Document:

<PAGE>
                                                                   EXHIBIT 10.51

                             FIRST AMENDMENT TO THE
                          BRIGHTPOINT, INC. 401(K) PLAN

              This First Amendment to the Brightpoint, Inc. 401(k) Plan is
adopted by Brightpoint, Inc. (the "Company").

                                   BACKGROUND

              A. The Company adopted the Brightpoint, Inc. 401(k) Plan (the
"Plan") effective January 1, 1996.

              B. The Plan was amended and restated in its entirety, effective
January 1, 1999. C. The Company now wishes to amend the Plan.

                                    AMENDMENT

              Therefore, the Company hereby amends the Plan as follows:

              1.  Effective January 1, 2002, Section 4.04(d) is amended to read
                  as follows:

                  (d) Matching Contributions will be made in cash.

              2.  Effective January 1, 2002, Section 5.07 is amended to read as
                  follows:

                  Section 5.07. Crediting of Contributions and Forfeitures to
              Particular Funds. A Participant's Salary Redirection, Matching,
              Profit Sharing, and Rollover Accounts will be invested in a
              particular Fund or Funds according to his written designation.
              Subject to any rules the Plan Administrator may reasonably
              establish, a Participant may invest in more than one Fund. If the
              Participant does not designate a particular Fund, contributions
              and forfeitures allocated to his Accounts will be invested in a
              Fund designated by addendum to the Plan as the Fund to receive
              these allocations. Effective May 1, 2002, new contributions and
              forfeitures allocated to any Plan Account shall not be invested in
              the Company Stock Fund.

<PAGE>
              3.  Effective May 1, 2002, Section 5.08 is amended to read as
                  follows:

                  Section 5.08. Transfers Among Funds.

                  (a) A Participant may cause all or a part of his Accounts that
              are invested in the Company Stock Fund to be transferred to
              another Fund. A Participant may not cause any part of any Account
              to be transferred into the Company Stock Fund.

                  (b) Except as otherwise provided in subsection (a), a
              Participant may, to the extent permitted by the Plan
              Administrator, cause all or a part of his Salary Redirection
              Account, Matching Account, Profit Sharing Account, and Rollover
              Account invested in one Fund to be transferred to another Fund. A
              Participant who desires to cause a transfer permitted by this
              Section will execute a written form provided by the Plan
              Administrator and will file it with the Plan Administrator within
              the time limits specified by the Plan Administrator. Every
              transfer election will be irrevocable and will specify the Fund
              from which the transfer is to be made and the Fund into which the
              transfer is to be made.

              Brightpoint, Inc. has caused this First Amendment to the
Brightpoint, Inc. 401(k) Plan to be executed by its authorized officers this
21st day of March, 2002.

                                    BRIGHTPOINT, INC.

                                    By:         /s/ Steven E. Fivel
                                    --------------------------------------------
                                                 (Signature)

                                                   Steven E. Fivel
                                    --------------------------------------------
                                                   (Printed)

                                    Executive Vice President and General Counsel
                                    --------------------------------------------
                                                    (Title)

                                      -2-<PAGE>
Exhibit 4.3

                              CAPITAL BANCORP, INC.

                             2001 STOCK OPTION PLAN
<PAGE>
Exhibit 4.3

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                                                            <C>
Article 1 Purposes of the Plan.............................................................................    Page -1-

Article 2 Certain Definitions and Terms....................................................................    Page -1-
         Section 2.1       Award...........................................................................    Page -1-
         Section 2.2       Board...........................................................................    Page -1-
         Section 2.3       Change of Control...............................................................    Page -1-
         Section 2.4       Code............................................................................    Page -2-
         Section 2.5       Company.........................................................................    Page -3-
         Section 2.6       Company Stock...................................................................    Page -3-
         Section 2.7       Date of Grant...................................................................    Page -3-
         Section 2.8       Disability......................................................................    Page -3-
         Section 2.9       Exchange Act....................................................................    Page -3-
         Section 2.10      Fair Market Value...............................................................    Page -3-
         Section 2.11      Incentive Stock Option..........................................................    Page -3-
         Section 2.12      Nonstatutory Stock Option.......................................................    Page -3-
         Section 2.13      Option..........................................................................    Page -3-
         Section 2.14      Parent..........................................................................    Page -4-
         Section 2.15      Participant.....................................................................    Page -4-
         Section 2.16      Restricted Stock................................................................    Page -4-
         Section 2.17      Stock Option Committee..........................................................    Page -4-
         Section 2.18      Subsidiary......................................................................    Page -4-
         Section 2.19      Ten Percent Holder..............................................................    Page -4-

