Document:

EXHIBIT 4.7
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                           CoolSavings, Inc.

                        1997 STOCK OPTION PLAN
                   INCENTIVE STOCK OPTION AGREEMENT
                   --------------------------------

     CoolSavings, Inc. (f/k/a coolsavings.com, inc.), a Delaware
corporation (the "Company"), upon the recommendation of the Company's Board
of Directors (the "Board") and pursuant to that certain 1997 Stock Option
Plan adopted by the Company's Board of Directors, as amended (the "Plan"),
and in consideration of the services to be rendered to the Company or its
subsidiaries by ______________________ ("Employee"), hereby grants (subject
to Section XII below), as of ________ ___, 1997 (the "Date of Grant"),
Employee an option ("Option") to purchase ______ shares of the Company's
common stock, $0.01 par value per share (the "Shares") at a price of
$__________ per share (the "Option Price"), on the terms and conditions
contained in this Stock Option Agreement (the "Agreement") and subject to
all the terms and conditions of the Plan, which are incorporated by
reference herein. The Option is designated as both an Incentive Stock
Option and a Performance Based Option (as such terms are defined in the
Plan), and the Option Price specified above is equal to the Fair Market
Value of the Company's Common Stock on the Date of Grant.

I.   EXERCISE OF OPTION

     Employee may exercise this Option at any time on or after the first
date specified below, but in no event later than ___________ [insert 10th
anniversary of Date of Grant], subject only to prior termination or
modification of the Plan and in accordance with and subject to any
percentage limitations contained in this Section I and the expiration
provisions contained in Section III:

           (a)   One third (1/3) of the Shares, or any lesser part
     thereof, on or after the date which is one (1) year from the Date of
     Grant;

           (b)   One third (1/3) of the Shares, or any lesser part
     thereof, on or after the date which is two (2) years from the Date of
     Grant; and

           (c)   The final one third (1/3) of the Shares, or any lesser
     part thereof, on or after the date which is three (3) years from the
     Date of Grant.

Any Shares not purchased by Employee at the time Employee is first eligible
to exercise the Option for such Shares, as determined by this Section I,
may be purchased by Employee at any time thereafter but, in no event, later
than ___________ [insert 10th anniversary of Date of Grant].

                                   1

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II.  MANNER OF EXERCISE

     This Option may be exercised, in accordance with Section I above, by
delivery (personally or by certified or registered mail in accordance with
Section VII below) of a written notice to the Company's Secretary
specifying the number of Shares to be purchased and accompanied by payment
for those Shares and any applicable withholding taxes.  At the election of
Employee, such payment may be made in cash, check, or by delivery of
certificate(s) representing Shares of the Company's common stock previously
held by Employee, duly endorsed for transfer, or shares issuable to
Employee pursuant to the exercise of the Option.  The Administrator may
also permit payment to be made in such other manner as the Administrator
deems appropriate and in compliance with applicable law.  Any shares
delivered to the Company in payment of the aggregate amended Option Price
shall be valued at the Fair Market Value (as defined in the Plan) of the
Company's shares.  Unless otherwise provided by the Administrator, if
Employee is, at the time of exercise, an Officer (as defined in the Plan),
the Company shall withhold the appropriate number of Shares, rounded up to
the next whole number, as are determined by the Administrator to have a
Fair Market Value equal to the amount required to satisfy applicable
withholding taxes.  If Employee is not an Officer at the date of exercise,
he may elect to have Shares withheld or may deliver cash or a check to pay
the withholding taxes.  The Option shall be exercised in accordance with
such administrative regulations as the Administrator of the Plan shall from
time to time adopt.

III. EXPIRATION

     All unexercised rights under the Option shall expire on the date
specified in Section I above or on the date specified in this Section III
in the event that Employee's employment is terminated.

           (a)   Upon termination of Employee's employment with the
     Company or a subsidiary due to Employee's death, the right to
     exercise the Option shall be accelerated and shall accrue as of the
     date of Employee's death, and may be exercised by Employee's
     executor, administrator or the person to whom the rights under the
     Option shall pass by Employee's will or by the laws of descent and
     distribution, within one (1) year from the date of Employee's death.

