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                                                                   EXHIBIT 10.19

                        LA JOLLA PHARMACEUTICAL COMPANY
                           1994 STOCK INCENTIVE PLAN

                                   ARTICLE I
                               GENERAL PROVISIONS

     1.01    Purpose of the Plan.

     La Jolla Pharmaceutical Company (the "Company"), by action of its Board of
Directors and with the consent of its stockholders, has adopted this La Jolla
Pharmaceutical Company Stock Incentive Plan (the "Plan") effective as of June
10, 1994 to advance the interests of the Company and its stockholders by (a)
providing Eligible Persons with financial incentives to promote the success of
the Company's business objectives, and to increase their proprietary interest in
the success of the Company, and (b) giving the Company a means to attract and
retain directors of appropriate experience and stature.

     1.02    Definitions.

     Terms used herein and not otherwise defined shall have the meanings set
forth below:

     (a)        "Award" means an Incentive Award or a Nonemployee Director's
Option.

     (b)        "Board" means the Board of Directors of the Company.

     (c)        "Code" means the Internal Revenue Code of 1986, as amended.
Where the context so requires, a reference to a particular Code section shall
also refer to any successor provision of the Code to such section.

     (d)        "Commission" means the Securities and Exchange Commission.

     (e)        "Committee" means the committee appointed by the Board to
administer the Plan.  The Committee shall be composed entirely of members who
meet the requirements of Section 1.04(a).

     (f)        "Common Stock" means the common stock of the Company, $0.01 par
value.

     (g)        "Dividend Equivalent" means a right granted by the Company under
Section 2.07 to a holder of a Stock Option, Stock Appreciation Right, or other
Incentive Award denominated in shares of Common Stock to receive from the
Company during the Applicable Dividend Period (as defined in Section 2.07)
payments equivalent to the amount of dividends

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payable to holders of the number of shares of Common Stock underlying such Stock
Option, Stock Appreciation Right, or other Incentive Award.

     (h)        "Eligible Person" means any director, officer or key employee,
consultant, or advisor of the Company (as determined by the Committee) including
Nonemployee Directors and members of the Committee.

     (i)        "Exchange Act" means the Securities Exchange Act of 1934, as
amended. Where the context so requires, a reference to a particular section of
the Exchange Act or rule thereunder shall also refer to any successor provision
to such section or rule.

     (j)        "Fair Market Value" of capital stock of the Company shall be
determined with reference to the closing price of such stock on the day in
question (or, if such day is not a trading day in the U.S. securities markets,
on the nearest preceding trading day), as reported with respect to the principal
market or trading system on which such stock is then traded; or, if no such
closing prices are reported, the mean between the high bid and low asked prices
that day on the principal market or national quotation system on which such
shares are then quoted; provided, however, that when appropriate, the Committee
in determining Fair Market Value of capital stock of the Company may take into
account such other factors as may be deemed appropriate under the circumstances.
Notwithstanding the foregoing, the Fair Market Value of capital stock for
purposes of grants of Incentive Stock Options shall be determined in compliance
with applicable provisions of the Code.  The Fair Market Value of rights or
property other than capital stock of the Company means the fair market value
thereof as determined by the Committee on the basis of such factors as it may
deem appropriate.

     (k)        "Incentive Award" means any Stock Option, Restricted Stock,
Stock Appreciation Right, Stock Payment, Performance Award or Dividend
Equivalent granted or sold to an Eligible Person under this Plan, but not a
Nonemployee Director's Option.

     (l)        "Incentive Stock Option" means a Stock Option that qualifies as
an incentive stock option under Section 422 (or any successor section) of the
Code and the regulations thereunder.

     (m)        "Just Cause Dismissal" shall mean a termination of a Recipient's
employment for any of the following reasons:  (i) the Recipient violates any
reasonable rule or regulation of the Board or the Recipient's superiors or the
Chief Executive Officer or President of the Company that results in damage to
the Company or which, after written notice to do so, the Recipient fails to
correct within a reasonable time; (ii) any willful misconduct or gross
negligence by the Recipient in the responsibilities assigned to him or her;
(iii) any willful failure to perform his or her job as required to meet Company
objectives; (iv) any wrongful conduct of a Recipient which has an adverse impact
on the Company or which constitutes a misappropriation of Company assets; (v)
the Recipient's performing services for any other person or entity which
competes with the Company while he or she is employed by the Company, without
the written approval of the Chief Executive Officer or President of the Company;
or (vi) any other conduct that the Board or Committee determines constitutes
Just Cause for Dismissal.

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     (n)        "Nonemployee Director" means a director of the Company who
qualifies as a "Nonemployee Director" under Rule 16b-3 under the Exchange Act.

     (o)        "Nonemployee Director's Option" means a Stock Option granted to
a Nonemployee Director pursuant to Article III of the Plan.

     (p)        "Nonqualified Stock Option" means a Stock Option other than an
Incentive Stock Option.

     (q)        "Option" or "Stock Option" means a right to purchase stock of
the Company granted under this Plan, and can be an Incentive Stock Option or a
Nonqualified Stock Option.

     (r)        "Payment Event" means the event or events giving rise to the
right to payment of a Performance Award.

     (s)        "Performance Award" means an award, payable in cash, Common
Stock or a combination thereof, which vests and becomes payable over a period of
time upon attainment of performance criteria established in connection with the
grant of the award.

     (t)        "Performance-Based Compensation" means performance-based
compensation as described in Section 162(m) of the Code and the regulations
thereunder.  If the amount of compensation an Eligible Person will receive under
any Incentive Award is not based solely on an increase in the value of Common
Stock after the date of grant or award, the Committee, in order to qualify an
Incentive Award as performance-based compensation under Section 162(m) of the
Code and the regulations thereunder, can condition the grant, award, vesting, or
exercisability of such an award on the attainment of a preestablished, objective
performance goal.  For this purpose, a preestablished, objective performance
goal may include one or more of the following performance criteria: (i) cash
flow, (ii) earnings per share (including earnings before interest, taxes, and
amortization), (iii) return on equity, (iv) total stockholder return, (v) return
on capital, (vi) return on assets or net assets, (vii) income or net income,
(viii) operating margin, (ix) return on operating revenue, (x) attainment of
stated goals related to the Company's research and development or clinical
trials programs, (xi) attainment of stated goals related to the Company's
capitalization, costs, financial condition, or results of operations, and (xii)
any other similar performance criteria contemplated by the regulations under
Section 162(m).

     (u)        "Permanent Disability" shall mean that the Recipient becomes
physically or mentally incapacitated or disabled so that he or she is unable to
perform substantially the same services as he or she performed prior to
incurring such incapacity or disability (the Company, at its option and expense,
being entitled to retain a physician to confirm the existence of such incapacity
or disability, and the determination of such physician to be binding upon the
Company and the Recipient), and such incapacity or disability continues for a
period of three consecutive months or six months in any twelve-month period or
such other period(s) as may be determined by the Committee with respect to any
Option.

     (v)        "Purchase Price" means the purchase price (if any) to be paid by
a Recipient for Restricted Stock as determined by the Committee (which price
shall be at least

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equal to the minimum price required under applicable laws and regulations for
the issuance of Common Stock which is nontransferable and subject to a
substantial risk of forfeiture until specific conditions are met).

     (w)        "Recipient" means a person who has received an Award hereunder.

     (x)        "Restricted Stock" means Common Stock that is the subject of an
award made under Section 2.04 and which is nontransferable and subject to a
substantial risk of forfeiture until specific conditions are met as set forth in
this Plan and in any statement evidencing the grant of such Incentive Award.

     (y)        "Securities Act" means the Securities Act of 1933, as amended.

     (z)        "Stock Appreciation Right" or "SAR" means a right granted under
Section 2.05 to receive a payment that is measured with reference to the amount
by which the Fair Market Value of a specified number of shares of Common Stock
appreciates from a specified date, such as the date of grant of the SAR, to the
date of exercise.

     (aa)       "Stock Payment" means a payment in shares of the Company's
Common Stock to replace all or any portion of the compensation (other than base
salary) that would otherwise become payable to a Recipient.

1.03    Common Stock Subject to the Plan.

     (a)        Number of Shares.  Subject to Section 1.05(b), the maximum
number of shares of Common Stock that may be issued pursuant to Awards under the
Plan shall be 5,200,000.

     (b)        Source of Shares.  The Common Stock to be issued under this Plan
will be made available, at the discretion of the Board or the Committee, either
from authorized but unissued shares of Common Stock or from previously issued
shares of Common Stock reacquired by the Company, including shares purchased on
the open market.

     (c)        Availability of Unused Shares.  Shares of Common Stock subject
to unexercised portions of any Award granted under this Plan that expire,
terminate or are cancelled, and shares of Common Stock issued pursuant to an
Award under this Plan that are reacquired by the Company pursuant to the terms
of the Award under which such shares were issued, will again become available
for the grant of further Awards under this Plan.

     (d)        Grant Limits.  Notwithstanding any other provision of this Plan,
no Eligible Person shall be granted Awards with respect to more than 600,000
shares of Common Stock in any one calendar year; provided, however, that this
limitation shall not apply if it is not required in order for the compensation
attributable to Incentive Awards hereunder to qualify as Performance-Based
Compensation.  The limitation set forth in this Section 1.03(d) shall be subject
to adjustment as provided in Section 1.05(b), but only to the extent such
adjustment would not affect the status of compensation attributable to Awards
hereunder as Performance-Based Compensation.

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     1.04    Administration of the Plan.

