Document:

M-WISE, INC.

                     INTERNATIONAL SHARE OPTION PLAN (2001)

         1. PURPOSES OF THE PLAN. The purposes of this Share Option Plan are to
attract and retain the best available personnel for positions of substantial
responsibility, to provide additional incentive to Employees, Directors and
Consultants of the Company and its subsidiaries, including, inter alia, m-Wise,
Ltd. (the "Israeli Subsidiary") and m-Wise Limited (the "UK Subsidiary") and to
promote the success of the Company's business. Options granted under the Plan
may be Incentive Stock Options, Nonstatutory Stock Options or otherwise, as
determined by the Administrator at the time of grant.

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

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

                  (ii) "APPLICABLE LAWS" means the requirements relating to the
administration of share option plans under the applicable laws of the United
States (except for matters with respect to the employees or consultants of the
UK Subsidiary, and, in such cases, the laws of England shall apply).

                  (iii) "ARTICLES" means the By-Laws and Certificate of
Incorporation (as amended from time to time) of the Company.

                  (iv) "BOARD" means the Board of Directors of the Company or
any Parent or Subsidiary.

                  (v) "CODE" means the U.S. Internal Revenue Code of 1986, as
amended.

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

                  (vii) "COMPANY" means m-Wise, Inc., a corporation incorporated
under the laws of the State of Delaware, USA.

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

                  (ix) "DIRECTOR" means a member of the Board of Directors of
the Company or any Parent or Subsidiary.

                  (x) "EMPLOYEE" means any person, including Officers and
Directors, employed by the Company or any Parent or Subsidiary of the Company.
An Employee shall not cease to be an Employee in the case of (i) any leave of
absence approved by the Company or (ii) transfers between locations of the
Company or between the Company, its Parent, any Subsidiary, or any successor.

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For purposes of Incentive Stock Options, no such leave may exceed ninety days,
unless reemployment upon expiration of such leave is guaranteed by statute or
contract. If reemployment upon expiration of a leave of absence approved by the
Company is not so guaranteed, on the 181st day of such leave any Incentive Stock
Option held by the Optionee shall cease to be treated as an Incentive Stock
Option and shall be treated for tax purposes as a Nonstatutory Stock Option.
Neither service as a Director nor payment of a director's fee by the Company
shall be sufficient to constitute "employment" by the Company.

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

              (xii) "FAIR MARKET VALUE" means, as of any date, the value of a
Share determined as follows:

              (a) If the Shares are listed on the Nasdaq National Market or The
Nasdaq SmallCap Market of The Nasdaq Stock Market, their Fair Market Value shall
be the closing sales price for such Shares (or the closing bid, if no sales were
reported) as quoted on such system for the last market trading day prior to the
time of determination, as reported in THE WALL STREET JOURNAL or such other
source as the Administrator deems reliable;

              (b) If the Shares are listed on the Tel Aviv Stock Exchange, but
are not traded on the Nasdaq National Market or The Nasdaq Small Cap Market,
their Fair Market Value shall be the closing sales price for such Shares (or the
closing bid if no sales were reported) as quoted on such exchange for the last
market trading day prior to the time of determination, as reported in GLOBES,
HAARETZ or such other source as the Administrator deems reliable;

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

              (d) In the absence of an established market for the Shares, the
Fair Market Value thereof shall be determined in good faith by the Board.

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

              (xiv) "NONSTATUTORY STOCK OPTION" means an Option not intended to
qualify as an Incentive Stock Option.

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

              (xvi) "OPTION" means a share option granted pursuant to the Plan.

              (xvii) "OPTION AGREEMENT" means a written agreement between the
Company and an Optionee evidencing the terms and conditions of an individual
Option grant. The Option Agreement is subject to the terms and conditions of the
Plan, unless and to the extent otherwise stated in such Option Agreement.

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              (xviii) "OPTIONED SHARES" means the Shares subject to an Option.

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

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

              (xxi) "PLAN" means this International Share Option Plan (2001).

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

              (xxiii) "SHARE" means a share of the Company's Common Stock having
a nominal value of US$0.0017, as adjusted in accordance with Section 11 below.

