Document:

<PAGE>

                                                                    EXHIBIT 10.1

                             OAKHURST CAPITAL, INC.

                             1994 OMNIBUS STOCK PLAN

1. PURPOSE.

This Oakhurst Capital, Inc. 1994 Omnibus Stock Plan (the "PLAN") is intended to
provide incentives (a) to the officers and other employees of Oakhurst Capital,
Inc. (the "COMPANY"), its parent (if any) and any present or future subsidiaries
of the Company (collectively, "RELATED CORPORATIONS") by providing them with
opportunities to purchase stock in the Company pursuant to options which qualify
as "incentive stock options" under Section 422 of the Internal Revenue Code of
1986, as amended (the "CODE"), granted hereunder ("ISO" or "ISOS"); (b) to
directors, officers, employees and consultants of the Company and Related
Corporations by providing them with opportunities to purchase stock in the
Company pursuant to options granted hereunder which do not qualify as ISOs
("NON-QUALIFIED OPTION" or "NON-QUALIFIED Options"); and (c) to directors,
officers, employees and consultants of the Company and Related Corporations by
providing them with opportunities to make direct purchases of stock and
restricted stock in the Company ("RESTRICTED STOCK"). Both ISOs and
Non-Qualified Options are referred to hereafter individually as an "OPTION" and
collectively as "OPTIONS". As used herein, the terms "parent" and "subsidiary"
mean "parent corporation" and "subsidiary corporation" as those terms are
defined in Section 425 of the Code.

2. ADMINISTRATION OF THE PLAN.

(a) The Plan shall be administered by the Stock Plans Committee (the
      "COMMITTEE") of the Board of Directors of the Company (the "BOARD") which
      committee shall consist of at least two directors, each of whom shall be a
      "disinterested person" as defined in Rule 16b-3 under the Exchange Act.
      Subject to ratification of the grant of each Option or award of stock by
      the Board (if so required by applicable state law), and subject to the
      terms of the Plan, the Committee, shall have the authority (i) to
      determine the employees of the Company and Related Corporations (from
      among the class of employees eligible under Paragraph 3 to receive ISOs)
      to whom ISOs may be granted, and to determine (from among the class of
      individuals and entities eligible under Paragraph 3 to receive
      Non-Qualified Options and Restricted Stock) to whom Non-Qualified Options
      or Restricted Stock may be granted; (ii) to determine the time or times at
      which Options or Restricted Stock may be granted; (iii) to determine the
      option price of shares subject to each Option, which price shall not be
      less than the minimum specified in Paragraph 6, and the purchase price of
      Restricted Stock; (iv) to determine whether each Option granted shall be
      an ISO or a Non-Qualified Option; (v) to determine (subject to Paragraph
      7) the time or times when each Option shall become exercisable and the
      duration of the exercise period; (vi) to determine whether restrictions,
      such as repurchase options, are to be imposed on shares subject to Options
      and Restricted Stock, and the nature of such restrictions, if any; and
      (vii) to interpret the Plan and prescribe and rescind rules and
      regulations relating to it. In the case of Restricted Stock subject to
      restrictions that lapse over time, the minimum period of such restriction
      must be three years, but if the restrictions lapse upon the achievement of
      a performance goal no such limitation shall apply. If the Committee
      determines to issue a Non-Qualified Option, it shall take whatever actions
      it deems necessary, under Section 422 of the Code and the regulations
      promulgated thereunder, to ensure that such Option is not treated as an
      ISO. The interpretation and construction by the Committee of any
      provisions of the Plan or of any Option or authorization or agreement for
      Restricted Stock granted under it shall be final unless otherwise
      determined by the Board. The Committee may from time to time adopt such
      rules and

Rev. Jan. 13, 1998                                                   Page 1 of 9

<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

      regulations for carrying out the Plan as it may deem best. No member of
      the Board or the Committee shall be liable for any action or determination
      made in good faith with respect to the Plan or any Option or Restricted
      Stock granted under it.

(b) The Committee may select one of its members as its chairman, and shall hold
      meetings at such time and places as it may determine. Acts by a majority
      of the Committee, or acts reduced to or approved in writing by a majority
      of the members of the Committee, shall be the valid acts of the Committee.
      All references in the Plan to the Committee shall mean the Board if there
      is no Committee so appointed. From time to time the Board may increase the
      size of the Committee and appoint additional members thereof, remove
      members (with or without cause), and appoint new members in substitution
      therefor, fill vacancies however caused, or remove all members of the
      Committee and thereafter directly administer the Plan.

3. ELIGIBLE EMPLOYEES AND OTHERS.

ISOs may be granted to any officer or other employee of the Company or any
Related Corporation. Those directors of the Company who are not employees may
not be granted ISOs under the Plan. Non-Qualified Options and Restricted Stock
may be granted to any director (whether or not an employee), officer, employee
or consultant of the Company or any Related Corporation. The Committee may take
into consideration an optionee's individual circumstances in determining whether
to grant an ISO or a Non-Qualified Option or Restricted Stock. Granting of any
Option or Restricted Stock to any individual or entity shall neither entitle
that individual or entity to, nor disqualify him from, participation in any
other grant of Options or Restricted Stock.

4. STOCK.

The stock subject to Options and Restricted Stock shall be authorized but
unissued shares of Common Stock of the Company, par value $.01 per share (the
"COMMON STOCK"), or shares of Common Stock re-acquired by the Company in any
manner. The aggregate number of shares which may be issued pursuant to the Plan
is 950,000, subject to adjustment as provided in Paragraph 13. Any such shares
may be issued as ISOs, Non-Qualified Options or Restricted Stock so long as the
aggregate number of shares so issued does not exceed such number, as adjusted.
If any Option granted under the Plan shall expire or terminate for any reason
without having been exercised in full or shall cease for any reason to be
exercisable in whole or in part, or if any Restricted Stock shall be reacquired
by the Company by exercise of its repurchase option, the shares subject to such
expired or terminated Option and reacquired shares of Restricted Stock shall
again be available for grants of Options or Restricted Stock under the Plan.

5. GRANTS UNDER THE PLAN.

Options or Restricted Stock may be granted under the Plan at any time on or
after April 29, 1994 and prior to the close of business on April 29, 2004. Any
such grants of ISOs shall be subject to the receipt, within 12 months of April
29, 1994, of the approval of Stockholders as provided in Paragraph 17. The date
of grant of an Option under the Plan will be the date specified by the Committee
at the time it awards the Option; provided, however, that such date shall not be
prior to the date of award. The Committee shall have the right, with the consent
of the optionee, to convert an ISO granted under the Plan to a Non-Qualified
Option pursuant to Paragraph 15.

