Document:

EXHIBIT 10.4
                     ADMINISTRATION AND MARKETING AGREEMENT

       THIS  ADMINISTRATION AND MARKETING AGREEMENT is made and entered into and
effective  this  ___ day of  December,  2000,  by and  between  Capston  Network
Company,  a  Delaware   corporation  with  an  office  1612  N.  Osceola  Avenue
Clearwater,  Fl 33755,  hereinafter  called  "Manager," Win or Lose  Acquisition
Corporation,  a Delaware  corporation  with an office at 1612 N. Osceola  Avenue
Clearwater,  Fl 33755,  hereinafter  called the "Company," and John L. Petersen,
Rachel A. Fefer and Mark R. Dolan,  who  collectively  own 100% of the Company's
issued and outstanding common stock and are hereinafter called the "Founders.".

                                W I T N E S S E T H

       WHEREAS,  the Company is a newly organized Delaware  corporation that has
been  formed for the  purpose of  conducting  a  registered  public  offering of
securities and subsequently  attempting to negotiate a business combination with
another company that has both business history and operating assets; and

       WHEREAS,  the Founders  collectively  purchased  1,500,000  shares of the
Company's common stock (the "Founders Shares") for $45,000 in cash in connection
with the organization of the Company; and

       WHEREAS,  the Company has not engaged in any business  activities to date
and has no specific  plans to engage in any  particular  business in the future;
and

       WHEREAS,  the Company intends to file a Form S-1  Registration  Statement
under the Securities Act of 1933 for a public  offering of securities that will,
if  successful,  result in the  classification  of the Company as a "Blank Check
Company"  or  "Reporting  Public  Shell"  that can be used to effect a  business
combination with suitable privately-held enterprise (a "Target"); and

       WHEREAS,  Capston  has  significant  experience  in the  development  and
implementation  of reorganization  and business  combination plans in connection
with  other  public  shells and has  offered to (a) take such  actions as may be
necessary  to position  the Company for a business  combination  with a suitable
Target,  (b) manage the  administration of the Company's business affairs during
its search for an  acquisition  Target,  (c)  manage the  administration  of the
Company's  regulatory  compliance functions during its search for an acquisition
Target, and (d) assist in the negotiation of a business  combination between the
Company and a Target; and

       WHEREAS,  the parties hereto desire to enter into a formal  agreement for
the operation and management of the Company's affairs and the  implementation of
the Plan;

       NOW THEREFORE,  in  consideration  of the mutual covenants and agreements
herein contained, it is agreed that Capston shall provide certain administrative
and  marketing  services  for the  Company  in  accordance  with the  terms  and
provisions of this agreement, which are as follows, to-wit:

                                    Article I
                             Compensation to Manager

       1.1 As its sole  compensation  for services to be rendered in  connection
with the  development  and  implementation  of the Plan and the operation of the
Company pursuant to this agreement,  the Founders agree to pay a cash fee to the
manager equal to:

o 80% of the first $150,000 in cash proceeds from the sale of founders'  shares;
plus o 50% of the  second  $150,000  in  cash  proceeds  from  the  sale  of the
founders'  shares;  plus o 20% of any additional cash proceeds received from the
sale of the founders' shares.

Except as  specifically  provided in this  Agreement,  the Manager  shall not be
entitled to receive any direct or indirect cash  compensation  from the Company,
any common stock or other  securities of the Company,  or any options,  warrants
appreciation  rights  or  similar  instruments  that will or might  entitle  the
Manager to  receive  direct or  indirect  compensation  from the  Company in the
future.

                                   Article II
                                Powers of Manager

       2.1 Subject at all times to the supervision, direction and control of the
Company's  board of  directors,  Manager  shall  have all  necessary  power  and
authority to, manage,  supervise and administer the day-to-day  business affairs
of the Company and shall use reasonable commercial efforts to seek,  investigate
and, if the results of such investigation warrant,  assist in the negotiation of
a  business  combination  with  a  suitable  Target  that  seeks  the  perceived
advantages of a business combination with a Reporting Public Shell.

                                   Article III
                                   Operations

       3.1 The Manager shall  discharge all of its obligations to the Company in
a professional manner. The Manager shall maintain a competent professional staff
and the Company's board of directors shall, at all times,  have the authority to
approve or disapprove the Manager's proposed assignment of administrative  staff
to the affairs of the Company.  In connection  with all  operations on behalf of
the Company,  the Manager shall adhere to the standard of care that is customary
and usual in the activities of similarly  situated  Reporting  Public Shells who
are seeking to effect a business combination with a Target.

       3.2 The number of employees, the selection of such employee, the hours of
labor and the  compensation  for services to be paid any and all such  employees
shall be determined by Manager, and all such employees shall be the employees of
and paid by the Manager.

       3.3 The Manager shall retain such consultants,  subcontractors, employees
and agents as may be necessary to discharge the duties set forth in this Article
III in a prompt,  professional  and timely manner.  Except as  specifically  set
forth herein,  all fees, wages,  charges and expenses incurred by the Manager in
connection  with  the   performance  of  its  duties   hereunder  shall  be  the
responsibility  and  obligation  of, and paid by, the  Manager,  and the Manager
hereby  expressly  agrees to indemnify  and hold the Company  harmless  from and
against all costs and expenses, including attorney's fees, judgments and amounts
paid in  settlement,  which  may be paid  or  incurred  by any  such  person  in
connection with or as a result of any claim,  demand,  action or right of action
which in any way arises  from or relates to the  performance  of any duty of the
Manager under the terms of this Agreement.

                                   Article IV
                     Employment of Professionals and Finders

       4.1 In connection  with the  investigation  of potential  Targets and the
negotiation  of a business  combination  agreement with at Target  Company,  the
Manager shall be authorized,  subject to the approval of the Company's  Board of
Directors,  to retain such  attorneys,  accountants and other  professionals  to
represent  and assist the Company as the Manager  deems  reasonable  and prudent
under the  circumstances.  The fees of such  professionals  shall be  treated as
direct  operating  expenses  of the  Company  and paid by the  Company  from its
available cash resources.  Notwithstanding the generality of the foregoing,  the
Manager shall have no authority to bind the Company to any professional  service
agreement and all proposed  agreements  must be submitted to and approved by the
Company's Board of Directors.