           (b)   Upon the termination of Employee's employment with the
     Company or its subsidiaries for "cause," as defined in the Plan, this
     Option, to the extent not exercised, shall lapse and be of no further
     force or effect whatsoever.  Upon such lapse, Employee shall not be
     entitled nor have the right to purchase any additional Shares under
     the Plan or, to the extent not exercised before such termination,
     pursuant to this Agreement.

           (c)   Upon cessation of Employee's employment for any reason
     other than for death or for cause, this Option may be exercised, to
     the extent it was otherwise exercisable on the date of cessation of
     employment, within ninety (90) days of such cessation of employment.
     In the event of Employee's death within the ninety day period
     following termination of employment, the Option may be exercised by
     his Beneficiary, to the extent it was otherwise exercisable, within
     one (1) year of the date of Employee's death.

                                   2

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IV.  NON-ISSUANCE

     The Company shall not be required to issue or deliver any Shares upon
Employee's exercise of the Option:

           (a)   Prior to the admission of such Shares to listing on any
     public exchange on which the Company's common stock may be listed; or

           (b)   Prior to the completion of any proceedings under any
     applicable state or federal securities law, rule or regulation that
     the Company or its counsel determines to be necessary or advisable to
     the issuance of the Shares; or

           (c)   Unless such issuance, in the opinion of the Company's
     counsel, is exempt from federal and state securities registration
     requirements.

The Company may require Employee to represent and agree in writing that if
such Shares are issuable under an exemption from registration requirements,
the Shares will be "restricted".  Employee shall not have the rights of a
shareholder with respect to the Shares until certificates evidencing the
Shares have been issued and delivered to Employee.  While the Company will
attempt to process the exercise of the Option as promptly as possible, it
cannot guarantee a delivery date for the certificates.

V.   REORGANIZATION

     If prior to the expiration of the Option, the Shares then subject to
the Option shall be affected by any recapitalization, merger,
consolidation, reorganization, stock dividend, stock split or other change
in capitalization affecting the common stock of the Company, the Company
will appropriately adjust the number and kind of Shares covered by the
Option and the Option Price per share as is necessary to prevent dilution
or the enlargement of rights which might otherwise result.

VI.  HOLDING PERIOD

     Employee hereby acknowledges that, although this Agreement may
provide for more liberal exercise periods, exercise of the Option more than
three months after termination of employment for any reason other than
disability, or exercise of the Option more than one year after termination
of employment in the case of disability, shall cause the Option to lose its
qualification as an Incentive Stock Option under the Code (as defined in
the Plan).  Similarly, the sale, exchange or other disposition of any of
the Shares purchased pursuant to the Option at any time earlier than two
years from the Date of Grant or within one year after the Shares are
transferred to Employee pursuant to the exercise of the Option will result
in a "disqualifying disposition" under Code Section 422(a).  A disqualify-
ing disposition will cause Employee to incur immediate income tax liability
upon the disposition of the Shares.  Employee hereby covenants and agrees
to notify the Company of any such disqualifying disposition and to pay the
Company any applicable withholding taxes for which the Company becomes
liable as a result of such disqualifying disposition.

                                   3

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VII. NOTICE

     All notices given pursuant to or in connection with this Agreement
shall be in writing and shall be deemed to be duly given when personally
delivered or when mailed, if sent by certified or registered mail, postage
prepaid, return receipt requested, and addressed as follows, or to such
other address as the parties may indicate:

     If to the Company:           Coolsavings, Inc.
                                  360 N. Michigan Ave.
                                  19th Floor
                                  Chicago, Illinois 60601
                                  Attention:  Controller

     If to Employee:
                                  ------------------------------

                                  ------------------------------

VIII. NO RIGHT TO EMPLOYMENT CONFERRED

     Nothing in this Agreement or the Plan shall confer upon Employee any
right to continue in employment with the Company or a subsidiary or
interfere in any way with the right of the Company or any subsidiary to
terminate such person's employment at any time.