Rev. Jan. 13, 1998                                                   Page 2 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

6. MINIMUM OPTION PRICE: ISO LIMITATIONS.

(a) The price per share specified in the agreement relating to each option
      granted under the Plan shall not be less than the fair market value per
      share of Common Stock on the date of such grant. In the case of an ISO to
      be granted to an employee owning stock possessing more than ten percent of
      the total combined voting power of all classes of stock of the Company or
      any Related Corporation, the price per share specified in the agreement
      relating to such ISO shall not be less than 110 percent of the fair market
      value of Common Stock on the date of grant.

(b) In no event shall the aggregate fair market value (determined at the time
      the option is granted) of Common Stock for which ISOs granted to any
      employee are exercisable for the first time by such employee during any
      calendar year (under all stock option plans of the Company and any Related
      Corporation) exceed $100,000.

(c) If, at the time an Option is granted under the Plan, the Company's Common
      Stock is publicly traded, "fair market value" shall be determined on the
      date of grant and shall mean (i) the average (on that date) of the high
      and low prices of the Common Stock on the principal national securities
      exchange on which the Common Stock is traded, if such stock is then traded
      on a national securities exchange; or (ii) the last reported sale price
      (on that date) of the Common Stock on the Nasdaq National Market System or
      Small Cap Market, if the Common Stock is not then traded on a national
      securities exchange; or (iii) the closing bid price (or average of bid
      prices) last quoted (on that date) by an established quotation service for
      over-the-counter securities, if the Common Stock is not reported on the
      Nasdaq National Market System, the Nasdaq Small Cap Market or on a
      national securities exchange. However, if the Common Stock is not publicly
      traded at the time an Option is granted under the Plan, "fair market
      value" shall be deemed to be the fair value of the Common Stock as
      determined by the Committee after taking into consideration all factors
      which it deems appropriate, including, without limitation, recent sale and
      offer prices of the Common Stock in private transactions negotiated at
      arm's length.

7. OPTION DURATION.

Subject to earlier termination as provided in Paragraphs 9 and 10, each Option
shall expire on the date specified by the Committee, but not more than ten years
from the date of grant and in the case of ISOs granted to an employee owning
stock possessing more than ten percent of the total combined voting power of all
classes of stock of the Company or any Related Corporation, not more than five
years from date of grant. Subject to earlier termination as provided in
Paragraphs 9 and 10, the term of each ISO shall be the term set forth in the
original instrument granting such ISO, except with respect to any part of such
ISO that is converted into a Non-Qualified Option pursuant to Paragraph 15.

8. EXERCISE OF OPTIONS.

Subject to the provisions of Paragraphs 9 through 12, each Option granted under
the Plan shall be exercisable as follows:

(a) The Option shall either be fully exercisable on the date of grant or shall
      become exercisable in such installments as the Committee may specify.

Rev. Jan. 13, 1998                                                   Page 3 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

(b) Once an installment becomes exercisable it shall remain exercisable until
      expiration or termination of the Option, unless otherwise specified by the
      Committee.

(c) Each Option or installment may be exercised at any time or from time to
      time, in whole or in part, for up to the total number of shares with
      respect to which it is then exercisable.

(d) The Committee shall have the right to accelerate the date of exercise of
      any installment; provided that the Committee shall not accelerate the
      exercise date of any installment of any Option granted to any employee as
      an ISO (and not previously converted into a Non-Qualified Option pursuant
      to Paragraph 15) if such acceleration would violate the annual vesting
      limitation contained in Section 422(d) of the Code which provides
      generally that the aggregate fair market value (determined at the time the
      option is granted) of the stock with respect to which ISOs granted to any
      employee are exercisable for the first time by such employee during any
      calendar year (under all plans of the Company and any Related Corporation)
      shall not exceed $100,000.

9. TERMINATION OF EMPLOYMENT.

If an ISO optionee ceases to be employed by the Company or any Related
Corporation other than by reason of death or disability as provided in Paragraph
10, no further installments of his ISOs shall become exercisable, and his ISOs
shall terminate no later than after the passage of 60 days from the date of
termination of his employment, but in no event later than on their specified
expiration dates, provided however, that to the extent that such ISOs (or
unexercised installments thereof) are or have been converted into Non-Qualified
Options pursuant to Paragraph 15, the Committee or an employment agreement
relating to such optionee may provided for their continuation after termination
of employment. Leave of absence with the written approval of the Committee shall
not be considered an interruption of employment under the Plan, provided that
such written approval contractually obligates the Company or any Related
Corporation to continue the employment of the employee after the approved period
of absence. Employment shall also be considered as continuing uninterrupted
during any other bona fide leave of absence (such as those attributable to
illness, military obligations or governmental service) provided that the period
of such leave does not exceed 90 days or, if longer, any period during which
such optionee's right to reemployment is guaranteed by statute. Nothing in the
Plan shall be deemed to give any grantee of any Option or Restricted Stock the
right to be retained in employment or other service by the Company or any
Related Corporation for any period of time. ISOs granted under the Plan shall
not be affected by any change of employment within or among the Company and
Related Corporations, so long as the optionee continues to be an employee of the
Company or any Related Corporation. In granting any Option, the Committee may
specify that it shall be subject to such termination or cancellation provisions
as the Committee may determine, provided that in the case of ISOs such
provisions do not conflict with the requirements for qualification as an ISO.

10. DEATH; DISABILITY; DISSOLUTION.

(a) If an optionee ceases to be employed by the Company and all Related
      Corporations by reason of his death, any ISO of his may be exercised, to
      the extent of the number of shares with respect to which he could have
      exercised it on the date of his death, by his estate, personal
      representative or beneficiary who has acquired the Option by will or by
      the laws of descent and distribution, at any time prior to the earlier of
      the Option's specified expiration date or 180 days from the date of the
      optionee's death. The Committee may make such other or different
      provisions regarding ISOs that have been

Rev. Jan. 13, 1998                                                   Page 4 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

      converted to Non-Qualified Options or that were originally issued as
      Non-Qualified Options as it may determine.

