Document:

EXHIBIT 4.1

                           THE JACKSON RIVERS COMPANY
                 EMPLOYEE STOCK INCENTIVE PLAN FOR THE YEAR 2003

     1.  General Provisions.

     1.1 Purpose.  This Stock  Incentive  Plan (the "Plan") is intended to allow
designated  officers  and  employees  (all of whom  are  sometimes  collectively
referred to herein as the "Employees," or individually as the "Employee") of The
Jackson  Rivers  Company.,   a  Florida  corporation  (the  "Company")  and  its
Subsidiaries  (as that term is defined  below)  which they may have from time to
time (the Company and such Subsidiaries are referred to herein as the "Company")
to receive certain options (the "Stock Options") to purchase common stock of the
Company,  par value $0.001 per share (the "Common Stock"), and to receive grants
of the Common Stock subject to certain  restrictions (the "Awards").  As used in
this  Plan,  the  term  "Subsidiary"  shall  mean  each  corporation  which is a
"subsidiary  corporation" of the Company within the meaning of Section 424(f) of
the Internal Revenue Code of 1986, as amended (the "Code").  The purpose of this
Plan is to provide the Employees with equity-based  compensation  incentives who
make  significant and  extraordinary  contributions  to the long-term growth and
performance of the Company, and to attract and retain the Employees.

     1.2   Administration.

     1.2.1 The Plan shall be  administered  by the  Compensation  Committee (the
"Committee")  of, or  appointed  by, the Board of  Directors of the Company (the
"Board").  The  Committee  shall select one of its members as Chairman and shall
act by vote of a  majority  of a quorum,  or by  unanimous  written  consent.  A
majority  of its members  shall  constitute  a quorum.  The  Committee  shall be
governed by the provisions of the Company's Bylaws and of Florida law applicable
to the Board, except as otherwise provided herein or determined by the Board.

     1.2.2  The  Committee  shall  have  full  and  complete  authority,  in its
discretion,  but subject to the express  provisions  of this Plan (a) to approve
the Employees nominated by the management of the Company to be granted Awards or
Stock  Options;  (b) to  determine  the number of Awards or Stock  Options to be
granted to an Employee;  (c) to  determine  the time or times at which Awards or
Stock Options shall be granted; to establish the terms and conditions upon which
Awards  or  Stock  Options  may  be  exercised;  (d) to  remove  or  adjust  any
restrictions and conditions upon Awards or Stock Options; (e) to specify, at the
time of grant,  provisions  relating to  exercisability  of Stock Options and to
accelerate or otherwise modify the exercisability of any Stock Options;  and (f)
to adopt such rules and regulations and to make all other determinations  deemed
necessary or desirable for the administration of this Plan. All  interpretations
and  constructions  of  this  Plan  by the  Committee,  and  all of its  actions
hereunder, shall be binding and conclusive on all persons for all purposes.

     1.2.3  The  Company  hereby  agrees to  indemnify  and hold  harmless  each
Committee  member and each Employee,  and the estate and heirs of such Committee
member or  Employee,  against  all  claims,  liabilities,  expenses,  penalties,
damages or other pecuniary  losses,  including legal fees,  which such Committee
member  or  Employee,  his  estate  or  heirs  may  suffer  as a  result  of his
responsibilities,  obligations  or duties in  connection  with this Plan, to the
extent that  insurance,  if any,  does not cover the  payment of such items.  No
member  of the  Committee  or the  Board  shall  be  liable  for any  action  or
determination made in good faith with respect to this Plan or any Award or Stock
Option granted pursuant to this Plan.

     1.3 Eligibility and  Participation.  The Employees eligible under this Plan
shall be approved by the Committee  from those  Employees who, in the opinion of
the  management  of the  Company,  are in  positions  which  enable them to make
significant  contributions  to  the  long-term  performance  and  growth  of the
Company.  In  selecting  the  Employees  to whom Award or Stock  Options  may be
granted,  consideration  shall be given to factors such as employment  position,
duties and responsibilities,  ability, productivity,  length of service, morale,
interest in the Company and recommendations of supervisors.

     1.4 Shares Subject to this Plan. The maximum number of shares of the Common
Stock that may be issued  pursuant to this Plan shall be  17,000,000  subject to
adjustment  pursuant to the provisions of Paragraph 4.1. If shares of the Common
Stock  awarded or issued under this Plan are  reacquired by the Company due to a
forfeiture  or

                                       1
<PAGE>

for any other reason,  such shares shall be cancelled and thereafter shall again
be available for purposes of this Plan. If a Stock Option expires, terminates or
is cancelled for any reason without having been exercised in full, the shares of
the Common Stock not purchased  thereunder shall again be available for purposes
of this Plan.

     2.  Provisions Relating to Stock Options.

     2.1 Grants of Stock Options.  The Committee may grant Stock Options in such
amounts,  at such times, and to the Employees nominated by the management of the
Company as the  Committee,  in its  discretion,  may  determine.  Stock  Options
granted under this Plan shall  constitute  "incentive  stock options" within the
meaning of Section 422 of the Code,  if so  designated  by the  Committee on the
date of grant.  The  Committee  shall also have the  discretion  to grant  Stock
Options which do not  constitute  incentive  stock  options,  and any such Stock
Options shall be designated  non-statutory stock options by the Committee on the
date of grant.  The aggregate  Fair Market Value  (determined  as of the time an
incentive  stock  option is granted) of the Common  Stock with  respect to which
incentive  stock  options  are  exercisable  for the first time by any  Employee
during any one  calendar  year (under all plans of the Company and any parent or
subsidiary  of the Company) may not exceed the maximum  amount  permitted  under
Section 422 of the Code (currently,  $100,000.00).  Non-statutory  stock options
shall not be subject to the  limitations  relating to  incentive  stock  options
contained in the preceding  sentence.  Each Stock Option shall be evidenced by a
written agreement (the "Option  Agreement") in a form approved by the Committee,
which shall be executed on behalf of the Company and by the Employee to whom the
Stock Option is granted,  and which shall be subject to the terms and conditions
of this Plan.  In the  discretion  of the  Committee,  Stock Options may include
provisions  (which need not be  uniform),  authorized  by the  Committee  in its
discretion,  that  accelerate  an  Employee's  rights to exercise  Stock Options
following a "Change in Control," upon  termination of the Employee's  employment
by the Company  without  "Cause" or by the Employee  for "Good  Reason," as such
terms are defined in  Paragraph  3.1 hereof.  The holder of a Stock Option shall
not be entitled to the  privileges  of stock  ownership  as to any shares of the
Common Stock not actually issued to such holder.

