Document:

Centennial Technologies, Inc.

                            1999 STOCK INCENTIVE PLAN

1. PURPOSE

         The  purpose  of  this  1999  Stock  Incentive  Plan  (the  "Plan")  of
Centennial  Technologies,  Inc., a Delaware  corporation (the "Company"),  is to
advance the interests of the Company's  stockholders  by enhancing the Company's
ability to attract,  retain and  motivate  persons who make (or are  expected to
make)  important  contributions  to the Company by  providing  such persons with
equity  ownership  opportunities  and  performance-based  incentives and thereby
better  aligning  the  interests  of such  persons  with those of the  Company's
stockholders.  Except where the context otherwise  requires,  the term "Company"
shall include any of the Company's present or future subsidiary  corporations as
defined in Section 424(f) of the Internal Revenue Code of 1986, as amended,  and
any regulations promulgated thereunder (the "Code").

2. ELIGIBILITY

         All of the Company's employees,  officers,  directors,  consultants and
advisors (and any  individuals  who have accepted an offer for  employment)  are
eligible to be granted options,  restricted stock awards,  or other  stock-based
awards (each,  an "Award")  under the Plan.  Each person who has been granted an
Award under the Plan shall be deemed a "Participant".

3. ADMINISTRATION, DELEGATION

         ADMINISTRATION BY BOARD OF DIRECTORS.  The Plan will be administered by
the Board of  Directors  of the  Company  (the  "Board").  The Board  shall have
authority  to grant  Awards and to adopt,  amend and repeal such  administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable.
The Board  may  correct  any  defect,  supply  any  omission  or  reconcile  any
inconsistency  in the Plan or any Award in the manner and to the extent it shall
deem  expedient to carry the Plan into effect and it shall be the sole and final
judge  of such  expediency.  All  decisions  by the  Board  shall be made in the
Board's sole  discretion and shall be final and binding on all persons having or
claiming any interest in the Plan or in any Award.  No director or person acting
pursuant to the authority  delegated by the Board shall be liable for any action
or determination relating to or under the Plan made in good faith.

         DELEGATION TO EXECUTIVE OFFICERS. To the extent permitted by applicable
law, the Board or any Committee (as defined in Section 3(c)) may delegate to one
or more  executive  officers  of the  Company  the  power to make  Awards to new
employees of the Company, excluding directors and officers, and to exercise such
other powers under the Plan as the Board may determine,  provided that the Board
shall fix the maximum  number of shares subject to Awards and the maximum number
of shares for any one Participant to be made by such executive officers.

         APPOINTMENT OF COMMITTEES.  To the extent  permitted by applicable law,
the Board shall appoint a committee or subcommittee of the Board (a "Committee")
of not  less  than two  members,  each  member  of  which  shall be an  "outside
director"  within the meaning of Section 162(m) of the Code and a  "non-employee
director" as defined in Rule 16b-3 promulgated under the Securities Exchange Act
of 1934 (the  "Exchange  Act").  All references in the Plan to the "Board" shall
mean the Board or a Committee of the Board or the executive  officer referred to
in Section  3(b) to the extent that the Board's  powers or  authority  under the
Plan have been delegated to such Committee or executive officer.

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4. STOCK AVAILABLE FOR AWARDS

         NUMBER OF SHARES.  Subject to adjustment under Section 8, Awards may be
made under the Plan for up to 1,000,000  shares of common stock,  $.01 par value
per share,  of the Company  (the  "Common  Stock").  If any Award  expires or is
terminated,  surrendered or canceled  without having been fully  exercised or is
forfeited in whole or in part or results in any Common  Stock not being  issued,
the unused  Common Stock  covered by such Award shall again be available for the
grant of Awards under the Plan, subject, however, in the case of Incentive Stock
Options (as  hereinafter  defined),  to any limitation  required under the Code.
Shares issued under the Plan may consist in whole or in part of  authorized  but
unissued shares or treasury shares.

         PER-PARTICIPANT  LIMIT.  Subject  to  adjustment  under  Section 8, the
maximum  number of shares of Common  Stock with  respect to which  Awards may be
granted to any  Participant  under the Plan shall be 500,000 per calendar  year.
The per-Participant  limit described in this Section 4(b) shall be construed and
applied consistently with Section 162(m) of the Code ("Section 162(m)").

5. STOCK OPTIONS

         GENERAL. The Board may grant options to purchase Common Stock (each, an
"Option")  and  determine  the number of shares of Common Stock to be covered by
each  Option,  the  exercise  price  of  each  Option  and  the  conditions  and
limitations  applicable  to the  exercise of each Option,  including  conditions
relating  to  applicable  federal  or state  securities  laws,  as it  considers
necessary or advisable. An Option which is not intended to be an Incentive Stock
Option (as  hereinafter  defined)  shall be  designated  a  "Nonstatutory  Stock
Option".

         INCENTIVE  STOCK  OPTIONS.  An Option  that the Board  intends to be an
"incentive  stock  option" as defined in Section 422 of the Code (an  "Incentive
Stock  Option")  shall only be granted to  employees of the Company and shall be
subject to and shall be construed  consistently with the requirements of Section
422 of the Code.  The Company shall have no liability to a  Participant,  or any
other  party,  if an Option (or any part  thereof)  which is  intended  to be an
Incentive Stock Option is not an Incentive Stock Option.

         EXERCISE  PRICE.  The Board shall  establish the exercise  price at the
time each Option is granted and specify it in the applicable  option  agreement;
provided,  however,  that the exercise  price shall be not less than 100% of the
fair market value of the Common Stock,  as determined by the Board,  at the time
the Option is granted.

