Document:

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                                                                   EXHIBIT 10.29

                         MASTER DISTRIBUTION AGREEMENT

This Master Distribution Agreement is made this 13th day of December, 1999,

by and between

EndoSonics Europe B.V., De Bruyn Kopsstraat 15, 2288 EC Rijswijk, The
Netherlands ("EndoSonics"), a wholly owned subsidiary of EndoSonics Corporation,
2870 Kilgore Road, Rancho Cordova, CA 95670, USA,

and

JOMED N.V., Stravinskylaan 2001, P.O. Box 75640, 1070 AP Amsterdam, The
Netherlands, acting for and on behalf of its wholly owned subsidiaries
("Distributor").

In consideration of the mutual promises and covenants contained herein, the
parties agree as follows:

1.      DEFINITIONS

        The following terms when used in their capitalized form shall have the
following meanings:

1.1.    "Agreement" shall mean this Master Distribution Agreement, as amended,
        modified, or supplemented from time to time.

1.2.    "Catheters" shall mean any of the catheters as defined in Exhibit A.

1.3.    "Confidential Information" shall have the meaning provided in Section 14
        hereof.

1.4.    "GMP" shall mean the good manufacturing practices for medical devices
        set forth by any act, statute, or regulation of any kind governing the
        products in the Territory.

1.5.    "Minimum Purchase Commitment" shall have the meaning provided in Section
        5 hereof.

1.6.    "Products" shall mean those EndoSonics products listed in Exhibit A
        attached hereto.

1.7.    "Renewal term" shall have the meaning provided in Section 3.1 hereof.

1.8.    "System" shall mean any of the systems or system options as defined in
        Exhibit A.

1.9.    "Term" shall have the meaning provided in Section 3.1 hereof.

1.10.   "Territory" shall mean those countries listed in Exhibit B hereof.

1.11.   "Trademarks" shall mean each trademark, trade name, service marks, the
        name "EndoSonics" or any derivation thereof, brand names, signs, symbols
        or slogans now or hereafter used by EndoSonics in connection with the
        Products.

1.12.   "Wires" shall mean any of the wires as defined in Exhibit A.

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2.      APPOINTMENT; RELATIONSHIP OF PARTIES

2.1.    Appointment

        EndoSonics hereby appoints Distributor as its exclusive distributor of
        the Products in the Territory, subject to the terms of this Agreement.
        Distributor shall not distribute or otherwise promote the Products in
        any way outside the Territory, without the prior written authorization
        of EndoSonics.

        During the Term and each Renewal Term, if any, EndoSonics shall not
        appoint any other distributor for the sale, distribution or marketing of
        Products in the Territory.

        During the Term and each Renewal Term, if any, Distributor shall not
        sell or commercially promote products, incorporating intravascular
        ultrasound and/or physiological assessment technology, that compete with
        Products, nor shall Distributor represent, or provide either directly or
        indirectly marketing services to, any manufacturer or distributor in the
        Territory, that relate to such competing products.

2.2.    Exclusive Account Protection

        Following expiration or termination, other than by reason of a
        Distributor default, of this Agreement, Distributor shall retain
        exclusive rights to sell Catheters or Wires, whichever applies, to each
        end-customer account in which Distributor, during the Term, has placed a
        System other than on the basis of an outright capital equipment sale,
        and to which it retains legal title. This exclusive right shall be for
        the shorter of a period of three (3) years following the installation of
        said System or the duration of the implicit or explicit financing
        program agreed to between Distributor and end-customer, the terms of
        which shall be disclosed to EndoSonics upon Distributor's claim of
        exclusive rights under this section.

2.3.    Relationship of Parties

        The relationship of Distributor to EndoSonics hereunder shall be solely
        that of an independent contractor. Distributor and EndoSonics each
        acknowledge and agree that neither Distributor nor EndoSonics is an
        employee, employer, agent, partner, or joint venturer of the other.

        Neither Distributor nor EndoSonics shall have or hold itself as having
        the right or authority to assume or create any obligation or
        responsibility, whether express or implied, on behalf of or in the name
        of the other, except with the express written authority of the other.

3.      TERM - TERMINATION

3.1.    Term

        The term ("Term") of this Agreement shall commence the date hereof, and,
        unless terminated sooner pursuant to the provisions of Sections 3.3,
        shall terminate two (2) years from the date hereof; provided, however,
        that the parties shall meet in January 2001 to negotiate in good faith
        an extension of this Agreement for one year beyond the Term, if

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        Distributor has met its obligations under this Agreement for the
        preceding year. Following the Term, this Agreement may be extended for
        successive one-year periods (each such period, a "Renewal Term") upon
        the mutual written consent of the parties.

3.2.    Termination of Distribution Rights by Geographic Area

        It is understood and agreed between the parties that the distribution
        rights under this Agreement are granted to Distributor on a geographic
        area by area basis. At EndoSonics' option, the distribution rights in
        any geographic area within the Territory shall terminate upon
        Distributor's failure to meet the Minimum Purchase Commitment in said
        area subject to the provisions of Section 5. Upon such termination,
        Exhibit B of this Agreement shall be amended accordingly, and all rights
        granted by EndoSonics to Distributor within this geographic area shall
        cease immediately.

3.3.    Termination of Entire Agreement

        This Agreement shall terminate in its entirety upon the happening of any
        of the following events:

        (a)    either party's failure to cure the breach of any material term,
               covenant, or condition of this Agreement within 30 days after the
               breaching party receives notice of such breach;

        (b)    immediately upon written notice to one party upon the change in
               the structure or organization of the other party including,
               without limitation, the acquisition or merger of the other party;

        (c)    immediately upon either parties' cessation to function as a going
               concern; or

        (d)    immediately upon either parties' dissolution, liquidation,
               insolvency, bankruptcy, assignment for the benefit of creditors
               or admission in writing of its inability to pay its debts as they
               mature.

