EXHIBIT 10.1

                          BAYCORP HOLDINGS, LTD.

                         1996 STOCK OPTION PLAN

                      (As amended on April 28, 2003)

1.     Purpose.

     The purpose of this plan (the "Plan") is to secure for BayCorp Holdings,
Ltd. (the "Company") and its shareholders the benefits arising from capital
stock ownership by employees, officers and directors of, and consultants or
advisors to, the Company and its parent and subsidiary corporations who are
expected to contribute to the Company's future growth and success.  Except
where the context otherwise requires, the term "Company" shall include the
parent and all present and future subsidiaries of the Company as defined in
Sections 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended
or replaced from time to time (the "Code").  Those provisions of the Plan
which make express reference to Section 422 shall apply only to Incentive
Stock Options (as that term is defined in the Plan).

2.     Type of Options and Administration.

     (a)  Types of Options.  Options granted pursuant to the Plan may be
either incentive stock options ("Incentive Stock Options") meeting the
requirements of Section 422 of the Code or Non-Statutory Options which are
not intended to meet the requirements of Section 422 of the Code ("Non-
Statutory Options").

     (b)  Administration.

           (i)  The Plan will be administered by the Board of Directors of
the Company, whose construction and interpretation of the terms and
provisions of the Plan shall be final and conclusive.  The Board of Directors
may in its sole discretion grant options to purchase shares of the Company's
Common Stock ("Common Stock") and issue shares upon exercise of such options
as provided in the Plan. The Board shall have authority, subject to the
express provisions of the Plan, to construe the respective option agreements
and the Plan, to prescribe, amend and rescind rules and regulations relating
to the Plan, to determine the terms and provisions of the respective option
agreements, which need not be identical, and to make all other determinations
which are, in the judgment of the Board of Directors, necessary or desirable
for the administration of the Plan.  The Board of Directors may correct any
defect, supply any omission or reconcile any inconsistency in the Plan or in
any option agreement in the manner and to the extent it shall deem expedient
to carry the Plan into effect and it shall be the sole and final judge of
such expediency.  No director or person acting pursuant to authority
delegated by the Board of Directors shall be liable for any action or
determination under the Plan made in good faith.

            (ii)  The Board of Directors may, to the full extent permitted by
or consistent with applicable laws or regulations and Section 3(b) of this
Plan delegate any or all of its powers under the Plan to a committee (the
"Committee") appointed by the Board of Directors, and if the Committee is so
appointed all references to the Board of Directors in the-Plan shall mean and
relate to such Committee.

     (c)  Applicability of Rule 16b-3.  Those provisions of the Plan which
make express reference to Rule 16b-3 promulgated under the Securities
Exchange Act of 1934 (the "Exchange Act"), or any successor rule ("Rule 16b-
3"), or which are required in order for certain option transactions to
qualify for exemption under Rule 16b-3, shall apply only to such persons as
are required to file reports under Section 16(a) of the Exchange Act (a
"Reporting Person").

3.     Eligibility.

     (a)  General.  Options may be granted to persons who are, at the time of
grant, employees, officers or directors of, or consultants or advisors to,
the Company; Provide, that the class of employees to whom Incentive Stock
Options may be granted shall be limited to all employees of the Company and
that options to directors shall only be granted pursuant to Section 3(c),
below.  A person who has been granted an option may, if he or she is
otherwise eligible, be granted additional options if the Board of Directors
shall so determine.  Subject to adjustment as provided in Section 15 below,
the maximum number of shares with respect to which options may be granted to
any employee under the Plan shall not exceed 400,000 shares of common stock
during the ten-year term of the Plan.  For the purpose of calculating such
maximum number, (a) an option shall continue to be treated as outstanding
notwithstanding its repricing, cancellation or expiration and (b) the
repricing of an outstanding option or the issuance of a new option in
substitution for a cancelled option shall be deemed to constitute the grant
of a new additional option separate from the original grant of the option
that is repriced or cancelled.

