Document:

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                                                                    Exhibit 4.1

                               MBC HOLDING COMPANY
                             1993 STOCK OPTION PLAN

                                TABLE OF CONTENTS

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SECTION 1.                 General Purpose of Plan; Definitions...................................................1

SECTION 2.                 Administration.........................................................................3

SECTION 3.                 Stock Subject to Plan..................................................................4

SECTION 4.                 Eligibility............................................................................4

SECTION 5.                 Stock Options..........................................................................5

SECTION 6.                 Transfer, Leave of Absence, Etc........................................................9

SECTION 7.                 Amendments and Termination.............................................................9

SECTION 8.                 Unfunded Status of Plan...............................................................10

SECTION 9.                 General Provisions....................................................................10

SECTION 10.                Effective Date of Plan................................................................11

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                               MBC HOLDING COMPANY
                             1993 STOCK OPTION PLAN

SECTION 1.         GENERAL PURPOSE OF PLAN; DEFINITIONS.

         The name of this plan is the MBC Holding Company 1993 Stock Option Plan
(the "Plan"). The purpose of the Plan is to enable MBC Holding Company (the
"Company") and its Subsidiaries to retain and attract executives, other key
employees of the Company and its Subsidiaries, and consultants and other persons
having a contractual relationship with the Company or its Subsidiaries, who
contribute to the Company's success by their ability, ingenuity and industry,
and to enable such individuals to participate in the long-term success and
growth of the Company by giving them a proprietary interest in the Company.

         For purposes of the Plan, the following terms shall be defined as set
forth below:

         (a)      "BOARD" means the Board of Directors of the Company.

         (b)      "CAUSE" means a felony conviction of a participant or the
                  failure of a participant to contest prosecution for a felony,
                  or a participant's willful misconduct or dishonesty, any of
                  which is directly and materially harmful to the business or
                  reputation of the Company.

         (c)      "CODE" means the Internal Revenue Code of 1986, as amended.

         (d)      "COMMITTEE" means the Committee referred to in Section 2 of
                  the Plan. If at any time no Committee shall be in office, then
                  the functions of the Committee specified in the Plan shall be
                  exercised by the Board, unless the Plan specifically states
                  otherwise.

         (e)      "COMPANY" means MBC Holding Company, a corporation organized
                  under the laws of the State of Minnesota (or any successor
                  corporation).

         (f)      "CONSULTANT" means any person, including an advisor, engaged
                  by the Company or a Parent Corporation or Subsidiary of the
                  Company to render services, who is compensated for such
                  services and who is not an employee of the Company or any
                  Parent Corporation or Subsidiary of the Company. A
                  Non-Employee Director may serve as a Consultant.

         (g)      "DISABILITY" means permanent and total disability as
                  determined by the Committee.

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         (h)      "FAIR MARKET VALUE" means the value of Stock on any given date
                  which shall be determined by the Committee as follows: (a) if
                  the Stock is listed for trading on one of more national
                  securities exchanges, or is traded on the Nasdaq Stock Market
                  or the Nasdaq Small Cap Market, the last reported sales price
                  on the principal such exchange, the Nasdaq Stock Market or the
                  Nasdaq Small Cap Market on the date in question, or if such
                  Stock shall not have been traded on such principal exchange on
                  such date, the last reported sales price on such principal
                  exchange, the Nasdaq Stock Market or the Nasdaq Small Cap
                  Market, on the first day prior thereto on which such Stock was
                  so traded; or (b) if the Stock is not listed for trading on a
                  national securities exchange, the Nasdaq Stock Market or the
                  Nasdaq Small Cap Market, but is traded in the over-the-counter
                  market, the closing bid price for such Stock on the day prior
                  to the date in question, or if there is no closing bid price
                  for such Stock on such day, the closing bid price on the first
                  day prior thereto on which such price existed; or (c) if
                  neither (a) nor (b) is applicable, by any means fair and
                  reasonable by the Committee, which determination shall be
                  final and binding on all parties.

         (i)      "INCENTIVE STOCK OPTION" means any Stock Option intended to be
                  and designated as an "Incentive Stock Option" within the
                  meaning of Section 422 of the Code.

         (j)      "NON-QUALIFIED STOCK OPTION" means any Stock Option that is
                  not an Incentive Stock Option, and is intended to be and is
                  designated as a "Non-Qualified Stock Option."

         (k)      "OUTSIDE DIRECTOR" means a Director who: (a) is not a current
                  employee of the Company or any member of an affiliated group
                  which includes the Company; (b) is not a former employee of
                  the Company who receives compensation for prior services
                  (other than benefits under a tax-qualified retirement plan)
                  during the taxable year; (c) has not been an officer of the
                  Company; (d) does not receive remuneration from the Company,
                  either directly or indirectly, in any capacity other than as a
                  director, except as otherwise permitted under Code Section
                  162(m) and regulations thereunder. For this purpose,
                  remuneration includes any payment in exchange for goods or
                  services. This definition shall be further governed by the
                  provisions of Code Section 162(m) and regulations promulgated
                  thereunder.

         (l)      "NON-EMPLOYEE DIRECTOR" shall have the meaning set forth in
                  Rule 16b-3(b)(3) as promulgated by the Securities and Exchange
                  Commission under the Securities Exchange Act of 1934, or any
                  successor definition adopted by the Commission.

         (m)      "PARENT CORPORATION" means any corporation (other than the
                  Company) in an unbroken chain of corporations ending with the
                  Company if each of the corporations (other than the Company)
                  owns stock possessing 50% or more of the

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                  total combined voting power of all classes of stock in one of
                  the other corporations in the chain.

         (n)      "RETIREMENT" means retirement from active employment with the
                  Company and any Subsidiary or Parent Corporation of the
                  Company on or after age 55.

         (n)      "STOCK" means the Common Stock, $.01 par value per share, of
                  the Company.

         (o)      "STOCK OPTION" means any option to purchase shares of Stock
                  granted pursuant to Section 5 below.

         (p)      "SUBSIDIARY" means any corporation (other than the Company) in
                  an unbroken chain of corporations beginning with the Company
                  if each of the corporations (other than the last corporation
                  in the unbroken chain) owns stock possessing 50% or more of
                  the total combined voting power of all classes of stock in one
                  of the other corporations in the chain.

         SECTION 2. ADMINISTRATION.

         The Plan shall be administered by the Board of Directors or by a
Committee appointed by the Board of Directors of the Company consisting of at
least two Directors, each of whom shall be Non-Employee Directors and Outside
Directors, who shall serve at the pleasure of the Board.

         The Committee shall have the power and authority to grant Stock Options
to eligible individuals pursuant to the terms of the Plan.

