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                                                                  EXHIBIT 10.3.1
                              STARBUCKS CORPORATION

                                1991 COMPANY-WIDE

                               STOCK OPTION PLAN:

                            RULES OF THE UK SUB-PLAN

Adopted by a resolution of the Compensation Committee of the Board on September
28, 1999 and amended on August 28, 2000, August 5, 2002 and November 20, 2003

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STARBUCKS CORPORATION 1991 COMPANY-WIDE STOCK OPTION PLAN:  RULES OF THE
UK SUB-PLAN

1        INTRODUCTION

For the purpose of granting options under a scheme approved by the Inland
Revenue under Schedule 9, the terms of the Starbucks Corporation 1991
Company-Wide Stock Option Plan (the "Main Plan") shall be applied to any option
which is designated as a "UK Approved Option" in the relevant Agreement, subject
to the modifications set out in the following Rules.

2        DEFINITIONS

2.1      Where the context so admits, the definitions in the Main Plan also
         apply to these Rules. In addition, in these Rules:

         "Associated Company"       has the same meaning as in paragraph 35 of
                                    Schedule 4.

         "Company"                  means Starbucks Corporation, incorporated
                                    under the laws of the State of Washington,
                                    USA, whose principal office is at 2401 Utah
                                    Avenue South, Seattle, WA 98134, USA by
                                    whatever name known from time to time.

         "Control"                  has the same meaning as in Section 840 of
                                    the UK Act.

         "Exchange  Rate"           for any day means the average of the buying
                                    and the selling prices Pounds Sterling for
                                    US Dollar spot rates at close for that day,
                                    as quoted by the Financial Times newspaper
                                    (or a similar publication selected by the
                                    Committee).

         "Group"                    means the Company and any other companies of
                                    which the Company has Control and "member of
                                    the Group" shall be construed accordingly.

         "Inland Revenue"           means the Board of Inland Revenue of the
                                    United Kingdom.

         "ITEPA"                    means the Income Tax (Earnings and Pensions)
                                    Act 2003.

         "Key Feature"              means a provision of the UK Sub-Plan which
                                    is necessary to meet

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                                    the requirements of Schedule 4.

         "Main Plan"                means the Starbucks Corporation 1991
                                    Company-Wide Stock Option Plan as amended
                                    and restated by shareholders on June 4,
                                    1998, and as from time to time further
                                    amended.

         "Market Value"             means, on any date, the regular trading
                                    session closing price of a share as reported
                                    by The Nasdaq Stock Market, Inc. provided
                                    that Inland Revenue Shares Valuation has
                                    agreed to this in advance, or otherwise the
                                    market value of a share determined in
                                    accordance with the provision of Part VIII
                                    of the United Kingdom Taxation of Chargeable
                                    Gains Act 1992 and agreed for the purposes
                                    of the UK Sub-Plan with Inland Revenue
                                    Shares Valuation on or before that date.

         "Qualifying Partner"       means any employee of a member of the Group
                                    who is not a director or officer, provided
                                    that to be a Qualifying Partner such
                                    employee must be resident and ordinarily
                                    resident in the United Kingdom.
                                    Notwithstanding any provision to the
                                    contrary herein, a Qualifying Partner shall
                                    not be subject to Sub-Sections (iii) and (3)
                                    of the definition of an Eligible Partner in
                                    Section 2 of the Main Plan.

         "Schedule 4"               means Schedule 4 to ITEPA 2003.

         "Shares"                   means the shares of common stock, $.001 par
                                    value per share, of the Company.

         "Subsisting Option"        means an option which has neither lapsed nor
                                    been exercised.

         "UK Act"                   means the United Kingdom Income and
                                    Corporation Taxes Act 1988.

         "UK Approved Option"       means an option to acquire Shares granted
                                    under the UK Sub-Plan.

         "UK Sub-Plan"              means the UK Sub-Plan of the Main Plan
                                    established by these Rules, as from time to
                                    time amended.

2.2      Where the context so admits, any reference in these Rules:

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         a.       to the singular number shall be construed as if it referred
                  also to the plural number and vice versa;

         b.       to the masculine gender shall be construed as if it referred
                  also to the feminine gender; and

         c.       to a statute or statutory provision shall be construed as if
                  it referred also to that statute or statutory provision as for
                  the time being modified, extended or re-enacted.

