Document:

Exhibit 10.2

                   Form of Warrant for Non-employee Directors

                        WARRANTS TO PURCHASE UP TO _____
                            SHARES OF COMMON STOCK OF
                               GOLD STANDARD, INC.

                          (Incorporated under the laws
                              of the State of Utah)

                By this certificate and for value received, Gold Standard, Inc.,
a Utah corporation  (hereinafter called the "Company") subject to the conditions
herein  contained  and upon the  surrender  of this Warrant  Certificate  to the
Company at its principal offices, currently located at 712 Kearns Building, Salt
Lake City,  Utah 84101,  will sell and deliver or cause to be sold and delivered
to _______________________,  at _____________________, on or before ___________,
a certificate for fully paid and  non-assessable  shares of the Company's common
stock,  par value $0.001 upon  payment of the  purchase  price for the number of
shares in respect of which this  Warrant  Certificate  is  exercised,  but in no
event in excess of the number of shares set forth above; provided, however, that
under  certain  conditions  hereinafter  set forth,  the number of shares of the
Company's common stock purchasable upon the exercise of this Warrant Certificate
may be  increased  or reduced as provided  in Section 2 hereof and the  purchase
price may be adjusted as provided in said  Section 2. This  Warrant  Certificate
shall not be  transferable  without the  express  prior  written  consent of the
Company.  The shares  issuable  upon  exercise of this Warrant  Certificate  are
referred to as the "Warrant  Shares".  Subject to adjustment  as aforesaid,  the
purchase  price per share,  herein  called the  "Purchase  Price"  shall be U.S.
$_______ per share.

                1.       Exercise of Warrants.
                         ---------------------

                         (a) The warrants evidenced by this Warrant  Certificate
                may be exercised on or before _______.

                         (b)   This   Warrant    Certificate   shall   terminate
                automatically  upon the earlier to occur of (i) ___________,  or
                (ii)  the date  that  the  holder  of this  Warrant  Certificate
                ceases, whether voluntarily or involuntarily,  to be a member of
                the  Board  of  Directors  of the  Company.  Until  the  date of
                termination of this Warrant  Certificate,  the holder hereof may
                purchase  all or  any  part  of  the  number  of  shares  of the
                Company's  common  stock  purchasable  upon the exercise of this
                Warrant  Certificate,  and  such  shares  shall  be the sole and
                complete property of the Warrant holder  irrespective of whether
                the Warrant holder thereafter  continues to serve as a member of
                the Board of Directors of the Company.

<PAGE>

                         (c)  Subject to the  conditions  of this  warrant,  the
                warrants  represented  hereby  may be  exercised  by the  holder
                hereof by the  surrender of this Warrant  Certificate  (with the
                Notice  of  Exercise  annexed  hereto  properly   completed  and
                executed)  at the  principal  office  of the  Company  or at the
                principal  office  of  the  transfer  agent,  if  any,  for  the
                Company's  common  stock (or at such other  place as the Company
                and the holder  hereof  shall agree upon in  writing),  together
                with payment in the form of a certified or bank cashier's  check
                drawn on cleared,  U.S. funds to the Company of the aggregate of
                the purchase  price for the number of Warrant  Shares in respect
                of which the warrants represented hereby are then exercised.

                         (d) Upon  surrender  of this  Warrant  Certificate  and
                payment of the Purchase  Price as  aforesaid,  the Company shall
                issue and cause to be delivered with all reasonable  dispatch to
                or  upon  the  written  order  of the  holder  of  this  Warrant
                Certificate and in the name of the Warrant holder, a certificate
                or  certificates  for the number of Warrant  Shares so purchased
                upon the  exercise of the warrants  represented  by this Warrant
                Certificate.  Upon  surrender  of this Warrant  Certificate  and
                payment of the Purchase  Price,  as  aforesaid,  the Company may
                issue and cause to be delivered to or upon the written  order of
                the holder of this Warrant  Certificate  in the name or names of
                persons  other  than  the  Warrant  holder,   a  certificate  or
                certificates  for the number of Warrant Shares so purchased upon
                the exercise of the Warrant represented by this certificate, but
                only upon the  written  request of the  Warrant  holder and only
                with the  unanimous  approval of the Board of  Directors  of the
                Company.  In the event the  shares are to be  registered  in the
                name of a person other than the registered holder of the Warrant
                Certificate,  the Purchase Price shall be accompanied by payment
                of any federal, state and local transfer taxes applicable to the
                transaction.  The certificate or certificates  representing  the
                Warrant  Shares  shall be  deemed to have  been  issued  and any
                person named therein shall be deemed, for all purposes,  to have
                become a holder of record of such Warrant Shares as of the close
                of business on the date of surrender of this Warrant Certificate
                and payment of the Purchase Price and transfer taxes, if any, as
                aforesaid.

