Document:

<PAGE>   1
                                                                   EXHIBIT 10.26

                         FINANCIAL CONSULTANT AGREEMENT

         This Agreement is made and entered into this 12 day of January, 1999,
by and between Chaparral Technologies, Inc. ("Chaparral"), 1951 S. Fordham St.,
Longmont, Colorado 80503, and Sentinel Consulting Corporation ("Sentinel"), with
its principal place of business located at
27068 La Paz (Box 631)
Aliso Viejo, CA 92656

                                    RECITALS

         WHEREAS, Sentinel has propose and presented itself as having experience
in providing advice concerning debt finance, equity finance and investment
banking; and Sentinel is willing to consult with Chaparral and render advice to
Chaparral to achieve financing for Chaparral; and

         WHEREAS, Chaparral desires to obtain such services from Sentinel on a
non-exclusive basis and understands and that Sentinel is not, or will not be,
overlapping or in conflict with other fund raising efforts on the part of
Chaparral, Chaparral agrees to provide compensation for such services to
Sentinel pursuant to the terms contained herein below.

1. Duties Of Consultant.

Chaparral hereby retains Sentinel to perform those duties delineated below and
Sentinel agrees to perform the following activities on behalf of the company:

Make recommendations to Chaparral's management regarding private and public
equity and debt financing, acquisitions, mergers and other similar business
combinations toward the objective of:

Negotiating with and presenting the best interest of Chaparral to the financial
community and investment banking institutions, or potential merger candidates,
as appropriate.

These specific objectives may be altered, modified or revised based on
Chaparral's needs or new developments.

2. Compensation Of Consultant.

The parties hereto acknowledge that Gerald Grayson and/or his company, Grayson &
Associates, Inc., may make a claim for some portion of, or all of, the
compensation as a result of any transaction initiated and consummated by
Sentinel. The parties hereto agree that it will be Sentinel's responsibility to
resolve any fee issues with Gerald Grayson and Grayson & Associates, Inc.
Chaparral shall be indemnified by Sentinel with respect to any disputes or
litigation. Any fees paid will be solely for performance. Specifically, cash and
warrants are due only in the event of a direct and exclusive relationship
provided to Chaparral by Sentinel. The maximum total compensation Chaparral will
be required to pay as a result of services provided by consultant will be, as
follows:

<PAGE>   2

Financial Consultant Agreement
Page 2

Six percent (6%) of gross proceeds to Chaparral of any financing transaction;
and

A warrant to purchase the number of shares of common stock of Chaparral
equivalent to ten percent (10%) of the common stock equivalent of shares issued
to the investors in the offering, exercisable at a price equal to the common
stock equivalent to the offering price.

All fees and other compensation due Sentinel herein shall be tendered within ten
(10) days of the closing of the applicable funding, merger or other transaction.
In the event of a disagreement related to Sentinel's fee, Chaparral and Sentinel
agree to be guided by Generally Accepted Accounting Principals.

3. Prior Relationships.

This Agreement will not apply to a candidate which Sentinel refers to Chaparral
if Chaparral is currently engaged with a proposed candidate in negotiations
prior to Sentinel's referral. Chaparral will notify Sentinel in writing within
five (5) days of any proposed introduction Sentinel makes to Chaparral with
which Chaparral is currently negotiating.

4. Confidentiality.

Sentinel acknowledges that is has entered into Mutual Nondisclosure Agreement
with Chaparral and that the terms of that agreement remain in full force and
effect. Sentinel will require any potential investors to also sign the Chaparral
Mutual Nondisclosure Agreement, which is to be controlled by Chaparral's
management and administration.

5. Non-Solicitation.

Sentinel agrees not to, directly or indirectly, solicit any of Chaparral's
clients for any other entity other than on behalf of Chaparral.

6. Non-Circumvention.

Chaparral agrees not to, directly or indirectly, circumvent Sentinel's clients
or potential clients or financing sources, whether Sentinel is or is not
actively engaged by Chaparral.

7. Mandatory Arbitration.

Any controversy or claim arising out of or relating to this Agreement, or the
breach thereof, shall be settled by arbitration in accordance with the
Commercial Arbitration Rules of the American Arbitration Association (or by a
mutually agreed upon arbitrator), and judgment upon the award

<PAGE>   3

Financial Consultant Agreement
Page 3

rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof. The prevailing party at the arbitration will be entitled to
reimbursement of fees and costs associated with said action including, but not
limited to, reasonable attorneys fees.

8. Term.

The initial term of this Agreement is for six (6) month period and may be
terminated or extended by either party upon fifteen (15) days advance written
notice to party prior to the expiration of this primary term. In the event of
extension, mutual agreement is required.

9. Indemnification by Sentinel.

Sentinel will indemnify and hold Chaparral and its directors, officers,
employees, and agents harmless from any and all claims arising from any dispute
with Gerald Grayson and/or Grayson & Associates may claim as a result of any
transaction initiated and consummated by Sentinel.

10. Indemnification by Chaparral.

Chaparral will indemnify and hold harmless Sentinel and its directors, officers,
Employees, and agents harmless from any and all claims arising from any dispute
concerning full disclosure of current company information that would be material
to current or potential investors.

11. Notice.

Any notice required hereunder shall be complete upon certified mailing to that
party at the address appearing herein, or at the address which shall be from
time to time be provided to the other party. The parties shall notify the other
of any alteration or change in address hereinafter occurring.

12. Counterparts.

This Agreement may be executed in multiple counterparts. Each executed
counterpart shall be considered an original, and taken together, shall
constitute one and the same document. Any signature, notice or other
communication with respect to the subject matter hereof may be given by telex,
telecopy or other facsimile transmission and relied upon the same extent as if
it were an original.

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Financial Consultant Agreement
Page 4

13. Severability.

If any provision, paragraph or subparagraph of this Agreement is adjudged by any
court or arbitrator to be void or unenforceable in whole or in part, this
adjudication shall not affect the validity of the remainder of this Agreement,
including any other provision, paragraph or subparagraph. Each provision,
paragraph or subparagraph of this Agreement is separable from every other
provision, paragraph and subparagraph and constitutes a separate and distinct
covenant.

14. Governing Law.

This Agreement shall be subject to and governed by the laws of the State of
Colorado.

15. Amendment.

This Agreement may only be amended in writing, duly endorsed by the parties
hereto.

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

                                        CHAPARRAL TECHNOLOGIES, INC.

                                        by: /s/ Douglas J. Lehrmann
                                           -------------------------------------

                                        SENTINEL CONSULTING CORPORATION

                                        by: /s/ Robert Harvey
                                           -------------------------------------<PAGE>   1
                                                                   EXHIBIT 10.27

[CHAPARRAL TECHNOLOGIES, INC. LOGO]

                        FOUNDER STOCK PURCHASE AGREEMENT

         THIS AGREEMENT is made as of (MonthDay), 1998, by and between
CHAPARRAL TECHNOLOGIES, Delaware corporation (the "Company"), and (Purchaser)
("Purchaser").

                                    RECITALS

         A. Purchaser is a founder of the Company; and

         B. The Company desires to issue and sell to Purchaser, and Purchaser
desires to acquire, Common Stock of the Company on the terms and conditions set
forth below.

         C. Purchaser understands that the opportunity to purchase Founders'
Stock is consideration given to each Founder for the prior services actually
rendered to the Company for no compensation during the founding of Company.

         NOW, THEREFORE, the parties, intending to be legally bound, hereby
agree as follows:

         1. Purchase and Sale of Common Stock.

                  (a) Purchase and Sale. Purchaser agrees that the opportunity
         to purchase Founders' Stock is consideration for Purchaser's efforts
         with no compensation during the founding and formation of the Company.
         Purchaser agrees that said consideration is sufficient for those
         founding efforts and that award of Founders' Stock extinguishes any
         claims or additional compensation for those founding efforts, other
         than as set forth in any existing agreement. Subject to the terms of
         this Agreement, Purchaser agrees to purchase from the Company, and the
         Company agrees to sell to Purchaser, (NoofShares) shares of the
         Company's Common Stock (the "Shares") for an aggregate purchase price
         of $One Tenth of One Cent (or $0.001) per share. Purchaser will pay the
         purchase price to the Company, by cash or check, at the closing.

                  (b) Closing. The closing of the purchase and sale of the
         Shares will occur at the offices of the Company within one week after
         the date of this Agreement. If the closing has not occurred by such
         date, this Agreement will be terminated and have no further force and
         effect.

         2. Repurchase Option re: Termination of Employment.

                  (a) In the event of termination of Purchaser's employment or
         consulting arrangement with the Company (the "Employment Arrangement")
         for cause, (referred to as the "Termination for Cause"), the Company
         shall, upon the date of such Termination (the "Termination Date"), have
         an irrevocable and exclusive option (the "Repurchase Option") to
         repurchase up to the total number of Purchaser's Unvested Shares at the
         Option Price, as defined below.

                  (b) Within sixty (60) days following Purchasers Termination
         for Cause, the Company shall notify

                                                                          Page 1

<PAGE>   2

         Purchaser as to whether it (or its assignee) wishes to purchase all or
         a portion of the Unvested Shares pursuant to the exercise of the
         Repurchase Option. If the Company (or its assignee) elects to purchase
         such Shares hereunder, it shall notify Purchaser, in writing, of its
         (or its assignee's) intention to purchase such Shares hereunder at the
         repurchase price per share set pursuant to Section 3.1(a), and either

                           (i) set a date and location for the closing of the
                  transaction not later than thirty (30) days from the date of
                  such notice, at which time the Company (or its assignee) shall
                  tender payment for the Shares, or

                           (ii) close the transaction by mail by including
                  payment for the Shares with the Company's notice to Purchaser.

                           Payment for the Shares may be in the form of cash,
                  the Company's check, a note by the Company (for a term of no
                  longer than eighteen months at an interest rate of eight
                  percent per year), or cancellation of all or a portion of
                  Purchaser's indebtedness to the Company, or any combination
                  thereof. At such closing, the certificate(s) representing the
                  Shares so purchased shall be delivered to the Company and
                  canceled (or the Shares transferred to the Company's assignee,
                  if applicable) or, the case of payment by the Company (or its
                  assignee) by mail, such certificate(s) shall be deemed
                  canceled (or the Shares transferred to the Company's assignee,
                  if applicable) as of the date of the mailing of the Company's
                  notice, and, thereafter, shall be promptly returned by
                  Purchaser to the Company by certified or registered mail.
                  Shares subject to the Repurchase Option as to which the
                  Company (or its assignee) has not exercised its Repurchase
                  Option within ninety (90) days following Purchaser's
                  Termination shall be released from the Repurchase Option.

                  (c) Certain Definitions. As used in this Agreement, the
         following terms have the following meanings:

                           (i)  Commencement Date:  (MonthDay), 1998.

                           (ii) "Cause" means (1) the negligent, grossly
                  negligent or willful failure by Purchaser to perform his
                  duties as an employee of the Company or his continued failure
                  to perform duties reasonably requested or reasonably
                  prescribed by the Board of Directors (other than as a result
                  of Purchaser's debt or disability), (2) the engaging by
                  Purchaser in conduct which is materially injurious to the
                  Company or any of its affiliates, (3) negligence, gross
                  negligence or willful misconduct by Purchaser in the
                  performance of his duties which results in, or causes, harm to
                  the Company or any of its affiliates, or (4) Purchaser's
                  commission of a felony or other offense involving moral
                  turpitude.

                  (d) Vested and Unvested Shares. Pursuant to the provisions set
         forth in this paragraph (d) if Purchaser ceases to be employed by the
         Company upon the Termination Date, each share of stock will be deemed
         to be either a share of "Vested Shares" or a share of "Unvested Shares"
         as follows:

                           (i) Founders Stock. The Company will have the right
                  of first refusal to purchase Founder's Stock as set forth in
                  Section 3 below.

