Document:

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                                                                    EXHIBIT 10.1

                                AGREEMENT FOR THE

                           PURCHASE OF CORPORATE STOCK

Agreement made this 18th day of May, 2000, between ISA Internationale, Inc. (the
"Seller"), whose address is 1601 Professional Plaza, Suite 100, Burnsville, MN
55337, and Ronald G. Wolfbauer ("Purchaser" or "Buyer"), whose principal office
is at 1750 Yankee Doodle Road, Suite 200, Eagan, MN 55121.

Whereas:

The Seller owns all of the issued and outstanding shares of International
Strategic Assets, Inc., whose address is 1750 Yankee Doodle Road, Suite 202,
Eagan, MN 55121 (the "Company").

Ronald G. Wolfbauer is an individual residing and doing business within the
State of Minnesota.

The Seller desires to sell and the Purchaser desires to buy such shares on the
terms herein stated.

NOW, therefore, the parties agree as follows:

                                    ARTICLE I

                              PLAN OF SALE OF STOCK

         SECTION 1.1 SALE OF SHARES. The Seller shall sell and transfer to the
Purchaser, and the Purchaser shall purchase and acquire from the Seller, 4,286
shares (42.86% of the outstanding shares of the Company, consisting of 10,000.00
of common shares, without par value), which shares the Seller now owns.

         SECTION 1.2 PURCHASE PRICE. The purchase price for all of such shares
is Seventy-Five Thousand and Five Dollars ($75,005.00) which the Purchaser shall
pay to the Seller by certified or bank cashier's check at closing.

         SECTION 1.3 CLOSING. The closing of the sale shall take place at the
offices of Winthrop and Weinstein, or such other place designated by the parties
in writing on May 19, 2000 (the closing date). At the closing, Seller shall
deliver to the Buyer:

         (1)      Certificates for the shares in negotiable form, with any
                  requisite transfer stamps attached, free and clear of all
                  encumbrances.

         (2)      Resignations, effective as of the Closing Date, of all
                  directors and officers of the Company requested by Buyer.

         (3)      The minutes of the Company (one set dated May 19, 2000).

         (4)      All keys to all locks on the rented premises.

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         (5)      The keys to the safety deposit box.

         (6)      A list of all bank accounts into which the Company's funds
                  have been deposited.

         (7)      Copies of all income tax returns filed by the Company since
                  its inception, and copies of all employment tax returns for
                  the years 1999-2000.

Upon such delivery, the Buyer shall deliver to Seller a certified or bank
cashier's check, payable to the order of such Seller, for the cash portion of
the purchase.

         It is agreed that for all purposes under this agreement, time is of the
essence.

         SECTION 1.4 REDEMPTION OF REMAINING STOCK. Immediately after closing,
the Seller and Purchaser shall both insure that the Company will redeem the
remaining 5,714 shares of Seller in the Company for the price of $17.50 per
share (totaling $99,995). The Company and the Purchaser shall provide reasonable
evidence of good funds available for such redemption. After the redemption,
Seller shall own no shares of stock in the Company, and Purchaser shall own all
of the issued and outstanding shares, which will then be 4,286 shares.

         SECTION 1.5 FURTHER ASSURANCES. From time to time, on and after the
Closing Date, as and when requested by Purchaser or its successors or assigns,
the proper officers and directors of the Company immediately before the Closing
Date, or other proper officers or directors shall execute and deliver all such
deeds, bills of sale, assignments and other instruments and shall take or cause
to be taken such further or other reasonable actions as Purchaser or his
respective successors or assigns may deem necessary or desirable in order to
confirm or record or otherwise transfer to the Company title to and possession
of all the properties, rights, privileges, powers, franchises and immunities of
the Company and otherwise to reasonably carry out fully the provisions and
purposes of this Agreement.

                                   ARTICLE II

                  REPRESENTATIONS AND WARRANTIES OF THE SELLER

         The Seller hereby represents and warrants to, and agrees with,
Purchaser as of the date hereof and, except only as otherwise specifically
provided herein, as of the Closing Date as if made and agreed on said date:

         SECTION 2.1 ORGANIZATION. The Company is a corporation, duly organized,
validly existing, and in good standing under the laws of the State of Minnesota,
and has all requisite corporate power and authority to own its property and
conduct the business in which it is engaged. The copies of its Articles of
Incorporation delivered to Purchaser are true and correct. The Corporation has
not adopted any bylaws.

         SECTION 2.2 CAPITALIZATION. The Company is authorized to issue only
5,000,000 shares of Company Common Stock of no par value. No other shares of
stock, common, preferred, or otherwise, are authorized. As of the date hereof,
there are 10,000 shares of Company Common Stock issued and outstanding (the
"Outstanding Common Shares"). The

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Outstanding Common Shares are all owned by Seller. All of the Outstanding Common
Shares have been fully paid, have been validly issued, and are non-assessable.
Holders of the Outstanding Common Shares do not have preemptive rights.

         The Company does not have outstanding any options or warrants to
purchase, or contracts to issue, or contracts or any other rights entitling
anyone to acquire shares of its capital stock of any class or kind, or
securities convertible into such shares.

         The Company does not have in effect any stock purchase plan.

         At the Closing, the Seller shall have good and marketable title to the
outstanding Common Stock, free and clear of all claims, liens and encumbrances.

         SECTION 2.3 SUBSIDIARIES, ETC. The Company has no equity interest in
any corporation, partnership, joint venture or other entity.

         SECTION 2.4 BUSINESS QUALIFICATION. The Company does not do business in
any state other than the State of Minnesota.

