Document:

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                                                                     Exhibit 4.4

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                     CHASE MANHATTAN AUTO OWNER TRUST 2003-C

                       Class A-1 1.14% Asset Backed Notes

                       Class A-2 1.60% Asset Backed Notes

                       Class A-3 2.26% Asset Backed Notes

                       Class A-4 2.94% Asset Backed Notes

                                 ---------------

                            ADMINISTRATION AGREEMENT

                          Dated as of December 9, 2003

                                 ---------------

                              JPMorgan Chase Bank,

                                As Administrator

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<TABLE>
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                                TABLE OF CONTENTS

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<S>                                                                                                            <C>
Section 1. Duties of Administrator................................................................................2
Section 2. Records................................................................................................7
Section 3. Compensation...........................................................................................7
Section 4. Additional Information To Be Furnished to Issuer.......................................................7
Section 5. Independence of Administrator..........................................................................7
Section 6. No Joint Venture.......................................................................................8
Section 7. Other Activities of Administrator......................................................................8
Section 8. Term of Agreement; Resignation and Removal of Administrator............................................8
Section 9. Action upon Termination, Resignation or Removal.......................................................10
Section 10. Notices..............................................................................................10
Section 11. Amendments...........................................................................................11
Section 12. Successors and Assigns...............................................................................11
Section 13. GOVERNING LAW........................................................................................12
Section 14. Headings.............................................................................................12
Section 15. Counterparts.........................................................................................12
Section 16. Severability.........................................................................................12
Section 17. Not Applicable to JPMorgan Chase Bank in Other Capacities............................................12
Section 18. Limitation of Liability of Owner Trustee, Indenture Trustee and Administrator........................12
Section 19. Third-Party Beneficiary..............................................................................13
Section 20. Nonpetition Covenants................................................................................13
Section 21. Liability of Administrator...........................................................................13

EXHIBIT A   -  Form of Power of Attorney
</TABLE>

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                  ADMINISTRATION AGREEMENT dated as of December 9, 2003, among
CHASE MANHATTAN AUTO OWNER TRUST 2003-C, a Delaware statutory trust (the
"Issuer"), JPMORGAN CHASE BANK, a New York banking corporation, as administrator
(the "Administrator"), and WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, a
national banking association, not in its individual capacity but solely as
Indenture Trustee (the "Indenture Trustee").

                              W I T N E S S E T H :
                               - - - - - - - - - -

                  WHEREAS the Issuer is issuing the Class A-1 1.14% Asset Backed
Notes (the "Class A-1 Notes"), the Class A-2 1.60% Asset Backed Notes (the
"Class A-2 Notes"), the Class A-3 2.26% Asset Backed Notes (the "Class A-3
Notes") and the Class A-4 2.94% Asset Backed Notes (the "Class A-4 Notes" and,
together with the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes,
the "Notes") pursuant to the Indenture dated as of December 9, 2003 (as amended,
modified or supplemented from time to time in accordance with the provisions
thereof, the "Indenture"), between the Issuer and the Indenture Trustee and the
2.78% Asset Backed Certificates (the "Certificates") pursuant to the Amended and
Restated Trust Agreement dated as of December 9, 2003 (as amended, modified or
supplemented from time to time in accordance with the provisions thereof, the
"Trust Agreement") between Chase USA (defined below), as Depositor, and
Wilmington Trust Company, as owner trustee (the "Owner Trustee").

                  WHEREAS the Issuer has entered into certain agreements in
connection with the issuance of the Notes and the Certificates, including (i) a
Sale and Servicing Agreement dated as of December 9, 2003 (the "Sale and
Servicing Agreement") (capitalized terms used herein and not defined herein
shall have the meanings assigned such terms in the Sale and Servicing Agreement)
between the Issuer and Chase Manhattan Bank USA, National Association ("Chase
USA"), as Servicer and Seller, (ii) a Depository Agreement dated December 16,
2003 (the "Note Depository Agreement") among the Issuer, the Indenture Trustee,
JPMorgan Chase Bank, as Agent (the "Agent") and The Depository Trust Company,
(iii) a Depository Agreement dated December 16, 2003 among the Issuer, the Owner
Trustee, the Agent and The Depository Trust Company (the "Certificate Depository
Agreement," and together with the Note Depository Agreement, the "Depository
Agreements"), (iv) a Collection Account Control Agreement dated as of December
9, 2003 (the "Collection Account Control Agreement") among the Issuer, the
Indenture Trustee and JPMorgan Chase Bank, as securities intermediary, (v) a
Reserve Account Control Agreement dated as of December 9, 2003 among the Issuer,
the Indenture Trustee and Wells Fargo Bank Minnesota, National Association, as
securities intermediary (the "Reserve Account Control Agreement"), (vi) a Yield
Supplement Account Control Agreement dated as of December 9, 2003 among the
Issuer, the Indenture Trustee and Wells Fargo Bank Minnesota, National
Association, as securities intermediary (the "Yield Supplement Account Control
Agreement" and together with the Reserve Account Control Agreement and the
Collection Account Control Agreement, the "Securities Control Agreements"),
(vii) the Trust Agreement, and (viii) the Indenture (the Sale and Servicing
Agreement, the Trust Agreement, the Depository Agreements, the Securities
Control Agreements and the Indenture being hereinafter referred to collectively
as the "Related Agreements");
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                                                                               2

                  WHEREAS pursuant to the Related Agreements, the Issuer and the
Owner Trustee are required to perform certain duties in connection with (a) the
Notes and the collateral pledged therefor pursuant to the Indenture (the
"Collateral") and (b) the Certificates;

                  WHEREAS the Issuer desires to have the Administrator perform
certain of the duties of the Issuer and the Owner Trustee referred to in the
preceding clause, and to provide such additional services consistent with the
terms of this Agreement and the Related Agreements as the Issuer may from time
to time request;

                  WHEREAS the Administrator has the capacity to provide the
services required hereby and is willing to perform such services for the Issuer
and the Owner Trustee on the terms set forth herein;

                  NOW, THEREFORE, in consideration of the mutual covenants
contained herein, and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties agree as follows:

            Section 1. Duties of Administrator.(a) Duties with Respect to the
Related Agreements. (i) The Administrator agrees to perform all its duties as
Administrator and the duties of the Issuer and the Owner Trustee under the
Depository Agreements. The Administrator agrees to perform the duty of the
Issuer under Section 5.1(a) of the Sale and Servicing Agreement to move the
Collection Account to a Qualified Institution or Qualified Trust Institution, as
the case may be, the duty of the Issuer under Section 5.6(b) of the Sale and
Servicing Agreement to move the Yield Supplement Account to a Qualified
Institution or Qualified Trust Institution, as the case may be, and the duty of
the Issuer under Section 5.7(b) of the Sale and Servicing Agreement to move the
Reserve Account to a Qualified Institution or Qualified Trust Institution, as
the case may be. In addition, the Administrator shall consult with the Owner
Trustee regarding the duties of the Issuer and the Owner Trustee under the
Related Agreements.

                  The Administrator shall monitor the performance of the Issuer
and shall advise the Owner Trustee when action is necessary to comply with the
Issuer's or the Owner Trustee's duties under the Indenture and the Depository
Agreements. The Administrator shall prepare for execution by the Issuer or the
Owner Trustee or shall cause the preparation by other appropriate persons of all
such documents, reports, filings, instruments, certificates and opinions as it
shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to the Indenture and the Depository Agreements. In furtherance of the
foregoing, the Administrator shall take all appropriate action that it is the
duty of the Issuer or the Owner Trustee to take pursuant to the Indenture
including, without limitation, such of the foregoing as are required with
respect to the following matters under the Indenture (references are to sections
of the Indenture):
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                                                                               3

            (A) the preparation of or obtaining of the documents and instruments
required for authentication of the Notes, if any, and delivery of the same to
the Indenture Trustee (Section 2.2);

            (B) the duty to cause the Note Register to be kept and to give the
Indenture Trustee notice of any appointment of a new Note Registrar and the
location, or change in location, of the Note Register and the office or offices
where Notes may be surrendered for registration of transfer or exchange (Section
2.4);

            (C) the notification of Noteholders of the final principal payment
on their Notes (Section 2.7(b));

            (D) the preparation, obtaining or filing of the instruments,
opinions and certificates and other documents required for the release of
collateral (Section 2.9);

            (E) the preparation of Definitive Notes and arranging the delivery
thereof (Section 2.12);

            (F) the maintenance of an office or agency in the City of New York
for registration of transfer or exchange of Notes (Section 3.2);

            (G) the duty to cause newly appointed Paying Agents, if any, to
deliver to the Indenture Trustee the instrument specified in the Indenture
regarding funds held in trust (Section 3.3);

            (H) the direction to Paying Agents to pay to the Indenture Trustee
all sums held in trust by such Paying Agents (Section 3.3);

            (I) the obtaining and preservation of the Issuer's qualification to
do business in each jurisdiction in which such qualification is or shall be
necessary to protect the validity and enforceability of the Indenture, the
Notes, the Collateral and each other instrument and agreement included in the
Trust Estate (Section 3.4);

            (J) the preparation and filing of all supplements, amendments,
financing statements, continuation statements, if any, instruments of further
assurance and other instruments, in accordance with Section 3.5 of the
Indenture, necessary to protect the Trust Estate (Section 3.5);

            (K) the obtaining of the Opinion of Counsel on the Closing Date and
the annual delivery of Opinions of Counsel, in accordance with Section 3.6 of
the Indenture, as to the Trust Estate, and the annual delivery of the Officers'
Certificate and certain other statements, in accordance with Section 3.9 of the
Indenture, as to compliance with the Indenture (Sections 3.6 and 3.9);