     (b)  Grant of Options to Officers.  From and after the registration of
the Common Stock of the Company under the Exchange Act, the selection of an
officer (as the term "officer" is defined for purposes of Rule 16b-3) as a
recipient of an option, the timing of the option grant, the exercise price of
the option and the number of shares subject to the option shall be determined
either (i) by the Board of Directors, of which all members shall be
"disinterested persons" (as hereinafter defined), or (ii) by two or more
directors having full authority to act in the matter, each of whom shall be a
"disinterested person."  For the purposes of the Plan, a director shall be
deemed to be a "disinterested person" only if such person qualifies as a
"disinterested personnel within the meaning of Rule 16b-3, as such term is
interpreted from time to time and also qualities as an "outside director"
within the meaning of Section 162(m) of the Code, as such term is interpreted
from time to time.

4.     Stock Subject to Plan.

     Subject to adjustment as provided in Section 15 below, the maximum
number of shares of Common Stock which may be issued and sold under the Plan
is 900,000 shares.  If an option granted under the Plan shall expire or
terminate for any reason without having been exercised in full, the
unpurchased shares subject to such option shall again be available for
subsequent option grants under the Plan.  If shares issued upon exercise of
an option under the Plan are tendered to the Company in payment of the
exercise price of an option granted under the Plan, such tendered shares
shall again be available for subsequent option grants under the Plan;
provided, that in no event shall such shares be made available for issuance
pursuant to exercise of Incentive Stock Options.

5.     Forms of Option Agreements.

     As a condition to the grant of an option under the Plan, each recipient
of an option shall execute an option agreement in such form not inconsistent
with the Plan as may be approved by the Board of Directors.  Such option
agreements may differ among recipients.

6.     Purchase Price.

     (a)  General.  Subject to Section 3(b) and 3(c), the purchase price per
share of stock deliverable upon the exercise of an option shall be determined
by the Board of Directors, provide, however, that in the case of an Incentive
Stock Option, the exercise price shall not be less than 100% of the fair
market value of such stock, as determined by the Board of Directors, at the
time of grant of such option, or less than 110% of such fair market value in
the case of options described in Section 11(b).

     (b)  Payment of Purchase Price.  Options granted under the Plan may
provide for the payment of the exercise price by delivery of cash or a check
to the order of the Company in an amount equal to the exercise price of such
options, or, to the extent provided in the applicable option agreement, (i)
by delivery to the Company of shares of Common Stock of the Company already
owned by the optionee having a fair market value equal in amount to the
exercise price of the options being exercised or (ii) by any other means
(including, without limitation, by delivery of a promissory note of the
optionee payable on such terms as are specified by the Board of Directors)
which the Board of Directors determines are consistent with the purpose of
the Plan and with applicable laws and regulations (including, without
limitation, the provisions of Regulation T promulgated by the Federal Reserve
Board).  The fair market value of any shares of the Company's Common Stock or
other non-cash consideration which may be delivered upon exercise of an
option shall be determined by the Board of Directors.

7.     Option Period.

     Each option and all rights thereunder shall expire on such date as shall
be set forth in the applicable option agreement, except that, in the case of
an Incentive Stock Option, such date shall not be later than ten years after
the date on which the option is granted and, in all cases, options shall be
subject to earlier termination as provided in the Plan.

8.     Exercise of Options.

     Each option granted under the Plan shall be exercisable either in full
or in installments at such time or times and during such period as shall be
set forth in the agreement evidencing such option, subject to the provisions
of the Plan.

9.     Nontransferability of Options.

     Options shall not be assignable or transferable by the person to whom
they are granted, either voluntarily or by operation of law, except by will
or the laws of descent and distribution, and, during the life of the
optionee, shall be exercisable only by the optionee; provided, however, that
Non-Statutory Options may be transferred pursuant to a qualified domestic
relations order (as defined in Rule 16b-3).

10.     Effect of Termination of Employment or Other Relationship.

     Except as provided in Section 11(d) with respect to Incentive Stock
Options, and subject to the provisions of the Plan, the Board of Directors
shall determine the period of time during which an optionee may exercise an
option following (i) the termination of the optionee's employment or other
relationship with the Company or (ii) the death or disability of the
optionee. Such periods shall be set forth in the agreement evidencing such
option.

11.     Incentive Stock Options.

     Options granted under the Plan which are intended to be Incentive Stock
Options shall be subject to the following additional terms and conditions:

     (a)  Express Designation.  All Incentive Stock Options granted under the
Plan shall, at the time of grant, be specifically designated as such in the
option agreement covering such Incentive Stock Options.