         SECTION 2.5 FINANCIAL STATEMENTS.

         2.5.1 The Seller has delivered to Purchaser copies of the unaudited
balance sheets of the Company as of December 31, 1998, and December 31, 1999 and
the unaudited statements of income and retained earnings of the Company for the
fiscal years ending on said dates (the "Annual Statements"), and the Balance
Sheet of the Company as of March 31, 2000, and the statements of income and
retained earnings of the Company for the fiscal period ending on said date
compiled by the Company (the "Interim Statements").

         The Annual Statements are true, complete and correct and have been
prepared in accordance with generally accepted accounting principles
consistently followed throughout the periods indicated. The Annual Statements
fairly present the financial condition and assets and liabilities, whether
accrued, absolute, contingent or otherwise, as of the dates indicated and the
results of operation of the Company for the periods then ended.

         The Interim Statements are true, complete and correct, have been
prepared in accordance with generally accepted accounting principles,
consistently followed (subject, however, to normal year-end adjustments, none of
which will be materially adverse, and to the absence of footnotes), and fairly
and accurately present the financial condition and assets and liabilities,
whether accrued, absolute, contingent or otherwise, of the Company as of the
dates indicated and the results of operations of the Company for the periods
then ended.

         SECTION 2.6 LITIGATION. There are no legal, administrative, arbitration
or other proceedings or claims pending or, to the best knowledge of the Seller,
threatened against the Company, nor is the Company subject to any existing
judgments. The Company is not operating under or subject to, or in default with
respect to, any order, writ, injunction or decree of any court or federal,
state, municipal or other governmental department, commission, board, agency or
instrumentality, domestic or foreign.

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         SECTION 2.7 INSURANCE. The Company has not received any notice of
cancellation with respect to any insurance policy of the Company. All premiums
due under each insurance policy of the Company have been paid in full. The
Company has timely filed all claims or timely notified insurance carriers of
events or circumstances giving rise to any claims under such policies.

         SECTION 2.8 AUTHORITY RELATIVE TO AGREEMENT; ENFORCEABILITY. The
execution, delivery and performance of this Agreement are within the legal
capacity and power of the Seller, have been duly authorized by all requisite
corporate action on the part of the Seller; require the approval or consent of
no other persons, entities or agencies, and will neither violate nor constitute
a default under, nor create a lien or breach under, nor result in the
acceleration of performance or right to accelerate performance under (whether or
not after the giving of notice or lapse of time or both), the terms of the
articles of incorporation and by-laws of the Company or of any agreement,
obligation or commitment binding upon the Company.

         This Agreement is a legal, valid and binding obligation of the Seller
enforceable against it in accordance with its terms, except insofar as the
enforcement thereof may be limited by bankruptcy, insolvency, moratorium or
similar laws affecting the enforcement of creditors' rights generally and
subject to equitable principles limiting the availability of equitable remedies.

         SECTION 2.9 TAXES. All tax and information returns required to have
been filed by the Company have been filed with the appropriate authority; and
all federal, state and local taxes (including without limitation income,
franchise, property, sales, use, value-added, withholding, excise, capital or
other tax liabilities), charges, assessments, penalties and interest of the
Company ("Tax Liabilities") required to be paid on or before the date hereof
have been paid. Such returns were correct as filed. No assessments or additional
Tax Liabilities have been proposed or threatened against the Company or any of
its assets, and the Company has not executed any waiver of the statute of
limitations on the assessment or collection of any Tax Liabilities.

         The Balance Sheet included in the Interim Statement includes full and
adequate provision for (i) all Tax Liabilities incurred or accrued as of the
date of said Statement, and (ii) any and all Tax Liabilities which may hereafter
be assessed or imposed on the Company with respect to time periods ending on or
before the date of said Balance Sheet. Since the date of said Balance Sheet, and
through the Closing Date, the Company has not incurred and will not incur any
Tax Liabilities other than in the ordinary course of business and not in excess
of amounts incurred in the ordinary course in prior periods.

         The federal tax returns and state tax returns of the Company have never
been audited or examined by the Internal Revenue Service. There are no pending
investigations of the Company or its tax returns by any federal, state or local
taxing authority, no federal, state or local tax liens upon any of the Company's
assets, and no presently effective extensions to the limitation periods for the
imposition of tax liabilities against the Company for any of its open taxable
years.

         No consent under Section 341(f) of the Internal Revenue Code has been
filed with respect to any property or assets held, acquired or to be acquired by
the Company. There is no tax-

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sharing agreement which will require any payment by the Company after the date
of this Agreement. The Company has never been an "S" corporation.

         SECTION 2.10 ASSET SALES. The Company has not, except for sales of
inventory in the ordinary course of business, sold, transferred or distributed
any significant portion of its assets during the two-year period preceding the
date hereof nor has the Company taken any other action which would preclude the
Purchaser from making an election under Section 338 of the Internal Revenue
Code.

         SECTION 2.11 FULL DISCLOSURE. No representation or warranty made by the
Seller under or in connection with this Agreement, no certification furnished or
to be furnished to Purchaser pursuant to this Agreement, and no agreements,
instruments or documents delivered by the Company to Purchaser or its counsel
hereunder, contains or will contain any untrue statement of a material fact or
omits or will omit to state a material fact necessary to make the statements
contained herein or therein not misleading. The Company has disclosed to
Purchaser all material facts relating to the Company, its business, assets and
prospects, including without limitation all facts which might result in an
adverse effect thereon.

