Document:

EXHIBIT 10.1 (v)

Eyecity.com, Inc., 79 Express Street, Plainview, NY 11803
Phone:  516-822-5000 Fax: 516-822-5520

                                                                    June 1, 2000
James J. Armenakis
65 Bleecker Street
New York, NY  10012

                      AMENDMENT NO. 2 TO FINDERS AGREEMENT

Dear Jim:

This will constitute and confirm our amendment to the Finders Agreement dated
March 16, 1999 (the "Finders Agreement") as amended on December 29, 1999 for
James J. Armenakis (the "Armenakis") to act as a finder for Eyecity.com, Inc.
(the "Company"), in accordance with the terms, provisions and conditions of the
Finders Agreement.

1.    Section 2 shall be amended to read as follows:

      "As full and complete compensation for Armenakis' services rendered
      hereunder, commencing January 1, 2000, Armenakis shall have the
      compensation due under this Finders Agreement payable in cash, Company
      Stock (the "Shares") and Company Warrants (the "Warrants") as follows: (i)
      fifteen (15%) percent of the funds invested on an equity basis payable in
      cash, (ii) ten (10%) percent of all Shares issued; and (iii) ten (10%)
      percent of all Warrants issued, by the Company under this Agreement."

2.    Section 3 amended to read as follows:

      "Finder covenants and agrees that the Shares of the Company's Common Stock
      which Armenakis is acquiring pursuant to this Agreement are being acquired
      by Armenakis, for his own account for investment only and not with a view
      to the distribution of all or any part thereof, as the phrases "investment
      only" and "distribution" have meaning under the Securities Act of 1933, as
      amended, (the "Act"), or for the sale in connection any distribution, and
      that such Shares will not be transferred except in accordance with the
      registration requirements of the Act or as applicable. Finder understands
      that under existing law (i) all of the Shares may be required to be held
      indefinitely, unless a Registration Statement is effective and current
      with respect to the Shares under the Act or an exemption from such
      registration is available, (ii) any sales of the Shares in reliance upon
      Rule 144

                                       1
<PAGE>

                                                                EXHIBIT 10.1 (v)

      promulgated under the Act may be made only in amounts in accordance with
      the terms and conditions of the Rule, and (iii) in the case of securities
      to which that Rule is not applicable and which are not registered,
      compliance with Regulations promulgated under the Act or some other
      disclosure exemption will be required. The Shares will be authorized but
      unissued shares of the Common Stock, $.001 par value per share, of the
      Company, and Armenakis agrees to sign an Investment Letter for all Shares
      issued to him under this Agreement, or if Armenakis has the Stock issued
      to a third party, said third party shall sign an Investment Letter.

      Armenakis covenants and agrees that the certificates representing such
      Shares shall contain the following legend, or one similar thereto;

            "THE SHARES REPRESENTED BY THIS CRTIFICATE WERE ACQUIRED FOR
      INVESTMENT ANDHAVE NOT BEENREGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED ("ACT"). NO SALE, OFFER TO SELL OR TRANSFER OF THE SHARES
      REPRESENTED BY THIS CERTIFICATE SHALL BE MADE IN THE ABSENCE OF AN
      EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER THE ACT OR AN
      OPINION OF COUNSEL TO THE COMPANY THAT REGISTRATION IS NOT REQURIED UNDER
      THE ACT."

3.    All other terms and conditions of the Finders Agreement remain in full
      force and effect.

If the foregoing is in accordance with your understanding, will you kindly
signify same by signing this Finders Agreement Amendment in the space provided
below.

