EXHIBIT 10.4

     Attached is the Stock Option  Agreement Form that is used by the Company in
issuing  options to its employees  and  directors.  The following  directors and
executives of the Company have been granted options, as described below.
<TABLE>
<CAPTION>

-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
                                                  
                                                  Number Of Shares     Option        Date Option           Option
Name Of Officer/Director         Date Of Grant      Under Option    Exercise Price   Exercisable       Expiration Date  
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------

<S>                              <C>              <C>               <C>              <C>               <C>
Martin Gurkin                    12/05/95         20,000            $14.44           (1)               (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 11/19/96         30,000            $15.00           (1)               (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 09/04/97         10,000            $ 8.875          09/04/97          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
Stuart R. Streger                11/19/96         20,000            $15.00           (1)               (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 09/04/97         10,000            $ 8.875          09/04/97          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
Colin Morris                     02/01/97         20,000            $ 8.625          (1)               (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 09/04/97         10,000            $ 8.875          09/04/97          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
Kathryn Harrigan                 11/19/96         1,000             $ 8.00           11/19/97          (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 05/23/97         1,000             $10.25           05/23/98          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
Clayton Rautbord                 11/19/96         1,000             $ 8.00           11/19/97          (2)
                                 ---------------- ----------------- ---------------- ----------------- -----------------
                                 05/23/97         1,000             $10.25           05/23/98          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
Stephen Dresnick                 09/04/97         1,000             $ 8.875          09/04/98          (2)
-------------------------------- ---------------- ----------------- ---------------- ----------------- -----------------
<FN>

(1)  These options  become  exercisable  in increments of 1/3 each, on the first
     three anniversary dates from the Date Of Grant

(2)  These options expire five years from the Date Of Grant
</FN>
</TABLE>

                                   Page - 65
<PAGE>
EXHIBIT 10.4


                    EMPLOYEE INCENTIVE STOCK OPTION AGREEMENT


     THIS  AGREEMENT  is made this ___ day of  _________  199_,  by and  between
Technical Chemicals and Products,  Inc., a Florida  corporation  ("Company") and
____________________ ("Optionee").


                              W I T N E S S E T H:

     WHEREAS, Optionee is an employee of the Company;
     
     WHEREAS,  the  Stock  Option  Committee  of the Board of  Directors  of the
Company (the "Stock Option  Committee") or the Board of Directors of the Company
has granted  Optionee an option to purchase  __________  shares of the Company's
common stock, par value $0.001 per share (the "Common Stock");

     WHEREAS,  the Company has  established and adopted its Amended and Restated
1996 Stock Option Plan (the  "Plan"),  pursuant to which it may grant options to
purchase shares of its Common Stock;

     WHEREAS,  Optionee  and the  Company  desire  to  formalize  the  terms and
conditions of such options in this Agreement;

     NOW, THEREFORE,  in consideration of the mutual covenants set forth herein,
and other good and  valuable  consideration,  the  receipt,  adequacy  and legal
sufficiency of which are hereby acknowledged, the parties agree as
follows:

     1.   Grant of Option.

          Subject  to and  upon  the  terms  and  conditions  set  forth in this
          Agreement,  the Company  hereby grants to Optionee an incentive  stock
          option (sometimes  hereinafter referred to as an "Option") to purchase
          _____________ (_________) shares of Common Stock (the "Option Shares")
          during the specified term of this Option, at a price equal to ________
          Dollars  ($_______) per share.  This Option is granted pursuant to the
          terms and  conditions of the Plan,  all of which terms and  conditions
          are hereby incorporated by reference into this Agreement.  This Option
          is intended  by the  parties  hereto to be, and shall be treated as an
          "incentive stock option," as such term is defined under Section 422 of
          the Internal Revenue Code of 1986, as amended.

     2.   Specified Term; Time of Exercise.

     A.   This Option shall vest and shall be exercisable in whole or in part
          and cumulatively,  in the following amounts and on the following dates
          (each a "Vesting Date"):
          _______________  Option Shares on ____________, 1999___
          _______________  Option Shares on ____________, 1999___, and
          _______________  Option Shares on ____________, 1999___

     B.   Notwithstanding Section 2(A) hereof, the right to exercise this Option
          with  respect to any Option  Shares shall expire on the earlier of (i)
          __________  years from the Vesting Date of such Option Shares and (ii)
          ____________, 199__.

                                   Page - 66
<PAGE>
     3.   Termination as Employee.

