Document:

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                                                                   Exhibit 10.12

                                     FORM OF

                               STOCK OPTION GRANT

         This Stock Option Grant (the "Option Grant") is entered into this ___
day of _______, 2000, by and between PODS, INC., a Florida corporation
("Company") and _______________________ ("Optionee").

                                    RECITALS

         A. Company has determined that it is in its best interests to arrange
to borrow $500,000 (the "Loan") from First National Bank of Florida (the
"Lender") and a requirement of such borrowing is that the Loan be personally
guaranteed by an individual acceptable to the Lender.

         B. Optionee is a Member of PODS USA, LLC, which is a Shareholder of the
Company, is acceptable to the Lender, and has agreed to personally guarantee the
Loan.

         C. In consideration of Optionee's agreement to grant his personal
guarantee of the Loan, it has been determined to be in the best interests of the
Company to pay a guarantee fee to Optionee in the form of the grant of an option
to acquire shares of stock of the Company, as set forth herein.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants of the parties, it is agreed as follows:

         1. RECITALS; EXHIBITS. The above Recitals set forth above are true and
correct and incorporated herein by reference. Any Exhibits referred to herein or
attached hereto are incorporated into this Agreement by this reference.

         2. NOTICE OF STOCK OPTION GRANT. The undersigned Optionee is hereby
granted an Option to purchase Common Stock of the Company, subject to the terms
and conditions of this Option Grant, as follows:

         Optionee:
                                             ------------------------

         Date of Grant:
                                                           , 2000
                                             -------------

         Exercise Price per Share:           $1.00

         Total Number of
         Shares Granted:
                                             ----------------------
          Type of Option:                    Non Statutory Stock Option

         Stock Option Expiration Date: The Option shall terminate ten
(10) years following the date of this Option Grant (the "term").

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         3. GRANT OF OPTION. The Company hereby grants to
__________________________, the Optionee named in the Notice of Grant, an option
(the "Option") to purchase the number of Shares (as defined in Section 11 below)
set forth in the Notice of Grant, at the exercise price per Share set forth in
the Notice of Grant (the "Exercise Price"), and subject to the terms and
conditions of this Option Grant.

         4. EXERCISE OF OPTION.

                  (a) RIGHT TO EXERCISE. This Option shall be exercisable, in
whole or in part, during its term set out in the Notice of Grant, in accordance
with the applicable provisions of this Option Grant.

                  (b) METHOD OF EXERCISE. This Option shall be exercisable by
delivery of an exercise notice in the form attached as Exhibit "A" (the
"Exercise Notice") which shall state the election to exercise the Option, the
number of Shares with respect to which the Option is being exercised, and such
other representations and agreements as may be required by the Company. The
Exercise Notice shall be accompanied by payment of the aggregate Exercise Price
as to all Exercised Shares. This Option shall be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by the
aggregate Exercise Price. No Shares shall be issued pursuant to the exercise of
an Option unless such issuance and such exercise complies with applicable laws.
Assuming such compliance, for income tax purposes the Shares shall be considered
transferred to the Optionee on the date on which the Option is exercised with
respect to such Shares.

                  (b) RESTRICTIONS ON SHARES. Issuance of Shares upon the
exercise of Option shall be conditioned upon the Optionee entering into a
Joinder Agreement whereby the Optionee agrees to be bound by the terms and
conditions of any agreement that restricts the disposition of shares of stock of
the Company, including but not limited to the Stockholders' Agreement entered
into by and among the Company and all of its shareholders dated as of December
1, 1999.

         5. OPTIONEE'S REPRESENTATIONS AT EXERCISE. In the event the Shares have
not been registered under the Securities Act of 1933, as amended, at the time
this Option is exercised, the Optionee shall, if required by the Company,
concurrently with the exercise of all or any portion of this Option, deliver to
the Company his or her Investment Representation Statement in the form attached
hereto as Exhibit "B."

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         6. METHOD OF PAYMENT. Payment of the aggregate Exercise Price shall be:

                  (a) by cash or check; or

                  (b) in the sole discretion of the Company and upon request of
the Optionee, by either of the following, or a combination thereof: (1)
consideration received by the Company under a formal cashless exercise program
adopted by the Company; or (2) surrender of other Shares which, (i) in the case
of Shares acquired upon exercise of an option, have been owned by the Optionee
for more than six (6) months on the date of surrender, and (ii) have a Fair
Market Value on the date of surrender equal to the aggregate Exercise Price of
the Exercised Shares.

         7. NON-TRANSFERABILITY OF OPTION. This Option may not be transferred in
any manner otherwise than by will or by the laws of descent or distribution and
may be exercised during the lifetime of Optionee only by Optionee. The terms of
this Option Grant shall be binding upon the executors, administrators, heirs,
successors and assigns of the Optionee.