            (L) the identification to the Indenture Trustee in an Officers'
Certificate of a Person with whom the Issuer has contracted to perform its
duties under the Indenture (Section 3.7(b));
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                                                                               4

            (M) the notification of the Indenture Trustee and the Rating
Agencies of an Event of Servicing Termination pursuant to the Sale and Servicing
Agreement and, if such Event of Servicing Termination arises from the failure of
the Servicer to perform any of its duties under the Sale and Servicing
Agreement, the taking of all reasonable steps available to remedy such failure
(Section 3.7(d));

            (N) the preparation and obtaining of documents and instruments
required for the release of the Issuer from its obligation under the Indenture
(Section 3.11(b));

            (O) the delivery of notice to the Indenture Trustee of each Event of
Default, Event of Servicing Termination and each default by the Seller under the
Sale and Servicing Agreement (Section 3.18);

            (P) the taking of such further acts as may be reasonably necessary
or proper to carry out more effectively the purpose of the Indenture or to
compel or secure the performance and observance by the Seller and the Servicer
of their obligations under the Sale and Servicing Agreement (Sections 3.19 and
5.16);

            (Q) the monitoring of the Issuer's obligations as to the
satisfaction and discharge of the Indenture and the preparation of an Officers'
Certificate and the obtaining of the Opinion of Counsel and the Independent
Certificate relating thereto (Section 4.1);

            (R) the compliance with any written directive of the Indenture
Trustee with respect to the sale of the Trust Estate in any manner permitted by
law if an Event of Default shall have occurred and be continuing (Section 5.4);

            (S) provide the Indenture Trustee with the information necessary to
deliver to each Noteholder such information as may be reasonably required to
enable such Holder to prepare its United States federal and state and local
income or franchise tax returns (Section 6.6);

            (T) the preparation and delivery of notice to Noteholders of the
removal of the Indenture Trustee and the appointment of a successor Indenture
Trustee (Section 6.8);

            (U) the preparation of any written instruments required to confirm
more fully the authority of any co-trustee or separate trustee and any written
instruments necessary in connection with the resignation or removal of the
Indenture Trustee or any co-trustee or separate trustee (Sections 6.8 and 6.10);

            (V) the furnishing of the Indenture Trustee with the names and
addresses of Noteholders during any period when the Indenture Trustee is not the
Note Registrar (Section 7.1);

            (W) the preparation and, after execution by the Issuer, the filing
with the Commission and any applicable state agencies and the Indenture Trustee
of documents required to be filed on a periodic basis with, and summaries
thereof as may be required by rules and regulations prescribed by, the
Commission and any applicable state agencies and the transmission of such
summaries, as necessary, to the Noteholders (Section 7.3);
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                                                                               5

            (X) the obtaining of an Officers' Certificate, Opinion of Counsel
and Independent Certificates, if necessary, for the release of the Trust Estate
as defined in the Indenture (Sections 8.4 and 8.5);

            (Y) the preparation of Issuer Orders and Issuer Requests and the
obtaining of Opinions of Counsel with respect to the execution of supplemental
indentures and the mailing to the Noteholders of notices with respect to such
supplemental indentures (Sections 9.1 and 9.2);

            (Z) the execution of new Notes conforming to any supplemental
indenture (Section 9.5);

            (AA) provide the Indenture Trustee with the form of notice necessary
to deliver the notification of Noteholders of the prepayment of the Notes
(Section 10.2);

            (BB) the preparation of all Officers' Certificates, Opinions of
Counsel and Independent Certificates with respect to any requests by the Issuer
to the Indenture Trustee to take any action under the Indenture (Section
11.1(a));

            (CC) the preparation and delivery of Officers' Certificates and the
obtaining of Independent Certificates, if necessary, for the release of property
from the lien of the Indenture (Section 11.1(b));

            (DD) the preparation and delivery to the Noteholders and the
Indenture Trustee of any agreements with respect to alternate payment and notice
provisions (Section 11.6); and

            (EE) the recording of the Indenture, if applicable (Section 11.15).

            (b) Additional Duties. (i) In addition to the duties of the
Administrator set forth above, the Administrator shall perform such calculations
and shall prepare for execution by the Issuer or the Owner Trustee or shall
cause the preparation by other appropriate persons of all such documents,
reports, filings, instruments, certificates and opinions as it shall be the duty
of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
Related Agreements, and at the request of the Owner Trustee shall take all
appropriate action that it is the duty of the Issuer or the Owner Trustee to
take pursuant to the Related Agreements. Subject to Section 5 of this Agreement,
and in accordance with the directions of the Owner Trustee, the Administrator
shall administer, perform or supervise the performance of such other activities
in connection with the Trust Estate (including the Related Agreements) as are
not covered by any of the foregoing provisions and as are expressly requested by
the Owner Trustee and are reasonably within the capability of the Administrator.
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                                                                               6

            (ii) Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for promptly
notifying the Owner Trustee in the event that any withholding tax is imposed on
the Issuer's payments (or allocations of income) to a "Certificateholder" as
contemplated in Section 5.2(c) of the Trust Agreement. Any such notice shall
specify the amount of any withholding tax required to be withheld by the Owner
Trustee pursuant to such provision.

            (iii) Notwithstanding anything in this Agreement or the Related
Agreements to the contrary, the Administrator shall be responsible for
performance of the duties of the Owner Trustee and the Issuer set forth in
Sections 2.11, 2.12, 2.13 and 5.5(a), (b) and (c) and 5.7 of the Trust Agreement
with respect to, among other things, accounting and reports to
Certificateholders and the maintenance of Capital Accounts; provided, however,
that the Owner Trustee shall retain responsibility for the distribution of the
Schedule K-1s necessary to enable each Certificateholder to prepare its federal
and state income tax returns.

            (iv) The Administrator may satisfy its obligations with respect to
clauses (ii) and (iii) above by retaining, at the expense of the Administrator,
a firm of independent public accountants (the "Accountants") acceptable to the
Owner Trustee which shall perform the obligations of the Administrator
thereunder. In connection with paragraph (ii) above, the Accountants will
provide prior to January 15, 2004 a letter in form and substance satisfactory to
the Owner Trustee as to whether any tax withholding is then required and, if
required, the procedures to be followed with respect thereto to comply with the
requirements of the Code. The Accountants shall be required to update the letter
in each instance that any additional tax withholding is subsequently required or
any previously required tax withholding shall no longer be required.

            (v) The Administrator shall perform the duties of the Administrator
specified in Sections 10.2 and 10.3 of the Trust Agreement required to be
performed in connection with the resignation or removal of the Owner Trustee,
the duties of the Administrator specified in Section 10.5 of the Trust Agreement
required to be performed in connection with the appointment and payment of
co-Trustees, and any other duties expressly required to be performed by the
Administrator under the Trust Agreement.

            (vi) In carrying out the foregoing duties or any of its other
obligations under this Agreement, the Administrator may enter into transactions
with or otherwise deal with any of its Affiliates; provided, however, that the
terms of any such transactions or dealings shall be in accordance with any
directions received from the Issuer and shall be, in the Administrator's
opinion, no less favorable to the Issuer than would be available from
unaffiliated parties.

            (vii) It is the intention of the parties hereto that the
Administrator shall, and the Administrator hereby agrees to, execute on behalf
of the Issuer or the Owner Trustee all such documents, reports, filings,
instruments, certificates and opinions as it shall be the duty of the Issuer or
the Owner Trustee to prepare, file or deliver pursuant to the Basic Documents.
In furtherance thereof, the Owner Trustee shall, on behalf of itself and of the
Issuer, execute and deliver to the Administrator, and to each successor
Administrator appointed pursuant to the terms hereof, one or more powers of
attorney substantially in the form of Exhibit A hereto, appointing the
Administrator the attorney-in-fact of the Owner Trustee and the Issuer for the
purpose of executing on behalf of the Owner Trustee and the Issuer all such
documents, reports, filings, instruments, certificates and opinions.
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                                                                               7

            (c) Non-Ministerial Matters. (i) With respect to matters that in the
reasonable judgment of the Administrator are non-ministerial, the Administrator
shall not take any action unless within a reasonable time before the taking of
such action, the Administrator shall have notified the Owner Trustee of the
proposed action and the Owner Trustee shall not have withheld consent or
provided an alternative direction. For the purpose of the preceding sentence,
"non-ministerial matters" shall include, without limitation:

            (A) the initiation of any claim or lawsuit by the Issuer and the
compromise of any action, claim or lawsuit brought by or against the Issuer
(other than in connection with the collection of the Receivables);

            (B) the amendment, change or modification of the Related Agreements;

            (C) the appointment of successor Note Registrars, successor Paying
         Agents and successor Indenture Trustees pursuant to the Indenture or
         the appointment of successor Administrators or successor Servicers, or
         the consent to the assignment by the Note Registrar, the Paying Agent
         or the Indenture Trustee of its obligations under the Indenture; and

            (D) the removal of the Indenture Trustee.

            (ii) Notwithstanding anything to the contrary in this Agreement, the
Administrator shall not be obligated to, and shall not, (x) make any payments to
the Noteholders, the Certificateholders or the Class R Certificateholder under
the Related Agreements, (y) sell the Trust Estate pursuant to Section 5.4 of the
Indenture or (z) take any action that the Issuer directs the Administrator not
to take on its behalf.

            Section 2. Records.The Administrator shall maintain appropriate
books of account and records relating to services performed hereunder, which
books of account and records shall be accessible for inspection by the Issuer,
the Owner Trustee, the Indenture Trustee and the Seller at any time during
normal business hours.

