Document:

Exhibit 10.1

                         LOCATEPLUS HOLDINGS CORPORATION
                              AMENDED AND RESTATED
                           INCENTIVE AND NON-QUALIFIED
                                STOCK OPTION PLAN

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                         LOCATEPLUS HOLDINGS CORPORATION
                AMENDED AND RESTATED INCENTIVE AND NON-QUALIFIED
                                STOCK OPTION PLAN

SECTION  1.     NAME  AND  PURPOSES  OF  THE  PLAN.
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(A)     NAME.  The  Plan  will  be  known as the LocatePLUS Holdings Corporation
Incentive  and  Non-Qualified  Stock  Option  Plan.

(B)     PURPOSES.  The  purpose  of  the  Plan  is  to provide key Employees and
Consultants  with  an  opportunity  to  share in the capital appreciation of the
Common  Stock  of  the  Company.  The  Options  granted pursuant to the Plan are
intended  to  constitute  either  Incentive Stock Options or Non-Qualified Stock
Options,  as  determined  by the Administrator of the Plan at the time of grant.

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

     (A)     "ADMINISTRATOR" means the person or committee designated as such by
the  Board  pursuant  to Section 3 of the Plan, which shall administer the Plan.
In  the  absence  of  such a Committee appointed by the Board, the Administrator
shall  be  the President and Chief Executive Officer, provided that such officer
is  also  a  member  of  the  Board  of  Directors.

(B)     "AFFILIATE" means, whether now or hereafter existing, a person or entity
that  directly,  or  indirectly controls or is controlled by, or is under common
control with, the Company, except that when used in connection with an Incentive
Stock  Option,  "Affiliate"  shall  mean  a  Subsidiary.

(C)     "BOARD" means the Board of Directors of the Company, as constituted from
time  to  time.

     (D)     "CHANGE  OF  CONTROL"  means the happening of an event (excluding a
Public  Offering)  that  shall  be  deemed to have occurred upon the earliest to
occur  of  the  following  events:

          (I)     the  date  the  stockholders  of the Company (or the Board, if
stockholder action is not required) approve a plan or other arrangement pursuant
to  which  the  Company  will  be  dissolved  or  liquidated;

          (II)     the  date  the  stockholders of the Company (or the Board, if
stockholder  action  is  not required) approve a definitive agreement to sell or
otherwise  dispose  of  all  or  substantially all of the assets of the Company;

          (III)     the  date  the stockholders of the Company (or the Board, if
stockholder  action  is  not  required)  and  the  stockholders  of  the  other
constituent corporations (or their respective boards of directors, if and to the
extent  that  stockholder  action  is  not  required) have approved a definitive
agreement  to  merge  or  consolidate  the  Company  with  or  into  another

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corporation,  other  than,  in  either  case,  a  merger or consolidation of the
Company  in  which  holders  of  shares  of  the  Company's voting capital stock
immediately  prior  to the merger or consolidation will have at least 50% of the
ownership of voting capital stock of the surviving corporation immediately after
the  merger  or  consolidation  (on a fully diluted basis), which voting capital
stock  is  to  be  held by each such holder in the same or substantially similar
proportion  (on  a  fully  diluted  basis)  as such holder's ownership of voting
capital  stock  of  the  Company immediately before the merger or consolidation;

          (IV)     the  date  any entity, person or group (within the meaning of
Section  13(d)(3)  or  Section  14(d)(2)  of  the  Exchange  Act),  other  than:
               (A)     the  Company,

               (B)     any  of  its  Subsidiaries,

               (C)     any  of  the holders of the capital stock of the Company,
as  determined  on  the  date  that  this  Plan  is  adopted  by  the  Board,

               (D)     any employee benefit plan (or related trust) sponsored or
maintained  by  the  Company  or  any  of  its  Subsidiaries  or

               (E)     any Affiliate of any of the foregoing shall have acquired
beneficial  ownership  of,  or shall have acquired voting control over more than
50%  of the outstanding shares of the Company's voting capital stock (on a fully
diluted  basis), unless the transaction pursuant to which such person, entity or
group  acquired  such beneficial ownership or control resulted from the original
issuance  by  the Company of shares of its voting capital stock and was approved
by at least a majority of directors who shall have been members of the Board for
at  least  12  months  prior  to  the  date  of  such  approval;

          (V)     the  first  day after the date of this Plan when directors are
elected such that there shall have been a change in the composition of the Board
such  that a majority of the Board shall have been members of the Board for less
than  12 months, unless the nomination for election of each new director who was
not  a  director at the beginning of such 12-month period was approved by a vote
of  at least 60% of the directors then still in office who were directors at the
beginning  of  such  period;  or

          (VI)     the  date  upon  which  the  Board  determines  (in  its sole
discretion)  that  based  on  then  current  available  information,  the events
described  in  clause  (iv)  are  reasonably  likely  to  occur.

     (E)     "CODE"  means  the  Internal  Revenue Code of 1986, as amended from
time  to  time,  and  any  successor  thereto.

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(F)     "COMMITTEE"  means  the  Committee  appointed by the Board in accordance
with Section 3(a) of the Plan, if one is appointed, in which event the Committee
shall  possess  the power and authority of the Board with respect to the Plan as
set  forth  in  Section  3(b)  of  the  Plan.

(G)     "COMMON  STOCK"  means  Common  Stock  of  the  Company.

(H)     "COMPANY" means LocatePLUS Holdings Corporation, a Delaware corporation,
and  any  successor  in  interest  that  agrees to assume and maintain the Plan.

(I)     "COMPANY  PLAN" means any restricted stock, stock bonus, stock option or
other compensation plan, program or arrangement established or maintained by the
Company  or  an  Affiliate.

(J)     "CONSULTANT" means any person associated with the Company who is engaged
by  the  Company  to  render services and is compensated by the Company for such
services,  including but not limited to, a director of the Company who is not an
Employee,  an  advisor,  or  an  independent  contractor.

