Document:

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                                                                     Exhibit 4.6

                                 SAMPLE INTERAMERICAS COMMUNICATIONS CORPORATION
                                                 EMPLOYEE STOCK OPTION AGREEMENT

Neither this Option nor the Common Stock to be issued upon exercise hereof, has
been registered under the Securities Act of 1993, as amended, (The "Act"), or
qualified under any state securities law (the "Law"), and this Option has been,
and the Common Stock to be issued upon exercise hereof will be, acquired for
investment and not with a view to, or for resale in connection with, any
distribution thereof. No such sale or other disposition may be made without an
effective registration statement under the Act and qualification under the law
related thereto or an opinion of counsel reasonably satisfactory to Theodore
Games, Inc. and its counsel, that said registration and qualifications are not
required under the Act and Law, respectively.

                    INTERAMERICAS COMMUNICATIONS CORPORATION

                             STOCK OPTION AGREEMENT

         This stock option (the "Option" or the "Agreement") is being granted
pursuant to certain resolutions of the Board of Directors of InterAmericas
Communications Corporation, (the "COMPANY") dated [                 ].

     I.       NOTICE OF STOCK OPTION GRANT

              Optionee:

              [ ]

         You have been granted an option to purchase Common Stock of
InterAmercias Communications Corporation (the "COMPANY"). This option shall be
subject to the following terms and conditions:

              Date of Grant                            [ ]

              Exercise Price Per Share                 [ ]

              Number of Shares Granted                 [ ]

              Type of Option:                          [ ]

              Expiration Date:                         [ ]

              VESTING SCHEDULE:
              ----------------

              [ ]
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              EXERCISE PRICE:
              --------------

           The Exercise Price of this Option is [ ] per share.

     II.      AGREEMENT

              1.         GRANT OF OPTION. The Company hereby grants to the
                         Optionee named in the Notice of Grant attached as Part
                         I of this agreement (the "Optionee"), an option (the
                         "Option") to purchase the number of shares ("Shares"),
                         as set forth in the Notice of Grant, at the exercise
                         price per share set forth in the Notice of Grant (the
                         "Exercise Price"), subject to the terms and conditions
                         set forth therein.

              2.         EXERCISE OF OPTION.

                        (a) RIGHT TO EXERCISE. This option is exercisable during
         its term in accordance with the Vesting Schedule set forth in the
         Notice of Grant and the applicable provisions of the Option Agreement.
         In the event of Optionees's death, Disability or other termination of
         Optionee's employment or consulting relationship, the exercisability of
         the Option is governed by the applicable provisions of this Agreement.

                        (b) METHOD OF EXERCISE. This option is exercisable by
         delivery of an exercise notice, in the form of Exhibit A (the "Exercise
         Notice"), which shall state the election to exercise the Option, the
         number of Shares in respect of which the Option is being exercised (the
         "Exercised Shares"), and such other representations and agreements as
         may be required by the Company. The Exercise Notice shall be signed by
         the Optionee and shall be delivered in person or by certified mail to
         the Secretary of the Company. The Exercise Notice shall be accompanied
         by payment of the aggregate Exercise Price as to all Exercised Shares.
         This Option shall be deemed to be exercised upon receipt by the Company
         of such fully executed Exercise Notice accompanied by such aggregate
         Exercise Price.

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

                       (a) Cash;
                       (b) Check
                       (c) In lieu of exercising this Option by delivery of cash
                           or check, the Optionee may make a valid Option
                           exercise by electing to receive shares equal to the
                           value of this Option (or the portion thereof being
                           canceled) by surrendering this Option at the
                           principal office of the Company together with the
                           Exercise Notice (a "Net Exercise"), in which event
                           the Company shall transfer to the Optionee a number
                           of Shares computed using the following formula:

                           X        =       Y (A-B)
                                            -------
                                               A

                                      2
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         Where             X        =        the number of Option Shares to be
                                             issued to such Optionee.

                           Y        =        the number of Option Shares
                                             purchasable by such Optionee under
                                             this Option Agreement the rights to
                                             which are surrendered pursuant to
                                             the Net Exercise.

                           A        =        the Fair Market Value of one Option
                                             Share, (as determined by the
                                             average bid and ask price per share
                                             of the Company stock as quoted on
                                             the OTC Bulletin Board or other
                                             national exchange upon which the
                                             Company's stock is quoted).

