Document:

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                                                                    EXHIBIT 10.1

                         EXECUTIVE EMPLOYMENT AGREEMENT

         THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made as of
November 1, 2002, between LightFirst Inc., a Delaware corporation (the
"Company"), and Martin P. Gilmore ("Executive").

         In consideration of the mutual covenants contained herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Executive agree as follows:

1.       EMPLOYMENT. The Company will employ Executive, and Executive hereby
accepts employment with the Company, on the terms and subject to the conditions
set forth in this Agreement, for the period beginning on January 1, 2003 (the
"START DATE") and ending as provided in Section 5 hereof (the "EMPLOYMENT
PERIOD").

2.       POSITION AND DUTIES.

         (a) During the Term, Executive will serve as the President and Chief
Executive Officer of the Company, and Executive will render such administrative,
financial and other executive and managerial services to the Company and its
Subsidiaries which are consistent with Executive's position as the Company's
Board of Directors (the "BOARD") may from time to time direct.

         (b) During the Term, Executive will report to the Board and will devote
his best efforts and his full business time and attention (except for permitted
vacation periods and reasonable periods of illness or other incapacity) to the
business and affairs of the Company; PROVIDED that Executive shall be permitted
to serve on the advisory boards or boards of directors of other businesses or
charitable entities, so long as such service does not interfere with his
performance of his duties to the Company under this Agreement, and so long as he
periodically informs the Board of such commitments. Executive will perform his
duties, responsibilities and functions to the best of his abilities in a
diligent, trustworthy, professional and efficient manner and will comply with
the Company's and its Subsidiaries' policies and procedures in all material
respects.

         (c) For purposes of this Agreement, "SUBSIDIARIES" will mean any
corporation or other entity of which the securities or other ownership interests
having the voting power to elect a majority of the board of directors or other
governing body are, at the time of determination, owned by the Company, directly
or through one of more Subsidiaries.

3.       COMPENSATION AND BENEFITS.

         (a) During the Term, Executive's base salary will be $1.00 per annum,
which salary shall be payable in full by the Company on the first business day
of the Company's fiscal year.

         (b) The Executive will be eligible to receive for each fiscal quarter a
Subscriber Acquisition Bonus (the "Bonus"), paid within fifteen (15) days of
last day of the quarter, for achievement of certain subscriber acquisition goals
as set forth in the Subscriber Acquisition Schedule (the "Schedule") attached
hereto as Exhibit A. The bonus for a particular quarter will be calculated by
multiplying the number of Acquired Subscribers, as defined in the Schedule,
acquired during that quarter as of the last day of the quarter by $0.50
("Partial Bonus"); PROVIDED that, if the number of Acquired Subscribers for the
quarter meets or exceeds the Goal as defined in the Schedule, the bonus for that
quarter will be calculated by multiplying the number of Acquired Subscribers
acquired during that quarter as of the last day of the quarter by $1.00 ("Full
Bonus").

         (c) During the Term, Executive will be entitled to participate in all
of the Company's employee benefit programs for which employees of the Company
and its Subsidiaries are generally eligible,

Executive Employment Agreement                                       Page 1 of 7

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including, without limitation, health insurance, personal time off, and other
benefits as outlined in the LightFirst Employee Handbook.

         (f) During the Term, the Company will reimburse Executive for each of
the following (without duplication):

                  (i) all reasonable out-of-pocket travel and other business
         expenses incurred by his as required in the course of performing his
         duties and responsibilities under this Agreement, which expenses will
         be reimbursed in a manner consistent with the Company's policies in
         effect from time to time with respect to travel, entertainment and
         other business expenses, and subject to the Company's requirements with
         respect to reporting and documentation of such expenses;

                  (ii) for so long as Executive serves as a director on the
         Board, all reasonable out-of-pocket business expenses incurred by him
         in connection with attending meetings of the Board, subject to the
         Company's requirements with respect to reporting and documentation of
         such expenses;

                  (iii) to the extent such services are not provided by the
         Company, all reasonable fees and disbursements for one legal counsel to
         Executive incurred in complying with periodic reporting or filing
         requirements under applicable securities laws arising out of (A)
         Executive's position with the Company, (B) compensation by the Company,
         or (C) ownership of the Company's securities; and

         Executive agrees that he will work in good faith with the Company to
         manage his reimbursable expenses in a cost- and tax-efficient manner.

         (i) Beginning on the later of the Start Date or the closing date of an
initial public offering of securities ("IPO"), the Company will maintain
directors and officers indemnity insurance in amount and coverage reasonably
satisfactory to Executive; and the Company's certificate of incorporation and
bylaws will provide for indemnification and exculpation of directors and
officers to the fullest extent permitted under applicable law.

         (j) The Company may withhold from any amounts payable under this
Agreement all federal, state, or other taxes and withholding amounts as the
Company is required to withhold under applicable law.

4.       BOARD MEMBERSHIP.

         With respect to all regular elections of directors during the Term, the
Company shall nominate, and use its reasonable efforts to cause the election of,
Executive to serve as a member of the Board. For so long as Executive serves on
the Board, Executive shall be appointed by the Board to serve on all committees
(other than the compensation committee) with authority over the Company's budget
or any component thereof, including any capital spending committees, and shall
be entitled to attend all meetings (other than customary meetings in executive
session that are not meetings of the Board within the meaning of Section 141 of
the Delaware General Corporation Law) of any committee of the Board (other than
the compensation committee). Upon the termination or expiration of the Term,
Executive shall resign as a director of the Company and its Subsidiaries, as the
case may be, and from each committee of the Board.

5.       TERM.

         (a) The Term of this Agreement shall begin on the Start Date and shall
continue for a period of three (3) years, or until the earliest to occur of the
Executive's resignation, death, Disability (as defined below), or termination by
the Company. The Company may terminate Executive's employment at any time with
or without Cause (as defined below), and Executive may terminate his employment
at any time with or without Good Reason (as defined below) upon giving written
notice of his resignation to the Company at least 60 days prior to the date of
such termination.

Executive Employment Agreement                                      Page 2 of 7

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         (b) If Executive's employment is terminated due to Executive's death,
the Company will pay to Executive's estate the Bonus due for the quarter in
which such termination occurs calculated according to the Full Bonus
calculation, irrespective of success or failure in meeting the Goal for that
quarter.

         (c) If Executive's employment is terminated due to Executive's
Disability, Executive will be entitled to receive his Bonus due for the quarter
in which such termination occurs calculated according to the Full Bonus
calculation, irrespective of success or failure in meeting the Goal for that
quarter, and Executive will be entitled to such benefits as are available under
the Company's long-term disability insurance plans as in effect on the date of
termination. Executive will be "DISABLED" only if, as a result of his incapacity
due to physical or mental illness, he is considered disabled under the Company's
long-term disability insurance plans referred to in the preceding sentence.

