Document:

<PAGE>
                                                               Exhibit No. 10.22

               FIRST AMENDMENT TO THE CHANGE OF CONTROL AGREEMENT

This First Amendment to Change of Control Agreement (this "Amendment")
effective as of August 1, 2001, (the "Effective Date") is entered into by and
between Mcafee.com Corporation, a Delaware corporation having a principal
office located at 535 Oakmead Parkway, Sunnyvale, California 94085
("McAfee.com"), and Srivats Sampath ("Executive").

                                  WITNESSETH:

     WHEREAS, effective as of July 14, 2000, McAfee.com and Executive entered
into that certain Change of Control Agreement (the "Agreement"), a true and
correct copy of which was attached as Exhibit 10.17 to the Registration
Statement on Form S-1 for McAfee.com filed with the Securities and Exchange
Commission;

     WHEREAS, the parties desire to amend the Agreement in certain respects.

     NOW, THEREFORE, in exchange for the mutual promises and covenants
contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree to be
legally bound as follows.

1. CONFIRMATION

     The Agreement is ratified and confirmed in accordance with its terms.

2. DEFINITIONS

     Unless otherwise defined herein, all capitalized terms shall have the
meanings ascribed to them in the Agreement.

3. AMENDMENTS TO THE AGREEMENT

          3.1 Section 1(c), Definitions, "Change of Control" is amended to
     insert a new subsection (iv) which shall read as follows:

              "or (iv) the acquisition of all or substantially all of the issued
              and outstanding common stock of the Company by Network Associates,
              Inc. or a wholly owned subsidiary of Network Associates, Inc."

          3.2 Section 1(d), Definitions, "Good Reason" is amended to insert a
new parenthetical after the words "materially less stature or responsibility"
which shall read as follows:

              "(provided, however, that in the event of a Change of Control
              pursuant to Section 1(c)(iv), it shall not be considered a
              demotion, a material reduction or a material, adverse change
              hereunder if Executive is appointed to, and Executive accepts, the
              position of an

<PAGE>
          Executive Vice President or business unit President of Network
          Associates, Inc. reporting directly to the Chief Executive Officer
          of Network Associates, Inc.)"

     3.3  Section 15 is hereby amended by deleting the stated address of
     McAffee.com Corporation and inserting the following in lieu thereof:

                              "535 Oakmead Parkway
                          Sunnyvale, California 94085"

     3.4  Section 15 is further amended by adding the following: "Copies of any
     notices given hereunder shall be simultaneously given to:

                                Kent H. Roberts,
                  Executive Vice President and General Counsel
                            Network Associates, Inc.
                               13465 Midway Road
                              Dallas, Texas 75244"

4.   GENERAL

This Amendment is subject to all of the terms and conditions of the Agreement,
as amended. The Agreement and each provision thereof shall continue in full
force and effect unless specifically amended by this Amendment. In the event of
a conflict between the Agreement and this Amendment, this Amendment shall
control.

MCAFEE.COM CORPORATION

By:
   ------------------------------------    -------------------------------------
                                                      Srivats Sampath
Print Name:
           ----------------------------

Title:
      ---------------------------------<PAGE>
                                                               Exhibit No. 10.23

               FIRST AMENDMENT TO THE CHANGE OF CONTROL AGREEMENT

This First Amendment to Change of Control Agreement (this "Amendment")
effective as of August 1, 2001, (the "Effective Date") is entered into by and
between Mcafee.com Corporation, a Delaware corporation having a principal
office located at 535 Oakmead Parkway, Sunnyvale, California 94085
("McAfee.com"), and Evan Collins ("Executive").

                                  WITNESSETH:

     WHEREAS, effective as of July 14, 2000, McAfee.com and Executive entered
into that certain Change of Control Agreement (the "Agreement"), a true and
correct copy of which was attached as Exhibit 10.18 to the Registration
Statement on Form S-1 for McAfee.com filed with the Securities and Exchange
Commission;

     WHEREAS, the parties desire to amend the Agreement in certain respects.

     NOW THEREFORE, in exchange for the mutual promises and covenants contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree to be legally bound
as follows.

1.   CONFIRMATION

     The Agreement is ratified and confirmed in accordance with its terms.

2.   DEFINITIONS

     Unless otherwise defined herein, all capitalized terms shall have the
     meanings ascribed to them in the Agreement.

3.   AMENDMENTS TO THE AGREEMENT

     3.1  Section 1(c), Definitions, "Change of Control" is amended to insert
     a new subsection (iv) which shall read as follows:

          "or (iv) the acquisition of all or substantially all of the issued
          and outstanding common stock of the Company by Network Associates,
          Inc. or a wholly owned subsidiary of Network Associates, Inc."

     3.2  Section 1(d), Definitions, "Good Reason" is amended to insert a new
     parenthetical after the words "materially less stature or responsibility"
     which shall read as follows:

          "(provided, however, that in the event of a Change of Control
          pursuant to Section 1(c)(iv), it shall not be considered a demotion,
          a material reduction or a material, adverse change hereunder if
          Executive is appointed to, and Executive accepts, the position of
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     Controller or business unit controller of Network Associates, Inc.
     reporting directly to the Chief Financial Officer of Network Associates,
     Inc.)"

