Document:

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                                                           Exhibit 10.1
                         GARDNER DENVER, INC.

                       LONG-TERM INCENTIVE PLAN
      (As amended May 7, 1996, May 4, 1998, November 2, 1998,
                   May 4, 1999 and March 6, 2000)
  (Adjusted to reflect two-for-one stock split January 15, 1997 and
            three-for-two stock split December 29, 1997)

1.   PURPOSE

          The purpose of the Gardner Denver, Inc. Long-Term Incentive
Plan (the "Plan") is to promote the long-term financial interests of
Gardner Denver, Inc. (the "Company"), including its growth and
performance, by encouraging employees of the Company and its
subsidiaries to acquire an ownership position in the Company, enhancing
the ability of the Company to attract and retain employees of
outstanding ability, and providing employees with an interest in the
Company parallel to that of the Company's stockholders.

2.   DEFINITIONS

          2.1  "Administrative Policies" means the administrative
policies and procedures adopted and amended from time to time by the
Committee to administer the Plan.

          2.2  "Award" means any form of stock option, stock
appreciation right, restricted stock award, or performance share granted
under the Plan, whether singly, in combination, or in tandem, to a
Participant by the Committee pursuant to such terms, conditions,
restrictions and limitations, if any, as the Committee may establish by
the Award Agreement or otherwise.

          2.3  "Award Agreement" means a written agreement with
respect to an Award between the Company and a Participant establishing
the terms, conditions, restrictions and limitations applicable to an
Award. To the extent an Award Agreement is inconsistent with the terms
of the Plan, the Plan shall govern the rights of the Participant
thereunder.

          2.4  "Board" shall mean the Board of Directors of the Company.

          2.5  "Change of Control" means a change in control of the
Company (other than the initial distribution of Common Stock by Cooper
Industries, Inc.) of a nature that would be required to be reported
(assuming such event has not been "previously reported") in response to
Item 6(e) of Schedule 14A of Regulation 14A promulgated under the
Exchange Act; provided that, without limitation, a Change of Control
shall be deemed to have occurred at such time as (i) any "person" within
the meaning of Section 14(d) of the Exchange Act, is or becomes the
beneficial owner, directly or indirectly, of securities of the Company
representing 20% or more of the combined voting power of the Company's
then outstanding securities, or (ii) during any period of two
consecutive years, individuals who at the beginning of such period
constitute the Board cease for any reason to constitute at least a
majority thereof unless the election, or the nomination for election by
the Company's shareholders, of each new director was approved by a

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vote of at least two-thirds of the directors then still in office who
were directors at the beginning of the period.

          2.6  "Change of Control Price" means the higher of (i) the
Fair Market Value on the date of determination of the Change of Control
or (ii) the highest price per share actually paid for the Common Stock
in connection with the Change of Control of the Company.

          2.7  "Code" means the Internal Revenue Code of 1986, as
amended from time to time.

          2.8  "Committee" means the Management Development and
Compensation Committee of the Board, or such other committee designated
by the Board to administer the Plan, provided that the Committee shall
be constituted so as to satisfy any applicable legal requirements,
including the requirements of Rule 16b-3 promulgated under the Exchange
Act and Section 162(m) of the Code, or any respective successor rule or
statute.

          2.9  "Common Stock" means the Common Stock, par value $0.01
per share, of the Company.

          2.10  "Exchange Act" means the Securities Exchange Act of
1934, as amended.

          2.11  "Fair Market Value" means the average of the high and
low price of a share of Common Stock as reported on the composite tape
for securities listed on the Stock Exchange for the applicable date,
provided that if no sales of Common Stock were made on the Stock
Exchange on that date, the average of the high and low prices as
reported on the composite tape for the preceding day on which sales of
Common Stock were made.

          2.12  "Participant" means an officer or employee of the
Company or its subsidiaries who is selected by the Committee to
participate in the Plan, and nonemployee directors of the Company to the
extent provided in Section 11 hereof.

          2.13  "Stock Exchange" means the composite tape of the New
York Stock Exchange ("NYSE") or, if the Common Stock is no longer
included on the NYSE, then such other market price reporting system on
which the Common Stock is traded or quoted designated by the Committee
after it determines that such other exchange is both reliable and
reasonably accessible.

