Document:

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                                                                    EXHIBIT 4.04

                     FORM OF STOCK OPTION AGREEMENT FOR EHNC EXECUTIVE EMPLOYEES

                                                                 NO. ___________

                                    EHNC INC.

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN

                             STOCK OPTION AGREEMENT

               This Stock Option Agreement (the "AGREEMENT") is made and entered
into as of the date of grant set forth below (the "DATE OF GRANT") by and
between eHNC Inc., a Delaware corporation (the "COMPANY"), and the participant
named below (the "PARTICIPANT"). Capitalized terms not defined herein shall have
the meaning ascribed to them in the Company's 1999 Executive Equity Incentive
Plan (the "PLAN").

PARTICIPANT:                   ________________________________________
SOCIAL SECURITY NUMBER:        ________________________________________
ADDRESS:                       ________________________________________

TOTAL OPTION SHARES:           ________________________________________
EXERCISE PRICE PER SHARE:      ________________________________________
DATE OF GRANT:                 ________________________________________
FIRST VESTING DATE:            ________________________________________

EXPIRATION DATE:               ________________________________________
                               (unless earlier terminated under
                               Section 5.6 of the Plan)
TYPE OF STOCK OPTION
(CHECK ONE):                  [ ] INCENTIVE STOCK OPTION
                              [ ] NONQUALIFIED STOCK OPTION

               1. GRANT OF OPTION. The Company hereby grants to Participant an
option (this "OPTION") to purchase up to the total number of shares of Common
Stock, $0.00001 par value, of the Company set forth above as Total Option Shares
(the "SHARES") at the Exercise Price Per Share set forth above (the "EXERCISE
PRICE"), subject to all of the terms and conditions of this Agreement and the
Plan. If designated as an Incentive Stock Option above, the Option is intended
to qualify as an "incentive stock option" (the "ISO") within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended (the "CODE").

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               2. EXERCISE PERIOD.

                  2.1 Exercise Period of Option. Provided Participant continues
to provide services to the Company, the Option will become vested and
exercisable as to portions of the Shares as follows: (i) this Option shall not
vest nor be exercisable with respect to any of the Shares until the First
Vesting Date set forth on the first page of this Agreement (the "FIRST VESTING
DATE"); (ii) on the First Vesting Date the Option will become vested and
exercisable as to twelve and one-half percent (12.5 %) of the Shares; and (iii)
thereafter at the end of each full succeeding month after the First Vesting
Date, the Option will become vested and exercisable as to an additional 2.08333%
of the Shares until the Shares are vested with respect to one hundred percent
(100%) of the Shares. If application of the vesting percentage causes a
fractional share, such share shall be rounded down to the nearest whole share
for each month except for the last month in such vesting period, at the end of
which last month this Option shall become exercisable for the full remainder of
the Shares.

                  2.2 Vesting of Options. Shares that are vested pursuant to the
schedule set forth in Section 2.1 are "VESTED SHARES." Shares that are not
vested pursuant to the schedule set forth in Section 2.1 are "UNVESTED SHARES."

                  2.3 Expiration. The Option shall expire on the Expiration Date
set forth above or earlier as provided in Section 3 below or pursuant to the
Plan.

               3. TERMINATION.

                  3.1 Termination for Any Reason Except Death, Disability or
Cause. If Participant is Terminated for any reason, except death, Disability or
for Cause, the Option, to the extent (and only to the extent) that it would have
been exercisable by Participant on the Termination Date, may be exercised by
Participant no later than three (3) months after the Termination Date, but in
any event no later than the Expiration Date.

                  3.2 Termination Because of Death or Disability. If Participant
is Terminated because of death or Disability of Participant (or Participant dies
within three (3) months of Termination when Termination is for any reason other
than Participant's Disability or for Cause), the Option, to the extent that it
is exercisable by Participant on the Termination Date, may be exercised by
Participant (or Participant's legal representative) no later than twelve (12)
months after the Termination Date, but in any event no later than the Expiration
Date. Any exercise beyond (i) three (3) months after the Termination Date when
the Termination is for any reason other than the Participant's death or
disability, within the meaning of Section 22(e)(3) of the Code; or (ii) twelve
(12) months after the Termination Date when the termination is for Participant's
disability, within the meaning of Section 22(e)(3) of the Code, is deemed to be
a non-qualified stock option ("NQSO").

                  3.3 Termination for Cause. If Participant is Terminated for
Cause, then the Option will expire on Participant's Termination Date, or at such
later time and on such conditions as are determined by the Committee.

                  3.4 No Obligation to Employ. Nothing in the Plan or this
Agreement shall confer on Participant any right to continue in the employ of, or
other relationship with, the

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Company or any Parent, Subsidiary or Affiliate of the Company, or limit in any
way the right of the Company or any Parent, Subsidiary or Affiliate of the
Company to terminate Participant's employment or other relationship at any time,
with or without Cause.

               4. MANNER OF EXERCISE.

                  4.1 Stock Option Exercise Agreement. To exercise this Option,
Participant (or in the case of exercise after Participant's death or incapacity,
Participant's executor, administrator, heir or legatee, as the case may be) must
deliver to the Company an executed stock option exercise agreement in the form
attached hereto as EXHIBIT A, or in such other form as may be approved by the
Committee from time to time (the "EXERCISE AGREEMENT"), which shall set forth,
inter alia, (i) Participant's election to exercise the Option, (ii) the number
of Shares being purchased, (iii) any restrictions imposed on the Shares and (iv)
any representations, warranties and agreements regarding Participant's
investment intent and access to information as may be required by the Company to
comply with applicable securities laws. If someone other than Participant
exercises the Option, then such person must submit documentation reasonably
acceptable to the Company verifying that such person has the legal right to
exercise the Option.

                  4.2 Limitations on Exercise. The Option may not be exercised
unless such exercise is in compliance with all applicable federal and state
securities laws, as they are in effect on the date of exercise. The Option may
not be exercised as to fewer than one hundred (100) Shares unless it is
exercised as to all Shares as to which the Option is then exercisable.

                  4.3 Payment. The Exercise Agreement shall be accompanied by
full payment of the Exercise Price for the shares being purchased in cash (by
check), or where permitted by law:

               (a) by cancellation of indebtedness of the Company to the
                   Participant;

               (b) provided that a public market for the Company's stock exists:
                   (i) through a "same day sale" commitment from Participant and
                   a broker-dealer that is a member of the National Association
                   of Securities Dealers (an "NASD Dealer") whereby Participant
                   irrevocably elects to exercise the Option and to sell a
                   portion of the Shares so purchased sufficient to pay for the
                   total Exercise Price and whereby the NASD Dealer irrevocably
                   commits upon receipt of such Shares to forward the total
                   Exercise Price directly to the Company, or (ii) through a
                   "margin" commitment from Participant and an NASD Dealer
                   whereby Participant irrevocably elects to exercise the Option
                   and to pledge the Shares so purchased to the NASD Dealer in a
                   margin account as security for a loan from the NASD Dealer in
                   the amount of the total Exercise Price, and whereby the NASD
                   Dealer irrevocably commits upon receipt of such Shares to
                   forward the total Exercise Price directly to the Company; or

               (c) by any combination of the foregoing.

                  4.4 Tax Withholding. Prior to the issuance of the Shares upon
exercise of the Option, Participant must pay or provide for any applicable
federal, state and local

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withholding obligations of the Company. If the Committee permits, Participant
may provide for payment of withholding taxes upon exercise of the Option by
requesting that the Company retain the minimum number of Shares with a Fair
Market Value equal to the minimum amount of taxes required to be withheld. In
such case, the Company shall issue the net number of Shares to the Participant
by deducting the Shares retained from the Shares issuable upon exercise.
Notwithstanding the foregoing, in no event will the Company withhold Shares if
such withholding would result in adverse accounting consequences to the Company.

                  4.5 Issuance of Shares. Provided that the Exercise Agreement
and payment are in form and substance satisfactory to counsel for the Company,
the Company shall issue the Shares registered in the name of Participant,
Participant's authorized assignee, or Participant's legal representative, and
shall deliver certificates representing the Shares with the appropriate legends
affixed thereto.

               5. NOTICE OF DISQUALIFYING DISPOSITION OF ISO SHARES. If the
Option is an ISO, and if Participant sells or otherwise disposes of any of the
Shares acquired pursuant to the ISO on or before the later of (i) the date two
(2) years after the Date of Grant, and (ii) the date one (1) year after transfer
of such Shares to Participant upon exercise of the Option, Participant shall
immediately notify the Company in writing of such disposition. Participant
acknowledges and agrees that Participant may be subject to income tax
withholding by the Company on the compensation income recognized by Participant
from the early disposition payable in cash or out of the current wages or other
compensation payable to Participant.

               6. COMPLIANCE WITH LAWS AND REGULATIONS.

                  6.1 California Securities Law. The Plan and this Agreement are
intended to comply with Section 25102(f) of the California Corporations Code and
any regulations relating thereto.

                  6.2 Federal Securities Exemption. Participant acknowledges
that this Option is being granted to Participant pursuant to an exemption
provided by Section 4(2) of the Securities Act of 1933, as amended ("1933 ACT"),
and/or Regulation D promulgated thereunder in reliance on the representations
and warranties of Participant set forth in Section 6.3 below.

                  6.3 Representations and Warranties of Participant. Participant
hereby represents and warrants to the Company as follows:

                      (a) Participant is acquiring this Option for Participant's
        own account for investment purposes only and not with a view to, or for
        sale in connection with, a distribution of the restricted securities
        within the meaning of the 1933 Act.

                      (b) Participant is a director, officer or key employee of
        the Company or its parent corporation and is fully aware of: (i) the
        highly speculative nature of the investment in this Option and the
        underlying Common Stock (collectively the "RESTRICTED SECURITIES"); (ii)
        the financial hazards involved; (iii) the lack of liquidity of the
        Restricted Securities and the restrictions on transferability of the
        Restricted Securities; (iv) the qualifications and backgrounds of the
        management of the Company; and (v) the tax consequences of investment in
        the Restricted Securities.

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                      (c) Participant either (i) has a preexisting personal or
        business relationship with the Company and/or certain of its officers
        and/or directors of a nature and duration sufficient to make Participant
        aware of the character, business acumen and general business and
        financial circumstances of the Company and/or such officers and
        directors or (ii) by reason of Participant's business or financial
        experience, Participant is capable of evaluating the merits and risks of
        this investment, has the ability to protect Participant's own interests
        in this transaction and is financially capable of bearing a total loss
        of this investment.

                      (d) At no time was Participant presented with or solicited
        by any publicly issued or circulated newspaper, mail, radio, television
        or other form of general advertising or solicitation in connection with
        the offer, sale and purchase of this Option.

                      (e) Participant understands that this Option is not being
        issued to Participant pursuant to Rule 701 and accordingly that
        additional restrictions will apply to the resale of any Common Stock of
        the Company acquired upon exercise of this Option. Participant has read,
        understands and has executed the Acknowledgment attached hereto as
        EXHIBIT B.

                  6.4 Compliance Upon Exercise. The exercise of this Option and
the issuance and transfer of Shares shall be subject to compliance by the
Company and Participant with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on
which the Company's Common Stock may be listed at the time of such issuance or
transfer. Participant understands that the Company is under no obligation to
register or qualify the Shares with the SEC, any state securities commission or
any stock exchange to effect such compliance.

               7. NONTRANSFERABILITY OF OPTION. The Option may not be
transferred in any manner other than by will or by the laws of descent and
distribution and may be exercised during the lifetime of Participant only by
Participant or in the event of Participant's incapacity, by Participant's legal
representative. The terms of the Option shall be binding upon the executors,
administrators, successors and assigns of Participant.

               8. COMPANY'S RIGHT OF FIRST REFUSAL. Before any Vested Shares
held by Participant or any transferee of such Vested Shares may be sold or
otherwise transferred (including without limitation a transfer by gift or
operation of law), the Company and/or its assignee(s) shall have an assignable
right of first refusal to purchase the Vested Shares to be sold or transferred
on the terms and conditions set forth in the Exercise Agreement (the "RIGHT OF
FIRST REFUSAL"). The Company's Right of First Refusal will terminate when the
Company's securities become publicly traded.

               9. TAX CONSEQUENCES. Set forth below is a brief summary as of the
Effective Date of the Plan of some of the federal and California tax
consequences of exercise of the Option and disposition of the Shares. THIS
SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION
OR DISPOSING OF THE SHARES.

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                  9.1 Exercise of ISO. If the Option qualifies as an ISO, there
will be no regular federal or California income tax liability upon the exercise
of the Option, although the excess, if any, of the Fair Market Value of the
Shares on the date of exercise over the Exercise Price will be treated as a tax
preference item for federal alternative minimum tax purposes and may subject the
Participant to the alternative minimum tax in the year of exercise.

                  9.2 Exercise of Nonqualified Stock Option. If the Option does
not qualify as an ISO, there may be a regular federal and California income tax
liability upon the exercise of the Option. Participant will be treated as having
received compensation income (taxable at ordinary income tax rates) equal to the
excess, if any, of the Fair Market Value of the Shares on the date of exercise
over the Exercise Price. The Company may be required to withhold from
Participant's compensation or collect from Participant and pay to the applicable
taxing authorities an amount equal to a percentage of this compensation income
at the time of exercise.

                  9.3 Disposition of Shares. The following tax consequences may
apply upon disposition of the Shares.

                      (a) Incentive Stock Options. If the Shares are held for
more than twelve (12) months after the date of the transfer of the Shares
pursuant to the exercise of an ISO and are disposed of more than two (2) years
after the Date of Grant, any gain realized on disposition of the Shares will be
treated as long term capital gain for federal and California income tax
purposes. If Shares purchased under an ISO are disposed of within the applicable
one (1) year or two (2) year period, any gain realized on such disposition will
be treated as compensation income (taxable at ordinary income rates) to the
extent of the excess, if any, of the Fair Market Value of the Shares on the date
of exercise over the Exercise Price.

                      (b) Nonqualified Stock Options. If the Shares are held for
more than twelve (12) months after the date of the transfer of the Shares
pursuant to the exercise of an NQSO, any gain realized on disposition of the
Shares will be treated as long term capital gain.

                      (c) Withholding. The Company may be required to withhold
from the Participant's compensation or collect from the Participant and pay to
the applicable taxing authorities an amount equal to a percentage of this
compensation income.

               10. PRIVILEGES OF STOCK OWNERSHIP. Participant shall not have any
of the rights of a stockholder with respect to any Shares until the Shares are
issued to Participant.

               11. INTERPRETATION. Any dispute regarding the interpretation of
this Agreement shall be submitted by Participant or the Company to the Committee
for review. The resolution of such a dispute by the Committee shall be final and
binding on the Company and Participant.

               12. ENTIRE AGREEMENT. The Plan is incorporated herein by
reference. This Agreement and the Plan constitute the entire agreement of the
parties and supersede all prior undertakings and agreements with respect to the
subject matter hereof.

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               13. NOTICES. Any notice required to be given or delivered to the
Company under the terms of this Agreement shall be in writing and addressed to
the Corporate Secretary of the Company at its principal corporate offices. Any
notice required to be given or delivered to Participant shall be in writing and
addressed to Participant at the address indicated above or to such other address
as such party may designate in writing from time to time to the Company. All
notices shall be deemed to have been given or delivered upon: (i) personal
delivery; (ii) three (3) days after deposit in the United States mail by
certified or registered mail (return receipt requested); (iii) one (1) business
day after deposit with any return receipt express courier (prepaid); or (iv) one
(1) business day after transmission by facsimile, rapifax or telecopier.