     2.2 Purchase Price. The purchase price (the "Exercise  Price") of shares of
the Common Stock subject to each Stock Option (the "Option Shares") shall not be
less than 85 percent of the Fair Market Value of the Common Stock on the date of
exercise.  For an Employee  holding  greater than 10 percent of the total voting
power of all stock of the  Company,  either  Common or  Preferred,  the Exercise
Price of an  incentive  stock  option  shall be at least 110 percent of the Fair
Market Value of the Common Stock on the date of the grant of the option. As used
herein,  "Fair  Market  Value"  means the mean  between  the  highest and lowest
reported  sales  prices  of the  Common  Stock  on the New York  Stock  Exchange
Composite  Tape or,  if not  listed  on such  exchange,  on any  other  national
securities  exchange on which the Common  Stock is listed or on The Nasdaq Stock
Market,  or, if not so listed on any other national  securities  exchange or The
Nasdaq  Stock  Market,  then the  average of the bid price of the  Common  Stock
during  the  last  five  trading  days on the  OTC  Bulletin  Board  immediately
preceding  the last trading day prior to the date with respect to which the Fair
Market  Value is to be  determined.  If the  Common  Stock is not then  publicly
traded,  then the Fair Market  Value of the Common Stock shall be the book value
of the  Company  per  share  as  determined  on the  last  day of  March,  June,
September, or December in any year closest to the date when the determination is
to be made.  For the purpose of  determining  book value  hereunder,  book value
shall be  determined by adding as of the  applicable  date called for herein the
capital,  surplus,  and  undivided  profits  of the  Company,  and after  having
deducted any reserves theretofore  established;  the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and the quotient thus obtained  shall  represent the book value of each share of
the Common Stock of the Company.

     2.3 Option  Period.  The Stock Option period (the "Term") shall commence on
the date of grant of the  Stock  Option  and  shall be 10 years or such  shorter
period as is determined by the  Committee.  Each Stock Option shall provide that
it is exercisable  over its term in such periodic  installments as the Committee
in its sole  discretion  may  determine.  Such  provisions  need not be uniform.
Section 16(b) of the Securities  Exchange Act of 1934, as amended (the "Exchange
Act") exempts persons normally subject to the reporting  requirements of Section
16(a) of the Exchange Act (the  "Section 16  Reporting  Persons")  pursuant to a
qualified  employee stock option plan from the normal requirement of not selling
until at least six months and one day from the date the Stock Option is granted.

                                       2
<PAGE>

     2.4   Exercise of Options.

     2.4.1 Each Stock Option may be exercised in whole or in part (but not as to
fractional shares) by delivering it for surrender or endorsement to the Company,
attention of the Corporate  Secretary,  at the principal  office of the Company,
together with payment of the Exercise Price and an executed Notice and Agreement
of Exercise in the form prescribed by Paragraph  2.4.2.  Payment may be made (a)
in cash,  (b) by cashier's or certified  check,  (c) by surrender of  previously
owned  shares of the Common  Stock  valued  pursuant  to  Paragraph  2.2 (if the
Committee  authorizes  payment in stock in its  discretion),  (d) by withholding
from the Option  Shares which would  otherwise be issuable  upon the exercise of
the Stock Option that number of Option Shares equal to the exercise price of the
Stock  Option,  if  such  withholding  is  authorized  by the  Committee  in its
discretion,  or (e) in the discretion of the  Committee,  by the delivery to the
Company of the optionee's promissory note secured by the Option Shares,  bearing
interest at a rate  sufficient  to prevent  the  imputation  of  interest  under
Sections 483 or 1274 of the Code,  and having such other terms and conditions as
may be satisfactory to the Committee.

     2.4.2  Exercise of each Stock Option is  conditioned  upon the agreement of
the Employee to the terms and  conditions  of this Plan and of such Stock Option
as evidenced by the Employee's  execution and delivery of a Notice and Agreement
of Exercise in a form to be determined by the Committee in its discretion.  Such
Notice and  Agreement of Exercise  shall set forth the agreement of the Employee
that (a) no Option Shares will be sold or otherwise  distributed in violation of
the  Securities  Act of 1933,  as amended  (the  "Securities  Act") or any other
applicable  federal or state securities laws, (b) each Option Share  certificate
may be  imprinted  with  legends  reflecting  any  applicable  federal and state
securities law restrictions and conditions, (c) the Company may comply with said
securities  law  restrictions  and issue  "stop  transfer"  instructions  to its
Transfer Agent and Registrar without liability, (d) if the Employee is a Section
16 Reporting  Person,  the  Employee  will furnish to the Company a copy of each
Form 4 or Form 5 filed  by said  Employee  and  will  timely  file  all  reports
required  under federal  securities  laws,  and (e) the Employee will report all
sales of Option  Shares to the  Company in writing on a form  prescribed  by the
Company.

     2.4.3 No Stock Option shall be exercisable  unless and until any applicable
registration or qualification requirements of federal and state securities laws,
and all other legal  requirements,  have been fully  complied  with. The Company
will use  reasonable  efforts to maintain the  effectiveness  of a  Registration
Statement  under the Securities Act for the issuance of Stock Options and shares
acquired thereunder,  but there may be times when no such Registration Statement
will be currently  effective.  The exercise of Stock Options may be  temporarily
suspended   without   liability  to  the  Company  during  times  when  no  such
Registration  Statement is  currently  effective,  or during times when,  in the
reasonable  opinion of the Committee,  such  suspension is necessary to preclude
violation of any  requirements  of applicable  law or  regulatory  bodies having
jurisdiction  over the Company.  If any Stock Option would expire for any reason
except the end of its term  during such a  suspension,  then if exercise of such
Stock Option is duly tendered before its expiration,  such Stock Option shall be
exercisable and exercised (unless the attempted exercise is withdrawn) as of the
first day after the end of such suspension. The Company shall have no obligation
to file any Registration Statement covering resales of Option Shares.

     2.5 Continuous  Employment.  Except as provided in Paragraph 2.7 below,  an
Employee may not  exercise a Stock  Option  unless from the date of grant to the
date of exercise the Employee remains continuously in the employ of the Company.
For purposes of this  Paragraph  2.5, the period of continuous  employment of an
Employee with the Company shall be deemed to include (without extending the term
of the Stock Option) any period during which the Employee is on leave of absence
with the consent of the Company,  provided  that such leave of absence shall not
exceed three  months and that the Employee  returns to the employ of the Company
at the  expiration of such leave of absence.  If the Employee fails to return to
the  employ of the  Company at the  expiration  of such  leave of  absence,  the
Employee's employment with the Company shall be deemed terminated as of the date
such leave of absence commenced.  The continuous  employment of an Employee with
the Company shall also be deemed to include any period during which the Employee
is a member of the Armed Forces of the United States, provided that the Employee
returns to the employ of the Company  within 90 days (or such  longer  period as
may be prescribed by law) from the date the Employee first becomes entitled to a
discharge from military service. If an Employee does not return to the employ of
the Company  within 90 days (or such longer  period as may be prescribed by law)
from the date the Employee  first becomes  entitled to a discharge from military
service,  the  Employee's  employment  with the Company  shall be deemed to have
terminated as of the date the Employee's military service ended.

                                       3
<PAGE>

     2.6  Restrictions  on Transfer.  Each Stock Option  granted under this Plan
shall be transferable only by will or the laws of descent and  distribution.  No
interest  of any  Employee  under  this Plan  shall be  subject  to  attachment,
execution, garnishment, sequestration, the laws of bankruptcy or any other legal
or  equitable  process.  Each  Stock  Option  granted  under  this Plan shall be
exercisable  during  an  Employee's  lifetime  only  by the  Employee  or by the
Employee's legal representative.

