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                                                                   EXHIBIT 10.11

                              EMPLOYMENT AGREEMENT

         Agreement, dated and effective as of November 13, 2003 by and between
Rockland Trust Company, a Massachusetts trust company (the "Company") and Edward
F. Jankowski of Carver, Massachusetts (the "Executive), (the "Employment
Agreement").

                                   WITNESSETH

         WHEREAS, the Executive is willing to serve in such executive capacity
for the Company as is hereinafter described and the Company desires to retain
the Executive in such capacity;

         NOW THEREFORE, in consideration of mutual covenants herein contained,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

            1. Employment; Position and Duties; Exclusive Services.

            (a) Employment. The Company agrees to employ the Executive, and the
Executive agrees to be employed by the Company, for the Term provided in Section
2 hereof and upon the other terms and conditions hereinafter provided.

            b) Position and Duties/Company. During the Term as defined in
Section 2 hereof, the Executive (i) agrees to act as Chief Risk Officer for the
Company and Independent Bank Corp. ("IBC") and to perform such reasonable duties
as may be assigned to him from time to time by the President and Chief Executive
Officer of the Company, and (ii) shall report to the President and Chief
Executive Officer of the Company.

            (c) Exclusive Services. During the Term, and except for illness or
incapacity, the Executive shall devote all of his business time, attention,
skill and efforts exclusively to the business and affairs of the Company, and
its affiliates, shall not be engaged in any other business activity, and shall
perform and discharge well and faithfully the duties which may be assigned to
him from time to time by the President and Chief Executive; provided, however,
that nothing in this Agreement shall preclude the Executive from devoting
reasonable time during reasonable periods required for any or all of the
following:

                (i) serving, in accordance with the Company's policies and with
the prior approval of the President and Chief Executive Officer of the Company,
as a director or member of a committee of any other company or organization
involving no actual or potential conflict of interest with the Company, or any
of its subsidiaries or affiliates;

                (ii) investing his personal assets in businesses in which his
participation is solely that of a passive investor in such form or manner as
will not require any services on the part of the Executive in the operation or
affairs of such businesses and in such form or manner which will not create any
conflict of interest with or create the appearance of any conflict of interest
with, his duties at the Company;

provided, however, that such activities in the aggregate shall not materially
adversely affect or interfere with the performance of the Executive's duties and
obligations to the Company hereunder.

            2. Term of Employment.

                The Company hereby agrees to employ the Executive, and the
Executive hereby agrees to accept such employment in the capacity set forth
herein, for a period commencing on the date hereof ("Commencement Date") and
ending "at will" by either party upon written notice of termination by one party
given to the other at least fourteen (14) days prior to the termination date
specified in such notice, except as provided by Section 5 hereof. The term of
this Agreement, as the same may be terminated pursuant to Section 5, shall
hereinafter be referred to as the "Term."

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         3. Cash Compensation. As compensation to the Executive for all services
to be rendered by him in any capacity hereunder, the Company shall pay during
the Term an annual base salary at the current rate of One Hundred Forty-One
Thousand One Hundred and 00/100 Dollars ($141,100.00) per annum, payable no less
frequently than bi-weekly ("Base Salary"). The Board of Directors (the "Board")
may from time to time at its discretion review the compensation provisions of
this Agreement and shall have the authority to pay an increased base salary, or
bonus or other additional compensation to the Executive.

         4. Benefits.

            (a) Travel and Business-Related Expenses During the Term, the
Executive shall be reimbursed in accordance with the policies of the Company as
in effect from time to time for travel and other reasonable expenses incurred in
the performance of the business of the Company.

            (b) Group Life Insurance. The Company agrees to include the
Executive under the Company's group term life insurance policy in accordance
with the policies of the Company as in effect from time to time. The Company
shall pay all premiums for such coverage.

            (c) Sick Leave/Disability. The Executive will enjoy the same sick
leave and short term and long term disability coverage as in effect from time to
time for employees of the Company generally.

            (d) Retirement Plans. The Executive will be eligible to participate
in the Company's retirement benefit plans each in accordance with the terms of
such plans as in effect from time to time.

            (e) Vacation/Holidays. The Executive will receive four (4) weeks
paid vacation, on an "as earned" basis each year and will receive ten (10)
holidays each year.

            (f) Insurance. During the Term, the Executive shall participate in
all insurance programs (medical, dental, surgical, hospital) adopted by the
Company, including dependent coverage, to the same extent as other executives of
the Company from time to time.

            (g) Incentive Compensation Plan. The Executive shall be eligible to
participate in the Company's Executive Incentive Compensation Plan, in
accordance with the terms of such plan as in effect from time to time.

            (h) Taxes. Except as otherwise specifically provided herein, the
Executive recognizes that some or all of the foregoing benefits and those set
forth in Section 3 may give rise to a federal and/or state income tax liability,
and agrees to be responsible for such liability.

            (i) Supplemental Executive Retirement Plan. The Executive will
participate in the Rockland Trust Supplemental Executive Retirement Plan, a
non-qualified plan on terms and conditions and with benefits comparable to those
applicable and available to similarly situated executives of the Company.

         5. Termination of Employment.

            (a) Termination For Cause; Resignation Without Good Reason.

                (i) If the Executive's employment is terminated by the Company
for Cause or if the Executive resigns from his employment for any reason other
than for Good Reason, as defined below in Section 5(a)(iii), the Executive shall
have no right to receive compensation or other benefits for any period after
such Termination for Cause or resignation for any reason other than for Good
Reason, except as may be required by law and except that the Executive's rights
to exercise his stock options in the event his employment terminates shall be
governed by the Independent Bank Corp. 1997 Incentive Stock Option Plan and/or
any other relevant stock option plan, as appropriate (the "Plans") and the
relevant stock option agreement.

                (ii) Termination for "Cause" shall refer to the Company's
termination of the Executive's service with the Company at any time because the
Executive has: (A) refused or failed to devote his full normal working time,
skills, knowledge, and abilities to the business of the Company, its
subsidiaries and affiliates, and in promotion of their respective interests
pursuant to Section 1 hereof; or (B) engaged in (1) activities involving his
personal profit as a result of his dishonesty, incompetence, willful misconduct,
willful violation of any law, rule or regulation or breach of fiduciary duty, or
(2) dishonest activities involving the

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Executive's relations with the Company, its subsidiaries and affiliates or any
of their respective employees, customers or suppliers; or (C) committed larceny,
embezzlement, conversion or any other act involving the misappropriation of
Company or customer funds in the course of his employment; or (D) been convicted
of any crime which reasonably could affect in an adverse manner the reputation
of the Company or the Executive's ability to perform the duties required
hereunder; or (E) committed an act involving gross negligence on the part of the
Executive in the conduct of his duties hereunder; or (F) evidenced a drug
addiction or dependency; or (G) materially breached this Agreement; provided,
however, that, in the case of any termination pursuant to clauses (A), (E), (F),
or (G) above, the Company shall give the Executive thirty (30) business days'
written notice thereof during which period the Employee, at the discretion of
the Company, may be placed on administrative leave, and the Company shall give
the Executive an opportunity to cure within such thirty-day period, and a
reasonable opportunity to be heard by the Compensation Committee of the Board to
show just cause for his actions, and to have the Compensation Committee of the
Board, in its discretion, reverse or rescind the prior action of the Company
under the clause(s).

                (iii) Resignation for "Good Reason" shall mean the resignation
of the Executive after (A) the Company without the express written consent of
the Executive, materially breaches this Agreement to the substantial detriment
of the Executive; or (B) the Board or the President and Chief Executive Officer,
without Cause (as defined in Section 5(a)(ii) above), substantially changes the
Executive's core duties or removes the Executive's responsibility for those core
duties, so as to effectively cause the Executive to no longer be performing the
duties of an executive in the capacity for which the Executive was hired;
provided, however, that, in the case of resignation pursuant to this subsection
(iii), the Executive shall give the Company thirty (30) business days' written
notice thereof and, during such thirty day period, an opportunity to cure.
Anything to the contrary in this Agreement notwithstanding, a termination by the
Executive for any reason during the 30-day period immediately following the
first anniversary of the effective date of a Change of Control (as defined in
Section 5(c) hereof) shall be deemed to be a resignation for Good Reason for all
purposes of this Agreement.