                                                                          Page 2
<PAGE>   3

                           (ii) Voluntary Termination. If Purchaser ceases to be
                  employed by the Company as a result of Purchaser's voluntary
                  termination, then the percentage set forth in the table below
                  opposite the time period during which the Termination Date
                  occurred of each class of stock will be deemed to be Vested
                  Shares. All other stock will be deemed to be subject to the
                  Repurchase Option.

                           (iii) Termination for Cause. If Purchaser is no
                  longer employed by the Company as a result of Purchaser's
                  termination for Cause, then Purchaser's shares, except for the
                  initial 62% of Purchaser's shares which vested on the
                  Commencement Date, will be deemed to be "Unvested Shares" and
                  subject to the Repurchase Option. The shares which vested as
                  of the Commencement Date shall be subject to the right of
                  first refusal as set forth below in Section 3.

                           (iv) In the event the Company terminates an "at will"
                  employee Purchaser, then the Company has the right to
                  repurchase all unvested shares according to the table above.

                           (v) Notwithstanding anything in this agreement to the
                  contrary, upon an ownership change as defined in Section 6,
                  all of Purchaser's Founder's Stock will be deemed vested
                  shares and may be purchased at Fair Market Value as of the
                  date of the ownership change.

                        [SPACE INTENTIONALLY LEFT BLANK]

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------
                      DATE                           CUMULATIVE % OF
                                                      STOCK VESTED
-------------------------------------------------------------------------------
<S>                                                  <C>
               Commencement Date                           62%
-------------------------------------------------------------------------------
        December 1 to December 31, 1998                    64%
-------------------------------------------------------------------------------
         January 1 to January 31, 1999                     66%
-------------------------------------------------------------------------------
        February 1 to February 28, 1999                    68%
-------------------------------------------------------------------------------
           March 1 to March 31, 1999                       70%
-------------------------------------------------------------------------------
           April 1 to April 30, 1999                       72%
-------------------------------------------------------------------------------
             May 1 to May 31, 1999                         74%
-------------------------------------------------------------------------------
            June 1 to June 30, 1999                        76%
-------------------------------------------------------------------------------
            July 1 to July 31, 1999                        78%
-------------------------------------------------------------------------------
          August 1 to August 31, 1999                      80%
-------------------------------------------------------------------------------
       September 1 to September 30, 1999                   82%
-------------------------------------------------------------------------------
         October 1 to October 31, 1999                     84%
-------------------------------------------------------------------------------
        November 1 to November 30, 1999                    86%
-------------------------------------------------------------------------------
        December 1 to December 31, 1999                    88%
-------------------------------------------------------------------------------
         January 1 to January 31, 2000                     90%
-------------------------------------------------------------------------------
        February 1 to February 28, 2000                    92%
-------------------------------------------------------------------------------
           March 1 to March 31, 2000                       94%
-------------------------------------------------------------------------------
           April 1 to April 30, 2000                       96%
-------------------------------------------------------------------------------
             May 1 to May 31, 2000                         98%
-------------------------------------------------------------------------------
            June 1 to June 30, 2000                        100%
-------------------------------------------------------------------------------
</TABLE>

                                                                          Page 3
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                  (e) Exercise of Repurchase -Option. The Company may exercise
         the Repurchase Option by written notice (the "Exercise Notice")
         delivered to Purchaser or Purchaser's legal representative within sixty
         (60) days after the termination of Purchaser's service to the Company.
         If the Company fails to deliver the Exercise Notice within such sixty
         (60) day period, the Repurchase Option will terminate unless the
         Company and Purchaser have agreed in writing to extend the time for the
         exercise of the Unvested Share Purchase Option.

                  (f) Payment for Shares. The purchase price per Share
         repurchased by the Company under the Repurchase Option will be an
         amount equal to Purchaser's original purchase price per share, subject
         to adjustment pursuant to Section 9 hereof (the "Option Price").
         Payment by the Company to Purchaser will be made, by cash or check,
         within thirty (30) days after the date of the mailing of the Exercise
         Notice. For purposes of the foregoing, cancellation of any indebtedness
         of Purchaser to the Company will be treated as payment to Purchaser in
         cash to the extent of the unpaid principal and any accrued interest
         canceled.

                  (g) Ownership Change. In the event of an Ownership Change, as
         defined in Section 6 hereof, and notwithstanding anything in this
         agreement to the contrary, all of Purchaser's Founder's Stock will be
         deemed Vested Shares.

                  (h) Transfer of Unvested Shares. Purchaser will not sell,
         pledge or otherwise transfer any unvested Shares, or any interest
         therein, except pursuant to an exercise of the Unvested Share Purchase
         Option.

         3. Right of First Refusal.

                  (a) Right of First Refusal. In the event Purchaser proposes to
         sell, pledge, or otherwise transfer any Vested shares (the "Transfer
         Shares") to any person or entity, including, without limitation, any
         shareholder of the Company, the Company will have the right to
         repurchase the Transfer Shares under the terms and subject to the
         conditions set forth in this Section 3 (the "Right of First Refusal").
         For purposes of this Section 3, a change in record ownership of Shares
         will be deemed a transfer subject to the Right of First Refusal whether
         or not such change in record ownership results in a change in the
         beneficial ownership of such Shares.

                  (b) Notice of Proposed Transfer. Prior to any proposed
         transfer of Transfer Shares, Purchaser will give a written notice (the
         "Transfer Notice") to the Company describing fully the proposed
         transfer, including the number of Transfer Shares, the name and address
         of the proposed transferee (the "Proposed Transferee") and, if the
         transfer is voluntary, the proposed transfer price, and containing
         information necessary to show the bona fide nature of the proposed
         transfer. In the event of a bona fide gift or

                                                                          Page 4

<PAGE>   5

         involuntary transfer, the proposed transfer price will be deemed to be
         the Fair Market Value of the Transfer Shares as determined by the
         Company's Board of Directors as of the date of the Transfer Notice,
         subject to Section 5 hereof. In the event Purchaser proposes to
         transfer any Vested Shares to more than one Proposed Transferee,
         Purchaser will provide a separate Transfer Notice for the proposed
         transfer to each Proposed Transferee.

                  (c) Bona Fide Transfer. In the event that the Company
         determines that the information provided by Purchaser in the Transfer
         Notice is insufficient to establish the bona fide nature of a proposed
         voluntary transfer, the Company will give Purchaser written notice of
         Purchasers failure to comply with the procedure described in this
         Section 3 and Purchaser will have no right to transfer the Transfer
         Shares without first complying with the procedure described in this
         Section 3.

                  (d) Exercise of the Right of First Refusal. In the event the
         proposed transfer is determined by the Company to be bona fide, the
         Company will have the right to purchase all, but not less than all, of
         the Transfer Shares (except as the Company and Purchaser otherwise
         agree) at the purchase price and on the terms set forth in the Transfer
         Notice by delivery to Purchaser of a notice of exercise of the Right of
         First Refusal within thirty (30) days after the date the Transfer
         Notice is delivered to the Company. The Company's exercise or failure
         to exercise the Right of First Refusal with respect to any proposed
         transfer described in a Transfer Notice will not affect the Company's
         right to exercise the Right of First Refusal with respect to any
         proposed transfer described in any other Transfer Notice. If the
         Company exercises the Right of First Refusal, the Company and Purchaser
         will thereupon consummate the sale of the Transfer Shares to the
         Company on the terms set forth in the Transfer Notice within sixty (60)
         days after the date the Transfer Notice is delivered to the Company
         (unless a longer period is offered by the Proposed Transferee);
         provided, however, that in the event the Transfer Notice provides for
         the payment for the Transfer Shares other than in cash, the Company
         will have the option of paying for the Transfer Shares by the
         discounted cash equivalent of the consideration described in the
         Transfer Notice, as reasonably determined by the Company. For purposes
         of the foregoing, cancellation of any indebtedness of Purchaser to the
         Company will be treated as payment to Purchaser in cash to the extent
         of the unpaid principal and any accrued interest canceled.

                  (e) Failure to Exercise the Right of First Refusal. If the
         Company fails to exercise the Right of First Refusal in full within the
         period specified in Section 3(d), Purchaser may conclude a transfer to
         the Proposed Transferee of the Transfer Shares on the terms and
         conditions described in the Transfer Notice, provided such transfer
         occurs not later than ninety (90) days following delivery to the
         Company of the Transfer Notice. The Company will have the right to
         demand further assurances from Purchaser and the Proposed Transferee
         (in a form satisfactory to the Company) that the transfer of the
         Transfer Shares was actually carried out on the terms and conditions
         described in the Transfer Notice. No Transfer Shares will be
         transferred on the books of the Company until the Company has received
         such assurances, if so demanded. Any proposed transfer on terms and
         conditions different from those described in the Transfer Notice, as
         well as any subsequent proposed transfer by Purchaser, will again be
         subject to the Right of First Refusal and will require compliance by
         Purchaser with the procedure described in this Section 3.

                  (f) Transferees of the Transfer Shares. All transferees of the
         Transfer Shares or any interest therein, other than the company, will
         be required as a condition of such transfer to agree in writing (in a
         form satisfactory to the Company) that such transferee will receive and
         hold such Transfer Shares or interests

                                                                          Page 5

<PAGE>   6

         subject to the provisions of this Section 3 providing for the Right of
         First Refusal with respect to any subsequent transfer. Any sale or
         transfer of any Shares will be void unless the provisions of this
         Section 3 are complied with.

                  (g) Transfers Not Subject to the Right of First Refusal. The
         Right of First Refusal will not apply to any transfer of Vested Shares
         to Purchaser's estate, members of Purchaser's family or trusts for the
         benefit of Purchaser or any member of Purchaser's family, provided that
         in each case the proposed transferee agrees in writing (in a form
         satisfactory to the Company) that such transferee will receive and hold
         such Vested Shares subject to the provisions of this Section 3
         providing for the Right of First Refusal with respect to any subsequent
         transfer. Neither will the Right of First Refusal apply to any transfer
         or exchange of the Shares if such transfer or exchange is in connection
         with an Ownership Change, as defined in Section 6 hereof. If the
         consideration received pursuant to such transfer or exchange consists
         of securities, such securities will remain subject to the Right of
         First Refusal unless the provisions of Section 3(h) result in a
         termination of the Right of First Refusal.

                  (h) Early Termination of the Right of First Refusal. The other
         provisions of this Section 3 notwithstanding, the Right of First
         Refusal will terminate, and be of no further force and effect, upon

                           (i) the occurrence of a Transfer of Control, as
                  defined in Section 6 hereof, or

                           (ii) the existence of a public market for the class
                  of securities subject to the Right of First Refusal (including
                  any securities issued in exchange for any Shares). A "public
                  market" will be deemed to exist if such securities are (1)
                  listed on a national securities exchange (as that term is used
                  in the Securities Exchange Act of 1934, as amended [the
                  "Exchange Act"]) or (2) traded in the over- the-counter market
                  and prices therefor are published daily on business days in a
                  recognized financial journal.

         4. Spousal Consent. If Purchaser is married on the date of this
Agreement, Purchaser's spouse will execute a Consent of Spouse in the form of
Exhibit A hereto, effective on the date hereof. Such consent will not be deemed
to confer or convey to the spouse any rights in the Shares that do not otherwise
exist by operation of law or the agreement of the parties. If Purchaser should
marry or remarry subsequent to the date of this Agreement, Purchaser will within
thirty (30) days thereafter obtain his or her new spouse's acknowledgment of and
consent to the existence and binding effect of all restrictions contained in
this Agreement by signing an additional Consent of Spouse in the form of Exhibit
A. Failure to provide an additional Consent of Spouse will be treated as a
transfer of all of Purchaser's Shares to such spouse and trigger the Company's
Right of First Refusal under Section 3 above.