3.3  Section 15 is hereby amended by deleting the stated address of McAfee.com
Corporation and inserting the following in lieu thereof:

                              "535 Oakmead Parkway
                          Sunnyvale, California 94085"

3.4  Section 15 is further amended by adding the following: "Copies of any
notices given hereunder shall be simultaneously given to:

                                Kent H. Roberts,
                  Executive Vice President and General Counsel
                            Network Associates, Inc.
                               13465 Midway Road
                              Dallas, Texas 75244"

4.   GENERAL

This Amendment is subject to all of the terms and conditions of the Agreement,
as amended. The Agreement and each provision thereof shall continue in full
force and effect unless specifically amended by this Amendment. In the event of
a conflict between the Agreement and this Amendment, this Amendment shall
control.

MCAFEE.COM CORPORATION

By:
   ------------------------------------    -------------------------------------
Print Name:                                            Evan Collins
           ----------------------------
Title:
      ---------------------------------<PAGE>
                                                                     EXHIBIT 4.1

                                iPHOTONICS, INC.
                            2000 STOCK INCENTIVE PLAN

SECTION 1.     PURPOSE

        The purpose of the iPhotonics, Inc. 2000 Stock Incentive Plan (the
"Plan") is to attract and retain outstanding individuals as Key Employees of
iPhotonics, Inc. (the "Corporation") and its Affiliates, as hereinafter defined,
and to motivate such individuals to achieve the long-term performance goals of
the Corporation by providing incentives to such individuals in the form of
equity ownership or monetary payments based on the value of the equity of the
Corporation or its financial performance, or both, on the terms and conditions
set forth herein.

SECTION 2.     DEFINITIONS

        As used in the Plan and unless the context clearly indicates otherwise,
the following terms shall have the respective meanings set forth below:

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

               (b) "Award" shall mean any Option, Stock Appreciation Right,
Restricted Stock, Restricted Stock Unit or Performance Award granted under the
Plan.

               (c) "Award Agreement" shall mean any written agreement, contract
or other instrument or document evidencing any Award granted under the Plan.

               (d) "Beneficiary" shall mean the person designated by the
Participant, on a form provided by the Corporation, to exercise the
Participant's rights in accordance with SECTION 7(f) of the Plan in the event of
death, or, if no such person is designated, the estate or personal
representatives of such Participant.

               (e) "Board of Directors" shall mean the Board of Directors of the
Corporation.

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

               (g) "Commission" shall mean the United States Securities and
Exchange Commission or any successor agency.

               (h) "Committee" shall mean the Compensation Committee of the
Board of Directors. The Committee initially shall be composed of the Board of
Directors and, at such time as the Board of Directors shall have been expanded
the Committee shall be composed of two or more directors, all of whom shall be
"non-employee directors" within the meaning of Rule 16b-3 and "outside
directors" within the meaning of Section 162(m)(4)(C) of the Code and any
regulations issued thereunder.

<PAGE>

               (i) "Disability" shall mean a total and permanent disability
within the meaning of the Corporation's long-term disability plan, as amended
from time to time.

               (j) "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended.

               (k) "Fair Market Value" shall mean the average of the highest and
lowest selling prices of the Shares as reported on the NASDAQ National Market or
such national securities exchange as may be designated by the Committee or, in
the event that the Shares are not listed for trading on a national securities
exchange or the NASDAQ National Market, the average of the highest and lowest
quoted bid prices of the Shares as reported by the National Association of
Securities Dealers Automated Quotation System ("NASDAQ") or, if not listed on
NASDAQ, the fair market value of the Shares as determined in good faith by the
Board of Directors or the Committee, in any such case as of the valuation date.

               (l) "Incentive Stock Option" shall mean a stock option granted
under SECTION 7(a) of the Plan that is intended to meet the requirements of
Section 422 of the Code or any successor provision thereto.

               (m) "Key Employee" shall mean any officer or other employee of
the Corporation or any Affiliate who is described in SECTION 6 of the Plan.

               (n) "Non-Qualified Stock Option" shall mean a stock option
granted under SECTION 7(a) of the Plan that is not intended to be an Incentive
Stock Option.

               (o) "Option" shall mean an Incentive Stock Option or a
Non-Qualified Stock Option.

               (p) "Participant" shall mean a Key Employee who is designated to
be granted or has received an Award under the Plan.

               (q) "Performance Award" shall mean any Award granted under
SECTION 7(e) of the Plan.

               (r) "Person" shall mean any individual, corporation, partnership,
limited liability company, association, joint-stock company, trust,
unincorporated organization or government or political subdivision thereof.

               (s) "Released Securities" shall mean Restricted Stock with
respect to which all applicable restrictions have expired, lapsed or been
waived.

               (t) "Restricted Stock" shall mean any Shares granted and issued
under SECTION 7(c) of the Plan.