                (iv) The date of termination of employment by the Company for
purposes of Section 5 hereof shall be the date that the written notice of
termination from the Company to the Executive is written, and the Company agrees
to use all good faith efforts to deliver the written notice to the Executive as
soon as possible after the notice is written. The date of a resignation by the
Executive for purposes of Section 5 hereof shall be the date specified in the
written notice of resignation from the Executive to the Company.

            (b) Termination Without Cause; Resignation for Good Reason. If
during the term of this Agreement, either (A) the Executive's employment with
the Company and/or any of its parent, subsidiaries or affiliates is terminated
for any reason other than death, disability (as defined in Section 5(e) hereof)
or for Cause (as such term is defined in Section 5(a)(ii) hereof), or (B) the
Executive resigns for Good Reason (as such term is defined in Section 5(a)(iii)
hereof) from employment with the Company and/or any of its parent, subsidiaries
or affiliates, the Executive shall be entitled (C)(x) to receive his then
current Base Salary for a period of twelve (12) months from the termination or
resignation date, payable at such times as such Base Salary would be payable as
if no such termination or resignation had occurred, (C)(y)(1) to continue
participation in the plans and arrangements described in clauses (b) and (f) of
Section 4 hereof (to the extent permissible by law and the terms of such plans
and arrangements) for a period of twelve (12) months after such termination or
resignation (the "Continuation Period"), or (C)(y)(2) to the extent at any time
following termination of this Agreement and during the Continuation Period that
the plans and arrangements described in clauses (b) and (f) of Section 4 hereof
are discontinued or terminated and no comparable plans in which the Executive is
permitted to continue participation are established in their place, then to
receive a gross bonus payment in an amount which after payment therefrom of all
applicable federal and state income and employment taxes, will equal the cost to
the Company at the time of the termination, resignation or discontinuation of
any such plans, attributable to the Executive's participation in the plans and
arrangements described in clauses (b) and (f) of Section 4 hereof for the
Continuation Period less any portion thereof in which the Executive has
continued his participation in such plans and arrangements described in clauses
(b) and (f) of Section 4 hereof in accordance with subsection 5(b)(C)(y)(1)
above; which payment shall be due following termination or resignation of the
Executive's employment immediately upon the date of termination, resignation or
discontinuation of any such plan, and (C)(z) to have all stock options which
have been granted to the Executive to immediately become fully exercisable and
to remain exercisable for a period of three (3) months after the employment
termination date in accordance with the terms of the Plans and the relevant
stock option agreement, provided, however, that if the provisions of Section
5(c) are applicable to such termination or resignation of employment, the
Executive's rights shall be governed by Section 5(c).

            (c) Change in Control.

                (i) If during the term of this Agreement, any of the events
constituting a Change of Control (as such term is defined in Section 5(c)(ii)
hereof), shall be deemed to have occurred, and following such Change of Control,
either (A) the Executive's employment with the Company and/or any of its parent,
subsidiaries, affiliates, or successors by merger or otherwise as a

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result of the Change of Control, is terminated for any reason other than death,
disability (as defined in Section 5(e) hereof) or for Cause (as such term is
defined in Section 5(a)(ii) hereof), or (B) the Executive resigns for Good
Reason (as such term is defined in Section 5(a)(iii) hereof) from employment
with the Company and/or any of its parent, subsidiaries, affiliates, or
successors by merger or otherwise as a result of the Change of Control, the
Executive shall be entitled (C)(x) to receive his then current Base Salary for a
period of twenty four (24) months from the date of termination of this Agreement
without Cause or resignation for Good Reason and to receive an amount equal to
two (2) times the greater of (a) the aggregate amount of payments made to the
Executive during the twelve (12) months preceding the date of termination of
this Agreement without Cause or resignation for Good Reason, or (b) the
aggregate amount of payments made to the Executive during the twelve (12) months
preceding the Change of Control, in each case pursuant to any bonus or incentive
compensation plan, including without limitation, the Rockland Trust Company
Officer and Executive Incentive Compensation Plan, as amended from time to time,
in each case payable in a lump sum cash payment immediately following such
termination, and (C)(y)(1) to continue participation in the plans and
arrangements described in clauses (b) and (f) of Section 4 hereof (to the extent
permissible by law and the terms of such plans and arrangements) for the period
of twenty four (24) months after such termination or resignation (the "Benefits
Period"), or (C)(y)(2) at the election of the Executive at any time following
termination of this Agreement and during the Benefits Period, to receive a gross
bonus payment in an amount which after payment therefrom of all applicable
federal and state income and employment taxes, will equal the cost to the
Company at the time of the Executive's election, attributable to the Executive's
participation in the plans and arrangements described in clauses (b) and (f) of
Section 4 hereof for the Benefits Period less any portion thereof in which the
Executive has continued his participation in such plans and arrangements
described in clauses (b) and (f) of Section 4 hereof in accordance with
subsection 5(c)(i)(C)(y)(1) above; which payment shall be due following
termination or resignation of the Executive's employment immediately upon the
Executive's delivery of written notice to the Company of his election pursuant
to subsection 5(c)(i)(C)(y)(2), and (C)(z) to have all stock options which have
been granted to the Executive to immediately become fully exercisable and to
remain exercisable for a period of three (3) months after the termination or
resignation date (as the case may be), in accordance with the terms of the Plan
and the relevant stock option agreement.

                (ii) A "Change of Control" shall be deemed to have occurred if,
subsequent to the date hereof and during the term of this Agreement (A) any
"person" (as such term is defined in Section 13(d) of the Securities Exchange
Act of 1934, as amended) is or becomes the beneficial owner, directly or
indirectly, of either (x) a majority of the outstanding common stock of IBC or
the Company, or (y) securities of either IBC or the Company representing a
majority of the combined voting power of the then outstanding voting securities
of either IBC or the Company, respectively, or (B) during any period of two
consecutive years following the date hereof, individuals who at the beginning of
any such two year period constitute the Board of Directors of IBC cease, at any
time after the beginning of such period, for any reason to constitute a majority
of the Board of Directors of IBC, unless the election of each new director was
nominated or approved by at least two thirds of the directors of the Board then
still in office who were either directors at the beginning of such two year
period or whose election or whose nomination for election was previously so
approved.

                (iii) In the event any amount payable as compensation to the
Executive under this Agreement when aggregated with any other amounts payable as
compensation to the Executive other than pursuant to this Agreement would
constitute a Parachute Payment (as hereinafter defined), the amount payable as
compensation under Section 5(c)(i) of this Agreement shall be reduced (but not
below zero) to the largest amount which is not a Parachute Payment (as
hereinafter defined) when aggregated with any other amounts payable as
compensation to the Executive other than pursuant to this Agreement. For
purposes hereof, the term Parachute Payment shall have the meaning given to
parachute payments set out in Internal Revenue Code of 1986 Section280G(b)(2)(A)
(relating to the quantification of parachute payments) as then in effect
determined without regard to the provisions of Internal Revenue Code of 1986
Section280G(b)(4) (relating to the exclusion of reasonable compensation from
parachute payments) as then in effect. Notwithstanding the foregoing, if the
Executive proves to the satisfaction of the Compensation Committee of the
Company's Board of Directors (if no such Compensation Committee then is in
existence, then any other committee of the Board of Directors of Company then
performing the functions of a compensation committee) with clear and convincing
evidence that all or any portion of the amount of the reduction provided in the
preceding sentence would not constitute a parachute payment within the meaning
of such term as defined in Internal Revenue Code of 1986 Section280G(b)(2)(A) as
then in effect determined with regard to the provisions of Internal Revenue Code
of 1986 Section280G(b)(4) as then in effect and that the Company's tax reporting
position in regard to the payment is overwhelmingly likely to be sustained, then
the reduction provided in the preceding sentence shall be adjusted to permit
payment of so much of such reduction as the said Compensation Committee
determines will result in the largest amount which would not constitute a
parachute payment within the meaning of such term as defined in Internal Revenue
Code of 1986 Section280G(b)(2)(A) as then in effect determined with regard to
the provisions of Internal Revenue Code of 1986 Section280G(b)(4) as then in
effect.

