Document:

EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

     CONSULTING  AGREEMENT by and between Silver King Resources,  Inc. (Company)
and Unicor,  Inc.,  (Consultant).  Unicor, Inc. will furnish the services of Dr.
Roger LeRoy Miller in conjunction with this agreement.

     For good  consideration,  Company shall retain and the Consultant agrees to
be retained on the following terms:

     1. Effective Date:

     2. Employment shall commence upon closing of the transactions contemplated
in the  Agreement and Plan of Merger by and among Silver King  Resources,  Inc.,
Silver King Acquisition, Inc. and eNexi Inc. and Principal Stockholders of eNexi
Inc., dated March 21, 2000.

     3. Duties:

                      Consultant agrees to perform the following duties:

              Assist  the  Company  in  developing  and  implementing  it's core
              product  and  infrastructure,  assist  in  the  management  of the
              Company's  staff and in the  attainment  of funding  from  outside
              sources.

              Consultant   shall  also  perform  such  further   duties  as  are
              incidental  or implied  from the  foregoing,  consistent  with the
              background,  training and  qualifications  of Consultant or may be
              reasonable  delegated  as  being  in  the  best  interests  of the
              Company.  The Consultant  shall devote full time to his employment
              and  expend  best  efforts  on behalf of the  Company.  Consultant
              further  agrees to abide by all  reasonable  Company  policies and
              decisions now or hereinafter existing.

     4. Term:

     The Consultant's employment shall continue for a period of one (1) year(s),
beginning  upon closing of the  transactions  contemplated  in the Agreement and
Plan  of  Merger  by  and  among  Silver  King  Resources,   Inc.,  Silver  King
Acquisition, Inc. and eNexi Inc. and Principal Stockholders of eNexi Inc., dated
March 21, 2000.

     5. Compensation:

                      The Consultant shall be paid the following compensation:

                  Fees:  $10,000, to be paid on a monthly basis.

     6. Termination:

                      This agreement may be earlier terminated upon:

               a. Death of  Consultant  or illness or  incapacity  that prevents
          Consultant from substantially performing for six (6) continuous months
          or in excess of 130 aggregate working days in any calendar year.

               b. Breach of agreement by Consultant.

<PAGE>
     7. Renewal:

                      Should  Consultant  remain in the  employ  of the  Company
              after the termination  date of this  Agreement,  the terms of this
              Agreement  shall  remain in full  force  effect,  except  that the
              continued term of employment  shall be at the will of the parties,
              and can be ended at any time, for any reason, by either party.

     8. Miscellaneous:

     a. Consultant agrees to execute a non-compete agreement as annexed hereto.

     b.  Consultant  agrees to execute a confidential  information and invention
assignment agreement as annexed hereto.

     c.  Consultant  agrees  that  during the term of this  agreement  and for a
period of two (2) years thereafter, Consultant will not:

               i.  Induce or  attempt  to  induce  any  Consultant  to leave the
          Company's employ;

               ii. Interfere with or disrupt the Company's relationship with any
          of its Consultants;

               iii. Solicit or employ any person employed by the Company.

     d. This  agreement  shall not be assignable by either party,  provided that
upon any sale of this business by Company, the Company may assign this agreement
to its successor or Consultant may terminate same.

     e. In the event of any dispute under this  agreement,  it shall be resolved
through  binding  arbitration  in  accordance  with the  rules  of the  American
Arbitration Association.

     f.  This  constitutes  the  entire  agreement  between  the  parties.   Any
modification must be in writing.

              Signed under seal this 19th day of May, 2000.

                                                     SILVER KING RESOURCES, INC.

                                                    /s/LARRY MAYLE

                                                     UNICOR, INC.

                                                    /s/ROGER LEROY MILLEREXHIBIT 10.3

                              ENEXI HOLDINGS, INC.

                           2000 EQUITY INCENTIVE PLAN

1. PURPOSE.  The purpose of this plan is to provide incentives to attract retain
and motivate  eligible  persons whose present and  potential  contributions  are
important  to the  success  of the  Company,  its Parent  and  Subsidiaries,  by
offering them an opportunity to participate in the Company's future  performance
through awards of Options and Restricted Stock. Capitalized terms not defined in
the text are defined in Section 22 hereof. This Plan is intended to be a written
compensatory  benefit plan within the meaning of Rule 701 promulgated  under the
Securities Act.

2. SHARES SUBJECT TO THE PLAN.
   ---------------------------

         2.1 Number of shares  Available.  Subject to Sections 2.2 and 17hereof,
         the  total  number  of  Shares  reserved  and  available  for grant and
         issuance  pursuant to this Plan will be  1,500,000  Shares.  Subject to
         Sections 2.2, 5.10 and 17 hereof,  Shares subject to Awards  previously
         granted  will again be available  for grant and issuance in  connection
         with future Awards under this Plan to the extent such Shares: (i) cease
         to be subject to issuance upon exercise of an Option, other than due to
         exercise of such Option; (ii) are subject to an Award granted hereunder
         but the Shares  subject to such Award are forfeited or  repurchased  by
         the Company at the  original  issue  price;  or (iii) are subject to an
         Award that otherwise  terminates  without  Shares being issued.  At all
         times the Company will reserve and keep  available a sufficient  number
         of Shares as will be required to satisfy the requirements of all Awards
         granted and outstanding under this Plan.