     (a)        The Committee.  The Plan will be administered by the Committee,
which will consist of two or more members of the Board each of whom must be a
Nonemployee Director; provided, however, that the number of members of the
Committee may be reduced or increased from time to time by the Board.  In
addition, if Awards are to be made to persons subject to Section 162(m) of the
Code and such awards are intended to constitute Performance-Based Compensation,
then each of the Committee's members must also be an "outside director," as such
term is defined in the regulations under Section 162(m) of the Code.
Notwithstanding the foregoing or any provision of the Plan to the contrary, the
Board may, in lieu of the Committee, exercise any authority granted to the
Committee pursuant to the provisions of the Plan.

     (b)        Authority of the Committee.  The Committee has authority in its
discretion to select the Eligible Persons to whom, and the time or times at
which, Incentive Awards shall be granted or sold, the nature of each Incentive
Award, the number of shares of Common Stock or the number of rights that make up
or underlie each Incentive Award, the period for the exercise of each Incentive
Award, the performance criteria (which need not be identical) utilized to
measure the value of Performance Awards, and such other terms and conditions
applicable to each individual Incentive Award as the Committee shall determine.
The Committee may grant at any time new Incentive Awards to an Eligible Person
who has previously received Incentive Awards or other grants (including other
stock options) whether such prior Incentive Awards or such other grants are
still outstanding, have previously been exercised in whole or in part, or are
cancelled in connection with the issuance of new Incentive Awards.  The
Committee may grant Incentive Awards singly or in combination or in tandem with
other Incentive Awards as it determines in its discretion.  The purchase price
or initial value and any and all other terms and conditions of the Incentive
Awards may be established by the Committee without regard to existing Incentive
Awards or other grants.  Further, the Committee may, with the consent of an
Eligible Person, amend in a manner not inconsistent with the Plan the terms of
any existing Incentive Award previously granted to such Eligible Person,
provided that neither the Board nor the Committee shall reduce the Exercise
Price of any outstanding Option without stockholder approval.

     (c)        Plan Interpretation.  Subject to the express provisions of the
Plan, the Committee has the authority to interpret the Plan and any agreements
defining the rights and obligations of the Company and Recipients, to determine
the terms and conditions of Incentive Awards and to make all other
determinations necessary or advisable for the administration of the Plan.  The
Committee has authority to prescribe, amend and rescind rules and regulations
relating to the Plan.  All interpretations, determinations and actions by the
Committee shall be final, conclusive and binding upon all parties.  Any action
of the Committee with respect to the administration of the Plan shall be taken
pursuant to a majority vote or by the unanimous written consent of its members.

     (d)        Special Rules Regarding Article III.  Notwithstanding anything
herein to the contrary, the Committee shall have no authority or discretion as
to the selection of persons eligible to receive Nonemployee Directors' Options
granted under the Plan, the number of shares covered by Nonemployee Directors'
Options granted under the Plan, the timing of such grants, or

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the exercise price of Nonemployee Directors' Options granted under the Plan,
which matters are specifically governed by the provisions of the Plan.

     (e)        No Liability.  No member of the Board or the Committee or any
designee thereof will be liable for any action or determination made in good
faith by the Board or the Committee with respect to the Plan or any transaction
arising under the Plan.

     1.05    Other Provisions.

     (a)        Documentation.  Each Award granted under the Plan shall be
evidenced by an award agreement duly executed on behalf of the Company and by
the Recipient or, in the Committee's discretion, a confirming memorandum issued
by the Company to the Recipient (in either case an "Award Document") evidencing
the Award and setting forth such terms and conditions applicable to the Award as
the Committee may in its discretion determine consistent with the Plan, provided
that the Committee shall exercise no discretion with respect to Nonemployee
Directors' Options, which shall reflect only the terms of the Award as set forth
in Article III and certain administrative matters dictated by the Plan.  Award
Documents shall comply with and be subject to the terms and conditions of the
Plan.  A copy of the Plan shall be delivered to each Award Recipient together
with the Award Document, and shall constitute a part thereof. In case of any
conflict between the Plan and any Award Document, the Plan shall control.
Various Award Documents covering the same types of Awards may but need not be
identical.

     (b)        Adjustment Provisions.

     If (1) the outstanding shares of Common Stock of the Company are increased,
decreased or exchanged for a different number or kind of shares or other
securities, or if additional shares or new or different shares or other
securities are distributed in respect of such shares of Common Stock (or any
stock or securities received with respect to such Common Stock), through merger,
consolidation, sale or exchange of all or substantially all of the properties of
the Company, reorganization, recapitalization, reclassification, stock dividend,
stock split, reverse stock split, spin-off or other distribution with respect to
such shares of Common Stock (or any stock or securities received with respect to
such Common Stock), or (2) the value of the outstanding shares of Common Stock
of the Company is reduced by reason of an extraordinary cash dividend, an
appropriate and proportionate adjustment may be made in (x) the maximum number
and kind of shares subject to the Plan as provided in Section 1.03, (y) the
number and kind of shares or other securities subject to then outstanding
Awards, and (z) the price for each share or other unit of any other securities
subject to then outstanding Awards.  No fractional interests will be issued
under the Plan resulting from any such adjustments.

     (c)        Continuation of Employment.

        (i)    Nothing contained in this Plan (or in Award Documents or in any
other documents related to this Plan or to Awards granted hereunder) shall
confer upon any Eligible Person or Recipient any right to continue in the employ
of the Company or constitute any contract or agreement of employment or
engagement, or interfere in any way with the right of the Company to reduce such
person's compensation or other benefits or to terminate the

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employment of such Eligible Person or Recipient, with or without cause.  Except
as expressly provided in the Plan or in any statement evidencing the grant of an
Award pursuant to the Plan, the Company shall have the right to deal with each
Recipient in the same manner as if the Plan and any such statement evidencing
the grant of an Award pursuant to the Plan did not exist, including, without
limitation, with respect to all matters related to the hiring, discharge,
compensation and conditions of the employment or engagement of the Recipient.

        (ii)      Any question(s) as to whether and when there has been a
termination of a Recipient's employment, the reason (if any) for such
termination, and/or the consequences thereof under the terms of the Plan or any
statement evidencing the grant of an Award pursuant to the Plan shall be
determined by the Committee and the Committee's determination thereof shall be
final and binding.

     (d)        Restrictions.  All Awards granted under the Plan shall be
subject to the requirement that, if at any time the Company shall determine, in
its discretion, that the listing, registration or qualification of the shares
subject to Awards granted under the Plan upon any securities exchange or under
any state or federal law, or the consent or approval of any government
regulatory body, is necessary or desirable as a condition of, or in connection
with, the granting of such an Award or the issuance, if any, or purchase of
shares in connection therewith, such Award may not be exercised in whole or in
part unless such listing, registration, qualification, consent or approval shall
have been effected or obtained free of any conditions not acceptable to the
Company.  Unless the shares of stock to be issued upon exercise of an Award
granted under the Plan have been effectively registered under the Securities
Act, the Company shall be under no obligation to issue any shares of stock
covered by any Award unless the person who exercises such Award, in whole or in
part, shall give a written representation and undertaking to the Company
satisfactory in form and scope to counsel to the Company and upon which, in the
opinion of such counsel, the Company may reasonably rely, that he or she is
acquiring the shares of stock issued to him or her pursuant to such exercise of
the Award for his or her own account as an investment and not with a view to, or
for sale in connection with, the distribution of any such shares of stock, and
that he or she will make no transfer of the same except in compliance with any
rules and regulations in force at the time of such transfer under the Securities
Act, or any other applicable law, and that if shares of stock are issued without
such registration, a legend to this effect may be endorsed upon the securities
so issued.

     (e)        Additional Conditions.  Any Incentive Award may also be subject
to such other provisions (whether or not applicable to any other Award or
Recipient) as the Committee determines appropriate including, without
limitation, provisions to assist the Recipient in financing the purchase of
Common Stock through the exercise of Stock Options, provisions for the
forfeiture of or restrictions on resale or other disposition of shares of Common
Stock acquired under any form of benefit, provisions giving the Company the
right to repurchase shares of Common Stock acquired under any form of benefit in
the event the Recipient elects to dispose of such shares, and provisions to
comply with federal and state securities laws and federal and state income tax
withholding requirements.

     (f)        Privileges of Stock Ownership.  Except as otherwise set forth
herein, a Recipient or a permitted transferee of an Award shall have no rights
as a shareholder with respect

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to any shares issuable or issued in connection with the Award until the date of
the receipt by the Company of all amounts payable in connection with exercise of
the Award and performance by the Recipient of all obligations thereunder. Status
as an Eligible Person shall not be construed as a commitment that any Award will
be granted under this Plan to an Eligible Person or to Eligible Persons
generally.  No person shall have any right, title or interest in any fund or in
any specific asset (including shares of capital stock) of the Company by reason
of any Award granted hereunder.  Neither this Plan (or any documents related
hereto) nor any action taken pursuant hereto shall be construed to create a
trust of any kind or a fiduciary relationship between the Company and any
person.  To the extent that any person acquires a right to receive an Award
hereunder, such right shall be no greater than the right of any unsecured
general creditor of the Company.

     (g)        Amendment and Termination of Plan: Amendment of Incentive
Awards.

        (i)    The Board or the Committee may, insofar as permitted by law, from
time to time suspend or discontinue the Plan or revise or amend it in any
respect except that no such amendment shall alter or impair or diminish any
rights or obligations under any Award theretofore granted under the Plan without
the consent of the person to whom such Award was granted , and except that such
amendments shall be subject to stockholder approval to the extent (A) required
to comply with the listing requirements imposed by any exchange or trading
system upon which the Company's securities trade or applicable provisions of or
rules under the Code, or (B) the Board determines in good faith that such
amendments are material to stockholders.