3.   ADMINISTRATION

          3.1  The Plan shall be administered by the Committee. A
majority of the Committee shall constitute a quorum, and the acts of a
majority of a quorum shall be the acts of the Committee.

          3.2  Subject to the provisions of the Plan, the Committee
(i) shall select the Participants, determine the type of Awards to be
made to Participants, determine the shares or share units subject to
Awards, and (ii) shall have the authority to interpret the Plan, to
establish, amend, and rescind any Administrative Policies, to determine
the terms and provisions of any

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agreements entered into hereunder, and to make all other determinations
necessary or advisable for the administration of the Plan. The Committee
may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or in any Award in the manner and to the
extent it shall deem desirable to carry it into effect. The
determinations of the Committee in the administration of the Plan, as
described herein, shall be final and conclusive, provided, however, that
no action shall be taken which will prevent the options granted under
Section 11 or any Award granted under the Plan from meeting the
requirements for exemption from Section 16(b) of the Exchange Act, or
subsequent comparable statute, as set forth in Rule 16b-3 of the
Exchange Act or any subsequent comparable rule.

          3.3  In order to enable Participants who are foreign
nationals or employed outside the United States, or both, to receive
Awards under the Plan, the Committee may adopt such amendments,
Administrative Policies, subplans and the like as are necessary or
advisable, in the opinion of the Committee, to effectuate the purposes
of the Plan.

4.   ELIGIBILITY

          All employees of the Company and its subsidiaries who have
demonstrated significant management potential or who have the capacity
for contributing in a substantial measure to the successful performance
of the Company, as determined by the Committee, are eligible to be
Participants in the Plan. Participants may receive one or more Awards
under the Plan. Directors of the Corporation other than directors who
are employees of the Corporation shall be eligible only to receive stock
options pursuant to Section 11 hereof.

5.   SHARES SUBJECT TO THE PLAN

          5.1  The aggregate number of shares of Common Stock
available for grant of Awards under the Plan shall be that number of
shares remaining available for grant under the Plan on the close of
business on the date immediately prior to the 1999 Annual Meeting of
Stockholders plus 500,000, subject to the adjustments provided for in
Section 15 hereof.  Shares of Common Stock available for issuance under
the Plan may be authorized and unissued shares or treasury shares, as
the Company may from time to time determine.

          5.2  Shares of Common Stock subject to an Award that
expires unexercised or that is forfeited, terminated or cancelled, in
whole or in part, or is paid in cash in lieu of Common Stock, shall
thereafter again be available for grant under the Plan.

6.   AWARDS

          Awards under the Plan may consist of: stock options (either
incentive stock options within the meaning of Section 422 of the Code or
nonstatutory stock options), stock appreciation rights, restricted stock
grants and performance shares; provided that no Participant may be
granted Awards during any calendar year with respect thereto in excess
of 180,000 shares of Common Stock, subject to the provisions of Section
15.  Awards of performance shares and restricted stock may provide the
Participant with dividends or dividend equivalents and voting rights
prior to vesting (whether based on a period of time or based on
attainment of specified

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performance conditions). The terms, conditions and restrictions of each
Award shall be set forth in an Award Agreement.

7.   STOCK OPTIONS

          7.1  Grants. Awards may be granted in the form of stock
options.  Stock options may be incentive stock options within the
meaning of Section 422 of the Code or nonstatutory stock options (i.e.,
stock options which are not incentive stock options), or a combination
of both, or any particular type of tax advantage option authorized by
the Code from time to time.

          7.2  Terms and Conditions of Options. An option shall be
exercisable in whole or in such installments and at such times and upon
such terms as may be determined by the Committee; provided, however,
that no stock option shall be exercisable more than ten years after the
date of grant thereof. The option exercise price shall be established by
the Committee, but such price shall not be less than the Fair Market
Value on the date of the stock option's grant subject to adjustment as
provided in Section 15 hereof.

          7.3  Restrictions Relating to Incentive Stock Options. Stock
options issued in the form of incentive stock options shall, in addition
to being subject to all applicable terms, conditions, restrictions and
limitations established by the Committee, comply with Section 422 of the
Code. Incentive stock options shall be granted only to full time
employees of the Company and its subsidiaries within the meaning of
Section 424 of the Code. The aggregate Fair Market Value (determined as
of the date the option is granted) of shares with respect to which
incentive stock options are exercisable for the first time by an
individual during any calendar year (under this Plan or any other plan
of the Company which provides for the granting of incentive stock
options) may not exceed $100,000 or such other number as may be
applicable under the Code from time to time.

