Document:

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                                                                     Exhibit 4.9

                           EDGEWATER TECHNOLOGY, INC.
                        1999 EMPLOYEE STOCK PURCHASE PLAN

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                                    ARTICLE I
                                  Introduction

     Sec. 1.01 Statement of Purpose. The purpose of the Edgewater Technology,
Inc. Employee Stock Purchase Plan is to provide eligible employees of the
Company and its subsidiaries, who wish to become shareholders, an opportunity to
purchase common stock of the Company. The Board of Directors of the Company
believes that employee participation in stock ownership will be to the mutual
benefit of the employees and the Company.

     Sec. 1.02 Internal Revenue Code Considerations. The Plan is intended to
constitute an "employee stock purchase plan" within the meaning of section 423
of the Internal Revenue Code of 1986, as amended. The Plan shall be submitted to
the Company's shareholders for approval within 12 months after the Plan is
adopted by the Board of Directors.

     Sec. 1.03 ERISA Considerations. The Plan is not intended and shall not be
construed as constituting an "employee benefit plan," within the meaning of
section 3(3) of the Employee Retirement Income Security Act of 1974, as amended.

                                   ARTICLE II
                                   Definitions

     Sec. 2.01 "Board of Directors " means the board of directors of the Company
or a committee of the board of directors authorized to act on its behalf.

     Sec. 2.02 "Code " means the Internal Revenue Code of 1986, as amended, and
any successor statute of similar nature. References to specific sections of the
Code shall be taken to be references to corresponding sections of any successor
statute.

     Sec. 2.03 "Committee " means the committee appointed by the Board of
Directors to administer the Plan, as provided in Section 6.03 hereof.

     Sec. 2.04 "Company " means Edgewater Technology, Inc., a Delaware
corporation.

     Sec. 2.05 "Effective Date" means October 1, 1999.

     Sec. 2.06 "Election Date " means each January 1 and July 1 or such other
dates as the Committee shall specify.

     Sec. 2.07 "Eligible Employee" means each person employed as an employee of
an Employer who is not deemed for purposes of section 423(b)(3) of the Code to
own stock possessing five percent or more of the total combined voting power or
value of all classes of stock of the Company or any Subsidiary.

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     Sec. 2.08 "Employer" means the Company and each Subsidiary.

     Sec. 2.09 "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and as the same may hereafter be amended.

     Sec. 2.10 "Market Value" means the last price for the Stock as reported on
the Nasdaq National Market for the date of reference. If there was no such price
reported for the date of reference, "Market Value" means the "Market Value" as
of the date next preceding the date of reference for which such price was
reported.

     Sec. 2.11 "Participant" means each Eligible Employee who elects to
participate in the Plan.

     Sec. 2.12 "Plan" means the Edgewater Technology, Inc. 1999 Employee Stock
Purchase Plan, as the same is set forth herein and as the same may hereafter be
amended.

     Sec. 2.13 "Purchase Agreement" means the instrument prescribed by the
Committee pursuant to which an Eligible Employee may enroll as a Participant and
subscribe for the purchase of shares of Stock on the terms and conditions
offered by the Company. The Purchase Agreement also is intended to evidence the
Company's offer of an option to the Eligible Employee to purchase Stock on the
terms and conditions set forth therein and herein.

     Sec. 2.14 "Purchase Date" means December 31, 1999 and the last day of each
Purchase Period ending thereafter.

     Sec. 2.15 "Purchase Period " means, beginning October 1, 1999, each
calendar quarter or other period specified by the Board of Directors during
which the Participant's stock purchase is funded through payroll deduction
accumulations.

     Sec. 2.16 "Stock" means the common stock of the Company.

     Sec. 2.17 "Subsidiary " means any present or future corporation (i) which
constitutes a "subsidiary corporation" of the Company as that term is defined in
section 424 of the Code, and (ii) is designated as a participating entity in the
Plan by the Committee. Unless the Committee specifically designates otherwise, a
Canadian or other foreign subsidiary shall not be considered a Subsidiary for
purposes of the Plan, and employees of such a subsidiary shall not be Eligible
Employees.

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                                   ARTICLE III
                           Admission to Participation

     Sec. 3.01 Initial Participation. Any Eligible Employee may elect to be
participate in the Plan and may become a Participant by executing and filing
with the Committee a Purchase Agreement at such time in advance of the effective
date of the election as the Committee shall prescribe. An Eligible Employee's
initial election to participate in the Plan may be made at any time after he or
she first becomes eligible to participate in the Plan and shall be effective as
soon as practicable after the Eligible Employee submits the necessary
documentation to the Committee. After an Eligible Employee has first become a
Participant in the Plan, subsequent elections to participate in the Plan shall
be made pursuant to Section 3.03. A Participant's Purchase Agreement shall
remain in effect until modified or canceled in accordance with the further terms
of this Plan, as hereinafter set forth.

     Sec. 3.02 Discontinuance of Participation. A Participant may voluntarily
cease his or her participation in the Plan and stop payroll deductions at any
time by filing a notice of cessation of participation on such form and at such
time in advance of the effective date as the Committee shall prescribe.
Notwithstanding anything in the Plan to the contrary, if a Participant ceases to
be an Eligible Employee, his or her participation automatically shall cease and
no further purchase of Stock shall be made for such Participant hereunder.

     Sec. 3.03 Readmission to Participation. Any Eligible Employee who has
previously been a Participant, who has discontinued participation (whether by
cessation of eligibility or otherwise), and who wishes to be reinstated as a
Participant may again become a Participant by executing and filing with the
Committee a new Purchase Agreement. Reinstatement to Participant status shall be
effective as of any Election Date, provided the Participant files such new
Purchase Agreement with the Committee at such time in advance of such Election
Date as the Committee shall prescribe.