               14. SUCCESSORS AND ASSIGNS. The Company may assign any of its
rights under this Agreement including its rights to purchase Shares under the
Right of First Refusal. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer set forth herein, this Agreement shall be binding upon
Participant and Participant's heirs, executors, administrators, legal
representatives, successors and assigns.

               15. GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of California as such laws
are applied to agreements between California residents entered into and to be
performed entirely within California. If any provision of this Agreement is
determined by a court of law to be illegal or unenforceable, then such provision
will be enforced to the maximum extent possible and the other provisions will
remain fully effective and enforceable.

               16. ACCEPTANCE. Participant hereby acknowledges receipt of a copy
of the Plan and this Agreement. Participant has read and understands the terms
and provisions thereof, and accepts the Option subject to all the terms and
conditions of the Plan and this Agreement. Participant acknowledges that there
may be adverse tax consequences upon exercise of the Option or disposition of
the Shares and that Participant should consult a tax adviser prior to such
exercise or disposition.

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               IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed in triplicate by its duly authorized representative and Participant has
executed this Agreement in triplicate, effective as of the Date of Grant.

EHNC INC.                                     PARTICIPANT

By:__________________________________         __________________________________
                                              (Signature)

_____________________________________         __________________________________
(Please print name)                           (Please print name)

_____________________________________
(Please print title)

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                                    EXHIBIT A

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN
                     FORM OF STOCK OPTION EXERCISE AGREEMENT

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                                            1999 EXECUTIVE EQUITY INCENTIVE PLAN
                                                FOR EHNC EMPLOYEES & CONSULTANTS

                                                              NO. ______________

                                    EHNC INC.

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN

                         STOCK OPTION EXERCISE AGREEMENT

        This Stock Option Exercise Agreement (the "EXERCISE AGREEMENT") is made
and entered into as of _________________________, 20___ (the "EFFECTIVE DATE")
by and between eHNC Inc., a Delaware corporation (the "COMPANY"), and the
purchaser named below (the "PURCHASER"). Capitalized terms not defined herein
shall have the meanings ascribed to them in the Company's 1999 Executive Equity
Incentive Plan (the "PLAN").

PURCHASER:                            __________________________________________

SOCIAL SECURITY NUMBER:               __________________________________________

ADDRESS:                              __________________________________________

TOTAL NUMBER OF SHARES:               __________________________________________

EXERCISE PRICE PER SHARE:             __________________________________________

DATE OF GRANT:                        __________________________________________

FIRST VESTING DATE:                   __________________________________________

EXPIRATION DATE:                      __________________________________________
                                      (Unless earlier terminated under
                                      Section 5.6 of the Plan)

TYPE OF STOCK OPTION                  [  ] INCENTIVE STOCK OPTION
(CHECK ONE):                          [  ] NONQUALIFIED STOCK OPTION

        1. EXERCISE OF OPTION.

           1.1 Exercise. Pursuant to exercise of that certain option (the
"OPTION") granted to Purchaser under the Plan and subject to the terms and
conditions of this Exercise Agreement, Purchaser hereby purchases from the
Company, and the Company hereby sells to Purchaser, the Total Number of Shares
set forth above (the "SHARES") of the Company's

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Common Stock, $0.00001 par value per share, at the Exercise Price Per Share set
forth above (the "EXERCISE PRICE"). As used in this Exercise Agreement, the term
"SHARES" refers to the Shares purchased under this Exercise Agreement and
includes all securities received (i) in replacement of the Shares, (ii) as a
result of stock dividends or stock splits with respect to the Shares, and (iii)
all securities received in replacement of the Shares in a merger,
recapitalization, reorganization or similar corporate transaction.

           1.2 Title to Shares. The exact spelling of the name(s) under which
Purchaser will take title to the Shares is:

               _________________________________________________________________

               _________________________________________________________________

           Purchaser desires to take title to the Shares as follows:

               [ ] Individual, as separate property

               [ ] Husband and wife, as community property

               [ ] Joint Tenants

           1.3 Payment. Purchaser hereby delivers payment of the Exercise Price
in the manner permitted in the Stock Option Agreement as follows (check and
complete as appropriate):

               [ ] in cash (by check) in the amount of  $____________,  receipt
                   of which is acknowledged by the Company; or

               [ ] by cancellation of indebtedness of the Company owed to
                   Purchaser in the amount of $______________.

        2. DELIVERY.

           2.1 Deliveries by Purchaser. Purchaser hereby delivers to the Company
(i) this Exercise Agreement, (ii) two (2) copies of a blank Stock Power and
Assignment Separate from Stock Certificate in the form of Exhibit 1 attached
hereto (the "STOCK POWERS"), both executed by Purchaser (and Purchaser's spouse,
if any), (iii) if Purchaser is married, a Consent of Spouse in the form of
Exhibit 2 attached hereto (the "SPOUSE CONSENT") executed by Purchaser's spouse,
and (iv) the Exercise Price as provided in Section 1.3 and payment or other
provision for any applicable tax obligations in the form of _______________,
[ADD DESCRIPTION OF METHOD OF PAYMENT (USUALLY A "CHECK")] a copy of which is
attached hereto as Exhibit 3.

           2.2 Deliveries by the Company. Upon its receipt of the Exercise
Price, payment or other provision for any applicable tax obligations and all the
documents to be executed and delivered by Purchaser to the Company under Section
2.1, the Company will issue a duly executed stock certificate evidencing the
Shares in the name of Purchaser to be placed in escrow as provided in Section 10
until expiration or termination of the Company's Right of First Refusal
described in Section 8.

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        3. REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser represents and
warrants to the Company that:

           3.1 Agrees to Terms of the Plan. Purchaser has received a copy of the
Plan and the Stock Option Agreement, has read and understands the terms of the
Plan, the Stock Option Agreement and this Exercise Agreement, and agrees to be
bound by their terms and conditions. Purchaser acknowledges that there may be
adverse tax consequences upon exercise of the Option or disposition of the
Shares, and that Purchaser should consult a tax adviser prior to such exercise
or disposition.

           3.2 Purchase for Own Account for Investment. Purchaser is purchasing
the Shares for Purchaser's own account for investment purposes only and not with
a view to, or for sale in connection with, a distribution of the Shares within
the meaning of the Securities Act. Purchaser has no present intention of selling
or otherwise disposing of all or any portion of the Shares and no one other than
Purchaser has any beneficial ownership of any of the Shares.

           3.3 Access to Information. Purchaser has received the eHNC Disclosure
Package. Purchaser has had access to all information regarding the Company and
its present and prospective business, assets, liabilities and financial
condition that Purchaser reasonably considers important in making the decision
to purchase the Shares, and Purchaser has had ample opportunity to ask questions
of the Company's representatives concerning such matters and this investment.

           3.4 Understanding of Risks. Purchaser is a consultant to or an
officer, director or key employee of the Company or its parent corporation and
is fully aware of: (i) the highly speculative nature of the investment in the
Shares; (ii) the financial hazards involved; (iii) the lack of liquidity of the
Shares and the restrictions on transferability of the Shares (e.g., that
Purchaser may not be able to sell or dispose of the Shares or use them as
collateral for loans); (iv) the qualifications and backgrounds of the management
of the Company; and (v) the tax consequences of investment in the Shares.
Purchaser is capable of evaluating the merits and risks of this investment, has
the ability to protect Purchaser's own interests in this transaction and is
financially capable of bearing a total loss of this investment.

           3.5 Relationship; Ability to Protect Interests. Purchaser either (i)
has a preexisting personal or business relationship with the Company and/or
certain of its officers and/or directors of a nature and duration sufficient to
make Purchaser aware of the character, business acumen and general business and
financial circumstances of the Company and/or such officers and directors or
(ii) by reason of Purchaser's business or financial experience, Purchaser is
capable of evaluating the merits and risks of this investment, has the ability
to protect Purchaser's own interests in this transaction and is financially
capable of bearing a total loss of this investment.

           3.6 No General Solicitation. At no time was Purchaser presented with
or solicited by any publicly issued or circulated newspaper, mail, radio,
television or other form of general advertising or solicitation in connection
with the offer, sale and purchase of the Shares.

           3.7 Financial Statements. Purchaser has received or otherwise had
access to financial statements of the Company annually during the period that
the Option was outstanding.

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        4. COMPLIANCE WITH SECURITIES LAWS.

           4.1 Compliance with U.S. Federal Securities Laws. Purchaser
understands and acknowledges that the Shares have not been registered with the
SEC under the Securities Act and that, notwithstanding any other provision of
the Stock Option Agreement to the contrary, the exercise of any rights to
purchase any Shares is expressly conditioned upon compliance with the Securities
Act and all applicable state securities laws. Purchaser agrees to cooperate with
the Company to ensure compliance with such laws. The Shares are being issued
under the Securities Act pursuant to the exemption provided by Section 4(2)
thereof and/or Regulation D promulgated thereunder.

           4.2 Compliance with California Securities Laws. The Plan, The stock
option agreement, and this Exercise Agreement are intended to comply with
Section 25102(f) of the California Corporations Code and any rules (INCLUDING
COMMISSIONER RULES, IF APPLICABLE) or regulations promulgated thereunder BY THE
CALIFORNIA DEPARTMENT OF CORPORATIONS (the "REGULATIONS"). THE SALE OF THE
SECURITIES THAT ARE THE SUBJECT OF THIS EXERCISE AGREEMENT, IF NOT YET QUALIFIED
WITH THE CALIFORNIA COMMISSIONER OF CORPORATIONS AND NOT EXEMPT FROM SUCH
QUALIFICATION, IS SUBJECT TO SUCH QUALIFICATION, AND THE ISSUANCE OF SUCH
SECURITIES, AND THE RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO
SUCH QUALIFICATION IS UNLAWFUL UNLESS THE SALE IS EXEMPT. THE RIGHTS OF THE
PARTIES TO THIS EXERCISE AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH
QUALIFICATION BEING OBTAINED OR AN EXEMPTION BEING AVAILABLE.

        5. RESTRICTED SECURITIES.

           5.1 No Transfer Unless Registered or Exempt. Purchaser understands
that Purchaser may not transfer any Shares unless such Shares are registered
under the Securities Act or qualified under applicable state securities laws or
unless, in the opinion of counsel to the Company, exemptions from such
registration and qualification requirements are available for such transfer.
Purchaser understands that only the Company may file a registration statement
with the SEC and that the Company is under no obligation to do so with respect
to the Shares. Purchaser has also been advised that exemptions from registration
and qualification may not be available or may not permit Purchaser to transfer
all or any of the Shares in the amounts or at the times proposed by Purchaser.

           5.2 SEC Rule 144. In addition, Purchaser has been advised that SEC
Rule 144 promulgated under the Securities Act, which permits certain limited
sales of unregistered securities, is not presently available with respect to the
Shares and, in any event, requires that the Shares be held for a minimum of one
(1) year, and in certain cases two (2) years, after they have been purchased and
paid for (within the meaning of Rule 144). Purchaser understands that Rule 144
may indefinitely restrict transfer of the Shares so long as Purchaser remains an
"affiliate" of the Company or if "current public information" about the Company
(as defined in Rule 144) is not publicly available.

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        6. RESTRICTIONS ON TRANSFERS.

           6.1 Disposition of Shares. Purchaser hereby agrees that Purchaser
shall make no disposition of the Shares (other than as permitted by this
Exercise Agreement) unless and until:

               (a) Purchaser shall have notified the Company of the proposed
disposition and provided a written summary of the terms and conditions of the
proposed disposition;

               (b) Purchaser shall have complied with all requirements of this
Exercise Agreement applicable to the disposition of the Shares;

               (c) Purchaser shall have provided the Company with written
assurances, in form and substance satisfactory to counsel for the Company, that
(i) the proposed disposition does not require registration of the Shares under
the Securities Act or (ii) all appropriate actions necessary for compliance with
the registration requirements of the Securities Act or of any exemption from
registration available under the Securities Act (including Rule 144) have been
taken; and

               (d) Purchaser shall have provided the Company with written
assurances, in form and substance satisfactory to the Company, that the proposed
disposition will not result in the contravention of any transfer restrictions
applicable to the Shares pursuant to the provisions of the Regulations referred
to in Section 4.2 hereof.

           6.2 Restriction on Transfer. Purchaser shall not transfer, assign,
grant a lien or security interest in, pledge, hypothecate, encumber or otherwise
dispose of any of the Shares which are subject to the Company's Right of First
Refusal described below, except as permitted by this Exercise Agreement.

           6.3 Transferee Obligations. Each person (other than the Company) to
whom the Shares are transferred by means of one of the permitted transfers
specified in this Exercise Agreement must, as a condition precedent to the
validity of such transfer, acknowledge in writing to the Company that such
person is bound by the provisions of this Exercise Agreement and that the
transferred Shares are subject to (i) the Company's Right of First Refusal
granted hereunder and (ii) the market stand-off provisions of Section 7 hereof,
to the same extent such Shares would be so subject if retained by the Purchaser.

        7. MARKET STANDOFF AGREEMENT. Purchaser agrees in connection with any
registration of the Company's securities that, upon the request of the Company
or the underwriters managing any public offering of the Company's securities,
Purchaser will not sell or otherwise dispose of any Shares without the prior
written consent of the Company or such underwriters, as the case may be, for
such period of time (not to exceed one hundred eighty (180) days) after the
effective date of such registration requested by such managing underwriters and
subject to all restrictions as the Company or the underwriters may specify.
Purchaser further agrees to enter into any agreement reasonably required by the
underwriters to implement the foregoing.

                                       14
<PAGE>   15

        8. COMPANY'S RIGHT OF FIRST REFUSAL. Before any Vested Shares (as
defined in the Stock Option Agreement) held by Purchaser or any transferee of
such Vested Shares (either sometimes referred to herein as the "HOLDER") may be
sold or otherwise transferred (including, without limitation, a transfer by gift
or operation of law), the Company and/or its assignee(s) will have a right of
first refusal to purchase the Vested Shares to be sold or transferred (the
"OFFERED SHARES") on the terms and conditions set forth in this Section (the
"RIGHT OF FIRST REFUSAL").

           8.1 Notice of Proposed Transfer. The Holder of the Offered Shares
will deliver to the Company a written notice (the "NOTICE") stating: (i) the
Holder's bona fide intention to sell or otherwise transfer the Offered Shares;
(ii) the name and address of each proposed purchaser or other transferee (the
"PROPOSED TRANSFEREE"); (iii) the number of Offered Shares to be transferred to
each Proposed Transferee; (iv) the bona fide cash price or other consideration
for which the Holder proposes to transfer the Offered Shares (the "OFFERED
PRICE"); and (v) that the Holder acknowledges this Notice is an offer to sell
the Offered Shares to the Company and/or its assignee(s) pursuant to the
Company's Right of First Refusal at the Offered Price as provided for in this
Exercise Agreement.

           8.2 Exercise of Right of First Refusal. At any time within thirty
(30) days after the date of the Notice, the Company and/or its assignee(s) may,
by giving written notice to the Holder, elect to purchase all (or, with the
consent of the Holder, less than all) the Offered Shares proposed to be
transferred to any one or more of the Proposed Transferees named in the Notice,
at the purchase price, determined as specified below.