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

              3. SHARES SUBJECT TO THE PLAN. Subject to the provisions of
Section 11 of the Plan, the maximum aggregate number of Shares that may be
subject to option and sold under the Plan is 300,000 Shares of the Corporation's
Common Stock. The Shares may be authorized, but unissued, or reacquired.

                  If an Option expires or becomes unexercisable without having
been exercised in full, the unpurchased Shares which were subject thereto shall
become available for future grant or sale under the Plan (unless the Plan has
terminated); PROVIDED, HOWEVER, that Shares that have actually been issued under
the Plan shall not be returned to the Plan and shall not become available for
future distribution under the Plan.

         4. ADMINISTRATION OF THE PLAN.

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

                  (ii) POWERS OF THE ADMINISTRATOR. Subject to the provisions of
the Plan and, in the case of a Committee, the specific duties delegated by the
Board to such Committee, and subject to the approval of any relevant
authorities, the Administrator shall have the authority, in its discretion:

              (a) to recommend to the Board to update the Fair Market Value;

              (b) to grant Options and to select the Service Providers to whom
Options may from time to time be granted hereunder;

              (c) to determine the number of Shares to be covered by each such
award granted hereunder;

              (d) to approve forms of agreement for use under the Plan;

              (e) to determine the terms and conditions of any Option granted
hereunder;

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<PAGE>

              (f) to recommend to the Board to reduce the exercise price of any
Option to the then current Fair Market Value, if the Fair Market Value of the
Shares covered by such Option has declined since the date of grant of the Option
as defined in Section 12 below (the "Date of Grant");

              (g) to prescribe, amend and rescind rules and regulations under
the Plan;

              (h) to construe and interpret the terms of the Plan and awards
granted pursuant to the Plan.

                  (iii) PLENARY AUTHORITY OF BOARD. Without derogating from the
powers of the Administrator or the Board set forth herein, but notwithstanding
any other limitation hereof, the Board shall have plenary authority to determine
any and all terms and conditions of the grant of options to Optionees hereunder,
including without limitation, whether Options shall be Nonstatutory Stock
Options, Incentive Stock Options or options which do not comply with the legal
requirements of the foregoing; the exercise price and method of exercise of such
Options; the identity of individuals or entities who are Optionees; and the
number of shares of the Company's stock which are subject to each option.

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

         5. ELIGIBILITY.

                  (i) Nonstatutory Stock Options may be granted to Service
Providers. Incentive Stock Options may be granted only to Employees.

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

                  (iii) The Plan shall not confer upon any Optionee any right
with respect to continuing the Optionee's relationship as a Service Provider
with the Company, nor shall it interfere in any way with his or her right or the
Company's right to terminate such relationship at any time, with or without
cause.

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

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<PAGE>

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

         8. OPTION EXERCISE PRICE AND CONSIDERATION.

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

              (a) In the case of an Incentive Stock Option

              (I) granted to an Employee who, at the time of the grant of such
Incentive Stock Option, owns shares representing more than ten percent (10%) of
the voting power of all classes of issued and outstanding share capital of the
Company or any Parent or Subsidiary, the exercise price shall be no less than
110% of the Fair Market Value per Share on the Date of Grant.

              (II) granted to any Employee other than an Employee described in
the preceding subparagraph, the per Share exercise price shall be no less than
100% of the Fair Market Value per Share on the Date of Grant.

              (b) In the case of a Nonstatutory Stock Option

              (I) granted to an Employee who, at the time of grant of such
Option, owns shares representing more than ten percent (10%) of the voting power
of all classes of issued and outstanding share capital of the Company or any
Parent or Subsidiary, the exercise price shall be no less than 110% of the Fair
Market Value per Share on the Date of Grant.

              (II) granted to any other Employee, the per Share exercise price
shall be no less than 85% of the Fair Market Value per Share on the Date of
Grant.

              (c) Notwithstanding the foregoing, pursuant to a merger or other
corporate transaction, Options may be granted in substitution for options held
by service providers of another corporation with per Share exercise prices
(other than as required above) of less than 100% of Fair Market Value on the
Date of Grant.