(b) If an optionee ceases to be employed by the Company and all Related
      Corporations by reason of his disability, he shall have the right to
      exercise any Option held by him on the date of termination of employment,
      to the extent of the number of shares with respect to which he could have
      exercised it on that date, at any time prior to the earlier of the
      Option's specified expiration date or 180 days from the date of the
      termination of the optionee's employment. The Committee may make such
      other or different provisions regarding ISOs that have been converted to
      Non-Qualified Options or that were originally issued as Non-Qualified
      Options as it may determine. For the purposes of the Plan, the term
      "disability" shall have the meaning assigned to it in Section 22(e)(3) of
      the Code or any successor statute.

(c) In the case of a partnership, corporation or other entity holding a
      Non-Qualified Option, if such entity is dissolved, liquidated, becomes
      insolvent or enters into a merger or acquisition with respect to which
      such optionee is not the surviving entity, such Option shall terminate
      immediately.

11. ASSIGNABILITY.

No Option shall be assignable or transferable by the optionee except by will or
by the laws of descent and distribution, and during the lifetime of the Optionee
each Option shall be exercisable only by him.

12. TERMS AND CONDITIONS OF OPTIONS.

Options shall be evidenced by instruments (which need not be identical) in such
forms as the Committee may from time to time approve. Such instruments shall
conform to the terms and conditions set forth in Paragraphs 6 through 11 hereof
and may contain such other provisions as the Committee deems advisable which are
not inconsistent with the Plan, including transfer and repurchase restrictions
applicable to shares of Common Stock issuable upon exercise of Options. The
Committee may from time to time confer authority and responsibility on one or
more of its own members and/or one or more officers of the Company to execute
and deliver such instruments. The proper officers of the Company are authorized
and directed to take any and all action necessary or advisable from time to time
to carry out the terms of such instruments.

13. ADJUSTMENTS.

Upon the happening of any of the following described events, an optionee's
rights with respect to Options granted to him hereunder shall be adjusted as
hereinafter provided:

(a) In the event shares of Common Stock shall be sub-divided or combined into
      a greater or smaller number of shares or if, upon a merger, consolidation,
      reorganization, split-up, liquidation, combination, recapitalization or
      the like of the Company, the shares of Common Stock shall be exchanged for
      other securities of the Company or of another corporation, each optionee
      shall be entitled, subject to the conditions herein stated, to purchase
      such number of shares of common stock or amount of other securities of the
      Company or such other corporation as were exchangeable for the number of
      shares of Common Stock which such optionee would have been entitled to
      purchase except for

Rev. Jan. 13, 1998                                                   Page 5 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

      such action, and appropriate adjustments shall be made in the purchase
      price per share to reflect such subdivision, combination, or exchange.

(b) In the event the Company shall issue any of its shares as a stock dividend
      upon or with respect to the shares of stock of the class which shall at
      the time be subject to option hereunder, each optionee upon exercising an
      Option shall be entitled to receive (for the purchase price paid upon such
      exercise) the shares as to which he is exercising his Option and, in
      addition thereto (at no additional cost), such number of shares of the
      class or classes in which such stock dividend or dividends were declared
      or paid, and such amount of cash in lieu of a fractional share, as he
      would have received if he had been the holder of the shares as to which he
      is exercising his Option at all times between the date of grant of such
      Option and the date of its exercise.

(c) Notwithstanding the foregoing, any adjustments made pursuant to
      subparagraph (a) or (b) shall be made only after the Committee, after
      consulting with counsel for the Company, determines whether such
      adjustments with respect to ISOs will constitute a "modification" of such
      ISOs as that term is defined in Section 425 of the Code, or cause any
      adverse tax consequences for the holders of such ISOs. No adjustments
      shall be made for dividends paid in cash or in property other than
      securities of the Company.

(d) No fractional shares shall actually be issued under the Plan. Any
      fractional share which, but for this subparagraph (d), would have been
      issued to an optionee pursuant to an Option, shall be deemed to have been
      issued and immediately sold to the Company for its fair market value, and
      the optionee shall receive from the Company cash in lieu of such
      fractional share.

(e) Upon the happening of any of the foregoing events described in
      subparagraphs (a) or (b) above, the class and aggregate number of shares
      set forth in Paragraph 4 hereof which are subject to Options which
      previously have been or subsequently may be granted under the Plan shall
      also be appropriately adjusted to reflect the events specified in such
      subparagraphs. The Committee shall determine the specific adjustments to
      be made under this Paragraph 13, and subject to Paragraph 2, its
      determination shall be conclusive.

14. MEANS OF EXERCISING OPTIONS.

An Option (or any part or installment thereof) shall be exercised by giving
written notice to the Company at its principal office address. Such notice shall
identify the Option being exercised (by grant date) and specify the number of
shares as to which such Option is being exercised, accompanied by full payment
of the purchase price therefor either (i) in United States dollars in cash or by
check, or (ii) at the discretion of the Committee, through delivery of shares of
Common Stock having fair market value equal as of the date of the exercise to
the cash exercise price of the Option, or (iii) at the discretion of the
Committee, by delivery of the optionee's personal recourse note bearing interest
payable not less frequently than annually at no less than the lowest applicable
federal rate, as defined in Section 1274(d) of the Code, or (iv) at the
discretion of the Committee, by any combination of (i), (ii) and (iii) above. If
the Committee exercises its discretion to permit payment of the exercise price
of an ISO by means of the methods set forth in clauses (ii) or (iii) of the
preceding sentence, such discretion shall be exercised in writing at the time of
the grant of the ISO in question. The holder of an Option shall not have the
rights of a shareholder with respect to the shares covered by his Option until
the date of issuance of a stock certificate to him for such shares. Except as
expressly provided

Rev. Jan. 13, 1998                                                   Page 6 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

above in Paragraph 13 with respect to change in capitalization and stock
dividends, no adjustment shall be made for dividends or similar rights for which
the record date is before the date such stock certificates is issued.