                                   ARTICLE III

                   REPRESENTATIONS AND WARRANTIES OF PURCHASER

         Purchaser hereby represents and warrants to, and agrees with, the
Company as follows:

         SECTION 3.1 STATUS. Purchaser is an individual domiciled and resident
of the United States, and is a citizen of the United States of America.

                                   ARTICLE IV

                             COVENANTS OF THE SELLER

         SECTION 4.1 REGULAR COURSE OF BUSINESS. Except as otherwise consented
to in writing by Purchaser during the period commencing on the date hereof and
ending at the Closing Date or as contemplated by this Agreement, the Company
will carry on its business diligently and in the ordinary course and use its
best efforts to preserve its present business organization intact, keep
available the services of its present employees and executive officers and
preserve its present relationships with persons having business dealings with
it. It will take no corporate action which would require either a meeting of
directors or shareholders.

         SECTION 4.2 BEST EFFORTS. The Company shall use its best efforts (a) to
cause to be fulfilled and satisfied all of the conditions to the closing to be
fulfilled and satisfied by it, (b) to cause to be performed all of the matters
required of it at or prior to the Closing and (c) to achieve full compliance
with all applicable General Laws. The Company shall use its best efforts to make
all of its warranties and representations contained in this Agreement (except
those representations and warranties which are expressly limited to a state of
facts existing at a time prior to the Closing) true and correct on all material
respects as at the Closing, with the same effect as if the same had been made
and this Agreement had been dated as at the Closing.

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         SECTION 4.3 SECTION 338 ELECTION. The Seller and the Company shall take
all reasonable steps necessary for the Purchaser to be able to make an election
under Section 338 of the Internal Revenue Code, should he so desire, and shall
omit from taking any action which will preclude such accounting and/or tax
treatment.

                                    ARTICLE V

                       PURCHASER SHARES AND REGISTRATIONS

         SECTION 5.1 SHARES NOT REGISTERED; INVESTMENT INTENT. The Seller's
Common Shares to be sold at closing, have not been registered under the
Securities Act of 1933 (the "Securities Act") or any state securities laws. Such
Common Shares have not been registered under the Securities Act or any state
securities laws by reason of their contemplated issuance in transactions exempt
from the registration requirements of the Securities Act. The Common Shares may
not be transferred or resold without (i) registration under the Securities Act
or any applicable state securities laws, or (ii) an exemption from registration
requirements of the Securities Act and applicable state or securities laws.

                                   ARTICLE VI

                     CONDITIONS TO OBLIGATIONS OF PURCHASER

         The obligations of Purchaser under this Agreement to consummate the
Purchase shall be subject to the satisfaction, or to the waiver by him on or
before the Closing Date, of the following conditions:

         SECTION 6.1 REPRESENTATIONS AND WARRANTIES TRUE. The representations
and warranties of the Company contained in this Agreement shall be in all
material respects true and accurate as of the date when made, and, except as to
representations and warranties which are expressly limited to a state of facts
existing at a time prior to the Closing Date, shall be in all material respects
true and accurate at and as of the Closing Date as if made on the Closing Date.

         SECTION 6.2 PERFORMANCE OF COVENANTS. The Company shall have performed
and complied in all material respects with each and every covenant, agreement
and condition required by this Agreement to be performed or complied with by it
or them prior to or on the Closing Date.

         SECTION 6.3 NO GOVERNMENTAL OR OTHER PROCEEDING OR LITIGATION. No order
of any court or administrative agency shall be in effect which restrains or
prohibits any transaction contemplated hereby or which would limit or affect
Purchaser's ownership of the Company; no suit, action, investigation, inquiry or
proceeding by any governmental body or other person or entity shall be pending
or threatened against Purchaser, or the Company, which challenges the validity
or legality, or seeks to restrain the consummation of the transactions
contemplated hereby or which seeks to limit or otherwise affect Purchaser's
ownership of the Company; and no written advice shall have been received by
Purchaser, the Company or their respective counsel from any governmental body,
and remain in effect, stating that an action or proceeding will, if the

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Sale is consummated or sought to be consummated, be filed seeking to invalidate
or restrain the Sale or limit or otherwise affect Purchaser's ownership of the
Company.

                                   ARTICLE VII

                     CONDITIONS TO OBLIGATIONS OF THE SELLER

         The obligations of the Company under this Agreement to consummate the
Sale shall be subject to the satisfaction, or to the waiver by it in the manner
contemplated by Section 12.2 hereof, on or before the Closing Date of the
following conditions:

         SECTION 7.1 REPRESENTATIONS AND WARRANTIES TRUE. The representations
and warranties of Purchaser contained in this Agreement shall be in all material
respects true and accurate as of the date when made, and, except as to
representations and warranties which are expressly limited to a state of facts
existing at a time prior to the Closing Date, shall be in all material respects
true and accurate at and as of the Closing Date as if made on the Closing Date.

         SECTION 7.2 PERFORMANCE OF COVENANTS. Purchaser shall have performed
and complied in all material respects with each and every covenant, agreement
and condition required by this Agreement to be performed or complied with by
them prior to or on the Closing Date.

