Document:

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                                                                   EXHIBIT 10.14

                         EXECUTIVE EMPLOYMENT AGREEMENT

      THIS EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is made and entered
into this 28th day of April, 2004, to be effective as of April 28, 2004 between
TASER International, Incorporated (the "Company"), located at 7860 East McClain
Drive, Suite 2, Scottsdale, Arizona 85260 and Daniel Behrendt (the "Executive").

                                   RECITALS:

      WHISEAS, the Company wishes to provide for the employment of Executive as
its Chief Financial Officer for the term, and on the conditions, set forth
herein; and

      WHISEAS, Executive desires to be assured of certain minimum compensation
from Company for Executive's services during the term hereof and to be
protected, and compensated, in the event of any change in the control affecting
the Company; and,

      WHISEAS, Company desires reasonable protection of Company's confidential
business and technical information which has been developed by the Company in
recent years at substantial expense.

      NOW, THISEFORE, in consideration of the mutual promises contained herein,
the Company and Executive each intend to be legally bound, covenant and agree as
follows:

1.    EMPLOYMENT. Upon the terms and conditions set forth in this Agreement,
Company hereby employs Executive as its Chief Financial Officer, and Executive
accepts such employment. Except as expressly provided herein, the termination of
this Agreement by either party shall also terminate Executive's employment by
Company.

2.    DUTIES. Executive shall devote his full-time and best efforts to the
Company and shall fulfill the duties of his position which shall include such
duties as may, from time to time, be assigned to him by the Chief Executive or
Board of Directors of the Company, provided such duties are reasonably
consistent with Executive's education, experience and background.

3.    TERM. Subject to the provisions of Sections 6 and 11 hereof, Executive's
employment shall commence on the effective date hereof ("Employment Date") and
continue for a period of one year, but shall be automatically extended, unless
otherwise terminated in accordance herewith, for additional consecutive one year
term on each anniversary date, thereafter, unless either party gives written
notice to the other of termination in accordance herewith. In any event, the
Agreement shall automatically terminate, without notice, when Executive reaches
70 years of age. If employment is

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      continued after the age of 70 by mutual agreement, it shall be terminable
      at will by either party.

      4.    COMPENSATION.

            (a)   2004-2005 Annual Base Salary. For services rendered under this
      Agreement during the first year of this Agreement, Company shall pay
      Executive a minimum Base Salary ("Base Salary") (Base Salary shall mean
      regular cash compensation paid on a periodic basis exclusive of any and
      all benefits, bonuses or other incentive payments made or obligated by
      Company to Executive hereunder) at an annual rate of $200,000, payable in
      accordance with existing payroll practices of the Company.. In subsequent
      years, based upon extensions of this Agreement, Executive's Base Salary
      shall be adjusted annually based upon a performance and compensation
      review conducted by the Compensation Committee of the Company's Board of
      Directors and negotiated and mutually agreed to, in good faith, between
      Executive and the Company's Board of Directors. Such review will be based
      upon both individual and Company performance and shall be completed by the
      anniversary date of each subsequent year. The foregoing 2004-2005 minimum
      Base Salary for Executive shall not prohibit Company's Board of Directors
      (or the Compensation Committee of Company's Board of Directors ), to set
      Executive's Base Salary during such initial one year term at an annual
      rate greater than that prescribed above; however in no instance shall
      Executive's Base Salary be less than that set forth above.

           (b)    Annual Year-End Cash Bonus. Executive shall also be eligible
      to earn an annual year-end cash bonus which shall be determined by a
      review at the discretion of the Company's Board of Director.

           (c)    Fringe Benefits. In addition to the compensation and incentive
      payments payable to Executive as provided in Sections 4(a) and (b) above:

                  (i)   Vacation. Executive shall be entitled to four (4) weeks
                        paid vacation each calendar year. All such paid vacation
                        shall accumulate, so that if Executive's full vacation
                        is not taken in a particular calendar year, any unused
                        portion shall be carried into subsequent years; however,
                        such accumulation shall not exceed an aggregate of four
                        (4) calendar weeks.

                  (ii)  Long Term Disability. The Company shall also maintain
                        (so long as such insurance is available at commercially
                        standard rates) long-term disability policy on Executive
                        providing for the payment to age 65 of benefit
                        equivalent to seventy percent (70%) of Executive's
                        annual Base Salary in the event Executive becomes
                        permanently disabled as defined in Section 6(b)(ii).

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            (iii) Other Benefits. The Executive shall be entitled to participate
                  in all other benefit programs offered by the Company to its
                  full-time executive employees, including, but not limited to,
                  health, medical, dental and eye care.

5.    BUSINESS EXPENSES. The Company shall, in accordance with, and to the
extent of, its policies in effect from time to time, bear all customary business
expenses (including the advancement of certain expenses) incurred by the
Executive in performing his duties as an executive of the Company, provided that
Executive accounts promptly such expenses to Company in the manner prescribed
from time to time by the Company.

6.    TERMINATION. Subject to the respective continuing obligations of the
parties pursuant to Sections 7, 8, 9, 10,11, 12 and 13, this Agreement may be
terminated prior to the expiration of its then remaining applicable term only as
follows:

      (a)   By the Company. The Company may terminate this Agreement under the
            following circumstances:

            (i)   For "Cause". Company may terminate this Agreement on thirty
                  (30) days written notice to Executive for "cause", including,
                  fraud, misrepresentation, theft or embezzlement of Company
                  assets, material intentional violations of law or Company
                  policies, or a material breach of the provisions of this
                  Agreement, including specifically the repeated failure to
                  perform his duties as required by Section 2 hereof after
                  written notice of such failure from Company; however, in the
                  event of termination related to Executive's performance,
                  Executive's termination shall only be effective upon the
                  expiration of a sixty (60) day cure period following a lack of
                  corrective action having been undertaken by Executive during
                  said cure period.

            (ii)  Without "Cause". The Company may terminate this Agreement upon
                  twelve (12) months written notice without "cause." The Base
                  Salary compensation due and owing by the Company to Executive
                  following either of such early terminations of this Agreement
                  shall be paid as set forth at Section 7(a)(iv) hereof.

      (b)   Death and Disability.

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            (i)   Death. If Executive should die during the term of this
                  Agreement, this Agreement shall thereupon terminate; provided,
                  however, that the Company shall pay to the Executive's
                  beneficiary or estate the compensation provided in Section
                  7(a)(ii) below.

            (ii)  Permanent Disability. In the event the Executive should become
                  permanently disabled during the term of this Agreement, this
                  Agreement shall also terminate. For the purposes hereof, a
                  permanent disability shall mean that disability resulting from
                  injury, disease or other cause, whether mental or physical,
                  which incapacitates the Executive from performing his normal
                  duties as an employee, appears to be permanent in nature and
                  contemplates the continuous, necessary and substantially
                  complete loss of all management and professional activities
                  for a continuous period of six (6) months.

            (iii) Partial Disability. If the Executive should become partially
                  disabled, he shall be entitled to his salary as provided
                  herein for a period of nine (9) months. At the end of said
                  period of time, if such Executive remains partially disabled,
                  the disabled Executive's salary shall be reduced according to
                  the amount of time the disabled Executive is able to devote to
                  the Company's business.

            (iv)  Temporary Disability. In the event the Executive should become
                  disabled, but such disability is not permanent, as defined
                  above, such disabled Executive shall be entitled to his salary
                  for a period of nine (9) months. If such temporary disability
                  continues longer than said period of time, then the disabled
                  Executive shall be deemed to have become permanently disabled
                  for the purposes of this Agreement at the end of said nine (9)
                  month period.

7.    COMPENSATION PAYABLE FOLLOWING EARLY TERMINATION.

      (a)   In the event of any termination pursuant to Section 6, Executive's
            Base Salary shall be paid as follows:

            (i)   In the event of termination pursuant to Section 6(a)(i) (for
                  "cause"), Executive's Base Salary shall continue to be paid on
                  a semi-monthly basis for sixty

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                  (60) days from the effective date of such termination and
                  Executive shall also be entitled to continue to participate in
                  those benefit programs provided by subsections 4(e)(iv-viii)
                  (inclusive), for twelve (12) months following such
                  termination, at Executive's expense;

            (ii)  In the event of termination of this Agreement by reason of
                  Executive's death, Executive's Base Salary shall terminate as
                  of the end of the eighteenth (18th) month following the
                  Executive's death;

            (iii) In the event of termination of this Agreement by reason of
                  disability, Executive's Base Salary shall be terminated as of
                  the end the eighteenth (18th) month period following
                  Executive's inability to perform his duties occurs; and

            (iv)  In the event of any termination by the Company pursuant to
                  Section 6(a)(ii) (without "cause"), Executive's Base Salary
                  shall be continued to be paid on a semi-monthly basis, but
                  shall terminate at the end of the twelve (12) month period
                  following such written notice of termination by the Company.
                  In lieu of such continued semi-monthly Base Salary, the
                  Company and Executive may agree to a lump-sum distribution to
                  Executive pursuant to such termination in a form, substance
                  and manner mutually acceptable to Company and Executive,
                  pursuant to a written Severance Agreement then mutually
                  negotiated between the Company and Executive in connection
                  with such termination.

