Document:

Exhibit 10.2

                          REGISTRATION RIGHTS AGREEMENT

                  REGISTRATION RIGHTS AGREEMENT dated as of June 9, 2000 (this
"Agreement"), between SYMPOSIUM CORPORATION, a Delaware corporation, with
principal executive offices located at 410 Park Avenue, Suite 830, New York, New
York 10022 (the "Company"), and the undersigned (the "Investor").

                              W I T N E S S E T H :
                               - - - - - - - - - -

                  WHEREAS, upon the terms and subject to the conditions of the
Securities Purchase Agreement dated as of the date hereof, between the Investor
and the Company (the "Securities Purchase Agreement"), the Company has agreed to
issue and sell to the Investor on the date hereof, (i) 30,375 shares of the
Company's Series A Convertible Preferred Stock, par value $.001 per share (the
"Initially Issued Preferred Shares"), which, upon the terms of and subject to
the conditions of the Company's Certificate of Designation relating to the
Preferred Shares (the "Certificate of Designation"), are convertible into shares
of the Company's common stock, par value $0.001 per share (the "Common Stock"),
and (ii) 225,000 Common Stock Purchase Warrants (the "Initially Issued
Warrants") to purchase shares of Common Stock;

                  WHEREAS, upon the terms and subject to the conditions of the
Securities Purchase Agreement the Company has granted the Investor an option
(the "Option") to purchase, (i) an additional 20,250 Preferred Shares (the
"Subsequently Issued Preferred Shares", and together with the Initially Issued
Preferred Shares, the "Preferred Shares") which, upon the terms of and subject
to the conditions of the Company's Certificate of Designation, are convertible
into Common Stock, and (ii) and additional 150,000 Common Stock Purchase
Warrants (the "Subsequently Issued Warrants", and together with th Initially
Issued Warrants, the "Warrants") to purchase shares of Common Stock; and

                  WHEREAS, to induce the Investor to execute and deliver the
Securities Purchase Agreement, the Company has agreed to provide the Investor
with certain registration rights under the Securities Act with respect to the
Common Stock (i) issued or issuable in lieu of cash dividend payments on the
Preferred Shares, (ii) upon conversion of the Preferred Shares, and (iii)
exercise of the Warrants;

                  NOW, THEREFORE, in consideration of the premises and the
mutual covenants contained herein, the parties hereto, intending to be legally
bound, hereby agree as follows:

         1.       Definitions.

                  (a) As used in this Agreement, the following terms shall have
the following meanings:

                      (i) "Affiliate", of any specified Person (as hereinafter
defined) means any other Person who directly, or indirectly through one or more
intermediaries, is in control of, is controlled by, or is under common control
with, such specified Person. For purposes of this definition, control of a
Person means the power, directly or indirectly, to direct or cause the direction
of the management and policies of such Person whether by contract, securities,
ownership or otherwise; and the terms "controlling" and "controlled" have the
respective

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meanings correlative to the foregoing.

                      (ii) "Commission" means the Securities and Exchange
Commission.

                      (iii) "Current Market Price" on any date of determination
means the closing bid price of a share of the Common Stock on such day as
reported on the OTC Bulletin Board service of the National Association of
Securities Dealers, Inc. ("OTCBB"). If such security is not listed or admitted
to trading on the OTCBB, on the principal national security exchange or
quotation system on which such security is quoted or listed or admitted to
trading, or, if not quoted or listed or admitted to trading on any national
securities exchange or quotation system, the closing bid price of such security
on the over-the-counter market on the day in question as reported by Bloomberg,
L.P., or a generally accepted reporting service, as the case may be.

                      (iv) "Exchange Act" means the Securities Exchange Act of
1934, as amended, and the rules and regulations of the Commission thereunder, or
any similar successor statute.

                      (v) "Funding Date" means the date and time of the issuance
and sale of the Initially Issued Preferred Shares and the Initially Issued
Warrants.

                      (vi) "Investors" means the Investor and any permitted
transferee or assignee of Registrable Securities under the Securities Purchase
Agreement who agrees to become bound by all of the terms and provisions of this
Agreement in accordance with Section 8 hereof.

                      (vii) "Person" means any individual, partnership,
corporation, limited liability company, joint stock company, association, trust,
unincorporated organization, or a government or agency or political subdivision
thereof.

                      (viii) "Prospectus" means the prospectus (including,
without limitation, any preliminary prospectus and any final prospectus filed
pursuant to Rule 424(b) under the Securities Act, including any prospectus that
discloses information previously omitted from a prospectus filed as part of an
effective registration statement in reliance on Rule 430A under the Securities
Act) included in the Registration Statement (as hereinafter defined), as amended
or supplemented by any prospectus supplement with respect to the terms of the
offering of any portion of the Registrable Securities (as hereinafter defined)
covered by the Registration Statement and by all other amendments and
supplements to such prospectus, including all material incorporated by reference
in such prospectus and all documents filed after the date of such prospectus by
the Company under the Exchange Act and incorporated by reference therein.

                      (ix) "Public Offering" means an offer registered with the
Commission and the appropriate state securities commissions by the Company of
its Common Stock and made

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pursuant to the Securities Act. (x) "Registrable Securities" means the Common
Stock issued or issuable (i) in lieu of cash dividend payments on the Preferred
Shares, (ii) upon conversion of the Preferred Shares or (iii) upon exercise of
the Warrants; provided, however, that a share of Common Stock shall cease to be
a Registrable Security for purposes of this Agreement when it no longer is a
Restricted Security (as hereinafter defined).

                      (xi) "Registration Statement" means a registration
statement of the Company filed on an appropriate form under the Securities Act
providing for the registration of, and the sale on a continuous or delayed basis
by the holders of, all of the Registrable Securities pursuant to Rule 415 under
the Securities Act, including the Prospectus contained therein and forming a
part thereof, any amendments to such registration statement and supplements to
such Prospectus, and all exhibits and other material incorporated by reference
in such registration statement and Prospectus.

                      (xii) "Restricted Security" means any share of Common
Stock issued or issuable in lieu of cash dividend payments on the Preferred
Shares, upon conversion of the Preferred Shares or exercise of the Warrants
except any such share that (i) has been registered pursuant to an effective
registration statement under the Securities Act, (ii) has been transferred in
compliance with the resale provisions of Rule 144 under the Securities Act (or
any successor provision thereto) or is transferable pursuant to paragraph (d) of
Rule 144 under the Securities Act (or any successor provision thereto), or (iii)
otherwise has been transferred and a new share of Common Stock not subject to
transfer restrictions under the Securities Act has been delivered by or on
behalf of the Company.

                      (xiii) "Securities Act" means the Securities Act of 1933,
as amended, and the rules and regulations of the Commission thereunder, or any
similar successor statute.

                  (b) All capitalized terms used and not defined herein have the
respective meaning assigned to them in the Securities Purchase Agreement.

         2.       Registration.

                  (a) Filing and Effectiveness of Registration Statement. The
Company shall prepare and file with the Commission (X) no earlier than (i)
seventy-five (75) days following the Funding Date or (ii) the date on which the
Investor shall have given written notice to the Company that it has waived its
right to exercise the Option, and (Y) no later than one hundred twenty (120)
days after May 15, 2000 (the "Benchmark Date"), a Registration Statement
relating to the offer and sale of all of the Registrable Securities and shall
use its best efforts to cause the Commission to declare such Registration
Statement effective under the Securities Act as promptly as practicable but not
later than one hundred ninety five (195) days after the Benchmark Date. The
Company shall not include any other securities in the Registration Statement
relating to the offer and sale of the Registrable Securities. The Company shall
notify the Investor by

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written notice that such Registration Statement has been declared effective by
the Commission within 24 hours of such declaration by the Commission.

                  (b) Registration Default. (i) If the Registration Statement
covering the Registrable Securities required to be filed by the Company pursuant
to Section 2 (a) hereof is not (A) filed with the Commission within one hundred
twenty (120) days after the Benchmark Date, or (B) declared effective by the
Commission within one hundred ninety five (195) days after the Benchmark Date
(either of which, without duplication, an "Initial Date"), then the Company
shall make the payments to the Investor as provided in the next sentence as
liquidated damages and not as a penalty. The amount to be paid by the Company to
the Investor shall be determined as of each Computation Date (as defined below),
and such amount shall be equal to 2% (the "Liquidated Damage Rate ") of the
Purchase Price (as defined in the Securities Purchase Agreement) from the
Initial Date to the first Computation Date and for each Computation Date
thereafter, calculated on a pro rata basis to the date on which the Registration
Statement is filed with or declared effective by the Commission (the "Periodic
Amount"); provided, however, that in no event shall the Liquidated Damages be
less than $15,000. The full Periodic Amount shall be paid by the Company to the
Investor by wire transfer of immediately available funds within three days after
each Computation Date.

