Document:

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                                                                   EXHIBIT 10.7

SECURITY AGREEMENT

                  SECURITY AGREEMENT (the "Security Agreement"), dated as of
December 31, 1999, between Ambasssa Holdings, Inc., a Florida corporation, with
offices at 5750 N. Bay Road, Miami Beach, Florida (the "Borrower"), and Chicken
Kitchen Corporation, a Florida corporation, with offices at 5415 Collins Avenue,
Suite 305, Miami Beach, Florida (the "Secured Party").

         Section 1. DEFINITIONS. Definitions in the Code (as defined below)
shall apply to words and phrases in this Security Agreement and, if Code
definitions conflict, definitions in Article 9 (Chapter 679, Florida Statutes)
of the Code shall apply. In addition to terms defined in the Code or elsewhere
in this Security Agreement, the following terms have the meanings indicated
below, which meanings shall be equally applicable to both the singular and the
plural forms of such terms:

         "Code" means the Uniform Commercial Code as in effect from time to time
in the State of Florida (Chapters 671 through 680, inclusive, Florida Statutes).

         "Collateral" means and includes any and all of the following which are
owned by the Borrower or in which the Borrower has an interest, whether now
owned or existing or hereafter created or acquired:

                  (a)      The internet domain names set forth on the attached
                           Exhibit "A;"

                  (b)      all cash or non-cash proceeds of any of the
                           foregoing, including insurance proceeds and all
                           products thereof;

                  (c)      all ledger sheets, files, records, documents and
                           instruments (including, but not limited to, computer
                           programs, tapes and related electronic data
                           processing software) evidencing an interest in or
                           relating to the above; and

         "Obligations" shall mean and include:

                  (a)      the indebtedness, obligations and liabilities of the
                           Borrower to the Secured Party now or hereafter
                           existing, incurred or created under the Promissory
                           Note or any related documents;

         "Promissory Note" means that certain Promissory Note in the original
principal amount of $138,913.00 of even date, given by the Borrower to the
Secured Party.

         Section 2.  GRANT OF SECURITY INTEREST; RELEASE OF COLLATERAL.

                  2.1. In consideration of advances and other extensions of
credit made or to be made by the Secured Party to the Borrower, and for other
value received by the Borrower, and in further consideration of other financial
accommodations extended by the Secured Party to the Borrower or to other persons
and guaranteed by the Borrower, the Borrower hereby grants a continuing security
interest in, and assigns to the Secured Party, the Collateral, to secure payment
and performance of all of the Obligations of the Borrower to the Secured Party.

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                  2.2. At any time during which amounts are outstanding under
the Promissory Note, the Borrower is entitled to obtain a release of the Secured
Party's security interest in any and all Inventory and Accounts which are or may
hereafter became encumbered by this Security Agreement by paying the outstanding
principal amount plus accrual interest under the Promissory Note in the manner
set forth in the Promissory Note.

         Section 3. OWNERSHIP OF COLLATERAL. The Borrower hereby represents,
that it has good title to the Collateral free and clear of all liens and
security interests except the security interest granted by this Security
Agreement.

         Section 4. NO OTHER SECURITY INTERESTS. So long as any Obligation to
the Secured Party is outstanding, the Borrower shall not, without the prior
written consent of the Secured Party, grant to any third party a security
interest in any of the Collateral or permit any lien or encumbrance to attach to
any part of the Collateral (except for taxes not yet due and payable) or suffer
or permit any levy to be made on any part of the Collateral, or permit any
financing statement (except that of the Secured Party) to be on file with
respect thereto, except (a) purchase money liens arising in connection with
newly acquired property, and (b) liens that are junior in priority to the
security interests created by this Security Agreement. Except as is customary
and usual in the course of its business, the Borrower shall not sell, transfer,
lease or otherwise dispose of any of the Collateral or any interest therein, or
offer to do so or permit anything to be done to impair the value of the
Collateral or the security interest hereby created; PROVIDED that the Borrower
may merge or consolidate with another company so long as (x) the Borrower is the
surviving entity; (y) the shareholders of the Borrower control the surviving
entity, and (z) the other company is solvent and has a positive net worth.

