Document:

EXHIBIT 4.1

                 ADZONE RESEARCH, INC. 2004 INCENTIVE STOCK PLAN

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           THIS ADZONE RESEARCH,  INC. 2004 INCENTIVE STOCK PLAN (the "PLAN") is
designed to retain directors,  executives and selected employees and consultants
and reward them for making  major  contributions  to the success of the Company.
These objectives are accomplished by making long-term incentive awards under the
Plan thereby providing  Participants  with a proprietary  interest in the growth
and performance of the Company.

1.    Definitions.

      (a)   "BOARD" - The Board of Directors of the Company.

      (b)   "CODE" - The Internal  Revenue Code of 1986, as amended from time to
            time.

      (c)   "COMMITTEE" - The Compensation  Committee of the Company's Board, or
            such other committee of the Board that is designated by the Board to
            administer  the Plan,  composed  of not less than two members of the
            Board all of whom are disinterested persons, as contemplated by Rule
            16b-3 ("RULE 16B-3")  promulgated under the Securities  Exchange Act
            of 1934, as amended (the "EXCHANGE ACT").

      (d)   "COMPANY" - ADZONE  RESEARCH,  INC. and its  subsidiaries  including
            subsidiaries of subsidiaries.

      (e)   "EXCHANGE  ACT" - The  Securities  Exchange Act of 1934,  as amended
            from time to time.

      (f)   "FAIR MARKET VALUE" - The fair market value of the Company's  issued
            and  outstanding  Stock as  determined in good faith by the Board or
            Committee.

      (g)   "GRANT" - The grant of any form of stock  option,  stock  award,  or
            stock purchase offer,  whether granted singly,  in combination or in
            tandem,  to a  Participant  pursuant to such terms,  conditions  and
            limitations  as the  Committee may establish in order to fulfill the
            objectives of the Plan.

      (h)   "GRANT   AGREEMENT"  -  An  agreement  between  the  Company  and  a
            Participant  that sets forth the terms,  conditions and  limitations
            applicable to a Grant.

      (i)   "OPTION" - Either an Incentive  Stock  Option,  in  accordance  with
            Section 422 of Code,  or a  Nonstatutory  Option,  to  purchase  the
            Company's Stock that may be awarded to a Participant under the Plan.
            A  Participant  who receives an award of an Option shall be referred
            to as an "OPTIONEE."

      (j)   "PARTICIPANT" - A director,  officer,  employee or consultant of the
            Company to whom an Award has been made under the Plan.
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      (k)   "RESTRICTED STOCK PURCHASE OFFER" - A Grant of the right to purchase
            a  specified  number  of  shares  of  Stock  pursuant  to a  written
            agreement issued under the Plan.

      (l)   "SECURITIES  ACT" - The Securities Act of 1933, as amended from time
            to time.

      (m)   "STOCK" - Authorized  and issued or unissued  shares of common stock
            of the Company.

      (n)   "STOCK AWARD" - A Grant made under the Plan in stock or  denominated
            in units of stock for which the  Participant is not obligated to pay
            additional consideration.

2.    Administration.  The Plan shall be  administered  by the  Board,  provided
      however, that the Board may delegate such administration to the Committee.
      Subject to the  provisions  of the Plan,  the Board  and/or the  Committee
      shall have  authority to (a) grant,  in its  discretion,  Incentive  Stock
      Options  in  accordance  with  Section  422 of the Code,  or  Nonstatutory
      Options,  Stock Awards or Restricted Stock Purchase Offers;  (b) determine
      in good faith the fair market value of the Stock covered by any Grant; (c)
      determine  which  eligible  persons shall receive Grants and the number of
      shares, restrictions,  terms and conditions to be included in such Grants;
      (d) construe and interpret  the Plan;  (e)  promulgate,  amend and rescind
      rules and regulations relating to its administration, and correct defects,
      omissions and  inconsistencies  in the Plan or any Grant;  (f)  consistent
      with the Plan and with the  consent of the  Participant,  as  appropriate,
      amend any  outstanding  Grant or amend the exercise date or dates thereof;
      (g)  determine  the duration and purpose of leaves of absence which may be
      granted  to  Participants  without   constituting   termination  of  their
      employment  for the  purpose  of the Plan or any  Grant;  and (h) make all
      other determinations necessary or advisable for the Plan's administration.
      The  interpretation and construction by the Board of any provisions of the
      Plan or selection of Participants shall be conclusive and final. No member
      of  the  Board  or the  Committee  shall  be  liable  for  any  action  or
      determination  made in good  faith  with  respect to the Plan or any Grant
      made thereunder.

3.    Eligibility.

      (a)   General:  The persons who shall be eligible to receive  Grants shall
            be directors, officers, employees or consultants to the Company. The
            term consultant shall mean any person,  other than an employee,  who
            is engaged by the Company to render  services and is compensated for
            such  services.  An  Optionee  may hold  more than one  Option.  Any
            issuance  of a  Grant  to an  officer  or  director  of the  Company
            subsequent to the first registration of any of the securities of the
            Company under the Exchange Act shall comply with the requirements of
            Rule 16b-3.

      (b)   Incentive Stock Options:  Incentive Stock Options may only be issued
            to employees of the Company.  Incentive Stock Options may be granted
            to officers or directors,  provided  they are also  employees of the
            Company.  Payment of a  director's  fee shall not be  sufficient  to
            constitute employment by the Company.

           The Company shall not grant an Incentive  Stock Option under the Plan
to any employee if such Grant would result in such employee holding the right to
exercise for the first time in any one calendar year,  under all Incentive Stock
Options granted under the Plan or any other plan maintained by the Company, with
respect to shares of Stock having an aggregate fair market value,  determined as
of the date of the  Option  is  granted,  in excess  of  $100,000.  Should it be

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determined  that an Incentive  Stock Option  granted under the Plan exceeds such
maximum  for any  reason  other  than a failure in good faith to value the Stock
subject to such option,  the excess portion of such option shall be considered a
Nonstatutory  Option.  To the  extent  the  employee  holds two (2) or more such
Options which become  exercisable  for the first time in the same calendar year,
the foregoing limitation on the exercisability of such Option as Incentive Stock
Options under the Federal tax laws shall be applied on the basis of the order in
which such Options are granted.  If, for any reason,  an entire  Option does not
qualify as an Incentive  Stock Option by reason of exceeding such maximum,  such
Option shall be considered a Nonstatutory Option.

      (c)   Nonstatutory  Option:  The provisions of the foregoing  Section 3(b)
            shall not apply to any Option designated as a "NONSTATUTORY  OPTION"
            or which sets forth the  intention of the parties that the Option be
            a Nonstatutory Option.

      (d)   Stock Awards and Restricted Stock Purchase Offers: The provisions of
            this  Section 3 shall not  apply to any  Stock  Award or  Restricted
            Stock Purchase Offer under the Plan.

4.    Stock.

      (a)   Authorized Stock:  Stock subject to Grants may be either unissued or
            reacquired Stock.

      (b)   Number of Shares:  Subject to adjustment as provided in Section 5(i)
            of the  Plan,  the total  number  of  shares  of Stock  which may be
            purchased or granted directly by Options, Stock Awards or Restricted
            Stock Purchase Offers, or purchased  indirectly  through exercise of
            Options  granted  under  the Plan  shall  not  exceed  Five  Million
            (5,000,000).  If any Grant shall for any reason terminate or expire,
            any shares  allocated  thereto but remaining  unpurchased  upon such
            expiration or  termination  shall again be available for Grants with
            respect  thereto  under the Plan as  though no Grant had  previously
            occurred  with  respect to such  shares.  Any shares of Stock issued
            pursuant to a Grant and  repurchased  pursuant to the terms  thereof
            shall be  available  for  future  Grants  as though  not  previously
            covered by a Grant.

      (c)   Reservation of Shares:  The Company shall reserve and keep available
            at all times  during  the term of the Plan such  number of shares as
            shall be sufficient  to satisfy the  requirements  of the Plan.  If,
            after  reasonable  efforts,  which  efforts  shall not  include  the
            registration  of the Plan or Grants  under the  Securities  Act, the
            Company is unable to obtain authority from any applicable regulatory
            body,  which  authorization is deemed necessary by legal counsel for
            the Company for the lawful issuance of shares hereunder, the Company
            shall be relieved of any  liability  with  respect to its failure to
            issue and sell the shares for which such requisite  authority was so
            deemed necessary unless and until such authority is obtained.

      (d)   Application of Funds: The proceeds  received by the Company from the
            sale of Stock  pursuant to the  exercise of Options or rights  under
            Stock  Purchase  Agreements  will  be  used  for  general  corporate
            purposes.

      (e)   No Obligation  to Exercise:  The issuance of a Grant shall impose no
            obligation  upon the  Participant  to exercise any rights under such
            Grant.

5.    Terms and  Conditions  of  Options.  Options  granted  hereunder  shall be
      evidenced by agreements between the Company and the respective  Optionees,
      in such form and  substance as the Board or  Committee  shall from time to
      time approve. The form of Incentive Stock Option Agreement attached hereto
      as Exhibit A and the three forms of a Nonstatutory  Stock Option Agreement
      for  employees,  for directors  and for  consultants,  attached  hereto as
      Exhibit B-1, Exhibit B-2 and Exhibit B-3, respectively, shall be deemed to
      be approved by the Board. Option agreements need not be identical,  and in
      each  case may  include  such  provisions  as the Board or  Committee  may
      determine,  but all such agreements shall be subject to and limited by the
      following terms and conditions:

      (a)   Number of Shares:  Each  Option  shall state the number of shares to
            which it pertains.

      (b)   Exercise Price:  Each Option shall state the exercise  price,  which
            shall be determined as follows:

            (i)   Any Incentive Stock Option granted to a person who at the time
                  the Option is granted  owns (or is deemed to own  pursuant  to

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                  Section  424(d) of the Code)  stock  possessing  more than ten
                  percent (10%) of the total  combined  voting power or value of
                  all classes of stock of the  Company  ("TEN  PERCENT  HOLDER")
                  shall have an exercise  price of no less than 110% of the Fair
                  Market Value of the Stock as of the date of grant; and

            (ii)  Incentive  Stock  Options  granted to a person who at the time
                  the Option is granted is not a Ten Percent  Holder  shall have
                  an  exercise  price of no less  than  100% of the Fair  Market
                  Value of the Stock as of the date of grant.

                     For the  purposes  of this  Section  5(b),  the Fair Market
Value shall be as  determined  by the Board in good faith,  which  determination
shall be conclusive  and binding;  provided  however,  that if there is a public
market for such Stock,  the Fair Market  Value per share shall be the average of
the bid and asked  prices (or the  closing  price if such stock is listed on the
NASDAQ National Market System or Small Cap Issue Market) on the date of grant of
the Option, or if listed on a stock exchange, the closing price on such exchange
on such date of grant.

      (c)   Medium  and  Time  of  Payment:  The  exercise  price  shall  become
            immediately  due upon  exercise  of the  Option and shall be paid in
            cash or check made  payable  to the  Company.  Should the  Company's
            outstanding  Stock be registered under Section 12(g) of the Exchange
            Act at the time the Option is exercised, then the exercise price may
            also be paid as follows:

            (i)   in  shares of Stock  held by the  Optionee  for the  requisite
                  period  necessary to avoid a charge to the Company's  earnings
                  for  financial  reporting  purposes  and valued at Fair Market
                  Value on the exercise date, or

            (ii)  through a special sale and  remittance  procedure  pursuant to
                  which the  Optionee  shall  concurrently  provide  irrevocable
                  written  instructions  (a) to a Company  designated  brokerage
                  firm to effect the immediate sale of the purchased  shares and
                  remit to the Company,  out of the sale  proceeds  available on
                  the settlement  date,  sufficient funds to cover the aggregate
                  exercise  price  payable  for the  purchased  shares  plus all
                  applicable  Federal,  state and local  income  and  employment
                  taxes required to be withheld by the Company by reason of such
                  purchase  and (b) to the Company to deliver  the  certificates
                  for the purchased  shares  directly to such  brokerage firm in
                  order to complete the sale transaction.

                     At the discretion of the Board,  exercisable  either at the
time of Option grant or of Option exercise,  the exercise price may also be paid
(i)  by  Optionee's  delivery  of  a  promissory  note  in  form  and  substance
satisfactory  to the Company and permissible  under the Securities  Rules of the
State of Delaware and bearing  interest at a rate determined by the Board in its
sole discretion, but in no event less than the minimum rate of interest required
to avoid the imputation of compensation income to the Optionee under the Federal
tax laws, or (ii) in such other form of consideration  permitted by the Delaware
corporations law as may be acceptable to the Board.

      (d)   Term and Exercise of Options:  Any Option  granted to an employee of
            the Company shall become exercisable over a period of no longer than
            five (5) years,  and no less than twenty percent (20%) of the shares
            covered thereby shall become exercisable  annually.  No Option shall
            be exercisable,  in whole or in part, prior to one (1) year from the
            date it is granted  unless the Board  shall  specifically  determine
            otherwise,  as  provided  herein.  In no event  shall any  Option be
            exercisable  after the expiration of ten (10) years from the date it
            is granted,  and no Incentive  Stock Option granted to a Ten Percent
            Holder shall, by its terms,  be exercisable  after the expiration of
            five  (5)  years  from  the  date of the  Option.  Unless  otherwise
            specified  by  the  Board  or  the   Committee  in  the   resolution
            authorizing  such  Option,  the date of grant of an Option  shall be
            deemed  to be the  date  upon  which  the  Board  or  the  Committee
            authorizes the granting of such Option.

                Each Option shall be exercisable to the nearest whole share,  in
            installments or otherwise,  as the respective  Option agreements may
            provide.  During the  lifetime of an  Optionee,  the Option shall be
            exercisable  only by the  Optionee  and shall not be  assignable  or
            transferable by the Optionee,  and no other person shall acquire any
            rights therein.  To the extent not exercised,  installments (if more
            than one) shall accumulate, but shall be exercisable, in whole or in

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            part,  only  during the period for  exercise as stated in the Option
            agreement, whether or not other installments are then exercisable.

      (e)   Termination  of Status  as  Employee,  Consultant  or  Director:  If
            Optionee's  status as an  employee  shall  terminate  for any reason
            other than Optionee's  disability or death, then Optionee (or if the
            Optionee  shall die after such  termination,  but prior to exercise,
            Optionee's personal representative or the person entitled to succeed
            to the Option)  shall have the right to exercise the portions of any
            of Optionee's  Incentive Stock Options which were  exercisable as of
            the date of such termination,  in whole or in part, not less than 30
            days nor more than three (3) months after such  termination  (or, in
            the event of "termination for good cause" as that term is defined in
            Delaware  case law related  thereto,  or by the terms of the Plan or
            the Option  Agreement or an employment  agreement,  the Option shall
            automatically  terminate as of the  termination  of employment as to
            all shares covered by the Option).

                     With respect to Nonstatutory  Options granted to employees,
            directors  or  consultants,  the Board may  specify  such period for
            exercise,  not  less  than  30  days  (except  that  in the  case of
            "termination  for cause" or removal of a director,  the Option shall
            automatically  terminate  as of the  termination  of  employment  or
            services as to shares covered by the Option,  following  termination
            of  employment  or  services  as  the  Board  deems  reasonable  and
            appropriate.  The  Option  may be  exercised  only with  respect  to
            installments  that the Optionee  could have exercised at the date of
            termination of employment or services.  Nothing  contained herein or
            in any Option granted  pursuant  hereto shall be construed to affect
            or  restrict in any way the right of the  Company to  terminate  the
            employment or services of an Optionee with or without cause.

      (f)   Disability  of  Optionee:  If an Optionee  is  disabled  (within the
            meaning of Section 22(e)(3) of the Code) at the time of termination,
            the three (3) month  period  set forth in  Section  5(e)  shall be a
            period,  as determined by the Board and set forth in the Option,  of
            not  less  than  six  months  nor more  than  one  year  after  such
            termination.

      (g)   Death of Optionee: If an Optionee dies while employed by, engaged as
            a  consultant  to, or  serving  as a Director  of the  Company,  the
            portion of such Optionee's  Option which was exercisable at the date
            of death may be exercised, in whole or in part, by the estate of the
            decedent or by a person  succeeding  to the right to  exercise  such
            Option at any time within (i) a period,  as  determined by the Board
            and set forth in the  Option,  of not less than six (6)  months  nor
            more than one (1) year after  Optionee's  death,  which period shall
            not be more, in the case of a Nonstatutory  Option,  than the period
            for exercise  following  termination  of employment or services,  or
            (ii)  during the  remaining  term of the  Option,  whichever  is the
            lesser.  The  Option  may  be so  exercised  only  with  respect  to
            installments  exercisable  at the time of  Optionee's  death and not
            previously exercised by the Optionee.

      (h)   Nontransferability of Option: No Option shall be transferable by the
            Optionee, except by will or by the laws of descent and distribution.

      (i)   Recapitalization:  Subject to any required  action of  shareholders,
            the number of shares of Stock  covered by each  outstanding  Option,
            and the  exercise  price  per share  thereof  set forth in each such
            Option,  shall  be  proportionately  adjusted  for any  increase  or
            decrease  in the  number  of issued  shares of Stock of the  Company
            resulting  from  a  stock  split,   stock   dividend,   combination,
            subdivision or reclassification of shares, or the payment of a stock
            dividend,  or any other  increase  or decrease in the number of such
            shares  affected  without receipt of  consideration  by the Company;
            provided,  however, the conversion of any convertible  securities of
            the  Company  shall not be deemed  to have  been  "effected  without
            receipt of consideration" by the Company.

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                In the event of a proposed  dissolution  or  liquidation  of the
            Company,  a merger or  consolidation in which the Company is not the
            surviving  entity,  or a sale  of all  or  substantially  all of the
            assets  or   capital   stock  of  the   Company   (collectively,   a
            "REORGANIZATION"),  unless  otherwise  provided  by the Board,  this
            Option  shall  terminate  immediately  prior  to  such  date  as  is
            determined  by the  Board,  which  date  shall be no later  than the
            consummation  of such  Reorganization.  In such event, if the entity
            which shall be the  surviving  entity does not tender to Optionee an
            offer,  for which it has no obligation  to do so, to substitute  for
            any  unexercised  Option a stock  option  or  capital  stock of such
            surviving  of such  surviving  entity,  as  applicable,  which on an
            equitable  basis shall provide the Optionee with  substantially  the
            same economic benefit as such unexercised Option, then the Board may
            grant to such  Optionee,  in its sole and  absolute  discretion  and
            without  obligation,  the right for a period  commencing thirty (30)
            days prior to and ending immediately prior to the date determined by
            the Board  pursuant  hereto for  termination of the Option or during
            the  remaining  term of the  Option,  whichever  is the  lesser,  to
            exercise  any  unexpired  Option or  Options  without  regard to the
            installment provisions of Paragraph 6(d) of the Plan; provided, that
            any  such  right  granted  shall be  granted  to all  Optionees  not
            receiving  an offer to receive  substitute  options on a  consistent
            basis, and provided further, that any such exercise shall be subject
            to the consummation of such Reorganization.

                     Subject  to any  required  action of  shareholders,  if the
            Company   shall  be  the   surviving   entity   in  any   merger  or
            consolidation,  each outstanding  Option thereafter shall pertain to
            and  apply to the  securities  to which a holder  of shares of Stock
            equal to the shares  subject to the Option would have been  entitled
            by reason of such merger or consolidation.

                     In the  event of a change in the  Stock of the  Company  as
            presently  constituted,  which is  limited to a change of all of its
            authorized  shares  without par value into the same number of shares
            with a par value, the shares resulting from any such change shall be
            deemed to be the Stock within the meaning of the Plan.

                     To the  extent  that the  foregoing  adjustments  relate to
            stock or securities of the Company,  such adjustments  shall be made
            by the Board,  whose  determination  in that respect shall be final,
            binding and conclusive. Except as expressly provided in this Section
            5(i), the Optionee shall have no rights by reason of any subdivision
            or  consolidation  of shares of stock of any class or the payment of
            any stock  dividend or any other  increase or decrease in the number
            of shares of stock of any  class,  and the number or price of shares
            of Stock  subject to any  Option  shall not be  affected  by, and no
            adjustment shall be made by reason of, any dissolution, liquidation,
            merger,  consolidation  or sale of assets or capital  stock,  or any
            issue by the  Company of shares of stock of any class or  securities
            convertible into shares of stock of any class.

                     The  Grant of an  Option  pursuant  to the Plan  shall  not
            affect  in any way the  right or power  of the  Company  to make any
            adjustments,  reclassifications,  reorganizations  or changes in its
            capital or business structure or to merge, consolidate, dissolve, or
            liquidate  or to sell or transfer all or any part of its business or
            assets.