                           B        =        the Exercise Price (as adjusted to
                                             the date of such calculation).

4.       REGISTRATION UNDER THE SECURITIES ACT.

                  (a) PIGGY BACK RIGHTS. If at any time the Company shall
         propose to file with the Securities and Exchange  Commission (the
         "Commission") on behalf of the Company or any other stockholder a
         registration statement under the Securities Act, with respect to any
         class of security (as defined in Section 3(a)(10) of the Securities
         Exchange Act of 1934, as amended (the "EXCHANGE ACT"), other than a
         registration statement approved by the Board of Directors on Form S-4
         or S-8 as the Commission may from time to time require, the Company
         shall in each case timely notify the Optionee and include in such
         registration statement any or all of the Option Shares as the Optionee
         may request within twenty (20) days after the Company's giving of such
         notice, subject to the conditions set forth herein.

                  (b) DEMAND RIGHTS. Provided that the Company is eligible to
         file a registration statement on Form S-3, if at any time after the
         date of this Agreement the Company shall receive from the Optionee a
         written request that the Company effect a registration on form S-3 to
         permit the sale or disposition of the Shares, the Company shall file a
         registration statement on form S-3 as expeditiously as possible
         covering the Shares.

                  (c) DUTIES OF COMPANY. In connection with the preparation and
         filing of a registration statement, the Company agrees to (i) use its
         best efforts to cause such registration statement to become and remain
         effective; (ii) furnish to the Optionee such number of copies of a
         prospectus, including a preliminary prospectus, in conformity with the
         requirements of the Securities Act, and such other documents as
         Optionee may reasonably request in order to facilitate the disposition
         of the Shares; and (iii)use its best efforts to register and qualify
         the shares in such jurisdictions as shall be identified by the Optionee
         for the distribution of the securities covered by the registration
         statement.

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                  (d) INDEMNIFICATION BY OPTIONEE.  To the extent permitted by
         law, Optionee will indemnify and hold harmless the  Company, and its
         directors, officers, employees, agents and representatives, as well as
         its controlling persons (within the meaning of the Securities Act)
         against any losses, claims, damages, liabilities, or expenses,
         including without limitation, attorneys' fees and disbursements, which
         arise out of or are based upon any violation by Optionee of the
         Securities Act or any rule or regulation promulgated thereunder
         applicable to Optionee or arise out of or are based upon any untrue
         statement of any material fact contained in the registration statement,
         or arise out of or are based upon the omission or alleged omission to
         state therein a material fact required to be stated therein or
         necessary to make the statements therein not misleading, but only to
         the extent that such untrue statement or alleged untrue statement or
         omission, or alleged omission was made in such registration statement
         in reliance upon and in conformity with information furnished by
         Optionee in writing expressly for use in connection with such
         registration statement.

                  (e) INDEMNIFICATION BY COMPANY.  To the extent permitted by
         law, Optionee will indemnify and hold harmless the Company, and its
         directors, officers, employees, agents and representatives, as well as
         its controlling persons (within the meaning of the Securities Act)
         against any losses, claims, damages, liabilities, or expenses including
         without limitation, attorneys' fees and disbursements, which arise out
         of or are based upon any violation by Optionee of the Securities Act to
         the extent that any losses, claims, damages or liabilities to arise out
         of or are based upon any untrue or alleged untrue  statement of
         material fact contained in the registration statement, or arise out of
         or are based upon the omission or alleged omission to state therein a
         material fact required to be stated therein or necessary to make the
         statements therein misleading, or arise out of any violation by the
         Company of any rule  or regulation promulgated under the Securities Act
         applicable to the Company and relating to action or inaction required
         of the Company in connection with such registration statement;
         provided, however, that the indemnity agreement contained in this
         paragraph shall not apply to any loss, damage, or liability to the
         extent that same arises out of or is based upon any untrue statement or
         omission made in connection with such registration statement in
         reliance upon and in conformity with information furnished in writing
         expressly for use in connection with such registration statement by
         Optionee.

                  (f) UNDERTAKING BY OPTIONEE. Optionee undertakes to comply
         with all applicable Laws governing the distribution of securities in
         connection with Optionee's sale of the Shares, and to notify the
         Company of any changes in Optionee's plan of distribution so that the
         Company can sticker or amend the registration statement as the Company
         deems appropriate in its sole discretion.

