Document:

<PAGE>   1
                                                                    EXHIBIT 10.5

                                     [COPY]

<TABLE>
<S>                                     <C>                                     <C>
-----------------------------------------------------------------------------------------------------------------------------------
LINK.COM                                THE COMMERCIAL NATIONAL BANK OF
201 E. MAIN                             BRADY                                            Loan Number
BRADY, TX 76825-4525                    105 E SECOND ST  P O BOX 591                                -------------------------------
                                        BRADY, TX 76825-0591                             Date         SEPTEMBER 7, 1999
                                                                                              -------------------------------------
                                                                                         Maturity Date    APRIL 6, 2000
                                                                                                      -----------------------------
                                                                                         Loan Amount  $400,000.00
                                                                                                    -------------------------------
                                                                                         Renewal Of  33898 (2)
                                                                                                   --------------------------------
BORROWER'S NAME AND ADDRESS                LENDER'S NAME AND ADDRESS                     SSN:  75-2666581
"I" includes each borrower                "You" means the lender, its
above, jointly and severally.               successors and assigns.
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

For value received, I promise to pay to you, or your order, at your address
listed above the PRINCIPAL sum of FOUR HUNDRED THOUSAND AND NO/100 Dollars
$400,000.00

[X] SINGLE ADVANCE: I will received all of this principal sum on APRIL 6,
    2000. No additional advances are contemplated under this note.

[ ] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of
    principal I can borrow under this note. On ________________ I will receive
    the amount of $_________________________ and future principal advances are
    contemplated.

    Conditions: The conditions for future advances are
                                                      _______________________

    _________________________________________________________________________

    _________________________________________________________________________

    [ ] OPEN END CREDIT: You and I agree that I may borrow up to the maximum
        principal sum more than one time. This feature is subject to all other
        conditions and expires on _______________________________.

    [ ] CLOSED END CREDIT: You and I agree that I may borrow (subject to all
        other conditional up to the maximum principal sum only one time.

INTEREST: I agree to pay interest on the outstanding principal balance from
    APRIL 6, 2000 at the rate of 10.000% per year until FIRST CHARGE DATE.

[X] VARIABLE RATE: This rate may change as stated below.

    [X] INDEX RATE: The future rate will be 1.000% OVER the following index
        rate: WALL STREET PRIME BASE RATE (FLOATING) WHICH IS STATED IN THE WALL
        STREET JOURNAL

    [ ] CEILING RATE: The interest rate ceiling for this note is the ___________
        ceiling rate announced by the Credit Commissioner from time to time.

    [X] FREQUENCY AND TIMING: The rate on this note may change as often as
        DAILY.

            A change in the interest rate will take effect ON THE SAME DAY.

    [X] LIMITATIONS: During the term of this loan, the applicable annual
        interest rate will not be more than 18.000% or less than 1.000%. The
        rate may not change more than _____% each ________________________.

    EFFECT OF VARIABLE RATE: A change in the interest rate will have the
    following effect on the payments.

    [X] The amount of each scheduled    [ ] The amount of the final
        payment will change.                payment will change

ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note
owing after maturity, and until paid in full, as stated below:

    [ ] on the same fixed or variable rate basis in effect before maturity has
        indicated above.

    [X] at a rate equal to TWO PERCENT ABOVE THE CURRENT RATE IN EFFECT ON THE
        NOTE.

[ ] LATE CHARGE: If a payment is made more than ____ days after it is due, I
    agree to pay a late charge of ________________________.

[ ] ADDITIONAL CHARGES: In addition to interest, I agree to pay the following
    charges which [ ] are [ ] are not included in the principal amount
    above: __________________.

PAYMENTS: I agree to pay this note as follows:

[X] INTEREST: I agree to pay accrued interest ON DEMAND, BUT IF NO DEMAND IS
    MADE THEN ON THE 6TH DAY OF EACH OCTOBER AND APRIL, BEGINNING OCTOBER 6,
    2000

[X] PRINCIPAL: I agree to pay the principal ON DEMAND, BUT IF NO DEMAND IS MADE
    THEN ON MARCH 5, 2000

[ ] INSTALLMENTS: I agree to pay this note in __________ payments. The final
payment will be in the amount of $________________ and will be due
__________________. A payment of $________________ will be due
__________________ thereafter. The final payment of the entire unpaid balance
of principal and interest will be due _________________________.

PURPOSE: The purpose of this loan is BUSINESS: ORIGINALLY - WORKING CAPITAL AND
TO PURCHASE COMPUTER AND WORKING CAPITAL

ADDITIONAL TERMS:

                                    SECURITY

SECURITY INTEREST: I give you a security interest in all of the Property
   described below that I now own and that I may own in the future (including,
   but not limited to, all parts, accessories, repairs, improvements, and
   accessions to the Property), wherever the Property is or may be located, and
   all proceeds and products from the Property.

   [ ] INVENTORY: All inventory which I hold for ultimate sale or lease, or
       which has been or will be supplied under contracts of service, or which
       are raw materials, work in process, or materials used or consumed in the
       business.

   [ ] EQUIPMENT: All equipment including, but not limited to, all machinery,
       vehicles, furniture, fixtures, manufacturing equipment farm machinery and
       equipment, shop equipment, office and recordkeeping equipment, and parts
       and tools. All equipment described in a list or schedule which I give to
       you will also be included in the secured property, but such a list is not
       necessary for a valid security interest in my equipment.

   [ ] FARM PRODUCTS: All farm products including, but not limited to:

       (a) all poultry and livestock and their young, along with their products,
           produce and replacements;

       (b) all crops, annual or perennial; and all products of the crops; and

       (c) all feed, seed, fertilizer, medicines, and other supplies used or
           produced in my farming operations.

   [X] ACCOUNTS, INSTRUMENTS, DOCUMENTS, CHATTEL PAPER AND OTHER RIGHTS TO
       PAYMENT: All rights I have now and that I may have in the future to the
       payment of money including, but not limited to:

       (a) payment for goods and other property sold or leased or for services
           rendered, whether or not I have earned such payment by performance;
           and

       (b) rights to payment arising out of all present and future debt
           instruments, chattel paper and loans and obligations receivable. The
           above include my rights and interests (including all liens and
           security interests) which I may have by law or agreement against any
           account debtor or obligor of mine.

<TABLE>
<S>                                                                                                                <C>
-----------------------------------------------------------------------------------------------------------------------------------

UNIVERSAL NOTE AND SECURITY AGREEMENT                                                                                 (page 1 of 3)

</TABLE>
<PAGE>   2
                                     [COPY]

[ ] GENERAL INTANGIBLES: All general intangibles including, but not limited to,
    tax refunds, applications for patents, patents, copyrights, trademarks,
    trade secrets, good will, trade names, customer lists, permits and
    franchises, and the right to use my name.