      (b)   In the event of termination by reason of Executive's death,
            disability, termination without cause, or any Change in Control, as
            defined at Section 11:

            (i)   Executive shall receive a pro rata portion (prorated through
                  the last day Base Salary is payable pursuant to clauses
                  (a)(ii), (a)(iii) and (a)(iv), respectively) of any bonus or
                  incentive payment (for the year in which death, disability or
                  termination occurred), to which he would have been entitled
                  had he remained continuously employed for the full fiscal year
                  in which death, disability or termination occurred and
                  continued to perform his duties in the

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                  same manner as they were performed immediately prior to the
                  death, disability or termination;

            (ii)  The right to exercise any unexpired and non-vested stock
                  options previously granted Executive shall immediately vest
                  and accelerate; and

            (iii) Any and all payments owing to Executive arising from a
                  termination of this Agreement resulting from a permanent or
                  partial disability of Executive shall first be provided and
                  paid pursuant to the Company's existing disability policy, as
                  then in effect, but shall be further supplemented to the
                  extent provided by this Agreement but all such payments due
                  and owing to Executive arising from such permanent or partial
                  disability shall not be cumulative or aggregated.

8.    CONFIDENTIAL INFORMATION.

      (a)   For purposes of this Section 8, the term "Confidential Information"
            means information which is not generally known and which is
            proprietary to Company, including: (i) trade secret information
            about Company and its services; and (ii) information relating to the
            business of Company as conducted at any time within the previous two
            (2) years or anticipated to be conducted by Company, and to any of
            its past, current or anticipated products, including, without
            limitation, information about Company's research, development,
            services, purchasing, accounting, engineering, marketing, selling,
            leasing or servicing. All information which Executive has a
            reasonable basis to consider Confidential Information or which is
            treated by Company as being Confidential Information shall be
            presumed to be Confidential Information, whethis originated by
            Executive, or by others, and without regard to the manner in which
            Executive obtains access to such information.

      (b)   Executive will not during the term of this Agreement and following
            expiration or termination of this Agreement, use or disclose any
            Confidential Information to any person not employed by Company
            without the prior authorization of Company and will use reasonably
            prudent care to safeguard, protect and to prevent the unauthorized
            disclosure of, all of such Confidential Information.

9.    INVENTIONS.

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      (a)   For purposes of this Section 9, the term "Inventions" means
            discoveries, improvements and ideas (whethis or not in writing or
            reduced to practice) and works of authorship, whethis or not
            patentable or copyrightable: (1) which relate directly to the
            business of Company, or to Company's actual or demonstrably
            anticipated research or development; (2) which result from any work
            performed by Executive for Company; (3) for which equipment,
            supplies, facilities or trade secret information of Company is
            utilized; or (4) which were conceived or developed during the time
            Executive was obligated to perform the duties described in Section
            2.

      (b)   Executive agrees that all Inventions made, authored or conceived by
            Executive, either solely or jointly with others, during Executive's
            employment with Company (except as otherwise provided above), shall
            be the sole and exclusive property of Company. Upon termination of
            this Agreement, Executive shall turn over to a designated
            representative of Company all property in Executive's possession and
            custody belonging to Company. Executive shall not retain any copies
            or reproductions of correspondence, memoranda, reports, notebooks,
            drawings, photographs or other documents relating in any way to the
            affairs of Company which came into Executive's possession at any
            time during the term of this Agreement.

      Executive is hereby notified that this Agreement does not apply to any
invention for which no equipment, supplies, facility, or trade secret
information of Company was used and which was developed initially on the
Executive's own time and: (1) which does not relate: (a) directly to the
business of Company; or (b) to Company's actual or demonstrably anticipated
research or development; or (2) which does not result from any work performed by
Executive for the Company.

10.   NON-COMPETITION. Executive agrees that for a period of eighteen (18)
months following termination of this Agreement for any reason (except in the
case of termination of this Agreement pursuant to Section 11 because of a Change
in Control or any Business Combination or any termination of this Agreement
without cause), he will not directly or indirectly, alone or as a partner,
officer, director, or shareholder of any other firm or entity, engage in any
commercial activity in the United States in competition with any part of
Company's business: (a) that was under the Executive's management or supervision
during the last year of employment by Company; or (b) with respect to which
Executive has Confidential Information as defined in Section 8 of this
Agreement.

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11.   "BUSINESS COMBINATION" OR "CHANGE IN CONTROL".

      (a)   Change in Control. For purposes of this Section 11, a "Business
            Combination" or "Change in Control" with respect to, or concerning,
            the Company shall mean the following:

            (i)   the sale, lease, exchange or other transfer, directly or
                  indirectly of all or substantially all of the assets of the
                  Company (in one transaction or in a series of related
                  transactions) to a person or entity that is not controlled by
                  the Company;

            (ii)  the approval by the shareholders of the Company of any plan or
                  proposal for the liquidation or dissolution of the Company;

            (iii) a merger or consolidation to which the Company is a party if
                  the shareholders of the Company immediately prior to effective
                  date of such merger or consolidation have "beneficial
                  ownership" (as defined in Rule 13d-3 under the Securities
                  Exchange Act of 1934, as amended (the "Exchange Act")),
                  immediately following the effective date of such merger or
                  consolidation, of securities of the surviving corporation
                  representing: (A) more than 50%, but not more than 80%, of the
                  combined voting power of the surviving corporation's then
                  outstanding securities ordinarily having the right to vote at
                  elections of directors, unless such merger or consolidation
                  has been approved in advance by the Incumbent Directors; or
                  (B) 50% or less of the combined voting power of the surviving
                  corporation's then outstanding securities ordinarily having
                  the right to vote at elections of directors (regardless of any
                  approval by the Incumbent Directors);

            (iv)  any person becomes after the effective date of this Agreement
                  the "beneficial owner" (as defined in Rule 13d-3 of the
                  Exchange Act), directly or indirectly, of: (A) 20% or more,
                  but not 50% or more, of the combined voting power of the
                  Company's outstanding securities ordinarily having the right
                  to vote at elections of directors, unless the transaction
                  resulting in such ownership has been approved in advance by
                  the Incumbent Directors; or (B) 50% or more of the combined
                  voting power of the Company's

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                  outstanding securities ordinarily having the right to vote at
                  elections of directors (regardless of any approval by the
                  Incumbent Directors);

            (v)   the Incumbent Directors cease, for any reason, to constitute
                  at least a majority of the Company's Board; or

            (vi)  a change in control of the Company of a nature that would be
                  required to be reported pursuant to Section 13 or 15(d) of the
                  Exchange Act, whether or not the Company is then subject to
                  such reporting requirements.

      (b)   Incumbent Directors. For purposes of this Section 11, the term
            "Incumbent Directors" shall mean any individual who is a member of
            the Board of the Company on the effective date of this Agreement, as
            well as any individual who subsequently becomes a member of the
            Board whose election, or nomination for election by the Company's
            shareholders, was approved by a vote of at least a majority of the
            then Incumbent Directors (either by specific vote or by approval of
            the Proxy Statement of the Company in which such individual is named
            as a nominee for director without objection to such nomination).

      (c)   Executive's Option to Terminate This Agreement. It is expressly
            recognized by the parties that a Business Combination would
            necessarily result in material alteration or diminishment of
            Executive's position and responsibilities. Therefore, if, during the
            term of this Agreement, there shall occur, with or without the
            consent of Company, any Business Combination or Change in Control,
            Executive shall have an exclusive option to terminate this Agreement
            on twenty (20) calendar days' notice to the Company.

      (d)   Compensation Payable to Executive Upon Termination Following a
            Change in Control. It is expressly recognized that Executive's
            position with Company and agreement to be bound by the terms of this
            Agreement represent a commitment in terms of Executive's personal
            and professional career which cannot be reduced to monetary terms,
            and thus, necessarily constitutes a forbearance of options now and
            in the future open to Executive in Company's areas of endeavor.
            Accordingly, in the event Executive elects to terminate this
            Agreement in connection with any Business Combination or Change in
            Control under this Section 11:

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            (i)   Executive shall be under no obligation whatever to seek other
            employment opportunities during any period between termination of
            this Agreement under this Section 11 and the expiration of
            Executive's then unexpired term of this Agreement as it existed at
            the time of termination, or twenty-four (24) months, whichever is
            longer, and Executive shall not be obligated to accept any other
            employment opportunity which may be offered to Executive during such
            period;

            (ii)  During such unexpired term of this Agreement, or for twelve
            (12) months thereafter, whichever is longer, Executive shall
            continue to receive on a semimonthly basis, Executive's Base Salary
            then in effect upon the date of such notice to the Company
            hereunder;

            (iii) In lieu of the continued cash compensation provided in Section
            11(d)(ii) above, Executive may elect, in writing, to receive from
            the Company a lump sum cash settlement in an amount equal to 199% of
            Executive's then existing Base Salary for twelve (12) months (at the
            rate in effect immediately prior to such Business Combination);
            provided, however, Executive's election to receive a lump sum cash
            settlement from the Company, in lieu of the semi-monthly payments
            specified above, shall occur and be paid within 90 days of the
            termination of this Agreement arising from any such Business
            Combination or any Change in Control.

