Document:

EXHIBIT 10.5
                     E-RESPONSES.COM DISTRIBUTION AGREEMENT
<PAGE>

                           SERVICE BUREAU ARRANGEMENT

THIS AGREEMENT is made the 28th day of September (the "Effective Date")

BETWEEN:

            IVP TECHNOLOGY CORPORATION, a public corporation incorporated
            pursuant to the laws of the State of Nevada

            ("Licensor")

                                     - and -

            E-RESPONSES.COM, a corporation incorporated pursuant to the laws of
            the State of Nevada

            ("Distributor")

Background:

A.    Distributor acts as a service bureau in making software solutions
      available to the automotive and real estate / mortgage sectors.

B.    Licensor has the exclusive right to license the PowerAudit suite of
      software products (the "Software") and related user documentation (the
      "Documentation")(collectively, the Software and the Documentation
      constitute the "Work") in, among other locations, the United States of
      America (the "Territory").

C.    The Software is an Internet-based software tool used to transmit data
      between field personnel collecting data using handheld computers (each
      such handheld computer, requiring a "PowerAudit Client Licence") and a
      head office server for one or more specific uses of such data (such
      licence to use the server, being a "PowerAudit Server Licence" and each
      such specific use of data, being, an "Applied Use"). The Software can be
      used in a range of field data collection/reporting applications.

D.    Distributor wishes to act, and Licensor wishes to have Distributor act, as
      a service bureau on the following basis, as more particularly described in
      the Agreement:

      1.    Distributor would make the PowerAudit Server software available from
            its centrally located server on a service bureau basis to end users
            ("End User", as further defined in this Agreement) for a monthly
            fee;

      2.    PowerAudit Client Licences would be granted on a month by month
            basis to End Users for use in conjunction with the PowerAudit Server
            software. The PowerAudit Client software would be resident on hand
            held hardware which may be sold or leased by Distributor;

      3.    Subject to Licensor's assistance as contemplated hereunder,
            Distributor would provide the maintenance, support and training
            services contemplated by this Agreement (collectively, the
            "Services", as more particularly described herein) to End Users.

NOW THEREFORE this Agreement witnesses that in consideration of the mutual
covenants contained herein, and for valuable consideration, mutually exchanged
and acknowledged, the Parties agree as follows:
<PAGE>
                                       2

                                   ARTICLE ONE
                                 INTERPRETATION

1.1 Definitions. In this Agreement, unless the context otherwise requires, each
capitalized term shall have the meaning attributed thereto in Schedule "A".

1.2 Schedules. The following are the schedules attached to and forming part of
this Agreement:

      Schedule "A"    -    Definitions
      Schedule "B"    -    Software
      Schedule "C"    -    Fees

1.3 Headings. The headings in this Agreement are for convenience of reference
only and shall not affect the construction or interpretation hereof.

1.4 Extended Meanings. Words expressed in the singular include the plural and
vice-versa and words in one gender include all genders.

1.5 Entire Agreement. This Agreement, and any agreements and other documents to
be delivered pursuant to it, constitute the entire agreement between the Parties
pertaining to the subject matter hereof and supersede all prior agreements,
understandings, negotiations and discussions, oral or written, between the
Parties. The execution of this Agreement has not been induced by, nor do either
of the Parties rely upon or regard as material, any representations, warranties,
conditions, other agreements or acknowledgements not expressly made in this
Agreement or in the agreements and other documents to be delivered pursuant
hereto.

1.6 Severability. If any provision of this Agreement, or the application
thereof, shall for any reason and to any extent be invalid or unenforceable, the
remainder of this Agreement, and (if appropriate) such provision to other
persons or circumstances, shall remain in full force and effect and be
interpreted so as best to reasonably effect the intent of the Parties.

1.7 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Nevada and shall be treated, in all
respects, as an Nevadan contract. The Parties hereby irrevocably submit to the
non-exclusive jurisdiction of the Courts of Nevada.

1.8 Currency. Unless otherwise provided, all references to currency shall be in
U.S. dollars.

                                   ARTICLE TWO
                     GRANT OF LICENCE AND ANCILLARY MATTERS

2.1 Non-Exclusive Licence. For use within the Territory, and subject to the
other terms and conditions of this Agreement, Licensor hereby grants Distributor
the right to act as a service bureau, on a non-exclusive basis, to the
automotive sector and real estate / mortgage sectors, on the following basis:
<PAGE>
                                       3

      1.    Distributor may provide End Users with access to the executable
            version of object code of the PowerAudit Server software on
            Distributor's centrally located server on a service bureau basis for
            a monthly fee;

      2.    PowerAudit Client Licences for the executable version of the object
            code may be granted by Distributor on a month by month basis to End
            Users for use in conjunction with the PowerAudit Server software.
            The PowerAudit Client software would be resident on hand held
            hardware which may be sold or leased by Distributor;

      3.    Subject to Licensor's assistance as contemplated hereunder,
            Distributor may provide the demonstration, maintenance, support and
            training services contemplated by this Agreement (collectively, the
            "Services", as more particularly described herein) to End Users.

      4.    Prior to executing a service bureau arrangement of a similar nature
            (the "Service") in the Territory with a third party for a sector to
            which the Distributor has already been granted a non-exclusive
            licence, Licensor shall provide Distributor thirty (30) prior
            written notice (the "Notice Period") of such arrangement and hereby
            grants Distributor the right notify Licensor within the Notice
            Period of its intention to provide the Service on the same terms and
            conditions as those negotiated with the third party service
            provider.

      5.    Additional sectors may be added to the Distributor's non-exclusive
            marketing rights at the request of the Distributor and the consent
            of the Licensor acting reasonably.

2.2 Advertising and Trade Marks.

(a)   Distributor agrees to, and is hereby granted a non-exclusive licence to,
      advertise, promote, market and service the Software under the trademarks,
      trade names or insignia (collectively, the "Licensor Marks") regularly
      applied to them by Licensor, and without making reference in any way to
      any other name, brand or trademark, except Distributor's own trade name
      and trademarks. Distributor shall not use the Licensor Marks in any manner
      likely to confuse, mislead, or deceive the public, or to be injurious or
      inimical to the best interests of Licensor. All goodwill in the Licensor
      Marks shall accrue to Licensor or its licensors.

(b)   Licensor has the right at any time to review Distributor's use of the
      Licensor Marks, and the quality of goods and services provided in respect
      of the Licensor Marks, and may require Distributor to terminate any use
      that does not adequately protect the Licensor Marks or if the goods or
      services are not of a quality at least as high as that of Licensor's own
      goods and services.

(c)   Distributor agrees that, upon the termination of this Agreement for any
      reason, Distributor shall immediately discontinue all such uses and
      refrain from the use of any confusingly similar marks which might lead the
      public to believe that Distributor continues to license the Software or
      that its place of business is an authorized distribution and service
      location for the Software.

(d)   Distributor will be provided with access to Licensor's marketing templates
      and demonstration data.

2.3 Delivery of Documentation. In respect of the Software, Licensor shall
deliver for inspection and use by Distributor (as requested from time to time
and in any event at least within ninety (90) days of its general commercial
release by Licensor):

      (i)   a Master Disk; and

      (ii)  an electronic version of all Documentation therefor in machine
            readable format.

2.4 Training. Licensor shall offer a "train the trainer" two day sales and
technical training program at its location in Toronto ("Sales Training" and
"Technical Training") for two employees of Distibutor at no additional cost.
Distributor shall send a minimum of one employee to Sales Training and one
employee to Technical Training. Distributor agrees that only those of its
employees who complete Sales Training or are trained by the trainer will be
authorized to licence the Software and that only those of its employees who
complete Technical Training or are
<PAGE>
                                       4

trained by the trainer will be authorized to service the Software. The
Distributor shall pay additional fees for travel and expenses if, at the request
of the Distributor, the training occurs outside the Licensor's Toronto location.
Distributor shall only send those employees to Sales Training that have previous
experience in the sale of technology products. Distributor shall only send those
employees to Technical Training that have a minimum of one year's experience
with Microsoft Windows NT, MS Internet Information Server, MS SQL Server, and
TCP/IP and Internet internetworking.