         In particular, the Committee shall have the authority:

         (i)      to select the officers, other key employees of the Company and
                  its Subsidiaries, and consultants and other persons having a
                  contractual relationship with the Company or its Subsidiaries,
                  to whom Stock Options, may from time to time be granted
                  hereunder;

         (ii)     to determine whether and to what extent Incentive Stock
                  Options, Non-Qualified Stock Options, or a combination of the
                  foregoing, are to be granted hereunder;

         (iii)    to determine the number of shares to be covered by each such
                  Stock Option granted hereunder; and

         (iv)     to determine the terms and conditions, not inconsistent with
                  the terms of the Plan, of any Stock Option granted hereunder
                  (including, but not limited to, any restriction on any Stock
                  Option and/or the shares of Stock relating thereto).

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         The Committee shall have the authority to adopt, alter and repeal such
administrative rules, guidelines and practices governing the Plan as it shall,
from time to time, deem advisable; to interpret the terms and provisions of the
Plan and any Stock Option granted under the Plan (and any agreements relating
thereto); and to otherwise supervise the administration of the Plan. The
Committee may delegate to officers of the Company the authority to exercise the
powers specified in (i), (ii), (iii) and (iv) above with respect to persons who
are not either the chief executive officer of the Company or the four highest
paid officers of the Company other than the chief executive officer.

         All decisions made by the Committee pursuant to the provisions of the
Plan shall be final and binding on all persons, including the Company and Plan
participants.

         SECTION 3. STOCK SUBJECT TO PLAN.

         The total number of shares of Stock reserved and available for
distribution under the Plan shall be 650,000. Such shares may consist, in whole
or in part, of authorized and unissued shares. If any shares that have been
optioned cease to be subject to Stock Options, such shares shall again be
available for distribution in connection with future grants of Stock Options
under the Plan. Upon a Stock-for-Stock exercise of a Stock Option or upon the
withholding of Stock for the payment of the option price or taxes, only the net
number of shares issued to the optionee shall be used to calculate the number of
shares remaining available for distribution under the Plan.

         In the event of any merger, reorganization, consolidation,
recapitalization, stock dividend, other change in corporate structure affecting
the Stock, or spin-off or other distribution of assets to shareholders, such
substitution or adjustment shall be made in the aggregate number of shares
reserved for issuance under the Plan and in the number and option price of
shares subject to outstanding options granted under the Plan as may be
determined to be appropriate by the Committee, in its sole discretion, provided
that the number of shares subject to any grant shall always be a whole number.

         SECTION 4. ELIGIBILITY.

         Directors, officers, other key employees of the Company and
Subsidiaries, and consultants and other persons having a contractual
relationship with the Company or its Subsidiaries, who are responsible for or
contribute to the management, growth and/or profitability of the business of the
Company and its Subsidiaries are eligible to be granted Stock Options under the
Plan. The optionees under the Plan shall be selected from time to time by the
Committee, in its sole discretion, from among those eligible, and the Committee
shall determine, in its sole discretion, the number of shares covered by each
grant.

         Notwithstanding the foregoing, no person shall receive grants of Stock
Options under this Plan which exceed 100,000 shares during any fiscal year of
the Company.

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         SECTION 5. STOCK OPTIONS.

         Any Stock Option granted under the Plan shall be in such form as the
Committee may from time to time approve.

         The Stock Options granted under the Plan may be of two types: (i)
Incentive Stock Options and (ii) Non-Qualified Stock Options. No Incentive Stock
Options shall be granted under the Plan after March 10, 2010.

         The Committee shall have the authority to grant to any optionee
Incentive Stock Options, Non-Qualified Stock Options, or both types of options.
To the extent that any option does not quality as an Incentive Stock Option, it
shall constitute a separate Non-Qualified Stock Option.

         Anything in the Plan to the contrary notwithstanding, no term of this
Plan relating to Incentive Stock Options shall be interpreted, amended or
altered, nor shall any discretion or authority granted under the Plan be so
exercised, so as to disqualify either the Plan or any Incentive Stock Option
under Section 422 of the Code. The preceding sentence shall not preclude any
modification or amendment to an outstanding Incentive Stock Option, whether or
not such modification or amendment results in disqualification of such Stock
Option as an Incentive Stock Option, provided the optionee consents in writing
to the modification or amendment.

         Stock Options granted under the Plan shall be subject to the following
terms and conditions and shall contain such additional terms and conditions, not
inconsistent with the terms of the Plan, as the Committee shall deem desirable.

         (a)      OPTION PRICE. The option price per share of Stock purchasable
                  under a Stock Option shall be determined by the Committee at
                  the time of grant and may, except as provided in this
                  paragraph, be less than the Fair Market Value of the Stock on
                  the date the Stock Option is granted. In the event that the
                  Committee does not determine the exercise price per share of
                  Stock purchasable under a Stock Option, the exercise price
                  shall be the Fair Market Value of the Stock on the date the
                  Stock Option is granted except as otherwise required in this
                  paragraph. In no event shall the Stock Option price per share
                  of Stock purchasable under an Incentive Stock Option or a
                  Non-Qualified Stock Option be less than 100% or 50%,
                  respectively, of the Fair Market Value of the Stock on the
                  date the Stock Option is granted. If an employee owns or is
                  deemed to own (by reason of the attribution rules applicable
                  under Section 424(d) of the Code) more than 10% of the
                  combined voting power of all classes of stock of the Company
                  or any Parent Corporation or Subsidiary, and an Incentive
                  Stock Option is granted to such employee, the exercise price
                  shall be no less than 110% of the Fair Market Value of the
                  Stock on the date the Stock Option is granted.

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         (b)      OPTION TERM. The term of each Stock Option shall be fixed by
                  the Committee, but no Incentive Stock Option shall be
                  exercisable more than ten years after the date the Stock
                  Option is granted. In the event that the Committee does not
                  fix the term of a Stock Option, the term shall be ten years
                  from the date the Stock Option is granted. Notwithstanding the
                  foregoing, if an employee owns or is deemed to own (by reason
                  of the attribution rules of Section 424(d) of the Code) more
                  than 10% of the combined voting power of all classes of stock
                  of the Company of any Parent Corporation or Subsidiary and an
                  Incentive Stock Option is granted to such employee, the term
                  of such Stock Option shall be no more than five years from the
                  date of grant.

