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                                                                   EXHIBIT 10.26

                           FOCUS MEDIA HOLDING LIMITED

                                SHARE OPTION PLAN

                                      2005

      1.    PURPOSES OF THE PLAN.

            The purposes of this Share Option Plan are to attract and retain the
best available personnel, to provide additional incentive to Employees,
Directors and Consultants and to promote the success of the Company's business.

      2.    DEFINITIONS.

            As used herein, the following definitions shall apply:

            2.1 "Administrator" means the Board or any of the Committees
appointed to administer the Plan.

            2.2 "Applicable Laws" means the legal requirements relating to the
administration of share incentive plans, if any, under applicable provisions of
the U.S. federal securities laws, the U.S. state corporate and securities laws,
the Code, the rules of any applicable stock exchange or national market system,
and the laws and rules of any jurisdiction outside the U.S. applicable to
Options, SARs or Restricted Shares granted to residents therein.

            2.3 "Board" means the Board of Directors of the Company.

            2.4 "Code" means the U.S. Internal Revenue Code of 1986, as amended.

            2.5 "Committee" means any committee appointed by the Board to
administer the Plan, and initially the Compensation Committee of the Company,
provided that the Committee shall consist of not fewer than two (2) members of
the Board, and shall, following the Registration Date and, solely to the extent
required to comply with Applicable Laws, be composed of "non-employee" directors
within the meaning of Rule 16b-3 as promulgated under the Exchange Act and
"outside directors" within the meaning of the Code. To the extent the Plan is
administered by the Board, the term "Committee" shall refer to the Board.

            2.6 "Company" means Focus Media Holding Limited, a company
incorporated under the laws of the Cayman Islands.

            2.7 "Consultant" means any person (other than an Employee or a
Director) who is engaged by the Company or any Related Entity to render
consulting or advisory services to the Company or such Related Entity or any
other selective persons the Administrator determines provides, directly or
indirectly, bona fide value to the Company or any Related

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Entity. The term "Consultant" shall include any company, trust, special purpose
vehicle or other legal entity owned by such person.

            2.8 "Continuous Service" means that the provision of services to the
Company or a Related Entity in any capacity of Employee, Director or Consultant,
is not interrupted or terminated. Continuous Service shall not be considered
interrupted in the case of (i) any approved leave of absence, (ii) transfers
among the Company, any Related Entity, or any successor, in any capacity of
Employee, Director or Consultant, or (iii) any change in status as long as the
individual remains in the service of the Company or a Related Entity in any
capacity of Employee, Director or Consultant (except as otherwise provided in
the Option Agreement). An approved leave of absence shall include sick leave,
maternity leave, or any other authorized personal leave. For purposes of
Incentive Share Options, no such leave may exceed ninety (90) days, unless
re-employment upon expiration of such leave is guaranteed by statute or
contract.

            2.9 "Corporate Transaction" means any of the following transactions
to which the Company is a party:

                  (i) a merger or consolidation or reorganization in which the
Company is not the surviving entity; or

                  (ii) the sale, transfer or other disposition of all or
substantially all of the assets of the Company (including the share capital of
the Company's Subsidiaries).

            2.10 "Director" means a member of the Board or the board of
directors of any Related Entity.

            2.11 "Disability" means that an Optionee is permanently unable to
carry out the responsibilities and functions of the position held by the
Optionee by reason of any medically determinable physical or mental impairment
as determined by the Administrator. An Optionee will not be considered to have
incurred a Disability unless he or she furnishes proof of such impairment
sufficient to satisfy the Administrator in its discretion.

            2.12 "Effective Date" means the date on which a Grant of Options
and/or SARs and/or Restricted Shares shall take effect in accordance with Option
Agreement.

            2.13 "Employee" means any person, including an Officer or Director,
who is an employee of the Company or any Related Entity. The term "Employee"
shall include any company, trust, special purpose vehicle or other legal entity
owned by such employee. The payment of an independent director's fee by the
Company or a Related Entity shall not be sufficient to constitute "employment"
of such person by the Company.

            2.14 "Exchange Act" means the U.S. Securities Exchange Act of 1934,
as amended.

            2.15 "Fair Market Value" means, as of any date, the value of
Ordinary Shares as follows:

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                  (a) Where there exists a public market for the Ordinary
Shares, the Fair Market Value shall be (i) the closing price for a Share for the
last market trading day prior to the time of the determination (or, if no
closing price was reported on that date, on the last trading date on which a
closing price was reported) on the stock exchange determined by the
Administrator to be the primary market for the Ordinary Shares or the Nasdaq
National Market, whichever is applicable, or (ii) if the Ordinary Shares are not
traded on any such exchange or national market system, the average of the
closing bid and asked prices of a Share on the Nasdaq Small Cap Market for the
day prior to the time of the determination (or, if no such prices were reported
on that date, on the last date on which such prices were reported), in each
case, as reported in The Wall Street Journal or such other source as the
Administrator deems reliable; or

                  (b) In the absence of an established market for the Ordinary
Shares of the type described in (a), above, the Fair Market Value thereof shall
be determined by the Administrator in good faith by reference to (i) the
valuation price made by an independent appraiser appointed by the Administrator;
(ii) the placing price of the latest private placement of the Shares and (iii)
the development of the Company's business operations since such latest private
placement.

            2.16 "Grant" means the number of Options and/or SARs and/or
Restricted Shares and/or Restricted Share Units granted to an Optionee at any
time in accordance with Section 6 hereof.