         DURATION OF OPTIONS. Each Option shall be exercisable at such times and
subject to such terms and  conditions as the Board may specify in the applicable
option agreement;  provided,  however, that no Option will be granted for a term
in excess of 10 years.

         EXERCISE OF OPTION. Options may be exercised by delivery to the Company
of a written notice of exercise signed by the proper person or by any other form
of notice  (including  electronic  notice)  approved by the Board  together with
payment in full as  specified in Section 5(f) for the number of shares for which
the Option is  exercised.  No Option that is  classified  as an Incentive  Stock
Option may be exercised within one year of the date of grant of such Option.

         PAYMENT UPON EXERCISE.  Common Stock  purchased upon the exercise of an
Option granted under the Plan shall be paid for as follows:

         (1)      in cash or by check, payable to the order of the Company;

         (2) except as the Board may, in its sole discretion,  otherwise provide
in an option  agreement,  by (i) delivery of an  irrevocable  and  unconditional
undertaking  by a  creditworthy  broker  to  deliver  promptly  to  the  Company
sufficient  funds to pay the exercise price or (ii) delivery by the  Participant
to the Company of a copy of  irrevocable  and  unconditional  instructions  to a
creditworthy  broker  to  deliver  promptly  to  the  Company  cash  or a  check
sufficient to pay the exercise price;

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         (3) by  delivery  of shares of Common  Stock  owned by the  Participant
valued at their fair market value as determined by (or in a manner  approved by)
the Board in good faith  ("Fair  Market  Value"),  provided  (i) such  method of
payment is then  permitted  under  applicable law and (ii) such Common Stock was
owned by the Participant at least six months prior to such delivery;

         (4) to the extent  permitted by the Board,  in its sole  discretion and
consistent  with  applicable  law, by (i) delivery of a  promissory  note of the
Participant to the Company on terms  determined by the Board, or (ii) payment of
such other lawful consideration as the Board may determine; or

         (5)      by any combination of the above permitted forms of payment.

6. RESTRICTED STOCK

         GRANTS.  The Board may grant  Awards  entitling  recipients  to acquire
shares of Common Stock, subject to the right of the Company to repurchase all or
part of such shares at their issue price or other stated or formula price (or to
require  forfeiture  of such shares if issued at no cost) from the  recipient in
the event that conditions specified by the Board in the applicable Award are not
satisfied  prior to the end of the  applicable  restriction  period  or  periods
established by the Board for such Award (each, a "Restricted Stock Award").

         TERMS  AND  CONDITIONS.   The  Board  shall  determine  the  terms  and
conditions of any such  Restricted  Stock Award,  including the  conditions  for
repurchase (or forfeiture)  and the issue price, if any. Any stock  certificates
issued in respect of a Restricted Stock Award shall be registered in the name of
the Participant and, unless otherwise determined by the Board,  deposited by the
Participant, together with a stock power endorsed in blank, with the Company (or
its  designee).  At the expiration of the applicable  restriction  periods,  the
Company (or such designee)  shall deliver the  certificates no longer subject to
such  restrictions  to the  Participant or if the  Participant  has died, to the
beneficiary designated, in a manner determined by the Board, by a Participant to
receive  amounts due or exercise  rights of the  Participant in the event of the
Participant's  death  (the  "Designated  Beneficiary").  In  the  absence  of an
effective  designation by a Participant,  Designated  Beneficiary shall mean the
Participant's estate.

7. OTHER STOCK-BASED AWARDS

         The Board  shall have the right to grant  other  Awards  based upon the
Common  Stock  having  such  terms and  conditions  as the Board may  determine,
including  the grant of  shares  based  upon  certain  conditions,  the grant of
securities  convertible  into Common  Stock and the grant of stock  appreciation
rights.

8. ADJUSTMENTS FOR CHANGES IN COMMON STOCK AND CERTAIN OTHER EVENTS

         CHANGES IN  CAPITALIZATION.  In the event of any stock  split,  reverse
stock  split,   stock   dividend,   recapitalization,   combination  of  shares,
reclassification  of shares,  spin-off or other similar change in capitalization
or event,  or any  distribution  to holders of Common  Stock other than a normal
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the  per-Participant  limit set forth in Section 4(b), (iii) the number and
class of securities  and exercise  price per share  subject to each  outstanding
Option,  (iv)  the  repurchase  price  per  share  subject  to each  outstanding
Restricted Stock Award, and (v) the terms of each other  outstanding Award shall
be appropriately  adjusted by the Company (or substituted Awards may be made, if
applicable) to the extent the Board shall determine, in good faith, that such an
adjustment (or substitution) is necessary and appropriate.  If this Section 8(a)
applies  and  Section  8(c) also  applies  to any event,  Section  8(c) shall be
applicable to such event, and this Section 8(a) shall not be applicable.

         LIQUIDATION OR DISSOLUTION.  In the event of a proposed  liquidation or
dissolution  of  the  Company,  the  Board  shall  upon  written  notice  to the
Participants   provide  that  all  then  unexercised  Options  will  (i)  become
exercisable  in full as of a specified  time at least 10 business  days prior to
the  effective  date of such  liquidation  or  dissolution  and  (ii)  terminate
effective upon such  liquidation or dissolution,  except to the extent exercised
before such effective date. The Board may specify the effect of a liquidation or
dissolution on any Restricted  Stock Award or other Award granted under the Plan
at the time of the grant of such Award.

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         ACQUISITION EVENTS

                  DEFINITION.  An "Acquisition Event" shall mean: (a) any merger
or consolidation of the Company with or into another entity as a result of which
the Common Stock is converted  into or exchanged  for the right to receive cash,
securities  or other  property or (b) any  exchange of shares of the Company for
cash,  securities  or other  property  pursuant  to a statutory  share  exchange
transaction.

