Participant
in any manner attempts to transfer, assign or otherwise encumber his or her rights or interest
under the Plan, other than as permitted by the Code, such act shall be treated as an election by
the Participant to discontinue participation in the Plan pursuant to Section&nbsp;3.4.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;7.</B>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Adjustments</B></U><B><I>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a dividend or other distribution shall be declared upon the Common Stock payable in shares
of the Common Stock, the number of shares of the Common Stock then subject to any outstanding stock
options, the number of shares of the Common Stock subject to the share limit provided herein and
the number of shares which may be issued under the Plan but are not then subject to outstanding
stock options shall be adjusted by adding thereto the number of shares of the Common Stock which
would have been distributable thereon if such shares had been outstanding on the date fixed for
determining the shareholders entitled to receive such stock dividend or distribution.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the Board&#146;s ability to terminate the Plan pursuant to Section&nbsp;9 and the Committee&#146;s
discretion to terminate a Purchase Period pursuant to Section&nbsp;4.2, if the outstanding shares of the
Common Stock shall be changed into or exchangeable for a different number or kind of shares of
stock or other securities of the Company or another corporation, whether through reorganization,
reclassification, recapitalization, stock split-up, combination of shares, merger or consolidation,
then there shall be substituted for each share of the Common Stock which may be issued under the
Plan but which is not then subject to any outstanding stock option, the number and kind of shares
of stock or other securities into which each outstanding share of the Common Stock shall be so
changed or for which each such share shall be exchangeable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In case of any adjustment or substitution as provided for in this Section&nbsp;7, the Committee
shall equitably adjust the formula for determining the Purchase Price of outstanding stock options
in accordance with the requirements of Sections&nbsp;423 and 424 of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any adjustment or substitution provided for in this Section&nbsp;7 requires the approval of
shareholders in order to enable the Company to grant stock options under the Plan, then no such
adjustment or substitution shall be made without the required shareholder approval.
Notwithstanding the foregoing, if the effect of any such adjustment or substitution would be to
cause any outstanding option granted under the Plan to fail to continue to qualify as an option
subject to Sections&nbsp;421 and 423 of the Code or to cause a modification, extension or renewal of
such option within the meaning of Section&nbsp;424 of the Code, the Committee may elect that such
adjustment or substitution not be made but rather shall use reasonable efforts to effect such other
adjustment of each then outstanding stock option as the Committee, in its discretion, shall deem
</DIV>




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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">equitable and which will not result in any disqualification, modification, extension or
renewal (within the meaning of Section&nbsp;424 of the Code) of such outstanding stock option.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;8.</B>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Administration</B></U><B><I>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authority of Committee</U><I>. </I>The Committee will have the authority and responsibility
for the administration of the Plan. The Committee may delegate to one or more individuals or
committees the day-to-day administration of the Plan. The Committee, or its delegate, shall have
full power and authority to promulgate any rules and regulations which it deems necessary for the
proper administration of the Plan, to interpret the provisions and supervise the administration of
the Plan, to make factual determinations relevant to Plan entitlements and to take all action in
connection with administration of the Plan as it deems necessary or advisable. Decisions of the
Committee shall be final and binding upon all Participants. Any decision reduced to writing and
signed by all of the members of the Committee shall be fully effective, as if it had been made at a
meeting of the Committee duly held. The Company shall pay all expenses incurred in the
administration of the Plan. No Board or Committee member shall be liable for any action or
determination made in good faith with respect to the Plan or any option granted hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reports</U><I>. </I>Individual accounts will be maintained for each Participant in the Plan.
Statements of account will be given to Participants at least annually, within such time as the
Committee may reasonably determine, which statements will set forth the amounts of payroll
deductions, the purchase price, and the number of shares purchased.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;9.</B>&nbsp;&nbsp;&nbsp;&nbsp;<U><B>Amendment or Termination of the Plan</B></U><B><I>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board may, in its sole discretion, insofar as permitted by law, terminate or suspend the
Plan, or revise or amend it in any respect whatsoever without shareholder approval except as may be
required by the rules of any stock exchange on which the Common Stock is listed and, without
approval of the shareholders, no such revision or amendment shall (a)&nbsp;increase the number of shares
subject to the Plan, other than an adjustment under Section&nbsp;7 of the Plan, or (b)&nbsp;materially modify
the requirements as to eligibility for participation in the Plan except as otherwise specified in
this Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;10.</B>&nbsp;&nbsp;&nbsp;<U><B>Miscellaneous</B></U><B><I>.</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance with Legal and Exchange Requirements</U><I>. </I>The Company shall not be under
any obligation to issue Common Stock upon the exercise of any option unless and until the Company
has determined that: (i)&nbsp;it and the Participant have taken all actions required to register the
Common Stock under the Securities Act of 1933, or to perfect an exemption from the registration
requirements thereof; (ii)&nbsp;any applicable listing requirement of any stock exchange on which the
Common Stock is listed has been satisfied; and (iii)&nbsp;all other applicable provisions of state,
federal and applicable foreign law have been satisfied.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governmental Approvals</U><I>. </I>This Plan and the Company&#146;s obligation to sell and
deliver shares of its stock under the Plan in any jurisdiction shall be subject to the approval of
any governmental authority required in connection with the Plan or the authorization, issuance,
sale, or delivery of stock hereunder in such jurisdiction.
</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Enlargement of Employee Rights</U><I>. </I>Nothing contained in this Plan shall be
deemed to give any Employee the right to be retained in the employ of the Company or to interfere
with the right of the Company to discharge any Employee at any time. It is not intended that any
rights or benefits provided under this Plan shall be considered part of normal or expected
compensation for purposes of calculating any severance, resignation, end of service payments,
bonuses, long service awards, pension, retirement or similar payments.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing Law</U><I>. </I>This Plan shall be governed by the laws of the State of Delaware
(without regard to conflicts of laws thereof) and applicable Federal law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Effective Date</U><I>. </I>This Plan shall be effective as of April&nbsp;29, 2010, the date of
its effective adoption by the Board, provided that on or prior to April&nbsp;28, 2011, such adoption of
the Plan by the Board must be approved by the affirmative vote of the holders of at least a
majority of the shares of Common Stock represented in person or by proxy and entitled to vote at a
duly called and convened meeting of such holders.
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->- 8 -<!-- /Folio -->
</DIV>

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<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>a57399exv23w2.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML>
<HEAD>
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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><b>Exhibit&nbsp;23.2</b>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the incorporation by reference in this Registration Statement on Form S-8
of Smith Micro Software, Inc. and subsidiaries (collectively, the
&#147;Company&#148;) of our reports<SUP style="FONT-size: 85%; vertical-align: text-top"> </SUP>dated March&nbsp;2, 2010 relating to our audits of the consolidated
financial statements, and the financial statement schedule, and internal control over financial
reporting, which appear in the Annual Report on Form 10-K of the
Company for the year ended December&nbsp;31, 2009.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ SINGERLEWAK LLP<BR>
Los Angeles, California<BR>
September 28, 2010

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
