Document:

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                                                                     Exhibit 4.1

                   AMENDMENT NO. 1 TO THE RIGHTS AGREEMENT

            This Amendment No. 1 (this "Amendment"), dated as of July 12, 2002,
between PHARMACIA CORPORATION, a Delaware corporation (the "Company") and MELLON
INVESTOR SERVICES LLC, a New Jersey limited liability company, as Rights Agent
(the "Rights Agent"), to the Amended and Restated Rights Agreement, dated as of
February 20, 2001, between the Company and the Rights Agent (the "Rights
Agreement"); all capitalized terms not defined herein shall have the meanings
ascribed to such terms in the Rights Agreement.

            WHEREAS, the Company proposes to enter into an Agreement and Plan of
Merger, dated as of July 13, 2002 (as amended, supplemented, modified or
replaced from time to time, the "Merger Agreement"), among Pfizer, Inc., a
Delaware corporation ("Parent"), Pfizer Acquisition Sub Corp., a Delaware
corporation and a direct, wholly owned subsidiary of Parent ("Merger Sub"), and
the Company;

            WHEREAS, the Board of Directors of the Company has determined that
the Merger Agreement and the terms and conditions set forth therein and the
transactions contemplated thereby, including, without limitation, the Merger (as
defined in the Merger Agreement), are advisable and are fair to and in the best
interests of the Company and its stockholders;

            WHEREAS, the Board of Directors of the Company has determined, in
connection with its contemplation of the Merger Agreement, that it is necessary
and desirable to amend the Rights Agreement to exempt the Merger Agreement and
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the transactions contemplated thereby, including, without limitation, the
Merger, from the application of the Rights Agreement as set forth in this
Amendment;

            WHEREAS, Section 27 of the Rights Agreement provides that the
Company may in its sole and absolute discretion from time to time supplement and
amend the Rights Agreement without the approval of any holders of Rights
Certificates in order, among other things, to make any provisions with respect
to the Rights which the Company may deem necessary or desirable; and

            WHEREAS, pursuant to Section 27, the Company hereby directs that the
Rights Agreement should be amended as set forth in this Amendment.

            NOW THEREFORE, in consideration of the foregoing premises and mutual
covenants and agreements set forth herein, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and the Rights Agent hereby agree as follows:

            Section 1. Amendment to Section 1(a). Section 1(a) of the Rights
Agreement is hereby amended and supplemented by adding the following sentence to
the end thereof:

      "Notwithstanding anything in this Agreement to the contrary, neither
      Pfizer, Inc., a Delaware corporation ("Parent"), nor Pfizer Acquisition
      Sub Corp., a Delaware corporation and a direct, wholly owned subsidiary of
      Parent ("Merger Sub"), nor any of Parent's Affiliates shall become or be
      deemed to be an Acquiring Person as a result of (i) the approval,
      execution, delivery or performance of the Agreement and Plan of Merger,
      dated as of July 13, 2002, among Parent, Merger Sub and the Company (as
      amended, supplemented, modified or replaced from time to time, the "Merger
      Agreement"), (ii) the consummation of the Merger (as defined in the Merger
      Agreement), (iii) the consummation of any other transaction contemplated
      in the Merger Agreement, including the exchange of common stock of the
      Company for common stock
<PAGE>
      of the Parent thereunder pursuant to the Merger Agreement, or (iv) the
      public announcement of any of the foregoing."

            Section 2. Amendment to Section 1(l). Section 1(l) of the Rights
Agreement is hereby amended and supplemented by adding the following sentence to
the end thereof:

      "Notwithstanding anything in this Agreement to the contrary, a Shares
      Acquisition Date shall not occur or be deemed to have occurred as a result
      of (i) the approval, execution, delivery or performance of the Merger
      Agreement, (ii) the consummation of the Merger, (iii) the consummation of
      any other transaction contemplated in the Merger Agreement, including the
      exchange of common stock of the Company for common stock of the Parent
      thereunder pursuant to the Merger Agreement, or (iv) the public
      announcement of any of the foregoing."

            Section 3. Amendment to Section 3. Section 3 of the Rights Agreement
is hereby amended and supplemented by adding the following proviso to the end of
the first sentence thereof:

      "; provided that notwithstanding anything in this Agreement to the
      contrary, a Distribution Date shall not occur or be deemed to have
      occurred as a result of (i) the approval, execution, delivery or
      performance of the Merger Agreement, (ii) the consummation of the Merger,
      (iii) the consummation of any other transaction contemplated in the Merger
      Agreement, including the exchange of common stock of the Company for
      common stock of the Parent thereunder pursuant to the Merger Agreement, or
      (iv) the public announcement of any of the foregoing."