         SECTION 7.3 NO GOVERNMENTAL OR OTHER PROCEEDINGS OR LITIGATION. No
order of any court or administrative agency shall be in effect which restrains
or prohibits any transaction contemplated hereby or which would limit or affect
Purchaser's ownership of the Company; no suit, action (other than the exercise
of dissenters' rights), investigation, inquiry or proceeding by any governmental
body or other person or entity shall be pending or threatened against Purchaser,
Company, which challenges the validity or legality, or seeks to restrain the
consummation, of the transactions contemplated hereby or which seeks to limit or
otherwise affect Purchaser's ownership of the Company and no written advice
shall have been received by Purchaser, the Company or their respective counsel
from any governmental body, and remain in effect, stating that an action or
proceeding will, if the Sale is consummated or sought to be consummated, be
filed seeking to invalidate or restrain the Sale or limit or otherwise affect
Purchaser's ownership of the Company.

         SECTION 7.4 CLOSING DOCUMENTATION. The Seller shall have received such
additional documentation at the Closing as the Seller and its counsel may
reasonably require to evidence compliance by Purchaser with all of his
obligations under this Agreement.

                                  ARTICLE VIII

                            MISCELLANEOUS PROVISIONS

         SECTION 8.1 AMENDMENT AND MODIFICATION. To the fullest extent permitted
by applicable law, this Agreement may be amended, modified and supplemented with
respect to any of the terms contained herein by mutual consent of Purchaser and
the Board of Directors of the Seller, or by their respective officers duly
authorized by such Boards of Directors, by an appropriate written instrument
executed at any time prior to the Closing Date; provided,

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however, that the percentage the corporate Stock being redeemed may not be
increased, nor may the amount per share of the stock being redeemed be greater
than the amount per share being paid for the stock being purchased.

         SECTION 8.2 WAIVER OF COMPLIANCE. To the fullest extent permitted by
law, Purchaser and Seller (by action of its Board of Directors, or its
respective officers duly authorized by its Board of Directors), by an instrument
in writing extend the time for or waive the performance of any of the
obligations of the other or waive compliance by the other with any of the
covenants, or waive any of the conditions of its obligations, contained herein.
No such extension of time or waiver shall operate as a waiver of, or estoppel
with respect to, any subsequent or other failure.

         SECTION 8.3 SURVIVAL OF REPRESENTATIONS AND WARRANTIES. The respective
representations and warranties of each party hereto contained herein shall not
be deemed to be waived or otherwise affected by any investigation made by the
other parties hereto. The representations and warranties of Purchaser and Seller
contained herein or in any document furnished pursuant hereto shall survive the
Sale.

         SECTION 8.4 NO THIRD PARTY RIGHTS. Except as otherwise provided in this
Agreement, nothing herein expressed or implied is intended, nor shall be
construed, to confer upon or give any person, firm or corporation, other than
Purchaser, and Seller, any rights or remedies under or by reason of this
Agreement.

         SECTION 8.5 CONFIDENTIALITY. Purchaser and the Seller shall honor the
confidentiality agreements previously delivered by each such party to the other
with respect to matters pertaining to the Sale.

         SECTION 8.6 NOTICES. All notices, requests, demands and other
communications required or permitted hereunder shall be in writing and shall be
deemed to have been duly given when delivered by hand or when mailed by
registered or certified mail, postage prepaid, or when given by telex or
facsimile transmission (promptly confirmed in writing), as follows:

                  (a)      If to the Seller:

                  Mr. Gerald Durand, CEO, ISA International, Inc., 1601
                  Professional Plaza, Suite 100, Burnsville, MN 55337.

                  with a copy to:
                  ____________________________

                  ____________________________

                  ____________________________

         or to such other person as to the Company shall designate in writing,
         such writing to be delivered to Purchaser in the manner provided in
         this Section 12.6; and

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                  (b)      If to Purchaser:

         Mr. Ronald G. Wolfbauer, 1750 Yankee Doodle Road, Suite 200, Eagan, MN
         55121.

                  with a copy to:

         Kenneth E. Keate, Esq., Keate Law Office, P.A., 1102 Grand Avenue,
         Saint Paul, MN 55105.

         or to such other person as Purchaser shall designate in writing, such
         writing to be delivered to the Company in the manner provided in this
         Section 12.6.

         SECTION 8.7 ASSIGNMENT. This Agreement and all of the provisions hereof
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns, but neither this Agreement nor any
of the rights, interests or obligations hereunder shall be assigned by any of
the parties hereto without the prior written consent of the other parties;
provided, however, that Purchaser may assign this Agreement to a corporation to
be formed by him.

         SECTION 8.8 GOVERNING LAWS. This Agreement and the legal relations
between the parties hereto shall be governed by and construed in accordance with
the laws of the State of Minnesota.

         SECTION 8.9 COUNTERPARTS. This Agreement may be executed simultaneously
in two or more counterparts and by the different parties hereto on separate
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         SECTION 8.10 HEADINGS AND REFERENCES. The headings of the Sections and
Articles of this Agreement are inserted for convenience of reference only and
shall not constitute a part hereof. All references herein to Sections and
Articles are to sections and articles of this Agreement, unless otherwise
indicated.

         SECTION 8.11 ENTIRE AGREEMENT. This Agreement (including the Exhibits
hereto and the Purchaser Disclosure Letter and the documents referred to herein,
all of which form a part hereof) and the confidentiality agreements delivered by
Purchaser and the Company to each other contain the entire understanding of the
parties hereto in respect of the subject matter contained herein and supersede
all prior agreements and understandings between the parties with respect to such
subject matter.

         SECTION 8.12 EXPENSES. Whether or not the transactions contemplated
hereby are consummated, each of the parties hereto shall pay its own expenses
incurred in connection with the authorization, preparation, execution or
performance of this Agreement and all transactions contemplated hereby,
including without limitation all fees and expenses of agents, representatives,
counsel and accountants. It is understood and agreed that if the Sale is
consummated as contemplated hereby, the expenses incurred by the Company and its

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shareholders shall be the responsibility of the Seller, and shall not be borne
by the Surviving Corporation.

