Document:

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                                                                    EXHIBIT 10.2

                                  ZEFER CORP.

                            1999 STOCK OPTION PLAN

1.   PURPOSE

     The purpose of this Stock Option Plan (the "Plan") is to advance the
interests of ZEFER Corp. and its subsidiaries (together, the "Company") by
enhancing the ability of the Company to complete acquisitions and attract and
retain employees, consultants or advisers who are in a position to make
significant contributions to the success of the Company, to reward them for
their contributions and to encourage them to take into account the long-term
interests of the Company.

     The Plan provides for the award of options to purchase shares of the
Company's common stock ("Stock").  Options granted pursuant to the Plan will be
non-incentive options.

2.   ELIGIBILITY FOR AWARDS

     Persons eligible to receive awards under the Plan shall be all employees,
consultants and advisers of businesses or entities that the Company acquires
who, in the opinion of the Board of Directors of the Company (the "Board"), are
in a position to make a significant contribution to the success of the Company.
Persons selected for awards under the Plan are referred to herein as
"participants."  It is intended that the options hereunder be issued only to
employees of or consultants to businesses acquired by the Company.

3.   ADMINISTRATION

     The Plan shall be administered by the Board.  The Board shall have
authority, not inconsistent with the express provisions of the Plan, (a) to
grant awards consisting of options to such participants as the Board may select;
(b) to determine the time or times when awards shall be granted and the number
of shares of Stock subject to each award; (c) to determine the terms and
conditions of each award; (d) to prescribe the form or forms of any instruments
evidencing awards and any other instruments required under the Plan and to
change such forms from time to time; (e) to adopt, amend and rescind rules and
regulations for the administration of the Plan; and (f) to interpret the Plan
and to decide any questions and settle all controversies and disputes that may
arise in connection with the Plan.  Such determinations of the Board shall be
conclusive and shall bind all parties.  Subject to Section 8, the Board shall
also have the authority, both generally and in particular instances, to waive
compliance by a participant with any obligation to be performed by the
participant under an award, to waive any condition or provision of an award, and
to amend or cancel any award (and if an award is canceled, to grant a new award
on such terms as the Board shall specify) except that the Board may not take any
action with respect to an
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outstanding award that would adversely affect the rights of the participant
under such award without such participant's consent. Nothing in the preceding
sentence shall be construed as limiting the power of the Board to make
adjustments required by Section 5(c) and Section 6(i).

     The Board may, in its discretion, delegate some or all of its powers with
respect to the Plan to a committee (the "Committee"), in which event all
references in this Plan (as appropriate) to the Board shall be deemed to refer
to the Committee.  The Committee, if one is appointed, shall consist of at least
two directors.  A majority of the members of the Committee shall constitute a
quorum, and all determinations of the Committee shall be made by a majority of
its members.  Any determination of the Committee under the Plan may be made
without notice or meeting of the Committee by a writing signed by a majority of
the Committee members.

4.   EFFECTIVE DATE AND TERM OF PLAN

     The Plan shall become effective on the date on which it is approved by the
Board.

     No options shall be granted under the Plan after the completion of ten
years from the date on which the Plan was adopted by the Board, but options
granted on or before the completion of such ten-year period may extend beyond
that date.

5.   SHARES SUBJECT TO THE PLAN

     (a)  Number of Shares.  Subject to adjustment as provided in Section 5(c),
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the aggregate number of shares of Stock that may be delivered upon the exercise
of options granted under the Plan shall be 1,500,000.  For purposes of the
preceding sentence, the following shares of Stock shall not be considered to
have been delivered under the Plan and shall be available for future grants
within the limits set forth in this Section 5(a):  (i)  shares of Stock
remaining under an option that terminates without having been exercised in full
and (ii) shares of Stock held back, in satisfaction of the exercise price or tax
withholding requirements, from shares that would otherwise have been delivered
pursuant to an option.

     (b)  Shares to be Delivered.  Shares delivered under the Plan shall be
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authorized but unissued Stock or, if the Board so decides in its sole
discretion, previously issued Stock acquired by the Company and held in its
treasury.  No fractional shares of Stock shall be delivered under the Plan.

     (c)  Changes in Stock.  In the event of a stock dividend, stock split or
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combination of shares, recapitalization or other change in the Company's capital
stock, the number and kind of shares of Stock subject to options then
outstanding or subsequently granted under the Plan, the exercise price of such
options, the maximum number of shares of Stock that may be delivered

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under the Plan, and other relevant provisions shall be appropriately adjusted by
the Board, whose determination shall be binding on all persons.

     The Board may also adjust the number of shares subject to outstanding
options and the exercise price and the terms of outstanding options to take into
consideration material changes in accounting practices or principles,
extraordinary dividends, consolidations or mergers (except those described in
Section 6(i)), acquisitions or dispositions of stock or property or any other
event if it is determined by the Board that such adjustment is appropriate to
avoid distortion in the operation of the Plan.