[ ] GOVERNMENT PAYMENTS AND PROGRAMS: All payments, accounts, general
    intangibles, or other benefits (including, but not limited to, payments in
    kind, deficiency payments, letters of entitlement, warehouse receipts,
    storage payments, emergency assistance payments, diversion payments, and
    conservation reserve payments) in which I now have and in the future may
    have any rights or interest and which arise under or as a result of any
    preexisting, current or future Federal or state government program
    (including, but not limited to, all programs administered by the Commodity
    Credit Corporation and the ASCS).

[X] THE SECURED PROPERTY INCLUDES, BUT IS NOT LIMITED BY, THE FOLLOWING:
    MERRILL LYNCH ACCT #592-23G75 IN THE NAME OF BOB AND CINDY RICE IN THE
    AMOUNT OF $289,299.00 AS OF 2/29/2000; MERRILL LYNCH ACCT #592-23G74 IN THE
    NAME OF ANDY AND JANNA MCBEE IN THE AMOUNT OF $337,773.00 AS OF 2/29/2000;
    PERSONAL GUARANTIES FROM DONALD RAY AND SANDRA DENISE DESHOTELS, BOB AND
    CINDY RICE AND ANDY AND JANNA MCBEE.

If this agreement covers timber to be cut, minerals (including oil and gas),
fixtures or crops growing or to be grown, the description of the real estate is:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

[ ] If checked, file this agreement on the real estate records. Record owner (if
not me) ________________________________________________________________________

________________________________________________________________________________

The Property will be used for a [X] personal   [ ] business   [ ] agricultural
[ ]                             purpose.
    ____________________________

                   ADDITIONAL TERMS OF THE SECURITY AGREEMENT

GENERALLY - The agreement secures  this note and any other debt I have with
you, now or later. However, it will not secure other debts if you fail with
respect to such other debts, to make any required disclosure about this
security agreement or if you fail to give any required notice of the right of
rescission. If property described in this agreement is located in another
state, this agreement may also, in some circumstances, be governed by the law
of the state in which the Property is located.

OWNERSHIP AND DUTIES TOWARD PROPERTY - I represent that I own all of the
Property, or to the extent this is a purchase money security interest I will
acquire ownership of the Property with the proceeds of the loan. I will defend
it against any other claim. Your claim to the Property is ahead of the claims
of any other creditor. I agree to do whatever you require to protect your
security interest and to keep your claim in the Property ahead of the claims of
other creditors. I will not do anything to harm your position.

    I will keep books, records and accounts about the Property and my business
in general. I will let you examine these records at any reasonable time. I will
prepare any report or accounting you request which deals with the Property.

    I will keep the Property in my possession and will keep it in good repair
and use it only for the purpose(s) described on page 3 of this agreement. I
will not change this specified use without your express written permission. I
represent that I am the original owner of the Property and, if I am not, that I
have provided you with a list of prior owners of the Property.

    I will keep the Property at my address listed on page 1 of this agreement,
unless we agree I may keep it at another location. If the Property is to be
used in another state, I will give you a list of those states. I will not try to
sell the Property unless it is inventory or I receive your written permission
to do so. If I sell the Property I will have the payment made payable to the
order of you and me.

    You may demand immediate payment of the debt(s) if the debtor is not a
natural person and without your written consent; (1) a beneficial interest in
the debtor is sold or transferred, or (2) there is a change in either the
identity or number of members of a partnership, or (3) there is a change in
ownership of more than 25 percent of the voting stock of a corporation.

    I will pay all taxes and charges on the Property as they become due. You
have the right of reasonable access in order to inspect the Property. I will
immediately inform you of any loss or damage to the Property.

    If I fail to perform any of my duties under this security agreement, or any
mortgage, deed of trust, lien or other security interest, you may without
notice to me perform the duties or cause them to be performed. Your right to
perform for me shall not create an obligation to perform and your failure to
perform will not preclude you from exercising any of your other rights under
the law of this security agreement.

PURCHASE MONEY SECURITY INTEREST - For the sole purpose of determining the
extent of a purchase money security interest arising under this security
agreement: (a) payments on any nonpurchase money loan also secured by this
agreement will not be deemed to apply to the Purchase Money Loan, and (b)
payments on the Purchase Money Loan will be deemed to apply first to the
nonpurchase money portion of the loan, if any, and then to the purchase money
obligations in the order in which the items of collateral were acquired or if
acquired at the same time, in the order selected by you. No security interest
will be terminated by application of this formula. "Purchase Money Loan" means
any loan the proceeds of which, in whole or in part, are used to acquire any
collateral securing the loan and all extensions, renewals, consolidations and
refinancing of such loan.

PAYMENTS BY LENDER - You are authorized to pay, on my behalf, charges I am or
may become obligated to pay to preserve or protect the secured property (such
as property insurance premiums). You may treat those payments as advances and
add them to the unpaid principal under the note secured by this agreement or
you may demand immediate payment of the amount advanced.

INSURANCE - I agree to buy insurance on the Property against the risks and for
the amounts you require and to furnish you continuing proof of coverage. I will
have the insurance company name you as loss payee on any such policy. You may
require added security if you agree that insurance proceeds may be used to
repair or replace the Property. I will buy insurance from a firm licensed to do
business in the state where you are located. The firm will be reasonably
acceptable to you. The insurance will last until the Property is released from
this agreement. If I fail to buy or maintain the insurance (or fail to name you
as loss payee) you may purchase it yourself.

WARRANTIES AND REPRESENTATIONS - If this agreement includes accounts, I will
not settle any account for less than its full value without your written
permission. I will collect all accounts until you tell me otherwise. I will
keep the proceeds from all the accounts and any goods which are returned to me
or which I take back in trust for you, I will not mix them with any other
property of mine. I will deliver them to you at your request. If you ask me to
pay you the full price on any returned items or items retaken by myself, I will
do so.

    If this agreement covers inventory, I will not dispose of it except in my
ordinary course of business at the fair market value for the Property, or at a
minimum price established between you and me.

    If this agreement covers farm products I will provide you, at your request,
a written list of the buyers, commission merchants or selling agents to or
through whom I may sell my farm products. In addition to those parties named on
this written list, I authorize you to notify at your sole discretion any
additional parties regarding your security interest in my farm products. I
remain subject to all applicable penalties for selling my farm products in
violation of my agreement with you and the Food Security Act. In this paragraph
the terms farm products, buyers, commission merchants and selling agents have
the meanings given to them in the Federal Food Security Act of 1985.

