Document:

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                                                                    Exhibit 10.2

                            2000 STOCK OPTION PLAN
                                       OF
                                  PAYMAP INC.

      1.  PURPOSES OF THE PLAN
          --------------------
     The purposes of the 2000 Stock Option Plan (the "Plan") of Paymap Inc., a
Delaware corporation (the "Company"), are to:

          (a)  Encourage selected employees, directors and consultants to
improve operations and increase profits of the Company;

          (b)  Encourage selected employees, directors and consultants to accept
or continue employment or association with the Company or its Affiliates; and

          (c)  Increase the interest of selected employees, directors and
consultants in the Company's welfare through participation in the growth in
value of the common stock of the Company (the "Common Stock").

      Options granted under this Plan ("Options") may be "incentive stock
options" ("ISOs") intended to satisfy the requirements of Section 422 of the
Internal Revenue Code of 1986, as amended (the "Code"), or "nonstatutory
options" ("NSOs").

      2.  ELIGIBLE PERSONS
          ----------------

      Every person who at the date of grant of an Option is a full-time employee
of the Company or of any Affiliate (as defined below) of the Company is eligible
to receive NSOs or ISOs under this Plan.  Every person who at the date of grant
is a consultant to, or nonemployee director of, the Company or any Affiliate (as
defined below) of the Company is eligible to receive NSOs under this Plan.  The
term "Affiliate" as used in the Plan means a parent or subsidiary corporation as
defined in the applicable provisions of the Code.  The term "employee" includes
an officer or director who is an employee, of the Company.  The term
"consultant" includes persons employed by, or otherwise affiliated with, a
consultant.

      3.  STOCK SUBJECT TO THIS PLAN
          --------------------------

     Subject to the provisions of Section 6.1.1 of the Plan, the total number of
shares of stock which may be issued under options granted pursuant to this Plan
shall be 1,283,500 shares of Common Stock.  The shares covered by the portion of
any grant under the Plan which expire unexercised shall become available again
for grants under the Plan.

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      4.  ADMINISTRATION
          --------------

          4.1 General. This Plan shall be administered by the Board of Directors
              -------
of the Company (the "Board") or, by a committee (the "Committee") of at least
two Board members to which administration of the Plan, or of part of the Plan,
is delegated (in either case, the "Administrator").

          4.2  Public Company. From and after such time as the Company registers
               --------------
a class of equity securities under Section 12 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), the Committee shall consist of Board
members who are "Non-Employee Directors" as defined under Rule 16b-3 promulgated
by the Securities and Exchange Commission ("Rule 16b-3"), or any successor rule
thereto.

          4.3  Authority of Administrator. Subject to the other provisions of
               --------------------------
this Plan, the Administrator shall have the authority, in its discretion: (i) to
grant Options; (ii) to determine the fair market value of the Common Stock
subject to Options; (iii) to determine the exercise price of Options granted;
(iv) to determine the persons to whom, and the time or times at which, Options
shall be granted, and the number of shares subject to each Option; (v) to
interpret this Plan; (vi) to prescribe, amend, and rescind rules and regulations
relating to this Plan; (vii) to determine the terms and provisions of each
Option granted (which need not be identical), including but not limited to, the
time or times at which Options shall be exercisable; (viii) with the consent of
the optionee, to modify or amend any Option; (ix) to accelerate the exercise
date of any Option; (x) to authorize any person to execute on behalf of the
Company any instrument evidencing the grant of an Option; and (xi) to make all
other determinations deemed necessary or advisable for the administration of
this Plan. The Administrator may delegate nondiscretionary administrative duties
to such employees of the Company as it deems proper.

          4.4  Interpretation by Administrator. All questions of interpretation,
               -------------------------------
implementation, and application of this Plan shall be determined in its absolute
discretion by the Administrator. Such determinations shall be final and binding
on all persons .

          4.5  Rule 16b-3.  With respect to persons subject to Section 16 of the
               ----------
Exchange Act, if any, transactions under this Plan are intended to comply with
the applicable conditions of Rule 16b-3, or any successor rule thereto. To the
extent a transaction under this Plan or action by the Administrator fails to so
comply, it shall, to the extent deemed advisable by the Administrator, be
modified to comply with Rule 16b-3. Notwithstanding the above, it shall be the
responsibility of such persons, not of the Company or the Administrator, to
comply with the requirements of Section 16 of the Exchange Act; and neither the
Company nor the Administrator shall be liable if this Plan or any transaction
under this Plan fails to comply with the applicable conditions of Rule

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16b-3 or any successor rule thereto, or if any such person incurs any liability
under Section 16 of the Exchange Act.

      5.  GRANTING OF OPTIONS; OPTION AGREEMENT
          -------------------------------------
          5.1 No Options shall be granted under this Plan after ten years from
the date of adoption of this Plan by the Board.

          5.2 Each Option shall be evidenced by a written stock option agreement
(the "Option Agreement"), in form satisfactory to the Company, executed by the
Company and the person to whom such Option is granted; provided, however, that
the failure by the Company, the optionee, or both to execute the Option
Agreement shall not invalidate the granting of an Option, although the exercise
of each option shall be subject to Section 6.1.3.

          5.3 The Option Agreement shall specify whether each Option it
evidences is an NSO or an ISO.

          5.4 Subject to Section 6.3.3 with respect to ISOs, the Administrator
may approve the grant of Options under this Plan to persons who are expected to
become employees, directors or consultants of the Company, but are not
employees, directors or consultants at the date of approval.