            (d) Mitigation; Legal Fees. The Executive shall not be required to
mitigate the amount of any payment provided for in either Section 5(b) or
Section 5(c)(i) by seeking other employment or otherwise, nor shall the amount
of any payment or benefit provided for in Section 5(b) or Section 5(c)(i) be
reduced by any compensation earned by the Executive as a result of
self-

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employment or employment by another employer, by retirement benefits or by
offset against any amount claimed to be owed by the Executive to the Company or
otherwise. Following a Change of Control, the Company agrees to pay, as
incurred, all legal fees and expenses which the Executive may reasonably incur
as a result of any contest (regardless of the outcome thereof) by the Company,
the Executive or others of the validity or enforceability of, or liability
under, any provision of this Agreement or any guarantee of performance thereof
(including as a result of any contest by the Executive about the amount of any
payment pursuant to this Agreement) plus in each case interest on any delayed
payment at the applicable federal rate provided for in Section 7872(f)(2)(A) of
the Internal Revenue Code of 1986 as then in effect.

            (e) Termination By Reason of Death or Disability.

                (i) Notwithstanding anything to the contrary contained in this
Agreement, the employment hereunder of the Executive shall be automatically
terminated upon the death of the Executive after which time the Company shall
have no further obligation to the Executive or his estate for any compensation
or benefits hereunder, except to the extent any compensation or benefits are due
to the Executive or his estate for any period prior to his death, provided,
however, that this Section 5(e)(i) shall not affect in any manner any other
benefits to which the Executive or his estate may be entitled or which may vest
or accrue upon his death under any arrangement, plan or program (other than this
Agreement) with the Company, by law or otherwise.

                (ii) Notwithstanding anything to the contrary contained in this
Agreement, the employment hereunder of the Executive may be terminated by reason
of disability, upon written notice to the Executive, in the event of the
inability of the Executive to perform his duties hereunder by reason of
disability, whether by reason of injury (physical or mental), illness (physical
or mental) or otherwise, incapacitating the Executive for a continuous period
exceeding one hundred and eighty (180) days, as certified by a physician
selected by the Company in good faith, and the Company shall have no further
obligation under this Agreement to the Executive for any compensation or
benefits hereunder, except to the extent any compensation or benefits are due to
the Executive for any period prior to his termination by reason of disability,
provided, however, that this Section 5(e)(ii) shall not affect in any manner
other benefits to which the Executive may be entitled or which may accrue or
vest upon his disability and the Executive shall be entitled to receive such
compensation and benefits during and after such period of disability as the
Company's policies and procedures in effect from time to time provide for
similarly situated executives, as if the Executive and the Company had not
entered into this Agreement.

                (iii) The Executive's rights to exercise his stock options in
the event of termination of his employment by reason of his death or disability
shall be governed by the Plans and the relevant stock option agreement.

         6. Confidentiality and Non-Competition.

            (a) Confidentiality. The Executive recognizes and acknowledges as an
employee of the Company, he will have access to, become acquainted with, and
obtain financial information and knowledge relating to the business, financial
condition, methods of operation and other aspects of the Company, its parent,
subsidiaries and affiliates ("Affiliated Companies") and their customers,
employees and suppliers, some of which information and knowledge is confidential
and proprietary and that the Executive could substantially detract from the
value and business prospects of the Affiliated Companies in the event, while
employed by the Company or any time thereafter, the Executive were to disclose
to any person not related to the Affiliated Companies or use such information
and knowledge for his or such other person's advantage. Accordingly, the
Executive hereby agrees that he will not disclose to any person, other than
directors, officers, employees, accountants, lawyers, consultants, advisors,
agents and representative of, or other persons related to, the Affiliated
Companies on a need to know basis in the course of carrying out his duties
hereunder, any knowledge or information of a confidential nature pertaining to
the Affiliated Companies, or their successors and assigns, including without
limitation, all unpublished matters relating to the business, properties,
accounts, books and records, business plan and customers of the said
corporations, or their successors and assigns, except with the prior written
approval of the Board, or except as may be required by law.

            (b) Equitable Relief. The Executive acknowledges and agrees (i) that
the provisions of this Section 6 are reasonable and necessary for the protection
of the Company, its subsidiaries and affiliates or its or their successors and
assigns, and (ii) that the remedy at law for any breach by him of the provisions
of this Section 6 will be inadequate and, accordingly, the Executive hereby
agrees that in the case of any such breach (x) the Company or its successors and
assigns shall be entitled to injunctive relief, in addition to any other remedy
they may have, and (y) the Executive shall forfeit any future payments or
benefits to which he might be entitled hereunder.

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            (c) Non-Solicitation. For a period of one (1) year after the
Executive receives any compensation pursuant to this Agreement he will not (i)
solicit, divert or take away, directly or indirectly, any Major Customer of the
Company, its parent, subsidiaries or affiliates, or its or their successors and
assigns, or (ii) directly or indirectly induce or attempt to influence any
employee of the Company, its parent or any of its subsidiaries or affiliates, or
their successors and assigns, to terminate his employment with the Company, its
parent or any of its subsidiaries or affiliates or their successors or assigns.
As used herein, "Major Customer" shall mean any customer of the Company who has
maintained an average deposit balance of at least $100,000 during the last six
months of the Term or who has maintained or obtained a credit facility of at
least $100,000 from the Company during the last six months of the Term.

            (d) Enforceability. The covenants on the part of the Executive
contained in this Section 6 shall be construed as an agreement independent of
any other provision in this Agreement, and the existence of any claim or cause
of action by the Executive against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the
Company of said covenants. This Section shall survive the termination of this
Agreement. The period, geographical area and the scope of the restrictions on
the Executive set forth herein are divisible so that if any provision of this
Section 6 is invalid, that provision shall be automatically modified to the
extent necessary to make it valid.

            (e) Jurisdiction. Employee hereby submits to the exclusive
jurisdiction of the courts of Massachusetts and the Federal courts of the United
States of America located in such state in respect to the interpretation and
enforcement of the provisions of this Section 6, and Employee hereby waives, and
agrees not to assert, as a defense in any action, suit or proceeding for the
interpretation or enforcement of this Section 6, that Employee is not subject
thereto or that such action, suit or proceeding may not be brought or is not
maintainable in said courts or that this Agreement may not be enforced in or by
said courts or that Employee's property is exempt or immune from execution, that
the suit, action or proceeding is brought in an inconvenient forum, or that
venue is improper.

         7. Disputes.

            (a) Any dispute relating to this Agreement, or to the breach of this
Agreement, except such as may concern Section 6, arising between the Executive
and the Company shall be settled by arbitration in accordance with the
commercial arbitration rules of the American Arbitration Association ("AAA"),
which arbitration may be initiated by any party hereto by written notice to the
other of such party's desire to arbitrate the dispute. The arbitration
proceedings, including the rendering of an award, shall take place in Boston,
Massachusetts, and shall be administered by the AAA.

            (b) The arbitrator shall be appointed within thirty (30) days of the
notice of dispute, and shall be chosen by the parties from the names of
available arbitrators furnished to the parties in list form by the AAA. The
parties may review and reject names of available arbitrators from up to an
aggregate of three lists furnished to the parties by the AAA. If, after having
been furnished three lists of arbitrators, the parties cannot agree on one
available arbitrator, either party may request that the AAA appoint an
arbitrator to arbitrate the dispute.

            (c) The award of the arbitrator shall be final except as otherwise
provided by the laws of the Commonwealth of Massachusetts and the federal laws
of the United States, to the extent applicable. Judgment upon such award may be
entered by the prevailing party in any state or federal court sitting in Boston,
Massachusetts.

            (d) No arbitration proceedings hereunder shall be binding upon or in
any way affect the interests of any party other than the Company, or its
successors and the Executive, with respect to such arbitration.

