Document:

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                           REAL TIME STRATEGIES, INC.

                          INCENTIVE STOCK OPTION PLAN

          1.    PURPOSES OF THE PLAN. This stock option plan (the "Plan") is
designed to provide an incentive to key employees (including directors and
officers who are key employees) and to consultants, advisors and directors who
are not employees of Real Time Strategies, Inc., a New York corporation (the
"Company"), and its present and future subsidiary corporations, as defined in
Paragraph 19 ("Subsidiaries"), and to offer an additional inducement in
obtaining the services of such individuals. The Board of Directors of the
Company (the "Board of Directors") believes that the granting of stock options
under the Plan will promote (i) continuity of management, directors and other
service providers and (ii) increased incentive and personal interest in the
welfare of the Company by those who are or may become primarily responsible for
shaping and carrying out the long range plans of the Company and securing its
continued growth and financial success. The Plan provides for the grant of
"incentive stock options" ("ISOs") within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the "Code"), and nonqualified stock
options ("NQSOs"), but the Company makes no warranty as to the qualification of
any option as an "incentive stock option" under the Code.

          2.    STOCK SUBJECT TO THE PLAN. Subject to the provisions of
Paragraph 12, the aggregate number of shares of Common Stock, $.01 par value per
share, of the Company ("Common Stock") for which options may be granted under
the Plan shall not exceed 1,500,000. Such shares of Common Stock may, in the
discretion of the Board of Directors, consist either in whole or in part of
authorized but unissued shares of Common Stock or shares of Common Stock held in
the treasury of the Company. The Company shall at all times during the term of
the Plan reserve and keep available such number of shares of Common Stock as
will be sufficient to satisfy the requirements of the Plan. Subject to the
provisions of Paragraph 13, any shares of Common Stock subject to an option
which for any reason expires, is canceled or is terminated unexercised or which
ceases for any reason to be exercisable shall again become available for the
granting of options under the Plan.

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          3.    ADMINISTRATION OF THE PLAN. The Plan shall be administered by
the Board of Directors.

          Subject to the express provisions of the Plan, the Board of Directors
shall have the authority, in its sole discretion, to determine the key
employees, consultants, advisors and directors who are not employees that shall
receive options; the times when they shall receive options; whether an option
granted to an employee shall be an ISO or a NQSO; the number of shares of Common
Stock to be subject to each option; the term of each option; the date each
option shall become exercisable; whether an option shall be exercisable in
whole, in part or in installments, and, if in installments, the number of shares
of Common Stock to be subject to each installment; whether the installments
shall be cumulative; the date each installment shall become exercisable and the
term of each installment; whether to accelerate the date of exercise of any
installment; whether shares of Common Stock may be issued on exercise of an
option as partly paid, and, if so, the dates when future installments of the
exercise price shall become due and the amounts of such installments; the
exercise price of each option; the form of payment of the exercise price;
whether to restrict the sale or other disposition of the shares of Common Stock
acquired upon the exercise of an option and to waive any such restriction;
whether to subject the exercise of all or any portion of an option to the
fulfillment of contingencies as specified in the contract referred to in
Paragraph 11 (the "Contract"), including without limitation, contingencies
relating to entering into a covenant not to compete with the Company and any
Parent (as defined in Paragraph 19) and Subsidiaries, to financial objectives
for the Company, a Subsidiary, a division, a product line or other category,
and/or the period of continued relationship of the optionee with the Company or
its Subsidiaries, and to determine whether such contingencies have been met; to
determine the amount, if any, necessary to satisfy the Company's obligation to
withhold taxes or other amounts; the fair market value of a share of Common
Stock; to construe the respective Contracts and the Plan; with the consent of
the optionee, to cancel or modify an option, provided such option as modified
would be permitted to be granted on such date under the terms of the Plan; to
prescribe, amend and rescind rules and regulations relating to the Plan; and to
make all other determinations necessary or advisable for administering the Plan.
The determinations of the Board of Directors on the matters referred to in this
Paragraph 3 shall be conclusive.

          No member or former member of the Board of Directors shall be liable
for any action, failure to act or determination made in good faith with respect
to the Plan or any option hereunder. In addition, the Company shall indemnify
and hold each member and former member of the Board of Directors harmless from
and against any liability, claim for damages and expenses in connection
therewith by reason of any action, failure to act or determination made in good
faith under or in connection with the Plan or any option hereunder to the
fullest extent permitted with respect to directors under the Company's
certificate of incorporation, by-laws or applicable law.