         2.2  Adjustment of Shares.  In the event that the number of outstanding
         shares of the  Company's  Common Stock is changed by a stock  dividend,
         re-capitalization,  stock  split,  reverse  stock  split,  subdivision,
         combination,   reclassification   or  similar  change  in  the  capital
         structure of the Company without consideration,  then (i) the number of
         Shares  reserved for issuance under this Plan, (ii) the Exercise Prices
         of and number of Shares  subject to  outstanding  Options and (iii) the
         Purchase  Prices of and number of Shares  subject to other  outstanding
         Awards will be proportionately adjusted, subject to any required action
         by the Board or the  shareholders  of the Company and  compliance  with
         applicable  securities  laws;  provided,  however,  that fractions of a
         Share  will not be issued  but will  either be paid in cash at the Fair
         Market Value of such fraction of a Share or will be rounded down to the
         nearest whole Share, as determined by the Committee.

3.  ELIGIBILITY.  ISOs (as defined in Section 5 hereof)  may be granted  only to
employees  (including  officers and  directors  who are also  employees)  of the
Company  or of a Parent or  Subsidiary  of the  Company.  NQSOs (as  defined  in
Section 5 hereof)  and  Restricted  Stock  Awards may be  granted to  employees,
officers,  directors and  consultants of the Company or any Parent or Subsidiary
of the  Company;  provided  such  consultants  render bona fide  services not in
connection  with  the  offer  and  sale  of  securities  in  a  capital  raising
transaction. A person may be granted more than one Award under this plan.

4. ADMINISTRATION.
   --------------

         4.1  Committee  Authority.  This  Plan  will  be  administered  by  the
Committee or by the Board,  if no Committee is created by the Board.  Subject to
the general purposes, terms and conditions of this Plan, and to the direction of
the Board,  the  Committee  will have full power to implement and carry out this
plan without limitation, the Committee will have the authority to:

     (a) construe and  interpret  this Plan,  any Award  Agreement and any other
agreement or document executed pursuant to this Plan;

<PAGE>
     (b)  prescribe,  amend and rescind rules and  regulations  relating to this
Plan;

     (c) approve persons to receive Awards;

     (d) determine the form and terms of Awards;

     (e)  determine  the  number  of Shares or other  consideration  subject  to
Awards;

     (f) determine  whether Awards will be granted singly,  in combination with,
in tandem with, in  replacement  of, or as  alternatives  to, other Awards under
this  plan or  awards  under any other  incentive  or  compensation  plan of the
Company or any Parent or Subsidiary of the Company;

     (g) grant waivers of any conditions of this plan or any Award;

     (h) determine the terms of vesting, exercisability and payment of Awards;

     (i) correct any defect, supply any omission, or reconcile any inconsistency
in this Plan,  any Award,  any Award  Agreement,  any Exercise  Agreement or any
Restricted Stock Purchase Agreement;

     (j) determine whether an Award has been earned;

     (k)  make  all  other   determinations   necessary  or  advisable  for  the
administration of this Plan; and

     (1) extend the vesting period beyond a Participant's Termination Date.

         4.2 Committee Discretion.  Unless in contravention of any express terms
of this plan or Award, any  determination  made by the Committee with respect to
any Award will be made in its sole discretion either (i) at the time of grant of
the Award,  or (ii) subject to Section 5.9 hereof,  at any later time.  Any such
determination will be final and binding on the Company and on all persons having
an interest in any Award under this Plan.  The  Committee may delegate to one or
more  officers of the Company the  authority  to grant an Award under this Plan,
provided such officer or officers are members of the Board.

5. OPTIONS.  The Committee  may grant Options to eligible  persons  described in
Section 3 hereof and will determine whether such Options will be Incentive Stock
Options  within the meaning of the Code ("ISOs") or  Nonqualified  Stock Options
("NQSOs"), the number of Shares subject to the Option, the Exercise Price of the
Option, the period during which the Option may be exercised, and all other terms
and conditions of the Option, subject to the following:

         5.1 Form of Option Grant.  Each Option  granted under this plan wil lbe
evidenced by an Award Agreement  which will expressly  identify the Option as an
ISO or an NQSO ("Stock Option Agreement") , and will be in such form and contain
such  provisions  (which  need  not be the same  for  each  Participant)  as the
Committee  may from time to time  approve,  and which  will  comply  with and be
subject to the terms and conditions of this Plan.

         5.2 Date of Grant.  The date of grant of an Option  will be the date on
which the Committee makes the determination to grant such Option, unless a later
date is otherwise  specified by the Committee.  The Stock Option Agreement and a
copy of this plan will be delivered to the Participant  within a reasonable time
after the granting of the Option.