           8.3 Purchase Price. The purchase price for the Offered Shares
purchased under this Section will be the Offered Price, provided that if the
Offered Price consists of no legal consideration (as, for example, in the case
of a transfer by gift) the purchase price will be the fair market value of the
Offered Shares as determined in good faith by the Company's Board of Directors.
If the Offered Price includes consideration other than cash, then the value of
the non-cash consideration, as determined in good faith by the Company's Board
of Directors, will conclusively be deemed to be the cash equivalent value of
such non-cash consideration.

           8.4 Payment. Payment of the purchase price for the Offered Shares
will be payable, at the option of the Company and/or its assignee(s) (as
applicable), by check or by cancellation of all or a portion of any outstanding
indebtedness owed by the Holder to the Company (or to such assignee, in the case
of a purchase of Offered Shares by such assignee) or by any combination thereof.
The purchase price will be paid without interest within sixty (60) days after
the Company's receipt of the Notice, or, at the option of the Company and/or its
assignee(s), in the manner and at the time(s) set forth in the Notice.

           8.5 Holder's Right to Transfer. If all of the Offered Shares proposed
in the Notice to be transferred to a given Proposed Transferee are not purchased
by the Company and/or its assignee(s) as provided in this Section, then the
Holder may sell or otherwise transfer such Offered Shares to each Proposed
Transferee at the Offered Price or at a higher price, provided that (i) such
sale or other transfer is consummated within one hundred twenty (120) days after
the date of the Notice, (ii) any such sale or other transfer is effected in
compliance with all applicable securities laws, and (iii) each Proposed
Transferee agrees in writing that the provisions of this Section will continue
to apply to the Offered Shares in the hands of such Proposed Transferee. If the
Offered Shares described in the Notice are not transferred to each Proposed
Transferee within such one hundred twenty (120) day period, then a new Notice
must

                                       15
<PAGE>   16

be given to the Company pursuant to which the Company will again be offered the
Right of First Refusal before any Shares held by the Holder may be sold or
otherwise transferred.

           8.6 Exempt Transfers. Notwithstanding anything to the contrary in
this Section, the following transfers of Vested Shares will be exempt from the
Right of First Refusal: (i) the transfer of any or all of the Vested Shares
during Purchaser's lifetime by gift or on Purchaser's death by will or intestacy
to Purchaser's "Immediate Family" (as defined below) or to a trust for the
benefit of Purchaser or Purchaser's Immediate Family, provided that each
transferee or other recipient agrees in a writing signed by such transferee or
recipient and satisfactory to the Company that the provisions of this Section
will continue to apply to the transferred Vested Shares in the hands of such
transferee or other recipient; (ii) any transfer of Vested Shares made pursuant
to a statutory merger or statutory consolidation of the Company with or into
another corporation or corporations (except that the Right of First Refusal will
continue to apply thereafter to such Vested Shares, in which case the surviving
corporation of such merger or consolidation shall succeed to the rights of the
Company under this Section unless the agreement of merger or consolidation
expressly otherwise provides or unless the stock of such surviving corporation
is publicly traded) or unless the Shares or securities into which the Shares are
converted or exchanged in such merger or consolidation are registered under the
Securities Act; or (iii) any transfer of Vested Shares pursuant to the winding
up and dissolution of the Company. As used herein, the term "IMMEDIATE FAMILY"
will mean Purchaser's spouse, the lineal descendant or antecedent, father,
mother, brother or sister, child, adopted child, grandchild or adopted
grandchild of the Purchaser or the Purchaser's spouse, or the spouse of any
child, adopted child, grandchild or adopted grandchild of Purchaser or the
Purchaser's spouse.

           8.7 Termination of Right of First Refusal. The Right of First Refusal
will terminate as to all Shares on the effective date of the first sale of
Common Stock of the Company to the general public pursuant to a registration
statement filed with and declared effective by the SEC under the Securities Act
(other than a registration statement relating solely to the issuance of Common
Stock pursuant to a business combination or an employee incentive or benefit
plan).

           8.8 Encumbrances on Vested Shares. Purchaser may grant a lien or
security interest in, or pledge, hypothecate or encumber Vested Shares only if
each party to whom such lien or security interest is granted, or to whom such
pledge, hypothecation or other encumbrance is made, agrees in a writing
satisfactory to the Company that: (i) such lien, security interest, pledge,
hypothecation or encumbrance will not apply to such Vested Shares after they are
acquired by the Company and/or its assignees under this Section; and (ii) the
provisions of this Section will continue to apply to such Vested Shares in the
hands of such party and any transferee of such party. Purchaser may not grant a
lien or security interest in, or pledge, hypothecate or encumber, any Unvested
Shares.

        9. RIGHTS AS A SHAREHOLDER. Subject to the terms and conditions of this
Exercise Agreement, Purchaser will have all of the rights of a shareholder of
the Company with respect to the Shares from and after the date that Shares are
issued to Purchaser until such time as Purchaser disposes of the Shares or the
Company and/or its assignee(s) exercise(s) the Right of First Refusal. Upon an
exercise of the Right of First Refusal, Purchaser will have no further rights as
a holder of the Shares so purchased upon such exercise, other than the right to
receive payment for the Shares so purchased in accordance with the provisions of
this Exercise Agreement, and Purchaser will promptly surrender the stock
certificate(s) evidencing the Shares so purchased to the Company for transfer or
cancellation.

                                       16
<PAGE>   17

        10. ESCROW. As security for Purchaser's faithful performance of this
Exercise Agreement, Purchaser agrees, immediately upon receipt of the stock
certificate(s) evidencing the Shares, to deliver such certificate(s), together
with the Stock Powers executed by Purchaser and by Purchaser's spouse, if any
(with the date and number of Shares left blank), to the Secretary of the Company
or other designee of the Company (the "ESCROW HOLDER"), who is hereby appointed
to hold such certificate(s) and Stock Powers in escrow and to take all such
actions and to effectuate all such transfers and/or releases of such Shares as
are in accordance with the terms of this Exercise Agreement. Purchaser and the
Company agree that Escrow Holder will not be liable to any party to this
Exercise Agreement (or to any other party) for any actions or omissions unless
Escrow Holder is grossly negligent or intentionally fraudulent in carrying out
the duties of Escrow Holder under this Exercise Agreement. Escrow Holder may
rely upon any letter, notice or other document executed with any signature
purported to be genuine and may rely on the advice of counsel and obey any order
of any court with respect to the transactions contemplated by this Exercise
Agreement. The Shares will be released from escrow upon termination of the Right
of First Refusal.

        11. RESTRICTIVE LEGENDS AND STOP-TRANSFER ORDERS.

            11.1 Legends. Purchaser understands and agrees that the Company will
place the legends set forth below or similar legends on any stock certificate(s)
evidencing the Shares, together with any other legends that may be required by
state or U.S. Federal securities laws, the Company's Certificate of
Incorporation or Bylaws, any other agreement between Purchaser and the Company
or any agreement between Purchaser and any third party:

            THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER
            THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT
            TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
            TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT
            AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR
            EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE
            REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN
            INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY
            REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO
            THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN
            COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE
            SECURITIES LAWS.

            THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
            RESTRICTIONS ON PUBLIC RESALE AND TRANSFER, INCLUDING THE RIGHT OF
            FIRST REFUSAL OPTIONS HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S) AS
            SET FORTH IN A STOCK OPTION EXERCISE AGREEMENT BETWEEN THE ISSUER
            AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE
            OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH PUBLIC SALE AND
            TRANSFER RESTRICTIONS INCLUDING THE RIGHT OF FIRST REFUSAL ARE
            BINDING ON TRANSFEREES OF THESE SHARES.

                                       17
<PAGE>   18

            THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A MARKET
            STANDOFF RESTRICTION AS SET FORTH IN A CERTAIN STOCK OPTION EXERCISE
            AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE
            SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF
            THE ISSUER. AS A RESULT OF SUCH AGREEMENT, THESE SHARES MAY NOT BE
            TRADED PRIOR TO 180 DAYS AFTER THE EFFECTIVE DATE OF THE INITIAL
            PUBLIC OFFERING OF THE COMMON STOCK OF THE ISSUER HEREOF. SUCH
            RESTRICTION IS BINDING ON TRANSFEREES OF THESE SHARES.

            11.2 Stop-Transfer Instructions. Purchaser agrees that, to ensure
compliance with the restrictions imposed by this Exercise Agreement, the Company
may issue appropriate "stop-transfer" instructions to its transfer agent, if
any, and if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

            11.3 Refusal to Transfer. The Company will not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Exercise Agreement or (ii) to treat
as owner of such Shares, or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Shares have been so transferred.

        12. TAX CONSEQUENCES. PURCHASER UNDERSTANDS THAT PURCHASER MAY SUFFER
ADVERSE TAX CONSEQUENCES AS A RESULT OF PURCHASER'S PURCHASE OR DISPOSITION OF
THE SHARES. PURCHASER REPRESENTS: (i) THAT PURCHASER HAS CONSULTED WITH ANY TAX
ADVISER THAT PURCHASER DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR
DISPOSITION OF THE SHARES AND (ii) THAT PURCHASER IS NOT RELYING ON THE COMPANY
FOR ANY TAX ADVICE. Set forth below is a brief summary as of the date the Plan
was adopted by the Board of some of the U.S. Federal and California tax
consequences of exercise of the Option and disposition of the Shares. THIS
SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. PURCHASER SHOULD CONSULT HIS OR HER OWN TAX ADVISER BEFORE EXERCISING
THIS OPTION OR DISPOSING OF THE SHARES.

            12.1 Exercise of Incentive Stock Option. If the Option qualifies as
an ISO, there will be no regular U.S. Federal income tax liability or California
income tax liability upon the exercise of the Option, although the excess, if
any, of the Fair Market Value of the Shares on the date of exercise over the
Exercise Price will be treated as a tax preference item for U.S. Federal
alternative minimum tax purposes and may subject Purchaser to the alternative
minimum tax in the year of exercise.

            12.2 Exercise of Nonqualified Stock Option. If the Option does not
qualify as an ISO, there may be a regular U.S. Federal income tax liability and
a California income tax liability upon the exercise of the Option. Purchaser
will be treated as having received compensation income (taxable at ordinary
income tax rates) equal to the excess, if any, of the Fair Market Value of the
Shares on the date of exercise over the Exercise Price. The Company may be
required to withhold from Purchaser's compensation or collect from Purchaser and
pay to the applicable taxing authorities an amount equal to a percentage of this
compensation income at the time of exercise.

                                       18
<PAGE>   19

            12.3 Disposition of Shares. The following tax consequences may apply
upon disposition of the Shares.

                 (a) Incentive Stock Options. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to
the exercise of an ISO and are disposed of more than two (2) years after the
Date of Grant, any gain realized on disposition of the Shares will be treated as
long term capital gain for federal and California income tax purposes. If Shares
purchased under an ISO are disposed of within the applicable one (1) year or two
(2) year period, any gain realized on such disposition will be treated as
compensation income (taxable at ordinary income rates) to the extent of the
excess, if any, of the Fair Market Value of the Shares on the date of exercise
over the Exercise Price.

                 (b) Nonqualified Stock Options. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to
the exercise of a nonqualified stock option, any gain realized on disposition of
the Shares will be treated as long term capital gain.

                 (c) Withholding. The Company may be required to withhold from
the Purchaser's compensation or collect from the Purchaser and pay to the
applicable taxing authorities an amount equal to a percentage of this
compensation income.

        13. COMPLIANCE WITH LAWS AND REGULATIONS. The issuance and transfer of
the Shares will be subject to and conditioned upon compliance by the Company and
Purchaser with all applicable state and U.S. Federal laws and regulations and
with all applicable requirements of any stock exchange or automated quotation
system on which the Company's Common Stock may be listed or quoted at the time
of such issuance or transfer.

        14. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Exercise Agreement, including its rights to purchase Shares under the
Right of First Refusal. This Exercise Agreement shall be binding upon and inure
to the benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer herein set forth, this Exercise Agreement will be
binding upon Purchaser and Purchaser's heirs, executors, administrators, legal
representatives, successors and assigns.

        15. GOVERNING LAW; SEVERABILITY. This Exercise Agreement shall be
governed by and construed in accordance with the internal laws of the State of
California as such laws are applied to agreements between California residents
entered into and to be performed entirely within California. If any provision of
this Exercise Agreement is determined by a court of law to be illegal or
unenforceable, then such provision will be enforced to the maximum extent
possible and the other provisions will remain fully effective and enforceable.

        16. NOTICES. Any notice required to be given or delivered to the Company
shall be in writing and addressed to the Corporate Secretary of the Company at
its principal corporate offices. Any notice required to be given or delivered to
Purchaser shall be in writing and addressed to Purchaser at the address
indicated above or to such other address as Purchaser may designate in writing
from time to time to the Company. All notices shall be deemed effectively given
upon personal delivery, (i) three (3) days after deposit in the United States
mail by certified or registered mail (return receipt requested), (ii) one (1)
business day after its deposit

                                       19
<PAGE>   20

with any return receipt express courier (prepaid), or (iii) one (1) business day
after transmission by rapifax or telecopier.

        17. FURTHER INSTRUMENTS. The parties agree to execute such further
instruments and to take such further action as may be reasonably necessary to
carry out the purposes and intent of this Exercise Agreement.

        18. HEADINGS. The captions and headings of this Exercise Agreement are
included for ease of reference only and will be disregarded in interpreting or
construing this Exercise Agreement. All references herein to Sections will refer
to Sections of this Exercise Agreement.

        19. ENTIRE AGREEMENT. The Plan, the Stock Option Agreement and this
Exercise Agreement, together with all Exhibits thereto, constitute the entire
agreement and understanding of the parties with respect to the subject matter of
this Exercise Agreement, and supersede all prior understandings and agreements,
whether oral or written, between the parties hereto with respect to the specific
subject matter hereof.

                  [remainder of page intentionally left blank]

                                       20
<PAGE>   21

        IN WITNESS WHEREOF, the Company has caused this Exercise Agreement to be
executed in triplicate by its duly authorized representative and Purchaser has
executed this Exercise Agreement in triplicate as of the Effective Date,
indicated above.

EHNC INC.                                   PURCHASER

By:__________________________________        __________________________________
                                            (Signature)

_____________________________________        __________________________________
(Please print name)                         (Please print name)

_____________________________________
(Please print title)

          [SIGNATURE PAGE TO EHNC INC. STOCK OPTION EXERCISE AGREEMENT]

                                       21
<PAGE>   22

                                LIST OF EXHIBITS

Exhibit 1:     Stock Power and Assignment Separate from Stock Certificate

Exhibit 2:     Consent of Spouse

Exhibit 3:     Copy of Purchaser's Check

                                       22
<PAGE>   23

                                    EXHIBIT 1

                           STOCK POWER AND ASSIGNMENT
                         SEPARATE FROM STOCK CERTIFICATE

                                       23
<PAGE>   24

                           STOCK POWER AND ASSIGNMENT
                         SEPARATE FROM STOCK CERTIFICATE

        FOR VALUE RECEIVED and pursuant to that certain Stock Option Exercise
Agreement No. ________ [TO BE COMPLETED AT THE TIME OF EXERCISE] dated as of
_______________, _____, [TO BE COMPLETED AT THE TIME OF EXERCISE] (the
"AGREEMENT"), the undersigned hereby sells, assigns and transfers unto
_______________________________, __________ shares of the Common Stock
__________, par value per share, of eHNC Inc., a Delaware corporation (the
"COMPANY"), standing in the undersigned's name on the books of the Company
represented by Certificate No(s). ______ [TO BE COMPLETED AT THE TIME OF
EXERCISE] delivered herewith, and does hereby irrevocably constitute and appoint
the Secretary of the Company as the undersigned's attorney-in-fact, with full
power of substitution, to transfer said stock on the books of the Company. THIS
ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS
THERETO.