2.5 Ongoing Support of Software. Licensor shall provide to Distributor the
following technical support resource commitments:

      (i)   Licensor shall designate one or more appropriately qualified
            technical support representatives (the "Designated Support
            Representative") who shall be available during Licensor's normal
            business hours during the term of this Agreement to respond to
            technical support requests of Distributor and who shall provide and
            explain work arounds (if any) for, any bug fixes and error
            corrections developed by Licensor in respect of, the Software;

      (ii)  Distributor shall be entitled to receive from such Designated
            Support Representative reasonable advice and assistance with respect
            to familiarizing Distributor with the use, operation and
            administration of Software; and

      (iii) Licensor shall make available to Distributor ongoing general
            training and technical support in respect of the Software currently
            licensed and supported by Licensor as soon as reasonably practicable
            upon request.

      (iv)  As specified in Section 2.3, Licensor shall update all Software made
            available to Distributor as such updates are made available for
            general commercial release.

2.6 Marketing Effort. As a distributor of Licensor, Distributor shall perform,
in a diligent and business-like manner, all representative services which may be
reasonably requested by Licensor from time to time including using its best
efforts, consistent with good business practice, to diligently and continuously
promote the use of the Software by Licensor to prospective licensees so as to
maximize Fees hereunder.

2.7 Marketing Reports and Compensation for Referrals. Distributor shall keep
Licensor reasonably apprised of its planned and completed marketing efforts,
including providing written reports to Licensor on a quarterly basis (or such
other period as Licensor may reasonably request) in such form as is reasonably
requested by Licensor from time to time. An initial marketing report of its
planned activities for the first quarter, without projections of cost or time,
shall be provided within thirty days of the Effective Date. Distributor shall
promptly refer to Licensor all licence inquiries received by Distributor outside
of Distributor's grant of appointment under Section 2.1. That being said,
Licensor shall compensate Distributor in an equitable manner for sales leads
provided by Distributor. The purpose of this Agreement is not to circumvent
revenue opportunities for Distributor through direct licensing activities by
Licensor but rather, where a sales lead prefers a licence from Licensor to an
arrangement under this Agreement, to fairly compensate Distributor for such
sales lead. Without limiting the generality of the foregoing and recognizing
that "fair compensation" and the basis on which it is to be paid are questions
of fact that may vary from referral to referral, Licensor is anxious to create a
constructive and equitable relationship with Distributor and specifically agrees
to promptly pay the Distributor a referral fee of five percent (5%) of the gross
revenue paid to the Licensor throughout the term of any agreement with an end
user introduced to the Licensor by the Distributor or, alternatively, a referral
fee of ten percent (10%) of the gross revenue paid to the Licensor throughout
the term of any agreement with an end user referred to the Licensor by the
Distributor where the Distributor provides more than the introduction and, for
example, plays an active and material role in any negotiations culminating in an
agreement between the Distributor and the referred party.

2.8 General Obligations. Both Parties shall:

(a)   maintain such competent staff and otherwise commit such other resources as
      are reasonably required to meet its day-to-day obligations hereunder;
<PAGE>
                                       5

(b)   comply fully with all applicable laws and regulations of all relevant
      jurisdictions relative to its activities under this Agreement; and

(c)   obtain and maintain such permits and approvals as are required to meet its
      day-to-day obligations hereunder.

2.9 Use Pursuant to Agreement. Due to the complexities of developing computer
software products, Licensor provides only expressly limited warranties and
remedies in respect of the use of the Software by third parties. No service
bureau, arrangement, licence or maintenance and support of Software by
Distributor shall be made except in accordance with an agreement that in any
event protects Licensor's and its licensor's interests by including:

(a)   a provision restricting the use of the Software to the internal business
      purposes of an End User as defined in Schedule "A" hereto and not for
      service bureau purposes (as opposed to the right granted to Distributor
      under this Agreement to be a service bureau to End Users) ;

(b)   a provision requiring the End User to take all reasonable precautions to
      keep the applicable aspects of Software and any related documentation
      confidential;

(c)   a provision prohibiting the End User from reverse engineering, translating
      or creating other versions of the software or other elements of the
      Software;

(d)   a provision acknowledging that ownership of the copyright and all other
      Intellectual Property Rights in the Software remains exclusively with
      Licensor and its licensors;

(e)   a provision limiting Licensor's liability to the End User to the same or
      greater extent than Licensor's current standard form of end user or
      maintenance and support agreement provides;

(f)   a provision only representing the performance of the Software as set forth
      in the most current technical literature or specifications as made
      available to Distributor by Licensor from time to time; and

(g)   a provision prohibiting the End User from assigning the licence to another
      entity or otherwise.

Any right to use the Software granted by Distributor which is inconsistent with
the foregoing without Licensor's prior written consent shall be at Distributor's
own risk to the extent that it results in the granting of rights, remedies or
damages in excess of what would otherwise be available to the End User under
Licensor's current standard form of end user agreement and Distributor shall
indemnify Licensor for any damages accruing to Licensor as a result of such
actions by Distributor.

Distributor, in consultation with Licensor, shall develop a standard form End
User License Agreement acceptable to Licensor for use with the Software.
Distributor may amend the End User License Agreement from time to time, provided
that Licensor approves any change before the End User License Agreement, in such
amended form, are entered into with End Users. No Person shall receive any
Software unless such Person shall have signed an End User License Agreement.

                                  ARTICLE THREE
               STANDARD REPRESENTATIONS, WARRANTIES AND COVENANTS

3.1 Acknowledgement of Distributor re: Licensor's Intellectual Property Rights.
Distributor recognizes the great value of the Software and of the goodwill
associated therewith and acknowledges that all Intellectual Property Rights
therein and goodwill pertaining thereto belongs to Licensor or its licensors and
further acknowledges that ownership of the Software therefrom and the
Intellectual Property Rights therein shall be held in the name of Licensor or
such Person as Licensor may designate. Distributor acknowledges that the
Intellectual Property Rights in any modifications to the Software or the
underlying technology or any products or services derived therefrom shall
<PAGE>
                                       6

remain with Licensor or such Person as Licensor may designate whether or not the
work is performed by Licensor, Distributor, End User or by any other Person.

3.2 Covenants of Distributor re: Licensor's Intellectual Property Rights.
Distributor covenants to Licensor that it shall:

(a)   assist and cooperate with Licensor to the extent requested by Licensor in
      the protection of Licensor's or its licensor's Intellectual Property
      Rights including the execution of any document, including assignment
      documentation, to confirm Licensor's or its licensor's title to and
      interest in the Software;

(b)   take no steps either directly or indirectly to claim or dispute ownership
      or the enforceability or validity of Licensor's or its licensor's
      Intellectual Property Rights in the Software;

(c)   promptly notify Licensor of any infringements or imitations by others of
      the Software when such becomes known to Distributor;

(d)   promptly notify Licensor of the failure of any End User to abide by any
      and all of the terms of the relevant End User Agreement that becomes known
      to Distributor;

(e)   take all reasonable precautions and actions to ensure that the Software is
      not marketed, distributed or otherwise made available to any Person except
      in accordance with the terms of this Agreement;

(f)   not reverse engineer, decompile, disassemble, the Software except as
      expressly provided for in writing by Licensor; and

(g)   not remove or deface any logo, notice or legend of copyright, trade marks
      or trade secrets or US Government restricted rights notice from any
      packaging which contains the Software

3.3 Confidentiality. Each Party covenants to the other Party that it shall keep
confidential the Confidential Information of the other Party to which such Party
obtains access to as a consequence of entering into this Agreement and that it
will take all reasonable precautions to protect such Confidential Information
from any use, disclosure or copying except as expressly authorized by this
Agreement. Each Party shall implement such procedures as the other Party may
reasonably require from time to time to improve the security of the Confidential
Information in its possession or to effectively bind its employees and
contractors to such terms. This Section shall survive the termination of the
Agreement.

3.4 Irreparable Harm. Distributor acknowledges that a breach of any of the
covenants in this Article Three shall result in immediate irreparable and
irremediable damage to Licensor. The Parties agree that, in the event of such
failure, there is no adequate remedy at law and incurring such damage shall be
entitled to relief in the way of temporary or permanent injunctions and such
other and further relief as any Court with jurisdiction may deem just and
proper.