          7.4  Payment. Upon exercise, a Participant may pay the
option exercise price of a stock option in cash, shares of Common Stock,
stock appreciation rights or a combination of the foregoing, or such
other consideration as the Committee may deem appropriate. The Committee
shall establish appropriate methods for accepting Common Stock and may
impose such conditions as it deems appropriate on the use of such Common
Stock to exercise a stock option.

          7.5  Additional Terms and Conditions. The Committee may, by
way of the Award Agreement or Administrative Policies, establish such
other terms, conditions or restrictions, if any, on any stock option
award, provided they are consistent with the Plan. The Committee may
condition the vesting of stock options on the achievement of financial
performance criteria established by the Committee at the time of grant.

8.   STOCK APPRECIATION RIGHTS

          8.1  Grants. Awards may be granted in the form of stock
appreciation rights ("SARs"). SARs shall entitle the recipient to
receive a payment equal to the appreciation in market value of a stated
number of shares of Common Stock from the price stated in the Award
Agreement to the Fair Market Value on the date of exercise or surrender.
An SAR may be granted in tandem with all or a portion of a related stock
option under the Plan ("Tandem

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SARs"), or may be granted separately ("Freestanding SARs"); provided,
however, that Freestanding SARs shall be granted only to Participants
who are foreign nationals or are employed outside of the United States,
or both, and as to whom the Committee determines the interests of the
Company could not as conveniently be served by the grant of other forms
of Awards under the Plan.  A Tandem SAR may be granted either at the
time of the grant of the related stock option or at any time thereafter
during the term of the stock option.  In the case of SARs granted in
tandem with stock options granted prior to the grant of such SARs, the
appreciation in value shall be appreciation from the option exercise
price of such related stock option to the Fair Market Value on the date
of exercise.

          8.2  Terms and Conditions of Tandem SARs. A Tandem SAR shall
be exercisable to the extent, and only to the extent, that the related
stock option is exercisable. Upon exercise of a Tandem SAR as to some or
all of the shares covered in an Award, the related stock option shall be
cancelled automatically to the extent of the number of SARs exercised,
and such shares shall not thereafter be eligible for grant under Section
5 hereof.

          8.3  Terms and Conditions of Freestanding SARs. Freestanding
SARs shall be exercisable in whole or in such installments and at such
times as may be determined by the Committee. The base price of a
Freestanding SAR shall be determined by the Committee; provided,
however, that such price shall not be less than the Fair Market Value on
the date of the award of the Freestanding SAR.

          8.4  Deemed Exercise. The Committee may provide that an SAR
shall be deemed to be exercised at the close of business on the
scheduled expiration date of such SAR, if at such time the SAR by its
terms is otherwise exercisable and, if so exercised, would result in a
payment to the Participant.

          8.5  Additional Terms and Conditions. The Committee may, by
way of the Award Agreement or Administrative Policies, determine such
other terms, conditions and restrictions, if any, on any SAR Award,
provided they are consistent with the Plan.

9.   RESTRICTED STOCK AWARDS

          9.1  Grants. Awards may be granted in the form of
restricted stock ("Restricted Stock Awards"). Restricted Stock Awards
shall be awarded in such numbers and at such times as the Committee
shall determine.

          9.2  Award Restrictions. Restricted Stock Awards shall be
subject to such terms, conditions or restrictions as the Committee deems
appropriate including, but not limited to, restrictions on
transferability, requirements of continued employment, individual
performance or the financial performance of the Company. The period of
vesting and the forfeiture restrictions shall be established by the
Committee at the time of grant, except that each restriction period
shall not be less than 12 months.

          9.3  Rights as Shareholders. During the period in which any
restricted shares of Common Stock are subject to forfeiture restrictions
imposed under the preceding paragraph, the Committee may, in its
discretion, grant to the Participant to whom such restricted shares have

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been awarded, all or any of the rights of a shareholder with respect to
such shares, including, but not limited to, the right to vote such
shares and to receive dividends.

          9.4  Evidence of Award. Any Restricted Stock Award granted
under the Plan may be evidenced in such manner as the Committee deems
appropriate, including, without limitation, book entry registration or
issuance of a stock certificate or certificates.