     2.7   Termination of Employment.

     2.7.1 Upon an Employee's  Retirement,  Disability (both terms being defined
below) or death, (a) all Stock Options to the extent then presently  exercisable
shall  remain in full  force and  effect and may be  exercised  pursuant  to the
provisions thereof,  including  expiration at the end of the fixed term thereof,
and (b) unless  otherwise  provided by the  Committee,  all Stock Options to the
extent not then presently  exercisable by the Employee shall terminate as of the
date of such termination of employment and shall not be exercisable thereafter.

     2.7.2  Upon the  termination  of the  employment  of an  Employee  with the
Company  for any reason  other than the  reasons  set forth in  Paragraph  2.7.1
hereof,  (a) all Stock Options to the extent then  presently  exercisable by the
Employee shall remain exercisable only for a period of 90 days after the date of
such termination of employment  (except that the 90 day period shall be extended
to 12 months if the Employee  shall die during such 90 day  period),  and may be
exercised pursuant to the provisions thereof, including expiration at the end of
the fixed term thereof, and (b) unless otherwise provided by the Committee,  all
Stock Options to the extent not then presently exercisable by the Employee shall
terminate  as of the date of such  termination  of  employment  and shall not be
exercisable thereafter.

     2.7.3  For purposes of this Plan:

                  (a) "Retirement" shall mean an Employee's  retirement from the
employ of the Company on or after the date on which the Employee attains the age
of 65 years; and

                  (b) "Disability" shall mean total and permanent  incapacity of
an  Employee,   due  to  physical   impairment  or  legally  established  mental
incompetence,  to perform the usual duties of the Employee's employment with the
Company,  which  disability  shall be  determined  (i) on medical  evidence by a
licensed  physician  designated by the  Committee,  or (ii) on evidence that the
Employee has become entitled to receive primary benefits as a disabled  employee
under the Social Security Act in effect on the date of such disability.

     3.  Provisions Relating to Awards.

     3.1 Grant of Awards.  Subject to the provisions of this Plan, the Committee
shall have full and complete  authority,  in its discretion,  but subject to the
express  provisions of this Plan, to (1) grant Awards pursuant to this Plan, (2)
determine  the number of shares of the Common  Stock  subject to each Award (the
"Award  Shares"),  (3)  determine  the terms and  conditions  (which need not be
identical) of each Award, including the consideration (if any) to be paid by the
Employee for such the Common Stock,  which may, in the  Committee's  discretion,
consist  of  the  delivery  of  the  Employee's   promissory  note  meeting  the
requirements of Paragraph 2.4.1, (4) establish and modify  performance  criteria
for Awards, and (5) make all of the  determinations  necessary or advisable with
respect to Awards under this Plan. Each Award under this Plan shall consist of a
grant of shares of the Common Stock subject to a restriction period (after which
the restrictions  shall lapse),  which shall be a period  commencing on the date
the Award is granted and ending on such date as the  Committee  shall  determine
(the  "Restriction  Period").  The  Committee  may  provide  for  the  lapse  of
restrictions in installments, for acceleration of the lapse of restrictions upon
the satisfaction of such performance or other criteria or upon the occurrence of
such events as the Committee shall  determine,  and for the early  expiration of
the  Restriction  Period upon an Employee's  death,  Disability or Retirement as
defined in Paragraph 2.7.3, or, following a Change of Control,  upon termination
of an Employee's  employment by the Company  without  "Cause" or by the Employee
for "Good Reason," as those terms are defined herein. For purposes of this Plan:

         "Change  of  Control"  shall be  deemed  to  occur  (a) on the date the
Company  first has  actual  knowledge  that any  person (as such term is used in
Sections 13(d) and 14(d)(2) of the Exchange Act) has become the beneficial

                                       4
<PAGE>

owner  (as  defined  in Rule  13(d)-3  under  the  Exchange  Act),  directly  or
indirectly,  of securities of the Company representing 40 percent or more of the
combined voting power of the Company's then  outstanding  securities,  or (b) on
the date the  stockholders  of the  Company  approve (i) a merger of the Company
with or into any other  corporation  in which the  Company is not the  surviving
corporation  or in  which  the  Company  survives  as a  subsidiary  of  another
corporation,  (ii) a consolidation of the Company with any other corporation, or
(iii)  the sale or  disposition  of all or  substantially  all of the  Company's
assets or a plan of complete liquidation.

         "Cause," when used with  reference to  termination of the employment of
an Employee by the Company for "Cause," shall mean:

                  (a) The Employee's  continuing  willful and material breach of
his duties to the Company after he receives a demand from the Chief Executive of
the  Company  specifying  the manner in which he has  willfully  and  materially
breached such duties,  other than any such failure  resulting from Disability of
the Employee or his resignation for "Good Reason," as defined herein; or

                  (b) The conviction of the Employee of a felony; or

                  (c) The  Employee's  commission  of fraud in the course of his
employment  with  the  Company,  such as  embezzlement  or  other  material  and
intentional violation of law against the Company; or

                  (d) The Employee's gross  misconduct  causing material harm to
the  Company.

         "Good  Reason" shall mean any one or more of the  following,  occurring
following or in connection  with a Change of Control and within 90 days prior to
the Employee's resignation,  unless the Employee shall have consented thereto in
writing:

                  (a) The assignment to the Employee of duties inconsistent with
his executive  status prior to the Change of Control or a substantive  change in
the officer or officers to whom he reports  from the officer or officers to whom
he reported immediately prior to the Change of Control; or

                  (b) The  elimination  or  reassignment  of a  majority  of the
duties and responsibilities that were assigned to the Employee immediately prior
to the Change of Control; or

                  (c) A reduction by the Company in the  Employee's  annual base
salary as in effect immediately prior to the Change of Control; or

                  (d) The Company  requiring  the Employee to be based  anywhere
outside a 35-mile radius from his place of employment  immediately  prior to the
Change of Control,  except for required  travel on the Company's  business to an
extent substantially  consistent with the Employee's business travel obligations
immediately prior to the Change of Control; or

                  (e) The  failure  of the  Company  to  grant  the  Employee  a
performance  bonus  reasonably  equivalent to the same  percentage of salary the
Employee  normally  received  prior to the Change of Control,  given  comparable
performance by the Company and the Employee; or

                  (f) The  failure  of the  Company  to  obtain  a  satisfactory
Assumption  Agreement  (as  defined  in  Paragraph  4.12  of this  Plan)  from a
successor,  or  the  failure  of  such  successor  to  perform  such  Assumption
Agreement.

      3.2  Incentive  Agreements.  Each Award  granted  under this Plan shall be
evidenced by a written  agreement (an "Incentive  Agreement") in a form approved
by the  Committee and executed by the Company and the Employee to whom the Award
is  granted.  Each  Incentive  Agreement  shall  be  subject  to the  terms  and
conditions of this Plan and other such terms and conditions as the Committee may
specify.

                                       5
<PAGE>

      3.3 Waiver of  Restrictions.  The  Committee may modify or amend any Award
under this Plan or waive any restrictions or conditions applicable to the Award;
provided,  however, that the Committee may not undertake any such modifications,
amendments or waivers if the effect thereof materially increases the benefits to
any  Employee,  or  adversely  affects  the rights of any  Employee  without his
consent.