       4.2 In connection  with the  investigation  of potential  Targets and the
negotiation  of a business  combination  agreement with at Target  Company,  the
Manager shall be authorized,  subject to the approval of the Company's  Board of
Directors,  to enter into such  agreements  with third party finders as it deems
reasonable  and  prudent  under  the  circumstances.   In  connection  with  the
engagement  of such  finders,  and  subject at all times to the  approval of the
Company's  Board of Directors,  the Manager may negotiate  fee  agreements  that
provide the payment of fees to unrelated  third party  finders who introduce the
Company to a suitable  Target.  All finder's  fees shall be treated as operating
expenses of the Company and paid by the Company  from its  available  resources,
provided,  however,  that no fees  may be paid to any  finders  retained  by the
Manager  without  the express  written  consent of both the  Company's  Board of
Directors and the management of the Target.

                                    Article V
                           Specific Duties of Manager

       5.1 The Manager shall have the primary  responsibility for conducting all
of the Company's  existing and proposed  operations  in a good and  professional
manner  with due regard for the rights  and  interests  of all of the  Company's
Stockholders In furtherance, and not in limitation of the foregoing, the Manager
shall:

         a.       Conduct all of the Company's existing and proposed  operations
                  in accordance  with  applicable law and the provisions of this
                  Agreement;

         b.       Conduct all of the Company's existing and proposed  operations
                  in a good and  workmanlike  manner as would a prudent  manager
                  under the same or similar circumstances;

         c.       Keep the Company's Board of Directors informed with respect to
                  all  operations  of  the  Company,  all  investigations  of or
                  negotiations  with  potential  Target  Companies,   all  other
                  matters which they are entitled to know under  applicable  law
                  and all additional  matters it deems to be important under the
                  circumstances;

         d.       Keep the Company's  Stockholders informed of all matters which
                  they  are  entitled  to  know  under  applicable  law  and all
                  additional   matters  it  deems  to  be  important  under  the
                  circumstances;

         e.       Keep the Company  and its  properties,  if any,  free from all
                  liens   and   encumbrances   occasioned   by  the   operations
                  contemplated hereby;

         f.       Retain at its sole  cost,  risk and  expense  such  employees,
                  experts and  consultants  as may be  necessary or desirable in
                  the  discharge  of the duties of the Manager set forth in this
                  Agreement;

         g.       Maintain  complete,  correct and accurate  books,  records and
                  accounts  and  furnish  to the  Company's  Board of  Directors
                  periodic reports in such detail as may be reasonably  required
                  to  permit  the  Company  to  fully  discharge  its  reporting
                  obligations under the Exchange Act and other applicable law;

         i.       Make all  information  concerning  the Company  available  for
                  inspection  by  the  Board  of  Directors  or  the  authorized
                  representatives of the Stockholders.

                                   Article VI
                               Payment of Expenses

       6.1 All  direct  costs  and  expenses  accruing  or  resulting  from  the
operation of the Company  pursuant to this agreement and the  implementation  of
the Company's business plan shall be paid from the existing capital resources of
the Company.

       6.2 In the event that the  available  cash  resources  of the Company are
insufficient  to  provide  for the  payment  of the  direct  costs and  expenses
incurred by Company, the Manager may, but shall not be obligated to advance such
funds to the Company.  If the Manager elects to advance funds to the Company for
any reason,  such advances shall be treated as unsecured  subordinated  loans to
the Company  that may only be repaid by a Target upon  completion  of a business
combination.  All such advances shall be fully subordinated to the rights of the
Company's  stockholders  under  Securities and Exchange  Commission Rule 419 and
shall not give rise to any legal,  equitable  or other claim that the Manager is
or may be entitled to  reimbursement  from the funds on deposit in the Company's
Rule 419 escrow.

       6.3 In the event that the  available  cash  resources  of the Company are
insufficient  to  provide  for the  payment  of the  direct  costs and  expenses
incurred by Company,  the Manager may ask the Founders to contribute  additional
cash to finance the ongoing operations of the Company.  The Founders may advance
such additional  funds at their sole  discretion,  but shall not be obligated to
do. If the Founders  elect to advance funds to the Company for any reason,  such
advances  shall be treated as unsecured  subordinated  loans to the Company that
may only be repaid by a Target upon  completion of a business  combination.  All
such  advances  shall be  fully  subordinated  to the  rights  of the  Company's
stockholders  under  Securities and Exchange  Commission  Rule 419 and shall not
give rise to any legal, equitable or other claim that the Founders are or may be
entitled to  reimbursement  from the funds on deposit in the Company's  Rule 419
escrow.

                                   Article VII
                              Rights of the Company

       7.1 The Company's Board of Directors shall have access to Manager and the
Manager's  employees  at all  reasonable  times to  inspect  and  supervise  the
operations of the Company and shall have access at all  reasonable  times to all
information  pertaining to the operation thereof.  Manager, upon request,  shall
furnish  the Board of  Directors  with any  information  that may be  reasonably
requested  pertaining  to  operations  of  the  Company,   including  copies  of
accounting  records,   correspondence,   due  diligence  materials  provided  by
potential  Targets,  and reports on the status of discussions  and  negotiations
with potential Targets. The Company's Board of Directors shall have the right to
inspect at all reasonable  times during business hours, the books and records of
Manager pertaining to the Company;  provided,  however, that Manager may destroy
or otherwise  dispose of any books and records relating to matters that are more
than seven years old, except records with respect to items in dispute.

                                  Article VIII
                              Liability of Manager

       8.1 The judgment and discretion of Manager  exercised in good faith shall
be the limit of the  liability  of Manager to  Company.  Manager  shall never be
liable to Company  for any act taken,  or omitted to be taken,  in good faith in
the performance of any of the provisions of this agreement. Manager shall not be
liable to Company  for any failure to perform or for any loss caused by strikes,
riots,  fires,  tornadoes,  floods or any other cause including  requirements of
governmental  agencies,  whether of like character or not, beyond the control of
Manager and which the exercise of reasonable diligence could not avoid.