            2.17 "Immediate Family" means any child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, any person sharing the
Optionee's household (other than a tenant or employee), a trust in which these
persons (or the Optionee) have more than fifty percent (50%) of the beneficial
interest, a foundation in which these persons (or the Optionee) control the
management of assets, and any other entity in which these persons (or the
Optionee) own more than fifty percent (50%) of the voting interests.

            2.18 "Incentive Share Option" means an Option intended to qualify as
an incentive share option within the meaning of Section 422 of the Code.

            2.19 "Liquidation Event" means a complete dissolution or liquidation
of the Company.

            2.20 "Non-Statutory Share Option" means an Option not intended to
qualify as an Incentive Share Option within the meaning of Section 422 of the
Code.

            2.21 "Officer" means a person who is an officer of the Company or a
Related Entity within the meaning of Section 16 of the Exchange Act and the
rules and regulations promulgated thereunder or, to the extent applicable, other
Applicable Laws.

            2.22 "Old Plan" means the Employee Share Option Scheme of the
Company adopted in 2003.

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            2.23 "Option" means an option to purchase Shares pursuant to an
Option Agreement granted under the Plan, as amended.

            2.24 "Optionee" means an Employee, Director or Consultant (including
any company, trust, special purpose vehicle or other legal entity owned by such
Employee, Director or Consultant) who receives a Grant under the Plan.

            2.25 "Option Agreement" means the written agreement evidencing the
grant of an option and/or SARs and/or Restricted Shares executed by the Company
and the Optionee, including any amendments thereto.

            2.26 "Option Period" means the period commencing on the Effective
Date of a Grant and ending no later than on the day prior to the tenth
anniversary of such Effective Date.

            2.27 "Ordinary Share" means a share of US$0.00005 nominal or par
value, of the Company, or, if applicable, the number or fraction of American
Depositary Receipt representing a Ordinary Share.

            2.28 "Parent" means a "parent corporation", whether now or hereafter
existing, as defined in Section 424(e) of the Code or, to the extent applicable,
other Applicable Laws.

            2.29 "Plan" means this 2005 Share Option Plan of Focus Media Holding
Limited, as Amended and Restated as set forth herein and as may be amended from
time to time.

            2.30 "Registration Date" means the first to occur of (a) the closing
of the first sale to the general public of (i) the Ordinary Shares or (ii) the
same class of securities of a successor corporation (or its Parent) issued
pursuant to a Corporate Transaction in exchange for or in substitution of the
Ordinary Shares, pursuant to a registration statement filed with and declared
effective by the Securities and Exchange Commission under the Securities Act or
an equivalent thereof in a jurisdiction outside the U.S.; and (b) in the event
of a Corporate Transaction, the date of the consummation of the Corporate
Transaction if the same class of securities of the successor corporation (or its
Parent) issuable in such Corporate Transaction shall have been sold to the
general public pursuant to a registration statement filed with and declared
effective by the Securities and Exchange Commission under the Securities Act or
an equivalent thereof in a jurisdiction outside the U.S., on or prior to the
date of consummation of such Corporate Transaction.

            2.31 "Related Entity" means any Parent, Subsidiary and any other
corporation, partnership, limited liability company or other business entity in
which the Company, its Parent or a Subsidiary holds a substantial ownership
interest, directly or indirectly.

            2.32 "Securities Act" means the U.S. Securities Act of 1933, as
amended.

            2.33 "SAR" means a stock appreciation right entitling the Grantee to
Shares or cash compensation, as established by the Administrator, measured by
appreciation in the value of Ordinary Shares.

            2.34 "Shares" mean Ordinary Shares of the Company.

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            2.35 "Subsidiary" means a "subsidiary corporation", whether now or
hereafter existing, as defined in Section 424(f) of the Code or, to the extent
applicable, other Applicable Laws.

      3.    SHARES SUBJECT TO THE PLAN.

            3.1 Subject to the provisions of Section 10.1 below and to any
amendment of the Plan, the maximum amount of Shares with respect to which Grants
may be made under this Plan when aggregated with any other Shares issued or
capable of being issued on the exercise of all other Grants previously granted
under the Old Plan shall not exceed twenty percent (20%) of the issued share
capital of the Company from time to time. Moreover, subject to any amendment of
this Plan by the Board or the Committee pursuant to Section 12 below, in the
three years following the date of enactment of this Plan, Grants of Options
(including Incentive Stock Options) issued under this Plan shall not exceed in
the aggregate five percent (5%) of the issued share capital of the Company. In
addition, the maximum aggregate number of Shares which may be issued pursuant to
all Grants (including Incentive Stock Options) shall be increased by any Shares
that are represented by awards under the Company's Old Share Option Plan that
are forfeited, expire or are cancelled without delivery of the Shares or which
result in forfeiture of the Shares back to the Company on or after the adoption
of this Plan. The Shares to be issued pursuant to Grants must be authorized, but
unissued.

            3.2 Any Shares covered by a Grant (or portion of a Grant) which is
forfeited or cancelled, expires or is settled in cash or otherwise, shall be
deemed not to have been issued for purposes of determining the maximum aggregate
number of Shares which may be issued under the Plan. If any unissued Shares are
retained by the Company upon exercise of a Grant in order to satisfy the
exercise price for such Grant or any withholding taxes due with respect to such
Grant, such retained Shares subject to such Grant shall become available for
future issuance under the Plan (unless the Plan has terminated). Shares that
actually have been issued under the Plan pursuant to a Grant shall not be
returned to the Plan and shall not become available for future issuance under
the Plan.