               (u) "Restricted Stock Unit" shall mean any Award granted under
SECTION 7(c) of the Plan that is denominated in Shares.

                                      -2-
<PAGE>

               (v) "Restriction Period" shall mean, with respect to Restricted
Stock or Restricted Stock Units, that period of time determined by the Committee
pursuant to SECTION 7(c) of the Plan.

               (w) "Retirement" shall mean termination of a Participant's
employment with the Corporation or any Affiliate at his or her "normal
retirement date" as defined in the Corporation's section 401(k) plan or any
successor plan.

               (x) "Termination" shall mean any resignation or discharge from
employment with the Corporation or any Affiliate except in the event of
Disability, Retirement or death.

               (y) "Rule 16b-3" shall mean Rule 16b-3 promulgated by the
Commission under the Exchange Act or any successor rule or regulation thereto.

               (z) "Share(s)" shall mean one tenth (1/10th) of one share of
Class B Common Stock of the Corporation and such other securities or property as
may become the subject of Awards pursuant to an adjustment made under SECTION 8
of the Plan.

               (aa) "Stock Appreciation Right" shall mean any Award granted
under SECTION 7(b) of the Plan.

SECTION 3.     EFFECTIVE DATE; STOCKHOLDER APPROVAL; TERMINATION

               (a) EFFECTIVE DATE AND MEMBER APPROVAL. Subject to the approval
of the Plan by the stockholders of the Corporation, intending, but not
requiring, that such approval be in accordance with the provisions of Rule
16b-3, the Plan shall be effective as of April __, 2000 (the "Effective Date").

               (b) TERMINATION. The Plan shall terminate on the 10th anniversary
of the Effective Date.

SECTION 4.     ADMINISTRATION

               (a) The Plan shall be administered by the Committee; provided,
however, that if at any time the Committee shall not be in existence, the
functions of the Committee as specified in the Plan shall be exercised by those
members of the Board of Directors who qualify as "non-employee directors" under
Rule 16b-3 and as "outside directors" under Section 162(m)(4)(C) of the Code and
any regulations issued thereunder.

               Subject to the terms of the Plan and applicable law, the
Committee shall have full power and authority with respect to the Plan,
including, without limitation, the power to:

                   (i) designate Participants;

                   (ii) determine the types of Awards to be granted to each
Participant under the Plan;

                                      -3-
<PAGE>

                   (iii) determine the number of Shares to be covered by (or
with respect to which payments, rights or other matters are to be calculated in
connection with) Awards;

                   (iv) determine the terms and conditions of any Award;

                   (v) determine whether, to what extent, under what
circumstances and the method by which Awards may be settled or exercised in
cash, Shares, other securities, other Awards or other property, or canceled,
forfeited or suspended;

                   (vi) determine whether, to what extent and under what
circumstances cash, Shares, other securities, other Awards, other property and
other amounts payable with respect to an Award shall be deferred either
automatically or at the election of the holder thereof or of the Committee;

                   (vii) interpret and administer the Plan and any instrument or
agreement relating to, and any Award made under, the Plan (including, without
limitation, any Award Agreement);

                   (viii) establish, amend, suspend and waive such rules and
regulations and appoint such agents as it shall deem appropriate for the proper
administration of the Plan; and

                   (ix) make any other determination and take any other action
that the Committee deems necessary or desirable for the administration of the
Plan.

               Unless otherwise expressly provided in the Plan, all
designations, determinations, interpretations and other decisions under or with
respect to the Plan, or any Award, shall be within the sole discretion of the
Committee, may be made at any time and shall be final, conclusive and binding
upon all Persons, including the Corporation, any Affiliate, any Participant, any
holder or Beneficiary of any Award, any stockholder and any employee of the
Corporation or any Affiliate.

               (b) No member of the Board or the Committee shall be liable for
any action or determination made in good faith with respect to the Plan or any
Award granted or Award Agreement entered into hereunder, and the members of the
Committee shall be entitled to indemnification and reimbursement in the manner
provided in the Corporation's Charter and Bylaws, as amended from time to time.

               (c) The Committee may designate persons other than its members to
carry out its responsibilities under such conditions or limitations as it may
set, except that the Committee may not delegate: (i) its authority with regard
to Awards (including decisions concerning the timing, pricing and amount of
Awards) granted to Key Employees who are officers or directors for purposes of
Section 16(b) of the Exchange Act; or (ii) its authority pursuant to SECTION 8
to amend the Plan.