         8. OPTIONEE'S REPRESENTATIONS. In connection with the issuance of the
Option and the Optionee's grant of his personal guarantee of the Loan, the
Optionee represents to the Company the following:

                  (a) Optionee is currently a Member of PODS USA, LLC, which is
a shareholder of the Company, is fully aware of the Company's business affairs
and financial condition and has acquired sufficient information about the
Company to reach an informed and knowledgeable decision to grant the personal
guarantee and accept the Option Grant as a guarantee fee. The Optionee has had
an opportunity to carefully review the books and records of the Company and has
relied only on the information contained therein and information otherwise
provided in writing by an authorized representative of the Company. The Optionee
and/or his advisor(s) have had a reasonable opportunity to ask questions of and
receive answers from the Company, or a person or persons acting on behalf of the
Company, concerning the terms and conditions of the Loan, the Optionee's
personal guarantee and Option Grant, and to obtain additional information, to
the extent possessed or obtainable without unreasonable effort or expense,
necessary to verify the accuracy of the information. All such questions have
been answered to the full satisfaction of the Optionee. No oral representations
have been made or oral information furnished to the Optionee or his advisor(s)
in connection with the Loan, the Optionee's personal guarantee and the Option
Grant.

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                  (b) Optionee acknowledges that he or she is familiar with the
terms and provisions of this Option Grant and hereby accepts this Option subject
to all of the terms and provisions thereof. Optionee has reviewed this Option
Grant in its entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Option and fully understands all provisions of the
Option. Optionee hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Company upon any questions arising under
this Option Grant. Optionee further agrees to notify the Company upon any change
in the residence address.

                  (c) Optionee acknowledges and understands that this Option and
the Shares that will be obtained upon exercise of the Option have not been
registered under the Securities Act of 1933, as amended (the "Securities Act")
in reliance upon a specific exemption therefrom, which exemption depends upon,
among other things, the bona fide nature of Optionee's investment intent as
expressed herein.

                  (d) Optionee is familiar with the provisions of Rule 701 and
Rule 144, each promulgated under the Securities Act, which, in substance, permit
limited public resale of "restricted securities" acquired, directly or
indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer
qualifies under Rule 701 at the time of the grant of the Option to the Optionee,
the exercise will be exempt from registration under the Securities Act.
Securities exempt under Rule 701 may be resold, subject to the satisfaction of
certain of the conditions specified by Rule 144, including: (1) the resale being
made through a broker in an unsolicited "broker's transaction" or in
transactions directly with a market maker (as said term is defined under the
Securities Exchange Act of 1934); and, in the case of an affiliate, (2) the
availability of certain public information about the Company, (3) the amount of
Securities being sold during any three month period not exceeding the
limitations specified in Rule 144(e), and (4) the timely filing of a Form 144,
if applicable. In the event that the Company does not qualify under Rule 701 at
the time of grant of the Option, then the Securities may be resold in certain
limited circumstances subject to the provisions of Rule 144, which requires the
resale to occur not less than one year after the later of the date the
Securities were sold by the Company or the date the Securities were sold by an
affiliate of the Company, within the meaning of Rule 144; and, in the case of
acquisition of the Securities by an affiliate, or by a non-affiliate who
subsequently holds the Securities less than two years, the satisfaction of the
conditions set forth in sections (1), (2), (3) and (4) of this paragraph.

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         9. TAX CONSEQUENCES. TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE.
THE OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR
DISPOSING OF THE SHARES.

         10. ENTIRE AGREEMENT; GOVERNING LAW. This Option Grant constitutes the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the Company
and Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee's interest except by means of a writing signed by the
Company and Optionee. This agreement is governed by the internal substantive
laws but not the choice of law rules of Florida.

         11. DEFINITIONS:

                  (a) "Share" means a share of the Common Stock of the Company,
adjusted in accordance with the following:

         (i) CHANGES IN CAPITALIZATION. Subject to any required action by the
         shareholders of the Company, the number of shares of Common Stock
         covered by each outstanding Option, as well as the price per share of
         Common Stock covered by each such outstanding Option, shall be
         proportionately adjusted for any increase or decrease in the number of
         issued shares of Common Stock resulting from a stock split, reverse
         stock split, stock dividend, combination or reclassification of the
         Common Stock, or any other increase or decrease in the
         number of issued shares of Common Stock effected without receipt of
         consideration by the Company. The conversion of any convertible
         securities of the Company shall not be deemed to have been "effected
         without receipt of consideration." Such adjustment shall be made by the
         Board of Directors of the Company, whose determination in that respect
         shall be final, binding and conclusive. Except as expressly provided
         herein, no issuance by the Company of shares of stock of any class, or
         securities convertible into shares of stock of any class, shall affect,
         and no adjustment by reason thereof shall be made with respect to, the
         number or price of shares of Common Stock subject to an Option.

         (ii) DISSOLUTION OR LIQUIDATION. In the event of the proposed
         dissolution or liquidation of the Company, the Company shall notify
         each Optionee as soon as practicable prior to the effective date of
         such proposed transaction. The Company in its discretion may provide
         for an Optionee to have the right to exercise his Option until fifteen

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         (15) days prior to such transaction as to all of Shares as to which the
         Option would be exercisable. In addition, the Company may provide that
         any Company repurchase option applicable to any Shares purchased upon
         exercise of an Option shall lapse as to all such Shares, provided the
         proposed dissolution or liquidation takes place at the time and in the
         manner contemplated. To the extent it has not been previously
         exercised, an Option will terminate immediately prior to the
         consummation of such proposed action.