                         (e)  The   warrants   represented   by   this   Warrant
                Certificate shall be exercisable,  at the election of the holder
                hereof,  and,  in the event that fewer than all of the  warrants
                represented by this Warrant  Certificate  are exercised prior to
                the  expiration of the warrants,  a new warrant  certificate  or
                certificates   will  be  issued  for  the  number  of   warrants
                represented  by the  surrendered  certificate  which were not so
                exercised.   All  warrant  certificates   surrendered  upon  the
                exercise of the warrants evidenced thereby shall be cancelled.

                         (f)  The  Company   shall  not  be  required  to  issue
                fractions of Warrant Shares on the exercise of warrants.  If any

<PAGE>

                fraction of a Warrant Share would,  except for the provisions of
                this  paragraph,  be issuable  upon the exercise of any warrant,
                the warrant so exercised  shall be deemed to confer to the right
                to purchase the next smaller number of full Warrant  Shares.  If
                more than one warrant  shall be  exercisable  at one time by the
                same  holder,  the  number  of  Warrant  Shares  which  shall be
                issuable  upon the  exercise  thereof  shall be  computed on the
                basis of the aggregate number of warrants exercised.

                2.  Adjustment to Purchase  Price and Number of Shares of Common
Stock.  The Purchase Price and the number of shares of common stock  purchasable
upon the  exercise of a warrant  evidenced by any warrant  certificate  shall be
subject to adjustment from time to time as follows:

                         (a) In case the  Company  shall (i) pay a  dividend  or
                make a distribution to all holders of its common stock in shares
                of its common stock,  (ii) subdivide its  outstanding  shares of
                common stock into a larger  number of shares,  or (iii)  combine
                its outstanding  shares of common stock into a smaller number of
                shares,  then the Purchase Price in effect  immediately prior to
                such  action  shall be adjusted to an amount that bears the same
                relationship to the Purchase Price in effect  immediately  prior
                to such action as the total number of shares of the common stock
                of the  Company  outstanding  immediately  prior to such  action
                bears to the total  number  of  shares  of  common  stock of the
                Company outstanding immediately after such action. An adjustment
                made pursuant to this subsection (A) shall become effective, and
                any such action shall be deemed to have been taken,  immediately
                after the record date in the case of a dividend or  distribution
                and  immediately  after  the  effective  date  in the  case of a
                subdivision or of a combination.

                         (b)  No  adjustment  in the  Purchase  Price  shall  be
                required  unless such  adjustment  would  require an increase or
                decrease of at least three percent (3%) in such price; provided,
                however,  that any adjustment which by reason of this subsection
                (B) is not  required  to be made  shall be carried  forward  and
                taken  into   account   in  any   subsequent   adjustment.   All
                calculations  under this  section  shall be made to the  nearest
                cent.

                         (c) In case  of any  capital  reorganization  or of any
                reclassification  of the common  stock of the  Company or in the
                case of the  consolidation of the Company with, or the merger of
                the Company with or into,  any other  corporation or of the sale
                of all of the  properties  and  assets  of the  Company  as,  or
                substantially  as, an  entirety to any other  corporation,  each
                warrant    shall,    after    such    capital    reorganization,
                reclassification of common stock, consolidation,  merger or sale
                be exercisable,  upon the terms and conditions specified in this
                agreement  and upon  payment  of the  Purchase  Price in  effect
                immediately  prior to such  action,  for the number of shares of
                common stock or other securities or property which he would have

