Document:

EXHIBIT 10.5

                                PROMISSORY NOTE

$4,000.00                                                         March 22, 2006
                                                                   AUSTIN, TEXAS

FOR  VALUE,  the  receipt  and  sufficiency  of  which  are  herby acknowledged,
Allmarine Consultants Corporation, a Nevada company referred to as ("Borrower"),
promises  to pay to Michael Chavez ("Lender"), or order, at Austin, Texas, or as
otherwise  instructed, the principal sum of four thousand dollars ($4,000.00) in
lawful  tender of the United States, together with simple interest thereon at an
annual  interest  rate  of  four  percent  (4%).

TERMS  OF REPAYMENT.  This Promissory Note shall become due and payable together
--------------------
will  all  accrued  interest  on  March 22,  2007.

DEFAULT.  Any  one  or  more  of the following events shall constitute a Default
--------
under  the  terms  of  this  Note:

     1)   Borrower fail to make timely payment when due.
     2)   Borrower  breaches  an  agreement  or  promise  made  to  Lender,  or
          fails to timely perform any obligation owing to Lender.
     3)   Borrower  makes  any  representation  or  statement  to Lender that is
          false or misleading in any material manner.
     4)   Borrower  becomes  insolvent,  or  a  receiver  is  appointed  for any
          part  of  all  of Borrower's property, of Borrower makes an assignment
          for  the  benefit of creditors, or any proceeding is brought either by
          Borrower of against Borrower under any Bankruptcy or insolvency laws.

In  the  event  of  any  default  as  described  herein, Lender, without further
protest,  presentment  or notice, may declare all sums due and payable, together
with  any  interest  then  due.

WAIVER.  Forbearance of any payment due of modification of any term of this Note
-------
by  Lender  in  any  manner shall not be deemed nor construed as a waiver of any
other  rights  in  favor  of  Lender  under  the  terms  of  this  Notice.

LEGAL.  This  Note  shall be construed in accordance with the laws of that State
------
of  Texas,  which  shall be the choice of jurisdiction and venue for purposes of
enforcement  of this Note.  If any action is brought to enforce any provision or
collect  on  this  Note, the prevailing party shall be entitled to reimbursement
for all reasonable attorney's fees and costs, in addition to any other relief to
which  that  party  may  be  entitled.

                              ALLMARINE CONSULTANTS CORPORATION

                              By: /s/ Michael Chavez
                                  ------------------------------
                                  Michael Chavez
                                  President / CEO

<PAGE>EXHIBIT 10.6

                                PROMISSORY NOTE

$2,000.00                                                          JUNE 13, 2006
                                                                   AUSTIN, TEXAS

FOR  VALUE,  the  receipt  and  sufficiency  of  which  are  herby acknowledged,
Allmarine Consultants Corporation, a Nevada company referred to as ("Borrower"),
promises  to pay to Michael Chavez ("Lender"), or order, at Austin, Texas, or as
otherwise  instructed, the principal sum of four thousand dollars ($2,000.00) in
lawful  tender of the United States, together with simple interest thereon at an
annual  interest  rate  of  four  percent  (4%).

TERMS  OF REPAYMENT.  This Promissory Note shall become due and payable together
-------------------
will  all  accrued  interest  on  June 13,  2007.

DEFAULT.  Any  one  or  more  of the following events shall constitute a Default
-------
under  the  terms  of  this  Note:

     1)   Borrower fail to make timely payment when due.
     2)   Borrower  breaches  an  agreement  or  promise  made  to  Lender,  or
          fails to timely perform any obligation owing to Lender.
     3)   Borrower  makes  any  representation  or  statement  to Lender that is
          false or misleading in any material manner.
     4)   Borrower  becomes  insolvent,  or  a  receiver  is  appointed  for any
          part  of  all  of Borrower's property, of Borrower makes an assignment
          for  the  benefit of creditors, or any proceeding is brought either by
          Borrower of against Borrower under any Bankruptcy or insolvency laws.

In  the  event  of  any  default  as  described  herein, Lender, without further
protest,  presentment  or notice, may declare all sums due and payable, together
with  any  interest  then  due.

WAIVER.  Forbearance of any payment due of modification of any term of this Note
------
by  Lender  in  any  manner shall not be deemed nor construed as a waiver of any
other  rights  in  favor  of  Lender  under  the  terms  of  this  Notice.

LEGAL.  This  Note  shall be construed in accordance with the laws of that State
-----
of  Texas,  which  shall be the choice of jurisdiction and venue for purposes of
enforcement  of this Note.  If any action is brought to enforce any provision or
collect  on  this  Note, the prevailing party shall be entitled to reimbursement
for all reasonable attorney's fees and costs, in addition to any other relief to
which  that  party  may  be  entitled.

                              ALLMARINE CONSULTANTS CORPORATION

                              By: /s/ Michael Chavez
                                  ------------------------------
                                  Michael Chavez
                                  President / CEO

<PAGE>EXHIBIT 4.1

                          THE WORLD GOLF LEAGUE, INC.
                           2006 STOCK INCENTIVE PLAN

                             ARTICLE I -- PREAMBLE

     1.1  This  2006  Stock  Incentive  Plan  of  The World Golf League, Inc. is
intended  to secure for the Company and its Affiliates the benefits arising from
ownership  of  the  Company's Common Stock by the Employees, Officers, Directors
and  Consultants  of the Company and its Affiliates, all of whom are and will be
responsible  for  the  Company's  future  growth.  The  Plan is designed to help
attract  and  retain  for  the  Company and its Affiliates personnel of superior
ability  for  positions  of  exceptional  responsibility,  to  reward Employees,
Officers,  Directors  and  Consultants  for  their services and to motivate such
individuals through added incentives to further contribute to the success of the
Company and its Affiliates. With respect to persons subject to Section 16 of the
Act,  transactions  under  this Plan are intended to satisfy the requirements of
Rule  16b-3  of  the  Act.

     1.2  Awards under the Plan may be made to an Eligible Person in the form of
(i)  Incentive  Stock  Options  (to  Eligible Employees only); (ii) Nonqualified
Stock  Options;  (iii)  Restricted  Stock;  (iv)  Stock  Awards; (v) Performance
Shares;  or  (vi)  any  combination  of  the  foregoing.

     1.3  The  Company's  board  of directors adopted the Plan on July 11, 2006.
The  Plan  shall be effective August 16, 2006 (the "Effective Date"), subject to
approval  by  the shareholders of the Company to the extent necessary to satisfy
the requirements of the Code, the Act, or other applicable federal or state law.
Unless  sooner  terminated  as  provided elsewhere in this Plan, this Plan shall
terminate  upon the close of business on the day next preceding the tenth (10th)
anniversary  of  the  Effective Date.  Award Agreements outstanding on such date
shall  continue  to  have  force  and  effect  in accordance with the provisions
thereof.

     1.4  The  Plan  shall be governed by, and construed in accordance with, the
laws  of  the  State  of  Texas  (except  its  choice-of-law  provisions).

     1.5  Capitalized terms shall have the meaning provided in Article II unless
otherwise  provided  in  this  Plan  or  any  related  Award  Agreement.

                           ARTICLE II -- DEFINITIONS

     DEFINITIONS.  Except  where  the context otherwise indicates, the following
definitions  apply:

     2.1  "Act"  means  the Securities Exchange Act of 1934, as now in effect or
as  hereafter  amended.

     2.2  "Affiliate"  means any parent corporation or subsidiary corporation of
the  Company, whether now or hereinafter existing, as those terms are defined in
Sections  424(e)  and  (f),  respectively,  of  the  Code.

     2.3  "Award" means an award granted to a Participant in accordance with the
provisions of the Plan, including, but not limited to, Stock Options, Restricted
Stock,  Stock  Awards,  Performance Shares, or any combination of the foregoing.

     2.4  "Award Agreement" means the separate written agreement evidencing each
Award  granted  to  a  Participant  under  the  Plan.