      4.    ADMINISTRATION OF THE PLAN.

            4.1 PLAN ADMINISTRATOR. The Committee shall administer the Plan in
accordance with its terms.

            4.2 POWERS OF THE ADMINISTRATOR. Subject to Applicable Laws and the
provisions of the Plan (including any other powers given to the Administrator
hereunder), and except as otherwise provided by the Board, the Administrator
shall have the authority, in its discretion:

                  (a) to determine the eligibility of Grants, the classes of
bands and the range of number of Shares covered in each Band, to authorize and
determine the number of shares of each Grant;

                  (b) to approve forms of Option Agreements for use under the
Plan;

                  (c) to determine to grant Options with or without SARs;

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                  (d) to determine that the Options granted shall be either
Incentive Share Options or Non-Statutory Share Options or a combination thereof;

                  (e) to determine the Exercise Price applicable to the Share
covered by each Option;

                  (f) to determine the Option Period applicable thereto;

                  (g) to establish additional terms, conditions, rules or
procedures to accommodate the rules or laws of applicable foreign jurisdictions
and to afford Optionees favourable treatment under such rules or laws; provided,
however, that no Grant shall be granted under any such additional terms,
conditions, rules or procedures with terms or conditions which are inconsistent
with the provisions of the Plan;

                  (h) to amend the terms of any outstanding Grant granted under
the Plan;

                  (i) to construe and interpret the terms of the Plan and
Grants, including without limitation, any notice of Grant or Option Agreement,
granted pursuant to the Plan; and

                  (j) to take such other action, not inconsistent with the terms
of the Plan, as the Administrator deems appropriate.

      5.    ELIGIBILITY.

            Incentive Share Options may be granted only to Employees of the
Company, a Parent or a Subsidiary. Grants other than Incentive Share Options may
be granted to Employees, Directors and Consultants. An Employee, Director or
Consultant who has been granted a Grant may, if otherwise eligible, be granted
additional Grants. Grants may be granted to such Employees, Directors or
Consultants who are residing in foreign jurisdictions as the Administrator may
determine from time to time.

      6.    TYPE OF GRANTS; TERMS AND CONDITIONS OF GRANTS.

            Grants under the Plan may consist of one or more of the following:
Options, SARs, or Restricted Shares (which may be granted as Restricted Share
units). Awards of Restricted Shares may provide the Optionee with dividends or
dividend equivalents and voting rights prior to vesting. Each Grant shall be
designated in the Option Agreement.

      6.1   OPTIONS.

            (a) Option Designation. In the case of an Option, the Option shall
be designated as either an Incentive Share Option or a Non-Statutory Share
Option. However, notwithstanding such designation, to the extent that the
aggregate Fair Market Value of Shares subject to Options designated as Incentive
Share Options which become exercisable for the first time by an Optionee during
any calendar year (under all plans of the Company or any of its Parent or
Subsidiary) exceeds US$100,000, such excess Options, to the extent of the Shares

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covered thereby in excess of the foregoing limitation, shall be treated as
Non-Statutory Share Options. For this purpose, Incentive Share Options shall be
taken into account in the order in which they were granted, and the Fair Market
Value of the Shares shall be determined as of the grant date of the relevant
Option.

                  (b) Option Exercise Price. The exercise price of an Option
shall be as follows:

                  (i) In the case of an Incentive Share Option granted to any
Employee the per Share exercise price shall be not less than one hundred percent
(100%) of the Fair Market Value per Share on the date of grant.

                  (ii) In the case of a Non-Statutory Share Option:

                        (A) granted to a person who, at the time of the grant of
such Non-Statutory Share Option owns shares representing more than ten percent
(10%) of the voting power of all classes of shares of the Company or any Parent
or Subsidiary, the per Share exercise price shall be not less than one hundred
ten percent (110%) of the Fair Market Value per Share on the date of grant; or

                        (B) granted to a person other than a person described in
the preceding paragraph, the per Share exercise price shall be not less than one
hundred percent (100 of the Fair Market Value per Share on the date of grant.

                  (iii) Notwithstanding the foregoing provisions of this Section
6.1(b), in the case of an Option issued pursuant to Section 6.4, below, the
exercise or purchase price for the Option shall be determined in accordance with
the principles of Section 424(a) of the Code or other Applicable Law.

                  (iv) Notwithstanding the foregoing provisions of this Section
6.1(b) if the exercise price determined pursuant to the forgoing shall fall
below the nominal or par value of the Shares, the exercise price for an Option
shall be the nominal or par value of the Shares.

                  (c) Consideration. In addition to any other types of
consideration the Administrator may determine, the Administrator is authorized
to accept as consideration for Shares issued under the Plan the following: (i)
cash or check in U.S. dollars (in connection therewith the Administrator may
require the Optionee to provide evidence that the funds were taken out of any
relevant non-U.S. jurisdiction in accordance with applicable foreign exchange
control laws and regulations); (ii) cancellation of indebtedness owed by the
Company to the Optionee; (iii) promissory note; (iv) Shares previously acquired
by the Optionee valued at the Fair Market Value at the time of the exercise; (v)
withholding from delivery to the Optionee that number of whole Shares having a
Fair Market Value at the time of the exercise equal to the exercise price
payable to the Company upon exercise of the Option; or (vi) any combination of
the foregoing methods of payment.