         (d) If Executive's employment is terminated due to Executive's
resignation (other than for Good Reason) or a termination by the Company for
Cause, Executive will be entitled to receive the Bonus due for the quarter in
which such termination occurs calculated according to terms of section 3(b) and
the Schedule.

         (e) If Executive's employment is terminated due to Executive's
resignation for Good Reason or a termination by the Company (other than for
Cause), then Executive will be entitled to receive:

                  (i)      his base salary through the date of termination;

                  (ii) a lump-sum cash payment within 30 days after the date of
         such termination calculated by multiplying the Total Goal for
         12-Quarter Period (as defined in the Schedule) by $1.00 and then
         subtracting the sum of all Bonuses paid to the Executive pursuant to
         section 3(b) between the Start Date and the date of termination.

                  (iii) a continuation through the one-year anniversary of the
         date of termination of his participation in the Company's health and
         other insurance benefit programs for which senior executive employee's
         are generally eligible (unless at any time during such one-year period
         Executive obtains other employment with substantially comparable health
         and other insurance benefits)

         (f) Except as otherwise expressly provided herein, all of Executive's
rights to salary, bonuses, employee benefits and other compensation hereunder
which would have accrued or become payable after the termination or expiration
of the Term shall cease upon such termination or expiration, other than those
expressly required under applicable law (such as COBRA).

         (g) For purposes of this Agreement, "CAUSE" shall mean Executive's (i)
commission of a felony, (ii) commission of any other act or omission involving
dishonesty, disloyalty or fraud with respect to the Company or any of its
Subsidiaries or any of their customers or suppliers, (iii) reporting to work
under the influence of alcohol or illegal drugs, the use of illegal drugs
(whether or not at the workplace) or other repeated conduct causing the Company
or any of its Subsidiaries substantial public disgrace or disrepute or economic
harm, (iv) continued and repeated refusal or failure (other than by reason of
Disability) to perform his duties as reasonably directed by the Board, (v) gross
negligence or willful misconduct that is materially detrimental to the Company
or any of its Subsidiaries, or (vi) any other material breach of this Agreement;
PROVIDED that in the case of (iii) through (iv) or (vi) above, Executive shall
have received written notice from the Board of the acts purportedly constituting
"Cause" and shall have failed to cure such acts within 30 days following receipt
of such notice; AND PROVIDED FURTHER that a termination for "Cause" shall occur
only upon the vote of a majority of the members of the Board (other than
Executive) at a meeting of which Executive has been notified and offered the
opportunity to appear before the Board and address the acts purportedly giving
rise to such "Cause."

         (h) For purposes of this Agreement, a termination by Executive for
"GOOD REASON" will mean Executive's voluntary resignation after any of the
following: (i) a demotion of Executive from the position of Chief Executive
Officer without his consent, (ii) a substantial reduction in Executive's
authority and

Executive Employment Agreement                                      Page 3 of 7

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responsibilities as Chief Executive Officer without his consent, (iii) a
reduction in Executive's Base Salary required under Section 3(a), or in the
maximum bonus for which Executive may be eligible under Section 3(b), without
his consent, (iv) a relocation of Executive's principal place of business more
than 35 miles from the greater Chicago metropolitan area without his consent, or
(v) any material breach of this Agreement; PROVIDED that no such occurrence
shall constitute the basis for a termination with "Good Reason" unless Executive
notifies the Company in writing within 90 days of such occurrence that Executive
considers such occurrence to be the basis for a termination with "Good Reason"
and the Company fails to cure such occurrence within 30 days following receipt
of such notice.

6.       CONFIDENTIAL INFORMATION.

         (a) Executive acknowledges that the information, observations and data
(including trade secrets) obtained by his while employed by the Company and its
Subsidiaries concerning the business or affairs of the Company or any Subsidiary
("CONFIDENTIAL INFORMATION") are the property of the Company or such Subsidiary.
Therefore, Executive agrees that he shall not disclose to any unauthorized
person or use for his own purposes any Confidential Information without the
prior written consent of the Board, unless and to the extent that the
Confidential Information becomes generally known to and available for use by the
public other than as a result of Executive's acts or omissions. Executive shall
deliver to the Company at the termination or expiration of the Term, or at any
other time the Company may request, all memoranda, notes, plans, records,
reports, computer tapes, printouts and software and other documents and data
(and copies thereof) embodying or relating to the Confidential Information, Work
Product (as defined below) or the business of the Company or its Subsidiaries
which he may then possess or have under his control; PROVIDED that the Company
shall provide Executive with reasonable access during normal business hours to
all such materials to the extent reasonably required with respect to any dispute
or matter with respect to which Executive may have personal liability, and all
such materials made available to Executive shall continue to be subject to the
confidentiality provisions set forth in this Section 6.

         (b) Executive shall be prohibited from using or disclosing any
confidential information or trade secrets that Executive may have learned
through any prior employment. If at any time during this employment with the
Company or any Subsidiary, Executive believes he is being asked to engage in
work that will, or will be likely to, jeopardize any confidentiality or other
obligations Executive may have to former employers, Executive shall immediately
advise the Board so that Executive's duties can be modified appropriately.

         (c) Executive represents and warrants to the Company that Executive
took nothing with his which belonged to any former employer when Executive left
his prior position and that Executive has nothing that contains any information
which belongs to any former employer. If at any time Executive discovers this is
incorrect, Executive shall promptly return any such materials to Executive's
former employer. The Company does not want any such materials, and Executive
shall not be permitted to use or refer to any such materials in the performance
of Executive's duties hereunder.

7.       NON-COMPETE, NON-SOLICITATION.

         (a) Executive acknowledges and agrees with the Company that in the
course of his employment with the Company he will become familiar with the
Company's trade secrets and with other confidential and proprietary information
concerning the Company and its Subsidiaries, that Executive's services to the
Company and its Subsidiaries are special and unique in nature and of an
extraordinary value to the Company, and that the Company would be irreparably
damaged if Executive were to provide similar services to any Person competing
with the Company or any of its Subsidiaries or engaged in similar business.

         (b) Therefore, in order to induce the Company to hire Executive and
enter into this Agreement, and in further consideration of Executive's
compensation under employment arrangements with the Company, Executive covenants
and agrees that during the Term and (so long as the Company pays to Executive
all amounts and provides such benefits as are owed to his under the terms of
this Agreement) for one (1) year thereafter (the "NONCOMPETE PERIOD"), he shall
not directly or indirectly, either for

Executive Employment Agreement                                      Page 4 of 7

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herself or for any other Person, participate in any business or enterprise that
engages or proposes to engage in the provision Internet access or electronic
bill presentment services within the United States.