Article 3 General Terms of the Plan........................................................................    Page -4-
         Section 3.1       Incentive and Nonstatutory Stock Options........................................    Page -4-
         Section 3.2       Stock...........................................................................    Page -4-
         Section 3.3       Eligibility.....................................................................    Page -5-

Article 4 Grant and Exercise of Stock Options..............................................................    Page -5-
         Section 4.1       Stock Option Grants.............................................................    Page -5-
         Section 4.2       Exercise Price..................................................................    Page -6-
         Section 4.3       Full and Partial Exercise.......................................................    Page -6-
         Section 4.4       Vesting and Exercise on Change in Control.......................................    Page -7-

Article 5 Method of Exercise...............................................................................    Page -7-
         Section 5.1       Method of Exercise of Options...................................................    Page -7-
         Section 5.2       Restrictions, Taxes, and Other Limitations......................................    Page -8-
</TABLE>

                                       ii
<PAGE>
<TABLE>
<S>                                                                                                            <C>
Article 6 Administration of the Plan.......................................................................    Page -8-
         Section 6.1       Administration of the Plan......................................................    Page -8-
         Section 6.2       Committee Authority and Discretion..............................................    Page -8-
         Section 6.3       Administrative Discretion, Etc..................................................    Page -9-
         Section 6.4       Committee Rules; Binding Determination..........................................    Page -9-
         Section 6.5       Actions by the Committee........................................................    Page -9-

Article 7 Transferability..................................................................................    Page -10-

Article 8 Effective Date of the Plan, Termination, and Related Matters.....................................    Page -10-
         Section 8.1       Effective Date..................................................................    Page -10-
         Section 8.2       Termination, Modification, Change...............................................    Page -10-
         Section 8.3       Change in Capital Structure.....................................................    Page -11-

Article 9 Effective Date of the Plan.......................................................................    Page -11-

Article 10 General Terms and Provisions of the Plan........................................................    Page -12-
         Section 10.1      Notice..........................................................................    Page -12-
         Section 10.2      Interpretation..................................................................    Page -12-
         Section 10.3      Shareholder Rights..............................................................    Page -12-
         Section 10.4      No Contract of Employment.......................................................    Page -12-
         Section 10.5      Withholding.....................................................................    Page -12-
         Section 10.6      Construction....................................................................    Page -13-

Article 11 Shareholder Approval............................................................................    Page -13-
</TABLE>

                                       iii
<PAGE>
                              CAPITAL BANCORP, INC.
                             2001 STOCK OPTION PLAN

         The Board of Directors of Capital Bancorp, Inc. hereby adopts the
Capital Bancorp, Inc. 2001 Stock Option Plan as follows:

                                    ARTICLE 1

                              PURPOSES OF THE PLAN

         The purpose of this Capital Bancorp, Inc. 2001 Stock Option Plan (the
"Plan") is to further the long term stability and financial success of Capital
Bancorp, Inc. (the "Company") by attracting and retaining key employees,
directors, consultants, and advisors of the Company through the use of stock
incentives. It is believed that ownership of Company Stock will stimulate the
efforts of those employees, directors, consultants and advisors of the Company
upon whose judgment and interest the Company is and will be largely dependent
for the successful conduct of its business. It is also believed that awards
granted to such persons under this Plan will strengthen their desire to remain
with the Company and will further the identification of those individuals'
interests with those of the Company's shareholders.

                                    ARTICLE 2

                          CERTAIN DEFINITIONS AND TERMS

         As used in the Plan, the following terms have the meanings indicated:

         Section 2.1       Award. "Award" means the grant of an Option under the
                           Plan.

         Section 2.2       Board. "Board" means the board of directors of the
                           Company.