6.   TERMS AND CONDITIONS OF OPTIONS

     (a)  Exercise Price of Options.  The exercise price of each option shall be
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determined by the Board, but the exercise price, in the case of an original
issue of Stock, shall not be less than par value.

     (b)  Duration of Options.  Options shall be exercisable during such period
          -------------------
or periods as the Board may specify.  The latest date on which an option may be
exercised (the "Final Exercise Date") shall be the date that is ten years from
the date the option was granted unless the Board specifies another date either
at the time the option is granted or at any time thereafter.

     (c)  Exercise of Options.  Options shall become exercisable at such time or
          -------------------
times and upon such conditions as the Board shall specify.  In the case of an
option not immediately exercisable in full, the Board may at any time accelerate
the time at which all or any part of the option may be exercised.

          (1)  Options may be exercised only in writing.  Written notice of
     exercise must be signed by the proper person and furnished to the Company,
     together with (i) such documents as the Board may require and (ii) payment
     in full as specified below in Section 6(d) for the number of shares for
     which the option is exercised.

          (2)  The delivery of Stock upon the exercise of an option shall be
     subject to compliance with (i) applicable federal and state laws and
     regulations, (ii) if the outstanding Stock is at the time listed on any
     stock exchange, the listing requirements of such exchange, and (iii)
     Company counsel's approval of all other legal matters in connection with
     the issuance and delivery of such Stock.  If the sale of Stock has not been
     registered under the Securities Act of 1933, the Company may require, as a
     condition to exercise of the option, such representations or agreements as
     counsel for the Company may consider appropriate to avoid violation of such
     Act and may require that the certificates evidencing such Stock bear an
     appropriate legend restricting transfer.

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          (3)  The Board shall have the right to require that the participant
     exercising the option remit to the Company an amount sufficient to satisfy
     any federal, state, or local withholding tax requirements (or make other
     arrangements satisfactory to the Company with regard to such taxes) prior
     to the delivery of any Stock pursuant to the exercise of the option.  If
     permitted by the Board, either at the time of the grant of the option or at
     the time of exercise, the participant may elect, at such time and in such
     manner as the Board may prescribe, to satisfy such withholding obligation
     by (i) delivering to the Company Stock (which in the case of Stock acquired
     from the Company shall have been owned by the participant for at least six
     months prior to the delivery date) having a fair market value equal to such
     withholding obligation, or (ii) requesting that the Company withhold from
     the shares of Stock to be delivered upon the exercise a number of shares of
     Stock having a fair market value equal to the minimum amount of such
     withholding obligation.

          (4)  If an option is exercised by the executor or administrator of a
     deceased participant, or by the person or persons to whom the option has
     been transferred by the participant's will or the applicable laws of
     descent and distribution, the Company shall be under no obligation to
     deliver Stock pursuant to such exercise until the Company is satisfied as
     to the authority of the person or persons exercising the option.

     (d)  Payment for and Delivery of Stock.  Stock purchased upon exercise of
          ---------------------------------
an option under the Plan shall be paid for as follows:

          (1)  in cash or by certified check, bank draft or money order payable
     to the order of the Company; or

          (2)  if so permitted by the Board, (A) through the delivery of shares
     of Stock (which, in the case of Stock acquired from the Company, shall have
     been held for at least six months prior to delivery) having a fair market
     value on the last business day preceding the date of exercise equal to the
     purchase price or (B) by delivery of a promissory note of the participant
     to the Company, such note to be payable on such terms as are specified by
     the Board or (C) if the Stock is then registered under Section 12 of the
     Securities Exchange Act of 1934, by delivery of an unconditional and
     irrevocable undertaking by a broker to deliver promptly to the Company
     sufficient funds to pay the exercise price or (D) by any combination of the
     permissible forms of payment; provided, that if the Stock delivered upon
                                   --------
     exercise of the option is an original issue of Stock, at least so much of
     the exercise price as represents the par value of such Stock shall be paid
     other than by a personal check or promissory note of the person exercising
     the option.

     (e)  Rights as Shareholder.  A participant shall not have the rights of a
          ---------------------
shareholder with regard to awards under the Plan except as to Stock actually
received by the participant under the Plan.

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     (f)  Nontransferability of Awards.  Except as the Board may otherwise
          ----------------------------
determine, no  option may be transferred other than by will or by the laws of
descent and distribution, and during a participant's lifetime an option may be
exercised only by the participant.

     (g)  Death.  If a participant dies, each option held by the participant
          -----
immediately prior to death may be exercised, to the extent it was exercisable
immediately prior to death, by the participant's executor or administrator or by
the person or persons to whom the option is transferred by will or the
applicable laws of descent and distribution, at any time within the one-year
period (or such longer or shorter period as the Board may determine) beginning
with the date of the participant's death but in no event beyond the Final
Exercise Date.  Except as the Board may otherwise determine, all options held by
a participant immediately prior to death that are not then exercisable shall
terminate on the date of death.

