Document:

US DATA AUTHORITY, INC.

                              EMPLOYMENT AGREEMENT

         AGREEMENT,  made as of March 2", 2000 by and between US DATA AUTHORITY,
 INC., a Florida corporation hereinafter referred to as the Company", having its
 principal place of business at 2234 North Federal Highway,  Boca Raton, Florida
 33431,  arid  DOMNICK F.  MAGGIO,  hereinafter  referred to as the  "Employee',
 currently residing at 1400 NW 9th Avenue, Unit 21, Boca Raton, Florida 33486.

 BACKGROUND INFORMATION

         The Company  wishes to secure the  employment  services of the Employee
 for a  definite  period of time and upon the  particular  terms and  conditions
 hereinafter  set  forth.  The  Employee  is  willing  to  be so  employed,  but
 understands  that  financial  compensation  may be  delayed.  Accordingly,  the
 parties agree as foIlows,

 OPERATIVE PROVISIONS

 EMPLOYMENT AND TERM

 The Company hereby employs Employee and the latter hereby accepts employment by
 the Company for the two-year period commencing March 2, 2000 (the "Commencement
 Date") and expiring March 2, 2002.  This  Employment  Agreement will be renewed
 for a two (2) year term on the third  anniversary of the  Commencement  Date if
 both  parties are in  agreement  After the initial two (2) year  renewal  term,
 providing  notice of intent to terminate  has not been given by either party as
 provided  herein  below this  employment  shall be  automatically  extended for
 unlimited  successive  lone year  periods  unless it is  terminated  during the
 duration of any such period,  whether initial or extended, by the occurrence of
 one of the events  described  in Section 8.  Hereof,  or at the end of any such
 period  (subject  to  extension  by  operation  of  the  disability  provisions
 contained in Section 8.) by one party furnishing the other with written notice,
 at least 90 days  prior to the  expiration  of such  period,  of an  intent  to
 terminate this agreement upon the expiration of such period.

<PAGE>

 I.     DUTIES AND PLACE OF PERFORMANCE.

 A. Duties.  During the  term of this  agreement,  whether  initial or extended,
the Employee shall render to the Company services as Interim President reporting
directly to the Board of Directors  and  Executive  Committee  and shall perform
such duties as may be designated by him and as set forth in Exhibit 'A' attached
and incorporated herein.

 Employee will be asked to undertake a reasonable  amount of travel on behalf of
 the Company.  However,  this should not be excessive.  During such period,  the
 Employee  shall devote his fall  atterition,  time and energies to the business
 and  affairs of the  Company,  and will use his best  efforts  to  promote  the
 interests and reputation of the Company.

 B. Place of Performance.  In connection with his employment by the Company, the
 Employee shall be based at the Company's  principal  executive  offices in Boca
 Raton,  Florida  unless the Board of  Directors  deem it  necessary to move the
 corporate  headquarters,  or the  control of the Company is sold and new owners
 direct a move  outside the Boca  Raton-Fort  Lauderdale  Area at which time the
 Employee may elect at his sole  discretion to terminate  this  Agreement If the
 Employee  elects to move with the Company,  the Company  will  promptly pay (or
 reimburse  the Employee for) all  reasonable  moving  expenses  incurred by the
 Employee relating to a change in his principal residence in connection with any
 such location of the Company's principal executive offices,  and will indemnify
 the Employee  against any loss realized in the sale of his principal  residence
 in connection with any change of residence.

 II.   COMPENSATION

 A. Deferred Base  Compensation.  When Company is fully funded, for the services
 to be rendered by the Employee under this agreement, the Company shall pay him,
 while he is rendering such services and performing  his duties  hereunder,  and
 the Employee shall accept as full payment for such service, a base compensation
 of  $125,000  per year for the  first  year  following  the  Commencement  Date
 (inclusive  of any  amounts  subject  to federal  or state  employment  related
 withholding requirements). This amount shall be deferred until such time as the
 Company has equity investment.  At such time,  compensation shall be payable in
 arrears in equal  installments on the last business day of each month occurring
 during the period of employment,  on a weekly basis or otherwise as the parties
 may agree. After the initial year of employment,  the Board of Directors of the
 Company  may  adjust  the  Employees  base  Wary (but not  below  $125,000)  in
 accordance with sound business practices.

 D.  Incentive  Bonus  Additionally,  Employee  will be entitled to an incentive
 bonus  based on his  performance  and that of the  corporation  pursuant  to an
 incentive  bonus on one percent (I %) of the Company's  Profit before EBITDA as
 shown in the following formula:

 First  $5 million in sales - $ 50,000
   Second $5 million in sales - $ 50,000
     Third    $5 million in sales - $ 50,000
       Fourth S5 million in sales - $ 50,000

 This  incentive  bonus  will be paid in  cash or the  company's  stock,  at the
 Employees sole  discretion.  If the Employee  chooses to be paid in stock,  the
 amount of stock issued will be based an 80% of the market (average bid (asked))
 price on the day the Employee exercises his option to be paid in stock. As long
 as the  Employee  is an  employee  of the  Company  there will be no time limit
 restriction  on the  Employee  exercising  this  stock  option  except  for the
 Employee having already received the cash bonus. If the company  terminates the
 Employee for any reason other than cause,  and the Company has reached at least
 50% of the first  plateau in sales,  the Employee will be given a prorata share
 of bonus on termination.

