Document:

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                                                                    EXHIBIT 10.2

                            SHARED SERVICES AGREEMENT

This Agreement, including all Addenda hereto (collectively, the "Agreement"),
dated as of November 1, 1999, is by and between WorldTravel Technologies, L.L.C.
(the "WTT") and WorldTravel Partners I, L.L.C. ("WTP").

1.       The Services. WTP's employees will provide various services to WTT as
         described in greater detail in the SCOPE ADDENDUM, attached hereto as
         Exhibit A (collectively, the "Services"). The individuals who provide
         the services will be referred to as "WTP Personnel". WTP is acting as
         an independent contractor in providing any and all services hereunder.

         Additional Services. WTT may desire that WTP perform additional
services that are different from or in addition to, the Services ("Additional
Services"). WTP will provide such Additional Services as WTT may reasonably
request, upon such terms and conditions (including compensation terms) as are
mutually agreed between the parties. Such terms shall be documented in the form
attached hereto as the CHANGE ORDER REQUEST ADDENDUM, attached hereto as Exhibit
B. No charges or other compensation in respect of any Additional Services is
provided for in the Monthly Charge. In no event shall WTP be obligated to
perform any Additional Services that would cause it to be in conflict with any
law, rule or regulation, or any internal WTP policy.

         Changes. The occurrence of (i) any event or transaction which
significantly increases or decreases the size or nature of the operations of WTT
that affects the scope, manner, nature or quantity of the Services or Additional
Services or (ii) any change in any laws, rules or regulations that affects the
scope, manner, nature or quantity of the Services or Additional Services shall
be considered a change in the scope of services, and WTP and WTT shall promptly
meet to negotiate an equitable adjustment in the fees payable to WTP. WTP shall
have no obligation to commence work in connection with any change of the type
described in either clause (i) or (ii) above until the fee impact of such change
is agreed upon by the parties in writing. Each such change shall be documented
in the form attached hereto as the CHANGE ORDER REQUEST ADDENDUM. If the parties
are unable to agree upon a mutually acceptable adjustment, the matter shall be
handled in accordance with the Section 8 (Dispute Resolution).

         Prior Approval by WTT of WTT-Related Commitments. If in the performance
of its obligations hereunder, it is necessary for WTP to incur costs over and
above those related to WTP's standard practices and procedures and such costs
will exceed $50,000, which amount shall include any and all amounts contained in
any contract commitments or obligations in excess of twelve (12) months, then
WTP shall notify WTT in writing of the necessity of such expense and shall
secure WTT's written approval prior to incurring such costs.

2.       Personnel.

         WTP Personnel. WTT and WTP are not joint employers for any purpose
under this Agreement. WTP will determine how to staff its Services and
Additional Services under this Agreement. WTP reserves the right to assign the
personnel to perform the Services and Additional Services and to replace or
reassign such employees. WTP Personnel may rotate between this engagement and
other engagements of WTP.

         Employment of WTP Personnel. During the term of this Agreement and for
any individual employee for six months following termination or resignation of
such employee during the term of this Agreement, neither party shall employ,
solicit or make any offers to employ any employees of the other in the
performance of the Services or Additional Services, without the prior written
consent of the original employing party. The original employing party shall be
entitled, in addition to any other remedies it may have at law or in equity, to
a payment from the hiring party in an amount equal to one year's salary of any
employee that the hiring party employs, solicits or offers to employ in
violation of this Section.

3.       WTT Responsibilities. WTP's performance is dependent upon WTT's timely
and effective performance of WTT"s responsibilities under this Agreement and
WTT' s timely decisions and approvals. The responsibilities and obligations of
WTT under and pursuant to this Agreement include, but are not limited to, the
following:

                  (a)      Providing WTP with complete and accurate informatio
         required by WTP to perform its

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         Services and Additional Services in a timely manner and ensuring that
         all such information provided by WTT to WTP contains no material
         omissions, and is updated on a prompt and continuous basis;

                  (b)      Making available, promptly after requested by WTP,
         management decisions, approvals, acceptances and such other information
         and assistance desired or required by WTP to perform its obligations
         under this Agreement;

                  (c)      Establishing and maintaining WTTs policies (including
         finance, accounting and management information system policies) and an
         effective overall system of internal controls;

                  (d)      Making WTTs employees available to and causing them
         to communicate with WTP and WTP Personnel during business hours as WTP
         may reasonably request; and

                  (e)      Providing WTP with access to WTT's personnel who are
         ultimately responsible for supervising the Services (the
         "Supervisor(s)") at such times as WTP may reasonably request. WTP shall
         report to WTT's Supervisor(s) with respect to the performance of its
         obligations under this Agreement.

4.       Payments.

         Monthly Charge. On the first business day of each month during the term
of this Agreement WTT shall pay WTP a monthly charge applicable to such month
(the "Monthly Charge") for the Services. Fees related to any partial month shall
be prorated. The Monthly Charge will be based on actual cost plus ten percent
(10%). The actual costs for each component of the services provided hereunder
are shown on Exhibit C. The Monthly Charge, which includes the ten percent (10%)
fee, will be a fixed fee per month in the amount shown on Exhibit C. The fee for
the first month shall be due and payable in advance on the date of execution of
this Agreement.

         Out-of-Pocket Expenses. WTT shall reimburse WTP for pre-approved,
reasonable actual out-of-pocket expenses, not already included in the monthly
charge, (e.g., travel, lodging, supplies, etc.) incurred by WTP in connection
with rendering the Services and Additional Services. WTP shall send WTT a
monthly invoice for the aggregate amount of the WTP expenses during the
preceding month, which invoice will describe and document such expenses in
reasonable detail. Payment shall be due within ten (10) days following the date
of WTP's invoice to WTT.

         Periodic Adjustment. For the first year following the Effective Date,
within forty-five (45) days of the end of each quarter, WTP shall notify WTT of
any difference between the then current Monthly Charge and the actual costs for
the preceding quarter. If actual costs plus ten percent (10%) are greater than
those that were used to calculate the Monthly Charge for the preceding quarter,
WTP shall bill WTT for the difference. If the actual costs are less, WTP shall
provide WTT with a credit for the difference. On each annual anniversary of the
Effective Date WTP shall adjust the Monthly Charge to reflect any increase or
decrease in the anticipated costs for the upcoming year. WTP shall notify WTT of
the amount of any such adjustment no later than forty-five (45) days prior to
such annual anniversary date. During the next twelve (12) months after such an
adjustment, within forty-five (45) days of the end of each quarter, WTP shall
notify WTT of any difference between the then current Monthly Charge and the
actual costs for the preceding quarter. If actual costs are greater than those
that were used to calculate the Monthly Charge for the preceding quarter, WTP
shall bill WTT for the difference. If the actual costs are less, WTP shall
provide WTT with a credit for the difference.

         Late Payment Charges. WTT shall pay a late payment charge, computed on
a daily basis at the monthly rate of 1.5%, for any amounts not paid when due.
Should a dispute arise over an invoice, WTT shall immediately pay the undisputed
portion of the invoice and promptly pay the disputed portion (or applicable part
thereof) if and when the dispute is resolved in WTP's favor.

         Taxes. In addition to the other charges payable under this Agreement,
WTT shall be solely responsible for the payment of any taxes and duties based
upon the facilities, assets and Services, any Additional Services and/or

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products provided by WTP, exclusive of any taxes based upon WTP's income. Both
parties shall take all reasonable steps to minimize taxes, which might be
assessed on either party based on the parties' performance hereunder.

5.       Term and Termination.

         Engagement Term. The term of this Agreement will begin on November 1,
1999 (the "Effective Date"), and will continue until the latter of (a) the fifth
anniversary of the Effective Date, or (b) the date that this Agreement expires
following the extension of its term (unless terminated sooner in accordance with
this Agreement).

         Extension and Renewal. Unless terminated earlier, if upon the fourth
anniversary of the Effective Date, the parties have not agreed to a written
Amendment extending this Agreement, this Agreement shall terminate at the end of
the fifth year of its initial five (5) year term.

         Termination for Cause.

                  (a)      If WTT breaches any payment obligation under this
         Agreement, and such breach is not cured within 15 days of its receipt
         of written notice of such breach, WTP may immediately (i) suspend
         performance of the Services, (ii) change the payment conditions under
         this Agreement so that WTT must pay WTP weekly and in advance, or (iii)
         terminate this Agreement. If either party breaches any other material
         obligation under this Agreement, and such breach is not cured within 30
         days after receiving written notice of the breach, the party not in
         default may immediately terminate this Agreement, provided however,
         that to the extent the matter has been submitted to the JOC (as defined
         in Section 6.1 below), the 30 day period shall be modified to fifteen
         days after the JOC has issued its determination. In addition, if WTT or
         WTP becomes or is declared insolvent or bankrupt, this Agreement shall
         immediately terminate without the requirement of notice to the
         insolvent or bankrupt party. Either party may also terminate this
         Agreement for the other party's non-compliance with applicable law
         relating to this Agreement, if such non-compliance is not cured within
         ten (10) days of the non-complying party's receipt of written notice of
         such non-compliance. WTP may immediately terminate this Agreement if it
         determines that a governmental or regulatory entity or entity having
         the force of law has introduced a new, or modified an existing, law,
         rule, regulation, interpretation or decision the result of which would
         render WTP's performance of any part of the Services illegal or
         otherwise unlawful.

                  (b)      In the event of any breach by WTT, WTP shall have the
         right to suspend performance hereunder until such breach is cured or in
         reference to a monetary breach its insecurity is satisfied. This
         provision shall be in addition to and not in limitation of any other
         provision of this Section 5.