<PAGE>

                owned or have been  entitled to receive  after the  happening of
                such capital  reorganization,  reclassification of common stock,
                consolidation,  merger or sale had such warrant  been  exercised
                immediately prior to such action, and in any case, if necessary,
                the  provisions  set forth in this  section  with respect to the
                rights and  interests  thereafter of the holders of the warrants
                shall  be  appropriately  adjusted  so as to be  applicable,  as
                nearly as may  reasonably  be,  to any  shares of stock or other
                securities or property thereafter  deliverable upon the exercise
                of the warrants.  The  subdivision  or  combination of shares of
                common  stock at any time  outstanding  into a greater or lesser
                number of shares  of  common  stock  shall not be deemed to be a
                reclassification  of the  common  stock of the  Company  for the
                purpose of this subsection (c).

                         (d) Upon each  adjustment  of the  Purchase  Price as a
                result of (i) a  dividend  or  distribution  in shares of common
                stock, or (ii) a subdivision of the outstanding shares of common
                stock,  the  number  of  Warrant  Shares  purchasable  upon  the
                exercise of any warrant  certificate  shall be  increased to the
                number of shares of common  stock  obtained by  multiplying  the
                number of shares of common stock  purchasable  immediately prior
                to such  adjustment  upon exercise of warrants  evidenced by the
                warrant  certificate held by such holder,  by the Purchase Price
                in effect  immediately prior to such adjustment and dividing the
                product so obtained by the  Purchase  Price in effect after such
                adjustment.

                         (e) Upon each  adjustment  of the  Purchase  Price as a
                result  of a  combination  of the  common  stock,  each  warrant
                certificate shall thereupon  evidence the right to purchase that
                number of shares of common  stock  obtained by  multiplying  the
                number of shares of common stock  purchasable  immediately prior
                to such  adjustment  upon exercise of the warrants  evidenced by
                the  warrant  certificate  held by such  holder by the  Purchase
                Price  in  effect  immediately  prior  to  such  adjustment  and
                dividing the product so obtained by the Purchase Price in effect
                after such adjustment.

                         (f)  Whenever  there is an  adjustment  in the Purchase
                Price,  as provided  herein,  the Company shall promptly cause a
                notice  stating  that  such  adjustment  has been  effected  and
                stating  the  Purchase  Price  then in effect  and the number of
                shares of common stock  purchasable upon exercise of any warrant
                certificate to be sent by first class mail, postage prepaid,  to
                each registered  holder of a warrant  certificate at his address
                appearing on the warrant register. The Company shall keep a copy
                of the notice on file and available for inspection by holders of
                warrant certificates during reasonable business hours.

                         (g)  Irrespective  of any  adjustments  in the Purchase
                Price or the number of shares purchasable upon the exercise of a
                warrant,  warrant certificates  theretofore or thereafter issued
                may continue to express the same  prices and number of shares as

<PAGE>

                are  stated  in  the  similar  warrant   certificates   issuable
                initially,  or at some  subsequent  time, and the Purchase Price
                and such number of shares  specified  therein shall be deemed to
                have been so adjusted.

                3. Notices to Warrant Holders.  Nothing  contained in any of the
warrant  certificates  shall be construed as conferring upon the holders thereof
the right to vote or to consent or to receive notice as  stockholders in respect
of the meeting of  stockholders  for the election of directors of the Company or
any other matters.

                4. Registration  Under the Securities Act of 1933. The holder of
this warrant, by acceptance hereof, agrees that the warrants represented by this
Warrant  Certificate  and the Warrant  Shares have been and will be acquired for
investment and not with a view to distribution or resale, and that neither these
warrants,  nor any such  shares,  will be  transferred  or disposed of except in
accordance with the Securities Act of 1933, as amended (the  "Securities  Act"),
and the then existing rules and regulations promulgated thereunder. The warrants
and the Warrant  Shares  shall not be  transferred  except  upon the  conditions
specified in these warrants and compliance with the provisions of the Securities
Act in respect of the transfer of any warrant or of any Warrant Shares.

