EXHIBIT 10.03

                         STOCK OPTION AGREEMENT BETWEEN
                  PHOTOVOLTAICS.COM, INC. AND HARVEY JUDKOWITZ

     THIS STOCK OPTION AGREEMENT (the "Agreement") is made effective the 4th day
of January, 2000, between  PHOTOVOLTAICS.COM,  INC., a Delaware corporation (the
"Company"), and HARVEY JUDKOWITZ, a director of the Company ("Optionee").

                                    RECITALS:

A.   The Company has retained Optionee as a director of the Company.
B.   In order to provide  incentives  to  Optionee  in such  capacity,  the
     Company has  determined  to grant to Optionee the right to acquire  certain
     shares  of the  Company's  common  stock  with par value of $0.01 per share
     (hereinafter   called   "Common   Stock"),   all  as  provided  more  fully
     hereinafter,  all subject to the terms,  provisions  and conditions of this
     Agreement.

                                   WITNESSETH:

         1. Grant of Stock Option;  Purchase Price; Expiration Date. The Company
hereby grants to Optionee the right to purchase 50,000 shares of Common Stock at
a  per-share  purchase  price of $1.00,  pursuant to the terms,  provisions  and
conditions  of this  Agreement  (the  shares of Common  Stock  pursuant to which
Optionee  shall acquire the right to purchase are referred to hereinafter as the
"Option Shares"). The option granted hereunder shall expire five years after the
date of this Agreement.  In the event of Optionee's death prior to the otherwise
applicable  expiration  date,  the options  created by this  Agreement  shall be
exercisable for one year after Optionee's death by the legal  representative  of
the estate of  Optionee or the  person(s)  who  acquires  the rights of Optionee
hereunder by bequest or inheritance as a result of the death of Optionee.

         2. Exercise.  Subject to the limitations contained herein, Optionee may
exercise the option created  pursuant to this Agreement at any time or from time
to time after the effective date of this Agreement  until the expiration of such
option as provided herein. If Optionee or Optionee's successor fails to exercise
the  option  created  under this  Agreement  on or before  the  expiration  date
provided  for herein with  respect to such  option,  such option shall expire on
such  expiration  date and be of no  further  force and  effect.  The  option to
purchase  granted  hereunder  shall be exercised by giving written notice to the
Company in compliance with this Agreement. Such notice shall state the number of
Option  Shares  with  respect to which the option is being  exercised  and shall
specify a date which  shall not be less than  fifteen  (15) nor more than thirty
(30) days after the date of such notice,  as the date on which the Option Shares
will be taken up and payment made therefor in cash,  certified or bank cashier's
check, or the equivalent,  at the principal office of the Company. If any law or
regulation  requires  the Company to take any action with  respect to the Option
Shares  specified in such  notice,  then the date of the delivery of such Option
Shares against  payment  therefor shall be extended for the period  necessary to
take such action.  In the event of any failure to take up and pay for the number
of Option Shares specified in such notice on the date set forth therein,  as the
same may be extended by the written agreement of both parties,  such exercise of
this  option may be  terminated  by the Company  with  respect to such number of
Option Shares not taken and paid for.

         3.       Adjustments.

         (a) If the  outstanding  shares of the Common Stock shall be subdivided
into a greater  number of shares or a dividend in Common  Stock shall be paid in
respect of Common Stock,  the per share  purchase  price of the Option Shares in
effect  immediately  prior to such  subdivision  or at the  record  date of such
dividend shall  simultaneously  with the  effectiveness  of such  subdivision or
immediately after the record date of such dividend be  proportionately  reduced.
If the  outstanding  shares of Common  Stock  shall be  combined  into a smaller
number of shares,  the per share  purchase  price of the Option Shares in effect
immediately   prior  to  such  combination   shall,   simultaneously   with  the
effectiveness  of such  combination,  be  proportionately  increased.  When  any
adjustment is required to be made in the per share  purchase price of the Option
Shares,  the number of Option Shares purchasable upon the exercise of the Option
shall be changed to the number determined by dividing (i) an amount equal to the
number of shares issuable upon the exercise of the Option  immediately  prior to
such adjustment, multiplied by the per share purchase price of the Option Shares
in effect  immediately prior to such adjustment,  by (ii) the per share purchase
price of the Option Shares in effect immediately after such adjustment.