         Section 5. REPRESENTATIONS, WARRANTIES AND COVENANTS REGARDING THE
COLLATERAL. The Borrower represents, warrants and covenants to the Secured Party
as follows:

                  5.1. The Borrower shall at all times keep the Collateral
insured against loss, damage, theft, and such other risks as the Secured Party
may reasonably require, in such amounts (in any event, not less than the full
insurable value thereof), with such insurance companies, under such policies, in
such form and for such periods as shall be reasonably acceptable to the Secured
Party, and each such policy shall provide that loss thereunder and proceeds
payable thereunder shall be payable to the Secured Party as an additional loss
payee (and the Secured Party may apply any proceeds of such insurance which may
be received by the Secured Party toward payment of the Obligations, whether due
or not due, in such order of application as the Secured Party may determine).
Each such policy shall provide for minimum ten days written cancellation notice
to the Secured Party. Each such policy shall, if the Secured Party so requests,
be deposited with the Secured Party. Such policies shall provide that no act or
default of the Borrower shall affect the right of the Secured Party to recover
thereunder.

                  5.2. The Borrower shall at all times keep the Collateral in
good order and repair and shall not waste or destroy the Collateral or any part
thereof.

                  5.3. The Borrower warrants that no financing statement
covering any Collateral or any proceeds thereof is on file in any public office.
The Borrower shall promptly, if requested by the Secured Party, mark its records
evidencing its accounts and chattel paper in a manner satisfactory to the
Secured Party so as to show the same having been assigned to the Secured Party.
The Borrower authorizes the Secured Party to file financing statements with
respect to the Collateral signed only by the Secured Party when permitted by the
Code. The Borrower shall join with the Secured Party in executing financing
statements, notices, affidavits or similar instruments in forms satisfactory to
the Secured Party and such other documents as the Secured Party may from time to
time reasonably request, and shall pay the cost of filing the same in any public
office required by law. The Borrower shall do such other acts and things, all as
the Secured Party

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may reasonably request, to maintain a valid, perfected security interest in
favor of the Secured Party in the Collateral (free and clear of all other liens
and claims whatsoever, in order to secure the payment of the Obligations. The
Borrower agrees to execute all documents which the Secured Party may deem
necessary to perfect and to continue the perfection of the security interest
created hereby and to protect the Collateral.

                  5.4. The Borrower shall not use the Collateral or permit the
same to be used in violation of, and shall at all times maintain the Collateral
in compliance with, any applicable statute or ordinance. The Secured Party may
examine and inspect the Collateral, wherever located, upon reasonable prior
notice to the Borrower. The Borrower shall pay promptly when due all taxes and
assessments upon the Collateral or for its use or operation or upon this
Security Agreement or any other writing evidencing the Obligations, or any of
them.

                  5.5. The chief executive office where Borrower keeps its
records concerning its Receivables is at the address specified at the beginning
of this Security Agreement. The Borrower shall give the Secured Party written
notice of each additional location at which Collateral is kept and of any change
in the chief executive office of the Borrower at which records of the Borrower
pertaining to Receivables are kept at least thirty days prior to the change of
the chief executive office.

                  5.6. The Borrower shall not dispose of or transfer any of the
Collateral, or any interest therein, without the Secured Party's prior written
consent. Notwithstanding the foregoing, the Borrower shall be permitted to
license any of the Collateral to a third party pursuant to an arms-length
transaction so long as the licensee acknowledges in writing the existence of the
Secured Party's security interest in such Collateral. Furthermore, the Borrower
may assign the Collateral in connection with a merger or consolidation in which
the Borrower is not the continuing corporation, provided that the continuing
corporation acknowledges in writing the existence of the Secured Party's
security interest in the Collateral.

         Section 6. DEFAULTS AND REMEDIES. If any one of the following "Events
of Default" shall occur and shall not have been remedied;

                  (a) any default under the Promissory Note, which remains
unremedied for 10 calendar days after written notice thereof has been given to
the Borrower by the Secured Party;

                  (b) any representation or warranty made by the Borrower herein
or in any certificate or report furnished by the Borrower hereunder shall prove
to have been incorrect in any material respect; or