                5. Notices.  Any notice pursuant to this Warrant  Certificate to
be given by the  Company  or the  holder of this  Warrant  Certificate  shall be
sufficiently given if sent by first class mail, postage prepaid,  addressed,  if
to the Company at its  principal  office,  or if to the warrant  holder,  to the
registered  holder's  address  as  it  last  appears  on  the  warrant  registry
maintained by the Company or, if appointed, to the warrant agent.

                6.  Governing  Law.  This Warrant  Certificate  and each warrant
evidenced  hereby  shall be deemed to be a  contract  made  under,  and shall be
construed in accordance with and governed by, the laws of the State of Utah.

                IN WITNESS WHEREOF, Gold Standard, Inc., has caused this Warrant
Certificate to be duly executed under its corporate seal.

DATED: ________________

                                             GOLD STANDARD, INC.

                                             By ----------------------------
                                                      President
(SEAL)

ATTEST:

By ------------------
      Secretary

<PAGE>

"The securities represented hereby have not been registered under the Securities
Act of 1933, and no transfer,  pledge,  hypothecation or other disposition of it
may be effected  unless  registered  under the Securities Act of 1933, or in the
opinion of counsel of Gold Standard,  Inc., such  disposition is exempt from the
registration provisions of the Act."

<PAGE>

                               NOTICE OF EXERCISE
                               ------------------

                The undersigned hereby elects to purchase ----- shares of Common
Stock,  par value  $0.001 per share,  of Gold  Standard,  Inc.,  pursuant to the
attached  Warrant  Certificate  ("Warrant") and tenders  herewith payment of the
Purchase Price in full, together with all applicable transfer taxes, if any.

                Subject to compliance with the applicable provisions of the U.S.
Securities  Act of 1933 and the  production  of  evidence  satisfactory  to Gold
Standard,  Inc. of such  compliance,  please issue a certificate or certificates
representing  said shares of Common  Stock in the name of the  undersigned,  or,
also subject to payment of the applicable  transfer taxes, in such other name as
may be specified below:

                                                  ------------------------------
                                                  Name

                                                  ------------------------------
                                                  ------------------------------

                                                  Address

                                                  ------------------------------
                                                  Signature

                FOR VALUE RECEIVED,                                       hereby
                                    ------------------------------------
sells, assigns and transfers unto

Name----------------------------------------------------------------------------
                (Please typewrite or print in block letters)

Address-------------------------------------------------------------------------

the right to purchase Common Stock  represented by this Warrant to the extent of
--------------  shares  as  to  which  right  is  exercisable  and  does  hereby
irrevocably  constitute  and appoint  -------------------------  , attorney,  to
transfer the same on the books of the Company with full power of substitution in
the premises.

                                                  ------------------------------
                                                  Signature

Dated:EXHIBIT 4.3

                  COMPETITIVE TECHNOLOGIES, INC.
                 2000 DIRECTORS STOCK OPTION PLAN

1.   Purpose

     This Stock Option Plan (the "Plan") is intended to assist
Competitive Technologies, Inc., a Delaware corporation (the
"Company"), in attracting and retaining qualified directors
("Directors") and to further align the interests of current and
future Directors with the long-term objectives of stockholders and
to provide to Directors a widely accepted means of increasing their
stake in the Company.  Benefits realized under the Plan will mirror
increases in value actually available to every stockholder.

2.   Eligibility

     The persons who shall be eligible to receive options under the
Plan ("Options") shall be Directors of the Company who are not
employees of the Company or any subsidiary of the Company (the
"Eligible Directors" or "Grantees").

3.   Stock

     Subject to the provisions of Section 10, an aggregate of
250,000 shares of the Company's common stock, $.01 par value
("Common Stock") will be reserved for issuance upon the exercise of
Options to be granted from time to time under the Plan.  In the
event that any outstanding Option under the Plan for any reason
expires or is canceled or terminated, the shares of Common Stock
allocable to the unexercised portion of such Option may again be
subject to an Option under the Plan.  The Company's obligation to
grant Options hereunder is limited to the number of shares of
Common Stock available for issuance hereunder, as described in the
preceding two sentences.  In the event that, on the date of grant,
the number of shares available under the Plan is less than the
number of shares needed for the Options to be granted on such date,
then the Option to be granted to each Director eligible to receive
an Option on such date shall be prorated, according to the number
of shares available under this section.  Nothing contained herein
shall obligate the Company to issue an Option for a fractional
share of Common Stock.