                                   ARTICLE IV
                            Stock Purchase and Resale

     Sec. 4.01 Reservation of Shares. There shall be 700,000 shares of Stock
reserved for issuance under the Plan, plus any shares of Stock that were
authorized for issuance under the Company's prior Employee Stock Purchase Plan
(which terminates after the end of the purchase period ending
September 30, 1999) and were not issued under that Plan, subject to adjustment
in accordance with the antidilution provisions hereinafter set forth. Except as
provided in Section 5.02 hereof, the aggregate number of shares of Stock that
may be purchased under the Plan shall not exceed the number of shares of Stock
reserved for the Plan.

     Sec. 4.02 Limitation on Shares Available.

               (a) Subject to the limitations of Section 4.04, the maximum
number of shares of Stock that may be purchased for each Participant on a
Purchase Date is the lesser

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of (a) the number of whole and fractional shares of Stock that can be purchased
by applying the full balance of the Participant's withheld funds to the purchase
of shares of Stock at the Purchase Price, or (b) the Participant's proportionate
part of the maximum number of shares of Stock available under the Plan, as
stated in Section 4.01.

               (b) Notwithstanding the foregoing, if any person entitled to
purchase shares pursuant to any offering under the Plan would be deemed for
purposes of section 423(b)(3) of the Code to own stock (including any number of
shares of Stock that such person would be entitled to purchase under the Plan)
possessing five percent or more of the total combined voting power or value of
all classes of stock of Company, the maximum number of shares of Stock that such
person shall be entitled to purchase pursuant to the Plan shall be reduced to
that number which, when added to the number of shares of stock that such person
is deemed to own (excluding any number of shares of Stock that such person would
be entitled to purchase under the Plan), is one less than such five percent. Any
amounts withheld from a Participant's compensation that cannot be applied to the
purchase of Stock by reason of the foregoing limitation shall be returned to the
Participant as soon as practicable.

     Sec. 4.03 Purchase Price of Shares. The Purchase Price per share of the
Stock sold to Participants pursuant to any offering hereunder shall be the lower
of (i) 85% of the Market Value per share on the first day of the Purchase Period
or (ii) 85% of the Market Value per share on the Purchase Date. Notwithstanding
the foregoing, the Board of Directors may determine that the Purchase Price
shall be the Market Value, or a percentage of the Market Value on either of such
dates or the lower of such dates, so long as such percentage shall not be lower
than 85% of such Market Value.

     Sec. 4.04 Exercise of Purchase Privilege.

               (a) Each Participant shall be granted an option to purchase
shares of Stock as of the first day of each Purchase Period at the Purchase
Price specified in Section 4.03. The option shall continue in effect through the
Purchase Date for the Purchase Period. Subject to the provisions of Section 4.02
above and Sections 4.04(b) and 4.04(d) below, on each Purchase Date, the
Participant shall be automatically deemed to have exercised his or her option to
purchase shares of Stock on the Purchase Date, unless he or she notifies the
Committee, in such manner and at such time in advance of the Purchase Date as
the Committee shall prescribe, of his or her desire not to make such purchase.

               (b) The maximum number of shares which a Participant may purchase
during a Purchase Period is 4,000 shares, adjusted as described in Section 5.02
and subject to Section 4.04(d) below, or such other number as the Committee
establishes before the beginning of the Purchase Period.

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               (c) There shall be purchased for the Participant on such Purchase
Date at the Purchase Price for such Purchase Period the largest number of whole
and fractional shares of Stock as can be purchased with the amounts withheld
from the Participant's compensation during the Purchase Period. Each such
purchase shall be deemed to have occurred on the Purchase Date occurring at the
close of the Purchase Period for which the purchase was made.

               (d) Notwithstanding the foregoing, a Participant may not purchase
shares of Stock having an aggregate Market Value of more than $25,000,
determined at the beginning of each Purchase Period, for any calendar year in
which one or more such offerings are outstanding at any time, and a Participant
may not purchase a share of Stock under any offering after the expiration of the
Purchase Period for such offering.

     Sec. 4.05 Payroll Deductions. Each Participant shall authorize payroll
deductions from his or her compensation for the purpose of funding the purchase
of Stock pursuant to his or her Purchase Agreement. In the Purchase Agreement,
each Participant shall authorize an after-tax payroll deduction from each
payment of his compensation during a Purchase Period, of an amount not less than
$10 per paycheck ($20 for any Participant on a monthly payroll period) and not
more than 10% of such Participant's compensation. A Participant may change the
deduction to any permissible level effective as of any Election Date. Such
change shall be made by the Participant's filing with the Committee a notice in
such form and at such time in advance of the date on which such change is to be
effective as the Committee shall prescribe.

     Sec. 4.06 Payment for Stock. The Purchase Price for all shares of Stock
purchased by a Participant under the Plan shall be paid out of the Participant's
authorized payroll deductions. All funds received or held by the Company under
the Plan are general assets of the Company, free of any trust or other
restriction, and may be used for any corporate purpose.

     Sec. 4.07 Share Ownership; Issuance of Certificates.

               (a) The shares of Stock purchased by a Participant on a Purchase
Date shall, for all purposes, be deemed to have been issued or sold at the close
of business on such Purchase Date. Prior to that time, none of the rights or
privileges of a shareholder of the Company shall inure to the Participant with
respect to such shares of Stock. All the shares of Stock purchased under the
Plan shall be delivered by the Company in a manner as determined by the
Committee.

               (b) The Committee, in its sole discretion, may determine that the
shares of Stock shall be delivered by the Company by (i) issuing and delivering
to the Participant a certificate for the number of shares of Stock purchased by
such Participant on a

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Purchase Date or during a calendar year or other period determined by the
Committee, (ii) issuing and delivering a certificate or certificates for the
number of shares of Stock purchased by all Participants on a Purchase Date or
during a calendar year or other period determined by the Committee to a firm
which is a member of the National Association of Securities Dealers, as selected
by the Committee from time to time, which shares shall be maintained by such
firm in separate brokerage accounts of each Participant, or (iii) issuing and
delivering a certificate or certificates for the number of shares of Stock
purchased by all Participants on a Purchase Date or during the calendar year or
other period determined by the Committee to a bank or trust company or affiliate
thereof, as selected by the Committee from time to time, which shares may be
held by such bank or trust company or affiliate in "street name", but with
separate accounts maintained by such entity for each Participant reflecting such
Participant's whole share interests in the Stock. Each certificate or account,
as the case may be, may be in the name of the Participant or, if he or she
designates on the Participant's Purchase Agreement, in the Participant's name
jointly with the Participant's spouse, with right of survivorship. A Participant
who is a resident of a jurisdiction that does not recognize such joint tenancy
may have a certificate or account in the Participant's name as tenant in common
with the Participant's spouse, without right of survivorship. Such designation
may be changed by filing notice thereof.

