Document:

Exhibit 4.2

THIS WARRANT AND THE COMMON  SHARES  ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE
STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE
OF THIS WARRANT MAY NOT BE SOLD,  OFFERED FOR SALE,  PLEDGED OR  HYPOTHECATED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SAID
ACT AND APPLICABLE  STATE  SECURITIES  LAWS OR AN OPINION OF COUNSEL  REASONABLY
SATISFACTORY TO RELOCATE 411.COM, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.

                              Right to Purchase _________ Shares of Common Stock
                              of Relocate  411.com,  Inc. (subject to adjustment
                              as provided herein)

                          COMMON STOCK PURCHASE WARRANT

No. 1                                                     ________________, 2000

     RELOCATE 411.COM, INC., a corporation organized under the laws of the State
of  Delaware  (the  "Company"),  hereby  certifies  that,  for  value  received,
_______________,  or assigns, is entitled, subject to the terms set forth below,
to purchase from the Company after ___________, 2000 at any time or from time to
time before  5:00 p.m.,  New York time,  on January  26,  2003 (the  "Expiration
Date"), up to _________ fully paid and nonassessable  shares of Common Stock (as
hereinafter defined),  $.0001 par value per share, of the Company, at a purchase
price of $0.75 per share (such purchase price per share as adjusted from time to
time as herein  provided  is referred to herein as the  "Purchase  Price").  The
number and  character of such shares of Common Stock and the Purchase  Price are
subject to adjustment as provided herein.

     As used herein the following terms,  unless the context otherwise requires,
have the following respective meanings:

     (a)  The  term  Company  shall  include  Relocate  411.com,  Inc.  and  any
corporation  which shall succeed or assume the obligations of Relocate  411.com,
Inc. hereunder.

     (b) The term "Common Stock" includes (a) the Company's Common Stock, $.0001
par value per share,  as authorized on the date of the Agreement,  (b) any other
capital  stock of any class or  classes  (however  designated)  of the  Company,
authorized  on or after such date,  the  holders of which  shall have the right,
without  limitation as to amount,  either to all or to a share of the balance of
current  dividends and liquidating  dividends after the payment of dividends and
distributions  on any shares  entitled to  preference,  and the holders of which
shall ordinarily,  in the absence of contingencies,  be entitled to vote for the
election of a majority of directors of the Company (even if the right so to vote
has been  suspended by the  happening of such a  contingency)  and (c) any other
securities into which or for which any of the securities described

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in  (a)  or  (b)  may  be  converted   or  exchanged   pursuant  to  a  plan  of
recapitalization, reorganization, merger, sale of assets or otherwise.

     (c) The term  "Other  Securities"  refers to any stock  (other  than Common
Stock) and other  securities  of the Company or any other person  (corporate  or
otherwise)  which the holder of the  Warrant at any time  shall be  entitled  to
receive,  or shall have received,  on the exercise of the Warrant, in lieu of or
in  addition  to Common  Stock,  or which at any time shall be issuable or shall
have been  issued in exchange  for or in  replacement  of Common  Stock or Other
Securities pursuant to Section 4 or otherwise.

     1. Exercise of Warrant.

     1.1.  Number  of Shares  Issuable  upon  Exercise.  From and after the date
hereof  through and including the  Expiration  Date,  the holder hereof shall be
entitled to receive,  upon exercise of this Warrant in whole in accordance  with
the  terms  of  subsection  1.2 or  upon  exercise  of this  Warrant  in part in
accordance with  subsection 1.3, shares of Common Stock of the Company,  subject
to adjustment pursuant to Section 4.

     1.2.  Full  Exercise.  This  Warrant may be exercised in full by the holder
hereof by surrender of this Warrant,  with the form of subscription  attached as
Exhibit A hereto (the  Subscription  Form") duly executed by such holder, to the
Company  at its  principal  office  or at the  office of its  Warrant  agent (as
provided in Section  11),  accompanied  by payment,  in cash or by  certified or
official bank check payable to the order of the Company,  in the amount obtained
by  multiplying  the number of shares of Common  Stock for which this Warrant is
then exercisable by the Purchase Price (as hereinafter defined) then in effect.

     1.3. Partial Exercise. This Warrant may be exercised in part (but not for a
fractional  share) by  surrender  of this Warrant in the manner and at the place
provided in subsection  1.2 except that the amount payable by the holder on such
partial  exercise shall be the amount  obtained by multiplying (a) the number of
shares of Common Stock designated by the holder in the Subscription  Form by (b)
the Purchase Price then in effect. On any such partial exercise, the Company, at
its expense, will forthwith issue and deliver to or upon the order of the holder
hereof a new Warrant of like tenor,  in the name of the holder hereof or as such
holder  (upon  payment by such holder of any  applicable  transfer  taxes),  may
request,  the number of shares of Common  Stock for which such Warrant may still
be exercised.

     1.4. Fair Market Value.  Fair Market Value of a share of Common Stock as of
a particular date (the "Determination Date") shall mean the Fair Market Value of
a share of the Company's  Common  Stock.  Fair Market Value of a share of Common
Stock as of a Determination Date shall mean:

          (a) If the  Company's  Common  Stock is  traded on an  exchange  or is
     quoted on the National  Association of Securities  Dealers,  Inc. Automated
     Quotation  ("NASDAQ") National Market System or the NASDAQ SmallCap Market,
     then the closing or last sale price,  respectively,  reported  for the last
     business day immediately preceding the Determination Date.

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          (b) If the  Company's  Common Stock is not traded on an exchange or on
     the NASDAQ  National  Market  System or the NASDAQ  SmallCap  Market but is
     traded in the over-the-counter market, then the mean of the closing bid and
     asked prices reported for the last business day  immediately  preceding the
     Determination Date.

          (c) Except as provided in clause (d) below,  if the  Company's  Common
     Stock is not publicly  traded,  then as the Holder and the Company agree or
     in the absence of agreement by  arbitration  in  accordance  with the rules
     then  standing of the  American  Arbitration  Association,  before a single
     arbitrator to be chosen from a panel of persons  qualified by education and
     training to pass on the matter to be decided.

          (d)  If  the  Determination   Date  is  the  date  of  a  liquidation,
     dissolution  or  winding  up,  or any  event  deemed  to be a  liquidation,
     dissolution  or winding up  pursuant  to the  Company's  charter,  then all
     amounts to be payable per share to holders of the Common Stock  pursuant to
     the charter in the event of such  liquidation,  dissolution  or winding up,
     plus all other  amounts  to be  payable  per share in respect of the Common
     Stock in liquidation  under the charter,  assuming for the purposes of this
     clause  (d) that all of the  shares  of Common  Stock  then  issuable  upon
     exercise of all of the Warrants are outstanding at the Determination Date.