                                  ARTICLE FOUR
                             FEES AND PAYMENT TERMS

4.1 Fees. In consideration of the provision of the Deliverables, Distributor
agrees to pay Licensor those amounts set out in Schedule "C" (the "Fees").
Licensor and Distributor hereby agree to review and, when appropriate, adjust
the fees reflected in Schedule "C" on a semi-annual or such other basis as is
mutually agreeable for the specific purpose of dividing the Net Revenue received
by the Distributor in respect of its exploitation of the Software on an equal
basis as between the Licensor and Distributor.

4.2 Payment of Fees. Fees are payable based on amounts collected by Distributor.
Fees are payable monthly in U.S. dollars by Distributor by wire transfer to
Licensor's bank in o. Interest at o% is payable on Fees which have been
collected more than forty-five (45) days from the date of payment by Distributor
to Licensor. Interest begins to accrue commencing after the forty-fifth (45th)
day.
<PAGE>
                                       7

4.3 Audit Rights. Distributor shall maintain full, true and accurate records
containing all information which may be necessary for a determination of the
amount to be paid to Licensor under the terms of this Agreement. Said records
shall be kept at Distributor's principal place of business. Said records and
supporting data shall be available for inspection, during business hours, upon
reasonable notice, by an independent certified accountant retained by Licensor,
and mutually acceptable to Distributor and Licensor which approval shall not be
unreasonably withheld, solely for the purpose of verifying the correctness of
Distributor's compliance with the payment of amounts hereunder.

                                  ARTICLE FIVE
                           WARRANTIES AND INDEMNITIES

5.1 General Representations and Warranties. Licensor represents and warrants
that it has the sufficient right to grant the rights and licences granted by it
pursuant to this Agreement.

5.2 Year 2000 Warranty. Licensor represents and warrants that the Software, when
used in accordance with its associated documentation, will correctly receive,
process, and provide date data within and between the 20th and 21st centuries.
In the event if the Software fails to correctly receive, process or provide such
date data, Licensor at its expense, shall promptly repair or replace the
Software with Software of equivalent functionality and performance which meets
the foregoing standard. In no event shall Licensor be liable for failure of an
Software to correctly receive, process and provide date data where such failure
results solely from the failure of other products not otherwise provided by
Licensor to properly exchange accurate date data with the Software or as a
result of the characteristics, attributes or content of the data sets imported
into the Software.

5.3 Representations and Warranties re: Services. Licensor agrees that all
services to be provided by it hereunder shall be provided in a professional and
workmanlike manner by personnel appropriately trained in the performance of such
services.

5.4 Compliance with Applicable Law. Each Party represents and warrants that it
is not a party to, bound by or subject to any indenture, mortgage, lease,
agreement, instrument, charter or by-law provision, statute, regulation, order,
judgment, decree or law which would be violated, contravened or breached by, or
under which any default would occur as a result of the execution and delivery by
such Party of this Agreement or the performance by such Party of any of the
terms hereof.

5.5 Indemnity re: Intellectual Property Rights

(a)   Licensor agrees to indemnify Distributor and hold it harmless from losses
      in connection with or arising out of any claim asserted against
      Distributor based upon a contention that the Software, or any portion
      thereof, in the form accepted by Distributor or an End User and used
      within the scope of this Agreement or the End User Agreement, as
      applicable, infringes the Intellectual Property Rights of any third party
      provided that:

      (i)   Distributor promptly notifies Licensor in writing of the claim and
            of all material developments in connection with such claim and
            provides all assistance otherwise reasonably requested by Licensor;

      (ii)  Licensor has the right to control, at its own cost, the defence and
            all related settlement negotiations; and

      (iii) Distributor does not pay or settle any such claim without the
            express written consent of Licensor.

(b)   Notwithstanding the foregoing, Licensor shall have no liability for any
      claim of infringement based on use by Distributor or End User of other
      than a current release of the Software as made available by Licensor to
      Distributor as required pursuant to the terms of Sections 2.3 and 2.5(iv)
      of this Agreement if such infringement would have been avoided by the use
      of a current release of such Software, or for any claim of infringement
      based on the combination of the Software by Distributor or End User with
      any other product
<PAGE>
                                       8

or service, or for any claim of infringement resulting from unauthorized use of
the Software by Distributor, or for third party elements which Licensor may
incorporate in the Software.

(c)   The foregoing represents Licensor's entire liability for a claim of
      Intellectual Property Rights infringement.

5.6 Limitation. EXCEPT AS OTHERWISE PROVIDED BY THIS AGREEMENT, THERE ARE NO
WARRANTIES OR CONDITIONS, EITHER EXPRESS OR IMPLIED, PROVIDED BY LICENSOR WITH
OR WITH RESPECT TO THE SOFTWARE OR ANY OTHER DELIVERABLE TO BE PROVIDED BY OR ON
BEHALF OF LICENSOR HEREUNDER. THESE DISCLAIMED WARRANTIES AND CONDITIONS INCLUDE
ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

                                   ARTICLE SIX
                             LIMITATION OF LIABILITY

6.1 Limitation of Liability. The limitation of liability provisions of this
Agreement reflect an informed voluntary allocation of the risks (known and
unknown) that may exist in connection with the provision of goods and services
hereunder by Licensor and such voluntary risk allocation represents a material
part of the agreement reached between Licensor and Distributor. Should Licensor
be in breach of any obligation, Distributor agrees that Distributor's remedies
will be limited to those set forth in this Agreement.

(a)   Direct Damages Only. Subject to the restrictions in this Article 6 and
      subject to Distributor's election, if so entitled in law, to rescind or be
      discharged from this Agreement, in the event of any breach by Licensor of
      its obligations under this Agreement, including any breach of a
      fundamental term or a fundamental breach, Distributor's exclusive remedy
      under this or any related agreement shall be to receive actual, direct
      damages up to the amount received hereunder for the provision of
      Deliverables in the twelve months prior to the applicable claim being
      made; less the amount of any damages already paid or to which Distributor
      is or may be entitled by reason of any claim arising out of a breach
      (including fundamental breach) by Licensor of this Agreement, or
      otherwise, whether based in contract, tort (including negligence), or
      otherwise.

(b)   No Indirect Damages, etc. IN NO EVENT, WHETHER BASED IN CONTRACT, TORT OR
      OTHERWISE, SHALL LICENSOR BE LIABLE FOR ANY CLAIM FOR: (A) PUNITIVE,
      EXEMPLARY, OR AGGRAVATED DAMAGES; (B) DAMAGES FOR LOSS OF PROFITS OR
      REVENUE, FAILURE TO REALIZE EXPECTED SAVINGS, BUSINESS INTERRUPTION, OR
      LOSS OF USE OR LACK OF AVAILABILITY OF LICENSOR'S FACILITIES, INCLUDING
      ITS COMPUTER RESOURCES AND ANY STORED DATA; (C) INDIRECT, CONSEQUENTIAL OR
      SPECIAL DAMAGES; OR (D) CONTRIBUTION OR INDEMNITY IN RESPECT OF ANY CLAIMS
      AGAINST LICENSOR OTHER THAN BY END USER.

(c)   Time Limit. No action, regardless of form, may be brought by Distributor
      more than 12 months after the facts giving rise to the cause of action
      have occurred.

                                  ARTICLE SEVEN
                              TERM AND TERMINATION

7.1 Term and Termination. The term of this Agreement shall commence on the
Effective Date and shall continue, subject to early termination in accordance
with the terms hereof, until [date] (this, being the "Initial Term").
Thereafter, the term shall be automatically extended for succeeding periods of
one (1) year (those, being "Succeeding Terms") unless terminated by either Party
by notice given not less than ninety (90) days prior to the end of the Initial
Term or any Succeeding Term, as the case may be.

7.2 Termination.

(a)   This Agreement may be terminated on written notice by a Party, if the
      other Party fails to perform or comply with any material term, condition
      or covenant of this Agreement and does not remedy its failure
<PAGE>
                                       9

      within thirty (30) days after receiving written notice specifying the
      failure and requiring that the failure be remedied.

(b)   Notwithstanding Section 7.2(a), the time period for rectification of a
      breach under Sections 3.1, 3.2 or 3.3 of this Agreement shall be ten (10)
      days.