                  (ii) As used in this Section 2(b), "Computation Date" means
the date which is 30 days after the applicable Initial Date and, if the
Registration Statement required to be filed by the Company pursuant to Section
2(a) has not theretofore been declared effective by the Commission, each date
which is 30 days after the most recent applicable Computation Date until such
Registration Statement is declared effective.

                  (iii) Notwithstanding the above, if the Registration Statement
covering the Registrable Securities required to be filed by the Company pursuant
to Section 2(a) hereof is not (x) filed with the Commission by the one hundred
twentieth (120th ) day after the Benchmark Date, or (y) declared effective by
the Commission by the one hundred ninety fifth (195th) day after the Benchmark
Date, the Company shall be in default of this Registration Rights Agreement.

                  (c) (i) If the Company proposes to register any of its
warrants, Common Stock or any other shares of common stock under the Securities
Act (other than a registration (A) on Form S-8 or S-4 or any successor or
similar forms, (B) relating to Common Stock or any other shares of common stock
of the Company issuable upon exercise of employee share options or in connection
with any employee benefit or similar plan of the Company, or (C) in connection
with a direct or indirect acquisition by the Company of another Person or any
transaction with respect to which Rule 145 (or any successor provision) under
the Securities Act applies), whether or not for sale for its own account), it
will at each such time, give written notice at least 20 days prior to the
anticipated filing date of the registration statement relating to such
registration to the Investor, which notice shall set forth such Investor's
rights under Section 3 hereof and shall offer the Investor the opportunity to
include in such registration statement such number of Registrable

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Shares as the Investor may request. Upon the written request of the Investor
made within ten (10) days after the receipt of notice from the Company (which
request shall specify the number of Registrable Shares intended to be disposed
of by such Investor), the Company will use its best efforts to effect the
registration under the Securities Laws of all Registrable Shares that the
Company has been so requested to register by the Investor, to the extent
requisite to permit the disposition of the Registrable Shares to be registered;
provided, however, that (A) if such registration involves a Public Offering, the
Investor must sell its Registrable Shares to the underwriters selected as
provided in Section 3(b) hereof on the same terms and conditions as apply to the
Company, and (B) if, at any time after giving written notice of its intention to
register any Registrable Shares pursuant to Section 3 hereof and prior to the
effective date of the registration statement filed in connection with such
registration, the Company shall determine for any reason not to register such
Registrable Shares, the Company shall give written notice to the Investor and,
thereupon, shall be relieved of its obligation to register any Registrable
Shares in connection with such registration. The Company's obligations under
this Section 2(c) shall terminate on the date that the registration statement to
be filed in accordance with Section 2(a) is declared effective by the
Commission.

                      (ii) If a registration pursuant to this Section 2(c)
involves a Public Offering and the managing underwriter thereof advises the
Company that, in its view, the number of shares of Common Stock, Warrants or
other shares of Common Stock that the Company and the Investors intend to
include in such registration exceeds the largest number of shares of Common
Stock or Warrants (including any other shares of Common Stock or Warrants of the
Company) that can be sold without having an adverse effect on such Public
Offering (the "Maximum Offering Size"), the Company will include in such
registration only such number of shares of Common Stock or Warrants, as
applicable, as does not exceed the Maximum Offering Size, and the number of
shares in the Maximum Offering Size shall be allocated among the Company, the
Investors and any other sellers of Common Stock or Warrants in such Public
Offering ("Third-Party Sellers"), first, among the Company and/or such
Third-Party Seller who has caused the registration statement to be filed until
all the shares of Common Stock or Warrants originally proposed to be offered for
sale have been allocated, and second, pro rata among the Investors and any other
Third-Party Seller with rights to include their Common Stock in such Public
Offering, in each case on the basis of the relative number of shares of Common
Stock or Warrants originally proposed to be offered for sale under such
registration by each of the Investors and said Third-Party Sellers, as the case
may be. If as a result of the proration provisions of this Section 2(c)(ii), any
Investor is not entitled to include all such Registrable Securities in such
registration, such Investor may elect to withdraw its request to include any
Registrable Securities in such registration. With respect to registrations
pursuant to this Section 2(c), the number of securities required to satisfy any
underwriters' over-allotment option shall be allocated among the Company, the
Investors and any Third Party Seller pro rata on the basis of the relative
number of securities offered for sale under such registration by each of the
Investors, the Company and any such Third. Party Sellers before the exercise of
such over-allotment option.

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         3.       Obligations of the Company. In connection with the
registration of the Registrable Securities, the Company shall:

                  (a) Promptly (i) prepare and file with the Commission such
amendments (including post-effective amendments) to the Registration Statement
and supplements to the Prospectus as may be necessary to keep the Registration
Statement continuously effective and in compliance with the provisions of the
Securities Act applicable thereto so as to permit the Prospectus forming part
thereof to be current and useable by Investors for resales of the Registrable
Securities for a period of one (1) year from the date on which the Registration
Statement is first declared effective by the Commission (the "Effective Time")
or such shorter period that will terminate when all the Registrable Securities
covered by the Registration Statement have been sold pursuant thereto in
accordance with the plan of distribution provided in the Prospectus, transferred
pursuant to Rule 144 under the Securities Act or otherwise transferred in a
manner that results in the delivery of new securities not subject to transfer
restrictions under the Securities Act (the "Registration Period") and (ii) take
all lawful action such that each of (A) the Registration Statement and any
amendment thereto does not, when it becomes effective, contain an untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, not misleading and
(B) the Prospectus forming part of the Registration Statement, and any amendment
or supplement thereto, does not at any time during the Registration Period
include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading.
Notwithstanding the foregoing provisions of this Section 3(a), the Company may,
during the Registration Period, suspend the use of the Prospectus for a period
not to exceed thirty (30) days (whether or not consecutive) in any 12-month
period if the Board of Directors of the Company determines in good faith that
because of valid business reasons, including pending mergers or other business
combination transactions, the planned acquisition or divestiture of assets,
pending material corporate developments and similar events, it is in the best
interests of the Company to suspend such use, and prior to or contemporaneously
with suspending such use the Company provides the Investors with written notice
of such suspension, which notice need not specify the nature of the event giving
rise to such suspension. At the end of any such suspension period, the Company
shall provide the Investors with written notice of the termination of such
suspension.

                  (b) During the Registration Period, comply with the provisions
of the Securities Act with respect to the Registrable Securities of the Company
covered by the Registration Statement until such time as all of such Registrable
Securities have been disposed of in accordance with the intended methods of
disposition by the Investors as set forth in the Prospectus forming part of the
Registration Statement;

                  (c) (i) Prior to the filing with the Commission of any
Registration Statement (including any amendments thereto) and the distribution
or delivery of any Prospectus (including any supplements thereto), provide draft
copies thereof to the Investors and reflect in such

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documents all such comments as the Investors (and their counsel) reasonably may
propose and (ii) furnish to each Investor whose Registrable Securities are
included in the Registration Statement and its legal counsel identified to the
Company, (A) promptly after the same is prepared and publicly distributed, filed
with the Commission, or received by the Company, one copy of the Registration
Statement, each Prospectus, and each amendment or supplement thereto, and (B)
such number of copies of the Prospectus and all amendments and supplements
thereto and such other documents, as such Investor may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by such
Investor;

                  (d) (i) Register or qualify the Registrable Securities covered
by the Registration Statement under such securities or "blue sky" laws of such
jurisdictions as the Investors who hold a majority-in-interest of the
Registrable Securities being offered reasonably request, (ii) prepare and file
in such jurisdictions such amendments (including post-effective amendments) and
supplements to such registrations and qualifications as may be necessary to
maintain the effectiveness thereof at all times during the Registration Period,
(iii) take all such other lawful actions as may be necessary to maintain such
registrations and qualifications in effect at all times during the Registration
Period, and (iv) take all such other lawful actions reasonably necessary or
advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to qualify to do business in any
jurisdiction where it would not otherwise be required to qualify but for this
Section 3(d);

                  (e) As promptly as practicable after becoming aware of such
event, notify each Investor of the occurrence of any event, as a result of which
the Prospectus included in the Registration Statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading, and
promptly prepare an amendment to the Registration Statement and supplement to
the Prospectus to correct such untrue statement or omission, and deliver a
number of copies of such supplement and amendment to each Investor as such
Investor may reasonably request;