            Section 3. Compensation.As compensation for the performance of the
Administrator's obligations under this Agreement, the Administrator shall be
entitled to $1,000 per month which shall be payable in accordance with Section
5.5 of the Sale and Servicing Agreement.

            Section 4. Additional Information To Be Furnished to Issuer.The
Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request,
including notification of Noteholders pursuant to Section 1(a)(i) hereof.
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                                                                               8

            Section 5. Independence of Administrator.For all purposes of this
Agreement, the Administrator shall be an independent contractor and shall not be
subject to the supervision of the Issuer or the Owner Trustee with respect to
the manner in which it accomplishes the performance of its obligations
hereunder. Unless expressly authorized by the Issuer or the Owner Trustee, as
the case may be, the Administrator shall have no authority to act for or
represent the Issuer or the Owner Trustee in any way and shall not otherwise be
deemed an agent of the Issuer or the Owner Trustee.

            Section 6. No Joint Venture.Nothing contained in this Agreement
shall (i) constitute the Administrator and either of the Issuer or the Owner
Trustee as members of any partnership, joint venture, association, syndicate,
unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them or (iii) be deemed to confer on any of them
any express, implied or apparent authority to incur any obligation or liability
on behalf of the others.

            Section 7. Other Activities of Administrator.(a) Nothing herein
shall prevent the Administrator or its affiliates from engaging in other
businesses or, in its sole discretion, from acting in a similar capacity as an
administrator for any other person or entity even though such person or entity
may engage in business activities similar to those of the Issuer, the Owner
Trustee or the Indenture Trustee.

            (b) The Administrator and its affiliates may generally engage in any
kind of business with any person party to a Related Agreement, any of its
affiliates and any person who may do business with or own securities of any such
person or any of its affiliates, without any duty to account therefor to the
Issuer, the Owner Trustee or the Indenture Trustee.

            Section 8. Term of Agreement; Resignation and Removal of
Administrator.(a) This Agreement shall continue in force until the dissolution
of the Issuer, upon which event this Agreement shall automatically terminate.

            (b) Subject to Sections 8(e) and (f), the Administrator may resign
its duties hereunder by providing the Issuer and the Owner Trustee with at least
60 days' prior written notice.

            (c) Subject to Sections 8(e) and (f), the Issuer may remove the
Administrator without cause by providing the Administrator with at least 60
days' prior written notice.

            (d) Subject to Sections 8(e) and (f), at the sole option of the
Issuer, the Administrator may be removed immediately upon written notice of
termination from the Issuer to the Administrator if any of the following events
shall occur:

            (i) the Administrator shall default in the performance of any of its
         duties under this Agreement and, after notice of such default, shall
         not cure such default within ten days (or, if such default cannot be
         cured in such time, shall not give within ten days such assurance of
         cure as shall be reasonably satisfactory to the Issuer);
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                                                                               9

            (ii) a court having jurisdiction in the premises shall enter a
         decree or order for relief, and such decree or order shall not have
         been vacated within 60 days, in respect of the Administrator in any
         involuntary case under any applicable bankruptcy, insolvency or other
         similar law now or hereafter in effect or appoint a receiver,
         liquidator, assignee, custodian, trustee, sequestrator or similar
         official for the Administrator or any substantial part of its property
         or order the winding-up or liquidation of its affairs; or

            (iii) the Administrator shall commence a voluntary case under any
         applicable bankruptcy, insolvency or other similar law now or hereafter
         in effect, shall consent to the entry of an order for relief in an
         involuntary case under any such law, or shall consent to the
         appointment of a receiver, liquidator, assignee, trustee, custodian,
         sequestrator or similar official for the Administrator or any
         substantial part of its property, shall consent to the taking of
         possession by any such official of any substantial part of its
         property, shall make any general assignment for the benefit of
         creditors or shall fail generally to pay its debts as they become due.

            The Administrator agrees that if any of the events specified in
clause (ii) or (iii) of this Section shall occur, it shall give written notice
thereof to the Issuer, the Owner Trustee and the Indenture Trustee within seven
days after the happening of such event.

            (e) No resignation or removal of the Administrator pursuant to this
Section shall be effective until (i) a successor Administrator shall have been
appointed by the Issuer and (ii) such successor Administrator shall have agreed
in writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

            (f) The appointment of any successor Administrator shall be
effective only after receipt of written confirmation from each Rating Agency
that the proposed appointment will not result in the qualification, downgrading
or withdrawal of any rating assigned to the Notes and Certificates by such
Rating Agency.

            (g) A successor Administrator shall execute, acknowledge and deliver
a written acceptance of its appointment hereunder to the resigning Administrator
and to the Issuer. Thereupon the resignation or removal of the resigning
Administrator shall become effective, and the successor Administrator shall have
all the rights, powers and duties of the Administrator under this Indenture. The
successor Administrator shall mail a notice of its succession to the Noteholders
and the Certificateholders. The resigning Administrator shall promptly transfer
or cause to be transferred all property and any related agreements, documents
and statements held by it as Administrator to the successor Administrator and
the resigning Administrator shall execute and deliver such instruments and do
other things as may reasonably be required for fully and certainly vesting in
the successor Administrator all rights, powers, duties and obligations
hereunder.

            (h) In no event shall a resigning Administrator be liable for the
acts or omissions of any successor Administrator hereunder.

            (i) In the exercise or administration of its duties hereunder and
under the Related Agreements, the Administrator may act directly or through its
agents or attorneys pursuant to agreements entered into with any of them, and
the Administrator shall not be liable for the conduct or misconduct of such
agents or attorneys if such agents or attorneys shall have been selected by the
Administrator with due care.
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                                                                              10

            Section 9. Action upon Termination, Resignation or Removal.Promptly
upon the effective date of termination of this Agreement pursuant to Section
8(a) or the resignation or removal of the Administrator pursuant to Section 8(b)
or (c), respectively, the Administrator shall be entitled to be paid all fees
and reimbursable expenses accruing to it to the date of such termination,
resignation or removal. The Administrator shall forthwith upon termination
pursuant to Section 8(a) deliver to the Issuer all property and documents of or
relating to the Collateral then in the custody of the Administrator. In the
event of the resignation or removal of the Administrator pursuant to Section
8(b) or (c), respectively, the Administrator shall cooperate with the Issuer and
take all reasonable steps requested to assist the Issuer in making an orderly
transfer of the duties of the Administrator.

            Section 10. Notices.Any notice, report or other communication given
hereunder shall be in writing and addressed as follows:

                           (a) if to the Issuer or the Owner Trustee, to

                           Wilmington Trust Company
                           Rodney Square North
                           1100 North Market Street
                           Wilmington, Delaware  19890-0001
                           Attention:  Corporate Trust Administration

                           with a copy to:

                           Chase Automotive Finance Corporation
                           900 Stewart Avenue
                           Garden City, New York 11530
                           Attention: Financial Controller

                           (b) if to the Administrator, to

                           JPMorgan Chase Bank 4
                           New York Plaza 6th Floor New York, New York 10004
                           Attention: Structured Finance

                           (c) if to the Indenture Trustee, to

                           Wells Fargo Bank Minnesota, National Association
                           Sixth Street and Marquette Avenue MAC N9311-161
                           Minneapolis, Minnesota  55479
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                                                                              11

                           (d) if to the Seller, to

                           Chase Manhattan Automotive Finance Corporation
                           900 Stewart Avenue
                           Garden City, New York 11530
                           Attention Financial Controller

or to such other address as any party shall have provided to the other parties
in writing. Any notice required to be in writing hereunder shall be deemed given
if such notice is mailed by certified mail, postage prepaid, or hand-delivered
to the address of such party as provided above, except that notices to the
Indenture Trustee are effective only upon receipt.

            Section 11. Amendments.This Agreement may be amended from time to
time by a written amendment duly executed and delivered by the Issuer, the
Administrator and the Indenture Trustee, with the written consent of the Owner
Trustee and without the consent of the Noteholders and the Certificateholders,
for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of modifying in any
manner the rights of the Noteholders or Certificateholders; provided that such
amendment will not, as evidenced by an Opinion of Counsel, materially and
adversely affect the interest of any Noteholder, any Certificateholder or the
Class R Certificateholder. This Agreement may also be amended by the Issuer, the
Administrator and the Indenture Trustee with the written consent of the Owner
Trustee and the holders of Notes evidencing a majority in the Outstanding Amount
of the Notes and the holders of Certificates evidencing a majority of the
Certificate Balance and the Class R Certificateholder for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of Noteholders, the
Certificateholders or the Class R Certificateholder; provided, however, that no
such amendment may (i) increase or reduce in any manner the amount of, or
accelerate or delay the timing of, collections of payments on Receivables or
distributions that are required to be made for the benefit of the Noteholders or
Certificateholders or (ii) reduce the aforesaid percentage of the holders of
Notes and Certificates which are required to consent to any such amendment,
without the consent of the holders of all the outstanding Notes and
Certificates. Notwithstanding the foregoing, the Administrator may not amend
this Agreement without the permission of the Seller, which permission shall not
be unreasonably withheld.

