Document:

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                                                              Exhibit No. 10(ii)

                             2001 STOCK OPTION PLAN
                                       OF
                             FANZ ENTERPRISES, INC.

         1. PURPOSE OF THE PLAN. This 2001 Stock Option Plan of FanZ
Enterprises, Inc. adopted on this 15th day of May, 2001, is intended to enable
officers and other key employees and consultants of the Company and its
Subsidiaries to acquire or increase their ownership of common stock of the
Company on reasonable terms. The opportunity so provided is intended to foster
in participants an incentive to put forth maximum effort for the continued
success and growth of the Company and its Subsidiaries, to aid in retaining
individuals who put forth such efforts, and to assist in attracting the best
available individuals to the Company and its Subsidiaries in the future.

         2. DEFINITIONS. When used herein, the following terms shall have the
meaning set forth below:

            2.1 "BOARD" means the Board of Directors of FanZ Enterprises, Inc.

            2.2 "CHANGE IN CONTROL" means a change in control of the Company
         as a result of the occurrence of any of the following events:

                 (a) any person (as such term is used in Sections 13(d) and
            14(d) of the Exchange Act) other than an Exempt Person (an
            "Acquiring Person") is or becomes the beneficial owner, directly or
            indirectly, of Shares of the Company representing more than fifty
            percent (50%) of the combined voting power of the Company's then
            outstanding voting securities, other than either in connection with
            an issuance of Shares or series of related issuances of Shares
            approved by the Board (which Board must include at least a majority
            who were Continuing Directors and which transaction or series of
            related transactions must have been approved by a majority of the
            Continuing Directors) or as the result of the reduction in the
            number of issued and outstanding Shares pursuant to a transaction or
            series of related transactions approved by the Board;

                 (b) there shall cease to be a majority of the Board comprised
            of Continuing Directors; or

                 (c) (i) the stockholders of the Company approve a merger or
            consolidation of the Company with any other entity, other than a
            merger or consolidation which would result in the voting securities
            of the Company outstanding immediately prior thereto continuing to
            represent more than fifty percent (50%) of the combined voting power
            of the voting securities of the Company or such surviving entity
            outstanding immediately after such merger or consolidation, or (ii)
            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 substantially all the Company's
            assets (other than to a more than fifty percent (50%) subsidiary or
            other controlled person of the Company).

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            2.3 "CODE" means the Internal Revenue Code of 1986, as amended, as
         in effect at the time of reference, or any successor revenue code which
         may hereafter be adopted in lieu thereof, and reference to any specific
         provisions of the Code shall refer to the corresponding provisions of
         the Code as it may hereafter be amended or replaced.

            2.4 "COMMITTEE" means the Compensation Committee of the Board or any
         other committee appointed by the Board which is invested by the Board
         with responsibility for the administration of the Plan.

            2.5 "COMPANY" means FanZ Enterprises, Inc.

            2.6 "CONTINUING DIRECTOR" means a director of the Company who is not
         an Acquiring Person or an affiliate or associate thereof or any of
         their representatives and who was either a director of the Company
         before any Person became an Acquiring Person or whose nomination or
         election to the Board was recommended or approved by a majority of the
         then Continuing Directors or by an Exempt Person.

            2.7 "EMPLOYEES" means officers (including officers who are members
         of the Board), and other key employees of the Company or any of its
         Subsidiaries.

            2.8 "ERISA" means the Employee Retirement Income Security Act of
         1974, as in effect at the time of reference, or any successor law which
         may hereafter be adopted in lieu thereof, and any reference to any
         specific provisions of ERISA shall refer to the corresponding
         provisions of ERISA as it may hereafter be amended or replaced.

            2.9 "EXCHANGE ACT" means the Securities Exchange Act of 1934, as in
         effect at the time of reference, or any successor law which may
         hereafter be adopted in lieu thereof, and any reference to any specific
         provisions of the Exchange Act shall refer to the corresponding
         provisions of the Exchange Act as it may hereafter be amended or
         replaced.

            2.10 "EXEMPT PERSON" means the Company, any Subsidiary thereof, any
         employee benefit plan of the Company or any Subsidiary thereof, any
         entity holding Shares for or pursuant to the terms of any such plan,
         and any stockholder as of the close of business on the date the Plan is
         adopted by the Board or any affiliate of any such stockholder.

            2.11 "FAIR MARKET VALUE" means with respect to the Shares, the fair
         market value determined in good faith by the Committee, in its
         discretion, which determination may, but need not, be based on (i) the
         advice of an independent financial advisor (which may be the Company's
         regular outside auditors) or (ii) the last known price per Share paid
         by a purchaser in an arm's length transaction; provided, however, that
         if there shall be a public market for the Shares, Fair Market Value
         shall mean (i) the closing price of the Shares on the principal stock
         exchange on which Shares are then traded or admitted to trading, on the
         last business day prior to the date on which the value is to be
         determined, (ii) if no sale takes place on such day on any such
         exchange, the average of the last reported closing bid and asked prices
         on

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         such day as officially quoted on any such exchange, or (iii) if the
         Shares are not then listed or admitted to trading on any such exchange,
         the average of the last reported closing bid and asked prices on
         such day on the over-the-counter market. For purposes of (i) above, the
         National Association of Securities Dealers National Market System shall
         be deemed a principal stock exchange. If there shall be a public market
         for the Shares, and the foregoing references are unavailable or
         inapplicable, then the Fair Market Value shall be determined on the
         basis of the appropriate public market price indicator as determined by
         the Committee, in its sole discretion. Notwithstanding the foregoing,
         with respect to Options granted on, or as of, the date of the closing
         of the Company's initial public offering of Shares pursuant to a
         registration statement under the Securities Act of 1933, as amended,
         which has been filed with, and declared effective by, the Securities
         and Exchange Committee, Fair Market Value means the initial price at
         which Shares are sold in such offering.

            2.12 "INCENTIVE STOCK OPTION" means an Option intending to meet the
         requirements and containing the limitations and restrictions set forth
         in Section 422 of the Code and designated in the Option Agreement as an
         Incentive Stock Option.

            2.13 "NON-QUALIFIED STOCK OPTION" means an Option other than an
         Incentive Stock Option.