10.  PERFORMANCE SHARES

          10.1  Grants. Awards may be granted in the form of shares of
Common Stock that are earned only after the attainment of predetermined
performance targets during a performance period as established by the
Committee ("Performance Shares").

          10.2  Performance Criteria. The Committee may grant an Award
of Performance Shares to Participants as of the first day of each
Performance Period. As used herein, the term "Performance Period" means
the period during which a Performance Target is measured and the term
"Performance Target" means the predetermined goals established by the
Committee. A Performance Target will be established at the beginning of
each Performance Period.  A Performance Target shall be based upon one
or any combination of the following goals or business criteria: (i)
revenues of the Company; (ii) operating income of the Company; (iii) net
income of the Company; (iv) earnings per share of the Company's Common
Stock; (v) the Company's return on equity; (vi) cash flow of the
Company; or (vii) Company stockholder total return.  The Committee shall
be permitted to make adjustments when determining the attainment of a
Performance Target to reflect extraordinary or nonrecurring items or
events, or unusual nonrecurring gains or losses identified in the
Company's financial statements, as long as any such adjustments are made
in a manner consistent with Section 162(m) to the extent applicable.
Awards of Performance Shares made to Participants subject to Section
162(m) of the Code are intended to qualify under Section 162(m) and
provisions of such Awards shall be interpreted in a manner consistent
with that intent to the extent appropriate.  The foregoing provisions of
this Section 10.2 also shall be applicable to grants of Restricted Stock
Awards made under Section 9 hereof to the extent such Restricted Stock
Awards are subject to the financial performance of the Company.  At the
end of the Performance Period, Performance Shares shall be converted
into Common Stock (or cash or a combination of Common Stock and cash, as
determined by the Award Agreement) and distributed to Participants based
upon such entitlement. Award payments made in cash rather than the
issuance of Common Stock shall not, by reason of such payment in cash,
result in additional shares being available for reissuance pursuant to
Section 5 hereof.

          10.3  Additional Terms and Conditions. The Committee may, by
way of the Award Agreement or Administrative Policies, determine the
manner of payment of Awards of Performance Shares and other terms,
conditions or restrictions, if any, on any Award of Performance Shares,
provided they are consistent with the Plan.

11.  DIRECTORS' STOCK OPTIONS

          11.1  Grants. Awards may be granted to nonemployee directors
only in the form of stock options satisfying the requirements of this
Section 11 ("Director Stock Options"). Subject to Section 15 hereof, on
the date following the commencement of the

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Company's annual meeting of stockholders each year, there shall be
granted to each nonemployee director an option to purchase 3,000 shares
of Common Stock. All such options shall be nonstatutory stock options.

          11.2  Option Exercise Price. The option exercise price of
Director Stock Options shall be 100 percent of the Fair Market Value on
the date such options are granted. The Committee shall be authorized to
compute the price per share on the date of grant. Payment of the option
exercise price may be made in cash or in shares of Common Stock or a
combination of cash and Common Stock.

          11.3  Award Agreement. Director Stock Options shall be
evidenced by an Award Agreement in the form of a stock option agreement,
dated as of the date of the grant, which agreement shall be in such
form, consistent with the terms and requirements of this Section 11, as
shall be approved by the Committee from time to time and executed on
behalf of the Company by its chief executive officer.

          11.4  Terms and Conditions of Director Stock Options.
Director Stock Options shall become fully exercisable on the first
anniversary of the date of grant and shall terminate upon the expiration
of five years from the date of grant. To the extent an option is not
otherwise exercisable at the date of the nonemployee director's
retirement under a retirement plan or policy of the Company or at the
time a nonemployee director ceases to be a director on account of
disability, it shall become fully exercisable upon such retirement or
cessation of service as a director due to disability.  Upon such
retirement or cessation of service due to disability, such options shall
be exercisable for a period of five years, subject to the original term
thereof. Options not otherwise exercisable at the time of the death of a
nonemployee director during service with the Company shall become fully
exercisable upon his death.  Upon the death of a nonemployee director
while in service as a director or within the five-year period during
which the options are exercisable following the retirement or disability
of a nonemployee director, such options shall remain exercisable
(subject to the original term of the option) for a period of one year
after the date of death.  To the extent an option is exercisable on the
date a director ceases to be a director (other than by reason of
disability, death or retirement), the option shall continue to be
exercisable (subject to the original term of the option) for a period of
90 days thereafter.

