Document:

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                                                              EXHIBIT 10(iii)(e)

                                EXXON CORPORATION

                          SHORT TERM INCENTIVE PROGRAM
                       (as last amended January 26, 2000)

     I.   Purpose.  The Short Term Incentive Program is intended to help
maintain and develop strong management through incentive awards to key employees
of the Corporation and certain of its affiliates for recognition of efforts and
accomplishments which contribute materially to the success of the Corporation's
business interests.

     II.  Definitions.  In this Program, except where the context otherwise
indicates, the following definitions apply:

          (1) 'Administrative authority' means one of the following, as
     appropriate in accordance with Section III: the Board; any committee to
     which the Board delegates authority to administer this Program; or, in
     individual cases, the Chairman of the Board or persons acting under his
     direction.

          (2) 'Affiliate' means (a) any subsidiary and (b) any other
     corporation, partnership, joint venture, or other entity in which the
     Corporation, directly or indirectly, owns an equity interest and which the
     administrative authority deems to be an affiliate for purposes of this
     Program (including, without limitation, for purposes of determining whether
     a change of employment constitutes a termination).

          (3) "Award" means a bonus, bonus unit, or other incentive award under
     this Program.

          (4) "Board" means the Board of Directors of the Corporation.

          (5) "Board Compensation Committee," hereinafter sometimes called the
     "BCC," means the committee of the Board so designated.

          (6) "Bonus" means an award granted under this Program which may be
     payable in cash or other consideration as specified by the grant.

          (7) "Bonus unit" means an award granted under this Program to receive
     from the Corporation an amount of cash or other consideration not to exceed
     the maximum settlement value and based upon a measurement for valuation as
     specified by the grant. The term bonus unit includes, but is not limited
     to, earnings bonus units.

          (8) "By the grant" means by the action of the granting authority at
     the time of the grant of an award hereunder, or at the time of an amendment
     of the grant, as the case may be.
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          (9)  "Corporation" means Exxon Corporation, a New Jersey corporation.

          (10) "Designated beneficiary" means the person designated by the
     grantee of an award hereunder to be entitled, on the death of the grantee,
     to any remaining rights arising out of such award. Such designation must be
     made in writing and in accordance with such regulations as the
     administrative authority may establish.

          (11) "Detrimental activity" means activity that is determined in
     individual cases by the administrative authority to be detrimental to the
     interests of the Corporation or any affiliate.

          (12) "Earnings bonus unit," hereinafter sometimes called an "EBU,"
     means a bonus unit granting the right to receive from the Corporation at
     the settlement date specified by the grant, or at a later payment date so
     specified, an amount of cash equal to the Corporation's cumulative
     consolidated earnings per common share as reflected in its quarterly
     earnings statements as initially published commencing with earnings for the
     first full quarter following the date of grant to and including the last
     full quarter preceding the date of settlement, but the amount of such
     settlement shall not exceed the maximum settlement value specified by the
     grant.

          (13) "Eligible employee" means an employee of the Corporation or a
     subsidiary who is a director or officer, or in a managerial, professional,
     or other key position as determined by the granting authority.

          (14) "Employee" means an employee of the Corporation or an affiliate.

          (15) "Grantee" means a recipient of an award under this Program.

          (16) "Granting authority" means the Board or any appropriate committee
     authorized to grant and amend awards under this Program in accordance with
     Section V and to exercise other powers of the granting authority hereunder.

          (17) "Reporting person" means a person subject to the reporting
     requirements of Section 16 with respect to equity securities of the
     Corporation.

          (18) "Section 16" means Section 16 of the Securities Exchange Act of
     1934, together with the rules and interpretations thereunder, as in effect
     from time to time.

          (19) 'Subsidiary' means a corporation, partnership, joint venture, or
     other entity in which the Corporation, directly or indirectly, owns a 50%
     or greater equity interest.

          (20) "Terminate" means cease to be an employee for any reason, except
     by death, but a change of employment from the Corporation or one affiliate
     to another affiliate or to the Corporation shall not be considered a
     termination. For purposes of this Program, the administrative authority may
     determine that the time or date of termination is the day an

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     employee resigns, accepts employment with another employer or otherwise
     indicates an intent to resign, which time or date need not necessarily be
     the last day on the payroll.

          (21) "Terminate normally" for purposes of this Program means terminate

          (a)  at normal retirement time for that employee, or

          (b)  with written approval of the administrative authority given in
               the context of recognition that all or a specified portion of the
               outstanding awards to that employee will not expire or be
               forfeited or annulled because of such termination.

          (22) "Year" means calendar year.