              (ii) The consideration to be paid for the Shares to be issued upon
exercise of an Option, including the method of payment, shall be determined by
the Administrator (and, in the case of an Incentive Stock Option, shall be
determined at the Date of Grant) and may consist entirely of (1) cash, (2)
check, (3) promissory note, (4) consideration received by the Company by
cashless exercise, or (5) any combination of the foregoing methods of payment.
To the extent that the consideration paid for the Shares is denominated in US

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Dollars, the exchange rate to be used to obtain a New Israeli Shekel value of
such consideration shall be the noon buying rate as reported by the Federal
Reserve Bank of New York (expressed in shekels per unit of US Dollar) on the
date of exercise of the Option. The Administrator shall determine, at its own
discretion, the type of consideration to be accepted by the Company. Unless
determined otherwise the consideration shall be paid to the Company in US
Dollars.

         9. EXERCISE OF OPTION.

              (i) PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any Option
granted hereunder shall be exercisable according to the terms of the Plan and
the Option Agreement, and at such times and under such conditions as determined
by the Administrator and set forth in the Option Agreement. Except in the case
of Options granted to Officers, Directors, and Consultants, Options shall become
exercisable at a rate of no less than 20% per year over five (5) years from the
Date of Grant. An Option may not be exercised for a fraction of a Share.

              An Option shall be deemed exercised when the Company receives: (i)
written notice of exercise (in accordance with the Option Agreement) from the
person entitled to exercise the Option, and (ii) full payment for the Shares
with respect to which the Option is exercised. Full payment may consist of any
consideration and method of payment authorized by the Administrator and
permitted by the Option Agreement and the Plan. Unless otherwise determined by
the Administrator, Shares issued upon exercise of an Option shall be issued to
the Optionee or in the name of the Optionee to a trustee appointed by the
Administrator (the "Trustee"), to be held by the Trustee on behalf of the
Optionee, unless otherwise determined, until the consummation of the initial
underwritten public offering of the Company's shares, pursuant to an effective
registration statement, prospectus or similar document in the USA or such other
jurisdiction as is determined by the Board. Until the Shares are issued,
transferred to the Optionee and registered in its name (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or any other rights as a shareholder
shall exist with respect to the Shares, notwithstanding the exercise of the
Option. Shares registered in the Trustee's name shall be represented at all
meetings of shareholders but shall either abstain or be voted in the same manner
and proportion as the other shares or capital stock represented at the meeting.
The Company shall issue (or cause to be issued) such Shares promptly after the
Option is exercised. No adjustment will be made for a dividend or other right
for which the record date is prior to the date the Shares are issued, except as
provided in Section 11 of the Plan.

              In the event that the Board grants an option to be held by the
Optionee, upon the exercise thereof, unless otherwise provided for in the Option
Agreement or by the Board, all rights conveyed to the Trustee according to this
Plan with respect to shares issued upon the exercise of an option shall be
awarded to said Optionee.

              Exercise of an Option in any manner shall result in a decrease in
the number of Shares thereafter available, both for purposes of the Plan and for
sale under the Option, by the number of Shares as to which the Option is
exercised.

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

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<PAGE>

              (iii) DISABILITY OF OPTIONEE. If an Optionee ceases to be a
Service Provider as a result of the Optionee's disability, the Optionee may
exercise his or her Option within such period of time as is specified in the
Option Agreement (of at least six (6) months) to the extent the Option is vested
on the date of termination, but in no event later than the expiration date of
the term of such Option as set forth in the Option Agreement. In the absence of
a specified time in the Option Agreement, the Option shall remain exercisable
for twelve (12) months following the Optionee's termination. If, on the date of
termination, the Optionee is not vested as to the entire Option, the Shares
covered by the unvested portion of the Option shall revert to the Plan. If,
after termination, the Option is not exercised within the time specified herein,
the Option shall terminate, and the Shares covered by such Option shall revert
to the Plan. If such disability is not a "disability" as such term is defined in
Section 22(e)(3) of the Code, in the case of an Incentive Stock Option such
Incentive Stock Option shall automatically cease to be treated as an Incentive
Stock Option and shall be treated for tax purposes as a Nonstatutory Stock
Option on the day three months and one day following such termination.

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

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

              11. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER.

