Document:

FORM OF WARRANT

THE SECURITIES  REPRESENTED BY THIS WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE  STATE  SECURITIES  LAWS. THE
SECURITIES  HAVE BEEN ACQUIRED FOR  INVESTMENT  AND MAY NOT BE OFFERED FOR SALE,
SOLD,  TRANSFERRED  OR  ASSIGNED  IN THE  ABSENCE OF AN  EFFECTIVE  REGISTRATION
STATEMENT FOR THE SECURITIES  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED,  OR
APPLICABLE STATE  SECURITIES  LAWS, OR AN OPINION OF COUNSEL IN FORM,  SUBSTANCE
AND SCOPE REASONABLY  ACCEPTABLE TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR APPLICABLE  STATE  SECURITIES  LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT.

                             FINANCIALCONTENT, INC.

                        WARRANT TO PURCHASE COMMON STOCK

Warrant No.:  2004- 2                      Warrant to Purchase 1,400,000 Shares
Date of Issuance: October 1, 2004

         FINANCIALCONTENT,  INC., a Delaware corporation (the "Company"), hereby
certifies that, for value received, Wilfred Shaw ("Shaw"), the registered holder
hereof or its  assigns,  is entitled,  subject to the terms set forth below,  to
purchase from the Company upon  surrender of this Warrant,  at any time or times
on or after the date hereof,  but not after 5:00 P.M.  Eastern  Standard Time on
the Expiration Date (as defined  herein) the number of fully paid  nonassessable
shares of Common  Stock set forth at  Section  2(i)  below of the  Company  (the
"Warrant Shares") at the purchase price per share provided in Section 1(b) below
(the "Warrant Exercise Price").

         Section 1.        General Provisions

                  (a) Director. This Warrant is issued in connection with Shaw's
past and continued service as a director with the Company.

                  (b) Definitions. The following words and terms as used in this
Warrant shall have the following meanings:

                           "Average  Market  Price"  means,  with respect to any
                  security for any period, that price which shall be computed as
                  the arithmetic average of the last closing bid prices for such
                  security for each trading day in such period on the  principal
                  securities  exchange or trading market for such security where
                  such  security is listed or traded as  reported  by  Bloomberg
                  Financial Markets ("Bloomberg"), or if the market value cannot
                  be calculated for such period on the foregoing bases, the last
                  closing  bid price of such  security  in the  over-the-counter
                  market on the pink sheets or bulletin  board for such security
                  as  reported  by  Bloomberg,  or, if no  closing  bid price is
                  reported  for such  security by  Bloomberg,  the last  closing
                  trade price of such security as reported by Bloomberg.  If the
                  market  value cannot be  calculated  for such period on any of
                  the  foregoing  bases,  the Average  Market Price shall be the
                  average  fair market  value  during such period as  reasonably
                  determined  in good  faith by the  Board of  Directors  of the
                  Company (all as appropriately adjusted for any stock dividend,
                  stock, split or other similar transaction during such period).

                           "Common Stock" means (i) the Company's  common stock,
                  par value  $0.001 per share,  and (ii) any capital  stock into
                  which such Common Stock shall have been changed or any capital
                  stock resulting from a reclassification of such Common Stock.

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<PAGE>

                           "Expiration  Date"  means the date two (2) years from
                  the date of this Warrant or, if such date falls on a Saturday,
                  Sunday or other day on which banks are required or  authorized
                  to be closed in the State of  California  (a  "Holiday"),  the
                  next preceding date that is not a Saturday, Sunday or Holiday.

                           "Person"  means an  individual,  a limited  liability
                  company,  a  partnership,  a joint venture,  a corporation,  a
                  trust, an unincorporated  organization and a government or any
                  department or agency thereof.

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

                           "Warrant"  shall mean this  warrant and all  warrants
                  issued in exchange, transfer or replacement of any thereof.

                           "Warrant  Exercise Price" shall be equal to $1.30 per
                  share, subject to adjustment as hereinafter provided.

                  (c) Other Definitional Provisions.

                           (i)  Except  as  otherwise   specified  herein,   all
                  references  herein  (A) to the  Company  shall  be  deemed  to
                  include the Company's successors and (B) to any applicable law
                  defined or referred to herein,  shall be deemed  references to
                  such  applicable  law as the  same  may  have  been  or may be
                  amended or supplemented from time to time.