         (c)      EXERCISABILITY. Stock Options shall be exercisable at such
                  time or times as determined by the Committee at or after
                  grant. In the event that the Committee does not determine the
                  time at which a Stock Option shall be exercisable, such Stock
                  Option shall be exercisable one years after the date of grant.
                  If the Committee provides, in its discretion, that any Stock
                  Option is exercisable only in installments, the Committee may
                  waive such installment exercise provisions at any time.
                  Notwithstanding the foregoing, unless the Stock Option
                  Agreement provides otherwise, any Stock Option granted under
                  this Plan shall be exercisable in full, without regard to any
                  installment exercise provisions, for a period specified by the
                  Company, but not to exceed sixty (60) days, prior to the
                  occurrence of any of the following events: (i) dissolution or
                  liquidation of the Company other than in Conjunction with a
                  bankruptcy of the Company or any similar occurrence, (ii) any
                  merger, consolidation, acquisition, separation,
                  reorganization, or similar occurrence, where the Company will
                  not be the surviving entity, (iii) the transfer of
                  substantially all of the assets of the Company or the
                  acquisition of beneficial ownership of more than 50% of any
                  class of equity security of the Company or its Subsidiaries.

         (d)      METHOD OF EXERCISE. Stock Options may be exercised in whole or
                  in part at any time during the option period by giving written
                  notice of exercise to the Company specifying the number of
                  shares to he purchased. Such notice shall be accompanied by
                  payment in full of the purchase price, either by certified or
                  bank check, or by any other form of legal consideration deemed
                  sufficient by the Committee and consistent with the Plan's
                  purpose and applicable law, including promissory notes or a
                  properly executed exercise notice together with irrevocable
                  instructions to a broker acceptable to the Company to promptly
                  deliver to the Company the amount of sale or loan proceeds to
                  pay the exercise price. As determined by the Committee, in its
                  sole discretion, payment in full or in part may also be made
                  in the form of Stock already owned by the optionee, provided,
                  however, that, in the case of an Incentive Stock Option, the
                  right to make a payment in the form of already owned shares
                  may be authorized only at the time the option is granted.

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                  Any already owned shares that were originally issued upon
                  exercise of an option and are to be transferred to the Company
                  as payment for Stock Options must have been held by the
                  optionee for at least six months. No shares of Stock shall be
                  issued until full payment therefor has been made. An optionee
                  shall generally have the rights to dividends and other rights
                  of a shareholder with respect to shares subject to the option
                  when the optionee has given written notice of exercise, has
                  paid in full for such shares, and, if requested, has given the
                  representation described in paragraph (a) of Section 9.

         (e)      NON-TRANSFERABILITY OF OPTIONS.

                  (i) Subject to Section 5(e)(ii) below, no Stock Option shall
         be transferable by the optionee otherwise than by will or by the laws
         of descent and distribution, and all Stock Options shall be
         exercisable, during the optionee's lifetime, only by the optionee.

                  (ii) The Committee may, in its discretion, authorize all or a
         portion of the options to be granted to an optionee to be on terms
         which permit transfer by such optionee to (A) the spouse, children or
         grandchildren of the optionees ("Immediate Family Members"), (B) a
         trust or trusts for the exclusive benefit of such Immediate Family
         Members, or (C) a partnership or partnerships in which such Immediate
         Family Members are the only partners, provided that (1) there may be no
         consideration for any such transfer, (2) the stock option agreement
         pursuant to which such options are granted must be approved by the
         Committee, and must expressly provide for transferability in a manner
         consistent with this Section 5(e)(ii), and (3) subsequent transfers of
         transferred options shall be prohibited except those in accordance with
         Section 5(e)(i). Following transfer, any such options shall continue to
         be subject to the same terms and conditions as were applicable
         immediately prior to transfer, provided that the term "optionee" herein
         shall in such event be deemed to refer to the transferee, except that
         the events of termination of employment of Sections 5(f), 5(g), 5(h)
         and 5(i) hereof shall continue to be applied with respect to the
         original optionee, following which the options shall be exercisable by
         the transferee only to the extent, and for the periods specified in
         such Sections.

         (f)      TERMINATION BY DEATH. If an optionee's employment by the
                  Company and any Subsidiary or Parent Corporation terminates by
                  reason of death, the Stock Option may thereafter be
                  immediately exercised, to the extent then exercisable (or on
                  such accelerated basis as the Committee shall determine at or
                  after grant), by the legal representative of the estate or by
                  the legatee of the optionee under the will of the optionee,
                  for a period of three years (or such shorter period as the
                  Committee shall specify at grant) from the date of such death
                  or until the expiration of the stated term of the option,
                  whichever period is shorter.

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         (g)      TERMINATION BY REASON OF DISABILITY. If an optionee's
                  employment by the Company and any Subsidiary or Parent
                  Corporation terminates by reason of Disability, any Stock
                  Option held by such optionee may thereafter be exercised, to
                  the extent it was exercisable at the time of termination due
                  to Disability (or on such accelerated basis as the Committee
                  shall determine at or after grant), but may not be exercised
                  after three years (or such shorter period as the Committee
                  shall specify at grant) from the date of such termination of
                  employment or the expiration of the stated term of the option,
                  whichever period is shorter. In the event of termination of
                  employment by reason of Disability, if an Incentive Stock
                  Option is exercised after the expiration of the exercise
                  periods that apply for purposes of Section 422 of the Code,
                  the option will thereafter be treated as a Non-Qualified Stock
                  Option.

         (h)      TERMINATION BY REASON OF RETIREMENT. If an optionee's
                  employment by the Company and any Subsidiary or Parent
                  Corporation terminates by reason of Retirement, any Stock
                  Option held by such optionee may thereafter be exercised to
                  the extent it was exercisable at the time of such Retirement,
                  but may not be exercised after three years (or such shorter
                  period as Committee shall specify at grant) from the date of
                  such termination of employment or the expiration of the stated
                  term of the option, whichever period is the shorter. In the
                  event of termination of employment by reason of Retirement, if
                  an Incentive Stock Option is exercised after the expiration of
                  the exercise periods that apply for purposes of Section 422 of
                  the Code, the option will thereafter be treated as a
                  Non-Qualified Stock Option.

         (i)      TERMINATION FOR CAUSE. Unless otherwise determined by the
                  Committee, if an optionee's employment by the Company and any
                  Subsidiary or Parent Corporation terminates for Cause, any
                  Stock Option held by the optionee shall thereupon terminate.

         (j)      OTHER TERMINATION. If an optionee's employment by the Company
                  and any Subsidiary or Parent Corporation terminates for any
                  reason other than Death or Disability, and other than for
                  cause, any Stock Option held by such optionee may thereafter
                  be exercised to the extent it was exercisable at the time of
                  such termination, but may not be exercised after three years
                  (or such shorter period as Committee shall specify at grant)
                  from the date of such termination of employment or the
                  expiration of the stated term of the option, whichever period
                  is shorter. In the event of such termination of employment, if
                  an Incentive Stock Option is exercised after the expiration of
                  the exercise periods that apply for purposes of Section 422 of
                  the Code, the option will thereafter be treated as a
                  Non-Qualified Stock Option.

