Document:

EXHIBIT 4.4

                       e-Glue SOFTWARE TECHNOLOGIES, INC.

                             2004 STOCK OPTION PLAN

1.   PURPOSE

     The purpose of this e-Glue  Software  Technologies,  Inc. 2004 Stock Option
Plan (the "PLAN") is to encourage  employees,  directors  and other  individuals
(whether or not employees) who render services to e-Glue Software  Technologies,
Inc. (the "COMPANY") and its Subsidiaries as hereinafter  defined),  to continue
their   association   with  the  Company  and  its   Subsidiaries  by  providing
opportunities for them to participate in the ownership of the Company and in its
future  growth  through the granting of options to acquire the  Company's  stock
("OPTIONS")  and stock to be transferred  subject to  restrictions  ("RESTRICTED
STOCK").  The term "SUBSIDIARY" as used in the Plan means a corporation or other
business  entity of which the Company owns,  directly or  indirectly  through an
unbroken  chain of ownership,  fifty percent (50%) or more of the total combined
voting  power of all classes of stock,  in the case of a  corporation,  or fifty
percent (50%) or more of the total combined  interests by value,  in the case of
any other type of business entity.

2.   ADMINISTRATION OF THE PLAN

     (a) The Plan shall be administered by the Board of Directors of the Company
(the  "BOARD").  The Board shall from time to time  determine to whom Options or
Restricted  Stock shall be granted under the Plan,  whether  Options granted are
intended to be incentive stock options  ("ISOS") or  nonqualified  stock options
("NSOS"),  the terms of the Options and the number of shares of Common Stock (as
hereinafter defined) that may be granted under Options, and the terms and number
of shares of Restricted Stock.

     (b) If the  circumstances  described  in Section 2(d) are  applicable,  the
Board  shall  delegate  to  the   Compensation   Committee  of  the  Board  (the
"COMPENSATION  COMMITTEE") the authority of the Board to make determinations and
to take actions described in this Section 2 and elsewhere in the Plan. The Board
may otherwise delegate to the Compensation  Committee the authority to make such
determinations  and to take such  actions as the Board  shall  determine  in its
discretion.  The  Compensation  Committee  shall  report  to the  Board any such
determinations  made and actions  taken  pursuant to such  delegated  authority.
Should the Board  delegate such  authority to the  Compensation  Committee,  any
reference  in this Plan to the  "Board"  shall  refer  also to the  Compensation
Committee.

     (c) The Board shall have the  authority  to adopt,  amend and rescind  such
rules and regulations as, in its opinion, may be advisable in the administration
of the Plan. All questions of  interpretation  and application of such rules and
regulations  of the Plan and of Options or Restricted  Stock  granted  hereunder
shall be subject to the  determination  of the Board,  which  shall be final and
binding.  The Plan  shall be  administered  in such a manner as to permit  those
Options granted hereunder and specially  designated under Section 5 hereof as an
ISO to qualify as  incentive  stock  options as  described in Section 422 of the
Internal Revenue Code of 1986, as amended (the "CODE").

<PAGE>

     (d) If at any time Section 16 of the  Securities  Exchange Act of 1934,  as
amended from time to time (the  "EXCHANGE  ACT"),  is applicable to the Company,
each member of the Compensation Committee shall be a "non-employee  director" or
the  equivalent  within the  meaning of Rule 16b-3 under the  Exchange  Act and,
during any period that Section  162(m) of the Code is applicable to the Company,
an  "outside  director"  within the  meaning of Section  162 of the Code and the
regulations  thereunder.  With  respect to persons  subject to Section 16 of the
Exchange Act  ("INSIDERS"),  transactions  under the Plan are intended to comply
with all applicable conditions of Rule 16b-3 or its successor under the Exchange
Act.  To the  extent  any  provision  of the  Plan or  action  by the  Board  or
Compensation  Committee fails to so comply, it shall be deemed to be modified so
as to be in compliance with such Rule or, if such  modification is not possible,
it shall be deemed  to be null and  void,  to the  extent  permitted  by law and
deemed advisable by the Board or Compensation Committee.

3.   STOCK SUBJECT TO THE PLAN

     The total  number of shares of  capital  stock of the  Company  that may be
subject to Options and Restricted Stock grants under the Plan shall be 1,354,394
shares of the  Company's  Common  Stock,  $.001 par value per share (the "COMMON
STOCK"),  from either  authorized but unissued  shares or treasury  shares.  The
number of shares  stated in this  Section 3 shall be  subject to  adjustment  in
accordance  with the  provisions of Section 9. Shares of  Restricted  Stock that
fail to vest and shares of Common  Stock  subject to an Option that is not fully
exercised  prior to its  expiration  or other  termination  shall  again  become
available for grant under the terms of the Plan.

4.   ELIGIBILITY

     The  individuals  who  shall be  eligible  to  receive  Option  grants  and
Restricted  Stock grants under the Plan shall be employees,  directors and other
individuals who render  services to the management,  operation or development of
the  Company or a  Subsidiary  and who have  contributed  or may be  expected to
contribute to the success of the Company or a  Subsidiary.  In  determining  the
suitability of an individual to be granted an option,  as well as in determining
the number of options to be granted to any individual, the Board shall take into
account the position and  responsibilities  of the individual being  considered,
the nature and value to the  Company or its  subsidiaries  of his or her service
and  accomplishments,  his or her  present  and  potential  contribution  to the
success of the Company or its subsidiaries,  and such other factors as the Board
may deem  relevant.  ISOs shall not be granted to any  individual  who is not an
employee of the Company or a Subsidiary  that is a  corporation  for federal tax
purposes.  The term "Optionee," as used in the Plan, refers to any individual to
whom an Option has been granted.

5.   TERMS AND CONDITIONS OF OPTIONS

     Every Option shall be evidenced by a written Stock Option Agreement in such
form as the Board  shall  approve  from time to time,  specifying  the number of
shares of Common Stock that may be purchased pursuant to the Option, the time or
times at which the Option shall become  exercisable in whole or in part, whether
the  Option  is  intended  to be an ISO or an  NSO  and  such  other  terms  and
conditions  as the Board shall  approve,  and  containing  or  incorporating  by
reference the following terms and conditions.

                                     - 2 -

<PAGE>

     (a)  DURATION.  Each Option  shall expire ten years from its date of grant,
PROVIDED,  HOWEVER,  that no ISO granted to an employee  who owns  (directly  or
under the attribution rules of Section 424(d) of the Code) stock possessing more
than ten  percent  (10%) of the total  combined  voting  power of all classes of
stock of the Company or any  Subsidiary  shall  expire later than five (5) years
from its date of grant.

     (b) VESTING  SCHEDULE.  Options granted under the Plan will be subject to a
four (4) year  vesting  period,  as follows:  twenty five  percent  (25%) of the
Options  granted to any Optionee shall vest and become  exercisable one (1) year
from  they  day  they  were  granted  to such  Optionee,  with  the  balance  of
seventy-five percent (75%) of the Options,  vesting in equal installments,  on a
quarterly basis over the following three (3) years thereafter,  unless otherwise
specified by the Board or the Compensation Committee.

     (c) EXERCISE  PRICE.  The exercise price of each Option shall be any lawful
consideration,  as specified by the Board in its discretion;  PROVIDED, HOWEVER,
that the  price  shall be at least  100  percent  of the Fair  Market  Value (as
hereinafter  defined)  of the  shares on the date on which the Board  awards the
Option,  which shall be considered  the date of grant of the Option for purposes
of fixing the  price;  and  PROVIDED,  FURTHER,  that the price with  respect to
options  granted to an Optionee who at the time of grant owns (directly or under
the  attribution  rules of Section 424(d) of the Code) stock  representing  more
than ten  percent  (10%) of the  voting  power  of all  classes  of stock of the
Company or of any  Subsidiary  shall be at least 110  percent of the Fair Market
Value of the shares on the date of grant of such  options.  Notwithstanding  the
above, the Board may resolve to grant Options to non US employees at an exercise
price less than the Fair Market Value of the shares on the date of grant of such
options.  For  purposes  of the  Plan,  except  as may be  otherwise  explicitly
provided in the Plan or in any Stock Option  Agreement,  the "Fair Market Value"
of a share of Common Stock at any particular date shall be determined  according
to the  following  rules:  (i) if the Common  Stock is not at the time listed or
admitted to trading on a stock  exchange or the Nasdaq  Stock  Market,  the Fair
Market  Value  shall be the  closing  price of the  Common  Stock on the date in
question  in the  over-the-counter  market,  as  such  price  is  reported  in a
publication of general circulation selected by the Board and regularly reporting
the price of the Common  Stock in such  market,  including  any  market  that is
outside of the United States; PROVIDED, HOWEVER, that if the price of the Common
Stock is not so  reported,  the Fair Market  Value shall be  determined  in good
faith by the Board, which may take into consideration (1) the price paid for the
Common Stock in the most recent trade of a substantial number of shares known to
the Board to have  occurred at arm's length  between  willing and  knowledgeable
investors,  (2) an appraisal by an independent  party or (3) any other method of
valuation  undertaken in good faith by the Board, or some or all of the above as
the Board shall in its discretion  elect;  or (ii) if the Common Stock is at the
time listed or admitted to trading on any stock  exchange,  including any market
that is outside of the United States, or the Nasdaq Stock Market,  then the Fair
Market  Value shall be the mean  between the lowest and  highest  reported  sale
prices (or the highest  reported bid price and the lowest  reported asked price)
of the Common  Stock on the date in  question on the  principal  exchange or the
Nasdaq  Stock  Market,  as the case may be,  on which the  Common  Stock is then
listed or admitted to trading.  If no reported  sale of Common Stock takes place
on the date in question on the principal exchange or the Nasdaq Stock Market, as
the case may be, then the most recent  previous  reported  closing sale price of
the Common  Stock (or, in the Board's  discretion,  the reported  closing  asked
price) of the Common Stock on such date on the principal  exchange or the Nasdaq
Stock Market, as the case may be, shall be determinative of Fair Market Value.

                                     - 3 -

<PAGE>

     (d) METHOD OF EXERCISE.

          (i) To the extent  that it has become  exercisable  under the terms of
     the Stock Option Agreement, an Option may be exercised from time to time by
     notice  acceptable to the Chief  Financial  Officer of the Company,  or his
     delegate,  stating the number of shares with respect to which the Option is
     being exercised and accompanied by payment of the exercise price in cash or
     check  payable  to the  Company,  or,  if the  Stock  Option  Agreement  so
     provides,  other payment or deemed payment  described in this Section 5(d),
     or by means of a "cashless exercise" as described in Section 5(d)(ii). Such
     notice shall be delivered in person to the Chief  Financial  Officer of the
     Company,  or his  delegate,  or shall be sent by  registered  mail,  return
     receipt  requested,  to the Chief Executive Officer of the Company,  or his
     delegate,  in which  case  delivery  shall be deemed  made on the date such
     notice is deposited in the mail.

          (ii) If permitted under  applicable  securities laws, an Option may be
     exercised  by means of a "cashless  exercise"  procedure  in which a broker
     reasonably  acceptable to the Company (a)  transmits the exercise  price to
     the Company in cash or acceptable cash equivalents,  either (i) against the
     Optionee's  notice of exercise and the Company's  confirmation that it will
     deliver to the broker stock  certificates  issued in the name of the broker
     for at least that number of shares  having a fair market value equal to the
     exercise  price,  or (ii) as the proceeds of a margin loan to the Optionee;
     or (b)  agrees  to pay  the  exercise  price  to the  Company  in  cash  or
     acceptable cash  equivalents  upon the broker's receipt from the Company of
     stock  certificates  issued  in the name of the  broker  for at least  that
     number of shares  having a fair market value equal to the  exercise  price.
     The  Optionee's  notice of  exercise  of an Option  pursuant to a "cashless
     exercise"  procedure  must  include  the name  and  address  of the  broker
     involved, a clear description of the procedure,  and such other information
     or undertaking by the broker as the Company shall reasonably require.

          (iii) Within ten days after the time specified in an Optionee's notice
     of  exercise,  the Company  shall,  without  issue or  transfer  tax to the
     Optionee,  deliver to him at the main office of the Company,  or such other
     place as shall be mutually  acceptable,  a stock certificate for the shares
     as to which his Option is exercised. If the Optionee fails to pay for or to
     accept delivery of all or any part of the number of shares specified in his
     notice upon tender of delivery  thereof,  his right to exercise  the Option
     with  respect to those  shares  shall be  terminated,  unless  the  Company
     otherwise agrees.

     (e) EXERCISABILITY. An Option may be exercised so long as it is outstanding
from time to time in whole or in part,  to the extent it is vested,  and subject
to the terms and conditions  that the Board in its discretion may provide in the
Stock Option Agreement, PROVIDED, HOWEVER, that any partial exercise must be for
a minimum of ten (10) shares of Common Stock.  Such terms and  conditions  shall
include provisions for exercise within twelve (12) months after his or her death
or  disability  (within the meaning of Section  22(e)(3)) of the Code,  PROVIDED
that no Option shall be exercisable after the expiration of the period described
in paragraph  (a) above.  Except as the Board in its  discretion  may  otherwise
provide in the Stock Option  Agreement,  an Option shall cease to be exercisable
upon the  expiration  of three  (3)  months  following  the  termination  of the
Optionee's  employment  with, or his other provision of services to, the Company
or a Subsidiary, subject to paragraph (a) above and Section 9 hereof.

                                     - 4 -

<PAGE>

     (f) NOTICE OF ISO STOCK  DISPOSITION.  The Optionee must notify the Company
promptly in the event that he sells, transfers,  exchanges or otherwise disposes
of any shares of Common Stock issued upon exercise of an ISO before the later of
(i) the  second  anniversary  of the date of grant of the ISO and (ii) the first
anniversary of the date the shares were issued upon his exercise of the ISO.

     (g) NO  RIGHTS  AS  STOCKHOLDER.  An  Optionee  shall  have no  rights as a
stockholder  with  respect to any shares  covered by an Option until the date of
issuance of a stock  certificate to him for the shares.  No adjustment  shall be
made for dividends or other rights for which the record date is earlier than the
date the stock  certificate  is issued,  other  than as  required  or  permitted
pursuant to Section 8.

     (h)  TRANSFERABILITY  OF OPTIONS.  Options shall not be transferable by the
Optionee  otherwise than by will or under the laws of descent and  distribution,
and shall be exercisable during his or her lifetime only by the Optionee, except
that the Board may specify in a Stock Option  Agreement  that pertains to an NSO
that the Optionee may transfer such NSO to a member of the  Immediate  Family of
the  Optionee,  to a  trust  solely  for the  benefit  of the  Optionee  and the
Optionee's  Immediate  Family,  or to a partnership or limited liability company
whose only  partners or members are the Optionee  and members of the  Optionee's
Immediate Family.  "Immediate  Family" shall mean, with respect to any Optionee,
such Optionee's child,  stepchild,  spouse,  son-in-law or daughter-in-law,  and
shall include adoptive relationships.

