Document:

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                                                                    EXHIBIT 10.3
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                         REGISTRATION RIGHTS AGREEMENT

                         Dated as of February 23, 2000

                                 by and among

                                  Optika Inc.

                  the Founders and Investors described herein

                     Thomas Weisel Capital Partners, L.P.

                      TWP CEO Founders' Circle (AI), L.P.

                      TWP CEO Founders' Circle (QP), L.P.

              Thomas Weisel Capital Partners Employee Fund, L.P.

                       TWP 2000 Co-Investment Fund, L.P.

                                      and

                               RKB Capital, L.P.
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                         REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT, dated as of February 23, 2000 (this
"Agreement"), by and between Optika Inc., a Delaware corporation (the
"Company"), the holders of Founders Shares and Investors Shares listed on the
signature pages hereto, and Thomas Weisel Capital Partners, L.P., TWP CEO
Founders' Circle (AI), L.P., TWP CEO Founders' Circle (QP), L.P., Thomas Weisel
Capital Partners Employee Fund, L.P., RKB Capital, L.P. and TWP 2000 Co-
Investment Fund, L.P., as purchasers (together, the "Purchasers", and
individually, each a "Purchaser").

     WHEREAS, the Company proposes to issue and sell (i) an aggregate of 731,851
shares of Series A Convertible Preferred Stock, par value $0.001 per share (the
"Preferred Stock") of the Company, the terms of which are set forth in the
Certificate of Designation in the form of Exhibit 2.2 to the Purchase Agreement
(as defined below) and (ii) warrants (the "Warrants"; and, together with the
Preferred Stock, the "Securities") to purchase an aggregate of 307,298 shares of
the Company's Common Stock, par value $0.001 per share (the "Common Stock"), the
terms of which are set forth in the Warrant Agreement attached in the form of
Exhibit 1.2(b) to the Purchase Agreement;

     WHEREAS, as an inducement to the Purchasers to enter into the Purchase
Agreement, and as a condition to the closing of the transactions contemplated
thereby, the Company agreed to provide the Purchasers with registration rights;

     WHEREAS, the Company has previously entered into that certain Amended and
Restated Registration Agreement, dated November 22, 1995, as amended by the
First Amendment thereto dated May 6, 1996 (as so amended, the "Existing
Registration Agreement") pursuant to which the Company has granted to the
holders of Founders' Shares (the "Founders") and the holders of Investors'
Shares (the "Investors") certain registration rights on the terms set forth
herein;

     WHEREAS, the Company and the Founders and the Investors who are, or may
after the date hereof become, parties to the Agreement wish to effect an
amendment and restatement of their respective rights and obligations under the
Existing Registration Agreement so that, upon  the effectiveness of such
amendment at the Effective Date as set forth in Section 12(m) of this Agreement
(i) the Existing Registration Agreement will terminate and be of no further
force and effect; and (ii) all of the registration rights of the Founders and
the Investors (whether or not signatories hereto) will thereafter be governed
solely by this Agreement;

     NOW, THEREFORE, the parties agree as follows:

     Section 1.   Certain Definitions.

     For purposes of this Agreement, the following terms shall have the
following respective meanings:

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          The term "broker-dealer" shall mean any broker or dealer registered
     with the Commission under the Exchange Act.

          "Closing" shall mean the date of the closing of the issuance and sale
     of Securities pursuant to the Purchase Agreement.

          "Commission" shall mean the United States Securities and Exchange
     Commission, or any other federal agency at the time administering the
     Exchange Act or the Securities Act, whichever is the relevant statute for
     the particular purpose.

          "Common Stock" shall have the meaning assigned thereto in the recitals
     to this Agreement and shall include any equity securities issued with
     respect to the Common Stock in connection with any recapitalization,
     reclassification, merger, consolidation or other reorganization.

          "Company" shall have the meaning assigned thereto in the first
     paragraph of this Agreement.

          "Controlling Person" shall have the meaning assigned thereto in
     Section 8(a) hereof.

          "Demand Exercise Notice" shall have meaning assigned thereto in
     Section 2(a) hereof.

          "Demand Registration" shall have meaning assigned thereto in Section
     2(a) hereof.

          "Demand Registration Request" shall have the meaning assigned thereto
     in Section 2(a) hereof.

          "Demand Registration Statement" shall have the meaning assigned
     thereto in Section 2(a) hereof.

          "Effective Time" shall mean, in the case of (i) a Registration, the
     time and date as of which the Commission declares the related Registration
     Statement effective or as of which the related Registration Statement
     otherwise becomes effective; and (iii) a Market Making Registration, the
     time and date as of which the Commission declares the Market Making
     Registration Statement effective or as of which time the Market Making
     Registration otherwise becomes effective.

          "Electing Holder" shall mean any holder of Registrable Shares, as
     applicable, that has returned a completed and signed Notice and
     Questionnaire to the Company in accordance with Sections 5(a)(ii) hereof.

          "Exchange Act" shall mean the Securities Exchange Act of 1934, or any
     successor thereto, as the same shall be amended from time to time.

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          "Existing Registration Agreement" shall have the same meaning set
     forth in the recitals hereto.

          "Founders" shall have the meaning assigned thereto in the recitals
     hereto.

          "Founders' Shares" shall mean at any time (i) the shares of Common
     Stock owned by each of the persons listed as a "Founder" on Schedule A
     hereto; (ii) with respect to shares of Common Stock previously held by a
     Founder, a transferee of such Founder who consents to be bound by this
     Agreement; (iii) any shares of Common Stock then outstanding that were
     issued upon exercise of the options held by such Founder; (iv) any shares
     of Common Stock then issuable upon exercise of the options held by such
     Founder; (v) any shares of Common Stock then outstanding which were issued
     as, or were issued directly or indirectly upon the conversion or exercise
     of other securities issued as, a dividend or other distribution with
     respect to or in replacement of other Founders' shares and (vi) any shares
     of Common Stock then issuable directly or indirectly upon the conversion or
     exercise of other securities which were issued as a dividend or other
     distribution with respect to or in replacement of other Founders' Shares;
     provided, that Founders' Shares shall not include any shares the sale of
     which has been registered pursuant to the Securities Act or sold to the
     public pursuant to Rule 144 promulgated by the Commission under the
     Securities Act. For purposes of this Agreement, a Person will be deemed to
     be a holder of Founders' Shares whenever such Person holds a security
     exercisable for or convertible into such Founders' Shares, whether or not
     such exercise or conversion has actually been effected.

          The term "holder" shall mean each of the Purchasers and other Persons
     who acquire Registrable Shares from time to time (including any successors
     or assigns), in each case for so long as such Person owns any Registrable
     Shares.

          "Indemnified Person" shall have the meaning assigned thereto in
     Sections 8(a) and 8(b).

          "Initiating Holders" shall have the meaning assigned thereto in
     Section 2(a) hereof.

          "Investors" shall have the meaning assigned thereto in the recitals
     hereto.

          "Investors' Shares" shall mean, at any time (i) the shares of Common
     Stock owned by each of the persons listed as an "Investor" on Schedule B
     hereto; (ii) shares of Common Stock acquired by an Investor from a Founder;
     (iii) any shares of Common Stock then outstanding which were issued as, or
     were issued directly or indirectly upon the conversion or exercise of other
     securities issued as, a dividend or other distribution with respect to or
     in replacement of other Investors' Shares; and (iv) any shares of Common
     Stock then issuable directly or indirectly upon the conversion or exercise
     of other securities which were issued as a dividend or other distribution
     with respect to or in replacement of other Investors' Shares; provided,
     that Investors' Shares shall not include any shares the sale of which has
     been registered pursuant to the Securities Act or sold to

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     the public pursuant to Rule 144 promulgated by the Commission under the
     Securities Act. For purposes of this Agreement, a person will be deemed to
     be a Holder of Investors' Shares whenever such Person holds a security
     exercisable for or convertible into such Investors' Shares whether or not
     such exercise or conversion has actually been effected.

          "Majority Electing Holders" means, the holders of a majority in the
     number of shares of Common Stock elected to be included under such
     Registration Statement by the Electing Holders.

          "Market Making Period" shall have the meaning assigned thereto in
     Section 4(a) hereof.

          "Market Making Prospectus" shall mean the prospectus included in the
     Market Making Registration Statement relating to offers and sales of Market
     Making Securities by TWP in secondary transactions.

          "Market Making Registration" shall mean the registration of Market
     Making Securities in connection with offers and sales thereof by TWP in
     secondary transactions.

          "Market Making Registration Statement" shall mean a shelf registration
     statement on Form S-3 or other short form registration statement (which may
     be the Registration Statement if permitted by the rules and regulations of
     the Commission) pursuant to Rule 415 under the Securities Act or any
     similar rule that may be adopted by the Commission providing for the
     registration of, and the sale on a continuous or delayed basis in secondary
     transactions by TWP of, the Market Making Securities.

          "Market Making Request Date" shall have the meaning assigned thereto
     in Section 5(a) hereof.

          "Market Making Securities" shall mean any of the Common Stock issued
     by the Company.

          "NASD" shall have the meaning assigned thereto in Section 5(a)(xvii)
     hereof.

          "Notice and Questionnaire" means a Notice of Registration Statement
     Selling Securityholder Questionnaire customary in form and substance and
     for such a Registration.

          "Person" shall mean a corporation, association, partnership, limited
     liability company, trust, organization, business, individual, government or
     political subdivision thereof or governmental agency or any other entity.

          "Piggyback Registration" shall have the meaning assigned thereto in
     Section 3(a) hereof.

          "Piggyback Registration Statement" shall have the meaning assigned
     thereto in Section 3(a) hereof.

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          "Purchase Agreement" shall mean the Securities Purchase Agreement,
     dated as of February 9, 2000, between the Company and the Purchasers.

          "Purchasers" shall have the meaning assigned thereto in recitals to
     this Agreement.

          "Registrable Shares" shall mean, at any time, (A) the Founders'
     Shares, (B) the Investors' Shares and (C) the shares of Common Stock into
     or for which the Securities are than convertible or exchangeable, as the
     case may be; provided, however, that any such shares of Common Stock
     referred to in clauses (A) through (C) above shall cease to be Registrable
     Shares when (i) in the circumstances contemplated by Section 2 (other than
     Section 2(f)) or Section 3, a Demand Registration Statement or a Piggyback
     Registration Statement registering such shares of Common Stock under the
     Securities Act has been declared or becomes effective and such shares of
     Common Stock shall have been sold or otherwise transferred by the holder
     thereof pursuant to and in a manner contemplated by such effective
     Registration Statement; or (ii) the Founders' Shares, the Investors' Shares
     or the shares of Common Stock underlying the Founders Shares, the Investors
     Shares and the Securities is sold pursuant to Rule 144 or Rule 144A under
     circumstances in which any legend borne by such Common Stock relating to
     restrictions on transferability thereof, under the Securities Act or
     otherwise, is removed by the Company or pursuant to the Warrant Agreement.

          "Registration Expenses" shall have the meaning assigned thereto in
     Section 6 hereof.

          "Requisite Holders" means Requisite Investor Holders or Requisite
     Purchaser Holders as the context may require.

          "Requisite Investor Holders" means the holders of Investors' Shares
     representing at least 70% of the total number of Investors' Shares then
     outstanding.

          "Requisite Purchaser Holders" means the holders of Securities
     representing or covering on conversion or exercise, in the aggregate, 25%
     or more of the total number of shares of Common Stock issuable on
     conversion or exercise of the Securities at the Closing.

          "Registration" shall have the meaning assigned thereto in Section 3(a)
     hereof.

          "Registration Statements" shall have the meaning assigned thereto in
     Section 3(a) hereof.

          "Rule 144," "Rule 144A", "Rule 405" and "Rule 415" shall mean, in each
     case, such rule promulgated under the Securities Act (or any successor
     provision), as the same shall be amended from time to time.

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          "Secondary Offer Registration Statement" shall mean (i) any
     Registration Statement required to be filed by the Company pursuant to
     Section 2 or 3 hereof, and/or (ii) the Market Making Registration Statement
     required to be filed by the Company pursuant to Section 4 hereof, in each
     case, as applicable. As used herein, references to a Secondary Offer
     Registration Statement in the singular shall, if applicable, be deemed to
     be in the plural.

          "Securities" shall have the meaning assigned thereto in the recitals
     to this Agreement.

          "Securities Act" shall mean the Securities Act of 1933, or any
     successor thereto, as the same shall be amended from time to time.

          "TWP" shall mean Thomas Weisel Partners Group LLC and its affiliates.

          "Underwriters' Representative" shall mean the managing underwriter,
     or, in the case of a co-managed underwriting, the managing underwriter
     designated as the Underwriters' Representative by the co-managers.

          "Warrants" shall have the meaning assigned thereto in the recitals to
     this Agreement.

     Unless the context otherwise requires, any reference herein to a "Section"
or "clause" refers to a Section or clause, as the case may be, of this
Agreement, and the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Agreement as a whole and not to any particular
Section or other subdivision.

     Section 2.  Demand Registration of the Registrable Shares under the
                 Securities Act.

     (a)  If either the Requisite Investors Holders or the Requisite Purchaser
Holders shall at any time make a written request (a "Demand Registration
Request") to the Company in compliance with this Section 2, the Company shall
cause to be filed with the Commission a registration statement (a "Demand
Registration Statement") under the Securities Act covering all or any part of
the Registrable Shares (a "Demand Registration"), as such holders (the
"Initiating Holders") shall request in writing.

          (i)   Any request made pursuant to this Section 2(a) by Requisite
Purchaser Holders shall be addressed to the attention of the Secretary of the
Company, and shall specify the number of Registrable Shares to be registered
(which shall result in gross proceeds of not less than $10,000,000, assuming no
reduction in the number of Registrable Shares that may be included in such
Demand Registration pursuant to Section 2(e)); provided, however, that the
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holders of the Registrable Shares (other than Founders' Shares or Investors'
Shares) may request registration of any amount of such Registrable Shares where
such holders request registration of all of the remaining such Registrable
Shares, the intended method of distribution thereof and that the request is for
a Demand Registration pursuant to this Section 2(a).

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          (ii)   Any request made pursuant to this Section 2(a) by the Requisite
Investor Holders shall be addressed to the Company, and shall specify the number
of Restricted Shares to be registered (which shall result in gross proceeds of
not less than (x) $750,000 if the Registration is required to be effected on
Form S-1 or any similarly long-form registration statement under the Securities
Act (a "Long-Form Registration") or (y) $250,000 if the Registration may be
effected on Form S-2 or S-3 or any similar short-form registration statement
under the Securities Act (a "Short-Form Registration").

          (iii)  As promptly as practicable, but no later than ten days after
receipt of a Demand Registration Request, the Company shall give written notice
(the "Demand Exercise Notice") of such Demand Registration Request to all
holders of Registrable Shares.  Following a request for a Demand Registration,
the Company shall include in a Demand Registration (x) the Registrable Shares of
the Initiating Holders and (y) the Registrable Shares of any other holders of
Registrable Shares who shall have made a written request to the Company for
inclusion in such registration (which request shall specify the maximum number
of Registrable Shares intended to be disposed of by such holder) within 30 days
after the receipt of the Demand Exercise Notice.  The Company shall, as
expeditiously as possible, use its best efforts to effect such registration
under the Securities Act (including, without limitation, by means of a shelf
registration pursuant to Rule 415 under the Securities Act if so requested and
if the Company is then eligible to use such registration) of the Registrable
Shares which the Company has been so requested to register, for distribution in
accordance with such intended method of distribution by the holders electing to
include Registrable Shares therein.

