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                                                                    EXHIBIT 4.11

                          Number of Shares:
                                            ----------
                         FORM OF U.S. TECHNOLOGIES INC.
                          COMMON STOCK PURCHASE WARRANT

THIS WARRANT AND THE SHARES PURCHASABLE UPON EXERCISE OF THIS WARRANT HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND,
NOTWITHSTANDING ANY OTHER PROVISION OF THIS WARRANT, MAY NOT BE SOLD,
TRANSFERRED OR ASSIGNED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER SUCH ACT COVERING SUCH SECURITIES OR THE CORPORATION RECEIVES AN OPINION
OF COUNSEL FOR THE HOLDER OF THESE SECURITIES (REASONABLY SATISFACTORY TO THE
CORPORATION AND ITS COUNSEL), OR AN OPINION OF THE CORPORATION'S COUNSEL,
STATING THAT SUCH SALE, TRANSFER, OR ASSIGNMENT IS EXEMPT FROM THE REGISTRATION
AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT AND ANY APPLICABLE STATE
SECURITIES LAWS.

         FOR VALUE RECEIVED, ______________________ or any successor in interest
(the "Holder"), is entitled to purchase from US. Technologies Inc., a Delaware
corporation (the "Corporation"), subject to the terms and conditions herein set
forth, at any time after [the Closing Date of the Merger] (the "Commencement
Date") and before 5:00 p.m. Eastern Standard Time on __________________, 2004
[3 years after the Closing Date of the Merger] (the "Expiration Date"),
____________ shares of duly authorized, validly issued, fully paid and
nonassessable Common Stock of the Corporation, US$0.02 par value (the "Warrant
Shares"), subject to adjustment of the number of shares constituting the Warrant
Shares as hereinafter provided. The Holder is entitled to purchase the Warrant
Shares for an exercise price of [the average price of the Corporation Common
Stock as reported on the "Over the Counter Market" ("OTC BB"), or other
nationally recognized market quotation system, for the 20 trading days
immediately prior to the closing date of the Acquisition, but in any event not
less than $0.25 per share] per share, subject to adjustment as hereinafter
provided (the "Exercise Price"), and is entitled also to exercise the other
appurtenant rights, powers, and privileges hereinafter set forth.

Definitions.

         For all purposes of this Warrant, unless the context otherwise
requires, the following terms have the following meanings:

         "Affiliate" shall mean, with respect to any Person, any other Person
directly or indirectly controlling, controlled by or under direct or indirect
common control with such Person. For the purposes of this definition, a Person
shall be deemed to control another Person if it possesses, directly or
indirectly, the power to direct or cause the direction of the management and
policies of such other Person, whether through ownership of voting securities,
by contract or otherwise.

         "Business Day" means any day other than a Saturday, Sunday or public
holiday or the equivalent for banks under the laws of Washington, D.C..

         "Closing Price" has the meaning ascribed to that term in Section 0.

                                                                    Exhibit 4.11
                                                                          Page 1
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         "Commencement Date" has the meaning ascribed to that term in the
forepart of this Agreement.

         "Common Stock" means the Corporation's authorized Common Stock, par
value $0.02 per share.

         "Common Stock Equivalents" has the meaning ascribed to that term in
Section 0.

         "Corporation" means U.S. Technologies Inc., a corporation organized and
existing under the laws of the State of Delaware, and any successor corporation.

         "Current Market Price"

         "Current Market Price" means, for any date, the average of the daily
Closing Prices per share of Common Stock for the 20 consecutive trading days
immediately prior to such date. The "Closing Price" per share of Common Stock
for each day shall be the last sale price, regular way, or, in case no such sale
takes place on such day, the average closing bid and asked prices, regular way,
in either case as reported in the principal consolidated transaction reporting
system with respect to securities listed or admitted to trading on the "Over the
Counter Market" ("OTC BB"), the NASDAQ National Market System, the New York
Stock Exchange or the American Stock Exchange, as applicable. If on any such
trading day or days such securities are not quoted by any such organization,
such trading day or days shall be replaced for purposes of the foregoing
calculation by the requisite trading day or days preceding the commencement of
such 20 trading day period on which such securities are so quoted. If shares of
Common Stock are not so listed or traded, the Current Market Price shall mean
the fair value per share of Common Stock as determined in good faith by the
Board of Directors, whose determination shall be described in a notice to the
Holders, based on (a) the most recently completed arm's-length transaction
between the Corporation and a Person other than an existing shareholder or other
Affiliate of the Corporation, the closing of which occurred on such date or
within the three-month period preceding such date, or (b) if no such transaction
shall have occurred on such date or within such three-month period, the advice
of an independent financial expert selected by the unanimous agreement of all
Directors.

         "Current Market Price of this Warrant" means the Current Market Price
of the Common Stock subject to this Warrant minus the Exercise Price of this
Warrant established in accordance with Article 4.

         "Exercise Price" means the exercise price for the Warrant Shares
established in accordance with Article 4.

         "Existing Stock" shall have the meaning ascribed to that term in
Section 4.4 hereof.

         "Expiration Date" has the meaning ascribed to that term in the forepart
of this Agreement.

         "Holder" means _________________________, and its successors or
permitted assigns as holder of this Warrant.

         "1933 Act" means the Securities Act of 1933, as amended.

         "Person" means any natural person, sole proprietorship, general
partnership, limited partnership, limited liability Company, joint venture,
trust, unincorporated organization, association, corporation, institution,
private or governmental entity, or party.

                                                                    Exhibit 4.11
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         "Rights" has the meaning ascribed to that term in Section 0.

         "Subscription Notice" means a written notice to the Corporation of
Holder's election to exercise its rights under the Warrant to purchase Common
Stock, in substantially the form appearing at the end of this Warrant.

         "Warrant" means this Warrant and any warrants issued on or in
substitution for this Warrant including warrants issued in exchange for this
Warrant pursuant to Article 2 hereof.

         "Warrant Shares" means the shares of Common Stock or other securities
acquired or to be acquired upon the exercise of the Warrant.

         Exercise of Warrant; Division of Warrant.

         Partial Exercise. This Warrant may be exercised, in whole or in part,
on or after the Commencement Date and until and including the Expiration Date.
In the event of a partial exercise, the Corporation shall execute and deliver to
the Holder (or to such other Person as shall be designated in the Subscription
Notice) a new Warrant covering the unexercised portion of the Warrant Shares.

         Procedure. To exercise this Warrant, the Holder shall deliver to the
Corporation at its principal office at the address set forth in Section 8.2
hereof:

         -        a written notice, in substantially the form of the
                  Subscription Notice appearing at the end of this Warrant, of
                  the Holder's election to exercise this Warrant;

         -        a cashier's or certified check payable to the Corporation in
                  the amount of the Exercise Price; and

         -        this Warrant.

         The Corporation shall as promptly as practicable, and in any event
within five Business Days after receipt of such notice, execute and deliver or
cause to be executed and delivered one or more certificates representing the
aggregate number of shares of Warrant Shares to which the Holder is entitled
and, if this Warrant is exercised in part, a new Warrant as set forth in Section
0.