        (ii)      The Committee may from time to time, with the consent of a
Recipient, make such modifications in the terms and conditions of an Incentive
Award as it deems advisable, including to accelerate or extend the vesting or
exercise period of any Incentive Award, provided that performance conditions to
vesting of Restricted Stock shall not be waived, and provided further that
neither the Board nor the Committee shall reduce the Exercise Price of any
outstanding Option without stockholder approval.

        (iii)     Except as otherwise provided in this Plan or in the applicable
Award Document, no amendment, suspension or termination of the Plan will,
without the consent of the Recipient, alter, terminate, impair or adversely
affect any right or obligation under any Award previously granted under the
Plan.

     (h)        Nonassignability.  No Award granted under the Plan shall be
assignable or transferable except (i) by will or by the laws of descent and
distribution, or (ii) subject to the final sentence of this subsection (h), upon
dissolution of marriage pursuant to a qualified domestic relations order or, in
the discretion of the Committee and under circumstances that would not adversely
affect the interests of the Company.  During the lifetime of a Recipient, an
Award granted to him or her shall be exercisable only by the Recipient (or the
Recipient's permitted transferee) or his or her guardian or legal
representative.  Notwithstanding the foregoing, Incentive Stock Options (or
other Awards subject to transfer restrictions under the Code) may not be
assigned or transferred in violation of Section 422(b)(5) of the Code (or any
comparable or successor provision) or the Treasury Regulations thereunder, and
nothing herein is intended to allow such assignment or transfer.

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     (i)        Other Compensation Plans.  The adoption of the Plan shall not
affect any other stock option, incentive or other compensation plans in effect
for the Company, and the Plan shall not preclude the Company from establishing
any other forms of incentive or other compensation for employees, directors, or
advisors of the Company.

     (j)        Plan Binding on Successors.  The Plan shall be binding upon the
successors and assigns of the Company.

     (k)        Participation By Foreign Employees.  Notwithstanding anything to
the contrary herein, the Committee may, in order to fulfill the purposes of the
Plan, modify grants of Incentive Awards to Recipients who are foreign nationals
or employed outside of the United States to recognize differences in applicable
law, tax policy or local custom.

     (l)        Effective Date And Duration of Plan.  Awards may be granted
under the Plan until the tenth anniversary of the effective date of the Plan,
whereupon the Plan shall terminate.  No Awards may be granted during any
suspension of this Plan or after its termination.  Notwithstanding the
foregoing, each Award properly granted under the Plan shall remain in effect
until such Award has been exercised or terminated in accordance with its terms
and the terms of the Plan.

                                   ARTICLE II
                                INCENTIVE AWARDS

     2.01       Grants of Incentive Awards.  Subject to the express provisions
of this Plan, the Committee may from time to time in its discretion select from
the class of Eligible Persons those individuals to whom Incentive Awards may be
granted pursuant to its authority as set forth in Section 1.04(b).  Each
Incentive Award shall be subject to the terms and conditions of the Plan and
such other terms and conditions established by the Committee as are not
inconsistent with the purpose and provisions of the Plan.  One or more Incentive
Awards may be granted to any Eligible Person.

     2.02       Stock Options.

     (a)        Nature of Stock Options.  Stock Options may be Incentive Stock
Options or Nonqualified Stock Options.

     (b)        Option Price.  The exercise price per share for each Option
(other than a Nonemployee Director's Option) (the "Exercise Price") shall be
determined by the Committee at the date such Option is granted and shall not be
less than the Fair Market Value of a share of Common Stock (or other securities,
as applicable) at the time of grant, except that the Exercise Price for a
Nonqualified Stock Option may reflect a discount of up to 15% of the Fair Market
Value at the time of grant if the amount of such discount is expressly in lieu
of a reasonable amount of salary or cash bonus.  Notwithstanding the foregoing,
however, in no event shall the exercise price be less than the par value of the
shares of Common Stock subject to the Option, and the exercise price of an
Incentive Stock Option shall be not less than such amount as is necessary to
enable such Option to be treated as an "incentive stock option" within the
meaning of Section 422 of the Code.

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     (c)        Option Period and Vesting.  Options (other than Nonemployee
Directors' Options) hereunder shall vest and may be exercised as determined by
the Committee, except that exercise of such Options after termination of the
Recipient's employment shall be subject to Section 2.02(g).  Each Option granted
hereunder (other than a Nonemployee Directors Option) and all rights or
obligations thereunder shall expire on such date as shall be determined by the
Committee, but not later than ten years after the date the Option is granted and
shall be subject to earlier termination as herein provided.  The Committee may
in its discretion at any time and from time to time after the grant of an Option
(other than a Nonemployee Director's Option) accelerate vesting of such Option
in whole or part by increasing the number of shares then purchasable, provided
that the total number of shares subject to such Option may not be increased.

     (d)        Exercise of Options.  Except as otherwise provided herein, an
Option may become exercisable, in whole or in part, on the date or dates
specified by the Committee (or, in the case of Nonemployee Directors' Options,
the Plan) at the time the Option is granted and thereafter shall remain
exercisable until the expiration or earlier termination of the Option.  No
Option shall be exercisable except in respect of whole shares, and fractional
share interests shall be disregarded.  Not less than 100 shares of stock (or
such other amount as is set forth in the applicable option agreement) may be
purchased at one time unless the number purchased is the total number at the
time available for purchase under the terms of the Option.  An Option shall be
deemed to be exercised when the Secretary of the Company receives written notice
of such exercise from the Recipient, together with payment of the exercise price
made in accordance with Section 2.02(e).  Upon proper exercise, the Company
shall deliver to the person entitled to exercise the Option or his or her
designee a certificate or certificates for the shares of stock for which the
Option is exercised. Notwithstanding any other provision of this Plan, the
Committee may impose, by rule and in option agreements, such conditions upon the
exercise of Options (including, without limitation, conditions limiting the time
of exercise to specified periods) as may be required to satisfy applicable
regulatory requirements, including without limitation Rule 16b-3 (or any
successor rule) under the Exchange Act and any applicable section of or rule
under the Internal Revenue Code.

     (e)        Exercise Price.  The Exercise Price shall be payable upon the
exercise of an Option by delivery of legal tender of the United States or
payment of such other consideration as the Committee may from time to time deem
acceptable in any particular instance, including without limitation delivery of
capital stock of the Company (delivered by or on behalf of the person exercising
the Option or retained by the Company from the Common Stock otherwise issuable
upon exercise and valued at Fair Market Value as of the exercise date) or
surrender of other Awards previously granted to the Recipient exercising the
Option; provided, however, that the Committee may, in the exercise of its
discretion, (i) allow exercise of an Option in a broker-assisted or similar
transaction in which the Exercise Price is not received by the Company until
immediately after exercise, and/or (ii) allow the Company to loan the Exercise
Price to the person entitled to exercise the Option, if the exercise will be
followed by an immediate sale of some or all of the underlying shares and a
portion of the sales proceeds is dedicated to full payment of the Exercise
Price.  Any shares of Company stock or other non-cash consideration assigned and
delivered to the Company in payment or partial payment of the Exercise Price
will be valued at Fair Market Value on the exercise date.  No fractional shares
will be issued pursuant to the exercise of an Option.

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     (f)        Limitation on Exercise of Incentive Stock Options.  The
aggregate Fair Market Value (determined as of the respective date or dates of
grant) of the Common Stock for which one or more options granted to any
Recipient under the Plan (or any other option plan of the Company or any of its
subsidiaries or affiliates) may for the first time become exercisable as
Incentive Stock Options under the federal tax laws during any one calendar year
shall not exceed $100,000.  Any Options granted as Incentive Stock Options
pursuant to the Plan in excess of such limitation shall be treated as
Nonqualified Stock Options.

     (g)        Termination of Employment.

        (i)    Termination for Cause.  Except as otherwise provided in a written
agreement between the Company and the Recipient, which may be entered into at
any time before or after termination, in the event of a Just Cause Dismissal of
a Recipient all of the Recipient's unexercised Options, whether or not vested,
shall expire and become unexercisable as of the date of such Just Cause
Dismissal.

        (ii)   Termination other than for Cause.  Subject to subsection (i)
above and subsection (iii) below, and except as otherwise provided in a written
agreement between the Company and the Recipient, which may be entered into at
any time before or after termination, in the event of a Recipient's termination
of employment for:

           (A)   any reason other than for Just Cause Dismissal, death, or
Permanent Disability, or normal retirement, the Recipient's Options shall,
whether or not vested, expire and become unexercisable as of the earlier of (1)
the date such Options would expire in accordance with their terms if the
Recipient remained employed or (2) three calendar months after the date of
termination in the case of Incentive Stock Options, or six months after the date
of termination, in the case of Nonqualified Stock Options.

           (B)death or Permanent Disability, the Recipient's unexercised Options
shall, whether or not vested, expire and become unexercisable as of the earlier
of (1) the date such Options would expire in accordance with their terms if the
Recipient remained employed or (2) twelve (12) months after the date of
termination.

           (C)   normal retirement, the Recipient's  unexercised Options shall,
whether or not vested, expire and become unexercisable as of the earlier of (A)
the date such Options expire in accordance with their terms or (B) twenty-four
(24) months after the date of retirement.

        (iii)  Alteration of Exercise Periods.  Notwithstanding anything to the
contrary in subsections (i) or (ii) above, the Committee may in its discretion
designate such shorter or longer periods to exercise Options (other than
Nonemployee Directors' Options) following a Recipient's termination of
employment; provided, however, that any shorter periods determined by the
Committee shall be effective only if provided for in the instrument that
evidences the grant to the Recipient of such Options or if such shorter period
is agreed to in writing by the Recipient.  Notwithstanding anything to the
contrary herein, Options shall be exercisable by a Recipient (or his successor
in interest) following such Recipient's termination of

                                       11
<PAGE>
employment only to the extent that installments thereof had become exercisable
on or prior to the date of such termination; provided, however, that the
Committee, in its discretion, may elect to accelerate the vesting of all or any
portion of any Options that had not become exercisable on or prior to the date
of such termination.