2.3      The headings in these Rules are for convenience only and shall not
         affect their construction.

3        GRANT OF OPTIONS

3.1      No UK Approved Option shall be granted to any person who is not a
         Qualifying Partner on the date of grant or who is precluded from
         participating in the UK Sub-Plan by paragraph 9 of Schedule 4.

3.2      No UK Approved Option shall be granted over Shares which do not satisfy
         the conditions specified in paragraphs 16 to 20 inclusive of Schedule
         4.

3.3      The exercise price per Share for a UK Approved Option shall not be less
         than 100% of the Market Value of a Share on the date the Option is
         granted.

3.4      Any UK Approved Option granted to a Qualifying Partner on any date
         shall be limited and take effect so that the aggregate Market Value of
         the Shares subject to that option and any other shares subject to
         Subsisting Options granted to him under the UK Sub-Plan or any other
         scheme approved under Schedule 4 and established by the Company or any
         Associated Company of the Company does not exceed or further exceed the
         limit in paragraph 6 of Schedule 4. For the purpose of this Rule 3.4,
         the Market Value of Shares shall be calculated as at the time the
         options in relation to those shares were granted or at such earlier
         time or times as may have been agreed in writing with the Inland
         Revenue and, where relevant, shall be converted into Pounds Sterling at
         the Exchange Rate.

3.5      Notwithstanding the definition of an Eligible Partner in the Main Plan
         or any provision to the contrary in this UK Sub-Plan, the Company shall
         not be obligated to grant fewer than 15 UK Approved Options.

4        EXERCISE OF OPTIONS

4.1      An Optionee may not exercise a UK Approved Option at any time when he
         is precluded from participating in the UK Sub-Plan by paragraph 9 of
         Schedule 4.
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4.2      No UK Approved Option may be exercised unless the Shares which may be
         acquired on such exercise satisfy the conditions specified in
         paragraphs 16 to 20 inclusive of Schedule 4.

4.3      The exercise price for the Shares as to which a UK Approved Option is
         exercised shall be paid in cash. No Shares acquired on exercise of a UK
         Approved Option may be paid for by tender of previously-owned Shares.

4.4      Shares shall be delivered upon the exercise of a UK Approved Option
         within 30 days of the exercise date.

4.5      In the event of the death of an Optionee, a UK Approved Option may only
         be exercised by the Optionee's legal personal representatives and may
         not be exercised more than one year after the date of his death.

4.6      Where a UK Approved Option is exercised on termination of employment by
         the Optionee due to:

         a.       Retirement, as defined in Section 2 of the Main Plan; or

         b.       retirement, and

         the retirement age specified in the Sub-Plan (for the purpose of
         section 524 of ITEPA and paragraph 35A of Schedule 4) is 55 or more.

5        CHANGE OF CONTROL

5.1      Subject to Rules 5.3, 5.4 and 5.5 if a company (the "Acquirer"):

         a. obtains Control of the Company as a result of making:

                   -       a general offer to acquire the whole of the issued
                           Common Stock of the Company, which is made on a
                           condition such that if it is satisfied the Acquirer
                           will have such Control; or

                   -       a general offer to acquire all the Shares; or

         b.       obtains Control of the Company in pursuance of a compromise or
                  arrangement sanctioned by the court under Section 425 of the
                  United Kingdom Companies Act 1985 or Article 418 of the
                  Companies (Northern Ireland) Order 1986; or

         c.       becomes bound or entitled to acquire shares in the Company
                  under Sections 428 to 430 of the said Act of 1985 or Articles
                  421 to 423 of the said Order of 1986
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         an Optionee may, by agreement with the Acquirer, at any time within the
         Appropriate Period, release his rights under his UK Approved Option
         ("Old Rights") in consideration of the grant to him of rights ("New
         Rights") which are equivalent to the Old Rights but relate to shares in
         the Acquirer or some other company falling within paragraphs 16 (b) or
         (c) of Schedule 4.

