Nevtah Capital Management Corporation

                         NON-QUALIFIED STOCK OPTION PLAN


                                  I. PURPOSES

     Nevtah Capital Management Corporation, a Nevada corporation (the
"Corporation") desires to afford certain of its management, significant
contractors and consultants, and officers and directors of the Corporation who
are responsible for the continued growth of the Corporation an opportunity to
acquire a proprietary interest in the Corporation, thus providing them with a
more direct concern in the Corporation's welfare and assuring a close
identification of their interests with those of the Corporation.

     The Corporation, by means of this Non-Qualified Stock Option Plan (the
"Plan"), further desires to recognize outstanding performance by such
management, significant contractors and consultants, and officers and directors
of the Corporation, and to enable the Corporation to further attract and retain
key personnel.

     The stock options ("Options") offered pursuant to this Plan are a matter of
separate inducement and not in lieu of any salary or other compensation for the
services of such officer and director of the Corporation.

     The Board of Directors of the Corporation has determined that it is in the
best interests of the Corporation to adopt this Plan in its entirety as follows.


                               II. EFFECTIVE DATE

     This Plan, having been adopted by the shareholders of the Corporation by
the affirmative vote of the holders of a majority of the securities of the
Corporation entitled to vote thereon, shall become effective as of 12:00 a.m.
(Pacific time) on June __, 1999 (the `Effective Date").


                                III. ELIGIBILITY

     Options may be granted to any person in a managerial capacity, significant
contractors and consultants, and officers or directors of the Corporation who,
in the judgment of the Board of Directors, contributes materially to the
profitability and overall success of the Corporation.

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                       IV. AMOUNT OF STOCK SUBJECT TO PLAN

     4.1 The total number of shares of Common Stock of the Corporation which may
be purchased pursuant to the exercise of Options granted under the Plan shall
not exceed an aggregate of 2,000,000 shares of authorized common stock, $0.001
par value, of the Corporation at $0.40 per share (the "Common Stock").

     4.2 Shares which may be acquired under the Plan may be either authorized
but unissued shares of Common Stock, shares of issued Common Stock held in the
Corporation's treasury, or both, at the discretion of the Board of Directors.


                               V. GRANT OF OPTIONS

     5.1 The Corporation may, in accordance with the decisions of the Board of
Directors, from time to time during the period from the Effective Date through
12:00 a.m. (Pacific time) on June __, 2009 (the "Termination Date"), grant to
certain persons in a managerial capacity, significant contractors and
consultants, and officers and directors of the Corporation, Options under the
terms set forth herein. The Board of Directors shall have complete authority to
determine to whom Options shall be granted, the time when such Options shall be
granted, the number of shares of Common Stock which shall be subject to each
Option, the method of payment of the exercise price of such Options in
accordance with the provisions of Article VII, the period(s) during which such
Options shall be exercisable, and such other terms and provisions so long as
those terms and provisions are not inconsistent with the provisions of this
Plan.

     5.2 Such grant of Options under the Plan shall be non-cancelable by the
Corporation and shall remain in full force and effect until either exercised in
accordance with the terms and provisions of Article VIII or the expiration of
such Options, in whole or in part, whichever occurs earlier.

     5.3 Any Options granted hereunder shall not be transferable, other than by
will or the laws of descent and distribution, and shall be exercisable in
accordance with the terms and provisions of Article VIII by the holder thereof.


                          VI. OPTION PRICE AND PAYMENT

     6.1 The price ("Exercise Price") for each share of Common Stock purchasable
pursuant to any Option granted hereunder shall be $0.40.

     6.2 Upon the exercise of an Option granted hereunder, the Corporation shall
cause the purchased shares of Common Stock to be issued only when it shall have
received full payment of the option Exercise Price. Payment to the Corporation
of the amount of the option Exercise Price shall be made by the holder thereof
in one or more of the following methods as specified and directed by the Board
of Directors at the time of the grant of such Option: (a) in cash; (b) on a
cashless basis pursuant to the exchange and surrender of all or part of the
Options being exercised by the holder thereof; (c) by the tender to the
Corporation of shares of stock owned by the option holder and registered in his
or her name having a fair market value equal to the amount due to the
Corporation; (d) in other property rights deemed acceptable by the Board of
Directors, including the option holder's promissory note; or (e) any combination
of the payment methods specified in (a) through (d) above.

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                      VII. TERM OF OPTION AND LIMITATIONS
                              ON RIGHT OF EXERCISE

     7.1 Any Options granted hereunder shall be exercisable at such times, in
such amounts and during such periods as the Board of Directors, as the case may
be, shall determine at the date of the grant of such Option. In no event shall
an Option granted hereunder be exercised for a fraction of a share of Common
Stock.

