Document:

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                                                                   Exhibit 10.22

March 11, 2002

Christopher T. Hjelm
12736 Canario Way
Los Altos Hills, CA  94022

Dear Chris:

     eBay Inc. ("the Company" or "eBay") is pleased to offer you the exempt
position of Senior Vice President, eBay Technology at a salary of $13,541.67,
payable twice per month, which is equivalent to an annual salary of $325,000.00.
In addition, the Company may award you discretionary bonuses from time to time.

     You will be eligible to participate in a management incentive plan (MIP)
with payouts based on individual achievement as well as Company performance.
Your target bonus would be 40% of your base salary. Eligibility for this program
begins with your first full business quarter of employment and you must be
employed at the time of pay out (should there be one) to be considered eligible
for pay out under the program.

     You shall also receive a one-time sign-on bonus of $100,000.00 payable
within two payroll periods. In the event that your employment ceases for reasons
of cause or resignation prior to completion of one year of service from your
start date, the employment bonus is fully refundable to eBay.

     You will be entitled to the benefits that eBay customarily makes available
to employees in positions comparable to yours and it will be recommended to the
Board of Directors that you be granted an option for the purchase of 300,000
shares of the Company's Common Stock. The option will be granted under the
Company's Current Stock Option Plan and, assuming you remain an employee, will
vest with respect to 25% of the shares subject to the option one year after the
commencement of your employment and, at the end of each month thereafter, with
respect to an additional 1/48 of the shares subject to the option. Enclosed is
an Insider Trading Agreement, which outlines the procedures and guidelines
governing securities trades by company personnel. Please review the Agreement
carefully, sign and date the certification (page one of the agreement) and
return it to me.

     Under federal immigration laws, the Company is required to verify each new
employee's identity and legal authority to work in the United States.
Accordingly, please be prepared to furnish appropriate documents satisfying
those requirements; this offer of employment is conditioned on submission of
satisfactory documentation. Enclosed is a list of the required documents.

     We hope that you and eBay will find mutual satisfaction with your
employment. However, your employment at the Company is "at-will" and either you
or the Company may terminate your employment at any time, with or without cause
or advance notice. The at-will nature of the employment relationship can only be
changed by written agreement signed by eBay's Senior VP of Human Resources.
Other terms, conditions, job responsibilities, compensation and benefits may be
adjusted by the Company from time to time in its sole discretion.
<PAGE>
     All of us at eBay are very excited about you joining our team and look
forward to a beneficial and fruitful relationship. However, should any dispute
arise with respect to your employment or the termination of that employment, we
both agree that such dispute shall be conclusively resolved by final, binding
and confidential arbitration in accordance with the Voluntary Labor Arbitration
Rules of the American Arbitration Association (AAA) in San Jose, rather than by
a jury court or administrative agency. The Company will bear those expenses
unique to arbitration. Please review the enclosed Arbitration Agreement
carefully.

     As a condition of your employment, you must complete both the Arbitration
Agreement and the enclosed Employee Proprietary Information and Inventions
Agreement prior to commencing employment. In part, the Proprietary Information
and Inventions Agreement requires that a departing employee refrain from
unauthorized use or disclosure of the Company's confidential information (as
defined in that Agreement). This Agreement does not prevent a former employee
from using know-how and expertise in any new field or position. If you should
have any questions about the Employee Proprietary Information and Inventions
Agreement, please call me. Otherwise, please sign and date this document and
return it to me in the enclosed envelope.

     This letter, the Arbitration Agreement, and the Employee Proprietary
Information and Inventions Agreement contain the entire agreement with respect
to your employment. Should you have any questions with regard to any of the
items indicated above, please call me. Kindly indicate your consent to this
agreement by signing copies of this letter, the Arbitration Agreement, and the
Proprietary Information and Inventions Agreement and returning them to me, along
with the Insider Trading Agreement certification, by the close of business on
Monday, March 11, 2002.

     This offer is contingent upon your background, employment and educational
verification. Upon your signature below, this will become our binding agreement
with respect to your employment and its terms merging and superseding in their
entirety all other or prior offers, agreements and communications, whether
written or oral, by you and the Company as to the specific subjects of this
letter.

Very truly yours,

  /s/ Maynard Webb
-------------------------------------------
Maynard Webb
President, eBay Technology

ACCEPTED:

  /s/ Christopher Hjelm       March 11, 2002
--------------------------- --------------------
Christopher Hjelm           Date

Anticipated Start Date:   March 29, 2002
                        -------------------------SUBJECT TO COMPENSATION COMMITTEE APPROVAL

TO:     Matt Bannick
FROM:   eBay Inc.