         Section 2.        Exercise of Warrant.

                  (a) Subject to the terms and conditions  hereof,  this Warrant
may be  exercised  by the  holder  hereof  then  registered  on the books of the
Company,  in whole or in part, at any time during normal  business  hours on any
business day on or after the opening of business on the date hereof and prior to
5:00 P.M.  Pacific  Standard  Time on the  Expiration  Date by (i) delivery of a
written  notice,  in the form of the  subscription  notice attached as Exhibit A
hereto, of such holder's  election to exercise this Warrant,  which notice shall
specify  the  number of  Warrant  Shares to be  purchased,  (ii)  payment to the
Company of an amount  equal to the  Warrant  Exercise  Price  multiplied  by the
number of Warrant  Shares as to which the Warrant is being  exercised  (plus any
applicable issue or transfer taxes) (the "Aggregate  Exercise Price") in cash or
by check or wire  transfer,  and (iii) the  surrender  of this  Warrant,  at the
principal office of the Company; provided, that if such Warrant Shares are to be
issued in any name other  than that of the  registered  holder of this  Warrant,
such issuance  shall be deemed a transfer and the  provisions of Section 7 shall
be applicable.

                  (b) In the event of any exercise of the rights  represented by
this Warrant in compliance with this Section 2(a), a certificate or certificates
for the Warrant Shares so purchased,  in such  denominations as may be requested
by the  holder  hereof and  registered  in the name of, or as  directed  by, the
holder,  shall be delivered at the Company's expense to, or as directed by, such
holder as soon as  practicable  after such rights shall have been so  exercised,
and in any event no later than five (5) business  days after such  exercise.  In
the case of a dispute as to the  determination  of the Warrant Exercise Price or
the Average  Market  Price of a security or the  arithmetic  calculation  of the
Warrant  Shares,  the Company shall  promptly  issue to the holder the number of
shares of Common  Stock  that is not  disputed  and shall  submit  the  disputed
determinations or arithmetic calculations to the holder via facsimile within one

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(1) day of receipt of the holder's  subscription  notice.  If the holder and the
Company are unable to agree upon the determination of the Warrant Exercise Price
or Average  Market Price or arithmetic  calculation of the Warrant Shares within
one (1) business day of such disputed  determination  or arithmetic  calculation
being  submitted to the holder,  then the Company shall  immediately  submit via
facsimile (i) the disputed  determination  of the Warrant  Exercise Price or the
Average Market Price to an  independent,  reputable  investment  banking firm or
(ii)  the  disputed  arithmetic   calculation  of  the  Warrant  Shares  to  its
independent,  outside accountant. The Company shall cause the investment banking
firm or the  accountant,  as the case may be, to perform the  determinations  or
calculations  and notify the Company and the holder of the results no later than
forty-eight (48) hours from the time it receives the disputed  determinations or
calculations.   Such  investment   bank's  or  accountant's   determination   or
calculation,  as the case may be,  shall be deemed  conclusive  absent  manifest
error.

                  (c) Unless the rights  represented  by this Warrant shall have
expired  or shall have been  fully  exercised,  the  Company  shall,  as soon as
practicable  and in any event no later  than five (5)  business  days  after any
exercise and at its own expense,  issue a new Warrant  identical in all respects
to the Warrant  exercised  except (i) it shall represent  rights to purchase the
number of Warrant Shares  purchasable  immediately  prior to such exercise under
the Warrant  exercised,  less the number of Warrant Shares with respect to which
such Warrant is exercised,  and (ii) the holder  thereof shall be deemed for all
corporate  purposes to have become the holder of record of such  Warrant  Shares
immediately  prior to the close of  business on the date on which the Warrant is
surrendered  and payment of the amount due in respect of such  exercise  and any
applicable  taxes is made,  irrespective of the date of delivery of certificates
evidencing such Warrant  Shares,  except that, if the date of such surrender and
payment is a date when the stock  transfer  books of the  Company  are  properly
closed,  such person  shall be deemed to have become the holder of such  Warrant
Shares at the opening of business on the next succeeding date on which the stock
transfer books are open.