                  (c)      If (i) WTT transfers ownership of substantially all
         of its assets, (ii) all or a controlling interest in WTT's voting stock
         is transferred, (iii) WTT merges with any other entity, or (iv)
         management or control of WTT is otherwise transferred to any third
         party, and such change(s) in control is to a competitor of WTP and was
         not the result of an initial public offering, then WTP may terminate
         this Agreement without liability to WTT by giving WTT one hundred and
         eighty (180) days written notice. Such termination may be given at any
         time within two months following notification to WTP that any such
         event has occurred.

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         Termination for Convenience. At any time during the term of this
Agreement WTT may terminate this Agreement for its own convenience, provided
written notice of such termination has been delivered at least one hundred and
eighty (180) days prior to the effective date of such termination. Except as
expressly set forth above, neither party shall have any right to terminate this
Agreement for convenience.

         Partial Termination. WTT may terminate this Agreement as to one or more
of the covered Services without terminating as to the remainder of the Services.
In the event of such partial termination, the monthly payment shall be adjusted
to reflect the deletion of the terminated Services.

         Accrued Fees and Payment for Outstanding Obligations.

                  (a)      In the case of any termination, WTP shall be entitled
         to payment for all services provided to WTT prior to such termination.
         The foregoing provisions of this Section 5 shall in no way limit WTP's
         other remedies, whether at law or in equity.

                  (b)      If this Agreement is terminated for convenience by
         WTT, partially terminated by WTT, or terminated for cause by WTP, then
         WTT shall pay WTP such amounts as necessary to make WTP whole by
         covering all outstanding obligations incurred by WTP, which WTP would
         not otherwise have incurred but for this Agreement with WTT.

         WTP Obligations Upon Termination. In the event of termination of this
Agreement by WTT, WTP will work together with WTT and, as requested by WTT any
third party identified by WTT, to identify the information, materials and
resources WTT and/or such third party is entitled to receive and to develop an
overall plan for transitioning such items to WTT and/or the third party
designated by WTT in accordance with the following provisions (collectively,
"Termination Assistance"). The terms of this Agreement as they relate to
Termination Assistance shall remain in effect until WTP has completed its
Termination Assistance. WTP will provide the Termination Assistance described
below for a period of up to six months per WTT's written request, except as
provided in this Section. WTP's obligation to provide Termination Assistance
will be conditioned upon WTT paying to WTP all outstanding invoices prior to the
commencement of any Termination Assistance and will be conditioned upon WTT
continuing to pay when due any and all fees due hereunder during the Termination
Assistance period. WTT shall pay WTP standard hourly rates and reasonable
expenses for any Termination Assistance provided by WTP. This fee is in addition
to any other payments required under this Agreement. Notwithstanding the
termination or expiration of this Agreement, the terms and conditions of this
Agreement will apply to all services provided by WTP during such period. If WTT
requests Termination Assistance beyond the available capacity of the WTP staff,
such request will be treated as a request for Additional Services pursuant to
Section 1.1 and WTT will pay the agreed upon charge for such Additional
Services. The provisions of this Section will survive the expiration or
termination of this Agreement for any reason.

WTP and WTT will jointly develop a plan (the "Transition Plan") to effect the
orderly transition and migration to WTT or a third party designated by WTT from
WTP of all services then being performed or managed by WTP under this Agreement
(the "Termination Transition"). The Transition Plan will indicate the schedule
on which WTP will turn over responsibility for each service to WTT or such third
party. The Transition Plan will set forth the tasks to be performed by WTP and
WTT, the time for completing such tasks and the criteria for declaring the
transition "completed". The parties and their employees and agents will
cooperate in good faith to execute the plan and each party agrees to perform
those tasks assigned to it in the Transition Plan. WTP will direct the execution
of the Transition Plan. The Transition Plan will include the following tasks and
such other tasks as may be agreed upon by WTP and WTT:

                  (i)      Providing WTT or its designated third party access to
                           necessary data files and programs, certain
                           non-proprietary operational procedures and data and
                           documentation in WTP's possession related to the
                           Services.

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                  (ii)     Returning all WTT confidential and proprietary
                           information in WTP's possession, except for one copy
                           which WTP may retain, subject to its confidentiality
                           obligations, for internal recordkeeping purposes and
                           for compliance with applicable professional
                           standards.

                  (iii)    Returning all WTT software to WTT or its designated
                           third party with data and documentation. WTP will
                           deliver to WTT all WTT data in a format applicable
                           for use by WTT or its designated third party and will
                           seek to minimize the amount of manual data entry or
                           re-keying necessary in connection with the transfer
                           of such data to WTT.

                  (iv)     WTP will provide to WTT or the designated third party
                           the opportunity to offer employment to any WTP
                           employees who at the time of the expiration or
                           termination was spending 75% or more of his/her time
                           performing services exclusively for WTT. Such
                           employment offer would provide for employment with
                           WTT or the designated third party to be effective at
                           the earlier of (A) the end of the agreed upon
                           transition period, or (B) the date on which WTP is no
                           longer responsible under the Transition Plan for any
                           of the tasks performed by the WTP employee to whom
                           WTT or the designated third party is making the offer
                           of employment. With respect to personnel who were
                           performing services for WTT and other WTP customers
                           at the time of the expiration or termination, WTT or
                           its designated third party will have the opportunity
                           to offer employment to such WTP employees only if WTT
                           obtains the prior written consent of WTP. For any WTP
                           employee for whom WTP has given such written consent,
                           employment with WTT or the designated third party
                           will be effective at the end of the agreed upon
                           transition period. WTP will provide appropriate
                           training for those WTT or third party employees who
                           will be assuming responsibility following expiration
                           or termination for training and operation of the
                           technology used by WTP to provide services to WTT.

                  (v)      WTP will provide WTT or its designated third party
                           with reasonably detailed specifications for any
                           hardware which WTT or such third party will require
                           to perform the services previously performed by WTP
                           under this Agreement. In addition, WTP will offer to
                           assign leases (if permitted by the lessor) or to sell
                           hardware which at the time of the expiration or
                           termination was dedicated solely to use for WTT. For
                           any hardware acquired by WTT from WTP, WTP will
                           provide reasonable assistance to WTT in connection
                           with the de-installation, shipping (at WTT's
                           expense), delivery and re-installation of such
                           hardware. WTP shall sell such hardware to WTT at fair
                           market value, but in no event shall such price exceed
                           net book value.

                  (vi)     WTP will assist WTT or its designated third party at
                           WTT's expense, in acquiring licenses to any third
                           party software which WTT or such third party will
                           require to perform the services previously performed
                           by WTP under this Agreement.

                  (vii)    Subject to entering into a license agreement in form
                           and substance reasonably satisfactory to WTP and WTT
                           (and such third party if applicable), WTP will grant
                           to WTT or its designated third party (as applicable)
                           a perpetual, nontransferable, nonexclusive license to
                           use any WTP-owned software which is application
                           software (but not operating software or utilities)
                           being used by WTP to provide services to WTT
                           immediately prior to the termination or expiration of
                           this Agreement (the "Licensed Programs"), subject to
                           the following restrictions:

                           (A)      Except to the limited extent required by
                                    natural disaster or similar emergency, the
                                    Licensed Programs will not be operated,
                                    directly or indirectly, by persons other
                                    than bona fide employees of WTT or its
                                    designated third party, or on equipment that
                                    is not leased or owned by WTT or such third
                                    party and is under

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                                    WTT's or such third party's control. Without
                                    limiting the foregoing, the Licensed
                                    Programs will not be utilized or operated by
                                    third-party processors.

                           (B)      Only data of WTT will be processed utilizing
                                    the Licensed Programs.

                           (C)      WTT will not allow the Licensed Programs, or
                                    any of the various components or
                                    modifications thereof, to be disclosed to
                                    third parties, sold, assigned, leased or
                                    commercially exploited or marketed in any
                                    way, with or without charge. Except to the
                                    extent required for normal operation of the
                                    Licensed Programs, WTT will not permit the
                                    Licensed Programs to be copied or
                                    reproduced, in whole or in part.

                           (D)      The Licensed Programs are the valuable
                                    property of WTP and any violation in any
                                    material respect of any provision of the
                                    agreement for the Licensed Programs would
                                    cause WTP irreparable injury for which it
                                    would have no adequate remedy at law, and
                                    WTP will be entitled to preliminary and
                                    other injunctive relief against any such
                                    violation. Such injunctive relief will be in
                                    addition to, and in no way in limitation of,
                                    any and all other remedies or rights that
                                    WTP will have at law or in equity.

         Obligation To Minimize Damages. Both parties shall have an obligation
         to take such steps as may be reasonably necessary to minimize damages
         to the parties on termination, including, but not limited to,
         minimizing all contractual obligations that but for the existence of
         this Agreement, neither party would have entered into.

6.0.     Designees.

         6.1      JOC Procedures. The following representatives will comprise a
joint oversight committee (the "JOC") which will meet at least quarterly. The
functions of such committee, among other things, will be to provide product
direction, review and analyze changes in the market, prioritize resources to
effectuate performance of the parties obligations hereunder, review and analyze
the performance of the parties, and to review recommendations and suggestions to
enhance service.

                  WTT Designee:        William J. Billiard

                  WTP Designee:       Timothy J. Severt

If a JOC Member resigns or leaves its employer, the party with a vacancy will
promptly appoint a replacement.

         6.2      Management Representatives. Each party hereby appoints the
         following individual as its Management Representative for purposes of
         this Agreement:

                  WTT:     President or CEO

                  WTP:     W. Thomas Barahm

                  If a Management Representative resigns or leaves its employer,
         the party with a vacancy will promptly appoint a replacement.

