AMENDMENT NO. 1 TO THE ARCA DISCOVERY, INC.

EX-10.2 7 dex102.htm AMENDMENT NO. 1 TO ARCA 2004 STOCK INCENTIVE PLAN Amendment No. 1 to ARCA 2004 Stock Incentive Plan

Exhibit 10.2

AMENDMENT NO. 1

TO THE ARCA DISCOVERY, INC.

2004 STOCK INCENTIVE PLAN

The ARCA Discovery, Inc. 2004 Stock Incentive Plan is hereby amended as set forth below:

1. The first sentence of Section 4 is hereby deleted and replaced with the following sentence:

Subject to adjustment as provided in Section 15 hereof, the number of shares of Stock available for issuance under the Plan shall be 2,954,694.

The remaining sentences of Section 4 shall not be amended.

2. Capitalized terms as used in this Amendment No. 1 (this “Amendment”) and not otherwise defined in this Amendment, shall have the meanings assigned to them in the Plan. The Plan shall otherwise be unchanged by this Amendment.

* * * * *


This Amendment was duly adopted by the board of directors of ARCA Discovery, Inc. by unanimous written consent on February 17, 2006, and approved by the written consent of the stockholders of ARCA Discovery, Inc. on February 17, 2006, in accordance with Section 16.2 of the Plan.

 

ARCA DISCOVERY, INC.
By:  

/s/ Christopher D. Ozeroff

  Christopher D. Ozeroff, Secretary

 

- 2 -