RE:     Special Bonus Plan
DATE:   September 6, 2002
_____________________________________________________________________

eBay Inc. (the "Company") is pleased to provide you with this Special Bonus
Plan ("Plan")in connection with your acceptance of a new position as Senior
Vice President and General Manager, Global Online Payments and to encourage you
to remain employed by the Company. Set forth below is the terms of the Plan.

Bonus Schedule:

Under the Plan, you are eligible to earn bonuses at the close of the Company's
acquisition of PayPal and nine, eighteen and twenty-four months following such
close, under the following schedule:

        Bonus Performance Period End Date               Bonus Amount
        ---------------------------------               ------------
        Deal Close                                      $250,000
        Nine Month Anniversary                          up to $250,000*
        18 Month Anniversary                            up to $250,000*
        24 Month Anniversary                            up to $250,000*

The last three bonus amounts (indicated by asterisks) will be performance
based, using criteria to be agreed by you and eBay's CEO and COO related
primarily to the integration and performance of eBay's PayPal subsidiary. The
bonuses are subject to standard payroll deductions and withholdings. You must
be employeed by the Company on the applicable Performance Period End Date in
order to earn and receive the Bonus Amount(s),which will be paid out within
thirty (30) days after the applicable Performance Period End Date. Your
employment with the Company at all time remains "at will" and nothing herein
shall be held or construed as altering the at-will relationship. Either you or
the Company may terminate your employment at any time, with or without cause or
advanced notice. You understand that if your employment ceases prior to a Bonus
Performance Period End Date for any reason, you will not be eligible to receive
the Bonus Amount for that or any subsequent perios and that no pro rata bonus
can be earned. You also understand that should the pending acquisition of
PayPal not take place for any reason, no bonus will be payable or paid under
this Plan. The Plan will become effective upon your agreement to accept this
new role at the Company and Copensation Committee approval.

Agreed and Accepted:
/s/ Matt Bannick
------------------                                      Date: Oct 3, 2002
Matt Bannick<PAGE>
                                                                    EXHIBIT 10.2

                       INTRABIOTICS PHARMACEUTICALS, INC.

                   AMENDED AND RESTATED 1995 STOCK OPTION PLAN

                            ADOPTED FEBRUARY 15, 1995
                            AMENDED ON JUNE 13, 1996
                            AMENDED ON JULY 29, 1997
                           AMENDED ON OCTOBER 21, 1997
                            AMENDED ON JUNE 18, 1998
                           AMENDED ON OCTOBER 22, 1998
                            AMENDED ON JUNE 10, 1999
                           AMENDED ON JANUARY 26, 2000
                            AMENDED ON APRIL 27, 2001
                            AMENDED ON AUGUST 1, 2002

        1. PURPOSE OF THE PLAN. The purposes of this Amended and Restated 1995
Stock Option Plan are to attract and retain the best available personnel for
positions' of substantial responsibility, to provide additional incentive to the
Employees and Consultants of the Company and to promote the success of the
Company's business.

        Options granted hereunder may be either Incentive Stock Options or
Nonstatutory Stock Options, at the discretion of the Board and as reflected in
the terms of the written option agreement.

        2. DEFINITIONS. As used herein, the following definitions shall apply:

           (a) "BOARD" shall mean the Board of Directors of the Company.

           (b) "CODE" shall mean the Internal Revenue Code of 1986, as amended.

           (c) "COMMITTEE" shall mean the Committee appointed by the Board in
accordance with paragraph (a) of Section 4 of the Plan, or, if no Committee is
appointed, then the Board.

           (d) "COMMON STOCK" shall mean the Common Stock, $0.001 par value per
share, of the Company.

           (e) "COMPANY" shall mean IntraBiotics Pharmaceuticals, Inc., a
Delaware corporation.

           (f) "CONSULTANT" shall mean any person who is engaged by the Company
or any Parent or Subsidiary to render consulting services, including serving on
the Company's Scientific Advisory Board, and is compensated for such consulting
services, and any director of the Company whether compensated for such services
or not; provided that if and in the event the Company registers any class of any
equity security pursuant to Section 12 of the Exchange Act, the term Consultant
shall thereafter not include directors who are not compensated for their
services or are paid only a director's fee by the Company.

                                       1.
<PAGE>

           (g) "CONTINUOUS STATUS AS AN EMPLOYEE OR CONSULTANT" shall mean the
absence of any interruption or termination of service as an Employee or
Consultant. Continuous Status as an Employee or Consultant shall not be
considered interrupted in the case of sick leave, military leave or any other
leave of absence approved by the Board; provided that such leave is for a period
of not more than 90 days or reemployment upon the expiration of such leave is
guaranteed by contract or statute.