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         (k)      ANNUAL LIMIT ON INCENTIVE STOCK OPTIONS. The aggregate Fair
                  Market Value (determined as of the time the Stock Option is
                  granted) of the Common Stock with respect to which an
                  Incentive Stock Option under this Plan or any other plan of
                  the Company and any Subsidiary or Parent Corporation is
                  exercisable for the first time by an optionee during any
                  calendar year shall not exceed $100,000.

         (l)      NON-EMPLOYEE DIRECTORS. Each person serving as a Non-Employee
                  Director of the Company as of February 10, 1998 shall be
                  granted an Option to purchase 15,000 shares of stock at an
                  option price per share equal to 100% of Fair Market Value of a
                  share of Stock on such date. All such Options shall be
                  designated as Non-Qualified Options and shall be subject to
                  the same terms and provisions as are then in effect with
                  respect to the granting of Non-Qualified Options to officers
                  and by employees of the Company, except that (i) the term of
                  such Option shall be five years, which term shall expire after
                  one year upon the termination of service as a director, (ii)
                  the Option shall vest in three installments of 5,000 shares
                  beginning on the date of the 1998 Annual Meeting, with each
                  additional installment vesting on the subsequent annual
                  meeting. Subject to the foregoing, all provisions of this Plan
                  not inconsistent with the foregoing shall apply to Options
                  granted to Non-Employee Directors.

SECTION 6.        TRANSFER, LEAVE OF ABSENCE, ETC.

         For purposes of the Plan, the following events shall not be deemed a
termination of employment:

         (a)      a transfer of an employee from the Company to a Parent
                  Corporation or Subsidiary, or from a Parent Corporation or
                  Subsidiary to the Company, or from one Subsidiary to another;

         (b)      a leave of absence, approved in writing by the Committee, for
                  military service or sickness, or for any other purpose
                  approved by the Company if the period of such leave does not
                  exceed ninety (90) days (or such longer period as the
                  Committee may approve, in its sole discretion); and

         (c)      a leave of absence in excess of ninety (90) days, approved in
                  writing by the Committee, but only if the employee's right to
                  reemployment is guaranteed either by a statute or by contract,
                  and provided that, in the case of any leave of absence, the
                  employee returns to work within 30 days after the end of such
                  leave.

         SECTION 7. AMENDMENTS AND TERMINATION.

         The Board may amend, alter, or discontinue the Plan, but no amendment,
alteration, or discontinuation shall be made (i) which would impair the rights
of an optionee under a Stock

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Option theretofore granted, without the optionee's consent, or (ii) which,
without the approval of the stockholders of the Company, would cause the Plan to
no longer comply with Rule 16b-3 under the Securities Exchange Act of 1934,
Section 422 of the Code, or any other regulatory requirements.

         The Committee may amend the terms of any Stock Option theretofore
granted, prospectively or retroactively, but, Subject to Section 3 above, no
such amendment shall impair the rights of any holder without his consent. The
Committee may also substitute new Stock Options for previously granted stock
options, including previously granted stock options having higher exercise
prices.

         SECTION 8. UNFUNDED STATUS OF PLAN.

         The Plan is intended to Constitute an "unfunded" plan for incentive and
deferred compensation. With respect to any payments not yet made to an optionee
by the Company, nothing contained herein shall give any such participant or
optionee any rights that are greater than those of a general creditor of the
Company. At its sole discretion, the Committee may authorize the creation of
trusts or other arrangements to meet the obligations created under the Plan to
deliver Stock, provided, however, that the existence of such trusts or other
arrangements is consistent with the unfunded status of the Plan.

         SECTION 9. GENERAL PROVISIONS.

         (a)      The Committee may require each person purchasing shares
                  pursuant to a Stock Option under the Plan to represent to and
                  agree with the Company in writing that the optionee is
                  acquiring the shares without a view to distribution thereof.
                  The certificates for Such shares may include any legend which
                  the Committee deems appropriate to reflect any restrictions on
                  transfer.

                  All certificates for shares of Stock delivered under the Plan
                  pursuant to any Options shall be subject to such
                  stock-transfer orders and other restrictions as the Committee
                  may deem advisable under the rules, regulations, and other
                  requirements of the Securities and Exchange Commission, any
                  stock exchange upon which the Stock is then listed, and any
                  applicable federal or state securities laws, and the Committee
                  may cause a legend or legends to be put on any such
                  certificates to make appropriate reference to such
                  restrictions.

         (b)      Nothing contained in this Plan shall prevent the Board of
                  Directors from adopting other or additional compensation
                  arrangements, subject to stockholder approval if such approval
                  is required; and such arrangements may be either generally
                  applicable or applicable only in specific cases. The adoption
                  of the Plan shall not confer upon any employee of the Company
                  or any Subsidiary any right to continued employment with the
                  Company or a Subsidiary, as the case may be, nor

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                  shall it interfere in any way with the right of the Company or
                  a Subsidiary to terminate the employment of any of its
                  employees at any time.

         (c)      Each optionee shall, no later than the date as of which any
                  part of the value of a Stock Option first becomes includable
                  as compensation in the gross income of the optionee for
                  federal income tax purposes, pay to the Company, or make
                  arrangements satisfactory to the Committee regarding payment
                  of, any federal, state, or local taxes of any kind required by
                  law to be withheld with respect to the Stock Option. The
                  obligations of the Company under the Plan shall be conditional
                  on such payment or arrangements and the Company and
                  Subsidiaries shall, to the extent permitted by law, have the
                  right to deduct any such taxes from any payment of any kind
                  otherwise due to the optionee. With respect to any Stock
                  Option granted under the Plan, if the terms of such Option so
                  permit, an optionee may elect by written notice to the Company
                  to satisfy part or all of the withholding tax requirements
                  associated with the Stock Option by (i) authorizing the
                  Company to retain from the number of shares of Stock that
                  would otherwise be deliverable to the optionee, or (ii)
                  delivering to the Company from shares of Stock already owned
                  by the optionee, that number of shares having an aggregate
                  Fair Market Value equal to part or all of the tax payable by
                  the optionee under this Section. Any such election shall be in
                  accordance with, and subject to, applicable tax and securities
                  laws, regulations and rulings and, in the event that shares
                  are withheld, the amount withheld may not exceed the minimum
                  required federal, state and FICA withholding amount.