      3.4 Terms and Conditions of Awards.  Upon receipt of an Award of shares of
the Common  Stock  under this Plan,  even  during  the  Restriction  Period,  an
Employee  shall be the  holder of record of the  shares  and shall  have all the
rights of a  stockholder  with respect to such shares,  subject to the terms and
conditions of this Plan and the Award.

      3.4.1 Except as otherwise provided in this Paragraph 3.4, no shares of the
Common  Stock  received  pursuant  to  this  Plan  shall  be  sold,   exchanged,
transferred,   pledged,   hypothecated  or  otherwise  disposed  of  during  the
Restriction Period applicable to such shares. Any purported  disposition of such
the Common Stock in violation of this Paragraph 3.4.2 shall be null and void.

      3.4.2 If an Employee's employment with the Company terminates prior to the
expiration of the Restriction Period for an Award,  subject to any provisions of
the Award with respect to the Employee's  death,  Disability or  Retirement,  or
Change of Control,  all shares of the Common Stock subject to the Award shall be
immediately  forfeited by the Employee and  reacquired  by the Company,  and the
Employee  shall  have no  further  rights  with  respect  to the  Award.  In the
discretion of the Committee,  an Incentive  Agreement may provide that, upon the
forfeiture  by an  Employee  of Award  Shares,  the  Company  shall repay to the
Employee the consideration (if any) which the Employee paid for the Award Shares
on the grant of the Award.  In the  discretion  of the  Committee,  an Incentive
Agreement may also provide that such repayment  shall include an interest factor
on such  consideration  from the date of the  grant of the  Award to the date of
such repayment.

      3.4.3 The  Committee  may require  under such terms and  conditions  as it
deems  appropriate or desirable that (a) the  certificates  for the Common Stock
delivered  under this Plan are to be held in custody by the  Company or a person
or institution  designated by the Company until the Restriction  Period expires,
(b) such  certificates  shall bear a legend referring to the restrictions on the
Common Stock pursuant to this Plan, and (c) the Employee shall have delivered to
the Company a stock power endorsed in blank relating to the Common Stock.

      4. Miscellaneous Provisions.

      4.1 Adjustments Upon Change in Capitalization.

      4.1.1 The number and class of shares  subject  to each  outstanding  Stock
Option, the Exercise Price thereof (but not the total price), the maximum number
of Stock  Options  that may be granted  under this Plan,  the minimum  number of
shares as to which a Stock  Option  may be  exercised  at any one time,  and the
number  and  class  of  shares  subject  to each  outstanding  Award,  shall  be
proportionately  adjusted in the event of any increase or decrease in the number
of the issued  shares of the  Common  Stock  which  results  from a split-up  or
consolidation  of shares,  payment of a stock dividend or dividends  exceeding a
total of five percent for which the record dates occur in any one fiscal year, a
recapitalization  (other than the conversion of convertible securities according
to their terms),  a combination of shares or other like capital  adjustment,  so
that (a) upon  exercise of the Stock  Option,  the  Employee  shall  receive the
number and class of shares the  Employee  would have  received  had the Employee
been the holder of the number of shares of the Common  Stock for which the Stock
Option is being  exercised  upon the date of such change or increase or decrease
in the  number  of  issued  shares  of the  Company,  and (b) upon the  lapse of
restrictions  of the Award  Shares,  the Employee  shall  receive the number and
class of shares the  Employee  would have  received if the  restrictions  on the
Award  Shares had lapsed on the date of such  change or  increase or decrease in
the number of issued shares of the Company.

      4.1.2 Upon a  reorganization,  merger or consolidation of the Company with
one or more  corporations  as a result of which the Company is not the surviving
corporation  or in which the Company  survives as a  wholly-owned  subsidiary of
another corporation,  or upon a sale of all or substantially all of the property
of the  Company to another  corporation,  or any  dividend  or  distribution  to
stockholders  of  more  than  10  percent  of  the  Company's  assets,  adequate
adjustment  or other  provisions  shall be made by the Company or other party to
such transaction so that there shall remain and/or be substituted for the Option
Shares and Award Shares  provided for herein,  the shares,

                                       6
<PAGE>

securities  or assets which would have been issuable or payable in respect of or
in exchange for such Option  Shares and Award Shares then  remaining,  as if the
Employee  had been the  owner of such  shares  as of the  applicable  date.  Any
securities so substituted shall be subject to similar successive adjustments.

      4.2  Withholding  Taxes.  The Company  shall have the right at the time of
exercise  of  any  Stock  Option,  the  grant  of an  Award,  or  the  lapse  of
restrictions on Award Shares, to make adequate provision for any federal, state,
local or foreign  taxes  which it  believes  are or may be required by law to be
withheld  with respect to such  exercise  (the "Tax  Liability"),  to ensure the
payment of any such Tax  Liability.  The  Company may provide for the payment of
any Tax Liability by any of the following  means or a combination of such means,
as  determined  by the  Committee  in its sole and  absolute  discretion  in the
particular  case (1) by  requiring  the Employee to tender a cash payment to the
Company,  (2) by withholding from the Employee's salary, (3) by withholding from
the Option  Shares which would  otherwise be issuable upon exercise of the Stock
Option,  or  from  the  Award  Shares  on  their  grant  or  date  of  lapse  of
restrictions,  that number of Option  Shares or Award Shares having an aggregate
Fair Market Value  (determined in the manner  prescribed by Paragraph 2.2) as of
the date the  withholding  tax obligation  arises in an amount which is equal to
the  Employee's  Tax Liability or (4) by any other method deemed  appropriate by
the  Committee.  Satisfaction  of the Tax  Liability  of a Section 16  Reporting
Person may be made by the method of payment  specified  in clause (3) above only
if the following two conditions are satisfied:

                  (a) The  withholding  of Option Shares or Award Shares and the
exercise  of the  related  Stock  Option  occur at least six  months and one day
following the date of grant of such Stock Option or Award; and

                  (b) The  withholding  of Option Shares or Award Shares is made
either (i) pursuant to an irrevocable election (the "Withholding Election") made
by the  Employee  at least six months in advance of the  withholding  of Options
Shares  or  Award  Shares,  or (ii) on a day  within a  10-day  "window  period"
beginning  on the  third  business  day  following  the date of  release  of the
Company's quarterly or annual summary statement of sales and earnings.

         Anything herein to the contrary notwithstanding, a Withholding Election
may be disapproved by the Committee at any time.

      4.3 Relationship to Other Employee Benefit Plans. Stock Options and Awards
granted hereunder shall not be deemed to be salary or other  compensation to any
Employee for purposes of any pension, thrift, profit-sharing,  stock purchase or
any other  employee  benefit plan now  maintained  or  hereafter  adopted by the
Company.

      4.4  Amendments  and  Termination.  The Board of Directors may at any time
suspend,  amend or  terminate  this Plan.  No  amendment,  except as provided in
Paragraph 2.8, or  modification  of this Plan may be adopted,  except subject to
stockholder approval,  which would (1) materially increase the benefits accruing
to the  Employees  under  this  Plan,  (2)  materially  increase  the  number of
securities which may be issued under this Plan (except for adjustments  pursuant
to Paragraph  4.1  hereof),  or (3)  materially  modify the  requirements  as to
eligibility for participation in this Plan.