7.3 Effect of Termination. The Parties expressly agree that upon the termination
or expiration of this Agreement, the permitted use of the Software shall
terminate and all rights granted to Distributor hereunder shall forthwith revert
to Licensor, which shall be free to deal with them as it shall see fit and
Distributor shall:

      (a)   discontinue immediately all use and reproduction in any manner of
            the Software;

      (b)   subject to Distributor's requirement to comply with all regulatory
            reporting and record keeping requirements, deliver to Licensor all
            Confidential Information of Licensor and same shall not be used by
            Distributor thereafter for any reason whatsoever;) and

      (c)   each Party shall forthwith pay all sums owing to the other hereunder
            or as they subsequently become due.

      (d)   in the event that this Agreement is terminated pursuant to the
            provisions of Section 7.2 above, all revenues attributable to the
            use of the Software and payable to Distributor pursuant to the terms
            of a user agreement that predates the termination of this Agreement
            shall continue to be received and distributed by the Distributor as
            anticipated by this Agreement until the earlier of termination of
            the service dependant on the Software by the End User as defined in
            Schedule "A" hereto or expiration of the Software Distribution
            Agreement between Licensor and the developer of the Software on May
            31, 2003 or such later date as may be agreed to by the Distributor
            and the developer of the Software.

7.4 Survival. Articles oand Sections oand this Section 7.4 shall survive the
termination of this Agreement as well as on any other provisions which by their
nature, ought reasonably to survive termination.

                                  ARTICLE EIGHT
                                     GENERAL

8.1 Notice. Any notice required or permitted to be given hereunder shall be in
writing and shall be sufficiently given if delivered in person during normal
business hours of the recipient on a business day, sent by first class mail,
postage prepaid or sent by facsimile transmission as follows:

      (i)   in the case of a notice to Licensor to:

            Suite 300, 54 Village Centre Place,
            Mississauga, Ontario,
            CANADA L4Z 1V9

            Attention: John Maxwell
                        President

      (ii)  in the case of a notice to Distributor to:

            c/o Mark's & Devine,
            Suite 2004, 23801 Calabasas Road,
            Calabasas, California 91302

            Attention: Steven R. Price.
                        C.E.O.
<PAGE>
                                       10

and shall be conclusively deemed to have been given and to have been received on
the next Business Day following delivery in person, if so delivered, on the
third Business Day following the mailing thereof, if so mailed (excluding each
day during which there exists any interruption of postal services due to strike,
lockout or other cause), or on the day sent by facsimile transmission, if so
sent. Addresses for notice may be changed by giving notice in accordance with
the foregoing.

8.2 Independent Contractor. In giving effect to this Agreement, neither Party
shall be or be deemed an agent of the other Party for any purpose and their
relationship to each other shall be that of independent contractors. Nothing in
this Agreement shall constitute a partnership between the Parties. Neither Party
shall have the right to enter into contracts or pledge the credit of or incur
expenses of liabilities on behalf of the other Party.

8.3 Force Majeure. Except as expressly provided otherwise in this Agreement,
dates and times by which a Party is required to render performance under this
Agreement or any schedule hereto shall be postponed automatically to the extent
and for the period of time that such Party is prevented from meeting them by
reason of any cause beyond its reasonable control, provided the Party prevented
from rendering performance notifies the other Party immediately and in detail of
the commencement and nature of such cause and the probable consequences thereof,
and provided further that such Party uses its reasonable efforts to render
performance in a timely manner utilizing to such end all resources reasonably
required in the circumstances, including obtaining supplies or services from
other sources if same are reasonably available.

8.4 Amendment. No supplement, modification or waiver or termination of this
Agreement shall be binding unless executed in writing by the Party to be bound
thereby. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provision (whether or not similar) nor
shall such waiver constitute a continuing waiver unless otherwise expressly
provided.

8.5 Assignment. The rights and obligations of Distributor under this Agreement
shall not be assigned, in whole or in part, by Distributor without the prior
consent in writing of Licensor and any purported assignment made without that
consent is void and of no effect. No assignment of this Agreement shall relieve
Distributor from any obligation under this Agreement or impose any liability
upon Licensor, unless otherwise agreed to in writing by Licensor. Licensor may
assign its rights and obligations under this Agreement to any Affiliate or to a
party purchasing the part of its business with which the subject matter of this
Agreement is related, without Distributor's prior written consent.

8.6 Further Assurances. Each Party agrees that upon the written request of any
other Party, it will do all such acts and execute all such further documents,
conveyances, deeds, assignments, transfers and the like, and will cause the
doing of all such acts and will cause the execution of all such further
documents as are within its power to cause the doing or execution of, as any
other party hereto may from time to time reasonably request be done and/or
executed as may be necessary or desirable to give effect to this Agreement.

8.7 Counterparts. This Agreement may be executed in any number of counterparts.
Each executed counterpart shall be deemed to be an original. All executed
counterparts taken together constitute the Agreement.
<PAGE>
                                       11

      IN WITNESS WHEREOF the Parties have executed this Agreement.

                                    IVP TECHNOLOGY CORPORATION

                                    Per:
                                        -------------------------------
                                        Name: John Maxwell
                                        Title: President

                                    E-RESPONSES.COM

                                    Per:
                                        --------------------------------
                                        Name: Steven R. Price
                                        Title: Chief Executive Officer
<PAGE>

                                  SCHEDULE "A"

                                   DEFINITIONS

In this Agreement, the following expressions shall, unless the subject matter or
context is inconsistent therewith, have the following meanings:

      "Agreement" means this distribution agreement, all attached schedules and
      all instruments supplemental to or in confirmation of this Agreement or
      incorporated into this Agreement by reference, as any or all of the
      foregoing may be amended from time to time in accordance with the
      provisions of this Agreement;

      "Applied Use" means the application of the Software for a specific
      business activity (e.g. consumer research and sales order processing would
      be two distinct applied uses);

      "Business Day" means any day, other than a Saturday, Sunday, or statutory
      or civic holiday in the state of Nevada, U.S.A.;

      "Confidential Information" means all data and information relating to the
      business and management of either Party, including the Software and other
      proprietary and trade secrets, technology and accounting records to which
      access is obtained hereunder by the other Party, provided, however, that
      Confidential Information shall not include any data or information which:

      (a)   is or becomes publicly available through no fault of the other
            Party;

      (b)   is already in the rightful possession of the other Party prior to
            its receipt from the other Party;

      (c)   is independently developed by the other Party;

      (d)   is rightfully obtained by the other Party from a third party;

      (e)   is disclosed with the written consent of the Party whose information
            it is; or

      (f)   is disclosed pursuant to court order or other legal compulsion;

      "Deliverables" means the licences granted hereunder by Licensor and the
      provision of Master Disks and related Documentation, and the provision of
      Maintenance Services and other services to be provided hereunder by
      Licensor;

      "Documentation" means all end-user, product support, technical service and
      other written instructions, information and materials for the Software
      that Licensor normally provides to its end users and licensees or that
      Licensor provides for, or approves for use with, the Software, including
      manuals, on-line help files and electronic copies of any of the foregoing
      materials;

      "Effective Date" has the meaning attributed at the start of this
      Agreement;

      "End User" means a Person that is obtaining a licence to use the Software
      for its internal use pursuant to an End User License Agreement;

      "End User License Agreement" means an Object Code Licence in writing
      entered into by [Licensor] with a third-party end user, and containing the
      provisions required in Section 2.9;

      "Fees" means amounts payable hereunder by Distributor to Licensor for the
      provision of Deliverables;

      "Intellectual Property Rights" means any proprietary right provided under:
      (i) patent law; (ii) copyright law; (iii) trade-mark law; (iv) design
      patent or industrial design law; and (v) any other statutory provision or
      common law principle applicable to the Software which may provide a right
      in either: (i) ideas, formulae,
<PAGE>

      algorithms, concepts, inventions or know-how generally including trade
      secret and unfair competition laws; or (ii) the expression of such ideas,
      formulae, algorithms, concepts, inventions or know-how;

      "Licensor Marks" has the meaning attributed thereto in Section 2.2;

      "Maintenance Services" means the maintenance and support services to be
      provided by Licensor under Section 2.5;

      "Master Disk" means, at any time, the master disk in CD-ROM format for the
      Software in object code form provided by Licensor to Distributor from time
      to time in accordance with the provisions of this Agreement, which disk
      shall be in form and format suitable for duplication by Distributor for
      installation on appropriately configured personal computers of Distributor
      and reproduction for End Users in accordance with the rights conferred on
      Distributor under this Agreement;

      "Net Revenue" means the gross revenue received by the Distributor in
      respect of its exploitation of the Software less all operating expenses
      incurred by the Distributor that are directly attributable to such
      exploitation.