         (iii) MERGER OR ASSET SALE. In the event of a merger of the Company
         with or into another corporation, or the sale of all or substantially
         all of the assets of the Company, each outstanding Option shall be
         assumed or an equivalent option or right substituted by the successor
         corporation or a Parent or Subsidiary of the successor corporation. In
         the event that the successor corporation refuses to assume or
         substitute for the Option, the Optionee shall have the right to
         exercise the Option as to all of the Shares as to which it is
         exercisable. The Company shall notify the Optionee in writing or
         electronically that the Option shall be fully exercisable for a period
         of fifteen (15) days after the date of such notice, and the Option
         shall terminate upon the expiration of such period. For the purposes of
         this paragraph, the Option shall be considered assumed if, following
         the merger or sale of assets, the option or right confers the right to
         purchase or receive, for each Share of Optioned Stock subject to the
         Option immediately prior to the merger or sale of assets, the
         consideration (whether stock, cash, or other securities or property)
         received in the merger or sale of assets by holders of Common Stock for
         each Share held on the effective date of the transaction (and if
         holders were offered a choice of consideration, the type of
         consideration chosen by the holders of a majority of the outstanding
         Shares); provided, however, that if such consideration received in the
         merger or sale of assets is not solely common stock of the successor
         corporation or its Parent, the Company may, with the consent of the
         successor corporation, provide for the consideration to be received
         upon the exercise of the Option, for each Share of Optioned Stock
         subject to the Option, to be solely common stock of the successor
         corporation or its Parent equal in fair market value to the per share
         consideration received by holders of Common Stock in the merger or sale
         of assets.

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         IN WITNESS WHEREOF, the parties hereto have executed this Stock Option
Grant as of the day and year first above written.

OPTIONEE:                                   COMPANY:
                                            PODS, INC.

                                            By:
---------------------------                    ------------------------------
                                               Peter S. Warhurst,
                                               President

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                          STOCK OPTION EXERCISE NOTICE

TO: PODS, INC.
Attention:  President

         1. EXERCISE OF OPTION. Effective as of today, _____________________,
the undersigned ("Optionee") hereby elects to exercise Optionee's option to
purchase __________ shares of the Common Stock (the "Shares") of PODS, INC. (the
"Company") under and pursuant to the Stock Option Grant dated _______________
(the "Option Grant").

         2. DELIVERY OF PAYMENT. Optionee herewith delivers to the Company the
full purchase price of the Shares, as set forth in the Option Grant.

         3. REPRESENTATIONS OF OPTIONEE. Optionee acknowledges that Optionee has
received, read and understood the Option Grant and agrees to abide by and be
bound by its terms and conditions.

         4. RIGHTS AS SHAREHOLDER. Until the issuance of the Shares (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company), no right to vote or receive dividends
or any other rights as a shareholder shall exist with respect to the Optioned
Stock, notwithstanding the exercise of the Option. The Shares shall be issued to
the Optionee as soon as practicable after the Option is exercised. No adjustment
shall be made for a dividend or other right for which the record date is prior
to the date of issuance except as provided in the Option Grant.

         5. TAX CONSULTATION. Optionee understands that Optionee may suffer
adverse tax consequences as a result of Optionee's purchase or disposition of
the Shares. Optionee represents that Optionee has consulted with any tax
consultants Optionee deems advisable in connection with the purchase or
disposition of the Shares and that Optionee is not relying on the Company for
any tax advice.

         6. RESTRICTIVE LEGENDS AND STOP TRANSFER ORDERS.

                  (a) LEGENDS. Optionee understands and agrees that, unless
registered under the Securities Act of 1933, the Company shall cause the legends
set forth below or legends substantially equivalent thereto, to be placed upon

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any certificate(s) evidencing ownership of the Shares together with any other
legends that may be required by the Company or by state or federal securities
laws:

                  THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
                  UNDER THE SECURITIES ACT OF 1933 (THE "ACT") AND MAY NOT BE
                  OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR
                  HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN
                  THE OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE
                  SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR
                  HYPOTHECATION IS IN COMPLIANCE THEREWITH.

                  (b) STOP TRANSFER NOTICES. Optionee agrees that, in order to
ensure compliance with the restrictions referred to herein, unless registered
under the Securities Act of 1933, the Company may issue appropriate "stop
transfer" instructions to its transfer agent, if any, and that, if the Company
transfers its own securities, it may make appropriate notations to the same
effect in its own records.

                  (c) REFUSAL TO TRANSFER. The Company shall not be required (i)
to transfer on its books any Shares that have been sold or otherwise transferred
in violation of any of the provisions of this Agreement or (ii) to treat as
owner of such Shares or to accord the right to vote or pay dividends to any
purchaser or other transferee to whom such Shares shall have been so
transferred.

                  (c) STOCKHOLDERS' AGREEMENT. Issuance of the Shares is
conditioned upon the Optionee simultaneously entering into a Joinder Agreement
whereby the Optionee agrees to be bound by the terms and conditions of any
agreement that restricts the disposition of shares of stock of the Company,
including but not limited to the Stockholders' Agreement entered into by and
among the Company and all of its shareholders dated as of December 1, 1999.

         7. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights
under this Agreement to single or multiple assignees, and this Agreement shall
inure to the benefit of the successors and assigns of the Company. Subject to
the restrictions on transfer herein set forth, this Agreement shall be binding
upon Optionee and his or her heirs, executors, administrators, successors and
assigns.

         8. INTERPRETATION. Any dispute regarding the interpretation of this
Agreement shall be submitted to the Board of Directors of the Company which
shall review such dispute at its next regular meeting. The resolution of such a
dispute by the Board of Directors shall be final and binding on all parties.