     1.5. Company Acknowledgment.  The Company will, at the time of the exercise
of the Warrant, upon the request of the holder hereof acknowledge in writing its
continuing  obligation  to afford to such holder any rights to which such holder
shall  continue  to be  entitled  after such  exercise  in  accordance  with the
provisions of this  Warrant.  If the holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford
to such holder any such rights.

     1.6. Trustee for Warrant Holders. In the event that a bank or trust company
shall have been appointed as trustee for the holders of the Warrants pursuant to
Subsection  3.2, such bank or trust company shall have all the powers and duties
of a warrant agent appointed pursuant to Section 10 and shall accept, in its own
name for the account of the Company or such successor  person as may be entitled
thereto, all amounts otherwise payable to the Company or such successor,  as the
case may be, on exercise of this Warrant pursuant to this Section 1.

     2. Delivery of Stock  Certificates,  etc. on Exercise.  The Company  agrees
that the shares of Common Stock purchased upon exercise of this Warrant shall be
deemed to be issued to the holder  hereof as the record  owner of such shares as
of the close of  business  on the date on which  this  Warrant  shall  have been
surrendered  and  payment  made  for  such  shares  as  aforesaid.  As  soon  as
practicable  after the exercise of this  Warrant in full or in part,  and in any
event  within 10 days  thereafter,  the  Company at its expense  (including  the
payment by it of any applicable issue taxes) will cause to be issued in the name
of and delivered to the holder  hereof,  or as such holder (upon payment by such
holder  of  any  applicable  transfer  taxes)  may  direct  in  compliance  with
applicable Securities Laws, a certificate or certificates for the number of duly
and validly  issued,  fully paid and  nonassessable  shares of Common  Stock (or
Other Securities) to which such holder shall be entitled on such exercise, plus,
in lieu of any  fractional  share  to  which  such  holder  would  otherwise  be
entitled,  cash equal to such fraction  multiplied by the then Fair Market Value

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of one full  share,  together  with any  other  stock  or other  securities  and
property  (including  cash,  where  applicable) to which such holder is entitled
upon such exercise pursuant to Section 1 or otherwise.

     3. Adjustment for Reorganization, Consolidation, Merger, etc.

     3.1.  Reorganization,  Consolidation,  Merger,  etc. In case at any time or
from  time  to  time,  the  Company  shall  (a)  effect  a  reorganization,  (b)
consolidate  with or  merge  into  any  other  person,  or (c)  transfer  all or
substantially all of its properties or assets to any other person under any plan
or arrangement  contemplating the dissolution of the Company, then, in each such
case,  as a condition  to the  consummation  of such a  transaction,  proper and
adequate  provision  shall be made by the  Company  whereby  the  holder of this
Warrant,  on the exercise  hereof as provided in Section 1 at any time after the
consummation of such  reorganization,  consolidation  or merger or the effective
date of such  dissolution,  as the case may be,  shall  receive,  in lieu of the
Common  Stock (or Other  Securities)  issuable  on such  exercise  prior to such
consummation or such effective date, the stock and other securities and property
(including  cash) to which  such  holder  would  have  been  entitled  upon such
consummation or in connection with such dissolution, as the case may be, if such
holder had so exercised this Warrant,  immediately prior thereto, all subject to
further adjustment thereafter as provided in Section 4.

     3.2. Dissolution.  In the event of any dissolution of the Company following
the  transfer  of all or  substantially  all of its  properties  or assets,  the
Company, prior to such dissolution,  shall at its expense deliver or cause to be
delivered the stock and other  securities and property  (including  cash,  where
applicable)  receivable by the holders of the Warrants  after the effective date
of such dissolution pursuant to this Section 3 to a bank or trust company having
its  principal  office in New York,  NY, as trustee for the holder or holders of
the Warrants.

     3.3. Continuation of Terms. Upon any reorganization,  consolidation, merger
or transfer (and any  dissolution  following  any transfer)  referred to in this
Section 3.3, this Warrant shall  continue in full force and effect and the terms
hereof  shall be  applicable  to the  shares of stock and other  securities  and
property  receivable on the exercise of this Warrant after the  consummation  of
such   reorganization,   consolidation  or  merger  or  the  effective  date  of
dissolution  following  any such  transfer,  as the case  may be,  and  shall be
binding upon the issuer of any such stock or other securities, including, in the
case of any such transfer,  the person acquiring all or substantially all of the
properties  or assets of the  Company,  whether  or not such  person  shall have
expressly  assumed  the terms of this  Warrant as  provided in Section 4. In the
event this Warrant does continue in full force and effect after the consummation
of the  transaction  described in this Section 3.3, then only in such event will
the  Company's  securities  and  property  (including  cash,  where  applicable)
receivable  by the  holders  of the  Warrants  be  delivered  to the  Trustee as
contemplated by Section 3.2.

     4.  Extraordinary  Events  Regarding  Common  Stock.  In the event that the
Company shall (a) issue  additional  shares of the Common Stock as a dividend or
other  distribution on outstanding  Common Stock,  (b) subdivide its outstanding
shares of Common  Stock,  or (c)  combine its  outstanding  shares of the Common
Stock into a smaller  number of shares of the Common  Stock,  then, in each such
event, the Purchase Price shall, simultaneously with the

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happening of such event, be adjusted by multiplying the then Purchase Price by a
fraction,  the  numerator of which shall be the number of shares of Common Stock
outstanding  immediately  prior to such event and the denominator of which shall
be the  number of shares of Common  Stock  outstanding  immediately  after  such
event,  and the product so obtained shall  thereafter be the Purchase Price then
in effect.  The Purchase Price, as so adjusted,  shall be readjusted in the same
manner upon the happening of any successive  event or events described herein in
this  Section  4. The  number of shares of Common  Stock that the holder of this
Warrant shall  thereafter,  on the exercise  hereof as provided in Section 1, be
entitled to receive shall be increased to a number determined by multiplying the
number of shares of Common Stock that would otherwise (but for the provisions of
this  Section 4) be  issuable  on such  exercise  by a fraction of which (a) the
numerator is the Purchase Price that would  otherwise (but for the provisions of
this Section 4) be in effect,  and (b) the  denominator is the Purchase Price in
effect on the date of such exercise.

     5.  Certificate  as to  Adjustments.  In  each  case of any  adjustment  or
readjustment in the shares of Common Stock (or Other Securities) issuable on the
exercise of the  Warrants,  the Company at its expense will  promptly  cause its
Chief Financial Officer or other appropriate designee to compute such adjustment
or  readjustment  in  accordance  with the terms of the  Warrant  and  prepare a
certificate  setting forth such adjustment or readjustment and showing in detail
the facts upon which such  adjustment  or  readjustment  is based,  including  a
statement of (a) the consideration received or receivable by the Company for any
additional shares of Common Stock (or Other Securities) issued or sold or deemed
to have been issued or sold,  (b) the number of shares of Common Stock (or Other
Securities) outstanding or deemed to be outstanding,  and (c) the Purchase Price
and the number of shares of Common  Stock to be received  upon  exercise of this
Warrant,  in effect  immediately prior to such adjustment or readjustment and as
adjusted or readjusted as provided in this Warrant.  The Company will  forthwith
mail a copy of each  such  certificate  to the  holder  of the  Warrant  and any
Warrant agent of the Company (appointed pursuant to Section 10 hereof).

