Document:

EXHIBIT 4.1

                                    AMENDMENT

                  AMENDMENT, dated as of February 1, 2000, by and between NORTH
FORK BANCORPORATION, INC., a Delaware corporation ("NFB"), and JSB FINANCIAL,
INC., a Delaware corporation ("JSB"), to the Stock Option Agreement, dated as of
August 16, 1999 (the "Stock Option Agreement"), by and between NFB and JSB.
Capitalized terms which are not otherwise defined herein shall have the meanings
set forth in the Stock Option Agreement.

                  WHEREAS, on January 14, 2000 an alleged stockholder of JSB
filed a purported class action lawsuit in the Court of Chancery of the State of
Delaware against JSB, the individual members of JSB's Board of Directors and NFB
captioned ELLIOT WOLFSON V. JSB FINANCIAL, INC., ET. AL. (the "Litigation"); and

                  WHEREAS, pursuant to a Stipulation and Agreement of Compromise
and Settlement dated as of February 1, 2000 among the parties to the Litigation,
and in accor dance with Section 14(b) of the Stock Option Agreement, NFB and JSB
have agreed to amend the terms of the Stock Option Agreement as set forth
herein.

                  NOW, THEREFORE, in consideration of the foregoing, and
intending to be legally bound hereby, NFB and JSB agree as follows:

                  7. Section 13 of the Stock Option Agreement is hereby amended
by changing all references to "$30 million" in such Section 13 to "$25 million".

                  8. All references to "this Agreement" in the Stock Option
Agreement shall mean the Stock Option Agreement as amended hereby.

                  9. Each of the parties hereto represents to the other that (i)
it has full corporate power and authority to execute and deliver this Amendment,
(ii) the execution and delivery of this Amendment by such party has been duly
and validly approved by the Board of Directors of such party and no other
corporate proceedings on the part of such party are necessary in connection with
the execution and delivery of this Amendment by such party, and (iii) this
Amendment has been duly and validly executed and delivered by such party and
constitutes a valid and binding obligation of such party, enforceable against
such party in accordance with its terms.

                  10. Except as expressly amended by this Amendment, the Stock
Option Agreement is hereby ratified and confirmed in all respects.

                  11. This Amendment may be executed in counterparts, all of
which shall be considered one and the same agreement, and shall become effective
when counter parts have been signed by each of the parties and delivered to the
other party, it being understood that all parties need not sign the same
counterpart.

                  12. This Amendment shall be governed by, and interpreted in
accordance with, the laws of the State of New York, without regard to conflicts
of laws principles.

<PAGE>

                  IN WITNESS WHEREOF, the parties have caused this Amendment to
be executed by their duly authorized officers as of the 1st day of February,
2000.

                                       NORTH FORK BANCORPORATION, INC.

                                       By:/s/ John Adam Kanas
                                          --------------------------------------
                                           John Adam Kanas
                                           Chairman of the Board, President and
                                             Chief Executive Officer

                                       JSB FINANCIAL, INC.

                                       By:/s/ Edward P. Henson
                                          --------------------------------------
                                           Edward P. Henson
                                           President and Chief Operating Officer

                                        2<PAGE>   1

                                                                     EXHIBIT 4.1

                             MARKETWAVE CORPORATION

                       1997 STOCK OPTION PLAN, AS AMENDED

Adopted by the Board of Directors and the Shareholders on August 19, 1997.
As amended by the Board of Directors on August 21, 1998 and February 3, 1999 and
approved by the Shareholders on February 5, 1999.

<PAGE>   2

                             MARKETWAVE CORPORATION

                             1997 STOCK OPTION PLAN

         1. Purposes of the Plan. The purposes of this 1997 Stock Option Plan
are to attract and retain the best available personnel for positions of
substantial responsibility, to provide additional incentive to Employees and
Consultants of the Company and its Subsidiaries and to promote the success of
the Company's business. Options granted under the Plan may be incentive stock
options (as defined under Section 422 of the Code) or non-statutory stock
options, as determined by the Administrator at the time of grant of an option
and subject to the applicable provisions of Section 422 of the Code, as amended,
and the regulations promulgated thereunder.

         2. Definitions. As used herein, the following definitions shall apply:

            (a) "Administrator" means the Board or any of its Committees
appointed pursuant to Section 4 of the Plan.