         (c) For purposes hereof, "PERSON" means any individual, partnership,
corporation, limited liability company, association, joint stock company, trust,
joint venture, unincorporated organization, or governmental entity, department,
agency, or political subdivision.

         (d) For purposes hereof, "participate in" will including, without
limitation, having any direct or indirect interest in any Person, whether as a
sole proprietor, owner, stockholder, partner, member, joint venturer, creditor,
or otherwise, or rendering any direct or indirect service or assistance to any
Person (whether as a director, officer, manager, supervisor, employee, agent,
consultant, or otherwise), other than passive ownership of not more than 2% of
the outstanding stock of any class of a corporation which is publicly traded, so
long as Executive has no active participation in the business of such
corporation.

         (e) During the Noncompete Period, Executive shall not directly or
indirectly through another Person (i) induce or attempt to induce any employee
of the Company or any Subsidiary to leave the employ of the Company or such
Subsidiary, or in any way interfere with the relationship between the Company or
any Subsidiary and any employee thereof, (ii) hire any person who was an
employee of the Company or any Subsidiary at any time during the period from six
months' prior to the termination of the Term until six months' after the
termination of the Term, or (iii) induce or attempt to induce any customer,
supplier, licensee, licensor, franchisee or other business relation of the
Company or any Subsidiary to cease doing business with the Company or such
Subsidiary, or in any way interfere with the relationship between any such
customer, supplier, licensee or business relation and the Company or any
Subsidiary (including, without limitation, making any negative or disparaging
statements or communications regarding the Company or its Subsidiaries).

8.       ENFORCEMENT.

         If, at the time of enforcement of Section 6 or 7 of this Agreement, a
court holds that the restrictions stated herein are unreasonable under
circumstances then existing, the parties hereto agree that the maximum period,
scope or geographical area reasonable under such circumstances shall be
substituted for the stated period, scope or area. Because Executive's services
are unique and because Executive has access to Confidential Information and Work
Product, the parties hereto agree that money damages would not be an adequate
remedy for any breach of this Agreement. Therefore, in the event a breach or
threatened breach of this Agreement, the Company or its successors or assigns,
in addition to other rights and remedies existing in their favor, shall be
entitled to specific performance and/or injunctive or other equitable relief
from a court of competent jurisdiction in order to enforce, or prevent any
violations of, the provisions hereof (without posting a bond or other security).
In addition, in the event of an alleged breach or violation by Executive of
Section 7, the Noncompete Period shall be tolled until such breach or violation
has been duly cured. Executive acknowledges that the restrictions contained in
Section 7 are reasonable and that he has reviewed the provisions of this
Agreement with his legal counsel.

9.       EXECUTIVE'S REPRESENTATIONS.

         Executive hereby represents and warrants to the Company that (i) the
execution, delivery and performance of this Agreement by Executive do not and
shall not conflict with, breach, violate or cause a default under any contract,
agreement, instrument, order, judgment or decree to which Executive is a party
or by which he is bound, (ii) Executive is not a party to or bound by any
employment agreement, noncompete agreement or confidentiality agreement with any
other person or entity, and (iii) upon the execution and delivery of this
Agreement by the Company, this Agreement shall be the valid and binding
obligation of Executive, enforceable in accordance with its terms. Executive
hereby acknowledges and represents that he has consulted with independent legal
counsel regarding his rights and obligations under this Agreement and that he
fully understands the terms and conditions contained herein. As an inducement to
the Company to enter into this Agreement, Executive acknowledges and agrees that
no provision contained herein shall entitle him to remain in the employment of
the Company or any of its Subsidiaries or affect the right of the Company to
terminate his employment at any time and for any reason.

Executive Employment Agreement                                      Page 5 of 7

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10.      MISCELLANEOUS.

         (a) SURVIVAL. Sections 6 through 11 shall survive and continue in full
force in accordance with their terms notwithstanding the expiration or
termination of the Term.

         (b) NOTICES. Any notice provided for in this Agreement shall be in
writing and shall be either personally delivered, sent by reputable overnight
courier service or mailed by first class mail, return receipt requested, to the
recipient at the address below indicated:

Notices to Executive:

                  Martin P. Gilmore
                  5701 Silentbrook Lane
                  Rolling Meadows, IL 60008

Notices to the Company:

                  LightFirst Inc.
                  P.O. Box 59481
                  Schaumburg, IL 60159-0481
                  Attention: Board of Directors

or such other address or to the attention of such other person as the recipient
party shall have specified by prior written notice to the sending party. Any
notice under this Agreement shall be deemed to have been given when so
delivered, sent or mailed.

         (c) SEVERABILITY. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision of this Agreement or any action in any other jurisdiction,
but this Agreement shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never
been contained herein.

         (d) COMPLETE AGREEMENT. This Agreement and those documents expressly
referred to herein embody the complete agreement and understanding between the
parties and supersede and preempt any prior understandings, agreements or
representations by or among the parties, written or oral, which may have related
to the subject matter hereof in any way.

         (e) NO STRICT CONSTRUCTION. The language used in this Agreement shall
be deemed to be the language chosen by the parties hereto to express their
mutual intent, and no rule of strict construction shall be applied against any
party.

         (f) COUNTERPARTS. This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken
together constitute one and the same agreement.

         (g) SUCCESSORS AND ASSIGNS. This Agreement is intended to bind and
inure to the benefit of and be enforceable by Executive, the Company and their
respective heirs, successors and assigns, except that Executive may not assign
his rights or delegate his duties or obligations hereunder without the prior
written consent of the Company.

         (h) CHOICE OF LAW. All issues and questions concerning the
construction, validity, enforcement and interpretation of this Agreement and the
exhibits and schedules hereto shall be governed by, and construed in accordance
with, the laws of the State of Illinois, without giving effect to any choice

Executive Employment Agreement                                      Page 6 of 7

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of law or conflict of law rules or provisions (whether of the State of Illinois
or any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Illinois.

         (i) AMENDMENT AND WAIVER. The provisions of this Agreement may be
amended or waived only with the prior written consent of the Company (as
approved by the Board) and Executive, and no course of conduct or course of
dealing or failure or delay by any party hereto in enforcing or exercising any
of the provisions of this Agreement (including, without limitation, the
Company's right to terminate the Term for Cause) shall affect the validity,
binding effect or enforceability of this Agreement or be deemed to be an implied
waiver of any provision of this Agreement.