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          4.    ELIGIBILITY. The Board of Directors may from time to time,
consistent with the purposes of the Plan, grant options to key employees
(including officers and directors who are key employees) and to consultants of
the Company or any of its Subsidiaries, and to directors of the Company who at
the time of grant of the option are not employees or consultants of the Company;
PROVIDED, HOWEVER, that no person shall be granted an option unless he agrees in
the Contract that it is his intention to remain in the service of the Company
but at the pleasure of the Company. Such options granted shall cover such number
of shares of Common Stock as the Board of Directors may determine; provided,
however, that the aggregate market value (determined at the time the option is
granted) of the shares of Common Stock for which any eligible employee may be
granted ISOs under the Plan or any other plan of the Company, or of a Parent or
a Subsidiary of the Company, which are exercisable for the first time by such
optionee during any calendar year shall not exceed $100,000. The $100,000 ISO
limitation shall be applied by taking ISOs into account in the order in which
they were granted. Any option (or the portion thereof) granted in excess of such
amount shall be treated as a NQSO.

          5.    EXERCISE PRICE. The exercise price of the shares of Common Stock
under each option shall be determined by the Board of Directors; provided,
however, that the exercise price of an ISO shall not be less than the fair
market value of the Common Stock subject to such option on the date of grant;
and further provided, that if, at the time an ISO is granted, the optionee owns
(or is deemed to own under Section 424(d) of the Code) stock possessing more
than 10% of the total combined voting power of all classes of stock of the
Company, of any of its Subsidiaries or of a Parent, the exercise price of such
ISO shall not be less than 110% of the fair market value of the Common Stock
subject to such ISO on the date of grant.

          The fair market value of a share of Common Stock on any day shall be
the book value of such share on such date as determined in accordance with
generally accepted accounting principles, consistently applied.

          6.    TERM. The term of each option granted pursuant to the Plan shall
be such term as is established by the Board of Directors, in its sole
discretion, at or before the time such option is granted; provided, however,
that the term of each ISO granted pursuant to the Plan shall be for a period not
exceeding 10 years from the date of grant thereof; and further, provided, that
if, at the time an ISO is granted, the optionee owns (or is deemed to own under
Section 424(d) of the Code) stock possessing more than 10% of the total combined
voting power of all classes of stock of the Company, of any of its Subsidiaries
or of a Parent, the term of the ISO shall be for a period not exceeding five
years from the date of grant. All options shall be subject to earlier
termination as hereinafter provided.

          7.    EXERCISE. An option (or any part or installment thereof), to the
extent vested and then exercisable, shall be exercised by giving written notice
to the Company at its principal office stating which option is being exercised,
specifying the number of shares of Common

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Stock as to which such option is being exercised and accompanied by payment in
full of the aggregate exercise price therefor (or the amount due on exercise if
the Contract with respect to an Option permits installment payments) (a) in cash
or by certified check or (b) if the Board of Directors permits, with previously
acquired shares of Common Stock having an aggregate fair market value, on the
date of exercise, equal to the aggregate exercise price of all options being
exercised, or with any combination of cash, certified check or shares of Common
Stock. In such case, the fair market value of the Common Stock shall be
determined in accordance with Paragraph 5.

          A person entitled to receive Common Stock upon the exercise of an
option shall not have the rights of a stockholder with respect to such shares of
Common Stock until the date of issuance of a stock certificate to him for such
shares; PROVIDED, HOWEVER, that until such stock certificate is issued, any
option holder using previously acquired shares of Common Stock in payment of an
option exercise price shall continue to have the rights of a stockholder with
respect to such previously acquired shares.

          In no case may a fraction of a share of Common Stock be purchased or
issued under the Plan.

          8.    TERMINATION OF RELATIONSHIP. Except as may otherwise be
expressly provided in the applicable Contract, any optionee whose relationship
with the Company (and its Parent and Subsidiaries) has terminated for any reason
other than his death or Disability (as defined in Paragraph 19) may exercise
such option, to the extent vested on the date of such termination, at any time
within 30 days after the date such option becomes exercisable in accordance with
the terms of the Contract, but not thereafter and in no event after the date the
option would otherwise have expired. Except as may otherwise be expressly
provided in the applicable Contract, options granted under the Plan shall not be
affected by any change in the relationship of the holder so long as he continues
to be an employee or a consultant or advisor of the Company, any Parent or any
of the Subsidiaries or as a director of the Company (regardless of having been
transferred from one corporation to another).