      (j)   Rights  as a  Shareholder:  An  Optionee  shall  have no rights as a
            shareholder  with  respect to any shares  covered by an Option until
            the effective date of the issuance of the shares following  exercise
            of such  Option  by  Optionee.  No  adjustment  shall  be  made  for

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            dividends (ordinary or extraordinary, whether in cash, securities or
            other  property)  or  distributions  or other  rights  for which the
            record date is prior to the date such stock  certificate  is issued,
            except as expressly provided in Section 5(i) hereof.

      (k)   Modification,  Acceleration,  Extension,  and  Renewal  of  Options:
            Subject to the terms and  conditions  and within the  limitations of
            the Plan,  the Board may  modify an  Option,  or,  once an Option is
            exercisable,  accelerate the rate at which it may be exercised,  and
            may extend or renew  outstanding  Options  granted under the Plan or
            accept  the  surrender  of  outstanding  Options  (to the extent not
            theretofore  exercised) and authorize the granting of new Options in
            substitution  for such Options,  provided such action is permissible
            under  Section 422 of the Code and the  Delaware  Securities  Rules.
            Notwithstanding  the  provisions of this Section 5(k),  however,  no
            modification  of  an  Option  shall,  without  the  consent  of  the
            Optionee,  alter to the Optionee's detriment or impair any rights or
            obligations under any Option theretofore granted under the Plan.

      (l)   Exercise Before  Exercise Date: At the discretion of the Board,  the
            Option may, but need not,  include a provision  whereby the Optionee
            may elect to exercise  all or any portion of the Option prior to the
            stated exercise date of the Option or any installment  thereof.  Any
            shares so  purchased  prior to the  stated  exercise  date  shall be
            subject to repurchase by the Company upon  termination of Optionee's
            employment  as  contemplated  by Section  5(n)  hereof  prior to the
            exercise date stated in the Option and such other  restrictions  and
            conditions as the Board or Committee may deem advisable.

      (m)   Other Provisions:  The Option  agreements  authorized under the Plan
            shall contain such other provisions,  including, without limitation,
            restrictions  upon the exercise of the Options,  as the Board or the
            Committee shall deem advisable.  Shares shall not be issued pursuant
            to the exercise of an Option,  if the exercise of such Option or the
            issuance of shares thereunder would violate, in the opinion of legal
            counsel for the Company, the provisions of any applicable law or the
            rules   or   regulations   of   any   applicable   governmental   or
            administrative agency or body, such as the Code, the Securities Act,
            the  Exchange   Act,  the  Delaware   Securities   Rules,   Delaware
            corporation  law, and the rules  promulgated  under the foregoing or
            the rules and  regulations  of any exchange upon which the shares of
            the Company are  listed.  Without  limiting  the  generality  of the
            foregoing,  the  exercise  of each  Option  shall be  subject to the
            condition  that if at any time the Company shall  determine that (i)
            the satisfaction of withholding tax or other similar liabilities, or
            (ii)  the  listing,  registration  or  qualification  of any  shares
            covered by such exercise upon any  securities  exchange or under any
            state or  federal  law,  or (iii) the  consent  or  approval  of any
            regulatory  body, or (iv) the  perfection of any exemption  from any
            such withholding, listing, registration,  qualification,  consent or
            approval is necessary or desirable in connection  with such exercise
            or the issuance of shares  thereunder,  then in any such event, such
            exercise  shall not be effective  unless such  withholding,  listing
            registration,  qualification,  consent,  approval or exemption shall
            have been effected, obtained or perfected free of any conditions not
            acceptable to the Company.

      (n)   Repurchase Agreement: The Board may, in its discretion, require as a
            condition  to the Grant of an  Option  hereunder,  that an  Optionee
            execute  an  agreement  with  the  Company,  in form  and  substance
            satisfactory   to  the   Board   in  its   discretion   ("REPURCHASE
            AGREEMENT"), (i) restricting the Optionee's right to transfer shares
            purchased  under such Option  without first  offering such shares to
            the  Company or another  shareholder  of the  Company  upon the same
            terms and  conditions as provided  therein;  and (ii) providing that
            upon termination of Optionee's  employment with the Company, for any
            reason,  the Company  (or another  shareholder  of the  Company,  as
            provided in the  Repurchase  Agreement)  shall have the right at its
            discretion  (or  the  discretion  of  such  other  shareholders)  to
            purchase  and/or redeem all such shares owned by the Optionee on the
            date of  termination  of his or her  employment at a price equal to:
            (A) the fair value of such shares as of such date of termination; or
            (B) if such  repurchase  right lapses at 20% of the number of shares
            per year, the original purchase price of such shares, and upon terms
            of payment permissible under the Delaware securities rules; provided
            that in the case of Options  or Stock  Awards  granted to  officers,
            directors, consultants or affiliates of the Company, such repurchase
            provisions may be subject to additional or greater  restrictions  as
            determined by the Board or Committee.

6.    Stock Awards and Restricted Stock Purchase Offers.

                                      -7-
<PAGE>

      (a)   Types of Grants.

            (i)   Stock Award. All or part of any Stock Award under the Plan may
                  be  subject  to  conditions  established  by the  Board or the
                  Committee,  and set forth in the Stock Award Agreement,  which
                  may include,  but are not limited to, continuous  service with
                  the  Company,  achievement  of specific  business  objectives,
                  increases in  specified  indices,  attaining  growth rates and
                  other  comparable  measurements of Company  performance.  Such
                  Awards may be based on Fair  Market  Value or other  specified
                  valuation.  All  Stock  Awards  will be made  pursuant  to the
                  execution of a Stock Award Agreement substantially in the form
                  attached hereto as Exhibit C.

            (ii)  Restricted Stock Purchase Offer. A Grant of a Restricted Stock
                  Purchase  Offer  under the Plan  shall be  subject to such (i)
                  vesting contingencies  related to the Participant's  continued
                  association  with the Company  for a  specified  time and (ii)
                  other  specified  conditions  as the Board or Committee  shall
                  determine,  in  their  sole  discretion,  consistent  with the
                  provisions of the Plan. All Restricted  Stock Purchase  Offers
                  shall be made pursuant to a Restricted  Stock  Purchase  Offer
                  substantially in the form attached hereto as Exhibit D.

      (b)   Conditions and Restrictions.  Shares of Stock which Participants may
            receive as a Stock Award under a Stock Award Agreement or Restricted
            Stock  Purchase  Offer under a Restricted  Stock  Purchase Offer may
            include such restrictions as the Board or Committee,  as applicable,
            shall  determine,  including  restrictions  on transfer,  repurchase
            rights,  right of first  refusal,  and forfeiture  provisions.  When
            transfer  of  Stock  is  so  restricted  or  subject  to  forfeiture
            provisions it is referred to as "RESTRICTED  Stock".  Further,  with
            Board or  Committee  approval,  Stock  Awards  or  Restricted  Stock
            Purchase Offers may be deferred,  either in the form of installments
            or a future lump sum distribution. The Board or Committee may permit
            selected  Participants  to  elect to  defer  distributions  of Stock
            Awards  or  Restricted  Stock  Purchase  Offers in  accordance  with
            procedures established by the Board or Committee to assure that such
            deferrals comply with applicable requirements of the Code including,
            at the  choice  of  Participants,  the  capability  to make  further
            deferrals   for   distribution   after   retirement.   Any  deferred
            distribution, whether elected by the Participant or specified by the
            Stock Award  Agreement,  Restricted  Stock Purchase Offers or by the
            Board  or  Committee,  may  require  the  payment  be  forfeited  in
            accordance  with  the  provisions  of  Section  6(c).  Dividends  or
            dividend  equivalent  rights may be extended to and made part of any
            Stock Award or Restricted Stock Purchase Offers denominated in Stock
            or  units  of  Stock,   subject  to  such  terms,   conditions   and
            restrictions as the Board or Committee may establish.

      (c)   Cancellation  and  Rescission  of  Grants.  Unless  the Stock  Award
            Agreement or Restricted  Stock Purchase Offer  specifies  otherwise,
            the Board or Committee,  as  applicable,  may cancel any  unexpired,
            unpaid,  or deferred Grants at any time if the Participant is not in
            compliance with all other  applicable  provisions of the Stock Award
            Agreement or Restricted  Stock Purchase Offer, the Plan and with the
            following conditions:

            (i)   A Participant  shall not render services for any  organization
                  or engage directly or indirectly in any business which, in the
                  judgment  of the chief  executive  officer  of the  Company or
                  other senior officer designated by the Board or Committee,  is
                  or becomes competitive with the Company, or which organization
                  or business, or the rendering of services to such organization
                  or  business,  is or becomes  otherwise  prejudicial  to or in
                  conflict with the interests of the Company.  For  Participants
                  whose  employment  has  terminated,  the judgment of the chief
                  executive officer shall be based on the Participant's position
                  and  responsibilities  while  employed  by  the  Company,  the
                  Participant's  post-employment  responsibilities  and position
                  with the other  organization or business,  the extent of past,
                  current and  potential  competition  or  conflict  between the
                  Company and the other organization or business,  the effect on
                  the Company's  customers,  suppliers and  competitors and such
                  other   considerations   as  are  deemed  relevant  given  the
                  applicable  facts and  circumstances.  A  Participant  who has
                  retired shall be free,  however,  to purchase as an investment
                  or otherwise,  stock or other securities of such  organization
                  or  business  so long as they  are  listed  upon a  recognized
                  securities  exchange  or  traded  over-the-counter,  and  such
                  investment does not represent a substantial  investment to the
                  Participant  or  a  greater  than  ten  percent  (10%)  equity
                  interest in the organization or business.

            (ii)  A Participant  shall not, without prior written  authorization
                  from the Company,  disclose to anyone outside the Company,  or

                                      -8-
<PAGE>

                  use in other than the  Company's  business,  any  confidential
                  information   or  material,   as  defined  in  the   Company's
                  Proprietary  Information  and  Invention  Agreement or similar
                  agreement regarding confidential  information and intellectual
                  property, relating to the business of the Company, acquired by
                  the  Participant  either during or after  employment  with the
                  Company.

            (iii) A   Participant,   pursuant  to  the   Company's   Proprietary
                  Information and Invention  Agreement,  shall disclose promptly
                  and assign to the Company all right, title and interest in any
                  invention or idea, patentable or not, made or conceived by the
                  Participant during employment by the Company,  relating in any
                  manner to the  actual or  anticipated  business,  research  or
                  development   work  of  the  Company  and  shall  do  anything
                  reasonably  necessary to enable the Company to secure a patent
                  where   appropriate  in  the  United  States  and  in  foreign
                  countries.

            (iv)  Upon exercise,  payment or delivery  pursuant to a Grant,  the
                  Participant   shall  certify  on  a  form  acceptable  to  the
                  Committee  that he or she is in compliance  with the terms and
                  conditions  of the Plan.  Failure  to  comply  with all of the
                  provisions  of this  Section  6(c) prior to, or during the six
                  months after, any exercise,  payment or delivery pursuant to a
                  Grant  shall  cause such  exercise,  payment or delivery to be
                  rescinded. The Company shall notify the Participant in writing
                  of any such  rescission  within two years after such exercise,
                  payment or delivery.  Within ten days after  receiving  such a
                  notice  from the  Company,  the  Participant  shall pay to the
                  Company the amount of any gain realized or payment received as
                  a  result  of the  rescinded  exercise,  payment  or  delivery
                  pursuant to a Grant. Such payment shall be made either in cash
                  or by  returning  to the Company the number of shares of Stock
                  that the Participant received in connection with the rescinded
                  exercise, payment or delivery.

      (d)   Nonassignability.

            (i)   Except  pursuant to Section  6(e)(iii) and except as set forth
                  in Section  6(d)(ii),  no Grant or any other benefit under the
                  Plan shall be  assignable  or  transferable,  or payable to or
                  exercisable  by, anyone other than the  Participant to whom it
                  was granted.

            (ii)  Where a Participant  terminates employment and retains a Grant
                  pursuant  to  Section  6(e)(ii)  in order to assume a position
                  with a  governmental,  charitable or educational  institution,
                  the Board or Committee,  in its  discretion  and to the extent
                  permitted by law, may authorize a third party  (including  but
                  not limited to the trustee of a "blind" trust),  acceptable to
                  the applicable governmental or institutional authorities,  the
                  Participant  and the Board or  Committee,  to act on behalf of
                  the Participant with regard to such Awards.

      (e)   Termination  of  Employment.  If the  employment  or  service to the
            Company of a Participant  terminates,  other than pursuant to any of
            the following  provisions  under this Section 6(e), all unexercised,
            deferred and unpaid Stock Awards or Restricted Stock Purchase Offers
            shall be cancelled immediately,  unless the Stock Award Agreement or
            Restricted Stock Purchase Offer provides otherwise:

            (i)   Retirement   Under  a   Company   Retirement   Plan.   When  a
                  Participant's  employment terminates as a result of retirement
                  in accordance with the terms of a Company retirement plan, the
                  Board or Committee may permit Stock Awards or Restricted Stock
                  Purchase  Offers  to  continue  in effect  beyond  the date of
                  retirement in accordance  with the applicable  Grant Agreement
                  and the  exercisability  and vesting of any such Grants may be
                  accelerated.

            (ii)  Rights  in  the  Best   Interests  of  the  Company.   When  a
                  Participant  resigns  from the Company and, in the judgment of
                  the Board or Committee,  the acceleration  and/or continuation
                  of  outstanding  Stock  Awards or  Restricted  Stock  Purchase
                  Offers  would be in the best  interests  of the  Company,  the
                  Board or Committee may (i) authorize,  where appropriate,  the
                  acceleration  and/or continuation of all or any part of Grants
                  issued prior to such termination and (ii) permit the exercise,
                  vesting  and  payment of such Grants for such period as may be
                  set  forth  in the  applicable  Grant  Agreement,  subject  to
                  earlier cancellation  pursuant to Section 9 or at such time as
                  the Board or Committee  shall deem the  continuation of all or
                  any part of the Participant's  Grants are not in the Company's
                  best interest.

                                      -9-
<PAGE>

            (iii) Death or Disability of a Participant.

                  (1)   In the event of a Participant's death, the Participant's
                        estate or  beneficiaries  shall  have a period up to the
                        expiration date specified in the Grant Agreement  within
                        which to receive or exercise any outstanding  Grant held
                        by the Participant  under such terms as may be specified
                        in the applicable  Grant  Agreement.  Rights to any such
                        outstanding  Grants  shall  pass by will or the  laws of
                        descent and  distribution in the following order: (a) to
                        beneficiaries so designated by the Participant; if none,
                        then (b) to a legal  representative  of the Participant;
                        if none,  then (c) to the  persons  entitled  thereto as
                        determined by a court of competent jurisdiction.  Grants
                        so  passing  shall  be made at  such  times  and in such
                        manner as if the Participant were living.

                  (2)   In the  event a  Participant  is  deemed by the Board or
                        Committee  to be  unable  to  perform  his or her  usual
                        duties by reason of mental disorder or medical condition
                        which does not result  from facts which would be grounds
                        for termination for cause, Grants and rights to any such
                        Grants may be paid to or exercised  by the  Participant,
                        if legally  competent,  or a committee or other  legally
                        designated guardian or representative if the Participant
                        is legally incompetent by virtue of such disability.

                  (3)   After  the death or  disability  of a  Participant,  the
                        Board or  Committee  may in its sole  discretion  at any
                        time (1) terminate restrictions in Grant Agreements; (2)
                        accelerate any or all installments  and rights;  and (3)
                        instruct the Company to pay the total of any accelerated
                        payments  in  a  lump  sum  to  the   Participant,   the
                        Participant's  estate,  beneficiaries or representative;
                        notwithstanding that, in the absence of such termination
                        of restrictions or acceleration of payments,  any or all
                        of the  payments  due under the Grant  might  ultimately
                        have become payable to other beneficiaries.

                  (4)   In the event of uncertainty as to  interpretation  of or
                        controversies    concerning    this   Section   6,   the
                        determinations of the Board or Committee, as applicable,
                        shall be binding and conclusive.

7.    Investment  Intent.  All Grants  under the Plan are  intended to be exempt
      from   registration   under  the  Securities  Act  provided  by  Rule  701
      thereunder.  Unless and until the granting of Options or sale and issuance
      of Stock subject to the Plan are  registered  under the  Securities Act or
      shall be exempt pursuant to the rules promulgated  thereunder,  each Grant
      under the Plan shall provide that the purchases or other  acquisitions  of
      Stock thereunder shall be for investment  purposes and not with a view to,
      or for resale in  connection  with,  any  distribution  thereof.  Further,
      unless the issuance and sale of the Stock have been  registered  under the
      Securities Act, each Grant shall provide that no shares shall be purchased
      upon the  exercise of the rights under such Grant unless and until (i) all
      then  applicable  requirements  of state and federal  laws and  regulatory
      agencies  shall have been fully complied with to the  satisfaction  of the
      Company and its  counsel,  and (ii) if  requested to do so by the Company,
      the person  exercising  the rights  under the Grant shall (i) give written
      assurances  as  to  knowledge   and   experience  of  such  person  (or  a
      representative  employed by such person) in financial and business matters
      and the ability of such person (or  representative) to evaluate the merits
      and risks of  exercising  the Option,  and (ii) execute and deliver to the
      Company a letter of  investment  intent  and/or such other form related to
      applicable exemptions from registration, all in such form and substance as
      the Company may require.  If shares are issued upon exercise of any rights
      under a Grant without  registration  under the Securities Act,  subsequent
      registration  of such shares shall  relieve the  purchaser  thereof of any
      investment  restrictions or representations made upon the exercise of such
      rights.

8.    Amendment,  Modification,  Suspension or  Discontinuance  of the Plan. The
      Board may, insofar as permitted by law, from time to time, with respect to
      any  shares at the time not  subject  to  outstanding  Grants,  suspend or
      terminate the Plan or revise or amend it in any respect whatsoever, except
      that without the  approval of the  shareholders  of the  Company,  no such
      revision or amendment  shall (i) increase the number of shares  subject to
      the Plan,  (ii)  decrease the price at which Grants may be granted,  (iii)
      materially increase the benefits to Participants, or (iv) change the class
      of persons eligible to receive Grants under the Plan;  provided,  however,
      no such action shall alter or impair the rights and obligations  under any
      Option,  or Stock Award, or Restricted Stock Purchase Offer outstanding as
      of the  date  thereof  without  the  written  consent  of the  Participant
      thereunder. No Grant may be issued while the Plan is suspended or after it
      is terminated, but the rights and obligations under any Grant issued while
      the Plan is in effect shall not be impaired by suspension  or  termination
      of the Plan.

                                      -10-
<PAGE>

                In the event of any change in the outstanding Stock by reason of
      a stock split, stock dividend,  combination or reclassification of shares,
      recapitalization, merger, or similar event, the Board or the Committee may
      adjust proportionally (a) the number of shares of Stock (i) reserved under
      the Plan,  (ii)  available  for Incentive  Stock Options and  Nonstatutory
      Options and (iii) covered by outstanding  Stock Awards or Restricted Stock
      Purchase Offers;  (b) the Stock prices related to outstanding  Grants; and
      (c) the appropriate Fair Market Value and other price  determinations  for
      such Grants.  In the event of any other change  affecting the Stock or any
      distribution  (other than normal cash dividends) to holders of Stock, such
      adjustments  as may be deemed  equitable  by the  Board or the  Committee,
      including  adjustments to avoid fractional  shares,  shall be made to give
      proper  effect  to  such  event.  In  the  event  of a  corporate  merger,
      consolidation,    acquisition   of   property   or   stock,    separation,
      reorganization  or  liquidation,  the  Board  or the  Committee  shall  be
      authorized  to  issue  or  assume  stock  options,  whether  or  not  in a
      transaction to which Section 424(a) of the Code applies,  and other Grants
      by means of  substitution  of new Grant  Agreements for previously  issued
      Grants or an assumption of previously issued Grants.

9.    Tax  Withholding.  The Company  shall have the right to deduct  applicable
      taxes from any Grant  payment  and  withhold,  at the time of  delivery or
      exercise of Options,  Stock Awards or Restricted  Stock Purchase Offers or
      vesting of shares under such Grants,  an appropriate  number of shares for
      payment of taxes  required  by law or to take such other  action as may be
      necessary  in the opinion of the Company to satisfy  all  obligations  for
      withholding  of such taxes.  If Stock is used to satisfy tax  withholding,
      such stock  shall be valued  based on the Fair  Market  Value when the tax
      withholding is required to be made.