                                   Article IX
                                     Notices

       9.1 All notices,  reports and correspondence  permitted or required to be
given to any party hereunder,  except as otherwise specifically provided herein,
shall be given in  writing  by U.S.  mail or by  telegram,  postage  or  charges
prepaid,  addressed  to such party at the address  listed  above.  Any party may
change  his or its  address by  appropriate  written  notice to the other  party
hereto.

                                    Article X
                  State and Federal Laws, Rules and Regulations

       10.1  All of the  terms  and  provisions  of this  agreement  are  hereby
expressly  made subject to all federal and state laws and to all valid rules and
regulations and orders of any duly constituted authority, having jurisdiction in
the  premises.  Manager  shall  prepare  and the  Company  shall  file  all such
applications,  notices,  reports and other information concerning the operations
of the Company as may be required  under the  Exchange  Act or other  applicable
law.  The  Manager at its sole cost,  risk and  expense  shall pay all costs and
expenses  incurred by Manager in preparing  periodic  and other  reports for the
benefit of the Company.  Notwithstanding  the foregoing,  all professional  fees
associated  with the  preparation  of the Company's  regulatory  reports and all
filing  fees  associated  therewith  shall be treated as direct  expenses of the
Company.  Nothing  herein  contained,  however,  shall  obligate  the Manager to
prepare any applications,  notices, reports and other information concerning the
operations  of the  Company  from  and  after  the  closing  date of a  business
combination transaction of the type contemplated by the Plan.

                                   Article XI
                                  Force Majeure

       11.1 If any  party  is  rendered  unable,  wholly  or in  part,  by force
majeure,  to carry out its  obligations  under  this  Agreement,  other than the
obligation  to make money  payments,  that party  shall the other  party  prompt
written notice of the force majeure, with reasonably full particulars concerning
it; thereupon, the obligation of the party giving the notice, so far as they are
affected by the force majeure,  shall be suspended  during,  but no longer than,
the  continuance  of the  force  majeure.  The  affected  party  shall  use  all
reasonable  diligence to remove the force  majeure as quickly as  possible.  The
term "force majeure" as here employed shall mean an Act of God, strike,  lockout
or other industrial disturbance,  act of the public enemy, war, blockade, public
riot,  lightning,   fire,  storm,  flood,  explosion,   governmental  restraint,
unavailability  of  equipment,   and  any  other  cause,  whether  of  the  kind
specifically  enumerated above or otherwise,  which is not reasonably within the
control of the party claiming suspension.

                                   Article XII
                                      Term

       12.1 Subject to other provisions  hereof,  this agreement shall remain in
full force and effect  until the earlier of (a) the  closing  date of a business
combination  transaction  of the  type  contemplated  by the  Plan,  or (b)  the
expiration of the 18 month period specified in Section 1.2 hereof, at which time
all powers and responsibilities of the Manager shall terminate.

                                  Article XIII
                                Other Provisions

       13.1   Notwithstanding   anything  to  the  contrary  contained  in  this
Agreement, the following items pertaining to the management of the Company shall
not be considered as administrative  overhead,  and Manager shall be entitled to
make a direct charge to the Company or the Target Company for same:

     a.  Fees for  third-party  legal services,  costs and expenses  incurred in
         connection with  preparation and filing of a Current Report on From 8-K
         to reflect the  consummation of a business  combination  transaction of
         the type contemplated by the Plan.

     b.  Fees for third party  professional  and contract  services of personnel
         directly  connected with or engaged in the  consummation  of a business
         combination transaction of the type contemplated by the Plan, provided,
         however,  that all agreements with such professional  service providers
         or contract service  personnel shall be subject,  in all events, to the
         prior approval of the Company's Board of Directors.

       13.2 This agreement and of the terms and  provisions  hereof shall extend
to  and  be  binding  upon  the  parties   hereto,   their   respective   heirs,
representatives, successors and assigns, and shall be enforceable by the parties
in any court of competent jurisdiction.

                                   Article XIV
                         Representations and Warranties

       14.1 Organization and Qualification.  The Company is a corporation,  duly
organized,  validly  existing  and in good  standing  under the laws of State of
Delaware and has all requisite power and authority to own, lease and operate its
properties  and to carry on its  business as it is now being  conducted,  and is
duly qualified and in good standing to do business in each jurisdiction in which
the nature of the business  conducted  by it or the  ownership or leasing of its
properties makes such qualification necessary.

       14.2 Articles of  Incorporation  and By-Laws.  The Company has heretofore
furnished   to  Manager  a  complete   and  correct  copy  of  the  Articles  of
Incorporation  and the By-Laws,  as amended or restated to the date hereof.  The
Company  is  not in  violation  of any of  the  provisions  of its  Articles  of
Incorporation or By-Laws.

       14.3 Capitalization. The authorized capital stock of the Company consists
of 25,000,000  shares of common stock,  $.001 par value and 5,000,000  shares of
preferred  stock,  $0.001 par value. As of the date hereof (before giving effect
to the  transactions  contemplated  herein) (i) 1,500,000 shares of common stock
are issued and outstanding,  all of which are duly  authorized,  validly issued,
fully paid and  nonassessable  and not subject to preemptive  rights  created by
statute,  the Company's Articles of Incorporation or By-Laws or any agreement to
which the  Company  is a party or is bound  and (ii) no shares of the  Company's
Preferred Stock are outstanding.  There are no options, warrants, calls or other
rights (including registration rights), agreements,  arrangements or commitments
presently outstanding obligating the Company to issue, deliver, sell or register
shares of its capital stock or debt  securities,  or  obligating  the Company to
grant, extend or enter into any such option,  warrant, call or other such right,
agreement, arrangement or commitment.

       14.4 Subsidiaries.  The Company does not have any subsidiaries or own any
interest in any enterprise  (whether or not such  enterprise is a  corporation).
The Company has either sold to third  parties,  or dissolved in accordance  with
applicable  law,  all  corporations,  partnerships  and  other  incorporated  or
unincorporated   enterprises  in  which  it  has  previously  had  an  interest,
regardless  of whether  such  interest  arose from stock  ownership,  management
control or otherwise.

