Document:

JVWEB, INC.
                    2000 NON-QUALIFIED STOCK OPTION PLAN

1.   NAME AND PURPOSES OF THE PLAN

         (a)      The plan set forth herein shall be known as "JVWeb, Inc. 2000
Non-Qualified Stock Option Plan" (the "Plan").

         (b)      The purposes of the Plan are to:

                  (i)      Encourage  selected  employees,  directors and
                           consultants to improve operations and increase
                           profits of JVWeb, Inc., a Delaware corporation (the
                           "Company");

                  (ii)     Encourage  selected  employees,  directors and
                           consultants to accept or continue  employment or
                           association with the Company or its Affiliates (as
                           defined below); and

                  (iii)    Increase   the   interest  of   selected   employees,
                           directors and  consultants  in the Company's  welfare
                           through  participation  in the growth in value of the
                           common stock of the Company (the "Common Stock").

         (c) The  options  granted  pursuant  to this Plan are not  intended  to
qualify as  "incentive  stock  options"  under  Section  422(b) of the  Internal
Revenue Code of 1986, as amended (the "Code"),  and the  provisions of this Plan
need not be construed in a manner  consistent with the requirements of that Code
section.

2.   ELIGIBLE PERSONS AND CERTAIN DEFINITIONS

         Any consultant,  non-employee  director,  or full-time  employee of the
Company or of any Affiliate selected by the Administrator (as defined herein) in
its sole discretion is eligible to receive a grant of an option pursuant to this
Plan (an "Option").  The term  "Affiliate" as used in the Plan means a parent or
subsidiary  corporation  as  defined  in the  applicable  provisions  (currently
Sections 424(e) and (f), respectively) of the Code. The term "employee" includes
an officer or director who is an employee of the Company.  The term "consultant"
includes  persons employed by, or otherwise  affiliated with, a consultant.  The
term  "Optionee"  shall  refer to a person in whose  favor an Option is  granted
pursuant to this Plan. The term  "Acquired  Shares" shall refer to the shares of
Common Stock acquired by an Optionee pursuant to an exercise of an Option.

3.   STOCK SUBJECT TO THIS PLAN

         The total  number of shares of Common  Stock  that may be issued  under
Options  granted  pursuant  to this Plan shall not exceed  5.0  million.  Shares
covered by any Option that expires  unexercised shall become available again for
grants under the Plan.

4.   ADMINISTRATION

         (a) This Plan shall be  administered  by the Board of  Directors of the
Company (the  "Board") or by a committee of at least two Board  members to which
administration  of the Plan,  or of part of the Plan,  is  delegated  (in either
case, the "Administrator").

         (b) Subject to the other  provisions  of this Plan,  the  Administrator
shall have the  authority,  in its  discretion:  (i) to grant  Options;  (ii) to
determine  the Fair  Market  Value of the  Common  Stock  subject  to Options in
accordance  with Section 6.11 hereof;  (iii) to determine the exercise  price of
Options granted; (iv) to determine the persons to whom, and the time or times at
which,  Options  shall be  granted,  and the  number of shares  subject  to each
Option; (v) to interpret this Plan; (vi) to prescribe,  amend, and rescind rules
and  regulations  relating  to this  Plan;  (vii) to  determine  the  terms  and
provisions of each Option granted  (which need not be identical),  including but
not limited to, the time or times at which Options shall be exercisable;  (viii)
with the consent of the Optionee,  to modify or amend any Option;  (ix) to defer
(with the consent of the  Optionee)  the  exercise  date of any  Option;  (x) to
authorize  any  person  to  execute  on  behalf of the  Company  any  instrument
evidencing  the grant of an  Option;  and (xi) to make all other  determinations
deemed  necessary  or  advisable  for  the  administration  of  this  Plan.  The
Administrator  may  delegate  nondiscretionary  administrative  duties  to  such
employees of the Company as it deems proper.

         (c)      All  questions  of  interpretation,  implementation,  and
application  of  this  Plan  shall  be  determined  by the Administrator.  Such
determinations shall be final and binding on all persons.

         (d) With  respect  to persons  subject to Section 16 of the  Securities
Exchange Act of 1934,  as amended (the  "Exchange  Act"),  if any,  transactions
under this Plan are intended to comply with the  applicable  conditions  of Rule
16b-3,  or any successor rule thereto.  To the extent any provision of this Plan
or action by the  Administrator  fails to so comply, it shall be deemed null and
void, to the extent permitted by law and deemed advisable by the  Administrator.
Notwithstanding  the above, it shall be the responsibility of such persons,  not
of the Company or the Administrator,  to comply with the requirements of Section
16 of the Exchange Act; and neither the Company nor the  Administrator  shall be
liable if this Plan or any transaction  under this Plan fails to comply with the
applicable  conditions  of Rule 16b-3 or any successor  rule thereto,  or if any
such person incurs any liability under Section 16 of the Exchange Act.

5.   GRANTING OF OPTIONS; OPTION AGREEMENT

         (a) No Options  shall be  granted  under this Plan after ten years from
the date of adoption of this Plan by the Board.

         (b) Each Option shall be evidenced by a written stock option  agreement
(an "Option  Agreement"),  in form satisfactory to the Company,  executed by the
Company and the person to whom such Option is granted;  provided,  however, that
the failure by the Company,  the Optionee,  or both to execute such an agreement
shall not  invalidate  the granting of an Option,  although the exercise of each
Option shall be subject to Section 6.3.