10.   Availability  of  Information.  During  the  term  of  the  Plan  and  any
      additional  period during which a Grant granted pursuant to the Plan shall
      be  exercisable,  the  Company  shall make  available,  not later than one
      hundred and twenty  (120) days  following  the close of each of its fiscal
      years,  such financial and other  information  regarding the Company as is
      required by the bylaws of the Company and  applicable  law to be furnished
      in an annual report to the shareholders of the Company.

11.   Notice.  Any  written  notice  to  the  Company  required  by  any  of the
      provisions of the Plan shall be addressed to the chief  personnel  officer
      or to the  chief  executive  officer  of the  Company,  and  shall  become
      effective when it is received by the office of the chief personnel officer
      or the chief executive officer.

12.   Indemnification   of  Board.   In  addition   to  such  other   rights  or
      indemnifications  as they may have as directors or  otherwise,  and to the
      extent  allowed  by  applicable  law,  the  members  of the  Board and the
      Committee  shall be  indemnified  by the Company  against  the  reasonable
      expenses,  including attorneys' fees, actually and necessarily incurred in
      connection with the defense of any claim,  action, suit or proceeding,  or
      in connection with any appeal thereof, to which they or any of them may be
      a party by reason of any action  taken,  or  failure  to act,  under or in
      connection with the Plan or any Grant granted thereunder,  and against all
      amounts paid by them in settlement  thereof  (provided such  settlement is
      approved by independent  legal counsel selected by the Company) or paid by
      them in  satisfaction  of a judgment  in any such claim,  action,  suit or
      proceeding, except in any case in relation to matters as to which it shall
      be adjudged in such claim,  action,  suit or proceeding that such Board or
      Committee member is liable for negligence or misconduct in the performance
      of  his or  her  duties;  provided  that  within  sixty  (60)  days  after
      institution  of any such  action,  suit or  Board  proceeding  the  member
      involved shall offer the Company, in writing, the opportunity,  at its own
      expense, to handle and defend the same.

13.   Governing  Law.  The Plan and all  determinations  made and actions  taken
      pursuant hereto,  to the extent not otherwise  governed by the Code or the
      securities laws of the United States,  shall be governed by the law of the
      State of Delaware and construed accordingly.

                                      -11-
<PAGE>

14.   Effective and Termination  Dates.  The Plan shall become  effective on the
      date it is  approved  by the  holders of a majority of the shares of Stock
      then  outstanding.  The Plan shall  terminate ten years later,  subject to
      earlier termination by the Board pursuant to Section 8.

           The foregoing  2004  INCENTIVE  STOCK PLAN  (consisting  of 14 pages,
including  this page) was duly adopted and approved by the Board of Directors on
July 16, 2004 and subject to the approval of the shareholders of the Corporation
on or before July 15, 2005.

                                             ADZONE RESEARCH, INC.,
                                             a Delaware corporation

                                             By:
                                                  --------------------------
                                                  Charles Cardona
                                             Its: Chief Executive Officer

                                      -12-
<PAGE>

EXHIBIT A

                              ADZONE RESEARCH, INC.

INCENTIVE STOCK OPTION AGREEMENT

================================================================================

           THIS  INCENTIVE  STOCK  OPTION  AGREEMENT  ("AGREEMENT")  is made and
entered into as of the date set forth  below,  by and between  ADZONE  RESEARCH,
INC., a Delaware  corporation (the  "COMPANY"),  and the employee of the Company
named in Section 1(b). ("OPTIONEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1.  Option Information.

                     (a) Date of Option:
                                           ---------------------------
                     (b) Optionee:
                                           ---------------------------
                     (c) Number of Shares:
                                           ---------------------------
                     (d) Exercise Price:
                                           ---------------------------

           2.  Acknowledgements.

                     (a) Optionee is an employee of the Company.

                     (b) The Board of Directors  (the  "BOARD"  which term shall
           include  an  authorized  committee  of the  Board of  Directors)  and
           shareholders of the Company have heretofore  adopted a 2004 INCENTIVE
           STOCK  PLAN (the  "PLAN"),  pursuant  to which  this  Option is being
           granted.

                     (c) The Board has authorized the granting to Optionee of an
           incentive  stock option  ("OPTION")  as defined in Section 422 of the
           Internal  Revenue Code of 1986, as amended,  (the "CODE") to purchase
           shares of common  stock of the Company  ("STOCK")  upon the terms and
           conditions  hereinafter  stated and  pursuant  to an  exemption  from
           registration  under  the  Securities  Act of 1933,  as  amended  (the
           "SECURITIES ACT") provided by Rule 701 thereunder.

           3. Shares;  Price. The Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the  "SHARES")  for cash (or
other consideration as is authorized under the Plan and acceptable to the Board,
in their  sole and  absolute  discretion)  at the  price  per Share set forth in
Section 1(d) above (the  "EXERCISE  PRICE"),  such price being not less than the
fair market value per share of the Shares  covered by this Option as of the date
hereof (unless  Optionee is the owner of Stock possessing ten percent or more of
the total voting  power or value of all  outstanding  Stock of the  Company,  in

<PAGE>

which  case the  Exercise  Price  shall be no less than 110% of the fair  market
value of such Stock).

           4. Term of Option;  Continuation  of  Employment.  This Option  shall
expire, and all rights hereunder to purchase the Shares shall terminate five (5)
from the date hereof.  This Option shall earlier terminate subject to Sections 7
and 8  hereof  upon,  and as of the  date  of,  the  termination  of  Optionee's
employment  if such  termination  occurs  prior to the end of such five (5) year
period.  Nothing  contained  herein shall confer upon  Optionee the right to the
continuation  of his or her  employment by the Company or to interfere  with the
right of the Company to terminate such employment or to increase or decrease the
compensation of Optionee from the rate in existence at the date hereof.

           5. Vesting of Option.  Subject to the  provisions of Sections 7 and 8
hereof,  this Option  shall  become  exercisable  during the term of  Optionee's
employment in four (4) equal annual installments of twenty-five percent (25%) of
the Shares  covered by this Option,  the first  installment to be exercisable on
the six (6) month  anniversary of the date of this Option (the "Initial  Vesting
Date"),  with an additional  twenty-five  percent (25%) of such Shares  becoming
exercisable  on each of the three  (3)  successive  twelve  (12)  month  periods
following the Initial Vesting Date. The installments  shall be cumulative (i.e.,
this option may be exercised, as to any or all Shares covered by an installment,
at any  time or  times  after  an  installment  becomes  exercisable  and  until
expiration or termination of this option).

           6.  Exercise.  This  Option  shall be  exercised  by  delivery to the
Company of (a)  written  notice of exercise  stating the number of Shares  being
purchased  (in whole  shares only) and such other  information  set forth on the
form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in
the amount of the  Exercise  Price of the Shares  covered by the notice (or such
other  consideration  as has been approved by the Board of Directors  consistent
with the Plan) and (c) a written  investment  representation  as provided for in
Section 13 hereof.  This Option shall not be assignable or transferable,  except
by will or by the laws of descent  and  distribution,  and shall be  exercisable
only by  Optionee  during his or her  lifetime,  except as provided in Section 8
hereof.

           7. Termination of Employment.  If Optionee shall cease to be employed
by the Company for any reason, whether voluntarily or involuntarily,  other than
by  his  or her  death,  Optionee  (or if the  Optionee  shall  die  after  such
termination, but prior to such exercise date, Optionee's personal representative
or the person  entitled  to succeed to the  Option)  shall have the right at any
time within three (3) months  following  such  termination  of employment or the
remaining term of this Option,  whichever is the lesser, to exercise in whole or
in part this Option to the extent, but only to the extent,  that this Option was
exercisable  as of the date of  termination of employment and had not previously
been  exercised;  provided,  however:  (i) if Optionee is  permanently  disabled
(within the meaning of Section 22(e)(3) of the Code) at the time of termination,
the  foregoing  three (3) month period  shall be extended to six (6) months;  or
(ii) if Optionee  is  terminated  "for cause" as that term is defined  under the
Delaware Labor Code and case law related thereto, or by the terms of the Plan or
this Option  Agreement or by any employment  agreement  between the Optionee and
the Company, this Option shall automatically  terminate as to all Shares covered
by this Option not exercised  prior to termination.  Unless earlier  terminated,
all rights under this Option shall terminate in any event on the expiration date
of this Option as defined in Section 4 hereof.

                                      -2-
<PAGE>

           8. Death of Optionee.  If the Optionee  shall die while in the employ
of the Company,  Optionee's  personal  representative  or the person entitled to
Optionee's rights hereunder may at any time within six (6) months after the date
of Optionee's  death, or during the remaining term of this Option,  whichever is
the lesser,  exercise this Option and purchase Shares to the extent, but only to
the extent,  that Optionee  could have  exercised  this Option as of the date of
Optionee's  death;  provided,  in any case, that this Option may be so exercised
only to the  extent  that this  Option  has not  previously  been  exercised  by
Optionee.

           9. No  Rights  as  Shareholder.  Optionee  shall  have no rights as a
shareholder with respect to the Shares covered by any installment of this Option
until the  effective  date of  issuance  of Shares  following  exercise  of this
Option,  and no adjustment  will be made for dividends or other rights for which
the record date is prior to the date such stock  certificate or certificates are
issued except as provided in Section 10 hereof.

           10.   Recapitalization.   Subject  to  any  required  action  by  the
shareholders  of the Company,  the number of Shares covered by this Option,  and
the Exercise Price thereof,  shall be proportionately  adjusted for any increase
or decrease  in the number of issued  shares  resulting  from a  subdivision  or
consolidation  of  shares  or the  payment  of a stock  dividend,  or any  other
increase or decrease in the number of such shares  effected  without  receipt of
consideration  by the  Company;  provided  however  that the  conversion  of any
convertible  securities of the Company shall not be deemed having been "effected
without receipt of consideration by the Company".

           In the event of a proposed dissolution or liquidation of the Company,
a merger or consolidation in which the Company is not the surviving entity, or a
sale of all or  substantially  all of the assets or capital stock of the Company
(collectively, a "REORGANIZATION"), unless otherwise provided by the Board, this
Option shall  terminate  immediately  prior to such date as is determined by the
Board,   which  date  shall  be  no  later   than  the   consummation   of  such
Reorganization. In such event, if the entity which shall be the surviving entity
does not tender to Optionee an offer,  for which it has no  obligation to do so,
to substitute for any unexercised Option a stock option or capital stock of such
surviving of such surviving entity,  as applicable,  which on an equitable basis
shall provide the Optionee with  substantially the same economic benefit as such
unexercised Option,  then the Board may grant to such Optionee,  in its sole and
absolute  discretion and without  obligation,  the right for a period commencing
thirty (30) days prior to and ending immediately prior to the date determined by
the Board pursuant  hereto for termination of the Option or during the remaining
term of the Option, whichever is the lesser, to exercise any unexpired Option or
Options  without  regard to the  installment  provisions of Section 5; provided,
however,  that  such  exercise  shall be  subject  to the  consummation  of such
Reorganization.

           Subject to any required action by the shareholders of the Company, if
the Company shall be the surviving entity in any merger or  consolidation,  this
Option thereafter shall pertain to and apply to the securities to which a holder
of Shares equal to the Shares subject to this Option would have been entitled by
reason of such  merger  or  consolidation,  and the  installment  provisions  of
Section 5 shall continue to apply.

                                      -3-
<PAGE>

           In the event of a change in the shares of the  Company  as  presently
constituted, which is limited to a change of all of its authorized Stock without
par value into the same  number of shares of Stock with a par value,  the shares
resulting  from any such  change  shall be deemed to be the  Shares  within  the
meaning of this Option.

           To the  extent  that the  foregoing  adjustments  relate to shares or
securities of the Company,  such adjustments  shall be made by the Board,  whose
determination in that respect shall be final, binding and conclusive.  Except as
hereinbefore expressly provided,  Optionee shall have no rights by reason of any
subdivision or  consolidation  of shares of Stock of any class or the payment of
any stock  dividend or any other increase or decrease in the number of shares of
stock of any class,  and the number and price of Shares  subject to this  Option
shall not be  affected  by, and no  adjustments  shall be made by reason of, any
dissolution,  liquidation,  merger,  consolidation  or sale of assets or capital
stock, or any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class.

           The grant of this  Option  shall  not  affect in any way the right or
power of the Company to make adjustments, reclassifications,  reorganizations or
changes in its capital or business structure or to merge, consolidate,  dissolve
or liquidate or to sell or transfer all or any part of its business or assets.

           11.  Additional  Consideration.  Should the Internal  Revenue Service
determine  that the Exercise  Price  established by the Board as the fair market
value per Share is less than the fair  market  value per Share as of the date of
Option grant, Optionee hereby agrees to tender such additional consideration, or
agrees to tender  upon  exercise of all or a portion of this  Option,  such fair
market value per Share as is determined by the Internal Revenue Service.

           12.  Modifications,  Extension  and Renewal of Options.  The Board or
Committee,  as described in the Plan, may modify, extend or renew this Option or
accept the  surrender  thereof  (to the extent not  theretofore  exercised)  and
authorize the granting of a new option in substitution  therefore (to the extent
not theretofore exercised), subject at all times to the Plan, and Section 422 of
the Code.  Notwithstanding  the  foregoing  provisions  of this  Section  12, no
modification shall, without the consent of the Optionee, alter to the Optionee's
detriment or impair any rights of Optionee hereunder.

           13. Investment Intent; Restrictions on Transfer.

                     (a)  Optionee   represents  and  agrees  that  if  Optionee
           exercises this Option in whole or in part, Optionee will in each case
           acquire the Shares upon such  exercise for the purpose of  investment
           and not  with a view  to,  or for  resale  in  connection  with,  any
           distribution  thereof;  and that upon such exercise of this Option in
           whole or in part,  Optionee  (or any  person or persons  entitled  to
           exercise this Option under the provisions of Sections 7 and 8 hereof)
           shall  furnish to the  Company a written  statement  to such  effect,
           satisfactory  to the  Company  in form and  substance.  If the Shares
           represented by this Option are registered  under the Securities  Act,
           either  before or after the  exercise  of this  Option in whole or in
           part,  the  Optionee  shall be relieved of the  foregoing  investment
           representation and agreement and shall not be required to furnish the
           Company with the foregoing written statement.

                                      -4-
<PAGE>

                     (b)  Optionee  further  represents  that  Optionee  has had
           access  to the  financial  statements  or books  and  records  of the
           Company,  has had the  opportunity  to ask  questions  of the Company
           concerning its business,  operations and financial condition,  and to
           obtain  additional  information  reasonably  necessary  to verify the
           accuracy of such information.

                     (c) Unless and until the Shares  represented by this Option
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  OR OTHERWISE  QUALIFIED
           UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES  ACT') OR UNDER THE
           APPLICABLE OR SECURITIES LAWS OF ANY STATE.  NEITHER THESE SECURITIES
           NOR  ANY  INTEREST  THEREIN  MAY BE  SOLD,  TRANSFERRED,  PLEDGED  OR
           OTHERWISE  DISPOSED  OF IN THE  ABSENCE  OF  REGISTRATION  UNDER  THE
           SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS
           PURSUANT TO EXEMPTIONS THEREFROM.

           THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT
           TO THAT CERTAIN  INCENTIVE STOCK OPTION AGREEMENT DATED  ____________
           BETWEEN THE COMPANY AND THE ISSUEE  WHICH  RESTRICTS  THE TRANSFER OF
           THESE SHARES  WHICH ARE SUBJECT TO  REPURCHASE  BY THE COMPANY  UNDER
           CERTAIN CONDITIONS.

such other  legend or legends as the Company and its counsel  deem  necessary or
appropriate.  Appropriate stop transfer  instructions with respect to the Shares
have been placed with the Company's transfer agent.

           14. Effects of Early  Disposition.  Optionee  understands  that if an
Optionee  disposes of shares acquired  hereunder  within two (2) years after the
date of this  Option or within one (1) year after the date of  issuance  of such
shares to  Optionee,  such  Optionee  will be treated for income tax purposes as
having  received  ordinary  income at the time of such  disposition of an amount
generally  measured by the  difference  between the purchase  price and the fair
market value of such stock on the date of exercise,  subject to  adjustment  for
any tax previously  paid, in addition to any tax on the  difference  between the
sales price and  Optionee's  adjusted  cost basis in such shares.  The foregoing
amount may be measured  differently  if Optionee is an officer,  director or ten
percent holder of the Company.  Optionee agrees to notify the Company within ten
(10) working days of any such disposition.

           15. Stand-off Agreement.  Optionee agrees that in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the  Company's  securities,  Optionee  shall not sell,  short any sale of, loan,

                                      -5-
<PAGE>

grant an option  for,  or  otherwise  dispose of any of the Shares  (other  than
Shares  included  in the  offering)  without  the prior  written  consent of the
Company or such managing  underwriter,  as applicable,  for a period of at least
one year following the effective date of registration of such offering.

           16.   Restriction  Upon  Transfer.   The  Shares  may  not  be  sold,
transferred  or  otherwise  disposed  of and shall not be pledged  or  otherwise
hypothecated by the Optionee except as hereinafter provided.

                     (a) Repurchase  Right on Termination  Other Than for Cause.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence of one of (i) termination of Optionee's  employment by the
           Company,  voluntary or involuntary  and with or without  cause;  (ii)
           retirement or death of Optionee;  (iii) bankruptcy of Optionee, which
           shall be deemed to have  occurred as of the date on which a voluntary
           or  involuntary  petition  in  bankruptcy  is  filed  with a court of
           competent jurisdiction; (iv) dissolution of the marriage of Optionee,
           to the extent  that any of the Shares are  allocated  as the sole and
           separate  property of Optionee's  spouse  pursuant  thereto (in which
           case this Section shall only apply to the Shares so affected); or (v)
           any  attempted  transfer by the  Optionee of Shares,  or any interest
           therein,  in violation of this  Agreement.  Upon the  occurrence of a
           Repurchase  Event,  the  Company  shall  have the  right  (but not an
           obligation)  to  repurchase  all or any  portion  of  the  Shares  of
           Optionee  at a price  equal to the fair value of the Shares as of the
           date of the Repurchase Event.

                     (b) Repurchase Right on Termination for Cause. In the event
           Optionee's  employment is terminated by the Company "for cause", then
           the  Company  shall  have  the  right  (but  not  an  obligation)  to
           repurchase Shares of Optionee at a price equal to the Exercise Price.
           Such right of the Company to repurchase Shares shall apply to 100% of
           the  Shares  for one (1) year  from the date of this  Agreement;  and
           shall  thereafter  lapse at the rate of twenty  percent  (20%) of the
           Shares  on  each  anniversary  of the  date  of  this  Agreement.  In
           addition, the Company shall have the right, in the sole discretion of
           the Board and without obligation,  to repurchase upon termination for
           cause all or any portion of the Shares of Optionee,  at a price equal
           to the fair value of the Shares as of the date of termination,  which
           right is not subject to the foregoing lapsing of rights. In the event
           the Company elects to repurchase the Shares,  the stock  certificates
           representing  the same shall forthwith be returned to the Company for
           cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  Repurchase  Right
           under  Paragraphs  16(a) or 16(b) shall be exercised by giving notice
           of exercise as provided herein to Optionee or the estate of Optionee,
           as  applicable.  Such right shall be  exercised,  and the  repurchase
           price  thereunder  shall be paid, by the Company within a ninety (90)
           day  period  beginning  on the date of notice to the  Company  of the
           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  of  employment or  retirement,  where such option period
           shall  begin  upon the  occurrence  of the  Repurchase  Event).  Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase money  indebtedness  of the Optionee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the financial tests set forth in Delaware and/or Delaware corporation

                                      -6-
<PAGE>

           law,  the Company  shall have the right to purchase as many Shares as
           it is  permitted  to  purchase  under such  sections.  Any Shares not
           purchased by the Company  hereunder shall no longer be subject to the
           provisions of this Section 16.

                     (d) Right of First Refusal.  In the event Optionee  desires
           to transfer any Shares  during his or her  lifetime,  Optionee  shall
           first  offer to sell  such  Shares  to the  Company.  Optionee  shall
           deliver to the Company  written  notice of the  intended  sale,  such
           notice to  specify  the  number of  Shares to be sold,  the  proposed
           purchase price and terms of payment,  and grant the Company an option
           for a period of  thirty  days  following  receipt  of such  notice to
           purchase the offered  Shares upon the same terms and  conditions.  To
           exercise  such option,  the Company shall give notice of that fact to
           Optionee  within the thirty  (30) day notice  period and agree to pay
           the  purchase  price in the manner  provided  in the  notice.  If the
           Company  does  not  purchase  all of the  Shares  so  offered  during
           foregoing  option  period,  Optionee  shall be under no obligation to
           sell any of the  offered  Shares to the  Company,  but may dispose of
           such Shares in any lawful  manner  during a period of one hundred and
           eighty (180) days  following  the end of such notice  period,  except
           that Optionee shall not sell any such Shares to any other person at a
           lower price or upon more  favorable  terms than those  offered to the
           Company.