5.2      In Rule 5.1, "Appropriate Period" means:

         a.       in a case falling within paragraph a, the period of six months
                  beginning with the time when the Acquirer has obtained Control
                  of the Company and any condition subject to which the offer is
                  made is satisfied;

         b.       in a case falling within paragraph b, the period of six months
                  beginning with the time when the court sanctions the
                  compromise or arrangement; and

         c.       in a case falling within paragraph c, the period during which
                  the Acquirer remains bound or entitled as mentioned in that
                  paragraph.

5.3      For the purposes of this Rule 5, references to Sections 425 and 428 to
         430 of the Companies Act 1985 and Articles 418 and 421 to 423 of the
         Companies (Northern Ireland) Order 1986 shall be construed, where the
         relevant event occurs in a jurisdiction other than that of the United
         Kingdom, as being references to similar legislation acceptable to the
         Inland Revenue.

5.4      The New Rights shall not be regarded for the purpose of Rule 5.1 as
         equivalent to the Old Rights unless:

         a.       the shares to which the New Rights relate satisfy the
                  conditions specified in paragraphs 16 to 20 inclusive of
                  Schedule 4;

         b.       the total Market Value, immediately before the release, of the
                  Shares which were subject to the Old Rights is equal to the
                  total Market Value, immediately after the grant, of the shares
                  in respect of which the New Rights are granted;

         c.       the total amount payable by the Optionee for the acquisition
                  of shares on complete exercise of the New Rights is equal to
                  the total amount which would have been payable for the
                  acquisition of Shares on complete exercise of the Old Rights;
                  and

         d.       the New Rights will be exercisable in the same manner as the
                  Old Rights and subject to the provisions of the UK Sub-Plan as
                  it had effect immediately before the release of the Old
                  Rights, except that the term "Shares" shall mean the shares to
                  which the New Rights relate and the term "Company" shall mean
                  the company of which those shares form part of the share
                  capital.

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5.5      Rights may only be released under Rule 5.1 at a time when the relevant
         UK Approved Option is exercisable pursuant to Section 5.9 of the Main
         Plan.

6        ADJUSTMENT OF OPTIONS

6.1      No adjustment shall be made to a UK Approved Option, under Section 7 of
         the Main Plan, except for variation in the share capital of the Company
         by way of capitalisation or rights issue, consolidation, subdivision or
         reduction of capital or otherwise.

6.2      No adjustment to a UK Approved Option, under Section 7 of the Main
         Plan, shall take effect until it has been approved by the Inland
         Revenue.

7        AMENDMENT OF THE UK SUB-PLAN

         No amendment to a Key Feature which is made to these Rules or to any of
         the provisions of the Main Plan which affect options granted under the
         UK Sub-Plan shall be applicable to UK Approved Options until it has
         been approved by the Inland Revenue.

(Approved by the Compensation and Management Development Committee of the Board
of Directors on October 22, 2003.)

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                                                                    EXHIBIT 10.9

         RULES OF THE
         STARBUCKS CORPORATION
         UK SHARE SAVE PLAN

         Adopted by the Board of Directors of Starbucks Corporation
         on 14 September 1999
         Amended on 5 August 2002
         Approved by the Inland Revenue 5 August 2002
         under reference SRS 2363

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RULES OF THE STARBUCKS CORPORATION UK SHARE SAVE PLAN

1        DEFINITIONS

1.1      In these Rules the following words and expressions shall have the
         following meanings:

'Act'                      the Income and Corporation Taxes Act 1988

'Adoption Date'            the date on which the Plan was adopted by the Board.

'Appropriate Period'       the meaning given in paragraph 15(2) of Schedule 9.

'Associated Company'       the meaning that the expression bears in paragraph 23
                           of Schedule 9 by virtue of Section 187(2) of the Act.

'Board'                    the board of directors of the Company or a duly
                           constituted committee thereof.

'Bonus'                    the terminal bonus payable to an Option holder under
                           the Savings Contract after completing the payment of
                           36 monthly contributions.

'Bonus Date'               the earliest date on which the Bonus is payable.

'Company'                  Starbucks Corporation incorporated under the laws of
                           the State of Washington, USA, whose principal office
                           is at 2401 Utah Avenue South, Seattle, WA 98134, USA
                           by whatever name known from time to time.

'Control'                  has the same meaning as in Section 840 of the Act.

'Date of Grant'            the date on which an application for an Option is
                           accepted by the Company in accordance with Rule 4.