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                  (d) Easy-Sale Exercise.

                  (i) Exercise/Sale. An Option Agreement may, but need not,
provide that, if Shares are publicly traded, all or part of the exercise price
of an Option and any withholding taxes may be paid by the delivery (on a form
prescribed by the Company) of an irrevocable direction to a securities broker
approved by the Company to sell Shares and to deliver all or part of the sales
proceeds to the Company.

                  (ii) Exercise/Pledge. An Option Agreement may, but need not,
provide that, if Shares are publicly traded, all or part of the exercise price
of an Option and any withholding taxes may be paid by the delivery (on a form
prescribed by the Company) of an irrevocable direction to pledge Shares to a
securities broker or lender approved by the Company, as security for a loan, and
to deliver all or part of the loan proceeds to the Company.

      6.2   SARS.

                  (a) Grant. SARs may be granted in tandem with an Option, in
addition to an Option, or may be freestanding and unrelated to an Option. SARs
granted in tandem or in addition to an Option may be granted either at the same
time as the Option or at a later time. SARs shall vest and become exercisable at
a rate determined by the Administrator, and shall remain exercisable for such
period as specified by the Administrator. A SAR shall entitle the Optionee to
receive from the Company an amount equal to the excess of the Fair Market Value
of a Share on the exercise of the SAR over the Fair Market Value of a Share on
the date of grant or, in the case of an SAR granted in tandem with an Option,
the per Share exercise price applicable to such Option.

                  (b) Settlement. The Administrator shall determine in its sole
discretion whether the SAR shall be settled in cash, Shares or a combination of
cash and Shares. In no event may any Optionee receive grants of SARs with
respect to more than three percent (3%) of the issued share capital of the
Company in any calendar year.

      6.3   RESTRICTED SHARES.

                  (a) Grant. Restricted Shares may be granted in the form of
Shares or share units having a value equal to an identical number of Shares. The
employment conditions and the length of the period for vesting of Restricted
Shares shall be established by the Administrator at time of grant. In the event
that a share certificate is issued in respect of Restricted Shares, such
certificate shall be registered in the name of the Optionee but shall be held by
the Company until the end of the restricted period. During the restricted
period, Restricted Shares may not be sold, assigned, transferred or otherwise
disposed of, or pledged or hypothecated as collateral for a loan or as security
for the performance of any obligation or for any other purpose as the
Administrator shall determine.

                  (b) Settlement. The Administrator shall determine in its sole
discretion whether Restricted Shares granted in the form of share units shall be
paid in cash, Shares, or a combination of cash and Shares.

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            6.4 CONDITIONS OF GRANT; VESTING AND REPURCHASE RIGHT. Subject to
the terms of the Plan, the Administrator shall determine the provisions, terms,
and conditions of each Grant including, but not limited to, the Grant vesting
schedule, repurchase provisions, rights of first refusal, forfeiture provisions,
form of payment (cash, Shares, or other consideration) upon settlement of the
Grant, payment contingencies, and satisfaction of any performance criteria,
provided, however, unless specifically provided otherwise in the relevant Option
Agreement, a total of one-third (1/3rd) of the Grant shall vest at the 1st
anniversary following the issuance of such Grant and, subsequently, a total of
one-thirty-sixth (1/36th) of the Grant shall vest at the end of each month of
the 2nd and 3rd years for so long as the Optionee provides Continuous Service to
the Company, such that the entire Grant shall be fully vested three (3) years
from the date of the Grant.

            6.5 ACQUISITIONS AND OTHER TRANSACTIONS. The Administrator may issue
Grants under the Plan in settlement, assumption or substitution for, outstanding
Grants or obligations to grant future Grants in connection with the Company or a
Related Entity acquiring another entity, an interest in another entity or an
additional interest in a Related Entity whether by merger, share purchase, asset
purchase or other form of transaction.

            6.6 DEFERRAL OF GRANT PAYMENT. The Administrator may establish one
or more programs under the Plan to permit selected Optionees the opportunity to
elect to defer receipt of consideration upon exercise of a Grant, satisfaction
of performance criteria, or other event that absent the election would entitle
the Optionee to payment or receipt of Shares or other consideration under a
Grant. The Administrator may establish the election procedures, the timing of
such elections, the mechanisms for payments of, and accrual of interest or other
earnings, if any, on amounts, Shares or other consideration so deferred, and
such other terms, conditions, rules and procedures that the Administrator deems
advisable for the administration of any such deferral program.

            6.7 AWARD EXCHANGE PROGRAMS. The Administrator may establish one or
more programs under the Plan to permit selected Optionees to exchange a Grant
under the Plan for one or more other types of Grants under the Plan on such
terms and conditions as determined by the Administrator from time to time.

            6.8 SEPARATE PROGRAMS. The Administrator may establish one or more
separate programs under the Plan for the purpose of issuing particular forms of
Grants to one or more classes of Optionees on such terms and conditions as
determined by the Administrator from time to time.

            6.9 EARLY EXERCISE. The Option Agreement may, but need not, include
a provision whereby the Optionee may elect, at any time while being an Employee,
Director or Consultant, to exercise any part or all of the Grant prior to full
vesting of the Grant. Any unvested Shares received pursuant to such exercise may
be subject to a repurchase right in favor of the Company or a Related Entity or
to any other restriction the Administrator determines to be appropriate.

