Document:

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                                                                  Exhibit 10.15

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT ("AGREEMENT") is entered into this 23rd day of October,
2000 and shall be effective as of October 1, 1999 (the "Effective Date") by and
between Orius Corp., a Florida corporation (the "Company"), and Martin Kobs
("Executive").

                                    RECITALS

         The Company, through its Board of Directors, desires to retain the
services of Executive, and Executive desires to be retained by the Company, on
the terms and conditions set forth in this Agreement.

                                    AGREEMENT

         For and in consideration of the foregoing and of the mutual covenants
of the parties herein contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree
as follows:

         1. EMPLOYMENT. The Company hereby employs Executive to serve in the
capacities described herein and Executive hereby accepts such employment and
agrees to perform the services described herein upon the terms and conditions
hereinafter set forth.

         2. TERM. The term of Executive's employment pursuant to this Agreement
shall commence on the Effective Date set forth above and shall terminate at the
close of business on the third anniversary of such date, which period is
referred to herein as the "Initial Term." The Initial Term shall be subject to
earlier termination in accordance with the other terms and conditions set forth
herein. Upon the expiration of the Initial Term, the Executive's employment
shall continue automatically for periods of twelve calendar months (each such
period being referred to herein as an "Additional Term") unless, at least 30
days prior to the expiration of the Initial Term or an Additional Term, as the
case may be, Executive or the Company gives notice to the other of its intention
to terminate the Executive's employment at the end of such Initial Term or
Additional Term, as the case may be.

         3. DUTIES. Executive shall serve as and have the title of President,
Telecommunications Services Group of the Company (the "Group") and shall be
primarily responsible for such aspects of the Company's operations as may be
designated from time to time by the Board of Directors. Executive agrees to
devote his full business time, energy, skills and best efforts to his employment
with the Company while so employed. Nothing in this Agreement shall preclude
Executive from engaging in charitable and community affairs, from managing any
passive investment made by him or from serving, subject to the prior approval of
the Board of Directors, as a member of the board of directors or as a trustee of
any other corporation, association or entity, so long as, in the reasonable
determination of the Board of Directors, such activities do not interfere with
his duties and responsibilities hereunder.
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         4. COMPENSATION. The Company shall pay Executive, and Executive agrees
to accept, base compensation at the rate of One Hundred Seventy Five Thousand
Dollars ($175,000) per year through the first anniversary of the Effective Date
("Base Compensation"), provided, however, that the Base Compensation shall
increase to a rate of Two Hundred Twenty Five Thousand Dollars ($225,000) per
year from and after the first anniversary of the Effective Date. The Base
Compensation shall be payable in equal installments no less frequently than
bi-weekly. The Base Compensation specified in this Section 4 may be increased
annually during the term of this Agreement in the sole discretion of the
Compensation Committee of the Board of Directors.

         5. FRINGE BENEFITS.

                  (a) GENERALLY. Executive shall be eligible for fringe benefits
pursuant to any health and disability insurance, pension, retirement, profit
sharing, stock option, or other employee fringe benefit plan that the Company
makes available to employees of the Company and/or its direct or indirect
subsidiaries and for which Executive will qualify according to his eligibility
under the provisions thereof, giving effect to Executive's prior years of
service with the Company for purposes of such eligibility.

                  (b) HEALTH AND DISABILITY INSURANCE. Executive shall be
entitled to participate in health and disability insurance plans that the
Company offers to other executive officers of the Company from time to time.

                  (c) VACATION, HOLIDAYS AND ILLNESS. During the term of this
Agreement, Executive shall be entitled to days off for vacation (not less than
four weeks per year), holidays, illness or other appropriate purposes.