            Section 12. Successors and Assigns.This Agreement may not be
assigned by the Administrator unless such assignment is previously consented to
in writing by the Issuer and the Owner Trustee and subject to receipt by the
Owner Trustee of written confirmation from each Rating Agency that such
assignment will not result in the qualification, downgrading or withdrawal of
any rating assigned to the Notes and Certificates by such Rating Agency in
respect thereof. An assignment with such consent and satisfaction, if accepted
by the assignee, shall bind the assignee hereunder in the same manner as the
Administrator is bound hereunder. Notwithstanding the foregoing, this Agreement
may be assigned by the Administrator without the consent of the Issuer or the
Owner Trustee to a corporation or other organization that is a successor (by
merger, consolidation or purchase of assets) to the Administrator, provided that
such successor organization executes and delivers to the Issuer, the Owner
Trustee and the Indenture Trustee an agreement in which such corporation or
other organization agrees to be bound hereunder by the terms of said assignment
in the same manner as the Administrator is bound hereunder. Subject to the
foregoing, this Agreement shall bind any successors or assigns of the parties
hereto.
<PAGE>
                                                                              12

            Section 13. GOVERNING LAW.THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

            Section 14. Headings.The section headings hereof have been inserted
for convenience of reference only and shall not be construed to affect the
meaning, construction or effect of this Agreement.

            Section 15. Counterparts.This Agreement may be executed in
counterparts, each of which when so executed shall together constitute but one
and the same agreement.

            Section 16. Severability.Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

            Section 17. Not Applicable to JPMorgan Chase Bank in Other
Capacities.Nothing in this Agreement shall affect any obligation that JPMorgan
Chase Bank may have in any other capacity.

            Section 18. Limitation of Liability of Owner Trustee, Indenture
Trustee and Administrator.(a) Notwithstanding anything contained herein to the
contrary, this instrument has been signed by Wilmington Trust Company not in its
individual capacity but solely in its capacity as Owner Trustee of the Issuer
and in no event shall Wilmington Trust Company in its individual capacity or any
beneficial owner of the Issuer have any liability for the representations,
warranties, covenants, agreements or other obligations of the Issuer hereunder,
as to all of which recourse shall be had solely to the assets of the Issuer. For
all purposes of this Agreement, in the performance of any duties or obligations
of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to
the benefits of, the terms and provisions of Articles VI, VII and VIII of the
Trust Agreement.

            (b) Notwithstanding anything contained herein to the contrary, this
Agreement has been signed by Wells Fargo Bank Minnesota, not in its individual
capacity but solely as Indenture Trustee, and in no event shall Wells Fargo Bank
Minnesota have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder or in any of the
certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuer.

            (c) No recourse under any obligation, covenant or agreement of the
Issuer contained in this Agreement shall be had against any agent of the Issuer
(including the Administrator) as such by the enforcement of any assessment or by
any legal or equitable proceeding, by virtue of any statute or otherwise; it
being expressly agreed and understood that this Agreement is solely an
obligation of the Issuer as a Delaware statutory trust, and that no personal
liability whatsoever shall attach to or be incurred by any agent of the Issuer
(including the Administrator), as such, under or by reason of any of the
obligations, covenants or agreements of the Issuer contained in this Agreement,
or implied therefrom, and that any and all personal liability for breaches by
the Issuer of any such obligations, covenants or agreements, either at common
law or at equity, or by statute or constitution, of every such agent is hereby
expressly waived as a condition of and in consideration for the execution of
this Agreement.
<PAGE>
                                                                              13

            Section 19. Third-Party Beneficiary. Each of the Seller (to the
extent provided in Section 11) and the Owner Trustee is a third-party
beneficiary to this Agreement and is entitled to the rights and benefits
hereunder and may enforce the provisions hereof as if it were a party hereto.

            Section 20. Nonpetition Covenants.Notwithstanding any prior
termination of this Agreement, the Administrator, the Issuer and the Indenture
Trustee shall not, prior to the date which is one year and one day after the
termination of this Agreement with respect to the Issuer, acquiesce, petition or
otherwise invoke or cause the Issuer to invoke the process of any court of
government authority for the purpose of commencing or sustaining a case against
the Issuer under any Federal or state bankruptcy, insolvency or similar law or
appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official of the Issuer or any substantial part of its property, or
ordering the winding up or liquidation of the affairs of the Issuer.

            Section 21. Liability of Administrator.Notwithstanding any provision
of this Agreement, the Administrator shall not have any obligations under this
Agreement other than those specifically set forth herein, and no implied
obligations of the Administrator shall be read into this Agreement. Neither the
Administrator nor any of its directors, officers, agents or employees shall be
liable for any action taken or omitted to be taken in good faith by it or them
under or in connection with this Agreement, except for its or their own gross
negligence or willful misconduct and in no event shall the Administrator be
liable under or in connection with this Agreement for indirect, special, or
consequential losses or damages of any kind, including lost profits, even if
advised of the possibility thereof and regardless of the form of action by which
such losses or damages may be claimed. Without limiting the foregoing, the
Administrator may (a) consult with legal counsel (including counsel for the
Issuer), independent public accountants and other experts selected by it and
shall not be liable for any action taken or omitted to be taken in good faith by
it in accordance with the advice of such counsel, accountants or experts and (b)
shall incur no liability under or in respect of this Agreement by acting upon
any notice (including notice by telephone), consent, certificate or other
instrument or writing (which may be by facsimile) believed by it to be genuine
and signed or sent by the proper party or parties.

<PAGE>

                  IN WITNESS WHEREOF, the parties have caused this Agreement to
be duly executed and delivered as of the day and year first above written.

                          CHASE MANHATTAN AUTO OWNER TRUST
                                   2003-C

                          By:  WILMINGTON TRUST COMPANY,
                                   not in its individual capacity but solely
                                   as Owner Trustee,

                          By:      /s/ Janel R. Havrilla
                              ----------------------------------------
                                   Name:    Janel R. Havrilla
                                   Title:   Financial Services Officer

                          WELLS FARGO BANK MINNESOTA,
                                   NATIONAL ASSOCIATION,
                          not in its individual capacity but solely
                          as Indenture Trustee,

                          By:      /s/ Marianna C. Stershic
                              ----------------------------------------
                                   Name:    Marianna C. Stershic
                                   Title:   Vice President

                          JPMORGAN CHASE BANK,
                          as Administrator

                          By:      /s/ Craig M. Kantor
                              -------------------------------------------------
                                   Name:     Craig M. Kantor
                                   Title:    Vice President

<PAGE>

                                                                       EXHIBIT A
                           [Form of Power of Attorney]

                                POWER OF ATTORNEY

STATE OF DELAWARE     )
                      )
COUNTY OF NEW CASTLE  )

         KNOW ALL MEN BY THESE PRESENTS, that Chase Manhattan Auto Owner Trust
2003-C ("Trust"), does hereby make, constitute and appoint JPMORGAN CHASE BANK
as Administrator under the Administration Agreement (as defined below), and its
agents and attorneys, as Attorneys-in-Fact to execute on behalf of the Trust all
such documents, reports, filings, instruments, certificates and opinions as it
shall be the duty of the Trust to prepare, file or deliver pursuant to the
Related Agreements (as defined in the Administration Agreement), including,
without limitation, to appear for and represent the Trust in connection with the
preparation, filing and audit of federal, state and local tax returns pertaining
to the Trust, and with full power to perform any and all acts associated with
such returns and audits that the Trust could perform, including without
limitation, the right to distribute and receive confidential information, defend
and assert positions in response to audits, initiate and defend litigation, and
to execute waivers of restriction on assessments of deficiencies, consents to
the extension of any statutory or regulatory time limit, and settlements. For
the purpose of this Power of Attorney, the term "Administration Agreement" means
the Administration Agreement dated as of December 9, 2003 among the Trust,
JPMorgan Chase Bank, as Administrator, and Wells Fargo Bank Minnesota, National
Association, as Indenture Trustee, as such may be amended from time to time.

         All powers of attorney for this purpose heretofore filed or executed by
the Trust are hereby revoked.

         EXECUTED this 16th day of December, 2003.

                                  CHASE MANHATTAN AUTO OWNER TRUST   2003-C

                                  By:  WILMINGTON TRUST COMPANY,
                                  not in its individual capacity but solely
                                  as Owner Trustee

                                  By:
                                        ----------------------------------
                                           Name:
                                           Title:

---------------------------
       Notary Public<PAGE>

                                                                    Exhibit 10.1

                                 NET2PHONE, INC.

            1999 AMENDED AND RESTATED STOCK OPTION AND INCENTIVE PLAN

                        (AS AMENDED ON NOVEMBER 6, 2000)

            ---------------------------------------------------------
         1.       Purpose; Types of Awards; Construction.

                  The purpose of the Amended and Restated Net2Phone, Inc. 1999
Stock Option and Incentive Plan (the "Plan") is to provide incentives to
executive officers, other key employees, directors and consultants of Net2Phone,
Inc. (the "Company"), or any parent or subsidiary of the Company which now
exists or here after is organized or acquired by the Company, to acquire a
proprietary interest in the Company, to continue as officers, employees,
directors or consultants, to increase their efforts on behalf of the Company and
to promote the success of the Company's business. The provisions of the Plan are
intended to satisfy the requirements of Section 16(b) of the Securities Exchange
Act of 1934, as amended, and of Section 162(m) of the Internal Revenue Code of
1986, as amended, and shall be interpreted in a manner consistent with the
requirements thereof.

         2.       Definitions.

                  As used in this Plan, the following words and phrases shall
have the meanings indicated:

                  (a) "Agreement" shall mean a written agreement entered into
between the Company and a Grantee in connection with an award under the Plan.

                  (b) "Board" shall mean the Board of Directors of the Company.