3.4.    Obligations upon Termination or Expiration

        On termination or expiration of this Agreement by either party for any
        reason:

        (a)    All rights granted by EndoSonics to Distributor shall cease
               immediately, except that EndoSonics, at its sole discretion, may
               permit Distributor to sell any Products for which it has paid
               full list price for a period of three (3) months following such
               termination or expiration, for the sole purpose of depleting its
               inventory of Products. If Distributor has not sold its remaining
               inventory of Products at the end of said three-month period,
               EndoSonics, at its sole discretion, may extend such three month
               period for an additional three months. If EndoSonics refuses to
               extend such three month period, EndoSonics shall purchase all of
               Distributor's remaining inventory of Products at fair market
               value, provided that none of the remaining inventory being
               purchased by EndoSonics shall have been used, removed from its
               original packaging or carry an expired sterilization date;

        (b)    Provided that the Agreement is not terminated as a result of
               Distributor's breach, EndoSonics shall fulfill any unexecuted
               orders placed by the Distributor prior to such

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               termination or expiration subject to advance payment, and
               provided that Distributor shows official written documentation of
               pending orders from its customers;

        (c)    Distributor shall promptly pay all outstanding invoices, if any,
               for Products shipped by EndoSonics prior to such termination or
               expiration;

        (d)    Distributor shall forthwith return to EndoSonics or otherwise
               dispose of as EndoSonics may direct, all promotional literature,
               manuals, catalogues, instruction sheets, diagrams and other typed
               or printed matter relating to the Products or to the business of
               EndoSonics and all copies thereof in the possession or under the
               control of the Distributor;

        (e)    Distributor shall not claim, nor have the right to claim any
               compensation or indemnity whatsoever for surrendering the
               representation of the Products, the customers or the goodwill it
               has acquired for the Products or for any other or similar reason,
               regardless of which party terminates the Agreement or for what
               reasons.

4.      SALES OF PRODUCTS TO DISTRIBUTOR

4.1.    Price

        Prices to Distributor for Products shall be those set forth in the price
        list attached in Exhibit A. EndoSonics shall provide at least 60 days
        prior written notice of changes in said price list. Price changes shall
        not affect unfulfilled purchase orders accepted by EndoSonics prior to
        the effective date of such changes.

4.2.    Purchase Orders

        Purchase orders for Products by Distributor shall be placed with
        EndoSonics on a monthly basis, on or before the 10th of the month in
        which Product shipment is requested. Purchase orders shall include a
        specification of unit quantities by Product model, broken down by
        geographic area as defined in Exhibit B hereof. Purchase order
        quantities for any month shall conform to forecast as specified in
        Section 6.4.

        All orders for Products by Distributor shall be initiated by a written
        purchase order sent to EndoSonics and requesting a delivery date,
        provided, however, that an order may initially be placed orally. No
        order shall be binding upon EndoSonics until accepted by EndoSonics in
        writing, and EndoSonics shall have no liability to Distributor with
        respect to purchase orders that are not accepted. EndoSonics shall use
        commercially reasonable efforts to deliver Products at the times
        specified in its written acceptance of Distributor's purchase orders.

4.3.    Shipments

        (a)    Systems: All EndoSonics systems delivered pursuant to the terms
               of this Agreement shall be suitably packed for air freight
               shipment in EndoSonics' standard shipping crates, marked for
               shipment to Distributor's distribution center, and delivered to
               Distributor or its carrier agent ex-works Rancho Cordova,
               California, USA.

        (b)    Catheters and Wires: All Catheters and Wires delivered pursuant
               to the terms of this Agreement shall be suitably packed for
               airfreight shipment in EndoSonics standard shipping boxes, marked
               for shipment to Distributor's distribution center set forth

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               above, and delivered to Distributor or its carrier agent ex-works
               Rijswijk, The Netherlands.

        (c)    Partial shipments: Unless specifically disallowed by Distributor,
               EndoSonics may make deliveries of shipments in installments. Such
               partial shipments shall be billed upon shipment by EndoSonics.

        (d)    Choice of carrier: Unless otherwise instructed in writing by
               Distributor, EndoSonics shall select the carrier. All freight,
               insurance, and other shipping expenses, as well as any special
               packing expense, shall be paid by Distributor. Distributor shall
               also bear all applicable taxes, duties, and similar charges that
               may be assessed against the Products after delivery to
               Distributor or its carrier ex works Rancho Cordova, USA or
               Rijswijk, The Netherlands, whichever applies.

4.4.    Payment Terms

        EndoSonics shall submit an invoice to Distributor upon shipment of all
        Products ordered by Distributor. The invoice shall cover Distributor's
        Purchase Price for the Products plus any freight, value-added, sales or
        other taxes, duties and other applicable costs initially paid by
        EndoSonics but to be borne by Distributor. Payment shall be made by wire
        transfer, check or other instrument approved by EndoSonics, within 60
        days net, 30 days -1% discount, from the date of each invoice. No part
        of any amount payable to EndoSonics hereunder may be reduced due to any
        counterclaim, set-off, adjustment or other right which Distributor might
        have against EndoSonics, any other party or otherwise.

        EndoSonics, at its sole discretion, reserves the right to limit the
        amount of credit it may extend to Distributor, to require full or
        partial payment in advance, or to revoke any credit previously extended,
        if, in EndoSonics' judgment, Distributor's financial condition does not
        warrant proceeding on the terms specified.

4.5.    Payment Currency

        All payments to be made by either party hereunder shall be made in
        United States Dollars, or such other currency as the parties may agree
        upon. In the event another currency is so agreed upon, then the amount
        to be paid shall be calculated using the New York foreign exchange
        selling rate for that other currency for the business day preceding the
        invoice date as published in the Wall Street Journal.

4.6.    Rejection of Products

        Distributor shall inspect all Products promptly within 20 days of
        receipt. Distributor shall reject any Products in which the integrity of
        product sterility has been violated. Upon product rejection or product
        failure, Distributor shall notify EndoSonics and request a Returned
        Goods Authorization ("RGA") number. Only upon receipt of an RGA number,
        Distributor shall return to EndoSonics the rejected or failed Products,
        freight prepaid, in its original shipping carton with the RGA number
        displayed on the outside of the carton. Upon receipt of failed Products,
        EndoSonics will test such Products for failure analysis. If specific
        failure is observed, EndoSonics will, at its expense, replace failed
        Products with the same or substantially the same Products of equal
        value.

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4.7.    Product modifications/obsolescence

        EndoSonics reserves the right to change its Products and/or its
        specifications or to discontinue the manufacture of one or more of the
        Products, without payment or compensation to Distributor, provided that
        at least sixty (60) days written notice for Catheters and Wires, and at
        least one hundred twenty (120) days written notice for Systems, is given
        to Distributor in case of a Product and/or specification change, and at
        least one hundred twenty (120) days written notice for Catheters and
        Wires, and at least one hundred eighty (180) days written notice for
        Systems, is given to Distributor in case of a Product discontinuation.
        EndoSonics agrees to supply sufficient quantities of spare parts of any
        discontinued product to cover customer orders and/or tenders applied for
        by Distributor prior to the notice of a discontinued product.