     2.03       Performance Awards.

     (a)        Grant of Performance Award.  The Committee shall determine the
performance criteria (which need not be identical and may be established on an
individual or group basis) governing Performance Awards, the terms thereof, and
the form and time of payment of Performance Awards.

     (b)        Payment of Award; Limitation.   Upon satisfaction of the
conditions applicable to a Performance Award, payment will be made to the
Recipient in cash or in shares of Common Stock valued at Fair Market Value or a
combination of Common Stock and cash, as the Committee in its discretion may
determine. Notwithstanding any other provision of this Plan, no Eligible Person
shall be paid a Performance Award in excess of $1,000,000 in any one calendar
year; provided, however, that this limitation shall not apply if it is not
required in order for the compensation attributable to the Performance Award
hereunder to qualify as Performance-Based Compensation.

     (c)        Expiration of Performance Award.  If any Recipient's employment
with the Company is terminated for any reason other than normal retirement,
death, or Permanent Disability prior to the time a Performance Award or any
portion thereof becomes payable, all of the Recipient's rights under the unpaid
portion of the Performance Award shall expire and terminate unless otherwise
determined by the Committee.  In the event of termination of employment by
reason of death, Permanent Disability or normal retirement, the Committee, in
its discretion, may determine what portions, if any, of the Performance Award
should be paid to the Recipient.

     2.04       Restricted Stock.

     (a)        Award of Restricted Stock.  The Committee may grant awards of
Restricted Stock to Eligible Participants.  The Committee shall determine the
Purchase Price (if any), the terms of payment of the Purchase Price, the
restrictions upon the Restricted Stock, and when such restrictions shall lapse,
provided that the restriction period shall be at least one year for
performance-based grants and three years for non-performance-based grants.

     (b)        Requirements of Restricted Stock.  All shares of Restricted
Stock granted or sold pursuant to the Plan will be subject to the following
conditions:

        (i)    No Transfer.  The shares may not be sold, assigned, transferred,
pledged, hypothecated or otherwise disposed of, alienated or encumbered until
the restrictions are removed or expire;

        (ii)   Certificates.  The Committee may require that the certificates
representing Restricted Stock granted or sold to a Recipient pursuant to the
Plan remain in the physical custody of an escrow holder or the Company until all
restrictions are removed or expire;

                                       12
<PAGE>
       (iii)Restrictive Legends.  Each certificate representing Restricted Stock
granted or sold to a Recipient pursuant to the Plan will bear such legend or
legends making reference to the restrictions imposed upon such Restricted Stock
as the Committee in its discretion deems necessary or appropriate to enforce
such restrictions; and

       (iv)      Other Restrictions.  The Committee may impose such other
conditions on Restricted Stock as the Committee may deem advisable including,
without limitation, restrictions under the Securities Act, under the Exchange
Act, under the requirements of any stock exchange upon which such Restricted
Stock or shares of the same class are then listed and under any blue sky or
other securities laws applicable to such shares.

     (c)        Rights of Recipient.  Subject to the provisions of Section
2.04(b) and any restrictions imposed upon the Restricted Stock, the Recipient
will have all rights of a stockholder with respect to the Restricted Stock
granted or sold to such Recipient under the Plan, including the right to vote
the shares and receive all dividends and other distributions paid or made with
respect thereto.

     (d)        Termination of Employment.  Unless the Committee in its
discretion determines otherwise, upon a Recipient's termination of employment
for any reason, all of the Recipient's Restricted Stock remaining subject to
restrictions imposed pursuant to the Plan on the date of such termination of
employment shall be repurchased by the Company at the Purchase Price (if any).

     2.05       Stock Appreciation Rights.

     (a)        Granting of Stock Appreciation Rights.  The Committee may
approve the grant to Eligible Persons of Stock Appreciation Rights, related or
unrelated to Options, at any time.

     (b)        SARs Related to Options.

        (i)  A Stock Appreciation Right granted in connection with an Option
granted under this Plan will entitle the holder of the related Option, upon
exercise of the Stock Appreciation Right, to surrender such Option, or any
portion thereof to the extent unexercised, with respect to the number of shares
as to which such Stock Appreciation Right is exercised, and to receive payment
of an amount computed pursuant to Section 2.05(b)(iii).  Such Option will, to
the extent surrendered, then cease to be exercisable.

        (ii)     A Stock Appreciation Right granted in connection with an Option
hereunder will be exercisable at such time or times, and only to the extent
that, the related Option is exercisable, and will not be transferable except to
the extent that such related Option may be transferable.

        (iii)  Upon the exercise of a Stock Appreciation Right related to an
Option, the Holder will be entitled to receive payment of an amount determined
by multiplying: (i) the difference obtained by subtracting the Exercise Price of
a share of Common Stock specified in the related Option from the Fair Market
Value of a share of Common Stock on the date of exercise of such Stock
Appreciation Right (or as of such other date or as of the occurrence of

                                       13
<PAGE>
such event as may have been specified in the instrument evidencing the grant of
the Stock Appreciation Right), by (ii) the number of shares as to which such
Stock Appreciation Right is exercised.

     (c)        SARs Unrelated to Options.  The Committee may grant Stock
Appreciation Rights unrelated to Options to Eligible Persons.  Section
2.05(b)(iii) shall be used to determine the amount payable at exercise under
such Stock Appreciation Right, except that in lieu of the Option Exercise Price
specified in the related Option the initial base amount specified in the
Incentive Award shall be used.

     (d)        Limits.  Notwithstanding the foregoing, the Committee, in its
discretion, may place a dollar limitation on the maximum amount that will be
payable upon the exercise of a Stock Appreciation Right under the Plan.

     (e)        Payments.  Payment of the amount determined under the foregoing
provisions may be made solely in whole shares of Common Stock valued at their
Fair Market Value on the date of exercise of the Stock Appreciation Right or,
alternatively, at the sole discretion of the Committee, in cash or in a
combination of cash and shares of Common Stock as the Committee deems advisable.
The Committee has full discretion to determine the form in which payment of a
Stock Appreciation Right will be made and to consent to or disapprove the
election of a Recipient to receive cash in full or partial settlement of a Stock
Appreciation Right.  If the Committee decides to make full payment in shares of
Common Stock, and the amount payable results in a fractional share, payment for
the fractional share will be made in cash.

     (f)        Rule 16b-3.  The Committee may, at the time a Stock Appreciation
Right is granted, impose such conditions on the exercise of the Stock
Appreciation Right as may be required to satisfy the requirements of Rule 16b-3
under the Exchange Act (or any other comparable provisions in effect at the time
or times in question).

     (g)        Termination of Employment.  Section 2.02(g) will govern the
treatment of Stock Appreciation Rights upon the termination of a Recipient's
employment with the Company.

     2.06       Stock Payments.

     The Committee may approve Stock Payments of the Company's Common Stock to
any Eligible Person for all or any portion of the compensation (other than base
salary) or other payment that would otherwise become payable by the Company to
the Eligible Person in cash.

     2.07       Dividend Equivalents.

     The Committee may grant Dividend Equivalents to any Recipient who has
received a Stock Option, SAR, or other Incentive Award denominated in shares of
Common Stock.  Such Dividend Equivalents shall be effective and shall entitle
the recipients thereof to payments during the "Applicable Dividend Period,"
which shall be (i) the period between the date the Dividend Equivalent is
granted and the date the related Stock Option, SAR, or other Incentive Award is
exercised, terminates, or is converted to Common Stock, or (ii) such other time
as the Committee may specify in the written instrument evidencing the grant of
the Dividend Equivalent. Dividend Equivalents may be paid in cash, Common Stock,
or other

                                       14
<PAGE>
Incentive Awards; the amount of Dividend Equivalents paid other than in cash
shall be determined by the Committee by application of such formula as the
Committee may deem appropriate to translate the cash value of dividends paid to
the alternative form of payment of the Dividend Equivalent.  Dividend
Equivalents shall be computed as of each dividend record date and shall be
payable to recipients thereof at such time as the Committee may determine.
Notwithstanding the foregoing, if it is intended that an Incentive Award qualify
as Performance-Based Compensation and the amount of the compensation the
Eligible Person could receive under the award is based solely on an increase in
value of the underlying stock after the date of grant or award (i.e., the grant,
vesting, or exercisability of the award is not conditioned upon the attainment
of a preestablished, objective performance goal described in Section 1.02(t)),
then the payment of any Dividend Equivalents related to the award shall not be
made contingent on the exercise of the award.

                                  ARTICLE III
                         NONEMPLOYEE DIRECTOR'S OPTIONS

     3.01       Grants of Initial Options.

     Each Nonemployee Director shall, upon first becoming a Nonemployee
Director, receive a one-time grant of a Nonemployee Director's Option to
purchase up to 40,000 shares of the Company's Common Stock at an exercise price
per share equal to the Fair Market Value of the Company's Common Stock on the
date of grant, subject to (i) vesting as set forth in Section 3.04, and (ii)
adjustment as set forth in Section 1.05(b).  Options granted under this Section
3.01 are "Initial Options" for purposes hereof.

     3.02       Grants of Additional Options.

     Immediately following the annual meeting of stockholders of the Company
next following a Nonemployee Director becoming such, and immediately following
each subsequent annual meeting of stockholders of the Company, in each case if
the Nonemployee Director has served as a director since his or her election or
appointment and has been re-elected as a director at such annual meeting or is
continuing as a director without being re-elected due to the classification of
the Board, such Nonemployee Director shall automatically receive an option to
purchase up to 10,000 shares of the Company's Common Stock at an exercise price
per share equal to the Fair Market Value of the Company's Common Stock on the
date of grant, subject to (a) vesting as set forth in Section 3.04, and (b)
adjustment as set forth in Section 1.05(b).  Options granted under this Section
3.02 are "Additional Options" for purposes hereof.