Dated:  _______________, _____

                                    PURCHASER

                                    ____________________________________________
                                    (Signature)

                                    ____________________________________________
                                    (Please Print Name)

                                    ____________________________________________
                                    (Spouse's Signature, if any)

                                    ____________________________________________
                                    (Please Print Spouse's Name)

INSTRUCTIONS TO PURCHASER: Please do not fill in any blanks other than the
signature line. The purpose of this Stock Power and Assignment is to enable the
Company to acquire the shares pursuant to its "Right of First Refusal" set forth
in the Exercise Agreement without requiring additional signatures on the part of
the Purchaser or Purchaser's Spouse.

                                       24
<PAGE>   25

                                    EXHIBIT 2

                                CONSENT OF SPOUSE

                                       25
<PAGE>   26

                                CONSENT OF SPOUSE

        The undersigned spouse of ______________________________ (the
"PURCHASER") has read, understands, and hereby approves the Stock Option
Exercise Agreement between Purchaser and the Company dated as of (the
"AGREEMENT"). In consideration of the Company's granting my spouse the right to
purchase the Shares as set forth in the Agreement, the undersigned hereby agrees
to be irrevocably bound by the Agreement and further agrees that any community
property interest I may have in the Shares shall similarly be bound by the
Agreement. The undersigned hereby appoints Purchaser as my attorney-in-fact with
respect to any amendment or exercise of any rights under the Agreement.

Date: ____________________________

                                                ________________________________
                                                Print Name of Purchaser's Spouse

                                                ________________________________
                                                Signature of Purchaser's Spouse

                                      Address:  ________________________________

                                                ________________________________

                                                ________________________________

                                       26
<PAGE>   27

                                    EXHIBIT 3

                            COPY OF PURCHASER'S CHECK

                                       27
<PAGE>   28

                                    EXHIBIT B

                            ACKNOWLEDGMENT REGARDING
                     OPTIONS NOT BEING ISSUED UNDER RULE 701

        You, the undersigned, acknowledge that the options to purchase shares of
Common Stock of eHNC Inc., a Delaware corporation ("EHNC"), being issued to you
under eHNC's 1999 Executive Equity Incentive Plan (the "EHNC OPTIONS") are not
being issued in reliance on the Rule 701 exemption created by the Securities and
Exchange Commission ("SEC"). Instead, the eHNC Options are being issued to you
in reliance upon an exemption from registration provided by Regulation D and/or
Section 4(2) of the Securities Act of 1933 (the "PRIVATE OFFERING EXEMPTION").

        eHNC shares that are acquired upon exercise of options issued under Rule
701 generally may be resold publicly without SEC registration beginning 90 days
following an initial public offering ("IPO") of eHNC. HOWEVER, SHARES ACQUIRED
UPON EXERCISE OF EHNC OPTIONS ISSUED TO YOU IN RELIANCE UPON THE PRIVATE
OFFERING EXEMPTION MAY NOT BE RESOLD TO THE PUBLIC UNLESS THEY ARE REGISTERED
WITH THE SEC OR ARE SOLD PURSUANT TO SEC RULE 144. SHARES CANNOT BE RESOLD UNDER
RULE 144, UNLESS AND UNTIL THEY HAVE BEEN HELD FOR AT LEAST 1 YEAR. You
acknowledge that eHNC is under no obligation to consummate an IPO, to register
either the eHNC Options being issued to you or the shares obtained upon exercise
of the eHNC Options.

        eHNC has no current plans to register any of its shares for public sale,
including any shares obtained by you upon exercise of your eHNC Options.
However, if eHNC determines to undertake an IPO, it would be eHNC's intention to
register unexercised options that meet the requirements for inclusion on a Form
S-8 Registration Statement when and if the Company qualifies to use such
registration form. Any filing of a Form S-8 registration statement would occur
after an IPO.

        Shares acquired upon the exercise of non-Rule 701 options prior to the
effective date of a Form S-8 Registration Statement must be resold in compliance
with SEC Rule 144, including the requirement that shares not be resold for at
least one year after the date of exercise of the option. Sales under Rule 144 of
shares that have been held for at least one year but less than two years will
also be subject to the volume limitations and other restrictions imposed by such
rule, such as the requirement of the availability of current public information
about eHNC. The public information requirements would not be fulfilled unless
eHNC has completed a public offering of its stock.

        You confirm that you understand that the eHNC Options issued to you are
being/have been issued in reliance on the Private Placement Exemption and that
shares obtained upon exercise of the eHNC Options will not be eligible for
public resale following any public offering of the Company's securities, except
for the sale of shares acquired upon option exercises occurring after the
effective date of a Form S-8 Registration Statement by eHNC or except in
compliance with Rule 144.

Signature:__________________________

Name:_______________________________

Date:_______________________________

                                       28
<PAGE>   29

                   FORM OF STOCK OPTION AGREEMENT FOR EHNC EXECUTIVE CONSULTANTS

                                                                 NO. ___________

                                    EHNC INC.

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN

                       NONQUALIFIED STOCK OPTION AGREEMENT

               This Nonqualified Stock Option Agreement (the "AGREEMENT") is
made and entered into as of the date of grant set forth below (the "DATE OF
GRANT") by and between eHNC Inc., a Delaware corporation (the "COMPANY"), and
the participant named below (the "PARTICIPANT"). Capitalized terms not defined
herein shall have the meaning ascribed to them in the Company's 1999 Executive
Equity Incentive Plan (the "PLAN").

PARTICIPANT:                         ___________________________________________
SOCIAL SECURITY NUMBER:              ___________________________________________
ADDRESS:                             ___________________________________________
                                     ___________________________________________
TOTAL OPTION SHARES:                 ___________________________________________
EXERCISE PRICE PER SHARE:            ___________________________________________
DATE OF GRANT:                       ___________________________________________
FIRST VESTING DATE:                  ___________________________________________
EXPIRATION DATE:                     ___________________________________________

TYPE OF STOCK OPTION:                NONQUALIFIED STOCK OPTION

               1. GRANT OF OPTION. The Company hereby grants to Participant a
nonqualified option (this "OPTION") to purchase up to the total number of shares
of Common Stock, $0.00001 par value, of the Company set forth above as Total
Option Shares (the "SHARES") at the Exercise Price Per Share set forth above
(the "EXERCISE PRICE"), subject to all of the terms and conditions of this
Agreement and the Plan.

               2. EXERCISE PERIOD.

                  2.1 Exercise Period of Option. Provided Participant continues
to provide services to the Company or a Parent, Subsidiary or Affiliate of the
Company, this Option will become vested and exercisable as to portions of the
Shares as follows: (i) this Option shall not vest nor be exercisable with
respect to any of the Shares until the First Vesting Date set forth on the first
page of this Agreement (the "FIRST VESTING DATE"); (ii) on the First Vesting
Date the Option will become vested and exercisable as to twenty-five percent
(25%) of the Shares and

                                       29
<PAGE>   30

(iii) thereafter on each successive anniversary of the First Vesting Date, the
Option will become vested and exercisable as to an additional twenty-five
percent (25%) of the Shares until the Shares are vested with respect to one
hundred percent (100%) of the Shares. If application of the vesting percentage
causes a fractional share, such share shall be rounded down to the nearest whole
share for each year except for the last year in such vesting period, at the end
of which last year this Option shall become exercisable for the full remainder
of the Shares.

                  2.2 Vesting of Options. Shares that are vested pursuant to the
schedule set forth in Section 2.1 are "VESTED SHARES." Shares that are not
vested pursuant to the schedule set forth in Section 2.1 are "UNVESTED SHARES."

                  2.3 Expiration. This Option shall expire on the Expiration
Date set forth above or earlier as provided in Section 3 below or pursuant to
the Plan.

               3. TERMINATION.

                  3.1 Termination for Any Reason Except Death, Disability or
Cause. If Participant is Terminated for any reason, except death, Disability or
for Cause, the Option, to the extent (and only to the extent) that it would have
been exercisable by Participant on the Termination Date, may be exercised by
Participant no later than three (3) months after the Termination Date, but in
any event no later than the Expiration Date.

                  3.2 Termination Because of Death or Disability. If Participant
is Terminated because of death or Disability of Participant (or Participant dies
within three (3) months of Termination when Termination is for any reason other
than Participant's Disability or for Cause), the Option, to the extent that it
is exercisable by Participant on the Termination Date, may be exercised by
Participant (or Participant's legal representative) no later than twelve (12)
months after the Termination Date, but in any event no later than the Expiration
Date.

                  3.3 Termination for Cause. If Participant is Terminated for
Cause, then the Option will expire on Participant's Termination Date, or at such
later time and on such conditions as are determined by the Committee.

                  3.4 No Obligation to Employ. Nothing in the Plan or this
Agreement shall confer on Participant any right to continue in the employ of, or
other relationship with, the Company or any Parent, Subsidiary or Affiliate of
the Company, or limit in any way the right of the Company or any Parent,
Subsidiary or Affiliate of the Company to terminate Participant's employment or
other relationship at any time, with or without Cause.

               4. MANNER OF EXERCISE.

                  4.1 Stock Option Exercise Agreement. To exercise this Option,
Participant (or in the case of exercise after Participant's death or incapacity,
Participant's executor, administrator, heir or legatee, as the case may be) must
deliver to the Company an executed stock option exercise agreement in the form
attached hereto as EXHIBIT A, or in such other form as may be approved by the
Committee from time to time (the "EXERCISE AGREEMENT"), which shall set forth,
inter alia, (i) Participant's election to exercise the Option, (ii) the number
of Shares being purchased, (iii) any restrictions imposed on the Shares and (iv)
any representations, warranties and agreements regarding Participant's
investment intent and access

                                       30
<PAGE>   31

to information as may be required by the Company to comply with applicable
securities laws. If someone other than Participant exercises the Option, then
such person must submit documentation reasonably acceptable to the Company
verifying that such person has the legal right to exercise the Option.

                  4.2 Limitations on Exercise. The Option may not be exercised
unless such exercise is in compliance with all applicable federal and state
securities laws, as they are in effect on the date of exercise. The Option may
not be exercised as to fewer than one hundred (100) Shares unless it is
exercised as to all Shares as to which the Option is then exercisable.

                  4.3 Payment. The Exercise Agreement shall be accompanied by
full payment of the Exercise Price for the shares being purchased in cash (by
check), or where permitted by law:

               (a) by cancellation of indebtedness of the Company to the
                   Participant;

               (b) provided that a public market for the Company's stock exists:
                   (i) through a "same day sale" commitment from Participant and
                   a broker-dealer that is a member of the National Association
                   of Securities Dealers (an "NASD DEALER") whereby Participant
                   irrevocably elects to exercise the Option and to sell a
                   portion of the Shares so purchased sufficient to pay for the
                   total Exercise Price and whereby the NASD Dealer irrevocably
                   commits upon receipt of such Shares to forward the total
                   Exercise Price directly to the Company, or (ii) through a
                   "margin" commitment from Participant and an NASD Dealer
                   whereby Participant irrevocably elects to exercise the Option
                   and to pledge the Shares so purchased to the NASD Dealer in a
                   margin account as security for a loan from the NASD Dealer in
                   the amount of the total Exercise Price, and whereby the NASD
                   Dealer irrevocably commits upon receipt of such Shares to
                   forward the total Exercise Price directly to the Company; or

               (c) by any combination of the foregoing.

                  4.4 Tax Withholding. Prior to the issuance of Shares upon each
exercise of the Option, Participant must pay or provide for any applicable
federal, state and local withholding obligations of the Company. If the
Committee permits, Participant may provide for payment of withholding taxes upon
exercise of the Option by requesting that the Company retain the minimum number
of Shares with a Fair Market Value equal to the minimum amount of taxes required
to be withheld. In such case, the Company shall issue the net number of Shares
to the Participant by deducting the Shares retained from the Shares issuable
upon exercise. Notwithstanding the foregoing, in no event will the Company
withhold Shares if such withholding would result in adverse accounting
consequences to the Company.

                  4.5 Issuance of Shares. Provided that the Exercise Agreement
and payment are in form and substance satisfactory to counsel for the Company,
the Company shall issue the Shares registered in the name of Participant,
Participant's authorized assignee, or Participant's legal representative, and
shall deliver certificates representing the Shares with the appropriate legends
affixed thereto.

                                       31
<PAGE>   32

               5. COMPLIANCE WITH LAWS AND REGULATIONS.

                  5.1 California Securities Law. The Plan and this Agreement are
intended to comply with Section 25102(f) of the California Corporations Code and
any regulations relating thereto.

                  5.2 Federal Securities Exemption. Participant acknowledges
that this Option is being granted to Participant pursuant to an exemption
provided by Section 4(2) of the Securities Act of 1933, as amended ("1933 ACT"),
and/or Regulation D promulgated thereunder in reliance on the representations
and warranties of Participant set forth in Section 5.3 below.

                  5.3 Representations and Warranties of Participant. Participant
hereby represents and warrants to the Company as follows:

                      (a) Participant is acquiring this Option for Participant's
        own account for investment purposes only and not with a view to, or for
        sale in connection with, a distribution of the restricted securities
        within the meaning of the 1933 Act.

                      (b) Participant is a director, officer, key employee of or
        consultant to the Company or its parent corporation and is fully aware
        of: (i) the highly speculative nature of the investment in this Option
        and the underlying Common Stock (collectively the "RESTRICTED
        SECURITIES"); (ii) the financial hazards involved; (iii) the lack of
        liquidity of the Restricted Securities and the restrictions on
        transferability of the Restricted Securities; (iv) the qualifications
        and backgrounds of the management of the Company; and (v) the tax
        consequences of investment in the Restricted Securities.

                      (c) Participant either (i) has a preexisting personal or
        business relationship with the Company and/or certain of its officers
        and/or directors of a nature and duration sufficient to make Participant
        aware of the character, business acumen and general business and
        financial circumstances of the Company and/or such officers and
        directors or (ii) by reason of Participant's business or financial
        experience, Participant is capable of evaluating the merits and risks of
        this investment, has the ability to protect Participant's own interests
        in this transaction and is financially capable of bearing a total loss
        of this investment.

                      (d) At no time was Participant presented with or solicited
        by any publicly issued or circulated newspaper, mail, radio, television
        or other form of general advertising or solicitation in connection with
        the offer, sale and purchase of this Option.

                      (e) Participant understands that this Option is not being
        issued to Participant pursuant to Rule 701 and accordingly that
        additional restrictions will apply to the resale of any Common Stock of
        the Company acquired upon exercise of this Option. Participant has read,
        understands and has executed the Acknowledgment attached hereto as
        EXHIBIT B.

                  5.4 Compliance Upon Exercise. The exercise of this Option and
the issuance and transfer of Shares shall be subject to compliance by the
Company and Participant with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on
which the Company's Common Stock may be listed at the time of such issuance or
transfer. Participant understands that the Company is under no

                                       32
<PAGE>   33

obligation to register or qualify the Shares with the SEC, any state securities
commission or any stock exchange to effect such compliance.