5.      MINIMUM PURCHASE COMMITMENT

        During the Term, Distributor shall purchase an annual minimum amount,
        with reasonable Quarterly allocation, of Products (the "Minimum Purchase
        Commitment") for each of the geographic areas as stipulated in the
        individual schedules included under Exhibit C. If Distributor fails to
        meet the Minimum Purchase Commitment in any of the geographic areas, the
        parties shall jointly decide on corrective actions to be undertaken in
        each such area, and shall agree on a reasonable Minimum Purchase
        Commitment for the ensuing 6 months. If Distributor fails to meet said
        agreed upon 6-month Minimum Purchase Commitment, this shall constitute a
        material breach and basis for termination of distribution rights under
        Section 3.2, unless the sale of Products in such geographic area of the
        Territory is restricted by regulatory authority having jurisdiction over
        Products, or EndoSonics is unable to deliver Products by agreed upon
        delivery dates.

        For the purposes of this provision, a "purchase" of Products within the
        time period set forth in Exhibit C shall mean EndoSonics' shipment of
        such Products on or before the last day of each of such time periods.

6.      ADDITIONAL OBLIGATIONS OF DISTRIBUTOR

6.1.    Promotion of the Products

        In addition to meeting the Minimum Purchase Commitment, Distributor
        shall use its best efforts to promote the sale of the Products within
        the Territory, to develop a market for the Products and to enhance the
        Company's image in the marketplace as a provider of quality medical
        devices. Distributor's obligations shall include, but not be limited to,
        preparing promotional materials in appropriate languages for the
        Territory, advertising the Products in trade publications within the
        Territory, participating in and featuring the Products at appropriate
        trade shows, and directly soliciting orders from customers for the
        Product.

6.2.    Market Analysis

        Upon execution of this Agreement and within 30 days prior to the
        beginning of each calendar year thereafter, Distributor shall provide
        EndoSonics with an analysis of market changes and trends, competition
        and an assessment of customer requirements for the Products, and
        Distributor and EndoSonics shall mutually agree in writing on the sales
        promotion activities and performance criteria to be met by Distributor
        for the year.

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6.3.    Finances and Personnel

        Distributor shall devote sufficient financial resources, technically
        qualified sales representatives and clinical personnel to market and
        sell the Products, in accordance with its obligations hereunder.
        Additionally, distributor shall provide adequate training to physicians
        and nursing staff to assist them in the proper use of the Products.
        Distributor shall provide adequate contact with existing and potential
        customers within the Territory on a regular basis, consistent with good
        business practice.

6.4.    Forecasts

        Upon execution of this Agreement, and prior to the 15th of each month
        thereafter, Distributor shall provide EndoSonics with a 6-month rolling
        forecast in written or electronic form, showing prospective orders by
        Product and intended submittal date for each geographic area in the
        Territory. The rolling forecast shall be updated monthly by Distributor.

        All forecasts shall be good faith estimates of Distributors'
        requirements; provided, however, that Distributor shall be obligated to
        purchase 100% (on a unit basis) of the Product quantity specified for
        the initial month of each such forecast. In addition, the initial month
        of Distributors' subsequent, monthly updated, rolling forecast shall not
        deviate by more than 25% of the previous forecast for that same month.

6.5.    Product Disposition by Distributor

        Distributor shall provide EndoSonics with a monthly specification of all
        Product shipments to its subsidiaries, agents, or representatives,
        broken down by geographic area as defined in Exhibit B hereof, to enable
        EndoSonics to track Distributor's performance by geographic area under
        this Agreement. Said specifications shall be provided, in written or
        electronic form, on or before the 15th of each month, showing Product
        shipments for the immediately preceding month.

6.6.    Meetings

        Distributor shall periodically make arrangements for EndoSonics'
        representatives to conduct sales meetings with Distributor's sales force
        in the Territory. EndoSonics and Distributor shall mutually agree on the
        date, time and location of such meetings.

6.7.    Inventory

        Distributor shall, at its own expense, maintain sufficient inventory of
        the Products, including inventory for demonstration purposes to fulfill
        its commitments under this Agreement.

6.8.    Representations

        Distributor shall not make any false or misleading representations to
        customers or others regarding EndoSonics or the Products. Distributor
        shall not make any representations, warranties or guarantees with
        respect to the specifications, features or capabilities of the Products
        that are not consistent with EndoSonics' documentation accompanying the
        Products or EndoSonics' literature describing the Products, including
        the limited warranty and disclaimers.

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6.9.    Import and Export Requirements

        Distributor shall, at its own expense, pay for all import and export
        licenses and permits, pay customs charges and duty fees, and take all
        other actions required to accomplish the export and import of the
        Products purchased by Distributor.

        Distributor acknowledges that EndoSonics is subject to regulation by
        agencies of the US and other governments, including the US Department of
        Commerce, which prohibit export or diversion of certain technical
        products to certain countries. Distributor agrees to comply with all
        export laws and restrictions and regulations of the US Department of
        Commerce or other United States or foreign agency or authority, and not
        to export, or allow the export or re-export of, any Proprietary
        Information or Products or any direct product thereof in violation of
        any such restrictions, laws or regulations.

7.      ADDITIONAL OBLIGATIONS OF ENDOSONICS

7.1.    Product and Marketing Materials

        EndoSonics, at its expense, shall promptly provide Distributor with
        reasonable amounts of printed commercial and technical data and
        information and other publications which EndoSonics may have available
        from time to time.

7.2.    Territorial Inquiries

        EndoSonics shall refer to Distributor all customer leads and any
        correspondence or inquiries related to selling, marketing, or servicing
        of Products in the Territory which EndoSonics may receive while this
        Agreement is in effect. Similarly, Distributor shall promptly refer to
        EndoSonics any such customer leads, correspondence or inquiries outside
        the Territory.

7.3.    Distributor and Customer Support

        EndoSonics shall provide a reasonable level of product application and
        technical support to Distributor. EndoSonics may, at its own discretion
        and expense, choose to send a representative to visit customers and
        prospects in the Distributor's Territory, and Distributor agrees to
        allow access and give support to perform such tasks, provided that such
        visits are coordinated with Distributor. Any product application support
        provided by EndoSonics such as application specialist's visits to
        Distributor's Territory will not be invoiced to the Distributor unless
        specifically requested by Distributor.