                  (d) No fractional shares of Common Stock are to be issued upon
the  exercise of this  Warrant,  but rather the number of shares of Common Stock
issued upon  exercise of this Warrant shall be rounded up or down to the nearest
whole number.

                  (e) If the Company  shall fail for any reason or for no reason
to issue to a holder within five (5) business days after the time required under
this Section 2, a certificate  for the number of shares of Common Stock to which
the holder is  entitled  upon the  holder's  exercise  of this  Warrant or a new
Warrant  for the  number  of  shares of  Common  Stock to which  such  holder is
entitled  pursuant to this Warrant,  the Company shall, in addition to any other
remedies  under this  Agreement  or otherwise  available to such holder,  pay as
additional  damages  in cash to such  holder for each day such  issuance  is not
timely  effected  after the fifth (5th) business day following the time required
under this  Section 2, an amount  equal to 0.1% of the product of (x) the number
of shares of Common  Stock not  issued to the holder and the number of shares of
Common Stock represented by the new Warrant not issued to the holder on a timely
basis and to which such  holder is  entitled  hereunder  and (y) the Closing Bid
Price of the Common Stock on the last possible date which the Company could have
issued  such new  Warrant  or  shares  of Common  Stock to such  holder  without
violating this Section 2.

                  (f) Subject to all  conditions  herein,  this Warrant shall be
exercisable after the date of issuance, as set forth above, and thereafter until
its expiration.

                  (g) In the event that Shaw is not a director  with the Company
as of 5:00 pm on the  ninetieth  (90th) day before the day that this  Warrant is
presented by the holder to be  exercised,  then this Warrant  shall be deemed to
have expired upon the date it was issued,  as set forth above, and shall thus be
non-exercisable.
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<PAGE>

                  (h) The number of Warrant  Shares  which holder is entitled to
purchase shall be 1,400,000.

         Section 3. Covenants as to Common Stock.  The Company hereby  covenants
and agrees as follows:

                  (a) This Warrant is duly authorized and validly issued.

                  (b) All Warrant  Shares  which may be issued upon the exercise
of the rights  represented  by this  Warrant  will,  upon  issuance,  be validly
issued,  fully paid and nonassessable and free from all taxes, liens and charges
with respect to the issue thereof.

                  (c) During the period within which the rights  represented  by
this Warrant may be exercised, the Company will at all times have authorized and
reserved at least the number of shares of Common Stock needed to provide for the
exercise of the rights  then  represented  by this  Warrant and the par value of
said  shares will at all times be less than or equal to the  applicable  Warrant
Exercise Price.

                  (d) The Company will not, by amendment of its  Certificate  of
Incorporation or through any reorganization,  transfer of assets, consolidation,
merger, dissolution, issue or sale of securities, or any other voluntary action,
avoid or seek to avoid the  observance or  performance of any of the terms to be
observed  or  performed  by it  hereunder,  but will at all times in good  faith
assist in the  carrying  out of all the  provisions  of this  Warrant and in the
taking of all such action as may  reasonably  be requested by the holder of this
Warrant in order to protect the exercise privilege of the holder of this Warrant
against dilution or other  impairment,  consistent with the tenor and purpose of
this Warrant.  Without limiting the generality of the foregoing, the Company (i)
will not increase the par value of any shares of Common  Stock  receivable  upon
the exercise of this Warrant above the Exercise  Price then in effect,  and (ii)
will take all such actions as may be necessary or  appropriate in order that the
Company may validly and  legally  issue fully paid and  nonassessable  shares of
Common Stock upon the exercise of this Warrant.

                  (e) This Warrant will be binding upon any entity succeeding to
the Company by merger,  consolidation or acquisition of all or substantially all
of the Company's assets.

         Section 4. Taxes.  The Company  shall not be required to pay any tax or
taxes  attributable  to the  initial  issuance  of  the  Warrant  Shares  or any
permitted  transfer  involved in the issue or delivery of any  certificates  for
Warrant Shares in a name other than that of the registered holder hereof or upon
any permitted transfer of this Warrant.