         Name and Effective Date. The stock certificate(s) so delivered shall be
issued in the name of the Holder or such other name as shall be designated in
the Subscription Notice. Such certificate(s) shall be deemed to have been issued
and such Holder or any other Person so designated to be named therein shall be
deemed for all purposes to have become a holder of record of such shares as of
the date the Corporation actually receives the Subscription Notice.

         Expenses. The Corporation shall pay all expenses, taxes, and other
charges payable in connection with the preparation, issue, and delivery of such
stock certificate(s), except that, in case such stock certificate(s) shall be
registered in a name or names other than the name of the Holder of this Warrant,
stock transfer taxes that are payable upon the issuance of such stock
certificate(s) shall be paid by the Holder hereof.

         Legal Requirements. The Warrant Shares issued upon the exercise of this
Warrant shall be validly issued, fully paid and nonassessable.

                                                                    Exhibit 4.11
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         No Fractional Shares. The Corporation shall not be required to issue
fractional shares of Warrant Shares upon exercise of this Warrant. At the
Corporation's discretion, in the-event the Corporation determines not to issue
fractional shares, in lieu of any fractional shares to which the Holder would
otherwise be entitled, the Corporation shall pay cash equal to such fraction
multiplied by the Current Market Price.

         Registration: Exchange of Warrant. The Corporation will keep at its
principal office a register in which the Corporation will provide for the
registration and transfer of this Warrant. The Holder of this Warrant, or of any
warrant substituted therefor pursuant to the provisions of this Section 0, may,
at its option, in person or by duly authorized attorney, surrender the same for
exchange at such principal office of the Corporation and, within a reasonable
time thereafter and without expense (other than transfer taxes, if any), receive
in exchange therefor one or more duly executed warrants each evidencing the
right to receive one share of Common Stock of the Corporation or such other
whole number of shares as may be designated by the Holder at the time of
surrender. The Corporation covenants and agrees to take and cause to be taken
all action necessary to effect such registrations, transfers and exchanges. The
Corporation and any agent of the Corporation may treat the person in whose name
a warrant is registered as the owner of the warrant for all purposes hereunder
and neither the Corporation or such agent shall be affected by notice to the
contrary.

         Cashless Exercise. Notwithstanding Section 0 of this Warrant or any
other provision of this Warrant to the contrary, in addition to the Holder's
rights under this Warrant, the Holder may, upon full exercise of this Warrant,
at its election, pay the aggregate Exercise Price applicable to such exercise by
delivering the Warrant to the Corporation and receiving from the Corporation in
return therefor the number of shares of Common Stock having a Current Market
Price on the date of exercise equal to the "Current Market Price of this
Warrant" as established by Section 0.

         Transfer.

         Permitted Transfers. This Warrant shall be freely transferable, in
whole or in part, subject to the limitations specified in Section 0 herein.

         Securities Laws. This Warrant shall not be transferable unless:

         -        either a registration statement under the 1933 Act is in
                  effect covering the Warrant or the Corporation has received an
                  opinion from the Corporation's counsel to the effect that such
                  registration is not required, or the Holder has furnished to
                  the Corporation an opinion of Holder's counsel, which counsel
                  shall be reasonably satisfactory to the Corporation, to the
                  effect that such registration is not required; and

         -        the proposed transfer complies with any applicable state
                  securities laws.

         In the event Holder seeks an opinion from the Holder's counsel as to
transfer without registration, the Corporation shall provide such factual
information to Holder's counsel as Holder's counsel may reasonably request for
the purpose of rendering such opinion, and such counsel may rely on the accuracy
and completeness of such information in rendering such opinion. In the event the
Corporation seeks an opinion from the Corporation's counsel as to transfer
without registration, the Holder shall provide such factual information to the
Corporation's counsel as Corporation's counsel way reasonably request for the

                                                                    Exhibit 4.11
                                                                          Page 4
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purpose of rendering such opinion, and such counsel may rely on the accuracy and
completeness of such information in rendering such opinion.

         Procedure. Subject to the limitations set forth in Section 0, the
Holder may transfer this Warrant on the books of the Corporation by surrendering
at the principal office of the Corporation at the address set forth in Section
8.2 hereof:

         -        this Warrant;

         -        a written assignment of this Warrant, in substantially the
                  form of the Assignment appearing at the end of this Warrant,
                  naming the assignee and duly executed by the Holder; and

         -        funds sufficient to pay any stock transfer taxes payable upon
                  the making of such transfer.

         The Corporation shall thereupon execute and deliver a new Warrant in
the name of the assignee specified in such instrument of assignment, and if this
Warrant is transferred in part, the Corporation shall also execute and deliver
in the name of the Holder a new Warrant covering the untransferred portion of
this Warrant. Upon issuance of the new Warrant or Warrants, the Warrant
surrendered for transfer shall be canceled by the Corporation.

         Expenses. The Corporation shall pay all expenses, taxes (other than
transfer taxes) and other charges payable in connection with the preparation,
issue and delivery of any new Warrant under this Article 3.

         Exercise Price and Adjustments.

         Initial Exercise Price. The initial Exercise Price for the Warrant
Shares shall be [the average price of the Corporation Common Stock as reported
on the "Over the Counter Market" ("OTC BB"), or other nationally recognized
market quotation system, for the 20 trading days immediately prior to the
closing date of the Acquisition, but in any event not less than $0.25 per share]
per share of Common Stock, subject to adjustment as set forth in this Article 4.

         Stock Splits, Stock Dividends and Reverse Stock Splits. If at any time
the Corporation shall subdivide (by reclassification, by the issuance of a
Common Stock dividend on Common Stock, or otherwise) its outstanding shares of
Common Stock into a greater number, the number of shares of Common Stock that
may be purchased hereunder shall be increased proportionately and the Exercise
Price per share of Common Stock shall be decreased proportionately as of the
effective date of such action. The effective date of a stock dividend shall be
the date on which the dividend is declared. Issuance of a Common Stock dividend
shall be treated as a subdivision of the whole number of shares of Common Stock
outstanding immediately before the record date for such dividend into a number
of shares equal to such whole number of shares so outstanding plus the number of
shares issued as a stock dividend. If at any time the Corporation shall combine
(by reclassification or otherwise) its outstanding number of shares of Common
Stock into a lesser number, the number of shares of Common Stock that may be
purchased hereunder shall be reduced proportionately and the Exercise Price per
share of Common Stock shall be increased proportionately as of the effective
date of such action.