 C. Sign on Bonus. On execution of this  Employment  Agreement the Employee will
 receive  shares equaling no less than 4.444  percent (%) of US DATA  AUTHORITY,
 INC. restricted NON DILUTABLE common stock.

 D.  Business  Expenses  The  Employee  will be  reimbursed  for all  reasonable
 business  expenses as  documented  and  approved by the  President  that may be
 incurred in carrying out his duties on behalf of the Company, including but not
 limited to membership dues of professional associations, attendance at seminars
 and conventions, continuing education and profession subscription.

 III.    VACATION; FRINGE BENEFITS.

 The Employee shall be entitled to three (3) weeks of fully paid vacation during
 the initial and each  extended of this  agreement.  He shall not be entitled to
 receive monetary or other valuable  consideration for vacation time to which he
 is entitled but does not take.  The timing of vacation  periods shall be within
 the discretion of the Company,  reasonably exercised so as not to unnecessarily
 inconvenience the Employee.
<PAGE>

 During  his period of  employment  hereunder,  the  Employee  shall  further be
 entitled to such leave by reason of physical or mental disability or incapacity
 and to such  participation  in medical and life  insurance,  pension  benefits,
 disability  and other fringe  benefit  plans as the Company may make  generally
 available to all of its executive level  employees from time to time;  subject,
 however,  as to such plans, to such budgetary  constraints or other limitations
 as may be imposed by the Board of Directors of the Company from time to time.

 IV.     PROPRIETARY INTERESTS.

         During  of after  the  expiration  of his term of  employment  with the
 Company,  the  Employee  shall not  communicate  or divulge  to, or use for the
 benefit of, any individual,  association,  partnership,  trust,  corporation or
 other entity except the Company,  any  proprietary  information  of the Company
 received by the Employee by virtue of such  employment  without  first being in
 receipt of the Company's written consent to do so.

 V.      RESTRICTIVE COVENANT.

 During  the  term of his  employment  hereunder  and for  the two  year  period
 following  the  termination  thereof  for any reason  other than the  Company's
 discontinuance of activities;  an adjudication of the Company's material breach
 of  any  of  its  obligations  set  forth  in  Sections  1-4,  inclusive;  or a
 termination of the Employee by the Company under the provisions of subparagraph
 d. (2) of  Section  8  herein  below,  the  Employee  shall  not,  directly  or
 indirectly,  engage in or become an owner of,  render any service to, enter the
 employment of, or represent or solicit for any business which competes with any
 activity of the Company  conducted at any time during the Employee's  period of
 employment  and which is located  in any  country  in which the  Company  shall
 maintain any sales, marketing or manufacturing  activity. The parties expressly
 agree that the duration and geographical area of this restrictive  covenant are
 reasonable.

 This  covenant  shall be  construed as an  agreement  independent  of any other
 provision  herein,  and the  existence  of any  claim or cause of action of the
 Employee against the Company regardless of how arising,  shall not constitute a
 defense to the  enforcement by the company of its terms.  If any portion of the
 covenant is held by a court of law to be  unenforceable  with respect either to
 its duration or geographical  area, for whatever reason, it shall be considered
 divisible  both as to time and  geographical  areas,  so that each month of the
 specified  period shall be deemed a separate  period of time and each country a
 separate  geographical  area,  resulting  in an intended  requirement  that the
 longest lesser period of time or largest lesser geographical area found by such
 court to be a reasonable  restriction  shall  remain an  effective  restrictive
 covenant, specifically enforceable against the Employee.

 VI. REMEDIES FOR BREACH OF EMPLOYEE'S OBLIGATIONS.

 The  parties  agree  that  the  services  of the  Employee  are of a  personal,
 specific,  unique and extraordinary character and cannot be readily replaced by
 the Company.  They further agree that in the course of performing his services,
 the Employee will have access to various types of  proprietary  information  of
 the Company,  which,  if released to others or used by the Employee  other than
 for the benefit of the Company,  in either case without the Company's  consent,
 could  cause  the  Company  to  suffer  irreparable  injury.   Therefore,   the
 obligations of the Employee  established under Sections 5 and 6 hereof shall be
 enforceable  both at law and in equity,  by injunction,  specific  performance,
 damages or other remedy; and the right of the Company to obtain any such remedy
 shall be cumulative and not  alternative  and shall not be exhausted by any one
 or more uses thereof.

 VII. MODIFICATION AND TERMINATION.

 A.  Modification. This  Agreement  may  be  amended  or  modified only with the
mutual written  consent of the parties,  and in its present form consists of the
entire agreement between the parties.

 B.  Termination - General.  This  Agreement is subject to termination by either
 party  prior to the  expiration  of its  initial  or any  extended  term,  upon
 delivery to the other party of written notice of such  intention,  which notice
 shall be deemed to result in termination in 90 days if given by the company and
 30 days if given by Employee after its receipt, The Company will have the right
 following  such receipt of  termination  to accelerate  the  effective  date of
 termination but retaining the obligation to pay Employee his  compensation  due
 for the full 90 days if  terminated  by the Company or 30 days if terminated by
 the Employee.