<PAGE>

     2.5  "Board  of  Directors"  or "Board" means the Board of Directors of the
Company,  as  constituted  from  time  to  time.

     2.7  "Change  of  Control"  means  (i)  the adoption of a plan of merger or
consolidation  of  the  Company  with  any other corporation or association as a
result  of  which  the  holders  of the voting capital stock of the Company as a
group  would  receive less than 50% of the voting capital stock of the surviving
or  resulting  corporation;  (ii)  the  approval by the Board of Directors of an
agreement  providing  for  the  sale  or  transfer  (other  than as security for
obligations  of  the Company) of substantially all the assets of the Company; or
(iii)  in  the  absence  of  a  prior  expression  of  approval  by the Board of
Directors,  the  acquisition  of  more  than 20% of the Company's voting capital
stock  by  any person within the meaning of Rule 13d-3 under the Act (other than
the  Company or a person that directly or indirectly controls, is controlled by,
or  is  under  common  control  with,  the  Company).

     2.8  "Code"  means  the  Internal Revenue Code of 1986, as amended, and the
regulations  and  interpretations  promulgated  thereunder.

     2.9  "Committee"  means  a  committee  of  two or more members of the Board
appointed  by  the  Board  in  accordance  with  Section  3.2  of  the  Plan.

     2.10  "Common  Stock"  means  the  Company's  common  stock.

     2.11  "Company"  means  The  World Golf League, Inc., a Nevada corporation.

     2.12.  "Consultant"  means  any person, including an advisor engaged by the
Company  or  an Affiliate to render bona fide consulting or advisory services to
the Company or an Affiliate, other than as an Employee, Director or Non-Employee
Director.

     2.13  "Director"  means  a member of the Board of Directors of the Company.

     2.14  "Disability"  means  the  permanent  and total disability of a person
within  the  meaning  of  Section  22(e)(3)  of  the  Code.

     2.15  "Effective  Date"  shall  be the date set forth in Section 1.3 of the
Plan.

     2.16  "Eligible  Employee"  means  an Eligible Person who is an Employee of
the  Company  or  any  Affiliate.

     2.17  "Eligible Person" means any Employee, Officer, Director, Non-Employee
Director  or  Consultant  of  the Company or any Affiliate, except for instances
where  services  are  in  connection  with  the offer or sale of securities in a
capital-raising  transaction, or they directly or indirectly promote or maintain
a  market  for the Company's securities, subject to any other limitations as may
be  provided by the Code, the Act, or the Board.  In making such determinations,
the  Board  may  take  into  account the nature of the services rendered by such
person,  his or her present and potential contribution to the Company's success,
and  such  other  factors  as  the  Board in its discretion shall deem relevant.

     2.19  "Employee"  means  an  individual who is a common-law employee of the
Company  or  an Affiliate including employment as an Officer.  Mere service as a
Director or payment of a director's fee by the Company or an Affiliate shall not
be  sufficient  to  constitute  "employment"  by  the  Company  or an Affiliate.

<PAGE>

     2.20  "ERISA" means the Employee Retirement Income Security Act of 1974, as
now  in  effect  or  as  hereafter  amended.

     2.21  "Fair  Market  Value"  means:

          (a)  for  purposes  of an Incentive Stock Option, if there is a market
     for  the  Company's  stock,  on  a stock exchange or in an over-the-counter
     market,  or  otherwise, the Fair Market Value shall be the mean between the
     highest  and  lowest  quoted  selling  prices  on the valuation date of the
     Incentive  Stock  Option, or if there were no sales of the Company's Common
     Stock  on  the  valuation date, the Fair Market Value shall be the weighted
     average  of  the  means between the highest and lowest sales on the nearest
     date  before  and the nearest date after the valuation date. If a valuation
     pursuant  to  this  paragraph  is  not  available,  the  appropriate method
     described  in  Section  20.2031-2 of the Treasury Regulations adopted under
     the  Code  shall  be  used  for  the  Fair  Market  Value,  and

          (b)  for  all  other purposes, the mean between the highest and lowest
     quoted  selling  prices  of  the  Common  Stock  (if  actual  sales  price
     information on such trading day is not available, the mean between the bona
     fide bid and asked prices on such trading day shall be used) on the trading
     day  immediately  prior  to the date on which a determination is being made
     pursuant  to  this  Section 2.21 (the "Mean Selling Price"), as reported by
     the  National  Association of Securities Dealers Automated Quotation System
     ("NASDAQ"),  or  if  the  Common  Stock  is  not traded on NASDAQ, the Mean
     Selling  Price  in  the over-the-counter market; provided, however, that if
     the Common Stock is listed on a stock exchange, the Fair Market Value shall
     be  the Mean Selling Price on such exchange; and, provided further, that if
     the  Common  Stock  is  not  quoted or listed by any organization, the fair
     value  of the Common Stock, as determined by the Board, whose determination
     shall be conclusive, shall be used. In no event shall the Fair Market Value
     of  any  share  of  Common  Stock  be  less  than  its  par  value.

     2.22  "Grant  Date"  means,  as  to  any  Award,  the  latest  of:

          (a)  the date on which the Board authorizes the grant of the Award; or

          (b)  the  date the Participant receiving the Award becomes an Employee
     or  a  Director  of  the Company or its Affiliate, to the extent employment
     status is a condition of the grant or a requirement of the Code or the Act;
     or

          (c)  such  other  date  (later than the dates described in (a) and (b)
     above)  as  the  Board  may designate and as set forth in the Participant's
     Award  Agreement.

     2.23  "Immediate  Family"  means  any child, stepchild, grandchild, parent,
stepparent,  grandparent,  spouse,  sibling,  mother-in-law,  father-in-law,
son-in-law,  daughter-in-law,  brother-in-law or sister-in-law and shall include
adoptive  relationships.

     2.24  "Incentive  Stock Option" means a Stock Option intended to qualify as
an  incentive  stock option within the meaning of Section 422 of the Code and is
granted under Article IV of the Plan and designated as an Incentive Stock Option
in  a  Participant's  Award  Agreement.

     2.25  "Non-Employee  Director"  shall  have  the  meaning set forth in Rule
16b-3  under  the  Act.

     2.26  "Nonqualified  Stock  Option"  means  a  Stock Option not intended to
qualify  as  an  Incentive  Stock  Option  and  is  not  so  designated  in  the
Participant's  Award  Agreement.

     2.27  "Officer"  means a person who is an officer of the Company within the
meaning  of  Section  16  of  the  Act.

<PAGE>

     2.28  "Option  Period"  means the period during which a Stock Option may be
exercised  from  time  to time, as established by the Board and set forth in the
Award  Agreement  for  each  Participant  who  is  granted  a  Stock  Option.

     2.29  "Option  Price"  means the purchase price for a share of Common Stock
subject  to purchase pursuant to a Stock Option, as established by the Board and
set  forth  in  the  Award Agreement for each Participant who is granted a Stock
Option.

     2.30  "Outside  Director"  means a Director who either (i) is not a current
employee  of  the  Company or an "affiliated corporation" (within the meaning of
Treasury  Regulations  promulgated  under  Section 162(m) of the Code), is not a
former  employee  of  the  Company  or  an  "affiliated  corporation"  receiving
compensation  for  prior  services  (other  than  benefits under a tax qualified
pension  plan), was not an officer of the Company or an "affiliated corporation"
at  any time and is not currently receiving direct or indirect remuneration from
the  Company  or  an "affiliated corporation" for services in any capacity other
than  as  a  Director  or (ii) is otherwise considered an "outside director" for
purposes  of  Section  162(m)  of  the  Code.

     2.31  "Participant"  means  an  Eligible  Person  to whom an Award has been
granted  and who has entered into an Award Agreement evidencing the Award or, if
applicable,  such  other  person  who  holds  an  outstanding  Award.

     2.32  "Performance  Objectives" shall have the meaning set forth in Article
IX  of  the  Plan.