7.0      Service Performance.

         7.1      Report Contents. WTP will prepare (i) a listing of key service
activities, and (ii) definitions of measurements of qualitative and quantitative
service performance levels for each such key service activity, and will

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submit such listings and definitions to the JOC for approval. Such service
performance levels will be used to measure WTP's and WTT's performance of their
responsibilities under this Agreement.

         7.2      Performance Levels. WTP will deliver to the JOC for each
calendar quarter (within thirty (30) days of the end of such quarter),
commencing with the calendar quarter beginning October 1, 1999, service
performance reports ("Service Performance Reports") that identify, for each JOC
approved key service activity, the performance level for that activity. The JOC
will review the parties' performance during the relevant time period (including
but not limited to the information, contained in the Service Performance
Reports), and will provide feedback to both WTT and WTP regarding the
performance of their respective responsibilities under this Agreement. The JOC
will also periodically review the definitions and measurements used in the
Service Performance Reports and revise them as necessary to reflect the most
appropriate measures of WTT and WTP performance. The failure by WTP to meet any
service performance level shall not be considered a breach of this Agreement.

8.0      Dispute Resolution

         8.1      Initial Procedures. The parties shall make all reasonable
efforts to resolve all disputes without resorting to litigation. If a dispute
arises between the parties, the JOC Representatives will attempt to reach an
amicable resolution. If either JOC Representative determines that an amicable
resolution cannot be reached, such JOC Representative shall submit such dispute
in writing to the Management Representatives, who shall use their best efforts
to resolve it or to negotiate an appropriate modification or amendment.

         8.2      Escalation. Except as otherwise provided in the termination
provisions hereof, neither party shall be permitted to exercise any other
remedies until the later of (i) the date that either Management Representative
concludes in good faith that an amicable resolution of the dispute through
continued negotiation is unlikely, or (ii) sixty (60) days following the date
that both parties have notified a Management Representative pursuant to
Paragraph 8.1. If either party fails to designate a Management Representative at
its own initiative, it shall do so within three business days of a request from
the other party to do so.

         8.3      Arbitration. If the parties are unable to reach a resolution
of any matter within the negotiation procedures outlined herein, the parties may
submit such matter to arbitration under the rules of the American Arbitration
Association. If the parties resort to arbitration, no arbitrator shall be
entitled to award punitive damages.

9.       Confidentiality.

         9.1      Definition. Each party may disclose to the other, orally or in
writing, information that it considers proprietary and confidential, which (i)
relates to its business operations, services and/or technical knowledge, and
(ii) has been designated as such (the "Confidential Information"). Each party
represents that it has the right to disclose all information it makes available
to the other. All Confidential Information communicated to either party
("Recipient ") by the other party ("Discloser ") under this Agreement shall be
(i) received in confidence, (ii) used only for purposes of this Agreement, and
(iii) protected in the same manner as such party protects its own confidential
information of like kind (which shall be at least a reasonable manner). WTP will
at all times comply with applicable professional standards with respect to WTT's
Confidential Information.

         9.2      Subpoena. Recipient shall not disclose Disclosee's
Confidential Information to any third party without the prior written consent of
Discloser, except as may be necessary by reason of legal, accounting or
regulatory requirements applicable to such party. If Recipient receives a
subpoena or other valid administrative or judicial demand requiring it to
disclose Disclosee's Confidential Information, Recipient shall provide Discloser
prompt notice of such demand. Unless the demand shall have been timely limited,
quashed or extended, Recipient shall thereafter be entitled to comply with such
demand to the extent permitted by law.

         9.3      Exclusions. Confidential Information does not include, and the
parties' confidentiality obligations do not apply to, information that: (i) is
or becomes generally available to the public without breach by Recipient of its
confidentiality obligations, (ii) is received by Recipient from a third party
without restriction against disclosure,

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(iii) was known to Recipient without restriction prior to disclosure, or (iv) is
independently developed by Recipient without use of Disclosee's Confidential
Information.

         9.4      Retention. WTP may retain, subject to its confidentiality
obligations, copies of WTTs Confidential Information required for internal
recordkeeping purposes and for compliance with applicable professional
standards.

         9.5      Contractors. Notwithstanding the foregoing, WTP shall have the
right to disclose WTT's confidential information to, and/or allow access to such
by, any of WTP's contractors, subcontractors, agents and/or other third parties
supplying products, services or systems in support of WTP's obligations under
this Agreement, provided that WTP shall require such contractors,
subcontractors, agents and/or other third parties to execute an appropriate
nondisclosure agreement.

10.      Proprietary Materials.

         10.1     Ownership. WTT shall be the exclusive owner of all data (the
"Data") created in connection with this Agreement; provided that WTP may retain
one copy of any Data for its files.

         10.2     Retention. Notwithstanding the foregoing, during the term of
this Agreement and for a period of at least six (6) years thereafter or such
longer period as may be required to meet applicable governmental or professional
standards, WTT (i) will maintain and retain copies of all Data, and (ii) will
afford WTP and its representatives access to the Data whenever it may reasonably
request.

         10.3     Auditor Access. Upon WTT' s written request, WTP shall provide
WTT's external auditors with access to WTT Data in WTP's possession as is
necessary for WTT' s external auditor to conduct its audit; provided that the
external auditor may not use or disclose any of WTP's proprietary methodologies
which may be disclosed in the course of providing such access. WTP shall adhere
to WTT' s written internal procedures and guidelines relating to the disclosure
of WTT's data to such external auditors. If requested by WTT as Additional
Services, WTP shall provide to such external auditors any assistance that they
might reasonably require in connection with such audits. Subject to WTT approval
and as part of the Additional Services to be separately agreed to, WTP shall
make all reasonable changes requested by, and take any other reasonable action
necessitated by, any such audit or examination. Access by any third party to
WTP's tools, procedures or methodologies will be subject to the requirements of
WTP's standard policies regarding granting access to its confidential
information.

         10.4     Publications. Notwithstanding anything contained herein to the
contrary, if WTT intends to publish or otherwise reproduce any of WTP's work
product or to make reference to WTP in any document that contains other
information, WTT agrees to (i) provide WTP with a draft of the document to
review, and (ii) obtain WTP's written approval for inclusion of WTP's name or
work product in such document before the document is printed and distributed.

11.      Representations, Warranties and Disclaimers.

         11.1     Capacity, Authorization and Effect of Agreement. Each party
hereby represents and warrants to the other that:

                  a)       Such party has all requisite power and authority to
execute this Agreement and to perform its obligations hereunder. The execution,
delivery and performance of this Agreement and the transactions contemplated
hereby have been duly authorized and approved by such party, and this Agreement
is a valid and binding agreement of such party enforceable in accordance with
its terms;

                  b)       The execution and delivery of this Agreement by such
party, and the consummation by such party of the transactions contemplated
herein, will not breach or violate the organizational documents or any material
contract, agreement, instrument, judgment, law or license which is applicable to
such party, or to which such party is bound; and

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                  c)       No consent, approval or authorization of, or notice
to, any governmental or regulatory authority or agency is required to be
obtained by such party in connection with its execution, delivery and
performance of this Agreement.

         11.2     Accuracy of Information. WTT warrants that all information
(whether written or oral) and materials given or made available by WTT to WTP
will be current, complete and accurate and shall not omit to state any material
fact. WTT warrants that it will update such information on a prompt and
continuous basis. WTP's ability to perform acceptably under this Agreement is
expressly conditioned and contingent upon the foregoing warranty. WTP warrants
that it shall use best efforts to meet or exceed the service performance levels
set under this Agreement, including, but not limited to, accuracy and timeliness
of information.

         11.3     Third-Party Consents. WTT warrants that it has obtained all
third-party consents and security clearances that are needed to enable WTP to
have access (on-site and remote) to all third-party products and assets to be
utilized by WTP in providing the Services, including, without limitation, all
consents needed for WTP to access and use any applicable WTT systems, hardware
and software.

         11.4     Year 2000. WTT acknowledges that the programming assumptions
made in the development of either (i) the computer hardware, software or other
products owned, leased or otherwise used by WTT (the "WTT System") and/or (ii)
the computer hardware, software or other products owned, licensed or otherwise
used by any third party whose systems in any way interact with, exchange data
with or are interdependent with any WTT System (the "Third Party Systems"), may
prevent certain existing and future system functions in either the WTT System or
Third Party Systems from performing as originally intended with respect to data,
calculations and other processing relating to dates of January 1, 2000 and
beyond (collectively, the "Year 2000 Problems "). WTT acknowledges that WTP
shall have no obligation under this Agreement to correct any Year 2000 Problems,
nor does WTP have any obligation to provide any type of Year 2000 advice or
services (whether review, analysis, planning, implementation, remediation,
project management or any other type of Year 2000 advice or services). To the
extent WTT wishes to engage WTP to perform any such services, they must be
mutually agreed to in a separately signed Year 2000 consulting services
agreement or amendment between WTT and WTP. WTT AGREES THAT WTP HAS NO
RESPONSIBILITY FOR ANY OF THE FOLLOWING WHICH RESULT FROM ANY YEAR 2000 PROBLEM:
(I) ANY INACCURACY IN THE PERFORMANCE OF THE SERVICES OR ADDITIONAL SERVICES;
(II) ANY DELAY IN THE PERFORMANCE OF THE SERVICES OR ADDITIONAL SERVICES; OR
(III) ANY INABILITY TO PERFORM THE SERVICES OR ADDITIONAL SERVICES.