     6. Reservation of Stock,  etc.  Issuable on Exercise of Warrant;  Financial
Statements. The Company will at all times reserve and keep available, solely for
issuance  and  delivery on the  exercise of the  Warrants,  all shares of Common
Stock (or Other  Securities)  from time to time  issuable on the exercise of the
Warrant.  This  Warrant  entitles  the holder  hereof to  receive  copies of all
financial and other information distributed or required to be distributed to the
holders of the Company's Common Stock.

     7. Assignment;  Exchange of Warrant.  Subject to compliance with applicable
Securities  laws,  this  Warrant,  and  the  rights  evidenced  hereby,  may  be
transferred by any registered holder hereof (a "Transferor") with respect to any
or all of the Shares.  On the surrender  for exchange of this Warrant,  with the
Transferor's  endorsement  in  the  form  of  Exhibit  B  attached  hereto  (the
Transferor Endorsement Form") and together with evidence reasonably satisfactory
to the Company  demonstrating  compliance with applicable  Securities  Laws, the
Company at its  expense but with  payment by the  Transferor  of any  applicable
transfer  taxes)  will issue and  deliver  to or on the order of the  Transferor
thereof a new Warrant or Warrants of like tenor,  in the name of the  Transferor
and/or the transferee(s)  specified in such Transferor  Endorsement Form (each a
"Transferee"), calling in the aggregate on the face or faces thereof for

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the  number of shares of  Common  Stock  called  for on the face or faces of the
Warrant so surrendered by the Transferor.

     8. Replacement of Warrant. On receipt of evidence  reasonably  satisfactory
to the Company of the loss,  theft,  destruction  or  mutilation of this Warrant
and, in the case of any such loss,  theft or  destruction  of this  Warrant,  on
delivery of an indemnity agreement or security  reasonably  satisfactory in form
and amount to the Company or, in the case of any such  mutilation,  on surrender
and  cancellation  of this Warrant,  the Company at its expense will execute and
deliver, in lieu thereof, a new Warrant of like tenor.

     9. Registration Rights. The holder of this Warrant has been granted certain
registration rights by the Company. These registration rights are set forth in a
Subscription  Agreement  entered  into by the  Company  and  Subscribers  of the
Company's Common Stock at or prior to the issue date of this Warrant.  The terms
of the Subscription Agreement are incorporated herein by this reference.

     10. Warrant Agent. The Company may, by written notice to the each holder of
the Warrant,  appoint an agent for the purpose of issuing Common Stock (or Other
Securities)  on the exercise of this Warrant  pursuant to Section 1,  exchanging
this  Warrant  pursuant to Section 7, and  replacing  this  Warrant  pursuant to
Section 8, or any of the foregoing,  and thereafter any such issuance,  exchange
or replacement, as the case may be, shall be made at such office by such agent.

     11. Transfer on the Company's  Books.  Until this Warrant is transferred on
the books of the Company,  the Company may treat the registered holder hereof as
the absolute  owner hereof for all purposes,  notwithstanding  any notice to the
contrary.

     12. Notices,  etc. All notices and other communications from the Company to
the  holder  of this  Warrant  shall be  mailed  by first  class  registered  or
certified mail,  postage prepaid,  at such address as may have been furnished to
the Company in writing by such holder or, until any such holder furnishes to the
Company an  address,  then to, and at the  address  of, the last  holder of this
Warrant who has so furnished an address to the Company.

     13. Maximum  Exercise.  The  holder shall not be entitled to exercise on an
exercise date that amount of warrants in  connection  with that number of shares
of Common  Stock which would be in excess of the sum of (i) the number of shares
of Common Stock  beneficially  owned by such holder and its  affiliates  on such
exercise  date,  and (ii) the number of shares of Common Stock issuable upon the
exercise of this Warrant with respect to which the determination of this proviso
is being made on an exercise date, which would result in beneficial ownership by
the holder and its  affiliates of more than 9.99% of the  outstanding  shares of
Common  Stock of the  Company on such  exercise  date.  For the  purposes of the
proviso to the immediately  preceding  sentence,  beneficial  ownership shall be
determined in accordance with Section 13(d) of the Securities  Exchange of 1934,
as amended,  and Regulation  13d-3  thereunder.  Subject to the  foregoing,  the
holder shall not be limited to aggregate warrant exercises of only 9.99%.

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     14. Miscellaneous. This Warrant and any term hereof may be changed, waived,
discharged  or terminated  only by an instrument in writing  signed by the party
against which  enforcement of such change,  waiver,  discharge or termination is
sought.  This Warrant  shall be construed  and enforced in  accordance  with and
governed by the laws of New York. Any dispute  relating to this Warrant shall be
adjudicated in New York State.  The headings in this Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.
The  invalidity  or  unenforceability  of any  provision  hereof shall in no way
affect the validity or enforceability of any other provision.

     IN WITNESS WHEREOF,  the Company has executed this Warrant under seal as of
the date first written above.

                                            Relocate 411.com, Inc.

                                            By:_____________________________

Witness:

_______________________________

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                                    Exhibit A

                              FORM OF SUBSCRIPTION
                   (To be signed only on exercise of Warrant)

TO: Relocate 411.com, Inc.

The undersigned,  the holder of the within Warrant, hereby irrevocably elects to
exercise this Warrant for, and to purchase  thereunder,  ____________  shares of
Common  Stock  of  Relocate   411.com,   Inc.  and  herewith  makes  payment  of
$_____________________  therefor,  and requests that the  certificates  for such
shares be issued in the name of, and  delivered  to  ___________________________
whose address is __________________________________________ .

The  undersigned  represents  and  warrants  that all  offers  and  sales by the
undersigned of the securities issuable upon exercise of the within Warrant shall
be made pursuant to registration of the Common Stock under the Securities Act of
1933,  as amended  (the  "Securities  Act") or  pursuant  to an  exemption  from
registration under the Securities Act.

Dated:___________________

                                          _____________________________________
                                          (Signature  must  conform  to name of
                                          holder as specified on the face of the
                                          Warrant)

                                          _____________________________________
                                          (Address)

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                                                                       Exhibit B

                         FORM OF TRANSFEROR ENDORSEMENT
                   (To be signed only on transfer of Warrant)

     For value received,  the undersigned hereby sells,  assigns,  and transfers
unto the  person(s)  named  below  under  the  heading  "Transferees"  the right
represented  by the within  Warrant to  purchase  the  percentage  and number of
shares of Common  Stock of Relocate  411.com,  Inc. to which the within  Warrant
relates  specified  under the  headings  "Percentage  Transferred"  and  "Number
Transferred," respectively,  opposite the name(s) of such person(s) and appoints
each such  person  Attorney  to transfer  its  respective  right on the books of
Relocate 411.com, Inc. with full power of substitution in the premises.

