Document:

EXHIBIT A TO WARRANT TO
                                               PURCHASE SERIES E PREFERRED STOCK

THE OFFER AND SALE OF THE WARRANT REPRESENTED BY THIS CERTIFICATE AND THE
UNDERLYING SHARES OF STOCK HAVE NOT BEEN REGISTERED PURSUANT TO THE SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW. NEITHER THIS WARRANT NOR
THE UNDERLYING STOCK, NOR ANY PORTION THEREOF OR INTEREST THEREIN, MAY BE SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS THE SAME IS REGISTERED AND QUALIFIED
IN ACCORDANCE WITH SAID ACT AND ANY APPLICABLE STATE SECURITIES LAW, OR, IN THE
OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, SUCH REGISTRATION AND
QUALIFICATION ARE NOT REQUIRED.

Warrant No. W-__                                             _________ ___, 2005

                                     WARRANT
                         to Purchase the Common Stock of
                             Hawaiian Holdings, Inc.

      THIS CERTIFIES THAT, for value received, ___________ having an address at
_____________, or registered assigns, is entitled to purchase from Hawaiian
Holdings, Inc., a Delaware corporation, or any successor (the "Company"), in
whole or in part, at a purchase price of $7.20 per share (subject to adjustment
as provided herein), at any time, from and after the Initial Exercise Date to
and including June 1, 2010, ______________ shares of the fully paid and
nonassessable Common Stock (as herein defined) (as such number may be adjusted
as provided herein).

      The shares of Common Stock which may be purchased pursuant to this Warrant
are referred to herein as the "Aggregate Number". Certain terms used in this
Warrant are defined in Section 6.

      This Warrant is issued in connection with the Equity Commitment Letter.

      The number of shares of Common Stock purchasable hereunder ("Warrant
Shares") is subject to adjustment as hereinafter set forth. This Warrant is
subject to the following provisions, terms and conditions:

      1. (a) Exercise of Warrant. The rights represented by this Warrant may be
exercised by the Holder hereof, in whole or in part (but not as to a fractional
share of Common Stock), by (A) the delivery of this Warrant, together with a
properly completed Subscription Form in the form attached hereto, to the
principal office of the Company at 12730 High Bluff Drive, Suite 180, San Diego,
California 92130 (or to such other address as it may designate by notice in
writing to the Holder) and (B) payment to the Company of the Warrant Purchase
Price for the Warrant Shares being purchased (i) by cash or by certified check
or bank draft, (ii) as provided in Section 1(b) or (iii) any combination
thereof. In the case of payment of all or a portion of the Warrant Purchase
Price pursuant to Section 1(b), the direction of the Holder to made a "cashless
exercise" shall serve as accompanying payment for that potion of the Warrant
Purchase Price. The Company agrees that the shares so purchased shall be deemed
to be issued to the Holder as the record owner of such shares as of the close of
business on the date on which this Warrant.

shall have been delivered to the Company and payment made for such shares as
aforesaid. Certificates for the shares so purchased shall be delivered to the
Holder within ten (10) Business Days after the rights represented by this
Warrant shall have been so exercised, and, unless this Warrant has expired, a
new Warrant representing, and with an Aggregate Number equal to, the number of
Warrant Shares, if any, with respect to which this Warrant shall not then have
been exercised, in all other respects identical with this Warrant, shall also be
issued and delivered to the Holder within such time, or, at the request of such
Holder, appropriate notation may be made on this Warrant and signed by the
Company and the same returned to such Holder.

      (b) Cashless Exercise. If the sale of the Warrant Shares is not covered by
a registration statement under the Securities Act, the Holder shall have the
right to pay all or a portion of the Warrant Purchase Price by making a
"Cashless Exercise" pursuant to this Section 1(b), in which case (i) shares of
the Company's Common Stock other than the Warrant Shares or (ii) at any time
after June 1, 2006, the Warrant Shares to be acquired upon the exercise of this
Warrant may be applied to pay the exercise price in connection with the exercise
of this Warrant in whole or in part. Any shares of Common Stock or Warrant
Shares transferred to the Company as payment of the exercise price under this
Warrant shall be valued at the Fair Market Value of such shares of Common Stock
or Warrant Shares.

      (c) Transfer Restriction Legend. Each certificate for Warrant Shares
issued upon exercise of this Warrant, unless at the time of exercise the offer
and sale of such Warrant Shares are registered under the Securities Act, shall
bear the following legend (and any additional legend required by applicable law
or rule) on the face thereof:

              The offer and sale of the shares of stock represented
              hereby have not been registered pursuant to the
              Securities Act of 1933, as amended, or any state
              securities law. Neither these shares, nor any portion
              thereof or interest therein, may be sold, transferred or
              otherwise disposed of unless the same are registered and
              qualified in accordance with said Act and any applicable
              state securities law, or, in the opinion of counsel
              reasonably satisfactory to the Company, such
              registration and qualification are not required.

The provisions of Section 2 shall be binding upon all holders of certificates
for Warrant Shares bearing the above legend and shall also be applicable to all
holders of this Warrant.

      (d) Expenses and Taxes on Exercise. The Company shall pay all expenses,
taxes and other charges payable in connection with the preparation, execution
and delivery of any stock certificates and substitute Warrants pursuant to this
Section 1, except that, in case such stock certificates or Warrants shall be
registered in a name or names other than the name of the holder of this Warrant,
funds sufficient to pay all stock transfer taxes which shall be payable upon the
execution and delivery of such stock certificates or Warrants shall be paid by
the Holder to the Company at the time the Company delivers such stock
certificates or Warrants to the Company for exercise.

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      2. (a) Warrants and Warrant Shares Not Registered; Transferee
Restrictions. Each Holder, by acceptance thereof, represents and acknowledges
that the offer and sale of this Warrant and the Warrant Shares which may be
purchased upon exercise of this Warrant are not being registered under the
Securities Act, that the issuance of this Warrant and the offering and sale of
such Warrant Shares are being made in reliance on the exemption from
registration under Section 4(2) of the Securities Act as not involving any
public offering and that the Company's reliance on such exemption is predicated
in part on the representations made by the initial Holder of this Warrant to the
Company that such Holder (i) is acquiring this Warrant for investment purposes
for its own account, with no present intention of reselling or otherwise
distributing the same in violation of the Securities Act, subject, nevertheless,
to any requirement of law that the disposition of its property shall at all
times be within its control, (ii) is an "accredited investor" as defined in
Regulation D under the Securities Act and (iii) has such knowledge and
experience in financial and business matters that it is capable of evaluating
the merits and risks of the investments made or to be made in connection with
the acquisition and exercise of this Warrant. Neither this Warrant nor the
related Warrant Shares may be transferred except pursuant to an effective
registration statement under the Securities Act or upon the conditions specified
in Section 2(b).

      (b) Notice of Transfer, Opinion of Counsel. Each Holder, by acceptance
hereof, agrees that prior to the disposition of this Warrant or of any Warrant
Shares, other than pursuant to an effective registration under the Securities
Act, such Holder will give written notice to the Company expressing such
Holder's intention to effect such disposition and describing briefly such
Holder's intention as to the manner in which this Warrant or the Warrant Shares
theretofore issued or thereafter issuable upon exercise hereof, are to be
disposed together with an opinion of counsel as may be designated by such Holder
and reasonably satisfactory to the Company as to the necessity or non-necessity
of registration under the Securities Act. If in the opinion of such counsel, the
proposed disposition does not require registration under the Securities Act of
the disposition of this Warrant and/or the Warrant Shares issuable or issued
upon the exercise of this Warrant, such Holder shall be entitled to dispose of
this Warrant and/or the Warrant Shares theretofore issued upon the exercise
hereof, all in accordance with the terms of the notice delivered by such Holder
to the Company. The Company is entitled to rely on the most recent written
notice from the Holder with respect to the ownership of the Warrant.

      3. Representations, Warranties and Covenants of the Company.

        (a) The Company hereby represents and warrants that:

                  (A) The Company has full corporate power and authority to
            execute and deliver this Warrant.

                  (B) The execution and delivery of this Warrant and the
            consummation by the Company of the transactions contemplated hereby
            have been duly and validly approved by all necessary corporate
            action on the part of the Company.

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                  (C) This Warrant has been duly executed and delivered by the
            Company and constitutes the legal, valid and binding obligation of
            the Company, enforceable in accordance with its terms.

                  (D) The Holder of this Warrant, when such Warrant is issued by
            the Company to such Holder, shall have good title thereto free from
            all taxes, liens and charges with respect to the issuance thereof.

            (b) The Company covenants and agrees that:

                  (A) Reservation of Shares. During the period within which the
            rights represented by this Warrant may be exercised, the Company
            will have at all times authorized, and reserved for the purpose of
            issue or transfer upon exercise of the rights evidenced by this
            Warrant, a sufficient number of shares of the Common Stock to
            provide therefore

                  (B) Issuance of Shares. The Warrant Shares issued pursuant to
            the exercise of this Warrant will, upon issuance, be duly and
            validly issued, fully paid and nonassessable and the holder of such
            Warrant Shares shall have good title to such Warrant Shares free
            from all taxes, liens and charges with respect to the issuance
            thereof.

                  (C) Listing on Securities Exchanges. The Company promptly will
            procure at its sole expense the listing of all Warrant Shares then
            registered for public sale (subject to issuance or notice of
            issuance) on all stock exchanges on which the shares of Common Stock
            are then listed.

      4.    Participation in Distributions of Common Stock and Certain
            Adjustments.

      Under certain conditions, the Aggregate Number is subject to adjustment as
set forth in this Section 4. No adjustments shall be made under this Section 4
as a result of the issuance by the Company of the Warrant Shares upon exercise
of this Warrant.

      (a) Adjustments. The Aggregate Number, after taking into consideration any
prior adjustments pursuant to this Section 4, shall be subject to adjustment
from time to time as follows and, thereafter, as adjusted, shall be deemed to be
the Aggregate Number hereunder. No adjustment shall be made under this Section
4(a) upon the issuance of Convertible Securities or Common Stock issuable upon
exercise or conversion of such Convertible Securities if an adjustment shall
previously have been made upon the issuance of such Convertible Securities
pursuant to Section 4(c).

                        (i) Stock Dividends; Subdivisions and Combinations. In
                  case at any time or from time to time the Company shall:

                  (A) issue to the holders of the Common Stock a dividend
            payable in, or other distribution of, Common Stock (a "Stock
            Dividend"),

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                  (B) subdivide its outstanding shares of Common Stock into a
            larger number of shares of Common Stock, including without
            limitation by means of a stock split (a "Stock Subdivision"), or

                  (C) combine its outstanding shares of Common Stock into a
            smaller number of shares of Common Stock (a "Stock Combination"),

            then the Aggregate Number in effect immediately prior thereto shall
            be (1) proportionately increased in the case of a Stock Dividend or
            a Stock Subdivision and (2) proportionately decreased in the case of
            a Stock Combination. In the event the Company shall declare or pay,
            without consideration, any dividend on the Common Stock payable in
            any right to acquire Common Stock for no consideration, then the
            Company shall be deemed to have made a Stock Dividend in an amount
            of shares equal to the maximum number of shares issuable upon
            exercise of such rights to acquire Common Stock.

                        (ii) Other Distributions. In case at any time or from
                  time to time the Company shall take a record of the holders of
                  the Common Stock for the purpose of entitling them to receive
                  any dividend or other distribution, other than a distribution
                  of Common Stock, Convertible Securities or options, warrants
                  or other rights to subscribe for or purchase any Convertible
                  Securities (collectively, a "Distribution"), of:

                  (A) Cash (other than regular quarterly dividends payable out
            of current consolidated earnings);

                  (B) any evidences of its indebtedness, any shares of its
            Capital Stock (other than Common Stock) or any other securities or
            property of any nature whatsoever (other than cash); or

                  (C) any options, warrants or other rights to subscribe for or
            purchase any of the following: any evidences of its indebtedness,
            any shares of its Capital Stock (other than Common Stock) or any
            other securities or property of any nature whatsoever (other than
            cash),

            then the Holder shall be entitled to receive such Distribution as if
            the Holder had fully exercised this Warrant upon the exercise of
            this Warrant at any time on or after the taking of such record, the
            number of Warrant Shares to be received upon exercise of this
            Warrant determined as stated herein and, in addition and without
            further payment, the cash, evidences of indebtedness, stock,
            securities, other property, options, warrants and/or other rights
            (or any portion thereof) to which the Holder would have been
            entitled by way of such Distribution and subsequent dividends and
            distributions through the date of exercise as if such Holder (x) had
            fully exercised this Warrant immediately prior to such Distribution
            and (y) had retained the Distribution in respect of the Common Stock
            and all subsequent dividends and distributions of any nature
            whatsoever in respect of any stock or

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            securities paid as dividends and distributions and originating
            directly or indirectly from such Common Stock.