          If the  employment of Optionee  with Company  shall  terminate for any
          reason whatsoever,  Optionee shall be entitled to exercise this Option
          only with respect to those Option Shares which shall have vested prior
          to the date of termination  of employment,  and all rights to any then
          exercisable  Option Shares shall  terminate  after the expiration of a
          period of three months from the date Optionee ceases to be an employee
          of the Company.  This Option shall not confer upon  Optionee any right
          to continued employment with the Company.

     4.   Transferability.

          This  Option  may  not  be  sold,  transferred,   pledged,   assigned,
          hypothecated  or  otherwise  disposed of except by will or the laws of
          descent and distribution.  In the event of the death of Optionee, this
          Option,  to the extent  exercisable  by Optionee on the date of death,
          may be exercised by the estate or personal  representative of Optionee
          at any time within six months following the date of death of Optionee.

     5.   Anti-Dilution.

          In the event of a merger or  consolidation of Company into or with any
          other   corporation,   or  any   stock   dividend,   stock   split  or
          recapitalization  involving shares of the Common Stock of the Company,
          an  appropriate  adjustment  shall be made in the  number of shares of
          Common Stock subject to this Option and in the purchase  price payable
          in the event of exercise of this Option in order to avoid  dilution of
          the  proportionate  equity interest in the Company  represented by the
          shares covered by this Option or which may be purchased for a specific
          sum upon exercise of this Option.

     6.   Privilege of Stock Ownership.

          Optionee  shall not be deemed to be the  holder  of, or to have any of
          the rights of a holder with respect to, any Option  Shares  unless and
          until: (i) the Option shall have been exercised  pursuant to the terms
          hereof; (ii) the Company shall have issued and delivered the shares to
          Optionee;  and (iii)  Optionee's  name  shall  have been  entered as a
          stockholder of record on the books of the Company. Thereupon, Optionee
          shall have full voting and other ownership rights with respect to such
          Option Shares.

     7.   Manner of Exercising Option.

     A.   This  Option  may be  exercised  only as to whole  shares  and only by
          written  notice  signed by Optionee (or in the case of exercise  after
          Optionee's  death  by  Optionee's  legal   representative,   executor,
          administrator,  heir or  legatee,  as the case may be) and  mailed  or
          delivered  to the  Secretary of the Company at its  principal  office,
          which  notice  shall:  (i)  specify  the number of Option  Shares with
          respect to which the Option is being exercised; (ii) be accompanied by
          payment in full in cash;  (iii) if the shares of Common Stock issuable
          upon  exercise  of the  Option  are  not  then  covered  by a  current
          registration  statement  of the Company  under the  Securities  Act of
          1933, as amended (the  "Securities  Act"),  include a statement to the
          effect that  Optionee,  or other  person  exercising  the  Option,  is
          purchasing the Option Shares for investment and not with a view to, or
          for sale in, any distribution thereof; and (iv) if the Option is being
          exercised by a person or persons other than  Optionee,  be accompanied
          by proof satisfactory to the Company and its counsel, that such person
          or  persons  have  the  right to  exercise  the  Option.  Prior to the
          issuance of the Option Shares  hereunder,  Optionee  shall execute and
          deliver to the Company such other representations in writing as may be
          reasonably requested by the Company in order for it to comply with the
          applicable requirements of Federal and state securities laws.

     B.   This Option shall be deemed to have been exercised with respect to the
          Option  Shares  specified in said notice at the time of receipt by the
          Company of: (i) the notice specified in Section 7(A) hereof;  (ii) any
          representations reasonably required by the Company pursuant to Section
          7(A) hereof; and (iii) the payment required in Section 7(A) hereof.
                 
     C.   Unless the shares of Common Stock issuable upon exercise of the Option
          are covered by a then  current  registration  statement of the Company
          under the Securities  Act, the  certificates  representing  the Option
          Shares issued or to be issued  hereunder shall be stamped or otherwise
          imprinted with legends substantially in the following form:

                                   Page - 67
<PAGE>
     THE SHARES  REPRESENTED BY THIS  CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
     THE  SECURITIES  ACT OF 1933,  AS AMENDED,  OR THE  SECURITIES  LAWS OF ANY
     STATE,  AND  HAVE  BEEN  ACQUIRED  FOR AN  INVESTMENT  AND MAY NOT BE SOLD,
     TRANSFERRED,  PLEDGED,  OR  HYPOTHECATED  IN THE  ABSENCE  OF AN  EFFECTIVE
     REGISTRATION STATEMENT FOR SUCH SHARES UNDER THE SECURITIES ACT OF 1933, AS
     AMENDED,  OR AN OPINION OF COUNSEL  ACCEPTABLE  TO COUNSEL  FOR THE COMPANY
     THAT REGISTRATION IS NOT REQUIRED UNDER SUCH LAWS.