           (h) "DISINTERESTED PERSON" shall mean a director (i) who is not,
during the one year prior to service as an administrator of the Plan pursuant to
Section 4(a), or during such service, granted or awarded equity securities
pursuant to the Plan or any other plan of the Company or any of its affiliates
except as permitted by Rule 16b-3(c)(2)(i)(A)-(D) under the Exchange Act or (ii)
who is otherwise considered to be a "disinterested person" in accordance with
Rule 16b-3(c)(2)(i), or any other applicable rules, regulations or
interpretation of the Securities Exchange Commission. Any such person shall
otherwise comply with the requirements of Rule 16b-3 under the Exchange Act.

           (i) "EMPLOYEE" shall mean any person, including officers and
directors, employed by the Company or any Parent or Subsidiary of the Company.
The payment of a director's fee by the Company shall not be sufficient to
constitute "employment" by the Company.

           (j) "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, as
amended.

           (k) "INCENTIVE STOCK OPTION" shall mean an Option intended to qualify
as an incentive stock option within the meaning of Section 422 of the Code.

           (l) "NONSTATUTORY STOCK OPTION" shall mean an Option not intended to
qualify as an Incentive Stock Option.

           (m) "OPTION" shall mean a stock option granted pursuant to the Plan.

           (n) "OPTIONED STOCK" shall mean the Common Stock subject to an
Option.

           (o) "OPTIONEE" shall mean an Employee or Consultant who receives an
Option.

           (p) "PARENT" shall mean a "parent corporation" whether now or
hereafter existing, as defined in Section 425(e) of the Code.

           (q) "PLAN" shall mean this Amended and Restated 1995 Stock Option
Plan.

           (r) "SHARE" shall mean a share of the Common Stock, as adjusted in
accordance with Section 11 of the Plan.

           (s) "STOCK OPTION AGREEMENTS" shall mean Stock Option Agreements and
Amended and Restated Stock Option Agreements as defined in Section 16 of the
Plan.

                                       2.
<PAGE>

           (t) "SUBSIDIARY" shall mean a "subsidiary corporation" whether now or
hereafter existing, as defined in Section 425(f) of the Code.

        3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section 11 of
the Plan, the maximum aggregate number of Shares which may be optioned and sold
under the Plan is nine million forty-seven thousand one hundred eight
(9,047,108) Shares. The Shares may be authorized, but unissued, or reacquired
Common Stock.

        If an Option should expire or become unexercisable for any reason
without having been exercised in full, the unpurchased Shares which were subject
thereto shall, unless the Plan shall have been terminated, become available for
future grant under the Plan. Notwithstanding any other provision of the Plan,
Shares issued under the Plan and later repurchased by the Company shall not
become available for future grant or sale under the Plan.

        4. ADMINISTRATION OF THE PLAN.

           (a) PROCEDURE. The Plan shall be administered by the Board.

               (i) The Board may appoint a Committee consisting of not less than
two members of the Board to administer the Plan on behalf of the Board, subject
to such terms and conditions as the Board may prescribe. Once appointed, the
Committee shall continue to serve until otherwise directed by the Board. Members
of the Board who are either eligible for Options or have been granted Options
may vote on any matters affecting the administration of the Plan or the grant of
any Options pursuant to the Plan, except that no such member shall act upon the
granting of an Option to himself, but any such member may be counted in
determining the existence of a quorum at any meeting of the Board during which
action is taken with respect to the granting of Options to him.

               (ii) Notwithstanding the foregoing subparagraph (i), if and in
any event the Company registers any class of any equity security pursuant to
Section 12 of the Exchange Act, any grants of Options to officers or directors
shall only be made by the Board, if each member of the Board is a Disinterested
Person; provided, however, if each member of the Board is not a Disinterested
Person, then grants of Options to officers or directors shall only be made by a
Committee of two or more directors, each of whom is a Disinterested Person.

               (iii) Subject to the foregoing subparagraphs (i) and (ii), from
time to time the Board may increase the size of the Committee and appoint
additional members thereof, remove members (with or without cause) and appoint
new members in substitution therefor, fill vacancies however caused, or remove
all members of the Committee and thereafter directly administer the Plan.