         (j) INSURANCE. The Company may, at its discretion, apply for and
procure in its own name and for its own benefit life and/or disability insurance
on Executive in any amount or amounts considered available. Executive agrees to
cooperate in any medical or other examination, supply any information and
execute and deliver any applications or other instruments in writing as may be
reasonably necessary to obtain and constitute such insurance. Executive hereby
represents that he has no reason to believe that his life is not insurable at
rates now prevailing for healthy men of his age.

         (k) EXECUTIVE'S COOPERATION. During the Employment and thereafter,
Executive shall cooperate with the Company and its Subsidiaries in any internal
investigation or administrative, regulatory or judicial proceeding as reasonably
requested by the Company (including, without limitation, Executive being
available to the Company upon reasonable notice for interviews and factual
investigations, appearing at the Company's request to give testimony without
requiring service of a subpoena or other legal process, volunteering to the
Company all pertinent information and turning over to the Company all relevant
documents which are or may come into Executive's possession, all at times and on
schedules that are reasonably consistent with Executive's other permitted
activities and commitments). In the event the Company requires Executive's
cooperation in accordance with this paragraph, the Company shall reimburse
Executive for his reasonable out-of-pocket expenses incurred in connection
therewith (including travel, lodging, meals, and reasonable legal expenses,
subject to the Company's requirements with respect to reporting and
documentation of such expenses)

         (l) MANDATORY ARBITRATION. Except as otherwise expressly provided
herein with respect to the availability of equitable remedies, all claims,
disputes, controversies or other matters in question arising under or relating
to this Agreement (collectively, "Disputes") will, if unable to be resolved
within 10 days of preliminary negotiation between Executive and the Company, be
resolved through binding arbitration in accordance with the commercial
arbitration rules and practices of the American Arbitration Association. Such
arbitration will be in New York, New York, or such other place as is mutually
agreeable to Executive and the Company. The cost of each arbitration proceeding,
including without limitation the arbitrator's compensation and expenses, hearing
room charges, court reporter transcript charges, reasonable attorney fees and
expenses, etc., will be allocated among the parties by the arbitrator based upon
the relative merits of the positions of the parties to such Dispute in such
arbitration. The parties hereto agree that, subject to the provisions herein
with respect to the availability of equitable remedies, mandatory arbitration
under this Section 11(l) will be the sole and exclusive remedy for resolving and
remedying all Disputes hereunder.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.

LightFirst Inc.                                       EXECUTIVE

By:    ____________________________                   __________________________
Name:  Martin P. Gilmore                              Martin P. Gilmore
Title: Secretary

Executive Employment Agreement                                      Page 7 of 7

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Exhibit A

                      SUBSCRIBER ACQUISITION BONUS SCHEDULE

         The following Subscriber Acquisition Bonus Schedule (the "Schedule") is
part of and has the same force and effect as the Executive Employment Agreement
(the "Agreement") entered into on November 1, 2002 between Martin P. Gilmore
(the "Executive") and LightFirst Inc. (the "Company").

I.       Definitions

         a.   "Quarter" means one of four three-month periods into which the
              Company's fiscal year is divided for accounting and tax purposes.

         b.   "Q1" means the first quarter of a fiscal year, from first day of
              January through the 31st day of March.

         c.   "Q2" means the second quarter of a fiscal year, from the first day
              of April through the 30th day of June.

         d.   "Q3" means the third quarter of a fiscal year, from the first day
              of July through the 30th day of September.

         e.   "Q4" means the fourth quarter of a fiscal year, from the first day
              of October through the 31st day of December.

         f.   "Goal" means the minimum number of Acquired Subscribers required
              in a particular quarter for Executive to earn the Full Bonus as
              defined in the Agreement.

         g.   "Acquired Subscribers" means individuals who have registered for
              the Company's dial-up Internet access service and paid their first
              LightFirst invoice. A subscriber shall be deemed to become an
              Acquired Subscriber during the month that the Company receives his
              or her first payment.

         h.   "Bonus Payment Due Date" means the date on or before which the
              Company shall pay to the Executive the Partial Bonus or Full
              Bonus, as defined in the Agreement, due for the expiring quarter.

II.      Schedule of Goals per Quarter

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
QUARTER           GOAL (Acquired Subscribers)       QUARTER END DATE          BONUS PAYMENT DUE DATE
--------          ---------------------------       ----------------          ----------------------
----------------------------------------------------------------------------------------------------
<S>               <C>                             <C>                         <C>
Q1 2003                     25,000                   March 31, 2003               April 15, 2003
----------------------------------------------------------------------------------------------------
Q2 2003                     25,000                   June 30, 2003                 July 15, 2003
----------------------------------------------------------------------------------------------------
Q3 2003                     25,000                 September 30, 2003            October 15, 2003
----------------------------------------------------------------------------------------------------
Q4 2003                     25,000                 December 31, 2003             January 15, 2004
----------------------------------------------------------------------------------------------------
Q1 2004                     25,000                   March 31, 2004               April 15, 2004
----------------------------------------------------------------------------------------------------
Q2 2004                     25,000                   June 30, 2004                 July 15, 2004
----------------------------------------------------------------------------------------------------
Q3 2004                     50,000                 September 30, 2004            October 15, 2004
----------------------------------------------------------------------------------------------------
Q4 2004                     50,000                 December 31, 2004             January 15, 2005
----------------------------------------------------------------------------------------------------
Q1 2005                    200,000                  March 31, 2005                April 15, 2005
----------------------------------------------------------------------------------------------------
Q2 2005                    200,000                  June 30, 2005                 July 15, 2005
---------------------------------------------------------------------------------------------------
Q3 2005                    200,000                September 30, 2005            October 15, 2005
----------------------------------------------------------------------------------------------------
Q4 2005                    200,000                December 31, 2005             January 15, 2006
----------------------------------------------------------------------------------------------------
</TABLE>

Total Goal for 12-Quarter Period = 1,050,000 Acquired Subscribers

Exhibit A: Subscriber Acquisition Bonus Schedule                             A-1<PAGE>

                                                                    EXHIBIT 10.2

                                LIGHTFIRST, INC.

                             2002 STOCK OPTION PLAN

                               SECTION 1: PURPOSE

                  The purpose of the LightFirst, Inc. 2002 Stock Option Plan, as
amended and restated (the "Plan"), is to further the growth and development of
LightFirst, Inc. (the "Company") by affording an opportunity for stock ownership
to selected employees, directors and consultants of the Company and its
Subsidiaries (as defined in Section 2(o) below).

                             SECTION 2: DEFINITIONS

                  Unless otherwise indicated, the following terms when used
herein shall have the following meanings:

                  (a)      "Affiliate" shall mean, with respect to any person or
         entity, a person or entity that directly or indirectly through one or
         more intermediaries, controls, or is controlled by, or is under common
         control with, such person or entity.