      "Object Code Licence" has the meaning attributed thereto in the background
      to this Agreement;

      "Party" means Licensor or Distributor, as applicable, and "Parties" means
      both of them;

      "Person" means any individual, company, corporation, partnership,
      government or government agency, authority or entity, howsoever designated
      or constituted;

      "Services" means [to be further defined];

      "Software" means all versions or releases of software marketed by Licensor
      under the "PowerAudit" trade-mark, in object code format, which are
      generally distributed or licensed by Licensor from time to time as more
      fully described in Schedule "B" attached hereto, including all
      Documentation relating thereto.
<PAGE>

                                  SCHEDULE "B"

                                    SOFTWARE

Software means all software (in object code format) and Documentation which
Licensor licenses or distributes under the "PowerAudit" trade-marks from time to
time during the term of this Agreement and including:

THE FIELD CLIENT SOFTWARE

PowerAudit Client Standard

PowerAudit Client Pro

THE SERVER APPLICATIONS

PowerAudit Assignment Creator

PowerAudit Assignment Server

PowerAudit Assignment Reporter

PowerAudit Assignment Super Power Paq

The current suggested retail price for the above Software is stated above in the
description of each item of Software.
<PAGE>

                                  SCHEDULE "C"

                                      FEES

Fees payable by Distributor to Licensor will be:

20% of all gross revenues received by Distributor in respect of Server Licenses,
and

15% of all gross revenues received by Distributor in respect of "Device Module"
fees and will be based on the following pricing models:

1.    Licence Fees. Licensor may from time to time set a "suggested retail
      price" for software products that it provides to its distributors
      generally.

      In respect of a software licence for Client Software, Distributor shall
      require End-Users to pay a monthly licence fee of $300.00 for each and
      every handheld device upon which the End-User loads the Client Software.

      In respect of a software licence for Server Software, Distributor shall
      require End-Users to pay a monthly licence fee of $500.00 for one Server
      Licence for each and every Applied Use of the Software.

2.    Training. The fee for training any persons in addition to those
      contemplated by the provisions of Section 2.4 of this Agreement shall be
      $5000.00 per two-day Sales and Technical Training Session for up to six
      persons.

3.    Support Fees. Additional access to the IVP Support shall be purchased by
      the Distributor in the form of the following packages:
            a) 25 hours of Support @ $200.00 per hour
            b) 50 hours of Support @ $175.00 per hour
            c) 100 hours of Support @ $150.00 per hour

4.    Other Service Fees. The Fee for other services will be negotiated at the
      time of retainer.
<PAGE>

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Dated: November 13, 2000

                                              IVP TECHNOLOGY CORPORATION
                                              --------------------------
                                                      (Registrant)

                                              /s/ John Maxwell
                                              ------------------------
                                                   President

                                       7EXHIBIT 10.25

                               AMBIENT CORPORATION

                           2000 EQUITY INCENTIVE PLAN

Section 1. Purpose of the Plan

            The purpose of the Ambient Corporation 2000 Equity Incentive Plan
(the "Plan") is to further the interests of Ambient Corporation (the "Company")
and its shareholders by providing long-term performance incentives to those key
employees and consultants of the Company and its Subsidiaries who are largely
responsible for the management, growth and protection of the business of the
Company and its Subsidiaries.

Section 2. Definitions

            For purposes of the Plan, the following terms shall be defined as
set forth below:

      (a) "Award" means any Option, Performance Unit, SAR (including a Limited
SAR), Restricted Stock, Stock granted as a bonus or in lieu of other awards,
other Stock-Based Award, Tax Bonus or other cash payments granted to a
Participant under the Plan.

      (b) "Award Agreement" shall mean the written agreement, instrument or
document evidencing an Award.

      (c) "Change of Control" means and includes each of the following: (i) the
acquisition, in one or more transactions, of beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act) by any person or entity or any
group of persons or entities who constitute a group (within the meaning of
Section 13(d)(3) of the Exchange Act), other than a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or a
Subsidiary, of any securities of the Company such that, as a result of such
acquisition, such person, entity or group either (A) beneficially owns (within
the meaning of Rule l3d-3 under the Exchange Act), directly or indirectly, more
than 50% of the Company's outstanding voting securities entitled to vote on a
regular basis for a majority of the members of the Board of Directors of the
Company or (B) otherwise has the ability to elect, directly or indirectly, a
majority of the members of the Board; (ii) a change in the composition of the
Board of Directors of the Company such that a majority of the members of the
Board of Directors of the Company are not Continuing Directors; or (iii) the
stockholders of the Company approve a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation which would
result in the voting securities of the Company outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity) at least 50% of the
total voting power represented by the voting securities of the Company or such
surviving entity outstanding immediately after such merger or consolidation, or
the stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of (in one or
more transactions) all or substantially all of the Company's assets.

            Notwithstanding the foregoing, the preceding events shall not be
deemed to be a Change of Control if, prior to any transaction or transactions
causing such change, a majority of the Continuing Directors shall have voted not
to treat such transaction or transactions as resulting in a Change of Control.

      (d) "Code" means the Internal Revenue Code of 1986, as amended from time
to time.
<PAGE>

      (e) A "Continuing Director" means, as of any date of determination, any
member of the Board of Directors of the Company who (i) was a member of such
Board on the effective date of the Plan or (ii) was nominated for election or
elected to such Board with the affirmative vote of a majority of the Continuing
Directors who were members of such Board at the time of such nomination or
election.

      (f) "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time.

      (g) "Fair Market Value" means, with respect to Stock, Awards, or other
property, the fair market value of such Stock, Awards, or other property
determined by such methods or procedures as shall be established from time to
time by the Committee in good faith and in accordance with applicable law.
Unless otherwise determined by the Committee, the Fair Market Value of Stock
shall mean the mean of the high and low sales prices of Stock on the relevant
date as reported on the stock exchange or market on which the Stock is primarily
traded, or if no sale is made on such date, then the Fair Market Value is the
weighted average of the mean of the high and low sales prices of the Stock on
the next preceding day and the next succeeding day on which such sales were
made, as reported on the stock exchange or market on which the Stock is
primarily traded.

      (h) "ISO" means any Option designated as an incentive stock option within
the meaning of Section 422 of the Code.

      (i) "Limited SAR" means an SAR exercisable only for cash upon a Change of
Control or other event, as specified by the Committee.

      (j) "Option" means a right granted to a Participant pursuant to Section
6(b) to purchase Stock at a specified price during specified time periods. An
Option may be either an ISO or a nonstatutory Option (an Option not designated
as an ISO).

      (k) "Performance Unit" means a right granted to a Participant pursuant to
Section 6(c) to receive a payment in cash equal to the increase in the book
value of the Company during specified time periods if specified performance
goals are met.

      (l) "Restricted Stock" means Stock awarded to a Participant pursuant to
Section 6(d) that may be subject to certain restrictions and to a risk of
forfeiture.

      (m) "Stock-Based Award" means a right that may be denominated or payable
in, or valued in whole or in part by reference to the market value of, Stock,
including, but not limited to, any Option, SAR (including a Limited SAR),
Restricted Stock, Stock granted as a bonus or Awards in lieu of cash
obligations.

      (n) "SAR" or "Stock Appreciation Right" means the right granted to a
Participant pursuant to Section 6(e) to be paid an amount measured by the
appreciation in the Fair Market Value of Stock from the date of grant to the
date of exercise of the right, with payment to be made in cash, Stock or as
specified in the Award, as determined by the Committee.

      (o) "Subsidiary" shall mean any corporation, partnership, joint venture or
other business entity of which 50% or more of the outstanding voting power is
beneficially owned, directly or indirectly, by the Company.