         6. EXPENSES. Except as otherwise agreed to herein, Executive shall be
reimbursed for all usual expenses incurred on behalf of the Company, in
accordance with Company practices and procedures, provided that:

                  (a) Each such expenditure is of a nature deductible under
Section 162 of the Internal Revenue Code (the "Code") on the Federal income tax
return of the Company as a business expense and not as deductible compensation
to Executive; and

                  (b) Executive furnishes the Company with adequate documentary
evidence required by the Code or any regulation promulgated thereunder for the
substantiation of such expenditures as a deductible business expense of the
Company and not as deductible compensation to Executive. Executive agrees that,
if at any time, any payment made to Executive by the Company as a business
expense reimbursement shall be disallowed in whole as a deductible expense to
the Company by the appropriate taxing authorities, Executive shall reimburse the
Company to the full extent of such disallowance.

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         7. TERMINATION. The term of Executive's employment under this Agreement
may be terminated prior to the expiration of the Initial Term or any Additional
Term provided in Section 2 hereof only in accordance with the following
Sections.

                  (a) FOR CAUSE. This Agreement may be immediately terminated by
the Company for Cause. For purposes of this Agreement, the term "Cause" shall
mean the termination of Executive by the Board of Directors of the Company as a
result of the existence or occurrence of one or more of the following conditions
or events:

                           (i) a material breach by Executive of any provision
of this Agreement, or the willful and continued failure of Executive to perform
his duties under his employment with the Company, which failure or breach shall
continue for more than thirty (30) days after written notice thereof is received
by Executive;

                           (ii) performance by Executive of any act of fraud or
material misrepresentation or a material act of misappropriation which results
or is intended to result in Executive's personal enrichment at the expense of
the Company;

                           (iii) conviction of Executive of any crime which
constitutes a felony offense involving violence (but not involving a motorized
vehicle) or fraud, embezzlement, theft or business activities;

                           (iv) the entry of a judgment or order enjoining or
preventing Executive from such activities as are essential for Executive to
perform his services as required by this Agreement unless such judgment or order
is the subject of an appeal or other proceedings to set it aside or modify it
and such proceedings are timely filed and being pursued with due diligence; or

                           (v) Executive has engaged in willful and deliberate
conduct or activities intended to damage the business of the Company materially,
it being understood that neither conduct or activities pursuant to Executive's
exercise of his good faith business judgment nor unintentional physical damage
to properties by Executive shall be a ground for such a determination.

                  (b) WITH GOOD REASON. This Agreement may be immediately
terminated by Executive for Good Reason. For purposes of this Agreement, the
term "Good Reason" shall mean the termination by Executive of his employment
with the Company as a result of the failure by the Company to comply with the
provisions of Section 4, which failure or breach shall continue for more than
thirty (30) days after the date on which the Board of Directors of the Company
receives written notice.

                  (c) MUTUAL. Executive's employment under this Agreement may be
terminated upon mutual written agreement of the Company and Executive.

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                  (d) DEATH. In the event of the death of Executive, this
Agreement shall terminate immediately.

                  (e) DISABILITY. If, during Executive's employment under this
Agreement, Executive shall become permanently disabled and unable to perform his
duties as required herein ("Disability") for a period of one hundred eighty
(180) consecutive days, then the Company may terminate Executive's employment
under this Agreement effective upon thirty (30) days written notice to
Executive.

         8. DEATH AND DISABILITY. In the event of the termination of Executive's
employment under this Agreement by reason of Executive's death or Disability,
the Company shall pay Executive (or his heirs and/or personal representatives),
Base Compensation through a date which is the earlier of (i) the termination of
the Initial Term or the then-current Additional Term, or (ii) one year after the
date of death or the date of termination for Disability as provided in Sections
7(d) and 7(e), respectively.

