Document:

<PAGE>   1

                                                                    EXHIBIT 10.2

                              DATED 31ST MAY, 2000

                      (1) ADVANCED PROPERTY SERVICES LIMITED

                      (2) LONGFORD BUSINESS CENTRES LIMITED

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

                                    AGREEMENT

                            for the sale and purchase
                                       of

                                   Orchard Lea
                               Winkfield Berkshire

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

                                    McLellans
                                 Old Cross House
                                    Old Cross
                                  Hertfordshire
                                    SG14 1RB

                               Tel : 01992 300800

                                                                              20
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                                      INDEX

<TABLE>
<S>     <C>                                                                       <C>
1:      SALE AND PURCHASE  ......................................................  2

2:      DEPOSIT..................................................................  2

3:      CAPACITY OF SELLER.......................................................  2

4:      MATTERS OF PUBLIC RECORD.................................................  3

5:      COMPLETION...............................................................  3

6:      NAMED BUYER TO BUY.......................................................  3

7:      DEDUCTION OF TITLE.......................................................  3

8:      MATTERS TO WHICH PROPERTY IS SUBJECT AND PLANNING........................  3

9:      SURRENDER AND GRANT OF NEW LEASES........................................  4

10:     INDEMNITY................................................................  6

11:     VAT......................................................................  7

12:     BUYER'S RISK.............................................................  7

13:     ASSIGNMENT ON WARRANTIES.................................................  7

14:     STANDARD CONDITIONS OF SALE..............................................  7

15:     NOTICES.................................................................. 10

16:     NO REPRESENTATION........................................................ 10

17:     JOINT AND SEVERAL LIABILITY.............................................. 10

18:     ENTIRE AGREEMENT......................................................... 10

SCHEDULE 1  The Price............................................................ 11

SCHEDULE 2  The Property......................................................... 11
</TABLE>

                                                                              21
<PAGE>   3
 THIS AGREEMENT is made the 31st day of May 2000

BETWEEN:-

(1)     ADVANCED PROPERTY SERVICES LIMITED whose registered office is situated
        at Orchard Lea

        Winkfield Lane Winkfield Berkshire SL4 4RU ("the Seller") and

(2)     LONGFORD BUSINESS CENTRES LIMITED whose registered office is situated at
        16 Hanover Square  London  W1R 9AJ ("the Buyer")

WHEREBY IT IS AGREED as follows:-

1:      SALE AND PURCHASE AND LEASES

        The Seller shall sell and the Buyer shall purchase at the price
     specified in Schedule 1 ("the Price") the freehold property ("the
     Property") specified in Schedule 2

2:      DEPOSIT

        The Buyer shall on or before the date hereof pay a deposit of ten per
     cent of the Price (together with VAT thereon) ("the Deposit") to the
     Seller's solicitors McLellans of Old Cross House Old Cross Hertfordshire
     SG14 1RD as stakeholder by telegraphic transfer to the Seller's solicitors
     client account and the balance of the purchase price shall be paid upon
     completion such deposit shall not in any circumstances (save where the
     Seller fails to complete within the period specified in a valid notice to
     complete served by the Buyer following default by the Seller or if the
     condition precedent set out in clause 9.7 is not satisfied and notice is
     served pursuant to clause 9.8 hereof) be refundable and any interest earned
     on the deposit shall belong to the Seller

3:      CAPACITY OF SELLER

        The Seller sells with full title guarantee

                                                                              22
<PAGE>   4

4:      MATTERS OF PUBLIC RECORD

        For the purposes of Section 6(2)(a) of the Law of Property
     (Miscellaneous Provisions) Act 1995 all matters now recorded in registers
     open to public inspection are to be considered within the actual knowledge
     of the Buyer

5:      COMPLETION

        The sale of the Property shall be completed on or before the 30th day of
     June 2000 at the offices of the Seller's solicitors or at such other place
     as the Seller may reasonably require

6:      NAMED BUYER TO BUY

        The Seller shall not be obliged to transfer the Property to any person
     or body other than the Buyer