          11.5  Transferability. No option shall be transferable by a
nonemployee director except by will or the laws of descent and
distribution, and during the director's life time options may be
exercised only by him or his legal representative.

          11.6  Change of Control. Director Stock Options not
otherwise exercisable at the time of a Change of Control shall become
fully exercisable upon such Change of Control.  In the case of a Change
of Control:

          (i) The Company shall make payment to directors with respect
to Director Stock Options in cash in an amount equal to the appreciation
in the value of the Director Stock Option from the option exercise price
specified in the Award Agreement to the Change of Control Price.

          (ii) The cash payments to directors shall be due and
payable, and shall be paid by the Company, immediately upon the
occurrence of such Change of Control; and

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          (iii) After the payment provided for in (i) above,
nonemployee directors shall have no further rights under Director Stock
Options outstanding at the time of such Change in Control.

12.  DIVIDENDS AND DIVIDEND EQUIVALENTS; DEFERRALS

          12.1  If an Award is granted in the form of a Restricted
Stock Award or Performance Shares, the Committee may choose, at the time
of the grant of the Award, to include as part of such Award an
entitlement to receive dividends or dividend equivalents, subject to
such terms, conditions, restrictions or limitations, if any, as the
Committee may establish. Dividends and dividend equivalents shall be
paid in such form and manner and at such time as the Committee shall
determine.

          12.2  The Committee may permit Participants to elect to
defer the issuance of shares or the settlement of Awards in cash under
Administrative Policies established by the Committee. It may also
provide that deferred settlements include the payment or crediting of
interest on the deferral amounts or the payment or crediting of dividend
equivalents on deferred settlements denominated in shares.

13.  TERMINATION OF EMPLOYMENT

          The Committee shall adopt Administrative Policies
determining the entitlement of Participants who cease to be employed by
either the Company or its subsidiaries due to death, disability,
resignation, termination or retirement pursuant to an established
retirement plan or policy of the Company or its subsidiaries.

14.  ASSIGNMENT AND TRANSFER

          The rights and interests of a Participant under the Plan may
not be assigned, encumbered or transferred except, in the event of the
death of a Participant, by will or the laws of descent and distribution.
Notwithstanding the foregoing, the Committee may, in its discretion,
grant stock options to one or more executive officers of the Company on
terms that permit the stock options to be transferred by any such
executive officer, for estate planning purposes, to (a) the executive
officer's spouse, children, grandchildren, parents, siblings,
stepchildren, stepgrandchildren or in-laws ("Family Members"), (b)
entities that are exclusively family-related, including trusts for the
exclusive benefit of Family Members and limited partnerships or limited
liability companies in which Family Members are the only partners or
members, or (c) such other persons or entities specifically approved by
the Committee.  The terms and conditions applicable to the transfer of
any such stock options shall be established by the Committee, in its
discretion but consistent with this Section 14, and shall be contained
in the applicable stock option agreement between the Company and the
executive officer.

15.  ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

          In the event of any change in the outstanding shares of
Common Stock by reason of a reorganization, recapitalization, stock
split, stock dividend, combination or exchange of

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shares, merger, consolidation or any change in the corporate structure
or shares of the Company, the maximum aggregate number and class of
shares as to which Awards may be granted under the Plan, including any
limitations upon individual Participants or regarding Director Stock
Options, as well as the number and class of shares issuable, and the
related option exercise price, pursuant to then outstanding Awards,
shall be appropriately adjusted by the Committee, whose determination
shall be final.

16.  WITHHOLDING TAXES

          The Company shall have the right to deduct from any payment
to be made pursuant to the Plan the amount of any taxes required by law
to be withheld therefrom, or to require a Participant to pay to the
Company such amount required to be withheld prior to the issuance or
delivery of any shares of Stock or the payment of cash under the Plan.
The Committee may, in its discretion, permit a Participant to elect to
satisfy such withholding obligation by having the Company retain the
number of shares of Common Stock whose Fair Market Value equals the
amount required to be withheld. Any fraction of a share of Common Stock
required to satisfy such obligation shall be disregarded and the amount
due shall instead be paid in cash to the Participant.