      4.5 Successors in Interest. The provisions of this Plan and the actions of
the  Committee  shall be binding upon all heirs,  successors  and assigns of the
Company and of the Employees.

      4.6 Other  Documents.  All  documents  prepared,  executed or delivered in
connection with this Plan (including,  without limitation, Option Agreements and
Incentive  Agreements)  shall be, in  substance  and form,  as  established  and
modified by the Committee;  provided,  however, that all such documents shall be
subject in every respect to the provisions of this Plan, and in the event of any
conflict between the terms of any such document and this Plan, the provisions of
this Plan shall prevail.

      4.7 No Obligation to Continue  Employment.  This Plan and the grants which
might be made  hereunder  shall not  impose  any  obligation  on the  Company to
continue to employ any  Employee.  Moreover,  no  provision  of this Plan or any
document executed or delivered pursuant to this Plan shall be deemed modified in
any way by any employment  contract  between an Employee (or other employee) and
the Company.

                                       7
<PAGE>

      4.8 Misconduct of an Employee. Notwithstanding any other provision of this
Plan,  if an  Employee  commits  fraud  or  dishonesty  toward  the  Company  or
wrongfully  uses or  discloses  any  trade  secret,  confidential  data or other
information  proprietary to the Company, or intentionally takes any other action
materially  inimical to the best interests of the Company,  as determined by the
Committee,  in its sole and absolute discretion,  the Employee shall forfeit all
rights and benefits under this Plan.

      4.9 Term of Plan. This Plan was adopted by the Board effective  August 20,
2003. No Stock Options or Awards may be granted under this Plan after August 20,
2013.

      4.10 Governing  Law. This Plan shall be construed in accordance  with, and
governed by, the laws of the State of Florida.

      4.11  Approval.  No Stock Option shall be  exercisable,  or Award granted,
unless and until the  Directors of the Company have  approved  this Plan and all
other legal requirements have been met.

      4.12  Assumption  Agreements.  The Company will  require  each  successor,
(direct or indirect, whether by purchase,  merger,  consolidation or otherwise),
to all or substantially  all of the business or assets of the Company,  prior to
the  consummation of each such  transaction,  to assume and agree to perform the
terms and  provisions  remaining  to be  performed  by the  Company  under  each
Incentive  Agreement  and Stock  Option  and to  preserve  the  benefits  to the
Employees  thereunder.  Such  assumption  and agreement  shall be set forth in a
written  agreement  in form and  substance  satisfactory  to the  Committee  (an
"Assumption  Agreement"),  and shall  include such  adjustments,  if any, in the
application of the provisions of the Incentive  Agreements and Stock Options and
such additional provisions,  if any, as the Committee shall require and approve,
in order to  preserve  such  benefits to the  Employees.  Without  limiting  the
generality of the foregoing,  the Committee may require an Assumption  Agreement
to include satisfactory undertakings by a successor:

                  (a) To provide  liquidity  to the  Employees at the end of the
Restriction  Period  applicable  to the Common Stock  awarded to them under this
Plan, or on the exercise of Stock Options;

                  (b) If the  succession  occurs  before the  expiration  of any
period  specified in the Incentive  Agreements for  satisfaction  of performance
criteria  applicable  to the Common Stock  awarded  thereunder,  to refrain from
interfering with the Company's  ability to satisfy such performance  criteria or
to agree to modify such  performance  criteria  and/or waive any  criteria  that
cannot be satisfied as a result of the succession;

                  (c)  To  require  any  future   successor  to  enter  into  an
Assumption Agreement; and

                  (d) To take or refrain  from taking such other  actions as the
Committee may require and approve, in its discretion.

      The  Committee  referred  to in  this  Paragraph  4.12  is  the  Committee
appointed by a Board of Directors in office prior to the  succession  then under
consideration.

      4.13 Compliance with Rule 16b-3. Transactions under this Plan are intended
to comply with all applicable  conditions of Rule 16b-3.  To the extent that any
provision of this Plan or action by the Committee  fails to so comply,  it shall
be deemed null and void, to the extent  permitted by law and deemed advisable by
the Committee.

      4.14 Information to Shareholders. The Company shall furnish to each of its
stockholders financial statements of the Company at least annually.

                                       8
<PAGE>

IN WITNESS WHEREOF, this Plan has been executed effective as of August 20, 2003.

                                          THE JACKSON RIVERS COMPANY

                                          By  /s/ Dennis N. Lauzon
                                            ------------------------------------
                                              Dennis N. Lauzon, President

                                       9EXHIBIT 4.2

                           THE JACKSON RIVERS COMPANY
           NON-EMPLOYEE DIRECTORS AND CONSULTANTS RETAINER STOCK PLAN
                                FOR THE YEAR 2003

         1.  Introduction.  This Plan shall be known as the "The Jackson  Rivers
Company Non-Employee  Directors and Consultants Retainer Stock Plan for the Year
2003",  and is hereinafter  referred to as the "Plan." The purposes of this Plan
are to enable The Jackson Rivers Company, a Florida corporation (the "Company"),
to promote the interests of the Company and its  stockholders  by attracting and
retaining  non-employee  Directors and  Consultants  capable of  furthering  the
future  success of the Company and by aligning  their  economic  interests  more
closely with those of the Company's  stockholders,  by paying their  retainer or
fees in the form of shares of the Company's  common stock,  par value $0.001 per
share (the "Common Stock").

         2.  Definitions.  The following terms shall have the meanings set forth
below:

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

         "Change  of  Control"  has the  meaning  set forth in  Paragraph  12(d)
hereof.

         "Code" means the Internal  Revenue  Code of 1986,  as amended,  and the
rules and  regulations  thereunder.  References  to any provision of the Code or
rule or  regulation  thereunder  shall be  deemed  to  include  any  amended  or
successor provision, rule or regulation.

         "Committee"  means the committee  that  administers  this Plan, as more
fully defined in Paragraph 13 hereof.

         "Common Stock" has the meaning set forth in Paragraph 1 hereof.

         "Company" has the meaning set forth in Paragraph 1 hereof.

         "Deferral Election" has the meaning set forth in Paragraph 6 hereof.

         "Deferred Stock Account" means a bookkeeping  account maintained by the
Company for a Participant  representing the Participant's interest in the shares
credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

         "Delivery Date" has the meaning set forth in Paragraph 6 hereof.

         "Director"  means  an  individual  who  is a  member  of the  Board  of
Directors of the Company.

         "Dividend  Equivalent" for a given dividend or other distribution means
a number of shares of the Common  Stock  having a Fair Market  Value,  as of the
record date for such dividend or distribution, equal to the amount of cash, plus
the Fair  Market  Value on the date of  distribution  of any  property,  that is
distributed  with  respect to one share of the  Common  Stock  pursuant  to such
dividend  or  distribution;  such  Fair  Market  Value to be  determined  by the
Committee in good faith.

         "Effective Date" has the meaning set forth in Paragraph 3 hereof.