                  A reclassification of the Common Stock into shares of Common
            Stock and shares of any other class of stock shall be deemed a
            Distribution by the Company to the holders of the Common Stock of
            such shares of such other class of stock and, if the outstanding
            shares of Common Stock shall be changed into a larger or smaller
            number of shares of Common Stock as a part of such reclassification,
            such event shall be deemed a Stock Subdivision or Stock Combination,
            as the case may be, of the outstanding shares of Common Stock within
            the meaning of Section 4(a)(i) hereof.

                        (iii) Issuance of Common Stock. If at any time or from
                  time to time the Company shall (except as hereinafter provided
                  in this Section 4(a)(iii)) issue or sell any additional shares
                  of Common Stock for a consideration per share less than the
                  Fair Market Value, then, effective on the date specified
                  below, the Aggregate Number shall be adjusted by multiplying
                  (A) the Aggregate Number immediately prior thereto by (B) a
                  fraction, the numerator of which shall be the sum of the
                  number of shares of Common Stock outstanding immediately prior
                  to the issuance of such additional shares of Common Stock
                  (calculated on a Fully Diluted basis) and the number of such
                  additional shares of Common Stock so issued and the
                  denominator of which shall be the sum of the number of shares
                  of Common Stock outstanding immediately prior to the issuance
                  of such additional shares of Common Stock (calculated on a
                  Fully Diluted basis) and the number of shares of Common Stock
                  which the aggregate consideration for the total number of such
                  additional shares of Common Stock so issued would purchase at
                  the Fair Market Value. The date as of which the Fair Market
                  Value shall be computed shall be the earlier of the date on
                  which the Company shall enter into a firm contract or
                  commitment for the issuance of such additional shares of
                  Common Stock or the date of actual issuance of such additional
                  shares of Common Stock.

      The provisions of this Section 4(a)(iii) shall not apply to any issuance
of additional shares of Common Stock for which an adjustment is otherwise
provided under Section 4(a)(i) hereof. No adjustment of the Aggregate Number
shall be made under this Section 4(a)(iii) upon:

                  (A) the issuance of any additional shares of Common Stock
            which are issued pursuant to (x) the exercise of other subscription
            or purchase rights or (y) the exercise of any conversion or exchange
            rights in any Convertible Securities, provided that for purposes of
            clauses (x) or (y) an adjustment shall previously have been made
            upon the issuance of such other rights or upon the issuance of such
            Convertible Securities pursuant to Section 4(a)(iv) or (v) hereof or
            no such adjustment shall have been required upon the issuance of
            such other rights or Convertible Securities;

                                       6

                  (B) the issuance of Common Stock in any merger or other
            acquisition of a business or Person approved by the Board of
            Directors of the Company;

                  (C) the issuance of Common Stock in a Qualified Public
            Offering;

                  (D) the issuance of Common Stock upon the exercise of rights
            issued in connection with the contemplated rights offering by the
            Company for the purpose of the redemption of the Series A
            Subordinated Convertible Notes and Series B Subordinated Convertible
            Notes issued by the Corporation (collectively, the "Subordinated
            Convertible Notes"), prior to the first anniversary of the issuance
            of the Subordinated Convertible Notes;

                  (E) the issuance of up to 1,500,000 shares of Common Stock
            issuable to unions of Hawaiian Airlines, Inc., in transactions
            approved by the Board of Directors of the Company;

                  (F) the issuance of shares of Common Stock upon the exercise
            of stock options or other awards made or denominated in shares of
            Common Stock under the Company's 2005 Stock Incentive Plan or any of
            the Company's other stock plans including any stock option, stock
            purchase, restricted stock or similar plan hereafter adopted by the
            Board of Directors of the Company and, if required by applicable law
            or stock exchange requirement, approved by the stockholders of the
            Company;

                  (G) the issuance of Common Stock on exercise or conversion of
            Convertible Securities outstanding on the Closing Date; or

                  (H) the issuance of Common Stock pursuant to Convertible
            Securities to financial institutions or similar entities in
            transactions approved by the Board of Directors of the Company, the
            principal purpose of which is not raising capital through the sale
            of equity securities.

                        (iv) Warrants and Options. If at any time or from time
                  to time the Company shall take a record of the holders of the
                  Common Stock for the purpose of entitling them to receive a
                  distribution of, or shall in any manner (whether directly, by
                  assumption in a merger in which the Company is the surviving
                  corporation and in which the shareholders of the Company
                  immediately prior to the merger continue to own more than
                  fifty percent (50%) of the outstanding Common Stock
                  immediately after the merger and for a period of one hundred
                  eighty (180) days thereafter, or otherwise) issue or sell any
                  warrants, options or other rights to subscribe for or
                  purchase, directly or indirectly, any Convertible Securities,
                  whether or not the rights to subscribe, purchase, exchange or
                  convert thereunder are immediately exercisable, and the
                  consideration per share for which additional shares of Common
                  Stock may at any time thereafter be issuable pursuant to

                                       7

                  such warrants, options or other rights or pursuant to the
                  terms of such Convertible Securities shall be less than the
                  Fair Market Value, then the Aggregate Number shall be adjusted
                  as provided in Section 4(a)(iii) hereof on the basis that (A)
                  the maximum number of additional shares of Common Stock
                  issuable pursuant to all such warrants, options or other
                  rights or necessary to effect the conversion or exchange of
                  all such Convertible Securities shall be deemed to have been
                  issued as of the date of the determination of the Fair Market
                  Value as hereinafter provided and (B) the aggregate
                  consideration for such maximum number of additional shares of
                  Common Stock shall be deemed to be the minimum consideration
                  received and receivable by the Company for the issuance of
                  such additional shares of Common Stock pursuant to the terms
                  of such warrants, options or other rights or such Convertible
                  Securities. For purposes of this Section 4(a)(iv), the
                  effective date of such adjustment and the date as of which the
                  Fair Market Value shall be computed shall be the earliest of
                  (x) the date on which the Company shall take a record of the
                  holders of the Common Stock for the purpose of entitling them
                  to receive any such warrants, options or other rights, (y) the
                  date on which the Company shall enter into a firm contract or
                  commitment for the issuance of such warrants, options or other
                  rights and (z) the date of actual issuance of such warrants,
                  options or other rights.

            No adjustment of the Aggregate Number shall be made under this
            Section 4(a)(iv) upon:

                  (A) the issuance of any warrants, options or other rights
            which are issued pursuant to the exercise of any warrants, options
            or other rights if an adjustment shall have been made or is
            contemporaneously made or if no such adjustment shall have been
            required upon the issuance of such warrants, options or other
            rights, pursuant to this Section 4(a)(iv);

                  (B) the issuance of warrants, options or other rights to
            subscribe for or purchase Convertible Securities in any merger or
            other acquisition of a business or Person approved by the Board of
            Directors of the Company;

                  (C) the issuance of warrants, options or other rights to
            subscribe for or purchase shares of Common Stock or other awards
            made or denominated in shares of Common Stock under the Company's
            2005 Stock Incentive Plan or any of the Company's other stock plans
            including any stock option, stock purchase, restricted stock or
            similar plan hereafter adopted by the Board of Directors of the
            Company and, if required by applicable law or stock exchange
            requirement, approved by the stockholders of the Company;

                  (D) the issuance of rights to purchase Common Stock issued in
            connection with the contemplated rights offering by the Company for
            the purpose of the redemption of the Subordinated Convertible Notes,
            prior to the first anniversary of the issuance of the Subordinated
            Convertible Notes; or

                                       8

                  (E) the issuance of options, warrants or other rights to
            subscribe for or purchase Convertible Securities to financial
            institutions or similar entities in transactions approved by the
            Board of Directors of the Company, the principal purpose of which is
            not raising capital through the sale of equity securities.

                        (v) Convertible Securities. If at any time or from time
                  to time the Company shall take a record of the holders of the
                  Common Stock for the purpose of entitling them to receive a
                  distribution of or shall in any manner (whether directly, by
                  assumption in a merger in which the Company is the surviving
                  corporation and in which the shareholders of the Company
                  immediately prior to the merger continue to own more than
                  fifty percent (50%) of the outstanding Common Stock
                  immediately after the merger and for a period of one hundred
                  eighty (180) days thereafter, or otherwise) issue or sell
                  Convertible Securities, whether or not the rights to exchange
                  or convert thereunder are immediately exercisable, and the
                  consideration per share for the additional shares of Common
                  Stock which may at any time thereafter be issuable pursuant to
                  the terms of such Convertible Securities shall be less than
                  the Fair Market Value, then the Aggregate Number shall be
                  adjusted as provided in Section 4(a)(iii) hereof on the basis
                  that (A) the maximum number of additional shares of Common
                  Stock necessary to effect the conversion or exchange of all
                  such Convertible Securities shall be deemed to have been
                  issued as of the date of the determination of the Fair Market
                  Value as herein provided and (B) the aggregate consideration
                  for such maximum number of additional shares of Common Stock
                  shall be deemed to be the minimum consideration received and
                  receivable by the Company for the issuance of such additional
                  shares of Common Stock pursuant to the terms of such
                  Convertible Securities. For purposes of this Section 4(a)(v),
                  the effective date of such adjustment and the date as of which
                  the Fair Market Value shall be computed shall be the earliest
                  of (x) the date on which the Company shall take a record of
                  the holders of the Common Stock for the purpose of entitling
                  them to receive any such Convertible Securities, (y) the date
                  on which the Company shall enter into a firm contract or
                  commitment for the issuance of such Convertible Securities and
                  (z) the date of actual issuance of such Convertible
                  Securities.

            No adjustment of the Aggregate Number shall be made under this
      Section 4(a)(v) upon:

                  (A) the issuance of any Convertible Securities which are
            issued pursuant to the exercise of any warrants, options or other
            subscription or purchase rights if an adjustment shall previously
            have been made or is contemporaneously made or if no such adjustment
            shall have been required upon the issuance of such warrants, options
            or other rights pursuant to Section 4(a)(iv) hereof;

                                       9

                  (B) the issuance of Convertible Securities in any merger or
            other acquisition of a business or Person approved by the Board of
            Directors of the Company;

                  (C) the issuance of Convertible Securities upon the exercise,
            conversion or the extension of the term of Convertible Securities
            outstanding on the Closing Date or the cancellation and reissuance
            with identical terms and conditions except for a longer term of any
            such Convertible Securities outstanding on the Closing Date; or

                  (D) the issuance of Convertible Securities to financial
            institutions or similar entities in transactions approved by the
            Board of Directors of the Company, the principal purpose of which is
            not raising capital through the sale of equity securities.

                        (vi) Subsequent Adjustments. If at any time after any
                  adjustment of the Aggregate Number shall have been made
                  pursuant to Section 4(a) (iv) or (v) hereof on the basis of
                  the issuance of warrants, options or other rights or the
                  issuance of Convertible Securities, or after any new
                  adjustments of the Aggregate Number shall have been made
                  pursuant to this Section 4(a)(vi), then:

                  (A) such warrants, options or rights or the right of
            conversion or exchange in such Convertible Securities shall expire,
            and all or a portion of such warrants, options or rights, or the
            right of conversion or exchange in respect of all or a portion of
            such Convertible Securities, as the case may be, shall not have been
            exercised prior to such expiration, then

                  (B) such previous adjustment shall be rescinded and annulled
            and the additional shares of Common Stock which were deemed to have
            been issued by virtue of the computation made in connection with
            such adjustment shall no longer be deemed to have been issued by
            virtue of such computation;

                  (C) simultaneously therewith, a recomputation shall be made of
            the effect of such warrants, options or rights or Convertible
            Securities on the determination of the Aggregate Number, which shall
            be made on the basis of treating the number of additional shares of
            Common Stock, if any, theretofore actually issued pursuant to any
            previous exercise of such warrants, options or rights or such right
            of conversion or exchange as having been issued on the date or dates
            of such exercise and, in the case of a recomputation of a
            calculation originally made pursuant to Section 4(a)(iv) or (v), for
            the consideration actually received and receivable therefor;

                  and, if and to the extent called for by the foregoing
            provisions of Section 4(a)(vi) on the basis aforesaid, a new
            adjustment of the Aggregate Number shall be made, such new
            adjustment shall supersede the previous adjustment so rescinded and
            annulled.