     (b)  10% Shareholder.  If any employee to whom an Incentive Stock Option
is to be granted under the Plan is, at the time of the grant of such option,
the owner of stock possessing more than 10% of the total combined voting
power of all classes of stock of the Company (after taking into account the
attribution of stock ownership rules of Section 424(d) of the Code), then the
following special provisions shall be applicable to the Incentive Stock
Option granted to such individual:

          (i)  The purchase price per share of the Common Stock subject to
such Incentive Stock Option shall not be less than 110% of the fair market
value of one share of Common Stock at the time of grant; and

          (ii)  the option exercise period shall not exceed five years from
the date of grant.

     (c)  Dollar Limitation.  For so long as the Code shall so provide,
options granted to any employee under the Plan (and any other incentive stock
option plans of the Company) which are intended to constitute Incentive Stock
Options shall not constitute Incentive Stock Options to the extent that such
options, in the aggregate, become exercisable for the first time in any one
calendar year for shares of Common Stock with an aggregate fair market value
(determined as of the respective date or dates of grant) of more than
$100,000.

     (d)  Termination of Employment, Death or Disability.  No Incentive Stock
Option may be exercised unless, at the time of such exercise, the optionee
is, and has been continuously since the date of grant of his or her option,
employed by the Company, except that:

          (i)  an Incentive Stock Option may be exercised within the period
of three months after the date the optionee ceases to be an employee of the
Company (or within such lesser period as may be specified in the applicable
option agreement), provide, that the agreement with respect to such option
may designate a longer exercise period and that the exercise after such
three-month period shall be treated as the exercise of a non-statutory option
under the Plan;

          (ii)  if the optionee dies while in the employ of the Company, or
within three months after the optionee ceases to be such an employee, the
Incentive Stock Option may be exercised by the person to whom it is
transferred by will or the laws of descent and distribution within the period
of one year after the date of death (or within such lesser period as may be
specified in the applicable option agreement); and

          (iii)  if the optionee becomes disabled (within the meaning of
Section 22(e)(3) of the Code or any successor provision thereto) while in the
employ of the Company, the Incentive Stock Option may be exercised within the
period of one year after the date the optionee ceases to be such an employee
because of such disability (or within such lesser period as may be specified
in the applicable option agreement).

For all purposes of the Plan and any option granted hereunder, "employment"
shall be defined in accordance with the provisions of Section 1.421-7(h) of
the income Tax Regulations (or any successor regulations). Notwithstanding
the foregoing provisions, no Incentive Stock Option may be exercised after
its expiration date.

12.     Additional Provisions.

     (a)  Additional Option Provisions.  The Board of Directors may, in its
sole discretion, include additional provisions in option agreements covering
options granted under the Plan, including without limitation restrictions on
transfer, repurchase rights, commitments to pay cash bonuses, to make,
arrange for or guaranty loans or to transfer other property to optionees upon
exercise of options, or such other provisions as shall be determined by the
Board of Directors; provide that such additional provisions shall not be
inconsistent with any other term or condition of the Plan and such additional
provisions shall not cause any Incentive Stock Option granted under the Plan
to fail to qualify as an Incentive Stock Option within the meaning of Section
422 of the Code.

     (b)  Acceleration, Extension, Etc.  The Board of Directors may, in its
sole discretion, (i) accelerate the date or dates on which all or any
particular option or options granted under the Plan may be exercised or (ii)
extend the dates during which all, or any particular, option or options
granted under the Plan may be exercised.

     (c)  Vesting Upon Disability or Death. Upon the death or disability
(within the meaning of Section 22(e)(3) of the Code) of an optionee, all
unvested options shall immediately vest.