6.   RESTRICTED STOCK

     (a) The Board may grant or award shares of  Restricted  Stock in respect of
such number of shares of Common Stock,  and subject to such terms or conditions,
as the Board shall determine and specify in a Restricted  Stock  Agreement,  and
may provide in a Stock  Option  Agreement  for an Option to be  exercisable  for
Restricted Stock.

     (b) A  holder  of  Restricted  Stock  shall  have  all of the  rights  of a
stockholder of the Company, including the right to vote the shares and the right
to receive  any cash  dividends,  unless the Board  shall  otherwise  determine.
Certificates  representing  Restricted Stock shall be imprinted with a legend to
the effect that the shares represented may not be sold, exchanged,  transferred,
pledged,  hypothecated  or otherwise  disposed of except in accordance  with the
terms of the Restricted  Stock  Agreement  and, if the Board so determines,  the
holder  may  be  required  to  deposit  the  certificates  with  the  President,
Treasurer,  Secretary  or other  officer of the Company or with an escrow  agent
designated  by the Board,  together  with a stock power or other  instrument  of
transfer appropriately endorsed in blank.

7.   METHOD OF GRANTING OPTIONS AND RESTRICTED STOCK

     The grant of Options  and  Restricted  Stock shall be made by action of the
Board at a meeting at which a quorum of its members is present,  or by unanimous
written consent of all its members, PROVIDED,  HOWEVER, that if an individual to
whom a grant has been made  fails to  execute  and  deliver to the Board a Stock
Option  Agreement or Restricted Stock Agreement within thirty (30) days after it
is submitted to him, the Option or Restricted Stock under the agreement shall be
voidable by the Company at its election, without further notice to the grantee.

                                     - 5 -

<PAGE>

8.   REQUIREMENTS OF LAW

     The Company shall not be required to transfer  Restricted  Stock or to sell
or issue any shares  upon the  exercise  of any Option if the  issuance  of such
shares  will  result  in a  violation  by the  Optionee  or the  Company  of any
provisions  of any law,  statute or regulation  of any  governmental  authority.
Specifically,  in connection  with the  Securities  Act of 1933, as amended from
time to time (the  "SECURITIES  ACT"),  upon the transfer of Restricted Stock or
the  exercise of any Option,  the Company  shall not be required to issue shares
unless the Board has received evidence satisfactory to it to the effect that the
holder of the  Restricted  Stock or the Option  will not  transfer  such  shares
except  pursuant to a registration  statement in effect under the Securities Act
or unless an opinion of counsel satisfactory to the Company has been received by
the Company to the effect that  registration is not required.  Any determination
in this  connection by the Board shall be  conclusive.  The Company shall not be
obligated to take any other affirmative action in order to cause the transfer of
Restricted  Stock  or the  exercise  of an  Option  to  comply  with  any law or
regulations of any governmental authority,  including,  without limitation,  the
Securities Act or applicable state securities laws.

9.   CHANGES IN CAPITAL STRUCTURE

     (a) In the event that the outstanding  shares of Common Stock are hereafter
exchanged  for a different  number or kind of shares or other  securities of the
Company,  by reason of a reorganization,  recapitalization,  exchange of shares,
stock  split,  combination  of shares  or  dividend  payable  in shares or other
securities,  a corresponding adjustment shall be made by the Board in the number
and kind of shares or other  securities  covered by outstanding  Options and for
which Options may be granted under the Plan. Any such  adjustment in outstanding
Options  shall be made  without  change in the  total  price  applicable  to the
unexercised  portion of the Option,  but the price per share  specified  in each
Stock Option Agreement shall be  correspondingly  adjusted,  PROVIDED,  HOWEVER,
that no adjustment  shall be made with respect to an ISO that would constitute a
modification  as defined in Section  424 of the Code  without the consent of the
holder.  Any such  adjustment  made by the Board shall be conclusive and binding
upon all affected persons, including the Company and all Optionees.

     (b) If, while  unexercised  Options remain  outstanding under the Plan, the
Company merges or consolidates with a wholly-owned Subsidiary for the purpose of
reincorporating  itself under the laws of another  jurisdiction,  the  Optionees
will be entitled to acquire shares of common stock of the reincorporated Company
upon the same terms and conditions as were in effect  immediately  prior to such
reincorporation (unless such reincorporation  involves a change in the number of
shares  or the  capitalization  of  the  Company,  in  which  case  proportional
adjustments  shall be made as  provided  above) and the Plan,  unless  otherwise
rescinded by the Board, will remain the Plan of the reincorporated Company.

                                     - 6 -

<PAGE>

     (c) Except as otherwise provided in the preceding paragraph, if the Company
is merged or consolidated with another  corporation,  whether or not the Company
is the surviving  entity,  or if the Company is liquidated or sells or otherwise
disposes  of all or  substantially  all of its  assets to another  entity  while
unexercised Options remain outstanding under the Plan, or if other circumstances
occur  in  which  the  Board  in its  sole  and  absolute  discretion  deems  it
appropriate  for the  provisions  of this  paragraph to apply (in each case,  an
"APPLICABLE EVENT"), then: (i) in the discretion of the Board, each holder of an
outstanding Option shall be entitled, upon exercise of the Option, to receive in
lieu of shares of Common Stock, such stock or other securities or property as he
or she would have received had he exercised the Option  immediately prior to the
Applicable Event; or (ii) the Board may, in its discretion,  waive, generally or
in one or more specific cases,  any limitations  imposed on exercise  (including
without  limitation a change in any existing  vesting  schedule) so that some or
all Options  shall be  exercisable  from and after a date prior to the effective
date of such Applicable  Event, as specified by the Board in its discretion,  or
(iii) the Board may, in its discretion, convert some or all Options into Options
to purchase the stock or other securities of the surviving  corporation pursuant
to such Applicable Event; or (iv) the Board may, in its discretion,  convert the
outstanding and unexercised options to purchase stock or other securities of any
corporation into Options to purchase Common Stock,  whether pursuant to the Plan
or  not,  pursuant  to an  Applicable  Event;  or  (v)  the  Board  may,  in its
discretion,  cancel all outstanding and unexercised  Options as of the effective
date of any  such  Applicable  Event;  PROVIDED,  HOWEVER,  that  notice  of any
cancellation  pursuant  to clause (v) shall be given to each holder of an Option
not less than thirty (30) days preceding the effective  date of such  Applicable
Event;  and PROVIDED,  FURTHER,  that the Board may, in its  discretion,  waive,
generally  or in one or more  specific  instances,  any  limitations  imposed on
exercise  (including a change in any existing vesting  schedule) with respect to
any Option so that such Option  shall be  exercisable  in full or in part during
such thirty (30) day period, as the Board may, in its discretion, determine.

     (d) Except as  expressly  provided to the  contrary in this  Section 9, the
issuance  by the Company of shares of stock of any class for cash or property or
for  services,  either  upon  direct  sale or upon the  exercise  of  rights  or
warrants, or upon conversion of shares or obligations of the Company convertible
into such  shares or other  securities,  shall not affect the  number,  class or
price of shares of Common Stock then subject to outstanding Options.

10.  FORFEITURE FOR DISHONESTY OR TERMINATION FOR CAUSE

     Notwithstanding  any  provision of the Plan to the  contrary,  if the Board
determines, after full consideration of the facts, that:

     (a) the Optionee or holder of  Restricted  Stock has been engaged in fraud,
embezzlement  or theft in the course of his or her  employment by or involvement
with the Company or a  Subsidiary,  has made  unauthorized  disclosure  of trade
secrets or other proprietary  information of the Company or a Subsidiary or of a
third party who has entrusted  such  information to the Company or a Subsidiary,
or has been convicted of a felony or any crime that reflects negatively upon the
Company; or

                                     - 7 -

<PAGE>

     (b) the  Optionee or holder of  Restricted  Stock has violated the terms of
any employment, noncompetition, nonsolicitation,  confidentiality, nondisclosure
or other agreement with the Company to which he is a party; or

     (c) the employment or  involvement  with the Company or a Subsidiary of the
Optionee or holder of Restricted Stock was terminated for "cause," as defined in
any agreement with the Optionee or holder of Restricted  Stock  governing his or
her  relationship  with  the  Company,  or if  there  is no such  agreement,  as
determined by the Board,  which may determine that "cause"  includes among other
matters the willful  failure or refusal of the Optionee or holder of  Restricted
Stock to perform and carry out his or her assigned  duties and  responsibilities
diligently and in a manner satisfactory to the Board;

then the Optionee's  right to exercise an Option shall  terminate as of the date
of such  act (in the  case of (a) or (b)) or such  termination  (in the  case of
(c)), the Optionee shall forfeit all  unexercised  Options and the Company shall
have the right to  repurchase  all or any part of the  shares  of  Common  Stock
acquired  by the  Optionee  upon any  previous  exercise  of any  Option  or any
previous  acquisition by the holder of Restricted Stock,  whether then vested or
unvested,  at a price  equal to the lower of (x) the amount  paid to the Company
upon such exercise or  acquisition,  or (y) the Fair Market Value of such shares
at the time of repurchase.  If an Optionee  whose  behavior the Company  asserts
falls within the  provisions  of the clauses  above has exercised or attempts to
exercise an Option prior to  consideration of the application of this Section 10
or prior to a decision  of the  Board,  the  Company  shall not be  required  to
recognize  such exercise until the Board has made its decision and, in the event
any  exercise  shall have taken  place,  it shall be of no force and effect (and
shall be void AB INITIO) if the Board makes an adverse determination;  PROVIDED,
HOWEVER, that if the Board finds in favor of the Optionee then the Optionee will
be deemed to have  exercised the Option  retroactively  as of the date he or she
originally gave notice of his or her attempt to exercise or actual exercise,  as
the case may be. The decision of the Board as to the cause of an  Optionee's  or
holder of Restricted  Stock's discharge and the damage done to the Company shall
be final,  binding and  conclusive.  No decision  of the Board,  however,  shall
affect in any manner the finality of the discharge of such Optionee or holder of
Restricted  Stock by the Company.  For purposes of this Section 10, reference to
the Company shall include any Subsidiary.

11.  CERTAIN AGREEMENTS

     Without  limiting  the  foregoing,  the Board may provide in an  Optionee's
     Stock Option Agreement (or in a grantee's  Restricted Stock Agreement) that
     any  exercise  of such  Option  (or  any  grant  of  Restricted  Stock)  is
     conditioned  on the  Optionee's  (or  grantee's)  execution  of one or more
     letter agreements or other documents concerning investment intent, transfer
     restrictions, and such other matters as the Board may deem appropriate.

12.  MISCELLANEOUS

     (a) NO GUARANTEE OF EMPLOYMENT OR OTHER SERVICE  RELATIONSHIP.  Neither the
Plan nor any Stock Option  Agreement or Restricted Stock Agreement shall give an
employee the right to continue in the  employment of the Company or a Subsidiary
or give the Company or a Subsidiary the right to require an employee to continue
in  employment.  Neither the Plan nor any Stock Option  Agreement or  Restricted
Stock  Agreement  shall give a director or other  service  provider the right to
continue to perform services for the Company or a Subsidiary or give the Company
or a  Subsidiary  the right to  require  the  director  or service  provider  to
continue to perform services.

                                     - 8 -

<PAGE>

     (b) TAX  WITHHOLDING.  To the extent  required by law,  the  Company  shall
withhold  or cause to be  withheld  income and other  taxes with  respect to any
income  recognized  by an  Optionee  by reason of the  exercise or vesting of an
Option or Restricted  Stock,  and as a condition to the receipt of any Option or
Restricted  Stock the Optionee  shall agree that if the amount payable to him by
the Company and any  Subsidiary in the ordinary  course is  insufficient  to pay
such taxes,  then he shall upon the request of the Company pay to the Company an
amount sufficient to satisfy its tax withholding obligations.

     Without limiting the foregoing,  the Board may in its discretion permit any
Optionee's  withholding obligation to be paid in whole or in part in the form of
shares  of  Common  Stock by  withholding  from the  shares  to be  issued or by
accepting  delivery  from the Optionee of shares  already owned by him. The Fair
Market Value of the shares for such purposes shall be determined as set forth in
Section 5(b). An Optionee may not make any such payment in the form of shares of
Common  Stock  acquired  upon the  exercise of an ISO until the shares have been
held by him for at least two years  after  the date the ISO was  granted  and at
least one year after the date the ISO was  exercised.  If payment of withholding
taxes is made in whole or in part in shares of Common Stock,  the Optionee shall
deliver to the Company stock  certificates  registered in his name  representing
shares of Common Stock legally and  beneficially  owned by him, fully vested and
free of all liens,  claims and  encumbrances  of every  kind,  duly  endorsed or
accompanied  by stock  powers duly  endorsed by the record  holder of the shares
represented  by such stock  certificates.  If the Optionee is subject to Section
16(a) of the Exchange Act, his ability to pay his withholding  obligation in the
form of shares of Common Stock shall be subject to such additional  restrictions
as may be necessary to avoid any  transaction  that might give rise to liability
under Section 16(b) of the Exchange Act.

     ALL TAX  CONSEQUENCES  UNDER ANY  APPLICABLE  LAW WHICH MAY ARISE  FROM THE
GRANT OF ANY OPTIONS OR RESTRICTED STOCK , OR IN THE CASE OF AN OPTION, FROM ITS
EXERCISE, FROM THE SALE OR DISPOSITION OF THE SHARES OR RESTRICTED STOCK OR FROM
ANY OTHER ACT OF THE OPTIONEE IN CONNECTION  WITH THE  FOREGOING  SHALL BE BORNE
SOLELY BY THE OPTIONEE,  AND THE OPTIONEE SHALL  INDEMNIFY THE COMPANY AND SHALL
HOLD IT  HARMLESS  AGAINST AND FROM ANY  LIABILITY  FOR ANY SUCH TAX OR PENALTY,
INTEREST OR INDEXATION THEREON OR THEREUPON

     Each  Optionee  shall  notify the  Company in writing  within ten (10) days
after the date such Optionee first obtains  knowledge of any tax bureau inquiry,
audit,  assertion,  determination,  investigation,  or question  relating in any
manner to the value of Stock or Options granted or received hereunder,  and each
Optionee  agrees  to any  settlement,  closing  or other  similar  agreement  in
connection  with the foregoing.  Upon request,  an Optionee shall provide to the
Company any  information  or document  relating  to any event  described  in the
preceding sentence which the Company (in its sole discretion)  requires in order
to calculate  and  substantiate  any change in the  Company's tax liability as a
result of such event.