                                       10

                        (vii) Miscellaneous. The following provisions shall be
                  applicable to the making of adjustments of the Aggregate
                  Number provided above in this Section 4(a):

                  (A) Whenever the Aggregate Number is adjusted pursuant to this
            Section 4(a), the Warrant Purchase Price per Warrant Share payable
            upon exercise of this Warrant shall be adjusted by multiplying the
            Warrant Purchase Price immediately prior to such adjustment by a
            fraction, the numerator of which shall be the Aggregate Number prior
            to such adjustment, and the denominator of which shall be the
            Aggregate Number following such adjustment.

                  (B) The sale or other disposition of any issued shares of
            Common Stock owned or held by or for the account of the Company or
            any of its Subsidiaries shall be deemed an issuance thereof for the
            purposes of this Section 4(a).

                  (C) To the extent that any additional shares of Common Stock
            or any Convertible Securities or any warrants, options or other
            rights to subscribe for or purchase any Convertible Securities (1)
            are issued solely for cash consideration, the consideration received
            by the Company therefor shall be deemed to be the amount of the cash
            received by the Company therefor or (2) are offered by the Company
            for subscription, the consideration received by the Company shall be
            deemed to be the subscription price, in any such case excluding any
            amounts paid or receivable for accrued interest or accrued or
            accumulated dividends. To the extent that such issuance shall be for
            a consideration other than cash, or partially for cash and partially
            for other consideration, then the amount of such consideration shall
            be deemed to be the fair market value of such other consideration
            plus, if applicable, the amount of such cash at the time of such
            issuance, determined in the manner set forth in Section 4(d)(ii). In
            case any additional shares of Common Stock or any Convertible
            Securities or any warrants, options or other rights to subscribe for
            or purchase any Convertible Securities shall be issued in connection
            with any merger in which the Company is the survivor and issues any
            securities, the amount of consideration therefor shall be deemed to
            be the fair market value of such additional shares of Common Stock,
            Convertible Securities, warrants, options or other rights, as the
            case may be, determined in the manner set forth in Section 4(d)(ii).

                  The consideration for any shares of Common Stock issuable
            pursuant to the terms of any Convertible Securities shall be equal
            to (x) the consideration received by the Company for issuing any
            warrants, options or other rights to subscribe for or purchase such
            Convertible Securities, plus (y) the consideration paid or payable
            to the Company in respect of the subscription for or purchase of
            such Convertible Securities, plus (z) the consideration, if any,
            payable to the Company upon the exercise of the right of conversion
            or exchange of such Convertible Securities.

                                       11

                  In case of the issuance at any time of any additional shares
            of Common Stock or Convertible Securities in payment or satisfaction
            of any dividends upon any class of stock other than Common Stock,
            the Company shall be deemed to have received for such additional
            shares of Common Stock or Convertible Securities a consideration
            equal to the amount of such dividend so paid or satisfied.

                  (D) The adjustments required by the preceding paragraphs of
            this Section 4(a) shall be made whenever and as often as any
            specified event requiring an adjustment shall occur, except that no
            adjustment of the Aggregate Number that would otherwise be required
            shall be made if the amount of such adjustment shall be less than
            one percent (1%) of the number of Warrant Shares issuable upon
            exercise of the Warrants immediately prior to such adjustment. Any
            adjustment representing a change of less than such minimum amount
            (except as aforesaid) shall be carried forward and made as soon as
            such adjustment, together with other adjustments required by this
            Section 4(a) and not previously made, would result in a minimum
            adjustment. For the purpose of any adjustment, any specified event
            shall be deemed to have occurred at the close of business on the
            date of its occurrence.

                  (E) In computing adjustments under this Section 4(a),
            fractional interests in Common Stock shall be taken into account to
            the nearest one-thousandth of a share.

                  (F) If the Company shall take a record of the holders of the
            Common Stock for the purpose of entitling them to receive a dividend
            or distribution or subscription or purchase rights and shall,
            thereafter and before the distribution to shareholders thereof,
            legally abandon its plan to pay or deliver such dividend,
            distribution, subscription or purchase rights, then no adjustment
            shall be required by reason of the taking of such record and any
            such adjustment previously made in respect thereof shall be
            rescinded and annulled.

      (b) Changes in Common Stock. In case at any time the Company shall
initiate any transaction or be a party to any transaction (including, without
limitation, a merger, consolidation, share exchange, sale, lease or other
disposition of all or substantially all of the Company's assets, liquidation,
recapitalization or reclassification of the Common Stock) in connection with
which the previous outstanding Common Stock shall be changed into or exchanged
for different securities of the Company or Capital Stock or other securities of
another corporation or interests in a non-corporate entity or other property
(including cash) or any combination of the foregoing (each such transaction
being herein called a "Transaction"), then, as a condition of the consummation
of the Transaction and without duplication of any adjustment made pursuant to
Section 4(a)(i), lawful, enforceable and adequate provision shall be made so
that the Holder shall be entitled to receive upon exercise of this Warrant at
any time on or after the consummation of the Transaction, in lieu of the Warrant
Shares issuable upon such exercise prior to such consummation, the securities or
other property (including cash) to which such Holder would have been entitled
upon consummation of the Transaction if such Holder had exercised this Warrant
immediately prior thereto (subject to adjustments from and after the
consummation date as nearly

                                       12

equivalent as possible to the adjustments provided for in this Section 4). The
foregoing provisions of this Section 4(b) shall similarly apply to successive
Transactions.

      (c) Other Action Affecting Capital Stock. In case at any time or from time
to time the Company shall take any action of the type contemplated in Section
4(a) or (b) hereof but not expressly provided for by such provisions (other than
the granting of stock appreciation rights, phantom stock rights or other rights
with equity features) other than cash bonuses, then, unless in the opinion of
the Company's Board of Directors such action will not have a material adverse
effect upon the rights of the Holder (taking into consideration, if necessary,
any prior actions which the Company's Board of Directors deemed not to
materially adversely affect the rights of the Holder), the Aggregate Number
shall be adjusted in such manner and at such time as the Company's Board of
Directors may in good faith determine to be equitable in the circumstances.

      (d) Notices.

                  (i) Notice of Proposed Actions. In case the Company shall
            propose (A) to pay any dividend payable in stock of any class to the
            holders of the Common Stock or to make any other distribution to the
            holders of the Common Stock, (B) to offer to the holders of the
            Common Stock rights to subscribe for or to purchase any Convertible
            Securities or additional shares of Common Stock or shares of stock
            of any class or any other securities, warrants, rights or options,
            (other than the exercise of pre-emptive rights by such a holder) (C)
            to effect any reclassification of the Common Stock, (D) to effect
            any recapitalization, stock subdivision, stock combination or other
            capital reorganization, (E) to effect any consolidation or merger,
            share exchange, or sale, lease or other disposition of all or
            substantially all of its property, assets or business, (F) to effect
            the liquidation, dissolution or winding up of the Company, or (G) to
            effect any other action which would require an adjustment under this
            Section 4, then in each such case the Company shall give to the
            Holder written notice of such proposed action, which shall specify
            the date on which a record is to be taken for the purposes of such
            stock dividend, stock subdivision, stock combination, distribution
            or rights, or the date on which such reclassification,
            recapitalization, reorganization, consolidation, merger, share
            exchange, sale, lease, transfer, disposition, liquidation,
            dissolution, winding up or other transaction is to take place and
            the date of participation therein by the holders of Common Stock, if
            any such date is to be fixed, or the date on which the transfer of
            Common Stock is to occur, and shall also set forth such facts with
            respect thereto as shall be reasonably necessary to indicate the
            effect of such action on the Common Stock and on the Aggregate
            Number after giving effect to any adjustment which will be required
            as a result of such action. Such notice shall be so given in the
            case of any action covered by clause (A) or (B) above at least ten
            (10) days prior to the record date for determining holders of the
            Common Stock for purposes of such action and, in the case of any
            other such action, at least ten (10) days prior to the earlier of
            the date of the taking of such proposed action or the date of
            participation therein by the holders of Common Stock.

                                       13

                  (ii) Adjustment Notice. Whenever the Aggregate Number is to be
            adjusted pursuant to this Section 4, unless otherwise agreed by the
            Holder, the Company shall promptly (and in any event within twenty
            (20) Business Days after the event requiring the adjustment) prepare
            a certificate signed by the Chief Financial Officer of the Company,
            setting forth, in reasonable detail, the event requiring the
            adjustment and the method by which such adjustment is to be
            calculated. The Company shall keep at its principal office copies of
            all such certificates and cause the same to be available for
            inspection at said office during normal business hours by the Holder
            or any prospective purchaser of the Warrant (in whole or in part) if
            so designated by the Holder.

      5. No Dilution or Impairment. The Company will not, by amendment of its
Certificate of Incorporation or through any reorganization, recapitalization,
transfer of assets, consolidation, merger, share exchange, dissolution or any
other voluntary action, avoid or seek to avoid the observance or performance of
any of the terms of this Warrant, including, without limitation, the adjustments
required under Section 4 hereof, and will at all times in good faith assist in
the carrying out of all such terms and in taking of all such action as may be
necessary or appropriate to protect the rights of the Holder against dilution or
other impairment. Without limiting the generality of the foregoing and
notwithstanding any other provision of this Warrant to the contrary (including
by way of implication), the Company (a) will not increase the par value of any
shares of Common Stock receivable on the exercise of this Warrant above the
amount payable therefor on such exercise or (b) will take all such action as may
be necessary or appropriate so that the Company may validly and legally issue
fully paid and nonassessable shares of Common Stock on the exercise of this
Warrant.

      6. Definitions. The terms defined in this Section 6, whenever used in this
Warrant, shall, unless the context otherwise requires, have the respective
meanings hereinafter specified:

            (a) "Aggregate Number" shall have the meaning set forth in the
      recitals hereto.

            (b) "Business Day" shall mean any day other than a Saturday, Sunday
      or other day on which commercial banks in The City of New York are
      authorized or required by law or executive order to close.

            (c) "Capital Stock" shall mean (a) with respect to any Person that
      is a corporation, any and all shares, interests or equivalents in capital
      stock (whether voting or nonvoting, and whether common or preferred) of
      such corporation, and (b) with respect to any Person that is not a
      corporation, any and all partnership, membership, limited liability
      company or other equity interests of such Person that confer on a Person
      the right to receive a share of the profits and losses of, or the
      distribution of assets of, the issuing Person; and in each case, any and
      all warrants, rights or options to purchase, and all conversion or
      exchange rights, voting rights, calls or rights of any character with
      respect to, any of the foregoing, including, without limitation, any
      rights in respect of any change in the value of any of the foregoing,
      including stock appreciation rights and similar interests.

            (d) "Cashless Exercise" shall have the meaning set forth in Section
      1(b).

                                       14

            (e) "Closing Date" shall mean June 1, 2005.

            (f) "Common Stock" shall mean the Common Stock, par value $.01 per
      share, of the Company or any other Capital Stock of the Company into which
      such stock is reclassified or reconstituted.

            (g) "Company" shall have the meaning set forth in the introductory
      paragraph hereto.

            (h) "Convertible Securities" shall mean evidences of indebtedness,
      shares of stock or other securities (including, without limitation,
      options and warrants) which are directly or indirectly convertible,
      exercisable or exchangeable, with or without payment of additional
      consideration in cash or property, for shares of Common Stock, either
      immediately or upon the onset of a specified date or the happening of a
      specified event.

            (i) "Distribution" shall have the meaning set forth in Section
      4(a)(ii).

            (j) "Equity Commitment Letter" shall mean that certain agreement
      between RC Aviation, LLC and the Company dated August 24, 2004 for the
      provision of, among other things, equity financing to the Company in an
      amount up to $60 million.

            (k) "Fair Market Value" shall mean, with respect to a share of
      Common Stock on any date: (i) the fair market value of the outstanding
      Common Stock over then ten (10) trading days prior to the date of
      calculation based upon (a) if the Common Stock is listed on a national
      securities exchange, the closing price per share of Common Stock on each
      such day published in The Wall Street Journal (National Edition) or, if no
      such closing price on each such day is published in The Wall Street
      Journal (National Edition), the average of the closing bid and asked
      prices on each such day, as officially reported on the principal national
      securities exchange on which the Common Stock is then listed or admitted
      to trading; (b) if the Common Stock is not then listed or admitted to
      trading on any national securities exchange, but is designated as a
      national market system security, the last trading price of the Common
      Stock on each such day; and (c) if there shall have been no trading on any
      such day or if the Common Stock is not so designated, the average of the
      reported closing bid and asked price of the Common Stock, on each such day
      as shown by NASDAQ and reported by any member firm of the NYSE selected by
      the Company; or (ii) if none of (i)(a), (b) or (c) is applicable, a market
      price per share determined in good faith by the Board of Directors of the
      Company, which shall be deemed to be "Fair Market Value".