               (c) In addition to any restrictions or limitations on the resale
of Stock purchased under the Plan set forth in Section 4.08 hereof or otherwise
hereunder, the Committee, in its sole discretion, may impose such restrictions
or limitations, as it shall determine, on the resale of Stock, the issuance of
individual stock certificates or withdrawal from any shareholder accounts
established for a Participant pursuant to the terms hereof.

               (d) Any dividends payable with respect to whole or fractional
shares of Stock credited to a shareholder account of a Participant established
pursuant to Section 4.07(b) hereof will be reinvested in shares of Stock and
credited to such Participant's account. Such reinvestment shall be made based on
the Market Value of the Stock at the date of the reinvestment, with no discount
from Market Value.

     Sec. 4.08 Withdrawal of Shares or Resale of Stock.

               (a) This Subsection (a) shall be effective on or after June 1,
2002. A Participant may request a withdrawal or order the sale of shares of
Stock from any shareholder account established pursuant to Section 4.07(b)
hereof at any time by making a request in such form and at such time as the
Committee shall prescribe. In the event a Participant terminates his or her
employment with all Employers or otherwise ceases to be an Eligible Employee, he
or she shall receive a distribution of his or her shares of Stock held in any
shareholder account established pursuant to Section 4.07(b), or he or she may
elect to have such shares of Stock sold in accordance with such procedures as
the Committee shall prescribe.

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               (b) This Subsection (b) shall be effective prior to June 1, 2002.
A Participant may not sell any shares of Stock purchased hereunder or withdraw
his or her shares of Stock from any shareholder account established pursuant to
Section 4.07(b) hereof prior to the first anniversary of the Purchase Date on
which the shares were purchased. After the first anniversary of the Purchase
Date for shares of Stock, the Participant may request a withdrawal of those
shares or order the sale of those shares at any time by making a request in such
form and at such time as the Committee shall prescribe. In the event a
Participant terminates his or her employment with all Employers or otherwise
ceases to be an Eligible Employee, he or she shall receive a distribution of his
or her shares of Stock held in any shareholder account established pursuant to
Section 4.07(b) after the first anniversary of the Purchase Date on which the
shares were purchased or, after such first anniversary, he or she may elect to
have such shares of Stock sold in accordance with such procedures as the
Committee shall prescribe.

               (c) If a Participant is to receive a withdrawal or distribution
of shares of Stock, the withdrawal or distribution shall be paid in whole shares
of Stock, with fractional shares paid in cash.

                                    ARTICLE V
                               Special Adjustments

     Sec. 5.01 Shares Unavailable. If, on any Purchase Date, the aggregate funds
available for the purchase of Stock would purchase a number of shares in excess
of the number of shares of Stock then available for purchase under the Plan, the
following events shall occur:

               (a) The number of shares of Stock that would otherwise be
purchased by each Participant shall be proportionately reduced on the Purchase
Date in order to eliminate such excess; and

               (b) The Plan shall automatically terminate immediately after the
Purchase Date as of which the supply of available shares is exhausted.

     Sec. 5.02 Anti-Dilution Provisions. The aggregate number of shares of Stock
reserved for purchase under the Plan, as hereinabove provided, and the
calculation of the Purchase Price per share may be appropriately adjusted to
reflect any increase or decrease in the number of issued shares of Stock
resulting from a subdivision or consolidation of shares or other capital
adjustment, or the payment of a stock dividend, or other increase or decrease in
such shares, if effected without receipt of consideration by the Company. Any
such adjustment shall be made by the Committee acting with the consent of, and
subject to the approval of, the Board of Directors.

     Sec. 5.03 Effect of Certain Transactions. Subject to any required action by
the shareholders, if the Company shall be the surviving or resulting corporation
in any merger or consolidation, any offering hereunder shall pertain to and
apply to the shares of stock of the Company. However, in the event of a
dissolution or liquidation of the Company, or of a

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merger or consolidation in which the Company is not the surviving or resulting
corporation, the Plan and any offering hereunder shall terminate upon the
effective date of such dissolution, liquidation, merger or consolidation, and
the balance of any amounts withheld from the Participant's compensation, which
had not by such time been applied to the purchase of stock shall be returned to
the Participant.

                                   ARTICLE VI
                                 Miscellaneous.

     Sec. 6.01 Non-Alienation. The right to purchase shares of Stock under the
Plan is personal to the Participant, is exercisable only by the Participant
during the Participant's lifetime except as hereinafter set forth, and may not
be assigned or otherwise transferred by the Participant. Notwithstanding the
foregoing, there shall be delivered to the executor, administrator or other
personal representative of a deceased Participant such shares of Stock and such
residual amounts as may remain to the Participant's credit from amounts withheld
from the Participant's compensation as of the Purchase Date occurring at the
close of the period in which the Participant's death occurs, including shares of
Stock purchased as of that date or prior thereto with moneys withheld from the
Participant's compensation.

     Sec. 6.02 Administrative Costs. The Company shall pay all administrative
expenses associated with the operation of the Plan.

     Sec. 6.03 The Committee. The Board of Directors shall appoint a Committee,
which shall have the authority and power to administer the Plan and to make,
adopt, construe, and enforce rules and regulations not inconsistent with the
provisions of the Plan. The Committee shall adopt and prescribe the contents of
all forms required in connection with the administration of the Plan, including,
but not limited to, the Purchase Agreement, payroll withholding authorizations,
withdrawal documents, and all other notices required hereunder. The Committee
shall have the fullest discretion permissible under law in the discharge of its
duties. The Committee's interpretations and decisions in respect of the Plan,
the rules and regulations pursuant to which it is operated, and the rights of
Participants hereunder shall be final and conclusive.