      6.  TERMS AND CONDITIONS OF OPTIONS
          -------------------------------

     Each Option granted under this Plan shall be subject to the terms and
conditions set forth in Section 6.1.  NSOs shall be also subject to the terms
and conditions set forth in Section 6.2, but not those set forth in Section 6.3.
ISOs shall also be subject to the terms and conditions set forth in Section 6.3,
but not those set forth in Section 6.2.

          6.1  Terms and Conditions to Which All Options Are Subject. Options
               -----------------------------------------------------
granted under this Plan shall be subject to the following terms and conditions:

               6.1.1  Changes in Capital. Subject to Section 6.1.2, if the stock
                      ------------------
of the Company is changed by reason of a stock split, reverse stock split, stock
dividend, or recapitalization, combination or reclassification, appropriate
adjustments shall be made by the Board in (a) the number and class of shares of
stock subject to this Plan and each Option outstanding under this Plan, and (b)
the exercise price of each outstanding Option; provided, however, that the
Company shall not be required to issue fractional shares as a result of any such
adjustments. Each such adjustment shall be subject to approval by the Board in
its absolute discretion.

               6.1.2  Corporate Transactions. In the event of the proposed
                      ----------------------
dissolution or liquidation of the Company, the Administrator shall notify each
optionee at

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least 30 days prior to such proposed action. To the extent not previously
exercised, all Options will terminate immediately prior to the consummation of
such proposed action. In the event of a merger or consolidation of the Company
with or into another corporation or entity, or in the event of a sale of all or
substantially all of the assets of the Company in which the stockholders of the
Company receive securities of the acquiring entity or an affiliate thereof, all
Options shall be assumed or equivalent options shall be substituted by the
successor corporation (or other entity) or a parent or subsidiary of such
successor corporation (or other entity). If such successor does not agree to
assume the Options or to substitute equivalent options therefor, unless the
Administrator shall determine otherwise, the Options shall be fully exercisable
for a period of 30 days from the date notice is given under this Section 6.1.2
and shall terminate upon expiration of such 30-day period.

               6.1.3  Time of Option Exercise. Subject to Section 5 and Section
                      -----------------------
6.3.4, Options granted under this Plan shall be exercisable (a) immediately as
of the effective date of the Option Agreement granting the Option, or (b) in
accordance with a schedule related to the date of the grant of the Option, the
date of first employment, or such other date as may be set by the Administrator
(in any case, the "Vesting Base Date") and specified in the Option Agreement
relating to such Option; provided, however, that the right to exercise an Option
must vest at the rate of at least 20% per year over five years from the date the
option was granted. Options granted to officers, directors or consultants may
become fully exercisable, subject to reasonable conditions such as continued
employment, at any time or during any period established by the Board of the
Administrator in accordance with this Plan. In any case, no Option shall be
exercisable until a written Option Agreement in form satisfactory to the Company
is executed by the Company and the optionee.

               6.1.4  Option Grant Date. Except in the case of advance approvals
                      -----------------
described in Section 5.4, the date of grant of an Option under this Plan shall
be the date as of which the Administrator approves the grant.

               6.1.5  Nonassignability of Option Rights. Except as otherwise
                      ---------------------------------
determined by the Administrator and expressly set forth in the Option Agreement,
no Option granted under this Plan shall be assignable or otherwise transferable
by the optionee except by will or by the laws of descent and distribution.
During the life of the optionee, except as otherwise determined by the
Administrator and expressly set forth in the Option Agreement, an Option shall
be exercisable only by the optionee.

               6.1.6  Payment. Except as provided below, payment in full, in
                      -------
cash, shall be made for all stock purchased at the time written notice of
exercise of an Option is given to the Company, and proceeds of any payment shall
constitute general funds of the Company. At the time an Option is granted or
exercised, the Administrator, in the exercise of its absolute discretion after
considering any tax or accounting consequences, may authorize any one or more of
the following additional methods of payment:

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                      (a)   Acceptance of the optionee's full recourse
     promissory note for all or part of the Option price, payable on such terms
     and bearing such interest rate as determined by the Administrator (but in
     no event less than the minimum interest rate specified under the Code at
     which no additional interest would be imputed and in no event more than the
     maximum interest rate allowed under applicable usury laws), which
     promissory note may be either secured or unsecured in such manner as the
     Administrator shall approve (including, without limitation, by a security
     interest in the shares of the Company);

                      (b)   Delivery by the optionee of Common Stock already
owned by the optionee for all or part of the Option price, provided the value
(determined as set forth in Section 6.1.11) of such Common Stock is equal on the
date of exercise to the Option price, or such portion thereof as the optionee is
authorized to pay by delivery of such stock; provided, however, that if an
optionee has exercised any portion of any Option granted by the Company by
delivery of Common Stock, the optionee may not, within six months following such
exercise, exercise any Option granted under this Plan by delivery of Common
Stock without the consent of the Administrator; and

                      (c)   Pursuant to a "cashless exercise/sale" procedure
pursuant to which funds to pay for the exercise of the Option are delivered to
the Company by a broker upon receipt of stock certificates from the Company, or
pursuant to which optionees may obtain margin loans from brokers to fund the
exercise of the Option.

               6.1.7  Termination of Employment.
                      -------------------------
                      (a)   If, for any reason other than death, disability or
"cause" (as defined below), an optionee ceases to be employed by the Company or
any of its Affiliates (such event being called a "Termination"), Options held at
the date of Termination (to the extent then exercisable) may be exercised in
whole or in part at any time within 90 days of the date of such Termination, or
such other period of not less than 30 days after the date of such Termination as
is specified in the Option Agreement (but in no event after the Expiration
Date).

