Document:

Exhibit 10.1

                                                                Draft 12/__/00-1

                          EXECUTIVE EMPLOYMENT AGREEMENT

      AGREEMENT, dated as of the ___ day of December, 2000, by and between THE
LANGER BIOMECHANICS GROUP, INC., a New York corporation with offices at 450
Commack Road, Deer Park, NY 11729 ("Langer"), and ANDREW H. MEYERS, residing at
31 The Birches, Roslyn Estates, NY 11576 (the "Executive").

      WHEREAS, Langer is desirous of employing the Executive as the President
and Chief Executive Officer of Langer, and the Executive is desirous of serving
Langer in such capacities, all upon the terms and subject to the conditions
hereinafter provided.

      NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, the parties hereto, intending to be legally bound, agree as
follows:

      1. Employment.

      Langer agrees to employ the Executive, and the Executive agrees to be
employed by Langer, upon the terms and subject to the conditions of this
Agreement.

      2. Term.

      The term of the Executive's employment under this Agreement shall commence
on the date hereof and shall continue through December 31 2003 (the "Initial
Term"), unless earlier terminated as hereinafter provided. The Executive's
employment shall continue after the Initial Term on a year-to-year basis (each,
an "Additional Term" and, together with the Initial Term, the "Term") unless
either the Executive or Langer gives written notice to the other not later than
ninety (90) days prior to the expiration of the Initial Term or any such
Additional Term, as the case may be, of the decision not to extend the
Executive's employment.

      3. Duties; Efforts.

            (a) The Executive shall serve as President and Chief Executive
Officer of Langer. Subject to the general policy directions of the Board of
Directors of Langer (the "Board") and Langer's Certificate of Incorporation and
By-Laws, the Executive shall have complete supervision and control over, and
sole executive responsibility for, the business operations of Langer. The
Executive shall have such other duties as customarily performed by the President
and Chief Executive Officer and also have such other powers and duties as may
be, from time to time, prescribed by the Board, provided that the nature of the
Executive's powers and duties so prescribed shall not be inconsistent with the
Executive's position and duties hereunder.
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            The Executive shall report directly and exclusively to the Board,
and no other executive officer shall be appointed with authority over the
business operations of Langer or with authority otherwise superior to that of
the Executive. During the Term, at each annual meeting of shareholders (or at
any special meeting of shareholders at which directors are to be elected),
Langer shall nominate the Executive to serve on the Board and shall use its best
efforts to ensure that the Executive is elected a director of Langer.

            (b) The Executive shall devote all of his business time, attention
and energies to the business and affairs of Langer and its affiliated
corporations and shall use his best efforts to advance the best interests of
Langer; provided, however, that, it shall not be a violation of this Agreement
for the Executive to (i) serve on professional, industry, civic or charitable
boards, committees or organizations, (ii) manage passive personal investments,
(iii) serve on the board of directors of corporations not in competition with
Langer, (iv) engage in teaching, writing, lecturing and other educational
activities, (v) maintain professional appointments and affiliations with
hospitals and similar organizations and (vi) attend educational seminars and
executive courses and programs as referred to in Section 4(h) below, so long as
any such activities do not interfere with the performance of the Executive's
responsibilities as an employee of Langer in accordance with this Agreement.

            (c) The Executive's principal office location will be at Langer's
executive office at 450 Commack Road, Deer Park, NY.

      4. Compensation and Benefits.

            (a) Base Salary. Langer shall pay to the Executive an annual base
salary (the "Base Salary") of not less than $175,000, payable in accordance with
Langer's payroll practices for its executive employees. The Board will review
the Base Salary and other compensation received by the Executive not less than
annually during the Term with a view to increasing them based upon the
Executive's performance, the performance of Langer, inflation, then prevailing
industry salary scales and other relevant factors. The Base Salary provided
hereunder, as increased by the Board from time to time, shall not be reduced
below $175,000 without the Executive's consent.

            (b) (i) Annual Bonus. The Executive shall be eligible to receive,
with respect to each calendar year, a performance-based cash bonus (the
"Bonus"), in addition to and separate from the Executive's Base Salary. The
first such bonus shall be based on the calendar year commencing January 1,
2001.On or before March 1 of each year, the Executive shall prepare and submit
to the Compensation Committee for approval a Bonus Plan for executive employees
which (A) shall establish performance targets for the year and an objective
method of calculating bonuses for each covered executive (hereafter referred to
as an executive's "Bonus Opportunity"); and (B) will permit the Compensation
Committee to award additional amounts in

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its discretion, including amounts based upon revenues and/or profits achieved or
anticipated due to acquisitions.

            (c) Stock Options. In addition to the Executive's Base Salary and
Bonus, upon the execution of this Agreement, Langer shall grant to the Executive
options to purchase 175,000 shares of its common stock under Langer's 1992 Stock
Option Plan (the "Option Plan"), at an exercise price of $1.525 per share. The
Options shall be issued pursuant to a stock option agreement attached hereto as
Exhibit A. Of the foregoing, and subject to acceleration or termination under
certain circumstances as further provided below or in the Option Agreement,
Options for 58,333 shares shall vest on each of December 31, 2001 and December
31, 2002 and Options for 58,334 shares shall vest on December 31, 2003.

            (d) Out-of-Pocket Expenses. Langer shall promptly pay to the
Executive the reasonable expenses incurred by him in the performance of his
duties hereunder, including, without limitation, those incurred in connection
with business related travel or entertainment, or, if such expenses are paid
directly by the Executive, shall promptly reimburse him for such payment,
provided that the Executive properly accounts therefore in accordance with
Langer's policy. Langer shall make available to the Executive a company credit
card in the Executive's name for such purpose. The Compensation Committee may,
in consultation with the Executive, develop reasonable guidelines with respect
to the Executive's expenses consistent with his status and with a view to a
reasonable relationship between such expenses and the best interests of the
Company, to which guidelines the Executive will, in good faith, adhere, and from
which the Executive will not willfully and materially depart without prior
written approval.

            (e) Participation in Benefit Plans. The Executive, subject to
eligibility requirements applied generally, shall be entitled to participate in
or receive benefits under any pension plan, health and accident plan or any
other employee benefit plan or arrangement made available now or in the future
by Langer to its employees and senior executives including, without limitation,
401(k) plans, medical, dental, life and disability plans of Langer. Nothing
herein shall be deemed to require the Company to establish or retain any such
plans.

            (f) Key Man Life Insurance. Langer shall have the right to purchase
$5,000,000 of key-man life insurance on the Executive's life, at Langer's sole
expense. In addition, Langer agrees to purchase an additional $1,000,000 of life
insurance payable to a beneficiary designated by the Executive for so long as
the Executive is employed by Langer. The Executive shall (a) cooperate fully
with Langer in obtaining such life insurance, (b) sign any necessary consents,
applications and other related forms or documents and (c) take any reasonably
required medical examinations. The Executive does not represent that he is
insurable but he has no reason to believe he is not insurable. Langer agrees to
assign the $1,000,000 policy to the Executive or his designated beneficiary if
his employment is terminated for any reason, net of any cash value. Such policy
may be structured as "split-dollar" insurance or written in such other form such
that any cash value therein is retained by Langer upon such assignment.

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            (g) Vacation. The Executive shall be entitled to five (5) weeks of
paid in each calendar year (pro rated for the number of days in any such year
during which he is so employed) and to all paid holidays given by Langer to its
employees. No more than two consecutive weeks of vacation shall be taken at any
one time without the approval of the Compensation Committee, and the Executive
shall schedule vacations in a manner consistent with Langer's seasonal or other
significant business requirements.

            (h) Educational Seminars and Programs. Upon approval by the Board
(which approval shall not be unreasonably withheld), employee shall be entitled
to attend and Langer shall pay and/or reimburse the Executive, in amounts not
exceeding $20,000 per year, for executive educational seminars and/or executive
MBA programs and courses appropriate for executives of Executive's level.