     2.33  "Performance  Period"  shall have the meaning set forth in Article IX
of  the  Plan.

     2.34  "Performance  Share" means an Award under Article IX of the Plan of a
unit  valued by reference to the Common Stock, the payout of which is subject to
achievement  of  such  Performance  Objectives,  measured  during  one  or  more
Performance  Periods,  as  the Board, in its sole discretion, shall establish at
the  time  of  such  Award  and  set  forth  in a Participant's Award Agreement.

     2.35  "Plan"  means  this  The World Golf League, Inc. 2006 Stock Incentive
Plan,  as  it  may  be  amended  from  time  to  time.

     2.36  "Reporting  Person"  means  a  person  required to file reports under
Section  16(a)  of  the  Act.

     2.37  "Restricted  Stock"  means  an Award under Article VII of the Plan of
shares of Common Stock that are at the time of the Award subject to restrictions
or  limitations  as  to  the  Participant's ability to sell, transfer, pledge or
assign such shares, which restrictions or limitations may lapse separately or in
combination  at  such time or times, in installments or otherwise, as the Board,
in  its sole discretion, shall determine at the time of such Award and set forth
in  a  Participant's  Award  Agreement.

     2.38  "Restriction  Period"  means  the period commencing on the Grant Date
with  respect  to such shares of Restricted Stock and ending on such date as the
Board,  in its sole discretion, shall establish and set forth in a Participant's
Award  Agreement.

     2.39  "Retirement"  means  retirement  as  determined  under  procedures
established  by the Board or in any Award, as set forth in a Participant's Award
Agreement.

     2.40  "Rule  16b-3"  means  Rule  16b-3  promulgated  under  the Act or any
successor  to  Rule  16b-3, as in effect from time to time.  Those provisions of

<PAGE>

the  Plan  which  make express reference to 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  a  Reporting  Person.

     2.41  "Stock  Award" means an Award of shares of Common Stock under Article
VIII  of  the  Plan.

     2.42  "Stock  Option"  means  an Award under Article IV or Article V of the
Plan  of  an  option  to  purchase Common Stock. A Stock Option may be either an
Incentive  Stock  Option  or  a  Nonqualified  Stock  Option.

     2.43  "Ten  Percent Stockholder" means an individual who owns (or is deemed
to  own  pursuant  to  Section  424(d) of the Code), at the time of grant, stock
possessing more than ten percent (10%) of the total combined voting power of all
classes  of  stock  of  the  Company  or  any  of  its  Affiliates.

     2.44  "Termination  of  Service"  means  (i)  in  the  case  of an Eligible
Employee,  the discontinuance of employment of such Participant with the Company
or  its  Subsidiaries  for any reason other than a transfer to another member of
the group consisting of the Company and its Affiliates and (ii) in the case of a
Director  who  is not an Employee of the Company or any Affiliate, the date such
Participant  ceases  to  serve  as  a  Director.  The determination of whether a
Participant  has  discontinued  service  shall  be made by the Board in its sole
discretion.  In  determining  whether a Termination of Service has occurred, the
Board  may  provide  that  service  as  a  Consultant or service with a business
enterprise  in  which  the Company has a significant ownership interest shall be
treated  as  employment  with  the  Company.

                          ARTICLE III - ADMINISTRATION

     3.1  The  Plan  shall  be  administered  by  the  Board of Directors of the
Company.  The Board shall have the exclusive right to interpret and construe the
Plan,  to  select the Eligible Persons who shall receive an Award, and to act in
all  matters  pertaining  to  the  grant  of  an Award and the determination and
interpretation  of  the  provisions  of  the related Award Agreement, including,
without  limitation,  the determination of the number of shares subject to Stock
Options  and  the  Option  Period(s)  and Option Price(s) thereof, the number of
shares  of  Restricted  Stock  or  shares subject to Stock Awards or Performance
Shares  subject  to  an Award, the vesting periods (if any) and the form, terms,
conditions and duration of each Award, and any amendment thereof consistent with
the  provisions  of the Plan.  The Board may adopt, establish, amend and rescind
such rules, regulations and procedures as it may deem appropriate for the proper
administration  of  the  Plan,  make  all other determinations which are, in the
Board's  judgment,  necessary  or desirable for the proper administration of the
Plan,  amend  the Plan or a Stock Award as provided in Article XI, and terminate
or  suspend  the  Plan  as provided in Article XI.  All acts, determinations and
decisions of the Board made or taken pursuant to the Plan or with respect to any
questions  arising  in  connection with the administration and interpretation of
the  Plan  or  any Award Agreement, including the severability of any and all of
the provisions thereof, shall be conclusive, final and binding upon all persons.

     3.2  The  Board  may,  to  the full extent permitted by and consistent with
applicable  law  and  the  Company's  Bylaws, and subject to Subparagraph 3.2(b)
hereinbelow,  delegate  any  or  all  of  its  powers  with  respect  to  the
administration  of  the  Plan  to  a  Committee consisting of not fewer than two
members  of  the Board each of whom shall qualify (at the time of appointment to
the  Committee  and  during  all  periods  of  service  on the Committee) in all
respects  as  a  Non-Employee  Director  and  as  an  Outside  Director.

          (a) If administration is delegated to a Committee, the Committee shall
     have,  in  connection  with  the  administration  of  the  Plan, the powers
     theretofore  possessed  by  the Board, including the power to delegate to a
     subcommittee  any  of the administrative powers the Committee is authorized
     to exercise (and references in the Plan to the Board shall thereafter be to

<PAGE>

     the  Committee or subcommittee), subject, however, to such resolutions, not
     consistent  with the provisions of the Plan, as may be adopted from time to
     time  by  the  Board.

          (b)  The  Board may abolish the Committee at any time and reassume all
     powers  and  authority  previously  delegated  to  the  Committee.

          (c)  In  addition  to,  and  not  in  limitation  of, the right of any
     Committee  so  designated  by  the  Board  to administer this Plan to grant
     Awards to Eligible Persons under this Plan, the full Board of Directors may
     from  time  to  time grant Awards to Eligible Persons pursuant to the terms
     and  conditions of this Plan, subject to the requirements of the Code, Rule
     16b-3  under  the  Act  or any other applicable law, rule or regulation. In
     connection  with  any such grants, the Board of Directors shall have all of
     the  power and authority of the Committee to determine the Eligible Persons
     to  whom such Awards shall be granted and the other terms and conditions of
     such  Awards.

     3.3  Without  limiting  the  provisions of this Article III, and subject to
the  provisions  of Article X, the Board is authorized to take such action as it
determines  to be necessary or advisable, and fair and equitable to Participants
and  to  the  Company,  with  respect  to an outstanding Award in the event of a
Change  of Control as described in Article X or other similar event. Such action
may  include, but shall not be limited to, establishing, amending or waiving the
form,  terms,  conditions  and  duration  of  an  Award  and  the  related Award
Agreement, so as to provide for earlier, later, extended or additional times for
exercise  or  payments,  differing  methods  for calculating payments, alternate
forms  and  amounts  of payment, an accelerated release of restrictions or other
modifications.  The  Board may take such actions pursuant to this Section 3.3 by
adopting  rules  and regulations of general applicability to all Participants or
to  certain  categories of Participants, by including, amending or waiving terms
and  conditions in an Award and the related Award Agreement, or by taking action
with  respect  to  individual  Participants  from  time  to  time.

     3.4  Subject to the provisions of Section 3.9, the maximum aggregate number
of  shares of Common Stock which may be issued pursuant to Awards under the Plan
shall  be Five Hundred Million (500,000,000) shares. Such shares of Common Stock
shall  be  made  available  from  authorized and unissued shares of the Company.

          (a)  For  all  purposes under the Plan, each Performance Share awarded
     shall  be  counted  as  one  share  of  Common  Stock  subject to an Award.