     Sec. 6.04 Withholding of Taxes. All acquisitions of Stock under the Plan
shall be subject to applicable federal, state and local tax withholding
requirements if the Internal Revenue Service or other taxing authority requires
such withholding. The Company may require that Participants pay to the Company
(or make other arrangements satisfactory to the Company for the payment of) the
amount of any federal, state or local taxes that the Company is required to
withhold with respect to the purchase of Stock or the sale of Stock acquired
under the Plan, or the Company may deduct from the Participant's wages or other
compensation the amount of any withholding taxes dues with respect to the
purchase of Stock or the sale of Stock acquired under the Plan.

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     Sec. 6.05 Amendment of the Plan. The Board of Directors (or its delegate)
may amend or terminate the Plan at any time; provided, however, that the Board
of Directors (or its delegate) shall not amend the Plan without stockholder
approval if such approval is required by section 423 of the Code.

     Sec. 6.06 Expiration and Termination of the Plan. The Plan shall continue
in effect for 10 years from the Effective Date, unless terminated prior thereto
pursuant to the provisions of the Plan or pursuant to action by the Board of
Directors, which shall have the right to terminate the Plan at any time without
prior notice to any Participant and without liability to any Participant. Upon
the expiration or termination of the Plan, the balance, if any, then standing to
the credit of each Participant from amounts withheld from the Participant's
compensation which had not, by such time, been applied to the purchase of Stock
shall be refunded to the Participant.

     Sec. 6.07 Repurchase of Stock. The Company shall not be required to
purchase or repurchase from any Participant any of the shares of Stock that the
Participant acquired under the Plan.

     Sec. 6.08 Notice. A Purchase Agreement and any notice that a Participant
files pursuant to the Plan shall be on the form prescribed by the Committee and
shall be effective only when received by the Committee. Delivery of such forms
may he made by hand or by certified mail, sent postage prepaid, to Edgewater
Technology, Inc., 20 Harvard Mill Square, Wakefield MA 81880 Attention: Employee
Stock Purchase Plan Administrator. Delivery by any other mechanism shall be
deemed effective at the option and discretion of the Committee.

     Sec. 6.09 Government Regulation. The Company's obligation to sell and to
deliver the Stock under the Plan is at all times subject to all approvals of any
governmental authority required in connection with the authorization, issuance,
sale or delivery of such Stock.

     Sec. 6.10 Headings, Captions, Gender. The headings and captions herein are
for convenience of reference only and shall not be considered as part of the
text. The masculine shall include the feminine, and vice versa.

     Sec. 6.11 Severability of Provisions, Prevailing Law. The provisions of the
Plan shall be deemed severable. In the event any such provision is determined to
be unlawful or unenforceable by a court of competent jurisdiction or by reason
of a change in an applicable statute, the Plan shall continue to exist as though
such provision had never been included therein (or, in the case of a change in
an applicable statute, had been deleted as of the date of such change). The Plan
shall be governed by the laws of the State of Delaware to the extent such laws
are not in conflict with, or superseded by, federal law.

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                               - - - - - - - - - -

     The Plan was approved by the Company's stockholders on May 22, 2002.

     The Plan was amended by the Board effective June 28, 2000 to change the
name of the Plan to the "Edgewater Technology, Inc. 1999 Employee Stock Purchase
Plan, which amendment did not require stockholder approval. Section 4.08 of the
Plan was amended by the Board on May 22, 2002, which amendment did not require
stockholder approval.<PAGE>

                                                                     Exhibit 4.9

                           EDGEWATER TECHNOLOGY, INC.

                   AMENDED AND RESTATED 2000 STOCK OPTION PLAN

SECTION 1. PURPOSE. The Plan (i) authorizes the Committee to provide to
Employees and Consultants of the Corporation and its Subsidiaries, who are in a
position to contribute materially to the long-term success of the Corporation,
with grants of options to acquire common stock, par value $.01 per share, of the
Corporation, and (ii) provides for the automatic grant of options to
Non-Employee Directors of the Corporation, in accordance with the terms
specified herein. The Corporation believes that this incentive program will
cause those persons to increase their interest in the Corporation's welfare, and
aid in attracting and retaining Employees, Consultants and Directors of
outstanding ability.

SECTION 2. DEFINITIONS. Unless the context clearly indicates otherwise, the
following terms, when used in this Plan, shall have the meanings set forth in
this Section:

          (a)  "Board" shall mean the Board of Directors of the Corporation.

          (b)  "Cause" shall mean, except to the extent specified otherwise by
     the Committee, a finding of the Committee that the Grantee (i) has breached
     his or her employment or service contract with the Corporation or its
     Subsidiaries, (ii) has engaged in disloyalty to the Corporation or its
     Subsidiaries, including, without limitation, fraud, embezzlement, theft,
     commission of a felony or proven dishonesty in the course of his or her
     employment or service, (iii) has disclosed trade secrets or confidential
     information of the Corporation or its Subsidiaries to persons not entitled
     to receive such information, (iv) has breached any noncompetition or
     nonsolicitation agreement between the Corporation or its Subsidiaries and
     the Grantee, or (v) has engaged in such other behavior detrimental to the
     interests of the Corporation or its Subsidiaries as the Committee
     determines.