17.  REGULATORY APPROVALS AND LISTINGS

          Notwithstanding anything contained in this Plan to the
contrary, the Company shall have no obligation to issue or deliver
certificates of Common Stock evidencing Restricted Stock Awards or any
other Award payable in Common Stock prior to (i) the obtaining of any
approval from any governmental agency which the Company shall, in its
sole discretion, determine to be necessary or advisable, (ii) the
admission of such shares to listing on the Stock Exchange and (iii) the
completion of any registration or other qualification of said shares
under any state or federal law or ruling of any governmental body which
the Company shall, in its sole discretion, determine to be necessary or
advisable.

18.  NO RIGHT TO CONTINUED EMPLOYMENT OR GRANTS

          No person shall have any claim or right to be granted an
Award, and the grant of an Award shall not be construed as giving a
Participant the right to be retained in the employ of the Company or its
subsidiaries. Further, the Company and its subsidiaries expressly
reserve the right at any time to dismiss a Participant free from any
liability, or any claim under the Plan, except as provided herein or in
any Award Agreement entered into hereunder.

19.  CHANGE OF CONTROL

          In the event of a Change of Control, (i) all SARs which have
not been granted in tandem with stock options shall become exercisable
in full, (ii) the restrictions applicable to all shares of restricted
stock shall lapse and such shares shall be deemed fully vested and all
restricted stock granted in the form of share units shall be paid in
cash, (iii) all Performance Shares shall be deemed to be earned in full
and all Performance Shares granted in the form of share units shall be
paid in cash, and (iv) any Participant who has been granted a stock
option which is not exercisable in full shall be entitled, in lieu of
the exercise of the portion of the stock

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option which is not exercisable, to obtain a cash payment in an amount
equal to the difference between the option price of such stock option
and (A) in the event the Change of Control is the result of a tender
offer or exchange offer for the Common Stock, the final offer price per
share paid for the Common Stock, or such lower price as the Committee
may determine with respect to any incentive stock option to preserve its
incentive stock option status, multiplied by the number of shares of
Common Stock covered by such portion of the stock option, or (B) in the
event the Change of Control is the result of any other occurrence, the
aggregate value of the Common Stock covered by such portion of the stock
option, as determined by the Committee at such time. The Committee may,
in its discretion, include such further provisions and limitations in
any agreement documenting such Awards as it may deem equitable and in
the best interests of the Company.

20.  AMENDMENT

          The Board may amend, suspend or terminate the Plan or any
portion thereof at any time, provided that no amendment shall be made
that would impair the rights of a Participant under an outstanding Award
without the Participant's consent, and no amendment shall be made
without stockholder approval if such approval is necessary in order to
preserve the applicability of any exemption under Rule 16b-3 under the
Exchange Act.

21.  GOVERNING LAW

          The validity, construction and effect of the Plan and any
actions taken or relating to the Plan shall be determined in accordance
with the laws of the State of Delaware and applicable Federal law.

22.  RIGHTS AS SHAREHOLDER

          Except as otherwise provided in the Award Agreement, a
Participant shall have no rights as a shareholder until he or she
becomes the holder of record. To the extent any person acquires a right
to receive payments from the Company under this Plan, such rights shall
be no greater than the rights of an unsecured creditor of the Company.

23.  EFFECTIVE DATE

          The Plan became effective on December 23, 1993.  Subject to
earlier termination pursuant to Section 20, the Plan shall have a term
of 10 years from its effective date. After termination of the Plan, no
future Awards may be granted but previously made Awards shall remain
outstanding in accordance with their applicable terms and conditions and
the terms and conditions of the Plan.Exhibit 6(a)
                                    AGREEMENT

THIS AGREEMENT  MADE  EFFECTIVE AND EXECUTED AS OF JULY 29,1999 (the  "Effective
Date").

BETWEEN:

                  E-Bidd.com, INC.

                  Suite 980
1500 West Georgia Street
Vancouver, BC
Canada V6G 2Z6
("E-BIDD")
AND:
Laurier Limited.