IX.  SEVERABILITY

     If any provision of this Agreement is held invalid or unenforceable,
the remaining provisions shall continue to be in full force and effect to
the maximum extent permitted by law.  If the implementation or presence of
any provision of this Agreement would or will cause the Plan and thereby
the Shares purchased thereunder to not be in compliance with Rule 16b-3
under the Securities Exchange Act of 1934 or any other statutory provision,
such Agreement provision shall not be implemented or, at the Company's
option following notice, such provision shall be severed from the Agreement
as is appropriate or necessary to achieve statutory compliance; provided,
however, that the parties hereby agree to negotiate in good faith as may be
necessary to modify this Agreement to achieve statutory compliance or
otherwise effectuate the intent of the parties following a severance
permitted by this Section IX.

X.   AMENDMENT

     This instrument contains the entire Agreement of the parties and may
only be amended by written agreement executed by the parties hereto or
their respective successors, as permitted by the Plan.  Notwithstanding the
foregoing, the Administrator may, in its discretion, amend this Agreement
without the consent of Employee in such a manner as it believes will
prevent the amended Option from resulting in "applicable employee
remuneration" within the meaning of Section 162(m) of the Code or
regulations thereunder.

XI.  GOVERNING LAW

     This Agreement is made and entered into and shall be construed and
enforced in accordance with the laws of the State of Delaware.

                                   4

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XII. HEADINGS

     The section numbers and headings contained in this Agreement are for
reference purposes only and shall not in any way affect the meaning or
interpretation of this Agreement.

XIII. CONDITION TO AND ACCEPTANCE OF OPTION

     The grant of the Option is conditioned upon receipt by the Company
within five days of the Date of Grant of a "Terms of Employment" agreement
executed by the Employee containing the standard Company non-compete, non-
disclosure and non-solicitation covenants.  The exercise of the Option is
conditioned upon acceptance by Employee of the terms hereof as evidenced by
his or her execution of this Agreement and the return of an executed copy
to the Secretary of the Company no later than sixty days after the date set
forth in the following paragraph.

     IN WITNESS WHEREOF, this Incentive Stock Option Agreement is hereby
executed effective as of _____________________.

                                  COMPANY:

                                  CoolSavings, Inc.,
                                  a Delaware corporation

                                  By:
                                       ------------------------------

                                       ------------------------------
                                       Chairman and
                                       Chief Executive Officer

                                  EMPLOYEE:

                                  -----------------------------------

                                   5EXHIBIT 4.9
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                         coolsavings.com inc.

             1999 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

                              ARTICLE I.

                   PURPOSE AND ADOPTION OF THE PLAN
                   --------------------------------

     1.01  PURPOSE.  The purpose of the coolsavings.com inc. Non-Employee
Director Stock Option Plan is to attract and retain the services of
experienced and knowledgeable independent directors of coolsavings.com inc.
(the "Company") and to provide an additional incentive for such directors
to continue to work for the best interests of the Company and its
stockholders.

     1.02  ADOPTION AND TERM. The Plan was approved by the Board on
July 13, 1999, subject to approval of the Company's stockholders on or
before July 13, 2000, and will remain in effect until all shares authorized
under the terms of the Plan have been issued, unless earlier terminated or
abandoned by action of the Board.

                              ARTICLE II.

                              DEFINITIONS
                              -----------

     2.01  ANNUAL OPTION has the meaning described in Section 5.01(b).

     2.02  BENEFICIARY means (a) an individual, trust or estate who or
which, by will or by operation of the laws of descent and distribution,
succeeds to the rights and obligations of the Non-Employee Director under
the Plan and Option Agreement upon the Non-Employee Director's death; or
(b) an individual, who by designation of the Non-Employee Director,
succeeds to the rights and obligations of the Non-Employee Director under
the Plan and Option Agreement upon the Non-Employee Director's death.