           (e)  Acceptance  of  Restrictions.  Acceptance  of the  Shares  shall
           constitute  the  Optionee's  agreement to such  restrictions  and the
           legending of his certificates  with respect thereto.  Notwithstanding
           such restrictions,  however, so long as the Optionee is the holder of
           the Shares,  or any portion thereof,  he shall be entitled to receive
           all  dividends  declared  on and to vote the  Shares and to all other
           rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this Section 16 to the  contrary,  the  Optionee may transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren, or a trust for the benefit of the Optionee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Optionee  herein shall in such cases refer mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 16(a) wherein the permitted  transfer shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Optionee and the Company.

                     (g)   Release  of   Restrictions   on  Shares.   All  other
           restrictions  under this  Section 16 shall  terminate  five (5) years
           following  the  date  of  this  Agreement,   or  when  the  Company's
           securities are publicly traded, whichever occurs earlier.

           17. Notices.  Any notice required to be given pursuant to this Option
or the Plan shall be in writing and shall be deemed to be delivered upon receipt
or, in the case of notices by the  Company,  five (5) days after  deposit in the
U.S. mail,  postage prepaid,  addressed to Optionee at the address last provided
to the Company by Optionee for his or her employee records.

                                      -7-
<PAGE>

           18.  Agreement  Subject to Plan;  Applicable Law. This Option is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Optionee, at no charge, at the principal office of the
Company.  Any  provision  of this  Option  inconsistent  with the Plan  shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Option has been granted,  executed and  delivered in the State of Delaware,  and
the  interpretation  and  enforcement  shall be governed by the laws thereof and
subject to the exclusive jurisdiction of the courts therein.

           IN WITNESS  WHEREOF,  the parties hereto have executed this Option as
of the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

             (ONE OF THE FOLLOWING, AS APPROPRIATE, SHALL BE SIGNED)

I certify that as of the date               By his or her signature, the spouse
hereof I am unmarried                       of Optionee hereby agrees to be
                                            bound by the provisions of the
                                            foregoing INCENTIVE STOCK OPTION
                                            AGREEMENT

--------------------------------            -----------------------------------
           Optionee                                 Spouse of Optionee

                                      -8-
<PAGE>

APPENDIX A

                               NOTICE OF EXERCISE

ADZONE RESEARCH, INC.

           Re: Incentive Stock Option

           Notice is hereby given  pursuant to Section 6 of my  Incentive  Stock
Option  Agreement  that I elect to purchase the number of shares set forth below
at the exercise price set forth in my option agreement:

           Incentive Stock Option Agreement dated: ____________

           Number of shares being purchased: ____________

           Exercise Price: $____________

           A check in the  amount of the  aggregate  price of the  shares  being
purchased is attached.

           I hereby confirm that such shares are being acquired by me for my own
account  for  investment  purposes,  and not with a view to,  or for  resale  in
connection  with,  any  distribution  thereof.  I will not sell or dispose of my
Shares in violation of the Securities Act of 1933, as amended, or any applicable
federal or state securities laws.  Further, I understand that the exemption from
taxable  income at the time of exercise is dependent  upon my holding such stock
for a period of at least one year from the date of  exercise  and two years from
the date of grant of the Option.

           I understand that the certificate representing the Option Shares will
bear a restrictive  legend within the contemplation of the Securities Act and as
required  by such other  state or federal law or  regulation  applicable  to the
issuance or delivery of the Option Shares.

           I agree to  provide  to the  Company  such  additional  documents  or
information as may be required  pursuant to the Company's  2004 INCENTIVE  STOCK
PLAN.

                                          By:
                                              ------------------------
                                              (signature)
                                          Name:
                                                ----------------------

                                   Appendix A

<PAGE>

                                   EXHIBIT B-1

                              ADZONE RESEARCH, INC.

EMPLOYEE NONSTATUTORY STOCK OPTION AGREEMENT

================================================================================

           THIS EMPLOYEE  NONSTATUTORY  STOCK OPTION AGREEMENT  ("AGREEMENT") is
made and entered  into as of the date set forth  below,  by and  between  ADZONE
RESEARCH,  INC.,  a Delaware  corporation  (the  "COMPANY"),  and the  following
employee of the Company ("OPTIONEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1.  Option Information.

                     (a) Date of Option:
                                           ------------------------
                     (b) Optionee:
                                           ------------------------
                     (c) Number of Shares:
                                           ------------------------
                     (d) Exercise Price:
                                           ------------------------

           2.  Acknowledgements.

                     (a) Optionee is an employee of the Company.

                     (b) The Board of Directors  (the  "BOARD"  which term shall
           include  an  authorized  committee  of the  Board of  Directors)  and
           shareholders of the Company have heretofore  adopted a 2004 INCENTIVE
           STOCK  PLAN (the  "PLAN"),  pursuant  to which  this  Option is being
           granted; and

                     (c) The Board has  authorized the granting to Optionee of a
           nonstatutory  stock option  ("OPTION")  to purchase  shares of common
           stock  of  the  Company  ("STOCK")  upon  the  terms  and  conditions
           hereinafter  stated and  pursuant to an exemption  from  registration
           under the Securities Act of 1933, as amended (the  "SECURITIES  ACT")
           provided by Rule 701 thereunder.

           3.  Shares;  Price.  Company  hereby  grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the  "SHARES")  for cash (or
other  consideration as is authorized under the Plan and acceptable to the Board
of Directors of the Company, in their sole and absolute discretion) at the price
per Share set forth in Section  1(d) above (the  "EXERCISE  PRICE"),  such price
being not less than eighty-five percent (85%) of the fair market value per share
of the Shares covered by this Option as of the date hereof.

           4. Term of Option; Continuation of Service. This Option shall expire,
and all rights hereunder to purchase the Shares shall terminate,  five (5) years
from the date hereof.  This Option shall earlier terminate subject to Sections 7
and 8  hereof  upon,  and as of the  date  of,  the  termination  of  Optionee's
employment  if such  termination  occurs  prior to the end of such five (5) year
period.  Nothing  contained  herein shall confer upon  Optionee the right to the

                                       1
<PAGE>

continuation  of his or her  employment by the Company or to interfere  with the
right of the Company to terminate such employment or to increase or decrease the
compensation of Optionee from the rate in existence at the date hereof.

           5. Vesting of Option.  Subject to the  provisions of Sections 7 and 8
hereof,  this Option  shall  become  exercisable  during the term of  Optionee's
employment in five (5) equal annual  installments of twenty percent (20%) of the
Shares  covered by this Option,  the first  installment to be exercisable on the
first anniversary of the date of this Option,  with an additional twenty percent
(20%) of such Shares  becoming  exercisable  on each of the four (4)  successive
anniversary  dates. The installments  shall be cumulative (i.e., this option may
be exercised, as to any or all shares covered by an installment,  at any time or
times  after  an  installment   becomes  exercisable  and  until  expiration  or
termination of this option).

           6.  Exercise.  This  Option  shall be  exercised  by  delivery to the
Company of (a)  written  notice of exercise  stating the number of Shares  being
purchased  (in whole  shares only) and such other  information  set forth on the
form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in
the amount of the  Exercise  Price of the Shares  covered by the notice (or such
other  consideration  as has been approved by the Board of Directors  consistent
with the Plan) and (c) a written  investment  representation  as provided for in
Section 13 hereof.  This Option shall not be assignable or transferable,  except
by will or by the laws of descent  and  distribution,  and shall be  exercisable
only by  Optionee  during his or her  lifetime,  except as provided in Section 8
hereof.

           7. Termination of Employment.  If Optionee shall cease to be employed
by the Company for any reason, whether voluntarily or involuntarily,  other than
by  his  or her  death,  Optionee  (or if the  Optionee  shall  die  after  such
termination, but prior to such exercise date, Optionee's personal representative
or the person  entitled  to succeed to the  Option)  shall have the right at any
time within three (3) months  following  such  termination  of employment or the
remaining term of this Option,  whichever is the lesser, to exercise in whole or
in part this Option to the extent, but only to the extent,  that this Option was
exercisable  as of the date of  termination of employment and had not previously
been  exercised;  provided,  however:  (i) if Optionee is  permanently  disabled
(within the meaning of Section 22(e)(3) of the Code) at the time of termination,
the  foregoing  three (3) month period  shall be extended to six (6) months;  or
(ii) if Optionee  is  terminated  "for cause" as that term is defined  under the
Delaware Labor Code and case law related thereto, or by the terms of the Plan or
this Option  Agreement or by any employment  agreement  between the Optionee and
the Company, this Option shall automatically  terminate as to all Shares covered
by this Option not exercised prior to termination.
           Unless  earlier  terminated,  all  rights  under  this  Option  shall
terminate  in any event on the  expiration  date of this  Option as  defined  in
Section 4 hereof.

           8. Death of Optionee.  If the Optionee  shall die while in the employ
of the Company,  Optionee's  personal  representative  or the person entitled to
Optionee's rights hereunder may at any time within six (6) months after the date
of Optionee's  death, or during the remaining term of this Option,  whichever is
the lesser,  exercise this Option and purchase Shares to the extent, but only to
the extent,  that Optionee  could have  exercised  this Option as of the date of

                                       2
<PAGE>

Optionee's  death;  provided,  in any case, that this Option may be so exercised
only to the  extent  that this  Option  has not  previously  been  exercised  by
Optionee.

           9. No  Rights  as  Shareholder.  Optionee  shall  have no rights as a
shareholder with respect to the Shares covered by any installment of this Option
until the effective  date of issuance of the Shares  following  exercise of this
Option,  and no adjustment  will be made for dividends or other rights for which
the record date is prior to the date such stock  certificate or certificates are
issued except as provided in Section 10 hereof.

           10.   Recapitalization.   Subject  to  any  required  action  by  the
shareholders  of the Company,  the number of Shares covered by this Option,  and
the Exercise Price thereof,  shall be proportionately  adjusted for any increase
or decrease  in the number of issued  shares  resulting  from a  subdivision  or
consolidation  of  shares  or the  payment  of a stock  dividend,  or any  other
increase or decrease in the number of such shares  effected  without  receipt of
consideration  by the  Company;  provided  however  that the  conversion  of any
convertible  securities of the Company shall not be deemed having been "effected
without receipt of consideration by the Company".

           In the event of a proposed dissolution or liquidation of the Company,
a merger or consolidation in which the Company is not the surviving entity, or a
sale of all or  substantially  all of the assets or capital stock of the Company
(collectively, a "REORGANIZATION"), unless otherwise provided by the Board, this
Option shall  terminate  immediately  prior to such date as is determined by the
Board,   which  date  shall  be  no  later   than  the   consummation   of  such
Reorganization. In such event, if the entity which shall be the surviving entity
does not tender to Optionee an offer,  for which it has no  obligation to do so,
to substitute for any unexercised Option a stock option or capital stock of such
surviving of such surviving entity,  as applicable,  which on an equitable basis
shall provide the Optionee with  substantially the same economic benefit as such
unexercised Option,  then the Board may grant to such Optionee,  in its sole and
absolute  discretion and without  obligation,  the right for a period commencing
thirty (30) days prior to and ending immediately prior to the date determined by
the Board pursuant  hereto for termination of the Option or during the remaining
term of the Option, whichever is the lesser, to exercise any unexpired Option or
Options  without  regard to the  installment  provisions of Section 5; provided,
however,  that  such  exercise  shall be  subject  to the  consummation  of such
Reorganization.

           Subject to any required action by the shareholders of the Company, if
the Company shall be the surviving entity in any merger or  consolidation,  this
Option thereafter shall pertain to and apply to the securities to which a holder
of Shares equal to the Shares subject to this Option would have been entitled by
reason of such  merger  or  consolidation,  and the  installment  provisions  of
Section 5 shall continue to apply.

           In the event of a change in the shares of the  Company  as  presently
constituted, which is limited to a change of all of its authorized Stock without
par value into the same  number of shares of Stock with a par value,  the shares
resulting  from any such  change  shall be deemed to be the  Shares  within  the
meaning of this Option.

                                       3
<PAGE>

           To the  extent  that the  foregoing  adjustments  relate to shares or
securities of the Company,  such adjustments  shall be made by the Board,  whose
determination in that respect shall be final, binding and conclusive.  Except as
hereinbefore expressly provided,  Optionee shall have no rights by reason of any
subdivision or  consolidation  of shares of Stock of any class or the payment of
any stock  dividend or any other increase or decrease in the number of shares of
stock of any class,  and the number and price of Shares  subject to this  Option
shall not be  affected  by, and no  adjustments  shall be made by reason of, any
dissolution,  liquidation,  merger,  consolidation  or sale of assets or capital
stock, or any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class.

           The grant of this  Option  shall  not  affect in any way the right or
power of the Company to make adjustments, reclassifications,  reorganizations or
changes in its capital or business structure or to merge, consolidate,  dissolve
or liquidate or to sell or transfer all or any part of its business or assets.

           11. Taxation upon Exercise of Option. Optionee understands that, upon
exercise of this Option,  Optionee will recognize income,  for Federal and state
income tax  purposes,  in an amount equal to the amount by which the fair market
value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by
Optionee to report such income in  accordance  with then  applicable  law and to
cooperate  with  Company  in   establishing   the  amount  of  such  income  and
corresponding deduction to the Company for its income tax purposes.  Withholding
for federal or state income and  employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation,  or, if such current
compensation is insufficient to satisfy  withholding tax liability,  the Company
may  require  Optionee  to make a cash  payment  to cover  such  liability  as a
condition of the exercise of this Option.

           12.  Modification,  Extension  and Renewal of  Options.  The Board or
Committee,  as described in the Plan, may modify, extend or renew this Option or
accept the  surrender  thereof  (to the extent not  theretofore  exercised)  and
authorize the granting of a new option in substitution  therefore (to the extent
not theretofore  exercised),  subject at all times to the Plan, the Code and the
Delaware  Securities  Rules.  Notwithstanding  the foregoing  provisions of this
Section 12, no modification shall, without the consent of the Optionee, alter to
the Optionee's detriment or impair any rights of Optionee hereunder.

           13. Investment Intent; Restrictions on Transfer.

                     (a)  Optionee   represents  and  agrees  that  if  Optionee
           exercises this Option in whole or in part, Optionee will in each case
           acquire the Shares upon such  exercise for the purpose of  investment
           and not  with a view  to,  or for  resale  in  connection  with,  any
           distribution  thereof;  and that upon such exercise of this Option in
           whole or in part,  Optionee  (or any  person or persons  entitled  to
           exercise this Option under the provisions of Sections 7 and 8 hereof)
           shall  furnish to the  Company a written  statement  to such  effect,
           satisfactory  to the  Company  in form and  substance.  If the Shares

                                       4
<PAGE>

           represented by this Option are registered  under the Securities  Act,
           either  before or after the  exercise  of this  Option in whole or in
           part,  the  Optionee  shall be relieved of the  foregoing  investment
           representation and agreement and shall not be required to furnish the
           Company with the foregoing written statement.

                     (b)  Optionee  further  represents  that  Optionee  has had
           access  to the  financial  statements  or books  and  records  of the
           Company,  has had the  opportunity  to ask  questions  of the Company
           concerning its business,  operations and financial condition,  and to
           obtain  additional  information  reasonably  necessary  to verify the
           accuracy of such information

                     (c) Unless and until the Shares  represented by this Option
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  OR OTHERWISE  QUALIFIED
           UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES  ACT') OR UNDER THE
           APPLICABLE OR SECURITIES LAWS OF ANY STATE.  NEITHER THESE SECURITIES
           NOR  ANY  INTEREST  THEREIN  MAY BE  SOLD,  TRANSFERRED,  PLEDGED  OR
           OTHERWISE  DISPOSED  OF IN THE  ABSENCE  OF  REGISTRATION  UNDER  THE
           SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS
           PURSUANT TO EXEMPTIONS THEREFROM.

           THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT
           TO  THAT   CERTAIN   NONSTATUTORY   STOCK  OPTION   AGREEMENT   DATED
           ____________  BETWEEN THE COMPANY AND THE ISSUEE WHICH  RESTRICTS THE
           TRANSFER  OF THESE  SHARES  WHICH ARE  SUBJECT TO  REPURCHASE  BY THE
           COMPANY UNDER CERTAIN CONDITIONS.

and/or  such  other  legend or  legends  as the  Company  and its  counsel  deem
necessary or appropriate. Appropriate stop transfer instructions with respect to
the Shares have been placed with the Company's transfer agent.

           14. Stand-off Agreement. Optionee agrees that, in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the  Company's  securities,  Optionee  shall not sell,  short any sale of, loan,
grant an option  for,  or  otherwise  dispose of any of the Shares  (other  than
Shares  included  in the  offering)  without  the prior  written  consent of the
Company or such managing  underwriter,  as applicable,  for a period of at least
one year following the effective date of registration of such offering.

                                       5
<PAGE>

           15.   Restriction  Upon  Transfer.   The  Shares  may  not  be  sold,
transferred  or  otherwise  disposed  of and shall not be pledged  or  otherwise
hypothecated by the Optionee except as hereinafter provided.

                     (a) Repurchase  Right on Termination  Other Than for Cause.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence of one of (i) termination of Optionee's  employment by the
           Company,  voluntary or involuntary  and with or without  cause;  (ii)
           retirement or death of Optionee;  (iii) bankruptcy of Optionee, which
           shall be deemed to have  occurred as of the date on which a voluntary
           or  involuntary  petition  in  bankruptcy  is  filed  with a court of
           competent jurisdiction; (iv) dissolution of the marriage of Optionee,
           to the extent  that any of the Shares are  allocated  as the sole and
           separate  property of Optionee's  spouse  pursuant  thereto (in which
           case,  this Section shall only apply to the Shares so  affected);  or
           (v) any attempted transfer by the Optionee of Shares, or any interest
           therein,  in violation of this  Agreement.  Upon the  occurrence of a
           Repurchase  Event,  the  Company  shall  have the  right  (but not an
           obligation)  to  repurchase  all or any  portion  of  the  Shares  of
           Optionee  at a price  equal to the fair value of the Shares as of the
           date of the Repurchase Event.

                     (b) Repurchase Right on Termination for Cause. In the event
           Optionee's  employment is terminated by the Company "for cause", then
           the  Company  shall  have  the  right  (but  not  an  obligation)  to
           repurchase Shares of Optionee at a price equal to the Exercise Price.
           Such right of the Company to repurchase Shares shall apply to 100% of
           the  Shares  for one (1) year  from the date of this  Agreement;  and
           shall  thereafter  lapse at the rate of twenty  percent  (20%) of the
           Shares  on  each  anniversary  of the  date  of  this  Agreement.  In
           addition, the Company shall have the right, in the sole discretion of
           the Board and without obligation,  to repurchase upon termination for
           cause all or any portion of the Shares of Optionee,  at a price equal
           to the fair value of the Shares as of the date of termination,  which
           right is not subject to the foregoing lapsing of rights. In the event
           the Company elects to repurchase the Shares,  the stock  certificates
           representing  the same shall forthwith be returned to the Company for
           cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  Repurchase  Right
           under  Paragraphs  15(a) or 15(b) shall be exercised by giving notice
           of exercise as provided herein to Optionee or the estate of Optionee,
           as  applicable.  Such right shall be  exercised,  and the  repurchase
           price  thereunder  shall be paid, by the Company within a ninety (90)
           day  period  beginning  on the date of notice to the  Company  of the
           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  of  employment or  retirement,  where such option period
           shall  begin  upon the  occurrence  of the  Repurchase  Event).  Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase money  indebtedness  of the Optionee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the  financial  tests  set  forth  in the  Delaware  and/or  Delaware
           corporation law, the Company shall have the right to purchase as many
           Shares as it is permitted to purchase under such sections. Any Shares

                                       6
<PAGE>

           not purchased by the Company  hereunder shall no longer be subject to
           the provisions of this Section 15.