=========================== =========================== ========================
                            Percentage                   Number
Transferees                 Transferred                  Transferred
--------------------------- --------------------------- ------------------------

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

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

=========================== =========================== ========================

Dated: ________________, 19  ___   _______________________________
                                   (Signature must conform to name
                                   of holder as specified on the
                                   face of the warrant)

Signed in the presence of:

________________________________   ________________________________
            (Name)                            (address)

                                   ________________________________
ACCEPTED AND AGREED:                          (address)
[TRANSFEREE]

________________________________
            (Name)

                                       9Exhibit 4.3

                              RELOCATE411.COM, INC.

                             2000 STOCK OPTION PLAN

SECTION 1.  PURPOSE

     The purpose of the 2000 Stock Option Plan of  Relocate411.com,  Inc., a New
York  corporation (the "Company") is to promote the interests of the Company and
its  stockholders  by providing its officers and employees  with an incentive to
continue  service  with the  Company.  Accordingly,  the  Company  may  grant to
selected officers and employees Stock Options and/or Stock  Appreciation  Rights
in an effort to attract and retain in its employ  qualified  individuals  and to
provide such  individuals  with  incentives  to devote their best efforts to the
Company through  ownership of the Company's  stock,  thus enhancing the value of
the Company for the benefit of stockholders.

SECTION 2.  DEFINITIONS

     (A).  "Agreement" shall mean a written agreement setting forth the terms of
an Award, in substantially  the form of Exhibit "A" attached hereto for an Award
of Non-Qualified  Stock Options,  and in  substantially  the form of Exhibit "B"
attached hereto for an Award of Incentive Stock Options.

     (B).  "Award" shall mean an Option or a Stock  Appreciation  Right, in each
case granted under this Plan.

     (C).  "Beneficiary"  shall  mean  the  person,  persons,  trust  or  trusts
designated  by an  Employee  or if no  designation  has been made,  the  person,
persons,  trust  or  trusts  entitled  by  will  or  the  laws  of  descent  and
distribution  to receive the benefits  specified under this Plan in the event of
an Employee's death.

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

     (E).  "Change in Control" shall be deemed to occur (1) upon the approval by
the Board (or if approval of the Board is not  required as a matter of law,  the
stockholders of the Company) of (a) any  consolidation  or merger of the Company
in which the Company is not the continuing or surviving  corporation or pursuant
to which  shares of Common  Stock would be converted  into cash,  securities  or
other  property,  other  than a merger in which  the  holders  of  Common  Stock
immediately  prior to the merger will have the same  proportionate  ownership of
Common Stock of the surviving corporation  immediately after the merger, (b) any
sale,  lease,  exchange,  or other  transfer (in one  transaction or a series of
related  transaction) of all or substantially all the assets of the Company,  or
(c) adoption of any plan or proposal for the  liquidation  or dissolution of the
Company,  (2) when any  "person"  (as defined in Section  13(d) of the  Exchange
Act), other than

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the Company or any  Subsidiary or employee  benefit plan or trust  maintained by
the Company, shall become the "beneficial owner" (as defined in Rule 13d-3 under
the Exchange  Act),  directly or  indirectly,  of more than 60% of the Company's
Common Stock  outstanding at the time,  without the prior approval of the Board,
or (3) at any time during a period of two consecutive years,  individuals who at
the beginning of such period constituted the Board shall cease for any reason to
constitute at least a majority  thereof,  unless the election or the  nomination
for election by the  Company's  stockholders  of each new  director  during such
two-year  period was approved by a vote of at least  two-thirds of the directors
then  still in office  who were  directors  at the  beginning  of such  two-year
period.

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

     (G).  "Committee"  shall mean either (i) the Stock Option  Committee of the
Board, as from time to time constituted, or any successor committee of the Board
with similar functions, which shall consist of two or more members, each of whom
shall be  Disinterested,  or (ii) if no such Stock Option  Committee  shall have
been  designated  by the Board,  the entire  Board  provided  that to the extent
required by Section  16(b) of the Exchange Act and Rule 16b-3 of the  Securities
and Exchange Commission  thereunder,  with respect to specific grants of Options
(including  Reload  Options)  or Stock  Appreciation  Rights  this Plan shall be
administered by an administrator or administrators who are Disinterested.

     (H).  "Common  Stock" shall mean the Common  Stock of the  Company,  no par
value, subject to adjustment pursuant to Section 10 herein.

     (I). "Company" shall mean, collectively, the Company and its Subsidiaries.

     (J).  "Disinterested"  shall  mean  disinterested  within  the  meaning  of
applicable   regulatory   requirements,   including  those  promulgated  by  the
Securities and Exchange Commission under Section 16 of the Exchange Act.

     (K).  "Employee"  shall mean an officer or employee of the Company  holding
the title of President,  Chief Executive Officer,  Chief Operating Officer, Vice
President, Executive Vice President, Senior Vice President, Secretary, Assistant
Secretary, Treasurer or Assistant Treasurer, either alone or in combination with
other titles.

     (L).  "Exchange Act" shall mean the Securities and Exchange Act of 1934, as
amended and  applicable  rules and  regulations  of the  Securities and Exchange
Commission promulgated thereunder.

     (M).  "Exercise  Price"  shall mean,  with  respect of each share of Common
Stock subject to (i) an Option (other than a Reload Option),  the price fixed by
the Committee at which such shares may be purchased from the Company pursuant to
the exercise of such Option, which price at no time may be less than 100% of the
Fair Market  Value of the Common Stock on the date the Option is granted or (ii)
a Reload  Option,  the price of which is as fixed  pursuant to Section 6 of this
Plan.

                                       2
<PAGE>

     (N).  "Fair  Market  Value"  shall  be (i) the  value  of one  share of the
Company's Common Stock as determined by the appraisal or valuation procedure set
forth in any  stockholders' or buy-sell  agreement to which the stockholder with
respect  to whom the value is to be  determined  is a party,  or (ii) if no such
stockholders'  or  buy-sell  agreement  is in force or effect,  the value of one
share of the Company's  Common Stock as determined by the Company's  independent
certified public accountants, or (iii) if at any time the Company's Common Stock
is publicly  traded,  (a) the mean  between  the high bid and low asked  trading
prices of the Company's Common Stock as reported in the "pink sheets"  published
by the National  Quotation Bureau,  Inc. or (B) if the Common Stock is no longer
reported in the "pink  sheets," the mean between the high and low sales price of
the Common Stock as reported on the National  Association of Securities  Dealers
Automated Quotation System ("NASDAQ"), as applicable, or (C) if the Common Stock
is no longer  reported on NASDAQ,  the mean between the high and low sales price
of the Common  Stock as reported  on an  exchange  on which the Common  Stock is
trading,  or (D) if  there  is no  trading  of the  Common  Stock on the date in
question,  then the closing  price of the Common Stock,  as so reported,  on the
next preceding date on which there was trading of the Common Stock.