(K)     "DISABILITY"  or  "DISABLED"  with  respect  to  an  Optionee  means

        (I)  when the Optionee is determined to be disabled  within  the meaning
of any long-term  disability policy or program sponsored by the Company covering
 the Optionee,  as  in  effect  as  of  the  date  of  such  determination,  or

        (II)  if no such policy or program shall be in effect, when the Optionee
is unable  to engage in any substantial gainful activity by reason of a physical
or mental  impairment that can be expected to result in death or that has lasted
or can be  expected to last for a  continuous period of not less than 12 months.
The  determination  of  whether  an  Optionee  is  Disabled  pursuant  to  this
Subparagraph (ii) shall be determined by the Board, whose determination shall be
conclusive; provided  that:

              (A)  if  an  Optionee  is  bound  by  the  terms  of  an executive
employment  agreement  between  the  Optionee  and the Company, then whether the
Optionee  is  "Disabled"  for  purposes  of  the  Plan  shall  be  determined in
accordance with the procedures set forth in said employment  agreement,  if such
 procedures are therein  provided;  and

              (B)  an Optionee bound by such an  employment  agreement shall not
be determined to be Disabled under the Plan any  earlier than he or she would be
determined  to  be  disabled  under  his  or  her  employment  agreement.

(L)     "EMPLOYEE"  means  any  person employed by the Company or any Subsidiary
of  the  Company.

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(M)     "EXCHANGE  ACT"  means  the Securities Exchange Act of 1934, as amended.

(N)     "FAIR  MARKET  VALUE"  means, as of any date, the fair market value of a
Share  as  determined  pursuant  to  Section  7  hereof.

(O)     "IMMEDIATE  FAMILY"  means  an Optionee's spouse and lineal descendants,
any trust all beneficiaries of which are any of such persons and any partnership
all  partners  of  which  are  any  of  such  persons.

(P)     "INCENTIVE  STOCK OPTION" means any Option that is intended to be and is
designated as an incentive stock option within the meaning of Section 422 of the
Code.

(Q)     "NON-EMPLOYEE DIRECTOR" has the meaning set forth in Rule 16b-3(b)(3)(i)
promulgated by the Securities and Exchange Commission under the Exchange Act, or
any  successor  definition  adopted  by  the Securities and Exchange Commission;
provided,  however,  that the Administrator may, to the extent the Administrator
deems  it  necessary  or desirable to comply with Section 162(m) of the Code and
applicable  regulations  thereunder, ensure that each Non-Employee Director also
qualifies  as  an  "outside director" as that term is defined in the regulations
under  Section  162(m)  of  the  Code.

(R)     "NON-QUALIFIED  STOCK  OPTION"  means any Option that is not intended to
qualify  as  an  Incentive  Stock  Option.

(S)     "OPTION"  means  an  Incentive  Stock  Option  or  a Non-Qualified Stock
Option,  as  the  case  may  be,  granted  pursuant  to  the  Plan.

(T)     "OPTION  AGREEMENT"  means  the  written  agreement  by  and between the
Company and an Optionee under which Optionee may purchase the Shares pursuant to
the  exercise  of  an  Option.

(U)     "OPTIONEE" means an Employee or Consultant to whom an Option is granted.

(V)     "OTHER  AVAILABLE  SHARES" means, as of any date, the excess, if any of:
          (I)     the  total  number  of  Shares  owned  by  an  Optionee;  over
          (II)     the  sum  of:
                   (A)     the  number  of  Shares  owned  by such Optionee for
                           months; less than six plus

                   (B)     the  number  of  Shares  owned  by such Optionee that
                           has,   within  the   preceding   six   months,   been
                           surrendered as payment in full  or in  part,  of  the
                           exercise   price   for  an  option  to  purchase  any
                           securities of the Company or an Affiliate  under  any
                           Company  Plan.

(W)     "PLAN" means  this  Incentive  and  Non-Qualified  Stock Option Plan, as
amended  from  time  to  time.

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(X)     "PUBLIC  OFFERING"  means  the  consummation  of  a  firm  commitment
underwritten  public  offering  of  equity  securities of the Company registered
under  the  Securities  Act.

(Y)     "SALE  OF THE COMPANY" means the earliest of: (i) the closing of a sale,
transfer  or  other disposition of all or substantially all of the shares of the
capital stock then outstanding of the Company (except if such transferee is then
an  Affiliate); (ii) the closing of a sale, transfer or other disposition of all
or  substantially all of the assets of the Company (except if such transferee is
then  an Affiliate); or (iii) the merger or consolidation of the Company with or
into  another  corporation  (except  an  Affiliate),  other  than  a  merger  or
consolidation  of  the  Company  in which the holders of shares of the Company's
voting capital stock outstanding immediately before such merger or consolidation
hold  greater than 50% of the surviving entity's voting capital stock after such
consolidation  or  merger.

(Z)     "SECURITIES  ACT"  means  the  Securities  Act  of  1933,  as  amended.

(AA)     "SHARE"  or  "SHARES"  means  a  share  or  shares  of Common Stock, as
adjusted in accordance with Section 8 of the Plan that is allocated to the Plan.

(BB)     "STOCK  PURCHASE  AND RESTRICTION AGREEMENT" means an agreement in such
form  or  forms  as the Board (subject to the terms and conditions of this Plan)
may from time to time approve, which an Optionee shall be required to execute as
a  condition  of  purchasing  Shares  upon  the  exercise  of  an  Option.

(CC)     "SUBSIDIARY"  means, whether now or hereafter existing, a subsidiary or
parent  corporation  of  the Company as such term is defined in Sections 424(e),
(f)  and  (g)  of  the  Code.

(DD)     "VESTED  AMOUNT"  shall mean, with respect to each Option, a percentage
of  the  shares  for  which  the  Option  has become exercisable, subject to the
further  terms  of  the  Plan.

SECTION  3.     ADMINISTRATION.
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(A)     PROCEDURE.  The Plan shall be administered by the  Board or  a Committee
consisting  of  not  less  than  two  (2)  persons appointed by the Board, which
shall  be  the  Administrator.  In  the  event the Company has a class of equity
securities  registered  under  the  Exchange  Act,  the  Board  shall administer
the  Plan  or  shall  appoint  a  Committee  in  accordance  with  Section 3(b).

(B)     COMMITTEE.  If a Committee is appointed by the Board, then the Committee
shall  possess the power and authority of the Board in administering the Plan on
behalf  of  the  Board,  subject  to  the  terms and conditions as the Board may
prescribe.  Members  of  the  Committee  shall be members of the Board and shall
serve  for  such  period of time as the Board may determine.  From time to time,
the  Board may increase the size of the Committee and appoint additional members
thereto,  remove  members  (with  or  without  cause) and appoint new members in
substitution  therefor,  fill vacancies however caused, or remove all members of
the  Committee and thereafter directly administer the Plan.  Notwithstanding the
foregoing,  in the event the Company has a class of equity securities registered
under  the  Exchange  Act,  the  Committee  shall be composed of two (2) or more
Non-Employee  Directors.