                  (c) "Change in Control" means a change in ownership or control
of the Company effected through either of the following:

                           (i) any "person," as such term is used in Sections
13(d) and 14(d) of the Exchange Act (other than (A) the Company, (B) any trustee
or other fiduciary holding securities under an employee benefit plan of the
Company, (C) any corporation or other entity owned, directly or indirectly, by
the stockholders of the Company in substantially the same proportions as their
ownership of Common stock, or (D) any person who, immediately prior to the
Initial Public Offering, owned more than 25% of the combined voting power of the
Company's then outstanding voting securities), is or becomes the "beneficial
owner" (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of securities of the Company representing 25% or more of the
combined voting power of the Company's then outstanding voting securities; or

                           (ii) during any period of not more than two
consecutive years, not including any period prior to the initial adoption of
this Plan by the Board, individuals who at the beginning of such period
constitute the Board, and any new director (other than a director whose initial
assumption of office is in connection with an actual or threatened election
contest, including, but not limited to a consent solicitation, relating to the
election of directors of the Company) whose election by the Board or nomination
for election by the Company's stockholders was approved by a vote of at least
two-thirds (2/3) of the directors then still in office who either were directors
at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority
thereof.

                                       1
<PAGE>

                  (d) "Code" shall mean the Internal Revenue Code of 1986, as
amended from time to time.

                  (e) "Committee" shall mean the Compensation Committee of the
Board or such other committee as the Board may designate from time to time to
administer the Plan.

                  (f) "Common Stock" shall mean shares of common stock, par
value $.01 per share, of the Company.

                  (g) "Company" shall mean Net2Phone Inc., a corporation
organized under the laws of the State of Delaware, or any successor corporation.

                  (h) "Continuous Service" means that the provision of services
to the Company or a Related Entity in any capacity of officer, employee,
director or consultant is not interrupted or terminated. Continuous Service
shall not be considered interrupted in the case of (i) any approved leave of
absence, (ii) transfers between locations of the Company or among the Company,
any Related Entity or any successor in any capacity of officer, employee,
director or consultant, or (iii) any change in status as long as the individual
remains in the service of the Company or a Related Entity in any capacity of
officer, employee, director or consultant (except as otherwise provided in the
applicable Agreement). An approved leave of absence shall include sick leave,
maternity leave, military leave or any other authorized personal leave. For
purposes of Incentive Stock Options, no such leave may exceed ninety (90) days
unless reemployment upon expiration of such leave is guaranteed by statute or
contract.

                  (i) "Corporate Transaction" means any of the following
transactions:

                           (i) a merger or consolidation of the Company with any
other corporation or other entity, 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 the surviving or
parent entity) 80% or more of the combined voting power of the voting securities
of the Company or such surviving or parent 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" (as defined in the Exchange Act) acquired 25% or more of the combined
voting power of the Company's then outstanding securities; or

                                       2
<PAGE>

                           (ii) a plan of complete liquidation of the Company or
an agreement for the sale or disposition by the Company of all or substantially
all of its assets (or any transaction having a similar effect).

                  (j) "Disability" shall mean a Grantee's inability to perform
his or her duties with the Company or any of its affiliates by reason of any
medically determinable physical or mental impairment, as determined by a
physicians elected by the Grantee and acceptable to the Company.

                  (k) "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended from time to time.

                  (l) "Fair Market Value" per share as of a particular date
shall mean(i) the closing sale price per share of common stock on the national
securities exchange on which the common stock is principally traded for such
date or the last preceding date on which there was a sale of such common stock
on such exchange, as the Committee shall determine, or (ii) if the shares of
common stock are then traded in an over-the-counter market, the average of the
closing bid and asked prices for the shares of common stock in such
over-the-counter market for the last preceding date on which there was a sale of
such common stock in such market, or (iii) if the shares of common stock are not
then listed on a national securities exchange or traded in an over-the-counter
market, such value as the Committee, in its sole discretion, shall determine;
provided, however, that the Fair Market Value per share on the date of the
Initial Public Offering will equal the Initial Public Offering price per share
or such other price that the Committee determines in its sole discretion.

                  (m) "Grantee" shall mean a person who receives a grant of
Options, Stock Appreciation Rights, Limited Rights or Restricted Stock under the
Plan.

                  (n) "IDT" shall mean IDT Corporation, a Delaware corporation,
and any successor corporation thereto.

                  (o) "Incentive Stock Option" shall mean any option intended to
be, and designated as, an incentive stock option within the meaning of Section
422 of the Code.

                  (p) "Initial Public Offering" shall mean the underwritten
initial public offering of shares of common stock.

                  (q) "Insider" shall mean a Grantee who is subject to the
reporting requirements of Section 16(a) of the Exchange Act.

                                       3
<PAGE>

                  (r) "Limited Right" shall mean a limited stock appreciation
right granted pursuant to Section 10.

                  (s) "Non-Employee Director" means a member of the Board who is
not an employee of the Company or any Related Entity.

                  (t) "Nonqualified Stock Option" shall mean any option not
designated as an Incentive Stock Option.

                  (u) "Option" or "Options" shall mean a grant to a Grantee of
an option or options to purchase shares of common stock.

                  (v) "Option Agreement" shall have the meaning set forth in
Section 6.

                  (w) "Option Price" shall mean the exercise price of the shares
of common stock covered by an Option.

                  (x) "Parent" shall mean any company (other than the Company)
in an unbroken chain of companies ending with the Company if, at the time of
granting an award under the Plan, each of the companies other than the Company
owns stock possessing fifty percent (50%) or more of the total combined voting
power of all classes of stock in one of the other companies in such chain.

                  (y) "Plan" means this Net2Phone, Inc. 1999 Stock Option and
Incentive Plan, as amended from time to time.

                  (z) "Related Entity" means any Parent, Subsidiary or any
business, corporation, partnership, limited liability company or other entity in
which the Company, a Parent or a Subsidiary holds a controlling ownership
interest, directly or indirectly. IDT and each of its Subsidiaries shall be
deemed to be a Related Entity.

                  (aa) "Restricted Period" shall have the meaning set forth in
Section 11.

                  (bb) "Restricted Stock" means shares of common stock issued
under the Plan to a Grantee for such consideration, if any, and subject to such
restrictions on transfer, rights of refusal, repurchase provisions, forfeiture
provisions and other terms and conditions as shall be determined by the
Committee.

                  (cc) "Retirement" shall mean a Grantee's retirement in
accordance with the terms of any tax-qualified retirement plan maintained by the
Company or any of its affiliates in which the Grantee participates.

                  (dd) "Rule 16b-3" shall mean Rule 16b-3, as from time to time
in effect, promulgated under the Exchange Act, including any successor to such
Rule.

                                       4
<PAGE>

                  (ee) "Stock Appreciation Right" shall mean the right, granted
to a Grantee under Section 9, to be paid an amount measured by the appreciation
in the Fair Market Value of a share of common stock from the date of grant to
the date of exercise of the right, with payment to be made in cash or common
stock as specified in the award or determined by the Committee.

                  (ff) "Subsidiary" shall mean any company (other than the
Company) in an unbroken chain of companies beginning with the Company if, at the
time of granting an Option, each of the companies other than the last company in
the unbroken chain owns stock possessing fifty percent (50%) or more of the
total combined voting power of all classes of stock in one of the other
companies in such chain.

                  (gg) "Tax Event" shall have the meaning set forth in Section
17.

                  (hh) "Ten Percent Stockholder" shall mean a Grantee who, at
the time an Incentive Stock Option is granted, owns stock possessing more than
ten percent(10%) of the total combined voting power of all classes of stock of
the Company or any Parent or Subsidiary.

         3.       Administration.

                  (a) The Plan shall be administered by the Committee, the
members of which shall, except as may otherwise be determined by the Board, be
"non-employee directors" under Rule 16b-3 and "outside directors" under Section
162(m) of the Code. Prior to the formation of the Committee, the Board shall
exercise all powers of the Committee set forth herein.

                  (b) The Committee shall have the authority in its discretion,
subject to and not inconsistent with the express provisions of the Plan, to
administer the Plan and to exercise all the powers and authorities either
specifically granted to it under the Plan or necessary or advisable in the
administration of the Plan, including, without limitation, the authority to
grant Options, Stock Appreciation Rights, Limited Rights and Restricted Stock;
to determine which options shall constitute Incentive Stock Options and which
Options shall constitute Nonqualified Stock Options; to determine which Options
(if any) shall be accompanied by Limited Rights; to determine the purchase price
of the shares of common stock covered by each option; to determine the persons
to whom, and the time or times at which awards shall be granted; to determine
the number of shares to be covered by each award; to interpret the Plan; to
prescribe, amend and rescind rules and regulations relating to the Plan; to
determine the terms and provisions of the Agreements (which need not be
identical) and to cancel or suspend awards, as necessary; and to make all other
determinations deemed necessary or advisable for the administration of the Plan.

                  (c) All decisions, determinations and interpretations of the
Committee shall be final and binding on all Grantees of any awards under this
Plan. No member of the Board or Committee shall be liable for any action taken
or determination made in good faith with respect to the Plan or any award
granted hereunder.

                                       5
<PAGE>

         4.       Eligibility.

                  Awards may be granted to executive officers, other key
employees, directors and consultants of the Company or of any Related Entity. In
addition to any other awards granted to Non-Employee Directors hereunder, awards
shall be granted to Non-Employee Directors pursuant to Section 14 hereof. In
determining the persons to whom awards shall be granted and the number of shares
to be covered by each award, the Committee shall take into account the duties of
the respective persons, their present and potential contributions to the success
of the Company and such other factors as the Committee shall deem relevant in
connection with accomplishing the purposes of the Plan.

         5.       Stock.

                  (a) The maximum number of shares of common stock reserved for
the grant of awards under the Plan shall be 18,940,000, subject to adjustment as
provided in Section 12 hereof. Such shares may, in whole or in part, be
authorized but unissued shares or shares that shall have been or may be
reacquired by the Company.