     (O).  "Incentive  Stock  Option"  or "ISO"  shall  mean an  Option  that is
intended by the Committee to meet the requirements of Section 422 of the Code or
any successor provision.

     (P).  "Nonqualified  Stock  Option" or "NQSO" shall mean an Option  granted
pursuant to this Plan which does not qualify as an Incentive Stock Option.

     (Q).  "Option" shall mean the right to purchase  Common Stock at a price to
be  specified  and upon terms to be  designated  by the  Committee  or otherwise
determined pursuant to this Plan. An Option shall be designated by the Committee
as a Nonqualified Stock Option or an Incentive Stock Option.

     (R). "Original Option" shall mean an option as defined in subsection (D) of
Section 6 of this Plan.

     (S). "Personal  Representative"  shall mean the person or persons who, upon
the disability or incompetence of an Employee,  shall have acquired on behalf of
the Employee by legal  proceeding or otherwise the right to receive the benefits
specified in this Plan.

     (T). "Plan" shall mean the Company's 2000 Stock Option Plan.

     (U).  "Reload  Option" shall mean an option granted  pursuant to Subsection
(D) of Section 6 of this Plan.

     (V). "Retirement" shall mean retirement of an Employee in the employ of the
Company at any time.

     (W). "Section 16(b) Optionee" shall mean an Employee or former Employee who
is subject to Section 16(b) of the Exchange Act.

                                       3
<PAGE>

     (X). "Stock Appreciation Right" or "SAR" shall mean the right of the holder
to elect to surrender an Option or any portion thereof which is then exercisable
and receive in exchange  thereof shares of Common Stock,  cash, or a combination
thereof,  as the case may be, with an aggregate value equal to the excess of the
Fair Market Value of one share of Common Stock over the Exercise Price specified
in such Option,  multiplied  by the number of shares of Common Stock  covered by
such  Option or  portion  thereof  which is so  surrendered.  An SAR may only be
granted  concurrently  with the  grant of the  related  Option.  An SAR shall be
exercised upon such additional  terms and conditions as may be determined by the
Committee under this Plan.

     (Y). "Subsidiary" shall mean any present or future subsidiary corporations,
as defined in Section 424 of the Code, of the Company.

     (Z).  "Tax  Date"  shall  mean  the date if any on  which  withholding  tax
obligations arise with respect to the exercise of an Award.

SECTION 3.  STOCK SUBJECT TO THE PLAN

     There will be reserved  for  issuance  under the Plan (upon the exercise of
Options and Stock Appreciation  Rights), an aggregate of 5,100,000 shares of the
Company's  Common Stock.  Such shares shall be authorized but unissued shares of
Common  Stock.  Except as provided  in Section 7 herein,  if any Award under the
Plan shall expire or terminate for any reason  without  having been exercised in
full, or if any Award shall be forfeited,  the shares subject to the unexercised
or forfeited  portion of such Award shall again be available for the purposes of
this Plan.  Any shares of Common Stock  received by an Employee upon an exercise
of  Options  or Stock  Appreciation  Rights  hereunder  shall be  subject to the
provisions of any  stockholders' or buy-sell  agreement then in effect among the
holders of the Company's Common Stock.

SECTION 4.  ADMINISTRATION

     This Plan shall be  administered  by the  Committee.  No person who is (or,
within one year prior to his or her  appointment  as a member of the  Committee,
was) eligible to  participate in the Plan, or in any other stock option or stock
bonus plan of the Company, shall be a member of the Committee.

     In addition  to any  implied  powers and duties that may be needed to carry
out the provisions of the Plan,  the Committee  shall have all the powers vested
in it by the terms of the Plan,  including  exclusive  authority  to select  the
Employees to be granted  Awards under the Plan, to determine the type,  size and
terms of the Awards to be made to each Employee selected,  to determine the time
when  Awards  will be  granted,  and to  prescribe  the  form of the  Agreements
embodying  Awards made under the Plan.  The  Committee  shall be  authorized  to
interpret the Plan and the Awards  granted  under the Plan, to establish,  amend
and rescind any rules and  regulations  relating to the Plan,  to make any other
determination which it believes necessary or advisable for the administration of
the Plan,  and to correct any defect or supply any  omissions or  reconcile  any
inconsistency  in the Plan or in any Award in the  manner  and to the extent the
Committee  deems  necessary or  desirable.  Any decision of the Committee in the
administration of the Plan, as described herein, shall be final and conclusive.

                                       4
<PAGE>

     The Committee may act only by a majority of its members.  Any determination
of the  Committee  may be made,  without  notice,  by the  written  consent of a
majority  of the  members of the  Committee.  In  addition,  the  Committee  may
authorize  any one of their  number or any officer of the Company to execute and
deliver  documents on behalf of the Committee.  No member of the Committee shall
be liable  for any  action  taken or omitted to be taken by him or her or by any
other member of the Committee in connection with the Plan, except for his or her
own willful misconduct or as expressly provided by statute.

SECTION 5.  ELIGIBILITY

     Awards   may  only  be   granted   to   individuals   who  are   Employees.
Notwithstanding the foregoing,  (a) Incentive Stock Options shall not be granted
to any owner of 10% or more of the total  combined  voting  power of the Company
and its Subsidiaries (a "10% Owner"),  provided that Incentive Stock Options may
be granted to a 10% Owner if (i) the Exercise Price of each such Option is equal
to 110% of the Fair Market  Value of the  Company's  Common Stock on the date of
grant and (ii) such Options expire or terminate on the fifth  anniversary of the
date of grant,  and (b) the aggregate  Fair Market Value of Common Stock subject
to an Incentive  Stock Option  granted to an Employee in any calendar year shall
not exceed $100,000.

SECTION 6.  STOCK OPTIONS

     A. Designation and Price.

     (a). Any Option granted under the Plan may be granted as an Incentive Stock
Option or as a Nonqualified Stock Option as shall be designated by the Committee
at the time of the grant of such  Option.  Each Option  shall be evidenced by an
Agreement  between the recipient and the Company,  which Agreement shall specify
the designation of the Option as an ISO or a NQSO, as the case may be, and shall
contain such terms and conditions as the Committee, in its sole discretion,  may
determine in accordance with the Plan.

     (b). Every Incentive Stock Option shall provide for a fixed expiration date
of not  later  than ten  years  from the date  such  Incentive  Stock  Option is
granted.

     (c).  The Exercise  Price of Common  Stock  issued  pursuant to each Option
(other than a Reload  Option) shall be fixed by the Committee at the time of the
granting of the Option; provided,  however, that such Exercise Price shall in no
event be less than 100% of the Fair Market Value of the Common Stock on the date
such Option is granted.