            (iv)  Executive's termination of this Agreement by reason of a
            Change in Control described in this Section 11 and the receipt by
            Executive of any amounts pursuant to subsection 11(d), shall not
            preclude Executive' continued employment with Company, or the
            surviving entity in any Business Combination, on such terms as shall
            then be mutually negotiated between Company (or any such surviving
            entity) and Executive following such termination;

            (v)   The right to exercise all unexpired and non-vested stock
            options in favor of Executive shall immediately vest and accelerate;

            (vi)  Executive shall be entitled to continue to participate in
            those benefit programs and perquisites provided by subsection 4(c)
            hereof, for twelve (12) months following termination, at the
            Company's expense; and

<PAGE>

            (vii) Notwithstanding any other provisions of this Agreement, or any
            other agreement, contract or understanding heretofore, or hereafter,
            entered into between the Company and Executive, if any "payments"
            (including without limitation, any benefits or transfers of property
            or the acceleration of the vesting of any benefits) and the nature
            of compensation under any arrangement that is considered contingent
            on a change in control for purpose of Section 2800 of the Internal
            Revenue Code of 1986, as amended (the "Code"), together with any
            other payments that Executive has the right to receive from the
            Company, or any corporation that is a member of an "affiliated
            group" (as defined in Section 1504A of the Code without regard to
            Section 1504B of the Code), of which the Company is a member, would
            constitute a "parachute payment" (as defined in Section 2800 of the
            Code), the aggregate amount of such payments shall be reduced to
            equal the largest amount as would result in no portion of such
            payments being subject to the excise tax imposed by Section 4999 of
            the Code; provided however, Executive shall be entitled to designate
            and select among such payments that will be reduced, and/or
            eliminated, in order to comply with the forgoing provision of the
            Code.

12.   NO ADEQUATE REMEDY. The parties declare that is impossible to measure in
money the damages which will accrue to either party by reason of a failure to
perform any of the obligations under this Agreement. Therefore, if either party
shall institute any action or proceeding to enforce the provisions hereof, such
person against whom such action or proceeding is brought hereby waives the claim
or defense that such party has an adequate remedy at law, and such person shall
not urge in any such action or proceeding the claim or defense that such party
has an adequate remedy at law.

13.   MISCELLANEOUS.

      (a)   Successors and Assigns. This Agreement shall be binding upon and
            inure to the benefit of all successors and assigns of the Company,
            whether by way of merger, consolidation, operation of law,
            assignment, purchase or other acquisition of substantially all of
            the assets or business of Company and shall only be assignable under
            the foregoing circumstances and shall be deemed to be materially
            breached by Company if any such successor or assign does not
            absolutely and unconditionally assume all of Company's obligations
            to Executive hereunder. Any such successor or assign shall be
            included in the term "Company" as used in this Agreement.

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      (b)   Notices. All notices, requests and demands given to, or made,
            pursuant hereto shall, except as otherwise specified herein, be in
            writing and be delivered or mailed to any such party at its address
            which:

            (i)   In the case of Company shall be:

                  TASER International, Incorporated
                  7339 East Evans Road
                  Scottsdale, Arizona 85260

                  With a copy to:

                  Thomas P. Palmer, Esq.
                  Tonkon Torp, LLP
                  1600 Pioneer Tower
                  888 SW Fifth Avenue
                  Portland, Oregon 97204

            (ii)  In the case of the Executive shall be:

                  Daniel Behrendt
                  2126 Campus Road
                  Beachwood, OH 44122

      Either party may, by notice hereunder, designate a change of address. Any
notice, if mailed properly addressed, postage prepaid, registered or certified
mail, shall be deemed dispatched on the registered date or that stamped on the
certified mail receipt, and shall be deemed received within the fifth business
day thereafter, or when it is actually received, whichever is sooner.

      (c)   Captions. The various headings or captions in this Agreement are for
            convenience only and shall not affect the meaning or interpretation
            of this Agreement.

      (d)   Governing Law. The validity, construction and performance of this
            Agreement shall be governed by the laws of the State of Arizona. Any
            dispute involving or affecting this agreement, or the services to be
            performed shall be determined and resolved by binding arbitration in
            the County of Maricopa, State of Arizona, in accordance with the
            Commercial Arbitration Rules of the American Arbitration
            Association.

      (e)   Construction. Wherever possible, each provision of this

<PAGE>

            Agreement shall be interpreted in such manner as to be effective and
            valid under applicable law, but if any provision of this Agreement
            shall be prohibited by or invalid under applicable law, such
            provision shall be ineffective only to the extent of such
            prohibition or invalidity without invalidating the remainder of such
            provision or the remaining provisions of this Agreement.

      (f)   Waivers. No failure on the part of either party to exercise, and no
            delay in exercising, any right or remedy hereunder shall operate as
            a waiver thereof, nor shall any single or partial exercise of any
            right or remedy hereunder preclude any other or further exercise
            thereof or the exercise of any right or remedy granted hereby or by
            any related document or by law.

      (g)   Modification. This Agreement may not be, and shall not be, modified
            or amended except by a written instrument signed by both parties
            hereto.

      (h)   No Conflicting Business. Executive agrees that he will not, during
            the term of this Agreement, transact business with the Company
            personally, or as an agent, owner, partner, shareholder of any other
            entity; provided, however, Executive may enter into any business
            transaction that is, in the opinion of the Company's Board of
            Directors, reasonable, prudent or beneficial to the Company, so long
            as any such business transaction is at arms-length as though between
            independent and prudent individuals and is ratified and approved by
            the designated members of the Company's Board of Directors.

      (i)   Entire Agreement. This Agreement constitutes the entire Agreement
            and understanding between the parties hereto in reference to all the
            matters herein agreed upon; provided, however, that this Agreement
            shall not deprive Executive of any other rights Executive may have
            now, or in the future, pursuant to law or the provisions of Company
            benefit plans.

      (j)   Counterparts. This Agreement shall be executed in at least two
            counterparts, each of which shall constitute an original, but both
            of which, when taken together, will constitute one in the same
            instrument.

      (k)   Amendment. This Agreement may be modified only by written agreement
            executed by both parties hereto.

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      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered the day and year first above written.

                            TASER INTERNATIONAL, INCORPORATED
                              ________________________________
                            Its: Chief Executive Officer

                            EXECUTIVE

                            __________________________________
                            Daniel Behrendt<PAGE>
                                                                   Exhibit 10.15

                            TASER INTERNATIONAL, INC.

                             2004 STOCK OPTION PLAN

           (APPROVED BY THE BOARD OF DIRECTORS ON JANUARY 30, 2004 AND
           SUBJECT TO STOCKHOLDER APPROVAL AT THE 2004 ANNUAL MEETING)

                             SECTION 1. INTRODUCTION

Taser International, Inc. has adopted this 2004 Stock Option Plan providing for
the grant of stock options to certain eligible individuals who have or will
render services to the Company. This Plan has been approved by the Board of
Directors of the Company effective January 30, 2004 and is subject to
Stockholder approval at the 2004 Annual Meeting.

The purpose of the Plan is to advance the interests of the Company and its
stockholders by enhancing the Company's ability to attract and retain qualified
persons to perform services for the Company, by providing incentives to such
persons to put forth maximum efforts for the Company and by rewarding persons
who contribute to the achievement of the Company's economic objectives. The Plan
seeks to achieve this purpose by providing for Options which may constitute
Incentive Stock Options or Non-qualified Stock Options.

                           SECTION 2. ADMINISTRATION

SECTION 2.1 COMMITTEE COMPOSITION.

The Plan shall be administered by the Compensation Committee of the Board of
Directors consisting of not less than three persons. Members of such committee
shall be appointed from time to time by the Board, shall serve at the pleasure
of the Board and may resign at any time upon written notice to the Board. As
used in this Plan, the term "Committee" will refer to such Compensation
Committee.

SECTION 2.2 COMMITTEE RESPONSIBILITIES.

        (a) The Committee shall have the authority to recommend to the Board for
its consideration and approval (i) the Employees, Outside Directors and
Consultants who are to receive Options under the Plan, (ii) the time or times
when Options will be granted, (iii) the type, number, exercise price, vesting
requirements and other features and conditions of such Options, (iv) the
duration of each Option, (v) the restrictions and conditions to which the
exercisability of Options may be subject, and (vi) such other provisions of the
Options as the Committee may deem necessary or desirable and as are consistent
with the terms of the Plan. The Committee shall determine the form or forms of
the Stock Option Agreements with Optionees which shall evidence the particular
terms, conditions, rights and duties of the Company and the Optionees with
respect to Options granted pursuant to the Plan, which agreement shall be
consistent with the provisions of the Plan.

        (b) With the consent of the Optionee affected thereby, and subject to
the consideration and approval of the Board, the Committee may amend or modify
the terms of any outstanding Option in any manner, provided that the amended or
modified terms are permitted by the Plan as then in effect. Without

Stock Option Plan- Page 1
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limiting the generality of the foregoing sentence, the Committee may, with the
consent of the Optionee affected thereby and subject to consideration and
approval of the Board, modify the exercise price, number of shares, or other
terms and conditions of an Option, extend the term of an Option, accelerate the
exercisability or vesting or otherwise terminate any restrictions relating to an
Option, accept surrender of any outstanding Option, or, to the extent not
previously exercised or vested, authorize the grant of new Options in
substitution for surrendered Options.