                  CONSEQUENCES  OF AN  ACQUISITION  EVENT ON  OPTIONS.  Upon the
occurrence  of an  Acquisition  Event,  or the  execution  by the Company of any
agreement with respect to an Acquisition Event, the Board shall provide that all
outstanding   Options  shall  be  assumed,   or  equivalent   options  shall  be
substituted,  by the  acquiring  or  succeeding  corporation  (or  an  affiliate
thereof).  For purposes hereof,  an Option shall be considered to be assumed if,
following consummation of the Acquisition Event, the Option confers the right to
purchase, for each share of Common Stock subject to the Option immediately prior
to the consummation of the Acquisition  Event, the consideration  (whether cash,
securities or other property)  received as a result of the Acquisition  Event by
holders of Common Stock for each share of Common Stock held immediately prior to
the consummation of the Acquisition  Event (and if holders were offered a choice
of consideration,  the type of consideration chosen by the holders of a majority
of the  outstanding  shares of Common  Stock);  provided,  however,  that if the
consideration received as a result of the Acquisition Event is not solely common
stock of the acquiring or succeeding  corporation (or an affiliate thereof), the
Company  may,  with the  consent of the  acquiring  or  succeeding  corporation,
provide for the  consideration  to be received  upon the  exercise of Options to
consist solely of common stock of the acquiring or succeeding corporation (or an
affiliate   thereof)   equivalent   in  fair  market  value  to  the  per  share
consideration  received by holders of  outstanding  shares of Common  Stock as a
result of the Acquisition Event.

                  Notwithstanding the foregoing,  if the acquiring or succeeding
corporation  (or an affiliate  thereof) does not agree to assume,  or substitute
for,  such  Options,   then  the  Board  shall,   upon  written  notice  to  the
Participants,  provide that all then unexercised Options will become exercisable
in full as of a specified time prior to the Acquisition Event and will terminate
immediately prior to the consummation of such Acquisition  Event,  except to the
extent exercised by the Participants before the consummation of such Acquisition
Event;  provided,  however,  that in the event of an Acquisition Event under the
terms of which holders of Common Stock will receive upon consummation  thereof a
cash  payment  for each  share of  Common  Stock  surrendered  pursuant  to such
Acquisition Event (the "Acquisition  Price"), then the Board may instead provide
that  all  outstanding   Options  shall  terminate  upon  consummation  of  such
Acquisition Event and that each Participant shall receive, in exchange therefor,
a cash payment equal to the amount (if any) by which (A) the  Acquisition  Price
multiplied by the number of shares of Common Stock  subject to such  outstanding
Options (whether or not then  exercisable),  exceeds (B) the aggregate  exercise
price of such Options.

                  CONSEQUENCES  OF AN  ACQUISITION  EVENT  ON  RESTRICTED  STOCK
AWARDS.  Upon the occurrence of an Acquisition  Event,  the repurchase and other
rights of the Company under each outstanding  Restricted Stock Award shall inure
to the  benefit  of  the  Company's  successor  and  shall  apply  to the  cash,
securities  or other  property  which the  Common  Stock was  converted  into or
exchanged for pursuant to such  Acquisition  Event in the same manner and to the
same extent as they applied to the Common Stock subject to such Restricted Stock
Award.

                  CONSEQUENCES  OF AN  ACQUISITION  EVENT ON OTHER  AWARDS.  The
Board  shall  specify  the  effect of an  Acquisition  Event on any other  Award
granted under the Plan at the time of the grant of such Award.

9. GENERAL PROVISIONS APPLICABLE TO AWARDS

         TRANSFERABILITY OF AWARDS.  Except as the Board may otherwise determine
or provide in an Award, Awards shall not be sold, assigned, transferred, pledged
or  otherwise  encumbered  by the  person  to  whom  they  are  granted,  either

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voluntarily  or by operation  of law,  except by will or the laws of descent and
distribution, and, during the life of the Participant, shall be exercisable only
by the Participant.  References to a Participant,  to the extent relevant in the
context, shall include references to authorized transferees.

         DOCUMENTATION. Each Award shall be evidenced by a written instrument in
such form as the Board shall  determine;  such written  instrument may be in the
form of an  agreement  signed by the  Company and the  Participant  or a written
confirming  memorandum  to the  Participant  from the  Company.  Each  Award may
contain terms and conditions in addition to those set forth in the Plan.

         BOARD DISCRETION.  Except as otherwise provided by the Plan, each Award
may be made alone or in addition or in relation to any other Award. The terms of
each Award  need not be  identical,  and the Board  need not treat  Participants
uniformly.

         TERMINATION OF STATUS. The Board shall determine the effect on an Award
of the  disability,  death,  retirement,  authorized  leave of  absence or other
change in the  employment  or other  status of a  Participant  and the extent to
which,  and the period during which, the Participant,  the  Participant's  legal
representative,  conservator,  guardian or Designated  Beneficiary  may exercise
rights under the Award.

         WITHHOLDING.  Each  Participant  shall  pay to  the  Company,  or  make
provision satisfactory to the Board for payment of, any taxes required by law to
be withheld in connection with Awards to such Participant no later than the date
of the event  creating  the tax  liability.  Except  as the Board may  otherwise
provide in an Award, when the Common Stock is registered under the Exchange Act,
Participants  may, to the extent then permitted under  applicable  law,  satisfy
such tax  obligations in whole or in part by delivery of shares of Common Stock,
including shares retained from the Award creating the tax obligation,  valued at
their Fair Market Value. The Company may, to the extent permitted by law, deduct
any such  tax  obligations  from any  payment  of any  kind  otherwise  due to a
Participant.