          III. Administration.

          (1) The Board is the ultimate administrative authority for this
     Program, with the power to conclusively interpret its provisions and decide
     all questions of fact arising in its application. The Board may delegate
     its authority pursuant to any provision of this Program to a committee
     which, except in the case of the BCC, need not be a committee of the Board.
     Subject to the authority of the Board or an authorized committee and
     excluding cases involving the Chairman as grantee, the Chairman of the
     Board and persons acting under his direction may serve as the
     administrative authority under this Program for purposes of making
     determinations and interpretations in individual cases.

          (2) The Board and any committee acting as the administrative authority
     under this Program can act by regulation, by making individual
     determinations, or by both. The Chairman of the Board and persons
     designated by him can act as the administrative authority under this
     Program only by making individual determinations.

          (3) All determinations and interpretations pursuant to the provisions
     of this Program shall be binding and conclusive upon the individual
     employees involved and all persons claiming under them.

          (4) It is intended that this Program shall not be subject to the
     provisions of Section 16 and that awards granted hereunder shall not be
     considered equity securities of the Corporation within the meaning of
     Section 16. Accordingly, no award under this Program shall be payable in
     any equity security of the Corporation. In the event an award to a
     reporting person under this Program should be deemed to be an equity
     security of the Corporation within the meaning of Section 16, such award
     may, to the extent permitted by law and deemed advisable by the granting
     authority, be amended so as not to constitute such an equity security or be
     annulled. Each award to a reporting person under this Program shall be
     deemed issued subject to the foregoing qualification.

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          (5) An award under this Program is not transferable prior to payment
     or settlement except, as provided in the award, by will or the laws of
     descent and distribution, and is not subject, in whole or in part, to
     attachment, execution, or levy of any kind. The designation by a grantee of
     a designated beneficiary shall not constitute a transfer.

          (6) The grantee's designated beneficiary or, if there is no designated
     beneficiary, the grantee's personal representative shall be entitled to any
     remaining rights with respect to an award granted under this Program
     existing after the grantee dies.

          (7) Except as otherwise provided herein, a particular form of award
     may be granted to an eligible employee either alone or in addition to other
     awards hereunder. The provisions of particular forms of award need not be
     the same with respect to each recipient.

          (8) If the administrative authority believes that a grantee (a) may
     have engaged in detrimental activity or (b) may have accepted employment
     with another employer or otherwise indicated an intent to resign, the
     authority may suspend the delivery, vesting or settlement of all or any
     specified portion of such grantee's outstanding awards pending an
     investigation of the matter.

          (9) This Program and all action taken under it shall be governed by
     the laws of the State of New York.

          IV.  Annual Ceiling. In respect to each year under the Program, the
     BCC shall, pursuant to authority delegated by the Board, establish a
     ceiling on the aggregate dollar amount that can be awarded hereunder. With
     respect to bonuses granted in a particular year under the Program, the sum
     of:

               (1) the aggregate amount of bonuses in cash, and

               (2) the aggregate maximum settlement value of bonuses in any form
          of bonus unit shall not exceed such ceiling.

     The BCC may revise the ceiling as it deems appropriate.

          V.   Right to Grant Awards; Reserved Powers. The Board is the ultimate
     granting authority for this Program, with the power to select eligible
     employees for participation in this Program and to make all decisions
     concerning the grant or amendment of awards. The Board may delegate such
     authority in whole or in part to a committee which, except in the case of
     the BCC, need not be a committee of the Board.

          VI.  Term. The term of this Program begins on November 1, 1993 and
     shall continue until terminated by the Board.

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          VII.  Bonuses Grantable. A bonus is grantable in respect of any year
     to any eligible employee during such year if, should it be granted, the
     aggregate amount of the bonuses granted in respect of that year will not
     exceed the ceiling established from time to time by the BCC. In this
     connection, each bonus granted ceases to be effectively granted to the
     extent that the grant is annulled. No award may be granted to a member of
     the BCC.

          VIII. Form of Bonus. Subject to Section III(4), a grantable bonus can
     be granted to any eligible employee in respect of any year either wholly in
     cash, bonus units, or other consideration, or partly in two or more such
     forms.

          IX.   Settlement of Bonuses. Each grant shall specify the time and
     method of settlement as determined by the granting authority, provided that
     no such determination shall authorize settlement to be made later than the
     tenth anniversary of the grantee's date of termination. Each grant, any
     portion of which is granted in bonus units, shall specify as the regular
     method of settlement for that portion a settlement date, which may be
     accelerated to an earlier time as specified by the grant, provided,
     however, whether or not the settlement date has been accelerated, payment
     of cash to the grantee to complete such settlement may be postponed, by the
     grant, so long as such payment is not postponed beyond the tenth
     anniversary of the grantee's date of termination. The granting authority,
     by amendment of the grant prior to payment or delivery, can modify any
     method of settlement for any bonus or portion thereof, provided that the
     settlement of any bonus shall be completed by the payment of any cash not
     later than the tenth anniversary of the grantee's date of termination.