               6. NONTRANSFERABILITY OF OPTION. This Option may not be
transferred in any manner other than by will or by the laws of descent and
distribution and may be exercised during the lifetime of Participant only by
Participant or in the event of Participant's incapacity, by Participant's legal
representative. The terms of this Option shall be binding upon the executors,
administrators, successors and assigns of Participant.

               7. COMPANY'S RIGHT OF FIRST REFUSAL. Before any Vested Shares
held by Participant or any transferee of such Vested Shares may be sold or
otherwise transferred (including without limitation a transfer by gift or
operation of law), the Company and/or its assignee(s) shall have an assignable
right of first refusal to purchase the Vested Shares to be sold or transferred
on the terms and conditions set forth in the Exercise Agreement (the "RIGHT OF
FIRST REFUSAL"). The Company's Right of First Refusal will terminate when the
Company's securities become publicly traded.

               8. TAX CONSEQUENCES. Set forth below is a brief summary as of the
Effective Date of the Plan of some of the federal and California tax
consequences of exercise of this Option and disposition of the Shares. THIS
SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS
OPTION OR DISPOSING OF THE SHARES.

                  8.1 Exercise of Nonqualified Stock Option. There may be a
regular federal and California income tax liability upon the exercise of this
Option. Participant will be treated as having received compensation income
(taxable at ordinary income tax rates) equal to the excess, if any, of the Fair
Market Value of the Shares on the date of exercise over the Exercise Price. The
Company may be required to withhold from Participant's compensation or collect
from Participant and pay to the applicable taxing authorities an amount equal to
a percentage of this compensation income at the time of exercise.

                  8.2 Disposition of Shares. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to
the exercise of a nonqualified stock option, any gain realized on disposition of
the Shares will be treated as long term capital gain.

               9. PRIVILEGES OF STOCK OWNERSHIP. Participant shall not have any
of the rights of a stockholder with respect to any Shares until the Shares are
issued to Participant.

               10. INTERPRETATION. Any dispute regarding the interpretation of
this Agreement shall be submitted by Participant or the Company to the Committee
for review. The resolution of such a dispute by the Committee shall be final and
binding on the Company and Participant.

               11. ENTIRE AGREEMENT. The Plan is incorporated herein by
reference. This Agreement and the Plan constitute the entire agreement of the
parties and supersede all prior undertakings and agreements with respect to the
subject matter hereof.

                                       33
<PAGE>   34

               12. NOTICES. Any notice required to be given or delivered to the
Company under the terms of this Agreement shall be in writing and addressed to
the Corporate Secretary of the Company at its principal corporate offices. Any
notice required to be given or delivered to Participant shall be in writing and
addressed to Participant at the address indicated above or to such other address
as such party may designate in writing from time to time to the Company. All
notices shall be deemed to have been given or delivered upon: (i) personal
delivery; (ii) three (3) days after deposit in the United States mail by
certified or registered mail (return receipt requested); (iii) one (1) business
day after deposit with any return receipt express courier (prepaid); or (iv) one
(1) business day after transmission by facsimile, rapifax or telecopier.

               13. SUCCESSORS AND ASSIGNS. The Company may assign any of its
rights under this Agreement including its rights to purchase Shares under the
Right of First Refusal. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer set forth herein, this Agreement shall be binding upon
Participant and Participant's heirs, executors, administrators, legal
representatives, successors and assigns.

               14. GOVERNING LAW. This Agreement shall be governed by and
construed in accordance with the laws of the State of California as such laws
are applied to agreements between California residents entered into and to be
performed entirely within California. If any provision of this Agreement is
determined by a court of law to be illegal or unenforceable, then such provision
will be enforced to the maximum extent possible and the other provisions will
remain fully effective and enforceable.

               15. ACCEPTANCE. Participant hereby acknowledges receipt of a copy
of the Plan and this Agreement. Participant has read and understands the terms
and provisions thereof, and accepts this Option subject to all the terms and
conditions of the Plan and this Agreement. Participant acknowledges that there
may be adverse tax consequences upon exercise of this Option or disposition of
the Shares and that Participant should consult a tax adviser prior to such
exercise or disposition.

               IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed in triplicate by its duly authorized representative and Participant has
executed this Agreement in triplicate, effective as of the Date of Grant.

EHNC INC.                                     PARTICIPANT

By:__________________________________         __________________________________
                                              (Signature)

_____________________________________         __________________________________
(Please print name)                                (Please print name)

_____________________________________
(Please print title)

                                       34
<PAGE>   35

                                    EXHIBIT A

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN
                     FORM OF STOCK OPTION EXERCISE AGREEMENT

                                       35

<PAGE>   36

                                            1999 EXECUTIVE EQUITY INCENTIVE PLAN
                                                FOR eHNC EMPLOYEES & CONSULTANTS

                                                              NO. ______________

                                    eHNC INC.

                      1999 EXECUTIVE EQUITY INCENTIVE PLAN

                         STOCK OPTION EXERCISE AGREEMENT

        This Stock Option Exercise Agreement (the "EXERCISE AGREEMENT") is made
and entered into as of _________________________, 20___ (the "EFFECTIVE DATE")
by and between eHNC Inc., a Delaware corporation (the "COMPANY"), and the
purchaser named below (the "PURCHASER"). Capitalized terms not defined herein
shall have the meanings ascribed to them in the Company's 1999 Executive Equity
Incentive Plan (the "PLAN").

PURCHASER:                             _________________________________________

                                       _________________________________________

SOCIAL SECURITY NUMBER:                _________________________________________

ADDRESS:                               _________________________________________

                                       _________________________________________

                                       _________________________________________

TOTAL NUMBER OF SHARES:                _________________________________________

EXERCISE PRICE PER SHARE:              _________________________________________

DATE OF GRANT:                         _________________________________________

FIRST VESTING DATE:                    _________________________________________

EXPIRATION DATE:                       _________________________________________
                                       (Unless earlier terminated under
                                       Section 5.6 of the Plan)

TYPE OF STOCK OPTION                   [ ] INCENTIVE STOCK OPTION
(CHECK ONE):                           [ ] NONQUALIFIED STOCK OPTION

        1. EXERCISE OF OPTION.

           1.1 Exercise. Pursuant to exercise of that certain option (the
"OPTION") granted to Purchaser under the Plan and subject to the terms and
conditions of this Exercise Agreement, Purchaser hereby purchases from the
Company, and the Company hereby sells to Purchaser, the Total Number of Shares
set forth above (the "SHARES") of the Company's

                                       36
<PAGE>   37

Common Stock, $0.00001 par value per share, at the Exercise Price Per Share set
forth above (the "EXERCISE PRICE"). As used in this Exercise Agreement, the term
"SHARES" refers to the Shares purchased under this Exercise Agreement and
includes all securities received (i) in replacement of the Shares, (ii) as a
result of stock dividends or stock splits with respect to the Shares, and (iii)
all securities received in replacement of the Shares in a merger,
recapitalization, reorganization or similar corporate transaction.

           1.2 Title to Shares. The exact spelling of the name(s) under which
Purchaser will take title to the Shares is:

               _________________________________________________________________

               _________________________________________________________________

           Purchaser desires to take title to the Shares as follows:

               [ ] Individual, as separate property

               [ ] Husband and wife, as community property

               [ ] Joint Tenants

           1.3 Payment. Purchaser hereby delivers payment of the Exercise Price
in the manner permitted in the Stock Option Agreement as follows (check and
complete as appropriate):

               [ ] in cash (by check) in the amount of $____________, receipt
                   of which is acknowledged by the Company; or

               [ ] by cancellation of indebtedness of the Company owed to
                   Purchaser in the amount of $________________.

        2. DELIVERY.

           2.1 Deliveries by Purchaser. Purchaser hereby delivers to the Company
(i) this Exercise Agreement, (ii) two (2) copies of a blank Stock Power and
Assignment Separate from Stock Certificate in the form of Exhibit 1 attached
hereto (the "STOCK POWERS"), both executed by Purchaser (and Purchaser's spouse,
if any), (iii) if Purchaser is married, a Consent of Spouse in the form of
Exhibit 2 attached hereto (the "SPOUSE CONSENT") executed by Purchaser's spouse,
and (iv) the Exercise Price as provided in Section 1.3 and payment or other
provision for any applicable tax obligations in the form of _______________,
[ADD DESCRIPTION OF METHOD OF PAYMENT (USUALLY A "CHECK")] a copy of which is
attached hereto as Exhibit 3.

           2.2 Deliveries by the Company. Upon its receipt of the Exercise
Price, payment or other provision for any applicable tax obligations and all the
documents to be executed and delivered by Purchaser to the Company under Section
2.1, the Company will issue a duly executed stock certificate evidencing the
Shares in the name of Purchaser to be placed in escrow as provided in Section 10
until expiration or termination of the Company's Right of First Refusal
described in Section 8.

                                       37
<PAGE>   38

        3. REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser represents and
warrants to the Company that:

           3.1 Agrees to Terms of the Plan. Purchaser has received a copy of the
Plan and the Stock Option Agreement, has read and understands the terms of the
Plan, the Stock Option Agreement and this Exercise Agreement, and agrees to be
bound by their terms and conditions. Purchaser acknowledges that there may be
adverse tax consequences upon exercise of the Option or disposition of the
Shares, and that Purchaser should consult a tax adviser prior to such exercise
or disposition.

           3.2 Purchase for Own Account for Investment. Purchaser is purchasing
the Shares for Purchaser's own account for investment purposes only and not with
a view to, or for sale in connection with, a distribution of the Shares within
the meaning of the Securities Act. Purchaser has no present intention of selling
or otherwise disposing of all or any portion of the Shares and no one other than
Purchaser has any beneficial ownership of any of the Shares.

           3.3 Access to Information. Purchaser has received the eHNC Disclosure
Package. Purchaser has had access to all information regarding the Company and
its present and prospective business, assets, liabilities and financial
condition that Purchaser reasonably considers important in making the decision
to purchase the Shares, and Purchaser has had ample opportunity to ask questions
of the Company's representatives concerning such matters and this investment.

           3.4 Understanding of Risks. Purchaser is a consultant to or an
officer, director or key employee of the Company or its parent corporation and
is fully aware of: (i) the highly speculative nature of the investment in the
Shares; (ii) the financial hazards involved; (iii) the lack of liquidity of the
Shares and the restrictions on transferability of the Shares (e.g., that
Purchaser may not be able to sell or dispose of the Shares or use them as
collateral for loans); (iv) the qualifications and backgrounds of the management
of the Company; and (v) the tax consequences of investment in the Shares.
Purchaser is capable of evaluating the merits and risks of this investment, has
the ability to protect Purchaser's own interests in this transaction and is
financially capable of bearing a total loss of this investment.

           3.5 Relationship; Ability to Protect Interests. Purchaser either (i)
has a preexisting personal or business relationship with the Company and/or
certain of its officers and/or directors of a nature and duration sufficient to
make Purchaser aware of the character, business acumen and general business and
financial circumstances of the Company and/or such officers and directors or
(ii) by reason of Purchaser's business or financial experience, Purchaser is
capable of evaluating the merits and risks of this investment, has the ability
to protect Purchaser's own interests in this transaction and is financially
capable of bearing a total loss of this investment.

           3.6 No General Solicitation. At no time was Purchaser presented with
or solicited by any publicly issued or circulated newspaper, mail, radio,
television or other form of general advertising or solicitation in connection
with the offer, sale and purchase of the Shares.

           3.7 Financial Statements. Purchaser has received or otherwise had
access to financial statements of the Company annually during the period that
the Option was outstanding.

                                       38
<PAGE>   39

        4. COMPLIANCE WITH SECURITIES LAWS.

           4.1 Compliance with U.S. Federal Securities Laws. Purchaser
understands and acknowledges that the Shares have not been registered with the
SEC under the Securities Act and that, notwithstanding any other provision of
the Stock Option Agreement to the contrary, the exercise of any rights to
purchase any Shares is expressly conditioned upon compliance with the Securities
Act and all applicable state securities laws. Purchaser agrees to cooperate with
the Company to ensure compliance with such laws. The Shares are being issued
under the Securities Act pursuant to the exemption provided by Section 4(2)
thereof and/or Regulation D promulgated thereunder.

           4.2 Compliance with California Securities Laws. The Plan, The stock
option agreement, and this Exercise Agreement are intended to comply with
Section 25102(f) of the California Corporations Code and any rules (INCLUDING
COMMISSIONER RULES, IF APPLICABLE) or regulations promulgated thereunder BY THE
CALIFORNIA DEPARTMENT OF CORPORATIONS (the "REGULATIONS"). THE SALE OF THE
SECURITIES THAT ARE THE SUBJECT OF THIS EXERCISE AGREEMENT, IF NOT YET QUALIFIED
WITH THE CALIFORNIA COMMISSIONER OF CORPORATIONS AND NOT EXEMPT FROM SUCH
QUALIFICATION, IS SUBJECT TO SUCH QUALIFICATION, AND THE ISSUANCE OF SUCH
SECURITIES, AND THE RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO
SUCH QUALIFICATION IS UNLAWFUL UNLESS THE SALE IS EXEMPT. THE RIGHTS OF THE
PARTIES TO THIS EXERCISE AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH
QUALIFICATION BEING OBTAINED OR AN EXEMPTION BEING AVAILABLE.

        5. RESTRICTED SECURITIES.

           5.1 No Transfer Unless Registered or Exempt. Purchaser understands
that Purchaser may not transfer any Shares unless such Shares are registered
under the Securities Act or qualified under applicable state securities laws or
unless, in the opinion of counsel to the Company, exemptions from such
registration and qualification requirements are available for such transfer.
Purchaser understands that only the Company may file a registration statement
with the SEC and that the Company is under no obligation to do so with respect
to the Shares. Purchaser has also been advised that exemptions from registration
and qualification may not be available or may not permit Purchaser to transfer
all or any of the Shares in the amounts or at the times proposed by Purchaser.

           5.2 SEC Rule 144. In addition, Purchaser has been advised that SEC
Rule 144 promulgated under the Securities Act, which permits certain limited
sales of unregistered securities, is not presently available with respect to the
Shares and, in any event, requires that the Shares be held for a minimum of one
(1) year, and in certain cases two (2) years, after they have been purchased and
paid for (within the meaning of Rule 144). Purchaser understands that Rule 144
may indefinitely restrict transfer of the Shares so long as Purchaser remains an
"affiliate" of the Company or if "current public information" about the Company
(as defined in Rule 144) is not publicly available.

                                       39
<PAGE>   40

        6. RESTRICTIONS ON TRANSFERS.

           6.1 Disposition of Shares. Purchaser hereby agrees that Purchaser
shall make no disposition of the Shares (other than as permitted by this
Exercise Agreement) unless and until:

               (a) Purchaser shall have notified the Company of the proposed
disposition and provided a written summary of the terms and conditions of the
proposed disposition;

               (b) Purchaser shall have complied with all requirements of this
Exercise Agreement applicable to the disposition of the Shares;

               (c) Purchaser shall have provided the Company with written
assurances, in form and substance satisfactory to counsel for the Company, that
(i) the proposed disposition does not require registration of the Shares under
the Securities Act or (ii) all appropriate actions necessary for compliance with
the registration requirements of the Securities Act or of any exemption from
registration available under the Securities Act (including Rule 144) have been
taken; and

               (d) Purchaser shall have provided the Company with written
assurances, in form and substance satisfactory to the Company, that the proposed
disposition will not result in the contravention of any transfer restrictions
applicable to the Shares pursuant to the provisions of the Regulations referred
to in Section 4.2 hereof.