     2.03  BOARD means the Board of Directors of the Company.

     2.04  CODE means the Internal Revenue Code of 1986, as amended.
References to a section of the Code shall include that section and any
comparable section or sections of any future legislation that amends,
supplements or supersedes that section.

     2.05  COMPANY means coolsavings.com inc., a Michigan corporation.

     2.06  COMPANY COMMON STOCK means the Common Stock of the Company, no
par value.

     2.07  CORPORATE TRANSACTION means a dissolution or liquidation of the
Company, a sale of all or substantially all of the Company's assets, or a
merger, consolidation or other capital reorganization of the Company with
or into another entity.

     2.08  DATE OF GRANT means (a) for purposes of the Initial Option, the
later of (i) the date this Plan becomes effective under Section 1.02 or
(ii) the date such Optionee first becomes a Non-Employee Director, and (b)
for purposes of the Annual Option, the date of the annual meeting of the
Company's stockholders.

                                   1

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     2.09  DIRECTOR means a member of the Board of Directors of the
Company.

     2.10  EMPLOYEE means any person, including any officer or Director,
employed by the Company or any Parent or Subsidiary of the Company.  The
payment of a director's fee by the Company shall not be sufficient in and
of itself to constitute "employment" by the Company.

     2.11  EXCHANGE ACT means the Securities Exchange Act of 1934, as
amended.

     2.12  EXPIRATION DATE means the date specified in an Option Agreement
as the expiration date of such Award.

     2.13  FAIR MARKET VALUE means, on any given date, the fair market
value of the Company Common Stock as determined in good faith by the Board;
provided, however, that: (a) if the Company Common Stock is admitted to
quotation on the National Association of Securities Dealers Automated
Quotation System ("Nasdaq") Small-Cap Market on the date the Option is
granted, the Fair Market Value means the average of the highest bid and
lowest asked prices of the Company Common Stock on Nasdaq reported for such
date; (b) if the Company Common Stock is admitted to trading on a national
securities exchange or the Nasdaq National Market on the date the Option is
granted, the Fair Market Value means the closing price reported for the
Company Common Stock on such exchange or system for such date or, if no
sales were reported for such date, for the last date preceding such date
for which a sale was reported; and (c) the Fair Market Value of the Company
Common Stock on the effective date of the registration statement for the
Company's initial public offering shall be the initial offering price.

     2.14  INITIAL OPTION has the meaning described in Section 5.01(a).

     2.15  NON-EMPLOYEE DIRECTOR means a Director who is not an Employee.

     2.16  NON-QUALIFIED STOCK OPTION means a stock option which is not an
Incentive Stock Option as described in Section 422 of the Code.

     2.17  OPTION means a Non-Qualified Stock Option granted at any time
under the Plan.

     2.18  OPTION AGREEMENT means a written agreement between the Company
and the optionholder evidencing the grant of an Option and setting forth
the terms and conditions of the Option.

     2.19  OPTIONEE means a Non-Employee Director who receives an Option.

     2.20  OPTION SHARES means a number of shares of Company Common Stock
(rounded down to the nearest whole number) equal to the quotient derived by
dividing $50,000 by the Fair Market Value on the Date of Grant.

     2.21  PARENT means a "parent corporation," whether now or hereafter
existing, as defined in Section 424(e) of the Code.

     2.22  PLAN means the coolsavings.com inc. 1999 Non-Employee Director
Stock Option Plan, as described herein and as it may be amended from time
to time.

     2.23  PURCHASE PRICE, with respect to Options, has the meaning set
forth in Section 5.02.

     2.24  RULE 16b-3 means Rule 16b-3 promulgated by the Securities and
Exchange Commission under Section 16 of the Exchange Act, as currently in
effect and as it may be amended from time to time, and any successor rule.

     2.25  SUBSIDIARY means a "subsidiary corporation," whether now or
hereafter existing, as defined in Section 424(f) of the Code.

                                   2

<PAGE>

                             ARTICLE III.