           (b) POWERS OF THE COMMITTEE. Subject to the provisions of the Plan,
the Committee shall have the authority, in its discretion: (i) to grant
Incentive Stock Options or Nonstatutory Stock Options; (ii) to determine, upon
review of relevant information and in accordance with Section 8(b) of the Plan,
the fair market value of the Common Stock; (iii) to determine the exercise price
per share of Options to be granted, which exercise price shall be determined in
accordance with Section 8(a) of the Plan; (iv) to determine the Employees or
Consultants to whom, and the time or times at which, Options shall be granted
and the number of

                                       3.
<PAGE>

shares to be represented by each Option; (v) to interpret the Plan; (vi) to
prescribe, amend and rescind rules and regulations relating to the Plan; (vii)
to determine the terms and provisions of each Option granted (which need not be
identical) and, with the consent of the holder thereof, modify or amend each
Option; (viii) to defer (with the consent of the Optionee) the exercise date of
any Option, consistent with the provisions of Section 5 of the Plan; (ix) to
authorize any person to execute on behalf of the Company any instrument required
to effectuate the grant of an Option previously granted by the Board; and (x) to
make all other determinations deemed necessary or advisable for the
administration of the Plan.

           (c) Effect of Committee's Decision. All decisions, determinations and
interpretations of the Committee shall be final and binding on all Optionees and
any other holders of any Options granted under the Plan.

        5. ELIGIBILITY.

           (a) Nonstatutory Stock Options may be granted only to Employees and
Consultants. Incentive Stock Options may be granted only to Employees. An
Employee or Consultant who has been granted an Option may, if he is otherwise
eligible, be granted an additional Option or Options.

           (b) When any Options designated as Incentive Stock Options become
first available for purchase, and when the aggregate of all Incentive Stock
Options granted to an Employee by the Company or any Parent or Subsidiary would
result in Shares having an aggregate fair market value (determined for each
Share as of the date of grant of the Option covering such Share) in excess of
$100,000, then upon exercise of one or more Incentive Stock Options during any
calendar year, any Options in excess of such dollar amount shall be treated for
all purposes as Nonstatutory Stock Options.

           (c) Section 5(b) of the Plan shall apply only to an Incentive Stock
Option evidenced by an "Incentive Stock Option Agreement" which sets forth the
intention of the Company and the Optionee that such Option shall qualify as an
Incentive Stock Option. Section 5(b) of the Plan shall not apply to any Option
evidenced by a "Nonstatutory Stock Option Agreement" which sets forth the
intention of the Company and the Optionee that such Option shall be a
Nonstatutory Stock Option.

           (d) The Plan shall not confer upon any Optionee any right with
respect to continuation of employment or consulting relationship with the
Company, nor shall it interfere in any way with his right or the Company's right
to terminate his employment or consulting relationship at any time, with or
without cause.

        6. TERM OF PLAN. The Plan shall become effective upon the earlier to
occur of its adoption by the Board or its approval by the stockholders of the
Company as described in Section 17 of the Plan. It shall continue in effect for
a term of ten (10) years unless sooner terminated under Section 13 of the Plan.
Termination of the Plan shall not affect the obligations of the Company or the
rights of Optionees pursuant to Options outstanding on the date of termination.

                                       4.

<PAGE>

        7. TERM OF OPTION. The term of each Incentive Stock Option shall be ten
(10) years from the date of grant thereof or such shorter term as may be
provided in the Incentive Stock Option Agreement. The term of each Nonstatutory
Stock Option shall be ten (10) years from the date of grant thereof or such
shorter term as may be provided in the Nonstatutory Stock Option Agreement.
However, in the case of an Incentive Stock Option granted to an Optionee who, at
the time the Option is granted, owns stock representing more than ten percent
(10%) of the voting power of all classes of stock of the Company or any Parent
or Subsidiary, the term of the Option shall be five (5) years from the date of
grant thereof or such shorter term as may be provided in the Incentive Stock
Option Agreement.

        8. EXERCISE PRICE AND CONSIDERATION.

           (a) The per Share exercise price for the Shares to be issued pursuant
to exercise of an Option shall be such price as is determined by the Committee,
but' shall be subject to the following:

               (i) In the case of an Incentive Stock Option

                   (A) granted to an Employee or Consultant who, at the time of
the grant of such Incentive Stock Option, owns stock representing more than ten
percent (10%) of the voting power of all classes of stock of the Company or any
Parent or Subsidiary, the per Share exercise price shall be no less than 110% of
the fair market value per Share on the date of grant.

                   (B) granted to an Employee or Consultant, the per Share
exercise price shall be no less than 100% of the fair market value per Share on
the date of grant.