         9. SEVERANCE. In the event of the termination of Executive's employment
under this Agreement prior to the expiration of the Initial Term or of any
Additional Term, for any reason other than Executive's death or Disability, the
Company shall provide the payments and benefits to Executive as indicated below:

                  (a) WITH CAUSE OR VOLUNTARY TERMINATION BY EXECUTIVE WITHOUT
GOOD REASON. If Executive is terminated for Cause (as defined in Section 7(a) of
this Agreement), or if Executive voluntarily terminates his employment with the
Company without Good Reason (as defined in Section 7(b) of this Agreement), the
Company shall be obligated only to continue to pay to Executive his Base
Compensation, if any, earned up to the date of termination and shall reimburse
Executive for any expenses to which Executive is due reimbursement by the
Company under Section 6 hereof. In addition, the Company shall pay vested
benefits, if any, owed to Executive under any plan provided for Executive under
Section 5 hereof in accordance with the terms of such plan as in effect on the
date of termination of employment.

                  (b) WITHOUT CAUSE OR TERMINATION BY EXECUTIVE WITH GOOD
REASON. In the event that the Company shall terminate Executive without Cause or
if Executive voluntarily terminates his employment with the Company with Good
Reason during the Initial Term, the Company shall be obligated to continue to
pay full compensation and benefits to Executive through and including the third
anniversary of the date hereof as if Executive had not been so terminated. In
the event that the Company shall terminate Executive without Cause or if
Executive voluntarily terminates his employment with the Company with Good
Reason during an Additional Term, the Company shall be obligated to continue to
pay full compensation and benefits to Executive through the end of such
Additional Term as if Executive had not been so terminated.

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         10. CONFIDENTIAL INFORMATION. Executive recognizes and acknowledges
that he will have access to certain confidential information of the Company and
that such information constitutes valuable, special and unique property of the
Company. Executive agrees not to disclose or use, during the term of his
employment with the Company or at any time thereafter, except in the discharge
of his duties and responsibilities hereunder, any such confidential information,
including without limitation, information regarding research, developments,
product designs or specifications, manufacturing processes, "know-how," prices,
suppliers, customers, costs or any knowledge or information with respect to
confidential or trade secrets of the Company. Notwithstanding the preceding
sentence, it is understood that such confidential information does not include
information that is publicly available (unless such information became publicly
available as a result of a breach of this Section 10) or information that is
required by law or the order of any governmental authority under color of law to
be disclosed. Executive acknowledges and agrees that all notes, records,
reports, sketches, plans, unpublished memoranda or other documents belonging to
the Company, but held by Executive, concerning any information relating to the
Company's business, whether confidential or not, are the property of the Company
and will be promptly delivered to the Company upon the termination of
Executive's employ hereunder. Executive also agrees to execute such
confidentiality agreements that the Board of Directors of the Company may adopt,
and may modify from time to time, as a standard form to be executed by all
employees of the Company, to the extent such standard forms are not more
restrictive than the provisions of this Agreement.

         11. NON-SOLICITATION. At all times during the term of this Agreement
and thereafter during the Noncompete Period (as hereinafter defined), Executive
shall not, directly or indirectly, induce, influence, combine or conspire with,
or attempt to induce, influence, combine or conspire with, any of the officers,
employees, agents, consultants, customers or suppliers of the Company to
terminate their employment, or other relationship, with or compete against the
Company or any present or future subsidiaries, parents or affiliates of the
Company in any business in which, at the time of Executive's termination, the
Company or any of its subsidiaries, parents or affiliates is actively engaged or
contemplating engaging (the "Business").

         12. NON-COMPETITION. Executive acknowledges that his services and
responsibilities are unique in character and are of particular significance to
the Company, that the Company engages in a competitive business with a national
market and that Executive's continued and exclusive service to the Company under
this Agreement is of a high degree of importance to the Company. Therefore, from
the date hereof until the later of (i) the fourth anniversary of the date hereof
or (ii) the date that is one year after Executive is no longer employed by the
Company (the "Noncompete Period"), Executive shall not, directly or indirectly,
engage in the Business, except as an employee or agent of the Company, and shall
not, directly or indirectly, as owner, partner, joint venturer, employee,
broker, agent, corporate officer, principal, licensor, shareholder (unless as
owner of no more than three percent (3%) of the issued and outstanding capital
stock of such entity if such stock is publicly traded) or in any other capacity
whatsoever, engage in or have any connection with any business which is
competitive with the Business, and which operates anywhere in the United States
where the

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Company or any of its subsidiaries, parents or affiliates is doing or has done
business within the prior three (3) years.