                  Suite E, Regal House
                  Gibraltar
                  ("LAURIER")
WHEREAS:
A.             E-BIDD is in the business of online auctions;

B. LAURIER is a company who holds certain  rights to certain  software code that
they wish to sell to E- Bidd (the "Transaction");

C.  E-BIDD and  LAURIER  agree that this  Agreement  will  constitute  a binding
agreement upon them in respect of the  Transaction,  such to be on the terms and
conditions contained herein;

NOW THEREFORE THIS AGREEMENT  WITNESSES that in  consideration  of the covenants
and agreements herein  contained,  the parties hereto do covenant and agree (the
"Agreement") each with the other as follows:

I .            Rei)resentations And Warranties

1.1  LAURIER  represents  and  warrants  to  E-BIDD  that  LAURIER  has good and
sufficient  right and  authority to enter into this  Agreement and carry out its
obligations  under this  Agreement on the terms and conditions set forth herein,
and this Agreement is a binding agreement upon LAURIER enforceable against it in
accordance with its terms and conditions.

                                      -82-

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1.2  E-BIDD  represents  and  warrants  to  LAURIER  that  E-BIDD  has  good and
sufficient  right and  authority to enter into this  Agreement and carry out its
obligations  under this  Agreement on the terms and conditions set forth herein,
and this Agreement is a binding agreement upon E-BIDD enforceable  against it in
accordance with its terms and conditions.

2. Software Riehts Purchase

2.1 The  parties  agree  that,  subject  to the  terms  and  conditions  of this
Agreement,  LAURIER will sell the  worlv,,ide  exclusive  rights to the software
described  substantially in Appendix A and Appendix B ("the Software") to E-BIDD
for 10,000,000 144 restricted shares of E-BIDD ("the Purchase Price").

2.2 The worldwide rights to the software will be for a period of 20 years.

3. General

3.1 Time and each of the terms and conditions of this Agreement  shall be of the
essence of this Agreement.

3.2 This Agreement  constitutes the entire agreement  between the parties hereto
in respect of the matters referred to herein.

3.3 The parties hereto shall execute and deliver all such further  documents and
do all such acts as any party may,  either before or after the execution of this
Agreement,  reasonably  require of the other in order  that the full  intent and
meaning of this Agreement is carried out.

3.4 No amendment or  interpretation  of this Agreement shall be binding upon the
parties  hereto  unless such  amendment  or  interpretation  is in written  form
executed by all of the parties to this Agreement.

3.5 Any notice or other  communication  of any kind whatsoever to be given under
this Agreement  shall be in writing and shall be delivered by hand,  email or by
fax to the parties at:

E-Bidd.com, Inc.
Suite 980 -1500
West Georgia Street Vancouver, BC Canada V6G 2Z6
         Attention:
         Ray Mathews Fax: (604) 806 0223
         Laurier Limited Suite E,
         Regal House Gibraltar
         Attention:
         A. Barcio   Fax: Oll 350 78800
or to  such  other addresses as may be given in writing by the parties hereto in
the manner provided for in this paragraph.

3.6 This  Agreement  may not be assigned by any party  hereto  without the prior
written consent of all of the parties hereto.

3.7 This Agreement shall be governed by the laws of Washington  State applicable
therein,  and the  parties  hereby  attorn to  thejurisdiction  of the Courts of
Washington State.

3.8 This Agreement may be signed by fax and in counterpart.

IN WITNESS WHEREOF the parties have hereunto set their hands and seals effective
as of the Effective Date first above written.

          SIGNED, SEALED AND DELIVERED BY E-BIDD.COM, INC. per:
          Name of Signatory:
          -Title of Signatory:

                                      -83-

<PAGE>

DELIVERED BY LAURIER LMTED per:

         SIGNED, SEALED AND
Name of Signatory:
-Title of Signatory:

                                   Appendix A

Technology

Auction Software

For Buyers

Easy  registration,  password  lookup,  and a members area that features auction
tracking,  purchase history,  email options,  custom searches,  and contact info
update.

For Sellers

Online  auction and store  managers  linked  together,  featuring  one step item
entry,  image  upload,  auction  relisting,  auction  saving,  sales and bidding
history,  editing,  multiple item upload,  and many more time saving tools. Each
seller has a home page on the auction site created in the online manager.

For Site Owners

You can run any auction site without ever leaving your browser.
Complete accounting, seller management, an online file manager,
newsletters and much more.  Automated processes that run in the

                                      -84-

<PAGE>

background take care of updating your site on a regular basis.