     B. Exercise.

     The Committee may, in its discretion, provide for Options granted under the
Plan to be exercisable in whole or in part;  provided;  however,  that no Option
(other than a Reload Option) shall be exercisable prior to the first anniversary
of the date of its  grant,  except  as  provided  in  Section 8 herein or as the
Committee  otherwise  determines in accordance with the Plan, and in no case may
an Option be  exercised  at any time for fewer than  1,000  shares (or the

                                       5
<PAGE>

total remaining  shares covered by the Option if fewer than 1,000 shares) during
the term of the  Option.  The  specified  number of shares  will be issued  upon
receipt by the Company of (i) notice from the optionee of exercise of an Option,
and (ii) either payment to the Company (as provided in Section 6, subsection (C)
below), of the Exercise Price for the number of shares with respect to which the
Option is exercised,  or with approval of the  Committee,  a secured  promissory
note as hereinafter provided. Each such notice and payment shall be delivered or
mailed by  post-paid  mail,  addressed  to the  Treasurer  of the Company at the
Company's  principal  office,  or such other place as the Company may  designate
from time to time.  Separate stock  certificates  shall be issued by the Company
for those  shares  acquired  pursuant  to the  exercise  of an ISO and for those
shares acquired pursuant to a NQSO.

     C. Payment for Shares.

     Except as otherwise  provided in this Section 6, the Exercise Price for the
Common Stock shall be paid in full when the Option is exercised. Subject to such
rules as the Committee may impose,  and subject to the federal  income tax laws,
rules and regulations relating to Incentive Stock Options (the "ISO Rules"), the
Exercise Price may be paid in whole or in part in (i) cash, (ii) whole shares of
Common  Stock  owned by the  Employee  six  months or longer  and  evidenced  by
negotiable  certificates,  valued  at  their  Fair  Market  Value on the date of
exercise,  (iii) by a combination of such methods of payment, or (iv) such other
consideration  as shall  constitute  lawful  consideration  for the  issuance of
Common Stock and be approved by the  Committee  (including  without  limitation,
assurance  satisfactory  to the  Committee  from a broker  registered  under the
Exchange Act, of the delivery to the Company of the proceeds of an imminent sale
of stock to be issued  pursuant to the exercise of such Option,  such sale to be
made at the direction of the Employee).  If certificates  representing shares of
Common  Stock are used to pay all or part of the  Exercise  Price of an  Option,
separate  certificates  shall be delivered by the Company  representing the same
number of shares as each certificate so used and an additional certificate shall
be  delivered  representing  any  additional  shares  to which the  Employee  is
entitled as a result of exercise of the Option.  Moreover, if so provided in the
Agreement, and subject to the ISO Rules and such additional restrictions,  terms
and conditions as the Committee may impose,  an Employee may request the Company
to "pyramid" his or her shares; that is, to automatically apply the shares which
he or she is  entitled  to receive on the  exercise of a portion of an Option to
satisfy the exercise for  additional  portions of the Option,  thus resulting in
multiple simultaneous  exercises of an Option by use of whole shares as payment.
The Committee may, in its  discretion,  authorize  payment of all or any part of
the  Exercise  Price over a period of not more than five years from the date the
Option is exercised.  In such instance any unpaid  balance of the Exercise Price
shall be evidenced by the Employee's promissory note payable to the order of the
Company  which shall be secured by such  collateral  and shall bear  interest at
such rate or rates as determined from time to time by the Committee.

     D. Reload Options.

     The Committee shall have the authority to specify at the time of grant that
an Employee  shall be granted  another  Stock Option (a "Reload  Option") in the
event  such  Employee  exercises  all or part of a Stock  Option  (an  "Original
Option") by surrendering in accordance with Section 6, subsection (C) previously
owned  shares of Common Stock in full or partial  payment

                                       6
<PAGE>

of the Exercise Price under such Original Option, subject to the availability of
shares  of Common  Stock  under the Plan at the time of  exercise.  Each  Reload
Option shall  entitle the Employee to receive upon  exercise in full a number of
shares of Common Stock equal to the number of shares of Common Stock surrendered
in payment of the  Exercise  Price,  shall have an  Exercise  Price per share of
Common  Stock equal to the Fair Market  Value of the Common Stock on the date of
grant of such Reload  Option and shall expire on the stated  expiration  date of
the Original  Option.  A Reload Option shall be exercisable at any time and from
time to time from and after the date of grant of such Reload  Option (or, as the
Committee, in its sole discretion, shall determine at the time of grant, at such
time or times as shall be specified in the Reload  Option);  provided,  however,
that  a  Reload  Option  granted  to a  Section  16(b)  Optionee  shall  not  be
exercisable  during the first six months  from the date of grant of such  Reload
Option.  The first such Reload Option may provide for the grant, when exercised,
of  one  subsequent  Reload  Option  to the  extent  and  upon  such  terms  and
conditions, consistent with this Section 6, subsection (D), as the Committee, in
its sole discretion,  shall specify at or after the time of grant of such Reload
Option.  The term of each Reload Option shall be equal to the remaining  term of
the  underlying  Option.  Upon the  exercise of an  underlying  Option or Reload
Option,  the Reload  Option will be evidenced by an amendment to the  underlying
Agreement.  No  additional  Reload  Options  shall be granted to Employees  when
Options and/or Reload  Options are exercised  pursuant to the terms of this Plan
following  termination  of the Employee's  employment  for any reason.  A Reload
Option  shall  contain  such other  terms and  conditions  (which may  include a
restriction  on the  transferability  of the  number of  shares of Common  Stock
received  upon  exercise of the  Original  Option  reduced by a number of shares
equal in value to the tax liability incurred upon exercise) as the Committee, in
its sole  discretion,  may deem  desirable  and are set  forth in the  Agreement
evidencing  the  Reload  Option.  Notwithstanding  the fact that the  underlying
Option may be an  Incentive  Stock  Option,  a Reload  Option is not intended to
qualify as an Incentive Stock Option.

     E. Restrictions on Transfer of Shares.

     Each  Employee who receives an Award of Incentive  Stock Options under this
Plan  shall  be  prohibited   from  the  sale,   exchange,   transfer,   pledge,
hypothecation,  gift or other disposition of the shares of Common Stock received
upon  exercise of any such Option until the later of two (2) years from the date
of the granting of such  Incentive  Stock Option to the Employee or one (1) year
from the date such shares of Common Stock were  transferred to the Employee upon
exercise;  unless  the  Employee  shall  deliver to the  Committee  an option of
counsel  reasonably  satisfactory  to the  Committee  that such sale,  exchange,
transfer,   pledge,   hypothecation,   gift  or  other   disposition  is  not  a
"disqualifying disposition" by virtue of Section 424(c) of the Code.