         AMENDMENT  OF AWARD.  The  Board may  amend,  modify or  terminate  any
outstanding Award,  including but not limited to, substituting  therefor another
Award  of the  same or a  different  type,  changing  the  date of  exercise  or
realization,  and converting an Incentive  Stock Option to a Nonstatutory  Stock
Option, provided that the Participant's consent to such action shall be required
unless the Board  determines  that the action,  taking into  account any related
action, would not materially and adversely affect the Participant.

         CONDITIONS  ON DELIVERY OF STOCK.  The Company will not be obligated to
deliver  any  shares  of  Common  Stock  pursuant  to  the  Plan  or  to  remove
restrictions  from  shares  previously  delivered  under the Plan  until (i) all
conditions  of the Award  have been met or removed  to the  satisfaction  of the
Company,  (ii) in the opinion of the Company's counsel,  all other legal matters
in connection with the issuance and delivery of such shares have been satisfied,
including any applicable  securities  laws and any applicable  stock exchange or
stock market rules and  regulations,  and (iii) the Participant has executed and
delivered to the Company such  representations  or agreements as the Company may
consider  appropriate to satisfy the  requirements of any applicable laws, rules
or regulations.

         Acceleration.  The Board may at any time provide that any Options shall
become  immediately  exercisable in full or in part,  that any Restricted  Stock
Awards shall be free of restrictions in full or in part or that any other Awards
may become exercisable in full or in part or free of some or all restrictions or
conditions, or otherwise realizable in full or in part, as the case may be.

10. MISCELLANEOUS

         NO RIGHT TO EMPLOYMENT OR OTHER STATUS.  No person shall have any claim
or right to be  granted  an  Award,  and the  grant  of an  Award  shall  not be
construed as giving a Participant the right to continued employment or any other
relationship with the Company.  The Company expressly  reserves the right at any
time to dismiss or otherwise  terminate its relationship with a Participant free
from any liability or claim under the Plan, except as expressly  provided in the
applicable Award.
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         NO RIGHTS AS  STOCKHOLDER.  Subject to the provisions of the applicable
Award,  no  Participant  or  Designated  Beneficiary  shall have any rights as a
stockholder  with respect to any shares of Common Stock to be  distributed  with
respect  to  an  Award  until   becoming  the  record  holder  of  such  shares.
Notwithstanding  the foregoing,  in the event the Company effects a split of the
Common  Stock by means of a stock  dividend  and the  exercise  price of and the
number of shares  subject  to such  Option  are  adjusted  as of the date of the
distribution  of the  dividend  (rather  than as of the  record  date  for  such
dividend),  then an optionee who exercises an Option between the record date and
the distribution  date for such stock dividend shall be entitled to receive,  on
the  distribution  date, the stock dividend with respect to the shares of Common
Stock  acquired upon such Option  exercise,  notwithstanding  the fact that such
shares were not  outstanding  as of the close of business on the record date for
such stock dividend.

         EFFECTIVE DATE AND TERM OF PLAN. The Plan shall become effective on the
date on which it is adopted by the Board,  but the  classification  of an Option
granted to a  Participant  under the Plan as an Incentive  Stock Option shall be
conditioned upon the approval of the Plan by the Company's  stockholders  within
one year of the  effective  date of the Plan.  No Award granted to a Participant
after the first  anniversary  of the effective date of the Plan that is intended
to comply with Section 162(m) shall become exercisable, vested or realizable, as
applicable  to such  Award,  unless and until the Plan has been  approved by the
Company's stockholders to the extent stockholder approval is required by Section
162(m) in the manner required under Section 162(m)  (including the vote required
under  Section  162(m)).  No Awards  shall be  granted  under the Plan after the
completion  of ten years from the  earlier of (i) the date on which the Plan was
adopted  by the Board or (ii) the date the Plan was  approved  by the  Company's
stockholders, but Awards previously granted may extend beyond that date.

         AMENDMENT OF PLAN.  The Board may amend,  suspend or terminate the Plan
or any  portion  thereof at any time,  provided  that to the extent  required by
Section 162(m),  no Award granted to a Participant after the first anniversary o
the  effective  date of the Plan and  after the date of such  amendment  that is
intended to comply with Section 162(m) shall become  exercisable,  realizable or
vested, as applicable to such Award,  unless and until such amendment shall have
been  approved by the  Company's  stockholders  are  required by Section  162(m)
(including the vote required under Section 162(m)).

         GOVERNING LAW. The provisions of the Plan and all Awards made hereunder
shall be governed by and interpreted in accordance with the laws of the State of
Delaware, without regard to any applicable conflicts of law.

                                      A-6EXECUTIVE SEVERANCE AGREEMENT

         This  EXECUTIVE  SEVERANCE  AGREEMENT  ("Agreement")  is made April 11,
2000,  between  Centennial  Technologies,  Inc.,  a  Delaware  corporation  (the
"Company"), and Jacques Assour ("Executive").

         WHEREAS,  the  Executive  is  employed  by the Company as a Senior Vice
President; and

         WHEREAS,  the parties desire to set forth their  respective  rights and
obligations in the event Executive ceases to be employed by the Company.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein  contained  and other good and  valuable  consideration,  the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

1.  Termination.  Executive's  employment  hereunder may be terminated under the
following circumstances:

         (a) DEATH.  Executive's  employment  hereunder shall terminate upon his
death.

         (b)  DISABILITY.  If,  as a result  of  Executive's  incapacity  due to
physical  or mental  illness,  Executive  shall have been absent from his duties
hereunder on a full-time basis for one hundred eighty (180) calendar days in the
aggregate in any twelve (12) month period, the Company may terminate Executive's
employment hereunder.