      (p) "Tax Bonus" means a payment in cash in the year in which an amount is
included in the gross income of a Participant in respect of an Award of an
amount equal to the federal, foreign, if any, and applicable state and local
income and employment tax liabilities
<PAGE>

payable by the Participant as a result of (i) the amount included in gross
income in respect of the Award and (ii) the payment of the amount in clause (i)
and the amount in this clause (ii). For purposes of determining the amount to be
paid to the Participant pursuant to the preceding sentence, the Participant
shall be deemed to pay federal, foreign, if any, and state and local income
taxes at the highest marginal rate of tax imposed upon ordinary income for the
year in which an amount in respect of the Award is included in gross income,
after giving effect to any deductions therefrom or credits available with
respect to the payment of any such taxes.

Section 3. Administration of the Plan

            The Plan shall be administered by shall be administered by the Board
of Directors of the Company or, at the discretion of the Board, by a committee
which may be comprised of one member of the Board. Any such committee designated
by the Board, and the Board itself acting in its capacity as administrator of
the Equity Incentive Plan, is referred to herein as the "Committee." After any
such designation, no member of the Committee while serving as such shall be
eligible for participation in the Plan. Any action of the Committee in
administering the Plan shall be final, conclusive and binding on all persons,
including the Company, its Subsidiaries, employees, Participants, persons
claiming rights from or through Participants and stockholders of the Company.

            Subject to the provisions of the Plan, the Committee shall have full
and final authority in its discretion (a) to select the key employees and
consultants who will receive Awards pursuant to the Plan ("Participants"), (b)
to determine the type or types of Awards to be granted to each Participant, (c)
to determine the number of shares of Stock to which an Award will relate, the
terms and conditions of any Award granted under the Plan (including, but not
limited to, restrictions as to transferability or forfeiture, exercisability or
settlement of an Award and waivers or accelerations thereof, and waivers of or
modifications to performance conditions relating to an Award, based in each case
on such considerations as the Committee shall determine) and all other matters
to be determined in connection with an Award; (d) to determine whether, to what
extent, and under what circumstances an Award may be settled, or the exercise
price of an Award may be paid, in cash, Stock, other Awards or other property,
or an Award may be canceled, forfeited, or surrendered; (e) to determine
whether, and to certify that, performance goals to which the settlement of an
Award is subject are satisfied; (f) to correct any defect or supply any omission
or reconcile any inconsistency in the Plan, and to adopt, amend and rescind such
rules and regulations as, in its opinion, may be advisable in the administration
of the Plan; and (g) to make all other determinations as it may deem necessary
or advisable for the administration of the Plan. The Committee may delegate to
officers or managers of the Company or any Subsidiary or to unaffiliated service
providers the authority, subject to such terms as the Committee shall determine,
to perform administrative functions and to perform such other functions as the
Committee may determine, to the extent permitted under Rule 16b-3, Section
162(m) of the Code and applicable law.

Section 4. Participation in the Plan

            Participants in the Plan shall be selected by the Committee from
among the key employees and consultants of the Company and its Subsidiaries,
provided, however, that only key employees shall be eligible to receive ISOs
under the Plan.

Section 5. Plan Limitations; Shares Subject to the Plan

      (a) Subject to the provisions of Section 8(a) hereof, the aggregate number
of shares of common stock, $.001 par value, of the Company (the "Stock")
available for issuance as Awards under the Plan shall not exceed 5,000,000
shares.
<PAGE>

      (b) Subject to the provisions of Section 8(a) hereof, the aggregate number
of Performance Units which may be awarded under the Plan shall not exceed
500,000. If any Performance Units awarded under the Plan shall be forfeited or
canceled, such Performance Units shall thereafter be available for award under
the Plan.

            No Award may be granted if the number of shares to which such Award
relates, when added to the number of shares previously issued under the Plan and
the number of shares which may then be acquired pursuant to other outstanding,
unexercised Awards, exceeds the number of shares available for issuance pursuant
to the Plan. If any shares subject to an Award are forfeited or such Award is
settled in cash or otherwise terminates for any reason whatsoever without an
actual distribution of shares to the Participant, any shares counted against the
number of shares available for issuance pursuant to the Plan with respect to
such Award shall, to the extent of any such forfeiture, settlement, or
termination, again be available for Awards under the Plan; provided, however,
that the Committee may adopt procedures for the counting of shares relating to
any Award to ensure appropriate counting, avoid double counting, and provide for
adjustments in any case in which the number of shares actually distributed
differs from the number of shares previously counted in connection with such
Award.

Section 6. Awards

      (a) General. Awards may be granted on the terms and conditions set forth
in this Section 6. In addition, the Committee may impose on any Award or the
exercise thereof, at the date of grant or thereafter (subject to Section 8(a)),
such additional terms and conditions, not inconsistent with the provisions of
the Plan, as the Committee shall determine, including terms requiring forfeiture
of Awards in the event of termination of employment by the Participant;
provided, however, that the Committee shall retain full power to accelerate or
waive any such additional term or condition as it may have previously imposed.
All Awards shall be evidenced by an Award Agreement.

      (b) Options. The Committee may grant Options to Participants on the
following terms and conditions:

            (i) Exercise Price. The exercise price of each Option shall be
determined by the Committee at the time the Option is granted, but (except as
provided in Section 7(a)) the exercise price of any ISO shall not be less than
the Fair Market Value (110% of the Fair Market Value in the case of a 10%
shareholder, within the meaning of Section 422(c)(5) of the Code) of the shares
covered thereby at the time the Option is granted.

            (ii) Time and Method of Exercise. The Committee shall determine the
time or times at which an Option may be exercised in whole or in part, whether
the exercise price shall be paid in cash or by the surrender at Fair Market
Value of Stock, or by any combination of cash and shares of Stock, including,
without limitation, cash, Stock, other Awards, or other property (including
notes or other contractual obligations of Participants to make payment on a
deferred basis, such as through "cashless exercise" arrangements, to the extent
permitted by applicable law), and the methods by which Stock will be delivered
or deemed to be delivered to Participants.

            (iii) Incentive Stock Options. The terms of any Option granted under
the Plan as an ISO shall comply in all respects with the provisions of Section
422 of the Code, including, but not limited to, the requirement that no ISO
shall be granted more than ten years after the effective date of the Plan.

      (c) Performance Units. The Committee is authorized to grant Performance
Units to Participants on the following terms and conditions:
<PAGE>

            (i) Performance Criteria and Period. At the time it makes an award
of Performance Units, the Committee shall establish both the performance goal or
goals and the performance period or periods applicable to the Performance Units
so awarded. A performance goal shall be a goal, expressed in terms of growth in
book value, earnings per share, return on equity or any other financial or other
measurement deemed appropriate by the Committee, or may relate to the results of
operations or other measurable progress of either the Company as a whole or the
Participant's Subsidiary, division or department. The performance period will be
the period of time over which one or more of the performance goals must be
achieved, which may be of such length as the Committee, in its discretion, shall
select. Neither the performance goals nor the performance periods need be
identical for all Performance Units awarded at any time or from time to time.
The Committee shall have the authority, in its discretion, to accelerate the
time at which any performance period will expire or waive or modify the
performance goals of any Participant or Participants. The Committee may also
make such adjustments, to the extent it deems appropriate, to the performance
goals for any Performance Units awarded to compensate for, or to reflect, any
material changes which may have occurred in accounting practices, tax laws,
other laws or regulations, the financial structure of the Company, acquisitions
or dispositions of business or Subsidiaries or any unusual circumstances outside
of management's control which, in the sole judgment of the Committee, alters or
affects the computation of such performance goals or the performance of the
Company or any relevant Subsidiary, division or department.

            (ii) Value of Performance Units. The value of each Performance Unit
at any time shall equal the book value per share of the Company's Stock, as such
value appears on the consolidated balance sheet of the Company as of the end of
the fiscal quarter immediately preceding the date of valuation.

      (d) Restricted Stock. The Committee is authorized to grant Restricted
Stock to Participants on the following terms and conditions:

            (i) Restricted Period. Restricted Stock awarded to a Participant
shall be subject to such restrictions on transferability and other restrictions
for such periods as shall be established by the Committee, in its discretion, at
the time of such Award, which restrictions may lapse separately or in
combination at such times, under such circumstances, or otherwise, as the
Committee may determine.