        (c) The Committee shall have the authority to interpret the Plan and,
subject to the provisions of the Plan, to establish, adopt and revise such rules
and regulations relating to the Plan as it may deem necessary or advisable for
the administration of the Plan. The Committee's decisions and determinations
under the Plan need not be uniform and may be made selectively among Optionees,
whether or not such Optionees are similarly situated. Each determination,
interpretation, or other action made or taken by the Committee pursuant to the
provisions of the Plan shall be conclusive and binding for all purposes. No
member of the Committee shall be liable for any action or determination made in
good faith with respect to the Plan or any Option granted under the Plan.

                     SECTION 3. SHARES AVAILABLE FOR GRANTS

SECTION 3.1 BASIC LIMITATION.

The maximum number of shares of Common Stock that shall be authorized and
reserved for issuance under the Plan shall be 1,500,000 shares, $.00001 par
value on a post January 26, 2004 stock split basis. The limitation of this
Section 3.1 shall be subject to adjustment pursuant to Section 3.3.

SECTION 3.2 ADDITIONAL SHARES AVAILABLE FOR USE.

If Options are forfeited or terminate for any other reason before being
exercised, then the corresponding Common Stock shall again become available for
the grant of Options under the Plan. Also, previously acquired shares of Common
Stock which are tendered by the Optionee to the Company in whole or partial
satisfaction of the Exercise Price pursuant to Section 6.2, or in whole or
partial satisfaction of withholding obligations pursuant to Section 10.2, shall
become available for use under the Plan to the extent permitted by Rule 16b-3 of
the Exchange Act. The aggregate number of shares of Common Stock that may be
issued under the Plan upon the exercise of Incentive Stock Options shall in no
event exceed 5,000,000 shares.

SECTION 3.3 ADJUSTMENT TO SHARES.

In the event of a stock split, any reorganization, merger, consolidation,
recapitalization, liquidation, reclassification, stock dividend payable in
Common Stock, extraordinary dividend or divestiture (including a spin-off), a
combination or consolidation of the outstanding Common Stock (by
reclassification or otherwise) into a lesser number of shares of Common Stock,
or any other change in the corporate structure or shares of the Company, the
Committee (or, if the Company is not the surviving corporation in any such
transaction, the board of directors of the surviving corporation) shall make
appropriate adjustments (which determination shall be conclusive) as to one or
more of:

        (a) The number of and kind of securities subject to and reserved under
the Plan;

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        (b) In order to prevent dilution or enlargement of the rights of
Optionees, the number, kind and Exercise Price of securities subject to
outstanding Options;

        (c) The limitations set forth in Section 5.2.

        Without limiting the generality of the foregoing, in the event that any
of such transactions are effected in such a way that holders of Common Stock
shall be entitled to receive stock, securities, or assets, including cash, with
respect to or in exchange for such Common Stock, all Optionees holding
outstanding Options shall upon the exercise of such Options receive, in lieu of
any shares of Common Stock they may be entitled to receive, such stock,
securities, or assets, including cash, as would have been issued to such
Optionees if their Options had been exercised and such Optionees had received
Common Stock prior to such transaction.

        Notwithstanding the provisions of this Section 3.3, there shall be no
adjustment to the shares authorized pursuant to this Plan for an event described
in Section 3.3 that occurs before or simultaneously with the effective date of
this Plan.

        Except as provided in this Section 3.3, an Optionee shall have no rights
by reason of any issue by the Company of stock of any class or securities
convertible into stock of any class, any subdivision or consolidation of shares
of stock of any class, the payment of any stock dividend or any other increase
or decrease in the number of shares of stock of any class.

                             SECTION 4. ELIGIBILITY

SECTION 4.1 NON-QUALIFIED STOCK OPTIONS.

Only Employees, Outside Directors and Consultants shall be eligible for the
grant of NSOs.

SECTION 4.2 INCENTIVE STOCK OPTIONS.

Only Employees who are common-law employees of the Company, a Parent or a
Subsidiary shall be eligible for the grant of Incentive Stock Options. In
addition, an Employee who owns more than 10% of the total combined voting power
of all classes of outstanding stock of the Company or any of its Parents or
Subsidiaries shall not be eligible for the grant of an Incentive Stock Option
unless the requirements set forth in Section 422(c)(6) of the Code are
satisfied.

                            SECTION 5. STOCK OPTIONS

SECTION 5.1 STOCK OPTION AGREEMENT.

Each grant of an Option under the Plan shall be evidenced by a Stock Option
Agreement between the Optionee and the Company. Such Option shall be subject to
all applicable terms of the Plan and may be subject to any other terms that are
not inconsistent with the Plan as shall be determined by the Committee in its
discretion and upon consideration and approval of the Board. The provisions of
the various Stock Option Agreements entered into under the Plan need not be
identical. Options shall be granted for no cash consideration unless minimal
cash consideration is required by applicable law.

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<PAGE>
SECTION 5.2 NUMBER OF SHARES.

Each Stock Option Agreement shall specify the number of Common Stock subject to
the Option. Options granted to any Optionee in a single fiscal year of the
Company shall not cover more than 225,000 shares of Common Stock, except that
Options granted to a new Employee in the fiscal year of the Company in which his
or her service as an Employee first commences shall not cover more than 300,000
shares of Common Stock. The limitations set forth in the preceding sentence
shall be subject to adjustment in accordance with Section 3.3.

SECTION 5.3 EXERCISE PRICE.

        (a) Incentive Stock Options.

The Exercise Price per share to be paid by the Optionee at the time an Incentive
Stock Option is exercised shall be determined by the Committee, in its
discretion and upon consideration and approval of the Board; provided, however
that the such price shall not be less than (i) 100% of the Fair Market Value of
one share of Common Stock on the date the Option is granted, or (ii) 110% of the
Fair Market Value of one share of Common Stock on the date the Option is granted
if, at the time the Option is granted, the Optionee owns, directly or indirectly
(as determined pursuant to Section 424(d) of the Code), more than 10% of the
total combined voting power of all classes of stock of the Company or any
Subsidiary or Parent corporation of the Company (within the meaning of Sections
424(f) and 424(e), respectively, of the Code).

        (b) Non-qualified Stock Options.

The Exercise Price per share to be paid by the Optionee at the time an NSO is
exercised shall be determined by the Committee, in its discretion and upon
consideration and approval of the Board; provided, however that the such price
shall not be less than 85% of the Fair Market Value of one share of Common Stock
on the date the Option is granted.

SECTION 5.4 EXERCISABILITY AND TERM.

An Option shall become exercisable at such times and in such installments (which
may be cumulative) as shall be determined by the Committee in its discretion at
the time the Option is granted. Upon the completion of its term, an Option, to
the extent not then exercised, shall expire.

        (a) Incentive Stock Options.

The period during which an Incentive Stock Option may be exercised shall be
fixed by the Committee in its discretion and upon consideration and approval of
the Board at the time such Option is granted; provided that the term of an
Incentive Stock Option shall in no event exceed (i) 10 years from the date of
grant, or (ii) 5 years from the date of grant if, at the time the Option is
granted, the Optionee owns, directly or indirectly (as determined pursuant to
Section 424(d) of the Code), more than 10% of the total combined voting power of
all classes of stock of the Company or any Subsidiary or Parent corporation of
the Company (within the meaning of Sections 424(f) and 424(e), respectively, of
the Code).

        (a) Non-qualified Stock Options.

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The period during which an NSO may be exercised shall be fixed by the Committee
in its discretion and upon consideration and approval of the Board at the time
such Option is granted.

SECTION 5.5 MANNER OF EXERCISE.

An Option may be exercised by an Optionee in whole or in part from time to time,
subject to the conditions contained herein and in the Stock Option Agreement, by
delivery, in person or through certified or registered mail, of written notice
of exercise to the Company at its principal executive office (Attention: Chief
Financial Officer), and by paying in full the total Option Exercise Price for
the shares of Common Stock purchased. Such notice shall be in a form
satisfactory to the Committee and shall specify the particular Option (or
portion thereof) that is being exercised and the number of shares with respect
to which the Option is being exercised. Subject to compliance with Section 11.1
of the Plan, the exercise of the Option shall be deemed effective upon receipt
of such notice and payment complying with the terms of the Plan and the Stock
Option Agreement.

        As soon as practicable after the effective exercise of the Option, the
Optionee shall be recorded on the stock transfer books of the Company as the
owner of the shares purchased, and the Company shall deliver to the Optionee one
or more duly issued stock certificates evidencing such ownership. If an Optionee
exercises any Option with respect to some, but not all, of the shares of Common
Stock subject to such Option, the right to exercise such Option with respect to
the remaining shares shall continue until it expires or terminates in accordance
with its terms. An Option shall only be exercisable with respect to whole
shares.

                      SECTION 6. PAYMENT FOR OPTION SHARES

SECTION 6.1 GENERAL RULE.

The entire Exercise Price of Common Stock issued upon exercise of Options shall
be payable in cash or cash equivalents at the time when such shares of Common
Stock are purchased, provided, however, that the Committee, in its discretion
upon the original grant or thereafter, and upon the consideration and approval
of the Board, may allow such payments to be made in any form described in this
Section 6. In determining whether or upon what terms and conditions an Optionee
will be permitted to pay the Exercise Price of an Option in a form other than
cash, the Committee may consider all relevant facts and circumstances including,
without limitation, the tax and securities law consequences to the Optionee and
the Company and the financial accounting consequences to the Company.