DEFAULT - I will be in default on this security agreement if I am in default on
any note this agreement secures of if I fail to keep any promise contained in
the terms of this agreement. Default shall also exist if any loan proceeds are
used for a purpose that will contribute to excessive erosion of highly erodible
land or to the conversion of wetlands to produce an agricultural commodity, as
further explained in 7 CFR Part 1940, Subpart G, Exhibit M.

REMEDIES - If I default, you have all of the rights and remedies provided in
the note and under the Uniform Commercial Code. You may require me to make the
secured property available to you at a place which is reasonably convenient.
You may take possession of the secured property and sell it as provided by law.
The proceeds will be applied first to your expenses and then to the debt. I
agree that 10 days written notice sent to my last known address by first class
mail will be reasonable notice under the Uniform Commercial Code. My current
address is on page 1. I agree to inform you in writing of any change of my
address.

FILING - A carbon, photographic or other reproduction of this security
agreement or the financing statement covering the Property described in this
agreement may be used as a financing statement where allowed by law. Where
permitted by law, you may file a financing statement which does not contain my
signature, covering the Property secured by this agreement.

--------------------------------------------------------------------------------
Any person who signs within this box does so to give you a security interest in
the Property described on page 1 and this page. This person does not promise to
pay the note. "I" as used in this security agreement will include the borrower
and any person who signs within this box.

                                          Date
                                              --------------------------------

Signed
      ------------------------------------------------------------------------
--------------------------------------------------------------------------------
                                                                   (page 2 of 3)
<PAGE>   3
                                     [COPY]

                          ADDITIONAL TERMS OF THE NOTE

DEFINITIONS - As used on pages 1 and 2, "[X]" means the terms that apply to
this loan. "I," "me" or "my" means each Borrower who signs this note and each
other person or legal entity (including guarantors, endorsers, and sureties)
who agrees to pay this note (together referred to as "us"). "You" or "your"
means the Lender and its successors and assigns.

APPLICABLE LAW - The law of the state of Texas will govern this agreement. Any
term of this agreement which is contrary to applicable law will not be
effective, unless the law permits you and me to agree to such a variation. If
any provision of this agreement cannot be enforced according to its terms, this
fact will not affect the enforceability of the remainder of this agreement. No
modification of this agreement may be made without your express written
consent. Time is of the essence in this agreement.

PAYMENTS - Each payment I make on this note will first reduce the amount I owe
you for charges which are neither interest nor principal. The remainder of each
payment will then reduce accrued and unpaid interest, and then unpaid
principal. If you and I agree to a different application of payments, we will
describe our agreement on this note. I may prepay a part of, or the entire
balance of this loan without penalty, unless we specify to the contrary on this
note. Any partial prepayment will not excuse or reduce any later scheduled
payment until this note is paid in full (unless, when I make the prepayment,
you and I agree in writing to the contrary).

INTEREST - Interest accrues on the principal remaining unpaid from time to
time, until paid in full. If I receive the principal in more than one advance,
each advance will start to earn interest only when I receive the advance. The
interest rate in effect on this note at any given time will apply to the entire
principal sum outstanding at that time. Notwithstanding anything to the
contrary, I do not agree to pay and you do not intend to charge any rate of
interest that is higher than the maximum rate of interest you could charge under
applicable law for the extension of credit that is agreed to in this note
(either before or after maturity). If any notice of interest accrual is sent and
is in error, we mutually agree to correct it, and if you actually collect more
interest than allowed by law and this agreement, you agree to refund it to me.

INDEX RATE - The index will serve only as a device for setting the interest
rate on this note. You do not guarantee by selecting this index, or the margin,
that the interest rate on this note will be the same rate you charge on any
other loans or class of loans you make to me or other borrowers.

POST MATURITY RATE - For purposes of deciding when the "Post Maturity Rate"
(shown on page 1) applies, the term "maturity" means the date of the last
scheduled payment indicated on page 1 of this note or the date you accelerate
payment on the note, whichever is earlier.

SINGLE ADVANCE LOANS - If this is a single advance loan, you and I expect that
you will make only one advance of principal. However, you may add other amounts
to the principal if you make any payments described in the "PAYMENTS BY LENDER"
paragraph on page 2.

MULTIPLE ADVANCE LOANS - If this is a multiple advance loan, you and I expect
that you will make more than one advance of principal. If this is closed end
credit, repaying a part of the principal will not entitle me to additional
credit.

SET-OFF - I agree that you may set off any amount due and payable under this
note against any right I have to receive money from you.

     "Right to receive money from you" means:

     (1) any deposit account balance I have with you,

     (2) any money owed to me on an item presented to you or in your possession
         for collection or exchange, and

     (3) any repurchase agreement or other nondeposit obligation.

     "Any amount due and payable under this note" means the total amount of
which you are entitled to demand payment under the terms of this note at the
time you set off. This total includes any balance the due date for which you
properly accelerate under this note.

     If my right to receive money from you is also owned by someone who has not
agreed to pay this note, your right of set-off will apply to my interest in the
obligation and to any other amounts I could withdraw on my sole request or
endorsement. Your right of set-off does not apply to an account or other
obligation where my rights are only as a representative. It also does not apply
to any Individual Retirement Account or other tax-deferred retirement account.

     You will not be liable for the dishonor of any check when the dishonor
occurs because you set off this debt against any of the accounts. I agree to
hold you harmless from any such claims arising as a result of your exercise of
your right to set-off.

DEFAULT - I will be in default on this loan and any agreement securing this
loan if any one or more of the following occurs:

     (1) I fail to perform any obligation which I have undertaken in this note
         or any agreement securing this note; or

     (2) you, in good faith, believe that the prospect of payment on the
         prospect of my performance of any other obligations under this note or
         any agreement securing this note is impaired.

REMEDIES - If I am in default on this note, you have, but are not limited to,
the following remedies:

     (1) You may demand immediate payment of my debt under this note (principal,
         accrued unpaid interest and other accrued charges).

     (2) You may set off this debt against any right I have to the payment of
         money from you, subject to the terms of the "SET-OFF" paragraph herein.

     (3) You may demand security, additional security, or additional parties to
         be obligated to pay this note as a condition for not using any other
         remedy.

     (4) You may refuse to make advances to me or allow purchases on credit by
         me.

     (5) You may use any remedy you have under state or federal law.

     (6) You may make use of any remedy given to you in any agreement securing
         this note.

     By selecting any one or more of these remedies you do not give up your
right to use later any other remedy. By waiving your right to declare an event
to be a default, you do not waive your right to consider later the event a
default if it continues or happens again.