                                                                    Exhibit 4.11
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         Dividends Other than in Common Stock or Cash: Other Distributions. If
at any time while this Warrant is outstanding the Corporation shall declare or
make for the benefit of all holders of its Common Stock any dividend or
distribution upon its Common Stock other than ordinary cash dividends or
distributions to which Section 0 or 0 apply (whether payable in stock of any
class or classes other than its Common Stock or payable in evidences of
indebtedness or assets or in rights, options, or warrants or convertible or
exchangeable securities), then in each such case the number of shares of Common
Stock that may be purchased hereunder shall be determined by multiplying the
number of shares of Common Stock theretofore comprising the Warrant Shares by a
fraction, the numerator of which shall be the Current Market Price per share of
the Common Stock determined in accordance with Section 0 as of the record date
for such dividend or distribution and the denominator of which shall be the
Current Market Price per share, as so determined, less the fair value as of such
date, as reasonably determined by the Board of Directors of the Corporation, of
the portion of such dividend or distribution applicable to one share of Common
Stock. Such adjustment shall be made whenever any such distribution is made, and
shall become effective on the date of distribution retroactive to the record
date for the determination of shareholders entitled to receive the distribution.
In the event the Corporation determines that the adjustment provided for above
is unduly difficult or expensive to effect because of difficulties of valuation,
the Corporation may, at its option and as an alternative to the adjustment,
distribute and place in escrow for the Holder that portion of such dividend or
distribution which the Holder would have received had it exercised this Warrant
before the declaration of the dividend or the making of the distribution. Upon
exercise of this Warrant, the Holder shall receive its portion of the dividend,
distribution or rights held is escrow.

         Issuance on Common Stock of Options, Warrants or Rights.

         If at any time while this Warrant is outstanding the Corporation shall
grant to all holders of its Common Stock any rights, options or warrants
(referred to in this Section 0 as "Rights") entitling them to purchase shares of
Common Stock at a price per share that is lower at the record date for such
issuance than the Current Market Price of the Common Stock on such date
determined in accordance with Section 0, (i) the number of shares of Common
Stock that may be purchased hereunder shall be adjusted by multiplying the
number of Shares of Common Stock theretofore comprising the Warrant Shares by a
fraction of which the numerator shall be the number of shares of Common Stock
outstanding or subject to issuance other than pursuant to the Rights as of such
record date (the "Existing Stock") plus the number of shares subject to issuance
pursuant to the Rights and the denominator of which shall be the number of
shares of Existing Stock plus the number of shares which the aggregate exercise
price of the Rights would purchase at the then Current Market Price per share of
Common Stock; and (ii) the Exercise Price shall be adjusted by multiplying the
Exercise Price in effect immediately prior to such adjustment by a fraction, the
numerator of which is equal to the number of shares of Common Stock that could
be purchased hereunder immediately prior to the adjustment contemplated by
Section 00(i) and the denominator of which is equal to the number of shares of
Common Stock that can be purchased hereunder immediately following such
adjustment. Such adjustments shall be made whenever Rights are issued and shall
become effective retroactively immediately after the record date for the
determination of shareholders entitled to receive such Rights. In the event the
Corporation determines that the adjustments provided for above in this Section
are unduly difficult or expensive to effect because of difficulties of
valuation, the Corporation may, at its option and as an alternative to the
adjustment, grant and convey to the Holder the Rights which the Holder would
have received had it exercised this Warrant before issuance of the Rights.

                                                                    Exhibit 4.11
                                                                          Page 6
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         On the expiration or termination of any of the Rights, the number of
shares of Common Stock then purchasable upon the exercise of each Warrant and
the Exercise Price then in effect shall be subject to readjustment and the
number of shares of Common Stock subject to the Warrants shall forthwith be
decreased and the Exercise Price under the Warrants shall forthwith be increased
to that which would have been in effect at the time of such expiration or
termination had such Rights, to the extent outstanding immediately prior to such
expiration or termination, never been issued.

         Anti-dilution Adjustment.

         In case the Corporation shall at any time after the date of this
Warrant issue for consideration any shares of Common Stock at a per-share price
less than the Current Market Price, or any securities or rights (such other
securities or rights herein called "Common Stock Equivalents") convertible into
Common Stock or entitled to receive Common Stock or any other equity security
entitled to participate with the Common Stock in the earnings or assets of the
Corporation (but not any equity security entitled to a fixed preference in such
earnings or assets rather than a participation therein) for a price per share
(including both the purchase price of such Common Stock Equivalents and any
additional amount required to be paid upon the exercise thereof) less than the
per share Current Market Price (i) the Exercise Price shall forthwith be reduced
by multiplying it by a fraction:

         The numerator of which is equal to the sum of

                  (x) the total number of shares of Common Stock outstanding
                  immediately prior to such issuance (including the Warrant
                  Shares) multiplied by the Current Market Price of the Common
                  Stock,

                  (y) the total number of additional shares of Common Stock so
                  sold multiplied by the price per share, if any, for which such
                  shares are sold, and

                  (z) the aggregate amount paid for the Common Stock Equivalents
                  so sold plus the aggregate amount subsequently required to be
                  paid upon the exercise of such Common Stock Equivalents to
                  acquire the subject shares of Common Stock (for the purpose of
                  this Section 4.5, the sum of (x), (y) and (z) to be referred
                  to as the "Numerator").

and:

         The denominator of which is equal to the total number of shares of
         Common Stock (including the Warrant Shares) deemed to be outstanding
         immediately after the issuance of such additional shares of Common
         Stock or Common Stock Equivalents multiplied by the Current Market
         Price of the Common Stock (for the purpose of this Section 4.5, the
         "Denominator").

         provided, however, that should the Numerator be equal to or greater
than the Denominator, the Exercise Price shall remain unchanged for the purpose
of this Section 4.5(a).

         (ii)     The number of Warrant Shares shall be increased to an amount
         equal to the result obtained by (x) multiplying the number of Warrant
         Shares by the Exercise Price in effect immediately before the
         adjustments contemplated by this Section 0 and (y) dividing by the
         Exercise Price in effect immediately after the adjustment contemplated
         by this Section 0.

                                                                    Exhibit 4.11
                                                                          Page 7
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         For purposes of clause (i) of Subsection 00, the total number of shares
of Common Stock deemed to be outstanding shall include that number of shares of
Common Stock actually outstanding plus that number of shares of Common Stock
then issuable under this Warrant plus that number of shares of Common Stock then
issuable pursuant to the terms of the Common Stock Equivalents.

         For purposes of this Section 0, the price per share for which
additional shares of Common Stock and Common Stock Equivalents are issued or
sold shall, to the extent such price consists of cash, be computed on the basis
of the amount of cash received by the Corporation (and in the case of Common
Stock Equivalents, such amount plus the amount of cash required to be paid to
acquire additional shares of Common Stock), after deduction of any expenses
payable by the Corporation and any underwriting or similar commissions,
compensations or concessions paid or allowed by the Corporation in connection
with such issue or sale. To the extent that the consideration for such
additional shares and Common Stock Equivalents is property or services other
than cash, the amount thereof shall be the value received by or required to be
paid to the Corporation as fixed in good faith by the Board of Directors of the
Corporation.

         Upon the expiration unexercised of the entitlement to receive shares of
Common Stock under any Common Stock Equivalents the issuance of which resulted
in an adjustment to the Exercise Price under this Section 0, then the Exercise
Price shall thereupon be increased by the amount that the issuance or sale of
such Common Stock Equivalent caused the Exercise Price to be decreased (subject
to any applicable adjustment hereunder) and thereafter adjustments will be made
to the Exercise Price in accordance with this Section 0.

