Document:

THEGLOBE.COM, INC.

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                            2004 STOCK INCENTIVE PLAN

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                                   ARTICLE I

                                     PURPOSE

      The purpose of this theglobe.com, Inc. 2004 Stock Incentive Plan is to
enhance the profitability and value of the Company for the benefit of its
stockholders by enabling the Company to offer Eligible Employees, Consultants
and Non-Employee Directors stock-based and other incentives, thereby creating a
means to raise the level of equity ownership by such individuals in order to
attract, retain and reward such individuals and strengthen the mutuality of
interests between such individuals and the Company's stockholders.

                                   ARTICLE II

                                   DEFINITIONS

      For purposes of this Plan, the following terms shall have the following
meanings:

      2.1 "Acquisition Event" has the meaning set forth in Section 4.2(d).

      2.2 "Affiliate" means each of the following: (a) any Subsidiary; (b) any
corporation, trade or business (including, without limitation, a partnership or
limited liability company) which is directly or indirectly controlled 50% or
more (whether by ownership of stock, assets or an equivalent ownership interest
or voting interest) by the Company or one of its Affiliates; and (c) any other
entity in which the Company or any of its Affiliates has a material equity
interest and which is designated as an "Affiliate" by resolution of the
Committee.

      2.3 "Award" means any award under this Plan of any Stock Option, Stock
Appreciation Right, Restricted Stock Award, Performance Award or Other
Stock-Based Award.

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

      2.5 "Cause" means with respect to a Participant's Termination of
Employment or Termination of Consultancy, the following: (a) in the case where
there is an employment agreement, consulting agreement, change in control
agreement or similar agreement in effect between the Company or an Affiliate and
the Participant at the time of the grant of the Award that defines "cause" (or
words or a concept of like import), "cause" as defined under such agreement;
provided, however, that with regard to any agreement under which the definition
of "cause" only applies on occurrence of a change in control, such definition of
"cause" shall not apply until a change in control actually takes place and then
only with regard to a termination thereafter; or (b) in the case where there is
no employment agreement, consulting agreement, change in control agreement or
similar agreement in effect between the Company or an Affiliate and the
Participant at the time of the grant of the Award (or where there is such an
agreement but it does not define "cause" (or words or a concept of like
import)), termination due to a Participant's insubordination, dishonesty, fraud,
incompetence, moral turpitude, willful misconduct, refusal to perform his or her
duties or responsibilities for any reason other than illness or incapacity or
materially unsatisfactory performance of his or her duties for the Company or an
Affiliate, as determined by the Committee in its sole discretion. With respect
to a Participant's Termination of Directorship, "cause" means an act or failure
to act that constitutes cause for removal of a director under applicable
Delaware law.

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      2.6 "Change in Control" has the meaning set forth in Article XI.

      2.7 "Change in Control Price" has the meaning set forth in Section 11.1.

      2.8 "Code" means the Internal Revenue Code of 1986, as amended. Any
reference to any section of the Code shall also be a reference to any successor
provision and any Treasury Regulation promulgated thereunder.

      2.9 "Committee" means: (a) with respect to the application of this Plan to
Eligible Employees and Consultants, the Compensation Committee of the Board
appointed from time to time by the Board (or another committee of the Board
appointed for the purposes of administering this Plan), which Committee shall
consist of two or more non-employee directors, each of whom is intended to be,
to the extent required by Rule 16b-3 promulgated under Section 16(b) of the
Exchange Act, a "non-employee director" as defined in Rule 16b-3, and, to the
extent no such Committee exists, the Board, and (b) with respect to the
application of this Plan to Non-Employee Directors, the Board. If for any reason
the appointed Committee does not meet the requirements of Rule 16b-3, such
noncompliance shall not affect the validity of Awards, grants, interpretations
or other actions of the Committee.

      2.10 "Common Stock" means the Common Stock, $0.001 par value per share, of
the Company.

      2.11 "Company" means theglobe.com, inc., a Delaware corporation, and its
successors by operation of law.

      2.12 "Consultant" means any natural person who is an advisor or consultant
to, or subject to Section 5.2, a prospective advisor or consultant to, the
Company or its Affiliates.

      2.13 "Disability" means with respect to a Participant's Termination, a
permanent and total disability as defined in Section 22(e)(3) of the Code. A
Disability shall only be deemed to occur at the time of the determination by the
Committee of the Disability.

      2.14 "Effective Date" means the effective date of this Plan as defined in
Article XV.

      2.15 "Eligible Employee" means each employee of, or subject to Section
5.2, each prospective employee of, the Company or an Affiliate.

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      2.16 "Exchange Act" means the Securities Exchange Act of 1934, as amended.
Any references to any section of the Exchange Act shall also be a reference to
any successor provision.

      2.17 "Fair Market Value" means, for purposes of this Plan, unless
otherwise required by any applicable provision of the Code or any regulations
issued thereunder: (a) if the principal trading market for the Common Stock is a
national or regional securities exchange, the average closing price on such
exchange for the 10 trading days immediately prior to the exercise date; or (b)
if sales prices for shares of Common Stock are reported by the NASDAQ National
Market System (or a similar system then in use), the average last reported sales
price so reported for the 10 trading days immediately prior to the exercise
date; or (c) if neither (a) nor (b) above are applicable, and if bid and ask
prices for shares of Common Stock are reported in the OTC Bulletin Board by
NASDAQ (or, if not so reported, by the National Quotation Bureau or any
successor service), the average of the high bid and low ask prices so reported
for the 20 trading days immediately prior to the exercise date. Notwithstanding
the foregoing, if there is no reported closing price, last reported sales price,
or bid and ask prices, as the case may be, for the period in question, then the
current market price shall be determined in good faith by, and reflected in a
formal resolution of, the Board.

      2.18 "Family Member" means "family member" as defined in Section A.1.(5)
of the general instructions of Form S-8.

      2.19 "Non-Employee Director" means a director of the Company who is not an
active employee of the Company or an Affiliate.

      2.20 "Other Stock-Based Award" means an Award under Article X of this Plan
that is valued in whole or in part by reference to, or is payable in or
otherwise based on, Common Stock, including, without limitation, an Award valued
by reference to an Affiliate.

      2.21 "Participant" means an Eligible Employee, Non-Employee Director or
Consultant to whom an Award has been granted pursuant to this Plan.

      2.22 "Performance Award" means an Award made pursuant to Article IX of
this Plan of the right to receive Common Stock or cash at the end of a specified
Performance Period.

      2.23 "Performance Period" has the meaning set forth in Section 9.1.

      2.24 "Person" means any individual, corporation, partnership, limited
liability company, firm, joint venture, association, joint-stock company, trust,
incorporated organization, governmental or regulatory or other entity.

      2.25 "Plan" means this theglobe.com, inc. 2004 Stock Incentive Plan, as
amended from time to time.

      2.26 "Reference Stock Option" has the meaning set forth in Section 7.1.

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      2.27 "Restricted Stock Award" means an Award of shares of Common Stock, or
the right to receive shares of Common Stock in the future, under this Plan that
is subject to restrictions under Article VIII.

      2.28 "Restriction Period" has the meaning set forth in Subsection 8.3(a)
with respect to Restricted Stock Awards.

      2.29 "Retirement" means a Termination of Employment or Termination of
Consultancy without Cause at or after age 65 or such earlier date as may be
determined by the Committee at the time of grant. With respect to a
Participant's Termination of Directorship, Retirement means the failure to stand
for reelection or the failure to be reelected on or after a Participant has
attained age 65.

      2.30 "Rule 16b-3" means Rule 16b-3 under Section 16(b) of the Exchange Act
as then in effect or any successor provision.

      2.31 "Securities Act" means the Securities Act of 1933, as amended and all
rules and regulations promulgated thereunder. Any reference to any section of
the Securities Act shall also be a reference to any successor provision.

      2.32 "Stock Appreciation Right" shall mean the right pursuant to an Award
granted under Article VII. A Tandem Stock Appreciation Right shall mean the
right to surrender to the Company all (or a portion) of a Stock Option in
exchange for an amount in cash and/or stock equal to the difference between (i)
the Fair Market Value on the date such Stock Option (or such portion thereof) is
surrendered, of the Common Stock covered by such Stock Option (or such portion
thereof), and (ii) the aggregate exercise price of such Stock Option (or such
portion thereof). A Non-Tandem Stock Appreciation Right shall mean the right to
receive an amount in cash and/or stock equal to the difference between (x) the
Fair Market Value of a share of Common Stock on the date such right is
exercised, and (y) the aggregate exercise price of such right, otherwise than on
surrender of a Stock Option.

      2.33 "Stock Option" or "Option" means any option to purchase shares of
Common Stock granted to Eligible Employees, Non-Employee Directors or
Consultants granted pursuant to Article VI.

      2.34 "Subsidiary" means any subsidiary corporation of the Company within
the meaning of Section 424(f) of the Code.

      2.35 "Substitute Awards" mean Awards granted or shares of Common Stock
issued by the Company in assumption of, or in substitution or exchange for,
awards previously granted, or the right or obligation to make future awards, by
a company acquired by the Company or an Affiliate or with which the Company or
an Affiliate combines.

      2.36 "Termination" means a Termination of Consultancy, Termination of
Directorship or Termination of Employment, as applicable.

      2.37 "Termination of Consultancy" means: (a) that the Consultant is no
longer acting as a consultant to the Company or an Affiliate; or (b) when an
entity which is retaining a Participant as a Consultant ceases to be an
Affiliate unless the Participant otherwise is, or thereupon becomes, a
Consultant to the Company or another Affiliate at the time the entity ceases to
be an Affiliate. In the event that a Consultant becomes an Eligible Employee or
a Non-Employee Director upon the termination of his or her consultancy, unless
otherwise determined by the Committee, in its sole discretion, no Termination of
Consultancy shall be deemed to occur until such time as such Consultant is no
longer a Consultant, an Eligible Employee or a Non-Employee Director.
Notwithstanding the foregoing, the Committee may otherwise define Termination of
Consultancy in the Award agreement or, if no rights of a Participant are
reduced, may otherwise define Termination of Consultancy thereafter.

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      2.38 "Termination of Directorship" means that the Non-Employee Director
has ceased to be a director of the Company; except that if a Non-Employee
Director becomes an Eligible Employee or a Consultant upon the termination of
his or her directorship, his or her ceasing to be a director of the Company
shall not be treated as a Termination of Directorship unless and until the
Participant has a Termination of Employment or Termination of Consultancy, as
the case may be.

      2.39 "Termination of Employment" means: (a) a termination of employment
(for reasons other than a military or personal leave of absence granted by the
Company) of a Participant from the Company and its Affiliates; or (b) when an
entity which is employing a Participant ceases to be an Affiliate, unless the
Participant otherwise is, or thereupon becomes, employed by the Company or
another Affiliate at the time the entity ceases to be an Affiliate. In the event
that an Eligible Employee becomes a Consultant or a Non-Employee Director upon
the termination of his or her employment, unless otherwise determined by the
Committee, in its sole discretion, no Termination of Employment shall be deemed
to occur until such time as such Eligible Employee is no longer an Eligible
Employee, a Consultant or a Non-Employee Director. Notwithstanding the
foregoing, the Committee may otherwise define Termination of Employment in the
Award agreement or, if no rights of a Participant are reduced, may otherwise
define Termination of Employment thereafter.

      2.40 "Transfer" means: (a) when used as a noun, any direct or indirect
transfer, sale, assignment, pledge, hypothecation, encumbrance or other
disposition (including the issuance of equity in a Person), whether for value or
no value and whether voluntary or involuntary (including by operation of law),
and (b) when used as a verb, to directly or indirectly transfer, sell, assign,
pledge, encumber, charge, hypothecate or otherwise dispose of (including the
issuance of equity in a Person) whether for value or for no value and whether
voluntarily or involuntarily (including by operation of law). "Transferred" and
"Transferable" shall have a correlative meaning.