          For the purposes of the Plan, an employment relationship shall be
deemed to exist between an individual and a corporation if, at the time of the
determination, the individual was an employee of such corporation for purposes
of Section 422(a) of the Code. As a result, an individual on military, sick
leave or other bona fide leave of absence shall continue to be considered an
employee for purposes of the Plan during such leave if the period of the leave
does not exceed 90 days, or, if longer, so long as the individual's right to
reemployment with the Company (or a related corporation) is guaranteed either by
statute or by contract. If the period of leave exceeds 90 days and the
individual's right to reemployment is not guaranteed by statute or by contract,
the employment relationship shall be deemed to have terminated on the 91st day
of such leave.

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          Nothing in the Plan or in any option granted under the Plan shall
confer on any person any right to continue in the employ or as a consultant of
the Company, any Parent or any of its Subsidiaries, or as a director of the
Company, or interfere in any way with any right of the Company, any Parent or
any of its Subsidiaries to terminate the optionee's relationship at any time for
any reason whatsoever without liability to the Company, any Parent or any of its
Subsidiaries.

          9.    DEATH OR DISABILITY OF AN OPTIONEE. Except as may otherwise
be expressly provided in the applicable Contract, if an optionee dies (a)
while he is an employee, consultant or director of the Company, any Parent or
any of its Subsidiaries, his option shall become vested with respect to those
shares of Common Stock that would have become vested at the end of the year
in which the optionee's death occurs, and may be exercised, to the extent
exercisable in accordance with the terms of the Contract, by his executor,
administrator or other person at the time entitled by law to his rights under
such option, on or before the later of (i) the expiration of six months after
the date of the optionee's death and (ii) the 30th day following the date of
earliest exercisability provided in the Contract, but not thereafter and in
no event after the expiration date of the option.

          Except as may otherwise be expressly provided in the applicable
Contract, if an Optionee's relationship with the Company terminates by reason
of Disability, his option shall become vested with respect to those shares of
Common Stock that would have become vested at the end of the year in which
the Optionee's Disability occurs, and may be exercised, to the extent
exercisable in accordance with the terms of the Contract, on or before the
later of (i) the expiration of 12 months after the date of termination due to
such Disability and (ii) the 30th day following the date of earliest
exercisability provided in the Contract, but not thereafter and in no event
after the expiration date of the option.

          10.   COMPLIANCE WITH SECURITIES LAWS. The Board of Directors may
require, in its discretion, as a condition to the exercise of any option that
either (a) a Registration Statement under the Securities Act of 1933, as amended
(the "Securities Act"), with respect to the shares of Common Stock to be issued
upon such exercise shall be effective and current at the time of exercise, or
(b) there is an exemption from registration under the Securities Act for the
issuance of shares of Common Stock upon such exercise. Nothing herein shall be
construed as requiring the Company to register under the Securities Act the
shares subject to any option.

          The Board of Directors may require the optionee to execute and deliver
to the Company his representations and warranties, in form and substance
satisfactory to the Board of Directors, that (a) the shares of Common Stock to
be issued upon the exercise of the option are being acquired by the optionee for
his own account, for investment only and not with a view to the resale or
distribution thereof, and (b) any subsequent resale or distribution of shares of
Common Stock by such optionee will be made only pursuant to (i) a Registration
Statement under the Securities Act which is effective and current with respect
to the shares of Common

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Stock being sold, or (ii) a specific exemption from the registration
requirements of the Securities Act, but in claiming such exemption, the optionee
shall, prior to any offer of sale or sale of such shares of Common Stock,
provide the Company with a favorable written opinion of counsel, in form and
substance satisfactory to the Company, as to the applicability of such exemption
to the proposed sale or distribution.

          In addition, if at any time the Board of Directors shall determine in
its discretion that the listing or qualification of the shares of Common Stock
subject to such option on any securities exchange or under any applicable law,
or the consent or approval of any governmental regulatory body, is necessary or
desirable as a condition to, or in connection with, the granting of an option or
the issue of shares of Common Stock thereunder, such option may not be exercised
in whole or in part unless such listing, qualification, consent or approval
shall have been effected or obtained free of any conditions not acceptable to
the Committee.

          11.   STOCK OPTION CONTRACTS. Each option shall be evidenced by an
appropriate Contract which shall be duly executed by the Company and the
optionee, and shall contain such terms and conditions not inconsistent herewith
as may be determined by the Board of Directors.