                     (d) Right of First Refusal.  In the event Optionee  desires
           to transfer any Shares  during his or her  lifetime,  Optionee  shall
           first  offer to sell  such  Shares  to the  Company.  Optionee  shall
           deliver to the Company  written  notice of the  intended  sale,  such
           notice to  specify  the  number of  Shares to be sold,  the  proposed
           purchase price and terms of payment,  and grant the Company an option
           for a period of  thirty  days  following  receipt  of such  notice to
           purchase the offered  Shares upon the same terms and  conditions.  To
           exercise  such option,  the Company shall give notice of that fact to
           Optionee  within the thirty  (30) day notice  period and agree to pay
           the  purchase  price in the manner  provided  in the  notice.  If the
           Company  does  not  purchase  all of the  Shares  so  offered  during
           foregoing  option  period,  Optionee  shall be under no obligation to
           sell any of the  offered  Shares to the  Company,  but may dispose of
           such Shares in any lawful  manner  during a period of one hundred and
           eighty (180) days  following  the end of such notice  period,  except
           that Optionee shall not sell any such Shares to any other person at a
           lower price or upon more  favorable  terms than those  offered to the
           Company.

                     (e)  Acceptance of  Restrictions.  Acceptance of the Shares
           shall  constitute the Optionee's  agreement to such  restrictions and
           the   legending   of   his   certificates   with   respect   thereto.
           Notwithstanding  such restrictions,  however, so long as the Optionee
           is the holder of the  Shares,  or any  portion  thereof,  he shall be
           entitled to receive all dividends  declared on and to vote the Shares
           and to all other rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this Section 15 to the  contrary,  the  Optionee may transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren, or a trust for the benefit of the Optionee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Optionee  herein shall in such cases refer mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 15(a) wherein the permitted  transfer shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Optionee and the Company.

                     (g)   Release  of   Restrictions   on  Shares.   All  other
           restrictions  under this  Section 15 shall  terminate  five (5) years
           following  the  date  of  this  Agreement,   or  when  the  Company's
           securities are publicly traded, whichever occurs earlier.

           16. Notices.  Any notice required to be given pursuant to this Option
or the Plan shall be in writing and shall be deemed to be delivered upon receipt
or, in the case of notices by the  Company,  five (5) days after  deposit in the
U.S. mail,  postage prepaid,  addressed to Optionee at the address last provided
by Optionee for his or her employee records.

                                       7
<PAGE>

           17.  Agreement  Subject to Plan;  Applicable Law. This Option is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Optionee, at no charge, at the principal office of the
Company.  Any  provision  of this  Option  inconsistent  with the Plan  shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Option has been granted,  executed and  delivered in the State of Delaware,  and
the  interpretation  and  enforcement  shall be governed by the laws thereof and
subject to the exclusive jurisdiction of the courts therein.

           IN WITNESS  WHEREOF,  the parties hereto have executed this Option as
of the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

             (ONE OF THE FOLLOWING, AS APPROPRIATE, SHALL BE SIGNED)

I certify that as of the date               By his or her signature, the spouse
hereof I am unmarried                       of Optionee hereby agrees to be
                                            bound by the provisions of the
                                            foregoing INCENTIVE STOCK OPTION
                                            AGREEMENT

--------------------------------            -----------------------------------
           Optionee                                 Spouse of Optionee

                                        8
<PAGE>

APPENDIX A

                               NOTICE OF EXERCISE

AdZone Research, Inc.

           Re: Nonstatutory Stock Option

           Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock
Option  Agreement  that I elect to purchase the number of shares set forth below
at the exercise price set forth in my option agreement:

           Nonstatutory Stock Option Agreement dated: ____________

           Number of shares being purchased: ____________

           Exercise Price: $____________

           A check in the  amount of the  aggregate  price of the  shares  being
purchased is attached.

           I hereby confirm that such shares are being acquired by me for my own
account  for  investment  purposes,  and not with a view to,  or for  resale  in
connection  with,  any  distribution  thereof.  I will not sell or dispose of my
Shares in violation of the Securities Act of 1933, as amended, or any applicable
federal or state securities laws.  Further, I understand that the exemption from
taxable  income at the time of exercise is dependent  upon my holding such stock
for a period of at least one year from the date of  exercise  and two years from
the date of grant of the Option.

           I understand that the certificate representing the Option Shares will
bear a restrictive  legend within the contemplation of the Securities Act and as
required  by such other  state or federal law or  regulation  applicable  to the
issuance or delivery of the Option Shares.

           I agree to  provide  to the  Company  such  additional  documents  or
information as may be required  pursuant to the Company's  2004 INCENTIVE  STOCK
PLAN.

                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

                                       9
<PAGE>

                                   EXHIBIT B-2

                              ADZONE RESEARCH, INC.
                       NONSTATUTORY STOCK OPTION AGREEMENT

================================================================================

           THIS  NONSTATUTORY  STOCK OPTION AGREEMENT  ("AGREEMENT") is made and
entered into as of the date set forth  below,  by and between  ADZONE  RESEARCH,
INC., a Delaware corporation (the "COMPANY"),  and the following Director of the
Company ("OPTIONEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1.  Option Information.

                     (a) Date of Option:
                                           ------------------------
                     (b) Optionee:
                                           ------------------------
                     (c) Number of Shares:
                                           ------------------------
                     (d) Exercise Price:
                                           ------------------------

           2.  Acknowledgements.

                     (a)  Optionee is a member of the Board of  Directors of the
           Company.

                     (b) The Board of Directors  (the  "BOARD"  which term shall
           include  an  authorized  committee  of the  Board of  Directors)  and
           shareholders of the Company have heretofore  adopted a 2004 INCENTIVE
           STOCK  PLAN (the  "PLAN"),  pursuant  to which  this  Option is being
           granted; and

                     (c) The Board has  authorized the granting to Optionee of a
           nonstatutory  stock option  ("OPTION")  to purchase  shares of common
           stock  of  the  Company  ("STOCK")  upon  the  terms  and  conditions
           hereinafter  stated and  pursuant to an exemption  from  registration
           under the Securities Act of 1933, as amended (the  "SECURITIES  ACT")
           provided by Rule 701 thereunder.

           3.  Shares;  Price.  Company  hereby  grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the  "SHARES")  for cash (or
other  consideration as is authorized under the Plan and acceptable to the Board
of Directors of the Company, in their sole and absolute discretion) at the price
per Share set forth in Section  1(d) above (the  "EXERCISE  PRICE"),  such price
being not less than eighty-five percent (85%) of the fair market value per share
of the Shares covered by this Option as of the date hereof.

           4. Term of Option; Continuation of Service. This Option shall expire,
and all rights hereunder to purchase the Shares shall terminate,  ten (10) years
from the date hereof.  This Option shall earlier terminate subject to Sections 7
and 8  hereof  upon,  and as of the  date  of,  the  termination  of  Optionee's
employment  if such  termination  occurs  prior to the end of such ten (10) year
period.  Nothing  contained  herein shall confer upon  Optionee the right to the

<PAGE>

continuation  of his or her  employment by the Company or to interfere  with the
right of the Company to terminate such employment or to increase or decrease the
compensation of Optionee from the rate in existence at the date hereof.

           5. Vesting of Option.  Subject to the  provisions of Sections 7 and 8
hereof,  this Option  shall  become  exercisable  during the term that  Optionee
serves as a Director of the Company in three (3) equal  annual  installments  of
thirty-three  and  one-third  percent  (33 1/3%) of the  Shares  covered by this
Option,  the first installment to be exercisable on the first anniversary of the
date of this Option,  with an additional  thirty-three and one-third percent (33
1/3%) of such  Shares  becoming  exercisable  on each of the two (2)  successive
anniversary  dates. The installments  shall be cumulative (i.e., this option may
be exercised, as to any or all shares covered by an installment,  at any time or
times  after  an  installment   becomes  exercisable  and  until  expiration  or
termination of this Option).

           6.  Exercise.  This  Option  shall be  exercised  by  delivery to the
Company of (a)  written  notice of exercise  stating the number of Shares  being
purchased  (in whole  shares only) and such other  information  set forth on the
form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in
the amount of the  Exercise  Price of the Shares  covered by the notice (or such
other  consideration  as has been approved by the Board of Directors  consistent
with the Plan) and (c) a written  investment  representation  as provided for in
Section 13 hereof.  This Option shall not be assignable or transferable,  except
by will or by the laws of descent  and  distribution,  and shall be  exercisable
only by  Optionee  during his or her  lifetime,  except as provided in Section 8
hereof.

           7.  Termination  of Service.  If  Optionee  shall cease to serve as a
Director  of the  Company for any  reason,  no further  installments  shall vest
pursuant  to Section  5, and the  maximum  number of Shares  that  Optionee  may
purchase  pursuant  hereto  shall be limited  to the number of Shares  that were
vested as of the date  Optionee  ceases to be a Director  (to the nearest  whole
Share). Thereupon, Optionee shall have the right to exercise this Option, at any
time during the remaining  term hereof,  to the extent,  but only to the extent,
that  this  Option  was  exercisable  as of the  date  Optionee  ceases  to be a
Director;  provided,  however,  if Optionee is removed as a Director pursuant to
the  Delaware   corporation   law,  the  foregoing   right  to  exercise   shall
automatically  terminate on the date Optionee  ceases to be a Director as to all
Shares covered by this Option not exercised prior to termination. Unless earlier
terminated,  all rights  under this Option  shall  terminate in any event on the
expiration date of this Option as defined in Section 4 hereof.

           8. Death of Optionee.  If the Optionee  shall die while in the employ
of the Company,  Optionee's  personal  representative  or the person entitled to
Optionee's rights hereunder may at any time within six (6) months after the date
of Optionee's  death, or during the remaining term of this Option,  whichever is
the lesser,  exercise this Option and purchase Shares to the extent, but only to
the extent,  that Optionee  could have  exercised  this Option as of the date of
Optionee's  death;  provided,  in any case, that this Option may be so exercised
only to the  extent  that this  Option  has not  previously  been  exercised  by
Optionee.

<PAGE>

           9. No  Rights  as  Shareholder.  Optionee  shall  have no rights as a
shareholder with respect to the Shares covered by any installment of this Option
until the effective  date of issuance of the Shares  following  exercise of this
Option,  and no adjustment  will be made for dividends or other rights for which
the record date is prior to the date such stock  certificate or certificates are
issued except as provided in Section 10 hereof.

           10.   Recapitalization.   Subject  to  any  required  action  by  the
shareholders  of the Company,  the number of Shares covered by this Option,  and
the Exercise Price thereof,  shall be proportionately  adjusted for any increase
or decrease  in the number of issued  shares  resulting  from a  subdivision  or
consolidation  of  shares  or the  payment  of a stock  dividend,  or any  other
increase or decrease in the number of such shares  effected  without  receipt of
consideration  by the  Company;  provided  however  that the  conversion  of any
convertible  securities of the Company shall not be deemed having been "effected
without receipt of consideration by the Company".

           In the event of a proposed dissolution or liquidation of the Company,
a merger or consolidation in which the Company is not the surviving entity, or a
sale of all or  substantially  all of the assets or capital stock of the Company
(collectively, a "REORGANIZATION"), unless otherwise provided by the Board, this
Option shall  terminate  immediately  prior to such date as is determined by the
Board,   which  date  shall  be  no  later   than  the   consummation   of  such
Reorganization. In such event, if the entity which shall be the surviving entity
does not tender to Optionee an offer,  for which it has no  obligation to do so,
to substitute for any unexercised Option a stock option or capital stock of such
surviving of such surviving entity,  as applicable,  which on an equitable basis
shall provide the Optionee with  substantially the same economic benefit as such
unexercised Option,  then the Board may grant to such Optionee,  in its sole and
absolute  discretion and without  obligation,  the right for a period commencing
thirty (30) days prior to and ending immediately prior to the date determined by
the Board pursuant  hereto for termination of the Option or during the remaining
term of the Option, whichever is the lesser, to exercise any unexpired Option or
Options  without  regard to the  installment  provisions of Section 5; provided,
however,  that  such  exercise  shall be  subject  to the  consummation  of such
Reorganization.

           Subject to any required action by the shareholders of the Company, if
the Company shall be the surviving entity in any merger or  consolidation,  this
Option thereafter shall pertain to and apply to the securities to which a holder
of Shares equal to the Shares subject to this Option would have been entitled by
reason of such  merger  or  consolidation,  and the  installment  provisions  of
Section 5 shall continue to apply.

           In the event of a change in the shares of the  Company  as  presently
constituted, which is limited to a change of all of its authorized Stock without
par value into the same  number of shares of Stock with a par value,  the shares
resulting  from any such  change  shall be deemed to be the  Shares  within  the
meaning of this Option.

           To the  extent  that the  foregoing  adjustments  relate to shares or
securities of the Company,  such adjustments  shall be made by the Board,  whose
determination in that respect shall be final, binding and conclusive.  Except as
hereinbefore expressly provided,  Optionee shall have no rights by reason of any

                                       3
<PAGE>

subdivision or  consolidation  of shares of Stock of any class or the payment of
any stock  dividend or any other increase or decrease in the number of shares of
stock of any class,  and the number and price of Shares  subject to this  Option
shall not be  affected  by, and no  adjustments  shall be made by reason of, any
dissolution,  liquidation,  merger,  consolidation  or sale of assets or capital
stock, or any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class.

           The grant of this  Option  shall  not  affect in any way the right or
power of the Company to make adjustments, reclassifications,  reorganizations or
changes in its capital or business structure or to merge, consolidate,  dissolve
or liquidate or to sell or transfer all or any part of its business or assets.

           11. Taxation upon Exercise of Option. Optionee understands that, upon
exercise of this Option,  Optionee will recognize income,  for Federal and state
income tax  purposes,  in an amount equal to the amount by which the fair market
value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by
Optionee to report such income in  accordance  with then  applicable  law and to
cooperate  with  Company  in   establishing   the  amount  of  such  income  and
corresponding deduction to the Company for its income tax purposes.  Withholding
for federal or state income and  employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation,  or, if such current
compensation is insufficient to satisfy  withholding tax liability,  the Company
may  require  Optionee  to make a cash  payment  to cover  such  liability  as a
condition of the exercise of this Option.

           12.  Modification,  Extension  and Renewal of  Options.  The Board or
Committee,  as described in the Plan, may modify, extend or renew this Option or
accept the  surrender  thereof  (to the extent not  theretofore  exercised)  and
authorize the granting of a new option in substitution  therefore (to the extent
not theretofore  exercised),  subject at all times to the Plan, the Code and the
Delaware  Securities  Rules.  Notwithstanding  the foregoing  provisions of this
Section 12, no modification shall, without the consent of the Optionee, alter to
the Optionee's detriment or impair any rights of Optionee hereunder.

           13. Investment Intent; Restrictions on Transfer.

                     (a)  Optionee   represents  and  agrees  that  if  Optionee
           exercises this Option in whole or in part, Optionee will in each case
           acquire the Shares upon such  exercise for the purpose of  investment
           and not  with a view  to,  or for  resale  in  connection  with,  any
           distribution  thereof;  and that upon such exercise of this Option in
           whole or in part,  Optionee  (or any  person or persons  entitled  to
           exercise this Option under the provisions of Sections 7 and 8 hereof)
           shall  furnish to the  Company a written  statement  to such  effect,
           satisfactory  to the  Company  in form and  substance.  If the Shares
           represented by this Option are registered  under the Securities  Act,
           either  before or after the  exercise  of this  Option in whole or in
           part,  the  Optionee  shall be relieved of the  foregoing  investment

                                       4
<PAGE>

           representation and agreement and shall not be required to furnish the
           Company with the foregoing written statement.

                     (b)  Optionee  further  represents  that  Optionee  has had
           access  to the  financial  statements  or books  and  records  of the
           Company,  has had the  opportunity  to ask  questions  of the Company
           concerning its business,  operations and financial condition,  and to
           obtain  additional  information  reasonably  necessary  to verify the
           accuracy of such information

                     (c) Unless and until the Shares  represented by this Option
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  OR OTHERWISE  QUALIFIED
           UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES  ACT') OR UNDER THE
           APPLICABLE OR SECURITIES LAWS OF ANY STATE.  NEITHER THESE SECURITIES
           NOR  ANY  INTEREST  THEREIN  MAY BE  SOLD,  TRANSFERRED,  PLEDGED  OR
           OTHERWISE  DISPOSED  OF IN THE  ABSENCE  OF  REGISTRATION  UNDER  THE
           SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS
           PURSUANT TO EXEMPTIONS THEREFROM.

           THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT
           TO  THAT   CERTAIN   NONSTATUTORY   STOCK  OPTION   AGREEMENT   DATED
           ____________  BETWEEN THE COMPANY AND THE ISSUEE WHICH  RESTRICTS THE
           TRANSFER  OF THESE  SHARES  WHICH ARE  SUBJECT TO  REPURCHASE  BY THE
           COMPANY UNDER CERTAIN CONDITIONS.

and/or  such  other  legend or  legends  as the  Company  and its  counsel  deem
necessary or appropriate. Appropriate stop transfer instructions with respect to
the Shares have been placed with the Company's transfer agent.

           14. Stand-off Agreement. Optionee agrees that, in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the  Company's  securities,  Optionee  shall not sell,  short any sale of, loan,
grant an option  for,  or  otherwise  dispose of any of the Shares  (other  than
Shares  included  in the  offering)  without  the prior  written  consent of the
Company or such managing  underwriter,  as applicable,  for a period of at least
one year following the effective date of registration of such offering.

           15.   Restriction  Upon  Transfer.   The  Shares  may  not  be  sold,
transferred  or  otherwise  disposed  of and shall not be pledged  or  otherwise
hypothecated by the Optionee except as hereinafter provided.

                                       5
<PAGE>

                     (a) Repurchase Right on Termination  Other Than by Removal.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence  of one of (i)  termination  of  Optionee's  service  as a
           director; (ii) death of Optionee; (iii) bankruptcy of Optionee, which
           shall be deemed to have  occurred as of the date on which a voluntary
           or  involuntary  petition  in  bankruptcy  is  filed  with a court of
           competent jurisdiction; (iv) dissolution of the marriage of Optionee,
           to the extent  that any of the Shares are  allocated  as the sole and
           separate  property of Optionee's  spouse  pursuant  thereto (in which
           case,  this Section shall only apply to the Shares so  affected);  or
           (v) any attempted transfer by the Optionee of Shares, or any interest
           therein,  in violation of this  Agreement.  Upon the  occurrence of a
           Repurchase  Event,  and upon  mutual  agreement  of the  Company  and
           Optionee, the Company may repurchase all or any portion of the Shares
           of  Optionee  at a price  equal to the fair value of the Shares as of
           the date of the Repurchase Event.

                     (b) Repurchase  Right on Removal.  In the event Optionee is
           removed as a director pursuant to the Delaware Revised Statutes Code,
           or Optionee  voluntarily resigns as a director prior to the date upon
           which the last installment of Shares becomes exercisable  pursuant to
           Section  5,  then  the  Company  shall  have  the  right  (but not an
           obligation) to repurchase  Shares of Optionee at a price equal to the
           Exercise Price.  Such right of the Company to repurchase Shares shall
           apply to 100% of the  Shares  for one (1) year  from the date of this
           Agreement;  and  shall  thereafter  lapse  ratably  in  equal  annual
           increments on each anniversary of the date of this Agreement over the
           term of this Option specified in Section 4. In addition,  the Company
           shall have the right, in the sole discretion of the Board and without
           obligation,  to  repurchase  upon removal or  resignation  all or any
           portion of the Shares of Optionee, at a price equal to the fair value
           of the Shares as of the date of such  removal or  resignation,  which
           right is not subject to the foregoing lapsing of rights. In the event
           the Company elects to repurchase the Shares,  the stock  certificates
           representing  the same shall forthwith be returned to the Company for
           cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  Repurchase  Right
           under  Paragraphs  15(a) or 15(b) shall be exercised by giving notice
           of exercise as provided herein to Optionee or the estate of Optionee,
           as  applicable.  Such right shall be  exercised,  and the  repurchase
           price  thereunder  shall be paid, by the Company within a ninety (90)
           day  period  beginning  on the date of notice to the  Company  of the
           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  or cessation of services as director,  where such option
           period shall begin upon the occurrence of the Repurchase Event). Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase money  indebtedness  of the Optionee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the financial  tests set forth in the Delaware  corporation  law, the
           Company  shall  have the right to  purchase  as many  Shares as it is
           permitted to purchase under such  sections.  Any Shares not purchased

                                       6
<PAGE>

           by the Company hereunder shall no longer be subject to the provisions
           of this Section 15.

