Document:

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                                                                    Exhibit 10.2

                                MEDSITE.COM, INC.

                             1999 STOCK OPTION PLAN

         1. PURPOSE. The purpose of this Medsite.com, Inc. 1999 Stock Option
Plan (the "Plan") is to promote the growth and general prosperity of
Medsite.com, Inc. (the "Company"), to attract qualified personnel to accept
positions of responsibility with the Company, to provide incentives for
personnel to remain in the employ of the Company and to induce personnel to
maximize the Company's performance during the terms of their options.

         This Plan is intended to provide incentives: (a) to the officers and
other employees of the Company and Related Corporations (as hereinafter defined)
by providing them with opportunities to purchase stock in the Company pursuant
to options granted hereunder which qualify as "incentive stock options" under
Section 422 of the Internal Revenue Code of 1986, as amended (the "Code")
("ISOs"); and (b) to directors, officers, employees and consultants of the
Company and Related Corporations by providing them with opportunities to
purchase stock in the Company pursuant to options granted hereunder which do not
qualify as ISOs ("Non-Qualified Options").

         2. DEFINITIONS. As used in the Plan, unless the context requires
otherwise, the following terms shall have the following meanings:

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

                           (b) "Committee" shall mean a committee of the Board,
designated by the Board, and composed solely of members of the Board (at least
two in number).

                           (c) "Common Stock" shall mean the Company's common
stock, $0.00005 par value, or if, pursuant to the adjustment provisions of
Section 14 hereof security is substituted for the common stock, such other
security.

                           (d) "Discharge(d) for Cause" shall mean the cessation
of Employee's employment by the Company for (i) chronic insubordination; (ii)
fraud; (iii) embezzlement; (iv) dishonesty; (v) gross neglect or dereliction of
duty; (vi) conduct that has or may cause serious injury to the Company (monetary
or otherwise), as determined by the Board of Directors of the Company; or (vii)
conviction of, or pleading guilty or no contest to, a felony, or any lesser
crime which involves property of the Company.

                           (e) "Discharge(d) Without Cause" shall mean the
cessation of Employee's employment with the Company for any reason other than
Discharge for Cause.

                           (f) A "Disqualifying Disposition" shall mean any
disposition (including any sale) of Common Stock before the later of (a) two
years after the date the employee was granted the ISO pursuant to which he
acquired the Common Stock, or (b) one year after the date the employee acquired
Common Stock by exercising the ISO.
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                           (g) "Effective Date" shall mean January 1, 1999.

                           (h) "Employee" shall mean any employee of the Company
or Related Corporation to whom an Option has been granted.

                           (i) "Grant Date" shall mean the date on which an
Option is granted.

                           (j) "Independent Third Party" means any Person or
group of Persons who, immediately prior to the contemplated transaction, does
not own in excess of 10% of the common equity of the Company or a Related
Corporation on a fully-diluted basis, who is not controlling, controlled by or
under common control with any such 10% owner of capital stock and who is not the
spouse or descendent (by birth or adoption) of any such 10% owner of capital
stock.

                           (k) "Option" shall mean an ISO or a Non-Qualified
Option, granted pursuant to the Plan, to purchase one or more shares of Common
Stock. To the extent the Option adheres to the provisions of Section 422 of the
Code, it qualifies as an ISO; to the extent it does not so adhere, it is a
Non-Qualified Option.

                           (l) "Optionee" shall mean a person to whom an Option
has been granted under the Plan.

                           (m) "Person" means an individual, a partnership, a
corporation, an association, a joint stock company, a trust, a joint venture, an
unincorporated organization or a governmental entity or any department, agency
or political subdivision thereof.

                           (n) "Public Sale" means any sale pursuant to a
registered public offering under the Securities Act of 1933, as amended from
time to time.

                           (o) "Related Corporation" shall mean a subsidiary
corporation as such term is defined in Section 424(f) of the Code.

                           (p) "Sale of the Company" means the sale of the
Company to an Independent Third Party or affiliated group of Independent Third
Parties pursuant to which such party or parties acquire (i) capital stock of the
Company possessing the voting power to elect a majority of the Board (whether by
merger, consolidation or sale or transfer of the Company's capital stock) or
(ii) all or substantially all of the Company's assets determined on a
consolidated basis.

                           (q) "Termination of Employment" shall mean the
cessation of Employee's employment with the Company.

                           (r) "Termination Date" shall mean the effective date
of Employee's Termination of Employment irrespective of the cause or reason for
such termination.

         3. ADMINISTRATION OF THE PLAN.

         3.1 Board or Committee Administration. The Plan shall be administered
by the Board or by a Committee appointed by the Board; provided, that, to the
extent required by

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Rule 16b-3, or any successor provision ("Rule 16b-3"), of the Securities
Exchange Act of 1934, with respect to specific grants of stock rights, the Plan
shall be administered by a disinterested administrator or administrators within
the meaning of Rule 16b-3. Hereinafter, all references in this Plan to the
"Committee" shall mean the Board if no Committee has been appointed. Subject to
ratification of the grant or authorization of each stock right by the Board and
subject to the terms of the Plan, the Committee shall have the authority to (i)
determine the employees of the Company and Related Corporations (from among the
class of employees eligible under Section 5 to receive ISOs) to whom ISOs may be
granted, and to determine (from among the class of individuals and entities
eligible under Section 5 to receive Non-Qualified Options) to whom Non-Qualified
Options may be granted; (ii) determine the time or times at which Options may be
granted; (iii) determine the option price of shares subject to each Option,
which price shall not be less than the minimum price specified in Section 7;
(iv) determine whether each Option granted shall be an ISO or a Non-Qualified
Option; (v) determine (subject to Section 8) the time or times when each Option
shall become exercisable and the duration of the exercise period; (vi) determine
whether restrictions such as repurchase options in favor of the Company are to
be imposed on shares subject to Options and the nature of such restrictions, if
any, and; (vii) interpret the Plan and prescribe and rescind rules and
regulations relating to it. If the Committee determines to issue a Non-Qualified
Option, it shall take (or fail to take) whatever actions it deems necessary,
under Section 422 of the Code and the regulations promulgated thereunder, to
ensure that such Option is not treated as an ISO. The interpretation and
construction by the Committee of any provisions of the Plan or of any Option
granted under it shall be final unless otherwise determined by the Board. The
Committee may from time to time adopt such rules and regulations for carrying
out the Plan as it may deem best. No member of the Board or the Committee shall
be liable for any action or determination made in good faith with respect to the
Plan or any Option granted under it.

         3.2 Committee Action. The Committee may select one of its members as
its chairperson, and shall hold meetings at such time and places as it may be
determined. Acts by a majority of the Committee, or acts reduced to or approved
in writing by a majority of the members of the Committee (if consistent with
applicable state law), shall be the valid acts of the Committee. From time to
time the Board may increase the size of the Committee and appoint additional
members thereof, remove members (with or without cause) and appoint new members
in substitution therefor, fill vacancies however caused, or remove all members
of the Committee and thereafter directly administer the Plan.

         3.3 Grant of Options to Board Members. Options may be granted to
members of the Committee or the Board consistent with the provisions of the
first sentence of Section 3.1 above, if applicable. All grants of Options to
members of the Committee or the Board shall in all other respects be made in
accordance with the provisions of the Plan applicable to other eligible persons.
Members of the Committee or the Board who are either (i) eligible for Options
pursuant to the Plan or (ii) have been granted Options may vote on any matters
affecting the administration of the Plan or the grant of any Options pursuant to
the Plan, except that no such member shall act upon the granting to himself of
Options, but any such member may be counted in determining the existence of a
quorum at any meeting of the Board during which action is taken with respect to
the granting to him of Options.

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         4. STOCK. The stock subject to Options shall be authorized but unissued
shares of Common Stock of the Company, par value $0.00005 per share, or shares
of Common Stock acquired by the Company in any manner. The aggregate number of
shares of Common Stock which may be issued pursuant to the Plan is 800,000 (post
split). This number is subject to adjustment as provided in Section 14. Any such
shares may be issued as ISOs or Non-Qualified Options, so long as the number of
shares so issued does not exceed such number, as adjusted. If any Option granted
under the Plan shall expire or terminate for any reason without having been
exercised in full or shall cease for any reason to be exercisable in whole or in
part, or if the Company shall reacquire any unexercised shares, the unpurchased
shares subject to such Options and any unexercised shares so acquired by the
Company shall again be available for grants of Options under the Plan.

         5. ELIGIBLE EMPLOYEES AND OTHERS. ISOs may be granted to any employee
of the Company or any Related Corporation. Those officers and directors of the
Company who are not employees may not be granted ISOs under the Plan.
Non-Qualified Options may be granted to any employee, officer or director
(whether or not also an employee) or consultant of the Company or any Related
Corporation. The Committee may take into consideration a recipient's individual
circumstance in determining whether to grant an ISO or a Non-Qualified Option.
Granting of any Option to any individual or entity shall neither entitle that
individual or entity to, nor disqualify him/her or it from, participation in any
other grant of Options.

