Document:

<PAGE>

                                                                     EXHIBIT 4.3

NAME:
       --------------------

EMPLOYEE ID:
              ------------------------

                       INVESTMENT REPRESENTATION STATEMENT

         Effective as of ___________________ [insert date of option exercise]
(the "EFFECTIVE DATE"), the undersigned ("Participant") has elected to purchase
_________________ shares of the common stock of the Company (the "SHARES") under
and pursuant to the Avanade Inc. Employee Stock Option Plan As Amended and
Restated on May 13, 2004 ("Plan") and the Stock Option Agreement ("Option
Agreement"). The Participant hereby makes the following certifications,
representations, warranties and agreements with respect to the purchase of the
Shares ("Representation Statement"):

1.       DEFINITIONS

         1.1.     Capitalized words not defined herein shall have the meaning as
                  defined in the Plan and Option Agreement as applicable.

2.       RESTRICTIONS. As more fully detailed in Section 6 below, the Shares
         have not been registered under the Securities Act of 1933 or any
         applicable state law, and no interest in them may be sold, distributed,
         assigned, offered, pledged or otherwise transferred to any party other
         than the Company unless (a) there is an effective registration
         statement under such Act and applicable state securities laws covering
         any such transaction involving these securities or (b) the Company
         receives an opinion of legal counsel for the Participant (concurred in
         by legal counsel for the Company) stating that such transaction is
         exempt from registration. The Participant understands that a
         registration of the Plan under the Securities Exchange Act of 1934
         shall not be an "effective registration" in accordance with (a) above.

3.       FIRST REFUSAL, REPURCHASE AND PUT RIGHTS

         3.1.     RIGHTS OF FIRST REFUSAL. Before any Shares held by Participant
                  may be sold or otherwise transferred as permitted and limited
                  by the terms of this Representation Statement, Plan or Option
                  Agreement (including any assignment, pledge, encumbrance or
                  other disposition of the Shares, but not including a permitted
                  transfer under Section 4.1 below), the Company will have a
                  right of first refusal to purchase the Shares on the terms and
                  conditions set forth in this Section 3.1 (the "RIGHT OF FIRST
                  REFUSAL").

                  3.1.1.   In the event Participant desires to accept a bona
                           fide third-party offer for the sale or transfer of
                           any or all of the Shares, Participant will promptly
                           deliver to the Company a written notice (the "FIRST
                           REFUSAL NOTICE") stating the terms and conditions of
                           any proposed sale or transfer, including (a)
                           Participant's bona fide intention to sell or
                           otherwise transfer such Shares, (b) the name of each
                           proposed

                                       1
<PAGE>

                                                                     EXHIBIT 4.3

                           Participant or other transferee (the "PROPOSED
                           TRANSFEREE"), (c) the number of Shares to be
                           transferred to each Proposed Transferee, and (d) the
                           bona fide cash price or other consideration for which
                           Participant proposes to transfer the Shares (the
                           "OFFERED PRICE"). Participant will provide
                           satisfactory proof that the disposition of such
                           shares to such Proposed Transferee would not be in
                           contravention of this Representation Statement or the
                           terms of the Plan or Option Agreement.

                  3.1.2.   At any time within a specified period no less often
                           than the Semi-Annual Exercise Period during which a
                           First Refusal Notice is received, the Company or its
                           assignee may, by giving written notice to
                           Participant, elect to purchase all or any portion of
                           the Shares proposed to be transferred to any one or
                           more of the Proposed Transferees, at the purchase
                           price determined in accordance with the following
                           paragraph.

                  3.1.3.   The purchase price for the Shares purchased under
                           this Section 3.1 will be the Offered Price. If the
                           Offered Price includes consideration other than cash,
                           the cash equivalent value of the noncash
                           consideration will be determined by the Company's
                           Board of Directors in good faith.

                  3.1.4.   Payment of the purchase price will be made, in the
                           discretion of the Plan Administrator, either (a) in
                           the manner set forth in Section 3.3 or (b) in the
                           manner and at the time(s) set forth in the First
                           Refusal Notice.

                  3.1.5.   If any of the Shares proposed in the First Refusal
                           Notice to be transferred to a given Proposed
                           Transferee are not purchased by the Company and/or
                           its assignee as provided in this Section 3.1, then
                           Participant may sell or otherwise transfer such
                           Shares to that Proposed Transferee at the Offered
                           Price or at a higher price, provided that such sale
                           or other transfer is consummated within 60 days after
                           the date of the First Refusal Notice, and provided
                           that any such sale or other transfer is effected in
                           accordance with any applicable securities laws and
                           the Proposed Transferee agrees in writing that the
                           provisions of this Section 3.1 will continue to apply
                           to the Shares in the hands of such Proposed
                           Transferee. If the Shares described in the First
                           Refusal Notice are not transferred to the Proposed
                           Transferee within such period, or if Participant
                           proposes to change the price or other terms to make
                           them more favorable to the Proposed Transferee, a new
                           First Refusal Notice will be given to the Company,
                           and the Company or its assignee will again be offered
                           the Right of First Refusal before any Shares held by
                           Participant may be sold or otherwise transferred.

         3.2.     REPURCHASE AND PUT RIGHTS. The Company and the Participant
                  each have certain rights to compel the sale of the Shares to
                  the Company.

                  3.2.1.   The Company may exercise a right to repurchase any or
                           all of the Shares (whether issued before or after
                           cessation of employment) at the Company's sole
                           discretion, at

                                       2
<PAGE>

                                                                     EXHIBIT 4.3

                           the Fair Market Value of such shares on the date of
                           such repurchase (the "REPURCHASE RIGHT"). The Company
                           may exercise the Repurchase Right by delivering a
                           notice to Participant specifying the number of Shares
                           to be purchased (the "CALL NOTICE").

                  3.2.2.   The Shares (whether issued before or after cessation
                           of employment) will be entitled to certain put rights
                           by the Participant to compel the purchase of the
                           shares by the Company (the "PUT RIGHT"). The
                           Participant may exercise the Put Right by delivering
                           written notice to the Company specifying the number
                           of Shares to be purchased by the Company
                           substantially in a form to be provided by the Company
                           (the "PUT NOTICE").

                  3.2.3.   The purchase price for any Shares to be purchased
                           pursuant to a Call Notice or a Put Notice will be the
                           Fair Market Value of the Shares as set forth in the
                           most recent Valuation Notice. Such rights are also
                           subject to the terms of the Plan and Option
                           Agreement.