         5.3 Exercise Period. Options may be exercisable immediately but subject
to  repurchase  pursuant to Section 11 hereof or may be  exercisable  within the
times or upon the events  determined  by the Committee as set forth in the Stock
Option Agreement governing such Option;  provided,  however, that no Option will
be  exercisable  after the expiration of ten (10) years from the date the Option
is granted; and provided further that no ISO granted to a person who directly or
by  attribution  owns more than ten percent (10%) of the total  combined  voting
power of all classes of stock of the Company or of any Parent or  Subsidiary  of
the Company ("Ten Percent Shareholder") will be exercisable after the expiration
of five (5)  years  from the date the ISO is  granted.  The  Committee  also may
provide  for  Options  to become  exercisable  at one time or from time to time,
periodically  or otherwise,  in such number of Shares or percentage of Shares as
the  Committee  determines.  Subject  to  earlier  termination  of the Option as
provided herein, each Participant who is not an officer,  director or consultant
of the Company or of a Parent or  Subsidiary of the Company shall have the right
to  exercise  an Option  granted  hereunder  at the rate of no less than  twenty
percent (20%) per year over five (5) years from the date such Option is granted.
<PAGE>
         5.4 Exercise Price.  The Exercise Price of an Option will be determined
by the Committee when the Option is granted and may not be less than eighty-five
percent  (85%) of the Fair  Market  Value of the  Shares  on the date of  grant;
provided that (i) the Exercise Price of an ISO will not be less than one hundred
percent  (100%) of the Fair Market  Value of the Shares on the date of grant and
(ii) the Exercise Price of any Option granted to a Ten Percent  Shareholder will
not be less than one hundred ten percent  (110%) of the Fair Market Value of the
Shares on the date of grant.  Payment for the Shares  purchased  must be made in
accordance with Section 7 hereof.

         5.5 Method of Exercise.  Options may be  exercised  only by delivery to
the  Company  of a  written  stock  option  exercise  agreement  (the  "Exercise
Agreement") in a form approved by the Committee  (which need not be the same for
each  Participant) . The Exercise  Agreement will state (i) the number of Shares
being  purchased,  (ii) the  restrictions  imposed on the Shares purchased under
such Exercise Agreement,  if any, and (iii) such  representations and agreements
regarding  Participant's  investment  intent and access to information and other
matters,  if any, as may be required or  desirable by the Company to comply with
applicable securities laws. Participant shall execute and deliver to the Company
the Exercise  Agreement together with payment in full of the Exercise Price, and
any applicable taxes, for the number of Shares being purchased.

         5.6 Termination.  Subject to earlier termination pursuant to Sections17
and 18 hereof and  notwithstanding  the exercise  periods set forth in the Stock
Option Agreement, exercise of an Option will always be subject to the following:

     (a) If the  Participant  is  terminated  for any reason  other than  death,
Disability or for Cause,  then the Participant  may exercise such  Participant's
Options  only  to  the  extent  that  such  Options  are  exercisable  upon  the
Termination Date or as otherwise determined by the Committee.  Such Options must
be  exercised  by the  Participant,  if at all,  as to all or some of the Vested
Shares  calculated as of the  Termination  Date or such other date determined by
the  Committee,  within three (3) months after the  Termination  Date (or within
such shorter time period,  not less than thirty (30) days, or within such longer
time period,  not exceeding five (5) years, after the Termination Date as may be
determined by the Committee, with any exercise beyond three (3) months after the
Termination  Date  deemed to be an NQSO)  but in any  event,  no later  than the
expiration date of the Options.

     (b) if the  Participant  is Terminated  because of  Participant's  death or
Disability (or the Participant  dies within three (3) months after a Termination
other than for Cause),  then Participant's  Options may be exercised only to the
extent that such Options are exercisable by Participant on the Termination  Date
or as otherwise  determined by the Committee.  Such options must be exercised by
Participant (or Participant's legal representative or authorized  assignee),  if
at all, as to all or some of the Vested Shares  calculated as of the Termination
Date or such other date  determined by the Committee,  within twelve (12) months
after the  Termination  Date (or within such shorter time period,  not less than
six (6) months, or within such longer time period, not exceeding five (5) years,
after the  Termination  Date as may be  determined  by the  Committee,  with any
exercise  beyond  (i)  three (3)  months  after  the  Termination  Date when the
Termination is for any reason other than the Participant's  death or disability,
within the meaning of Section  22(e) (3) of the Code, or (ii) twelve (12) months
after the Termination Date when the Termination is for Participant's disability,
within the meaning of Section  22(e) (3) of the Code,  deemed to be an NQSO) but
in any event no later than the expiration date of the Options.

     (c) If the Participant is terminated for Cause, then Participant's  Options
shall expire on such  Participant's  Termination Date, or at such later time and
on such conditions as are determined by the Committee.

<PAGE>
         5.7   Limitations  on Exercise.  The Committee may specify a reasonable
minimum  number of Shares that may be  purchased  on any  exercise of an Option,
provided that such minimum number will not prevent  Participant  from exercising
the Option for the full number of Shares for which it is then exercisable.