         13. RESTRICTIVE COVENANTS.

                  (a) If, in any judicial proceedings, a court shall hold that
the duration, scope or area restrictions stated herein are unreasonable under
circumstances then existing, the parties agree that the maximum duration, scope
or area reasonable under such circumstances shall be substituted for the stated
duration, scope or area and that the court shall be allowed to revise the
restrictions contained herein to the maximum period, scope or area permitted by
law. In the event the Company should bring any legal action or other proceeding
against Executive for enforcement of this Agreement, the calculation of the
Noncompete Period, if any, shall not include the period of time commencing with
the filing of legal action or other proceeding to enforce this Agreement through
the date of final judgment or final resolution including all appeals, if any, of
such legal action or other proceeding unless the Company is receiving the
practical benefits of Section 12 during such time.

                  (b) Executive hereby acknowledges that the restrictions on his
activity as contained in this Agreement are required for the Company's
reasonable protection and is a material inducement to the Company to enter into
this Agreement. Executive hereby agrees that in the event of the violation by
him of any of the provisions of this Agreement, the Company will be entitled to
institute and prosecute proceedings at law and/or in equity to obtain damages
with respect to such violation or to enforce the specific performance of this
Agreement by Executive or to enjoin Executive from engaging in any activity in
violation hereof. The prevailing party in any litigation brought to enforce the
restrictive provisions contained in this Agreement shall be entitled to
reimbursement from the nonprevailing party for reasonable attorneys' fees and
expenses incurred in connection with such litigation. The existence of any claim
or cause of action by Executive against the Company predicated on this Agreement
shall not constitute a defense to the enforcement by the Company of these
covenants.

                  (c) Notwithstanding anything to the contrary contained herein,
in the event that Executive engages in any conduct prohibited by Sections 10,
11, or 12 hereof for any reason whatsoever, Executive shall not receive any of
the severance benefits he otherwise would be entitled to receive pursuant to
Section 9 hereof.

         14. NOTICES. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing and if sent by registered mail to
the addresses below or to such other address as either party shall designate by
written notice to the other:

                  IF TO EXECUTIVE:

                  To the address set forth below his signature on the signature
                  page hereof.

                  IF TO THE COMPANY:

                  Chief Financial Officer
                  c/o Orius Corp.
                  1401 Forum Way, Suite 400
                  West Palm Beach, Florida 33401

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         15. ENTIRE AGREEMENT; MODIFICATION.

                  (a) This Agreement contains the entire agreement of the
Company and Executive, and the Company and Executive hereby acknowledge and
agree that this Agreement supersedes any prior statements, writings, promises,
understandings or commitments between the parties hereof.

                  (b) No future oral statements, promises or commitments with
respect to the subject matter hereof, or other purported modification hereof,
shall be binding upon the parties hereto unless the same is reduced to writing
and signed by each party hereto.

                  (c) By entering into this Agreement, Company and Executive
hereby terminate any prior employment agreement by and between the Company and
Executive. Additionally, by executing this Agreement, each the Company and
Executive acknowledge and agree that there is no default or breach by either
party of any such former or current employment agreement, and each the Company
and Executive hereby waives, releases and remises any and all claims arising
from or related thereto.

         16. ASSIGNMENT. The rights and obligations of the parties under this
Agreement shall inure to the benefit of and shall be binding upon the successors
and permitted assigns of the parties. Neither party may assign his or its rights
or obligations under this Agreement without the prior written consent of the
other party; provided, however, that the Company may (i) assign any or all of
its rights and interests hereunder to one or more of its Affiliates and/or (ii)
designate one or more of its Affiliates to perform its obligations hereunder (in
any or all of which cases the Company shall nonetheless remain responsible for
the performance of all if it obligations hereunder). As used herein, "Affiliate"
shall have the meaning set forth for such term in Rule 12b-2 of the regulations
promulgated under the Securities Exchange Act.