            2.14 "OPTION" means the right to purchase the number of Shares
         specified by the Committee, at a price and for a term fixed by the
         Committee, in accordance with the Plan, and subject to such other
         limitations and restrictions as the Plan and the Committee may impose.

            2.15 "OPTION AGREEMENT" means a written agreement in such form as
         may be, from time to time, hereafter approved by the Committee, which
         shall be duly executed by the Company and the Participant and which
         shall set forth the terms and conditions of an Option under the Plan.

            2.16 "PARENT" means any corporation, other than the employer
         corporation, in an unbroken chain of corporations ending with the
         employer corporation if, at the time of the granting of the Option,
         each of the corporations other than the employer corporation owns stock
         possessing fifty percent (50%) or more of the total combined voting
         power of all classes of stock in one of the other corporations in such
         chain.

            2.17 "PARTICIPANTS" means Employees and key consultants of the
         Company or any of its Subsidiaries.

            2.18 "PERSON" means any individual, partnership, corporation, trust,
         limited liability company, or other entity.

            2.19 "PLAN" means the 2001 Stock Option Plan of FanZ Enterprises,
         Inc.

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            2.20 "REGULATIONS T" means Part 220, chapter II, title 12 of the
         Code of Federal Regulations, issued by the Board of Governors of the
         Federal Reserve System pursuant to the Exchange Act as amended from
         time to time, or any successor regulation which may hereafter be
         adopted in lieu thereof.

            2.21 "RULE 16b-3" means Rule 16b-3 of the General Rules and
         Regulations of the Exchange Act, as in effect at the time of reference,
         or any successor rules or regulations which may hereafter be adopted in
         lieu thereof, and any reference to any specific provisions of Rule
         16b-3 shall refer to the corresponding provisions of Rule 16b-3 as it
         may hereafter be amended or replaced.

            2.22 "SHARES" means shares of the common stock, $.01 par value, of
         the Company or, if by reason of the adjustment provisions contained
         herein, any rights under an Option under the Plan pertain to any other
         security, such other security.

            2.23 "SUBSIDIARY" OR "SUBSIDIARIES" means any corporation or
         corporations other than the employer corporation in an unbroken chain
         of corporations beginning with the employer corporation if each of the
         corporations other than the last corporation in the unbroken chain owns
         stock possessing fifty percent (50%) or more of the total combined
         voting power of all classes of stock in one of the other corporations
         in such chain.

            2.24 "SUCCESSOR" means (i) the legal representative of the estate of
         a deceased Participant, (ii) the person or persons who shall acquire
         the right to exercise or receive an Option by bequest or inheritance or
         by reason of the death of the Participant or (iii) the beneficiary or
         beneficiaries designated by the Participant for any Option granted to
         the Participant that is outstanding at the time of his death.

            2.25 "TERM" means the period during which a particular Option may be
         exercised.

         3. SHARES SUBJECT TO THE PLAN. There will be reserved for use, upon the
exercise of Options to be granted from time to time under the Plan, an aggregate
number of Shares equal to 9% of the number of Shares outstanding after giving
effect to closing of the Company's initial public offering with gross proceeds
of at least $10,000,000, which Shares may be, in whole or in part, as the Board
shall from time to time determine, authorized but unissued Shares, or issued
Shares which shall have been reacquired by the Company. Any Shares subject to
issuance upon exercise of Options but which are not issued because of a
surrender, lapse, expiration, forfeiture or termination of any such Option prior
to issuance of the Shares shall once again be available for issuance in
satisfaction of Options.

         4. ADMINISTRATION OF THE PLAN. The Board shall be invested with the
responsibility for the administration of the Plan; provided, however, that the
Board may appoint a Committee; provided, further, however, that at such time, if
ever, that the Company becomes subject to the Exchange Act, the Board shall
appoint a Committee, which shall consist of not less than two (2) outside
directors as defined in Treasury Regulation Section 1.162-27 who shall also
qualify as disinterested directors within the meaning of Rule 16b-3, which shall
be invested with the

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responsibility for the administration of the Plan; provided further, however,
that the failure to appoint a Committee satisfying the foregoing requirement
shall not affect the validity of any Options granted under the Plan. Subject to
the provisions of the Plan, the Committee shall have full authority, in its
discretion, to determine the Participants to whom Options shall be granted, the
number of Shares to be covered by each of the Options, and the terms of any such
Option; to amend or cancel Options (subject to Section 17 of the Plan); to
accelerate the vesting of Options; to require the cancellation or surrender of
any previously granted awards under this Plan or any other plans of the Company
as a condition to the granting of an Option; to interpret the Plan; to
prescribe, amend and rescind rules and regulations relating to the Plan; and
generally to interpret and determine any and all matters whatsoever relating to
the administration of the Plan and the granting of Options hereunder. The Board
may from time to time appoint members to the Committee in substitution for or in
addition to members previously appointed and may fill vacancies, however caused,
in the Committee. The Committee shall select one of its members as its chairman
and shall hold its meetings at such times and places as it shall deem advisable.
A majority of its members shall constitute a quorum. Any action of the Committee
may be taken by a written instrument signed by all of the members, and any
action so taken shall be fully as effective as if it had been taken by a vote of
a majority of the members at a meeting duly called and held. The Committee shall
make such rules and regulations for the conduct of its business as it shall deem
advisable and shall appoint a Secretary who shall keep minutes of its meetings
and records of all action taken in writing without a meeting. No member of the
Committee shall be liable, in the absence of bad faith, for any act or omission
with respect to his or her service on the Committee.

         5. PARTICIPANTS TO WHOM OPTIONS MAY BE GRANTED. Options may be granted
in each calendar year or portion thereof while the Plan is in effect to such of
the Participants as the Committee, in its discretion, shall determine. In
determining the Participants to whom Options shall be granted and the number of
Shares to be issued or subject to purchase or issuance under such Options, the
Committee shall take into account the recommendations of the Company's
management as to the duties of the respective Participants, their present and
potential contributions to the success of the Company and its Subsidiaries, and
such other factors as the Committee shall deem relevant in connection with
accomplishing the purposes of the Plan; provided however, that no Incentive
Stock Option may be granted to a Participant who is not an Employee; and
provided further, however, that no Option may be granted to a member of the
Board who is not also an Employee. No Participant may receive Options to acquire
more than 50,000 Shares in any one calendar year.