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

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

            (d) "Committee" means the Committee appointed by the Board of
Directors in accordance with Section 4(a) of the Plan.

            (e) "Common Stock" means the Common Stock of the Company.

            (f) "Company" means Marketwave Corporation, a Washington
corporation.

            (g) "Consultant" means any person, including an advisor, who is
engaged by the Company or any Parent or Subsidiary to render services and is
compensated for such services, and any director of the Company whether
compensated for such services or not, provided that if and in the event the
Company registers any class of any equity security pursuant to the Exchange Act,
the term Consultant shall thereafter not include directors who are not
compensated for their services or are paid only a director's fee by the Company.

            (h) "Continuous Status as an Employee or Consultant" means the
absence of any interruption or termination of service as an Employee or
Consultant. Continuous Status as an Employee or Consultant shall not be
considered interrupted in the case of: (i) sick leave; (ii) military leave;
(iii) any other leave of absence approved by the Administrator, provided that
such leave is for a period of not more than ninety (90) days, unless
re-employment upon the expiration of such leave is guaranteed by contract or
statute, or unless provided otherwise pursuant to Company policy adopted from
time to time; or (iv) in the case of transfers between locations of the Company
or between the Company, its Subsidiaries or their respective

Adopted by the Board of Directors and the Shareholders on August 19, 1997.
As amended by the Board of Directors on August 21, 1998 and February 3, 1999 and
approved by the Shareholders on February 5, 1999.

<PAGE>   3

successors. For purposes of this Plan, a change in status from an Employee to a
Consultant or from a Consultant to an Employee will not constitute an
interruption of Continuous Status as an Employee or Consultant.

            (i) "Employee" means any person, including officers and directors,
employed by the Company or any Parent or Subsidiary of the Company, with the
status of employment determined based upon such minimum number of hours or
periods worked as shall be determined by the Administrator in its discretion,
subject to any requirements of the Code. The payment of a director's fee by the
Company to a director shall not be sufficient to constitute "employment" of such
director by the Company.

            (j) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

            (k) "Fair Market Value" means, as of any date, the fair market value
of Common Stock determined as follows:

                (i) If the Common Stock is listed on any established stock
         exchange or a national market system including without limitation the
         National Market of the National Association of Securities Dealers, Inc.
         Automated Quotation System ("Nasdaq"), its Fair Market Value shall be
         the closing sales price for such stock (or the closing bid, if no sales
         were reported), as quoted on such system or exchange, or the exchange
         with the greatest volume of trading in Common Stock for the last market
         trading day prior to the time of determination, as reported in The Wall
         Street Journal or such other source as the Administrator deems
         reliable;

                (ii) If the Common Stock is quoted on the Nasdaq (but not on the
         National Market thereof) or regularly quoted by a recognized securities
         dealer but selling prices are not reported, its Fair Market Value shall
         be the mean between the high bid and low asked prices for the Common
         Stock for the last market trading day prior to the time of
         determination, as reported in The Wall Street Journal or such other
         source as the Administrator deems reliable; or

                (iii) In the absence of an established market for the Common
         Stock, the Fair Market Value thereof shall be determined in good faith
         by the Administrator.

            (l) "Incentive Stock Option" means an Option intended to qualify as
an incentive stock option within the meaning of Section 422 of the Code, as
designated in the applicable option agreement.

            (m) "Nonstatutory Stock Option" means an Option not intended to
qualify as an Incentive Stock Option, as designated in the applicable option
agreement.

            (n) "Option" means a stock option granted pursuant to the Plan.

            (o) "Optioned Stock" means the Common Stock subject to an Option.

                                      -2-
<PAGE>   4

            (p) "Optionee" means an Employee or Consultant who receives an
Option.

            (q) "Parent" means a "parent corporation", whether now or hereafter
existing, as defined in Section 424(e) of the Code, or any successor provision.

            (r) "Plan" means this 1997 Stock Option Plan.

            (s) "Reporting Person" means an officer, director, or greater than
ten percent (10%) shareholder of the Company within the meaning of Rule 16a-2
under the Exchange Act, who is required to file reports pursuant to Rule 16a-3
under the Exchange Act.

            (t) "Rule 16b-3" means Rule 16b-3 promulgated under the Exchange
Act, as the same may be amended from time to time, or any successor provision.

            (u) "Share" means a share of the Common Stock, as adjusted in
accordance with Section 11 of the Plan.