     (h)  Termination of Service Other Than By Death.  If an employee's
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employment with the Company terminates for any reason other than by death,
unless the Board shall otherwise determine, all options held by the employee
that are not then exercisable shall terminate.  Options that are exercisable on
the date employment terminates shall continue to be exercisable for a period of
three months (or such longer period as the Board may determine) unless the
employee was discharged for cause that in the opinion of the Board casts such
discredit on the employee as to justify termination of the employee's options.
After completion of the post-termination exercise period, such options shall
terminate to the extent not previously exercised, expired or terminated.  For
purposes of this Section 6(h), employment shall not be considered terminated (i)
in the case of sick leave or other bona fide leave of absence approved for
purposes of the Plan by the Board, so long as the employee's right to
reemployment is guaranteed either by statute or by contract, or (ii) in the case
of a transfer of employment between the Company and a subsidiary or between
subsidiaries, or to the employment of a corporation (or a parent or subsidiary
corporation of such corporation) issuing or assuming an option.

     In the case of a participant who is not an employee, provisions relating to
the exercisability of options following termination of service shall be
specified in the award.  If not so specified, all options held by such
participant that are not then exercisable shall terminate upon termination of
service.  Options that are exercisable on the date the participant's service as
a director, consultant or adviser terminates shall continue to be exercisable
for a period of three months (or such longer period as the Board may determine,
but in no event beyond the Final Exercise Date) unless the director, consultant
or adviser was terminated for cause that in the opinion of the Board casts such
discredit on him or her as to justify termination of his or her options.  After
completion of the post-termination exercise period, such options shall terminate
to the extent not previously exercised, expired or terminated.

     (i)  Mergers, etc. etc.  In the event of a consolidation or merger in which
          ------------  ---
the Company is not the surviving corporation or which results in the acquisition
of substantially all the Company's outstanding Stock by a single person or
entity or by a group of persons and/or entities acting in concert, or in the
event of the sale or transfer of substantially all the Company's assets

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(each, a "covered transaction"), all outstanding Options shall terminate upon
the completion of the covered transaction. Before the completion of the covered
transaction, the Board may take any of the following actions:

     (a)  provide that one or more of the outstanding Options shall become
     exercisable immediately prior to completion of the covered transaction;

     (b)  subject to completion of the covered transaction, if there is a
     surviving or acquiring corporation, arrange for the assumption of the
     Options or the grant to participants of replacement options by that
     corporation or an affiliate of that corporation, which awards in the case
     of incentive options shall satisfy the requirements of section 424(a) of
     the Internal Revenue Code (the "Code");

     (c)  make a cash payment in settlement of one or more of the outstanding
     Options in an amount equal to the difference between the exercise price of
     the Option and the consideration per share of Stock being received in the
     covered transaction;

     (d)  provide for none of, or any combination of, the foregoing.

7.   EMPLOYMENT RIGHTS

     Neither the adoption of the Plan nor the grant of options shall confer upon
any participant any right to continue as an employee or director of, or
consultant or adviser to, the Company or any parent or affect in any way the
right of the Company or parent to terminate the options at any time.  Except as
specifically provided by the Board in any particular case, the loss of existing
or potential profit in options granted under this Plan shall not constitute an
element of damages in the event of termination of the relationship of a
participant even if the termination is in violation of an obligation of the
Company to the participant by contract or otherwise.

8.   EFFECT, DISCONTINUANCE, CANCELLATION, AMENDMENT AND TERMINATION

     Neither adoption of the Plan nor the grant of options to a participant
shall affect the Company's right to grant options to such participant that are
not subject to the Plan, to issue to such participant Stock as a bonus or
otherwise, or to adopt other plans or arrangements under which Stock may be
issued.

     The Board may at any time discontinue granting options under the Plan.
With the consent of the participant, the Board may at any time cancel an
existing option in whole or in part and grant another option for such number of
shares as the Board specifies.  The Board may at any time or times amend the
Plan or any outstanding option for the purpose of satisfying the

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requirements of the Code or of any changes in applicable laws or regulations or
for any other purpose that may at the time be permitted by law, or may at any
time terminate the Plan as to further grants of awards, but no such amendment
shall adversely affect the rights of any participant (without the participant's
consent) under any option previously granted.

9.   GOVERNING LAW.

     This Plan shall be governed by, construed and enforced in accordance with
the laws of The Commonwealth of Massachusetts.

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                                                                    EXHIBIT 10.3

                                  ZEFER CORP.

                       2000 EMPLOYEE STOCK PURCHASE PLAN

     The following constitute the provisions of the 2000 Employee Stock Purchase
Plan of ZEFER Corp.

     1.   Purpose.  The purpose of the Plan is to provide employees of the
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Company and its Designated Subsidiaries with an opportunity to purchase Common
Stock of the Company through accumulated payroll deductions.  It is the
intention of the Company to have the Plan qualify as an "Employee Stock Purchase
Plan" under Section 423 of the Internal Revenue Code of 1986, as amended.  The
provisions of the Plan, accordingly, shall be construed so as to extend and
limit participation in a manner consistent with the requirements of that section
of the Code.