     If terminated by the Company Employee will be paid severance pay equivalent
 to one (1) month of his base  salary  for each two (2)  months  worked  for the
 Company  with a maximum  severance  of twelve (12) months and a minimum of six.
 (6) months.  Severance pay will be given if employee is terminated  for reasons
 other than cause; as set forth below,  and/or if them is a change in control in
 the  ownership  of the  Company,  and as a result of such change of  ownership,

<PAGE>

 Employee is terminated by the Company.  If not terminated  during such a change
 of ownership,  Employee would still be eligible for severance pay if his salary
 is materially  reduced or adversely  affected at any time within six (6) months
 following such change in ownership his title, duties and  responsibilities  are
 materially  diminished  during  such  six (6)  month  period  or the  corporate
 headquarters  is moved outside the Tampa Bay Area and he elects to terminate as
 set forth in Section 2(b).

 C. By Death  or  Disability  In the  event of the  Employee's  death,  his base
 compensation  otherwise  due  for  the  succeeding  two  full  calendar  months
 following  his  death  shall be paid to his  Beneficiary.  In the  event of his
 disability,  for the  period  ending  on the  last  business  day of the  third
 calendar mouth following the occurrence of such disability,  the Employee shall
 be paid his base  compensation  (reduced by any amount received by the Employee
 under the terms of any disability insurance policy maintained by the Company at
 its sole expense);  thereafter, for the succeeding three month period, he shall
 be paid 50% of such compensation (similarly reduced); and thereafter,  until he
 either  returns  to  full-time  active  service or is  terminated,  he shall be
 treated as being on an authorized but unpaid leave of absence.

 D. For Cause.

 If, in the judgment of the Company's Board of Directors, reasonably  exercised,
 such termination's is due to

 (i)     the Employee's willful misconduct or gross negligence;

 (ii)    his conscious disregard of his obligations hereunder or of any
         other duties reasonably assigned his by the Company;
 (iii)   His repeated conscious violation of any provision of the

Company's by laws or of its other stated policies, standards or regulations;

 (iv)   his commission of any act involving moral turpitude or

 (v) a  determination  that he has  demonstrated a dependence upon any addictive
 substance, including alcohol, controlled substances, narcotics or barbiturates;
 then,  upon  termination,  he shall be entitled to receive  severance pay in an
 amount equal to 2% of his annul base compensation.

 As a condition precedent to the Company's right to terminate this Agreement for
 one of the causes specified in the preceding sentence which requires a repeated
 action or omission by the Employee  (clauses (i), (ii) and (iii)),  there shall
 have been created by the Company and furnished to the  Employee,  within the 60
 day period immediately  following Commission of the proscribed act or omission,
 a written  description  thereof and a statement  advising  his that the Company
 views such  conduct as being of the type which could lead to a  termination  of
 this  Agreement  under the  provisions  of this  Section (d).  Further,  if the
 Company seeks to terminate this Agreement on the basis of clause (iii), it must
 be able to demonstrate  that the Employee has been furnished with a copy of the
 by-law provision, or of the policy,  standard or regulation,  which he is being
 accused of having  violated,  at a time prior to the alleged  commission of the
 violation.

 If such  termination  is for a cause  (the  nature of which may be  arbitrarily
 determined)  other than as specified  in  subparagraph  (1) above,  he shall be
 entitled to receive an amount equal to 4% of his annual base compensation.

 E. Payment of  Termination  Compensation:  Continued  Effectiveness  of Certain
 Obligations.  Any  compensation  due the Employee as a result of the  premature
 termination of his employment  status shall be paid to his upon  termination as
 one  lump  sum.  No  termination  or  expiration  of  this  agreement,  whether
 consummated by action of either party or by operation of the terms hereof shall
 relieve  the  Employee  from  his  continued  performance  of  the  obligations
 established under Sections 5.and 6.hereof.

 F. Life and Disability Insurance Coverage.  If termination of this Agreement is
 due to any reason other than death, the Employee shall have the right,  subject
 to  receiving  approval  of  the  Company  (which  shall  not  be  unreasonably
 withheld),  to purchase any policy of insurance on his life or insuring against
 his disability which is owned by the Company, the exercise of which right shall
 be made by notice  furnished to the Company  within 30 days  subsequent  to the
 date of termination.  The purchase price of each policy of life insurance shall
 be the sum of its  interpolated  terminal  reserve  value  (computed  as of the
 closing date) and the  proportional  part of the gross premium last paid before
 the closing date which covers any period  extending beyond that date; or if the
 policy to be purchased shall not have been in force for a period  sufficient to
 generate an interpolated  terminal  reserve value, the price shall be an amount
 equal to all net premiums  paid as of the closing date.  The purchase  price of
 each  disability  income  policy  shall  be the sum of its cash  value  and the
 proportional part of the gross premium last paid before the closing date, which
 covers any period  extending  beyond that date.  The purchase of any  insurance
 policy by the Employee shall be closed as promptly as may be practicable  after
 the giving of notice, in no event to exceed 30 days therefrom.

 G. INDEBTEDNESS OF EMPLOYEE. If, during the course of his employment,  Employee
 becomes  indebted to the Company for any reason,  the Company  shall,  if it so

<PAGE>

 elects,  have the  right to  set-off  and to  collect  any sums due it from the
 Employee  out of any  amounts  which  it may  owe to the  Employee  for  unpaid
 compensation,  In the event that this Agreement  terminates for any reason, all
 sums owed by the  Employee  to the Company  shall  become  immediately  due and
 payable.