            (v) "Stock Exchange" means any stock exchange or consolidated stock
price reporting system on which prices for the Common Stock are quoted at any
given time.

            (w) "Subsidiary" means a "subsidiary corporation," whether now or
hereafter existing, as defined in Section 424(f) of the Code, or any successor
provision.

         3. Stock Subject to the Plan. Subject to the provisions of Section 11
of the Plan, the maximum aggregate number of shares that may be optioned and
sold under the Plan is four million seven hundred fifty thousand (4,750,000)
shares of Common Stock. The shares may be authorized, but unissued, or
reacquired Common Stock. If an Option should expire or become unexercisable for
any reason without having been exercised in full, the unpurchased Shares that
were subject thereto shall, unless the Plan shall have been terminated, become
available for future grant under the Plan. In addition, any shares of Common
Stock which are retained by the Company upon exercise of an Option in order to
satisfy the exercise price for such Option or any withholding taxes due with
respect to such exercise shall be treated as not issued and shall continue to be
available under the Plan.

         4. Administration of the Plan

            (a) Initial Plan Procedure. Prior to the date, if any, upon which
the Company becomes subject to the Exchange Act, the Plan shall be administered
by the Board or a committee appointed by the Board.

            (b) Plan Procedure After the Date, if any, Upon Which the Company
Becomes Subject to the Exchange Act.

                (i) Multiple Administrative Bodies. If permitted by Rule 16b-3,
         the Plan may be administered by different bodies with respect to
         directors, non-director officers and Employees or Consultants who are
         not Reporting Persons.

                                      -3-
<PAGE>   5

                (ii) Administration With Respect to Reporting Persons. With
         respect to grants of Options to Employees who are Reporting Persons,
         the Plan shall be administered by (A) the Board if the Board may
         administer the Plan in compliance with Rule 16b-3 with respect to a
         plan intended to qualify thereunder as a discretionary plan, or (B) a
         committee designated by the Board to administer the Plan, which
         committee shall be constituted in such a manner as to permit the Plan
         to comply with Rule 16b-3 with respect to a plan intended to qualify
         thereunder as a discretionary plan. Once appointed, such committee
         shall continue to serve in its designated capacity until otherwise
         directed by the Board. From time to time the Board may increase the
         size of the committee and appoint additional members thereof, remove
         members (with or without cause) and appoint new members in substitution
         therefor, fill vacancies, however caused, and remove all members of the
         committee and thereafter directly administer the Plan, all to the
         extent permitted by Rule 16b-3 with respect to a plan intended to
         qualify thereunder as a discretionary plan. No person serving as a
         member of an Administrator that has authority with respect to grants to
         Reporting Persons shall be eligible to receive any grant under the Plan
         which would cause such member to cease to be "disinterested" within the
         meaning of Rule 16b-3.

                (iii) Administration With Respect to Consultants and Other
         Employees. With respect to grants of Options to Employees or
         Consultants who are not Reporting Persons, the Plan shall be
         administered by (A) the Board or (B) a committee designated by the
         Board, which committee shall be constituted in such a manner as to
         satisfy the legal requirements relating to the administration of
         incentive stock option plans, if any, of state corporate and securities
         laws, of the Code and of any applicable Stock Exchange (the "Applicable
         Laws"). Once appointed, such Committee shall continue to serve in its
         designated capacity until otherwise directed by the Board. From time to
         time the Board may increase the size of the Committee and appoint
         additional members thereof, remove members (with or without cause) and
         appoint new members in substitution therefor, fill vacancies, however
         caused, and remove all members of the Committee and thereafter directly
         administer the Plan, all to the extent permitted by the Applicable
         Laws.

                  (b) Powers of the Administrator. Subject to the provisions of
the Plan and in the case of a Committee, the specific duties delegated by the
Board to such Committee, and subject to the approval of any relevant
authorities, including the approval, if required, of any Stock Exchange, the
Administrator shall have the authority, in its discretion:

                (i) to determine the Fair Market Value of the Common Stock, in
         accordance with Section 2(k) of the Plan;

                (ii) to select the Consultants and Employees to whom Options may
         from time to time be granted hereunder;

                (iii) to determine whether and to what extent Options are
         granted hereunder;

                                      -4-
<PAGE>   6

                (iv) to determine the number of shares of Common Stock to be
         covered by each such option granted hereunder;