         5. 8 Limitations on ISOs.  The aggregate Fair Market Value  (determined
as of the date of grant) of Shares  with  respect to which ISOs are  exercisable
for the first time by a Participant during any calendar year (under this Plan or
under any other  incentive  stock  option  plan of the  Company or any Parent or
Subsidiary  of the  Company)  will  not  exceed  One  Hundred  Thousand  Dollars
($100,000). If the Fair Market Value of Shares on the date of grant with respect
to which ISOs are  exercisable  for the first time by a  Participant  during any
calendar year exceeds One Hundred Thousand Dollars ($100,000),  then the Options
for the first One Hundred Thousand Dollars  ($100,000) worth of Shares to become
exercisable in such calendar year will be ISOs and the Options for the amount in
excess of One Hundred  Thousand  Dollars  ($100,000) that become  exercisable in
that calendar year will be NQSOs.  In the event that the Code or the regulations
promulgated  there under are  amended  after the  Effective  Date (as defined in
Section 18 hereof) to provide for a different  limit on the Fair Market Value of
Shares  permitted  to be  subject  to ISOs,  then such  different  limit will be
automatically  incorporated  herein and will apply to any Options  granted after
the effective date of such amendment.

         5. 9  Modification,  Extension or Renewal.  The  Committee  may modify,
extend or renew  outstanding  Options and  authorize the grant of new Options in
substitution  therefore,  provided  that any such  action may not,  without  the
written consent of a Participant,  impair any of such Participant's rights under
any Option previously granted.  Any outstanding ISO that is modified,  extended,
renewed or otherwise  altered will be treated in accordance  with Section 424(h)
of the Code.  Subject to  Section  5.10  hereof,  the  Committee  may reduce the
Exercise Price of outstanding  Options  without the consent of Participants by a
written notice to them;  provided,  however,  that the Exercise Price may not be
reduced below the minimum  Exercise Price that would be permitted  under Section
5.4  hereof  for  Options  granted on the date the action is taken to reduce the
Exercise Price.

         5.10 No  Disqualification.  Notwithstanding any other provision in this
Plan,  no term of this plan  relating  to ISOs will be  interpreted,  amended or
altered,  nor will any  discretion  or  authority  granted  under  this  Plan be
exercised,  so as to  disqualify  this Plan  under  Section  422 of the Code or,
without the consent of the  Participant,  to disqualify  any  Participant's  ISO
under Section 422 of the Code.

6. RESTRICTED STOCK. A Restricted Stock Award is an offer by the Company to sell
to an eligible person Shares that are subject to certain specified restrictions.
The Committee will determine to whom an offer will be made, the number of Shares
the person may  purchase,  the Purchase  Price,  the  restrictions  to which the
Shares will be subject,  and all other terms and  conditions  of the  Restricted
Stock Award, subject to the following:

         6.1 Form of Restricted  Stock Award.  All purchases  under a Restricted
Stock Award made  pursuant to this plan will be evidenced by an Award  Agreement
("Restricted  Stock Purchase  Agreement")  that will be in such form (which need
not be the same for each  Participant)  as the Committee  will from time to time
approve, and will comply with and be subject to the terms and conditions of this
Plan. The Restricted Stock Award will be accepted by the Participant's execution
and delivery of the Restricted Stock Purchase Agreement and full payment for the
Shares to the Company within thirty (30) days from the date the Restricted Stock
Purchase  Agreement is delivered to the person.  If such person does not execute
and deliver the Restricted Stock Purchase  Agreement along with full payment for
the Shares to the Company  within  such  thirty  (30) days,  then the offer will
terminate, unless otherwise determined by the Committee.

         6.2 Purchase  Price.  The Purchase  Price of Shares sold  pursuant to a
Restricted  Stock Award will be determined by the Committee and will be at least
eighty five percent (85%) of the Fair Market Value of the Shares on the date the
Restricted  Stock Award is granted or at the time the  purchase is  consummated,
except in the case of a sale to a Ten  Percent  Shareholder,  in which  case the
Purchase  Price will be one hundred  percent  (100%) of the Fair Market Value on
the date the  Restricted  Stock Award is granted or at the time the  purchase is
consummated.  Payment  of the  Purchase  Price must be made in  accordance  with
Section 7 hereof.