 H. MISCELLANEOUS PROVISIONS.

     (i)  Nonasssignability.  Neither this  agreement  nor any right or interest
 hereunder  shall be assignable by the Employee,  his  Beneficiary  of his legal
 representatives except as otherwise expressly provided herein.

     (ii)  Enforceability:  If any term or condition or this agreement  shall be
 invalid  or  unenforceable  to any  extent  or in  any  application,  then  the
 remainder of this agreement,  and such term or condition  except to such extent
 or in such  application,  shall not be valid and enforced to the fullest extent
 and in the broadest application permitted by law.

     (iii) Notice: All notices or other communications  required or permitted to
 be  furnished  pursuant  to this  agreement  shall be in  writing  and shall be
 considered  as properly  furnished  if hand  delivered,  mailed from within the
 United States by certified or registered  mail, or sent by prepaid  telegram to
 the recipient party at the address  appearing in the preamble to this agreement
 or to such other  address as any such party may have  designated by like notice
 forwarded to the other party hereto.  Change of address notices shall be deemed
 furnished  when  received.  All other  notices shall be deemed  furnished  when
 mailed, telegraphed or hand delivered.

     (iv)  Application of Florida Law: This  agreement,  and the  application or
 interpretation  thereof,  shall be governed exclusively by its terms and by the
 laws of the State of  Florida.  Venue  shall be deemed  located  in Palm  Beach
 County, Florida.

     (v)  Counterparts:  This  agreement  may  be  executed  by  any  number  of
 counterparts,  each of which  shall be  deemed  an  original,  but all of which
 together shall constitute one and the same instrument.

     (vi) Binding Effect: Each of the provisions and agreements herein contained
 shall be binding upon and enure to the benefit of the personal representatives,
 devisees, heirs, successors,  transferees and assigns of the respective parties
 hereto.

     (vii) Beneficiary:  As used herein,  the term "Beneficiary"  shall mean the
 person or persons (who may be designated  contingently or successively  and who
 may be an entity  other than an  individual,  including  including an estate or
 trust)  designated  on a written form  prescribed  by the Board of Directors to
 receive the expiration of agreement or death  benefits  described in Section 8.
 above. Each Beneficiary designation shall be effective only when filed with the
 secretary  of the Company  during the  Employee's  lifetime.  Each  Beneficiary
 designation filed with the Secretary will cancel all designations previously so
 filed.

<PAGE>

 If the Employee fails to properly designate a Beneficiary or if the Beneficiary
 predeceases  the Employee or dies before  complete  distribution of the benefit
 has been made, the Company shall distribute the benefit (or balance thereof) to
 the  surviving  spouse  of  the  Employee  or if he be  then  deceased  to  the
 Employee's estate.

 IN WITNESS WHEREOF, the parties herein have hereunto executed this Agreement on
 this, the 2nd day of March 2000.

 Attest:                                       US DATA AUTHORITY, INC.

 By:  ________________________________         By:  ____________________________
                                                    Alan Weiss
                                                    President

  Witnesses:                                   EMPLOYEE

  ____________________________________         By:  ____________________________
                                                    Dominick F. MaggioSUNVEST RESORTS, INC.

                            2000 STOCK INCENTIVE PLAN

1. Purpose The purpose of this 2000 Stock Incentive Plan (the "Plan") of SunVest
Resorts,  Inc.,  a  Florida  corporation  (the  "Company"),  is to  advance  the
interests of the Company's  shareholders  by enhancing the Company's  ability to
attract,  retain  and  motivate  persons  who  make  (or are  expected  to make)
important  contributions  to the Company by  providing  such persons with equity
ownership  opportunities  and  performance-based  incentives  and thereby better
aligning the interests of such persons with those of the Company's shareholders.
Except where the context  otherwise  requires,  the term "Company" shall include
any of the Company's  present or future subsidiary  corporations,  as defined in
Section  424(f)  of the  Internal  Revenue  Code of 1986,  as  amended,  and any
regulations promulgated thereunder (the "Code").

2.       Eligibility

         All of the Company's employees,  officers,  directors,  consultants and
advisors (and any  individuals  who have accepted an offer for  employment)  are
eligible to be granted options,  restricted stock awards,  or other  stock-based
awards (each,  an "Award")  under the Plan.  Each person who has been granted an
Award under the Plan shall be deemed a "Participant".

3.       Administration, Delegation

         (a) Administration by Board of Directors. The Plan will be administered
by the Board of  Directors of the Company  (the  "Board").  The Board shall have
authority  to grant  Awards and to adopt,  amend and repeal such  administrative
rules, guidelines and practices relating to the Plan as it shall deem advisable.
The Board  may  correct  any  defect,  supply  any  omission  or  reconcile  any
inconsistency  in the Plan or any Award in the manner and to the extent it shall
deem  expedient to carry the Plan into effect and it shall be the sole and final
judge  of such  expediency.  All  decisions  by the  Board  shall be made in the
Board's sole  discretion and shall be final and binding on all persons having or
claiming any interest in the Plan or in any Award.  No director or person acting
pursuant to the authority  delegated by the Board shall be liable for any action
or determination relating to or under the Plan made in good faith.