            Section 4. Effective Date. This Amendment shall be deemed effective
as of the date first written above, as if executed on such date.

            Section 5. Governing Law. This Amendment shall be deemed to be a
contract made under the laws of the State of Delaware and for all purposes shall
be governed by and construed in accordance with the laws of such State
applicable to
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contracts to be made and performed entirely within such State; provided,
however, that all provisions regarding the rights, duties and obligations of the
Rights Agent shall be governed by and construed in accordance with the laws of
the State of New York applicable to contracts made and to be performed entirely
within such State.

            Section 6. Severability. If any term, provision, covenant or
restriction of this Amendment is held by a court of competent jurisdiction or
other competent authority to be invalid, illegal or incapable of being enforced,
the remainder of the terms, provisions, covenants and restrictions of this
Amendment, and of the Rights Agreement, shall remain in full force and effect
and shall in no way be affected, impaired or invalidated. Upon any such
determination that any term or other provision is invalid, illegal or incapable
of being enforced, the parties hereto shall negotiate in good faith to modify
such provision so as to effect the original intent of the parties as closely as
possible and in an acceptable manner with respect to such provision to the
greatest extent possible.

            Section 7. Notice. The Rights Agent and the Company hereby waive any
notice requirement with respect to each other under the Rights Agreement, if
any, pertaining to the matters covered by this Amendment.

            Section 8. No Other Effect. Except as expressly set forth herein,
the Rights Agreement shall not by implication or otherwise be supplemented or
amended by virtue of this Amendment, but shall remain in full force and effect,
as amended hereby.

            Section 9. Counterparts. This Amendment may be executed in any
number of counterparts and each of such counterparts shall for all purposes be
deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.
<PAGE>
            IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed as of the date and year first above written.

                                          PHARMACIA CORPORATION

                                          By    /s/ Judith Reinsdorf
                                                -------------------------------
                                                Name: Judith Reinsdorf
                                                Title:Vice President and
                                                      Assistant Secretary

                                          MELLON INVESTOR SERVICES LLC

                                          By    /s/ Daniel M. Egan
                                                -------------------------------
                                                Name: Daniel M. Egan
                                                Title:Vice President2000 STOCK PURCHASE AND OPTION PLAN

 

Exhibit 4.8

AMERICANA PUBLISHING INC.

2000 STOCK PURCHASE AND OPTION PLAN

SECTION I

PURPOSE

         AMERICANA PUBLISHING, INC. (the “Company”), desires to afford certain of
its key employees, officers, and consultants, who are responsible for the
continued growth of the Company, an opportunity to acquire a proprietary
interest in the Company, and, thus, to create in such individuals a greater
concern for the welfare of the Company and its subsidiaries. The Company, by
means of this 2000 Stock Purchase and Option Plan, seeks to retain the services
of persons now holding key positions or providing key services and to secure
the services of persons capable of filling such positions. The Options offered
herein are a matter of separate inducement and are not in lieu of any salary or
other compensation otherwise agreed to and provided by the Company for the
services of any key employee or consultant. The Options granted hereunder are
intended to be either Incentive Stock Options or Non-Qualified Stock Options.

SECTION II

DEFINITIONS

         The terms, as used in this 2000 Plan, shall have the meanings provide
below:

         (a)  Administrator. The Board of Directors of the Company, or a committee
established by the Board, designated to administer the 2000 Plan, which shall
consist of not less than two (2) Non-Employee Directors satisfying the
requirements of Rule 16b-3.

         (b)  Affiliate. Any entity that, directly or indirectly through one or
more intermediaries, is controlled by the Company and any entity in which the
Company has a significant equity interest.

         (c)  Code. The Internal Revenue Code of 1986, as amended, and any
regulations promulgated thereunder.

         (d)  Company. Americana Publishing Inc., a Colorado corporation.

         (e)  Eligible Person. Any employee, officer or consultant providing
services to the Company or any Affiliate who the Administrator determines to be
an Eligible Person. A director of the Company who is not also an employee of
the Company or an Affiliate shall be an Eligible Person.

         (f)  Exchange Act. The Securities Exchange Act of 1934, as amended.

         (g)  Fair Market Value. The closing “bid” price of the Shares on the date
in question as quoted on NASDAQ, or any successor national stock exchange on
which the Shares are then traded; provided, however, that if on the date in
question there is no public market for the Shares and they are

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neither quoted on NASDAQ nor traded on a national securities exchange, then the
Administrator shall, in its sole discretion and best judgment, determine the
Fair Market Value.