                  (c) the Borrower shall default in the performance of any other
agreement, covenant or obligation contained herein, which default shall persist
for 10 calendar days after written notice thereof has been given to the Borrower
by the Secured Party;

then the Secured Party may, in addition to any other rights and remedies which
it may have under applicable law, immediately and without demand exercise any
and all of the rights and remedies granted to a secured party upon default under
the Code; and upon request or demand of the Secured Party, the Borrower shall at
its expense assemble all (or any part, if so directed) of the Collateral and
make it available to the Secured Party at Borrower's place of business. The
Secured Party and its agents are authorized to enter into or onto any premises
where the Collateral may be located for the purpose of taking possession of such
Collateral. Any notice of sale, disposition or other intended action by the
Secured Party, sent to the Borrower at the address specified at the beginning of
this Security Agreement or at such other address of the Borrower as may from
time to time be shown on the Secured Party's records, at least ten days prior to
such action, shall constitute reasonable notice to the Borrower. Any proceeds of
any disposition of any of the Collateral may be applied by the Secured Party
toward payment of such of the Obligations and in such order of application as
the Secured Party may from time to time elect.

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         Section 7.  MISCELLANEOUS.

                  7.1. No waiver by the Secured Party of any default shall
operate as a waiver of any other default or of the same default on a future
occasion. No delay or omission on the part of the Secured Party in exercising
any right or remedy shall operate as a waiver thereof, and no single or partial
exercise by the Secured Party of any right or remedy shall preclude any other or
further exercise thereof or the exercise of any other right or remedy. Time is
of the essence in this Security Agreement. The provisions of this Security
Agreement are cumulative and in addition to the provisions of any liability of
the Borrower under any note, any guaranty or any other writing, the Secured
Party shall have all the benefits, rights and remedies of a secured party under
this Security Agreement and any other document. No modification or amendment to
this Security Agreement shall be effective unless evidenced by a written
instrument signed by authorized officers of the Borrower and the Secured Party.

                  7.2. Upon the occurrence of any Event of Default hereunder,
the Secured Party may at its discretion transfer any property constituting
Collateral into its own name or that of its nominee and receive the income
thereon and hold the same as security for the Obligations or apply it towards
principal or interest due on Obligations. The powers conferred upon the Secured
Party by this Section are solely to protect the interests of the Secured Party
and shall not impose any duties on the Secured Party to exercise any powers.

                  7.3. All rights of the Secured Party hereunder shall inure to
the benefit of its successors and assigns, and all Obligations of the Borrower
shall bind the successors and assigns of the Borrower.

                  7.4. This Security Agreement shall be governed by and
construed in accordance with the laws of Florida, without regard to the conflict
of laws principles thereof.

                  7.5. At its option, the Secured Party may, if the Borrower
fails to pay the same when due, discharge taxes, liens or security interests or
other encumbrances at any time levied or placed on the Collateral (unless such
item is being contested in good faith by the Borrower), may pay for insurance on
the Collateral, and may pay for the maintenance and preservation of the
Collateral. The Borrower agrees to reimburse the Secured Party on demand for any
reasonable payment made, or any reasonable expense incurred, by the Secured
Party pursuant to the foregoing authorization. Except as otherwise expressly
provided in this Security Agreement, until an Event of Default takes place, the
Borrower may have possession of the Collateral and use it in any lawful manner
not inconsistent with this Security Agreement and not inconsistent with any
policy of insurance thereon.

                  7.6. If any of the provisions of this Security Agreement shall
contravene or be held invalid under the laws of any jurisdiction, the Security
Agreement shall be construed as if such provision did not exist and the
remainder of this Security Agreement shall be construed and enforced
accordingly.

                  7.7. The Secured Party's rights under the Promissory Note and
this Security Agreement are cumulative. Without limiting the generality of the
foregoing, the Secured Party may enforce its rights hereunder in all or part of
the Collateral or in any other security in the order selected by Secured Party.

                  7.8. THE BORROWER, AND THE SECURED PARTY BY ITS ACCEPTANCE OF
THIS SECURITY AGREEMENT, HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE
THE RIGHT EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SECURITY AGREEMENT
AND ANY AGREEMENT TO BE EXECUTED IN CONJUNCTION HEREWITH OR ANY COURSE OF
CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF
EITHER PARTY; PROVIDED, HOWEVER, THAT THIS

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WAIVER SHALL NOT BE APPLICABLE WITH RESPECT TO ANY COUNTERCLAIM BY THE BORROWER
OR ANY ACTION BY THE BORROWER IN WHICH THE SECURED PARTY IS AN ADVERSE PARTY AND
THE BORROWER SEEKS DAMAGES FROM THE SECURED PARTY IN CONNECTION WITH THIS
SECURITY AGREEMENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE SECURED
PARTY ENTERING INTO THIS SECURITY AGREEMENT.