           6.2 Restriction on Transfer. Purchaser shall not transfer, assign,
grant a lien or security interest in, pledge, hypothecate, encumber or otherwise
dispose of any of the Shares which are subject to the Company's Right of First
Refusal described below, except as permitted by this Exercise Agreement.

           6.3 Transferee Obligations. Each person (other than the Company) to
whom the Shares are transferred by means of one of the permitted transfers
specified in this Exercise Agreement must, as a condition precedent to the
validity of such transfer, acknowledge in writing to the Company that such
person is bound by the provisions of this Exercise Agreement and that the
transferred Shares are subject to (i) the Company's Right of First Refusal
granted hereunder and (ii) the market stand-off provisions of Section 7 hereof,
to the same extent such Shares would be so subject if retained by the Purchaser.

        7. MARKET STANDOFF AGREEMENT. Purchaser agrees in connection with any
registration of the Company's securities that, upon the request of the Company
or the underwriters managing any public offering of the Company's securities,
Purchaser will not sell or otherwise dispose of any Shares without the prior
written consent of the Company or such underwriters, as the case may be, for
such period of time (not to exceed one hundred eighty (180) days) after the
effective date of such registration requested by such managing underwriters and
subject to all restrictions as the Company or the underwriters may specify.
Purchaser further agrees to enter into any agreement reasonably required by the
underwriters to implement the foregoing.

                                       40
<PAGE>   41

        8. COMPANY'S RIGHT OF FIRST REFUSAL. Before any Vested Shares (as
defined in the Stock Option Agreement) held by Purchaser or any transferee of
such Vested Shares (either sometimes referred to herein as the "HOLDER") may be
sold or otherwise transferred (including, without limitation, a transfer by gift
or operation of law), the Company and/or its assignee(s) will have a right of
first refusal to purchase the Vested Shares to be sold or transferred (the
"OFFERED SHARES") on the terms and conditions set forth in this Section (the
"RIGHT OF FIRST REFUSAL").

           8.1 Notice of Proposed Transfer. The Holder of the Offered Shares
will deliver to the Company a written notice (the "NOTICE") stating: (i) the
Holder's bona fide intention to sell or otherwise transfer the Offered Shares;
(ii) the name and address of each proposed purchaser or other transferee (the
"PROPOSED TRANSFEREE"); (iii) the number of Offered Shares to be transferred to
each Proposed Transferee; (iv) the bona fide cash price or other consideration
for which the Holder proposes to transfer the Offered Shares (the "OFFERED
PRICE"); and (v) that the Holder acknowledges this Notice is an offer to sell
the Offered Shares to the Company and/or its assignee(s) pursuant to the
Company's Right of First Refusal at the Offered Price as provided for in this
Exercise Agreement.

           8.2 Exercise of Right of First Refusal. At any time within thirty
(30) days after the date of the Notice, the Company and/or its assignee(s) may,
by giving written notice to the Holder, elect to purchase all (or, with the
consent of the Holder, less than all) the Offered Shares proposed to be
transferred to any one or more of the Proposed Transferees named in the Notice,
at the purchase price, determined as specified below.

           8.3 Purchase Price. The purchase price for the Offered Shares
purchased under this Section will be the Offered Price, provided that if the
Offered Price consists of no legal consideration (as, for example, in the case
of a transfer by gift) the purchase price will be the fair market value of the
Offered Shares as determined in good faith by the Company's Board of Directors.
If the Offered Price includes consideration other than cash, then the value of
the non-cash consideration, as determined in good faith by the Company's Board
of Directors, will conclusively be deemed to be the cash equivalent value of
such non-cash consideration.

           8.4 Payment. Payment of the purchase price for the Offered Shares
will be payable, at the option of the Company and/or its assignee(s) (as
applicable), by check or by cancellation of all or a portion of any outstanding
indebtedness owed by the Holder to the Company (or to such assignee, in the case
of a purchase of Offered Shares by such assignee) or by any combination thereof.
The purchase price will be paid without interest within sixty (60) days after
the Company's receipt of the Notice, or, at the option of the Company and/or its
assignee(s), in the manner and at the time(s) set forth in the Notice.

           8.5 Holder's Right to Transfer. If all of the Offered Shares proposed
in the Notice to be transferred to a given Proposed Transferee are not purchased
by the Company and/or its assignee(s) as provided in this Section, then the
Holder may sell or otherwise transfer such Offered Shares to each Proposed
Transferee at the Offered Price or at a higher price, provided that (i) such
sale or other transfer is consummated within one hundred twenty (120) days after
the date of the Notice, (ii) any such sale or other transfer is effected in
compliance with all applicable securities laws, and (iii) each Proposed
Transferee agrees in writing that the provisions of this Section will continue
to apply to the Offered Shares in the hands of such Proposed Transferee. If the
Offered Shares described in the Notice are not transferred to each Proposed
Transferee within such one hundred twenty (120) day period, then a new Notice
must

                                       41
<PAGE>   42

be given to the Company pursuant to which the Company will again be offered the
Right of First Refusal before any Shares held by the Holder may be sold or
otherwise transferred.

           8.6 Exempt Transfers. Notwithstanding anything to the contrary in
this Section, the following transfers of Vested Shares will be exempt from the
Right of First Refusal: (i) the transfer of any or all of the Vested Shares
during Purchaser's lifetime by gift or on Purchaser's death by will or intestacy
to Purchaser's "Immediate Family" (as defined below) or to a trust for the
benefit of Purchaser or Purchaser's Immediate Family, provided that each
transferee or other recipient agrees in a writing signed by such transferee or
recipient and satisfactory to the Company that the provisions of this Section
will continue to apply to the transferred Vested Shares in the hands of such
transferee or other recipient; (ii) any transfer of Vested Shares made pursuant
to a statutory merger or statutory consolidation of the Company with or into
another corporation or corporations (except that the Right of First Refusal will
continue to apply thereafter to such Vested Shares, in which case the surviving
corporation of such merger or consolidation shall succeed to the rights of the
Company under this Section unless the agreement of merger or consolidation
expressly otherwise provides or unless the stock of such surviving corporation
is publicly traded) or unless the Shares or securities into which the Shares are
converted or exchanged in such merger or consolidation are registered under the
Securities Act; or (iii) any transfer of Vested Shares pursuant to the winding
up and dissolution of the Company. As used herein, the term "IMMEDIATE FAMILY"
will mean Purchaser's spouse, the lineal descendant or antecedent, father,
mother, brother or sister, child, adopted child, grandchild or adopted
grandchild of the Purchaser or the Purchaser's spouse, or the spouse of any
child, adopted child, grandchild or adopted grandchild of Purchaser or the
Purchaser's spouse.

           8.7 Termination of Right of First Refusal. The Right of First Refusal
will terminate as to all Shares on the effective date of the first sale of
Common Stock of the Company to the general public pursuant to a registration
statement filed with and declared effective by the SEC under the Securities Act
(other than a registration statement relating solely to the issuance of Common
Stock pursuant to a business combination or an employee incentive or benefit
plan).

           8.8 Encumbrances on Vested Shares. Purchaser may grant a lien or
security interest in, or pledge, hypothecate or encumber Vested Shares only if
each party to whom such lien or security interest is granted, or to whom such
pledge, hypothecation or other encumbrance is made, agrees in a writing
satisfactory to the Company that: (i) such lien, security interest, pledge,
hypothecation or encumbrance will not apply to such Vested Shares after they are
acquired by the Company and/or its assignees under this Section; and (ii) the
provisions of this Section will continue to apply to such Vested Shares in the
hands of such party and any transferee of such party. Purchaser may not grant a
lien or security interest in, or pledge, hypothecate or encumber, any Unvested
Shares.

        9. RIGHTS AS A SHAREHOLDER. Subject to the terms and conditions of this
Exercise Agreement, Purchaser will have all of the rights of a shareholder of
the Company with respect to the Shares from and after the date that Shares are
issued to Purchaser until such time as Purchaser disposes of the Shares or the
Company and/or its assignee(s) exercise(s) the Right of First Refusal. Upon an
exercise of the Right of First Refusal, Purchaser will have no further rights as
a holder of the Shares so purchased upon such exercise, other than the right to
receive payment for the Shares so purchased in accordance with the provisions of
this Exercise Agreement, and Purchaser will promptly surrender the stock
certificate(s) evidencing the Shares so purchased to the Company for transfer or
cancellation.

                                       42
<PAGE>   43

        10. ESCROW. As security for Purchaser's faithful performance of this
Exercise Agreement, Purchaser agrees, immediately upon receipt of the stock
certificate(s) evidencing the Shares, to deliver such certificate(s), together
with the Stock Powers executed by Purchaser and by Purchaser's spouse, if any
(with the date and number of Shares left blank), to the Secretary of the Company
or other designee of the Company (the "ESCROW HOLDER"), who is hereby appointed
to hold such certificate(s) and Stock Powers in escrow and to take all such
actions and to effectuate all such transfers and/or releases of such Shares as
are in accordance with the terms of this Exercise Agreement. Purchaser and the
Company agree that Escrow Holder will not be liable to any party to this
Exercise Agreement (or to any other party) for any actions or omissions unless
Escrow Holder is grossly negligent or intentionally fraudulent in carrying out
the duties of Escrow Holder under this Exercise Agreement. Escrow Holder may
rely upon any letter, notice or other document executed with any signature
purported to be genuine and may rely on the advice of counsel and obey any order
of any court with respect to the transactions contemplated by this Exercise
Agreement. The Shares will be released from escrow upon termination of the Right
of First Refusal.

        11. RESTRICTIVE LEGENDS AND STOP-TRANSFER ORDERS.

            11.1 Legends. Purchaser understands and agrees that the Company will
place the legends set forth below or similar legends on any stock certificate(s)
evidencing the Shares, together with any other legends that may be required by
state or U.S. Federal securities laws, the Company's Certificate of
Incorporation or Bylaws, any other agreement between Purchaser and the Company
or any agreement between Purchaser and any third party:

            THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
            SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER
            THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT
            TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
            TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT
            AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR
            EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE
            REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN
            INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY
            REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO
            THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN
            COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE
            SECURITIES LAWS.

            THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
            RESTRICTIONS ON PUBLIC RESALE AND TRANSFER, INCLUDING THE RIGHT OF
            FIRST REFUSAL OPTIONS HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S) AS
            SET FORTH IN A STOCK OPTION EXERCISE AGREEMENT BETWEEN THE ISSUER
            AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE
            OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH PUBLIC SALE AND
            TRANSFER RESTRICTIONS INCLUDING THE RIGHT OF FIRST REFUSAL ARE
            BINDING ON TRANSFEREES OF THESE SHARES.

                                       43
<PAGE>   44

            THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A MARKET
            STANDOFF RESTRICTION AS SET FORTH IN A CERTAIN STOCK OPTION EXERCISE
            AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF THESE
            SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF
            THE ISSUER. AS A RESULT OF SUCH AGREEMENT, THESE SHARES MAY NOT BE
            TRADED PRIOR TO 180 DAYS AFTER THE EFFECTIVE DATE OF THE INITIAL
            PUBLIC OFFERING OF THE COMMON STOCK OF THE ISSUER HEREOF. SUCH
            RESTRICTION IS BINDING ON TRANSFEREES OF THESE SHARES.

            11.2 Stop-Transfer Instructions. Purchaser agrees that, to ensure
compliance with the restrictions imposed by this Exercise Agreement, the Company
may issue appropriate "stop-transfer" instructions to its transfer agent, if
any, and if the Company transfers its own securities, it may make appropriate
notations to the same effect in its own records.

            11.3 Refusal to Transfer. The Company will not be required (i) to
transfer on its books any Shares that have been sold or otherwise transferred in
violation of any of the provisions of this Exercise Agreement or (ii) to treat
as owner of such Shares, or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Shares have been so transferred.

        12. TAX CONSEQUENCES. PURCHASER UNDERSTANDS THAT PURCHASER MAY SUFFER
ADVERSE TAX CONSEQUENCES AS A RESULT OF PURCHASER'S PURCHASE OR DISPOSITION OF
THE SHARES. PURCHASER REPRESENTS: (i) THAT PURCHASER HAS CONSULTED WITH ANY TAX
ADVISER THAT PURCHASER DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR
DISPOSITION OF THE SHARES AND (ii) THAT PURCHASER IS NOT RELYING ON THE COMPANY
FOR ANY TAX ADVICE. Set forth below is a brief summary as of the date the Plan
was adopted by the Board of some of the U.S. Federal and California tax
consequences of exercise of the Option and disposition of the Shares. THIS
SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. PURCHASER SHOULD CONSULT HIS OR HER OWN TAX ADVISER BEFORE EXERCISING
THIS OPTION OR DISPOSING OF THE SHARES.

            12.1 Exercise of Incentive Stock Option. If the Option qualifies as
an ISO, there will be no regular U.S. Federal income tax liability or California
income tax liability upon the exercise of the Option, although the excess, if
any, of the Fair Market Value of the Shares on the date of exercise over the
Exercise Price will be treated as a tax preference item for U.S. Federal
alternative minimum tax purposes and may subject Purchaser to the alternative
minimum tax in the year of exercise.

            12.2 Exercise of Nonqualified Stock Option. If the Option does not
qualify as an ISO, there may be a regular U.S. Federal income tax liability and
a California income tax liability upon the exercise of the Option. Purchaser
will be treated as having received compensation income (taxable at ordinary
income tax rates) equal to the excess, if any, of the Fair Market Value of the
Shares on the date of exercise over the Exercise Price. The Company may be
required to withhold from Purchaser's compensation or collect from Purchaser and
pay to the applicable taxing authorities an amount equal to a percentage of this
compensation income at the time of exercise.

                                       44
<PAGE>   45

            12.3 Disposition of Shares. The following tax consequences may apply
upon disposition of the Shares.

                 (a) Incentive Stock Options. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to
the exercise of an ISO and are disposed of more than two (2) years after the
Date of Grant, any gain realized on disposition of the Shares will be treated as
long term capital gain for federal and California income tax purposes. If Shares
purchased under an ISO are disposed of within the applicable one (1) year or two
(2) year period, any gain realized on such disposition will be treated as
compensation income (taxable at ordinary income rates) to the extent of the
excess, if any, of the Fair Market Value of the Shares on the date of exercise
over the Exercise Price.

                 (b) Nonqualified Stock Options. If the Shares are held for more
than twelve (12) months after the date of the transfer of the Shares pursuant to
the exercise of a nonqualified stock option, any gain realized on disposition of
the Shares will be treated as long term capital gain.

                 (c) Withholding. The Company may be required to withhold from
the Purchaser's compensation or collect from the Purchaser and pay to the
applicable taxing authorities an amount equal to a percentage of this
compensation income.

        13. COMPLIANCE WITH LAWS AND REGULATIONS. The issuance and transfer of
the Shares will be subject to and conditioned upon compliance by the Company and
Purchaser with all applicable state and U.S. Federal laws and regulations and
with all applicable requirements of any stock exchange or automated quotation
system on which the Company's Common Stock may be listed or quoted at the time
of such issuance or transfer.