          12.   ADJUSTMENTS UPON CHANGES IN COMMON STOCK. Notwithstanding any
other provision of the Plan, in the event of any change in the outstanding
Common Stock by reason of a stock dividend, recapitalization, merger in which
the Company is the surviving corporation, split-up, combination or exchange of
shares or the like, the aggregate number and kind of shares subject to the Plan,
the aggregate number and kind of shares subject to each outstanding option and
the exercise price thereof, shall be appropriately adjusted by the Board of
Directors, whose determination shall be conclusive.

          In the event that the outstanding shares of the Common Stock shall be
changed into or exchanged for a different number or kind of shares of stock or
other securities of the Company or of another corporation, whether through
reorganization, recapitalization, stock split-up, combination of shares, sale of
assets, merger or consolidation, then, there shall be substituted for each share
of the Common Stock then subject to any option and for each share reserved for
issuance in accordance with the provisions of the Plan but not yet covered by an
option, the number and kind of shares of stock or other securities into which
each outstanding share of the Common Stock shall be so changed or for which each
such share shall be exchanged. In the event that there shall be any change,
other than as specified in this Paragraph 12, in the number or kind of
outstanding shares of the Common Stock, or of any stock or other securities into
which the Common Stock shall have been changed, or for which it shall have been
exchanged, then, if the Board of Directors shall, in its sole discretion,
determine that such change equitably requires an adjustment in the number or
kind of shares then subject to any option and the number or kind of shares
reserved for issuance in accordance with the provisions of the Plan but not yet
covered by an option, such adjustment shall be made by the Board of

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Directors and shall be effective and binding for all purposes of the Plan and of
each Contract entered into in accordance with the provisions of the Plan.

          Notwithstanding the foregoing, in the event that the Company is merged
or consolidated with another corporation and, whether or not the Company shall
be the surviving corporation, there shall be any change in the shares of Common
Stock by reason of such merger or consolidation, or in the event that all or
substantially all of the assets of the Company are acquired by another person,
or in the event of a reorganization or liquidation of the Company (each such
event being hereinafter referred to as a "Reorganization Event"), then the Board
of Directors may in its discretion, by written notice to the optionee, provide
that his options will be terminated unless exercised within 30 days (or such
longer period as the Board of Directors shall determine in its sole discretion)
after the date of such notice; PROVIDED, HOWEVER, that if the Board of Directors
takes such action the Board of Directors also shall accelerate the dates upon
which all outstanding options of such optionee shall be exercisable.

          The grant of options under the Plan shall not affect in any way the
right or power of the Company or its shareholders to make or authorize any or
all adjustments, recapitalizations, reorganizations or other changes in the
Company's capital structure or its business or any merger or consolidation of
the Company, or any issue of bonds, debentures, preferred or prior preference
stock ahead of or affecting the Common Stock or the rights thereof or
dissolution or liquidation of the Company or any sale or transfer of all or any
part of its assets or business, or any other corporate act or proceeding,
whether of a similar character or otherwise.

          13.  AMENDMENTS AND TERMINATION OF THE PLAN. The Plan was adopted by
the Board of Directors and approved by the stockholders of the Company as of
December 30, 1997. No option may be granted under the Plan after December 29,
2007. The Board of Directors, without further approval of the Company's
stockholders, may at any time suspend or terminate the Plan, in whole or in
part, or amend it from time to time in such respects as it may deem advisable,
including, without limitation, in order that ISOs granted hereunder meet the
requirements for "incentive stock options" under the Code and to conform to any
change in applicable law or to regulations or rulings of administrative
agencies; provided, however, that no amendment shall be effective without the
requisite prior or subsequent stockholder approval which would (a) except as
contemplated in Paragraph 12, increase the maximum number of shares of Common
Stock for which options may be granted under the Plan, (b) materially increase
the benefits to participants under the Plan or (c) change the eligibility
requirements to receive options hereunder. No termination, suspension or
amendment of the Plan shall, without the consent of the holder of an existing
option affected thereby, adversely affect his rights under such option. The
power of the Board of Directors to construe and administer any options granted
under the Plan prior to the termination or suspension of the Plan nevertheless
shall continue after such termination or during such suspension.