              (i) CHANGES IN CAPITALIZATION. In the event the Shares shall be
subdivided or combined into a greater or smaller number of Shares or if, upon a
reorganization, recapitalization or the like, the Shares shall be exchanged for
other securities of the Company, each Optionee shall be entitled, subject to the
conditions herein stated, to purchase such number of Shares or amount of other
securities of the Company as were exchangeable for the number of Shares of the
Company which such Optionee would have been entitled to purchase except for such
action, and appropriate adjustments shall be made in the purchase price per
share to reflect such subdivision, combination or exchange.

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              In the event that the Company shall issue any of its Shares or
other securities as bonus shares or a stock dividend upon or with respect to any
Shares which shall at the time be subject to an Option hereunder, each Optionee
upon exercising such Option shall be entitled to receive (for the purchase price
payable upon such exercise), the Shares as to which he or she is exercising such
Option and, in addition thereto (at no additional cost), such number of shares
of the class or classes in which such bonus shares or stock dividend were
declared, and such amount of Shares (and the amount in lieu of fractional
Shares) as is equal to the Shares which he would have received had he been the
holder of the Shares as to which he is exercising his Option at all times
between the Date of Grant of such Option and the date of its exercise.

              Upon the occurrence of any of the foregoing events, the class and
aggregate number of Shares or other securities issuable pursuant to the Plan, in
respect of which Options have not yet been granted, shall also be appropriately
adjusted to reflect the events specified above.

              (ii) DISSOLUTION OR LIQUIDATION. In the event of the proposed
dissolution or liquidation of the Company, the Administrator shall notify each
Optionee as soon as practicable prior to the effective date of such proposed
transaction. The Administrator in its discretion may provide for an Optionee to
have the right to exercise his or her Option until fifteen (15) days prior to
such transaction as to all of the Optioned Shares, including Shares as to which
the Option would not otherwise be exercisable. To the extent it has not been
previously exercised, an Option will terminate immediately prior to the
consummation of such proposed action.

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

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

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<PAGE>

         13. AMENDMENT AND TERMINATION OF THE PLAN.

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

                  (ii) SHAREHOLDER APPROVAL. The Board shall obtain shareholder
approval of any Plan amendment only if required under Applicable Laws.

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

         14. CONDITIONS UPON ISSUANCE OF SHARES.

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

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

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

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

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

         18. INFORMATION TO OPTIONEES AND PURCHASERS. The Company shall provide
to each Optionee and to each individual who acquires Shares pursuant to the
Plan, not less frequently than annually during the period such Optionee or
purchaser has one or more Options outstanding, and, in the case of an individual
who acquires Shares pursuant to the Plan, during the period such individual owns

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<PAGE>

such Shares, copies of annual financial statements. The Company shall not be
required to provide such statements to key employees whose duties in connection
with the Company assure their access to equivalent information.

                                       10
<PAGE>M-WISE, INC.

                     INTERNATIONAL SHARE OPTION PLAN (2001)

                             SHARE OPTION AGREEMENT

      Unless otherwise defined herein, terms capitalized in this Share Option
Agreement (the "Agreement") shall have the same meaning ascribed to them in the
m-Wise, Inc. (the "Company") International Share Option Plan (2001) (the
"Plan"). The Notice of Share Option Grant (the "Notice of Grant") included in
this Agreement as Part I is an integral part hereof. This Agreement is made as
of ____________, 2004.

I        NOTICE OF SHARE OPTION GRANT

         [NAME OF GRANTEE]

         [ADDRESS]

         The undersigned Optionee has been granted an Option to purchase shares
of Common Stock of the Company, par value $0.0017 each, subject to the terms and
conditions of the Plan and this Option Agreement, as follows:

         Date of Grant                              ________________

         Vesting Commencement Date                  ________________

         Exercise Price per Share                   ________________

         Total Number of Shares Granted             ________________

         Total Exercise Price                       ________________

         Term/Expiration Date:                      ________________

VESTING SCHEDULE:

         This Option shall be exercisable, in whole or in part, according to the
following vesting schedule:

         __% of the Shares subject to the Option shall vest ______ months after
the Vesting Commencement Date, and ___% of the Shares subject to the Option
shall vest at the end of each ________-month period thereafter, subject to
Optionee's continuing to be a __________ on such dates.

<PAGE>

TERMINATION PERIOD:

        This Option shall be exercisable, in whole or in part, at any time until
___________. This Option shall be exercisable for _________ months after
Optionee ceases to be a __________. Upon Optionee's death or Disability, this
Option may be exercised for _______ months after Optionee ceases to be a ______.
In no event may Optionee exercise this Option after the Term/Expiration Date.