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

                  (c)      "Cause" shall mean a termination on account of (1)
         repeated refusal to obey written directions of the Board of Directors
         or a superior officer of the Company (so long as such directions do not
         involve illegal or immoral acts); (2) breach of any confidentiality,
         noncompetition or other obligation to the Company; (3) repeated acts of
         substance abuse which are materially injurious to the Company; (4)
         fraud or dishonesty that is materially injurious to the Company; (5)
         commission of a criminal offense involving money or other property of
         the Company (excluding any traffic violations or similar violations);
         or (6) commission of a criminal offense that constitutes a felony in
         the jurisdiction in which the offense is committed.

                  (d)      "Change in Control" shall be deemed to have occurred
         (1) at such time as a third person, including a "group" as defined in
         Section 13(d)(3) of the Securities Exchange Act of 1934, as amended
         (the "Exchange Act"), becomes the beneficial owner of shares of the
         Company having 50% or more of the total number of votes that may be
         cast for the election of Directors of the Company, or (2) on the date
         on which the shareholders of the Company approve (i) any agreement for
         a merger or consolidation in which the Company will not survive as an
         independent corporation or (ii) any sale, exchange or other disposition
         of all or substantially all of the Company's assets, or (3) on the
         effective date of any sale, exchange or other disposition of greater
         than 50% in fair market value of the Company's assets. In determining
         whether clause (1) of the preceding

<PAGE>

         sentence has been satisfied, the third person owning shares must be
         someone other than a person or an Affiliate of a person that, as of
         January 1, 2002, was the beneficial owner of shares of the Company
         having 20% or more of the total number of votes that may be cast for
         the election of Directors of the Company. The reasonable determination
         of the Committee (as defined in Section 4.1 below) as to whether any
         one of the preceding events has occurred shall be final and conclusive.

                  (e)      "Code" shall mean the Internal Revenue Code of 1986,
         as amended.

                  (f)      "Common Stock" shall mean the Company's common stock,
         no par value, and any share or shares of the Company's capital stock
         hereafter issued or issuable in substitution for such shares.

                  (g)      "Derivative Securities" shall mean (i) options and
         warrants to purchase or rights to subscribe for Common Stock, (ii)
         securities by their terms convertible into or exchangeable for Common
         Stock, and (iii) options and warrants to purchase or rights to
         subscribe for such convertible or exchangeable securities; provided,
         however, that Derivative Securities shall not include Options granted
         hereunder.

                  (h)      "Director" shall mean a member of the Board of
         Directors.

                  (i)      "Incentive Stock Option" shall mean any option
         granted to an eligible employee under the Plan, which the Company
         intends at the time the option is granted to be an Incentive Stock
         Option within the meaning of Section 422 of the Code.

                  (j)      "Nonqualified Stock Option" shall mean any option
         granted to an eligible employee, Director or consultant under the Plan
         which is not an Incentive Stock Option.

                  (k)      "Option" shall mean and refer collectively to
         Incentive Stock Options and Nonqualified Stock Options.

                  (l)      "Option Agreement" means the agreement specified in
         Section 7.2.

                  (m)      "Optionee" shall mean any employee, Director or
         consultant who is granted an Option under the Plan. "Optionee" shall
         also mean the personal representative of an Optionee and any other
         person who acquires the right to exercise an Option by bequest or
         inheritance.

                  (n)      "Parent" shall mean a parent corporation of the
         Company as defined in Section 424(e) of the Code.

                  (o)      "Subsidiary" shall mean a subsidiary corporation of
         the Company as defined in Section 424(f) of the Code.

<PAGE>

                            SECTION 3: EFFECTIVE DATE

                  The effective date of the Plan is January 1, 2002. The
adoption of the Plan shall be submitted for approval and ratification by the
shareholders of the Company within 12 months of January 1, 2002.

                            SECTION 4: ADMINISTRATION

                  4.1      Administrative Committee. The Plan shall be
administered by a Committee appointed by and serving at the pleasure of the
Board of Directors, consisting of not less than two Directors (the "Committee").
Subject to the foregoing, the number of Directors comprising the Committee shall
be determined from time to time by the Board of Directors and may include the
total number of Directors serving on the Board of Directors. Unless otherwise
adopted by resolution of the Board of Directors, the initial Committee shall
consist of all members of the Board of Directors. The Board of Directors may
from time to time remove members from or add members to the Committee, and
vacancies on the Committee, howsoever caused, shall be filled by the Board of
Directors. In the event the Company becomes subject to the periodic reporting
requirements of the Exchange Act as a public company, the Committee shall be
composed of Directors satisfying any applicable requirements of Rule 16b-3 under
the Exchange Act.

                  4.2      Committee Meetings and Actions. The Committee shall
hold meetings at such times and places as it may determine. A majority of the
members of the Committee shall constitute a quorum, and the acts of the majority
of the members present at a meeting or a consent in writing signed by all
members of the Committee shall be the acts of the Committee and shall be final,
binding and conclusive upon all persons, including the Company, its
Subsidiaries, its shareholders, and all persons having any interest in Options
which may be or have been granted pursuant to the Plan.

                  4.3      Powers of Committee. The Committee shall have the
full and exclusive right to grant and determine terms and conditions of all
Options granted under the Plan and to prescribe, amend and rescind rules and
regulations for administration of the Plan. In granting Options, the Committee
shall take into consideration the contribution the Optionee has made or may make
to the success of the Company or its Subsidiaries and such other factors as the
Committee shall determine. Subject to the provisions of this Plan, the terms and
conditions of Options granted hereunder need not be the same. In order to foster
and promote achievement of the purposes of the Plan or to comply with provisions
of laws in other countries in which the Company or its Subsidiaries operate or
have employees or consultants, the Committee, in its discretion, shall have the
full power and authority (i) to determine which (if any) eligible individuals
rending services or employed outside the United States will receive any type of
Option or award hereunder; (ii) to determine which (if any) eligible non-United
States Subsidiaries or operations (e.g., branches, representative offices)
participate in any type of Option or award hereunder; (iii) to modify the terms
and conditions of any Option or award made to such eligible individuals, or with
respect to such eligible non-United States Subsidiaries or

<PAGE>

operations; and (iv) to establish subplans, rules, procedures and modified
exercise, payment and other terms to the extent deemed necessary, advisable or
appropriate by the Committee.

                  4.4      Interpretation of Plan. The reasonable and equitable
determination of the Committee as to any disputed question arising under the
Plan, including questions of construction and interpretation, shall be final,
binding and conclusive upon all persons, including the Company, its
Subsidiaries, its shareholders, and all persons having any interest in Options
which may be or have been granted pursuant to the Plan.