     (d)  Change in Control.  Notwithstanding any other provision of the Plan
and except as otherwise provided in the relevant option agreement, in the
event of a "Change in Control of the Company" (as defined below), the
exercise dates of all options then outstanding shall be accelerated in full
and any restrictions on exercising outstanding options issued pursuant to the
Plan prior to any given date shall terminate.  For purposes of the Plan, a
"Change in Control of the Company" shall occur or be deemed to have occurred
only if (i) any "person", as such term is used in Sections 13(d) and 14(d) of
the Exchange Act (other than the Company, any trustee or other fiduciary
holding securities under an employee benefit plan of the Company, or any
corporation owned directly or indirectly by the stockholders of the Company
in substantially the same proportion as their ownership of stock of the
Company), is or becomes the "beneficial  owner" (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company
representing 30% or more of the combined voting power of the Company's then
outstanding securities; (ii) during any period of two consecutive years
ending during the term of the Plan (not including any period prior to the
adoption of the Plan), individuals who at the beginning of such period
constitute the Board of Directors of the Company, and any new director (other
than a director designated by a person who has entered into an agreement with
the Company to effect any transaction described in clause (i), (iii) or (iv)
of this Section 12(d) whose election by the Board of Directors or nomination
for election by the Company's stockholders was approved by a vote of at least
two-thirds of the directors then still in office who were either directors at
the beginning of the period or whose election or whose nomination for
election was previously so approved (collectively, the "Disinterested
Directors"), cease for any reason to constitute a majority of the Board of
Directors; (iii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation, other than (A) a
merger or consolidation which would result in the voting securities of the
Company outstanding immediately prior thereto continuing to represent (either
by remaining outstanding or by being converted into voting securities of the
surviving entity) more than 50% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation or (B) a merger or consolidation effected
to implement a recapitalization of the Company (or similar transaction) in
which no "person" (as hereinabove defined) acquires more than 30% of the
combined voting power of the Company's then outstanding securities or (C) a
merger or consolidation which has been approved by a majority of the
Disinterested Directors; or (iv) the stockholders of the Company approve a
plan of complete liquidation of the Company or an agreement for the sale or
disposition by the Company of all or substantially all of the Company's
assets which, in either case, has not previously been approved by a majority
of the Disinterested Directors.  Notwithstanding the foregoing, the Board of
Directors of the Company may, in its sole discretion, by a resolution adopted
by two-thirds of the Disinterested Directors prior to the occurrence of any
of the events otherwise constituting a Change in Control of the Company,
declare that such event will not constitute a Change in Control of the
Company for the purposes of the Plan. If such resolution is adopted, such
event shall not constitute a Change in Control of the Company for any purpose
of the Plan.

13.     General Restrictions.

     (a)  Investment Representations.  The Company may require any person to
whom an option is granted, as a condition of exercising such option, to give
written assurances in substance and form satisfactory to the Company to the
effect that such person is acquiring the Common Stock subject to the option
for his or her own account for investment and not with any present intention
of selling or otherwise distributing the same, and to such other effects as
the Company deems necessary or appropriate in order to comply with federal
and applicable state securities laws, or with covenants or representations
made by the Company in connection with any public offering of its Common
Stock.

(b)  Compliance With Securities Laws.  Each option shall be subject to
the requirement that if, at any time, counsel to the Company shall determine
that the listing, registration or qualification of the shares subject to such
option upon any securities exchange or under any state or federal law, or the
consent or approval of any governmental or regulatory body, or that the
disclosure of non-public information or the satisfaction of any other
condition is necessary as a condition of, or in connection with, the issuance
or purchase of shares thereunder, such option may not be exercised, in whole
or in part, unless such listing, registration, qualification, consent or
approval, or satisfaction of such condition shall have been effected or
obtained on conditions acceptable to the Board of Directors.  Nothing herein
shall be deemed to require the Company to apply for or to obtain such
listing, registration or qualification, or to satisfy such condition.

14.     Rights as a Shareholder.

     The holder of an option shall have no rights as a shareholder with
respect to any shares covered by the option (including, without limitation,
any rights to receive dividends or non-cash distributions with respect to
such shares) until the date of issue of a stock certificate to him or her for
such shares.  No adjustment shall be made for dividends or other rights for
which the record date is prior to the date such stock certificate is issued.