            (l) "Fully Diluted" shall mean, with respect to the Common Stock as
      of a particular time, the total number of outstanding shares of Common
      Stock as of such time as determined by treating (i) the shares issuable
      under the Warrants as having been issued and (ii) all outstanding and
      "in-the-money" and then exercisable Convertible Securities, as having been
      converted, exercised or exchanged and the shares issuable thereunder as
      having been issued.

            (m) "Holder" shall mean any holder of an interest in the Warrant or
      the outstanding Warrant Shares who becomes a holder in compliance with
      Section 2 hereof.

            (n) "Person" shall mean any individual, firm, corporation, limited
      liability

                                       15

      company, partnership, trust, incorporated or unincorporated association,
      joint venture, joint stock company, Governmental Authority or other entity
      of any kind, and shall include any successor (by merger or otherwise) of
      such entity.

            (o) "Qualified Public Offering" shall mean the consummation of a
      firm commitment public offering of the Common Stock of the Company by a
      nationally recognized investment banking firm pursuant to an effective
      registration statement under the Securities Act covering the offer and
      sale of such securities for cash for the account of the Company.

            (p) "Required Holders" shall mean the holders of a majority of the
      Total Warrant Shares.

            (q) Securities Act" shall mean the Securities Act of 1933, as
      amended, or any similar federal statute, and the rules and regulations
      thereunder as the same shall be in effect at the time.

            (r) "Stock Combination" shall have the meaning set forth in Section
      4(a)(i).

            (s) "Stock Dividend" shall have the meaning set forth in Section
      4(a)(i).

            (t) "Stock Subdivision" shall have the meaning set forth in Section
      4(a)(i).

            (u) "Total Warrants" shall mean this Warrant, together with any
      portions thereof assigned or transferred.

            (v) "Total Warrant Shares" shall mean the shares of Common Stock
      issuable upon exercise of the Total Warrants and which have not been so
      exercised.

            (w) "Transaction" shall have the meaning set forth in Section 4(b).

            (x) "Warrant Purchase Price" shall mean the purchase price of $7.20
      per share of Common Stock payable upon exercise of this Warrant, as
      adjusted as provided herein.

            (y) "Warrants" shall mean this Warrant and all Warrants issued in
      exchange, transfer or replacement thereof.

            (z) "Warrant Shares" shall have the meaning set forth in the fourth
      paragraph hereto.

            (aa) As used herein, any reference to a specified percentage of
      Warrants or Warrant Shares shall exclude any Warrants or Warrant Shares
      held by the Company or a subsidiary thereof.

      7. Exchange, Replacement and Assignability . This Warrant is exchangeable,
upon the surrender hereof by the Holder at the office or agency of the Company
described in Section 1, for new Warrants of like tenor and date representing in
the aggregate the right to purchase the number of shares which may be purchased
hereunder, each of such new Warrants to represent the right to purchase such
number of shares as shall be designated by such Holder at the time of

                                       16

such surrender. Upon receipt of evidence satisfactory to the Company of the
loss, theft, destruction or mutilation of Warrants and, in the case of any such
loss, theft or destruction, of an indemnity letter (reasonably satisfactory to
the Company) of an institutional holder of such Warrants, or in other cases, of
a bond of indemnity or other security satisfactory to the Company, or, in the
case of any such mutilation, upon surrender or cancellation of Warrants, the
Company will issue to the Holder a new Warrant of like tenor and date, in lieu
of this Warrant or such new Warrants, representing the right to purchase the
number of shares which may be purchased hereunder. Subject to compliance with
Section 2, this Warrant and all rights hereunder are transferable in whole or in
part upon the books of the Company by the registered holder hereof in person or
by duly authorized attorney, and new Warrants shall be made and delivered by the
Company, of the same tenor and date as this Warrant but registered in the name
of the transferees, upon surrender of this Warrant, duly endorsed, to the
appropriate office or agency of the Company. All expenses, taxes (other than
stock transfer taxes) and other charges payable in connection with the
preparation, execution and delivery of Warrants pursuant to this Section 7 shall
be paid by the Company.

      8. Transfer Books, No Rights as Stockholder, Survival of Rights. The
Company will at no time close its transfer books against the transfer of this
Warrant or any Warrant Shares in any manner which interferes with the timely
exercise of this Warrant. This Warrant shall not entitle the Holder to any
voting rights or any rights as a stockholder of the Company. The rights and
obligations of the Company, of the Holder of this Warrant and of any Holder of
Warrant Shares issued upon exercise of this Warrant pursuant to the terms of
this Warrant shall survive the exercise of this Warrant.

      9. Omissions and Indulgences; Amendment and Waiver.

      (a) It is agreed that any waiver, permit, consent or approval of any kind
or character on the Holder's part of any breach or default under this Warrant,
or any waiver on the Holder's part of any provisions or conditions of this
Warrant must be in writing.

      (b) Any amendment, supplement or modification of or to any provision of
this Warrant, any waiver of any provision of this Warrant and any consent to any
departure by any party from the terms of any provision of this Warrant shall be
effective only if it is made or given in writing and signed by the Company and
the Required Holders; provided, however, that no such amendment, supplement or
modification may be made without the written consent of the Holder if such
amendment, supplement or modification changes the Aggregate Number, the Warrant
Purchase Price or the expiration date of this Warrant.

      (c) Any amendment or waiver consented to as provided in this Section 9 is
binding upon each future holder of this Warrant and upon the Company without
regard to whether this Warrant has been marked to indicate such amendment or
waiver.

      10. Rights of Transferees. Subject to compliance with Section 2, the
rights granted to the Holder hereunder of this Warrant shall pass to and inure
to the benefit of all subsequent transferees of all or any portion of the
Warrant (provided that the Holder and any transferee shall hold such rights in
proportion to their respective ownership of the Warrant and Warrant Shares)
until extinguished pursuant to the terms hereof.

                                       17

      11. Captions. The titles and captions of the Sections and other provisions
of this Warrant are for convenience of reference only and are not to be
considered in construing this Warrant.

      12. Notices. All notices, demands and other communications provided for or
permitted hereunder shall be made in writing and shall be by registered or
certified first-class mail, return receipt requested, telecopy, overnight
courier service or personal delivery:

            (a) if to the Company:

                   Hawaiian Holdings, Inc.
                   12730 High Bluff Drive
                   Suite 180
                   San Diego, California  92130

                   Attention: Chief Executive Officer
                   Facsimile:

                   with copies to:

                   Dechert LLP
                   30 Rockefeller Plaza
                   New York, New York 10112
                   Attention: Charles I. Weissman, Esq.
                   Facsimile: (212) 698-3599

            (b) if to the Holder:

                   Facsimile:

                   with copies to:

All such notices and communications shall be deemed to have been duly given:
when delivered by hand, if personally delivered; when delivered by courier, if
delivered by commercial overnight courier service; five (5) Business Days after
being deposited in the mail, postage prepaid, if mailed; and when receipt is
acknowledged, if telecopied.

      13. Successors and Assigns. This Warrant shall be binding upon and inure
to the benefit of the parties hereto and their respective successors or heirs
and personal representatives and permitted assigns; provided, that the Company
shall have no right to assign its rights, or to delegate its obligations,
hereunder without the prior written consent of the Holder.

      14. Governing Law. THIS WARRANT IS TO BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE AND WITHOUT
REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF SUCH STATE.

                                       18

      15. Severability. If any one or more of the provisions contained herein,
or the application thereof in any circumstance, is held invalid, illegal or
unenforceable in any respect for any reason, the validity, legality and
enforceability of any such provision in every other respect and of the remaining
provisions hereof shall not be in any way impaired, unless the provisions held
invalid, illegal or unenforceable shall substantially impair the benefits of the
remaining provisions hereof. The parties hereto further agree to replace such
invalid, illegal or unenforceable provision of this Warrant with a valid, legal
and enforceable provision that will achieve, to the extent possible, the
economic, business and other purposes of such invalid, illegal or unenforceable
provision.

      16. Entire Agreement. This Warrant contains the entire agreement among the
parties with respect to the subject matter hereof and thereby supercedes all
prior and contemporaneous agreements or understandings with respect thereto.

      17. No Strict Construction. The Company and the Holder each acknowledge
that they have been represented by counsel in connection with this Warrant. The
Company and the Holder have participated jointly in the negotiation and drafting
of this Warrant. In the event an ambiguity or question of intent or
interpretation arises under any provision of this Warrant, this Warrant shall be
construed as if drafted jointly by the parties thereto, and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the
authorship of any of the provisions of this Warrant.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       19

      IN WITNESS WHEREOF, Hawaiian Holdings, Inc. has caused this Warrant to be
signed by its duly authorized officer under its corporate seal, duly attested by
its authorized officer, and dated as of __________ __, 2005.

                             HAWAIIAN HOLDINGS, INC.

                             By:_______________________________
                                  Name:
                                  Title:

ATTEST:

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

                                       20

                                SUBSCRIPTION FORM

To:      Hawaiian Holdings, Inc.
         12730 High Bluff Drive
         Suite 180
         San Diego, California  92130
         Attention: Chief Executive Officer
         Facsimile:

      1. The undersigned, pursuant to the provisions of the attached Warrant,
hereby elects to exercise this Warrant with respect to ________ shares of Common
Stock (the "Exercise Amount"). Capitalized terms used but not otherwise defined
herein have the meanings ascribed thereto in the attached Warrant.

      2. The undersigned herewith tenders payment for such shares in the
following manner (please check type, or types, of payment and indicate the
portion of the Exercise Price to be paid by each type of payment):

         ____     Exercise for Cash ___________________
         ____     Cashless Exercise ___________________

      3. Please issue a certificate or certificates representing the shares
issuable in respect hereof under the terms of the attached Warrant, as follows:

                                          ----------------------------------
                                          (Name of Record Holder/Transferee)

and deliver such certificate or certificates to the following address:

                                          ----------------------------------
                                          (Address of Record Holder/Transferee)

4.   The undersigned represents that the aforesaid shares are being acquired for
     the account of the undersigned for investment and not with a view to, or
     for resale in connection with, the distribution thereof and that the
     undersigned has no present intention of distributing or reselling such
     shares.

5.   If the Exercise Amount is less than all of the shares of Common Stock
     purchasable hereunder, please issue a new warrant representing the
     remaining balance of such shares, as follows:

                                              ----------------------------------
                                              (Name of Record Holder/Transferee)

and deliver such warrant to the following address:

                                           -------------------------------------
                                           (Address of Record Holder/Transferee)

                                           -------------------------------------
                                           (Signature)

-------------------------------------
(Date)

                                       2<PAGE>

                                                                    EXHIBIT 10.1

                                 ENHERENT CORP.
                            2005 STOCK INCENTIVE PLAN

1.    PURPOSE.

The purpose of the enherent Corp. 2005 Stock Incentive Plan (the "Plan") is to
align the interests of directors, officers, other employees and consultants of
enherent Corp., a Delaware corporation, (the "Company") and its subsidiaries
with those of the stockholders of the Company; to attract, motivate and retain
the best available executive personnel and key employees of the Company and its
subsidiaries by permitting them to acquire or increase their proprietary
interest in the Company; and to reward the performance of individual officers
and other employees in fulfilling their personal responsibilities for long-range
achievements.

2.    DEFINITIONS.

The following terms, as used herein, shall have the following meanings:

(a) "Award" shall mean an Option or Restricted Stock granted pursuant to the
Plan.

(b) "Award Agreement" shall mean any written agreement, contract or other
instrument or document between the Company and a Participant evidencing an
Award.

(c) "Board" shall mean the Board of Directors of the Company.

(d) "Cause" shall mean (i) the engaging by the Participant in willful misconduct
that is materially injurious to the Company, (ii) the embezzlement or
misappropriation of funds or property of the Company by the Participant or the
conviction of the Participant of a felony or the entrance of a plea of guilty or
nolo contendere by the Participant to a felony, or (iii) the willful failure or
refusal by the Participant to substantially perform his duties or
responsibilities that continues after being brought to the attention of the
Participant (other than any such failure resulting from the Participant's
incapacity due to disability). For purposes of this paragraph, no act, or
failure to act, on the Participant's part shall be considered willful unless
done, or omitted to be done, by him not in good faith and without reasonable
belief that his action or omission was in the best interest of the Company.
Determination of Cause shall be made by the Committee in its sole discretion.
Any such determination shall be final and binding on a Participant.