       14.5  Authority.  Each of the Company and its Board of Directors  has all
requisite  corporate  power and authority to execute and deliver this Agreement,
to  perform  its  obligations  hereunder  and  to  consummate  the  transactions
contemplated  herein.  The  execution  and  delivery of this  Agreement  and the
consummation of the transactions  contemplated  herein have been duly authorized
by all necessary corporate action and no other corporate  proceeding on the part
of the Company (including,  without limitation, any approval by the shareholders
of the Company of this  Agreement or the  transactions  contemplated  herein) is
necessary  to  authorize  this  Agreement  or  to  consummate  the  transactions
contemplated  herein. This Agreement has been duly executed and delivered by the
Company  and its  Board  of  Directors  and,  assuming  the  due  authorization,
execution  and  delivery  hereof by Capston,  constitutes  the legal,  valid and
binding  obligation of the Company  enforceable in accordance with its terms (i)
except as limited by bankruptcy, insolvency, reorganization, moratorium or other
similar  law now or  hereafter  in effect  relating to or  affecting  creditors'
rights generally, and without limitation,  the effect of statutory or other laws
regarding fraudulent  conveyances and preferential transfers and (ii) subject to
the limitations  imposed by general rules of equity  (regardless of whether such
enforceability is considered at law or in equity).

       14.6 No Conflict;  Required  Filings and Consents.  (a) The execution and
delivery of this Agreement by the Company does not, and the  performance of this
Agreement  by the Company will not (i)  conflict  with or violate the  Company's
Certificate of Incorporation or By-Laws,  as amended or restated,  (ii) conflict
with or violate any Laws in effect as of the date of this  Agreement  applicable
to the Company or by which any of its  properties  is bound,  or (iii) result in
any breach of or  constitute a default (or an event that with notice or lapse of
time or both  would  become a  default)  under,  or give to others any rights of
termination,  amendment,  acceleration  or  cancellation  of, or require payment
under,  or  result  in the  creation  of a lien or  Encumbrance  on,  any of the
properties  or assets of the  Company  pursuant  to, any note,  bond,  mortgage,
indenture,  contract,  agreement,  lease,  license,  permit,  franchise or other
instrument or obligation to which the Company is a party or by which the Company
or any of its  properties  is bound or subject  except for  breaches,  defaults,
events, rights of termination,  amendment, acceleration or cancellation, payment
obligations  or liens or  Encumbrances  that would not have a  material  adverse
effect on the business,  properties,  assets, condition (financial or otherwise)
operations or prospects of the Company, taken as a whole, or on the transactions
herein contemplated.

       (b) The execution  and delivery of this  Agreement by the Company and the
performance  of this  Agreement  by the Company  does not require the Company to
obtain any consent, approval,  authorization or permit of, or to make any filing
with or  notification  to, any  Governmental  Entities,  except  for  applicable
requirements,  if any, of (i) the  Securities  Exchange Act of 1934,  as amended
(the "Exchange Act") or the securities laws of any other jurisdiction (the "Blue
Sky Laws") and the National  Association of Securities  Dealers,  and (ii) where
the failure to obtain such consents, approvals, authorizations or permits, or to
make such filings or  notifications,  would not,  either  individually or in the
aggregate,  prevent the  Company  from  performing  its  obligations  under this
Agreement.

       14.7 Permits; Compliance. The Company is in possession of all franchises,
grants,  authorizations,  licenses, permits, easements,  variances,  exemptions,
consents, certificates, approvals and orders necessary to own, lease and operate
its  properties  and to  carry  on its  business  as it is now  being  conducted
(collectively, the "the Company Permits"), and there is no action, proceeding or
investigation pending or, to the knowledge of the Company, threatened, regarding
suspension or cancellation of any of the Company Permits.  The Company is not in
conflict  with,  or in default or  violation  of (a) any Law  applicable  to the
Company or by which any of its  properties is bound or subject or (b) any of the
Company Permits.

       14.8 No Undisclosed Liabilities. There are no liabilities of the Company,
whether accrued, contingent,  absolute,  determined,  determinable or otherwise,
and there is no existing  condition,  situation  or set of  circumstances  which
could reasonably be expected to result in such a liability.

       14.9 Absence of Litigation.  There is no claim, action, suit, litigation,
proceeding,  arbitration or, to the knowledge of the Company,  investigation  of
any  kind,  at  law or in  equity  (including  actions  or  proceedings  seeking
injunctive  relief),  pending or, to the  knowledge of the  Company,  threatened
against the Company or any  properties  or rights of the Company and the Company
is not subject to any continuing order of, consent decree,  settlement agreement
or other similar  written  agreement  with, or, to the knowledge of the Company,
continuing  investigation by, any Governmental  Entity, or any judgment,  order,
writ,  injunction,  decree or award of any  Governmental  Entity or  arbitrator,
including, without limitation, cease and desist or other orders.

       IN WITNESS WHEREOF,  the parties have executed this Agreement on the date
first set forth above

Win or Lose Acquisition Corporation         Capston Network Company
(the Company)                               (the Manager)

By: /s/ Sally A. Fonner                      By: /s/ Sally A. Fonner
    -------------------------------              -------------------------------
       Sally A. Fonner, President                Sally A. Fonner, Sole Director

John L. Petersen, as a Founder and beneficial
Owner of 500,000 Founders' Shares

/s/ John L. Petersen
---------------------------------------------
John L. Petersen

Rachel A. Fefer, as a Founder and beneficial
Owner of 500,000 Founders' Shares

/s/ Rachel A. Fefer
---------------------------------------------
Rachel A. Fefer

Mark R. Dolan, as a Founder and beneficial
Owner of 500,000 Founders' Shares

/s/ Mark R. Dolan
---------------------------------------------
Mark R. DolanHBOA HOLDINGS, INC.
                         NON-QUALIFIED STOCK OPTION PLAN

<PAGE>

                                Table of Contents

                                                                        Page
                                                                        ----