                      (b)   If an optionee dies or becomes disabled (within the
meaning of Section 22(c)(3) of the Code) while employed by the Company or an
Affiliate or within the period that the Option remains exercisable after
Termination, Options then held (to the extent then exercisable) may be
exercised, in whole or in part, by the optionee, by the optionee's personal
representative or by the person to whom the Option is transferred by devise or
the laws of descent and distribution, at any time within 12 months after the
death or 12 months after the disability of the optionee, or such other period of
not less than six months from the date of Termination as is specified in the
Option Agreement (but in no event after the Expiration Date).

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                      (c)   If an optionee is terminated for "cause," all
Options then held shall terminate and no longer be exercisable as of the date of
Termination.

                      (d)   For purposes of this Section 6.1.7, "employment"
includes service as a director or as a consultant.

                      (e)   For purposes of this Section 6.1.7, an optionee's
employment shall not be deemed to terminate by reason of sick leave, military
leave or other leave of absence approved by the Administrator, if the period of
any such leave does not exceed 90 days or, if longer, if the optionee's right to
reemployment by the Company or any Affiliate is guaranteed either contractually
or by statute.

                      (f)   For purposes of this Section 6.1.7, "cause" shall
mean Termination (i) by reason of optionee's commiss ion of a felony,
misdemeanor or other illegal conduct involving dishonesty, fraud or other
matters of moral turpitude, (ii) by reason of optionee's dishonesty towards,
fraud upon, or deliberate injury or attempted injury to the Company or any of
its Affiliates, or (iii) by reason of optionee's willfully engaging in
misconduct which is materially and demonstrably injurious to the Company or any
of its Affiliates.

               6.1.8  Repurchase of Stock. At the option of the Administrator,
                      -------------------
the stock to be delivered pursuant to the exercise of any Option granted to an
employee, director or consultant under this Plan may be subject to a right of
repurchase in favor of the Company with respect to any employee, or director or
consultant whose employment, or director or consulting relationship with the
Company is terminated. Such right of repurchase shall be exercisable as the
Administrator may determine in the grant of option, either:

                      (a)   at the Option exercise price and (i) shall lapse at
the rate of at least 20% per year over five years from the date the Option is
granted (without regard to the date it was exercised or becomes exercisable),
and must be exercised for cash or cancellation of purchase money indebtedness
within 90 days after such termination of employment (or in the case of
securities issued upon exercise of options after the date of termination, within
90 days after the date of the exercise) ; or

                      (b)   at the higher of the Option exercise price or the
value (determined as set forth in Section 6.1.11) of the stock being repurchased
on the date of termination, and must be exercised for cash or cancellation of
purchase money indebtedness within 90 days of termination of employment (or in
the case of securities issued upon exercise of options after the date of
termination, within 90 days after the date of exercise), and such right shall
terminate when the Company's securities become publicly traded.

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     In addition to the restrictions set forth in subparagraphs (a) and (b)
above, the shares held by an officer, director or consultant of the issuer or an
affiliate of the issuer may be subject to additional or greater restrictions, at
the absolute discretion of the Administrator.

               6.1.9  Withholding and Employment Taxes. At the time of
                      --------------------------------
exercise of an Option or at such other time as the amount of such obligations
becomes determinable (the "Tax Date"), the optionee shall remit to the Company
in cash all applicable federal and state withholding and employment taxes. If
authorized by the Administrator in its absolute discretion, after considering
any tax or accounting consequences, an optionee may elect to (i) deliver a full
recourse promissory note on such terms as the Administrator deems appropriate,
(ii) tender to the Company previously owned shares of Stock or other securities
of the Company, or (iii) have shares of Common Stock which are acquired upon
exercise of the Option withheld by the Company to pay some or all of the amount
of tax that is required by law to be withheld by the Company as a result of the
exercise of such Option. Any election pursuant to clause (ii) above, where the
optionee is tendering Common Stock issued pursuant to the exercise of an Option,
shall require that such shares have been held at least six months prior to the
Tax Date. Any securities tendered or withheld in accordance with this Section
6.1.9 shall be valued by the Company as of the Tax Date.

               6.1.10 Other Provisions. Each Option granted under this Plan may
                      ----------------
contain such other terms, provisions, and conditions not inconsistent with this
Plan as may be determined by the Administrator, and each ISO granted under this
Plan shall include such provisions and conditions as are necessary to qualify
the Option as an "incentive stock option" within the meaning of Section 422 of
the Code. If Options provide for a right of first refusal in favor of the
Company with respect to stock acquired by employees, directors or consultants,
such Options shall provide that the right of first refusal shall terminate upon
the earlier of (i) the closing of the Company's initial registered public
offering to the public generally, or (ii) the date ten years after the grant
date as set forth in Section 6.1.4.

               6.1.11 Determination of Value. For purposes of the Plan, the
                      ----------------------
value of Common Stock or other securities of the Company shall be determined as
follows:

                      (a)   If the stock of the Company is listed on any
established stock exchange or a national market system, including without
limitation the National Market System of the National Association of Securities
Dealers, Inc. Automated Quotation System, its fair market value shall be the
closing sales price for such stock or the closing bid if no sales were reported,
as quoted on such system or exchange (or the largest such exchange) for the date
the value is to be determined (or if there are no sales for such date, then for
the last preceding business day on which there were sales), as reported in the
Wall Street Journal or similar publication.
-------------------

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                      (b)   If the stock of the Company is regularly quoted by a
recognized securities dealer but selling prices are not reported, its fair
market value shall be the mean between the high bid and low asked prices for the
stock on the date the value is to be determined (or if there are no quoted
prices for the date of grant, then for the last preceding business day on which
there were quoted prices).