          COMPANY COMMON STOCK ISSUABLE PURSUANT TO THE PLAN
          --------------------------------------------------

     3.01  SHARES ISSUABLE.  Shares to be issued under the Plan may be
authorized and unissued shares or issued shares which have been reacquired
by the Company.  Except as provided in Section 3.03, the Options granted
under the Plan shall be limited so that all shares which shall be issued
upon the exercise of outstanding Options granted under the Plan shall never
exceed two percent (2%) of the issued and outstanding shares of Company
Common Stock.

     3.02  SHARES SUBJECT TO TERMINATED OPTIONS.  In the event that any
Option at any time granted under the Plan shall be surrendered to the
Company, be terminated or expire before it shall have been fully exercised,
then all shares formerly subject to such Option as to which such Option
shall not have been exercised shall be available for any Option
subsequently granted in accordance with the Plan.

     3.03  ADJUSTMENTS TO REFLECT CAPITAL CHANGES.

           (a)   RECAPITALIZATION.  The number and kind of shares subject
     to outstanding Options, the Purchase Price for such shares, and the
     number and kind of shares available for Options subsequently granted
     under the Plan shall be appropriately adjusted to reflect any stock
     dividend, stock split, reverse stock split, combination or
     classification of Company Common Stock or any other increase or
     decrease in the number of issued shares of Company Common Stock
     effected without receipt of consideration by the Company; provided,
     however, that conversion of any convertible securities of the Company
     shall not be deemed to have been "effected without receipt of
     consideration."  The Board shall have the power to determine the
     amount of the adjustment to be made in each case and the Board's
     determination in that respect shall be final, binding and conclusive.
     Except as expressly provided herein, no issuance by the Company of
     shares of stock of any class, or securities convertible into shares
     of stock of any class, shall affect, and no adjustment by reason
     thereof shall be made with respect to, the number or Purchase Price
     of shares of Company Common Stock subject to an Option.

           (b)   CORPORATE TRANSACTIONS.  In the event of a Corporate
     Transaction, outstanding Options may be assumed or equivalent options
     may be substituted by the successor corporation or a Parent or
     Subsidiary thereof (the "Successor Corporation").  If an Option is
     assumed or substituted for, the Option or equivalent option shall
     continue to be exercisable in accordance with this Plan for so long
     as the Optionee serves as a Director or a director of the Successor
     Corporation.  Following such assumption or substitution, if the
     Optionee's status as a Director or director of the Successor
     Corporation, as applicable, is terminated other than upon a voluntary
     resignation by the Optionee, the Option or option shall become fully
     exercisable, including as to shares for which it would not otherwise
     be exercisable.  Thereafter, the Option or option shall remain
     exercisable in accordance with Section 5.04.

           If the Successor Corporation does not assume an outstanding
     Option or substitute for it an equivalent option, the Option shall
     become fully vested and exercisable, including as to shares for which
     it would not otherwise be exercisable.  In such event, the Board
     shall notify the Optionee that the Option shall be fully exercisable
     for a period of thirty (30) days from the date of such notice, and
     upon the expiration of such period the Option shall terminate.

                                   3

<PAGE>

           For the purposes of this Section 3.03(b), an Option shall be
     considered assumed, if at the time of issuance of the stock or other
     consideration upon such Corporate Transaction, each Optionee would be
     entitled to receive upon exercise of an Option the same number and
     kind of shares of stock or the same amount of property, cash or
     securities as the Optionee would have been entitled to receive upon
     the occurrence of such transaction if the Optionee had been,
     immediately prior to such transaction, the holder of the number of
     shares of Company Common Stock subject to the Option at such time
     (after giving effect to any adjustments in the number of shares
     covered by the Option as provided for in Section 3.03(a)); provided,
     however, that if such consideration received in the Corporate
     Transaction is not solely common stock of the Successor Corporation,
     the Board may, with the consent of the Successor Corporation, provide
     for the consideration to be received upon exercise of the Option, for
     each share of Company Common Stock subject to the Option, to be
     solely common stock of the Successor Corporation equal in fair market
     value to the per share consideration received by holders of Company
     Common Stock in the Corporate Transaction.