4.   Administration

     The Board of Directors (the "Board") will administer and
interpret the Plan, prescribe, amend and rescind any rules or
regulations necessary or appropriate for the administration of the
Plan, and make such other determinations and take such other
actions it deems necessary or advisable.  All decisions,
determinations, interpretations and other actions by the Board
shall be final and binding on all Grantees of Options granted under
the Plan and all persons deriving their rights from a Grantee.  No
member of the Board shall be liable for any action taken or failed
to be taken in good faith or determination made pursuant to the
Plan.

5.   Terms and Conditions of Options

     Options granted pursuant to the Plan shall be evidenced by
Option agreements in such form as the Board shall from time to time
approve ("Option Agreements"), which Option Agreements shall comply
with and be subject to the following terms and conditions:

     (a)  Grant of Options.

          (i)  Initial Grant.  On the day of the next annual meeting of
stockholders, expected to be held in January 2000, each individual
who, on such date, is elected as a Director at such meeting and is
an Eligible Director, shall receive an Option for 10,000 shares of
the Company's Common Stock.  Thereafter, on the date any new
Eligible Director is elected to office during the term of this
Plan, whether by the stockholders or by the Board, such new
Eligible Director shall receive an Option for 10,000 shares of the
Company's Common Stock.

          (ii) Annual Grants.  Each Eligible Director holding office on
the first business day in January of each year subsequent to the date
on which such person received an Option grant pursuant to Section
5(a)(i) above will receive, on that date, an additional Option for
10,000 shares of the Company's Common Stock.

     (b)  Fair Market Value.  The fair market value for purposes of the
Plan is defined as the average of the high and the low sales prices
as of a specified date as reported on the principal exchange on
which the Company's Common Stock is traded, or if such sales price
is not available, as determined in good faith (using customary
valuation methods) by resolution of the Board ("Fair Market
Value").

     (c)  Option Price.  Each Option Agreement shall state the price at
which the Option shares therein may be exercised, which price shall
be equal to 100% of the Fair Market Value on the date of grant.

     (d)  Term.  The term of any Option shall be ten years from its
grant date.

     (e)  Exercisability. Each Option shall be 100% vested upon grant.

     (f)  Transferability.  The Board shall retain the authority and
discretion to permit an Option to be transferable as long as such
transfers are made only to one or more of the following: children
of Grantee, spouse of Grantee, or grandchildren of Grantee, or
trusts in which Grantee and/or the aforementioned family members
("Permitted Transferees") have more than 50% of the beneficial
interest, provided that such transfer is a bona fide gift and
accordingly, the Grantee receives no value for the transfer as
provided in the instructions to SEC Form S-8, and that the Options
transferred continue to be subject to the same terms and conditions
that were applicable to the Options immediately prior to the
transfer. Options are also subject to transfer by will or the laws
of descent and distribution.  Options granted pursuant to this Plan
shall not be otherwise transferred, assigned, pledged, hypothecated
or disposed of in any way, whether by operation of law or
otherwise. A Permitted Transferee may not subsequently transfer an
Option. The designation of a beneficiary shall not constitute a
transfer.

     (g)  Termination of Option.  An Option shall terminate and shall
not be exercisable if Grantee ceases to be a Director of the
Company, except that (i) if such Grantee's directorship is
terminated on account of death or permanent disability, Grantee or
his or her successors or assigns may at any time within one year
after termination of Grantee's directorship exercise the Option and
(ii) if such Grantee's directorship is terminated for any reason
other than death or permanent disability, Grantee or his or her
successors or assigns may at any time within 180 days after
termination of Grantee's directorship exercise the Option.
Notwithstanding the foregoing provisions of this Section 5(g), an
Option may not be exercised to any extent by anyone after the
expiration of its term.  For purposes of this Section 5(g),
"permanent disability" shall mean a physical or mental impairment
which is expected to be of long and continuous duration or expected
to end in death, which impairment prevents the Grantee from
performing his duties as a Director. The determination of the Board
as to whether a Grantee is permanently disabled shall be final and
binding on all persons.