         "Exchange Act" has the meaning set forth in Paragraph 13(b) hereof.

         "Fair  Market  Value"  means the mean  between  the  highest and lowest
reported  sales  prices  of the  Common  Stock  on the New York  Stock  Exchange
Composite  Tape or,  if not  listed  on such  exchange,  on any  other  national
securities  exchange on which the Common  Stock is listed or on The Nasdaq Stock
Market,  or, if not so listed on any other national  securities  exchange or The
Nasdaq  Stock  Market,  then the  average of the bid price of the  Common

                                       1
<PAGE>

Stock during the last five trading  days on the OTC Bulletin  Board  immediately
preceding  the last trading day prior to the date with respect to which the Fair
Market  Value is to be  determined.  If the  Common  Stock is not then  publicly
traded,  then the Fair Market  Value of the Common Stock shall be the book value
of the  Company  per  share  as  determined  on the  last  day of  March,  June,
September, or December in any year closest to the date when the determination is
to be made.  For the purpose of  determining  book value  hereunder,  book value
shall be  determined by adding as of the  applicable  date called for herein the
capital,  surplus,  and  undivided  profits  of the  Company,  and after  having
deducted any reserves theretofore  established;  the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and the quotient thus obtained  shall  represent the book value of each share of
the Common Stock of the Company.

         "Participant" has the meaning set forth in Paragraph 4 hereof.

         "Payment  Time"  means the time when a Stock  Retainer  is payable to a
Participant  pursuant to Paragraph 5 hereof (without regard to the effect of any
Deferral Election).

         "Stock Retainer" has the meaning set forth in Paragraph 5 hereof.

         "Third Anniversary" has the meaning set forth in Paragraph 6 hereof.

         3.  Effective  Date of the  Plan.  This Plan was  adopted  by the Board
effective August 20, 2003 (the "Effective Date").

         4. Eligibility.  Each individual who is a Director or Consultant on the
Effective  Date and  each  individual  who  becomes  a  Director  or  Consultant
thereafter   during  the  term  of  this  Plan,  shall  be  a  participant  (the
"Participant")  in this Plan, in each case during such period as such individual
remains a Director or Consultant and is not an employee of the Company or any of
its  subsidiaries.  Each credit of shares of the Common  Stock  pursuant to this
Plan shall be evidenced by a written agreement duly executed and delivered by or
on behalf of the Company and a Participant,  if such an agreement is required by
the Company to assure compliance with all applicable laws and regulations.

         5. Grants of Shares.  Commencing on the Effective  Date,  the amount of
compensation for service to directors or consultants  shall be payable in shares
of the Common Stock (the "Stock  Retainer")  pursuant to this Plan at the deemed
issuance  price of the Fair Market  Value of the Common Stock on the date of the
issuance of such  shares.  As used herein,  "Fair  Market  Value" means the mean
between the highest and lowest  reported sales prices of the Common Stock on the
New York Stock Exchange  Composite  Tape or, if not listed on such exchange,  on
any other national securities exchange on which the Common Stock is listed or on
The Nasdaq Stock Market,  or, if not so listed on any other national  securities
exchange or The Nasdaq  Stock  Market,  then the average of the bid price of the
Common  Stock  during  the last  five  trading  days on the OTC  Bulletin  Board
immediately  preceding  the last  trading day prior to the date with  respect to
which the Fair Market Value is to be determined. If the Common Stock is not then
publicly  traded,  then the Fair Market  Value of the Common  Stock shall be the
book  value of the  Company  per share as  determined  on the last day of March,
June,  September,  or  December  in any  year  closest  to  the  date  when  the
determination  is  to be  made.  For  the  purpose  of  determining  book  value
hereunder,  book value shall be determined by adding as of the  applicable  date
called for herein the capital,  surplus,  and undivided  profits of the Company,
and after having deducted any reserves theretofore established; the sum of these
items shall be divided by the number of shares of the Common  Stock  outstanding
as of said date, and the quotient thus obtained  shall  represent the book value
of each share of the Common Stock of the Company.

         6. Deferral  Option.  From and after the Effective  Date, a Participant
may  make an  election  (a  "Deferral  Election")  on an  annual  basis to defer
delivery of the Stock  Retainer  specifying  which one of the following ways the
Stock Retainer is to be delivered (a) on the date which is three years after the
Effective  Date for which it was originally  payable (the "Third  Anniversary"),
(b) on the date upon which the Participant ceases to be a Director or Consultant
for any reason (the "Departure  Date") or (c) in five equal annual  installments
commencing on the Departure Date (the "Third  Anniversary"  and "Departure Date"
each being  referred to herein as a "Delivery  Date").  Such  Deferral  Election
shall remain in effect for each Subsequent  Year unless changed,  provided that,
any Deferral  Election with respect to a particular Year may not be changed less
than six months prior to the beginning of

                                       2
<PAGE>

such Year,  and provided,  further,  that no more than one Deferral  Election or
change thereof may be made in any Year.

         Any Deferral  Election and any change or  revocation  thereof  shall be
made by  delivering  written  notice  thereof to the Committee no later than six
months  prior  to the  beginning  of the  Year in  which  it is to be  effected;
provided  that,  with respect to the Year  beginning on the Effective  Date, any
Deferral  Election or  revocation  thereof  must be  delivered no later than the
close of business on the 30th day after the Effective Date.

         7. Deferred Stock Accounts. The Company shall maintain a Deferred Stock
Account  for each  Participant  who makes a Deferral  Election to which shall be
credited,  as of the applicable Payment Time, the number of shares of the Common
Stock  payable  pursuant to the Stock  Retainer to which the  Deferral  Election
relates.  So long as any amounts in such  Deferred  Stock  Account have not been
delivered to the  Participant  under  Paragraph 8 hereof,  each  Deferred  Stock
Account  shall be credited as of the payment date for any dividend paid or other
distribution  made with respect to the Common Stock,  with a number of shares of
the Common  Stock equal to (a) the number of shares of the Common Stock shown in
such Deferred Stock Account on the record date for such dividend or distribution
multiplied by (b) the Dividend Equivalent for such dividend or distribution.

         8. Delivery of Shares.

         (a) The shares of the Common Stock in a  Participant's  Deferred  Stock
Account  with respect to any Stock  Retainer  for which a Deferral  Election has
been made (together with dividends  attributable to such shares credited to such
Deferred Stock  Account) shall be delivered in accordance  with this Paragraph 8
as soon as practicable  after the applicable  Delivery Date. Except with respect
to a Deferral  Election  pursuant to Paragraph 6(c) hereof,  or other  agreement
between the parties,  such shares shall be delivered at one time; provided that,
if the number of shares so delivered  includes a fractional  share,  such number
shall be rounded to the nearest whole number of shares.  If the  Participant has
in effect a Deferral  Election  pursuant to  Paragraph  6(c)  hereof,  then such
shares  shall be  delivered in five equal  annual  installments  (together  with
dividends  attributable to such shares credited to such Deferred Stock Account),
with the first such installment  being delivered on the first anniversary of the
Delivery  Date;  provided  that,  if in order  to  equalize  such  installments,
fractional  shares  would  have to be  delivered,  such  installments  shall  be
adjusted by rounding to the nearest  whole  share.  If any such shares are to be
delivered  after the Participant  has died or become legally  incompetent,  they
shall be delivered to the  Participant's  estate or legal guardian,  as the case
may be, in accordance with the foregoing; provided that, if the Participant dies
with a Deferral  Election  pursuant  to  Paragraph  6(c)  hereof in effect,  the
Committee shall deliver all remaining  undelivered  shares to the  Participant's
estate immediately.  References to a Participant in this Plan shall be deemed to
refer to the Participant's estate or legal guardian, where appropriate.