SECTION 5.     GRANTS OF AWARDS; SHARES AVAILABLE FOR AWARD

               (a) The Committee may, from time to time, grant Awards to one or
more Key Employees; provided, however, that:

                                      -4-
<PAGE>

                   (i) subject to any adjustment pursuant to SECTION 8, the
aggregate number of Shares available with respect to which Awards may be granted
under the Plan shall be 7,500,000 Shares (i.e., 750,000 shares of Class B Common
Stock);

                   (ii) to the extent that any Shares covered by an Award
granted under the Plan, or to which any Award relates, are forfeited, or if an
Award otherwise terminates, expires or is canceled prior to the delivery of all
of the Shares or of other consideration issuable or payable pursuant to such
Award, then the number of Shares counted against the number of Shares available
under the Plan in connection with the grant of such Award, to the extent of any
such forfeiture, termination, expiration or cancellation, shall be available for
granting of Awards under the Plan;

                   (iii) Shares which have been issued, or any other shares of
the equity of the Corporation which a Participant tenders to the Corporation in
satisfaction of income and payroll tax withholding obligations or in
satisfaction of the exercise price of any Award shall be available for granting
of Awards under the Plan;

                   (iv) notwithstanding anything herein to the contrary, the
Committee may limit the application of SECTIONS 5(ii) AND 5(iii) in any manner
that it considers necessary or appropriate to ensure that the Plan complies with
the requirements of Rule 16b-3 under the Exchange Act or any successor
provision; and

                   (v) notwithstanding anything herein to the contrary, any
Shares ceasing to be subject to an Award due to the exercise of an Award or
expiration of a Restriction Period shall no longer be available for granting of
Awards under the Plan.

               (b) For purpose of this SECTION 5:

                   (i) if an Award is denominated in Shares, the number of
Shares covered by such Award, or to which such Award relates, shall be counted
on the date of grant of such Award against the number of Shares available for
granting of Awards under the Plan; and

                   (ii) if an Award is not denominated in Shares, the number of
Shares shall be counted on the date of grant of such Award against the number of
Shares available for granting Awards under the Plan equal to the quotient of the
Fair Market Value (calculated as of the date of grant) of the maximum amount of
cash or other consideration payable pursuant to such Award, divided by the Fair
Market Value of one Share on the date of grant.

               (c) Any Shares delivered by the Corporation pursuant to an Award
may consist, in whole or in part, of authorized and unissued Shares or of
treasury Shares. In determining the size of any Award, the Committee may take
into account a Participant's responsibility level, performance, potential, cash
compensation level, the Fair Market Value of the Shares at the time of the Award
and such other considerations as it deems appropriate.

                                      -5-
<PAGE>

SECTION 6.     ELIGIBILITY

               Any Key Employee, including any executive officer or
employee-director of the Corporation or any Affiliate, who is not a member of
the Committee and who, in the opinion of the Committee, contributes to the
continued growth, development and financial success of the Corporation or an
Affiliate shall be eligible to be designated as a Participant.

SECTION 7.     AWARDS

               (a) OPTIONS. The Committee is hereby authorized to grant Options
to Participants in the form of either Non-Qualified Stock Options or Incentive
Stock Options with the terms and conditions set forth in this SECTION 7 and with
such additional terms and conditions, in either case not inconsistent with the
provisions of the Plan, as the Committee shall determine.

                   (i) LIMITATIONS ON INCENTIVE STOCK OPTIONS.

                       (A) In the event the Committee grants Incentive Stock
Options, the aggregate Fair Market Value (determined at the time the Incentive
Stock Options are granted) of the Shares underlying any such Incentive Stock
Options, together with the shares underlying any incentive stock options (as
defined in Section 422 of the Code) under any other plans of the Corporation or
any Affiliate, which shall be first exercisable by any one Participant shall
not, during any calendar year, exceed $100,000, or such other limitation as may
be provided in the Code.

                       (B) The grant of Incentive Stock Options hereunder shall
be subject to guidelines adopted by the Committee with respect to the timing and
size of Incentive Stock Options.

                       (C) The terms of any Incentive Stock Option granted under
the Plan shall comply in all respects with the provisions of Section 422 of the
Code, or any successor provision thereto, and any regulations promulgated
thereunder.

                   (ii) EXERCISE PRICE. The exercise price per Share purchasable
under an Option shall be determined by the Committee; provided, however, that
such exercise price shall not be less than the Fair Market Value of a Share on
the date of grant of the Option (or, if the Committee so determines, in the case
of any Option granted in tandem with or in substitution for another Award or any
outstanding award granted under any other plan of the Corporation, on the date
of grant of such other Award or award).

                   (iii) OPTION TERM. The term of each Option shall be fixed by
the Committee; provided, however, that in no event shall the term of an
Incentive Stock Option exceed a period of ten years from the date of its grant.

                   (iv) EXERCISABILITY AND METHOD OF EXERCISE. Except for such
limitations as may be set forth herein, an Option shall become exercisable in
such manner and within such period or periods and in such installments as shall
be determined by the Committee and set forth in the Award Agreement evidencing
the Option. The Committee also shall determine the method or methods by which,

                                      -6-
<PAGE>

and the form or forms in which, payment of the exercise price with respect to
any Option may be made or deemed to have been made.