         (b) If there shall occur any capital reorganization or reclassification
of the  Common  Stock  (other  than a change  in par value or a  subdivision  or
combination  as  provided  for in  subsection  (a)  immediately  above),  or any
consolidation  or merger of the Company with or into another  corporation,  or a
transfer  of all or  substantially  all of the  assets  of the  Company,  or the
payment of a liquidating  distribution then, as part of any such reorganization,
reclassification,  consolidation,  merger,  sale  or  liquidating  distribution,
lawful  provision shall be made so that Optionee shall have the right thereafter
to receive upon the exercise hereof (to the extent,  if any, still  exercisable)
the kind and amount of shares of stock or other  securities  or  property  which
Optionee would have been entitled to receive if,  immediately  prior to any such
reorganization,  reclassification,  consolidation,  merger,  sale or liquidating
distribution,  as the case may be,  Optionee  had held the  number  of shares of
Common Stock which were then purchasable upon the exercise of the Option. In any
such case,  appropriate  adjustment  (as  reasonably  determined by the Board of
Directors of the Company) shall be made in the application of the provisions set
forth herein with  respect to the rights and  interests  thereafter  of Optionee
such that the provisions set forth in this Section 3 (including  provisions with
respect to  adjustment  of the per share  purchase  price of the Option  Shares)
shall  thereafter  be  applicable,  as nearly as is reasonably  practicable,  in
relation  to any  shares of stock or other  securities  or  property  thereafter
deliverable upon the exercise of the Option.

         4. Shares  Reserved.  The Company will, at all times during the term of
this  Agreement,  reserve and keep available such number of its common shares as
will be sufficient to satisfy the  requirements  of this  Agreement and will pay
all fees and expenses necessarily incurred by the Company in connection with the
issuance of such shares.

         5. Restriction on Issuance of Shares;  Legends. The Company will not be
obligated to sell any Option  Shares  hereunder  unless the Option Shares are at
the time exempt from registration  under the Securities Act of 1933, as amended,
and  applicable  state  securities  laws.  Optionee  shall make such  investment
representations  to the  Company  and shall  consent to the  imposition  of such
legends  on the stock  certificates  as are  necessary,  in the  opinion  of the
Company's  counsel,  to secure to the  Company  an  appropriate  exemption  from
applicable securities laws.

         6. Successors. This Agreement will be binding upon any successor of the
Company.

         7. No  Rights  as  Shareholder.  Optionee  shall  have no  rights  as a
shareholder  by  reason of this  Agreement  and shall  have  only  those  rights
expressly conferred by this Agreement.

         8. Nontransferability.  This option will not be transferable other than
by will or the laws of  descent  or  distribution  or  pursuant  to a  qualified
domestic  relations  order as defined in the Internal  Revenue Code of 1986,  as
amended,  or Title I of the Employee  Retirement Income Security Act of 1974, as
amended, or the rules thereunder, and during the lifetime of Optionee the option
may be exercised only by Optionee.  More  particularly (but without limiting the
generality  of the  foregoing),  the  option may not be  assigned,  transferred,
pledged or  hypothecated  in any way, may not be assignable by operation of law,
and  may not be  subject  to  execution,  attachment  or  similar  process.  Any
attempted assignment,  transfer,  pledge,  hypothecation or other disposition of
the option  contrary to the  provisions  hereof,  and the levy of any execution,
attachment or similar process upon the option, will be null and void and without
effect.

         9. Withholding  Taxes.  Upon exercise of any portion of this option and
notice  from the  Company to  Optionee,  Optionee  shall pay to the  Company the
amount of  withholding  income tax  required to be withheld by the Company  from
compensation  to Optionee  and in turn paid by the Company to the U.S.  Internal
Revenue Service.

         10. Notices.  All notices,  requests,  demands and other communications
hereunder  shall  be in  writing  and  shall be  deemed  to have  been  given if
delivered or mailed, first class, with postage prepaid, to:

                  if to the Company, addressed to:

                           Photovoltaics.com, Inc.
                           215 Cranwood Dr.
                           Key Biscayne, Florida 33149
                           Attention: Mr. Lawrence F. Curtin; and

                  if to Optionee, addressed to the address for notice set forth
                    beneath Optionee's signature below;

or to such other address for notice as either party shall  hereafter  notify the
other party in writing, from time to time.

         IN WITNESS  WHEREOF,  the parties  hereto have executed this  Agreement
effective as of the date first set forth above.

                                            "COMPANY"

                                            PHOTOVOLTAICS.COM, INC.


                                            By: /s/ Lawrence F. Curtin
                                            Lawrence F. Curtin, President

                                            "OPTIONEE"


                                            /s/HarveyJudkowitz
                                            Harvey Judkowitz

                                            Address for Optionee:

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