         8. Indemnification.

            The Company shall indemnify the Executive to the fullest extent
permitted by Massachusetts law, which indemnification may require the advance of
expenses to the Executive, if and to the extent permitted by such law. In the
event of any claim for indemnification by the Executive, the Executive shall
deliver written notice of any such claim promptly upon such a claim being made
known to the Executive, which notice shall set forth the basis for such claim.
The Company shall have the right to undertake the defense of such claim with
counsel of its choice.

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          9. Non-Competition and Non-Disclosure Commitments.

            The Executive hereby represents and warrants that he is not a party
to or otherwise bound by any contracts, agreements or arrangements which contain
covenants limiting the freedom of the Executive to compete in any line of
business or with any person or entity, or which provide that the Executive must
maintain the confidentiality of, or prohibit the Executive from using, any
information in the context of his professional or personal activities. The
Executive further represents and warrants that neither the execution or delivery
of this Agreement nor the performance by the Executive of his duties hereunder
will cause any breach of any contract, agreement or arrangement to which he is a
party or by which he is bound.

         10. Arm's Length Negotiations; Representation By Counsel.

            The parties to this Agreement further agree that this Agreement has
been negotiated by each in an arm's length transaction. The Executive
acknowledges that he has had the opportunity to be represented by legal counsel
in connection with this Agreement.

         11. Tax Withholdings.

            Payments to the Executive of all compensation contemplated under
this Agreement shall be subject to all applicable legal requirements with
respect to the withholding of taxes and other deductions required by law.

         12. Non-Assignability; Binding Agreement.

            Neither this Agreement nor any right, duty, obligation or interest
hereunder shall be assignable or delegable by the Executive without the
Company's prior written consent; provided, however, that (i) nothing in this
Section shall preclude the Executive from designating any of his beneficiaries
to receive any benefits payable thereunder upon his death or disability, or his
executors, administrators, or other legal representatives, from assigning any
rights hereunder to the person or persons entitled thereto, and (ii) any
successor to the Company pursuant to any merger or consolidation involving the
Company, and any purchaser of all or substantially all the assets of the
Company, shall succeed to the rights and assume the obligations of the Company
under this Agreement, and the Company covenants that it will not enter into or
consummate any such transaction which does not make express provision for such
succession and assumption. Subject to the foregoing, this Agreement shall be
binding upon, and inure to the benefit of, the parties hereto, any successors to
or assigns of the Company, the Executive's heirs and the personal
representatives of the Executive's estate.

         13. Amendment; Waiver.

            This Agreement may not be modified, amended or waived in any manner
except by an instrument in writing signed by the parties hereto. The waiver by
any party of compliance with any provision of this Agreement by the other party
shall not operate or be construed as a waiver of any provision of this
Agreement.

         14. Notices.

            Any notice hereunder by either party to the other shall be given in
writing by personal delivery, telex, telecopy or certified mail, return receipt
requested, to the applicable address set forth below:

            (i)    To the Company:    Rockland Trust Company
                                      288 Union Street
                                      Rockland, MA  02370
                                      Attn.: President

             (ii)  To the Executive:  Edward  F. Jankowski
                                      8 Watson St
                                      Carver, MA 02330

 (or such other address as may from time to time be designated by notice by
either party hereto for such purpose). Notice shall be deemed given, if by
personal delivery, on the date of such delivery or, if by telex or telecopy, on
the business day following receipt of answer back or telecopy confirmation or if
by certified mail, on the date shown on the applicable return receipt.

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         15. Governing Law.

            This Agreement is to be governed by and interpreted in accordance
with the laws of the Commonwealth of Massachusetts. If, under such law, any
portion of this Agreement is at any time deemed to be in conflict with any
applicable statute, rule, regulation or ordinance, such portion shall be deemed
to be modified or altered to conform thereto or, if that is not possible, to be
omitted from this Agreement, and the invalidity of any such portion shall not
affect the force, effect and validity of the remaining portion thereof.

         16. Supersedes Previous Agreements.

            This Agreement constitutes the entire understanding between the
Company and the Executive relating to the employment of the Executive by the
Company and supersedes and cancels all prior written and oral agreements and
understandings with respect to the subject matter of this Agreement.

         17. Counterparts.

            This Agreement may be executed by the parties hereto in
counterparts, each of which shall be deemed to be an original, but such
counterparts shall together constitute one and the same instrument.

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

                                   ROCKLAND TRUST COMPANY

                                   By:_____________________________
                                   Its:____________________________

                                   INDEPENDENT BANK CORP.

                                   By:_____________________________
                                   Its:____________________________

                                   ________________________________
                                   EDWARD F. JANKOWSKI

                                       8THE REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES
THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN
PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE OPTION AGREES THAT IT WILL
NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION FOR A
PERIOD OF ONE YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER
THAN (I) BROADBAND CAPITAL MANAGEMENT LLC ("BROADBAND") OR AN UNDERWRITER OR A
SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER OR
PARTNER OF BROADBAND OR OF ANY SUCH UNDERWRITER OR SELECTED DEALER.

THIS PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF THE CONSUMMATION
BY THE COMPANY OF A MERGER, CAPITAL STOCK EXCHANGE, ASSET ACQUISITION OR OTHER
SIMILAR BUSINESS COMBINATION ("BUSINESS COMBINATION") (AS DESCRIBED MORE FULLY
IN THE COMPANY'S REGISTRATION STATEMENT (DEFINED HEREIN) OR _____________, 2005.
VOID AFTER 5:00 P.M. EASTERN TIME, _____________, 2009.

                              UNIT PURCHASE OPTION

                               FOR THE PURCHASE OF

                                  400,000 UNITS

                                       OF

                       GREAT WALL ACQUISITION CORPORATION

1.   Purchase Option.

          THIS CERTIFIES THAT, in consideration of $_____ per option duly paid
by or on behalf of ____________________ ("Holder"), as registered owner of this
Purchase Option, to Great Wall Acquisition Corporation ("Company"), Holder is
entitled, at any time or from time to time upon the later of the consummation of
a Business Combination or _________, 2005 ("Commencement Date"), and at or
before 5:00 p.m., Eastern Time, ____________, 2009 ("Expiration Date"), but not
thereafter, to subscribe for, purchase and receive, in whole or in part, up to
Four Hundred Thousand (400,000) units ("Units") of the Company, each Unit
consisting of one share of common stock of the Company, par value $.0001 per
share ("Common Stock"), and two warrants ("Warrant(s)") expiring five years from
the effective date ("Effective Date") of the registration statement
("Registration Statement") pursuant to which Units are offered for sale to the
public ("Offering"). Each Warrant is the same as the warrants included in the
Units being registered for sale to the public by way of the Registration
Statement ("Public Warrants") except that the Warrants have an exercise price of
$6.95. If the Expiration Date is a day on which banking institutions are
authorized by law to close, then this Purchase Option may be exercised on the
next succeeding day which is not such a day in accordance with the terms herein.
During the period

                                       1

ending on the Expiration Date, the Company agrees not to take any action that
would terminate the Purchase Option. This Purchase Option is initially
exercisable at $9.90 per Unit so purchased; provided, however, that upon the
occurrence of any of the events specified in Section 6 hereof, the rights
granted by this Purchase Option, including the exercise price per Unit and the
number of Units (and shares of Common Stock and Warrants) to be received upon
such exercise, shall be adjusted as therein specified. The term "Exercise Price"
shall mean the initial exercise price or the adjusted exercise price, depending
on the context.

2.   Exercise.

     2.1  Exercise Form. In order to exercise this Purchase Option, the exercise
form attached hereto must be duly executed and completed and delivered to the
Company, together with this Purchase Option and payment of the Exercise Price
for the Units being purchased payable in cash or by certified check or official
bank check. If the subscription rights represented hereby shall not be exercised
at or before 5:00 p.m., Eastern time, on the Expiration Date this Purchase
Option shall become and be void without further force or effect, and all rights
represented hereby shall cease and expire.

     2.2  Legend. Each certificate for the securities purchased under this
Purchase Option shall bear a legend as follows unless such securities have been
registered under the Securities Act of 1933, as amended ("Act"):

          "The securities represented by this certificate have not been
          registered under the Securities Act of 1933, as amended ("Act") or
          applicable state law. The securities may not be offered for sale, sold
          or otherwise transferred except pursuant to an effective registration
          statement under the Act, or pursuant to an exemption from registration
          under the Act and applicable state law."