         (h)  Incentive Stock Option. An Option granted under the 2000 Plan that is
intended to meet the requirements of Section 422 of the Code or any successor
provision.

         (i)  NASDAQ. The National Association of Securities Dealers Electronic
Bulletin Board or Automated Quotation System.

         (j)  Non-Employee Directors. Directors, as such term is defined in Rule
16b-3(b)(3)(I) promulgated under the Exchange Act, that have the qualifications
thereunder to satisfy the requirements of Rule 16b-3.

         (k)  Non-Qualified Stock Option. An Option granted under the 2000 Plan
that is not intended nor meets the requirements of Section 422 of the Code or
any successor provision.

         (l)  Option. An Incentive Stock Option or a Non-Qualified Stock Option.

         (m)  Option Agreement. Any written agreement, contract or document
evidencing any Option granted under the 2000 Plan.

         (n)  Optionee. An Eligible Person granted an Option under the 2000 Plan.

         (o)  Participant. An Eligible Person designated to be granted an Option
under the 2000 Plan.

         (p)  Person. Any individual, corporation, partnership, association,
limited liability company, or trust.

         (q)  Rule 16b-3. The Rule 16b-3 promulgated by the Securities and Exchange
Commission under the Exchange Act, or any successor rule or regulation.

         (r)  Shares. The shares of common stock, $.001 par value, of the Company.

         (s)  10% Shareholder. A Participant who owns Shares of the Company or
shares of any subsidiary corporation or parent corporation of the Company
possessing more than 10% of the Company or subsidiary corporation or parent
corporation of the Company.

         (t)  2000 Plan. This 2000 Stock Purchase and Option Plan.

SECTION III

ADMINISTRATION

         The Administrator, subject to the express provisions contained herein and
applicable law, shall administer this 2000 Plan with full power and authority
to:

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         (a)  designate Participants;

         (b)  determine the types of Options (e.g., whether Incentive Stock Options
or Non-Qualified Stock Options) to be granted to each Participant under the
2000 Plan;

         (c)  determine the number of Shares to be covered by each Option;

         (d)  determine the terms and conditions of any Option Agreement;

         (e)  amend the terms and conditions of any Option Agreement and accelerate
the exercisability of Options covered thereunder;

         (f)  determine whether, to what extent and under what circumstances Options
may be exercised in cash, shares, cancellation of indebtedness of the Company
owing to the Optionee, other securities, other property, or any combination
thereof;

         (g)  determine whether, to what extent and under what circumstances Options
shall be deferred either automatically or at the election of the holder thereof
or the Administrator;

         (h)  interpret and administer the 2000 Plan and any instrument or Option
Agreement relating to, or Option granted under the 2000 Plan;

         (i)  establish, amend, suspend or waive such rules and regulations and
appoint such agents as it shall deem appropriate for the proper administration
of the 2000 Plan;

         (j)  make any other determination and take any other action that it deems
necessary or desirable for the administration of the 2000 Plan;

         (k)  at least thirty (30) days before the regular annual meeting of the
shareholders, the Administrator, if not the Board of Directors, shall submit a
written report to the Board of Directors providing the following information:

                  (1) Names of Eligible Participants, to whom Options were granted during
the preceding year;

                  (2) The number of shares covered by each Option;

                  (3) The applicable option price and terms for each such Eligible
Participant.

         Unless otherwise expressly provided in the 2000 Plan, all designations,
determinations, interpretations and other decisions under or with respect to
the 2000 Plan or any Option shall be within the sole discretion of the
Administrator, may be made at any time and shall be final, conclusive and
binding upon any Participant, any holder or beneficiary of any Option granted
under the 2000 Plan and any employee of the Company or any Affiliate.

SECTION IV

AVAILABLE SHARES SUBJECT TO OPTION

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         The Shares underlying the Options granted pursuant to this 2000 Plan, are
subject to the following provisions:

         (a)  Shares Available. The total number of Shares for which Options may be
granted pursuant to the 2000 Plan shall be 5,000,000 Shares in the aggregate,
subject to adjustments as provided in Section 4(c). If any Shares covered by
an Option or to which an Option relates are not purchased or are forfeited, or
if an Option otherwise expires, then the number of Shares counted against the
aggregate number of Shares available under the 2000 Plan with respect to such
Option, to the extent of any such forfeitures or terminations, shall again be
available for Options under the 2000 Plan.