     (b)  Following receipt of a request for a Demand Registration, the Company
shall:

          (i)    file the Demand Registration Statement with the Commission as
     promptly as reasonably practicable, and, subject to Section 2(a), shall use
     all reasonable efforts to have the Demand Registration Statement declared
     effective under the Securities Act as soon as reasonably practicable, in
     each instance giving due regard to the need to prepare current financial
     statements, conduct due diligence and complete other actions that are
     reasonably necessary to effect a registered public offering; and

          (ii)   use all reasonable efforts to keep the relevant registration
     statement continuously effective, for up to 180 days or until such earlier
     date as of which all the Registrable Shares under the Demand Registration
     Statement shall have been disposed of in the manner described in the
     Registration Statement, or such longer period as in the judgment of counsel
     for the underwriters a prospectus is required by law to be delivered in
     connection with sales of Registrable Shares by an underwriter or dealer in
     accordance with the plan of distribution included in such Demand
     Registration Statement; provided, however, that such obligation to
                             --------  -------
     maintain the continuous effectiveness of the registration statement shall
     not apply if such registration statement is on Form S-1 or an equivalent
     form which does not permit incorporation by reference.

     (c)  (i)    The Company shall not be obligated to effect more than three
Demand Registrations by Requisite Purchaser Holders pursuant to Section 2(a)
which are Long-Form Registration; provided that the Company shall be obligated
to effect an unlimited number of

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Demand Registrations by the Requisite Purchaser Holders pursuant to Section 2(c)
which are Short-Form Registrations. For purposes of the preceding sentence, a
Demand Registration shall not be deemed to have been effected (i) unless a
Demand Registration Statement with respect thereto has become effective, (ii) if
after such Demand Registration Statement has become effective, such Demand
Registration Statement or the related offer, sale or distribution of Registrable
Shares thereunder is interfered with by any stop order, injunction or other
order or requirement of the Commission or other governmental agency or court for
any reason not attributable to the holder of the Registrable Shares and such
interference is not thereafter eliminated or (iii) if the conditions to closing
specified in any underwriting agreement entered into in connection with such
registration are not satisfied or waived, other than by reason of a failure on
the part of the holder of the Registrable Shares. If the Company shall have
complied with its obligations under this Agreement, a right to demand a
registration pursuant to this Section 2 shall be deemed to have been satisfied
upon the earlier of (x) the date as of which all of the Registrable Shares
included therein shall have been distributed pursuant to the Registration
Statement, and (y) the date as of which such Demand Registration shall have been
continuously effective for a 180-day period or other period specified in Section
2(b)(ii) following the effectiveness of such Demand Registration Statement,
provided no stop order or similar order, or proceedings for such an order, is
thereafter entered or initiated.

          (ii) (x)  The holders of Investors' Shares may request two Long-Form
Demand Registrations pursuant to paragraph 2(a) for which the Company will pay
all Registration Expenses.  A registration will not count as a Long-Form Demand
Registration under this paragraph (x) until it has become effective and will not
count as a Long-Form Demand Registration under this paragraph (i) unless the
Holders of Investors' Shares initially requesting such registration are able to
register and sell at least 50% of the Registrable Shares requested to be
included in such registration; provided that in any event the Company will pay
all Registration Expenses in connection with any such registration initiated as
a Long-Form Demand Registration.

               (y)  In addition to the rights provided by paragraph (x) of this
Section 2(c), if the number of prior Long-Form Demand Registrations pursuant to
such paragraph (x) equals two, the holders of Investors' Shares shall be
entitled to request pursuant to paragraph 2(a) an unlimited number of additional
Long-Form Demand Registrations provided that the holders of securities to be
registered thereunder agree to pay their pro rata share (as determined in
accordance with the number of shares requested to be registered in such
registration) of all associated Registration Expenses in connection with such
registration, whether or not such registration becomes effective.
Notwithstanding the terms of the preceding sentence, if the failure of a
registration initiated pursuant to this paragraph (y) to become effective is the
result of a breach by the Company of any of its obligations under this
Agreement, the Company shall pay all Registration Expenses in connection with
such registration.

               (z)  In addition to the Long-Form Demand Registrations that may
be requested pursuant to Section 2(a), the holders of Investors' Shares will be
entitled to request pursuant to paragraph 2(a) an unlimited number of Short-Form
Demand Registrations.  The Corporation will pay all Registration Expenses
incurred in connection with such registration if

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the aggregate offering value of all Registrable Shares requested to be
registered in such registration pursuant to Section 2(a) is reasonably expected
to equal at least $750,000, whether or not such registration becomes effective.
If the aggregate offering value of all Registrable Shares requested to be
registered in such registration pursuant to Section 2(a) is not reasonably
expected to equal at least $750,000, the holders of securities to be registered
thereunder shall pay their pro rata share (as determined in accordance with the
percentage of shares requested to be registered in such registration) of all
associated Registration Expenses in connection with such registration, whether
or not such registration becomes effective. Notwithstanding the terms of the
preceding sentence, if the failure of such registration to become effective is
the result of a breach by the Company of any of its obligations under this
Agreement, the Company shall pay all Registration Expenses in connection with
such registration.

     (d)  In connection with any Demand Registration, the Majority Electing
Holders shall have the right to select the underwriter or underwriters and
manager or managers to administer such offering; provided, however, that each
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Person so selected shall be acceptable to the Company in its reasonable
judgment.

     (e)  If the Underwriters' Representative in connection with any
underwritten offering described in this Section 2 shall have informed the
Company that in its opinion the total number of shares of Common Stock that
the holders of the Registrable Shares, and any other Persons desiring to
participate in such registration, intend to include in such offering is such
as to materially and adversely affect the success and pricing of such offering,
then the Company shall include in such Demand Registration (a) first, all
Registrable Shares requested to be included in such registration by the
Electing Holders of Registrable Shares; provided that if the number of shares of
                                        --------
Common Stock so elected to be included in such registration by all Electing
Holders of Registrable Shares exceeds the number recommended by the
Underwriters' Representative, then the number of Registrable Shares to be so
included in such registration will be reduced pro rata in accordance with the
number of shares requested to be included by each Electing Holder, to such
number recommended by the Underwriters' Representative; provided, further, that
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on no more than two occasions if the Initiating Holders are holders of
Purchasers' Shares and on no more than two occasions if the Initiating Holders
are holders of Investors' Shares, the Initiating Holders may specify that (x) if
such Initiating Holders are holders of Registrable Shares (other than Investors'
Shares or Founders' Shares) (all such non-excluded Registrable Shares, the
"Purchasers' Shares"), such reduction will be effected first by reducing the
number of Investors' Shares pro rata in accordance with the number of Investors'
Shares to be included therein until the number of Investors' Shares to be so
included are reduced to zero and then by reducing the number of Purchasers'
Shares pro rata in accordance with the number of Purchasers' Shares to be
included therein, and (y) if such Initiating Holders are holders of Investors'
Shares, such reduction will be effected first by reducing the number of
Purchasers' Shares pro rata in accordance with the number of Purchasers' Shares
to be included therein until the number of Purchasers' Shares to be so included
is reduced to zero and then by reducing the number of Investors' Shares pro rata
in accordance with the number of Investors' Shares to be included therein; and
(b) second, if all Registrable Shares so elected to be included by the Electing
Holders are so included, such additional number of shares of Common Stock that
the Company or any other Persons entitled to participate in such registration
desire to include in such

                                      -9-
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registration and that the Underwriters' Representative has informed the Company
may be included in such registration without adversely affecting the success and
pricing of the offering of all Registrable Shares so requested to be included
therein; provided that the number of shares of Common Stock to be offered for
         --------
the account of all such other Persons participating in such registration shall
be reduced or limited to the extent necessary so that the total number of shares
of Common Stock requested to be included in such offering does not exceed the
maximum number of shares of Common Stock recommended by such Underwriters'
Representative.

     (f)  Notwithstanding anything herein to the contrary, the Company shall not
be obligated to take any action to effect any such registration, qualification
or compliance pursuant to this Section 2 if (i) the Board of Directors
determines in the exercise of its reasonable judgment that effecting such Demand
Registration at such time would require disclosure of a material fact that the
Board determines in good faith would have a material adverse effect on any
proposal or plan by the Company or any of its subsidiaries to engage in a
significant transaction, then, in which case the Company may defer such Demand
Registration for a single period not to exceed 90 days once every 12 months and
(ii) in any particular jurisdiction in which the Company would be required to
execute a general consent to service of process in effecting such registration,
qualification or compliance unless the Company is already subject to service in
such jurisdiction and except as may be required by the Securities Act.

     Section 3.   Piggyback Registration.

     (a)  If at any time the Company proposes to register (including for this
purpose a registration effected by the Company for the account of the Company or
shareholders of the Company other than the holders of the Registrable Shares,
whether or not pursuant to the Existing Registration Agreement) shares of Common
Stock or securities convertible or exercisable into shares of Common Stock under
the Securities Act in connection with the public offering solely for cash on
Form S-1, S-2 or S-3 (or any replacement or successor forms), as soon as
practicable (but in no event less than 10 business days prior to the date of
filing any related Registration Statement), the Company shall promptly give the
holders of the Registrable Shares written notice of such registration (a
"Piggyback Registration," and, collectively with a Demand Registration, a
"Registration").  Upon the written request of the holders of the Registrable
Shares given within 10 days following the date of such notice, the Company shall
use all reasonable efforts to cause to be included in such registration
statement (a "Piggyback Registration Statement," and, collectively with the
Demand Registration Statement, the "Registration Statements"), and use all
reasonable efforts to cause to be registered under the Securities Act all the
Registrable Shares that the holders of the Registrable Shares shall have
requested to be registered.  The Company shall have the absolute right to
withdraw or cease to prepare or file any Piggyback Registration Statement for
any offering referred to in this Section 3 without any obligation or liability
to the holder of the Registrable Shares; provided, that the Company shall
                                         --------
promptly notify the holders of the Registrable Shares in writing of any such
action.

     (b)  If the Piggyback Registration Statement relates to an underwritten
offering of Common Stock or securities convertible or exercisable into shares of
Common Stock for the account of the Company and if the Underwriters'
Representative of such underwritten offering

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<PAGE>

shall inform the Company that in its opinion the inclusion in such underwritten
distribution of all or a specified number of such Registrable Shares or of any
other shares of Common Stock requested to be included therein would materially
and adversely effect the success and pricing of such offering or of such
distribution then the Company shall include in such Piggyback Registration (a)
first, all shares of Common Stock requested to be included in such registration
for the account of the Company, (b) second, all Registrable Shares requested to
be included therein by holders of Founders Shares, and (c) third, all
Registrable Securities requested to be included therein by the holders of
Purchasers' Shares and Investors' Shares, provided that if the number of
Registrable Shares otherwise includable under clause (b) or (c) above is to be
reduced, such number shall be reduced by reducing the number of Registrable
Shares otherwise includable pro rata in accordance with the number of
Registrable Shares requested to be included by the Holders of Founders' Shares
(in the case of clause (b)), and by the holders of Purchasers' Shares and
Investors' Shares (in the case clause (c)). If the Piggyback Registration
Statement relates to an underwritten offering of Common Stock or securities
convertible or exercisable into Common Stock otherwise than for the account of
the Company and if the Underwriters' Representative of such underwritten
offering shall inform the Company that in its opinion the inclusion in such
underwritten distribution of all or a specified number of such shares of Common
Stock to be included therein would materially and adversely affect the success
and pricing of such offering or of such distribution then the Company shall
include in such Piggyback Registration (a) first, all shares of Common Stock
requested to be included in such registration for the account of the persons
(other than holders of Purchasers' Shares or Investors' Shares) who requested
such registration, (b) second, all Registrable Shares requested to be included
in such Registration by the holders of Purchasers' Shares and Investors' Shares
pro rata in accordance with the number of Registrable Shares requested be
included therein and (c) third, all shares of Common Stock requested to be
included therein for the account of the Company.

     The Company may decline to file a Piggyback Registration Statement referred
to in this Section 3(b) after giving notice to the holders of the Registrable
Shares, or withdraw such a Piggyback Registration Statement after filing, or
otherwise abandon any such proposed underwritten offering; provided that the
                                                           --------
Company shall promptly notify the holders of the Registrable Shares in writing
of any such action.

     (c)  The Electing Holders with respect to any Registration may not
participate in any underwritten offering under Sections 2(a) or 3(a) hereof
unless it completes and executes all customary questionnaires (including a
Notice and Questionnaire as contemplated by Section 5(a)(ii)), powers of
attorney, custody agreements, underwriting agreements and other customary
documents required under the terms of such underwriting arrangements (if any).
In connection with any underwritten offering under Sections 2(a) or 3(a), each
of the Electing Holders and the Company shall be a party to the underwriting
agreement with the underwriters and may be required to make certain customary
representations and warranties (in the case of the Electing Holders as to the
Registrable Shares being sold by the Electing Holder in such underwritten
offering and the plan of distribution thereof) and provide certain customary
indemnifications for the benefit of the underwriters.

                                     -11-
<PAGE>

     (d)  The holders of the Registrable Shares shall be entitled to have their
Registrable Shares included in an unlimited number of Piggyback Registrations
pursuant to this Section 3.

     (e)  Notwithstanding the foregoing the Company shall not be obligated to
take any action pursuant to this Section 3 in any particular jurisdiction in
which the Company would be required to execute a general consent to service of
process in effecting such registration, qualification or compliance unless the
Company is already subject to service in such jurisdiction and except as may be
required by the Securities Act.

     Section 4.     Registration of Registrable Shares under a Market Making
                    Shelf Registration Statement.