         Section 2.3       Change of Control. "Change of Control" means:

                  2.3.1    The acquisition, other than from the Company, by any
                           individual, entity or group (within the meaning of
                           Section 13(d)(3) or 14(d)(2) of the Exchange Act) of
                           beneficial ownership (within the meaning of Rule
                           13d-3 promulgated under the Exchange Act) of 20% or
                           more of either the then outstanding shares of Company
                           Stock or the combined voting power of the then
                           outstanding voting securities of the Company entitled
                           to vote generally in the election of directors, but
                           excluding for this purpose, any such acquisition by
                           the Company or any of its subsidiaries,

<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

                           or any employee benefit plan (or related trust) of
                           the Company or its subsidiaries, or any corporation
                           with respect to which, following such acquisition,
                           more than 50% of, respectively, the then outstanding
                           shares of common stock of such corporation and the
                           combined voting power of the then outstanding voting
                           securities of such corporation entitled to vote
                           generally in the election of directors is then
                           beneficially owned, directly or indirectly, by the
                           individuals and entities who were the beneficial
                           owners, respectively, of the Common Stock and voting
                           securities of the Company immediately prior to such
                           acquisition in substantially the same proportion as
                           their ownership, immediately prior to such
                           acquisition, of the then outstanding shares of Common
                           Stock of the Company or the combined voting power of
                           all of the then outstanding voting securities of the
                           Company entitled to vote generally in the election of
                           directors, as the case may be; or

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

                  2.3.3    Approval by the shareholders of the Company of a
                           reorganization, merger or consolidation, in each
                           case, with respect to which the individuals and
                           entities who were the respective beneficial owners of
                           the Common Stock and voting securities of the Company
                           immediately prior to such reorganization, merger or
                           consolidation do not, following such reorganization,
                           merger or consolidation, beneficially own, directly
                           or indirectly, more than 50% of, respectively, the
                           then outstanding shares of common stock and the
                           combined voting power of the then outstanding voting
                           securities entitled to vote generally in the election
                           of directors, as the case may be, of the corporation
                           resulting from such reorganization, merger or
                           consolidation, or a complete liquidation or
                           dissolution of the Company or of its sale or other
                           disposition of all or substantially all of the assets
                           of the Company.

         Section 2.4       Code.  "Code" means the Internal Revenue Code of
                           1986, as amended.

                                    Page -2-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

         Section 2.5       Company. "Company" means Capital Bancorp, Inc., a
                           Tennessee business corporation, and any successor in
                           interest thereto.

         Section 2.6       Company Stock. "Company Stock" means common stock,
                           par value $4.00 per share ("Common Stock"), of the
                           Company. If the par value of the Company Stock is
                           changed, or in the event of a change in the capital
                           structure of the Company (as provided in Section
                           8.3), the shares resulting from such a change shall
                           be deemed to be Company Stock within the meaning of
                           the Plan.

         Section 2.7       Date of Grant. "Date of Grant" means the date on
                           which an Award is granted by the Board.

         Section 2.8       Disability. "Disability" or "Disabled" means, as
                           to an Incentive Stock Option, a Disability within the
                           meaning of Code section 22(e)(3). As to all other
                           Awards, the Committee shall determine whether a
                           Disability exists and such determination shall be
                           conclusive.

         Section 2.9       Exchange Act. "Exchange Act" means the Securities
                           Exchange Act of 1934, as amended.

         Section 2.10      Fair Market Value. "Fair Market Value" means, if the
                           Company Stock is not publicly traded, the value of a
                           share of Common Stock determined in good faith by the
                           Board. If Company Stock is publicly traded, the term
                           means, on any given date, the average of the high and
                           low price on such date, or if shares were not traded
                           on that date, the last date on which shares were
                           traded, as reported in the Wall Street Journal for
                           the stock exchange on which the shares are traded.

         Section 2.11      Incentive Stock Option. "Incentive Stock Option"
                           means an Option intended to meet the requirements of,
                           and qualify for favorable Federal income tax
                           treatment under, Code section 422.

         Section 2.12      Nonstatutory Stock Option. "Nonstatutory Stock
                           Option" means an Option, which does not meet the
                           requirements of Code section 422, or even if meeting
                           the requirements of Code section 422, is not intended
                           to be an Incentive Stock Option and is so designated.

         Section 2.13      Option. "Option" means a right to purchase Company
                           Stock granted under the Plan, at a price determined
                           in accordance with the Plan.

                                    Page -3-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

         Section 2.14      Parent. "Parent" means, with respect to any
                           corporation, a present or future "parent corporation"
                           of that corporation within the meaning of Code
                           section 424(e).

         Section 2.15      Participant. "Participant" means any eligible
                           employee, director, advisor, consultant,
                           institutional lender or investor of the Company or
                           any Parent or Subsidiary who receives an Award under
                           the Plan.