                  4.5      Indemnification. Each person who is or shall have
been a member of the Committee or of the Board of Directors shall be indemnified
and held harmless by the Company against and from any loss, cost, liability or
expense that may be imposed upon or reasonably incurred in connection with or
resulting from any claim, action, suit or proceeding to which such person may be
a party or in which such person may be involved by reason of any action taken or
failure to act under the Plan and against and from any and all amounts paid in
settlement thereof, with the Company's approval, or paid in satisfaction of a
judgment in any such action, suit or proceeding against him, provided such
person shall give the Company an opportunity, at its own expense, to handle and
defend the same before undertaking to handle and defend it on such person's own
behalf. The foregoing right of indemnification shall not be exclusive of, and is
in addition to, any other rights of indemnification to which any person may be
entitled under the Company's Articles of Incorporation or Bylaws, as a matter of
law, or otherwise, or any power that the Company may have to indemnify them or
hold them harmless.

                      SECTION 5: STOCK SUBJECT TO THE PLAN

                  5.1      Number. The maximum number of shares of Common Stock
which may be issued under Options granted pursuant to the Plan for any calendar
year during any part of which the Plan is in effect shall be ten percent (10%)
of the outstanding shares of Common Stock as of January 1 of such year. In
addition to the foregoing, until the Plan terminates pursuant to the terms
hereof, there shall also be available for the grant of Options pursuant to the
Plan a total of two hundred fifty thousand (250,000) shares of Common Stock. For
purposes of this Section 5.1, (i) shares of Common Stock issued upon exercise of
Options, and any shares of capital stock of the Company received in respect
thereof, whether by reason of a stock split, share reclassification, stock
dividend or otherwise, shall be included in determining the number of shares of
Common Stock outstanding, and (ii) shares of Common Stock deliverable upon
exercise or conversion of Derivative Securities shall be deemed to be
outstanding from the date of issuance of such Derivative Securities. No further
adjustment shall be made upon the exercise or conversion of any such Derivative
Securities. No adjustment shall be made (i) on the expiration of any Derivative
Securities without exercise or upon termination of any conversion right, or (ii)
in the event that the Company shall purchase or redeem any outstanding shares of
Common Stock, and the number of shares of Common Stock which may be issued under
Options granted pursuant to the Plan shall not be reduced as a result of any
such expiration, termination, purchase or redemption. Shares which may be issued
under Options may consist, in whole or in part, of authorized but unissued stock
or treasury stock of the Company not reserved for any

<PAGE>

other purpose. The Committee's reasonable determination as to the number of
shares of Common Stock available for issuance under the Plan shall be final and
conclusive.

                  5.2      Unused Stock. If any outstanding Option under the
Plan expires or for any other reason ceases to be exercisable, in whole or in
part, other than upon exercise of the Option, the shares which were subject to
such Option and as to which the Option had not been exercised shall continue to
be available under the Plan.

                  5.3      Adjustment for Change in Outstanding Shares. If there
is any change, increase or decrease, in the outstanding shares of Common Stock
which is effected without receipt of additional consideration by the Company, by
reason of a stock dividend, recapitalization, merger, consolidation, stock
split, combination or exchange of stock, or other similar circumstances, then in
each such event, appropriate adjustments with respect to the aggregate number of
shares of stock available under the Plan, the number of shares of stock subject
to each outstanding Option and the Option prices shall be deemed to be made in
order to prevent the dilution or enlargement of any Optionee's rights. In
connection with such adjustments, fractional shares shall be rounded to the
nearest whole share. In no event shall any adjustment made in the number of
shares available under the Plan duplicate any adjustment made pursuant to
Section 5.1. Any reasonable Committee determination confirming or approving any
adjustments shall be final and conclusive.

                  5.4      Reorganization or Sale of Assets. If the Company is
merged or consolidated with another corporation and the Company is not the
surviving corporation, or if all or substantially all of the assets of the
Company are acquired by another entity, or if the Company is liquidated,
reorganized or becomes all or part of a successor entity (each of such events
being referred to hereinafter as a "Reorganization Event"), the Committee shall,
as to outstanding Options (1) make appropriate provision for the substitution on
an equitable basis of appropriate stock options, capital stock or other property
of the Company, or of the merged, consolidated or otherwise reorganized
corporation or for the assumption by the merged, consolidated or otherwise
reorganized corporation, (2) provide that all unexercised Options that are
vested or exercisable shall be cashed out in exchange for cash, securities,
other property or any combination thereof, the fair market value (determined at
the time of the Reorganization Event) of which is equal to the difference, on a
per share basis, between the exercise price of the Common Stock under each
Option and the estimated fair market value of the cash, securities or other
property issuable or exchangeable in respect of the Common Stock pursuant to the
Reorganization Event, or (3) make such other appropriate and equitable
provisions as shall be set forth in the agreement or plan of merger,
consolidation, liquidation or reorganization related to the Reorganization
Event. The Committee may, in its sole discretion, in connection with any
Reorganization Event which does not also result in a Change in Control,
accelerate any vesting requirements or exercise dates with respect to any or all
outstanding Options on any basis and subject to such conditions as are deemed
acceptable to the Committee, which acceleration, whether in full or in part,
need not be the same with respect to all Optionees. In no event shall the
occurrence of such Reorganization Event have the effect of postponing or
delaying any vesting requirements with respect to any outstanding Options. The
Committee's determinations in making any acceleration shall be final and
conclusive.

<PAGE>

                             SECTION 6: ELIGIBILITY

                  All full-time and part-time employees of the Company and its
Subsidiaries shall be eligible to receive both Incentive Stock Options and
Nonqualified Stock Options under the Plan. Directors and consultants who are not
full-time employees of the Company or its Subsidiaries shall be eligible to
receive Nonqualified Stock Options, but not Incentive Stock Options, under the
Plan. Any Director who is otherwise eligible to participate, who makes an
election in writing not to receive any grants under the Plan, shall not be
eligible to receive any such grants during the period set forth in such
election.

                           SECTION 7: GRANT OF OPTIONS

                  7.1      Grant of Options. The Committee may from time to
time, in its sole discretion, determine which of the eligible employees,
Directors and consultants of the Company or its Subsidiaries should receive
Options, the type of Options to be granted (whether Incentive Stock Options or
Nonqualified Stock Options), the number of shares subject to such Options and
the dates on which such Options are to be granted. No employee may be granted
Incentive Stock Options to the extent that the aggregate fair market value
(determined as of the time each Option is granted) of the Common Stock with
respect to which any such Options are exercisable for the first time during a
calendar year (under all incentive stock option plans of the Company and its
Parent and Subsidiaries) would exceed $100,000.