                (v) to approve forms of agreement for use under the Plan;

                (vi) to determine the terms and conditions, not inconsistent
         with the terms of the Plan, of any option granted hereunder;

                (vii) to determine whether and under what circumstances an
         Option may be settled in cash under Section 9(f) instead of Common
         Stock;

                (viii) to reduce the exercise price of any Option to the then
         current Fair Market Value if the Fair Market Value of the Common Stock
         covered by such Option shall have declined since the date the Option
         was granted;

                (ix) to construe and interpret the terms of the Plan and awards
         granted pursuant to the Plan;

                (x) in order to fulfill the purposes of the Plan and without
         amending the Plan, to modify grants of Options to participants who are
         foreign nationals or employed outside of the United States in order to
         recognize differences in local law, tax policies or customs.

            (c) Effect of Administrator's Decision. All decisions,
determinations and interpretations of the Administrator shall be final and
binding on all Optionees.

         5. Eligibility

            (a) Nonstatutory Stock Options may be granted to Employees and
Consultants. Incentive Stock Options may be granted only to Employees. An
Employee or Consultant who has been granted an Option may, if he or she is
otherwise eligible, be granted additional Options.

            (b) Each Option shall be designated in the written option agreement
as either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designations, to the extent that the aggregate Fair Market
Value of the Shares with respect to which Options designated as Incentive Stock
Options are exercisable for the first time by any Optionee during any calendar
year (under all plans of the Company or any Parent or Subsidiary) exceeds
$100,000, such excess Options shall be treated as Nonstatutory Stock Options.

            (c) For purposes of Section 5(b), Incentive Stock Options shall be
taken into account in the order in which they were granted, and the Fair Market
Value of the Shares subject to an Incentive Stock Option shall be determined as
of the date of the grant of such Option.

                                      -5-
<PAGE>   7

            (d) The Plan shall not confer upon any Optionee any right with
respect to continuation of employment or consulting relationship with the
Company, nor shall it interfere in any way with such Optionee's right or the
Company's right to terminate his or her employment or consulting relationship at
any time, with or without cause.

         6. Term of Plan. The Plan shall become effective upon the earlier to
occur of its adoption by the Board of Directors or its approval by the
shareholders of the Company as described in Section 18 of the Plan. It shall
continue in effect for a term of ten (10) years unless sooner terminated under
Section 14 of the Plan.

         7. Term of Option. The term of each Option shall be the term stated in
the Option Agreement; provided, however, that the term shall be no more than ten
(10) years from the date of grant thereof or such shorter term as may be
provided in the Option Agreement. However, in the case of an Option granted to
an Optionee who, at the time the Option is granted, owns stock representing more
than ten percent (10%) of the voting power of all classes of stock of the
Company or any Parent or Subsidiary, the term of the Option shall be five (5)
years from the date of grant thereof or such shorter term as may be provided in
the Option Agreement.

         8.       Option Exercise Price and Consideration

            (a) The per share exercise price for the Shares to be issued
pursuant to exercise of an Option shall be such price as is determined by the
Board, but shall be subject to the following:

                (i) In the case of an Incentive Stock Option that is:

                    (A) granted to an Employee who, at the time of the grant of
such Incentive Stock Option, owns stock representing more than ten percent (10%)
of the voting power of all classes of stock of the Company or any Parent or
Subsidiary, the per Share exercise price shall be no less than one hundred ten
percent (110%) of the Fair Market Value per Share on the date of grant.

                    (B) granted to any Employee, the per Share exercise price
shall be no less than one hundred percent (100%) of the Fair Market Value per
Share on the date of grant.

               (ii) In the case of a Nonstatutory Stock Option that is:

                    (A) granted to a person who, at the time of the grant of
such Option, owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the
per Share exercise price shall be no less than one hundred ten percent (110%) of
the Fair Market Value per Share on the date of the grant.

                    (B) granted to any person, the per Share exercise price
shall be no less than eighty-five percent (85%) of the Fair Market Value per
Share on the date of grant.