         6. GRANTING OF OPTIONS. Options may be granted under the Plan at any
time on or after the Effective Date and prior to December 31, 2008. The date of
an Option under the Plan will be the date specified by the Committee at the time
it grants the Option; provided, however, that such date shall not be prior to
the date on which the Committee acts to approve the grant. The Committee shall
have the right, with the consent of the Optionee, to convert an ISO granted
under the Plan to a Non-Qualified Option pursuant to Section 15.

         7. MINIMUM OPTION PRICE; ISO LIMITATIONS.

                  7.1 Price for ISOs. The exercise price per share specified in
the agreement relating to each ISO granted under the Plan shall not be less than
the fair market value per share of Common Stock on the date of such grant. In
the case of an ISO to be granted to an employee owning stock possessing more
than ten (10%) percent of the total combined voting power of all classes of
stock of the Company or any Related Corporation, the price per share specified
in the agreement relating to such ISO shall not be less than one hundred ten
(110%) percent of the fair market value per share of Common Stock on the Grant
Date.

                  7.2 Price for Non-Qualified Options. The exercise price per
share specified in the agreement relating to each Non-Qualified Option granted
under the Plan shall in no event be less than the minimum legal consideration
required therefor under the law of the State of New York or the laws of any
jurisdiction in which the Company or its successors in interest may be
organized.

                  7.3 $100,000 Annual Limitation on ISOs. Each eligible employee
may be granted ISOs only to the extent that, in the aggregate under the Plan and
all incentive stock option plans of the Company and any Related Corporation, the
value of Common Stock (determined at the time ISOs were granted) which is
subject to ISOs that become exercisable for the first time by such

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employee during any calendar year does not exceed $100,000. Any options granted
to an employee in excess of such amount will be granted as Non-Qualified
Options.

                  7.4 Determination of Fair Market Value. The fair market value
of Option shares shall be an amount per share determined on the basis of the
price at which shares of the Common Stock could reasonably be expected to be
sold in an arms-length transaction, for cash, other than on an installment
basis, to a person not employed by, controlled by, in control of or under common
control with the Company. Fair market value shall be determined by the
Committee, giving due consideration to recent grants of ISOs for shares of
Common Stock, recent transactions involving shares of the Common Stock, if any,
earnings of the Company to the date of such determination, projected earnings of
the Company, the effect of the transfer restrictions to which the Option shares
are subject under law and the Plan, the absence of a public market for the
Common Stock and such other matters as the Committee deems pertinent. If the
Common Stock of the Company is traded on any national securities exchange or the
NASDAQ Interdealer Quotation System, fair market value shall be (i) the average
of the high and low closing sales prices, or (ii) the average of the last
reported sale price on the NASDAQ National Market System, or (iii) the average
of the closing bid prices for the twenty (20) consecutive trading days preceding
the date of the event. The determination by the Committee of the fair market
value shall be conclusive and binding. The fair market value of the Option
shares shall be determined as of the day on which the event occurs.

         8. OPTION DURATION. Subject to earlier termination as provided in
Section 12, each Option shall expire on the date specified by the Committee, but
not more than (a) ten years from Grant Date in the case of ISOs generally, (b)
five years from the date of grant in the case of ISOs granted to an employee
owning stock possessing more than ten (10%) percent of the total combined voting
power of all classes of stock of the Company or any Related Corporation, and (c)
ten years and one day from the Grant Date in the case of Non-Qualified Options.
Subject to earlier termination as provided in Section 12, the term of each ISO
shall be the term set forth in the original instrument granting such ISO, except
with respect to any part of such ISO that is converted into a Non-Qualified
Option pursuant to Section 15.

         9. EXERCISE OF OPTION. Subject to the provisions of Sections 10, 12 and
17, each Option granted under the Plan shall be exercisable as follows:

                  9.1 Incentive Stock Options. All ISOs shall be either be fully
exercisable on the date of grant or shall become exercisable thereafter in such
installments as the Committee may specify.

                  9.2 Non-Qualified Options. All Non-Qualified Options shall be
either be fully exercisable on the date of grant or shall become exercisable
thereafter in such installments as the Committee may specify.

                  9.3 Period of Exercisability. Once an Option or installment
becomes exercisable, it shall remain exercisable until expiration or termination
of the Option, unless otherwise specified by the Committee.

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                  9.4 Partial Exercise. Each Option or installment may be
exercised at any time or from time to time, in whole or in part, for up to the
total number of shares with respect to which it is then exercisable.

                  9.5 Acceleration of Installments. The Committee shall have the
right to accelerate the date of exercise of any installment of any Option;
provided that the Committee shall not, without the consent of an Optionee,
accelerate the exercise date of any installment of any Option granted to any
employee as an ISO (and not previously converted into a Non-Qualified Option
pursuant to Section 15) if such acceleration would violate the annual exercise
limitation contained in Section 422(d) of the Code, as described in Section 7.3.

         10. TERMS AND CONDITIONS OF OPTIONS. Options shall be evidenced by
instruments (which need not be identical) in such forms as the Committee may
from time to time approve. Such instruments shall conform to the terms and
conditions set forth in Sections 7, 8, 9, 12 and 17 hereof and may contain such
other provisions as the Committee deems advisable which are not inconsistent
with the Plan, including restrictions applicable to shares of Common Stock
issuable upon exercise of Options. Non-Qualified Options shall be subject to the
restrictions set forth herein with respect to ISOs, or to such other termination
and cancellation provisions as the Committee may determine. The Committee may
from time to time confer authority and responsibility on one or more of its own
members and/or one or more officers of the Company to execute and deliver such
instruments. The proper officers of the Company are authorized and directed to
take any and all action necessary or advisable from time to time to carry out
the terms of such instruments.

         11. MEANS OF EXERCISING STOCK OPTION. An Option (or any part or
installation thereof) shall be exercisable by giving written notice to the
Company at its principal office address. Such notice shall identify the Option
being exercised and specify the number of shares as to which such Option is
being exercised, accompanied by full payment of the purchase price therefor
either (a) in United States dollars in cash or by check, or (b) at the
discretion of the Committee, through delivery of shares of Common Stock having a
fair market value equal as of the date of the exercise to the cash exercise
price of the Option, or (c) at the discretion of the Committee and consistent
with applicable law, through the delivery of an assignment to the Company of a
sufficient amount of the proceeds from the sale of the Common Stock acquired
upon exercise of the Stock Option and an authorization to the broker or selling
agent to pay that amount to the Company, which sale shall be at the
participant's direction at the time of exercise, or (d) at the discretion of the
Committee, by any combination of (a), (b) and (c) above. If the Committee
exercises its discretion to permit payment of the exercise price of an ISO by
means of the methods set forth in clause (b), (c) or (d) of the preceding
sentence, such discretion shall be exercised in writing at the time of the grant
of the ISO in question. The holder of an Option shall not have the rights of a
stockholder with respect to the shares covered by his Option until the date of
issuance of a stock certificate to him for such shares. Except as expressly
provided above in Section 14 with respect to changes in capitalization and stock
dividends, no adjustment shall be made for dividends or similar rights for which
the record date is before the date such stock certificate is issued.

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         12. TERMINATION OF EMPLOYMENT.

                  12.1 Termination of Options. In the event that Employee is
Discharged Without Cause or if Employee voluntarily resigns from employment with
the Company, Employee shall have ninety (90) days from the such date of
Discharge Without Cause or resignation in which to exercise any Option vested in
Employee under this Plan, to the extent of the number of shares with respect to
which he could have exercised it on the date of his Discharge. Thereafter, any
Option vested in, or granted to, Employee shall terminate.

                  12.2 Termination for Cause. If Employee is Discharged for
Cause, at any time during the term of this Plan, any Option granted to Employee
under this Plan shall automatically terminate as of the Termination Date.

                  12.3 Death. If any ISO Optionee ceases to be employed by the
Company and all Related Corporations by reason of his death, any ISO of his may
be exercised, to the extent of the number of shares with respect to which he
could have exercised it on the date of his death, by his estate, personal
representative or beneficiary who has acquired the ISO by will or by the law of
descent and distribution, at any time prior to the earlier of the specified
expiration date of the ISO or 90 days from the date of the Optionee's death.
Thereafter, any Option granted to Employee shall terminate.

                  12.4 Disability. If an ISO Optionee ceases to be employed by
the Company and all Related Corporations by reason of his/her disability, he/she
shall then have the right to exercise any ISO hold by him/her on the date of
termination of employment, to the extent of the number of shares with respect to
which he/she could have exercised it on that date, at any time prior to the
earlier of the specified expiration date of the ISO or one year from the date of
the termination of the Optionee's employment. Thereafter, any Option granted to
Employee shall terminate. For the purposes of the Plan, the term "disability"
shall mean "permanent and total disability" as defined in Section 22(e)(3) of
the Code.

         13. RESTRICTIVE COVENANT.

                  13.1 As an express condition to the granting of an Option to
Employee under this Plan, Employee shall agree that during his/her employment
with the Company and upon his/her Termination of Employment for any reason
whatsoever (whether voluntary or involuntary, and whether or not Discharged With
Cause) Employee shall not directly or indirectly:

                           (a) with respect to products or services that are
competitive with those of the Company, solicit or accept business or orders from
any persons, firms or entities, which were, prior to the Termination Date,
customers or clients of the Company;

                           (b) interfere with, disrupt or attempt to disrupt
relationships, contractual or otherwise, between the Company, and any of its
customers, clients, employees or vendors; or

                           (c) be employed by, or have any interest in (whether
as partner, shareholder, director, officer, consultant, contractor or
otherwise), any business located in, or doing

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business in, the United States of America with respect to products or services
that are competitive with those of the Company.