               (b) STOCK APPRECIATION RIGHTS. The Committee is hereby authorized
to grant Stock Appreciation Rights to Participants. Subject to the terms of the
Plan and any applicable Award Agreement, a Stock Appreciation Right granted
under the Plan shall confer on the holder thereof a right to receive, upon
exercise thereof, the difference of (i) the Fair Market Value of one Share on
the date of exercise or, if the Committee shall so determine in the case of any
such right other than one related to any Incentive Stock Option, at any time
during a specified period before or after the date of exercise, less (ii) the
grant price of the right as specified by the Committee, which shall not be less
than the Fair Market Value of one Share on the date of grant of the Stock
Appreciation Right (or, if the Committee so determines, in the case of any Stock
Appreciation Right granted in tandem with or in substitution for another Award
or any outstanding award granted under any other plan of the Corporation, on the
date of grant of such other Award or award). Subject to the terms of the Plan
and any applicable Award Agreement, the grant price, term, methods of exercise,
methods of settlement and any other terms and conditions of any Stock
Appreciation Right shall be as determined by the Committee. The Committee may
impose such conditions or restrictions on the exercise of any Stock Appreciation
Right as it may deem appropriate, including, without limitation, restricting the
time of exercise of the Stock Appreciation Right to specified periods as may be
necessary to satisfy the requirements of Rule 16b-3.

               (c) RESTRICTED STOCK AND RESTRICTED STOCK UNITS.

                   (i) ISSUANCE. The Committee is hereby authorized to grant
Awards of Restricted Stock and Restricted Stock Units to Participants, such
Awards, including the total number of Shares to which they pertain, to be
evidenced by an Award Agreement.

                   (ii) RESTRICTIONS. Shares of Restricted Stock and Restricted
Stock Units shall be issued in the name of the Participant without payment of
consideration, and shall be subject to such restrictions as the Committee may
impose (including, without limitation, a Restriction Period, any limitation on
the right to vote a Share of Restricted Stock or the right to receive any
dividend or other right or property), which restrictions may lapse separately or
in combination at such time or times, in such installments or otherwise, as the
Committee may deem appropriate. Different Restricted Stock or Restricted Stock
Unit Awards may, among other things, have different Restriction Periods.

                   (iii) REGISTRATION. Any Restricted Stock granted under the
Plan may be evidenced in such manner as the Committee may deem appropriate,
including, without limitation, book-entry registration or issuance of a stock or
other certificate or certificates. In the event any stock or other certificate
is issued to evidence Shares of Restricted Stock granted under the Plan, such
certificate shall be registered in the name of the Participant and shall bear an
appropriate legend (as determined by the Committee) referring to the terms,
conditions and restrictions applicable to such Restricted Stock. Upon completion
of the applicable Restriction Period, the related restriction or restrictions
upon the Award shall expire and new certificates representing the Award shall be
issued without the applicable restrictive legend described herein. Such Shares
shall be delivered in accordance with the terms and conditions of such
Participant's Award Agreement.

                                      -7-
<PAGE>

               (d) OTHER STOCK OR STOCK-BASED AWARDS. An Award other than as
described in (a) through (c) above may be granted pursuant to which Shares are,
or in the future may be acquired, or which is valued or determined in whole or
in part by reference to, or otherwise based upon, Shares.

               (e) CODE SECTION 162(m) REQUIREMENTS. The Committee in its sole
discretion shall determine whether Awards made pursuant to the Plan shall be
designed to meet the requirements of performance-based compensation within the
meaning of Section 162(m) of the Code and any regulations issued thereunder.

               (f) TERMINATION OF EMPLOYMENT. The Agreement relating to an Award
will set forth provisions governing the disposition of an Award in the event of
the retirement, disability, death or other termination of a Participant's
employment.

               (g) ELECTION TO RECOGNIZE INCOME. If a Participant makes an
election in a timely manner pursuant to Section 83(b) of the Code to recognize
income for tax purposes when an Award is first made, the Participant shall
notify the Corporation within 10 days of the making of such election.

               (h) GENERAL.

                   (i) AWARD AGREEMENTS. Each Award granted under the Plan shall
be evidenced by an Award Agreement such form as shall be approved by the
Committee.

                   (ii) AWARDS MAY BE GRANTED SEPARATELY OR TOGETHER. Awards may
be granted either alone or in addition to, in tandem with, or in substitution
for any other Award or any award granted under any other plan of the Corporation
or any Affiliate. Awards granted in addition to or in tandem with other Awards,
or in addition to or in tandem with awards granted under any other plan of the
Corporation or any Affiliate, may be granted either at the same time as or at a
different time from the grant of such other Awards or awards.

                   (iii) FORMS OF PAYMENT UNDER AWARDS. Subject to the terms of
the Plan and of any applicable Award Agreement, payments or transfers to be made
by the Corporation or any Affiliate upon the grant, exercise or payment of an
Award may be made in such form or forms as the Committee shall determine,
including, without limitation, cash, Shares, other securities, other Awards or
other property, or any combination thereof, and may be made in a single payment
or transfer, in installments or on a deferred basis, in each case in accordance
with the rules and procedures established by the Committee. Such rules and
procedures may include, without limitation, provisions for the payment or
crediting of interest in installments or deferred payments.