     3.03       Exercise Price.

     The exercise price for Nonemployee Directors' Options shall be payable as
set forth in Section 2.02(e).  Neither the Board nor the Committee shall reduce
the exercise price of any outstanding Initial Option or Additional Option
without stockholder approval.

     3.04       Vesting and Exercise.

     Initial Options shall vest and become exercisable with respect to 25% of
the underlying shares on the grant date and with respect to an additional 25% of
the underlying

                                       15
<PAGE>
shares on the dates of each of the first three annual meetings of the Company's
stockholders following the grant date, but only if on the date of each such
annual meeting, the Recipient is continuing as a director of the Company for the
ensuing year, provided, however, that if the grant date is within six months of
the ensuing annual meeting of the Company's stockholders, then after vesting of
the Option with respect to 25% of the underlying shares on the grant date, the
Option will vest with respect to an additional 25% of the underlying shares on
the dates of each of the second, third, and fourth annual meetings of the
Company's stockholders following the grant date, but only if, on the date of
each such annual meeting, the Recipient is continuing as a director for the
ensuing year.  Additional Options shall vest and become exercisable upon the
earlier of (a) the first anniversary of the grant date or (b) immediately prior
to the annual meeting of stockholders of the Company next following the grant
date, if the optionee has remained a director for the entire period from the
date of grant to such earlier date.  Notwithstanding the foregoing, however,
Initial Options and Additional Options that have not vested and become
exercisable at the time the optionee ceases to be a director shall terminate.

     3.05       Term of Options and Effect of Termination.

     No Nonemployee Directors' Option shall be exercisable after the expiration
of ten years from the effective date of its grant.  In the event that the
Recipient of a Nonemployee Director's Option shall cease to be a director of the
Company, all Nonemployee Directors' Options granted to such Recipient shall be
exercisable, to the extent already exercisable at the date such Recipient ceases
to be a director and regardless of the reason the Recipient ceases to be a
director, for a period of five (5) years after that date (or, if sooner, until
the expiration of the option according to its terms).  In the event of the death
of a Recipient of a Nonemployee Director's Option while such Recipient is a
director of the Company or within the period after termination of such status
during which he or she is permitted to exercise such Option, such Option may be
exercised by any person or persons designated by the Recipient on a Beneficiary
Designation Form adopted by the Company for such purpose or, if there is no
effective Beneficiary Designation Form on file with the Company, by the
executors or administrators of the Recipient's estate or by any person or
persons who shall have acquired the option directly from the Recipient by his or
her will or the applicable laws of descent and distribution.

                                   ARTICLE IV
                     RECAPITALIZATIONS AND REORGANIZATIONS

     4.01       Corporate Transactions.

     If the Company shall be the surviving corporation in any merger or
consolidation, each outstanding Option shall pertain and apply to the securities
to which a holder of the same number of shares of Common Stock that are subject
to that Option would have been entitled.  In the event of a Change in Control
(as defined below), all Nonemployee Directors' Options and any Incentive Awards
specified by the Committee or the Board shall immediately vest and become
exercisable, and all conditions thereto shall be deemed to have been met.  For
purposes hereof, a "Change in Control" means the following and shall be deemed
to occur if any of the following events occur:

                                       16
<PAGE>
     (i) Except as provided by subsection (iii) hereof, the acquisition (other
than from the Company) by any person, entity or "group," within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act (excluding, for this purpose,
the Company or its subsidiaries, or any employee benefit plan of the Company or
its subsidiaries which acquires beneficial ownership of voting securities of the
Company), of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of forty percent (40%) or more of either the then
outstanding shares of Common Stock or the combined voting power of the Company's
then outstanding voting securities entitled to vote generally in the election of
directors; or

     (ii) Individuals who, as of the effective date of the Plan, constitute the
Board of Directors of the Company (the "Incumbent Board") cease for any reason
to constitute at least a majority of the Board of Directors of the Company,
provided that any person becoming a director subsequent to the date hereof whose
election, or nomination for election by the Company's shareholders, is or was
approved by a vote of at least a majority of the directors then comprising the
Incumbent Board (other than an election or nomination of an individual whose
initial assumption of office is in connection with an actual or threatened
election contest relating to the election of the directors of the Company, as
such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act) shall be, for purposes of this Agreement, considered as though
such person were a member of the Incumbent Board; or

     (iii)  Approval by the stockholders of the Company of a reorganization,
merger or consolidation with any other person, entity or corporation, other than

       (A)a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into voting securities of
another entity) more than fifty percent (50%) of the combined voting power of
the voting securities of the Company and such other entity outstanding
immediately after such merger or consolidation, or

       (B)a merger or consolidation effected to implement a recapitalization of
the Company (or similar transaction) in which no person acquires forty percent
(40%) or more of the combined voting power of the Company's then outstanding
voting securities; or

     (iv)  Approval by the stockholders of the Company of a plan of complete
liquidation of the Company or an agreement for the sale or other disposition by
the Company of all or substantially all of the Company's assets.

                                       17
<PAGE>
Notwithstanding the preceding provisions of this Section 4.01, a Change in
Control shall not be deemed to have occurred (l) if the "person" described in
the preceding provisions of this Section 4.01 is an underwriter or underwriting
syndicate that has acquired the ownership of 50% or more of the combined voting
power of the Company's then outstanding voting securities solely in connection
with a public offering of the Company's securities, or (2) if the "person"
described in the preceding provisions of this Paragraph is an employee stock
ownership plan or other employee benefit plan maintained by the Company that is
qualified under the provisions of the Employee Retirement Income Security Act of
1974, as amended.

     4.02       Determination by the Committee.

     To the extent that the foregoing adjustments relate to stock or securities
of the Company, such adjustments shall be made by the Committee, whose
determination in that respect shall be final, binding and conclusive.  The grant
of an Option pursuant to the Plan shall not affect in any way the right or power
of the Company to make adjustments, reclassifications, reorganizations or
changes of its capital or business structure or to merge or to consolidate or to
dissolve, liquidate or sell, or transfer all of any part of its business or
assets.

                                       18<PAGE>
                                                                  EXHIBIT 10.20

     Amended in July 1996 to reduce the employment requirement for Eligible
Employees to 180 days and to coordinate Offering and Purchase Periods with LJP's
fiscal calendar.  Amended in September 1996 to clarify the determination of Fair
Market Value and Purchase Price.  Amended in May 2000, with stockholder vote, to
increase the number of shares available under the Plan by 200,000.  Amended July
2000 to change the Purchase Periods to a quarterly period instead of a
semi-annual period.  Amended in September 2000 to eliminate any requirement that
an employee be employed 180 days prior to enrolling in an offering period and to
double the number of Offering Periods, by having 24-month offering periods begin
every calendar quarter.  Amended and restated on March 19, 2001.  Amended on
February 9, 2001 by Board, subject to stockholder approval, to increase the
available shares by 300,000.  Increase in available shares approved by
stockholders on May 18, 2001.

                        LA JOLLA PHARMACEUTICAL COMPANY

                       1995 EMPLOYEE STOCK PURCHASE PLAN

     The following constitutes the provisions of the La Jolla Pharmaceutical
Company 1995 Employee Stock Purchase Plan (as amended and restated effective
March 19, 2001) (the "Plan").

1.      Purpose.

     The purpose of the Plan is to maintain competitive equity compensation
programs and to provide employees of La Jolla Pharmaceutical Company (the
"Company") with an opportunity and incentive to acquire a proprietary interest
in the Company through the purchase of the Company's Common Stock, thereby more
closely aligning the interests of the Company's employees and stockholders.  It
is the intention of the Company to have the Plan qualify as an "Employee Stock
Purchase Plan" under Section 423 of the Internal Revenue Code of 1986, as
amended ("Section 423").  Accordingly, the provisions of the Plan shall be
construed to extend and limit participation consistent with the requirements of
Section 423.

2.      Definitions.

     Capitalized terms used in this Plan and not otherwise defined have the
meanings set forth below.

     "Administrator" means the Committee, or the Board if the Board asserts
administrative authority over the Plan pursuant to Section 13.

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

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

     "Committee" means a committee of members of the Board meeting the
qualifications described in Section 13 and appointed by the Board to administer
the Plan.

     "Common Stock" shall mean the Common Stock of the Company.
<PAGE>
     "Compensation" means base salary or hourly compensation and any cash bonus
paid to a participant.

     "Eligible Employee" means any employee of the Company whose customary
employment is for more than five months per calendar year and for more than 20
hours per week.  For purposes of the Plan, the employment relationship shall be
treated as continuing while the individual is on sick leave or other leave of
absence approved by the Company, except that when the period of leave exceeds 90
days and the individual's right to reemployment is not guaranteed either by
statute or by contract, the employment relationship will be deemed to have
terminated on the 91st day of such leave.

     "Enrollment Date" means the first day of each Offering Period.

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

     "Exercise Date" means the last day of each Purchase Period.