               (ii) In the case of a Nonstatutory Stock Option

                   (A) granted to an Employee or Consultant who, at the time of
the grant of such Option, owns stock representing more than ten percent (10%) of
the voting power of all classes of stock of the Company or any Parent or
Subsidiary, the per Share exercise price shall be no less than 110% of the fair
market value per Share on the date of the grant.

                   (B) granted to an Employee or Consultant, the per Share
exercise price shall be no less than 85% of the fair market value per Share on
the date of grant.

           (b) The fair market value shall be determined by the Committee in its
discretion; provided, however, that where there is a public market for the
Common Stock, the fair market value per Share shall be the mean of the bid and
asked prices (or the closing price per share if the Common Stock is listed on
the National Association of Securities Dealers Automated Quotation ("NASDAQ")
National Market System) of the Common Stock for the date of grant, as reported
in the Wall Street Journal (or, if not so reported, as otherwise reported by the
NASDAQ System) or, in the event the Common Stock is listed on a stock exchange,
the fair market value per Share shall be the closing price on such exchange on
the date of grant of the Option, as reported in the Wall Street Journal.

                                       5.

<PAGE>

           (c) The consideration to be paid for the Shares to be issued upon
exercise of an Option, including the method of payment, shall be determined by
the Committee and may consist entirely of cash, check or other Shares of Common
Stock which (i) either have been owned by the Optionee for more than six (6)
months on the date of surrender or were not acquired, directly or indirectly,
from the Company, and (ii) have a fair market value on the date of surrender
equal to the aggregate exercise price of the Shares as to which said Option
shall be exercised, or any combination of such methods of payment.

        9. EXERCISE OF OPTION.

           (a) PROCEDURE FOR EXERCISE. Any Option granted hereunder shall be
exercisable at such times and under such conditions as determined by the Board,
including performance criteria with respect to the Company and/or the Optionee,
and as shall be permissible under the terms of the Plan.

               (i) STOCK OPTION AGREEMENT. Each grant of an Option under the
Plan shall be evidenced by a Stock Option Agreement.

               (ii) EXERCISABILITY. The Stock Option Agreement shall specify the
date when all or any installment of the Option is to become exercisable. An
Option shall become exercisable at the rate of at least twenty percent (20%) per
year over five (5) years from the date the Option is granted; provided however,
that an Option granted to an officer, director or consultant (within the meaning
of Section 260.140.41 of Title 10 of the California Code of Regulations) may
become fully exercisable, subject to reasonable conditions such as continued
employment, at any time or during any period established by the Company. Subject
to the preceding sentence, the vesting of any Option shall be determined by the
Committees at its sole discretion.

               (iii) NO FRACTIONAL SHARES. An Option may not be exercised for a
fraction of a Share.

               (iv) EXERCISE. An Option shall be deemed to be exercised when
written notice of such exercise has been given to the Company in accordance with
the terms of the Stock Option Agreement by the person entitled to exercise the
Option and full payment for the Shares with respect to which the Option is
exercised has been received by the Company. Full payment may, as authorized by
the Committee, consist of consideration and method of payment allowable under
Section 8(c) of the Plan.

               (v) NO RIGHTS AS A STOCKHOLDER. Until the issuance (as evidenced
by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company) of the stock certificate evidencing such Shares,
no right to vote or receive dividends or any other rights as a stockholder shall
exist with respect to the Optioned Stock, notwithstanding the exercise of the
Option. The Company shall issue (or cause to be issued) such stock certificate
promptly upon exercise of the Option. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the stock
certificate is issued, except as provided in Section 11 of the Plan.

                                       6.

<PAGE>

           (b) TERMINATION OF STATUS AS AN EMPLOYEE OR CONSULTANT. In the event
of termination of an Optionee's Continuous Status as an Employee or Consultant
(as the case may be), such Optionee may, at any time within thirty (30) days or
such longer period of time, not exceeding three (3) months in the case of an
Incentive Stock Option or six (6) months in the case of a Nonstatutory Stock
Option as determined by the Board (with such determination in the case of a
Incentive Stock Option being made at the time of grant of the Option), after the
date of such termination (but in no event later than the date of expiration of
the term of such Option as set forth in the Stock Option Agreement), exercise
his Option to the extent that he was entitled to exercise it at the date of such
termination. To the extent that he was not entitled to exercise the Option at
the date of such termination, or if he does not exercise such Option (which he
was entitled to exercise) within the time specified herein, the Option shall
terminate.