                      (c)   In the absence of an established market for the
stock, the fair market value thereof shall be determined in good faith by the
Administrator, by consideration of such factors as the Administrator in its
discretion deems appropriate among the recent issue price of other securities of
the Company, the Company's net worth, prospective earning power, dividend-paying
capacity, and other relevant factors, including the goodwill of the Company, the
economic outlook in the Company's industry, the Company's position in the
industry and its management, and the values of stock of other corporations in
the same or a similar line of business.

               6.1.12 Option Term. Subject to Section 6.3.5, no Option shall be
                      -----------
exercisable more than ten years after the date of grant, or such lesser period
of time as is set forth in the stock option agreement (the end of the maximum
exercise period stated in the Option Agreement is referred to in this Plan as
the "Expiration Date") .

               6.1.13 Exercise Price. The exercise price of any Option granted
                      --------------
to any person who owns, directly or by attribution under the Code currently
Section 424(d), stock possessing more than ten percent of the total combined
voting power of all classes of stock of the Company or of any Affiliate (a "Ten
Percent Stockholder") shall in no event be less than 110% of the fair market
value (determined in accordance with Section 6.1.11) of the stock covered by the
Option at the time the Option is granted.

          6.2  Terms and Conditions to Which Only NSOs Are Subject. Except as
               ---------------------------------------------------
set forth in Section 6.1.13, the exercise price of a NSO shall be not less than
85% of the fair market value (determined in accordance with Section 6.1.11) of
the stock subject to the Option on the date of grant.

          6.3  Terms and Conditions to Which Only ISOs Are Subject. Options
               ---------------------------------------------------
granted under this Plan which are designated as ISOs shall be subject to the
following terms and conditions:

               6.3.1  Exercise Price. Except as set forth in Section 6.1.13, the
                      --------------
exercise price of an ISO shall be determined in accordance with the applicable
provisions of the Code and shall in no event be less than the fair market value
(determined in accordance with Section 6.1.11) of the stock covered by the
Option at the time the Option is granted.

               6.3.2  Disqualifying Dispositions. If stock acquired by exercise
                      --------------------------
of an ISO granted pursuant to this Plan is disposed of in a "disqualifying
disposition" within

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the meaning of Section 422 of the Code, the holder of the stock immediately
before the disposition shall promptly notify the Company in writing of the date
and terms of the disposition and shall provide such other information regarding
the Option as the Company may reasonably require.

               6.3.3  Grant Date. If an ISO is granted in anticipation of
                      ----------
employment as provided in Section 5.4, the Option shall be deemed granted,
without further approval, on the date the grantee assumes the employment
relationship forming the basis for such grant, and, in addition, satisfies all
requirements of this Plan for Options granted on that date.

               6.3.4  Vesting. Notwithstanding any other provision of this Plan,
                      -------
ISOs granted under all incentive stock option plans of the Company and its
subsidiaries may not "vest" for more than $100,000 in fair market value of stock
(measured on the grant dates(s)) in any calendar year. For purposes of the
preceding sentence, an option "vests" when it first becomes exercisable. If, by
their terms, such ISOs taken together would vest to a greater extent in a
calendar year, and unless otherwise provided by the Administrator, ISOs with
lower exercise prices shall vest before ISOs with higher exercise prices,
regardless of the grant date.

               6.3.5  Term. Notwithstanding Section 6.1.12, no ISO granted to
                      ----
any Ten Percent Stockholder shall be exercisable more than five years after the
date of grant.

      7.  MANNER OF EXERCISE

          7.1  An optionee wishing to exercise an Option shall give written
notice to the Company at its principal executive office, to the attention of the
officer of the Company designated by the Administrator, accompanied by payment
of the exercise price as provided in Section 6.1.6. The date the Company
receives written notice of an exercise hereunder accompanied by payment of the
exercise price will be considered as the date such Option was exercised.

          7.2  Promptly after receipt of written notice of exercise of an
Option, the Company shall, without stock issue or transfer taxes to the optionee
or other person entitled to exercise the Option, deliver to the optionee or such
other person a certificate or certificates for the requisite number of shares of
stock. An optionee or permitted transferee of an optionee shall not have any
privileges as a stockholder with respect to any shares of stock covered by the
Option until the date of issuance (as evidenced by the appropriate entry on the
books of the Company or a duly authorized transfer agent) of such shares.

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      8.  EMPLOYMENT OR CONSULTING RELATIONSHIP
          -------------------------------------

      Nothing in this Plan or any Option granted thereunder shall interfere with
or limit in any way the right of the Company or of any of its Affiliates to
terminate any optionee's employment or consulting at any time, nor confer upon
any optionee any right to continue in the employ of, or consult with, the
Company or any of its Affiliates.

      9.  FINANCIAL INFORMATION
          ---------------------

      The Company shall provide to each optionee during the period such optionee
holds an outstanding Option, and to each holder of Common Stock acquired upon
exercise of Options granted under the Plan for so long as such person is a
holder of such Common Stock, annual financial statements of the Company as
prepared either by the Company or independent certified public accountants of
the Company.  Such financial statements shall include, at a minimum, a balance
sheet and an income statement, and shall be delivered as soon as practicable
following the end of the Company's fiscal year.

      10.  CONDITIONS UPON ISSUANCE OF SHARES
           ----------------------------------

      Shares of Common Stock 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 of 1933, as amended (the
"Securities Act").

      11. NONEXCLUSIVITY OF THE PLAN
          --------------------------

     The adoption of the Plan shall not be construed as creating any limitations
on the power of the Company to adopt such other incentive arrangements as it may
deem desirable, including, without limitation, the granting of stock options
other than under the Plan.