         (c) The  Administrator may approve the grant of Options under this Plan
to persons who are expected to become employees, directors or consultants of the
Company,  but  are  not  employees,  directors  or  consultants  at the  date of
approval.

6.   TERMS AND CONDITIONS OF OPTIONS

         Each Option  granted  under this Plan shall be subject to the following
terms and conditions:

         6.1 Changes in Capital Structure. Subject to Section 6.2, if the Common
Stock is  changed  by  reason  of a stock  split,  reverse  stock  split,  stock
dividend,  or  recapitalization,  combination or  reclassification,  appropriate
adjustments  shall be made by the  Administrator  in (a) the number and class of
shares of Common Stock  subject to this Plan and each Option  outstanding  under
this Plan,  and (b) the exercise  price of each  outstanding  Option;  provided,
however,  that the Company shall not be required to issue fractional shares as a
result  of any such  adjustments.  Each  such  adjustment  shall be  subject  to
approval by the Administrator in its sole discretion.

         6.2      Corporate Transactions.

         (a) In the event of (i) a dissolution  or  liquidation  of the Company,
(ii) a  merger  or  consolidation  in which  the  Company  is not the  surviving
corporation   (other  than  a  merger  or  consolidation   with  a  wholly-owned
subsidiary,  a reincorporation  of the Company in a different  jurisdiction,  or
other transaction in which there is no substantial change in the shareholders of
the Company or their relative stock holdings and the Options  granted under this
Plan  are  assumed,   converted  or  replaced  by  the  successor  or  acquiring
corporation, which assumption,  conversion or replacement will be binding on all
Optionees), (iii) a merger in which the Company is the surviving corporation but
after which the  shareholders  of the Company  immediately  prior to such merger
(other than any  shareholder  which merges with the Company in such  merger,  or
which owns or controls  another  corporation  which merges,  with the Company in
such merger) cease to own their shares or other equity interests in the Company,
or (iv) the sale of all or substantially  all of the assets of the Company,  any
or all  outstanding  Options  may  be  assumed,  converted  or  replaced  by the
successor or acquiring  corporation (if any),  which  assumption,  conversion or
replacement will be binding on all Optionees. In the alternative,  the successor
or  acquiring   corporation  may  substitute   equivalent   options  or  provide
substantially similar consideration to Optionees as was provided to shareholders
(after  taking  into  account  the  existing  provisions  of the  Options).  The
successor  or  acquiring  corporation  may also issue,  in place of  outstanding
Acquired  Shares,  substantially  similar  shares or other  property  subject to
repurchase  restrictions  and other provisions no less favorable to the Optionee
than  those  which  applied to the  Acquired  Shares  immediately  prior to such
transaction  described in this Section  6.2(a).  In the event such  successor or
acquiring  corporation  (if any)  does not  assume  or  substitute  Options,  as
provided above, pursuant to a transaction described in this Section 6.2(a), then
notwithstanding any other provision in this Plan to the contrary, the vesting of
such Options will  accelerate  and the Options will become  exercisable  in full
prior to the  consummation of such event at such times and on such conditions as
the Administrator determines, and if such Options are not exercised prior to the
consummation  of the  corporate  transaction,  they  shall  terminate  upon  the
consummation of such corporate transaction.

         (b)  Subject  to any  greater  rights  granted to  Optionees  under the
foregoing  provisions of this Section 6.2, in the event of the occurrence of any
transaction  described in Section 6.2(a) hereof, any outstanding Options will be
treated  as  provided   in  the   applicable   agreement   or  plan  of  merger,
consolidation, dissolution, liquidation or sale of assets.

         (c) The  Company,  from  time to time,  also may  substitute  or assume
outstanding  options granted by another  company,  whether in connection with an
acquisition of such other company or otherwise, by either (i) granting an Option
under this Plan in substitution of such other company's option, or (ii) assuming
such  option  as if it had been  granted  under  this  Plan if the terms of such
assumed  option  could be applied  to an Option  granted  under this Plan.  Such
substitution  or assumption will be permissible if the holder of the substituted
or assumed  option  would have been  eligible to be granted an Option under this
Plan if the other  company had applied the rules of this Plan to such grant.  In
the event the Company  assumes an option granted by another  company,  the terms
and  conditions of such Option will remain  unchanged  (except that the exercise
price and the number and nature of shares  issuable  upon  exercise  of any such
Option may be adjusted  appropriately pursuant to Section 424(a) of the Code. In
the event the  Company  elects to grant a new Option  rather  than  assuming  an
existing  option,  such new  Option  may be granted  with a  similarly  adjusted
exercise price.

         6.3 Time of Option  Exercise.  Subject to Section  5,  Options  granted
under this Plan shall be exercisable (a) immediately as of the effective date of
the Option  Agreement  granting the Option,  or (b) in accordance with a vesting
schedule  attached to the Option  Agreement  and signed by  Optionee;  provided,
however,  that the right to exercise an Option must vest at the rate of at least
20% per year over five years from the date the Option was granted.  In any case,
no Option shall be exercisable until an Option Agreement in form satisfactory to
the Company is executed by the Company and the Optionee.

         6.4      Option Grant Date. Except in the case of advance approvals
described in Section 5(c), the date of grant of an Option under this Plan shall
be the date as of which the Administrator approves the grant.

         6.5  Nonassignability  of Option  Rights.  No Option granted under this
Plan shall be assignable  or otherwise  transferable  by the Optionee  except by
will  or by the  laws  of  descent  and  distribution.  During  the  life of the
Optionee, an Option shall be exercisable only by the Optionee.