Site Manager

           o The Site  Manager  is an online  tool for the  administrator  of an
           auction site. The Site Manager is very complete, and allows an entire
           auction site to be managed from a browser if you wish.

           o The Setup  Checklist  and  Instruction  will guide you  through the
           areas of the site which need to be configured by you.

           o The Site Setup  section  controls  all of the options that you will
           use to configure your site. Set the colors used in making pages, your
           fees and percentages, and add and remove features in this section.

           o The  Accounting  section  is the place to view sales reports, issue
           credits, log seller payments, send bills, and more

           o Send newsletters to your bidders and sellers.

           o Resources  to get  helpful  tools and  information to maintain your
           website.  Q &  A available in the Site Owners Forum.

           o Includes  the File Manager is a browser  based FTP program.  In the
           File  Manager  you  can  make  quick   changes  or  setup  your  site
           completely.  You may view, edit, delete, rename and upload new files,
           and also navigate through all of the directories of your site.

                                      -85-

<PAGE>

                                   Appendix B

Ad Serving Management Software

Cache Busting Technology

Our Ad Serving Code utilizes JavaScript, which allows the administrative site to
dynamically  write to clients  HTML pages,  giving the ads a new "cache  number"
each time a page is loaded.  This technology will void any image caching the end
user may be using and can  effectively  increase ad  inventory  of the  client's
site.

Integration

The Ad Serving  Software has been coded with  integration  in mind. Our software
can be integrated into other banner exchanges.  This is an integral feature,  as
ad  auctioning  rivals get a great deal of their sales (and ad  inventory)  from
banner exchange sites.  Instead of a client inserting the typical image and link
code onto their site,  the client will place our scripts,  creating "two layers"
of banner exchanging.

This ability will allow us to easily audit  statistics and keep track of how the
site is  showing  the  buyer's  banners.  This  will  also  allow us to  compare
statistics with the seller's site and make sure there aren't any  discrepancies,
ultimately  creating  a very  strong  and  fair  way of  reporting  ad  campaign
statistics.

Advanced Tracking, Fraud Busting and Statistics

The Ad Serving  Software keeps a wide range of important  statistics.  This will
ensure that the banners are not being  requested en mass from the same IP number
(same person),  that the times and dates of banner  requests from IP numbers are
appropriate.

The  software  makes it  increasingly  difficult  to engineer a site to get more
click-throughs or exposures than they deserve.

Control

The seller of banners (web publisher) will be able to easily verify the validity
of a buyer's  banner  to make sure it is  appropriate  for their  site.  The web
publisher will be able to reject a banner if they deem it to be inappropriate.

Relevant  statistics  will  be  available  for  the ad  buyer,  seller  and  the
administrators.

                                      -86-

<PAGE>

Customized Profiles

The software features customized profiles for buyers and sellers,  allowing them
to "get to know each other" a little better before deciding on a sale.

Multiple Ads

The  software  has the  ability  for the buyer to display  multiple  banners per
campaign,  and compare the statistics of the banners to each other.  This allows
buyers to decide which type of advertisement is working best for them.

Advanced Email Manager

Future  advancements  to the  software  will  include a fully  integrated  email
manager,  allowing for  announcement  lists for clients,  and to notify the user
base of important changes, deals, and features.

Server Technology

  E-bidd.com  will be running the ad serving  software  on a  dedicated  server,
  allowing  for maximum  load usage and  bandwidth.  The software was created in
  Perl and the webserver  will be running  Apache with  Mod-Perl.  Apache is the
  most popular webserver on the Internet,  with over 60% of all websites running
  Apache. It is efficient,  popular,  and secure. Mod - Perl is an extension for
  Apache  that  allows it to "cache"  Perl CGI  files.  This will allow our Perl
  scripts to execute  20-50%  faster,  greatly  decreasing  the load on the host
  server.

  Scaleable Database Technology

  We are using mySQL as a database server. (SQL = Structured Query Language) SOL
  is the most widely used database  language in the world,  with the portability
  of Perl scripts to accessing  mySQL,  we will be able to change over to a more
  extensive database solution if the need arises.

  Security

  E-Bidd.com  will  provides the server with maximum  security.  For Credit Card
  transactions,  we will be using Apache's SSL layers.  E-Bidd.com  will also be
  utilizing an established merchant account solution for Internet Based commerce
  transactions.

                                      -87-

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