           (c) DISABILITY OF OPTIONEE. Notwithstanding the provisions of Section
9(b) above, in the event of termination of an Optionee's Continuous Status as an
Employee or Consultant as a result of his disability, he may, at any time within
six (6) months or such longer period of time, not exceeding twelve (12) months
as determined by the Board (with such determination in the case of an Incentive
Stock Option being made at the time of grant of the Option), from the date of
such termination (but in no event later than the date of expiration of the term
of such Option as set forth in the Stock Option Agreement), exercise his Option
to the extent he was entitled to exercise it at the date of such termination. To
the extent that he was not entitled to exercise the Option at the date of
termination, or if he does not exercise such Option' (which he was entitled to
exercise) within the time specified herein, the Option shall terminate.

           (d) DEATH OF OPTIONEE. In the event of the death of an Optionee:

               (i) during the term of an Option held by an Optionee who was, at
the time of his death, an Employee or Consultant of the Company and who shall
have been in Continuous Status as an Employee or Consultant since the date of
grant of the Option, the Option may be exercised, at any time within six (6)
months following the date of death (but in no event later than the date of
expiration of the term of such Option as set forth in the Stock Option
Agreement), by the Optionee's estate or by a person who acquired the right to
exercise the Option by bequest or inheritance, but only to the extent of the
right to exercise that would have accrued had the Optionee continued living and
remained in Continuous Status as an Employee or Consultant six (6) months after
the date of death, subject to the limitation set forth in Section 5(b); or

               (ii) within thirty (30) days or such other period of time, not
exceeding three (3) months as determined by the Board (with such determination
in the case of an Incentive Stock Option being made at the time of grant of the
Option), after the termination of Continuous Status as an Employee or
Consultant, the Option may be exercised, at any time within six (6) months
following the date of death (but in no event later than the date of expiration
of the term of such Option as set forth in the Stock Option Agreement), by the
Optionee's estate or by a person who acquired the right to exercise that had
accrued at the date of termination.

        10. NON-TRANSFERABILITY OF OPTIONS. The Option may not be sold, pledged,
assigned, hypothecated, transferred or disposed of in any manner other than by
will or by the

                                       7.

<PAGE>

laws of descent or distribution and may be exercised, during the lifetime of the
Optionee, only by the Optionee.

        11. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER. Subject to any
required action by the stockholders of the Company, the number of shares of
Common Stock covered by each outstanding Option, and the number of shares of
Common Stock which have been authorized for issuance under the Plan but as to
which no Options have yet been granted or which have been returned to the Plan
upon cancellation or expiration of an Option, as well as the price per share of
Common Stock covered by each such outstanding Option, shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock or similar transaction. Such
adjustment shall be made by the Board, whose determination in that respect shall
be final, binding and conclusive. Except as expressly provided herein, no
issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment
by reason thereof shall be made with respect to, the number or price of shares
of Common Stock subject to an Option.

        In the event of a dissolution or liquidation of the Company, then all
outstanding Options will terminate immediately prior to such event.

        In the event of (i) a sale, lease or other disposition of all or
substantially all of the assets of the Company, (ii) a merger, consolidation or
similar transaction involving (directly or indirectly) the Company and,
immediately after the consummation of such merger, consolidation or similar
transaction, the stockholders of the Company immediately prior thereto do not
own, directly or indirectly, outstanding voting securities representing more
than fifty percent (50%) of the combined outstanding voting power of the
surviving entity (or the parent of the surviving entity) in such merger,
consolidation or similar transaction or (iii) an acquisition by any person,
entity or group within the meaning of Section 13(d) or 14(d) of the Exchange
Act, or any comparable successor provisions (excluding any employee benefit
plan, or related trust, sponsored or maintained by the Company or an affiliate
of the Company) of the beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act, or comparable successor rule) of securities
of the Company representing at least fifty percent (50%) of the combined voting
power of the Company's then outstanding securities other than by virtue of a
merger, consolidation or similar transaction, then any surviving corporation or
acquiring corporation may assume or continue any or all Options outstanding
under the Plan or may substitute similar options for Options outstanding under
the Plan (it being understood that similar options include, but are not limited
to, options to acquire the same consideration paid to the stockholders or the
Company, as the case may be, pursuant to the transaction), and any reacquisition
or repurchase rights held by the Company in respect of Common Stock issued
pursuant to Options may be assigned by the Company to the successor of the
Company (or the successor's parent company), if any, in connection with such
transaction. In the event that any surviving corporation or acquiring
corporation does not assume or continue any or all such outstanding Options or
substitute similar options for such outstanding Options, then with respect to
Options that have been not assumed, continued or substituted and that are held
by Optionees whose Continuous Status as an Employee or Consultant has not
terminated prior to the effective time of the transaction, the vesting of such
Options (and, if applicable, the time at which such

                                       8.