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         9. GOVERNING LAW SEVERABILITY. This Agreement is governed by the
internal substantive laws but not the choice of law rules of Florida.

         10. ENTIRE AGREEMENT. The Option Grant is incorporated herein by
reference. This Agreement, the Option Grant and, unless registered under the
Securities Act of 1933, the Investment Representation Statement constitute the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the Company
and Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee's interest except by means of a writing signed by the
Company and Optionee.

Submitted by:                                     Accepted by:

OPTIONEE:                                         COMPANY:
                                                  PODS, INC.

                                                  By:
---------------------------                          -------------------------
                                                     Peter S. Warhurst,
                                                     President

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

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                       INVESTMENT REPRESENTATION STATEMENT

OPTIONEE:  __________________________

COMPANY:   PODS, INC.

SECURITY:  ________ SHARES OF COMMON STOCK

AMOUNT:    $______________

DATE:      _______________

         In connection with the purchase of the above-listed Securities, the
undersigned Optionee represents to the Company the following:

         (a) Optionee is aware of the Company's business affairs and financial
condition and has acquired sufficient information about the Company to reach an
informed and knowledgeable decision to acquire the Securities. Optionee is
acquiring these Securities for investment for Optionee's own account only and
not with a view to, or for resale in connection with, any "distribution" thereof
within the meaning of the Securities Act of 1933, as amended (the "Securities
Act").

         (b) Optionee acknowledges and understands that the Securities
constitute "restricted securities" under the Securities Act and have not been
registered under the Securities Act in reliance upon a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide
nature of Optionee's investment intent as expressed herein. In this connection,
Optionee understands that, in the view of the Securities and Exchange
Commission, the statutory basis for such exemption may be unavailable if
Optionee's representation was predicated solely upon a present intention to hold
these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the
market price of the Securities, or for a period of one year or any other fixed
period in the future. Optionee further understands that the Securities must be
held indefinitely unless they are subsequently registered under the Securities
Act or an exemption from such registration is available. Optionee further

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acknowledges and understands that the Company is under no obligation to register
the Securities. Optionee understands that the certificate evidencing the
Securities will be imprinted with a legend which prohibits the transfer of the
Securities unless they are registered or such registration is not required in
the opinion of counsel satisfactory to the Company, a legend prohibiting their
transfer without the consent of the Secretary of State of the State of Florida
and any other legend required under applicable state securities laws.

         (c) Optionee is familiar with the provisions of Rule 701 and Rule 144,
each promulgated under the Securities Act, which, in substance, permit limited
public resale of "restricted securities" acquired, directly or indirectly from
the issuer thereof, in a non-public offering subject to the satisfaction of
certain conditions. Rule 701 provides that if the issuer qualifies under Rule
701 at the time of the grant of the Option to the Optionee, the exercise will be
exempt from registration under the Securities Act. If the Company is subject to
the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act
of 1934, the Securities exempt under Rule 701 may be resold, subject to the
satisfaction of certain of the conditions specified by Rule 144, including: (1)
the resale being made through a broker in an unsolicited "broker's transaction"
or in transactions directly with a market maker (as said term is defined under
the Securities Exchange Act of 1934); and, in the case of an affiliate, (2) the
availability of certain public information about the Company, (3) the amount of
Securities being sold during any three month period not exceeding the
limitations specified in Rule 144(e), and (4) the timely filing of a Form 144,
if applicable. In the event that the Company does not qualify under Rule 701 at
the time of grant of the Option, then the Securities may be resold in certain
limited circumstances subject to the provisions of Rule 144, which requires the
resale to occur not less than one year after the later of the date the
Securities were sold by the Company or the date the Securities were sold by an
affiliate of the Company, within the meaning of Rule 144; and, in the case of
acquisition of the Securities by an affiliate, or by a non-affiliate who
subsequently holds the Securities less than two years, the satisfaction of the
conditions set forth in sections (1), (2), (3) and (4) of this paragraph.

         (d) Optionee further understands that in the event all of the
applicable requirements of Rule 701 or 144 are not satisfied, registration under
the Securities Act, compliance with Regulation A, or some other registration
exemption will be required; and that, notwithstanding the fact that Rules 144
and 701 are not exclusive, the Staff of the Securities and Exchange Commission
has expressed its opinion that persons proposing to sell private placement
securities other than in a registered offering and otherwise than pursuant to
Rules 144 or 701 will have a substantial burden of proof in establishing that an
exemption from registration is available for such offers or sales, and that such
persons and their respective brokers who participate in such transactions do so
at their own risk. Optionee understands that no assurances can be given that any
such other registration exemption will be available in such event.

                                                  OPTIONEE:

                                                  ------------------------------

                                       2<PAGE>   1

                                                                   Exhibit 10.13

                                   PODS, INC.
                             2000 STOCK OPTION PLAN

         1. PURPOSES OF THE PLAN. The purposes of this Stock Option Plan (the
"Plan") are to attract and retain the best available personnel for positions of
substantial responsibility, to provide additional incentive to Employees,
Directors and Consultants and to promote the success of the Company's business.
Options granted under the Plan may be Incentive Stock Options or Non-Statutory
Stock Options, as determined by the Administrator at the time of grant.

         2. DEFINITIONS. As used herein, the following definitions shall apply:

                  (a) "ADMINISTRATOR" means the Board or any of its Committees
as shall be administering the Plan in accordance with Section 4 hereof.