         (d)      At the time of grant, the Committee may provide in connection
                  with any grant made under this Plan that the shares of Stock
                  received as a result of such grant shall be subject to a
                  repurchase right in favor of the Company, pursuant to which
                  the optionee shall be required to offer to the Company upon
                  termination of employment for any reason any shares that the
                  participant acquired under the Plan, with the price being the
                  then Fair Market Value of the Stock or, in the case of a
                  termination for Cause, an amount equal to the cash
                  consideration paid for the Stock, subject to such other terms
                  and conditions as the Committee may specify at the time of
                  grant. The Committee may, at the time of the grant of a Stock
                  Option under the Plan, provide the Company with the right to
                  repurchase, or require the forfeiture of, shares of Stock
                  acquired pursuant to the Plan by any optionee who, at any time
                  within two years after termination of employment with the
                  Company, directly or indirectly competes with, or is employed
                  by a competitor of, the Company.

         SECTION 10. EFFECTIVE DATE OF PLAN.

         The Plan shall be effective on the date it is approved by a vote of
the holders of a majority of the Stock present and entitled to vote at a
meeting of the Company's shareholders. Amendments requiring shareholder
approval shall be effective on the date on which they are

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approved by a vote of holders of a majority of the Stock present and entitled to
vote at a meeting of the Company's shareholders.

                                       12<PAGE>

EXHIBIT 4.1

              THE SECURITY REPRESENTED BY THIS INSTRUMENT WAS ORIGINALLY ISSUED
              ON [EXECUTION DATE], AND HAS NOT BEEN REGISTERED UNDER THE
              SECURITIES ACT OF 1933, AS AMENDED OR ANY APPLICABLE STATE
              SECURITIES LAW.

                           CONVERTIBLE UNSECURED NOTE
                           --------------------------

[DOLLAR AMOUNT]                                                  Salt Lake City
                                                               [EXECUTION DATE]

         FOR VALUE RECEIVED, the undersigned, ALPNET, INC., a Utah corporation
(the "COMPANY"), hereby promises to pay to the order of [INDIVIDUAL LENDER], at
[Individual Lender's Address], in three (3) annual installments as described in
Paragraph 2 of this Note, the principal amount of [DOLLAR AMOUNT] or such lesser
principal amount thereof as may remain outstanding, together with interest
thereon calculated from the date hereof, in accordance with the provisions of
this Note.

         1.       PAYMENT OF INTEREST. Interest shall accrue at a variable
interest rate of two percent (2.0%) per annum above the New York Prime Rate (as
defined below). Interest shall accrue daily on the outstanding balance of the
outstanding Principal both before and after judgment, and shall be calculated on
the basis of a 360-day year.

         As used in this Promissory Note, the term "NEW YORK PRIME RATE" shall
be deemed to mean an index which is determined quarterly by the lowest Prime
Rate published in the Money Rate Section of the West Coast Edition of the Wall
Street Journal. This definition of Prime Rate is to be strictly interpreted and
is not intended to serve any purpose other than providing an index to determine
the variable interest rate used herein. The applicable annual total interest
rate, as computed in accordance with the foregoing, shall be adjusted on the
first day of January, April, July and October of each year. The Company will
notify Lender of the current index rate upon Lender's request. The interest rate
change will not occur more often than each quarter.

         The Company shall pay to the holder of this Note all accrued interest
quarterly, specifically February 1, May 1, August 1, and November 1 of each
year, beginning __________, 2000 (collectively, the "INTEREST PAYMENT DATES").
Any accrued interest, which for any reason has not theretofore been paid, shall
be paid in full on the date on which the final principal payment on the Note is
made.

         2.       PAYMENT OF PRINCIPAL. The principal amount of this Note shall
be repaid in three (3) equal installments due 36, 48, and 60 months,
respectively, from [EXECUTION DATE]. Maker has a right to pay the full amount,
or any portion, of the indebtedness evidenced by this Note without premium or
penalty prior to maturity upon thirty (30) days prior notice to the holder;
provided, however, that even after receipt of notice from Holder of its intent
to make a prepayment, the holder shall continue to have the right to exercise
its conversion rights until actual receipt of such prepayment.

         3.       EVENTS OF DEFAULT.

                  (a)      DEFINITION. For purposes of this Note, an Event of
Default shall be deemed to have occurred if

                  (i)      the Company fails to pay when due and payable the
         full amount of interest then accrued on the Note or the installment
         amount of any principal payment on the Note, and such failure shall
         have continued for a period of 30 days;

<PAGE>

                  (ii)     the Company fails to perform or observe any material
         provision contained in this Note, and such failure is not cured within
         sixty (60) days after the occurrence thereof;

                  (iii)    any information contained in writing required to be
         furnished by the Company to any holder of this Note is false or
         misleading in any material respect on the date made or furnished; or

                  (iv)     the Company makes an assignment for the benefit of
         creditors or admits in writing its inability to pay its debts generally
         as they become due; or an order, judgment or decree is entered
         adjudicating the Company bankrupt or insolvent.

         The foregoing shall constitute Events of Default whatever the reason or
cause for any such Event of Default and whether it is voluntary or involuntary
or is effected by operation of law or pursuant to any judgment, decree or order
of any court or any order, rule or regulation of any administrative or
governmental body.

                  (b)      CONSEQUENCES OF EVENTS OF DEFAULT. If an Event of
Default has occurred, the aggregate principal amount of the Note (together with
all accrued interest thereon) shall become immediately due and payable without
any action on the part of the holder of this Note, and the Company shall
immediately pay to the holder of the Note all amounts due and payable with
respect to the Note.

         4.       CONVERSION.

                  (a)      CONVERSION PROCEDURE.

                  (i)      At any time following the date of issuance of this
         Note and prior to the payment of this Note in full, the holder of this
         Note may convert all or any portion of the outstanding principal amount
         of this Note into a number of shares of the Conversion Stock determined
         by dividing the principal amount designated by such holder to be
         converted by the Conversion Price. Upon payment of this Note in full,
         all conversion rights granted herein shall terminate.

                  (ii)     The holder of this Note may convert all or a portion
         of this Note by delivering to the Company or its agent a written notice
         of conversion (the "NOTICE OF CONVERSION" in the form of Exhibit A
         attached hereto), duly signed by or on behalf of the holder, stating
         the aggregate principal amount of such holder's Note to be converted.
         Such notices may be delivered to the Company or its agent by telephone
         line facsimile, and shall be delivered prior to 5 p.m., Salt Lake City
         time, on the day prior to the date of requested conversion. The Company
         will confirm its receipt of the Notice of Conversion, and confirm the
         calculations therein, or indicate alternative calculations, by return
         facsimile by 11:00 a.m., Salt Lake City time, on the following Business
         Day. Notwithstanding anything contained herein to the contrary, a
         minimum of $50,000 of the Note must be converted at a time or the
         entire balance due on the Note if less than $50,000.