(e) "Code" shall mean the Internal Revenue Code of 1986, as amended from time to
time.

(f) "Committee" shall mean the committee of the Board appointed to administer
the Plan which shall be comprised of at least three members who shall qualify as
"non-employee directors" within the meaning of Rule 16b-3 issued under the
Exchange Act and, to the extent determined advisable by the Board, as "outside
directors" within the meaning of Section 162(m) of the Code.

                                        1
<PAGE>

(g) "Common Stock" shall mean the common stock, par value $0.001 per share, of
the Company.

(h) "Company" shall have the meaning set forth in Section 0 hereof.

(i) "Effective Date" shall have the meaning set forth in Section 0 hereof.

(j) "Exchange Act" shall mean the Securities Exchange Act of 1934, as amended
from time to time.

(k) "Fair Market Value" of a share of Common Stock on any date shall be (A) if
the Common Stock is admitted to trading on a national securities exchange, Fair
Market Value on any date shall be the last sale price reported for the Common
Stock on such exchange on such date or, if none, the next earlier date on which
a sale was reported, (B) if the Common Stock is admitted to quotation on the
Nasdaq National Market or other comparable quotation system, Fair Market Value
on any date shall be the last sale price reported for the Common Stock on such
system on such date or, if none, the next earlier date on which a sale was
reported, or (C) if the Common Stock is admitted to quotation on the Nasdaq
Stock Market, Fair Market Value on any date shall be the average of the highest
bid and lowest asked prices of the Common Stock on such system on such date or,
if none, the next earlier date on which a sale was reported. If none of the
foregoing apply, the Fair Market Value of a share of Common Stock shall be
determined by the Committee in its sole discretion pursuant to such policies as
to valuation as may be adopted be the Board.

(l) "Incentive Stock Option" shall mean an Option that meets the requirements of
Section 422 of the Code, or any successor provision, and is designated by the
Committee as an Incentive Stock Option.

(m) "Non-Employee Director" shall mean a member of the Board who is not also an
employee of the Company or a subsidiary.

(n) "Nonqualified Stock Option" shall mean an Option other than an Incentive
Stock Option.

(o) "Option" shall mean the right, granted pursuant to the Plan, to purchase
shares of Common Stock.

(p) "Partial Disability" shall mean that the Committee has determined, in its
sole discretion, that a Participant is partially disabled.

(q) "Participant" shall mean an officer, other employee or consultant of the
Company who is selected by the Committee to participate in the Plan and a
Non-Employee Directors eligible to participate in the Plan pursuant to Section 0
hereof.

(r) "Permanent Disability" means, unless otherwise determined by the Committee,
that the Participant has been determined to be disabled under the terms of a
long-term disability plan maintained by the Company or subsidiaries. If the
Participant is a Non-Employee Director, or is not covered by such a long-term
disability plan, then permanent disability shall be determined by the Committee
in its sole discretion.

                                        2
<PAGE>

(s) "Plan" shall have the meaning set forth in Section 0 hereof.

(t) "Plan Year" shall mean the Company's fiscal year.

(u) "Restricted Period" shall mean the period beginning on the date of grant of
Restricted Stock and ending on the date of vesting of such stock

(v) "Restricted Stock" shall mean shares of Common Stock transferred to the
Participant which are subject to forfeiture or other restrictions established by
the Committee.

(w) "Retirement" shall mean the Participant's termination of employment or
termination of service on the Board, as applicable, by reason of retirement, as
determined by the Committee in its sole discretion.

(x) "Securities Act" shall mean the Securities Act of 1933, as amended from time
to time, and as now or hereafter construed, interpreted and applied by
regulations, rulings and cases.

(y) "Ten Percent Stockholder" shall mean a Participant who, at the time an
Incentive Stock Option is to be granted to such Participant, owns (within the
meaning of Section 422(b)(6) of the Code) stock possessing more than ten percent
(10%) of the total combined voting power of all classes of stock of the Company
within the meaning of Sections 422(e) and 422(f), respectively, of the Code.

3.    ADMINISTRATION.

The Plan shall be administered by the Committee. The Committee shall have the
authority, in its sole discretion, subject to and not inconsistent with the
express provisions of the Plan, to administer the Plan and to exercise all the
powers and authorities either specifically granted to it under the Plan or
necessary or advisable in connection with the administration of the Plan,
including, without limitation, the authority to grant Awards; to determine the
persons to whom and the time or times at which Awards shall be granted; to
determine the type and number of Awards to be granted, the number of shares of
Common Stock to which an Award may relate and the terms, conditions,
restrictions and performance criteria relating to any Award; to determine
whether, to what extent, and under what circumstances an Award may be settled,
cancelled, adjusted, forfeited, exchanged, or surrendered or accelerated; to
construe and interpret the Plan and any Award; to prescribe, amend and rescind
rules and regulations relating to the Plan; to determine the terms and
provisions of Award Agreements, consistent with the terms and provisions of the
Plan; and to make all other determinations deemed necessary or advisable for the
administration of the Plan, consistent with the terms and provisions of the
Plan.

4.    ELIGIBILITY.

Awards may be granted to officers, other employees and consultants of the
Company in the sole discretion of the Committee. In determining the persons to
whom Awards shall be granted and the type of Award, the Committee shall take
into account such factors as the Committee shall deem relevant in connection
with accomplishing the purposes of the Plan. In addition, Non-Employee Directors
of the Company will be granted Options solely as set forth in Section 7.

                                        3
<PAGE>

5.    STOCK SUBJECT TO THE PLAN.

(a) Number of Shares. The maximum number of shares of Common Stock reserved for
issuance pursuant to the Plan shall be 4,000,000, subject to equitable
adjustment as provided in Section 5(b) below. Such shares may, in whole or in
part, be authorized but unissued shares or shares that shall have been or may be
reacquired by the Company in the open market, in private transactions or
otherwise. If any shares subject to an Award are forfeited, cancelled, exchanged
or surrendered or if an Award otherwise terminates or expires without a
distribution of shares to the Participant, the shares of Common Stock with
respect to such Award shall, to the extent of any such forfeiture, cancellation,
exchange, surrender, termination or expiration, again be available for Awards
under the Plan.

(b) Equitable Adjustment. In the event that an extraordinary transaction or
other event or circumstance affecting the Common Stock shall occur, including,
but not limited to, any dividend or other distribution (whether in the form of
cash, stock or other property), recapitalization, stock split, reverse stock
split, reorganization, merger, consolidation, spin-off, combination, repurchase,
share exchange, sale of assets or other similar transaction or event, and the
Committee determines that a change or adjustment in the terms of any Award is
appropriate, then the Committee may, in its sole discretion, make such equitable
changes or adjustments or take any other actions that it deems necessary or
appropriate (which shall be effective at such time as the Committee in its sole
discretion determines), including, but not limited to (A) causing changes or
adjustments to any or all of (i) the number and kind of shares of stock or other
securities or property which may thereafter be issued under the Plan in
connection with Awards (including Awards to Non-Employee Directors pursuant to
Section 0 hereof), (ii) the number and kind of shares of stock or other
securities or property issued or issuable in respect of outstanding Awards,
(iii) the exercise price relating to any Award, and (iv) the limitation on
Option and Restricted Stock grants pursuant to Section 0 and Section 8(d)hereof,
respectively, and (B) cancelling outstanding Awards in exchange for replacement
awards or cash, it being understood that the Committee shall have the authority
to cause different changes or adjustments to be made to any Awards held by
Participants even if such Awards are identical and such Participants are
similarly situated; further, provided, however, that with respect to Options
which are intended by the Committee to remain Incentive Stock Options subsequent
to any such adjustment, such adjustment shall be made in accordance with Section
424 of the Code.

6.    STOCK OPTIONS.

Each Option granted pursuant to this Section 0 shall be evidenced by an Award
Agreement, in such form and containing such terms and conditions as the
Committee shall from time to time approve, which Award Agreement shall comply
with and be subject to the following terms and conditions, as applicable.

(a) Stock Options

(1) Number of Shares. Each Award Agreement shall state the number of shares of
Common Stock to which the Option relates.

                                        4
<PAGE>

(2) Type of Option. Each Award Agreement shall state that the Option constitutes
an Incentive Stock Option or a Nonqualified Stock Option. Any Option which is
intended to be an Incentive Stock Option that does not satisfy the requirements
of Code Section 422 shall be deemed to be a Nonqualified Stock Option.

(3) Option Exercise Price. Each Award Agreement shall state the Option exercise
price, which, except as provided in Section 0 below, shall not be less than one
hundred percent (100%) of the Fair Market Value of the shares of Common Stock
covered by the Option on the date of grant. The Option exercise price shall be
subject to equitable adjustment as provided in Section 0 hereof. Unless
otherwise expressly stated in the Committee resolution granting an Option, the
date as of which the Committee adopts the resolution granting an Option shall be
considered the day on which such Option is granted.

(4) Method and Time of Payment. The Option exercise price shall be paid in full,
at the time of exercise, in cash, in shares of Common Stock having a Fair Market
Value equal to such Option exercise price, in a combination of cash and Common
Stock (or other consideration deemed acceptable by the Committee) or, in the
sole discretion of the Committee, through a cashless exercise procedure.

(5) Term and Exercisability of Options. Each Award Agreement shall provide that
each Option shall become exercisable over a period determined by the Committee
in its discretion; provided, that the Committee shall have the authority to
accelerate the exercisability of any outstanding Option at such time and under
such circumstances as it, in its sole discretion, deems appropriate. The
exercise period shall be not more than ten (10) years from the date of the grant
of the Option, or such shorter period as is determined by the Committee. The
exercise period shall be subject to earlier termination as provided in Section 0
hereof. An Option may be exercised, as to any or all full shares of Common Stock
as to which the Option has become exercisable, by written notice delivered in
person or by mail to the Secretary of the Company, specifying the number of
shares of Common Stock with respect to which the Option is being exercised,
together with payment in full of the Option exercise price. For purposes of the
preceding sentence, the date of exercise will be deemed to be the date upon
which the Secretary of the Company receives both the notification and such
payment.

(6) Termination. If a Participant's employment by the Company terminates, the
Committee will have the exclusive authority to determine if and for how long,
and under what conditions, such Option may be exercised after such termination;
provided, however, that in no event will an Option continue to be exercisable
beyond the expiration date of such Option; provided, further, that if an Award
is an Incentive Stock Option, such Incentive Stock Option must be exercised
within ninety (90) days after any termination which is not a result of death or
Permanent Disability.

(7) Incentive Stock Options. Options granted as Incentive Stock Options shall be
subject to the following special terms and conditions, in addition to the
general terms and conditions specified in this Section 0.

      (A) Value of Shares. The aggregate Fair Market Value (determined as of the
      date the Incentive Stock Option is granted) of the shares of Common Stock
      with respect to which

                                        5
<PAGE>

      Incentive Stock Options granted under this Plan and all other plans of the
      Company become exercisable for the first time by each Participant during
      any calendar year shall not exceed $100,000.

      (B) Ten Percent Stockholder. In the case of an Incentive Stock Option
      granted to a Ten Percent Stockholder, (x) the option exercise price shall
      not be less than one hundred ten percent (110%) of the Fair Market Value
      of the shares of Common Stock on the date of grant of such Incentive Stock
      Option, and (y) the exercise period shall not exceed five (5) years from
      the date of grant of such Incentive Stock Option.

(8) Maximum Grant of Options. No Plan Participant may receive an Award or Awards
of Options covering in excess of 4,000,000 shares of Common Stock in any Plan
Year.

7.    NON-EMPLOYEE DIRECTOR OPTIONS.

Notwithstanding any other provision of the Plan to the contrary, the provisions
of this Section 0 shall apply to and govern grants of Options to Non-Employee
Directors. Except as set forth in this Section 0, the other provisions of the
Plan shall apply to grants of Options to Non-Employee Directors to the extent
not inconsistent with this Section.

(a) General. Non-Employee Directors shall receive Nonqualified Stock Options in
accordance with this Section 0. The purchase price per share of Common Stock
under Options granted to Non-Employee Directors shall be the Fair Market Value
of such share on the date of grant. No Award Agreement with any Non-Employee
Director may alter the provisions of this Section 0 and no Option granted to a
Non-Employee Director may be subject to a discretionary acceleration of
exercisability or vesting.

(b) Grants to New Non-Employee Directors. Each person who first becomes a
Non-Employee Director after the Effective Date shall, at the time such director
is elected and duly qualified, be granted automatically, without action by the
Committee, an Option to purchase 20,000 shares of Common Stock.