COLLECTION COSTS AND ATTORNEY'S FEES - I agree to pay all costs of collection,
replevin or any other or similar type of cost if I am in default. In addition,
if you hire an attorney to collect this note, I also agree to pay any fee you
incur with such attorney plus court costs (except where prohibited by law). To
the extent permitted by the United States Bankruptcy Code, I also agree to pay
the reasonable attorney's fees and costs you incur to collect this debt as
awarded by any court exercising jurisdiction under the Bankruptcy Code.

WAIVER - I give up my rights to require you to do certain things. I will not
require you to:

     (1) demand payment of amounts due (presentment);

     (2) obtain official certification of nonpayment (protest);

     (3) give notice that amounts due have not been paid (notice of dishonor);

     (4) give notice of intent to accelerate; or

     (5) give notice of acceleration.

     I waive any defenses I have based on suretyship or impairment of
collateral.

OBLIGATIONS INDEPENDENT - I understand that I must pay this note even if someone
else has also agreed to pay it (by, for example, signing this form or a
separate guarantee or endorsement). You may sue me alone, or anyone else who is
obligated on this note, or any number of us together, to collect this note. You
may without notice release any party to this agreement without releasing any
other party. If you give up any of your rights, with or without notice, it will
not affect my duty to pay this note. Any extension of new credit to any of us,
or renewal of this note by all or less than all of us will not release me from
my duty to pay it. (Of course, you are entitled to only one payment in full.) I
agree that you may at your option extend this note or the debt represented by
this note, or any portion of the note or debt, from time to time
without limit to notice and for any term without affecting my liability for
payment of the note. I will not assign my obligation under this agreement
without your prior written approval.

CREDIT INFORMATION - I agree and authorize you to obtain credit information
about me from time to time (for example, by requesting a credit report) and to
report to others your credit experience with me (such as a credit reporting
agency). I agree to provide you, upon request, any financial statement or
information you may deem necessary. I warrant that the financial statements and
information I provide to you are or will be accurate, correct and complete.

--------------------------------------------------------------------------------
THIS WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES
AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT, ORAL AGREEMENTS OF THE PARTIES.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.
--------------------------------------------------------------------------------

SIGNATURES: I AGREE TO THE TERMS OF THIS NOTE AND SECURITY AGREEMENT (INCLUDING
THOSE ON PAGES 1 AND 2). I have received a copy of this note and security
agreement on today's date.

LINK.COM

BY:                                    BY:
  ------------------------------          ---------------------------------
  BOB RICE, CEO/Individually              ANDY MCBEE, DIRECTOR/Individually

SIGNATURE FOR LENDER

X
  ------------------------------          ---------------------------------
  W CLAY JONES        CRL
                                                                   (page 1 of 3)
<PAGE>   4
                                     [COPY]

<TABLE>
------------------------------------------------------------------------------------------------------------------------------------

<S>                                                <C>                                              <C>
VENTURE INFORMATION SYSTEMS,                       THE COMMERCIAL NATIONAL BANK                     Loan File Number_______________
LLC                                                OF BRADY                                         Date SEPTEMBER 7, 1999
P.O. Box 70                                        105 E. Second St. P.O. Box 591                   Loan Amount $400,000.00
Brady, TX 76825-0070                               Brady, TX 76825-0591                             Maturity Date March 5, 2000
BORROWER'S NAME AND ADDRESS                        LENDER'S NAME AND ADDRESS                        Renewal Of 33898(2)
includes each borrower above,                      Includes the lender, its successors              SSN: 75-2666581
jointly and severally.                             and assigns.

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

</TABLE>

                              DISCLAIMER OF ORAL
                                  AGREEMENTS

The borrower, any other obligor, and Lender, hereinafter the Parties, have
entered into a transaction generally described as one note dated 9/7/99 in the
principal amount of $400,000.00. In conjunction with this transaction, the
Parties have executed one or more promissory notes, assignments, security
agreements, mortgages, deeds of trust or other documents. It is the intention
of the Parties that this Disclaimer be incorporated by reference into each of
the documents so executed for this transaction.

The Parties warrant and represent that the entire agreement made between the
Parties is contained within the executed documents, as amended and
supplemented hereby, and that no agreements or promises exist between the
Parties that are not reflected in the language of the various documents
executed in conjunction with this transaction.

          THIS WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT
                BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED
           BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
                           AGREEMENTS OF THE PARTIES

                          THERE ARE NO UNWRITTEN ORAL
                        AGREEMENTS BETWEEN THE PARTIES.

VENTURE INFORMATION SYSTEMS, LLC

By:
    ----------------------------
Borrower  Bob Rice, Manager

By:
    ----------------------------        ------------------------------
Borrower Andy McBee, Manager            Lender W. Clay Jones,
                                        VICE PRESIDENT/TRUST OFFICER

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

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

                                                                   (page 1 of 1)<PAGE>   1

                                                                EXHIBIT 10.2-1

                      NATIONAL AUTO FINANCE COMPANY, INC.

                           1996 SHARE INCENTIVE PLAN

         1. PURPOSE. The National Auto Finance Company, Inc. 1996 Share
Incentive Plan (the "Plan") is intended to provide incentives which will
attract, retain and motivate highly competent persons as executive management,
employees and directors of National Auto Finance Company, Inc. (the "Company")
and of any parent or subsidiary now existing or hereafter formed or acquired,
by providing them opportunities to acquire shares of the common stock, par
value $.01 per share, of the Company ("Common Stock") or to receive monetary
payments based on the value of such shares pursuant to the Benefits (as defined
below) described herein. Furthermore, the Plan is intended to assist in
aligning the interests of the Company's executive management, employees and
directors to those of its stockholders.

         2. ADMINISTRATION.

         (a) The Plan will be administered by the Board of Directors of the
Company (the "Board of Directors") or, if the Board of Directors so determines,
by a committee appointed by the Board of Directors from among its members (such
committee administering the Plan being hereinafter referred to as the
"Committee"; and the Board of Directors or the Committee administering the
Plan, as the case may be, being hereinafter referred to as the "Plan
Administrator"). In the event the Board of Directors designates a Committee to
administer the Plan, the Committee (which may include members of the
compensation committee of the Board of Directors, if any) shall be comprised
solely of not less than two members who shall be (i) "Non-Employee Directors"
within the meaning of Rule 16b-3(b)(3) (or any successor rule) promulgated
under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and
(ii) unless otherwise determined by the Board of Directors, "outside directors"
within the meaning of Section 162 (m) of the Internal Revenue Code of 1986, as
amended (the "Code"). The Plan Administrator is authorized, subject to the
provisions of the Plan, to establish such rules and regulations as it deems
necessary for the proper administration of the Plan and to make such
determinations and interpretations and to take such action in connection with
the Plan and any Benefits (as defined below) granted hereunder as it deems
necessary or advisable. All determinations and interpretations made by the Plan
Administrator shall be binding and conclusive on all participants and their
legal representatives. No member of the Board of the Directors, no member of
the Committee and no employee of the Company shall be liable for any act or
failure to act hereunder, except in circumstances involving his or her bad
faith, gross negligence or willful misconduct, or for any act or failure to act
hereunder by any other member or employee or by any agent to whom duties in
connection with the administration of this Plan have been delegated. The
Company shall indemnify members of the Plan Administrator and any agent of the
Plan Administrator who is an

<PAGE>   2

                                      -2-

employee of the Company, against any and all liabilities or expenses to which
they may be subjected by reason of any act or failure to act with respect to
their duties on behalf of the Plan, except in circumstances involving such
person's bad faith, gross negligence or willful misconduct.