                  (f) As promptly as practicable after becoming aware of such
event, notify each Investor who holds Registrable Securities being sold (or, in
the event of an underwritten offering, the managing underwriters) of the
issuance by the Commission of any stop order or other suspension of the
effectiveness of the Registration Statement at the earliest possible time and
take all lawful action to effect the withdrawal, recession or removal of such
stop order or other suspension;

                  (g) Cause all the Registrable Securities covered by the
Registration Statement to be listed on any national securities exchange, and
included in any inter-dealer quotation system of a registered national
securities association, on or in which securities of the same class or series
issued by the Company are then listed or included;

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                  (h) Maintain a transfer agent and registrar, which may be a
single entity, for the Registrable Securities not later than the effective date
of the Registration Statement;

                  (i) Cooperate with the Investors who hold Registrable
Securities being offered to facilitate the timely preparation and delivery of
certificates for the Registrable Securities to be offered pursuant to the
Registration Statement and enable such certificates for the Registrable
Securities to be in such denominations or amounts, as the case may be, as the
Investors reasonably may request and registered in such names as the Investor
may request; and, within three business days after a Registration Statement
which includes Registrable Securities is declared effective by the Commission,
deliver and cause legal counsel selected by the Company to deliver to the
transfer agent for the Registrable Securities (with copies to the Investors
whose Registrable Securities are included in such Registration Statement) an
appropriate instruction and, to the extent necessary, an opinion of such
counsel;

                  (j) Take all such other lawful actions reasonably necessary to
expedite and facilitate the disposition by the Investors of their Registrable
Securities in accordance with the intended methods therefor provided in the
Prospectus which are customary under the circumstances;

                  (k) Make generally available to its security holders as soon
as practicable, but in any event not later than thirteen (13) months after (i)
the effective date (as defined in Rule 158(c) under the Securities Act) of the
Registration Statement, and (ii) the effective date of each post-effective
amendment to the Registration Statement, as the case may be, an earnings
statement of the Company and its subsidiaries complying with Section 11(a) of
the Securities Act and the rules and regulations of the Commission thereunder
(including, at the option of the Company, Rule 158);

                  (l) In the event of an underwritten offering, promptly include
or incorporate in a Prospectus supplement or post-effective amendment to the
Registration Statement such information as any managing underwriter reasonably
agrees should be included therein and to which the Company does not reasonably
object and make all required filings of such Prospectus supplement or
post-effective amendment as soon as practicable after it is notified of the
matters to be included or incorporated in such Prospectus supplement or
post-effective amendment;

                  (m) (i) Make reasonably available for inspection by Investors,
any underwriter participating in any disposition pursuant to the Registration
Statement, and any attorney, accountant or other agent retained by such
Investors or any such underwriter all relevant financial and other records,
pertinent corporate documents and properties of the Company and its
subsidiaries, and (ii) cause the Company's officers, directors and employees to
supply all information reasonably requested by such Investors or any such
underwriter, attorney, accountant or agent in connection with the Registration
Statement, in each case, as is customary for similar due diligence examinations;
provided, however, that all records, information and documents that are
designated in writing by the Company, in good faith, as confidential,
proprietary or

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containing any material non-public information shall be kept confidential by
such Investors and any such underwriter, attorney, accountant or agent (pursuant
to an appropriate confidentiality agreement in the case of any such holder or
agent), unless such disclosure is made pursuant to judicial process in a court
proceeding (after first giving the Company an opportunity promptly to seek a
protective order or otherwise limit the scope of the information sought to be
disclosed) or is required by law, or such records, information or documents
become available to the public generally or through a third party not in
violation of an accompanying obligation of confidentiality; provided, however,
that such records, information and documents shall be used by such person solely
for the purpose of determining that disclosures made in the Registration
Statement are true and correct, and for no other purpose; and provided further
that, if the foregoing inspection and information gathering would otherwise
disrupt the Company's conduct of its business, such inspection and information
gathering shall, to the maximum extent possible, be coordinated on behalf of the
Investors and the other parties entitled thereto by one firm of counsel designed
by and on behalf of the majority in interest of Investors and other parties;

                  (n) In connection with any underwritten offering, make such
representations and warranties to the Investors participating in such
underwritten offering and to the managers, in form, substance and scope as are
customarily made by the Company to underwriters in secondary underwritten
offerings;

                  (o) In connection with any underwritten offering, obtain
opinions of counsel to the Company (which counsel and opinions (in form, scope
and substance) shall be reasonably satisfactory to the managers) addressed to
the underwriters, covering such matters as are customarily covered in opinions
requested in secondary underwritten offerings (it being agreed that the matters
to be covered by such opinions shall include, without limitation, as of the date
of the opinion and as of the Effective Time of the Registration Statement or
most recent post-effective amendment thereto, as the case may be, the absence
from the Registration Statement and the Prospectus, including any documents
incorporated by reference therein, of an untrue statement of a material fact or
the omission of a material fact required to be stated therein or necessary to
make the statements therein (in the case of the Prospectus, in light of the
circumstances under which they were made) not misleading, subject to customary
limitations);

                  (p) In connection with any underwritten offering, obtain "cold
comfort" letters and updates thereof from the independent public accountants of
the Company (and, if necessary, from the independent public accountants of any
subsidiary of the Company or of any business acquired by the Company, in each
case for which financial statements and financial data are, or are required to
be, included in the Registration Statement), addressed to each underwriter
participating in such underwritten offering (if such underwriter has provided
such letter, representations or documentation, if any, required for such cold
comfort letter to be so addressed), in customary form and covering matters of
the type customarily covered in "cold comfort" letters in connection with
secondary underwritten offerings;

                  (q) In connection with any underwritten offering, deliver such
documents and

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certificates as may be reasonably required by the managers, if any; and

                  (r) In the event that any broker-dealer registered under the
Exchange Act shall be an "Affiliate" (as defined in Rule 2729(b)(1) of the rules
and regulations of the NASD (the "NASD Rules") (or any successor provision
thereto)) of the Company or has a "conflict of interest" (as defined in Rule
2720(b)(7) of the NASD Rules (or any successor provision thereto)) and such
broker-dealer shall underwrite, participate as a member of an underwriting
syndicate or selling group or assist in the distribution of any Registrable
Securities covered by the Registration Statement, whether as a holder of such
Registrable Securities or as an underwriter, a placement or sales agent or a
broker or dealer in respect thereof, or otherwise, the Company shall assist such
broker-dealer in complying with the requirements of the NASD Rules, including,
without limitation, by (A) engaging a "qualified independent underwriter" (as
defined in Rule 2720(b) (15) of the NASD Rules (or any successor provision
thereto)) to participate in the preparation of the Registration Statement
relating to such Registrable Securities, to exercise usual standards of due
diligence in respect thereof and to recommend the public offering price of such
Registrable Securities, (B) indemnifying such qualified independent underwriter
to the extent of the indemnification of underwriters provided in Section 6(a)
hereof, and (C) providing such information to such broker-dealer as may be
required in order for such broker--dealer to comply with the requirements of the
NASD Rules.

         4.       Obligations of the Investors. In connection with the
registration of the Registrable Securities, the Investors shall have the
following obligations:

                  (a) It shall be a condition precedent to the obligations of
the Company to complete the registration pursuant to this Agreement with respect
to the Registrable Securities of a particular Investor that such Investor shall
furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable
Securities held by it as shall be reasonably required to effect the registration
of such Registrable Securities and shall execute such documents in connection
with such registration as the Company may reasonably request. As least ten (10)
business days prior to the first anticipated filing date of the Registration
Statement, the Company shall notify each Investor of the information the Company
requires from each such Investor (the "Requested Information") if such Investor
elects to have any of its Registrable Securities included in the Registration
Statement. If at least five (5) business days prior to the anticipated filing
date the Company has not received the Requested Information from an Investor (a
"Non-Responsive Investor") , then the Company may file the Registration
Statement without including Registrable Securities of such Non-Responsive
Investor and have no further obligations to the Non-Responsive Investor;

                  (b) Each Investor by its acceptance of the Registrable
Securities agrees to cooperate with the Company in connection with the
preparation and filing of the Registration Statement hereunder, unless such
Investor has notified the Company in writing of its election to exclude all of
its Registrable Securities from the Registration Statement; and

                  (c) Each Investor agrees that, upon receipt of any notice from
the Company of

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the occurrence of any event of the kind described in Section 3(e) or 3(f), it
shall immediately discontinue its disposition of Registrable Securities pursuant
to the Registration Statement covering such Registrable Securities until such
Investor's receipt of the copies of the supplemented or amended Prospectus
contemplated by Section 3(e) and, if so directed by the Company, such Investor
shall deliver to the Company (at the expense of the Company) or destroy (and
deliver to the Company a certificate of destruction) all copies in such
Investor's possession, of the Prospectus covering such Registrable Securities
current at the time of receipt of such notice.