                  13.2 Further, Employee shall acknowledge that if Employee
violates the provisions of Section 13.1, money damages would be an inadequate
remedy for the Company, and that therefore, in such event, the Company, in
addition to any other remedies that it may have at law or in equity or under
this Plan, shall be entitled to an injunction issued by a court of competent
jurisdiction, restraining the Employee from committing or continuing to engage
in such prohibited activities. Employee agrees that upon request of the Company
the Employee shall execute such instruments as the Company and/or its counsel
deems advisable to effectuate the purposes of this Section 13.

                  13.3 In the event Employee violates the covenant described in
Section 13.1, at any time during or after the term of this Plan, any Options
granted to Employee under this Plan shall automatically terminate.

         14. ADJUSTMENTS. Upon the occurrence of any of the following events, an
Optionee's rights with respect to Options granted him/her hereunder shall be
adjusted as hereinafter provided, unless otherwise specifically provided in the
written agreement between the Optionee and the Company relating to such Option:

                  14.1 Stock Dividends and Stock Splits. If the shares of the
Common Stock shall be subdivided or combined into a greater or smaller number of
shares or if the Company shall issue any shares of Common Stock as a stock
dividend on its outstanding Common Stock, the number of shares of Common Stock
deliverable upon the exercise of Options shall be appropriately increased or
decreased proportionately, and appropriate adjustments shall be made in the
purchase price per share to reflect such subdivision, combination or stock
dividend.

                  14.2 Sale of the Company. If the Company is to be consolidated
with or acquired by another entity in a Sale of the Company, the Committee or
the board of directors of any successor entity (the "Successor Board"), shall,
as to outstanding Options, either (a) make appropriate provision for the
continuation of such Options by substituting on an equitable basis for the
shares then subject to such Options any equity securities of the successor
entity; (b) upon written notice to the Optionee, provide that all Options must
be exercised, if at all, within a specified number of days of the date of such
notice, at the end of which period the Options shall terminate; (c) terminate
all Options in exchange for a cash payment equal to the excess of the fair
market value of the shares subject to such Options over the exercise price
thereof; (d) terminate some or all Options in exchange for the right to
participate in any stock option or other employee benefit plan of any successor
entity; or (e) provide for the acceleration of any time period relating to the
exercise of the Option. If a proposed Sale of the Company is abandoned or
otherwise not consummated then, to the extent that the portion of the Option not
exercised prior to such abandonment shall have become exercisable solely by
operations of this Section 14.2, such exercisability shall be annulled and of no
further force or effect, and the exercisability period set forth in the
instrument ordering the Option shall be reinstated as of the date of such
abandonment.

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                  14.3 Recapitalization or Reorganization. In the event of a
recapitalization or reorganization of the Company (other than a transaction
described in Section 14.2) pursuant to which securities of the Company or of
another corporation are issued with respect to the outstanding shares of Common
Stock, an Optionee upon exercising an Option shall be entitled to receive for
the purchase price paid upon such exercise the securities he/she would have
received if he/she had exercised his/her Option prior to such recapitalization
or reorganization.

                  14.4 Change in Control. In order to preserve an Optionee's
rights in the event of a change in control of the Company (as defined by the
Committee), the Committee in its discretion may, at the time an Option is
granted or at any time thereafter, take one or more of the following actions:
(i) provide for the acceleration of any time period relating to the exercise of
the Option, (ii) provide for payment to the Optionee of cash or other property
with a fair market value equal to the amount that would have been received upon
the exercise of the Option had the Option been exercised upon the change in
control, (iii) adjust the terms of the Option in a manner determined by the
Committee to reflect the change in control, (iv) cause the Option to be assumed,
or new rights substituted therefor, by another entity, or (v) make such other
provision as the Committee may consider equitable to Optionees and in the best
interests of the Company.

                  14.5 Modification of ISOs. Notwithstanding the foregoing, any
adjustments made pursuant to Section 14.1, 14.2 or 14.3 with respect to ISOs
shall be made only after the Committee, after consulting with counsel for the
Company, determines whether such adjustments would constitute a "modification"
of such ISOs (as that term is defined in Section 424(h) of the Code) or would
cause any adverse tax consequences for the holders of such ISOs. If the
Committee determines such adjustments made with respect to ISOs would constitute
a modification of such ISOs, it may refrain from making such adjustments.

                  14.6 Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, other than a dissolution or
liquidation in connection with a Sale of the Company, each Option will terminate
immediately prior to the consummation of such proposed action or at such other
time and subject to such other conditions as shall be determined by the
Committee.

                  14.7 Issuances of Securities. Except as expressly provided
herein, no issuance by the Company of shares of stock of any class or securities
convertible into shares of stock of any class, shall affect, and no adjustment
by reason thereof shall be made with respect to, the number or price of shares
subject to Options. No adjustments shall be made for dividends paid in cash or
in property other than securities of the Company.

                  14.8 Fractional Shares. No fractional shares shall be issued
under the Plan and the Optionee shall receive from the Company cash in lieu of
such fractional shares.

                  14.9 Adjustments. Upon the happening of any of the events
described in Section 14.1, 14.2 or 14.3, the class and aggregate number of
shares set forth in Section 4 hereof that are subject to Options which
previously have been subsequently may be granted under the Plan shall also be
appropriately adjusted to reflect the events described in such subsections. The
Committee or

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the Successor Board shall determine the specific adjustments to be made under
this Section 14 and, subject to Section 3, its determination shall be
conclusive.

         If any person or entity owning restricted Common Stock obtained by
exercise of an Option made hereunder receives shares or securities or cash in
connection with a corporate transaction described in Section 14.1, 14.2 or 14.3
as a result of owning such restricted Common Stock, such shares or securities or
cash shall be subject to all of the conditions and restrictions applicable to
the restricted Common Stock with respect to which such shares or securities or
cash were issued, unless otherwise determined by the Committee or the Successor
Board.

                  14.10 Rights of Repurchase. If any of the events specified in
Section 14.11 below occur, then,

                           (a) with respect to shares acquired upon exercise of
an Option ("Option Shares") prior to the occurrence of such event, within ninety
(90) days after the Company receives actual knowledge of the event, and

                           (b) with respect to Option Shares acquired after the
occurrence of such event, within ninety (90) days following the date of such
exercise, (in either case, the "Repurchase Period"), the Company shall have the
option, but not the obligation, to repurchase all, but not a portion of, the
Option Shares from the Optionee, or his/her legal representatives, as the case
may be (the "Repurchase Option"). The Repurchase Option shall be exercised by
the Company by giving the Optionee, or his/her legal representative, written
notice of its intention to exercise the Repurchase Option on or before the last
day of the Repurchase Period, and, together with such notice, tendering to the
Optionee, or his/her representative, an amount equal to the Option exercise
price. The Company may, in exercising the Repurchase Option, designate one or
more nominees to purchase the Option Shares either within or without the
Company. Upon timely exercise of the Repurchase Option in the manner provided in
this Section 14.10, Optionee, or his/her legal representative, shall deliver to
the Company the stock certificate or certificates representing the Option
Shares, duly endorsed and free and clear of any and all liens, charges and
encumbrances. Upon the failure to so deliver such stock certificate or
certificates, the Company at its option may deem the Option Shares canceled and
reflect such cancellation on its books.

         If the Option Shares are not purchased under the Repurchase Option, the
Optionee and his/her successor in interest, if any, will hold any of the Option
Shares in his/her possession subject to all of the provisions of the Plan.

         Notwithstanding any of the foregoing to the contrary, the repurchase
options set forth in this Section 14.10 shall expire and terminate on the
earlier of (i) the tenth (10th) anniversary of the date of the grant hereof; or
(ii) the date on which shares of the same class of the Option Shares are listed
or admitted to unlisted trading privileges on a national securities exchange or
as to which sales or bid and offer quotations are reported in the automated
quotation system operated by the National Association of Securities Dealers,
Inc.

                  14.11 Company's Right to Exercise Repurchase Option. The
Company shall have the Repurchase Option in the event that any of the following
events shall occur:

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                           (a) The receivership, bankruptcy or other creditor's
proceeding regarding the Optionee or the taking of any of Optionee's Option
Shares by legal process, such as a levy of execution; or

                           (b) Distribution of shares held by the Optionee to
his/her spouse as such spouse's joint or community interest pursuant to a decree
of dissolution, operation of law, divorce, property settlement agreement or for
any other reason, except as may be otherwise permitted by the Company.