                  7.9. All notices, demands and requests hereunder or required
hereby shall be in writing and shall be deemed to have been properly given if
and only if personally delivered or sent by a nationally recognized overnight
courier requiring the signature of the recipient party, when addressed to the
parties at their respective addresses set forth on the first page hereof or at
such other locations as a party may subsequently designate in writing.

         IN WITNESS WHEREOF, this Security Agreement has been executed by the
Secured Party and the Borrower as of the date set forth above.

                                THE SECURED PARTY:

                                            CHICKEN KITCHEN CORPORATION,
                                            a Florida corporation

                                            By:_________________________
                                            Name:  Christian de Berdouare,
                                                       Its President

                                THE BORROWER:

                                            AMBASSA HOLDINGS, INC.,
                                            a Delaware corporation

                                            By:_______________________
                                            Name:  Christian De Berdouare,
                                                       Its President

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                                                                   EXHIBIT 10.8

                              CHICKEN KITCHEN CORP.

                              AMENDED AND RESTATED
                             1999 STOCK OPTION PLAN

                             (AS OF OCTOBER 6, 1999)

         1. STATEMENT OF PURPOSE. The purpose of this Amended and Restated 1999
Stock Option Plan (the "Plan") is to benefit Chicken Kitchen Corp., Inc. (the
"Company") by offering certain present and future employees, officers, and
consultants of the Company and its subsidiaries, if any, a favorable opportunity
to become holders of the common stock of the Company ("Common Stock") over a
period of years, thereby giving them a long-term stake in the growth and
prosperity of the Company and encouraging the continuance of their involvement
with the Company.

         2. ADMINISTRATION. The Plan shall be administered (i) with respect to
individuals who receive options under the Plan and who are or become subject to
the reporting requirements and short-swing liability provisions of Section 16 of
the Securities Exchange Act of 1934 (the "Exchange Act") (hereinafter referred
to as "Reporting Persons"), by a committee which shall consist of the Chairman
of the Board of Directors of the Company (the "Board) or individuals appointed
by the Chairman of the Board of Directors.

         3. ELIGIBILITY. Options may be granted to employees of the Company and
its subsidiaries, if any, who are employed on a full time basis, and to officers
and consultants of the Company and its subsidiaries, if any. The Committee may
grant options to eligible employees, officers and consultants of the Company and
its subsidiaries selected initially and from time to time thereafter by the
Committee based on the importance of their services; provided, however, that
notwithstanding any other provision of the Plan, the maximum number of shares
subject to all options granted to an individual in any calendar year shall in no
event exceed 2,000,000 (the "Individual Cap"), subject to adjustment as provided
in Section II. Eligible individuals may be selected individually or by groups or
categories, as determined by the Committee in its discretion. No non-employee
director of the Company shall receive an award under the Plan.

         4. GRANTING OF OPTIONS. Options granted under the Plan are intended not
to be treated as incentive stock options as defined in Section 422 of the
Internal Revenue Code of 1986, as amended (the "Code").

         In the event that an option expires or is terminated or canceled
unexercised as to any shares, such released shares may again be optioned
(including a grant in substitution for a canceled option). Shares subject to
options may be made available from un-issued or reacquired shares of Common
Stock.

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        Nothing contained in the Plan or in any option granted pursuant thereto
shall confer upon any optionee any right to be continued in the employment of
the Company, or interfere in any way with the right of the Company to terminate
his or her employment at any time.

         5. OPTION PRICE. The options shall be granted at an exercise price,
subject to the provisions of Section I hereof, equal to the fair market value at
the time the option is granted, of the shares of Common Stock subject to the
option.