     The Company agrees with TWP that if TWP and the Company mutually agree that
TWP or an affiliate should act as a market-maker with respect to Market Making
Securities,:

     (a)  If requested in writing by TWP, at any time that the Purchasers
determine that TWP is or may be deemed to be an affiliate (as defined under Rule
405) of the Company, the Company shall prepare the Market Making Prospectus and
Market Making Registration Statement in a form approved by TWP and file such
Market Making Prospectus and Market Making Registration Statement pursuant to
the Securities Act not later 60 days after the date of such request (the "Market
Making Request Date"), to make no further amendment or any supplement to the
Market Making Registration Statement or the Market Making Prospectus during the
Market Making Period (as defined below) which shall be disapproved by TWP
promptly after reasonable notice thereof, to use all reasonable efforts to cause
the Market Making Registration Statement to become effective under the
Securities Act 115 days after the Market Making Request Date, to advise TWP,
promptly after the Company receives notice thereof, of the time when the Market
Making Registration Statement, or any amendment thereto, has been filed or
becomes effective during the Market Making Period, or any supplement to the
Market Making Prospectus or any amended Market Making Prospectus has been filed
during such period, and to furnish TWP with copies thereof; to advise TWP,
promptly after the Company receives notice thereof during the Market Making
Period, of the issuance by the Commission of any stop order or of any order
preventing or suspending the use of any preliminary Market Making Prospectus or
Market Making Prospectus, of the suspension of the qualification of the Market
Making Securities for offering or sale in any jurisdiction, of the initiation or
threatening of any proceeding for any such purpose, or of any request by the
Commission for the amending or supplementing of the Market Making Registration
Statement or Market Making Prospectus or for additional information; and, in the
event of the issuance of any stop order or of any order preventing or suspending
the use of any preliminary Market Making Prospectus or Market Making Prospectus
or suspending any such qualification during the Market Making Period, to use
promptly its reasonable efforts to obtain the withdrawal of such order (the
period beginning on such date as the Purchasers determine that TWP is or may be
deemed to be an affiliate of the Company and continuing for as long as may be
required under applicable law, in the reasonable judgment of TWP after
consultation with the Company, in order to offer and sell Market Making
Securities as contemplated by the Market Making Prospectus, is herein called the
"Market Making Period");

                                     -12-
<PAGE>

     (b)  Promptly from time to time to take such action as TWP may reasonably
request to qualify the Market Making Securities for offering and sale during the
Market Making Period under the securities laws of such jurisdictions as TWP may
request and to comply with such laws so as to permit the continuance of sales
and dealings therein in such jurisdictions during such period, provided that in
connection therewith the Company shall not be required to qualify as a foreign
corporation or to file a general consent to service of process in any
jurisdiction;

     (c)  To furnish TWP with copies of the Market Making Prospectus in such
quantities as TWP may from time to time reasonably request during the Market
Making Period, and, if at any time during such period any event shall have
occurred as a result of which the Market Making Prospectus as then amended or
supplemented would include an untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made when such Market
Making Prospectus is to be delivered during such period, not misleading, or, if
for any other reason it shall be necessary during such period to amend or
supplement the Market Making Prospectus or to amend the Market Making
Registration Statement in order to comply with the Securities Act, to file under
the Exchange Act any document incorporated by reference in such Market Making
Prospectus in order to comply with the Securities Act or the Exchange Act, to
notify TWP immediately and upon its request to file such document and to prepare
and furnish without charge to TWP as many copies as it may from time to time
during such period reasonably request of an amended Market Making Prospectus or
a supplement to the Market Making Prospectus which will correct such statement
or omission or effect such compliance;

     (d)  During the Market Making Period, to furnish to TWP copies of all
reports or other communications (financial or other) furnished to shareholders
generally, and to deliver to TWP (i) as soon as they are available, copies of
any reports and financial statements furnished to or filed with the Commission
or any national securities exchange on which any class of securities of the
Company is listed; and (ii) such additional information concerning the business
and financial condition of the Company as TWP may from time to time reasonably
request (such financial statements to be on a consolidated basis to the extent
the accounts of the Company and its subsidiaries are consolidated in reports
furnished to its shareholders generally or to the Commission); and

     (e)  To use its reasonable efforts to furnish or cause to be furnished to
TWP upon its request at reasonable intervals, when the Market Making
Registration Statement or the Market Making Prospectus shall be amended or
supplemented during the Market Making Period, written opinions of counsel for
the Company, a letter from the independent accountants who have certified the
financial statements included in the Market Making Registration Statement as
then amended and certificates of officers of the Company, in each case in form
and substance reasonably satisfactory to TWP, all to the effect specified in
subsection (xvi) of Section 5(a) hereof (as modified to relate to the Market
Making Registration Statement and the Market Making Prospectus as then amended
or supplemented).

                                     -13-
<PAGE>

     Notwithstanding the foregoing provisions, if at any time the Company
determines in the exercise of its reasonable judgment that it is in possession
of material, non-public information that it would not be required to disclose
publicly in the absence of a registration of Market Making Securities under the
Securities Act, the Company may, upon 15 business days' prior written notice to
TWP, cease to comply with any of its obligations under this Section 4, whereupon
TWP shall cease using the Market Making Prospectus or any amendment or
supplement thereto until it receives notice from the Company that it may resume
using such document.

     Section 5.     Registration Procedures.

     If the Company files a registration statement pursuant to Sections 2, 3 or
4, the following provisions shall apply:

     (a)  In connection with the Company's obligations with respect to any
Registration or any Market Making Registration, as applicable, the Company shall
use its best efforts to cause the applicable Secondary Offer Registration
Statement to permit the disposition (x) of Registrable Shares by the holders
thereof in the case of a Registration, and, of Market Making Securities by TWP,
in each case in accordance with the intended method or methods of disposition
thereof provided for in the applicable Secondary Offer Registration Statement.
In connection therewith, the Company shall, as soon as reasonably possible (or
as otherwise specified):

          (i)  (A) prepare and file with the Commission, as soon as practicable,
     but in any case within the time periods specified in Sections 2, 3 or 4, as
     applicable, a Secondary Offer Registration Statement on any form which may
     be utilized by the Company, which shall (x) register all the Registrable
     Shares, in the case of a Registration Statement, and all of the Market
     Making Securities, in the case of a Market Making Registration, and in each
     case to be included therein for resale (if applicable) by the holders
     thereof in accordance with such method or methods of disposition as may be
     specified by the holders of the applicable Registrable Shares or TWP in the
     case of a Market Making Registration and (y) be, in the case of a Market
     Making Registration, in a form approved by TWP, and (B) use its
     commercially reasonable efforts  to cause such Secondary Offer Registration
     Statement to become effective as soon as practicable after such filing, but
     in any case within the time periods specified in Sections 2, 3 or 4 hereof,
     as applicable;

          (ii) not less than 30 calendar days prior to the Effective Time of any
     applicable Registration Statement, mail the Notice and Questionnaire to the
     holders of the applicable Registrable Shares; no holder shall be entitled
     to be named as a selling securityholder in any Registration Statement as of
     the Effective Time thereof, and no holder shall be entitled to use the
     prospectus forming a part thereof for resales of Registrable Shares at any
     time, unless such holder has returned a completed and signed Notice and
     Questionnaire to the Company by the deadline for response set forth
     therein;

                                     -14-
<PAGE>

     provided, however, holders of Registrable Shares shall have at least 28
     --------  -------
     calendar days from the date on which the Notice and Questionnaire is first
     mailed to such holders to return a completed and signed Notice and
     Questionnaire to the Company;

          (iii) as soon as practicable (A) prepare and file with the Commission
     such amendments and supplements to the Secondary Offer Registration
     Statement and the prospectus included therein as may be necessary to effect
     and maintain the effectiveness of such Secondary Offer Registration
     Statement for the period specified in Sections 2, 3 or 4 hereof, as
     applicable, and as may be required by the applicable rules and regulations
     of the Commission and the instructions applicable to the form of such
     Secondary Offer Registration Statement, and, in the case of an amendment to
     or supplement of the Market Making Registration Statement, in a form
     approved by TWP and (B) furnish to the Electing Holders, in the case of any
     Registration, and TWP, in the case of a Market Making Registration, copies
     of any such supplement or amendment simultaneously with or prior to its
     being used or filed with the Commission;

          (iv)  comply with the provisions of the Securities Act with respect to
     the disposition of all of the Registrable Shares or Market Making
     Securities, as applicable, covered by such Secondary Offer Registration
     Statement in accordance with the intended methods of disposition provided
     for therein by the Electing Holders, in the case of any Registration, or
     TWP, in the case of a Market Making Registration;

          (v)   provide (A) with respect to any Registration, the Electing
     Holders and not more than one counsel for all the Electing Holders; (B)
     with respect to a Market Making Registration, TWP and its counsel; and (C)
     in either case, the underwriters (which term, for purposes of this
     Agreement shall include a Person deemed to be an underwriter within the
     meaning of Section 2(11) of the Securities Act), if any, thereof, the sales
     or placement agent, if any, therefor, and counsel for such underwriters or
     agent, the opportunity to participate in the preparation of such Secondary
     Offer Registration Statement, each prospectus included therein or filed
     with the Commission and each amendment or supplement thereto;

          (vi)  for a reasonable period prior to the filing of such Secondary
     Offer Registration Statement, and throughout the applicable periods
     specified in Sections 2, 3 or 4 hereof, as applicable, make available at
     reasonable times at the Company's principal place of business or such other
     reasonable place for inspection by the Persons referred to in Section
     5(a)(v) who shall certify to the Company that they have a current intention
     to sell the Registrable Shares pursuant to any Registration, or Market
     Making Securities pursuant to the Market Making Registration, as
     applicable, such financial and other information and books and records of
     the Company, and cause the officers, employees, counsel and independent
     certified public accountants of the Company to respond to such inquiries,
     as shall be reasonably necessary, in the judgment of the respective counsel
     referred to in such Section 5(a)(v), to conduct a reasonable investigation
     within the meaning of Section 11 of the Securities Act; provided; however,
     that each such party shall be required to maintain in confidence and not to
     disclose to any other Person any

                                     -15-
<PAGE>

     information or records reasonably designated by the Company as being
     confidential until such time as, (A) such information becomes a matter of
     public record (whether by virtue of its inclusion in such registration
     statement or otherwise), or (B) such Person shall be required so to
     disclose such information pursuant to a subpoena or order of any court or
     other governmental agency or body having jurisdiction over the matter or
     otherwise pursuant to the request of any governmental agency (only after
     such Person shall have given the Company prompt prior written notice of
     such requirement), or (C) such information is required to be set forth in
     such Secondary Offer Registration Statement or the prospectus included
     therein or in an amendment to such Secondary Offer Registration Statement
     or an amendment or supplement to such prospectus in order that such
     Secondary Offer Registration Statement, prospectus, amendment or
     supplement, as the case may be, complies with applicable requirements of
     the federal securities laws and the rules and regulations of the Commission
     and does not contain an untrue statement of a material fact or omit to
     state therein a material fact required to be stated therein or necessary to
     make the statements therein not misleading in light of the circumstances
     then existing;

          (vii)  promptly notify each of the Electing Holders or TWP, as
     applicable, any sales or placement agent therefor and any underwriter
     thereof (which notification may be made through any managing underwriter
     that is a representative of such underwriter for such purpose) and confirm
     such advice in writing, (A) when such Secondary Offer Registration
     Statement or the prospectus included therein or any prospectus amendment or
     supplement or post-effective amendment has been filed, and, with respect to
     such Secondary Offer Registration Statement or any post-effective
     amendment, when the same has become effective, (B) of the receipt of
     written comments from the Commission and from the blue sky or securities
     commissioner or regulator of any state with respect thereto or any request
     by the Commission for amendments or supplements to such Secondary Offer
     Registration Statement or prospectus or for additional information, (C) of
     the issuance by the Commission of any stop order suspending the
     effectiveness of such Secondary Offer Registration Statement or the
     initiation or threatening of any proceedings for that purpose, (D) if at
     any time during which such Secondary Offer Registration Statement is
     effective the representations and warranties of the Company contemplated by
     Section 5(a)(xv) or Section 7 cease to be true and correct in all material
     respects, (E) of the receipt by the Company of any notification with
     respect to the suspension of the qualification of the Registrable Shares or
     the Market Making Securities, as applicable, for sale in any jurisdiction
     or the initiation or threatening of any proceeding for such purpose, or (F)
     if at any time when a prospectus is required to be delivered under the
     Securities Act, such Secondary Offer Registration Statement, prospectus,
     prospectus amendment or supplement or post-effective amendment, or any
     document incorporated by reference in any of the foregoing, does not
     conform in all material respects to the applicable requirements of the
     Securities Act and the rules and regulations of the Commission thereunder
     or contains an untrue statement of a material fact or omits to state any
     material fact required to be stated therein or necessary to make the
     statements therein not misleading in light of the circumstances then
     existing;

                                     -16-
<PAGE>

          (viii) use commercially reasonable efforts to obtain the withdrawal
     of any order suspending the effectiveness of such Secondary Offer
     Registration Statement or any post-effective amendment thereto at the
     earliest practicable date;

          (ix)   if requested by any managing underwriter or underwriters, any
     placement or sales agent, any Electing Holder or TWP, promptly incorporate
     in a prospectus supplement or post-effective amendment such information as
     is required by the applicable rules and regulations of the Commission and
     as such managing underwriter or underwriters, such agent, such Electing
     Holder or TWP specify should be included therein relating to the terms of
     the sale of such Registrable Shares, or Market Making Securities, as
     applicable, including information with respect to the number of Registrable
     Shares or other Market Making Securities being sold by TWP, such Electing
     Holder, TWP, or agent or underwriter, the offering price of such
     Registrable Shares or the Market Making Securities, as applicable, and any
     discount, commission or other compensation payable in respect thereof and
     the purchase price being paid therefor by such underwriters, and with
     respect to any other terms of the offering of the Registrable Shares, or
     Market Making Securities, as applicable, to be sold by such Electing
     Holder, TWP, or agent or to such underwriters, as applicable; and to make
     all required filings of such prospectus supplement or post-effective
     amendment promptly after notification of the matters to be incorporated in
     such prospectus supplement or post-effective amendment;

          (x)    furnish to each Electing Holder, TWP, each placement or sales
     agent, if any, therefor, each underwriter, if any, thereof and the
     respective counsel referred to in Section 5(a)(v) a conformed copy of such
     Secondary Offer Registration Statement, each such amendment and supplement
     thereto (in each case, including all exhibits thereto (in the case of an
     Electing Holder of Registrable Shares, upon request) and documents
     incorporated by reference therein) and such number of copies of such
     Secondary Offer Registration Statement (excluding exhibits thereto and
     documents incorporated by reference therein unless specifically so
     requested by such Electing Holder, TWP, or agent or underwriter, as the
     case may be) and of the prospectus included in such Secondary Offer
     Registration Statement (including each preliminary prospectus and any
     summary prospectus), in conformity in all material respects with the
     applicable requirements of the Securities Act and the rules and regulations
     of the Commission thereunder, and such other documents, as TWP, such
     Electing Holder, TWP, agent, if any, and underwriter, if any, may
     reasonably request in order to facilitate the offering and disposition of
     the Registrable Shares owned by such Electing Holder or the Market Making
     Securities owned by TWP, to satisfy the prospectus delivery requirements of
     the Securities Act; and the Company hereby consents to the use of such
     prospectus (including such preliminary and summary prospectus) and any
     amendment or supplement thereto by each such Electing Holder, TWP and any
     such agent and underwriter, in each case in the form most recently provided
     to such party by the Company, in connection with the offering and sale of
     the Registrable Shares or the Market Making Securities covered by the
     prospectus (including such preliminary and summary prospectus) or any
     supplement or amendment thereto;

                                     -17-
<PAGE>

          (xi)   use commercially reasonable efforts to (A) register or qualify
     the Registrable Shares, or the Market Making Securities as applicable, to
     be included in such Secondary Offer Registration Statement under such
     securities laws or blue sky laws of such jurisdictions as any Electing
     Holder, TWP and each placement or sales agent, if any, therefor and each
     underwriter, if any, thereof shall reasonably request, (B) keep such
     registrations or qualifications in effect and comply with such laws so as
     to permit the continuance of offers, sales and dealings therein in such
     jurisdictions during the period the Market Making Registration is required
     to remain effective under Section 4 or the applicable Registration
     Statement is required to remain effective under Sections 2 or 3 above, as
     applicable, (C) make reasonably available its employees and personnel
     (including senior executive officers of the Company) and otherwise provide
     reasonable assistance to the underwriters (taking into account the
     requirements of the marketing process) in the marketing of Registrable
     Shares in any underwritten offering, including participation in any road
     show related thereto, and (D) take any and all other actions as may be
     reasonable necessary or advisable to enable each such Electing Holder and
     TWP, as applicable, such agent, if any, and such underwriter, if any, to
     consummate the disposition in such jurisdictions of such Registrable
     Shares, or the Market Making Securities, as applicable;