15. CONVERSION OF ISOS INTO NON-QUALIFIED OPTIONS: TERMINATION OF ISOS.

The Committee, at the written request of any optionee, may in its discretion
take such actions as may be necessary to convert such optionee's ISOs (or any
installments or portions of installments thereof) that have not been exercised
on the date of conversion into Non-Qualified Options at any time prior to the
expiration of such ISOs, regardless of whether the optionee is an employee of
the Company or a Related Corporation at the time of such conversion. Such
actions may include, but not be limited to, extending the exercise period or,
subject to Stockholder approval, reducing the exercise price of the appropriate
installments of such Options. At the time of such conversion, the Committee
(with the consent of the optionee) may impose such conditions on the exercise of
the resulting Non-Qualified Options as the Committee in its discretion may
determine, provided that such conditions shall not be inconsistent with the
Plan. Nothing in the Plan shall be deemed to give any optionee the right to have
such optionee's ISOs converted into Non-Qualified Options, and no such
conversion shall occur until and unless the Board takes appropriate action. The
Committee, with the consent of the optionee, may also terminate any portion of
any ISO that has not been exercised at the time of such termination.

16. RESTRICTED STOCK.

Each Grant of Restricted Stock under the Plan shall be evidenced by an
instrument (a "RESTRICTED STOCK AGREEMENT") in such form as the Committee shall
prescribe from time to time in accordance with the Plan and shall comply with
the following terms and conditions, and with such other terms and conditions as
the Committee, in its discretion, shall establish:

(a) The Committee shall determine the number of shares of Common Stock to be
      issued to an eligible person pursuant to the grant of Restricted Stock,
      and the extent, if any, to which they shall be issued in exchange for
      cash, other consideration, or both.

(b) Shares issued pursuant to a grant of Restricted Stock may not be sold,
      assigned, transferred, pledged or otherwise disposed of, except by will or
      the laws of descent and distribution, or as otherwise determined by the
      Committee in the Restricted Stock Agreement, for such period as the
      Committee shall determine, from the date on which the Restricted Stock is
      granted (the "RESTRICTED PERIOD"). The Company will have the option to
      repurchase the Common Stock at such price as the Committee shall have
      fixed in the Restricted Stock Agreement which option will be exercisable
      (i) if the Participant's continuous employment or performance of services
      for the Company and the Related Corporations shall terminate prior to the
      expiration of the Restricted Period, (ii) if, on or prior to the
      expiration of the Restricted Period or the earlier lapse of such
      repurchase option, the Participant has not paid to the Company an amount
      equal to any federal, state, local or foreign income or other taxes which
      the Company determines is required to be withheld in respect of such
      Restricted Stock, or (iii) under such other circumstances as determined by
      the Committee in its discretion. Such repurchase option shall be
      exercisable on such terms, in such manner and during such period as shall
      be determined by the Committee in the Restricted Stock Agreement. Each
      certificate for shares issued as Restricted Stock shall bear an
      appropriate legend referring to the foregoing repurchase option and other
      restrictions; shall be deposited by

Rev. Jan. 13, 1998                                                   Page 7 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

      the Stockholder with the Company, together with a stock power endorsed in
      blank; or shall be evidenced in such other manner permitted by applicable
      law as determined by the Committee in its discretion. Any attempt to
      dispose of any such shares in contravention of the foregoing repurchase
      option and other restrictions shall be null and void and without effect.
      If shares issued as Restricted Stock shall be repurchased pursuant to the
      repurchase option described above, the Stockholder, or in the event of his
      death, his personal representative, shall forthwith deliver to the
      Secretary of the Company the certificates for the shares, accompanied by
      such instrument of transfer, if any, as may reasonably be required by the
      Secretary of the Company. If the repurchase option described above is not
      exercised by the Company, such repurchase option and the restrictions
      imposed pursuant to the first sentence of this subparagraph (b) shall
      terminate and be of no further force and effect.

(c) If a person who has been in continuous employment or performance of
      services for the Company or a Related Corporation since the date on which
      Restricted Stock was granted to him shall, while in such employment or
      performance of services, die, or terminate such employment or performance
      of services by reason of disability or by reason of early, normal or
      deferred retirement under an approved retirement program of the Company or
      a Related Corporation (or such other plan or arrangement as may be
      approved by the Committee in its discretion, for this purpose) and any of
      such events shall occur after the date on which the Restricted Stock was
      granted to him and prior to the end of the Restricted Period, the
      Committee may determine to cancel the repurchase option (and any and all
      other restrictions) on any or all of the shares of Restricted Stock; and
      the repurchase option shall become exercisable at such time only as to the
      remaining shares, if any.

17. TERM AND AMENDMENT OF PLAN.

(a) The Plan was adopted by the Board on April 29, 1994, subject to approval
      of the Plan by the holders of a majority of the outstanding voting stock
      of the Company. The Plan shall expire at the close of business on April
      29, 2004 (except as to Options and Restricted Stock outstanding on that
      date). Subject to the provisions of Paragraph 5 above, Options and
      Restricted Stock may be granted under the Plan by the Committee, prior to
      the date of Stockholder approval of the Plan. If the approval of
      Stockholders is not obtained by April 29, 1995, any grants of Options or
      Restricted Stock under the Plan made prior to that date will be rescinded.

(b) The Board may terminate or amend the Plan in any respect at any time
      subject to the provisions of Paragraph 17(c).

(c) Except as provided in the last sentence of Paragraph 17(a), in no event
      may action of the Board or Stockholders alter or impair the rights of an
      optionee or purchaser of Restricted Stock without his consent, under any
      Option or Restricted Stock previously granted to him.

18. APPLICATION OF FUNDS.

The proceeds received by the Company from the sale of shares pursuant to Options
and Restricted Stock authorized under the Plan shall be used for general
corporate purposes.

Rev. Jan. 13, 1998                                                   Page 8 of 9
<PAGE>

           OAKHURST CAPITAL, INC. 1994 OMNIBUS STOCK PLAN - Continued

19. GOVERNMENTAL REGULATION.

The Company's obligation to sell and deliver shares of the Common Stock under
the Plan is subject to the approval of any governmental authority required in
connection with the authorization, issuance or sale of such shares.

20. WITHHOLDING OF ADDITIONAL INCOME TAXES.

The Company, in accordance with the Code, may, upon exercise of a Non-Qualified
Option or the purchase of Common Stock for less than its fair market value or
the lapse of restrictions on Restricted Stock or the making of a Disqualifying
Disposition (as defined in Paragraph 21) require the employee to pay additional
withholding taxes in respect of the amount that is considered compensation
includible in such person's gross income.