'Eligible Employee'        for an invitation pursuant to Rule 2, any
                           Employee who was an Employee on the Qualifying Date
                           for that invitation who is chargeable to tax in
                           respect of his office or employment under Case I of
                           Schedule E.

'Employee'                 subject to Rule 6.3, any employee or director of any
                           Participating Company.

'Market Value'             on any day the regular trading session closing price
                           of a Share as reported

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                           by the Nasdaq Stock Market, Inc. provided that Inland
                           Revenue Shares Valuation has agreed to this in
                           advance, or otherwise the market value of a Share
                           determined in accordance with the provisions of Part
                           VIII of the Taxation of Chargeable Gains Act 1992 and
                           agreed on or before that day for the purposes of the
                           Plan with Inland Revenue Shares Valuation.

'Option'                   a right to acquire Shares granted (or to be granted)
                           in accordance with these Rules.

'Participating Companies'  any company which is both under the Control of the
                           Company and a subsidiary of the Company within the
                           meaning of Section 736 of the Companies Act 1985 and
                           which has been nominated by the Board as a
                           Participating Company.

'Plan'                     the savings-related share option scheme constituted
                           and governed by these Rules as from time to time
                           amended.

'Qualifying Date'          For any invitation pursuant to Rule 2, such
                           date as is determined by the Board, which shall be no
                           earlier than six months before the date when the
                           invitation is sent.

'Savings Contract'         a contract under a certified contractual
                           savings scheme, within the meaning of Section 326 of
                           the Act, and which has been approved by the Inland
                           Revenue for the purposes of Schedule 9.

'Schedule 9'               Schedule 9 to the Act.

'Share'                    a share of common stock of the Company which
                           satisfies the conditions specified in paragraphs 10
                           to 14 inclusive of Schedule 9.

'Specified Age'            Age 60.

'Subscription              Price' Subject to Rule 8, the price in UK Pounds at
                           which each Share subject to an Option may be acquired
                           on the exercise of that Option as determined by the
                           Board, being not less than the higher of:

                           i        the par value of a Share, or

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                           ii       85% of the Market Value of a Share on the
                                    trading day immediately preceding the Date
                                    of Grant.

'Subsisting Option'        an Option which has neither lapsed nor been
                           exercised.

1.2      Interpretations

         In these Rules, except in so far as the context otherwise requires:

         i        words denoting the singular shall include the plural and vice
                  versa

         ii       words denoting the masculine gender shall include the feminine
                  gender

         iii      reference to any enactment shall be construed as a reference
                  to that enactment as from time to time amended, extended or
                  re-enacted.

1.3      Employee rights

         Participation by an Employee in the Plan shall not form part of his
         terms and conditions of employment nor entitle him to any continued
         employment nor additional compensation nor damages on account of
         termination of employment for any reason.

1.4      Governing law

         The Plan is established under the provisions of the Act and shall in
         all respects be interpreted in accordance with the Law of England and
         Wales.

2        INVITATIONS TO APPLY FOR OPTIONS

2.1      On up to four occasions in each calendar year, the Board may invite all
         Eligible Employees to apply for the grant of an Option.

2.2      Each invitation shall specify:

         i        the date, being not less than 14 days after the issue of the
                  invitation, by which applications must be made

         ii       the manner in which the Subscription Price at which Shares may
                  be acquired on the exercise of any Option granted in response
                  to an application will be determined, and

         iii      the maximum permitted monthly savings contribution for that
                  invitation, being the lesser of the maximum specified in
                  paragraph 24 of Schedule 9 and such sum (being a multiple of
                  (pound)1 and not less than (pound)5) as the Board decides
                  shall apply to every Eligible Employee in respect of that
                  invitation, and

         iv       the maximum permitted aggregate monthly savings contribution
                  under all Savings Contracts, being the maximum specified in
                  paragraph 24 of Schedule 9, and

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         v        the Date of Grant in respect of that invitation.