<PAGE>

Options may be exercised) shall (contingent upon the effectiveness of the
transaction) be accelerated in full to a date prior to the effective time of
such transaction as the Board shall determine (or, if the Board shall not
determine such a date, to the date that is five (5) days prior to the effective
time of the transaction), the Options shall terminate if not exercised (if
applicable) at or prior to such effective time, and any reacquisition or
repurchase rights held by the Company with respect to such Options held by
Optionees whose Continuous Status as an Employee or Consultant has not
terminated shall (contingent upon the effectiveness of the transaction) lapse.
With respect to any other Options outstanding under the Plan that have not been
assumed, continued or substituted, the vesting of such Options (and, if
applicable, the time at which such Option may be exercised) shall not be
accelerated, unless otherwise provided in a written agreement between the
Company or any affiliate of the Company and the holder of such Option, and such
Options shall terminate if not exercised (if applicable) prior to the effective
time of the transaction.

        Notwithstanding the vesting schedules set forth in Options outstanding
under the Plan and notwithstanding the preceding paragraph, in the event of a
change in control of the Company described above, (i) Options held by persons
who are then Employees of the Company shall become vested and immediately
exercisable as to one-half (1/2) of the then unvested shares subject to such
Options as of the effective date of the change in control; (ii) the remaining
unvested shares under the Options held by any person who is an Employee and who
holds the title of vice president or higher (an "Executive") shall become fully
vested in the event that such Executive's service with the Company is
involuntarily terminated without Cause (as defined below) or voluntarily
terminated for Good Reason (as defined below), in either case within thirteen
months following the change in control; and (iii) Options held by persons who
are then members of the Board but who are not Employees shall become fully
vested and immediately exercisable as of the effective date of the change in
control.

        For purposes of this Section 11, "Cause" means that, in the reasonable
determination of the Company, the Executive:

               (i) has been indicted or convicted of any felony or any crime
involving dishonesty that is likely to inflict or has inflicted demonstrable and
material injury on the business of the Company;

               (ii) has participated in any fraud against the Company; or

               (iii) has intentionally damaged any property of the Company
thereby causing demonstrable and material injury to the business of the Company;

provided that Cause shall not exist based on conduct described in clause (ii) or
clause (iii) unless the conduct described in such clause has not been cured
within fifteen (15) days following the Executive's receipt of written notice
from the Company specifying the particulars of the conduct constituting Cause.

        For purposes of this Section 11, "Good Reason" means that Executive
voluntarily terminates employment within thirty (30) days after any of the
following is undertaken without the Executive's express written consent:

                                       9.

<PAGE>

               (i) a reduction in the Executive's salary grade;

               (ii) a reduction by the Company in the Executive's base salary by
five percent (5%) or more; provided, however, that a reduction by the Company of
the Executive's base salary by up to ten percent (10%) shall not constitute Good
Reason for purposes of this Plan if it is made in connection with an
across-the-board reduction by the Company of all Executives' annual base
salaries by a percentage at least equal to the percentage by which the
Executive's base salary is reduced; or

               (iii) a relocation of the Executive's business office to a
location more than fifty (50) miles from the location at which the Executive
performs duties as of the effective date of the change in control, except for
required travel by the Executive on the Company's business to an extent
substantially consistent with the Executive's business travel obligations prior
to the effective date of the change in control; provided, however, that no
relocation of the Executive's business office shall constitute Good Reason for
purposes of this Plan if the Executive provides services to the Company from a
remote location (e.g., through telecommuting) at the time of the relocation.

        12. TIME OF GRANTING OPTIONS. The date of grant of an Option shall, for
all purposes, be the date on which the Committee makes the determination
granting such Option. Notice of the determination shall be given to each
Employee or Consultant to whom an Option is so granted within a reasonable time
after the date of such grant.

        13. AMENDMENT, SUSPENSION AND TERMINATION OF THE PLAN.

           (a) AMENDMENT AND TERMINATION. The Board may amend, suspend or
terminate the Plan at any time in such respects as the Board may deem advisable;
provided that the following revisions or amendments shall require approval of
the stockholders of the Company in the manner described in Section 17 of the
Plan:

               (i) any increase in the number of Shares subject to the Plan,
other than in connection with an adjustment under Section 11 of the Plan;

               (ii) any change in the designation of the class of persons
eligible to be granted options; or

               (iii) if the Company has a class of equity securities registered
under Section 12 of the Exchange Act at the time of such revision or amendment,
any material increase in the benefits accruing to participants under the Plan.