                  (b) If any outstanding award under the Plan should, for any
reason expire, be canceled or be forfeited (other than in connection with the
exercise of a Stock Appreciation Right or a Limited Right), without having been
exercised in full, the shares of common stock allocable to the unexercised,
canceled or terminated portion of such award shall (unless the Plan shall have
been terminated) become available for subsequent grants of awards under the
Plan.

                  (c) Except as the Committee may otherwise determine, in no
event may a Grantee be granted during any calendar year Options to acquire more
than 750,000 shares of common stock or more than 750,000 shares of Restricted
Stock, in each case subject to adjustment as provided in Section 12 hereof.

         6.       Terms and Conditions of Options.

                  (a) Option Agreement. Each Option granted pursuant to the Plan
shall be evidenced by a written agreement between the Company and the Grantee
(the "Option Agreement"), in such form and containing such terms and conditions
as the Committee shall from time to time approve, which Option Agreement shall
comply with and be subject to the following terms and conditions, unless
otherwise specifically provided in such Option Agreement. For purposes of
interpreting this Section 6, a director's service as a member of the Board shall
be deemed to be employment with the Company.

                  (b) Number of Shares. Each Option Agreement shall state the
number of shares of common stock to which the Option relates.

                                       6
<PAGE>

                  (c) Type of Option. Each Option Agreement shall specifically
state that the Option constitutes an Incentive Stock Option or a Nonqualified
Stock Option. In the absence of such designation, the Option will be deemed to
be a Nonqualified Stock Option.

                  (d) Option Price. Each Option Agreement shall state the Option
Price, which, in the case of an Incentive Stock Option, shall not be less than
one hundred percent (100%) of the Fair Market Value of the shares of common
stock covered by the Option on the date of grant. The Option Price shall be
subject to adjustment as provided in Section 12 hereof.

                  (e) Medium and Time of Payment. The Option Price shall be paid
in full, at the time of exercise, in cash or in shares of common stock (whether
then owned by the Grantee or issuable upon exercise of the Option) having a Fair
Market Value equal to such Option Price or in a combination of cash and common
stock, including a cashless exercise procedure through a broker-dealer;
provided, however, that in the case of an Incentive Stock Option the medium of
payment shall be determined at the time of grant and set forth in the applicable
Option Agreement.

                  (f) Term and Exercisability of Options. Each Option Agreement
shall provide the exercise schedule for the Option as determined by the
Committee, provided, that, the Committee shall have the authority to accelerate
the exercisability of any outstanding option at such time and under such
circumstances as it, in its sole discretion, deems appropriate. The exercise
period will be ten (10) years from the date of the grant of the option unless
otherwise determined by the Committee; provided, however, that in the case of an
Incentive Stock Option, such exercise period shall not exceed ten (10) years
from the date of grant of such Option. The exercise period shall be subject to
earlier termination as provided in Sections 6(g) and 6(h) hereof. An Option may
be exercised, as to any or all full shares of common stock as to which the
Option has become exercisable, by written notice delivered in person or by mail
to the Company's transfer agent or other administrator designated by the
Company, specifying the number of shares of common stock with respect to which
the Option is being exercised.

                  (g) Termination. Except as provided in this Section 6(g) and
in Section 6(h) hereof, an Option may not be exercised unless the Grantee is
then in the employ of or maintaining a director or consultant relationship with
the Company or a Related Entity (or a company or a Parent or Subsidiary of such
company issuing or assuming the Option in a transaction to which Section 424(a)
of the Code applies), and unless the Grantee has remained continuously so
employed or in the director or consultant relationship since the date of grant
of the Option. In the event that the employment or consultant relationship of a
Grantee shall terminate (other than by reason of death, Disability or
Retirement), all Options of such Grantee that are exercisable at the time of
Grantee's termination may, unless earlier terminated in accordance with their
terms, be exercised within three (3) months after the date of such termination
(or such different period as the Committee shall prescribe).

                                       7
<PAGE>

                  (h) Death, Disability or Retirement of Grantee. If a Grantee
shall die while employed by, or maintaining a director or consultant
relationship with, the Company or a Related Entity, or within thirty (30) days
after the date of termination of such Grantee's employment, director or
consultant relationship(or within such different period as the Committee may
have provided pursuant to Section 6(g) hereof), or if the Grantee's employment,
director or consultant relationship shall terminate by reason of Disability, all
Options theretofore granted to such Grantee (to the extent otherwise
exercisable) may, unless earlier terminated in accordance with their terms, be
exercised by the Grantee or by the Grantee's estate or by a person who acquired
the right to exercise such Options by bequest or inheritance or otherwise by
result of death or Disability of the Grantee, at any time within 180 days after
the death or Disability of the Grantee (or such different period as the
Committee shall prescribe). In the event that an Option granted hereunder shall
be exercised by the legal representatives of a deceased or former Grantee,
written notice of such exercise shall be accompanied by a certified copy of
letters testamentary or equivalent proof of the right of such legal
representative to exercise such Option. In the event that the employment or
consultant relationship of a Grantee shall terminate on account of such
Grantee's Retirement, all Options of such Grantee that are exercisable at the
time of such Retirement may, unless earlier terminated in accordance with their
terms, be exercised at any time within one hundred eighty (180) days after the
date of such Retirement (or such different period as the Committee shall
prescribe). Unless otherwise provided in the applicable Agreement, in the case
of awards granted to consultants who do not provide services to the Company or
to a Related Entity on an ongoing basis, for the purpose of determining the
rights of such consultant under the Plan, the Committee shall determine the
date, if any, upon which the consultant's relationship with the Company or the
Related Entity shall have been terminated.

                  (i) Other Provisions. The Option Agreements evidencing awards
under the Plan shall contain such other terms and conditions not inconsistent
with the Plan as the Committee may approve.

         7.       Nonqualified Stock Options.

                  Options granted pursuant to this Section 7 are intended to
constitute Nonqualified Stock Options and shall be subject only to the general
terms and conditions specified in Section 6 hereof.

         8.       Incentive Stock Options.

                  Options granted pursuant to this Section 8 are intended to
constitute Incentive Stock Options and shall be subject to the following special
terms and conditions, in addition to the general terms and conditions specified
in Section 6 hereof:

                  (a) Limitation on Value of Shares. To the extent that the
aggregate Fair Market Value of shares of common stock subject to Options
designated as Incentive Stock Options which become exercisable for the first
time by a Grantee during any calendar year (under all plans of the Company or
any Subsidiary) exceeds $100,000, such excess Options, to the extent of the
shares covered thereby in excess of the foregoing limitation, shall be treated
as Nonqualified Stock Options. For this purpose, Incentive Stock Options shall
be taken into account in the order in which they were granted, and the Fair
Market Value of the shares of common stock shall be determined as of the date
that the Option with respect to such shares was granted.

                                       8
<PAGE>

                  (b) Ten Percent Stockholder. In the case of an Incentive Stock
Option granted to a Ten Percent Stockholder, (i) the Option Price shall not be
less than one hundred ten percent (110%) of the Fair Market Value of the shares
of common stock on the date of grant of such Incentive Stock Option, and (ii)
the exercise period shall not exceed five (5) years from the date of grant of
such Incentive Stock Option.

         9.       Stock Appreciation Rights.

                  The Committee shall have authority to grant a Stock
Appreciation Right to the Grantee of any Option under the Plan with respect to
all or some of the shares of common stock covered by such related Option. A
Stock Appreciation Right shall, except as provided in this Section 9 or as may
be determined by the Committee, be subject to the same terms and conditions as
the related Option. Each Stock Appreciation Right granted pursuant to the Plan
shall be evidenced by a written Agreement between the Company and the Grantee in
such form as the Committee shall from time to time approve, which Agreement
shall comply with and be subject to the following terms and conditions, unless
otherwise specifically provided in such Agreement:

                  (a) Time of Grant. A Stock Appreciation Right may be granted
either at the time of grant of the related option, or at any time thereafter
during the term of the Option; provided, however that Stock Appreciation Rights
related to Incentive Stock Options may only be granted at the time of grant of
the related Option.

                  (b) Payment. A Stock Appreciation Right shall entitle the
holder thereof, upon exercise of the Stock Appreciation Right or any portion
thereof, to receive payment of an amount computed pursuant to Section 9(d).

                  (c) Exercise. A Stock Appreciation Right shall 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 the related
option may be transferable. A Stock Appreciation Right granted in connection
with an Incentive Stock Option shall be exercisable only if the Fair Market
Value of a share of common stock on the date of exercise exceeds the purchase
price specified in the related Incentive Stock Option. Unless otherwise approved
by the Committee, no Grantee shall be permitted to exercise any Stock
Appreciation Right (i) until six (6) months have elapsed from the date of grant
or (ii) during the period beginning two weeks prior to the end of each of the
Company's fiscal quarters and ending on the second business day following the
day on which the Company releases to the public a summary of its fiscal results
for such period.

                                       9
<PAGE>

                  (d) Amount Payable. Upon the exercise of a Stock Appreciation
Right, the Optionee shall be entitled to receive an amount determined by
multiplying (i)the excess of the Fair Market Value of a share of common stock on
the date of exercise of such Stock Appreciation Right over the Option Price of
the related Option, by (ii) the number of shares of common stock as to which
such Stock Appreciation Right is being exercised.

                  (e) Treatment of Related Options And Stock Appreciation Rights
Upon Exercise. Upon the exercise of a Stock Appreciation Right, the related
Option shall be canceled to the extent of the number of shares of common stock
as to which the Stock Appreciation Right is exercised. Upon the exercise or
surrender of an option granted in connection with a Stock Appreciation Right,
the Stock Appreciation Right shall be canceled to the extent of the number of
shares of common stock as to which the Option is exercised or surrendered.