21. NOTICE TO COMPANY OF DISQUALIFYING DISPOSITION.

Each employee who receives ISOs shall agree to notify the Company in writing
immediately after the employee makes a disqualifying disposition of any Common
Stock received pursuant to the exercise of an ISO (a "DISQUALIFYING
DISPOSITION"). Disqualifying Disposition means any disposition (including any
sale) of such stock before the later of (a) two years after the employee was
granted the ISO under which he acquired such stock, or (b) one year after the
employee acquired such stock by exercising such ISO. If the employee has died
before such stock is sold, these holding period requirements do not apply and no
Disqualifying Disposition will thereafter occur.

22. COMPLIANCE WITH REGULATIONS. With respect to persons subject to Section 16
    of the Securities Exchange Act of 1934 (the "1934 Act"), it is the
    Company's intent that transactions under this Plan comply with all
    applicable conditions of Rule 16b-3 under the 1934 Act (or any successor
    or amended version thereof) and any applicable Securities and Exchange
    Commission interpretations thereof. To the extent that any provision of
    the Plan or action by the plan administrator fails to so comply, it shall
    be deemed null and void to the extent permitted by law and deemed
    advisable by the plan administrators.

23. GOVERNING LAWS; CONSTRUCTION.

The validity and construction of the Plan and the instruments evidencing Options
and Restricted Stock shall be governed by the laws of the State of Delaware. In
construing the Plan, the singular shall include the plural and the masculine
gender shall include the feminine and neuter, unless the context otherwise
requires.

          Adopted by the Board of Directors this 29th day of April 1994
                    Approved by Stockholders on July 19, 1994
    Amended by the Board of Directors on July 19, 1994 and December 18, 1995
                    Approved by Stockholders on July 18, 1996
      Amended by the Board of Directors on July 18, 1997; January 13, 1998;
                             and December 18, 1998

Rev. Jan. 13, 1998                                                   Page 9 of 9
<PAGE>
                             OAKHURST COMPANY, INC.

1994 OMNIBUS STOCK PLAN

INCENTIVE STOCK OPTION AGREEMENT

Grantee:

Grant Date:

Option Shares:

Option Price Per Share:

Date All Shares are Exercisable:

Last Day to Exercise Option:

This Option Agreement dated as of the Grant Date set forth above is made between
Oakhurst Company, Inc. and you, , and evidences the Company's grant of an
incentive stock option (the "Option") to purchase the number of Option Shares of
the Company's Common Stock ($0.01 par value per share) set forth above at the
Option Price Per Share set forth above pursuant to the terms and conditions of
this Option Agreement and the option plan noted above (the "Plan").

A copy of the Plan is furnished to you with this Agreement unless you have
already been given one. An additional copy may be obtained on request to the
Secretary of the Company.

The terms of the Plan and any rules and regulations of the Stock Plans Committee
of the Board of Directors of the Company (which administers the Plan) are
incorporated in this Agreement as if fully set forth in it. In the case of any
ambiguity or any conflict between the terms in this Option Agreement and the
Plan, the provisions of the Plan shall govern:

1.    Exercisability.

      (a)   The Option Shares shall become exercisable in four (4) substantially
            equal installments as follows:

            Option Shares from and after
            Option Shares from and after
            Option Shares from and after
            Option Shares from and after

      (b)   You may purchase any one or more of the Option Shares that become
            exercisable on a given date from that date through and including the
            Last Day to Exercise Option, set forth above, unless this Option is
            sooner terminated as provided herein or in the Plan.

<PAGE>

2.    Exercises. For an exercise to be effective, the Company must receive from
      you:

      (a)   A written notice signed by you stating the Option Grant Date and the
            number of Option Shares you wish to purchase; and

      (b)   Payment for the Option Shares either (i) by personal, cashier's or
            certified check; or (ii) by the surrender of shares of the Company's
            Common Stock that have a fair market value (as defined in the Plan)
            on the date of exercise equal to the purchase price of the Option
            Shares being purchased, or a combination of both, all according to
            the rules and regulations relating to the Plan.

<PAGE>

               INCENTIVE STOCK OPTION AGREEMENT ( ) DATED - PAGE 2

3.    Issuance of Option Shares.

      (a)   You will have no rights as a shareholder of the Company with respect
            to any Option Shares purchased under this Option until a certificate
            representing such shares has been issued and delivered to you.

      (b)   The Company will not be obligated to deliver a certificate for any
            Option Shares unless--

            (i)   Provision acceptable to the Company has been made for the
                  payment of any federal, state and local taxes that are due or
                  that are required to be withheld by the Company because of the
                  purchase of the Option Shares; and

            (ii)  There has been compliance with all federal and state laws and
                  regulations, in particular, the Securities Act of 1933 and the
                  Securities Exchange Act of 1934 and the regulations
                  promulgated under those acts, that the Company deems
                  applicable, and all other legal matters in connection with the
                  issuance and delivery of the Option Shares have been approved
                  by the Company's counsel.

4.    Non-Transferability. Except as expressly otherwise provided in the Plan,
      this Option is exercisable only by you during your lifetime. In addition,
      this Option may not be assigned or transferred except by your will or
      according to the laws of descent and distribution in the absence of a
      will. This Option Agreement shall be binding upon your executors,
      administrators, beneficiaries and personal representatives.

5.    Termination of Employment.

      (a)   Except in the event of your death or disability, this Option will
            terminate 60 days after your employment terminates.

      (b)   If your employment terminates by reason of your death, this Option
            may be exercised, to the extent then exercisable, by your estate,
            personal representative or beneficiary at any time prior to the
            earlier of the specified expiration date or 180 days from the date
            of your death. If your employment terminates by reason of your
            disability, you may exercise this Option to the extent of the number
            of shares then exercisable at any time prior to the earlier of the
            specified expiration date or 180 days from the date of the
            termination of your employment.

6.    Not an Employment Agreement. Nothing in this Option Agreement shall in any
      way affect your right to resign from the Company's employ or the Company's
      right to terminate your employment.

7.    Adjustments. As more fully described in the Plan, the number and kind of
      shares issuable under this Option and the Option Price Per Share will be
      adjusted to account for any reorganization, merger, recapitalization, or
      the like that affects the Company's shares.

<PAGE>

               INCENTIVE STOCK OPTION AGREEMENT ( ) DATED - PAGE 2

In Witness Whereof, the parties have executed this Option Agreement as of the
Grant Date set forth above.