         6. OPTION TERMS AND CONDITIONS.

            6.1 TYPES OF OPTIONS. Options granted under the Plan may be
         (i) Incentive Stock Options, (ii) Non-Qualified Stock Options, or (iii)
         a combination of the foregoing. The Option Agreement shall designate
         whether an Option is an Incentive Stock Option or a Non-Qualified Stock
         Option and separate Option Agreements shall be issued for each type of
         Option when a combination of an Incentive Stock Option and a
         Non-Qualified Stock Option are granted on the same date to the same
         Participant. Any Option which is designated as a Non-Qualified Stock
         Option shall not be treated by the Company or the Participant to whom
         the Option is granted as an Incentive Stock Option for federal income
         tax purposes.

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            6.2 OPTION PRICE. Unless otherwise determined by the Committee, in
         its sole discretion, the option price per share of any Non-Qualified
         Stock Option granted under the Plan shall not be less than the Fair
         Market Value of the Shares covered by the Option on the date the Option
         is granted; provided that in no event will the option price per share
         be less than eighty-five percent (85%) of the Fair Market Value of the
         Shares covered by the Option on the date the Option is granted. The
         option price per share of any Incentive Stock Option granted under the
         Plan shall not be less than the Fair Market Value of the Shares covered
         by the Option on the date the Option is granted.

            Notwithstanding anything herein to the contrary, in the event
         an Incentive Stock Option is granted to an Employee who, at the time
         such Incentive Stock Option is granted, owns, as defined in Section 424
         of the Code, stock possessing more than ten percent (10%) of the total
         combined voting power of all classes of stock of:

                  (i)    the Company; or

                 (ii)    if applicable, a Subsidiary; or

                (iii)    if applicable, a Parent,

         then the option price per share of any Incentive Stock Option granted
         to such Employee shall not be less than one hundred ten percent (110%)
         of the Fair Market Value of the Shares covered by the Option on the
         date the Option is granted.

            6.3 TERMS OF OPTIONS. Options granted hereunder shall be exercisable
         for a Term of not more than five (5) years from the date of grant
         thereof, but shall be subject to earlier termination as hereinafter
         provided. Each Option Agreement issued hereunder shall specify the term
         of the Option, which term shall be determined by the Committee in
         accordance with its discretionary authority hereunder.

            Notwithstanding anything herein to the contrary, in the event an
         Incentive Stock Option is granted to an Employee who, at the time such
         Incentive Stock Option is granted, owns, as defined in Section 424 of
         the Code, stock possessing more than ten percent (10%) of the total
         combined voting power of all classes of stock of:

                  (i)    the Company; or

                 (ii)    if applicable, a Subsidiary; or

                (iii)    if applicable, a Parent,

         then such Incentive Stock Option shall not be exercisable more than
         five (5) years from the date of grant thereof, but shall be subject to
         earlier termination as hereinafter provided.

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            6.4 OTHER TERMS AND CONDITIONS OF OPTIONS. Each Option or each
         Option Agreement setting forth an Option shall contain such other terms
         and conditions (e.g., vesting conditions) not inconsistent herewith as
         shall be approved by the Committee.

         7. LIMIT ON FAIR MARKET VALUE OF INCENTIVE STOCK OPTIONS. No Employee
may be granted an Incentive Stock Option hereunder to the extent that the
aggregate fair market value (such fair market value being determined as of the
date of grant of the option in question) of the stock with respect to which
incentive stock options are first exercisable by any Employee during any
calendar year (under all such plans of the Employee's employer corporation, its
Parent, if any, and its Subsidiaries, if any) exceeds One Hundred Thousand
Dollars ($100,000). For purposes of the preceding sentence, options shall be
taken into account in the order in which they were granted. Any Option granted
under the Plan which is intended to be an Incentive Stock Option, but which
exceeds the limitation set forth in this Section 7, shall be a Non-Qualified
Stock Option.

         8. DATE OF GRANT. The date of grant of an Option granted hereunder
shall be the date on which the Committee acts in granting the Option or, if
later, such other date as the Committee shall specify.

         9. EXERCISE OF RIGHTS UNDER OPTIONS.

            9.1 NOTICE OF EXERCISE. A Participant entitled to exercise an Option
         shall do so by delivery of a written notice to that effect specifying
         the number of Shares with respect to which the Option is being
         exercised and any other relevant information the Committee may require.
         The notice shall be accompanied by payment in full of the purchase
         price of any Shares to be purchased, which payment may be made in cash
         or, with the Committee's approval, in Shares that have been held for at
         least six (6) months valued at their Fair Market Value on the date of
         exercise or, upon the approval of the Committee, by a combination of
         cash and Shares. No Shares shall be issued upon exercise of an Option
         until full payment has been made therefor. All notices or requests
         provided for herein shall be delivered to the Company's President, or
         such other person as the Committee may designate. No fractional Shares
         shall be issued.

            9.2 CASHLESS EXERCISE PROCEDURES. At such time that Shares are
         traded on the over-the-counter market or on any other established
         securities market, the Company, in its sole discretion, may establish
         procedures whereby a Participant, subject to the requirements of Rule
         16b-3, Regulation T, federal income tax laws, and other federal, state
         and local tax and securities laws, can exercise an Option or a portion
         thereof without making a direct payment of the option price to the
         Company; provided, however, that these cashless exercise procedures
         shall not apply to Incentive Stock Options which are outstanding on the
         date the Company establishes such procedures unless the application of
         such procedures to such Options is permitted pursuant to the Code and
         the regulations thereunder without affecting the Options' qualification
         under Code Section 422 as Incentive Stock Options. If the Company so
         elects to establish a cashless exercise program, the Company shall
         determine, in its sole discretion, and from time to time, such
         administrative procedures and policies as

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         it deems appropriate and such procedures and policies shall be binding
         on any Participant wishing to utilize the cashless exercise program.

         10. RIGHTS OF OPTION HOLDER. Subject to the provisions in Sections 15
and 18 of this Plan, the holder of an Option shall not have any of the rights of
a stockholder with respect to the Shares subject to purchase or receipt under
the Option, except to the extent that the holder has exercised the Option for
those Shares in accordance with the terms of the Option Agreement applicable to
such Option and paid the full exercise price for the purchased Shares to the
Company.