                  (iii)    Except as otherwise expressly provided herein, each
         conversion of this Note shall be deemed to have been effected as of the
         close of business on the date on which the Notice of Conversion is
         confirmed by the Company. At such time as such conversion has been
         effected, the rights of the holder of this Note as such holder to the
         extent of the conversion shall cease, and the Person or Persons in
         whose name or names any certificate or certificates for shares of
         Conversion Stock are to be issued upon such conversion shall be deemed
         to have become the holder or holders of record of the shares of
         Conversion Stock represented thereby.

                  (iv)     On receipt by the Company from the holder of this
         Note of a Notice of Conversion by telephone line facsimile
         transmission, meeting the requirements for conversion in this Note, and
         confirmation of such by the Company, the Company shall deliver to the
         holder as soon as is practicable:

                           (1)      a certificate or certificates representing
         the number of shares of Conversion Stock issuable by reason of such
         conversion in such name or names and such denomination or denominations
         as the holder has specified;

<PAGE>

                           (2)      payment in an amount equal to the sum of all
         accrued interest with respect to the principal amount converted, which
         has not been paid prior thereto, plus the amount payable under
         subparagraph (v) below; and

                           (3)      a new Note representing any portion of the
         principal amount that was represented by the Note surrendered to the
         Company in connection with such conversion but which was not converted.

                  (v)      If any fractional share of Conversion Stock would,
         except for the provisions hereof, be deliverable upon conversion of
         this Note, the Company, in lieu of delivering such fractional share,
         shall pay an amount equal to the Conversion Price of such fractional
         share as of the date of such conversion.

                  (vi)     The issuance of certificates for shares of Conversion
         Stock upon conversion of this Note shall be made without charge to the
         holder hereof for any issuance tax in respect thereof or other cost
         incurred by the Company in connection with such conversion and the
         related issuance of shares of Conversion Stock. Upon conversion of this
         Note, the Company shall take all such actions as are necessary in order
         to insure that the Conversion Stock issuable with respect to such
         conversion shall be validly issued, fully paid and nonassessable.

                  (vii)    Each Common Stock certificate issued upon conversion
         of all or any portion of this Note, shall be stamped or otherwise
         imprinted with a legend substantially in the following form:

                  THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT
                  OF 1933, AS AMENDED (THE "ACT"), OR REGISTERED OR OTHERWISE
                  QUALIFIED FOR SALE UNDER ANY APPLICABLE STATE SECURITIES LAWS
                  AND MAY NOT BE TRANSFERRED OR SOLD OR OFFERED FOR SALE OR
                  OTHERWISE TRANSFERRED, PLEDGED, HYPOTHE-CATED OR DISPOSED OF
                  UNLESS IT HAS BEEN REGISTERED UNDER THE ACT AND REGISTERED OR
                  OTHERWISE QUALIFIED FOR SALE UNDER SUCH STATE SECURITIES LAWS
                  OR AN EXCEPTION FROM REGISTRATION THEREUNDER IS AVAILABLE.

                  (viii)   The Company shall at all times reserve and keep
         available, out of its treasury stock or authorized and unissued stock,
         or both, solely for the purpose of effecting the conversion of this
         Note, such number of shares of Common Stock as shall from time to time
         be sufficient to effect the conversion of this Note.

                  (b)      CONVERSION PRICE. As used herein, the term
         "Conversion Price" shall mean the average of the closing bid and ask
         for ALPNET, Inc.'s Common Stock as quoted on NASDAQ for the five (5)
         trading days prior to the date of this Note which is $_____ per share.

         5.       REGISTRATION RIGHTS.

                  (a)      PIGGYBACK RIGHTS. If at any time prior to the payment
of this Note in full, the Company proposes to file a registration statement
under the Securities Act, other than a registration on Form S-8 or a
registration statement on Form S-4 (a "REGISTRATION STATEMENT"), with respect to
an offering for its own account or for the account of others, of any Common
Stock of the Company, then each such time the Company shall give written notice
of such intention to file a Registration Statement (a "PIGGYBACK NOTICE") to the
holder of this Note at least thirty (30) days before the anticipated filing
date. The Piggyback Notice shall describe the intended method of distribution
and offer the holder of this Note the opportunity to register pursuant to such
Registration Statement such Registrable Securities as the holder may request in
writing to the Company within thirty (30) days after the date the holder first
received the Piggyback Notice (a "PIGGYBACK REGISTRATION"). The Company shall
take all necessary steps so requested to register the Registrable Securities of
the holder.

<PAGE>

                  (b)      UNDERWRITTEN REGISTRATIONS. In a registration
pursuant to this paragraph 5 involving an underwritten offering, whether or not
for sale for the account of the Company, any request pursuant to this paragraph
5 may require that all Registrable Securities be included in the underwriting on
identical terms and conditions (an "UNDERWRITTEN REGISTRATION"). If the managing
underwriter with respect to such an offering advises the Company that the
inclusion of all the Registrable Securities which the holder has requested to be
included in the Registration Statement would materially jeopardize the success
of the offering, then the Company shall be required to include in the
underwriting only that number, if any, of Registrable Securities which the
underwriter advises the Company may be sold without materially jeopardizing the
offering. In the event that the number of Registrable Securities included in
such Piggyback Registration is limited as described above, then Registrable
Securities shall be included on a pro rata basis based on the total number of
outstanding Common Stock with registration rights, subject to prior registration
rights granted by the Company. Any holder of this Note or a similar Note
disapproving of the terms of any such underwriting may elect to withdraw from it
by written notice to the Company and the underwriter.

                  (c)      ANNUAL REGISTRATION. The Company shall undertake to
register under the Securities Act and under any applicable Blue Sky or other
state securities laws, all Registrable Securities within 60 days after the
Company files its next annual From 10-K with the U.S. Securities and Exchange
Commission (the "ANNUAL REGISTRATION"). The Company shall take all necessary
steps to register the Registrable Securities of the holder.