         5. Appraisal. In the case of the Company's exercise of its Right of
First Refusal pursuant to Section 3 hereof with respect to a bona fide gift or
involuntary transfer referred to therein, if Purchaser disagrees with the
valuation determined by the Company's Board of Directors, Purchaser may, by
giving written notice to the Company within ten (10) days after being informed
of such valuation, request that the value of the Shares at issue be determined
by an independent appraiser to be selected by the Company. The Company will
select an appraiser to determine the value of such Shares within fifteen (15)
days after the Company's actual receipt of Purchaser's notice disputing the
valuation set by the Company's Board of Directors. Such appraiser will be
subject to the approval of Purchaser, which approval will not be unreasonably
withheld or delayed. Purchaser's approval

                                                                          Page 6

<PAGE>   7

or refusal to approve the appraiser must be given before the appraiser announces
a valuation. The value of such Shares, as determined by the appraiser, will be
conclusively binding on all of the parties concerned.

The expenses of appraisal will be borne equally by the Company and Purchaser.
Any time required to resolve valuation dispute will be added to the time period
in which the Company may exercise its Right of First Refusal under Section 3
hereof.

         6. Ownership Change and Transfer of Control. An "Ownership Change" will
be deemed to have occurred if any of the following events occur with respect to
the Company:

                  (a) the direct or indirect sale or exchange by the
         shareholders of the Company of all or substantially all of the capital
         stock of the Company;

                  (b) a merger or consolidation in which the Company is a party;

                  (c) the sale, exchange, or transfer of all or substantially
         all of the assets of the Company (other than a sale, exchange, or
         transfer to one ore more subsidiary corporations [as defined in section
         424(f) of the Internal Revenue Code of 1986, as amended (the "Code")]
         of the Company) or

                  (d) a liquidation or dissolution of the Company.

                  A "Transfer of Control" shall mean an Ownership Change in
         which the shareholders of the Company immediately before such Ownership
         Change do not retain, directly or indirectly, at least a majority of
         the beneficial interest in the voting stock or securities of the
         Company or any successor entity thereto immediately after such
         transaction.

         7. At-Will Employment. Unless specifically provided in another written
agreement signed by Purchaser and an executive officer of the Company (or
another executive officer of the Company if Purchaser is executive officer of
the Company), any employment of Purchaser by the Company is not for any definite
period of time, is at- will, and may be terminated at any time, with or without
cause, by Purchaser or by the Company. Nothing in this Agreement is intended to
change the nature of any such employment relationship.

         8. Assignment of Rights. The Company may assign its rights under
Section 2 or 3 hereof at any time, whether or not any event has occurred which
permits the Company to exercise such rights, to one or more persons, including
shareholders of the Company, who will have the right to so exercise such rights
in his, her or their own names and for his, her or their own account. If the
exercise of any such right requires the consent of the Delaware Commissioner of
Corporations, the parties agree to cooperate in requesting such consent.

         9. Adjustment to Shares Subject to Company's Rights. If, from time to
time during the term of this Agreement, there is any stock dividend or
liquidating dividend of cash and/or property, stock split, reverse stock split,
recapitalization, reclassification or other similar change in the character or
amount of any of the outstanding securities of the Company, then, in such event
any and all new, substituted or additional securities or other property to which
Purchaser is entitled by reason of his or her ownership of the Shares will be
immediately subject to the provisions of this Agreement on the same basis as all
Shares originally purchased hereunder, and will be included in

                                                                          Page 7

<PAGE>   8

the word "Shares" for all purposes of this Agreement with the same force and
effect as the Shares presently subject to this Agreement. For purposes of
Sections 2 and 3 hereof, while the total price payable to exercise the rights
provided in such sections will remain the same after each such event, the price
payable per share to exercise such rights will be appropriately adjusted.

         10. Initial Public Offering. Purchaser hereby agrees that in the event
of an initial underwritten public offering of securities (an "IPO") made by the
Company pursuant to an effective registration statement filed under the
Securities Act of 1933, as amended (the "Securities Act"), Purchaser will not
offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase
or make any short sale of, or otherwise dispose of any securities of the Company
or any rights to acquire securities of the Company for such period of time from
and after the effective date of such registration statement as may be designated
by the managing underwriter(s) for the IPO; provided, however, that such period
of time will not exceed one hundred eighty (180) days from the effective date of
such registration statement. At the Company's request, Purchaser shall execute
and deliver to managing underwriter(s) an agreement, in customary form,
confirming Purchaser's obligations under this Section 10. The foregoing
restriction will not apply to securities registered in the IPO. Purchaser shall
be subject to the foregoing restriction only if all officers and directors of
the Company are also subject to similar arrangements.

         11. Legends. All certificates representing any Shares subject to the
provisions of this Agreement will the following legends:

                  (a) THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
         TRANSFER RESTRICTIONS IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT
         BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR HIS OR HER
         PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL
         OFFICE OF THE COMPANY.

                  (b) THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
         A RIGHT OF FIRST REFUSAL OPTION IN FAVOR OF THE COMPANY OR ITS ASSIGNEE
         SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED
         HOLDER, OR HIS OR HER PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON
         FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.

                  (c) THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
         SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN
         EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH
         SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701
         UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE
         HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY,
         STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT
         FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

                  (d) Any legend required under applicable state securities
         laws.

                                                                          Page 8

<PAGE>   9

         12. Purchaser Representations and Warranties. In connection with the
proposed purchase of the Shares, Purchaser hereby agrees, represents and
warrants as follows:

                  (a) Investment Intent. Purchaser is purchasing the Shares
         solely for Purchasers own account for investment and not with a view
         to, or for resale in connection with, any distribution thereof within
         the meaning of the Securities Act. Purchaser does not have any present
         intention of selling, offering to sell or otherwise disposing of or
         distributing the Shares or any portion thereof; and the entire legal
         and beneficial interest of the Shares Purchaser is acquiring is being
         purchased for, and will be held for the account of, Purchaser only and
         neither in whole nor in part for any other person.

                  (b) Information Concerning the Company. Purchaser 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 Shares. Purchaser further
         represents and warrants that Purchaser has discussed the Company and
         its plans, operations and financial condition with its officers, has
         received all such information as Purchaser deems necessary and
         appropriate to enable Purchaser to evaluate the financial risk inherent
         in making an investment in the Shares and has received satisfactory and
         complete information concerning the business and financial condition
         and prospects of the Company in response to all inquiries in respect
         thereof.

                  (c) Economic Risk. Purchaser realizes that the purchase of the
         Shares will be a highly speculative investment, and Purchaser is able,
         without impairing his or her financial condition, to hold the Shares
         for an indefinite period of time and to suffer a complete loss of
         Purchaser's investment in the Shares.

                  (d) Restricted Securities. Purchaser understands and
         acknowledges that:

                           (i) The sale of the Shares has not been registered
                  under the Securities Act, and the Shares must be held
                  indefinitely unless a transfer of the Shares is subsequently
                  registered under the Securities Act or an exemption from such
                  registration is available, and that the Company is under no
                  obligation to register the Shares; and

                           (ii) The Company will make a notation in its records
                  of the aforementioned restrictions on transfer and legends.

                  (e) Rule 144. Purchaser is aware of the provisions of Rule
         144, promulgated under the Securities Act, which, in substance, permit
         limited public resale of "restricted securities" acquired, directly or
         indirectly, from the issuer thereof (or an affiliate of such issuer),
         in a nonpublic offering subject to the satisfaction of certain
         conditions, including among other things: the resale occurring not less
         than one year from the date Purchaser has purchased and paid for the
         Shares; the availability of certain public information concerning the
         Company; the sale being made through a broker in an unsolicited
         "broker's transaction" or in a transaction directly with a market maker
         (as said term is defined under the Exchange Act); and that any sale of
         the Shares may be made by him or her only in limited amounts during any
         three-month period. Purchaser understands that at the time Purchaser
         wishes to sell the Shares there may be no public market upon which to
         make such a sale, and that, even if such a public market then exists,
         the Company may not then be satisfying the current public information
         requirements of Rule 144, and that, in such event, Purchaser would be
         precluded from selling the Shares under Rule 144 even if the one-year
         minimum holding period

                                                                          Page 9

<PAGE>   10

         has been satisfied. Purchaser understands that in the event all of the
         requirements of Rule 144 are not satisfied, registration under the
         Securities Act or compliance with another exemption from such
         registration will be required; and that, notwithstanding the fact that
         Rule 144 is not exclusive, the Staff of the SEC has expressed its
         opinion that persons proposing to sell restricted securities other than
         in a registered offering or pursuant to Rule 144 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.

                  (f) Further Limitations on Disposition. Purchaser further
         agrees that Purchaser will in no event make any disposition of all or
         any portion of the Shares unless:

                           (i) There is then in effect a registration statement
                  under the Securities Act covering such proposed disposition
                  and such disposition is made in accordance with said
                  registration statement; or

                           (ii) Purchaser has notified the Company of the
                  proposed disposition and furnished the Company with a detailed
                  statement of the circumstances surrounding the proposed
                  disposition, and Purchaser has furnished the Company with an
                  opinion of Purchaser's own counsel to the effect that such
                  disposition will not require registration of such shares under
                  the Securities Act, and such opinion of Purchaser's counsel
                  has been concurred in by counsel for the Company.

                  (g) Capacity to Protect Interests. Purchaser has (i) a
         preexisting personal or business relationship with the Company or one
         or more of its officers, directors, or controlling persons, consisting
         of personal or business contacts of a nature and duration to enable
         Purchaser to be aware of the character, business acumen and general
         business and financial circumstances of the person with whom such
         relationship exists, or (ii) such knowledge and experience in financial
         and business matters as to make Purchaser capable of evaluating the
         merits and risks of an investment in the Shares and to protect
         Purchaser's own interests in the transaction, or (iii) both such
         relationship and such knowledge and experience.

                  (h) No Qualification. Purchaser understands that the Shares
         have not been qualified under General Corporation Law. Purchaser
         understands that the Company is relying on Purchaser's representations
         and warrants that the Company is entitled to rely on such
         representations and that such reliance is reasonable.

         13. Escrow and Transfer Restrictions.

                  (a) Escrow. As security for Purchaser's faithful performance
         of the terms of this Agreement and to ensure the availability for
         delivery of Purchaser's Shares upon exercise of the Repurchase Option,
         Purchaser agrees to deliver to and deposit with the Company's legal
         counsel, Robert D. Baker, Attorney at Law (the "Escrow Agent"), as
         Escrow Agent, two originals of an Assignment Separate From Certificate
         duly endorsed (with date and number of shares blank) in the form
         attached hereto as Exhibit B, together with the certificate or
         certificates evidencing the Shares; said documents are to be held by
         the Escrow Agent pursuant to the Joint Escrow Instructions of the
         Company and Purchaser set forth in Exhibit C attached hereto and
         incorporated by this reference, which instructions will also be
         delivered to the Escrow Agent at the closing hereunder.

                                                                         Page 10

<PAGE>   11

                  (b) Rights as Shareholder. Purchaser will, during the term of
         this Agreement, exercise all rights and privileges of a shareholder of
         the Company with respect to the Shares deposited in said escrow, except
         that Purchaser will not sell, transfer, pledge, hypothecate or
         otherwise dispose of any Shares except in accordance with the terms of
         this Agreement.

                  (c) Transfers in Violation of Agreement. The Company will not
         be required to (i) transfer on its books any Shares which are sold or
         transferred in violation of any of the provisions of this Agreement or
         (ii) treat as owner of such Shares, or to accord the right to vote as
         such owner or to pay dividends to, any transferee to whom such Shares
         are so transferred.

         14. Tax Matters.

                  (a) Valuation of Shares. Purchaser understands that:

                           (i) The Shares have been valued by the Company, and
                  the Company believes such valuation represents a fair attempt
                  at reaching an accurate appraisal of their worth; Purchaser
                  understands, however, that the Company can give no assurances
                  that the Internal Revenue Service ("IRS") will not assert that
                  the value of the Shares on the date of purchase is greater
                  than so determined.