     7.2 To the extent that an Option is not exercised within the period of
exercisability as the Board of Directors specifies, it shall expire as to the
then unexercised part. If any Option granted hereunder shall terminate prior to
the Termination Date, the Board of Directors shall have the right to use the
shares of Common Stock as to which such Option shall not have been exercised to
grant one or more additional Options to any eligible person, but any such grant
of an additional Option shall be made prior to the Termination Date.

     7.3 Notwithstanding subsection 7.1 above, any Options granted hereunder
shall expire on the Termination Date.


                           VIII. EXERCISE OF OPTIONS

     Options granted under the Plan shall be exercised by the holder thereof as
to all or part of the shares of Common Stock covered thereby by the giving of
written notice of the exercise thereof to the Secretary of the Corporation at
the principal business office of the Corporation, specifying the number of
shares of Common Stock to be purchased and specifying a business day not more
than fifteen (15) days from the date such notice is received by the Corporation,
for the payment of the Exercise Price. The Corporation shall cause certificates
for the shares of Common Stock so purchased to be delivered to the option holder
at the principal business office of the Corporation upon receipt of payment of
the full purchase price.

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                         IX. TERMINATION OF EMPLOYMENT
                                 OR ASSOCIATION

     9.1 If a person to whom an Option has been granted ceases for any reason to
be a person in a managerial capacity, a significant contractor or consultant, or
an officer or director of the Corporation, the Option (or the unexercised
portion thereof) shall not be cancelable by the Corporation and shall remain in
full force and effect during the period of exercisability, as designated by the
Board of Directors at the time of the grant of such Option.

     9.2. If such person dies while as a person in a managerial capacity, a
significant contractor or consultant, or an officer or director of the
Corporation, then such Option shall be exercisable by the beneficiary of such
person within the period of exercisability, as designated by the Board of
Directors at the time of the grant of the Option. If an Option granted hereunder
shall be exercised by a person who acquired the Option by bequest or inheritance
or by reason of the death of the option holder, written notice of such exercise
shall be accompanied by a certified copy of letters testamentary or equivalent
proof of the right of such person to exercise such Option.

     9.3 Notwithstanding the preceding paragraphs of this Article IX, no Option
may be exercised after the expiration of the period of exercisability provided
for in such Option.


                       X. ADJUSTMENT FOR CORPORATE CHANGES

     In the event of any change in the outstanding shares of Common Stock
through merger, consolidation, reorganization, recapitalization, stock dividend,
stock split, split-up, split-off, spin-off, combination of shares, exchange of
shares, or other like change in capital structure of the Corporation, an
adjustment shall be made to each outstanding Option such that each such Option
shall thereafter be exercisable for such securities, cash and/or other property
as would have been received in respect of the shares of Common Stock subject to
such Option had such Option been exercised in full immediately prior to such
change, and such an adjustment shall be made successively each time any such
change shall occur. In addition, the Board of Directors shall make any further
adjustment as may be appropriate to the maximum number of shares of Common Stock
of which options may be granted to any one person, and the number of shares of
Common Stock and price per share of Common Stock subject to outstanding Options
as shall be equitable to prevent dilution or enlargement of rights under such
Options, and the determination of the Board of Director as to these matters
shall be conclusive.


                        XI. EFFECT OF PLAN ON EMPLOYMENT

     11.1 The Plan shall not impose any obligation on the Corporation to
continue the employment or association of any holder of an Option, and it shall
not impose any obligation on the part of any holder of an Option to remain in
such employ or association of the Corporation.

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     11.2 No person shall have, under any circumstances, any interest
whatsoever, vested or contingent, in any particular property or assets of the
Corporation.

     11.3 This Plan shall not be deemed a substitute for, and shall not preclude
the establishment or continuation of any other practice or arrangement that may
now or hereafter be provided for the payment of compensation, special awards or
benefits including, but limited to, savings, thrift, profit-sharing, pension,
retirement, group insurance or health care plans. Any such arrangements may be
authorized by the Board of Directors and payment thereunder made independently
of this Plan.


                               XII. ADMINISTRATION

     12.1 The Board of Directors is authorized to interpret and administer this
Plan, and to establish general criteria and precedents for the terms and
conditions upon which options shall be granted.

     12.2 Subject to the express provisions of the Plan, the Board of Directors
shall have the authority, in its discretion, to determine the persons to whom
Options shall be granted, the time when such Options shall be granted, the
number of shares of Common Stock which shall be subject to each Option, the
method of payment of the exercise price of each share of Common Stock which
shall be subject to each Option, the period(s) during which such Options shall
be exercisable (whether in whole or in part), and the other terms and provisions
thereof.