         5.       Expenses of Registration. All expenses, other than
underwriting discounts and commissions, incurred in connection with
registrations, filings or qualifications pursuant to Section 3, but including,
without limitation, all registration, listing, and qualifications fees, printing
and engraving fees, accounting fees, and the fees and disbursements of counsel
for the Company, and the reasonable fees of one firm of counsel to the holders
of a majority in interest of the Registrable Securities shall be borne by the
Company.

         6.       Indemnification and Contribution.

                  (a) The Company shall indemnify and hold harmless each
Investor and each underwriter, if any, which facilitates the disposition of
Registrable Securities, and each of their respective officers and directors and
each person who controls such Investor or underwriter within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act (each such
person being sometimes hereinafter referred to as an "Indemnified Person") from
and against any losses, claims, damages or liabilities, joint or several, to
which such Indemnified Person may become subject under the Securities Act or
otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon an untrue statement or alleged
untrue statement of a material fact contained in any Registration Statement or
an omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein, not misleading, or
arise out of or are based upon an untrue statement or alleged untrue statement
of a material fact contained in any Prospectus or an omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; and the Company hereby agrees to
reimburse such Indemnified Person for all reasonable legal and other expenses
incurred by them in connection with investigating or defending any such action
or claim as and when such expenses are incurred; provided, however, that the
Company shall not be liable to any such Indemnified Person in any such case to
the extent that any such loss, claim, damage or liability arises out of or is
based upon (i) an untrue statement or alleged untrue statement made in, or an
omission or alleged omission from, such Registration Statement or Prospectus in
reliance upon and in conformity with written information furnished to the
Company by such Indemnified Person expressly for use therein or (ii) in the case
of the occurrence of an event of the type specified in Section 3(e), the use by
the Indemnified Person of an outdated or defective Prospectus after the Company
has provided to such Indemnified Person an updated Prospectus correcting the
untrue

                                       11

<PAGE>

statement or alleged untrue statement or omission or alleged omission giving
rise to such loss, claim, damage or liability.

                  (b) Indemnification by the Investors and Underwriters. Each
Investor agrees, as a consequence of the inclusion of any of its Registrable
Securities in a Registration Statement, and each underwriter, if any, which
facilitates the disposition of Registrable Securities shall agree, as a
consequence of facilitating such disposition of Registrable Securities,
severally and not jointly, to (i) indemnify and hold harmless the Company, its
directors (including any person who, with his or her consent, is named in the
Registration Statement as a director nominee of the Company), its officers who
sign any Registration Statement and each person, if any, who controls the
Company within the meaning of either Section 15 of the Securities Act or Section
20 of the Exchange Act, against any losses, claims, damages or liabilities to
which the Company or such other persons may become subject, under the Securities
Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon an untrue statement
or alleged untrue statement of a material fact contained in such Registration
Statement or Prospectus or arise out of or are based upon the omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein (in light of the circumstances under
which they were made, in the case of the Prospectus), not misleading, in each
case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance
upon and in conformity with written information furnished to the Company by such
holder or underwriter expressly for use therein; provided, however, that no
Investor or underwriter shall be liable under this Section 6(b) for any amount
in excess of the net proceeds paid to such Investor or underwriter in respect of
shares sold by it, and (ii) reimburse the Company for any legal or other
expenses incurred by the Company in connection with investigating or defending
any such action or claim as such expenses are incurred.

                  (c) Notice of Claims, etc. Promptly after receipt by a party
seeking indemnification pursuant to this Section 6 (an "Indemnified Party") of
written notice of any investigation, claim, proceeding or other action in
respect of which indemnification is being sought (each, a "Claim"), the
Indemnified Party promptly shall notify the party against whom indemnification
pursuant to this Section 6 is being sought (the "Indemnifying Party") of the
commencement thereof; but the omission to so notify the Indemnifying Party shall
not relieve it from any liability that it otherwise may have to the Indemnified
Party, except to the extent that the Indemnifying Party is materially prejudiced
and forfeits substantive rights and defenses by reason of such failure. In
connection with any Claim as to which both the Indemnifying Party and the
Indemnified Party are parties, the Indemnifying Party shall be entitled to
assume the defense thereof. Notwithstanding the assumption of the defense of any
Claim by the Indemnifying Party, the Indemnified Party shall have the right to
employ separate legal counsel and to participate in the defense of such Claim,
and the Indemnifying Party shall bear the reasonable fees, out-of--pocket costs
and expenses of such separate legal counsel to the Indemnified Party if (and
only if): (x) the Indemnifying Party shall have agreed to pay such fees, costs
and expenses, (y) the Indemnified Party and the Indemnifying Party shall
reasonably have concluded that

                                       12

<PAGE>

representation of the Indemnified Party by the Indemnifying Party by the same
legal counsel would not be appropriate due to actual or, as reasonably
determined by legal counsel to the Indemnified Party, potentially differing
interests between such parties in the conduct of the defense of such Claim, or
if there may be legal defenses available to the Indemnified Party that are in
addition to or disparate from those available to the Indemnifying Party, or (z)
the Indemnifying Party shall have failed to employ legal counsel reasonably
satisfactory to the Indemnified Party within a reasonable period of time after
notice of the commencement of such Claim. If the Indemnified Party employs
separate legal counsel in circumstances other than as described in clauses (x) ,
(y) or (z) above, the fees, costs and expenses of such legal counsel shall be
borne exclusively by the Indemnified Party. Except as provided above, the
Indemnifying Party shall not, in connection with any Claim in the same
jurisdiction, be liable for the fees and expenses of more than one firm of
counsel for the Indemnified Party (together with appropriate local counsel). The
Indemnifying Party shall not, without the prior written consent of the
Indemnifying Party (which consent shall not unreasonably be withheld), settle or
compromise any Claim or consent to the entry of any judgment that does not
include an unconditional release of the Indemnifying Party from all liabilities
with respect to such Claim or judgment.

                  (d) Contribution. If the indemnification provided for in this
Section 6 is unavailable to or insufficient to hold harmless an Indemnified
Party under subsection (a) or (b) above in respect of any losses, claims,
damages or liabilities (or actions in respect thereof) referred to therein, then
each Indemnifying Party shall contribute to the amount paid or payable by such
Indemnified Party as a result of such losses, claims, damages or liabilities (or
actions in respect thereof) in such proportion as is appropriate to reflect the
relative fault of the Indemnifying Party and the Indemnified Party in connection
with the statements or omissions which resulted in such losses, claims, damages
or liabilities (or actions in respect thereof), as well as any other relevant
equitable considerations. The relative fault of such Indemnifying Party and
Indemnified Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or omission or
alleged omission to state a material fact relates to information supplied by
such Indemnified Party or by such Indemnified Party, and the parties' relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission. The parties hereto agree that it would not be just
and equitable if contribution pursuant to this Section 6(d) were determined by
pro rata allocation (even if the Investors or any underwriters were treated as
one entity for such purpose) or by any other method of allocation which does not
take account of the equitable considerations referred to in this Section 6 (d) .
The amount paid or payable by an Indemnified Party as a result of the losses,
claims, damages or liabilities (or actions in respect thereof) referred to above
shall be deemed to include any legal or other fees or expenses reasonably
incurred by such indemnified party in connection with investigating or defending
any such action or claim. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent
misrepresentation. The obligations of the Investors and any underwriters in this
Section 6(d) to contribute shall be several in proportion to the percentage of
Registrable Securities registered or underwritten, as the case may be, by them
and not joint.

                                       13

<PAGE>

                  (e) Notwithstanding any other provision of this Section 6, in
no event shall any (i) Investor be required to undertake liability to any person
under this Section 6 for any amounts in excess of the dollar amount of the
proceeds to be received by such Investor from the sale of such Investor's
Registrable Securities (after deducting any fees, discounts and commissions
applicable thereto) pursuant to any Registration Statement under which such
Registrable Securities are to be registered under the Securities Act and (ii)
underwriter be required to undertake liability to any Person hereunder for any
amounts in excess of the aggregate discount, commission or other compensation
payable to such underwriter with respect to the Registrable Securities
underwritten by it and distributed pursuant to the Registration Statement.