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            6.10 OPTION PERIOD. The Option Period shall be the term stated in
the Option Agreement up to ten (10) years from the Effective Date of Grant
thereof or such shorter term as may be provided in the Option Agreement.

            6.11 TRANSFERABILITY OF GRANTS. No Grant may be sold, pledged,
assigned, hypothecated, transferred, or disposed of in any manner other than by
will or by the laws of descent or distribution and may be exercised, during the
lifetime of the Optionee, only by the Optionee; provided, however, during the
lifetime of the Optionee, SARs may be transferred by gift to members of the
Optionee's Immediate Family to the extent and manner determined by the
Administrator.

            6.12 TIME OF GRANTS. The date of grant of a Grant shall for all
purposes be the date on which the Administrator makes the determination to grant
such Grant, or such other date as is determined by the Administrator. Notice of
the grant determination shall be given to each Employee, Director or Consultant
to whom a Grant is so granted within a reasonable time after the date of such
grant. Unless otherwise determined by the Administrator, Grants will be made
twice a year.

            6.13 BUYOUT PROVISIONS. The Administrator may at any time offer to
buy out for a payment in cash or Shares or other consideration, any Grant
previously granted based on such terms and conditions as the Administrator shall
establish and communicate to the Optionee at the time such offer is made.

      7.    WITHHOLDING.

            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 an Optionee to pay to the Company such amount required
to be withheld prior to the issuance or delivery of any Shares or the payment of
cash under the Plan. The Administrator may, in its discretion, permit an
Optionee to elect to satisfy such withholding obligation by having the Company
retain the number of Shares whose Fair Market Value equals the amount required
to be withheld. Any fraction of a Share required to satisfy such obligation
shall be disregarded and the amount due shall instead be paid in cash by the
Optionee.

      8.    EXERCISE OF GRANT.

            8.1   PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER.

                  (a) Any Grant granted hereunder shall be exercisable at such
times and under such conditions as determined by the Administrator under the
terms of the Plan and specified in the Option Agreement provided always that any
calculation of any period for vesting as aforesaid shall (i) be suspended during
any period beginning when the Optionee ceases Continuous Service until such
Optionee resumes Continuous Service, (ii) be suspended during the period of
suspension referred to in Section 8.2 below, and (iii) cease upon death of the
Optionee and upon the lapse of the Option for whatsoever reason and in such
event of such cessation any vesting which has not taken place shall
automatically cease and lapse, and provided further that the Company shall not
be liable in any way nor shall the Optionee at any

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time have any rights (whatsoever) against the Company in relation to such
suspension, cessation of and/or lapse of vesting as aforesaid.

                  (b) A Grant shall be deemed to be exercised when written
notice of such exercise has been given to the Company, as in a form required
under the applicable Option Agreement, in accordance with the terms of the Grant
by the person entitled to exercise the Grant and full payment for the Shares is
made with respect to which the Grant is exercised. Until the issuance (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company) of the share certificate evidencing
such Shares, no right to vote or receive dividends or any other rights as a
shareholder shall exist with respect to Shares subject to a Grant,
notwithstanding the exercise of an Option or other Grant. The Company shall
issue (or cause to be issued) such share certificate as soon as practicable
following the exercise of the Grant. No adjustment will be made for a dividend
or other right for which the record date is prior to the date the share
certificate is issued, except as provided in the Option Agreement or Section 10,
below.

            8.2 MISCONDUCT. If an Optionee is found guilty of serious misconduct
or has been convicted of any criminal offence involving his integrity or
honesty, any Option of his then subsisting shall automatically lapse and become
of no further effect on the date such verdict is given by the relevant court of
law, body or authority, and if any investigation is being carried out on the
Optionee in respect of any of the matters referred to above or if his office or
duties as an Employee or Consultant is/are suspended in connection therewith,
then his right to exercise the Option shall automatically be suspended for such
period as the Board may in its discretion determine.

            8.3   DEATH OR DISABILITY OF OPTIONEE.

                  (a) If an Optionee's Continuous Service is terminated due to
death or Disability more than three (3) months after such Optionee commenced
service for the Company, the portion of the Grant that would have vested at the
1st anniversary of such Optionee's Continuous Service shall automatically vest
and be exercisable in accordance with and subject to paragraph (c) below.

                  (b) If an Optionee's Continuous Service is terminated due to
death or Disability any time following any anniversary of such Optionee's
Continous Service, the portion of the Grant that would have vested between such
anniversary and the subsequent anniversary (and which have not already vested)
of such Optionee's Continuous Service shall automatically vest and be
exercisable in accordance with and subject to paragraph (c) below.

                  (c) If an Optionee's Continuous Service is terminated due to
death or Disability, the Option or SAR may be exercised at any time within
twelve (12) months following the date of death or termination of employment due
to Disability, in the case of death, by the Optionee's estate or by a person who
acquired the right to exercise the Option or SAR by bequest or inheritance, or,
in the case of Disability, by the Optionee, but in any case (i) only to the
extent the Optionee was entitled to exercise the Option or SAR at the date of
his or her termination of Continuous Service by death or Disability or (ii) to
such further extent as set forth in paragraphs (a) and (b) above; provided,
however, that no Option or SAR shall be exercisable

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after the expiration of the term set forth in the Option Agreement. To the
extent that such Optionee was not entitled to exercise such Option or SAR at the
date of his or her termination of employment by death or Disability as augmented
by the provisions of paragraphs (a) and (b) above or if such Option or SAR is
not exercised (to the extent it could be exercised) within the time specified
herein, the Option or SAR shall terminate.