                                      -6-
<PAGE>   8

            (b) The consideration to be paid for the Shares to be issued upon
exercise of an Option, including the method of payment, shall be determined by
the Administrator (and, in the case of an Incentive Stock Option, shall be
determined at the time of grant) and may consist entirely of (i) cash, (ii)
check, (iii) promissory note, (iv) other Shares that (x) in the case of Shares
acquired upon exercise of an Option, have been owned by the Optionee for more
than six months on the date of surrender or such other period as may be required
to avoid a charge to the Company's earnings, and (y) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as to
which such Option shall be exercised, (v) authorization for the Company to
retain from the total number of Shares as to which the Option is exercised that
number of Shares having a Fair Market Value on the date of exercise equal to the
exercise price for the total number of Shares as to which the Option is
exercised, (vi) delivery of a properly executed exercise notice together with
such other documentation as the Administrator and the broker, if applicable,
shall require to effect an exercise of the Option and delivery to the Company of
the sale or loan proceeds required to pay the exercise price and any applicable
income or employment taxes, (vii) delivery of an irrevocable subscription
agreement for the Shares that irrevocably obligates the option holder to take
and pay for the Shares not more than twelve months after the date of delivery of
the subscription agreement, (8) any combination of the foregoing methods of
payment, or (9) such other consideration and method of payment for the issuance
of Shares to the extent permitted under Applicable Laws. In making its
determination as to the type of consideration to accept, the Administrator shall
consider if acceptance of such consideration may be reasonably expected to
benefit the Company.

         9. Exercise of Option

            (a) Procedure for Exercise; Rights as a Shareholder. Any Option
granted hereunder shall be exercisable at such times and under such conditions
as determined by the Administrator, including performance criteria with respect
to the Company and/or the Optionee, and as shall be permissible under the terms
of the Plan.

                An Option may not be exercised for a fraction of a Share.

                An Option shall be deemed to be exercised when written notice of
such exercise has been given to the Company in accordance with the terms of the
Option by the person entitled to exercise the Option and the Company has
received full payment for the Shares with respect to which the Option is
exercised. Full payment may, as authorized by the Board, consist of any
consideration and method of payment allowable under Section 8(b) of the Plan.
Until the issuance (as evidenced by the appropriate entry on the books of the
Company or of a duly authorized transfer agent of the Company) of the stock
certificate evidencing such Shares, no right to vote or receive dividends or any
other rights as a shareholder shall exist with respect to the Optioned Stock,
not withstanding the exercise of the Option. The Company shall issue (or cause
to be issued) such stock certificate promptly upon exercise of the Option. No
adjustment will be made for a dividend or other right for which the record date
is prior to the date the stock certificate is issued, except as provided in
Section 11 of the Plan.

                                      -7-
<PAGE>   9

                Exercise of an Option in any manner shall result in a decrease
in the number of Shares that thereafter may be available, both for purposes of
the Plan and for sale under the Option, by the number of Shares as to which the
Option is exercised.

            (b) Termination of Employment or Consulting Relationship. Subject to
Section 9(c), in the event of termination of an Optionee's Continuous Status as
an Employee or Consultant with the Company, such Optionee may, but only within
three (3) months (or such other period of time not less than thirty (30) days as
is determined by the Administrator, with such determination in the case of an
Incentive Stock Option being made at the time of grant of the Option and not
exceeding three (3) months) after the date of such termination (but in no event
later than the expiration date of the term of such Option as set forth in the
Option Agreement), exercise his or her Option to the extent that the Optionee
was entitled to exercise it at the date of such termination. To the extent that
Optionee was not entitled to exercise the Option at the date of such
termination, or if Optionee does not exercise such Option to the extent so
entitled within the time specified herein, the Option shall terminate. No
termination shall be deemed to occur and this Section 9(b) shall not apply if
(i) the Optionee is a Consultant who becomes an Employee; or (ii) the Optionee
is an Employee who becomes a Consultant.

            (c) Disability of Optionee. Notwithstanding the provisions of
Section 9(b) above, in the event of termination of an Optionee's Continuous
Status as an Employee or Consultant as a result of his or her total and
permanent disability (within the meaning of Section 22(e)(3) of the Code),
Optionee may, but only within twelve (12) months from the date of such
termination (but in no event later than the expiration date of the term of such
Option as set forth in the Option Agreement), exercise the Option to the extent
otherwise entitled to exercise it at the date of such termination. To the extent
that Optionee was not entitled to exercise the Option at the date of
termination, or if Optionee does not exercise such Option to the extent so
entitled within the time specified herein, the Option shall terminate.