15.     Adjustment Provisions for Recapitalizations and Related Transactions.

     (a)  General.  If, through or as a result of any merger, consolidation,
sale of all or substantially all of the assets of the Company,
reorganization, recapitalization, reclassification, stock dividend, stock
split, reverse stock split or other similar transaction, (i) the outstanding
shares of Common Stock are increased, decreased or exchanged for a different
number or kind of shares or other securities of the Company, or (ii)
additional shares or new or different shares or other securities of the
Company or other non-cash assets are distributed with respect to such shares
of Common Stock or other securities, an appropriate and proportionate
adjustment may be made in (x) the maximum number and kind of shares reserved
for issuance under the Plan, (y) the number and kind of shares or other
securities subject to any then outstanding options under the Plan, and (z)
the price for each share subject to any then outstanding options under the
Plan, without changing the aggregate purchase price as to which such options
remain exercisable. Notwithstanding the foregoing, no adjustment shall be
made pursuant to this Section 15 if such adjustment would cause the Plan to
fail to comply with Section 422 of the Code.

     (b)  Board Authority to Make Adjustments.  Any adjustments under this
Section 15 will be made by the Board of Directors, whose determination as to
what adjustments, if any, will be made and the extent thereof will be final,
binding and conclusive.  No fractional shares will be issued under the Plan
on account of any such adjustments.

16.     Merger, Consolidation, Asset Sale, Liquidation, etc.

     (a)  General.  In the event of a consolidation or merger or sale of all
or substantially all of the assets of the Company in which outstanding shares
of Common Stock are exchanged for securities, cash or other property of any
other corporation or business entity or in the event of a liquidation of the
Company, the Board of Directors of the Company, or the board of directors of
any corporation assuming the obligations of the Company, may, in its
discretion, take any one or more of the following actions, as to outstanding
options: (i) provide that such options shall be assumed, or equivalent
options shall be substituted, by the acquiring or succeeding corporation (or
an affiliate thereof), provided that any such options substituted for
Incentive Stock Options shall meet the requirements of Section 424(a) of the
Code, (ii) upon written notice to the optionees, provide that all unexercised
options will terminate immediately prior to the consummation of such
transaction unless exercised by the optionee within a specified period
following the date of such notice, (iii) in the event of a merger under the
terms of which holders of the Common Stock of the Company will receive upon
consummation thereof a cash payment for each share surrendered in the merger
(the "Merger Price"), make or provide for a cash payment to the optionees
equal to the difference between (A) the Merger Price times the number of
shares of Common Stock subject to such outstanding options (to the extent
then exercisable at prices not in excess of the Merger Price) and (B) the
aggregate exercise price of all such outstanding options in exchange for the
termination of such options, and (iv) provide that all or any outstanding
options shall become exercisable in full immediately prior to such event.

     (b)  Substitute Options.  The Company may grant options under the Plan
in substitution for options held by employees of another corporation who
become employees of the Company, or a subsidiary of the Company, as the
result of a merger or consolidation of the employing corporation with the
Company or a subsidiary of the Company, or as a result of the acquisition by
the Company, or one of its subsidiaries, of property or stock of the
employing corporation.  The Company may direct that substitute options be
granted on such terms and conditions as the Board of Directors considers
appropriate in the circumstances.

17.     No Special Employment Rights.

     Nothing contained in the Plan or in any option shall confer upon any
optionee any right with respect to the continuation of his or her employment
by the Company or interfere in any way with the right of the Company at any
time to terminate such employment or to increase or decrease the compensation
of the optionee.

18.     Other Employee Benefits.

Except as to plans which by their terms include such amounts as
compensation, the amount of any compensation deemed to be received by an
employee as a result of the exercise of an option or the sale of shares
received upon such exercise will not constitute compensation with respect to
which any other employee benefits of such employee are determined, including,
without limitation, benefits under any bonus, pension, profit-sharing, life
insurance or salary continuation plan, except as otherwise specifically
determined by the Board of Directors.

19.     Amendment of the Plan.

     (a)  The Board of Directors may at any time, and from time to time,
modify or amend the Plan in any respect, except that if at any time the
approval of the shareholders of the Company is required under Section 422 of
the Code or any successor provision with respect to Incentive Stock Options,
or under Rule 16b-3, the Board of Directors may not effect such modification
or amendment without such approval.