                   (iv) LIMITS ON TRANSFER OF AWARDS. No Award (other than
Released Securities), except as otherwise provided by the Committee in its
discretion, and no right under any such Award, shall be assignable, alienable,
saleable or transferable by a Participant otherwise than by will or by the laws
of descent and distribution or pursuant to a qualified domestic relations order
as defined in the Code or Title I of ERISA (or, in the case of an Award of
Restricted Stock, to the Corporation); provided, however, that, if so determined
by the Committee, a Participant may, in the manner established by the Committee,
designate a Beneficiary to exercise the rights of the Participant, and to
receive any property distributable with respect to

                                      -8-
<PAGE>

any Award upon the death of the Participant. Each Award, and each right under
any Award, shall be exercisable, during the Participant's lifetime, only by the
Participant or, if permissible under applicable law, by the Participant's
guardian or legal representative. No Award (other than Released Securities), and
no right under any such Award, may be pledged, alienated, attached or otherwise
encumbered, and any purported pledge, alienation, attachment or encumbrance
thereof shall be void and unenforceable against the Corporation or any
Affiliate.

                   (v) TERM OF AWARDS. Except as otherwise provided herein, the
term of each Award shall be for such period as may be determined by the
Committee.

                   (vi) SHARE CERTIFICATES AND REPRESENTATION BY PARTICIPANTS.
All certificates for Shares or other securities delivered under the Plan
pursuant to any Award or the exercise thereof shall be subject to such stop
transfer orders and other restrictions as the Committee may deem advisable under
the Plan or the rules, regulations and other requirements of the Commission, any
stock exchange or other market upon which such Shares or other securities are
then listed or traded, and any applicable federal or state securities laws, and
the Committee may cause a legend or legends to be inscribed upon any such
certificate(s) to make appropriate reference to such restrictions. The Committee
may require each Participant or other Person who acquires Shares or other
securities under the Plan to represent to the Corporation in writing that such
Participant or other Person is acquiring the Shares or other securities without
a view to the distribution thereof.

SECTION 8.     AMENDMENT AND TERMINATION; ADJUSTMENTS; CORRECTIONS

               (a) AMENDMENTS TO THE PLAN. The Committee may, at any time or
from time to time, amend, alter, suspend, discontinue or terminate the Plan in
whole or in part; provided, however, that no amendment, alteration, suspension,
discontinuation or termination of the Plan shall in any manner (except as
otherwise provided in this SECTION 8) adversely affect the rights of any
Participant under any Award granted and then outstanding under the Plan, without
the consent of the respective Participant; provided further, however, that any
amendment which under the requirements of applicable law or stock exchange or
NASDAQ rule or policy must be approved by the stockholders of the Corporation
shall not be effective unless and until such stockholder approval has been
obtained in compliance with such law. No termination or amendment of the Plan
may, without the consent of the Participant to whom an Award has been granted,
adversely affect the rights of such Participant under such Award.

               (b) CERTAIN ADJUSTMENTS OF AWARDS.

                   (i) In the event the Corporation or any Affiliate shall
assume outstanding employee awards or the right or obligation to make future
such awards in connection with the acquisition of another business or business
entity, the Committee may make such adjustments in the terms of Awards, not
inconsistent with the terms of the Plan, as it shall deem appropriate in order
to achieve reasonable comparability or other equitable relationship between the
assumed awards and the Awards granted under the Plan, as so adjusted.

                   (ii) In the event that the Committee shall determine that any
dividend or other distribution (whether in the form of cash, Shares, other
securities or other property), recapitalization, stock

                                      -9-
<PAGE>

split, reverse stock split, reorganization, merger, consolidation, split-up,
spin-off, combination, repurchase or exchange of Shares or other securities of
the Corporation, issuance of warrants or other rights to purchase Shares or
other securities of the Corporation, or other similar corporate transaction,
change in applicable laws, regulations or financial accounting principles or
other event affects the Shares, such that an adjustment is determined by the
Committee to be appropriate in order to prevent dilution or enlargement of the
benefits or potential benefits intended to be made available under the Plan,
then the Committee may, in such manner as it may deem equitable, adjust any or
all of: (A) the number and type of Shares (or other securities or property)
which thereafter may be made the subject of Awards under the Plan; (B) the
number and type of Shares (or other securities or property) subject to
outstanding Awards; and (C) the grant, purchase or exercise price with respect
to any Award, or, if deemed appropriate, make provision for a cash payment to
the holder of an outstanding Award; provided, however, in each case, that with
respect to Awards of Incentive Stock Options, no such adjustment shall be
authorized to the extent that such authority would cause the Plan to violate
Section 422(b)(1) of the Code or any successor provision thereto; provided
further, that the number of Shares subject to any Award denominated in Shares
shall always be a whole number. The foregoing adjustments shall be determined by
the Committee in its sole discretion.

               (c) CORRECTION OF DEFECTS, OMISSIONS AND INCONSISTENCIES. The
Committee may correct any defect, supply any omission or reconcile any
inconsistency in any Award or Award Agreement in the manner and to the extent it
shall deem desirable to carry the Plan into effect.