                     (d) Right of First Refusal.  In the event Optionee  desires
           to transfer any Shares  during his or her  lifetime,  Optionee  shall
           first  offer to sell  such  Shares  to the  Company.  Optionee  shall
           deliver to the Company  written  notice of the  intended  sale,  such
           notice to  specify  the  number of  Shares to be sold,  the  proposed
           purchase price and terms of payment,  and grant the Company an option
           for a period of  thirty  days  following  receipt  of such  notice to
           purchase the offered  Shares upon the same terms and  conditions.  To
           exercise  such option,  the Company shall give notice of that fact to
           Optionee  within the thirty  (30) day notice  period and agree to pay
           the  purchase  price in the manner  provided  in the  notice.  If the
           Company  does  not  purchase  all of the  Shares  so  offered  during
           foregoing  option  period,  Optionee  shall be under no obligation to
           sell any of the  offered  Shares to the  Company,  but may dispose of
           such Shares in any lawful  manner  during a period of one hundred and
           eighty (180) days  following  the end of such notice  period,  except
           that Optionee shall not sell any such Shares to any other person at a
           lower price or upon more  favorable  terms than those  offered to the
           Company.

                     (e)  Acceptance of  Restrictions.  Acceptance of the Shares
           shall  constitute the Optionee's  agreement to such  restrictions and
           the   legending   of   his   certificates   with   respect   thereto.
           Notwithstanding  such restrictions,  however, so long as the Optionee
           is the holder of the  Shares,  or any  portion  thereof,  he shall be
           entitled to receive all dividends  declared on and to vote the Shares
           and to all other rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this Section 15 to the  contrary,  the  Optionee may transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren, or a trust for the benefit of the Optionee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Optionee  herein shall in such cases refer mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 15(a) wherein the permitted  transfer shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Optionee and the Company.

                     (g)   Release  of   Restrictions   on  Shares.   All  other
           restrictions  under this  Section 15 shall  terminate  five (5) years
           following  the  date  of  this  Agreement,   or  when  the  Company's
           securities are publicly traded, whichever occurs earlier.

           16. Notices.  Any notice required to be given pursuant to this Option
or the Plan shall be in writing and shall be deemed to be delivered upon receipt
or, in the case of notices by the  Company,  five (5) days after  deposit in the

                                       7
<PAGE>

U.S. mail,  postage prepaid,  addressed to Optionee at the address last provided
by Optionee for use in Company records related to Optionee.

           17.  Agreement  Subject to Plan;  Applicable Law. This Option is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Optionee, at no charge, at the principal office of the
Company.  Any  provision  of this  Option  inconsistent  with the Plan  shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Option has been granted,  executed and  delivered in the State of Delaware,  and
the  interpretation  and  enforcement  shall be governed by the laws thereof and
subject to the exclusive jurisdiction of the courts therein.

           IN WITNESS  WHEREOF,  the parties hereto have executed this Option as
of the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

             (ONE OF THE FOLLOWING, AS APPROPRIATE, SHALL BE SIGNED)

I certify that as of the date               By his or her signature, the spouse
hereof I am unmarried                       of Optionee hereby agrees to be
                                            bound by the provisions of the
                                            foregoing INCENTIVE STOCK OPTION
                                            AGREEMENT

--------------------------------            -----------------------------------
           Optionee                                 Spouse of Optionee

                                        8
<PAGE>

APPENDIX A

                               NOTICE OF EXERCISE

ADZONE RESEARCH, INC.

                          Re: Nonstatutory Stock Option

           Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock
Option  Agreement  that I elect to purchase the number of shares set forth below
at the exercise price set forth in my option agreement:

           Nonstatutory Stock Option Agreement dated: ____________

           Number of shares being purchased: ____________

           Exercise Price: $____________

           A check in the  amount of the  aggregate  price of the  shares  being
purchased is attached.

           I hereby confirm that such shares are being acquired by me for my own
account  for  investment  purposes,  and not with a view to,  or for  resale  in
connection  with,  any  distribution  thereof.  I will not sell or dispose of my
Shares in violation of the Securities Act of 1933, as amended, or any applicable
federal or state securities laws.  Further, I understand that the exemption from
taxable  income at the time of exercise is dependent  upon my holding such stock
for a period of at least one year from the date of  exercise  and two years from
the date of grant of the Option.

           I understand that the certificate representing the Option Shares will
bear a restrictive  legend within the contemplation of the Securities Act and as
required  by such other  state or federal law or  regulation  applicable  to the
issuance or delivery of the Option Shares.

           I agree to  provide  to the  Company  such  additional  documents  or
information as may be required  pursuant to the Company's  2004 INCENTIVE  STOCK
PLAN.

                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

                                       9
<PAGE>

                                   EXHIBIT B-3

                              ADZONE RESEARCH, INC.
                 CONSULTANT NONSTATUTORY STOCK OPTION AGREEMENT

================================================================================

           THIS CONSULTANT  NONSTATUTORY STOCK OPTION AGREEMENT ("AGREEMENT") is
made and entered  into as of the date set forth  below,  by and  between  ADZONE
RESEARCH,  INC.,  a Delaware  corporation  (the  "COMPANY"),  and the  following
consultant to the Company (herein, the "OPTIONEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1.  Option Information.

                     (a) Date of Option:
                                           ------------------------
                     (b) Optionee:
                                           ------------------------
                     (c) Number of Shares:
                                           ------------------------
                     (d) Exercise Price:
                                           ------------------------

           2.  Acknowledgements.

                     (a) Optionee is an  independent  consultant to the Company,
           not an employee;

                     (b) The Board of Directors  (the  "BOARD"  which term shall
           include  an  authorized  committee  of the  Board of  Directors)  and
           shareholders of the Company have heretofore  adopted a 2004 INCENTIVE
           STOCK  PLAN (the  "PLAN"),  pursuant  to which  this  Option is being
           granted; and

                     (c) The Board has  authorized the granting to Optionee of a
           nonstatutory  stock option  ("OPTION")  to purchase  shares of common
           stock  of  the  Company  ("STOCK")  upon  the  terms  and  conditions
           hereinafter  stated and  pursuant to an exemption  from  registration
           under the Securities Act of 1933, as amended (the  "SECURITIES  ACT")
           provided by Rule 701 thereunder.

           3. Shares;  Price. The Company hereby grants to Optionee the right to
purchase, upon and subject to the terms and conditions herein stated, the number
of shares of Stock set forth in Section 1(c) above (the  "SHARES")  for cash (or
other consideration as is authorized under the Plan and acceptable to the Board,
in their  sole and  absolute  discretion)  at the  price  per Share set forth in
Section  1(d)  above (the  "EXERCISE  PRICE"),  such  price  being not less than
eighty-five 85% of the fair market value per share of the Shares covered by this
Option as of the date hereof.

           4. Term of Option. This Option shall expire, and all rights hereunder
to purchase  the Shares,  shall  terminate  five (5) years from the date hereof.
Nothing  contained  herein  shall be  construed to interfere in any way with the
right of the Company to terminate Optionee as a consultant to the Company, or to
increase or decrease the  compensation  paid to Optionee from the rate in effect
as of the date hereof.

<PAGE>

           5. Vesting of Option.  Subject to the  provisions of Sections 7 and 8
hereof,  this Option shall become  exercisable  during the period that  Optionee
serves  as a  consultant  of the  Company  in equal  annual  installments,  each
installment covering a fraction of the Shares, the numerator of which is one (1)
and the  denominator  of which is the number of years in the term of this Option
(not to exceed 5). The first installment  shall become  exercisable on the first
anniversary  of the date of this Option,  and an  additional  installment  shall
become  exercisable on each successive  anniversary date during the term of this
Option,  except the last such  anniversary  date.  The final  installment  shall
become  exercisable  ninety  days  prior to the  expiration  of the term of this
Option.  The  installments  shall  be  cumulative  (i.e.,  this  option  may  be
exercised,  as to any or all shares  covered by an  installment,  at any time or
times  after  an  installment   becomes  exercisable  and  until  expiration  or
termination of this option).

           6.  Exercise.  This  Option  shall be  exercised  by  delivery to the
Company of (a)  written  notice of exercise  stating the number of Shares  being
purchased  (in whole  shares only) and such other  information  set forth on the
form of Notice of Exercise attached hereto as Appendix A, (b) a check or cash in
the amount of the  Exercise  Price of the Shares  covered by the notice (or such
other  consideration  as has been approved by the Board of Directors  consistent
with the Plan) and (c) a written  investment  representation  as provided for in
Section 13 hereof.  This Option shall not be assignable or transferable,  except
by will or by the laws of descent  and  distribution,  and shall be  exercisable
only by Optionee during his or her lifetime.

           7. Termination of Service.  If Optionee's  service as a consultant to
the  Company  terminates  for any  reason,  no further  installments  shall vest
pursuant  to Section  5, and  Optionee  shall have the right at any time  within
thirty (30) days following such termination of services or the remaining term of
this  Option,  whichever  is the  lesser,  to  exercise in whole or in part this
Option to the extent,  but only to the extent,  that this Option was exercisable
as of the date  Optionee  ceased to be a consultant  to the  Company;  provided,
however,  if Optionee is terminated for reasons that would justify a termination
of employment  "for cause" as  contemplated  by the Delaware Labor Code and case
law  related  thereto,  the  foregoing  right to  exercise  shall  automatically
terminate on the date  Optionee  ceases to be a consultant  to the Company as to
all Shares  covered by this Option not exercised  prior to  termination.  Unless
earlier terminated, all rights under this Option shall terminate in any event on
the expiration date of this Option as defined in Section 4 hereof.

           8. Death of Optionee.  If the Optionee  shall die while  serving as a
consultant  to the Company,  Optionee's  personal  representative  or the person
entitled to Optionee's  rights hereunder may at any time within ninety (90) days
after the date of Optionee's death, or during the remaining term of this Option,
whichever is the lesser, exercise this Option and purchase Shares to the extent,
but only to the extent, that Optionee could have exercised this Option as of the
date of  Optionee's  death;  provided,  in any case,  that this Option may be so
exercised only to the extent that this Option has not previously  been exercised
by Optionee.

           9. No  Rights  as  Shareholder.  Optionee  shall  have no rights as a
shareholder with respect to the Shares covered by any installment of this Option
until the effective date of the issuance of shares following exercise of this to

                                       2
<PAGE>

Option,  and no adjustment  will be made for dividends or other rights for which
the record date is prior to the date such stock  certificate or certificates are
issued except as provided in Section 10 hereof.

           10.   Recapitalization.   Subject  to  any  required  action  by  the
shareholders  of the Company,  the number of Shares covered by this Option,  and
the Exercise Price thereof,  shall be proportionately  adjusted for any increase
or decrease  in the number of issued  shares  resulting  from a  subdivision  or
consolidation  of  shares  or the  payment  of a stock  dividend,  or any  other
increase or decrease in the number of such shares  effected  without  receipt of
consideration  by the  Company;  provided  however  that the  conversion  of any
convertible  securities of the Company shall not be deemed having been "effected
without receipt of consideration by the Company."

           In the event of a proposed dissolution or liquidation of the Company,
a merger or consolidation in which the Company is not the surviving entity, or a
sale of all or  substantially  all of the assets or capital stock of the Company
(collectively,  a  "REORGANIZATION"),  this Option shall  terminate  immediately
prior to the consummation of such proposed action,  unless otherwise provided by
the Board; provided, however, if Optionee shall be a consultant at the time such
Reorganization is approved by the stockholders, Optionee shall have the right to
exercise this Option as to all or any part of the Shares,  without regard to the
installment provisions of Section 5, for a period beginning 30 days prior to the
consummation of such  Reorganization  and ending as of the Reorganization or the
expiration of this Option,  whichever is earlier, subject to the consummation of
the Reorganization. In any event, the Company shall notify Optionee, at least 30
days prior to the consummation of such  Reorganization,  of his exercise rights,
if any,  and that the  Option  shall  terminate  upon  the  consummation  of the
Reorganization.

           Subject to any required action by the shareholders of the Company, if
the Company shall be the surviving entity in any merger or  consolidation,  this
Option thereafter shall pertain to and apply to the securities to which a holder
of Shares equal to the Shares subject to this Option would have been entitled by
reason of such  merger  or  consolidation,  and the  installment  provisions  of
Section 5 shall continue to apply.

           In the event of a change in the shares of the  Company  as  presently
constituted, which is limited to a change of all of its authorized Stock without
par value into the same  number of shares of Stock with a par value,  the shares
resulting  from any such  change  shall be deemed to be the  Shares  within  the
meaning of this Option.

           To the  extent  that the  foregoing  adjustments  relate to shares or
securities of the Company,  such adjustments  shall be made by the Board,  whose
determination in that respect shall be final, binding and conclusive.  Except as
hereinbefore expressly provided,  Optionee shall have no rights by reason of any
subdivision or  consolidation  of shares of Stock of any class or the payment of
any stock  dividend or any other increase or decrease in the number of shares of
stock of any class,  and the number and price of Shares  subject to this  Option
shall not be  affected  by, and no  adjustments  shall be made by reason of, any
dissolution,  liquidation,  merger,  consolidation  or sale of assets or capital

                                       3
<PAGE>

stock, or any issue by the Company of shares of stock of any class or securities
convertible into shares of stock of any class.

           The grant of this  Option  shall  not  affect in any way the right or
power of the Company to make adjustments, reclassifications,  reorganizations or
changes in its capital or business structure or to merge, consolidate,  dissolve
or liquidate or to sell or transfer all or any part of its business or assets.

           11. Taxation upon Exercise of Option. Optionee understands that, upon
exercise of this Option,  Optionee will recognize income,  for Federal and state
income tax  purposes,  in an amount equal to the amount by which the fair market
value of the Shares, determined as of the date of exercise, exceeds the Exercise
Price. The acceptance of the Shares by Optionee shall constitute an agreement by
Optionee to report such income in  accordance  with then  applicable  law and to
cooperate  with  Company  in   establishing   the  amount  of  such  income  and
corresponding deduction to the Company for its income tax purposes.  Withholding
for federal or state income and  employment tax purposes will be made, if and as
required by law, from Optionee's then current compensation,  or, if such current
compensation is insufficient to satisfy  withholding tax liability,  the Company
may  require  Optionee  to make a cash  payment  to cover  such  liability  as a
condition of the exercise of this Option.

           12.  Modification,  Extension  and Renewal of  Options.  The Board or
Committee,  as described in the Plan, may modify, extend or renew this Option or
accept the  surrender  thereof  (to the extent not  theretofore  exercised)  and
authorize the granting of a new option in substitution  therefore (to the extent
not  theretofore  exercised),  subject  at all  times  to the  Plan,  the  Code.
Notwithstanding  the foregoing  provisions  of this Section 12, no  modification
shall, without the consent of the Optionee, alter to the Optionee's detriment or
impair any rights of Optionee hereunder.

           13. Investment Intent; Restrictions on Transfer.

                     (a)  Optionee   represents  and  agrees  that  if  Optionee
           exercises this Option in whole or in part, Optionee will in each case
           acquire the Shares upon such  exercise for the purpose of  investment
           and not  with a view  to,  or for  resale  in  connection  with,  any
           distribution  thereof;  and that upon such exercise of this Option in
           whole or in part,  Optionee  (or any  person or persons  entitled  to
           exercise this Option under the provisions of Sections 7 and 8 hereof)
           shall  furnish to the  Company a written  statement  to such  effect,
           satisfactory  to the  Company  in form and  substance.  If the Shares
           represented by this Option are registered  under the Securities  Act,
           either  before or after the  exercise  of this  Option in whole or in
           part,  the  Optionee  shall be relieved of the  foregoing  investment
           representation and agreement and shall not be required to furnish the
           Company with the foregoing written statement.

                     (b)  Optionee  further  represents  that  Optionee  has had
           access  to the  financial  statements  or books  and  records  of the
           Company,  has had the  opportunity  to ask  questions  of the Company
           concerning its business,  operations and financial condition,  and to

                                       4
<PAGE>

           obtain  additional  information  reasonably  necessary  to verify the
           accuracy of such information.

                     (c) Unless and until the Shares  represented by this Option
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE   SECURITIES  HAVE  NOT  BEEN  REGISTERED  OR  OTHERWISE
           QUALIFIED  UNDER THE SECURITIES  ACT OF 1933 (THE  'SECURITIES
           ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE.
           NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD,
           TRANSFERRED,  PLEDGED OR OTHERWISE  DISPOSED OF IN THE ABSENCE
           OF  REGISTRATION  UNDER THE  SECURITIES  ACT OR ANY APPLICABLE
           SECURITIES  LAWS OF ANY STATE,  UNLESS  PURSUANT TO EXEMPTIONS
           THEREFROM.

           THE SHARES  REPRESENTED BY THIS  CERTIFICATE  HAVE BEEN ISSUED
           PURSUANT TO THAT CERTAIN  NONSTATUTORY  STOCK OPTION AGREEMENT
           DATED  ___________  BETWEEN THE  COMPANY AND THE ISSUEE  WHICH
           RESTRICTS  THE  TRANSFER OF THESE  SHARES WHICH ARE SUBJECT TO
           REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.

and/or  such  other  legend or  legends  as the  Company  and its  counsel  deem
necessary or appropriate. Appropriate stop transfer instructions with respect to
the Shares have been placed with the Company's transfer agent.

           14. Stand-off Agreement. Optionee agrees that, in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the  Company's  securities,  Optionee  shall not sell,  short any sale of, loan,
grant an option  for,  or  otherwise  dispose of any of the Shares  (other  than
Shares  included  in the  offering)  without  the prior  written  consent of the
Company or such managing underwriter,  as applicable,  for a period of up to one
year following the effective date of registration of such offering.

           15.   Restriction  Upon  Transfer.   The  Shares  may  not  be  sold,
transferred  or  otherwise  disposed  of and shall not be pledged  or  otherwise
hypothecated by the Optionee except as hereinafter provided.

                     (a) Repurchase  Right on Termination  Other Than for Cause.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence  of one of (i)  termination  of  Optionee's  service  as a
           consultant,  voluntary or involuntary and with or without cause; (ii)
           retirement or death of Optionee;  (iii) bankruptcy of Optionee, which
           shall be deemed to have  occurred as of the date on which a voluntary

                                       5
<PAGE>

           or  involuntary  petition  in  bankruptcy  is  filed  with a court of
           competent jurisdiction; (iv) dissolution of the marriage of Optionee,
           to the extent  that any of the Shares are  allocated  as the sole and
           separate  property of Optionee's  spouse  pursuant  thereto (in which
           case,  this Section shall only apply to the Shares so  affected);  or
           (v) any attempted transfer by the Optionee of Shares, or any interest
           therein,  in violation of this  Agreement.  Upon the  occurrence of a
           Repurchase  Event,  the  Company  shall  have the  right  (but not an
           obligation)  to  repurchase  all or any  portion  of  the  Shares  of
           Optionee  at a price  equal to the fair value of the Shares as of the
           date of the Repurchase Event.

                     (b) Repurchase Right on Termination for Cause. In the event
           Optionee's  service as a consultant is terminated by the Company "for
           cause" (as  contemplated  by Section 7), then the Company  shall have
           the right (but not an obligation) to repurchase Shares of Optionee at
           a price  equal to the  Exercise  Price.  Such right of the Company to
           repurchase  Shares shall apply to 100% of the Shares for one (1) year
           from the date of this Agreement;  and shall  thereafter lapse ratably
           in equal annual  increments on each  anniversary  of the date of this
           Agreement  over the term of this  Option  specified  in Section 4. In
           addition, the Company shall have the right, in the sole discretion of
           the  Board  and  without  obligation,  to  repurchase  upon  any such
           termination  of service for cause all or any portion of the Shares of
           Optionee,  at a price equal to the fair value of the Shares as of the
           date of  termination,  which  right is not  subject to the  foregoing
           lapsing of rights.  In the event the Company elects to repurchase the
           Shares, the stock certificates  representing the same shall forthwith
           be returned to the Company for cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  repurchase  right
           under  Paragraphs  15(a) or 15(b) shall be exercised by giving notice
           of exercise as provided herein to Optionee or the estate of Optionee,
           as  applicable.  Such right shall be  exercised,  and the  repurchase
           price  thereunder  shall be paid, by the Company within a ninety (90)
           day  period  beginning  on the date of notice to the  Company  of the
           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  of  employment or  retirement,  where such option period
           shall  begin  upon the  occurrence  of the  Repurchase  Event).  Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase money  indebtedness  of the Optionee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the  financial  tests  set  forth  in the  Delaware  and/or  Delaware
           corporation law, the Company shall have the right to purchase as many
           Shares as it is permitted to purchase under such sections. Any Shares
           not purchased by the Company  hereunder shall no longer be subject to
           the provisions of this Section 15.