         SECTION 8.13 PUBLICITY. Except as otherwise required by law or the
rules of the National Association of Securities Dealers, Inc., or the Securities
and Exchange Commission, so long as this Agreement is in effect, neither
Purchaser nor the Company shall issue or cause the publication of any press
release with respect to the transactions contemplated by this Agreement without
the consent of the other party, which consent shall not be unreasonably withheld
or delayed.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of this 19th day of May, 2000.

                                          PURCHASER

                                                   /s/ Ronald G. Wolfbauer
                                          --------------------------------------
                                          Ronald G. Wolfbauer

                                          SELLER:  ISA International, Inc.

                                          By:      /s/ Gerald Durand
                                          --------------------------------------
                                          Gerard Durand, its CEO

                                       10<PAGE>

EXHIBIT 10.46

                            TRANS WORLD GAMING CORP.
                             1998 STOCK OPTION PLAN

                                    ARTICLE I
                            ESTABLISHMENT OF THE PLAN

         Trans World Gaming Corp. (the "Company") hereby establishes this 1998
Stock Option Plan (the "Plan") upon the terms and conditions hereinafter
stated.

                                   ARTICLE II
                               PURPOSE OF THE PLAN

         The purpose of this Plan is to improve the growth and profitability
of the Company by providing Employees with a proprietary interest in the
Company as an incentive to contribute to the success of the Company, and
rewarding those Employees for outstanding performance and the attainment of
targeted goals. All Incentive Stock Options issued under this Plan are
intended to comply with the requirements of Section 422 of the Code, and the
regulations thereunder, and all provisions hereunder shall be read,
interpreted and applied with that purpose in mind.

                                   ARTICLE III

                                   DEFINITIONS

         3.01 "Board" means the Board of Directors of the Company.

         3.02 "Code" means the Internal Revenue Code of 1986, as amended.

         3.03 "Committee" means a committee of two or more directors appointed
by the Board pursuant to Article IV hereof, each of whom shall be a
"non-employee director" as defined in Rule 16b-3(b)(3)(i) of the Exchange Act
or any successor thereto.

         3.04 "Common Stock" means shares of the common stock, $.001 par value
per share, of the Company.

         3.05 "Disability" means any physical or mental impairment which
qualifies an Employee for disability benefits under the applicable long-term
disability plan maintained by the Company or, if no such plan applies, which
would qualify such Employee for disability benefits under the Federal Social
Security System.

         3.06 "Effective Date" means the date upon which the Board approves
this Plan.

         3.07 "Employee" means any person who is employed by the Company.

         3.08 "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

         3.09 "Fair Market Value" shall be equal to the fair market value per
share of the Company's Common Stock on the date an Option is granted. For
purposes hereof, the Fair Market Value of a share of Common Stock shall be the
mean between the high bid and low asked prices that day on the principal
market then in use, or if no such quotations are available, the fair market
value on the date in question of a share as determined by a majority of the
Board in good faith.

         3.10 "Incentive Stock Option" means any Option granted under this
Plan which the Board intends (at the time it is granted) to be an incentive
stock option within the meaning of Section 422 of the Code or any successor
thereto.

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         3.11 "Non-Qualified Stock Option" means any Option granted under this
Plan which is not an Incentive Stock Option.

         3.12 "Officer" means an Employee whose position in the Company is
that of a corporate officer, as determined by the Board.

         3.13 "Option" means a right granted under this Plan to purchase
Common Stock.

         3.14 "Optionee" means an Employee or former Employee to whom an
Option is granted under the Plan.

         3.15 "Retirement" means a termination of employment which constitutes
a "retirement" under any applicable qualified pension benefit plan maintained
by the Company or as otherwise determined by the Committee.

         3.16 "Stock Option Agreement" means the written agreement pursuant to
Section 8.01 hereof that sets forth the terms, conditions, restrictions and
privileges for an Incentive Stock Option.

                                   ARTICLE IV
                           ADMINISTRATION OF THE PLAN

         4.01 DUTIES OF THE COMMITTEE. The Plan shall be administered and
interpreted by the Committee, as appointed from time to time by the Board
pursuant to Section 4.02. The Committee shall have the authority in its
absolute discretion to adopt, amend and rescind such rules, regulations and
procedures as, in its opinion, may be advisable in the administration of the
Plan, including, without limitation, rules, regulations and procedures which
(i) deal with satisfaction of an Optionee's tax withholding obligation
pursuant to Section 12.02 hereof, (ii) include arrangements to facilitate the
Optionee's ability to borrow funds for payment of the exercise or purchase
price of an Option, if applicable, from securities brokers and dealers, and
(iii) include arrangements which provide for the payment of some or all of
such exercise or purchase price by delivery of previously owned shares of
Common Stock or other property and/or by withholding some of the shares of
Common Stock which are being acquired. The interpretation and construction by
the Committee of any provisions of the Plan, any rule, regulation or procedure
adopted by it pursuant thereto or of any Option shall be final and binding.