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

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

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7.       TERMINATION OF OPTION. The Option shall terminate under the
         following circumstances:

                (a) The Option shall terminate on the Expiration Date;

                (b) The Option shall terminate three months after the Optionee's
                    termination of employment;

                (c) If the Optionee dies before the Option terminates
                    pursuant to paragraph 6(a) or 6(b), above, the Option shall
                    terminate on the earlier of (i) the date on which the
                    Option would have lapsed had the Optionee lived and had his
                    employment status (i.e., whether the Participant was
                    employed by the Company on the date of his death or had
                    previously terminated employment) remained unchanged; or
                    (ii) 15 months after the date of the Optionee's death.  Upon
                    the Optionee's death, any exercisable Options may be
                    exercised by the Optionee's legal representative or
                    representatives, by the person or persons entitled to do so
                    under the Optionee's last will and testament, or, if the
                    Optionee shall fail to make testamentary disposition of the
                    Option or shall die intestate, by the person or persons
                    entitled to receive said Option under the applicable laws of
                    descent and distribution.

8.       DILUTION PROTECTION.

                (a) In the event the Company shall (i) declare a
                    dividend on its Common Stock in shares of Common Stock
                    or make a distribution in shares of Common Stock, (ii)
                    declare a stock split or reverse stock split of its
                    outstanding shares of Common Stock, (iii) combine its
                    outstanding shares of Common Stock into a smaller number of
                    shares of Common Stock or (iv) issue by reclassification of
                    its shares of Common Stock other securities (including any
                    such reclassification in connection with a consolidation or
                    merger in which the Company or any of its subsidiaries is
                    the continuing corporation), then the number of shares of
                    Common Stock of the Company, deliverable to Holder hereunder
                    and the exercise price related thereto shall be adjusted so
                    that the Holder shall be entitled to receive the kind and
                    number of shares of Common Stock of the Company which the
                    Holder has the right to receive, upon the happening of any
                    of the events described above, with the respect to the
                    shares of the Company stock which were otherwise deliverable
                    pursuant hereto. An adjustment made pursuant to this
                    paragraph shall become effective immediately after the
                    effective date of such event;

                (b) Whenever the number of Shares or the exercise
                    price of this Option is adjusted pursuant to this
                    paragraph, the Company shall promptly mail by first class
                    mail, postage prepaid, to Holder, notice of such adjustment
                    or adjustments.

9.       AVAILABILITY OF COMPANY STOCK.  The Company hereby
         agrees and covenants that at all times during the Exercise Period it
         shall  reserve for issuance a sufficient number of shares of common
         stock as would be required upon full exercise of the rights represented
         by this agreement.

10.      NO RIGHT TO EMPLOYMENT.  Nothing in this agreement shall interfere
         with or limit in any way the right of the Company to terminate the
         Optionee's employment at any time, nor confer upon the Optionee any
         right to continue in the employment of the company or any Subsidiary.

11.      TAX CONSEQUENCES.  Some of the federal income tax
         liability upon relating to this Option, as of date of this
         Option, are set forth below.  THIS SUMMARY IS NECESSARILY INCOMPLETE,
         AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.  THE OPTIONEE
         SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR
         DISPOSING OF THE SHARES.

                (a) EXERCISING THE OPTION. The Optionee may incur regular
                    federal income tax liability upon exercise of the Option.
                    The Optionee will be treated as having received
                    compensation income (taxable at ordinary income tax rates)
                    equal to the excess, if any, of the Fair Market Value of
                    the Exercised Shares on the date of exercise over their
                    aggregate Exercise Price. If the Optionee is an Employee,
                    the Company will be required to withhold from his or her
                    compensation or collect from Optionee and pay to the
                    applicable taxing authorities an amount equal to a
                    percentage of this compensation income at the time of
                    exercise

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

12.      GOVERNING LAW. This Agreement is governed by the laws of the State of
         Texas.

         IN WITNESS WHEREOF, this Agreement is executed this [ ] day of [ ].

                           INTERAMERICAS COMMUNICATION CORPORATION

                           By:______________________

                           OPTIONEE:

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

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                                    EXHIBIT A

                    INTERAMERICAS COMMUNICATIONS CORPORATION

                                 EXERCISE NOTICE

InterAmericas Communications Corporation
2655 LeJeune Road, #500
Coral Gables, FL 33134

                  1. EXERCISE OF OPTION. Effective as of today, ___________,
the undersigned ("Purchaser") hereby elects to purchase __ shares (the "shares")
of the Common Stock of InterAmericas Communications Corporation (the "Company")
under and pursuant to the Stock Option Agreement dated [ ] (the "Option
Agreement"). The purchase price for the Shares shall be as set forth in the
Option Agreement, as adjusted.