SECTION 9.     GENERAL PROVISIONS

               (a) NO RIGHTS TO AWARDS. No Key Employee, Participant or other
Person shall have any claim to be granted any Award under the Plan, and there is
no obligation for uniformity of treatment of Key Employees, Participants or
holders or Beneficiaries of Awards under the Plan. The terms and conditions of
Awards need not be the same with respect to each Participant.

               (b) WITHHOLDING. No later than the date as of which an amount
first becomes includable in the gross income of a Participant for federal income
tax purposes with respect to any Award under the Plan, the Participant shall pay
to the Corporation, or make arrangements satisfactory to the Corporation
regarding the payment of, any federal, state, local or foreign taxes of any kind
required by law to be withheld with respect to such amount. Unless otherwise
determined by the Committee, withholding obligations arising with respect to
Awards under the Plan may be settled with Shares (other than Restricted Stock),
including Shares that are part of, or are received upon exercise of, the Award
that gives rise to the withholding requirement. The obligations of the
Corporation under the Plan shall be conditioned on such payment or arrangements,
and the Corporation and any Affiliate shall, to the extent permitted by law,
have the right to deduct any such taxes from any payment otherwise due to the
Participant. The Committee may establish such procedures as it deems appropriate
for the settling of withholding obligations with Shares, including, without
limitation, the establishment of such procedures as may be necessary to satisfy
the requirements of Rule 16b-3.

               (c) ACCELERATION. Except as otherwise provided hereunder, the
Committee may, in its discretion, accelerate the time at which an outstanding
Award granted hereunder may be exercised. With respect to Restricted Stock, in
the event of a public tender offer for all or any portion of the Shares of the
Corporation, or in the event that any proposal to merge or consolidate the
Corporation with another entity is

                                      -10-
<PAGE>

submitted to the stockholders of the Corporation for a vote, the Committee, in
its sole discretion, may shorten or eliminate the Restriction Period consistent
with the best interests of the Corporation.

               (d) NO RIGHT TO EMPLOYMENT. The grant of an Award shall not be
construed as giving a Participant the right to be retained in the employ of the
Corporation or any Affiliate. Further, the Corporation or any Affiliate may at
any time dismiss a Participant from employment, free from any liability or any
claim under the Plan, unless otherwise expressly provided in the Plan or in any
Award Agreement.

               (e) UNFUNDED STATUS OF THE PLAN. Unless otherwise determined by
the Committee, the Plan shall be unfunded and shall not create (or be construed
to create) a trust or a separate fund or funds. The Plan shall not establish any
fiduciary relationship between the Corporation and any Participant or other
Person. To the extent any Person holds any right by virtue of the grant of an
Award under the Plan, such right (unless otherwise determined by the Committee)
shall be no greater than the right of an unsecured general creditor of the
Corporation.

               (f) GOVERNMENT AND OTHER REGULATIONS. The obligation of the
Corporation to make payment of Awards in Shares or otherwise shall be subject to
all applicable laws, rules and regulations, and to such approvals by any
government agencies as may be required. If Shares awarded hereunder may in
certain circumstances be exempt from registration under the Securities Act of
1933, as amended, the Corporation may restrict its transfer in such manner as it
deems advisable to ensure such exempt status.

               (g) NO RESTRICTION ON RIGHT OF CORPORATION TO EFFECT CORPORATE
CHANGES. The Plan shall not affect in any way the right or power of the
Corporation or its stockholders to make or authorize any or all adjustments,
recapitalizations, reorganizations or other changes in the Corporation's capital
structure or its business, or any merger or consolidation of the Corporation, or
any issue of stock or options, warrants or rights to purchase stock or of bonds,
debentures, preferred or prior preference stocks whose rights are superior to or
affect the Shares or the rights thereof or which are convertible into or
exchangeable for the Shares, or dissolution or liquidation of the Corporation,
or any sale or transfer of all or any part of its assets or business, or any
other corporate act or proceeding, whether of a similar character or otherwise.

               (h) GOVERNING LAW. The validity, construction and effect of the
Plan, and any rules and regulations relating to the Plan, shall be determined in
accordance with the laws of the State of Maryland, exclusive of its conflicts of
law provisions, and applicable Federal law.

               (i) SEVERABILITY. If any provision of the Plan, any Award
Agreement or any Award is or becomes or is deemed to be invalid, illegal or
unenforceable in any jurisdiction, or as to any Person or Award, or would
disqualify the Plan, any Award Agreement or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended
to conform to applicable laws, or, if it cannot be so construed or deemed
amended without, in the determination of the Committee, materially altering the
intent of the Plan, the Award Agreement or the Award, such provision shall be
stricken as to such jurisdiction, Person or Award, and the remainder of the
Plan, such Award Agreement and such Award shall remain in full force and effect.

               (j) NO FRACTIONAL SHARES. No fractional Shares shall be issued or
delivered pursuant to the Plan, any Award Agreement or any Award, and the
Committee shall determine whether cash, other

                                      -11-
<PAGE>

securities or other property shall be paid or transferred in lieu of any
fractional Shares, or whether such fractional Shares or any rights thereto shall
be canceled, terminated or otherwise eliminated.

               (k) HEADINGS. Headings are given to the sections and subsections
of the Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction or
interpretation of the Plan or any provision thereof.