     2.   Definitions.
          -----------

          a.   "Board" shall mean the Board of Directors of the Company.

          b.   "Code" shall mean the Internal Revenue Code of 1986, as amended.

          c.   "Common Stock" shall mean the Common Stock of the Company.

          d.   "Company" shall mean ZEFER Corp. and any Designated Subsidiary of
the Company.

          e.   "Compensation" means the amount of money reportable on your
Federal Income Tax Withholding Statement (Form W-2) before any withholdings for
health insurance or under a Section 401(k), 125, 129 or similar plan, excluding
overtime, shift premium, incentive or bonus awards, allowances and
reimbursements for expenses such as relocation allowances for travel expenses,
income or gains attributable to restricted stock, stock options, stock
appreciation rights or other similar equity based compensation, imputed income
for non cash items, such as life insurance premiums, and similar items, whether
or not specifically itemized on Form W-2, but including, in the case of
salespersons, sales commissions to the extent determined by the Board or the
committee administering the Plan.

          f.   "Designated Subsidiary" shall mean any Subsidiary which has been
designated by the Board from time to time in its sole discretion as eligible to
participate in the Plan.

          g.   "Employee" shall mean any individual who is an Employee of the
Company for tax purposes whose customary employment with the Company is more
than five (5) months in any calendar year.  For purposes of the Plan, the
employment relationship shall be treated as continuing intact while the
individual is on sick leave or other leave of absence approved by the Company.
Where the period of leave exceeds 90 days and the individual's right to
reemployment is not guaranteed either by statute or by contract, the employment
relationship shall be deemed to have terminated on the 91/st/ day of such leave.
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          h.   "Enrollment Date" shall mean the first day of each Offering
Period.

          i.   "Exercise Date" shall mean the last Trading Day of each Purchase
Period.

          j.   "Fair Market Value" shall mean, as of any date, the value of
Common Stock determined as follows:

               (1)  If the Common Stock is listed on any established stock
exchange or a national market system, including without limitation The Nasdaq
National Market or The Nasdaq Small Cap Market of The Nasdaq Stock Market, its
Fair Market Value shall be the closing sales price for such stock (or the
closing bid, if no sales were reported) as quoted on such exchange or system for
the last market trading day prior to the date of such determination, as reported
in The Wall Street Journal or such other source as the Board deems reliable; or

               (2)  If the Common Stock is regularly quoted by a recognized
securities dealer but selling prices are not reported, its Fair Market Value
shall be the mean of the closing bid and asked prices for the Common Stock prior
to the date of such determination, as reported in The Wall Street Journal or
such other source as the Board deems reliable; or

               (3)  In the absence of an established market for the Common
Stock, the Fair Market Value thereof shall be determined in good faith by the
Board; or

               (4)  For purposes of the Enrollment Date of the first Offering
Period under the Plan, the Fair Market Value shall be the initial price to the
public as set forth in the final prospectus included within the registration
statement on Form S-1 filed with the Securities and Exchange Commission for the
initial public offering of the Company's Common Stock (the "Registration
Statement").

          k.   "Offering Periods" shall mean the periods of approximately twelve
(12) months during which an option granted pursuant to the Plan may be
exercised, commencing on the first Trading Day on or after January 1, April 1,
July 1 and October 1 of each year and terminating on the last Trading Day in the
periods ending twelve months later; provided, however, that the first Offering
Period under the Plan shall commence with the first Trading Day on or after the
date on which the Securities and Exchange Commission declares effective the
Company's first Registration Statement on Form S-1 under the Securities Act of
1933, as amended (the "Registration Statement"), and ending on the last Trading
Day on or before April 1, 2001.  The duration and timing of Offering Periods may
be changed pursuant to Section 4 of this Plan.

          l.   "Plan" shall mean this Employee Stock Purchase Plan.

          m.   "Purchase Period" shall mean the approximately one year period
commencing on the Enrollment Date and ending on the last Trading Day of the
related Offering Period; provided, however, that the first Purchase Period under
the Plan shall commence with the first Trading Day on or after the date on which
the Securities and Exchange Commission declares the Registration Statement
effective and shall end on the last Trading Day on or before April 1, 2001.