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          14.  NON-TRANSFERABILITY OF OPTIONS. No option granted under the Plan
shall be transferable otherwise than by will or the laws of descent and
distribution, and options may be exercised, during the lifetime of the holder
thereof, only by him or his legal representatives. Except to the extent provided
above, options may not be assigned, transferred, pledged, hypothecated or
disposed of in any way (whether by operation of law or otherwise) and shall not
be subject to execution, attachment or similar process.

          15.  WITHHOLDING TAXES. The Company may withhold cash and/or shares of
Common Stock to be issued with respect thereto having an aggregate fair market
value equal to the amount which it determines is necessary to satisfy its
obligation to withhold Federal, state and local income taxes or other amounts
incurred by reason of the grant or exercise of an option, its disposition, or
the disposition of the underlying shares of Common Stock. Alternatively, the
Company may require the holder to pay to the Company such amount, in cash,
promptly upon demand. The Company shall not be required to issue any shares of
Common Stock pursuant to any such option until all required payments have been
made. Fair market value of the shares of Common Stock shall be determined in
accordance with Paragraph 5.

          16.  LEGENDS; PAYMENT OF EXPENSES. The Company may endorse such legend
or legends upon the certificates for shares of Common Stock issued upon exercise
of an option under the Plan and may issue such "stop transfer" instructions to
its transfer agent in respect of such shares as it determines, in its
discretion, to be necessary or appropriate to (a) prevent a violation of, or to
perfect an exemption from, the registration requirements of the Securities Act,
(b) implement the provisions of the Plan or any agreement between the Company
and the optionee with respect to such shares of Common Stock, or (c) permit the
Company to determine the occurrence of a "disqualifying disposition," as
described in Section 421(b) of the Code, of the shares of Common Stock
transferred upon the exercise of an ISO granted under the Plan.

          The Company shall pay all issuance taxes with respect to the issuance
of shares of Common Stock upon the exercise of an option granted under the Plan,
as well as all fees and expenses incurred by the Company in connection with such
issuance.

          17.  USE OF PROCEEDS. The cash proceeds from the sale of shares of
Common Stock pursuant to the exercise of options under the Plan shall be added
to the general funds of the Company and used for corporate purposes.

          18.  SUBSTITUTIONS AND ASSUMPTIONS OF OPTIONS OF CERTAIN CONSTITUENT
CORPORATIONS. Anything in this Plan to the contrary notwithstanding, the Board
of Directors may, without further approval by the stockholders, substitute new

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options for prior options of a Constituent Corporation (as defined in
Paragraph 19) or assume the prior options of such Constituent Corporation.

          19.  DEFINITIONS.

                 (a)   Subsidiary. The term "Subsidiary" shall have the same
definition as "subsidiary corporation" in Section 424(f) of the Code.

                 (b)   Parent. The term "Parent" shall have the same definition
as "parent corporation" in Section 424(e) of the Code.

                 (c)   Constituent Corporation. The term "Constituent
Corporation" shall mean any corporation which engages with the Company, its
Parent or any Subsidiary in a transaction to which Section 424(a) of the Code
applies (or would apply if the option assumed or substituted were an ISO), or
any Parent or any Subsidiary of such corporation.

                 (d)   Disability. The term "Disability" shall mean a permanent
and total disability within the meaning of Section 22(e)(3) of the Code.

          20.  GOVERNING LAW. The Plan, such options as may be granted hereunder
and all related matters shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to conflict of law provisions.

          21.  PARTIAL INVALIDITY. The invalidity or illegality of any provision
herein shall not affect the validity of any other provision.

          22.  NON-UNIFORM DETERMINATIONS. The Board of Directors'
determinations under the Plan (including, without limitation, determinations of
persons to receive awards, the form, amount and timing of such awards, the terms
and provisions of such awards and the agreements evidencing same) need not be
uniform and may be made by it selectively among persons who receive, or are
eligible to receive, options under the Plan, whether or not such persons are
similarly situated.

The Board of Directors
  Real Time Strategies, Inc.

                                      -9-<PAGE>

                      INCENTIVE STOCK OPTION PLAN CONTRACT

          THIS INCENTIVE STOCK OPTION CONTRACT entered into as of the [DATE] day
of [DATE], between Real Time Strategies, Inc., a New York corporation
(the "Company"), and [INSERT NAME OF OPTIONEE] (the "Optionee").