         11. NONTRANSFERABILITY OF OPTIONS. Unless otherwise determined by the
Committee, and set forth in an Option Agreement, an Option shall not be
transferable other than: (a) by will or the laws of descent and distribution or
pursuant to any beneficiary designation in effect for said Option at the time of
the holder's death, and an Option subject to exercise may be exercised, during
the lifetime of the holder of the Option, only by the holder or in the event of
death, the holder's Successor, or in the event of disability, the holder's
personal representative, or (b) pursuant to a qualified domestic relations
order, as defined in the Code or ERISA or the rules thereunder.

         12. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. In the event of changes
in all of the outstanding Shares by reason of stock dividends, stock splits,
reclassifications, recapitalizations, mergers, consolidations, combinations,
exchanges of Shares, separations, reorganizations or liquidations, or similar
events, or in the event of extraordinary cash or non-cash dividends being
declared with respect to the Shares, or similar transactions or events, the
number and class of Shares available under the Plan in the aggregate, the number
and class of Shares subject to Options theretofore granted, applicable purchase
prices and all other applicable provisions, shall, subject to the provisions of
the Plan, be equitably adjusted by the Committee (which adjustment may, but need
not, include payment to the holder of an Option, in cash or in securities, in an
amount equal to the difference between the price at which such Option may be
exercised and the then current fair market value of the Shares subject to such
Option) as equitably determined by the Committee in order to prevent the
diminution or enlargement of benefits thereunder. The foregoing adjustment and
the manner of application of the foregoing provisions shall be determined by the
Committee, in its sole discretion; provided, however, to the extent applicable,
any adjustment to an Incentive Stock Option shall be made in a manner consistent
with Section 424 of the Code. Any such adjustment may provide for the
elimination of any fractional share which might otherwise become subject to an
Option.

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         13. CHANGE IN CONTROL. Notwithstanding anything to the contrary in the
Plan or any Option Agreement, in the case of a Change in Control of the Company:

             (a) If the Change in Control of the Company is described in Section
         2.2(a) or 2.2(b) of the Plan, the Committee may, in its discretion,
         taking into account the purposes of this Plan, determine, on a case by
         case basis, that each Option granted under the Plan shall, subject to
         the following provisions, terminate ninety (90) days after the Board
         becomes aware of the occurrence of such Change in Control but, in the
         event of any such termination, an Option holder shall have the right,
         commencing at least five (5) days prior to such Change in Control and
         subject to any other limitation on the exercise of such Option in
         effect on the date of exercise to immediately exercise any Options in
         full, without regard to any vesting limitations, to the extent they
         shall not have been theretofore exercised.

             (b) If the Change in Control of the Company is described in Section
         2.2(c) of the Plan, then (i) the Committee shall use its best efforts
         to cause the acquiring or successor entity to either assume all
         outstanding Options granted under the Plan or to replace all
         outstanding Options granted under the Plan with comparable options
         which preserve the spread, exercise period and vesting periods of such
         Options; (ii) all outstanding Options granted under the Plan that are
         not so assumed or replaced with comparable options shall become
         exercisable in full immediately prior to, and conditioned upon, the
         closing of the transaction (a "Corporate Transaction") the approval of
         which resulted in a Change in Control described in Section 2.2(c) of
         the Plan and written notice of such acceleration shall be given to the
         holders of all non-assumed or non-replaced Options at least ten (10)
         days prior to the date of the closing of the Corporate Transaction; and
         (iii) all outstanding Options granted under the Plan shall
         automatically terminate upon the closing of the Corporate Transaction.

         14. FORMS OF OPTIONS. Nothing contained in the Plan nor any resolution
adopted or to be adopted by the Board or by the stockholders of the Company
shall constitute the granting of any Option. An Option shall be granted
hereunder only by action taken by the Committee in granting an Option. Whenever
the Committee shall designate a Participant for the receipt of an Option, the
Company's Secretary, or such other person as the Committee may designate, shall
forthwith send notice thereof to the Participant, in such form as the Committee
shall approve, stating the number of Shares subject to the Option, its Term, and
the other terms and conditions thereof. The notice shall be accompanied by a
written Option Agreement in such form as may from time to time hereafter be
approved by the Committee, which shall have been duly executed by or on behalf
of the Company. If the surrender of previously issued Options is made a
condition of the grant, the notice shall set forth the pertinent details of such
condition. Execution by the Participant to whom such Option is granted of said
Option Agreement in accordance with the provisions set forth in this Plan shall
be a condition precedent to the exercise or receipt of any Option.

         15. TAXES. The Company shall have the right to require a person
entitled to receive Shares pursuant to the receipt, vesting or exercise of an
Option under the Plan to pay the Company the amount of any taxes which the
Company is or will be required to withhold with respect to such Shares before
the Shares are issued in such person's name. Furthermore, the Company may elect
to

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deduct such taxes from any other amounts then payable in cash or in Shares or
from any other amounts payable any time thereafter to the Participant. If the
Participant disposes of the Shares acquired pursuant to an Incentive Stock
Option in any transaction considered to be a disqualifying transaction under
Sections 421 and 422 of the Code, the Participant shall notify the Company of
such transfer and the Company shall have the right to deduct any taxes required
by law to be withheld from any amounts otherwise payable then or thereafter to
the Participant.

         16. TERMINATION OF THE PLAN. The Plan shall terminate ten (10) years
from the date hereof, and an Option shall not be granted under the Plan after
that date although the terms of any Options may be amended at any date prior to
the end of its Term in accordance with the Plan. Any Options outstanding at the
time of termination of the Plan shall continue in full force and effect
according to the terms and conditions of the Option and this Plan.

         17. AMENDMENT OF THE PLAN. The Plan may be amended at any time and from
time to time by the Board, but no amendment without the approval of the
stockholders of the Company shall be made if stockholder approval under Section
422 of the Code, Section 162(m) of the Code or Rule 16b-3 would be required.
Notwithstanding the discretionary authority granted to the Committee in Section
4 of the Plan, no amendment of the Plan or any Option granted under the Plan
shall impair any of the rights of any holder, without the holder's consent,
under any Option theretofore granted under the Plan.