            8.4 EXTENSION OF TIME TO EXERCISE. Notwithstanding anything to the
contrary in this Section 8, the Administrator may at any time and from time to
time prior to the termination of a Non-statutory Share Option, with the consent
of the Optionee, extend the period of time during which the Optionee may
exercise his or her Non-statutory Share Option following the date the Optionee's
ceases Continuous Services; provided, however, that (a) the maximum period of
time during which a Non-statutory Share Option shall be exercisable following
such termination date shall not exceed an aggregate of six (6) months, (b) the
Non-statutory Share Option shall not become exercisable after the expiration of
the term of such Option as set forth in the Option Agreement as a result of such
extension, and (c) notwithstanding any extension of time during which the
Non-statutory Share Option may be exercised, such Option, unless otherwise
amended by the Administrator, shall only be exercisable to the extent to which
the Optionee was entitled to exercise it on the date the Optionee ceased
Continuous Services. To the extent that such Optionee was not entitled to
exercise the Option at the date of such termination, or if such Optionee does
not exercise an Option which the Optionee was entitled to exercise within the
time specified herein, the Option shall terminate.

            8.5 NO COMPENSATION. Upon the lapse of an Option for whatsoever
reason, under no circumstances whatsoever shall an Optionee or any person
whomsoever be entitled to any compensation for or in respect of any
consequential diminution or extinction of any rights or benefits (actual or
prospective) under and/or in relation to such Option subsisting prior to such
lapse or otherwise in anyway in connection with the Plan or such Option,
including without limitation, where such lapse is by reason of termination of
the Optionee's office or employment by the Company or any Subsidiary which is a
breach of the contract of employment or otherwise, and/or whether the Optionee
has any rights against the Company or any Subsidiary for and/or in relation to
such termination.

      9.    CONDITIONS UPON ISSUANCE OF SHARES.

            9.1 NO VIOLATION OF LAW. Shares shall not be issued pursuant to a
Grant or the exercise of a Grant unless the exercise of such Grant and the
issuance and delivery of such Shares pursuant thereto shall comply with all
Applicable Laws, and the Administrator may further subject any issuance of
Shares to the approval of counsel for the Company with respect to such
compliance.

            9.2 EXECUTION OF DOCUMENTS. As a condition to the exercise of a
Grant, the Administrator may require the person exercising such Grant to execute
an investment representation statement acceptable to the Company or a share
purchase agreement acceptable to the Company, each in forms approved by the
Administrator from time to time, in addition to any other instrument the
Administrator deems necessary or advisable.

                                       12
<PAGE>

      10.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR CORPORATE TRANSACTION.

            10.1 ADJUSTMENTS UPON CHANGES IN CAPITALIZATION. Subject to any
required action by the shareholders of the Company, the number of Shares covered
by each outstanding Grant, and the number of Shares which have been authorized
for issuance under the Plan but as to which no Grants have yet been granted or
which have been returned to the Plan, the exercise or purchase price of each
such outstanding Grant, as well as any other terms that the Administrator
determines require adjustment shall be proportionately adjusted for (a) any
increase or decrease in the number of issued Shares resulting from a share
split, reverse share split, share dividend, combination or reclassification of
the Shares, or similar transaction affecting the Shares, (b) any other increase
or decrease in the number of issued Shares effected without receipt of
consideration by the Company, or (c) as the Administrator may determine in its
discretion, any other transaction with respect to Shares to which Section 424(a)
of the Code applies or a similar transaction; provided, however, that conversion
of any convertible securities of the Company shall not be deemed to have been
"effected without receipt of consideration." Such adjustment shall be made by
the Administrator and its determination shall be final, binding and conclusive.
Except as the Administrator determines, no issuance by the Company of shares of
any class, or securities convertible into shares of any class, shall affect, and
no adjustment by reason hereof shall be made with respect to, the number or
price of Shares subject to a Grant.

            10.2 CORPORATE TRANSACTION. In the event of a proposed Corporate
Transaction, subject to the actual consummation of the proposed transaction,
each outstanding Grant shall automatically become fully vested and exercisable,
unless the Grant is assumed or substituted with an equivalent option or right by
the successor corporation or the Parent or Subsidiary thereof. If the successor
corporation refuses to assume or substitute for the Grant, the Administrator
shall notify the Optionee that the Grant shall be fully vested and exercisable
with respect to all of the Shares underlying the Grant (including Shares as to
which it would not otherwise be vested or exercisable) for a period of fifteen
(15) days from the date of such notice. If the Grant thus becomes fully vested
and exercisable but is not exercised during this fifteen (15) day period, it
shall terminate immediately prior to the effective time of such Corporate
Transaction. For the purposes of this Section 10.2, the Grant shall be
considered assumed or substituted with an equivalent option or right if, in
connection with the Corporate Transaction, the Grant is replaced with a
comparable option or right with respect to shares of the successor corporation
or Parent or Subsidiary thereof or is replaced with a cash incentive program of
the successor corporation or Parent or Subsidiary thereof which preserves the
compensation element of such Grant existing at the time of the Corporate
Transaction and provides for subsequent payout in accordance with the same
vesting schedule applicable to such Grant. The determination of Grant
comparability above shall be made by the Administrator and its determination
shall be final, binding and conclusive.