                              W I T N E S S E T H:

          1.    The Company, in accordance with the allotment made by the Board
of Directors of the Company (the "Board of Directors") and subject to the terms
and conditions of the 1997 Stock Option Plan of the Company (the "Plan"), grants
as of the date hereof to the Optionee an option to purchase an aggregate of
________ shares of the Common Stock, $.01 par value per share, of the Company
("Common Stock") at $     per share, being at least equal to the fair market
value of such shares of Common Stock on the date hereof. This option is intended
to constitute an incentive stock option within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the "Code").

          2.    The term of this option shall be ten (10) years from the date
hereof, subject to earlier termination as provided in the Plan.

          3.    This option shall become vested with respect to    % of the
shares of Common Stock subject thereto on each of the [ANNIVERSARY DATES] of
the date of grant.

          4.    To the extent vested, an option shall become exercisable on the
later of (i) the two-year anniversary of the date the Optionee commenced
employment or service with the Company or (ii) December 30, 2002; PROVIDED,
HOWEVER, that such vested options shall become immediately exercisable in
full upon the later (a) the two-year anniversary of the date the Optionee
commenced employment or service with the Company or (b) the Company's
completion of an IPO or upon its otherwise becoming a public company. The
right to purchase shares of Common Stock under this option shall be
cumulative, so that if the full number of shares purchasable in a period
shall not be purchased, the balance may be purchased at any time or from time
to time thereafter, but not after the expiration of the option as provided in
the Plan. Notwithstanding the foregoing, in no event may a fraction of a
share of Common Stock be purchased under this option.

<PAGE>

          5.    This option shall be exercised by giving written notice to the
Company at its principal office, presently 51 Bethpage Road, Plainview, New
York, Attn.: Secretary of the Company, stating that the Optionee is exercising
this incentive stock option, specifying the number of shares being purchased and
accompanied by payment in full of the aggregate purchase price therefor (a) in
cash or by certified check, (b) if the Board of Directors permits, with
previously acquired shares of Common Stock which have been held by the Optionee
for at least six months, or (c) a combination of the foregoing. Such shares,
upon payment of the purchase price, shall be fully paid and nonassessable and
the holders of such shares will not be subject to personal liability by reason
of being such holders, except for personal liability, if any, imposed by Section
630 of the New York Business Corporation Law.

          6.    Notwithstanding the foregoing, this option shall not be
exercisable by the Optionee unless (a) a Registration Statement under the
Securities Act of 1933, as amended (the "Securities Act") with respect to the
shares of Common Stock to be received upon the exercise of the option shall be
effective and current at the time of exercise or (b) there is an exemption from
registration under the Securities Act for the issuance of the shares of Common
Stock upon exercise. The Optionee hereby represents and warrants to the Company,
that (i) the shares of Common Stock to be issued upon the exercise of this
option are being acquired by the Optionee for his own account, for investment
only and not with a view to the resale or distribution thereof, and (ii) any
subsequent resale or distribution of shares of Common Stock by him will be made
only pursuant to (x) a Registration Statement under the Securities Act which is
effective and current with respect to the shares of Common Stock being sold, or
(y) a specific exemption from the registration requirements of the Securities
Act, but in claiming such exemption, the Optionee shall, prior to any offer of
sale or sale of such shares of Common Stock, provide the Company with a
favorable written opinion of counsel, in form and substance satisfactory to the
Company, as to the applicability of such exemption to the proposed sale or
distribution. Such representations and warranties shall also be deemed to be
made by the Optionee upon each exercise of this option. Nothing herein shall be
construed as requiring the Company to register the shares subject to this option
under the Securities Act.

          7.    Notwithstanding anything herein to the contrary, if at any time
the Board of Directors shall determine in its discretion that the listing or
qualification of the shares of Common Stock subject to this option on any
securities exchange or under any applicable law, or the consent or approval of
any governmental regulatory body, is necessary or desirable as a condition of,
or in connection with, the granting of an option, or the issue of shares of
Common Stock thereunder, this option may not be exercised in whole or in part
unless such listing, qualification, consent or approval shall have been effected
or obtained free of any conditions not acceptable to the Board of Directors.

          8.    The Optionee hereby represents that it is his intention to
remain in the employ or service of the Company; PROVIDED, HOWEVER, that nothing
in the Plan or herein shall confer upon the Optionee any right to continue in
the employ of the Company, any Parent or any of its Subsidiaries, or interfere
in any way with any right of the Company, any Parent or its Subsidiaries

                                      -2-
<PAGE>

to terminate such employment at any time for any reason whatsoever without
liability to the Company, any Parent or any of its Subsidiaries.