         6.6 Payment.  Except as provided below, payment in full, in cash, shall
be made for all Common Stock purchased at the time written notice of exercise of
an Option is given to the Company,  and proceeds of any payment shall constitute
general funds of the Company. At the time an Option is granted or exercised, the
Administrator,  in the exercise of its absolute discretion after considering any
tax or accounting  consequences,  may authorize any one or more of the following
additional methods of payment:

         (a) Acceptance of the Optionee's full recourse  promissory note for all
or part of the exercise  price,  payable on such terms and bearing such interest
rate as determined by the  Administrator  (but in no event less than the minimum
interest rate specified under the Code at which no additional  interest would be
imputed),  which  promissory  note may be either  secured or  unsecured  in such
manner as the Administrator shall approve (including,  without limitation,  by a
security interest in the Acquired Shares); and

         (b)  Delivery by the  Optionee  of Common  Stock  already  owned by the
Optionee for all or part of the exercise  price,  provided the Fair Market Value
(determined  as set forth in Section  6.11) of such Common Stock is equal on the
date of exercise to the exercise  price, or such portion thereof as the Optionee
is authorized to pay by delivery of such stock;  provided,  however,  that if an
Optionee  has  exercised  any  portion of any Option  granted by the  Company by
delivery of Common Stock, the Optionee may not, within six months following such
exercise,  exercise  any Option  granted  under this Plan by  delivery of Common
Stock without the consent of the Administrator.

         6.7      Termination.

         (a) Subject to earlier  termination  pursuant to Section 6.2 hereof and
notwithstanding  the exercise periods set forth in the related Option Agreement,
exercise of an Option will always be subject to the following:

                  (i) If an Optionee is Terminated  for any reason except death,
         Disability  or Cause,  then an Optionee  may exercise  such  Optionee's
         Options,  only to the extent that such Options are  exercisable  on the
         Termination Date and such Options must be exercised by an Optionee,  if
         at all, within three (3) months after the  Termination  Date (or within
         such  shorter  time  period,  not less than  thirty (30) days after the
         Termination  Date,  or such longer time period not  exceeding  five (5)
         years  after  the  Termination   Date  as  may  be  determined  by  the
         Administrator),  but in any event, no later than the expiration date of
         the Options.

                  (ii) If an Optionee is Terminated  because of Optionee's death
         or  Disability  (or an  Optionee  dies  within  three (3) months  after
         Optionee's  Termination other than for Cause),  then Optionee's Options
         may be exercised,  only to the extent that such Options are exercisable
         by Optionee on the  Termination  Date and must be exercised by Optionee
         (or Optionee's legal representative or authorized assignee), if at all,
         within  twelve (12) months after the  Termination  Date (or within such
         shorter time period, not less than six (6) months after the Termination
         Date, or such longer time period not exceeding five (5) years after the
         Termination Date as may be determined by the Administrator), but in any
         event no later than the expiration date of the Options.

                  (iii) If an Optionee is terminated for Cause,  then Optionee's
         Options shall expire on such  Optionee's  Termination  Date, or at such
         later  time  and  on  such   conditions   as  are   determined  by  the
         Administrator.

         (b) "Termination" or "Terminated" means, for purposes of this Plan with
respect to an Optionee,  that the Optionee has for any reason  ceased to provide
services as an employee,  officer,  director or  consultant to the Company or an
Affiliate.  An Optionee will not be deemed to have ceased to provide services in
the case of (i) sick leave,  (ii)  military  leave,  or (iii) any other leave of
absence approved by the Administrator,  provided that such leave is for a period
of not more than ninety (90) days, unless  reinstatement  upon the expiration of
such leave is  guaranteed  by contract or statute or unless  provided  otherwise
pursuant to formal  policy  adopted  from time to time by the Company and issued
and promulgated in writing.  In the case of any Optionee on (i) sick leave, (ii)
military leave or (iii) an approved leave of absence, the Administrator may make
such  provisions  respecting  suspension  of  vesting  of the  Option  while the
Optionee is on leave from the Company or an Affiliate as the  Administrator  may
deem  appropriate,  except that in no event may an Option be exercised after the
expiration  of  the  term  set  forth  in  the  related  Option  Agreement.  The
Administrator  will have sole  discretion  to determine  whether an Optionee has
ceased to provide  services and the effective date on which the Optionee  ceased
to provide services (the "Termination Date").

         (c)      "Disability"  means  a  disability,  whether  temporary  or
permanent,  partial  or  total,  as  determined  by  the Administrator.

         (d)  "Cause"  means  Termination  because of (i) any  willful  material
violation by the Optionee of any law or regulation applicable to the business of
the Company or an Affiliate,  the Optionee's conviction for or guilty plea to, a
felony or a crime involving  moral turpitude or any willful  perpetration by the
Optionee  of a common law fraud,  (ii) the  Optionee's  commission  of an act of
personal  dishonesty  which  involves a personal  profit in connection  with the
Company or any other  entity  having a business  relationship  with the Company,
(iii) any  material  breach by the  Optionee of any  material  provision  of any
agreement or understanding  between the Company or an Affiliate and the Optionee
regarding  the terms of the  Optionee's  service  as an  employee,  director  or
consultant to the Company or an Affiliate,  including  without  limitation,  the
willful and continued failure or refusal of the Optionee to perform the material
duties  required of such Optionee as an employee,  director or consultant of the
Company or an  Affiliate,  other than as a result of having a  Disability,  or a
breach of any applicable invention  assignment and confidentiality  agreement or
similar  agreement  between the Company or an Affiliate and the  Optionee,  (iv)
Optionee's  intentional disregard of the policies of the Company or an Affiliate
so as to cause loss,  damage or injury to the property,  reputation or employees
of the Company or an  Affiliate,  or (v) any other  misconduct  by the  Optionee
which is materially  injurious to the financial condition or business reputation
of, or is otherwise materially injurious to, the Company or an Affiliate.