                                  ARTICLE III

                                 ADMINISTRATION

      3.1 The Committee. The Plan shall be administered and interpreted by the
Committee. Notwithstanding anything herein to the contrary, the Board shall have
authority for administration and interpretation of the Plan with respect to
Non-Employee Directors and all references herein to the authority of the
Committee as applied to Non-Employee Directors shall be deemed to refer to the
Board.

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      3.2 Grants of Awards. The Committee shall have full authority to grant,
pursuant to the terms of this Plan, to Eligible Employees, Consultants and
Non-Employee Directors: (i) Stock Options, (ii) Stock Appreciation Rights, (iii)
Restricted Stock Awards, (iv) Performance Awards, and (v) Other Stock-Based
Awards. In particular, the Committee shall have the authority:

      (a)   to select the Eligible Employees, Consultants and Non-Employee
            Directors to whom Awards may from time to time be granted hereunder;

      (b)   to determine whether and to what extent Awards, or any combination
            thereof, are to be granted hereunder to one or more Eligible
            Employees, Consultants or Non-Employee Directors;

      (c)   to determine the number of shares of Common Stock to be covered by
            each Award granted hereunder;

      (d)   to determine the terms and conditions, not inconsistent with the
            terms of this Plan, of any Award granted hereunder (including, but
            not limited to, the exercise or purchase price (if any), any
            restriction or limitation, any vesting schedule or acceleration
            thereof, or any forfeiture restrictions or waiver thereof, regarding
            any Award and the shares of Common Stock relating thereto, based on
            such factors, if any, as the Committee shall determine, in its sole
            discretion);

      (e)   to determine whether, to what extent and under what circumstances
            grants of Options and other Awards under this Plan are to operate on
            a tandem basis and/or in conjunction with or apart from other awards
            made by the Company outside of this Plan;

      (f)   to determine whether and under what circumstances a Stock Option may
            be settled in cash, Common Stock and/or restricted stock under
            Section 6.2(d);

      (g)   to determine whether, to what extent and under what circumstances
            Common Stock and other amounts payable with respect to an Award
            under this Plan shall be deferred either automatically or at the
            election of the Participant;

      (h)   to determine whether to require a Participant, as a condition of the
            granting of any Award, to not sell or otherwise dispose of shares
            acquired pursuant to the exercise of an Award for a period of time
            as determined by the Committee, in its sole discretion, following
            the date of the acquisition of such Award;

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      (i)   to modify, extend or renew an Award, subject to Article XII herein,
            provided, however, that if an Award is modified, extended or renewed
            and thereby deemed to be the issuance of a new Award under the Code
            or the applicable accounting rules, the exercise price of a Stock
            Option may continue to be the original exercise price even if less
            than the Fair Market Value of the Common Stock at the time of such
            modification, extension or renewal;

      (j)   to offer to buy out an Award previously granted, based on such terms
            and conditions as the Committee shall establish and communicate to
            the Participant at the time such offer is made;

      (k)   solely to the extent permitted by applicable law, to determine
            whether, to what extent and under what circumstances to provide
            loans (which may be on a recourse basis and shall bear interest at
            the rate the Committee shall provide) to Participants in order to
            exercise Options under the Plan; and

      (l)   to determine at grant that a Stock Option shall cease to be
            exercisable or an Award shall be forfeited, or that proceeds or
            profits applicable to an Award shall be returned to the Company, in
            the event the Participant engages in detrimental activity with
            respect to the Company or its Affiliates (as such term is defined by
            the Committee in the Award agreement) and, to interpret such
            definition and to approve waivers with regard thereto.

      3.3 Guidelines. Subject to Article XII hereof, the Committee shall have
the authority to adopt, alter and repeal such administrative rules, guidelines
and practices governing this Plan and perform all acts, including the delegation
of its responsibilities (to the extent permitted by applicable law and
applicable stock exchange rules), as it shall, from time to time, deem
advisable; to construe and interpret the terms and provisions of this Plan and
any Award issued under this Plan (and any agreements relating thereto); and to
otherwise supervise the administration of this Plan. The Committee may correct
any defect, supply any omission or reconcile any inconsistency in this Plan or
in any agreement relating thereto in the manner and to the extent it shall deem
necessary to effectuate the purpose and intent of this Plan. Notwithstanding the
foregoing, no action of the Committee under this Section 3.3 shall impair the
rights of any Participant without the Participant's consent. To the extent
applicable, this Plan is intended to comply with the applicable requirements of
Rule 16b-3, and this Plan shall be limited, construed and interpreted in a
manner so as to comply therewith.

      The Committee may adopt special guidelines and provisions for persons who
are residing in or employed in, or subject to, the taxes of, any domestic or
foreign jurisdictions to comply with applicable tax and securities laws of such
domestic or foreign jurisdictions.

      3.4 Decisions Final. Any decision, interpretation or other action made or
taken in good faith by or at the direction of the Company, the Board or the
Committee (or any of its members) arising out of or in connection with this Plan
shall be within the absolute discretion of all and each of them, as the case may
be, and shall be final, binding and conclusive on the Company and all employees
and Participants and their respective heirs, executors, administrators,
successors and assigns.

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      3.5 Procedures. If the Committee is appointed, the Board shall designate
one of the members of the Committee as chairman and the Committee shall hold
meetings, subject to the By-Laws of the Company, at such times and places as it
shall deem advisable, including, without limitation, by telephone conference or
by written consent to the extent permitted by applicable law. A majority of the
Committee members shall constitute a quorum. All determinations of the Committee
shall be made by a majority of its members. Any decision or determination
reduced to writing and signed by all the Committee members in accordance with
the By-Laws of the Company, shall be fully effective as if it had been made by a
vote at a meeting duly called and held. The Committee shall keep minutes of its
meetings and shall make such rules and regulations for the conduct of its
business as it shall deem advisable.

      3.6 Designation of Consultants/Liability.

      (a)   The Committee may designate employees of the Company and
            professional advisors to assist the Committee in the administration
            of this Plan and (to the extent permitted by applicable law and
            applicable exchange rules) may grant authority to officers to grant
            Awards and/or execute agreements or other documents on behalf of the
            Committee.

      (b)   The Committee may employ such legal counsel, consultants and agents
            as it may deem desirable for the administration of this Plan and may
            rely upon any opinion received from any such counsel or consultant
            and any computation received from any such consultant or agent.
            Expenses incurred by the Committee or the Board in the engagement of
            any such counsel, consultant or agent shall be paid by the Company.
            The Committee, its members and any person designated pursuant to
            sub-section (a) above shall not be liable for any action or
            determination made in good faith with respect to this Plan. To the
            maximum extent permitted by applicable law, no officer of the
            Company or member or former member of the Committee or of the Board
            shall be liable for any action or determination made in good faith
            with respect to this Plan or any Award granted under it.

      3.7 Indemnification. To the maximum extent permitted by applicable law and
the Certificate of Incorporation and By-Laws of the Company and to the extent
not covered by insurance directly insuring such person, each officer and member
or former member of the Committee or the Board shall be indemnified and held
harmless by the Company against any cost or expense (including reasonable fees
of counsel reasonably acceptable to the Committee) or liability (including any
sum paid in settlement of a claim with the approval of the Committee), and
advanced amounts necessary to pay the foregoing at the earliest time and to the
fullest extent permitted, arising out of any act or omission to act in
connection with the administration of this Plan, except to the extent arising
out of such officer's, member's or former member's own fraud or bad faith. Such
indemnification shall be in addition to any rights of indemnification the
employees, officers, directors or members or former officers, directors or
members may have under applicable law or under the Certificate of Incorporation
or By-Laws of the Company or any Affiliate or any agreement of indemnification.
Notwithstanding anything else herein, this indemnification will not apply to the
actions or determinations made by an individual with regard to Awards granted to
him or her under this Plan.

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                                   ARTICLE IV

                                SHARE LIMITATION

      4.1 Shares.

      (a)   Aggregate Limitation. The following provisions apply in determining
            the aggregate number of shares of Common Stock available under the
            Plan.

            (i)   The aggregate number of shares of Common Stock that may be
                  issued or used for reference purposes or with respect to which
                  Awards may be granted under this Plan shall not exceed
                  ___________ shares (subject to any increase or decrease
                  pursuant to Section 4.2), which may be either authorized and
                  unissued Common Stock or Common Stock held in or acquired for
                  the treasury of the Company or both. Any shares of Common
                  Stock that are subject to Awards of Options or Stock
                  Appreciation Rights shall be counted against this limit as one
                  share for every share granted. Any shares of Common Stock that
                  are subject to Awards other than Options or Stock Appreciation
                  Rights shall be counted against this limit as 2.5 shares for
                  every share granted.

            (ii)  If any Option or Stock Appreciation Right granted under this
                  Plan or any option under the Prior Plan expires, terminates or
                  is canceled for any reason without having been exercised in
                  full, the number of shares of Common Stock underlying any
                  unexercised Award shall again be available for the purpose of
                  Awards under the Plan. If any Restricted Stock Awards,
                  Performance Awards, or Other Stock-Based Awards denominated in
                  shares of Common Stock awarded under this Plan to a
                  Participant are forfeited for any reason, the number of
                  forfeited shares of Common Stock shall again be available for
                  the purposes of Awards under the Plan. If a Stock Appreciation
                  Right is granted in tandem with an Option, such grant shall
                  only apply once against the maximum number of shares of Common
                  Stock which may be issued under this Plan. Awards settled in
                  cash shall again be available for issuance under this Plan.

            (iii) In determining the number of shares of Common Stock available
                  for Awards, if Common Stock has been delivered or exchanged as
                  full or partial payment to the Company for payment of the
                  exercise price or purchase price of an Award under the Plan or
                  an option under the Prior Plan, or for payment of withholding
                  taxes with respect to Awards under the Plan or options under
                  the Prior Plan, or if the number shares of Common Stock
                  otherwise deliverable has been reduced for payment of the
                  exercise price or purchase price or for payment of withholding
                  taxes, the number of shares of Common Stock exchanged as
                  payment in connection with the exercise or for withholding or
                  reduced shall again be available for purpose of Awards under
                  this Plan. In addition, shares of Common Stock reacquired by
                  the Company on the open market or otherwise using cash
                  proceeds received by the Company from the exercise of Stock
                  Options granted under the Plan or options granted under the
                  Prior Plan shall again be available for purposes of Awards
                  under this Plan, provided that the number of shares of Common
                  Stock available pursuant to repurchase shall not exceed (i)
                  the amount of proceeds, divided by (ii) the Fair Market Value
                  on the date of exercise which generated such proceeds.

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            (iv)  Any shares of Common Stock that again become available for
                  grant pursuant to this Section 4.1(a) shall be added back as
                  one share if such share were subject to an Option or Stock
                  Appreciation Right granted under the Plan or an option granted
                  under the Prior Plan, and as 2.5 shares if such shares were
                  subject to an Award other than an Option or a Stock
                  Appreciation Right granted under the Plan.

      (b)   Substitute Awards. Substitute Awards shall not reduce the shares of
            Common Stock authorized for grant under the Plan pursuant to Section
            4.1(a). Additionally, in the event that a company acquired by the
            Company or an Affiliate, or with which the Company or an Affiliate
            combines, has shares available under a pre-existing plan approved by
            stockholders and not adopted in contemplation of such acquisition or
            combination, the shares available for grant pursuant to the terms of
            such pre-existing plan (as adjusted, to the extent appropriate,
            using the exchange ratio or other adjustment or valuation ratio or
            formula used in such acquisition or combination to determine the
            consideration payable to the holders of common stock of the entities
            party to such acquisition or combination) may be used for Awards
            under the Plan and shall not reduce the shares of Common Stock
            authorized for grant under the Plan; provided that Awards using such
            available shares shall not be made after the date awards or grants
            could have been made under the terms of the pre-existing plan,
            absent the acquisition or combination, and shall only be made to
            individuals who were not Eligible Employees, Consultants or
            Non-Employee Directors prior to such acquisition or combination.

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      4.2 Changes.