         6.       REGISTRATION EXPENSES. All expenses incident to a Piggyback
Registration, Underwritten Registration or Annual Registration, including,
without limitation, all registration and filing fees, including fees with
respect to filings required to be made with the Commission, the National
Association of Securities Dealers, Inc., fees and expenses of compliance with
securities or blue sky laws (including, without limitation, reasonable fees and
disbursements of counsel for the underwriters), printing expenses, messenger,
telephone and delivery expenses, and fees and disbursements of counsel of the
Company and of all independent public accountants of the Company (including the
expenses of any special audit and "comfort" letters required by or incident to
such performance), underwriters fees (excluding discounts, commissions or fees
of underwriters, selling brokers, dealer managers or similar securities industry
professionals relating to the distribution of the Registrable Securities which
shall be paid by the selling holders on a pro rata basis based on the number of
Registrable Securities being sold by them), securities acts liability insurance
and fees and expenses of other persons or entities retained by the Company will
be borne by the Company whether or not any Registration Statement becomes
effective.

         7.       HOLDBACK AGREEMENTS. A holder of this Note whose Registrable
Securities are included in a Registration Statement as part of an underwritten
public offering shall agree not to effect any public sale or distribution of
Common Stock, including a sale pursuant to Rule 144 or in reliance on any other
exemption from registration under the Securities Act, during the ninety (90) day
period (or other period reasonably required by the Underwriter) beginning on the
effective date of such Registration Statement (except as part of such
registration), but only if and to the extent requested in writing (with
reasonable prior written notice) by the underwriter(s). Any such agreement shall
be in writing in a form satisfactory to a majority in interest of the holder of
this Note and the holders of all similar notes participating in such
registration.

         8.       REGISTRATION INFORMATION.

                  (a)      The Company may require the holder of this Note and
holders of similar Notes participating in a registration hereunder to furnish
the Company such information regarding such holder and the distribution of such
Registrable Securities as the Company may from time to time reasonably request
and as shall be required by law to effect such registration.

                  (b)      The holder of this Note or holders of similar Notes
who include Registrable Securities in any registration under paragraph 5 shall
distribute those Registrable Securities in a manner consistent with the
distribution described in the relevant registration statement.

<PAGE>

         9.       INDEMNIFICATION.

                  (a)      INDEMNIFICATION BY THE COMPANY. In the event of any
registration of any of the Registrable Securities under the Securities Act
pursuant to this Agreement, the Company will indemnify and hold harmless any
holder of this Note participating in the registration, its directors,
stockholders, officers and partners and each underwriter involved in such
registration and each other person, if any, who controls each selling holder or
underwriter within the meanings of the Securities Act or the Securities Exchange
Act of 1934, as amended (the "EXCHANGE ACT") against any losses, claims, damages
or liabilities, joint or several, to which each selling holder or its officers,
directors, stockholders or partners or underwriter or controlling person may
become subject insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any untrue statement
or alleged untrue statement of any material fact contained in any Registration
Statement under which such Registrable Securities were registered under the
Securities Act, any preliminary Prospectus or final Prospectus contained in such
Registration Statement, or any amendment or supplement to such Registration
Statement, or arise out of or are based upon the omission or alleged omission to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading, and will reimburse such selling holder, its
officers, directors, stockholders and partners and such underwriter and each
such controlling person for any legal or any other expenses reasonably incurred
by any of them as they are incurred in connection with investigating or
defending any such loss, claim, damage, liability or action; provided, however,
that the Company will not be liable to any selling holder or its officers,
directors, stockholders or partners, or controlling persons in any such case to
the extent that any such loss, claim, damage or liability arises out of or is
based upon any willful untrue statement or omission made in such Registration
Statement, preliminary Prospectus or final Prospectus, or any such amendment or
supplement thereto, in reliance upon and in conformity with information
furnished to the Company, in writing, by or on behalf of such selling holder or
its officers, directors, stockholders or partners, or controlling persons,
specifically for use in the preparation of such Registration Statement,
preliminary Prospectus or final Prospectus or amendment or supplement thereto.

                  (b)      INDEMNIFICATION BY THE HOLDER. In the event of any
registration of any of the Registrable Securities under the Securities Act
pursuant to this Agreement, each selling holder, severally and not jointly, will
indemnify and hold harmless the Company, each of its directors, each of its
officers who has signed such Registration Statement, each underwriter involved
in such registration, each other selling holder and their respective officers,
directors, stockholders and partners and each person, if any, who controls the
Company or any such underwriter or selling holder within the meaning of the
Securities Ace or the Exchange Act, against any losses, claims, damages or
liabilities, to which the Company, such directors and officers, such underwriter
or selling holder or its respective officers, directors, stockholders or
partners or controlling person may become subject, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon any untrue statement or alleged untrue statement of a material
fact contained in any Registration Statement under which such Registrable
Securities were registered under the Securities Act, any preliminary Prospectus
or final Prospectus contained in such Registration Statement, or any amendment
or supplement to such Registration Statement, or arise out of or are based upon
any omission or alleged omission to state a material fact required to be stated
therein or necessary to make the statement therein not misleading, and will
reimburse the Company, the underwriters, selling holders and their respective
officers, directors, stockholders, partners and controlling person for any legal
or any other expenses reasonably incurred by any of them in connection with
investigating or defending any such loss, claim, damage, liability or action, if
the statement or omission was made in reliance upon and in conformity with
information furnished in writing to the Company by or on behalf of such selling
holder or its officers, directors, stockholders or partners or controlling
persons, specifically for use in connection with the preparation of such
Registration Statement, preliminary Prospectus or final Prospectus or amendment
or supplement thereto.

<PAGE>

                  (c)      REQUIRED NOTICES. Each party entitled to
indemnification under this Paragraph 9 (the "INDEMNIFIED PARTY") shall give
notice to the party required to provide indemnification (the "INDEMNIFYING
PARTY") promptly after the Indemnified Party has actual knowledge of any claim
as to which indemnity may be sought and, with respect to third party claims,
shall permit the Indemnifying Party to assume the defense of any such claim or
any litigation resulting from it, provided that counsel for the Indemnifying
Party who shall conduct the defense of such claim or litigation must be approved
by the Indemnified Party (whose approval shall not unreasonably be withheld),
and provided further that the failure of any Indemnified Party to give notice as
provided in this Paragraph 9(c) shall not relieve the Indemnifying Party of its
obligations under Paragraph 9(a) or (b), as the case may be. The Indemnified
Party shall have the right to employ its own counsel in any claim or litigation,
but, with respect to third party claims or litigation, the fees and expenses of
counsel shall be at the expense of such Indemnified Party, when and as incurred,
unless (i) the Indemnified Party shall have reasonably concluded that there may
be a conflict or interest between the Indemnifying Party and the Indemnified
Party in the conduct of the defense of such claim or litigation (in which case
the Indemnifying Party shall not have the right to direct the defense of such
claim or litigation on behalf of the Indemnified Party), or (ii) the
Indemnifying Party shall fail, within a reasonable time after notice of the
claim, to have given written notice of its intention to assume such defense, and
to have employed counsel to assume the defense of such claim or litigation, or
(iii) the Indemnifying Party fails timely and actively to assume or to continue
to assume the defense of such claim. No Indemnifying Party, in the defense of
any claim or litigation, shall, without the consent of the Indemnified Party,
consent to entry of any judgment or enter into any settlement that does not
include as an unconditional term the giving by the claimant or plaintiff to such
Indemnified Party, of a release from all liability in respect of such third
party claim or litigation. In no event shall an Indemnified Party consent to any
entry of any judgment in a third party claim or litigation, or settle a third
party claim or litigation without the prior written consent of the Indemnifying
Party unless the Indemnifying Party fails to timely give notice of its intention
to assume defense or timely and actively to assume and continue such defense.