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          n.   "Purchase Price" shall mean 85% of the Fair Market Value of a
share of Common Stock on the Enrollment Date or on the Exercise Date, whichever
is lower; provided however, that, in the event (i) the Company's stockholders
approve an increase in the number of shares available for issuance under the
Plan, (ii) all or a portion of such additional shares are to be issued with
respect to one or more Offering Periods that are underway at the time of such
stockholder approval ("New Shares"), and (iii) the Fair Market Value of a share
of Common Stock on the date of such approval (the "Authorization Date FMV") is
higher than the Fair Market Value on the Enrollment Date for any such Offering
Period, the Purchase Price with respect to New Shares shall be 85% of the
Authorization Date FMV or the Fair Market Value of a share of Common Stock on
the Exercise Date, whichever is lower.

          o.   "Reserves" shall mean the number of shares of Common Stock
covered by each option under the Plan which have not yet been exercised and the
number of shares of Common Stock which have been authorized for issuance under
the Plan but not yet placed under option.

          p.   "Subsidiary" shall mean a corporation, domestic or foreign, of
which not less than 50% of the voting shares are held by the Company or a
Subsidiary, whether or not such corporation now exists or is hereafter organized
or acquired by the Company or a Subsidiary.

          q.   "Trading Day" shall mean a day on which national stock exchanges
and the Nasdaq System are open for trading.

     3.   Eligibility.
          -----------

          a.   Any Employee who shall be employed by the Company at least five
(5) calendar days prior to a given Enrollment Date shall be eligible to
participate in the Plan.

          b.   Any provisions of the Plan to the contrary notwithstanding, no
Employee shall be granted an option under the Plan (i) to the extent that,
immediately after the grant, such Employee (or any other person whose stock
would be attributed to such Employee pursuant to Section 424(d) of the Code)
would own capital stock of the Company and/or hold outstanding options to
purchase such stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of the capital stock of the Company or of
any Subsidiary, or (ii) to the extent that his or her rights to purchase stock
under all employee stock purchase plans of the Company and its Subsidiaries
accrues at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) worth of
stock (determined at the fair market value of the shares at the time such option
is granted) for each calendar year in which such option is outstanding at any
time.

     4.   Offering Periods.  The Plan shall be implemented by consecutive,
          ----------------
overlapping Offering Periods with a new Offering Period commencing on the first
Trading Day on or after January 1, April 1, July 1 and October 1 of each year,
or on such other date as the Board shall determine, and continuing thereafter
until terminated in accordance with Section 20 hereof; provided, however, that
the first Offering Period under the Plan shall commence with the first Trading
Day on or after the date on which the Securities and Exchange Commission
declares the Registration Statement effective and ending on the last Trading Day
on or before April 1, 2001.  The Board shall have the power to change the
duration of Offering Periods (including the

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commencement dates thereof) with respect to future offerings without stockholder
approval if such change is announced at least five (5) days prior to the
scheduled beginning of the first Offering Period to be affected thereafter.

     5.   Participation.
          -------------

          a.   An eligible Employee may become a participant in the Plan by
completing a subscription agreement in the form of Exhibit A authorizing payroll
                                                   ---------
deductions in a form provided by the Company's payroll office and filing it with
the Company's payroll office prior to the applicable Enrollment Date. An
Employee may only participate in one Offering at a time.

          b.   Payroll deductions for a participant shall commence on the first
payroll following the Enrollment Date and shall end on the last payroll in the
Offering Period to which such authorization is applicable, unless sooner
termination by the participant as provided in Section 10 hereof.

     6.   Payroll Deductions.
          ------------------

          a.   At the time a participant files his or her subscription
agreement, he or she shall elect to have payroll deductions made on each pay day
during the Offering Period in an amount not exceeding ten percent (10%) of the
Compensation which he or she receives on each pay day during the Offering
Period.

          b.   All payroll deductions made for a participant shall be credited
to his or her account under the Plan and shall be withheld in whole percentages
only. A participant may not make any additional payments into such account.

          c.   A participant may discontinue his or her participation in the
Plan as provided in Section 10 hereof, or may increase or decrease the rate of
his or her payroll deductions to not more than 10 percent (10%) or less than
zero percent (0%) not more than two (2) times during each Offering Period by
completing or filing with the Company a new subscription agreement authorizing
such change in payroll deduction rate. The Board may, in its discretion,
increase or decrease the number of participation rate changes during any
Offering Period. The change in rate shall be effective with the first full
payroll period following the fifth (5th) business day after the Company's
receipt of the new subscription agreement unless the Company elects to process a
given change in participation more quickly. A participant's subscription
agreement shall remain in effect for successive Purchase Periods unless
terminated as provided in Section 10 hereof.

          d.   At the time the option is exercised, in whole or in part, or at
the time some or all of the Company's Common Stock issued under the Plan is
disposed of, the participant must make adequate provision for the Company's
federal, state, or other tax withholding obligations, if any, which arise upon
the exercise of the option or the disposition of the Common Stock.  At any time,
the Company may, but shall not be obligated to, withhold from the participant's
compensation the amount necessary for the Company to meet applicable withholding
obligations, including any withholding required to make available to the Company
any tax

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deductions or benefits attributable to sale or early disposition of Common Stock
by the Employee.