      (a)   The existence of this Plan and the Awards granted hereunder shall
            not affect in any way the right or power of the Board or the
            stockholders of the Company to make or authorize (i) any adjustment,
            recapitalization, reorganization or other change in the Company's
            capital structure or its business, (ii) any merger or consolidation
            of the Company or any Affiliate, (iii) any issuance of bonds,
            debentures, preferred or prior preference stock ahead of or
            affecting the Common Stock, (iv) the dissolution or liquidation of
            the Company or any Affiliate, (v) any sale or transfer of all or
            part of the assets or business of the Company or any Affiliate or
            (vi) any other corporate act or proceeding.

      (b)   Subject to the provisions of Section 4.2(d), in the event of any
            such change in the capital structure or business of the Company by
            reason of any stock split, reverse stock split, stock dividend,
            combination or reclassification of shares, recapitalization, merger,
            consolidation, spin-off, reorganization, partial or complete
            liquidation, issuance of rights or warrants to purchase any Common
            Stock or securities convertible into Common Stock, any sale or
            transfer of all or part of the Company's assets or business, any
            special cash dividend or any other corporate transaction or event
            having an effect similar to any of the foregoing and effected
            without receipt of consideration by the Company and the Committee
            determines in good faith that an adjustment is necessary or
            appropriate under the Plan to prevent substantial dilution or
            enlargement of the rights granted to, or available for, Participants
            under the Plan, then the aggregate number and kind of shares that
            thereafter may be issued under this Plan, the number and kind of
            shares or other property (including cash) to be issued upon exercise
            of an outstanding Award or under other Awards granted under this
            Plan and the purchase price thereof shall be appropriately adjusted
            consistent with such change in such manner as the Committee may deem
            equitable to prevent substantial dilution or enlargement of the
            rights granted to, or available for, Participants under this Plan,
            and any such adjustment determined by the Committee in good faith
            shall be final, binding and conclusive on the Company and all
            Participants and employees and their respective heirs, executors,
            administrators, successors and assigns. In connection with any event
            described in this paragraph, the Committee may provide, in its sole
            discretion, for the cancellation of any outstanding Awards and
            payment in cash or other property in exchange therefor. Except as
            provided in this Section 4.2 or in the applicable Award agreement, a
            Participant shall have no rights by reason of any issuance by the
            Company of any class or securities convertible into stock of any
            class, any subdivision or consolidation of shares of stock of any
            class, the payment of any stock dividend, any other increase or
            decrease in the number of shares of stock of any class, any sale or
            transfer of all or part of the Company's assets or business or any
            other change affecting the Company's capital structure or business.

                                       11
<PAGE>

      (c)   Unless otherwise determined by the Committee, fractional shares of
            Common Stock resulting from any adjustment in Awards pursuant to
            Section 4.2(a) or (b) shall be aggregated until, and eliminated at,
            the time of exercise by rounding-down and any remaining fractional
            shares of Common Stock shall be settled in cash. Notice of any
            adjustment shall be given by the Committee to each Participant whose
            Award has been adjusted and such adjustment (whether or not such
            notice is given) shall be effective and binding for all purposes of
            this Plan.

      (d)   In the event of a merger or consolidation in which the Company is
            not the surviving entity or in the event of any transaction that
            results in the acquisition of substantially all of the Company's
            outstanding Common Stock by a single person or entity or by a group
            of persons and/or entities acting in concert, or in the event of the
            sale or transfer of all or substantially all of the Company's assets
            (all of the foregoing being referred to as an "Acquisition Event"),
            then the Committee may, in its sole discretion, terminate all
            outstanding and unexercised Awards effective as of the date of the
            Acquisition Event, by delivering notice of termination to each
            Participant at least 20 days prior to the date of consummation of
            the Acquisition Event, in which case during the period from the date
            on which such notice of termination is delivered to the consummation
            of the Acquisition Event, each such Participant shall have the right
            to exercise in full all of his or her Awards that are then
            outstanding (without regard to any limitations on exercisability
            otherwise contained in the Award agreements), but any such exercise
            shall be contingent on the occurrence of the Acquisition Event, and,
            provided that, if the Acquisition Event does not take place within a
            specified period after giving such notice for any reason whatsoever,
            the notice and exercise pursuant thereto shall be null and void.

            If an Acquisition Event occurs but the Committee does not terminate
            the outstanding Awards pursuant to this Section 4.2(d), then the
            provisions of Section 4.2(b) and Article XI shall apply.

      4.3 Minimum Purchase Price. Notwithstanding any provision of this Plan to
the contrary, if authorized but previously unissued shares of Common Stock are
issued under this Plan, such shares shall not be issued for a consideration that
is less than as permitted under applicable law.

                                       12
<PAGE>

                                   ARTICLE V

                                   ELIGIBILITY

      5.1 General Eligibility. All Eligible Employees, Consultants and
Non-Employee Directors are eligible to be granted Awards. Eligibility for the
grant of Awards and actual participation in this Plan shall be determined by the
Committee in its sole discretion.

      5.2 General Requirement. The vesting and exercise of Awards granted to a
prospective employee or consultant shall be conditioned upon such individual
actually becoming an employee of or consultant to the Company or an Affiliate
within a reasonable time thereafter, as determined by the Committee.

                                   ARTICLE VI

                                  STOCK OPTIONS

      6.1 Options. Stock Options may be granted alone or in addition to other
Awards granted under this Plan. The Committee shall have the authority to grant
any Eligible Employee, Consultant or Non-Employee Director one or more Stock
Options. Each Stock Option granted under this Plan shall be a non-qualified
Stock Option, not intended to be an incentive stock option within the meaning of
Section 422 of the Code.

      6.2 Terms of Options. Options granted under this Plan shall be subject to
the following terms and conditions and shall be in such form and contain such
additional terms and conditions, not inconsistent with the terms of this Plan,
as the Committee shall deem desirable:

      (a)   Exercise Price. The exercise price per share of Common Stock subject
            to a Stock Option shall be determined by the Committee at the time
            of grant.

      (b)   Stock Option Term. The term of each Stock Option shall be fixed by
            the Committee, provided that no Stock Option shall be exercisable
            more than 10 years after the date the Option is granted.

      (c)   Exercisability. Unless the Committee determines otherwise at grant
            or as otherwise provided herein, Stock Options shall be exercisable
            no earlier than one year after grant (except with respect to Stock
            Options granted to Non-Employee Directors) and shall be exercisable
            at such time or times and subject to such terms and conditions as
            shall be determined by the Committee at grant. Notwithstanding the
            foregoing, if the Committee provides, in its discretion, that any
            Stock Option is exercisable subject to certain limitations
            (including, without limitation, that such Stock Option is
            exercisable only in installments or within certain time periods),
            the Committee may waive such limitations on the exercisability at
            any time at or after grant in whole or in part (including, without
            limitation, waiver of the installment exercise provisions or
            acceleration of the time at which such Stock Option may be
            exercised), based on such factors, if any, as the Committee shall
            determine, in its sole discretion.

                                       13
<PAGE>

      (d)   Method of Exercise. Subject to whatever installment exercise and
            waiting period provisions apply under subsection (c) above, to the
            extent vested, Stock Options may be exercised in whole or in part at
            any time during the Option term, by giving written notice of
            exercise to the Company specifying the number of shares of Common
            Stock to be purchased. Such notice shall be accompanied by payment
            in full of the purchase price (or arrangements satisfactory to the
            Committee made for such payment) as follows: (i) in cash or by
            check, bank draft or money order payable to the order of the
            Company; (ii) solely to the extent permitted by applicable law, if
            the Common Stock is traded on a national or regional securities
            exchange or reported by the NASDAQ National Market System (or
            similar system then in use) or in the OTC Bulletin Board by NASDAQ
            (or the National Quotation Bureau or any successor service), and the
            Committee authorizes, through a procedure whereby the Participant
            delivers irrevocable instructions to a broker reasonably acceptable
            to the Committee to deliver promptly to the Company an amount equal
            to the purchase price (a "Cashless Exercise"); or (iii) on such
            other terms and conditions as may be acceptable to the Committee
            (including, without limitation, the relinquishment of Stock Options
            or by payment in full or in part in the form of Common Stock
            (including by attestation) owned by the Participant for such period,
            or acquired in such manner, as to avoid an incremental charge, for
            accounting purposes, against the Company's earnings as reported in
            the Company's financial statements (and for which the Participant
            has good title free and clear of any liens and encumbrances) based
            on the Fair Market Value of the Common Stock on the payment date as
            determined by the Committee). No shares of Common Stock shall be
            issued until payment therefor, as provided herein, has been made or
            provided for.

      (e)   Termination by Death, Disability or Retirement. Unless otherwise
            determined by the Committee at grant, or if no rights of the
            Participant are reduced, thereafter, if Participant's Termination is
            by reason of death, Disability or Retirement, all Stock Options that
            are held by such Participant that are vested and exercisable at the
            time of the Participant's Termination may be exercised by the
            Participant (or, in the case of death, by the legal representative
            of the Participant's estate) at any time within a period of one year
            from the date of such Termination, but in no event beyond the
            expiration of the stated term of such Stock Options; provided,
            however, that in the case of Retirement, if the Participant dies
            within such exercise period, all unexercised Stock Options held by
            such Participant shall thereafter be exercisable, to the extent to
            which they were exercisable at the time of death, for a period of
            one year from the date of such death, but in no event beyond the
            expiration of the stated term of such Stock Options.

      (f)   Involuntary Termination Without Cause. Unless otherwise determined
            by the Committee at grant, or if no rights of the Participant are
            reduced, thereafter, if a Participant's Termination is by
            involuntary termination without Cause, all Stock Options that are
            held by such Participant that are vested and exercisable at the time
            of the Participant's Termination may be exercised by the Participant
            at any time within a period of 90 days from the date of such
            Termination, but in no event beyond the expiration of the stated
            term of such Stock Options.

                                       14
<PAGE>

      (g)   Voluntary Termination. Unless otherwise determined by the Committee
            at grant, or if no rights of the Participant are reduced,
            thereafter, if a Participant's Termination is voluntary (other than
            a voluntary termination described in subsection (h)(y) below or
            covered by (f) above), all Stock Options that are held by such
            Participant that are vested and exercisable at the time of the
            Participant's Termination may be exercised by the Participant at any
            time within a period of 30 days from the date of such Termination,
            but in no event beyond the expiration of the stated term of such
            Stock Options.

      (h)   Termination for Cause. Unless otherwise determined by the Committee
            at grant, or if no rights of the Participant are reduced,
            thereafter, if a Participant's Termination (x) is for Cause or (y)
            is a voluntary Termination after the occurrence of an event that
            would be grounds for a Termination for Cause, all Stock Options,
            whether vested or not vested, that are held by such Participant
            shall thereupon terminate and expire as of the date of such
            Termination.

      (i)   Unvested Stock Options. Unless otherwise determined by the Committee
            at grant, or if no rights of the Participant are reduced,
            thereafter, Stock Options that are not vested as of the date of a
            Participant's Termination for any reason shall terminate and expire
            as of the date of such Termination.

      (j)   Form, Modification, Extension and Renewal of Stock Options. Subject
            to the terms and conditions and within the limitations of this Plan,
            Stock Options shall be evidenced by such form of agreement or grant
            as is approved by the Committee, and the Committee may (i) modify,
            extend or renew outstanding Stock Options granted under this Plan
            (provided that the rights of a Participant are not reduced without
            his or her consent), and (ii) accept the surrender of outstanding
            Stock Options (up to the extent not theretofore exercised) and
            authorize the granting of new Stock Options in substitution therefor
            (to the extent not theretofore exercised). Notwithstanding the
            foregoing, an outstanding Option may not be modified to reduce the
            exercise price thereof nor may a new Option at a lower price be
            substituted for a surrendered Option (other than adjustments or
            substitutions in accordance with Section 4.2), unless such action is
            approved by the stockholders of the Company.

      (k)   Buyout and Settlement Provisions. The Committee may at any time
            offer to buy out an Option previously granted, based on such terms
            and conditions as the Committee shall establish and communicate to
            the Participant at the time that such offer is made.

                                       15
<PAGE>

      (l)   Deferred Delivery of Common Shares. The Committee may in its
            discretion permit Participants to defer delivery of Common Stock
            acquired pursuant to a Participant's exercise of an Option in
            accordance with the terms and conditions established by the
            Committee.