                                                   Sincerely,
Agreed and Accepted                                EYECITY.COM, INC.
as of the above date

/s/ James J. Armenakis                             /s/ Mark H. Levin
----------------------                             -----------------------------
James J. Armenakis                                 Mark H. Levin
                                                   PresidentEXHIBIT 10.1(y)

Eyecity.com, Inc., 79 Express Street, Plainview, NY 11803
Phone:  516-822-5000  Fax: 516-822-5520

                                                             As of April 1, 2000

James J. Armenakis
65 Bleecker Street
New York, NY  10012

      RE: AMENDMENT NO. 2 to Consultant Agreement dated March 16, 1999

Dear Jim:

The Consultant Agreement dated March 16, 1999, ("Agreement") as amended on March
18, 1999 between James J. Armenakis ("Consultant") and Eyecity.com, Inc.
("Company") is hereby amended as follows:

1.    Sections 1 and 2 are amended to read as follows:

      "1. Retention. The Company retains the Consultant as an advisor of the
      Company to provide on call consulting services at times mutually agreeable
      to Consultant and Company (the "Consulting Services") for the period (the
      "Consulting Period") commencing on April 1, 2000 and terminating on March
      31, 2002. The Consultant accepts such engagement and agrees to provide the
      Consulting Services, in connection with the operation of the Company's
      business."

      "2. Compensation. As full and complete compensation for the Consulting
      Services for the Consulting Period the Company shall pay and the
      Consultant accepts as full and complete compensation 300,000 shares of the
      Company's Common Stock ("Shares") in accordance with Section 15.

2.    Section 15 is added to the Agreement:

      "15(a) Shares Issuance. Consultant covenants and agrees that the Shares of
      the Company's Common Stock which Consultant is acquiring pursuant to this
      Agreement are being acquired by Consultant, for his own account for
      investment only and not with a view to the distribution of all or any part
      thereof, as the phrases "investment only" and "distribution" have meaning
      under the Securities Act of 1933, as amended, (the "Act"), or for the sale
      in connection with any distribution, and that such Shares will not be
      transferred except in accordance with the registration requirements of the
      Act or as applicable. Consultant understand that under existing law (I)
      all of the Shares may be required to be held indefinitely, unless a
      Registration Statement is effective and current with respect to the Shares
      under the Act or an exemption from such registration is available, (ii)
      any sales of the Shares in reliance upon Rule 144 promulgated under the
      Act may be made only in amounts in accordance with the terms and
      conditions of the Rule, and (iii) in the case of securities to which that
      Rule is not applicable and which are not registered, compliance with
      Regulations promulgated under the Act or some other disclosure exemption
      will be required. The Shares will be authorized but unissued shares of the
      Common Stock, $.001 par value

<PAGE>

                                                                 EXHIBIT 10.1(y)

      per share, of the Company, and Consultant agrees to sign an Investment
      Letter for all Shares issued to him under this Agreement.

      "15(b) Consultant covenants and agrees that the certificates representing
      such Shares shall contain the following legend, or one similar thereto.

         "THE SHARES REPRESENTED BY THIS CERTIFICATE WERE ACQUIRED FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED ("ACT"). NO SALE, OFFER TO SELL OR TRANSFER OF THE SHARES REPRESENTED BY
THIS CERTIFICATE SHALL BE MADE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SHARES UNDER THE ACT, OR AN OPINION OF COUNSEL TO THE COMPANY
THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT."

3. All other terms and Conditions of the Agreement shall remain in full force
and effect.

      IN WITNESS WHEREOF, the Consultant has executed this Amendment and the
Company has caused this Amendment to be executed by a duly authorized officer
and to become effective as of the day and year first above written.

Eyecity.com, Inc.                                  Agreed and Accepted as of the
                                                   Above date

By: /s/ Mark H. Levin                              /s/ James J. Armenakis
    ------------------------                       ----------------------------
Name:  Mark H. Levin                               James J. Armenakis
Title: PresidentExhibit 10.1(cc)

                             2000 STOCK OPTION PLAN

                                       of

                                EYECITY.COM, INC.

            1. PURPOSES OF THE PLAN. This stock option plan (the "Plan") is
designed to provide an incentive to employees (including directors and officers
who are employees) and to consultants who are not employees of Eyecity.com,
Inc., a Delaware 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 employees and
consultants. 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 non-qualified stock options which do not qualify as
ISOs ("NQSOs"), but the Company makes no representation or warranty, express or
implied, 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, $.001 par value per share,
of the Company ("Common Stock") for which options may be granted under the Plan
shall not exceed 4,000,000. Such shares of Common Stock may, in the discretion
of the Board of Directors of the Company (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. 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. 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.