         Section 2.16      Restricted Stock. "Restricted Stock" means shares
                           received pursuant to any Award that are made subject
                           to specific restrictions on voting, transferability
                           or other matters and set forth in a specific
                           agreement ("Restricted Stock Agreement").

         Section 2.17      Stock Option Committee. "Stock Option Committee" or
                           "Committee" means the committee or committees
                           appointed by the Board as described under Article 6
                           or, if no committee has been appointed, the Board of
                           Directors.

         Section 2.18      Subsidiary. "Subsidiary" means, with respect to any
                           corporation, a present or future "subsidiary
                           corporation" of that corporation within the meaning
                           of Code section 424(f).

         Section 2.19      Ten Percent Holder. "10% Shareholder" means a person
                           who owns, directly or indirectly, stock possessing
                           more than 10% of the total combined voting power of
                           all classes of stock of the Company or any Parent or
                           Subsidiary of the Company. Indirect ownership of
                           stock shall be determined in accordance with Code
                           section 424(d).

                                    ARTICLE 3

                            GENERAL TERMS OF THE PLAN

         Section 3.1       Incentive and Nonstatutory Stock Options. Options
granted under the Plan may be Incentive Stock Options or Nonstatutory Stock
Options.

         Section 3.2       Stock. Subject to Section 8.3 of the Plan, there
shall be reserved for issuance under the Plan an aggregate of Five Hundred
Thousand (500,000) shares of Company Stock, which shall be authorized, but
unissued shares, including shares of the Company Stock that have been reacquired
by

                                    Page -4-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

the Company. Shares allocable to Options or portions thereof granted under the
Plan that expire or otherwise terminate unexercised shall again be available for
an Award under the Plan.

         Section 3.3       Eligibility.

                  3.3.1    Any employee of the Company (or Parent or Subsidiary
                           of the Company) who, in the judgment of the Committee
                           has contributed or can be expected to contribute to
                           the profits or growth of the Company (or Parent or
                           Subsidiary) shall be eligible to receive Incentive
                           Stock Options under the Plan. Directors of the
                           Company who are employees and are not members of the
                           Committee are eligible to participate in the Plan.
                           The Committee shall have the power and complete
                           discretion, as provided in Article 6, to select
                           eligible employees to receive Awards and to determine
                           for each employee the terms and conditions, the
                           nature of the award and the number of shares to be
                           allocated to each employee as part of each Award.

                  3.3.2    Any employee of the Company (or Parent or Subsidiary
                           of the Company), or any director, advisor,
                           consultant, institutional lender or investor of the
                           Company or any Parent or Subsidiary, whether or not
                           an employee of the Company or any Parent or
                           Subsidiary, who, in the judgment of the Committee has
                           contributed or can be expected to contribute to the
                           profits or growth of the Company (or Parent or
                           Subsidiary) shall be eligible to receive Nonstatutory
                           Stock Options under the Plan. The Committee shall
                           have the power and complete discretion, as provided
                           in Article 6, to select participants to receive
                           Awards and to determine for each Participant the
                           terms and conditions, the nature of the award and the
                           number of shares to be allocated to each Participant
                           as part of each Award.

                  3.3.3    The grant of an Award shall not obligate the Company
                           or any Parent or Subsidiary of the Company to pay an
                           employee any particular amount of remuneration, to
                           continue the employment of the employee after the
                           grant or to make further grants to the employee at
                           any time thereafter.

                                    ARTICLE 4

                       GRANT AND EXERCISE OF STOCK OPTIONS

         Section 4.1       Stock Option Grants. Whenever the Committee deems it
appropriate to grant Options, notice shall be given to the eligible Participant
stating the number of shares for which Options are granted, the Option price per
share, whether the Options are Incentive Stock Options or Nonstatutory

                                    Page -5-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

Stock Options, and the conditions to which the grant and exercise of the Options
are subject. This, notice, when duly accepted in writing by the Participant,
shall become a stock option agreement between the Company and the Participant.

         Section 4.2       Exercise Price. The exercise price of shares of
Company Stock covered by an Incentive Stock Option shall be not less than 100%
of the Fair Market Value of such shares on the Date of Grant. If the Participant
is a 10% Shareholder and the Option is an Incentive Stock Option, the exercise
price shall be not less than 110% of the Fair Market Value of such shares on the
Date of Grant. The exercise price of Company Stock covered by a Nonstatutory
Option shall be set by the Board of Directors on the Date of Grant.