         3.3.     PAYMENT OF PURCHASE PRICE. The purchase of the Shares subject
                  to purchase under this Section 3 will close within 60 days
                  after receipt by the Company, or Participant as appropriate,
                  of the applicable First Refusal Notice, Call Notice or Put
                  Notice. Unless otherwise mutually agreed by the involved
                  parties, the closing of any purchase by the Company under this
                  Section 3 will take place at the principal office of the
                  Company. Subject to the maximum payment limitations set forth
                  in Section 3.5, the purchase price for any Shares acquired
                  through such notices will be paid in the form of (a) cash (by
                  check, wire transfer, or otherwise), (b) the Company's assets,
                  or (c) a combination thereof as determined by the Company in
                  its sole discretion, except that any payment involving, in
                  whole or in part, the Company's assets must be approved by
                  Participant.

         3.4.     EXERCISE RESTRICTIONS. Participant may not submit a First
                  Refusal Notice or a Put Notice to the Company and the Company
                  may not submit a Call Notice to Participant earlier than six
                  months and one day following the date the Shares were acquired
                  by Participant (or any shorter period specified by the
                  Company's outside accountants as sufficient to avoid a charge
                  to the Company's earnings for financial reporting purposes).
                  Such notices may be submitted only during those periods
                  specified by the Plan Administrator, including at a minimum
                  the Semi-Annual Exercise Periods. Participant may not submit a
                  First Refusal Notice to the Company if the Company has
                  previously submitted a Call Notice to Participant.

         3.5.     LIMITATION ON CASH PAYMENT. The Company will in no event be
                  required to make any payment which would, in the opinion of
                  the Company's Board of Directors, (a) be in violation of
                  applicable law, (b) violate a covenant imposed by a bank or
                  other lender, lessor or other bona fide third-party
                  contracting party of the Company, or (c) unreasonably limit
                  the ability of the Company to meet its cash obligations in the
                  ordinary course of business.

                                       3
<PAGE>

                                                                     EXHIBIT 4.3

         3.6.     FURTHER ACTS. Whenever the Company will, pursuant to this
                  Representation Statement, purchase Shares, each Participant or
                  the legal representative of Participant will do all things and
                  execute and deliver all papers as may be necessary to
                  consummate such purchase.

         3.7.     INDEBTEDNESS TO COMPANY OF PARTICIPANT. In the event the
                  Company purchases an Participant's Shares pursuant to this
                  Representation Statement, the Company may set off against the
                  purchase price for the Shares any indebtedness owed to the
                  Company by such Participant or his or her estate, whether or
                  not such indebtedness is then due.

4.       TRANSFER RESTRICTIONS

         4.1.     RESTRICTIONS ON TRANSFER. Until the earlier of a Qualified IPO
                  and a Corporate Transaction (other than a Related Party
                  Transaction), the Shares may be sold, assigned, pledged,
                  transferred, encumbered or otherwise disposed of only in
                  accordance with the provisions of this Representation
                  Statement, the Plan and the Option Agreement. Except as
                  otherwise provided in this Representation Statement or in the
                  Plan and Option Agreement, such restrictions on transfer,
                  however, will not apply to (a) a gratuitous transfer of the
                  Shares, provided, and only if, the Participant obtains the
                  Company's prior written consent to such transfer, (b) a
                  transfer of title to the Shares effected pursuant to the
                  Participant's will or the laws of intestate succession, or (c)
                  a transfer to the Company in pledge as security for any
                  purchase-money indebtedness incurred by the Participant in
                  connection with the acquisition of the Shares.

         4.2.     VOTING AGREEMENT. The Participant agrees to vote the Shares
                  with and in proportion to how those investors named as parties
                  on Attachment B to the Employee Stockholders Agreement dated
                  as of August 4, 2000, by and among the Company and certain
                  other stockholders of the Company, vote their shares of Series
                  A Preferred Stock. This voting agreement is coupled with an
                  interest and may not be revoked during the term of the
                  Employee Stockholders Agreement, which agreement terminates
                  upon the closing of a Qualified IPO.

         4.3.     TRANSFEREE OBLIGATIONS. Each person (other than the Company)
                  to whom the Shares are transferred by means of one of the
                  permitted transfers specified in this Representation Statement
                  must, as a condition precedent to the validity of such
                  transfer, acknowledge in writing to the Company that such
                  person is bound by the provisions of this Representation
                  Statement, the Plan, and the Option Agreement to the same
                  extent the Shares would be so subject if retained by
                  Participant.

5.       ASSIGNMENT SEPARATE FROM CERTIFICATE

         5.1.     As security for the faithful performance of this
                  Representation Statement,

                                       4
<PAGE>

                                                                     EXHIBIT 4.3

                  Participant agrees to execute and deliver a stock power in the
                  form attached to this Representation Statement as Exhibit A,
                  executed by Participant and by Participant's spouse, if any
                  (with the transferee, certificate number, date and number of
                  Shares left blank), to the Secretary of the Company or its
                  designee ("ESCROW HOLDER"), who is hereby appointed to hold
                  such stock power in escrow and to take all such actions,
                  including stop transfer restrictions on the Company's stock
                  records, and to effectuate all such transfers and/or releases
                  of such Shares as are in accordance with the terms of this
                  Representation Statement. Participant and the Company agree
                  that Escrow Holder will not be liable to any party to this
                  Representation Statement (or to any other party) for any
                  actions or omissions unless Escrow Holder is grossly negligent
                  relative thereto. Escrow Holder may rely on any letter, notice
                  or other document executed by any signature purported to be
                  genuine and may rely on advice of counsel and obey any order
                  of any court with respect to the transactions contemplated in
                  this Representation Statement. The Shares will be released
                  from escrow upon termination of the restrictions imposed by
                  this Representation Statement, except that such release will
                  not affect the rights of the Company with respect to any
                  pledge of Shares to the Company.

6.       SECURITIES LAW COMPLIANCE

         6.1.     The Participant acknowledges that he or she is aware of the
                  Company's business affairs and financial condition and has
                  acquired sufficient information about the Company to reach an
                  informed and knowledgeable decision to acquire the Shares. The
                  Participant represents and warrants to the Company that he or
                  she is acquiring these Shares for investment for the
                  Participant's own account only and not with a view to, or for
                  resale in connection with, any "distribution" thereof within
                  the meaning of the Securities Act of 1933, as amended (the
                  "SECURITIES ACT").