                              ARTICLE IV.

                             PARTICIPATION
                             -------------

     4.01  ELIGIBLE INDIVIDUALS.  All Non-Employee Directors of the
Company shall be eligible to receive Options under the Plan.

                              ARTICLE V.

                             OPTION AWARDS
                             -------------

     5.01  GRANT OF OPTIONS.  All grants of Options to Non-Employee
Directors under this Plan shall be automatic and non-discretionary and
shall be made strictly in accordance with the following provisions:

           (a)   INITIAL OPTIONS.  On the date that this Plan is adopted
     by the Board, each Non-Employee Director shall automatically receive
     a Non-Qualified Stock Option to purchase the Option Shares, subject
     to adjustment in accordance with Section 3.03 (the "Initial Option").
     Thereafter, each Non-Employee Director shall automatically receive
     the Initial Option on the day he or she first becomes a Director.
     All Options under this Section 5.01(a) shall be evidenced by an
     Option Agreement.

           (b)   ANNUAL OPTIONS.  Each Non-Employee Director shall
     automatically receive a Non-Qualified Stock Option to purchase the
     Option Shares, subject to adjustment in accordance with Section 3.03
     (the "Annual Option"), on the date of each annual meeting of the
     Company's stockholders occurring after the stockholders approve the
     Plan in accordance with Section 1.02, provided he or she is then a
     Non-Employee Director and, as of such date, he or she has served on
     the Board for at least six (6) months prior to the date of such
     annual meeting.  All Options granted under this Section 5.01(b) shall
     be evidenced by an Option Agreement.

     5.02  PURCHASE PRICE OF OPTIONS.  The Purchase Price of each share of
Company Common Stock which may be purchased upon exercise of an Option
granted under the Plan shall be 100% of the Fair Market Value on the Date
of Grant.

                                   4

<PAGE>

     5.03  VESTING OF OPTIONS.  No Option may be exercised prior to the
date one (1) year after the Date of Grant but each Option shall be fully
(100%) exercisable from and after the date one (1) year after the Date of
Grant.

     5.04  DURATION OF OPTIONS.  Options granted under the Plan shall
terminate after the first to occur of the following events:

           (a)   Ten years from the Date of Grant.

           (b)   Three months after the Optionee ceases to be a Director,
     except in the case of death, as described in (c) below.

           (c)   In the event of the death of an Optionee while a
     Director, the right to exercise all unexpired Options shall be
     accelerated and shall accrue as of the date of death, and the
     Optionee's Options may be exercised by his Beneficiary at any time
     within one year after the date of the Optionee's death.  In the event
     of the death of an Optionee within the ninety day period after he or
     she ceases to be a Director, the Optionee's Beneficiary may exercise
     his or her Options, to the extent exercisable on the date of death,
     within one year after the date of the Optionee's death.

     5.05  EXERCISE PROCEDURES.  Each Option granted under the Plan may be
exercised by written notice to the Company which must be received by the
Secretary of the Company on or before the Expiration Date of the Option.
An Option may not be exercised for a fraction of a share of Company Common
Stock.  The Purchase Price of shares purchased upon exercise of an Option
granted under the Plan shall be paid by the Optionee at the time of
exercise in the form of (a) cash, (b) check, (c) other shares which (i)
have been owned by the Optionee for more than six (6) months on the date of
surrender and (ii) have a Fair Market Value on the date of surrender equal
to the aggregate Purchase Price of shares purchased upon exercise of the
Option, (d) consideration received by the Company under a cashless exercise
program implemented by the Company in connection with the Plan, (e) any
combination of the foregoing methods of payment, and/or (f) any other
consideration or method of payment as shall be permitted under applicable
corporate law.