     2.3  Cashless Exercise.

          2.3.1  Determination of Amount. In lieu of the payment of the Exercise
Price multiplied by the number of Units for which this Purchase Option is
exercisable (and in lieu of being entitled to receive Common Stock and Warrants)
in the manner required by Section 2.1, the Holder shall have the right (but not
the obligation) to convert any exercisable but unexercised portion of this
Purchase Option into Units ("Conversion Right") as follows: upon exercise of the
Conversion Right, the Company shall deliver to the Holder (without payment by
the Holder of any of the Exercise Price in cash) that number of shares of Common
Stock and Warrants comprising that number of Units equal to the quotient
obtained by dividing (x) the "Value" (as defined below) of the portion of the
Purchase Option being converted by (y) the Current Market Value (as defined
below). The "Value" of the portion of the Purchase Option being converted shall
equal the remainder derived from subtracting (a) (i) the Exercise Price
multiplied by (ii) the number of Units underlying the portion of this Purchase
Option being converted from (b) the Current Market Value of a Unit multiplied by
the number of Units underlying the portion of the Purchase Option being
converted. As used herein, the term "Current Market Value" per Unit at any date
means the remainder derived from subtracting (x) the exercise price of the
Warrants multiplied by the number of shares of Common Stock issuable upon
exercise of the Warrants underlying one Unit from (y) the Current Market Price
of the Common Stock multiplied by the number of shares of Common Stock
underlying the Warrants and the Common Stock issuable upon exercise of one Unit.
The "Current Market Price" of a share of Common Stock shall mean (i) if the
Common Stock is listed on a national securities exchange or quoted on the Nasdaq
National Market, Nasdaq SmallCap Market or

                                       2

NASD OTC Bulletin Board (or successor such as the Bulletin Board Exchange), the
last sale price of the Common Stock in the principal trading market for the
Common Stock as reported by the exchange, Nasdaq or the NASD, as the case may
be; (ii) if the Common Stock is not listed on a national securities exchange or
quoted on the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC
Bulletin Board (or successor such as the Bulletin Board Exchange), but is traded
in the residual over-the-counter market, the closing bid price for the Common
Stock on the last trading day preceding the date in question for which such
quotations are reported by the Pink Sheets, LLC or similar publisher of such
quotations; and (iii) if the fair market value of the Common Stock cannot be
determined pursuant to clause (i) or (ii) above, such price as the Board of
Directors of the Company shall determine, in good faith.

          2.3.2 Mechanics of Cashless Exercise. The Cashless Exercise Right may
be exercised by the Holder on any business day on or after the Commencement Date
and not later than the Expiration Date by delivering the Purchase Option with a
duly executed exercise form attached hereto with the cashless exercise section
completed to the Company, exercising the Cashless Exercise Right and specifying
the total number of Units the Holder will purchase pursuant to such Cashless
Exercise Right.

3.   Transfer.

     3.1  General Restrictions. The registered Holder of this Purchase Option,
by its acceptance hereof, agrees that it will not sell, transfer, assign, pledge
or hypothecate this Purchase Option for a period of one year following the
Effective Date to anyone other than (i) Broadband or an underwriter or a
selected dealer in connection with the Offering, or (ii) a bona fide officer or
partner of Broadband or of any such underwriter or selected dealer. On and after
the Effective Date, transfers to others may be made subject to compliance with
or exemptions from applicable securities laws. In order to make any permitted
assignment, the Holder must deliver to the Company the assignment form attached
hereto duly executed and completed, together with the Purchase Option and
payment of all transfer taxes, if any, payable in connection therewith. The
Company shall within five business days transfer this Purchase Option on the
books of the Company and shall execute and deliver a new Purchase Option or
Purchase Options of like tenor to the appropriate assignee(s) expressly
evidencing the right to purchase the aggregate number of Units purchasable
hereunder or such portion of such number as shall be contemplated by any such
assignment.

     3.2  Restrictions Imposed by the Act. The securities evidenced by this
Purchase Option shall not be transferred unless and until (i) the Company has
received the opinion of counsel for the Holder that the securities may be
transferred pursuant to an exemption from registration under the Act and
applicable state securities laws, the availability of which is established to
the reasonable satisfaction of the Company (the Company hereby agreeing that the
opinion of Littman Krooks LLP shall be deemed satisfactory evidence of the
availability of an exemption), or (ii) a registration statement or a
post-effective amendment to the Registration Statement relating to such
securities has been filed by the Company and declared effective by the
Securities and Exchange Commission and compliance with applicable state
securities law has been established.

                                       3

4.   New Purchase Options to be Issued.

     4.1  Partial Exercise or Transfer. Subject to the restrictions in Section 3
hereof, this Purchase Option may be exercised or assigned in whole or in part.
In the event of the exercise or assignment hereof in part only, upon surrender
of this Purchase Option for cancellation, together with the duly executed
exercise or assignment form and funds sufficient to pay any Exercise Price
and/or transfer tax if exercised pursuant to Section 2.1 hereto, the Company
shall cause to be delivered to the Holder without charge a new Purchase Option
of like tenor to this Purchase Option in the name of the Holder evidencing the
right of the Holder to purchase the number of Units purchasable hereunder as to
which this Purchase Option has not been exercised or assigned.

     4.2  Lost Certificate. Upon receipt by the Company of evidence satisfactory
to it of the loss, theft, destruction or mutilation of this Purchase Option and
of reasonably satisfactory indemnification or the posting of a bond, the Company
shall execute and deliver a new Purchase Option of like tenor and date. Any such
new Purchase Option executed and delivered as a result of such loss, theft,
mutilation or destruction shall constitute a substitute contractual obligation
on the part of the Company.

5.   Registration Rights.

     5.1  Demand Registration.

          5.1.1  Grant of Right. The Company, upon written demand ("Initial
Demand Notice") of the Holder(s) of at least 51% of the Purchase Options and/or
the underlying Units and/or the underlying securities ("Majority Holders"),
agrees to register on one occasion, all or any portion of the Purchase Options
requested by the Majority Holders in the Initial Demand Notice and all of the
securities underlying such Purchase Options, including the Common Stock, the
Warrants and the Common Stock underlying the Warrants (collectively, the
"Registrable Securities"). On such occasion, the Company will file a
registration statement or a post-effective amendment to the Registration
Statement covering the Registrable Securities within sixty days after receipt of
the Initial Demand Notice and use its best efforts to have such registration
statement or post-effective amendment declared effective as soon as possible
thereafter. The demand for registration may be made at any time during a period
of five years beginning on the Effective Date. The Company covenants and agrees
to give written notice of its receipt of any Initial Demand Notice by any
Holder(s) to all other registered Holders of the Purchase Options and/or the
Registerable Securities within ten days from the date of the receipt of any such
Initial Demand Notice.

          5.1.2 Terms. The Company shall bear all fees and expenses attendant to
registering the Registrable Securities, including the expenses of any legal
counsel selected by the Holders to represent them in connection with the sale of
the Registrable Securities, but the Holders shall pay any and all underwriting
commissions. The Company agrees to use its reasonable best efforts to qualify or
register the Registrable Securities in such States as are reasonably requested
by the Majority Holder(s); provided, however, that in no event shall the Company
be required to register the Registrable Securities in a State in which such
registration would cause (i) the Company to be obligated to qualify to do
business in such State, or would subject the Company to taxation as a foreign
corporation doing business in such jurisdiction or (ii) the principal
stockholders of the Company to be obligated to escrow their shares of capital
stock of the Company. The Company shall cause any registration statement or
post-effective amendment filed pursuant to the demand rights granted under
Section 5.1.1 to remain effective for a period of twelve consecutive months from
the effective date of such registration statement or post-effective amendment.

                                       4

     5.2  "Piggy-Back" Registration.