7:      DEDUCTION OF TITLE

        The Seller's title is registered at HM Land Registry with Absolute
     freehold title under Title Number BK55435 and copies of the entries on the
     register of that title as at 20th March 2000 having been supplied the Buyer
     shall be deemed to buy with full knowledge of all matters contained or
     referred to in them and shall raise no objection or requisition in respect
     of them

8:      MATTERS TO WHICH PROPERTY IS SUBJECT AND PLANNING

        8.1    The Property is sold subject to and with the benefit of (as the
               case may be):

        8.1.1  all entries on the Property Register of Title Number BK55435 and
               the stipulations restrictions and covenants contained in the
               instruments mentioned therein and in the entries numbered 1 to 5
               in the Charges Register of the said Title Number to the extent
               that they are subsisting and capable of being enforced and no
               objection or requisition shall be raised in respect of them

        8.1.2  all actual or proposed charges notices orders restrictions
               agreements conditions or other matters arising under the Town &
               Country Planning Acts

        8.1.3  all matters registerable by any competent authority pursuant to
               statute

        8.1.4  all requirements of any competent authority and

        8.1.5  all matters disclosed or reasonably to be expected to be
               disclosed by searches or as the result of inspections or
               enquiries (formal or informal) and whether made in person by
               writing or orally by or for the Buyer or which a prudent buyer
               ought to make

        8.1.6  the Leases

        8.2    In Clause 8.1.4 the expression "competent authority" means a
               local authority or other body acting on statutory authority or
               under a Royal Charter and the expression "requirement" includes
               any notice order or proposal (whether or not subject to
               confirmation)

        8.3    No warranty is given as to the authorised use of the Property for
               the purpose of the Town & Country Planning Acts

                                                                              23
<PAGE>   5

9:      SURRENDER AND GRANT OF NEW LEASES

        9.1    The Seller shall use all reasonable endeavours to procure that
               Cronos Containers Limited ("the Tenant") shall before completion
               effect a surrender of the Tenant's lease of part of the Property
               referred to in entry number 6 in the Charges Register of Title
               Number BK55435 such surrender to be in the form annexed ("the
               Surrender")

        9.2    The Seller shall on completion deliver to the Buyer the following
               documents in relation to such surrender

               9.2.1  The Land or Charge Certificate relating to Title Number
                      BK306775

               9.2.2  Land Registry form DS1 in relation to the charge
                      registered as entry 2 on the Charges Register of title
                      number BK306775

               9.2.3  The Surrender or Transfer effecting surrender duly
                      executed by the Seller and the Tenant

               9.2.4  The consent of the Chargees of the registered charges
                      referred to in entries 7 and 9 of the Charges Register of
                      title number BK55435 to the acceptance by the Seller of
                      such surrender

               9.2.5  A completed and signed Land Registry Form AP1 in relation
                      to such surrender with a cheque to HM Land Registry for
                      the appropriate fee

               9.2.6  A completed and signed PD form in relation to such
                      surrender

        9.3    The Seller shall pay Land Registry fees in connection with the
               registration of such surrender and the closure of title number
               BK306775 and shall use all reasonable endeavours to comply with
               all requisitions raised by HM Land Registry in connection
               therewith so as to procure that entry number 6 on the Charges
               Register of title number BK55435 is removed

        9.4    The Seller and the Tenant shall prior to completion make
               application for and obtain an order under Section 38(4)(a) of the
               Landlord and Tenant Act 1954 authorising the exclusion of
               Sections 24-28 of the Landlord and Tenant Act 1954 in relation to
               each of the tenancies to be created pursuant to clause 9.5 hereof

        9.5    The Seller shall forthwith on completion of the surrender grant
               and before or on completion of the purchase of the Property
               procure that the Tenant shall accept two leases ("the Leases") in
               the form of the agreed drafts annexed to this Agreement

        9.6    The rents first and secondly reserved by the Leases shall belong
               to the Seller and shall not be apportioned on completion

        9.7    The completion of the surrender and the grant of the Leases
               provided for in this clause 9 shall be a condition precedent and
               completion of the sale of the Property shall not take place until
               the same shall have been effected.