      5. Termination and Termination Payments.

      The Executive's employment hereunder shall terminate upon the Executive's
death or the Executive's voluntarily leaving the employ of Langer (other than
for "Good Reason" (as defined in Section 5(c)), and may be terminated as
follows:

            (a) For Cause. Langer shall have the right to terminate the
Executive's employment for "Cause," and, subject to Langer's obligations under
Section 6(c), without Cause. A termination for "Cause" is a termination
evidenced by a resolution adopted by a vote of a majority of the members of the
entire Board finding that the Executive has:

                  (i) breached, failed or refused to comply with any of the
material terms of this Agreement, for reasons other than Good Reason or
Disability; or

                  (ii) refused or neglected to perform his material duties under
this Agreement, for reasons other than Good Reason or Disability; or

                  (iii) willfully or intentionally failed to carry out, in any
material respect, instructions of the Board which are not inconsistent with his
position;

                  (iv) been convicted of any act of fraud, larceny,
misappropriation of funds or embezzlement or of a crime other than traffic or
other misdemeanors; or

                  (v) been found personally (but not vicariously) guilty
(civilly or criminally) of acts constituting sexual harassment;

provided, however, that

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            (A) the case of clauses (i), (ii) and (iii) above, the Executive
shall receive thirty (30) days' advance written notice that the Board intends to
hold a meeting to consider the Executive's termination for Cause and specifying
the actions constituting Cause, during which period he shall have the
opportunity to cure the conduct constituting Cause;

            (B) the Executive shall be given a reasonable opportunity at such
meeting, accompanied by his counsel, to be heard by the Board on the issue prior
to the Board's vote on the matter;

            (C) any act, or failure to act, based upon authority given pursuant
to a resolution of the Board or based upon the advice of counsel for Langer
shall be conclusively presumed to be done, or omitted to be done, by the
Executive in good faith and in the best interests of Langer and shall not
constitute Cause; and

            (D) in the case of paragraphs (iv) and (v) above the Board may
terminate the Executive immediately upon delivery of a notice of termination.

            (b) Upon Death or For Disability. The Executive's employment with
Langer shall immediately terminate upon his death without any further action.
Langer shall have the right to terminate the Executive's employment immediately
upon delivery of notice to the Executive as a result of the Executive's
Disability. For purposes of this Agreement, a "Disability" shall be deemed to
have occurred

                  (i) if (A) the Executive has been unable due to any physical
or mental illness or injury substantially to perform his duties hereunder for at
least 90 consecutive days (exclusive of any vacation permitted under Section
4(g) hereof) (B) the Board delivers a written notice to the Executive
("Disability Notice") following such period stating that the Board intends to
terminate the Executive by reason of Disability but no earlier than the 120th
day following the onset of such Disability, and (C) the Executive in fact fails
to resume his full-time employment with Langer on or before the 120th day
following the onset of such Disability; or

                  (ii) if the Executive is unable, due to any physical or mental
illness or injury, substantially to perform his duties hereunder for more than
180 days in any 360 day period.

            (c) By the Executive for Good Reason. The Executive shall have the
right to terminate his employment with Langer for "Good Reason." For purposes of
this Agreement, "Good Reason" shall mean:

                  (i) Removal from, or failure to be reappointed, elected or
reelected to, his position as President and Chief Executive Officer or member of
the Board or the failure of

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the Company to renew this Agreement at the end of the Term for at least one (1)
year (other than for Cause or by reason of the Executive's death or Disability);
or

                  (ii) Material diminution in the Executive's title, position,
duties or responsibilities, or the assignment to the Executive of duties that
are inconsistent, in a material respect, with the scope of duties and
responsibilities associated with the positions specified in this Agreement,
excluding for this purpose an isolated, insubstantial and inadvertent action not
taken in bad faith; or

                  (iii) Reduction in the Executive's Base Salary or Bonus
Opportunity (as defined in Section 4(b)) or any failure by the Board to
implement or pay any compensation arrangements (including stock options)
contemplated by this Agreement; or

                  (iv) The breach, failure or refusal of Langer to comply with
any of its material obligations under this Agreement, in any case other than an
isolated, insubstantial and inadvertent failure;

                  (v) Failure of Langer to comply with any material regulatory
requirement applicable to it including, without limitation, the rules and
regulations of the Securities and Exchange Commission, which failure persists
for 30 days following written objection by the Executive to the compliance
status of Langer, unless such failure is caused by the Executive's acts or his
failure to act by virtue of his position as a director and/or officer of Langer;

                  (vi) Relocation of the offices of Langer without the consent
of the Executive to a location other than a location which is (A) in Long Island
but no more than fifty miles driving distance east from Executive's current
residence; or (B) in New York City (other than Staten Island) or lower
Westchester County.

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                  (vii) the failure of Langer to renew this Agreement for a
period of at least one (1) year as of the expiration of the Term or any extended
term hereof on substantially the same terms as are set forth in this Agreement;
or

                  (viii) The occurrence of a Change of Control (as such term is
defined in Section 12(b) herein); provided, however, that a Change of Control
shall be deemed Good Reason only if the Executive delivers to Langer a written
notice of resignation (which notice shall not be required to state any reason)
during the last 90 days of the 365 day period following the effective date of a
Change of Control, which resignation may be effective no earlier than thirty
(30) days following delivery thereof, provided that Good Reason shall not exist
pursuant to any subsection of this Section (c) unless (A) the Executive shall
have delivered to the Board not less than thirty (30) days notice of such
failure (10 days in the case of a failure to make payment of Base Salary or a
bonus due) that he intends to terminate his employment for Good Reason, which
notice shall specify the reasons for termination, and the Board fails to remedy
the circumstances giving rise to the Executive's notice within such 30 or 10 day
period, as the case may be; or (B) the same failure shall occur within 90 days
after a previous such failure for which Executive shall have furnished the
notice set forth in clause "(A)" above.

      6. Payments Upon Termination.

            (a) Death or Disability. In the event of the termination of the
Executive's employment as a result of his death or Disability, Langer shall:

                  (i) pay to the Executive or his estate, as the case may be,
the Base Salary through the date of his death or Disability (pro rated for any
partial month);

                  (ii) pay to the Executive or his estate, as the case may be,
any accrued and unpaid Bonus in accordance with Section 4(b);

                  (iii) treat the Options as set forth in the Stock Option
Agreement;

                  (iv) reimburse the Executive, or his estate, as the case may
be, for any expenses reimburseable pursuant to Section 4(d) (the amounts payable
pursuant to the foregoing clauses (i), (ii) and this clause (iv) being hereafter
referred to as the "Accrued Obligations");

                  (v) (A) in the case of Executive's death, (1) pay to
Executive's estate, or to the beneficiaries of the $1,000,000 life insurance
policy referred to in Section 4(f), the entire amount of such proceeds; or (2)
in the event such insurance is not in force or the proceeds thereof are less
than his annual Base Salary then in effect, pay to Executive's estate the excess
of such annual Base Salary over such proceeds, in twelve equal monthly payments;
and (B) in the event of Executive's disability, pay to him or his representative
an amount equal to his annual Base Salary then in effect in twelve equal monthly
payments. In any of the foregoing cases,

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payment shall made or commence within 30 days after the delivery to Langer of
reasonable evidence of the appointment of an executor, administrator or other
representative legally authorized to receive such payments.

                  (vi) provide to the Executive and/or his family, as the case
may be, (A) for the first year after the Executive's death or Disability,
continued coverage under all welfare benefit plans including medical, accident,
life or other disability plans and programs in which the Executive and his
family participated immediately prior to his death or Disability, and sharing in
the cost of such benefit coverage in the same proportion as was in effect for
the Executive immediately prior to his death or Disability and (B) after such
one (1) year period, the Executive or his estate, as the case may be, shall be
responsible for the full cost of the Executive's COBRA payments.

            (b) By Langer for Cause or by the Executive Voluntarily (other than
for Good Reason). In the event that the Executive's employment is terminated by
Langer for Cause or by the Executive voluntarily (other than for Good Reason),
Langer shall (i) pay to the Executive the Accrued Obligations and (ii) treat the
Options as set forth in the Stock Option Agreement, and the Executive shall have
no further entitlement to any other compensation or benefits from Langer, except
as set forth herein. Without limitation of the foregoing, all vested and
unvested options held by the Executive shall be cancelled and be of no force or
effect. In addition, the Executive shall be deemed to have offered any shares of
Common Stock purchased by him pursuant to the Stock Option Agreement to Langer
at a price per share equal to the lower of the Exercise Price or the fair market
value (as determined pursuant to Section 5 of the 1992 Stock Option Plan of
Langer, as amended through November 30, 1999) of the Common Stock at the time of
such termination. Langer shall have 30 days from the date of termination to
deliver written notice to the Executive electing to purchase such shares.

