Exhibit 10.50
2000
STOCK OPTION PLAN – AMENDMENT NO. 4
The 2000 Stock Option Plan of Arinco Computer Systems Inc., as
amended (the “Plan”), is hereby further amended
as follows:
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1.
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Section 5(a) of the Plan is hereby amended in its entirety
to read as follows:
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“Subject to Section 9, the aggregate number of shares
of Stock in respect of which Options may be granted under the
Plan is 8,000,000;”
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2.
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The last sentence of Section 3 of the Plan is hereby
amended in its entirety to read as follows:
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“The expiration date of the Plan, on and after which no
Options may be granted hereunder, shall be March 28, 2015;
PROVIDED, HOWEVER, that no Incentive Stock Options shall be
granted after March 28, 2010. The administration of the
Plan shall continue in effect until all matters relating to the
payment of Options previously granted have been settled.”
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3.
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The name of the Plan is hereby changed from the “Arinco
Computer Systems Inc. 2000 Stock Option Plan” to the
“Neurologix, Inc. 2000 Stock Option Plan.”
Furthermore, Section 2(g) is hereby amended as follows:
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“Company” means Neurologix, Inc.”
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4.
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Except for the foregoing amendments set forth in
paragraphs 1, 2 and 3 above, all of the terms and
conditions of the Plan shall remain in full force and effect.
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