          5.2.1 Grant of Right. In addition to the demand right of registration,
the Holders of the Purchase Options shall have the right for a period of seven
years commencing on the Effective Date, to include the Registrable Securities as
part of any other registration of securities filed by the Company (other than in
connection with a transaction contemplated by Rule 145(a) promulgated under the
Act or pursuant to Form S-8); provided, however, that if, in the written opinion
of the Company's managing underwriter or underwriters, if any, for such
offering, the inclusion of the Registrable Securities, when added to the
securities being registered by the Company or the selling stockholder(s), will
exceed the maximum amount of the Company's securities which can be marketed (i)
at a price reasonably related to their then current market value, and (ii)
without materially and adversely affecting the entire offering, then the Company
will still be required to include the Registrable Securities, but may require
the Holders to agree, in writing, to delay the sale of all or any portion of the
Registrable Securities for a period of 90 days from the effective date of the
offering, provided, further, that if the sale of any Registrable Securities is
so delayed, then the number of securities to be sold by all stockholders in such
public offering shall be apportioned pro rata among all such selling
stockholders, including all holders of the Registrable Securities, according to
the total amount of securities of the Company owned by said selling
stockholders, including all holders of the Registrable Securities.

          5.2.2 Terms. The Company shall bear all fees and expenses attendant to
registering the Registrable Securities, including the expenses of any legal
counsel selected by the Holders to represent them in connection with the sale of
the Registrable Securities but the Holders shall pay any and all underwriting
commissions. In the event of such a proposed registration, the Company shall
furnish the then Holders of outstanding Registrable Securities with not less
than fifteen days written notice prior to the proposed date of filing of such
registration statement. Such notice to the Holders shall continue to be given
for each applicable registration statement filed (during the period in which the
Purchase Option is exercisable) by the Company until such time as all of the
Registrable Securities have been registered and sold. The holders of the
Registrable Securities shall exercise the "piggy-back" rights provided for
herein by giving written notice, within ten business days of the receipt of the
Company's notice of its intention to file a registration statement. The Company
shall cause any registration statement filed pursuant to the above "piggyback"
rights to remain effective for at least twelve months from the date that the
Holders of the Registrable Securities are first given the opportunity to sell
all of such securities.

     5.3  Damages. Should the registration or the effectiveness thereof required
by Sections 5.1 and 5.2 hereof be delayed by the Company or the Company
otherwise fails to comply with such provisions, the Company shall, in addition
to any other equitable or other relief available to the Holder(s), be liable for
any and all incidental, special and consequential damages sustained by the
Holder(s), including, but not limited to, the loss of any profits that might
have been received by the holder upon the sale of shares of Common Stock or
Warrants (and shares of Common Stock underlying the Warrants) underlying this
Purchase Option.

     5.4  General Terms.

          5.4.1 Indemnification. The Company shall indemnify the Holder(s) of
the Registrable Securities to be sold pursuant to any registration statement
hereunder and each person, if any, who controls such Holders within the meaning
of Section 15 of the Act or Section 20(a) of the Securities Exchange Act of
1934, as amended ("Exchange Act"), against all loss, claim, damage, expense or

                                       5

liability (including all reasonable attorneys' fees and other expenses
reasonably incurred in investigating, preparing or defending against litigation,
commenced or threatened, or any claim whatsoever whether arising out of any
action between the Underwriter and the Company or between the Underwriter and
any third party or otherwise) to which any of them may become subject under the
Act, the Exchange Act or otherwise, arising from such registration statement but
only to the same extent and with the same effect as the provisions pursuant to
which the Company has agreed to indemnify the Underwriters contained in Section
5 of the Underwriting Agreement. The Holder(s) of the Registrable Securities to
be sold pursuant to such registration statement, and their successors and
assigns, shall severally, and not jointly, indemnify the Company, its officers
and directors and each person, if any, who controls the Company within the
meaning of Section 15 of the Act or Section 20(a) of the Exchange Act, against
all loss, claim, damage, expense or liability (including all reasonable
attorneys' fees and other expenses reasonably incurred in investigating,
preparing or defending against any claim whatsoever) to which they may become
subject under the Act, the Exchange Act or otherwise, arising from information
furnished by or on behalf of such Holders, or their successors or assigns, in
writing, for specific inclusion in such registration statement to the same
extent and with the same effect as the provisions contained in Section 5 of the
Underwriting Agreement pursuant to which the Underwriters have agreed to
indemnify the Company.

          5.4.2 Exercise of Purchase Options. Nothing contained in this Purchase
Option shall be construed as requiring the Holder(s) to exercise their Purchase
Options or Warrants underlying such Purchase Options prior to or after the
initial filing of any registration statement or the effectiveness thereof.

          5.4.3 Exclusivity. The Company shall not permit the inclusion of any
securities other than the Registrable Securities to be included in any
registration statement filed pursuant to Section 5.1 hereof without the prior
written consent of the Majority Holders of the Registrable Securities.

          5.4.4 Documents Delivered to Holders. The Company shall furnish
Broadband, as representative of the Holders participating in any of the
foregoing offerings, a signed counterpart, addressed to the participating
Holders, of (i) an opinion of counsel to the Company, dated the effective date
of such registration statement (and, if such registration includes an
underwritten public offering, an opinion dated the date of the closing under any
underwriting agreement related thereto), and (ii) a "cold comfort" letter dated
the effective date of such registration statement (and, if such registration
includes an underwritten public offering, a letter dated the date of the closing
under the underwriting agreement) signed by the independent public accountants
who have issued a report on the Company's financial statements included in such
registration statement, in each case covering substantially the same matters
with respect to such registration statement (and the prospectus included
therein) and, in the case of such accountants' letter, with respect to events
subsequent to the date of such financial statements, as are customarily covered
in opinions of issuer's counsel and in accountants' letters delivered to
underwriters in underwritten public offerings of securities. The Company shall
also deliver promptly to Broadband, as representative of the Holders
participating in the offering, the correspondence and memoranda described below
and copies of all correspondence between the Commission and the Company, its
counsel or auditors and all memoranda relating to discussions with the
Commission or its staff with respect to the registration statement and permit
Broadband, as representative of the Holders, to do such investigation, upon
reasonable advance notice, with respect to information contained in or omitted
from the registration statement as it deems reasonably necessary to comply with
applicable securities laws or rules of the National Association of Securities
Dealers, Inc. ("NASD"). Such investigation shall include access to books,
records and properties and opportunities to discuss the business of the Company
with its officers

                                       6

and independent auditors, all to such reasonable extent and at such reasonable
times and as often as Broadband, as representative of the Holders, shall
reasonably request. The Company shall not be required to disclose any
confidential information or other records to Broadband, as representative of the
Holders, or to any other person, until and unless such persons shall have
entered into reasonable confidentiality agreements (in form and substance
reasonably satisfactory to the Company), with the Company with respect thereto.

          5.4.5 Underwriting Agreement. The Company shall enter into an
underwriting agreement with the managing underwriter(s), if any, selected by any
Holders whose Registrable Securities are being registered pursuant to this
Section 5, which managing underwriter shall be reasonably acceptable to the
Company. Such agreement shall be reasonably satisfactory in form and substance
to the Company, each Holder and such managing underwriters, and shall contain
such representations, warranties and covenants by the Company and such other
terms as are customarily contained in agreements of that type used by the
managing underwriter. The Holders shall be parties to any underwriting agreement
relating to an underwritten sale of their Registrable Securities and may, at
their option, require that any or all the representations, warranties and
covenants of the Company to or for the benefit of such underwriters shall also
be made to and for the benefit of such Holders. Such Holders shall not be
required to make any representations or warranties to or agreements with the
Company or the underwriters except as they may relate to such Holders and their
intended methods of distribution. Such Holders, however, shall agree to such
covenants and indemnification and contribution obligations for selling
stockholders as are customarily contained in agreements of that type used by the
managing underwriter. Further, such Holders shall execute appropriate custody
agreements and otherwise cooperate fully in the preparation of the registration
statement and other documents relating to any offering in which they include
securities pursuant to this Section 5. Each Holder shall also furnish to the
Company such information regarding itself, the Registrable Securities held by
it, and the intended method of disposition of such securities as shall be
reasonably required to effect the registration of the Registrable Securities.