         17. TERMINATION. All of the provisions of this Agreement shall
terminate after the expiration of the Initial Term or any Additional Term, as
the case may be, except that (i) Section 10 shall survive the termination of
this Agreement and (ii) Sections 11 and 12 shall only terminate upon the
expiration of the Noncompete Period.

         18. NO MITIGATION. Executive shall not be required to mitigate the
amount of any payments due hereunder upon termination of Executive's employment
by seeking other employment or otherwise, nor shall the amount of any such
payments be reduced by any employment by another employer after termination of
Executive's employment hereunder.

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         19. MISCELLANEOUS.

                  (a) The section headings contained herein are for reference
purposes only and shall not in any way affect the meaning or the interpretation
of this Agreement.

                  (b) The failure of any party to enforce any provision of this
Agreement shall in no manner affect the right to enforce the same, and the
waiver by any party of any breach of any provision of this Agreement shall not
be construed to be a waiver by such party of any succeeding breach of such
provision or a waiver by such party of any breach of any other provision.

                  (c) All written notices required in this Agreement shall be
sent postage prepaid by certified or registered mail, return receipt requested
or by overnight delivery service against receipt or by overnight delivery
service against receipt.

                  (d) In the event any one or more of the provisions of this
Agreement shall for any reason be held invalid, illegal or unenforceable, the
remaining provisions of this Agreement shall be unimpaired, and the invalid,
illegal or unenforceable provision shall be replaced by a mutually acceptable
valid, and enforceable provision which comes closest to the intent of the
parties.

                  (e) The prevailing party in any litigation brought to enforce
the provisions contained in this Agreement shall be entitled to reimbursement
from the nonprevailing party for reasonable attorneys' fees and expenses
incurred in connection with such litigation.

                  (f) This Agreement may be executed in any number of
counterparts, each of which shall constitute an original and all of which
together shall constitute one and the same instrument.

                  (g) This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida. Exclusive venue for any
dispute with respect to this Agreement shall reside in a court of competent
jurisdiction in Palm Beach County, Florida.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

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         IN WITNESS WHEREOF, the parties have executed this Employment Agreement
as of the day and year first above written.

                                            ORIUS CORP.

                                            By: /s/ William J. Mercurio
                                                --------------------------------

                                            EXECUTIVE

                                            /s/ Martin Kobs
                                            ------------------------------------
                                            Martin Kobs

                                            Address:
                                                    ----------------------------

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

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

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                                                                 EXHIBIT 10.3(D)

                         INTELLIGENT SYSTEMS CORPORATION

                    NON-EMPLOYEE DIRECTORS' STOCK OPTION PLAN

         1.       PURPOSE. The purpose of the Intelligent Systems Corporation
Non-Employee Directors' Stock Option Plan (the "Plan") is to advance the
interests of Intelligent Systems Corporation (the "Company"), a Georgia
corporation, and its shareholders by providing members of the Company's Board of
Directors (the "Board") who are not employees of the Company or any of its
subsidiaries with additional incentives to promote the success of the Company,
to increase their proprietary interest in the success of the Company, and to
encourage them to remain on its Board.

         2.       ADMINISTRATION.

         This Plan shall be administered by the Board or a committee appointed
by it for the purpose of administering the Plan (the Board or such committee, as
the case may be, in such administrative capacity being hereinafter referred to
as the "Administrator"). The Administrator shall have all the powers vested in
it by the terms of the Plan, which include the authority (within the limitations
described herein) to prescribe the form of the agreements embodying the awards
of the non-qualified stock options (the "Options"). The Administrator, subject
to the provisions of the Plan, shall grant Options under the Plan and shall have
the power to construe the Plan, to determine all questions arising hereunder,
and to adopt and amend such rules and regulations for the administration of the
Plan as it may deem desirable. Any decision of the Administrator in the
administration of the Plan, as described herein, shall be final and conclusive.
The Administrator may act only by a majority of its members in office, except
that the members of the Administrator may authorize any one or more of their
number or the Secretary or any other executive officer of the Company to execute
and deliver documents on behalf of the Administrator.