      12.  MARKET STANDOFF
           ---------------

      Each Optionee, if so requested by the Company or any representative of the
underwriters in connection with any registration of the offering of any
securities of the Company under the Securities Act of 1933, as amended (the
"Securities Act"), shall not sell or otherwise transfer any shares of Common
Stock acquired upon exercise of Options during the 180-day period following the
effective date of a registration statement of the company filed under the
Securities Act; provided, however, that such restriction shall apply only to the
first two registration statements of the Company to become effective under the
Securities Act which includes securities to be sold on behalf of the Company to
the public in an underwritten public offering under the Securities Act.  The
Company may impose stop-transfer instructions with respect to securities subject
to the foregoing restriction until the end of such 180-day period.

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      13.  AMENDMENTS TO PLAN
           ------------------

     The Board may at any time amend, alter, suspend or discontinue this Plan.
Without the consent of an optionee, no amendment, alteration, suspension or
discontinuance may adversely affect outstanding Options except to conform this
Plan and ISOs granted under this Plan to the requirements of federal or other
tax laws relating to incentive stock options.  No amendment, alteration,
suspension or discontinuance shall require stockholder approval unless (a)
stockholder approval is required to preserve incentive stock option treatment
for federal income tax purposes, or (b) the Board otherwise concludes that
stockholder approval is advisable.

      14.  EFFECTIVE DATE OF PLAN
           ----------------------

     This Plan shall become effective upon adoption by the Board provided,
however, that no Option shall be exercisable unless and until written consent of
the stockholders of the Company, or approval of stockholders of the Company
voting at a validly called stockholders' meeting, is obtained within 12 months
after adoption by the Board. If such stockholder approval is not obtained within
such time, Options granted hereunder shall terminate and be of no force and
effect from and after expiration of such 12-month period.  Options may be
granted and exercised under this Plan only after there has been compliance with
all applicable federal and state securities laws.

Plan adopted by the Board of Directors on February 10, 2000.

Plan approved by Stockholders on ___________, 2000.

                                       11<PAGE>

                                                                    EXHIBIT 10.3

                                  PAYMAP INC.

                       2000 EMPLOYEE STOCK PURCHASE PLAN

     1.  Purpose.
         -------

     This Plan is intended to allow Employees of the Company and its Designated
Subsidiaries to purchase Common Stock through accumulated Payroll deductions.

     2.  Defined Terms.
         -------------

     The meanings of defined terms (generally, capitalized terms) in this Plan
are provided in Section 23 ("Glossary").

     3.  Eligibility.
         -----------

     (a)  Participation.  Any person who is an Employee on an Offering Date
          -------------
shall be eligible to participate in this Plan during the corresponding Offering
Period.

     (b)  No Participation by Five-Percent Stockholders.  Notwithstanding
          ---------------------------------------------
Section 3(a), an Employee shall not participate in this Plan during an Offering
Period if immediately after the grant of a Purchase Right on the Offering Date,
the Employee would own stock possessing five percent or more of the total
combined voting power or value of all classes of stock of the Company or of any
Subsidiary.  For this purpose, an Employee is treated as owning stock owned by
any other person whose stock would be attributed to the Employee under Section
424(d) of the Code and stock that he or she could purchase by exercise of
Purchase Rights or other options.

     4.  Offering Periods.
         ----------------

     Except as otherwise determined by the Administrator:

     (a)  the first Offering Period under this Plan shall begin on the first
business day before the effective date of a firmly underwritten initial public
offering of Common Stock and shall end on the last trading day of September
2000;

     (b)  a new Offering Period shall begin on the first business day of each
April and October while this Plan is in effect;

     (c)  the duration of each Offering Period (other than the first Offering
Period) shall be 6 months (measured from the first business day of the first
month to the last business day of the 6th  month); and

     (d)  an Offering Period shall terminate on the first date that no
Participant is enrolled in it.
<PAGE>

     5.  Participation.
         -------------

     (a)  An Employee may become a Participant in this Plan by completing a
subscription agreement, in such form as the Administrator may approve from time
to time, and delivering it to the Administrator by 1 p.m. Pacific time on the
applicable Offering Date, unless another time for filing the subscription
agreement is set by the Administrator for all Employees with respect to a given
Offering Period.  The subscription agreement shall authorize Payroll deductions
pursuant to this Plan and shall have such other terms as the Administrator may
specify from time to time.

     (b)  At the end of an Offering Period, each Participant in the Offering
Period who remains an Employee shall be automatically enrolled in the next
succeeding Offering Period (a "Re-enrollment") unless, in a manner and at a time
specified by the Administrator, but in no event later than 1 p.m. Pacific time
on the Offering Date of such succeeding Offering Period, the Participant
notifies the Administrator in writing that the Participant does not wish to be
re-enrolled.  Re-enrollment shall be at the withholding percentage specified in
the Participant's most recent subscription agreement.  No Participant shall be
automatically re-enrolled whose participation has terminated by operation of
Section 10.

     6.  Payroll Deductions.
         ------------------

     (a)  Payroll deductions under this Plan shall be in whole percentages, from
a minimum of 1% up to a maximum (not to exceed 10%) established by the
Administrator from time to time, as specified by the Participant in his or her
subscription agreement in effect on the first day of an Offering Period.
Payroll deductions for a Participant shall begin with the first payroll payment
date of the Offering Period and shall end with the last payroll payment date of
the Offering Period, unless sooner terminated by the Participant as provided in
Section 10.