        9.8    In the event that the condition precedent referred to in clause
               9.7 has not been satisfied by a date which is two months from the
               date hereof then either party hereto may serve seven days' notice
               on the other party determining this Agreement and on the expiry
               of such notice this Agreement shall forthwith determine and the
               Deposit shall be repaid to the Buyer and a credit note shall be
               provided by the Seller against any VAT invoice previously issued

10:     INDEMNITY

                                                                              24
<PAGE>   6

        10.1   The transfer to the Buyer shall contain a covenant by the Buyer
               that the Buyer and the persons deriving title through or under
               the Buyer will at all times thenceforth observe and perform the
               restrictions and stipulations referred to in clause 8.1.1 above
               and shall indemnify and keep indemnified the Seller from and
               against all proceedings costs claims and expenses arising out of
               any future breach or non-performance thereof

        10.2   10.2.1 The transfer to the Buyer shall contain a covenant by the
                      Buyer and that the Buyer and the persons deriving title
                      through or under the Buyer will at all times observe and
                      perform the covenants on the part of the lessor contained
                      in the Leases and shall indemnify and keep fully and
                      effectually indemnified the Seller from and against all
                      proceeding costs and claims and expenses arising out of
                      any future breach or non-performance thereof

               10.2.2 The transfer of the Property shall contain the following
                      declaration :-           "For the purposes of section
                      6(2)(a) of the Law of Property (Miscellaneous Provisions)
                      Act 1994 all matters recorded in registers open to public
                      inspection are to be considered within the actual
                      knowledge of the Buyer"

11:     VAT

        The Price and any other consideration payable to the Seller under this
     Agreement is or are exclusive of value added tax which shall on completion
     be paid by the Buyer (in addition to the Price) at the appropriate rate

12:     BUYER'S RISK

        The Property shall be at the risk of the Buyer with effect from the date
     of this Agreement

13:     ASSIGNMENT OF WARRANTIES

        The Seller shall on completion deliver to the Buyer a duly executed
     assignment in the form annexed of the benefit of the building contractors
     and professionals warranties listed in such form of assignment to the Buyer

14:     STANDARD CONDITIONS OF SALE

        14.1   In this Agreement the "Standard Conditions" means the Standard
               Conditions of Sale (Third Edition) as printed in the Contract
               form embodying those conditions published by the Solicitors Law
               Stationery Society Limited

        14.2   The Standard Conditions (excluding Conditions 2.2.1, 2.2.3,
               3.1.3, 4.2.1, 4.3.2, 5.1, 5.2.4, 6.7(a) and (b), 7.3 and
               7.6.2(a)) shall (subject to Clause 14.3 below) apply to this
               Agreement to the extent that they apply to a sale by private
               treaty, relate to freehold property and are not varied by or
               inconsistent with the express conditions of this Agreement

        14.3   In the application to this Agreement of the Standard Conditions:-

               14.3.1 The "COMPLETION DATE" means the date specified in Clause 5
                      above

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               14.3.2 The "CONTRACT RATE" means an annual of interest higher by
                      four percentage points than the base lending rate from
                      time to time of Barclays Bank plc

               14.3.3 "CLEARING BANK" means a Town Clearing branch of a clearing
                      bank (as defined in Standard Condition 1.1.1)

               14.3.4 In Standard Condition 3.1.2(c) the words "and could not"
                      shall be deleted

               14.3.5 In Standard Condition 6.1 reference to 1pm shall be
                      substituted for references to 2.00pm

               14.3.6 The following provision will be substituted for Condition
                      6.3:-

                      "6.3   Unless the Seller remains in physical occupation of
                             the Property the Buyer shall be liable for all
                             outgoings payable in respect of the Property from
                             the completion date and as at such date all such
                             rates and other outgoings payable in respect of the
                             Property shall be apportioned accordingly"

               14.3.7 The following conditions shall be added to Standard
                      Condition 6.

                      "6.9   COMPLETION BY POST AND PAYMENT BY DIRECT CREDIT

                      6.9.1  If the parties agree that completion shall be
                             effected through the post, completion shall take
                             place when all the money due on completion
                             including any interest is paid to the Seller and
                             the Seller's solicitors hold to the order of the
                             Buyer all the documents to which he is entitled on
                             completion