8.      SERVICE AND MAINTENANCE, WARRANTY AND INSTALLATION

8.1.    Systems Warranty and Service and Maintenance Agreements

        EndoSonics shall make available to purchasers of the Systems its
        standard warranty as stipulated in Exhibit D. Such warranty for the
        first year after delivery shall be included in the purchase price of the
        Systems. EndoSonics shall make an annual extended service and
        maintenance agreement available, substantially in the form set forth in
        Exhibit E, exclusively through Distributor in the Territory as from the
        first year after delivery of the Systems. Distributor shall purchase
        such annual service and maintenance agreement for each of the Systems to
        which it retains title in the Territory at a cost set forth in Exhibit
        A.

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8.2.    Systems Service and Maintenance

        EndoSonics shall be solely responsible within the Territory for the
        service, repair and maintenance of all Systems, including dispatching
        calls and providing Distributor reports from time to time. Upon
        termination of this Agreement for any reason whatsoever, EndoSonics
        shall take such steps as are necessary to guarantee on-going service,
        repair and maintenance of the systems installed through Distributor to
        end customers. Distributor or the end-customers of Distributor shall
        bear the cost of all service, repairs and maintenance performed that is
        not covered under warranty or an annual service and maintenance
        agreement.

8.3.    Catheter and Wire Warranty

        EndoSonics shall provide Product warranty for its Catheters and Wires as
        stipulated in Exhibit D.

8.4.    Systems Installation

        EndoSonics shall support Distributor with the installation of the
        Systems at the location of the end-user. Such installation shall include
        the training of customers with respect to the Products sold. Distributor
        shall be responsible for all reasonable travel expenses and related
        disbursements incurred by EndoSonics in connection with said
        installations.

9.      MAINTENANCE OF RECORDS/PRODUCT RECALLS

9.1.    Maintenance of Records

        Distributor and EndoSonics shall, in compliance with applicable law,
        including GMP's, maintain accurate records regarding the Products
        including, without limitation, records of direct sales of Products to
        third parties, lot numbers, serial numbers, and other manufacturing
        documentation necessary to ensure traceability of Products. The parties
        shall retain these records pursuant to the GMP's and applicable law.

9.2.    Product Recalls

        In the event of any recall of Products, either voluntary or otherwise,
        Distributor shall cooperate with and assist EndoSonics in locating and
        retrieving such recalled Products, as requested by EndoSonics and at
        EndoSonics' expense.

10.     COMPLAINTS AND RETURNS/REGULATORY REPORTING/ADVERSE IMPACT

10.1.   Complaints and Returns

        Distributor shall, as soon as reasonably practicable, notify, document
        and forward to EndoSonics all customer complaints and any Products
        returned in connection therewith. EndoSonics shall respond to
        Distributor within ten business days of receipt of a complaint and
        Distributor shall report EndoSonics' findings to customers, if
        applicable. EndoSonics shall work diligently to resolve all customer
        complaints.

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10.2.   Regulatory Reporting and Analysis of returned Products

        EndoSonics shall file, or cause to be filed, all reports required of a
        manufacturer pursuant to the applicable medical device reporting
        regulations. EndoSonics, as the manufacturer of the Products, shall
        perform all failure analysis on the Product within 30 days of receipt of
        each failed Product and shall file all reports required with the
        applicable regulatory agency. EndoSonics shall further cooperate with
        and assist Distributor in submitting all reports that Distributor may be
        required to file. Distributor shall promptly provide EndoSonics with
        copies of all such reports.

10.3.   Adverse Impact on the Products

        Each party shall notify the other party's Regulatory Affairs and Quality
        Assurance Officer or other designee as soon as reasonably practicable of
        all actions or anticipated actions by any regulatory authority, that
        could adversely affect the manufacture, marketing, distribution or sale
        of the Product. Each party shall promptly provide copies to the other
        party of all reports, citations, violations, warnings and deficiencies
        received by such party in connection with the Products.

11.     GOVERNMENT APPROVALS/REGISTRATION SUPPORT

11.1.   Government Approvals

        Distributor shall obtain all required government approvals or
        registrations, if any, prior to the sale of any Product in the
        Territory. All approvals and registrations shall be obtained under
        EndoSonics' name, and EndoSonics and Distributor shall equally share in
        the cost involved. In case of necessary adaptation or modification of
        Products due to local requirements, the parties will assist each other
        and will agree upon whether to conduct such adaptations or modifications
        at EndoSonics' or Distributor's facilities.

        Upon termination of this Agreement for any reason, Distributor shall
        take all necessary steps to transfer any government approvals for
        Products to EndoSonics or EndoSonics' nominee (or if such transfer is
        not permitted, to cooperate in the cancellation of Distributor's
        government approvals and the re-issuance thereof to EndoSonics or
        EndoSonics' nominee). Distributor shall promptly return to EndoSonics
        all data and information relating to Product and make no further use
        thereof.

11.2.   Registration Support

        EndoSonics shall assist Distributor in registering the Products in the
        Territory by providing Distributor with:

        (a)    materials in EndoSonics' possession necessary to obtain health
               registrations and marketing approvals, licenses and permits;

        (b)    certificates of analysis, export and compliance;

        (c)    trademark authorizations; and

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        (d)    such other information as Distributor shall reasonably request
               from time to time.

12.     TRADEMARKS AND PROTECTION OF PROPRIETARY RIGHTS

12.1.   Registration of Trademarks

        EndoSonics shall, at its expense, use reasonable efforts to protect and
        maintain all registrations, filings and issuance of its Trademarks in
        full force and effect.

12.2.   Title

        The proprietary rights of EndoSonics in and to Trademarks and any items
        related thereto are protected by the law of copyright, trademark, trade
        secrets and unfair competition. Distributor shall have no proprietary
        interest whatsoever in the Trademarks.

12.3.   Notification of Infringement

        Distributor shall promptly notify EndoSonics of any infringement, of
        which Distributor has knowledge, of the proprietary rights of EndoSonics
        in and to the Products or the Trademarks in the Territory and shall
        cooperate with EndoSonics in any action by EndoSonics to investigate or
        remedy any such infringement. All costs and expenses of investigating
        and remedying any such infringement shall be borne by EndoSonics.