                                     - 9 -

<PAGE>

     (c) USE OF  PROCEEDS.  The  proceeds  from the sale of shares  pursuant  to
Options shall constitute general funds of the Company.

     (d)  CONSTRUCTION.  All  masculine  pronouns used in the Plan shall include
both sexes;  the singular  shall  include the plural and the plural the singular
unless the context  otherwise  requires.  The titles of the sections of the Plan
are  included  for  convenience  only and shall not be construed as modifying or
affecting their provisions.

     (e)  GOVERNING  LAW.  The  Plan  shall  be  governed  by and  construed  in
accordance  with  the laws of the  State  of  Delaware,  without  regard  to the
principles of conflict of laws.

13.  EFFECTIVE DATE, DURATION, AMENDMENT AND TERMINATION OF PLAN

     The  Plan  shall  be  effective  as  of  November  __,  2004,   subject  to
ratification  by (a) the  holders of a  majority  of the  outstanding  shares of
capital stock present, or represented, and entitled to vote thereon (voting as a
single class) at a duly held meeting of the  stockholders  of the Company or (b)
by the written consent of the holders of a majority (or such greater  percentage
as may be prescribed under the Company's  charter,  by-laws and applicable state
law) of the capital stock of the Company  entitled to vote thereon  (voting as a
single class),  in either case within twelve months after such date.  Options or
Restricted  Stock that are conditioned  upon the ratification of the Plan by the
stockholders may be granted prior to  ratification.  The Board may grant Options
or Restricted Stock under the Plan from time to time until the close of business
on  November  __,  2014.  The  Board may at any time  amend the Plan;  PROVIDED,
HOWEVER, that without approval of the Company's  stockholders there shall be no:
(a) change in the number of shares of Common  Stock that may be issued under the
Plan,  except by  operation  of the  provisions  of Section 9, either to any one
Optionee  or in the  aggregate;  (b) change in the class of persons  eligible to
receive  Options  or  Restricted  Stock;  or (c)  other  change in the Plan that
requires stockholder approval under applicable law. No amendment shall adversely
affect  outstanding  Options or  Restricted  Stock  without  the  consent of the
Optionee or holder of Restricted  Stock.  The Plan may be terminated at any time
by action of the Board,  but any such  termination will not terminate any Option
or Restricted Stock then outstanding  without the consent of the Optionee or the
holder of such Restricted Stock.

14.  RULES PARTICULAR TO SPECIFIC COUNTRIES

     (a)  NOTWITHSTANDING  anything  herein  to  the  contrary,  the  terms  and
conditions  of the Plan may be  amended  with  respect  to  particular  types of
Optionees as  determined  by the Board (for example - Israeli  employees)  by an
addendum to the Plan (the "APPENDIX").

     (b) THE Company may adopt one or more  Appendixes.  Each Appendix  shall be
approved by the Board and as required or advisable under applicable law.

     (c) THE terms of an Appendix shall govern only with respect to the types of
Optionees specified in such Appendix.

     (d) In the case  that the  terms and  conditions  set forth in an  Appendix
conflict with any  provisions of the Plan,  the provisions of the Appendix shall
govern with respect to Optionees  that are subject to such  Appendix,  provided,
however, that such Appendix shall not be construed to grant the Optionees rights
not consistent with the terms of the Plan, unless specifically  provided in such
Appendix.

                                     - 10 -

<PAGE>

                        [Form of Stock Option Agreement]

 ALL OF THE TERMS OF THIS AGREEMENT AND THE INFORMATION HEREIN ARE CONFIDENTIAL.

     This Stock Option Agreement (this "AGREEMENT") is made as of this day of by
and between e-Glue  Software  Technologies,  Inc., a Delaware  corporation  (the
"COMPANY"), and (the "OPTIONEE").

                                WITNESSETH THAT:

     WHEREAS,  the Company  instituted the "e-Glue Software  Technologies,  Inc.
2004 Stock Option Plan" (the "PLAN"); and

     WHEREAS, the Board of Directors of the Company (the "BOARD") has granted to
the Optionee a stock option upon the terms and subject to the conditions of this
Agreement and of the Plan (which is hereby incorporated herein); and

     WHEREAS,  the Board has  designated  this stock  option [an  incentive  / a
non-qualified] stock option in accordance with the Plan.

     NOW,  THEREFORE,  in consideration of the premises and the mutual covenants
and agreements herein contained, the Company and the Optionee agree as follows:

1.  GRANT.  Subject to the terms and  conditions  hereinafter  set forth and the
terms and conditions of the Plan, the Company (which term shall include,  unless
the context otherwise clearly requires,  all Subsidiaries of the Company) hereby
grants to the Optionee the following  option (the "OPTION") to purchase from the
Company  the number of shares  specified  in  SCHEDULE 1 attached  hereto of the
Common Stock, $.001 par value per share (the "COMMON STOCK"), of the Company.

2. EXERCISE  PRICE AND FURTHER  CONDITIONS.  This Option may be exercised at the
exercise  price per share of Common  Stock  set  forth in  SCHEDULE  1  attached
hereto,  subject to the Vesting  Schedule  set forth in Section 3 herein and the
adjustment  as  provided  herein and in the Plan.  Pursuant to Section 11 of the
Plan,  the  exercise of this Option may also be  conditioned  on the  Optionee's
execution of certain letter  agreements or other documents,  including,  without
limitation, those expressly referred to herein.

3. VESTING  SCHEDULE.  Options  granted under this Agreement will be exercisable
subject to a four (4) year vesting period, as follows: twenty five percent (25%)
of the Options granted to the Optionee shall vest and become exercisable one (1)
year  from they day they were  granted  to the  Optionee,  with the  balance  of
seventy five percent (75%) of the Options,  vesting and becoming  exercisable in
equal  installments,  on a quarterly  basis over the  following  three (3) years
thereafter, unless otherwise approved by the Board as set forth in SCHEDULE 1 to
this Agreement.

<PAGE>

4. TERM AND EXERCISABILITY OF OPTION. This Option shall expire on the expiration
date specified in SCHEDULE 1 attached  hereto and shall be exercisable  prior to
that date in accordance with and subject to the conditions set forth in the Plan
and those  conditions,  if any,  set forth in  SCHEDULE 1 attached  hereto or in
Section 2 hereof. If before this Option has been exercised in full, the Optionee
ceases to be an employee of or provide services for the Company or a Subsidiary,
for any reason other than a termination for a reason  specified in Section 10 of
the Plan,  the Optionee  may  exercise  this Option to the extent that he or she
might have exercised it on the date of termination of his or her employment, but
only during the period ending on the earlier of (a) the date on which the Option
expires in accordance  with  SCHEDULE 1 attached  hereto or (b) three (3) months
after the date of termination of the Optionee's employment with the Company or a
Subsidiary,  or of his  provision  of services  to the Company or a  Subsidiary.
However,  if the Optionee  dies before the date of expiration of this Option and
while in the  employ of or during  the  course of  providing  services,  for the
Company or a Subsidiary  or during the three (3) month  period  described in the
preceding  sentence,  or in the  event of the  retirement  of the  Optionee  for
reasons of disability  (within the meaning of Section  22(e)(3) of the Code) the
Option shall remain  exercisable  until the earlier of its date of expiration in
accordance  with  SCHEDULE 1  attached  hereto or one year from the date of such
death or retirement.  If the Optionee dies before this Option has been exercised
in full, the executor, administrator or personal representative of the estate of
the Optionee may exercise this Option as set forth in the preceding sentence.

5. METHOD OF EXERCISE. To the extent that the right to purchase shares of Common
Stock is exercisable  hereunder,  this Option may be exercised from time to time
(i) by notice  acceptable  to the  Company  substantially  in the form  attached
hereto as  EXHIBIT A stating  the  number of shares  with  respect to which this
Option is being  exercised  and  accompanied  by payment in full of the exercise
price for the number of shares to be delivered by cash or check or (ii) by means
of a "cashless  exercise"  procedure set forth in Section  5(d)(ii) of the Plan.
Any  exercise  of less  than  all the  options  that are  vested  at the time of
exercise must be for a minimum of ten (10) shares.  As soon as practicable after
its receipt of such notice, the Company shall,  without transfer or issue tax to
the Optionee (or other person entitled to exercise this Option),  deliver to the
Optionee (or other person  entitled to exercise this  Option),  at the principal
executive  offices  of the  Company  or such  other  place as shall be  mutually
acceptable,  a  stock  certificate  or  certificates  for  such  shares  out  of
theretofore  authorized but unissued  shares or reacquired  shares of its Common
Stock  as the  Company  may  elect;  PROVIDED,  HOWEVER,  that  the time of such
delivery  may be postponed by the Company for such period as may be required for
it with reasonable diligence to comply with any applicable requirements of law.

6.  NONASSIGNABILITY  OF OPTION  RIGHTS.  This Option shall not be assignable or
transferable  by the  Optionee  except  by will or by the  laws of  descent  and
distribution  and  during  the  life  of the  Optionee,  this  Option  shall  be
exercisable only by him or her.

7.  FORFEITURE  FOR  DISHONESTY OR TERMINATION  FOR CAUSE.  Notwithstanding  any
provision of this Agreement to the contrary, if the Board determines, after full
consideration of the facts, that:

     (a) the Optionee has been  engaged in fraud,  embezzlement  or theft in the
course  of his  or her  employment  by or  involvement  with  the  Company  or a
Subsidiary,   has  made  unauthorized  disclosure  of  trade  secrets  or  other
proprietary  information  of the Company or a Subsidiary or of a third party who
has  entrusted  such  information  to the Company or a  Subsidiary,  or has been
convicted of a felony or any crime that reflects negatively upon the Company; or

                                     - 2 -

<PAGE>

     (b) the Optionee has violated the terms of any employment,  noncompetition,
nonsolicitation,  confidentiality,  nondisclosure  or other  agreement  with the
Company to which he is a party; or

     (c) the employment or  involvement  with the Company or a Subsidiary of the
Optionee  was  terminated  for  "cause,"  as defined in any  agreement  with the
Optionee  governing his or her relationship with the Company,  or if there is no
such  agreement,  as determined by the Board,  which may determine  that "cause"
includes  among other matters the willful  failure or refusal of the Optionee to
perform and carry out his or her assigned duties and responsibilities diligently
and in a manner satisfactory to the Board;

then the Optionee's right to exercise this Option shall terminate as of the date
of such  act (in the  case of (a) or (b)) or such  termination  (in the  case of
(c)), the Optionee shall forfeit the unexercised  portion of this Option and the
Company  shall  have the right to  repurchase  all or any part of the  shares of
Common Stock acquired by the Optionee upon any previous exercise of this Option,
at a price equal to the lower of (x) the amount  paid to the  Company  upon such
exercise, or (y) the Fair Market Value of such shares at the time of repurchase.
If the Company asserts that the Optionee's  behavior falls within the provisions
of the clauses above and the Optionee has exercised or attempts to exercise this
Option prior to consideration of the application of this Section 7 or prior to a
decision of the Board,  the Company  shall not be  required  to  recognize  such
exercise  until the Board has made its  decision  and, in the event any exercise
shall have taken place, it shall be of no force and effect (and shall be void AB
INITIO) if the Board makes an adverse determination;  PROVIDED, HOWEVER, that if
the Board finds in favor of the  Optionee  then the  Optionee  will be deemed to
have  exercised  this Option  retroactively  as of the date he or she originally
gave notice of his or her attempt to  exercise or actual  exercise,  as the case
may be. The  decision of the Board as to the cause of the  Optionee's  discharge
and the damage done to the Company shall be final,  binding and  conclusive.  No
decision of the Board,  however,  shall affect in any manner the finality of the
discharge  of the  Optionee by the  Company.  For  purposes  of this  Section 7,
reference to the Company shall include any Subsidiary.

8.   RIGHT OF FIRST REFUSAL; Drag Along; Right of Repurchase.

     (a) If at any time the Optionee  (which term for purposes of this Section 8
shall mean the Optionee and his executors,  administrators  and any other person
to whom  the  Option  may be  transferred  by will or the  laws of  descent  and
distribution)  desires to sell, assign or otherwise transfer (including by gift)
any of the shares of Common  Stock  acquired  pursuant  to the  exercise of this
Option,  the  Optionee  shall  first  offer such shares to the Company by giving
written  notice of the  Optionee's  desire so to sell,  assign or transfer  such
shares.  The notice  shall state the number of shares  offered,  the name of the
person or persons to whom it is proposed to sell, assign or transfer such shares
and the price (if any) at which such shares are intended to be sold, assigned or
transferred.  Such  notice  shall  constitute  an offer to the  Company  for the
Company to purchase  the number of shares set forth in the notice at a price per
share equal to the price stated  therein or, in the case of a proposed  transfer
without  consideration,  at the  exercise  price per share of this  Option.  The
Company may accept the offer as to all or a part of such shares by notifying the
Optionee  in  writing  within  15  days  after  receipt  of such  notice  of its
acceptance of the offer.  If the Company  accepts the offer in whole or in part,
the Company shall have 30 days  thereafter  within which to purchase the offered
shares that it has elected to  purchase  at a price per share as  aforesaid.  If
within the  applicable  time periods the Optionee does not receive notice of the
Company's intention to purchase the offered shares, or if payment in full of the
purchase price is not tendered by the Company, the offer shall be deemed to have
been  rejected as to any shares not so  purchased  and the Optionee may transfer
title to such Shares as shall not have been so purchased within 90 days from the
date of the Optionee's written notice to the Company of the Optionee's intention
to sell, but such transfer shall be made only to the proposed  transferee and at
the proposed price as stated in such notice and after  compliance with any other
provisions of this Option and any other  agreements  that are  applicable to the
transfer of such Shares. Shares that are so transferred to such transferee shall
continue to be subject to the rights of the Company set forth in this Section 8,
as well as all applicable provisions of the Stock Restriction Agreement.

                                     - 3 -

<PAGE>

     (b) No sale, assignment, pledge or transfer of any of the shares covered by
this Option shall be effective  unless all of the applicable  provisions of this
Section 8 have been duly complied with, and the Company may inscribe on the face
of any  certificate  representing  any of such shares a legend  referring to the
provisions  of this Section 8. If any transfer of shares is made or attempted in
violation  of this  Section  8, or if shares are not  offered to the  Company as
required  this  Section 8, the  Company  shall have the right to  purchase  such
shares  from the  Optionee  or his  transferee  at any time  before or after the
transfer.  In  addition to any other legal or  equitable  remedies  which it may
have, the Company may enforce its rights by actions for specific performance (to
the extent  permitted by law) and may refuse to recognize  any  transferee  as a
stockholder for any purpose,  until all applicable  provisions  hereof have been
complied with.