1.       Administration...................................................1

2.       Grants...........................................................2

3.       Shares Subject to the Plan.......................................2

4.       Eligibility for Participation....................................3

5.       Granting of Options..............................................3

6.       Withholding of Taxes.............................................8

7.       Transferability of Grants........................................8

8.       Reorganization of the Company....................................9

9.       Requirements for Issuance or Transfer of Shares..................9

10.      Amendment and Termination of the Plan...........................10

11.      Funding of the Plan.............................................10

12.      Rights of Participants..........................................10

13.      No Fractional Shares.  .........................................10

14.      Headings.  .....................................................10

15.      Effective Date of the Plan......................................11

16.      Miscellaneous...................................................11

                                      C-2
<PAGE>

                               HBOA HOLDINGS, INC.
                         NON-QUALIFIED STOCK OPTION PLAN

         The purpose of the HBOA Holdings, Inc. Non-Qualified Stock Option Plan
(the "Plan") is to provide (i) designated employees of HBOA Holdings, Inc. (the
"Company") and its subsidiaries, (ii) certain Key Advisors (as defined in
Section 4(a)) who perform services for the Company or its subsidiaries and (iii)
non-employee members of the Board of Directors of the Company (the "Board") with
the opportunity to receive grants of nonqualified stock options. The Company
believes that the Plan will encourage the participants to contribute materially
to the growth of the Company, thereby benefiting the Company's shareholders, and
will align the economic interests of the participants with those of the
shareholders.

         1.       Administration.
                  --------------

                  (a)      Committee. The Plan shall be administered and
interpreted by the Board of Directors or a committee appointed by the Board (the
Board of Directors in such capacity or any committee appointed by the Board of
Directors is referred to hereafter as the "Committee"). The Committee as
appointed by the Board shall consist of two or more persons appointed by the
Board, all of whom may or may not be "outside directors" as defined under
section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code") and
related Treasury regulations and may be "non-employee directors" as defined
under Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act").

                  (b)      Committee Authority. The Committee shall have the
sole authority to (i) determine the individuals to whom grants shall be made
under the Plan, (ii) determine the type, size and terms of the grants to be made
to each such individual, (iii) determine the time when the grants will be made
and the duration of any applicable exercise or restriction period, including the
criteria for exercisability and the acceleration of exercisability and (iv) deal
with any other matters arising under the Plan.

                  (c)      Committee Determinations. The Committee shall have
full power and authority to administer and interpret the Plan, to make factual
determinations and to adopt or amend such rules, regulations, agreements and
instruments for implementing the Plan and for the conduct of its business as it
deems necessary or advisable, in its sole discretion. The Committee's
interpretations of the Plan and all determinations made by the Committee
pursuant to the powers vested in it hereunder shall be conclusive and binding on
all persons having any interest in the Plan or in any awards granted hereunder.
All powers of the Committee shall be executed in its sole discretion, in the
best interest of the Company, not as a fiduciary, and in keeping with the
objectives of the Plan and need not be uniform as to similarly situated
individuals.

                                      C-3
<PAGE>

         2. Grants. Awards under the Plan will consist of grants of nonqualified
stock options as described in Section 5 ("Nonqualified Stock Options," "Options"
or "Grants.") All Grants shall be subject to the terms and conditions set forth
herein and to such other terms and conditions consistent with this Plan as the
Committee deems appropriate and as are specified in writing by the Committee to
the individual in a grant instrument (the "Grant Instrument") or an amendment to
the Grant Instrument. In the event there is an inconsistency between the terms
of the Grant Instrument and the terms of the Plan, the terms of the Plan shall
govern. The Committee shall approve the form and provisions of each Grant
Instrument. Grants under a particular Section of the Plan need not be uniform as
among the grantees.

         3.       Shares Subject to the Plan

                  (a)      Shares Authorized. Subject to the adjustment
specified below, the aggregate number of shares of common stock of the Company
("Company Stock") that may be issued or transferred under the Plan is 1,000,000
shares. The maximum aggregate number of shares of Company Stock that shall be
subject to Grants made under the Plan to any individual during any calendar year
shall be as determined by the Committee ("Award Limit"). The shares may be
authorized but unissued shares of Company Stock or reacquired shares of Company
Stock, including shares purchased by the Company on the open market for purposes
of the Plan. If and to the extent Options granted under the Plan terminate,
expire, or are canceled, forfeited, exchanged or surrendered without having been
exercised, the shares subject to such Grants shall again be available for
purposes of the Plan. However, to the extent Section 162(m) of the Code
requires, such shares continue to be counted against the Award Limit.

                  (b)      Adjustments. If there is any change in the number or
kind of shares of Company Stock outstanding (i) by reason of a stock dividend,
spinoff, recapitalization, stock split or combination or exchange of shares,
(ii) by reason of a merger, reorganization or consolidation in which the Company
is the surviving corporation, (iii) by reason of a reclassification or change in
par value, or (iv) by reason of any other extraordinary or unusual event
affecting the outstanding Company Stock as a class without the Company's receipt
of consideration, or if the value of outstanding shares of Company Stock is
substantially reduced as a result of a spinoff or the Company's payment of an
extraordinary dividend or distribution, the maximum number of shares of Company
Stock available for Grants, the maximum number of shares of Company Stock that
any individual participating in the Plan may be granted in any year, the number
of shares covered by outstanding Grants, the kind of shares issued under the
Plan, and the price per share or the applicable market value of such Grants
shall be appropriately adjusted by the Committee to reflect any increase or
decrease in the number of, or change in the kind or value of, issued shares of
Company Stock to preclude, to the extent practicable, the enlargement or
dilution of rights and benefits under such Grants; provided, however, that any
fractional shares resulting from such adjustment shall be eliminated. Any
adjustments determined by the Committee shall be final, binding and conclusive.

                                      C-4
<PAGE>

         With respect to Options which are granted to participants, the
compensation of whom could be subject to limitation under Section 162(m) of the
Code and which are intended to qualify as performance-based compensation under
Section 162(m)(4)(C), no adjustment or action described in this Section 3(b) or
in any other provision of the Plan shall be authorized to the extent that such
adjustment or action would cause the option to fail to qualify under Section
162(m)(4)(C), or any successor provisions thereto. Furthermore, no adjustment or
action shall be authorized to the extent the adjustment or action would result
in short-swing profits liability under Section 16 or violate the exemptive
conditions of Rule 16b-3 unless the Committee determines that the Option or
other award is not to comply with such exemptive conditions. The number of
shares of Company Stock subject to any Option shall always be rounded to the
next whole number.