         6.2.     The Participant further acknowledges that the Shares have not
                  been registered under the Securities Act, are deemed to
                  constitute "restricted securities" under Rule 701 and Rule 144
                  promulgated under the Securities Act and must be held
                  indefinitely unless they are subsequently registered under the
                  Securities Act and qualified under any applicable state
                  securities laws or an exemption from such registration and
                  qualification is available. The Participant further
                  acknowledges that the Company is under no obligation to
                  register the Shares under the Securities Act, and that any
                  registration under Section 12(g) of the Securities Exchange
                  Act of 1934 shall not change the nature of the "restricted
                  securities".

         6.3.     The Participant hereby confirms that the Participant
                  understands that at the present time Rule 144 may not be
                  relied on for the resale or distribution of the Shares by the
                  Participant. The Participant understands that the Company has
                  no obligation to the Participant to register the Shares with
                  and has not represented to the Participant that it will so
                  register the Shares.

                                       5
<PAGE>

                                                                     EXHIBIT 4.3

         6.4.     The Participant further acknowledges that he or she is
                  familiar with the provisions of Rule 701 and Rule 144, which
                  Rules, in substance, permit limited public resale of
                  "restricted securities" acquired, directly or indirectly from
                  the issuer thereof, in a nonpublic offering subject to the
                  satisfaction of certain conditions. The Participant
                  understands that if the Company becomes subject to the
                  reporting requirements of Section 13 or 15(d) of the
                  Securities Exchange Act of 1934, the Participant will not be
                  able to resell the Shares under Rule 701 (i) until at least
                  ninety (90) days after the Company became subject to such
                  reporting requirements (or any longer stand-off period, as
                  discussed below, may require) and (ii) unless such resale
                  satisfies those provisions of Rule 144 that are specified in
                  Rule 701(g)(3). Even if the Company is not subject to such
                  reporting requirements, the Shares may be resold in certain
                  limited circumstances subject to satisfaction of all of the
                  applicable provisions of Rule 144. The Participant further
                  acknowledges that in the event all of the applicable
                  requirements of Rule 144 are not satisfied, registration under
                  the Securities Act, compliance with Regulation A, or some
                  other registration exemption will be required in order to
                  resell the Shares. The Participant understands that no
                  assurances can be given that any such registration will be
                  made or any such exemption will be available in such event.

         6.5.     The Participant hereby confirms that the Participant
                  understands that because the Shares have not been registered
                  under the Securities Act, the Participant must continue to
                  bear the economic risk of the investment for an indefinite
                  period of time and the Shares cannot be sold, except as
                  permitted under the Plan and Option Agreement, unless the
                  Shares are subsequently registered or an exemption from
                  registration is available.

         6.6.     The Participant further acknowledges and understands that all
                  certificates representing any of the Shares shall have
                  endorsed thereon appropriate legends reflecting the foregoing
                  limitations, as well as any legends reflecting any other
                  restrictions pursuant to the Company's Articles of
                  Incorporation, Bylaws, the Option, the Plan and/or applicable
                  securities laws.

         6.7.     The Participant further agrees that, if so requested by the
                  Company or any representative of the underwriters (the
                  "MANAGING UNDERWRITER") in connection with any registration of
                  the offering of any securities of the Company under the
                  Securities Act, the Participant shall not sell or otherwise
                  transfer any Shares or other securities of the Company up to
                  180 days, or such other period as may be requested in writing
                  by the Managing Underwriter and agreed to in writing by the
                  Company (the "MARKET STANDOFF PERIOD"), following the
                  effective date of a registration statement of the Company
                  filed under the Securities Act. Such restriction shall apply
                  only to the first registration statement of the Company to
                  become effective under the Securities Act that includes
                  securities to be sold on behalf of the Company to the public
                  in an underwritten public offering under the Securities Act.
                  The Company may impose stop-transfer instructions with respect
                  to securities subject to the foregoing restrictions until the
                  end of such Market Standoff Period.

                                       6
<PAGE>

                                                                     EXHIBIT 4.3

         6.8.     The Participant further acknowledge and agrees that the
                  Company shall not be required (i) to transfer on its books any
                  Shares that have been sold or otherwise transferred in
                  violation of any of the representations, warranties,
                  agreements or other provisions contained in this
                  Representation Statement or (ii) to treat as owner of such
                  Shares or to accord the right to vote or pay dividends to any
                  purchaser or other transferee to whom such Shares shall have
                  been so transferred.

         6.9.     The Participant hereby agrees to indemnify the Company and
                  hold it harmless from and against any loss, claim or
                  liability, including attorneys' fees or legal expenses,
                  incurred by the Company as a result of any breach by the
                  Participant of, or any inaccuracy in, any representation,
                  warranty or statement made by the Participant in this
                  Representation Statement or the breach by the Participant of
                  any terms or conditions of this Representation Statement.

7.       INDEPENDENT TAX ADVICE

         7.1.     Participant acknowledges that determining the actual tax
                  consequences to each particular Participant of exercising the
                  Option or disposing of the Shares may be complicated. These
                  tax consequences will depend, in part, on Participant's
                  specific situation and may also depend on the resolution of
                  currently uncertain tax law, and other variables not within
                  the control of the Company. Participant is aware that
                  Participant should consult a competent and independent tax
                  advisor for a full understanding of the specific tax
                  consequences to Participant prior to exercising the Option or
                  disposing of the Shares. Prior to exercising the Option,
                  Participant either has consulted with a competent tax advisor
                  independent of the Company to obtain tax advice concerning the
                  exercise of the Option in light of Participant's specific
                  situation or has had the opportunity to consult with such a
                  tax advisor but chose not to do so.

                  Submitted by Participant:

                  ----------------------------      ----------------------------
                  Printed Name                      Signature

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

                                       7
<PAGE>

                                                                     EXHIBIT 4.3

         By his or her signature below, the spouse of Participant, if such
Participant is legally married as of the date of Participant's execution of this
Agreement, acknowledges that he or she has read this Representation Statement
and the Plan and is familiar with the terms and provisions of this
Representation Statement and the Plan, and agrees to be bound by all the terms
and conditions of this Representation Statement and the Plan.

                  ----------------------------      ----------------------------
                  Printed Name                      Signature

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

         By his or her signature below, Participant represents that he or she is
not legally married as of the date of executing this Representation Statement.

                  ----------------------------      ----------------------------
                  Date                              Participant's Signature

                                       8
<PAGE>

                                                                     EXHIBIT 4.3

                                   EXHIBIT A

              STOCK POWER AND ASSIGNMENT SEPARATE FROM CERTIFICATE
    (Not to be Used Except as Permitted Under the Representation Statement)

TO BE COMPLETED BY AVANADE INC.