         4.02 APPOINTMENT AND OPERATION OF THE COMMITTEE. The members of the
Committee shall be appointed by, and will serve at the pleasure of, the Board.
The Board from time to time may remove members from, or add members to, the
Committee, provided the Committee shall continue to consist of two or more
members of the Board, each of whom shall be a "non-employee director" as
defined in Rule 16b-3(b)(3)(i) of the Exchange Act or any successor thereto.
The Committee shall act by vote or written consent of a majority of its
members. Subject to the express provisions and limitations of the Plan, the
Committee may adopt such rules, regulations and procedures as it deems
appropriate for the conduct of its affairs. It may appoint one of its members
to be chairman and any person, whether or not a member, to be its secretary or
agent. The Committee shall report its actions and decisions to the Board at
the next regularly scheduled meeting of the Board following each meeting of
the Committee.

         4.03 REVOCATION FOR MISCONDUCT. The Committee may by resolution
immediately revoke, rescind and terminate any Option, or portion thereof, to
the extent not yet vested, previously granted or awarded under this Plan to an
Employee who is discharged from the employ of the Company for cause, which,
for purposes hereof, shall mean termination because of the Employee's personal
dishonesty, incompetence, willful misconduct, breach of fiduciary duty
involving personal profit, intentional failure to perform stated duties, or
willful violation of any law, rule, or regulation (other than traffic
violations or similar offenses).

<PAGE>

         4.04 LIMITATION ON LIABILITY. No member of the Committee shall be
liable for any action or determination made in good faith with respect to the
Plan, any rule, regulation or procedure adopted by it pursuant thereto or any
Options granted under it. If a member of the Committee is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative, arbitrative or
investigative, by reason of anything done or not done by him in such capacity
under or with respect to the Plan, the Company shall indemnify him to the
extent permitted by the Company's Articles of Incorporation and Bylaws and by
the Nevada General Corporation Law.

         4.05 COMPLIANCE WITH LAW AND REGULATIONS. All Options granted
hereunder 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. The Company shall not be required to issue or deliver any
certificates for shares of Common Stock prior to the completion of any
registration or qualification of or obtaining of consents or approvals with
respect to such shares under any federal or state law or any rule or
regulation of any government body, which the Company shall, in its sole
discretion, determine to be necessary or advisable. Moreover, no Option may be
exercised if such exercise would be contrary to applicable laws and
regulations.

         4.06 RESTRICTIONS ON TRANSFER. The Company may place a legend upon
any certificate representing shares acquired pursuant to an Option granted
hereunder noting that the transfer of such shares may be restricted by
applicable laws and regulations.

                                    ARTICLE V
                                   ELIGIBILITY

         Options may be granted to such Employees of the Company as may be
designated from time to time by the Committee, pursuant to guidelines, if any,
which may be adopted by the Committee from time to time.

                                   ARTICLE VI
                        COMMON STOCK COVERED BY THE PLAN

         6.01 OPTION SHARES. The aggregate number of shares of Common Stock
which may be issued pursuant to this Plan, subject to adjustment as provided
in Article IX, shall be 2,000,000 shares of Common Stock. None of such shares
shall be the subject of more than one Option at any time, but if an Option as
to any shares is surrendered before exercise, or expires or terminates for any
reason without having been exercised in full, or for any other reason ceases
to be exercisable, the number of shares covered thereby shall again become
available for grant under the Plan as if no Options had been previously
granted with respect to such shares.

         6.02 SOURCE OF SHARES. The shares of Common Stock issued under the
Plan may be authorized but unissued shares, treasury shares or shares
purchased by the Company on the open market or from private sources for use
under the Plan.

                                   ARTICLE VII
                                DETERMINATION OF
                         OPTIONS, NUMBER OF SHARES, ETC.

         The Committee shall, in its discretion, determine from time to time
which Employees will be granted Options under the Plan, the number of shares
of Common Stock subject to each Option, whether each Option will be an
Incentive Stock Option or a Non-Qualified Stock Option and the exercise price
of an Option. In making all such determinations there shall be taken into
account the duties, responsibilities and performance of each respective
Employee, his present and potential contributions to the growth and success of
the Company, his salary and such other factors as the Committee shall deem
relevant to accomplishing the purposes of the Plan.

<PAGE>

                                  ARTICLE VIII
                                     OPTIONS

         Each Option granted hereunder shall be on the following terms and
conditions:

         8.01 STOCK OPTION AGREEMENT. The proper Officers or a member of the
Committee on behalf of the Company and each Optionee shall execute a Stock
Option Agreement which shall set forth the total number of shares of Common
Stock to which it pertains, the exercise price, whether it is a Non-Qualified
Stock Option or an Incentive Stock Option and such other terms, conditions,
restrictions and privileges as the Committee in each instance shall deem
appropriate, provided they are not inconsistent with the terms, conditions and
provisions of this Plan. Each Optionee shall receive a copy of his executed
Stock Option Agreement.

         8.02 OPTION EXERCISE PRICE.

                 (a) INCENTIVE STOCK OPTIONS. The per share price at which the
subject Common Stock may be purchased upon exercise of an Incentive Stock
Option shall be no less than one hundred percent (100%) of the Fair Market
Value of a share of Common Stock at the time such Incentive Stock Option is
granted, except as provided in Section 8.09(b).

                 (b) NON-QUALIFIED STOCK OPTIONS. The per share price at which
the Common Stock may be purchased upon exercise of a Non-Qualified Stock
Option shall be no less than eighty-five percent (85%) of the Fair Market
Value of a share of Common Stock at the time such Non-Qualified Option is
granted.

         8.03  VESTING AND EXERCISE OF OPTIONS

                 (a) GENERAL RULES. Incentive Stock Options and Non-Qualified
Stock Options granted to Employees shall become vested and exercisable at the
rate, to the extent and subject to such limitations as may be specified by the
Committee. Notwithstanding the foregoing, no vesting shall occur on or after
an Employee's employment with the Company is terminated for any reason other
than his death, Disability or Retirement. In determining the number of shares
of Common Stock with respect to which Options are vested and/or exercisable,
fractional shares will be rounded up to the nearest whole number if the
fraction is 0.5 or higher, and down if it is less.