         6.8 Repurchase of Stock.  At the discretion of the  Administrator,  the
Company may reserve to itself and/or its  assignee(s) in the Option  Agreement a
right to repurchase Acquired Shares held by a Optionee following such Optionee's
Termination  at any time within  ninety (90) days after  Optionee's  Termination
Date (or in the case of  securities  issued upon exercise of an Option after the
Optionee's  Termination  Date,  within  ninety  (90) days after the date of such
exercise) for cash and/or  cancellation of purchase money  indebtedness,  at the
Optionee's exercise price for the Acquired Shares,  provided, that such right to
repurchase  Acquired  Shares at the exercise price shall lapse at the rate of at
least twenty  percent  (20%) per year over five (5) years from the date of grant
of the Option.

         6.9      Withholding and Employment Taxes.

         (a) Whenever shares of Common Stock are to be issued in satisfaction of
Options  granted under this Plan,  the Company may require the Optionee to remit
to the  Company  an  amount  sufficient  to  satisfy  federal,  state  and local
withholding  tax  requirements  prior  to the  delivery  of any  certificate  or
certificates  for  such  shares.   Whenever,   under  this  Plan,   payments  in
satisfaction  of Options are to be made in cash,  such payment will be net of an
amount  sufficient  to  satisfy  federal,   state,  and  local  withholding  tax
requirements.

         (b) When,  under  applicable tax laws, an Optionee incurs tax liability
in connection  with the exercise or vesting of any Option that is subject to tax
withholding and the Optionee is obligated to pay the Company the amount required
to be withheld,  the Administrator may in its sole discretion allow the Optionee
to satisfy  the  minimum  withholding  tax  obligation  by  electing to have the
Company  withhold  from the shares to be issued that  number of shares  having a
Fair Market Value  (determined in accordance  with Section 6.11 hereof) equal to
the minimum  amount  required to be  withheld,  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  will be made in  accordance  with the
requirements  established  by  the  Administrator  and be in  writing  in a form
acceptable to the Administrator.

         6.10     Other Provisions.  Each Option granted under this Plan may
contain such other terms,  provisions, and conditions not inconsistent with this
Plan as may be determined by the Administrator.

         6.11  Determination of Value. For purposes of the Plan, the Fair Market
Value of Common Stock or other  securities of the Company shall be determined as
follows:

         (a) If the Common  Stock is listed on or  included  in any  established
stock  exchange,  national  market  system  (including  without  limitation  the
National Market System of the National  Association of Securities Dealers,  Inc.
Automated  Quotation  System),  or other  recognized  trading market  (including
without limitation the OTC Bulletin Board or the National Quotation Bureau, Inc.
pink  sheets),  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,
system or market (or the most  prominent  thereof)  for the date the Fair Market
Value is to be determined (or if there are no sales for such date,  then for the
last preceding business day on which there were sales).

         (b) If the Common Stock is regularly quoted by a recognized  securities
dealer but selling  prices are not reported,  its Fair Market Value shall be the
means between the high bid and low asked prices for the Common Stock on the date
the Fair Market Value is to be determined  (or if there are no quoted prices for
the date of grant, then for the last preceding  business day on which there were
quoted prices).

         (c) In the absence of an established  market for the Common Stock,  the
Fair  Market  Value   thereof   shall  be   determined  in  good  faith  by  the
Administrator,  with reference to the Company's net worth,  prospective  earning
power,  dividend-paying  capacity,  and other  relevant  factors,  including the
goodwill of the Company,  the economic  outlook in the Company's  industry,  the
Company's  position in the industry and its management,  and the values of stock
of other corporations in the same or a similar line of business.

         6.12     Option Term.  No Option shall be  exercisable  more than ten
years after the date of grant,  or such lesser period of time as is set forth in
the Option Agreement.

         6.13 Exercise Price. Except as otherwise provided in this Section 6.13,
the exercise price of an Option shall equal the Fair Market Value (determined in
accordance  with Section  6.11) of the Common Stock subject to the Option on the
date of grant.  Notwithstanding the preceding,  the exercise price of any Option
granted  to any  person  who owns,  directly  or by  attribution  under the Code
currently  Section 424(d),  Common Stock possessing more than ten percent of the
total  combined  voting  power of all  classes of stock of the Company or of any
Affiliate (a "Ten Percent  Stockholder")  shall in no event be less than 110% of
the Fair Market Value (determined in accordance with Section 6.11) of the Common
Stock covered by the Option at the time the Option is granted.