         FOR VALUE RECEIVED and pursuant to that certain Investment
Representation Statement dated as
of______________________________________,_______, the undersigned hereby sells,
assigns and transfers unto_____________________________ ______ shares of the
Common Stock of Avanade Inc., a Washington corporation, standing in the
undersigned's name on the books of said corporation represented by Certificate
No. __ delivered herewith, and does hereby irrevocably constitute the Secretary
of said corporation as attorney-in-fact, with full power of substitution, to
transfer said stock on the books of said corporation.

Dated:
       ------------------------------------------------------

Signature:
           ----------------------------------------------

Please print name:
                   --------------------------------------

Spouse's signature, if any:
                            --------------------------------------

Please print name:
                   -----------------------------------------------

                                       9<PAGE>

                                                                     EXHIBIT 4.4

                                                               [AMENDED 5/13/04]

                                  AVANADE INC.

                            2000 STOCK INCENTIVE PLAN

                                  PLAN DOCUMENT

                     AS AMENDED AND RESTATED ON MAY 13, 2004

<PAGE>

TABLE OF CONTENTS

<TABLE>
<CAPTION>
SECTION                                                              PAGE NUMBER
<S>                                                                  <C>
    1. Purpose                                                            1

    2. Definitions                                                        1

    3. Administration of Plan                                             3

    4. Shares Subject to Plan                                             4

    5. Eligibility                                                        5

    6. Awards                                                             5

    7. Option Exercise Price                                              5

    8. Exercise of Options                                                6

    9. Post-Termination Exercises                                         6

    10. Stock Awards                                                      6

    11. No Right to Continued Employment or Service Relationship          7

    12. Restrictions on Transferability                                   7

    13. Conditions Upon Issuance of Shares                                7

    14. Taxes                                                             7

    15. Adjustments Upon Changes in Capitalization and Merger             8

    16. Market Standoff                                                   9

    17. Termination of Employment Prior to a Trigger Event                9

    18. Repurchase Rights for Unvested Shares                            10

    19. Repurchase, First Refusal Rights and Put Rights                  10

    20. Amendment and Termination                                        11

    21. Consent of Optionee                                              11

    22. Optionees in Foreign Countries                                   11

    23. Choice of Law                                                    11

    24. Appendix Provisions                                              11

APPENDIX A                                                               11
</TABLE>

                                       i

<PAGE>

                                  AVANADE INC.

                            2000 STOCK INCENTIVE PLAN

1.    PURPOSE

The Avanade Inc. 2000 Stock Incentive Plan (the "Plan") is established to
support the creation of value for the shareholders of Avanade Inc., a Washington
corporation ( the "Company"). Its purposes are to attract and retain the best
available personnel, align the interests of the Company's employees with those
of shareholders, and to encourage employees to acquire an equity interest in the
Company.

2.    DEFINITIONS

"AGREEMENT" means the document setting forth the terms and conditions of an
Option or a Stock Award.

"ACCENTURE" means Accenture LLP, an Illinois limited liability partnership.

"BOARD" means the Company's Board of Directors.

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

"COMMON STOCK" means the Company's Common Stock, par value $0.0001 per share.

"COMPENSATION COMMITTEE" has the meaning set forth in Section 3.

"CORPORATE TRANSACTION" means (a) consummation of any merger or consolidation of
the Company with or into another corporation or (b) consummation of any sale,
lease, exchange or other transfer in one transaction or a series of related
transactions of all or substantially all the Company's outstanding securities or
substantially all the Company's assets other than a transfer of the Company's
assets to a Subsidiary.

"DISABILITY" means a mental or physical impairment of the Optionee that is
expected to result in death or that has lasted or is expected to last for a
continuous period of 12 months or more and that causes the Optionee to be
unable, in the opinion of the Company and two independent physicians, one of
whom is chosen by the Company, to perform his or her duties for the Company or a
Subsidiary and to be engaged in any substantial gainful activity.

"EMPLOYEE" means the persons eligible to participate in the Plan, as set forth
in Section 5.

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

"FAIR MARKET VALUE," if Shares are listed on a stock exchange, will be the
closing price per Share on the Grant Date or last prior date on which Shares
traded. If not so listed, Fair Market Value will be determined in good faith by
the Board or, if designated, the Compensation

                                       1

<PAGE>

Committee on the basis of such considerations as the Board or the Compensation
Committee determines to be appropriate, and such determination will be
conclusive and binding. At least semi-annually, the Board or, if designated, the
Compensation Committee will determine the Fair Market Value of the Common Stock
based on an independent third-party appraisal. An appraisal will be done
following the close of the Company's fiscal year and will be based on financial
data dated as of the end of the fiscal year and such other considerations as the
Board or such Compensation Committee reasonably deems appropriate. The Plan
Administrator will deliver written notice of such value to each Optionee within
a reasonable period of time after such value has been determined (the "Year-End
Valuation Notice"). Another appraisal will be done following the close of the
second fiscal quarter of the Company's fiscal year and will be based on
financial data dated as of the end of the second fiscal quarter and such other
considerations as the Board or the Compensation Committee reasonably deems
appropriate. The Plan Administrator will deliver written notice of such value to
each Optionee within a reasonable period of time after such value has been
determined (the "Six-Month Valuation Notice"). For purposes of determining the
Fair Market Value of the Common Stock at the date of grant and or exercise of an
Option that occurs at a time other than during a Semi-Annual Exercise Period,
the Board or, if designated, the Compensation Committee, will take into
consideration such factors as it reasonably deems appropriate.

"GRANT DATE" means the date on which the Plan Administrator completes the
corporate action relating to the award and all conditions precedent to the award
have been satisfied, provided that conditions to the exercisability or vesting
of awards will not defer the Grant Date.

"INCENTIVE STOCK OPTION" means an Option to purchase Shares with the intention
that it qualify as an "incentive stock option" as that term is defined in
Section 422 of the Code.

"MICROSOFT" means Microsoft Corporation, a Washington corporation.

"NONQUALIFIED STOCK OPTION" means an Option to purchase Shares other than an
Incentive Stock Option.

"OPTION" means the right granted to an Optionee to purchase Shares granted under
Section 6.

"OPTIONEE" means the Employee to whom an Option has been granted.

"PARENT" means a current or future "parent corporation" as defined in Section
424 of the Code.

"PLAN ADMINISTRATOR" has the meaning set forth in Section 3.