         (b) The Company  may,  but shall not be required  to,  create a grantor
trust or utilize an existing  grantor trust (in either case,  "Trust") to assist
it in  accumulating  the  shares  of the  Common  Stock  needed to  fulfill  its
obligations  under  this  Paragraph  8.  However,  Participants  shall  have  no
beneficial  or other  interest  in the Trust and the assets  thereof,  and their
rights under this Plan shall be as general creditors of the Company,  unaffected
by the existence or nonexistence  of the Trust,  except that deliveries of Stock
Retainers  to  Participants  from the Trust  shall,  to the extent  thereof,  be
treated as satisfying the Company's obligations under this Paragraph 8.

         9. Share  Certificates;  Voting and Other Rights.  The certificates for
shares delivered to a Participant  pursuant to Paragraph 8 above shall be issued
in the name of the Participant, and from and after the date of such issuance the
Participant shall be entitled to all rights of a stockholder with respect to the
Common Stock for all such shares issued in his name, including the right to vote
the  shares,   and  the  Participant  shall  receive  all  dividends  and  other
distributions paid or made with respect thereto.

         10. General Restrictions.

         (a) Notwithstanding any other provision of this Plan or agreements made
pursuant  thereto,  the  Company  shall not be  required to issue or deliver any
certificate or certificates for shares of the Common Stock under this Plan prior
to fulfillment of all of the following conditions:

                                       3
<PAGE>

                  (i) Listing or approval  for listing upon  official  notice of
issuance  of such  shares on the New York Stock  Exchange,  Inc.,  or such other
securities exchange as may at the time be a market for the Common Stock;

                  (ii) Any  registration or other  qualification  of such shares
under any state or federal law or  regulation,  or the  maintaining in effect of
any such registration or other qualification which the Committee shall, upon the
advice of counsel, deem necessary or advisable; and

                  (iii)  Obtaining any other consent,  approval,  or permit from
any state or  federal  governmental  agency  which the  Committee  shall,  after
receiving the advice of counsel, determine to be necessary or advisable.

            (b) Nothing  contained  in this Plan shall  prevent the Company from
adopting other or additional compensation arrangements for the Participants.

      11. Shares Available. Subject to Paragraph 12 below, the maximum number of
shares of the Common Stock which may in the aggregate be paid as Stock Retainers
pursuant to this Plan is 8,000,000.  Shares of the Common Stock  issuable  under
this Plan may be taken from  treasury  shares of the Company or purchased on the
open market.

      12. Adjustments; Change of Control.

            (a) In the event that  there is, at any time after the Board  adopts
this  Plan,  any  change in  corporate  capitalization,  such as a stock  split,
combination  of shares,  exchange  of shares,  warrants  or rights  offering  to
purchase   the  Common   Stock  at  a  price  below  its  Fair   Market   Value,
reclassification,  or recapitalization,  or a corporate transaction, such as any
merger,  consolidation,  separation,  including a spin-off,  stock dividend,  or
other  extraordinary  distribution  of stock or  property  of the  Company,  any
reorganization  (whether or not such reorganization  comes within the definition
of such term in Section 368 of the Code) or any partial or complete  liquidation
of the Company (each of the foregoing a "Transaction"),  in each case other than
any such Transaction  which  constitutes a Change of Control (as defined below),
(i) the Deferred  Stock  Accounts  shall be credited with the amount and kind of
shares or other  property  which  would  have been  received  by a holder of the
number of shares of the Common  Stock held in such  Deferred  Stock  Account had
such shares of the Common Stock been outstanding as of the  effectiveness of any
such  Transaction,  (ii) the number and kind of shares or other property subject
to  this  Plan  shall  likewise  be   appropriately   adjusted  to  reflect  the
effectiveness   of  any  such   Transaction,   and  (iii)  the  Committee  shall
appropriately  adjust any other  relevant  provisions  of this Plan and any such
modification by the Committee shall be binding and conclusive on all persons.

            (b) If the shares of the Common Stock credited to the Deferred Stock
Accounts  are  converted  pursuant  to  Paragraph  12(a)  into  another  form of
property,  references  in this Plan to the Common  Stock shall be deemed,  where
appropriate,  to  refer  to  such  other  form  of  property,  with  such  other
modifications as may be required for this Plan to operate in accordance with its
purposes.  Without  limiting the  generality  of the  foregoing,  references  to
delivery of certificates for shares of the Common Stock shall be deemed to refer
to delivery of cash and the incidents of ownership of any other property held in
the Deferred Stock Accounts.

            (c) In lieu of the adjustment  contemplated  by Paragraph  12(a), in
the event of a Change of Control,  the following  shall occur on the date of the
Change of Control (i) the shares of the Common Stock held in each  Participant's
Deferred  Stock Account shall be deemed to be issued and  outstanding  as of the
Change of Control;  (ii) the Company shall forthwith deliver to each Participant
who has a Deferred  Stock  Account all of the shares of the Common  Stock or any
other property held in such Participant's Deferred Stock Account; and (iii) this
Plan shall be terminated.

            (d) For purposes of this Plan,  Change of Control  shall mean any of
the following events:

                  (i) The acquisition by any individual, entity or group (within
the meaning of Section  13(d)(3) or 14(d)(2) of the  Securities  Exchange Act of
1934,  as amended (the  "Exchange  Act")) (a

                                       4
<PAGE>

"Person") of beneficial  ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of 20 percent or more of either (1) the then outstanding
shares of the Common  Stock of the  Company  (the  "Outstanding  Company  Common
Stock"),  or (2) the combined voting power of then outstanding voting securities
of the Company  entitled to vote  generally in the  election of  directors  (the
"Outstanding Company Voting Securities");  provided, however, that the following
acquisitions  shall not  constitute  a Change  of  Control  (A) any  acquisition
directly from the Company (excluding an acquisition by virtue of the exercise of
a  conversion  privilege  unless  the  security  being so  converted  was itself
acquired directly from the Company), (B) any acquisition by the Company, (C) any
acquisition  by any  employee  benefit  plan (or  related  trust)  sponsored  or
maintained  by the Company or any  corporation  controlled by the Company or (D)
any  acquisition  by any  corporation  pursuant to a  reorganization,  merger or
consolidation,  if, following such reorganization,  merger or consolidation, the
conditions  described in clauses  (A),  (B) and (C) of  paragraph  (iii) of this
Paragraph 12(d) are satisfied; or