         (b)  Accounting for Shares Covered by an Option. For purposes of this
Section 4, the number of Shares covered by an Option shall be counted on the
date of grant of such Option against the aggregate number of Shares available
for granting Options under the 2000 Plan.

         (c)  Adjustments. In the event that the Administrator shall determine that
any dividend or other distribution (whether in the form of cash, shares, other
securities or other property), re-capitalization, stock split, reverse stock
split, reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase or exchange of shares or other securities of the Company, issuance
of warrants or other rights to purchase shares or other securities of the
Company or other similar rights to purchase shares or other securities of the
Company or other similar corporation transaction or event affects the Shares
subject to Option grants under the 2000 Plan such that an adjustment is
determined by the Administrator to be appropriate in order to prevent dilution
or enlargement of the benefits or potential benefits intended to be made
available under the 2000 Plan, then the Administrator shall, in such manner as
it may deem equitable, adjust any or all of:

                  (1) the number of Shares which may thereafter be made the subject of
Options;

                  (2) the number of Shares subject to outstanding Option awards; and

                  (3) the purchase or exercise price with respect to any Option, provided,
however, that the number of Shares covered by an Option or to which such Option
relates shall always be a whole number.

         (d)  Incentive Stock Options. Notwithstanding the foregoing, the number of
Shares available for granting Incentive Stock Options under the 2000 Plan shall
not exceed 100,000 Shares subject to adjustment as provided in the 2000 Plan
and Section 422 or 424 of the Code or any successor provisions.

SECTION V

ELIGIBILITY

         Any Eligible Person shall be eligible to be designated a Participant. In
determining which Eligible Persons shall receive an Option and the terms of any
Option, the Administrator may take into account the nature of the services
rendered by the respective Eligible Persons, their present and potential
contributions to the success of the Company or such other factors as the
Administrator, in its discretion, shall deem relevant. Notwithstanding the
foregoing, an Incentive Stock Option may only be granted to full or part-time
employees (which term as used herein includes, without limitation, officers and
directors who are also employees) and shall not be granted to an employee of an
Affiliate unless such

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Affiliate is also a “subsidiary corporation” of the Company within the meaning
of Section 424(f) of the Code or any successor provision.

SECTION VI

OPTION AWARDS

         The Administrator is authorized to grant Options to Participants under any
terms deemed advisable including the following terms and conditions and with
such additional terms and conditions not inconsistent with the provisions of
the 2000 Plan as the Administrator shall determine:

         (a)  Exercise Price. The purchase price per Share purchasable under an
Option shall be determined by the Administrator; provided, however, that for
Qualified or Incentive Stock Options, such purchase price shall not be less
than eighty-five percent (85%) of the Fair Market Value of a Share on the date
of grant of such Option, provided further, any Option granted to a Participant
who, at the time such Option is granted, is an officer or director of the
Company, the purchase price shall not be less than one hundred percent (100%)
of the Fair Market Value of a Share on the date of grant of such Option. In
the case of an Incentive Stock Option granted to a Participant who, at the time
such Option is granted, is deemed to be a 10% Shareholder, the purchase price
for each Share shall be such amount as the Administrator in its best judgment
shall determine to be not less than one hundred and ten percent (110%) of the
Fair Market Value per Share at the date the Incentive Stock Option is granted.
In determining stock ownership of a Participant for any purposes under the 2000
Plan, the rules of Section 424(d) of the Code shall be applied, and the
Administrator may rely on representations of fact made to it by the Participant
to be true.

         (b)  Option Term. The term of each Option shall be fixed by the
Administrator which in any event shall not exceed a term of ten (10) years from
the date of the grant, provided, however, that the term of any Incentive Stock
Option granted to any 10% Shareholder shall not be exercisable after the
expiration of five (5) years from the date such Incentive Stock Option was
granted.

         (c)  Maximum Grant of Incentive Stock Options. The aggregate Fair Market
Value (determined on the date the Incentive Stock Option is granted) of Shares
subject to an Incentive Stock Option (when first exercisable) granted to a
Participant by the Administrator in any calendar year shall not exceed one
hundred thousand dollars ($100,000.00).

         (d)  Time and Method of Exercise. Subject to the provisions of the 2000
Plan, the Administrator shall determine the time or times at which an Option
may be exercised in whole or in part and the method or methods which shall
consist of cash, shares, cancellation of indebtedness of the Company owing to
the Optionee, other property, or any combination thereof, having a Fair Market
Value on the exercise date equal to the relevant exercise price, in which,
payment of the exercise price may be made or deemed to have been made.