OAKHURST COMPANY, INC.                            GRANTEE

BY: _______________________________ ___________________________________<PAGE>

                                                                    EXHIBIT 10.3

                             OAKHURST CAPITAL, INC.

                  1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

1.    PURPOSE.

      This Non-Qualified Stock Option Plan, to be known as the 1994 Non-Employee
      Director Stock Option Plan (hereinafter, this "PLAN") is intended to
      promote the interests of Oakhurst Capital, Inc., a Delaware corporation
      (hereinafter, the "COMPANY") by providing an inducement to obtain and
      retain the services of qualified persons who are not employees or officers
      of the Company to serve as members of its Board of Directors (the
      "BOARD").

2.    AVAILABLE SHARES.

      The total number of shares of Common Stock, par value $.01 per share, of
      the Company (the "COMMON STOCK"), for which options may be granted under
      this Plan shall not exceed 100,000, subject to adjustment in accordance
      with Paragraph 10 of this Plan. Shares subject to this Plan are authorized
      but unissued shares or shares that were once issued and subsequently
      reacquired by the Company. If any options granted under this Plan are
      surrendered before exercise or lapse without exercise, in whole or in
      part, the shares reserved therefor shall continue to be available under
      this Plan.

3.    ADMINISTRATION.

      This Plan shall be administered by the Stock Plans Committee of the Board
      of Directors (the "COMMITTEE"). In the event the Committee ceases to exist
      for whatever reason, the Board shall have all power and authority to
      administer this Plan. In such event, the word "Committee" wherever used
      herein shall be deemed to mean the Board. The Committee shall, subject to
      the provisions of this Plan, have the power to construe this Plan, to
      determine all questions hereunder, and to adopt and amend such rules and
      regulations for the administration of this Plan as it may deem desirable.

4.    GRANTING OF OPTIONS.

      (a)   INITIAL GRANT. On the effective date of the adoption of this Plan by
            the Board (the "EFFECTIVE DATE"), each person who is then a member
            of the Board, and who is not a current or former employee or officer
            of the Company, shall be automatically granted, without further
            action by the Committee, an option to purchase 3,000 shares of the
            Common Stock.

      (b)   ANNUAL GRANTS. On May 1 of each year after the Effective Date and
            during the term of this Plan, each person who is then serving on the
            Board, and who is not a current or former employee or officer of the
            Company, shall automatically be granted an option to purchase 3,000
            shares of the Common Stock, subject to the availability of shares
            under this Plan.

      (c)   Except for the specific options referred to above, no other options
            shall be granted under this Plan.

5.    OPTION PRICE.

      (a)   The purchase price of the stock covered by an option granted
            pursuant to this Plan

<PAGE>

            1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN - Continued

            shall be equal to the fair market value of such shares on the day
            the option is granted. The option price will be subject to
            adjustment in accordance with the provisions of Paragraph 10 of this
            Plan.

      (b)   If, at the time an Option is granted under the Plan, the Company's
            Common Stock is publicly traded, "fair market value" shall be
            determined as of the date such Option is granted and shall mean --

            (i)   the average (on that date) of the high and low prices of the
                  Common Stock on the principal national securities exchange on
                  which the Common Stock is traded, if such stock is then traded
                  on a national securities exchange; or

            (ii)  he last reported sale price (on that date) of the Common Stock
                  on the Nasdaq National Market System or Small Cap Market, if
                  the Common Stock is not then traded on a national securities
                  exchange; or

            (iii) the closing bid price (or average of bid prices) last quoted
                  (on that date) by an established quotation service for
                  over-the-counter securities, if the Common Stock is not
                  reported on the Nasdaq National Market System, the Nasdaq
                  Small Cap Market or on a national securities exchange.

      (c)   If the Common Stock is not publicly traded at the time an Option is
            granted under the Plan, "fair market value" shall be deemed to be
            the fair value of the Common Stock as determined by the Committee
            after taking into consideration all factors which it deems
            appropriate, including, without limitation, recent sale and offer
            prices of the Common Stock in private transactions negotiated at
            arm's length.

6.    PERIOD OF OPTION.

      Unless sooner terminated in accordance with the provisions of Paragraph 8
      of this Plan, an option granted hereunder shall expire on the date which
      is ten (10) years after the date of grant of the option.

7.    VESTING OF SHARES AND NON-TRANSFERABILITY OF OPTIONS.

      (a)   VESTING. Options granted under this Plan shall be fully exercisable
            from and after the date of grant.

      (b)   LEGEND ON CERTIFICATES. The certificates representing such shares
            shall carry such appropriate legend, and such written instructions
            shall be given to the Company's transfer agent, as may be deemed
            necessary or advisable by counsel to the Company in order to comply
            with the requirements of the Securities Act of 1933 or any state
            securities laws.

      (c)   NON-TRANSFERABILITY. Any option granted pursuant to this Plan shall
            not be assignable or transferable other than by will or the laws of
            descent and distribution or pursuant to a domestic relations order
            and shall be exercisable during the optionee's lifetime only by him
            or her.

8.    TERMINATION OF OPTION RIGHTS.

      (a)   In the event an optionee ceases to be a member of the Board for any
            reason other

                                                                     Page 2 of 6

<PAGE>

            1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN - Continued

            than death or permanent disability, any then unexercised portion of
            options granted to such optionee shall, to the extent not then
            vested, immediately terminate and become void; any portion of an
            option which is then vested but has not been exercised at the time
            the optionee so ceases to be a member of the Board may be exercised,
            to the extent it is then vested, by the optionee within 180 days of
            the date the optionee ceased to be a member of the Board; and all
            options shall terminate after such 180 days have expired.

      (b)   In the event that an optionee ceases to be a member of the Board by
            reason of his or her death or permanent disability, any option
            granted to such optionee shall be immediately and automatically
            accelerated and become fully vested and all unexercised options
            shall be exercisable by the optionee (or by the optionee's personal
            representative, heir or legatee, in the event of death) until the
            scheduled expiration date of the option.