                  (b) "APPLICABLE LAWS" means the requirements relating to the
administration of stock option plans under U.S. state corporate laws, U.S.
federal and state securities laws, the Code, any stock exchange or quotation
system on which the Common Stock is listed or quoted and the applicable laws of
any other country or jurisdiction where Options are granted under the Plan.

                  (c) "BOARD" means the Board of Directors of the Company.

                  (d) "CODE" means the Internal Revenue Code of 1986, as
amended.

                  (e) "COMMITTEE" means a committee of Directors appointed by
the Board in accordance with Section 4 hereof.

                  (f) "COMMON STOCK" means the Common Stock of the Company.

                  (g) "COMPANY" means PODS, INC., a Florida corporation.

                  (h) "CONSULTANT" means any person who is engaged by the
Company or any Parent or Subsidiary to render consulting or advisory services to
such entity.

                  (i) "DIRECTOR" means a member of the Board of Directors of the
Company.

                  (j) "DISABILITY" means total and permanent disability as
defined in Section 22(e)(3) of the Code.

                  (k) "EMPLOYEE" means any person, including Officers and
Directors, employed by the Company or any Parent or Subsidiary of the Company. A
Service Provider (defined below) shall not cease to be an Employee in the case
of (i) any leave of absence approved by the Company or (ii) transfers between
locations of the Company or between the Company, its Parent, any Subsidiary, or
any successor. For purposes of Incentive Stock Options, no such leave may exceed
ninety days, unless reemployment upon expiration of such leave is guaranteed by
statute or contract. If reemployment upon expiration of a leave of absence
approved by the Company is not so guaranteed, on the 181st day of such leave any
Incentive Stock Option held by the Optionee shall cease to be treated as an
Incentive Stock Option and shall be treated for tax purposes as a Non-Statutory
Stock Option. Neither service as a director nor payment of a director's fee by
the Company shall be sufficient to constitute "employment" by the Company.

<PAGE>   2

                  (l) "EXCHANGE ACT" means the Securities Exchange Act of 1934,
as amended.

                  (m) "FAIR MARKET VALUE" means, as of any date, the value of
Common Stock determined as follows:

                           (i) If the Common Stock is listed on any established
stock exchange or a national market system, including without limitation the
Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market,
its Fair Market Value shall be the closing sales price for such stock (or the
closing bid, if no sales were reported) as quoted on such exchange or system for
the last market trading day prior to the time of determination, as reported in
The Wall Street Journal or such other source as the Administrator deems
reliable;

                           (ii) If the Common Stock is regularly quoted by a
recognized securities dealer but selling prices are not reported, its Fair
Market Value shall be the mean between the high bid and low asked prices for the
Common Stock on the last market trading day prior to the day of determination;
or

                           (iii) In the absence of an established market for the
Common Stock, the Fair Market Value thereof shall be determined in good faith by
the Administrator.

                  (n) "INCENTIVE STOCK OPTION" means an Option intended to
qualify as an incentive stock option within the meaning of Section 422 of the
Code.

                  (o) "NON-STATUTORY STOCK OPTION" means an Option not intended
to qualify as an Incentive Stock Option.

                  (p) "OFFICER" means a person who is an officer of the Company
within the meaning of Section 16 of the Exchange Act and the rules and
regulations promulgated thereunder.

                  (q) "OPTION" means a stock option granted pursuant to the
Plan.

                  (r) "OPTION GRANT" means a written agreement between the
Company and an Optionee evidencing the terms and conditions of an individual
Option grant. The Option Grant is subject to the terms and conditions of the
Plan.

                  (s) "OPTION EXCHANGE PROGRAM" means a program whereby
outstanding Options are exchanged for Options with a lower exercise price.

                  (t) "OPTIONED STOCK" means the Common Stock subject to an
Option.

                  (u) "OPTIONEE" means the holder of an outstanding Option
granted under the Plan.

                  (v) "PARENT" means a "parent corporation," whether now or
hereafter existing, as defined in Section 424(e) of the Code.

                  (w) "PLAN" means this PODS, INC. 2000 Stock Option Plan.

                  (x) "SECTION 16(B)" means Section 16(b) of the Securities
Exchange Act of 1934, as amended.

                  (y) "SERVICE PROVIDER" means an Employee, Director or
Consultant.

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                  (z) "SHARE" means a share of the Common Stock, as adjusted in
accordance with Section 11 below.

                  (aa) "SUBSIDIARY" means a "subsidiary corporation," whether
now or hereafter existing, as defined in Section 424(f) of the Code.

         3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section 11
of the Plan, the maximum aggregate number of Shares which may be subject to
option and sold under the Plan is 1,100,000 Shares. The Shares may be authorized
but unissued, or reacquired Common Stock. If an Option expires or becomes
unexercisable without having been exercised in full, or is surrendered pursuant
to an Option Exchange Program, the unpurchased Shares which were subject thereto
shall become available for future grant or sale under the Plan (unless the Plan
has terminated). However, Shares that have actually been issued under the Plan,
upon exercise of an Option, shall not be returned to the Plan and shall not
become available for future distribution under the Plan.

         4. ADMINISTRATION OF THE PLAN.

                  (a) ADMINISTRATOR. The Plan shall be administered by the Board
or a Committee appointed by the Board, which Committee shall be constituted to
comply with Applicable Laws.