SECTION 6.2 SURRENDER OF STOCK.

To the extent that this Section 6.2 is applicable, an Optionee may pay all or
any part of the Exercise Price by surrendering, or attesting to the ownership
of, shares of Common Stock that are already owned by the Optionee. Such shares
of Common Stock shall be valued at their Fair Market Value on the date when the
new shares of Common Stock are purchased under the Plan.

SECTION 6.3 EXERCISE/SALE.

To the extent that this Section 6.3 is applicable, an Optionee may pay all or
any part of the Exercise Price and any withholding taxes by delivering (on a
form prescribed by the Company) an irrevocable direction

Stock Option Plan- Page 5
<PAGE>
to a securities broker approved by the Company to sell all or part of the Common
Stock being purchased under the Plan and to deliver all or part of the sales
proceeds to the Company.

SECTION 6.4 EXERCISE/PLEDGE.

To the extent that this Section 6.4 is applicable, all or any part of the
Exercise Price and any withholding taxes may be paid by delivering (on a form
prescribed by the Company) an irrevocable direction to pledge all or part of the
Common Stock being purchased under the Plan to a securities broker or lender
approved by the Company, as security for a loan, and to deliver all or part of
the loan proceeds to the Company.

SECTION 6.5 PROMISSORY NOTE.

To the extent that this Section 6.5 is applicable, all or any part of the
Exercise Price and any withholding taxes may be paid by delivering (on a form
prescribed by the Company) a full-recourse promissory note. However, the par
value of the Common Stock being purchased under the Plan, if newly issued, shall
be paid in cash or cash equivalents.

SECTION 6.6 OTHER FORMS OF PAYMENT.

To the extent that this Section 6.6 is applicable, all or any part of the
Exercise Price and any withholding taxes may be paid in any other form that is
consistent with applicable laws, regulations and rules.

SECTION 6.7 DISPOSITION OF COMMON STOCK ACQUIRED PURSUANT TO THE EXERCISE OF
            INCENTIVE STOCK OPTIONS.

Prior to making a disposition (as defined in Section 424(c) of the Code) of any
shares of Common Stock acquired pursuant to the exercise on an Incentive Stock
Option granted under the Plan before the expiration of two years after its date
of grant or before the expiration of one year after its date of exercise, the
Optionee shall send written notice to the Company of the proposed date of such
disposition, the number of shares to be disposed of, the amount of proceeds to
be received from such disposition and any other information relating to such
disposition that the Company may reasonably request. The right of an Optionee to
make any such disposition shall be conditioned on the receipt by the Company of
all amounts necessary to satisfy any federal, state or local withholding and
employment-related tax requirements attributable to such disposition. The
Committee shall have the right, in its sole discretion, to endorse the
certificates representing such shares with a legend restricting transfer and to
cause a stop transfer order to be entered with the Company's transfer agent
until such time as the Company receives the amounts necessary to satisfy such
withholding and employment-related tax requirements or until the later of the
expiration of two years from its date of grant or one year from its date of
exercise.

SECTION 6.8 AGGREGATE LIMITATION OF STOCK SUBJECT TO INCENTIVE STOCK OPTIONS.

To the extent that the aggregate Fair Market Value (determined as of the date an
Incentive Stock Option is granted) of the shares of Common Stock with respect to
which Incentive Stock Options (within the meaning of Section 422 of the Code)
are exercisable for the first time by an Optionee during any calendar year
(under the Plan and any other incentive stock option plans of the Company or any
Subsidiary or any parent corporation of the Company) exceeds $100,000 (or such
other amount as may be prescribed by the Code from time to time), such excess
Options shall be treated as Non-qualified Stock Options. The determination shall
be made by taking Incentive Stock Options into account in the order in which
they were granted. If such excess only applies to a portion of an Incentive
Stock Option, the Committee, in its

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discretion, shall designate which shares shall be treated as shares acquired
upon exercise of an Incentive Stock Option.

        SECTION 7. EFFECT OF TERMINATION OF EMPLOYMENT OR OTHER SERVICE

SECTION 7.1 TERMINATION OF EMPLOYMENT OR OTHER SERVICE DUE TO DEATH, DISABILITY,
            OR RETIREMENT.

Except as otherwise provided in the Plan, or as otherwise determined by the
Committee upon consideration and approval of the Board, either at the time an
Option is granted or thereafter, in the event an Optionee's employment or other
service with the Company and all Subsidiaries or Parent is terminated by reason
of such Optionee's death, Disability or Retirement, all outstanding Options then
held by the Optionee shall become immediately exercisable in full and remain
exercisable after such termination for a period of three months in the case of
Retirement and one year in the case of death or Disability (but in no event
after the expiration date of any such Option).

SECTION 7.2 TERMINATION OF EMPLOYMENT OF OTHER SERVICE FOR REASONS OTHER THAN
            DEATH, DISABILITY OR RETIREMENT.

Except as otherwise provided in the Plan, or as otherwise determined by the
Committee upon consideration and approval of the Board, either at the time an
Option is granted or thereafter, in the event an Optionee's employment or other
service with the Company and all Subsidiaries or Parent in relation to which the
Option was granted is terminated for any reason other than death, Disability or
Retirement, all rights of the Optionee shall immediately terminate without
notice of any kind, and no Options then held by the Optionee shall thereafter be
exercisable; provided, however, that if such termination is due to any reason
other than termination by the Company or any Subsidiary or Parent for "cause,"
all outstanding Options then held by such Optionee shall remain exercisable for
a period of three months after such termination (but in no event after the
expiration date of any such Option). For purposes of this Section 7.2, "cause"
shall be as defined in any employment or other agreement or policy applicable to
the Optionee or, if no such agreement or policy exists, shall mean (a) the
unauthorized use or disclosure of the confidential information or trade secrets
of the Company, which use or disclosure causes material harm to the Company, (b)
any material breach of a non-competition agreement entered into with the
Company, (c) conviction of, or a plea of "guilty" or "no contest" to, a felony
under the laws of the United States or any state thereof, (d) gross negligence
or (d) continued failure to perform assigned duties after receiving written
notification from the Board. The foregoing shall not be deemed an exclusive list
of all acts or omissions that the Company (or a Parent or Subsidiary) may
consider grounds for the discharge of the Optionee.

SECTION 7.3 MODIFICATION OF EFFECT OF TERMINATION.

Notwithstanding the provisions of this Section 7, upon an Optionee's termination
of employment or other service with the Company and all Subsidiaries or Parent
with respect to which Options were granted, the Committee may, in its sole
discretion upon consideration and approval of the Board (which discretion may be
exercised before or following such termination), cause Options, or any portions
thereof, then held by such Optionee to become exercisable and remain exercisable
following such termination in the manner determined by the Committee and
approved by the Board; provided, however, that no Option shall be exercisable
after the expiration date thereof, and any Incentive Stock Option that remains
unexercised more than three months following employment termination by reason of
Retirement or more than one

                           Stock Option Plan- Page 7
<PAGE>
year following employment termination by reason of death or Disability shall
thereafter be deemed to be a Non-qualified Stock Option.

                          SECTION 8. CHANGE OF CONTROL

SECTION 8.1 ACCELERATION OF VESTING.

If a Change of Control of the Company shall be about to occur or shall occur,
the Committee, in its discretion and upon consideration and approval of the
Board, may determine that all outstanding Options shall become immediately
exercisable in full and shall remain exercisable during the remaining term
thereof, regardless of whether the employment or other status of the Optionees
with respect to which Options have been granted shall continue with the Company
or any Subsidiary, subject to the following limitations: If the Company and the
other party to the transaction constituting a Change in Control agree that such
transaction is to be treated as a "pooling of interests" for financial reporting
purposes, and if such transaction in fact is so treated, then the acceleration
of exercisability shall not occur to the extent that the Company's independent
accountants and such other party's independent accountants each determine in
good faith that such acceleration would preclude the use of "pooling of
interests" accounting.

SECTION 8.2 CASH PAYMENT.

If a Change in Control of the Company shall be about to occur or shall occur,
then the Committee, in its discretion and upon consideration and approval of the
Board and without the consent of any Optionee effected thereby, may determine
that some or all Optionees holding outstanding Options shall receive, with
respect to some or all of the shares of Common Stock subject to such Options, as
of the effective date of any such Change of Control of the Company, cash in an
amount equal to the excess of the Fair Market Value of such shares immediately
prior to the effective date of such Change of Control over the Exercise Price of
such Options.

SECTION 8.3 LIMITATION ON CHANGE OF CONTROL PAYMENTS.

Notwithstanding any provision of Sections 8.1 or 8.2 above to the contrary, if,
with respect to an Optionee, the acceleration of the exercisability of an Option
as provided for in Section 8.1 or the payment of cash in exchange for all or
part of an Option as provided in Section 8.2 (which acceleration or payment
could be deemed a "payment" within the meaning of Section 280G(b)(2) of the
Code), together with any other payments which such Optionee has the right to
receive from the Company or any corporation which is a member of an "affiliated
group" (as defined in Section 1504(b) of the Code) of which the Company is a
member, would constitute a "parachute payment" (as defined in Section 280G(b)(2)
of the Code), then the acceleration of exercisability and the payments to such
Optionee pursuant to Sections 8.1 and 8.2 above shall be reduced to the largest
extent or amount as, in the sole judgment of the Committee, will result in no
portion of such payments being subject to the excise tax imposed by Section 4999
of the Code.