         Reorganization and Reclassification. In case of any capital
reorganization or any reclassification of the capital stock of the Corporation
while this Warrant remains outstanding, the Holder of this Warrant shall
thereafter be entitled to purchase pursuant to this Warrant (in lieu of the kind
and number of shares of Common Stock comprising Warrant Shares that such Holder
would have been entitled to purchase or acquire immediately before such
reorganization or reclassification) the kind and number of shares of stock of
any class or classes or other securities or property for or into which such
shares of Common Stock would have been exchanged, converted, or reclassified if
the Warrant Shares had been purchased immediately before such reorganization or
reclassification. In case of any such reorganization or reclassification,
appropriate provision (as determined by resolution of the Board of Directors of
the Corporation) shall be made with respect to the rights and interest
thereafter of the Holder of this Warrant, to the end that all the provisions of
this Warrant (including adjustment provisions) shall thereafter be applicable,
as nearly as reasonably practicable, in relation to such stock or other
securities or property.

         When Adjustment Is Not Required. No adjustment in the Exercise Price or
the numbers of Warrant Shares need be made under this Article 4 in connection
with any of the following:

         A change in the par value of the Common Stock; provided, however, that
         in no event shall the Corporation increase the par value of the Common
         Stock to an amount greater than the Exercise Price that would be in
         effect subsequent to the transaction in which the par value would be
         increased.

         A grant of employee stock options or other stock awards or plans (i)
         which are exercisable at the current market price of the Common Stock
         at the date of such award (calculated in accordance with any such
         option plan) and (ii) which in the aggregate do not exceed 10% of the
         outstanding Common Stock of the Corporation, on a fully diluted basis.
         Any employee stock options granted

                                                                    Exhibit 4.11
                                                                          Page 8
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         which exceed such percentage shall be considered in connection with the
         adjustments under Section 0.

         Statement of Adjustment of Warrant Shares. Whenever the number or kind
of shares comprising the Warrant Shares or the Exercise Price is adjusted
pursuant to this Article 4, the Corporation shall promptly give notice to the
Holder of record of the outstanding Warrant, stating that such an adjustment has
been effected and setting forth the number and kind of shares purchasable and
the amount of the then-current Exercise Price, and stating in reasonable detail
the facts requiring such adjustment and the calculation of such adjustment.

         No Other Adjustments. No adjustments in the number or kind or price of
shares constituting Warrant Shares shall be made except as provided in this
Article 4.

         Covenants of the Corporation.

         The Corporation covenants and agrees that:

         Adjustment of Par Value. Before taking any action that would cause an
adjustment reducing the Exercise Price per share below the then par value of the
shares of Warrant Shares issuable upon exercise of the Warrant, the Corporation
will take any corporate action that may be necessary in order that the
Corporation may validly and legally issue fully paid and nonassessable shares of
such Warrant Shares at such adjusted price.

         Notice of Certain Significant Events. In case the Corporation proposes:

         -        to pay any dividend, payable in stock (of any class or
                  classes) or in convertible securities, upon its Common Stock
                  or to make any distribution (other than ordinary cash
                  dividends) to the holders of its Common Stock; or

         -        to subdivide as a whole (by reclassification, by the issuance
                  of a stock dividend on Common Stock, or otherwise) the number
                  of shares of Common Stock then outstanding into a greater
                  number of shares of Common Stock, with or without par value;
                  or

         -        to grant to the holders of its Common Stock generally any
                  rights or options; or

         -        to effect any capital reorganization or reclassification of
                  capital stock of the Corporation; or

         -        to consolidate with, or merge into, any other corporation or
                  business or transfer its property as an entirety or
                  substantially as an entirety; or

         -        to effect the liquidation, dissolution or winding up of the
                  Corporation; or

         -        to make any other fundamental change in respect of which the
                  Holder of this Warrant would have been entitled to vote,
                  pursuant to voting rights which are required to be afforded to
                  the Holder under the corporation law of Delaware, if this
                  Warrant had been previously exercised;

then the Corporation shall cause notice of any such intended action to be given
to the Holder of record of this Warrant (i) not less than 60 days before the
date on which the transfer books of the Corporation shall

                                                                    Exhibit 4.11
                                                                          Page 9
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close or a record be taken for such stock dividend, distribution, granting of
rights or options or for determining rights to vote in respect of any
fundamental change, including any capital reorganization, reclassification,
consolidation, merger, transfer, liquidation, dissolution, winding up or any
other fundamental change, and (ii) in the case of any such capital
reorganization, reclassification, consolidation, merger, transfer, liquidation,
dissolution, winding up, or other fundamental change, not less than 30 days
before the same shall be effective.

         Limitation of Right or Liability.

         No provision of this Warrant shall be construed as conferring upon the
Holder hereof the right to vote or to consent or to receive dividends or to
receive notice as a stockholder in respect of meetings of stockholders for the
election of directors of the Corporation or any other matter whatsoever as a
stockholder of the Corporation. In the absence of affirmative action by the
Holder hereof to purchase shares of Common Stock, no provision hereof shall give
rise to any liability of such Holder for the purchase price or as a stockholder
of the Corporation, whether such liability is asserted by the Corporation or by
creditors of the Corporation.

         Certain Mergers: Liquidation.

         Continuation of Warrant. Except as provided in Section 0, in the event
that the Corporation proposes to consolidate with, or merge into, any other
corporation or business or to transfer its property as an entirety or
substantially as an entirety, or to effect the liquidation, dissolution or
winding up of the Corporation, or to change the Common Stock in any manner
(other than to change its par value, subject to Sections 0 and 0 hereof), then
after the Corporation causes notice of such proposed action to be given to the
Holder of record as provided in Section 0, the Holder shall be entitled, on or
before the effective date of such merger, consolidation, transfer, liquidation,
dissolution, winding up, or change, to require the Corporation of the successor
or purchasing entity, as the case may be, to (a) execute with the Holder an
agreement providing that the Holder shall have the right thereafter and
throughout the then remaining term of this Warrant, upon payment of the Exercise
Price per Warrant Share in effect immediately prior to such action to purchase
with respect to each share of Warrant Shares issuable upon exercise of this
Warrant the kind and amount of shares of stock and other securities, property
(including cash) or any combination thereof which the Holder would have owned or
have been entitled to receive after the happening of such consolidation, merger,
sale, conveyance, or change had this Warrant been exercised with respect to such
share of the Warrant Shares immediately prior to such action and (b) make
effective provision in its Certificate of Incorporation or otherwise, if
necessary, in order to effect such agreement. Such agreement shall provide for
adjustments which shall be as nearly equivalent as practicable to the
adjustments in Article 4 of this Warrant. The provisions of this Section 0 shall
similarly apply to successive consolidations, mergers, sales, conveyances, or
changes.

         Exception. Section 0 shall not apply to a consolidation or merger with
a Person in which the Corporation is the surviving entity.

         Miscellaneous.

         Governing Law. The rights of the parties arising under this Warrant
shall be construed and enforced under the laws of the State of Delaware without
giving effect to any choice of law or conflict of law rules.