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(C)     POWERS  OF  THE  ADMINISTRATOR.  Subject  to  the provisions of the Plan
(and,  in  the case of the Committee, the specific duties delegated by the Board
to  such  Committee),  the  Administrator  shall have the authority, in its sole
discretion:

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

(II)     to  determine  the  Fair Market Value of the Share based upon review of
relevant  information  and  in  accordance  with  Section  7  of  the  Plan;

(III)     to  determine  the  exercise  price  of the Options in accordance with
Section  6(b)  of  the  Plan;

(IV)     to  select  the  Optionees  to  whom  Options  may from time to time be
granted;

(V)     to  determine  the number of Shares to be subject to each Option granted
hereunder;

(VI)     to  prescribe,  amend and rescind rules and regulations relating to the
Plan;

(VII)     to determine the terms and provisions of each Option granted under the
Plan, each Option Agreement and each other agreement that in the sole discretion
of  the  Administrator  may  be  required  (all  of which agreements need not be
identical  with  the  terms  of  other  Options,  Option  Agreements  or  other
agreements);

(VIII)     to  determine  the  circumstances under which the vesting or exercise
date  of  an  Option  will  be  accelerated;

(IX)     to interpret the Plan or any agreement entered into with respect to the
grant  or  exercise  of  Options;

(X)     to  authorize  any  person  to  execute  on  behalf  of  the Company any
instrument  required  to effectuate the grant of an Option previously granted by
the  Board or to take such other actions as may be necessary or appropriate with
respect  to  the  Company's rights pursuant to Options or agreements relating to
the  granting  or  exercise  thereof;

(XI)     to  determine  whether  and  under  what circumstances an Option may be
exercised  without  a  payment  of  cash  under  Section  6(c)  hereof;

(XII)     to  terminate  the  Plan  in  the  event  of  a Change of Control; and

(XIII)     to make such other determinations and establish such other procedures
as  it  deems  necessary  or  advisable  for  the  administration  of  the Plan.

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(D)     EFFECT  OF  THE ADMINISTRATOR'S DECISION.  All decisions, determinations
and  interpretations of the Administrator pursuant to the provisions of the Plan
shall  be  final  and binding on all Optionees and any other holders of Options.

     (E)     LIMITATION  OF  LIABILITY.  Notwithstanding  anything herein to the
contrary,  no  member of the Board or the Committee shall be liable for any good
faith  determination,  act  or failure to act in connection with the Plan or any
Option  awarded  hereunder.

SECTION  4.     ELIGIBILITY.
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     (A)     ELIGIBLE PERSONS.  Options may be granted at any time and from time
to  time  to  any  Employee  or  Consultant  who  shall  be  selected  by  the
Administrator.  Any  grant  of  Options  may  include or exclude any Employee or
Consultant  as  the  Administrator  shall  determine  in  its  sole  discretion.
Consultants who are not also Employees of the Company are eligible to be granted
Non-Qualified  Stock  Options  under the Plan but are not eligible to be granted
Incentive  Stock  Options  under  the  Plan.

(B)     VESTING  AND  EXERCISABILITY  OF  OPTIONS.  Any Option awarded hereunder
shall  be  exercisable  at  such times and under such conditions as shall be set
forth  in the Option Agreement (as may be determined by the Administrator and as
shall be permissible under the terms of the Plan), which may include performance
criteria  with  respect  to  the  Company  and/or  the Optionee, and as shall be
permissible  under  the  terms  of  the  Plan.

(C)     EFFECT  UPON ENGAGEMENT.  The Plan will not confer upon any Optionee any
right  with  respect  to  the  continuation of any employment, consulting or any
other  relationship  with the Company nor will it interfere in any way with such
Optionee's right or the Company's right to terminate that Optionee's employment,
consulting  or  other relationship with the Company at any time, whether with or
without  cause.

SECTION  5.     STOCK  SUBJECT  TO  THE  PLAN.
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     (A)     MAXIMUM  NUMBER  OF  SHARES.
(I)     Subject  to  the  provisions  of  Section  8  of  the  Plan, the maximum
aggregate  number  of  Shares  which  may be optioned and sold under the Plan is
15,000,000  Shares  (provided, however, that if the number of Shares exceeds the
amount  specified  by  Section  260.140.45  of  Title  10  of  the  California
Administrative  Code,  stockholder approval shall be obtained in accordance with
the  requirements  of such section).  The Shares may be authorized, but unissued
or  reacquired,  Common  Stock.

(II)     Over  the  term of the Plan, no individual Optionee may receive options
for  more  than  10,000,000  Shares.

     (B)     RETURN  OF SHARES TO THE PLAN.  If an Option expires, is terminated
or  becomes  unexercisable for any reason without having been exercised in full,
then  the  unpurchased  Shares subject thereto shall, unless the Plan shall have
been  terminated, return to the Plan and become available for future grant under
the  Plan.

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SECTION  6.     TERMS  AND  CONDITIONS  OF  OPTIONS.
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     Each  Option  granted  under  the Plan shall be authorized by the Board and
shall  be  evidenced by an Option Agreement, which shall state or incorporate by
reference  all  other  terms  and  conditions  of  the  Plan  including, without
limitation,  the  following  terms  and  conditions:

     (A)     NUMBER  OF  SHARES.  The Option Agreement shall state the number of
Shares  subject  to  the  Option.

     (B)     OPTION  EXERCISE  PRICE.

(I)     INCENTIVE STOCK OPTIONS.  The per Share exercise price for the Shares to
be  issued pursuant to the exercise of an Incentive Stock Option shall be stated
in  the  Option  Agreement  and  shall be no less than the Fair Market Value per
Share  on  the  date  such  Option is granted, without regard to any restriction
other  than a restriction that by its terms will never lapse; provided, however,
that  any  Incentive Stock Option granted under this Plan to an Employee who, at
the  time  such  Option  is  granted,  owns  more  than 10% of the current total
combined  voting power of all classes of the capital stock of the Company, shall
have  an exercise price per Share of not less than 110% of the Fair Market Value
of  the  Share  on  the  date  such  Option  is  granted.

(II)     NON-QUALIFIED  STOCK  OPTIONS.  The  per  Share  exercise price for the
Shares  to  be  issued  pursuant to the exercise of a Non-Qualified Stock Option
shall  be  stated  in  the  Option  Agreement  and  shall  be  determined by the
Administrator but shall be at least $.01 per Share; provided that in the case of
a  Non-Qualified  Stock  Option  granted to an Optionee who is a resident of the
State  of  California,  the  per Share exercise price shall not be less than 85%
(110% in the case of a Non-Qualified Stock Option granted to an Optionee who, at
the  time  such  Option  is  granted,  owns  more  than 10% of the current total
combined voting power of all classes of the capital stock of the Company) of the
Fair  Market  Value  of  the  Share  on  the  date  such  Option  is  granted.