                  (f) Method of Exercise. Stock Appreciation Rights shall be
exercised by a Grantee only by a written notice delivered to the Company in
accordance with procedures specified by the Company from time to time. Such
notice shall state the number of shares of common stock with respect to which
the Stock Appreciation Right is being exercised. A Grantee may also be required
to deliver to the Company the underlying Agreement evidencing the Stock
Appreciation Right being exercised and any related Option Agreement so that a
notation of such exercise may be made thereon, and such Agreements shall then be
returned to the Grantee.

                  (g) Form of Payment. Payment of the amount determined under
Section 9(d)may be made solely in whole shares of common stock in a number based
upon their Fair Market Value on the date of exercise of the Stock Appreciation
Right or, alternatively, at the sole discretion of the Committee, solely in
cash, or in a combination of cash and shares of common stock as the Committee
deems advisable. 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.

         10.      Limited Stock Appreciation Rights.

                  The Committee shall have authority to grant a Limited Right to
the Grantee of any Option under the Plan with respect to all or some of the
shares of common stock covered by such related Option. Each Limited Right
granted pursuant to the Plan shall be evidenced by a written Agreement between
the Company and the Grantee, in such form as the Committee shall from time to
time approve, which Agreement shall comply with and be subject to the following
terms and conditions, unless otherwise specifically provided in such Agreement:

                  (a) Time Of Grant. A Limited Right granted in tandem with a
Nonqualified Stock Option may be granted either at the time of grant of the
related Option or any time thereafter during its term. A Limited Right granted
in tandem with an Incentive Stock Option may only be granted at the time of
grant of the related Option.

                                       10
<PAGE>

                  (b) Exercise. A Limited Right may be exercised only (i) during
the ninety-day period following the occurrence of a Change in Control or
(ii)immediately prior to the effective date of a Corporate Transaction. Each
Limited Right shall be exercisable only if, and to the extent that, the related
Option is exercisable and, in the case of a Limited Right granted in tandem with
an Incentive Stock Option, only when the Fair Market Value per share of common
stock exceeds the Option Price per share. Notwithstanding the provisions of the
two immediately preceding sentences (or unless otherwise approved by the
Committee), a Limited Right granted to a Grantee who is an Insider must be
(x)held by the Insider for at least six (6) months from the date of grant of the
Limited Right before it becomes exercisable and (y) automatically paid out in
cash to the Insider upon the occurrence of a Change in Control or a Corporate
Transaction (provided such six (6) month holding period requirement has been
met).

                  (c) Amount Payable. Upon the exercise of a Limited Right, the
Grantee thereof shall receive in cash whichever of the following amounts is
applicable:

                           (i) in the case of the realization of Limited Rights
by reason of an acquisition of common stock described in clause (i) of the
definition of "Change in Control" (Section 2(c) above), an amount equal to the
Acquisition Spread as defined in Section 10(d)(ii) below; or

                           (ii) in the case of the realization of Limited Rights
by reason of stockholder approval of an agreement or plan described in clause
(i) of the definition of "Corporate Transaction" (Section 2(j) above), an amount
equal to the Merger Spread as defined in Section 10(d)(iv) below; or

                           (iii) in the case of the realization of Limited
Rights by reason of the change in composition of the Board described in clause
(ii) of the definition of "Change in Control" or stockholder approval of a plan
or agreement described in clause (ii) of the definition of Corporate
Transaction, an amount equal to the Spread as defined in Section 10(d)(v) below.

         Notwithstanding the foregoing provisions of this Section 10(c) (or
unless otherwise approved by the Committee), in the case of a Limited Right
granted in respect of an Incentive Stock Option, the Grantee may not receive an
amount in excess of the maximum amount that will enable such option to continue
to qualify under the Code as an Incentive Stock Option.

                  (d) Determination of Amounts Payable. The amounts to be paid
to a Grantee pursuant to Section 10(c) shall be determined as follows:

                           (i) The term "Acquisition Price per Share" as used
herein shall mean, with respect to the exercise of any Limited Right by reason
of an acquisition of common stock described in clause (i) of the definition of
Change in Control, the greatest of (A) the highest price per share shown on the
Statement on Schedule 13D or amendment thereto filed by the holder of 25% or
more of the voting power of the Company that gives rise to the exercise of such
Limited Right, (B) the highest price paid in any tender or exchange offer which
is in effect at any time during the ninety-day period ending on the date of
exercise

                                       11
<PAGE>

                           (ii) of the Limited Right, or (C) the highest Fair
Market Value per share of common stock during the ninety-day period ending on
the date the Limited Right is exercised.

                           (iii) The term "Acquisition Spread" as used herein
shall mean an amount equal to the product computed by multiplying (A) the excess
of (1) the Acquisition Price per Share over (2) the Option Price per share of
common stock at which the related option is exercisable, by (B) the number of
shares of common stock with respect to which such Limited Right is being
exercised.

                           (iv) The term "Merger Price per Share" as used herein
shall mean, with respect to the exercise of any Limited Right by reason of
stockholder approval of an agreement described in clause (i) of the definition
of Corporate Transaction, the greatest of (A) the fixed or formula price for the
acquisition of shares of common stock specified in such agreement, if such fixed
or formula price is determinable on the date on which such Limited Right is
exercised, (B) the highest price paid in any tender or exchange offer which is
in effect at any time during the ninety- day period ending on the date of
exercise of the Limited Right, (C) the highest Fair Market Value per share of
common stock during the ninety-day period ending on the date on which such
Limited Right is exercised.

                           (v) The term "Merger Spread" as used herein shall
mean an amount equal to the product computed by multiplying (A) the excess of
(1) the Merger Price per Share over (2) the Option Price per share of common
stock at which the related Option is exercisable, by (B) the number of shares of
common stock with respect to which such Limited Right is being exercised.

                           (vi) The term "Spread" as used herein shall mean,
with respect to the exercise of any Limited Right by reason of a change in the
composition of the Board described in clause (ii) of the definition of Change in
Control or stockholder approval of a plan or agreement described in clause (ii)
of the definition of Corporate Transaction, an amount equal to the product
computed by multiplying (i) the excess of (A) the greater of (1) the highest
price paid in any tender or exchange offer which is in effect at any time during
the ninety-day period ending on the date of exercise of the Limited Right or (2)
the highest Fair Market Value per share of common stock during the ninety-day
period ending on the date the Limited Right is exercised over (B) the Option
Price per share of common stock at which the related Option is exercisable, by
(ii) the number of shares of common stock with respect to which the Limited
Right is being exercised.

                                       12
<PAGE>

                  (e) Treatment of Related Options and Limited Rights Upon
Exercise. Upon the exercise of a Limited Right, the related Option shall cease
to be exercisable to the extent of the shares of common stock with respect to
which such Limited Right is exercised but shall be considered to have been
exercised to that extent for purposes of determining the number of shares of
common stock available for the grant of further awards pursuant to this Plan.
Upon the exercise or termination of a related Option, the Limited Right with
respect to such related Option shall terminate to the extent of the shares of
common stock with respect to which the related Option was exercised or
terminated.

                  (f) Method of Exercise. To exercise a Limited Right, the
Grantee shall (i) deliver written notice to the Company specifying the number of
shares of common stock with respect to which the Limited Right is being
exercised, and(ii) if requested by the Committee, deliver to the Company the
Agreement evidencing the Limited Rights being exercised and, if applicable, the
Option Agreement evidencing the related Option; the Company shall endorse
thereon a notation of such exercise and return such Agreements to the Grantee.
The date of exercise of a Limited Right that is validly exercised shall be
deemed to be the date on which there shall have been delivered the instruments
referred to in the first sentence of this paragraph (f).

         11.      Restricted Stock.

                  The Committee may award shares of Restricted Stock to any
eligible employee or consultant. Each award of Restricted Stock under the Plan
shall be evidenced by a written Agreement between the Company and the Grantee,
in such form as the Committee shall from time to time approve, which Agreement
shall comply with and be subject to the following terms and conditions, unless
otherwise specifically provided in such Agreement:

                  (a) Number of Shares. Each Agreement shall state the number of
shares of Restricted Stock to be subject to an award.

                  (b) Restrictions. Shares of Restricted Stock may not be sold,
assigned, transferred, pledged, hypothecated or otherwise disposed of, except by
will or the laws of descent and distribution, for such period as the Committee
shall determine from the date on which the award is granted (the "Restricted
Period"). The Committee may also impose such additional or alternative
restrictions and conditions on the shares as it deems appropriate including the
satisfaction of performance criteria. Such performance criteria may include
sales, earnings before interest and taxes, return on investment, earnings per
share, any combination of the foregoing or rate of growth of any of the
foregoing, as determined by the Committee. Certificates for shares of stock
issued pursuant to Restricted Stock awards shall bear an appropriate legend
referring to such restrictions, and any attempt to dispose of any such shares of
stock in contravention of such restrictions shall be null and void and without
effect. During the Restricted Period, such certificates shall be held in escrow
by an escrow agent appointed by the Committee. In determining the Restricted
Period of an award, the Committee may provide that the foregoing restrictions
shall lapse with respect to specified percentages of the awarded shares on
successive anniversaries of the date of such award.

                                       13
<PAGE>

                  (c) Forfeiture. Subject to such exceptions as may be
determined by the Committee, if the Grantee's continuous employment or
consultant relationship with the Company or a Related Entity shall terminate for
any reason prior to the expiration of the Restricted Period of an award, any
shares remaining subject to restrictions (after taking into account the
provisions of Subsection (e) of this Section 11) shall thereupon be forfeited by
the Grantee and transferred to, and retired by, the Company without cost to the
Company or such Related Entity.