         3.       PARTICIPATION. Each member of the Board of the Company who is
not an employee of the Company or any of its subsidiaries (a "Non-Employee
Director") shall receive Options in accordance with Paragraph 5 below. As used
herein, the term "subsidiary" means any corporation at least 50% of whose
outstanding voting stock is owned, directly or indirectly, by the Company.

         4.       AWARDS UNDER THE PLAN.

         (a)      Type of Awards. Awards under the Plan shall include only
Options, which are rights to purchase shares of the common stock of the Company
having a par value of $.01 per share (the "Shares"). All Options are subject to
the terms, conditions, and restrictions specified in this Plan.

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         (b)      Maximum Number of Shares That May be Issued. No more than
200,000 Shares, subject to adjustment as provided in Paragraph 6 below, may be
issued under the Plan pursuant to the exercise of Options.

         (c)      Rights with Respect to Shares. A Non-Employee Director to whom
an Option is granted (and any person succeeding to such a Non-Employee
Director's rights pursuant to the Plan) shall have no rights as a shareholder
with respect to any Shares issuable pursuant to any such Option until the date
of the issuance of a stock certificate to him for such Shares. Except as
provided in Paragraph 6 below, no adjustment shall be made for dividends,
distributions, or other rights (whether ordinary or extraordinary, and whether
in cash, securities, or other property) for which the record date is prior to
the date such stock certificate is issued.

         5.       NON-QUALIFIED STOCK OPTIONS. All Options shall be
non-qualified. Each Option shall be evidenced by an agreement in such form as
the Board shall prescribe from time to time in accordance with the Plan and
shall be subject to the following terms and conditions:

         (a)      The Option exercise price shall be the fair market value of
the Shares subject to such Option on the date the Option is granted. The fair
market value per Share on any date shall mean the closing sales price, regular
way, or in the absence thereof, the mean of the last reported bid and asked
quotations, on the date of grant.

         (b)      Each Non-Employee Director on the date of adoption of the Plan
shall receive an Option for 5,000 Shares. Any Non-Employee Director initially
elected to the Board subsequent to the adoption of the Plan shall receive an
Option for 5,000 Shares upon his election to the Board. Beginning on the date of
the adoption of this Plan, on the date of the Annual Meeting of Shareholders
each year thereafter during the life of this Plan, each Non-Employee Director
then serving, shall receive an Option for 4,000 Shares. Such Options shall be
subject to the terms, conditions and restrictions specified in this Plan.

         (c)      An Option shall not be transferable by the optionee other than
by will or the laws of descent and distribution, or pursuant to a qualified
domestic relations order as defined by the Internal Revenue Code of 1986, as
amended, or Title I of the Employee Retirement Income Security Act of 1974, as
amended.

         (d)      All Options shall have a term not to exceed ten (10) years and
shall become cumulatively exercisable as to 50 percent of the shares covered
thereby on each of the first and second anniversaries of the date of grant, so
that on and after the second anniversary the Option shall be exercisable (to the
extent not theretofore exercised) as to all of the Shares covered thereby. If an
Option becomes exercisable on any such anniversary as to other than a whole
number of Shares, such number shall be rounded down to the nearest whole number.

         (e)      An Option shall not be exercisable unless payment in full is
made for the Shares being acquired thereunder at the time of exercise, such
payment to be made in United States Dollars by cash or check. It is expressly
acknowledged, however, that to the extent permitted by

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Section 16 of the Securities Exchange Act of 1934 ("Section 16") "Cashless"
exercises are permitted under this Plan.