          (c)  A "Change in Control" shall be deemed to have occurred if:

              (i) any person, other than the Corporation or an employee benefit
          plan of the Corporation, acquires, directly or indirectly, the
          beneficial ownership of any voting security of the Corporation and
          immediately after such acquisition such person is, directly or
          indirectly, the beneficial owner of voting securities representing 50%
          or more of the total voting power of the then-outstanding voting
          securities of the Corporation;

              (ii) the individuals (A) who, as of the adoption of this Plan,
          constitute the Board (the "Original Directors") or (B) who thereafter
          are elected to the Board and whose election, or nomination for
          election, to the Board was approved by a vote of at least two-thirds
          (2/3) of the Original Directors then still in office (such directors
          becoming "Additional Original Directors" immediately following their
          election) or (C) who are elected to the Board and whose election, or
          nomination for election, to the Board was approved by a vote of at
          least two-thirds (2/3) of the Original Directors and Additional
          Original Directors then still in office (such

                                       1

<PAGE>

          directors also becoming "Additional Original
          Directors" immediately following their election), cease for
          any reason to constitute a majority of the members of the
          Board;

              (iii) the stockholders of the Corporation shall approve a merger,
          consolidation, recapitalization, or reorganization of the Corporation,
          a reverse stock split of outstanding voting securities, or
          consummation of any such transaction if stockholder approval is not
          sought or obtained, other than any such transaction which would result
          in at least 75% of the total voting power represented by the voting
          securities of the surviving entity outstanding immediately after such
          transaction being beneficially owned by at least 75% of the holders of
          outstanding voting securities of the Corporation immediately prior to
          the transaction, with the voting power of each such continuing holder
          relative to other such continuing holders not substantially altered in
          the transaction; or

              (iv) the stockholders of the Corporation shall approve a plan of
          complete liquidation of the Corporation or an agreement for the sale
          or disposition by the Corporation of all or a substantial portion of
          the Corporation's assets (i.e. 50% or more of the total assets of the
          Corporation).

          (d)  "Code" shall mean the Internal Revenue Code of 1986, as it may be
     amended from time to time.

          (e)  "Committee" shall mean the Board, or any committee of two or more
     Directors that may be designated by the Board to administer the Plan. The
     Committee may be comprised of "non-employee directors" within the meaning
     of Rule 16b-3 under the Exchange Act.

          (f)  "Consultant" shall mean (i) any person who is engaged to perform
     bona fide services for the Corporation or its Subsidiaries, other than as
     an Employee or Director, where the services are not in connection with the
     offer and sale of securities in a capital-raising transaction and the
     consultant does not directly or indirectly promote or maintain a market for
     the Corporation's securities, or (ii) any person who has agreed to become a
     consultant within the meaning of clause (i).

          (g)  "Corporation" shall mean Edgewater Technology, Inc., a Delaware
     corporation.

          (h)  "Director" shall mean any member of the Board.

          (i)  "Employee" shall mean (i) any employee of the Corporation or its
     Subsidiaries (including Directors who are otherwise employed by the
     Corporation or its Subsidiaries), or (ii) any person who has agreed to
     become an employee within the meaning of clause (i).

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          (j)  "Exchange Act" shall mean the Securities Exchange Act of 1934 as
     it may be amended from time to time.

          (k)  "Fair Market Value" of the Stock on a given date shall be based
     upon: (i) if the Stock is listed on a national securities exchange or
     quoted in an interdealer quotation system, the last sales price or, if
     unavailable, the average of the closing bid and asked prices per share of
     the Stock on such date (or, if there was no trading or quotation in the
     Stock on such date, on the next preceding date on which there was trading
     or quotation) as provided by one of such organizations; or (ii) if the
     Stock is not listed on a national securities exchange or quoted in an
     interdealer quotation system, as determined by the Committee in good faith
     in its sole discretion.

          (l)  "Grant" shall mean a grant of an Option.

          (m)  "Grantee" shall mean a person granted an Option under the Plan.

          (n)  "1933 Act" shall mean the Securities Act of 1933, as amended.

          (o)  "Non-Employee Director" shall mean a Director of the Corporation
     who is not an Employee, and who was not an Employee at any time during the
     prior one year period.

          (p)  "Officer" shall mean an officer of the Corporation with the
     meaning of Rule 16a-(1)(f) under the Exchange Act.

          (q)  "Option" shall mean an option granted pursuant to Sections 6
     and 7 of the Plan to purchase shares of Stock that is not an incentive
     stock option as described in Code Section 422.

          (r)  "Plan" shall mean this Edgewater Technology, Inc. Amended and
     Restated 2000 Stock Option Plan as set forth herein and as amended from
     time to time.

          (s)  "Stock" shall mean shares of the common stock par value $.01 per
     share of the Corporation.

          (t)  "Stock Option Agreement" shall mean a written agreement between
     the Corporation and the Grantee, or a certificate accepted by the Grantee,
     evidencing the grant of an Option hereunder and containing such terms and
     conditions, not inconsistent with the Plan, as the Committee shall approve.

          (u)  "Subsidiary" shall mean (i) any company (whether a corporation,
     partnership, joint venture or other entity) in which the Corporation owns,
     directly or indirectly, a majority of the shares of capital stock or other
     equity interest, or (ii) any entity which the Committee reasonably expects
     to become a subsidiary within the meaning of clause (i).

                                       3

<PAGE>

SECTION 3.  SHARES OF STOCK SUBJECT TO THE PLAN.

          (a) Subject to adjustment as described in Section 10, the total amount
     of Stock that may be subject to Grants, determined immediately after the
     grant, shall not exceed four million (4,000,000) shares of Stock.

          (b) All Employees and Non-Employee Directors (subject as to
     Non-Employee Directors to the limitations in Section 7) are eligible to
     receive Grants under the Plan. Notwithstanding the foregoing: (i) the
     aggregate number of Grants under the Plan to Officers and Directors shall
     be less than fifty percent (50%) of the total number of Grants to all
     persons under the Plan; and (ii) the aggregate of number of shares of Stock
     underlying Grants to Officers and Directors under the Plan shall be less
     than fifty percent (50%) of the total number of shares of Stock underlying
     Grants to all persons under the Plan, as determined in each of (i) and (ii)
     from the date of the amendment and restatement of the Plan to extend
     eligibility to Officers and Directors to the date of the third anniversary
     of such amendment and restatement (and to the date of each anniversary
     thereafter); provided, however, that there shall be excluded from the
     numerator and denominator of such calculations, (A) with respect to the
     item (i) test above, the number of Grants to Officers not previously
     employed by the Corporation pursuant to a Grant of Options as an inducement
     essential to such individuals entering into employment contracts with the
     Corporation; and (B) with respect to the item (ii) test above, Grants of
     Options for shares of Stock issued to Officers not previously employed by
     the Corporation pursuant to a Grant of Options as an inducement essential
     to such individuals entering into employment contracts with the
     Corporation.