         (b) The Plan Administrator may delegate to one or more of its members,
or to one or more agents, such administrative duties as it may deem advisable,
and the Plan Administrator, or any person to whom it has delegated duties as
aforesaid, may employ one or more persons to render advice with respect to any
responsibility the Plan Administrator or such person may have under the Plan.
The Plan Administrator may employ such legal or other counsel, consultants and
agents as it may deem desirable for the administration of the Plan and may rely
upon any opinion or computation received from any such counsel, consultant or
agent. Expenses incurred by the Plan Administrator in the engagement of such
counsel, consultant or agent shall be paid by the Company, or the subsidiary
whose employees have benefited from the Plan, as determined by the Plan
Administrator.

         3. PARTICIPANTS. Participants will consist of such executive
management, employees and directors of the Company and of any parent or
subsidiary of the Company as the Plan Administrator in its sole discretion
determines to be significantly responsible for the success and future growth
and profitability of the Company and whom the Plan Administrator may designate
from time to time to receive Benefits under the Plan. Designation of a
participant in any year shall not require the Plan Administrator to designate
such person to receive a Benefit in any other year or, once designated, to
receive the same type or amount of Benefit as granted to the participant in any
other year. The Plan Administrator shall consider such factors as it deems
pertinent in selecting participants and in determining the type and amount of
their respective Benefits.

         4. TYPE OF BENEFITS. Benefits under the Plan may be granted in any one
or a combination of (a) Stock Options, (b) Stock Appreciation Rights, (c) Stock
Awards, (d) Performance Awards and (e) Stock Units (each as described below,
and collectively, the "Benefits"). Stock Awards, Performance Awards and Stock
Units may, as determined by the Plan Administrator in its discretion,
constitute Performance-Based Awards, as described in Section 11 below. Benefits
shall be evidenced by agreements (which need not be identical) in such forms as
the Plan Administrator may from time to time approve; provided, however, that
in the event of any conflict between the provisions of the Plan and any such
agreements, the provisions of the Plan shall prevail.

         5. COMMON STOCK AVAILABLE UNDER THE PLAN. The aggregate number of
shares of Common Stock that may be subject to Benefits, including Stock
Options, granted under this Plan shall be 4,000,000 shares of Common Stock,
which may be authorized and unissued or treasury shares, subject to any
adjustments made in accordance with Section 12 hereof. The maximum number of
shares of Common Stock with respect to which Benefits may be granted to any
individual participant under the

<PAGE>   3
                                      -3-

Plan shall be 2,000,000. Other than those shares of Common Stock subject to
Benefits that are cancelled or terminated as a result of the Plan
Administrator's exercise of its discretion with respect to Performance-Based
Awards as provided for in Section 11, any shares of Common Stock subject to a
Stock Option or Stock Appreciation Right which for any reason is cancelled or
terminated without having been exercised, any shares subject to Stock Awards,
Performance Awards or Stock Units which are forfeited, any shares subject to
Performance Awards settled in cash or any shares delivered to the Company as
part of full payment for the exercise of a Stock Option or Stock Appreciation
Right shall again be available for Benefits under the Plan. The preceding
sentence shall apply only for purposes of determining the aggregate number of
shares of Common Stock subject to Benefits.

         6. STOCK OPTIONS. Stock Options will consist of awards from the
Company that will enable the holder to purchase a specific number of shares of
Common Stock, at set terms and at a fixed purchase price. Stock Options may be
"incentive stock options" ("Incentive Stock Options"), within the meaning of
Section 422 of the Code, or Stock Options which do not constitute Incentive
Stock Options ("Nonqualified Stock Options"). The Plan Administrator will have
the authority to grant any participant one or more Incentive Stock Options,
Nonqualified Stock Options, or both types of Stock Options (in each case with
or without Stock Appreciation Rights). Each Stock Option shall be subject to
such terms and conditions consistent with the Plan as the Committee may impose
from time to time, subject to the following limitations:

                  (a) EXERCISE PRICE. Each Stock Option granted hereunder shall
         have such per-share exercise price as the Plan Administrator may
         determine at the date of grant; provided, however, subject to
         subsection (d) below, that the per-share exercise price shall not be
         less than 100% of the Fair Market Value (as defined below) of the
         Common Stock on the date the option is granted.

                  (b) PAYMENT OF EXERCISE PRICE. The option exercise price may
         be paid in cash or, in the discretion of the Plan Administrator
         determined at the date of grant and set forth in the option agreement,
         by the delivery of shares of Common Stock of the Company then owned by
         the participant, by the withholding of shares of Common Stock for
         which a Stock Option is exercisable, or by a combination of these
         methods. In the discretion of the Plan Administrator determined at the
         date of grant and set forth in such option agreement, payment may also
         be made by delivering a properly executed exercise notice to the
         Company together with a copy of irrevocable instructions to a broker
         to deliver promptly to the Company the amount of sale or loan proceeds
         to pay the exercise price. To facilitate the foregoing, the Company
         may enter into agreements for coordinated procedures with one or more
         brokerage firms. The Plan Administrator may prescribe any other method
         of paying the exercise price that it determines to be consistent with
         applicable law and the purpose of the Plan, including, without
         limitation, in lieu of the exercise of a Stock Option by delivery of
         shares of Common Stock of the Company then

<PAGE>   4
                                      -4-

          owned by a participant, providing the Company with a notarized
          statement attesting to the number of shares owned, where upon
          verification by the Company, the Company would issue to the
          participant only the number of incremental shares to which the
          participant is entitled upon exercise of the Stock Option. In
          determining which methods a participant may utilize to pay the
          exercise price, the Plan Administrator may consider such factors as
          it determines are appropriate.

                  (c) EXERCISE PERIOD. Stock Options granted under the Plan
         shall be exercisable at such time or times and subject to such terms
         and conditions as shall be determined by the Plan Administrator;
         provided, however, that no Stock Option shall be exercisable later
         than ten years after the date it is granted. All Stock Options shall
         terminate at such earlier times and upon such conditions or
         circumstances as the Plan Administrator shall in its discretion set
         forth in such option agreement at the date of grant.