          (xii)  use commercially reasonable efforts to obtain the consent or
     approval of each governmental agency or authority, whether federal, state
     or local, which may be required of the Company or otherwise to effect any
     Registration or the Market Making Registration or the offering or sale in
     connection therewith or to enable the selling holder or holders or TWP to
     offer, or to consummate the disposition of, the Registrable Shares or the
     Market Making Securities, as applicable;

          (xiii) cooperate with the Electing Holders and the managing
     underwriters, if any, to facilitate the timely preparation and delivery of
     certificates representing Registrable Shares to be sold, which certificates
     shall be printed, lithographed or engraved, or otherwise produced, and
     which shall not bear any restrictive legends; and, in the case of an
     underwritten offering, enable such Registrable Shares to be in such
     denominations and registered in such names as the managing underwriters may
     request at least two business days prior to any sale of the Registrable
     Shares;

          (xiv)  enter into one or more underwriting agreements, engagement
     letters, agency agreements, "best efforts" underwriting agreements or
     similar agreements, as appropriate, including customary provisions relating
     to indemnification and contribution, and take such other actions in
     connection therewith as, in the case of a Registration, the Requisite
     Holders, or, in the case of a Market Making Registration, TWP shall request
     in order to expedite, or facilitate the disposition of such Registrable
     Shares or the Market Making Securities, as applicable;

          (xv)   whether or not an agreement of the type referred to in Section
     5(xiv) hereof is entered into and whether or not any portion of the
     offering contemplated by such Secondary Offer Registration Statement is an
     underwritten offering or is made

                                     -18-
<PAGE>

     through a placement or sales agent or any other entity, (A) make such
     representations and warranties to the Electing Holders, TWP and the
     placement or sales agent, if any, therefor and the underwriters, if any,
     thereof in form, substance and scope as are customarily made in connection
     with an offering of common stock pursuant to any appropriate agreement or a
     registration statement filed on the form applicable to the Registration or
     the Market Making Registration, as applicable; (B) obtain an opinion of
     counsel to the Company in customary form and covering such matters, of the
     type customarily covered by such an opinion, as the managing underwriters,
     if any, and in the case of a any Registration, as the Electing Holders or,
     in the case of a Market Making Registration, as TWP may reasonably request,
     addressed to such Electing Holders, TWP and the placement or sales agent,
     if any, therefor and the underwriters, if any, thereof and dated the
     effective date of such Secondary Offer Registration Statement (and if such
     Secondary Offer Registration Statement contemplates an underwritten
     offering of a part or all of the Registrable Shares or the Market Making
     Securities, as applicable, dated the date of the closing under the
     underwriting agreement relating thereto) and the date of filing of an
     amendment or supplement to such Secondary Offer Registration Statement or
     any other document that is incorporated in such Secondary Offer
     Registration Statement by reference and includes financial data with
     respect to a fiscal quarter or year, as the case may be (it being agreed
     that the matters to be covered by such opinion shall include the due
     incorporation and existence of the Company and its subsidiaries; the
     qualification of the Company and its subsidiaries to transact business as
     foreign corporations; the due authorization, execution and delivery of the
     relevant agreement of the type referred to in Section 5(a)(xiv) hereof; the
     due authorization, execution, authentication and issuance, and the validity
     and enforceability, of the Registrable Shares or the Market Making
     Securities, as applicable; the absence of material legal or governmental
     proceedings involving the Company or its subsidiaries; the absence of a
     breach by the Company or any of its subsidiaries of, or a default under,
     material agreements binding upon the Company or any subsidiary of the
     Company; the absence of governmental approvals required to be obtained by
     the Company in connection with any Registration or the Market Making
     Registration, as applicable, the offering and sale of the Registrable
     Shares, or the Market Making Securities, as applicable, this Agreement or
     any agreement of the type referred to in Section 5(a)(xiv) hereof, except
     such approvals as may be required under state securities or blue sky laws;
     the material compliance as to form of such Secondary Offer Registration
     Statement and any documents incorporated by reference therein with the
     requirements of the Securities Act and the rules and regulations of the
     Commission thereunder, respectively; and, as of the date of the opinion and
     of the Secondary Offer Registration Statement or most recent post-effective
     amendment thereto, as the case may be, the absence from such Secondary
     Offer Registration Statement and the prospectus included therein, as then
     amended or supplemented, and from the documents incorporated by reference
     therein (in each case other than the financial statements and other
     financial information contained therein) of an untrue statement of a
     material fact or the omission to state therein a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading (in the case of such documents, in the light of the
     circumstances existing at the time that such documents were filed with the
     Commission under the Exchange Act)); (C) obtain a "cold comfort" letter or
     letters

                                     -19-
<PAGE>

     from the independent certified public accountants of the Company addressed
     to the selling Electing Holders, TWP, the placement or sales agent, if any,
     therefor or the underwriters, if any, thereof, dated (i) the effective date
     of such Secondary Offer Registration Statement and (ii) the effective date
     of any prospectus supplement to the prospectus included in such Secondary
     Offer Registration Statement or amendment or supplement to such Secondary
     Offer Registration Statement or any other document that is incorporated in
     such Secondary Offer Registration Statement by reference and includes
     unaudited or audited financial statements as of a date or for a period
     subsequent to that of the latest such statements included in such
     prospectus (and, if such Secondary Offer Registration Statement
     contemplates an underwritten offering pursuant to any prospectus supplement
     to the prospectus included in such Secondary Offer Registration Statement
     or post-effective amendment to such Secondary Offer Registration Statement
     which includes unaudited or audited financial statements as of a date or
     for a period subsequent to that of the latest such statements included in
     such prospectus, dated the date of the closing under the underwriting
     agreement relating thereto), such letter or letters to be in customary form
     and covering such matters of the type customarily covered by letters of
     such type; (D) deliver such documents and certificates, including officers'
     certificates, as may be reasonably requested, in the case of any
     Registration, by the Requisite Holders or, in the case of a Market Making
     Registration, by TWP, and, in either case, the placement or sales agent, if
     any, therefor and the managing underwriters, if any, thereof, dated the
     effective date of such Secondary Offer Registration Statement (and if such
     Secondary Offer Registration Statement contemplates an underwritten
     offering of a part or all of the Registrable Shares or the Market Making
     Securities, as applicable, dated the date of the closing under the
     underwriting agreement relating thereto) and the date of filing of an
     amendment or supplement to such Secondary Offer Registration Statement or
     any other document that is incorporated in such Secondary Offer
     Registration Statement by reference and includes financial data with
     respect to a fiscal quarter or year, as the case may be, to evidence the
     accuracy of the representations and warranties made pursuant to clause (A)
     above or those contained in Section 7 hereof and the compliance with or
     satisfaction of any agreements or conditions contained in the underwriting
     agreement or other agreement entered into by the Company; and (E) undertake
     such obligations relating to expense reimbursement, indemnification and
     contribution as are provided in Sections 6 and 8 hereof;

          (xvi)  notify in writing each holder of Registrable Shares affected
     thereby and TWP, of any proposal by the Company to amend or waive any
     provision of this Agreement pursuant to Section 11(j) hereof and of any
     amendment or waiver effected pursuant thereto, each of which notices shall
     contain the text of the amendment or waiver proposed or effected, as the
     case may be;

          (xvii) in the event that any broker-dealer registered under the
     Exchange Act shall underwrite any Registrable Shares or the Market Making
     Securities, as applicable, or participate as a member of an underwriting
     syndicate or selling group or "assist in the distribution" (within the
     meaning of the Rules of Fair Practice and the By-Laws of the National
     Association of Securities Dealers, Inc. ("NASD") or any successor thereto,
     as

                                     -20-
<PAGE>

     amended from time to time) thereof, whether as a holder of such Registrable
     Shares or the Market Making Securities, as applicable, or as an
     underwriter, a placement or sales agent or a broker or dealer in respect
     thereof, or otherwise, assist such broker dealer in complying with the
     requirements of such Rules and By-Laws, including by (A) if such Rules or
     By-Laws shall so require, engaging a "qualified independent underwriter"
     (as defined in Rule 2720 (or any successor thereto)) to participate in the
     preparation of the Secondary Offer Registration Statement relating to such
     Registrable Shares or the Market Making Securities, as applicable, to
     exercise usual standards of due diligence in respect thereto and, if any
     portion of the offering contemplated by such Secondary Offer Registration
     Statement is an underwritten offering or is made through a placement or
     sales agent, to recommend the yield of such Registrable Shares or the
     Market Making Securities, as applicable, (B) indemnifying any such
     qualified independent underwriter to the extent of the indemnification of
     underwriters provided in Section 8 hereof (or to such other customary
     extent as may be requested by such underwriter), and (C) providing such
     information to such broker-dealer as may be required in order for such
     broker-dealer to comply with the requirements of the Rules of Fair Practice
     of the NASD; and

          (xviii) comply with all applicable rules and regulations of the
     Commission, and make generally available to its securityholders as soon as
     practicable but in any event not later than eighteen months after the
     effective date of such Secondary Offer Registration Statement, an income
     statement of the Company and its subsidiaries complying with Section 11(a)
     of the Securities Act (including, at the option of the Company, Rule 158
     thereunder).

     (b)  In the event that the Company would be required to provide notice
pursuant to Section 5(a)(vii)(F) above to the Electing Holders, TWP, the
placement or sales agent, if any, therefor and the managing underwriters, if
any, thereof, the Company shall as promptly as reasonably practicable prepare
and furnish to each such Person a reasonable number of copies of a prospectus
supplemented or amended so that, as thereafter delivered to purchasers of
Registrable Shares or Market Making Securities, as applicable, such prospectus
shall conform in all material respects to the applicable requirements of the
Securities Act and the rules and regulations of the Commission thereunder and
shall not contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading.  Each Electing Holder and TWP agrees, that upon receipt
of any notice from the Company pursuant to Section 5(a)(vii)(F) hereof, such
Electing Holder and TWP, shall forthwith discontinue the disposition of
Registrable Shares or Market Making Securities, as applicable, pursuant to the
Secondary Offer Registration Statement applicable to such Registrable Shares or
Market Making Securities, as applicable, until such Electing Holder or TWP, as
applicable, shall have received copies of such amended or supplemented
prospectus, and if so directed by the Company, such Electing Holder or TWP shall
deliver to the Company (at the Company's expense) all copies, other than
permanent file copies, then in such Electing Holder's or TWP's possession of the
prospectus covering such Registrable Shares or Market Making Securities, as
applicable, at the time of receipt of such notice.

                                     -21-
<PAGE>

     (c) In addition to the information required to be provided in a Notice and
Questionnaire by each Electing Holder as to which any Registration is being
effected or to be provided by TWP in connection with the Market Making
Registration pursuant to Section 4, the Company may require an Electing Holder
or TWP, as applicable, to furnish to the Company such additional information
regarding such Electing Holder or TWP and such Electing Holder's or TWP's
intended method of distribution of the applicable Registrable Shares or Market
Making Securities as applicable, as the Company may from time to time reasonably
request in writing, but only to the extent that such information is required in
order to comply with the Securities Act.  Each such Electing Holder and TWP
agrees to notify the Company as promptly as practicable of any inaccuracy or
change in information previously furnished by such Electing Holder or TWP, as
the case may be, to the Company or of the occurrence of any event in either case
as a result of which any prospectus relating to such Registration or Market
Making Registration, as applicable, contains or would contain an untrue
statement of a material fact regarding such Electing Holder or TWP or such
Electing Holder's or TWP's intended method of disposition of the Registrable
Shares or Market Making Securities, as applicable, or omits to state any
material fact regarding such Electing Holder or TWP or such Electing Holder's or
TWP's intended method of disposition of the Registrable Shares or Market Making
Securities, as applicable, required to be stated therein or necessary to make
statements therein not misleading in light of the circumstances then existing,
and promptly to furnish to the Company any additional information required to
correct and update any previously furnished information or required so that such
prospectus shall not contain, with respect to such Electing Holder or TWP or the
disposition of the applicable Registrable Shares or Market Making Securities, as
applicable, an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing.

     Section 6. Registration Expenses.

     The Company agrees to bear and to pay or cause to be paid promptly all
expenses incident to the Company's performance of or compliance with this
Agreement, including (a) all Commission and any NASD registration, filing and
review fees and expenses, (b) all fees and expenses in connection with the
qualification of the Registrable Shares and the Market Making Securities, as
applicable, for offering and sale under the State securities and blue sky laws
referred to in Section 5(a)(xi) hereof and determination of their eligibility
for investment under the laws of such jurisdictions as any managing underwriters
or the Electing Holders or TWP may designate, including any fees and
disbursements of counsel for the Electing Holders, TWP or the underwriters in
connection with such qualification and determination, (c) all expenses relating
to the preparation, printing, production, distribution and reproduction of each
registration statement required to be filed hereunder, each prospectus included
therein or prepared for distribution pursuant hereto, each amendment or
supplement to the foregoing, the expenses of preparing the Registrable Shares or
Market Making Securities, as applicable, for delivery and the expenses of
printing or producing any underwriting agreements, agreements among
underwriters, selling agreements and blue sky or legal investment memoranda and
all other documents in connection with the offering, sale or delivery of
Registrable Shares or Market Making Securities, as applicable, to be disposed of
(including certificates representing the Registrable Shares or the

                                     -22-
<PAGE>

Market Making Securities), as applicable, (d) messenger, telephone and delivery
expenses relating to the offering, sale or delivery of Registrable Shares or
Market Making Securities, as applicable, and the preparation of documents
referred in clause (c) above, (e) internal expenses (including all salaries and
expenses of the Company's officers and employees performing legal or accounting
duties), (f) fees, disbursements and expenses of counsel and independent
certified public accountants of the Company (including the expenses of any
opinions or "cold comfort" letters required by or incident to such performance
and compliance), (g) fees, disbursements and expenses of any "qualified
independent underwriter" engaged pursuant to Section 5(a)(xviii) hereof, (h)
fees, disbursements and expenses of one counsel for the Electing Holders
retained in connection with any Registration, as selected by the Majority
Holders and one counsel for TWP retained in connection with a Market Making
Registration, as selected by TWP; (i) fees, expenses and disbursements of any
other Persons, including special experts, retained by the Company in connection
with such registration (collectively, the "Registration Expenses"). To the
extent that any Registration Expenses are incurred, assumed or paid by any
holder of Registrable Shares, TWP or any placement or sales agent therefor or
underwriter thereof, the Company shall reimburse such Person for the full amount
of the Registration Expenses so incurred, assumed or paid promptly after receipt
of a request therefor. Notwithstanding the foregoing, the holders of the
Registrable Shares being registered or TWP, as applicable, shall pay agency fees
and commissions and underwriting discounts and commissions attributable to the
sale of the applicable Registrable Shares, or Common Stock and the fees and
disbursements of any counsel or other advisors or experts retained by such
holders (severally or jointly), other than the counsel and experts specifically
referred to above.

