2000 STOCK OPTION PLAN
This Logisoft Corp. 2000 Stock Option Plan is intended to advance the interests of the Company and its stockholders by
attracting, retaining and motivating key personnel of the Company upon whose judgment, initiative and effort the Company is
largely dependent for the successful conduct of its business, and to encourage and enable such persons to acquire and retain a
proprietary interest in the Company by ownership of its stock. Options granted under the Plan may either be “incentive stock
options” intended to qualify as such under the Internal Revenue Code, or “nonqualified stock options,” which are not intended
to so qualify.
(a) “Board” means the Board of Directors of the Company or any Committee.
(b) “Code” means the Internal Revenue Code of 1986, as amended.
(c) “Common Stock” means the Company’s Common Stock, par value $.00001 per share.
(d) “Committee” means any committee of the Board, including the Compensation Committee, which the Board has from
time to time been authorized by the Board to administer the Plan.
(e) “Company” means Logisoft Corp., a Delaware corporation.
(f) “Date of Grant” means the date on which an Option becomes effective in accordance with Section 6.1 hereof.
(g) “Eligible Person” means any person who is an employee, officer, director, consultant or advisor of the Company or any
Subsidiary, or any person who is determined by the Board to be a prospective employee, officer, director, consultant or advisor
of the Company or any Subsidiary.
(h) “Employee” means any person who is an employee of the Company or any Subsidiary; provided, however, that with
respect to Incentive Stock Options, “Employee” means any person who is considered an employee of the Company or any
Subsidiary for purposes of Treasury Regulation Section 1.421-7(h).
(i) “Exchange Act” means the Securities Exchange Act of 1934, as amende