                                      -12-

<PAGE>

            AMENDMENT TO iPHOTONICS, INC. 2000 STOCK INCENTIVE PLAN

        THIS AMENDMENT TO IPHOTONICS, INC. 2000 STOCK INCENTIVE PLAN (this
"Amendment") is made this ___ day of October, 2000, by the Board of Directors
(the "Board") of iPHOTONICS, INC. (the "Corporation").

        WHEREAS, the Corporation adopted the iPhotonics 2000 Stock Incentive
Plan (the "Plan") on April 14, 2000 (all capitalized terms not otherwise defined
in this Amendment shall have the meanings assigned to them in the Plan); and

        WHEREAS, the Plan gives the Board (which is serving as the "Committee"
under the Plan) the general authority to amend the Plan in accordance with
Section 8(a) thereof, as well as the specific authority to amend the Plan in the
event of a recapitalization in accordance with Section 8(b)(ii) thereof; and

        WHEREAS, the Board wishes to amend the Plan, upon the terms set forth
herein;

        NOW, THEREFORE, in consideration of the foregoing, the Plan is amended
as follows:

        1. AMENDMENT TO THE PLAN. The Plan is amended as follows:

           1.1. By deleting Section 2(z) and substituting the following in lieu
thereof:

                "(z) "Share(s)" shall mean one (1) of one share of the Common
        Stock of the Corporation and such other securities or property as may
        become the subject of Awards pursuant to an adjustment made under
        SECTION 8 of the Plan."

           1.2. By deleting Section 5(a)(i) and substituting the following in
lieu thereof:

                     "(i) subject to any adjustment pursuant to SECTION 8, the
        aggregate number of Shares available with respect to which Awards may be
        granted under the Plan shall be 750,000 Shares of Common Stock;"

        2. AWARDS UNDER THE PLAN. All Awards hereafter granted under the Plan
shall use the amended definition of "Shares." All prior Awards shall be
interpreted using the former definition of "Shares" (namely, 1/10th of a share
of common stock) unless the Participant has executed an addendum to his or her
Award agreement adopting the new definition and evidencing an adjustment to the
Award to reflect such new definition.

        3. EFFECT OF AMENDMENT. This Amendment is intended to modify the
provisions of the Plan. In the event that there is a conflict between the terms
of the Amendment and the Plan, the parties intend that the provisions of this
Amendment should govern their respective rights and obligations. Except as
hereby amended, all other terms and conditions of the Plan remain unchanged and
in full force and effect.

<PAGE>

        IN WITNESS WHEREOF, the members of the Board have each executed this
Amendment as of the day and year first above written.

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

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

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

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

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

                                        2

<PAGE>

                                SECOND AMENDMENT
                                       TO
                   iPHOTONICS, INC. 2000 STOCK INCENTIVE PLAN

        THIS SECOND AMENDMENT TO IPHOTONICS, INC. 2000 STOCK INCENTIVE PLAN
(this "Amendment") is made this ___ day of ___________, 2001, by the Board of
Directors (the "Board") of iPHOTONICS, INC. (the "Corporation").

        WHEREAS, the Corporation adopted the iPhotonics 2000 Stock Incentive
Plan on April 14, 2000, which was amended by the Amendment to iPhotonics, Inc.
2000 Stock Incentive Plan on October 6, 2000 (collectively, the "Plan;" all
capitalized terms not otherwise defined in this Amendment shall have the
meanings assigned to them in the Plan); and

        WHEREAS, on November 17, 2000, the Board approved a 3 for 1 stock
dividend with respect to the Corporation's Common Stock (the "Stock Dividend");
and

        WHEREAS, the Plan gives the Board (which is serving as the "Committee"
under the Plan) the authority to amend the Plan in the event of a dividend in
accordance with Section 8(b)(ii) thereof; and

        WHEREAS, in accordance with its authority under the Plan, the Board has
adjusted the stock options already outstanding to Participants to reflect the
effect of the Stock Dividend, and similarly desires to increase the number of
shares of the Corporation's Common Stock subject to Awards under the Plan;

        NOW, THEREFORE, in consideration of the foregoing, the Plan is amended
as follows:

        1. AMENDMENT TO THE PLAN. The Plan is amended as follows:

        By deleting Section 5(a)(i) and substituting the following in lieu
thereof:

                     "(i) subject to any adjustment pursuant to SECTION 8, the
        aggregate number of Shares available with respect to which Awards may be
        granted under the Plan shall be 3,000,000 Shares of Common Stock;"

        2. EFFECT OF AMENDMENT. This Amendment is intended to modify the
provisions of the Plan. In the event that there is a conflict between the terms
of the Amendment and the Plan, the parties intend that the provisions of this
Amendment should govern their respective rights and obligations. Except as
hereby amended, all other terms and conditions of the Plan remain unchanged and
in full force and effect.

        THE MEMBERS OF THE BOARD OF DIRECTORS have approved this Amendment at a
duly constituted meeting of the Board of Directors as of the day and year first
above written.

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