                           (ii) If the IRS were to succeed in a tax
                  determination under the Internal Revenue Service Code of 1986,
                  as amended (the "Code") that the Shares have value greater
                  than that upon which this transaction was based, the
                  additional value would constitute ordinary income as of the
                  date of its receipt. The additional taxes (and interest) due
                  would be payable by Purchaser, and there is no provision for
                  the Company to reimburse him or her for such tax liability,
                  and Purchaser assumes all responsibility for such potential
                  tax liability. The Company undertakes no obligation to inform
                  Purchaser of any change in the tax laws which may affect this
                  Agreement or its consequences.

                           (iii) The Company would be entitled to the benefit,
                  in any such transaction, if a determination were made prior to
                  the three (3) year statute of limitations period affecting the
                  Company, of an increase in its deduction for the excess amount
                  deemed paid, which would offset its operating profits, or, if
                  not profitable, would create a net operating loss carry
                  forward arising from operations in that year.

                  (b) Election Under Section 83(b) of the Code.

                           (i) Purchaser understands that Section 83 of the Code
                  taxes as ordinary income the difference between the amount
                  paid for the Shares and the Fair Market Value of the Shares as
                  of the date any restrictions on the Shares lapse. In this
                  context, "restriction" means the right of the Company to buy
                  back the stock pursuant to the Repurchase Option contained in
                  this Agreement. In the event the Company has registered its
                  securities under the Exchange Act, "restriction" with respect
                  to officers, directors and greater than 10% shareholders also
                  means the six (6) month period

                                                                         Page 11

<PAGE>   12

                  after the closing during which such officers, directors and
                  greater than 10% shareholders are subject to suit under
                  Section 16(b) of the Exchange Act. Purchaser understands that
                  he or she may elect to be taxed at the time the Shares are
                  purchased rather than when and as the Repurchase Option or six
                  (6) month Section 16(b) period expires by filing an election
                  under Section 83(b) of the Code with the IRS within thirty
                  (30) days from the date of purchase. Even if the Fair Market
                  Value of the Shares equals the amount paid for the Shares, the
                  election must be made to avoid adverse tax consequences in the
                  future. The form for making this election is attached as
                  Exhibit D hereto. Purchaser understands that failure to make
                  this filing timely will result in the recognition of ordinary
                  income by Purchaser, as the Repurchase Option lapses, or after
                  the lapse of the six (6) month Section 16(b) period, on the
                  difference between the purchase price and the Fair Market
                  Value of the Shares at the time such restrictions lapse.

                           (ii) Purchaser understands that he or she should
                  consult with the his or her tax advisor regarding the
                  advisability of filing with the IRS an election under Section
                  83(b) of the Code, which must be filed no later than thirty
                  (30) days after the date of this Agreement. Failure to file an
                  election under Section 83(b), if appropriate, may result in
                  adverse tax consequences to Purchaser. Purchaser acknowledges
                  that he or she has been advised to consult with a tax advisor
                  regarding the tax consequences to Purchaser of the purchase of
                  Shares hereunder. AN ELECTION UNDER SECTION 83(b) MUST BE
                  FILED WITHIN 30 DAYS AFTER THE DATE ON WHICH PURCHASER
                  PURCHASES THE SHARES. THIS TIME PERIOD CANNOT BE EXTENDED.
                  PURCHASER ACKNOWLEDGES THAT TIMELY FILING OF A SECTION 83(b)
                  ELECTION IS PURCHASER'S SOLE RESPONSIBILITY, EVEN IF PURCHASER
                  REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO FILE SUCH
                  ELECTION ON HIS OR HER BEHALF.

         15. Miscellaneous.

                  (a) Future Instruments. The parties agree to execute such
         further instruments and to take such further action as may reasonably
         be necessary to carry out the intent of this Agreement.

                  (b) Notice. Any notice required or permitted hereunder will be
         given in writing and will be deemed effectively given upon personal
         delivery or upon deposit in the United States Post Office, by
         registered or certified mail with postage and fees prepaid, addressed
         to the other party hereto at the address shown below that party's
         signature or at such other address as such party may designate by ten
         (10) days' advance written notice to the other party hereto.

                  (c) Successors and Assigns. This Agreement will inure to the
         benefit of the successors and assigns of the Company and, subject to
         the restrictions on transfer herein set forth, be binding upon
         Purchaser and Purchaser's heirs, executors, administrators, successors
         and assigns; provided, however, that Purchaser may not assign his or
         her rights under this Agreement without the Company's prior written
         consent.

                  (d) Entire Agreement; Applicable Law. This Agreement, together
         with the exhibits hereto, will be construed under the laws of the State
         of Colorado other than the conflict of laws and except for matters

                                                                         Page 12

<PAGE>   13

         of corporate governance which shall be governed by and construed
         according to the laws of the State of Delaware, and constitutes the
         entire agreement of the parties with respect to the subject matter
         hereof, superseding all prior written or oral agreements, and no
         amendment or addition hereto will be deemed effective unless agreed to
         in writing by the parties hereto.

                  (e) Right to Specific Performance. Purchaser agrees that the
         Company will be entitled to a decree of specific performance of the
         terms hereof or an injunction restraining violation of this Agreement,
         said right to be in addition to any other remedies available to the
         Company.

                  (f) Delays. No failure on the part of any party to exercise or
         delay in exercising any right hereunder will be deemed a waiver
         thereof, nor will any such failure or delay, or any single or partial
         exercise of any such right, preclude any further or other exercise of
         such right or any other right.

                  (g) Partial Invalidity. If any provision of this Agreement, or
         the application thereof, is for any reason and to any extent determined
         by a court of competent jurisdiction to be invalid or unenforceable,
         the remainder of this Agreement and the application of such provision
         to other persons or circumstances will be interpreted so as best to
         reasonably effect the intent of the parties hereto. The parties agree
         to use their best efforts to replace such void or unenforceable
         provision of this Agreement with a valid and enforceable provision
         which will achieve, to the extent greatest possible, the economic,
         business and other purposes of the void or unenforceable provision.

                  (h) Counterparts. This Agreement may be executed in
         counterparts, each of which will be an original and all of which
         together will constitute one and the same agreement.

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

CHAPARRAL TECHNOLOGIES, INC.                PURCHASER

/s/ Gary L. Allison
-----------------------------------         ---------------------------------
Gary L. Allison                             (Purchaser)
Chairman & CEO                              (Title)
1951 South Fordham Street                   (Street)
Longmont, CO  80503                         (CityStateZip)

                                                                         Page 13

<PAGE>   14
[CHAPARRAL TECHNOLOGIES, INC. LOGO]

                        FOUNDER STOCK PURCHASE AGREEMENT

         THIS AGREEMENT is made as of _____________, 1998, by and between
CHAPARRAL TECHNOLOGIES, INC., a Delaware corporation (the "Company"), and
_________________("Purchaser").

                                    RECITALS

         A. Purchaser is a founder of the Company; and

         B. The Company desires to issue and sell to Purchaser, and Purchaser
desires to acquire, Common Stock of the Company on the terms and conditions set
forth below.

         C. Purchaser understands that the opportunity to purchase Founders'
Stock is consideration given to each Founder for the prior services actually
rendered to the Company for no compensation during the founding of the Company.

         NOW, THEREFORE, the parties, intending to be legally bound, hereby
agree as follows:

         1. Purchase and Sale of Common Stock.

                  (a) Purchase and Sale. Purchaser agrees that the opportunity
         to purchase Founders' Stock is consideration for Purchaser's efforts
         with no compensation during the founding and formation of the Company.
         Purchaser agrees that said consideration is sufficient for those
         founding efforts and that award of Founders' Stock extinguishes any
         claims or additional compensation for those founding efforts, other
         than as set forth in any existing agreement. Subject to the terms of
         this Agreement, Purchaser agrees to purchase from the Company, and the
         Company agrees to sell to Purchaser, _________ shares of the Company's
         Common Stock (the "Shares") for an aggregate purchase price of $One
         Tenth of One Cent (or $0.001) per share. Purchaser will pay the
         purchase price to the Company, by cash or check, at the closing.

                  (b) Closing. The closing of the purchase and sale of the
         Shares will occur at the offices of the Company within one week after
         the date of this Agreement. If the closing has not occurred by such
         date, this Agreement will be terminated and have no further force and
         effect.

         2. Repurchase Option re: Termination for Cause.

                  (a) In the event of termination of Purchaser's employment or
         consulting arrangement with the Company (the "Employment Arrangement")
         for cause, (referred to as the "Termination for Cause"), the Company
         shall, upon the date of such Termination, have an irrevocable and
         exclusive option (the "Repurchase Option") to repurchase up to the
         total number of Purchaser's Shares at the Original Issuance Price per
         Share, as adjusted for stock splits, stock dividends, consolidations,
         and the like.

                  (b) Within sixty (60) days following Purchaser's Termination
         for Cause, the Company shall notify Purchaser as to whether it (or its
         assignee) wishes to purchase all or a portion of the Shares pursuant to
         the exercise of the Repurchase Option. If the Company (or its assignee)
         elects to purchase such Shares hereunder, it shall notify Purchaser, in
         writing, of its (or its assignee's) intention to purchase such Shares
         hereunder at the repurchase price per share set pursuant to Section 3.1
         (a), and either

                           (i) set a date and location for the closing of the
                  transaction not later than thirty (30) days from the date of
                  such notice, at which time the Company (or its assignee) shall
                  tender payment for the Shares, or

                           (ii) close the transaction by mail by including
                  payment for the Shares with the Company's notice to Purchaser.

                           Payment for the Shares may be in the form of cash,
                  the Company's check, a note by the Company (for a term of no
                  longer than eighteen months at an interest rate of eight
                  percent per year), or cancellation of all or a portion of
                  Purchaser's indebtedness to the Company, or any

                                  CONFIDENTIAL                      Page 1 of 18
<PAGE>   15

                  combination thereof. At such closing, the certificate(s)
                  representing the Shares so purchased shall be delivered to the
                  Company and canceled (or the Shares transferred to the
                  Company's assignee, if applicable) or, in the case of payment
                  by the Company (or its assignee) by mail, such certificate(s)
                  shall be deemed canceled (or the Shares transferred to the
                  Company's assignee, if applicable) as of the date of the
                  mailing of the Company's notice, and, thereafter, shall be
                  promptly returned by Purchaser to the Company by certified or
                  registered mail. Shares subject to the Repurchase Option as to
                  which the Company (or its assignee) has not exercised its
                  Repurchase Option within ninety (90) days following
                  Purchaser's Termination shall be released from the Repurchase
                  Option.

                  (c) Certain Definitions. As used in this Agreement, the
         following terms have the following meanings:

                           (i) Commencement Date: ______________, 1998.

                           (ii) "Cause" means (1) the negligent, grossly
                  negligent or willful failure by Purchaser to perform his
                  duties as an employee of the Company or his continued failure
                  to perform duties reasonably requested or reasonably
                  prescribed by the Board of Directors (other than as a result
                  of Purchaser's debt or disability), (2) the engaging by
                  Purchaser in conduct which is materially injurious to the
                  Company or any of its affiliates, (3) negligence, gross
                  negligence or willful misconduct by Purchaser in the
                  performance of his duties which results in, or causes, harm to
                  the Company or any of its affiliates, or (4) Purchaser's
                  commission of a felony or other offense involving moral
                  turpitude.

                  (d) Vested and Unvested Shares. Pursuant to the provisions set
         forth in this paragraph (d) if Purchaser ceases to be employed by the
         Company upon the Termination Date, each share of stock will be deemed
         to be either a share of "Vested Shares" or a share of "Unvested Shares"
         as follows:

                           (i) Founders Stock. The Company will have the right
                  of first refusal to purchase Founder's Stock according to the
                  table below.