                                                                    Exhibit 4.11
                                                                         Page 10
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         Notices. Any notice or other communication required or permitted to be
given or delivered pursuant to this Warrant shall be in writing and shall be
deemed effective as of the date of receipt if delivered personally or by
facsimile transmission (if receipt is confirmed by the facsimile operator of the
recipient), or delivered by overnight courier service or mailed by registered or
certified mail (return receipt requested), postage prepaid, to the parties at
the following addresses (or at such other address in the United States for a
party as shall be specified by like notice; provided that notices of change of
address shall be effective only upon receipt thereof):

                  (i) to the Holder as follows:

                  Attn:
                  Facsimile No.:

                  copies to:

                  (ii) to the Corporation as follows:

                  U.S. Technologies Inc.
                  1130 Connecticut Ave., NW
                  Suite 700
                  Washington, DC 20036
                  Attn: Gregory Earls
                  Facsimile Number: (202) 466-4557

                  with copies to:

                  Shaw Pittman
                  2300 N Street, N.W.
                  Washington, DC 20037
                  Attn: Gregory Feis, Esq.
                  Facsimile Number: (202) 663-8007

         Severability. If any provision of this Warrant shall be held invalid,
such invalidity shall not affect any other provision of this Warrant that can be
given effect without the invalid provision, and to this end, the provisions
hereof are separable.

         Headings. The headings in this Warrant are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Warrant.

         Amendment. This Warrant cannot be amended or modified except by a
written agreement executed by the Corporation and the Holder.

         Assignment. This Warrant shall be binding upon and inure to the benefit
of the parties hereto and their respective heirs, personal representatives,
successors and assigns except that no party may assign or transfer its rights or
obligations under this Warrant to the extent explicitly prohibited herein.

                                                                    Exhibit 4.11
                                                                         Page 11
<PAGE>   12

         Entire Agreement. This Warrant, together with its attachments, contains
the entire understanding among the parties hereto with respect to the subject
matter hereof and supersedes all prior and contemporaneous agreements and
understandings, inducements or conditions, express or implied, oral or written,
except as herein contained.

                                                                    Exhibit 4.11
                                                                         Page 12
<PAGE>   13

         IN WITNESS WHEREOF, the Corporation has caused this Warrant to be
signed in its name by its President or a Vice President thereunto duly
authorized.

Dated:
       -----------------------------

                                       U.S. TECHNOLOGIES INC.

                                       By:
                                          -------------------------------------
                                       Gregory Earls
                                       Chairman and CEO

                                                                    Exhibit 4.11
                                                                         Page 13
<PAGE>   14

                               SUBSCRIPTION NOTICE

         The undersigned, the Holder of a Common Stock Purchase Warrant issued
by U.S. Technologies Inc. pursuant to the Merger Agreement dated as of
_____________, 2001 among U.S. Technologies Inc., Yazam.com Inc., and U.S.
Technologies Acquisition Co., hereby elects to exercise purchase rights
represented by such Warrant for, and to purchase thereunder, _______ shares of
the Common Stock covered by such Warrant and herewith makes payment in full
therefor of ___________ and requests that certificates for such shares (and any
securities or the property issuable upon such exercise) be issued in the name of
and delivered to ___________________________________________________________,
whose address is

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

-----------------------------------------------------------------------------.

         If said number of shares of Common Stock is less than the number of
shares of Warrant Shares purchasable hereunder, the undersigned requests that a
new Warrant representing the balance of the Warrant Shares be registered in the
name of and issued and delivered to
______________________________________________________________, whose address is

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

-----------------------------------------------------------------------.

         The undersigned hereby agrees to pay any transfer taxes on the transfer
of all or any portion of the Warrant or Warrant Shares requested herein that is
issued to a Person other than the undersigned Holder.

         The undersigned agrees that, in the absence of an effective
registration statement with respect to Common Stock issued upon this exercise,
the undersigned is acquiring such Common Stock for investment and not with a
view to distribution thereof and the certificate or certificates representing
such Common Stock may bear a legend substantially as follows: "The shares
represented by this certificate have not been registered under the Securities
Act of 1933, as amended, and may not be transferred except as provided in
Article 3 of the Common Stock Purchase Warrant issued by U.S. Technologies Inc.
on [______________, 2001], a copy of which is on file at the principal office of
U.S. Technologies Inc."

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

Date:
      ---------------------

                                                                    Exhibit 4.11
                                                                         Page 14
<PAGE>   15

                                   ASSIGNMENT

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto [Name and Address] the rights with respect to        Warrant Shares
     ------------------                            ------
represented by the foregoing Common Stock Purchase Warrant issued by U.S.
Technologies Inc. on [date] , and appoints            , its attorney to transfer
                     ------                -----------
said rights on the books of said corporation, with full power of substitution in
the premises.

                                       ----------------------------------------
                                       Signature guaranteed:

Date:
     ----------------------

                                                                    Exhibit 4.11
                                                                         Page 15<PAGE>   1
                                                                    EXHIBIT 10.2

                             U.S. TECHNOLOGIES INC.
                   1999 STOCK OPTION PLAN, AS FURTHER AMENDED

                                   1. PURPOSE

         The purpose of the U.S. Technologies Inc. 1999 Stock Option Plan (the
"Stock Option Plan") is to encourage and enable eligible directors, officers,
key employees and consultants of U.S. Technologies Inc. (the "Company") and its
subsidiaries to acquire proprietary interests in the Company, through the
ownership of Common Stock of the Company (the "Stock"). The Company believes
that directors, officers, key employees and consultants who participate in the
Stock Option Plan will have a closer identification with the Company by virtue
of their ability as shareholders to participate in the growth and earnings of
the Company. The Plan also is designated to provide motivation for participating
directors, officers, key employees and consultants to remain a director,
employee or consultant of the Company and its subsidiaries and to give greater
effort on behalf of the Company and its subsidiaries. It is the intention of the
Company that the Stock Option Plan provide for the award of incentive stock
options (the "Qualified Options") qualified under Section 422 of the Internal
Revenue Code of 1986, as amended (the "Code") and the regulations promulgated
thereunder, as well as the award of nonqualified stock options (the
"Non-Qualified Options"). Accordingly, the provisions of the Stock Option Plan
related to the Qualified Options shall be construed so as to extend and limit
participation in a manner consistent with the requirements of Section 422 of the
Code.

                                 2. DEFINITIONS

         The following words or terms shall have the following meanings:

         (a)      "Agreement" shall mean a stock option agreement between the
Company and an Eligible Employee or Eligible Participant pursuant to the terms
of this Plan.

         (b)      "Board of Directors" shall mean the Board of Directors of the
Company.

         (c)      "Change in Control of the Company" shall mean if: (a) any
"person" (defined as such term is used in Sections 13(d) and 14(d)(2) of the
Securities Exchange Act of 1934, as amended) other than a "person" who together
with all members of such person's family as of November 29, 1999 was the
beneficial owner, directly or indirectly, of thirty-five percent (35%) or more
of the Company's Common Stock, is or becomes the beneficial owner, directly or
indirectly, of securities of the Company representing thirty-five percent (35%)
or more of the combined voting power of the Company's outstanding securities
then entitled to vote for the election of directors; (b) there is a change in
the composition of the Board over a period of twenty-four (24) consecutive
months or less such that a majority of the Board members (rounded up to the next
whole number) cease, by reason of one or more proxy contests for the election of
Board members, to be comprised of individuals who either (x) have been Board
members continuously since the beginning of such period or (y) have been elected
or nominated for election as Board members during such period by at least
two-thirds of the Board members described in clause (x) who were still in office
at the time such election or nomination was approved by the Board; or (c) the
shareholders shall approve the sale of all or substantially all of the assets of
the Company or any merger, consolidation, issuance of securities or purchase of
assets, the result of which would be the occurrence of any event described in
clause (a) or (b) above.