            3. ADMINISTRATION OF THE PLAN. The Plan shall be administered by the
Board of Directors of the Company (the "Board of Directors") which, to the
extent it shall determine, may delegate its powers with respect to the
administration of the Plan to a committee of the Board of Directors (the
"Committee") which, if the Common Stock is registered under Section 12 of the
Securities and Exchange Act of 1934, as amended (the "Exchange Act"), shall
consist of not less than two directors, each of whom shall be a "non-employee
director" within the meaning of Rule 16b-3 (or any successor rule or regulation)
promulgated under the Exchange Act, (as the same may be in effect and
interpreted from time to time, "Rule 16b-3") and an "outside director" within
the meaning of Section 162(m)(C)(i) of the Code. References in the Plan to
determinations or actions by the Committee shall be deemed to include
determinations and actions by the Board of Directors. A majority of the members
of the Committee shall constitute a quorum, and the acts of a majority of the
members present at any meeting at which a quorum is

                                       -1-
<PAGE>

present, and any acts approved in writing by all members without a meeting,
shall be the acts of the Committee.

            Subject to the express provisions of the Plan, the Committee shall
have the authority, in its sole discretion, to determine the employees and the
consultants who shall be granted options; the times when options shall be
granted; 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 option or installment; whether shares of Common Stock may be
issued upon the 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; the fair market value of a share of Common Stock; whether to
restrict the sale or other disposition of the shares of Common Stock acquired
upon the exercise of an option and, if so, whether 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, any of its
Subsidiaries or a Parent (as defined in Paragraph 19), to financial objectives
for the Company, any of its Subsidiaries or a Parent, a division of any of the
foregoing, a product line or other category, and/or the period of continued
employment of the optionee with the Company, any of its Subsidiaries or a
Parent, and to determine whether such contingencies have been met; the amount,
if any, necessary to satisfy the Company's obligation to withhold taxes or other
amounts; whether an optionee is Disabled (as defined in Paragraph 19); to
construe the respective Contracts and the Plan; with the consent of the
optionee, to cancel or modify an option, provided such modified provision would
be permitted to be included in an option on the date of modification, and
further, provided, that, in the case of a modification (within the meaning of
Section 424(h) of the Code) of an ISO, such option as modified would be
permitted to be granted on the date of such modification 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. Any controversy or claim arising out of or relating to
the Plan, any option granted under the Plan or any Contract shall be determined
unilaterally by the Committee in its sole discretion. The determinations of the
Committee on the matters referred to in this Paragraph 3 shall be conclusive and
binding on the parties. No member or former member of the Committee shall be
liable for any action, failure to act or determination made in good faith with
respect to the Plan or any option hereunder.

            4. ELIGIBILITY. The Committee may from time to time, in its sole
discretion, consistent with the purposes of the Plan, grant options to employees
(including officers and directors who are employees) of, and to consultants to,
the Company or any of its Subsidiaries. Such options granted shall cover such
number of shares of Common Stock as the

                                       -2-
<PAGE>

Committee may determine in its sole discretion; provided, however, that the
maximum number of shares subject to options that may be granted to any employee
during any calendar year under the Plan (the "162(m) Maximum") shall not exceed
1,000,000 shares; and further, provided, that the aggregate market value
(determined at the time the option is granted in accordance with Paragraph 5) 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. Such 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 an
NQSO.

            5. EXERCISE PRICE. The exercise price of the shares of Common Stock
under each option shall be determined by the Committee in its sole discretion;
provided, however, 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
(a) if the principal market for the Common Stock is a national securities
exchange, the average of the highest and lowest sales prices per share of Common
Stock on such day as reported by such exchange or on a composite tape reflecting
transactions on such exchange, (b) if the principal market for the Common Stock
is not a national securities exchange and the Common Stock is quoted on The
Nasdaq Stock Market ("Nasdaq"), and (i) if actual sales price information is
available with respect to the Common Stock, the average of the highest and
lowest sales prices per share of Common Stock on such day on Nasdaq, or (ii) if
such information is not available, the average of the highest bid and lowest
asked prices per share of Common Stock on such day on Nasdaq, or (c) if the
principal market for the Common Stock is not a national securities exchange and
the Common Stock is not quoted on Nasdaq, the average of the highest bid and
lowest asked prices per share of Common Stock on such day as reported on the OTC
Bulletin Board Service or by National Quotation Bureau, Incorporated or a
comparable service; provided, however, that if clauses (a), (b) and (c) of this
Paragraph are all inapplicable, or if no trades have been made or no quotes are
available for such day, the fair market value of the Common Stock shall be
determined by the Board by any method consistent with applicable regulations
adopted by the Treasury Department relating to stock options.