            (c) By the Executive for Good Reason or by Langer other than for
Cause or the Executive's Disability. In the event that the Executive's
employment is terminated by the Executive for Good Reason or by Langer other
than for Cause or the Executive's Disability, then Langer shall:

                  (i) pay to the Executive the Accrued Obligations, within
fifteen (15) days after termination of his employment;

                  (ii) treat the Options as set forth in the Stock Option
Agreement;

                  (iii) pay to the Executive the sum of three hundred thousand
dollars ($300,000) over a period of one year in equal installments in accordance
with Langer's payroll practices commencing within fifteen (15) days after
termination of his employment; and

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                  (iv) pay to the Executive a lump sum an amount equal to any
accrued and unpaid Bonus in accordance with Section 4(b); and

                  (v) pay or reimburse the Executive for eighteen (18) months
after the Executive's termination, for continued coverage under all welfare
benefit including medical, accident, life or other disability plans and programs
in which the Executive participated immediately prior to his termination,
(provided that the Executive will share the cost of such benefit coverage in the
same proportion as was in effect for the Executive immediately prior to his
termination).

            (d) The Executive acknowledges that upon the termination of his
employment pursuant to Sections 6(a), 6(b), 6(c) or 12, he shall not be entitled
to any payments or benefits that are not explicitly provided herein.

            (e) In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable
to the Executive under any of the provisions of this Agreement and such amounts
shall not be reduced whether or not the Executive obtains other employment.
Notwithstanding the foregoing, the Executive will use all commercially
reasonable efforts to assist Langer and provide consultation during the one (1)
year period following any termination of his employment.

      7. Covenant Regarding Inventions.

            (a) The Executive shall disclose promptly to Langer any and all
inventions, discoveries, improvements and patentable or copyrightable works
developed, initiated, conceived or made by him, either alone or in conjunction
with others, during the Term hereof, all of which shall be considered "work for
hire," and he assigns and shall assign, without additional consideration, all of
his right, title and interest therein to Langer or its nominee. Whenever
requested to do so by Langer, the Executive shall execute any and all
applications, assignments or other instruments that Langer shall deem necessary
to apply for and obtain letters patent, trademarks or copyrights of the United
States or any foreign country, or otherwise protect Langer's interest therein.
These obligations shall continue beyond the conclusion of the Term with respect
to inventions, discoveries, improvements or copyrightable works made by the
Executive during the Term and shall be binding upon the Executive's assigns,
executors, administrators and other legal representatives.

            (b) Notwithstanding the foregoing, Langer shall not obtain by reason
of this Agreement any rights in the patents, inventions or developments created
by Executive prior to the date hereof and that are set forth on Schedule A
attached hereto.

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      8. Protection of Confidential Information.

      As an inducement to Langer to enter into and perform its obligations under
this Agreement, the Executive acknowledges that he has been and will be provided
with information about, and his employment by Langer will, throughout the Term,
bring him into close contact with, many confidential affairs of Langer,
including proprietary information about the Business including, without
limitation, costs, profits, finances, internal financial statements,
projections, markets, sales, customers, advertisers, vendors, products, key
personnel, pricing policies, operational methods, technical processes and
methods, plans for future developments, software, data bases, computer programs,
specifications, documentation, designs, trade secrets, technology, know-how,
research and development, inventions, patents and copyrights (and any renewals,
reissues, extensions, divisions, continuations and continuations in part thereof
and registrations, applications, patents of addition and inventors certificates)
and other information not available to the public (collectively "Confidential
Information"), all of which are highly confidential and proprietary and all of
which were developed by Langer at great effort and expense. The Executive
further acknowledges that the services to be performed by him under this
Agreement are of a special unique, unusual, extraordinary and intellectual
character and that the nature of the relationship of the Executive with Langer
is such that the Executive is capable of competing with Langer. In recognition
of the foregoing, the Executive covenants and agrees during the Term and
thereafter he will:

            (a) keep secret all Confidential Information of Langer's Business
and not disclose them to anyone outside of Langer, either during or after the
Term, except with Langer's prior written consent;

            (b) not make use of any of such Confidential Information for his own
purposes or the benefit of anyone other than Langer, provided that the
confidential matters referred to in clauses (i) and (ii) of this Section 8(a)
shall not apply to information that (A) is required to be disclosed by law or by
any government, regulatory or self-regulatory agency or body, except with
respect to Confidential Information which the Executive is advised in writing by
counsel to Langer is not required to be disclosed; or (B) is or becomes
generally available to the public other than as a result of the Executive's
breach of this Section 8(a), provided that Executive shall have given Langer
prompt notice of any such order or subpoena so that Langer may contest any such
production; and

            (c) deliver promptly to Langer on termination of this Agreement, or
at any time Langer may so request, all Confidential Information, including but
not limited to memoranda, notes, records, computer software discs, reports and
other confidential documents (and all copies thereof) relating to the Business,
that he may then possess or have under his control, except that he may retain
personal notes, notebooks, journals and diaries provided that such materials do
not contain confidential information.

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      9. Restriction of Competition; Interference; Non-Solicitation.

            (a) As an inducement to Langer to enter into and perform its
obligations under this Agreement, the Executive covenants and agrees that,
during the period of his employment and for a period of one (1) year after the
termination of his employment for any reason, neither the Executive nor his
affiliates will, directly or indirectly, for their account or on behalf of any
other Person (as defined in Section 9(b) below) or as an employer, employee,
consultant, manager, agent, broker, contractor, stockholder, director or officer
of a corporation, investor, owner, lender, partner, joint venturer, licensor,
licensee, sales representative, distributor, or otherwise:

                  (i) Solicit or engage in any business that engages in the
business of Langer (each, a "Competitive Business").

                  (ii) Directly or indirectly for their own account or the
benefit of others solicit, hire or retain any employee of Langer or its
affiliates or persuade or entice any employee of Langer or its affiliates to
leave the employ of Langer or its affiliates.

                  (iii) Molest or interfere with the goodwill and relationship
with any of the customers or suppliers of Langer or its affiliates.

                  (iv) Persuade, accept, induce or solicit any of the customers,
subscribers or accounts of Langer or its affiliates, now existing or hereafter
obtained, to engage anyone, other than Langer or its affiliates, to design,
manufacture or market foot and gait-related biomechanical products for such
customers, subscribers or accounts; or

                  (v) invest in, lend money or give financial support to any
Competitive Business.

            (b) The provisions of Section 9(a) shall not be deemed to preclude
the Executive from

                  (i) engagement by an entity some of the activities of which
are competitive with a Competitive Business if the Executive's engagement does
not, directly or indirectly, relate to, and the Executive is segregated
completely from, such Competitive Business; provided, however, that the
Executive shall have advised such entity of the existence of this Agreement and
shall have obtained a written acknowledgement from such entity that it is aware
of the restrictions on Executive's employment with a Competitive Business and
will segregate the Executive from any Competitive Business operated by the
entity for the requisite period; and

                  (ii) nothing contained in this Section 9 shall be deemed to
prohibit the Executive from directly acquiring or holding, solely for
investment, securities of any entity some

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of the activities of which constitute a Competitive Business so long as such
securities do not, in the aggregate, constitute more than five percent (5%) of
any class or series of outstanding securities of such entity. For the purpose of
this Agreement, "Person" shall mean any individual, entity or group within
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act").

            (c) Notwithstanding the foregoing, if Langer shall fail to make any
payment due to the Executive under Section 6(c), which failure shall continue
for ten (10) days after delivery to Langer of written notice of non-payment, the
restrictions set forth in subsection (a) above shall terminate.

      10. Specific Remedies.

      It is understood by the Executive and Langer that the covenants contained
in this Section 10 and Sections 7, 8 and 9 are essential elements of this
Agreement and that, but for the agreement of the Executive to comply with such
covenants, Langer would not have agreed to enter into this Agreement. If the
Executive commits a material breach of any of the provisions of Sections 7, 8 or
9 hereof, which is not cured or rectified within the time periods set forth in
Section 5(a) above, such breach shall be grounds for termination for Cause. In
addition, the Executive acknowledges that Langer may have no adequate remedy at
law if he violates any of the terms thereof. The Executive therefore understands
and agrees that Langer shall have, without prejudice as to any other remedies,
the right upon application to any court of proper jurisdiction and without
posting of any bond or other security whatsoever, to a temporary restraining
order, preliminary injunction, injunction, specific performance or other
equitable relief, it being acknowledged and agreed that any such breach will
cause irreparable injury to Langer and that money damages will not provide an
adequate remedy to Langer.