     "Fair Market Value" of the Common Stock as of the time of any determination
thereof means the value of Common Stock determined as follows:

        (1)     If the Common Stock is listed on any established stock exchange
or trades on the Nasdaq National Market, its Fair Market Value shall be the most
recent closing sales price for such stock (or the closing bid, if no sales were
reported), as quoted on such exchange or system (or the exchange or system with
the greatest volume of trading in the Common Stock) as of the time of such
determination as reported in the Wall Street Journal or such other source as the
Administrator deems reliable; or

        (2)  If the Common Stock is not listed on any established stock exchange
or traded on the Nasdaq National Market its Fair Market Value shall be the mean
between the most recent closing high and low asked prices for the Common Stock
as of the time of such determination, as reported in the Wall Street Journal or
such other source as the Administrator deems reliable; or

        (3)  In the absence of an established market for the Common Stock, the
Fair Market Value of the Common Stock shall be determined in good faith by the
Administrator.

     "Offering Period" means (i) the period of twenty-three (23) months
commencing on August 1, 1996 and terminating on June 30, twenty-three (23)
months later; (ii) each period of twenty-four (24) months commencing on January
1, 1997 and each January 1 thereafter for the duration of the Plan and
terminating on the December 31 twenty-four (24) months later; (iii) each period
of twenty-four (24) months commencing on July 1, 1997 and each July 1 thereafter
for the duration of the Plan and terminating on the June 30 twenty-four (24)
months later; (iv) each period of twenty-four (24) months commencing on October
1, 2000 and each October 1 thereafter for the duration of the Plan and
terminating on the September 30 twenty-four (24) months later; and (v) each
period of twenty-four (24) months commencing on April 1, 2001 and each April 1
thereafter for the duration of the Plan and terminating on the March 31
twenty-four (24) months later.  The Administrator shall have the power to change
the duration of Offering Periods without stockholder approval as set forth in
Section 12 or if such change is announced at least fifteen (15) days prior to
the scheduled beginning of the first Offering Period to be affected.

                                       2
<PAGE>
     "Option" means the option granted to each participant pursuant to Section 4
upon enrollment in an Offering Period.

     "Periodic Exercise Limit" has the meaning set forth in Section 4(a).

     "Plan Account" means an account maintained by the Company for each
participant in the Plan, to which are credited the payroll deductions made for
such participant pursuant to Section 5 and from which are debited amounts paid
for the purchase of shares upon exercise of such participant's Option pursuant
to Section 6.

     "Purchase Price" as of any Exercise Date means an amount equal to 85% of
the Fair Market Value of a share of Common Stock as of the close of business on
the Exercise Date or the opening of business on the Enrollment Date for the
Offering Period in which such Exercise Date occurs, whichever is lower.

     "Purchase Period" means (i) the period of five (5) months commencing on
August 1, 1996 and ending on December 31, 1996; (ii) with respect to the
Offering Periods beginning on January and July 1, 1997, January and July 1,
1998, and January 1, 1999, each period of six (6) months within any such
Offering Period, commencing January 1, 1997 and each July 1 and January 1
thereafter, and ending on the December 31 or June 30 following such commencement
date; (iii) with respect to the Offering Period beginning on July 1, 1999, the
period of six (6) months commencing July 1, 1999 and ending on December 31,
1999, the period of six (6) months commencing on January 1, 2000 and ending on
June 30, 2000, the period of six (6) months commencing on July 1, 2000 and
ending on December 31, 2000, the period of three (3) months commencing on
January 1, 2001 and ending on March 31, 2001, and the period of three (3) months
commencing on April 1, 2001 and ending on June 30, 2001, (iv) with respect to
the Offering Period beginning on January 1, 2000, the period of six (6) months
commencing on January 1, 2000 and ending on June 30, 2000, the period of six (6)
months commencing on July 1, 2000 and ending on December 31, 2000, and each
period of three (3) months commencing on January 1, 2001 and each April 1, July
1, and October 1 thereafter, and ending on the March 31, June 30, September 30
and December 31 following such commencement date; (v) with respect to the
Offering Period beginning on July 1, 2000, the period of six (6) months
commencing on July 1, 2000 and ending on December 31, 2000, and each period of
three (3) months commencing on January 1, 2001 and each April 1, July 1, and
October 1 thereafter, and ending on the March 31, June 30, September 30 and
December 31 following such commencement date; and (vi) for any Offering Period
commencing on or after October 1, 2000, each period of three (3) months within
the Offering Period commencing on October 1, 2000 and each January 1, April 1,
July 1, and October 1 thereafter, and ending on the December 31, March 31, June
30, and September 30 following such commencement date.

     "Reserves" means the number of shares of Common Stock covered by each
Option that has not yet been exercised and the number of shares of Common Stock
that have been authorized for issuance under the Plan, but not yet placed under
any Option.

     "Rule 16b-3" means Rule 16b-3 under the Exchange Act and any successor
provision.

     "Subsidiary" has the meaning as set forth under SS 424(f) of the Code.

                                       3
<PAGE>
     "Trading Day" means a day on which national stock exchanges and the
National Association of Securities Dealers Automated Quotation System are open
for trading.

3.      Offering Periods and Participation.

     The Plan shall be implemented through a series of consecutive and
overlapping Offering Periods.  An Eligible Employee may enroll in an Offering
Period by delivering a subscription agreement in the form of Exhibit A hereto to
the Company's payroll office at least five (5) business days prior to the
Enrollment Date for that Offering Period.  Eligible Employees shall participate
in only one Offering Period at a time, and a subscription agreement in effect
for a Plan participant for a particular Offering Period shall continue in effect
for subsequent Offering Periods if the participant remains an Eligible Employee
and has not withdrawn pursuant to Section 8.

4.      Options.

     (a)        Grants.  On the Enrollment Date for each Offering Period, each
Eligible Employee participating in such Offering Period shall be granted an
Option to purchase (i) on each Exercise Date for any six-month Purchase Period
in such Offering Period (at the applicable Purchase Price) up to that number of
shares of Common Stock determined by dividing $12,500 by the Fair Market Value
of a share of Common Stock as of the opening of business on the Enrollment Date,
and (ii) on each Exercise Date for any three-month Purchase Period in such
Offering Period (at the applicable Purchase Price) up to that number of shares
of Common Stock determined by dividing $6,250 by the Fair Market Value of a
share of Common Stock as of the opening of business on the Enrollment Date
(such number of shares being the "Periodic Exercise Limit").  The Option shall
expire immediately after the last Exercise Date of the Offering Period.

     (b)        Grant Limitations.  Any provisions of the Plan to the contrary
notwithstanding, no participant shall be granted an Option under the Plan:

        (i)   if, immediately after the grant, such participant (or any other
person whose stock would be attributed to such participant pursuant to Section
424(d) of the Code) would own stock and/or hold outstanding options to purchase
stock possessing five percent (5%) or more of the total combined voting power or
value of all classes of stock of the Company or of any Subsidiary; or

        (ii)  which permits such participant's rights to purchase stock under
all employee stock purchase plans of the Company and its Subsidiaries to accrue
at a rate that exceeds Twenty-Five Thousand Dollars ($25,000) worth of stock
(determined at the Fair Market Value of the shares at the time such Option is
granted) in any calendar year.

     (c)        No Rights in Respect of Underlying Stock.  The participant will
have no interest or voting right in shares covered by an Option until such
Option has been exercised.

                                       4
<PAGE>
5.      Payroll Deductions.

     (a)        Participant Designations.  The subscription agreement applicable
to an Offering Period shall designate payroll deductions to be made on each
payday during the Offering Period as a whole number percentage not exceeding ten
percent (10%) of such Eligible Employee's Compensation for the pay period
preceding such payday, provided that the aggregate of such payroll deductions
during the Offering Period shall not exceed ten percent (10%) of the
participant's Compensation during said Offering Period.

     (b)        Plan Account Balances.  The Company shall make payroll
deductions as specified in each participant's subscription agreement on each
payday during the Offering Period and credit such payroll deductions to such
participant's Plan Account.  A participant may not make any additional payments
into such Plan Account.  No interest will accrue on any payroll deductions.  All
payroll deductions received or held by the Company under the Plan may be used by
the Company for any corporate purpose, and the Company shall not be obligated to
segregate such payroll deductions.

     (c)        Participant Changes.  A participant may discontinue his or her
participation in the Plan as provided in Section 8, or may increase or decrease
(subject to such limits as the Administrator may impose) the rate of his or her
payroll deductions during any Purchase Period by filing with the Company a new
subscription agreement authorizing such a change in the payroll deduction rate.
The change in rate shall be effective with the first full payroll period
following five (5) business days after the Company's receipt of the new
subscription agreement, unless the Company elects to process a given change in
participation more quickly.

     (d)        Decreases.  Notwithstanding the foregoing, to the extent
necessary to comply with Section 423(b)(8) of the Code and Section 4(b) herein,
a participant's payroll deductions may be decreased to 0% at such time during
any Purchase Period that is scheduled to end during a calendar year (the
"Current Purchase Period") when the aggregate of all payroll deductions
previously used to purchase stock under the Plan in a prior Purchase Period
which ended during that calendar year plus all payroll deductions accumulated
with respect to the Current Purchase Period equal $21,250.  Payroll deductions
shall recommence at the rate provided in such participant's subscription
agreement at the beginning of the first Purchase Period that is scheduled to end
in the following calendar year, unless terminated by the participant as provided
in Section 8.

     (e)        Tax Obligations.  At the time of each exercise of a
participant's Option, and at the time any Common Stock issued under the Plan to
a participant is disposed of, the participant must adequately provide for the
Company's federal, state, or other tax withholding obligations, if any, that
arise upon the exercise of the Option or the disposition of the Common Stock.
At any time, the Company may, but will not be obligated to, withhold from the
participant's compensation the amount necessary for the Company to meet
applicable withholding obligations, including any withholding required to make
available to the Company any tax deductions or benefit attributable to sale or
early disposition of Common Stock by the participant.

     (f)        Statements of Account.  The Company shall maintain each
participant's Plan Account and shall give each Plan participant a statement of
account at least annually.  Such statements will set forth the amounts of
payroll deductions, the Purchase Price, the number of shares purchased and the
remaining cash balance, if any, for the period covered.