         (b) Delegation to Compensation  Committee.  To the extent  permitted by
applicable  law,  the Board may  delegate to the  Compensation  Committee of the
Board the power to make Awards and exercise  such other powers under the Plan as
the Board may  determine.  All  references in the Plan to the "Board" shall mean
the Board or the  Compensation  Committee  of the Board to the  extent  that the
Board's  powers  or  authority  under  the  Plan  have  been  delegated  to such
Committee.

                                      -1-
<PAGE>
4.       Stock Available for Awards

         (a) Number of Shares. Subject to adjustment under Section 8, Awards may
be made under the Plan for up to  2,000,000  shares of common  stock,  $0.02 par
value per share, of the Company (the "Common Stock"). If any Award expires or is
terminated,  surrendered or canceled  without having been fully  exercised or is
forfeited in whole or in part or results in any Common  Stock not being  issued,
the unused  Common Stock  covered by such Award shall again be available for the
grant of Awards under the Plan, subject, however, in the case of Incentive Stock
Options (as  hereinafter  defined),  to any limitation  required under the Code.
Shares issued under the Plan may consist in whole or in part of  authorized  but
unissued shares or treasury shares.

         (b) Per-Participant Limit. The maximum number of shares of Common Stock
with respect to which an Award may be granted to any Participant  under the Plan
in any calendar year shall be limited as provided in Section 162(m) of the Code.

5.       Stock Options

         (a)  General.  The Board may grant  options to  purchase  Common  Stock
(each,  an "Option")  and  determine  the number of shares of Common Stock to be
covered by each Option, the exercise price of each Option and the conditions and
limitations  applicable  to the  exercise of each Option,  including  conditions
relating  to  applicable  federal  or state  securities  laws,  as it  considers
necessary or advisable. An Option which is not intended to be an Incentive Stock
Option (as  hereinafter  defined)  shall be  designated  a  "Nonstatutory  Stock
Option".

         (b) Incentive Stock Options.  An Option that the Board intends to be an
"incentive  stock  option" as defined in Section 422 of the Code (an  "Incentive
Stock  Option")  shall only be granted to  employees of the Company and shall be
subject to and shall be construed  consistently with the requirements of Section
422 of the Code.  The Company shall have no liability to a  Participant,  or any
other  party,  if an Option (or any part  thereof)  which is  intended  to be an
Incentive Stock Option is not an Incentive Stock Option.

         (c)      Exercise  Price.  The  Board  shall  establish  the  exercise
price at the time each Option is granted and specify it in the applicable option
agreement.

         (d) Duration of Options. Each Option shall be exercisable at such times
and  subject  to such  terms and  conditions  as the Board  may  specify  in the
applicable option agreement.

         (e)  Exercise of Option.  Options may be  exercised  by delivery to the
Company of a written  notice of exercise  signed by the proper  person or by any
other  form of  notice  (including  electronic  notice)  approved  by the  Board
together  with  payment in full as  specified  in Section 5(f) for the number of
shares for which the Option is exercised.

                                      -2-
<PAGE>

         (f)  Payment Upon Exercise. Common Stock purchased upon the exercise of
an Option granted under the Plan shall be paid for as follows:

                  (1) in cash or by check, payable to the order of the Company;

                  (2) except as the Board may, in its sole discretion, otherwise
provide  in  an  option  agreement,  by  (i)  delivery  of  an  irrevocable  and
unconditional  undertaking by a creditworthy  broker to deliver  promptly to the
Company  sufficient  funds to pay the  exercise  price or (ii)  delivery  by the
Participant  to  the  Company  of  a  copy  of  irrevocable  and   unconditional
instructions to a creditworthy broker to deliver promptly to the Company cash or
a check sufficient to pay the exercise price;

                  (3) by  delivery  of  shares  of  Common  Stock  owned  by the
Participant  valued at their fair market value as  determined by (or in a manner
approved by) the Board in good faith ("Fair Market  Value"),  which Common Stock
was owned by the Participant at least six months prior to such delivery;

                  (4)  to  the  extent  permitted  by the  Board,  in  its  sole
discretion  by (i)  delivery  of a  promissory  note of the  Participant  to the
Company on terms  determined by the Board,  or (ii) payment of such other lawful
consideration as the Board may determine; or

                  (5)  by  any  combination  of  the  above  permitted  forms of
payment.

6.       Restricted Stock

        (a) Grants. The Board may grant Awards entitling  recipients to acquire
shares of Common Stock, subject to the right of the Company to repurchase all or
part of such shares at their issue price or other stated or formula price (or to
require  forfeiture  of such shares if issued at no cost) from the  recipient in
the event that conditions specified by the Board in the applicable Award are not
satisfied  prior to the end of the  applicable  restriction  period  or  periods
established by the Board for such Award (each, a "Restricted Stock Award").

         (b)  Terms and  Conditions.  The Board  shall  determine  the terms and
conditions of any such  Restricted  Stock Award,  including the  conditions  for
repurchase (or forfeiture)  and the issue price, if any. Any stock  certificates
issued in respect of a Restricted Stock Award shall be registered in the name of
the Participant and, unless otherwise determined by the Board,  deposited by the
Participant, together with a stock power endorsed in blank, with the Company (or
its  designee).  At the expiration of the applicable  restriction  periods,  the
Company (or such designee)  shall deliver the  certificates no longer subject to
such  restrictions  to the  Participant or if the  Participant  has died, to the
beneficiary designated, in a manner determined by the Board, by a Participant to
receive  amounts due or exercise  rights of the  Participant in the event of the
Participant's  death  (the  "Designated  Beneficiary").  In  the  absence  of an
effective  designation by a Participant,  Designated  Beneficiary shall mean the
Participant's estate.