         Section 4.3       Full and Partial Exercise. Options may be exercised
in whole or in part at such times as may be specified by the Committee in the
Participant's stock option agreement; provided that the exercise provisions for
Incentive Stock Options shall in all events not be more liberal than the
following provisions:

                  4.3.1    No Incentive Stock Option may be exercised after the
                           first to occur of (x) ten years (or, in the case of
                           an Incentive Stock Option granted to a 10%
                           Shareholder, five years) from the Date of Grant, (y)
                           three months from the employee's retirement or
                           termination of employment with the Company and its
                           Parent and Subsidiary corporations for reasons other
                           than Disability or death, or (z) one year from the
                           employee's termination of employment on account of
                           Disability or death.

                  4.3.2    Except as otherwise provided in this paragraph, no
                           Incentive Stock Option may be exercised unless the
                           employee is employed by the Company or a Parent or
                           Subsidiary of the Company at the time of the exercise
                           (or was so employed not more than three months before
                           the time of the exercise) and has been employed by
                           the Company or a Parent or Subsidiary of the Company
                           at all times since the Date of Grant. If an
                           employee's employment is terminated other than by
                           reason of his Disability or death at a time when the
                           employee holds an Incentive Stock Option that is
                           exercisable (in whole or in part), the employee may
                           exercise any or all of the exercisable portion of the
                           Incentive Stock Option (to the extent exercisable on
                           the date of termination) within three months after
                           the employee's termination of employment. If an
                           employee's employment is terminated by reason of his
                           Disability at a time when the employee holds an
                           Incentive Stock Option that is exercisable (in whole
                           or in part), the employee may exercise any or all of
                           the exercisable portion of the Incentive Stock Option
                           (to the extent exercisable on the date of Disability)
                           within one year after the employee's termination of
                           employment. If an employee's employment is terminated
                           by reason of his death at a time when

                                    Page -6-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

                           the employee holds an Incentive Stock Option that is
                           exercisable (in whole or in part), the Incentive
                           Stock Option may be exercised (to the extent
                           exercisable on the date of death) within one year
                           after the employee's death by the person to whom the
                           employee's rights under the Incentive Stock Option
                           shall have passed by will or by the laws of descent
                           and distribution.

                  4.3.3    An Incentive Stock Option by its terms, shall be
                           exercisable in any calendar year only to the extent
                           that the aggregate Fair Market Value (determined at
                           the Date of Grant) of the Company Stock with respect
                           to which incentive stock options are exercisable for
                           the first time during the calendar year does not
                           exceed $100,000 (the "Limitation Amount"). Incentive
                           Stock Options granted under the Plan and similar
                           incentive options granted under all other plans of
                           the Company and any Parent or Subsidiary of the
                           Company shall be aggregated for purposes of
                           determining whether the Limitation Amount has been
                           exceeded. The Board may impose such conditions as it
                           deems appropriate on an Incentive Stock Option to
                           ensure that the foregoing requirement is met. If
                           Incentive Stock Options that first become exercisable
                           in a calendar year exceed the Limitation Amount, the
                           excess Options will be treated as Nonstatutory Stock
                           Options to the extent permitted by law.

         Section 4.4       Vesting and Exercise on Change in Control. The
Committee may, in its discretion, grant Options which by their terms become
fully exercisable upon a Change of Control, notwithstanding other conditions on
exercisability in the stock option agreement. Unless otherwise specified by the
terms of a specific grant, all Options granted under the Plan shall vest
immediately upon the consummation of a Change in Control and shall be deemed to
have vested upon the first execution of any agreement pursuant to which a Change
in Control shall have occurred, notwithstanding the subsequent amendment,
restatement, modification or other change in such agreement; provided that,
exercise of Options deemed vested solely by virtue of any Change in Control
shall not be permitted unless and until such Change in Control shall have been
consummated

                                    ARTICLE 5

                               METHOD OF EXERCISE

         Section 5.1       Method of Exercise of Options. Options may be
exercised by the Participant giving written notice of the exercise to the
Company, stating the number of shares the Participant has elected to purchase
under the Option. In the case of the purchase of shares under an Option, such
notice shall be effective only if accompanied by the exercise price in full in
cash; provided that if the terms of an Option so permit, the Participant (i) may
deliver, or cause to be withheld from the Option Shares, shares of Company Stock
(valued at their Fair Market Value on the date of exercise) in satisfaction of
all or any

                                    Page -7-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

part of the exercise price, or (ii) if permitted by law and by the Committee, on
terms and conditions specified by the Committee from time to time as to any
Participant(s), individually or as a group, deliver an interest bearing
promissory note, payable to the Company, in payment of all or part of the
exercise price, with such payment terms (including down payment, if any) and
maturity date, together with such collateral as may be required by the Committee
at the time of exercise. The interest rate under any such promissory note shall
be equal to the minimum interest rate required at the time to avoid imputed
interest to the Participant under the Code.