SECTION 7.  STOCK APPRECIATION RIGHTS

     The  Committee  may  grant  Stock  Appreciation   Rights  pursuant  to  the
provisions of this Section 7 to any holder of any Option  (including  any Reload
Option)  granted  under the Plan with  respect to all or a portion of the shares
subject to such Option.  An SAR may only be granted  concurrently with the grant
of the related  Option.  Subject to the terms and  provisions of this Section 7,
(i) each SAR shall be transferable  only at the same time and to the same extent
the

                                       7
<PAGE>

related Options are transferable, (ii) each SAR shall be exercisable only at the
same time and to the same extent the  related  Option is  exercisable  and in no
event after the  termination  of the related  Option,  and (iii) an SAR shall be
exercisable  only  when  the Fair  Market  Value  (determined  as of the date of
exercise of the SAR) of each share of Common Stock with respect to which the SAR
is to be exercised  shall  exceed the  Exercise  Price per share of Common Stock
subject  to  the  related  Option.  An SAR  granted  under  the  Plan  shall  be
exercisable  in whole or in part by notice to the  Company.  Such  notice  shall
state that the holder of the SAR  elects to  exercise  the SAR and the number of
shares in  respect of which the SAR is being  exercised.  For  purposes  of this
Section  7, the date of  exercise  of an SAR  shall  mean the date on which  the
Company receives such notice.

     The  exercise  of any Option  shall  cancel  that  number of related  Stock
Appreciation  Rights  which is equal to the  number of  shares  of Common  Stock
purchased pursuant to said Option.

     Subject to the terms and provisions of this Section 7, upon the exercise of
an SAR,  the  holder  thereof  shall be  entitled  to receive  from the  Company
consideration (in the form hereinafter provided) equal in value to the excess of
the Fair Market Value (determined as of the date of exercise of the SAR) of each
share of Common Stock with respect to which such SAR has been exercised over the
Exercise  Price per share of Common  Stock  subject to the related  Option.  The
Committee may stipulate in the Agreement the form of  consideration  which shall
be received by such holder,  which shall be in shares of Common Stock (valued at
Fair Market Value on the date of exercise of the SAR),  or in cash, or partly in
cash and  partly in  shares  of  Common  Stock,  as the  holder  shall  request;
provided,  however, that the Committee,  in its sole discretion,  may disapprove
the form of  consideration  requested and instead  authorize the payment of such
consideration  in shares of Common Stock (valued as  aforesaid),  or in cash, or
partly in cash, or partly in shares of Common Stock.

     Upon the exercise of an SAR, the related  Option shall be deemed  exercised
to the extent of the number of shares of Common Stock with respect to which such
SAR is exercised and to that extent a  corresponding  number of shares of Common
Stock shall not again be available for the grant of Awards under the Plan.  Upon
the exercise or termination of the Related Option,  the SAR with respect thereto
shall be  considered  to have been  exercised or terminated to the extent of the
number of shares of Common Stock with respect to which the related Option was so
exercised or terminated.

SECTION 8.  CONTINUED EMPLOYMENT AND AGREEMENT TO SERVE

     (a) Subject to the  provisions  of  paragraph  (e) of this Section 8, every
Option  (other than a Reload  Option) and SAR shall  provide  that it may not be
exercised  in  whole  or in part for a  period  of one  year  after  the date of
granting such Option and, if the employment of the Employee shall  terminate for
any reason other than death or disability as determined by the Committee,  prior
to the end of such one year  period or with  respect to any Reload  Option  such
other  period as may be  specified  by the  Committee  within  which such Reload
Option  may  not be  exercised,  the  Option  granted  to  such  Employee  shall
immediately terminate.

                                       8
<PAGE>

     (b) Every  Option shall  provide that in the event the Employee  dies while
employed by the Company,  during the one-year period of disability  described in
paragraph  (c) of this  Section 8, or within  three  months  after  cessation of
employment for any reason, such Option shall be exercisable, at any time or from
time to time  prior  to the  fixed  termination  date set  forth in the  related
Agreement,  by the  Beneficiaries of the decedent for the number of shares which
the  Employee  could have  acquired  under the Option  immediately  prior to the
Employee's death.

     (c) Every Option  shall  provide  that in the event the  employment  of any
Employee  shall  cease by reason of total and  permanent  disability  within the
meaning of Section  22(e)(3) of the Code,  as determined by the Committee at any
time during the term of the Option,  such Option  shall be  exercisable,  at any
time or from  time to time by such  Employee,  during  a  period  of one year of
continuing  disability  following  termination  of  employment by reason of such
disability for the number of shares which the Employee could have acquired under
the Option  immediately prior to the Employee's total and permanent  disability.
The one-year  period  following  such  termination  of  employment  during which
Options may be  exercisable  may be extended at the discretion of the Committee;
provided, however, that no Option may be exercisable after the fixed termination
date set forth in the related  Agreement.  The determination by the Committee of
any question involving disability shall be conclusive and binding.

     (d) Except as provided in paragraphs  (a), (b), (c) and (e) of this Section
8, every Option shall provide that it shall terminate on the earlier to occur of
the  fixed  termination  date set  forth in the  Option  or three  months  after
cessation of the Employee's employment for any reason except (i) Retirement,  in
which event the Option shall be  exercisable  for a period of three months after
such Retirement date, which three-month period may be extended at the discretion
of the Committee in the case of Non-Qualified  Stock Options or (ii) termination
of the  Employee's  employment  by the  Company  for  "cause," as defined by the
Committee  from time to time or in any  employment  agreement an Employee  might
have with the Company, in which case the Option shall terminate immediately upon
such  termination  of  Employee's  employment  by the  Company.  If an Option is
exercised after cessation of employment or Retirement,  it may be exercised only
in respect of the number of shares which the Employee  could have acquired under
the Option  immediately  prior to such  cessation of employment  or  Retirement;
provided,  however,  that no Option may be exercised after the fixed termination
date set forth in the Option.

     (e)  Notwithstanding  any provision of this Section 8 to the contrary,  any
Award granted pursuant to the Plan may, in the discretion of the Committee or as
provided in the relevant Agreement, become exercisable, at any time or from time
to time, prior to the fixed termination date set forth in the Award for the full
number of awarded shares or any part thereof, less such numbers as may have been
theretofore  acquired  under the Award (i) from and after the time the  Employee
ceases  to be an  employee  of the  Company  as a  result  of the  sale or other
disposition  by the  Company  of assets  or  property  (including  shares of any
Subsidiary) in respect of which such Employee had  theretofore  been employed or
as a result of which such Employee's continued employment with the Company is no
longer required, and (ii) in the case of a Change in Control, from and after the
date of such Change in Control.

     (f) Each  Employee  granted an Award  under this Plan shall agree by his or
her  acceptance  of such  Award to remain in the  service of the  Company  for a
period of at least one

                                       9
<PAGE>

year from the date of the Agreement respecting the Award between the Company and
the Employee.  Such service shall,  subject to the terms of any contract between
the Company  and such  Employee,  be at the  pleasure of the Company and at such
compensation  as the  Company  shall  reasonably  determine  from  time to time.
Nothing in the Plan, or in any Award granted  pursuant to the Plan, shall confer
on any  individual  any right to continue in the employment of or service to the
Company or interfere  in any way with the right of the Company to terminate  the
Employee's employment at any time.