         (f)      Subject to Subparagraph 5(g) with respect to a Change of
Control (as hereinafter defined), if a participant ceases to be a Non-Employee
Director, the Non-Employee Director shall continue to have the right to exercise
any Options for Shares that were exercisable at the time the Non-Employee
Director ceased being a Non-Employee Director. All Options that were not
exercisable at the time the Non-Employee Director ceased being a Non-Employee
Director, shall be cancelled and of no further force or effect.

         (g)      Notwithstanding any other contrary provision of this Plan, any
outstanding Option which has not by its terms expired shall become exercisable
in full in the event of a Change in Control. For purposes of this paragraph (g),
a Change in Control shall mean:

                  (i)      The accumulation by an unrelated person of beneficial
         ownership of more than 25% of the Company's stock; or

                  (ii)     The sale, or agreement to sell, all or substantially
         all of the Company's assets to an unrelated person, in a merger or
         otherwise; or

                  (iii)    A change in control within the meaning of the SEC
         rules (control means "the possession, direct or indirect, of the power
         to direct or cause the direction of the management and policies of a
         person, whether through ownership of voting securities, by contract, or
         otherwise").

         6.       CAPITAL ADJUSTMENTS. The number and price of Shares covered by
each Option and the total number of Shares that may be optioned and sold under
the Plan shall be proportionately adjusted to reflect any stock dividend, stock
split, or share combination of the common stock or any recapitalization of the
Company. In the event of any merger, consolidation, reorganization, liquidation,
or dissolution of the Company, or any exchange of Shares involving the common
stock, any Option granted under the Plan shall automatically be deemed to
pertain to the securities and other property to which a holder of the number of
Shares covered by the Option would have been entitled to receive in connection
with any such event. The Administrator shall have the sole discretion to make
all interpretations and determinations required under this paragraph to the
extent it deems equitable and appropriate.

                  The Company, during the term of the Options granted hereunder,
shall at all times reserve and keep available, and will seek to obtain from any
regulatory body having jurisdiction, any requisite authority in order to issue
and sell such number of Shares of common stock as shall be sufficient to satisfy
the requirements of the Options granted under the Plan. If, in the opinion of
its counsel, the issuance or sale of any Shares of its stock hereunder shall not
be lawful for any reason, including the inability of the Company to obtain from
any regulatory body having jurisdiction authority deemed by such counsel to be
necessary to such issuance or sale, the Company shall not be obligated to issue
or sell any such Shares.

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         7.       DEATH OR TOTAL DISABILITY. If any person to whom an Option has
been granted shall die or become totally disabled while holding an Option that
has not been fully exercised, his executors, administrators, heirs, personal
representatives, or distributees, as the case may be, may, at any time until the
expiration of the term of the Option, exercise the Option to the extent it was
exercisable at the date of such participant's death or total disability. All
Options that were not exercisable at the date of such participant's death or
total disability shall be cancelled and of no further force and effect.

         8.       INDEMNIFICATION. Each person who is or shall have been a
member of the Board shall be indemnified and held harmless by the Company
against and from any and all loss, cost, liability, or expense that may be
imposed upon or reasonably incurred by him in connection with or resulting from
any claim, action, suit, or proceeding to which he may be or become involved by
reason of any action taken or failure to act under the Plan and against and from
any and all amounts paid by him in settlement thereof (with the Company's
written approval) or paid by him in satisfaction of a judgment in any such
action, suit, or proceeding, except a judgment in favor of the Company based
upon a finding of his lack of good faith; subject, however, to the condition
that upon the institution of any claim, action, suit, or proceeding against him,
he shall in writing give the Company an opportunity, at its expense, to handle
and defend the same before he undertakes to handle and defend it on such
person's own behalf. The foregoing right of indemnification shall not be
exclusive of any other right to which such person may be entitled as a matter of
law or otherwise, or any power that the Company may have to indemnify him or
hold him harmless. Each member of the Board and each officer and employee of the
Company shall be fully justified in relying or acting in good faith upon any
information furnished in connection with the administration of the Plan by any
appropriate person or persons other than himself. In no event shall any person
who is or shall have been a member of the Board or an officer or employee of the
Company be held liable for any determination made or other action taken or any
omission to act in reliance upon any such information as referred to in the
preceding sentence, or for any action (including the furnishing of information)
taken or any omission to act, when any such determination, action, or omission
is made in good faith.