      11. Acknowledgements of the Executive and Langer.

            (a) The Executive represents that (i) he has the right to enter into
this Agreement and this Agreement constitutes a valid and binding obligation
enforceable in accordance with its terms (ii) his execution and delivery of this
Agreement by him, and the performance of his obligations hereunder are not in
violation of, and do not conflict with or constitute a default under any
agreement by which he is bound or any order, decree or judgment to which he is
subject; and (iii) the provisions of Section 7, 8 and 9 will not impose a
hardship, financial or otherwise, on the Executive nor prevent him from being
gainfully employed.

            (b) Langer represents that (i) it has all requisite corporate power
and authority to enter into and perform its obligations under this Agreement,
(ii) the execution and delivery of this Agreement by Langer and the performance
by Langer of the transactions contemplated herein have been duly and validly
authorized by all necessary corporate action, (iii) this Agreement is a legal,
valid and binding obligation of Langer and (iv) the execution and delivery

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of this Agreement by Langer and the performance of its obligations hereunder are
not in violation of, and do not conflict with or constitute a default under any
agreement by which Langer is bound or any order, decree or judgment to which
Langer is subject.

      12. Change of Control.

            (a) If the Executive elects to terminate his employment pursuant to
Section 6(c)(viii), Langer shall pay the Executive the amounts provided under
Section 6(c) of this Agreement. Such amount shall be payable by Langer to the
Executive as provided in Section 6(c). The Executive shall be responsible for
payment of all income or excise taxes which may be imposed on the Executive as a
result of the characterization of any such payments by the Internal Revenue
Service upon audit of his tax returns as "excess parachute payments," as such
phrase is defined in Section 280G of the Code.

            (b) For the purpose of this Agreement, a "Change of Control" shall
be deemed to have occurred if (i) any Person (other than (A) the Company or any
subsidiary, (B) any pension, profit sharing, employee stock ownership or other
employee benefit plan of the Company or any subsidiary or any trustee of or
fiduciary with respect to any such plan when acting in such capacity or (C) any
Person who is directly or indirectly controlled by Warren Kanders or the
Executive) is or becomes, after the date of this Agreement, the beneficial owner
of 50.1% or more of the total voting power of the voting securities of Langer,
(ii) during any period of up to two consecutive years, individuals who at the
beginning of such period constitute the Board of Directors of the Company and
any new director whose election or appointment by the Board of Directors or
nomination or recommendation for election by the Company's stockholders was
approved by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose
election or nomination for election was previously so approved, cease for any
reason to constitute a majority thereof, or (iii) a merger or consolidation of
the Company is consummated with any other entity, (other than a merger or
consolidation with an entity which is directly or indirectly controlled by
Warren Kanders or the Executive or which would result in the Voting Shares of
the Company outstanding immediately prior thereto continuing to represent
(either by remaining outstanding or by being converted into voting securities of
the surviving entity) at least 50.1% of the total voting power represented by
the voting securities of the Company or such surviving entity outstanding), or
(iv) the stockholders of the Company approve a plan of complete liquidation of
the Company or an agreement for the sale or disposition by the Company of all or
a majority of the Company's operating assets.

      13. Deleted

                                       13
<PAGE>

      14. Notices.

      Any notice or other communications required or permitted hereunder shall
be in writing and shall be deemed effective (a) upon personal delivery, if
delivered by hand, (b) upon receipt of electronic confirmation, if sent by
facsimile transmission, (c) three (3) days after the date of deposit in the
mails, if mailed by certified or registered mail (return receipt requested), or
(c) on the next business day, if mailed by an overnight mail service to the
parties,

if to Langer:                                if to the Executive:

       The Langer Biomechanics Group, Inc.        Mr. Andrew H. Meyers
       450 Commack Road                           31 The Birches
       Deer Park, NY  11729                       Roslyn Estates, NY  11576
       Attn.: [____________________]              Facsimile: 516-484-0312
       Facsimile:  (516) [              ]

Copies of all notices to Langer or the Executive under this Agreement shall be
sent to:

                           Herrick, Feinstein LLP
                           2 Park Avenue
                           New York, NY  10016
                           Attn: Lawrence M. Levinson, Esq.
                           Facsimile:  (212) 592-1500

or at such other address or facsimile number as either party may from time to
time specify to the other.

      15. Miscellaneous.

            (a) Successors; Binding Effect; Third Party Beneficiaries. In the
event of a future disposition by Langer (whether direct or indirect, by sale of
assets or stock, merger, consolidation or otherwise) of all or substantially all
of its business and/or assets, Langer will require any successor, by agreement
in form and substance reasonably satisfactory to the Executive or by operation
of law, to expressly assume and agree to perform this Agreement in the same
manner and to the same extent that Langer would be required to perform if no
such disposition had taken place. As used in this Agreement, "Langer" shall mean
Langer as herein before defined and any successor to its business and/or assets
as aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

            This Agreement is personal to the Executive and, without the prior
written consent of Langer, shall not be assignable by the Executive otherwise
than by will or the laws of descent and distribution with respect to the
Executive's rights, if any, to be paid or receive benefits hereunder. This
Agreement shall inure to the benefit of and be enforceable by the Executive's
legal representatives. Except for the foregoing, this Agreement shall not create
any

                                       14
<PAGE>

rights in favor of any party other than the parties hereto or their respective
successors and assigns.

            (b) Law Governing; Jurisdiction. This Agreement shall be governed by
and construed in accordance with the laws of the State of New York (without
giving effect to the principles of conflicts of law). Langer and the Executive
each agrees that the federal or state courts located in the State of New York
shall have exclusive jurisdiction in connection with any dispute arising out of
this Agreement. Any litigation proceeding under this Agreement shall be
confidential in nature to the fullest extent permitted by applicable law.

            (c) Severability. If any provision of this Agreement, or any part of
any of them, is hereafter construed or adjudicated to be invalid or
unenforceable, the same shall not affect the remainder of the covenants or
rights or remedies which shall be given full effect without regard to the
invalid portions. If any of the covenants set forth herein is held to be invalid
or unenforceable because of the duration of such provision or the area covered
thereby, the parties agree that the court making such determination shall have
the power to reduce the duration and/or area of such provision and in its
reduced form said provision shall then be enforceable.

            (d) Headings. The headings of this Agreement are for convenience of
reference only and shall not affect in any manner any of the terms and
conditions hereof.

            (e) Acts and Documents. The parties agree to do, sign and execute
all acts, deeds, documents and corporate proceedings necessary or desirable to
give full force and effect to this Agreement.

            (f) Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same agreement.

            (g) Modifications and Waivers. No term, provision or condition of
this Agreement may be modified or discharged unless such modification or
discharge is authorized by the Board and is agreed to in writing and signed by
the Executive. No waiver by either party hereto of any breach by the other party
hereto of any term, provision or condition of this Agreement to be performed by
such other party shall be deemed a waiver of similar or dissimilar provisions or
conditions at the same or at any prior or subsequent time.

            (h) Entire Agreement. This Agreement, together with the other
Executive Agreements, constitute the entire agreement between the parties with
respect to the subject matter herein and supersedes all prior agreements,
negotiations and discussions between the parties hereto, there being no
extraneous agreements. This Agreement may be amended only in writing executed by
the parties hereto affected by such amendment.

                                       15
<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Agreement
on the day and year first set forth above.

                                        EXECUTIVE

                                        -----------------------------------
                                        Andrew H. Meyers

                                        THE LANGER BIOMECHANICS GROUP, INC.

                                        By:
                                            -------------------------------
                                            Name:
                                            Title:

                                       16
<PAGE>

                                   Schedule A

                                Prior Inventions

1.    Light weight, compact orthotic device for controlling knee instability -
      Patent # 4,802,466

2.    Orthotic device for controlling knee instability - Patent # 4,803,975

3.    Knee joint hinge for brace Patent # 5,286,250

4.    Shoulder pad brace - Patent # 4,654,893

                                       17
<PAGE>

                                    Exhibit A

                             Stock Option Agreement

                                       18<PAGE>   1

                                                                    EXHIBIT 10.2

                              INGENUUS CORPORATION

                             1996 STOCK OPTION PLAN
               (AS AMENDED ON FEBRUARY 4, 1998 AND MARCH 20, 2000)

        1. Purposes of the Plan. The purposes of this Stock Plan are:

        -       to attract and retain the best available personnel for positions
                of substantial responsibility,

        -       to provide additional incentive to Employees, Directors and
                Consultants, and

        -       to promote the success of the Company's business.