     12.3 Subject to the express provisions of the Plan, the Board of Directors
also shall have the authority to construe the Plan and Options granted
thereunder, to amend the Plan and Options to be granted thereunder, to determine
the terms and provisions of the respective Options (which need not be identical)
and to make all other determinations necessary or advisable for administering
the Plan.

     12.4 The determination of the Board of Directors on matters referred to in
this Article XII shall be conclusive.

     12.5 The Board of Directors may employ such legal counsel, consultants and
agents as it may deem desirable for the administration of the Plan and may rely
upon any opinion received from any such counsel or consultant and any
computation received from any such consultant or agent. Expenses incurred by the
Board of Directors in the engagement of such counsel, consultant or agent shall
be paid by the Corporation. No member or former member of the Board of Directors
shall be liable for any action or determination made in good faith with respect
to the Plan or any Option granted hereunder.

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                          XIII. PURCHASE FOR INVESTMENT

     Except as hereafter provided, the holder of an Option granted hereunder
shall, upon any exercise thereof, execute and deliver to the Corporation a
written statement, in form satisfactory to the Corporation, in which such holder
represents and warrants that such holder is purchasing or acquiring the shares
of Common Stock acquired thereunder for such holder's own account, for
investment only and not with a view to the resale or distribution thereof, and
agrees that any subsequent offer for sale or sale or distribution of any such
shares of Common Stock shall be made pursuant to either (a) a Registration
Statement on an appropriate form under the Securities Act of 1933, as amended
(the "1933 Securities Act"), which Registration Statement has become effective
and is current with regard to the shares of Common Stock being offered and sold,
or (b) a specific exemption from the registration requirements of the 1933
Securities Act, but in claiming such exemption the holder shall, prior to any
offer for sale or sale of such shares of Common Stock, obtain a prior favorable
written opinion, in form and substance satisfactory to the Corporation, from
counsel for or approved by the Corporation, as to the applicability of such
exemption thereto. The foregoing restrictions shall not apply to (i) issuances
by the Corporation so long as the shares of Common Stock being issued are
registered under the 1933 Securities Act and a prospectus in respect thereof is
current, or (ii) reofferings of shares of Common Stock by affiliates of the
Corporation (as defined in Rule 405 or any successor rule or regulation
promulgated under the 1933 Securities Act) if the shares of Common Stock being
reoffered are registered under the 1933 Securities Act and a prospectus in
respect thereof is current.


                         XIV. ISSUANCE OF CERTIFICATES

     14.l Upon any exercise of an Option which may be granted hereunder and
payment of the purchase price, a certificate or certificates for the shares of
Common Stock as to which the Option has been exercised shall be issued by the
Corporation in the name of the person exercising the Option and shall be
delivered to or upon the order of such person.

     14.2 The Corporation may endorse such legend or legends upon the
certificates for shares of Common Stock issued upon exercise of an option
granted hereunder, and may issue such "stop transfer" instructions to its
transfer agent in respect of such shares of Common Stock as, in its discretion,
it determines to be necessary or appropriate to (i) prevent a violation of, or
to perfect an exemption from, the registration requirements of the 1933
Securities Act, or (ii) implement the provisions of the Plan and any agreement
between the Company and the option holder with respect to such shares of Common
Stock.

<PAGE>


     14.3 The Corporation shall pay all issue taxes with respect to the issuance
of shares of Common Stock, as well as all fees and expenses necessarily incurred
by the Corporation in connection with such issuance.

     14.4 All shares of Common Stock issued as provided herein shall be fully
paid and non-assessable to the extent permitted by law.


                             XV. AMENDMENT OF PLAN

     15.1 The Board of Directors may, from time to time, amend this Plan or any
provisions thereof, except that any amendment to the Plan shall be approved by
the affirmative vote of the holders of a majority of the securities of the
Corporation entitled to vote thereon or by the written consent of the holders of
a majority of the securities of the Corporation entitled to vote.

     15.2 The Board of Directors may suspend or discontinue the Plan. The Plan,
unless sooner terminated by the Board of Directors, shall terminate at the close
of business on the Termination Date. An Option may not be granted while the Plan
is suspended or after it is terminated. Rights and obligations under any Option
granted shall not be altered or impaired by suspension or termination of the
Plan, and shall remain in full force and effect according to their respective
provisions. The power of the Board of Directors to construe and administer any
Options granted prior to the termination or suspension of the Plan nevertheless
shall continue after such termination of during such suspension.








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