         (c)  TERMINATION  BY COMPANY  FOR CAUSE.  At any time the  Company  may
terminate  Executive's  employment  hereunder for Cause if such  termination  is
approved by a majority of the Board of Directors of the Company (the "Board") at
a meeting of the Board  called  and held for such  purpose.  Executive  shall be
given  notice  of any such  meeting  of the  Board  and  shall be  afforded  the
opportunity to make an oral  presentation  and provide written  materials to the
Board.  For  purposes of this  Agreement,  "Cause"  shall  mean:  (A) conduct by
Executive  constituting a material act of willful  misconduct in connection with
the performance of his duties, including,  without limitation,  misappropriation
of funds or  property  of the  Company or any of its  affiliates  other than the
occasional,  customary  and de minimis  use of  Company  property  for  personal
purposes;  (B)  criminal  or  civil  conviction  of  Executive,  a plea  of nolo
contendere  by  Executive  or conduct by  Executive  that  would  reasonably  be
expected to result in  material  injury to the  reputation  of the Company if he
were retained in his position with the Company,  including,  without limitation,
conviction of a felony  involving moral  turpitude;  (C) continued,  willful and
deliberate  non-performance  by Executive of his duties hereunder (other than by
reason of  Executive's  physical or mental  illness,  incapacity or  disability)
which has continued for more than thirty (30) days  following  written notice of
such  non-performance  from the Board;  (D) a breach by  Executive of any of the
provisions contained in Sections 3 or 4 of this Agreement; or (E) a violation by
Executive of the Company's  employment  policies  which has continued  following
written notice of such violation from the Board.

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         (d)  TERMINATION  WITHOUT CAUSE.  At any time the Company may terminate
Executive's  employment  hereunder without Cause if such termination is approved
by the Chief Executive Officer of the Company. Any termination by the Company of
Executive's  employment  under  this  Agreement  which  does  not  constitute  a
termination  for Cause under Section 1(c) or result from the death or disability
of the Executive under Section 1(a) or (b) shall be deemed a termination without
Cause.

         (e)  TERMINATION BY EXECUTIVE.  At any time Executive may terminate his
employment  hereunder for any reason,  including but not limited to Good Reason.
Executive agrees,  if requested at any time by the Company,  to continue to work
for  the   Company  and  to  assist  in  the   transition   of  his  duties  and
responsibilities  to  another  person  for  30  days  following  his  Notice  of
Termination  (as defined below).  For purposes of this Agreement,  "Good Reason"
shall  mean  that  Executive  has  complied  with  the  "Good  Reason   Process"
(hereinafter  defined)  following the occurrence of any of the following events:
(A) a substantial  diminution or other substantive adverse change, not consented
to by  Executive,  in the  nature  or  scope  of  Executive's  responsibilities,
authorities,  powers,  functions or duties;  (B) demotion of Executive  from his
position as Senior Vice President of the Company;  (C) an involuntary  reduction
in Executive's salary except for across-the-board reductions similarly affecting
all or substantially all senior  executives of the Company;  (D) a breach by the
Company of any of its other  material  obligations  under this Agreement and the
failure of the Company to cure such breach within thirty (30) days after written
notice  thereof by Executive;  (E) the  involuntary  relocation of the Company's
offices at which Executive is principally employed to a location more than fifty
(50) miles from such offices,  or the  requirement by the Company that Executive
be based  anywhere  other than such  offices on an  extended  basis,  except for
required travel on the Company's business to an extent substantially  consistent
with Executive's business travel obligations;  or (F) the failure of the Company
to obtain the agreement from any successor to the Company to assume and agree to
perform this  Agreement as required by Section 6. "Good  Reason  Process"  shall
mean that (i) Executive reasonably determines in good faith that a "Good Reason"
event has  occurred;  (ii)  Executive  notifies  the  Company  in writing of the
occurrence of the Good Reason event;  (iii)  Executive  cooperates in good faith
with  the  Company's  efforts,  for a period  not less  than  ninety  (90)  days
following such notice, to modify  Executive's  employment  situation in a manner
acceptable to Executive and Company;  and (iv) notwithstanding such efforts, one
or more of the Good Reason  events  continues to exist and has not been modified
in a manner acceptable to Executive.  If the Company cures the Good Reason event
in a manner  acceptable  to  Executive  during the ninety (90) day period,  Good
Reason shall be deemed not to have occurred.

         (f) NOTICE OF  TERMINATION.  Except for  termination  as  specified  in
Section 1(a), any  termination  of Executive's  employment by the Company or any
such  termination  by  Executive  shall be  communicated  by  written  Notice of
Termination to the other party hereto. For purposes of this Agreement, a "Notice
of  Termination"   shall  mean  a  notice  which  shall  indicate  the  specific
termination provision in this Agreement relied upon.

                                       2
<PAGE>

         (g) DATE OF  TERMINATION.  "Date of  Termination"  shall  mean:  (A) if
Executive's employment is terminated by his death, the date of his death; (B) if
Executive's employment is terminated on account of disability under Section 1(b)
or by the Company  for Cause under  Section  1(c),  the date on which  Notice of
Termination  is given;  and (C) if  Executive's  employment is terminated by the
Company under  Section 1(d), or terminated by the Executive  under Section 1(e),
thirty (30) days after the date on which a Notice of Termination is given.