        Options granted under the Plan may be Incentive Stock Options or
Non-Statutory Stock Options, as determined by the Administrator at the time of
grant.

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

                (a) "Administrator" means the Board or any of its Committees as
shall be administering the Plan, in accordance with Section 4 of the Plan.

                (b) "Applicable Laws" means the requirements relating to the
administration of stock option plans under U. S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of
any foreign country or jurisdiction where Options are, or will be, granted under
the Plan.

                (c) "Board" means the Board of Directors of the Company.

                (d) "Code" means the Internal Revenue Code of 1986, as amended.

                (e) "Committee" means a committee of Directors appointed by the
Board in accordance with Section 4 of the Plan.

                (f) "Common Stock" means the common stock of the Company.

                (g) "Company" means Ingenuus Corporation, a Delaware
corporation.

                (h) "Consultant" means any person, including an advisor, engaged
by the Company or a Parent or Subsidiary to render services to such entity.

                (i) "Director" means a member of the Board.

<PAGE>   2

                (j) "Disability" means total and permanent disability as defined
in Section 22(e)(3) of the Code.

                (k) "Employee" means any person, including Officers and
Directors, employed by the Company or any Parent or Subsidiary of the Company. A
Service Provider shall not cease to be an Employee in the case of (i) any leave
of absence approved by the Company or (ii) transfers between locations of the
Company or between the Company, its Parent, any Subsidiary, or any successor.
For purposes of Incentive Stock Options, no such leave may exceed ninety (90)
days, unless reemployment upon expiration of such leave is guaranteed by statute
or contract. If reemployment upon expiration of a leave of absence approved by
the Company is not so guaranteed, on the 181st day of such leave any Incentive
Stock Option held by the Optionee shall cease to be treated as an Incentive
Stock Option and shall be treated for tax purposes as a Non-Statutory Stock
Option. Neither service as a Director nor payment of a director's fee by the
Company shall be sufficient to constitute "employment" by the Company.

                (l) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

                (m) "Fair Market Value" means, as of any date, the value of
Common Stock determined as follows:

                        (i) If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the
Nasdaq National Market or The Nasdaq Small Cap Market of The Nasdaq Stock
Market, its Fair Market Value shall be the closing sales price for such stock
(or the closing bid, if no sales were reported) as quoted on such exchange or
system for the last market trading day prior to the time of determination, as
reported in The Wall Street Journal or such other source as the Administrator
deems reliable;

                        (ii) If the Common Stock is regularly quoted by a
recognized securities dealer but selling prices are not reported, the Fair
Market Value of a Share of Common Stock shall be the mean between the high bid
and low asked prices for the Common Stock on the last market trading day prior
to the day of determination, as reported in The Wall Street Journal or such
other source as the Administrator deems reliable; or

                        (iii) In the absence of an established market for the
Common Stock, the Fair Market Value shall be determined in good faith by the
Administrator.

                (n) "Incentive Stock Option" means an Option intended to qualify
as an incentive stock option within the meaning of Section 422 of the Code and
the regulations promulgated thereunder.

                (o) "Non-Statutory Stock Option" means an Option not intended to
qualify as an Incentive Stock Option.

                                      -2-
<PAGE>   3

                (p) "Notice of Grant" means a written or electronic notice
evidencing certain terms and conditions of an individual Option grant. The
Notice of Grant is part of the Option Agreement.

                (q) "Officer" means a person who is an officer of the Company
within the meaning of Section 16 of the Exchange Act and the rules and
regulations promulgated thereunder.

                (r) "Option" means a stock option granted pursuant to the Plan.

                (s) "Option Agreement" means an agreement between the Company
and an Optionee evidencing the terms and conditions of an individual Option
grant. The Option Agreement is subject to the terms and conditions of the Plan.

                (t) "Option Exchange Program" means a program whereby
outstanding Options are surrendered in exchange for Options with a lower
exercise price.

                (u) "Optioned Stock" means the Common Stock subject to an
Option.

                (v) "Optionee" means the holder of an outstanding Option granted
under the Plan.

                (w) "Parent" means a "parent corporation," whether now or
hereafter existing, as defined in Section 424(e) of the Code.

                (x) "Plan" means this 1996 Stock Plan.

                (y) "Rule 16b-3" means Rule 16b-3 of the Exchange Act or any
successor to Rule 16b-3, as in effect when discretion is being exercised with
respect to the Plan.

                (aa) "Section 16(b)" means Section 16(b) of the Exchange Act.

                (bb) "Service Provider" means an Employee, Director or
Consultant.

                (cc) "Share" means a share of the Common Stock, as adjusted in
accordance with Section 13 of the Plan.

                (dd) "Subsidiary" means a "subsidiary corporation", whether now
or hereafter existing, as defined in Section 424(f) of the Code.

        3. Stock Subject to the Plan. Subject to the provisions of Section 13 of
the Plan, the maximum aggregate number of Shares, which may be optioned and sold
under the Plan, is 4,500,000 Shares. The Shares may be authorized, but unissued,
or reacquired Common Stock.

                If an Option expires or becomes unexercisable without having
been exercised in full, or is surrendered pursuant to an Option Exchange
Program, the unpurchased Shares which were

                                      -3-
<PAGE>   4

subject thereto shall become available for future grant or sale under the Plan
(unless the Plan has terminated); provided, however, that Shares that have
actually been issued under the Plan shall not be returned to the Plan and shall
not become available for future distribution under the Plan.

        4. Administration of the Plan.

                (a) Procedure.

                        (i) Multiple Administrative Bodies. The Plan may be
administered by different Committees with respect to different groups of Service
Providers.

                        (ii) Section 162(m). To the extent that the
Administrator determines it to be desirable to qualify Options granted hereunder
as "performance-based compensation" within the meaning of Section 162(m) of the
Code, the Plan shall be administered by a Committee of two or more "outside
directors" within the meaning of Section 162(m) of the Code.

                        (iii) Rule 16b-3. To the extent desirable to qualify
transactions hereunder as exempt under Rule 16b-3, the transactions contemplated
hereunder shall be structured to satisfy the requirements for exemption under
Rule 16b-3.

                        (iv) Other Administration. Other than as provided above,
the Plan shall be administered by (A) the Board or (B) a Committee, which
committee shall be constituted to satisfy Applicable Laws.

                (b) Powers of the Administrator. Subject to the provisions of
the Plan, and in the case of a Committee, subject to the specific duties
delegated by the Board to such Committee, the Administrator shall have the
authority, in its discretion:

                        (i) to determine the Fair Market Value;

                        (ii) to select the Service Providers to whom Options may
be granted hereunder;

                        (iii) to determine the number of shares of Common Stock
to be covered by each Option granted hereunder;

                        (iv) to approve forms of agreement for use under the
Plan;

                        (v) to determine the terms and conditions, not
inconsistent with the terms of the Plan, of any Option granted hereunder. Such
terms and conditions include, but are not limited to, the exercise price, the
time or times when Options may be exercised (which may be based on performance
criteria), any vesting acceleration or waiver of forfeiture restrictions, and
any restriction or limitation regarding any Option of the shares of Common Stock
relating thereto, based in each case on such factors as the Administrator, in
its sole discretion, shall determine;

                                      -4-
<PAGE>   5

                        (vi) to reduce the exercise price of any Option to the
then current Fair Market Value if the Fair Market Value of the Common Stock
covered by such Option shall have declined since the date the Option was
granted;

                        (vii) to institute an Option Exchange Program;

                        (viii) to construe and interpret the terms of the Plan
and awards granted pursuant to the Plan;

                        (ix) to prescribe, amend and rescind rules and
regulations relating to the Plan, including rules and regulations relating to
sub-plans established for the purpose of qualifying for preferred tax treatment
under foreign tax laws;

                        (x) to modify or amend each Option (subject to Section
14(c) of the Plan), including the discretionary authority to extend the
post-termination exercisability period of Options longer than is otherwise
provided for in the Plan;

                        (xi) to allow Optionees to satisfy withholding tax
obligations by electing to have the Company withhold from the Shares to be
issued upon exercise of an Option that number of Shares having a Fair Market
Value equal to the amount required to be withheld. The Fair Market Value of the
Shares to be withheld shall be determined on the date that the amount of tax to
be withheld is to be determined. All elections by an Optionee to have Shares
withheld for this purpose shall be made in such form and under such conditions
as the Administrator may deem necessary or advisable;

                        (xii) to authorize any person to execute on behalf of
the Company any instrument required to effect the grant of an Option previously
granted by the Administrator;

                        (xiii) to make all other determinations deemed necessary
or advisable for administering the Plan.