     (c) Drag-Along.  As a condition to the receipt of any Stock pursuant to the
grant of Options, Optionee hereby irrevocably agrees that his/her Stock shall be
subject to any and all drag-along and/or squeeze-out obligations relating to the
compulsory  transfer of his/her Stock in accordance  with the  provisions of the
Company's Certificate of Incorporation, as may be amended from time to time, and
if no such drag-along  and/or  squeeze-out  obligations are provided for in said
charter documents,  then as such drag-along and/or squeeze-out obligations shall
be provided in the latest  agreement in effect among the Company's  shareholders
to which the  Company  is party  which  agreement  is deemed to be  incorporated
herein by  reference  and the  Optionee  shall be deemed to be a holder of Stock
that is party to such agreement.  The stockholder of the Company and the Company
are entitled to rely on this irrevocable agreement.

     (d)  Right  of  Repurchase.   To  the  extent  provided  in  the  Company's
Certificate of  Incorporation,  as may be amended from time to time, and subject
to applicable  law, the Company  shall have the right to  repurchase  all or any
part of the Stock purchased upon the exercise of this Option,  provided  however
that such repurchase  shall not occur during the six (6) month period  following
the date of the  exercise of the Option,  in  consideration  for the fair market
value of the Stock.  The fair market value of such Stock shall be  determined by
the Board in good faith.

                                     - 4 -

<PAGE>

9. CONFIDENTIALITY.  The Optionee hereby agrees that the entire contents of this
Agreement are confidential at all times, and that the Option's exercisability is
conditioned on his or her compliance with this covenant; PROVIDED, HOWEVER, that
the Optionee  may  disclose the contents of this  Agreement to his or her spouse
and to his or her legal and financial advisors.

10. IRREVOCABLE PROXY UNTIL IPO OR MERGER/SALE.  Notwithstanding anything herein
or in the Plan to the contrary,  and as a material precondition to the Company's
issuance of Options and  Restricted  Stock under the Plan,  the  Optionee  shall
execute  an  irrevocable  proxy  in the  form  attached  hereto  as  EXHIBIT  B,
appointing as the Optionee's  proxy,  any person  designated by the Board or the
Committee  with  power of  delegation.  So long as any such  Stock are held by a
Trustee such Shares shall be voted by the person  designated by the Board or the
Committee, in the same proportion as the result of the total shareholder vote in
the matter  brought to vote.  It is hereby  clarified  the Trustee shall have no
voting rights.  Notwithstanding  the foregoing,  any  irrevocable  proxy granted
pursuant  hereto  shall be of no force or  effect  upon the  earlier  of (i) the
consummation of the Company's  Initial Public Offering or (ii) the  consummation
of a  Merger/Sale,  as such terms are defined in the Plan.  The proxy is to vote
pro-rata to the voting of the other shareholders.

11.  COMPLIANCE  WITH  SECURITIES ACT. (a) The Company shall not be obligated to
sell or issue any shares of Common  Stock or other  securities  pursuant  to the
exercise of this Option  unless the shares of Common  Stock or other  securities
with  respect  to  which  this  Option  is  being  exercised  are at  that  time
effectively  registered or exempt from registration under the Securities Act and
applicable  state securities laws. In the event shares or other securities shall
be issued  that shall not be so  registered,  the  Optionee  hereby  represents,
warrants and agrees that he or she will receive such shares or other  securities
for  investment  and not with a view to their resale or  distribution,  and will
execute an appropriate  investment  letter  satisfactory  to the Company and its
counsel.

(b) NO  REGISTRATION  RIGHTS - The Company may,  but shall not be obligated  to,
register or qualify  the sale of Shares  under the  Securities  Act or any other
applicable  law.  The Company  shall not be  obligated  to take any  affirmative
action in order to cause the sale of Shares under this  Agreement to comply with
any law.

(c) SECURITIES LAW RESTRICTIONS.  Regardless of whether the offering and sale of
Shares under the Plan have been  registered  under the  Securities  Acts or have
been registered or qualified under the securities laws of any state, the Company
at its  discretion  may  impose  restrictions  upon the  sale,  pledge  or other
transfer of such Shares (including the placement of appropriate legends on share
certificates  or  the  imposition  of  stop-transfer  instructions)  if,  in the
judgment of the Company,  such  restrictions are necessary or desirable in order
to achieve  compliance with the Securities Act, the securities laws of any state
or any other law.

                                     - 5 -

<PAGE>

12. MARKET STAND-OFF. In connection with any underwritten public offering by the
Company of its equity securities pursuant to an effective registration statement
filed under the Securities Act, including the Company's initial public offering,
the Optionee  shall not  directly or  indirectly  sell,  make any short sale of,
loan, hypothecate, pledge, offer, grant or sell any Option or other contract for
the  purchase  of,  purchase  any Option or other  contract  for the sale of, or
otherwise  dispose of or  transfer,  or agree to engage in any of the  foregoing
transactions  with respect to, any Shares acquired under this Agreement  without
the prior written consent of the Company or its  underwriters.  Such restriction
(the "Market  Stand-Off")  shall be in effect for such period of time  following
the date of the final  prospectus  for the  offering as may be  requested by the
Company or such underwriters. In no event, however, shall such period exceed 180
days. In the event of the declaration of a stock dividend,  a spin-off,  a stock
split,  an adjustment  in  conversion  ratio,  a  recapitalization  or a similar
transaction  affecting the Company's  outstanding  securities without receipt of
consideration, any new, substituted or additional securities which are by reason
of such transaction  distributed with respect to any Stock subject to the Market
Stand-Off,   or  into  which  such  Stock  thereby  become  convertible,   shall
immediately be subject to the Market  Stand-Off.  In order to enforce the Market
Stand-Off, the Company may impose stop-transfer instructions with respect to the
Shares acquired under this Agreement  until the end of the applicable  stand-off
period.  The Company's  underwriters shall be beneficiaries of the agreement set
forth in this Section 12. This Section 12 shall not apply to Stock registered in
the public offering under the Securities Act.

13. LEGENDS. All certificates  evidencing  Restricted Stock purchased under this
Agreement shall bear the following legends:

     "THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN REGISTERED
     UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR APPLICABLE STATE SECURITIES
     LAWS.  THESE  SECURITIES  HAVE BEEN ACQUIRED FOR  INVESTMENT AND NOT WITH A
     VIEW TO  DISTRIBUTION  OR RESALE,  AND MAY NOT BE SOLD,  OFFERED  FOR SALE,
     PLEDGED OR  HYPOTHECATED,  OR  OTHERWISE  TRANSFERRED  WITHOUT AN EFFECTIVE
     REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE SECURITIES ACT OF 1933
     AND APPLICABLE  STATE  SECURITIES LAWS, OR THE AVAILABILITY OF AN EXEMPTION
     FROM  THE  REGISTRATION  PROVISIONS  OF  THE  SECURITIES  ACT OF  1933  AND
     APPLICABLE STATE SECURITIES LAWS".

     " THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON
     TRANSFER AND MAY NOT BE SOLD, EXCHANGED, TRANSFERRED, OR OTHERWISE DISPOSED
     OF EXCEPT IN ACCORDANCE WITH AND SUBJECT TO ALL THE TERMS AND CONDITIONS OF
     THIS  STOCK  OPTION  AGREEMENT  AMONG THE  CORPORATION  AND  OPTIONEE.  ANY
     TRANSFEREE  RECEIVES  THIS  CERTIFICATE  SUBJECT  TO  THE  WAIVER  OF  SUCH
     RESTRICTIONS."

REMOVAL OF  LEGENDS.  If, in the opinion of the  Company  and its  counsel,  any
legend  placed  on a share  certificate  representing  Shares  sold  under  this
Agreement  is no  longer  required,  the  holder  of such  certificate  shall be
entitled to exchange such  certificate for a certificate  representing  the same
number of Shares but without such legend.

                                     - 6 -

<PAGE>

ADMINISTRATION.  Any  determination by the Company and its counsel in connection
with any of the matters  set forth in this  Section 13 shall be  conclusive  and
binding on the Optionee and all other persons.

14. RIGHTS AS  STOCKHOLDER.  The Optionee  shall have no rights as a stockholder
with respect to any shares of Common Stock or other  securities  covered by this
Option until the date of issuance of a certificate to him or her for such shares
or other  securities.  No adjustment shall be made for dividends or other rights
for which the record date is prior to the date such stock certificate is issued,
except as required or permitted by Section 9 of the Plan.

15.  WITHHOLDING  TAXES.  The  Optionee  hereby  agrees,  as a condition  to any
exercise  of this  Option,  to provide to the  Company an amount  sufficient  to
satisfy  its  obligation  to  withhold  certain  federal,  state and local taxes
arising by reason of such exercise (the  "WITHHOLDING  AMOUNT"),  if any, by (a)
authorizing the Company and/or a Subsidiary to withhold the  Withholding  Amount
from his cash  compensation  or (b)  remitting  the  Withholding  Amount  to the
Company in cash;  PROVIDED,  HOWEVER,  that to the extent  that the  Withholding
Amount is not provided by one or a combination  of such methods,  the Company in
its sole and absolute discretion may refuse to issue such shares of Common Stock
or may withhold from the shares of Common Stock  delivered upon exercise of this
Option  that  number  of  shares  having  a Fair  Market  Value,  on the date of
exercise, sufficient to eliminate any deficiency in the Withholding Amount.

16. NOTICE OF  DISQUALIFYING  DISPOSITION.  If this Option is an incentive stock
option,  the Optionee agrees to notify the Company promptly in the event that he
sells, transfers,  exchanges or otherwise disposes of any shares of Common Stock
issued  upon  exercise  of  the  Option  before  the  later  of (i)  the  second
anniversary of the date of grant of the Option and (ii) the first anniversary of
the date the shares were issued upon his exercise of the Option.

17.  TERMINATION  OR AMENDMENT  OF PLAN.  The Board may in its sole and absolute
discretion at any time terminate or from time to time modify and amend the Plan,
but no such  termination or amendment will affect rights and  obligations  under
this Option, to the extent it is then in effect and unexercised.

18.  EFFECT  UPON  EMPLOYMENT.  Nothing  in this  Option  or the  Plan  shall be
construed to impose any obligation  upon the Company or any Subsidiary to employ
or retain in its employ, or continue its involvement with, the Optionee.

19. TIME FOR  ACCEPTANCE.  Unless the Optionee  shall evidence his acceptance of
this Option by executing  this  Agreement and returning it to the Company within
thirty (30) days after its delivery to him, the Option and this Agreement shall,
in the discretion of the Company, be null and void.

                                     - 7 -

<PAGE>

20. GENERAL PROVISIONS.

     (a) AMENDMENT;  WAIVERS.  This Agreement,  including the Plan, contains the
full and complete  understanding  and agreement of the parties  hereto as to the
subject matter hereof and, except as otherwise permitted by the express terms of
the Plan and this  Agreement,  it may not be modified  or  amended,  nor may any
provision hereof be waived, except by a further written agreement duly signed by
each of the parties;  provided,  HOWEVER,  that a modification or amendment that
does not  adversely  affect the rights of the  Optionee  hereunder,  as they may
exist  immediately  before the effective date of the  modification or amendment,
shall be effective upon written  notice of its  provisions to the Optionee.  The
waiver by either of the parties  hereto of any provision  hereof in any instance
shall not  operate  as a waiver of any  other  provision  hereof or in any other
instance.

     (b) BINDING  EFFECT.  This  Agreement  shall inure to the benefit of and be
binding upon the parties  hereto and, to the extent  provided  herein and in the
Plan,  their  respective  heirs,  executors,  administrators,   representatives,
successors and assigns.

     (c) CONSTRUCTION.  This Agreement is to be construed in accordance with the
terms of the Plan. In case of any conflict  between the Plan and this Agreement,
the Plan  shall  control.  The  titles of the  sections  of this  Agreement  are
included  for  convenience  only and  shall not be  construed  as  modifying  or
affecting their  provisions.  The masculine gender shall include both sexes; the
singular shall include the plural and the plural the singular unless the context
otherwise requires. Capitalized terms not defined herein shall have the meanings
given to them in the Plan.

     (d) GOVERNING  LAW. This  Agreement  shall be governed by and construed and
enforced in accordance  with the applicable laws of the State of Delaware (other
than the law governing  conflict of law questions) except to the extent the laws
of any other jurisdiction are mandatorily applicable.

     (e) NOTICES.  Any notice in connection  with this Agreement shall be deemed
to have been properly  delivered if it is in writing and is delivered by hand or
facsimile or sent by registered mail to the party  addressed as follows,  unless
another address has been substituted by notice so given:

To the Optionee:  To his or her address as listed on the books of the Company

To the Company:                     e-Glue Software Technologies, Inc.
                                    D.N. Hefer 37845, Israel
                                    Attention: Mr. Moshe Avlagon, CFO
                                    Fax:    972-4-6231786

                                    and

with a copy to:            Z.A.G. / S&W LLP
                           1290 Avenue of the Americas, 29th Floor
                           New York, NY 10404, USA
                           Attention: Yair Estline, Esq.

                  [Remainder of page intentionally left blank.]

                                     - 8 -

<PAGE>

     IN WITNESS  WHEREOF,  Optionee has executed this  Agreement and the Company
has  caused  this  Agreement  to be  executed  by  its  officer  thereunto  duly
authorized, all as of the date first set forth above.

e-Glue Software Technologies, Inc.                   ___________________________
                                                     (Signature of Optionee)

By:___________________________
   Title:

                                     - 9 -

<PAGE>
                                           Schedule 1 to Stock Option Agreement

1.   Name of Optionee:

2.   Date of grant of Option:

3.   Number of shares of Common Stock:

4.   Type of Option:  [Incentive/Nonqualified]

5.   Exercise Price (per share):  $

6.   Term:    Subject to Section 3 of the Stock Option Agreement, this
              Option expires at 5:00 p.m. Eastern Time on [date].

7.   Exercisability:     Provided that on the dates set forth below the
                         Optionee is still employed by or providing services
                         to the Company, the Option will become exercisable
                         as follows and as provided in Section 3 of the
                         Stock Option Agreement:

     DATE                NUMBER OF SHARES               CUMULATIVE NUMBER

<PAGE>

                                            Exhibit A to Stock Option Agreement

                       [FORM FOR EXERCISE OF STOCK OPTION]

e-Glue Software Technologies, Inc.
[COMPLETE]

     Re:  Exercise of Option under the e-Glue Software  Technologies,  Inc. 2004
Stock Option Plan

Gentlemen:

     I hereby  elect to exercise  the stock  option  granted to me pursuant  and
subject to the terms and  conditions of the Stock Option  Agreement  between the
Company and me dated as of _______, 200__ (the "OPTION AGREEMENT") by and to the
extent of purchasing _____ shares of Common Stock, $.001 par value per share, of
______ e-Glue Software Technologies, Inc. (the "COMPANY") for the exercise price
of $_____ per share.