          (b)  If,  for any reason, any shares of Common Stock (including shares
     of  Common  Stock  subject to Performance Shares) that have been awarded or
     are  subject  to  issuance or purchase pursuant to Awards outstanding under
     the  Plan are not delivered or purchased, or are reacquired by the Company,
     for  any  reason,  including  but not limited to a forfeiture of Restricted
     Stock  or failure to earn Performance Shares or the termination, expiration
     or  cancellation  of  a  Stock Option, or any other termination of an Award
     without  payment  being made in the form of shares of Common Stock (whether
     or  not Restricted Stock), such shares of Common Stock shall not be charged
     against  the aggregate number of shares of Common Stock available for Award
     under  the  Plan and shall again be available for Awards under the Plan. In
     no  event, however, may Common Stock that is surrendered or withheld to pay
     the  exercise  price  of  a  Stock  Option  or  to  satisfy tax withholding
     requirements  be  available  for  future  grants  under  the  Plan.

          (c) The foregoing subsections (a) and (b) of this Section 3.4 shall be
     subject  to any limitations provided by the Code or by Rule 16b-3 under the
     Act  or  by  any  other  applicable  law,  rule  or  regulation.

     3.5  Each  Award  granted  under  the  Plan shall be evidenced by a written
Award  Agreement,  which shall be subject to and shall incorporate (by reference

<PAGE>

or  otherwise) the applicable terms and conditions of the Plan and shall include
any  other terms and conditions (not inconsistent with the Plan) required by the
Board.

     3.6  The Company shall not be required to issue or deliver any certificates
for  shares  of  Common  Stock  under  the  Plan  prior  to:

          (a)  any  required  approval  of  the  Plan by the shareholders of the
     Company;  and

          (b) the completion of any registration or qualification of such shares
of  Common  Stock under any federal or state law, or any ruling or regulation of
any  governmental body that the Company shall, in its sole discretion, determine
to  be  necessary  or  advisable.

     3.7  The Board may require any Participant acquiring shares of Common Stock
pursuant  to any Award under the Plan to represent to and agree with the Company
in  writing  that  such  person  is  acquiring  the  shares  of Common Stock for
investment  purposes  and  without  a  view  to  resale or distribution thereof.
Shares of Common Stock issued and delivered under the Plan shall also be subject
to  such  stop-transfer  orders  and  other  restrictions  as the Board may deem
advisable  under the rules, regulations and other requirements of the Securities
and  Exchange Commission, any stock exchange upon which the Common Stock is then
listed  and  any  applicable  federal  or  state laws, and the Board may cause a
legend  or  legends to be placed on the certificate or certificates representing
any  such  shares  to  make  appropriate  reference to any such restrictions. In
making such determination, the Board may rely upon an opinion of counsel for the
Company.

     3.8  Except  as  otherwise  expressly  provided  in the Plan or in an Award
Agreement  with  respect  to  an Award, no Participant shall have any right as a
shareholder of the Company with respect to any shares of Common Stock subject to
such  Participant's  Award  except  to  the  extent that, and until, one or more
certificates  representing such shares of Common Stock shall have been delivered
to  the  Participant.  No  shares  shall  be  required  to  be  issued,  and  no
certificates  shall be required to be delivered, under the Plan unless and until
all of the terms and conditions applicable to such Award shall have, in the sole
discretion  of the Board, been satisfied in full and any restrictions shall have
lapsed  in  full, and unless and until all of the requirements of law and of all
regulatory  bodies  having jurisdiction over the offer and sale, or issuance and
delivery,  of  the  shares  shall  have  been  fully  complied  with.

     3.9  The total amount of shares with respect to which Awards may be granted
under the Plan and rights of outstanding Awards (both as to the number of shares
subject  to  the  outstanding  Awards  and the Option Price(s) or other purchase
price(s)  of such shares, as applicable) shall be appropriately adjusted for any
increase  or decrease in the number of outstanding shares of Common Stock of the
Company  resulting from payment of a stock dividend on the Common Stock, a stock
split  or  subdivision  or  combination  of  shares  of  the  Common Stock, or a
reorganization  or  reclassification of the Common Stock, or any other change in
the  structure  of shares of the Common Stock. The foregoing adjustments and the
manner  of  application  of  the foregoing provisions shall be determined by the
Board  in  its  sole  discretion.  Any  such  adjustment  may  provide  for  the
elimination  of any fractional shares which might otherwise become subject to an
Award.  All  adjustments  made as the result of the foregoing in respect of each
Incentive  Stock  Option shall be made so that such Incentive Stock Option shall
continue to be an Incentive Stock Option, as defined in Section 422 of the Code.

     3.10  No  director  or person acting pursuant to authority delegated by the
Board  shall  be  liable  for any action or determination under the Plan made in
good  faith.  The  members  of the Board shall be entitled to indemnification by
the  Company in the manner and to the extent set forth in the Company's Articles
of  Incorporation, as amended, Bylaws or as otherwise provided from time to time
regarding  indemnification  of  Directors.

<PAGE>

     3.11  The  Board shall be authorized to make adjustments in any performance
based  criteria  or  in  the other terms and conditions of outstanding Awards in
recognition  of  unusual  or  nonrecurring  events affecting the Company (or any
Affiliate,  if  applicable) or its financial statements or changes in applicable
laws,  regulations  or  accounting principles. The Board may correct any defect,
supply  any  omission  or  reconcile  any inconsistency in the Plan or any Award
Agreement  in  the manner and to the extent it shall deem necessary or desirable
to  reflect  any such adjustment. In the event the Company (or any Affiliate, if
applicable)  shall  assume  outstanding  employee benefit awards or the right or
obligation  to  make  future  such  awards in connection with the acquisition of
another  corporation  or business entity, the Board may, in its sole discretion,
make  such  adjustments  in the terms of outstanding Awards under the Plan as it
shall  deem  appropriate.

     3.12  Subject  to  the express provisions of the Plan, the Board shall have
full  power  and  authority  to determine whether, to what extent and under what
circumstances  any outstanding Award shall be terminated, canceled, forfeited or
suspended.  Notwithstanding  the foregoing or any other provision of the Plan or
an  Award  Agreement,  all  Awards  to  any  Participant that are subject to any
restriction  or  have  not  been  earned or exercised in full by the Participant
shall  be terminated and canceled if the Participant is terminated for cause, as
determined  by  the  Board  in  its  sole  discretion.

     ARTICLE IV -- INCENTIVE STOCK OPTIONS

     4.1  The  Board,  in its sole discretion, may from time to time on or after
the  Effective Date grant Incentive Stock Options to Eligible Employees, subject
to  the provisions of this Article IV and Articles III and VI and subject to the
following  conditions:

          (a)  Incentive  Stock  Options  shall  be  granted  only  to  Eligible
     Employees,  each of whom may be granted one or more of such Incentive Stock
     Options  at  such  time  or  times  determined  by  the  Board.

          (b)  The Option Price per share of Common Stock for an Incentive Stock
     Option  shall be set in the Award Agreement, but shall not be less than (i)
     one  hundred percent (100%) of the Fair Market Value of the Common Stock at
     the Grant Date, or (ii) in the case of an Incentive Stock Option granted to
     a  Ten  Percent  Stockholder,  one  hundred  ten percent (110%) of the Fair
     Market  Value  of  the  Common  Stock  at  the  Grant  Date.