          (c) For purposes of the foregoing limits, shares subject to Grants
     shall not be deemed delivered if such grants are forfeited, expire or
     otherwise terminate without delivery of shares to the Grantee. Any shares
     of Stock delivered pursuant to a Grant may consist, in whole or in part, of
     authorized and unissued shares or treasury shares.

SECTION 4. ADMINISTRATION OF THE PLAN. The Plan shall be administered by the
Committee. Subject to the express provisions of the Plan, the Committee shall
have the authority to interpret the Plan, to prescribe, amend and rescind rules
and regulations relating to the Plan, to determine the terms and provisions of
Stock Option Agreements thereunder and to make all other determinations
necessary or advisable for the administration of the Plan. Any controversy or
claim arising out of or related to this Plan or the grants thereunder shall be
determined unilaterally by, and at the sole discretion of, the Committee. Any
action of the Committee with respect to the Plan shall be final, conclusive, and
binding on all persons, including the Corporation, Subsidiaries of the
Corporation, Grantees and any person claiming any rights under the Plan from or
through any Grantee and stockholders. The express grant of any specific power to
the Committee, and the taking of any action by the Committee, shall not be
construed as limiting any power or authority of the Committee. The Committee may
delegate to officers or managers of the Corporation or any Subsidiary the
authority, subject to such terms as the Committee shall determine, to perform
administrative functions to the extent permitted under Rule 16b-3, if
applicable, and other applicable law.

                                       4

<PAGE>

SECTION 5. TYPES OF OPTIONS. Options granted under the Plan shall be options to
purchase shares of the Stock that are not incentive stock options as described
in Code Section 422.

SECTION 6.  GRANT OF OPTIONS TO EMPLOYEES AND CONSULTANTS.

            (a) Employees and Consultants of the Corporation and its
     Subsidiaries shall be eligible to receive Options under the Plan.

            (b) The exercise price per share of Stock subject to an Option shall
     be determined by the Committee and specified in the Stock Option Agreement.
     The exercise price may be equal to, greater than, or less than the Fair
     Market Value of a share of Stock on the date the Option is granted.

            (c) The term of each Option granted to an Employee or Consultant s
     hall be determined by the Committee and specified in a Stock Option
     Agreement, provided that no Option shall be exercisable more than ten years
     from the date such Option is granted.

            (d) The Committee shall determine and designate from time to time
     Employees or Consultants who are to be granted Options, and shall specify
     in the Stock Option Agreement the nature of each Option granted and the
     number of shares of Stock subject to each such Option.

            (e) The Committee shall determine whether any Option granted to an
     Employee or Consultant shall become exercisable in one or more installments
     and specify the installment dates in the Stock Option Agreement. The
     Committee may also specify in the Stock Option Agreement such other
     provisions, not inconsistent with the terms of this Plan, as it may deem
     desirable. The Committee shall determine the extent to which Options shall
     become exercisable upon a Change in Control, unless otherwise specified in
     the Stock Option Agreement.

            (f) The Committee may, at any time, grant new or additional Options
     to any eligible Employee or Consultant who has previously received Options
     under this Plan, or options under other plans, whether such prior Options
     or other options are still outstanding, have been exercised previously in
     whole or in part, or have been canceled. The exercise price of such new or
     additional Options may be established by the Committee without regard to
     such previously granted Options or other options.

          (g) The Committee may provide that Options granted to persons who may
     be non-exempt employees under the Fair Labor Standards Act of 1938, as
     amended, shall have an exercise price not less than 85% of the Fair Market
     Value of the Stock on the date of grant, and may not be exercisable for at
     least six months after the date of grant (except that such Options may
     become exercisable, as determined by the Committee, upon the Grantee's
     death, disability or retirement, or upon a Change in Control or other
     circumstances permitted by applicable regulations).

                                       5

<PAGE>

SECTION 7.  GRANTS OF OPTIONS TO NON-EMPLOYEE DIRECTORS.

            (a) Non-Employee Directors of the Corporation shall be eligible to
     receive Options under the Plan only pursuant to the provisions of this
     Section 7. Each Non-Employee Director shall receive upon his or her first
     election to the Board, without the exercise of the discretion of any
     person, an Option under the Plan relating to the purchase of 20,000 shares
     of Stock (an "Initial Grant"). On the day of each annual meeting of
     stockholders, each person who is a continuing Non-Employee Director
     (excluding any newly-elected Non-Employee Director entitled to receive an
     Initial Grant) shall receive, without the exercise of the discretion of any
     person, an Option under the Plan relating to the purchase of 10,000 shares
     of Stock; and in addition to the foregoing, each such Non-Employee Director
     who is also the chairman of a committee of the Board shall receive an
     additional Option under the Plan relating to the purchase of 5,000 shares
     of Stock. In the event that there are not sufficient shares available under
     this Plan to allow for the grant to each Non-Employee Director of an Option
     for the number of shares provided herein, each Non-Employee Director shall
     receive an Option for his pro rata share of the total number of shares of
     Stock available under the Plan.

            (b) The exercise price of each share of Stock subject to an Option
     granted to a Non-Employee Director shall equal the Fair Market Value of a
     share of Stock on the date such Option is granted.

            (c) Each initial election Option granted to a Non-Employee Director
     shall become exercisable in three equal installments on the date of grant
     and on each of the first two anniversaries of the date of grant, and shall
     have a term of five years from the date of grant. Notwithstanding the
     exercise period of any initial election Option granted to a Non-Employee
     Director, all such Options shall immediately become exercisable upon a
     Change in Control. Each annual election and annual board committee
     appointment Option granted to a Non-Employee Director shall be immediately
     exercisable upon the date of grant.

            (d) This Section 7 shall be effective after the earlier of: (i)
     May 1, 2002, or (ii) the date the Corporation receives notification from
     The Nasdaq Stock Market, Inc. that amendments to the Plan to provide option
     grants to Non-Employee Directors do not require the approval of the
     stockholders of the Corporation.