                  (ii)  Individuals  who, as of the date hereof,  constitute the
Board of the Company (as of the date hereof,  "Incumbent  Board")  cease for any
reason to constitute at least a majority of the Board;  provided,  however, that
any individual becoming a director subsequent to the date hereof whose election,
or nomination for election by the Company's stockholders, was approved by a vote
of at least a majority of the directors  then  comprising  the  Incumbent  Board
shall be  considered  as though such  individual  were a member of the Incumbent
Board,  but  excluding,  for this  purpose,  any such  individual  whose initial
assumption  of office  occurs  as a result  of  either  an actual or  threatened
election  contest  (as such  terms  are used in Rule  14a-11 of  Regulation  14A
promulgated  under the Exchange Act) or other actual or threatened  solicitation
of proxies or consents by or on behalf of a Person other than the Board; or

                  (iii)  Approval  by  the  stockholders  of  the  Company  of a
reorganization,   merger,  binding  share  exchange  or  consolidation,  unless,
following such reorganization,  merger,  binding share exchange or consolidation
(1) more than 60 percent of,  respectively,  then  outstanding  shares of common
stock of the corporation  resulting from such  reorganization,  merger,  binding
share  exchange  or  consolidation   and  the  combined  voting  power  of  then
outstanding voting securities of such corporation  entitled to vote generally in
the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all of the individuals and entities who were the beneficial
owners,  respectively,  of the Outstanding  Company Common Stock and Outstanding
Company Voting  Securities  immediately  prior to such  reorganization,  merger,
binding share exchange or consolidation in substantially the same proportions as
their ownership, immediately prior to such reorganization, merger, binding share
exchange  or  consolidation,   of  the  Outstanding  Company  Common  Stock  and
Outstanding  Company  Voting  Securities,  as the  case  may be,  (2) no  Person
(excluding  the  Company,  any employee  benefit plan (or related  trust) of the
Company or such corporation resulting from such reorganization,  merger, binding
share exchange or consolidation and any Person beneficially owning,  immediately
prior to such reorganization,  merger,  binding share exchange or consolidation,
directly or  indirectly,  20 percent or more of the  Outstanding  Company Common
Stock or Outstanding Company Voting Securities, as the case may be) beneficially
owns,  directly  or  indirectly,  20  percent  or more  of,  respectively,  then
outstanding  shares  of  common  stock of the  corporation  resulting  from such
reorganization,  merger, binding share exchange or consolidation or the combined
voting power of then outstanding voting securities of such corporation  entitled
to vote  generally in the election of directors,  and (3) at least a majority of
the members of the board of directors  of the  corporation  resulting  from such
reorganization,  merger, binding share exchange or consolidation were members of
the  Incumbent  Board  at the time of the  execution  of the  initial  agreement
providing  for  such   reorganization,   merger,   binding  share   exchange  or
consolidation; or

                  (iv)  Approval  by the  stockholders  of the  Company of (1) a
complete  liquidation or  dissolution  of the Company,  or (2) the sale or other
disposition of all or substantially all of the assets of the Company, other than
to  a  corporation,   with  respect  to  which  following  such  sale  or  other
disposition, (A) more than 60 percent of, respectively,  then outstanding shares
of  common  stock of such  corporation  and the  combined  voting  power of then
outstanding voting securities of such corporation  entitled to vote generally in
the election of directors is then beneficially owned, directly or indirectly, by
all or substantially all of the individuals and entities who were the beneficial
owners,  respectively,  of the Outstanding  Company Common Stock and Outstanding
Company Voting Securities immediately prior to such sale or other disposition in
substantially the same proportion as their ownership,  immediately prior to such
sale  or  other  disposition,  of  the  Outstanding  Company  Common  Stock  and
Outstanding  Company  Voting  Securities,  as the  case  may be,  (B) no  Person
(excluding  the Company and any employee  benefit plan (or related trust) of the
Company or such  corporation  and any Person  beneficially  owning,  immediately
prior to such sale or other disposition,  directly or indirectly,  20 percent or
more of the  Outstanding  Company  Common Stock or

                                       5
<PAGE>

Outstanding  Company Voting  Securities,  as the case may be) beneficially owns,
directly or indirectly,  20 percent or more of,  respectively,  then outstanding
shares of common stock of such corporation and the combined voting power of then
outstanding voting securities of such corporation  entitled to vote generally in
the  election  of  directors,  and (3) at least a majority of the members of the
board of directors of such  corporation  were members of the Incumbent  Board at
the time of the  execution  of the  initial  agreement  or  action  of the Board
providing for such sale or other disposition of assets of the Company.

      13. Administration; Amendment and Termination.

            (a) This Plan shall be administered by a committee consisting of two
members who shall be the current  directors  of the Company or senior  executive
officers or other directors who are not Participants as may be designated by the
Chief Executive  Officer (the  "Committee"),  which shall have full authority to
construe and  interpret  this Plan,  to  establish,  amend and rescind rules and
regulations  relating  to this Plan,  and to take all such  actions and make all
such  determinations  in connection  with this Plan as it may deem  necessary or
desirable.

            (b) The Board may from  time to time  make such  amendments  to this
Plan,  including to preserve or come within any exemption from  liability  under
Section  16(b)  of the  Exchange  Act,  as it may  deem  proper  and in the best
interest of the Company without further approval of the Company's  stockholders,
provided  that,  to  the  extent  required  under  Florida  law  or  to  qualify
transactions  under this Plan for exemption under Rule 16b-3  promulgated  under
the Exchange  Act, no amendment  to this Plan shall be adopted  without  further
approval of the Company's  stockholders and, provided,  further,  that if and to
the extent  required for this Plan to comply with Rule 16b-3  promulgated  under
the Exchange  Act, no amendment to this Plan shall be made more than once in any
six month period that would change the amount,  price or timing of the grants of
the Common Stock  hereunder  other than to comport with changes in the Code, the
Employee  Retirement Income Security Act of 1974, as amended, or the regulations
thereunder.  The  Board  may  terminate  this  Plan  at any  time by a vote of a
majority of the members thereof.

      14. Miscellaneous.

            (a) Nothing in this Plan shall be deemed to create any obligation on
the part of the Board to nominate any Director for  reelection  by the Company's
stockholders or to limit the rights of the stockholders to remove any Director.

            (b) The  Company  shall  have  the  right to  require,  prior to the
issuance or delivery  of any shares of the Common  Stock  pursuant to this Plan,
that a  Participant  make  arrangements  satisfactory  to the  Committee for the
withholding  of any taxes  required  by law to be withheld  with  respect to the
issuance or delivery  of such  shares,  including,  without  limitation,  by the
withholding  of shares  that  would  otherwise  be so issued  or  delivered,  by
withholding from any other payment due to the Participant,  or by a cash payment
to the Company by the Participant.

      14.1  Governing  Law. The Plan and all actions taken  thereunder  shall be
governed by and construed in accordance with the laws of the State of Florida.

      14.2 Information to Shareholders. The Company shall furnish to each of its
stockholders financial statements of the Company at least annually.

         IN WITNESS WHEREOF,  this Plan has been executed effective as of August
20, 2003.

                                THE JACKSON RIVERS COMPANY

                                By/s/ Dennis N. Lauzon
                                  ---------------------------------------------
                                    Dennis N. Lauzon, President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]