         11.5     WTP represents that it has a backup plan in place consistent
with industry standards to recover all data and information necessary for the
performance of the Services hereunder in the event of a failure of WTP's
computer systems and/or functionality in such a manner as to adversely impact
WTP's standard operating procedures.

         11.6     WTT shall not resale the Services or Additional Services
provided hereunder to any third party without the prior written consent of WTP.

         11.7     DISCLAIMERS. THE WARRANTIES SET FORTH IN THIS SECTION ARE THE
PARTIES' ONLY WARRANTIES CONCERNING THE SERVICES, ARE MADE EXPRESSLY IN LIEU OF
ALL OTHER WARRANTIES AND REPRESENTATIONS, EXPRESS OR IMPLIED, INCLUDING ANY
IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY OR
OTHERWISE, AND ARE SUBJECT TO THE LIMITATIONS ON LIABILITY SET FORTH HEREIN.

12.      Indemnification.

         12.1     Indemnification by WTP. WTP shall indemnify and hold WTT, its
directors, officers, employees and affiliates harmless against, and will
reimburse WTT for, any payment, loss, cost or expense (including reasonable
attorneys' fees) incurred by WTT from any third-party claim or suit asserted
against WTT at any time after the Effective Date in respect of:

                                       9
<PAGE>   10

                  a)       the death or bodily injury of any person or damage to
real and/or tangible personal property arising pursuant to the performance of
WTP's obligations under this Agreement to the extent such death, injury or
damage is proximately caused by the negligence or willful misconduct of WTP or
its employees; and

                  b)       the infringement of the intellectual property or
contractual rights of any third party resulting from WTT's use of work products
created by WTP under this Agreement. Notwithstanding the foregoing, WTP will not
indemnify WTT if the claim of infringement is caused by (1) WTT's misuse or
modification of WTP's work products; (2) WTT's failure to use corrections or
enhancements made available by WTP; (3) WTT's use of WTP's work products in
combination with any product or information not owned or developed by WTP; (4)
WTT's distribution, marketing or use for the benefit of third parties of WTP's
work products; or (5) information or materials provided by WTT or any third
party.

         12.2     Indemnification by WTT. WTT shall indemnify and hold WTP its
partners, employees and affiliates harmless against, and will reimburse WTP for,
any payment, loss, cost or expense (including reasonable attorneys, fees)
incurred by WTP frorn any third-party claim or suit asserted against WTP at any
time after the Effective Date in respect of:

                  a)       the death or bodily injury of any person or damage to
real and/or tangible personal property at WTT's facilities or arising pursuant
to the performance of WTT's obligations under this Agreernent, to the extent
such death, injury or damage is proximately caused by the negligence or willful
misconduct of WTT, its employees, or agents;

                  b)       the infringement by WTP of the intellectual property
and contractual rights of any person or entity resulting from the use of any of
WTTs information, data or software or third-party software in the performance of
the Services or any Additional Services. Notwithstanding the foregoing, WTT will
not indemnify WTP if the claim of infringement is caused by (1) WTT's failure to
use corrections or enhancements made available by WTT; (2) WTT's use of WTT's
materials and information in combination with any product or information not
owned, developed or provided by WTT; (3) WTT's distribution, marketing or use
for the benefit of third parties of such materials and information, or (4)
information or materials provided by WTP;

                  c)       any claim by any third party relating to the conduct
of WTTs functions and operations occurring prior to the Effective Date;

                  d)       any claim by any of WTT's employees or former
employees;

                  e)       the failure of WTT to obtain any consent relating to
WTP's use of any third-party products in connection with this Agreement;

                  f)       any claim arising out of or relating to any Year 2000
Problem;

                  g)       any claim or suit attributable to knowing
misrepresentations by WTT management; and

                  h)       any claim by any third party (including, without
limitation, any claim by any governmental authority) arising out of or relating
to WTT's Services or any Additional Services or the use by WTT of any
deliverable item unless such claims are finally determined to have resulted
solely from the gross negligence or willful misconduct of WTP or its employees.

         12.3     Conditions of Indemnification. To receive the foregoing
indemnities, the Party seeking indemnification must promptly notify the other in
writing of a claim or suit and provide reasonable cooperation (at the
indemnifying party's expense) and full authority to defend or settle the claim
or suit Neither party shall have any obligation to indemnify the other under any
settlement made without its written consent.

                                       10
<PAGE>   11

13.      Remedies.

         13.1     Limitation Period. Neither party may assert against the other
any claim in connection with this Agreement unless the asserting party has given
the other party written notice of the claim within one (1) year after the
asserting party first know or should have known of the facts giving rise to such
claim.

         13.2     Release. Because of the importance of management's
representations to WTP with respect to WTT's ability to perform its Services and
Additional Services, WTT agrees to release WTP and its personnel from any
liability and costs relating to the Services and/or Additional Services
hereunder which liability and costs are attributable to any misrepresentation
made by WTT management.

14.      Miscellaneous.

         14.1     Binding Nature and Assignment; Subcontract. This Agreement
shall be binding on and inure to the benefit of the parties and their respective
successors and assigns. Neither party may assign any of its rights or
obligations under this Agreement without the prior written consent of the other,
which shall not be unreasonably withheld.

         14.2     Notices. Notices under this Agreement shall be deemed given
when delivered by hand, on the fifth business day after such notice is deposited
in the United States mail, registered or certified, return receipt requested,
postage prepaid, or sent via facsimile and sent to the following address:

  WTT: WorldTravel Technologies, L.L.C.    WTP: WorldTravel Partners I, L.L.C.
       6 W. Druid Hills Road                    1055 Lenox Park Boulevard
       Atlanta, GA  30329                       Atlanta, GA  30319
       Attention: Ralph Manaker                 Attention: Timothy J. Severt
                  General Counsel

Either party may change its address by giving the other written notice of the
new address.

         14.3     Relationship of Parties. WTP is acting as an independent
contractor in providing its services. WTP Personnel shall remain WTP's employees
for all purposes including but not limited to determining responsibility for all
payroll-related obligations. WTP shall at all times be responsible for
supervising, directing and coordinating the professional responsibilities and
duties of all WTP Personnel in respect of their performance of all services
under this Agreement. WTP Personnel are not intended to be "leased employees" as
that term is defined under the Internal Revenue Code. Except as otherwise
expressly provided in this Agreement, WTP does not undertake to perform any
obligations of WTT whether regulatory or contractual or to assume any
responsibility for the management of WTT's business.

         14.4     Headings. The section headings used herein are for convenience
only and shall not affect the interpretation hereof.

         14.5     Force Majeure. Neither party shall be liable for any delays or
failures in performance due to circumstances beyond its control, including
failures of computers, computer related equipment, hardware or software.

         14.6     Severability. If any provision of this Agreement is found to
be prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement.

         14.7     Waiver. No delay or omission by either party to exercise any
right or power under this Agreement or pursuant to applicable law shall impair
such right or power or be construed as a waiver thereof. A waiver by any party
of any covenant or breach shall not be construed to be a waiver of any other
covenant or succeeding breach.

                                       11
<PAGE>   12

         14.8     Publicity. All media releases, public announcements and public
disclosures by either party relating to this Agreement, including, without
limitation, promotional or marketing material, but not including any disclosure
required by legal, accounting or regulatory requirements, shall be approved by
the parties prior to such release.

         14.9     Entire Agreement. This Agreement constitutes the entire
agreement between the parties regarding the Services and supersedes all prior
agreements and understandings. No amendment, modification, waiver or discharge
of this Agreement shall be valid unless in writing and signed by authorized
representatives of both parties.

         14.10    Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of Georgia.

         14.11    WTP-Developed Software. Any software developed by WTP in
providing Services or Additional Services is outside the scope of this Agreement
and therefore, absent written agreement to the contrary, will be the property of
WTP.

         14.12    Multiple Counterparts. This Agreement may be executed in a
number of identical counterparts, each of which shall be deemed an original for
all purposes and all of which constitute, collectively, one Agreement.

         14.13    Third-Party Claims. This Agreement has been entered into for
the sole benefit of WTT and WTP, and in no event shall any third-party
beneficiaries be created thereby.

         14.14    Survival. The terms of Sections 4 (Payments), 5 (Term and
Termination) 8 (Dispute Resolution), 9 (Confidentiality), 10 (Proprietary
Materials), 11 (Representations, Warranties, and Disclaimers) 12
(Indemnification) 13 (Remedies) and 14 (Miscellaneous) of this Agreement shall
survive the termination of this Agreement.

                         (SIGNATURES ON FOLLOWING PAGE)

                                       12
<PAGE>   13

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

WorldTravel Partners I, L.L.C.                 WorldTravel Technologies, LLC

By: /s/ Danny Hood                             By: /s/ Ralph Manaker
   ---------------------------                    ---------------------------

Title:  President                              Title:  President
      ------------------------                       -------------------------
        Danny Hood                                     Ralph Manaker

                                       13
<PAGE>   14

                           EXHIBIT A: SCOPE ADDENDUM

                                       14
<PAGE>   15

                    EXHIBIT B: CHANGE ORDER REQUEST ADDENDUM

                                       15
<PAGE>   16

                                EXHIBIT C: FEES

                                       16<PAGE>   1
                                                                    EXHIBIT 10.7

                                    TRX, INC.

                            2000 STOCK INCENTIVE PLAN

<PAGE>   2

                                    TRX, INC.
                            2000 STOCK INCENTIVE PLAN

                                    ARTICLE 1
                                     PURPOSE

         1.1 General Purpose. The purpose of this Plan is to further the growth
and development of the Company by encouraging employees and nonemployee
Directors to obtain a proprietary interest in the Company by owning its stock.
The Company intends that the Plan will provide such persons with an added
incentive to continue in the employ of the Company and will stimulate their
efforts in promoting the growth, efficiency and profitability of the Company.
The Company also intends that the Plan will afford the Company a means of
attracting to its service persons of outstanding quality.