II.      AGREEMENT

         1. GRANT OF OPTION. The Administrator hereby grants to the Optionee
named in the Notice of Grant (the "Optionee"), an option (the "Option") to
purchase the number of shares set forth in the Notice of Grant (the "Shares"),
at the exercise price per Share set forth in the Notice of Grant (the "Exercise
Price"), and, unless expressly provided for otherwise herein, subject to the
terms and conditions of the Plan, which is incorporated herein by reference.
Subject to Section 13(iii) of the Plan, in the event of a conflict between the
terms and conditions of the Plan and this Option Agreement, the terms and
conditions of this Option Agreement shall prevail.

         2. EXERCISE OF OPTION.

                  (i) RIGHT TO EXERCISE. This Option shall be exercisable during
the period set forth in the Notice of Grant in accordance with the applicable
provisions of the Plan and this Option Agreement.

                  (ii) METHOD OF EXERCISE. This Option shall be exercisable, in
whole or in part, by delivery to the Company of an exercise notice in the form
attached as EXHIBIT A (the "Exercise Notice") which shall state the election to
exercise the Option, the number of Shares with respect to which the Option is
being exercised (the "Exercised Shares"), and such other representations and
agreements as may be required by the Company. The Exercise Notice shall be
accompanied by payment of the aggregate Exercise Price as to all Exercised
Shares. This Option shall be deemed to be exercised, to the extent applicable to
the Exercise Notice, upon receipt by the Company of such fully executed Exercise
Notice and any such other representations and agreements as may be required by
the Company accompanied by the aggregate Exercise Price for the Exercised
Shares.

                  No Shares shall be issued pursuant to the exercise of this
Option unless such issuance and such exercise comply with Applicable Laws.
Shares issued pursuant to the exercise of this option will be issued in the name
of ___________. Until the issuance of the Shares (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer
agent of the Company), no right to vote or receive dividends or any other rights
as a shareholder shall exist with respect to the Option, notwithstanding the
exercise of the Option. The Shares shall be issued to the __________ as soon as
practicable after the Option is exercised. No adjustment shall be made for a
dividend or other right for which the record date is prior to the date of
issuance except as provided in Section 11 of the Plan.

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

<PAGE>

         3. LOCK-UP PERIOD. Optionee hereby agrees that, if so requested by the
Company in connection with any registration of the offering of any securities of
the Company under the Securities Act, Optionee shall not sell or otherwise
transfer any of the Shares orany other securities of the Company during such
period as may be requested in writing by the Company following the effective
date of a registration statement of the Company filed under the Securities Act.

         5. METHOD OF PAYMENT. Payment of the aggregate Exercise Price shall be
by cash or check, or any other method approved by the Board of Directors of the
Company ("Board").

         6. RESTRICTIONS ON EXERCISE. Unless otherwise determined by the
Administrator, this Option may not be exercised until such time as the Plan has
been approved by the shareholders of the Company, or if the issuance of such
Shares upon such exercise or the method of payment of consideration for such
shares would constitute a violation of any Applicable Law.

         6. NON-TRANSFERABILITY OF OPTION. The Company may assign any of its
rights under this Agreement to single or multiple assignees, and this Agreement
shall inure to the benefit of the successors and assigns of the Company. This
Agreement, the Option and any rights granted hereunder may not be transferred by
Optionee in any manner otherwise than by will or by the laws of descent and may
be exercised during the lifetime of Optionee only by Optionee. The terms of the
Plan and this Option Agreement shall be binding upon the executors,
administrators and heirs of the Optionee.

         7. TERM OF OPTION. This Option may be exercised only within the term
set out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Option Agreement.