                                                                    Exhibit 10.2
                                                                          Page 1
<PAGE>   2

         (d)      "Committee" shall mean the committee by the Board of Directors
for the purpose of administering the Stock Option Plan, which committee shall at
all times consist of two or more Non-Employee Directors.

         (e)      "Company" shall mean U.S. Technologies Inc., a corporation
chartered under the laws of the State of Delaware.

         (f)      "Eligible Employee(s)" shall mean key employees regularly
employed by the Company or a Subsidiary (including officers, whether nor not
they are directors) as the Board of Directors or the Committee shall select from
time to time.

         (g)      "Eligible Participant(s)" shall mean an Eligible Employee, a
Non-Employee Director or consultants or advisors who are not employees of the
Company or a Subsidiary but who, in the sole discretion of the Board of
Directors or the Committee, are providing or are expected to provide benefits,
including actual services, to the Company or a Subsidiary.

         (h)      "Market Price" shall mean the fair market value of the
Company's Common Stock as determined by the Board of Directors or the Committee,
acting in good faith, under any method consistent with the Code, or Treasury
Regulations thereunder, which the Board of Directors or the Committee shall in
its discretion select and apply at the time of the grant of the option
concerned. Subject to the foregoing, the Board of Directors or the Committee, in
fixing the market price, shall have full authority and discretion and be fully
protected in doing so.

         (i)      "Non-Employee Director(s)" means a member of the Board of
Directors or a member of the board of directors of a Subsidiary, in each case,
who is not a regular salaried employee of the Company or one of its
Subsidiaries. As it relates to members of the Committee as such term is defined
in this Section 2, "Non-Employee Director" shall have the meaning set forth in
Rule 16b-3(b)(3) under the Securities Exchange Act of 1934, as amended
(including any successor statute, rule or regulation) and the meaning of an
"outside director" as set forth in Section 162(m) of the Code and the rules and
regulations thereunder (including any successor statute, rule or regulation).

         (j)      "Optionee" shall mean an Eligible Employee or Eligible
Participant having a right to purchase Common Stock pursuant to the Stock Option
Plan.

         (k)      "Option(s)" shall mean the right or rights granted to Eligible
Employees or Eligible Participants to purchase Common Stock under the Stock
Option Plan.

         (l)      "Permanent and total disability" shall be as defined in
Section 22(e)(3) of the Code.

         (m)      "Plan" shall mean this U.S. Technologies Inc. 1999 Stock
Option Plan.

         (n)      "Shares", "Stock" or "Common Stock" shall mean shares of the
$.02 par value Common Stock of the Company.

         (o)      "Subsidiary" shall mean any corporation, if the Company owns
or controls, directly or indirectly, a majority of the voting stock of such
corporation.

         (p)      "Ten Percent Owner" shall mean an individual who, at the time
an Option is granted, owns directly or indirectly (under the ownership
attribution rules of Code Section 424(d)) more than ten percent (10%) of the
total combined voting power of all classes of stock of the Company or a
Subsidiary.

                                                                    Exhibit 10.2
                                                                          Page 2
<PAGE>   3

                                3. EFFECTIVE DATE

         The effective date of the Stock Option Plan (the "Effective Date")
shall be the date the Stock Option Plan is adopted by the Board of Directors or
the date the Stock Option Plan is approved by the shareholders of the Company,
whichever is earlier. The Stock Option Plan must be approved by the affirmative
vote of not less than a majority of the Shares entitled to vote at a meeting at
which a quorum is present, which shareholder vote must be taken within twelve
months after the date the Stock Option Plan is adopted by the Board of
Directors. Such shareholder vote shall not alter the Effective Date of the Stock
Option Plan. In the event shareholder approval of the adoption of the Stock
Option Plan is not obtained within the aforesaid twelve-month period, then any
Options granted in the intervening period shall be nonqualified stock options
and not entitled to incentive stock option treatment under the provisions of
Section 422 of the Code.

                           4. SHARES RESERVED FOR PLAN

         The Common Stock to be sold to Eligible Participants under the Stock
Option Plan may at the election of the Board of Directors or the Committee be
either treasury shares or Shares originally issued for such purpose. The maximum
number of Shares which shall be reserved and made available for sale under the
Stock Option Plan shall be 30,000,000 provided, however, that such Shares shall
be subject to the adjustments provided in Section 8(h); and provided further
that, options shall not be exercisable with respect to more than 8,000,000
Shares unless and until the Company's Restated Certificate of Incorporation has
been amended to authorize the issuance of at least 200,000,000 shares of Common
Stock. Any Shares subject to an Option which for any reason expires or is
terminated unexercised may again be subject to an Option under the Stock Option
Plan.

                   5. ADMINISTRATION OF THE STOCK OPTION PLAN

         The Stock Option Plan shall be administered by the Board of Directors
or the Committee.

         Within the limitations described herein and except as otherwise
provided in the Stock Option Plan, the Board of Directors or the Committee shall
administer the Stock Option Plan, select the Eligible Participants to whom
Options will be granted, determine the number of shares of Stock to be optioned
to each Eligible Participant and interpret, construe and implement the
provisions of the Stock Option Plan. The Board of Directors or the Committee
shall also determine the price to be paid for the shares of Stock upon exercise
of each Option, the period within and the times at which (including vesting,
whether exercisable in whole or in part and the acceleration of any vesting)
each Option may be exercised, and the terms and conditions, consistent with the
terms of the Stock Option Plan, of each Option granted pursuant to the Stock
Option Plan; provided that, unless otherwise expressly set forth to the contrary
in an Optionee's Agreement, in the event of a Change in Control of the Company,
all outstanding Options not then exercisable but subject to vesting pursuant to
such Optionee's Agreement shall be deemed vested and shall immediately become
exercisable.

         The Board of Directors and the Committee, in connection with their
administration of the plan, may adopt or effect, or authorize the Company to
adopt or effect, procedures and practices with respect to the Stock Option Plan
and options awarded or exercised pursuant thereto so that actions, including
option exercises, are in compliance or satisfy, when appropriate, relevant legal
requirements, including under applicable securities and tax (including
withholding taxes) laws and related rules, regulations and policies. The Board
of Directors and Committee members shall be reimbursed for out-of-pocket
expenses reasonably incurred in the administration of the Stock Option Plan.