SECTION 8.  EXERCISE OF OPTIONS.

            (a) Unless otherwise determined by the Committee, in the event that
     a Grantee is a "covered employee" as described in Code Section 162(m)(3),
     an Option shall not be exercisable by such Grantee in any taxable year to
     the extent that the exercise of such Option would cause the Grantee's total
     compensation to exceed the limits for deductible compensation under Code
     Section 162(m) for the taxable year. However, in no event may the Grantee
     be prohibited from exercising the Option by reason of this Section 8(a)
     later than nine years from the date such Option is granted.

                                       6

<PAGE>

            (b) Except as provided pursuant to Section 9, no Option shall be
     exercised unless at the time of such exercise the Grantee is then: (A) an
     Employee (determined with reference to Section 2(i)(i) only); or (B) a
     Consultant (determined with reference to Section 2(f)(i) only) of the
     Corporation or a Subsidiary (determined with reference to Section 2(u)(i)
     only).

            (c) Except as provided in Section 9, no Option granted to a
     Non-Employee Director shall be exercised unless at the time of such
     exercise the Grantee is then a Non-Employee Director.

            (d) A Grantee or other permitted holder shall exercise an Option by
     delivery of written notice to the Corporation setting forth the number of
     shares with respect to which the Option is to be exercised, together with
     cash, certified check, bank draft, wire transfer, or postal or express
     money order payable to the order of the Corporation for an amount equal to
     the Option price of such shares and any income tax which may be required to
     be withheld as determined by the Committee pursuant to Section 12. The
     Committee may, in its sole discretion, permit a Grantee to pay all or a
     portion of the exercise price by delivery of Stock held by the Grantee
     longer than six months or other property (including notes or other
     contractual obligations of Grantees to make payment on a deferred basis to
     the extent permitted by applicable law), or payment through a broker in
     accordance with procedures permitted by Regulation T of the Federal Reserve
     Board.

             (e) Notwithstanding the foregoing, an Option shall become
     exercisable in accordance with such terms and conditions as may be
     determined by the Committee and specified in the Stock Option Agreement.

SECTION 9.  EXERCISE OF OPTIONS UPON TERMINATION.

             (a) Unless otherwise determined by the Committee, upon termination
     of a Grantee's employment with the Corporation and its Subsidiaries for any
     reason other than Cause, death, disability or retirement, such Grantee may
     exercise any Options during the three-month period following such
     termination of employment, but only to the extent such Option was
     exercisable immediately prior to such termination of employment.

              (b) Unless otherwise determined by the Committee, upon termination
     of a Grantee's employment with the Corporation and its Subsidiaries on
     account of death or disability, such Grantee may exercise any Option during
     the one year period following such termination of employment, but only to
     the extent such Option was exercisable immediately prior to such
     termination of employment.

               (c) Unless otherwise determined by the Committee, upon
     termination of a Grantee's employment with the Corporation and its
     Subsidiaries on account of retirement after attainment of age 65, such
     Grantee may exercise any Option in accordance with the original Option term
     following such termination of employment, but only to the extent such
     Option was exercisable immediately prior to such termination of employment.

                                       7

<PAGE>

               (d) If the Committee determines that such termination is for
     Cause, all Options held by the Grantee shall immediately terminate. In
     addition, all Options granted on the basis of clause (ii) of Section 2(f),
     Section 2(i) or Section 2(u) shall immediately terminate if the Committee
     determines, in its sole discretion, that the Consultant, Employee, or
     Subsidiary, as the case may be, will not become a Consultant, Employee or
     Subsidiary within the meaning of clause (i) of such Sections.

               (e) Unless otherwise determined by the Committee and specified
     in the Stock Option Agreement, in no event shall any Option be exercisable
     for more than the maximum number of shares that the Grantee was entitled to
     purchase at the date of termination of the relationship with the
     Corporation and its Subsidiaries. In no event shall any Option be
     exercisable later than the date of expiration of the Option term.

               (f) Subject to the provisions of Section 6(e), the sale of any
     Subsidiary shall be treated as a termination of employment with respect to
     any Grantee employed by such Subsidiary.

               (g) Subject to the foregoing, in the event of death, Options
     may be exercised by a Grantee's legal representative. Options transferred
     pursuant to Section 14 may also be exercised by a permitted holder.

SECTION 10. ADJUSTMENT UPON CHANGES IN CAPITALIZATION. In the event any dividend
or other distribution (whether in the form of cash, Stock, or other property),
recapitalization, forward or reverse split, reorganization, merger,
consolidation, spin-off, combination, repurchase, or share exchange, or other
similar corporate transaction or event affects the Stock such that an adjustment
is appropriate in order to prevent dilution or enlargement of the rights of
Grantees under the Plan, then the Committee shall, in such manner as it may deem
equitable, adjust any or all of (i) the number and kind of shares of Stock
deemed to be available thereafter for Grants, (ii) the number and kind of shares
of Stock that may be delivered or deliverable in respect of outstanding Grants,
and (iii) the exercise price. If deemed appropriate, the Committee may make
provision for a cash payment with respect to any conditions of, and the criteria
included in, Grants (including, without limitation, cash payments in exchange
for Grants or substitution of Grants using stock of a successor or other entity)
in recognition of unusual or nonrecurring events (including, without limitation,
events described in the preceding sentence) affecting the Corporation or any
Subsidiary or the financial statements of the Corporation or any Subsidiary, or
in response to changes in applicable laws, regulations, or accounting
principles.

SECTION 11. RESTRICTIONS ON ISSUING SHARES. The Corporation shall not be
obligated to deliver Stock upon the exercise or settlement of any Grant or take
other actions under the Plan until the Corporation shall have determined that
applicable federal and state laws, rules, and regulations have been complied
with and such approvals of any regulatory or governmental agency have been
obtained and contractual obligations to which the Grant may be subject have been
satisfied. The Corporation, in its discretion, may postpone the issuance or
delivery of Stock under any Grant until completion of such stock exchange
listing or registration

                                       8

<PAGE>

or qualification of such Stock or other required action under any federal or
state law, rule, or regulation as the Corporation may consider appropriate, and
may require any Grantee to make such representations and furnish such
information as it may consider appropriate in connection with the issuance or
delivery of Stock under the Plan.