            (d) Death of Optionee. In the event of the death of an Optionee
during the period of Continuous Status as an Employee or Consultant, or within
thirty (30) days following the termination of the Optionee's Continuous Status
as an Employee or Consultant, the Option may be exercised, at any time within
six (6) months following the date of death (but in no event later than the
expiration date of the term of such Option as set forth in the Option
Agreement), by the Optionee's estate or by a person who acquired the right to
exercise the Option by bequest or inheritance, but only to the extent the
Optionee was entitled to exercise the Option at the date of death or, if
earlier, the date of termination of the Continuous Status as an Employee or
Consultant. To the extent that Optionee was not entitled to exercise the Option
at the date of death or termination, as the case may be, or if Optionee does not
exercise such Option to the extent so entitled within the time specified herein,
the Option shall terminate.

            (e) Rule 16b-3. Options granted to Reporting Persons shall comply
with Rule 16b-3 and shall contain such additional conditions or restrictions as
may be required thereunder to qualify for the maximum exemption for Plan
transactions.

                                      -8-
<PAGE>   10

             (f) Buyout Provisions. The Administrator may at any time offer to
buy out for a payment in cash or Shares, an Option previously granted, based on
such terms and conditions as the Administrator shall establish and communicate
to the Optionee at the time that such offer is made.

         10. Stock Withholding to Satisfy Withholding Tax Obligations. At the
discretion of the Administrator, Optionees may satisfy withholding obligations
as provided in this paragraph. When an Optionee incurs tax liability in
connection with an Option, which tax liability is subject to tax withholding
under applicable tax laws, and the Optionee is obligated to pay the Company an
amount required to be withheld under applicable tax laws, the Optionee may
satisfy the withholding tax obligation by one or some combination of the
following methods: (a) by cash payment, or (b) out of Optionee's current
compensation, (c) if permitted by the Administrator, in its discretion, by
surrendering to the Company Shares that (i) in the case of Shares previously
acquired from the Company, have been owned by the Optionee for more than six (6)
months on the date of surrender, and (ii) have a fair market value on the date
of surrender equal to or less than Optionee's marginal tax rate times the
ordinary income recognized, or (d) by electing to have the Company withhold from
the Shares to be issued upon exercise of the Option, if any, that number of
Shares having a fair market value equal to the amount required to be withheld.
For this purpose, the fair market value of the Shares to be withheld shall be
determined on the date that the amount of tax to be withheld is to be determined
(the "Tax Date").

                 Any surrender by a Reporting Person of previously owned Shares
to satisfy tax withholding obligations arising upon exercise of this Option must
comply with the applicable provisions of Rule 16b-3 and shall be subject to such
additional conditions or restrictions as may be required thereunder to qualify
for the maximum exemption from Section 16 of the Exchange Act with respect to
Plan transactions.

                 All elections by an Optionee to have Shares withheld to satisfy
tax withholding obligations shall be made in writing in a form acceptable to the
Administrator and shall be subject to the following restrictions:

             (a) the election must be made on or prior to the applicable Tax
Date;

             (b) once made, the election shall be irrevocable as to the
particular Shares of the Option as to which the election is made;

             (c) all elections shall be subject to the consent or disapproval of
the Administrator;

             (d) if the Optionee is a Reporting Person, the election must comply
with the applicable provisions of Rule 16b-3 and shall be subject to such
additional conditions or restrictions as may be required thereunder to qualify
for the maximum exemption from Section 16 of the Exchange Act with respect to
Plan transactions.

                 In the event the election to have Shares withheld is made by an
Optionee and the Tax Date is deferred under Section 83 of the Code because no
election is filed under

                                      -9-
<PAGE>   11

Section 83(b) of the Code, the Optionee shall receive the full number of Shares
with respect to which the Option is exercised but such Optionee shall be
unconditionally obligated to tender back to the Company the proper number of
Shares on the Tax Date.

         11. Adjustments Upon Changes in Capitalization; Corporate Transactions

             (a) Changes in Capitalization. Subject to any required action by
the shareholders of the Company, the number of shares of Common Stock covered by
each outstanding Option, and the number of shares of Common Stock that have been
authorized for issuance under the Plan but as to which no Options have yet been
granted or that have been returned to the Plan upon cancellation or expiration
of an Option, as well as the price per share of Common Stock covered by each
such outstanding Option, shall be proportionately adjusted for any increase or
decrease in the number of issued shares of Common Stock resulting from a stock
split, reverse stock split, stock dividend, combination, recapitalization or
reclassification of the Common Stock, or any other increase or decrease in the
number of issued shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration." Such adjustment shall be made by the Board,
whose determination in that respect shall be final, binding and conclusive.
Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an Option.