                  2. DELIVERY OF PAYMENT. Purchaser herewith delivers to the
Company the full purchase price for the Shares (either in cash, check or through
a Net Exercise as defined in the Option Agreement.)

                  3. REPRESENTATIONS OF PURCHASER. Purchaser acknowledges that
Purchaser has received, read and understood the Option Agreement and agrees to
abide by and be bound by its terms and conditions.

                  4. RIGHTS AS SHAREHOLDERS. Until the issuance (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company) of the stock certificate evidencing such Shares,
no right to vote or receive dividends or any other rights as a shareholder shall
exist with respect to the Optioned Stock, notwithstanding the exercise of the
Option. A share certificate for the number of Shares so acquired shall be issued
to the Optionee as soon as practicable after exercise of the Option.

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

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                  6. ENTIRE AGREEMENT. The Option Agreement is incorporated
herein by reference. This Exercise Notice and the Option Agreement constitute
the entire agreement of the parties and supersede in their entirety all prior
undertakings and agreements of the Company and Optionee with respect to the
subject matter hereof.

Submitted by:                                        Accepted by:

OPTIONEE:                                            INTERAMERICAS
                                                     COMMUNICATIONS
                                                     CORPORATION

____________________                                 By: ____________________

                                                     Its:_____________________
ADDRESS:

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

                                       7<PAGE>   1

                                                                     Exhibit 4.7

                        SAMPLE INTERAMERICAS COMMUNICATIONS CORPORATION DIRECTOR
                                                          STOCK OPTION AGREEMENT

                             STOCK OPTION AGREEMENT

         THIS STOCK OPTION AGREEMENT (the "Agreement") is dated as of the ______
day of _____________________, _______ (the "Grant Date"), by and between
_______________________________ (the "Grantor") and Interamericas Communications
Corporation (the "Optionee").

                              W I T N E S S E T H:

         WHEREAS, in consideration of prior services and services to be rendered
by the Optionee to the Grantor and certain promises made by the Optionee to the
Grantor, the Grantor desires to grant the Optionee an option of purchase
____________________________  shares of Common Stock, par value $______ per
share ("Common Stock"), of the Grantor, upon the terms and subject to the
conditions hereinafter set forth.

         NOW THEREFORE, the Grantor hereby agrees, for the benefit of the
Optionee, as follows:

         SECTION 1. GRANT OF OPTION. Subject to the provisions of this
Agreement, the Grantor hereby grants to the Optionee a non-qualified stock
option (the "Option") (subject to Section 7 hereof) to purchase from the Grantor
________________________ shares of Common Stock (after the exercise of the
Option and the acquisition of the shares, the "Option Shares"), at the price of
$_______ per whole share (the "Option Price").

         SECTION 2. ERCISE OF OPTION.

                  (a) VESTING; METHOD OF EXERCISE. The Option may be exercised
in whole or in part at any time commencing on _______________________ and ending
on the tenth anniversary hereof (the "Expiration Date"), unless sooner
terminated as set forth herein, by the Optionee's delivering to the Grantor a
written notice specifying the number of the Option Shares that the Optionee
wishes to purchase pursuant to the Option and tendering the Option Price
multiplied by the number of such Option Shares. The Option Price of any Option
Shares purchased shall be paid in cash, by certified or official bank check or
by money order. In lieu of exercising this Option by delivery of cash or check,
the Optionee may make a valid Option exercise by electing to receive Option
Shares equal to the value of this Option (or the portion thereof being canceled)
by surrendering this Option at the principal office of the Company together with
the Exercise Notice (a "Net Exercise"), in which event the Company shall
transfer to the Optionee a number of Option Shares computed using the following
formula:

                           X     =      Y (A-B)
                                        -------
                                           A

                  Where    X     =      the number of Option Shares to be issued
                                        to such Optionee.

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                           Y     =      the number of Option Shares purchasable
                                        by such Optionee under this Option
                                        Agreement, the rights to which are
                                        surrendered pursuant to the Net
                                        Exercise.

                           A     =      the fair market value of the one Option
                                        Share, (as determined by the closing
                                        price per share of Common Stock as
                                        quoted on Nasdaq or other national
                                        exchange upon which the Company's Common
                                        Stock is quoted).