                      6.9.2  For the purposes of this Condition money is paid
                             when the Seller receives payment by a method
                             specified in condition 6.7 above and where the
                             parties have agreed upon a direct credit to a bank
                             account at a specified branch, payment is made when
                             that branch receives the credit

               14.3.8 The following words shall be added to Standard Condition
                      7.1.1. immediately after the words "leading to it" "or any
                      written statement made by the Seller's solicitors on which
                      the Buyer is entitled to rely"

               14.3.9 The following provisions will be substituted for Condition
                      7.3

                      "7.3.1 If completion is delayed otherwise than as a result
                             of default by the Seller then the Buyer shall pay
                             compensation to the Seller calculated on the
                             balance of the purchase price less the deposit paid
                             at the contract rate for the period

                                                                              26
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                             from the completion date until the earlier of the
                             date of actual completion and the date of
                             determination of this Agreement whether by
                             rescission or otherwise

                      7.3.2  The Seller will be entitled both to income and to
                             compensation if there is a delay in completion
                             beyond the completion date other than a delay due
                             to default by the Seller"

                      7.3.3  The Buyer shall pay on demand the Seller's
                             solicitors costs of Pound Sterling85 for preparing
                             and serving a notice to complete under condition
                             6.8.1

                      7.3.4  The Seller's solicitors shall be entitled to retain
                             all title deeds to the Property until receipt of
                             all sums due to the Seller hereunder

              14.3.10 Under condition 7.5 if the Seller resells the Property
                      within one year following the Buyer's failure to comply
                      with a notice to complete the Seller may claim as
                      liquidated damages any loss incurred on the re-sale
                      including the additional costs and expenses of the re-sale

15      NOTICES

        15.1  Any notice to be given hereunder shall be in writing and may be
              delivered or sent by first class recorded delivery post or
              facsimile transmission to the party to be served at that party's
              address appearing in this Agreement or to the address of its
              solicitors and any such notice shall be deemed to have been
              served:-

              15.1.1  if delivered at the time of delivery; or

              15.1.2  if posted 48 hours after the envelope containing it has
                      been put into the post or

        15.2  In proving such service (other than by facsimile transmission) it
              shall be sufficient to prove that delivery was made or that the
              envelope containing such notice or document was properly addressed
              and posted as a prepaid first class recorded delivery letter

16:     NO REPRESENTATION

        The Buyer acknowledges that he has not entered into this Agreement in
     reliance upon any representation made by or on behalf of the Seller other
     than the Seller's solicitors' written replies to any preliminary enquiries
     made by the Buyer's solicitors

17:     JOINT AND SEVERAL LIABILITY

        Any agreement covenant representation warranty acknowledgement or
     undertaking in this agreement on the part of two or more persons is made or
     given by such persons jointly and severally

                                                                              27
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18:     ENTIRE AGREEMENT

        It is hereby acknowledged that this Agreement constitutes the entire
     agreement between the parties and that it may only be varied or modified
     (whether by collateral contract or otherwise) in writing signed by the
     parties or their solicitors

AS WITNESS the hands of duly authorised representatives of the parties hereto
the day and year first before written

                                   SCHEDULE 1

                                    THE PRICE

SIX MILLION ONE HUNDRED AND NINETY ONE THOUSAND THREE HUNDRED AND FIFTY POUNDS
(Pound Sterling 6,191,350)

                                   SCHEDULE 2

                                  THE PROPERTY

ALL THAT freehold property known as Orchard Lea Winkfield Lane Winkfield
Berkshire as the same is registered with Title Absolute at HM Land Registry
under Title Number BK55435

SIGNED by for and on behalf of the said SELLER

By      /s/ C. Langley
        Chris P. Langley

SIGNED by for and on behalf of the said BUYER

By      /s/ Dominic Gwillim-David
        Dominic Gwillim-David

                                                                              28Exhibit 10.28

EXHIBIT 10.28

 

NATIONAL PROCESSING, INC.