         6.14  Escrow;  Pledge of Shares.  To  enforce  any  restrictions  on an
Optionee's  Acquired  Shares  (including,   without  limitation,  the  right  of
repurchase  provided  for in Section  6.8),  the  Administrator  may require the
Optionee to deposit all certificates  representing the Acquired Shares, together
with  stock   powers  or  other   instruments   of  transfer   approved  by  the
Administrator,  appropriately  endorsed  in blank,  with the Company or an agent
designated by the Company to hold in escrow until such  restrictions have lapsed
or terminated,  and the Administrator may cause a legend or legends  referencing
such  restrictions  to be  placed  on  the  certificates.  Any  Optionee  who is
permitted to execute a promissory note as partial or full  consideration for the
purchase  of shares of Common  Stock  under this Plan will be required to pledge
and  deposit  with  the  Company  all or  part of the  shares  so  purchased  as
collateral to secure the payment of  Optionee's  obligation to the Company under
the promissory note;  provided,  however,  that the Administrator may require or
accept other or  additional  forms of  collateral  to secure the payment of such
obligation  and, in any event,  the Company will have full recourse  against the
Optionee under the promissory note  notwithstanding any pledge of the Optionee's
Acquired  Shares  or other  collateral.  In  connection  with any  pledge of the
Acquired  Shares,  an Optionee will be required to execute and deliver a written
pledge  agreement  in such  form as the  Administrator  will  from  time to time
approve. Acquired Shares purchased with the promissory note may be released from
the pledge on a pro rata basis as the promissory  note is paid at the discretion
of the Administrator.

         6.15 Registration of Acquired Shares. At any time or from time to time,
the  Board  may  register,  with  the  United  States  Securities  and  Exchange
Commission,  all or any  portion of the  Acquired  Shares to be issued  upon the
exercise of an Option.  If any such Acquired  Shares have been so registered and
remain  available  for issuance  upon the  exercise of an Option,  then upon the
exercise  of an  Option,  solely at the  discretion  of the  Administrator,  the
related  Optionee  may  be  issued   registered   Acquired  Shares  in  lieu  of
unregistered Acquired Shares.

7.   MANNER OF EXERCISE

         (a) An Optionee wishing to exercise an Option shall give written notice
to the  Company at its  principal  executive  office,  to the  attention  of the
officer of the Company designated by the  Administrator,  accompanied by payment
of the exercise price as provided in Section 6.6. The date the Company  receives
written notice of an exercise  hereunder  accompanied by payment of the exercise
price will be considered as the date such Option was exercised.

         (b) Promptly  after receipt of written notice of exercise of an Option,
the Company  shall,  without  stock issue or transfer  taxes to the  Optionee or
other person entitled to exercise the Option, deliver to the Optionee or (if the
Acquired Shares are to be placed into escrow) to the escrow holder,  one or more
certificates  for the  requisite  number of  Acquired  Shares.  An  Optionee  or
permitted  transferee  of  an  Optionee  shall  not  have  any  privileges  as a
shareholder  with  respect to any shares of Common  Stock  covered by the Option
until the date of issuance (as evidenced by the  appropriate  entry on the books
of the Company or a duly authorized transfer agent) of such shares.

8.   EMPLOYMENT, DIRECTOR OR CONSULTING RELATIONSHIP

         Nothing in this Plan or any Option granted  thereunder  shall interfere
with or limit in any way the right of the Company or of any of its Affiliates to
terminate any Optionee's  employment,  director or consulting arrangement at any
time,  nor confer upon any  Optionee  any right to continue in the employ of, on
the Board of, or consult with, the Company or any of its Affiliates.

9.  CONDITIONS UPON ISSUANCE OF SHARES.

         Shares of Common Stock 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 pursuant  thereto shall comply with all relevant  provisions of law,
including, without limitation, the Securities Act of 1933, as amended.

10.  NONEXCLUSIVITY OF THE PLAN.

         The  adoption  of the Plan  shall  not be  construed  as  creating  any
limitations  on  the  power  of  the  Company  to  adopt  such  other  incentive
arrangements  as it may  deem  desirable,  including,  without  limitation,  the
granting of stock options other than under the Plan.

11.      AMENDMENT OR TERMINATION OF PLAN

         The Board may (without  the  approval of any Optionee or the  Company's
shareholders) modify or amend this Plan in any respect; provided,  however, that
no modification or amendment of this Plan shall adversely  affect any previously
granted Options without the consent of the related  Optionee.  The Board may, at
any  time or from  time to time,  suspend  or  terminate  this  Plan;  provided,
however,  that no such action  shall  adversely  affect any  previously  granted
Options without the consent of the related Optionee.

12.  EFFECTIVE DATE OF PLAN

         This Plan is effective as of August 2, 2000;  provided,  however,  that
Options may be granted and  exercised  under this Plan only after there has been
compliance  with all applicable  federal and state  securities  laws.  This Plan
shall remain in effect until terminated by the Board.<PAGE>

EXHIBIT 10.1

                              Engagement Agreement

                    FIELDWORKS, INCORPORATED (THE "COMPANY")

The parties to this Engagement Agreement (the "Agreement") include Goldsmith,
Agio, Helms & Lynner, Ltd. ("GAH") on the one hand and the COMPANY on the other
hand. This is to confirm the COMPANY's retention of GAH for a minimum period of
six months from the date hereof, as its exclusive agent to assist it with a
merger, sale, or any similar transaction related to the COMPANY. After six
months, GAH will proceed on a month-to-month basis until the COMPANY provides
GAH with written 30-day notice of termination of this Agreement.

1.   GAH's Performance. Throughout the course of its engagement, GAH will follow
     all Process Guidelines set forth in Exhibit A.

2.   Types of Transactions Covered. Transactions covered under this Agreement
     (individually, a "Transaction" and collectively, "Transactions") include
     any sale, exchange or other disposition of all or a material (equal to or
     greater than 50 percent) portion of the COMPANY, whether accomplished by a
     sale of assets or stock by or through the COMPANY and/or its shareholders
     (in piecemeal fashion or in a single transaction), and shall include
     without limitation any merger, tender or exchange offer, joint venture,
     equity investment, or recapitalization, or any other transaction, the
     effect of which is to change the control of the COMPANY. If a Transaction
     is completed during the term of this Agreement, GAH shall be entitled to
     its Accomplishment Fee provided herein. If, within a period of 18 months
     following the termination of this Agreement, a GAH Prospect acquires an
     equity interest greater than 10% but less than 50 percent, the GAH will be
     entitled to a fee payable immediately by the Company equal to 5 percent of
     the value of the total equity interest acquired by the GAH Prospect.