     Enclosed  please  find  payment,  in cash or in such other  property  as is
permitted  under the g-Glue Software  Technologies,  Inc. 2004 Stock Option Plan
(the "PLAN"),  of the purchase price for said shares.  IF I AM MAKING PAYMENT OF
ANY PART OF THE  PURCHASE  PRICE BY  DELIVERY  OF SHARES OF COMMON  STOCK OF THE
COMPANY,  I HEREBY CONFIRM THAT I HAVE  INVESTIGATED AND CONSIDERED THE POSSIBLE
INCOME TAX  CONSEQUENCES OF MAKING PAYMENTS IN THAT FORM. I agree to provide the
Company  an amount  sufficient  to  satisfy  the  obligation  of the  Company to
withhold certain taxes, as provided in Section 14 of the Option Agreement.

     Also  enclosed  are  executed  letters   concerning  my  investment  intent
representations.

     I specifically confirm to the Company that the shares shall be held subject
to all of the terms and conditions of the Option Agreement.

                                              Very truly yours,
                                              _________________________________
Date                                          (Signed by the Employee or other
                                               party duly exercising option)

<PAGE>

[Date]

e-Glue Software Technologies, Inc.
[COMPLETE]

Gentlemen:

     In connection  with my acquisition of [Number]  shares of the Common Stock,
$.001 par value per share (the "SHARES"), of e-Glue Software Technologies,  Inc.
(the  "COMPANY"),  from [from the Company at a price of [Amount] per  share/from
[Name of Seller] for a purchase price of [Amount] per  share]/upon  the exercise
of a stock  option  at an  exercise  price  of  [Amount]  per  share],  I hereby
represent to the Company that I am acquiring  the Shares to be purchased  for my
own account for  investment  and not with a view to, or for resale in connection
with, any distribution  thereof or the grant of any participation  therein,  and
that I have no present  intention of distributing  or reselling any thereof,  or
granting  any  participation  therein.  My  acquisition  of the Shares will be a
representation  by me to the Company that I am then  acquiring the Shares for my
own account for investment with no intention of making any distribution thereof.
I represent that I understand  that there is no trading market for shares of the
Company Common Stock,  there is no assurance that such market will ever develop,
and that any routine  resales of the Shares made in reliance upon Rule 144 under
the  Securities  Act of 1933 (the  "ACT"),  if Rule 144 becomes  available  with
respect to shares of the  Company's  Common  Stock,  can be made only in limited
amounts in accordance with the terms and conditions of that Rule, and as long as
Rule 144 is not  available  with  respect to the  Shares,  absent  registration,
compliance  with  Regulation  A under the Act or some  other  exemption  will be
required for any resale.  The Company is under no  obligation  to me to register
the  Shares  under the Act,  to comply  with any  exemption  under the Act or to
furnish me with any  information  necessary  to enable me to sell  shares of the
Company's Common Stock under Rule 144.

     I represent  that I fully  understand  the nature of the risks  involved in
purchasing  the  Shares,  I am  qualified  by  my  own  experience  to  evaluate
investments  of this  type  and I am able to bear  the  economic  risks  of this
investment  which may  include a total loss of the  investment  or  holding  the
shares  indefinitely.  I represent  and warrant that I have  determined  that my
investment  is a suitable one for me to make in light of all the  circumstances,
further  represent  that I have  had the  opportunity  to ask  questions  of and
receive answers from the officers and other  employees of the Company  regarding
the terms and  conditions of this purchase as well as the affairs of the Company
and related  matters and that I have had the  opportunity  to obtain  additional
information necessary to verify the accuracy of the information so obtained.

     I  further  represent  that  I  have  full  authority  to  carry  out  this
transaction without the consent of any other person.

                                              _________________________________
                                              [Name]

<PAGE>

                       Exhibit B to Stock Option Agreement

                        E-GLUE SOFTWARE TECHNOLOGIES INC,

                                IRREVOCABLE PROXY

The undersigned holder, being an employee of e-Glue Software Technologies,  Inc.
(the "COMPANY"), a Delaware corporation,  or a subsidiary thereof, who holds (or
will hold,  after  exercising  options to purchase the  Company's  Common Stock)
Common  Stock of the Company  (the  "SHARES"),  hereby  appoints  the  Company's
Secretary (or another person, in the Company's  discretion) (the "PROXY HOLDER")
as my proxy to vote for me and on my  behalf  at  shareholders  meetings  of the
Company with respect to the Shares.  The Proxy Holder is hereby  appointed as my
true and lawful proxy and attorney-in-fact,  with full power of substitution and
revocation,  to attend meetings of the shareholders of the Company to be held at
any time, or any continuation or adjournment  thereof, to vote or take action by
written  consent with respect to the Shares,  on all matters as the Proxy Holder
shall determine in its discretion,  including, without limitation,  shareholders
meetings,  shareholders actions by written consent and waivers. In addition, the
undersigned  hereby  appoints  the Proxy  Holder as my true and lawful proxy and
attorney-in-fact,  with full power of  substitution,  to receive  all notices to
which I am  entitled  to by  virtue  of  contract  or the  Company's  By Laws or
Certificate of Incorporation.  Furthermore,  the undersigned hereby appoints the
Proxy Holder as my exclusive  true and lawful proxy and  attorney-in-fact,  with
full power of  substitution,  to request  from the  Company  and to receive  all
information or documentation  which I am entitled to by virtue of contract,  the
Company's By Laws or  Certificate  of  Incorporation  or applicable  law, as the
Proxy Holder shall deem fit in its discretion.

This Proxy is  irrevocable,  for an  indefinite  time,  or until another date as
determined by the Company's Compensation Committee or Board. Notwithstanding the
foregoing,  this Proxy shall terminate automatically upon the consummation of an
initial public offering of the Company's Common Stock.  The undersigned  further
agrees that this proxy is coupled with an interest.

In the case that the  Shares  shall be held for my  benefit  by a  trustee  (the
"TRUSTEE"),  then this Proxy shall act as irrevocable instructions in writing to
the Trustee,  so the Trustee  shall perform all of the above with respect to the
Shares.

This Irrevocable Proxy shall be governed by and construed in accordance with the
laws of the State of Israel, without regard to its conflict of laws principles.

This Irrevocable Proxy is effective as of ______, 200_.

______________________________________________
                  SIGNATURE
Name: __________________________________
Date:

                                                     ACKNOWLEDGED AND AGREED TO:

                                                     Proxy Holder:
                                                     ____________

<PAGE>

            E-GLUE SOFTWARE TECHNOLOGIES, INC. 2004 STOCK OPTION PLAN

                               APPENDIX A - ISRAEL

1.   PURPOSE OF THE APPENDIX

     1.1. This Appendix (the "APPENDIX") is made as part of the Plan (as defined
          herein.  All terms not otherwise defined herein shall have the meaning
          ascribed  to them in the  Plan.) and  pursuant  to the  provisions  of
          Section  102 of the  Israeli  Income Tax  Ordinance  as amended  under
          Amendment number 132 and thereafter (both as defined herein).

     1.2. This Appendix governs grants of Options to Israeli  employees,  either
          by a  Trustee,  or without a Trustee  or to  Israeli  consultants  and
          service providers.

2.   DEFINITIONS

     As used herein, the following definitions shall apply:

     2.1. "CAPITAL GAIN METHOD" means the capital gain method under Section 102.

     2.2. "ELIGIBLE  PARTICIPANT"  means any employee as such term is defined in
          Section  102.   Without   derogating   from  the  foregoing   Eligible
          Participant  shall include any employee or Office Holder (as such term
          is defined in the Israeli  Companies  Law, 5759 - 1999) of the Company
          or any Subsidiary except for such persons that are deemed to be `BA'AL
          SHLITA'  ("Controlling  Person")  under  Section  32 to the Income Tax
          Ordinance.

     2.3. "INCOME TAX AUTHORITIES" means the Israeli income tax authorities that
          are  authorized  to give  approvals  in relation to this  Appendix and
          grant of Options to Eligible Participants.

     2.4. "INCOME  TAX  ORDINANCE"  - the  Israeli  Income  Tax  Ordinance  (New
          Version) 1961, as amended from time to time.

     2.5. "LABOR INCOME METHOD" means the labor income method under Section 102.

     2.6. "OPTIONEE"  means any Eligible  Participant or Service Provider who is
          granted Options.

     2.7. "PLAN" means the e-Glue Software Technologies,  Inc. 2004 Stock Option
          Plan this Appendix is attached to.

     2.8. "REALIZATION  EVENT" means,  with respect to each Option  granted to a
          certain  Optionee,  the  earlier  to occur  of:  (I) the  transfer  of
          Securities  from the  Trustee  to such  Optionee;  or (II) the sale of
          Shares by the  Trustee;  or (III) one day before  such  Optionee is no
          longer an Israeli  resident  (as  provided  for in Section 100A of the
          Income Tax Ordinance).

<PAGE>

     2.9. "RELEASE TERM" means, in the case of the Capital Gain Method, a period
          ending  twenty  four  (24)  months  after the end of the year in which
          certain  Options  were  granted to the  Trustee  for the  benefit of a
          certain  Optionee.  In the case of the Labor  Income  Method  `Release
          Term' shall mean a period  ending  twelve (12) months after the end of
          the year in which certain  Options were granted to the Trustee for the
          benefit of the Optionee.

     2.10. "SECTION  102"  means  Section  102 to the Income  Tax  Ordinance  as
          amended under Amendment  number 132 to the Income Tax Ordinance and as
          further  amended  from time to time,  and / or as  superseded  and any
          rules  regulations or  instructions  promulgated or enacted under such
          Section 102.

     2.11. "SECURITIES" shall mean Options or Restricted Stock.

     2.12. "SERVICE  PROVIDER"  means a person or entity  who is  engaged by the
          Company  or  any  Subsidiary  to  render  services  (e.g,   consulting
          services, advisory services,  development services, marketing and sale
          services or any other services, including suppliers) to the Company or
          to such Subsidiary, but not including capital raising services.

     2.13. "TAX  METHOD"  means  either the  Capital  Gains  Method or the Labor
          Income Method.

     2.14. "TRUST" means a trust,  maintained under the Trust Agreement  entered
          into between the Company and the Trustee for  administration  of grant
          of Options under Section 102.

     2.15. "TRUST  AGREEMENT"  means the  agreement  between the Company and the
          Trustee as may be in effect  from time to time  specifying  the duties
          and authority of the Trustee.

     2.16. "TRUST  ASSETS" means all  Securities  and other assets held in Trust
          for the benefit of the  Optionees  pursuant to this  Appendix  and the
          Trust Agreement

     2.17. "TRUSTEE" means  ____________________ (and any successor Trustee) who
          was, or shall be  appointed  by the Board of  Directors of the Company
          and approved by the Income Tax Authorities to hold the Trust Assets.

3.   ADMINISTRATION

     The Board shall have the  authority in its  discretion,  subject to and not
     inconsistent with the express provisions of the Plan, this Appendix, and of
     any applicable  laws, to administer the Plan and to exercise all the powers
     and  authorities  either  specifically  granted  to it  under  the  Plan as
     necessary  or  advisable  in the  administration  of the  Plan,  including,
     without  limitation,  the  authority  to:  (i) to  grant  Options;  (ii) to
     determine  the kind of  consideration  payable  (if any)  with  respect  to
     Options;  (iii)  to  determine  the  period  during  which  Options  may be
     exercised,  and whether in whole or in installments;  (iv) to determine the
     persons to whom,  and the time or times at which  Options shall be granted;
     (v) to determine the number of shares to be covered by each Option; (vi) to
     interpret  the  Plan;  (vii) to  prescribe,  amend  and  rescind  rules and
     regulations  relating  to the  Plan;  (viii)  to  determine  the  terms and
     provisions of the agreements (which need not be identical)  entered into in
     connection  with Options  granted under the Plan; (ix) to cancel or suspend
     Options,  as necessary;  (x) to designate the type of Options to be granted
     to a Optionee;  and (xi) to make all other determinations  deemed necessary
     or advisable for the administration of the Plan. 4.

<PAGE>

4.   PROVISIONS OF THE APPENDIX SHALL GOVERN

     The provisions of this Appendix  shall  supersede and govern in the case of
     any  inconsistency  or  conflict  arising  between  the  provisions  of the
     Appendix  and the  provisions  of the Plan,  provided,  however,  that this
     Appendix shall not be construed to grant any Optionee rights not consistent
     with the terms of the Plan, unless specifically provided herein. 6.

5.   SELECTION OF TAX METHOD - CAPITAL GAINS METHOD

     The Company  chooses the Capital Gain Method  (`MASLUL  REVACH HON').  This
     choice may be  changed  in the  future,  by a Board  resolution,  provided,
     however,  that the change is  permissible  under the  provisions of Section
     102.

6.   HOLDING OF SECURITIES BY THE TRUSTEE

     6.1. All Securities  shall be issued to the Trustee to be held in the Trust
          for  the  benefit  of  the  relevant   Optionees.   All   certificates
          representing  Securities  issued to the  Trustee  under this  Appendix
          shall be deposited with the Trustee,  and shall be held by the Trustee
          until  such time that such  Options or Shares  are  released  from the
          Trust as herein provided.

     6.2. After the  Release  Term is over,  a  Optionee  shall be  entitled  to
          instruct the Trustee to transfer  the Shares held for such  Optionee's
          benefit to such Optionee, provided, however, that the Trustee confirms
          that all  applicable tax as set forth in Section 102 was actually paid
          and the Trustee  holds a  confirmation  to that effect from Income Tax
          Authorities.

     6.3. In the case that the Company distributes dividends, than the amount of
          dividends  with  respect of Shares  held in Trust shall be paid to the
          Optionees that are the beneficial  holders of such Shares,  subject to
          deduction at source of the applicable tax. 7.

<PAGE>

     7.   PROVISIONS GOVERNING THIS APPENDIX AND PLAN

     Notwithstanding  anything to the  contrary in the Plan or elsewhere in this
     Appendix:

          7.1. The Plan shall have one, sole, Trustee.

          7.2. The  Appendix  shall be  subject  to one Tax  Method,  unless the
               provisions of Section 102 allow otherwise.