          X.    Installments Payable After Death. If any bonus or installment
     thereof is payable after the grantee dies, it shall be payable

                (1) to the grantee's designated beneficiary or, if there is no
          designated beneficiary, to the grantee's personal representative, and

                (2) either in the form specified by the grant or otherwise, as
          may be determined in the individual case by the administrative
          authority.

          XI.   Interest Equivalents. With respect to the relevant portion of a
     bonus granted in cash for delivery more than six months after the date of
     grant, there shall be credited to the grantee an amount equivalent to
     interest (which may be compounded) as specified by the grant with respect
     to the period beginning at the date of grant and ending on the date as
     specified by the grant. The rate of interest, if any, credited to the
     grantee shall be determined from time to time by the BCC.

          With respect to the relevant portion of a bonus granted in bonus units
     the payment of cash in settlement of which is postponed more than six
     months after the settlement date, there shall be credited to the grantee an
     amount equivalent to interest (which may be

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     compounded) as specified by the grant.  The rate of interest, if any,
     credited to the grantee shall be determined from time to time by the BCC.

          Such credits for interest equivalents shall not be included in any
     computation made for purposes of any ceiling established by the BCC
     pursuant to Section IV.

          When a bonus in cash is paid, any interest equivalents so credited on
     the cash shall be paid. When a bonus in units is paid, any interest
     equivalents so credited on the units shall be paid.

          XII.  Annulment of Grant. The grant of any bonus or portion thereof is
     provisional until cash or other consideration is paid in settlement
     thereof, except to the extent the granting authority shall have declared
     the bonus to be vested and nonforfeitable. If, while the grant is
     provisional,

                (1) the grantee terminates but does not terminate normally, or

                (2) the grantee is determined to have engaged in detrimental
          activity, the grant shall be annulled as of the time of termination,
          or the date such activity is determined to be detrimental, as the case
          may be.

          XIII. Amendments to this Program. The Board can from time to time
     amend or terminate this Program, or any provision hereof. An amendment of
     this Program shall, unless the amendment provides otherwise, be effective
     for all outstanding awards.

          XIV.  Amendments to Awards. The granting authority may amend any
     outstanding award under this Program to incorporate any terms that could
     then be incorporated in a new award under this Program.

          XV.   Withholding Taxes. The Corporation shall have the right to
     deduct from any cash payment made under this Program any federal, state or
     local income or other taxes required by law to be withheld with respect to
     such payment. In the case of a payment under this Program other than cash,
     the grantee will pay to the Corporation such amount of cash as may be
     requested by the Corporation for purpose of satisfying any liability for
     such withholding taxes.

          XVI.  Grant of Awards to Employees Who Are Foreign Nationals. Without
     amending this Program, but subject to the limitations specified in Section
     III(4), the granting authority can grant or amend, and the administrative
     authority can administer, annul, or terminate, awards to eligible employees
     who are foreign nationals on such terms and conditions different from those
     specified in this Program as may in its judgment be necessary or desirable
     to foster and promote achievement of the purposes of this Program.

                                       6EXHIBIT 10.1               ENGAGEMENT AGREEMENT

                                                    March 1, 2000

VIA FACSIMILE
(949) 851-0159

Anaconda Venture Corporation
19900 MacArthur Boulevard

Suite 660
Irvine, California 92612

         Re:      Engagement
                  ----------

Gentlemen:

         By this letter we intend to evidence terms under which Anaconda Venture
Corporation  ("Client") engages Boyd & Chang, LLP (the "Firm"). Our agreement is
as follows.

(ii)              Engagement.  Client engages the Firm to provide legal services
         for Client as  requested.  The nature of the  services to  initially be
         provided are general corporate securities and related services.

(iii)             Legal  Fees.  Client  will  pay the Firm  for  legal  services
         performed at the rates set forth in Schedule "A".

         3.       Additional Support. The Firm will also provide client with all
necessary  secretarial  support and  office,  telephone,  furniture,  facsimile,
reception and  administrative  services as are necessary to operate  Client from
time to time at the flat rate of $250 per month set forth in this Agreement.

         4.       Statements.  The Firm will  send  Client a  statement  setting
forth the fees and costs  incurred by Client on a monthly  basis.  All such fees
and costs shall accrue and non-reimbursable in the form of cash.

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         5.       Results. The Firm has made no promises or guarantees to Client
concerning the outcome of the referenced  matter,  and nothing in this agreement
shall be construed as such a promise or guarantee.

         6.       Termination of Services. Our relationship shall be at will and
either the Firm or Client shall have the right to terminate this relationship at
any time with or without cause.