                                      -3-
<PAGE>

7.       Other Stock-Based Awards

         The Board  shall have the right to grant  other  Awards  based upon the
Common  Stock  having  such  terms and  conditions  as the Board may  determine,
including  the grant of  shares  based  upon  certain  conditions,  the grant of
securities  convertible  into Common  Stock and the grant of stock  appreciation
rights.

8.       Adjustments for Changes in Common Stock and Certain Other Events

         (a) Changes in Capitalization. In the event of any stock split, reverse
stock  split,   stock   dividend,   recapitalization,   combination  of  shares,
reclassification  of shares,  spin-off or other similar change in capitalization
or event,  or any  distribution  to holders of Common  Stock other than a normal
cash dividend, (i) the number and class of securities available under this Plan,
(ii) the  per-Participant  limit set forth in Section 4(b), (iii) the number and
class of securities  and exercise  price per share  subject to each  outstanding
Option,  (iv)  the  repurchase  price  per  share  subject  to each  outstanding
Restricted Stock Award, and (v) the terms of each other  outstanding Award shall
be appropriately  adjusted by the Company (or substituted Awards may be made, if
applicable) to the extent the Board shall determine, in good faith, that such an
adjustment (or substitution) is necessary and appropriate.  If this Section 8(a)
applies  and  Section  8(c) also  applies  to any event,  Section  8(c) shall be
applicable to such event, and this Section 8(a) shall not be applicable.

         (b) Liquidation or Dissolution.  In the event of a proposed liquidation
or  dissolution  of the  Company,  the Board  shall upon  written  notice to the
Participants   provide  that  all  then  unexercised  Options  will  (i)  become
exercisable  in full as of a specified  time at least 10 business  days prior to
the  effective  date of such  liquidation  or  dissolution  and  (ii)  terminate
effective upon such  liquidation or dissolution,  except to the extent exercised
before such effective date. The Board may specify the effect of a liquidation or
dissolution on any Restricted  Stock Award or other Award granted under the Plan
at the time of the grant of such Award.

         (c)      Acquisition and Change in Control Events

                  (1)  Definitions

                       (a)      An "Acquisition Event" shall mean:

                           (i)   any  merger  or  consolidation  of the  Company
with or into  another  entity as a result of which the Common Stock is converted
into or exchanged for the right to receive cash,  securities or other  property;
or

                                      -4-
<PAGE>
                           (ii)  any exchange of shares of the Company for cash,
securities or other property pursuant to a statutory share exchange transaction.

                       (b)      A "Change in Control Event" shall mean:

                           (i)   any  merger  or consolidation  which results in
the voting  securities  of the Company  outstanding  immediately  prior  thereto
representing immediately thereafter (either by remaining outstanding or by being
converted into voting securities of the surviving or acquiring entity) less than
50% of the combined voting power of the voting securities of the Company or such
surviving  or  acquiring  entity  outstanding  immediately  after such merger or
consolidation;

                           (ii)  the  acquisition  by  an  individual, entity or
group  (within the meaning of Section  13(d)(3) or 14(d)(2) of the Exchange Act)
(a "Person")  of  beneficial  ownership of any capital  stock of the Company if,
after such  acquisition,  such Person  beneficially  owns (within the meaning of
Rule 13d-3  promulgated  under the  Exchange  Act) 50% or more of either (A) the
then-outstanding shares of Common Stock of the Company (the "Outstanding Company
Common Stock") or (B) the combined voting power of the  then-outstanding  voting
securities  of the  Company  entitled  to  vote  generally  in the  election  of
directors (the "Outstanding Company Voting Securities"); provided, however, that
for purposes of this  subsection  (ii),  the  following  acquisitions  shall not
constitute a Change in Control  Event:  (A) any  acquisition  directly  from the
Company, (B) any acquisition by the Company, (C) any acquisition by any employee
benefit plan (or related  trust)  sponsored or  maintained by the Company or any
corporation controlled by the Company, or (D) any acquisition by any corporation
pursuant  to a  transaction  which  results in all or  substantially  all of the
individuals  and  entities  who were the  beneficial  owners of the  Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior
to such transaction  beneficially own, directly or indirectly,  more than 50% of
the then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of
directors,  respectively,  of the  resulting  or acquiring  corporation  in such
transaction (which shall include,  without limitation,  a corporation which as a
result  of  such  transaction  owns  the  Company  or  substantially  all of the
Company's  assets  either  directly  or  through  one or more  subsidiaries)  in
substantially the same proportions as their ownership, immediately prior to such
transaction,  of the Outstanding  Company Common Stock and  Outstanding  Company
Voting Securities,  respectively;

                           (iii) any sale of all  or  substantially all  of  the
assets of the Company; or

                           (iv)  the complete liquidation of the Company.