          7.3. The Optionees shall not be entitled to cause a Realization  Event
               to occur unless the Release Term is fulfilled.

          7.4. All rights or benefits that are received  subsequent to the grant
               or exercise  the Options or the Shares  underlying  such  Options
               (including  and not limited to bonus  shares)  shall be deposited
               with the Trustee until the end of the Release Term,  and all such
               rights and benefits  shall be subject to the Tax Method  selected
               by the Company.

8.   EFFECTIVENESS OF THE APPENDIX.

     This Appendix shall become effective, and Options may be granted hereunder,
     only after  receipt of the  approvals  required  under Section 102 from the
     Income Tax Authorities. 8.

9.   ADDITIONAL LIMITATIONS

     9.1. The  Company  shall not  issue  Options  to an  Optionee  unless  such
          Optionee  has  confirmed  in  writing  that he or she are aware of the
          provisions  of Section 102 and the  applicable  Tax  Method,  and such
          Optionee  has agreed in  writing to the terms of the Trust  Agreement,
          and that he/she  shall not cause a  Realization  Event to occur before
          the Release Term is over. The form for the above confirmation shall be
          determined by the Committee, and shall be attached to this Appendix as
          EXHIBIT A.

     9.2. The Trustee shall not release any shares held by it in accordance with
          the terms of this  Appendix,  until the  earlier  to occur of:  (i) an
          initial public  offering of the Company's  Common Stock;  (ii) another
          event, as shall be determined by the Committee,  regarding all, or any
          part of the  Optionees;  (iii) in the event  that a  certain  Optionee
          wishes to sell the shares held for his or her benefit by the  Trustee,
          according to a bona fide transaction.

     9.3. Each  grant of  Options  is  conditioned  upon the  Optionee  agreeing
          irrevocably to discharge the Trustee, the Company and any other office
          holder,  employee or agent thereof from any liability  with respect of
          any action or decision  duly taken and BONA FIDE  executed in relation
          to the Plan, or relating to any Grant of Securities.

     9.4. The  Trustee  shall use the voting  rights  vested in any such  shares
          issued upon the  exercise of any Options  granted  under the Plan,  in
          accordance with EXHIBIT B.

<PAGE>

10.  GRANT OF OPTIONS NOT BY A TRUSTEE

     Notwithstanding  the above,  the  Company  shall be  entitled  to  allocate
     Options not according to the Tax Methods, but by direct grant to Optionees,
     provided,  however,  that the  requirements  of Section 102 are met. In the
     case of a grant of Options to Service Providers or their employees, Section
     102 shall not apply and such Optionees  shall be required to execute option
     agreements in the form approved by the Board or the Compensation Committee.
     10.

11.  INTEGRATION OF SECTION 102

     11.1. The  provisions of the Plan and/or of the Option  Agreement  shall be
          subject to the  provisions  of Section  102,  and the said  provisions
          shall  be  deemed  an  integral  part of the  Plan  and of the  Option
          Agreement.

     11.2. For  the  avoidance  of  doubt,  it  is  hereby  clarified  that  any
          provisions  of  Section  102 which are  necessary  in order to receive
          and/or to keep any tax benefit  pursuant to Section 102,  which is not
          expressly  specified  in the Plan or the  Option  Agreement,  shall be
          considered  binding  upon the  parties  to the Plan  and/or the Option
          Agreement.

12.  GOVERNING LAW AND JURISDICTION

     This Appendix shall be governed by and construed and enforced in accordance
     with the Israeli  laws  applicable  to  contracts  made and to be performed
     therein,  without  giving effect to the principles of conflict of laws. The
     competent courts of Tel-Aviv,  Israel,  shall have sole jurisdiction in any
     matters pertaining to this Appendix.

13.  TAX CONSEQUENCES

     Any tax consequences arising from the grant or exercise of any Option, from
     the  payment for stock  covered  thereby or from any other event or act (of
     the Company,  and/or its  Subsidiaries,  and the Trustee or the  Optionee),
     hereunder,  shall be borne solely by the Optionee.  The Company  and/or its
     Subsidiaries,  and  the  Trustee  shall  withhold  taxes  according  to the
     requirements of the applicable  laws,  rules,  and  regulations,  including
     withholding  taxes at source.  Furthermore,  the  Optionee  shall  agree to
     indemnify the Company and/or its  Subsidiaries  and/or the Trustee and hold
     them  harmless  against and from any and all  liability for any such tax or
     interest or penalty  thereon,  including  without  limitation,  liabilities
     relating to the necessity to withhold,  or to have  withheld,  any such tax
     from any  payment  made to the  Optionee,  unless the said  liability  is a
     result of default of the Company.  The  Committee  and/or the Trustee shall
     not be required to release any stock  certificate  to a Optionee  until all
     required payments have been fully made.

<PAGE>

                             EXHIBIT A TO APPENDIX A
                          OPTION GRANT LETTER AGREEMENT

                                (the "AGREEMENT")

This letter  agreement (the  "AGREEMENT") is made as of _______ __, 2004, by and
among e-Glue  Software  Technologies,  Inc. (the  "COMPANY"),  a private company
organized  under  the laws of the  state  of  Delaware  with  its main  place of
business  at  _________________________,  Israel,  and  _________,  an  [Israeli
citizen], I.D number _______ (the "OPTIONEE").

WHEREAS The Company has adopted a Stock Option Plan  (together  with  applicable
        Appendixes, the "PLAN"), a copy of which was reviewed by the Optionee;
        and

WHEREAS The Company has  resolved to grant to the Optionee  Options,  subject to
        the terms and conditions herein; and

NOW, THEREFORE, it is agreed as follows:

1. All terms not defined herein shall have the meaning ascribed to them in the
Plan.

2. The Company has resolved to grant certain options (the "OPTION GRANT") to
purchase the Company's Ordinary Shares to the Optionee.

3. The terms of the Option Grant are as follows:

     3.1. Number of Options: _______ (____________________).

     3.2.  Vesting  Schedule  - as  defined  in the Plan /  ___________________.
     [Choose the relevant alternative]

     3.3. Vesting Commencement Date: _____ __, 200_.

     3.4. Exercise Price per options: _______.

4. The grant of the Option Grant is conditioned upon, and shall not become
effective unless and until the Optionee agreeing to the terms of this Agreement.

5. Contact details and personal details of the Optionee as supplied by it:

     5.1. Full name: _________.

     5.2. Identification / registration number: _____________. [Only for Israeli
     citizens or entities]

     5.3. Address: ______________.

     5.4. Telephone (home): _________.

     5.5. Cellular Phone: ____________.

     5.6. Facsimile: __________.

     5.7. E-mail: ____________.

<PAGE>

6. The grant is made in accordance with the terms of the Plan.

7. Prior to signing this Agreement Optionee had the reasonable opportunity to
review the Plan and consult with his / her advisors (such advisors shall not
include the Company or anyone on the Company's behalf) as Optionee deemed fit.

8. Optionee hereby confirms that he or she received reasonable opportunity to
review the Plan and understand its terms, and that Optionee agrees to the terms
and provisions of the Plan.

9. The Optionee acknowledges and agrees that the Company may be merged, or
acquired or sold to a third party, and in such case, by signing this Agreement,
the Optionee grants the Board, or anyone on behalf of the Board, the right to
sign on behalf of such Optionee any document or agreement reasonably necessary,
in the Board's discretion, in order to consummate such acquisition, merger or
sale.

10. Optionee hereby confirms that he or she is aware of the provisions of
Section 102 (the updated Section 102 is attached hereto as EXHIBIT A) and the
applicable Tax Method.

11. Optionee shall not exercise shares (as such term is defined in Section 102)
before the Release Term.

12. Optionee agrees to the terms in the Trust Agreement (attached hereto as
EXHIBIT B). 14.

Sincerely yours,

______________________________________  ______________________________________
  e-Glue Software Technologies, Inc.         ____________________ [OPTIONEE]

By: ______________________________      Name: ______________________________

Title: ______________________________

<PAGE>

                             EXHIBIT B TO APPENDIX A
                        E-GLUE SOFTWARE TECHNOLOGIES INC,

                                IRREVOCABLE PROXY

The undersigned holder, being an employee of e-Glue Software Technologies, Inc.
(the "COMPANY"), a Delaware corporation, or a subsidiary thereof, who holds (or
will hold, after exercising options to purchase the Company's Common Stock)
Common Stock of the Company (the "SHARES"), hereby appoints the Company's
Secretary (or another person, in the Company's discretion) (the "PROXY HOLDER")
as my proxy to vote for me and on my behalf at shareholders meetings of the
Company with respect to the Shares. The Proxy Holder is hereby appointed as my
true and lawful proxy and attorney-in-fact, with full power of substitution and
revocation, to attend meetings of the shareholders of the Company to be held at
any time, or any continuation or adjournment thereof, to vote or take action by
written consent with respect to the Shares, on all matters as the Proxy Holder
shall determine in its discretion, including, without limitation, shareholders
meetings, shareholders actions by written consent and waivers. In addition, the
undersigned hereby appoints the Proxy Holder as my true and lawful proxy and
attorney-in-fact, with full power of substitution, to receive all notices to
which I am entitled to by virtue of contract or the Company's By Laws or
Certificate of Incorporation. Furthermore, the undersigned hereby appoints the
Proxy Holder as my exclusive true and lawful proxy and attorney-in-fact, with
full power of substitution, to request from the Company and to receive all
information or documentation which I am entitled to by virtue of contract, the
Company's By Laws or Certificate of Incorporation or applicable law, as the
Proxy Holder shall deem fit in its discretion.

This Proxy is irrevocable, for an indefinite time, or until another date as
determined by the Company's Compensation Committee or Board. Notwithstanding the
foregoing, this Proxy shall terminate automatically upon the consummation of an
initial public offering of the Company's Common Stock. The undersigned further
agrees that this proxy is coupled with an interest.

In the case that the Shares shall be held for my benefit by a trustee (the
"TRUSTEE"), then this Proxy shall act as irrevocable instructions in writing to
the Trustee, so the Trustee shall perform all of the above with respect to the
Shares.

This Irrevocable Proxy shall be governed by and construed in accordance with the
laws of the State of Israel, without regard to its conflict of laws principles.

This Irrevocable Proxy is effective as of ______, 200_.

________________________________________________
                   SIGNATURE
Name:___________________________________________
Date:

                                                     ACKNOWLEDGED AND AGREED TO:

                                                     Proxy Holder:
                                                     ___________________________

<PAGE>

                                    AMENDMENT
                      TO E-GLUE SOFTWARE TECHNOLOGIES, INC.
                             2004 STOCK OPTION PLAN

This amendment to e-Glue Software  Technologies,  Inc. 2004 Stock Option Plan is
made as of June 9th, 2010 (the "AMENDMENT").

1.   Capitalized terms used herein and not defined herein shall have the meaning
     ascribed to them pursuant to the Plan.

2.   Section 1 of the Plan shall be replaced in its entirety with the following:

     The purpose of this Plan is to  encourage  employees,  directors  and other
     individuals  (whether or not employees) who render  services to the Company
     and its  Subsidiaries,  to continue their  association with the Company and
     its Subsidiaries by providing  opportunities for them to participate in the
     ownership of the Company and in its future  growth  through the granting of
     Options and/or Restricted Stock.

3.   Section 3 of the Plan shall be replaced in its entirety with the following:

     The total  number of shares of  capital  stock of the  Company  that may be
     subject to Options  and  Restricted  Stock  grants  under the Plan shall be
     32,321,750 Option Shares of the Company from either authorized but unissued
     shares or treasury  shares.  The number of shares  stated in this Section 3
     shall be subject to adjustment in accordance with the provisions of Section
     9. Shares of  Restricted  Stock that fail to vest and Options  that are not
     fully  exercised prior to its expiration or other  termination  shall again
     become available for grant under the terms of the Plan.

4.   A new Section 5A will be added to the Plan as follows:

     "5A.  EXERCISABILITY  INTO  PREFERRED  AA STOCK.  Without  derogating  from
     anything  contained  herein,  the Board may resolve with respect to certain
     holders of  options to acquire  the  Company's  Common  Stock (the  "COMMON
     OPTION"),  that  such  Common  Options  may be  exercised  into  shares  of
     Preferred AA Stock and/or a combination of shares of Preferred AA Stock and
     Options and/or  Restricted  Stock  underlying  shares of Series D Preferred
     Stock, so long as such Common Options are  outstanding,  from time to time,
     in whole or in part,  to the extent  such are  vested,  and  subject to the
     terms  and  conditions  that  the  Board  in its  discretion  may  provide,
     PROVIDED,  HOWEVER,  that any partial exercise must be for a minimum of ten
     (10) shares of Preferred AA Stock.  No Common  Option shall be  exercisable
     after the expiration of the period described in Section 5(a) above.  Except
     as the Board in its  discretion  may otherwise  provide in the Stock Option
     Agreement,  a  Common  Option  shall  cease  to  be  exercisable  upon  the
     expiration of three (3) months  following the termination of the Optionee's
     employment  with,  or his other  provision of services to, the Company or a
     Subsidiary, subject to Section 5 (a) above and Section 9 below."

<PAGE>

5.   Section  6(b) of the Plan shall be shall be amended and  replaced  with the
     following (changes from the version of the Plan are underlined):

     (b)  A holder of Restricted  (Stock) SHARES shall have all of the rights of
          a stockholder  of the Company,  including the right to vote the shares
          and the right to receive  any cash  dividends,  unless the Board shall
          otherwise  determine.  Certificates  representing  Restricted  (Stock)
          SHARES shall be imprinted  with a legend to the effect that the shares
          represented  may  not  be  sold,  exchanged,   transferred,   pledged,
          hypothecated  or otherwise  disposed of except in accordance  with the
          terms of the Restricted  (Stock) SHARES Agreement and, if the Board so
          determines,  the holder may be required  to deposit  the  certificates
          with the  President,  Treasurer,  Secretary  or other  officer  of the
          Company or with an escrow agent designated by the Board, together with
          a stock power or other instrument of transfer  appropriately  endorsed
          in blank."

6.   New  Sections  6(c),  6(d),  6(e)  and  6(f)  shall be added to the Plan as
     follows:

     "(c) The Board may grant or award Restricted Share Units in respect of such
          number of Option Shares,  and subject to such terms or conditions,  as
          the Board  shall  determine  and specify in a  Restricted  Share Units
          Agreement,  and may provide in a Stock Option  Agreement for an Option
          to be exercisable for Restricted  Share Units.  Such Restricted  Share
          Units shall be subject to all applicable  terms of the Plan and may be
          subject to any other  terms that are not  inconsistent  with the Plan.
          The  provisions  of the  various  Restricted  Share  Units  Agreements
          entered into under the Plan need not be  identical.  Restricted  Share
          Units  may  be  granted  in   consideration  of  a  reduction  in  the
          recipient's other compensation.