                (c) Effect of Administrator's Decision. The Administrator's
decisions, determinations and interpretations shall be final and binding on all
Optionees and any other holders of Options.

        5. Eligibility. Non-Statutory Stock Options may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees.

        6. Limitations.

                (a) Each Option shall be designated in the Option Agreement as
either an Incentive Stock Option or a Non-Statutory Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair Market
Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Optionee during any

                                      -5-
<PAGE>   6

calendar year (under all plans of the Company and any Parent or Subsidiary)
exceeds $100,000, such Options shall be treated as Non-Statutory Stock Options.
For purposes of this Section 6(a), Incentive Stock Options shall be taken into
account in the order in which they were granted. The Fair Market Value of the
Shares shall be determined as of the time the Option with respect to such Shares
is granted.

                (b) Neither the Plan nor any Option shall confer upon an
Optionee any right with respect to continuing the Optionee's relationship as a
Service Provider with the Company, nor shall they interfere in any way with the
Optionee's right or the Company's right to terminate such relationship at any
time, with or without cause.

                (c) The following limitations shall apply to grants of Options:

                        (i) No Service Provider shall be granted, in any fiscal
year of the Company, Options to purchase more than 250,000 Shares.

                        (ii) In connection with his or her initial service, a
Service Provider may be granted Options to purchase up to an additional 250,000
Shares, which shall not count against the limit, set forth in subsection (i)
above.

                        (iii) The foregoing limitations shall be adjusted
proportionately in connection with any change in the Company's capitalization as
described in Section 13.

                        (iv) If an Option is cancelled in the same fiscal year
of the Company in which it was granted (other than in connection with a
transaction described in Section 13), the cancelled Option will be counted
against the limits set forth in subsections (i) and (ii) above. For this
purpose, if the exercise price of an Option is reduced, the transaction will be
treated as a cancellation of the Option and the grant of a new Option.

        7. Term of Plan. Subject to Section 19 of the Plan, the Plan shall
become effective upon its adoption by the Board. It shall continue in effect for
a term of ten (10) years unless terminated earlier under Section 15 of the Plan.

        8. Term of Option. The term of each Option shall be stated in the Option
Agreement. In the case of an Incentive Stock Option, the term shall be ten (10)
years from the date of grant or such shorter term as may be provided in the
Option Agreement. Moreover, in the case of an Incentive Stock Option granted to
an Optionee who, at the time the Incentive Stock Option is granted, owns stock
representing more than ten percent (10%) of the total combined voting power of
all classes of stock of the Company or any Parent or Subsidiary, the term of the
Incentive Stock Option shall be five (5) years from the date of grant or such
shorter term as may be provided in the Option Agreement.

        9. Option Exercise Price and Consideration.

                                      -6-
<PAGE>   7

                (a) Exercise Price. The per share exercise price for the Shares
to be issued pursuant to exercise of an Option shall be determined by the
Administrator, subject to the following:

                        (i) In the case of an Incentive Stock Option

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

        (B) granted to any Employee other than an Employee described in
paragraph (A) immediately above, the per Share exercise price shall be no less
than 100% of the Fair Market Value per Share on the date of grant.

                        (ii) In the case of a Non-Statutory Stock Option, the
per Share exercise price shall be determined by the Administrator. In the case
of a Non-Statutory Stock Option intended to qualify as "performance-based
compensation" within the meaning of Section 162(m) of the Code, the per Share
exercise price shall be no less than 100% of the Fair Market Value per Share on
the date of grant.

                        (iii) Notwithstanding the foregoing, Options may be
granted with a per Share exercise price of less than 100% of the Fair Market
Value per Share on the date of grant pursuant to a merger or other corporate
transaction.

                (b) Waiting Period and Exercise Dates. At the time an Option is
granted, the Administrator shall fix the period within which the Option may be
exercised and shall determine any conditions, which must be satisfied before the
Option may be exercised.

                (c) Form of Consideration. The Administrator shall determine the
acceptable form of consideration for exercising an Option, including the method
of payment. In the case of an Incentive Stock Option, the Administrator shall
determine the acceptable form of consideration at the time of grant. Such
consideration may consist entirely of:

                        (i) cash;

                        (ii) check;

                        (iii) promissory note;

                        (iv) other Shares which (A) in the case of Shares
acquired upon exercise of an option, have been owned by the Optionee for more
than six (6) months on the date of surrender, and (B) have a Fair Market Value
on the date of surrender equal to the aggregate exercise price of the Shares as
to which said Option shall be exercised;

                                      -7-
<PAGE>   8

                        (v) consideration received by the Company under a
cashless exercise program implemented by the Company in connection with the
Plan;

                        (vi) a reduction in the amount of any Company liability
to the Optionee, including any liability attributable to the Optionee's
participation in any Company-sponsored deferred compensation program or
arrangement;

                        (vii) any combination of the foregoing methods of
payment; or

                        (viii) such other consideration and method of payment
for the issuance of Shares to the extent permitted by Applicable Laws.

        10. Exercise of Option.

                (a) Procedure for Exercise; Rights as a Shareholder. Any Option
granted hereunder shall be exercisable according to the terms of the Plan and at
such times and under such conditions as determined by the Administrator and set
forth in the Option Agreement. Unless the Administrator provides otherwise,
vesting of Options granted hereunder shall be tolled during any unpaid leave of
absence. An Option may not be exercised for a fraction of a Share.

        An Option shall be deemed exercised when the Company receives: (i)
written or electronic notice of exercise (in accordance with the Option
Agreement) from the person entitled to exercise the Option, and (ii) full
payment for the Shares with respect to which the Option is exercised. Full
payment may consist of any consideration and method of payment authorized by the
Administrator and permitted by the Option Agreement and the Plan. Shares issued
upon exercise of an Option shall be issued in the name of the Optionee or, if
requested by the Optionee, in the name of the Optionee and his or her spouse.
Until the Shares are issued (as evidenced by the appropriate entry on the books
of the Company or of a duly authorized transfer agent of the Company), no right
to vote or receive dividends or any other rights as a shareholder shall exist
with respect to the Optioned Stock, notwithstanding the exercise of the Option.
The Company shall issue (or cause to be issued) such Shares promptly after the
Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued, except as
provided in Section 13 of the Plan.

        Exercising an Option in any manner shall decrease the number of Shares
thereafter available, both for purposes of the Plan and for sale under the
Option, by the number of Shares as to which the Option is exercised.

                (b) Termination of Relationship as a Service Provider. If an
Optionee ceases to be a Service Provider, other than upon the Optionee's death
or Disability, the Optionee may exercise his or her Option within such period of
time as is specified in the Option Agreement to the extent that the Option is
vested on the date of termination (but in no event later than the expiration of
the term of such Option as set forth in the Option Agreement). In the absence of
a specified time in the Option Agreement, the Option shall remain exercisable
for three (3) months following the Optionee's termination. If, on the date of
termination, the Optionee is not vested as

                                      -8-
<PAGE>   9

to his or her entire Option, the Shares covered by the unvested portion of the
Option shall revert to the Plan. If, after termination, the Optionee does not
exercise his or her Option within the time specified by the Administrator, the
Option shall terminate, and the Shares covered by such Option shall revert to
the Plan.

                (c) Disability of Optionee. If an Optionee ceases to be a
Service Provider as a result of the Optionee's Disability, the Optionee may
exercise his or her Option within such period of time as is specified in the
Option Agreement to the extent the Option is vested on the date of termination
(but in no event later than the expiration of the term of such Option as set
forth in the Option Agreement). In the absence of a specified time in the Option
Agreement, the Option shall remain exercisable for twelve (12) months following
the Optionee's termination. If, on the date of termination, the Optionee is not
vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall revert to the Plan. If, after termination, the
Optionee does not exercise his or her Option within the time specified herein,
the Option shall terminate, and the Shares covered by such Option shall revert
to the Plan.