         6. DURATION OF OPTIONS, INCREMENTS, AND EXTENSIONS. Subject to the
provisions of Section 9 hereof, each option shall be for a term of ten years.
Each option shall become exercisable with respect to 10% of the total number of
shares subject to the option on the first anniversary of the date of grant, an
additional 20% on the second anniversary of the date of grant, an additional 30%
on the third anniversary of the date of grant, and the balance on the fourth
anniversary of the date of grant (the "Vesting Schedule"). Notwithstanding the
foregoing, the Committee may in its discretion accelerate the exercisability of
any option subject to such terms and conditions as the Committee deems necessary
and appropriate to effectuate the purpose of the Plan including, without
limitation a requirement that the optionee grant to the Company an option to
repurchase all or a portion of the number of shares acquired upon exercise of
the accelerated option for their fair market value on the date of grant. Subject
to the foregoing, all or any part of the shares to which the right to purchase
has accrued may be purchased at the time of such accrual or at any time or times
thereafter during the option period.

         7. RIGHT OF COMPANY TO REPURCHASE SHARES ISSUED AS A RESULT OF
ACCELERATED, EXERCISED OPTIONS.

          Notwithstanding any other provision in the Plan to the contrary:

                  (a) in the event that (i) the Committee, in its sole
         discretion, determines that all or some portion of the vesting of an
         option granted pursuant to the Plan shall be accelerated so that all or
         some portion of such option may be exercised prior to the date on which
         it would have been exercised pursuant to the Vesting Schedule described
         in Section 6 hereof, and (ii) such option is exercised for some or all
         of the shares of Common Stock subject to such option, then that portion
         of shares under such option (the "Excess Shares") equal to the total
         number of shares under such option less the number of shares which
         would have been issued if the option had been exercised pursuant to the
         Vesting Schedule may not, except as provided in paragraph (b) of this
         Section 7, be sold or otherwise transferred to any third party until
         such date as the option for any portion of the Excess Shares would have
         been exercisable if the option had been exercised pursuant to the
         Vesting Schedule; and

                  (b) in the event the employment of the optionee (or former
         optionee) with the Company is terminated for any reason other than
         death, permanent disability or retirement, the Company shall have the
         right to purchase from the optionee, at the option price paid by him,
         the Excess Shares acquired upon the exercise of an option granted under
         the Plan; provided, however, that the Company shall not make any such
         purchase if such purchase would give rise to short-swing profit
         liability as described in Section 16 of the Exchange Act when matched
         with a bona fide market transaction. If not sooner exercised, the
         Company's right to repurchase shall expire with respect to any portion
         of the Excess Shares on the date that the option for any such portion
         of the Excess Shares would have become exercisable pursuant to the
         Vesting Schedule.

         8. EXERCISE OF OPTION. As a condition to the exercise of any option,
the fair market value of the Common Stock on the date of exercise must equal or
exceed the option price referred to in Section 5 hereof. An option may be
exercised by giving written notice to the Company, attention of the Secretary,

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specifying the number of shares to be purchased, accompanied by the full
purchase price for the shares to be purchased either in cash, by check, by a
promissory note in a form specified by the Committee and payable to the Company
no later than 15 business days after the date of exercise of the option, or, if
so approved by the Committee, by shares of the Common Stock of the Company, or
by a combination of these methods of payment. For this purpose, the per share
value of Common Stock of the Company shall be the fair market value on the date
of exercise. The Committee may in its discretion permit an optionee to deliver a
promissory note in a form specified by the Committee and payable to the Company
no later than the fifteenth day of April in the year following the year of
exercise of any option in payment of any withholding tax requirements of the
Company with respect to such exercise.

         9. TERMINATION OF RELATIONSHIP -- EXERCISE THEREAFTER.

                  (a) In the event the relationship between the Company and an
         officer or employee who is an optionee is terminated for any reason
         other than death, permanent disability, or retirement, such optionee's
         option shall expire and all fights to purchase shares pursuant thereto
         shall terminate on the date of termination of employment, except that,
         to the extent the option is exercisable on the date of termination,
         such option may be exercised for a period of one year after termination
         of employment (or until the scheduled termination of the option, if
         earlier); provided, however, that with respect to all or any portion of
         any option held by such optionee, the Committee may, in its sole
         discretion, accelerate exercisability, permit vesting to continue in
         accordance with the Vesting Schedule, or permit such option to remain
         exercisable for a term after the one year period specified above (but
         in no event beyond its specified term), subject to such terms and
         conditions, if any, as determined by the Committee in its sole
         discretion. Temporary absence from employment because of illness,
         vacation, and approved leaves of absence and transfer among the Company
         and its subsidiaries shall not be considered to terminate employment or
         to interrupt continuous employment.