                  (d) Ownership. During the Restricted Period the Grantee shall
possess all incidents of ownership of such shares, subject to Subsection (b) of
this Section 11, including the right to receive dividends with respect to such
shares and to vote such shares.

                  (e) Accelerated Lapse of Restrictions. Upon the occurrence of
any of the events specified in Section 13 (and subject to the conditions set
forth therein), all restrictions then outstanding on any shares of Restricted
Stock awarded under the Plan shall lapse as of the applicable date set forth in
Section 13. The Committee shall have the authority (and the Agreement may so
provide) to cancel all or any portion of any outstanding restrictions prior to
the expiration of the Restricted Period with respect to any or all of the shares
of Restricted Stock awarded on such terms and conditions as the Committee shall
deem appropriate.

         12.      Effect of Certain Changes.

                  (a) Adjustments Upon Changes in Capitalization. In the event
of any extraordinary dividend, stock dividend (including a spin-off or split-off
of a Subsidiary), recapitalization, merger, consolidation, stock split, warrant
or rights issuance, or combination or exchange of such shares, or other similar
transactions, the Committee shall equitably adjust (i) the maximum number of
Options or shares of Restricted Stock that may be awarded to a Grantee in any
calendar year (as provided in Section 5 hereof), (ii) the number of shares of
common stock available for awards under the Plan, (iii) the number of such
shares covered by outstanding awards and/or (iv) the price per share of Options
or the applicable market value of Stock Appreciation Rights or Limited Rights,
in each such case so as to reflect such event and preserve the value of such
awards; provided, however, that any fractional shares resulting from such
adjustment shall be eliminated.

                  (b) Change in Common Stock. In the event of a change in the
common stock of the Company as presently constituted that is limited to a change
of all of its authorized shares of common stock into the same number of shares
with a different par value or without par value, the shares resulting from any
such change shall be deemed to be the common stock within the meaning of the
Plan.

                                       14
<PAGE>

         13.      Corporate Transaction.

                  Unless otherwise provided in the applicable Agreement, in the
event of a Corporate Transaction, each award which is at the time outstanding
and unexercised under the Plan shall automatically terminate and, in the case of
an award of Restricted Stock, shall be released from any restrictions on
transfer and repurchase or forfeiture rights, immediately prior to the specified
effective date of such Corporate Transaction. However, all such awards shall not
terminate if the awards are, in connection with the Corporate Transaction,
assumed by the successor corporation or Parent thereof.

         14.      Non-Employee Director Options.

                  The provisions of this Section 14 shall apply only to certain
grants of Options to Non-Employee Directors, as provided below. Except as set
forth in this Section 14, the other provisions of the Plan shall apply to grants
of Options to Non-Employee Directors to the extent not inconsistent with this
Section. For purposes of interpreting Section 6 of the Plan, a Non-Employee
Director's service as a member of the Board shall be deemed to be employment
with the Company.

                  (a) General. Non-Employee Directors shall receive Nonqualified
Stock Options in accordance with this Section 14. The Option Price per share of
common stock purchasable under Options granted to Non-Employee Directors shall
be the Fair Market Value of a share on the date of grant. Options granted
pursuant to this Section 14 shall be subject to the terms of such section and
shall not be subject to discretionary acceleration of exercisability by the
Committee.

                  (b) Initial Grants. On the date of the Initial Public
Offering, each Non-Employee Director will be granted automatically, without
action by the Committee, an Option to purchase 10,000 shares of common stock.
The Option Price shall equal the offering price of the common stock in
connection with the Initial Public Offering.

                  (c) Subsequent Grants. Each person who, after the Initial
Public Offering, becomes a Non-Employee Director for the first time, will, at
the time such director is elected and duly qualified, be granted automatically,
without action by the Committee, an Option to purchase 10,000 shares of common
stock. The Option Price shall equal the Fair Market Value of the common stock as
of the date of grant.

                  (d) Annual Grants. On each anniversary date of a Non-Employee
Director's initial election to the Board, such Non-Employee Director will be
granted automatically, without action by the Committee, an Option to purchase
10,000 shares of common stock. The Option Price shall equal the Fair Market
Value of the common stock as of the date of grant.

                                       15
<PAGE>

                  (e) Vesting. Each option granted under this Section 14 shall
be fully exercisable on the date of grant. Sections 6(f), 6(g) and 6(h) hereof
shall not apply to Options granted to Non-Employee Directors.

                  (f) Duration. Each Option granted to a Non-Employee Director
shall expire on the first to occur of (i) the tenth anniversary of the date of
grant of the Option, (ii) the first anniversary of the Non-Employee Director's
termination of service as a member of the Board other than for Cause or (iii)
three months following the Non-Employee Director's removal from the Board for
Cause. The Committee may not provide for an extended exercise period beyond the
periods set forth in this Section 14.l

         (l) Definition of "cause." For purposes of this Section 14, "cause"
shall mean the termination of service as a member of the Board by a Non-Employee
Director due to any act of (i) fraud or intentional misrepresentation, (ii)
embezzlement, misappropriation or conversion of assets or opportunities of the
Company or any Subsidiary, or (iii) any other act deemed by the Board to be
detrimental to the Company.

         15.      Period During which Awards May Be Granted.

                  Awards may be granted pursuant to the Plan from time to time
within a period of ten (10) years from April 27, 1999, the date the Plan was
initially adopted by the Board.

         16.      Transferability of Awards.

                  (a) Incentive Stock Options (and any Stock Appreciation Rights
related thereto) may not be sold, pledged, assigned, hypothecated, transferred
or disposed of in any manner other than by the laws of descent and distribution
and may be exercised, during the lifetime of the Grantee, only by the Grantee or
his or her guardian or legal representative.

                  (b) Nonqualified Stock Options (together with any Stock
Appreciation Rights or Limited Rights related thereto) shall be transferable in
the manner and to the extent acceptable to the Committee, as may be evidenced by
a writing signed by the Company and the Grantee, or in such other matter as the
Committee shall provide. Notwithstanding the transfer by a Grantee of a
Nonqualified Stock Option, the Grantee will continue to remain subject to the
withholding tax requirements set forth in Section 17 hereof.

                  (c) The terms of any award granted under the Plan, including
the transferability of any such award, shall be binding upon the executors,
administrators, heirs and successors of the Grantee.

                                       16
<PAGE>

         17.      Agreement by Grantee regarding Withholding Taxes.

                  If the Committee shall so require, as a condition of exercise
of an Option, Stock Appreciation Right or Limited Right or the expiration of a
Restricted Period (each, a "Tax Event"), each Grantee shall agree that no later
than the date of the Tax Event, the Grantee will pay to the Company or make
arrangements satisfactory to the Committee regarding payment of any federal,
state or local taxes of any kind required by law to be withheld upon the Tax
Event. Alternatively, the Committee may provide that a Grantee may elect, to the
extent permitted or required by law, to have the Company deduct federal, state
and local taxes of any kind required by law to be withheld upon the Tax Event
from any payment of any kind due to the Grantee. The withholding obligation may
be satisfied by the withholding or delivery of common stock.

         18.      Rights as a Stockholder.

                  Except as provided in Section 11(d) hereof, a Grantee or a
transferee of an award shall have no rights as a stockholder with respect to any
shares covered by the award until the date of the issuance of a stock
certificate to him or her for such shares. No adjustment shall be made for
dividends (ordinary or extraordinary, whether in cash, securities or other
property) or distribution of other rights for which the record date is prior to
the date such stock certificate is issued, except as provided in Section 12(a)
hereof.

         19.      No Rights to Employment.

                  Nothing in the Plan or in any award granted or Agreement
entered into pursuant hereto shall confer upon any Grantee the right to continue
in the employ of, or in a consultant relationship with, the Company or any
Related Entity or to be entitled to any remuneration or benefits not set forth
in the Plan or such Agreement or to interfere with or limit in any way the right
of the Company or any such Related Entity to terminate such Grantee's
employment. Awards granted under the Plan shall not be affected by any change in
duties or position of a Grantee as long as such Grantee continues to be employed
by, or in a consultant relationship with, the Company or any Related Entity.

         20.      Beneficiary.

                  A Grantee may file with the Committee a written designation of
a beneficiary on such form as may be prescribed by the Committee and may, from
time to time, amend or revoke such designation. If no designated beneficiary
survives the Grantee, the executor or administrator of the Grantee's estate
shall be deemed to be the Grantee's beneficiary.

                                       17
<PAGE>

         21.      Stockholder Approval; Amendment and Termination of the Plan.

                  (a) Stockholder Approval. The Plan initially became effective
when adopted by the Board and stockholders of the Company on April 27, 1999 and
shall terminate on the tenth anniversary of such date. This amendment and
restatement of the Plan became effective upon its adoption by the Board on
November 6, 2000.

                  (b) Amendment and Termination of the Plan. The Board at any
time and from time to time may suspend, terminate, modify or amend the Plan;
however, unless otherwise determined by the Board, an amendment that requires
stockholder approval in order for the Plan to continue to comply with Rule 16b-3
or any other law, regulation or stock exchange requirement shall not be
effective unless approved by the requisite vote of stockholders. Except as
provided in Section 12(a) hereof, no suspension, termination, modification or
amendment of the Plan may adversely affect any award previously granted, unless
the written consent of the Grantee is obtained.

         22.      Governing Law.

                  The Plan and all determinations made and actions taken
pursuant hereto shall be governed by the laws of the State of Delaware.

                                    * * * * *

                                       18

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