"QUALIFIED IPO" means a firm commitment underwritten public offering of the
Common Stock, pursuant to a registration statement filed under the Securities
Act, in which the aggregate proceeds to the Company (before deduction of
underwriters' discounts and commissions) equal or exceed $25,000,000 and the
public offering price per share of which equals or exceeds $7.50 per share
(before deduction of underwriters' discounts and commissions).

"RELATED PARTY TRANSACTION" means (i) a merger of the Company in which the
holders of a majority of the voting power of all outstanding securities of the
Company immediately prior to

                                       2

<PAGE>

the merger hold at least a majority of the voting power of all outstanding
securities of the Successor Corporation immediately after the merger, (ii) a
mere reincorporation of the Company or (iii) a transaction undertaken for the
sole purpose of creating a holding company.

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

"SEMI-ANNUAL EXERCISE PERIOD" means the two 30-day periods commencing each year
on each of (a) the date the Plan Administrator delivers to Optionees the
Year-End Valuation Notice and (b) the date the Plan Administrator delivers to
Optionees the Six-Month Valuation Notice.

"SHARES" means the shares of Common Stock issuable under the Plan as described
in Section 4.

"STOCK AWARD" means an award of Common Stock or units denominated in Common
Stock granted under Section 10, the rights of ownership of which may be subject
to restrictions prescribed by the Plan Administrator.

"SUBSIDIARY" for Incentive Stock Options means a current or future "subsidiary
corporation" as defined in Section 424 of the Code, and, for other awards, also
a limited liability company, partnership or other entity in which the Company
controls 50% or more the voting power or equity interests.

"SUCCESSOR CORPORATION" means, in the event of a Corporate Transaction, the
surviving corporation, the successor corporation or its parent corporation, as
applicable.

"TRIGGER EVENT" means the earliest to occur of (i) 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; (ii) July 1, 2005; and (iii) a Corporate
Transaction other than a Related Party Transaction.

3.    ADMINISTRATION OF PLAN

The Plan will be administered by the Board and/or one or more committees
appointed by, and consisting of two or more members of, the Board (a "Plan
Administrator").

Until the effective date of a Qualified IPO, and so long as Microsoft and
Accenture each continues to own, directly or indirectly, stock of the Company
which possesses at least 20% of the voting power of all outstanding securities
of the Company, the committee acting as Plan Administrator (the "Compensation
Committee") will be comprised of one Board member designated by Microsoft and
one Board member designated by Accenture. If and so long as the Common Stock is
registered under Section 12(b) or 12(g) of the Exchange Act, the Board will
consider in selecting the members of any committee acting as Plan Administrator,
with respect to awards granted to any persons subject or likely to become
subject to Section 16 of the Exchange Act, the provisions regarding (a)
"nonemployee directors" as contemplated by Rule 16b-3 under the Exchange Act and
(b) "outside directors" as contemplated by Section 162(m) of the Code or any
successor rules or provisions. Notwithstanding the foregoing, the Board may
delegate the responsibility for administering the Plan with respect to
designated classes of employees to different committees consisting of two or
more members of the Board, subject to such limitations as the Board deems
appropriate. Committee members will serve for such terms the Board may

                                       3

<PAGE>

determine, subject to removal by the Board at any time. In addition, to the
extent consistent with applicable law, the Board may authorize one or more
senior executive officers of the Company to grant awards to eligible persons
within limits specifically prescribed by the Board, together with such other
additional limits as may be prescribed by the Compensation Committee; provided,
however, that no such officer shall have or obtain authority to grant awards to
himself or herself or to any person subject to the reporting requirements of
Section 16 of the Exchange Act.

The Plan Administrator will grant awards, establish the terms and conditions of
awards, interpret the Plan, establish any rules and regulations necessary or
appropriate for administration of the Plan, and make such other determinations
and take such actions as it deems necessary or advisable. This includes changing
(with the consent of the award holder) the terms and conditions of any
outstanding award and substituting or assuming awards in connection with
mergers, reorganizations, separations, or other similar transactions. The Plan
Administrator may rely upon the advice and assistance of any individual it deems
appropriate in administering the Plan and, as may be permitted by governing
state law, delegate authority to an officer(s) of the Company to make awards to
certain Employees.

Any determination or action made or taken by the Plan Administrator will be
final and binding. No member of a Plan Administrator will be liable for any
action or determination taken or made in good faith.

4.    SHARES SUBJECT TO PLAN

Subject to adjustment from time to time as provided in Section 15, the total
number of Shares reserved and available for issuance under the Plan will be
30,000,000 shares of Common Stock ("Shares"). The Shares may be authorized, but
unissued, or reacquired. Notwithstanding the foregoing, in the event of a
recapitalization that occurs at such time as the Common Stock is a "listed
security" under the Securities Act and that results in the Common Stock being
converted into two classes of voting common stock, all shares reserved and
authorized for issuance, and all Shares issued, under the Plan will
automatically be converted into the class of common stock that entitles the
holder to the lowest number of votes per share, without any change in the per
share exercise price for any Shares subject to outstanding or exercised Options.

In addition, (a) any authorized shares of Common Stock not issued or subject to
outstanding awards under the Company's Employee Stock Option Plan (the "Employee
Plan") on 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
"Registration Date") and (b) any shares of Common Stock subject to outstanding
awards under the Employee Plan on the Registration Date that cease to be subject
to such awards (other than by reason of exercise or payment of the awards to the
extent they are exercised for or settled in vested and nonforfeitable shares),
up to an aggregate maximum of 30,000,000 shares, will cease, as of the
Registration Date, to be available for issuance under the Employee Plan, but
will be available for issuance under the Plan.

The following Shares will again be available for issuance in connection with
future awards under the Plan: (i) any Shares 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

                                       4

<PAGE>

or settled in vested and nonforfeitable Shares); (ii) any Shares issued under
the Plan that are repurchased by the Company; and (iii) any shares delivered to
the Company as full or partial payment of the exercise price of an Option.

Any Shares issued by the Company in connection with the assumption or
substitution of outstanding awards from an acquired entity will not reduce the
Shares available for issuance under the Plan.

Notwithstanding the foregoing, the maximum number of Shares that may be issued
pursuant to Options intended to qualify as Incentive Stock Options, will be
30,000,000.

Also notwithstanding the foregoing, until the Registration Date, the total
number of shares reserved and available for issuance under the Plan will
automatically be reduced by the number of Shares issued under the Employee Plan.