                  (d) LIMITATIONS ON INCENTIVE STOCK OPTIONS. Incentive Stock
         Options may be granted only to participants who are employees of the
         Company or a parent or subsidiary of the Company at the date of grant.
         The aggregate market value (determined as of the time the option is
         granted) of the Common Stock with respect to which Incentive Stock
         Options are exercisable for the first time by a participant during any
         calendar year (under all option plans of the Company) shall not exceed
         $100,000. For purposes of the preceding sentence, Incentive Stock
         Options will be taken into account in the order in which they are
         granted. Incentive Stock Options may not be granted to any participant
         who, at the time of grant, owns stock possessing (after the
         application of the attribution rules of Section 424(d) of the Code)
         more than 10% of the total combined voting power of all outstanding
         classes of stock of the Company or any subsidiary of the Company,
         unless the option price is fixed at not less than 110% of the Fair
         Market Value of the Common Stock on the date of grant and the exercise
         of such option is prohibited by its terms after the expiration of five
         years from the date of grant of such option. Notwithstanding anything
         to the contrary contained herein, no Incentive Stock Option may be
         exercised later than ten years after the date it is granted.

         7. STOCK APPRECIATION RIGHTS. The Plan Administrator may, in its
discretion, grant Stock Appreciation Rights to the holders of any Stock Options
granted hereunder. In addition, Stock Appreciation Rights may be granted
independently of, and without relation to, options. A Stock Appreciation Right
means a right to receive a payment, in case, Common Stock or a combination
thereof, in an amount equal to the excess of (x) the Fair Market Value, or
other specified valuation, of a specific number of shares of Common Stock on
the date the right is exercised over (y) the Fair Market Value, or other
specified valuation (which shall be no less than the Fair Market Value), of
such shares of Common Stock on the date the right is granted, all as determined
by the Plan Administrator; provided, however, that if a Stock Appreciation
Right is granted

<PAGE>   5
                                      -5-

retroactively in tandem with or in substitution for a Stock Option, the
designated Fair Market Value in the award agreement may be the Fair Market Value
on the date such Stock Option was granted. Each Stock Appreciation Right shall
be subject to such terms and conditions as the Committee shall impose from time
to time.

         8. STOCK AWARDS. The Plan Administrator may, in its discretion, grant
Stock Awards (which may include mandatory payment of bonus incentive
compensation in stock) consisting of Common Stock issued or transferred to
participants with or without other payments therefor as additional compensation
for services to the Company. Stock Awards may be subject to such terms and
conditions as the Plan Administrator determines appropriate, including, without
limitation, restrictions on the sale or other disposition of such shares, the
right of the Company to reacquire such shares for no consideration upon
termination of the participant's employment within specified periods, and may
constitute Performance-Based Awards, as described below. The Plan Administrator
may require the participant to deliver a duly signed stock power, endorsed in
blank, relating to the Common Stock covered by such an Award. The Plan
Administrator may also require that the stock certificates evidencing such
shares be held in custody or bear restrictive legends until the restrictions
thereon shall lapsed. The Stock Award shall specify whether the participant
shall have, with respect to the shares of Common Stock subject to a Stock
Award, all of the rights of a holder of shares of Common Stock of the Company,
including the right to receive dividends and to vote the shares.

9.       PERFORMANCE AWARDS.

         (a) Performance Awards may be granted to participants at any time and
from time to time, as shall be determined by the Plan Administrator.
Performance Awards may, as determined by the Plan Administrator in its sole
discretion, constitute Performance-Based Awards. The Plan Administrator shall
have complete discretion in determining the number, amount and timing of awards
granted to each participant. Such Performance Awards may be in the form of
shares of Common Stock or Stock Units. Performance Awards may be awarded as
short-term or long-term incentives. With respect to those Performance Awards
that are intended to constitute Performance-Based Awards, the Plan
Administrator shall set performance targets at its discretion which, depending
on the extent to which they are met, will determine the number and/or value of
Performance Awards that will be paid out to the participants, and may attach to
such Performance Awards one or more restrictions. Performance targets may be
based upon, without limitation, Company-wide, divisional and/or individual
performance.

         (b) With respect to those Performance Awards that are not intended to
constitute Performance-Based Awards, the Plan Administrator shall have the
authority at any time to make adjustments to performance targets for any
outstanding Performance Awards which the Plan Administrator deems necessary or
desirable at the

<PAGE>   6
                                      -6-

time of establishment of goals the Plan Administrator shall have precluded its
authority to make such adjustments.

         (c) Payment of earned Performance Awards shall be made in accordance
with terms and conditions prescribed or authorized by the Plan Administrator.
The participant may elect to defer, or the Plan Administrator may require or
permit the deferral of, the receipt of Performance Awards upon such terms as
the Plan Administrator deems appropriate.

         10. STOCK UNITS.

         (a) The Plan Administrator may, in its discretion, grant Stock Units
to participants hereunder. Stock Units may, as determined by the Plan
Administrator in its sole discretion, constitute Performance-Based Awards. The
Plan Administrator shall determine the criteria for the vesting of Stock Units.
A Stock Unit granted by the Plan Administrator shall provide for payment in
shares of Common Stock at such time as the award agreement shall specify.
Shares of Common Stock issued pursuant to this Section 10 may be issued with or
without other payments therefor as may be required by applicable law or such
other consideration as may be determined by the Committee. The Plan
Administrator shall determine whether a participant granted a Stock Unit shall
be entitled to a Dividend Equivalent Right (as defined below).

         (b) Upon vesting of a Stock Unit, unless the Plan Administrator has
determined to defer payment with respect to such unit or a Participant has
elected to defer payment under subsection (c) below, shares of Common Stock
representing the Stock Units shall be distributed to the participant unless the
Plan Administrator, with the consent of the participant, provides for the
payment of the Stock Units in cash or partly in cash and partly in shares of
Common Stock equal to the value of the shares of Common Stock which would
otherwise be distributed to the participant.

         (c) Prior to the year with respect to which a Stock Unit may vest, the
participant may elect not to receive Common Stock upon the vesting of such
Stock Unit and for the Company to continue to maintain the Stock Unit on its
books of account. In such event, the value of a Stock Unit shall be payable in
shares of Common Stock pursuant to the agreement of deferral.

         (d) A "Stock Unit" means an account representing one share of Common
Stock. A "Dividend Equivalent Right" means the right to receive the amount of
any dividend paid on the share of Common Stock underlying a Stock Unit, which
shall be payable in cash or in the form of additional Stock Units.