     5.06  RIGHTS AS A STOCKHOLDER.  The Optionee or any transferee of an
Option pursuant to Section 5.04(c) or Section 5.09 shall have no rights as
a stockholder with respect to any shares of Company Common Stock covered by
an Option until the Optionee or transferee shall have become the holder of
record of any such shares, and no adjustment shall be made for dividends
and cash or other property or distributions or other rights with respect to
any such shares of Company Common Stock for which the record date is prior
to the date on which the Optionee or a transferee of the Option shall have
become the holder of record of any such shares covered by the Option.

     5.07  PLAN PROVISIONS CONTROL OPTION TERMS.  The terms of the Plan
shall govern all Options granted under the Plan.  In the event any
provision of any Option granted under the Plan shall conflict with any term
in the Plan as constituted on the Date of Grant of such Option, the term in
the Plan as constituted on the Date of Grant of such Option shall control.
Except as provided in Section 3.03, (i) the terms of any Option granted
under the Plan may not be changed after the granting of such Option without
the express approval of the Optionee and (ii) no modification may be made
to an Option granted under the Plan except in compliance with Rule 16b-3.

     5.08  TAXES.  The Company shall be entitled, if the Company deems it
necessary or desirable, to withhold (or secure payment from the Non-
Employee Director in lieu of withholding) the amount of any withholding or
other tax required by law to be withheld or paid by the Company with
respect to any shares issuable upon exercise of an Option, and the Company
may defer issuance of the stock upon exercise unless indemnified to its
satisfaction against any liability for such tax.

                                   5

<PAGE>

     5.09  LIMITATIONS ON TRANSFER.  An Optionee's rights and interest
under the Plan may not be assigned or transferred other than by will or the
laws of descent and distribution.  Notwithstanding the foregoing, or any
other provision of this Plan, an Optionee may transfer Options to his or
her spouse, lineal ascendants, lineal descendants, or to a duly established
trust for the benefit of one or more of these individuals.  Options so
transferred may thereafter be transferred only to the Optionee who
originally received the Options or to an individual or trust to whom the
Optionee could have initially transferred the Option pursuant to this
Section 5.09.  Options which are transferred pursuant to this Section 5.09
shall be exercisable by the transferee according to the same terms and
conditions as applied to the Optionee.

     5.10  SUSPENSION OR TERMINATION OF OPTION.  If the Chief Executive
Officer or his or her designee reasonably believes that an Optionee has
committed an act of misconduct, such officer may suspend the Optionee's
right to exercise any Option pending a determination by the Board
(excluding the Non-Employee Director accused of such misconduct).  If the
Board (excluding the Non-Employee Director accused of such misconduct)
determines an Optionee has committed an act of embezzlement, fraud,
dishonesty, nonpayment of an obligation owed to the Company, breach of
fiduciary duty or deliberate disregard of the Company rules resulting in
loss, damage or injury to the Company, or if an Optionee makes an
unauthorized disclosure of any Company trade secret or confidential
information, fails to attend at least 50% of all Board meetings, engages in
any conduct constituting unfair competition or induces any Company customer
to breach a contract with the Company, neither the Optionee nor any
Beneficiary shall be entitled to exercise any Option whatsoever.  In making
such determination, the Board (excluding the Non-Employee Director accused
of such misconduct) shall act fairly and shall give the Optionee an
opportunity to appear and present evidence on such Optionee's behalf at a
hearing before the Board or a committee thereof.

                              ARTICLE VI.

                          GENERAL PROVISIONS
                          ------------------

     6.01  AMENDMENT AND TERMINATION OF PLAN.

           (a)   AMENDMENT.  The Board shall have complete power and
     authority to amend the Plan at any time as it deems necessary or
     appropriate and no approval by the stockholders of the Company or by
     any other person, committee or entity of any kind shall be required
     to make any amendment; provided, however, that the Board shall not,
     without the requisite affirmative approval of stockholders of the
     Company, make any amendment which requires stockholder approval under
     any applicable law, including Rule 16b-3 or the Code, unless such
     compliance, if discretionary, is no longer desired.  No termination
     or amendment of the Plan may, without the consent of the Non-Employee
     Director to whom any Option shall theretofore have been granted under
     the Plan, adversely affect the right of such individual under such
     Option.  For the purposes of this section, an amendment to the Plan
     shall be deemed to have the affirmative approval of the stockholders
     of the Company if such amendment shall have been submitted for a vote
     by the stockholders at a duly called meeting of such stockholders at
     which a quorum was present and the majority of votes cast with
     respect to such amendment at such meeting shall have been cast in
     favor of such amendment, or if the holders of outstanding stock
     having not less than a majority of the outstanding shares consent to
     such amendment in writing in the manner provided under the Company's
     bylaws.