5.    ELIGIBILITY

Awards may be granted only to persons employed by the Company or any Subsidiary
of the Company and to members of the Board (together, "Employees"). Incentive
Stock Options may be granted only to persons employed by the Company or any
Subsidiary of the Company. Notwithstanding the foregoing, 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, Awards may be granted only to
executive management employees and to members of the Board. For this purpose, an
"executive management employee" means an executive who is in charge of a
worldwide functional unit or any other executive who performs a similar function
or who is in charge of a territorial business unit.

6.    AWARDS

The Plan Administrator will have the authority, in its sole discretion, to
determine the type or types of awards to be made under the Plan. Such awards may
be Options or Stock Awards. An Option gives an Optionee the right to purchase
Shares at a stated price for a specified period of time. An Option may be either
an Incentive Stock Option or a Nonqualified Stock Option.

Each award will be documented in an agreement (an "Agreement") designating,
among other terms and conditions, whether an Option is an Incentive Stock Option
or a Nonqualified Stock Option. An award will be deemed granted as of the Grant
Date. Employees may receive more than one award, and the terms and timing of
awards can vary among Employees and from prior awards. Receipt of an award does
not entitle an Employee to future awards.

The Company may settle awards through the delivery of Shares, the granting of
replacement awards or any combination thereof as the Plan Administrator
determines. Any award settlement, including payment deferrals, may be subject to
such conditions, restrictions and contingencies as the Plan Administrator
determines. 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

                                       5

<PAGE>

provisions for the payment or crediting of interest, or dividend equivalents,
including converting such credits into deferred stock equivalents.

7.    OPTION EXERCISE PRICE

The Plan Administrator will determine the per Share exercise price under each
Option which will not be less than 100% of the Fair Market Value of the Shares
on the Grant Date with respect to Incentive Stock Options.

In the case of Incentive Stock Options awarded to an Employee who, at the time
of the award, owns stock possessing more than ten percent of the voting power of
all classes of stock of the Company or its Parent or Subsidiary, the exercise
price will be no less than 110% of the Fair Market Value on the Grant Date.

8.    EXERCISE OF OPTIONS

The Agreement will specify the times at which and the conditions under which an
Option will become vested and exercisable. Regardless of the terms of the
Agreement, the Plan Administrator, in its discretion, may waive, suspend or
modify such provisions at any time, including but not limited to modification of
the vesting schedule of an award held by an Employee who works less than
"full-time," as that term is defined by the Plan Administrator, or is on a leave
of absence from the Company or a Subsidiary.

The term of each Option will be fixed by the Plan Administrator or, if not so
established, will be ten years from the Grant Date (five years from the Grant
Date for Incentive Stock Options awarded to an Employee owning stock possessing
more than ten percent of the voting power of all classes of stock of the Company
or its Parent or Subsidiary). In no event will an Option be exercisable after it
has expired.

The Optionee may pay the exercise price in any combination of cash or check
(acceptable to the Plan Administrator), Shares already owned for at least six
months (based on the Shares' Fair Market Value on the date the Option is
exercised), or in such other manner as the Plan Administrator may establish
including broker-assisted cashless exercises. Shares will not be issued until
full payment is received, and an Optionee will have no rights as a shareholder
under the Option until the Shares have been issued and the Optionee becomes a
holder of record.

9.    POST-TERMINATION EXERCISES

Subject to Section 17, the Agreement will specify the extent to which an Option
may be exercised following termination of employment or service relationship
with the Company or a Subsidiary, if at all. Regardless of the terms of the
Agreement, the Plan Administrator, in its discretion, may waive or modify such
provisions at any time. An Employee's transfer of employment or service
relationship between or among the Company and its Subsidiaries will not be
considered a termination of employment for purposes of the Plan.

                                       6

<PAGE>

10.   STOCK AWARDS

The Plan Administrator is authorized to make Stock Awards, which may be 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,
where such goals may be stated in absolute terms or relative to comparison
companies), as the Plan Administrator will determine, in its sole discretion,
which terms, conditions and restrictions will be set forth in the Agreement. The
terms, conditions and restrictions that the Plan Administrator will have the
power to determine will 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
will occur by reason of termination of the Employee's employment or service
relationship with the Company or a Subsidiary.

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

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 deems appropriate.

11.   NO RIGHT TO CONTINUED EMPLOYMENT OR SERVICE RELATIONSHIP

Receipt of an award under the Plan will not confer upon any award holder the
right to continued employment or service relationship at the Company or affect
in any way the right of the Company to terminate at will the employment or
service relationship of an award holder.

12.   RESTRICTIONS ON TRANSFERABILITY

No award granted under the Plan may be sold, given, transferred, assigned,
pledged or otherwise hypothecated in any manner other than back to the Company
or by will or the laws of descent and distribution, and any attempted transfer
in violation of these prohibitions will be void ab initio. All rights to Options
will be exercisable during the Optionee's lifetime only, by the Optionee or the
Optionee's guardian or legal representative. To the extent permitted by Section
422 of the Code, the Plan Administrator may permit further transferability, on a
general or specific basis, and may impose conditions and limitations on any
permitted transferability; provided, however, that 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 Plan Administrator will permit
transfers only to "family members" as defined in, and under the circumstances
permitted by, Rule 701(c) under the Securities Act.

                                       7

<PAGE>

13.   CONDITIONS UPON ISSUANCE OF SHARES

Shares will not be issued under an award unless the exercise of such award and
the issuance and delivery of such Shares will comply with all relevant
provisions of law, including, without limitation, the Securities Act, the
Exchange Act, the rules and regulations promulgated thereunder, and the
requirement of any stock exchange upon which the Shares may then be listed.

14.   TAXES

The Company will have the right to take whatever actions may be necessary to
satisfy any tax requirements attributable to any amount paid or Shares delivered
under the Plan. Shares withheld or surrendered to satisfy tax withholding will
be valued at Fair Market Value on the relevant date and may not exceed the
applicable minimum required tax withholding rate unless such Shares have been
already owned for at least six months.

15.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION AND MERGER

(a)   Subject to Section 4, 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 (i) the outstanding shares, or any securities exchanged
therefor or received in their place, being exchanged for a different number or
kind of securities of the Company or of any other corporation or (ii) 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 will make proportional adjustments in (A) the maximum number
and kind of securities issuable under the Plan and issuable as Incentive Stock
Options under the Plan and (B) the number and kind of securities that are
subject to any outstanding Option and the per share price of such securities,
without any change in the aggregate price to be paid therefor. Notwithstanding
the foregoing, a dissolution or liquidation of the Company or a Corporate
Transaction will not be governed by this Section 15(a) but will be governed by
Sections 15(b) and 15(c), respectively.