         (e)  Limits on Transfer of Options. No Option shall be transferable by a
Participant otherwise than by will or by the laws of descent and distribution,
except by gift to family members which is not otherwise specifically proscribed
by the Administrator in its discretion; provided, however, that, if so
determined by the Administrator, a Participant may, in the manner established
by the Administrator, designate a beneficiary or beneficiaries to exercise the
rights of the Participant and receive any Shares purchased with respect to any
Option upon the death of the Participant. Each Option shall be exercisable
during the Participant’s lifetime only by the Participant or, if permissible
under applicable law, by the

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Participant’s guardian or legal representative. No Option or Shares underlying
any Option shall be pledged, alienated, attached or otherwise encumbered, and
any purported pledge, alienation, attachment or encumbrance shall be void and
unenforceable against the Company or any Affiliate.

         (f)  Restrictions and Securities Exchange Listing. All certificates for
Shares delivered upon the exercise of Options shall be subject to such stop
transfer orders and other restrictions as the Administrator may deem advisable
under the 2000 Plan or the rules, regulations and other requirements of the
Securities and Exchange Commission and any applicable federal or state
securities laws, and the Administrator may cause a legend or legends to be
placed on such certificates to make appropriate reference to such restrictions.
If the Shares or other securities are traded on a national securities
exchange, the Company shall not be required to deliver any Shares covered by an
Option unless and until such Shares have been admitted for trading on such
securities exchange.

         (g)  Termination of Employment or Consultancy. With respect to options
previously granted to employees or consultants, termination of employment or
consultancy shall be subject to the following provisions:

                  (1) Upon termination of the employment or consultancy, as the case may
be, of any Participant, an Option previously granted to the Participant, unless
otherwise specified herein or by the Administrator in the Option, shall, to the
extent not theretofore exercised, terminate or become null and void, provided
however:

                           (i) If the Participant shall die while in the employ of the Company or
during the 12 month period immediately following termination, whichever is
applicable, and at a time when the option by its terms was otherwise
exercisable by the Participant, the legal representative of such Participant,
or such Person who acquired such Option by bequest or inheritance or by reason
of the death of the Participant, may, not later than twelve (12) months from
the date of death, exercise such Option, to the extent not theretofore
exercised, in respect of any or all of such number of Shares specified by the
Administrator in such Option; and

                           (ii) If the employment or consultancy of any Participant to whom such
Option shall have been granted shall terminate by reason of the Participant’s
retirement (at such age upon such conditions as shall be specified by the Board
of Directors), disability (as described in Section 22(e) of the Code) or
dismissal by the Company other than for cause (as defined below), and while
such Participants entitled to exercise such Option as herein provided, such
Participant shall have the right to exercise such Option so granted, to the
extent not theretofore exercised, in respect of any or all of such number of
Shares as specified by the Administrator in such Option, at any time up to 12
months from the date of termination of the Optionee’s employment or consultancy
by reason of retirement or dismissal other than for cause or disability,
provided further, that if the Optionee dies within such twelve (12) month
period, subclause (i) above shall apply.

                  (2) If a Participant voluntarily terminates his or her employment or
consultancy, as the case may be, or is discharged for cause, any Option granted
hereunder shall, unless otherwise specified by the Administrator in the Option,
forthwith terminate with respect to any unexercised portion thereof.

                  (3) If an Option granted hereunder shall be exercised by the legal
representative of a deceased or disabled Participant, or by a person who
acquired an Option granted hereunder by bequest or inheritance or by reason of
death of any such person, written notice of such exercise shall be

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accompanied by a certified copy of letters testamentary or equivalent proof of
the right of such legal representative or other person to exercise such Option.

                  (4) For all purposes of the 2000 Plan, the term “for cause” shall mean:

                           (i) With respect to a Participant who is a party to a written employment
or consultancy agreement with the Company, as the case may be, which contains a
“for cause” definition or “cause” (or words of like import) for purposes of
termination of employment or consultancy thereunder by the Company, “for cause”
or “cause” as defined in the most recent of such agreements; or

                           (ii) In all other cases, as determined by theAdministrator in its sole
discretion, that one or more of the following has occurred:

                           (A) any failure by a Participant to substantially perform his or her
employment or consultancy duties, as the case may be, which shall not have been
corrected within thirty (30) days following written notice of such failure to
perform;

                           (B) any engaging by such Participant in misconduct or, in the case of an
officer Participant, any failure or refusal by such officer Participant to
follow the directions of the Company’s Board of Directors or Chief Executive
Officer of the Company which, in either case, is injurious to the Company or
any Affiliate;

                           (C) any breach by a Participant of any obligation or specification
contained in the instrument pursuant to which an Option is granted; or

                           (D) such Participant’s conviction or entry of a plea of nolo contendere
in respect of any felony, or of a misdemeanor which results in, or is
determined by the Board of Directors or Administrator, as likely to result in
economic or reputational injury to the Company or any of its Affiliates.