     (h)  Minimum Exercise.  The minimum number of shares with respect
to which an Option may be exercised in part at any time is 100.

6.   Restrictions on Shares

     (a)  Investment Purposes, Etc.  Prior to the issuance or
delivery of any shares of the Common Stock under the Plan, the
person exercising the Option may be required to:

          (i)  represent and warrant that the shares of Common Stock
to be acquired upon exercise of the Option are being acquired for
investment for the account of such person and not with a view to
resale or other distribution thereof;

         (ii)  represent and warrant that such person will not, directly
or indirectly, sell, transfer, assign, pledge, hypothecate or
otherwise dispose of any such shares unless the sale, transfer,
assignment, pledge, hypothecation or other disposition of the
shares is pursuant to the provisions of this Plan and effective
registrations under the  Securities Act of 1933, as amended ("1933
Act") and any applicable state or foreign securities laws or
pursuant to appropriate exemptions from any such registrations; and

        (iii)  execute such further documents as may reasonably
be required by the Board upon exercise of the Option or any part
thereof, including but not limited to any stock restriction
agreement that the Board may choose to require.

     (b)  Resale Restrictions.  Nothing in this Plan shall assure any
Grantee that shares issuable under the Option are registered on a
Form S-8 under the 1933 Act or on any other Form.  The certificate
or certificates representing the shares of Common Stock to be
issued or delivered upon exercise of an Option may bear a legend
evidencing the foregoing and other legends required by any
applicable securities laws.  Furthermore, nothing herein or any
Option granted hereunder will require the Company to issue any
Common Stock upon exercise of any Option if the issuance would, in
the opinion of counsel for the Company, constitute a violation of
the 1933 Act, applicable state or foreign securities laws, or any
other applicable rule or regulation then in effect. The Company
shall have no liability for failure to issue shares upon any
exercise of Options because of a delay pending the meeting of any
such requirements.

     (c)  Registration.  If the Company should elect in the future to
register under the 1933 Act shares issuable under this Plan, the
Board may modify or eliminate such of the foregoing representations
and warranties as the Board may deem appropriate.

7.   Payment for Shares

     (a)  Cash.  Payment in full for shares purchased under an
Option may be made in cash (including check, bank draft or money
order) at the time that the Option is exercised.

     (b)  Stock.  In lieu of cash a Grantee may make payment for
Common Stock purchased under an Option, in whole or in part, by
tendering to the Company in good form for transfer, shares of
Common Stock valued at Fair Market Value on the date the Option is
exercised.  Such shares must have been owned by the Grantee or the
Grantee's representative for a period of at least six months prior
to the exercise of the Option.

8.   Use of Proceeds from Stock

     Cash proceeds from the sale of stock pursuant to Options
granted under the Plan shall constitute general funds of the
Company.

9.   No Implied Covenants

     Neither this Plan nor any action taken hereunder shall be
construed as giving any Director any right to be retained in
office.

10.  Adjustments

     Changes or adjustments in the Option price, number of shares
subject to an Option or other specifics as the Board should decide
will be considered or made pursuant to the following rules:

     (a)  Upon Changes in Common Stock.  If the outstanding Common
Stock is increased or decreased, or is changed into or exchanged
for a different number or kinds of shares or securities, as a
result of one or more reorganizations, recapitalization, stock
splits, reverse stock splits, split-up, combination of shares,
exchange of shares, change in corporate structure, or otherwise,
appropriate adjustments will be made in the exercise price and/or
the number and/or kind of shares or securities for which Options
may thereafter be granted under this Plan and for which Options
then outstanding under this Plan may thereafter be exercised. The
Board will make such adjustments as it may deem fair, just and
equitable to prevent substantial dilution or enlargement of the
rights granted to or available for Grantees.  No adjustment
provided for in this Section 10 will require the Company to issue
or sell a fraction of a share or other security.  Nothing in this
Section will be construed to require the Company to make any
specific or formula adjustment.