3.   Equitable Agency Protection Period. If within a period of 18 months
     following termination of this Agreement, the COMPANY enters into a
     definitive agreement in principle to consummate a Transaction with a GAH
     Prospect, GAH's Accomplishment Fee shall be due and payable in full upon
     closing of such Transaction pursuant to Paragraph 6 below. For purposes of
     record-keeping and monitoring only, within approximately 30 days of the
     expiration of this Agreement, GAH will provide the COMPANY with a
     protective list of GAH Prospects.

4.   GAH Prospect Defined. For purposes of this Agreement, "GAH Prospect"
     includes any party or parties: (i) whom GAH contacts on the COMPANY's
     behalf hereunder or whom GAH proposes to contact but does not as a result
     of the Company's withholding its approval; or (ii) with whom the COMPANY
     has any discussions relative to a possible Transaction during the term of
     this Agreement. GAH Prospects also include companies and individuals
     affiliated with any party described in (i) or (ii) above. The COMPANY
     agrees to provide to GAH the names of all parties who have contacted the
     COMPANY or whom the COMPANY has contacted relative to a possible
     Transaction in the one-year term prior to the date of this Agreement, or
     during the term of this Agreement for the purpose of pursuing a
     Transaction.

5.   Accomplishment Fee and Total Consideration. The Full Accomplishment Fee
     shall be calculated as provided below:

     $650,000 plus

     o    4.0% of the amount of Total Consideration (as defined below in
          Paragraph 5) as of closing in excess of the Tier 1 Threshold Price (as
          defined below) up to the Tier 2 Threshold Price (as defined below),
          plus

     o    6.0% of the amount of Total Consideration as of closing in excess of
          the Tier 2 Threshold Price up to the Tier 3 Threshold Price (as
          defined below), plus

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<PAGE>

     o    8.0% the amount of Total Consideration as of closing in excess of the
          Tier 3 Threshold Price.

     The Tier 1 Threshold Price assumes a $2.00 per share purchase price of the
     COMPANY's common shares and equals the sum of (a) the COMPANY's resulting
     fully diluted shares outstanding (defined below) as of the date of this
     Agreement (assuming the COMPANY's ongoing rights offering is terminated)
     multiplied by $2.00 per share, and (b) the COMPANY's borrowings, net of its
     cash in excess of $100,000, as of the date of this Agreement. The number of
     resulting fully diluted shares shall be calculated based on the fractional
     method, whereby it is assumed that the cash that would otherwise be paid to
     the COMPANY upon the exercise of the options and warrants having exercise
     prices less than $2.00 is used to repurchase the COMPANY's shares at $2.00
     per share.

     The Tier 2 Threshold Price assumes a $2.50 per share purchase price of the
     COMPANY's common shares and equals the sum of (a) the COMPANY's resulting
     fully diluted shares outstanding (defined below) as of the date of this
     Agreement (assuming the COMPANY's ongoing rights offering is terminated)
     multiplied by $2.50 per share, and (b) the COMPANY's borrowings, net of its
     cash in excess of $100,000, as of the date of this Agreement. The number of
     resulting fully diluted shares shall be calculated based on the fractional
     method, whereby it is assumed that the cash that would otherwise be paid to
     the COMPANY upon the exercise of the options and warrants having exercise
     prices less than $2.50 is used to repurchase the COMPANY's shares at $2.50
     per share.

     The Tier 3 Threshold Price assumes a $3.00 per share purchase price of the
     COMPANY's common shares and equals the sum of (a) the COMPANY's resulting
     fully diluted shares outstanding (defined below) as of the date of this
     Agreement (assuming the COMPANY's ongoing rights offering is terminated)
     multiplied by $3.00 per share, and (b) the COMPANY's borrowings, net of its
     cash in excess of $100,000, as of the date of this Agreement. The number of
     resulting fully diluted shares shall be calculated based on the fractional
     method, whereby it is assumed that the cash that would otherwise be paid to
     the COMPANY upon the exercise of the options and warrants having exercise
     prices less than $3.00 is used to repurchase the COMPANY's shares at $3.00
     per share.

     The Accomplishment Fee shall be payable by the COMPANY to GAH at closing of
     a Transaction. The Accomplishment Fee will equal the Full Accomplishment
     Fee unless the COMPANY executes a definitive purchase and sale agreement
     with any party named in a separate letter from David Mell to GAH dated
     April 28, 2000 on or before June 4, 2000, in which case the Accomplishment
     Fee will equal either 33.33 percent of the Full Accomplishment Fee if the
     COMPANY executes such a definitive agreement on or before May 14, 2000 or
     66.67 percent of the Full Accomplishment Fee if the COMPANY executes such a
     definitive agreement after May 14, 2000 but on or before June 4, 2000. As
     described in Paragraph 7, the Accomplishment Fee may be reduced by up to
     $25,000 as an offset for the first $25,000 of retainers paid by the Company
     to GAH.