             (b) Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, the Option will terminate immediately
prior to the consummation of such proposed action, unless otherwise provided by
the Administrator. The Administrator may, in the exercise of its sole discretion
in such instances, declare that any Option shall terminate as of a date fixed by
the Administrator and give each Optionee the right to exercise his or her Option
as to all of the Optioned Stock, including Shares as to which the Option would
not otherwise be exercisable.

             (c) Acquisition, Merger or Change in Control

                 In the event of a proposed sale of all or substantially all of
the assets of the Company, or the merger of the Company with or into another
corporation, or other change in control (a "Change in Control"), the
exercisability of each outstanding Option shall automatically be accelerated
completely so that one hundred percent (100%) of the number of shares of Common
Stock covered by such Option shall be fully vested upon the consummation of the
Change in Control; provided, however, that a transaction for the purpose of
reincorporation in another jurisdiction or change of corporate form shall not
constitute a Change of Control for purposes of this Plan.

         12. Non-Transferability of Options. Options may not be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by
will or by the laws of descent or distribution and may be exercised or purchased
during the lifetime of the Optionee, only by the Optionee.

                                      -10-
<PAGE>   12

         13. Time of Granting Options. The date of grant of an Option shall, for
all purposes, be the date on which the Administrator makes the determination
granting such Option, or such other date as is determined by the Board. Notice
of the determination shall be given to each Employee or Consultant to whom an
Option is so granted within a reasonable time after the date of such grant.

         14. Amendment and Termination of the Plan

             (a) Amendment and Termination. The Board may at any time amend,
alter, suspend or discontinue the Plan, but no amendment, alteration, suspension
or discontinuation shall be made that would impair the rights of any Optionee
under any grant theretofore made, without his or her consent. In addition, to
the extent necessary and desirable to comply with Rule 16b-3 or with Section 422
of the Code (or any other applicable law or regulation, including the
requirements of any Stock Exchange), the Company shall obtain shareholder
approval of any Plan amendment in such a manner and to such a degree as
required.

             (b) Effect of Amendment or Termination. No amendment or termination
of the Plan shall adversely affect Options already granted, unless mutually
agreed otherwise between the Optionee and the Board, which agreement must be in
writing and signed by the Optionee and the Company.

         15. Conditions Upon Issuance of Shares. Shares shall not be issued
pursuant to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares pursuant thereto shall comply with all
relevant provisions of law, including, without limitation, the Securities Act of
1933, as amended, the Exchange Act, the rules and regulations promulgated
thereunder, and the requirements of any Stock Exchange.

             As a condition to the exercise of an Option, the Company may
require the person exercising such Option to represent and warrant at the time
of any such exercise that the Shares are being purchased only for investment and
without any present intention to sell or distribute such Shares if, in the
opinion of counsel for the Company, such a representation is required by law.

         16. Reservation of Shares. The Company, during the term of this Plan,
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan. The inability of the Company
to obtain authority from any regulatory body having jurisdiction, which
authority is deemed by the Company's counsel to be necessary to the lawful
issuance and sale of any Shares hereunder, shall relieve the Company of any
liability in respect of the failure to issue or sell such Shares as to which
such requisite authority shall not have been obtained.

         17. Agreements. Options shall be evidenced by written agreements in
such form as the Administrator shall approve from time to time.

         18. Shareholder Approval. Continuance of the Plan shall be subject to
approval by the shareholders of the Company within twelve (12) months before or
after the date the Plan is

                                      -11-
<PAGE>   13

adopted. Such shareholder approval shall be obtained in the degree and manner
required under applicable state and federal law and the rules of any Stock
Exchange upon which the Common Stock is listed. All Options issued under the
Plan shall become void in the event such approval is not obtained.

         19. Information to Optionees. To the extent required by Applicable
Laws, the Company shall provide financial statements at least annually to each
Optionee during the period such Optionee has one or more Options outstanding.
The Company shall not be required to provide such information if the issuance of
Options under the Plan is limited to key employees whose duties in connection
with the Company assure their access to equivalent information.

                                      -12-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]