         10.      ASSIGNABILITY. The registration rights granted in this Note
may be assigned by the holder together with an assignment of Registrable
Securities by such holder.

         11.      NOTICES. All notices or other communications under this Note
shall be given in accordance with the notice provisions of this Note.

         12.      DEFINITIONS. For purposes of this Note, the following
capitalized terms have the following meaning.

         "BUSINESS DAY" means any day other than a Saturday, a Sunday or any day
on which banks in Salt Lake City are authorized or obligated by law or executive
order to close.

         "COMMON STOCK," "COMMON SHARES", or "SHARES" means the Company's Common
Stock, no par value per share.

         "CONVERSION STOCK" means shares of the Company's Common Stock;
provided, that if there is a change such that the securities issuable upon
conversion of the Note are issued by an entity other than the Company or there
is a change in the class of securities, so issuable, then the term "Conversion
Stock" shall mean one share of the security issuable upon conversion of this
Note if such security is issuable in shares, or shall mean the smallest unit in
which such security is issuable if such security is not issuable in shares.

         "EVENTS OF DEFAULT" has the meaning set forth in Paragraph 3 hereof.

         "INTEREST PAYMENT DATES" has the meaning set forth in Paragraph 1
hereof.

         "NOTICE OF CONVERSION" has the meaning set forth in Paragraph 4(a)(ii)
hereof.

<PAGE>

         "REGISTERABLE SECURITIES" means the Common Shares issuable upon
conversion of this Note and any other Common Shares acquired by the holder of
this Note as a result of stock splits, stock dividends, reclassifications,
recapitalizations, or similar events relating to any such Shares. Wherever
reference is made in this Note to a request or consent of holders of a certain
percentage of Registrable Securities, the determination of such percentage shall
include Shares issuable upon conversion of this Note even if such conversion has
not yet been effected. Sixty days prior to the date that the Shares may be
transferred without registration under the Securities Act, pursuant to
Regulation S promulgated thereunder ("REGULATION S") or otherwise, the Shares
will cease to be Registrable Shares.

         "SECURITIES ACT" means the Securities Act of 1933, as amended (the
"SECURITIES ACT") or any similar Federal statute, and the rules and regulations
of the Securities and Exchange Commission under the Securities Act, as they each
may, from time to time, be in effect.

         13.      REPLACEMENT. Upon receipt of evidence reasonably satisfactory
to the Company (an affidavit of the registered holder shall be satisfactory) of
the ownership and the loss, theft, destruction or mutilation of a holder's Note,
and in the case of any such loss, theft, or destruction, upon receipt of
indemnity reasonably satisfactory to the Company, the Company shall (at its
expense) execute and deliver in lieu of such Note a new Note of like kind
representing the aggregate principal amount represented by such lost, stolen,
destroyed or mutilated Note and dated the date of such lost, stolen, destroyed
or mutilated Note, and interest shall accrue on the new Note from the date to
which interest has been fully paid on such lost, stolen, destroyed or mutilated
Note.

         14.      CANCELLATION. After all principal and accrued interest at any
time owned on this Note has been paid in full, this Note shall be surrendered to
the Company for cancellation and shall not be reissued.

         15.      PAYMENTS. All payments to be made to the holders of this Note
shall be made in U.S. Dollars in immediately available funds.

         16.      PLACE OF PAYMENT. Except as otherwise expressly provided
hereunder, payments of principal and interest shall be delivered (i) in person,
(ii) sent by registered or certified mail, postage prepaid with return receipt
requested, or (iii) sent by reputable overnight courier service, fees prepaid,
to the note holder, at such holder's address as it appears in this Note (unless
otherwise indicated by any such holder).

         17.      GOVERNING LAW AND DISPUTE RESOLUTION.

[If lender is not a U.S. citizen, use this language:] This Note shall be
governed by and construed in accordance with the laws of the state of Utah,
United States of America. Any controversy or claim arising between the parties
including any controversy or claim arising out of or relating to this Note shall
be determined by arbitration in accordance with the International Arbitration
Rules (the "RULES") of the American Arbitration Association ("AAA"). The AAA
shall appoint one arbitrator who shall be from [country of lender] and shall
determine the place of arbitration pursuant to the Rules. The language to be
used in the arbitral proceedings shall be English. Any judgment rendered
pursuant to the Rules shall be enforceable in both [country of lender] and Utah.

[If lender is a U.S. citizen, use this language:] Any controversy or claim
arising out of or relating to this Note, or the breach thereof, shall be settled
by arbitration in accordance with the COMMERCIAL ARBITRATION RULES OF THE
AMERICAN ARBITRATION ASSOCIATION, and judgment upon the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction thereof. The
arbitration proceedings shall be conducted in the office of the Association
closest to the Company's principle place of business in the United States. If
space is not available in the office of the Association, then the arbitration
will be held at a facility in reasonable proximity to the Association office.
The party found by arbitration to be in breach of this Note shall be required to
pay all other parties' attorneys' fees, costs and expenses incurred in
connection with the arbitration, in addition to any other relief ordered by the
arbitration(s).]

<PAGE>

         18.      INTEGRATION. There are no representations, warranties,
covenants or agreements between the parties relating to this Note and its
contents except as are specifically set forth or referred to in this Note. This
Note contains the entire agreement between the parties hereto and supersedes all
prior agreements, correspondence, memoranda, representations and understandings
of the parties relating thereto. No representations have been made to induce the
parties hereto to enter into the transactions contemplated in this Note except
as are set forth herein.

         IN WITNESS WHEREOF, the Company has executed and delivered this Note as
of the date first written above.

                                       ALPNET, INC.

                                       By: ________________________________
                                                John W. Wittwer
                                                Its: Vice President Finance

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