                  (b) POWERS OF THE ADMINISTRATOR. Subject to the provisions of
the Plan and, in the case of a Committee, the specific duties delegated by the
Board to such Committee, and subject to the approval of any relevant
authorities, the Administrator shall have the authority in its discretion: (i)
to determine the Fair Market Value; (ii) to select the Service Providers to whom
Options may from time to time be granted hereunder; (iii) to determine the
number of Shares to be covered by each such award granted hereunder; (iv) to
approve forms of Option Grants for use under the Plan; (v) to determine the
terms and conditions of any Option granted hereunder. Such terms and conditions
include, but are not limited to, the exercise price, the time or times when
Options may be exercised (which may be based on performance criteria), any
vesting, acceleration or waiver of forfeiture restrictions, and any restriction
or limitation regarding any Option or the Common Stock relating thereto, based
in each case on such factors as the Administrator, in its sole discretion, shall
determine; (vi) to determine whether and under what circumstances an Option may
be settled in cash under subsection 9(e) instead of Common Stock; (vii) to
reduce the exercise price of any Option to the then current Fair Market Value if
the Fair Market Value of the Common Stock covered by such Option has declined
since the date the Option was granted; (viii) to initiate an Option Exchange
Program; (ix) to prescribe, amend and rescind rules and regulations relating to
the Plan; (x) to allow Optionees to satisfy withholding tax obligations by
electing to have the Company withhold from the Shares to be issued upon exercise
of an Option that number of Shares having a Fair Market Value equal to the
amount required to be withheld. The Fair Market Value of the Shares to be
withheld shall be determined on the date that the amount of tax to be withheld
is to be determined. All elections by Optionees to have Shares withheld for this
purpose shall be made in such form and under such conditions as the
Administrator may deem necessary or advisable; and (xi) to construe and
interpret the terms of the Plan and awards granted pursuant to the Plan.

                  (c) EFFECT OF ADMINISTRATOR'S DECISION. All decisions,
determinations and interpretations of the Administrator shall be final and
binding on all Optionees.

                                       3
<PAGE>   4

         5. ELIGIBILITY.

                  (a) Non-Statutory Stock Options may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees.

                  (b) Each Option shall be designated in the Option Grant as
either an Incentive Stock Option or a Non-Statutory Stock Option. However,
notwithstanding such designation, to the extent that the aggregate Fair Market
Value of the Shares with respect to which Incentive Stock Options are
exercisable for the first time by the Optionee during any calendar year (under
all plans of the Company and any Parent or Subsidiary) exceeds $100,000, such
Options shall be treated as Non-Statutory Stock Options. For purposes of this
Section 5(b), Incentive Stock Options shall be taken into account in the order
in which they were granted. The Fair Market Value of the Shares shall be
determined as of the time the Option with respect to such Shares is granted.

                  (c) Neither the Plan nor any Option shall confer upon any
Optionee any right with respect to continuing the Optionee's relationship as a
Service Provider with the Company, nor shall it interfere in any way with his or
her right or the Company's right to terminate such relationship at any time,
with or without cause.

         6. TERM OF PLAN. The Plan shall become effective upon its adoption by
the Board. It shall continue in effect for a term of ten (10) years unless
sooner terminated under Section 13 of the Plan.

         7. TERM OF OPTION. The term of each Option shall be stated in the
Option Grant; provided, however, that the term shall be no more than ten (10)
years after the date of grant thereof. In the case of an Incentive Stock Option
granted to an Optionee who, at the time the Option is granted, owns stock
representing more than ten percent (10%) of the voting power of all classes of
stock of the Company or any Parent or Subsidiary, the term of the Option shall
be five (5) years after the date of grant or such shorter term as may be
provided in the Option Grant.

         8. OPTION EXERCISE PRICE AND CONSIDERATION.

                  (a) The per share exercise price for the Shares to be issued
upon exercise of an Option shall be such price as is determined by the
Administrator, but shall be subject to the following:

                           (i) In the case of an Incentive Stock Option

                                    (A) granted to an Employee who, at the time
of grant of such Option, owns stock representing more than 10% of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the
exercise price shall be no less than 110% of the Fair Market Value per Share on
the date of grant.

                                    (B) granted to any other Employee, the per
Share exercise price shall be no less than 100% of the Fair Market Value per
Share on the date of grant.

                           (ii) In the case of a Non-Statutory Stock Option, the
exercise price shall be no less than 100% of the Fair Market Value per Share on
the date of grant.

                           (iii) Notwithstanding the foregoing, Options may be
granted with a per Share exercise price other than as required above pursuant to
a merger or other corporate transaction.

                                       4
<PAGE>   5

                  (b) The consideration to be paid for the Shares to be issued
upon exercise of an Option, including the method of payment, shall be determined
by the Administrator (and, in the case of an Incentive Stock Option, shall be
determined at the time of grant). Such consideration may consist of (l) cash,
(2) check, (3) promissory note, (4) other Shares which (x) in the case of Shares
acquired upon exercise of an Option, have been owned by the Optionee for more
than six months on the date of surrender, and (y) have a Fair Market Value on
the date of surrender equal to the aggregate exercise price of the Shares as to
which such Option shall be exercised, (5) consideration received by the Company
under a cashless exercise program implemented by the Company in connection with
the Plan, or (6) any combination of the foregoing methods of payment. In making
its determination as to the type of consideration to accept, the Administrator
shall consider if acceptance of such consideration may be reasonably expected to
benefit the Company.