                           (ii) Voluntary Termination. If Purchaser ceases to be
                  employed by the Company as a result of Purchaser's voluntary
                  termination, then the percentage set forth below opposite the
                  time period during which the Termination Date occurred of each
                  class of stock will be deemed to be subject to the original
                  repurchase price according to the table below. All other stock
                  will be deemed to be Vested Shares.

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------
                 DATE                   CUMULATIVE % OF     REPURCHASE PRICE
                                          STOCK VESTED
-----------------------------------------------------------------------------------
<S>                                    <C>             <C>
           Commencement Date                 52%        52% FMV 48% original price
-----------------------------------------------------------------------------------
        July 1 to July 31, 1998              54%        54% FMV, 46% original price
-----------------------------------------------------------------------------------
      August 1 to August 31, 1998            56%        56% FMV, 44% original price
-----------------------------------------------------------------------------------
   September 1 to September 30, 1998         58%        58% FMV. 42% original price
-----------------------------------------------------------------------------------
     October 1 to October 31, 1998           60%        60% FMV, 40% original price
-----------------------------------------------------------------------------------
    November 1 to November 30, 1998          62%        62% FMV, 38% original price
-----------------------------------------------------------------------------------
    December 1 to December 31, 1998          64%        64% FMV, 36% original price
-----------------------------------------------------------------------------------
     January 1 to January 31, 1999           66%        66% FMV, 34% original price
-----------------------------------------------------------------------------------
    February 1 to February 28, 1999          68%        68% FMV, 32% original price
-----------------------------------------------------------------------------------
       March 1 to March 31, 1999             70%        70% FMV, 30% original price
-----------------------------------------------------------------------------------
       April 1 to April 30, 1999             72%        72% FMV, 28% original price
-----------------------------------------------------------------------------------
         May 1 to May 31, 1999               74%        74% FMV, 26% original price
-----------------------------------------------------------------------------------
        June 1 to June 30, 1999              76%        76% FMV, 24% original price
-----------------------------------------------------------------------------------
        July 1 to July 31, 1999              78%        78% FMV, 22% original price
-----------------------------------------------------------------------------------
      August 1 to August 31, 1999            80%        80% FMV, 20% original price
-----------------------------------------------------------------------------------
</TABLE>

                                  CONFIDENTIAL                      Page 2 of 18
<PAGE>   16

<TABLE>
<S>                                     <C>    <C>
---------------------------------------------------------------------------
   September 1 to September 30, 1999    82%    82% FMV, 18% original price
---------------------------------------------------------------------------
     October 1 to October 31, 1999      84%    84% FMV, 16% original price
---------------------------------------------------------------------------
    November 1 to November 30, 1999     86%    86% FMV, 14% original price
---------------------------------------------------------------------------
    December 1 to December 31, 1999     88%    88% FMV, 12% original price
---------------------------------------------------------------------------
     January 1 to January 31, 2000      90%    90% FMV, 10% original price
---------------------------------------------------------------------------
    February 1 to February 28, 2000     92%    92% FMV, 8% original price
---------------------------------------------------------------------------
       March 1 to March 31, 2000        94%    94% FMV, 6% original price
---------------------------------------------------------------------------
       April 1 to April 30, 2000        96%    96% FMV, 4% original price
---------------------------------------------------------------------------
         May 1 to May 31, 2000          98%    98% FMV, 2% original price
---------------------------------------------------------------------------
        June 1 to June 30, 2000        100%             100% FMV
---------------------------------------------------------------------------
</TABLE>

* FMV (Fair Market Value )

                                  CONFIDENTIAL                      Page 3 of 18
<PAGE>   17

                           (iii) Termination for Cause. If Purchaser is no
                  longer employed by the Company as a result of Purchaser's
                  termination for Cause, then Purchaser's shares, except for the
                  initial 52% of Purchaser's shares which vested on the
                  Commencement Date, will be deemed to be "Unvested Shares" and
                  subject to repurchase by the Company at the original Purchase
                  Price. The shares which vested as of the Commencement Date may
                  be purchased at Fair Market Value .

                           (iv) In the event the Company terminates an "at will"
                  employee Purchaser, then the Company has the right to
                  repurchase all shares according to the table above.

                           (v) Notwithstanding anything in this agreement to the
                  contrary, upon an ownership change as defined in Section 6,
                  all of Purchaser's Founder's Stock will be deemed vested
                  shares and may be purchased at Fair Market Value as of the
                  date of the ownership change.

                  (d) Exercise of Unvested Share Purchase Option. The Company
         may exercise the Unvested Share Purchase Option by written notice (the
         "Exercise Notice") delivered to Purchaser or Purchaser's legal
         representative within sixty (60) days after the termination of
         Purchaser's service to the Company. If the Company fails to deliver the
         Exercise Notice within such sixty (60) day period, the Unvested Share
         Purchase Option will terminate unless the Company and Purchaser have
         agreed in writing to extend the time for the exercise of the Unvested
         Share Purchase Option.

                  (e) Payment for Shares. The purchase price per Share
         repurchased by the Company hereunder will be an amount equal to
         Purchaser's original purchase price per share, subject to adjustment
         pursuant to Section 9 hereof (the "Option Price"). Payment by the
         Company to Purchaser will be made, by cash or check, within thirty (30)
         days after the date of the mailing of the Exercise Notice. For purposes
         of the foregoing, cancellation of any indebtedness of Purchaser to the
         Company will be treated as payment to Purchaser in cash to the extent
         of the unpaid principal and any accrued interest canceled.

                  (f) Ownership Change. In the event of an Ownership Change, as
         defined in Section 6 hereof, and notwithstanding anything in this
         agreement to the contrary, all of Purchaser's Founder's Stock will be
         deemed vested shares and may be purchased at Fair Market Value as of
         the date of the ownership change.

                  (g) Transfer of Unvested Shares. Purchaser will not sell,
         pledge or otherwise transfer any Unvested Shares, or any interest
         therein, except pursuant to an exercise of the Unvested Share Purchase
         Option.

         3. Right of First Refusal.

                  (a) Right of First Refusal. In the event Purchaser proposes to
         sell, pledge, or otherwise transfer any Vested Shares (the "Transfer
         Shares") to any person or entity, including, without limitation, any
         shareholder of the Company, the Company will have the right to
         repurchase the Transfer Shares under the terms and subject to the
         conditions set forth in this Section 3 (the "Right of First Refusal").
         For purposes of this Section 3, a change in record ownership of Shares
         will be deemed a transfer subject to the Right of First Refusal whether
         or not such change in record ownership results in a change in the
         beneficial ownership of such Shares.

                  (b) Notice of Proposed Transfer. Prior to any proposed
         transfer of Transfer Shares, Purchaser will give a written notice (the
         "Transfer Notice") to the Company describing fully the proposed
         transfer, including the number of Transfer Shares, the name and address
         of the proposed transferee (the "Proposed Transferee") and, if the
         transfer is voluntary, the proposed transfer price, and containing
         information necessary to show the bona fide nature of the proposed
         transfer. In the event of a bona fide gift or involuntary transfer, the
         proposed transfer price will be deemed to be the Fair Market Value of
         the Transfer Shares as determined by the Company's Board of Directors
         as of the date of the Transfer Notice, subject to Section 5 hereof. In
         the event Purchaser proposes to transfer any Vested Shares to more than
         one Proposed Transferee, Purchaser will provide a separate Transfer
         Notice for the proposed transfer to each Proposed Transferee.

                  (c) Bona Fide Transfer. In the event that the Company
         determines that the information provided by Purchaser in the Transfer
         Notice is insufficient to establish the bona fide nature of a proposed
         voluntary transfer, the Company will give Purchaser written notice of
         Purchaser's failure to comply with the procedure described in this
         Section 3 and Purchaser will have no right to transfer the Transfer
         Shares without first complying with the procedure described in this
         Section 3.

                                  CONFIDENTIAL                      Page 4 of 18
<PAGE>   18

                  (d) Exercise of the Right of First Refusal. In the event the
         proposed transfer is determined by the Company to be bona fide, the
         Company will have the right to purchase all, but not less than all, of
         the Transfer Shares (except as the Company and Purchaser otherwise
         agree) at the purchase price and on the terms set forth in the Transfer
         Notice by delivery to Purchaser of a notice of exercise of the Right of
         First Refusal within thirty (30) days after the date the Transfer
         Notice is delivered to the Company. The Company's exercise or failure
         to exercise the Right of First Refusal with respect to any proposed
         transfer described in a Transfer Notice will not affect the Company's
         right to exercise the Right of First Refusal with respect to any
         proposed transfer described in any other Transfer Notice. If the
         Company exercises the Right of First Refusal, the Company and Purchaser
         will thereupon consummate the sale of the Transfer Shares to the
         Company on the terms set forth in the Transfer Notice within sixty (60)
         days after the date the Transfer Notice is delivered to the Company
         (unless a longer period is offered by the Proposed Transferee);
         provided, however, that in the event the Transfer Notice provides for
         the payment for the Transfer Shares other than in cash, the Company
         will have the option of paying for the Transfer Shares by the
         discounted cash equivalent of the consideration described in the
         Transfer Notice, as reasonably determined by the Company. For purposes
         of the foregoing, cancellation of any indebtedness of Purchaser to the
         Company will be treated as payment to Purchaser in cash to the extent
         of the unpaid principal and any accrued interest canceled.

                  (e) Failure to Exercise the Right of First Refusal. If the
         Company fails to exercise the Right of First Refusal in full within the
         period specified in Section 3(d), Purchaser may conclude a transfer to
         the Proposed Transferee of the Transfer Shares on the terms and
         conditions described in the Transfer Notice, provided such transfer
         occurs not later than ninety (90) days following delivery to the
         Company of the Transfer Notice. The Company will have the right to
         demand further assurances from Purchaser and the Proposed Transferee
         (in a form satisfactory to the Company) that the transfer of the
         Transfer Shares was actually carried out on the terms and conditions
         described in the Transfer Notice. No Transfer Shares will be
         transferred on the books of the Company until the Company has received
         such assurances, if so demanded. Any proposed transfer on terms and
         conditions different from those described in the Transfer Notice, as
         well as any subsequent proposed transfer by Purchaser, will again be
         subject to the Right of First Refusal and will require compliance by
         Purchaser with the procedure described in this Section 3.

                  (f) Transferees of the Transfer Shares. All transferees of the
         Transfer Shares or any interest therein, other than the Company, will
         be required as a condition of such transfer to agree in writing (in a
         form satisfactory to the Company) that such transferee will receive and
         hold such Transfer Shares or interests subject to the provisions of
         this Section 3 providing for the Right of First Refusal with respect to
         any subsequent transfer. Any sale or transfer of any Shares will be
         void unless the provisions of this Section 3 are complied with.

                  (g) Transfers Not Subject to the Right of First Refusal. The
         Right of First Refusal will not apply to any transfer of Vested Shares
         to Purchaser's estate, members of Purchaser's family or trusts for the
         benefit of Purchaser or any member of Purchaser's family, provided that
         in each case the proposed transferee agrees in writing (in a form
         satisfactory to the Company) that such transferee will receive and hold
         such Vested Shares subject to the provisions of this Section 3
         providing for the Right of First Refusal with respect to any subsequent
         transfer. Neither will the Right of First Refusal apply to any transfer
         or exchange of the Shares if such transfer or exchange is in connection
         with an Ownership Change, as defined in Section 6 hereof. If the
         consideration received pursuant to such transfer or exchange consists
         of securities, such securities will remain subject to the Right of
         First Refusal unless the provisions of Section 3(h) result in a
         termination of the Right of First Refusal.