(c) Annual Grants to Continuing Directors. On the date of each annual meeting of
stockholders of the Company, each continuing Non-Employee Director shall be
granted automatically, without action by the Committee, an Option to purchase
20,000 shares of Common Stock, unless such Non-Employee Director received a
grant pursuant to paragraph 0 above by reason of first being elected a
Non-Employee Director at such annual meeting.

(d) Vesting. Each Option granted to a Non-Employee Director shall vest and
become exercisable with respect to fifty percent (50%) of the shares of Common
Stock subject thereto on the date of grant thereof and fifty percent (50%) of
the shares of Common Stock subject thereto on the first anniversary of the date
of grant thereof, provided that such Non-Employee Director shall have
continually served as such from such date of grant through and on such
anniversary date. Notwithstanding the foregoing, (i) each outstanding Option
shall become immediately vested and exercisable in full upon the death of the
Non-Employee Director, and (ii) if the Non-Employee Director's membership on the
Board terminates by reason of Retirement, Permanent Disability or Partial
Disability, any outstanding Option held by such Non-Employee Director shall vest
and become exercisable on the earlier of (i) the date which is 90 days following
such

                                        6
<PAGE>

cessation of Board membership, or (ii) the date such Option would have vested
had the Non-Employee Director continued in service on the Board. Sections 0 and
0 hereof shall not apply to Options granted to Non-Employee Directors.

(e) Duration. Subject to the immediately following sentence, each Option granted
to a Non-Employee Director shall remain outstanding for a term of 10 years from
the date of grant. Upon the cessation of a Non-Employee Director's membership on
the Board for any reason, vested Options granted to such Non-Employee Director
shall expire upon the earliest to occur of (i) three (3) years from the date of
such cessation of Board membership, (ii) the tenth anniversary of the date of
grant of the Option, or (iii) the first anniversary of the Non-Employee
Director's death. The Committee may not provide for an extended exercise period
beyond the periods set forth in this Section 0. Any portion of an Option that is
not vested on the Non-Employee Director's cessation of Board membership for any
reason (or does not become vested by reason of such cessation of membership
under paragraph (d) above) shall be permanently forfeited on the date such
membership ceases.

8.    RESTRICTED STOCK.

(a) Eligibility; Terms of Awards. The Committee shall designate the Participants
to whom Restricted Stock is to be granted and the number of shares of Common
Stock that are subject to each such Award, subject to such restrictions,
limitations and conditions as the Committee, in its sole discretion, deems
appropriate.

(b) Restricted Period. During the Restricted Period with respect to an Award of
Restricted Stock, in addition to the other terms and conditions established by
the Committee, the following terms and conditions shall apply:

(1) The shares of Restricted Stock may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated until the termination of the
applicable Restricted Period or for such period of time as shall be established
by the Committee and as shall be specified in the Restricted Stock Agreement, or
upon earlier satisfaction of other conditions as specified by the Committee in
its sole discretion and set forth in the Restricted Stock Agreement. All rights
with respect to the Restricted Stock granted to a Participant under the Plan
shall be exercisable during his or her lifetime only by such Participant.

(2) The Participant shall be treated as the owner of shares of Restricted Stock
and shall have the right to vote such shares and shall be entitled to receive
all dividends and other distributions paid with respect to the Restricted Stock.
If any such dividends or distributions are paid in shares of Common Stock or
other property, such shares or property shall be subject to the same
restrictions as the shares of Restricted Stock with respect to which they were
paid.

(3e) Each certificate representing shares of Restricted Stock granted pursuant
to the Plan shall bear the following legend, in addition to such other legends
as the Committee deems appropriate, including those to reflect restrictions
under applicable Federal or state securities law:

      "The sale or other transfer of the shares of stock represented by this
      certificate, whether voluntary, involuntary or by operation of law, is
      subject to certain restrictions on transfer

                                        7
<PAGE>

      set forth in the enherent Corp. 2005 Stock Incentive Plan and a Restricted
      Stock Agreement dated _____________________. A copy of the Plan and such
      Restricted Stock Agreement may be obtained from the Secretary of enherent
      Corp."

(c) Removal of Restrictions. Except as otherwise provided in the Plan or an
Award Agreement, after the last day of the Restricted Period with respect to all
or a portion of the Restricted Stock, the shares that are no longer subject to
the Restricted Period shall become freely transferable by the Participant. As
soon as practicable after the end of the Restricted Period, a new or additional
certificate for such shares without the legend set forth in Section 8(b)(3)
shall be delivered to the Participant.

(d) Performance-Based Awards. The Committee may designate whether any Restricted
Stock Award granted to a Participant is intended to be "performance-based
compensation" as that term is used in Section 162(m) of the Code. Any such
Awards designated as intended to be "performance-based compensation" shall be
conditioned on the achievement of one or more performance measures, to the
extent required by Code Section 162(m). The performance measures shall be based
on any one or more of the following, as selected by the Committee: total
shareholder return, return on equity, return on capital employed, return on
invested capital, cash flow, cumulative cash flow, operating profit, gross or
pre-tax profits, post-tax profits, gross or net margins, consolidated net
income, economic value added, improvements in financial ratings, achievement of
balance sheet or income statement objectives, market or category share or costs.
For Restricted Stock Awards that are intended to be performance-based
compensation, the grant of the Award and the establishment of the performance
measures shall be made during the period required under Code Section 162(m). The
payout of any such Restricted Stock Award to a "covered employee" (within the
meaning of Code Section 162(m)) may be reduced, but not increased, based on the
degree of attainment of other performance criteria or otherwise at the
discretion of the Committee. The number of shares of Common Stock which may be
issued in any fiscal year with respect to Restricted Stock that is intended to
performance-based compensation under this Section 8(d) shall not exceed
2,000,000 shares.

9.    GENERAL PROVISIONS.

(a) Compliance with Legal Requirements. The Plan and the granting and exercising
of Awards, and the other obligations of the Company under the Plan and any Award
Agreement or other agreement shall be subject to all applicable federal and
state laws, rules and regulations and to such approvals by any regulatory or
governmental authority or agency as may be required. The Company, in its
discretion, may postpone the issuance or delivery of Common Stock under any
Award as the Company may consider appropriate and may require any Participant to
make such representations and furnish such information as it may consider
appropriate in connection with the issuance or delivery of Common Stock in
compliance with applicable laws, rules and regulations.

(b) Nontransferability. Awards shall not be transferable by a Participant other
than by will or the laws of descent and distribution, and Options shall be
exercisable during the lifetime of a Participant only by such Participant or his
guardian or legal representative; provided, however Awards may be transferred
pursuant to a domestic relations order awarding benefits to an

                                        8
<PAGE>

"alternate payee" (within the meaning of Code Section 414(p)(8)) that the
Committee determines satisfies the criteria set forth in paragraphs (1), (2),
and (3) of Code Section 414(p).

(c) No Right To Continued Employment. Nothing in the Plan or in any Award
granted or any Award Agreement or other agreement entered into pursuant hereto
shall confer upon any Participant the right to continue in the employ of the
Company or to be entitled to any remuneration or benefits not set forth in the
Plan or such Award Agreement or other agreement or to interfere with or limit in
any way the right of the Company to terminate such Participant's employment.

(d) Withholding Taxes. Where a Participant or other person is entitled to
receive shares of Common Stock pursuant to the exercise of an Option or is
otherwise entitled to receive shares of Common Stock or cash pursuant to an
Award hereunder, the Company shall have the right to require the Participant or
such other person to pay to the Company the amount of any taxes which the
Company may be required to withhold before delivery to such Participant or other
person of cash or a certificate or certificates representing such shares.

Unless otherwise prohibited by the Committee or by applicable law, a Participant
may satisfy any such withholding tax obligation by any of the following methods,
or by a combination of such methods: (a) tendering a cash payment; (b)
authorizing the Company to withhold from the shares of Common Stock or cash
otherwise payable to such Participant (1) one or more of such shares having an
aggregate Fair Market Value, determined as of the date the withholding tax
obligation arises, less than or equal to the amount of the total withholding tax
obligation, or (2) cash in an amount less than or equal to the amount of the
total withholding tax obligation; or (c) delivering to the Company previously
acquired shares of Common Stock (none of which shares may be subject to any
claim, lien, security interest, community property right or other right of
spouses or present or former family members, pledge, option, voting agreement or
other restriction or encumbrance of any nature whatsoever) having an aggregate
Fair Market Value, determined as of the date the withholding tax obligation
arises, less than or equal to the amount of the total withholding tax
obligation.

(e) Amendment and Termination of the Plan. The Board or the Committee may at any
time and from time to time alter, amend, suspend, or terminate the Plan in whole
or in part; provided that no amendment shall materially adversely affect the
rights of any Participant under any Award previously granted under the Plan
without such Participant's consent; provided further that any amendment that (i)
increases the total number of shares reserved for the Plan (except as provided
in Section 5(b) with respect to equitable adjustments), (ii) changes the
employees or class of employees eligible to participate in the Plan, or (iii)
materially (within the meaning of rules of NASD) changes the terms of the Plan,
shall not be effective without the approval of the Company's stockholders. The
power to grant Options under the Plan will automatically terminate on the tenth
anniversary of the date the Plan is approved by the Company's stockholders. If
the Plan is terminated, any unexercised Option shall continue to be exercisable
in accordance with its terms and the terms of the Plan in effect immediately
prior to such termination.

(f) Participant Rights. No Participant shall have any claim to be granted any
Award under the Plan, and there is no obligation for uniformity of treatment for
Participants. Except as

                                        9
<PAGE>

provided specifically herein, a Participant or a transferee of an Award shall
have no rights as a stockholder with respect to any shares of Common Stock
covered by any Award until the date of the issuance of a certificate to him or
her for such shares.

(g) Unfunded Status of Awards. The Plan is intended to constitute an unfunded
plan for incentive compensation. With respect to any payments not yet made to a
Participant pursuant to an Award, nothing contained in the Plan or any Award
shall give any such Participant any rights that are greater than those of a
general creditor of the Company.

(h) No Fractional Shares. No fractional shares of Common Stock shall be issued
or delivered pursuant to the Plan or any Award. The Committee shall determine
whether cash, other Awards or other property shall be issued or paid in lieu of
such fractional shares or whether such fractional shares or any rights thereto
shall be forfeited or otherwise eliminated.

(i) Governing Law. The Plan and all determinations made and actions taken
pursuant hereto shall be governed by the laws of the State of New York without
giving effect to the conflict of laws principles thereof.

(j) Effective Date. The "Effective Date" of this Plan shall be the date it is
approved by the Company's stockholders.

(k) Beneficiary. A Participant may file with the Committee a written designation
of a beneficiary on such form as may be prescribed by the Committee and may,
from time to time, amend or revoke such designation. If no designated
beneficiary survives the Participant, the executor or administrator of the
Participant's estate shall be deemed to be the grantee's beneficiary.

                                       10
<PAGE>

                           [FORM OF OPTION AGREEMENT]

                          STOCK OPTION AWARD AGREEMENT

AGREEMENT made on [ ], 20__ (the Date of Grant), by and between enherent Corp.,
a Delaware corporation (the "Company"), and [ ] (the "Participant").

WHEREAS, the Company has adopted the enherent Corp. 2005 Stock Incentive Plan
(the Plan); and

WHEREAS, the Company desires to grant to the Participant options under the Plan
to acquire an aggregate of [ ] shares of common stock of the Company, par value
$.0001 per share ("Common Stock"), on the terms set forth herein.

NOW, THEREFORE, the parties hereby agree as follows:

1. Definitions. Capitalized terms not otherwise defined herein shall have the
meanings set forth in the Plan.

2. Grant of Options. The Participant is hereby granted an option (the "Option")
to purchase an aggregate of [ ] shares of Common Stock, pursuant to the terms of
this Agreement and the provisions of the Plan. This Option is intended to
constitute a[n] [Incentive] [Nonqualified] Stock Option.

3. Option Price. The initial exercise price per share of Common Stock subject to
this Option shall be $__________, subject to equitable adjustment in accordance
with the Plan.

4. Conditions to Exercisability. This Option shall vest and become exercisable
with respect to ______ percent (__%) of the shares of Common Stock subject
thereto on each of the first through ____________ anniversaries of the Date of
Grant, so long as the Participant continues to be employed by the Company or any
of its subsidiaries on such dates. In the event of the Participant's death or
Permanent Disability, all shares of Common Stock subject to this Option that
have not previously been forfeited shall vest immediately. In the event of the
Participant's Retirement or Partial Disability, all shares of Common Stock
subject to this Option that have not previously been forfeited shall vest upon
the earlier of (i) ninety (90) days following such Retirement or Partial
Disability, or (ii) the regular vesting date pursuant to the schedule set forth
above. In the event the Participant's employment terminates for reasons other
than death, Permanent Disability, Partial Disability or Retirement, all unvested
shares of Common Stock subject to this Option shall be permanently forfeited on
such termination date.