            (ii) Forfeiture. Restricted Stock shall be forfeitable to the
Company upon termination of employment during the applicable restricted periods.
The Committee, in its discretion, whether in an Award Agreement or anytime after
an Award is made, may accelerate the time at which restrictions or forfeiture
conditions will lapse or remove any such restrictions, including upon death,
disability or retirement, whenever the Committee determines that such action is
in the best interests of the Company.

            (iii) Certificates for Stock. Restricted Stock granted under the
Plan may be evidenced in such manner as the Committee shall determine. If
certificates representing Restricted Stock are registered in the name of the
Participant, such certificates may bear an appropriate legend referring to the
terms, conditions and restrictions applicable to such Restricted Stock.

            (iv) Rights as a Shareholder. Subject to the terms and conditions of
the Award Agreement, the Participant shall have all the rights of a stockholder
with respect to shares of Restricted Stock awarded to him or her, including,
without limitation, the right to vote such shares and the right to receive all
dividends or other distributions made with respect to such shares. If any such
dividends or distributions are paid in Stock, the Stock shall be subject to
<PAGE>

restrictions and a risk of forfeiture to the same extent as the Restricted Stock
with respect to which the Stock has been distributed.

      (e) Stock Appreciation Rights. The Committee is authorized to grant SARs
to Participants on the following terms and conditions:

            (i) Right to Payment. An SAR shall confer on the Participant to whom
it is granted a right to receive, upon exercise thereof, the excess of (A) the
Fair Market Value of one share of Stock on the date of exercise over (B) the
grant price of the SAR as determined by the Committee as of the date of grant of
the SAR, which grant price (except as provided in Section 7(a)) shall not be
less than the Fair Market Value of one share of Stock on the date of grant.

            (ii) Other Terms. The Committee shall determine the time or times at
which an SAR may be exercised in whole or in part, the method of exercise,
method of settlement, form of consideration payable in settlement, method by
which Stock will be delivered or deemed to be delivered to Participants, whether
or not an SAR shall be in tandem with any other Award, and any other terms and
conditions of any SAR. Limited SARs may be granted on such terms, not
inconsistent with this Section 6(e), as the Committee may determine. Limited
SARs may be either freestanding or in tandem with other Awards.

      (f) Bonus Stock and Awards in Lieu of Cash Obligations. The Committee is
authorized to grant Stock as a bonus, or to grant Stock or other Awards in lieu
of Company or Subsidiary obligations to pay cash or deliver other property under
other plans or compensatory arrangements; provided that, in the case of
Participants subject to Section 16 of the Exchange Act, such cash amounts are
determined under such other plans in a manner that complies with applicable
requirements of Rule 16b-3 so that the acquisition of Stock or Awards hereunder
shall be exempt from Section 16(b) liability. Stock or Awards granted hereunder
shall be subject to such other terms as shall be determined by the Committee.

      (g) Other Stock-Based Awards. The Committee is authorized, subject to
limitations under applicable law, to grant to Participants such other
Stock-Based Awards in addition to those provided in Sections 6(b) and (d)
through (e) hereof, as deemed by the Committee to be consistent with the
purposes of the Plan. The Committee shall determine the terms and conditions of
such Awards. Stock delivered pursuant to an Award in the nature of a purchase
right granted under this Section 6(g) shall be purchased for such consideration
and paid for at such times, by such methods, and in such forms, including,
without limitation, cash, Stock, other Awards, or other property, as the
Committee shall determine.

      (h) Cash Payments. The Committee is authorized, subject to limitations
under applicable law, to grant to Participants Tax Bonuses and other cash
payments, whether awarded separately or as a supplement to any Stock-Based
Award. The Committee shall determine the terms and conditions of such Awards.

Section 7. Additional Provisions Applicable to Awards

      (a) Stand-Alone, Additional, Tandem, and Substitute Awards. Awards granted
under the Plan may, in the discretion of the Committee, be granted either alone
or in addition to, in tandem with, or in substitution for, any other Award
granted under the Plan or any award granted under any other plan of the Company
or any Subsidiary, or any business entity acquired by the Company or any
Subsidiary, or any other right of a Participant to receive payment from the
Company or any Subsidiary. If an Award is granted in substitution for another
Award or award, the Committee shall require the surrender of such other Award or
award in consideration for the grant of the new Award. Awards granted in
addition to, or in tandem with other Awards or awards may be granted either as
of the same time as, or a
<PAGE>

different time from, the grant of such other Awards or awards. The per share
exercise price of any Option, grant price of any SAR, or purchase price of any
other Award conferring a right to purchase Stock:

            (i) granted in substitution for an outstanding Award or award, shall
be not less than the lesser of (A) the Fair Market Value of a share of Stock at
the date such substitute Award is granted or (B) such Fair Market Value at that
date, reduced to reflect the Fair Market Value at that date of the Award or
award required to be surrendered by the Participant as a condition to receipt of
the substitute Award; or

            (ii) retroactively granted in tandem with an outstanding Award or
award, shall not be less than the lesser of the Fair Market Value of a share of
Stock at the date of grant of the later Award or at the date of grant of the
earlier Award or award.

      (b) Exchange and Buy Out Provisions. The Committee may at any time offer
to exchange or buy out any previously granted Award for a payment in cash,
Stock, other Awards (subject to Section 7(a)), or other property based on such
terms and conditions as the Committee shall determine and communicate to a
Participant at the time that such offer is made.

      (c) Performance Conditions. The right of a Participant to exercise or
receive a grant or settlement of any Award, and the timing thereof, may be
subject to such performance conditions as may be specified by the Committee.

      (d) Term of Awards. The term of each Award shall, except as provided
herein, be for such period as may be determined by the Committee; provided,
however, that in no event shall the term of any ISO, or any SAR granted in
tandem therewith, exceed a period of ten years from the date of its grant (or
such shorter period as may be applicable under Section 422 of the Code).

      (e) Form of Payment. Subject to the terms of the Plan and any applicable
Award Agreement, payments or transfers to be made by the Company or a Subsidiary
upon the grant or exercise of an Award may be made in such forms as the
Committee shall determine, including, without limitation, cash, Stock, other
Awards, or other property (and may be made in a single payment or transfer, in
installments, or on a deferred basis), in each case determined in accordance
with rules adopted by, and at the discretion of, the Committee. (Such payments
may include, without limitation, provisions for the payment or crediting of
reasonable interest on installments or deferred payments.) The Committee, in its
discretion, may accelerate any payment or transfer upon a change in control as
defined by the Committee. The Committee may also authorize payment upon the
exercise of an Option by net issuance or other cashless exercise methods.

      (f) Loan Provisions. With the consent of the Committee, and subject at all
times to laws and regulations and other binding obligations or provisions
applicable to the Company, the Company may make, guarantee, or arrange for a
loan or loans to a Participant with respect to the exercise of any Option or
other payment in connection with any Award, including the payment by a
Participant of any or all federal, state, or local income or other taxes due in
connection with any Award. Subject to such limitations, the Committee shall have
full authority to decide whether to make a loan or loans hereunder and to
determine the amount, terms, and provisions of any such loan or loans, including
the interest rate to be charged in respect of any such loan or loans, whether
the loan or loans are to be with or without recourse against the borrower, the
terms on which the loan is to be repaid and the conditions, if any, under which
the loan or loans may be forgiven.
<PAGE>

      (g) Awards to Comply with Section 162(m). The Committee may (but is not
required to) grant an Award pursuant to the Plan to a Participant who, in the
year of grant, may be a "covered employee," within the meaning of Section 162(m)
of the Code, which is intended to qualify as "performance-based compensation"
under Section 162(m) of the Code (a "Performance-Based Award"). The right to
receive a Performance-Based Award, other than Options and SARs granted at not
less than Fair Market Value, shall be conditional upon the achievement of
performance goals established by the Committee in writing at the time such
Performance-Based Award is granted. Such performance goals, which may vary from
Participant to Participant and Performance-Based Award to Performance-Based
Award, shall be based upon the attainment by the Company or any Subsidiary,
division or department of specific amounts of, or increases in, one or more of
the following, any of which may be measured either in absolute terms or as
compared to another company or companies: revenues, earnings, cash flow, net
worth, book value, stockholders' equity, financial return ratios, market
performance or total stockholder return, and/or the completion of certain
business or capital transactions. Before any compensation pursuant to a
Performance-Based Award is paid, the Committee shall certify in writing that the
performance goals applicable to the Performance-Based Award were in fact
satisfied.