          (c) An Incentive Stock Option may be exercised in full or in part from
     time  to  time  within  ten (10) years from the Grant Date, or such shorter
     period  as may be specified by the Board as the Option Period and set forth
     in  the  Award  Agreement;  provided,  however,  that,  in  the  case of an
     Incentive  Stock  Option  granted to a Ten Percent Stockholder, such period
     shall  not exceed five (5) years from the Grant Date; and further, provided
     that,  in any event, the Incentive Stock Option shall lapse and cease to be
     exercisable upon a Termination of Service or within such period following a
     Termination  of  Service as shall have been determined by the Board and set
     forth  in  the  related  Award  Agreement; and provided, further, that such
     period  shall  not  exceed  the period of time ending on the date three (3)
     months  following  a  Termination  of Service, unless employment shall have
     terminated:

               (i)  as  a result of Disability, in which event such period shall
          not  exceed  the  period of time ending on the date twelve (12) months
          following  a  Termination  of  Service;  or

               (ii)  as  a  result  of  death,  or  if death shall have occurred

<PAGE>

          following  a  Termination  of  Service  (other  than  as  a  result of
          Disability)  and during the period that the Incentive Stock Option was
          still  exercisable,  in  which  event  such  period may not exceed the
          period  of  time  ending on the earlier of the date twelve (12) months
          after  the  date  of  death;

          and  provided,  further,  that  such  period  following  a Termination
          of  Service  or  death  shall  in  no event extend beyond the original
          Option  Period  of  the  Incentive  Stock  Option.

          (d) The aggregate Fair Market Value of the shares of Common Stock with
     respect  to  which  any Incentive Stock Options (whether under this Plan or
     any other plan established by the Company) are first exercisable during any
     calendar  year  by  any  Eligible  Employee  shall  not  exceed one hundred
     thousand  dollars  ($100,000), determined based on the Fair Market Value(s)
     of  such shares as of their respective Grant Dates; provided, however, that
     to  the  extent  permitted  under Section 422 of the Code, if the aggregate
     Fair  Market  Values  of  the  shares of Common Stock with respect to which
     Stock  Options intended to be Incentive Stock Options are first exercisable
     by  any  Eligible  Employee  during  any  calendar year (whether such Stock
     Options  are  granted  under this Plan or any other plan established by the
     Company)  exceed one hundred thousand dollars ($100,000), the Stock Options
     or  portions  thereof  which  exceed  such limit (according to the order in
     which  they  were  granted) shall be treated as Nonqualified Stock Options.

          (e) No Incentive Stock Options may be granted more than ten (10) years
     from  the  Effective  Date.

          (f)  The Award Agreement for each Incentive Stock Option shall provide
     that  the Participant shall notify the Company if such Participant sells or
     otherwise  transfers  any  shares of Common Stock acquired upon exercise of
     the  Incentive  Stock Option within two (2) years of the Grant Date of such
     Incentive  Stock Option or within one (1) year of the date such shares were
     acquired  upon  the  exercise  of  such  Incentive  Stock  Option.

     4.2  Subject  to  the  limitations  of  Section  3.4, the maximum aggregate
number  of shares of Common Stock subject to Incentive Stock Option Awards shall
be  the  maximum aggregate number of shares available for Awards under the Plan.

     4.3  The  Board  may  provide  for  any other terms and conditions which it
determines  should  be  imposed  for  an Incentive Stock Option to qualify under
Section  422  of  the  Code,  as  well  as  any  other  terms and conditions not
inconsistent  with  this  Article IV or Articles III or VI, as determined in its
sole  discretion  and  set forth in the Award Agreement for such Incentive Stock
Option.

     4.4  Each  provision  of this Article IV and of each Incentive Stock Option
granted  hereunder  shall  be  construed  in  accordance  with the provisions of
Section  422  of  the Code, and any provision hereof that cannot be so construed
shall  be  disregarded.

                    ARTICLE V -- NONQUALIFIED STOCK OPTIONS

     5.1  The  Board,  in its sole discretion, may from time to time on or after
the Effective Date grant Nonqualified Stock Options to Eligible Persons, subject
to  the  provisions of this Article V and Articles III and VI and subject to the
following  conditions:

          (a)  Nonqualified Stock Options may be granted to any Eligible Person,

<PAGE>

     each of whom may be granted one or more of such Nonqualified Stock Options,
     at  such  time  or  times  determined  by  the  Board.

          (b)  The  Option  Price  per  share of Common Stock for a Nonqualified
     Stock  Option  shall be set in the Award Agreement and may be less than one
     hundred  percent (100%) of the Fair Market Value of the Common Stock at the
     Grant Date; provided, however, that the exercise price of each Nonqualified
     Stock  Option granted under the Plan shall in no event be less than the par
     value  per  share  of  the  Company's  Common  Stock.

          (c)  A  Nonqualified  Stock Option may be exercised in full or in part
     from  time  to time within the Option Period specified by the Board and set
     forth  in  the  Award Agreement; provided, however, that, in any event, the
     Nonqualified  Stock  Option  shall lapse and cease to be exercisable upon a
     Termination  of  Service  or  within such period following a Termination of
     Service  as  shall  have  been determined by the Board and set forth in the
     related  Award  Agreement.

     5.2  The  Board  may  provide  for  any  other  terms  and conditions for a
Nonqualified  Stock  Option not inconsistent with this Article V or Articles III
or VI, as determined in its sole discretion and set forth in the Award Agreement
for  such  Nonqualified  Stock  Option.

                    ARTICLE VI -- INCIDENTS OF STOCK OPTIONS

     6.1  Each  Stock  Option  shall  be  granted  subject  to  such  terms  and
conditions,  if  any, not inconsistent with this Plan, as shall be determined by
the Board and set forth in the related Award Agreement, including any provisions
as  to  continued  employment as consideration for the grant or exercise of such
Stock Option and any provisions which may be advisable to comply with applicable
laws,  regulations  or  rulings  of  any  governmental  authority.

     6.2  Except  as  hereinafter  described,  a  Stock  Option  shall  not  be
transferable by the Participant other than by will or by the laws of descent and
distribution,  and  shall  be exercisable during the lifetime of the Participant
only  by  the Participant or the Participant's guardian or legal representative.
In the event of the death of a Participant, any unexercised Stock Options may be
exercised to the extent otherwise provided herein or in such Participant's Award
Agreement  by  the  executor  or  personal  representative of such Participant's
estate or by any person who acquired the right to exercise such Stock Options by
bequest  under  the Participant's will or by inheritance. The Board, in its sole
discretion,  may  at  any  time  permit a Participant to transfer a Nonqualified
Stock  Option  for no consideration to or for the benefit of one or more members
of the Participant's Immediate Family (including, without limitation, to a trust
for  the  benefit  of  the  Participant  and/or  one  or  more  members  of such
Participant's  Immediate  Family  or  a  corporation,  partnership  or  limited
liability  company  established  and controlled by the Participant and/or one or
more  members of such Participant's Immediate Family), subject to such limits as
the  Board may establish. The transferee of such Nonqualified Stock Option shall
remain subject to all terms and conditions applicable to such Nonqualified Stock
Option  prior to such transfer. The foregoing right to transfer the Nonqualified
Stock  Option,  if  granted  by the Board shall apply to the right to consent to
amendments  to  the  Award  Agreement.

     6.3  Shares of Common Stock purchased upon exercise of a Stock Option shall
be  paid  for  in  such  amounts,  at such times and upon such terms as shall be
determined  by  the  Board, subject to limitations set forth in the Stock Option
Award Agreement. The Board may, in its sole discretion, permit the exercise of a
Stock  Option  by payment in cash or by tendering shares of Common Stock (either
by  actual  delivery  of  such  shares  or  by  attestation), or any combination
thereof,  as  determined  by  the  Board.  In  the sole discretion of the Board,

<PAGE>

payment in shares of Common Stock also may be made with shares received upon the
exercise  or  partial  exercise  of the Stock Option, whether or not involving a
series  of  exercises or partial exercises and whether or not share certificates
for  such  shares  surrendered have been delivered to the Participant. The Board
also  may, in its sole discretion, permit the payment of the exercise price of a
Stock Option by the voluntary surrender of all or a portion of the Stock Option.
Shares  of  Common  Stock  previously held by the Participant and surrendered in
payment  of  the Option Price of a Stock Option shall be valued for such purpose
at  the  Fair  Market  Value  thereof on the date the Stock Option is exercised.