                           B     =      the Option Price (as adjusted to the
                                        date of such calculation).

         The Optionee shall be deemed to be a holder of the Option Shares
immediately upon, and to the extent of, the exercise of this Option as set forth
above.

                  (b) NUMBER OF SHARES EXERCISABLE. Each exercise of an Option
hereunder shall reduce the total number of Option Shares that may thereafter be
purchased under this Option.

         SECTION 3. SHARE CERTIFICATES. Upon each exercise of the right to
purchase Option Shares pursuant to this Option, the Grantor shall cause one or
more stock certificates evidencing the Optionee's ownership of the option Shares
to be issued to the Optionee. A legend in substantially the form set forth below
shall be placed upon each stock certificate representing the Option Shares:

                      "THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE HAVE
                      NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
                      AMENDED ("ACT"), OR THE SECURITIES LAWS OF ANY STATE OR
                      OTHER JURISDICTION, INCLUDING THE FLORIDA SECURITIES ACT,
                      AND ARE RESTRICTED SECURITIES AS THAT TERM IS DEFINED
                      UNDER RULE 144 PROMULGATED UNDER THE ACT. THESE SHARES MAY
                      NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR
                      OTHERWISE DISPOSED OF IN ANY MANNER (A "TRANSFER") UNLESS
                      THEY ARE REGISTERED UNDER THE ACT AND THE SECURITIES LAWS
                      OF ALL APPLICABLE STATES AND OTHER JURISDICTIONS OR UNLESS
                      THE REQUEST FOR TRANSFER IS ACCOMPANIED BY A FAVORABLE
                      OPINION OF THE COUNSEL SATISFACTORY TO THE ISSUER, STATING
                      THAT SUCH TRANSFER WILL NOT RESULT IN A VIOLATION OF SUCH
                      LAWS."

         SECTION 4. ANTI-DILUTION PROVISIONS.

                  (a) ADJUSTMENT FOR RECAPITALIZATION. If the grantor shall at
any time subdivide its outstanding shares of Common Stock by recapitalization,
reclassification or split-up thereof, or if the Grantor shall declare a stock
dividend or distribute shares of Common Stock to its stockholders, the number of
Option Shares then subject to this Option immediately prior to such subdivision
shall be proportionately increased and the exercise price shall be
proportionately decreased, and if the Grantor shall at any time combine the
outstanding shares of Common Stock by recapitalization, reclassification or
combination thereof, the number of option shares then subject to this Option
immediately prior to such combination shall be proportionately decreased and the
exercise price shall be proportionately increased. Any such adjustments pursuant
to this Section 4(a) shall be effective at the close of business on the

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effective date of such subdivision or combination or if any adjustment is the
result of a stock dividend or distribution then the effective date for such
adjustment based thereon shall be the record date therefore.

                  (b) ADJUSTMENT FOR REORGANIZATION, CONSOLIDATION, MERGER, ETC.
In case of any reorganization of the grantor or in case the Grantor shall
consolidate with or merge into another corporation or convey all or
substantially all of its assets to another corporation, then, and in each such
case, the Optionee upon the exercise of this Option at any time after the
consummation of such reorganization, consolidation, merger or conveyance, shall
be entitled to receive, in lieu of the Option Shares issuable upon the exercise
of this Option prior to such consummation, the securities or property to which
the Optionee would have been entitled upon such consummation if the Optionee had
exercised this Option immediately prior thereto; in each such case, the terms of
this Option shall be applicable to the securities or property receivable upon
the exercise of this Option after such consummation.

                  (c) NO ADJUSTMENT FOR STOCK ISSUANCES. Except as otherwise
expressly provided herein, the issuance by the Grantor of shares of its capital
stock of any class, or securities convertible into shares of capital stock of
any class, either in connection with the direct sale or upon the exercise of
rights or warrants to subscribe therefore, or upon conversion of shares or
obligations of the Grantor convertible into such shares or other securities,
shall not affect this Option, and no adjustment by reason thereof shall be made
with respect to the number of or exercise price of Option Shares then subject to
this Option.