         Section 5. Warrant Holder Not Deemed a Stockholder. Except as otherwise
specifically  provided  herein,  no holder,  as such,  of this Warrant  shall be
entitled to vote or receive  dividends  or be deemed the holder of shares of the
Company  for any  purpose,  nor shall  anything  contained  in this  Warrant  be
construed  to confer  upon the holder  hereof,  as such,  any of the rights of a
stockholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization,  issue of stock,  reclassification
of stock,  consolidation,  merger,  conveyance or otherwise),  receive notice of
meetings,  receive dividends or subscription rights, or otherwise,  prior to the
issuance to the holder of this Warrant of the Warrant  Shares which he or she is
then  entitled to receive  upon the due exercise of this  Warrant.  In addition,
nothing contained in this Warrant shall be construed as imposing any liabilities
on such holder to purchase any  securities or as a  stockholder  of the Company,
whether  such  liabilities  are  asserted by the Company or by  creditors of the
Company.  Notwithstanding this Section 5, the Company will provide the holder of
this Warrant with copies of the same notices and other  information given to the
stockholders of the Company generally, contemporaneously with the giving thereof
to the stockholders.
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<PAGE>

         Section 6.  Representations of Holder.  The holder of this Warrant,  by
the  acceptance  hereof,  represents  that it is acquiring  this Warrant and the
Warrant Shares for its own account for investment and not with a view to, or for
sale in  connection  with,  any  distribution  hereof or of any of the shares of
Common Stock or other  securities  issuable upon the exercise  thereof,  and not
with any present  intention of  distributing  any of the same.  Upon exercise of
this Warrant, the holder shall, if requested by the Company, confirm in writing,
in a form satisfactory to the Company,  that the Warrant Shares so purchased are
being acquired  solely for the holder's own account and not as a nominee for any
other party, for investment,  and not with a view toward distribution or resale.
If such holder cannot make such representations  because they would be factually
incorrect, it shall be a condition to such holder's exercise of the Warrant that
the  Company  receive  such  other  representations  as  the  Company  considers
reasonably  necessary to assure the Company that the issuance of its  securities
upon  exercise  of the  Warrant  shall not  violate  any United  States or state
securities laws.

         Section 7.        Ownership and Transfer.

                  (a) The  Company  shall  maintain at its  principal  executive
offices (or such other  office or agency of the Company as it may  designate  by
notice to the holder hereof), a register for this Warrant,  in which the Company
shall  record the name and address of the person in whose name this  Warrant has
been issued, as well as the name and address of each transferee. The Company may
treat the person in whose name any Warrant is  registered on the register as the
owner and holder  thereof for all  purposes,  notwithstanding  any notice to the
contrary,  but in all events  recognizing  any transfers made in accordance with
the terms of this Warrant.

                  (b) This Warrant and the rights  granted to the holder  hereof
are transferable,  in whole or in part, upon surrender of this Warrant, together
with a properly executed warrant power in the form of Exhibit B attached hereto;
provided,  however,  that any  transfer  or  assignment  shall be subject to the
conditions set forth in Section 7(c) below.

                  (c) The holder of this Warrant  understands  that this Warrant
has not been and is not expected to be,  registered  under the Securities Act or
any state securities  laws, and may not be offered for sale,  sold,  assigned or
transferred unless (a) subsequently  registered  thereunder,  or (b) such holder
shall  have  delivered  to  the  Company  an  opinion  of  counsel,   reasonably
satisfactory in form, scope and substance to the Company, to the effect that the
securities  to be  sold,  assigned  or  transferred  may be  sold,  assigned  or
transferred  pursuant to an exemption  from such  registration;  (i) any sale of
such securities  made in reliance on Rule 144  promulgated  under the Securities
Act may be made only in accordance  with the terms of said Rule and further,  if
said Rule is not applicable,  any resale of such securities under  circumstances
in which the seller (or the person  through whom the sale is made) may be deemed
to be an underwriter (as that term is defined in the Securities Act) may require
compliance  with some other  exemption under the Securities Act or the rules and
regulations  of the  Securities  and Exchange  Commission  thereunder;  and (ii)
neither the Company nor any other person is under any obligation to register the
Share  Warrants  under the  Securities  Act or any state  securities  laws or to
comply with the terms and conditions of any exemption thereunder.