      (m)   Early Exercise. The Committee may provide that a Stock Option
            include a provision whereby the Participant may elect at any time
            before the Participant's Termination to exercise the Stock Option as
            to any part or all of the shares of Common Stock subject to the
            Stock Option prior to the full vesting of the Stock Option and such
            shares shall be subject to the provisions of Article VIII and
            treated as restricted stock. Any unvested shares of Common Stock so
            purchased may be subject to a repurchase option in favor of the
            Company or to any other restriction the Committee determines to be
            appropriate.

      (n)   Other Terms and Conditions. Stock Options may contain such other
            provisions, which shall not be inconsistent with any of the terms of
            this Plan, as the Committee shall deem appropriate.

                                  ARTICLE VII

                            STOCK APPRECIATION RIGHTS

      7.1 Tandem Stock Appreciation Rights. Stock Appreciation Rights may be
granted in conjunction with all or part of any Stock Option (a "Reference Stock
Option") granted under this Plan ("Tandem Stock Appreciation Rights"). Such
rights may be granted either at or after the time of the grant of such Reference
Stock Option.

      7.2 Terms and Conditions of Tandem Stock Appreciation Rights. Tandem Stock
Appreciation Rights granted hereunder shall be subject to such terms and
conditions, not inconsistent with the provisions of this Plan, as shall be
determined from time to time by the Committee, and the following:

      (a)   Term. A Tandem Stock Appreciation Right or applicable portion
            thereof granted with respect to a Reference Stock Option shall
            terminate and no longer be exercisable upon the termination or
            exercise of the Reference Stock Option, except that, unless
            otherwise determined by the Committee, in its sole discretion, at
            the time of grant, a Tandem Stock Appreciation Right granted with
            respect to less than the full number of shares covered by the
            Reference Stock Option shall not be reduced until and then only to
            the extent the exercise or termination of the Reference Stock Option
            causes the number of shares covered by the Tandem Stock Appreciation
            Right to exceed the number of shares remaining available and
            unexercised under the Reference Stock Option.

                                       16
<PAGE>

      (b)   Exercisability. Tandem Stock Appreciation Rights shall be
            exercisable only at such time or times and to the extent that the
            Reference Stock Options to which they relate shall be exercisable in
            accordance with the provisions of Article VI, and shall be subject
            to the provisions of Section 6.2(c).

      (c)   Method of Exercise. A Tandem Stock Appreciation Right may be
            exercised by the Participant by surrendering the applicable portion
            of the Reference Stock Option. Upon such exercise and surrender, the
            Participant shall be entitled to receive an amount determined in the
            manner prescribed in this Section 7.2. Stock Options which have been
            so surrendered, in whole or in part, shall no longer be exercisable
            to the extent the related Tandem Stock Appreciation Rights have been
            exercised.

      (d)   Payment. Upon the exercise of a Tandem Stock Appreciation Right a
            Participant shall be entitled to receive up to, but no more than, an
            amount in cash and/or Common Stock (as chosen by the Committee in
            its sole discretion at the time of grant) equal in value to the
            excess of the Fair Market Value of one share of Common Stock over
            the Option exercise price per share specified in the Reference Stock
            Option agreement multiplied by the number of shares in respect of
            which the Tandem Stock Appreciation Right shall have been exercised.

      (e)   Deemed Exercise of Reference Stock Option. Upon the exercise of a
            Tandem Stock Appreciation Right, the Reference Stock Option or part
            thereof to which such Stock Appreciation Right is related shall be
            deemed to have been exercised for the purpose of the limitation set
            forth in Article IV of the Plan on the number of shares of Common
            Stock to be issued under the Plan.

      7.3 Non-Tandem Stock Appreciation Rights. Non-Tandem Stock Appreciation
Rights may also be granted without reference to any Stock Options granted under
this Plan.

      7.4 Terms and Conditions of Non-Tandem Stock Appreciation Rights.
Non-Tandem Stock Appreciation Rights granted hereunder shall be subject to such
terms and conditions, not inconsistent with the provisions of this Plan, as
shall be determined from time to time by the Committee, and the following:

      (a)   Term. The term of each Non-Tandem Stock Appreciation Right shall be
            fixed by the Committee, but shall not be greater than 10 years after
            the date the right is granted.

      (b)   Exercisability. Unless the Committee determines otherwise at grant
            or as otherwise provided herein, Non-Tandem Stock Appreciation
            Rights shall be exercisable no earlier than one year after grant
            (except with respect to Non-Tandem Stock Appreciation Rights granted
            to Non-Employee Directors) and shall be exercisable at such time or
            times and subject to such terms and conditions as shall be
            determined by the Committee at grant. If the Committee provides, in
            its discretion, that any such right is exercisable subject to
            certain limitations (including, without limitation, that it is
            exercisable only in installments or within certain time periods),
            the Committee may waive such limitations on the exercisability at
            any time at or after grant in whole or in part (including, without
            limitation, waiver of the installment exercise provisions or
            acceleration of the time at which such right may be exercised),
            based on such factors, if any, as the Committee shall determine, in
            its sole discretion.

                                       17
<PAGE>

      (c)   Method of Exercise. Subject to whatever installment exercise and
            waiting period provisions apply under subsection (b) above,
            Non-Tandem Stock Appreciation Rights may be exercised in whole or in
            part at any time in accordance with the applicable Award agreement,
            by giving written notice of exercise to the Company specifying the
            number of Non-Tandem Stock Appreciation Rights to be exercised.

      (d)   Payment. Upon the exercise of a Non-Tandem Stock Appreciation Right
            a Participant shall be entitled to receive, for each right
            exercised, up to, but no more than, an amount in cash and/or Common
            Stock (as chosen by the Committee in its sole discretion at the time
            of grant) equal in value to the excess of the Fair Market Value of
            one share of Common Stock on the date the right is exercised over
            the Fair Market Value of one share of Common Stock on the date the
            right was awarded to the Participant.

                                  ARTICLE VIII

                             RESTRICTED STOCK AWARDS

      8.1 Restricted Stock Awards. Restricted Stock Awards may be issued either
alone or in addition to other Awards granted under the Plan. The Committee shall
determine the Eligible Employees, Consultants and Non-Employee Directors, to
whom, and the time or times at which, grants of Restricted Stock Awards shall be
made, the number of shares to be awarded, the price (if any) to be paid by the
Participant (subject to Section 8.2), the time or times within which such Awards
may be subject to forfeiture, the vesting schedule and rights to acceleration
thereof, and all other terms and conditions of the Awards.

      8.2 Awards and Certificates. Eligible Employees, Consultants and
Non-Employee Directors selected to receive a Restricted Stock Award shall not
have any rights with respect to such Award, unless and until such Participant
has delivered a fully executed copy of the agreement evidencing the Award to the
Company and has otherwise complied with the applicable terms and conditions of
such Award. Further, such Award shall be subject to the following conditions:

      (a)   Purchase Price. The purchase price of a Restricted Stock Award shall
            be fixed by the Committee. Subject to Section 4.3, the purchase
            price for a Restricted Stock Award may be zero to the extent
            permitted by applicable law, and, to the extent not so permitted,
            such purchase price may not be less than par value.

                                       18
<PAGE>

      (b)   Acceptance. Restricted Stock Awards must be accepted within a period
            of 60 days (or such shorter period as the Committee may specify at
            grant) after the grant date, by executing an Award agreement and by
            paying whatever price (if any) the Committee has designated
            thereunder.

      8.3 Restrictions and Conditions. Restricted Stock Awards awarded pursuant
to this Plan shall be subject to the following restrictions and conditions:

      (a)   Restriction Period.

            (i)   The Participant shall not be permitted to Transfer a
                  Restricted Stock Award awarded under this Plan during the
                  period or periods set by the Committee (the "Restriction
                  Period") commencing on the date of such Award, as set forth in
                  the Award agreement and such agreement shall set forth a
                  vesting schedule and any events which would accelerate vesting
                  of the Restricted Stock Award. Unless the Committee determines
                  otherwise at grant, and except with respect to Restricted
                  Stock Awards granted to Non-Employee Directors, the minimum
                  Restriction Period shall be three years (permitting pro-rata
                  vesting over such three year period). Within these limits,
                  based on service, attainment of performance goals pursuant to
                  Section 8.3(a)(ii) below and/or such other factors or criteria
                  as the Committee may determine in its sole discretion, the
                  Committee may condition the grant or provide for the lapse of
                  such restrictions installments in whole or in part, or may
                  accelerate the vesting of all or any part of any Restricted
                  Stock Award and/or waive the deferral limitations for all or
                  any part of any such Award.

            (ii)  Objective Performance Goals, Formulae or Standards. If the
                  grant of a Restricted Stock Award or the lapse of restrictions
                  is based on the attainment of performance goals, the Committee
                  shall establish the objective performance goals, including, to
                  the extent the Committee so determines, from among those set
                  forth in Exhibit A hereto, and the applicable vesting
                  percentage of the Restricted Stock Award applicable to each
                  Participant or class of Participants in writing prior to the
                  beginning of the applicable fiscal year or at such later date
                  as otherwise determined by the Committee and while the outcome
                  of the performance goals are substantially uncertain.

                                       19
<PAGE>

      (b)   Rights as a Stockholder. The Participant shall have none of the
            attendant rights of a holder of shares of Common Stock of the
            Company until the Participant becomes a shareholder of record (other
            than rights to receive additional Restricted Stock Awards for
            dividends and other distributions on shares of Common Stock). Once
            the Participant becomes a shareholder of record, the Participant
            shall have all of the rights of a holder of shares of Common Stock
            of the Company including, without limitation, the right to receive
            any dividends, the right to vote such shares and, subject to and
            conditioned upon the full vesting of shares of Common Stock, the
            right to tender such shares. The Committee may, in its sole
            discretion, determine at the time of grant that the payment of
            dividends shall be deferred until, and conditioned upon, the
            expiration of the applicable Restriction Period.

      (c)   Termination. Unless otherwise determined by the Committee at grant
            or, if no rights of the Participant are reduced, thereafter, subject
            to the applicable provisions of the Award agreement and this Plan,
            upon a Participant's Termination for any reason during the relevant
            Restriction Period, all Restricted Stock Awards still subject to
            restriction will vest or be forfeited in accordance with the terms
            and conditions established by the Committee at grant or thereafter.

      (d)   Lapse of Restrictions. If and when the Restriction Period expires
            without a prior forfeiture of the Restricted Stock Award,
            certificates for shares attributable to such Award shall be
            delivered to the Participant (or, if certificates were previously
            issued, replacement certificates shall be delivered upon return of
            the previously issued certificates). All legends shall be removed
            from said certificates at the time of delivery to the Participant,
            except as otherwise required by applicable law or other limitations
            imposed by the Committee. Notwithstanding the foregoing, actual
            certificates shall not be issued to the extent that book entry
            recordkeeping is used.

                                   ARTICLE IX

                               PERFORMANCE AWARDS

      9.1 Performance Awards. Performance Awards may be awarded either alone or
in addition to other Awards granted under this Plan. The Committee shall
determine the Eligible Employees, Consultants and Non-Employee Directors, to
whom, and the time or times at which, Performance Awards shall be awarded, the
number of Performance Awards to be awarded to any person, the duration of the
period (the "Performance Period") during which, and the conditions under which,
a Participant's right to Performance Awards will be vested, the ability of
Participants to defer receipt of Performance Awards, and the other terms and
conditions of the Award in addition to those set forth in Section 9.2.

                                       20
<PAGE>

      Except as otherwise provided herein, the Committee shall condition the
right to payment or vesting of any Performance Award upon the attainment of
objective performance goals established pursuant to Section 9.2(b) below.

      9.2 Terms and Conditions. Performance Awards awarded pursuant to this
Article IX shall be subject to the following terms and conditions:

      (a)   Earning or Vesting of Performance Award. At the expiration of the
            applicable Performance Period, the Committee shall determine the
            extent to which the performance goals established pursuant to
            Section 9.2(b) are achieved and the percentage of each Performance
            Award that has been earned or vested.