        6.3 Restrictions. Restricted Stock Awards may be subject to the
restrictions set forth in Section 11 hereof .

 7. PAYMENT FOR SHARE PURCHASES.
    ---------------------------

<PAGE>
         7.1 Payment for Shares  purchased  pursuant to this plan may be made in
cash  (by  check)  or,  where  expressly  approved  for the  Participant  by the
Committee and where permitted by law:

     (a) by cancellation of indebtedness of the Company owed to the Participant;

     (b) by  surrender  of  shares  that:  (i)  either  (A) have  been  owned by
Participant  for more than six (6)  months  and have been  paid for  within  the
meaning of SEC Rule 144 (and, if such shares were  purchased from the Company by
use of a  promissory  note,  such note has been fully paid with  respect to such
shares) or (B) were  obtained by  Participant  in the public market and (ii) are
clear of all liens, claims, encumbrances or security interests;

     (c) by tender of a full recourse  promissory  note having such terms as may
be approved by the Committee and bearing  interest at a rate sufficient to avoid
imputation of income under Sections 483 and 1274 of the Code; provided, however,
that  Participants who are not employees or directors of the Company will not be
entitled to purchase Shares with a promissory note unless the note is adequately
secured by collateral other than the Shares;

     (d) by waiver of compensation  due or accrued to the  Participant  from the
Company for services rendered;

     (e) with respect only to purchases upon exercise of an Option, and provided
that a public market for the Company's stock exists:

         (i) through a "same day sale"  commitment  from the  Participant  and a
broker dealer that is a member of the National Association of Securities Dealers
(an "NASD Dealer")  whereby the Participant  irrevocably  elects to exercise the
Option and to sell a portion of the Shares so  purchased  sufficient  to pay the
total  Exercise  Price,  and whereby the NASD Dealer  irrevocably  commits  upon
receipt of such  Shares to forward  the total  Exercise  Price  directly  to the
Company;  or (ii) through a "margin" commitment from the Participant and an NASD
Dealer whereby the Participant  irrevocably elects to exercise the Option and to
pledge  the  Shares  so  purchased  to the NASD  Dealer in a margin  account  as
security  for a loan from the NASD  Dealer in the  amount of the total  Exercise
Price,  and whereby the NASD Dealer  irrevocably  commits  upon  receipt of such
Shares to forward the total Exercise Price directly to the Company; or

     (f) by any combination of the foregoing.

         7.2 Loan Guarantees.  The Committee may, in its sole discretion,  elect
to assist the  Participant  in paying for  Shares  purchased  under this plan by
authorizing a guarantee by the Company of a third party loan to the Participant.

8. WITHHOLDING TAXES.
   -----------------

         8.1  Withholding  Generally.  Whenever  Shares  are  to  be  issued  in
satisfaction  of Awards  granted  under this Plan,  the  Company may require the
Participant  to remit to the Company an amount  sufficient  to satisfy  federal,
state  and local  withholding  tax  requirements  prior to the  delivery  of any
certificate or certificates for such Shares. Whenever, under this Plan, payments
in  satisfaction  of Awards are to be made in cash by the Company,  such payment
will be net of an  amount  sufficient  to  satisfy  federal,  state,  and  local
withholding tax requirements.

         8.2 Stock  Withholding.  When, under applicable tax laws, a Participant
incurs tax  liability  in  connection  with the exercise or vesting of any Award
that is subject to tax  withholding  and the Participant is obligated to pay the
Company  the amount  required  to be  withheld,  the  Committee  may in its sole
discretion  allow  the  Participant  to  satisfy  the  minimum  withholding  tax
obligation by electing to have the Company withhold from the Shares to be issued
that  number of Shares  having a Fair Market  Value equal to the minimum  amount
required  to be  withheld,  determined  on the date that the amount of tax to be
withheld is to be  determined.  All  elections by a  Participant  to have Shares
withheld  for this  purpose  will be made in  accordance  with the  requirements
established  by the  Committee  for such  elections  and be in writing in a form
acceptable to the Committee.

9. PRIVILEGES OF STOCK OWNERSHIP.
   -----------------------------

         9.1 Voting and Dividends. No Participant will have any of the rights of
a  shareholder  with  respect to any  Shares  until the Shares are issued to the
Participant. After Shares are issued to the Participant, the Participant will be
a  shareholder  and have all the rights of a  shareholder  with  respect to such
Shares,  including  the  right  to vote  and  receive  all  dividends  or  other
distributions made or paid with respect to such Shares;  provided,  that if such

<PAGE>
Shares are Restricted  Stock, then any new,  additional or different  securities
the  Participant  may become  entitled to receive with respect to such Shares by
virtue of a stock dividend,  stock split or any other change in the corporate or
capital structure of the Company will be subject to the same restrictions as the
Restricted  Stock.  The  Participant  will  have no right to retain  such  stock
dividends  or stock  distributions  with  respect to  Unvested  Shares  that are
repurchased pursuant to Section 11 hereof.

         9.2 Financial Statements. The Company will provide financial statements
to each  Participant  annually  during the period  such  Participant  has Awards
outstanding.  Notwithstanding the foregoing, the Company will not be required to
provide such financial  statements to  Participants  when issuance is limited to
key employees  whose services in connection  with the Company assure them access
to equivalent information.

10.  TRANSFERABILITY.  Awards granted under this Plan, and any interest therein,
will not be transferable or assignable by Participant,  other than by will or by
the laws of descent and distribution,  and may not be made subject to execution,
attachment or similar  process.  During the lifetime of the Participant an Award
will  be   exercisable   only  by  the   Participant  or   Participant's   legal
representative  and any  elections  with respect to an Award may be made only by
the Participant or Participant's legal representative.