                  (f) The obligations of the Company under this Section 6 shall
be in addition to any liability which the Company may otherwise have to any
Indemnified Person and the obligations of any Indemnified Party under this
Section 6 shall be in addition to any liability which such Indemnified Party may
otherwise have to the Company. The remedies provided in this Section 6 are not
exclusive and shall not limit any rights or remedies which may otherwise be
available to an indemnified party at law or in equity.

         7.       Rule 144. With a view to making available to the Investors the
benefits of Rule 144 under the Securities Act or any other similar rule or
regulation of the Commission that may at any time permit the Investors to sell
securities of the Company to the public without registration ("Rule 144"), the
Company agrees to use its best efforts to:

                  (a) comply with the provisions of paragraph (c) (1) of Rule
144; and

                  (b) file with the Commission in a timely manner all reports
and other documents required to be filed by the Company pursuant to Section 13
or 15(d) under the Exchange Act; and, if at any time it is not required to file
such reports but in the past had been required to or did file such reports, it
will, upon the request of any Holder, make available other information as
required by, and so long as necessary to permit sales of, its Registrable
Securities pursuant to Rule 144.

         8.       Assignment. The rights to have the Company register
Registrable Securities pursuant to this Agreement shall be automatically
assigned by the Investors to not more than five (5) transferees of all or any
portion of such securities (or all or any portion of any Preferred Shares or
Warrant of the Company which is convertible into such securities) of Registrable
Securities only if: (a) the Investor agrees in writing with the transferee or
assignee to assign such rights subject to the terms and conditions of this
Agreement and the Securities Purchase Agreement, and a copy of such agreement is
furnished to the Company within a reasonable time after such assignment, (b) the
Company is, within a reasonable time after such transfer or assignment,
furnished with written notice of (i) the name and address of such transferee or
assignee and (ii) the securities with respect to which such registration rights
are being transferred or assigned, (c) immediately following such transfer or
assignment, the securities so transferred

                                       14

<PAGE>

or assigned to the transferee or assignee constitute Restricted Securities, and
(d) at or before the time the Company received the written notice contemplated
by clause (b) of this sentence the transferee or assignee agrees in writing with
the Company to be bound by all of the provisions contained herein.

         9.       Amendment and Waiver. Any provision of this Agreement may be
amended and the observance thereof may be waived (either generally or in a
particular instance and either retroactively or prospectively) , only with the
written consent of the Company and Investors who hold a majority-in--interest of
the Registrable Securities. Any amendment or waiver effected in accordance with
this Section 9 shall be binding upon each Investor and the Company.

         10.      Miscellaneous.

                  (a) A person or entity shall be deemed to be a holder of
Registrable Securities whenever such person or entity owns of record such
Registrable Securities. If the Company receives conflicting instructions,
notices or elections from two or more persons or entities with respect to the
same Registrable Securities, the Company shall act upon the basis of
instructions, notice or election received from the registered owner of such
Registrable Securities.

                  (b) If, after the date hereof and prior to the Commission
declaring the Registration Statement to be filed pursuant to Section 2(a)
effective under the Securities Act, the Company grants to any Person any
registration rights with respect to any Company securities which are more
favorable to such other Person than those provided in this Agreement, then the
Company forthwith shall grant (by means of an amendment to this Agreement or
otherwise) identical registration rights to all Investors hereunder.

                  (c) Except as may be otherwise provided herein, any notice or
other communication or delivery required or permitted hereunder shall be in
writing and shall be sent by facsimile with a copy delivered personally or sent
by a nationally recognized overnight courier service, and shall be deemed given
when so delivered personally or by overnight courier service, as follows:

             (1)      if to the Company, to:

                  SYMPOSIUM CORPORATION
                  410 Park Avenue - Suite 830
                  New York, New York 10022
                  Attention: Ronald Altbach
                  Chairman and Chief Executive Officer
                  Telephone: (212) 754-9901
                  Facsimile: (212) 754-9906

                  With a copy to:

                                       15

<PAGE>

                  KRAMER LEVIN NAFTALIS & FRANKEL LLP
                  919 Third Avenue
                  New York, NY 10022
                  Attention: Howard J. Rothman, Esq.
                  Telephone: (212) 715-9242
                  Facsimile: (212) 715-8000

             (2)  if to the Investor, to:

                  THE SHAAR FUND LTD.,
                  c/o SHAAR ADVISORY SERVICES LTD.
                  62 King George Street, Apartment 4F
                  Jerusalem, Israel
                  Attention: Sam Levinson

                  with a copy to:

                  HERRICK, FEINSTEIN LLP
                  2 Park Avenue
                  New York, New York 10016
                  Attention: Irwin A. Kishner, Esq.
                  Telephone: (212) 592-1400
                  Facsimile: (212) 889-7577

             (3)      if to any other  Investor,  at such address as such
                  Investor  shall have  provided in writing to the Company.

The Company or any Investor may change the foregoing address by notice given
pursuant to this Section 10(c).

                  (d) Failure of any party to exercise any right or remedy under
this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.

                  (e) This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware. Each of the parties consents
to the jurisdiction of the federal courts whose districts encompass any part of
the City of New York or the state courts of the State of New York sitting in the
City of New York in connection with any dispute arising under this Agreement and
hereby waives, to the maximum extent permitted by law, any objection including
any objection based on forum non conveniens, to the bringing of any such
proceeding in such jurisdictions.

                                       16

<PAGE>

                  (f) The remedies provided in this Agreement are cumulative and
not exclusive of any remedies provided by law. If any term, provision, covenant
or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, illegal, void or unenforceable, the remainder of the terms,
provision, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and
the parties hereto shall use their best efforts to find and employ an
alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It is hereby
stipulated and declared to be the intention of the parties that they would have
executed the remaining terms, provisions, covenants and restrictions without
including any of such that may be hereafter declared invalid, illegal, void or
unenforceable.

                  (g) Subsequent to the date hereof, the Company shall not enter
into any agreement with respect to its securities that is inconsistent with the
rights granted to the holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof. Subject to the registration
rights set forth on Schedule IIIA.I of the Securities Purchase Agreement, the
Company is not currently a party to any agreement granting any registration
rights with respect to any of its securities to any person which conflicts with
the Company's obligations hereunder or gives any other party the right to
include any securities in any Registration Statement filed pursuant hereto,
except for such rights and conflicts as have been irrevocably waived. The
restrictions on the Company's rights to grant registration rights under this
paragraph shall terminate on the date the Registration Statement to be filed
pursuant to Section 2(a) is declared effective by the Commission.

                  (h) This Agreement, the Securities Purchase Agreement, the
Escrow Instructions, dated as of the date hereof (the "Escrow Instructions "),
between the Company, the Investor and Herrick, Feinstein LLP, the Preferred
Shares and the Warrants constitute the entire agreement among the parties hereto
with respect to the subject matter hereof. There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein.
This Agreement, the Securities Purchase Agreement, the Escrow Instructions, the
Certificate of Designation and the Warrants supersede all prior agreements and
undertakings among the parties hereto with respect to the subject matter hereof.

                  (i) Subject to the requirements of Section 8 hereof, this
Agreement shall inure to the benefit of and be binding upon the successors and
assigns of each of the parties hereto.

                  (j) All pronouns and any variations thereof refer to the
masculine, feminine or neuter, singular or plural, as the context may require.

                  (k) The headings in this Agreement are for convenience of
reference only and shall not limit or otherwise affect the meaning thereof.

                  (l) The Company acknowledges that any failure by the Company
to perform its obligations under Section 3, or any delay in such performance
could result in direct damages to

                                       17

<PAGE>

the Investors and the Company agrees that, in addition to any other liability
the Company may have by reason of any such failure or delay, the Company shall
be liable for all direct damages caused by such failure or delay.

                  (m) This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same agreement. A facsimile transmission of this signed
Agreement shall be legal and binding on all parties hereto.

         IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the date first above written.

                                           THE COMPANY:
                                           -----------

                                           SYMPOSIUM CORPORATION

                                           By:____________________________
                                           Ronald Altbach
                                           Chairman and Chief Executive Officer

                                           BUYER:

                                           THE SHAAR FUND LTD.

                                           By: SHAAR ADVISORY SERVICES, N.V.