            The maximum amount which may be granted as Performance-Based Awards
to any Participant in any calendar year shall not exceed (i) Stock-Based Awards
for 500,000 shares of Stock (whether payable in cash or stock), subject to
adjustment as provided in Section 8(a) hereof, (ii) 500,000 Performance Units,
(iii) a Tax Bonus payable with respect to the Stock-Based Awards described in
clause (i) and Performance Units described in clause (ii), and (iv) cash
payments (other than Tax Bonuses) of $1,000,000.

      (h) Change of Control. In the event of a Change of Control of the Company,
all Awards granted under the Plan (including Performance-Based Awards) that are
still outstanding and not yet vested or exercisable or which are subject to
restrictions shall become immediately 100% vested in each Participant or shall
be free of any restrictions, as of the first date that the definition of Change
of Control has been fulfilled, and shall be exercisable for the remaining
duration of the Award. All Awards that are exercisable as of the effective date
of the Change of Control will remain exercisable for the remaining duration of
the Award.

Section 8. Adjustments upon Changes in Capitalization; Acceleration in Certain
Events

      (a) In the event that the Committee shall determine that any stock
dividend, recapitalization, forward split or reverse split, reorganization,
merger, consolidation, spin-off, combination, repurchase or share exchange, or
other similar corporate transaction or event, affects the Stock or the book
value of the Company such that an adjustment is appropriate in order to prevent
dilution or enlargement of the rights of Participants under the Plan, then the
Committee shall, in such manner as it may deem equitable, adjust any or all of
(i) the number and kind of shares of Stock which may thereafter be issued in
connection with Awards, (ii) the number and kind of shares of Stock issuable in
respect of outstanding Awards, (iii) the aggregate number and kind of shares of
Stock available under the Plan, (iv) the number of Performance Units which may
thereafter be granted and the book value of the Company with respect to
outstanding Performance Units, and (v) the exercise price, grant price, or
purchase price relating to any Award or, if deemed appropriate, make provision
for a cash payment with respect to any outstanding Award; provided, however, in
each case, that no adjustment shall be made which would cause the Plan to
violate Section 422(b)(1) of the Code with respect to ISOs or would adversely
affect the status of a Performance-Based Award as "performance-based
compensation" under Section 162(m) of the Code.

      (b) In addition, the Committee is authorized to make adjustments in the
terms and conditions of, and the criteria included in, Awards in recognition of
unusual or nonrecurring events (including, without limitation, events described
in the preceding paragraph) affecting
<PAGE>

the Company or any Subsidiary, or in response to changes in applicable laws,
regulations, or accounting principles. Notwithstanding the foregoing, no
adjustment shall be made in any outstanding Performance-Based Awards to the
extent that such adjustment would adversely affect the status of that
Performance-Based Award as "performance-based compensation" under Section 162(m)
of the Code.

Section 9. General Provisions

      (a) Changes to the Plan and Awards. The Board of Directors of the Company
may amend, alter, suspend, discontinue, or terminate the Plan or the Committee's
authority to grant Awards under the Plan without the consent of the Company's
stockholders or Participants, except that any such amendment, alteration,
suspension, discontinuation, or termination shall be subject to the approval of
the Company's stockholders within one year after such Board action if such
stockholder approval is required by any federal or state law or regulation or
the rules of any stock exchange or automated quotation system on which the Stock
may then be listed or quoted, and the Board may otherwise, in its discretion,
determine to submit other such changes to the Plan to the stockholders for
approval; provided, however, that without the consent of an affected
Participant, no amendment, alteration, suspension, discontinuation, or
termination of the Plan may materially and adversely affect the rights of such
Participant under any Award theretofore granted and any Award Agreement relating
thereto. The Committee may waive any conditions or rights under, or amend,
alter, suspend, discontinue, or terminate, any Award theretofore granted and any
Award Agreement relating thereto; provided, however, that without the consent of
an affected Participant, no such amendment, alteration, suspension,
discontinuation, or termination of any Award may materially and adversely affect
the rights of such Participant under such Award.

            The foregoing notwithstanding, any performance condition specified
in connection with an Award shall not be deemed a fixed contractual term, but
shall remain subject to adjustment by the Committee, in its discretion at any
time in view of the Committee's assessment of the Company's strategy,
performance of comparable companies, and other circumstances, except to the
extent that any such adjustment to a performance condition would adversely
affect the status of a Performance-Based Award as "performance-based
compensation" under Section 162(m) of the Code.

            Notwithstanding the foregoing, if the Plan is ratified by the
stockholders of the Company at the Company's 2000 Annual Meeting of
Stockholders, then unless approved by the stockholders of the Company, no
amendment will: (i) change the class of persons eligible to receive Awards; (ii)
materially increase the benefits accruing to Participants under the Plan, or
(iii) increase the number of shares of Stock or the number of Performance Units
subject to the Plan.

      (b) No Right to Award or Employment. No employee or other person shall
have any claim or right to receive an Award under the Plan. Neither the Plan nor
any action taken hereunder shall be construed as giving any employee any right
to be retained in the employ of the Company or any Subsidiary.

      (c) Taxes. The Company or any Subsidiary is authorized to withhold from
any Award granted, any payment relating to an Award under the Plan, including
from a distribution of Stock or any payroll or other payment to a Participant
amounts of withholding and other taxes due in connection with any transaction
involving an Award, and to take such other action as the Committee may deem
advisable to enable the Company and Participants to satisfy obligations for the
payment of withholding taxes and other tax obligations relating to any Award.
This authority shall include authority to withhold or receive Stock or other
property and to make cash payments in respect thereof in satisfaction of a
Participant's tax obligations.
<PAGE>

      (d) Limits on Transferability; Beneficiaries. No Award or other right or
interest of a Participant under the Plan shall be pledged, encumbered, or
hypothecated to, or in favor of, or subject to any lien, obligation, or
liability of such Participants to, any party, other than the Company or any
Subsidiary, or assigned or transferred by such Participant otherwise than by
will or the laws of descent and distribution, and such Awards and rights shall
be exercisable during the lifetime of the Participant only by the Participant or
his or her guardian or legal representative. Notwithstanding the foregoing, the
Committee may, in its discretion, provide that Awards or other rights or
interests of a Participant granted pursuant to the Plan (other than an ISO) be
transferable, without consideration, to immediate family members (i.e.,
children, grandchildren or spouse), to trusts for the benefit of such immediate
family members and to partnerships in which such family members are the only
partners. The Committee may attach to such transferability feature such terms
and conditions as it deems advisable. In addition, a Participant may, in the
manner established by the Committee, designate a beneficiary (which may be a
person or a trust) to exercise the rights of the Participant, and to receive any
distribution, with respect to any Award upon the death of the Participant. A
beneficiary, guardian, legal representative or other person claiming any rights
under the Plan from or through any Participant shall be subject to all terms and
conditions of the Plan and any Award Agreement applicable to such Participant,
except as otherwise determined by the Committee, and to any additional
restrictions deemed necessary or appropriate by the Committee.

      (e) No Rights to Awards; No Stockholder Rights. No Participant shall have
any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants. No Award shall confer on any
Participant any of the rights of a stockholder of the Company unless and until
Stock is duly issued or transferred to the Participant in accordance with the
terms of the Award.

      (f) Discretion. In exercising, or declining to exercise, any grant of
authority or discretion hereunder, the Committee may consider or ignore such
factors or circumstances and may accord such weight to such factors and
circumstances as the Committee alone and in its sole judgment deems appropriate
and without regard to the affect such exercise, or declining to exercise such
grant of authority or discretion, would have upon the affected Participant, any
other Participant, any employee, the Company, any Subsidiary, any stockholder or
any other person.

      (g) Effective Date. The effective date of the Plan is July 21, 2000.

      (h) Shareholder Approval. Unless and until the Plan is approved by the
stockholders of the Company at the Company's 2000 Annual Meeting of
Stockholders, no Stock-Based Award may be granted to any officer of the Company.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00017-of-00352.parquet"}]]