(b)   In the event of the proposed dissolution or liquidation of the Company,
outstanding Options will terminate immediately prior to the consummation of such
proposed action, and Stock Awards subject to a forfeiture provision will be
forfeited automatically immediately prior to the consummation of such proposed
action, unless otherwise provided by the Plan Administrator. The Plan
Administrator may, in the exercise of its discretion, declare that any Option
will terminate as of a date fixed by the Plan Administrator and give each
Optionee the right to exercise an Option in whole or in part. In addition, the
Plan Administrator may provide that any forfeiture provision or Company
repurchase right applicable to any award will lapse as to such number of Shares
as the Plan Administrator determines, contingent upon the occurrence of the
proposed dissolution or liquidation at the time and in the manner contemplated.

(c)   Except as otherwise provided in the instrument evidencing the award, in
the event of a Corporate Transaction, each Option will be (i) assumed or an
equivalent right for the purchase of shares of the capital stock of the
Successor

                                       8

<PAGE>

Corporation will be substituted by the Successor Corporation, which option or
right will vest in accordance with the same vesting schedule applicable to the
Option or (ii) replaced with a cash incentive program of the Successor
Corporation that preserves the spread existing at the time of the Corporate
Transaction and provides for subsequent payout in accordance with the same
vesting schedule applicable to the Option. The determination of comparability
will be made by the Plan Administrator, in its sole discretion. In the event the
Successor Corporation does not agree to assume, substitute for or replace the
Option, the Options held by an Optionee whose employment or service relationship
has not terminated will fully vest and become exercisable, and the Options will
terminate if not exercised at or prior to a time established by the Plan
Administrator at or following the occurrence of such event. With respect to any
other Options outstanding under the Plan, such Options will terminate if not
exercised at or prior to such event.

Except as otherwise provided in the instrument evidencing the award, in the
event of a Corporate Transaction, the vesting of Shares subject to Stock Awards
will accelerate, and the forfeiture provisions to which such Shares are subject
will lapse, if and to the same extent that the vesting of outstanding Options
accelerates in connection with the Corporate Transaction. If unvested Options
are to be assumed, continued, substituted or replaced by a Successor Corporation
without acceleration upon the occurrence of a Corporate Transaction, the
forfeiture provisions to which such Stock Awards are subject will continue with
respect to shares of the Successor Corporation that may be issued in exchange
for such shares.

16.   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 will
not sell, make any short sale of, loan, hypothecate, pledge, grant any option
for the purchase of, or otherwise dispose of or 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 will 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 will such period exceed 180 days.
The limitations of this paragraph will in all events terminate two years after
the effective date of the Company's initial public offering.

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, any new, substituted or additional securities distributed with
respect to the Shares issued pursuant to the Plan will be immediately subject to
the provisions of this Section 16, to the same extent the purchased shares are
at such time covered by such provisions.

17.   TERMINATION OF EMPLOYMENT PRIOR TO A TRIGGER EVENT

Notwithstanding the provisions of Section 9, any portion of an Option that is
not vested on the date of termination of the Optionee's employment with the
Company or a Subsidiary will expire

                                       9

<PAGE>

on such date. Unless otherwise determined by the Plan Administrator, if prior to
the occurrence of a Trigger Event an Optionee's employment with the Company or a
Subsidiary ceases for any reason other than termination because of the
Optionee's Disability or death, then all Options, whether vested or unvested,
held by such Optionee will be forfeited upon the date of such termination.

Until the occurrence of a Trigger Event, if an Optionee ceases to be employed by
the Company or a Subsidiary because of termination by reason of the Optionee's
Disability or death, then any portion of an Option that is vested on the date of
termination will become exercisable and will remain exercisable for the period
of time specified in the Agreement evidencing the Option. The Company will have
the right to repurchase all Shares acquired upon any exercise of the Option (the
"Purchased Shares"), at the Fair Market Value of the Purchased Shares on the
date of the repurchase from the Optionee and the Optionee will be required to
sell the Purchased Shares to the Company; provided, however, that such
repurchase right will first become exercisable no earlier than six months and
one day following the date the Purchased Shares were acquired by the Optionee
and will be exercisable after that date only during a Semi-Annual Exercise
Period. The Purchased Shares may not be sold, exchanged, or otherwise
transferred in any manner other than to the Company. The terms and conditions of
the repurchase obligation will be established by the Plan Administrator.

18.   REPURCHASE RIGHTS FOR UNVESTED SHARES

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

All the Company's outstanding repurchase rights under this Section 18 are
assignable by the Company at any time. Except as otherwise provided in the
instrument evidencing the award, in the event of a Corporate Transaction, the
Company's repurchase rights will automatically be assigned to the Successor
Corporation; provided, however, that such repurchase rights will automatically
lapse if and to the same extent that the vesting of outstanding Options
accelerates in connection with the Corporate Transaction.

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

                                       10

<PAGE>

19.   REPURCHASE, FIRST REFUSAL RIGHTS AND PUT RIGHTS

Notwithstanding any other provision of the Plan or an Agreement, if a Qualified
IPO or a Corporate Transaction other than a Related Party Transaction has not
occurred on or prior to July 1, 2005, from that date until the date of a
Qualified IPO,

(a)   all vested Shares issued pursuant to an award granted under the Plan
(whether issued before or after cessation of employment) will be subject to
repurchase by the Company, at the Company's sole discretion, at the Fair Market
Value of such shares on the date of such repurchase;

(b)   the Company will have the right of first refusal with respect to any
proposed sale or other disposition of any Shares issued pursuant to an award
granted under the Plan (whether issued before or after cessation of employment);

(c)   the Shares issued pursuant to an award granted under the Plan (whether
issued before or after cessation of employment) will be entitled to certain put
rights by the Optionee to compel the purchase of the Shares by the Company; and

(d)   such repurchase, first refusal and put rights will be exercisable in
accordance with the terms and conditions established by the Plan Administrator
and set forth in the agreement evidencing such right. Such rights may not be
exercised earlier than six months and one day following the date the Shares were
acquired by the holder, and may be exercised only during a Semi-Annual Exercise
Period.

20.   AMENDMENT AND TERMINATION

The Plan will be effective as of July 31, 2000. It will continue in effect until
July 31, 2010, unless terminated before then.