                                           By:_________________________________
                                               Wim Langeveld, Managing Director

                                       18NORTH FORK BANCORPORATION, INC.
                  1999 STOCK COMPENSATION PLAN

              SECTION 1.  ESTABLISHMENT AND PURPOSE

     North Fork Bancorporation, Inc. (the "Company") hereby
establishes a long term incentive plan to be named the North Fork
Bancorporation, Inc. 1999 Stock Compensation Plan (the "Plan"),
for employees of the Company and its subsidiaries.  The purpose
of this Plan is to encourage those employees who are given awards
by the committee administering the Plan to acquire and maintain
an interest in the Common Stock of the Company and thus to have
additional incentive to continue to work for the success of the
Company and its subsidiaries.

                     SECTION 2.  DEFINITIONS

     Whenever used herein, the following terms shall have the
respective meanings set forth below:

     (a)  AWARD means any Option or Restricted Stock or right to
          receive either granted under the Plan.

     (b)  AWARD AGREEMENT means the written agreement evidencing an
          Award under the Plan, which shall be executed by the Company and
          the Award Holder.  Award Holder shall mean the Employee or other
          eligible individual designated to receive an Award under the Plan
          or any permitted transferee of such Award.

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

     (d)  CODE means the Internal Revenue Code of 1986, as amended and
          in effect from time to time.

     (e)  COMMITTEE means the Stock and Compensation Committee of the
          Board, or any successor to such Committee, the members of which
          shall be elected by the Board.

     (f)  COMPANY means North Fork Bancorporation, Inc., a Delaware
          corporation.

     (g)  EMPLOYEE means a salaried employee (including officers and
          directors who are also employees) of the Company or any
          Subsidiary.

     (h)  EXCHANGE ACT means the Securities Exchange Act of 1934, as
          amended.

     (i)  EXERCISE PRICE of an Option means a price fixed by the
          Committee upon grant of the Option as the purchase price for
          Stock under the Option, as such may be adjusted under Section 10
          of the Plan.

<PAGE>

     (j)  FAIR MARKET VALUE means, for any particular day, (i) for any
          period during which the Stock shall be listed for trading on a
          national securities exchange, the average of the high and low
          price per share of Stock on such exchange on such day, (ii) for
          any period during which the Stock shall not be listed for trading
          on a national securities exchange, but when prices for the Stock
          shall be reported by the National Market System of the National
          Association of Securities Dealers Automated Quotation System
          ("NASDAQ"), the average of the high and low transaction price per
          share as quoted by the National Market System of NASDAQ for such
          day, (iii) for any period during which the Stock shall not be
          listed for trading on a national securities exchange or its price
          reported by the National Market System of NASDAQ, but when prices
          for the Stock shall be reported by NASDAQ, the average of the
          high and low bid price per share as reported by NASDAQ for such
          day, or (iv) in the event none of (i), (ii) and (iii) above shall
          be applicable, the fair market price per share of Stock for such
          day as determined by the Board of Directors.  If Fair Market
          Value is to be determined as of a day when the securities markets
          are not open, the Fair Market Value on that day shall be the Fair
          Market Value on the nearest preceding day when the markets were
          open.

     (k)  OPTION means the right to purchase Stock at the Exercise
          Price for a specified period of time and subject to specified
          conditions.  For purposes of the Plan, all Options shall be
          so-called nonqualified (or nonstatutory) stock options, not
          qualifying as "incentive stock options" under Section 422 of the
          Code.

     (l)  ORIGINAL ISSUE SHARES means shares of Stock authorized for
          issuance but unissued by the Company.

     (m)  PERIOD OF RESTRICTION means the period during which
          Restricted Stock is subject to forfeiture under Section 9 of the
          Plan.

     (n)  REPORTING PERSON means a person subject to Section 16 of the
          Exchange Act.

     (o)  RESTRICTED STOCK means shares of Stock awarded under the
          Plan that are subject to certain risks of forfeiture during a
          Period of Restriction, as provided in Section 9 of the Plan, and
          which cease to be shares of Restricted Stock upon expiration of
          the Period of Restriction.

     (p)  RULE 16B-3 means Rule 16b-3 promulgated by the Securities
          and Exchange Commission pursuant to the Exchange Act, or any
          successor regulation.

     (q)  STOCK means the Common Stock of the Company.

     (r)  SUBSIDIARY means a subsidiary corporation of the Company as
          defined in Section 424(f) of the Code.

     (s)  TAXABLE EVENT means an event relating to an Award granted
          under the Plan which requires federal, state or local tax to be
          withheld by the Company or a Subsidiary.

     <PAGE>

     (t)  TERMINATED FOR CAUSE means, (i) for Employees serving under
          an employment agreement containing a provision for termination of
          employment for "cause," termination of employment of the Employee
          for "cause" pursuant to such provision, and (ii) for other
          Employees, termination of employment of the Employee by a
          two-thirds vote of the entire Board of Directors of the Company
          or the Subsidiary employing such Employee, expressly for one or
          both of the following "causes," as evidenced in a certified
          resolution of the Board:  (A) any willful misconduct by the
          Employee which is materially injurious to the Company or the
          Subsidiary, monetarily or otherwise; or (B) conviction of the
          Employee with no further possibility of appeal of any felony
          under applicable state or federal banking or financial
          institution laws, or the agreement of the Employee to plead
          guilty to any such felony.

     (u)  TREASURY SHARES means shares of Stock previously issued but
          currently held by the Company in the treasury.

                   SECTION 3.  ADMINISTRATION

     The Plan will be administered by the Committee.  The
determinations of the Committee shall be made in accordance with
its judgment as to the best interests of the Company and its
stockholders and in accordance with the purposes of the Plan.
Notwithstanding the foregoing, the Committee in its discretion
may delegate to the President or other appropriate officers of
the Company or any Subsidiary the authority to make any or all
determinations under the Plan (including the decision to grant
Awards and types of Awards granted) with respect and only with
respect to persons receiving Awards or Award Holders (other than
the delegatees) who are not Reporting Persons, notwithstanding
the fact that the delegatees may themselves be persons eligible
to receive Awards under the Plan and/or Reporting Persons.  A
majority of members of the Committee shall constitute a quorum,
and all determinations of the Committee shall be made by a
majority of its members.  Any determination of the Committee
under the Plan may be made without notice or meeting of the
Committee, and all actions made or taken by the Committee
pursuant to the provisions of the Plan shall be final, binding
and conclusive for all purposes and upon all persons.

            SECTION 4.  SHARES AUTHORIZED FOR AWARDS

     (a)  The maximum number of Original Issue Shares available
for Awards under the Plan is 4,000,000 shares and there is hereby
reserved on the books of the Company for issuance under the Plan
out of authorized but unissued shares an aggregate of 4,000,000
shares of Stock.

     (b)  In addition to the authorized Original Issue Shares
referred to in subparagraph (a), above, up to 1,000,000 Treasury
Shares may be issued from time to time pursuant to Awards granted
under the Plan without thereby diminishing the number of Original
Issue Shares authorized for issuance under the Plan.  Treasury
Shares in excess of 1,000,000 also may be issued pursuant to
Awards granted under the Plan, PROVIDED THAT in the event of any
such issuance of excess Treasury Shares, the number of Original
Issue Shares remaining available for issuance under the Plan (and
the number of shares of Stock reserved on the books of the
Company for such issuance) shall be reduced PARI PASSU, with a
reduction of one share of <PAGE> available Original Issue Shares for
each share of excess Treasury Shares thus issued, and PROVIDED
FURTHER THAT no excess Treasury Shares may be issued if there are
no remaining Original Issue Shares available for Awards granted
under the Plan.

     (c)  The maximum number of shares of Stock that may be
awarded under the Plan in the form of Restricted Stock, whether
issued as Treasury Shares, excess Treasury Shares or Original
Issue Shares, shall be 3,300,000.

     (d)  For purposes of determining from time to time the
number of shares available for Awards under the Plan, shares of
Stock underlying outstanding but unexercised Options previously
granted under the Plan shall be deemed Original Issue Shares,
except in the event and to the extent that the Award Agreements
for any such unexercised Options may specifically provide that
shares issuable upon exercise of such Options must be Treasury
Shares.  Shares actually issued by the Company upon exercise of
any Option granted under the Plan may be Original Issue Shares or
Treasury Shares as the Committee may determine in its discretion
from time to time, unless the relevant Award Agreement specifies
that the shares of Stock issuable upon exercise thereof shall be
Original Issue Shares or Treasury Shares.