Stock Option Plan- Page 8
<PAGE>
                        SECTION 9. LIMITATION ON RIGHTS

SECTION 9.1 EMPLOYMENT OR SERVICE.

Nothing in the Plan shall interfere with or limit in any way the right of the
Company or any Subsidiary or Parent to terminate the employment or service of
any Employee, Outside Director or Consultant at any time, or confer upon any
Employee, Outside Director or Consultant any right to continue in the employ or
service of the Company or any Subsidiary or Parent.

SECTION 9.2 STOCKHOLDERS' RIGHTS.

An Optionee shall have no dividend rights, voting rights or other rights as a
stockholder with respect to any Common Stock covered by his or her Option prior
to the time when a stock certificate for such Common Stock is issued or, in the
case of an Option, the time when he or she becomes entitled to receive such
Common Stock by filing a notice of exercise and paying the Exercise Price. No
adjustment shall be made for cash dividends or other rights for which the record
date is prior to such time, except as expressly provided in the Plan.

SECTION 9.3 RESTRICTIONS ON TRANSFER.

Other than pursuant to a qualified domestic relations order (as defined by the
Code), no right or interest of any Optionee in an Option prior to the exercise
of such Option shall be assignable or transferable, or subjected to any lien,
during the lifetime of the Optionee, either voluntarily or involuntarily,
directly or indirectly, by operation of law or otherwise, including execution,
levy, garnishment, attachment, pledge, divorce, or bankruptcy. In the event of
an Optionee's death, such Optionee's rights and interest in Options shall be
transferable by testamentary will or the laws of descent and distribution, any
payment of any amounts due under the Plan shall be made to, and exercise of any
Options (to the extent permitted pursuant to Section 7 of the Plan) may be made
by the Optionee's legal representatives, heirs or legatees.

If, in the opinion of the Committee, an Optionee holding an Option is disabled
from caring for his or her affairs because of a mental condition, physical
condition, or age, any payments due the Optionee may be made to, and any rights
of the Optionee under the Plan shall be exercised by, such Optionee's guardian,
conservator, or other legal personal representative upon furnishing the
Committee with evidence satisfactory to the Committee of such status.

SECTION 9.4 NON-EXCLUSIVITY OF THE PLAN.

Nothing contained in the Plan is intended to amend, modify, or rescind any
previously approved compensation plans or programs entered into by the Company.
The Plan will be construed to be in addition to any and all other such plans or
programs. Neither the adoption of the Plan nor the submission of the Plan to the
stockholders of the Company for approval will be construed as creating any
limitations on the power or authority of the Board to adopt such additional or
other compensation arrangements as the Board may deem necessary or desirable.

Stock Option Plan- Page 9
<PAGE>
                         SECTION 10. WITHHOLDING TAXES

SECTION 10.1 GENERAL.

To the extent required by applicable federal, state, local or foreign law, an
Optionee or his or her successor shall make arrangements satisfactory to the
Company for the satisfaction of any withholding tax obligations that arise in
connection with the Plan. The Company shall not be required to issue any Common
Stock or make any cash payment under the Plan until such obligations are
satisfied.

SECTION 10.2 SHARE WITHHOLDING.

The Committee, in its discretion and upon consideration and approval of the
Board, may permit an Optionee to satisfy all or part of his or her withholding
or income tax obligations by having the Company withhold all or a portion of any
Common Stock that otherwise would be issued to him or her or by surrendering all
or a portion of any Common Stock that he or she previously acquired. Such shares
of Common Stock shall be valued at their Fair Market Value on the date when
taxes otherwise would be withheld in cash.

                    SECTION 11. SECURITIES LAW RESTRICTIONS

SECTION 11.1 SHARE ISSUANCE.

Notwithstanding any other provision of the Plan or any agreements entered into
pursuant hereto, the Company shall not be required to issue or deliver any
certificate for shares of Common Stock under this Plan, and an Option shall not
be considered to be exercised notwithstanding the tender by the Optionee of any
consideration therefore, unless and until each of the following conditions has
been fulfilled:

        (a) (i) There has be in effect with respect to such shares a
registration statement under the Securities Act and any applicable state
securities laws if the Committee, in its sole discretion, shall have determined
to file, cause to become effective, and maintain the effectiveness of such
registration statement; or (ii) if the Committee has determined not to so
register the shares of Common Stock to be issued under the Plan, (A) exemptions
from registration under the Securities Act and applicable state securities laws
shall be available for such issuance (as determined by counsel to the Company)
and (B) there shall have been received from the Optionee (or, in the event of
death or disability, the Optionee's heir(s) or legal representative(s)), any
representations or agreements requested by the Company in order to permit such
issuance to be made pursuant to such exemptions; and

        (b) There shall have been obtained any other consent, approval, or
permit from any state or federal governmental agency which the Committee shall,
in its sole discretion upon the advise of counsel, deem necessary or advisable.

SECTION 11.2 SHARE TRANSFERS.

Shares of Common Stock issued pursuant to Options granted under the Plan may not
be sold, assigned, transferred, pledged, encumbered, or otherwise disposed of,
whether voluntarily or involuntarily, directly or indirectly, by operation of
law or otherwise, except pursuant to registration under the Securities Act and
applicable state securities laws or pursuant to exemptions from such
registrations. The Company may condition the sale, assignment, transfer, pledge,
encumbrance, or other disposition of such shares not

Stock Option Plan- Page 10
<PAGE>
issued pursuant to an effective and current registration statement under the
Securities Act and all applicable state securities laws on the receipt from the
party to whom the shares of Common Stock are to be so transferred of any
representations or agreements requested by the Company in order to permit such
transfer to be made pursuant to exemptions from registration under the
Securities Act and applicable state securities laws.

SECTION 11.3 HOLDING PERIOD REQUIREMENTS.

Any Options granted and any Common Stock acquired pursuant to the exercise of
Options under this Plan may be subject to a six-month holding requirement from
the grant date in order for the transaction to be exempt from the short-swing
trading profits provision of Section 16(b) of the Exchange Act.

SECTION 11.4 LEGENDS.

        (a) Unless a registration statement under the Securities Act and
applicable state securities laws is in effect with respect to the issuance or
transfer of shares of Common Stock under the Plan, each certificate representing
any such shares shall be endorsed with a legend in substantially the following
form, unless counsel for the Company is of the opinion as to any such
certificate that such legend is unnecessary:

THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED ("THE ACT"), OR UNDER APPLICABLE STATE SECURITIES LAWS.
THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR
SALE, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED, OR OTHERWISE DISPOSED OF
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND SUCH
STATE LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND SUCH
STATE LAWS, THE AVAILABILITY OF WHICH IS TO BE SOLELY ESTABLISHED TO THE
SATISFACTION OF THE COMPANY AND ITS COUNSEL.

        (b) The Committee, in its sole discretion, may endorse certificates
representing shares issued pursuant to the exercise of Incentive Stock Options
with a legend in substantially the following form:

THE SALE, EXCHANGE, PLEDGE, ASSIGNMENT, OR OTHER DISPOSITION OF THE SHARES
REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TRANSFER RESTRICTIONS
CONTAINED IN SECTION 5.05 OF THE BYLAWS OF THIS CORPORATION AND IN THE
CORPORATION'S 2004 STOCK OPTION PLAN, AND REFERENCE SHOULD BE MADE TO THOSE
DOCUMENTS FOR THE TERMS OF SUCH RESTRICTIONS.

              SECTION 12. AMENDMENT, MODIFICATION AND TERMINATION

SECTION 12.1 TERM OF THE PLAN.

The Plan, as set forth herein, shall become effective on January 30, 2004,
subject to approval by the stockholders at the 2004 Annual Meeting. The Plan
shall remain in effect until it is terminated under Section 12.2, except that no
Incentive Stock Options shall be granted on or after the 10th anniversary of the
later of (a) the date when the Board adopted the Plan or (b) the date when the
Board adopted the most

Stock Option Plan- Page 11
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recent increase in the number of Common Stock available under Section 3 which
was approved by the Company's stockholders.

SECTION 12.2 AMENDMENT OR TERMINATION.

The Board may, at any time and for any reason, amend, suspend or terminate the
Plan or any portion thereof. An amendment of the Plan shall be subject to the
approval of the Company's shareholders only to the extent required by applicable
laws, regulations, rules or requirements of any applicable governmental
authority or listing organization governing the trading of the Company's Stock.
No Options shall be granted under the Plan after the termination thereof. No
termination, suspension, or amendment of the Plan shall alter or impair any
outstanding Option without the consent of the Optionee affected thereby;
provided, however, that this sentence shall not impair the right of the
Committee to take whatever action it deems appropriate under Section 3.3 or
Section 8 of the Plan.

                           SECTION 13. MISCELLANEOUS

SECTION 13.1 GOVERNING LAW.