                  (d) NO EFFECT ON CORPORATE ACTIONS. Without limiting the
generality of the foregoing, the existence of this Option shall not affect in
any manner the right or power of the Grantor to approve or the Grantor to make,
authorize or consummate (i) any or all adjustments, recapitalizations,
reorganizations or other changes in the Grantor's capital structure or its
business; (ii) any merger or consolidation of the Grantor; (iii) any issuance by
the Grantor of debt securities, or preferred or preference stock that would rank
above the Option Shares subject to outstanding Options; (iv) the dissolution of
the Grantor; (v) any sale, transfer or assignment of all or any part of the
assets or business of the Grantor or (vi) any other corporate act or proceeding,
whether of a similar character or otherwise.

                  (e) IMMEDIATE EXERCISE OF OPTION. Unless otherwise provided
herein, each outstanding Option shall become immediately fully exercisable upon
the following:

                           (i) If there occurs any transaction (which shall
include a series of transactions occurring within 60 days or occurring pursuant
to a plan), that has the result that stockholders of the Company immediately
before such transaction cease town at least 51 percent of the voting stock of
the Company or of any entity that results from the participation of the Company
in a reorganization, consolidation, merger, liquidation or any other form of
corporate transaction;

                           (ii) If the stockholders of the Company shall approve
a plan of merger, consolidation, reorganization, liquidation or dissolution in
which the Company does not survive (unless the approved merger, consolidation,
reorganization, liquidation or dissolution is subsequently abandoned);

                           (iii) If the stockholders of the Company shall
approve a plan for the sale, lease, exchange or other disposition of all or
substantially all the property and assets of the Company (unless such plan is
subsequently abandoned); or

                           (iv) upon the death of the Optionee.

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         SECTION 5. BINDING EFFECT. The terms of this Option Agreement shall be
binding upon the executors, administrators, heirs, successors and assigns of the
Optionee.

         SECTION 6. TERMINATION OF OPTION. The Option shall terminate under the
following circumstances:

                  (a) The Option shall terminate on the Expiration Date;

                  (b) The Option shall terminate 24 months after the Optionee's
termination of employment and ceases to be a director of the Company;

                  (c) If the Optionee dies before the Option terminates pursuant
to Section 6(a) or 6(b), above, the Option shall terminate on the earlier of (i)
the date on which the Option would have lapsed had the Optionee lived and had
his employment status (i.e., whether the Optionee was employed on the date of
his death or had previously terminated employment) remained unchanged; or (ii)
24 months after the date of the Optionee's death. Upon the Optionee's death, any
exercisable Options may be exercised by the Optionee's legal representative or
representatives, by the person or persons entitled to do so under the Optionee's
last will and testament, or, if the Optionee shall fail to make testamentary
disposition of the Option or shall die in testate, by the person or persons
entitled to receive said Option under the applicable laws of descent and
distribution.

         SECTION 7. APPROVAL OF STOCK OPTION PLAN. The Company intends, at its
next Annual Meeting of Stockholders (the "Annual Meeting"), to submit for
stockholder consideration and approval its Stock Option Plan (the "Plan"). In
the event that the Plan is approved by the Company's stockholders, then this
Option shall be deemed to be an Incentive Stock Option (within the meaning of
the Internal Revenue Code of 1986, as amended, (the "Code") have been granted
under and pursuant to the Plan. If, however, the Plan is not so approved t the
Annual Meeting, then this Option shall be deemed to be a non-qualified stock
option (which means any option which is not an Incentive Stock Option under the
Code).

         SECTION 8. NO RIGHTS AS SHAREHOLDER. The Optionee shall have no rights
as a shareholder in respect to the Option Shares as to which the Option shall
not have been exercised and payment made as herein provided.

         SECTION 9. ISSUANCE OF SHARES. As a condition of any sale or issuance
of Option Shares upon exercise of this Option, the Grantor may require such
agreements or undertakings, if any, as the Grantor may deem necessary or
advisable to assure compliance with any such applicable securities or other law
or regulation including, but not limited to, the following:

                  (a) a representation and warranty by the Optionee to the
Grantor, at the time this Option is exercised, that he is acquiring the Option
Shares to be issued to him for investment and not with a view to, or for sale in
connection with, the distribution of any such Option Shares; and

                  (b) a representation, warranty and/or agreement to be bound by
any legends that are, in the opinion of the grantor, necessary or appropriate to
comply with the provision s of any securities law deemed by the Grantor to be
applicable to the issuance of the Option Shares and are endorsed upon the Option
Share certificates.

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         SECTION 10. MISCELLANEOUS PROVISIONS.