         18. DELIVERY OF SHARES ON EXERCISE OR GRANT. Delivery of certificates
for Shares pursuant to the exercise of an Option may be postponed by the Company
for such period as may be required for it with reasonable diligence to comply
with any applicable requirements of any federal, state or local law or
regulation or any administrative or quasi-administrative requirement applicable
to the sale, issuance, distribution or delivery of such Shares. The Committee
may, in its sole discretion, require a Participant to furnish the Company with
appropriate representations and a written investment letter prior to the
exercise of an Option or the delivery of any Shares pursuant to an Option.

         19. FEES AND COSTS. The Company shall pay all original issue taxes on
the issuance or exercise of any Option granted under the Plan and all other fees
and expenses necessarily incurred by the Company in connection therewith.

         20. EFFECTIVENESS OF THE PLAN. The Plan shall become effective when
approved by the Board. The Plan shall thereafter be submitted to the Company's
stockholders for approval and unless the Plan is approved either (i) by the
affirmative votes of the holders of shares having a majority of the voting power
of all shares represented at a meeting duly held in accordance with Delaware law
within twelve (12) months after being approved by the Board or (ii) by a written
consent in accordance with Delaware law within twelve (12) months after being
approved by the Board, the Plan and all Options granted thereunder will be null
and void and of no force and effect.

         21. OTHER PROVISIONS. As used in the Plan, and in Options and other
documents prepared in implementation of the Plan, references to the masculine
pronoun shall be deemed to refer to the feminine or neuter, and references in
the singular or the plural shall refer to the plural or the singular,

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as the identity of the person or persons or entity or entities being referred to
may require. The captions used in the Plan and in such Options and other
documents prepared in implementation of the Plan are for convenience only and
shall not affect the meaning of any provision hereof or thereof.

         22. DELAWARE LAW TO GOVERN. This Plan shall be governed by and
construed in accordance with the laws of the State of Delaware.

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                                                             Exhibit No. 10(iii)

                           2001 NON-EMPLOYEE DIRECTOR
                              STOCK OPTION PLAN OF
                             FANZ ENTERPRISES, INC.

         1. PURPOSE OF THE PLAN. This 2001 Non-Employee Director Stock Option
Plan of FanZ Enterprises, Inc. adopted on this 15th day of May, 2001, is
intended to encourage directors of the Company who are not officers or key
employees of the Company or any of its Subsidiaries to acquire or increase their
ownership of common stock of the Company. The opportunity so provided is
intended to foster in participants an incentive to put forth maximum effort for
the continued success and growth of the Company and its Subsidiaries, to aid in
retaining individuals who put forth such efforts, and to assist in attracting
the best available individuals to the Company in the future.

         2. DEFINITIONS. When used herein, the following terms shall have the
meaning set forth below:

            2.1 "BOARD" means the Board of Directors of FanZ Enterprises, Inc.

            2.2 "CHANGE IN CONTROL" means a change in control of the Company as
         a result of the occurrence of any of the following events:

            (a) any person (as such term is used in Sections 13(d) and 14(d) of
         the Exchange Act) other than an Exempt Person (an "Acquiring Person")
         is or becomes the beneficial owner, directly or indirectly, of Shares
         of the Company representing more than fifty percent (50%) of the
         combined voting power of the Company's then outstanding voting
         securities, other than either in connection with an issuance of Shares
         or series of related issuances of Shares approved by the Board (which
         Board must include at least a majority who were Continuing Directors
         and which transaction or series of related transactions must have been
         approved by a majority of the Continuing Directors) or as the result of
         the reduction in the number of issued and outstanding Shares pursuant
         to a transaction or series of related transactions approved by the
         Board;

            (b) there shall cease to be a majority of the Board comprised of
         Continuing Directors; or

            (c) (i) the Members of the Company approve a merger or consolidation
         of the Company with any other entity, other than a merger or
         consolidation which would result in the voting securities of the
         Company outstanding immediately prior thereto continuing to represent
         more than fifty percent (50%) of the combined voting power of the
         voting securities of the Company or such surviving entity outstanding
         immediately after such merger or consolidation, or (ii) 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 substantially all the Company's assets (other than to a more
         than fifty percent (50%) subsidiary or other controlled person of the
         Company).

<PAGE>   2

            2.3 "CODE" means the Internal Revenue Code of 1986, as in effect at
         the time of reference, or any successor revenue code which may
         hereafter be adopted in lieu thereof, and any reference to any specific
         provisions of the Code shall refer to the corresponding provisions of
         the Code as it may hereafter be amended or replaced.

            2.4 "COMMITTEE" means the Compensation Committee of the Board or any
         other committee appointed by the Board which is invested by the Board
         with responsibility for the administration of the Plan.

            2.5 "COMPANY" means FanZ Enterprises, Inc.

            2.6 "CONTINUING DIRECTOR" means a director of the Company who is not
         an Acquiring Person or an affiliate or associate thereof or any of
         their representatives and who was either a director of the Company
         before any Person became an Acquiring Person or whose nomination or
         election to the Board was recommended or approved by a majority of the
         then Continuing Directors or by an Exempt Person.

            2.7 "DIRECTORS" means directors who serve on the Board and who are
         not officers or key employees of the Company or any of its
         Subsidiaries.

            2.8 "EFFECTIVE DATE" means the date of the closing of the Company's
         initial public offering of Shares pursuant to a registration statement
         under the Securities Act of 1933, as amended, which has been filed
         with, and declared effective by, the Securities and Exchange Committee.

            2.9 "ERISA" means the Employee Retirement Income Security Act of
         1974, as in effect at the time of reference, or any successor law which
         may hereafter be adopted in lieu thereof, and any reference to any
         specific provisions of ERISA shall refer to the corresponding
         provisions of ERISA as it may hereafter be amended or replaced.

            2.10 "EXCHANGE ACT" means the Securities Exchange Act of 1934, as in
         effect at the time of reference, or any successor law which may
         hereafter be adopted in lieu thereof, and any reference to any specific
         provisions of the Exchange Act shall refer to the corresponding
         provisions of the Exchange Act as it may be amended or replaced.

            2.11 "EXEMPT PERSON" means the Company, any Subsidiary thereof, any
         employee benefit plan of the Company or any Subsidiary thereof, any
         entity holding Shares for or pursuant to the terms of any such plan,
         and any stockholder as of the close of business on the date the Plan is
         adopted by the Board or any affiliate of any such stockholder.