2000 STOCK OPTION PLAN

  
1.  Purposes.  The purposes of this 2000 Stock
Option Plan are to provide employment incentives and to encourage
 capital accumulation and stock ownership by Eligible Employees
of National Processing, Inc. (“National Processing”) or
 any of its Subsidiaries, and to provide to designated Optionees
under stock options heretofore or hereafter granted pursuant to
any stock option plan of National Processing or any of its
Subsidiaries an alternative method of realizing the benefits
provided by such stock options.

  
2.  Definitions.  As used in this Plan,

  
(a)  “Additional Option” means an Option Right
granted to an Optionee to purchase a number of shares of Common
Stock equal to the number of shares of already owned Common Stock
 relinquished by the Optionee as payment of the exercise price
upon exercise of an Option Right and/or the number of shares of
Common Stock tendered or relinquished as payment of the amount to
 be withheld under applicable federal, state and local income tax
 laws in connection with the exercise of an option as described
in Section 5.

  
(b)  “Additional Option Feature” means a feature
of an Option that provides for the automatic grant of an
Additional Option in accordance with the provisions described in
Section 5.

  
(c)  The term “Appreciation Right” means a right
granted pursuant to Section 6 of this Plan.

  
(d)  The term “Board of Directors” means the Board
 of Directors of National Processing.

  
(e)  The term “Committee” means the Committee
provided for in Paragraph 10(a) of this Plan.

  
(f)  The term “Common Stock” means Common Stock,
of National Processing or any security into which such Common
Stock may be changed by reason of any transaction or event of the
 type described in Section 8 of this Plan.

  
(g)  The term “Eligible Employees” means persons
who are at the time the officers (including officers who are
members of the Board of Directors) and other key employees of
National Processing or of any of its Subsidiaries.

  
(h)  The term “Internal Revenue Code” means the
Internal Revenue Code of 1986, as amended from time to time.

  
(i)  The term “Incentive Stock Option” means an
Option Right granted by National Processing to an Eligible
Employee, which Option Right is intended to qualify as an
“Incentive Stock Option” as that term is used in
Section 422 of the Internal Revenue Code.

  
(j)  The term “Market Value per Share” means, at
any date, the closing price, per share, of the shares of Common
Stock, on the New York Stock Exchange on that date as reported by
 the Wall Street Journal (Midwest Edition) or, if the Common
Stock shall be primarily traded in another market, as determined
in a manner specified by the Board of Directors using quotations
in such other market.

  
(k)  The term “Option Agreement” shall have the
meaning set forth in Section 6(e).

  
(l)  The term “Optionee” shall mean the optionee
named in an agreement evidencing an Outstanding Option.

  
(m)  The term “Option Right” means the right to
purchase a share of Common Stock upon exercise of an Outstanding
Option.

  
(n)  The term “Outstanding Option” means, at any
time, an option to purchase shares of Common Stock granted by
National Processing or any of its Subsidiaries pursuant to this
Plan or any other

stock option plan of National Processing or any
 such Subsidiary now or hereafter in effect, or pursuant to any
stock option plan of any corporation which is merged into
National Processing and where National Processing has by action
of its Board of Directors, assumed the obligations of such
corporation under such stock option plan, all whether or not such option is at the time exercisable, to the extent that
 such option at such time has not been exercised and has not
terminated.

  
(o)  The term “Spread” means the excess of the
Market Value per Share of Common Stock on the date when an
Appreciation Right is exercised over the option price provided
for in the related Option Right.

  
(p)  The term “Subsidiary” shall mean any entity
in which National Processing beneficially owns or controls,
directly or indirectly, 50% or more of the voting equity
securities.

  
3.  Shares Available Under Plan.

  
(a)  The shares of Common Stock which may be made the
subject of Option Rights and Appreciation Rights pursuant to this
 Plan may be treasury shares or shares of original issue or a
combination of the foregoing.