The Plan may be amended, suspended, or terminated in whole or in part at any
time and from time to time by the Board. No amendment will be effective unless
approved by shareholders of the Company, if the absence of such approval would
cause the Plan to fail to comply with Section 422 of the Code, or any other
requirement of an applicable law, regulation, or rule.

21.   CONSENT OF OPTIONEE

The amendment or termination of the Plan or the amendment of an outstanding
award will not, without the award holder's consent, impair or diminish any
rights or obligations under any award theretofore granted to the award holder
under the Plan. Any change or adjustment to an outstanding Incentive Stock
Option will not, without the consent of the Optionee, be made in a manner so as
to constitute a "modification" that would cause such Incentive Stock Option to
fail to continue to qualify as an Incentive Stock Option. Notwithstanding the
foregoing, any adjustments made pursuant to Section 15 will not be subject to
these restrictions.

                                       11

<PAGE>

22.   OPTIONEES IN FOREIGN COUNTRIES

The Plan Administrator may adopt such modifications, procedures, and subplans as
may be necessary or desirable to comply with provisions of the laws of foreign
countries in which Employees live or work to meet the objectives of the Plan.

23.   CHOICE OF LAW

The Plan and all determinations made and actions taken pursuant to the Plan, to
the extent not otherwise governed by the laws of the United States, will be
governed by the laws of the State of Washington without giving effect to
principles of conflicts of laws.

24.   APPENDIX PROVISIONS

Participants who are residents of the State of California will be subject to the
additional terms and conditions set forth in Appendix A to the Plan until such
time as the Common Stock becomes a "listed security" under the Securities ACT.

                                       12

<PAGE>

                                   APPENDIX A
                               TO THE AVANADE INC.
                            2000 STOCK INCENTIVE PLAN
                         (For California Residents Only)

This Appendix to the Avanade Inc. 2000 Stock Incentive Plan (the "Plan") will
have application only to Employees who are residents of the State of California.
Capitalized terms contained herein will have the same meanings given to them in
the Plan, unless otherwise provided in this Appendix. NOTWITHSTANDING ANY
PROVISION CONTAINED IN THE PLAN TO THE CONTRARY AND TO THE EXTENT REQUIRED BY
APPLICABLE LAW, THE FOLLOWING TERMS AND CONDITIONS WILL APPLY TO ALL AWARDS
GRANTED TO RESIDENTS OF THE STATE OF CALIFORNIA, UNTIL SUCH TIME AS THE COMMON
STOCK BECOMES A "LISTED SECURITY" UNDER THE SECURITIES ACT:

1.    Nonqualified Stock Options will have an exercise price that is not less
than 100% of the Fair Market Value of the Shares at the Grant Date, except that
the exercise price will be at least 110% of the Fair Market Value in the case of
any Employee who owns stock possessing more than 10% of the total combined
voting power of all classes of stock of the Company or its parent or subsidiary
corporations.

2.    The purchase price for any Stock Awards that may be purchased under the
Plan ("Stock Purchase Rights") shall be at least 85% of the Fair Market Value of
the Common Stock at the time the Employee is granted the Stock Purchase Right or
at the time the purchase is consummated. Notwithstanding the foregoing, the
purchase price shall be at least 100% of the Fair Market Value of the Common
Stock at the time the Employee is granted the Stock Purchase Right or at the
time the purchase is consummated in the case of any person who owns stock
possessing more than 10% of the total combined voting power of all classes of
stock of the Company or its parent or subsidiary corporations.

3.    Options will have a term of not more than ten years from the Grant Date.

4.    Awards will be nontransferable other than by will or the laws of descent
and distribution. Notwithstanding the foregoing, and to the extent permitted by
Section 422 of the Code, the Plan Administrator, in its discretion, may permit
distribution of an Option to an inter vivos or testamentary trust in which the
Option is to be passed to beneficiaries upon the death of the trustor (settlor),
or by gift to "immediate family" as that term is defined in Rule 16a-1(e) of the
Exchange Act.

5.    Options will become vested and exercisable at the rate of at least 20% per
year over five years from the date the Option is granted, subject to reasonable
conditions such as continued employment. However, in the case of an Option
granted to officers or directors of the Company or any of its affiliates, the
Option may become fully exercisable, subject to reasonable conditions such as
continued employment, at any time or during any period established by the
Company or any of its affiliates.

                                       1

<PAGE>

6.    Subject to Section 17, unless employment is terminated for cause, the
right to exercise an Option in the event of termination of employment, to the
extent that the Optionee is otherwise entitled to exercise an Option on the date
employment terminates, will be

      a.    at least six months from the date of termination of employment if
termination was caused by death or disability; and

      b.    at least 30 days from the date of termination of employment if
termination was caused by other than death or disability;

      c.    but in no event later than the remaining term of the Option.

7.    No award may be granted to a resident of California more than ten years
after the earlier of the date of adoption of the Plan and the date the Plan is
approved by the shareholders.

8.    Any award exercised before shareholder approval is obtained will be
rescinded if shareholder approval is not obtained within 12 months before or
after the Plan is adopted. Such shares will not be counted in determining
whether such approval is obtained.

9.    The Company will provide annual financial statements of the Company to
each California resident holding an outstanding award under the Plan. Such
financial statements need not be audited and need not be issued to key employees
whose duties at the Company assure them access to equivalent information.

10.   Subject to Sections 17 and 19, any right of repurchase on behalf of the
Company in the event of an Employee's termination of employment will be at a
purchase price that is (a) not less than the Fair Market Value of the Shares
upon termination of employment, and the right to repurchase will be exercised
for cash or cancellation of purchase money indebtedness for the Shares within 90
days of termination of employment (or in the case of Shares issued upon exercise
of Options after the date of termination, within 90 days after the date of the
exercise), and the right will terminate when the Company's securities become
publicly traded; or (b) at the original purchase price, provided that the right
to repurchase at the original purchase price lapses at the rate of at least 20%
of the shares per year over five years from the date the Option is granted
(without respect to the date the Option was exercised or became exercisable) and
the right to repurchase will be exercised for cash or cancellation of purchase
money indebtedness for the shares within 90 days of termination of employment
(or in the case of securities issued upon exercise of Options after the date of
termination, within 90 days after the date of the exercise). In addition to the
restrictions set forth in clauses (a) and (b), the securities held by an
officer, director or consultant of the Company or an affiliate of the Company
may be subject to additional or greater restrictions.

11.   Shares of common stock and similar equity securities should normally carry
equal voting rights on all matters where such vote is permitted by applicable
law.

                                       2

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