      (b)   Objective Performance Goals, Formulae or Standards. The Committee
            shall establish the objective performance goals, including, to the
            extent the Committee so determines, from among those set forth in
            Exhibit A hereto, for the earning of Performance Awards based on a
            Performance Period applicable to each Participant or class of
            Participants in writing prior to the beginning of the applicable
            Performance Period.

      (c)   Dividends. Unless otherwise determined by the Committee at the time
            of grant, amounts equal to any dividends declared during the
            Performance Period with respect to the number of shares of Common
            Stock covered by a Performance Award will not be paid to the
            Participant.

      (d)   Payment. Following the Committee's determination, shares of Common
            Stock and/or cash, as determined by the Committee in its sole
            discretion at the time of grant, shall be delivered to the Eligible
            Employee, Consultant or Non-Employee Director, or his legal
            representative, in an amount equal to such individual's earned or
            vested Performance Award. Notwithstanding the foregoing, the
            Committee may, in its sole discretion, award a number of shares of
            Common Stock or an amount of cash less than the earned Performance
            Award and/or subject the payment of all or part of any Performance
            Award to additional vesting, forfeiture and deferral conditions as
            it deems appropriate.

      (e)   Termination. Subject to the applicable provisions of the Award
            agreement and this Plan, upon a Participant's Termination for any
            reason during the Performance Period for a given Award, the
            Performance Award in question will vest or be forfeited in
            accordance with the terms and conditions established by the
            Committee at grant or, if no rights of the Participant are reduced,
            thereafter.

      (f)   Accelerated Vesting. Based on service, performance and/or such other
            factors or criteria, if any, as the Committee may determine, the
            Committee may, at or after grant, accelerate the vesting of all or
            any part of any Performance Award or waive the deferral limitations
            for all or any part of such Award.

                                       21
<PAGE>

                                   ARTICLE X

                            OTHER STOCK-BASED AWARDS

      10.1 Other Awards. The Committee is authorized to grant to Eligible
Employees, Consultants and Non-Employee Directors Other Stock-Based Awards that
are payable in, valued in whole or in part by reference to, or otherwise based
on or related to shares of Common Stock, including but not limited to, shares of
Common Stock awarded purely as a bonus and not subject to any restrictions or
conditions, shares of Common Stock in payment of the amounts due under an
incentive or performance plan sponsored or maintained by the Company or an
Affiliate, stock equivalent units, restricted stock units, and Awards valued by
reference to book value of shares of Common Stock. Other Stock-Based Awards may
be granted either alone or in addition to or in tandem with other Awards granted
under the Plan.

      Subject to the provisions of this Plan, the Committee shall have authority
to determine the Eligible Employees, Consultants and Non-Employee Directors, to
whom, and the time or times at which, such Awards shall be made, the number of
shares of Common Stock to be awarded pursuant to such Awards, and all other
conditions of the Awards. The Committee may also provide for the grant of Common
Stock under such Awards upon the completion of a specified performance period.

      The Committee may condition the grant or vesting of Other Stock-Based
Awards upon the attainment of specified performance goals, including, to the
extent the Committee so determines, from among those set forth on Exhibit A
hereto, as the Committee may determine, in its sole discretion.

      10.2 Terms and Conditions. Other Stock-Based Awards made pursuant to this
Article X shall be subject to the following terms and conditions:

      (a)   Dividends. Unless otherwise determined by the Committee at the time
            of grant or, if no rights of the Participant are reduced,
            thereafter, subject to the provisions of the Plan, the recipient of
            an Award under this Article X shall not be entitled to receive,
            currently or on a deferred basis, dividends or dividend equivalents
            with respect to the number of shares of Common Stock covered by the
            Award, as determined at the time of the Award by the Committee, in
            its sole discretion.

      (b)   Vesting. Any Award under this Article X and any Common Stock covered
            by any such Award shall vest or be forfeited to the extent so
            provided in the Award agreement, as determined by the Committee, in
            its sole discretion.

      (c)   Price. Common Stock issued on a bonus basis under this Article X may
            be issued for no cash consideration; Common Stock purchased pursuant
            to a purchase right awarded under this Article X shall be priced, as
            determined by the Committee in its sole discretion, except to the
            extent required by law, such price may not be less than par value.

                                       22
<PAGE>

                                   ARTICLE XI

                          CHANGE IN CONTROL PROVISIONS

      11.1 Benefits. In the event of a Change in Control of the Company (as
defined below), and except as otherwise provided by the Committee in an Award
agreement or, if no rights of the Participants are reduced, thereafter, no
acceleration of vesting or lapsing of restrictions shall occur with respect to
an Award. Notwithstanding the foregoing, the Committee may determine, prior to
the occurrence of the Change in Control, that the Award shall be continued,
assumed, have new rights substituted therefor or be treated in accordance with
Section 4.2(d) hereof. The Committee, in its sole discretion, may also provide
at the time of grant for the purchase of any Awards by the Company or an
Affiliate for an amount of cash equal to the excess of the Change in Control
Price (as defined below) of the shares of Common Stock covered by such Awards,
over the aggregate exercise price of such Awards. For purposes of this Section
11.1, Change in Control Price shall mean the average Fair Market Value of a
share of Common Stock during the 20 trading days immediately prior to a Change
in Control of the Company.

      11.2 Change in Control. A "Change in Control" shall mean either of the
following events: (a) the acquisition (other than from the Company) by any
"Person" of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of 50% or more of the combined voting power of the
Company's then outstanding voting securities other than by Michael Egan and/or
Edward Cespedes or either or their respective affiliates; or (b) approval by the
stockholders of the Company of (i) a merger or consolidation involving the
Company if the stockholders of the Company, immediately before such merger or
consolidation do not, as a result of such merger or consolidation, own, directly
or indirectly, more than 50% of the combined voting power of the then
outstanding voting securities of the corporation resulting from such merger or
consolidation or (ii) a complete liquidation or dissolution of the Company or an
agreement for the sale or other disposition of all or substantially all of the
assets of the Company. For purposes of clause (b)(ii), it shall not be a Change
of Control in the event the Company elects to sell all or substantially all of
its (or its subsidiaries) assets relating to Computer Games Print Magazine,
Computer Games On-Line and/or Chips and Bits, Inc. businesses.

                                  ARTICLE XII

         TERMINATION OR AMENDMENT OF PLAN/NON-TRANSFERABILITY OF AWARDS

      12.1 Termination or Amendment. Notwithstanding any other provision of this
Plan, the Board may at any time, and from time to time, amend, in whole or in
part, any or all of the provisions of the Plan (including any amendment deemed
necessary to ensure that the Company may comply with any regulatory requirement
referred to in Article XIV), or suspend or terminate it entirely, retroactively
or otherwise; provided, however, that, unless otherwise required by law, to
comply with applicable law or applicable accounting rules, to correct obvious
drafting errors, or as specifically provided herein, the rights of a Participant
with respect to Awards granted prior to such amendment, suspension or
termination, may not be impaired without the consent of such Participant.
Notwithstanding the foregoing, following receipt of stockholder approval of the
Plan, the Plan may not be amended without the approval of the stockholders of
the Company in accordance with the applicable laws of the State of Delaware to
increase the aggregate number of shares of Common Stock that may be issued under
this Plan, decrease the minimum exercise price of any Award, or to make any
other amendment that would require stockholder approval under the rules of any
exchange or system on which the Company's securities are listed or traded at the
request of the Company. The Committee may amend the terms of any Award
theretofore granted, prospectively or retroactively, but, subject to Article IV
above or as required by law, to comply with applicable law or applicable
accounting rules, to correct obvious drafting errors, or as otherwise
specifically provided herein, no such amendment or other action by the Committee
shall impair the rights of any holder without the holder's consent.

                                       23
<PAGE>

      12.2 Non-Transferability of Awards. Except as the Committee may permit, in
its sole discretion, at the time of grant or thereafter, no Award shall be
Transferable by the Participant (including, without limitation to, a Family
Member) otherwise than by will or by the laws of descent and distribution, and
all Awards shall be exercisable, during the Participant's lifetime, only by the
Participant Any attempt to Transfer any Award or benefit not otherwise permitted
Committee in accordance with the foregoing sentence shall be void, and any such
benefit shall not in any manner be liable for or subject to the debts,
contracts, liabilities, engagements or torts of any person who shall be entitled
to such benefit, nor shall it be subject to attachment or legal process for or
against such person. A Stock Option that is Transferred pursuant to the
preceding sentence (i) may not be subsequently Transferred otherwise than by
will or by the laws of descent and distribution, except as may otherwise be
permitted by the Committee and (ii) remains subject to the terms of this Plan
and the applicable Award agreement. Any shares of Common Stock acquired by a
permissible transferee shall continue to be subject to the terms of this Plan
and the applicable Award agreement.

                                  ARTICLE XIII

                                  UNFUNDED PLAN

      13.1 Unfunded Status of Plan. This Plan is intended to constitute an
"unfunded" plan for incentive and deferred compensation. With respect to any
payments as to which a Participant has a fixed and vested interest but which are
not yet made to a Participant by the Company, nothing contained herein shall
give any such Participant any rights that are greater than those of a general
unsecured creditor of the Company.

                                  ARTICLE XIV

                               GENERAL PROVISIONS

      14.1 Legend and Custody. The Committee may require each person receiving
shares of Common Stock pursuant to a Stock Option or other Award under the Plan
to represent to and agree with the Company in writing that the Participant is
acquiring the shares without a view to distribution thereof. In addition to any
legend required by this Plan, the certificates for such shares may include any
legend which the Committee deems appropriate to reflect any restrictions on
Transfer.

                                       24
<PAGE>

      All certificates for shares of Common Stock delivered under the Plan shall
be subject to such stop transfer orders and other restrictions as the Committee
may deem advisable under the rules, regulations and other requirements of the
Securities and Exchange Commission, any stock exchange upon which the Common
Stock is then listed or any national securities exchange system upon whose
system the Common Stock is then quoted, any applicable Federal or state
securities law, and any applicable corporate law, and the Committee may cause a
legend or legends to be put on any such certificates to make appropriate
reference to such restrictions.

      If stock certificates are issued in respect of an Award, the Committee may
require that any stock certificates evidencing such Award be held in custody by
the Company until the Award has vested or the restrictions thereon shall have
lapsed, and that, as a condition of any grant of such an Award, the Participant
shall have delivered a duly signed stock power, endorsed in blank, relating to
the Common Stock covered by such Award.

      14.2 Other Plans. Nothing contained in this Plan shall prevent the Board
from adopting other or additional compensation arrangements, subject to
stockholder approval if such approval is required; and such arrangements may be
either generally applicable or applicable only in specific cases.

      14.3 No Right to Employment/Directorship/Consultancy. Neither this Plan
nor the grant of any Option or other Award hereunder shall give any Participant
or other employee, Consultant or Non-Employee Director any right with respect to
continuance of employment, consultancy or directorship by the Company or any
Affiliate, nor shall they be a limitation in any way on the right of the Company
or any Affiliate by which an employee is employed or a Consultant or
Non-Employee Director is retained to terminate his or her employment,
consultancy or directorship at any time.

      14.4 Withholding of Taxes. The Company shall have the right to deduct from
any payment to be made pursuant to this Plan, or to otherwise require, prior to
the issuance or delivery of any shares of Common Stock or the payment of any
cash hereunder, payment by the Participant of, any Federal, state or local taxes
required by law to be withheld. Upon the vesting of a Restricted Stock Award (or
other Award that is taxable upon vesting), or upon making an election under
Section 83(b) of the Code, a Participant shall pay all required withholding to
the Company. The minimum statutorily required withholding obligation with regard
to any Participant may be satisfied, subject to the consent of the Committee, by
reducing the number of shares of Common Stock otherwise deliverable or by
delivering shares of Common Stock already owned. Any fraction of a share of
Common Stock required to satisfy such tax obligations shall be disregarded and
the amount due shall be paid instead in cash by the Participant.