     (d)  No voting or dividend rights as a shareholder shall exist prior to the
          actual  issuance of shares in the name of the  recipient of Restricted
          Share  Units.  Notwithstanding  anything  else in this Plan (as may be
          amended from time to time) to the contrary, unless otherwise specified
          by the  Board,  each  Restricted  Share Unit shall be for a term of 10
          years.  Each  Restricted  Share Units Agreement shall specify its term
          and any  conditions on the time or times for  settlement,  and provide
          for  expiration  prior  to the  end  of  its  term  in  the  event  of
          termination of employment or service providing to the Company, and may
          provide for earlier  settlement in the event of the recipient's death,
          disability or other events.

     (e)  Restricted  Share Units may or may not be subject to vesting.  Vesting
          shall occur,  in full or in  installments,  upon  satisfaction  of the
          conditions specified in the Restricted Share Units agreement.

     (f)  Settlement of vested  Restricted Share Units shall be made in the form
          of shares. Distribution to a recipient of Restricted Share Units of an
          amount (or amounts) from settlement of vested  Restricted  Share Units
          can be deferred to a date after settlement as determined by the Board.
          The amount of a deferred  distribution may be increased by an interest
          factor or by dividend equivalents. Until the grant of Restricted Share
          Units is settled,  the number of such Restricted  Share Units shall be
          subject to adjustment pursuant hereto."

7.   A new Section 15 will be added to the Plan as follows:

     "15. DEFINITIONS

<PAGE>

     Except  for  definitions  of  capitalized  terms  set  forth in  Plan,  the
     capitalized  terms set forth below shall have the meaning  ascribed next to
     them.

     (a)  "COMMON STOCK" shall mean common stock,  $.001 par value per share of
          the Company.

     (b)  "COMPANY" shall mean e-Glue Software Technologies, Inc.

     (c)  "OPTION"  shall  mean an  option  to  purchase  Option  Shares  and/or
          Restricted  Stock (as the case may be)  subject to the  provisions  of
          this Plan.

     (d)  "OPTION SHARE" shall mean shares of Common Stock and/or  Preferred AA
          Stock and/or Preferred D Stock, respectively.

     (e)  "PLAN" shall mean e-Glue Software Technologies, Inc. 2004 Stock Option
          Plan.

     (f)  "PREFERRED AA STOCK" shall mean Series AA Preferred  Stock,  $.001 par
          value per share of the Company.

     (g)  "PREFERRED  D STOCK"  shall mean Series D Preferred  Stock,  $.001 par
          value per share of the Company.

     (h)  "RESTRICTED  SHARES"  shall  mean  restricted  shares of any series or
          class of Option Share of the Company.

     (i)  "RESTRICTED  SHARE  UNITS"  shall mean  restricted  share units of any
          series or class of Option Share of the Company.

     (j)  "RESTRICTED  STOCK" shall mean  Restricted  Shares  and/or  Restricted
          Share Units.

     (k)  "SUBSIDIARY"  shall mean a  corporation  or other  business  entity of
          which the Company  owns,  directly or  indirectly  through an unbroken
          chain of ownership,  fifty percent (50%) or more of the total combined
          voting power of all classes of stock, in the case of a corporation, or
          fifty percent (50%) or more of the total combined  interests by value,
          in the case of any other type of business entity."

8.   Except  for  Sections  3 and  5(i) of the  Plan,  the term  "Common  Stock"
     throughout the Plan, shall be replaced with the term "Option Shares".

9.   This  Amendment is made in accordance  with the provisions of Section 13 of
     the Plan.

10.  Except as set forth herein,  the Plan shall remain in full force and effect
     in accordance with its terms and conditions.

11.  This Amendment may be executed in any number of counterparts, each of which
     shall be deemed an original and  enforceable  against the parties  actually
     executing such counterpart,  and all of which together shall constitute one
     and the same instrument.

                                      * * *Allscripts-Misys Healthcare Solutions, Inc. Incentive Retention Plan

 Exhibit 10.3 

ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS, INC. 

INCENTIVE RETENTION PLAN 

As Adopted Effective June 8, 2010 

 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS, INC. 

INCENTIVE RETENTION PLAN 

Table of Contents 
  

					
	Section 1	  	Definitions	  	1
			
	Section 2	  	Purpose of Plan	  	2
			
	Section 3	  	Eligibility and Participation	  	3
			
	Section 4	  	Administration	  	3
			
	Section 5	  	Retention Awards	  	4
			
	Section 6	  	Taxes	  	5
			
	Section 7	  	Term of Plan; Amendment and Termination of Plan	  	5
			
	Section 8	  	Miscellaneous	  	6
			
	Exhibit A	  	Description of Retention Awards and Award Levels	  	A-1
			
	Exhibit B	  	Form of Release	  	B-1

 ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS, INC. 

INCENTIVE RETENTION PLAN 
  

	1.0	DEFINITIONS 

 The
following capitalized terms shall have the following meanings unless the context indicates otherwise: 
  

	1.1	“Affiliate” shall mean (i) with respect to any Person, any Person that controls, is controlled by or is under common control with such Person or
an Affiliate of such Person, and (ii) with respect to any Investor, any general or limited partner of such Investor, any employee or owner of any such partner, or any other Person controlling, controlled by or under common control with such
Investor. 

  

	1.2	“Award Level” shall mean a Participant’s participation classification: Blue, Green, Red, Orange or Yellow. 

 

	1.3	“Base Salary” shall mean the annual base salary paid to the Participant as of the Transaction Date, with such amount increased (if applicable) to take
into account any elective or mandatory deferrals. 

  

	1.4	“Board” shall mean the Board of Directors of the Company. 

 

	1.5	“Cause” shall have the meaning ascribed thereto in any effective employment agreement between the Company or a Subsidiary and the Participant, or, if
no employment agreement is in effect that contains a definition of cause, then Cause shall mean: 

  

	 	(a)	the willful or grossly negligent failure by the Participant to perform the Participant’s duties and obligations to the Company in any material respect, other than
any such failure resulting from the Disability of the Participant; 

  

	 	(b)	the Participant’s conviction of a crime or offense involving the property of the Company, or any crime or offense constituting a felony or involving fraud or moral
turpitude; provided that, in the event that the Participant is arrested or indicted for a crime or offense related to any of the foregoing, then the Company may, at its option, place the Participant on paid leave of absence, pending the final
outcome of such arrest or indictment; 

  

	 	(c)	the Participant’s violation of any law, which violation is materially and demonstrably injurious to the operations or reputation of the Company; or

  

	 	(d)	the Participant’s material violation of any generally recognized policy of Company or the Participant’s refusal to follow the lawful directions, or
insubordination to, the Participant’s supervisor. 

  

	1.6	“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 

 

	1.7	“Committee” shall mean (i) the Compensation Committee of the Board, or (ii) a committee or subcommittee of the Board appointed by the Board
from among its members. 

  

	1.8	“Company” shall mean Allscripts-Misys Healthcare Solutions, Inc., a Delaware corporation. 

 

	1.9	“Constructive Discharge” shall have the meaning ascribed thereto in any effective employment agreement between the Company or a Subsidiary and the
Participant. If no employment agreement is in effect that contains a definition of constructive discharge, then Constructive Discharge shall not apply to such Participant. 

 

 1 

	1.10	“Disability” shall have the meaning ascribed thereto in any effective employment agreement between the Company or a Subsidiary and the Participant, or,
if no employment agreement is in effect that contains a definition of disability or synonymous term, then Disability shall mean the Participant, as a result of illness or incapacity, is unable to perform substantially Participant’s required
duties for a period of three (3) consecutive months or for any aggregate period of three (3) months in any six (6) month period, as determined in the discretion of the Committee. 

 

	1.11	“Effective Date” shall mean the date the Board adopts the Plan. 

 

	1.12	“Eclipsys” shall mean Eclipsys Corporation, a Delaware corporation. 

 

	1.13	“Employee” shall mean a regular full-time employee of the Company or any Subsidiary. 

 

	1.14	“Participant” shall mean an Employee who has been designated to participate in the Plan in accordance with Section 3 below.

  

	1.15	“Participation Agreement” shall mean an agreement between the Company and the Participant evidencing the grant of the Retention Award and which
contains all applicable terms and conditions relating to such Retention Award. 

  

	1.16	“Performance Shares” shall mean shares of the Company common stock, par value $.01 per share, that are authorized to be granted under the Amended and
Restated 1993 Stock Incentive Plan, and which are awarded to Participants pursuant to Section 5 below. 

  

	1.17	“Person” shall mean an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization, investment fund, any other business entity and a governmental entity or any department, agency or political subdivision thereof. 

 

	1.18	“Plan” shall mean the Allscripts-Misys Healthcare Solutions, Inc. Incentive Retention Plan. 

 

	1.19	“Retention Awards” shall mean the awards granted to a Participant under Section 5 below. 

 

	1.20	“Subsidiary” shall mean a corporation of which the Company directly or indirectly owns more than 50 percent of the Voting Stock or any other business
entity in which the Company directly or indirectly has an ownership interest of more than 50 percent. 

  

	1.21	“Termination” shall mean the termination of the Employee’s employment with the Company. 

 

	1.22	“Transaction” shall mean the transaction by which the Company acquires, directly or indirectly, the outstanding common stock of Eclipsys.

  

	1.23	“Transaction Date” shall mean the date of closing of the Transaction. 

 

	1.24	“Voting Stock” shall mean the capital stock of any class or classes having general voting power under ordinary circumstances, in the absence of
contingencies, to elect the directors of a corporation. 

  

	2.0	PURPOSE OF PLAN 

  

	2.1	Purpose. The purpose of the Plan is: 

  

	 	(a)	to retain certain highly qualified individuals as Employees; 

  

 2 

	 	(b)	to provide incentive and reward to such Employees to diligently and successfully complete the Transaction; and 

 

	 	(c)	to maintain the focus of such Employees on the business of the Company and its Subsidiaries and to mitigate the distractions resulting from the Transaction.

  

	3.0	ELIGIBILITY AND PARTICIPATION 

  

	3.1	Eligibility. All Employees of the Company and its Subsidiaries shall be eligible to participate in the Plan. 

 

	3.2	Participation. Participants shall consist of those Employees designated by the Committee in its sole discretion to participate in the Plan; provided,
however, that the Committee may not designate an Employee as a new Participant following the Transaction Date. The Committee shall designate the Participant’s Award Level. For an Employee to become a Participant in the Plan, the Employee
must execute a Participation Agreement. An Employee who becomes a Participant shall remain a Participant until the earliest of (i) the termination of the Plan in accordance with Section 8 below, (ii) all obligations of the Company and
the Participant under the Plan are fulfilled, or (iii) the Termination of the Employee. 

  

	4.0	ADMINISTRATION 

  

	4.1	Responsibility. The Committee shall have the responsibility, in its sole discretion, to control, operate, manage and administer the Plan in accordance with its
terms. 

  

	4.2	Authority of the Committee. The Committee shall have the maximum discretionary authority permitted by law that may be necessary to enable it to discharge its
responsibilities with respect to the Plan, including, but not limited to, the following: 

  

	 	(a)	to determine eligibility for participation in the Plan; 

  

	 	(b)	to select Participants; 

  

	 	(c)	to determine or calculate a Participant’s Retention Award; 

  

	 	(d)	to issue Participation Agreements; 

  

	 	(e)	to correct any defect, supply any omission, or reconcile any inconsistency in the Plan in such manner and to such extent as it shall deem appropriate in its sole
discretion to carry the same into effect; 

  

	 	(f)	to make rules for carrying out and administering the Plan and make changes in such rules as it from time to time deems proper; 

 

	 	(g)	to the extent permitted under the Plan, grant waivers of Plan terms, conditions, restrictions, and limitations; 

 

	 	(h)	to make reasonable determinations as to a Participant’s eligibility for benefits under the Plan, including determinations as to Cause and Constructive Discharge;
and 

  

	 	(i)	to take any and all other actions it deems necessary or advisable for the proper operation or administration of the Plan. 

 

	4.3	Action by the Committee. The Committee may act at a meeting (whether in person or by telephone or video conference) only by a vote or determination of a majority
of its members. In addition, any vote or determination of the Committee may be made, without a meeting, by a writing or writings signed by all of the members of the Committee. In addition, the Committee may authorize any one or more of its members
to execute and deliver documents on behalf of the Committee. 

  

 3 

	4.4	Delegation of Authority. The Committee may delegate to one or more of its members, or to one or more agents, such administrative duties as it may deem advisable;
provided, however, that any such delegation shall be in writing. In addition, the Committee, or any person to whom it has delegated duties as aforesaid, may employ one or more persons to render advice with respect to any responsibility the
Committee or such person may have under the Plan. The Committee may employ such legal or other counsel, consultants and agents as it may deem desirable for the administration of the Plan and may rely upon any opinion or computation received from any
such counsel, consultant or agent. Expenses incurred by the Committee in the engagement of such counsel, consultant or agent shall be paid by the Company or the Subsidiary whose employees have benefited from the Plan, as determined by the Committee.

  

	4.5	Determinations and Interpretations by the Committee. All determinations and interpretations made by the Committee shall be binding and conclusive to the maximum
extent permitted by law on all Participants and their heirs, successors, and legal representatives. 

  

	4.6	Liability. No member of the Board, no member of the Committee and no employee of the Company or any Subsidiary shall be liable for any act or failure to act
hereunder, except in circumstances involving his or her bad faith, gross negligence or willful misconduct, or liable for any act or failure to act hereunder by any other member or employee or by any agent to whom duties in connection with the
administration of the Plan have been delegated. 

  

	4.7	Indemnification. The Company shall indemnify members of the Committee and any agent of the Committee who is an employee of the Company or any Subsidiary, against
any and all liabilities or expenses to which they may be subjected by reason of any act or failure to act with respect to their duties on behalf of the Plan, except in circumstances involving such person’s bad faith, gross negligence or willful
misconduct. 

  

	5.0	RETENTION AWARDS 

  

	5.1	Cash Awards. The Committee may in its sole discretion grant Retention Awards to Participants in the form of cash awards as set forth on Exhibit A attached
hereto. 

  

	5.2	Performance Shares. The Committee may in its sole discretion grant Retention Awards to Participants in the form of Performance Shares as set forth on Exhibit
A attached hereto. The number of shares underlying a grant of Performance Shares shall be determined by the closing price of the Company’s common stock on the date of grant, or if there is no closing price on the date of grant, then the
last closing price immediately preceding the date of grant. 