     (C)     CONSIDERATION.  The  consideration  to be paid for the Shares to be
issued upon the exercise of an Option, including the method of payment, shall be
determined  by  the  Administrator  and  may  consist  entirely  of cash, check,
promissory  notes  or  Shares having an aggregate Fair Market Value per Share on
the  date of surrender equal to the aggregate exercise price of the Shares as to
which  said  Option  shall  be  exercised, or any combination of such methods of
payment,  or  such other consideration and method of payment permitted under any
laws  to  which  the  Company is subject and which is approved by the Board.  In
making  its  determination  as  to  the  type  of  consideration  to accept, the
Administrator  shall  consider  if  the  acceptance of such consideration may be
reasonably  expected  to  benefit  the  Company.

(I)     PROMISSORY  NOTE.  If the consideration for the exercise of an Option is
a promissory note, it shall be a full recourse note and shall bear interest at a
per  annum  rate  which  is  not  less  than  the  applicable  federal  rate

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determined  in  accordance  with  Section  1274(d) of the Code as of the date of
exercise.  In  such  an instance the Company may, in its sole discretion, retain
the  Shares  purchased  upon  exercise  of  the Option in escrow as security for
payment  of  the  promissory  note.

(II)     SHARE SURRENDER.  If the consideration for the exercise of an Option is
the surrender of previously acquired and owned Shares, Shares may be surrendered
in satisfaction of the Option price only if the Optionee certifies in writing to
the  Company that the Optionee owns a number of Other Available Shares as of the
date  the Option is exercised that is at least equal to the number of  Shares to
be  surrendered  in satisfaction of the Option price; provided further, that the
Option price may not be paid in Shares if the Administrator determines that such
method  of payment would result in liability under Section 16(b) of the Exchange
Act  to  an  Optionee.

     Except  as  otherwise  provided by the Administrator, if payment is made in
whole  or  in  part  in  Shares,  the  Optionee  shall  deliver  to  the Company
certificates registered in the name of such Optionee representing Shares legally
and  beneficially  owned  by  such  Optionee,  free  of  all  liens,  claims and
encumbrances of every kind and having an aggregate Fair Market Value on the date
of  delivery  that is not greater than the aggregate Option price accompanied by
stock  powers  duly  endorsed  in  blank  by  the  record  holder  of the Shares
represented by such certificates.  If the Administrator, in its sole discretion,
should  refuse to accept Shares in payment of the Option price, any certificates
representing Shares which were delivered to the Company shall be returned to the
Optionee  with  notice of the refusal of the Administrator to accept such Shares
in  payment  of the option price.  The Administrator may impose such limitations
and  prohibitions  on  the  use  of  Shares  to  exercise  an Option as it deems
appropriate.

     (D)     FORM  OF  OPTION.  The  Option  Agreement  shall  state whether the
Option  granted  thereunder  is  intended  to  be an Incentive Stock Option or a
Non-Qualified  Stock  Option  and  shall,  subject  to  the  terms of the Option
Agreement,  constitute  a binding determination as to the form of Option granted
thereunder.

     (E)     EXERCISE  OF  AN  OPTION.

(I)     Unless  otherwise provided by the Administrator in the Option Agreement,
the  Vested  Amount  of any Option granted hereunder shall be exercisable at the
rate  of  25% per year commencing on the first anniversary of the date of grant;
provided,  however, that in the case of Options granted to Optionees who (A) are
residents  of  the  State  of  California and (B) are not officers, directors or
consultants  of the Company, such Options shall be exercisable at the rate of at
least 20% per year over five years from the date of grant, subject to reasonable
conditions,  such  as  continued  service.

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

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(III)     An  Option  may  not  be exercised after the date of expiration of its
term  as  shall  be  set  forth  in  the  Option  Agreement.

(IV)     An Option shall be deemed to have been exercised when written notice of
such exercise has been received by the Company at its principal executive office
in  accordance  with the terms of the Option Agreement by the person entitled to
exercise  the  Option, and full payment for the Shares with respect to which the
Option  is  to  be exercised has been received by the Company, accompanied by an
executed  Stock  Purchase  and  Restriction  Agreement  and any other agreements
required  by the Administrator or the terms of the Plan and/or Option Agreement.
An  Optionee  shall have no right to vote or receive dividends and shall have no
other  rights  as  a stockholder with respect to the Shares, notwithstanding the
exercise  of  the  Option,  until  the issuance (as evidenced by the appropriate
entry  on the books of the Company or of a duly authorized transfer agent of the
Company)  of  the stock Certificate evidencing such Shares.  No adjustment shall
be  made for a dividend or other right for which the record date is prior to the
date  a  stock  Certificate  with  respect  to  the  Shares  is  issued.

(V)     As  soon  as  practicable  after  the  proper  exercise  of an Option in
accordance  with the provisions of the Plan, the Company shall, without transfer
or issue tax to the Optionee, deliver to the Optionee at the principal executive
office  of  the  Company  or  such  other place as shall be mutually agreed upon
between the Company and the Optionee, a Certificate or Certificates representing
the Shares for which the Option shall have been exercised.  The time of issuance
and  delivery of the Certificate(s) representing the Shares for which the Option
shall have been exercised may be postponed by the Company for such period as may
be  required  by  the  Company,  with  reasonable  diligence, to comply with any
applicable  listing requirements of any national or regional securities exchange
or  any law or regulation applicable to the issuance or delivery of such Shares.

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

     (F)     TERMINATION  OF  OPTIONS.

(I)     TERMINATION  IN  GENERAL.  Unless  sooner terminated as provided in this
Plan,  each  Option  shall  be  exercisable  for  the period of time as shall be
determined  by the Administrator and set forth in the Option Agreement and shall
be  void  and  unexercisable  thereafter.

(II)     TERMINATION OF RELATIONSHIP WITH THE COMPANY.  Unless sooner terminated
as  provided  in  this  Plan,  in  the  event  of  the  termination  of  an

<PAGE>
Optionee's  employment  or consulting relationship with the Company (as the case
may  be) for any reason other than the death or Disability of the Optionee, such
Optionee  may,  within  three  (3)  months  (or  such other period of time as is
determined  by  the  Administrator  and stated in the Option Agreement) from the
date  of such termination (but in no event later than the expiration date of the
term  of  such Option as set forth in the Option Agreement), exercise the Option
up  to  the  Vested Amount as of the date of termination, but only to the extent
that  the  Optionee  was  entitled  to  exercise  the Option on the date of such
termination.  To the extent the Optionee was not entitled to exercise the Option
on  the  date  of  such  termination,  or if the Optionee does not exercise such
Option  to  the  extent so entitled within the time specified herein, the Option
will  terminate.