2. COMPENSATION UPON TERMINATION OR DURING DISABILITY.

         (a) DEATH OF EXECUTIVE.  If Executive's employment terminates by reason
of his death,  the Executive's  beneficiaries  shall receive the proceeds of the
applicable life insurance policies maintained by or through the Company, subject
to the terms  and  conditions  thereof.  Upon the  death of the  Executive,  the
Executive's  options to purchase  stock of the  Company  which would have vested
within 90 days following the Date of Termination  had he remained as an employee
of the  Company  shall  be  deemed  vested  as of the Date of  Termination.  The
Executive's  estate or other  legal  representatives  shall  have the  remaining
option term to exercise  all stock  options  which were vested as of the Date of
Termination  or  which  vested  effective  as  of  such  date  pursuant  to  the
immediately preceding sentence.

         (b) DISABILITY OF EXECUTIVE.  During any period that Executive fails to
perform his duties as an employee as a result of  incapacity  due to physical or
mental  illness,  Executive  shall receive at the election of the Company either
his then current salary or the applicable benefits to which he would be entitled
pursuant to any short-term or long-term  disability  benefits program maintained
by the Company,  in each case until Executive's  employment is terminated due to
disability in accordance  with Section 1(b) or until  Executive  terminates  his
employment in accordance with Section 1(e),  whichever  first occurs.  Following
such termination,  Executive may receive benefits under the Company's  long-term
disability  plan subject to the terms and conditions  thereof.  Upon the Date of
Termination,  the  Executive's  options to purchase  stock of the Company  which
would  have  vested  within 90 days  following  the Date of  Termination  had he
remained as an employee of the Company  shall be deemed vested as of the Date of
Termination.  The Executive shall have the remaining option term to exercise all
stock  options which were vested as of the Date of  Termination  or which vested
effective as of such date pursuant to the immediately preceding sentence.

         (c) TERMINATION BY EXECUTIVE.  If Executive's  employment is terminated
by Executive  other than for Good Reason as provided in Section  1(e),  then the
Company  shall  have no  further  obligations  to  Executive  provided  any such
termination  shall not adversely  affect or alter  Executive's  rights under any
employee  benefit  plan  of the  Company  in  which  Executive,  at the  Date of
Termination,  has a vested interest,  unless otherwise provided in such employee
benefit  plan  or any  agreement  or  other  instrument  attendant  thereto.  In
addition,  all vested but unexercised  stock options held by Executive as of the
Date of Termination shall cease to be exercisable by Executive 90 days after the
Date of Termination or the end of the option term, if earlier.

                                       3
<PAGE>

         (d) TERMINATION  WITHOUT CAUSE. If Executive  terminates his employment
for Good Reason as  provided in Section  1(e) or if  Executive's  employment  is
terminated  by the Company  without  Cause as provided  in Section  1(d),  then,
subject to the  execution by Executive of a general  release of claims in a form
and manner  satisfactory  to the Company,  Executive shall receive the following
benefits.

                  (i) Executive  shall be paid severance pay equal to his salary
         for the following  number of months  following the Date of  Termination
         based on the number of full calendar  months  Executive was employed by
         the Company:

            Number of Full Calendar                  Number of Months of Salary
            Months Employed by Company               to be paid to Executive
            --------------------------               -----------------------

            Less than 12 months                               6
            12 months or more but less                        12
                 than 18 months
            18 months or more                                 15

         The amount of such severance pay shall be based on  Executive's  salary
         in effect on the date Notice of  Termination  is given.  The  severance
         payment may be paid at the  discretion  of the Company  either (A) in a
         single  lump-sum  amount  payable  within 30 days following the Date of
         Termination,  or  (B)  in  bi-weekly  installments  (without  interest)
         consistent  with the Company's  normal  policies for the payment of its
         executives. Executive shall be responsible for all taxes payable on the
         severance  payments and the Company is  authorized to withhold from any
         such payment the appropriate withholding amounts.

                  (ii) The Company shall provide Company-paid coverage under its
         general  medical  and dental  plans (as they may be modified or amended
         from time to time) for  Executive  for that number of months  following
         the Date of  Termination  equal to the  applicable  number of months of
         severance  pay that the  Company is  required  to pay  Executive  under
         Section  2(d)(i) above.  Notwithstanding  the foregoing,  the Company's
         obligation  under this  Section  2(d)(ii)  shall  terminate  as soon as
         Executive is eligible to be covered  under any other  medical or dental
         plan,  including  any plan of any  subsequent  employer  of  Executive.
         Executive  agrees to give prompt written notice to the Company whenever
         he becomes eligible to participate in any other medical or dental plan.

                  (iii) Upon the date of Termination, the Executive's options to
         purchase  stock of the Company  which would have vested  within 90 days
         following  the Date of  Termination  had he remained an employee of the
         Company shall be deemed vested as of the Date of Termination. Executive
         shall have the remaining option term to exercise all

                                       4
<PAGE>

         stock options which were vested as of the Date of  Termination or which
         vested effective as of such date pursuant to the immediately  preceding
         sentence.

         (e) TERMINATION  FOR CAUSE. If Executive's  employment is terminated by
the Company for Cause as provided in Section  1(c),  then the Company shall have
no further  obligations to Executive,  provided any such  termination  shall not
adversely affect or alter Executive's  rights under any employee benefit plan of
the  Company  in  which  Executive,  at the  Date of  Termination,  has a vested
interest,  unless  otherwise  provided  in  such  employee  benefit  plan or any
agreement or other instrument attendant thereto. In addition, all unvested stock
options  held by  Executive  as of the  Date of  Termination  shall  immediately
terminate  and be of no further  force and effect.  In addition,  all vested but
unexercised  stock options held by Executive as of the Date of Termination shall
cease to be  exercisable  by Executive 90 days after the Date of  Termination or
the end of the option term, if earlier.