                (d) Death of Optionee. If an Optionee dies while a Service
Provider, the Option may be exercised within such period of time as is specified
in the Option Agreement (but in no event later than the expiration of the term
of such Option as set forth in the Notice of Grant), by the Optionee's estate or
by a person who acquires the right to exercise the Option by bequest or
inheritance, but only to the extent that the Option is vested on the date of
death. In the absence of a specified time in the Option Agreement, the Option
shall remain exercisable for twelve (12) months following the Optionee's
termination. If, at the time of death, the Optionee is not vested as to his or
her entire Option, the Shares covered by the unvested portion of the Option
shall immediately revert to the Plan. The Option may be exercised by the
executor or administrator of the Optionee's estate or, if none, by the person(s)
entitled to exercise the Option under the Optionee's will or the laws of descent
or distribution. If the Option is not so exercised within the time specified
herein, the Option shall terminate, and the Shares covered by such Option shall
revert to the Plan.

                (e) Buyout Provisions. The Administrator may at any time offer
to buy out for a payment in cash or Shares an Option previously granted based on
such terms and conditions as the Administrator shall establish and communicate
to the Optionee at the time that such offer is made.

        11. Non-Transferability of Options. Unless determined otherwise by the
Administrator, an Option may not be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of
descent or distribution and may be exercised, during the lifetime of the
Optionee, only by the Optionee. If the Administrator makes an Option
transferable, such Option shall contain such additional terms and conditions, as
the Administrator deems appropriate.

        12. Adjustments Upon Changes in Capitalization, Dissolution, Merger or
Asset Sale.

                (a) Changes in Capitalization. Subject to any required action by
the shareholders of the Company, the number of shares of Common Stock covered by
each outstanding Option,

                                      -9-
<PAGE>   10

and the number of shares of Common Stock which have been authorized for issuance
under the Plan but as to which no Options have yet been granted or which have
been returned to the Plan upon cancellation or expiration of an Option, as well
as the price per share of Common Stock covered by each such outstanding Option,
shall be proportionately adjusted for any increase or decrease in the number of
issued shares of Common Stock resulting from a stock split, reverse stock split,
stock dividend, combination or reclassification of the Common Stock, or any
other increase or decrease in the number of issued shares of Common Stock
effected without receipt of consideration by the Company; provided, however,
that conversion of any convertible securities of the Company shall not be deemed
to have been "effected without receipt of consideration." Such adjustment shall
be made by the Board, whose determination in that respect shall be final,
binding and conclusive. Except as expressly provided herein, no issuance by the
Company of shares of stock of any class, or securities convertible into shares
of stock of any class, shall affect, and no adjustment by reason thereof shall
be made with respect to, the number or price of shares of Common Stock subject
to an Option.

                (b) Dissolution or Liquidation. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each
Optionee as soon as practicable prior to the effective date of such proposed
transaction. The Administrator in its discretion may provide for an Optionee to
have the right to exercise his or her Option until ten (10) days prior to such
transaction as to all of the Optioned Stock covered thereby, including Shares as
to which the Option would not otherwise be exercisable. In addition, the
Administrator may provide that any Company repurchase option applicable to any
Shares purchased upon exercise of an Option shall lapse as to all such Shares,
provided the proposed dissolution or liquidation takes place at the time and in
the manner contemplated. To the extent it has not been previously exercised, an
Option will terminate immediately prior to the consummation of such proposed
action.

                (c) Merger or Asset Sale. In the event of a merger of the
Company with or into another corporation, or the sale of substantially all of
the assets of the Company where the Company is not the surviving entity, each
outstanding Option shall be fully vested and exercisable, including Shares which
would not otherwise be vested or exercisable.

        13. Date of Grant. The date of grant of an Option shall be, for all
purposes, the date on which the Administrator makes the determination granting
such Option, or such other later date as is determined by the Administrator.
Notice of the determination shall be provided to each Optionee within a
reasonable time after the date of such grant.

        14. Amendment and Termination of the Plan.

                (a) Amendment and Termination. The Board may at any time amend,
alter, suspend or terminate the Plan.

                (b) Shareholder Approval. The Company shall obtain shareholder
approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

                                      -10-
<PAGE>   11

                (c) Effect of Amendment or Termination. No amendment,
alteration, suspension or termination of the Plan shall impair the rights of any
Optionee, unless mutually agreed otherwise between the Optionee and the
Administrator, which agreement must be in writing and signed by the Optionee and
the Company. Termination of the Plan shall not affect the Administrator's
ability to exercise the powers granted to it hereunder with respect to Options
granted under the Plan prior to the date of such termination.

        15. Conditions Upon Issuance of Shares.

                (a) Legal Compliance. Shares shall not be issued pursuant to the
exercise of an Option unless the exercise of such Option and the issuance and
delivery of such Shares shall comply with Applicable Laws and shall be further
subject to the approval of counsel for the Company with respect to such
compliance.

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

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

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

        18. Shareholder Approval. The Plan shall be subject to approval by the
shareholders of the Company within twelve (12) months after the date the Plan is
adopted. Such shareholder approval shall be obtained in the manner and to the
degree required under Applicable Laws.

                                      -11-
<PAGE>   12

                              INGENUUS CORPORATION

                                 1996 STOCK PLAN

                             STOCK OPTION AGREEMENT

        Unless otherwise defined herein, the terms defined in the Plan shall
have the same defined meanings in this Option Agreement.

I. NOTICE OF STOCK OPTION GRANT

[Optionee's Name and Address]

        You have been granted an option to purchase Common Stock of the Company,
subject to the terms and conditions of the Plan and this Option Agreement, as
follows:

        Date of Grant:

        Vesting Commencement Date:

        Exercise Price per Share:

        Total Number of Shares Granted:

        Total Exercise Price:

        Type of Option:                       ___    Incentive Stock Option

                                              ___    Non-Statutory Stock Option

        Term/Expiration Date:

        Vesting Schedule:

        This Option may be exercised, in whole or in part, in accordance with
the following schedule:

        25% of the Shares subject to the Option shall vest twelve (12) months
after the Vesting Commencement Date, and 2.083% of the Shares subject to the
Option shall vest each month thereafter, subject to the Optionee continuing to
be a Service Provider on such dates.

<PAGE>   13

        Termination Period:

        This Option may be exercised for three (3) months after Optionee ceases
to be a Service Provider. Upon the death or Disability of the Optionee, this
Option may be exercised for such longer period as provided in the Plan. In no
event shall this Option be exercised later than the Term/Expiration Date as
provided above.

II. AGREEMENT

        19. Grant of Option. The Plan Administrator of the Company hereby grants
to the Optionee named in the Notice of Grant attached as Part I of this
Agreement (the "Optionee") an option (the "Option") to purchase the number of
Shares, as set forth in the Notice of Grant, at the exercise price per share set
forth in the Notice of Grant (the "Exercise Price"), subject to the terms and
conditions of the Plan, which is incorporated herein by reference. Subject to
Section 15(c) of the Plan, in the event of a conflict between the terms and
conditions of the Plan and the terms and conditions of this Option Agreement,
the terms and conditions of the Plan shall prevail.

                If designated in the Notice of Grant as an Incentive Stock
Option ("ISO"), this Option is intended to qualify as an Incentive Stock Option
under Section 422 of the Code. However, if this Option is intended to be an
Incentive Stock Option, to the extent that it exceeds the $100,000 rule of Code
Section 422(d) it shall be treated as a Non-Statutory Stock Option ("NSO").

        20. Exercise of Option.

                (a) Right to Exercise. This Option is exercisable during its
term in accordance with the Vesting Schedule set out in the Notice of Grant and
the applicable provisions of the Plan and this Option Agreement.

                (b) Method of Exercise. This Option is exercisable by delivery
of an exercise notice, in the form attached as Exhibit A (the "Exercise
Notice"), which shall state the election to exercise the Option, the number of
Shares in respect of which the Option is being exercised (the "Exercised
Shares"), and such other representations and agreements as may be required by
the Company pursuant to the provisions of the Plan. The Exercise Notice shall be
completed by the Optionee and delivered to Secretary of the Company. The
Exercise Notice shall be accompanied by payment of the aggregate Exercise Price
as to all Exercised Shares. This Option shall be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by
such aggregate Exercise Price.

                No Shares shall be issued pursuant to the exercise of this
Option unless such issuance and exercise complies with Applicable Laws. Assuming
such compliance, for income tax purposes the Exercised Shares shall be
considered transferred to the Optionee on the date the Option is exercised with
respect to such Exercised Shares.