     (b)  Prohibited Adjustment.  If any such adjustment provided
for in this Section 10 requires the approval of stockholders in
order to enable the Company to grant or amend Options, then no such
adjustment will be made without the required stockholder approval.

     (c)  Further Limitations.  Nothing in this Section will
entitle the Grantee to adjustment of his or her Option in the
following circumstances:

          (i)  The issuance or sale of additional shares of the
Common Stock through public offering or otherwise;

         (ii)  The issuance or authorization of an additional class
of capital stock of the Company;

        (iii)  The conversion of convertible preferred stock or debt
of the Company into Common Stock; and

         (iv)  The payment of dividends except as provided in Section 10(a).

     The grant of an Option shall not affect in any way the right
or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure, to
merge or consolidate or to dissolve, liquidate, sell or transfer
all or any part of its business or assets.

11.  Corporate Reorganizations

     Upon the dissolution or liquidation of the Company, or upon a
reorganization, merger or consolidation of the Company as a result
of which the outstanding securities of the class then subject to
Options hereunder are changed into or exchanged for cash or
property or securities not of the Company's issue, or upon a sale
of substantially all the property of the Company to, or the
acquisition of stock representing more than 80% of the voting power
of the stock of the Company then outstanding, by another
corporation or person, the Plan will terminate and all Options will
lapse.  The result described above will not occur if a provision is
made in writing in connection with such transaction for the
continuance of the Plan and/or for the assumption of Options
earlier granted, or the substitution for such Options, or options
covering the stock of a successor corporation, or a parent or a
subsidiary thereof, with appropriate adjustments as to the number
of shares and prices, in which event the Plan and Options
theretofore granted will continue in the manner and under the terms
so provided.

12.  Rights as a Stockholder

     A Grantee shall have no rights as a stockholder with respect
to any Common Stock covered by his or her Option until the date of
issuance of the stock certificate to the Grantee after receipt of
the consideration in full set forth in the Option Agreement.
Except as provided in Section 10 hereof, no adjustments will be
made for dividends, whether ordinary or extraordinary, whether in
cash, securities, or other property, or other distributions for
which the record date is prior to the date on which the stock
certificate is issued to the Grantee.

13.  Legal Requirements

     (a)  Compliance with All Laws.  The Company will not be
required to issue or deliver any certificates for shares of Common
Stock prior to (a) the listing of any such Common Stock to be
acquired pursuant to the exercise of any Option on any stock
exchange on which the Common Stock may then be listed, and (b) the
compliance with any registration requirements or qualification of
such shares under any federal securities laws, including without
limitation the 1933 Act, the rules and regulations promulgated
thereunder, or state securities laws and regulations, the
regulations of any stock exchange or interdealer quotation system
on which the Company's securities may then be listed, or obtaining
any ruling or waiver from any government body which the Company
may, in its sole discretion, determine to be necessary or
advisable, or which, in the opinion of counsel to the Company, is
otherwise required.

     (b)  Plan Subject to Delaware Law.  All questions arising with
respect to the provisions of the Plan will be determined by the
laws of the state of Delaware except to the extent that Delaware
laws are preempted by any federal law.

14.  Modification, Extension and Renewal

     (a)  Options.  Subject to the conditions of, and within the
limitations prescribed in the Plan herein, the Board may modify,
cancel or renew outstanding Options.  Notwithstanding the
foregoing, no modification will, without the prior written consent
of the Grantee, alter, impair or waive any rights or obligations
associated with any Option earlier granted under the Plan.

     (b)  Plan.  The Board at any time, and from time to time, may
interpret, amend or discontinue the Plan, subject to the
limitation, however, that, except as provided in Section 10, no
amendment shall be made, except upon stockholder approval, which
will:

          (i)   Increase the number of shares reserved for Options
     under the Plan; or

          (ii)  Reduce the Option price below that which is stated
     in this Plan for any Option granted to a Director covered by
     this Plan; or

          (iii) Change the requirements for eligibility for
     participation under the Plan.

15.  Plan Date and Duration

     This Plan shall become effective on the date that the
stockholders approve the Plan at the forthcoming annual meeting of
stockholders expected to be held in January 2000.  Options may not
be granted under the Plan after the first business day of January
2010.

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