     7.   Grant of Option. On the Enrollment Date of each Offering Period, each
          ---------------
eligible Employee participating in such Offering Period shall be granted an
option to purchase (at the applicable Purchase Price) up to a whole number of
shares of the Company's Common Stock determined by dividing $25,000 by the Fair
Market Value of a share of Common Stock on the Enrollment Date (subject to any
adjustment pursuant to Section 19), and provided that such purchase shall be
subject to the limitations set forth in Section 3(b) and 13 hereof. The option
shall be exercisable as to 100% of the total number of shares on the Exercise
Date of the Offering Period. Exercise of the option shall occur as provided in
Section 8 hereof, unless the participant has withdrawn pursuant to Section 10
hereof. The option shall expire on the last day of the Offering Period.

     8.   Exercise of Option.  Unless a participant withdraws from the Plan as
          ------------------
provided in Section 10 hereof, his or her option for the purchase of shares
shall be exercised automatically on the Exercise Date, and the maximum number of
full shares subject to option which have vested on such Exercise Date shall be
purchased for such participant at the applicable Purchase Price with the
accumulated payroll deductions in his or her account.  No fractional shares
shall be purchased.  Any other monies left over in a participant's account after
the Exercise Date shall be returned to the participant.  During a participant's
lifetime, a participant's option to purchase shares hereunder is exercisable
only by him or her.

     9.   Delivery.  As promptly as practicable after each Exercise Date on
          --------
which a purchase of shares occurs, the Company shall arrange the delivery to
each participant, as appropriate, of a certificate representing the shares
purchased upon exercise of his or her option.

     10.  Withdrawal.
          ----------

          a.   A participant may withdraw all but not less than all the payroll
deductions credited to his or her account and not yet used to exercise his or
her option under the Plan at any time by giving written notice to the Company in
the form of Exhibit B to this Plan.  All of the participant's payroll deductions
            ---------
credited to his or her account shall be paid to such participant promptly after
receipt of notice of withdrawal and such participant's option for the Offering
Period shall be automatically terminated, and no further payroll deductions for
the purchase of shares shall be made for such Offering Period.  If a participant
withdraws from an Offering Period, payroll deductions shall not resume at the
beginning of the succeeding Offering Period unless the participant delivers to
the Company a new subscription agreement.

          b.   A participant's withdrawal from an Offering Period shall not have
any effect upon his or her eligibility to participate in any similar plan which
may hereafter be adopted by the Company or in succeeding Offering Periods which
commence after the termination of the Offering Period from which the participant
withdraws.

     11.  Termination of Employment.  Upon a participant's ceasing to be an
          -------------------------
Employee, for any reason, he or she shall be deemed to have elected to withdraw
from the Plan and the payroll deductions credited to such participant's account
during the Offering Period but not yet used to

                                       5
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exercise the option shall be returned to such participant or, in the case of his
or her death, to the person or persons entitled thereto under Section 15 hereof,
and such participant's option shall be automatically terminated. The preceding
sentence notwithstanding, a participant who receives payment in lieu of notice
of termination of employment shall be treated as continuing to be an Employee
for the participant's customary number of hours per week of employment during
the period in which the participant is subject to such payment in lieu of
notice.

     12.  Interest.  No interest shall accrue on the payroll deductions of a
          --------
participant in the Plan.

     13.  Stock.
          -----

          a.   Subject to adjustment upon changes in capitalization of the
Company as provided in Section 19 hereof, the maximum number of shares of the
Company's Common Stock which shall be made available for sale under the Plan
shall be 500,000 shares.  If, on a given Exercise Date, the number of shares
with respect to which options are to be exercised exceeds the number of shares
then available under the Plan, the Company shall make a pro rata allocation of
the shares remaining available for purchase in as uniform a manner as shall be
practicable and as it shall determine to be equitable.

          b.   The participant shall have no interest or voting right in shares
covered by his option until such option has been exercised.

          c.   Shares to be delivered to a participant under the Plan shall be
registered in the name of the participant or in the name of the participant and
his or her spouse.

     14.  Administration.  The Plan shall be administered by the Board or a
          --------------
committee of members of the Board appointed by the Board.  The Board or its
committee shall have full and exclusive discretionary authority to construe,
interpret and apply the terms of the Plan, to determine eligibility and to
adjudicate all disputed claims filed under the Plan.  Every finding, decision
and determination made by the Board or its committee shall, to the full extent
permitted by law, be final and binding upon all parties.

     15.  Designation of Beneficiary.
          --------------------------

          a.   A participant may file a written designation of a beneficiary who
is to receive any shares and cash, if any, from the participant's account under
the Plan in the event of such participant's death subsequent to an Exercise Date
on which the option is exercised but prior to delivery to such participant of
such shares and cash.  In addition, a participant may file a written designation
of a beneficiary who is to receive any cash from the participant's account under
the Plan in the event of such participant's death prior to exercise of the
option.  If a participant is married and the designated beneficiary is not the
spouse, spousal consent shall be required for such designation to be effective.

          b.   Such designation of beneficiary may be changed by the participant
at any time by written notice.  In the event of the death of a participant and
in the absence of a beneficiary validly designated under the Plan who is living
at the time of such participant's

                                       6
<PAGE>

death, the Company shall deliver such shares and/or cash to the executor or
administrator of the estate of the participant, or if no such executor or
administrator has been appointed (to the knowledge of the Company), the Company,
in its discretion, may deliver such shares and/or cash to the spouse or to any
one or more dependents or relatives of the participant, or if no spouse,
dependent or relative is known to the Company, then to such other person as the
Company may designate.