      14.5 Listing and Other Conditions.

      (a)   Unless otherwise determined by the Committee, as long as the Common
            Stock is listed on a national securities exchange or system
            sponsored by a national securities association, the issue of any
            shares of Common Stock pursuant to an Award shall be conditioned
            upon such shares being listed on such exchange or system. The
            Company shall have no obligation to issue such shares unless and
            until such shares are so listed, and the right to exercise any
            Option or other Award with respect to such shares shall be suspended
            until such listing has been effected.

                                       25
<PAGE>

      (b)   If at any time counsel to the Company shall be of the opinion that
            any sale or delivery of shares of Common Stock pursuant to an Option
            or other Award is or may in the circumstances be unlawful or result
            in the imposition of excise taxes on the Company under the statutes,
            rules or regulations of any applicable jurisdiction, the Company
            shall have no obligation to make such sale or delivery, or to make
            any application or to effect or to maintain any qualification or
            registration under the Securities Act or otherwise, with respect to
            shares of Common Stock or Awards, and the right to exercise any
            Option or other Award shall be suspended until, in the opinion of
            said counsel, such sale or delivery shall be lawful or will not
            result in the imposition of excise taxes on the Company.

      (c)   Upon termination of any period of suspension under this Section
            14.5, any Award affected by such suspension which shall not then
            have expired or terminated shall be reinstated as to all shares
            available before such suspension and as to shares which would
            otherwise have become available during the period of such
            suspension, but no such suspension shall extend the term of any
            Award.

      (d)   A Participant shall be required to supply the Company with any
            certificates, representations and information that the Company
            requests and otherwise cooperate with the Company in obtaining any
            listing, registration, qualification, exemption, consent or approval
            the Company deems necessary or appropriate.

      14.6 Governing Law. This Plan and actions taken in connection herewith
shall be governed and construed in accordance with the laws of the State of
Delaware (regardless of the law that might otherwise govern under applicable
Delaware principles of conflict of laws).

      14.7 Construction. Wherever any words are used in this Plan in the
masculine gender they shall be construed as though they were also used in the
feminine gender in all cases where they would so apply, and wherever any words
are used herein in the singular form they shall be construed as though they were
also used in the plural form in all cases where they would so apply.

      14.8 Other Benefits. No Award granted or paid out under this Plan shall be
deemed compensation for purposes of computing benefits under any retirement plan
of the Company or its Affiliates nor affect any benefits under any other benefit
plan now or subsequently in effect under which the availability or amount of
benefits is related to the level of compensation.

                                       26
<PAGE>

      14.9 Costs. The Company shall bear all expenses associated with
administering this Plan, including expenses of issuing Common Stock pursuant to
any Awards hereunder. 14.10 No Right to Same Benefits. The provisions of Awards
need not be the same with respect to each Participant, and such Awards to
individual Participants need not be the same in subsequent years.

      14.11 Death/Disability. The Committee may in its discretion require the
transferee of a Participant to supply it with written notice of the
Participant's death or Disability and to supply it with a copy of the will (in
the case of the Participant's death) or such other evidence as the Committee
deems necessary to establish the validity of the transfer of an Award. The
Committee may also require that the agreement of the transferee to be bound by
all of the terms and conditions of the Plan.

      14.12 Section 16(b) of the Exchange Act. All elections and transactions
under this Plan by persons subject to Section 16 of the Exchange Act involving
shares of Common Stock are intended to comply with any applicable exemptive
condition under Rule 16b-3. The Committee may establish and adopt written
administrative guidelines, designed to facilitate compliance with Section 16(b)
of the Exchange Act, as it may deem necessary or proper for the administration
and operation of this Plan and the transaction of business thereunder.

      14.13 Successor and Assigns. The Plan shall be binding on all successors
and permitted assigns of a Participant, including, without limitation, the
estate of such Participant and the executor, administrator or trustee of such
estate.

      14.14 Severability of Provisions. If any provision of the Plan shall be
held invalid or unenforceable, such invalidity or unenforceability shall not
affect any other provisions hereof, and the Plan shall be construed and enforced
as if such provisions had not been included.

      14.15 Payments to Minors, Etc. Any benefit payable to or for the benefit
of a minor, an incompetent person or other person incapable of receipt thereof
shall be deemed paid when paid to such person's guardian or to the party
providing or reasonably appearing to provide for the care of such person, and
such payment shall fully discharge the Committee, the Board, the Company, its
Affiliates and their employees, agents and representatives with respect thereto.

      14.16 Headings and Captions. The headings and captions herein are provided
for reference and convenience only, shall not be considered part of the Plan,
and shall not be employed in the construction of the Plan.

                                   ARTICLE XV

                             EFFECTIVE DATE OF PLAN

      The Plan shall become effective upon the date specified by the Board in
its resolution adopting the Plan.

                                       27
<PAGE>

                                  ARTICLE XVI

                                  TERM OF PLAN

      No Award shall be granted pursuant to the Plan on or after the tenth
anniversary of the date the Plan is adopted, but Awards granted prior to such
tenth anniversary may extend beyond that date.

                                  ARTICLE XVII

                                  NAME OF PLAN

      This Plan shall be known as "theglobe.com, inc. 2004 Stock Incentive
Plan."

                                       28
<PAGE>

                                    EXHIBIT A

                                Performance GOALS

      Performance goals established for purposes of the vesting of
performance-based Restricted Stock Awards, Performance Awards and/or Other
Stock-Based Awards ("Performance Goals") may be based on performance criteria
which may include, without limitation, the following: (i) the attainment of
certain target levels of, or a specified increase in, enterprise value or value
creation targets of the Company (or any subsidiary, division or other
operational unit of the Company); (ii) the attainment of certain target levels
of, or a percentage increase in after-tax or pre-tax profits of the Company,
including without limitation that attributable to continuing and/or other
operations of the Company (or in either case a subsidiary, division, or other
operational unit of the Company); (iii) the attainment of certain target levels
of, or a specified increase in, operational cash flow of the Company (or a
subsidiary, division, or other operational unit of the Company); (iv) the
attainment of a certain level of reduction of, or other specified objectives
with regard to limiting the level of increase in all or a portion of, the
Company's bank debt or other long-term or short-term public or private debt or
other similar financial obligations of the Company, which may be calculated net
of cash balances and/or other offsets and adjustments as may be established by
the Committee; (v) the attainment of a specified percentage increase in earnings
per share or earnings per share from continuing operations of the Company (or a
subsidiary, division or other operational unit of the Company); (vi) the
attainment of certain target levels of, or a specified percentage increase in,
net sales, revenues, net income or earnings before interest, taxes, depreciation
and amortization ("EBITDA"); (vii) the attainment of certain target levels of,
or a specified increase in, return on capital employed or return on invested
capital of the Company (or any subsidiary, division or other operational unit of
the Company); (viii) the attainment of certain target levels of, or a percentage
increase in, after-tax or pre-tax return on stockholder equity of the Company
(or any subsidiary, division or other operational unit of the Company); (ix) the
attainment of certain target levels in the fair market value of the shares of
the Company's Common Stock; (x) the growth in the value of an investment in the
Company's Common Stock assuming the reinvestment of dividends; or (xi) a
transaction that results in the sale of stock or assets of the Company. The
Committee may also exclude the impact of an event or occurrence which the
Committee determines should be appropriately excluded, including (i)
restructurings, discontinued operations, extraordinary items, and other unusual
or non-recurring charges, (ii) an event either not directly related to the
operations of the Company or not within the reasonable control of the Company's
management, or (iii) a change in accounting standards required by generally
accepted accounting principles.

      In addition, such Performance Goals may be based upon the attainment of
specified levels of Company (or subsidiary, division or other operational unit
of the Company) performance under one or more of the measures described above
relative to the performance of other corporations. The Committee may: (i)
designate additional business criteria on which the performance goals may be
based or (ii) adjust, modify or amend the aforementioned business criteria.

                                       29
<PAGE>

                               THEGLOBE.COM, INC.

                            2004 STOCK INCENTIVE PLAN

<PAGE>

                                TABLE OF CONTENTS

ARTICLE I PURPOSE..............................................................1

ARTICLE II DEFINITIONS.........................................................1

ARTICLE III ADMINISTRATION.....................................................5

ARTICLE IV SHARE LIMITATION....................................................9

ARTICLE V ELIGIBILITY.........................................................13

ARTICLE VI STOCK OPTIONS......................................................13

ARTICLE VII STOCK APPRECIATION RIGHTS.........................................16

ARTICLE VIII RESTRICTED STOCK AWARDS..........................................18

ARTICLE IX PERFORMANCE AWARDS.................................................20

ARTICLE X OTHER STOCK-BASED AWARDS............................................22

ARTICLE XI CHANGE IN CONTROL PROVISIONS.......................................23

ARTICLE XII TERMINATION OR AMENDMENT OF PLAN/NON-TRANSFERABILITY OF AWARDS....23

ARTICLE XIII UNFUNDED PLAN....................................................24

ARTICLE XIV GENERAL PROVISIONS................................................24

ARTICLE XV EFFECTIVE DATE OF PLAN.............................................28

ARTICLE XVI TERM OF PLAN......................................................28

ARTICLE XVII NAME OF PLAN.....................................................28

                                       iEXHIBIT 10.1

                       EVCI CAREER COLLEGES HOLDING CORP.
                 2004 AMENDED AND RESTATED INCENTIVE STOCK PLAN*

      1. Purpose. The purpose of the 2004 Incentive Stock Plan (the "Plan") is
to enhance the ability of EVCI Career Colleges Holding Corp. (the "Company") and
its Related Entities to attract and retain officers, employees, directors and
consultants of outstanding ability and to provide selected officers, employees,
directors and consultants with an interest in the Company parallel to that of
the Company's stockholders. The term "Company" as used in this Plan shall,
unless otherwise indicated, mean collectively the Company and/or its Related
Entities, as the context requires.

      2. Certain Definitions.

            (a) "Award" means an award determined in accordance with the terms
of the Plan.

            (b) "Beneficial Owner" shall have the same meaning as in Rule
13(d)(3) of the Exchange Act.

            (c) "Board" means the Board of Directors of the Company.

            (d) "Cause" means (i) the same as the definition of such term in an
employment agreement or similar agreement, if any, between the Participant and
the Company or (ii) if no such agreement exists, one or more of: (A) the
Participant's failure to perform the duties reasonably assigned to him or her by
the Company, (B) a good faith finding by the Company of the Participant's
dishonesty, gross negligence or misconduct, (C) a material breach by the
Participant of any written Company employment policies or rules or (D) the
Participant's conviction for, or his or her plea of guilty or nolo contendere
to, a felony or for any other crime which involves fraud, dishonesty or moral
turpitude.

            (e) "Change in Control" means (i) the same as the definition of such
term contained in an agreement, if any, between the Participant and the Company
or (ii) if no such agreement exists (A) an event or series of events that would
be required to be described as a change in control of the Company in a proxy or
information statement distributed by the Company pursuant to Section 14 of the
Exchange Act in response to Item 6(e) of Schedule 14A promulgated thereunder or
otherwise adopted or (A) any event the Board deems to be a Change of Control.
The determination whether and when a Change in Control has occurred or is about
to occur shall be made by the Board in office immediately prior to the
occurrence of the event or series of events constituting such Change in Control.

            (f) "Control Change Date" means the date designated by the Board of
occurrence of the events or series of events constituting a Change of Control.

            (g) "Code" means the Internal Revenue Code of 1986, as amended.

            (h) "Committee" means a committee of at least two members of the
Board appointed by the Board to administer the Plan and to perform the functions
set forth herein

_____________________
*As of July 27, 2004.

<PAGE>

and who are "non-employee directors" within the meaning of Rule 16b-3 under the
Exchange Act and who are also "outside directors" within the meaning of Section
162(m) of the Code.

            (i) "Common Stock" means the common stock of the Company.

            (j) "Continuous Service" means that the Participant's service as an
employee, director or consultant with the Company or a Related Entity which is
not interrupted or terminated. The Participant's Continuous Service shall not be
deemed to have terminated merely because of a change in the capacity in which
the Participant renders service to the Company or a Related Entity as an
employee, director or consultant or a change in the entity for which the
Participant renders such service; provided that, there is no interruption or
termination of the Participant's Continuous Service other than an approved leave
of absence. The Committee, in its sole discretion, may determine whether
Continuous Service shall be considered interrupted.