2.3      Each invitation shall be accompanied by a proposal form for a Savings
         Contract and an application form which shall provide for the applicant
         to state:

         i        the monthly savings contribution (being a multiple of (pound)1
                  and not less than (pound)5) which he wishes to make under the
                  Savings Contract

         ii       that his proposed monthly savings contribution will not exceed
                  the maximum permitted monthly savings contributions specified
                  for that invitation

         iii      that his proposed monthly savings contribution, when added to
                  any monthly savings contributions then being made under any
                  other Savings Contract linked to an option granted under the
                  Plan or any other savings-related share option scheme approved
                  under Schedule 9, will not exceed the maximum permitted
                  aggregate monthly savings contributions specified in paragraph
                  24 of Schedule 9

         iv       an authorisation for the Board or an officer of the Company
                  appointed by the Board to enter on the Savings Contract
                  proposal form such monthly savings contribution, not exceeding
                  the maximum stated on the application form, as shall be
                  determined pursuant to Rule 3 below.

2.4      Each application shall be deemed to be for an Option over the largest
         whole number of Shares which can be bought at the Subscription Price
         with the expected repayment under the related Savings Contract at the
         Bonus Date.

3        SCALING DOWN

3.1      If the Board receives valid applications for Options over an aggregate
         number of Shares which exceeds the limit determined pursuant to Rule
         5.1 below in respect of that invitation, then the following steps shall
         be carried out successively to the extent necessary to eliminate the
         excess:

         i        the excess over (pound)5 of the monthly savings contribution
                  chosen by each applicant shall be reduced pro rata to the
                  extent necessary, then

         ii       each election for the Bonus to be included in the repayment
                  under the Savings Contract shall be deemed to be an election
                  for no Bonus to be so included, then

         iii      applications will be selected by lot, each based on a monthly
                  savings contribution of (pound)5 and the inclusion of no Bonus
                  in the repayment under the Savings Contract.

3.2      Each application shall be deemed to have been modified or withdrawn in
         accordance with the application of the foregoing provisions and the
         Board or an officer of the Company appointed by the Board shall
         complete each Savings Contract proposal form to reflect any reduction
         in monthly savings contributions resulting therefrom.

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4        GRANT OF OPTIONS

4.1      On a single day no later than the thirtieth day or, if Rule 3 applies,
         forty-second day following the day on which invitations were issued
         pursuant to Rule 2 the Board shall:

         i        accept all the applications from each applicant who is still
                  an Eligible Employee and is not precluded from participation
                  in the Plan by virtue of Paragraph 8 of Schedule 9; and

         ii       determine the number of Shares for which, pursuant to Rule 2.4
                  and subject to Rule 3, he is deemed to have applied; and

         iii      grant an Option to each such applicant over the relevant
                  number of Shares.

4.2      As soon as possible after Options have been granted the Company shall
         issue an option certificate in respect of each Option in such form, not
         inconsistent with these Rules, as the Board may determine.

4.3      No Option may be transferred, assigned or charged and any purported
         transfer, assignment or charge shall cause the Option to lapse
         forthwith. Each option certificate shall carry a statement to this
         effect.

5        LIMITATIONS ON GRANTS

5.1      The Company may, before the Board issues invitations on any occasion,
         determine a limit on the number of Shares which are to be available in
         respect of that invitation in order to ensure that Shares remain
         available for subsequent invitations.

5.2      No Option shall be granted to an Eligible Employee if the monthly
         savings contribution under the related Savings Contract, when added to
         the monthly savings contributions then being made under any other
         Savings Contract, would exceed the maximum specified in Paragraph 24 of
         Schedule 9.

6        EXERCISE OF OPTIONS

6.1      Subject to Rule 9 below, any Subsisting Option may be exercised in
         whole or in part at any time following the earliest of the following
         events:

         i        the relevant Bonus Date if, on the day of exercise, the Option
                  holder is an Employee

         ii       the death of the Option holder

         iii      the Option holder ceasing to be an Employee by reason of
                  injury, disability, redundancy within the meaning of the
                  Employment Rights Act 1996 or retirement on reaching the
                  Specified Age or any other age at which he is bound to retire
                  in accordance with the terms of his contract of employment

         iv       the Option holder ceasing to be an Employee by reason only
                  that:

                  a.       his office or employment is in a company of which the
                           Company ceases to have Control, or

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                  b.       his office or employment relates to a business or
                           part of a business which is transferred to a person
                           who is neither an Associated Company of the Company
                           nor a company of which the Company has Control

         v        the relevant Bonus Date, where an Option holder holds an
                  office or employment in a company which is not a Participating
                  Company but which is:

                  a.       an Associated Company of the Company, or

                  b.       a company of which the Company has Control.