         9. EXERCISE OF OPTIONS.

                  (a) PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any
Option granted hereunder shall be exercisable according to the terms hereof at
such times and under such conditions as determined by the Administrator and set
forth in the Option Grant. Unless the Administrator provides otherwise, vesting
of Options granted hereunder shall be tolled during any unpaid leave of absence.
An Option may not be exercised for a fraction of a Share. An Option shall be
deemed exercised when the Company receives:

                           (i) written or electronic notice of exercise (in
accordance with the Option Grant) from the person entitled to exercise the
Option, and

                           (ii) full payment for the Shares with respect to
which the Option is exercised. Full payment may consist of any consideration and
method of payment authorized by the Administrator and permitted by the Option
Grant and the Plan. Shares issued upon exercise of an Option shall be issued in
the name of the Optionee or, if requested by the Optionee, in the name of the
Optionee and his or her spouse. Until the Shares are issued (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights
as a shareholder shall exist with respect to the Shares, notwithstanding the
exercise of the Option. The Company shall issue (or cause to be issued) such
Shares promptly after the Option is exercised. No adjustment will be made for a
dividend or other right for which the record date is prior to the date the
Shares are issued, except as provided in Section 11 of the Plan. Exercise of an
Option in any manner shall result in a decrease in the number of Shares
thereafter available, both for purposes of the Plan and for sale under the
Option, by the number of Shares as to which the Option is exercised.

                  (b) TERMINATION OF RELATIONSHIP AS A SERVICE PROVIDER. If an
Optionee ceases to be a Service Provider, such Optionee may exercise his or her
Option within such period of time as is specified in the Option Grant (of at
least thirty (30) days) to the extent that the Option is vested on the date of
termination (but in no event later than the expiration of the term of the Option
as set forth in the Option Grant). In the absence of a specified time in the
Option Grant, the Option shall remain exercisable for three (3) months following
the Optionee's termination. If, on the date of termination, the Optionee is not
vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall revert to the Plan. If, after termination, the
Optionee does not exercise his or her Option within the time specified by the
Administrator, the Option shall terminate, and the Shares covered by such Option
shall revert to the Plan.

                  (c) DISABILITY OF OPTIONEE. If an Optionee ceases to be a
Service Provider as a result of the Optionee's Disability, the Optionee may
exercise his or her Option within such period of time as is specified in the
Option Grant (of at least six (6) months) to the extent the Option is vested on
the date of termination (but in no event later than the expiration of the term
of such Option as set forth in the Option Grant). In the absence of a specified

                                       5
<PAGE>   6

time in the Option Grant, the Option shall remain exercisable for twelve (12)
months following the Optionee's termination. If on the date of termination, the
Optionee is not vested as to his or her entire Option, the Shares covered by the
unvested portion of the Option shall revert to the Plan. If after termination,
the Optionee does not exercise his or her Option within the time specified
herein, the Option shall terminate, and the Shares covered by such Option shall
revert to the Plan.

                  (d) DEATH OF OPTIONEE. If an Optionee dies while a Service
Provider, the Option may be exercised within such period of time as is specified
in the Option Grant (of at least six (6) months) to the extent that the Option
is vested on the date of death (but in no event later than the expiration of the
term of such Option as set forth in the Option Grant) by the Optionee's estate
or by a person who acquires the right to exercise the Option by bequest or
inheritance. In the absence of a specified time in the Option Grant, the Option
shall remain exercisable for twelve (12) months following the Optionee's
termination. If, at the time of death, the Optionee is not vested as to the
entire Option, the Shares covered by the unvested portion of the Option shall
immediately revert to the Plan. If the Option is not so exercised within the
time specified herein, the Option shall terminate, and the Shares covered by
such Option shall revert to the Plan.

                  (e) BUYOUT PROVISIONS. The Administrator may at any time offer
to buy out for a payment in cash or Shares, an Option previously granted, based
on such terms and conditions as the Administrator shall establish and
communicate to the Optionee at the time that such offer is made.

         10. NON-TRANSFERABILITY OF OPTIONS. The Options may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other
than by will or by the laws of descent or distribution and may be exercised,
during the lifetime of the Optionee, only by the Optionee.

         11. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, MERGER OR ASSET SALE.

                  (a) CHANGES IN CAPITALIZATION. Subject to any required action
by the shareholders of the Company, the number of shares of Common Stock covered
by each outstanding Option, and the number of shares of Common Stock which have
been authorized for issuance under the Plan but as to which no Options have yet
been granted or which have been returned to the Plan upon cancellation or
expiration of an Option, as well as the price per share of Common Stock covered
by each such outstanding Option, shall be proportionately adjusted for any
increase or decrease in the number of issued shares of Common Stock resulting
from a stock split, reverse stock split, stock dividend, combination or
reclassification of the Common Stock, or any other increase or decrease in the
number of issued shares of Common Stock effected without receipt of
consideration by the Company. The conversion of any convertible securities of
the Company shall not be deemed to have been "effected without receipt of
consideration." Such adjustment shall be made by the Board, whose determination
in that respect shall be final, binding and conclusive. Except as expressly
provided herein, no issuance by the Company of shares of stock of any class, or
securities convertible into shares of stock of any class, shall affect, and no
adjustment by reason thereof shall be made with respect to, the number or price
of shares of Common Stock subject to an Option.