  
(b)  Subject to adjustments in accordance with
Section 8 of this Plan, the maximum number of shares of
Common Stock which may be sold upon the exercise of Option Rights
 granted pursuant to this Plan shall be 5,000,000 shares of
Common Stock which are made available for sale by virtue of this
Plan. For purposes of determining the number of shares that may
be sold under the Plan, such number shall increase by the number
of shares surrendered by an optionee or relinquished to National
Processing (a) in connection with the exercise of an Option
Right or (b) in payment of federal, state and local income tax
withholding liabilities upon exercise of an Option Right.

  
(c)  Subject to adjustments in accordance with
Section 8 of this Plan, the maximum number of shares of
Common Stock which may be delivered upon the exercise of
Appreciation Rights granted pursuant to this Plan shall not
exceed 5,000,000.

  
(d)  Shares covered by Option Rights cancelled upon exercise
 of Appreciation Rights shall not be available for the granting
of further Option Rights under this Plan or under any other stock
 option plan of National Processing or of any of its
Subsidiaries, anything in this Plan or such other stock option
plan to the contrary notwithstanding.

  
4.  Grants of Option Rights. The Board of Directors
may, from time to time and upon such terms and conditions as it
may determine, authorize the granting to Eligible Employees of
Option Rights. Each such grant may utilize any or all of the
authorizations, and shall be subject to all of the limitations,
contained in the following provisions:

  
(a)  Each grant shall specify the number of shares of Common
 Stock to which it pertains.

  
(b)  Each grant shall specify an option price per share not
less than the Market Value per Share on the date of grant.

  
(c)  Successive grants may be made to the same Eligible
Employee whether or not any Option Rights previously granted to
such Eligible Employee remain unexercised. No Eligible Employee
may, however, be granted under this plan, in the aggregate, more
than 1,500,000 Option Rights or Appreciation Rights, subject to
adjustment pursuant to Section 8 of this Plan over any ten
year period.

  
(d)  Option Rights granted under this Plan may be
(i) options which are intended to qualify under particular
provisions of the Internal Revenue Code, as in effect from time
to time, (ii) options which are not intended so to qualify,
or (iii) combinations of the foregoing.

  
(e)  The date of grant of each Option Right shall be the
date of its authorization by the Board of Directors or such later
 date designated by the Board of Directors, except that the date
of grant of an Additional Option shall be the date of exercise of
 the underlying Option Right. No Option Right shall be
exercisable more than ten years from such date of grant.

  
(f)  Upon exercise of an Option Right, the option price
shall be payable (i) in cash, (ii) by the transfer to
National Processing by the Optionee of shares of Common Stock
with a value (Market Value per Share times the number of shares)
equal to the total option price, or (iii) by a combination of
such methods of payment.

  
(g)  Each grant of Option Rights shall be evidenced by an
agreement executed on behalf of National Processing by any
officer designated by the Board of Directors for this purpose and
 delivered to and accepted by the Eligible Employee and shall contain such terms and
provisions, consistent with this Plan, as the Board of Directors
may approve.

  
(h)  No Option Rights, intended to be an Incentive Stock
Option, shall be granted hereunder to any Optionee which would
allow the aggregate fair market (determined at the time the
Option Rights are granted) of the stock subject of Option Rights,
 including the Incentive Stock Option in question, which such
Optionee may exercise for the first time during any calendar
year, to exceed $100,000. Any Option Rights intended to be
Incentive Stock Options granted by any “parent,” as
such term is used in Section 422A of the Internal Revenue
Code, as amended, of National Processing pursuant to such
parent’s Stock Option plans, shall be included in the
definition of Option Rights for the purpose of determining the
$100,000 limitation.

  
5.  Additional Option.

  
(a)  The Board of Directors may, at or after the date of
grant of Option Rights, grant Additional Options.