                                       5
<PAGE>
6.      Exercise of Options.

     (a)        Automatic Exercise on Exercise Dates.  Unless a participant
withdraws as provided in Section 8, his or her Option for the purchase of shares
will be exercised automatically on each Exercise Date within the Offering Period
in which such participant is enrolled for the maximum number of shares of Common
Stock, including fractional shares, as can then be purchased at the applicable
Purchase Price with the payroll deductions accumulated in such participant's
Plan Account and not yet applied to the purchase of shares under the Plan,
subject to the Periodic Exercise Limit.  During a participant's lifetime, a
participant's Options to purchase shares hereunder are exercisable only by the
participant.

     (b)        Delivery of Shares.  As promptly as practicable after each
Exercise Date on which a purchase of shares occurs, the Company shall arrange
the delivery to each participant, as appropriate, of a certificate or book entry
transfer representing the shares purchased upon exercise of his or her Option,
provided that the Company may in its discretion hold fractional shares for the
accounts of the participants pending aggregation to whole shares.

     (c)        Compliance with Law.  Shares shall not be issued with respect to
an Option unless the exercise of such Option and the issuance and delivery of
such shares pursuant thereto comply with all applicable provisions of law,
domestic or foreign, including, without limitation, the Securities Act of 1933,
as amended, the Exchange Act, the rules and regulations promulgated thereunder,
and the requirements of any stock exchange upon which the shares may then be
listed, and shall be further subject to the approval of counsel for the Company
with respect to such compliance.  As a condition to the exercise of an Option,
the Company may require the participant for whom an Option is exercised to
represent and warrant at the time of any such exercise that the shares are being
purchased only for investment and without any present intention to sell or
distribute such shares if, in the opinion of counsel for the Company, such a
representation is required by any of the aforementioned applicable provisions of
law.  Shares issued upon purchase under the Plan may be subject to such transfer
restrictions and stop-transfer instructions as the Administrator deems
appropriate.

     (d)        Excess Plan Account Balances.  If, due to application of the
Periodic Exercise Limit, there remains in a participant's Plan Account
immediately following exercise of such participant's Option on an Exercise Date
any cash accumulated during the Purchase Period immediately preceding such
Exercise Date and not applied to the purchase of shares under the Plan, such
cash shall promptly be returned to the participant.

7.      Automatic Transfer to Low Price Offering Period.

     If the Fair Market Value of the Common Stock as of the close of business on
any Exercise Date is lower than the Fair Market Value of the Common Stock as of
the opening of business on the Enrollment Date for the Offering Period in which
such Exercise Date occurs, then all participants in such Offering Period shall
be automatically withdrawn from such Offering Period immediately after the
exercise of their Options on such Exercise Date and automatically re-enrolled in
the immediately following Offering Period as of the first day thereof.

                                       6
<PAGE>
8.      Withdrawal; Termination of Employment.

     (a)        Voluntary Withdrawal.  A participant may withdraw from an
Offering Period by giving written notice to the Company's payroll office at
least five (5) business days prior to the next Exercise Date.  Such withdrawal
shall be effective beginning five business days after receipt by the Company's
payroll office of notice thereof.  On or promptly following the effective date
of any withdrawal, all (but not less than all) of the withdrawing participant's
payroll deductions credited to his or her Plan Account and not yet applied to
the purchase of shares under the Plan will be paid to such participant, and on
the effective date of such withdrawal such participant's Option for the Offering
Period will be automatically terminated, and no further payroll deductions for
the purchase of shares will be made during the Offering Period.  If a
participant withdraws from an Offering Period, payroll deductions will not
resume at the beginning of any succeeding Offering Period unless the participant
delivers to the Company a new subscription agreement with respect thereto.

     (b)        Termination of Employment.  Promptly after a participant's
ceasing to be an Eligible Employee for any reason the payroll deductions
credited to such participant's Plan Account  and not yet applied to the purchase
of shares under the Plan will be returned to such participant or, in the case of
his or her death, to the person or persons entitled thereto under Section 10,
and such participant's Option will be automatically terminated, provided that,
if the Company does not learn of such death more than five (5) business days
prior to an Exercise Date, payroll deductions credited to such participant's
Plan account may be applied to the purchase of shares under the Plan on such
Exercise Date.

9.      Transferability.

     Neither payroll deductions credited to a participant's Plan Account nor any
rights with regard to the exercise of an Option or to receive shares under the
Plan nor any Option itself may be assigned, transferred, pledged or otherwise
disposed of by the participant in any way other than by will, the laws of
descent and distribution or as provided in Section 10 hereof.  Any such attempt
at assignment, transfer, pledge or other disposition shall be without effect,
except that the Administrator may treat such act as an election to withdraw from
an Offering Period in accordance with Section 8.

10.     Designation of Beneficiary.

     A participant may file a written designation of a beneficiary who is to
receive any cash from the participant's Plan Account in the event of such
participant's death and any shares purchased for the participant upon exercise
of his or her Option but not yet issued.  If a participant is married and the
designated beneficiary is not the spouse, spousal consent may be required for
such designation to be effective.  A designation of beneficiary may be changed
by a participant at any time by written notice.  In the event of the death of a
participant and in the absence of a beneficiary validly designated under the
Plan who is living at the time of such participant's death, the Company shall
deliver such shares and/or cash to the executor or administrator of the estate
of the participant, or if no such executor or administrator has been appointed
(to the knowledge of the Company), the Company, in its discretion, may deliver
such shares and/or cash to the spouse or to any one or more dependents or
relatives of the participant, or if no spouse, dependent or relative is known to
the Company, then to such other person as the Company may designate.

                                       7
<PAGE>
11.     Stock.

     The maximum number of shares of the Company's Common Stock that shall be
made available for sale under the Plan shall be 800,000 shares, subject to
adjustment upon changes in capitalization of the Company as provided in Section
12.  If on a given Enrollment Date or Exercise Date the number of shares with
respect to which Options are to be granted or exercised exceeds the number of
shares then available under the Plan, the Administrator shall make a pro rata
allocation of the shares remaining available for purchase in as uniform a manner
as shall be practicable and as it shall determine to be equitable.  Shares of
Common Stock subject to unexercised Options that expire, terminate or are
cancelled will again become available for the grant of further Options under the
Plan.

12.     Adjustments Upon Changes in Capitalization, Dissolution, Merger or
        Asset Sale.

     (a)        Changes in Capitalization.  Subject to any required action by
the stockholders of the Company, the Reserves as well as the Purchase Price,
Periodic Exercise Limit, and other characteristics of the Options, shall be
appropriately and proportionately adjusted for any increase or decrease or
exchange in the issued shares of Common Stock resulting from a stock split,
reverse stock split, stock dividend, combination or reclassification of the
Common Stock, exchange or any other increase or decrease in the number of shares
of Common Stock effected without receipt of consideration by the Company;
provided, however, that conversion of any convertible securities of the Company
shall not be deemed to have been "effected without receipt of consideration."
Such adjustment shall be made by the Administrator, whose determination in that
respect shall be final, binding and conclusive.  Except as expressly provided
herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an Option.  The Administrator may, if it so
determines in the exercise of its sole discretion, provide for adjusting the
Reserves, as well as the Purchase Price, Periodic Exercise Limit, and other
characteristics of the Options, in the event the Company effects one or more
reorganizations, recapitalizations, rights offerings or other increases or
reductions of shares of its outstanding Common Stock.

     (b)        Dissolution or Liquidation.  In the event of the proposed
dissolution or liquidation of the Company, all pending Offering Periods will
terminate immediately prior to the consummation of such proposed action, unless
otherwise provided by the Administrator, and all Plan Account balances will be
paid to participants as appropriate consistent with applicable law.

     (c)        Merger or Asset Sale.  In the event of a proposed sale of all or
substantially all of the assets of the Company, or the merger or other
combination (the "Transaction") of the Company with or into another entity, each
Option under the Plan shall be assumed or an equivalent option shall be
substituted by such successor entity or a parent or subsidiary of such successor
entity, unless the Administrator determines, in the exercise of its sole
discretion and in lieu of such assumption or substitution, to shorten the
Offering Periods then in progress by setting a new Exercise Date (the "New
Exercise Date").  If the Administrator shortens the Offering Periods then in
progress in lieu of assumption or substitution, the Administrator shall notify
each participant in writing, at least ten (l0) days prior to the New Exercise
Date, that the Exercise Date for such participant's Option has been changed to
the New Exercise Date and that such participant's Option will be exercised
automatically on the New Exercise Date, unless prior to such date the
participant has

                                       8
<PAGE>
withdrawn from the Offering Period as provided in Section 8 (provided that, in
such case, the participant's withdrawal shall be effective if notice thereof is
delivered to the Company's payroll office at least two (2) business days prior
to the New Exercise Date).  For purposes of this Section, an Option granted
under the Plan shall be deemed to be assumed if, following the Transaction the
Option confers the right to purchase at the Purchase Price (provided that for
such purposes the Fair Market Value of the Common Stock on the New Exercise Date
shall be the value per share of the consideration paid in the Transaction), for
each share of stock subject to the Option immediately prior to the Transaction,
the consideration (whether stock, cash or other securities or property) received
in the Transaction by holders of Common Stock for each share of Common Stock
held on the effective date of the transaction (and if such holders were offered
a choice of consideration, the type of consideration chosen by the holders of a
majority of the outstanding shares of Common Stock); provided, however, that if
such consideration received in the Transaction was not solely common equity of
the successor entity or its parent (as defined in Section 424(e) of the Code),
the Administrator may, with the consent of the successor entity and the
participant, provide for the consideration to be received upon exercise of the
Option to be solely common equity of the successor entity or its parent equal in
fair market value to the per share consideration received by holders of Common
Stock in the Transaction.