         4.       Eligibility for Participation.
                  -----------------------------

                  (a)      Eligible Persons. All employees of the Company and
its subsidiaries ("Employees"), including Employees who are officers or members
of the Board, and members of the Board who are not Employees ("Non-Employee
Directors") shall be eligible to participate in the Plan. Key advisors and
consultants who perform services to the Company or any of its subsidiaries ("Key
Advisors") shall be eligible to participate in the Plan if the Key Advisors
render bona fide services and such services are not in connection with the offer
or sale of securities in a capital-raising transaction.

                  (b)      Selection of Grantees. The Committee shall select the
Employees, Non-Employee Directors and Key Advisors to receive Grants and shall
determine the number of shares of Company Stock subject to a particular Grant in
such manner as the Committee determines. Employees, Key Advisors and
Non-Employee Directors who receive Grants under this Plan shall hereinafter be
referred to as "Grantees."

         5.       Granting of Options.
                  -------------------

                  (a)      Number of Shares. The Committee shall determine the
number of shares of Company Stock that will be subject to each Grant of Options
to Employees, Non-Employee Directors and Key Advisors.

                  (b)      Type of Option and Price.
                           ------------------------

                           (i)      All Options granted under this Plan will be
Non-Qualified Stock Options.

                                      C-5
<PAGE>

                           (ii)     The  purchase price (the "Exercise
Price") of Company Stock subject to an Option shall be determined by the
Committee and may be equal to, greater than or less than the Fair Market Value
(as defined below) of a share of Company Stock on the date the Option is
granted.

                           (iii)    If the Company Stock is publicly traded,
then the Fair Market Value per share shall be determined as follows: (x) if the
principal trading market for the Company Stock is a national securities exchange
or the Nasdaq National Market, the last reported sale price thereof on the
relevant date or (if there were no trades on that date) the latest preceding
date upon which a sale was reported, or (y) if the Company Stock is not
principally traded on such exchange or market, the mean between the last
reported "bid" and "asked" prices of Company Stock on the relevant date, as
reported on Nasdaq or, if not so reported, as reported by the National Daily
Quotation Bureau, Inc. or as reported in a customary financial reporting
service, as applicable and as the Committee determines. If the Company Stock is
not publicly traded or, if publicly traded, is not subject to reported
transactions or "bid" or "asked" quotations as set forth above, the Fair Market
Value per share shall be as determined by the Committee.

                  (c)      Option Term. The Committee shall determine the term
of each Option. The term of any Option shall not exceed ten years from the date
of grant.

                  (d)      Vesting and Exercisability of Options. Options shall
vest and become exercisable in accordance with such terms and conditions,
consistent with the Plan, as may be determined by the Committee and specified in
the Grant Instrument or an amendment to the Grant Instrument. The Committee may
accelerate the vesting and/or exercisability of any or all outstanding Options
at any time for any reason. Options may, at the discretion of the Committee, be
exercised prior to vesting, provided that the optionee grants the Company a
right to repurchase any unvested shares at the exercise price upon termination
of the optionee's service to the Company.

                                      C-6
<PAGE>

                  (e)      Termination of Employment, Disability or Death.

                           (i)      Except as provided  below, an Option may
only be exercised while the Grantee is employed by or otherwise providing
service to the Company as an Employee, Key Advisor or member of the Board. In
the event that a Grantee ceases to be employed by the Company for any reason
other than a "disability", or "termination for cause", any Option which is
otherwise exercisable by the Grantee shall terminate unless exercised within one
hundred eighty days after the date on which the Grantee ceases to be employed by
the Company (or within such other period of time as may be specified in a Grant
Instrument), but in any event no later than the date of expiration of the Option
term. Any of the Grantee's Options that are not otherwise exercisable as of the
date on which the Grantee ceases to be employed by the Company shall terminate
as of such date (unless specified to the contrary in a Grant Instrument).

                           (ii)     In the event the Grantee ceases to be
employed by the Company on account of a "termination for cause" by the Company,
the unvested portion of any Option held by the Grantee shall terminate on the
date on which the Grantee ceases to be employed by the Company. Any of the
Grantee's Options which are not otherwise exercisable as of the date on which
the Grantee ceases to be employed by the Company shall terminate as of such
date (unless specified to the contrary in a Grant Instrument).

                           (iii)    In the event the Grantee ceases to be
employed by the Company because the Grantee is "disabled", any Option which is
otherwise exercisable by the Grantee shall terminate unless exercised within one
year after the date on which the Grantee ceases to be employed by the Company
(or within such other period of time as may be specified in a Grant Instrument),
but in any event no later than the date of expiration of the Option term. Any of
the Grantee's Options which are not otherwise exercisable as of the date on
which the Grantee ceases to be employed by the Company shall terminate as of
such date (unless specified to the contrary in a Grant Instrument).

                           (iv)     If the Grantee dies while employed by the
Company or within 90 days after the date on which the Grantee ceases to be
employed on account of a termination of employment specified in Section 5(e)(i)
above (or within such other period of time as may be specified in a Grant
Instrument), any Option that is otherwise exercisable by the Grantee shall
terminate unless exercised within one year after the date on which the Grantee
ceases to be employed by the Company (or within such other period of time as may
be specified in a Grant Instrument), but in any event no later than the date of
expiration of the Option term. Any of the Grantee's Options that are not
otherwise exercisable as of the date on which the Grantee ceases to be employed
by the Company shall terminate as of such date (unless specified to the contrary
in a Grant Instrument).

                           (v)      For purposes of Sections 5(e) and 6:

                                    (A)     "Company,"  when used in the phrase
         "employed by the  Company,"  shall mean the Company and its parent and
         subsidiary corporations.

                                      C-7

<PAGE>

                                    (B)     "Employed by the Company" shall mean
         employment or service as an Employee, Key Advisor or member of the
         Board (so that, for purposes of exercising Options and satisfying
         conditions with respect to Restricted Stock, a Grantee shall not be
         considered to have terminated employment or service until the Grantee
         ceases to be an Employee, Key Advisor and member of the Board), unless
         the Committee determines otherwise.