                 (b) VESTING UPON TERMINATION OF EMPLOYMENT, DEATH, DISABILITY
OR RETIREMENT. Unless the Committee shall specifically state otherwise at the
time an Option is granted, only those Options granted to Employees under this
Plan which are vested and exercisable on the date an Optionee terminates his
employment with the Company because of his termination of employment under
certain circumstances as set forth in the Optionee's Stock Option Agreement,
or because of his death, Disability or Retirement shall be vested and
exercisable by the Optionee thereafter as set forth in Section 8.04.

                 (c) ACCELERATED VESTING FOR CHANGES IN CONTROL.
Notwithstanding the general rule described in Section 8.03(a), all outstanding
Options shall become immediately vested and exercisable in the event there is
a change in control of the Company. A "change in control of the Company" for
this purpose shall mean a change in control of a nature that would be required
to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A
promulgated under the Exchange Act, or any successor thereto, whether or not
the Company in fact is required to comply with Regulation 14A thereunder.

         8.04  DURATION OF OPTIONS.

                 (a) GENERAL RULE. Except as provided in Sections 8.04(b) and
8.09, each Option granted to Employees shall be exercisable at any time on or
after it vests and becomes exercisable until the earlier of (i) ten (10) years
after its date of grant or (ii) three (3) months after the date on which the
Optionee ceases to be employed by the Company, unless the Committee in its
discretion decides at the time of grant or thereafter to extend such period of
exercise upon termination of employment from three (3) months to a period not
exceeding five (5) years.

<PAGE>

                 (b) EXCEPTION FOR TERMINATION DUE TO DEATH, DISABILITY OR
RETIREMENT. If an Employee dies while in the employ of the Company or
terminates employment with the Company as a result of Disability or Retirement
without having fully exercised his Options, the Optionee or his legal
representative or guardian, or the executors, administrators, legatees or
distributees of his estate shall have the right, during the twelve-month
period following the earlier of his death, Disability or Retirement, to
exercise such Options to the extent vested on the date of such death,
Disability or Retirement. In no event, however, shall any Option be
exercisable within six (6) months after the date of grant or more than ten
(10) years from the date it was granted.

         8.05 NONASSIGNABILITY. Options shall not be transferable by an
Optionee except by will or the laws of descent or distribution, and during an
Optionee's lifetime shall be exercisable only by such Optionee or the
Optionee's guardian or legal representative. Notwithstanding the foregoing, or
any other provision of this Plan, an Optionee who holds Non-Qualified Stock
Options may transfer such 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 grant or to an
individual or trust to whom the Optionee would have initially transferred the
Option pursuant to this Section 8.05. Options which are transferred pursuant
to this Section 8.05 shall be exercisable by the transferee according to the
same terms and conditions as applied to the Optionee.

         8.06 MANNER OF EXERCISE. Options may be exercised in part or in whole
and at one time or from time to time. The procedures for exercise shall be set
forth in the written Stock Option Agreement provided for in Section 8.01 above.

         8.07 PAYMENT FOR SHARES. Payment in full of the purchase price for
shares of Common Stock purchased pursuant to the exercise of any Option shall
be made to the Company upon exercise of the Option. All shares sold under the
Plan shall be fully paid and nonassessable. Payment for shares may be made by
the Optionee in cash or, at the discretion of the Committee, by delivering
shares of Common Stock (including shares acquired pursuant to the exercise of
an Option) or other property equal in Fair Market Value to the purchase price
of the shares to be acquired pursuant to the Option, by withholding some of
the shares of Common Stock which are being purchased upon exercise of an
Option, or any combination of the foregoing. Notwithstanding the foregoing
payment may also be made by delivering a properly executed exercise notice
together with irrevocable instructions to a broker to promptly deliver to the
Company the amount of sale or loan proceeds to pay the exercise price.

         8.08 VOTING AND DIVIDEND RIGHTS. No Optionee shall have any voting or
dividend rights or other rights of a shareholder in respect of any shares of
Common Stock covered by an Option prior to the time that his name is recorded
on the Company's shareholder ledger as the holder of record of such shares
acquired pursuant to an exercise of an Option.

         8.09 ADDITIONAL TERMS APPLICABLE TO INCENTIVE STOCK OPTIONS. All
Options issued under the Plan as Incentive Stock Options will be subject, in
addition to the terms detailed in Sections 8.01 to 8.08 above, to those
contained in this Section 8.09.

                 (a) $100,000 LIMITATION. Notwithstanding any contrary
provisions contained elsewhere in this Plan and as long as required by Section
422 of the Code, the aggregate Fair Market Value, determined as of the time an
Incentive Stock Option is granted, of the Common Stock with respect to which
Incentive Stock Options are exercisable for the first time by the Optionee
during any calendar year, under this Plan and stock options that satisfy the
requirements of Section 422 of the Code under any other stock option plan or
plans maintained by the Company, shall not exceed $100,000.