12.4.   Use of Trademarks

        EndoSonics hereby grants to Distributor a non-exclusive license to use
        the Trademarks for the purpose of identifying and marketing the Products
        in the Territory. Any use of the Trademarks will be in accordance with
        such instructions as EndoSonics may give Distributor from time to time.
        Except for its affiliated companies, subdistributors and agents,
        Distributor shall not grant any sub-licenses to use the Trademarks to
        any Person, agent or other party without the prior written consent of
        EndoSonics in each instance.

        Upon the expiration or termination of this Agreement, the non-exclusive
        license granted hereunder to Distributor shall expire and Distributor
        shall immediately cease using the Trademarks.

12.5.   Quality Control

        In order to comply with EndoSonics quality control standards,
        Distributor shall (a) use the Trademarks in compliance with all relevant
        laws and regulations in the Territory; (b) accord EndoSonics, after
        previous written request, the right to inspect all marketing and
        promotional materials in Distributor's possession containing the
        Trademarks in order to confirm that Distributor's use of such Trademarks
        is in compliance with this Agreement; and (c) not modify any of the
        Trademarks in any way and not use any of the Trademarks on any goods or
        services other than the Products or in connection therewith. In the
        event EndoSonics has a good faith and substantial reason to believe that
        Distributor is not complying with this provision, EndoSonics may, within
        30 days of a written notification to Distributor stating and justifying
        the reasons, suspend Distributor's right to use the Trademarks until
        such time as Distributor gives EndoSonics adequate assurances that it
        has taken corrective measures and that it will thereafter comply with
        this provision.

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12.6.   Limitation of Distributor's Rights and Software License

        Distributor shall have no access to or rights in the source codes of any
        software included in the Products. Distributor shall have no right to
        copy, modify or re-manufacture any Product or part thereof and shall
        comply with the confidentiality obligations under Section 14.

        For each System sold, EndoSonics licenses Distributor and its end
        customer with a one-time paid in full perpetual license to use the
        EndoSonics software and related updates and releases on the specific
        System sold.

13.     INDEMNIFICATION

13.1.   Indemnification by Distributor

        Except with respect to any of the following that arises from gross
        negligence or willful misconduct of EndoSonics or its agents and subject
        to Section 13.3 Distributor shall indemnify, defend and hold harmless
        EndoSonics, its directors, officers, employees, representatives and
        agents from and against any and all claims, suits, losses, damages,
        costs, fees and expenses (including reasonable attorney's fees), and
        other liabilities asserted by parties, both governmental and
        non-governmental, resulting from or arising out of (a) any
        misrepresentation of Distributor contained herein or breach of any
        warranty made by Distributor; (b) any breach, violation or
        non-performance of any covenant, condition or agreement in this
        Agreement by Distributor; and (c) the material inaccuracy of any
        representation or warranty of the Products made by Distributor.

13.2.   Indemnification by EndoSonics

        Except with respect to any of the following that arises from the gross
        negligence or willful misconduct of Distributor or its agents and
        subject to Section 13.3, EndoSonics shall indemnify, defend and hold
        harmless Distributor, its directors, officers, employees,
        representatives and agents from and against any and all claims, suits,
        losses, damages, costs, fees and expenses (including reasonable
        attorneys' fees), and other liabilities asserted by third parties, both
        governmental and nongovernmental, resulting from or arising out of (a)
        any misrepresentation of EndoSonics contained herein or breach of any
        warranty or guaranty made by EndoSonics, (b) any breach, violation or
        nonperformance of any covenant, condition or agreement in this Agreement
        by EndoSonics, (c) the design of the Products, (d) any injury to any
        property or person arising in connection with the design, manufacture,
        use or application of the Products, (e) any infringement or alleged
        infringement of the Products on any product, device, method, process,
        trade name, trademark or patent, and (f) any and all taxes, fees, fines,
        penalties, assessments, charges, expenses or other governmental levies
        assessed on the Products which are not attributable to Distributor's
        acts or omissions.

13.3.   Limitations to Indemnity

        The indemnities of Sections 13.1 and 13.2 shall not apply (a) if the
        indemnified party fails to give the indemnifying party prompt notice of
        any claim it receives and such failure materially prejudices the
        indemnifying party, or (b) unless the indemnifying party is given the
        opportunity to approve any settlement. Furthermore, the indemnifying
        party shall not be liable for attorneys' fees or expenses of litigation
        of the indemnified party unless the indemnified party gives the
        indemnifying party the opportunity to assume control of

                                      -12-
<PAGE>   13
        the defense or settlement. In addition, if the indemnifying party
        assumes such control, it shall only be responsible for the legal fees
        and litigation expenses of the attorneys it designates to assume control
        of the litigation. In no event shall the indemnifying party assume
        control of the defense of the indemnified party without the consent of
        the indemnified party (which consent shall be given or not at its sole
        discretion).

14.     CONFIDENTIALITY

        Distributor acknowledges that by reason of its relationship to
        EndoSonics hereunder it will have access to confidential or proprietary
        information ("Confidential Information"). Confidential Information shall
        include all technology, inventions, designs, processes, formulas,
        computer software, specifications, customer lists, product development
        plans, forecasts, and all other business, technical and financial
        information provided to Distributor. Distributor agrees that it will not
        use in any way for its own account or the account of any third party,
        nor disclose to any third party, any Confidential Information revealed
        to it by EndoSonics. Distributor shall take every reasonable precaution
        to protect the confidentiality of such information.

        Upon request by Distributor, EndoSonics shall advise whether or not it
        considers any particular information or materials to be confidential.
        Distributor shall not publish any technical description of the Products
        beyond the description published by EndoSonics (except to translate that
        description into appropriate languages for the Territory). In the event
        of termination of this Agreement, there shall be no use or disclosure by
        Distributor of Confidential Information of EndoSonics, and Distributor
        shall not manufacture or have manufactured any devices, components or
        assemblies utilizing any of EndoSonics' Confidential Information.

        The duty of confidentiality set forth herein shall not apply to
information that:

        (a)    is, at the time of disclosure, in the public domain;

        (b)    after disclosure, enters the public domain except where such
               entry is a direct result of a breach of this Agreement;

        (c)    prior to disclosure, was already known to the party receiving
               such information, as evidenced by its written records;

        (d)    subsequent to disclosure, is obtained from a third party in
               possession of such information and not under a contractual or
               fiduciary obligation to keep such information in confidence;

        (e)    is filed with any governmental or any regulatory authority and
               available to the public; or

        (f)    is disclosed pursuant to any judicial or governmental requirement
               or order.