         Section 5.2       Restrictions, Taxes, and Other Limitations. The
Company may place on any certificate representing Company Stock issued upon the
exercise of an Option any legend deemed desirable by the Company's counsel to
comply with Federal or state securities laws, and the Company may require of the
Participant a customary written indication of his investment intent. Until the
Participant has made any required payment, including any applicable withholding
taxes, and has had issued to him a certificate for the shares of Company Stock
acquired, he shall possess no shareholder rights with respect to the shares.

         As an alternative to making a cash payment to the Company to satisfy a
Participant's tax withholding obligations, if the Option agreement so provides,
the Participant may, subject to the other provisions set forth in this Plan,
elect to (i) deliver shares of already owned Company Stock or (ii) have the
Company retain that number of shares of Company Stock that would satisfy
applicable Federal, state and local tax liabilities required to be withheld by
the Company from the Participant arising in the year of its exercise upon the
exercise of a Nonstatutory Stock Option. The Committee shall have sole
discretion to approve or disapprove any such election.

                                    ARTICLE 6

                           ADMINISTRATION OF THE PLAN

         Section 6.1       Administration of the Plan. The Plan shall be
administered by the Committee consisting of not less than two directors of the
Company, who shall be appointed by the Board. In the event the Company becomes a
Public Company, then the Committee shall be so constituted as to permit the plan
to comply with Rule 16b-3 (as promulgated under the Exchange Act). The Committee
shall have general authority to impose any limitation or condition upon an Award
the Committee deems appropriate to achieve the objectives of the Award and the
Plan and, in addition, and without limitation and in addition to powers set
forth elsewhere in the Plan, shall have the following specific authority:

         Section 6.2       Committee Authority and Discretion. The Committee
shall have the power and complete discretion to determine (i) which eligible
participants shall receive an Award, (ii) the number of shares of Company Stock
to be covered by each Award, (iii) whether Options shall be Incentive Stock

                                    Page -8-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

Options or Nonstatutory Stock Options, (iv) the fair market value of Company
Stock, (v) the time or times when an Award shall be granted, (vi) whether an
Award shall become vested over a period of time and when it shall be fully
vested, (vii) when options may be exercised, (viii) whether a Disability exists,
(ix) the manner in which payment will be made upon the exercise of Options, (x)
conditions relating to the length of time before disposition of Company Stock
received upon the exercise of Options is permitted, (xi) whether to approve a
Participant's election (x) to deliver shares of already owned Company Stock to
satisfy tax liabilities arising upon the exercise of a Nonstatutory Stock Option
or (y) to have the Company withhold from the shares to be issued upon the
exercise of a Nonstatutory Stock Option that number of shares necessary to
satisfy tax liabilities arising from such exercise, (xii) notice provisions
relating to the sale of Company Stock acquired under the Plan, and (xiii) any
additional requirements relating to Awards that the Committee deems appropriate.
Notwithstanding the foregoing, no "tandem stock options" (where two stock
options are issued together and the exercise of one option affects the right to
exercise the other option) may be issued in connection with Incentive Stock
Options. The Committee shall also have the power to amend the terms of
previously granted Awards so long as the terms as amended are consistent with
the terms of the Plan and provided that the consent of the Participant is
obtained with respect to any amendment that would be detrimental to him.

         Section 6.3       Administrative Discretion, Etc. Administrative
discretion regarding the selection of any director of the Corporation to whom
options may be granted pursuant to this Plan, or the determination of the number
of shares of Common Stock which may be allocated under such options, will be
exercised by a Committee of two or more directors having full authority to act
in the matter, all of whom must be, if the Corporation is a Public Company (that
is, a company any of the shares of which are registered under the Exchange Act),
Disinterested (as that term is defined in Rule 16b-3). Administrative discretion
regarding the selection of any officer of the Corporation (who is not a
director) to whom options may be granted pursuant to this Plan once the
Corporation becomes a Public Company, or the determination of the number of
shares of Common Stock which may be allocated under such options, will be
exercised by (a) the Board of Directors, if each of its members is
Disinterested, or (b) a committee of two or more directors, all of whom are
Disinterested.