     16.  Transferability.  Neither payroll deductions credited to a
          ---------------
participant's account nor any rights with regard to the exercise of an option or
to receive shares under the Plan may be assigned, transferred, pledged or
otherwise disposed of in any way (other than by will, the laws of descent and
distribution or as provided in Section 15 hereof) by the participant.  Any such
attempt at assignment, transfer, pledge or other disposition shall be without
effect, except that the Company may treat such act as an election to withdraw
funds from an Offering Period in accordance with Section 10 hereof.

     17.  Use of Funds.  All payroll deductions received or held by the Company
          ------------
under the Plan may be used by the Company for any corporate purpose, and the
Company shall not be obligated to segregate such payroll deductions.

     18.  Reports.  Individual accounts shall be maintained for each participant
          -------
in the Plan.  Statements of account shall be given to participating Employees at
least annually, which statements shall set forth the amounts of payroll
deductions, the Purchase Price, the number of shares purchased and the remaining
cash balance, if any.

     19.  Adjustments Upon Changes in Capitalization, Dissolution, Liquidation,
          ---------------------------------------------------------------------
Merger or Asset Sale.
---------------------

          a.   Changes in Capitalization.  Subject to any required action by the
               -------------------------
stockholders of the Company, the Reserves, the maximum number of shares each
participant may purchase each Purchase Period (pursuant to Section 7), as well
as the price per share and the number of shares of Common Stock covered by each
option under the Plan which has not yet been exercised shall be proportionately
adjusted for any increase or decrease in the number of issued shares of Common
Stock resulting from a stock split, reverse stock split, stock dividend,
combination or reclassification of the Common Stock, or any other increase or
decrease in the number of shares of Common Stock effected without receipt of
consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been "effected
without receipt of consideration."  Such adjustment shall be made by the Board,
whose determination in that respect shall be final, binding and conclusive.
Except as expressly provided herein, no issuance by the Company of shares of
stock of any class, or securities convertible into shares of stock of any class,
shall affect, and no adjustment by reason thereof shall be made with respect to,
the number or price of shares of Common Stock subject to an option.

          b.   Dissolution or Liquidation.  In the event of the proposed
               --------------------------
dissolution or liquidation of the Company, the Offering Period then in progress
shall be shortened by setting a new Exercise Date (the "New Exercise Date"), and
shall terminate immediately prior to the consummation of such proposed
dissolution or liquidation, unless provided otherwise by the

                                       7
<PAGE>

Board. The New Exercise Date shall be before the date of the Company's proposed
dissolution or liquidation. The Board shall notify each participant in writing,
at least ten (10) business days prior to the New Exercise Date, that the
Exercise Date for the participant's option has been changed to the New Exercise
Date and that the participant's option shall be exercised automatically on the
New Exercise Date, unless prior to such date the participant has withdrawn from
the Offering Period as provided in Section 10 hereof.

          c.   Merger or Asset Sale.  In the event of a proposed sale of all or
               --------------------
substantially all of the assets of the Company, or the merger of the Company
with or into another corporation, each outstanding option shall be assumed or an
equivalent option substituted by the successor corporation or a Parent or
Subsidiary of the successor corporation.  In the event that the successor
corporation refuses to assume or substitute for the option, any Purchase Periods
then in progress shall be shortened by setting a New Exercise Date (the "New
Exercise Date") and any Offering Periods then in progress shall end on the New
Exercise Date.  The New Exercise Date shall be before the date of the Company's
proposed sale or merger.  The Board shall notify each participant in writing, at
least ten (10) business days prior to the New Exercise Date, that the Exercise
Date for the participant's option has been changed to the New Exercise Date and
that the participant's option shall be exercised automatically on the New
Exercise Date, unless prior to such date the participant has withdrawn from the
Offering Period as provided in Section 10 hereof.