9.    EXERCISE OF OPTION.

      (a)   Subject to the terms and conditions of this Plan and the option
            agreements, an option granted hereunder shall, to the extent then
            exercisable, be exercisable in whole or in part by giving written
            notice to the Company by mail or in person stating the number of
            shares with respect to which the option is being exercised,
            accompanied by payment in full for such shares. Payment may be --

            (i)   in United States dollars in cash or by check;

            (ii)  in whole or in part in shares of Common Stock of the Company
                  already owned by the person or persons exercising the option
                  or shares subject to the option being exercised (subject to
                  such restrictions and guidelines as the Committee may adopt
                  from time to time), valued at fair market value determined in
                  accordance with the provisions of Paragraph 5; or

            (iii) consistent with applicable law, through the delivery of an
                  assignment to the Company of a sufficient amount of the
                  proceeds from the sale of the Common Stock acquired upon
                  exercise of the option and an authorization to the broker or
                  selling agent to pay that amount to the Company, which sale
                  shall be at the participant's direction at the time of
                  exercise. There shall be no such exercise at any one time as
                  to fewer than one hundred (100) shares or all of the remaining
                  shares then purchasable by the person or persons exercising
                  the option, if fewer than one hundred (100) shares.

      (b)   The Company's transfer agent shall, on behalf of the Company,
            prepare a certificate or certificates representing such shares
            acquired pursuant to exercise of the option, shall register the
            optionee as the owner of such shares on the books of the Company and
            shall cause the fully executed certificates(s) representing such
            shares to be delivered to the optionee as soon as practicable after
            payment of the option price in full.

      (c)   The holder of an option shall not have any rights of a stockholder
            with respect to the shares covered by the option, except to the
            extent that one or more certificates for such shares shall be
            delivered to him or her upon the due exercise of the option.

                                                                     Page 3 of 6
<PAGE>

            1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN - Continued

10.   ADJUSTMENTS UPON CHANGES IN CAPITALIZATION AND OTHER MATTERS.

      Upon the occurrence of any of the following events, an optionee's rights
      with respect to options granted to him or her hereunder shall be adjusted
      as hereinafter provided:

      (a)   STOCK DIVIDENDS AND STOCK SPLITS. If the shares of Common Stock
            shall be subdivided or combined into a greater or smaller number of
            shares or if the Company shall issue any shares of Common Stock as a
            stock dividend on its outstanding Common Stock, the number of shares
            of Common Stock deliverable upon the exercise of options shall be
            appropriately increased or decreased proportionately, and
            appropriate adjustments shall be made in the purchase price per
            share to reflect such subdivision, combination or stock dividend.

      (b)   MERGER; CONSOLIDATION; LIQUIDATION; SALE OF ASSETS. In the event the
            Company is merged into or consolidated with another corporation
            under circumstances where the Company is not the surviving
            corporation, or if the Company is liquidated or sells or otherwise
            disposes of all or substantially all of its assets to another
            corporation while unexercised options remain outstanding under this
            Plan--

            (i)   subject to the provisions of clauses (iii), (iv) and (v)
                  below, after the effective date of such merger, consolidation
                  or sale, as the case may be, each holder of an outstanding
                  option shall be entitled, upon exercise of such option, to
                  receive in lieu of shares of Common Stock, shares of such
                  stock or other securities as the holders of shares of Common
                  Stock received pursuant to the terms of the merger,
                  consolidation or sale; or

            (ii)  the Committee may waive any discretionary limitations imposed
                  with respect to the exercise of the option so that all options
                  from and after a date prior to the effective date of such
                  merger, consolidation, liquidation or sale, as the case may
                  be, specified by the Committee, shall be exercisable in full;
                  or

            (iii) all outstanding options may be cancelled by the Committee as
                  of the effective date of any such merger, consolidation,
                  liquidation or sale, provided that notice of such cancellation
                  shall be given to each holder of an option, and each such
                  holder thereof shall have the right to exercise such option in
                  full (without regard to any discretionary limitations imposed
                  with respect to the option) during a 30-day period preceding
                  the effective date of such merger, consolidation, liquidation
                  or sale; or

            (iv)  all outstanding options may be cancelled by the Committee as
                  of the date of any such merger, consolidation, liquidation or
                  sale, provided that notice of such cancellation shall be given
                  to each holder of an option and each such holder thereof shall
                  have the right to exercise such option, but only to the extent
                  exercisable in accordance with any discretionary limitations
                  imposed with respect to the option prior to the effective date
                  of such merger, consolidation, liquidation or sale; or

            (v)   the Committee may provide for the cancellation of all
                  outstanding options and for the payment to the holders thereof
                  of some part or all of the amount by which the value thereof
                  exceeds the payment, if any, which the holder would

                                                                     Page 4 of 6
<PAGE>

            1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN - Continued

                  have been required to make to exercise such option.

      (c)   ISSUANCE OF SECURITIES. Except as expressly provided herein, no
            issuance by the Company of shares of stock of any class, or
            securities convertible into shares of stock of any class, shall
            affect, and no adjustment by reason thereof shall be made with
            respect to, the number or price of shares subject to options. No
            adjustments shall be made for dividends paid in cash or in property
            other than securities of the Company.

      (d)   ADJUSTMENTS. Upon the happening of any of the foregoing events, the
            class and aggregate number of shares set forth in Paragraph 2 of
            this Plan that are subject to options which previously have been or
            subsequently may be granted under this Plan shall also be
            appropriately adjusted to reflect such events. The Committee shall
            determine the specific adjustments to be made under this Paragraph
            10 and its determination shall be conclusive.

11.   RESTRICTIONS ON ISSUANCE OF SHARES.

      Notwithstanding the provisions of Paragraphs 4 and 9 of this Plan, the
      Company shall have no obligation to deliver any certificate or
      certificates upon exercise of an option until one of the following
      conditions shall be satisfied:

      (a)   The shares with respect to which the option has been exercised are
            at the time of the issue of such shares effectively registered under
            applicable federal and state securities laws as now in force or
            hereafter amended; or

      (b)   Counsel for the Company shall have given an opinion that such shares
            are exempt from registration under federal and state securities laws
            as now in force or hereafter amended; and the Company has complied
            with all applicable laws and regulations with respect thereto,
            including without limitation all regulations required by any stock
            exchange upon which the Company's outstanding Common Stock is then
            listed.

12.   REPRESENTATION OF OPTIONEE.

      If requested by the Company, the optionee shall deliver to the Company
      written representations and warranties upon exercise of the option that
      are necessary to show compliance with federal and state securities laws,
      including representations and warranties to the effect that a purchase of
      shares under the option is made for investment and not with a view to
      their distribution (as that term is used in the Securities Act of 1933).