     6.4  The  holder  of  a  Stock Option shall have no rights as a shareholder
with  respect  to  any  shares  covered  by the Stock Option (including, without
limitation,  any  voting  rights,  the right to inspect or receive the Company's
balance  sheets  or  financial  statements or any rights to receive dividends or
non-cash  distributions  with  respect  to  such  shares) until such time as the
holder  has  exercised the Stock Option and then only with respect to the number
of  shares  which  are the subject of the exercise.  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.

     6.5  The  Board  may  permit the voluntary surrender of all or a portion of
any  Stock  Option granted under the Plan to be conditioned upon the granting to
the  Participant  of  a  new  Stock Option for the same or a different number of
shares  of  Common  Stock  as  the Stock Option surrendered, or may require such
voluntary surrender as a condition precedent to a grant of a new Stock Option to
such  Participant.  Subject to the provisions of the Plan, such new Stock Option
shall be exercisable at such Option Price, during such Option Period and on such
other  terms  and  conditions  as are specified by the Board at the time the new
Stock  Option is granted. Upon surrender, the Stock Options surrendered shall be
canceled  and  the  shares  of  Common Stock previously subject to them shall be
available  for  the  grant  of  other  Stock  Options.

     6.6  The  Board  may  at  any  time  offer  to  purchase  a  Participant's
outstanding  Stock  Option for a payment equal to the value of such Stock Option
payable  in  cash,  shares of Common Stock or Restricted Stock or other property
upon  surrender  of  the  Participant's  Stock  Option,  based on such terms and
conditions  as  the  Board shall establish and communicate to the Participant at
the  time  that  such  offer  is  made.

     6.7  The  Board  shall  have the discretion, exercisable either at the time
the  Award is granted or at the time the Participant discontinues employment, to
establish as a provision applicable to the exercise of one or more Stock Options
that,  during  a  limited  period  of  exercisability following a Termination of
Service,  the  Stock Option may be exercised not only with respect to the number
of  shares  of  Common  Stock  for  which  it  is exercisable at the time of the
Termination  of  Service  but  also  with  respect  to  one  or  more subsequent
installments  for  which  the Stock Option would have become exercisable had the
Termination  of  Service  not  occurred.

                        ARTICLE VII -- RESTRICTED STOCK

     7.1  The  Board,  in its sole discretion, may from time to time on or after
the  Effective  Date  award  shares of Restricted Stock to Eligible Persons as a
reward  for past service and an incentive for the performance of future services
that  will  contribute  materially to the successful operation of the Company an
its  Affiliates,  subject  to the terms and conditions set forth in this Article
VII.

<PAGE>

     7.2  The  Board  shall  determine  the terms and conditions of any Award of
Restricted  Stock,  which  shall  be  set  forth in the related Award Agreement,
including  without  limitation:

          (a)  the purchase price, if any, to be paid for such Restricted Stock,
     which may be zero, subject to such minimum consideration as may be required
     by  applicable  law;

          (b) the duration of the Restriction Period or Restriction Periods with
     respect  to  such Restricted Stock and whether any events may accelerate or
     delay  the  end  of  such  Restriction  Period(s);

          (c) the circumstances upon which the restrictions or limitations shall
     lapse,  and  whether such restrictions or limitations shall lapse as to all
     shares  of Restricted Stock at the end of the Restriction Period or as to a
     portion  of  the  shares  of  Restricted  Stock  in installments during the
     Restriction  Period  by  means  of  one  or  more  vesting  schedules;

          (d)  whether  such  Restricted  Stock  is subject to repurchase by the
     Company  or  to a right of first refusal at a predetermined price or if the
     Restricted  Stock  may  be  forfeited  entirely  under  certain conditions;

          (e) whether any performance goals may apply to a Restriction Period to
     shorten  or  lengthen  such  period;  and

          (f)  whether  dividends  and  other distributions with respect to such
     Restricted Stock are to be paid currently to the Participant or withheld by
     the  Company  for  the  account  of  the  Participant.

     7.3  Awards  of Restricted Stock must be accepted within a period of thirty
(30)  days  after  the Grant Date (or such shorter or longer period as the Board
may  specify  at such time) by executing an Award Agreement with respect to such
Restricted  Stock  and  tendering  the  purchase  price,  if  any. A prospective
recipient of an Award of Restricted Stock shall not have any rights with respect
to  such  Award,  unless  such  recipient  has  executed an Award Agreement with
respect to such Restricted Stock, has delivered a fully executed copy thereof to
the Board and has otherwise complied with the applicable terms and conditions of
such  Award.

     7.4  In  the  sole  discretion  of  the Board and as set forth in the Award
Agreement  for an Award of Restricted Stock, all shares of Restricted Stock held
by  a  Participant  and  still subject to restrictions shall be forfeited by the
Participant  upon  the  Participant's  Termination  of  Service  and  shall  be
reacquired,  canceled and retired by the Company. Notwithstanding the foregoing,
unless  otherwise  provided  in  an  Award Agreement with respect to an Award of
Restricted  Stock,  in  the  event  of  the death, Disability or Retirement of a
Participant  during  the  Restriction  Period,  or  in  other  cases  of special
circumstances  (including  hardship  or  other  special  circumstances  of  a
Participant  whose  employment is involuntarily terminated), the Board may elect
to  waive  in whole or in part any remaining restrictions with respect to all or
any part of such Participant's Restricted Stock, if it finds that a waiver would
be  appropriate.

     7.5  Except  as  otherwise  provided  in  this  Article  VII,  no shares of
Restricted  Stock  received  by  a  Participant  shall  be  sold,  exchanged,
transferred,  pledged,  hypothecated  or  otherwise  disposed  of  during  the
Restriction  Period.

     7.6  Upon  an  Award of Restricted Stock to a Participant, a certificate or
certificates  representing the shares of such Restricted Stock will be issued to
and  registered  in  the name of the Participant. Unless otherwise determined by

<PAGE>

the  Board,  such  certificate  or  certificates  will be held in custody by the
Company  until  (i)  the  Restriction  Period  expires  and  the restrictions or
limitations  lapse,  in  which  case  one or more certificates representing such
shares of Restricted Stock that do not bear a restrictive legend (other than any
legend  as  required under applicable federal or state securities laws) shall be
delivered  to  the Participant, or (ii) a prior forfeiture by the Participant of
the shares of Restricted Stock subject to such Restriction Period, in which case
the  Company shall cause such certificate or certificates to be canceled and the
shares  represented thereby to be retired, all as set forth in the Participant's
Award  Agreement.  It  shall be a condition of an Award of Restricted Stock that
the  Participant deliver to the Company a stock power endorsed in blank relating
to  the  shares  of  Restricted  Stock  to  be  held  in custody by the Company.

     7.7  Except  as  provided  in  this  Article  VII  or  in the related Award
Agreement,  a Participant receiving an Award of shares of Restricted Stock Award
shall  have,  with  respect  to  such shares, all rights of a shareholder of the
Company,  including  the  right  to vote the shares and the right to receive any
distributions,  unless  and  until  such  shares are otherwise forfeited by such
Participant;  provided,  however,  the Board may require that any cash dividends
with  respect  to such shares of Restricted Stock be automatically reinvested in
additional  shares  of  Restricted Stock subject to the same restrictions as the
underlying  Award, or may require that cash dividends and other distributions on
Restricted Stock be withheld by the Company or its Affiliates for the account of
the  Participant.  The  Board  shall determine whether interest shall be paid on
amounts  withheld, the rate of any such interest, and the other terms applicable
to  such  withheld  amounts.

                          ARTICLE VIII -- STOCK AWARDS

     8.1  The  Board,  in its sole discretion, may from time to time on or after
the  Effective  Date  grant  Stock  Awards  to  Eligible  Persons  in payment of
compensation  that  has  been  earned or as compensation to be earned, including
without  limitation compensation awarded or earned concurrently with or prior to
the  grant  of the Stock Award, subject to the terms and conditions set forth in
this  Article  VIII.