         1.2 Intended Tax Effects of Stock Rights. It is intended that part of
the Plan qualify as an ISO (as hereinafter defined) plan and that any option
granted in accordance with such portion of the Plan qualify as an ISO (as
hereinafter defined), all within the meaning of Code ss.422. The tax effects of
any NQSO granted hereunder should be determined under Code ss.83.

                                   ARTICLE 2
                                   DEFINITIONS

         The following words and phrases as used in this Plan shall have the
meanings set forth in this Article unless a different meaning is clearly
required by the context:

         2.1 1933 Act shall mean the Securities Act of 1933, as amended.

         2.2 1934 Act shall mean the Securities Exchange Act of 1934, as
amended.

         2.3 Board shall mean the Board of Directors of the Company.

         2.4 Cause shall mean any act by an individual of fraud or dishonesty
(whether or not in connection with the Company's business), competing with the
business of the Company either directly or indirectly, the breach of any
provision of any employment contract with the Company, failure to comply with
the decisions of the Company, failure to discharge a duty of loyalty to the
Company, or any other matter constituting "good cause" under the laws of the
State of Georgia.

         2.5 Change of Control shall mean the occurrence of any one of the
following events:

<PAGE>   3

              (a) Acquisition By Person of Substantial Percentage. The
         acquisition by a Person (including "affiliates" and "associates" of
         such Person, but excluding the Company, any "parent" or "subsidiary" of
         the Company, or any employee benefit plan of the Company or of any
         "parent" or "subsidiary" of the Company) of a sufficient number of
         shares of the Common Stock, or securities convertible into the Common
         Stock, and whether through direct acquisition of shares or by merger,
         consolidation, share exchange, reclassification of securities or
         recapitalization of or involving the Company or any "parent" or
         "subsidiary" of the Company, to constitute the Person the actual or
         beneficial owner of 50 percent or more of the Common Stock;

              (b) Disposition of Assets. Any sale, lease, transfer,
         exchange, mortgage, pledge or other disposition, in one transaction or
         a series of transactions, of all or substantially all of the assets of
         the Company to a Person described in subsection (a) above; or

              (c) Substantial Change of Board Members. During any
         consecutive twenty-four (24) month period, individuals who at the
         beginning of such period constitute the Board cease for any reason to
         constitute at least a majority thereof, unless the election of each
         director who was not a director at the beginning of such period has
         been approved in advance by a majority of the directors in office at
         the beginning of the 24-month period.

For purposes of this Section, the terms "affiliate," "associate," "parent" and
"subsidiary" shall have the respective meanings ascribed to such terms in Rule
12b-2 under Section 12 of the 1934 Act.

         2.6  Code shall mean the Internal Revenue Code of 1986, as amended.

         2.7  Committee shall mean the committee appointed by the Board to
administer and interpret the Plan in accordance with Article 3 below.

         2.8  Common Stock shall mean the common stock of the Company.

         2.9  Company shall mean TRX, Inc. and its successors.

         2.10 Director shall mean any individual who is serving as a member of
the Board of Directors of the Company.

         2.11 Disability shall mean, with respect to an individual, the total
and permanent disability of such individual, as determined by the Company's
long-term disability insurance carrier, so that such individual is eligible to
receive benefits under the Company's long-term disability insurance plan, or if
no such plan is applicable, an individual's inability (with or without
accommodation) to engage in the essential functions of his or her duties due to
a medically-determinable physical or mental impairment, illness or injury, which
can be expected to result in death or to be of long-continued and indefinite
duration.

                                       2
<PAGE>   4

         2.12 Effective Date shall mean January 1, 2000, subject to shareholder
approval.

         2.13 Fair Market Value of the Common Stock as of a date of
determination shall mean the following:

              (a) Stock Listed and Shares Traded. If the Common Stock is
         listed and traded on a national securities exchange (as such term is
         defined by the 1934 Act) or on the NASDAQ National Market System on the
         date of determination, the Fair Market Value per share shall be the
         closing price of a share of the Common Stock on the national securities
         exchange or National Market System on the business day immediately
         preceding the date of determination. If the Common Stock is traded in
         the over-the-counter market, the Fair Market Value per share shall be
         the average of the closing bid and asked prices on the business day
         immediately preceding the date of determination.

              (b) Stock Listed But No Shares Traded. If the Common Stock is
         listed on a national securities exchange or on the National Market
         System but no shares of the Common Stock are traded on the date of
         determination but there were shares traded on dates within a reasonable
         period before the date of determination, the Fair Market Value shall be
         the closing price of the Common Stock on the most recent date before
         the date of determination. If the Common Stock is regularly traded in
         the over-the-counter market but no shares of the Common Stock are
         traded on the date of determination (or if records of such trades are
         unavailable or burdensome to obtain) but there were shares traded on
         dates within a reasonable period before the date of determination, the
         Fair Market Value shall be the average of the closing bid and asked
         prices of the Common Stock on the most recent date before the date of
         determination.

              (c) Stock Not Listed. If the Common Stock is not listed on a
         national securities exchange or on the National Market System and is
         not regularly traded in the over-the-counter market, then the Committee
         shall determine the Fair Market Value of the Common Stock from all
         relevant available facts, which may include any recent sales and
         purchases of such Common Stock to the extent they are representative.

         The Committee's determination of Fair Market Value, which shall be made
pursuant to the foregoing provisions, shall be final and binding for all
purposes of this Plan.

         2.14 ISO shall mean an incentive stock option within the meaning of
Code ss.422(b).

         2.15 NQSO shall mean a nonqualified option to which Code ss.421
(relating generally to certain ISO and other options) does not apply.

         2.16 Option shall mean ISO's and NQSO's, as applicable, granted to
individuals pursuant to the terms and provisions of this Plan.

         2.17 Option Agreement shall mean a written agreement, executed and
dated by the Company and an Optionee, evidencing an Option granted under the
terms and provisions of this

                                       3
<PAGE>   5

Plan, setting forth the terms and conditions of such Option, and specifying the
name of the Optionee and the number of shares of stock subject to such Option.

         2.18 Option Price shall mean the purchase price of the shares of Common
Stock underlying an Option.

         2.19 Optionee shall mean an individual who is granted an Option
pursuant to the terms and provisions of this Plan.

         2.20 Person shall mean any individual, organization, corporation,
partnership or other entity.

         2.21 Plan shall mean this TRX, Inc. 2000 Stock Incentive Plan.

                                   ARTICLE 3
                                 ADMINISTRATION

         3.1 General Administration. The Plan shall be administered and
interpreted by the Committee. Subject to the express provisions of the Plan, the
Committee shall have authority to interpret the Plan, to prescribe, amend and
rescind rules and regulations relating to the Plan, to determine the terms and
provisions of the Option Agreements by which Options shall be evidenced (which
shall not be inconsistent with the terms of the Plan), and to make all other
determinations necessary or advisable for the administration of the Plan, all of
which determinations shall be final, binding and conclusive.

         3.2 Appointment. The Board shall appoint the Committee from among its
nonemployee members to serve at the pleasure of the Board. The Board from time
to time may remove members from, or add members to, the Committee and shall fill
all vacancies thereon. The Committee at all times shall be composed of two or
more directors who shall meet the following requirements:

             (a) Disinterested Administration Rule. During the period any
         director is serving on the Committee and during the 1-year period
         immediately preceding the commencement of such service, he shall not be
         or have been granted or awarded any Option or other equity securities
         of the Company under the Plan (or any other discretionary stock plan of
         the Company or any Company affiliate as defined by Rule 144(a)(1) of
         the 1933 Act). Notwithstanding the preceding sentence, a member of the
         Committee may participate during such period in (A) a formula plan, (B)
         an ongoing securities acquisition program with broad-based employee
         participation, and/or (C) a program to elect to receive all or part of
         his annual retainer in equity securities of the Company, all as defined
         and limited by Rule 16b-3 promulgated under Section 16 of the 1934 Act.
         The requirements of this subsection are intended to comply with the
         "disinterested administration rule" of Rule 16b-3 under Section 16 of
         the 1934 Act or any successor rule or regulation, and shall be
         interpreted and construed in a manner which assures compliance with
         said Rule. To the extent said Rule 16b-3 is modified to reduce

                                       4
<PAGE>   6

         or increase the restrictions on who may serve on the Committee, the
         Plan shall be deemed modified in a similar manner.

             (b) Outside Director Rule. No director serving on the
         Committee may be a current employee of the Company or a former employee
         of the Company (or any corporation affiliated with the Company under
         Codess.1504) receiving compensation for prior services (other than
         benefits under a tax-qualified retirement plan) during each taxable
         year during which the director serves on the Committee. Furthermore, no
         director serving on the Committee shall be or have ever been an officer
         of the Company (or any Codess.1504 affiliated corporation), or shall be
         receiving remuneration (directly or indirectly) from such a corporation
         in any capacity other than as a director. The requirements of this
         subsection are intended to comply with the "outside director"
         requirements of Treas. Reg.ss.1.162-27(e)(3) or any successor
         regulation, and shall be interpreted and construed in a manner which
         assures compliance with the "outside" director requirement of
         Codess.162(m)(4)(C)(i).

         3.3 Organization. The Committee may select one of its members as its
chairman and shall hold its meetings at such times and at such places as it
shall deem advisable. A majority of the Committee shall constitute a quorum, and
such majority shall determine its actions. The Committee shall keep minutes of
its proceedings and shall report the same to the Board at the meeting next
succeeding.