                                    (C)     "Disability" shall mean a Grantee's
         becoming disabled within the meaning of section 22(e)(3) of the Code or
         otherwise as defined in an employment consultant or other agreement
         between the Company and the Grantee.

                                    (D)     "Termination for cause" shall mean,
         except to the extent specified otherwise by the Committee or otherwise
         as defined in an employment, consultant or other agreement between the
         Company and the Grantee, a finding by the Committee that the Grantee
         has breached his or her employment, service, noncompetition,
         nonsolicitation or other similar contract with the Company, or has been
         engaged in disloyalty to the Company, including, without limitation,
         fraud, embezzlement, theft, commission of a felony or dishonesty in the
         course of his or her employment or service, or has disclosed trade
         secrets or confidential information of the Company to persons not
         entitled to receive such information. A Grant Instrument may provide
         that in the event a Grantee's employment is terminated for cause, in
         addition to the immediate termination of all Grants, the Grantee shall
         automatically forfeit all shares underlying any exercised portion of an
         Option, upon refund by the Company of the Exercise Price paid by the
         Grantee for such shares, and any option gain realized by the Grantee
         from exercising all or a portion of an Option within the two-year
         period prior to the event shall be paid by the Grantee to the Company.

                  (f) Exercise of Options. A Grantee may exercise an Option that
has become exercisable, in whole or in part, by delivering a notice of exercise
to the Company with payment of the Exercise Price. The Grantee shall pay the
Exercise Price for an Option as specified by the Committee (x) in cash, (y) with
the approval of the Committee, by delivering shares of Company Stock owned by
the Grantee for the period necessary to avoid a charge to the Company's earnings
for financial reporting purposes (including Company Stock acquired in connection
with the exercise of an Option, subject to such restrictions as the Committee
deems appropriate) and having a Fair Market Value on the date of exercise equal
to the Exercise Price or (z) by such other method as the Committee may approve,
including payment through a broker in accordance with procedures permitted by
Regulation T of the Federal Reserve Board. Shares of Company Stock used to
exercise an Option shall have been held by the Grantee for the requisite period
of time to avoid adverse accounting consequences to the Company with respect to
the Option. The Grantee shall pay the Exercise Price and the amount of any
withholding tax due (pursuant to Section 6) at the time of exercise.

                                      C-8
<PAGE>

         6.       Withholding of Taxes
                  --------------------

                  (a) Required Withholding. All Grants under the Plan shall be
subject to applicable federal (including FICA), state and local tax withholding
requirements. The Company shall have the right to deduct from all Grants paid in
cash, or from other wages paid to the Grantee, any federal, state or local taxes
required by law to be withheld with respect to such Grants. In the case of
Options and other Grants paid in Company Stock, the Company may require the
Grantee or other person receiving such shares to pay to the Company the amount
of any such taxes that the Company is required to withhold with respect to such
Grants, or the Company may deduct from other wages paid by the Company the
amount of any withholding taxes due with respect to such Grants.

                  (b) Election to Withhold Shares. If the Committee so permits,
a Grantee may elect to satisfy the Company's income tax withholding obligation
with respect to an Option or Restricted Stock paid in Company Stock by having
shares withheld up to an amount that does not exceed the Grantee's maximum
marginal tax rate for federal (including FICA), state and local tax liabilities.
The election must be in a form and manner prescribed by the Committee and shall
be subject to the prior approval of the Committee.

         7.       Transferability of Grants
                  -------------------------

                  (a) Nontransferability of Grants. Except as provided below,
only the Grantee may exercise rights under a Grant during the Grantee's
lifetime. A Grantee may not transfer those rights except by will or by the laws
of descent and distribution, and then only if and to the extent permitted in any
specific case by the Committee, pursuant to a domestic relations order (as
defined under the Code or Title I of the Employee Retirement Income Security Act
of 1974, as amended, or the regulations there under). When a Grantee dies, the
personal representative or other person entitled to succeed to the rights of the
Grantee ("Successor Grantee") may exercise such rights. A Successor Grantee must
furnish proof satisfactory to the Company of his or her right to receive the
Grant under the Grantee's will or under the applicable laws of descent and
distribution.

                  (b) Transfer of Nonqualified Stock Options. Notwithstanding
the foregoing, the Committee may provide, in a Grant Instrument, that a Grantee
may transfer Nonqualified Stock Options to family members or other persons or
entities according to such terms as the Committee may determine; provided that
(1) the Grantee receives no consideration for the transfer of an Option, (2)
such transfers complies with all applicable laws (including, but not limited to
federal securities laws requirements, specifically any requirements for options
registered on Form S-8 registration statements, state securities laws, Florida
corporate law, etc and (3) the transferred Option shall continue to be subject
to the same terms and conditions as were applicable to the Option immediately
before the transfer.

                                      C-9
<PAGE>

         8.       Reorganization of the Company.
                  -----------------------------

                  (a) Reorganization. As used herein, a "Change of Control"
shall be deemed to have occurred upon the consummation of any of the following
transactions: (i) any merger or consolidation of the Company or other
transaction (other than sales of equity by the Company for the purpose of
raising cash for its own account) where the shareholders of the Company
immediately prior to such transaction will not beneficially own immediately
after such transaction shares entitling such shareholders to more than 50% of
all votes to which all shareholders of the surviving corporation would be
entitled in the election of directors (without consideration of the rights of
any class of stock to elect directors by a separate class vote); or (ii) the
sale or other disposition of all or substantially all of the assets of the
Company.

                  (b) Assumption of Grants. Upon a Change of Control where the
Company is not the surviving corporation (or survives only as a subsidiary of
another corporation), the Company shall provide that either (i) all outstanding
Options that are not exercised shall be assumed by, or replaced with comparable
options or rights by, the surviving corporation, (ii) the Company or the
surviving company shall pay to each Grantee an amount equal to the product of
(x) the number of Options then vested and exercisable, multiplied by (ii) the
Fair Market Value per share less the Exercise Price per Option, or (iii) the
Committee may, in its sole discretion, accelerate the vesting of some or all of
the Grants.