         If the Stock Option Plan is administered by the Board of Directors, a
majority of the members of the Board of Directors shall constitute a quorum, and
the act of a majority of the members of the Board of

                                                                    Exhibit 10.2
                                                                          Page 3
<PAGE>   4

Directors present at any meeting at which a quorum is present, or acts approved
in writing by all members of the Board of Directors shall be the acts of the
Board of Directors. If the Stock Option Plan is administered by the Committee, a
majority of the members of the Committee shall constitute a quorum, and the acts
of a majority of the members present at any meeting at which a quorum is
present, or acts approved in writing by all of the members of the Committee
shall be the acts of the Committee.

                                 6. ELIGIBILITY

         Options granted pursuant to Section 8 shall be granted only to Eligible
Employees. Options granted pursuant to Section 9 may be granted to Eligible
Participants.

                      7. DURATION OF THE STOCK OPTION PLAN

         The Stock Option Plan shall expire on the tenth anniversary of the
Effective Date, but with respect to Options granted hereunder prior to such
date, shall remain in effect until all Shares subject to or which may become
subject to the Stock Option Plan shall have been purchased pursuant to such
Options; provided that Options under the Stock Option Plan must be granted
within ten years from the Effective Date.

                      8. QUALIFIED INCENTIVE STOCK OPTIONS

         It is intended that Options granted under this Section 8 shall be
"qualified incentive stock options" as defined under the provisions of Section
422 of the Code and the regulations thereunder or corresponding provisions of
subsequent revenue laws and regulations in effect at the time such Options are
granted. Such Options shall be evidenced by Agreements in such form and not
inconsistent with this Plan as the Committee or the Board of Directors shall
approve from time to time, which Agreements shall contain in substance the
following terms and conditions:

         (a)      Price. The purchase price for shares of Stock purchased upon
exercise will be equal to 100% of the Market Price on the day the Option is
granted, as determined by the Board of Directors or the Committee; provided that
the purchase price of Stock deliverable upon the exercise of a qualified
incentive stock option granted to a Ten Percent Owner shall be not less than one
hundred ten percent (110%) of the Market Price on the day the Option is granted,
as determined by the Board of Directors or the Committee, but in no case less
than the par value of such shares of Stock.

         (b)      Number of Shares. The Agreement shall specify the number of
shares of Stock which the Optionee may purchase under such Option.

         (c)      Exercise of Options. The Shares subject to the Option may be
purchased in whole or in part by the Optionee in accordance with the terms of
the Agreement, from time to time after shareholder approval of the Stock Option
Plan, but in no event later than ten years from the date of grant of the Option.
Notwithstanding the foregoing, shares of Stock subject to an Option granted to a
Ten Percent Owner shall be exercisable no later than five years from the date of
grant of the Option.

         (d)      Medium and Time of Payment. Shares of Stock purchased
pursuant to an Agreement shall be paid for in full at the time of purchase.
Payment of the purchase price shall be in cash; provided, however, that in lieu
of cash, an Optionee may, to the extent permitted by applicable law, exercise an
Option in whole or in part, by delivering to the Company shares of Common Stock
of the Company (in proper form for transfer and accompanied by all requisite
stock transfer tax stamps or cash in lieu thereof) owned by such Optionee
(including shares to be acquired pursuant to the Option being exercised) having
a fair market value equal to the aggregate purchase price of the shares as to
which the Option is being exercised. The fair market value of the stock so
delivered shall be determined as of the date immediately preceding the date on
which the Option is exercised, or as may be required in order to comply with or
to

                                                                    Exhibit 10.2
                                                                          Page 4
<PAGE>   5

conform to the requirements of any applicable laws or regulations. Upon receipt
of payment, the Company shall, without transfer or issue tax, deliver to the
Optionee (or other person entitled to exercise the Option) a certificate or
certificates for such shares of Stock.

         (e)      Rights as a Shareholder. An Optionee shall have no rights as a
shareholder with respect to any shares of Stock covered by an Option until the
date of issuance of the stock certificate to the Optionee for such shares of
Stock. Except as otherwise expressly provided in the Stock Option Plan, no
adjustments shall be made for dividends (ordinary or extraordinary, whether in
cash, securities or other property) or distributions or other rights for which
the record date is prior to the date such stock certificate is issued.

         (f)      Non-assignability of Option. No Option shall be assignable or
transferable by the Optionee except by will or by the laws of descent and
distribution. During the lifetime of the Optionee, the Option shall be
exercisable only by him or her.

         (g)      Effect of Termination of Employment or Death. In the event
that an Optionee during his or her lifetime ceases to be an employee of the
Company or of a Subsidiary for any reason (including retirement) other than
death or permanent and total disability, any Option or unexercised portion
thereof which was otherwise exercisable on the date of termination of employment
shall expire 90 days from the date of such termination, but in no event after
the term provided in the Optionee's Agreement; provided, however, that if such
Optionee is also a director of the Company, or a Subsidiary at the time of
cessation of employment, the termination of the employment of the Optionee will
be deemed to have occurred only upon the Optionee's resignation or retirement as
a director of the Company or Subsidiary. In the event that an Optionee ceases to
be an employee of the Company or a Subsidiary for any reason (including
retirement) other than death or permanent and total disability prior to the time
that an Option or portion thereof becomes exercisable, such Option or portion
thereof which is not then exercisable shall terminate and be null and void.
Whether authorized leave of absence for military or government service shall
constitute termination of employment for the purpose of this Plan shall be
determined by the Board of Directors or the Committee, which determination shall
be final and conclusive.

         In the event that an Optionee ceases to be an employee of the Company
or a Subsidiary by reason of death or permanent and total disability, any Option
or unexercised portion thereof which was otherwise exercisable on the date such
Optionee ceased employment shall expire unless exercised within a period of one
year from the date on which the Optionee ceased to be an employee, but in no
event after the term provided in the Optionee's Agreement. In the event that an
Optionee ceases to be an employee of the Company or a Subsidiary by reason of
death or permanent and total disability, any Option or portion thereof which was
not exercisable on the date such Optionee ceased employment shall become
immediately exercisable for a period of one year from the date on which the
Optionee ceased to be an employee, but in no event after the term provided in
the Optionee's Agreement.

         In the event of the death of an Optionee, the Option shall be
exercisable by his or her personal representatives, heirs or legatees, as
provided herein.

         (h)      Recapitalization. In the event that dividends are payable in
Common Stock of the Company or in the event there are splits, subdivisions or
combinations of the Common Stock, the number of shares of Stock available under
the Stock Option Plan shall be increased or decreased proportionately, as the
case may be, and the number of shares of Stock deliverable upon the exercise
thereafter of any Option theretofore granted shall be increased or decreased
proportionately, as the case may be.