SECTION VII

AMENDMENTS, TERMINATION AND ADJUSTMENTS

         Except to the extent prohibited by applicable law and unless otherwise
expressly provided in an Option Agreement or in the 2000 Plan:

         (a)  Amendments to the 2000 Plan. The Board of Directors of the Company
may amend, alter, suspend, discontinue or terminate the 2000 Plan; provided,
however, that, notwithstanding any other provision of the 2000 Plan or any
Option, without approval of the stockholders of the Company, no such amendment,
alteration, suspension, discontinuation or termination shall be made that,
absent such approval:

                  (1) would cause Rule 16b-3 to become unavailable with respect to the 2000
Plan;

                  (2) would violate the rules or regulations of any national securities
exchange on which the Shares of the Company are traded or the rules or
regulations of the National Association of Securities Dealers, Inc. that are
applicable to the Company; or

Page 7 of 13

 

                  (3) would cause the Company to be unable, under the Code, to grant
Incentive Stock Options under the 2000 Plan.

         (b)  Amendments to Option Grants. The Administrator may waive any
conditions or rights of the Company under any outstanding Option grant,
prospectively or retroactively. The Administrator may not amend, alter,
suspend, discontinue or terminate any outstanding Option grant, prospectively
or retroactively, without the consent of the Participant or holder or
beneficiary thereof, except as otherwise herein provided.

         (c)  Correction of Defects, Omissions and Inconsistencies. The
Administrator may correct any defect, supply any omission or reconcile any
inconsistency in the 2000 Plan or any Option in the manner and to the extent it
shall deem desirable to carry the 2000 Plan into affect.

SECTION VIII

INCOME TAX WITHHOLDING and TAX BONUSES

         The exercise of Options and issuance of the underlying Shares under this
2000 Plan, are subject to the following:

         (a)  Withholding. In order to comply with all applicable federal or state
income tax laws or regulations, the Company may take such action as it deems
appropriate to ensure that all applicable federal or state payroll,
withholding, income or other taxes, which are the sole and absolute
responsibility of a Participant, are withheld or collected from such
Participant. In order to assist a Participant in paying all or a portion of
the federal and state taxes to be withheld or collected upon exercise of any
Option, the Administrator, in its discretion and subject to such additional
terms and conditions as it may adopt, may permit the Participant to satisfy
such tax obligation by:

                  (1) electing to have the Company withhold a portion of the Shares
otherwise to be delivered upon exercise of any Option with a Fair Market Value
equal to the amount of such taxes or

                  (2) delivering to the Company Shares other than the shares issuable upon
exercise of the applicable Option with a Fair Market Value equal to the amount
of such taxes. The election, if any, must be made on or before the date that
the amount of tax to be withheld is determined.

         (b)  Tax Bonuses. The Administrator, in its discretion, shall have the
authority, at the time of grant of any Option under this 2000 Plan or at any
time thereafter, to approve cash bonuses to designated Participants to be paid
upon their exercise in order to provide funds to pay all or a portion of
federal and state taxes due as a result of such exercise, and shall have full
authority in its discretion to determine the amount of any such tax bonus.

SECTION IX

EFFECTIVE DATE AND TERM

         The effective date and term of this 2000 Plan are as follows:

         (a)  Effective Date. The effective date of this 2000 Plan shall be July 1,
2000.

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         (b)  Term of 2000 Plan. Unless the 2000 Plan shall have been discontinued
or terminated as provided for in the provisions of this 2000 Plan, the 2000
Plan shall terminate on June 30, 2010. No Option shall be granted after the
termination of the 2000 Plan. However, unless otherwise expressly provided in
the 2000 Plan or in an applicable Option, any Option theretofore granted may
extend beyond the termination of the 2000 Plan, and the authority of the
Administrator provided for hereunder with respect to the 2000 Plan and any
Option grants, and the authority of the Board of Directors of the Company to
amend the 2000 Plan, shall extend beyond the termination of the 2000 Plan.