(III)     DISABILITY  OR  DEATH.  Unless  sooner  terminated as provided in this
Plan,  in  the event of the Disability or death of an Optionee while employed or
engaged  by the Company (as the case may be), Options held by such Optionee that
are  exercisable  on  the date of Disability or death shall be exercisable up to
the  Vested  Amount  as  of  the  date of Disability or death for a period of 12
months  commencing  on  the  date  of  the  Optionee's  Disability  or death, as
applicable.  In  the  event  of  the  Optionee's Disability, such Options may be
exercisable  by  the  Optionee  or  his or her legal guardian or representative;
provided,  however,  if  such Disabled Optionee shall commence any employment or
engagement  during  such  12-month period with or by a competitor of the Company
(including,  but  not  limited  to,  full or part-time employment or independent
consulting  work),  as  determined  solely in the judgment of the Administrator,
then  all  Options  held by such Optionee that have not yet been exercised shall
terminate  immediately  upon  the  commencement  thereof.  In  the  event of the
Optionee's  death, such Options may be exercisable by the Optionee's executor(s)
or  administrator(s).

(IV)     AGREEMENT  TO  TERMINATE.  Options  may  be  terminated  at any time by
agreement  between  the  Company  and  the  Optionee.

     (G)     OTHER  PROVISIONS.
(I)     Notwithstanding any provision in this Plan or an Option Agreement to the
contrary,  no Option granted to any Optionee under this Plan shall be treated as
an  Incentive  Stock  Option  to  the  extent  that  such Option would cause the
aggregate  Fair Market Value of all Shares with respect to which Incentive Stock
Options  are exercisable by such Optionee for the first time during any calendar
year  (determined  as  of  the  date  of  grant  of  each such Option) to exceed
$100,000.  For purposes of determining whether an Incentive Stock Option granted
to  an  Optionee  would  cause  the  aggregate  Fair  Market Value to exceed the
$100,000 limitation, such Incentive Stock Options shall be taken into account in
the  order  granted.  For  purposes  of this subsection, Incentive Stock Options
granted  to  an

<PAGE>
Optionee  shall  include  all  incentive  stock  options  under all plans of the
Company  that are incentive stock option plans within the meaning of Section 422
of  the  Code.  Options  may  be exercised in any order elected by the Optionee,
whether or not the Optionee holds any unexercised Options under this Plan or any
other  plan  of  the  Company.

(II)     Notwithstanding any other provision of this Plan or an Option Agreement
to  the  contrary, no Option shall be (A) granted under this Plan after ten (10)
years  from  the  date  on  which  this  Plan  is  adopted  by the Board, or (B)
exercisable more than ten (10) years from the date of grant; provided that if an
Incentive  Stock Option shall be granted under this Plan to any Employee who, at
the time of the grant of such Option, owns stock possessing more than 10% of the
total  combined voting power for all classes of the Company's capital stock, the
foregoing clause (B) shall be deemed modified by substituting the term "five (5)
years"  for  the  term  "ten  (10)  years"  that  appears  therein.

SECTION  7.     FAIR  MARKET  VALUE  OF  COMMON  STOCK.
                --------------------------------------
     The  Fair  Market  Value of a Share, as of any date, shall be determined as
follows:

     (A)     If  the  Shares  are  listed  on  a national or regional securities
exchange  or  traded  through  NASDAQ/NMS, then the Fair Market Value of a Share
shall  be  the  closing  price  for a Share on the exchange or on NASDAQ/NMS, as
reported  in  The  Wall Street Journal or such other source as the Administrator
deems reliable on the relevant valuation date, or if there is no trading on that
date,  on  the  next  trading  date.

(B)     If  the  Shares are traded in the over-the-counter market, then the Fair
Market  Value  of  a  Share  shall be the mean of the bid and asked prices for a
Share  on  the relevant valuation date as reported in The Wall Street Journal or
other  source  the  Administrator  deems  reliable  (or,  if not so reported, as
otherwise  reported  by the National Association of Securities Dealers Automated
Quotations  ("NASDAQ") System or the NASD OTC Bulletin Board), or if there is no
trading  on  such  date,  on  the  next  trading  date.

(C)     In  the absence of an established market for the Shares, the Fair Market
Value  of  a  Share  shall  be  determined  by the Board in its sole discretion.

SECTION  8.     ADJUSTMENTS.
                -----------
     (A)     ADJUSTMENTS.  Subject to any required action by the stockholders of
the Company, the number of Shares covered by each outstanding Option, the number
of  Shares that have been authorized for issuance under the Plan but as to which
no  Options  have  yet  been granted or that have been returned to the Plan upon
cancellation  or  expiration of an Option, and the price per Share covered by an
Option will each be proportionately adjusted for any increase or decrease in the
number  of outstanding Shares resulting from stock splits, reverse stock splits,
stock dividends, reclassifications and recapitalizations or automatic conversion
of shares of one class of stock to those of another by operation of the terms of
such  stock.  Such  adjustment shall be made by the Board whose determination in
that  respect  will  be

<PAGE>
final,  binding  and  conclusive.  Except as provided herein, no issuance by the
Company of shares of stock of any class or securities convertible into shares of
stock  of  any  class,  will affect, and no adjustment by reason thereof will be
made  with  respect  to,  the  number  or  price of Shares subject to an Option.

     (B)     NO  FRACTIONAL  SHARES.  No  fractional Shares shall be issuable on
account  of  any action aforesaid, and the aggregate number of Shares into which
Shares  then  covered  by the Option, when changed as the result of such action,
shall  be  reduced  to  the  number  of whole Shares resulting from such action,
unless  the  Board,  in  its  sole  discretion,  shall  determine to issue scrip
Certificates in respect to any fractional Shares, which scrip Certificates shall
be  in  a form and have such terms and conditions as the Board in its discretion
shall  prescribe.