            2.12 "FAIR MARKET VALUE" means with respect to the Shares, the fair
         market value determined in good faith by the Committee, in its
         discretion, which determination may, but need not, be based on (i) the
         advice of an independent financial advisor (which may be the Company's
         regular outside auditors) or (ii) the last known price per Share

                                       2
<PAGE>   3

         paid by a purchaser in an arm's length transaction; provided, however,
         that if there shall be a public market for the Shares, Fair Market
         Value shall mean (i) the closing price of the Shares on the principal
         stock exchange on which Shares are then traded or admitted to trading,
         on the last business day prior to the date on which the value is to be
         determined, (ii) if no sale takes place on such day on any such
         exchange, the average of the last reported closing bid and asked prices
         on such day as officially quoted on any such exchange, or (iii) if the
         Shares are not then listed or admitted to trading on any such exchange,
         the average of the last reported closing bid and asked prices on such
         day on the over-the-counter market. For purposes of (i) above, the
         National Association of Securities Dealers National Market System shall
         be deemed a principal stock exchange. If there shall be a public market
         for the Shares, and the foregoing references are unavailable or
         inapplicable, then the Fair Market Value shall be determined on the
         basis of the appropriate public market price indicator as determined by
         the Committee, in its sole discretion. Notwithstanding the foregoing,
         with respect to Options granted on, or as of, the date of the closing
         of the Company's initial public offering of Shares pursuant to a
         registration statement under the Securities Act of 1933, as amended,
         which has been filed with, and declared effective by, the Securities
         and Exchange Committee, Fair Market Value means the initial price at
         which Shares are sold in such offering.

            2.13 "OPTION" means the right to purchase the number of Shares
         specified by the Plan at a price and for a term fixed by the Plan, and
         subject to such other limitations and restrictions as the Plan and the
         Committee imposes.

            2.14 "OPTION AGREEMENT" means a written agreement in such form as
         may be, from time to time, hereafter approved by the Committee, which
         shall be duly executed by the Company and the Director and which shall
         set forth the terms and conditions of an Option under the Plan.

            2.15 "PLAN" means the 2001 Non-Employee Director Stock Option Plan
         of FanZ Enterprises, Inc.

            2.16 "QUALIFIED PUBLIC OFFERING" means the sale in an initial public
         offering registered under the Securities Act of 1933, as amended (the
         "Securities Act"), of the Common Stock of the Company consummated
         pursuant to a registration statement declared effective under the
         Securities Act, the gross proceeds of which to the Company are at least
         Ten Million Dollars ($10,000,000).

            2.17 "REGULATION T" means Part 220, chapter II, title 12 of the Code
         of Federal Regulations, issued by the Board of Governors of the Federal
         Reserve System pursuant to the Exchange Act, as amended from time to
         time.

            2.18 "RULE 16b-3" means Rule 16b-3 of the General Rules and
         Regulations of the Securities and Exchange Commission as in effect at
         the time of reference, or any successor rules or regulations which may
         hereafter be adopted in lieu thereof, and any reference to any specific
         provisions of Rule 16b-3 shall refer to the corresponding provisions of
         Rule 16b-3 as it may hereafter be amended or replaced.

                                       3
<PAGE>   4

            2.19 "SHARES" means shares of the common stock $.01 par value, of
         the Company or, if by reason of the adjustment provisions contained
         herein, any rights under an Option under the Plan pertain to any other
         security, such other security.

            2.20 "SUBSIDIARY" or "SUBSIDIARIES" means any corporation or
         corporations other than the Company in an unbroken chain of
         corporations beginning with the Company if each of the corporations
         other than the last corporation in the unbroken chain owns stock
         possessing fifty percent (50%) or more of the total combined voting
         power of all classes of stock in one of the other corporations in such
         chain.

            2.21 "SUCCESSOR" means (i) the legal representative of the estate of
         a deceased Director, (ii) the person or persons who shall acquire the
         right to exercise or receive an Option by bequest or inheritance or by
         reason of the death of the Director or (iii) the beneficiary or
         beneficiaries designated by the Director for any Option granted to the
         Director which is outstanding at the time of his death.

            2.22 "TERM" means the period during which a particular Option may be
         exercised.

         3. STOCK SUBJECT TO THE PLAN. There will be reserved for use, upon the
exercise of Options to be granted from time to time under the Plan, an aggregate
number of shares equal to 1% of the issued and outstanding Shares upon
completion of a Qualified Public Offering, which Shares may be, in whole or in
part, as the Board shall from time to time determine, authorized but unissued
Shares, or issued Shares which shall have been reacquired by the Company. Any
Shares subject to issuance upon exercise of Options but which are not issued
because of a surrender, lapse, expiration or termination of any such Option
prior to issuance of the Shares shall once again be available for issuance in
satisfaction of Options.

         4. ADMINISTRATION OF THE PLAN. The Board shall be invested with the
responsibility for the administration of the Plan; provided, however, that the
Board may appoint a Committee provided, further, however, that at such time, if
ever, that the Company becomes subject to the Exchange Act, the Board shall
appoint a Committee, which shall consist of not less than two (2) outside
directors as defined in Treasury Regulation Section 1.162-27 who shall also
qualify as disinterested directors within the meaning of Rule 16b-3, which shall
be invested with the responsibility for the administration of the Plan; provided
further, however, that the failure to appoint a Committee satisfying the
foregoing requirement shall not affect the validity of any Options granted under
the Plan. Subject to the provisions of the Plan, the Committee shall have full
authority, in its discretion, to interpret the Plan, to prescribe, amend and
rescind rules and regulations relating to the Plan, and generally to interpret
and determine any and all matters whatsoever relating to the administration of
the Plan and the granting of Options hereunder. The Board may, from time to
time, appoint members to the Committee in substitution for or in addition to
members previously appointed and may fill vacancies, however caused, in the
Committee. The Committee shall select one of its members as its chairman and
shall hold its meetings at such times and places as it shall deem advisable. A
majority of its members shall constitute a quorum. Any action of the Committee
may be taken by a written instrument signed

                                       4
<PAGE>   5

by all of the members, and any action so taken shall be fully as effective as if
it had been taken by a vote of a majority of the members at a meeting duly
called and held. The Committee shall make such rules and regulations for the
conduct of its business as it shall deem advisable and shall appoint a Secretary
who shall keep minutes of its meetings and records of all action taken in
writing without a meeting. No member of the Committee shall be liable, in the
absence of bad faith, for any act or omission with respect to his or her service
on the Committee.