6.2      An Option shall lapse on the earliest of the following events:

         i        except where the Option holder has died, the expiry of six
                  months following the Bonus Date

         ii       where the Option holder has died during the six months
                  following the Bonus Date, the first anniversary of the Bonus
                  Date

         iii      where the Option holder has died before the Bonus Date, the
                  first anniversary of his death

         iv       unless the Option holder has died, the expiry of six months
                  after the Option has become exercisable by virtue of Paragraph
                  (iii) of Rule 6.1

         v        the expiry of six months after the Option has become
                  exercisable by virtue of Paragraph (iv) of Rule 6.1

         vi       the expiry of any period during which the Option may be
                  exercised in accordance with Rule 7

         vii      the Option holder ceasing to be an Employee in circumstances
                  in which the Option does not become exercisable

         viii     the Option holder being adjudicated bankrupt.

6.3      No person shall be treated for the purposes of this Rule 6 as ceasing
         to be an Employee until he is no longer employed by the Company, any
         Associated Company of the Company or a company of which the Company has
         Control.

6.4      If an Option holder continues to be employed by a Participating Company
         after the date on which he reaches the Specified Age, he may exercise
         any Subsisting Option within six months following that date.

7        TAKEOVERS, RECONSTRUCTIONS AND LIQUIDATIONS

7.1      If any person obtains Control of the Company as a result of making:

         i        a general offer to acquire the whole of the issued ordinary
                  share capital of the Company which is made on a condition such
                  that if it is satisfied the person making the offer will have
                  Control of the Company, or

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         ii       a general offer to acquire all the shares in the Company which
                  are of the same class as the Shares

         then any Subsisting Option may be exercised within six months of the
         time when the person making the offer has obtained Control of the
         Company and any condition subject to which the offer is made has been
         satisfied.

7.2      If under Section 425 of the Companies Act 1985 the Court sanctions a
         compromise or arrangement proposed for the purposes of, or in
         connection with, a scheme for the reconstruction of the Company or its
         amalgamation with any other company or companies, any Subsisting Option
         may be exercised within six months of the Court sanctioning the
         compromise or arrangement.

7.3      If any person becomes bound or entitled to acquire shares in the
         Company under Sections 428 to 430 of the said Act of 1985 any
         Subsisting Option may be exercised at any time when the person remains
         so bound or entitled.

7.4      If as a result of the events specified in Rules 7.1 or 7.2 a company
         has obtained Control of the Company, or if a company has become bound
         or entitled as mentioned in Rule 7.3, the Option holder may, by
         agreement with that other company (the 'Acquiring Company'), within the
         Appropriate Period, release his rights under each Subsisting Option
         (the 'Old Option') in consideration of the grant to him of an option
         (the 'New Option') which satisfies the conditions that it:

         i        is over shares in the Acquiring Company, or some other company
                  falling within paragraph (b) or paragraph (c) of paragraph 10
                  of Schedule 9, which satisfy the conditions specified in
                  paragraphs 10 to 14 inclusive of Schedule 9

         ii       is a right to acquire such number of such shares as has on
                  acquisition of the New Option an aggregate value equal to the
                  aggregate Market Value of the Shares subject to the Old Option
                  on its release

         iii      has a subscription price per share such that the aggregate
                  price payable on the complete exercise equals the aggregate
                  price which would have been payable on complete exercise of
                  the Old Option

         iv       is otherwise identical in terms to the Old Option.

         The New Option shall, for all other purposes of the Plan, be treated as
         having been acquired at the same time as the Old Option.

         Where any New Options are granted pursuant to this Rule 7.4, Rules 7,
         8, 9, 10.1 and 10.3 to 10.5 shall, in relation to the New Options, be
         construed as if references to the Company and to the Shares were
         references to the Acquiring Company or, as the case may be, to the
         other company to whose shares the New Options relate, and to the shares
         in that other company, but references to Participating Company shall
         continue to be construed as if references to the Company were
         references to Starbucks Corporation.