                  (b) In the event of termination of said relationship because
         of death or permanent disability (as that term is defined in Section
         22(e)(3) of the Code, as now in effect or as subsequently amended), the
         option may be exercised in full (to the extent not previously
         exercised) without regard to the Vesting Schedule, by the optionee or,
         if he or she is not living, by his or her heirs, legatees, or legal
         representative, as the case may be, during its specified term prior to
         two years after the date of death or permanent disability.

         (c) IN THE EVENT OF TERMINATION OF EMPLOYMENT BECAUSE OF EARLY, NORMAL
OR DEFERRED RETIREMENT UNDER AN APPROVED RETIREMENT PROGRAM OF THE COMPANY (OR
SUCH OTHER PLAN OR ARRANGEMENT AS MAY BE APPROVED BY THE COMMITTEE, IN ITS
DISCRETION, FOR THIS PURPOSE), THE OPTION MAY BE EXERCISED BY THE OPTIONEE (OR,
IF HE OR SHE DIES AFTER SUCH RETIREMENT, BY HIS OR HER HEIRS, LEGATEES, OR LEGAL
REPRESENTATIVE, AS THE CASE MAY BE), TO THE EXTENT THAT ANY PORTION THEREOF
WOULD BE EXERCISABLE ON THE DATE OF SUCH RETIREMENT (OR WITH RESPECT TO SUCH
GREATER PORTION AS DETERMINED BY THE COMMITTEE), AT ANY TIME DURING ITS
SPECIFIED TERM PRIOR TO ONE YEAR AFTER THE DATE OF SUCH RETIREMENT.

                  (d) Except as otherwise determined by the Committee, upon the
         termination of a relationship between the Company or any subsidiary and
         a consultant who is an optionee, such optionee's option shall expire
         ninety days thereafter and all rights to purchase shares pursuant
         thereto shall terminate upon the expiration of the one year period.

         10. NON-TRANSFERABILITY OF OPTIONS. During the lifetime of the
optionee, options shall be exercisable only by the optionee, and options shall
not be assignable or transferable by the optionee otherwise than by will or by
the laws of descent and distribution, or pursuant to a qualified domestic

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relations order as defined by (a) the Code or (b) Title I of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or the rules or
regulations thereunder. The Committee, in its discretion, may permit the
assignment or transfer of an option on such terms and subject to such conditions
as the Committee may deem necessary or appropriate or as otherwise may be
required by applicable law or regulation.

         11. ADJUSTMENT. The number of shares subject to the Plan and to options
granted under the Plan (and the Individual Cap) shall be adjusted as follows:
(a) in the event that the outstanding shares of Common Stock of the Company are
changed by any stock dividend, stock split or combination of shares, the number
of shares subject to the Plan and to options granted thereunder and the
Individual Cap shall be proportionately adjusted; (b) in the event of any
merger, consolidation or reorganization of the Company with any other
corporation or corporations, there shall be substituted, on an equitable basis
as determined by the Committee, for each share of Common Stock then subject to
the Plan, whether or not at the time subject to outstanding options, and for
each share of Common Stock included in the Individual Cap the number and kind of
shares of stock or other securities to which the holders of shares of Common
Stock of the Company will be entitled pursuant to the transaction; and (c) in
the event of any other relevant change in the capitalization of the Company, the
Board shall provide for an equitable adjustment in the number of shares of
Common Stock then subject to the Plan, whether or not then subject to
outstanding options, and in the Individual Cap. In the event of any such
adjustment the purchase price per share shall be proportionately adjusted.

         12. AMENDMENT of Plan. The Board may amend or discontinue the Plan at
any time; PROVIDED, HOWEVER, that:

                  (a) no amendment or discontinuance shall change or impair any
         options previously granted without the consent of the optionee; and

                  (b) no amendment shall, without the affirmative vote of the
         holders of a majority of the outstanding shares of all of the classes
         of stock of the Company voting in person or by proxy, and entitled to
         vote at a duly held stockholders meeting, or without the written
         consent of the holders of a majority of the outstanding shares of all
         of the classes of stock entitled to vote, (i) materially increase the
         benefits accruing to participants under the Plan, (ii) materially
         increase the number of securities which may be issued under the Plan,
         or (iii) materially modify the requirements as to eligibility for
         participation in the Plan.