         (i)      Reorganization. In case the Company is merged or consolidated
with another corporation and the Company is not in the surviving corporation, or
in case the property or stock of the Company is acquired by another corporation,
or in case of a separation, reorganization, recapitalization or liquidation of
the Company, the Board of Directors of the Company, or the Board of Directors of
any corporation assuming the obligations of the Company hereunder, shall either
(i) make appropriate provision for the

                                                                    Exhibit 10.2
                                                                          Page 5
<PAGE>   6

protection of any outstanding Options by the substitution on an equitable basis
of appropriate stock of the Company, or of the merged, consolidated or otherwise
reorganized corporation which will be issuable in respect to the Common Stock,
provided only that the excess of the aggregate fair market value of the shares
of Stock subject to Option immediately after such substitution over the purchase
price thereof is not more than the excess of the aggregate fair market value of
the shares of Stock subject to Option immediately before such substitution over
the purchase price thereof, or (ii) upon written notice to the Optionee provide
that the Option (subject to the second paragraph of Section 5, including in the
discretion of the Board of Directors any portion of such Option which is not
then exercisable) must be exercised within sixty days of the date of such
notice, or it will be either terminated or (including, in the discretion of the
Board of Directors, any portion of such Option which is not then exercisable)
deemed exercised based on the net value of such Option in light of its then
exercise price per share and the value of the consideration to be received by
holders of Common Stock as a result of such transaction or event. If any
adjustment under this Section 8(i) would create a fractional share of Stock or a
right to acquire a fractional share, such shall be disregarded and the number of
shares of Stock available under the Stock Option Plan and the number of shares
of Stock covered under any Options previously granted pursuant to the Stock
Option Plan shall be the next lower number of shares of Stock, rounding al
fractions downward. An adjustment made under this Section 8(i) by the Board of
Directors shall be conclusive and binding on all affected persons.

         Except as otherwise expressly provided in this Plan, the Optionee shall
have the no rights by reason of any subdivision or consolidation of shares of
stock of any class, or the payment of any stock dividend or any other increase
or decrease in the number of shares of stock of any class, or by reason of any
dissolution, liquidation, merger, or consolidation or spin-off of assets or
stock of another corporation; and any issue by the Company of shares of stock of
any class, or securities convertible into shares of stock of any class, shall
not affect, and no adjustment by reason thereof shall be made with respect to,
the number or prices of Common Stock subject to an Option.

         The grant of an Option pursuant to the Stock Option Plan 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 or to merge or to consolidate or to dissolve, liquidate or sell, or
transfer all or any part of its business or assets.

         (j)      Annual Limitation. The aggregate fair market value (determined
at the time the Option is granted) of the shares of Stock with respect to which
qualified incentive stock options are exercisable for the first time by an
Optionee during any calendar year (under all incentive stock option plans of the
Company) shall not exceed $100,000. Any excess over such amount shall be deemed
to be related to and part of a nonqualified stock option granted pursuant to
Section 9 of the Stock Option Plan.

         (k)      General Restriction. Each Option shall be subject to the
requirement that if at any time the Board of Directors shall determine, in its
discretion, that the listing, registration or qualification of the shares of
Stock subject to such Option upon any securities exchange or under any state or
federal law, or the consent of approval of any government regulatory body, is
necessary or desirable as a condition of, or in connection with, the granting of
such Option or the issue or purchase of shares of Stock thereunder, such Option
may not be exercised in whole or in part unless such listing, registration,
qualification, consent or approval shall have been effected or obtained free of
any conditions not acceptable to the Board of Directors. Alternatively, such
Options shall be issued and exercisable only upon such terms and conditions and
with such restrictions as shall be necessary or appropriate to effect exemption
from such listing, registration, or other qualification requirement.

                          9. NONQUALIFIED STOCK OPTIONS

         (a)      Within the limitations described in Section 9(b), the Board of
Directors or the Committee may grant to Eligible Participants Options under the
Stock Option Plan which are not "qualified incentive

                                                                    Exhibit 10.2
                                                                          Page 6
<PAGE>   7

stock options" as defined under the provisions of Section 422 of the Code. Such
nonqualified stock options shall be evidenced by Agreements in such form and not
inconsistent with this Plan as the Board of Directors or the Committee shall
approve from time to time, which Agreements shall contain in substance the same
terms and conditions as set forth in Section 8 hereof with respect to qualified
incentive stock options (except that, with respect to Options awarded to
Non-Employee Directors, references to employment with the Company shall be
deemed to mean service on the Board of Directors and, with respect to
consultants, references to employment with the Company shall be deemed to mean
benefits being provided or expected to be provided, including actual services,
to the Company or a Subsidiary); provided, however, that the limitations set
forth in Sections 8(a) and 8(c) with respect to Ten Percent Owners shall not be
applicable to nonqualified stock options granted to any Ten Percent Owner, and
the limitation set forth in Section 8(j) with respect to the annual limitation
of incentive stock options shall not be applicable to nonqualified stock option
grants; provided further, that nonqualified stock options may be granted at a
purchase price equal to not less than 75% of the Market Price on the day the
Option is granted.

         (b)      With respect to Non-Employee Directors then serving on the
Committee, nonqualified stock options may be granted pursuant to Section 9(a) of
the Stock Option Plan to such Non-Employee Directors only upon authorization and
approval by the Board of Directors or the shareholders of the Company; provided
that, where the Board of Directors authorizes Option grants under this Section
9(b), the Non-Employee Director to receive such Options shall not participate in
the Board of Director's authorization of such grant.

                     10. AMENDMENT OF THE STOCK OPTION PLAN

         The Stock Option Plan may at any time or from time to time be
terminated, modified or amended by the affirmative vote of not less than a
majority of the shares present and voting thereon by the Company's shareholders
at the meeting of the shareholders at which a quorum is present. The Board of
Directors may at any time and from time to time modify or amend the Stock Option
Plan in any respect, except that without shareholder approval the Board of
Directors may not (i) increase the maximum number of shares of Stock for which
Options may be granted under the Stock Option Plan (other than increases due to
changes in capitalization as referred to in Section 8(h) hereof), or (ii) extend
the maximum period during which Options may be granted or exercised, or (iii)
change the class of persons eligible for Options under the Stock Option Plan, or
(iv) otherwise materially modify the requirements as to eligibility for
participation in the Stock Option Plan. The termination or any modification or
amendment of the Stock Option Plan shall not, without the written consent of an
Optionee, affect his or her rights under an Option or right previously granted
to him or her. With the written consent of the Optionee affected, the Board of
Directors or the Committee may amend outstanding Agreements in a manner not
inconsistent with the Stock Option Plan. Without employee consent, the Board of
Directors or the Committee may at any time and from time to time modify or amend
outstanding Agreements in such respects as it shall deem necessary in order that
incentive stock options granted hereunder shall comply with the appropriate
provisions of the Code and regulations thereunder which are in effect from time
to time respecting qualified incentive stock options. The Board of Directors may
also suspend the granting of Options pursuant to the Stock Option Plan at any
time and may terminate the Stock Option Plan at any time; provided, however, no
such suspension or termination unless (i) the affected participant consents in
writing to such modification or amendment or (ii) there is a dissolution or
liquidation of the Company.

                               11. BINDING EFFECT

         All decisions of the Board of Directors or the Committee involving the
implementation, administration or operation of the Stock Option Plan or any
offering under the Stock Option Plan shall be binding on the Company and on all
persons eligible or who become eligible to participate in the Stock Option Plan.

                                                                    Exhibit 10.2
                                                                          Page 7
<PAGE>   8

                            12. APPLICATION OF FUNDS

The proceeds received by the Company from the sale of Common Stock pursuant to
Options exercised hereunder will be used for general working capital.

                                                                    Exhibit 10.2
                                                                          Page 8

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