     8.   Securities Law Requirements.

     A.   No Option granted hereunder shall be exercisable, in whole or in part,
          and the Company  shall not be obligated  to sell any Option  Shares if
          such  exercise  and sale  would,  in the  opinion of  counsel  for the
          Company,  violate  the  applicable  requirements  of  Federal or state
          securities   laws.  Each  Option  shall  be  subject  to  the  further
          requirement  that, if at any time the Company  shall  determine in its
          discretion  that the  listing or  qualification  of the Option  Shares
          under any  securities  exchange  requirements  or under any applicable
          law, or the consent or approval of any  governmental  regulatory body,
          is necessary or desirable as a condition  of, or in  connection  with,
          the issuance of the Option Shares, such Option may not be exercised in
          whole  or in part  unless  such  listing,  qualification,  consent  or
          approval  shall have been effected or obtained free of any  conditions
          not acceptable to the Company.

     B.   If any law or regulation of any state or Federal  commission or agency
          having  jurisdiction shall require the Company or the Optionee to take
          any action with respect to the Option Shares, then the date upon which
          the Company shall deliver or cause to be delivered the  certificate or
          certificates  for the  Option  Shares  shall be  postponed  until full
          compliance shall have been made with all such requirements.

     9.   Employment.  Nothing  contained in this  Agreement  shall be deemed to
          grant any right of  continued  employment  to  Optionee or to limit or
          waive any rights of the Company to terminate  such  employment  at any
          time, with or without cause.

     10.  Section  16(b)  of  the  Securities  Exchange  Act of  1934.  Optionee
          acknowledges  that his  position  with the  Company is  sufficient  to
          render the Optionee an  "affiliate"  of the Company for securities law
          purposes,  and that Section  16(b) of the  Securities  Exchange Act of
          1934, as amended, prohibits the purchase and sale or sale and purchase
          of the Company's  securities by all affiliates  within a period of six
          months. Accordingly, Optionee hereby agrees to coordinate the exercise
          of the Option and the resale of the shares of Common Stock so acquired
          with legal  counsel for the Company so that  Optionee will not violate
          the provisions of Section 16(b), wittingly or unwittingly.

     11.  Notices.
          
          All notices  required or permitted to be given hereunder shall be duly
          given if hand  delivered or mailed by  registered  or certified  mail,
          postage prepaid, addressed to the following:


     If to the Company, to:               Technical Chemicals and Products, Inc.
                                          3341 S.W. 15th Street
                                          Pompano Beach, FL  33069
                                          Attention:  Corporate Secretary

     If to the Optionee, to:              ________________________
                                          
                                          ________________________

                                          ________________________  
    
                                   Page - 68
<PAGE>
     Either party shall have the right to specify in writing in the manner above
     provided  another address to which  subsequent  notices shall be given. Any
     notice given hereunder shall be duly given as of the date hand delivered or
     mailed.

12.  General.
 
     This Agreement  includes the entire  understanding  of and replaces any and
     all prior agreements between the parties hereto with respect to the subject
     matter hereof.  This Agreement shall be binding upon and shall inure to the
     benefit  of the  successors  and  assigns of  Company  and the  successors,
     permitted  assigns,  personal  representatives,  heirs and  legatees of the
     Optionee,  and the entities,  if any,  resulting  from the  reorganization,
     consolidation  or  combination  of the  Company.  If any  provision of this
     Agreement   shall  be  found  to  be  void,   voidable  or   unenforceable,
     nevertheless,   the  remaining  provisions  shall  remain  in  force.  This
     Agreement shall not be modified except by an instrument in writing,  signed
     by the parties hereto.  This Agreement shall be governed in accordance with
     the laws of the State of Florida and the sole venue for any action  arising
     hereunder shall be Broward County,  Florida. This Agreement may be executed
     in counterparts and signatures may be transmitted by facsimile.

     IN WITNESS WHEREOF,  the undersigned have executed this Agreement as of the
     date first written above.

WITNESS:                                  Company:

                                          TECHNICAL CHEMICALS AND PRODUCTS, INC.


________________________                  By: ________________________





WITNESS:                                  OPTIONEE:




________________________                  ________________________

                                  Page - 69
<PAGE>