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7.5      If the Company passes a resolution for voluntary winding up, any
         Subsisting Option may be exercised within six months of the passing of
         the resolution.

7.6      For the purposes of this Rule 7, other than Rule 7.4, a person shall be
         deemed to have obtained Control of the Company if he and others acting
         in concert with him have together obtained Control of it.

7.7      The exercise of an Option pursuant to the preceding provisions of this
         Rule 7 shall be subject to the provisions of Rule 9 below.

7.8      Where in accordance with Rule 7.4 Subsisting Options are released and
         New Options granted the New Options shall not be exercisable in
         accordance with Rules 7.1, 7.2 and 7.3 above by virtue of the event by
         reason of which the New Options were granted.

7.9      For the purposes of this Rule 7 references in Rules 7.2, 7.3 and, by
         extension, 7.4 to Sections 425 and 428 to 430 of the Companies Act 1985
         shall be construed, where the relevant event occurs in a jurisdiction
         other than that of the United Kingdom, as being references to similar
         legislation acceptable to the Inland Revenue.

8        VARIATION OF SHARE CAPITAL

         In the event of any variation in the share capital of the Company by
         way of capitalisation or rights issue or any consolidation,
         sub-division or reduction or otherwise, the number of Shares subject to
         an Option and the Subscription Price for each of those Shares shall be
         adjusted in such manner as the Board confirms to be fair and reasonable
         provided that:

         i        the aggregate amount payable on the exercise of an Option in
                  full is neither materially changed nor increased beyond the
                  expected repayment under the Savings Contract at the
                  appropriate Bonus Date

         ii       the Subscription Price for a Share is not reduced below its
                  par value

         iii      no adjustment shall be made without the prior approval of the
                  Inland Revenue, and

         iv       following the adjustment the Shares continue to satisfy the
                  conditions specified in Paragraphs 10 to 14 inclusive of
                  Schedule 9.

9        MANNER OF EXERCISE OF OPTIONS

9.1      No Option may be exercised by an individual at any time when he is, or
         by the personal representatives of an individual who at the date of his
         death was, precluded by paragraph 8 of Schedule 9 from participating in
         the Plan.

9.2      No Option may be exercised at any time when the shares which may be
         acquired thereby are not Shares as defined in Rule 1.1.

9.3      An Option may only be exercised over the number of Shares which may be
         purchased with the sum obtained by way of repayment under the related
         Savings Contract.

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9.4      An Option shall be exercised by the Option holder, or as the case may
         be his personal representatives, giving notice to the Company in
         writing. The notice will state the number of Shares in respect of which
         he wishes to exercise the Option and be accompanied by the appropriate
         payment (which shall not exceed the sum obtained by way of repayment
         under the related Savings Contract) and the relevant option
         certificate. The notice will be effective on the date of its receipt by
         the Company.

9.5      Shares shall be transferred pursuant to a notice of exercise within 30
         days of the date of exercise. Save for any rights determined by
         reference to a date prior to the date of transfer, such Shares shall
         rank pari passu with the other Shares of the same class in issue at
         that date of transfer.

9.6      When an Option is exercised only in part, it shall lapse to the extent
         of the unexercised balance.

9.7      For the purposes of Rules 9.3 and 9.4 above, any repayment under the
         Savings Contract shall exclude the repayment of any contribution the
         due date for payment of which falls more than one month after the date
         on which repayment is made.

10       ADMINISTRATION AND AMENDMENT

10.1     The Plan shall be administered by the Board and its decisions on all
         disputes shall be final.

10.2     The Board may from time to time amend these Rules provided that:

         i        no amendment may materially affect an Option holder as regards
                  an Option granted prior to the amendment being made

         ii       no amendment shall have effect until approved by the Inland
                  Revenue.

10.3     The cost of establishing and operating the Plan shall be borne by the
         Participating Companies in such proportions as the Board shall
         determine.

10.4     Any notice or other communication, under or in connection with the
         Plan, may be given by the Company either personally or by post and to
         the Company either personally or by post. Items sent by post shall be
         pre-paid and shall be deemed to have been received 72 hours after
         posting.

10.5     The Company shall at all times keep available sufficient Shares to
         satisfy to the fullest extent still possible the exercise of all
         Options which have neither lapsed nor been fully exercised.

                                       9

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