                  (h) Early Termination of the Right of First Refusal. The other
         provisions of this Section 3 notwithstanding, the Right of First
         Refusal will terminate, and be of no further force and effect, upon

                           (i) the occurrence of a Transfer of Control, as
                  defined in Section 6 hereof, or

                           (ii) the existence of a public market for the class
                  of securities subject to the Right of First Refusal (including
                  any securities issued in exchange for any Shares). A "public
                  market" will be deemed to exist if such securities are (1)
                  listed on a national securities exchange (as that term is used
                  in the Securities Exchange Act of 1934, as amended (the
                  "Exchange Act") or (2) traded in the over-the-counter market
                  and prices therefor are published daily on business days in a
                  recognized financial journal.

                                  CONFIDENTIAL                      Page 5 of 18
<PAGE>   19

         4. Spousal Consent. If Purchaser is married on the date of this
Agreement, Purchaser's spouse will execute a Consent of Spouse in the form of
Exhibit A hereto, effective on the date hereof. Such consent will not be deemed
to confer or convey to the spouse any rights in the Shares that do not otherwise
exist by operation of law or the agreement of the parties. If Purchaser should
marry or remarry subsequent to the date of this Agreement, Purchaser will within
thirty (30) days thereafter obtain his or her new spouse's acknowledgment of and
consent to the existence and binding effect of all restrictions contained in
this Agreement by signing an additional Consent of Spouse in the form of Exhibit
A. Failure to provide an additional Consent of Spouse will be treated as a
transfer of all of Purchaser's Shares to such spouse and trigger the Company's
Right of First Refusal under Section 3 above.

         5. Appraisal. In the case of the Company's exercise of its Right of
First Refusal pursuant to Section 3 hereof with respect to a bona fide gift or
involuntary transfer referred to therein, if Purchaser disagrees with the
valuation determined by the Company's Board of Directors, Purchaser may, by
giving written notice to the Company within ten (10) days after being informed
of such valuation, request that the value of the Shares at issue be determined
by an independent appraiser to be selected by the Company. The Company will
select an appraiser to determine the value of such Shares within fifteen (15)
days after the Company's actual receipt of Purchaser's notice disputing the
valuation set by the Company's Board of Directors. Such appraiser will be
subject to the approval of Purchaser, which approval will not be unreasonably
withheld or delayed. Purchaser's approval or refusal to approve the appraiser
must be given before the appraiser announces a valuation. The value of such
Shares, as determined by the appraiser, will be conclusively binding on all of
the parties concerned. The expenses of appraisal will be borne equally by the
Company and Purchaser. Any time required to resolve a valuation dispute will be
added to the time period in which the Company may exercise its Right of First
Refusal under Section 3 hereof.

         6. Ownership Change and Transfer of Control. An "Ownership Change" will
be deemed to have occurred if any of the following events occur with respect to
the Company:

                  (a) the direct or indirect sale or exchange by the
         shareholders of the Company of all or substantially all of the capital
         stock of the Company;

                  (b) a merger or consolidation in which the Company is a party;

                  (c) the sale, exchange, or transfer of all or substantially
         all of the assets of the Company (other than a sale, exchange, or
         transfer to one or more subsidiary corporations [as defined in section
         424(f) of the Internal Revenue Code of 1986, as amended (the "Code")]
         of the Company); or

                  (d) a liquidation or dissolution of the Company.

                  A "Transfer of Control" shall mean an Ownership Change in
         which the shareholders of the Company immediately before such Ownership
         Change do not retain, directly or indirectly, at least a majority of
         the beneficial interest in the voting stock or securities of the
         Company or any successor entity thereto immediately after such
         transaction.

         7. At-Will Employment. Unless specifically provided in another written
agreement signed by Purchaser and an executive officer of the Company (or
another executive officer of the Company if Purchaser is an executive officer of
the Company), any employment of Purchaser by the Company is not for any definite
period of time, is at-will, and may be terminated at any time, with or without
cause, by Purchaser or by the Company. Nothing in this Agreement is intended to
change the nature of any such employment relationship.

         8. Assignment of Rights. The Company may assign its rights under
Section 2 or 3 hereof at any time, whether or not any event has occurred which
permits the Company to exercise such rights, to one or more persons, including
shareholders of the Company, who will have the right to so exercise such rights
in his, her or their own names and for his, her or their own account. If the
exercise of any such right requires the consent of the Delaware Commissioner of
Corporations, the parties agree to cooperate in requesting such consent.

         9. Adjustment to Shares Subject to Company's Rights. If, from time to
time during the term of this Agreement, there is any stock dividend or
liquidating dividend of cash and/or property, stock split, reverse stock split,
recapitalization, reclassification or other similar change in the character or
amount of any of the outstanding

                                  CONFIDENTIAL                      Page 6 of 18
<PAGE>   20

securities of the Company, then, in such event any and all new, substituted or
additional securities or other property to which Purchaser is entitled by reason
of his or her ownership of the Shares will be immediately subject to the
provisions of this Agreement on the same basis as all Shares originally
purchased hereunder, and will be included in the word "Shares" for all purposes
of this Agreement with the same force and effect as the Shares presently subject
to this Agreement. For purposes of Sections 2 and 3 hereof, while the total
price payable to exercise the rights provided in such sections will remain the
same after each such event, the price payable per share to exercise such rights
will be appropriately adjusted.

         10. Initial Public Offering. Purchaser hereby agrees that in the event
of an initial underwritten public offering of securities (an "IPO") made by the
Company pursuant to an effective registration statement filed under the
Securities Act of 1933, as amended (the "Securities Act"), Purchaser will not
offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase
or make any short sale of, or otherwise dispose of any securities of the Company
or any rights to acquire securities of the Company for such period of time from
and after the effective date of such registration statement as may be designated
by the managing underwriter(s) for the IPO; provided, however, that such period
of time will not exceed one hundred eighty (180) days from the effective date of
such registration statement. At the Company's request, Purchaser shall execute
and deliver to such managing underwriter(s) an agreement, in customary form,
confirming Purchaser's obligations under this Section 10. The foregoing
restriction will not apply to securities registered in the IPO. Purchaser shall
be subject to the foregoing restriction only if all officers and directors of
the Company are also subject to similar arrangements.

         11. Legends. All certificates representing any Shares subject to the
provisions of this Agreement will bear the following legends:

                  (a) THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
         TRANSFER RESTRICTIONS IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT
         BETWEEN THE COMPANY AND THE REGISTERED HOLDER, OR HIS OR HER
         PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL
         OFFICE OF THE COMPANY.

                  (b) THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
         A RIGHT OF FIRST REFUSAL OPTION IN FAVOR OF THE COMPANY OR ITS ASSIGNEE
         SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED
         HOLDER, OR HIS OR HER PREDECESSOR IN INTEREST, A COPY OF WHICH IS ON
         FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.

                  (c) THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
         SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN
         EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH
         SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE 144 OR RULE 701
         UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE
         HOLDER OF THESE SECURITIES REASONABLY SATISFACTORY TO THE COMPANY,
         STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT
         FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

                  (d) Any legend required under applicable state securities
         laws.

         12. Purchaser Representations and Warranties. In connection with the
proposed purchase of the Shares, Purchaser hereby agrees, represents and
warrants as follows:

                  (a) Investment Intent. Purchaser is purchasing the Shares
         solely for Purchaser's own account for investment and not with a view
         to, or for resale in connection with, any distribution thereof within
         the meaning of the Securities Act. Purchaser does not have any present
         intention of selling, offering to sell or otherwise disposing of or
         distributing the Shares or any portion thereof; and the entire legal
         and beneficial interest of the Shares Purchaser is acquiring is being
         purchased for, and will be held for the account of, Purchaser only and
         neither in whole nor in part for any other person.

                                  CONFIDENTIAL                      Page 7 of 18
<PAGE>   21

                  (b) Information Concerning the Company. Purchaser 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 Shares. Purchaser further
         represents and warrants that Purchaser has discussed the Company and
         its plans, operations and financial condition with its officers, has
         received all such information as Purchaser deems necessary and
         appropriate to enable Purchaser to evaluate the financial risk inherent
         in making an investment in the Shares and has received satisfactory and
         complete information concerning the business and financial condition
         and prospects of the Company in response to all inquiries in respect
         thereof.

                  (c) Economic Risk. Purchaser realizes that the purchase of the
         Shares will be a highly speculative investment, and Purchaser is able,
         without impairing his or her financial condition, to hold the Shares
         for an indefinite period of time and to suffer a complete loss of
         Purchaser's investment in the Shares.

                  (d) Restricted Securities. Purchaser understands and
         acknowledges that:

                           (i) The sale of the Shares has not been registered
                  under the Securities Act, and the Shares must be held
                  indefinitely unless a transfer of the Shares is subsequently
                  registered under the Securities Act or an exemption from such
                  registration is available, and that the Company is under no
                  obligation to register the Shares; and

                           (ii) The Company will make a notation in its records
                  of the aforementioned restrictions on transfer and legends.

                  (e) Rule 144. Purchaser is aware of the provisions of Rule
         144, promulgated under the Securities Act, which, in substance, permit
         limited public resale of "restricted securities" acquired, directly or
         indirectly, from the issuer thereof (or an affiliate of such issuer),
         in a nonpublic offering subject to the satisfaction of certain
         conditions, including among other things: the resale occurring not less
         than one year from the date Purchaser has purchased and paid for the
         Shares; the availability of certain public information concerning the
         Company; the sale being made through a broker in an unsolicited
         "broker's transaction" or in a transaction directly with a market maker
         (as said term is defined under the Exchange Act); and that any sale of
         the Shares may be made by him or her only in limited amounts during any
         three-month period. Purchaser understands that at the time Purchaser
         wishes to sell the Shares there may be no public market upon which to
         make such a sale, and that, even if such a public market then exists,
         the Company may not then be satisfying the current public information
         requirements of Rule 144, and that, in such event, Purchaser would be
         precluded from selling the Shares under Rule 144 even if the one-year
         minimum holding period has been satisfied. Purchaser understands that
         in the event all of the requirements of Rule 144 are not satisfied,
         registration under the Securities Act or compliance with another
         exemption from such registration will be required; and that,
         notwithstanding the fact that Rule 144 is not exclusive, the Staff of
         the SEC has expressed its opinion that persons proposing to sell
         restricted securities other than in a registered offering or pursuant
         to Rule 144 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.

                  (f) Further Limitations on Disposition. Purchaser further
         agrees that Purchaser will in no event make any disposition of all or
         any portion of the Shares unless:

                           (i) There is then in effect a registration statement
                  under the Securities Act covering such proposed disposition
                  and such disposition is made in accordance with said
                  registration statement; or

                           (ii) Purchaser has notified the Company of the
                  proposed disposition and furnished the Company with a detailed
                  statement of the circumstances surrounding the proposed
                  disposition, and Purchaser has furnished the Company with an
                  opinion of Purchaser's own counsel to the effect that such
                  disposition will not require registration of such shares under
                  the Securities Act, and such opinion of Purchaser's counsel
                  has been concurred in by counsel for the Company.

                                  CONFIDENTIAL                      Page 8 of 18
<PAGE>   22

                  (g) Capacity to Protect Interests. Purchaser has (i) a
         preexisting personal or business relationship with the Company or one
         or more of its officers, directors, or controlling persons, consisting
         of personal or business contacts of a nature and duration to enable
         Purchaser to be aware of the character, business acumen and general
         business and financial circumstances of the person with whom such
         relationship exists, or (ii) such knowledge and experience in financial
         and business matters as to make Purchaser capable of evaluating the
         merits and risks of an investment in the Shares and to protect
         Purchaser's own interests in the transaction, or (iii) both such
         relationship and such knowledge and experience.

                  (h) No Qualification. Purchaser understands that the Shares
         have not been qualified under General Corporation Law. Purchaser
         understands that the Company is relying on Purchaser's representations
         and warrants that the Company is entitled to rely on such
         representations and that such reliance is reasonable.