SECTION  9.     RIGHTS  AS  A  STOCKHOLDER.
                --------------------------
     An  Optionee shall have no rights as a stockholder of the Company and shall
not  have  the  right  to  vote nor receive dividends with respect to any Shares
subject  to  an  Option  until  such  Option  has  been  exercised  and  a stock
Certificate  with  respect  to  the  Shares  purchased upon such exercise of the
Option  has  been  issued  to  Optionee as set forth in Section 6(e)(iv) and (v)
hereof.

SECTION  10.     FORFEITURE.
                 ----------
     Notwithstanding  any  other  provision  of  this Plan, (A) if an Optionee's
employment  with  the Company is terminated by the Company pursuant to the cause
termination  provisions  of  an  applicable  employment agreement, or (B) if the
Optionee's  employment  or consulting relationship with the Company (as the case
may  be) is terminated and the Board makes a determination that the Optionee (I)
has  engaged  in  any  type  of  disloyalty  to  the  Company, including without
limitation,  fraud,  embezzlement,  theft,  or  dishonesty  in  the  course  of
Optionee's  employment  or consulting relationship, (II) has been convicted of a
felony  or other crime involving a breach of trust or fiduciary duty owed to the
Company,  (III)  has  made  an  unauthorized  disclosure  of  trade  secrets  or
confidential  information  of  the  Company,  or  (IV)  has  breached  any
confidentiality  agreement  or non-competition agreement with the Company in any
material  respect,  then,  at the election of the Board, all unexercised Options
held  by the Optionee (whether or not then exercisable) shall terminate.  In the
event  of such an election by the Board, in addition to immediate termination of
all  unexercised  Options,  the  Optionee shall forfeit all Shares for which the
Company has not yet delivered stock Certificates to the Optionee and the Company
shall  refund to the Optionee the exercise price paid to it upon exercise of the
Option  with  respect  to  such  Shares.  Notwithstanding anything herein to the
contrary,  the  Company  may withhold delivery of stock Certificates pending the
resolution  of any inquiry that could lead to a finding resulting in forfeiture.

SECTION  11.     TIME  OF  GRANTING  OPTIONS.
                 ---------------------------
     The  date  of  grant  of  an Option shall, for all purposes, be the date on
which  the  Administrator  makes  the  determination to grant the Option or such
other  date  as is determined by the Administrator.  Notice of the determination
shall  be  given  to  each  Optionee  to  whom  an Option is so granted within a
reasonable  time  after  the  date  of  such  grant.

<PAGE>
SECTION  12.     MODIFICATION,  EXTENSION,  RENEWAL  OF  OPTION.
                 ----------------------------------------------
     Subject  to  the  terms  and  conditions of the Plan, the Board may modify,
extend  or  renew an Option, or accept the surrender of an Option (to the extent
not  theretofore  exercised);  provided  that  no  Incentive Stock Option may be
modified, extended or renewed if such action would cause such Option to cease to
be  an  incentive  stock  option  within the meaning of Section 422 of the Code.

SECTION  13.     TRANSFERABILITY.
                 ---------------
     No Option may be sold, pledged, assigned, transferred or disposed of in any
manner  other  than  by will or by the laws of descent and distribution.  During
the  lifetime  of  the Optionee, his or her Options shall be exercisable only by
the  Optionee, or, in the event of his or her legal incapacity or Disability, by
the  legal  guardian  or  representative  of  the  Optionee;  provided  that the
Administrator  may,  in  its discretion, at the time of grant of a Non-Qualified
Stock  Option  or  by  amendment  of  an Option Agreement for an Incentive Stock
Option  or a Non-Qualified Stock Option, provide that Options granted to or held
by  an  Optionee  may  be  transferred,  in  whole  or  in  part, to one or more
transferees  and exercised by any such transferee; provided further that (I) any
such  transfer  is without consideration and (II) each transferee is a member of
such  Optionee's Immediate Family; and provided further that any Incentive Stock
Option  granted  pursuant  to  an  Option  Agreement  which is amended to permit
transfers  during  the lifetime of the Optionee shall, upon the effectiveness of
such  amendment,  be  treated  thereafter  as  a Non-Qualified Stock Option.  No
transfer of an Option shall be effective unless the Administrator is notified of
the  terms  and conditions of the transfer and the Administrator determines that
the  transfer  complies with the requirements for transfers of Options under the
Plan  and  the  Option  Agreement.  Any  person  to  whom  an  Option  has  been
transferred  may  exercise any Options only in accordance with the provisions of
this  Section  13  and  Section  6(f)(iii).

SECTION  14.     POWER  OF  BOARD  IF  CHANGE  OF  CONTROL.
                 -----------------------------------------
     (A)     IN  GENERAL.  Notwithstanding anything to the contrary set forth in
this  Plan, in the event of a Change of Control, the Board shall have the right,
in  its  sole discretion, to accelerate the vesting of all Options that have not
vested  as  of  the date of the Change of Control and/or to establish an earlier
date  for  the  expiration of the exercise of an Option (notwithstanding a later
expiration of exercisability set forth in an Option Agreement).  In addition, in
the event of a Change of Control of the Company, the Board shall have the right,
in  its  sole discretion, subject to and conditioned upon a Sale of the Company:
(I)  to arrange for the successor company (or other entity) to assume all of the
rights and obligations of the Company under this Plan; or (II) to terminate this
Plan and (A) to pay to all Optionees cash with respect to those Options that are
vested  as  of  the  date  of  the Sale of the Company in an amount equal to the
difference  between  the  Option  Price  and  the  Fair  Market Value of a Share
(determined  as  of the date the Plan is terminated) multiplied by the number of
Options that are vested as of the date of the Sale of the Company which are held
by the Optionee as of the date of the Sale of the Company, or (B) to arrange for
the  exchange  of  all  Options  for  options  to  purchase  common stock in the
successor  corporation,  or (C) to distribute to each Optionee other property in
an amount equal to and in the same form as the Optionee would have received from
the  successor  corporation  if  the  Optionee  had  owned the Shares subject to
Options  that  are  vested as of the date of the Sale of the Company rather than
the  Option  at  the  time  of  the  Sale  of  the Company.  The form of payment

<PAGE>
or  distribution to the Optionee pursuant to this Section shall be determined by
the  Board  in  its  sole  discretion.

     (B)     LIMITATIONS.  Notwithstanding anything in the Plan to the contrary,
in  the  event  of  a Change of Control, the Company shall not have the right to
take  any  actions  described  in the Plan that would make the Change of Control
ineligible  for pooling of interests accounting treatment or that would make the
Change  of  Control  ineligible  for desired tax treatment if, in the absence of
such  right,  the  Change  of  Control  would qualify for such treatment and the
Company  intends  to  use  such treatment with respect to the Change of Control.