          5.4.6 Rule 144 Sale. Notwithstanding anything contained in this
Section 5 to the contrary, the Company shall have no obligation pursuant to
Sections 5.1 or 5.2 for the registration of Registrable Securities held by any
Holder (i) where such Holder would then be entitled to sell under Rule 144
within any three-month period (or such other period prescribed under Rule 144 as
may be provided by amendment thereof) all of the Registrable Securities then
held by such Holder, and (ii) where the number of Registrable Securities held by
such Holder is within the volume limitations under paragraph (e) of Rule 144
(calculated as if such Holder were an affiliate within the meaning of Rule 144).

          5.4.7 Supplemental Prospectus. Each Holder agrees, that upon receipt
of any notice from the Company of the happening of any event as a result of
which the prospectus included in the Registration Statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading in light of the circumstances then existing, such Holder will
immediately discontinue disposition of Registrable Securities pursuant to the
Registration Statement covering such Registrable Securities until such Holder's
receipt of the copies of a supplemental or amended prospectus, and, if so
desired by the Company, such Holder shall deliver to the Company (at the expense
of the Company) or destroy (and deliver to the Company a certificate of such
destruction) all copies, other than permanent file copies then in such Holder's
possession, of the prospectus covering such Registrable Securities current at
the time of receipt of such notice.

                                       7

6.   Adjustments.

     6.1 Adjustments to Exercise Price and Number of Securities. The Exercise
Price and the number of Units underlying the Purchase Option shall be subject to
adjustment from time to time as hereinafter set forth:

          6.1.1 Stock Dividends - Split-Ups. If after the date hereof, and
subject to the provisions of Section 6.4 below, the number of outstanding shares
of Common Stock is increased by a stock dividend payable in shares of Common
Stock or by a split-up of shares of Common Stock or other similar event, then,
on the effective day thereof, the number of shares of Common Stock underlying
each of the Units purchasable hereunder shall be increased in proportion to such
increase in outstanding shares. In such case, the number of shares of Common
Stock, and the exercise price applicable thereto, underlying the Warrants
underlying each of the Units purchasable hereunder shall be adjusted in
accordance with the terms of the Warrants. For example, if the Company declares
a two-for-one stock dividend and at the time of such dividend this Purchase
Option is for the purchase of one Unit at $6.60 per whole Unit (each Warrant
underlying the Units is exercisable for $5.00 per share), upon effectiveness of
the dividend, this Purchase Option will be adjusted to allow for the purchase of
one Unit at $6.60 per Unit, each Unit entitling the holder to receive two shares
of Common Stock and four Warrants (each Warrant exercisable for $2.50 per
share).

          6.1.2 Aggregation of Shares. If after the date hereof, and subject to
the provisions of Section 6.4, the number of outstanding shares of Common Stock
is decreased by a consolidation, combination or reclassification of shares of
Common Stock or other similar event, then, on the effective date thereof, the
number of shares of Common Stock underlying each of the Units purchasable
hereunder shall be decreased in proportion to such decrease in outstanding
shares. In such case, the number of shares of Common Stock, and the exercise
price applicable thereto, underlying the Warrants underlying each of the Units
purchasable hereunder shall be adjusted in accordance with the terms of the
Warrants.

          6.1.3 Replacement of Securities upon Reorganization, etc. In case of
any reclassification or reorganization of the outstanding shares of Common Stock
other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely
affects the par value of such shares of Common Stock, or in the case of any
merger or consolidation of the Company with or into another corporation (other
than a consolidation or merger in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization
of the outstanding shares of Common Stock), or in the case of any sale or
conveyance to another corporation or entity of the property of the Company as an
entirety or substantially as an entirety in connection with which the Company is
dissolved, the Holder of this Purchase Option shall have the right thereafter
(until the expiration of the right of exercise of this Purchase Option) to
receive upon the exercise hereof, for the same aggregate Exercise Price payable
hereunder immediately prior to such event, the kind and amount of shares of
stock or other securities or property (including cash) receivable upon such
reclassification, reorganization, merger or consolidation, or upon a dissolution
following any such sale or transfer, by a Holder of the number of shares of
Common Stock of the Company obtainable upon exercise of this Purchase Option and
the underlying Warrants immediately prior to such event; and if any
reclassification also results in a change in shares of Common Stock covered by
Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections
6.1.1, 6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall
similarly apply to successive reclassifications, reorganizations, mergers or
consolidations, sales or other transfers.

                                       8

          6.1.4 Changes in Form of Purchase Option. This form of Purchase Option
need not be changed because of any change pursuant to this Section, and Purchase
Options issued after such change may state the same Exercise Price and the same
number of Units as are stated in the Purchase Options initially issued pursuant
to this Agreement. The acceptance by any Holder of the issuance of new Purchase
Options reflecting a required or permissive change shall not be deemed to waive
any rights to an adjustment occurring after the Commencement Date or the
computation thereof.

     6.2  [Intentionally Omitted]

     6.3  Substitute Purchase Option. In case of any consolidation of the
Company with, or merger of the Company with, or merger of the Company into,
another corporation (other than a consolidation or merger which does not result
in any reclassification or change of the outstanding Common Stock), the
corporation formed by such consolidation or merger shall execute and deliver to
the Holder a supplemental Purchase Option providing that the holder of each
Purchase Option then outstanding or to be outstanding shall have the right
thereafter (until the stated expiration of such Purchase Option) to receive,
upon exercise of such Purchase Option, the kind and amount of shares of stock
and other securities and property receivable upon such consolidation or merger,
by a holder of the number of shares of Common Stock of the Company for which
such Purchase Option might have been exercised immediately prior to such
consolidation, merger, sale or transfer. Such supplemental Purchase Option shall
provide for adjustments which shall be identical to the adjustments provided in
Section 6. The above provision of this Section shall similarly apply to
successive consolidations or mergers.

     6.4  Elimination of Fractional Interests. The Company shall not be required
to issue certificates representing fractions of shares of Common Stock or
Warrants upon the exercise of the Purchase Option, nor shall it be required to
issue scrip or pay cash in lieu of any fractional interests, it being the intent
of the parties that all fractional interests shall be eliminated by rounding any
fraction up to the nearest whole number of Warrants, shares of Common Stock or
other securities, properties or rights.

7.  Reservation and Listing. The Company shall at all times reserve and keep
available out of its authorized shares of Common Stock, solely for the purpose
of issuance upon exercise of the Purchase Options or the Warrants underlying the
Purchase Option, such number of shares of Common Stock or other securities,
properties or rights as shall be issuable upon the exercise thereof. The Company
covenants and agrees that, upon exercise of the Purchase Options and payment of
the Exercise Price therefor, all shares of Common Stock and other securities
issuable upon such exercise shall be duly and validly issued, fully paid and
non-assessable and not subject to preemptive rights of any stockholder. The
Company further covenants and agrees that upon exercise of the Warrants
underlying the Purchase Options and payment of the respective Warrant exercise
price therefor, all shares of Common Stock and other securities issuable upon
such exercise shall be duly and validly issued, fully paid and non-assessable
and not subject to preemptive rights of any stockholder. As long as the Purchase
Options shall be outstanding, the Company shall use its best efforts to cause
all (i) shares of Common Stock issuable upon exercise of the Purchase Options,
(ii) Warrants issuable upon exercise of the Purchase Options and (iii) shares of
Common Stock issuable upon exercise of the Warrants included in the Units
issuable upon exercise of the Purchase Option to be listed (subject to official
notice of issuance) on all securities exchanges (or, if applicable on the Nasdaq
National Market, SmallCap Market, OTC Bulletin Board or any successor trading
market) on which the Common Stock or the Public Warrants issued to the public in
connection herewith may then be listed and/or quoted.

                                       9

8.   Certain Notice Requirements.

     8.1  Holder's Right to Receive Notice. Nothing herein shall be construed as
conferring upon the Holders the right to vote or consent or to receive notice as
a stockholder for the election of directors or any other matter, or as having
any rights whatsoever as a stockholder of the Company. If, however, at any time
prior to the expiration of the Purchase Options and their exercise, any of the
events described in Section 8.2 shall occur, then, in one or more of said
events, the Company shall give written notice of such event at least fifteen
days prior to the date fixed as a record date or the date of closing the
transfer books for the determination of the stockholders entitled to such
dividend, distribution, conversion or exchange of securities or subscription
rights, or entitled to vote on such proposed dissolution, liquidation, winding
up or sale. Such notice shall specify such record date or the date of the
closing of the transfer books, as the case may be.