                                   -5-

<PAGE>
                  (2)      Effect on Options

                       (a)      Acquisition  Event.  Upon  the  occurrence of an
Acquisition Event (regardless of whether such event also constitutes a Change in
Control Event), or the execution by the Company of any agreement with respect to
an Acquisition  Event  (regardless of whether such event will result in a Change
in Control Event), the Board shall provide that all outstanding Options shall be
assumed,  or  equivalent  options  shall be  substituted,  by the  acquiring  or
succeeding  corporation  (or  an  affiliate  thereof);  provided  that  if  such
Acquisition  Event also  constitutes  a Change in Control  Event,  except to the
extent  specifically  provided to the contrary in the instrument  evidencing any
Option or any  other  agreement  between a  Participant  and the  Company,  such
assumed or substituted options shall be immediately exercisable in full upon the
occurrence of such Acquisition  Event.  For purposes hereof,  an Option shall be
considered to be assumed if,  following  consummation of the Acquisition  Event,
the Option confers the right to purchase, for each share of Common Stock subject
to the Option  immediately  prior to the consummation of the Acquisition  Event,
the  consideration  (whether cash,  securities or other property)  received as a
result of the  Acquisition  Event by holders  of Common  Stock for each share of
Common Stock held immediately prior to the consummation of the Acquisition Event
(and  if  holders  were  offered  a  choice  of   consideration,   the  type  of
consideration  chosen by the holders of a majority of the outstanding  shares of
Common Stock); provided, however, that if the consideration received as a result
of the  Acquisition  Event  is not  solely  common  stock  of the  acquiring  or
succeeding  corporation  (or an affiliate  thereof),  the Company may,  with the
consent  of  the   acquiring  or   succeeding   corporation,   provide  for  the
consideration  to be received upon the exercise of Options to consist  solely of
common  stock  of the  acquiring  or  succeeding  corporation  (or an  affiliate
thereof) equivalent in fair market value to the per share consideration received
by holders of outstanding  shares of Common Stock as a result of the Acquisition
Event.

                                Notwithstanding the foregoing,  if the acquiring
or succeeding corporation (or an affiliate thereof) does not agree to assume, or
substitute for, such Options,  then the Board shall,  upon written notice to the
Participants,  provide that all then unexercised Options will become exercisable
in full as of a specified time prior to the Acquisition Event and will terminate
immediately prior to the consummation of such Acquisition  Event,  except to the
extent exercised by the Participants before the consummation of such Acquisition
Event;  provided,  however, in the event of an Acquisition Event under the terms
of which holders of Common Stock will receive upon  consummation  thereof a cash
payment for each share of Common Stock surrendered  pursuant to such Acquisition
Event (the  "Acquisition  Price"),  then the Board may instead  provide that all
outstanding  Options shall terminate upon consummation of such Acquisition Event
and that each Participant shall receive,  in exchange  therefor,  a cash payment
equal to the amount (if any) by which (A) the  Acquisition  Price  multiplied by
the  number of  shares  of Common  Stock  subject  to such  outstanding  Options
(whether or not then  exercisable),  exceeds (B) the aggregate exercise price of
such Options.

                       (b)      Change   in  Control  Event  that  is   not   an
Acquisition  Event.  Upon the  occurrence of a Change in Control Event that does
not also  constitute an  Acquisition  Event,  except to the extent  specifically
provided to the contrary in the  instrument  evidencing  any Option or any other
agreement  between a Participant and the Company,  all Options  then-outstanding
shall automatically become immediately exercisable in full.

                                      -6-
<PAGE>

                  (3)      Effect on Restricted Stock Awards

                       (a)     Acquisition Event that is not a Change in Control
Event.  Upon the  occurrence  of an  Acquisition  Event  that is not a Change in
Control  Event,  the  repurchase  and other  rights of the  Company  under  each
outstanding  Restricted  Stock Award shall inure to the benefit of the Company's
successor and shall apply to the cash,  securities or other  property  which the
Common Stock was converted  into or exchanged  for pursuant to such  Acquisition
Event in the same  manner and to the same  extent as they  applied to the Common
Stock subject to such Restricted Stock Award.

                       (b)     Change in Control  Event. Upon the occurrence  of
a Change in Control Event  (regardless of whether such event also constitutes an
Acquisition Event),  except to the extent specifically  provided to the contrary
in the instrument  evidencing any Restricted  Stock Award or any other agreement
between a Participant and the Company,  all  restrictions  and conditions on all
Restricted  Stock  Awards   then-outstanding   shall   automatically  be  deemed
terminated or satisfied.

                  (4)      Effect on Other Awards

                       (a)     Acquisition Event that is not a Change in Control
Event. The Board shall specify the effect of an Acquisition  Event that is not a
Change in Control Event on any other Award granted under the Plan at the time of
the grant of such Award.

                       (b)     Change in Control  Event. Upon the occurrence  of
a Change in Control Event  (regardless of whether such event also constitutes an
Acquisition Event),  except to the extent specifically  provided to the contrary
in the instrument  evidencing any other Award or any other  agreement  between a
Participant  and  the  Company,  all  other  Awards  shall  become  exercisable,
realizable  or  vested  in  full,  or  shall  be  free  of  all   conditions  or
restrictions, as applicable to each such Award.