  
(b)  If an Optionee exercises an Outstanding Option that has
 an Additional Option Feature by transferring already owned
shares of Common Stock and/or when shares of Common Stock are
tendered or relinquished as payment of the amount to be withheld
under applicable federal, state and local income tax laws (at
withholding rates not to exceed the Optionee’s applicable
marginal tax rates) in connection with the exercise of an option,
 the Optionee shall automatically be granted an Additional
Option. The Additional Option shall be subject to the following
provisions:

  
(1)  The Additional Option shall cover the number of shares
of Common Stock equal to the sum of (A) the number of shares
 of Common Stock delivered as consideration upon the exercise of
the previously granted Outstanding Option to which such
Additional Option Feature relates and (B) the number of
shares of Common Stock tendered or relinquished as payment of the
 amount to be withheld under applicable federal, state and local
income tax laws in connection with the exercise of the option to
which such Additional Option Feature relates;

  
(2)  The Additional Option will not have an Additional
Option Feature unless the Board of Directors directs otherwise;

  
(3)  The Additional Option option price shall be 100% of the
 Market Value per Share on the date the employee delivers shares
of Common Stock to exercise the Option that has the Additional
Option Feature and/or delivers or forfeits shares of Common Stock
 in payment of income tax withholding on the exercise of an
Option that has the Additional Option Feature;

  
(4)  The Additional Option shall have the same termination
date and other termination provisions as the underlying Option
that had the Additional Option Feature.

  
6.  Grants of Appreciation Rights.  The Board of
 Directors may from time to time authorize the granting of
Appreciation Rights in respect of any or all of the Option Rights
 under any Outstanding Option (including Options Rights
simultaneously granted) to the Optionee thereunder. An
Appreciation Right shall be a right in the Optionee to receive
from National Processing an amount which shall be determined by
the Board of Directors and shall be expressed as a percentage of
the Spread (not exceeding 100%) at the time of exercise. To the
extent such Optionee elects to exercise such Appreciation Right
instead of the related Option Right, the related Option Right
shall be cancelled, and vice versa. Each such grant may utilize
any or all of the authorizations, and shall be subject to all of
the limitations, contained in the following provisions:

  
(a)  Any grant may permit the exercise of an Appreciation
Right with respect to the value of shares of Common Stock covered
 by the related Option Rights.

  
(b)  Any grant may specify that the amount payable on
exercise of an Appreciation Right may be paid by National
Processing in cash, in shares of Common Stock or in any
combination thereof, and may either grant to the Optionee or
retain in the Board of Directors the right to elect among those
alternatives.

  
(c)  Each grant shall provide that the maximum number of
shares of Common Stock deliverable upon exercise of an
Appreciation Right may not exceed the number of shares of Common
Stock purchasable upon exercise of the related Option Rights.

  
(d)  Any grant may specify waiting periods before exercise
and permissible exercise dates or periods. No Appreciation Right
shall be exercisable except at a time when the related Option
Right is also exercisable.

  
(e)  Each grant of an Appreciation Right shall be evidenced
by an agreement executed on behalf of National City by any
officer designated by the Board of Directors for this purpose and
 delivered to and accepted by the Optionee, which agreement shall
 describe such Appreciation Right, identify the related Option
Rights, state that such Appreciation Right is subject to all the
terms and conditions of this Plan, including the right of the
Board of Directors to amend, suspend or terminate such
Appreciation Right as set forth in Paragraph 11(c) of
this Plan, and contain such other terms and provisions,
consistent with this Plan, as the Board of Directors may approve
(the “Option Agreement”). A failure by the Optionee to
execute and deliver to National Processing the Option Agreement
within 60 days after the grant of Option Rights may terminate the
 Option Rights upon the determination of the Board of Directors.

  
7.  Transferability.  Except as otherwise
provided for by the Board of Directors, no Option Right including
 any related Appreciation Right shall be transferable by an
Optionee other than by will or the laws of descent and
distribution. Unless the Board of Directors directs otherwise,
Option Rights and Appreciation Rights shall be exercisable during
 the Optionee’s lifetime only by the Optionee or by the
Optionee’s guardian or legal representative.

  
8.  Adjustments.  The Board of Directors may
make or provide for such adjustments in the maximum numbers and
kind of shares of Common Stock specified in Paragraphs
3(b) and (c) and 4(c) of this Plan, in the numbers
 and kind of shares of Common Stock covered by Option Rights and
Appreciation Rights granted hereunder, and in the prices per
share applicable under such Option Rights and Appreciation
Rights, as such Board in its sole discretion, exercised in good
faith, may determine is equitably required to prevent dilution or
 enlargement of the rights of Optionees that otherwise would
result from any stock dividend, stock split, combination of
shares, recapitalization or other change in the capital structure
 of National Processing, merger, consolidation, spin-off,
reorganization, partial or complete liquidation, issuance of
rights or warrants to purchase securities, or other corporate
transaction or event having an effect similar to any of the
foregoing.