                                       -3-
<PAGE>

            6. TERM. The term of each option granted pursuant to the Plan shall
be such term as is established by the Committee, in its sole discretion;
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. Options shall be subject
to earlier termination as hereinafter provided.

            7. EXERCISE. An option (or any part or installment thereof), to the
extent 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 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 permits installment
payments) (a) in cash or by certified check or (b) if the applicable Contract
permits, with the consent of the Committee, with previously acquired shares of
Common Stock having an aggregate fair market value on the date of exercise
(determined in accordance with Paragraph 5) equal to the aggregate exercise
price of all options being exercised, or with any combination of cash, certified
check or shares of Common Stock

            The Committee may, in its sole discretion, permit payment of the
exercise price of an option by delivery by the optionee of a properly executed
notice, together with a copy of the optionee's irrevocable instructions to a
broker acceptable to the Committee to deliver promptly to the Company the amount
of sale or loan proceeds sufficient to pay such exercise price. In connection
therewith, the Company may enter into agreements for coordinated procedures with
one or more brokerage firms.

            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
optionee 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, its Subsidiaries and Parent as an employee or consultant has terminated
for any reason (other than his death or Disability) may exercise such option, to
the extent exercisable on the date of such termination, at any time within three
months after the date of termination, but not thereafter and in no event after
the date the option would otherwise have expired; provided, however, that if
such relationship is terminated either

                                      -4-
<PAGE>

(a) for cause, or (b) without the consent of the Company, such option shall
terminate immediately.

            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.

            Notwithstanding the foregoing, 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 status of the optionee so long as the optionee
continues to be an employee of, or a consultant to, the Company, any of its
Subsidiaries or a Parent (regardless of having changed from one to the other or
having been transferred from one corporation to another).

            Nothing in the Plan or in any option granted under the Plan shall
confer on any optionee any right to continue in the employ of, or as a
consultant to, the Company, its Parent or any of its Subsidiaries, or interfere
in any way with any right of the Company, its Parent or any of its Subsidiaries
to terminate the optionee's relationship at any time for any reason whatsoever
without liability to the Company, its 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 individual optionee dies
(a) while he is an employee of, or a consultant to, the Company, any of its
Subsidiaries or a Parent, (b) within three months after the termination of such
relationship (unless such termination was for cause or without the consent of
the Company) or (c) within one year following the termination of such
relationship by reason of Disability, his option may be exercised, to the extent
exercisable on the date of his death, by his Legal Representative (as defined in
Paragraph 19) at any time within one year after death, 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, any optionee whose relationship as an employee of, or a consultant to,
the Company, its Parent or any Subsidiary has terminated by reason of Disability
may exercise his option, to the extent exercisable upon the effective date of
such termination, at any time within one year after such date, but not
thereafter and in no event after the date the option would otherwise have
expired.

                                      -5-
<PAGE>

            10. COMPLIANCE WITH SECURITIES LAWS. It is 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 be an exemption from registration
under the Securities Act for the issuance of the shares of Common Stock upon
such exercise. Nothing herein shall be construed as requiring the Company to
register shares subject to any option under the Securities Act or to keep any
Registration Statement effective or current.

            The Committee may require, in its sole discretion, as a condition to
the exercise of any option that the optionee execute and deliver to the Company
his representations and warranties, in form, substance and scope satisfactory to
the Committee, which the Committee determines are necessary or convenient to
facilitate the perfection of an exemption from the registration requirements of
the Securities Act or other legal requirement, including without limitation 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 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 satisfactory to the Company, in form, substance and
scope satisfactory to the Company, as to the applicability of such exemption to
the proposed sale or distribution.