SECTION  15.     FINANCIAL  INFORMATION.
                 ----------------------
     With  respect  to Optionees (including Optionees who have already exercised
their  Options)  who  are residents of the State of California, the Company will
comply  with  Section  240.140.46  of  Title 10 of the California Administrative
Code,  which  requires  the  Company  to  deliver  financial statements at least
annually  to  such  Optionees.

SECTION  16.     AMENDMENT  OR  TERMINATION  OF  THE  PLAN.
                 -----------------------------------------
     Insofar  as  permitted  by  law  and  the  Plan,  the Board may at any time
suspend,  terminate,  discontinue,  alter  or  amend  the  Plan  in  any respect
whatsoever;  provided,  however,  that  without  prior  approval  of  at least a
majority  of  the  stockholders  entitled  to  vote thereon, no such revision or
amendment  may  increase the aggregate number of Shares for which Options may be
granted  hereunder, change the designation of the class of Optionees eligible to
receive  Options  or  decrease  the  price at which Options may be granted.  Any
other  provision  of  this  Section  notwithstanding,  the Board specifically is
authorized  to  adopt  any  amendment  to  this  Plan  deemed by the Board to be
necessary  or  advisable  to  assure  that  the  Incentive  Stock Options or the
Non-Qualified  Stock  Options available under the Plan continue to be treated as
such,  respectively,  under  all  applicable  laws.

SECTION  17.     APPLICATION  OF  FUNDS.
                 ----------------------
     The  proceeds  received  by the Company from the sale of Shares pursuant to
the  exercise  of  Options  shall  be  used  for  general  corporate  purposes.

SECTION  18.     NO  OBLIGATION  TO  EXERCISE  OPTION.
                 ------------------------------------
     The  granting  of an Option shall impose no obligation upon the Optionee to
exercise  such  Option.

SECTION  19.     APPROVAL  OF  STOCKHOLDERS.
                 --------------------------
     This  Plan  shall  become  effective  on the date that it is adopted by the
Board; provided that (a) it shall become limited to a non-qualified stock option
plan  if  it  is not approved by the stockholders of a majority of the Company's
outstanding voting stock within one year (365 days) of its adoption by the Board
and  (b)  any  Option exercised by an Optionee who is a resident of the State of
California  shall  be  rescinded  if  stockholder  approval  of  the Plan is not
obtained  with  one  year  of  its  adoption  by the Board.  The Board may grant
Options  hereunder  prior  to

<PAGE>
approval  of  the  Plan, or any material amendments thereto, by the holders of a
majority  of  the  Company's outstanding voting stock; provided that any and all
Options  so  granted  shall be converted into non-qualified stock options if the
Plan,  or  a material amendment, is not approved by such stockholders within 365
days  of  its  adoption  or  material  amendment.

SECTION  20.     CONDITIONS  UPON  ISSUANCE  OF  SHARES.
                 --------------------------------------
     (A)     Options  granted  under  the  Plan are conditioned upon the Company
obtaining  any  required permit or order from appropriate governmental agencies,
authorizing  the  Company  to  issue  such  Options and Shares issuable upon the
exercise  thereof.

(B)     Shares  shall not be issued pursuant to the exercise of an Option unless
the  exercise  of  such  Option  and  the  issuance  and delivery of such Shares
pursuant  thereto  shall  comply with all relevant provisions of law, including,
without  limitation,  the  Securities  Act,  the  Exchange  Act,  the  rules and
regulations  promulgated  thereunder, and the requirements of any stock exchange
upon  which  the  Shares may then be listed, and shall be further subject to the
approval  of  counsel  for  the  Company  with  respect  to  such  compliance.

(C)     As  a  condition to the exercise of an Option, the Board may require the
person  exercising  such Option to execute an agreement with, and/or may require
the person exercising such Option to make any representation and/or warranty to,
the Company as may be, in the judgment of counsel to the Company, required under
applicable law or regulation, including but not limited to, a representation and
warranty that the Shares are being purchased only for investment and without any
present  intention  to  sell  or  distribute  such  Shares if, in the opinion of
counsel for the Company, such a representation and warranty is appropriate under
any  of  the  aforementioned  relevant  provisions  of  law.

SECTION  21.     RESERVATION  OF  SHARES.
                 -----------------------
     (A)     The  Company,  during  the  term  of  this Plan, shall at all times
reserve  and  keep  available  such  number  of Shares as shall be sufficient to
satisfy  the  requirements  of  the  Plan.

(B)     The Company, during the term of this Plan, shall use its best efforts to
seek  to obtain from appropriate regulatory agencies any requisite authorization
in  order  to  issue  and  sell  such number of Shares as shall be sufficient to
satisfy  the  requirements  of the Plan.  The inability of the Company to obtain
from  any  such  regulatory  agency  having  jurisdiction  the  requisite
authorization(s)  deemed by the Company's counsel to be necessary for the lawful
issuance  and  sale  of any Shares hereunder, or the inability of the Company to
confirm  to  its satisfaction that any issuance and sale of any Shares hereunder
will  meet  applicable  legal  requirements,  shall  relieve  the Company of any
liability  in  respect  to  the failure to issue or sell such Shares as to which
such  requisite  authority  shall  not  have  been  obtained.

SECTION  22.     OTHER  AGREEMENTS.
                 -----------------
     Options  shall be evidenced by an Option Agreement in such form or forms as
the  Board  (subject  to the terms and conditions of this Plan) may from time to
time  approve,  which  Option Agreement shall evidence and reflect the terms and
conditions  of  an Option as set forth in Section 6 hereof.  Upon exercise of an
Option,  the  Optionee  may  be  required  to  execute  and

<PAGE>
deliver  to  the Company a Stock Purchase and Restriction Agreement in such form
or  forms  as the Board shall approve from time to time.  The Administrator may,
from  time  to time, require such other agreements in connection with the Option
as  it,  in  its sole discretion, deems advisable.  The Option Agreement and the
Stock Purchase and Restriction Agreement and any other agreement required by the
Plan or the Option Agreement, as determined by the Board, may contain such other
provisions  as  the  Board  in  its  discretion deems advisable and that are not
inconsistent  with  the  provisions of this Plan, including, without limitation,
restrictions  upon  or  conditions  precedent  to  the  exercise  of the Option.