                  (b) DISSOLUTION OR LIQUIDATION. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each
Optionee as soon as practicable prior to the effective date of such proposed
transaction. The Administrator in its discretion may provide for an Optionee to
have the right to exercise his or her Option until fifteen (15) days prior to
such transaction as to all of the Optioned Stock covered thereby, including
Shares as to which the Option would not otherwise be exercisable. In addition,
the Administrator may provide that any Company repurchase option applicable to
any Shares purchased upon exercise of an Option shall lapse as to all such
Shares, provided the proposed dissolution or liquidation takes place at the time
and in the manner contemplated. To the extent it has not been previously
exercised, an Option will terminate immediately prior to the consummation of
such proposed action.

                                       6
<PAGE>   7

                  (c) MERGER OR ASSET SALE. In the event of a merger of the
Company with or into another corporation, or the sale of all or substantially
all of the assets of the Company, each outstanding Option shall be assumed or an
equivalent option or right substituted by the successor corporation or a Parent
or Subsidiary of the successor corporation. In the event that the successor
corporation refuses to assume or substitute for the Option, the Optionee shall
fully vest in and have the right to exercise the Option as to all of the
Optioned Stock, including Shares as to which it would not otherwise be vested or
exercisable. If an Option becomes fully vested and exercisable in lieu of
assumption or substitution in the event of a merger or sale of assets, the
Administrator shall notify the Optionee in writing or electronically that the
Option shall be fully exercisable for a period of fifteen (15) days after the
date of such notice, and the Option shall terminate upon the expiration of such
period. For the purposes of this paragraph, the Option shall be considered
assumed if, following the merger or sale of assets, the option or right confers
the right to purchase or receive, for each Share of Optioned Stock subject to
the Option immediately prior to the merger or sale of assets, the consideration
(whether stock, cash, or other securities or property) received in the merger or
sale of assets by holders of Common Stock for each Share held on the effective
date of the transaction (and if holders were offered a choice of consideration,
the type of consideration chosen by the holders of a majority of the outstanding
Shares); provided, however, that if such consideration received in the merger or
sale of assets is not solely common stock of the successor corporation or its
Parent, the Administrator may, with the consent of the successor corporation,
provide for the consideration to be received upon the exercise of the Option,
for each Share of Optioned Stock subject to the Option, to be solely common
stock of the successor corporation or its Parent equal in fair market value to
the per share consideration received by holders of Common Stock in the merger or
sale of assets.

         12. TIME OF GRANTING OPTIONS. The date of grant of an Option shall, for
all purposes, be the date on which the Administrator makes the determination
granting such Option, or such other date as is determined by the Administrator.
Notice of the determination shall be given to each Employee to whom an Option is
so granted within a reasonable time after the date of such grant.

         13. AMENDMENT AND TERMINATION OF THE PLAN.

                  (a) AMENDMENT AND TERMINATION. The Board may at any time
amend, alter, suspend or terminate the Plan.

                  (b) SHAREHOLDER APPROVAL. The Board shall obtain shareholder
approval of any Plan amendment to the extent necessary and desirable to comply
with Applicable Laws.

                  (c) EFFECT OF AMENDMENT OR TERMINATION. No amendment,
alteration, suspension or termination of the Plan shall impair the rights of any
Optionee, unless mutually agreed otherwise between the Optionee and the
Administrator, which agreement must be in writing and signed by the Optionee and
the Company. Termination of the Plan shall not affect the Administrator's
ability to exercise the powers granted to it hereunder with respect to Options
granted under the Plan prior to the date of such termination.

         14. CONDITIONS UPON ISSUANCE OF SHARES.

                  (a) LEGAL COMPLIANCE. Shares shall not be issued pursuant to
the exercise of an Option unless the exercise of such Option and the issuance
and delivery of such Shares shall comply with Applicable Laws and shall be
further subject to the approval of counsel for the Company with respect to such
compliance.

                                       7
<PAGE>   8

                  (b) INVESTMENT REPRESENTATIONS. As a condition to the exercise
of an Option, the Administrator may require the person exercising such Option to
represent and warrant at the time of any such exercise that the Shares are being
purchased only for investment and without any present intention to sell or
distribute such Shares if, in the opinion of counsel for the Company, such a
representation is required.

         15. INABILITY TO OBTAIN AUTHORITY. The inability of the Company to
obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company's counsel to be necessary to the lawful issuance and
sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

         16. RESERVATION OF SHARES. The Company, during the term of this Plan,
shall at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         17. SHAREHOLDER APPROVAL. The Plan shall be subject to approval by the
shareholders of the Company within twelve (12) months after the date the Plan is
adopted. Such shareholder approval shall be obtained in the degree and manner
required under Applicable Laws.

         18. RESTRICTION ON DISPOSITION OF SHARES. Issuance of Shares upon the
exercise of Options shall be conditioned upon the Optionee entering into a
Joinder Agreement whereby the Optionee agrees to be bound by the terms and
conditions of any agreement that restricts the disposition of shares of stock of
the Company, including but not limited to the Stockholders' Agreement entered
into by and among the Company and all of its shareholders dated as of December
1, 1999.

         Adopted by the Board of Directors on February 10, 2000.

                                       8

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