         (f)  CONSTRUCTION.  Executive may be a party to an Executive  Retention
Agreement  which  provides  for benefits in the event  Executive  is  terminated
following a change in control of the Company (a "Change in Control  Agreement").
In the event Executive is entitled to receive benefits under both this Agreement
and a Change in Control  Agreement,  then Executive  shall not receive  benefits
under both such  agreements  but  instead  must elect in writing  within 20 days
following  his Date of  Termination  under which such  agreement he will receive
benefits. If Executive fails to make such election within such time period, then
the Company shall have the right to elect under which such agreement it will pay
benefits.  The  election  made by  Executive or the Company as set forth in this
Section 2(f) is  irrevocable,  and once made the  agreement  not selected  shall
immediately terminate and become null and void.

3. UNAUTHORIZED DISCLOSURE.

         (a) CONFIDENTIAL INFORMATION. Executive acknowledges that in the course
of his  employment  with the Company,  he has been  allowed to become,  and will
continue  to be  allowed  to  become,  acquainted  with the  Company's  business
affairs,  information,   trade  secrets,  and  other  matters  which  are  of  a
proprietary or confidential  nature,  including but not limited to the Company's
and  its  affiliates'  operations,   business  opportunities,   price  and  cost
information,  finance,  customer  information,  business  plans,  various  sales
techniques,   manuals,  letters,  notebooks,   procedures,   reports,  products,
processes,   services,   and  other   confidential   information  and  knowledge
(collectively the "Confidential  Information")  concerning the Company's and its
affiliates'   business.   Executive   understands  and  acknowledges   that  the
Confidential  Information  is  confidential,  and he agrees not to disclose such
Confidential Information to anyone outside the Company except to the extent that
(i) Executive deems such  disclosure or use reasonably  necessary or appropriate
in  connection  with  performing  his  duties  on behalf  of the  Company;  (ii)
Executive is required by order of a court of competent jurisdiction (by subpoena
or similar  process)  to  disclose  or  discuss  any  Confidential  Information,
provided that in such case,  Executive shall promptly inform the Company of such
event,  shall  cooperate  with the Company in  attempting to obtain a protective
order  or to  otherwise  restrict  such  disclosure,  and  shall  only  disclose
Confidential Information to the minimum extent necessary to comply with any such
court order; (iii) such Confidential  Information becomes generally known to and
available  for use in the  Company's  industry,  other  than as a result  of any
action or inaction by Executive;  or (iv) such information has been published in

                                       5
<PAGE>

a form generally available to the public prior to the date Executive proposes to
disclose  or use such  information.  Executive  further  agrees that he will not
during   employment   and/or  at  any  time  thereafter  use  such  Confidential
Information in competing, directly or indirectly, with the Company. At such time
as Executive shall cease to be employed by the Company, he will immediately turn
over to the Company all Confidential  Information,  including papers, documents,
writings,  electronically stored information,  other property, and all copies of
them provided to or created by him during the course of his employment  with the
Company.

         (b)  Heirs,  successors,  and  legal  representatives.   The  foregoing
provisions  of  this  Section  3  shall  be  binding  upon  Executive's   heirs,
successors,  and legal  representatives.  The provisions of this Section 3 shall
survive the termination of this Agreement for any reason.

4. COVENANT NOT TO COMPETE. EXECUTIVE AGREES AS FOLLOWS:

         (a) NONCOMPETITION.  During Executive's employment with the Company and
for the Post-Termination Period (as defined below), Executive will not, directly
or indirectly,  as an owner,  director,  principal,  agent,  officer,  employee,
partner, consultant, or otherwise, carry on, operate, manage, control, or become
involved in any manner with any business, operation,  corporation,  partnership,
association,  agency,  or other  person or entity which is engaged in a business
that is competitive in any  geographic  area with any of the Company's  products
which are produced by the Company or any affiliate of the Company as of the date
of Executive's  termination of employment with the Company;  provided,  however,
that the foregoing  shall not prohibit  Executive  from owning up to one percent
(1%) of the  outstanding  stock of any publicly  held  company.  As used herein,
"Post-Termination  Period" means the period following termination of Executive's
employment with the Company for any reason  whatsoever equal to the longer of 12
months or the period for which the  Executive is receiving any benefits from the
Company pursuant to Section 2 hereof.

         (b) NONSOLICITATION. During Executive's employment with the Company and
for the  Post-Termination  Period,  Executive  will not  directly or  indirectly
solicit or induce any present or future employee of the Company or any affiliate
of the  Company  to  accept  employment  with  Executive  or with any  business,
operation,  corporation,  partnership,  association,  agency, or other person or
entity with which Executive may be associated,  and Executive will not employ or
cause any business, operation, corporation, partnership, association, agency, or
other  person or entity with which  Executive  may be  associated  to employ any
present or future employee of the Company without providing the Company with ten
(10) days' prior written notice of such proposed employment.

5. NOTICE. For purposes of this Agreement,  notices and all other communications
provided  for in the  Agreement  shall be in writing and shall be deemed to have
been duly given when delivered or mailed by United States certified mail, return
receipt requested, postage prepaid, addressed as follows:

                                       6
<PAGE>

         if to the Executive:

                  At his home address as shown
                  in the Company's personnel records;

         if to the Company:

                  Centennial Technologies
                  7 Lopez Road
                  Wilmington, MA 01887
                  Attention: Chief Executive Officer

or to such other  address  as either  party may have  furnished  to the other in
writing in accordance  herewith,  except that notices of change of address shall
be effective only upon receipt.