     8.2  For  the  purposes  of  this Plan, in determining the value of a Stock
Award,  all  shares  of Common Stock subject to such Stock Award shall be set in
the  Award Agreement and may be less than one hundred percent (100%) of the Fair
Market  Value  of  the  Common  Stock  at  the  Grant  Date.

     8.3  Unless  otherwise determined by the Board and set forth in the related
Award Agreement, shares of Common Stock subject to a Stock Award will be issued,
and  one or more certificates representing such shares will be delivered, to the
Participant as soon as practicable following the Grant Date of such Stock Award.
Upon  the  issuance  of such shares and the delivery of one or more certificates
representing  such  shares  to  the  Participant,  such Participant shall be and
become a shareholder of the Company fully entitled to receive dividends, to vote
and  to  exercise  all  other  rights  of  a  shareholder  of  the  Company.
Notwithstanding  any  other  provision  of this Plan, unless the Board expressly
provides  otherwise  with  respect to a Stock Award, as set forth in the related
Award  Agreement,  no Stock Award shall be deemed to be an outstanding Award for
purposes  of  the  Plan.

                        ARTICLE IX -- PERFORMANCE SHARES

     9.1  The  Board,  in its sole discretion, may from time to time on or after
the  Effective Date award Performance Shares to Eligible Persons as an incentive
for  the  performance  of future services that will contribute materially to the
successful operation of the Company and its Affiliates, subject to the terms and
conditions  set  forth  in  this  Article  IX.

<PAGE>

     9.2  The  Board  shall  determine  the terms and conditions of any Award of
Performance  Shares,  which  shall  be set forth in the related Award Agreement,
including  without  limitation:

          (a)  the  purchase  price,  if  any,  to  be paid for such Performance
     Shares,  which may be zero, subject to such minimum consideration as may be
     required  by  applicable  law;

          (b)  the  performance  period  (the  "Performance  Period")  and/or
     performance  objectives  (the  "Performance Objectives") applicable to such
     Awards;

          (c)  the  number  of  Performance  Shares  that  shall  be paid to the
     Participant if the applicable Performance Objectives are exceeded or met in
     whole  or  in  part;  and

          (d)  the  form  of  settlement  of  a  Performance  Share.

     9.3  At  any  date,  each Performance Share shall have a value equal to the
Fair  Market  Value  of  a  share  of  Common  Stock.

     9.4  Performance  Periods  may  overlap,  and  Participants may participate
simultaneously  with  respect  to  Performance  Shares  for  which  different
Performance  Periods  are  prescribed.

     9.5  Performance  Objectives  may  vary from Participant to Participant and
between  Awards and shall be based upon such performance criteria or combination
of  factors  as  the  Board may deem appropriate, including, but not limited to,
minimum  earnings  per  share  or  return  on  equity. If during the course of a
Performance  Period there shall occur significant events which the Board expects
to  have  a  substantial  effect on the applicable Performance Objectives during
such  period,  the  Board  may  revise  such  Performance  Objectives.

     9.6  In  the  sole  discretion  of  the Board and as set forth in the Award
Agreement  for  an Award of Performance Shares, all Performance Shares held by a
Participant  and  not  earned  shall  be  forfeited  by the Participant upon the
Participant's  Termination  of  Service.  Notwithstanding  the foregoing, unless
otherwise provided in an Award Agreement with respect to an Award of Performance
Shares,  in  the  event  of the death, Disability or Retirement of a Participant
during  the  applicable  Performance  Period,  or  in  other  cases  of  special
circumstances  (including  hardship  or  other  special  circumstances  of  a
Participant  whose  employment  is  involuntarily  terminated),  the  Board  may
determine  to make a payment in settlement of such Performance Shares at the end
of  the  Performance  Period,  based  upon  the  extent to which the Performance
Objectives  were  satisfied  at  the  end  of  such period and pro rated for the
portion  of  the Performance Period during which the Participant was employed by
the  Company  or an Affiliate; provided, however, that the Board may provide for
an  earlier  payment in settlement of such Performance Shares in such amount and
under  such  terms  and  conditions as the Board deems appropriate or desirable.

     9.7  The  settlement  of  a  Performance Share shall be made in cash, whole
shares  of  Common  Stock  or a combination thereof and shall be made as soon as
practicable after the end of the applicable Performance Period.  Notwithstanding
the foregoing, the Board in its sole discretion may allow a Participant to defer
payment  in settlement of Performance Shares on terms and conditions approved by
the  Board  and set forth in the related Award Agreement entered into in advance
of  the  time  of receipt or constructive receipt of payment by the Participant.

<PAGE>

     9.8  Performance  Shares  shall not be transferable by the Participant. The
Board  shall  have  the  authority  to  place  additional  restrictions  on  the
Performance  Shares  including,  but not limited to, restrictions on transfer of
any  shares of Common Stock that are delivered to a Participant in settlement of
any  Performance  Shares.

          ARTICLE X -- CHANGES OF CONTROL OR OTHER FUNDAMENTAL CHANGES

     10.1  Upon  the  occurrence  of  a  Change  of Control and unless otherwise
provided  in  the  Award  Agreement  with  respect  to  a  particular  Award:

          (a) all outstanding Stock Options shall become immediately exercisable
     in  full,  subject  to  any appropriate adjustments in the number of shares
     subject  to  the  Stock  Option  and  the  Option  Price,  and shall remain
     exercisable for the remaining Option Period, regardless of any provision in
     the  related  Award  Agreement  limiting  the  exercisability of such Stock
     Option  or  any  portion  thereof  for  any  length  of  time;

          (b)  all  outstanding  Performance  Shares  with  respect to which the
     applicable  Performance  Period has not been completed shall be paid out as
     soon  as  practicable  as  follows:

               (i)  all  Performance  Objectives  applicable  to  the  Award  of
          Performance  Shares  shall  be  deemed  to  have been satisfied to the
          extent necessary to earn one hundred percent (100%) of the Performance
          Shares  covered  by  the  Award;

               (ii)  the  applicable  Performance Period shall be deemed to have
          been  completed  upon  occurrence  of  the  Change  of  Control;

               (iii)  the  payment  to  the  Participant  in  settlement  of the
          Performance Shares shall be the amount determined by the Board, in its
          sole  discretion,  or  in the manner stated in the Award Agreement, as
          multiplied by a fraction, the numerator of which is the number of full
          calendar months of the applicable Performance Period that have elapsed
          prior  to  occurrence of the Change of Control, and the denominator of
          which  is  the  total  number  of  months  in the original Performance
          Period;  and

               (iv)  upon the making of any such payment, the Award Agreement as
          to which it relates shall be deemed terminated and of no further force
          and  effect.

          (c)  all  outstanding shares of Restricted Stock with respect to which
     the  restrictions  have  not  lapsed  shall  be deemed vested, and all such
     restrictions  shall  be  deemed  lapsed  and  the Restriction Period ended.

     10.2  Anything  contained  herein to the contrary notwithstanding, upon the
dissolution or liquidation of the Company, each Award granted under the Plan and
then outstanding shall terminate; provided, however, that following the adoption
of a plan of dissolution or liquidation, and in any event prior to the effective
date  of  such  dissolution  or liquidation, each such outstanding Award granted
hereunder  shall be exercisable in full and all restrictions shall lapse, to the
extent  set  forth  in  Section  10.1(a),  (b)  and  (c)  above.