         15. CONVERSION OF ISOS INTO NON-QUALIFIED OPTIONS; TERMINATION OF ISOS.
The Committee, at the written request of any Optionee, may, in its discretion,
take such actions as may be necessary to convert such Optionee's ISOs (or any
installments or portions of installments thereof) that have not been exercised
on the date of conversion into Non-Qualified Options at any time prior to the
expiration of such ISOs, regardless of whether the Optionee is an employee of
the Company or a Related Corporation at the time of such conversion. Such
actions may include, but not be limited to, extending the exercise period or
reducing the exercise price of the appropriate installments of such ISOs. At the
time of such conversion, the Committee (with the consent of the Optionee) may
impose such conditions on the exercise of the resulting Non-Qualified Options as
the Committee in its discretion may determine, provided that such conditions
shall not be inconsistent with this Plan. Nothing in the Plan shall be deemed to
give any Optionee the right to have such Optionee's ISOs converted into
Non-Qualified Options, and no such conversion shall occur until and unless the
Committee takes appropriate action. The Committee, with the consent of the
Optionee, may also terminate any portion of any ISO that has not been exercised
at the time of such termination.

         16. WITHHOLDING OF ADDITIONAL INCOME TAXES. Upon the exercise of a
Non-Qualified Option, or the making of a Disqualifying Disposition (as defined
in Section 2), the Company, in accordance with Section 3402(a) of the Code, may
require the Optionee to pay additional withholding taxes in respect of the
amount that is considered compensation includible in such person's gross income.
The committee in its discretion may condition (i) the exercise of an Option, or
(ii) the vesting of restricted Common Stock acquired by exercising an Option, on
the grantee's payment of such additional withholding taxes.

         17. ASSIGNABILITY. No Option shall be assigned or transferable by the
Optionee except by will or by the laws of descent and distribution. During the
lifetime of the Optionee, each ISO shall be exercisable only by him/her.

         18. NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION. Each Employee who
receives an ISO must agree to notify the Company in writing immediately after
the employee makes a Disqualifying Disposition of any Common Stock acquired
pursuant to the exercise of an ISO. If the Employee has died before such stock
is sold, these holding period requirements do not apply and no Disqualifying
Disposition can occur thereafter.

         19. TERMS AND AMENDMENT OF PLAN. This Plan was adopted by the Board of
Directors of the Company on March 5, 1999 and is effective January 1, 1999,
subject (with respect to the validation of ISOs granted under the Plan) to
approval of the Plan by the stockholders of the

                                     - 11 -
<PAGE>   12
Company at a Meeting of the Stockholders or, in lieu thereof, by written
consent. If the approval of stockholders is not obtained prior to March 1, 2000,
any grants of ISOs under the Plan made prior to that date will be rescinded. The
Plan shall expire at the end of the day on December 31, 2008 (except as to
Options outstanding on that date). The Board may terminate or amend the Plan in
any respect at any time, except that, without the approval of the stockholders
obtained within twelve (12) months before or after the Board adopts a resolution
authorizing any of the following actions: (a) the total number of shares that
may be issued under the Plan may not be increased (except by adjustment pursuant
to Section 14); (b) the provisions of Section 5 regarding the eligibility for
grants of ISOs may not be modified; (c) the provisions of Section 7.2 regarding
the exercise price at which shares may be offered pursuant to ISOs may not be
modified (except by adjustment pursuant to Section 14); and (d) the expiration
date of the Plan may not be extended. Except as otherwise provided in this
Section 19, in no event may action of the Board of Directors or stockholders
alter or impair the rights of an Optionee, without his/her consent, under any
Option previously granted to him/her.

         20. APPLICATION OF FUNDS. The proceeds received by the Company from the
sale of shares pursuant to Options granted and Purchases authorized under the
Plan shall be used for working capital and other general corporate purposes.

         21. GOVERNMENTAL REGULATION; STOCK OPTION AGREEMENT. Anything contained
herein to the contrary notwithstanding, the Company shall not be obliged to sell
or issue any shares of Common Stock pursuant to the exercise of the Option
unless and until (i) the Company is satisfied that such sale or issuance
complies with all applicable provisions of the 1933 Securities Act and all other
laws or regulations by which the Company is bound or to which the Company or
such shares are subject and (ii) if Optionee has not already done so, Optionee
executes and delivers any Stock Option Agreement in the form then being utilized
by the Company with respect to new employee-stockholders which covers the shares
of Common Stock acquired pursuant to the exercise of the Option.

         22. MISCELLANEOUS PROVISIONS.

                  22.1 No Employee of the Company or any other person shall have
any claim or right to have an Option granted to him under this Plan except as
specifically set forth herein. The Optionee shall have no rights as stockholder
with respect to an Option until a stock certificate therefor has been issued to
the Optionee and is fully paid for by the Optionee. Except as expressly provided
in this Plan with respect to certain changes in capitalization of the Company,
no adjustment shall be made for dividends or similar rights for which the record
date is prior to the date such stock certificate is issued.

                  22.2 Neither the existence nor provisions of this Plan nor any
action taken hereunder shall be deemed to give Employee the right to be retained
in the employ or service of the Company or to interfere with the rights of the
Company to discharge Employee at any time.

                  22.3 The Company shall have the right to deduct from all
grants of Options and their conversion to Common Stock on the Trigger Date any
Federal, State, County or municipal taxes required by law to be withheld with
respect to same.

                                     - 12 -
<PAGE>   13
                  22.4 This Plan and all requirements thereunder shall be
construed in accordance with and governed by the laws of the State of New York.

                  22.5 Any provision of this Plan which may be determined by
competent authority to be prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

                  22.6 Throughout this Plan, the masculine shall include the
feminine and vice versa and the singular shall include the plural and vice
versa, unless the context of this Plan indicates otherwise.

                                     - 13 -
<PAGE>   14
         IN WITNESS WHEREOF, the Company has duly executed this Stock Option
Plan on this ________ day of March, 1999.

                                             MEDSITE.COM, INC.

                                             By: _______________________________
                                                 Sundeep Bhan, President<PAGE>   1
                                                                    Exhibit 10.3

                                MEDSITE.COM, INC.

                                 2000 STOCK PLAN

         1. Purposes of the Plan. The purposes of this 2000 Stock Plan are:

            - to attract and retain the best available personnel for
              positions of substantial responsibility,

            - to provide additional incentive to Employees, Directors
              and Consultants, and

            - to promote the success of the Company's business.

            Options granted under the Plan may be Incentive Stock Options or
Nonstatutory Stock Options, as determined by the Administrator at the time of
grant. Stock Purchase Rights may also be granted under the Plan.

         2. Definitions. As used herein, the following definitions shall apply:

            (a) "Administrator" means the Board or any of its Committees as
shall be administering the Plan, in accordance with Section 4 of the Plan.

            (b) "Applicable Laws" means the requirements relating to the
administration of stock option plans under U. S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of
any foreign country or jurisdiction where Options or Stock Purchase Rights are,
or will be, granted under the Plan.

            (c) "Board" means the Board of Directors of the Company.

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

            (e) "Committee" means a committee of Directors appointed by the
Board in accordance with Section 4 of the Plan.

            (f) "Common Stock" means the common stock of the Company.

            (g) "Company" means Medsite.com, Inc., a Delaware corporation.

            (h) "Consultant" means any person, including an advisor, engaged by
the Company or a Parent or Subsidiary to render services to such entity.

            (i) "Director" means a member of the Board.
<PAGE>   2
            (j) "Disability" means total and permanent disability as defined in
Section 22(e)(3) of the Code.

            (k) "Employee" means any person, including Officers and Directors,
employed by the Company or any Parent or Subsidiary of the Company. A Service
Provider shall not cease to be an Employee in the case of (i) any leave of
absence approved by the Company or (ii) transfers between locations of the
Company or between the Company, its Parent, any Subsidiary, or any successor.
For purposes of Incentive Stock Options, no such leave may exceed ninety days,
unless reemployment upon expiration of such leave is guaranteed by statute or
contract. If reemployment upon expiration of a leave of absence approved by the
Company is not so guaranteed, on the 181st day of such leave any Incentive Stock
Option held by the Optionee shall cease to be treated as an Incentive Stock
Option and shall be treated for tax purposes as a Nonstatutory Stock Option.
Neither service as a Director nor payment of a director's fee by the Company
shall be sufficient to constitute "employment" by the Company.

            (l) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

            (m) "Fair Market Value" means, as of any date, the value of Common
Stock determined as follows:

                        (i) If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the
Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market,
its Fair Market Value shall be the closing sales price for such stock (or the
closing bid, if no sales were reported) as quoted on such exchange or system for
the last market trading day prior to the time of determination, as reported in
The Wall Street Journal or such other source as the Administrator deems
reliable;

                        (ii) If the Common Stock is regularly quoted by a
recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share of Common Stock shall be the mean between the high bid
and low asked prices for the Common Stock on the last market trading day prior
to the day of determination, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or

                        (iii) In the absence of an established market for the
Common Stock, the Fair Market Value shall be determined in good faith by the
Administrator.

            (n) "Incentive Stock Option" means an Option intended to qualify as
an incentive stock option within the meaning of Section 422 of the Code and the
regulations promulgated thereunder.

            (o) "Nonstatutory Stock Option" means an Option not intended to
qualify as an Incentive Stock Option.

            (p) "Notice of Grant" means a written or electronic notice
evidencing certain terms and conditions of an individual Option or Stock
Purchase Right grant. The Notice of Grant is part of the Option Agreement.