The place of administration of the Plan shall be conclusively deemed to be
within the State of Arizona, and the rights and obligations of any and all
persons having or claiming to have had an interest under the Plan or any Stock
Option Agreement shall be governed by and construed exclusively and solely in
accordance with the laws of the State of Delaware without regard to the conflict
of laws provisions of any jurisdictions. All parties agree to submit to the
jurisdiction of the state and federal courts of Arizona with respect to matters
relating to the Plan and agree not to raise or assert the defense that such
forum is not convenient for such party.

SECTION 13.2 SUCCESSORS AND ASSIGNS.

This Plan shall be binding upon and inure to the benefit of the successors and
permitted assigns of the Company, including, without limitation, whether by way
or merger, consolidation, operation of law, assignment, purchase, or other
acquisition of substantially all of the assets or business of the Company, and
any and all such successors and assigns shall absolutely and unconditionally
assume all of the Company's obligations under the Plan.

SECTION 13.3 SURVIVAL OF PROVISIONS.

The rights, remedies, agreements, obligations, and covenants contained in or
made pursuant to the Plan, any Stock Option Agreement, and any other notices or
agreements in connection therewith, including, without limitation, any notice of
exercise of an Option, shall survive the execution and delivery of such notices
and agreements and the delivery and receipt of shares of Common Stock and shall
remain in full force and effect.

                            SECTION 14. DEFINITIONS

SECTION 14.1 BOARD

Stock Option Plan- Page 12
<PAGE>
Board means the Company's Board of Directors, as constituted from time to time.

SECTION 14.2 CHANGE IN CONTROL

Change in Control shall mean:

        (a) The sale, lease, exchange or other transfer of all or substantially
all of the Company's assets, in one transaction or in a series of related
transactions;

        (b) The approval by the stockholders of the Company of any plan or
proposal for the liquidation or dissolution of the Company; or

        (c) A change in the control of the Company of a nature that would be
required to be reported (assuming such event had not been "previously reported")
in response to Item 1(a) of the Current Report on Form 8-K, as in effect on the
effective date of the Plan, pursuant to Section 13 or 15(d) of the Exchange Act,
whether or not the Company is then subject to such reporting requirement;
provided, however, that, without limitation, such Change in Control shall be
deemed to have occurred at such time as:

        (i)     any Person becomes, after the effective date of the Plan, the
                "beneficial owner" (as defined in Rule 13d-3 under the Exchange
                Act), directly or indirectly, of 20% or more of the combined
                voting power of the Company's outstanding securities ordinarily
                having the right to vote at elections of directors, or

        (ii)    individuals who constitute the Board on the effective date of
                the Plan cease for any reason to constitute at least a majority
                thereof, provided that any person becoming a director subsequent
                to the effective date of the Plan whose election, or nomination
                for election by the Company's stockholders, was approved by a
                vote of at least a majority of the directors comprising or
                deemed pursuant hereto to comprise the Board on the effective
                date of the Plan (either by a specific vote or by approval of
                the proxy statement of the Company in which such person is named
                as a nominee for director) shall be, for purposes of this clause
                (ii) and the following sentence, considered as though such
                person were a member of the Board on the effective date of the
                Plan. Notwithstanding anything in the foregoing to the contrary,
                no Change of Control shall be deemed to have occurred for
                purposes of Section 8 by virtue of any transaction which shall
                have been approved by the affirmative vote of at least a
                majority of the members of the Board or by the stockholders of
                the Company on the effective date of the Plan.

SECTION 14.3 CODE

Code means the Internal Revenue Code of 1986, as amended.

SECTION 14.4 COMMITTEE

Committee means a committee of the Board, as described in Section 2.

SECTION 14.5 COMMON STOCK

Stock Option Plan- Page 13
<PAGE>
Common Stock means the common stock of the Company.

SECTION 14.6 COMPANY

Company means Taser International, Inc., a Delaware corporation.

SECTION 14.7 CONSULTANT

Consultant means a consultant or adviser who provides bona fide services to the
Company, a Parent, or a Subsidiary as an independent contractor. Service as a
Consultant shall be considered employment for all purposes of the Plan, except
as provided in Section 4.2.

SECTION 14.8 DISABILITY

Disability means the permanent and total disability of the Optionee within the
meaning of Section 22(e)(3) of the Code.

SECTION 14.9 EMPLOYEE

Employee means a common-law employee of the Company, a Parent, or Subsidiary.

SECTION 14.10 EXCHANGE ACT

Exchange Act means the Securities Exchange Act of 1934, as amended.

SECTION 14.11 EXERCISE PRICE

Exercise Price means the amount for which one share of Common Stock may be
purchased upon exercise of such Option, as specified in the applicable Stock
Option Agreement.

SECTION 14.12 FAIR MARKET VALUE

Fair Market Value means, with respect to the Common Stock, the following:

        (a) If the Common Stock is listed or admitted to unlisted trading
privileges on any national securities exchange or is not so listed or admitted
but transactions in the Common Stock are reported on The NasdaqK Small Cap
Market, the last sale price of the Common Stock on such exchange or reported by
The NasdaqK Small Cap Market System as of such date (or, if no shares were
traded on such day, as of the next preceding day on which there was such a
trade).

        (b) If the Common Stock is not so listed or admitted to unlisted trading
privileges or reported on The NasdaqK Small Cap Market System, and bid and asked
prices therefore in the over-the-counter market are reported by The NasdaqK
Small Cap Market, the Nasdaq Bulletin Board, or the National Quotation Bureau,
Inc. (or any comparable reporting service), the mean of the closing bid and
asked prices as of such date, as so reported by the applicable NasdaqX system,
or, if not so reported thereon, as reported by the National Quotation Bureau,
Inc. (or such comparable reporting service).

        (c) In all other cases, such price as the Committee determines in good
faith in the exercise of its reasonable discretion.

Stock Option Plan- Page 14
<PAGE>
SECTION 14.13 INCENTIVE STOCK OPTION

Incentive stock option means a stock option as described in Section 422(b) of
the Code.

SECTION 14.14 NON-QUALIFIED STOCK OPTION

Non-qualified stock option means any option that is not an incentive stock
option as described in Section 422 of the Code nor an option as described in
Section 423 of the Code.

SECTION 14.15 OPTION

Option means an Incentive Stock Option or Non-qualified Stock Option granted
under the Plan and entitling the holder to purchase Common Stock.

SECTION 14.16 OPTIONEE

Optionee means an individual or estate who holds an Option.

SECTION 14.17 OUTSIDE DIRECTOR

Outside Director shall mean a member of the Board who is not an Employee.
Service as an Outside Director shall be considered employment for all purposes
of the Plan, except as provided in Section 4.2.

SECTION 14.18 PARENT

Parent means any corporation (other than the Company) in an unbroken chain of
corporations ending with the Company, if each of the corporations other than the
Company owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one of the other corporations in such chain. A
corporation that attains the status of a Parent on a date after the adoption of
the Plan shall be considered a Parent commencing as of such date.

SECTION 14.19 PERSON

Person means any individual, corporation, partnership, group, association, or
other "person" (as such term is used in Section 14(d) of the Exchange Act),
other than the Company, a wholly-owned Subsidiary of the Company, or any
employee benefit plan sponsored by the Company or a wholly-owned Subsidiary of
the Company.

SECTION 14.20 PLAN

Plan means this Taser International, Inc. 2004 Stock Option Plan, as amended
from time to time.

SECTION 14.21 RETIREMENT

Retirement means the retirement of an Optionee pursuant to and in accordance
with the regular retirement plan or practice of the Company or Subsidiary then
covering the Optionee, or, if approved by the Board for purposes of the Plan,
any early retirement plan or practice of the Company or Subsidiary then covering
the Optionee.

Stock Option Plan- Page 15
<PAGE>
SECTION 14.22 SECURITIES ACT

Securities Act means the Securities Act of 1933, as amended.

SECTION 14.23 STOCK OPTION AGREEMENT

Stock Option Agreement means the agreement between the Company and an Optionee
that contains the terms, conditions and restrictions pertaining to his or her
Option.

SECTION 14.24 SUBSIDIARY

Subsidiary means any corporation (other than the Company) in an unbroken chain
of corporations beginning with the Company, if each of the corporations other
than the last corporation in the unbroken chain owns stock possessing 50% or
more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. A corporation that attains the status of a
Subsidiary on a date after the adoption of the Plan shall be considered a
Subsidiary commencing as of such date.

                             SECTION 15. EXECUTION

To record the adoption of the Plan by the Board, the Company has caused its duly
authorized officer to execute this document in the name of the Company.

                                  Taser International, Inc.

                                  By:
                                     __________________________________

Adoption by Board of Directors:           January 30, 2004

Ratification/Adoption by Stockholders:    _______, 2004

Stock Option Plan- Page 16
<PAGE>

                            TASER INTERNATIONAL, INC.
                            2004 STOCK INCENTIVE PLAN
                          NOTICE OF STOCK OPTION GRANT

You have been granted the following option to purchase Common Stock of TASER,
International Inc. (the "Company"):

<TABLE>
<S>                              <C>
              NAME OF OPTIONEE:

TOTAL NUMBER OF SHARES GRANTED:

                TYPE OF OPTION:  [X] Incentive Stock Option

                                 [ ] Nonstatutory Stock Option

      EXERCISE PRICE PER SHARE:  $

                 DATE OF GRANT:

     VESTING COMMENCEMENT DATE:

              VESTING SCHEDULE:

               EXPIRATION DATE:
</TABLE>

By your signature and the signature of the Company's representative below, you
and the Company agree that this option is granted under and governed by the
terms and conditions of the TASER International, Inc. 2004 Stock Incentive Plan
(the "Plan") and the Stock Option Agreement, both of which are attached to and
made a part of this document.