9.       General Provisions Applicable to Awards

         (a)  Transferability  of  Awards.  Except as the  Board  may  otherwise
determine  or  provide  in  an  Award,  Awards  shall  not  be  sold,  assigned,
transferred,  pledged  or  otherwise  encumbered  by the person to whom they are
granted,  either  voluntarily or by operation of law, except by will or the laws
of descent and distribution,  and, during the life of the Participant,  shall be
exercisable only by the Participant.  References to a Participant, to the extent
relevant in the context, shall include references to authorized transferees.

         (b)  Documentation.   Each  Award  shall  be  evidenced  by  a  written
instrument  in such form as the Board  shall  determine.  Each Award may contain
terms and conditions in addition to those set forth in the Plan.

                                      -7-
<PAGE>

         (c)      Board  Discretion.  Except as otherwise  provided by the Plan,
each Award may be made alone or in addition  or in relation to any other  Award.
The terms of each  Award  need not be  identical,  and the Board  need not treat
Participants uniformly.

         (d)  Termination of Status.  The Board shall determine the effect on an
Award of the disability, death, retirement, authorized leave of absence or other
change in the  employment  or other  status of a  Participant  and the extent to
which,  and the period during which, the Participant,  the  Participant's  legal
representative,  conservator,  guardian or Designated  Beneficiary  may exercise
rights under the Award.

         (e)  Withholding.  Each Participant  shall pay to the Company,  or make
provision satisfactory to the Board for payment of, any taxes required by law to
be withheld in connection with Awards to such Participant no later than the date
of the event  creating  the tax  liability.  Except  as the Board may  otherwise
provide in an Award, when the Common Stock is registered under the Exchange Act,
Participants may satisfy such tax obligations in whole or in part by delivery of
shares of Common Stock,  including  shares  retained from the Award creating the
tax  obligation,  valued at their Fair Market  Value.  The  Company  may, to the
extent permitted by law, deduct any such tax obligations from any payment of any
kind otherwise due to a Participant.

         (f)  Amendment of Award.  The Board may amend,  modify or terminate any
outstanding Award,  including but not limited to, substituting  therefor another
Award  of the  same or a  different  type,  changing  the  date of  exercise  or
realization,  and converting an Incentive  Stock Option to a Nonstatutory  Stock
Option, provided that the Participant's consent to such action shall be required
unless the Board  determines  that the action,  taking into  account any related
action, would not materially and adversely affect the Participant.

         (g) Conditions on Delivery of Stock.  The Company will not be obligated
to  deliver  any  shares  of  Common  Stock  pursuant  to the Plan or to  remove
restrictions  from  shares  previously  delivered  under the Plan  until (i) all
conditions  of the Award  have been met or removed  to the  satisfaction  of the
Company,  (ii) in the opinion of the Company's counsel,  all other legal matters
in connection with the issuance and delivery of such shares have been satisfied,
including any applicable  securities  laws and any applicable  stock exchange or
stock market rules and  regulations,  and (iii) the Participant has executed and
delivered to the Company such  representations  or agreements as the Company may
consider  appropriate to satisfy the  requirements of any applicable laws, rules
or regulations.

         (h)  Acceleration.  The Board may at any time  provide that any Options
shall become  immediately  exercisable  in full or in part,  that any Restricted
Stock Awards shall be free of  restrictions in full or in part or that any other
Awards  may  become  exercisable  in  full  or in  part  or  free of some or all
restrictions or conditions,  or otherwise  realizable in full or in part, as the
case may be.

                                      -8-
<PAGE>

10.      Miscellaneous

         (a) No Right To Employment  or Other  Status.  No person shall have any
claim or right to be  granted an Award,  and the grant of an Award  shall not be
construed as giving a Participant the right to continued employment or any other
relationship with the Company.  The Company expressly  reserves the right at any
time to dismiss or otherwise  terminate its relationship with a Participant free
from any liability or claim under the Plan, except as expressly  provided in the
applicable Award.

         (b) No  Rights  As a  Shareholder.  Subject  to the  provisions  of the
applicable Award, no Participant or Designated Beneficiary shall have any rights
as a  shareholder  with respect to any shares of Common Stock to be  distributed
with  respect  to an Award  until  becoming  the record  holder of such  shares.
Notwithstanding  the foregoing,  in the event the Company effects a split of the
Common  Stock by means of a stock  dividend  and the  exercise  price of and the
number of shares  subject  to such  Option  are  adjusted  as of the date of the
distribution  of the  dividend  (rather  than as of the  record  date  for  such
dividend),  then an optionee who exercises an Option between the record date and
the distribution  date for such stock dividend shall be entitled to receive,  on
the  distribution  date, the stock dividend with respect to the shares of Common
Stock  acquired upon such Option  exercise,  notwithstanding  the fact that such
shares were not  outstanding  as of the close of business on the record date for
such stock dividend.

         (c) Effective Date and Term of Plan. The Plan shall become effective on
the date as of which it is both adopted by the Board and approved by the Company
shareholders.  No Awards shall be granted under the Plan after the completion of
ten years from the date the Plan was approved by the Company's shareholders, but
Awards previously granted may extend beyond that date.

         (d)      Amendment  of Plan.  The Board may amend, suspend or terminate
the Plan or any portion thereof at any time.

         (e)      Governing  Law. The provisions of the Plan and all Awards made
hereunder  shall be governed by and  interpreted in accordance  with the laws of
the State of Florida, without regard to any applicable conflicts of law.

                                      -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]