        14. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Exercise Agreement, including its rights to purchase Shares under the
Right of First Refusal. This Exercise Agreement shall be binding upon and inure
to the benefit of the successors and assigns of the Company. Subject to the
restrictions on transfer herein set forth, this Exercise Agreement will be
binding upon Purchaser and Purchaser's heirs, executors, administrators, legal
representatives, successors and assigns.

        15. GOVERNING LAW; SEVERABILITY. This Exercise Agreement shall be
governed by and construed in accordance with the internal laws of the State of
California as such laws are applied to agreements between California residents
entered into and to be performed entirely within California. If any provision of
this Exercise Agreement is determined by a court of law to be illegal or
unenforceable, then such provision will be enforced to the maximum extent
possible and the other provisions will remain fully effective and enforceable.

        16. NOTICES. Any notice required to be given or delivered to the Company
shall be in writing and addressed to the Corporate Secretary of the Company at
its principal corporate offices. Any notice required to be given or delivered to
Purchaser shall be in writing and addressed to Purchaser at the address
indicated above or to such other address as Purchaser may designate in writing
from time to time to the Company. All notices shall be deemed effectively given
upon personal delivery, (i) three (3) days after deposit in the United States
mail by certified or registered mail (return receipt requested), (ii) one (1)
business day after its deposit

                                       45
<PAGE>   46

with any return receipt express courier (prepaid), or (iii) one (1) business day
after transmission by rapifax or telecopier.

        17. FURTHER INSTRUMENTS. The parties agree to execute such further
instruments and to take such further action as may be reasonably necessary to
carry out the purposes and intent of this Exercise Agreement.

        18. HEADINGS. The captions and headings of this Exercise Agreement are
included for ease of reference only and will be disregarded in interpreting or
construing this Exercise Agreement. All references herein to Sections will refer
to Sections of this Exercise Agreement.

        19. ENTIRE AGREEMENT. The Plan, the Stock Option Agreement and this
Exercise Agreement, together with all Exhibits thereto, constitute the entire
agreement and understanding of the parties with respect to the subject matter of
this Exercise Agreement, and supersede all prior understandings and agreements,
whether oral or written, between the parties hereto with respect to the specific
subject matter hereof.

                  [remainder of page intentionally left blank]

                                       46
<PAGE>   47

        IN WITNESS WHEREOF, the Company has caused this Exercise Agreement to be
executed in triplicate by its duly authorized representative and Purchaser has
executed this Exercise Agreement in triplicate as of the Effective Date,
indicated above.

eHNC INC.                                     PURCHASER

By:__________________________________         _________________________________
                                              (Signature)

_____________________________________         _________________________________
(Please print name)                                (Please print name)

_____________________________________
(Please print title)

          [SIGNATURE PAGE TO eHNC INC. STOCK OPTION EXERCISE AGREEMENT]

                                       47
<PAGE>   48

                                LIST OF EXHIBITS

Exhibit 1:     Stock Power and Assignment Separate from Stock Certificate

Exhibit 2:     Consent of Spouse

Exhibit 3:     Copy of Purchaser's Check

                                       48
<PAGE>   49

                                    EXHIBIT 1

                           STOCK POWER AND ASSIGNMENT
                         SEPARATE FROM STOCK CERTIFICATE

                                       49
<PAGE>   50

                           STOCK POWER AND ASSIGNMENT
                         SEPARATE FROM STOCK CERTIFICATE

        FOR VALUE RECEIVED and pursuant to that certain Stock Option Exercise
Agreement No. ________ [TO BE COMPLETED AT THE TIME OF EXERCISE] dated as of
_______________, _____, [TO BE COMPLETED AT THE TIME OF EXERCISE] (the
"AGREEMENT"), the undersigned hereby sells, assigns and transfers unto
_______________________________, __________ shares of the Common Stock
__________, par value per share, of eHNC Inc., a Delaware corporation (the
"COMPANY"), standing in the undersigned's name on the books of the Company
represented by Certificate No(s). ______ [TO BE COMPLETED AT THE TIME OF
EXERCISE] delivered herewith, and does hereby irrevocably constitute and appoint
the Secretary of the Company as the undersigned's attorney-in-fact, with full
power of substitution, to transfer said stock on the books of the Company. THIS
ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS
THERETO.

Dated:  _______________, _____

                                        PURCHASER

                                        ________________________________________
                                        (Signature)

                                        ________________________________________
                                        (Please Print Name)

                                        ________________________________________
                                        (Spouse's Signature, if any)

                                        ________________________________________
                                        (Please Print Spouse's Name)

INSTRUCTIONS TO PURCHASER: Please do not fill in any blanks other than the
signature line. The purpose of this Stock Power and Assignment is to enable the
Company to acquire the shares pursuant to its "Right of First Refusal" set forth
in the Exercise Agreement without requiring additional signatures on the part of
the Purchaser or Purchaser's Spouse.

                                       50
<PAGE>   51

                                    EXHIBIT 2

                                CONSENT OF SPOUSE

                                       51
<PAGE>   52

                                CONSENT OF SPOUSE

        The undersigned spouse of ______________________________ (the
"PURCHASER") has read, understands, and hereby approves the Stock Option
Exercise Agreement between Purchaser and the Company dated as of (the
"AGREEMENT"). In consideration of the Company's granting my spouse the right to
purchase the Shares as set forth in the Agreement, the undersigned hereby agrees
to be irrevocably bound by the Agreement and further agrees that any community
property interest I may have in the Shares shall similarly be bound by the
Agreement. The undersigned hereby appoints Purchaser as my attorney-in-fact with
respect to any amendment or exercise of any rights under the Agreement.

Date:

                                               _________________________________
                                               Print Name of Purchaser's Spouse

                                               _________________________________
                                               Signature of Purchaser's Spouse

                                      Address: _________________________________

                                               _________________________________

                                               _________________________________

                                       52
<PAGE>   53

                                    EXHIBIT 3

                            COPY OF PURCHASER'S CHECK

                                       53
<PAGE>   54

                                    EXHIBIT B

                            ACKNOWLEDGMENT REGARDING
                     OPTIONS NOT BEING ISSUED UNDER RULE 701

        You, the undersigned, acknowledge that the options to purchase shares of
Common Stock of eHNC Inc., a Delaware corporation ("eHNC"), being issued to you
under eHNC's 1999 Executive Equity Incentive Plan (the "eHNC OPTIONS") are not
being issued in reliance on the Rule 701 exemption created by the Securities and
Exchange Commission ("SEC"). Instead, the eHNC Options are being issued to you
in reliance upon an exemption from registration provided by Regulation D and/or
Section 4(2) of the Securities Act of 1933 (the "PRIVATE OFFERING EXEMPTION").

        eHNC shares that are acquired upon exercise of options issued under Rule
701 generally may be resold publicly without SEC registration beginning 90 days
following an initial public offering ("IPO") of eHNC. HOWEVER, SHARES ACQUIRED
UPON EXERCISE OF eHNC OPTIONS ISSUED TO YOU IN RELIANCE UPON THE PRIVATE
OFFERING EXEMPTION MAY NOT BE RESOLD TO THE PUBLIC UNLESS THEY ARE REGISTERED
WITH THE SEC OR ARE SOLD PURSUANT TO SEC RULE 144. SHARES CANNOT BE RESOLD UNDER
RULE 144, UNLESS AND UNTIL THEY HAVE BEEN HELD FOR AT LEAST 1 YEAR. You
acknowledge that eHNC is under no obligation to consummate an IPO, to register
either the eHNC Options being issued to you or the shares obtained upon exercise
of the eHNC Options.

        eHNC has no current plans to register any of its shares for public sale,
including any shares obtained by you upon exercise of your eHNC Options.
However, if eHNC determines to undertake an IPO, it would be eHNC's intention to
register unexercised options that meet the requirements for inclusion on a Form
S-8 Registration Statement when and if the Company qualifies to use such
registration form. Any filing of a Form S-8 registration statement would occur
after an IPO.

        Shares acquired upon the exercise of non-Rule 701 options prior to the
effective date of a Form S-8 Registration Statement must be resold in compliance
with SEC Rule 144, including the requirement that shares not be resold for at
least one year after the date of exercise of the option. Sales under Rule 144 of
shares that have been held for at least one year but less than two years will
also be subject to the volume limitations and other restrictions imposed by such
rule, such as the requirement of the availability of current public information
about eHNC. The public information requirements would not be fulfilled unless
eHNC has completed a public offering of its stock.

        You confirm that you understand that the eHNC Options issued to you are
being/have been issued in reliance on the Private Placement Exemption and that
shares obtained upon exercise of the eHNC Options will not be eligible for
public resale following any public offering of the Company's securities, except
for the sale of shares acquired upon option exercises occurring after the
effective date of a Form S-8 Registration Statement by eHNC or except in
compliance with Rule 144.

Signature:__________________________

Name:_______________________________

Date:_______________________________

                                       54<PAGE>

                                                                   EXHIBIT 10.30

                            AMENDMENT NUMBER ONE TO
                          LOAN AND SECURITY AGREEMENT
                          ---------------------------

          THIS AMENDMENT NUMBER ONE TO LOAN AND SECURITY AGREEMENT (this
"Amendment"), is entered into as of November 19, 1999, between FOOTHILL CAPITAL
CORPORATION, a California corporation ("Foothill"), with a place of business
located at 11111 Santa Monica Boulevard, Suite 1500, Los Angeles, California
90025-3333, and QUANTUM NORTH AMERICA, INC., a California corporation
("Borrower"), with its chief executive office located at 15821 Ventura
Boulevard, 5th Floor, Encino, California 91436 with reference to the following
facts:

          WHEREAS, Foothill and Borrower heretofore entered into that certain
Loan and Security Agreement, dated as of December 1, 1998 (as amended, restated,
or otherwise modified from time to time, the "Agreement");

          B.  Borrower has requested that Foothill amend the Agreement as set
forth in this Amendment; and

          D.  Foothill is willing to so amend the Agreement in accordance with
the terms and conditions hereof.

          NOW, THEREFORE, in consideration of the above recitals and the mutual
promises contained herein, Foothill and Borrower hereby agree as follows:

      1.  Defined Terms.  All capitalized terms used herein and not otherwise
          -------------
defined herein shall have the meanings ascribed to them in the Agreement, as
amended hereby.

      2.  Amendments to the Agreement.
          ---------------------------

          (a)  The following definitions set forth in Section 1.1 of the
                                                      -----------
Agreement hereby are amended and restated in their entirety to read as follows:

               "Applicable Early Termination Premium" means (a) $600,000 from
                ------------------------------------
          and after the Closing Date to and including December 1, 2000, (b)
          $400,000 from and after December 2, 2000 to and including December 1,
          2001, and (c) $200,000 from and after December 2, 2001, and including
          any Renewal Period; provided, however, that if this Agreement is
                              --------  -------
          terminated in connection with the consummation of a sale of all or
          substantially all of the assets of, or Stock in, Borrower, then the
          "Applicable Early Termination Premium" shall be (a) $300,000 from and
          after the Closing Date through the first anniversary of the Closing
          Date, (b) $200,000 from and after the first anniversary of the Closing
          Date to the second anniversary of the Closing Date, and (c) $0
          thereafter.
<PAGE>

               "Maximum Amount" means (a) prior to the First Amendment Effective
                --------------
          Date, $20,000,000 (b) during the period from and after the First
          Amendment Effective Date through January 14, 2000, $20,500,000, and
          (c) from and after January 15, 2000, $20,000,000.

               "Renewal Date" means December 1, 2002.
                ------------

          (b)  The following definitions hereby are added to Section 1.1 of the
                                                             -----------
Agreement in the proper alphabetical order:

               "Advertising Expenditures" means for any Person for any period of
                ------------------------
          determination, the aggregate amount of expenses incurred (determined
          in accordance with GAAP) by such Person for media time (including,
          without limitation, the amount of prepaid media time expensed during
          such period) during such period of determination.

               "Advertising/Sales Ratio" means, for any Person for any period of
                -----------------------
          determination, the ratio, expressed as a percentage, of (a)
          Advertising Expenditures of such Person for such period of
          determination to (b) the gross Dollar amount of orders received by
          such Person for the sale of goods for such period.

               "Borrowing Base-Temporary" means, as of any date of
                ------------------------
          determination, the result of:

               (x)  the lesser of

                    (i)  the sum of

                         (A) the product of (1) 85% minus the Dilution Reserve
                         in respect of Accounts, times (2) the aggregate amount
                         of Eligible Accounts other than Eligible Credit
                         Enhanced Retail Accounts, plus
                                                   ----

                         (B) the lesser of (1) 85% of the Net Eligible Credit
                         Card Proceeds and (2) $3,000,000, plus
                                                           ----

                         (C) the product of (1) 85% minus the Dilution Reserve-
                         Eligible Credit Enhanced Retail Accounts, times (2) the
                         aggregate amount of Eligible Credit Enhanced Retail
                         Accounts;

                    and

                    (ii) an amount equal to Borrower's Collections with respect
                         to Accounts for the immediately preceding 60 day
                         period,

                                      -2-
<PAGE>

               plus

               (y)  the lowest of

                    (i)  $6,000,000,

                    (ii)  the sum of (A) 45% of the value of Eligible Landed
                          Inventory, plus (B) the lesser of $5,000,000, and 45 %
                                    ----
                          of the value of Eligible In Transit Inventory,

                    (iii) 80% of the net realizable value of Eligible Inventory
                          (which shall constitute its orderly liquidation value
                          less estimated expenses of liquidation thereof in each
                          case as reasonably determined by Foothill),

                    and

                    (iv)  50% of the amount of credit availability created by
                          clause (x) above,
                          ----------

               minus

               (z)  the aggregate amount of reserves, if any, established by
          Foothill under Section 2.1(b);
                         --------------

          provided, however, that if, at any time, the Borrowing Base-Temporary
          --------  -------
          exceeds the Borrowing Base by more than $2,500,000, then the Borrowing
          Base-Temporary shall be equal to the sum of the Borrowing Base plus
                                                                         ----
          $2,500,000.

               "Dilution-Credit Enhanced Retail Accounts" means, as of any date
                ----------------------------------------
          of determination, in each case based upon the experience of the 90-day
          period ending on the date that is 30 days prior to such date of
          determination, the result of dividing the Dollar amount of (a) bad
          debt write-downs, discounts, cooperative advertising credits, returns,
          promotions, credits, or other dilution with respect to the Eligible
          Credit Enhanced Retail Accounts, by (b) the sum of (i) Borrower's
          Collections (excluding extraordinary items) in respect of the Eligible
          Credit Enhanced Retail Accounts, plus (ii) the Dollar amount of clause
          (a).

               "Dilution Reserve-Credit Enhanced Retail Accounts" means, as of
                ------------------------------------------------
          any date of determination, the number of percentage points by which
          Dilution-Credit Enhanced Retail Accounts is in excess of 5%.

               "EBITDA" means, with respect to any Person for any period, the
                ------
          sum of such Person's net earnings (or loss), excluding extraordinary

                                      -3-
<PAGE>

          gains and extraordinary losses (including losses on the sale of
          Investments or fixed assets), before interest expense, taxes,
          amortization, and depreciation, in each case for such period as
          determined in accordance with GAAP.  With respect to Borrower, EBITDA
          for such period shall include, without limitation, the costs of
          `Global Sourcing' and `Global MIS' for such period.