         Section 6.4       Committee Rules; Binding Determination. The Committee
may adopt rules and regulations for carrying out the Plan. The interpretation
and construction of any provision of the Plan by the Committee shall be final
and conclusive. The Committee may consult with counsel, who may be counsel to
the Company, and shall not incur any liability for any action taken in good
faith in reliance upon the advice of counsel.

         Section 6.5       Actions by the Committee. A majority of the members
of the Committee shall constitute a quorum, and all actions of the Committee
shall be taken by a majority of the members present. Any action may be taken by
a written instrument signed by all of the members, and any action so taken shall
be fully effective as if it had been taken at a meeting.

                                    Page -9-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

                                    ARTICLE 7

                                 TRANSFERABILITY

         Incentive Stock Options by their terms, shall not be transferable or
assignable by the Participant except by will or by the laws of descent and
distribution and shall be exercisable, during the Participant's lifetime, only
by the Participant or by his guardian or legal representative. Nonstatutory
Stock Options by their terms, shall not be transferable or assignable by the
Participant except by will or by the laws of descent and distribution or
pursuant to a qualified domestic relations order as defined by the Code, Title I
of the Employee Retirement Income Security Act, or the rules thereunder, and
shall be exercisable, during the Participant's lifetime, only by the Participant
or by his guardian or legal representative.

                                    Page -10-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

                                    ARTICLE 8

          EFFECTIVE DATE OF THE PLAN, TERMINATION, AND RELATED MATTERS

         Section 8.1       Effective Date.  This Plan shall be effective as
provided in Article 9 hereof.

         Section 8.2       Termination, Modification, Change. If not sooner
terminated by the Board, this Plan shall terminate at the close of business on
March 4, 2011. No Awards shall be made under the Plan after its termination. The
Board may terminate the Plan or may amend the Plan in such respects as it shall
deem advisable; provided, that in the event the Company registers its stock
under Section 12 of the Exchange Act and thereby becomes a "Public Company," no
change shall be made that would result in the Plan no longer being in compliance
with Rule 16b-3, as such rule may be amended from time to time, or with any
successor of the rule or other comparable regulatory requirement. The company
will use its best efforts to maintain the Plan and to assure that options are
granted and exercised under the Plan in accordance with Rule 16b-3, including,
without limitation, the seeking of any appropriate modifications or amendments
to the Plan and all requisite approvals and consents of the same. No changes to
the Plan shall be made which increases the total number of shares of Company
Stock reserved for issuance pursuant to Awards granted under the Plan (except
pursuant to Section 8.3), expands the class of persons eligible to receive
Awards, or materially increases the benefits accruing to Participants under the
Plan, unless such change is authorized by the shareholders of the Company. A
termination or amendment of the Plan shall not, without the consent of the
Participant, detrimentally affect a Participant's rights under an Award
previously granted to him.

         Section 8.3       Change in Capital Structure.

                  8.3.1.   In the event of a stock dividend, stock split or
                           combination of shares, recapitalization or merger in
                           which the Company is the surviving corporation or
                           other change in the Company's capital stock
                           (including, but not limited to, the creation or
                           issuance to shareholders generally of rights, options
                           or warrants for the purchase of Common Stock or
                           preferred stock of the Company), the number and kind
                           of shares of stock or securities of the Company to be
                           subject to the Plan and to Options then outstanding
                           or to be granted thereunder, the maximum number of
                           shares or securities which may be delivered under the
                           Plan, the exercise price and other relevant
                           provisions shall be appropriately adjusted by the
                           Committee, whose determination shall be binding on
                           all persons. If the adjustment would produce
                           fractional shares with respect to any unexercised
                           Option, the committee may adjust appropriately the
                           number of shares covered by the Option so as to
                           eliminate the fractional shares.

                                    Page -11-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

                  8.3.2    If the Company is a party to a consolidation or a
                           merger in which the Company is not the surviving
                           corporation, a transaction that results in the
                           acquisition of substantially all of the Company's
                           outstanding stock by a single person or entity, or a
                           sale or transfer of substantially all of the
                           Company's assets, the Committee may take such actions
                           with respect to outstanding Awards as the Committee
                           deems appropriate.

