BLUEPOINT LINUX SOFTWARE CORP EMPLOYEE BENEFIT PLAN
PURPOSE. This Employee Benefit Plan (the "Plan"), is designated to provide
for awards of the Company's common stock to selected employees, who,individually
or as members of a group, contribute in a substantial degree to the success of
the Company, thus affording them a means of participating in that success and
an incentive to contribute to that further success. There will be no sale of
stock to employees under this plan.
DEFINITIONS. The following works and phrases as used herein shall have the
meaning set forth below:
"Company" shall mean Vector Energy Corporation
"Employee" shall mean any officer, employee of and consultant or
adviser to the Company.
"Share" shall mean one share of the Company's common stock, $.001 par
value.
"Board" shall mean the Board of Directors of the Company.
ADMINISTRATION. The Plan shall be administered by the Board of Directors. The
Board of Directors may, at its discretion, establish a Committee to administer
the plan. The Board of Directors or the Committee may establish rules and
regulations to effectively carry out the Plan and shall take any necessary
actions to further the Plan'spurpose.
ELIGIBILITY. The individuals eligible to receive awards under the Plan shall
be employees of Bluepoint Linux Software Corp. who the Board or Committee feel
are deserving of such an award.
SOURCE OF AWARDS. The Board of Directors of the Company shall designate
400,000 Shares for awards pursuant to this Plan. There is no guarantee that
all 400,000 shares will be issued.
AWARDS. The Board or its Committee shall determine the awards to be made from
time to time to the Employees. The Board or its Committee shall take into
consideration the recommendations of management and fellow employees in making
its determinations.
PAYMENT OF AWARDS. The number of Shares of each award shall be delivered to
the Employee as soon as practicable after the award is granted.
FINALITY OF DETERMINATIONS. Each determination made by the Board or its
committee shall be final and shall be binding and conclusive for all purposes
and upon all persons and the Board.
LIMITATIONS. No Employee of the Company shall have any right (legal, equitable,
or otherwise) to be granted an award under the Plan, nor shall the existence of
the Plan give any Employee the right to be retained in the employ of the
Company.
AMENDMENT OR TERMINATION.The Board of Directors of the Company may discontinue
the Plan at any time and may from time to time amend the terms of the Plan.
TERM OF THE PLAN.
Awards under this Plan shall be for recognition of employees efforts from
January 1, 2000 to December 31, 2000. The plan will effectively terminate on
January 1, 2002.
This Plan is hereby approved by the Members of the Board of Directors of Blue-
point Linux Software Corp. effective this 30th day of November, 2000.
By:/s/______________________________
Yu Deng, President & Director
By:/s/______________________________
Zhe Kang, Treasurer, Vice-President & Director
By:/s/______________________________
Yihuo Ye, Director
By:/s/______________________________
Shengmiao Liao, Secretary, Vice-President& Director
By:/s/_______________________________
Ling Li, Director