  

	5.3	Vesting. Retention Awards granted to a Participant shall vest to such Participant according to his or her applicable Award Level pursuant to the vesting schedule
set forth on Exhibit A. 

  

	5.4	Payment. Cash Awards granted to a Participant shall be paid to such Participant according to his or her applicable Award Level pursuant to the payment schedule
set forth on Exhibit A. All payment of Cash Awards shall fully comply with Code Section 409A. 

  

	5.5	Termination of Employment. A Participant will forfeit his or her previously unvested Retention Awards upon any Termination unless otherwise provided by the
Committee in the award. 

  

	5.6	Waiver and Release. As a condition precedent for receiving any Retention Awards granted under this Section 5 following a Termination, a Participant shall
execute a waiver and release substantially in the form attached to the Plan as Exhibit B. 

  

 4 

	6.0	TAXES 

  

	6.1	Withholding Taxes. The Company and its Subsidiaries shall be entitled to withhold from any and all payments made to a Participant under the Plan all federal,
state, local and/or other taxes or imposts which the Company determines are required to be so withheld from such payments or by reason of any other payments made to or on behalf of the Participant or for his or her benefit hereunder. With respect to
withholding required upon the vesting of Performance Shares or upon any other taxable event arising as a result of a Retention Award, a Participant may elect to satisfy the withholding requirement, in whole or in part, by having the Company withhold
shares of Company stock having a fair market value on the date the tax is to be determined equal to the minimum statutory total tax which would be imposed on the transaction. All such elections shall be subject to any procedures, restrictions or
limitations that the Committee, in its sole discretion, deems appropriate. 

  

	6.2	Code Section 409A. The Plan is intended to comply with the provisions of Code Section 409A, and the Plan and all applicable Retention Awards shall be
construed and applied in a manner consistent with this intent. Notwithstanding anything contained in the Plan to the contrary: (a) the Committee shall have full authority to operate the Plan and to override any provision in the Plan in order
for the Plan to be fully compliant – both in form and in operation – with Code Section 409A; (b) each and every payment made under Plan shall be treated as a separate payment and not as a series of payments; and (c) if the
Participant is a “specified employee” (determined in accordance with Code Section 409A and Treasury Regulation Section 1.409A-3(i)(2)) as of the date of Termination, and if any payment, benefit or entitlement provided for in the
Plan (i) constitutes a “deferral of compensation” within the meaning of Code Section 409A and (ii) cannot be paid or provided in a manner otherwise provided herein or otherwise without subjecting the Participant to
additional tax, interest and/or penalties under Code Section 409A, then any such payment, benefit or entitlement that is payable during the first six (6) months following the date of Termination shall be paid or provided to the Participant
in a lump sum cash payment to be made on the earlier of (x) the Participant’s death or (y) the first business day of the seventh calendar month immediately following the month in which the date of Termination occurs.

  

	6.3	No Guarantee of Tax Consequences. No person connected with the Plan in any capacity, including, but not limited to, the Company and any Subsidiary and their
directors, officers, agents and employees makes any representation, commitment, or guarantee that any tax treatment, including, but not limited to, federal, state and local income, estate and gift tax treatment, will be applicable with respect to
benefits or amounts payable or provided under the Plan, or paid to or for the benefit of a Participant under the Plan, or that such tax treatment will apply to or be available to a Participant on account of participation in the Plan.

  

	7.0	TERM OF PLAN; AMENDMENT AND TERMINATION OF PLAN 

  

	7.1	Term of Plan. The Plan shall be effective as of the Effective Date and shall remain in effect until the Board terminates or suspends the Plan in accordance with
Section 7.3 below. 

  

	7.2	Amendment of Plan. The Plan may be amended by the Board at any time with or without prior notice; provided, however, that the Plan shall not be amended
after the Transaction Date without the written consent of a majority of the Participants. 

  

	7.3	Termination of Plan. The Plan may be terminated or suspended by the Board at any time with or without prior notice; provided, however, that the Plan shall
not be terminated or suspended after the Transaction Date without the written consent of a majority of the Participants. 

  

	7.4	No Adverse Effect. If the Plan is amended, terminated, or suspended in accordance with Section 7.2 or 7.3 above, such action shall not adversely affect the
Retention Awards of any Participant who, at the date of such amendment, termination or suspension, is already receiving or entitled to receive Retention Awards under the Plan. 

 

 5 

	8.0	MISCELLANEOUS 

  

	8.1	No Right, Title, or Interest in Company or Subsidiary Assets. Participants shall have no right, title, or interest whatsoever in or to any assets of the
Company or any Subsidiary or any investments which the Company or any Subsidiary may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be
construed to create a trust of any kind, or a fiduciary relationship between the Company or any Subsidiary and any Participant, legal representative or any other person. To the extent that any person acquires a right to receive payments from the
Company or any Subsidiary under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company or any Subsidiary. 

  

	8.2	No Right to Continued Employment. The Participant’s rights, if any, to continue to serve the Company or any Subsidiary as an employee shall not be enlarged
or otherwise affected by his or her designation as a Participant under the Plan, and the Company or the applicable Subsidiary reserves the right to terminate the employment of any employee at any time. The adoption of the Plan shall not be deemed to
give any employee, or any other individual any right to be selected as a Participant or to continued employment with the Company or any Subsidiary. 

  

	8.3	Governing Law. The Plan shall be governed by and construed in accordance with the laws of Illinois without reference to principles of conflict of laws, except as
superseded by applicable federal law. 

  

	8.4	Severability. If any term or condition of the Plan shall be invalid or unenforceable to any extent or in any application, then the remainder of the Plan, with
the exception of such invalid or unenforceable provision, shall not be affected thereby and shall continue in effect and application to its fullest extent. 

 

	8.5	Incapacity. If the Committee determines that a Participant is unable to care for his or her affairs because of illness or accident, any benefit due the
Participant may be paid to the Participant’s spouse or to any other person deemed by the Committee to have incurred expense for such Participant (including a duly appointed guardian, committee or other legal representative), and any such
payment shall be a complete discharge of the Company’s obligation hereunder. 

  

	8.6	Transferability of Rights. The Company shall have the unrestricted right to transfer its obligations under the Plan with respect to one or more Participants to
any person, including, but not limited to, any purchaser of all or any part of the Company’s business. No Participant shall have any right to commute, encumber, transfer or otherwise dispose of or alienate any present or future right or
expectancy which the Participant may have at any time to receive benefits hereunder, which benefits and the right thereto are expressly declared to be non-assignable and nontransferable, except to the extent required by law. Any attempt to transfer
or assign a benefit, or any rights granted hereunder, by a Participant or the spouse of a Participant shall, in the sole discretion of the Committee (after consideration of such facts as it deems pertinent), be grounds for terminating any rights of
the Participant to any portion of the Plan benefits not previously paid or provided. 

 [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK] 
  

 6 

 EXHIBIT A 

 

					
	RETENTION AWARD VALUE BY AWARD LEVEL
			
	 Participant Award Level
	  	 Cash Award
	  	 Performance Share Award

	 Blue
	  	125% of Base Salary	  	125% of Base Salary
	 Green
	  	100% of Base Salary	  	100% of Base Salary
	 Red
	  	75% of Base Salary	  	75% of Base Salary
	 Orange
	  	25% of Base Salary	  	25% of Base Salary
	 Yellow
	  	$10,000	  	None

 Vesting and
Payment of Cash Award, Award Levels Blue, Green, Red and Orange: 1/6 of the Cash Award shall vest and become payable on each of the Transaction Date and the 6, 12, 16, 20 and 24 month anniversaries of the Transaction Date. Notwithstanding the
foregoing, such Cash Award will fully vest for a Participant in Award Level Blue, Green, Red or Orange upon such Participant’s Termination due to death or by the Company for Disability and, for a Participant in Award Level Blue, Green or Red,
upon such Participant’s Termination by the Company without Cause or by the Participant for Constructive Discharge, with the award payable in a lump sum on the sixtieth (60th) day following the date of Termination, provided that by the
fiftieth (50th) day after the date of Termination (except for death) the Participant submits to the Company (without revoking) the signed release described in Section 5.6 of the Plan. 

Vesting and Payment of Performance Share Award, Award Levels Blue, Green, Red and Orange: 

One-half of the Performance Shares vest based on the achievement of cost synergy savings (“Cost Synergies”) realized as a result of the
Transaction in the 12 month periods ended September 30, 2011 and September 30, 2012 (“Year 1” and “Year 2”, respectively). The Year 1 Cost Synergies target is $30,000,000, and the Year 2 Cost Synergies target is
$38,000,000. 
 The other one-half of the Performance Shares vest based on the joint sale of products and/or services of the Company and
Eclipsys (“Joint Product Sales”), each sale equal to or greater than $5,000,000, in each of Year 1 and Year 2. The Joint Product Sales target for each of Year 1 and Year 2 is 5 sales. 

The table below illustrates the threshold, target and maximum Performance Share vesting and payout. Payout for performance between the threshold and
target and target and maximum levels is determined using straight-line interpolation. 
  

										
	 Cost Synergies
	  	Threshold	 	 	Target	 	 	Maximum	 
	 Performance as % of Target
	  	80	% 	 	100	% 	 	120	% 
	 Payout as a % of Base Salary:
	  			 			 		
	 Blue
	  	31.25	% 	 	62.5	% 	 	93.75	% 
	 Green
	  	25	% 	 	50	% 	 	75	% 
	 Red
	  	18.75	% 	 	37.5	% 	 	56.25	% 
	 Orange
	  	6.25	% 	 	12.5	% 	 	18.75	% 
	 Joint Product Sales
	  			 			 		
	 Performance as # of Sales
	  	3	  	 	5	  	 	7	  
	 Payout as a % of Base Salary:
	  			 			 		
	 Blue
	  	31.25	% 	 	62.5	% 	 	75	% 
	 Green
	  	25	% 	 	50	% 	 	60	% 
	 Red
	  	18.75	% 	 	37.5	% 	 	45	% 
	 Orange
	  	6.25	% 	 	12.5	% 	 	15	% 

  

 A-1 

 The Committee shall determine in its sole discretion whether the vesting requirements of the Performance
Shares have been satisfied within 45 days following the end of each of Year 1 and Year 2, and any vested Performance Shares shall be paid promptly after such determination. Notwithstanding the foregoing, such Performance Shares will fully vest for a
Participant in Award Level Blue, Green, Red or Orange upon such Participant’s Termination due to death or by the Company for Disability and, for a Participant in Award Level Blue, Green or Red, upon such Participant’s Termination by the
Company without Cause or by the Participant for Constructive Discharge, payable promptly after such date of Termination, provided that by the fiftieth (50th) day after the date of Termination (except for death) the Participant submits to the
Company (without revoking) the signed release described in Section 5.6 of the Plan. 
 Vesting and Payment of Cash Award, Award Level
Yellow: The Cash Award shall vest and become payable on the first anniversary of the Transaction Date. Notwithstanding the foregoing, such Cash Award will fully vest upon a Participant’s Termination due to death or by the Company for
Disability or without Cause, with the award payable in a lump sum on the sixtieth (60th) day following the date of Termination, provided that by the fiftieth (50th) day after the date of Termination (except for death) the Participant
submits to the Company (without revoking) the signed release described in Section 5.6 of the Plan. 
  

 A-2 

 EXHIBIT B 

RELEASE [Subject to update for changes in applicable law] 

This RELEASE (“Release”) dated as of this      day of
        , 20     between Allscripts-Misys Healthcare Solutions, Inc., a Delaware corporation (the “Company”), and
                     (the “Employee”). 

WHEREAS, the Employee is a participant in the Company’s Incentive Retention Plan (the “Plan”); and 

WHEREAS, the Employee’s employment with the Company and/or its subsidiaries (has been) (will be) terminated effective
                    ; and 

WHEREAS, pursuant to Section 5 of the Plan, the Employee is entitled to certain compensation and benefits upon such termination,
contingent upon the execution of this Release; 
 NOW, THEREFORE, in consideration of the premises and mutual agreements
contained herein and in the Plan, the Company and the Employee agree as follows: 
 1. The Employee, on [his/her] own behalf and
on behalf of [his/her] heirs, estate and beneficiaries, does hereby release the Company, and any of its parent, subsidiaries and affiliates, and each past or present officer, director, agent, employee, shareholder, and insurer of any such entities,
from any and all claims made, to be made, or which might have been made of whatever nature, whether known or unknown, from the beginning of time, including those that arose as a consequence of [his/her] employment with the Company and/or its
subsidiaries, or arising out of the severance of such employment relationship, or arising out of any act committed or omitted during or after the existence of such employment relationship, all up through and including the date on which this Release
is executed, including, but not limited to, those which were, could have been or could be the subject of an administrative or judicial proceeding filed by the Employee or on [his/her] behalf under federal, state or local law, whether by statute,
regulation, in contract or tort, and including, but not limited to, every claim for front pay, back pay, wages, bonus, fringe benefit, any form of discrimination (including but not limited to, every claim of race, color, sex, religion, national
origin, disability or age discrimination), wrongful termination, emotional distress, pain and suffering, breach of contract, compensatory or punitive damages, interest, attorneys’ fees, reinstatement and reemployment. If any court rules that
such waiver of rights to file, or have filed on [his/her] behalf, any administrative or judicial charges or complaints is ineffective, the Employee agrees not to seek or accept any money damages or any other relief upon the filing of any such
administrative or judicial charges or complaints. The Employee relinquishes any right to future employment with the Company and/or its subsidiaries and the Company and/or its subsidiaries shall have the right to refuse to re-employ the Employee
without liability. The Employee acknowledges and agrees that even though claims and facts in addition to those now known or believed by [him/her] to exist may subsequently be discovered, it is [his/her] intention to fully settle and release all
claims [he/she] may have against the Company and/or its subsidiaries and the persons and entities described above, whether known, unknown or suspected. 

2. The Employee acknowledges that [he/she] has been provided at least 21 days to review the Release and has been advised to review it
with an attorney of [his/her] choice. In the event the Employee elects to sign this Release prior to the end of this 21-day period, [he/she] agrees that it is a knowing and voluntary waiver of [his/her] right to wait the full 21 days. The Employee
further understands that [he/she] has 7 days after the signing hereof to revoke it by so notifying the Company in writing, such notice to be received by
                     within the 7-day period. The Employee further acknowledges that [he/she] has carefully read this Release, and knows and
understands its contents and its binding legal effect. The Employee acknowledges that by signing this Release, [he/she] does so of [his/her] own free will and act and that it is [his/her] intention that [he/she] be legally bound by its terms.

  

 B-1 

 IN WITNESS WHEREOF, the parties have executed this Release on the date first above written.

  

	
	  

	[Employee’s Name]

  

 B-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]