     (e)  Upon termination or cancellation of outstanding
unexercised Options previously granted under the Plan, the shares
of Stock underlying such Options shall be returned to the Plan as
Original Issue Shares available for future grants of Awards
thereunder, PROVIDED THAT, if the Award Agreement pertaining to
any such terminated or cancelled Option specifies that shares of
Stock issuable upon exercise thereof shall be Treasury Shares,
upon termination or cancellation of such Option the underlying
shares shall be returned to the Plan as available Treasury
Shares.

     (f)  If payment of the Exercise Price of any Option granted
under the Plan is satisfied, upon exercise of such Option, by a
deemed surrender to the Company by the Holder of shares of Stock
previously owned by the party exercising the Option, the number
of shares of Stock deemed surrendered shall be returned to the
Plan as Original Issue Shares available for future grants of
Awards thereunder.  If payment of the Exercise Price of any such
Option is satisfied upon exercise by an actual surrender of
shares of Stock previously owned by the party exercising the
Option, such number of shares actually surrendered shall be
returned to the Plan as Treasury Shares available for future
grants of Awards thereunder.

     (g)  If shares of Restricted Stock granted under the Plan
are forfeited prior to the vesting thereof, the number of shares
of Restricted Stock thus forfeited shall be returned to the Plan
as Treasury Shares available for future grants of Awards
thereunder, regardless of whether such shares of Restricted
Stock, when initially awarded to the forfeiting Holder, were
Treasury Shares, excess Treasury Shares or Original Issue Shares.
Such returned Treasury Shares may be the subject of and issued
pursuant to future Plan Awards without regard to the numerical
limitations of subparagraph (b), above, and shall not be treated
upon issuance as excess Treasury Shares under subparagraph (b),
regardless of the number of Treasury Shares previously awarded
under the Plan.

<PAGE>

                SECTION 5.  RECIPIENTS OF AWARDS

     (a)  Any Employee of the Company or any Subsidiary of the
Company will be eligible to receive one or more Awards under the
Plan if the Committee determines in its sole discretion that the
job performance of such Employee is likely to be significantly
enhanced by the latter's receipt of such Awards.  Designation of
an Employee as a Participant to receive an Award in any year
shall not require the Committee to designate such Employee to
receive an Award in any other year or to designate any other
Employee to receive an Award in such year or any other year.  The
Committee shall consider such factors as it deems pertinent in
selecting Employees to receive Awards and determining the type
and amount of their respective Awards.

     (b)  The Committee in its discretion may grant one or more
Awards to an individual, in connection with the hiring or
potential hiring of such individual by the Company or any
Subsidiary, prior to the date the latter becomes an Employee and
first performs services for the Company or such Subsidiary,
provided that no such Award shall become vested or exercisable
prior to a date established by the Committee upon grant, which
date shall not be earlier than the day 60 days after the date on
which the individual first becomes an Employee of the Company or
such Subsidiary.

     (c)  The Committee may grant one or more Awards to any
consultant, advisor or other person providing key services to the
Company or a Subsidiary, but only to the extent such grant does
not prohibit the Company from using a registration statement on
Form S-8, or any successor form, to register with the Securities
and Exchange Commission the shares of Stock authorized under the
Plan.

     (d)  No individual may receive under the Plan Awards
relating to more than 1,250,000 shares of Stock in the aggregate,
as adjusted from time to time in accordance with Section 10 of
the Plan.

                   SECTION 6.  TYPES OF AWARDS

     The following Awards, and rights thereto, may be granted
under the Plan in any proportion:  Options and Restricted Stock,
as further described below.  Except as specifically limited
elsewhere in this Plan, the Committee shall have complete
discretion in determining the type and number of Awards to be
granted to any eligible person and, subject to the provisions of
the Plan, the terms and conditions of each Award, which terms and
conditions need not be uniform as among different recipients of
Awards or different Awards of the same general type.  Each Award
shall be evidenced by an Award Agreement, as provided in Section
7 of the Plan.  From time to time, as the Committee deems
appropriate and in the best long-term interests of the Company
and its stockholders, the Committee may elect to modify or waive
one or more terms or conditions of an outstanding Award
previously granted under the Plan, provided that (i) no such
modification or waiver shall give the holder of any other Award
granted under the Plan any right to a similar modification or
waiver,  (ii) no such modification or waiver of an Award shall
involve a change in the number of shares subject to the Award or
a change in the Exercise Price of an Option or the purchase
price, if any, of Restricted Stock which is the subject of the
Award, and (iii) any such modification or waiver which is adverse
or arguably adverse to the interests of <PAGE> the Award Holder shall
not be effective unless and until the Award Holder shall consent
thereto in writing.

                  SECTION 7.  AWARD AGREEMENTS

     As soon as practicable after the grant of an Award, the
Company shall notify the recipient of such grant and thereafter
shall hand deliver or mail to the recipient an Award Agreement,
duly executed by and on behalf of the Company, with the request
that the recipient execute the Agreement within 30 days after the
date of mailing or delivery by the Company and return the same to
the Company.  The date of execution and return of the Award
Agreement shall not necessarily be or affect the date of grant of
the Award, which may precede such date of execution and return,
as the Committee may determine.  If the recipient shall fail to
execute and return to the Company the Award Agreement within said
30-day period, the Committee may elect to treat the Award as void
and never granted.  If an Award granted under the Plan is
eligible for transfer and the subject of a proposed eligible
transfer, no such transfer shall be or become effective until and
unless the permitted transferee shall have duly executed and
returned to the Company an Award Agreement in a form acceptable
to the Committee.

     SECTION 8. STOCK OPTIONS

     (a)  Options shall consist of Options to purchase shares of
Stock at an Exercise Price established by the Committee upon
grant, which Exercise Price shall not be less than, but may be
more than, 100 percent of the Fair Market Value of the Stock on
the date of grant.

     (b)  The Committee shall establish upon grant the period of
time during which an Option will be exercisable by the Award
Holder, provided that no Option shall continue to be exercisable,
in whole or in part, later than ten years after the date of
grant.  Subject to these limitations, the Committee may provide,
upon grant of an Option, that full exercisability will be phased
in and/or phased out over some designated period of time.  The
Committee also may provide upon grant that exercisability of an
Option will be accelerated, to the extent such Option is not
already then exercisable, upon the subsequent occurrence of a
"change in control" of the Company, as defined by the Committee,
or such other occurrence as the Committee may specify.
Generally, exercisability of an Option granted to an Employee
also shall be conditioned upon continuity of employment by the
original recipient of the Award with the Company and its
Subsidiaries, provided that, if the Committee so provides upon
grant, exercisability of such an Option may continue for some
designated period of time after termination of employment, within
the following limitations:  (i) if employment is terminated other
than due to the death of the original recipient, exercisability
may be extended to not more than one year after termination; and
(ii) if employment is terminated due to the death of the original
recipient, exercisability may be extended to the normal end of
the exercise period.  However, in no event may any Option
continue to be exercisable more than ten years after the date of
grant.  In addition, no Option granted to an Employee may be
exercisable after Termination for Cause of such Employee.  Leaves
of absence granted by the Company for military service or illness
and transfers of employment between the Company and any
Subsidiary shall not constitute termination of employment.

<PAGE>

     (c)  Upon exercise of an Option, in whole or in part, the
Exercise Price with respect to the number of shares as to which
the Option is then being exercised may be paid by check or, if
the Award Holder so elects and the Committee shall have
authorized such form of payment, in whole or in part by surrender
to the Company of shares of Stock owned prior to exercise by the
Award Holder.  Any previously-owned shares of Stock to be used in
full or partial payment of the Exercise Price shall be valued at
the Fair Market Value of the Stock on the date of exercise.  In
lieu of the actual surrender of shares of Stock by the Award
Holder to the Company in any such stock-for-stock exercise, the
Award Holder may, with the consent of the Committee, in lieu of
surrendering some number of previously-owned shares of Stock,
affirm to the Company the Award Holder's ownership of such number
of shares, in which event the Company, upon its delivery of the
shares of Stock as to which the Option is being exercised, deduct
from the number of shares otherwise deliverable the number of
shares affirmed but not surrendered by the Award Holder.
Delivery by the Company of shares of Stock upon exercise of an
Option shall be made to the person exercising the Option or the
designee of such person subject to such terms, conditions,
restrictions and contingencies as the Committee may provide in
the Award Agreement.  If so provided by the Committee upon grant
of the Option, the shares delivered upon exercise may be subject
to certain restrictions upon subsequent transfer or sale by the
Award Holder.