         13. EXCHANGE ACT COMPLIANCE. With respect to Reporting Persons,
transactions under the Plan are intended to comply with all applicable
conditions of Rule 16b-3 or its successors under the Exchange Act. To the extent
any provision of the Plan or action by the Reporting Persons Committee fails to
so comply, it may be deemed null and void to the extent permitted by law and
deemed advisable by the Reporting Persons Committee.

         14. EMPLOYMENT AND CONSULTING, AGREEMENTS. Anything contained in the
Plan to the contrary notwithstanding, in the event that an employment agreement
or consulting agreement entered into by the Company or a subsidiary of the
Company provides that options shall be granted under the Plan to an employee or
consultant on terms and conditions that differ from the terms and conditions set
forth herein, the terms and conditions set forth in such employment or
consulting agreement shall control.

         15. EFFECTIVE DATE. The Plan was amended and restated by the Board to
be effective on October 6, 1999.

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         16.  MISCELLANEOUS PROVISIONS.

         (a) No employee or other person shall have any claim or right to be
granted an option under the Plan. Determinations made by the Committee under the
Plan need not be uniform and may be made selectively among eligible individuals
under the Plan, whether or not such eligible individuals are similarly situated.

         (b) No participant or other person shall have any right with respect to
the Plan, the Common Stock reserved for issuance under the Plan or any option,
contingent or otherwise, until all the terms, conditions and provisions of the
Plan and the option applicable to such recipient (and each person claiming under
or through him) have been met.

         (c) No shares of Common Stock shall be issued hereunder with respect to
any option unless counsel for the Company shall be satisfied that such issuance
will be in compliance with applicable federal, state, local and foreign legal,
securities exchange and other applicable requirements.

         (d) With respect to Reporting Persons, it is the intent of the Company
that the Plan comply in all respects with Rule 16b-3 under the Exchange Act and
that any ambiguities or inconsistencies in construction of the Plan be
interpreted to give effect to such intention and that if any provision of the
Plan is found not to be in compliance with Rule 16b-3, such provision shall be
deemed null and void to the extent required to permit the Plan to comply with
Rule 16b-3.

     (e) The Company shall have the right to deduct from any payment made under
     the Plan any federal, state, local or foreign income or other taxes
     required by law to be withheld with respect to such payment. It shall be a
     condition to the obligation of the Company to issue Common Stock, other
     securities or property, or other forms of payment, or any combination
     thereof, upon exercise, settlement or payment of any option under the Plan,
     that the participant (or any beneficiary or person entitled to act) pay to
     the Company, upon its demand, such amount as may be required by the Company
     for the purpose of satisfying any liability to withhold federal, state,
     local or foreign income or other taxes. If the amount requested is not
     paid, the Company may refuse to issue Common Stock, other securities or
     property, or other forms of payment, or any combination thereof
     Notwithstanding anything in the Plan to the contrary, the Committee may, in
     its discretion, permit an eligible participant (or any beneficiary or
     person entitled to act) to elect to pay a portion or all of the amount
     requested by the Company for such taxes with respect to such option, at
     such time and in such manner as the Committee shall deem to be appropriate
     (including, but not limited to, by authorizing the Company to withhold, or
     agreeing to surrender to the Company on or about the date such tax
     liability is determinable, Common Stock, other securities or property, or
     other forms of payment, or any combination thereof, owned by such person or
     a portion of such forms of payment that would otherwise be distributed, or
     have been distributed, as the case may be, pursuant to such option to such
     person, having a fair market value equal to the amount of such taxes).

         (f) The expense of the Plan shall become by the Company.

         (g) By accepting any option or other benefit under the Plan, each
participant and each person claiming under or through such person shall be
conclusively deemed to have indicated his acceptance and ratification of, and
consent to, any action taken under the Plan by the Company or the Committee.

         (h) Unless otherwise determined by the Committee in its sole
discretion, options granted prior to October 6, 1999 shall be governed by the
Plan.

-----------------------------
Christian Mahe de Berdouare
Chairman of the Board

                                       5

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