                  7.2      Option Agreement. Each Option granted under the Plan
shall be evidenced by a written Option Agreement setting forth the terms upon
which the Option is granted. Each Option Agreement shall designate the type of
Options being granted (whether Incentive Stock Options or Nonqualified Stock
Options) and shall state the number of shares of Common Stock, as designated by
the Committee, to which that Option pertains. More than one Option may be
granted to an eligible person.

                  7.3      Exercise Price. The exercise price per share of
Common Stock under each Option shall be determined by the Committee and stated
in the Option Agreement. The option price for Incentive Stock Options granted
under the Plan shall not be less than 100% of the fair market value (determined
as of the day the Option is granted) of the shares subject to the Option. The
option price for Nonqualified Stock Options granted under the Plan shall not be
less than 85% of the fair market value (determined as of the day the Option is
granted) of the shares subject to the Option.

                  7.4      Determination of Fair Market Value. If the Common
Stock is listed upon an established stock exchange or exchanges, then the fair
market value per share shall be deemed to be the average of the quoted closing
prices of the Common Stock on such stock exchange or exchanges on the day for
which the determination is made, or if no sale of the Common Stock shall have
been made on any stock exchange on that day, on the next preceding day on which

<PAGE>

there was such a sale. If the Common Stock is not listed upon an established
stock exchange but is traded on The NASDAQ/AMEX Stock Market - National Market
System, the fair market value per share shall be deemed to be the closing price
of the Common Stock in the National Market System on the day for which the
determination is made, or if there shall have been no trading of the Common
Stock on that day, on the next preceding day on which there was such trading. If
the Common Stock is not listed upon an established stock exchange and is not
traded in the National Market System, the fair market value per share shall be
deemed to be the mean between the dealer "bid" and "ask" closing prices of the
Common Stock on The NASDAQ/AMEX Market - Small Cap System or in the
over-the-counter market on the day for which the determination is made, or if
there shall have been no trading of the Common Stock on that day, on the next
preceding day on which there was such trading. If none of these conditions
apply, the fair market value per share shall be deemed to be an amount as
determined in good faith by the Committee.

                  7.5      Duration of Options. Each Option shall be of a
duration as specified in the Option Agreement; provided, however, that the term
of each Option shall be no more than ten years from the date on which the Option
is granted and shall be subject to early termination as provided herein.

                  7.6      Additional Limitations on Grant. No Incentive Stock
Option shall be granted to an employee who, at the time the Incentive Stock
Option is granted, owns stock (as determined in accordance with Section 424(d)
of the Code) representing more than 10% of the total combined voting power of
all classes of stock of the Company or of any Parent or Subsidiary, unless the
option price of such Incentive Stock Option is at least 110% of the fair market
value (determined as of the day the Incentive Stock Option is granted) of the
stock subject to the Incentive Stock Option and the Incentive Stock Option by
its terms is not exercisable more than five years from the date it is granted.

                  7.7      Other Terms and Conditions. The Option Agreement may
contain such other provisions, which shall not be inconsistent with the Plan, as
the Committee shall deem appropriate, including, without limitation, provisions
that relate the Optionee's ability to exercise an Option to the passage of time
or the achievement of specific goals established by the Committee or the
occurrence of certain events specified by the Committee.

                         SECTION 8: EXERCISE OF OPTIONS

                  8.1      Manner of Exercise. Subject to the limitations and
conditions of the Plan or the Option Agreement, an Option shall be exercisable,
in whole or in part, from time to time, by giving written notice of exercise to
the Secretary of the Company, which notice shall specify the number of shares of
Common Stock to be purchased and shall be accompanied by (1) payment in full to
the Company of the purchase price of the shares to be purchased, plus (2)
payment in full of such amount as the Company shall determine to be sufficient
to satisfy any liability it may have for any withholding of federal, state,
local or foreign income, social insurance or other taxes incurred by reason of
the exercise of the Option, and (3) a Stock Restriction Agreement and/or
Shareholder Agreement meeting the requirements of Section 12.2 if requested by
the Company.

<PAGE>

                  8.2      Payment of Purchase Price. Payment for shares and
withholding taxes shall be in the form of (1) cash, (2) a certified or bank
cashier's check to the order of the Company, (3) shares of previously-held
Common Stock, properly endorsed to the Company, in an amount the fair market
value of which on the date of receipt by the Company (as determined in
accordance with Section 7.4) equals or exceeds the option price of the shares
with respect to which the Option is being exercised, if acceptable to the
Committee, in its sole discretion, (4) delivery (on a form prescribed by the
Committee) of an irrevocable direction to a securities broker or lender approved
by the Committee to sell or pledge shares of Common Stock and to deliver all or
a part of the sales or loan proceeds to the Company in payment of all or part of
the purchase price and any withholding taxes, or (5) in any combination of the
foregoing or in any other form or method approved by the Committee, in its sole
discretion, consistent with applicable laws and regulations. Upon the exercise
of any Option, the Company, in its sole discretion, may make financing available
to the Optionee for the payment of the purchase price on such terms and
conditions as the Committee shall specify.

                          SECTION 9: CHANGE IN CONTROL

                  Notwithstanding any vesting requirements contained in any
Option Agreement, upon the occurrence of a Change in Control the Committee may,
in its sole discretion, accelerate any vesting requirements or exercise dates
with respect to any or all outstanding Options on any basis and subject to such
conditions as are deemed acceptable to the Committee, which acceleration,
whether in full or in part, need not be the same with respect to all Optionees.
In no event shall the occurrence of a Change in Control have the effect of
postponing or delaying any vesting requirements with respect to any outstanding
Options. The Committee's determinations in making any acceleration shall be
final and conclusive.

                 SECTION 10: EFFECT OF TERMINATION OF EMPLOYMENT

                  10.1     Termination of Employment Other Than Upon Death,
Disability or For Cause. Upon termination of an Optionee's employment with the
Company or a Subsidiary other than upon death or disability (within the meaning
of Section 22(e)(3) of the Code) and other than for Cause, an Optionee may, at
any time within three months after the date of termination but not later than
the date of expiration of the Option, exercise the Option to the extent the
Optionee was entitled to do so on the date of termination. Any Options not
exercisable as of the date of termination and any Options or portions of Options
of terminated Optionees not exercised as provided herein shall terminate.