            10.3 LIQUIDATION EVENT. In the event of a proposed Liquidation
Event, the Administrator shall notify each Optionee of the proposed event at
least twenty (20) days prior to the proposed effective date of the Liquidation
Event. The Administrator in its discretion may provide for an Optionee to have
the right to exercise his or her Grant until ten (10) days prior to the proposed
effective date for the Liquidation Event with respect to all Shares underlying
the Grant (including Shares as to which it would not otherwise be vested or
exercisable), subject to the actual completion of the Liquidation Event at the
time and in the manner contemplated. In

                                       13
<PAGE>

addition, the Administrator may provide that any Company repurchase option
applicable to any Shares issued upon grant or an exercise of a Grant shall lapse
as to all Shares, subject to the actual completion of the Liquidation Event at
the time and in the manner contemplated. Any unexercised Grant shall terminate
immediately prior to effective time of the Liquidation Event.

      11.   EFFECTIVE DATE AND TERM OF PLAN.

            The Plan, and any amendments to the Plan, shall become effective
upon its adoption by the Board. It shall continue in effect until the end of
2015 unless sooner terminated. Subject to Applicable Laws, Grants may be granted
under the Plan upon its becoming effective.

            Upon the effectiveness of this Plan, no additional grants of Options
shall be made under the Old Plan. Options previously issued and outstanding
pursuant to the Old Plan shall continue to be governed under the rules of the
Old Plan.

      12.   AMENDMENT, SUSPENSION OR TERMINATION OF THE PLAN.

            The Board may at any time amend, suspend or terminate the Plan. No
Grant may be granted during any suspension of the Plan or after termination of
the Plan. Any amendment, suspension or termination of the Plan (including
termination of the Plan pursuant to this Section 12) shall not affect Grants
already granted, and such Grants shall remain in full force and effect as if the
Plan had not been amended, suspended or terminated, unless mutually agreed
otherwise between the Optionee and the Administrator, which agreement must be in
writing and signed by the Optionee and the Company.

      13.   AVAILABILITY OF SHARES; NO ISSUANCE IN VIOLATION OF LAW.

            13.1 AVAILABILITY OF SHARES. The Company, during the term of the
Plan, will at all times keep available such number of unissued Shares as shall
be sufficient to satisfy the requirements of the Plan.

            13.2 NO ISSUANCE IN VIOLATION OF LAW. The inability of the Company
to obtain authority from any regulatory body having jurisdiction under
Applicable Law, which authority is deemed by the Company's counsel to be
necessary to the lawful issuance and sale of any Shares hereunder, shall relieve
the Company of any liability in respect of the failure to issue or sell such
Shares as to which such requisite authority shall not have been obtained.

      14.   NO EFFECT ON TERMS OF EMPLOYMENT/CONSULTING RELATIONSHIP.

            The Plan shall not confer upon any Optionee any right with respect
to the Optionee's Continuous Service, nor shall it interfere in any way with his
or her right or the Company's or a Related Entity's right to terminate the
Optionee's Continuous Service at any time, with or without cause.

      15.   NO EFFECT ON RETIREMENT AND OTHER BENEFIT PLANS.

            Except as specifically required by law or provided in a retirement
or other benefit plan of the Company or a Related Entity, Grants shall not be
deemed compensation for purposes

                                       14
<PAGE>

of computing benefits or contributions under any retirement plan of the Company
or a Related Entity, and shall not affect any benefits under any other benefit
plan of any kind or any benefit plan subsequently instituted under which the
availability or amount of benefits is related to level of compensation. The Plan
is not a "Retirement Plan" or "Welfare Plan" under the U.S. Employee Retirement
Income Security Act of 1974, as amended.

      16.   LIABILITY OF THE COMPANY; CONSENTS.

            16.1 QUALIFICATION AS INCENTIVE SHARE OPTION. Neither the Company
nor any Related Entity shall be liable to any Optionee or to any other person if
it is determined that an Option intended to be an Incentive Share Option granted
hereunder does not qualify as incentive share options within the meaning of
Section 422 or the Code.

            16.2 CONSENTS. Optionee shall be responsible for obtaining any
governmental or other official consent that may be required by any country or
jurisdiction in order to permit the grant or exercise of any Grant. Neither the
Company nor any Related Entity shall be responsible for any failure by an
Optionee to obtain such consent or for any tax or other liability to which an
Optionee may become subject to as a result of his or her participation in the
Plan.

                                       15EXHIBIT 10.1

              EMERGING TECHNOLOGIES INTERIM RELATIONSHIP AGREEMENT

This INTERIM  RELATIONSHIP  AGREEMENT (the "Agreement"),  is entered into on the
31st day of March, 2005 ("Effective Date") by and between GTSI CORP., a Delaware
corporation with its principal location at 3901 Stonecroft Boulevard, Chantilly,
Virginia,   20151-1010,   and  all  of  its  subsidiaries  ("GTSI"),  and  AEGIS
ASSESSMENTS, INC., a Delaware corporation doing business at 7975 N. Hayden Road,
Suite D363, Scottsdale, AZ 85258 and all of its subsidiaries ("Vendor").

In exchange for good and valuable consideration,  the receipt and sufficiency of
which is hereby acknowledged, Vendor and GTSI agree as follows:

1)   RIGHT TO RESELL.  During the term of this Agreement,  Vendor grants to GTSI
     and GTSI accepts the  non-exclusive  right to resell the products listed in
     Exhibit A ("Products").

2)   VENDOR   WARRANTY.   Vendor   warrants   that  the  Products  will  perform
     substantially in accordance with the Documentation and other specifications
     published by Vendor.