     (b)  The termination or any modification or amendment of the Plan shall
not, without the consent of an optionee, affect his or her rights under an
option previously granted to him or her.  With the consent of the optionee
affected, the Board of Directors may amend outstanding option agreements in a
manner not inconsistent with the Plan.  The Board of Directors shall have the
right to amend or modify (i) the terms and provisions of the Plan and of any
outstanding Incentive Stock Options granted under the Plan to the extent
necessary to qualify any or all such options for such favorable federal
income tax treatment (including deferral of taxation upon exercise) as may be
afforded incentive stock options under Section 422 of the Code and (ii) the
terms and provisions of the Plan and of any outstanding option to the extent
necessary to ensure the qualification of the Plan under Rule 16b-3  The
provisions of Section 3(c), above, which relate to formula grants to outside
directors may not be amended more than once every six months, other than to
comport with changes in the Code, the Employee Retirement Income Security Act
of 1974, or the rules thereunder.

20.     Withholding.

     (a)  The Company shall have the right to deduct from payments of any
kind otherwise due to the optionee any federal, state or local taxes of any
kind required by law to be withheld with respect to any shares issued upon
exercise of options under the Plan.   to the prior approval of the Company,
which may be withheld by the Company in its sole discretion, the optionee may
elect to satisfy such obligations, in whole or in part, (i) by causing the
Company to withhold shares of Common Stock otherwise issuable pursuant to the
exercise of an option or (ii) by delivering to the Company shares of Common
Stock already owned by the optionee.  The shares so delivered or withheld
shall have a fair market value equal to such withholding obligation.  The
fair market value of the shares used to satisfy such withholding obligation
shall be determined by the Company as of the date that the amount of tax to
be withheld is to be determined.  An optionee who has made an election
pursuant to this Section 20(a) may only satisfy his or her withholding
obligation with shares of Common Stock which are not subject to any
repurchase, forfeiture, unfulfilled vesting or other similar requirements.

     (b)  Notwithstanding the foregoing, in the case of a Reporting Person,
no election to use shares for the payment of withholding taxes shall be
effective unless made in compliance with any applicable requirements of Rule
16b-3 (unless it is intended that the transaction not qualify for exemption
under Rule 16b-3).

21.     Cancellation and New Grant of Options, Etc.

     The Board of Directors shall have the authority to effect, at any time
and from time to time, with the consent of the affected optionees, (i) the
cancellation of any or all outstanding options under the Plan and the grant
in substitution therefor of new options under the Plan covering the same or
different numbers of shares of Common Stock and having an option exercise
price per share which may be lower or higher than the exercise price per
share of the cancelled options or (ii) the amendment of the terms of any and
all outstanding options under the Plan to provide an option exercise price
per share which is higher or lower than the then-current exercise price per
share of such outstanding options.

22.     Effective Date and Duration of the Plan.

     (a)  Effective Date.  The Plan shall become effective when adopted by
the Board of Directors, but no option granted under the Plan shall become
exercisable unless and until the Plan shall have been approved by the
Company's shareholders.  If such shareholder ,approval is not obtained within
twelve months after the date of the Board's adoption of the Plan, options
previously granted under the Plan shall not vest and shall terminate and no
options shall be granted thereafter.  Amendments to the Plan not requiring
shareholder approval shall become effective when adopted by the Board of
Directors; amendments requiring shareholder approval (as provided in Section
19) shall become effective when adopted by the Board of Directors, but no
option granted after the date of such amendment shall become exercisable (to
the extent that such amendment to the Plan was required to enable the Company
to grant such option to a particular person) unless and until such amendment
shall have been approved by the Company's shareholders.  If such shareholder
approval is not obtained within twelve months of the Board's adoption of such
amendment, any options granted on or after the date of such amendment shall
terminate to the extent that such amendment was required to enable the
Company to grant such option to a particular optionee.  Subject to this
limitation, options may be granted under the Plan at any time after the
effective date and before the date fixed for termination of the Plan.

     (b)  Termination.  Unless sooner terminated in accordance with Section
16, the Plan shall terminate upon the close of business on the day next
preceding the tenth anniversary of the date of its adoption by the Board of
Directors.  Options outstanding on such date shall continue to have force and
effect in accordance with the provisions of the instruments evidencing such
options.

23.     Provision for Foreign Participants.

     The Board of Directors may, without amending the Plan, modify awards or
options granted to participants who are foreign nationals or employed outside
the United States to recognize differences in laws, rules, regulations or
customs of such foreign jurisdictions with respect to tax, securities,
currency, employee benefit or other matters.

Adopted by the Board of Directors on
April 16, 1996.

Approved by the Sole Stockholder on
April 16, 1996.