     (d)  The Committee may require reasonable advance notice of
exercise of an Option, normally not to exceed three calendar
days, and may condition exercise of an Option upon the
availability of an effective registration statement or exemption
from registration under applicable federal and state securities
laws relating to the Stock being issued upon exercise.

                  SECTION 9.  RESTRICTED STOCK

     (a)  Restricted Stock shall consist of Stock or rights to
Stock awarded under the Plan by the Committee which, during a
Period of Restriction specified by the Committee upon grant,
shall be subject to forfeiture by the Award Holder to the Company
if the recipient ceases to be employed by the Company and its
Subsidiaries prior to the lapse of such restrictions.  Restricted
Stock normally will not be transferable or assignable during the
Period of Restriction.  Restricted Stock may be granted at no
cost to Participants or, if subject to a purchase price, such
price shall not exceed the par value of the Stock and may be
payable by the recipient to the Company in cash or by any other
means, including recognition of past employment, as the Committee
deems appropriate.  The Committee may provide upon grant of an
Award of Restricted Stock that any shares of Restricted Stock as
may be purchased by the recipient thereunder and subsequently
forfeited by the recipient prior to expiration of the Period of
Restriction shall be reacquired by the Company at the purchase
price originally paid in cash by the recipient therefor.

     (b)  The minimum Period of Restriction for Restricted Stock
shall be three years from the date of grant of the Award.  The
Committee may provide upon grant of an Award of Restricted Stock
that different numbers or portions of the shares subject to the
Award shall have different Periods of Restriction.  The Committee
also may establish upon grant of an Award of Restricted Stock
that some or all of the shares subject thereto shall be subject
to additional restrictions upon transfer or sale (although not to
forfeiture) after expiration of the Period of Restriction.

<PAGE>

     (c)  The Award Holder of Restricted Stock shall be entitled
to all dividends declared and paid on Stock generally with
respect to all shares of Restricted Stock held thereby, from and
after the date of grant of such Award, or from and after such
later date or dates as may be specified by the Committee in the
Award, and the Award Holder shall not be required to return any
such dividends to the Company in the event of forfeiture of the
Restricted Stock.

     (d)  The Award Holder of Restricted Stock shall be entitled
to vote all shares of Restricted Stock held thereby from and
after the date of grant of such Award, or from and after such
later date or dates as may be specified by the Committee in the
Award.

     (e)  Pending expiration of the Period of Restriction,
certificates representing shares of Restricted Stock shall be
held by the Company or the transfer agent for the Stock.  Upon
expiration of the Period of Restriction for any such shares,
certificates representing such shall be delivered to the Award
Holder or the permitted transferee, assignee or beneficiary
thereof.

               SECTION 10.  ADJUSTMENT PROVISIONS

     (a)  If the Company shall at any time change the number of
issued shares of Stock without new consideration to the Company
(such as by a stock dividend or stock split), the total number of
shares reserved for issuance under the Plan, the maximum number
of shares available for issuance as Restricted Stock, the maximum
number of shares available for Award of Options to any individual
under the Plan and the number of shares (and, in the case of
Options, the Exercise Price) covered by each outstanding Award
shall be adjusted so that the aggregate consideration payable to
the Company, if any, and the value of each such Award to the
Award Holder shall not be changed.  Awards may also contain
provisions for their continuation or for other equitable
adjustments after changes in the Stock resulting from
reorganization, sale, merger, consolidation, issuance of stock
rights or warrants or similar occurrence.

     (b)  Notwithstanding any other provision of this Plan, and
without affecting the number of shares reserved or available for
issuance hereunder, the Board of Directors shall use best efforts
to authorize the issuance or assumption of benefits under the
Plan in connection with any merger, consolidation, acquisition of
property or stock, or reorganization involving the liquidation,
discontinuation, merger out of existence or fundamental corporate
restructuring of the Company, upon such terms and conditions as
it may deem appropriate.

                SECTION 11.  TRANSFERS OF AWARDS

     Subject to any overriding restrictions and conditions as may
be established from time to time by the Board of Directors, the
Committee may determine that any Award granted under the Plan may
be transferable, in the case of an Option, prior to exercise
thereof, and in the case of Restricted Stock, prior to expiration
of the Period of Restriction therefor, under such terms and
conditions as the Committee may specify.  Unless the Committee
shall specifically determine that an Award is thus transferable
by the original recipient thereof, each Award granted under the
Plan shall not be transferable by the original recipient thereof,
otherwise than by will or the laws of descent and distribution,
and shall be exercisable, during the recipient's lifetime, only
by the recipient.  In the event of the death of an Award Holder
holding an unexercised Option, exercise of the Option may be made
only by the executor or administrator of the estate of the Award

<PAGE>

Holder or the person or persons to whom the deceased Award
Holder's rights under the Option shall pass by will or the laws
of descent and distribution, and such exercise may be made only
to the extent that the deceased Award Holder was entitled to
exercise such Option at the date of death.  If and to the extent
the Committee shall so provide upon grant, the Period of
Restriction for Restricted Stock may be foreshortened upon the
death of the Award Holder during the Period of Restriction, such
that the Stock shall be deemed not to be forfeited and no longer
to be Restricted Stock as of the date of death.

                       SECTION 12.  TAXES

     The Company shall be entitled to withhold, and shall
withhold, the minimum amount of any federal, state or local tax
attributable to any shares deliverable under the Plan, whether
upon exercise of an Option or expiration of a Period of
Restriction for Restricted Stock or occurrence of any other
Taxable Event, after giving the person entitled to receive such
delivery notice as far in advance of the Taxable Event as
practicable, and the Company may defer making delivery as to any
Award, if any such tax is payable, until indemnified to its
satisfaction.  Such withholding obligation of the Company may be
satisfied by any reasonable method, including, if the Committee
so provides upon grant of the Award, reducing the number of
shares otherwise deliverable to or on behalf of the Award Holder
on such Taxable Event by a number of shares of Stock having a
fair value, based on the Fair Market Value of the Stock on the
date of such Taxable Event, equal to the amount of such
withholding obligation.

               SECTION 13.  NO RIGHT TO EMPLOYMENT

     An Employee's right, if any, to continue to serve the
Company and any Subsidiary as an officer, employee or otherwise
shall not be enhanced or otherwise affected by the designation of
such Employee as a recipient of an Award under the Plan.

        SECTION 14.  DURATION, AMENDMENT AND TERMINATION

     No Award shall be granted under the Plan on or after the
date which is the tenth anniversary date of the adoption by the
Committee or the Board of this Plan.  The Committee or the Board
may amend the Plan from time to time or terminate the Plan at any
time.  By mutual agreement between the Company and an Award
Holder, one or more Awards may be granted to such Award Holder in
substitution and exchange for, and in cancellation of, any
certain Awards previously granted such Award Holder under the
Plan, provided that any such substitution Award shall be deemed a
new Award for purposes of calculating any applicable exercise
period for Options or Period of Restriction for Restricted Stock.
To the extent that any Awards which may be granted within the
terms of the Plan would qualify under present or future laws for
tax treatment that is beneficial to an Award Holder, any such
beneficial treatment shall be considered within the intent,
purpose and operational purview of the Plan and the discretion of
the Committee, and to the extent that any such Awards would so
qualify within the terms of the Plan, the Committee shall have
full and complete authority to grant Awards that so qualify
(including the authority to grant, simultaneously or otherwise,
Awards which do not so qualify) and to prescribe the terms and
conditions (which need not be identical as among recipients) in
respect to the grant or exercise of any such Awards under the
Plan.

<PAGE>

              SECTION 15.  MISCELLANEOUS PROVISIONS

     (a)  NAMING OF BENEFICIARIES.  In connection with an Award,
an Award Holder may name one or more beneficiaries to receive the
Award Holder's benefits, to the extent permissible pursuant to
the various provisions of the Plan, in the event of the death of
the Award Holder.

     (b)  SUCCESSORS.  All obligations of the Company under the
Plan with respect to Awards issued hereunder shall be binding on
any successor to the Company.

     (c)  GOVERNING LAW.  The provisions of the Plan and all
Award Agreements under the Plan shall be construed in accordance
with, and governed by, the laws of the State of Delaware without
reference to conflict of laws provisions, except insofar as any
such provisions may be expressly made subject to the laws of any
other state or federal law.

This Plan supersedes in its entirety the form of this Plan
included as Exhibit 10.12 to the Company's Annual Report on Form
10-K as filed with the Securities and Exchange Commission on
March 30, 2000.

Dated January 31, 2000

<PAGE>

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