SECTION 12. TAX WITHHOLDING. To the extent required by applicable federal,
state, local or foreign law, a Grantee shall make arrangements satisfactory to
the Corporation for the satisfaction of any withholding tax obligations that
arise by reason of an Option exercise or any sale of shares. The Corporation
shall not be required to issue shares until such obligations are satisfied. The
Committee may permit these obligations to be satisfied by having the Corporation
withhold the minimum applicable amounts from a portion of the shares of the
Stock that otherwise would be issued to the Grantee, or to the extent permitted,
by tendering shares previously acquired.

SECTION 13. DEFERRAL OF RECEIPT OF STOCK. Effective upon the amendment of the
Corporation's deferred compensation plan to expressly permit deferrals under
this Section 13, a Grantee may, pursuant to the terms of such plan, as amended,
defer receipt of Stock that would otherwise be delivered to such Grantee upon
the exercise or settlement of any Option.

SECTION 14.  TRANSFERABILITY.

             (a) Except as provided below, no Grant shall be subject to
     anticipation, sale, assignment, pledge, encumbrance, charge or transfer
     except by will or the laws of descent and distribution, and an Option shall
     be exercisable during the Grantee's lifetime only by the Grantee.

             (b) Notwithstanding the foregoing, the Committee may provide, in a
     Stock Option Agreement, that the Grantee may transfer Options to family
     members or other persons or entities according to such terms as the
     Committee may determine; provided that the Grantee receives no
     consideration for the transfer of the Option and the transferred Option
     shall continue to be subject to the same terms and conditions as were
     applicable to the Option immediately before the transfer.

SECTION 15. NON-COMPETITION. If the Grantee breaches any non-competition
agreement in effect with the Corporation or its Subsidiaries, all of the
Grantee's outstanding Grants shall immediately terminate, and the Corporation
may require that the Grantee pay to the Corporation or its Subsidiaries (in
Stock or cash) an amount equal to any gain arising from the exercise of Options
during the forfeiture period. The forfeiture period is the period beginning on
the date that is six months before the Grantee's termination of employment or
service with the Corporation and its Subsidiaries and ending upon the
termination of such non-competition agreement. The gain to be reimbursed is the
amount by which the Fair Market Value of the Stock on the date of the
Committee's determination (or the date of any earlier sale or other disposition
of the Stock covered by the Option, if greater) exceeds the exercise price of
the Option.

                                       9

<PAGE>

SECTION 16.  GENERAL PROVISIONS.

             (a) Each Grant shall be evidenced by a Grant instrument. The terms
     and provisions of such instruments may vary among Grantees and among
     different Grants granted to the same Grantee.

             (b) A Grant in any year shall not give the Grantee any right
     to similar grants in future years, any right to continue such Grantee's
     employment relationship with the Corporation or its Subsidiaries, or,
     until such unrestricted share certificates are issued, any rights as a
     stockholder of the Corporation. All Grantees shall remain subject to
     discharge to the same extent as if the Plan were not in effect.

             (c) No Grantee, and no beneficiary or other persons claiming
     under or through the Grantee shall have any right, title or interest by
     reason of any Grant to any particular assets of the Corporation or its
     Subsidiaries, or any shares of Stock allocated or reserved for the
     purposes of the Plan or subject to any Grant except as set forth
     herein. The Corporation shall not be required to establish any fund or
     make any other segregation of assets to assure the payment of any
     Grant.

             (d) The issuance of shares of Stock to Grantees, their legal
     representatives or other permitted holders shall be subject to any
     applicable taxes and other laws or regulations of the United States or
     of any state having jurisdiction thereof.

SECTION 17. AMENDMENT OR TERMINATION. The Board may, at any time, alter, amend,
suspend, discontinue or terminate this Plan; provided, however, that no such
action shall materially impair the rights of Grantees to Grants previously
granted hereunder and, provided further, however, that any shareholder approval
necessary or desirable in order to comply with other applicable law or
regulation shall be obtained in the manner required therein. The Committee may
waive any conditions or rights under, or amend, alter, suspend, discontinue, or
terminate, any Grant theretofore granted and any Agreement relating thereto;
provided, however, that, without the consent of an affected Grantee, no such
action may materially impair the rights of such Grantee under such Grant. Upon
termination of the Plan the Committee may (i) require that Grantees surrender
their outstanding Options in exchange for a payment by the Corporation, in cash
or Stock as determined by the Committee, in an amount equal to the amount by
which the then Fair Market Value of the shares of Stock subject to the Grantee's
unexercised vested Options exceeds the exercise price of such Options or (ii)
after giving Grantees an opportunity to exercise their unexercised vested
Options, terminate any or all outstanding Options at such time as the Committee
deems appropriate.

SECTION 18. EFFECTIVE DATE OF PLAN. This amended and restated Plan is effective
upon the earlier of: (i) the date the Corporation receives notification from The
Nasdaq Stock Market, Inc. that amendments to the Plan to provide option grants
to Non-Employee Directors do not require the approval of the stockholders of the
Corporation, or (ii) its approval by the stockholders of the Corporation. This
Plan shall continue in effect until terminated by the Board. This Plan was
originally adopted by the Board on August 31, 2000.

                                       10

<PAGE>

                           - - - - - - - - - - - - - -
     This Plan, prior to its amendment and restatement in February 2002, was
originally adopted by the Board on August 31, 2000, which original adoption did
not require stockholder approval.

     This Plan, as amended and restated, was approved by the Board on February
27, 2002, which approval became effective on March 20, 2002, which was the date
of The Nasdaq Stock Market, Inc. Letter. The approval of this Plan by the Board,
as amended and restated, did not require stockholder approval.

     Section 7 of the Plan was amended by the Board on May 22, 2002, which
amendment did not require stockholder approval.

                                       11

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