        Distributor's duty of confidentiality set forth above shall be limited
        to the Term, each Renewal Term, if any, and 2 years from the expiration
        thereof.

                                      -13-

<PAGE>   14

15.     MISCELLANEOUS

15.1.   Notices

        All notices, requests, demands and other communications required or
        permitted to be given hereunder shall be in writing, shall be deemed to
        have been duly given when delivered in person, or when sent by telex or
        telecopy or other facsimile transmission (with the receipt confirmed),
        or on the third business day after posting thereof by registered or
        certified mail, return receipt requested, prepaid and addressed as
        follows (or such other address as the parties may designate by written
        notice in the manner of aforesaid):

        If to Distributor:

               Company:      JOMED International AB
               Address:      Drottninggatan 94
               City:         S-25221 Helsingborg
               Country:      Sweden
               Attention:    Mr. Tor Peters
               Position:     President
               Telephone:    +46-42-490.6000
               Facsimile:    +46-42-490.6001

        If to EndoSonics:

               EndoSonics Europe B.V.
               P.O. Box 1178
               2280 CD Rijswijk
               The Netherlands
               Attention:    Mr. Leo H. Vogelzang
                             Director
               Telephone:    +31-70-307.3929
               Facsimile:    +31-70-307.3922

        With a copy to:

               EndoSonics Corporation
               2870 Kilgore Road
               Rancho Cordova, CA 95670
               USA
               Attention:    Mr. Gary Wilson
                             Vice President Worldwide Sales & Marketing
               Telephone:    +1-916-861.0105
               Facsimile:    +1-916-631.9546

                                      -14-
<PAGE>   15

15.2.   Governing Law and Jurisdiction

        This Agreement shall be governed by and construed in all respects in
        accordance with the laws of the Netherlands and fall under the
        jurisdiction of the place of office of EndoSonics.

15.3.   Entire Agreement

        This Agreement sets forth the entire understanding of the parties with
        respect to the subject matter hereof. This Agreement supersedes all
        prior representations, agreements and understandings among the parties
        with respect to such subject matter.

15.4.   Amendments

        No changes or amendments or alterations to this Agreement shall be
        effective unless in writing and signed by all parties hereto.

15.5.   Remedies Cumulative

        The rights, powers and remedies set forth herein are cumulative and
        shall be in addition to any and all other rights, powers and remedies
        provided by law. The exercise of any right or remedy hereunder shall not
        in any way constitute a cure under this Agreement, or prejudice either
        party in the exercise of any of its rights under this Agreement or law.

15.6.   Non-Assignment

        This Agreement may not be assigned by either party without the prior
        written consent of the other party.

15.7.   Force Majeure

        Non-performance of either party shall be excused (except for payment of
        moneys and confidentiality) to the extent that performance is rendered
        impossible by strike, fire, flood, governmental acts or orders or
        restrictions, failure of suppliers, or any other reason where failure to
        perform is beyond the reasonable control of and is not caused by the
        negligence of the non-performing party.

15.8.   Legal Expenses

        The prevailing party in any legal action brought by one party against
        the other arising out of this Agreement shall be entitled, in addition
        to any other rights and remedies it may have, to reimbursement for its
        expenses, including court costs and reasonable attorney's fees.

15.9.   Survival of Certain Terms

        The provisions of Sections 3.4, 8.2, 8.3, 9,10.2, 10.3, and 14 shall
        survive the termination of this Agreement for any reason. All other
        rights and obligations of the parties shall cease upon termination of
        this Agreement.

15.10.  Waiver

        No waiver of any default in the performance of any of the duties or
        obligations arising out of this Agreement shall be valid unless in
        writing and signed by the waiving party. Waiver of any one default shall
        not constitute or be construed as creating waiver of any other default
        or defaults. No course of dealing between the parties shall operate as a
        waiver or preclude the exercise of any rights or remedies under this
        Agreement.
        Failure on the part of either party to object to any act or failure to
        act of the other party, or declare the other party in default,
        regardless of the extent of such default, shall not constitute a waiver
        by the party of its rights hereunder.

15.11.  Severability

        If any provision of this Agreement shall be held to be unenforceable in
        whole or in part, then

                                      -15-

<PAGE>   16

        the invalidity of such provision shall not be held to invalidate any
        other provision herein and all other provisions shall remain in full
        force and effect.

15.12.  Counterparts

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

IN WITNESS WHEREOF, this Agreement has been executed by both parties as of the
date first written above.

EndoSonics Europe B.V.                       Distributor

Signature:                                   Signature:
          -------------------------                    -------------------------
Name:     Mr. L.H. Vogelzang                 Name:     Mr. T. Peters
Title:    Director                           Title:    President

Date:                                        Date:
          -------------------------                    -------------------------

                                      -16-
<PAGE>   17

                                    EXHIBIT A

                  ENDOSONICS/CARDIOMETRICS PRODUCTS AND PRICES

ENDOSONICS SYSTEMS, SYSTEM OPTIONS AND ACCESSORIES:

                                      [ * ]

ENDOSONICS CATHETERS:

                                      [ * ]

[ * ]   Confidential Treatment Requested. Confidential portion has been filed
        separately with the Securities and Exchange Commission.

                                      -17-

<PAGE>   18

            ENDOSONICS/CARDIOMETRICS PRODUCTS AND PRICES (continued)

CARDIOMETRICS SYSTEMS AND ACCESSORIES:

                                      [ * ]

CARDIOMETRICS FLOWIRE(R) DOPPLER GUIDE WIRES:

                                      [ * ]

CARDIOMETRICS WAVEWIRE(TM) PRESSURE GUIDE WIRES:

                                      [ * ]

USAGE DISCOUNTS AVAILABLE

                      [ * ]

All Products sales are ex-works Rijswijk, The Netherlands, except the Oracle(R)
In-Vision(TM) Imaging System, FloMap(R) I and II Systems, and WaveMap(R) System
which are ex-works Rancho Cordova, California, USA.

[ * ]   Confidential Treatment Requested. Confidential portion has been filed
        separately with the Securities and Exchange Commission.