                  (c) Notice and Acceleration. Upon a Change of Control, the
Company shall provide each Grantee who has outstanding Grants with written
notice of such Change of Control. The Committee may, in its sole discretion,
provide in a Grant Instrument that upon a Change of Control (i) all outstanding
Options shall automatically accelerate and become fully exercisable, and (ii)
the restrictions and conditions on all outstanding Restricted Stock shall
immediately lapse. If the Committee does not provide such terms in the Grant
Instrument, a Change of Control will not impact a Grant.

         9.  Limitations on Issuance or Transfer of Shares. No Company Stock
shall be issued or transferred in connection with any Grant hereunder unless and
until all legal requirements applicable to the issuance or transfer of such
Company Stock have been complied with to the satisfaction of the Committee. The
Committee shall have the right to condition any Grant made to any Grantee
hereunder on such Grantee's undertaking in writing to comply with such
restrictions on his or her subsequent disposition of such shares of Company
Stock as the Committee shall deem necessary or advisable as a result of any
applicable law, regulation or official interpretation thereof, and certificates
representing such shares may be legended to reflect any such restrictions.
Certificates representing shares of Company Stock issued or transferred under
the Plan will be subject to such stop-transfer orders and other restrictions as
may be required by applicable laws, regulations and interpretations, including
any requirement that a legend be placed thereon.

                                      C-10
<PAGE>

         10.      Amendment and Termination of the Plan

                  (a) Amendment. The Board may amend or terminate the Plan at
any time; provided, however, that the Board shall not amend the Plan without
shareholder approval if such approval is required by Section l62(m) of the Code.

                  (b) Termination of Plan. The Plan shall terminate on December
21, 2010, the day immediately preceding the tenth anniversary of its effective
date, unless the Plan is terminated earlier by the Board or is extended by the
Board with the approval of the shareholders.

                  (c) Termination and Amendment of Outstanding Grants. A
termination or amendment of the Plan that occurs after a Grant is made shall not
materially impair the rights of a Grantee unless the Grantee consents. The
termination of the Plan shall not impair the power and authority of the
Committee with respect to an outstanding Grant. Whether or not the Plan has
terminated, an outstanding Grant may be terminated or amended in accordance with
the Plan or, may be amended by agreement of the Company and the Grantee
consistent with the Plan.

                  (d)      Governing  Document.  The Plan shall be the

controlling document. No other statements, representations, explanatory
materials or examples, oral or written, may amend the Plan in any manner. The
Plan shall be binding upon and enforceable against the Company and its
successors and assigns.

         11. Funding of the Plan. This Plan shall be unfunded. The Company shall
not be required to establish any special or separate fund or to make any other
segregation of assets to assure the payment of any Grants under this Plan. In no
event shall interest be paid or accrued on any Grant, including unpaid
installments of Grants.

         12. Rights of Participants. Nothing in this Plan shall entitle any
Employee, Key Advisor or other person to any claim or right to be granted a
Grant under this Plan. Neither this Plan nor any action taken hereunder shall be
construed as giving any individual any rights to be retained by or in the employ
of the Company or any other employment rights.

         13. No Fractional Shares. No fractional shares of Company Stock shall
be issued or delivered pursuant to the Plan or any Grant. The Committee shall
determine whether cash, other awards or other property shall be issued or paid
in lieu of such fractional shares or whether such fractional shares or any
rights thereto shall be forfeited or otherwise eliminated.

         14.      Headings.  Section  headings are for reference only. In the
event of a conflict between a title and the content of a Section, the content of
the Section shall control.

         15.      Effective Date of the Plan.
                  --------------------------

                  (a)      Effective Date.  The Plan shall be effective as of
December 21, 2000.

                                      C-11

<PAGE>

                  (b) Public Offering. The provisions of the Plan that refer to
a Public Offering, or that refer to, or are applicable to persons subject to,
section 16 of the Exchange Act or section 162(m) of the Code, shall be effective
for so long as such stock is so registered.

         16.      Miscellaneous
                  -------------

                  (a) Grants in Connection with Corporate Transactions and
Otherwise. Nothing contained in this Plan shall be construed to (i) limit the
right of the Committee to make Grants under this Plan in connection with the
acquisition, by purchase, lease, merger, consolidation or otherwise, of the
business or assets of any corporation, firm or association, including Grants to
employees thereof who become Employees of the Company, or for other proper
corporate purposes, or (ii) limit the right of the Company to grant stock
options or make other awards outside of this Plan. Without limiting the
foregoing, the Committee may make a Grant to an employee of another corporation
who becomes an Employee by reason of a corporate merger, consolidation,
acquisition of stock or property, reorganization or liquidation involving the
Company or any of its subsidiaries in substitution for a stock option or
restricted stock grant made by such corporation. The terms and conditions of the
substitute grants may vary from the terms and conditions required by the Plan
and from those of the substituted stock incentives. The Committee shall
prescribe the provisions of the substitute grants.

                  (b) Loans. The Committee may, in its discretion, extend a loan
in connection with the exercise or receipt of a grant under this Plan. The terms
and conditions of any such loan shall be set by the Committee.

                  (c) Compliance with Law. The Plan, the exercise of Options and
the obligations of the Company to issue or transfer shares of Company Stock
under Grants shall be subject to all applicable laws and to approvals by any
governmental or regulatory agency as may be required. With respect to persons
subject to section 16 of the Exchange Act, it is the intent of the Company that
the Plan and all transactions under the Plan comply with all applicable
provisions of Rule 16b-3 or its successors under the Exchange Act. The Committee
may revoke any Grant if it is contrary to law or modify a Grant to bring it into
compliance with any valid and mandatory government regulation. The Committee may
also adopt rules regarding the withholding of taxes on payments to Grantees. The
Committee may, in its sole discretion, agree to limit its authority under this
Section.

                  (d) Governing Law. The validity, construction, interpretation
and effect of the Plan and Grant Instruments issued under the Plan shall
exclusively be governed by and determined in accordance with the law of the
State of Florida, without regard to conflicts of laws principles.

         Dated as of December 21, 2000.

                                       HBOA HOLDINGS, INC.

                                       By: /s/ Edward A. Saludes
                                           -------------------------------------
                                           Edward A. Saludes
                                           President and Chief Executive Officer

                                      C-12

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