11. [Intentionally omitted]

12.  CERTIFICATES.  All certificates  for Shares or other  securities  delivered
under this Plan will be subject to such stock transfer orders, legends and other
restrictions  as the  Committee  may  deem  necessary  or  advisable,  including
restrictions under any applicable  federal,  state or foreign securities law, or
any rules,  regulations and other  requirements of the SEC or any stock exchange
or automated quotation system upon which the Shares may be listed or quoted.

13. [Intentionally omitted]

14.  EXCHANGE AND BUYOUT OF AWARDS.  The Committee may, at any time or from time
to time, authorize the Company, with the consent of the respective Participants,
to issue new Awards in exchange for the surrender and cancellation of any or all
outstanding  Awards.  The Committee  may at any time buy from a  Participant  an
Award  previously  granted with  payment in cash,  shares of Common Stock of the
Company (including Restricted Stock) or other consideration, based on such terms
and conditions as the Committee and the Participant may agree.

15.  SECURITIES  LAW AND  OTHER  REGULATORY  COMPLIANCE.  An  Award  will not be
effective  unless such Award is in compliance  with all  applicable  federal and
state securities  laws, rules and regulations of any governmental  body, and the
requirements of any stock exchange or automated  quotation system upon which the
Shares may then be listed or quoted,  as they are in effect on the date of grant
of the Award and also on the date of exercise or other issuance. Notwithstanding
any other  provision in this Plan,  the Company will have no obligation to issue
or deliver  certificates  for Shares under this plan prior to (i)  obtaining any
approvals from governmental  agencies that the Company  determines are necessary
or  advisable,  and/or (ii)  compliance  with any  exemption,  completion of any
registration  or other  qualification  of such Shares under any state or federal
law or  ruling  of any  governmental  body  that the  Company  determines  to be
necessary or advisable.  The Company will be under no obligation to register the
Shares with the SEC or to effect  compliance  with the exemption,  registration,
qualification  or  listing  requirements  of any state  securities  laws,  stock
exchange or automated  quotation system,  and the Company will have no liability
for any inability or failure to do so.

16. NO  OBLIGATION  TO EMPLOY.  Nothing in this Plan or any Award  granted under
this plan will  confer  or be deemed to confer on any  Participant  any right to
continue  in the employ of, or to  continue  any other  relationship  with,  the
Company or any Parent or Subsidiary of the Company or limit in any way the right
of  the  Company  or any  Parent  or  Subsidiary  of the  Company  to  terminate
Participant's  employment  or other  relationship  at any time,  with or without
Cause.

17.CORPORATE TRANSACTIONS.
   ----------------------

         17.1  Assumption  or  Replacement  of Awards by  Successor or Acquiring
Corporation.  In the event of (i) a dissolution  or  liquidation of the Company,
(ii) a  merger  or  consolidation  in which  the  Company  is not the  surviving
corporation   (other  than  a  merger  or  consolidation   with  a  wholly-owned
subsidiary,  a reincorporation  of the Company in a different  jurisdiction,  or
other transaction in which there is no substantial change in the shareholders of
the Company or their  relative  stock holdings and the Awards granted under this
Plan  are  assumed,   converted  or  replaced  by  the  successor  or  acquiring

<PAGE>
corporation, which assumption,  conversion or replacement will be binding on all
Participants) , (iii) a merger in which the Company is the surviving corporation
but after which the shareholders of the Company immediately prior to such merger
(other than any  shareholder  which merges with the Company in such  merger,  or
which owns or controls another corporation which merges with the Company in such
merger) cease to own their shares or other equity  interests in the Company,  or
(iv) the sale of all or substantially  all of the assets of the Company,  any or
all outstanding Awards may be assumed, converted or replaced by the successor or
acquiring  corporation  (if any) , which  assumption,  conversion or replacement
will be  binding on all  Participants.  In the  alternative,  the  successor  or
acquiring  corporation may substitute equivalent Awards or provide substantially
similar  consideration  to Participants  as was provided to shareholders  (after
taking into account the existing  provisions  of the Awards).  The  successor or
acquiring  corporation may also  substitute by issuing,  in place of outstanding
Shares of the Company held by the Participant,  substantially  similar shares or
other property  subject to repurchase  restrictions and other provisions no less
favorable to the Participant than those which applied to such outstanding Shares
immediately  prior to such  transaction  described in this Section  17.1. In the
event such  successor  or  acquiring  corporation  (if any) refuses to assume or
substitute  Awards,  as provided above,  pursuant to a transaction  described in
this Section

         17.1,  then  notwithstanding  any other  provision  in this plan to the
contrary,  such Awards will expire on such  transaction at such time and on such
conditions as the Board will determine.

         17.2 Other  Treatment of Awards.  Subject to any greater rights granted
to Participants under the foregoing  provisions of this Section 17, in the event
of the  occurrence  of any  transaction  described in Section  17.1 hereof,  any
outstanding  Awards will be treated as provided in the  applicable  agreement or
plan of merger, consolidation, dissolution, liquidation or sale of assets.