               "Eligible Credit Enhanced Retail Account" means an Eligible
                ---------------------------------------
          Account of Borrower:  (a) that is supported by an irrevocable letter
          of credit satisfactory to Foothill in its sole discretion (as to form,
          substance, and issuer or confirming bank) that has been delivered to
          Foothill and is directly drawable by Foothill; and (b) with respect to
          which the goods that gave rise to such Eligible Account were purchased
          by the Account Debtor for resale.

               "First Amendment" means that certain Amendment Number One to Loan
                ---------------
          and Security Agreement, dated as of November ___, 1999, between
          Borrower and Foothill.

               "First Amendment Effective Date" means the date on which each of
                ------------------------------
          the conditions precedent contained in Section 3 of the First Amendment
          have been fulfilled.

               "Projections" means, with respect to any Person, such Person's
                -----------
          forecasted consolidated (a) balance sheets, (b) statements of income,
          and (c) cash flow statements, all prepared on a basis consistent with
          its historical financial statements, together with appropriate
          supporting details and a statement of underlying assumptions.

          (c)  Section 2.1(a) of the Agreement hereby is amended and restated in
               --------------
its entirety to read as follows:

               Subject to the terms and conditions of this Agreement, Foothill
          agrees to make advances ("Advances") to Borrower in an amount
          outstanding not to exceed at any one time the lesser of (i) the result
          of (A) the Maximum Amount minus (B) the Letter of Credit Usage, and
                                    -----
          (ii) the result of (A) (1) prior to the First Amendment Effective
          Date, the Borrowing Base, (2) from and after the First Amendment
          Effective Date through January 14, 2000, the Borrowing Base-Temporary,
          and (3) from and after January 15, 2000, the Borrowing Base, minus (B)
                                                                       -----
          the sum of (1) the Letter of Credit Usage, plus (2) the aggregate
                                                     ----
          amount of the Inventory Reserves, plus (3) the aggregate amount of the
                                            ----
          Landlord Lien Reserves.  For purposes of this Agreement, "Borrowing
          Base", as of any date of determination, shall mean the result of:

               (x)  the lesser of

                    (i)  the sum of

                                      -4-
<PAGE>

                         (A)  (1) 75% minus the Dilution Reserve in respect of
                              Accounts, times (2) the aggregate amount of
                              Eligible Accounts other than Eligible Credit
                              Enhanced Retail Accounts, plus
                                                        ----

                         (B)  the lesser of (1) 75% of the Net Eligible Credit
                              Card Proceeds and (2) $3,000,000; plus
                                                                ----

                         (C)  (1) 85% minus the Dilution Reserve-Eligible Credit
                              Enhanced Retail Accounts, times (2) the aggregate
                              amount of Eligible Credit Enhanced Retail
                              Accounts;

                    and

                    (ii) an amount equal to Borrower's Collections with respect
                         to Accounts for the immediately preceding 60 day
                         period,

               plus

               (y)  the lowest of

                    (i)   $6,000,000,

                    (ii)  the sum of (A) 40% of the value of Eligible Landed
                          Inventory, plus (B) the lesser of $5,000,000, and 40%
                                     ----
                          of the value of Eligible In Transit Inventory,

                    (iii) 85% of the net realizable value of Eligible Inventory
                          (which shall constitute its orderly liquidation value
                          less estimated expenses of liquidation thereof in each
                          case as reasonably determined by Foothill),

                    and

                    (iv)  50% of the amount of credit availability created by

                          clause (x) above,
                          ----------

               minus

               (z)  the aggregate amount of reserves, if any, established by
          Foothill under Section 2.1(b).
                         --------------

                                      -5-
<PAGE>

          (d)  Section 2.11(e) of the Agreement hereby is amended by deleting
               ---------------
"$1,500" from such section and inserting "$5,000" in lieu thereof.

          (e)  The first sentence of Section 3.4 hereby is amended and restated
                                     -----------
in its entirety to read as follows:

               This Agreement shall become effective upon the execution and
          delivery hereof by Borrower and Foothill and shall continue in full
          force and effect for a term ending on the Renewal Date and
          automatically shall be renewed for successive 1 year periods
          thereafter (each such successive 1 year period, a "Renewal Period"),
          unless sooner terminated pursuant to the terms hereof.

          (f)  Section 6.2(b) of the Agreement hereby is amended by deleting the
               --------------
"and" immediately prior to clause (vi) of such section and inserting the
                           -----------
following immediately prior to the final ";" in such section:

               , (vii) a report, in form satisfactory to Foothill, summarizing
          the gross Dollar amount of orders received by Borrower, sorted by
          item, (with shipping and handling charges showing separately from the
          aggregate Dollar amount of such orders attributable to the sale price
          of each such item) for such week, and (viii) a report, in form
          satisfactory to Foothill, summarizing Borrower's Advertising
          Expenditures for such week

          (g)  Section 6.2(c) of the Agreement hereby is amended by deleting the
               --------------
"and" immediately prior to clause (ii) of such section and inserting the
                           -----------
following immediately prior to the final ";" in such section:

               , and (iii) a schedule (including such detail as Foothill shall
          request) of (A) all payments or other transfers of Borrower's assets
          made by, or on behalf of, Borrower to, or for the benefit of, Holdings
          or any of Holdings' Subsidiaries, and (B) all payments or other
          transfers of assets of Holdings or any of its Subsidiaries made by, or
          on behalf of, Holdings or any of its Subsidiaries to, or for the
          benefit of, Borrower

          (h)  Section 6.3 of the Agreement hereby is amended by deleting the
               -----------
"and" immediately before clause (c) in the first sentence of such section, and
                         ----------
inserting the following immediately before the final "." in such sentence:

               ; and (d) as soon as available, but in any event prior to the
          first day of each of Borrower's fiscal years, Borrower's Projections
          on a consolidated basis for such fiscal year and for each month in
          such fiscal year

                                      -6-
<PAGE>

          (i)  Section 7.20 of the Agreement hereby is amended by adding the
               ------------
following as a new subsection (b) to such section:
                   --------------

               (b) EBITDA.  EBITDA of Borrower and its Subsidiaries on a
          consolidated basis for each period set forth below of at least the
          minimum EBITDA amount corresponding thereto:

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
Period                                                     Minimum EBITDA
--------------------------------------------------------------------------------
<S>                                            <C>
fiscal quarter ending December 31, 1999                         ($875,000)
--------------------------------------------------------------------------------
fiscal quarter ending March 31, 2000                            ($100,000)
--------------------------------------------------------------------------------
each period of 4 consecutive fiscal quarters         To be established in
thereafter                                           accordance with the
                                               procedures set forth below
--------------------------------------------------------------------------------
</TABLE>

          Upon the receipt by Foothill of Borrower's projection for each fiscal
          year of Borrower pursuant to Section 6.3, Foothill and Borrower shall
                                       -----------
          negotiate in good faith to establish minimum EBITDA amounts for each
          period of 4 consecutive fiscal quarters ending during such fiscal
          year.

          (j)  The following is added as a new Section 7.25 to the Agreement:
                                     ------------

               7.25  Advertising Expenditures.  Make Advertising Expenditures
          during any period of three consecutive weeks ending as of any date of
          determination in excess of the amount set forth below corresponding to
          the Advertising/Sales Ratio set forth below for such period:

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
Advertising/Sales Ratio                                  Maximum Advertising
                                                            Expenditures
--------------------------------------------------------------------------------
<S>                                                      <C>
Greater than or equal to 55%                                      $  500,000
--------------------------------------------------------------------------------
Greater than or equal to 50% and less than 55%                    $  850,000
--------------------------------------------------------------------------------
Greater than or equal to 45% and less than 50%                    $1,500,000
--------------------------------------------------------------------------------
Less than 44%                                                     $2,000,000
--------------------------------------------------------------------------------
</TABLE>

                                      -7-
<PAGE>

               (k)  The following is added as a new Section 8.15 to the
                                                    ------------
Agreement:

                    8.15   If Borrower shall have received less than $2,430,000
               in cash from, or on behalf of, its Affiliates (including, without
               limitation, Cendant and Buyitnow.com) (whether as payment on
               Accounts or repayment of any other obligation owing to Borrower)
               during the period from the First Amendment Effective Date through
               January 14, 2000.

               (l)  Schedule E-1 of the Agreement hereby is amended and restated
                    ------------
in its entirety to read as set forth on Schedule E-1 of this Amendment.
                                        ------------

               (m)  Schedule 6.12 of the Agreement hereby is amended and
                    -------------
restated in its entirety to read as set forth on Schedule 6.12 of this
                                                 -------------
Amendment.

          3.   Representations and Warranties.  Borrower hereby represents and
               ------------------------------
warrants to Foothill that (a) the execution, delivery, and performance of this
Amendment and of the Agreement, as amended by this Amendment, are within its
corporate powers, have been duly authorized by all necessary corporate action,
and are not in contravention of any law, rule, or regulation, or any order,
judgment, decree, writ, injunction, or award of any arbitrator, court, or
governmental authority, or of the terms of its charter or bylaws, or of any
contract or undertaking to which it is a party or by which any of its properties
may be bound or affected, and (b) this Amendment and the Agreement, as amended
by this Amendment, constitute Borrower's legal, valid, and binding obligation,
enforceable against Borrower in accordance with its terms.

          4.   Conditions Precedent to Amendment.  The satisfaction of each of
               ---------------------------------
the following, on or before November 19, 1999, shall constitute conditions
precedent to the effectiveness of this Amendment:

               (a)  The representations and warranties in this Amendment, the
Agreement as amended by this Amendment, and the other Loan Documents shall be
true and correct in all respects on and as of the date hereof, as though made on
such date (except to the extent that such representations and warranties relate
solely to an earlier date);

               (b)  Foothill shall have received a Reaffirmation and Consent, in
the form of Exhibit A attached hereto and incorporated herein by this reference,
            ---------
duly executed by Holdings;

               (c)  No Event of Default or event which with the giving of notice
or passage of time would constitute an Event of Default shall have occurred and
be continuing on the date hereof, nor shall result from the consummation of the
transactions contemplated herein;

                                      -8-
<PAGE>

               (d)  No injunction, writ, restraining order, or other order of
any nature prohibiting, directly or indirectly, the consummation of the
transactions contemplated herein shall have been issued and remain in force by
any governmental authority against Borrower or Foothill;

               (e)  All other documents and legal matters in connection with the
transactions contemplated by this Amendment shall have been delivered or
executed or recorded and shall be in form and substance satisfactory to Agent
and its counsel; and

               (f)  Foothill shall have received an amendment fee of $100,000,
which fee shall be fully earned and non-refundable when paid, and shall be
charged directly to Borrower's Loan Account immediately upon execution of this
Amendment.

          5.   Conditions Subsequent to Amendment.  As conditions subsequent to
               ----------------------------------
the effectiveness of this Amendment, Borrower shall perform or cause to be
performed the following (the failure by Borrower to so perform or cause to be
performed constituting an Event of Default):

               (a)  On or before December 1, 1999, deliver to Foothill
Collateral Access Agreements duly executed by the parties thereto for each
location where Borrower keeps inventory and each of Borrower's freight
forwarders, including, without limitation, the following inventory locations and
freight forwarders:

                    (i)    Mendig Corporation - Detroit, Michigan (freight
               forwarder);

                    (ii)   Parcel Corp. of America - San Fernando Valley,
               California (freight forwarder);

                    (iii)  Harte-Hanks Logistics (freight forwarder); and

                    (iv)   Owen Distribution Corp. - Georgia;

               (b)  On or before December 1, 1999, Deliver to Foothill Third
Party Service Agreements, in form and substance satisfactory to Foothill, duly
executed by the parties thereto from each Person with whom Borrower contracts
for fulfillment services or freight forwarding;

               (c)  On or before December 1, 1999, deliver to Foothill such
financing statements as Foothill shall request, in form and substance
satisfactory to Foothill in its reasonable discretion, executed by Borrower;

               (d)  On or before December 1, 1999, delivery to Foothill (i)
evidence, satisfactory to Foothill in its reasonable discretion, that Borrower
has insurance policies as required pursuant to Section 6.10 of the Agreement for
                                               ------------
each location where Borrower stores Collateral, and (ii) with respect to each
such insurance policy, to the extent not delivered to Foothill prior to the date
hereof, a certificate of insurance, together with the endorsements thereto, as
are required by Section 6.10 of the Agreement, the form and substance of which
                ------------
shall be satisfactory to Foothill and its counsel; and

                                      -9-
<PAGE>

           6.  Miscellaneous.
               -------------

               (a)  Upon the effectiveness of this Amendment, each reference in
the Agreement to "this Agreement", "hereunder", "herein", "hereof" or words of
like import referring to the Agreement shall mean and refer to the Agreement as
amended by this Amendment.

               (b)  Upon the effectiveness of this Amendment, each reference in
the Loan Documents to the "Loan Agreement", "thereunder", "therein", "thereof"
or words of like import referring to the Agreement shall mean and refer to the
Agreement as amended by this Amendment.

               (c)  This Amendment shall be governed by and construed in
accordance with the laws of the State of California.

               (d)  This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, each of which, when executed
and delivered, shall be deemed to be an original, and all of which, when taken
together, shall constitute but one and the same Amendment. Delivery of an
executed counterpart of this Amendment by telefacsimile shall be equally as
effective as delivery of a manually executed counterpart of this Amendment. Any
party delivering an executed counterpart of this Amendment by telefacsimile also
shall deliver a manually executed counterpart of this Amendment but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, and binding effect of this Amendment.

                 [Remainder of page left intentionally blank]

                                      -10-
<PAGE>

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed as of the date first written above.

                                                 QUANTUM NORTH AMERICA, INC.,
                                                 a Delaware corporation

                                                 By:
                                                     -------------------------
                                                 Name:
                                                       -----------------------
                                                 Title:
                                                        ----------------------

                                                 FOOTHILL CAPITAL CORPORATION,
                                                 a California corporation

                                                 By:
                                                     -------------------------
                                                 Name:
                                                       -----------------------
                                                 Title:
                                                        ----------------------

                                      S-1
<PAGE>

                                   Exhibit A

                      GUARANTOR REAFFIRMATION AND CONSENT
                      -----------------------------------

                         Dated as of November __, 1999

          The undersigned, as guarantor under the Holdings Guaranty (as such
term is defined in that certain Loan and Security Agreement, dated as of
December 1, 1998 (as amended by that certain Amendment Number One to Loan and
Security Agreement, dated as of the date hereof (the "First Amendment")) between
Quantum North America, Inc., a Delaware corporation, and Foothill Capital
Corporation, a California corporation) hereby consents and agrees to the First
Amendment and hereby confirms and agrees that the Holdings Guaranty is, and
shall continue to be, in full force and effect and is hereby ratified and
confirmed in all respects.

                              e4L, Inc.,
                              a Delaware corporation formerly known as
                              National Media Corporation

                              By:
                                  ------------------------------------
                              Name:
                                    ----------------------------------
                              Title:
                                     ---------------------------------

                                      S-2
<PAGE>

                                  Exhibit E-1
                                  -----------

                         Eligible Inventory Locations.
                         -----------------------------

<PAGE>

                                  Exhibit 6.12
                                  ------------

                     Locations of Inventory and Equipment.
                     -------------------------------------

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