     8.2  Events Requiring Notice. The Company shall be required to give the
notice described in this Section 8 upon one or more of the following events: (i)
if the Company shall take a record of the holders of its shares of Common Stock
for the purpose of entitling them to receive a dividend or distribution payable
otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of retained earnings, as indicated by the accounting treatment of such
dividend or distribution on the books of the Company, or (ii) the Company shall
offer to all the holders of its Common Stock any additional shares of capital
stock of the Company or securities convertible into or exchangeable for shares
of capital stock of the Company, or any option, right or warrant to subscribe
therefor, or (iii) a dissolution, liquidation or winding up of the Company
(other than in connection with a consolidation or merger) or a sale of all or
substantially all of its property, assets and business shall be proposed.

     8.3  Notice of Change in Exercise Price. The Company shall, promptly after
an event requiring a change in the Exercise Price pursuant to Section 6 hereof,
send notice to the Holders of such event and change ("Price Notice"). The Price
Notice shall describe the event causing the change and the method of calculating
same and shall be certified as being true and accurate by the Company's
President and Chief Financial Officer.

     8.4  Transmittal of Notices. All notices, requests, consents and other
communications under this Purchase Option shall be in writing and shall be
deemed to have been duly made when hand delivered, or mailed by express mail or
private courier service: (i) If to the registered Holder of the Purchase Option,
to the address of such Holder as shown on the books of the Company, or (ii) if
to the Company, to following address or to such other address as the Company may
designate by notice to the Holders:

                           Great Wall Acquisition Corporation
                           660 Madison Avenue
                           15th Floor
                           New York, New York 10021
                           Attn: Kin Shing Li

                                       10

9.   Miscellaneous.

     9.1  Amendments. The Company and Broadband may from time to time supplement
or amend this Purchase Option without the approval of any of the Holders in
order to cure any ambiguity, to correct or supplement any provision contained
herein that may be defective or inconsistent with any other provisions herein,
or to make any other provisions in regard to matters or questions arising
hereunder that the Company and Broadband may deem necessary or desirable and
that the Company and Broadband deem shall not adversely affect the interest of
the Holders. All other modifications or amendments shall require the written
consent of and be signed by the party against whom enforcement of the
modification or amendment is sought.

     9.2  Headings. The headings contained herein are for the sole purpose of
convenience of reference, and shall not in any way limit or affect the meaning
or interpretation of any of the terms or provisions of this Purchase Option.

10. Entire Agreement. This Purchase Option (together with the other agreements
and documents being delivered pursuant to or in connection with this Purchase
Option) constitutes the entire agreement of the parties hereto with respect to
the subject matter hereof, and supersedes all prior agreements and
understandings of the parties, oral and written, with respect to the subject
matter hereof.

     10.1 Binding Effect. This Purchase Option shall inure solely to the benefit
of and shall be binding upon, the Holder and the Company and their permitted
assignees, respective successors, legal representative and assigns, and no other
person shall have or be construed to have any legal or equitable right, remedy
or claim under or in respect of or by virtue of this Purchase Option or any
provisions herein contained.

     10.2 Governing Law; Submission to Jurisdiction. This Purchase Option shall
be governed by and construed and enforced in accordance with the laws of the
State of New York, without giving effect to conflict of laws. The Company hereby
agrees that any action, proceeding or claim against it arising out of, or
relating in any way to this Purchase Option shall be brought and enforced in the
courts of the State of New York or of the United States of America for the
Southern District of New York, and irrevocably submits to such jurisdiction,
which jurisdiction shall be exclusive. The Company hereby waives any objection
to such exclusive jurisdiction and that such courts represent an inconvenient
forum. Any process or summons to be served upon the Company may be served by
transmitting a copy thereof by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address set forth in Section
8 hereof. Such mailing shall be deemed personal service and shall be legal and
binding upon the Company in any action, proceeding or claim. The Company and the
Holder agree that the prevailing party(ies) in any such action shall be entitled
to recover from the other party(ies) all of its reasonable attorneys' fees and
expenses relating to such action or proceeding and/or incurred in connection
with the preparation therefor.

     10.3 Waiver, Etc. The failure of the Company or the Holder to at any time
enforce any of the provisions of this Purchase Option shall not be deemed or
construed to be a waiver of any such provision, nor to in any way affect the
validity of this Purchase Option or any provision hereof or the right of the
Company or any Holder to thereafter enforce each and every provision of this
Purchase Option. No waiver of any breach, non-compliance or non-

                                       11

fulfillment of any of the provisions of this Purchase Option shall be effective
unless set forth in a written instrument executed by the party or parties
against whom or which enforcement of such waiver is sought; and no waiver of any
such breach, non-compliance or non-fulfillment shall be construed or deemed to
be a waiver of any other or subsequent breach, non-compliance or
non-fulfillment.

     10.4 Exchange Agreement. As a condition of the Holder's receipt and
acceptance of this Purchase Option, Holder agrees that, at any time prior to the
complete exercise of this Purchase Option by Holder, if the Company and
Broadband enter into an agreement ("Exchange Agreement") pursuant to which they
agree that all outstanding Purchase Options will be exchanged for securities or
cash or a combination of both, then Holder shall agree to such exchange and
become a party to the Exchange Agreement.

     10.5 Underlying Warrants. At any time after exercise by the Holder of this
Purchase Option, the Holder may exchange his Warrants (with a $6.95 exercise
price) for Public Warrants (with a $5.00 exercise price) upon payment to the
Company of the difference between the exercise price of his Warrant and the
exercise price of the Public Warrants.

                                       12

          IN WITNESS WHEREOF, the Company has caused this Purchase Option to be
signed by its duly authorized officer as of the ___ day of __________, 2004.

                                       GREAT WALL ACQUISITION CORPORATION

                                       By:
                                           -------------------------------------
                                           Name:  Kin Shing Li
                                           Title: Chairman of the Board

                                       13

Form to be used to exercise Purchase Option:

Great Wall Acquisition Corporation
660 Madison Avenue
15th Floor
New York, New York 10021
Attn: Kin Shing Li

Date:_________________, 200__

     The undersigned hereby elects irrevocably to exercise the within Purchase
Option and to purchase ____ Units of Great Wall Acquisition Corporation and
hereby makes payment of $____________ (at the rate of $_________ per Unit) in
payment of the Exercise Price pursuant thereto. Please issue the Common Stock
and Warrants as to which this Purchase Option is exercised in accordance with
the instructions given below.

                                       or

     The undersigned hereby elects irrevocably to convert its right to purchase
_________ Units purchasable under the within Purchase Option by surrender of the
unexercised portion of the attached Purchase Option (with a "Value" based of
$_______ based on a "Market Price" of $_______). Please issue the securities
comprising the Units as to which this Purchase Option is exercised in accordance
with the instructions given below.

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

                                       ------------------------------
                                       Signature Guaranteed

                   INSTRUCTIONS FOR REGISTRATION OF SECURITIES

Name
    -------------------------------------------------------------
                     (Print in Block Letters)

Address
       ----------------------------------------------------------

          NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS
WRITTEN UPON THE FACE OF THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A
BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING
MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

                                       14

Form to be used to assign Purchase Option:

                                   ASSIGNMENT

          (To be executed by the registered Holder to effect a transfer of the
within Purchase Option):

          FOR VALUE RECEIVED,______________________________________________ does
hereby sell, assign and transfer unto___________________________________________
the right to purchase __________ Units of Great Wall Acquisition Corporation
("Company") evidenced by the within Purchase Option and does hereby authorize
the Company to transfer such right on the books of the Company.

Dated:                    , 200
      -------------------      -

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

                                       -----------------------------------------
                                       Signature Guaranteed

          NOTICE: THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS
WRITTEN UPON THE FACE OF THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT
ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A
BANK, OTHER THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING
MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

                                       15

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