                                      -2-
<PAGE>   14

        21. Method of Payment. Payment of the aggregate Exercise Price shall be
by any of the following, or a combination thereof, at the election of the
Optionee:

                a) cash;

                b) check; or

                c) consideration received by the Company under a cashless
exercise program implemented by the Company in connection with the Plan.

        22. Non-Transferability of Option. This Option may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of Optionee only by the Optionee. The terms
of the Plan and this Option Agreement shall be binding upon the executors,
administrators, heirs, successors and assigns of the Optionee.

        23. Term of Option. This Option may be exercised only within the term
set out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Option Agreement.

        24. Tax Consequences. Some of the federal tax consequences relating to
this Option, as of the date of this Option, are set forth below. THIS SUMMARY IS
NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.
THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR
DISPOSING OF THE SHARES.

                (a) Exercising the Option.

                        (i) Non-Statutory Stock Option. The Optionee may incur
regular federal income tax liability upon exercise of a NSO. The Optionee will
be treated as having received compensation income (taxable at ordinary income
tax rates) equal to the excess, if any, of the Fair Market Value of the
Exercised Shares on the date of exercise over their aggregate Exercise Price. If
the Optionee is an Employee or a former Employee, the Company will be required
to withhold from his or her compensation or collect from Optionee and pay to the
applicable taxing authorities an amount in cash equal to a percentage of this
compensation income at the time of exercise, and may refuse to honor the
exercise and refuse to deliver Shares if such withholding amounts are not
delivered at the time of exercise.

                        (ii) Incentive Stock Option. If this Option qualifies as
an ISO, the Optionee will have no regular federal income tax liability upon its
exercise, although the excess, if any, of the Fair Market Value of the Exercised
Shares on the date of exercise over their aggregate Exercise Price will be
treated as an adjustment to alternative minimum taxable income for federal tax
purposes and may subject the Optionee to alternative minimum tax in the year of
exercise. In the event that the Optionee ceases to be an Employee but remains a
Service Provider, any Incentive Stock Option of the Optionee that remains
unexercised shall cease to qualify as an

                                      -3-
<PAGE>   15

Incentive Stock Option and will be treated for tax purposes as a Non-Statutory
Stock Option on the date three (3) months and one (1) day following such change
of status.

                (b) Disposition of Shares.

                        (i) NSO. If the Optionee holds NSO Shares for at least
one year, any gain realized on disposition of the Shares will be treated as
long-term capital gain for federal income tax purposes.

                        (ii) ISO. If the Optionee holds ISO Shares for at least
one year after exercise and two years after the grant date, any gain realized on
disposition of the Shares will be treated as long-term capital gain for federal
income tax purposes. If the Optionee disposes of ISO Shares within one year
after exercise or two years after the grant date, any gain realized on such
disposition will be treated as compensation income (taxable at ordinary income
rates) to the extent of the excess, if any, of the lesser of (A) the difference
between the Fair Market Value of the Shares acquired on the date of exercise and
the aggregate Exercise Price, or (B) the difference between the sale price of
such Shares and the aggregate Exercise Price. Any additional gain will be taxed
as capital gain, short-term or long-term depending on the period that the ISO
Shares were held.

                (c) Notice of Disqualifying Disposition of ISO Shares. If the
Optionee sells or otherwise disposes of any of the Shares acquired pursuant to
an ISO on or before the later of (i) two years after the grant date, or (ii) one
year after the exercise date, the Optionee shall immediately notify the Company
in writing of such disposition. The Optionee agrees that he or she may be
subject to income tax withholding by the Company on the compensation income
recognized from such early disposition of ISO Shares by payment in cash or out
of the current earnings paid to the Optionee.

        25. Entire Agreement; Governing Law. The Plan is incorporated herein by
reference. The Plan and this Option Agreement constitute the entire agreement of
the parties with respect to the subject matter hereof and supersede in their
entirety all prior undertakings and agreements of the Company and Optionee with
respect to the subject matter hereof, and may not be modified adversely to the
Optionee's interest except by means of a writing signed by the Company and
Optionee. This agreement is governed by the internal substantive laws, but not
the choice of law rules, of Delaware.

        26. NO GUARANTEE OF CONTINUED SERVICE. OPTIONEE ACKNOWLEDGES AND AGREES
THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED
ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (AND NOT
THROUGH THE ACT OF BEING HIRED, BEING GRANTED AN OPTION OR PURCHASING SHARES
HEREUNDER). OPTIONEE FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO
NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL
NOT INTERFERE

                                      -4-
<PAGE>   16

WITH OPTIONEE'S RIGHT OR THE COMPANY'S RIGHT TO TERMINATE OPTIONEE'S
RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

        By your signature and the signature of the Company's representative
below, you and the Company agree that this Option is granted under and governed
by the terms and conditions of the Plan and this Option Agreement. Optionee has
reviewed the Plan and this Option Agreement in their entirety, has had an
opportunity to obtain the advice of counsel prior to executing this Option
Agreement and fully understands all provisions of the Plan and Option Agreement.
Optionee hereby agrees to accept as binding, conclusive and final all decisions
or interpretations of the Administrator upon any questions relating to the Plan
and Option Agreement. Optionee further agrees to notify the Company upon any
change in the residence address indicated below.

OPTIONEE:                                   INGENUUS CORPORATION

------------------------------------        ---------------------------------
Signature

Print Name/Title                            Print Name/Title
------------------------------------        ---------------------------------

------------------------------------        ---------------------------------

------------------------------------
Residence Address

------------------------------------

------------------------------------

                                      -5-
<PAGE>   17

                                CONSENT OF SPOUSE

        The undersigned spouse of Optionee has read and hereby approves the
terms and conditions of the Plan and this Option Agreement. In consideration of
the Company's granting his or her spouse the right to purchase Shares as set
forth in the Plan and this Option Agreement, the undersigned hereby agrees to be
irrevocably bound by the terms and conditions of the Plan and this Option
Agreement and further agrees that any community property interest shall be
similarly bound. The undersigned hereby appoints the undersigned's spouse as
attorney-in-fact for the undersigned with respect to any amendment or exercise
of rights under the Plan or this Option Agreement.

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

                                    EXHIBIT A

                                 1996 STOCK PLAN

                                 EXERCISE NOTICE

Ingenuus Corporation
830 East Arques Avenue
Sunnyvale, CA  94086

Attention:  Secretary

        27. Exercise of Option. Effective as of today, ________________, 199__,
the undersigned ("Purchaser") hereby elects to purchase ______________ shares
(the "Shares") of the Common Stock of Ingenuus Corporation (the "Company") under
and pursuant to the 1996 Stock Plan (the "Plan") and the Stock Option Agreement
dated, 19___ (the "Option Agreement"). The purchase price for the Shares shall
be $______, as required by the Option Agreement.

        28. Delivery of Payment. Purchaser herewith delivers to the Company the
full purchase price for the Shares.

        29. Representations of Purchaser. Purchaser acknowledges that Purchaser
has received, read and understood the Plan and the Option Agreement and agrees
to abide by and be bound by their terms and conditions.

        30. Rights as Shareholder. Until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company) of the Shares, no right to vote or receive dividends or
any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Shares so acquired shall

                                      -6-
<PAGE>   18

be issued to the Optionee as soon as practicable after exercise of the Option.
No adjustment will be made for a dividend or other right for which the record
date is prior to the date of issuance, except as provided in Section 13 of the
Plan.

        31. Tax Consultation. Purchaser understands that Purchaser may suffer
adverse tax consequences as a result of Purchaser's purchase or disposition of
the Shares. Purchaser represents that Purchaser has consulted with any tax
consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for
any tax advice.

        32. Entire Agreement; Governing Law. The Plan and Option Agreement are
incorporated herein by reference. This Agreement, the Plan and the Option
Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersede in their entirety all prior undertakings and
agreements of the Company and Purchaser with respect to the subject matter
hereof, and may not be modified adversely to the Purchaser's interest except by
means of a writing signed by the Company and Purchaser. This agreement is
governed by the internal substantive laws, but not the choice of law rules, of
Delaware.

Submitted by:                               Accepted by:

PURCHASER:                                  INGENUUS CORPORATION

-----------------------------------         ------------------------------------
Signature:                                  Signature:

-----------------------------------         ------------------------------------
Print Name                                  Print Name

Residence Address:                          Address:

                                            Ingenuus Corporation
-----------------------------------         830 East Arques Avenue
                                            Sunnyvale, CA  94086
-----------------------------------
                                            Date Received:
                                                          ----------------------

                                      -7-

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