<PAGE>

                 (b) LIMITATION ON TEN PERCENT SHAREHOLDERS. The price at
which shares of Common Stock may be purchased upon exercise of an Incentive
Stock Option granted to an individual who, at the time such Incentive Stock
Option is granted, owns, directly or indirectly, more than ten percent (10%)
of the total combined voting power of all classes of stock issued to
shareholders of the Company, shall be no less than one hundred and ten percent
(110%) of the Fair Market Value of a share of the Common Stock of the Company
at the time of grant, and such Incentive Stock Option shall by its terms not
be exercisable after the earlier of the date determined under Section 8.03 or
the expiration of five (5) years from the date such Incentive Stock Option is
granted.

                 (c) NOTICE OF DISPOSITION; WITHHOLDING; ESCROW. An Optionee
shall immediately notify the Company in writing of any sale, transfer,
assignment or other disposition (or action constituting a disqualifying
disposition within the meaning of Section 421 of the Code) of any shares of
Common Stock acquired through exercise of an Incentive Stock Option, within
two (2) years after the grant of such Incentive Stock Option or within one (1)
year after the acquisition of such shares, setting forth the date and manner
of disposition, the number of shares disposed of and the price at which such
shares were disposed. The Company shall be entitled to withhold from any
compensation or other payments then or thereafter due to the Optionee such
amounts as may be necessary to satisfy any withholding requirements of federal
or state law or regulation and, further, to collect from the Optionee any
additional amounts which may be required for such purpose. The Committee may,
in its discretion, require shares of Common Stock acquired by an Optionee upon
exercise of an Incentive Stock Option to be held in an escrow arrangement for
the purpose of enabling compliance with the provisions of this Section 8.09(c).

                                   ARTICLE IX
                         ADJUSTMENTS FOR CAPITAL CHANGES

         The aggregate number of shares of Common Stock available for issuance
under this Plan, the number of shares to which any Option relates and the
exercise price per share of Common Stock under any Option shall be
proportionately adjusted for any increase or decrease in the total number of
outstanding shares of Common Stock issued subsequent to the effective date of
this Plan resulting from a split, subdivision or consolidation of shares or
any other capital adjustment, the payment of a stock dividend, or other
increase or decrease in such shares effected without receipt or payment of
consideration by the Company. If, upon a merger, consolidation,
reorganization, liquidation, recapitalization or the like of the Company, the
shares of the Company's Common Stock shall be exchanged for other securities
of the Company or of another corporation, each recipient of an Option shall be
entitled, subject to the conditions herein stated, to purchase or acquire such
number of shares of Common Stock or amount of other securities of the Company
or such other corporation as were exchangeable for the number of shares of
Common Stock of the Company which such optionees would have been entitled to
purchase or acquire except for such action, and appropriate adjustments shall
be made to the per share exercise price of outstanding Options.

                                    ARTICLE X
                      AMENDMENT AND TERMINATION OF THE PLAN

         The Board may, by resolution, at any time terminate or amend the Plan
with respect to any shares of Common Stock as to which Options have not been
granted, subject to any required shareholder approval or any shareholder
approval which the Board may deem to be advisable for any reason, such as for
the purpose of obtaining or retaining any statutory or regulatory benefits
under tax, securities or other laws or satisfying any applicable stock
exchange listing requirements. The Board may not, without the consent of the
holder of an Option, alter or impair any Option previously granted or awarded
under this Plan as specifically authorized herein.

<PAGE>

                                   ARTICLE XI
                                EMPLOYMENT RIGHTS

         Neither the Plan nor the grant of any Options hereunder nor any
action taken by the Committee or the Board in connection with the Plan shall
create any right on the part of any Employee of the Company to continue in
such capacity.

                                   ARTICLE XII
                                   WITHHOLDING

         12.01 TAX WITHHOLDING. The Company may withhold from any cash payment
made under this Plan sufficient amounts to cover any applicable withholding
and employment taxes, and if the amount of such cash payment is insufficient,
the Company may require the Optionee to pay to the Company the amount required
to be withheld as a condition to delivering the shares acquired pursuant to an
Option. The Company also may withhold or collect amounts with respect to a
disqualifying disposition of shares of Common Stock acquired pursuant to
exercise of an Incentive Stock Option, as provided in Section 8.09(c).

         12.02 METHODS OF TAX WITHHOLDING. The Committee is authorized to
adopt rules, regulations or procedures which provide for the satisfaction of
an Optionee's tax withholding obligation by the retention of shares of Common
Stock to which the Employee would otherwise be entitled pursuant to an Option
and/or by the Optionee's delivery of previously owned shares of Common Stock
or other property.

                                  ARTICLE XIII
                        EFFECTIVE DATE OF THE PLAN; TERM

         13.01 EFFECTIVE DATE OF THE PLAN. This Plan shall become effective on
the Effective Date, and Options may be granted hereunder as of or after the
Effective Date and prior to the termination of the Plan, provided that no
Incentive Stock Option issued pursuant to this Plan shall qualify as such
unless this Plan is approved by the requisite vote of the holders of the
outstanding voting shares of the Company at a meeting of shareholders of the
Company held within twelve (12) months before or after the Effective Date.

         13.02 TERM OF PLAN. Unless sooner terminated, this Plan shall remain
in effect for a period of ten (10) years ending on the tenth anniversary of
the Effective Date. Termination of the Plan shall not affect any Options
previously granted and such Options shall remain valid and in effect until
they have been fully exercised or earned, are surrendered or by their terms
expire or are forfeited.

                                   ARTICLE XIV
                                  MISCELLANEOUS

         14.01 GOVERNING LAW. To the extent not governed by Federal law, this
Plan shall be construed under the laws of the State of Nevada.

         14.02 PRONOUNS. Wherever appropriate, the masculine pronoun shall
include the feminine pronoun, and the singular shall include the plural.

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