         9.       MISCELLANEOUS PROVISIONS.

         (a)      No Non-Employee Director or other person shall have any claim
or right to be granted an Option under the Plan. Neither the Plan nor any action
taken hereunder shall be construed as giving a Non-Employee Director any right
to be retained in the service of the Company.

         (b)      A participant's rights and interests under the Plan may not be
assigned or transferred in whole or in part either directly or by operation of
law or otherwise (except in the event of a participant's death, by will or the
laws of descent and distribution or pursuant to a qualified domestic relations
order), including, but not by way of limitation, execution, levy, garnishment,
attachment, pledge, bankruptcy, or in any other manner, and no such right or
interest of any participant in the Plan shall be subject to any obligation or
liability of such

                                       4
<PAGE>   5

participant.

         (c)      No Shares shall be issued hereunder unless counsel for the
Company shall be satisfied that such issuance will be in compliance with
applicable federal, state, and other securities laws.

         (d)      The Shares issued hereunder may not be sold except in full
compliance with Section 16 and all other applicable federal, state and other
securities laws. In particular, but without limiting the foregoing, no Shares
received pursuant to an exercise of an Option may be sold within 6 months of a
purchase that is subject to the liability provisions of Section 16.

         (e)      It shall be a condition to the obligation of the Company to
issue Shares upon exercise of an Option that the participant (or any beneficiary
or person entitled to act under paragraph 7 above) pay to the Company, upon its
demand, such amount as may be requested by the Company for the purpose of
satisfying any liability to withhold federal, state, local, or foreign income or
other taxes. If the amount requested is not paid, the Company may refuse to
issue Shares.

         (f)      The expenses of administration of the Plan shall be borne by
the Company.

         (g)      The Plan shall be unfunded. The Company shall not be required
to establish any special or separate fund or to make any other segregation of
assets to ensure the issuance of Shares upon exercise of any Option under the
Plan and issuance of Shares upon exercise of Options shall be subordinate to the
claims of the Company's general creditors.

         (h)      By accepting any Option or other benefit under the Plan, each
participant and each person claiming under or through him shall be conclusively
deemed to have indicated his acceptance and ratification of, and consent to, any
action taken under the Plan by the Company or the Administrator.

         (i)      The appropriate officers of the Company shall cause to be
filed any reports, returns, or other information regarding Options hereunder or
any Shares issued pursuant hereto as may be required by the Securities Exchange
Act of 1934, as amended, the Securities Act of 1933, as amended, or any other
applicable statute, rule, or regulation (excluding reports pursuant to Section
16, which shall be the sole responsibility of a Non-Employee Director who
receives or exercises an Option).

         10.      AMENDMENT. The Plan may be amended at any time and from time
to time by the Board as the Board shall deem advisable. No amendment of the Plan
shall materially and adversely affect any right of any participant with respect
to any Option theretofore granted without such participant's written consent.

         11.      TERMINATION. This Plan shall terminate upon the earlier of the
following dates or events to occur:

                                       5
<PAGE>   6

         (a)      upon the adoption of a resolution of the Board terminating the
Plan; or

         (b)      ten years from the date the Plan is initially approved and
adopted by the Board.

No termination of the Plan shall materially and adversely affect any of the
rights or obligations of any person, without his or her consent, under any
Option theretofore granted under the Plan.

                                       6

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