     (g) Subject to the  limitations  set forth in Section 422 of the Code,  the
Committee may adopt,  amend,  or rescind from time to time such provisions as it
deems  appropriate  with respect to the effect of leaves of absence  approved by
any duly  authorized  officer  of the  Company  with  respect  to any  Employee,
provided that any Incentive  Stock Options  granted  pursuant to this Plan shall
terminate on the ninetieth  (90th) day of any such leave of absence  unless such
Employee's re-employment rights are guaranteed by law or by contract.

SECTION 9.  WITHHOLDING TAXES

     Federal, state or local law may require the withholding of taxes applicable
to gains resulting from the exercise of an Award. Unless otherwise prohibited by
the Committee,  each Employee may satisfy any such tax withholding obligation by
any of the  following  means,  or by a  combination  of such  means:  (i) a cash
payment,  (ii)  authorizing  the Company to  withhold  from the shares of Common
Stock otherwise  issuable to the Employee pursuant to the exercise or vesting of
an Award a number  of shares  having a Fair  Market  Value,  as of the Tax Date,
which will satisfy the amount of the  withholding  tax  obligation,  or (iii) by
delivery  to the  Company  of a number of shares of Common  Stock  having a Fair
Market  Value,  as of the  Tax  Date,  which  will  satisfy  the  amount  of the
withholding  tax obligation  arising from an exercise or vesting of an Award. An
Employee's election to pay the withholding tax obligation by (ii) or (iii) above
must be made on or before the Tax Date, is irrevocable, is subject to such rules
as the Committee may adopt,  and may be  disapproved  by the  Committee.  If the
amount  requested is not paid,  the  Committee  may refuse to issue Common Stock
under the Plan.

SECTION 10.  ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

     In the event of any change in the  outstanding  Common Stock of the Company
by  reason  of  any  stock  split,  stock  dividend,  recapitalization,  merger,
consolidation,  reorganization,  combination,  or exchange of shares,  split-up,
split-off, spin-off,  liquidation or other similar change in capitalization,  or
any distribution to common stockholders other than cash dividends, the number or
kind of shares  that may be issued  under the Plan  pursuant to Section 3 herein
and the number or kind of shares  subject  to, or the price per share  under any
outstanding  Award shall be  automatically  adjusted  so that the  proportionate
interest of the Employee  shall be maintained  as before the  occurrence of such
event.  Such adjustment  shall be conclusive and binding for all purposes of the
Plan.

                                       10
<PAGE>

SECTION 11.  AMENDMENTS AND TERMINATION

     Unless the Plan shall have been  terminated as  hereinafter  provided,  the
Plan shall  terminate on, and no Award (other than Reload Options  automatically
granted    pursuant   to   Section   6   herein)    shall   be   granted   after
____________________.  The Plan may be  terminated,  modified  or amended by the
stockholders  of the  Company.  The Board may at any time  terminate,  modify or
amend the Plan in such respects as it shall deem advisable;  provided,  however,
that the Board may not,  without  approval  by the  holders of a majority of the
outstanding  shares of Common Stock  present and voting at any annual or special
meeting of  stockholders  of the Company:  (i)  increase  (except as provided in
Section 10 herein) the maximum number of shares which may be issued  pursuant to
the Awards granted under the Plan, (ii) change the class of persons  eligible to
receive  Awards,  (iii) change the manner of  determining  the Exercise Price of
Options other than to change the manner of determining  the Fair Market Value of
the  Common  Stock as set forth in  Section 2 herein or (iv)  extend  the period
during which Awards may be granted or exercised.

SECTION 12.  MISCELLANEOUS PROVISIONS

     (a) No Employee or other person shall have any claim or right to be granted
an Award under the Plan.

     (b) An Employee's rights and interest under the Plan may not be assigned or
transferred  in whole or in part,  either  directly  or by  operation  of law or
otherwise  (except in the event of an Employee's  death,  by will or the laws of
descent and distribution),  including, but not by way of limitation,  execution,
levy, garnishment, attachment, pledge, bankruptcy or in any other manner, and no
such  right or  interest  of any  Employee  in the Plan  shall be subject to any
obligation  of  liability  of such  individual.  An Award shall be  exercisable,
during  an  Employee's  lifetime,  only  by him  or  her or his or her  Personal
Representative.  The  holder  of an Award  shall  have  none of the  rights of a
stockholder  until the shares of Common Stock  subject  thereto  shall have been
registered in the name of the person  receiving or person or persons  exercising
the Award on the transfer books of the Company.

     (c) No  Common  Stock  shall be issued  hereunder  unless  counsel  for the
Company  shall be  satisfied  that  such  issuance  will be in  compliance  with
applicable Federal, state, and other securities laws.

     (d) The expenses of the Plan shall be borne by the Company.

     (e) By accepting any Award under the Plan,  each Employee and each Personal
Representative  or  Beneficiary  claiming  under or through  him or her shall be
conclusively deemed to have indicated his or her acceptance and ratification of,
and consent to, any action taken under the Plan by the Company, the Board or the
Committee.

     (f) Awards  granted  under the Plan shall be binding upon the Company,  its
successors and assigns.

                                       11
<PAGE>

     (g) The  appropriate  officers of the  Company  shall cause to be filed any
reports,  returns, or other information regarding Awards hereunder or any Common
Stock  issued  pursuant  hereto as may be required by Section 13 or 15(d) of the
Exchange Act, or any other applicable statute, rule, or regulation.

     (h) Nothing  contained  in this Plan shall  prevent the Board of  Directors
from  adopting  other  or  additional  compensation  arrangements,   subject  to
stockholder approval if such approval is required.

     (i) Each Employee shall be deemed to have been granted an Award on the date
the Committee  took action to grant such Award under the Plan or such later date
as the Committee, in its sole discretion, shall determine at the time such grant
is authorized;  provided,  however, that a Reload Option shall be deemed to have
been granted on the date on which the Original Option is exercised or such later
date as the Committee, in its sole discretion, shall determine prior to the date
on which the  underlying  Reload  Option is  exercised or such later date as the
Committee,  in its sole  discretion,  shall determine prior to the date on which
such exercise occurs.

SECTION 13.  EFFECTIVENESS OF THE PLAN

     The Plan shall be  submitted to the  stockholders  of the Company for their
approval and adoption on or about January, 2000 or such other date fixed for the
next meeting of stockholders or any adjournments or postponements  thereof.  The
Plan shall not be  effective  and no Award  shall be made  hereunder  unless and
until the Plan has been so approved  and  adopted at a meeting of the  Company's
stockholders.

SECTION 14.  GOVERNING LAW

     The  provisions  of  this  Plan  shall  be  interpreted  and  construed  in
accordance with the laws of the State of New York.

                                       12

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