     Section 7.  Representations and Warranties.

     The Company represents and warrants to, and agrees with, each Purchaser
each of the holders from time to time of Registrable Shares and TWP that:

     (a) Each registration statement covering Registrable Shares or Market
Making Securities, as applicable, and each prospectus (including any preliminary
or summary prospectus) contained therein or furnished pursuant to Section 5(a)
hereof and any further amendments or supplements to any such registration
statement or prospectus, when it becomes effective or is filed with the
Commission, as the case may be, and, in the case of an underwritten offering of
Registrable Shares or Market Making Securities, as applicable, at the time of
the closing under the underwriting agreement relating thereto, will conform in
all material respects to the applicable requirements of the Securities Act and
the rules and regulations of the Commission thereunder and will not contain an
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein not misleading;
and at all times subsequent to the Effective Time when a prospectus would be
required to be delivered under the Securities Act, other than (A) from (i) such
time as a notice has been given to the Purchasers, the holders of Registrable
Shares or TWP, as applicable, pursuant to Section 5(a)(vii)(F) hereof until (ii)
such time as the Company furnishes an amended or supplemented prospectus
pursuant to Section 5(b) hereof, or (B) during any suspension of offering and
sale pursuant hereto, each such registration statement, and each prospectus

                                     -23-
<PAGE>

(including any preliminary or summary prospectus) contained therein or furnished
pursuant to Section 5(a) hereof, as then amended or supplemented, will conform
in all material respects to the applicable requirements of the Securities Act
and the rules and regulations of the Commission thereunder and will not contain
an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein not misleading
in the light of the circumstances then existing; provided, however, that this
representation and warranty shall not apply to any statements or omissions made
in reliance upon and in conformity with information furnished in writing to the
Company by a holder of Registrable Shares or TWP, as applicable, expressly for
use therein.

     (b) Any documents incorporated by reference in any prospectus referred to
in Section 7(a) hereof, when they become or became effective or are or were
filed with the Commission, as the case may be, will conform or conformed in all
material respects to the requirements of the Securities Act or the Exchange Act,
as applicable, and none of such documents will contain or contained an untrue
statement of a material fact or will omit or omitted to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading.

     Section 8.  Indemnification.

     (a)  Indemnification by the Company.  The Company agrees to indemnify and
          ------------------------------
hold harmless (i) each of the Electing Holders of Registrable Shares included in
a Registration Statement and TWP as holders of Market Making Securities included
in a Market Making Registration Statement and each Person who participates as a
placement or sales agent or as an underwriter in any offering or sale of such
Registrable Shares or Market Making Securities, as applicable, (ii) each Person,
if any, who controls (within the meaning of Section 15 or Section 20 of the
Exchange Act) any such Person referred to in clause (i) (any of the Persons
referred to in this clause (ii) being referred to herein as a "Controlling
Person") and (iii) the respective officers, directors, partners, employees,
representatives and agents of any Person referred to in clause (i) or any such
Controlling Person (any such Person referred to in clause (i), (ii) or (iii)
referred to for purposes of this Section 8(a) and Sections 8(c) through 8(e) as
an "Indemnified Person"), against any losses, claims, damages or liabilities,
joint or several, to which or such Indemnified Person may become subject, under
the Securities Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon an
untrue statement or alleged untrue statement of a material fact contained in any
Secondary Offer Registration Statement, or any preliminary, final or summary
prospectus contained therein, or any amendment or supplement thereto, or arise
out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein not misleading; and will reimburse each such Indemnified Person for any
legal and other expenses reasonably incurred by such Indemnified Person in
connection with investigating or defending any such action or claims as such
expenses are incurred; provided, however, that the Company shall not be liable
                       --------  -------
in any such case (i) to the extent that any such loss, claim, damage or
liability arises out of or is based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in any such Registration
Statement, or any preliminary, final or summary prospectus contained therein, or
any amendment or

                                     -24-
<PAGE>

supplement thereto, in reliance upon and in conformity with written information
furnished to the Company by any Indemnified Person expressly for use therein or
(ii) from the use or delivery by such Indemnified Person, Controlling Person or
underwriter of a prospectus other than the most current prospectus made
available to such Holder, Controlling Person or underwriter by the Company.

     (b)  Indemnification by the Holders and any Agents and Underwriters in
          -----------------------------------------------------------------
Connection with any Registration.  The Company may require, as a condition to
--------------------------------
including any Registrable Share in any Registration Statement and to entering
into any underwriting agreement with respect thereto, that the Company shall
have received an undertaking reasonably satisfactory to it from each Electing
Holder of such Registrable Shares and from each underwriter named (if any) in
any such underwriting agreement, severally and not jointly, to indemnify and
hold harmless (i) the Company and all other holders of Registrable Shares, (ii)
each Controlling Person of any Person referred to in clause (i), and (iii) the
respective officers, directors, partners, employees, representatives and agents
of any Person referred to in clause (i) or any such Controlling Person (any
Person referred to in clause (i), (ii) or (iii), referred to for purposes of
this Section 8(b) and Sections 8(c) through 8(e) as an "Indemnified Person")
against any losses, claims, damages or liabilities, joint or several, to which
such Indemnified Person may become subject, under the Securities Act or
otherwise, insofar as such losses, claims, damages, or liabilities (or actions
in respect thereof) arise out of or are based upon any untrue or alleged untrue
statement of a material fact contained in such Registration Statement, or any
preliminary, final or summary prospectus contained therein, or any amendment or
supplement thereto, or arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, in each case to the
extent, but only to the extent, that such untrue statement or alleged untrue
statement or omission or alleged omission was made in such Registration
Statement, or any preliminary, final or summary prospectus contained therein, or
any amendment or supplement thereto, in reliance upon and in conformity with
written information furnished to the Company by such Indemnified Person
expressly for use therein; and will reimburse the Company for any legal and
other expenses reasonably incurred by the Company in connection with
investigating or defending any such actions or claims as such expenses are
incurred; provided, however, that the liability of any Electing Holder pursuant
          --------  -------
to this subsection (b) shall not exceed the product of the number of Registrable
Shares sold by such Electing Holder and the initial offering price therefor as
set forth in the prospectus therefor.

     (c)  Notifications and Other Indemnification Procedures.  Promptly after
          --------------------------------------------------
receipt by an Indemnified Person (as defined under each of subsections (a) and
(b) of this Section 8) of notice of the commencement of any action, such
Indemnified Person shall, if a claim in respect thereof is to be made against an
indemnifying party under such clause, notify such indemnifying party in writing
of the commencement thereof; but the omission so to notify the indemnifying
party will not relieve it from any liability which it may have to any
Indemnified Person otherwise than under such subsection or to the extent it is
not prejudiced as a proximate result of such failure.  In case any such action
is brought against any Indemnified Person and it shall notify an indemnifying
party of the commencement thereof, the indemnifying party will be entitled to
participate therein and, to the extent that it shall wish, jointly with any
other indemnifying party

                                     -25-
<PAGE>

similarly notified, to assume the defense thereof, with counsel satisfactory to
such Indemnified Person (who shall not, except with the consent of the
Indemnified Person, be counsel to the indemnifying party), and, after notice
from the indemnifying party to such Indemnified Person of its election so to
assume the defense thereof, the indemnifying party shall not be liable to such
Indemnified Person under such subsection for any legal expenses of other counsel
or any other expenses, in each case subsequently incurred by such Indemnified
Person, in connection with the defense thereof other than reasonable costs of
investigation. Notwithstanding the foregoing, any Indemnified Person shall have
the right to employ separate counsel in any such action and participate in the
defense thereof, but the fees and expenses of such counsel shall be at the
expense of the Indemnified Person unless the Indemnified Person shall have been
advised by counsel that representation of the Indemnified Person by counsel
provided by the indemnifying party would be inappropriate due to actual or
potential conflicting interests between the indemnifying party and the
Indemnified Person, including situations in which there are one or more legal
defenses available to the Indemnified Person that are different from or
additional to those available to the indemnifying party; provided, however, that
                                                         --------  -------
the indemnifying party shall not, in connection with any one such action or
proceeding or separate but substantially similar actions or proceedings arising
out of the same general allegations, be liable for the fees and expenses of more
than one separate firm of attorneys at any time for all Indemnified Parties,
except to the extent that local counsel, in addition to its regular counsel, is
required in order to effectively defend against such action or proceeding.  No
indemnifying party shall, without the written consent of the Indemnified Person,
effect the settlement or compromise of, or consent to the entry of any judgment
with respect to, any pending or threatened action or claim in respect of which
indemnification or contribution may be sought hereunder (whether or not the
Indemnified Person is an actual or potential party to such action or claim)
unless such settlement, compromise or judgment (i) includes an unconditional
release of the Indemnified Person from all liability arising out of such action
or claim and (ii) does not include a statement as to or an admission of fault,
culpability or a failure to act, by or on behalf of any Indemnified Person.

     (d)  Contribution.  If the indemnification provided for in this Section 8
          ------------
is unavailable to or insufficient to hold harmless an Indemnified Person under
subsection (a), (b) or (c) above in respect of any losses, claims, damages or
liabilities (or actions in respect thereof) referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities
(or actions in respect thereof) in such proportion as is appropriate to reflect
the relative fault of the indemnifying party on the one hand and the Indemnified
Person on the other in connection with the statements or omissions which
resulted in such losses, claims, damages or liabilities (or actions in respect
thereof), as well as any other relevant equitable considerations.  The relative
fault shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or alleged
omission to state a material fact relates to information supplied by the
indemnifying party on the one hand or the Indemnified Person on the other and
the parties' relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.  The parties agree that it
would not be just and equitable if contributions pursuant to this subsection (d)
were determined by pro rata allocation (even if the Indemnified Persons were
treated as one entity for such purpose) or by any other method of allocation
which does not take account of the equitable considerations referred to above in
this

                                     -26-
<PAGE>

subsection (d). The amount paid or payable by an Indemnified Person as a result
of the losses, claims, damages or liabilities (or actions in respect thereof)
referred to above in this subsection (d) shall be deemed to include any legal or
other expenses reasonably incurred by such Indemnified Person in connection with
investigating or defending any such action or claim. Notwithstanding the
provisions of this subsection (d), no Electing Holder shall be required to
contribute any amount in excess of the amount by which the product of number of
Registrable Shares sold by such Electing Holder and the initial offering price
therefor as set forth in the prospectus therefor exceeds the amount of any
damages which such Electing Holder has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission, and
no underwriter or sales agent shall be required to contribute any amount in
excess of the amount by which the total price at which the shares of Common
Stock underwritten or placed by it and distributed to the public were offered to
the public exceeds the amount of any damages which such underwriter or sales
agent has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation.

     (e) The obligations of the Company and the Electing Holders under this
Section 9 shall be in addition to any liability which the Company and the
respective Electing Holders may otherwise have.

     Section 9.  Underwritten Offerings.

     (a) Selection of Underwriters.  If any of the Registrable Shares covered by
         -------------------------
the Registration are to be sold pursuant to an underwritten offering, the
managing underwriter or underwriters thereof shall be designated by Majority
Holders, provided that such designated managing underwriter or underwriters is
         --------
or are reasonably acceptable to the Company.

     (b) Participation by Holders.  Each holder of Registrable Shares hereby
         ------------------------
agrees with each other such holder that no such holder may participate in any
underwritten offering hereunder unless such holder (i) agrees to sell such
holder's Registrable Shares on the basis provided in any underwriting
arrangements approved by the Persons entitled hereunder to approve such
arrangements and (ii) completes and executes all questionnaires, powers of
attorney, indemnities, underwriting agreements and other documents reasonably
required under the terms of such underwriting arrangements.

     Section 10. Rule 144 and Rule 144A.

     The Company covenants to the holders of Registrable Shares and the
Purchasers that to the extent it shall be required to do so under the Exchange
Act, the Company shall timely file the reports required to be filed by it under
the Exchange Act or the Securities Act (including the reports under Sections 13
and 15(d) of the Exchange Act referred to in subparagraph (c)(1) of Rule 144
adopted by the Commission under the Securities Act) and the rules and
regulations adopted by the Commission thereunder, shall make available to each
holder of Registrable

                                     -27-
<PAGE>

Shares and the Purchasers the information required by Rule 144A(d)(4), and shall
take such further action as any holder of Registrable Shares or the Purchasers
may reasonably request, all to the extent required from time to time to enable
such holder to sell Registrable Shares or the Purchasers to sell Common Stock
without registration under the Securities Act within the limitations of the
exemptions provided by Rule 144 or Rule 144A under the Securities Act, as such
Rules may be amended from time to time, or any similar or successor rule or
regulation hereafter adopted by the Commission. Upon the request of any holder
of Registrable Shares or the Purchasers in connection with that holder's or the
Purchasers' sale pursuant to Rule 144 or Rule 144A, the Company shall deliver to
such holder or the Purchasers a written statement as to whether it has complied
with such requirements.

     Section 11. Holdoff Agreement.

     (a) The Company agrees not to effect any public sale or distribution of
equity securities of the Company, including any public sale pursuant to Rule 144
under the Securities Act, or any securities convertibles into or exchangeable or
exercisable for such securities, (a "Public Sale"), during the period commencing
                                     -----------
30 days prior to and ending 90 days after the effective date of any underwritten
Demand Registration or any underwritten Piggyback Registration (except as part
of such underwritten registration or pursuant to registration on Form S-8 or any
successor form), unless the underwriters managing the offering otherwise agree.

     (b) Each holder of Registrable Shares agrees not to effect any Public Sale
(and in the case of Investors and Purchasers, such holders agree not to effect a
distribution to their respective partners in connection with an underwritten
demand registration in which the Purchasers (in the case of Investors) or the
Investors (in the case of Purchasers) are participating under this Agreement,
provided that the party agreeing not to distribute shall have received notice of
such Registration at least 45 days prior to the effective date thereof) during
the period commencing 30 days prior to and ending 90 days after the effective
date of any underwritten registration for the account of the Company (except as
part of such underwritten registration or pursuant to registration on Form S-8
or any successor form) or any Demand Registration, unless, in any such case, the
underwriters managing the offering otherwise agree; provided that the holders of
Investors' Shares shall not be subject to the agreement set forth in this
subsection 11(b) until the first anniversary of the date hereof; provided
further that nothing in this subsection 11(b) shall be deemed to restrict any
distribution by the Investors or Purchasers to their respective partners of such
securities otherwise than as expressly set forth above or to restrict the sale
of such securities by the partners of the Investors or Purchasers after any such
distribution.

     (c) The Company agrees to use its commercially reasonable efforts to cause
any underwriters managing an offering  referred to in the Existing Registration
Agreement or otherwise to release the holders of Registrable Shares from any
resale restrictions managed by such underwriters with respect to such offerings
no later than and on terms no less favorable to the holders of Registrable
Shares than imposed on other holders of shares of Common Stock who are so
released from such resale restrictions.

                                     -28-
<PAGE>

     Section 12. Miscellaneous.