         11. PERFORMANCE-BASED AWARDS. Certain Benefits granted under the Plan
may be granted in a manner such that the Benefits qualify for the performance
based compensation exemption of Section 162(m) of the Code ("Performance-Based
Awards"). As determined by the Plan Administrator in its sole discretion,
either the granting or vesting of such Performance-Based Awards are to be based
upon one or

<PAGE>   7
                                      -7-

more of the following factors: net sales, pretax income before allocation of
corporate overhead and bonus, budget, earnings per share, net income, division,
group or corporate financial goals, return on stockholders' equity, return on
assets, attainment of strategic and operational initiatives, appreciation in
and/or maintenance of the price of the Common Stock or any other
publicly-traded securities of the Company, market share, gross profits,
earnings before interest and taxes, earnings before interest, taxes, dividends
and amortization, economic value-added models and comparisons with various
stock market indices, reductions in costs or any combination of the foregoing.
With respect to Performance-Based Awards, (i) the Plan Administrator shall
establish in writing (x) the objective performance-based goals applicable to a
given period and (y) the individual employees or class of employees to which
such performance-based goals apply no later than 90 days after the commencement
of such fiscal period (but in no event after 25% of such period has elapsed)
and (ii) no Performance-Based Awards shall be payable to or vest with respect
to, as the case may be, any participant for a given fiscal period until the
Plan Administrator certifies in writing that the objective performance goals
(and any other material terms) applicable to such period have been satisfied.
With respect to any benefits intended to qualify as Performance-Based Awards,
after establishment of a performance goal, the Plan Administrator shall not
revise such performance goal or increase the amount of compensation payable
thereunder (as determined in accordance with Section 162(m) of the Code) upon
the attainment of such performance goal. Notwithstanding the preceding
sentence, the Plan Administrator may reduce or eliminate the number of shares
of Common Stock or cash granted or the number of shares of Common Stock vested
upon the attainment of such performance goal.

         12. ADJUSTMENT PROVISIONS; CHANGE IN CONTROL.

         (a) If there shall be any change in the Common Stock of the Company,
through merger, consolidation, reorganization, recapitalization, stock
dividend, stock split, reverse stock split, split up, spinoff, combination of
shares, exchange of shares, dividend in kind or other like change in capital
structure or distribution (other than normal cash dividends) to stockholders of
the Company, an adjustment shall be made to each outstanding Stock Option and
Stock Appreciation Right such that each such Stock Option and Stock
Appreciation Right shall thereafter be exercisable for such securities, cash
and/or other property as would have been received in respect of the Common
Stock subject to such Stock Option or Stock Appreciation Right had such Stock
Option or Stock Appreciation Right been exercised in full immediately prior to
such change or distribution, and such an adjustment shall be made successively
each time any such change shall occur. In addition, in the event of any such
change or distribution, in order to prevent dilution or enlargement of
participants' rights under the Plan, the Plan Administrator will have authority
to adjust, in an equitable manner, the number and kind of shares that may be
issued under the Plan, the number and kind of shares subject to outstanding
Benefits, the exercise price applicable to outstanding Benefits, and the Fair
Market Value of the Common Stock and other value determinations applicable to
outstanding Benefits. Appropriate adjustments may also be made by the Plan

<PAGE>   8
                                      -8-

Administrator in the terms of any Benefits under the Plan to reflect such
changes or distributions and to modify any other terms of outstanding Benefits
on an equitable basis, including modifications of performance targets and
changes in the length of performance periods. In addition, other than with
respect to Stock Options, Stock Appreciation Rights and other awards intended
to constitute Performance-Based Awards, the Plan Administrator is authorized to
make adjustments to the terms and conditions of, and the criteria included in,
Benefits in recognition of unusual or nonrecurring events affecting the Company
or the financial statements of the Company, or in response to changes in
applicable laws, regulations, or accounting principles. Notwithstanding the
foregoing, (i) each such adjustment with respect to an Incentive Stock Option
shall comply with the rules of Section 424(a) of the Code, and (ii) in no event
shall any adjustment be made which would render any Incentive Stock Option
granted hereunder other than an incentive stock option for purposes of Section
422 of the Code.

         (b) Notwithstanding any other provision of this Plan, if there is a
Change in Control of the Company, all then outstanding Stock Options and Stock
Appreciation Rights shall immediately become exercisable. For purposes of this
Section 12(b), a "Change in Control" of the Company shall be deemed to have
occurred upon any of the following events:

                  (i) A persons or entity or group of persons or entities,
         acting in concert, shall become the direct or indirect beneficial
         owner (within the meaning of Rule 13d-3 of the Exchange Act) or
         securities of the Company representing fifty percent (50%) or more of
         the combined voting power of the issued and outstanding common stock
         of the Company (a "Significant Owner"), unless such shares are
         originally issued to such Significant Owner by the Company; or

                  (ii) The majority of the Company's Board of Directors is no
         longer comprised of the incumbent directors who constitute the Board
         of Directors on the Effective Date (as hereinafter defined) and any
         other individual(s) who becomes a director subsequent to the date of
         this Agreement whose initial election or nomination for election as a
         director, as the case may be, was approved by at least a majority of
         the directors who comprised the incumbent directors as of the date of
         such election or nomination; or

                  (iii) The Company's Common Stock shall cease to be publicly
         traded; or

                  (iv) A sale of all or substantially all of the assets of the
         Company; or

                  (v) The Board of Directors shall approve any merger,
         consolidation, or like business combination or reorganization of the
         Company, the consummation of which would result in the occurrence of
         any event described in clause (ii) or (iii) above, and such
         transaction shall have been consummated.

<PAGE>   9
                                      -9-

         The Plan Administrator, in its discretion, may determine that, upon
the occurrence of a Change in Control of the Company, each Stock Option and
Stock Appreciation Right outstanding hereunder shall terminate within a
specified number of days after notice to the holder, and such holder shall
receive, with respect to each share of Common Stock subject to such Stock
Option or Stock Appreciation Right, an amount equal to the excess of the Fair
Market Value of such shares of Common Stock immediately prior to the occurrence
of such Change in Control over the exercise price per share of such Stock
Option or Stock Appreciation Right; such amount to be payable in cash, in one
or more kinds of property (including the property, if any, payable in the
transaction) or in a combination thereof, as the Plan Administrator, in its
discretion, shall determine. The provisions set forth in the preceding sentence
shall be inapplicable to a Stock Option or Stock Appreciation Right granted
within six (6) months before the occurrence of a Change in Control if the
holder of such Stock Option or Stock Appreciation Right is subject to the
reporting requirements of Section 16(a) of the Exchange Act and no exception
from liability under Section 16(b) of the Exchange Act is otherwise available
to such holder.