                                      -18-

<PAGE>   19

                                    EXHIBIT B

                     DISTRIBUTION RIGHTS BY GEOGRAPHIC AREA

Territory

-  Baltic States (Estonia, Latvia, Lithuania)

-  East Block, excluding Poland, Czech Republic, Slovakia, Bosnia and Croatia

-  Israel

-  Italy

-  Middle East (Lebanon, Northern Africa, Syria, Jordan, Saudi Arabia, Kuwait,
   Qatar, Bahrain, United Arab Emirates, Oman, Egypt)

-  Nordic (Sweden, Norway, Denmark, Finland, Iceland)

-  Russia

-  South Africa

-  Switzerland

-  Turkey

-  United Kingdom

                                      -19-

<PAGE>   20

                                    EXHIBIT C

                           MINIMUM PURCHASE COMMITMENT

                                      [ * ]

[ * ]   Confidential Treatment Requested. Confidential portion has been filed
        separately with the Securities and Exchange Commission.

                                      -20-
<PAGE>   21

                                    EXHIBIT D

                                    WARRANTY

1.      SYSTEMS LIMITED WARRANTY

        NOTICE: EndoSonics reserves the right to make changes in its products in
        order to improve design or performance.

        Subject to the conditions and limitations on liability stated herein,
        EndoSonics warrants that Systems as so delivered shall materially
        conform to EndoSonics' then current specifications for Systems, for a
        period of one year from the date of delivery. ANY LIABILITY OF
        ENDOSONICS WITH RESPECT TO THE SYSTEM OR THE PERFORMANCE THEREOF UNDER
        ANY WARRANTY, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY WILL BE
        LIMITED EXCLUSIVELY TO SYSTEM REPAIR, REPLACEMENT OR, IF REPLACEMENT IS
        INADEQUATE AS A REMEDY OR, IN ENDOSONICS' OPINION IMPRACTICAL, TO REFUND
        THE PRICE PAID FOR THE SYSTEM. EXCEPT FOR THE FOREGOING, THE SYSTEM IS
        PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED,
        INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF FITNESS, MERCHANTABILITY,
        FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. FURTHER,
        ENDOSONICS DOES NOT WARRANT, GUARANTEE, OR MAKE ANY REPRESENTATIONS
        REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE SYSTEM OR WRITTEN
        MATERIALS IN TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, OR OTHERWISE.

        Distributor understands that EndoSonics is not responsible for and will
        have no liability for any items or any services provided by any persons
        other than EndoSonics' authorized personnel. EndoSonics shall have no
        liability for delays or failures beyond its reasonable control.

        The happening of any one or more of the following events will void the
        warranty:

        1 - Defects due to negligence, alteration, modification, installation
            or repair by anyone other than EndoSonics authorized personnel, or a
            representative of Distributor authorized by EndoSonics to repair the
            material.

        2 - Abuse or misuse by end customer.

        3 - Attempted or actual dismantling, disassembling, service or repair
            in a procedure not specifically authorized by EndoSonics.

        4 - Operating the System in a manner that is not in conformance with
            purchase specifications and specifications contained in the
            Operator's manual, and/or supplements.

        5 - Maintenance of the System which is not in accordance with
            procedures in the Operator's manual, and/or supplements.

        6 - Repair, alteration or modification of the System in any way other
            than by EndoSonics` authorized personnel, or without EndoSonics'
            authorization.

                                      -21-
<PAGE>   22

        If claims under this warranty become necessary, and the System or
        components of the System are to be returned, Distributor shall contact
        EndoSonics for instructions and issuance of a Returned Materials
        Authorization number. The System or components will not be accepted for
        warranty purposes unless the return has been authorized by EndoSonics.

        System parts or components repaired or replaced under warranty bear the
        same warranty expiration date as the original equipment. Consumable
        parts (including, but not limited to rechargeable batteries, etc.) are
        warranted only against defects in materials and workmanship. System
        parts purchased outside the original warranty period are warranted for a
        period of 90 days, subject to all of the restrictions contained in this
        Limited Warranty. Use of unauthorized replacement parts may void the
        warranty. In all cases, EndoSonics will be the sole judge as to what
        constitutes warrantable damage.

2.      CATHETERS AND WIRES LIMITED WARRANTY

        Subject to the conditions and limitations on liability stated herein,
        EndoSonics warrants that catheters and wires, as so delivered, shall
        materially conform to EndoSonics' then current specifications for these
        catheters or wires upon receipt. ANY LIABILITY OF ENDOSONICS, WITH
        RESPECT TO CATHETERS OR WIRES OR THE PERFORMANCE THEREOF UNDER ANY
        WARRANTY, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY, WILL BE LIMITED
        EXCLUSIVELY TO CATHETER OR WIRE REPLACEMENT OR, IF REPLACEMENT IS
        INADEQUATE AS A REMEDY OR, IN ENDOSONICS' OPINION IMPRACTICAL, TO REFUND
        THE PRICE PAID FOR THE CATHETER OR WIRE. EXCEPT FOR THE FOREGOING,
        CATHETERS AND WIRES ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND,
        EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF
        FITNESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR
        NON-INFRINGEMENT. FURTHER, ENDOSONICS DOES NOT WARRANT, GUARANTEE, OR
        MAKE ANY REPRESENTATIONS REGARDING THE USE, OR THE RESULTS OF THE USE,
        OF CATHETERS OR WIRES OR WRITTEN MATERIALS IN TERMS OF CORRECTNESS,
        ACCURACY, RELIABILITY, OR OTHERWISE.

        Distributor understands that EndoSonics is not responsible for and will
        have no liability for any items or any services provided by any persons
        other than EndoSonics' authorized personnel. EndoSonics shall have no
        liability for delays or failures beyond its reasonable control.

        Additionally, this warranty does not apply if:

        1.  A catheter or wire is used in a manner other than described by
            EndoSonics in the Directions for Use supplied with the catheter or
            wire.

        2.  A catheter or wire is used in a manner that is not in conformance
            with purchase specifications or specifications contained in the
            Directions for Use.

        3.  A catheter or wire is re-used or re-sterilized.

        4.  A catheter or wire carries an expired sterilization date.

        5.  A catheter or wire is repaired, altered or modified in any way by
            personnel other than EndoSonics authorized personnel, or without
            EndoSonics' authorization.

                                      -22-

<PAGE>   23
        All catheters and wires shall be inspected for obvious damage upon
        arrival. If catheters or wires have been damaged in transit, EndoSonics
        must be notified within 72 hours.

        If claims under this warranty become necessary, contact EndoSonics for
        instructions and issuance of a Returned Goods Authorization number, if a
        catheter or wire is to be returned. Catheters or wires will not be
        accepted for warranty purposes unless the return has been authorized by
        EndoSonics.