     (b)  A Participant's Payroll deductions shall be credited to his or her
account under this Plan.  A Participant may not make any additional payments
into his or her account.

     (c)  A Participant may reduce his or her Payroll deductions by any whole
percentage (but not below 0%) at any time during an Offering Period, effective
15 days after the Participant files with the Administrator a new subscription
agreement authorizing the change.  A Participant may make other changes to his
or her Payroll deductions at the beginning of an Offering Period by delivering a
new subscription agreement authorizing the change to the Administrator by 1 p.m.
Pacific time on the relevant Offering Date.

     7.  Purchase Rights.
         ---------------

     (a)  Grant of Purchase Rights.  On the Offering Date of each Offering
          ------------------------
Period, the Participant shall be granted a Purchase Right to purchase during the
Offering Period the number of shares of Common Stock determined by dividing (i)
$25,000 multiplied by the number of (whole or part) calendar years in the
Offering Period by (ii) the fair market value of a share of Common Stock on the
Offering Date; provided that no Participant shall be entitled to purchase, under
this Plan or any other employee stock purchase plan of the Company or any
Subsidiary,

                                       2
<PAGE>

Common Stock having a total fair market value (measured on the Offering Dates of
the Offering Periods in which such shares were purchased) of more than $25,000.

     (b)  Terms of Purchase Rights.  Except as otherwise determined by the
          ------------------------
Administrator, each Purchase Right shall have the following terms:

          (i)  The per-share price of the shares subject to a Purchase Right
     shall be 85% of the lower of the fair market values of a share of Common
     Stock on (a) the Offering Date on which the Purchase Right was granted and
     (b) the Purchase Date.  The fair market value of the Common Stock on a
     given date shall be the closing price as reported in the Wall Street
     Journal; provided, however, that if there is no public trading of the
              -------- --------
     Common Stock on that date, then fair market value shall be determined by
     the Administrator in its discretion.

          (ii)  Payment for shares purchased by exercise of Purchase Rights
     shall be made only through Payroll deductions under Section 6.

          (iii)  Upon purchase or disposition of shares acquired by exercise of
     a Purchase Right, the Participant shall pay, or make provision satisfactory
     to the Administrator for payment of, all tax (and similar) withholdings
     that the Administrator determines, in its discretion, are required due to
     the acquisition or disposition, including without limitation any such
     withholding that the Administrator determines in its discretion is
     necessary to allow the Company and its Subsidiaries to claim tax deductions
     or other benefits in connection with the acquisition or disposition.

          (iv)  During his or her lifetime, a Participant's Purchase Right is
     exercisable only by the Participant.

          (v)  Purchase Rights will in all respects be subject to the terms and
     conditions of this Plan, as interpreted by the Administrator from time to
     time.

     8.  Purchase Dates; Purchase of Shares; Refund of Excess Cash.
         ---------------------------------------------------------

     (a)  The Administrator shall establish one or more Purchase Dates for each
Offering Period.  Unless otherwise determined by the Administrator, the last
trading day of each March and September shall be a Purchase Date.

     (b)  Each then-outstanding Purchase Right shall be exercised automatically
on each Purchase Date, following addition to the Participant's account of that
day's Payroll deductions, to purchase the maximum number of full shares of
Common Stock at the applicable price using the Participant's accumulated Payroll
deductions, subject to the limitation in Section 7(a).

     (c)  The shares purchased upon exercise of a Purchase Right shall be deemed
to be transferred to the Participant on the Purchase Date.

                                       3
<PAGE>

     (d)  Any cash remaining in a Participant's Payroll deduction account after
the purchase of shares on a Purchase Date shall be carried forward in that
account for application on the next Purchase Date; provided that upon
                                                   --------
termination of an Offering Period, any such cash shall be promptly refunded to
the Participant.

     9.  Registration and Delivery of Share Certificates.
         -----------------------------------------------

     (a)  Shares purchased by a Participant under this Plan will be registered
in the name of the Participant, or in the name of the Participant and his or her
spouse, or in the name of the Participant and joint tenant(s) (with right of
survivorship), as designated by the Participant.

     (b)  As soon as administratively feasible after each Purchase Date, the
Company shall deliver to the Participant a certificate representing the shares
purchased upon exercise of a Purchase Right.  If approved by the Administrator
in its discretion, the Company may instead (i) deliver a certificate (or
equivalent) to a broker for crediting to the Participant's account or (ii) make
a notation in the Participant's favor of non-certificated shares on the
Company's stock records.

     10.  Withdrawal; Termination of Employment.
          -------------------------------------

     (a)  A Participant may withdraw all, but not less than all, the Payroll
deductions credited to his account under this Plan before a Purchase Date by
giving written notice to the Administrator, in a form the Administrator
prescribes from time to time, at least 15 days before the Purchase Date.
Payroll deductions will then cease as to the Participant, no purchase of shares
will be made for the Participant on the Purchase Date, and all Payroll
deductions then credited to the Participant's account will be refunded promptly.

     (b)  Upon termination of a Participant's Continuous Employment for any
reason, including retirement or death, all Payroll deductions credited to the
Participant's account will be promptly refunded to the Participant or, in the
case of death, to the person or persons entitled thereto under Section 14, and
the Participant's Purchase Right will automatically terminate.

     (c)  A Participant's withdrawal from an offering will not affect the
Participant's eligibility to participate in a succeeding offering or in any
similar plan that may be adopted by the Company.

     11.  Use of Funds; No Interest.
          -------------------------

     Amounts withheld from Participants under this Plan shall constitute general
funds of the Company, may be used for any corporate purpose, and need not be
segregated from other funds.  No interest shall accrue on a Participant's
Payroll deductions.