         17.3  Assumption  of Awards by the Company.  The Company,  from time to
time,  also may  substitute  or assume  outstanding  awards  granted  by another
company,  whether in  connection  with an  acquisition  of such other company or
otherwise,  by either (i) granting an Award under this plan in  substitution  of
such other company's award or (ii) assuming such award as if it had been granted
under this Plan if the terms of such assumed  award could be applied to an Award
granted under this Plan. Such  substitution or assumption will be permissible if
the holder of the  substituted  or assumed  award would have been eligible to be
granted an Award  under this Plan if the other  company had applied the rules of
this plan to such grant.  In the event the Company  assumes an award  granted by
another  company,  the terms and conditions of such award will remain  unchanged
(except  that the  exercise  price and the number and nature of shares  issuable
upon  exercise of any such option  will be  adjusted  appropriately  pursuant to
Section  424(a) of the  Code).  In the event the  Company  elects to grant a new
Option rather than assuming an existing  option,  such new Option may be granted
with a similarly adjusted Exercise Price.

18. ADOPTION AND SHAREHOLDER  APPROVAL.  This Plan will become  effective on the
date that it is adopted by the Board (the "Effective  Date").  This plan will be
approved by the shareholders of the Company (excluding Shares issued pursuant to
this Plan), consistent with applicable laws, within twelve (12) months before or
after the Effective  Date.  Upon the Effective  Date, the Board may grant Awards
pursuant to this Plan; provided,  however,  that: (i) no Option may be exercised
prior to  initial  shareholder  approval  of this Plan;  (ii) no Option  granted
pursuant to an  increase in the number of Shares  approved by the Board shall be
exercised prior to the time such increase has been approved by the  shareholders
of the  Company;  (iii) in the event that  initial  shareholder  approval is not
obtained within the time period provided  herein,  all Awards granted  hereunder
shall be canceled, any Shares issued pursuant to any Award shall be canceled and
any purchase of Shares  issued  hereunder  shall be  rescinded;  and (iv) Awards
granted  pursuant to an  increase in the number of Shares  approved by the Board
which increase is not timely  approved by  shareholders  shall be canceled,  any
Shares issued pursuant to any such Awards shall be canceled, and any purchase of
Shares subject to any such Award shall be rescinded.

19. TERM OF  PLAN/GOVERNING  LAW. Unless earlier  terminated as provided herein,
this Plan will  terminate ten (10) years from the Effective Date or, if earlier,
the date of shareholder  approval.  This plan and all agreements hereunder shall
be  governed  by and  construed  in  accordance  with the  laws of the  State of
Delaware.

<PAGE>
20.AMENDMENT  OR TERMINATION OF PLAN.  Subject to Section 5.9 hereof,  the Board
may at any time terminate or amend this Plan in any respect,  including  without
limitation amendment of any form of Award Agreement or instrument to be executed
pursuant to this Plan.

21.NONEXCLUSIVITY  OF THE PLAN.  Neither the adoption of this plan by the Board,
the submission of this plan to the shareholders of the Company for approval, nor
any provision of this plan will be construed as creating any  limitations on the
power of the Board to adopt such additional compensation  arrangements as it may
deem desirable, including, without limitation, the granting of stock options and
other equity awards otherwise than under this Plan, and such arrangements may be
either generally applicable or applicable only in specific cases.

22.DEFINITIONS. As used in this Plan, the following terms will have the
following meanings:

         "Award"  means any award  under  this  Plan,  including  any  Option or
Restricted Stock Award.

         "Award Agreement" means, with respect to each Award, the signed written
agreement  between the Company and the  Participant  setting forth the terms and
conditions  of the Award,  including the Stock Option  Agreement and  Restricted
Stock Agreement.

         "Board" means the Board of Directors of the Company.

         "Cause"  means  Termination  because  of  (i)  any  willful,   material
violation by the Participant of any law or regulation applicable to the business
of the  Company or a Parent or  Subsidiary  of the  Company,  the  Participant's
conviction  for,  or  guilty  plea  to,  a  felony  or a crime  involving  moral
turpitude, or any willful perpetration by the Participant of a common law fraud,
(ii)  the  Participant's  commission  of an act  of  personal  dishonesty  which
involves  personal  profit in  connection  with the Company or any other  entity
having a business  relationship  with the Company,  (iii) any material breach by
the Participant of any provision of any agreement or  understanding  between the
Company or any Parent or Subsidiary of the Company and the Participant regarding
the terms of the  Participant's  service as an  employee,  officer,  director or
consultant to the Company or a Parent or  Subsidiary  of the Company,  including
without  limitation,  the  willful  and  continued  failure  or  refusal  of the
Participant to perform the material  duties  required of such  Participant as an
employee,  officer,  director  or  consultant  of the  Company  or a  Parent  or
Subsidiary of the Company,  other than as a result of having a Disability,  or a
breach of any applicable invention  assignment and confidentiality  agreement or
similar  agreement  between the Company or a Parent or Subsidiary of the Company
and the Participant, (iv) Participant's disregard of the policies of the Company
or any Parent or Subsidiary of the Company so as to cause loss, damage or injury
to  the  property,  reputation  or  employees  of the  Company  or a  Parent  or
Subsidiary of the Company,  or (v) any other misconduct by the Participant which
is materially injurious to the financial condition or business reputation of, or
is otherwise  materially  injurious to, the Company or a Parent or Subsidiary of
the Company.