                  10.2     Termination By Death of Optionee. If an Optionee
shall die while in the employ of the Company or a Subsidiary or within a period
of three months after the termination of employment with the Company or a
Subsidiary under circumstances to which Section 10.1 apply, the personal
representatives of the Optionee's estate or the person or persons who shall

<PAGE>

have acquired the Option from the Optionee by bequest or inheritance may
exercise the Option at any time within the year after the date of death but not
later than the expiration date of the Option, to the extent the Optionee was
entitled to do so on the date of death. Any Options not exercisable as of the
date of death and any Options or portions of Options of deceased Optionees not
exercised as provided herein shall terminate.

                  10.3     Termination By Disability of Optionee. Upon
termination of an Optionee's employment with the Company or a Subsidiary by
reason of the Optionee's disability (within the meaning of Section 22(e)(3) of
the Code), the Optionee may exercise the Option at any time within one year
after the date of termination but not later than the expiration date of the
Option, to the extent the Optionee was entitled to do so on the date of
termination. Any Options not exercisable as of the date of termination and any
Options or portions of Options of disabled Optionees not exercised as provided
herein shall terminate.

                  10.4     Termination of Directors and Consultants. For
purposes of this Section 10, a termination of employment shall be deemed to
include the termination of a Director's service as a member of the Board of
Directors and the termination of a consulting arrangement in the case of
consultants.

                  10.5     Other Terminations. Subject to the provisions of
Section 10.6 below, upon termination of an Optionee's employment with the
Company or a Subsidiary under circumstances other than those set forth in
Sections 10.1, 10.2 or 10.3, including without limitation a termination for
Cause, Options granted to the Optionee shall terminate immediately.

                  10.6     Extension of Option Termination Date. The Committee,
in its sole discretion, may extend the termination date of an Option granted
under the Plan without regard to the preceding provisions of this Section 10. In
such event, the termination date shall be a date selected by the Committee, in
its sole discretion, but not later than the latest expiration date of the
Option. Such extension may be made by resolution duly adopted by the Committee,
in the Option Agreement as originally executed or by amendment to the Option
Agreement, either prior to or following termination of an Optionee's employment.
The Committee shall have no power to extend the termination date of an Incentive
Stock Option beyond the periods provided in Sections 10.1, 10.2 and 10.3 prior
to the termination of the Optionee's employment or without the approval of the
Optionee, which may be granted or withheld in the Optionee's sole discretion.
Any extension of the termination date of an Incentive Stock Option shall be
deemed to be the grant of a new Option for purposes of the Code.

                    SECTION 11: NON-TRANSFERABILITY OF OPTION

                  Options granted pursuant to the Plan are not transferable by
the Optionee other than by will or the laws of descent and distribution and
shall be exercisable during the Optionee's lifetime only by the Optionee. Upon
any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of the
Option contrary to the provisions hereof, or upon the levy of any attachment or
similar process upon the Option, the Option shall immediately become null and
void.

<PAGE>

                         SECTION 12: ISSUANCE OF SHARES

                  12.1     Transfer of Shares to Optionee. As soon as
practicable after the Optionee has given the Company written notice of exercise
of an Option and has otherwise met the requirements of Section 8.1, the Company
shall issue or transfer to the Optionee the number of shares of Common Stock as
to which the Option has been exercised and shall deliver to the Optionee a
certificate or certificates therefor, registered in the Optionee's name. In no
event shall the Company be required to transfer fractional shares to the
Optionee, and in lieu thereof, the Company may pay an amount in cash equal to
the fair market value (as determined in accordance with Section 7.4) of such
fractional shares on the date of exercise. If the issuance or transfer of shares
by the Company would for any reason, in the opinion of counsel for the Company,
violate any applicable federal, state or foreign laws or regulations, the
Company may delay issuance or transfer of such shares to the Optionee until
compliance with such laws can reasonably be obtained.

                  12.2     Stock Restriction Agreement and/or Shareholder
Agreement. Upon request by the Company, the Optionee shall execute and deliver
to the Company a Stock Restriction Agreement and/or Shareholder Agreement in
such form as the Company may reasonably provide at the time of exercise of the
Option. Such Agreements may include, certain restrictions upon the Optionee's
right to transfer shares, including the creation of an right of first refusal in
the Company and its shareholders. Upon such request, execution of the Stock
Restriction Agreement and/or Shareholder Agreement by the Optionee prior to the
transfer or delivery of any shares and prior to the expiration of the option
period shall be a condition precedent to the right to purchase such shares,
unless such condition is expressly waived in writing by the Company.

                             SECTION 13: AMENDMENTS

                  The Board of Directors may at any time and from time to time
alter, amend, suspend or terminate the Plan or any part thereof as it may deem
proper, except that no such action shall diminish or impair the rights under an
Option previously granted. Unless the shareholders of the Company shall have
given their approval, the total number of shares for which Options may be issued
under the Plan shall not be increased, except as provided in Sections 5.1 and
5.3, and no amendment shall be made which reduces the price at which the Common
Stock may be offered under the Plan below the minimum required by Section 7.3,
except as provided in Section 5.3, or which materially modifies the requirements
as to eligibility for participation in the Plan. Subject to the terms and
conditions of the Plan, the Board of Directors may modify, extend or renew
outstanding Options granted under the Plan, or accept the surrender of
outstanding Options to the extent not theretofore exercised and authorize the
granting of new Options in substitution therefor, except that no such action
shall diminish or impair the rights under an Option previously granted without
the consent of the Optionee.

                            SECTION 14: TERM OF PLAN

<PAGE>

                  This Plan shall terminate on May 1, 2012; provided, however,
that the Board of Directors may at any time prior thereto suspend or terminate
the Plan.

                        SECTION 15: RIGHTS AS SHAREHOLDER

                  An Optionee shall have no rights as a shareholder of the
Company with respect to any shares of Common Stock covered by an Option until
the date of the issuance of the stock certificate for such shares.

                        SECTION 16: NO EMPLOYMENT RIGHTS

         Nothing contained in this Plan or in any Option granted under the Plan
shall confer upon any Optionee any right with respect to the continuation of
such Optionee's employment by the Company or any Subsidiary or interfere in any
way with the right of the Company or any Subsidiary, subject to the terms of any
separate written employment agreement to the contrary, at any time, for any or
no reason, to terminate such employment or to increase or decrease the
compensation of the Optionee from the rate in existence at the time of the grant
of the Option.

                            SECTION 17: GOVERNING LAW

                  This Plan, and all Options granted under this Plan, shall be
construed and shall take effect in accordance with the laws of the State of
Delaware, without regard to the conflicts of laws rules of such State.

                  ADOPTED this 1st day of January, 2002.

                                            LightFirst, Inc.

                                            ____________________________________
                                            Martin P. Gilmore, President and
                                            Chief Executive Officer

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