         Section 8.  Adjustment of Warrant  Exercise  Price. In order to prevent
dilution of the rights  granted under this Warrant,  the Warrant  Exercise Price
shall be adjusted from time to time as follows: If the Company at any time after
the date of issuance of this  Warrant,  subdivides  (by any stock  split,  stock
dividend,  recapitalization or otherwise) one or more classes of its outstanding

                                       5
<PAGE>

shares of Common  Stock into a greater  number of shares,  the Warrant  Exercise
Price in effect  immediately  prior to such subdivision will be  proportionately
reduced and the number of shares of Common  Stock  obtainable  upon  exercise of
this Warrant will be proportionately increased. If the Company at any time after
the date of issuance of this Warrant  combines (by  combination,  reverse  stock
split or  otherwise)  one or more  classes of its  outstanding  shares of Common
Stock into a smaller  number of shares,  the  Warrant  Exercise  Price in effect
immediately prior to such combination will be proportionately  increased and the
number of shares of Common Stock  obtainable  upon exercise of this Warrant will
be proportionately decreased.

                  (a) Notices.

                           (i)  Immediately  upon any  adjustment of the Warrant
                  Exercise  Price,  the Company will give written notice thereof
                  to the holder of this  Warrant,  setting  forth in  reasonable
                  detail and certifying the calculation of such adjustment.

                           (ii) The  Company  will  give  written  notice to the
                  holder of this  Warrant at least twenty (20) days prior to the
                  date on which the  Company  closes its books or takes a record
                  (A) with  respect to any  dividend  or  distribution  upon the
                  Common  Stock,  (B) with respect to any pro rata  subscription
                  offer to holders of Common Stock or (C) for determining rights
                  to vote with  respect to any Organic  Change,  dissolution  or
                  liquidation,  except  that in no event  shall  such  notice be
                  provided to such holder prior to such  information  being made
                  known to the public.

         Section  9. Lost,  Stolen,  Mutilated  or  Destroyed  Warrant.  If this
Warrant is lost, stolen,  mutilated or destroyed,  the Company shall, on receipt
of an indemnification undertaking,  issue a new Warrant of like denomination and
tenor as the Warrant so lost, stolen, mutilated or destroyed.

         Section  10.  Notice.  Any  notices,   consents,   waivers,   or  other
communications required or permitted to be given under the terms of this Warrant
must be in writing and will be deemed to have been  delivered  (i) upon receipt,
when delivered personally; (ii) upon receipt, when sent by facsimile, provided a
copy is mailed by U.S. certified mail, return receipt requested; (iii) three (3)
days after being sent by U.S. certified mail, return receipt requested;  or (iv)
one (1) day  after  deposit  with a  nationally  recognized  overnight  delivery
service,  in each case properly  addressed to the party to receive the same. The
addresses and facsimile numbers for such communications shall be:

                  If to the Company:

                           FINANCIALCONTENT, INC.
                           400 Oyster Point Blvd., Suite 435
                           So. San Francisco, CA 94080

                  If to a holder of this Warrant:  to the address at the address
set forth below such holder's signature on the signature page hereof.

Each party shall provide five (5) days' prior written  notice to the other party
of any change in address or facsimile number.

         Section  11.  Miscellaneous.  This  Warrant  and any term hereof may be
changed,  waived,  discharged,  or  terminated  only by an instrument in writing
signed by the party or holder hereof  against which  enforcement of such change,
waiver, discharge or termination is sought. The headings in this Warrant are for
convenience  of  reference  only and  shall not limit or  otherwise  affect  the
meaning hereof. This Warrant shall be governed by and interpreted under the laws
of the State of California.

                                       6
<PAGE>

         Section 12. Date.  The date of this Warrant is the issuance date as set
forth above. This Warrant, in all events,  shall be wholly void and of no effect
after the close of business on the Expiration Date, except that  notwithstanding
any other provisions  hereof, the provisions of Section 7 shall continue in full
force and effect  after such date as to any Warrant  Shares or other  securities
issued upon the exercise of this Warrant.

                     [THIS SPACE INTENTIONALLY LEFT BLANK.]

                                 FINANCIALCONTENT, INC.