         3.4 Delegation by Committee. Unless prohibited by applicable law or the
rules of an applicable stock exchange, the Committee may allocate all or some of
its responsibilities and powers to any one or more of its members. The Committee
may revoke any such allocation or delegation at any time. The Committee
delegates the authority to grant Options of up to 10,000 shares each to
nonofficer employees to the Company's Corporate Chief Executive Officer, which
grants shall be subject to approval by the Committee at its next following
meeting. The Committee delegates to the Company's Corporate Secretary the
authority to document any and all grants and awards made by the Committee under
the Plan.

         3.5 Indemnification. In addition to such other rights of
indemnification as they have as directors or as members of the Committee, the
members of the Committee, to the extent permitted by applicable law, shall be
indemnified by the Company against reasonable expenses (including, without
limitation, attorneys' fees) actually and necessarily incurred in connection
with the defense of any action, suit or proceeding, or in connection with any
appeal, to which they or any of them may be a party by reason of any action
taken or failure to act under or in connection with the Plan or any Options
granted hereunder, and against all amounts paid by them in settlement thereof
(provided such settlement is approved to the extent required by and in the
manner provided by the articles or certificate of incorporation or the bylaws of
the Company relating to indemnification of directors) or paid by them in
satisfaction of a judgment in any such action, suit or proceeding, except in
relation to matters as to which it shall be adjudged in such action, suit or
proceeding that such Committee member or members did not act in good faith and
in a manner he or they reasonably believed to be in or not opposed to the best
interest of the Company.

                                       5
<PAGE>   7

                                   ARTICLE 4
                                      STOCK

         The stock subject to the Options and other provisions of the Plan shall
be authorized but unissued or reacquired shares of Common Stock. Subject to
readjustment in accordance with the provisions of Article 7, the total number of
shares of Common Stock which may be granted to, or for which Options may be
granted to, persons participating in the Plan shall not exceed in the aggregate
1,300,000 shares of Common Stock. Notwithstanding the foregoing, shares of
Common Stock allocable to the unexercised portion of any expired or terminated
Option again may become subject to Options under the Plan.

                                   ARTICLE 5
                   ELIGIBILITY TO RECEIVE AND GRANT OF OPTIONS

         5.1 Individuals Eligible for Grants of Options. The individuals
eligible to receive Options hereunder shall be (i) employees of the Company who
are in "good standing" (as defined below), including such employees who are also
members of the Board of the Company, (ii) any nonemployee Directors of the
Company, (iii) any key management employees of companies related to the Company
(even if those companies are not within the same controlled group of
corporations as the Company), and (iv) any consultants and/or advisors who are
designated by the Committee to receive Options under the Plan; provided,
however, that only employees of the Company and its "parent" or "subsidiary"
corporations within the meaning of subsections (e) and (f) of Code ss.424 shall
be eligible to receive ISO's. For purposes of this provision, an employee is in
"good standing" if he has an executed employment contract with the Company in
force and/or he has a Restrictive Covenant Agreement with the Company in force.

         5.2 Grants of Options. Subject to the provisions of the Plan, the
Committee shall have the authority and sole discretion to determine and
designate, from time to time, those individuals (from among the individuals
eligible for a grant of Options under the Plan pursuant to Section 5.1 above) to
whom Options will actually be granted, the Option Price of the shares covered by
any Options granted, the manner in and conditions under which Options are
exercisable (including, without limitation, any limitations or restrictions
thereon), and the time or times at which Options shall be granted. In making
such determinations, the Committee may take into account the nature of the
services rendered by the respective employees to whom Options may be granted,
their present and potential contributions to the Company's success and such
other factors as the Committee, in its sole discretion, shall deem relevant. In
its authorization of the granting of an Option hereunder, the Committee shall
specify the name of the Optionee, the number of shares of stock subject to such
Option and whether such Option is an ISO or a NQSO. The Committee may grant, at
any time, new Options to an Optionee who previously has received Options,
whether such Options include prior Options that still are outstanding,
previously have been exercised in whole or in part, have expired or are canceled
in connection with the issuance of new Options. No individual shall have any
claim or right to be granted Options under the Plan unless such claim or right
has been expressly provided in a contract executed by the Company.

                                       6
<PAGE>   8

         5.3 Limitation on Exercisability of ISO's. Notwithstanding anything
herein to the contrary, the aggregate Fair Market Value of ISO's which are
granted to any employee under the Plan or any other stock option plan adopted by
the Company that are first exercisable in any one calendar year shall not exceed
$100,000. The Committee shall interpret and administer the limitations set forth
in this Section in accordance with Code ss.422(d).

         5.4 Restriction on Grant of Stock Options. No more than 500,000 shares
of Common Stock may be made subject to Options granted during a calendar year to
any one individual.

                                   ARTICLE 6
                         TERMS AND CONDITIONS OF OPTIONS

         Options granted hereunder and Option Agreements shall comply with and
be subject to the following terms and conditions:

         6.1 Requirement of Option Agreement. Upon the grant of an Option
hereunder, the Committee shall prepare (or cause to be prepared) an Option
Agreement. The Committee shall present such Option Agreement to the Optionee.
Upon execution of such Option Agreement by the Optionee, such Option shall be
deemed to have been granted effective as of the date of grant. The failure of
the Optionee to execute the Option Agreement within 30 days after the date of
the receipt of same shall render the Option Agreement and the underlying Option
null and void ab initio.

         6.2 Optionee and Number of Shares. Each Option Agreement shall state
the name of the Optionee and the total number of shares of the Common Stock to
which it pertains, the Option Price, and the date as of which the Option was
granted under this Plan.

         6.3 Exercisability. Unless otherwise specified by the Committee in the
Option Agreement, an Option shall first become exercisable with respect to such
portions of the shares subject to such Option as are specified in the schedule
set forth hereinbelow:

             (a) Commencing as of the first anniversary of the date the
         Option is granted, the Optionee shall have the right to exercise the
         Option with respect to, and to thereby purchase, 20% of the shares
         subject to such Option. Prior to said date, the Option shall be
         unexercisable in its entirety.

             (b) Commencing as of the second anniversary of the date the
         Option is granted, the Optionee shall have the right to exercise the
         Option with respect to, and to thereby purchase, an additional 20% of
         the shares subject to the Option.

             (c) Commencing as of the third anniversary of the date the
         Option is granted, the Optionee shall have the right to exercise the
         Option with respect to, and to thereby purchase, an additional 20% of
         the shares subject to the Option.

                                       7
<PAGE>   9

             (d) Commencing as of the fourth anniversary of the date the
         Option is granted, the Optionee shall have the right to exercise the
         Option with respect to, and to thereby purchase, an additional 20% of
         the shares subject to the Option.

             (e) Commencing as of the fifth anniversary of the date the
         Option is granted, the Optionee shall have the right to exercise the
         Option with respect to, and to thereby purchase, the remainder of the
         shares subject to such Option.

             (f) Notwithstanding subsections (a) through (e) above, any
         Options previously granted to an Optionee shall become immediately
         exercisable for 100% of the number of shares subject to the Options
         upon the Optionee's becoming Disabled or upon his death or upon a
         Change in Control of the Company.

Other than as provided above, if an Optionee ceases to be an employee of the
Company or a company with ownership related to the Company, his rights with
regard to all then unexercisable Options shall cease immediately.

         6.4 Option Price. The Option Price of the shares of Common Stock
underlying each Option shall be the Fair Market Value of the Common Stock on the
date the Option is granted, unless otherwise determined by the Committee;
provided, in no event shall the Option Price of any ISO be less than 100% (110%
in the case of ISO's of Optionees who own more than ten percent of the voting
power of all classes of stock of either the Company or any "parent" or
"subsidiary" corporation of the Company (within the meaning of subsections (e)
and (f) of Code ss.424)) of the Fair Market Value of the Common Stock on the
date the Option is granted. Upon execution of an Option Agreement by both the
Company and Optionee, the date as of which the Committee granted the Option as
specified in the Option Agreement shall be considered the date on which such
Option is granted.

         6.5 Terms of Options. Subject to the provisions of Section 6.9, terms
of Options granted under the Plan shall commence on the date of grant and shall
expire on such date as the Committee may determine for each Option; provided, in
no event shall any Option be exercisable after ten years (five years in the case
of ISO's granted to Optionees who own more than ten percent of the voting power
of all classes of stock of either the Company or any parent or subsidiary) from
the date the Option is granted. No Option shall be granted hereunder after ten
years from the earlier of the date the Plan is approved by the shareholders or
the date the Plan is adopted by the Board.

         6.6 Minimum Exercise. The exercise of an Option may be for less than
the full number of shares of Common Stock subject to such Option, but such
exercise shall not be made for less than (i) 100 shares or (ii) the total
remaining shares subject to such Option, if such total is less than 100 shares.
Subject to the other restrictions on exercise set forth herein, the unexercised
portion of an Option may be exercised at a later date by the Optionee.

         6.7 Method of Exercise. All Options granted hereunder shall be
exercised by written notice directed to the Secretary of the Company at its
principal place of business or to such other person as the Committee may direct.
Each notice of exercise shall identify the Option which the

                                       8
<PAGE>   10
Optionee is exercising (in whole or in part) and shall be accompanied by
payment of the Option Price for the number of shares specified in such notice
and by any documents required by Section 8.1. The Company shall make delivery of
such shares within a reasonable period of time; provided, if any law or
regulation requires the Company to take any action (including, but not limited
to, the filing of a registration statement under the 1933 Act and causing such
registration statement to become effective) with respect to the shares specified
in such notice before the issuance thereof, then the date of delivery of such
shares shall be extended for the period necessary to take such action. For
Options which are ISO's, written statements shall be furnished to the Optionee
in accordance with Code ss.6039 on or before January 31 of the year following
the year in which the Option was exercised. See Treas. Reg. ss.1.6039-1 and -2,
and 301.6039-1.