                                      -2-
<PAGE>   3
            (q) "Officer" means a person who is an officer of the Company within
the meaning of Section 16 of the Exchange Act and the rules and regulations
promulgated thereunder.

            (r) "Option" means a stock option granted pursuant to the Plan.

            (s) "Option Agreement" means an agreement between the Company and an
Optionee evidencing the terms and conditions of an individual Option grant. The
Option Agreement is subject to the terms and conditions of the Plan.

            (t) "Option Exchange Program" means a program whereby outstanding
Options are surrendered in exchange for Options with a lower exercise price.

            (u) "Optioned Stock" means the Common Stock subject to an Option or
Stock Purchase Right.

            (v) "Optionee" means the holder of an outstanding Option or Stock
Purchase Right granted under the Plan.

            (w) "Parent" means a "parent corporation," whether now or hereafter
existing, as defined in Section 424(e) of the Code.

            (x) "Plan" means this Medsite.com, Inc. 2000 Stock Plan.

            (y) "Restricted Stock" means shares of Common Stock acquired
pursuant to a grant of Stock Purchase Rights under Section 11 of the Plan.

            (z) "Restricted Stock Purchase Agreement" means a written agreement
between the Company and the Optionee evidencing the terms and restrictions
applying to stock purchased under a Stock Purchase Right. The Restricted Stock
Purchase Agreement is subject to the terms and conditions of the Plan and the
Notice of Grant.

            (aa) "Rule 16b-3" means Rule 16b-3 of the Exchange Act or any
successor to Rule 16b-3, as in effect when discretion is being exercised with
respect to the Plan.

            (bb) "Section 16(b) " means Section 16(b) of the Exchange Act.

            (cc) "Service Provider" means an Employee, Director or Consultant.

            (dd) "Share" means a share of the Common Stock, as adjusted in
accordance with Section 13 of the Plan.

            (ee) "Stock Purchase Right" means the right to purchase Common Stock
pursuant to Section 11 of the Plan, as evidenced by a Notice of Grant.

            (ff) "Subsidiary" means a "subsidiary corporation", whether now or
hereafter existing, as defined in Section 424(f) of the Code.

                                      -3-
<PAGE>   4
         3. Stock Subject to the Plan. Subject to the provisions of Section 13
of the Plan, the maximum aggregate number of Shares that may be optioned and
sold under the Plan is [3,200,000] Shares plus an annual increase to be added on
the first day of the Company's fiscal year beginning in 2001, equal to the
lesser of (i) [2,000,000] shares, (ii) [3%] of the outstanding shares on such
date or (iii) a lesser amount determined by the Board.. The Shares may be
authorized, but unissued, or reacquired Common Stock.

            If an Option or Stock Purchase Right expires or becomes
unexercisable without having been exercised in full, or is surrendered pursuant
to an Option Exchange Program, the unpurchased Shares which were subject thereto
shall become available for future grant or sale under the Plan (unless the Plan
has terminated); provided, however, that Shares that have actually been issued
under the Plan, whether upon exercise of an Option or Right, shall not be
returned to the Plan and shall not become available for future distribution
under the Plan, except that if Shares of Restricted Stock are repurchased by the
Company at their original purchase price, such Shares shall become available for
future grant under the Plan.

         4. Administration of the Plan.

            (a) Procedure.

                        (i) Multiple Administrative Bodies. Different Committees
with respect to different groups of Service Providers may administer the Plan.

                        (ii) Section 162(m). To the extent that the
Administrator determines it to be desirable to qualify Options granted hereunder
as "performance-based compensation" within the meaning of Section 162(m) of the
Code, the Plan shall be administered by a Committee of two or more "outside
directors" within the meaning of Section 162(m) of the Code.

                        (iii) Rule 16b-3. To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3, the transactions contemplated
hereunder shall be structured to satisfy the requirements for exemption under
Rule 16b-3.

                        (iv) Other Administration. Other than as provided above,
the Plan shall be administered by (A) the Board or (B) a Committee, which
committee shall be constituted to satisfy Applicable Laws.

            (b) Powers of the Administrator. Subject to the provisions of the
Plan, and in the case of a Committee, subject to the specific duties delegated
by the Board to such Committee, the Administrator shall have the authority, in
its discretion:

                        (i) to determine the Fair Market Value;

                        (ii) to select the Service Providers to whom Options and
Stock Purchase Rights may be granted hereunder;

                        (iii) to determine the number of shares of Common Stock
to be covered by each Option and Stock Purchase Right granted hereunder;

                                      -4-
<PAGE>   5
                        (iv) to approve forms of agreement for use under the
Plan;

                        (v) to determine the terms and conditions, not
inconsistent with the terms of the Plan, of any Option or Stock Purchase Right
granted hereunder. Such terms and conditions include, but are not limited to,
the exercise price, the time or times when Options or Stock Purchase Rights may
be exercised (which may be based on performance criteria), any vesting
acceleration or waiver of forfeiture restrictions, and any restriction or
limitation regarding any Option or Stock Purchase Right or the shares of Common
Stock relating thereto, based in each case on such factors as the Administrator,
in its sole discretion, shall determine;

                        (vi) to reduce the exercise price of any Option or Stock
Purchase Right to the then current Fair Market Value if the Fair Market Value of
the Common Stock covered by such Option or Stock Purchase Right shall have
declined since the date the Option or Stock Purchase Right was granted;

                        (vii) to institute an Option Exchange Program;

                        (viii) to construe and interpret the terms of the Plan
and awards granted pursuant to the Plan;

                        (ix) to prescribe, amend and rescind rules and
regulations relating to the Plan, including rules and regulations relating to
sub-plans established for the purpose of qualifying for preferred tax treatment
under foreign tax laws;

                        (x) to modify or amend each Option or Stock Purchase
Right (subject to Section 15(c) of the Plan), including the discretionary
authority to extend the post-termination exercisability period of Options longer
than is otherwise provided for in the Plan;

                        (xi) to allow Optionees to satisfy withholding tax
obligations by electing to have the Company withhold from the Shares to be
issued upon exercise of an Option or Stock Purchase Right that number of Shares
having a Fair Market Value equal to the amount required to be withheld. The Fair
Market Value of the Shares to be withheld shall be determined on the date that
the amount of tax to be withheld is to be determined. All elections by an
Optionee to have Shares withheld for this purpose shall be made in such form and
under such conditions as the Administrator may deem necessary or advisable;

                        (xii) to authorize any person to execute on behalf of
the Company any instrument required to effect the grant of an Option or Stock
Purchase Right previously granted by the Administrator;

                        (xiii) to make all other determinations deemed necessary
or advisable for administering the Plan.

         (c) Effect of Administrator's Decision. The Administrator's decisions,
determinations and interpretations shall be final and binding on all Optionees
and any other holders of Options or Stock Purchase Rights.

                                      -5-
<PAGE>   6
         5. Eligibility. Nonstatutory Stock Options and Stock Purchase Rights
may be granted to Service Providers. Incentive Stock Options may be granted only
to Employees.

         6. Limitations.

            (a) Each Option shall be designated in the Option Agreement as
either an Incentive Stock Option or a Nonstatutory Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair Market
Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Optionee during any calendar year (under
all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such
Options shall be treated as Nonstatutory Stock Options. For purposes of this
Section 6(a), Incentive Stock Options shall be taken into account in the order
in which they were granted. The Fair Market Value of the Shares shall be
determined as of the time the Option with respect to such Shares is granted.

            (b) Neither the Plan nor any Option or Stock Purchase Right shall
confer upon an Optionee any right with respect to continuing the Optionee's
relationship as a Service Provider with the Company, nor shall they interfere in
any way with the Optionee's right or the Company's right to terminate such
relationship at any time, with or without cause.

            (c) The following limitations shall apply to grants of Options:

                        (i) No Service Provider shall be granted, in any fiscal
year of the Company, Options to purchase more than [1,500,000] Shares.

                        (ii) In connection with his or her initial service, a
Service Provider may be granted Options to purchase up to an additional
[1,500,000] Shares, which shall not count against the limit set forth in
subsection (i) above.

                        (iii) The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company's capitalization as
described in Section 13.

                        (iv) If an Option is cancelled in the same fiscal year
of the Company in which it was granted (other than in connection with a
transaction described in Section 13), the cancelled Option will be counted
against the limits set forth in subsections (i) and (ii) above. For this
purpose, if the exercise price of an Option is reduced, the transaction will be
treated as a cancellation of the Option and the grant of a new Option.

         7. Term of Plan. Subject to Section 19 of the Plan, the Plan shall
become effective upon its adoption by the Board. It shall continue in effect for
a term of ten (10) years unless terminated earlier under Section 15 of the Plan.

         8. Term of Option. The term of each Option shall be stated in the
Option Agreement. In the case of an Incentive Stock Option, the term shall be
ten (10) years from the date of grant or such shorter term as may be provided in
the Option Agreement. Moreover, in the case of an Incentive Stock Option granted
to an Optionee who, at the time the Incentive Stock Option is granted, owns
stock representing more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company or any Parent or Subsidiary, the
term of the Incentive Stock

                                      -6-
<PAGE>   7
Option shall be five (5) years from the date of grant or such shorter term as
may be provided in the Option Agreement.