SECTION  23.     TAXES,  FEES,  EXPENSES  AND  WITHHOLDING.
                 -----------------------------------------

     (A)     The  Company  shall  pay all original issue and transfer taxes (but
not  income  taxes,  if  any)  with respect to the grant of an Option and/or the
issue  and  transfer  of  Shares pursuant to the exercise thereof, and all other
fees  and  expenses necessarily incurred by the Company in connection therewith,
and  will,  from  time to time, use its best efforts to comply with all laws and
regulations that, in the opinion of counsel for the Company, shall be applicable
thereto.

(B)     The granting of Options hereunder and the issuance of Shares pursuant to
the  exercise thereof is conditioned upon the Company's reservation of the right
to  withhold  in  accordance  with  any applicable law, from any compensation or
other  amounts  payable to the Optionee, any taxes required to be withheld under
federal,  state or local law as a result of the grant or exercise of such Option
or  the  sale  of  the  Shares issued upon exercise thereof.  To the extent that
compensation  or  other amounts, if any, payable to the Optionee is insufficient
to  pay  any  taxes  required  to  be  so withheld, the Company may, in its sole
discretion,  require  the  Optionee  (or  such  other  person entitled herein to
exercise  the  Option),  as  a condition to the exercise of an Option, to pay in
cash  to  the  Company  an  amount  sufficient  to  cover  such tax liability or
otherwise  to  make  adequate  provision  for  the Company's satisfaction of its
withholding  obligations  under  federal,  state  and  local  law.

SECTION  24.     NOTICES.
                 -------
     Any  notice  to  be given to the Company pursuant to the provisions of this
Plan  shall  be addressed to the Company in care of its Secretary (or such other
person  as  the  Company  may  designate  from  time  to  time) at its principal
executive  office,  and any notice to be given to an Optionee shall be delivered
personally  or  addressed  to  the  Optionee  at  the  address given beneath the
signature  of  the  Optionee  on  his  or her Option Agreement, or at such other
address  as  such Optionee or his or her permitted transferee (upon the transfer
of  the  Shares)  may  hereafter  designate in writing to the Company.  Any such
notice shall be deemed duly given when enclosed in a properly sealed envelope or
wrapper  addressed as aforesaid, registered or certified, and deposited, postage
and  registry  or  certification  fee  prepaid,  in a post office or branch post
office  regularly  maintained  by the United States Postal Service.  It shall be
the  obligation  of  each  Optionee and each permitted transferee holding Shares
purchased upon exercise of an Option to provide the Secretary of the Company, by
letter  mailed  as  provided  herein,  with  written notice of his or her direct
mailing  address.

<PAGE>
SECTION  25.     NO  ENLARGEMENT  OF  EMPLOYEE  RIGHTS.
                 -------------------------------------
     This  Plan  is  purely  voluntary  on  the  part  of  the  Company, and the
continuance of the Plan shall not be deemed to constitute a contract between the
Company  and  any  Employee  or  Consultant,  or  to  be  consideration for or a
condition of the employment or service of any Employee or Consultant as the case
may  be.  Nothing contained in this Plan shall be deemed to give any Employee or
Consultant  the right to be retained in the employ or service of the Company, or
to  interfere  with the right of the Company to discharge or retire any Employee
or  Consultant  thereof  at  any time.  No Employee or Consultant shall have any
right  to or interest in Options authorized hereunder prior to the grant thereof
to  such  Employee  or  Consultant, and upon such grant such Employee shall have
only  such  rights  and  interests  as  are  expressly provided herein, subject,
however,  to  all  applicable  provisions  of  the  Company's  Certificate  of
Incorporation,  as  the  same  may  be  amended  from  time  to  time.

SECTION  26.     INFORMATION  TO  OPTIONEES.
                 --------------------------
     The  Company,  upon  request, shall provide without charge to each Optionee
copies of such annual and periodic reports as are provided by the Company to its
stockholders  generally.

SECTION  27.     AVAILABILITY  OF  PLAN.
                 ----------------------
     A  copy of this Plan shall be delivered to the Secretary of the Company and
shall  be  shown to any eligible person making reasonable inquiry concerning it.

SECTION  28.     INVALID  PROVISIONS.
                 -------------------
     In  the  event  that  any  provision of this Plan is found to be invalid or
otherwise  unenforceable  under  any  applicable  law,  such  invalidity  or
unenforceability  shall  not  be  construed  as  rendering  any other provisions
contained  herein  as  invalid  or  unenforceable, and all such other provisions
shall be given full force and effect to the same extent as though the invalid or
unenforceable  provision  was  not  contained  herein.

SECTION  29.     APPLICABLE  LAW.
                 ---------------
     This Plan shall be governed by and construed in accordance with the laws of
the  State  of  Delaware  without  regard  to  any  conflicts  of  laws.

SECTION  30.     BOARD  ACTION.
                 -------------
     Notwithstanding  anything  to  the contrary set forth in this Plan, any and
all  actions  of  the  Board or Committee, as the case may be, taken under or in
connection  with  this  Plan  and  any  agreements,  instruments,  documents,
Certificates  or  other  writings entered into, executed, granted, issued and/or
delivered  pursuant  to the terms hereof, shall be subject to and limited by any
and  all  votes, consents, approvals, waivers or other actions of all or certain
stockholders  of  the  Company  or  other  persons  required pursuant to (a) the
Company's  Certificate  of  Incorporation  (as  the  same  may be amended and/or
restated  from  time  to  time),  (b)  the  Company's Bylaws (as the same may be
amended  and/or  restated  from  time  to  time),  and  (c) any other agreement,
instrument,  document  or  writing  now  or  hereafter  existing,  between  or

<PAGE>
among  the  Company  and  its  stockholders or other persons (as the same may be
amended  from  time  to  time).

SECTION  31.     MISCELLANEOUS.
                 -------------
     This  Plan  is  intended to comply with the conditions and requirements for
employee  benefit plans under Rule 16b-3, as promulgated under Section 16 of the
Exchange  Act  such  that  Options granted pursuant to the Plan will be exempted
from  the provisions of Section 16(b) thereof.  To the extent that any provision
of  the Plan would cause a conflict with such requirements, such provision shall
be deemed null and void to the extent permitted by applicable law.  This Section
shall  not  be applicable if no class of the Company's equity securities is then
registered  pursuant  to  Section  12  of  the  Exchange  Act.<PAGE>

                                                                 EXHIBIT 4(C)(1)

                     EMPLOYMENT AGREEMENT - COLIN K. BENNER

   DOCUMENT PREVIOUSLY FILED AS AN EXHIBIT TO BREAKWATER RESOURCES LTD. ANNUAL
  REPORT ON FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2000, AS EXHIBIT 4(C)(1)

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