         6.8 Medium and Time of Payment.

             (a) The Option Price shall be payable upon the exercise of the
         Option in an amount equal to the number of shares then being purchased
         times the per share Option Price. Payment shall be made in cash or by
         any other method of payment determined acceptable by the Committee
         (including stock tenders and broker-assisted cashless exercises).

             (b) In addition to the payment of the purchase price of the
         shares then being purchased, an Optionee also shall pay in cash an
         amount equal to the amount, if any, which the Company at the time of
         exercise is required to withhold under the income tax or Federal
         Insurance Contribution Act tax withholding provisions of the Code, of
         the income tax laws of the state of the Optionee's residence, and of
         any other applicable law.

         6.9 Effect of Termination of Employment, Disability or Death. Except as
provided in subsections (a), (b) and (c) below, no Option shall be exercisable
unless the Optionee thereof shall have been an employee of the Company from the
date of the granting of the Option until the date of exercise; provided, the
Committee, in its sole discretion, may waive the application of this Section
with respect to any NQSO's granted hereunder and, instead, may provide a
different expiration date or dates in a NQSO Option Agreement.

             (a) Termination of Employment. In the event an Optionee ceases
         to be an employee of the Company for any reason other than death or
         Disability, any Option or unexercised portion thereof granted to him
         shall terminate on and shall not be exercisable after the earliest to
         occur of (i) the expiration date of the Option, (ii) thirty days after
         termination of employment, or (iii) the date on which the Company gives
         notice to such Optionee of termination of employment if employment is
         terminated by the Company for Cause. Notwithstanding the foregoing, in
         the event that an Optionee's employment terminates for a reason other
         than death or Disability at any time after a Change of Control, the
         term of all Options of that Optionee shall be extended through the end
         of the three-month period immediately following the date of such
         termination; provided, this extension shall apply to ISO's only to the
         extent it does not cause the term of such ISO's to exceed the maximum
         term permitted under Codess.422 or does not cause such ISO's to lose
         their status as ISO's. Prior to the earlier of the dates specified in
         the preceding

                                       9
<PAGE>   11

         sentences of this subsection (a), the Option shall be exercisable only
         in accordance with its terms and only for the number of shares
         exercisable on the date of termination of employment. The question of
         whether an authorized leave of absence or absence for military or
         government service or for any other reason shall constitute a
         termination of employment for purposes of the Plan shall be determined
         by the Committee, which determination shall be final and conclusive.

              (b) Disability. Upon the termination of an Optionee's
         employment due to Disability, any Option or unexercised portion thereof
         granted to him which is otherwise exercisable shall terminate on and
         shall not be exercisable after the earlier to occur of (i) the
         expiration date of such Option, or (ii) the date one (1) year after the
         date on which such Optionee ceases to be an employee of the Company due
         to Disability. Prior to the earlier of such date, such Option shall be
         exercisable only in accordance with its terms and only for the number
         of shares exercisable on the date such Optionee's employment ceases due
         to Disability.

              (c) Death. In the event of the death of the Optionee (i) while
         he is an employee of the Company, (ii) within thirty days after the
         date on which such Optionee's employment terminated (for a reason other
         than Cause) as provided in subsection (a) above, or (iii) within one
         (1) year after the date on which such Optionee's employment terminated
         due to his Disability as provided in subsection (b), any Option or
         unexercised portion thereof granted to him which is otherwise
         exercisable may be exercised by the executor or administrator of his
         estate at any time prior to the expiration of one year from the date of
         death of such Optionee, but in no event later than the date of
         expiration of the option period. Such exercise shall be effected
         pursuant to the terms of this Section as if such executor or
         administrator is the named Optionee.

         6.10 Restrictions on Transfer and Exercise of Options. No Option shall
be assignable or transferable by the Optionee except by will or by the laws of
descent and distribution, except that the Committee may approve transfers to one
of the Optionee's immediate family members, a trust (with beneficiaries of only
immediate family members), or a family limited partnership (with general and
limited partners of only immediate family members). An Option shall be
exercisable only by the Optionee; provided, however, that in the event the
Optionee is incapacitated and unable to exercise Options, such Options may be
exercised by such Optionee's legal guardian or other representative whom the
Committee deems appropriate based on applicable facts and circumstances; and
provided further, if the Optionee has assigned or transferred an Option (with
the Committee's consent), that Option may be exercised by the transferee.

         6.11 Rights and Obligations as a Shareholder. An Optionee shall have no
rights as a shareholder with respect to shares covered by his Option until date
of the issuance of the shares to him and only after the Option Price of such
shares is fully paid. Unless specified in Article 8, no adjustment will be made
for dividends or other rights for which the record date is prior to the date of
such issuance. Upon exercise of an Option, the Optionee shall be required to
execute a shareholder's agreement with the Company and shall be subject to the
provisions of such agreement pertinent to the Company's rights of first refusal
and buy-back provisions.

                                       10
<PAGE>   12

         6.12 No Obligation to Exercise Option. The granting of an Option shall
impose no obligation upon the Optionee to exercise such Option.

         6.13 Acceleration. The Committee shall at all times have the power to
accelerate the exercisability of Options previously granted under this Plan.

         6.14 Designation of Option as ISO or NQSO. Subject to the provisions of
this Article, each Option granted under the Plan shall be designated either as
an ISO or a NQSO. An Option Agreement evidencing both an ISO and a NQSO shall
identify clearly the status and terms of each Option.

         6.15 ISO's Converted to NQSO's. In the event any part or all of an
Option granted under the Plan which is intended to be an ISO at any time fails
to satisfy all of the requirements of an ISO, then such ISO shall be split into
an ISO and NQSO so that the portion of the Option, if any, that still qualifies
as an ISO shall remain an ISO and the portion that does not qualify as an ISO
shall become a NQSO. Such split of an Option into an ISO portion and a NQSO
portion shall be evidenced by one or more Option Agreements, as long as each
Option is identified clearly as to its status as an ISO or NQSO.

                                   ARTICLE 7
                   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

         7.1  Recapitalization. In the event that the outstanding shares of the
Common Stock of the Company are hereafter increased or decreased or changed into
or exchanged for a different number or kind of shares or other securities of the
Company by reason of a recapitalization, reclassification, stock split,
combination of shares or dividend payable in shares of the Common Stock, the
following rules shall apply:

              (a) The Committee shall make an appropriate adjustment in the
         number and kind of shares available for the granting of Options under
         the Plan.

              (b) The Committee also shall make an appropriate adjustment in
         the number and kind of shares as to which outstanding Options, or
         portions thereof then unexercised, shall be exercisable; any such
         adjustment in any outstanding Options shall be made without change in
         the total price applicable to the unexercised portion of such Option
         and with a corresponding adjustment in the Option Price per share. No
         fractional shares shall be issued or optioned in making the foregoing
         adjustments, and the number of shares available under the Plan or the
         number of shares subject to any outstanding Options shall be the next
         lower number of shares, rounding all fractions downward.

              (c) Any adjustment to or assumption of ISO's under this
         Section shall be made in accordance with Code ss.424(a) and the
         regulations promulgated thereunder so as to preserve the status of such
         Options as ISO's under Code ss.422.

                                       11
<PAGE>   13

             (d) If any rights or warrants to subscribe for additional
         shares are given pro rata to holders of outstanding shares of the class
         or classes of stock then set aside for the Plan, each Optionee shall be
         entitled to the same rights or warrants on the same basis as holders of
         the outstanding shares with respect to such portion of his Option as is
         exercised on or prior to the record date for determining shareholders
         entitled to receive or exercise such rights or warrants.

         7.2 Reorganization. Subject to any required action by the shareholders,
if the Company shall be a party to any reorganization involving merger,
consolidation, acquisition of the Common Stock or acquisition of the assets of
the Company (other than an initial public offering of the Common Stock) that
does not constitute a Change in Control of the Company, the Committee, in its
discretion, may declare that:

             (a) any Option granted but not yet exercised shall pertain to
         and apply, with appropriate adjustment as determined by the Committee,
         to the securities of the resulting corporation to which a holder of the
         number of shares of the Common Stock subject to such Option would have
         been entitled;

             (b) any or all outstanding Options granted hereunder shall
         become immediately nonforfeitable and fully exercisable (to the extent
         permitted under federal or state securities laws); and/or

             (c) any or all Options granted hereunder shall become
         immediately nonforfeitable and fully exercisable (to the extent
         permitted under federal or state securities laws) and are to be
         terminated after giving at least 30 days' notice to the Optionees to
         whom such Options have been granted.

         7.3 Dissolution and Liquidation. If the Board adopts a plan of
dissolution and liquidation that is approved by the shareholders of the Company,
the Committee shall give each Optionee written notice of such event at least ten
days prior to its effective date, and the rights of all Optionees shall become
immediately exercisable (to the extent permitted under federal or state
securities laws).

         7.4 Limits on Adjustments. Any issuance by the Company of stock of any
class, or securities convertible into shares of stock of any class, shall not
affect, and no adjustment by reason thereof shall be made with respect to, the
number or price of shares of the Common Stock subject to any Option, except as
specifically provided otherwise in this Article. The grant of Options pursuant
to the Plan shall not affect in any way the right or power of the Company to
make adjustments, reclassifications, reorganizations or changes of its capital
or business structure or to merge, consolidate or dissolve, or to liquidate,
sell or transfer all or any part of its business or assets. All adjustments the
Committee makes under this Article shall be conclusive.