            (k) "Disability" has the meaning as provided in any long-term
disability plan maintained by the Company or any Related Entity in which a
Participant then participates; provided that, if no such plan exists, it shall
have the meaning set forth in Section 22(e)(3) of the Code.

            (l) "Effective Date" has the meaning set forth in Section 21 of the
Plan.

            (m) "Exchange Act" shall mean the Securities and Exchange Act of
1934, as amended.

            (n) "Fair Market Value" per share as of a particular date means,
unless otherwise determined by the Board, the average of the high and low sale
prices of the Common Stock on the NASDAQ (or any other exchange or national
market system upon which price quotations for the Company's Common Stock is
regularly available) for such date. In the event the particular date is not a
trading day, the next price on the trading day shall apply.

            (o) "Immediate Family Member" means, except as otherwise determined
by the Committee, a Participant's spouse, ancestors and descendants.

            (p) "Incentive Stock Option" means a stock option which is intended
to meet the requirements of Section 422 of the Code.

            (q) "Non-Employee Director" means a member of the Board who is not
an employee of the Company or a Related Entity.

            (r) "Nonqualified Stock Option" means a stock option which is not
intended to be an Incentive Stock Option.

            (s) "Option" means either an Incentive Stock Option or a
Nonqualified Stock Option.

            (t) "Participant" means an individual who is eligible under Section
5 and is selected to participate in the Plan by the Committee.

                                       2
<PAGE>

            (u) "Related Entity" means an entity that the Board determines is an
affiliate of the Company (including an entity that becomes an affiliate after
the effective date of the Plan); provided that, with respect to Incentive Stock
Options, it shall mean any Related Entity of the Company that is a corporation
and which at the time qualifies as a "subsidiary corporation" within the meaning
of Section 424(f) of the Code.

            (v) "Substitute Awards" means Awards granted or shares issued by the
Company in assumption of, or in substitution or exchange for, awards previously
granted, or the right or obligation to make future awards, by a company acquired
by the Company or with which the Company combined.

      3. Shares Subject to the Plan.

            (a) General. Subject to adjustment in accordance with Section 16,
the total of the number of shares of Common Stock which shall be available for
the grant of Awards under the Plan shall not exceed 1,200,000 shares of Common
Stock. Any Common Stock subject to an Option which is canceled or expires
without exercise shall again become available for Award under the Plan. Upon
forfeiture of other Awards in accordance with the provisions of the Plan and the
terms and conditions of the Award, the shares covered thereby shall again be
available for subsequent Awards under the Plan. In addition, any shares of
Common Stock tendered and/or withheld for the payment of any applicable
withholding taxes shall again become available for the grant of subsequent
Awards under the Plan. The Company may, but is not required to, use the proceeds
it receives for the payment of any Award under this Plan to purchase shares of
its Common Stock in the open market and any such shares of Common Stock so
purchased may be used for the issuance of Awards under this Plan. Subject to
adjustment in accordance with Section 16, no Participant shall be granted,
during any one year period, Options to purchase, and/or stock appreciation
rights based on the value of, more than 400,000 shares of Common Stock. Common
Stock available for issue or distribution under the Plan shall be authorized and
unissued shares or shares reacquired by the Company in any manner.

            (b) Incentive Stock Options. Notwithstanding Section 3(a), subject
to adjustment in accordance with Section 16, the aggregate number of shares of
Common Stock with respect to which Incentive Stock Options may be granted under
the Plan shall not exceed 1,000,000.

      4. Administration.

            (a) Committee. The Plan shall be administered by the Committee. All
references to the Committee hereinafter shall mean the directors who could
qualify to be members of the Committee if no such Committee has been appointed.

            (b) Authority and Duties. The Committee shall (i) approve the
selection of Participants, (ii) determine the type of Awards to be made to
Participants, (iii) determine the number of shares of Common Stock subject to
Awards, (iv) determine the terms and conditions of any Award granted hereunder
(including, but not limited to, any restriction and forfeiture conditions on
such Award) and (v) have the authority to interpret the Plan, to establish,
amend, and rescind any rules and regulations relating to the Plan, to determine
the terms and provisions of any agreements entered into hereunder, and to make
all other determinations necessary or advisable for the administration of the
Plan. The Committee may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or in any Award in the manner and to the extent it
shall deem desirable to carry it into effect.

                                       3
<PAGE>

            (c) Vote by Committee. Approval by a majority of the Committee
members shall be sufficient to authorize any action by the Committee. Any action
of the Committee shall be final, conclusive and binding on all persons,
including the Company and its Related Entities and stockholders, Participants
and persons claiming rights from or through a Participant.

            (d) Delegation of Authority. The Committee may delegate to officers
or employees of the Company or any Related Entity, and to service providers, the
authority, subject to such terms as the Committee shall determine, to perform
administrative functions with respect to the Plan and Award agreements.

            (e) Limit on Liability; Indemnification. Members of the Committee
and any officer or employee of the Company or any Related Entity acting at the
direction of, or on behalf of, the Committee shall not be personally liable for
any action or determination taken or made in good faith with respect to the
Plan, and shall, to the extent permitted by law, be fully indemnified by the
Company with respect to any such action or determination.

      5. Eligibility. Individuals eligible to receive Awards under the Plan
shall be the officers, employees, directors and consultants of the Company and
its Related Entities or any person who has agreed to provide services in any of
those capacities but whose service has not yet commenced; provided that, only
employees of the Company and its Related Entities may be granted Incentive Stock
Options.

      6. Awards. Awards under the Plan may consist of Options or other Awards,
including Substitute Awards.

      7. Options. Options may be granted under the Plan in such form as the
Committee may from time to time approve pursuant to terms set forth in an Option
agreement.

            (a) Types of Options. Each Option agreement shall state whether or
not the Option will be treated as an Incentive Stock Option or Nonqualified
Stock Option. The aggregate Fair Market Value of the Common Stock for which
Incentive Stock Options granted to any one employee under this Plan or any other
incentive stock option plan of the Company or of any of its Related Entities may
by their terms first become exercisable during any calendar year shall not
exceed $100,000, determining Fair Market Value as of the date each respective
Option is granted. In the event such threshold is exceeded in any calendar year,
such excess Options shall be automatically deemed to be Nonqualified Stock
Options. To the extent that any Option granted under this Plan which is intended
to be an Incentive Stock Option fails for any reason to qualify as such at any
time, such Option shall be a Nonqualified Stock Option.

            (b) Option Price. The purchase price per share of the Common Stock
purchasable under an Option shall be determined by the Committee and shall not
be less than 100% of the Fair Market Value of the Common Stock on the date of
grant; provided, however, in the case of Incentive Stock Options granted to an
employee owning stock possessing more than 10% of the total combined voting
power of all classes of shares of the Company and its Related Entities (a "10%
Stockholder") the price per share specified in the agreement relating to such
Option shall not be less than 110% of the Fair Market Value per share of the
Common Stock on the date of grant.

                                       4
<PAGE>

            (c) Option Period. The term of each Option shall be fixed by the
Committee, but no Option shall be exercisable after the expiration of 10 years
from the date the Option is granted; provided that, in the case of Incentive
Stock Options granted to 10% Stockholders, the term of such Option shall not
exceed five years from the date of grant. Notwithstanding the foregoing, unless
otherwise provided in an Award agreement, upon the death of a Participant,
Options (other than Incentive Stock Options) that would otherwise remain
exercisable following such death, shall remain exercisable for one year
following such death, notwithstanding the term of such Option.

            (d) Exercisability. Each Option shall vest and become exercisable at
a rate determined by the Committee on the date of grant.

            (e) Payment of Exercise Price. The exercise price of the Option may
be paid (i) in cash or by certified or bank check, (ii) by surrender of Common
Stock held by the optionee for at least six months or such period as may be
required to avoid a charge to earnings for financial accounting purposes only if
so permitted by the Company, (iii) if established by the Company, subject to
limitations on arranged loans required by Sarbanes-Oxley Act of 2002, through a
"same day sale" commitment from optionee and a broker-dealer selected by the
Company that is a member of the National Association of Securities Dealers (an
"NASD Dealer") whereby the optionee 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 (iv)
by any combination of the foregoing, and, in all instances, to the extent
permitted by applicable law. A Participant's subsequent transfer or disposition
of any Common Stock acquired upon exercise of an Option shall be subject to any
Federal and state laws then applicable, specifically securities law, and the
terms and conditions of this Plan.

      8. Other Awards. Subject to such performance and employment conditions as
the Committee may determine, awards of Common Stock or awards based on the value
of the Common Stock may be granted either alone or in addition to other Awards
granted under the Plan. Any Awards under this Section 8 and any Common Stock
covered by any such Award may be forfeited to the extent so provided in the
Award agreement, as determined by the Committee. Payment of Common Stock awards
made under this Section 8 which are based on the value of Common Stock may be
made in Common Stock or in cash or in a combination thereof (based upon the Fair
Market Value of the Common Stock on the date of payment), all as determined by
the Committee in its sole discretion. Where the Company receives no payment from
the recipient of an Award under this Section 8, the minimum performance period
shall be at least one year and a condition based upon continued employment or
the passage of time shall provide for vesting or settlement over a period of not
less than three years.

      9. Stock Appreciation Rights.

            (a) General. The Committee may, either alone or in connection with
the grant of another Award, grant stock appreciation rights in accordance with
the Plan, the terms and conditions of which shall be set forth in an agreement.
If granted in connection with an Option, a stock appreciation right shall cover
the same number of shares of Common Stock covered by the Option (or such lesser
number of shares as the Committee may determine) and shall, except as provided
in this Section 11, be subject to the same terms and conditions as the related
Option.

                                       5
<PAGE>

            (b) Time of Grant. A stock appreciation right may be granted (i) at
any time if unrelated to an Option, or (ii) if related to an Option, either at
the time of grant, or in the case of Nonqualified Stock Options, at any time
thereafter during the term of such Option.

            (c) Stock Appreciation Right Related to an Option.

            (i) A stock appreciation right granted in connection with an Option
shall be exercisable at such time or times and only to the extent that the
related Option is exercisable, and will not be transferable except to the extent
the related Option may be transferable. A stock appreciation right granted in
connection with an Incentive Stock Option shall be exercisable only if the Fair
Market Value of a share of Common Stock on the date of exercise exceeds the
purchase price specified in the related Incentive Stock Option agreement.

            (ii) Upon the exercise of a stock appreciation right related to an
Option, the Participant shall be entitled to receive an amount determined by
multiplying (A) the excess of the Fair Market Value of a share of Common Stock
on the date preceding the date of exercise of such stock appreciation right over
the per share purchase price under the related Option, by (B) the number of
shares of Common Stock as to which such stock appreciation right is being
exercised. Notwithstanding the foregoing, the Committee may limit in any manner
the amount payable with respect to any stock appreciation right by including
such a limit in the agreement evidencing the stock appreciation right at the
time it is granted.

            (iii) Upon the exercise of a stock appreciation right granted in
connection with an Option, the Option shall be canceled to the extent of the
number of shares as to which the stock appreciation right is exercised, and upon
the exercise of an Option granted in connection with a stock appreciation right,
the stock appreciation right shall be canceled to the extent of the number of
shares of Common Stock as to which the Option is exercised or surrendered.

            (d) Stock Appreciation Right Unrelated to an Option. The Committee
may grant to a Participant stock appreciation rights unrelated to Options. Stock
appreciation rights unrelated to Options shall contain such terms and conditions
as to exercisability, vesting and duration as the Committee shall determine, but
in no event shall they have a term of greater than 10 years; provided, that,
unless otherwise provided in an Award agreement, upon the death of a
Participant, stock appreciation rights that would otherwise remain exercisable
for a period of time following such death, shall remain exercisable for one year
following death notwithstanding the term of the Award. Upon exercise of a stock
appreciation right unrelated to an Option, the Participant shall be entitled to
receive an amount determined by multiplying (i) the excess of the Fair Market
Value of a share on the date preceding the date of exercise of such stock
appreciation right over the per share exercise price of the stock appreciation
right, by (ii) number of shares of Common Stock as to which the stock
appreciation right is being exercised. Notwithstanding the foregoing, the
Committee may limit in any manner the amount payable with respect to any stock
appreciation right by including such a limit in the agreement evidencing the
stock appreciation right at the time it is granted.