OPTIONEE:                                     TASER INTERNATIONAL, INC.

                                         BY:
----------------------------------           ----------------------------------

                                      TITLE:
----------------------------------           ----------------------------------
PRINT NAME

                                       1
<PAGE>
                            TASER INTERNATIONAL, INC.
                            2004 STOCK INCENTIVE PLAN
                             STOCK OPTION AGREEMENT

                            SECTION 1. TAX TREATMENT

This option is intended to be an incentive stock option under Section 422 of the
Internal Revenue Code or a nonstatutory option, as provided in the Notice of
Stock Option Grant.

                               SECTION 2. VESTING

This option becomes exercisable in installments, as shown in the Notice of Stock
Option Grant. In addition, this option becomes exercisable in full if one of the
following events occurs:

-     Your service as an employee, consultant or director of the Company or a
      subsidiary of the Company terminates because of death, total and permanent
      disability, or retirement at or after age 65, or

-     The Company is a party to a merger or other reorganization while you are
      an employee, consultant or director of the Company or a subsidiary of the
      Company, this option is not continued by the Company and is not assumed by
      the surviving corporation or its parent, and the surviving corporation or
      its parent does not substitute its own option for this option.

-     The Company is subject to a "Change in Control" (as defined in the Plan)
      while you are an employee, consultant or director of the Company or a
      subsidiary of the Company and, within 12 months after the Change in
      Control, the surviving entity terminates your service without your
      consent. If the surviving entity demotes you to a lower position,
      materially reduces your authority or responsibilities, materially reduces
      your total compensation or announces its intention to relocate your
      principal place of work by more than 50 miles, then that action will be
      treated as a termination of your service.

In the event of a merger or other reorganization or a Change in Control, the
following rules apply:

-     If this option is designated as an incentive stock option in the Notice of
      Stock Option Grant, the acceleration of exercisability will not occur
      without your written consent.

-     If the Company and the other party to the transaction agreed that the
      transaction is to be treated as a "pooling of interests" for financial
      reporting purposes, and if the transaction in fact was so treated, then
      the acceleration of exercisability will not occur to the extent that the
      surviving entity's independent public accountants determine in good faith
      that the acceleration would preclude the use of "pooling of interests"
      accounting.

No additional shares become exercisable after your service as an employee,
consultant or director of the Company or a subsidiary of the Company has
terminated for any reason.

                                       2
<PAGE>
                                SECTION 3. TERM

This option expires in any event at the close of business at Company
headquarters on the day before the 10th anniversary of the Date of Grant, as
shown in the Notice of Stock Option Grant. (It will expire earlier if your
service terminates, as described below.)

                         SECTION 4. REGULAR TERMINATION

If your service as an employee, consultant or director of the Company or a
subsidiary of the Company terminates for any reason except death or total and
permanent disability, then this option will expire at the close of business at
Company headquarters on the date three months after your termination date. The
Company determines when your service terminates for this purpose.

                                SECTION 5. DEATH

If you die as an employee, consultant or director of the Company or subsidiary
of the Company, then this option will expire at the close of business at Company
headquarters on the date 12 months after the date of death.

                             SECTION 6. DISABILITY

If your service as an employee, consultant or director of the Company or a
subsidiary of the Company terminates because of your total and permanent
disability, then this option will expire on the date 12 months after your
termination date.

For all purposes under this Agreement, "total and permanent disability" means
that you are unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment, which can be expected
to result in death or which has lasted, or can be expected to last, for a
continuous period of not less than one year.

                          SECTION 7. LEAVES OF ABSENCE

For purposes of this option, your service does not terminate when you go on a
military leave, a sick leave or another bona fide leave of absence, if the leave
was approved by the Company in writing and if continued crediting of service is
required by the terms of the leave or by applicable law. But, your service
terminates when the approved leave ends, unless you immediately return to active
work.

                      SECTION 8. RESTRICTIONS ON EXERCISE

The Company will not permit you to exercise this option if the issuance of
shares at that time would violate any law or regulation.

                         SECTION 9. NOTICE OF EXERCISE

When you wish to exercise this option, you must notify the Company by filing the
proper "Notice of Exercise" form at the address given on the form. Your notice
must specify how many shares you wish to purchase. Your notice must also specify
how your shares should be registered (in your name only or in your and your
spouse's names as community property or as joint tenants with right of
survivorship.) This notice will be effective when it is received by the Company.

                                       3
<PAGE>
If someone else wants to exercise this option after your death, that person must
prove to the Company's satisfaction that he or she is entitled to do so.

                          SECTION 10. FORM OF PAYMENT

When you submit your notice of exercise, you must include payment of the option
exercise price for the shares you are purchasing. Payment may be made in one (or
a combination of two or more) of the following forms:

-     Your personal check, a cashier's check or a money order.

-     Certificates for shares of Company stock that you own, along with any
      forms needed to effect a transfer of those shares to the Company. The
      value of the shares, determined as of the effective date of the option
      exercise, will be applied to the option exercise price. Instead of
      surrendering shares of Company stock, you may attest to the ownership of
      those shares on a form provided by the company and have the same number of
      shares subtracted from the option shares issued to you. However, you may
      not surrender, or attest to the ownership of, shares of Company stock in
      payment of the exercise price if your action would cause the Company to
      recognize compensation expense (or additional compensation expense) with
      respect to this option for financial reporting purposes.

-     Irrevocable directions to a securities broker approved by the Company to
      sell all or part of your option shares and to deliver to the Company from
      the sale proceeds an amount sufficient to pay the option exercise price
      and any withholding taxes. (The balance of the sale proceeds, if any, will
      be delivered to you.) The directions must be given by signing a special
      "Notice of Exercise" form provided by the Company.

-     Irrevocable directions to a securities broker or lender approved by the
      Company to pledge option shares as security for a loan and to deliver to
      the Company from the loan proceeds an amount sufficient to pay the option
      exercise price and any withholding taxes. The directions must be given by
      signing a special "Notice of Exercise" form provided by the Company.

               SECTION 11. WITHHOLDING TAXES AND STOCK WITHHOLDING

You will not be allowed to exercise this option unless you make arrangements
acceptable to the Company to pay any withholding taxes that may be due as a
result of the option exercise. These arrangements may include withholding shares
of Company stock that otherwise would be issued to you when you exercise this
option. The value of these shares, determined as of the effective date of the
option exercise, will be applied to the withholding taxes.

                       SECTION 12. RESTRICTIONS ON RESALE

By signing this Agreement, you agree not to sell any option shares at a time
when applicable laws, Company policies or an agreement between the Company and
its underwriters prohibit a sale. This restriction will apply as long as you are
an employee, consultant or director of the Company or a subsidiary of the
Company.

                         SECTION 13. TRANSFER OF OPTION

Prior to your death, only you may exercise this option. You cannot transfer or
assign this option. For instance, you may not sell this option or use it as
security for a loan. If you attempt to do any of these things, this option will
immediately become invalid. You may, however dispose of this

                                       4
<PAGE>
option in your will or a written beneficiary designation. Such a designation
must be filed with the Company on the proper form and will be recognized only if
it is received at Company headquarters before your death.

Regardless of any marital property settlement agreement, the Company is not
obligated to honor a notice of exercise from your former spouse, nor is the
Company obligated to recognize your former spouse's interest in your option in
any other way.

                          SECTION 14. RETENTION RIGHTS

Your option or this Agreement does not give you the right to be retained by the
Company or a subsidiary of the Company in any capacity. The Company and it
subsidiaries reserve the right to terminate your service at any time, with or
without cause.

                         SECTION 15. STOCKHOLDER RIGHTS

You, or your estate or heirs, have no rights as a stockholder of the Company
until you have exercised this option by giving the required notice to the
Company and paying the exercise price. No adjustments are made for dividends or
other rights if the applicable record date occurs before you exercise this
option, except as described in the Plan.

                            SECTION 16. ADJUSTMENTS

In the event of a stock split, a stock dividend or a similar change in Company
stock, the number of shares covered by this option and the exercise price per
share may be adjusted pursuant to the Plan.

                           SECTION 17. APPLICABLE LAW

This Agreement will be interpreted and enforced under the laws of the State of
Delaware (without regard to their choice-of-law provisions).

                   SECTION 18. THE PLAN AND OTHER AGREEMENTS

The text of the Plan is incorporated in this Agreement by reference.

This Agreement and the Plan constitute the entire understanding between you and
the Company regarding this option. Any prior agreements, commitments or
negotiations concerning this option are superseded. This Agreement may be
amended only by another written agreement, signed by both parties.

                 BY SIGNING THE COVER SHEET OF THIS AGREEMENT,
      YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND IN
                                    THE PLAN.

                                       5

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