                  (a) NOTICES. Unless otherwise specifically provided herein,
all notices to be given hereunder shall be in writing and sent to the parties by
certified mail, return receipt requested, to each party's respective address as
set forth in the books and records of the Grantor, or to such other address as
such party shall give to the other party hereto by a notice given in accordance
with this Section. Except as otherwise provided in this Agreement, notice shall
be effective when deposited in the United States mails properly addressed and
postage prepaid. If such notice is sent other than by the United States mails,
such notice shall be effective when actually received by the party being
notified.

                  (b) ASSIGNMENT. This Agreement may not be assigned in whole or
in part by the Optionee.

                  (c) FURTHER ASSURANCES. The Optionee shall execute and deliver
such other instruments and do such other acts as may be necessary to effectuate
the intent and purposes of this Agreement.

                  (d) CAPTIONS. The captions contained in this Agreement are
inserted only as a matter of convenience and in no way define, limit, extend or
prescribe the scope of this Agreement or the intent of any of the provisions
hereof.

                  (e) COMPLETENESS AND MODIFICATION. This Agreement constitutes
the entire understanding between the parties hereto and supersedes all prior and
contemporaneous agreements or understandings among the parties hereto concerning
the grant by the Grantor to the Optionee of stock options and shall not be
terminated or amended except in writing executed by each of the parties hereto.

                  (f) WAIVER. The waiver of a breach of any term or condition of
this Agreement shall not be deemed to constitute the waiver of any other breach
or the same or any other term or condition.

                  (g) SEVERABILITY. The invalidity or unenforceability, in whole
or in part, of any covenant, promise or undertaking, or any section, subsection,
paragraph, sentence, clause, phrase or word or of any provisions of this
Agreement shall not affect the validity or enforceability of the remaining
portions thereof.

                  (h) CONSTRUCTION. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of Florida without
regard to any conflict of law rule or principle that would result in the
application of the laws of another jurisdiction.

                  (i) BINDING EFFECT. This Agreement shall be binding upon and
inure to the benefit of the heirs, successors, estate and personal
representatives of the Optionee and the Grantor.

                                       5
<PAGE>   6

         IN WITNESS WHEREOF, the Grantor has executed this Agreement for the
benefit of the Optionee as of the date first above written.

                                    GRANTOR:

                                    INTERAMERICAS COMMUNICATIONS CORPORATION

                                    By:  _______________________________________
                                         Name:
                                         Title:

                                    OPTIONEE:

                                    By:  _______________________________________
                                         Name:
                                         Title:

                                       6
<PAGE>   7

                                    EXHIBIT A

         COMPANY NAME: INTERAMERICAS COMMUNICATIONS CORPORATION

                                 EXERCISE NOTICE

**Company Name & Address**

         SECTION 1. EXERCISE OF OPTION. Effective as of today,
_______________________, the undersigned ("Purchaser") hereby elects to
purchase ____________ shares (the "Shares") of the Common Stock of
____________________ (the "Company") under and pursuant to the Stock Option
Agreement date _________________ (the "option Agreement"). The purchase price
for the Shares shall be as set forth in the Option Agreement, as adjusted.

         SECTION 2. DELIVERY OF PAYMENT. Purchaser herewith delivers to the
Company the full purchase price for the Shares (either in cash, certified or
official bank check, money order, or by the delivery of Shares).

         SECTION 3. REPRESENTATIONS OF PURCHASER. Purchaser acknowledges that
Purchaser has received, read and understood the Option Agreement and agrees to
abide by and be bound by its terms and conditions.

         SECTION 4. RIGHTS AS STOCKHOLDER. Until the issuance (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company) of the stock certificate evidencing such Shares,
no right to vote or receive dividends or any other rights as a shareholder shall
exist with respect to the Optioned Stock, notwithstanding the exercise of the
Option. A share certificate for the number of Shares so acquired shall be issued
to the Optionee as soon as practicable after exercise of the Option.

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

         SECTION 6. ENTIRE AGREEMENT. The Option Agreement is incorporated
herein by reference. This Exercise Notice and the Option Agreement constitute
the entire agreement of the parties and supersede in their entirety all prior
undertakings and agreements of the Company and Optionee with respect to the
subject matter hereof.

Submitted by:                           Accepted by:
OPTIONEE:                               Interamericas Communications Corporation

By:  ________________________           By:  _______________________________
                                        Name:  _____________________________
                                        Title:  ____________________________

Address:

________________________________________________________________________________

                                       7

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