         13. Escrow and Transfer Restrictions.

                  (a) Escrow. As security for Purchaser's faithful performance
         of the terms of this Agreement and to ensure the availability for
         delivery of Purchaser's Shares upon exercise of either the Unvested
         Share Purchase Option or the Share Purchase Option, Purchaser agrees to
         deliver to and deposit with the Company's legal counsel, Robert D.
         Baker, Attorney at Law (the "Escrow Agent"), as Escrow Agent, two
         originals of an Assignment Separate From Certificate duly endorsed
         (with date and number of shares blank) in the form attached hereto as
         Exhibit B, together with the certificate or certificates evidencing the
         Shares; said documents are to be held by the Escrow Agent pursuant to
         the Joint Escrow Instructions of the Company and Purchaser set forth in
         Exhibit C attached hereto and incorporated by this reference, which
         instructions will also be delivered to the Escrow Agent at the closing
         hereunder.

                  (b) Rights as Shareholder. Purchaser will, during the term of
         this Agreement, exercise all rights and privileges of a shareholder of
         the Company with respect to the Shares deposited in said escrow, except
         that Purchaser will not sell, transfer, pledge, hypothecate or
         otherwise dispose of any Shares except in accordance with the terms of
         this Agreement.

                  (c) Transfers in Violation of Agreement. The Company will not
         be required to (i) transfer on its books any Shares which are sold or
         transferred in violation of any of the provisions of this Agreement or
         (ii) treat as owner of such Shares, or to accord the right to vote as
         such owner or to pay dividends to, any transferee to whom such Shares
         are so transferred.

         14. Tax Matters.

                  (a) Valuation of Shares. Purchaser understands that:

                           (i) The Shares have been valued by the Company, and
                  the Company believes such valuation represents a fair attempt
                  at reaching an accurate appraisal of their worth; Purchaser
                  understands, however, that the Company can give no assurances
                  that the Internal Revenue Service ("IRS") will not assert that
                  the value of the Shares on the date of purchase is greater
                  than so determined.

                           (ii) If the IRS were to succeed in a tax
                  determination under the Internal Revenue Service Code of 1986,
                  as amended (the "Code") that the Shares have value greater
                  than that upon which this transaction was based, the
                  additional value would constitute ordinary income as of the
                  date of its receipt. The additional taxes (and interest) due
                  would be payable by Purchaser, and there is no provision for
                  the Company to reimburse him or her for such tax liability,
                  and Purchaser assumes all responsibility for such potential
                  tax liability. The Company undertakes no obligation to inform
                  Purchaser of any change in the tax laws which may affect this
                  Agreement or its consequences.

                                  CONFIDENTIAL                      Page 9 of 18
<PAGE>   23

                           (iii) The Company would be entitled to the benefit,
                  in any such transaction, if a determination were made prior to
                  the three (3) year statute of limitations period affecting the
                  Company, of an increase in its deduction for the excess amount
                  deemed paid, which would offset its operating profits, or, if
                  not profitable, would create a net operating loss carry
                  forward arising from operations in that year.

                  (b) Election Under Section 83(b) of the Code.

                           (i) Purchaser understands that Section 83 of the Code
                  taxes as ordinary income the difference between the amount
                  paid for the Shares and the Fair Market Value of the Shares as
                  of the date any restrictions on the Shares lapse. In this
                  context, "restriction" means the right of the Company to buy
                  back the stock pursuant to the Unvested Share Repurchase
                  Option contained in this Agreement. In the event the Company
                  has registered its securities under the Exchange Act,
                  "restriction" with respect to officers, directors and greater
                  than 10% shareholders also means the six (6) month period
                  after the closing during which such officers, directors and
                  greater than 10% shareholders are subject to suit under
                  Section 16(b) of the Exchange Act. Purchaser understands that
                  he or she may elect to be taxed at the time the Shares are
                  purchased rather than when and as the Unvested Share
                  Repurchase Option or six (6) month Section 16(b) period
                  expires by filing an election under Section 83(b) of the Code
                  with the IRS within thirty (30) days from the date of
                  purchase. Even if the Fair Market Value of the Shares equals
                  the amount paid for the Shares, the election must be made to
                  avoid adverse tax consequences in the future. The form for
                  making this election is attached as Exhibit D hereto.
                  Purchaser understands that failure to make this filing timely
                  will result in the recognition of ordinary income by
                  Purchaser, as the Unvested Share Repurchase Option lapses, or
                  after the lapse of the six (6) month Section 16(b) period, on
                  the difference between the purchase price and the Fair Market
                  Value of the Shares at the time such restrictions lapse.

                           (ii) Purchaser understands that he or she should
                  consult with the his or her tax advisor regarding the
                  advisability of filing with the IRS an election under Section
                  83(b) of the Code, which must be filed no later than thirty
                  (30) days after the date of this Agreement. Failure to file an
                  election under Section 83(b), if appropriate, may result in
                  adverse tax consequences to Purchaser. Purchaser acknowledges
                  that he or she has been advised to consult with a tax advisor
                  regarding the tax consequences to Purchaser of the purchase of
                  Shares hereunder. AN ELECTION UNDER SECTION 83(b) MUST BE
                  FILED WITHIN 30 DAYS AFTER THE DATE ON WHICH PURCHASER
                  PURCHASES THE SHARES. THIS TIME PERIOD CANNOT BE EXTENDED.
                  PURCHASER ACKNOWLEDGES THAT TIMELY FILING OF A SECTION 83(b)
                  ELECTION IS PURCHASER'S SOLE RESPONSIBILITY, EVEN IF PURCHASER
                  REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO FILE SUCH
                  ELECTION ON HIS OR HER BEHALF.

         15. Miscellaneous.

                  (a) Future Instruments. The parties agree to execute such
         further instruments and to take such further action as may reasonably
         be necessary to carry out the intent of this Agreement.

                  (b) Notice. Any notice required or permitted hereunder will be
         given in writing and will be deemed effectively given upon personal
         delivery or upon deposit in the United States Post Office, by
         registered or certified mail with postage and fees prepaid, addressed
         to the other party hereto at the address shown below that party's
         signature or at such other address as such party may designate by ten
         (10) days' advance written notice to the other party hereto.

                  (c) Successors and Assigns. This Agreement will inure to the
         benefit of the successors and assigns of the Company and, subject to
         the restrictions on transfer herein set forth, be binding upon
         Purchaser and Purchaser's heirs, executors, administrators, successors
         and assigns; provided, however, that Purchaser may not assign his or
         her rights under this Agreement without the Company's prior written
         consent.

                                  CONFIDENTIAL                     Page 10 of 18
<PAGE>   24

                  (d) Entire Agreement; Applicable Law. This Agreement, together
         with the exhibits hereto, will be construed under the laws of the State
         of Colorado other than the conflict of laws and except for matters of
         corporate governance which shall be governed by and construed according
         to the laws of the State of Delaware, and constitutes the entire
         agreement of the parties with respect to the subject matter hereof,
         superseding all prior written or oral agreements, and no amendment or
         addition hereto will be deemed effective unless agreed to in writing by
         the parties hereto.

                  (e) Right to Specific Performance. Purchaser agrees that the
         Company will be entitled to a decree of specific performance of the
         terms hereof or an injunction restraining violation of this Agreement,
         said right to be in addition to any other remedies available to the
         Company.

                  (f) Delays. No failure on the part of any party to exercise or
         delay in exercising any right hereunder will be deemed a waiver
         thereof, nor will any such failure or delay, or any single or partial
         exercise of any such right, preclude any further or other exercise of
         such right or any other right.

                  (g) Partial Invalidity. If any provision of this Agreement, or
         the application thereof, is for any reason and to any extent determined
         by a court of competent jurisdiction to be invalid or unenforceable,
         the remainder of this Agreement and the application of such provision
         to other persons or circumstances will be interpreted so as best to
         reasonably effect the intent of the parties hereto. The parties agree
         to use their best efforts to replace such void or unenforceable
         provision of this Agreement with a valid and enforceable provision
         which will achieve, to the extent greatest possible, the economic,
         business and other purposes of the void or unenforceable provision.

                  (h) Counterparts. This Agreement may be executed in
         counterparts, each of which will be an original and all of which
         together will constitute one and the same agreement.

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

CHAPARRAL TECHNOLOGIES, INC.            PURCHASER

---------------------------------       ---------------------------------------
Gary L. Allison                         Purchaser
Chairman & CEO                          Title
1951 South Fordham Street               Street
Longmont, CO 80503                      City, State Zip

                                  CONFIDENTIAL                     Page 11 of 18
<PAGE>   25

                                    EXHIBIT A

                                CONSENT OF SPOUSE

         I, __________, spouse of ______________, acknowledge that I have read
the Founder Stock Purchase Agreement dated as of ______________, 1998, to which
this Consent is attached as Exhibit A (the "Agreement") and that I know its
contents. I am aware that by its provisions, (a) CHAPARRAL TECHNOLOGIES, INC.
(the "Company") has the option to purchase certain shares of the Company's
Common Stock (the "Shares") which my spouse will acquire pursuant to the
Agreement, including any interest I might have therein, upon termination of my
spouse's employment or other service relationship with the Company under
circumstances set forth in the Agreement, and (b) certain other restrictions are
imposed upon the sale or other disposition of the Shares.

         I hereby agree that my interest, if any, in the Shares subject to the
Agreement will be irrevocably bound by the Agreement and further understand and
agree that any community property interest I may have in the Shares will be
similarly bound by the Agreement.

         I am aware that the legal, financial and related matters contained in
the Agreement are complex and that I am free to seek independent professional
guidance or counsel with respect to this Consent. I have either sought such
guidance or counsel or determined, after reviewing the Agreement carefully, to
waive such right.

         Dated as of the          day of                    , 1998
                         --------        ------------------

                                         --------------------------------------
                                         Spouse

                                  CONFIDENTIAL                     Page 12 of 18
<PAGE>   26

                                    EXHIBIT B

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

         FOR VALUE RECEIVED, _____________ hereby sells, assigns and transfers
unto CHAPARRAL TECHNOLOGIES, INC. (____________) shares of the Common Stock of
CHAPARRAL TECHNOLOGIES, INC., a Delaware corporation, standing in the
undersigned's name on the books of said corporation represented by Certificate
No. ___________ herewith, and does hereby irrevocably constitute and appoint
Robert D. Baker, attorney to transfer the said stock on the books of the
corporation with full power of substitution in the premises.

                                       ----------------------------------------
                                       Purchaser

                                       ----------------------------------------
                                       Date

                                  CONFIDENTIAL                     Page 13 of 18
<PAGE>   27

                                    EXHIBIT C

                            JOINT ESCROW INSTRUCTIONS

                                                            _____________, 1998

Robert D. Baker, Attorney at Law
5353 Manhattan Circle, Ste. 201
Boulder, Colorado  80303

Dear Sir:

         As Escrow Agent for both CHAPARRAL TECHNOLOGIES, INC., a Delaware
corporation (the "Company"), and the undersigned purchaser ("Purchaser") of
Common Stock of the Company (the "Shares"), you are hereby authorized and
directed to hold the documents delivered to you pursuant to the terms of that
certain Founder Stock Purchase Agreement (the "Agreement"), dated as of the date
hereof, to which a copy of these Joint Escrow Instructions is attached as
Exhibit C, in accordance with the following instructions:

         1. In the event the Company and/or any assignee of the Company
(referred to collectively for convenience herein as the "Company") shall elect
to exercise the Unvested Share Purchase Option as defined in the Agreement, the
Company will give to Purchaser and you a written notice specifying the number of
Shares to be purchased, the purchase price, and the time of the closing
hereunder at the principal office of the Company. Purchaser and the Company
hereby irrevocably authorize and direct you to close the transaction
contemplated by such notice in accordance with the terms of said notice.

         2. At the closing, you are directed to (a) date the stock assignments
necessary for the transfer in question, (b) fill in the number of Shares being
transferred, and (c) deliver same, together with the certificates evidencing the
Shares to be transferred, to the Company against the simultaneous delivery to
you of the purchase price (by check or evidence of cancellation of indebtedness
of Purchaser to the Company) for the number of Shares being purchased pursuant
to the exercise of the Unvested Share Purchase Option.