            In addition, if at any time the Committee shall determine, in its
sole discretion, that the listing or qualification of the shares of Common Stock
subject to such option on any securities exchange, Nasdaq 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, provisions and conditions not
inconsistent herewith as may be determined by the Committee.

            12. ADJUSTMENTS UPON CHANGES IN COMMON STOCK. Notwithstanding any
other provision of the Plan, in the event of a stock dividend, split-up,
combination, reclassification, recapitalization, merger in which the Company is
the surviving corporation, or exchange of shares or the like which results in a
change in the number or kind of those shares of Common Stock which are
outstanding immediately

                                      -6-
<PAGE>

prior to such event, 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, and the 162(m) Maximum shall be appropriately
adjusted by the Board of Directors, whose determination shall be conclusive and
binding on all parties.

            In the event of (a) the liquidation or dissolution of the Company,
or (b) a merger in which the Company is not the surviving corporation or a
consolidation, any outstanding options shall terminate upon the earliest of any
such event, unless other provision is made therefor in the transaction.

            13. AMENDMENTS AND TERMINATION OF THE PLAN. The Plan was adopted by
the Board of Directors on March 31, 2000. No option may be granted under the
Plan after March 30, 2010. 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, to comply
with, conform to or adopt the provisions of Rule 16b-3, Section 162(m) of the
Code or any change in applicable law, regulations, rulings or interpretations 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 or the 162(m)
Maximum, (b) materially increase the benefits accruing 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 and outstanding option affected thereby, adversely
affect his rights under such option. The power of the Committee 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.

            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 optionee,
only by the optionee 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, and any such attempted
assignment, transfer, pledge, hypothecation or disposition shall be null and
void ab initio and of no force or effect.

            15. WITHHOLDING TAXES. As a condition of exercise of an Option, each
employee shall, no later than the date of exercise of such option, pay to the
Company in cash or make arrangements satisfactory to the Committee regarding
payment of any federal, state or local taxes of any kind required by law to be
withheld upon the exercise of such option. In its discretion, the Committee may
provide for the Company's acceptance or retention of Common Stock as payment of
an employee's liability for tax required to be withheld by the Company.

                                      -7-
<PAGE>

            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 and any applicable state securities laws, (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 issued or 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 such corporate purposes as the
Board of Directors may determine.

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

            19. DEFINITIONS. For purposes of the Plan, the following terms shall
be defined as set forth below:

            (a) Constituent Corporation. The term "Constituent Corporation"
shall mean any corporation which engages with the Company, any of its
Subsidiaries or a Parent 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.

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

            (c) Legal Representative. The term "Legal Representative" shall mean
the executor, administrator or other person who at the time is entitled by law
to exercise the rights of a deceased or incapacitated optionee with respect to
an option granted under the Plan.

                                      -8-
<PAGE>

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

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

            20. GOVERNING LAW; CONSTRUCTION. 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 Delaware, without regard to conflict
of law provisions.

            Neither the Plan nor any Contract shall be construed or interpreted
with any presumption against the Company by reason of the Company causing the
Plan or Contract to be drafted. Whenever from the context it appears
appropriate, any term stated in either the singular or plural shall include the
singular and plural, and any term stated in the masculine, feminine or neuter
gender shall include the masculine, feminine and neuter.

            21. PARTIAL INVALIDITY. The invalidity, illegality or
unenforceability of any provision in the Plan or any Contract shall not affect
the validity, legality or enforceability of any other provision, all of which
shall be valid, legal and enforceable to the fullest extent permitted by
applicable law.

22. STOCKHOLDER APPROVAL. The Plan shall be subject to approval by a majority of
the votes present in person or by proxy at the next duly held meeting of the
Company's stockholders at which a quorum is present. No options granted
hereunder may be exercised prior to such approval; provided, however, that the
date of grant of any option shall be determined as if the Plan had not been
subject to such approval. Notwithstanding the foregoing, if the Plan is not
approved by a vote of the stockholders of the Company on or before March 30,
2001, the Plan and any options granted hereunder shall terminate.

                                                   ________________________
                                                   Mark H. Levin, President

                                                   ________________________
                                                   Name
                                                   Address

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