                                 By: /S/ WING YU
                                 ------------------------------
                                 Name: Wing Yu

                                 Title: CEO

                                       7
<PAGE>

ACCEPTED:

/S/ WILFRED SHAW
Wilfred Shaw
400 Oyster Point Blvd., Suite 435
So. San Francisco, CA 94080
Telephone: 650-837-9850
Facsimile: 650-745-2677

                                       9
<PAGE>

                              EXHIBIT A TO WARRANT

                                SUBSCRIPTION FORM

        TO BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

                             FINANCIALCONTENT, INC.

         The  undersigned  hereby  exercises the right to purchase the number of
Warrant  Shares  covered  by  this  Warrant  specified  below  according  to the
conditions  thereof  and  herewith  makes  payment  therefor  in the  amount  of
$____________________,  the Aggregate  Exercise  Price of such Warrant Shares in
full, and requests that such Warrant Shares be issued in the name of:

                                   Wilfred Shaw

                                   Dated: ________________
                                   By: __________________________________
                                   Name: ________________________________
                                   Title: _______________________________
                                   Address: _____________________________

                                   Number of Warrant Shares
                                   Being Purchased:   ___________________

<PAGE>

                              EXHIBIT B TO WARRANT

                              FORM OF WARRANT POWER

         FOR VALUE RECEIVED,  the undersigned does hereby assign and transfer to
_____________________________________________ , Federal    Identification   No.
__________________, a warrant to purchase ______________ shares of the capital
stock of FINANCIALCONTENT,  INC., a Delaware corporation, represented by warrant
certificate No.  ________,  standing in the name of the undersigned on the books
of said  corporation.  The undersigned  does hereby  irrevocably  constitute and
appoint ______________________________________________, attorney to transfer the
warrants of said corporation, with full power of substitution in the premises.

Dated: ______________
                                     By:   _____________________________________
                                     Name:   ___________________________________
                                     Its:    ___________________________________EMPLOYEE COMPENSATION PLAN

         1. Purpose of the Plan. The purpose of the 2004-1 Employee Compensation
Plan "Plan") of FinancialContent,  Inc., a Delaware corporation,  ("Company") is
to provide the Company with a means of compensating employees for their services
with shares of Common Stock of the Company as an  additional  component of their
wage.

         2.  Administration  of the Plan. The Plan shall be  administered by the
Company's Board of Directors (the "Board").

                  2.1 Award of  Shares.  The  Company's  Board  shall (a) select
those  employees to whom shares of the Company's  Common Stock shall be awarded,
and (b) determine  the number of shares to be awarded;  (c) the time or times at
which  shares  shall be awarded;  (d)  whether the shares to be awarded  will be
registered with the Securities and Exchange Commission; and (e) such conditions,
rights of repurchase,  rights of first refusal or other transfer restrictions as
the Board may  determine.  Each award of shares under the Plan may or may not be
evidenced  by a written  agreement  between the Company and the employee to whom
shares of the Company's Common Stock are awarded.

                  2.2 Consideration  for Shares.  Shares of the Company's Common
Stock to be awarded  under the Plan shall be issued  for work  performed  by the
employee, having a value not less than par value thereof, as shall be determined
from time to time by the Board in its sole discretion.

                  2.3 Board  Procedures.  The Board  from time to time may adopt
such rules and  regulations  for carrying out the purposes of the Plan as it may
deem  proper and in the best  interests  of the  Company.  The Board  shall keep
minutes of its meetings and records of its actions. A majority of the members of
the Board shall  constitute a quorum for the  transaction of any business by the
Board.  The Board may act at any time by an  affirmative  vote of a majority  of
those  members  voting.  Such  vote  shall be taken at a meeting  (which  may be
conducted in person or by any telecommunication medium) or by written consent of
Board members without a meeting.

                  2.4  Finality of Board  Action.  The Board  shall  resolve all
questions arising under the Plan. Each determination,  interpretation,  or other
action made or taken by the Board shall be final and  conclusive  and binding on
all persons, including,  without limitation, the Company, its stockholders,  the
Board and each of the members of the Board.

                  2.5  Non-Liability of Board Members.  No Board member shall be
liable for any action or determination made by him in good faith with respect to
the Plan or any shares of the Company's Common Stock awarded under it.