     GAH's Accomplishment Fee shall be based upon the total consideration
     ("Total Consideration") paid or payable directly or indirectly to the
     COMPANY and/or its shareholders (including holders of options or other
     stock rights), in connection with, or in anticipation of, the Transaction,
     regardless of how allocated or the form of consideration, and shall
     specifically include without limitation:

     (a)  Cash paid and securities transferred to the COMPANY and/or holders of
          its securities at closing, including the cash value of any outstanding
          vested, by their terms or as a result of the Transaction, stock
          options or warrants that are "rolled over" or "carved out" as part of
          this Transaction;

     (b)  In the case of a sale of stock by the COMPANY's shareholders, all
          liabilities of the COMPANY, other than trade payables and operating
          expenses accrued in the ordinary course of business, provided,
          however, that to the extent that the Company has cash in excess of
          $100,000, such cash shall offset, to the extent that the Company has
          borrowings, the amount of these borrowings. In the case of a sale of
          assets, all liabilities

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<PAGE>

          of the COMPANY, other than trade payables and accrued operating
          expenses, which are assumed by the buyer;

     (c)  The net present value (applying a discount rate equal to the then
          prevailing prime rate as quoted in The Wall Street Journal) of
          scheduled payments provided for in any leases by the purchaser of
          assets owned and retained by the COMPANY, its shareholders, or any
          affiliates thereof;

     (d)  All deferred installments of the purchase price including promissory
          notes;

     (e)  Any portion of the Total Consideration held in escrow subsequent to
          closing, included and payable as and when paid;

     (f)  All non-compete compensation and the like, included and payable as and
          when paid;

     (g)  Future payments that are contingent on the future earnings or
          operations of the COMPANY (or in the case of an asset sale, the
          underlying assets), included and payable as and when paid;

     (h)  The fair market value of COMPANY assets retained after closing
          (including accounts receivable and real property) or transferred to
          its shareholders or any affiliates thereof after the date of this
          Agreement (including extraordinary bonuses, dividends, or other
          distributions of property or capital);

     (i)  The value of any retained or acquired interest in the COMPANY or its
          successor, or the right to acquire such interest; and

     (j)  Any extraordinary compensation to be paid to COMPANY and/or the
          Shareholder or affiliates thereof for services rendered subsequent to
          closing.

6.   Payment of Accomplishment Fee. Except as otherwise provided below, GAH's
     Accomplishment Fee shall be paid in cash at closing. In the event that all
     or a portion of the Total Consideration includes capital stock, securities
     or other property (other than installment notes), the portion of GAH's
     Accomplishment Fee attributable thereto, shall be payable at closing in
     cash, based on the fair market value of such non-cash items as determined
     by mutual agreement of the parties. In the event the parties are unable to
     agree on the fair market value, GAH shall have the option to receive
     payment in like kind, or to cause an independent appraiser acceptable to
     the COMPANY to determine fair market value, the expense of which appraisal
     shall be shared equally by the parties. As noted above, any portion of the
     Accomplishment Fee due under parts (e), (f), and (g) of Paragraph 5 shall
     be paid to GAH as and when such amounts are paid to the Company or its
     shareholders.

7.   Retainers and Expenses. The COMPANY shall pay to GAH a retainer, monthly in
     advance, of $15,000 per month for the term of this Agreement or until the
     earlier signing of a definitive agreement for a Transaction. The first
     $25,000 in retainers paid to GAH will offset by $25,000 the Accomplishment
     Fee, as defined in Paragraph 5. The COMPANY shall also reimburse GAH
     monthly in arrears for all reasonable out-of-pocket expenses incurred on
     behalf of the COMPANY. GAH shall provide detailed monthly itemized
     summaries of expenses for which reimbursement is requested by GAH. The
     COMPANY agrees that any unpaid payment (or portion thereof) of any fee,
     expense, retainer, or other amount payable to GAH shall bear interest
     payable at the highest rate of interest permissible by law, but not to
     exceed 12 percent per annum, from the date that such payment is due
     hereunder to the date that said payment is paid in full.

8.   Indemnification. The COMPANY agrees not to assert claims against or recover
     from GAH (which term, for purposes of this paragraph, includes its
     directors, officers, shareholders, partners, limited partners, members and
     employees) for losses, claims, damages or liability to the COMPANY or its
     shareholders, arising out of or in connection with this engagement or
     performance by GAH of services hereunder, and to indemnify and hold GAH
     harmless against and from all losses, claims, damages or liabilities, and
     all actions, claims, proceedings and investigations in respect thereof
     (collectively, "Losses"), arising out of or in connection with this
     engagement or the performance by GAH of services hereunder, and to
     reimburse GAH for all reasonable legal and other out-of-pocket expenses as
     incurred by GAH in connection with investigating, preparing or defending
     any such Losses, whether or not GAH is named as a party thereto; provided,
     however, that the COMPANY shall not be liable to the extent such Losses are
     finally determined by arbitration as herein provided to have arisen out of

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<PAGE>

     GAH's gross negligence or willful misconduct. In any event, if such
     indemnification is insufficient or unavailable pursuant to the foregoing
     sentence or otherwise, the COMPANY agrees to make contributions to any
     Losses paid or payable such that GAH will not be liable for more than the
     Accomplishment Fee paid to GAH. The foregoing rights to indemnification
     shall not limit any other rights that GAH may have at law or otherwise.