         "Code" means the Internal Revenue Code of 1986, as amended.

         "Committee"  administer  this Plan,  means the  committee  created  and
appointed  by the Board to or if no  committee  is created  and  appointed,  the
Board.

         "Company" means ENEXI HOLDINGS, INC., or any successor corporation.

         "Disability"  means  a  disability,  whether  temporary  or  permanent,
partial or total, as determined by the Committee.

         "Exercise  Price"  means the  price at which a holder of an Option  may
purchase the Shares issuable upon exercise of the Option.

         "Fair  Market  Value"  means,  as  of  any date, Company's Common Stock
determined as follows: the value of a share of the

     (a) if such Common Stock is then quoted on the Nasdaq National Market,  its
closing  price on the Nasdaq  National  Market on the date of  determination  as
reported in The Wall Street Journal;

<PAGE>
     (b) if such  Common  Stock  is  publicly  traded  and is then  listed  on a
national securities exchange,  its closing price on the date of determination on
the principal national  securities  exchange on which the Common Stock is listed
or admitted to trading as reported in The Wall Street Journal;

     (c) if such Common Stock is publicly traded but is not quoted on the Nasdaq
National  Market nor  listed or  admitted  to  trading on a national  securities
exchange,  the  average  of the  closing  bid and  asked  prices  on the date of
determination as reported by The Wall Street Journal (or, if not so reported, as
otherwise reported by any newspaper or other source as the Board may determine);
or

     (d) if none of the foregoing is applicable, by the Committee in good faith.

         "Option"  means an award of an option to  purchase  Shares  pursuant to
Section 5 hereof.

         "Parent" means any corporation  (other than the Company) in an unbroken
chain of corporations ending with the Company if each of such corporations other
than the Company  owns stock  representing  fifty  percent  (50%) or more of the
total  combined  voting  power  of all  classes  of  stock  in one of the  other
corporations in such chain.

         "Participant" means a person who receives an Award under this plan.

         "Plan" means this ENEXI HOLDINGS,  INC., 2000 Equity Incentive Plan, as
amended from time to time.

         "Purchase  Price" means the price at which a  Participant  may purchase
Restricted Stock.

         "Restricted Stock" means Shares purchased pursuant to a Restricted
Stock Award.

         "Restricted Stock Award" means an award of Shares pursuant to Section 6
hereof.

         "SEC" means the Securities and Exchange Commission.

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

         "Shares"  means  shares of the  Company's  Common  Stock  reserved  for
issuance under this Plan, as adjusted pursuant to Sections 2 and 17 hereof,  and
any successor security.

         "Subsidiary"  means any  corporation  (other  than the  Company)  in an
unbroken  chain  of  corporations  beginning  with  the  Company  if each of the
corporations  other than the last  corporation  in the unbroken chain owns stock
representing  fifty percent (50%) or more of the total combined  voting power of
all classes of stock in one of the other corporations in such chain.

         "Termination"  or  "Terminated"  means,  for purposes of this plan with
respect to a  Participant,  that the  Participant  has for any reason  ceased to
provide services as an employee,  officer, director or consultant to the Company
or a Parent or  Subsidiary of the Company.  A Participant  will not be deemed to
have ceased to provide  services in the case of (i) sick  leave,  (ii)  military
leave, or (iii) any other leave of absence  approved by the Committee,  provided
that such  leave is for a period of not more than  ninety  (90) days (a)  unless
reinstatement  (or, in the case of an employee with an ISO,  reemployment)  upon
the expiration of such leave is guaranteed by contract or statute, or (b) unless
provided  otherwise  pursuant to formal policy  adopted from time to time by the
Company's  Board and  issued  and  promulgated  in  writing.  In the case of any
Participant on (i) sick leave, (ii) military leave or (iii) an approved leave of
absence, the Committee may make such provisions respecting suspension of vesting
of the Award  while on leave from the Company or a Parent or  Subsidiary  of the
Company  as it may deem  appropriate,  except  that in no event may an Option be
exercised  after  the  expiration  of the term set  forth  in the  Stock  Option
Agreement.  The  Committee  will have sole  discretion  to  determine  whether a
Participant  has ceased to provide  services and the effective date on which the
Participant ceased to provide services (the "Termination Date").

<PAGE>
     "Unvested   Shares"  means  "Unvested  Shares"  as  defined  in  the  Award
Agreement.

     "Vested Shares" means "Vested Shares" as defined in the Award Agreement.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}]]