        IN NO EVENT SHALL ENDOSONICS BE LIABLE FOR ANY INCIDENTAL OR
        CONSEQUENTIAL DAMAGES DUE TO ANY CAUSE WHATSOEVER. No suit or action
        shall be brought against EndoSonics more than one year after the related
        cause of action has occurred.

        THE FOREGOING CONSTITUTES ENDOSONICS' SOLE LIABILITY AND DISTRIBUTOR'S
        SOLE REMEDY WITH RESPECT TO PRODUCTS SOLD BY ENDOSONICS.

                                      -23-
<PAGE>   24

                                    EXHIBIT E

                    ENDOSONICS EXTENDED MAINTENANCE AGREEMENT

This Extended Maintenance Agreement is made and entered into this ___________th
day of _________________, 1999, by and between EndoSonics Europe B.V., De Bruyn
Kopsstraat 15, 2288 EC Rijswijk, The Netherlands (hereinafter referred to as
"EndoSonics") and ______________________________ (hereinafter referred to as
"Customer").

The Extended Maintenance Agreement covers the following:

        Equipment:            ______________________________

        Serial no.:           ______________________________

        Period:               ______________, 1999 to ___________, 2000

CONDITIONS OF EXTENDED MAINTENANCE AGREEMENT

1.      CALL WINDOW

        8:30 A.M. to 5:00 P.M. (Central European Time) Monday through Friday
        excluding holidays.

2.      RESPONSE TIME

        48 Hour Response Time during specified call window.

3.      PAYMENT SCHEDULE

        Annually in advance.

4.      TERM

        The Extended Maintenance Agreement shall be effective when signed by
        both parties. The initial term is twelve (12) months from the
        commencement date, unless modified on the face of the contract document.

5.      AUTOMATIC RENEWAL

        At the end of each term, the Extended Maintenance Agreement shall be
        automatically renewed for twelve (12) months, unless terminated by
        either of the parties at least two (2) months prior to the expiry date.

6.      ELIGIBILITY FOR SERVICE

        The Extended Maintenance Agreement shall only be valid as long as the
        equipment covered by it is properly installed, and is serviced by
        EndoSonics authorized personnel only. EndoSonics site environmental
        conditions must be met at all times.

7.      SERVICE RESPONSIBILITIES OF ENDOSONICS

                                      -24-

<PAGE>   25

        7.1.   EndoSonics shall maintain the equipment in good condition and
               furnish service for calls received within the call window.
               Specifically, EndoSonics shall:

               A.     Provide scheduled planned maintenance and safety check one
                      (1) time per year. Planned maintenance is to be scheduled
                      two weeks in advance within the call window; excluding
                      holidays.

               B.     Provide response to requests for remedial service within
                      the call window. Requests for service outside these hours
                      will be provided on a best effort basis at an additional
                      charge.

               C.     Provide all expenses incurred by EndoSonics Technical
                      Representative including airfare, lodging, and travel time
                      fees.

               D.     Provide original parts or parts of at least equal quality.

               E.     Provide all applicable safety and reliability
                      modifications at no charge.

               F.     Provide all applicable software updates at no charge.

        7.2.   EndoSonics shall, at no additional cost to the customer, provide
               replacement equipment on loan, should EndoSonics fail to service
               or repair customer's equipment within a reasonable time period.

        7.3.   Parts not covered under this Agreement are:
               Supplies, Video Cassettes and Consumables.

8.      RESPONSIBILITIES OF CUSTOMER

        Customer shall notify EndoSonics immediately of equipment malfunction
        and allow EndoSonics full unrestricted access to all equipment and areas
        in which the equipment is commonly operated.

9.      CHARGES

        9.1.   The charge for Extended Maintenance during the initial term of
               this Agreement is US$_____________.

        9.2    Payments of service charges are due forty-five (45) days from the
               date of the invoice.

        9.3.   All service calls received outside the call window are subject to
               a four (4) hour minimum charge and any additional hours necessary
               to complete the repair are based upon the overtime rates
               prevailing at the time. EndoSonics' overtime rates are:

               (a)    one and one half (1.5) times the normal hourly rate after
                      5:00 P.M. and before 8:00 A.M. Monday through Friday and
                      all day Saturday.

               (b)    two (2) times the normal hourly rate on Sundays and
                      scheduled holidays.

        9.4.   Charges are exclusive of, and Customer is responsible for, all
               sales, use, and like taxes where applicable.

10.     The provisions of the Agreement shall be interpreted under the laws of
        The Netherlands.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
as of the day and year first above written.

AGREED TO AND ACCEPTED

Customer                                     EndoSonics Europe B.V.
Name:                                        Name:  F. van den Broek
Title:                                       Title: Service Manager
Signature:                                   Signature:

                                      -25-<PAGE>   1

                                                                   EXHIBIT 10.30

                               FIRST AMENDMENT TO
                           THE 1998 STOCK OPTION PLAN
                            OF ENDOSONICS CORPORATION

        This First Amendment to the 1998 Stock Option Plan of EndoSonics
Corporation is adopted as of June 10, 1999 by the Board of Directors (the
"Board") of EndoSonics Corporation, a Delaware corporation (the "Company").

                                    RECITALS

        WHEREAS, the Company maintains the 1998 Stock Option Plan of the
Company, effective as of June 4, 1998, (hereinafter the "Plan"); and

        WHEREAS, pursuant to Article Four, Section I of the Company Plan, the
Board may amend the Plan from time to time with the approval of the
stockholders, which approval was obtained at the Annual Meeting of Stockholders
held on June 10, 1999;

        NOW THEREFORE, BE IT RESOLVED, that the Plan be amended as follows,
effective June 10, 1999:

        1. Article One, Section V.A. shall be amended and restated in its
entirety as follows:

                A. The stock issuable under the Plan shall be shares of the
Company's authorized but unissued or reacquired Common Stock. The aggregate
number of shares which may be issued under the Plan shall not exceed 1,250,000
shares. The total number of shares issuable under the Plan shall be subject to
adjustment from time to time in accordance with the provisions of this Section V
of Article One.

        I hereby certify that the foregoing First Amendment to the Plan was duly
approved by the Board of Directors of the Company on February 8, 1999 and by the
stockholders of the Company on June 10, 1999.

                                            By /s/ Michael W. Hall
                                              ----------------------------------
                                              Secretary

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