     12.  Number of Shares Reserved.
          -------------------------

     (a)  The following numbers of shares of Common Stock are reserved for
issuance under this Plan, and such number may be issued at any time before
termination of this Plan:

                                       4
<PAGE>

          (i)  Beginning the date of approval of this Plan by the stockholders
     of the Company, 275,000 shares of Common Stock; and

          (ii)  Beginning the first business day of each calendar year starting
     January 1, 2001 or after, the lesser of an additional (A) 137,500 shares of
     Common Stock, (B) 0.5% of the outstanding shares of capital stock on such
     date, or (C) an amount determined by the Board.

     (b)  If the total number of shares that would otherwise be subject to
Purchase Rights granted on an Offering Date exceeds the number of shares then
available under this Plan (after deduction of all shares for which Purchase
Rights have been exercised or are then exercisable), the Administrator shall
make a pro-rata allocation of the available shares in a manner that it
determines to be as uniform and equitable as practicable.  In such event, the
Administrator shall give written notice of the reduction and allocation to each
Participant.

     (c)  The Administrator may, in its discretion, transfer shares reserved for
issuance under this Plan into a plan or plans of similar terms, as approved by
the Board, providing for the purchase of shares of Common Stock to employees of
Subsidiaries designated by the Board that do not (or do not thereafter)
participate in this Plan.  Such additional plans may, without limitation,
provide for variances from the terms of this Plan to take into account special
circumstances (such as foreign legal restrictions) affecting the employees of
the designated Subsidiaries.

     13.  Administration.
          --------------

     This Plan shall be administered by the Board or by such directors,
officers, and employees of the Company as the Board may select from time to time
(the "Administrator").  All costs and expenses incurred in administering this
Plan shall be paid by the Company, provided that any taxes applicable to an
Employee's participation in this Plan may be charged to the Employee by the
Company.  The Administrator may make such rules and regulations as it deems
necessary to administer this Plan and to interpret any provision of this Plan.
Any determination, decision, or action of the Administrator in connection with
the construction, interpretation, administration, or application of this Plan or
any right granted under this Plan shall be final, conclusive, and binding upon
all persons, and no member of the Administrator shall be liable for any such
determination, decision, or action made in good faith.

     14.  Designation of Beneficiary.
          --------------------------

     (a)  A Participant may file a written designation of a beneficiary who is
to receive any shares and cash, if any, from the Participant's account under
this Plan in the event of the Participant's death.

     (b)  A designation of beneficiary may be changed by the Participant at any
time by written notice.  In the event of the death of a Participant, and in the
absence of a beneficiary validly designated under this Plan who is living at the
time of the Participant's death, the

                                       5
<PAGE>

Administrator shall deliver such shares and/or cash to the executor or
administrator of the Participant's estate, or if no such executor or
administrator has been appointed (to the Administrator's knowledge), the
Administrator, in its discretion, may deliver such shares and/or cash to the
spouse or to any one or more dependents or relatives of the Participant or, if
no spouse, dependent, or relative is known to the Administrator, then to such
other person as the Administrator may designate.

     15. Transferability.
         ---------------

     Neither Payroll deductions credited to a Participant's account nor any
rights with regard to the exercise of a Purchase Right or to receive shares
under this Plan may be assigned, transferred, pledged, or otherwise disposed of
in any way (other than by will, the laws of descent and distribution, or as
provided in Section 14) by the Participant.  Any such attempt at assignment,
transfer, pledge, or other disposition shall be without effect, except that the
Administrator may treat such act as an election to withdraw funds in accordance
with Section 10.

     16.  Reports.
          -------

     Individual accounts will be maintained for each Participant in this Plan.
Statements of account will be given to participating Employees promptly
following each Purchase Date, setting forth the amounts of Payroll deductions,
per-share purchase price, number of shares purchased, and remaining cash
balance, if any.

     17.  Adjustments upon Changes in Capitalization.
          ------------------------------------------

     (a)  Subject to any required action by the stockholders of the Company, the
number of shares of Common Stock covered by each unexercised Purchase Right and
the number of shares of Common Stock authorized for issuance under this Plan but
not yet been placed under a Purchase Right (collectively, the "Reserves"), as
well as the price per share of Common Stock covered by each unexercised Purchase
Right, shall be proportionately adjusted for any change in the number of issued
shares of Common Stock resulting from a stock split, reverse stock split, stock
dividend, combination or reclassification of the Common Stock, or any change in
the number of shares of Common Stock effected without receipt of consideration
by the Company (not counting shares issued upon conversion of convertible
securities of the Company as "effected without receipt of consideration"). Such
adjustment shall made by the Board and shall be final, binding, and conclusive.
Except as expressly provided herein, no issue by the Company of shares of stock
of any class, or securities convertible into shares of stock of any class, shall
affect, and no consequent adjustment shall be made with respect to, the number
or price of shares of Common Stock subject to a Purchase Right.

     (b)  In the event of the proposed dissolution or liquidation of the
Company, the then-current Offering Period will terminate immediately before the
consummation of the proposed action, unless otherwise provided by the Board.  In
the event of a proposed sale of all or substantially all of the Company's
assets, or the merger of the Company with or into another corporation (if the
Company's stockholders own less than 50% of the total outstanding voting power
in the surviving entity or a parent of the surviving entity after the merger),
each Purchase

                                       6
<PAGE>

Right under this Plan shall be assumed or an equivalent purchase
right shall be substituted by the successor corporation or a parent or
subsidiary of the successor corporation, unless the successor corporation does
not agree to assume the Purchase Rights or to substitute equivalent purchase
rights, in which case the Board may, in lieu of such assumption or substitution,
accelerate the exercisability of Purchase Rights and allow Purchase Rights to be
exercisable as to shares as to which they would not otherwise be exercisable, on
terms and for a period that the Board determines in its discretion.  To the
extent that the Board accelerates exercisability of  Purchase Rights as
described above, it shall promptly so notify all Participants in writing.