                                       6
<PAGE>

      (e) Form of Payment. Payment of the amount determined under this Section
9(d) may be made in the discretion of the Committee solely in whole shares of
Common Stock in a number determined at their Fair Market Value on the date
preceding the date of exercise of the stock appreciation right, or solely in
cash, or in a combination of cash and shares. If the Committee decides to make
full payment in shares in Common Stock and the amount payable results in a
fractional share, payment for the fractional share will be made in cash.

      10. Non-Employee Director Options

            (a) First Option. Each Non-Employee Director shall be automatically
granted an Option to purchase 7,500 shares of Common Stock (the "First Option")
on the date on which such person first becomes a Non-Employee Director, whether
through election by the stockholders of the Company or appointment by the Board
to fill a vacancy; provided, however, that a member of the Board who ceases to
be an employee of the Company but who remains a member of the Board shall not
receive a First Option and, in addition, a Non-Employee Director who has been
granted stock or options by the Company under a consulting or other arrangement
shall be ineligible to receive any subsequent automatic grants under this
Section 9 unless the Committee determines otherwise.

            (b) Makeup Option. Each Non-Employee Director shall be automatically
granted an Option (the "Makeup Option") to purchase not less than 7,500 and not
more than 12,500 shares of Common Stock on the date the Plan is approved by
stockholders. The actual number of shares exceeding 7,500 will be the product of
5,000 and the percentage increase, if any, in the Fair Market Value per share of
Common Stock on the date the Plan is approved by Stockholders over $9.95, which
was the Fair Market Value per share of Common Stock on March 1, 2004.

            (c) Subsequent Option. Each Non-Employee Director shall be
automatically granted an Option to purchase 7,500 shares of Common Stock (the
"Subsequent Option") on March 1st of each year provided he or she is then a
Non-Employee Director and if, as of such date, he or she shall have served on
the Board for at least the preceding six months.

            (d) Terms of Options. The provisions of First Options, Makeup
Options and Subsequent Options shall include:

      o     a term of 10 years;

      o     an exercise price per share of 100% of the Fair Market Value per
            share of Common Stock on the date of grant; and

      o     the cumulative vesting of options to purchase one-third of the
            shares of Common Stock subject to the Option on the date of grant
            and one-third of the shares subject to the Option on each of the
            first and second anniversaries of the date of grant so that 100% of
            the shares subject to the Option are vested on the second
            anniversary of the grant date.

      11. Special Provisions.

                                       7
<PAGE>

            (a) Change in Control. Unless otherwise provided in an Option
agreement, after a Control Change Date each Option shall be fully exercisable
thereafter in accordance with the terms of the applicable Option agreement. If
not sooner exercisable under the terms of the applicable Option agreement, a
Participant's Option shall become fully vested and fully exercisable (i) as of
his termination of employment if his employment terminates after a Control
Change Date and he is terminated without Cause or following his refusal to
continue his employment at a location that is more than a 50 mile radius from
his principal place of employment prior to the Change of Control or (ii) as of
the date that there is material reduction in the Participant's compensation or
duties if such reduction occurs after a Control Change Date. Notwithstanding any
other provision of the Plan, a Change in Control shall be deemed an Event for
purposes of Section 16(b).

            (b) Deferral. The Committee shall be authorized to establish
procedures pursuant to which the payment of any Award may be deferred. Subject
to the provisions of the Plan and any Award agreement, the recipient of an Award
(including, without limitation, any deferred Award) may, if so determined by the
Committee, be entitled to receive, currently or on a deferred basis, cash
dividends or cash payments in amounts equivalent to cash dividends with respect
to the number of shares of Common Stock covered by the Award, as determined by
the Committee, in its sole discretion, and the Committee may provide that such
amounts (if any) shall be deemed to have been reinvested in additional shares or
otherwise reinvested.

      12. Withholding. Upon (a) disposition of shares of Common Stock acquired
pursuant to the exercise of an Incentive Stock Option granted pursuant to the
Plan within two years of the grant of the Incentive Stock Option or within one
year after exercise of the Incentive Stock Option, or (b) exercise of a
Nonqualified Stock Option (or an Incentive Stock Option treated as a
Nonqualified Stock Option) or the vesting or payment of any other Award under
the Plan or (c) under any other circumstances determined by the Committee in its
sole discretion, the Company shall have the right to require any Participant,
and such Participant by accepting the Awards granted under the Plan agrees, to
pay to the Company the amount of any taxes which the Company shall be required
to withhold with respect thereto.

      13. Nontransferability, Beneficiaries. Unless otherwise determined by the
Committee with respect to the transferability of Nonqualified Stock Options by a
Participant to his Immediate Family Members (or to trusts, partnerships or
limited liability companies established for such family members), no Award shall
be assignable or transferable by the Participant, otherwise than by will or the
laws of descent and distribution or pursuant to a beneficiary designation, and
Options shall be exercisable, during the Participant's lifetime, only by the
Participant (or by the Participant's legal representatives in the event of the
Participant's incapacity). Each Participant may designate a beneficiary to
exercise any Option held by the Participant at the time of the Participant's
death or to be assigned any other Award outstanding at the time of the
Participant's death. If no beneficiary has been named by a deceased Participant,
any Award held by the Participant at the time of death shall be transferred as
provided in his will or by the laws of descent and distribution. Except in the
case of the holder's incapacity, an Option may only be exercised by the holder
thereof.

      14. No Right to Continuous Service. Nothing contained in the Plan or in
any Award under the Plan shall confer upon any Participant any right with
respect to the continuation of service with the Company or any of its Related
Entities, or interfere in any way with the right of the Company or its Related
Entities to terminate his or her Continuous Service at any time.

                                       8
<PAGE>

      15. Governmental Compliance.

            (a) Precondition. Each Award under the Plan shall be subject to the
requirement that if at any time the Committee shall determine that the listing,
registration or qualification of any shares issuable or deliverable thereunder
upon any securities exchange or under any Federal or state law, or the consent
or approval of any governmental regulatory body, is necessary or desirable as a
condition thereof, or in connection therewith, no such grant or award may be
exercised or shares issued or delivered unless such listing, registration,
qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Committee.

            (b) Legend. All certificates for Common Stock delivered under the
Plan pursuant to any Award shall be subject to such stock-transfer orders and
other restrictions as the Committee may deem advisable under the rules,
regulations and other requirements of the Securities and Exchange Commission,
any stock exchange upon which the Common Stock is then listed, and any
applicable Federal or state securities law, and the Committee may cause a legend
or legends to be put on any such certificates to make appropriate reference to
such restrictions.

      16. Adjustments; Corporate Events.

            (a) Triggering Events. In the event of any dividend or other
distribution (whether in the form of cash, Common Stock, other securities, or
other property), recapitalization, reclassification, stock split, reverse stock
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, liquidation, dissolution, or sale, transfer, exchange or other
disposition of all or substantially all of the assets of the Company, or
exchange of Common Stock or other securities of the Company, issuance of
warrants or other rights to purchase Common Stock or other securities of the
Company, or other similar corporate transaction or event (an "Event"), and in
the Committee's opinion, such Event affects the Common Stock such that an
adjustment is determined by the Committee to be appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be
made available under the Plan or with respect to an Award, then the Committee
shall, in such manner as it may deem equitable, adjust any or all of the
following: (i) the number and kind of shares of Common Stock (or other
securities or property) with respect to which Awards may be granted or awarded;
(ii) the number and kind of shares of Common Stock (or other securities or
property) subject to outstanding Awards; and (iii) the grant or exercise price
with respect to any Award. Subject to compliance with applicable laws, rules and
regulations, the Committee's determination under this Section 16(a) shall be
final, binding and conclusive.

            (b) Termination After an Event. Upon the occurrence of an Event in
which outstanding Awards are not to be assumed or otherwise continued following
such an Event, the Committee may, in its discretion, terminate any outstanding
Award without a Participant's consent and (i) provide for either the purchase of
any such Award for an amount of cash equal to the amount that could have been
attained upon the exercise of such Award or realization of the Participant's
rights had such Award been currently exercisable or payable or fully vested or
the replacement of such Award with other rights or property selected by the
Committee in its sole discretion and/or (ii) provide that such Award shall be
exercisable (whether or not vested) as to all shares covered thereby for at
least 30 days prior to such Event.

                                       9
<PAGE>

            (c) No Limit on Company. The existence of the Plan, the Award
agreement and the Awards granted hereunder shall not affect or restrict in any
way the right or power of the Company or the stockholders of the Company to make
or authorize any adjustment, recapitalization, reorganization or other change in
the Company's capital structure or its business, any merger or consolidation of
the Company, any issue of stock or of options, warrants or rights to purchase
stock or of bonds, debentures, preferred or prior preference stocks whose rights
are superior to or affect the Common Stock or the rights thereof or which are
convertible into or exchangeable for Common Stock, or the dissolution or
liquidation of the Company, or any sale or transfer of all or any part of its
assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise.

      17. Award Agreement. Each Award under the Plan shall be evidenced by an
agreement setting forth the terms and conditions, as determined by the
Committee, which shall apply to such Award, in addition to the terms and
conditions specified in the Plan.

      18. Amendment. The Board may amend, suspend or terminate the Plan or any
portion thereof at any time, provided that, (a) no amendment shall be made
without stockholder approval if such approval is necessary to qualify for or
comply with any applicable law, regulation or rule for which or with which the
Board deems it necessary or desirable to qualify or comply, (b) except as
provided in Section 16, no amendment shall be made that would adversely affect
the rights of a Participant under an Award theretofore granted, without such
Participant's written consent and (c) without the affirmative vote of the
holders of shares of Common Stock having a majority of the votes cast on the
proposal, the Plan cannot be amended to permit a reduction in the exercise price
of outstanding Options (which are not Substitute Awards) or to increase the
maximum number of shares for which Awards may be granted under the Plan.

      19. General Provisions.

            (a) Rule 16b-3 Compliance. It is the intent of the Company that the
Plan satisfy, and be interpreted in a manner that satisfies, the applicable
requirements of Rule 16b-3 as promulgated under Section 16 of the Exchange Act
so that Participants will be entitled to the benefit of Rule 16b-3, or any other
rule promulgated under Section 16 of the Exchange Act, and will not be subject
to short-swing liability under Section 16 of the Exchange Act. Accordingly, if
the operation of any provision of the Plan would conflict with the intent
expressed in this Section 18(a), such provision, to the extent possible, shall
be interpreted and/or deemed amended so as to avoid such conflict.

            (b) No Stockholder Rights. Except as otherwise provided by the
Committee in the applicable grant or Award agreement, a Participant shall have
no rights as a stockholder with respect to any shares of Common Stock subject to
an Award until a certificate or certificates evidencing shares of Common Stock
shall have been issued to the Participant and, subject to Section 16, no
adjustment shall be made for dividends or distributions or other rights in
respect of any share for which the record date is prior to the date on which the
Participant shall become the holder of record thereof.

            (c) Governing Law. The law of the State of Delaware shall apply to
all Awards and interpretations under the Plan regardless of the effect of such
state's conflict of laws principles.

                                       10
<PAGE>

            (d) Gender. Where the context requires, words in any gender shall
include any other gender.

            (e) Section Headings. Headings of Sections are inserted for
convenience and reference; they do not constitute any part of this plan.

      20. Expiration of the Plan. Subject to earlier termination pursuant to
Section 18, the Plan shall have an indefinite term; provided that, no Incentive
Stock Options may be granted following the 10-year anniversary of the Effective
Date.

      21. Effective Date; Approval of Shareholders. The Plan is effective as of
the date it is approved by the affirmative vote of the holders of shares of
Common Stock having a majority of the votes cast on the proposal to approve the
Plan at a meeting of stockholders duly held in accordance with the applicable
laws of the State of Delaware (the "Effective Date").

                                       11

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