9.   Reliance and Confidentiality. The COMPANY represents to GAH that any
     information provided to GAH does not and will not at any time contain any
     misstatement or untrue statements of a material fact or omit to state any
     and all material facts necessary to make the statements contained therein
     not false or misleading in light of the circumstances in which they were
     made. The COMPANY will continue to inform GAH of any material developments
     or matters that occur or come to the attention of the COMPANY, its
     shareholders, directors, officers, employees or affiliates. Additionally,
     once the final draft of the Confidential Memorandum has been prepared, the
     COMPANY will provide an approval letter that states that the material in
     the Confidential Memorandum is "true and not false or misleading and there
     are no omissions of material fact." In performing its services hereunder,
     GAH shall be entitled to rely without investigation upon all information
     that is available from public sources as well as all other information
     supplied to it by or on behalf of the COMPANY or its advisors and shall not
     in any respect be responsible for the accuracy or completeness of, or have
     any obligation to verify, the same or to conduct any appraisal of assets.
     To the extent consistent with legal requirements, all information given to
     GAH by the COMPANY, unless publicly available or otherwise available to GAH
     without restriction or breach of any Confidentiality Agreement, will be
     held by GAH in confidence and will not be disclosed to anyone other than
     GAH's agents and advisors without the COMPANY's prior approval or used for
     any purpose other than those referred to in this Agreement.

10.  Arbitration. The COMPANY and GAH both agree that any dispute between them
     in any way relating to this Agreement shall be determined and settled by
     arbitration in accordance with the rules of the American Arbitration
     Association. All costs associated with any such disputes (including both
     parties' legal fees) shall be allocated between the parties by the
     arbitrators. All decisions and awards of the arbitrators shall be final and
     binding on both parties, and may be enforced by any court with
     jurisdiction.

11.  Fairness Opinion. In contemplation of a Transaction, the COMPANY and GAH's
     subsidiary Goldsmith, Agio, Helms Securities, Inc. ("GAHS") will enter into
     a separate engagement agreement pursuant to which GAHS will provide an
     opinion to the Board of Directors of the COMPANY as to the fairness of the
     Transaction from a financial point of view. Such engagement agreement will
     provide for a fee payable to GAHS of $100,000 upon delivery of the opinion,
     reimbursement of expenses (including legal counsel fees), and customary
     indemnification provisions.

12.  Miscellaneous. This Agreement is transferable and assignable by GAH to any
     corporation under common control and ownership with GAH. All questions
     arising hereunder shall be determined according to Minnesota Law. Facsimile
     copies of this Agreement signed in counterpart shall be considered for all
     purposes, including delivery, as originals. Any term or provision of this
     Agreement that is invalid or unenforceable in any situation in any
     jurisdiction shall not affect the validity or enforceability of the
     remaining terms and provisions hereof or the validity or enforceability of
     the offending term or provision in any other situation or in any other
     jurisdiction. The provisions of this paragraph and Paragraphs 3, 6, 8, and
     10 will survive the termination of this Agreement.

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<PAGE>

Read and agreed to this 28th day of April, 2000 by:

FIELDWORKS, INCORPORATED:            GOLDSMITH, AGIO, HELMS & LYNNER, LTD.:

       /s/ David G. Mell                      /s/ Jack P. Helms
---------------------------------    -----------------------------------------
By:    David G. Mell                 By: Jack P. Helms
Its:   President & CEO                   President and Chief Operating Officer
                                         of Goldsmith, Agio, Helms and Company,
                                         its General Partner

                                         /s/ William S. Jarrett, Jr.
                                     -----------------------------------------
                                     By: William S. Jarrett, Jr.
                                         Managing Director

Page 5
<PAGE>

                                    EXHIBIT A
                                       to
                              Engagement Agreement

                      GOLDSMITH, AGIO, HELMS & LYNNER, LTD.
                                       and
                             FIELDWORKS, INCOPORATED

                               PROCESS GUIDELINES

In the course of GAH's engagement hereunder, GAH will exercise its best efforts
to:

(a)  Maintain strict confidentiality of all financial and other proprietary
     information, data, and materials relating to the COMPANY except as provided
     below.

(b)  Familiarize itself with the business, operations, physical assets,
     financial condition and prospects of the COMPANY.

(c)  Develop a list of potential buyers of the COMPANY whom GAH believes in good
     faith to be financially qualified and potentially interested in
     participating in a Transaction.

(d)  Not share with any GAH Prospect the identity of the COMPANY or any
     confidential information relating to the COMPANY unless the GAH Prospect
     has executed a Confidentiality Agreement in a form pre-approved by the
     COMPANY.

(e)  Contact GAH Prospects on the COMPANY's behalf and, as appropriate, arrange
     for and orchestrate meetings between GAH Prospects and the COMPANY.

(f)  Prepare a Confidential Memorandum for the COMPANY, and other analyses and
     data as may be reasonably requested by GAH Prospects, the final drafts of
     which will be presented to the COMPANY for its approval (which approval
     will take the form of a letter, from the COMPANY to GAH, representing that
     the material in the Confidential Memorandum is "true and not false or
     misleading and there are no omissions of material fact"); provided,
     however, that the Confidential Memorandum prepared by GAH is the joint
     property of GAH and the Company and may not be reproduced or distributed to
     parties other than the COMPANY's officers, directors, employees and
     representatives without the prior written consent of GAH and the Company.

(g)  Work in the capacity outlined above with the COMPANY's legal counsel,
     accountants, and other advisors as reasonably requested and directed by the
     COMPANY.

(h)  Present to the COMPANY all proposals from GAH Prospects and make
     recommendations as to the COMPANY's appropriate negotiating strategy and
     course of conduct.

(i)  Assist in all negotiations and in all document review as reasonably
     requested and directed by the COMPANY.

(j)  The COMPANY has the right to reject any and all offers submitted to GAH.

Page 6

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