     (a) No Inconsistent Agreements.  The Company represents, warrants,
         --------------------------
covenants and agrees that it has not granted, and shall not grant, registration
rights with respect to Registrable Shares, Common Stock or any other securities
which would be inconsistent with the terms contained in this Agreement.

     (b) Specific Performance.  The parties hereto acknowledge that there would
         --------------------
be no adequate remedy at law if the Company fails to perform any of its
obligations hereunder and that the Purchasers, the holders from time to time of
the Registrable Shares and TWP may be irreparably harmed by any such failure,
and accordingly agree that the Purchasers, such holders and TWP, in addition to
any other remedy to which they may be entitled at law or in equity, shall be
entitled to compel specific performance of the respective obligations of the
Company under this Agreement in accordance with the terms and conditions of this
Agreement, in any court of the United States or any State thereof having
jurisdiction.

     (c) Notices.  All notices and communications provided for hereunder shall
         -------
be in writing and sent (i) by telecopy if the sender on the same day sends a
confirming copy of such notice by a recognized overnight delivery service
(charges prepaid); or (ii) by registered or certified mail with return receipt
requested (postage prepaid); or (iii) by a recognized overnight delivery service
(with charges prepaid).  Any such notice must be sent:

If to the Purchasers:

          Thomas Weisel Capital Partners, L.P.,
          TWP CEO Founders' Circle (AI), L.P.,
          TWP CEO Founders' Circle (QP), L.P.,
          Thomas Weisel Capital Partners Employee Fund, L.P.,
          TWP 2000 Co-Investment Fund, L.P.
          c/o Thomas Weisel Capital Partners, L.P.
          One Montgomery Street, Suite 3700
          San Francisco, CA  95104
          Facsimile:  (415) 364-2698
          Attention:  Marianne Winkler

          RKB Capital, L.P.
          150 West Lake Street
          Wayzata, Minnesota  55391
          Telecopy:  (612) 404-9266
          Attention: Peter Schleider

                                     -29-
<PAGE>

     with copies to:

          Fried, Frank, Harris, Shriver & Jacobson
          One New York Plaza
          New York, NY  10004-1980
          Facsimile: (212) 859-8000
          Attention: F. William Reindel, Esq.

     If to the Company:

          Optika Inc.
          7450 Campus Drive, 2/nd/ Floor
          Colorado Springs, CO  80920
          Facsimile: (719) 531-0199
          Attention: Steven Johnson
                     Vice President and Chief Financial Officer

     with copies to:

          E* Law Group
          3555 W. 110/th/ Place
          Westminster, Colorado 80031
          Telecopy:  (303) 410-0468
          Attention: Jeremy W. Makarechian, Esq.

          and to:

          Morrison & Foerster LLP
          370 17th Street, Suite 5200
          Denver, Colorado 30202
          Telecopy:  (303) 592-1510
          Attention: Warren Troupe, Esq.

     If to any Investor or Founder:

          At the address specified for such
          Investor or Founder in the Existing
          Registration Agreement.

Any party hereto may change the address for receipt of communications by giving
written notice to the others.

     (d) Parties in Interest.  All the terms and provisions of this Agreement
         -------------------
shall be binding upon, shall inure to the benefit of and shall be enforceable by
the parties hereto and the holders from time to time of the Registrable Shares
and the respective successors and assigns of the parties hereto and such
holders.  In the event that any transferee of any holder of Registrable

                                     -30-
<PAGE>

Shares shall acquire Registrable Shares, in any manner, whether by gift,
bequest, purchase, operation of law or otherwise, such transferee shall, without
any further writing or action of any kind, be deemed a beneficiary hereof for
all purposes and such Registrable Shares shall be held subject to all of the
terms of this Agreement, and by taking and holding such Registrable Shares such
transferee shall be entitled to receive the benefits of, and be conclusively
deemed to have agreed to be bound by all of the applicable terms and provisions
of this Agreement. If the Company shall so request, any such successor, assign
or transferee shall agree in writing to acquire and hold the Registrable Shares
subject to all of the applicable terms hereof.

     (e) Survival.  The respective indemnities, agreements, representations,
         --------
warranties and each other provision set forth in this Agreement or made pursuant
hereto shall remain in full force and effect regardless of any investigation (or
statement as to the results thereof) made by or on behalf of the Purchasers or
any holder of Registrable Shares, any director, officer or partner of the
Purchasers or such holder, any agent or underwriter or any director, officer or
partner thereof, or any Controlling Person of any of the foregoing, and shall
survive delivery of and payment for the Securities pursuant to the Purchase
Agreement and the transfer and registration of Common Stock by such holder or
the Purchasers.

     (f) Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN
         -------------
ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW OF
THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

     (g) Waiver of Jury Trial. THE ISSUER HEREBY WAIVES ANY RIGHT IT MAY HAVE TO
         --------------------
A TRIAL BY JURY IN RESPECT OF ANY ACTION, PROCEEDING OR LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OF
THE SECURITIES OR EXCHANGE NOTES.

     (h) Submission to Jurisdiction.   If any action, proceeding or litigation
         --------------------------
shall be brought by the Purchasers or any holder of the Registrable Shares in
order to enforce any right or remedy under this agreement or any of the Shares,
the Company hereby consents and will submit, and will cause each of its
subsidiaries to submit, to the jurisdiction of any state or federal court of
competent jurisdiction sitting within the area comprising the Southern District
of New York on the date of this Agreement.  The Company hereby irrevocably
waives any objection, including, but not limited to, any objection to the laying
of venue or based on the grounds of forum non conveniens, which it may now or
                                    ----- --- ----------
hereafter have to the bringing of any such action, proceeding or litigation in
such jurisdiction.

     (i) Headings.  The descriptive headings of the several Sections and
         --------
paragraphs of this Agreement are inserted for convenience only, do not
constitute a part of this Agreement and shall not affect in any way the meaning
or interpretation of this Agreement.

     (j) Entire Agreement; Amendments.  This Agreement and the other writings
         ----------------------------
referred to herein or delivered pursuant hereto which form a part hereof contain
the entire understanding of the parties with respect to its subject matter.
This Agreement supersedes all prior agreements

                                     -31-
<PAGE>

and understanding between the parties with respect to its subject matter. This
Agreement may be amended and the observance of any term of this Agreement may be
waived (either generally or in a particular instance and either retroactively or
prospectively) only by a written instrument duly executed by the Company and the
holders of at least, in the case of an amendment that could reasonably be viewed
as adversely affecting the rights of the holders of (A) Purchasers' Shares, then
a majority in number of Purchasers' Shares and (B) Investors' Shares, then 70%
of the Investors' Shares and (C) Founders' Shares, then a majority of Founders'
Shares; provided, however, that any such amendment or waiver affecting solely
provisions of this Agreement relating to the Market Making Registration may be
effected by a written instrument duly executed solely by the Company and TWP.
Each holder of any Registrable Shares at the time or thereafter outstanding
shall be bound by any amendment or waiver effected pursuant to this Section
11(j), whether or not any notice, writing or marking indicating such amendment
or waiver appears on such Registrable Shares or is delivered to such holder.

     (k) Inspection.  For so long as this Agreement shall be in effect, this
         ----------
Agreement and a complete list of the names and addresses of all the holders of
Registrable Shares and the addresses of the Purchasers shall be made available
for inspection and copying on any business day to the Purchasers or any holder
of Registrable Shares for proper purposes only (which shall include any purpose
related to the rights of the holders of Registrable Shares under the Securities
and this Agreement) at the offices of the Company at the address thereof set
forth in Section 11(c) above.

     (l) Counterparts.  This agreement may be executed in any number of
         ------------
counterparts, each of which shall be an original but all of which together shall
constitute one instrument.  Each counterpart may consist of a number of copies
hereof, each signed by less than all, but together signed by all, of the parties
hereto.

     (m) Effective Date.  This Agreement shall become effective as between the
         --------------
Company, the Founders and the Investors upon the execution of the Agreement as
of such date (the "Effective Date") on which the Agreement (which has already
been executed by the Company) shall have been executed by Investors who hold at
least 70% of the Investors' Shares and Founders who hold at least a majority of
the Founders' Shares, whereupon this Agreement shall be binding upon all
Investors and Founders, whether or not they have executed this Agreement.
Notwithstanding anything to the contrary, regardless of whether or when the
Effective Date shall occur, this Agreement shall be a valid and binding
agreement of the Company and the Purchasers (and any subsequent of holder
Registrable Shares which are not Founders' Shares or Investors' Shares), and
until the Effective Date shall occur, this Agreement shall be deemed to exclude
all rights and obligations of the holders of Founders' Shares and Investors'
Shares. As of the Effective Date, with respect to Frontenac VI Limited
Partnership and JMI Equity Fund L.P. (the "Funds"), that certain Letter
Agreement, dated as of February 8, 2000, by and among the Company, the Funds and
the Purchasers shall terminate.

     (n) Future Registration Rights.  Except for the registration rights granted
         --------------------------
hereunder, the Company will not grant registration rights as to any equity
securities of the Company, or any securities convertible or exchangeable into or
exercisable for such securities, without the written

                                     -32-
<PAGE>

consent of the holders of at least (A) a majority in number of Purchasers'
Shares and (B) 70% of the Investors' Shares unless (i) any such registration
rights that may be initiated at the demand of the holders of such rights (each
such holder a "New Investor") shall include in such demand Registrable Shares
requested to be included by holders of Purchasers' Shares and Investors' Shares
pro rata in accordance with the number of shares requested to be included
therein by each of the holders of Purchasers' Shares and Investors' Shares and
each of the New Investors, so long as the holders of a majority of the
Purchasers' Shares and 70% of the Investors' Shares agree to include on a pro
rata basis any shares requested to be included by such New Investor in any
Demand Registration of Registrable Shares initiated by either holders of
Purchasers' Shares or Investors' Shares under Section 2(a) herein (other than a
Demand Registration as to which the holders of Purchasers' Shares or Investors'
Shares, as the case may be, have made the election contemplated by clause (x) or
clause (y) of the second proviso to the first sentence of Section 2(e) not to
have any Investors' Shares or Purchasers' Shares, respectively, included therein
on a pro-rata basis), (ii) in the case of any such registration rights relating
to the registration of Common Stock for the account of the Company, the holders
of Registrable Shares hereunder shall have priority over the holders of any such
registration rights and (iii) any such registration rights granted shall not be
any more favorable to the holders of such registration rights as compared to, or
otherwise be inconsistent with, the rights granted to the holders of Purchasers'
Shares and Investors' Shares hereunder.

                                     -33-
<PAGE>

Agreed to and accepted as of the date first above written.

                              OPTIKA INC.

                              By:________________________________
                                 Name:
                                 Title:

          [Company's Signature Page - Registration Rights Agreement]

                                      -1-
<PAGE>

PURCHASERS
----------

                    THOMAS WEISEL CAPITAL PARTNERS, L.P.

                    By: Thomas Weisel Capital Partners LLC, its general partner
                    By: Thomas Weisel Partners Group LLC, its managing member

                    By: __________________________________________
                        Name:
                        Title:

                    TWP CEO FOUNDERS' CIRCLE (AI), L.P.

                    By: Thomas Weisel Capital Partners LLC, its general partner
                    By: Thomas Weisel Partners Group LLC, its managing member

                    By: __________________________________________
                        Name:
                        Title:

                    TWP CEO FOUNDERS' CIRCLE (QP), L.P.

                    By: Thomas Weisel Capital Partners LLC, its general partner
                    By: Thomas Weisel Partners Group LLC, its managing member

                    By: __________________________________________
                        Name:
                        Title:

                    THOMAS WEISEL CAPITAL PARTNERS EMPLOYEE FUND, L.P.

                    By: Thomas Weisel Capital Partners LLC, its general partner
                    By: Thomas Weisel Partners Group LLC, its managing member

                    By: __________________________________________
                        Name:
                        Title:

                    TWP 2000 CO-INVESTMENT FUND, L.P.

                    By: Thomas Weisel Capital Partners LLC, its general partner
                    By: Thomas Weisel Partners Group LLC, its managing member

                    By: __________________________________________
                        Name:
                        Title:

         [Purchasers' Signature Page - Registration Rights Agreement]

                                      -2-
<PAGE>

PURCHASERS
----------

                    RKB CAPITAL, L.P.

                    By:__________________________________
                       Name:  Peter Schleider
                       Title: General Partner

          [Purchasers Signature Page - Registration Rights Agreement]

                                      -3-
<PAGE>

INVESTORS
---------

                    Frontenac VI Limited Partnership

                    By:  Frontenac Company
                    Its: General Partner

                    By:  _______________________________
                         Name:
                         Title:

                    JMI Equity Fund, L.P.

                    By:  JMI Partners, L.P.
                    Its: General Partner

                    By:  _______________________________
                         Name:
                         Title:

                                      -4-
<PAGE>

FOUNDERS:
--------

                                      -5-
<PAGE>

                                  SCHEDULE A

                             SCHEDULE OF FOUNDERS

Paul Carter
Harvey Jeane
Malcolm Thomson
Steven Johnson
Mark Ruport
Linda E. Boguslav
Lisa M. Hardiman
Russell A. Johnson
James T. Schuster
David Holzman
Richard Holzman
Kevin Ilsen
Eric Brown
IPRS Asia (s) Pte Ltd
Intuit Development Limited
Gillespie Limited

                                      -1-
<PAGE>

                                  SCHEDULE B

                             SCHEDULE OF INVESTORS

Frontenac VI Limited Partnership
JMI Equity Fund, L.P.

                                      -1-<PAGE>

                                                                   EXHIBIT 10.22

                                AVENUE A, INC.

                     2000 STOCK INCENTIVE COMPENSATION PLAN

                              SECTION 1.  PURPOSE

     The purpose of the Avenue A, Inc. 2000 Stock Incentive Compensation Plan
(the "Plan") is to enhance the long-term shareholder value of Avenue A, Inc., a
Washington corporation (the "Company"), by offering opportunities to employees,
officers, consultants, agents, advisors and independent contractors of the
Company and its Subsidiaries (as defined in Section 2) to participate in the
Company's growth and success, and to encourage them to remain in the service of
the Company and its Subsidiaries and to acquire and maintain stock ownership in
the Company.

                            SECTION 2.  DEFINITIONS

     For purposes of the Plan, the following terms shall be defined as set forth
below:

2.1  Award

     "Award" means an award or grant made pursuant to the Plan, including,
without limitation, awards or grants of Stock Awards and Options, or any
combination of the foregoing.

2.2  Board

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

2.3  Cause

     "Cause" means dishonesty, fraud, misconduct, unauthorized use or disclosure
of confidential information or trade secrets, or conviction or confession of a
crime punishable by law (except minor violations), in each case as determined by
the Plan Administrator, and its determination shall be conclusive and binding.

2.4  Code

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

2.5  Common Stock

     "Common Stock" means the common stock, par value $.01 per share, of the
Company.