3)   REGULATORY  COMPLIANCE.  Vendor  shall  comply with the  following  Federal
     Acquisition  Regulation  (FAR)  clauses:  (i) 52.212-4  Contract  Terms and
     Conditions - Commercial Items;  (ii) 52.222-26,  Equal  Opportunity;  (iii)
     52.222-35,  Affirmative  Action for  Disabled  Veterans and Veterans of the
     Vietnam  Era;  (iv)   52.222-36,   Affirmative   Action  for  Workers  with
     Disabilities; (v) 52.225-1, Buy American Act -- Balance of Payments Program
     -- Supplies;  (vi) 52.225-2,  Buy American Act Balance of Payments  Program
     Certificate; (vii) 52.225-5, Trade Agreements; (viii) 52.249-2, Termination
     for Convenience of the Government (Fixed-Price); and (ix) 52.249-8, Default
     (Fixed-Price  Supply and Service).  For purposes of this  Agreement and any
     orders issued hereunder, the term "contract" shall mean this Agreement; the
     term "Contractor" shall mean Vendor; the term "Government" and "Contracting
     Officer" shall mean GTSI.

4)   ORDER  CANCELLATION.  GTSI may cancel without penalty or cost any order for
     which the  underlying  order by a GTSI customer has been canceled  prior to
     acceptance  and GTSI may return for a full refund and  without  penalty any
     Products  received by GTSI in connection with such order. GTSI will use its
     best efforts to notify Vendor as soon as possible upon  cancellation  of an
     order pursuant to this Paragraph 4.

5)   DELIVERY  SCHEDULE.  In the event Vendor is unable to deliver GTSI's entire
     order according to the delivery schedule, GTSI may, at its sole option, (i)
     cancel the order without penalty, or (ii) accept partial delivery, in which
     event such  delivery  shall be  separately  invoiced  and paid for. If GTSI
     accepts partial  delivery,  it may cancel the remainder of its order at any
     time at  least  five  days  prior to  Vendor's  shipment  of the  remaining
     portion.

6)   PRICING.  The  prices  for  Products  shall  be sold  for the  term of this
     Agreement  to GTSI at no higher price than the price set forth in Exhibit A
     hereto.  The stated prices and discounts on Exhibit A shall be firm. In the
     event the parties agree to extend this  Agreement  beyond the initial term,
     the  parties  may  renegotiate  the prices set forth on Exhibit A under any
     extension  granted,  unless such renegotiation is waived by both parties in
     writing.

<PAGE>

7)   CONTROLLING  TERMS  AND  CONDITIONS.  The  terms  and  conditions  of  this
     Agreement  shall  apply  to  each  order  accepted  or  shipped  by  Vendor
     hereunder.  Vendor  agrees that any terms or  conditions  contained  in any
     acknowledgment, invoice or other form issued by Vendor shall not be binding
     on GTSI to the extent that such terms and  conditions  are additional to or
     inconsistent  with those  contained in this  Agreement,  and no act of GTSI
     other than an express agreement in writing shall be deemed an acceptance of
     any such term or condition.

8)   PAYMENT TERMS.  Payment terms shall be net 45 days from receipt of Vendor's
     invoice.

9)   INDEMNIFICATION;  LIMITATION  ON  LIABILITY.  Vendor  shall,  at  its  sole
     expense,  indemnify,  defend  and hold  harmless  GTSI and its  affiliates,
     shareholders,  directors,  officers,  employees,  contractors,  agents  and
     customers  from any and all damages,  losses,  costs and claims based upon:
     (i) an  allegation  that  any  Product  or  portion  thereof  infringes  or
     constitutes wrongful use of any patent, copyright,  trademark, trade secret
     or other  proprietary  right of any third  party;  (ii)  and/or  any act or
     omission  to act by  Vendor  or its  subcontractors.  Except  for  Vendor's
     indemnification  obligations,  neither  party  shall be liable to the other
     party for consequential, incidental, indirect or special damages, including
     but not limited to lost  profits,  even if such party has been  apprised of
     the likelihood of such damages occurring.

10)  TERM.  This  Agreement  shall  commence  on the  Effective  Date and remain
     effective for a period of six months ("Initial Term"). After such six month
     period, the parties shall review the status of the Agreement and determine,
     , whether to extend the term for an additional six month period;  provided,
     however,  that if at such  time,  there is no  discernable  revenue  or any
     forecasting of revenues,  the relationship shall immediately terminate upon
     ten day written  notice.  However,  after Vendor  receives notice of GTSI's
     intent to  terminate,  should  the  Vendor  desire to remain on a  specific
     contract  vehicle,  Vendor  agrees to pay GTSI the amount of $5,000.00  per
     quarter for two consecutive  quarters for each specific  contract  vehicle.
     This fee shall be applied  against  GTSI's cost for the  maintenance of the
     Vendor's products on GTSI's contract vehicle.

11)  GOVERNING  LAW.  This  Agreement  shall be governed by and  interpreted  in
     accordance with the laws of the  Commonwealth of Virginia,  without regards
     to the conflicts of law principles thereof.

GTSI CORP.                         VENDOR: AEGIS ASSESSMENTS, INC.

By:  Todd Leto                     By:  Richard Reincke

Print Name/Title:
Vice President, GTSI Corp.         Name/Title: Richard Reincke, President
Date:  April 4, 2005               Date:  March 31, 2005

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