         5. GRANT OF OPTIONS.

            5.1 EXISTING DIRECTORS. Each Director who is a Director on the
         Effective Date shall be granted an Option to purchase 100 Shares
         without further action by the Board or the Committee. On each two year
         anniversary of the Effective Date, each Director who (i) was a Director
         on the Effective Date and (ii) is still a Director on such anniversary
         date shall be granted an Option to purchase 100 Shares without further
         action by the Board or the Committee.

            5.2 FUTURE DIRECTORS. Each Director who joins the Board after the
         Effective Date shall be granted an Option on the first day (the
         "Initial Grant Date") of his initial term on the Board to purchase 100
         Shares without further action by the Board or the Committee. On each
         two year anniversary of the Initial Grant Date of a Director who was
         not a Director on the Effective Date, if such Director is still a
         Director on such anniversary date, then such Director shall be granted
         an Option to purchase 100 Shares without further action of the Board or
         the Committee.

            5.3 LIMITATIONS. If the number of Shares available to grant under
         the Plan on a scheduled date of grant is insufficient to make all
         automatic grants required to be made pursuant to the Plan on such date,
         then each eligible Director shall receive an Option to purchase a pro
         rata number of the remaining Shares available under the Plan; provided
         further, however, that if such proration results in fractional Shares,
         then such Option shall be rounded down to the nearest number of whole
         Shares.

         6. BASIC STOCK OPTION PROVISIONS.

            6.1 OPTION PRICE. The option price per share of any Option granted
         under the Plan shall be the Fair Market Value of the Shares covered by
         the Option on the date the Option is granted.

            6.2 TERMS OF OPTIONS.

                (a) Options granted hereunder shall be exercisable for a Term of
            five (5) years from the date of grant thereof, but shall be subject
            to earlier termination as hereinafter provided.

                (b) Except as otherwise provided in the Plan, prior to its
            expiration or termination, any Option granted hereunder may be
            exercised within the following time limitations:

                                       5
<PAGE>   6

                    (i) After one (1) year from the date of grant, it may be
                exercised as to not more than twenty-five percent (25%) of the
                Shares originally subject to the Option.

                    (ii) After two (2) years from the date of grant, it may be
                exercised as to not more than an aggregate of fifty percent
                (50%) of the Shares originally subject to the Option.

                    (iii) After three (3) years from the date of grant, it may
                be exercised as to not more than an aggregate of seventy-five
                percent (75%) of the Shares originally subject to the Option.

                    (iv) After four (4) years from the date of grant, it may be
                exercised as to any part or all of the Shares originally subject
                to the Option.

         6.3 TERMINATION OF DIRECTORSHIP. In the event a Director ceases to be a
member of the Board (other than by reason of death or disability), then (a) an
Option may be exercised by the Director (to the extent that the Director was
entitled to do so at the termination of his or her directorship) at any time
within three (3) months after he ceases to be a member of the Board, but not
beyond the Term of the Option, (b) the portion of the Option that has not vested
as of the date the Director ceases to be a member of the Board shall
automatically terminate as of the date he ceases to be a member of the Board and
(c) the vested portion of the Option shall automatically terminate upon the
expiration of the three (3) month period described above.

         6.4 DEATH OR DISABILITY OF DIRECTOR. If a Director dies or becomes
disabled while he is a member of the Board, or within three (3) months after the
date he ceases to be a member of the Board, then (a) an Option may be exercised
(to the extent the Director shall have been entitled to do so at the time of his
death or disability) in full, by his Successor, in the event of death, or by him
or his personal representative, as the case may be, in the event of disability,
at any time within one (1) year after his or her death or termination of
directorship by reason of disability, but not beyond the Term of the Option, (b)
the portion of the Option that has not vested as of the date of the Director's
death or the termination of his directorship by reason of disability shall
automatically terminate as of such date and (c) the vested portion of the Option
shall automatically terminate upon the expiration of the one (1) year period
described above.

         7. EXERCISE OF RIGHTS UNDER AWARDS.

            7.1 NOTICE OF EXERCISE. A Director entitled to exercise an Option
         may do so by delivery of a written notice to that effect specifying the
         number of Shares with respect to which the Option is being exercised
         and any other information the Committee may require. The notice shall
         be accompanied by payment in full of the purchase price of any Shares
         to be purchased, which payment shall be made in cash or by certificates
         of Shares held for more than six (6) months, duly endorsed in blank,
         equal in value to the purchase price of the Shares to be purchased
         based on their Fair Market Value at the time of

                                       6
<PAGE>   7

         exercise or a combination thereof. No Shares shall be issued upon
         exercise of an Option until full payment has been made therefor. All
         notices or requests provided for herein shall be delivered to the
         Company's President, or such other person as the Committee may
         designate. No fractional Shares shall be issued.

                  7.2 CASHLESS EXERCISE PROCEDURES. The Company, in its sole
         discretion, may establish procedures whereby a Director, subject to the
         requirements of Rule 16b-3, Regulation T, federal income tax laws, and
         other federal, state and local tax and securities laws, can exercise an
         Option or a portion thereof without making a direct payment of the
         option price to the Company. If the Company so elects to establish a
         cashless exercise program, the Company shall determine, in its sole
         discretion, and from time to time, such administrative procedures and
         policies as it deems appropriate and such procedures and policies shall
         be binding on any Director wishing to utilize the cashless exercise
         program.

         8. OTHER OPTION TERMS AND CONDITIONS. Each Option or each Option
Agreement evidencing the grant of an Option shall contain such other terms and
conditions not inconsistent herewith as shall be approved by the Committee.

         9. RIGHTS OF OPTION HOLDER. Subject to the provisions in Sections 14
and 17 of this Plan, the holder of an Option shall not have any of the rights of
a stockholder with respect to the Shares subject to purchase or receipt under
his Option, except to the extent that the holder has exercised the Option for
those Shares in accordance with the terms of the Option Agreement applicable to
such Option and paid the full exercise price for the purchased Shares to the
Company.