SECTION X

GENERAL PROVISIONS

         The general provisions applicable to this 2000 Plan are as follows:

         (a)  No Rights to Option Grants. No Eligible Person, Participant or other
Person shall have any claim to be granted an Option under the 2000 Plan, and
there is no obligation for uniformity of treatment of Eligible Persons,
Participants or holders or beneficiaries of Options granted under the 2000
Plan. The terms and conditions of Options need not be the same with respect to
any Participant or with respect to different Participants.

         (b)  Option Agreements. No Participant will have rights under an Option
granted to such Participant unless and until a written Option shall have been
duly executed on behalf of the Company. Each Option shall set forth the terms
and conditions of the Option as granted to a Participant consistent with the
provisions of this 2000 Plan.

         (c)  Limit on Other Compensation Arrangements. Nothing contained in the
2000 Plan shall prevent the Company or any Affiliate from adopting or
continuing in effect other or additional compensation arrangements, and such
arrangements may be either generally applicable or applicable only in specific
cases.

         (d)  No Right to Employment. The grant of an Option shall not be construed
as giving a Participant the right to be retained in the employ of the Company
or any Affiliate, nor will it affect in any way the right of the Company or an
Affiliate to terminate such employment at any time, with or without cause. In
addition, the Company or an Affiliate may at any time dismiss a Participant
from employment free from any liability or any claim under the 2000 Plan,
unless otherwise expressly provided in the 2000 Plan or in any Option.

         (e)  Governing Law. The validity, construction and effect of the 2000 Plan
or any Option granted hereunder, and any rules and regulations relating to the
2000 Plan or any Option granted hereunder, shall be determined in accordance
with the laws of the State of Colorado except to the extent preempted by
Federal law.

         (f)  Severability. If any provision of the 2000 Plan or any Option is or
becomes or is deemed to be invalid, illegal or unenforceable in any
jurisdiction or would disqualify the 2000 Plan or any Option under any law
deemed applicable by the Administrator, such provision shall be construed or
deemed amended to conform to applicable laws, or if it cannot be so construed
or deemed amended without, in the determination of the Administrator,
materially altering the purpose or intent of the 2000

Page 9 of 13

 

Plan or the Option, such provision shall be stricken as to such jurisdiction or
Option, and the remainder of the 2000 Plan or any Option shall remain in full
force and effect.

         (g)  Section Headings. The section headings included herein are only for
convenience, and they shall have no effect on the interpretation of the 2000
Plan.

         IN WITNESS WHEREOF, this 2000 Plan has been duly amended and executed at
Albuquerque, New Mexico on this ____ day of October 2000.

AMERICANA PUBLISHING, INC.

 

George Lovato, President

Page 10 of 13

 

OPTION

         THE BOARD OF DIRECTORS of Americana Publishing Inc. (the “Company”), has
authorized and approved the 2000 Stock Purchase and Option Plan (“2000 Plan”).
This 2000 Plan provides for the grant of Options to employees including
officers and directors and consultants of the Company. Unless otherwise
provided herein all defined terms shall have the respective meanings ascribed
to them under the 2000 Plan.

         1.     GRANT OF OPTION. Pursuant to authority granted to it under the 2000
Plan, the Administrator responsible for administering the 2000 Plan hereby
grants to you, as an employee or consultant of the Company and as of
______________ , ______________ (“Grant Date”), the following Option ______________.
Each Option permits you to purchase one share of the Company’s common stock,
$.001 par value per share (“Shares”). It is agreed and determined by the
Administrator that the Fair Market Value of the shares subject to the Option is
$______________ per share.

         2.     CHARACTER OF OPTIONS. Pursuant to the 2000 Plan, Options granted
herein may be Incentive Stock Options or Non-Qualified Stock Options, or both.
To the extent permitted under the 2000 Plan and by law, such Options shall
first be considered Incentive Stock Options.

	 	3.	 	EXERCISE PRICE. The Exercise Price for each Option granted

herein shall be:

(a) $____________ for consultants or professionals;

(b) $____________ for employees;

(c) $____________ for Incentive Stock Option recipients except if such is granted to a 10$ stockholder, it shall be

             $____________ .

         4.     PAYMENT OF EXERCISE PRICE. Options represented hereby may be exercised
in whole or in part by delivering to the Company your payment of the Exercise
Price of the Option so exercised in cash, Shares, cancellation of indebtedness
of the Company owing to the Optionee, or in such form permitted under the 2000
Plan, or any combination thereof, having a Fair Market Value on the exercise
date equal to the relevant exercise price of the relevant Option being
exercised.