  
9.  Fractional Shares.  National Processing
shall not be required to issue any fractional share of Common
Stock pursuant to this Plan. The Board of Directors may provide
for the elimination of fractions or for the settlement of
fractions in cash.

  
10.  Administration of the Plan.

  
(a)  This Plan shall be administered by the Board of
Directors, which may from time to time delegate all or any part
of its authority under this Plan to a Compensation Committee of
the Board of Directors, a subcommittee of the Compensation
Committee, or another committee of directors of National
Processing appointed by the Board of Directors to serve as the
committee responsible for administering this Plan (the
“Committee”). To the extent of such delegation,
references herein to the “Board of Directors” shall
include the Committee. The Board of Directors may name assistants
 who may be, but need not be, members of the Committee. Such
assistants shall serve at the pleasure of the

Board of Directors,
 and shall perform such functions as are provided for herein and
such other functions as may be assigned by the Board of
Directors.

  
(b)  The interpretation and construction by the Board of
Directors of any provision of this Plan or of any agreement
evidencing the grant of Option Rights or Appreciation Rights and
any determination by the Board of Directors pursuant to any
provision of this Plan or of any such agreement shall be final
and conclusive. No member of the Board of Directors or any
assistant shall be liable for any action taken or omitted in
connection with the interpretation or administration of this Plan
 or any grant unless attributable to his or her own willful
misconduct or lack of good faith.

  
11.  Amendments, Etc.

  
(a)  This Plan may be amended from time to time by the Board
 of Directors but without further approval by the shareholders of
 National Processing no such amendment shall (i) increase
the maximum numbers of shares of Common Stock specified in
Paragraphs 3(b) and (c) and 4(c) of this Plan (except
that adjustments authorized by Section 8 of this Plan shall
not be limited by this provision), (ii) change the
definition of “Eligible Employees”, or
(iii) materially increase the benefits accruing to Optionees
 hereunder.

  
(b)  Except as provided in Section 8 of the Plan, the
Committee shall not, without the further approval of shareholders
 of National City, authorize the amendment of any outstanding
Option Right to reduce the option price. Furthermore, no Option Rights shall be cancelled and
replaced with awards having a lower option price (except as
provided by Sections 5 and 8 of this Plan) without the further
approval of the shareholders of National Processing.

  
(c)  The Board of Directors may at any time amend, suspend
or terminate any agreement evidencing Appreciation Rights granted
 under this Plan; in the case of an amendment, the amended
Appreciation Right shall conform to the provisions of this Plan.

  
(d)  In the case of any Option or Appreciation Right not
immediately exercisable in full, the Board of Directors in its
discretion may accelerate the time at which Option or
Appreciation Rights may be exercised.

  
12.  Assumptions.

  
(a)  In the event that a corporation is merged into National
 Processing, and National Processing is the survivor of such
merger, the Board of Directors may elect, in its sole discretion,
 to assume under this Plan any or all outstanding options granted
 by such corporation to its officers and employees under any
stock option plan adopted by it prior to such merger. Such
assumptions shall be on such terms and conditions as the Board of
 Directors may determine in its sole discretion, provided,
however, that the options as assumed do not provide or contain
any terms, conditions or rights which an Option Right may not
provide or contain under Sections 2 through 10 hereunder.

  
13.  Miscellaneous.

  
(a)  All expenses and costs in connection with the operation
 of the Plan shall be borne by National Processing.

  
(b)  This Plan shall be construed in accordance with and
governed by the internal substantive laws of the State of Ohio.

  
(c)  This Plan shall be binding upon and inure to the
benefit of National Processing, its successors and assigns and
each Participant and his or her beneficiaries, heirs, executors,
administrators and legal representatives.

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