2.6  Corporate Transaction

     "Corporate Transaction" means any of the following events:
<PAGE>

          (a)  Consummation of any merger or consolidation of the Company in
which the Company is not the continuing or surviving corporation, or pursuant to
which shares of the Common Stock are converted into cash, securities or other
property, if following such merger or consolidation the holders of the Company's
outstanding voting securities immediately prior to such merger or consolidation
own less than 51% of the outstanding voting securities of the surviving
corporation;

          (b)  Consummation of any sale, lease, exchange or other transfer in
one transaction or a series of related transactions of all or substantially all
of the Company's assets other than a transfer of the Company's assets to a
majority-owned subsidiary corporation (as the term "subsidiary corporation" is
defined for purposes of Section 422 of the Code) of the Company; or

          (c)  Approval by the holders of the Common Stock of any plan or
proposal for the liquidation or dissolution of the Company.

2.7  Disability

     "Disability" means "disability" as that term is defined for purposes of
Section 22(e)(3) of the Code.

2.8  Exchange Act

     "Exchange Act" means the Securities Exchange Act of 1934, as amended.

2.9  Fair Market Value

     The "Fair Market Value" shall be as established in good faith by the Plan
Administrator or (a) if the Common Stock is listed on the Nasdaq National
Market, the closing selling price for the Common Stock as reported by the Nasdaq
National Market for a single trading day or (b) if the Common Stock is listed on
the New York Stock Exchange or the American Stock Exchange, the closing selling
price for the Common Stock as such price is officially quoted in the composite
tape of transactions on such exchange for a single trading day.  If there is no
such reported price for the Common Stock for the date in question, then such
price on the last preceding date for which such price exists shall be
determinative of the Fair Market Value.

2.10  Good Reason

     "Good Reason" means the occurrence of any of the following events or
conditions and the failure of the Successor Corporation to cure such event or
condition within 30 days after receipt of written notice from the Participant:

          (a)  a change in the Participant's status, title, position or
responsibilities (including reporting responsibilities) that, in the
Participant's reasonable judgment, represents a substantial reduction in the
status, title, position or responsibilities as in effect immediately prior
thereto; the assignment to the Participant of any duties or responsibilities
that, in the Participant's reasonable judgment, are materially inconsistent with
such status, title, position or
<PAGE>

responsibilities; or any removal of the Participant from or failure to reappoint
or reelect the Participant to any of such positions, except in connection with
the termination of the Participant's employment for Cause, for Disability or as
a result of his or her death, or by the Participant other than for Good Reason;

          (b)  a reduction in the Participant's annual base salary;

          (c)  the Successor Corporation's requiring the Participant (without
the Participant's consent) to be based at any place outside a 35-mile radius of
his or her place of employment prior to a Corporate Transaction, except for
reasonably required travel on the Successor Corporation's business that is not
materially greater than such travel requirements prior to the Corporate
Transaction;

          (d)  the Successor Corporation's failure to (i) continue in effect any
material compensation or benefit plan (or the substantial equivalent thereof) in
which the Participant was participating at the time of a Corporate Transaction,
including, but not limited to, the Plan, or (ii) provide the Participant with
compensation and benefits substantially equivalent (in terms of benefit levels
and/or reward opportunities) to those provided for under each material employee
benefit plan, program and practice as in effect immediately prior to the
Corporate Transaction;

          (e)  any material breach by the Successor Corporation of its
obligations to the Participant under the Plan or any substantially equivalent
plan of the Successor Corporation; or

          (f)  any purported termination of the Participant's employment or
services for Cause by the Successor Corporation that does not comply with the
terms of the Plan or any substantially equivalent plan of the Successor
Corporation.

2.11  Grant Date

     "Grant Date" means the date the Plan Administrator adopted the granting
resolution or a later date designated in a resolution of the Plan Administrator
as the date an Award is to be granted.

2.12  Nonqualified Stock Option

     "Nonqualified Stock Option" means an Option to purchase Common Stock
granted under Section 7 that is not intended to qualify as an incentive stock
option under Section 422 of the Code.

2.13  Option

     "Option" means the right to purchase Common Stock granted under Section 7.

2.14  Participant

     "Participant" means (a) the person to whom an Award is granted; (b) for a
Participant who has died, the personal representative of the Participant's
estate, the person(s) to whom the
<PAGE>

Participant's rights under the Award have passed by will or by the applicable
laws of descent and distribution, or the beneficiary designated in accordance
with Section 9; or (c) person(s) to whom an Award has been transferred in
accordance with Section 9.

2.15  Plan Administrator

     "Plan Administrator" means the Board and/or any committee of the Board
designated to administer the Plan under Section 3.1.

2.16  Securities Act

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

2.17  Stock Award

     "Stock Award" means shares of Common Stock or units denominated in Common
Stock granted under Section 8, the rights of ownership of which may be subject
to restrictions prescribed by the Plan Administrator.

2.18  Subsidiary

     "Subsidiary" means any entity that is directly or indirectly controlled by
the Company or in which the Company has a significant ownership interest, as
determined by the Plan Administrator, and any entity that may become a direct or
indirect parent of the Company.

2.19  Successor Corporation

     "Successor Corporation" has the meaning set forth under Section 10.2.

                           SECTION 3.  ADMINISTRATION

3.1  Plan Administrator

     The Plan shall be administered by the Board and/or a committee or
committees (which term includes subcommittees) appointed by, and consisting of
two or more members of, the Board.  If and so long as the Common Stock is
registered under Section 12(b) or 12(g) of the Exchange Act, the Board shall
consider in selecting the Plan Administrator and the membership of any committee
acting as Plan Administrator, with respect to any persons subject or likely to
become subject to Section 16 of the Exchange Act, the provisions regarding (a)
"outside directors" as contemplated by Section 162(m) of the Code and (b)
"nonemployee directors" as contemplated by Rule 16b-3 under the Exchange Act.
The Board may delegate the responsibility for administering the Plan with
respect to designated classes of eligible persons to different committees
consisting of two or more members of the Board, subject to such limitations as
the Board deems appropriate.  Committee members shall serve for such term as the
Board may determine, subject to removal by the Board at any time.
<PAGE>

3.2  Administration and Interpretation by the Plan Administrator

     Except for the terms and conditions explicitly set forth in the Plan, the
Plan Administrator shall have exclusive authority, in its discretion, to
determine all matters relating to Awards under the Plan, including the selection
of individuals to be granted Awards, the type of Awards, the number of shares of
Common Stock subject to an Award, all terms, conditions, restrictions and
limitations, if any, of an Award and the terms of any instrument that evidences
the Award.  The Plan Administrator shall also have exclusive authority to
interpret the Plan and may from time to time adopt, and change, rules and
regulations of general application for the Plan's administration.  The Plan
Administrator's interpretation of the Plan and its rules and regulations, and
all actions taken and determinations made by the Plan Administrator pursuant to
the Plan, shall be conclusive and binding on all parties involved or affected.
The Plan Administrator may delegate administrative duties to such of the
Company's officers as it so determines.

                     SECTION 4.  STOCK SUBJECT TO THE PLAN

4.1  Authorized Number of Shares

     Subject to adjustment from time to time as provided in Section 10.1, a
maximum of 1,261,566 shares of Common Stock shall be available for issuance
under the Plan.  Shares issued under the Plan shall be drawn from authorized and
unissued shares or shares now held or subsequently acquired by the Company.

4.2  Reuse of Shares

     Any shares of Common Stock that have been made subject to an Award that
cease to be subject to the Award (other than by reason of exercise or payment of
the Award to the extent it is exercised for or settled in shares) shall again be
available for issuance in connection with future grants of Awards under the
Plan.

                            SECTION 5.  ELIGIBILITY

     Awards may be granted under the Plan to those officers and employees of the
Company and its Subsidiaries as the Plan Administrator from time to time
selects.  Awards may also be made to consultants, agents, advisors and
independent contractors who provide services to the Company and its
Subsidiaries.

                               SECTION 6.  AWARDS

6.1  Form and Grant of Awards

     The Plan Administrator shall have the authority, in its sole discretion, to
determine the type or types of Awards to be made under the Plan.  Such Awards
may include Nonqualified Stock Options and Stock Awards.  Awards may be granted
singly or in combination.
<PAGE>

6.2  Settlement of Awards

     The Company may settle Awards through the delivery of shares of Common
Stock, cash payments, the granting of replacement Awards or any combination
thereof as the Plan Administrator shall determine.  Any Award settlement,
including payment deferrals, may be subject to such conditions, restrictions and
contingencies as the Plan Administrator shall determine.  The Plan Administrator
may permit or require the deferral of any Award payment, subject to such rules
and procedures as it may establish, which may include provisions for the payment
or crediting of interest, or dividend equivalents, including converting such
credits into deferred stock equivalents.  The Plan Administrator may at any time
offer to buy out, for a payment in cash or Common Stock, an Award previously
granted based on such terms and conditions as the Plan Administrator shall
establish and communicate to the Participant at the time such offer is made.

6.3  Acquired Company Awards

     Notwithstanding anything in the Plan to the contrary, the Plan
Administrator may grant Awards under the Plan in substitution for awards issued
under other plans, or assume under the Plan awards issued under other plans, if
the other plans are or were plans of other acquired entities ("Acquired
Entities") (or the parent of the Acquired Entity) and the new Award is
substituted, or the old award is assumed, by reason of a merger, consolidation,
acquisition of property or of stock, reorganization or liquidation (the
"Acquisition Transaction").  In the event that a written agreement pursuant to
which the Acquisition Transaction is completed is approved by the Board and said
agreement sets forth the terms and conditions of the substitution for or
assumption of outstanding awards of the Acquired Entity, said terms and
conditions shall be deemed to be the action of the Plan Administrator without
any further action by the Plan Administrator, except as may be required for
compliance with Rule 16b-3 under the Exchange Act, and the persons holding such
awards shall be deemed to be Participants.

                  SECTION 7.  TERMS AND CONDITIONS OF OPTIONS

7.1  Grant of Options

     The Plan Administrator is authorized under the Plan, in its sole
discretion, to issue Options solely as Nonqualified Stock Options.

7.2  Option Exercise Price

     The exercise price for shares purchased under an Option shall be as
determined by the Plan Administrator.

7.3  Term of Options

     The term of each Option shall be as established by the Plan Administrator
or, if not so established, shall be 10 years from the Grant Date.
<PAGE>

7.4  Exercise of Options

     The Plan Administrator shall establish and set forth in each instrument
that evidences an Option the time at which or the installments in which the
Option shall vest and become exercisable, which provisions may be waived or
modified by the Plan Administrator at any time.  If not so established in the
instrument evidencing the Option, the Option shall vest and become exercisable
according to the following schedule, which may be waived or modified by the Plan
Administrator at any time:

<TABLE>
<CAPTION>
Period of Participant's Continuous Employment or
  Service With the Company or Its Subsidiaries           Percent of Total Option
               From the Grant Date                   That Is Vested and Exercisable
-------------------------------------------------    ------------------------------
<S>                                                    <C>
                  After 1 year                                   20%
             Each quarter thereafter                       an additional 6.66%
                  After 4 years                                 100%
</TABLE>
     To the extent that the right to purchase shares has accrued thereunder, an
Option may be exercised from time to time by written notice to the Company, in
accordance with procedures established by the Plan Administrator, setting forth
the number of shares with respect to which the Option is being exercised and
accompanied by payment in full as described in Section 7.5.  The Plan
Administrator may determine at any time that an Option may not be exercised as
to less than 100 shares at any one time (or the lesser number of remaining
shares covered by the Option).

7.5  Payment of Exercise Price

     The exercise price for shares purchased under an Option shall be paid in
full to the Company by delivery of consideration equal to the product of the
Option exercise price and the number of shares purchased.  Such consideration
must be paid in cash or by check or, unless the Plan Administrator in its sole
discretion determines otherwise, either at the time the Option is granted or at
any time before it is exercised, a combination of cash and/or check (if any) and
one or both of the following alternative forms:  (a) tendering (either actually
or, if and so long as the Common Stock is registered under Section 12(b) or
12(g) of the Exchange Act, by attestation) Common Stock already owned by the
Participant for at least six months (or any shorter period necessary to avoid a
charge to the Company's earnings for financial reporting purposes) having a Fair
Market Value on the day prior to the exercise date equal to the aggregate Option
exercise price or (b) if and so long as the Common Stock is registered under
Section 12(b) or 12(g) of the Exchange Act, delivery of a properly executed
exercise notice, together with irrevocable instructions, to (i) a brokerage firm
designated by the Company to deliver promptly to the Company the aggregate
amount of sale or loan proceeds to pay the Option exercise price and any
withholding tax obligations that may arise in connection with the exercise and
(ii) the Company to deliver the certificates for such purchased shares directly
to such brokerage firm, all in accordance with the regulations of the Federal
Reserve Board.  In addition, the exercise price for
<PAGE>

shares purchased under an Option may be paid, either singly or in combination
with one or more of the alternative forms of payment authorized by this Section
7.5, by such other consideration as the Plan Administrator may permit.

7.6  Post-Termination Exercises

     The Plan Administrator shall establish and set forth in each instrument
that evidences an Option whether the Option shall continue to be exercisable,
and the terms and conditions of such exercise, if a Participant ceases to be
employed by, or to provide services to, the Company or its Subsidiaries, which
provisions may be waived or modified by the Plan Administrator at any time.  If
not so established in the instrument evidencing the Option, the Option shall be
exercisable according to the following terms and conditions, which may be waived
or modified by the Plan Administrator at any time.

     In case of termination of the Participant's employment or services with the
Company other than by reason of death or Cause, the Option shall be exercisable,
to the extent of the number of shares purchasable by the Participant at the date
of such termination, only (a) within one year after the date of such termination
if the termination is coincident with Disability or (b) within three months
after the date of such termination if the termination is for any reason other
than Disability, but in no event later than the remaining term of the Option.
Any Option exercisable at the time of the Participant's death may be exercised,
to the extent of the number of shares purchasable by the Participant at the date
of the Participant's death, by the personal representative of the Participant's
estate, the person(s) to whom the Participant's rights under the Option have
passed by will or the applicable laws of descent and distribution or the
beneficiary designated pursuant to Section 9 at any time or from time to time
within one year after the date of death, but in no event later than the
remaining term of the Option.  Any portion of an Option that is not exercisable
on the date of termination of the Participant's employment or services shall
terminate on such date, unless the Plan Administrator determines otherwise.  In
case of termination of the Participant's employment or services for Cause, the
Option shall automatically terminate upon first notification to the Participant
of such termination, unless the Plan Administrator determines otherwise.  If a
Participant's employment or services with the Company are suspended pending an
investigation of whether the Participant shall be terminated for Cause, all the
Participant's rights under any Option likewise shall be suspended during the
period of investigation.

     A transfer of employment or services between or among the Company and its
Subsidiaries shall not be considered a termination of employment or services.
The effect of a Company-approved leave of absence on the terms and conditions of
an Option shall be determined by the Plan Administrator, in its sole discretion.

7.7  Forfeiture Conditions

     In case of (a) termination of the Participant's employment for Cause, (b)
the Participant's breach of such restrictive covenants (e.g., noncompetition and
confidentiality restrictions) as may apply to the Participant, or (c) the
Participant's having engaged in an activity that is detrimental to the Company
(including, without limitation, criminal activity or accepting employment or
<PAGE>

serving as a consultant, advisor, or in any other capacity with a competitor of
the Company), the Plan Administrator may impose conditions of forfeiture on a
Participant's rights with respect to an Option.  Such conditions of forfeiture
may include, in the discretion of the Plan Administrator, (i) suspension or
cancellation of the Participant's right to exercise an Option (whether or not
then otherwise exercisable) or (ii) within the period of six months following
the issuance of shares of Common Stock pursuant to an Award either (y)
cancellation of the shares so issued (and repayment to the Participant of the
full purchase price, if any, paid for such shares) or (z) requiring the
Participant to pay to the Company in cash an amount equal to the gain realized
by the Participant upon exercise of such Option (measured at the date of
exercise) or the receipt of such Award.  Notwithstanding the foregoing, this
Section 7.7 shall be of no force and effect in the event of a Corporate
Transaction.