         10. NONTRANSFERABILITY OF OPTIONS. Unless otherwise determined by the
Committee and set forth in an Option Agreement, an Option shall not be
transferable, other than: (a) by will or the laws of descent and distribution or
pursuant to any beneficiary designation in effect for said Option at the time of
the holder's death, and an Option may be exercised, during the lifetime of the
holder of the Option, only by the holder, or in the event of death, the holder's
Successor, or in the event of disability, the holder's personal representative,
or (b) pursuant to a qualified domestic relation order, as defined in the Code
or ERISA or the rules thereunder.

                                       7
<PAGE>   8

         11. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. In the event of changes
in all of the outstanding Shares by reason of stock dividends, stock splits,
reclassifications, recapitalizations, mergers, consolidations, combinations,
exchanges of shares, separations, reorganizations or liquidations, or similar
events, or in the event of extraordinary cash or non-cash dividends being
declared with respect to the Shares, or similar transactions or events, the
number and class of Shares available under the Plan in the aggregate, the number
and class of Shares subject to Options theretofore granted, applicable purchase
prices and all other applicable provisions, shall, subject to the provisions of
the Plan, be equitably adjusted by the Committee (which adjustment may, but need
not, include payment to the holder of an Option, in cash or in shares, in an
amount equal to the difference between the price at which such Option may be
exercised and the then current fair market value of the Shares subject to such
Option) as equitably determined by the Committee in order to prevent the
diminution or enlargement of benefits thereunder. The foregoing adjustment and
the manner of application of the foregoing provisions shall be determined by the
Committee, in its sole discretion. Any such adjustment may provide for the
elimination of any fractional share which might otherwise become subject to an
Option.

         12. CHANGE IN CONTROL. Notwithstanding anything to the contrary herein
or in any Option Agreement, in the case of a Change in Control of the Company,
each Option granted under the Plan shall terminate upon the later of (i) the
thirtieth (30th) day after the date the Option holder receives written notice
from the Company of such Change in Control or (ii) the consummation of such
Change in Control, and an Option holder shall have the right, conditioned upon
the consummation of such Change in Control and subject to any other limitation
on exercise of an Option in effect on the date of exercise, to exercise any
Option in full, without regard to any vesting limitations, to the extent it
shall not have been previously exercised.

         13. FORMS OF OPTIONS. An Option shall be granted hereunder on the date
or dates specified in the Plan. Whenever the Plan provides for the receipt of an
Option by a Director, the Company's President or such other person as the
Committee shall appoint, shall forthwith send notice thereof to the Director, in
such form as the Committee shall approve, stating the number of Shares subject
to the Option, its Term, and the other terms and conditions thereof. The notice
shall be accompanied by a written Option Agreement, in such form as may from
time to time hereafter be approved by the Committee, which shall have been duly
executed by or on behalf of the Company. Execution by the Director to whom such
Option is granted of said Option Agreement in accordance with the provisions set
forth in this Plan shall be a condition precedent to the exercise of any Option.

         14. TAXES.

             14.1 RIGHT TO WITHHOLD REQUIRED TAXES. The Company shall have the
         right to require a person entitled to receive Shares pursuant to the
         exercise of an Option under the Plan to pay the Company the amount of
         any taxes which the Company is or will be required to withhold, if any,
         with respect to such Shares before the certificate for such Shares is
         delivered pursuant to the Option. Furthermore, the Company may elect to
         deduct such taxes from any other amounts then payable in cash or in
         shares or from any other amounts payable any time thereafter to the
         Director.

                                       8
<PAGE>   9

             14.2 DIRECTOR ELECTION TO WITHHOLD SHARES. A Director may satisfy
         the withholding tax liability, if any, with respect to the exercise of
         an Option, by having the Company withhold Shares otherwise issuable
         upon exercise of the Option if such Director makes an election to do so
         which satisfies the requirements of Rule 16b-3.

         15. TERMINATION OF THE PLAN. The Plan shall terminate ten (10) years
from the date the Plan becomes effective, and an Option shall not be granted
under the Plan after that date although the terms of any Option may be amended
at any date prior to the end of its Term in accordance with the Plan. Any Option
outstanding at the time of termination of the Plan shall continue in full force
and effect according to the terms and conditions of the Option and this Plan.

         16. AMENDMENT OF THE PLAN. The Plan may be amended at any time and from
time to time by the Board, but no amendment without the approval of the
stockholders of the Company shall be made if stockholder approval under Rule
16b-3 would be required. Notwithstanding the discretionary authority granted to
the Committee in Section 4 of the Plan, no amendment of the Plan or any Option
granted under the Plan shall impair any of the rights of any holder, without the
holder's consent, under any Option theretofore granted under the Plan.

         17. DELIVERY OF SHARES ON EXERCISE. Delivery of certificates for Shares
pursuant to an Option exercise may be postponed by the Company for such period
as may be required for it with reasonable diligence to comply with any
applicable requirements of any federal, state or local law or regulation or any
administrative or quasi-administrative requirement applicable to the sale,
issuance, distribution or delivery of such Shares. The Committee may, in its
sole discretion, require a Director to furnish the Company with appropriate
representations and a written investment letter prior to the exercise of an
Option or the delivery of any Shares pursuant thereto.

         18. FEES AND COSTS. The Company shall pay all original issue taxes on
the exercise of any Option granted under the Plan and all other fees and
expenses necessarily incurred by the Company in connection therewith.

         19. EFFECTIVENESS OF THE PLAN. The Plan shall become effective on the
Effective Date.

         20. OTHER PROVISIONS. As used in the Plan, and in Option Agreements and
other documents prepared in implementation of the Plan, references to the
masculine pronoun shall be deemed to refer to the feminine or neuter, and
references in the singular or the plural shall refer to the plural or the
singular, as the identity of the person or persons or entity or entities being
referred to may require. The captions used in the Plan and in such Option
Agreements and other documents prepared in implementation of the Plan are for
convenience only and shall not affect the meaning of any provision hereof or
thereof.

         21. DELAWARE LAW TO GOVERN. This Plan shall be governed by and
construed in accordance with the laws of the State of Delaware.

                                       9

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