           (b) STOCKHOLDER APPROVAL. If any amendment requiring stockholder
approval under Section 13(a) of the Plan is made subsequent to the first
registration of any class of equity securities by the Company under Section 12
of the Exchange Act, such stockholder approval shall be solicited as described
in Section 17 of the Plan.

           (c) EFFECT OF AMENDMENT, SUSPENSION OR TERMINATION. Any such
amendment, suspension or termination of the Plan shall not affect Options
already granted and such Options shall remain in full force and effect as if
this Plan had not been amended,

                                      10.

<PAGE>

suspended or terminated, unless mutually agreed otherwise between the Optionee
and the Committee, which agreement must be in writing and signed by the Optionee
and the Company.

        14. CONDITIONS UPON ISSUANCE OF SHARES. Shares shall not be issued
pursuant to the exercise of an Option unless the exercise of such Option and the
issuance and delivery of such Shares pursuant thereto shall comply with all
relevant provisions of law, including, without limitation, the Securities Act of
1933, as amended, the Exchange Act, the rules and regulations promulgated
thereunder, and the requirements of any stock exchange upon which the Shares may
then be listed, and shall be further subject to the approval of counsel for the
Company with respect to such compliance.

        Any Shares issued upon exercise of an Option shall be subject to such
rights of repurchase, rights of first refusal and other transfer restrictions as
the Committee may determine. Such restrictions shall be set forth in the
applicable Stock Option Agreement and shall apply in addition to any
restrictions that may apply to holders of Shares generally.

        As a condition to the exercise of an Option, the Company may require the
person exercising such Option to represent and warrant at the time of any such
exercise that the Shares are being purchased only for investment and without any
present intention to sell or distribute such Shares if, in the opinion of
counsel for the Company, such a representation is required by any of the
aforementioned relevant provisions of law.

        15. RESERVATION OF SHARES. The Company, during the term of this Plan,
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

        The inability of the Company to obtain authority from any regulatory
body having jurisdiction, which authority is deemed by the Company's counsel to
be necessary to the lawful issuance and sale of any Shares hereunder, shall
relieve the Company of any liability in respect of the failure to issue or sell
such Shares as to which such requisite authority shall not have been obtained.

        16. STOCK OPTION AGREEMENTS. All Options shall be evidenced by written
Stock Option Agreements or Amended and Restated Stock Option Agreements in such
form as the Committee shall approve. The provisions of the various Stock Option
Agreements need not be identified.

        17. STOCKHOLDER APPROVAL.

           (a) Continuance of the Plan shall be subject to approval by the
stockholders of the Company within twelve (12) months after the date the Plan is
adopted. Any Option exercised before stockholder approval is obtained shall be
rescinded if stockholder approval is not obtained within twelve (12) months
after the plan is adopted. Such Shares shall not be counted in determining
whether such approval is obtained.

           (b) If and in the event that the Company registers any class of
equity securities pursuant to Section 12 of the Exchange Act, any required
approval of the stockholders

                                      11.

<PAGE>

of the Company obtained after such registration shall be solicited substantially
in accordance with Section 14(a) of the Exchange Act and the rules and
regulations promulgated thereunder.

           (c) If any required approval by the stockholders of the Plan itself
or of any amendment thereto is solicited at any time otherwise than as described
in Section 17(b) hereof, then the Company shall, at or prior to the first annual
meeting of stockholders held subsequent to the later of (1) the first
registration of any class of equity securities of the Company under Section 12
of the Exchange Act or (2) the granting of an Option hereunder to an officer or
director after such registration, do the following:

               (i) furnish in writing to the stockholders entitled to vote for
the Plan substantially the same information which would be required (if proxies
to be voted with respect to approval or disapproval of the Plan or amendment
were then being solicited) by the rules and regulations in effect under Section
14(a) of the Exchange Act at the time such information is furnished; and

               (ii) file with, or marl for filing to, the Securities and
Exchange Commission four (4) copies of the written information referred to in
subsection (i) hereof not later than the date on which such information is first
sent or given to stockholders.

        18. INFORMATION TO OPTIONEES. The Company shall provide to each
Optionee, during the period for which such Optionee has one or more Options
outstanding, financial statements at least annually and copies of all annual
reports and other information which are provided to all stockholders of the
Company. The Company shall not be required to provide such information if the
issuance of Options under the Plan is limited to key employees whose duties in
connection with the Company assure their access to equivalent information.

                                      12.

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