                                   ARTICLE 8
                AGREEMENT BY OPTIONEE AND SECURITIES REGISTRATION

                                       12
<PAGE>   14

         8.1 Agreement. If, in the opinion of counsel to the Company, such
action is necessary or desirable, no Options shall be granted to any Optionee,
and no Option shall be exercisable, unless, at the time of grant or exercise, as
applicable, such Optionee (i) represents and warrants that he will acquire the
Common Stock for investment only and not for purposes of resale or distribution,
and (ii) makes such further representations and warranties as are deemed
necessary or desirable by counsel to the Company with regard to holding and
resale of the Common Stock. The Optionee shall, upon the request of the
Committee, execute and deliver to the Company an agreement or affidavit to such
effect. Should the Committee have reasonable cause to believe that such Optionee
did not execute such agreement or affidavit in good faith, the Company shall not
be bound by the grant of the Option or by the exercise of the Option. All
certificates representing shares of Common Stock issued pursuant to the Plan
shall be marked with the following restrictive legend or similar legend, if such
marking, in the opinion of counsel to the Company, is necessary or desirable:

         THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF
         ANY STATE. ACCORDINGLY, THESE SHARES MAY NOT BE SOLD, HYPOTHECATED,
         PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (I) PURSUANT TO AN EFFECTIVE
         REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
         AND ANY APPLICABLE SECURITIES LAWS OR REGULATIONS OF ANY STATE WITH
         RESPECT TO SUCH SHARES, (II) IN ACCORDANCE WITH SECURITIES AND EXCHANGE
         COMMISSION RULE 144, OR (III) UPON THE ISSUANCE TO THE CORPORATION OF A
         FAVORABLE OPINION OF COUNSEL OR THE SUBMISSION TO THE CORPORATION OF
         SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY TO THE CORPORATION THAT SUCH
         PROPOSED SALE, ASSIGNMENT, ENCUMBRANCE OR OTHER TRANSFER WILL NOT BE IN
         VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
         SECURITIES LAWS OF ANY STATE OR ANY RULES OR REGULATIONS THEREUNDER.
         ANY ATTEMPTED TRANSFER OF THIS CERTIFICATE OR THE SHARES REPRESENTED
         HEREBY WHICH IS IN VIOLATION OF THE PRECEDING RESTRICTIONS WILL NOT BE
         RECOGNIZED BY THE CORPORATION, NOR WILL ANY TRANSFEREE BE RECOGNIZED AS
         THE OWNER THEREOF BY THE CORPORATION.

If the Common Stock is (A) held by an Optionee who is not an "affiliate," as
that term is defined in Rule 144 of the 1933 Act, or who ceases to be an
"affiliate," or (B) registered under the 1933 Act and all applicable state
securities laws and regulations as provided in Section 8.2, the Committee, in
its discretion and with the advice of counsel, may dispense with or authorize
the removal of the restrictive legend set forth above or the portion thereof
which is inapplicable.

         8.2 Registration. In the event that the Company in its sole discretion
shall deem it necessary or advisable to register, under the 1933 Act or any
state securities laws or regulations, any shares with respect to which Options
have been granted hereunder, then the Company shall take such action at its own
expense before delivery of the shares to an Optionee. In such event, and if the
shares of Common Stock of the Company shall be listed on any national securities

                                       13
<PAGE>   15

exchange or on NASDAQ at the time of the exercise of any Option, the Company
shall make prompt application at its own expense for the listing on such stock
exchange or NASDAQ of the shares of Common Stock to be issued.

                                   ARTICLE 9
                                 EFFECTIVE DATE

         The Plan shall be effective as of the Effective Date, and no Options
shall be granted hereunder prior to said date. Adoption of the Plan shall be
approved by the shareholders of the Company within twelve (12) months after the
adoption of the Plan by the Board. Shareholder approval shall be made by a
majority of the votes cast at a duly held meeting at which a quorum representing
a majority of all outstanding voting stock is, either in person or by proxy,
present and voting on the Plan, or by the written consent in lieu of a meeting
of the holders of a majority of the outstanding voting stock or such greater
number of shares of voting stock as may be required by the Company's articles or
certificate of incorporation and bylaws and by applicable law. Failure to obtain
such approval shall render the Plan and any Options granted hereunder null and
void ab initio.

                                   ARTICLE 10
                            AMENDMENT AND TERMINATION

         10.1 Amendment and Termination By the Board. Subject to Section 10.2
below, the Board shall have the power at any time to add to, amend, modify or
repeal any of the provisions of the Plan, to suspend the operation of the entire
Plan or any of its provisions for any period or periods or to terminate the Plan
in whole or in part. In the event of any such action, the Committee shall
prepare written procedures which, when approved by the Board, shall govern the
administration of the Plan resulting from such addition, amendment,
modification, repeal, suspension or termination.

         10.2 Restrictions on Amendment and Termination. Notwithstanding the
provisions of Section 10.1 above, the following restrictions shall apply to the
Board's authority under Section 10.1 above:

              (a) Prohibition Against Adverse Affects on Outstanding
         Options. No addition, amendment, modification, repeal, suspension or
         termination shall adversely affect, in any way, the rights of the
         Optionees who have outstanding Options without the consent of such
         Optionees;

              (b) Shareholder Approval Required for Certain Modifications.
         No modification or amendment of the Plan may be made without the prior
         approval of the shareholders of the Company if such modification or
         amendment would cause the applicable portions of the Plan to fail to
         qualify as an ISO plan pursuant to Code ss.422, such modification or
         amendment would materially increase the number of securities which may
         be issued under the Plan, or such modification or amendment would

                                       14
<PAGE>   16

         materially modify the requirements as to eligibility for participation
         in the Plan. The preceding sentence shall be interpreted in accordance
         with the provisions of paragraph (b)(2) of Rule 16b-3 of the 1934 Act.
         Shareholder approval shall be made by a majority of the votes cast at a
         duly held meeting at which a quorum representing a majority of all
         outstanding voting stock is, either in person or by proxy, present and
         voting, or by the written consent in lieu of a meeting of the holders
         of a majority of the outstanding voting stock or such greater number of
         shares of voting stock as may be required by the Company's articles or
         certificate of incorporation and bylaws and by applicable law;
         provided, however, that for modifications described in clauses (ii),
         (iii) and (iv) above, such shareholder approval, whether by vote or by
         written consent in lieu of a meeting, must be solicited substantially
         in accordance with the rules and regulations in effect under Section
         14(a) of the 1934 Act as required by paragraph (b)(2) of Rule 16b-3 of
         the 1934 Act.

                                   ARTICLE 11
                            MISCELLANEOUS PROVISIONS

         11.1 Application of Funds. The proceeds received by the Company from
the sale of the Common Stock subject to the Options granted hereunder will be
used for general corporate purposes.

         11.2 Notices. All notices or other communications by an Optionee to the
Committee pursuant to or in connection with the Plan shall be deemed to have
been duly given when received in the form specified by the Committee at the
location, or by the person, designated by the Committee for the receipt thereof.

         11.3 Term of Plan. Subject to the terms of Article 10, the Plan shall
terminate upon the later of (i) the complete exercise or lapse of the last
outstanding Stock Right, or (ii) the last date upon which Options may be granted
hereunder.

         11.4 Compliance with Rule 16b-3 and Code Section 162(m). This Plan is
intended to be in compliance with the requirements of Rule 16b-3 as promulgated
under Section 16 of the 1934 Act. In addition, this Plan is intended to be in
compliance with the requirements for exemption of grants under Code Section
162(m).

         11.5 Governing Law. The Plan shall be governed by and construed in
accordance with the laws of the State of Georgia.

         11.6 Additional Provisions By Committee. The Option Agreements
authorized under the Plan may contain such other provisions, including, without
limitation, restrictions upon the exercise of an Option, as the Committee shall
deem advisable.

         11.7 Plan Document Controls. In the event of any conflict between the
provisions of an Option Agreement and the Plan, the Plan shall control.

                                       15
<PAGE>   17

         11.8  Gender and Number. Wherever applicable, the masculine pronoun
shall include the feminine pronoun, and the singular shall include the plural.

         11.9  Headings. The titles in this Plan are inserted for convenience of
reference; they constitute no part of the Plan and are not to be considered in
the construction hereof.

         11.10 Legal References. Any references in this Plan to a provision of
law which is, subsequent to the Effective Date of this Plan, revised, modified,
finalized or redesignated, shall automatically be deemed a reference to such
revised, modified, finalized or redesignated provision of law.

         11.11 No Rights to Employment. Nothing contained in the Plan, or any
modification thereof, shall be construed to give any individual any rights to
employment with the Company or any parent or subsidiary corporation of the
Company.

         11.12 Unfunded Arrangement. The Plan shall not be funded, and except
for reserving a sufficient number of authorized shares to the extent required by
law to meet the requirements of the Plan, the Company shall not be required to
establish any special or separate fund or to make any other segregation of
assets to assure the payment of any grant under the Plan.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed by
its duly authorized officer, as of the 1st day of January, 2000.

                                      TRX, INC.

                                      By:
                                         ----------------------------------

                                      Title:
                                            -------------------------------

                ADOPTED BY BOARD OF DIRECTORS ON JANUARY 13, 2000
                 APPROVED BY SHAREHOLDERS AS OF FEBRUARY 4, 2000

                                       16

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