         9. Option Exercise Price and Consideration.

            (a) Exercise Price. The per share exercise price for the Shares to
be issued pursuant to exercise of an Option shall be determined by the
Administrator, subject to the following:

                        (i) In the case of an Incentive Stock Option

                                    (A) granted to an Employee who, at the time
the Incentive Stock Option is granted, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any
Parent or Subsidiary, the per Share exercise price shall be no less than 110% of
the Fair Market Value per Share on the date of grant.

                                    (B) granted to any Employee other than an
Employee described in paragraph (A) immediately above, the per Share exercise
price shall be no less than 100% of the Fair Market Value per Share on the date
of grant.

                        (ii) In the case of a Nonstatutory Stock Option, the per
Share exercise price shall be determined by the Administrator. In the case of a
Nonstatutory Stock Option intended to qualify as "performance-based
compensation" within the meaning of Section 162(m) of the Code, the per Share
exercise price shall be no less than 100% of the Fair Market Value per Share on
the date of grant.

                        (iii) Notwithstanding the foregoing, Options may be
granted with a per Share exercise price of less than 100% of the Fair Market
Value per Share on the date of grant pursuant to a merger or other corporate
transaction.

            (b) Waiting Period and Exercise Dates. At the time an Option is
granted, the Administrator shall fix the period within which the Option may be
exercised and shall determine any conditions that must be satisfied before the
Option may be exercised.

            (c) Form of Consideration. The Administrator shall determine the
acceptable form of consideration for exercising an Option, including the method
of payment. In the case of an Incentive Stock Option, the Administrator shall
determine the acceptable form of consideration at the time of grant. Such
consideration may consist entirely of:

                        (i) cash;

                        (ii) check;

                        (iii) promissory note;

                        (iv) other Shares which (A) in the case of Shares
acquired upon exercise of an option, have been owned by the Optionee for more
than six months on the date of surrender, and

                                      -7-
<PAGE>   8
(B) have a Fair Market Value on the date of surrender equal to the aggregate
exercise price of the Shares as to which said Option shall be exercised;

                        (v) consideration received by the Company under a
cashless exercise program implemented by the Company in connection with the
Plan;

                        (vi) a reduction in the amount of any Company liability
to the Optionee, including any liability attributable to the Optionee's
participation in any Company-sponsored deferred compensation program or
arrangement;

                        (vii) any combination of the foregoing methods of
payment; or

                        (viii) such other consideration and method of payment
for the issuance of Shares to the extent permitted by Applicable Laws.

         10. Exercise of Option.

            (a) Procedure for Exercise; Rights as a Shareholder. Any Option
granted hereunder shall be exercisable according to the terms of the Plan and at
such times and under such conditions as determined by the Administrator and set
forth in the Option Agreement. Unless the Administrator provides otherwise,
vesting of Options granted hereunder shall be tolled during any unpaid leave of
absence. An Option may not be exercised for a fraction of a Share.

                        An Option shall be deemed exercised when the Company
receives: (i) written or electronic notice of exercise (in accordance with the
Option Agreement) from the person entitled to exercise the Option, and (ii) full
payment for the Shares with respect to which the Option is exercised. Full
payment may consist of any consideration and method of payment authorized by the
Administrator and permitted by the Option Agreement and the Plan. Shares issued
upon exercise of an Option shall be issued in the name of the Optionee or, if
requested by the Optionee, in the name of the Optionee and his or her spouse.
Until the Shares are issued (as evidenced by the appropriate entry on the books
of the Company or of a duly authorized transfer agent of the Company), no right
to vote or receive dividends or any other rights as a shareholder shall exist
with respect to the Optioned Stock, notwithstanding the exercise of the Option.
The Company shall issue (or cause to be issued) such Shares promptly after the
Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued, except as
provided in Section 13 of the Plan.

                        Exercising an Option in any manner shall decrease the
number of Shares thereafter available, both for purposes of the Plan and for
sale under the Option, by the number of Shares as to which the Option is
exercised.

         (b) Termination of Relationship as a Service Provider. If an Optionee
ceases to be a Service Provider, other than upon the Optionee's death or
Disability, the Optionee may exercise his or her Option within such period of
time as is specified in the Option Agreement to the extent that the Option is
vested on the date of termination (but in no event later than the expiration of
the term of such Option as set forth in the Option Agreement). In the absence of
a specified time in the Option Agreement, the Option shall remain exercisable
for three (3) months following the

                                      -8-
<PAGE>   9
Optionee's termination. If, on the date of termination, the Optionee is not
vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall revert to the Plan. If, after termination, the
Optionee does not exercise his or her Option within the time specified by the
Administrator, the Option shall terminate, and the Shares covered by such Option
shall revert to the Plan.

            (c) Disability of Optionee. If an Optionee ceases to be a Service
Provider as a result of the Optionee's Disability, the Optionee may exercise his
or her Option within such period of time as is specified in the Option Agreement
to the extent the Option is vested on the date of termination (but in no event
later than the expiration of the term of such Option as set forth in the Option
Agreement). In the absence of a specified time in the Option Agreement, the
Option shall remain exercisable for twelve (12) months following the Optionee's
termination. If, on the date of termination, the Optionee is not vested as to
his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

            (d) Death of Optionee. If an Optionee dies while a Service Provider,
the Option may be exercised within such period of time as is specified in the
Option Agreement (but in no event later than the expiration of the term of such
Option as set forth in the Notice of Grant), by the Optionee's estate or by a
person who acquires the right to exercise the Option by bequest or inheritance,
but only to the extent that the Option is vested on the date of death. In the
absence of a specified time in the Option Agreement, the Option shall remain
exercisable for twelve (12) months following the Optionee's termination. If, at
the time of death, the Optionee is not vested as to his or her entire Option,
the Shares covered by the unvested portion of the Option shall immediately
revert to the Plan. The Option may be exercised by the executor or administrator
of the Optionee's estate or, if none, by the person(s) entitled to exercise the
Option under the Optionee's will or the laws of descent or distribution. If the
Option is not so exercised within the time specified herein, the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan.

            (e) Buyout Provisions. The Administrator may at any time offer to
buy out for a payment in cash or Shares an Option previously granted based on
such terms and conditions as the Administrator shall establish and communicate
to the Optionee at the time that such offer is made.

         11. Stock Purchase Rights.

            (a) Rights to Purchase. Stock Purchase Rights may be issued either
alone, in addition to, or in tandem with other awards granted under the Plan
and/or cash awards made outside of the Plan. After the Administrator determines
that it will offer Stock Purchase Rights under the Plan, it shall advise the
offeree in writing or electronically, by means of a Notice of Grant, of the
terms, conditions and restrictions related to the offer, including the number of
Shares that the offeree shall be entitled to purchase, the price to be paid, and
the time within which the offeree must accept such offer. The offer shall be
accepted by execution of a Restricted Stock Purchase Agreement in the form
determined by the Administrator.

                                      -9-
<PAGE>   10
            (b) Repurchase Option. Unless the Administrator determines
otherwise, the Restricted Stock Purchase Agreement shall grant the Company a
repurchase option exercisable upon the voluntary or involuntary termination of
the purchaser's service with the Company for any reason (including death or
Disability). The purchase price for Shares repurchased pursuant to the
Restricted Stock Purchase Agreement shall be the original price paid by the
purchaser and may be paid by cancellation of any indebtedness of the purchaser
to the Company. The repurchase option shall lapse at a rate determined by the
Administrator.

            (c) Other Provisions. The Restricted Stock Purchase Agreement shall
contain such other terms, provisions and conditions not inconsistent with the
Plan as may be determined by the Administrator in its sole discretion.

            (d) Rights as a Shareholder. Once the Stock Purchase Right is
exercised, the purchaser shall have the rights equivalent to those of a
shareholder, and shall be a shareholder when his or her purchase is entered upon
the records of the duly authorized transfer agent of the Company. No adjustment
will be made for a dividend or other right for which the record date is prior to
the date the Stock Purchase Right is exercised, except as provided in Section 13
of the Plan.

         12. Non-Transferability of Options and Stock Purchase Rights. Unless
determined otherwise by the Administrator, an Option or Stock Purchase Right may
not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or by the laws of descent or distribution and may be
exercised, during the lifetime of the Optionee, only by the Optionee. If the
Administrator makes an Option or Stock Purchase Right transferable, such Option
or Stock Purchase Right shall contain such additional terms and conditions as
the Administrator deems appropriate.

         13. Adjustments Upon Changes in Capitalization, Dissolution, Merger or
Asset Sale.

            (a) Changes in Capitalization. Subject to any required action by the
shareholders of the Company, the number of shares of Common Stock covered by
each outstanding Option and Stock Purchase Right, and the number of shares of
Common Stock which have been authorized for issuance under the Plan but as to
which no Options or Stock Purchase Rights have yet been granted or which have
been returned to the Plan upon cancellation or expiration of an Option or Stock
Purchase Right, as well as the price per share of Common Stock covered by each
such outstanding Option or Stock Purchase Right, shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or
decrease in the number of issued shares of Common Stock effected without receipt
of consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration." Such adjustment shall be made by the Board,
whose determination in that respect shall be final, binding and conclusive.
Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an Option or Stock
Purchase Right.