                     (d) Right of First Refusal.  In the event Optionee  desires
           to transfer any Shares  during his or her  lifetime,  Optionee  shall
           first  offer to sell  such  Shares  to the  Company.  Optionee  shall
           deliver to the Company  written  notice of the  intended  sale,  such
           notice to  specify  the  number of  Shares to be sold,  the  proposed
           purchase price and terms of payment,  and grant the Company an option
           for a period of  thirty  days  following  receipt  of such  notice to

                                       6
<PAGE>

           purchase the offered  Shares upon the same terms and  conditions.  To
           exercise  such option,  the Company shall give notice of that fact to
           Optionee  within the thirty  (30) day notice  period and agree to pay
           the  purchase  price in the manner  provided  in the  notice.  If the
           Company  does  not  purchase  all of the  Shares  so  offered  during
           foregoing  option  period,  Optionee  shall be under no obligation to
           sell any of the  offered  Shares to the  Company,  but may dispose of
           such Shares in any lawful  manner  during a period of one hundred and
           eighty (180) days  following  the end of such notice  period,  except
           that Optionee shall not sell any such Shares to any other person at a
           lower price or upon more  favorable  terms than those  offered to the
           Company.

                     (e)  Acceptance of  Restrictions.  Acceptance of the Shares
           shall  constitute the Optionee's  agreement to such  restrictions and
           the   legending   of   his   certificates   with   respect   thereto.
           Notwithstanding  such restrictions,  however, so long as the Optionee
           is the holder of the  Shares,  or any  portion  thereof,  he shall be
           entitled to receive all dividends  declared on and to vote the Shares
           and to all other rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this Section 15 to the  contrary,  the  Optionee may transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren, or a trust for the benefit of the Optionee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Optionee  herein shall in such cases refer mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 15(a) wherein the permitted  transfer shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Optionee and the Company.

                     (g)  Release  of  Restrictions  on  Shares.  All rights and
           restrictions  under this  Section 15 shall  terminate  five (5) years
           following  the  date  of  this  Agreement,   or  when  the  Company's
           securities are publicly traded, whichever occurs earlier.

           16. Notices.  Any notice required to be given pursuant to this Option
or the Plan shall be in writing and shall be deemed to be delivered upon receipt
or, in the case of notices by the  Company,  five (5) days after  deposit in the
U.S. mail,  postage prepaid,  addressed to Optionee at the address last provided
by Optionee for use in Company records related to Optionee.

           17.  Agreement  Subject to Plan;  Applicable Law. This Option is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Optionee, at no charge, at the principal office of the
Company.  Any  provision  of this  Option  inconsistent  with the Plan  shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Option has been granted,  executed and  delivered in the State of Delaware,  and

                                       7
<PAGE>

the  interpretation  and  enforcement  shall be governed by the laws thereof and
subject to the exclusive jurisdiction of the courts therein.

                            [SIGNATURE PAGE FOLLOWS.]

                                       8
<PAGE>

           IN WITNESS  WHEREOF,  the parties hereto have executed this Option as
of the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

             (ONE OF THE FOLLOWING, AS APPROPRIATE, SHALL BE SIGNED)

I certify that as of the date               By his or her signature, the spouse
hereof I am unmarried                       of Optionee hereby agrees to be
                                            bound by the provisions of the
                                            foregoing INCENTIVE STOCK OPTION
                                            AGREEMENT

--------------------------------            -----------------------------------
           Optionee                                 Spouse of Optionee

                                        9
<PAGE>

                                   Appendix A
APPENDIX A

                               NOTICE OF EXERCISE

ADZONE RESEARCH, INC.

           Re:  Nonstatutory Stock Option

           Notice is hereby given pursuant to Section 6 of my Nonstatutory Stock
Option  Agreement  that I elect to purchase the number of shares set forth below
at the exercise price set forth in my option agreement:

           Nonstatutory Stock Option Agreement dated: ____________

           Number of shares being purchased: ____________

           Exercise Price: $____________

           A check in the  amount of the  aggregate  price of the  shares  being
purchased is attached.

           I hereby confirm that such shares are being acquired by me for my own
account  for  investment  purposes,  and not with a view to,  or for  resale  in
connection  with,  any  distribution  thereof.  I will not sell or dispose of my
Shares in violation of the Securities Act of 1933, as amended, or any applicable
federal or state securities laws.  Further, I understand that the exemption from
taxable  income at the time of exercise is dependent  upon my holding such stock
for a period of at least one year from the date of  exercise  and two years from
the date of grant of the Option.

           I understand that the certificate representing the Option Shares will
bear a restrictive  legend within the contemplation of the Securities Act and as
required  by such other  state or federal law or  regulation  applicable  to the
issuance or delivery of the Option Shares.

           I agree to  provide  to the  Company  such  additional  documents  or
information as may be required  pursuant to the Company's  2004 INCENTIVE  STOCK
PLAN.

                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

                                   Appendix A

<PAGE>

EXHIBIT C

                              ADZONE RESEARCH, INC.

STOCK AWARD AGREEMENT

================================================================================

           THIS STOCK AWARD AGREEMENT  ("AGREEMENT") is made and entered into as
of the date set forth below,  by and between ADZONE  RESEARCH,  INC., a Delaware
corporation  (the  "COMPANY"),  and the employee,  director or consultant of the
Company named in Section 1(b). ("GRANTEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1. Stock Award Information.

                     (a) Date of Option:
                                           ------------------------
                     (b) Optionee:
                                           ------------------------
                     (c) Number of Shares:
                                           ------------------------
                     (d) Exercise Price:
                                           ------------------------

           2.  Acknowledgements.

                     (a) Grantee  is  a  [employee/director/consultant]  of  the
           Company.

                     (b) The  Company has  adopted a 2004  INCENTIVE  STOCK PLAN
           (the "PLAN") under which the Company's  common stock ("STOCK") may be
           offered to directors, officers, employees and consultants pursuant to
           an exemption from  registration  under the Securities Act of 1933, as
           amended (the "SECURITIES ACT") provided by Rule 701 thereunder.

           3. Shares;  Value.  The Company  hereby  grants to Grantee,  upon and
subject to the terms and conditions herein stated, the number of shares of Stock
set forth in Section  1(c) (the  "SHARES"),  which  Shares have a fair value per
share ("ORIGINAL  VALUE") equal to the amount set forth in Section 1(d). For the
purpose of this  Agreement,  the terms  "SHARE" or  "SHARES"  shall  include the
original Shares plus any shares derived  therefrom,  regardless of the fact that
the  number,  attributes  or par value of such  Shares may have been  altered by
reason of any recapitalization,  subdivision,  consolidation,  stock dividend or
amendment of the corporate charter of the Company.  The number of Shares covered
by this  Agreement  and the  Original  Value  thereof  shall be  proportionately
adjusted for any increase or decrease in the number of issued  shares  resulting
from a  recapitalization,  subdivision or consolidation of shares or the payment
of a stock  dividend,  or any other  increase  or decrease in the number of such
shares effected without receipt of consideration by the Company.

           4. Investment  Intent.  Grantee represents and agrees that Grantee is
accepting  the Shares for the purpose of  investment  and not with a view to, or
for resale in connection with, any distribution thereof; and that, if requested,
Grantee  shall  furnish  to the  Company a  written  statement  to such  effect,
satisfactory to the Company in form and substance.  If the Shares are registered
under the Securities Act, Grantee shall be relieved of the foregoing  investment
representation  and  agreement  and shall not be required to furnish the Company
with the foregoing written statement.

<PAGE>

           5. Restriction Upon Transfer. The Shares may not be sold, transferred
or otherwise  disposed of and shall not be pledged or otherwise  hypothecated by
the Grantee except as hereinafter provided.

                     (a) Repurchase  Right on Termination  Other Than for Cause.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence  of one of (i)  termination  of Grantee's  employment  [or
           service  as a  director/consultant]  by  the  Company,  voluntary  or
           involuntary  and with or without cause;  (ii)  retirement or death of
           Grantee;  (iii) bankruptcy of Grantee,  which shall be deemed to have
           occurred as of the date on which a voluntary or involuntary  petition
           in bankruptcy is filed with a court of competent  jurisdiction;  (iv)
           dissolution of the marriage of Grantee, to the extent that any of the
           Shares are  allocated as the sole and separate  property of Grantee's
           spouse pursuant thereto (in which case, this Section shall only apply
           to the Shares so  affected);  or (v) any  attempted  transfer  by the
           Grantee of Shares,  or any  interest  therein,  in  violation of this
           Agreement.  Upon the  occurrence of a Repurchase  Event,  the Company
           shall have the right (but not an  obligation)  to purchase all or any
           portion of the Shares of Grantee,  at a price equal to the fair value
           of the Shares as of the date of the Repurchase Event.

                     (b) Repurchase Right on Termination for Cause. In the event
           Grantee's  employment  [or  service  as  a  director/consultant]   is
           terminated  by the Company "for cause" (as defined  below),  then the
           Company  shall have the right  (but not an  obligation)  to  purchase
           Shares of Grantee at a price equal to the Original Value.  Such right
           of the Company to purchase  Shares  shall apply to 100% of the Shares
           for  one  (1)  year  from  the  date of  this  Agreement;  and  shall
           thereafter lapse at the rate of twenty percent (20%) of the Shares on
           each  anniversary  of the date of this  Agreement.  In addition,  the
           Company shall have the right, in the sole discretion of the Board and
           without  obligation,  to repurchase upon termination for cause all or
           any  portion of the Shares of  Grantee,  at a price equal to the fair
           value of the Shares as of the date of termination, which right is not
           subject to the foregoing lapsing of rights. Termination of employment
           [or service as a  director/consultant]  "for  cause"  means (i) as to
           employees or  consultants,  termination  for cause as contemplated by
           the Delaware Labor Code and case law related  thereto,  or as defined
           in the Plan,  this  Agreement or in any  employment  [or  consulting]
           agreement  between the Company and Grantee,  or (ii) as to directors,
           removal  pursuant to the Delaware  corporation  law. In the event the
           Company  elects  to  purchase  the  Shares,  the  stock  certificates
           representing  the same shall forthwith be returned to the Company for
           cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  Repurchase  Right
           under  Paragraphs 4(a) or 4(b) shall be exercised by giving notice of
           exercise as provided  herein to Grantee or the estate of Grantee,  as
           applicable.  Such right shall be exercised,  and the repurchase price
           thereunder  shall be paid,  by the  Company  within a ninety (90) day
           period  beginning  on  the  date  of  notice  to the  Company  of the
           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  or cessation of services as director,  where such option
           period shall begin upon the occurrence of the Repurchase Event). Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase  money  indebtedness  of the Grantee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the financial  tests set forth in the Delaware  corporation  law, the
           Company  shall  have the right to  purchase  as many  Shares as it is

                                      -2-
<PAGE>

           permitted to purchase under such  sections.  Any Shares not purchased
           by the Company hereunder shall no longer be subject to the provisions
           of this Section 5.

                     (d) Right of First Refusal. In the event Grantee desires to
           transfer any Shares during his or her  lifetime,  Grantee shall first
           offer to sell such Shares to the Company.  Grantee  shall  deliver to
           the  Company  written  notice of the  intended  sale,  such notice to
           specify the number of Shares to be sold, the proposed  purchase price
           and terms of payment, and grant the Company an option for a period of
           thirty days following  receipt of such notice to purchase the offered
           Shares upon the same terms and  conditions.  To exercise such option,
           the  Company  shall give  notice of that fact to  Grantee  within the
           thirty (30) day notice period and agree to pay the purchase  price in
           the manner  provided in the notice.  If the Company does not purchase
           all of the Shares so offered during foregoing option period,  Grantee
           shall be under no obligation to sell any of the offered Shares to the
           Company, but may dispose of such Shares in any lawful manner during a
           period of one hundred and eighty (180) days following the end of such
           notice period,  except that Grantee shall not sell any such Shares to
           any other person at a lower price or upon more  favorable  terms than
           those offered to the Company.

                     (e)  Acceptance of  Restrictions.  Acceptance of the Shares
           shall constitute the Grantee's agreement to such restrictions and the
           legending of his certificates  with respect thereto.  Notwithstanding
           such restrictions,  however,  so long as the Grantee is the holder of
           the Shares,  or any portion thereof,  he shall be entitled to receive
           all  dividends  declared  on and to vote the  Shares and to all other
           rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this  Section 5 to the  contrary,  the  Grantee may  transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren,  or a trust for the benefit of the Grantee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Grantee  herein shall in such cases refer  mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 5(a) wherein the permitted  transfer  shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Grantee and the Company.

                     (g)  Release  of  Restrictions  on  Shares.  All rights and
           restrictions  under  this  Section 5 shall  terminate  five (5) years
           following  the  date  of  this  Agreement,   or  when  the  Company's
           securities are publicly traded, whichever occurs earlier.

           6. Representations and Warranties of the Grantee.  This Agreement and
the  issuance  and  grant of the  Shares  hereunder  is made by the  Company  in
reliance upon the express  representations and warranties of the Grantee,  which
by acceptance hereof the Grantee confirms that:

                     (a) The Shares  granted to him  pursuant to this  Agreement
           are  being  acquired  by him  for  his own  account,  for  investment
           purposes, and not with a view to, or for sale in connection with, any
           distribution of the Shares. It is understood that the Shares have not

                                      -3-
<PAGE>

           been registered under the Act by reason of a specific  exemption from
           the  registration  provisions of the Act which  depends,  among other
           things, upon the bona fide nature of his representations as expressed
           herein;

                     (b) The Shares must be held by him indefinitely unless they
           are  subsequently  registered  under the Act and any applicable state
           securities laws, or an exemption from such registration is available.
           The Company is under no  obligation to register the Shares or to make
           available any such exemption; and

                     (c) Grantee further  represents that Grantee has had access
           to the financial  statements or books and records of the Company, has
           had the  opportunity  to ask questions of the Company  concerning its
           business, operations and financial condition and to obtain additional
           information  reasonably  necessary  to verify  the  accuracy  of such
           information,

                     (d) Unless and until the Shares  represented  by this Grant
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE   SECURITIES  HAVE  NOT  BEEN  REGISTERED  OR  OTHERWISE
           QUALIFIED  UNDER THE SECURITIES  ACT OF 1933 (THE  'SECURITIES
           ACT') OR UNDER THE APPLICABLE OR SECURITIES LAWS OF ANY STATE.
           NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD,
           TRANSFERRED,  PLEDGED OR OTHERWISE  DISPOSED OF IN THE ABSENCE
           OF  REGISTRATION  UNDER THE  SECURITIES  ACT OR ANY APPLICABLE
           SECURITIES  LAWS OF ANY STATE,  UNLESS  PURSUANT TO EXEMPTIONS
           THEREFROM.

           THE SHARES  REPRESENTED BY THIS  CERTIFICATE  HAVE BEEN ISSUED
           PURSUANT  TO  THAT  CERTAIN   STOCK  AWARD   AGREEMENT   DATED
           ____________   BETWEEN  THE  COMPANY  AND  THE  ISSUEE   WHICH
           RESTRICTS  THE  TRANSFER OF THESE  SHARES WHICH ARE SUBJECT TO
           REPURCHASE BY THE COMPANY UNDER CERTAIN CONDITIONS.

           and/or  such other  legend or legends as the  Company and its counsel
           deem necessary or appropriate. Appropriate stop transfer instructions
           with  respect  to the  Shares  have been  placed  with the  Company's
           transfer agent.

                     (e)  Grantee  understands  that  he or she  will  recognize
           income, for Federal and state income tax purposes, in an amount equal
           to the amount by which the fair market value of the Shares, as of the
           date of  grant,  exceeds  the  price  paid by  Grantee,  if any.  The
           acceptance of the Shares by Grantee shall  constitute an agreement by
           Grantee to report such income in accordance with then applicable law.
           Withholding  for federal or state income and  employment tax purposes
           will be made, if and as required by law, from  Grantee's then current
           compensation,  or, if such current  compensation  is  insufficient to

                                      -4-
<PAGE>

           satisfy withholding tax liability, the Company may require Grantee to
           make a cash payment to cover such liability.

           7. Stand-off  Agreement.  Grantee agrees that, in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the Company's securities, Grantee shall not sell, short any sale of, loan, grant
an option  for,  or  otherwise  dispose of any of the Shares  (other than Shares
included in the offering)  without the prior  written  consent of the Company or
such  managing  underwriter,  as  applicable,  for a period of at least one year
following the effective date of  registration  of such offering.  This Section 8
shall survive any termination of this Agreement.

           8.  Termination of Agreement.  This Agreement  shall terminate on the
occurrence  of any one of the  following  events:  (a) written  agreement of all
parties  to that  effect;  (b) a  proposed  dissolution  or  liquidation  of the
Company,  a merger or  consolidation  in which the Company is not the  surviving
entity, or a sale of all or substantially all of the assets of the Company;  (c)
the closing of any public offering of common stock of the Company pursuant to an
effective  registration  statement under the Securities Act; or (d) dissolution,
bankruptcy, or insolvency of the Company.

           9.  Agreement  Subject to Plan;  Applicable  Law.  This Grant is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Grantee,  at no charge, at the principal office of the
Company.  Any provision of this  Agreement  inconsistent  with the Plan shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Grant shall be governed by the laws of the State of Delaware  and subject to the
exclusive jurisdiction of the courts therein.

           10. Miscellaneous.

                     (a) Notices.  Any notice  required to be given  pursuant to
           this Agreement or the Plan shall be in writing and shall be deemed to
           have been duly  delivered  upon receipt or, in the case of notices by
           the Company,  five (5) days after deposit in the U.S.  mail,  postage
           prepaid, addressed to Grantee at the last address provided by Grantee
           for use in the Company's records.

                     (b) Entire Agreement.  This instrument constitutes the sole
           agreement of the parties hereto with respect to the Shares. Any prior
           agreements,  promises or  representations  concerning  the Shares not
           included or  reference  herein  shall be of no force or effect.  This
           Agreement shall be binding on, and shall inure to the benefit of, the
           Parties  hereto  and  their  respective  transferees,   heirs,  legal
           representatives, successors, and assigns.

                     (c)  Enforcement.  This  Agreement  shall be  construed  in
           accordance  with,  and governed by, the laws of the State of Delaware
           and subject to the exclusive  jurisdiction  of the courts  located in
           St. Johns County, State of Delaware.  If Grantee attempts to transfer
           any of the Shares subject to this Agreement,  or any interest in them
           in violation of the terms of this Agreement, the Company may apply to
           any  court  for  an  injunctive   order   prohibiting  such  proposed
           transaction,  and the Company may institute and maintain  proceedings
           against  Grantee to compel  specific  performance  of this  Agreement
           without  the  necessity  of proving  the  existence  or extent of any

                                      -5-
<PAGE>

           damages to the  Company.  Any such  attempted  transaction  shares in
           violation of this Agreement shall be null and void.

                     (d) Validity of Agreement. The provisions of this Agreement
           may be waived,  altered,  amended, or repealed,  in whole or in part,
           only on the  written  consent of all parties  hereto.  It is intended
           that each Section of this  Agreement  shall be viewed as separate and
           divisible,  and in the  event  that any  Section  shall be held to be
           invalid,  the remaining  Sections  shall continue to be in full force
           and effect.

           IN WITNESS  WHEREOF,  the parties have executed this  Agreement as of
the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

             (ONE OF THE FOLLOWING, AS APPROPRIATE, SHALL BE SIGNED)

I certify that as of the date               By his or her signature, the spouse
hereof I am unmarried                       of Grantee hereby agrees to be
                                            bound by the provisions of the
                                            foregoing STOCK AWARD AGREEMENT

--------------------------------            -----------------------------------
           Optionee                                 Spouse of Optionee

                                       -6-
<PAGE>

EXHIBIT D

                              ADZONE RESEARCH, INC.
                       RESTRICTED STOCK PURCHASE AGREEMENT

================================================================================

           THIS RESTRICTED  STOCK PURCHASE  AGREEMENT  ("AGREEMENT") is made and
entered into as of the date set forth  below,  by and between  ADZONE  RESEARCH,
INC., a Delaware  corporation  (the  "COMPANY"),  and the employee,  director or
consultant of the Company named in Section 1(b). ("GRANTEE"):

           In  consideration  of the  covenants  herein set forth,  the  parties
hereto agree as follows:

           1. Stock Purchase Information.

                     (a) Date of Option:
                                           ------------------------
                     (b) Optionee:
                                           ------------------------
                     (c) Number of Shares:
                                           ------------------------
                     (d) Exercise Price:
                                           ------------------------

           2.  Acknowledgements.

                     (a)  Grantee  is a  [employee/director/consultant]  of  the
           Company.