     (c)  The Board may, in its discretion, also make provision for adjusting
the Reserves, as well as the price per share of Common Stock covered by each
outstanding Purchase Right, if the Company effects one or more reorganizations,
recapitalizations, rights offerings, or other increases or reductions of shares
of its outstanding Common Stock, or if the Company consolidates with or merges
into any other corporation, in a transaction not otherwise covered by this
Section 17.

     18.  Amendment or Termination.
          ------------------------

     (a)  The Board may at any time terminate or amend this Plan.  No amendment
may be made without prior approval of the stockholders of the Company (obtained
in the manner described in Section 20) if it would increase the number of shares
that may be issued under this Plan.

     (b)  The Board may elect to terminate any or all outstanding Purchase
Rights at any time, except to the extent that exercisability of such Purchase
Rights has been accelerated pursuant to Section 17(b).  If this Plan is
terminated, the Board may also elect to terminate Purchase Rights upon
completion of the purchase of shares on the next Purchase Date or to permit
Purchase Rights to expire in accordance with their terms (with participation to
continue through such expiration dates).  If Purchase Rights are terminated
before expiration, any funds contributed to this Plan that have not been used to
purchase shares shall be refunded to Participants as soon as administratively
feasible.

     19.  Notices.
          -------

     All notices or other communications by a Participant to the Company or the
Administrator under or in connection with this Plan shall be deemed to have been
duly given when received in the form specified by the Administrator at the
location, or by the person, designated by the Administrator for that purpose.

     20.  Stockholder Approval.
          --------------------

     This Plan shall be submitted to the stockholders of the Company for their
approval within 12 months after the date this Plan is adopted by the Board.

     21.  Conditions upon Issuance of Shares.
          ----------------------------------

                                       7
<PAGE>

     (a)  Shares shall not be issued with respect to a Purchase Right unless the
exercise of such Purchase Right and the issuance and delivery of such shares
pursuant thereto complies with all applicable provisions of law, domestic or
foreign, including, without limitation, the Securities Act of 1933, as amended,
the Securities Exchange Act of 1934, as amended, 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.

     (b)  As a condition to the exercise of a Purchase Right, the Company may
require the person exercising such Purchase Right to represent and warrant at
the time of any such exercise 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 is required
by any of the aforementioned applicable provisions of law.

     22.  Term of Plan.
          ------------

     This Plan shall become effective upon the earlier of its adoption by the
Board or its approval by the stockholders of the Company as described in Section
20.  It shall continue in effect for a term of 20 years unless sooner terminated
under Section 18.

     23.  Glossary.  The following definitions apply for purposes of this Plan:
          --------

     (a)  "Administrator" means the Board or the persons appointed by the Board
           -------------
to administer this Plan pursuant to Section 13.

     (b)  "Board" means the Board of Directors of the Company.
           -----

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

     (d)  "Common Stock" means the Common Stock of the Company.
           ------------

     (e)  "Company" means PayMap Inc., a Delaware corporation.
           -------

     (f)  "Continuous Employment" means  the absence of any interruption or
           ---------------------
termination of service as an Employee.  Continuous Employment shall not be
considered interrupted in the case of a leave of absence agreed to in writing by
the Company, provided that either (i) the leave does not exceed 90 days or (ii)
re-employment upon expiration of the leave is guaranteed by contract or statute.

     (g)  "Designated Subsidiaries" means the Subsidiaries that have been
           -----------------------
designated by the Board from time to time in its sole discretion to participate
in this Plan.

     (h)  "Employee" means any person, including an officer, who is customarily
           --------
employed for at least 20 hours per week and five months per year by the Company
or one of its Designated Subsidiaries.  Whether an individual qualifies as an
Employee shall be determined by the

                                       8
<PAGE>

Administrator, in its sole discretion, by reference to Section 3401(c) of the
Code and the regulations promulgated thereunder; unless the Administrator makes
a contrary determination, the Employees of the Company shall, for all purposes
of this Plan, be those individuals who satisfy the customary employment criteria
set forth above and are carried as employees by the Company or a Designated
Subsidiary for regular payroll purposes.

     (i)  "Offering Date" means the first business day of an Offering Period.
           -------------

     (k)  "Offering Period" means a period established by the Administrator
           ---------------
pursuant to Section 4 during which Payroll deductions are accumulated from
Participants and applied to the purchase of Common Stock.

     (l)  "Participant" means an Employee who has elected to participate in this
           -----------
Plan pursuant to Section 5.

     (m)  "Payroll" means all regular, straight-time gross earnings, exclusive
           -------
of payments for overtime, shift premium, incentive compensation or payments,
bonuses, and commissions.

     (m)  "Plan" means this Paymap Inc. 2000 Employee Stock Purchase Plan.
           ----

     (n)  "Purchase Date" means such business days during each Offering Period
           -------------
as may be established by the Administrator for the purchase of Common Stock
pursuant to Section 8.

     (o)  "Purchase Right" means a right to purchase Common Stock granted
           --------------
pursuant to Section 7.

     (p)  "Subsidiary" means, from time to time, any corporation, domestic or
           ----------
foreign, of which not less than 50% of the voting shares are held by the Company
or another Subsidiary of the Company.

                                       9

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