                                      -10-
<PAGE>   11
            (b) Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each
Optionee as soon as practicable prior to the effective date of such proposed
transaction. The Administrator in its discretion may provide for an Optionee to
have the right to exercise his or her Option until ten (10) days prior to such
transaction as to all of the Optioned Stock covered thereby, including Shares as
to which the Option would not otherwise be exercisable. In addition, the
Administrator may provide that any Company repurchase option applicable to any
Shares purchased upon exercise of an Option or Stock Purchase Right shall lapse
as to all such Shares, provided the proposed dissolution or liquidation takes
place at the time and in the manner contemplated. To the extent it has not been
previously exercised, an Option or Stock Purchase Right will terminate
immediately prior to the consummation of such proposed action.

            (c) Merger or Asset Sale. In the event of a merger of the Company
with or into another corporation, or the sale of substantially all of the assets
of the Company, each outstanding Option and Stock Purchase Right shall be
assumed or an equivalent option or right substituted by the successor
corporation or a Parent or Subsidiary of the successor corporation. In the event
that the successor corporation refuses to assume or substitute for the Option or
Stock Purchase Right, the Optionee shall fully vest in and have the right to
exercise the Option or Stock Purchase Right as to all of the Optioned Stock,
including Shares as to which it would not otherwise be vested or exercisable. If
an Option or Stock Purchase Right becomes fully vested and exercisable in lieu
of assumption or substitution in the event of a merger or sale of assets, the
Administrator shall notify the Optionee in writing or electronically that the
Option or Stock Purchase Right shall be fully vested and exercisable for a
period of fifteen (15) days from the date of such notice, and the Option or
Stock Purchase Right shall terminate upon the expiration of such period. For the
purposes of this paragraph, the Option or Stock Purchase Right shall be
considered assumed if, following the merger or sale of assets, the option or
right confers the right to purchase or receive, for each Share of Optioned Stock
subject to the Option or Stock Purchase Right immediately prior to the merger or
sale of assets, the consideration (whether stock, cash, or other securities or
property) received in the merger or sale of assets by holders of Common Stock
for each Share held on the effective date of the transaction (and if holders
were offered a choice of consideration, the type of consideration chosen by the
holders of a majority of the outstanding Shares); provided, however, that if
such consideration received in the merger or sale of assets is not solely common
stock of the successor corporation or its Parent, the Administrator may, with
the consent of the successor corporation, provide for the consideration to be
received upon the exercise of the Option or Stock Purchase Right, for each Share
of Optioned Stock subject to the Option or Stock Purchase Right, to be solely
common stock of the successor corporation or its Parent equal in fair market
value to the per share consideration received by holders of Common Stock in the
merger or sale of assets.

         14. Date of Grant. The date of grant of an Option or Stock Purchase
Right shall be, for all purposes, the date on which the Administrator makes the
determination granting such Option or Stock Purchase Right, or such other later
date as is determined by the Administrator. Notice of the determination shall be
provided to each Optionee within a reasonable time after the date of such grant.

                                      -11-
<PAGE>   12
         15. Amendment and Termination of the Plan.

            (a) Amendment and Termination. The Board may at any time amend,
alter, suspend or terminate the Plan.

            (b) Shareholder Approval. The Company shall obtain shareholder
approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

            (c) Effect of Amendment or Termination. No amendment, alteration,
suspension or termination of the Plan shall impair the rights of any Optionee,
unless mutually agreed otherwise between the Optionee and the Administrator,
which agreement must be in writing and signed by the Optionee and the Company.
Termination of the Plan shall not affect the Administrator's ability to exercise
the powers granted to it hereunder with respect to Options granted under the
Plan prior to the date of such termination.

         16. Conditions Upon Issuance of Shares.

            (a) Legal Compliance. Shares shall not be issued pursuant to the
exercise of an Option or Stock Purchase Right unless the exercise of such Option
or Stock Purchase Right and the issuance and delivery of such Shares shall
comply with Applicable Laws and shall be further subject to the approval of
counsel for the Company with respect to such compliance.

            (b) Investment Representations. As a condition to the exercise of an
Option or Stock Purchase Right, the Company may require the person exercising
such Option or Stock Purchase Right to represent and warrant at the time of any
such exercise that the Shares are being purchased only for investment and
without any present intention to sell or distribute such Shares if, in the
opinion of counsel for the Company, such a representation is required.

         17. Inability to Obtain Authority. The inability of the Company to
obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company's counsel to be necessary to the lawful issuance and
sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

         18. Reservation of Shares. The Company, during the term of this Plan,
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         19. Shareholder Approval. The Plan shall be subject to approval by the
shareholders of the Company within twelve (12) months after the date the Plan is
adopted. Such shareholder approval shall be obtained in the manner and to the
degree required under Applicable Laws.

                                      -12-
<PAGE>   13

                                MEDSITE.COM, INC.

                             2000 STOCK OPTION PLAN

                             STOCK OPTION AGREEMENT

         Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Option Agreement.

I.       NOTICE OF STOCK OPTION GRANT

         [Optionee's Name and Address]

         You have been granted an option to purchase Common Stock of the
Company, subject to the terms and conditions of the Plan and this Option
Agreement, as follows:

<TABLE>
<S>                                                 <C>
         Grant Number                                ____________________________________________

         Date of Grant                               ____________________________________________

         Vesting Commencement Date                   ____________________________________________

         Exercise Price per Share                    $___________________________________________

         Total Number of Shares Granted              ____________________________________________

         Total Exercise Price                        $___________________________________________

         Type of Option:                             ___ Incentive Stock Option

                                                     ___ Nonstatutory Stock Option

         Term/Expiration Date:                       ____________________________________________
</TABLE>

         Vesting Schedule:

         Subject to accelerated vesting as set forth below, this Option may be
exercised, in whole or in part, in accordance with the following schedule:

         [20% OF THE SHARES SUBJECT TO THE OPTION SHALL VEST TWELVE MONTHS AFTER
THE VESTING COMMENCEMENT DATE, AND 1/60TH OF THE SHARES SUBJECT TO THE OPTION
SHALL VEST EACH MONTH THEREAFTER ON THE SAME DAY OF THE MONTH AS THE VESTING
COMMENCEMENT DATE, SUBJECT TO THE OPTIONEE CONTINUING TO BE A SERVICE PROVIDER
ON SUCH DATES].
<PAGE>   14
         Termination Period:

         This Option may be exercised for [THREE MONTHS] after Optionee ceases
to be a Service Provider. Upon the death or Disability of the Optionee, this
Option may be exercised for [TWELVE MONTHS] after Optionee ceases to be a
Service Provider. In no event shall this Option be exercised later than the
Term/Expiration Date as provided above.

II.      AGREEMENT

         A. Grant of Option.

                  The Plan Administrator of the Company hereby grants to the
Optionee named in the Notice of Grant attached as Part I of this Agreement (the
"Optionee") an option (the "Option") to purchase the number of Shares, as set
forth in the Notice of Grant, at the exercise price per share set forth in the
Notice of Grant (the "Exercise Price"), subject to the terms and conditions of
the Plan, which is incorporated herein by reference. Subject to Section 15(c) of
the Plan, in the event of a conflict between the terms and conditions of the
Plan and the terms and conditions of this Option Agreement, the terms and
conditions of the Plan shall prevail.

                  If designated in the Notice of Grant as an Incentive Stock
Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option
under Section 422 of the Code. However, if this Option is intended to be an
Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code
Section 422(d) it shall be treated as a Nonstatutory Stock Option ("NSO").

         B. Exercise of Option.

            (a) Right to Exercise. This Option is exercisable during its term in
accordance with the Vesting Schedule set out in the Notice of Grant and the
applicable provisions of the Plan and this Option Agreement.

            (b) Method of Exercise. This Option is exercisable by delivery of an
exercise notice, in the form attached as Exhibit A (the "Exercise Notice"),
which shall state the election to exercise the Option, the number of Shares in
respect of which the Option is being exercised (the "Exercised Shares"), and
such other representations and agreements as may be required by the Company
pursuant to the provisions of the Plan. The Exercise Notice shall be completed
by the Optionee and delivered to the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares. This Option shall be deemed to be exercised upon receipt by the Company
of such fully executed Exercise Notice accompanied by such aggregate Exercise
Price.

                  No Shares shall be issued pursuant to the exercise of this
Option unless such issuance and exercise complies with Applicable Laws.
Assuming such compliance, for income tax purposes the Exercised Shares shall be
considered transferred to the Optionee on the date the Option is exercised with
respect to such Exercised Shares.

                                      -2-
<PAGE>   15
         C. Method of Payment.