          9.    The Company may affix appropriate legends upon the certificates
for shares of Common Stock issued upon exercise of this option and may issue
such "stop transfer" instructions to its transfer agent in respect of such
shares as it determines, in its discretion, to be necessary or appropriate to
(a) prevent a violation of, or to perfect an exemption from, the registration
requirements of the Securities Act, (b) implement the provisions of the Plan or
any agreement between the Company and the Optionee with respect to such shares
of Common Stock, or (c) permit the Company to determine the occurrence of a
"disqualifying disposition," as described in section 421(b) of the Code, of the
shares of Common Stock transferred upon the exercise of this option. Such
legend, if required, shall be substantially in the form as follows:

          "The shares represented by this certificate have not been registered
          under the Securities Act of 1933.  They may not be sold or transferred
          in the absence of an effective registration statement for the shares
          under the Securities Act of 1933, or an opinion of counsel for the
          Corporation that registration is not required under said Act."

          10.   The Company may withhold cash and/or shares of Common Stock to
be issued to the Optionee in the amount which the Company determines is
necessary to satisfy its obligation to withhold taxes or other amounts incurred
by reason of the grant or exercise of this option, its disposition or the
disposition of the underlying shares of Common Stock. Alternatively, the Company
may require the Optionee to pay the Company such amount in cash promptly upon
demand.

          11.   In the event of any disposition of the shares of Common Stock
acquired pursuant to the exercise of this option within two years from the date
hereof or one year from the date of transfer of such shares to him, the Optionee
shall notify the Company thereof in writing within 30 days after such
disposition. In addition, the Optionee shall provide the Company on demand with
such information as the Company shall reasonably request in connection with
determining the amount and character of the Optionee's income, the Company's
deduction and its obligation to withhold taxes or other amount incurred by
reason of such disqualifying disposition, including the amount thereof. The
Optionee shall pay the Company in cash on demand the amount, if any, which the
Company determines is necessary to satisfy such withholding obligation.

          12.   The Company and the Optionee agree that they will both be
subject to and bound by all of the terms and conditions of the Plan, a copy of
which is attached hereto and made a part hereof. Any capitalized term not
defined herein shall have the meaning ascribed to it in the Plan. In the event
of a conflict between the terms of this Contract and the terms of the Plan, the
terms of the Plan shall govern. As a condition to the granting of this option,
the Optionee agrees, for himself and his personal representatives, that any
dispute or disagreement which may arise under or as a result of or pursuant to
this Contract shall be determined by the Board of Directors, in its sole

                                      -3-
<PAGE>

discretion, and that any interpretations by the Board of Directors of the terms
of this Contract shall be final, binding and conclusive.

          13. The Optionee represents and agrees that he will enter into and
sign a non-compete covenant with the Company promising not to compete with
the Company and any Parent (as defined in Paragraph 19) and Subsidiaries.

          14.   The Optionee represents and agrees that he will comply with all
applicable laws relating to the Plan and the grant and exercise of the option
and the disposition of the shares of Common Stock acquired upon exercise of the
option, including without limitation, federal and state securities and "blue
sky" laws.

          15.   This option is not transferable otherwise than by will or the
laws of descent and distribution and may be exercised, during the lifetime of
the Optionee, only by him or his legal representatives. In the event of the
death of the Optionee, a condition of exercising this option shall be the
delivery to the Company of such tax waivers and other documents as the Board of
Directors shall determine.

          16.   This Contract shall be binding upon and inure to the benefit of
any successor or assign of the Company and to any heir, distributee, executor,
administrator or legal representative entitled by law to the Optionee's rights
hereunder.

          17.   This Contract shall be governed by, and construed and enforced
in accordance with, the laws of the State of New York, without regard to the
conflicts of law rules thereof.

          18.   The invalidity or illegality of any provision herein shall not
affect the validity of any other provision.

          19.   The Optionee agrees that the Company may amend the Plan and the
options granted to the Optionee under the Plan, subject to the limitations
contained in the Plan.

          20.   This Contract is binding on the parties and their respective
successors, heirs, legal representatives and permitted assigns.

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

                                   REAL TIME STRATEGIES, INC.

                                   By:
                                      ----------------------------------

                                   -------------------------------------
                                       [INSERT NAME OF OPTIONEE]

                                      -4-
<PAGE>

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

                                                            ------------
                                                (Address)

                                      -5-

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