         7.       Arbitration.  Any dispute hereunder,  or concerning the rights
of any of the parties  hereto,  including,  but not limited to, any dispute over
the  amount  of fees or  costs  due and  owing  and  any  dispute  over  alleged
malpractice  shall be decided by  arbitration by a retired judge of the Superior
Court to be agreed upon by the parties.  Client  understands that it may well be
entitled to a jury trial as to any claim against the Firm for malpractice or for
other claims and that Client  hereby  waives any such right.  Client  represents
that it has had the  opportunity  to consult  independent  counsel of its choice
regarding  its  waiver of any right to a jury as  specified  above and as to the
other  terms of this  agreement  and has  either  done so or has  knowingly  and
willingly of its own free choice chosen not to consult such independent counsel.
If the parties  cannot  agree upon an  arbitrator,  the  presiding  judge of the
Superior Court of Orange County shall be requested to appoint a retired judge to
act in such  capacity,  upon  petition  of any  party  hereto.  In the event the
presiding  judge  fails or refuses  for thirty (30) days after a request to make
such appointment,  the court shall be petitioned to appoint a lawyer licensed to
practice in California as sole arbitrator.  Any decision or award as a result of
any arbitration  proceeding shall include the assessment of costs and reasonable
attorneys' fees to the prevailing party and shall be enforceable in any court of
law.

         8.       Entire   Agreement.   This   agreement   contains  the  entire
understanding  among the parties hereto and supersedes any prior  understandings
and agreements among us with respect to the subject matter herein.  There are no
representations,  agreements,  arrangements or understandings among the parties,
oral or written,  relating to the subject  matter of this agreement that are not
fully expressed herein. Any statements, promises or inducements, whether made by
any party or agent of any party,  that are not contained in this agreement shall
not be valid or binding. This agreement may not be enlarged, modified or altered
except by a written agreement signed by all the parties hereto.

         9.       Notice. All notices, requests, demands or other communications
necessary to be given  hereunder shall be in writing and shall be deemed to have
been  given if  delivered  via  facsimile  or if mailed by United  States  Mail,
postage  prepaid,  to the parties at the  following  addresses (or at such other
addresses as a party may notify the other party of in writing in accordance with
this section).

If to the Firm address to:          Boyd & Chang, LLP
                                    19900 MacArthur Boulevard, Suite 660
                                    Irvine, CA 92612
                                    Facsimile:        (714) 851-0159
                                    Attention:        Patrick Boyd

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If to Client address to:            Anaconda Venture Corporation
                                    19900 MacArthur Boulevard
                                    Suite 660
                                    Irvine, CA 92612
                                    Telephone:        (949) 851-9800
                                    Facsimile:        (949) 851-0159
                                    Attention:        Tim T. Chang

         10.      Retention  of Client's  File.  Client is entitled to a copy of
the file materials  maintained or generated by the Firm with respect to Client's
representation  by the Firm,  except those  undisclosed  work product  materials
reflecting  the Firm's  impressions,  conclusions,  opinions,  legal research or
theories  upon  reasonable  notice  and at  Client's  expense.  Where  the  Firm
withdraws,  Client  cancels  this  agreement  and  substitutes  the  Firm out as
attorneys  of record  in any  litigation  in which  the Firm  were  representing
Client,  or upon  completion  of the work for which the Firm  were  retained  by
Client,  Client is entitled,  upon giving the Firm reasonable notice, to custody
of the original Client file and the Firm, at their expense, are entitled to keep
a copy  of any of  said  Client  file  materials  they  deem  desirable.  At the
conclusion  of the  handling  by the Firm of the matter to which this  agreement
pertains, the Firm may at any time, in the Firm's absolute discretion, store the
original file or destroy all or part of the file.

         11.      Counterparts.  This agreement may be executed in counterparts,
each of  which  may be  deemed  an  original,  and  taken  together  they  shall
constitute  one and the same  agreement.  For the  purposes of the  relationship
between  Client  and  the  Firm,  facsimiles  and  future  means  of  electronic
communication may be deemed and shall be treated as originals.

                                      * * *

         If the  foregoing is  acceptable  to you,  please sign where  indicated
below.

                                           Very truly yours,
                                           /s/Boyd & Chang, LLP
                                           --------------------
                                           BOYD & CHANG, LLP

                                           /s/Patrick R. Boyd
                                           ------------------
                                           Patrick R. Boyd
ACKNOWLEDGED AND AGREED TO
AS OF FEBRUARY 21, 2000

ANACONDA VENTURE CORPORATION

By: /s/Tim T. Chang
-------------------
Tim T. Chang, President

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                        SCHEDULE "A" OF SERVICES AND FEES
                        ---------------------------------

Deposit:       None
--------

                                             FEES

                                             FEES

               Senior Partner                                       $ 250

               Jr. Partner                                          $ 200

               Associate                                            $ 150

               Law Clerk                                            $  85

               Paralegal                                            $  85

               Computer Litigation
               Analyst                                              $  35

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