                     (b) The  Company has  adopted a 2004  INCENTIVE  STOCK PLAN
           (the "PLAN") under which the Company's  common stock ("STOCK") may be
           offered to officers, employees, directors and consultants pursuant to
           an exemption from  registration  under the Securities Act of 1933, as
           amended (the "SECURITIES ACT") provided by Rule 701 thereunder.

                     (c) The Grantee desires to purchase shares of the Company's
           common stock on the terms and conditions set forth herein.

           3. Purchase of Shares.  The Company hereby agrees to sell and Grantee
hereby agrees to purchase,  upon and subject to the terms and conditions  herein
stated,  the number of shares of Stock set forth in Section 1(c) (the "SHARES"),
at the price per Share set forth in Section 1(d) (the "PRICE").  For the purpose
of this  Agreement,  the terms  "SHARE" or "Shares"  shall  include the original
Shares  plus any  shares  derived  therefrom,  regardless  of the fact  that the
number,  attributes  or par value of such Shares may have been altered by reason
of any recapitalization, subdivision, consolidation, stock dividend or amendment
of the corporate  charter of the Company.  The number of Shares  covered by this
Agreement shall be proportionately  adjusted for any increase or decrease in the
number  of issued  shares  resulting  from a  recapitalization,  subdivision  or
consolidation  of  shares  or the  payment  of a stock  dividend,  or any  other
increase or decrease in the number of such shares  effected  without  receipt of
consideration by the Company.

           4. Investment  Intent.  Grantee represents and agrees that Grantee is
accepting  the Shares for the purpose of  investment  and not with a view to, or
for resale in connection with, any distribution thereof; and that, if requested,

                                      -7-
<PAGE>

Grantee  shall  furnish  to the  Company a  written  statement  to such  effect,
satisfactory to the Company in form and substance.  If the Shares are registered
under the Securities Act, Grantee shall be relieved of the foregoing  investment
representation  and  agreement  and shall not be required to furnish the Company
with the foregoing written statement.

           5. Restriction Upon Transfer. The Shares may not be sold, transferred
or otherwise  disposed of and shall not be pledged or otherwise  hypothecated by
the Grantee except as hereinafter provided.

                     (a) Repurchase  Right on Termination  Other Than for Cause.
           For the purposes of this Section,  a "REPURCHASE EVENT" shall mean an
           occurrence  of one of (i)  termination  of Grantee's  employment  [or
           service  as a  director/consultant]  by  the  Company,  voluntary  or
           involuntary  and with or without cause;  (ii)  retirement or death of
           Grantee;  (iii) bankruptcy of Grantee,  which shall be deemed to have
           occurred as of the date on which a voluntary or involuntary  petition
           in bankruptcy is filed with a court of competent  jurisdiction;  (iv)
           dissolution of the marriage of Grantee, to the extent that any of the
           Shares are  allocated as the sole and separate  property of Grantee's
           spouse pursuant thereto (in which case, this Section shall only apply
           to the Shares so  affected);  or (v) any  attempted  transfer  by the
           Grantee of Shares,  or any  interest  therein,  in  violation of this
           Agreement.  Upon the  occurrence of a Repurchase  Event,  the Company
           shall have the right (but not an obligation) to repurchase all or any
           portion of the  Shares of Grantee at a price  equal to the fair value
           of the Shares as of the date of the Repurchase Event.

                     (b) Repurchase Right on Termination for Cause. In the event
           Grantee's  employment  [or  service  as  a  director/consultant]   is
           terminated  by the Company "for cause" (as defined  below),  then the
           Company  shall have the right (but not an  obligation)  to repurchase
           Shares of  Grantee at a price  equal to the Price.  Such right of the
           Company to  repurchase  Shares  shall apply to 100% of the Shares for
           one (1) year from the date of this  Agreement;  and shall  thereafter
           lapse at the rate of  twenty  percent  (20%)  of the  Shares  on each
           anniversary of the date of this Agreement.  In addition,  the Company
           shall have the right, in the sole discretion of the Board and without
           obligation,  to  repurchase  upon  termination  for  cause all or any
           portion of the Shares of Grantee,  at a price equal to the fair value
           of the  Shares  as of the  date of  termination,  which  right is not
           subject to the foregoing lapsing of rights. Termination of employment
           [or service as a  director/consultant]  "for  cause"  means (i) as to
           employees and  consultants,  termination for cause as contemplated by
           the Delaware Labor Code and case law related  thereto,  or as defined
           in the Plan,  this  Agreement or in any  employment  [or  consulting]
           agreement  between the Company and Grantee,  or (ii) as to directors,
           removal  pursuant to the Delaware  corporation  law. In the event the
           Company  elects to  repurchase  the  Shares,  the stock  certificates
           representing  the same shall forthwith be returned to the Company for
           cancellation.

                     (c) Exercise of  Repurchase  Right.  Any  Repurchase  Right
           under  Paragraphs 4(a) or 4(b) shall be exercised by giving notice of
           exercise as provided  herein to Grantee or the estate of Grantee,  as
           applicable.  Such right shall be exercised,  and the repurchase price
           thereunder  shall be paid,  by the  Company  within a ninety (90) day
           period  beginning  on  the  date  of  notice  to the  Company  of the

                                      -8-
<PAGE>

           occurrence  of  such   Repurchase   Event  (except  in  the  case  of
           termination  of  employment or  retirement,  where such option period
           shall  begin  upon the  occurrence  of the  Repurchase  Event).  Such
           repurchase price shall be payable only in the form of cash (including
           a check drafted on immediately  available  funds) or  cancellation of
           purchase  money  indebtedness  of the Grantee for the Shares.  If the
           Company can not purchase all such Shares because it is unable to meet
           the financial  tests set forth in the Delaware  corporation  law, the
           Company  shall  have the right to  purchase  as many  Shares as it is
           permitted to purchase under such  sections.  Any Shares not purchased
           by the Company hereunder shall no longer be subject to the provisions
           of this Section 5.

                     (d) Right of First Refusal. In the event Grantee desires to
           transfer any Shares during his or her  lifetime,  Grantee shall first
           offer to sell such Shares to the Company.  Grantee  shall  deliver to
           the  Company  written  notice of the  intended  sale,  such notice to
           specify the number of Shares to be sold, the proposed  purchase price
           and terms of payment, and grant the Company an option for a period of
           thirty days following  receipt of such notice to purchase the offered
           Shares upon the same terms and  conditions.  To exercise such option,
           the  Company  shall give  notice of that fact to  Grantee  within the
           thirty (30) day notice period and agree to pay the purchase  price in
           the manner  provided in the notice.  If the Company does not purchase
           all of the Shares so offered during foregoing option period,  Grantee
           shall be under no obligation to sell any of the offered Shares to the
           Company, but may dispose of such Shares in any lawful manner during a
           period of one hundred and eighty (180) days following the end of such
           notice period,  except that Grantee shall not sell any such Shares to
           any other person at a lower price or upon more  favorable  terms than
           those offered to the Company.

                     (e)  Acceptance of  Restrictions.  Acceptance of the Shares
           shall constitute the Grantee's agreement to such restrictions and the
           legending of his certificates  with respect thereto.  Notwithstanding
           such restrictions,  however,  so long as the Grantee is the holder of
           the Shares,  or any portion thereof,  he shall be entitled to receive
           all  dividends  declared  on and to vote the  Shares and to all other
           rights of a shareholder with respect thereto.

                     (f) Permitted Transfers.  Notwithstanding any provisions in
           this  Section 5 to the  contrary,  the  Grantee may  transfer  Shares
           subject to this Agreement to his or her parents, spouse, children, or
           grandchildren,  or a trust for the benefit of the Grantee or any such
           transferee(s); provided, that such permitted transferee(s) shall hold
           the  Shares  subject to all the  provisions  of this  Agreement  (all
           references  to the Grantee  herein shall in such cases refer  mutatis
           mutandis to the  permitted  transferee,  except in the case of clause
           (iv) of Section 5(a) wherein the permitted  transfer  shall be deemed
           to be rescinded);  and provided  further,  that  notwithstanding  any
           other provisions in this Agreement,  a permitted  transferee may not,
           in turn, make permitted  transfers without the written consent of the
           Grantee and the Company.

                     (g)  Release  of  Restrictions  on  Shares.  All rights and
           restrictions  under  this  Section 5 shall  terminate  five (5) years
           following the date upon which the Company  receives the full Price as

                                      -9-
<PAGE>

           set forth in Section 3, or when the Company's securities are publicly
           traded, whichever occurs earlier.

           5. Representations and Warranties of the Grantee.  This Agreement and
the  issuance  and  grant of the  Shares  hereunder  is made by the  Company  in
reliance upon the express  representations and warranties of the Grantee,  which
by acceptance hereof the Grantee confirms that:

                     (a) The Shares  granted to him  pursuant to this  Agreement
           are  being  acquired  by him  for  his own  account,  for  investment
           purposes, and not with a view to, or for sale in connection with, any
           distribution of the Shares. It is understood that the Shares have not
           been registered under the Act by reason of a specific  exemption from
           the  registration  provisions of the Act which  depends,  among other
           things, upon the bona fide nature of his representations as expressed
           herein;

                     (b) The Shares must be held by him indefinitely unless they
           are  subsequently  registered  under the Act and any applicable state
           securities laws, or an exemption from such registration is available.
           The Company is under no  obligation to register the Shares or to make
           available any such exemption; and

                     (c) Grantee further  represents that Grantee has had access
           to the financial  statements or books and records of the Company, has
           had the  opportunity  to ask questions of the Company  concerning its
           business, operations and financial condition and to obtain additional
           information  reasonably  necessary  to verify  the  accuracy  of such
           information;

                     (d) Unless and until the Shares  represented  by this Grant
           are   registered   under  the   Securities   Act,  all   certificates
           representing the Shares and any certificates  subsequently  issued in
           substitution  therefor and any certificate for any securities  issued
           pursuant to any stock split, share  reclassification,  stock dividend
           or other similar  capital  event shall bear legends in  substantially
           the following form:

           THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  OR OTHERWISE  QUALIFIED
           UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES  ACT') OR UNDER THE
           APPLICABLE OR SECURITIES LAWS OF ANY STATE.  NEITHER THESE SECURITIES
           NOR  ANY  INTEREST  THEREIN  MAY BE  SOLD,  TRANSFERRED,  PLEDGED  OR
           OTHERWISE  DISPOSED  OF IN THE  ABSENCE  OF  REGISTRATION  UNDER  THE
           SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS
           PURSUANT TO EXEMPTIONS THEREFROM.

           THE SHARES  REPRESENTED BY THIS CERTIFICATE HAVE BEEN ISSUED PURSUANT
           TO  THAT  CERTAIN   RESTRICTED   STOCK   PURCHASE   AGREEMENT   DATED
           ____________  BETWEEN THE COMPANY AND THE ISSUEE WHICH  RESTRICTS THE
           TRANSFER  OF THESE  SHARES  WHICH ARE  SUBJECT TO  REPURCHASE  BY THE
           COMPANY UNDER CERTAIN CONDITIONS.

                                      -10-
<PAGE>

           and/or  such other  legend or legends as the  Company and its counsel
           deem necessary or appropriate. Appropriate stop transfer instructions
           with  respect  to the  Shares  have been  placed  with the  Company's
           transfer agent.

                     (e)  Grantee  understands  that  he or she  will  recognize
           income, for Federal and state income tax purposes, in an amount equal
           to the amount by which the fair market value of the Shares, as of the
           date of Grant,  exceeds the price paid by Grantee.  The acceptance of
           the Shares by Grantee  shall  constitute  an  agreement by Grantee to
           report  such  income  in  accordance   with  then   applicable   law.
           Withholding  for federal or state income and  employment tax purposes
           will be made, if and as required by law, from  Grantee's then current
           compensation,  or, if such current  compensation  is  insufficient to
           satisfy withholding tax liability, the Company may require Grantee to
           make a cash payment to cover such liability.

           7. Stand-off  Agreement.  Grantee agrees that, in connection with any
registration of the Company's  securities under the Securities Act, and upon the
request of the Company or any underwriter  managing an underwritten  offering of
the Company's securities, Grantee shall not sell, short any sale of, loan, grant
an option  for,  or  otherwise  dispose of any of the Shares  (other than Shares
included in the offering)  without the prior  written  consent of the Company or
such  managing  underwriter,  as  applicable,  for a period of at least one year
following the effective date of  registration  of such offering.  This Section 8
shall survive any termination of this Agreement.

           8.  Termination of Agreement.  This Agreement  shall terminate on the
occurrence  of any one of the  following  events:  (a) written  agreement of all
parties  to that  effect;  (b) a  proposed  dissolution  or  liquidation  of the
Company,  a merger or  consolidation  in which the Company is not the  surviving
entity, or a sale of all or substantially all of the assets of the Company;  (c)
the closing of any public offering of common stock of the Company pursuant to an
effective registration statement under the Act; or (d) dissolution,  bankruptcy,
or insolvency of the Company.

           9.  Agreement  Subject to Plan;  Applicable  Law.  This Grant is made
pursuant to the Plan and shall be  interpreted  to comply  therewith.  A copy of
such Plan is available to Grantee,  at no charge, at the principal office of the
Company.  Any provision of this  Agreement  inconsistent  with the Plan shall be
considered  void and replaced with the  applicable  provision of the Plan.  This
Grant shall be governed by the laws of the State of Delaware  and subject to the
exclusive jurisdiction of the courts therein.

           10. Miscellaneous.

                     (a) Notices.  Any notice  required to be given  pursuant to
           this Agreement or the Plan shall be in writing and shall be deemed to
           have been duly  delivered  upon receipt or, in the case of notices by
           the Company,  five (5) days after deposit in the U.S.  mail,  postage
           prepaid, addressed to Grantee at the last address provided by Grantee
           for use in the Company's records.

                                      -11-
<PAGE>

                     (b) Entire Agreement.  This instrument constitutes the sole
           agreement of the parties hereto with respect to the Shares. Any prior
           agreements,  promises or  representations  concerning  the Shares not
           included or  reference  herein  shall be of no force or effect.  This
           Agreement shall be binding on, and shall inure to the benefit of, the
           Parties  hereto  and  their  respective  transferees,   heirs,  legal
           representatives, successors, and assigns.

                     (c)  Enforcement.  This  Agreement  shall be  construed  in
           accordance  with,  and governed by, the laws of the State of Delaware
           and subject to the exclusive  jurisdiction  of the courts  located in
           St. Johns County, State of Delaware.  If Grantee attempts to transfer
           any of the Shares subject to this Agreement,  or any interest in them
           in violation of the terms of this Agreement, the Company may apply to
           any  court  for  an  injunctive   order   prohibiting  such  proposed
           transaction,  and the Company may institute and maintain  proceedings
           against  Grantee to compel  specific  performance  of this  Agreement
           without  the  necessity  of proving  the  existence  or extent of any
           damages to the  Company.  Any such  attempted  transaction  shares in
           violation of this Agreement shall be null and void.

                     (d) Validity of Agreement. The provisions of this Agreement
           may be waived,  altered,  amended, or repealed,  in whole or in part,
           only on the  written  consent of all parties  hereto.  It is intended
           that each Section of this  Agreement  shall be viewed as separate and
           divisible,  and in the  event  that any  Section  shall be held to be
           invalid,  the remaining  Sections  shall continue to be in full force
           and effect.

           IN WITNESS  WHEREOF,  the parties have executed this  Agreement as of
the date first above written.

                               COMPANY:        ADZONE RESEARCH, INC.,
                                               a Delaware corporation

                                               By:
                                                   --------------------------
                                               Name:
                                                     ------------------------
                                               Title:
                                                      -----------------------
                     OPTIONEE:
                                               By:
                                                   --------------------------
                                                   (signature)
                                               Name:
                                                     ------------------------

                                      -12-Exhibit 4.1

                              LTC PROPERTIES, INC.

                       ARTICLES SUPPLEMENTARY CLASSIFYING
                        AN ADDITIONAL 2,640,000 SHARES OF
                     8% SERIES F CUMULATIVE PREFERRED STOCK

                  LTC   Properties,    Inc.,   a   Maryland   corporation   (the
"Corporation"),  certifies to the Maryland State  Department of Assessments  and
Taxation (the "Department") that:

                  FIRST: By Articles Supplementary filed with the Department on
February 19, 2004 (the "February 19, 2004 Articles Supplementary"), the
Corporation classified 4,000,000 shares of its authorized but unissued Preferred
Stock, par value $.01 per share ("Preferred Stock"), as a separate series of
Preferred Stock designated as "8% Series F Cumulative Preferred Stock" (the
"Series F Preferred Stock"), and set the preferences, conversion and other
rights, voting powers, restrictions, limitations as to dividends,
qualifications, terms and conditions of redemption and other terms and
conditions of such Series F Preferred Stock, all as set forth in the February
19, 2004 Articles Supplementary.

                  SECOND: The Board of Directors of the Corporation (the "Board
of Directors"), by unanimous written consent dated February 17, 2004, and a duly
appointed committee of the Board of Directors (the "Preferred Stock Terms
Committee"), by unanimous written consent dated February 18, 2004, pursuant to
the authority conferred on the Preferred Stock Terms Committee by the Board of
Directors, adopted resolutions which authorized the issuance of 4,000,000 shares
of Series F Preferred Stock.

                  THIRD: Pursuant to the authority expressly vested in the Board
of Directors of the Corporation by Article SEVENTH of the Corporation's Articles
of Amendment and Restatement filed with the Department on August 3, 1992, as
amended and supplemented (the "Charter"), and Section 2-105 of the Maryland
General Corporation Law ("MGCL"), the Board of Directors, by unanimous written
consent dated July 15, 2004, and the Preferred Stock Terms Committee, by
unanimous written consent adopted on July 15, 2004, pursuant to the authority
conferred on the Preferred Stock Terms Committee by the Board of Directors,
adopted resolutions which classified 2,640,000 shares of authorized but unissued
Preferred Stock as additional shares of Series F Preferred Stock, having the
preferences, conversion and other rights, voting powers, restrictions,
limitations as to dividends, qualifications, terms and conditions of redemption
and other terms and conditions as set forth in the February 19, 2004 Articles
Supplementary, and authorized the issuance of up to 2,640,000 of such additional
Series F Preferred Stock.

                  FOURTH: The additional 2,640,000 shares of Series F Preferred
Stock have been classified and designated by the Board of Directors, and the
Preferred Stock Terms Committee, under the authority contained in the Charter,
such that the additional 2,640,000 shares of Series F Preferred Stock, combined
with the 4,000,000 shares of Series F Preferred Stock classified in the February
19, 2004 Articles Supplementary, will comprise one and the same series of
Preferred Stock of the Corporation.

<PAGE>

                  FIFTH: These Articles Supplementary have been approved by the
Board of Directors, and the Preferred Stock Terms Committee, pursuant to the
authority conferred upon the Preferred Stock Terms Committee by the Board of
Directors, in the manner and by the vote required by law. No stockholder of the
Corporation has any voting rights with respect to these Articles Supplementary.

                  SIXTH: The total number of shares of Preferred Stock that the
Corporation has authority to issue is 15,000,000 shares. Immediately prior to
the adoption of the July 15, 2004 resolutions by the Preferred Stock Terms
Committee, and the filing of these Articles Supplementary, the total number of
shares of Preferred Stock of the Corporation classified as Series F Preferred
Stock was 4,000,000 shares. Immediately following the adoption of the July 15,
2004 resolutions by the Preferred Stock Terms Committee, and the filing of these
Articles Supplementary, the total number of shares of Preferred Stock of the
Corporation classified as Series F Preferred Stock is 6,640,000 shares.

                  SEVENTH: The undersigned Chairman of the Board of Directors,
President and Chief Executive Officer of the Corporation acknowledges these
Articles Supplementary to be the corporate act of the Corporation and, as to all
matters or facts required to be verified under oath, the undersigned Chairman of
the Board of Directors, President and Chief Executive Officer acknowledges that
to the best of his knowledge, information and belief, these matters and facts
are true in all material respects and that this statement is made under the
penalties for perjury.

                            [Signature Page Follows]

<PAGE>

         IN WITNESS WHEREOF, the Corporation has caused these Articles
Supplementary to be executed under seal in its name and on its behalf by its
Chairman of the Board, President and Chief Executive Officer and attested to by
its Corporate Secretary on this 15th day of July, 2004.

ATTEST:                           LTC PROPERTIES, INC.

/s/ Alex J. Chavez                By: /s/ Andre C. Dimitriadis
---------------------------       -------------------------------------------
Name:  Alex J. Chavez             Name:  Andre C. Dimitriadis
Title:  Corporate Secretary       Title: Chairman of the Board, President and
                                         Chief Executive Officer

                                                           [CORPORATE SEAL]

                                      S-1

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