         9. TAX CONSEQUENCES. The Optionee hereby acknowledges that the grant of
the Option and the issue of the Shares, the execution of this Agreement and the
Optionee's participation in the Plan shall have tax consequences to the
Optionee, and that the Company is not able to ensure or represent to the
Optionee the nature and extent of such tax consequences. The Optionee
acknowledges and agrees that pursuant to the Plan, the Optionee shall be liable
to pay all taxes of every nature, including duties, fines and any other payment
which may be imposed by any tax authorities, whether in the US or abroad, and
all expenses arising out of the Plan, including every obligatory payment of
whatever source in respect of the Option, the Shares (including, without
limitation, upon the exercise of the Option, the registration of the Shares in
the Optionee's name or the sale of the Shares) or dividends or any other benefit
in respect thereof, and/or all other charges which may accrue to the Optionee or
the Company in connection with the Plan. The Optionee covenants to promptly
indemnify the Company against any charge, payment or expense as aforesaid, and

<PAGE>

any such amount shall be deemed a debt of the Optionee to the Company, which may
be deducted or set off from any amounts payable to the Optionee. Furthermore,
the Optionee acknowledges that the Optionee shall not have, and the Optionee
hereby waives, any complaint and/or cause of action the same has or shall have
in the future against the Company in any way connected to any taxation resulting
from the grant of the Option, the exercise thereof, the sale of Shares by the
Optionee and/or any other matter which is in any manner whatsoever connected to
the Option, the Shares and/or the participation of the Optionee in the Plan.

         9. ENTIRE AGREEMENT; GOVERNING LAW; DISPUTES. The Plan is incorporated
herein by reference. The Plan and this Option Agreement constitute the entire
agreement of the parties with respect to the subject matter hereof and supersede
in their entirety all prior undertakings and agreements of the Company and
Optionee with respect to the subject matter hereof, and may not be modified
adversely to the Optionee's interest except by means of a writing signed by the
Company and Optionee. This Agreement and the Plan shall be governed by and
construed in accordance with the laws of the State of Israel and, subject to the
provisions of the next paragraph, the competent courts in the district of Tel
Aviv - Jaffa shall have exclusive jurisdiction with respect to any matter or
conflict with respect thereto.

         As a condition of the granting of the Option, the Optionee agrees that
any dispute or disagreement that shall arise under or as a result of this
Agreement shall be determined by the Board, or any committee designated by the
Board pursuant to the Plan, in its sole discretion and judgment and that any
such determination and any interpretation by the Board or any such committee of
the terms of this Agreement shall be final and shall be binding and conclusive
for all purposes.

         Optionee acknowledges receipt of a copy of the Plan and represents that
he or she is familiar with the terms and provisions thereof, and hereby accepts
this Option subject to all of the terms and provisions thereof. Optionee has
reviewed the Plan and this Option in their entirety, has had an opportunity to
obtain the advice of counsel and tax advisors prior to executing this Option and
fully understands all provisions of the Option. Optionee hereby agrees to accept
as binding, conclusive and final all decisions or interpretations of the
Administrator upon any questions arising under the Plan or this Option. Optionee
is aware and agrees that the Company intends to issue additional shares of stock
in the future to various entities and individuals, including shares of preferred
stock that will entitle their holder to preferred rights over the holder of
common stock, as the Company in its sole discretion shall determine. Optionee
further agrees to notify the Company upon any change in the residence address
indicated below.

            [THE REMAINDER OF THIS PAGE WAS INTENTIONALLY LEFT BLANK]

<PAGE>

  [SIGNATURE PAGE OF M-WISE, INC. INTERNATIONAL SHARE OPTION PLAN (2001) SHARE
                               OPTION AGREEMENT]

OPTIONEE                                    M-WISE, INC.

Signature                                   By

--------------------------------           -----------------------------------
Print Name                                  Title

--------------------------------
Residence Address

<PAGE>

                                    EXHIBIT A

                     INTERNATIONAL SHARE OPTION PLAN (2001)

                                 EXERCISE NOTICE

M-WISE, INC.

10 Hasadnaot St.
Herzliya 46728
Israel

Attention: __________, Chairman

         1. EXERCISE OF OPTION. Effective as of today, , , the undersigned
("Optionee") hereby elects to exercise Optionee's option to purchase _________
Common Stock (the "Shares") of m-Wise, Inc. (the "Company") under and pursuant
to the International Share Option Plan (2001) (the "Plan") and the Share Option
Agreement dated , (the "Option Agreement").