6. SUCCESSOR TO COMPANY. The Company shall require any successor (whether direct
or  indirect,  by  purchase,  merger,  consolidation  or  otherwise)  to  all or
substantially  all of the business or assets of the Company  expressly to assume
and agree to perform this Agreement to the same extent that the Company would be
required to perform it if no succession had taken place.  Failure of the Company
to obtain an assumption of this  Agreement at or prior to the  effectiveness  of
any  succession  shall be a breach of this Agreement and shall  constitute  Good
Reason if the Executive elects to terminate employment.

7. VALIDITY.  The invalidity or  unenforceability of any provision or provisions
of this Agreement shall not affect the validity or  enforceability  of any other
provision of this  Agreement,  which shall remain in full force and effect.  The
invalid portion of this Agreement, if any, shall be modified by any court having
jurisdiction to the extent necessary to render such portion enforceable.

8. COUNTERPARTS. This Agreement may be executed in several counterparts, each of
which  shall  be  deemed  to be an  original  but  all of  which  together  will
constitute one and the same instrument.

9.  ARBITRATION;  OTHER  DISPUTES.  In the event of any  dispute or  controversy
arising  under or in  connection  with this  Agreement,  the parties shall first
promptly  try in good faith to settle such dispute or  controversy  by mediation
under  the  applicable  rules of the  American  Arbitration  Association  before
resorting  to  arbitration.  In the event such  dispute or  controversy  remains
unresolved in whole or in part for a period of thirty (30) days after it arises,
the parties will settle any  remaining  dispute or  controversy  exclusively  by
arbitration  in  Boston,  Massachusetts,  in  accordance  with the  rules of the
American Arbitration  Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction.  Notwithstanding the above,
the Company shall be entitled to seek a  restraining  order or injunction in any
court of competent  jurisdiction to prevent any continuation of any violation of
Section 3 or 4 hereof. In addition,  in the event Executive  violates any of the
provisions  of  Section 4, then in  addition  to all other  rights and  remedies
available  to the  Company at law or in equity,  the  duration  of the  covenant
contained  in Section 4 shall  automatically  be extended for the period of time
from which  Executive  began such  violation  until he  permanently  ceases such
violation.  Furthermore, should a dispute occur concerning Executive's mental or
physical  capacity as described  in Section  1(b) or 2(b), a doctor  selected by

                                       7
<PAGE>

Executive  and a doctor  selected  by the  Company  shall be entitled to examine
Executive.  If the  opinion  of the  Company's  doctor  and  Executive's  doctor
conflict,  the Company's doctor and Executive's doctor shall together agree upon
a third doctor, whose opinion shall be binding.

10. THIRD-PARTY AGREEMENTS AND RIGHTS.  Executive represents to the Company that
Executive's  employment  with the  Company  does  not  violate  any  obligations
Executive may have to any employer or other party,  and Executive will not bring
to the  premises  of the  Company any copies or other  tangible  embodiments  of
non-public   information  belonging  to  or  obtained  from  any  such  previous
employment or other party.

11.  LITIGATION  AND  REGULATORY  COOPERATION.   During  and  after  Executive's
employment, Executive shall reasonably cooperate with the Company in the defense
or prosecution of any claims or actions now in existence or which may be brought
in the future  against  or on behalf of the  Company  which  relate to events or
occurrences  that  transpired  while  Executive  was  employed  by the  Company;
provided,  however,  that such  cooperation  shall not  materially and adversely
affect  Executive or expose  Executive to an increased  probability  of civil or
criminal litigation.  Executive's  cooperation in connection with such claims or
actions  shall  include,  but not be limited to,  being  available  to meet with
counsel to prepare for  discovery  or trial and to act as a witness on behalf of
the  Company  at  mutually   convenient  times.  During  and  after  Executive's
employment,  Executive also shall cooperate fully with the Company in connection
with any  investigation  or review  of any  federal,  state or local  regulatory
authority as any such  investigation  or review relates to events or occurrences
that transpired  while Executive was employed by the Company.  The Company shall
provide  Executive  with  compensation  on an  hourly  basis (to be based on his
salary  in effect  at the Date of  Termination)  for  requested  litigation  and
regulatory cooperation that occurs after his termination of employment.

12. MISCELLANEOUS.  No provisions of this Agreement may be modified,  waived, or
discharged  unless  such  waiver,  modification,  or  discharge  is agreed to in
writing  and  signed by  Executive  and such  officer  of the  Company as may be
specifically  designated  by the Board.  No waiver by either party hereto of any
condition  or  provision  of this  Agreement to be performed by such other party
shall be deemed a waiver of similar or  dissimilar  provisions  or conditions at
the same or at any prior or subsequent  time. No agreements or  representations,
oral or otherwise,  express or implied,  unless specifically referred to herein,
with respect to the subject  matter  hereof have been made by either party which
are not set forth expressly in this Agreement. Any references herein to any year
shall mean the fiscal year of the Company.  Any use of  masculine  terms such as
"he" or "his" shall be deemed to mean the  corresponding  feminine  terms if the
Executive is female. The validity, interpretation, construction, and performance
of  this  Agreement  shall  be  governed  by the  laws  of the  Commonwealth  of
Massachusetts (without regard to principles of conflicts of laws).

                                       8
<PAGE>

         IN WITNESS  WHEREOF,  the parties  have  executed  this  Agreement as a
sealed instrument effective on the date and year first above written.

                                                   CENTENNIAL TECHNOLOGIES, INC.

                                                   By:  /S/  L. MICHAEL HONE
                                                      --------------------------
                                                        L. Michael Hone,
                                                        Chief Executive Officer

                                                   EXECUTIVE

                                                     /S/  JACQUES ASSOUR
                                                   -----------------------------
                                                    Jacques Assour

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