         3. Purchaser irrevocably authorizes the Company to deposit with you any
certificates evidencing Shares to be held by you hereunder and any additions and
substitutions to said Shares as defined in the Agreement. Purchaser does hereby
irrevocably constitute and appoint you as his or her attorney-in-fact and agent
for the term of this escrow to execute with respect to such securities all stock
certificates, stock assignments, or other documents necessary or appropriate to
make such securities negotiable and complete any transaction herein
contemplated. Subject to the provisions of this Paragraph and the transfer
restrictions set forth in the Agreement, Purchaser will exercise all rights and
privileges of a shareholder of the Company while the Shares are held by you.

         4. This escrow will terminate at such time as there are no longer any
Shares subject to the Unvested Share Purchase Option.

         5. If at the time of termination of this escrow you should have in your
possession any documents, securities, or other property belonging to Purchaser,
you will deliver all of same to Purchaser and will be discharged of all further
obligations hereunder.

         6. Your duties hereunder may be altered, amended, modified or revoked
only by a writing signed by all of the parties hereto.

         7. You will be obligated only for the performance of such duties as are
specifically set forth herein and may rely and will be protected in relying or
refraining from acting on any instrument reasonably believed by you to be
genuine and to have been signed or presented by the proper party or parties. You
will not be personally liable for any act you may do or omit to do hereunder as
Escrow Agent or as attorney-in-fact for Purchaser while acting in good faith and
in the exercise of your own good judgment, and any act done or omitted by you
pursuant to the advice of your own attorneys will be conclusive evidence to such
good faith.

                                  CONFIDENTIAL                     Page 14 of 18
<PAGE>   28

         8. You are hereby expressly authorized to disregard any and all
warnings given by any of the parties hereto or by any other person or
corporation, excepting only orders or process of courts of law, and are hereby
expressly authorized to comply with and obey orders, judgments or decrees of any
court. In case you obey or comply with any such order, judgment or decree of any
court, you will not be liable to any of the parties hereto or to any other
person, firm or corporation by reason of such compliance, notwithstanding any
such order, judgment or decree being subsequently reversed, modified, annulled,
set aside, vacated or found to have been entered without jurisdiction.

         9. You will not be liable in any respect on account of the identities,
authorities or rights of the parties executing or delivering or purporting to
execute or deliver the Agreement or any documents or papers deposited or called
for hereunder.

         10. You will not be liable for the outlawing of any rights under the
Statute of Limitations with respect to these Joint Escrow Instructions or any
documents deposited with you.

         11. You will be entitled to employ such legal counsel and other experts
as you may deem necessary or proper to advise you in connection with your
obligations hereunder, may rely upon the advice of such counsel, and may pay
such counsel reasonable compensation therefor.

         12. Your responsibilities as Escrow Agent hereunder will terminate if
you will resign by written notice to each party. In the event of any such
termination, the Company will appoint a successor Escrow Agent.

         13. If you reasonably require other or further instructions in
connection with these Joint Escrow Instructions or obligations in respect
hereto, the necessary parties hereto will join in furnishing such instruments.

         14. It is understood and agreed that should any dispute arise with
respect to the delivery and/or ownership or rights of possession of the
securities held by you hereunder, you are authorized and directed to retain in
your possession without liability to anyone all or any part of said securities
until such dispute will have been settled either by mutual written agreement of
the parties concerned or by a final order, decree, or judgment of a court of
competent jurisdiction after the time for appeal has expired and no appeal has
been perfected, but you will be under no duty whatsoever to institute or defend
any such proceedings.

         15. Any notice required or permitted hereunder will be given in writing
and will be deemed effectively given upon personal delivery or upon deposit in
the United States Post Office, by registered or certified mail with postage and
fees prepaid, addressed to each of the other parties thereunto entitled at the
following addresses, or at such other addresses as a party may designate by ten
(10) days' advance written notice to each of the other parties hereto.

                  COMPANY:         CHAPARRAL TECHNOLOGIES, INC.
                                   1951 South Fordham Street
                                   Longmont, CO 80503
                                   Attn: Gary L. Allison

                  PURCHASER:       Purchaser
                                   Street
                                   City, State Zip

                  ESCROW AGENT:    Robert D. Baker, Attorney at Law
                                   5353 Manhattan Circle, Ste. 201
                                   Boulder, Colorado 80303

         16. By signing these Joint Escrow Instructions, you become a party
hereto only for the purpose of said Joint Escrow Instructions; you do not become
a party to the Agreement.

                                  CONFIDENTIAL                     Page 15 of 18
<PAGE>   29

         17. This instrument will be binding upon and inure to the benefit of
the parties hereto, and their respective successors and permitted assigns.

         18. This instrument will be construed under the laws of the State of
Colorado other than the conflict of laws and except for matters of corporate
governance which shall be governed by and construed according to the laws of the
State of Delaware, and constitutes the entire agreement of the parties with
respect to the subject matter hereof, superseding all prior written or oral
agreements, and no amendment or addition hereto will be deemed effective unless
agreed to in writing by the parties hereto.

Very truly yours,

CHAPARRAL TECHNOLOGIES, INC.

                                             Date
------------------------------------------       --------------------------
Gary L. Allison, Chairman & CEO

PURCHASER:

                                             Date
------------------------------------------       --------------------------
Purchaser, Title

Agreed to and accepted as of the date set forth above.

ESCROW AGENT:

                                             Date
------------------------------------------       --------------------------
Robert D. Baker, Attorney at Law
5353 Manhattan Circle, Suite 201
Boulder, Colorado  80303

                                  CONFIDENTIAL                     Page 16 of 18
<PAGE>   30

                                    EXHIBIT D

___________________, 1998

Internal Revenue Service
5045 East Butler Avenue
Fresno, CA  93888

                  Re:  Election Under Section 83(b) of the Internal Revenue Code
                       of 1986, as Amended

Gentlemen:

         The following information is submitted pursuant to Treas. Reg. section
1.83-2 in connection with this election by the undersigned under section 83(b)
of the Internal Revenue Code of 1986, as amended.

         1.       The name, address, and taxpayer identification number of the
                  taxpayer are:

                          Purchaser
                          Street
                          City State Zip
                          SS

         2.       The following is a description of each item of property with
                  respect to which the election is made:

                           ___________ shares of Common Stock of CHAPARRAL
                  TECHNOLOGIES, INC.

         3.       The property was transferred to the undersigned on:

                          ____________, 1998.

                  The taxable year for which the election is made is:

                           Calendar, 1998.

         4.       The nature of the restriction to which the property is
                  subject:

                           See Attachment A.

         5.       The following is the Fair Market Value at the time of transfer
                  (determined without regard to any restriction other than a
                  restriction which by its terms will never lapse) of each
                  property with respect to which the election is made:

                           $One Tenth of One Cent (_________shares at $0.001 per
                           share)

         6.       The following is the amount paid for the property:

                           $___________ in cash

         7.       A copy of this election has been furnished to CHAPARRAL
                  TECHNOLOGIES, INC., the corporation for which services are
                  performed by the undersigned.

         Please acknowledge receipt of this election by signing or stamping the
enclosed copy of this letter and returning it to the undersigned in the enclosed
envelope.

                                        Very truly yours,

                                        ---------------------------------------
                                        Purchaser

Enclosures

cc:  CHAPARRAL TECHNOLOGIES, INC.

                                  CONFIDENTIAL                     Page 17 of 18
<PAGE>   31

                                  ATTACHMENT A

         If I cease to provide services to CHAPARRAL TECHNOLOGIES, INC., (the
"Company") for any reason or no reason, without cause, at any time within
twenty-four (24) months after the Commencement Date set forth in my Founder
Stock Purchase Agreement with the Company dated as of ___________, 1998, the
Company will have the right at any time within sixty (60) days after the date I
cease to provide such services to exercise a purchase option and to purchase
from me or my personal representative, as the case may be, at $0.001 per share,
subject to adjustment pursuant to said agreement (the "Option Price"), the
maximum portion of the Stock which has not vested according to the terms of the
following vesting schedule:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------
                   DATE                        CUMULATIVE % OF           REPURCHASE PRICE
                                                STOCK VESTED
---------------------------------------------------------------------------------------------------
<S>                                            <C>                  <C>
             Commencement Date                       52%            52% FMV 48% original price
---------------------------------------------------------------------------------------------------
          July 1 to July 31, 1998                    54%            54% FMV, 46% original price
---------------------------------------------------------------------------------------------------
        August 1 to August 31, 1998                  56%            56% FMV, 44% original price
---------------------------------------------------------------------------------------------------
     September 1 to September 30, 1998               58%            58% FMV. 42% original price
---------------------------------------------------------------------------------------------------
       October 1 to October 31, 1998                 60%            60% FMV, 40% original price
---------------------------------------------------------------------------------------------------
      November 1 to November 30, 1998                62%            62% FMV, 38% original price
---------------------------------------------------------------------------------------------------
      December 1 to December 31, 1998                64%            64% FMV, 36% original price
---------------------------------------------------------------------------------------------------
       January 1 to January 31, 1999                 66%            66% FMV, 34% original price
---------------------------------------------------------------------------------------------------
      February 1 to February 28, 1999                68%            68% FMV, 32% original price
---------------------------------------------------------------------------------------------------
         March 1 to March 31, 1999                   70%            70% FMV, 30% original price
---------------------------------------------------------------------------------------------------
         April 1 to April 30, 1999                   72%            72% FMV, 28% original price
---------------------------------------------------------------------------------------------------
           May 1 to May 31, 1999                     74%            74% FMV, 26% original price
---------------------------------------------------------------------------------------------------
          June 1 to June 30, 1999                    76%            76% FMV, 24% original price
---------------------------------------------------------------------------------------------------
          July 1 to July 31, 1999                    78%            78% FMV, 22% original price
---------------------------------------------------------------------------------------------------
        August 1 to August 31, 1999                  80%            80% FMV, 20% original price
---------------------------------------------------------------------------------------------------
     September 1 to September 30, 1999               82%            82% FMV, 18% original price
---------------------------------------------------------------------------------------------------
       October 1 to October 31, 1999                 84%            84% FMV, 16% original price
---------------------------------------------------------------------------------------------------
      November 1 to November 30, 1999                86%            86% FMV, 14% original price
---------------------------------------------------------------------------------------------------
      December 1 to December 31, 1999                88%            88% FMV, 12% original price
---------------------------------------------------------------------------------------------------
       January 1 to January 31, 2000                 90%            90% FMV, 10% original price
---------------------------------------------------------------------------------------------------
      February 1 to February 28, 2000                92%            92% FMV, 8% original price
---------------------------------------------------------------------------------------------------
         March 1 to March 31, 2000                   94%            94% FMV, 6% original price
---------------------------------------------------------------------------------------------------
         April 1 to April 30, 2000                   96%            96% FMV, 4% original price
---------------------------------------------------------------------------------------------------
           May 1 to May 31, 2000                     98%            98% FMV, 2% original price
---------------------------------------------------------------------------------------------------
          June 1 to June 30, 2000                   100%                     100% FMV
---------------------------------------------------------------------------------------------------
</TABLE>

* FMV (Fair Market Value )

         If I cease to provide services to the Company for any reason, with
cause, at any time within twenty-four (24) months after the Commencement Date
set forth in my Founder Stock Purchase Agreement with the Company dated as of
______________, 1998, the Company will have the right at any time within sixty
(60) days after the date I cease to provide such services to exercise a purchase
option and to purchase from me or my personal representative, as the case may
be, at $0.001 per share, subject to adjustment pursuant to said agreement (the
"Option Price"), all of my Stock, whether unvested or vested, at the purchase
price of $0.001 per share.

                                  CONFIDENTIAL                     Page 18 of 18

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