5. Period of Option. This Option shall expire and no longer be exercisable on
the earliest to occur of:

(a) the tenth anniversary of the Date of Grant [five years in the case of 10%
holders];

                                        1
<PAGE>

(b) the date of the Participant's termination of employment with the Company or
any of its subsidiaries for Cause;

(c) the first anniversary of the Participant's termination of employment with
the Company or any of its subsidiaries for any reason other than Cause;
provided, that if the Option granted hereunder is an Incentive Stock Option,
such Option must be exercised within ninety (90) days after any termination
which is not a result of death or Permanent Disability. If, within 60 days
following a Participant's termination of employment, the Committee discovers
circumstances that would have permitted it to terminate the Participant's
employment for Cause, such termination date shall be deemed to have been for
Cause.

[THE FOLLOWING SECTION 5A MAY BE ADDED TO CERTAIN INDIVIDUAL AWARD AGREEMENTS AS
DETERMINED BY THE COMMITTEE.]

      [5A. Change in Control. Notwithstanding any other provision of the Plan or
this Agreement to the contrary, if, while this Award remains outstanding under
the Plan, a Change in Control (as defined below) of the Company shall occur,
then all shares of Common Stock granted under this Award Agreement that are
outstanding at the time of such Change in Control shall become immediately
exercisable in full, without regard to the years that have elapsed from the Date
of Grant, and, at the option of the Committee, this Option may be cancelled in
exchange for a cash payment or a replacement award of equivalent value.

For purposes of this Section 5A, a Change in Control of the Company shall occur
upon the happening of the earliest to occur of the following:

(i) any person, as such term is used in Sections 13(d) and 14(d) of the Exchange
Act (other than (1) the Company, (2) any trustee or other fiduciary holding
securities under an employee benefit plan of the Company or (3) any corporation
owned, directly or indirectly, by the stockholders of the Company in
substantially the same proportions as their ownership of the common stock of the
Company), is or becomes the beneficial owner (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company (not
including in the securities beneficially owned by such person any securities
acquired directly from the Company or its affiliates) representing [ ]% or more
of the combined voting power of the Company's then outstanding voting
securities;

(ii) during any period of not more than two consecutive years, individuals who
at the beginning of such period constitute the Board (such board of directors
being referred to herein as the Existing Board), and any new director (other
than a director designated by a person who has entered into an agreement with
the Company to effect a transaction described in clause (i), (iii) or (iv) of
this Section 5A) whose election by the Existing Board or nomination for election
by the Company's stockholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the
beginning of the period or whose election or nomination for election was
previously so approved (other than approval given in connection with an actual
or threatened proxy or election contest), cease for any reason to constitute at
least [70]% of such the Existing Board;

                                        2
<PAGE>

(iii) the stockholders of the Company approve a merger or consolidation of the
Company with any other corporation, other than (A) a merger or consolidation
which would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining
outstanding without conversion or by being converted into voting securities of
the surviving or parent entity) [ ]% or more of the combined voting power of the
voting securities of the Company or such surviving or parent entity outstanding
immediately after such merger or consolidation or (B) a merger or consolidation
effected to implement a recapitalization of the Company (or similar transaction)
in which no person (as hereinabove defined) acquires [ ]% or more of the
combined voting power of the Company's then outstanding securities; or

(iv) the stockholders of the Company approve a plan of complete liquidation of
the Company or an agreement for the sale or disposition by the Company of all or
substantially all of the Company's assets (or any transaction having a similar
effect).]

6. Exercise of Option. This Option may be exercised in whole or part, to the
extent then exercisable, in the following manner: the Participant shall deliver
to the Company written notice specifying the number of shares of Common Stock
that the Participant elects to purchase. The Participant must include with such
notice full payment of the exercise price for the Common Stock being purchased
pursuant to such notice. The exercise price shall be paid in full at the time of
exercise. The exercise price may be paid in cash or by check; by tendering
shares of Common Stock previously acquired by the Participant; or in a
combination of any of the foregoing, in an amount having a combined value equal
to such exercise price. The value of any Common Stock tendered pursuant to the
preceding sentence shall be the Fair Market Value of such Common Stock as of the
last trading day prior to the date of exercise. The Committee, in its
discretion, may require that any previously-owned shares of Common Stock
tendered by the Participant in payment of the exercise price have been held by
the Participant for at least six months prior to such tender.

Upon the delivery of shares of Common Stock acquired pursuant to the exercise of
Options, the Company shall have the right to require the payment of the amount
of any taxes that are required by law to be withheld with respect to such
delivery.

The Participant shall not be deemed to be a holder of any shares of Common Stock
pursuant to exercise of this Option until the date of the issuance of a stock
certificate to him or her for such shares and until such shares are paid for in
full, including any applicable withholding taxes.

If permitted by the Committee at the time of exercise, this Option may also be
exercised pursuant to a cashless exercise program.

7. Representations. The Company represents and warrants that this Agreement has
been authorized by all necessary corporate action of the Company and is a valid
and binding agreement of the Company enforceable against them in accordance with
its terms. The Participant represents and warrants that the Participant is not a
party to any agreement or instrument that would prevent the Participant from
entering into or performing his or her duties in any way under this Agreement.

                                        3
<PAGE>

8. Entire Agreement. This Agreement and the Plan contain all the understandings
between the parties hereto pertaining to the matters referred to herein, and
supersedes all undertakings and agreements, whether oral or in writing,
previously entered into by them with respect thereto. The Participant represents
that, in executing this Agreement, the Participant does not rely and has not
relied upon any representation or statement not set forth therein made by the
Company with regard to the subject matter, bases or effect of this Agreement or
otherwise.

9. Amendment or Modification, Waiver. Except as set forth in the Plan, no
provision of this Agreement may be amended or waived unless such amendment or
waiver is agreed to in writing, signed by the Participant and by a duly
authorized officer of the Company. No waiver by any party hereto of any breach
by another party hereto of any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same time, any prior time or any
subsequent time.

10. Notices. Any notice to be given hereunder shall be in writing and shall be
deemed given when delivered personally, sent by courier or telecopy or
registered or certified mail, postage prepaid, return receipt requested,
addressed to the party concerned at the address indicated below or to such other
address as such party may subsequently give notice of hereunder in writing:

                               TO PARTICIPANT AT:

                               TO THE COMPANY AT:

                                 enherent Corp.
                              192 Lexington Avenue
                            New York, New York 10016
                            Attn: Corporate Secretary

Any notice delivered personally or by courier under this Section 10 shall be
deemed given on the date delivered and any notice sent by telecopy or registered
or certified mail, postage prepaid, return receipt requested, shall be deemed
given on the date telecopied or mailed.

11. Severability. If any provision of this Agreement or the application of any
such provision to any party or circumstances shall be determined by any court of
competent jurisdiction to be invalid and unenforceable to any extent, the
remainder of this Agreement or the application of such provision to such person
or circumstances other than those to which it is so determined to be invalid and
unenforceable, shall not be affected thereby, and each provision hereof shall be
validated and shall be enforced to the fullest extent permitted by law.

12. Survival. The respective rights and obligations of the parties hereunder
shall survive any termination of this Agreement to the extent necessary to the
intended preservation of such rights and obligations.

13. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to its
conflicts of laws principles.

                                        4
<PAGE>

14. Headings. All descriptive headings of sections and paragraphs in this
Agreement are intended solely for convenience, and no provision of this
Agreement is to be construed by reference to the heading of any section or
paragraph.

15. Construction. This Agreement is made under and subject to the provisions of
the Plan, and all of the provisions of the Plan are hereby incorporated herein
as provisions of this Agreement. If there is a conflict between the provisions
of this Agreement and the provisions of the Plan, the provisions of the
Agreement shall govern. By signing this Agreement, the Participant confirms that
he has received a copy of the Plan and has had an opportunity to review the
contents thereof.

16. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

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

                                     ENHERENT CORP.

                                     By:
                                     Name:
                                     Title:

                                     By:
                                     Name:

                                        5
<PAGE>

                [FORM OF OPTION AGREEMENT - NONEMPLOYEE DIRECTOR]
                          STOCK OPTION AWARD AGREEMENT

AGREEMENT made on [ ], 20__ (the Date of Grant), by and between enherent Corp.,
a Delaware corporation (the "Company"), and [ ] (the "Participant").

WHEREAS, the Company has adopted the enherent Corp. 2005 Stock Incentive Plan
(the Plan); and

WHEREAS, the Company desires to grant to the Participant options under the Plan
to acquire an aggregate of 20,000 shares of common stock of the Company, par
value $.0001 per share ("Common Stock"), on the terms set forth herein.

NOW, THEREFORE, the parties hereby agree as follows:

1. Definitions. Capitalized terms not otherwise defined herein shall have the
meanings set forth in the Plan.

2. Grant of Options. The Participant is hereby granted an option (the "Option")
to purchase an aggregate of 20,000 shares of Common Stock, pursuant to the terms
of this Agreement and the provisions of the Plan. This Option is intended to
constitute a Nonqualified Stock Option.

3. Option Price. The initial exercise price per share of Common Stock subject to
this Option shall be $__________, subject to equitable adjustment in accordance
with the Plan.

4. Conditions to Exercisability. This Option shall vest and become exercisable
with respect to fifty percent (50%) of the shares of Common Stock subject
thereto on the Date of Grant and with respect to the remaining fifty percent
(50%) of the shares of Common Stock subject thereto on the first anniversary of
the Date of Grant, so long as the Participant shall have continually served as a
Non-Employee Director from such Date of Grant through and on such anniversary
date. Notwithstanding the foregoing, (i) this Option shall become immediately
vested and exercisable in full upon the death of the Participant, and (ii) if
the Participant's membership on the Board terminates by reason of Retirement,
Permanent Disability or Partial Disability, this Option shall vest and become
exercisable on the earlier of (i) the date which is 90 days following such
cessation of Board membership, or (ii) the date this Option would have vested
had the Participant continued in service on the Board.

5. Period of Option. Subject to the immediately following sentence, this Option
shall remain outstanding for a term of 10 years from the Date of Grant. Upon the
cessation of the Participant's membership on the Board for any reason, any
portion of this Option that is vested on the date of such cessation shall expire
upon the earliest to occur of (i) three (3) years from the date of such
cessation of Board membership, (ii) the tenth anniversary of the Date of Grant,
or (iii) the first anniversary of the Participant's death. Any portion of this
Option that is not vested on the Participant's cessation of Board membership for
any reason (and does not become vested by reason of such cessation of membership
under paragraph 4 above) shall be permanently forfeited on the date such
membership ceases.

                                        1
<PAGE>

6. Exercise of Option. This Option may be exercised in whole or part, to the
extent then exercisable, in the following manner: the Participant shall deliver
to the Company written notice specifying the number of shares of Common Stock
that the Participant elects to purchase. The Participant must include with such
notice full payment of the exercise price for the Common Stock being purchased
pursuant to such notice. The exercise price shall be paid in full at the time of
exercise. The exercise price may be paid in cash or by check; by tendering
shares of Common Stock previously acquired by the Participant; or in a
combination of any of the foregoing, in an amount having a combined value equal
to such exercise price. The value of any Common Stock tendered pursuant to the
preceding sentence shall be the Fair Market Value of such Common Stock as of the
last trading day prior to the date of exercise. The Committee, in its
discretion, may require that any previously-owned shares of Common Stock
tendered by the Participant in payment of the exercise price have been held by
the Participant for at least six months prior to such tender.

Upon the delivery of shares of Common Stock acquired pursuant to the exercise of
Options, the Company shall have the right to require the payment of the amount
of any taxes that are required by law to be withheld with respect to such
delivery.

The Participant shall not be deemed to be a holder of any shares of Common Stock
pursuant to exercise of this Option until the date of the issuance of a stock
certificate to him or her for such shares and until such shares are paid for in
full, including any applicable withholding taxes.

If permitted by the Committee at the time of exercise, this Option may also be
exercised pursuant to a cashless exercise program.

7. Representations. The Company represents and warrants that this Agreement has
been authorized by all necessary corporate action of the Company and is a valid
and binding agreement of the Company enforceable against them in accordance with
its terms. The Participant represents and warrants that the Participant is not a
party to any agreement or instrument that would prevent the Participant from
entering into or performing his or her duties in any way under this Agreement.