                            SECTION 8.  STOCK AWARDS

8.1  Grant of Stock Awards

     The Plan Administrator is authorized to make Awards of Common Stock or
Awards denominated in units of Common Stock on such terms and conditions and
subject to such restrictions, if any (which may be based on continuous service
with the Company or the achievement of performance goals) as the Plan
Administrator shall determine, in its sole discretion, which terms, conditions
and restrictions shall be set forth in the instrument evidencing the Award.  The
terms, conditions and restrictions that the Plan Administrator shall have the
power to determine shall include, without limitation, the manner in which shares
subject to Stock Awards are held during the periods they are subject to
restrictions and the circumstances under which forfeiture of the Stock Award
shall occur by reason of termination of the Participant's employment or service
relationship.

8.2  Issuance of Shares

     Upon the satisfaction of any terms, conditions and restrictions prescribed
in respect to a Stock Award, or upon the Participant's release from any terms,
conditions and restrictions of a Stock Award, as determined by the Plan
Administrator, the Company shall release, as soon as practicable, to the
Participant or, in the case of the Participant's death, to the personal
representative of the Participant's estate or as the appropriate court directs,
the appropriate number of shares of Common Stock.
<PAGE>

8.3  Waiver of Restrictions

     Notwithstanding any other provisions of the Plan, the Plan Administrator
may, in its sole discretion, waive the forfeiture period and any other terms,
conditions or restrictions on any Stock Award under such circumstances and
subject to such terms and conditions as the Plan Administrator shall deem
appropriate.

                           SECTION 9.  ASSIGNABILITY

     Awards granted under the Plan may not be assigned, pledged or transferred
by the Participant other than by will or by the applicable laws of descent and
distribution, and, during the Participant's lifetime, such Awards may be
exercised only by the Participant or a permitted assignee or transferee of the
Participant (as provided below).  Notwithstanding the foregoing, the Plan
Administrator, in its sole discretion, may permit such assignment, transfer and
exercisability and may permit a Participant to designate a beneficiary who may
exercise the Award or receive compensation under the Award after the
Participant's death; provided, however, that any Award so assigned or
transferred shall be subject to all the same terms and conditions contained in
the instrument evidencing the Award.

                            SECTION 10.  ADJUSTMENTS

10.1  Adjustment of Shares

      In the event that, at any time or from time to time, a stock dividend,
stock split, spin-off, combination or exchange of shares, recapitalization,
merger, consolidation, distribution to shareholders other than a normal cash
dividend, or other change in the Company's corporate or capital structure
results in (a) the outstanding shares, or any securities exchanged therefor or
received in their place, being exchanged for a different number or class of
securities of the Company or of any other corporation or (b) new, different or
additional securities of the Company or of any other corporation being received
by the holders of shares of Common Stock of the Company, then the Plan
Administrator shall make proportional adjustments in (i) the maximum number and
kind of securities subject to the Plan as set forth in Section 4.1 and (ii) the
number and kind of securities that are subject to any outstanding Award and the
per share price of such securities, without any change in the aggregate price to
be paid therefor.  The determination by the Plan Administrator as to the terms
of any of the foregoing adjustments shall be conclusive and binding.
Notwithstanding the foregoing, a Corporate Transaction shall not be governed by
this Section 10.1 but shall be governed by Section 10.2.

10.2  Corporate Transaction

      (a)  Except as otherwise provided in the instrument that evidences the
Option, in the event of any Corporate Transaction, each Option that is at the
time outstanding shall automatically accelerate so that each such Option shall,
immediately prior to the specified effective date for the Corporate Transaction,
become 100% vested and exercisable.
<PAGE>

      (b)  Such Option shall not so accelerate, however, if and to the extent
that such Option is, in connection with the Corporate Transaction, either to be
assumed by the successor corporation or parent thereof (the "Successor
Corporation") or to be replaced with a comparable award for the purchase of
shares of the capital stock of the Successor Corporation. The determination of
Option comparability shall be made by the Plan Administrator, and its
determination shall be conclusive and binding. Any such Options granted to an
"executive officer" (as that term is defined for purposes of Section 16 of the
Exchange Act) of the Company that are assumed or replaced in the Corporate
Transaction and do not otherwise accelerate at that time shall be accelerated in
the event that the Participant's employment or services subsequently terminate
within two years following such Corporate Transaction, unless such employment or
services are terminated by the Successor Corporation for Cause or by the
Participant voluntarily without Good Reason. Such acceleration shall not occur
if, in the opinion of the Company's outside accountants, it would render
unavailable "pooling of interest" accounting for a Corporate Transaction that
would otherwise qualify for such accounting treatment.

      (c)  All such Options shall terminate and cease to remain outstanding
immediately following the consummation of the Corporate Transaction, except to
the extent assumed by the Successor Corporation.

10.3  Further Adjustment of Options

      Subject to Section 10.2, the Plan Administrator shall have the discretion,
exercisable at any time before a sale, merger, consolidation, reorganization,
liquidation or change in control of the Company, as defined by the Plan
Administrator, to take such further action as it determines to be necessary or
advisable, and fair and equitable to Participants, with respect to Awards.  Such
authorized action may include (but shall not be limited to) establishing,
amending or waiving the type, terms, conditions or duration of, or restrictions
on, Options so as to provide for earlier, later, extended or additional time for
exercise and other modifications, and the Plan Administrator may take such
actions with respect to all Participants, to certain categories of Participants
or only to individual Participants.  The Plan Administrator may take such action
before or after granting Awards to which the action relates and before or after
any public announcement with respect to such sale, merger, consolidation,
reorganization, liquidation or change in control that is the reason for such
action.

10.4  Limitations

      The grant of Awards shall in no way affect the Company's right to adjust,
reclassify, reorganize or otherwise change its capital or business structure or
to merge, consolidate, dissolve, liquidate or sell or transfer all or any part
of its business or assets.

                            SECTION 11.  WITHHOLDING

      The Company may require the Participant to pay to the Company the amount
of any withholding taxes that the Company is required to withhold with respect
to the grant, vesting or exercise of any Award. Subject to the Plan and
applicable law, the Plan Administrator may, in its sole discretion, permit the
Participant to satisfy withholding obligations, in whole or in part,
<PAGE>

by paying cash, by electing to have the Company withhold shares of Common Stock
or by transferring shares of Common Stock to the Company, in such amounts as are
equivalent to the Fair Market Value of the withholding obligation. The Company
shall have the right to withhold from any Award or any shares of Common Stock
issuable pursuant to an Award or from any cash amounts otherwise due or to
become due from the Company to the Participant an amount equal to such taxes.
The Company may also deduct from any Award any other amounts due from the
Participant to the Company or a Subsidiary.

               SECTION 12.  REPURCHASE AND FIRST REFUSAL RIGHTS

                            12.1  REPURCHASE RIGHTS

     The Plan Administrator shall have the discretion to authorize the issuance
of unvested shares of Common Stock pursuant to the exercise of an Option. Should
the Participant cease to be employed by or provide services to the Company, then
all shares of Common Stock issued upon exercise of an Option which are unvested
at the time of cessation of employment or services shall be subject to
repurchase at the exercise price paid for such shares. The terms and conditions
upon which such repurchase right shall be exercisable (including the period and
procedure for exercise) shall be established by the Plan Administrator and set
forth in the agreement evidencing such right.

     All of the Company's outstanding repurchase rights under this Section 12.1
are assignable by the Company at any time. Such rights shall automatically
terminate, and all shares subject to such terminated rights shall immediately
vest in full, upon the occurrence of a Corporate Transaction, except to the
extent: (a) any such repurchase right is expressly assigned to the Successor
Corporation in connection with the Corporate Transaction or (b) such termination
is precluded by other limitations imposed by the Plan Administrator at the time
the repurchase right is issued.

     The Plan Administrator shall have the discretionary authority, exercisable
either before or after the Participant's cessation of employment or services, to
cancel the Company's outstanding repurchase rights with respect to one or more
shares purchased or purchasable by the Participant under an Option and thereby
accelerate the vesting of such shares in whole or in part at any time.

                          12.2  FIRST REFUSAL RIGHTS

     Until the date on which the initial registration of the Common Stock under
Section 12(b) or 12(g) of the Exchange Act first becomes effective, the Company
shall have the right of first refusal with respect to any proposed sale or other
disposition by the holder of any shares of Common Stock issued pursuant to an
Award granted under the Plan. Such rights of first refusal shall be exercisable
in accordance with the terms and conditions established by the Plan
Administrator and set forth in the agreement evidencing such right.

                          SECTION 13.  MARKET STANDOFF

      In connection with any underwritten public offering by the Company of its
equity securities pursuant to an effective registration statement filed under
the Securities Act, including the Company's initial public offering, a person
shall not sell, or make any short sale of, loan, hypothecate, pledge, grant any
option for the purchase of, or otherwise dispose of transfer for value or
otherwise agree to engage in any of the foregoing transactions with respect to,
any shares issued pursuant to an Award granted under the Plan without the prior
written consent of the Company or its underwriters.  Such limitations shall be
in effect for such period of time as may be requested by the Company or such
underwriters and agreed to by the Company's officers and directors with respect
to their shares; provided, however, that in no event shall such period exceed
180 days.  The limitations of this paragraph shall in all events terminate two
years after the effective date of the Company's initial public offering.
Holders of shares issued pursuant to an Award granted under the Plan shall be
subject to the market standoff provisions of this paragraph only if the officers
and directors of the Company are also subject to similar arrangements.

      In the event of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
Company's outstanding Common Stock effected as a class without the Company's
receipt of consideration, then any new, substituted or additional securities
distributed with respect to the purchased shares shall be immediately subject to
the provisions of this Section 13, to the same extent the purchased shares are
at such time covered by such provisions.

      In order to enforce the limitations of this Section 13, the Company may
impose stop-transfer instructions with respect to the purchased shares until the
end of the applicable standoff period.
<PAGE>

                 SECTION 14.  AMENDMENT AND TERMINATION OF PLAN

14.1  Amendment of Plan

      The Plan may be amended only by the Board in such respects as it shall
deem advisable.

14.2  Termination of Plan

      The Board may suspend or terminate the Plan at any time.  The Plan shall
have no fixed expiration date.

14.3  Consent of Participant

      The amendment or termination of the Plan or the amendment of an
outstanding Award shall not, without the consent of the Participant, impair or
diminish any rights or obligations under any Award theretofore granted under the
Plan; provided, however, that adjustments made pursuant to Section 10 shall not
be subject to these restrictions.

                       SECTION 15.  FOREIGN PARTICIPATION

      To the extent the Plan Administrator deems it necessary, appropriate or
desirable to comply with foreign law or practice and to further the purpose of
this Plan, the Plan Administrator may, without amending this Plan, (a) establish
special rules applicable to Awards granted to Participants who are foreign
nationals, are employed outside the United States, or both, including rules that
differ from those set forth in this Plan, and (b) grant Awards to such
Participants in accordance with those rules.

                              SECTION 16.  GENERAL

16.1  Evidence of Awards

      Awards granted under the Plan shall be evidenced by a written instrument
that shall contain such terms, conditions, limitations and restrictions as the
Plan Administrator shall deem advisable and that are not inconsistent with the
Plan.

16.2  Continued Employment or Services; Rights in Awards

      None of the Plan, participation in the Plan or any action of the Plan
Administrator taken under the Plan shall be construed as giving any person any
right to be retained in the employ of the Company or limit the Company's right
to terminate the employment or services of any person.

16.3  Registration

      The Company shall be under no obligation to any Participant to register
for offering or resale or to qualify for exemption under the Securities Act, or
to register or qualify under state securities laws, any shares of Common Stock,
security or interest in a security paid or issued
<PAGE>

under, or created by, the Plan, or to continue in effect any such registrations
or qualifications if made. The Company may issue certificates for shares with
such legends and subject to such restrictions on transfer and stop-transfer
instructions as counsel for the Company deems necessary or desirable for
compliance by the Company with federal and state securities laws.

      Inability of the Company to obtain, from any regulatory body having
jurisdiction, the authority deemed by the Company's counsel to be necessary for
the lawful issuance and sale of any shares hereunder or the unavailability of an
exemption from registration for the issuance and sale of any shares hereunder
shall relieve the Company of any liability in respect of the nonissuance or sale
of such shares as to which such requisite authority shall not have been
obtained.

      As a condition to the exercise of an Option or the receipt of Common Stock
pursuant to an Award under the Plan, the Company may require the Participant to
represent and warrant at the time of any such exercise or receipt that such
shares are being purchased or received only for the Participant's own account
and without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any
relevant provision of the aforementioned laws.  At the option of the Company, a
stop-transfer order against any such shares may be placed on the official stock
books and records of the Company, and a legend indicating that such shares may
not be pledged, sold or otherwise transferred, unless an opinion of counsel is
provided (concurred in by counsel for the Company) stating that such transfer is
not in violation of any applicable law or regulation, may be stamped on stock
certificates to ensure exemption from registration.  The Plan Administrator may
also require such other action or agreement by the Participant as may from time
to time be necessary to comply with the federal and state securities laws.

16.4  No Rights as a Shareholder

      No Option or Stock Award denominated in units shall entitle the
Participant to any cash dividend, voting or other right of a shareholder unless
and until the date of issuance under the Plan of the shares that are the subject
of such Award, free of all applicable restrictions.

16.5  Compliance With Laws and Regulations

      Notwithstanding anything in the Plan to the contrary, the Board, in its
sole discretion, may bifurcate the Plan so as to restrict, limit or condition
the use of any provision of the Plan to Participants who are officers or
directors subject to Section 16 of the Exchange Act without so restricting,
limiting or conditioning the Plan with respect to other Participants.

16.6  No Trust or Fund

      The Plan is intended to constitute an "unfunded" plan.  Nothing contained
herein shall require the Company to segregate any monies or other property, or
shares of Common Stock, or to create any trusts, or to make any special deposits
for any immediate or deferred amounts payable to any Participant, and no
Participant shall have any rights that are greater than those of a general
unsecured creditor of the Company.
<PAGE>

16.7  Severability

      If any provision of the Plan or any Award is determined to be invalid,
illegal or unenforceable in any jurisdiction, or as to any person, or would
disqualify the Plan or any Award under any law deemed applicable by the Plan
Administrator, such provision shall be construed or deemed amended to conform to
applicable laws, or, if it cannot be so construed or deemed amended without, in
the Plan Administrator's determination, materially altering the intent of the
Plan or the Award, such provision shall be stricken as to such jurisdiction,
person or Award, and the remainder of the Plan and any such Award shall remain
in full force and effect.

                          SECTION 17.  EFFECTIVE DATE

      The Plan's effective date is the date on which it is adopted by the Board.

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