13.     Administration.

     The Plan shall be administered by the Committee, which shall have the
authority to construe, interpret and apply the terms of the Plan and any
agreements defining the rights and obligations of the Company and participants
under the Plan, to prescribe, amend, and rescind rules and regulations relating
to the Plan, to determine eligibility and to adjudicate all disputed claims
filed under the Plan, and to make all other determinations necessary or
advisable for the administration of the Plan.  The Administrator may, in its
discretion, delegate ministerial responsibilities under the Plan to the Company.
Every finding, decision and determination made by the Committee shall, to the
full extent permitted by law, be final and binding upon all parties.  Any action
of the Committee shall be taken pursuant to a majority vote or by the unanimous
written consent of its members.  The Committee shall consist of three or more
members of the Board, each of whom shall be disinterested within the meaning of
Rule 16b-3, provided, however, that the number of members of the Committee may
be reduced or increased from time to time by the Board to the number required or
allowed by Rule 16b-3.  The Board may from time to time in its discretion
exercise any responsibilities or authority allocated to the Committee under the
Plan.  No member of the Committee or any designee thereof will be liable for any
action or determination made in good faith with respect to the Plan or any
transaction arising under the Plan.

14.     Amendment or Termination.

     (a)        Administrator's Discretion.  The Administrator may, at any time
and for any reason, terminate or amend the Plan.  Except as provided in Section
12, no such termination can affect Options previously granted, provided that an
Offering Period may be terminated by the Administrator on any Exercise Date if
the Administrator determines that such termination is in the best interests of
the Company and its stockholders.  Except as provided herein, no amendment may
make any change in any Option theretofore granted that adversely affects the
rights of any participant.  To the extent necessary to comply with and qualify
under Rule 16b-3 or under Section 423 (or any successor rule or provision or any
other applicable law or regulation), the Administrator shall obtain stockholder
approval of amendments to the Plan in such a manner and to such a degree as
required.

                                       9
<PAGE>
     (b)        Administrative Modifications.  Without stockholder consent
(except as specifically required by applicable law or regulation) and without
regard to whether any participant rights may be considered to have been
"adversely affected," the Administrator shall be entitled to amend the Plan to
the extent necessary to comply with and qualify under Rule 16b-3 and Section
423, change the Purchase Periods and/or Offering Periods, limit the frequency
and/or number of changes in payroll deductions during Purchase Periods and/or
Offering Periods, establish the exchange ratio applicable to amounts withheld in
a currency other than U.S. dollars, permit payroll withholding in excess of the
amount designated by a participant to adjust for delays or mistakes in the
Company's processing of properly completed withholding elections, establish
reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Stock
for each participant properly correspond with amounts withheld from the
participant's Compensation, and establish such other limitations or procedures
as the Administrator determines in its sole discretion to be advisable and which
are consistent with the Plan.

15.     Term of Plan.

     The Plan shall become effective upon the first Enrollment Date after its
approval by the stockholders of the Company and shall continue in effect for a
term of twenty (20) years unless sooner terminated pursuant to Section 14.

16.     Miscellaneous.

     (a)        Notices.  All notices or other communications by a participant
to the Company under or in connection with the Plan shall be deemed to have been
duly given when received in the form specified by the Company at the location,
or by the person, designated by the Company for the receipt thereof.

     (b)        Subsidiaries.  The Administrator may from time to time in its
discretion permit persons who are employees of any Subsidiary whose customary
employment is for more than five months per calendar year and for more than 20
hours per week to participate in the Plan on the same terms as Eligible
Employees hereunder.

     (c)        Stockholder Approval.  The Plan shall be subject to approval by
the stockholders of the Company within twelve months before or after the date
the Board adopts the Plan.  If such stockholder approval is not obtained, the
Plan and all rights to the Common Stock purchased under the Plan shall be null
and void and shall have no effect.

     (d)        Additional Restrictions of Rule 16b-3.  The terms and conditions
of Options granted hereunder to, and the purchase of shares by, persons subject
to Section 16 of the Exchange Act shall comply with the applicable provisions of
Rule 16b-3.  This Plan shall be deemed to contain, and such Options shall
contain, and the shares issued upon exercise thereof shall be subject to, such
additional conditions and restrictions as may be required by Rule 16b-3 to
qualify for the maximum exemption from Section 16 of the Exchange Act with
respect to Plan transactions.

     (e)        No Employment Rights.  The Plan does not, directly or
indirectly, create any right for the benefit of an employee or class of
employees to purchase any shares under the Plan, or create in any employee or
class of employees any right with respect to continuation of employment by the
Company, and it shall not be deemed to interfere in any

                                       10
<PAGE>
way with the Company's right to terminate, or otherwise modify, an employee's
employment at any time.

     (f)        Applicable Law.  The laws of the State of California shall
govern all matters relating to the Plan, except to the extent (if any)
superseded by the laws of the United States.

     (g)        Headings.  Headings used herein are for convenience of reference
only and do not affect the meaning or interpretation of the Plan.

                                       11
<PAGE>
                                   EXHIBIT A

                        LA JOLLA PHARMACEUTICAL COMPANY
                       1995 EMPLOYEE STOCK PURCHASE PLAN
                             SUBSCRIPTION AGREEMENT

_____ Original Application      Enrollment Date: ___________

_____ Change in Payroll Deduction Rate

_____ Change of Beneficiary(ies)

1.      I, ________________________, hereby elect to participate in the La Jolla
Pharmaceutical Company 1995 Employee Stock Purchase Plan (the "Plan") and
subscribe to purchase shares of the Company's Common Stock in accordance with
this Subscription Agreement and the Plan.

2.      I hereby authorize payroll deductions from each paycheck in the amount
of ____% (not to exceed 10%) of my Compensation (as defined in the Plan) on each
payday during the Offering Period in accordance with the Plan.  (Please note
that no fractional percentages are permitted.)

3.      I understand that said payroll deductions shall be accumulated for the
purchase of shares of Common Stock at the applicable Purchase Price determined
in accordance with the Plan.  I understand that if I do not withdraw from an
Offering Period, any accumulated payroll deductions will be used to
automatically exercise my Option on each Exercise Date within the Offering
Period.

4.      I have received a copy of the complete Plan.  I understand that my
participation in the Plan is in all respects subject to the terms of the Plan,
that capitalized terms used herein have the same meanings as ascribed thereto in
the Plan, and that in case of any inconsistency between this Subscription
Agreement and the Plan, the Plan shall govern.  I understand that the grant of
the Option by the Company under this Subscription Agreement is subject to
stockholder approval of the Plan.

5.      Shares purchased for me under the Plan should be issued in the name(s)
of (employee and/or spouse only):__________________________
_______________________________________________________.

6.      I understand that if I dispose of any shares received by me pursuant to
the Plan within two years after the Enrollment Date (the first day of the
Offering Period during which I purchased such shares) or within one year after
the Exercise Date (the date I purchased such shares), I will be treated for
federal income tax purposes as having received ordinary income at the time of
such disposition in an amount equal to the excess of the fair market value of
the shares at the time such shares were delivered to me over the price which I
paid for the shares, regardless of whether I disposed of the shares at a price
less than their fair market value at the Exercise Date.  The remainder of the
gain or loss, if any, recognized on such disposition will be treated as capital
gain or loss.  I hereby agree to notify the Company in writing within 30 days
after the date of any disposition of my shares, and I will make adequate
provision for Federal, State or other tax withholding obligations, if any, which
arise upon the disposition of the Common Stock.  The Company may, but will not
be obligated to, withhold from my Compensation or other amounts payable to me
the amount necessary to meet any
<PAGE>
   applicable withholding obligation including any withholding necessary to make
   available to the Company any tax deductions or benefits attributable to sale
   or early disposition of Common Stock by me.  If I dispose of such shares at
   any time after the expiration of the one-year and two-year holding periods
   described above, I understand that I will be treated for federal income tax
   purposes as having received income only at the time of such disposition, and
   that such income will be taxed as ordinary income only to the extent of an
   amount equal to the lesser of (a) the excess of the fair market value of the
   shares at the time of such disposition over the purchase price which I paid
   for the shares, or (b) 15% of the fair market value of the shares on the
   first day of the Offering Period.  The remainder of the gain or loss, if any,
   recognized on such disposition will be taxed as capital gain or loss.  I
   understand that this tax summary is only a summary for general information
   purposes and is subject to change and I agree to consult with my own tax
   advisors for definitive advice regarding the tax consequences to me of
   participation in the Plan and sale of shares purchased thereunder.

7.      I agree to be bound by the terms of the Plan.  The effectiveness of this
Subscription Agreement is dependent upon my eligibility to participate in the
Plan.

8.      In the event of my death, I hereby designate the following as my
beneficiary(ies) to receive (in proportion to the percentages listed below) all
payments and shares due me under the Plan (use additional sheets to add
beneficiaries):

NAME: (Please print) __________________________________________________
                          (First)        (Middle)       (Last)

______________________________  ________________________________
Relationship

Percentage:  __________         ________________________________
                                   (Address)

NAME: (Please print) __________________________________________________
                          (First)        (Middle)       (Last)

______________________________  ________________________________
Relationship

Percentage:  __________         ________________________________
                                   (Address)

Employee's Social
Security Number:        ______________________________________

Employee's Address:     ______________________________________

                        ______________________________________

                        ______________________________________

I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

                                       2
<PAGE>

Dated: ___________________      ______________________________________
                                 Signature of Employee

                                ______________________________________
                                 Spouse's Signature (If beneficiary
                                 other than spouse)

                                       3

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