8. Entire Agreement. This Agreement and the Plan contain all the understandings
between the parties hereto pertaining to the matters referred to herein, and
supersedes all undertakings and agreements, whether oral or in writing,
previously entered into by them with respect thereto. The Participant represents
that, in executing this Agreement, the Participant does not rely and has not
relied upon any representation or statement not set forth therein made by the
Company with regard to the subject matter, bases or effect of this Agreement or
otherwise.

9. Amendment or Modification, Waiver. Except as set forth in the Plan, no
provision of this Agreement may be amended or waived unless such amendment or
waiver is agreed to in writing, signed by the Participant and by a duly
authorized officer of the Company. No waiver by any party hereto of any breach
by another party hereto of any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same time, any prior time or any
subsequent time.

                                        2
<PAGE>

10. Notices. Any notice to be given hereunder shall be in writing and shall be
deemed given when delivered personally, sent by courier or telecopy or
registered or certified mail, postage prepaid, return receipt requested,
addressed to the party concerned at the address indicated below or to such other
address as such party may subsequently give notice of hereunder in writing:

                               TO PARTICIPANT AT:

                               TO THE COMPANY AT:

                                 enherent Corp.
                              192 Lexington Avenue
                            New York, New York 10016
                            Attn: Corporate Secretary

Any notice delivered personally or by courier under this Section 10 shall be
deemed given on the date delivered and any notice sent by telecopy or registered
or certified mail, postage prepaid, return receipt requested, shall be deemed
given on the date telecopied or mailed.

11. Severability. If any provision of this Agreement or the application of any
such provision to any party or circumstances shall be determined by any court of
competent jurisdiction to be invalid and unenforceable to any extent, the
remainder of this Agreement or the application of such provision to such person
or circumstances other than those to which it is so determined to be invalid and
unenforceable, shall not be affected thereby, and each provision hereof shall be
validated and shall be enforced to the fullest extent permitted by law.

12. Survival. The respective rights and obligations of the parties hereunder
shall survive any termination of this Agreement to the extent necessary to the
intended preservation of such rights and obligations.

13. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to its
conflicts of laws principles.

14. Headings. All descriptive headings of sections and paragraphs in this
Agreement are intended solely for convenience, and no provision of this
Agreement is to be construed by reference to the heading of any section or
paragraph.

15. Construction. This Agreement is made under and subject to the provisions of
the Plan, and all of the provisions of the Plan are hereby incorporated herein
as provisions of this Agreement. If there is a conflict between the provisions
of this Agreement and the provisions of the Plan, the provisions of the
Agreement shall govern. By signing this Agreement, the Participant confirms that
he has received a copy of the Plan and has had an opportunity to review the
contents thereof.

16. Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

                                        3
<PAGE>

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

                                      ENHERENT CORP.

                                      By:
                                      Name:
                                      Title:

                                      By:
                                      Name:

                                       4
<PAGE>
                          RESTRICTED STOCK AGREEMENT

         This Agreement, made as of the _____ day of ______________, 20___, (the
"Award Date") between enherent Corp. (the "Company") and
___________________________ (the "Participant");

                                WITNESSETH THAT:

         WHEREAS, the Company maintains the enherent Corp. 2005 Stock Incentive
Plan (the "Plan"); and

         WHEREAS, the Participant has been granted an Award of Restricted Stock
under the Plan;

         NOW, THEREFORE, IT IS AGREED, by and between the Company and the
Participant as follows:

         1. Award. Subject to the terms of this Agreement and the Plan, the
Participant is hereby granted an Award of ______________ shares of Common Stock,
subject to the restrictions set forth herein (the "Restricted Stock"). Except as
otherwise defined herein, capitalized terms used in this Agreement have the
respective meanings set forth in the Plan.

         2. Restricted Period. Unless forfeited earlier under Section 4, the
"Restricted Period" with respect to the shares awarded hereunder shall begin on
the Award Date and end on the vesting dates specified in the schedule below with
respect to the number of shares vesting on such date:

Vesting Date          # of Shares Vesting

[insert vesting schedule]

Notwithstanding the foregoing, in the event of the Participant's Retirement or
Partial Disability, all shares of Restricted Stock subject to this Award that
have not previously been forfeited under Section 4 shall become fully vested on
the date of such event.

         3. Restrictions on Shares. During the Restricted Period:

         (a)      Restricted Shares may not be sold, assigned, transferred,
                  pledged or otherwise encumbered. Except for such restrictions,
                  the Participant will be treated as owner of such shares and
                  shall have all the rights of a shareholder including, but not
                  limited to, the right to vote such shares and the right to
                  receive all dividends paid on such shares; and

<PAGE>

         (b)      The certificate representing the Restricted Shares shall be
                  registered in the name of the Participant and shall be
                  deposited with the Company and bear the following (or a
                  similar) legend:

                  "The sale or other transfer of the shares of stock represented
                  by this certificate, whether voluntary, involuntary or by
                  operation of law, is subject to certain restrictions on
                  transfer set forth in the enherent Corp. 2005 Stock Incentive
                  Plan and a Restricted Stock Agreement dated
                  _____________________. A copy of the Plan and such Restricted
                  Stock Agreement may be obtained from the Secretary of enherent
                  Corp."

         4. Forfeiture of Restricted Stock. In the event the Participant's
employment terminates for reasons other than death, Permanent Disability,
Partial Disability or Retirement, all Restricted Shares subject to a Restricted
Period shall be permanently forfeited on such termination date.

[THE FOLLOWING SECTION 4A MAY BE ADDED TO CERTAIN INDIVIDUAL AWARD AGREEMENTS AS
DETERMINED BY THE COMMITTEE.]

         [4A. Change in Control. Notwithstanding any other provision of the Plan
or this Agreement to the contrary, if, while this Award remains outstanding
under the Plan, a Change in Control (as defined below) of the Company shall
occur, then all shares of Restricted Stock granted under this Award Agreement
that have not previously been forfeited under Section 4 at the time of such
Change in Control shall become immediately vested in full, and, at the option of
the Committee, this Award may be cancelled in exchange for a cash payment or a
replacement award of equivalent value.

For purposes of this Section 4A, a Change in Control of the Company shall occur
upon the happening of the earliest to occur of the following:

         (a)      any person, as such term is used in Sections 13(d) and 14(d)
                  of the Exchange Act (other than (1) the Company, (2) any
                  trustee or other fiduciary holding securities under an
                  employee benefit plan of the Company or (3) any corporation
                  owned, directly or indirectly, by the stockholders of the
                  Company in substantially the same proportions as their
                  ownership of the common stock of the Company), is or becomes
                  the beneficial owner (as defined in Rule 13d-3 under the
                  Exchange Act), directly or indirectly, of securities of the
                  Company (not including in the securities beneficially owned by
                  such person any securities acquired directly from the Company
                  or its affiliates) representing [ ]% or more of the combined
                  voting power of the Company's then outstanding voting
                  securities;

         (b)      during any period of not more than two consecutive years,
                  individuals who at the beginning of such period constitute the
                  Board (such board of directors being referred to herein as the
                  Existing Board), and any new director (other than a director
                  designated by a person who has entered into an agreement with
                  the Company to effect a transaction described in clause (i),
                  (iii) or (iv) of this Section

                                       2
<PAGE>

                  4A) whose election by the Existing Board or nomination for
                  election by the Company's stockholders was approved by a vote
                  of at least two-thirds (2/3) of the directors then still in
                  office who either were directors at the beginning of the
                  period or whose election or nomination for election was
                  previously so approved (other than approval given in
                  connection with an actual or threatened proxy or election
                  contest), cease for any reason to constitute at least [70]% of
                  such the Existing Board;

         (c)      the stockholders of the Company approve a merger or
                  consolidation of the Company with any other corporation, other
                  than (A) a merger or consolidation which would result in the
                  voting securities of the Company outstanding immediately prior
                  thereto continuing to represent (either by remaining
                  outstanding without conversion or by being converted into
                  voting securities of the surviving or parent entity) [ ]% or
                  more of the combined voting power of the voting securities of
                  the Company or such surviving or parent entity outstanding
                  immediately after such merger or consolidation or (B) a merger
                  or consolidation effected to implement a recapitalization of
                  the Company (or similar transaction) in which no person (as
                  hereinabove defined) acquires [ ]% or more of the combined
                  voting power of the Company's then outstanding securities; or

         (d)      the stockholders of the Company approve a plan of complete
                  liquidation of the Company or an agreement for the sale or
                  disposition by the Company of all or substantially all of the
                  Company's assets (or any transaction having a similar
                  effect).]

         5. Equitable Adjustment. In the event that an extraordinary transaction
or other event or circumstance affecting the Common Stock shall occur,
including, but not limited to, any dividend or other distribution (whether in
the form of cash, stock or other property), recapitalization, stock split,
reverse stock split, reorganization, merger, consolidation, spin-off,
combination, repurchase, share exchange, sale of assets or other similar
transaction or event, and the Committee determines that a change or adjustment
in the terms of this Award is appropriate, then the Committee may, in its sole
discretion, make such equitable changes or adjustments or take any other actions
that it deems necessary or appropriate (which shall be effective at such time as
the Committee in its sole discretion determines), as set forth in Section 5(b)
of the Plan.

         6. Representations. The Company represents and warrants that this
Agreement has been authorized by all necessary corporate action of the Company
and is a valid and binding agreement of the Company enforceable against them in
accordance with its terms. The Participant represents and warrants that the
Participant is not a party to any agreement or instrument that would prevent the
Participant from entering into or performing his or her duties in any way under
this Agreement.

         7. Entire Agreement. This Agreement and the Plan contain all the
understandings between the parties hereto pertaining to the matters referred to
herein, and supersedes all undertakings and agreements, whether oral or in
writing, previously entered into by them with

                                       3
<PAGE>

respect thereto. The Participant represents that, in executing this Agreement,
the Participant does not rely and has not relied upon any representation or
statement not set forth therein made by the Company with regard to the subject
matter, bases or effect of this Agreement or otherwise.

         8. Amendment or Modification, Waiver. Except as set forth in the Plan,
no provision of this Agreement may be amended or waived unless such amendment or
waiver is agreed to in writing, signed by the Participant and by a duly
authorized officer of the Company. No waiver by any party hereto of any breach
by another party hereto of any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same time, any prior time or any
subsequent time.

         9. Notices. Any notice to be given hereunder shall be in writing and
shall be deemed given when delivered personally, sent by courier or telecopy or
registered or certified mail, postage prepaid, return receipt requested,
addressed to the party concerned at the address indicated below or to such other
address as such party may subsequently give notice of hereunder in writing:

                             TO PARTICIPANT AT:

                             TO THE COMPANY AT:
                             enherent Corp.
                             192 Lexington Avenue
                             New York, New York 10016
                             Attn: Corporate Secretary

Any notice delivered personally or by courier under this Section 9 shall be
deemed given on the date delivered and any notice sent by telecopy or registered
or certified mail, postage prepaid, return receipt requested, shall be deemed
given on the date telecopied or mailed.

         10. Severability. If any provision of this Agreement or the application
of any such provision to any party or circumstances shall be determined by any
court of competent jurisdiction to be invalid and unenforceable to any extent,
the remainder of this Agreement or the application of such provision to such
person or circumstances other than those to which it is so determined to be
invalid and unenforceable, shall not be affected thereby, and each provision
hereof shall be validated and shall be enforced to the fullest extent permitted
by law.

         11. Survival. The respective rights and obligations of the parties
hereunder shall survive any termination of this Agreement to the extent
necessary to the intended preservation of such rights and obligations.

         12. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without regard to its
conflicts of laws principles.

                                       4
<PAGE>

         13. Headings. All descriptive headings of sections and paragraphs in
this Agreement are intended solely for convenience, and no provision of this
Agreement is to be construed by reference to the heading of any section or
paragraph.

         14. Construction. This Agreement is made under and subject to the
provisions of the Plan, and all of the provisions of the Plan are hereby
incorporated herein as provisions of this Agreement. If there is a conflict
between the provisions of this Agreement and the provisions of the Plan, the
provisions of the Agreement shall govern. By signing this Agreement, the
Participant confirms that he has received a copy of the Plan and has had an
opportunity to review the contents thereof.

         15. Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

                                      * * *

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

                                         enherent Corp.

                                         By:
                                             -----------------------------------
                                            Its:
                                                 -------------------------------

                                         ---------------------------------------
                                         [Participant]

                                       5

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