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

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

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

         5. RESTRICTIVE LEGENDS AND STOP-TRANSFER ORDERS.

                  (i) LEGENDS. Optionee understands and agrees that the Company
shall cause the legends set forth below or legends substantially equivalent
thereto, to be placed upon any certificate(s) evidencing ownership of the Shares
together with any other legends that may be required by the Company or by state
or federal securities laws:

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

<PAGE>

                           THE SHARES REPRESENTED BY THIS CERTIFICATE ARE
                           SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A
                           RIGHT OF FIRST REFUSAL HELD BY THE SHAREHOLDERS OF
                           THE ISSUER OR THEIR ASSIGNEE(S) AS SET FORTH IN THE
                           ARTICLES OF ASSOCIATION OF THE ISSUER, A COPY OF
                           WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE
                           ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST
                           REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.

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

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

                       [THE REMAINDER OF THIS PAGE WAS INTENTIONALLY LEFT BLANK]

<PAGE>

[SIGNATURE PAGE OF M-WISE, INC. INTERNATIONAL SHARE OPTION PLAN (2001) EXERCISE
                                    NOTICE]

Submitted by:                                    Accepted by:

OPTIONEE                                         M-WISE, INC.

Signature                                        By

Print Name                                       Title

ADDRESS:                                         ADDRESS:
---------------------------                      -----------------------------

                                                 Date Received

<PAGE>

                                    EXHIBIT B

                       INVESTMENT REPRESENTATION STATEMENT

OPTIONEE:
        --------------------------------------------

COMPANY: M-WISE, INC.

SECURITY:         COMMON STOCK

AMOUNT:
      --------------------------------------------

DATE:
     --------------------------------------------

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

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

         (ii) Optionee acknowledges and understands that the Securities
constitute "restricted securities" under the Securities Act and have not been
registered under the Securities Act in reliance upon a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide
nature of Optionee's investment intent as expressed herein. In this connection,
Optionee understands that, in the view of the Securities and Exchange
Commission, the statutory basis for such exemption may be unavailable if
Optionee's representation was predicated solely upon a present intention to hold
these Securities for the minimum capital gains period specified under tax
statutes, for a deferred sale, for or until an increase or decrease in the
market price of the Securities, or for a period of one year or any other fixed
period in the future. Optionee further understands that the Securities must be
held indefinitely unless they are subsequently registered under the Securities
Act or an exemption from such registration is available. Optionee further
acknowledges and understands that the Company is under no obligation to register
the Securities. Optionee understands that the certificate evidencing the
Securities will be imprinted with a legend which prohibits the transfer of the
Securities unless they are registered or such registration is not required in
the opinion of counsel satisfactory to the Company, and any other legend
required under applicable state securities laws.

         (iii) Optionee is familiar with the provisions of Rule 701 and Rule
144, each promulgated under the Securities Act, which, in substance, permit
limited public resale of "restricted securities" acquired, directly or
indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer
qualifies under Rule 701 at the time of the grant of the Option to the Optionee,
the exercise will be exempt from registration under the Securities Act. In the
event the Company becomes subject to the reporting requirements of Section 13 or
15(d) of the Securities Exchange Act of 1934, ninety (90) days thereafter (or
such longer period as any market stand-off agreement may require) the Securities
exempt under Rule 701 may be resold, subject to the satisfaction of certain of
the conditions specified by Rule 144, including: (1) the resale being made
through a broker in an unsolicited "broker's transaction" or in transactions
directly with a market maker (as said term is defined under the Securities
Exchange Act of 1934); and, in the case of an affiliate, (2) the availability of
certain public information about the Company, (3) the amount of Securities being
sold during any three month period not exceeding the limitations specified in
Rule 144(e), and (4) the timely filing of a Form 144, if applicable.

                  In the event that the Company does not qualify under Rule 701
at the time of grant of the Option, then the Securities may be resold in certain
limited circumstances subject to the provisions of Rule 144, which requires the
resale to occur not less than one year after the later of the date the
Securities were sold by the Company or the date the Securities were sold by an
affiliate of the Company, within the meaning of Rule 144; and, in the case of
acquisition of the Securities by an affiliate, or by a non-affiliate who
subsequently holds the Securities less than two years, the satisfaction of the
conditions set forth in sections (1), (2), (3) and (4) of the paragraph
immediately above.

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

                                 Signature of Optionee:

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

<PAGE>

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