                  Payment of the aggregate Exercise Price shall be by any of the
following, or a combination thereof, at the election of the Optionee:

                  1. cash; or

                  2. check; or

                  3. consideration received by the Company under a cashless
         exercise program implemented by the Company in connection with the
         Plan; or

                  4. surrender of other Shares which (i) in the case of Shares
         acquired upon exercise of an option, have been owned by the Optionee
         for more than six (6) months on the date of surrender, and (ii) have a
         Fair Market Value on the date of surrender equal to the aggregate
         Exercise Price of the Exercised Share; or

                  5. [WITH THE ADMINISTRATOR'S CONSENT, DELIVERY OF OPTIONEE'S
         PROMISSORY NOTE (THE "NOTE") IN THE FORM ATTACHED HERETO AS EXHIBIT C,
         IN THE AMOUNT OF THE AGGREGATE EXERCISE PRICE OF THE EXERCISED SHARES
         TOGETHER WITH THE EXECUTION AND DELIVERY BY THE OPTIONEE OF THE
         SECURITY AGREEMENT ATTACHED HERETO AS EXHIBIT B. THE NOTE SHALL BEAR
         INTEREST AT THE "APPLICABLE FEDERAL RATE" PRESCRIBED UNDER THE CODE AND
         ITS REGULATIONS AT TIME OF PURCHASE, AND SHALL BE SECURED BY A PLEDGE
         OF THE SHARES PURCHASED BY THE NOTE PURSUANT TO THE SECURITY
         AGREEMENT;] OR

                  6. to the extent permitted by the Administrator, delivery of a
         properly executed exercise notice together with such other
         documentation as the Administrator and the broker, if applicable, shall
         require to effect an exercise of the Option and delivery to the Company
         of the sale proceeds required to pay the Exercise Price.

         D. Non-Transferability of Option.

                  This Option may not be transferred in any manner otherwise
than by will or by the laws of descent or distribution and may be exercised
during the lifetime of Optionee only by the Optionee. The terms of the Plan and
this Option Agreement shall be binding upon the executors, administrators,
heirs, successors and assigns of the Optionee.

         E. Term of Option.

                  This Option may be exercised only within the term set out in
the Notice of Grant, and may be exercised during such term only in accordance
with the Plan and the terms of this Option Agreement.

         F. Tax Consequences.

                  Some of the federal tax consequences relating to this Option,
as of the date of this Option, are set forth below. THIS SUMMARY IS NECESSARILY
INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. THE OPTIONEE
SHOULD

                                      -3-
<PAGE>   16
CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES.

         G. Exercising the Option.

                  1. Nonstatutory Stock Option. The Optionee may incur regular
federal income tax liability upon exercise of a NSO. The Optionee will be
treated as having received compensation income (taxable at ordinary income tax
rates) equal to the excess, if any, of the Fair Market Value of the Exercised
Shares on the date of exercise over their aggregate Exercise Price. If the
Optionee is an Employee or a former Employee, the Company will be required to
withhold from his or her compensation or collect from Optionee and pay to the
applicable taxing authorities an amount in cash equal to a percentage of this
compensation income at the time of exercise, and may refuse to honor the
exercise and refuse to deliver Shares if such withholding amounts are not
delivered at the time of exercise.

                  2. Incentive Stock Option. If this Option qualifies as an ISO,
the Optionee will have no regular federal income tax liability upon its
exercise, although the excess, if any, of the Fair Market Value of the Exercised
Shares on the date of exercise over their aggregate Exercise Price will be
treated as an adjustment to alternative minimum taxable income for federal tax
purposes and may subject the Optionee to alternative minimum tax in the year of
exercise. In the event that the Optionee ceases to be an Employee but remains a
Service Provider, any Incentive Stock Option of the Optionee that remains
unexercised shall cease to qualify as an Incentive Stock Option and will be
treated for tax purposes as a Nonstatutory Stock Option on the date three (3)
months and one (1) day following such change of status.

         3. Disposition of Shares.

                           (a) NSO. If the Optionee holds NSO Shares for at
least one year, any gain realized on disposition of the Shares will be treated
as long-term capital gain for federal income tax purposes.

                           (b) ISO. If the Optionee holds ISO Shares for at
least one year after exercise and two years after the grant date, any gain
realized on disposition of the Shares will be treated as long-term capital gain
for federal income tax purposes. If the Optionee disposes of ISO Shares within
one year after exercise or two years after the grant date, any gain realized on
such disposition will be treated as compensation income (taxable at ordinary
income rates) to the extent of the excess, if any, of the lesser of (A) the
difference between the Fair Market Value of the Shares acquired on the date of
exercise and the aggregate Exercise Price, or (B) the difference between the
sale price of such Shares and the aggregate Exercise Price. Any additional gain
will be taxed as capital gain, short-term or long-term depending on the period
that the ISO Shares were held.

                           (c) Notice of Disqualifying Disposition of ISO
Shares. If the Optionee sells or otherwise disposes of any of the Shares
acquired pursuant to an ISO on or before the later of (i) two years after the
grant date, or (ii) one year after the exercise date, the Optionee shall
immediately notify the Company in writing of such disposition. The Optionee
agrees that he or she may be subject to income tax withholding by the Company on
the compensation income recognized from such early disposition of ISO Shares by
payment in cash or out of the current earnings paid to the Optionee.

                                      -4-
<PAGE>   17
         H. Entire Agreement; Governing Law.

                  The Plan is incorporated herein by reference. The Plan and
this Option Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Optionee with respect to the
subject matter hereof, and may not be modified adversely to the Optionee's
interest except by means of a writing signed by the Company and Optionee. This
agreement is governed by the internal substantive laws, but not the choice of
law rules, of New York.

         I. NO GUARANTEE OF CONTINUED SERVICE.

                  OPTIONEE ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES
PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A
SERVICE PROVIDER AT THE WILL OF THE COMPANY (AND NOT THROUGH THE ACT OF BEING
HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES HEREUNDER). OPTIONEE FURTHER
ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED
HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS
OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING
PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE WITH OPTIONEE'S RIGHT
OR THE COMPANY'S RIGHT TO TERMINATE OPTIONEE'S RELATIONSHIP AS A SERVICE
PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

         By your signature and the signature of the Company's representative
below, you and the Company agree that this Option is granted under and governed
by the terms and conditions of the Plan and this Option Agreement. Optionee has
reviewed the Plan and this Option Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Option
Agreement and fully understands all provisions of the Plan and Option Agreement.
Optionee hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Administrator upon any questions relating to the Plan
and Option Agreement. Optionee further agrees to notify the Company upon any
change in the residence address indicated below.

OPTIONEE:                                  MEDSITE.COM, INC.

-----------------------------------        -------------------------------------
Signature                                  By

-----------------------------------        -------------------------------------
Print Name                                 Title

-----------------------------------        -------------------------------------
Residence Address

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

                                      -5-
<PAGE>   18
                                CONSENT OF SPOUSE

         The undersigned spouse of Optionee has read and hereby approves the
terms and conditions of the Plan and this Option Agreement. In consideration of
the Company's granting his or her spouse the right to purchase Shares as set
forth in the Plan and this Option Agreement, the undersigned hereby agrees to be
irrevocably bound by the terms and conditions of the Plan and this Option
Agreement and further agrees that any community property interest shall be
similarly bound. The undersigned hereby appoints the undersigned's spouse as
attorney-in-fact for the undersigned with respect to any amendment or exercise
of rights under the Plan or this Option Agreement.

                                                --------------------------------
                                                Spouse of Optionee
<PAGE>   19
                                    EXHIBIT A

                                MEDSITE.COM, INC.

                             2000 STOCK OPTION PLAN

                                 EXERCISE NOTICE

Medsite.com, Inc.
59 Maiden Lane
New York, NY 10038

Attention:  [Title]

         1. Exercise of Option. Effective as of today, ________________, _____,
the undersigned ("Purchaser") hereby elects to purchase ______________ shares
(the "Shares") of the Common Stock of Medsite.com, Inc. (the "Company") under
and pursuant to the 2000 Stock Plan (the "Plan") and the Stock Option Agreement
dated, _____ (the "Option Agreement"). The purchase price for the Shares shall
be $_____, as required by the Option Agreement.

         2. Delivery of Payment. Purchaser herewith delivers to the Company the
full purchase price for the Shares.

         3. Representations of Purchaser. Purchaser acknowledges that Purchaser
has received, read and understood the Plan and the Option Agreement and agrees
to abide by and be bound by their terms and conditions.

         4. Rights as Shareholder. Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company) of the Shares, no right to vote or receive dividends or
any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Shares so acquired shall
be issued to the Optionee as soon as practicable after exercise of the Option.
No adjustment will be made for a dividend or other right for which the record
date is prior to the date of issuance, except as provided in Section 13 of the
Plan.

         5. Tax Consultation. Purchaser understands that Purchaser may suffer
adverse tax consequences as a result of Purchaser's purchase or disposition of
the Shares. Purchaser represents that Purchaser has consulted with any tax
consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for
any tax advice.

<PAGE>   20
         6. Entire Agreement; Governing Law. The Plan and Option Agreement are
incorporated herein by reference. This Agreement, the Plan and the Option
Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser's interest except by
means of a writing signed by the Company and Purchaser. This agreement is
governed by the internal substantive laws, but not the choice of law rules, of
New York.

Submitted by:                              Accepted by:

PURCHASER:                                 MEDSITE.COM, INC.

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

-----------------------------------        -------------------------------------
Signature                                  By

-----------------------------------        -------------------------------------
Print Name                                 Its

Address:                                   Address:

-----------------------------------        59 Maiden Lane
                                           New York, NY 10038

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

                                      -2-

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