                  2.6 Board Power to Amend,  Suspend, or Terminate the Amendment
to the Plan. The Board may, from time to time, make such changes in or additions
to the Plan as it may deem proper and in the best  interests  of the Company and
its Stockholders.  The Board may also suspend or terminate the Plan at any time,
without notice, and in its sole discretion.

         3. Shares  Subject to the Plan.  For purposes of the Plan, the Board of
Directors is authorized  to award up to 50,000  shares of the  Company's  Common
Stock. $.001 par value per share ("Common Stock").

         4.  Participants.   Key  employees  of  the  Company  and  any  of  its
subsidiaries  (sometimes referred to herein as ("participants")  are eligible to
participate  in the  Plan.  A copy  of  this  Plan  shall  be  delivered  to all
participants,  together  with a copy of any Board  resolutions  authorizing  the
issuance  of the  shares  and  establishing  the terms and  conditions,  if any,
relating to the award of such shares.

                                       1
<PAGE>
         5. Rights and Obligations of Participants.  The award or sale of shares
of Common stock shall be conditioned upon the participant providing to the Board
a written  representation  that,  at the time of such  award or sale,  it is the
intent of such person(s) to acquire the shares for investment  only and not with
a view toward  distribution.  The certificate for unregistered shares issued for
investment  shall be restricted by the Company as to transfer unless the Company
receives  an opinion of counsel  satisfactory  to the Company to the effect that
such  restriction is not necessary  under the  pertaining  law. The providing of
such  representation  and such  restriction on transfer shall not,  however,  be
required  upon any person's  receipt of shares of Common Stock under the Plan in
the event that, at the time of award or sale, the shares shall be (i) covered by
an effective and current  registration  statement  under the  Securities  Act of
1933, as amended,  and (ii) either qualified or exempt from qualification  under
applicable  state  securities  laws.  The  Company  shall,  however,   under  no
circumstances  be required to issue any shares under the Plan if, in the opinion
of the Board,  (i) the issuance of such shares  would  constitute a violation by
the  participant  or the  Company of any  applicable  law or  regulation  of any
governmental authority, or (ii) the consent or approval of any governmental body
is necessary or desirable as a condition of, or in connection with, the issuance
of such shares.

         6. Issuance of Shares.  At the  discretion of the Board,  Shares may be
issued under the Plan in consideration of services rendered;  provided, however,
that any issuance of shares under the Plan shall be in  compliance  with Section
152 of the Delaware General Corporation Law, as amended.

         7.  Adjustments.  If the  outstanding  Common  Stock shall be hereafter
increased or decreased,  or changed into or exchanged for a different  number or
kind of shares or other securities of the Company or of another corporation,  by
reason  of  a  recapitalization,   reclassification,   reorganization,   merger,
consolidation,  share  exchange,  or other  business  combination  in which  the
Company is the surviving  parent  corporation,  stock  split-up,  combination of
shares, or dividend or other distribution  payable in capital stock or rights to
acquire capital stock,  appropriate adjustment shall be made by the Board in the
number and kind of shares which may be granted under the Amendment to the Plan.

         8. Tax Withholding.  As a condition to the purchase or award of shares,
the  participant  shall make such  arrangements as the Board may require for the
satisfaction of any federal, state, local or foreign withholding tax obligations
that may arise in connection with such purchase or award.

         9. Terms of the Plan.

                  9.1 Effective Date. The Plan shall become  effective on August
25, 2004.

                  9.2 Termination  Date. The Plan shall terminate at Midnight on
August 31, 2005, and no shares shall be awarded after that time. The Plan may be
suspended or terminated at any earlier time by the Board within the  limitations
set forth in Section 2.6.

         10.  Non-Exclusivity  of the  Plan.  Nothing  contained  in the Plan is
intended to amend,  modify,  or rescind  any  previously  approved  compensation
plans,  programs  or options  entered  into by the  Company.  This Plan shall be
construed  to be in  addition  to and  independent  of any  and all  such  other
arrangements.  The  adoption of the Plan by the Board shall not be  construed as
creating any  limitations on the power of authority of the Board to adopt,  with
or  without  stockholder   approval,   such  additional  or  other  compensation
arrangements as the Board may from time to time deem desirable.

         11.  Governing  Law. The Plan and all rights and  obligations  under it
shall be  construed  and  enforced in  accordance  with the laws of the state of
Delaware.

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