         13. TRANSFERABILITY. Each Benefit granted under the Plan to a
participant shall not be transferable otherwise than by will or the laws of
descent and distribution, and shall be exercisable, during the participant's
lifetime, only by the participant. In the event of the death of a participant,
each Stock Option or Stock Appreciation Right theretofore granted to him or her
shall be exercisable during such period after his or her death as the Plan
Administrator shall in its discretion set forth in such option agreement or
right agreement at the date of grant and then only by the executor or
administrator of the estate of the deceased participant or the person or
persons to whom the deceased participant's rights under the Stock Option or
Stock Appreciation Right shall pass by will or the laws of descent and
distribution. Notwithstanding the foregoing, at the discretion of the Plan
Administrator, an award of a Benefit other than an Incentive Stock Option may
permit the transferability of a Benefit by a participant solely to members of
the participant's immediate family or trusts or family partnerships for the
benefit of such persons, subject to any restriction included in the award of
the Benefit.

         14. OTHER PROVISIONS. The award of any Benefit under the Plan may also
be subject to such other provisions (whether or not applicable to the Benefit
awarded to any other participant) as the Plan Administrator determines at the
date of grant, appropriate, including, without limitation, for the installment
purchase of Common Stock under Stock Options, for the installment exercise of
Stock Appreciation Rights, to assist the participant in financing the
acquisition of Common Stock, for the forfeiture of, or restrictions on resale
or other disposition of, Common Stock acquired under any form of Benefit, for
the acceleration of exercisability or vesting of Benefits in the event of a
change in control of the Company, for the payment of the value of Benefits to
participants in the event of a change in control of the Company, or to comply
with federal and state securities laws, or understandings or conditions as to
the participant's relationship with the Company in addition to those
specifically provided for under the Plan.

<PAGE>   10
                                     -10-

         15. FAIR MARKET VALUE. For purposes of this Plan and any Benefits
awarded hereunder, Fair Market Value shall be the Closing price of the
Company's Common Stock on the date of calculation (or on the last preceding
trading date if Common Stock was not traded on such date) if the Company's
Common Stock is readily tradable on a national securities exchange or other
market system, and if the Company's Common Stock is not readily tradable, Fair
Market Value shall mean the amount determined in good faith by the Plan
Administrator as the fair market value of the Common Stock of the Company.

         16. WITHHOLDING. All payments or distributions of Benefits made
pursuant to the Plan shall be net of any amounts required to be withheld
pursuant to applicable federal, state and local tax withholding requirements.
If the Company proposes or is required to distribute Common Stock pursuant to
the Plan, it may require the recipient to remit to it or to the corporation
that employs such recipient an amount sufficient to satisfy such tax
withholding requirements prior to the delivery of any certificates for such
Common Stock. In lieu thereof, the Company or the employing corporation shall
have the right to withhold the amount of such taxes from any other sums due or
to become due from such corporation to the recipient as the Plan Administrator
shall prescribe. The Plan Administrator may, in its discretion and subject to
such rules as it may adopt (including any as may be required to satisfy
applicable tax and/or non-tax regulatory requirements), permit an optionee or
award or right holder to pay all or a portion of the federal, state and local
withholding taxes arising in connection with any Benefit consisting of shares
of Common Stock by electing to have the Company withhold shares of Common Stock
having a Fair Market Value equal to the amount of tax to be withheld, such tax
calculated at rates required by statute or regulation.

         17. TENURE. A participant's right, if any, to continue to serve the
Company as a director, officer, employee, or otherwise, shall not be enlarged
or otherwise affected by his or her designation as a participant under the
Plan.

         18. UNFUNDED PLAN. Participants shall have no right, title, or
interest whatsoever in or to any investments which the Company may make to aid
it in meeting its obligations under the Plan. Nothing contained in the Plan,
and no action taken pursuant to its provisions, shall create or be construed to
create a trust of any kind, or a fiduciary relationship between the Company and
any participant, beneficiary, legal representative or any other person. To the
extent that any person acquires a right to receive payments from the Company
under the Plan, such right shall be no greater than the right of an unsecured
general creditor of the Company. All payments to be made hereunder shall be
paid from the general funds of the Company and no special or separate fund
shall be paid from the general funds of the Company and no special or separate
fund shall be established and no segregation of assets shall be made to assure
payment of such amounts except as expressly set forth in the Plan. The Plan is
not intended to be subject to the Employee Retirement Income Security Act of
1974, as amended.

<PAGE>   11
                                      -11-

         19. NO FRACTIONAL SHARES. No fractional shares of Common Stock shall
be issued or delivered pursuant to the Plan or any Benefit. The Plan
Administrator shall determine whether cash, or Benefits, or other property
shall be issued or paid in lieu of fractional shares or whether such fractional
shares or any rights thereto shall be forfeited or otherwise eliminated.

         20. DURATION, AMENDMENT AND TERMINATION. No Benefit shall be granted
more than ten years after the Effective Date; provided, however, that the terms
and conditions applicable to any Benefit granted prior to such date may
thereafter be amended or modified by mutual agreement between the Company and
the participant or such other persons as may then have an interest therein.
Also, by mutual agreement between the Company and a participant hereunder,
under this Plan or under any other present or future plan of the Company,
Benefits may be granted to such participant in substitution and exchange for,
and in cancellation of, any Benefits previously granted such participant under
this Plan, or any other present or future plan of the Company. The Board of
Directors may amend the Plan from time to time or suspend or terminate the Plan
at any time. However, no action authorized by this Section 20 shall reduce the
amount of any existing Benefit or change the terms and conditions thereof
without the participant's consent. No amendment of the Plan shall, without
approval of the stockholders of the Company, (i) increase the total number of
shares which may be issued under the Plan or the maximum number of shares with
respect to Stock Options, Stock Appreciation Rights and other Benefits that may
be granted to any individual under the Plan or (ii) modify the requirements as
to eligibility for Benefits under the Plan; provided, however, that no
amendment may be made without approval of the stockholders of the Company if
the amendment will disqualify any Incentive Stock Options granted hereunder.

         21. GOVERNING LAW. This Plan, Benefits granted hereunder and actions
taken in connection herewith shall be governed and construed in accordance with
the laws of the State of Delaware (regardless of the law that might otherwise
govern under applicable Delaware principles of conflict of laws).

         22. EFFECTIVE DATE. (a) the Plan shall be effective as of November 20,
1996, the date on which the Plan was adopted by the Board of Directors and
approved by the stockholders of the Company (the "Effective Date").

         (b) This Plan shall terminate on November 19, 2006 (unless sooner
terminated by the Board of Directors).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00007-of-00352.parquet"}]]