                  8.3.3    Notwithstanding anything in the Plan to the contrary,
                           the Committee may take the foregoing actions without
                           the consent of any Participant, and the Committee's
                           determination shall be conclusive and binding on all
                           persons for all purposes.

                                    ARTICLE 9

                           EFFECTIVE DATE OF THE PLAN

         This Plan shall be effective on March 5, 2001. Until (i) the Plan has
been approved by the Company's shareholders, and (ii) the requirements of any
applicable securities laws have been met, no Option shall be exercisable. Until
the foregoing conditions are met, the Company may revoke any Option granted
and/or terminate the Plan.

                                   ARTICLE 10

                    GENERAL TERMS AND PROVISIONS OF THE PLAN

         Section 10.1      Notice. All notices and other communications required
or permitted to be given under this Plan shall be in writing and shall be deemed
to have been duly given if delivered personally or mailed first class, postage
prepaid, as follows (a) if to the Company, at its principal business address to
the attention of the Treasurer; (b) if to any Participant, at the last address
of the Participant reflected in the Company's records at the time the notice or
other communication is sent.

         Section 10.2      Interpretation. The terms of this Plan are subject to
all present and future regulations and rulings of the Secretary of the Treasury
or his delegate relating to the qualification of Incentive Stock Options under
the Code. If any provision of the Plan conflicts with any such regulation or
ruling, then that provision of the Plan shall be, to the extent practicable,
deemed amended to the extent required to comply with such regulations and
rulings or, if it is impracticable or unlawful so to construe the provision,
deemed to be void and of no effect.

                                    Page -12-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

         Section 10.3      Shareholder Rights. No Participant shall have any
rights as a shareholder of the Company as a result of the grant of an Option
under this Plan or his or her exercise or surrender of such Option pending the
actual delivery of the Stock subject to such Option to such Participant. Subject
to the other terms of the Plan, a Participant's rights as a shareholder in the
shares of Stock underlying a Restricted Stock grant which is effective shall be
set forth in the related Restricted Stock Agreement.

         Section 10.4      No Contract of Employment. The grant of an Option or
Restricted Stock to a Participant under this Plan shall not constitute a
contract of employment and shall not confer on a Participant any rights upon his
or her termination of employment in addition to those rights, if any, expressly
set forth in the Option Agreement which evidences his or her Option or the
Restricted Stock Agreement related to his or her Restricted Stock.

         Section 10.5      Withholding. The exercise or surrender of any Option
granted under this Plan and the acceptance of a Restricted Stock grant shall
constitute a Participant's full and complete consent to whatever action the
Committee deems necessary to satisfy the federal and state tax withholding
requirements, if any, which the Committee in its discretion deems applicable to
such exercise or surrender or such Restricted Stock. The Committee also shall
have the right to provide in an Option Agreement or Restricted Stock Agreement
that a Participant may elect to satisfy federal and state tax withholding
requirements through a reduction in the number of shares of Stock actually
transferred to him or to her under this Plan, and any such election and any such
reduction shall be effected so as to satisfy the conditions to the exemption
under Rule 16b-3.

         Section 10.6      Construction.  This Plan shall be construed under the
laws of the State of Tennessee.

                                   ARTICLE 11

                              SHAREHOLDER APPROVAL

         The Plan is subject to approval by the shareholders of the Company at
the Organizational Meeting of Shareholders to be held on March 5, 2001. If the
Plan, as herein amended, is not so approved by the shareholders, the Plan shall
be deemed suspended until such time as the Shareholders approve the Plan, to be
effective on and as of the date of such approval.

                     (Signature appears on following page.)

                                    Page -13-
<PAGE>
                                    Capital Bancorp, Inc. 2001 Stock Option Plan

         IN WITNESS WHEREOF, Capital Bancorp, Inc. has caused its duly
authorized officer to execute this Plan on March 5, 2001, to evidence its
adoption of this Plan.

                                            CAPITAL BANCORP, INC.

                                            By:      /s/  R. Rick Hart
                                               ---------------------------------
                                                     R. Rick Hart, Chairperson

Date Plan Adopted by Board of Directors:  March 5, 2001.

Date Plan Approved by Stockholders:  March 5, 2001.

                                    Page -14-

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