13.   OPTION AGREEMENT.

      Each option granted under the provisions of this Plan shall be evidenced
      by an option agreement, which agreement shall be duly executed and
      delivered on behalf of the Company and by the optionee to whom such option
      is granted. The option agreement shall contain such terms, provisions and
      conditions not inconsistent with this Plan as may be determined by the
      officer executing it.

14.   TERMINATION AND AMENDMENT OF PLAN.

      Options may no longer be granted under this Plan after the close of
      business on April 29, 2004, and this Plan shall terminate when all options
      granted or to be granted

                                                                     Page 5 of 6
<PAGE>

            1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN - Continued

      hereunder are no longer outstanding. The Board may at any time terminate
      this Plan or make such modification or amendment thereof as it deems
      advisable; provided, however, that the Board may not, without approval by
      the affirmative vote of the holders of a majority of the shares of Common
      Stock present in person or by proxy and entitled to vote at the meeting--

      (a)   increase the maximum number of shares for which options may be
            granted under this Plan (except by adjustment pursuant to Paragraph
            10);

      (b)   materially modify the requirements as to eligibility to participate
            in this Plan;

      (c)   materially increase benefits accruing to option holders under this
            Plan; or

      (d)   amend this Plan in any manner which would cause Rule 16b-3 to become
            inapplicable to this Plan;

      and provided further that the provisions of this Plan specified in Rule
      16b-3(c)(2)(ii)(A) (or any successor or amended provision thereof) under
      the Securities Exchange Act of 1934 (including without limitation,
      provisions as to eligibility, amount, price and timing of awards) may not
      be amended more than once every six months, other than to comport with
      changes in the Internal Revenue Code, the Employee Retirement Income
      Security Act, or the rules thereunder. Termination or any modification or
      amendment of this Plan shall not, without consent of a participant, affect
      his or her rights under an option previously granted to him or her.

15.   WITHHOLDING OF INCOME TAXES.

      Upon the exercise of an option, the Company, in accordance with Section
      3402(a) of the Internal Revenue Code, may require the optionee to pay
      withholding taxes in respect of amounts considered to be compensation
      includible in the optionee's gross income.

16.   COMPLIANCE WITH REGULATIONS.

      It is the Company's intent that transactions under this Plan comply with
      all applicable conditions of Rule 16b-3 under the Securities Exchange Act
      of 1934 (or any successor or amended version thereof) and any applicable
      Securities and Exchange Commission interpretations thereof. To the extent
      that any provision of the Plan or action by the plan administrator fails
      to so comply, it shall be deemed null and void to the extent permitted by
      law and deemed advisable by the plan administrators.

17.   GOVERNING LAW.

      The validity and construction of this Plan and the instruments evidencing
      options shall be governed by the laws of the State of Delaware, without
      giving effect to the principles of conflicts of law thereof.

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

          Adopted by the Board of Directors this 29th day of April 1994
                    Approved by Stockholders on July 19, 1994

                                                                     Page 6 of 6

<PAGE>

NOTICE OF GRANT OF STOCK OPTION &                 OAKHURST COMPANY, INC.
STOCK OPTION AGREEMENT                            Taxpayer ID #: 55-0437067
                                                  3513 Concord Pike - Suite 3527
                                                  Wilmington, Delaware 19803

Optionee:

Optionee ID #:

Option Plan: 1994 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN

Option Number:

Grant Date:

Expiration Date:

Pursuant to the automatic grant provisions of the 1994 Non-Employee Director
Stock Option Plan, effective you have been granted a Non-Statutory Stock Option
to purchase ___ shares of the common stock (par value $0.01 per share) (the
"Option Shares") of Oakhurst Company, Inc. (the "Company") at a price of _____
per share provided that you enter into this Option Agreement.

The Option Shares will become available to be purchased by you at the
above-noted price from and after the date hereof through and including
_____________, unless this Option is sooner terminated as provided in the Option
Plan.

By signing this Option Agreement below, you and the Company agree that this
Option is governed by (i) the terms and conditions set forth on this page and on
page two of this Option Agreement; and (ii) by the terms and conditions of the
Option Plan, a copy of which has been furnished to you. An additional copy of
the Option Plan will be furnished to you on request to the Secretary of the
Company.

OAKHURST COMPANY, INC.                  OPTIONEE

By: ___________________________         ________________________________

     For the Board of Directors

                                                                     Page 1 of 2

<PAGE>

                     ADDITIONAL STOCK OPTION AGREEMENT TERMS

1.    Exercise (Purchase) of Option Shares. For an exercise (purchase) of Option
      Shares to be effective, the Company must receive from you:

      (a) A written notice directed to the Treasurer of the Company, signed by
            you stating the Option's Grant Date and the number of Option Shares
            you wish to purchase; and

      (b) Payment for those shares either (a) by cashier's or certified check;
            or (b) with the consent of the Committee that administers the Option
            Plan, by the transfer to the Company of Company common stock having
            a fair market value (as defined in the Option Plan) equal to the
            purchase price of the shares being purchased, all according to the
            rules and regulations of the Committee.

2.    Issuance of Option Shares. You will have no rights as a shareholder of the
      Company with respect to any Option Shares purchased under this Option
      until a certificate representing those shares has been issued and
      delivered to you, and the Company will not be obligated to deliver to you
      a certificate for any Option Shares unless --

      (a) Provision acceptable to the Company has been made for the payment of
            any federal, state and local taxes that are due or that are required
            to be withheld by the Company because of the purchase of the Option
            Shares; and

      (b) There has been compliance with all federal and state laws and
            regulations, in particular, the Securities Act of 1933 and the
            Securities Exchange Act of 1934 and the rules and regulations
            promulgated under those acts, that the Company deems applicable, and
            all other legal matters in connection with the issuance and delivery
            of the Option Shares have been approved by the Company's counsel.

3.    Non-Transferability. Except as expressly otherwise provided in the Plan,
      this Option is exercisable only by you during your lifetime. In addition,
      this Option may not be assigned or transferred except by your will or
      according to the laws of descent and distribution in the absence of a
      will.

4.    Adjustments. As more fully described in the Option Plan, the number and
      kind of shares issuable under this Option and the option price per share
      will be adjusted to account for any reorganization, merger,
      recapitalization, or the like that affects the Company's shares.

5.    Termination. As more fully described in the Plan, this Option terminates
      under certain circumstances and in certain respects if you cease to be a
      member of the Board of Directors.

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

                                                                     Page 2 of 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]