           (b)   TERMINATION.  The Board shall have the right and the
     power to terminate the Plan at any time.  If the Plan is not earlier
     terminated, the Plan shall terminate when all shares authorized under
     the Plan have been issued.  No Option shall be granted under the Plan

                                   6

<PAGE>

     after the termination of the Plan, but the termination of the Plan
     shall not have any other effect and any Option outstanding at the
     time of the termination of the Plan may be exercised after
     termination of the Plan at any time prior to the expiration date of
     such Option to the same extent such award would have been exercisable
     if the Plan had not been terminated.

     6.02  NO RIGHT TO CONTINUE AS DIRECTOR.  Neither the Plan nor any
action taken hereunder shall be construed as giving any Non-Employee
Director any right to be retained as a Director, or to limit in any way the
right of the stockholders of the Company to remove such person as a
Director.

     6.03  SECURITIES LAW RESTRICTIONS.  The shares of Company Common
Stock issuable pursuant to the terms of any Options granted under the Plan
may not be issued by the Company without registration or qualification of
such shares under the Securities Act of 1933, as amended, or under various
state securities laws or without an exemption from such registration
requirements.  Unless the shares to be issued under the Plan have been
registered and/or qualified as appropriate, the Company shall be under no
obligation to issue shares of Company Common Stock upon exercise of an
Option unless and until such time as there is an appropriate exemption
available from the registration or qualification requirements of federal or
state law as determined by the Company in its sole discretion.  The Company
may require any person who is granted an award hereunder to agree with the
Company to represent and agree in writing that if such shares are issuable
under an exemption from registration requirements, the shares will be
"restricted" securities which may be resold only in compliance with
applicable securities laws, and that such person is acquiring the shares
issued upon exercise of the Option for investment, and not with the view
toward distribution.

     6.04  GENERAL RESTRICTION.  Notwithstanding anything to the contrary
herein, the Company shall have no obligation or liability to deliver any
shares of Company Common Stock under the Plan or to make any other
distribution of benefits under the Plan unless such delivery or
distribution would comply with all applicable laws, rules and regulations,
including, without limitation, the Securities Act of 1933, as amended, and
the Exchange Act.

     6.05  NON-EXCLUSIVITY OF THE PLAN.  Neither the adoption of the Plan
by the Board nor the submission of the Plan to the stockholders of the
Company for approval shall be construed as creating any limitations on the
power of the Board to adopt such other incentive arrangements as it may
deem desirable, including, without limitation, the granting of stock or
stock options otherwise than under the Plan.

     6.06  CAPTIONS.  The captions (i.e., all section headings) used in
the Plan are for convenience only, do not constitute a part of the Plan,
and shall not be deemed to limit, characterize or affect in any way any
provisions of the Plan, and all provisions of the Plan shall be construed
as if no captions have been used in the Plan.

     6.07  SEVERABILITY.  Whenever possible, each provision in the Plan
and every Option at any time granted under the Plan shall be interpreted in
such a manner as to be effective and valid under applicable law, but if any
provision of the Plan or any Option at any time granted under the Plan
shall be held to be prohibited or invalid under applicable law, then
(a) such provision shall be deemed amended to accomplish the objectives of
the provision as originally written to the fullest extent permitted by law
and (b) all other provisions of the Plan and every other Option at any time
granted under the Plan shall remain in full force and effect.

     6.08  CHOICE OF LAW.  All determinations made and actions taken
pursuant to the Plan shall be governed by the laws of Michigan and
construed in accordance therewith.

                                   7

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