     10.3  After  the merger of one or more corporations into the Company or any
Affiliate, any merger of the Company into another corporation, any consolidation
of  the Company or any Affiliate of the Company and one or more corporations, or
any  other corporate reorganization of any form involving the Company as a party
thereto and involving any exchange, conversion, adjustment or other modification

<PAGE>

of  the  outstanding  shares  of the Common Stock, each Participant shall, at no
additional  cost,  be  entitled,  upon  any exercise of such Participant's Stock
Option,  to  receive,  in  lieu  of  the number of shares as to which such Stock
Option  shall  then  be so exercised, the number and class of shares of stock or
other  securities  or  such  other property to which such Participant would have
been  entitled  to  pursuant  to  the  terms  of  the  agreement  of  merger  or
consolidation  or reorganization, if at the time of such merger or consolidation
or  reorganization,  such Participant had been a holder of record of a number of
shares  of  Common  Stock  equal  to the number of shares as to which such Stock
Option  shall  then  be  so  exercised.  Comparable  rights shall accrue to each
Participant  in  the  event  of  successive  mergers,  consolidations  or
reorganizations  of  the  character  described above. The Board may, in its sole
discretion,  provide  for similar adjustments upon the occurrence of such events
with  regard  to  other  outstanding  Awards  under  this  Plan.  The  foregoing
adjustments  and  the manner of application of the foregoing provisions shall be
determined  by the Board in its sole discretion. Any such adjustment may provide
for  the  elimination  of  any  fractional  shares  which might otherwise become
subject  to  an  Award.  All  adjustments made as the result of the foregoing in
respect  of  each  Incentive  Stock  Option shall be made so that such Incentive
Stock  Option  shall  continue  to  be  an Incentive Stock Option, as defined in
Section  422  of  the  Code.

                    ARTICLE XI -- AMENDMENT AND TERMINATION

     11.1  Subject  to the provisions of Section 11.2, the Board of Directors at
any  time  and  from  time  to  time  may  amend or terminate the Plan as may be
necessary  or  desirable  to  implement or discontinue the Plan or any provision
hereof.  To  the  extent required by the Act or the Code, however, no amendment,
without  approval  by  the  Company's  shareholders,  shall:

          (a)  materially  alter the group of persons eligible to participate in
     the  Plan;

          (b)  except  as  provided in Section 3.4, change the maximum aggregate
     number  of  shares  of Common Stock that are available for Awards under the
     Plan;

          (c)  alter  the  class of individuals eligible to receive an Incentive
     Stock  Option or increase the limit on Incentive Stock Options set forth in
     Section 4.1(d) or the value of shares of Common Stock for which an Eligible
     Employee  may  be  granted  an  Incentive  Stock  Option.

     11.2  No amendment to or discontinuance of the Plan or any provision hereof
by  the Board of Directors or the shareholders of the Company shall, without the
written  consent of the Participant, adversely affect (in the sole discretion of
the  Board)  any  Award theretofore granted to such Participant under this Plan;
provided,  however,  that  the  Board  retains  the  right  and  power  to:

          (a)  annul  any  Award  if  the Participant is terminated for cause as
     determined  by  the  Board;  and

          (b)  convert  any outstanding Incentive Stock Option to a Nonqualified
     Stock  Option.

     11.3  If  a  Change  of  Control  has occurred, no amendment or termination
shall  impair  the  rights of any person with respect to an outstanding Award as
provided  in  Article  X.

<PAGE>

                    ARTICLE XII -- MISCELLANEOUS PROVISIONS

     12.1  Nothing  in the Plan or any Award granted hereunder shall confer upon
any  Participant  any  right  to  continue  in  the employ of the Company or its
Affiliates  or  to  serve  as  a Director or shall interfere in any way with the
right  of  the  Company or its Affiliates or the shareholders of the Company, as
applicable, to terminate the employment of a Participant or to release or remove
a  Director  at  any  time.  Unless  specifically  provided  otherwise, no Award
granted under the Plan shall be deemed salary or compensation for the purpose of
computing  benefits  under any employee benefit plan or other arrangement of the
Company  or  its Affiliates for the benefit of their respective employees unless
the  Company  shall determine otherwise.  No Participant shall have any claim to
an  Award until it is actually granted under the Plan and an Award Agreement has
been  executed  and  delivered  to  the  Company.  To the extent that any person
acquires a right to receive payments from the Company under the Plan, such right
shall,  except  as otherwise provided by the Board, be no greater than the right
of  an  unsecured  general  creditor  of  the  Company.  All payments to be made
hereunder shall be paid from the general funds of the Company, and no special or
separate fund shall be established and no segregation of assets shall be made to
assure  payment  of such amounts, except as provided in Article VII with respect
to  Restricted  Stock  and  except  as  otherwise  provided  by  the  Board.

     12.2  The  Plan  and the grant of Awards shall be subject to all applicable
federal  and  state  laws,  rules,  and regulations and to such approvals by any
government  or  regulatory  agency  as  may  be  required.  Any provision herein
relating  to  compliance  with  Rule 16b-3 under the Act shall not be applicable
with respect to participation in the Plan by Participants who are not subject to
Section  16  of  the  Act.

     12.3  The  terms  of  the  Plan  shall  be  binding  upon  the Company, its
successors  and  assigns.

     12.4  Neither  a  Stock  Option  nor  any  other  type  of  equity-based
compensation provided for hereunder shall be transferable except as provided for
in  Section  6.2.  In  addition to the transfer restrictions otherwise contained
herein,  additional  transfer restrictions shall apply to the extent required by
federal  or  state securities laws.  If any Participant makes such a transfer in
violation  hereof,  any  obligation hereunder of the Company to such Participant
shall  terminate  immediately.

     12.5  This  Plan  and  all actions taken hereunder shall be governed by the
laws  of  the  State  of  Texas.

     12.6  Each  Participant  exercising  an  Award hereunder agrees to give the
Board  prompt  written  notice  of  any  election made by such Participant under
Section  83(b)  of  the  Code,  or  any  similar  provision  thereof.

     12.7  If  any provision of this Plan or an Award Agreement is or becomes or
is  deemed  invalid,  illegal  or  unenforceable  in  any jurisdiction, or would
disqualify  the  Plan  or any Award Agreement under any law deemed applicable by
the  Board,  such  provision  shall be construed or deemed amended to conform to
applicable  laws, or if it cannot be construed or deemed amended without, in the
determination  of  the  Board, materially altering the intent of the Plan or the
Award  Agreement,  it  shall  be  stricken, and the remainder of the Plan or the
Award  Agreement  shall  remain  in  full  force  and  effect.

     12.8  The  grant  of an Award pursuant to this Plan shall not affect in any
way  the  right  or  power  of  the  Company  or  any  of its Affiliates to make
adjustments,  reclassification,  reorganizations,  or  changes of its capital or
business  structure,  or  to  merge or consolidate, or to dissolve, liquidate or
sell,  or  to  transfer  all  or  part  of  its  business  or  assets.

<PAGE>

     12.9  The Plan is not subject to the provisions of ERISA or qualified under
Section  401(a)  of  the  Code.

     12.10  If  a  Participant  is required to pay to the Company an amount with
respect  to income and employment tax withholding obligations in connection with
(i)  the  exercise  of a Nonqualified Stock Option, (ii) certain dispositions of
Common  Stock  acquired upon the exercise of an Incentive Stock Option, or (iii)
the  receipt  of  Common Stock pursuant to any other Award, then the issuance of
Common Stock to such Participant shall not be made (or the transfer of shares by
such  Participant  shall  not  be required to be effected, as applicable) unless
such  withholding tax or other withholding liabilities shall have been satisfied
in  a  manner acceptable to the Company.  To the extent provided by the terms of
an  Award Agreement, the Participant may satisfy any federal, state or local tax
withholding  obligation  relating to the exercise or acquisition of Common Stock
under an Award by any of the following means (in addition to the Company's right
to  withhold from any compensation paid to the Participant by the Company) or by
a  combination of such means: (i) tendering a cash payment; (ii) authorizing the
Company  to  withhold  shares  of  Common  Stock from the shares of Common Stock
otherwise issuable to the Participant as a result of the exercise or acquisition
of  Common  Stock  under  the Award, provided, however, that no shares of Common
Stock  are withheld with a value exceeding the minimum amount of tax required to
be  withheld  by  law; or (iii) delivering to the Company owned and unencumbered
shares  of  Common  Stock.

<PAGE>

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