         5.     TERMS OF OPTIONS. The term of each Option granted herein shall be for
a term of up to ____________(___) years from the Grant Date, provided, however, that
the term of any Incentive Stock Option granted herein to an Optionee who is at
the time of the grant, the owner of 10% or more of the outstanding Shares of
the Company, shall not be exercisable after the expiration of five (5) years
from the Grant Date.

         6.     LIMITS ON TRANSFER OF OPTIONS. The Option granted herein shall not be
transferable by you otherwise than by will or by the laws of descent and
distribution, except for gifts to family members subject to any specific
limitation concerning such gift by the Administrator in its discretion;
provided, however, that you may designate a beneficiary or beneficiaries to
exercise your rights and receive any Shares purchased with respect to any
Option upon your death. Each Option shall be exercisable during your lifetime
only by you or, if permissible under applicable law, by your legal
representative. No Option herein granted or Shares underlying any Option shall
be pledged, alienated, attached or otherwise encumbered, and any purported
pledge, alienation, attachment or encumbrance thereof shall be void and
unenforceable against the Company or any Affiliate.

Page 11 of 13

 

         7.     TERMINATION OF EMPLOYMENT OR CONSULTANCY. If your employment or
consultancy is terminated with the Company, your Option and/or any unexercised
portion, shall be subject to the provisions below:

                  (a) Upon the termination of your employment or consultancy with the
Company, to the extent not theretofore exercised, your Option shall continue to
be valid; provided, however, that:

                           (i) If the Participant shall die while in the employ of the Company or
during the ___________ period, whichever is applicable, specified in clause
(ii) below and at a time when such Participant was entitled to exercise an
Option as herein provided, the legal representative of such Participant, or
such Person who acquired such Option by bequest or inheritance or by reason of
the death of the Participant, may, not later than ___________ (___) months from the
date of death, exercise such Option, to the extent not theretofore exercised,
in respect of any or all of such number of Shares specified by the
Administrator in such Option; and

                           (ii) If the employment or consultancy of any Participant to whom such
Option shall have been granted shall terminate by reason of the Participant’s
retirement (at such age upon such conditions as shall be specified by the Board
of Directors), disability (as described in Section 22(e) of the Code) or
dismissal by the Company other than for cause (as defined below), and while
such Participants entitled to exercise such Option as herein provided, such
Participant shall have the right to exercise such Option so granted, to the
extent not theretofore exercised, in respect of any or all of such number of
Shares as specified by the Administrator in such Option, at any time up to
_____________ from the date of termination of the Optionee’s employment or
consultancy by reason of retirement or dismissal other than for cause or
disability, provided, that if the Optionee dies within such twelve (12) month
period, subclause (i) above shall apply.

                  (b) If you voluntarily terminate your employment or consultancy, or are
discharged for cause, any Options granted hereunder shall forthwith terminate
with respect to any unexercised portion thereof.

                  (c) If any Options granted hereunder shall be exercised by your legal
representative if you should die or become disabled, or by any person who
acquired any Options granted hereunder by bequest or inheritance or by reason
of death of any such person written notice of such exercise shall be
accompanied by a certified copy of letters testamentary or equivalent proof of
the right of such legal representative or other person to exercise such
Options.

                  (d) For all purposes of the 2000 Plan, the term “for cause” shall mean
“cause” as defined in the 2000 Plan or your employment or consultancy agreement
with the Company.

         8.     RESTRICTION; SECURITIES EXCHANGE LISTING. All certificates for shares
delivered upon the exercise of Options granted herein shall be subject to such
stop transfer orders and other restrictions as the Administrator may deem
advisable under the 2000 Plan or the rules, regulations and other requirements
of the Securities and Exchange Commission and any applicable federal or state
securities laws, and the Administrator may cause a legend or legends to be
placed on such certificates to make appropriate reference to such restrictions.
If the Shares or other securities are traded on a national securities
exchange, the Company shall not be required to deliver any Shares covered by an
Option unless and until such Shares have been admitted for trading on such
securities exchange.

Page 12 of 13

 

         9.     AMENDMENTS TO OPTIONS HEREIN GRANTED. The Options granted herein may
not be amended without your consent.

         10.     WITHHOLDING TAXES. As provided in the 2000 Plan, the Company may
withhold from sums due or to become due to you from the Company an amount
necessary to satisfy its obligation to withhold taxes incurred by reason of the
disposition of the Shares acquired by exercise of the Options in a
disqualifying disposition (within the meaning of Section 421(b) of the Code),
or may require you to reimburse the Company in such amount.

AMERICANA PUBLISHING, INC.

 

         

(Printed Name)

(Title)

Date

Page 13 of 13

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