     20.  Amendment or Termination.
          ------------------------

          a.   The Board of Directors of the Company may at any time and for any
reason terminate or amend the Plan.  Except as provided in Section 19 hereof, no
such termination can affect options previously granted, provided that an
Offering Period may be terminated by the Board of Directors on any Exercise Date
if the Board determines that the termination of the Plan is in the best
interests of the Company and its stockholders.  Except as provided in Section 19
hereof, no amendment may make any change in any option theretofore granted which
adversely affects the rights of any participant.  To the extent necessary to
comply with Section 423 of the Code (or any successor rule or provision or any
other applicable law, regulation or stock exchange rule), the Company shall
obtain stockholder approval in such a manner and to such a degree as required.

          b.   Without stockholder consent and without regard to whether any
participant rights may be considered to have been "adversely affected," the
Board (or its committee) shall be entitled to change the Offering Periods, limit
the frequency and/or number of changes in the amount withheld during an Offering
Period, establish the exchange ratio applicable to amounts withheld in a
currency other than U.S. dollars, permit payroll withholding in excess of the
amount designated by a participant in order to adjust for delays or mistakes in
the Company's processing of properly completed withholding elections, establish
reasonable waiting and adjustment periods and/or accounting and crediting
procedures to ensure that amounts applied toward the purchase of Common Stock
for each participant properly correspond with amounts withheld from the
participant's Compensation, and establish such other limitations or procedures
as the Board (or its committee) determines in its sole discretion advisable
which are consistent with the Plan.

                                       8
<PAGE>

     21.  Notices.  All notices or other communications by a participant to the
          -------
Company under or in connection with the Plan shall be deemed to have been duly
given when received in the form specified by the Company at the location, or by
the person, designated by the Company for the receipt thereof.

     22.  Conditions Upon Issuance of Shares.  Shares shall not be issued with
          ----------------------------------
respect to an option unless the exercise of such option and the issuance and
delivery of such shares pursuant thereto shall comply with all applicable
provisions of law, domestic or foreign, including, without limitation, the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as
amended, the rules and regulations promulgated thereunder, and the requirements
of any stock exchange upon which the shares may then be listed, and shall be
further subject to the approval of counsel for the Company with respect to such
compliance.

          As a condition to the exercise of an option, the Company may require
the person exercising such option to represent and warrant at the time of any
such exercise that the shares are being purchased only for investment and
without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of
the aforementioned applicable provisions of law.

     23.  Term of Plan.  The Plan shall become effective upon the date of the
          ------------
Company's initial public offering of its equity securities registered on Form S-
1 with the Securities and Exchange Commission.  It shall continue in effect for
a term of ten (10) years unless sooner terminated under Section 20 hereof.

                                       9
<PAGE>

                                   EXHIBIT A
                                   ---------

                                  ZEFER CORP.

                       2000 EMPLOYEE STOCK PURCHASE PLAN

                            SUBSCRIPTION AGREEMENT
                            ----------------------

_______  Original Application        Enrollment Date:  ____________
_______  Change in Payroll Deduction Rate (Complete only Section 2 and date and
sign).
_______  Change of Beneficiary (ies) (Complete only Section 8 and date and
sign).

     1.  ______________________________ hereby elects to participate in the
ZEFER Corp. 2000 Employee Stock Purchase Plan (the "EMPLOYEE STOCK PURCHASE
PLAN") and subscribes to purchase shares of the Company's Common Stock in
accordance with this Subscription Agreement and the Employee Stock Purchase
Plan.

     2.   I hereby authorize payroll deductions from each paycheck in the amount
of ____% of my Compensation on each payday (not to exceed 10%) during the
Offering Period in accordance with the Employee Stock Purchase Plan.  (Please
note that no fractional percentages are permitted.)

     3.   I understand that said payroll deductions shall be accumulated for the
purchase of shares of Common Stock at the applicable Purchase Price determined
in accordance with the Employee Stock Purchase Plan.  I understand that if I do
not withdraw from an Offering Period, any accumulated payroll deductions will be
used to automatically exercise my option.

     4.   I have received a copy of the complete Employee Stock Purchase Plan. I
understand that my participation in the Employee Stock Purchase Plan is in all
respects subject to the terms of the Plan. I understand that my ability to
exercise the option under this Subscription Agreement is subject to stockholder
approval of the Employee Stock Purchase Plan.

     5.   Shares purchased for me under the Employee Stock Purchase Plan should
be issued in the name(s) of (Employee or Employee and Spouse only):
________________.

     6.   I understand that if I dispose of any shares received by me pursuant
to the Plan within 2 years after the Enrollment Date (the first day of the
Offering Period during which I purchased such shares) or one year after the
Exercise Date, I will be treated for federal income tax purposes as having
received ordinary income at the time of such disposition in an amount equal to
the excess of the fair market value of the shares at the time such shares were
purchased by me over the price which I paid for the shares. I HEREBY AGREE TO
NOTIFY THE COMPANY IN WRITING WITHIN 30 DAYS AFTER THE DATE OF ANY DISPOSITION
OF MY SHARES AND I WILL MAKE ADEQUATE PROVISION FOR FEDERAL, STATE OR OTHER TAX
WITHHOLDING OBLIGATIONS, IF ANY, WHICH ARISE UPON THE DISPOSITION OF THE COMMON
STOCK. The Company may, but will not be obligated to, withhold from my
compensation the amount necessary to meet any applicable withholding

                                       10
<PAGE>

obligation including any withholding necessary to make available to the Company
any tax deductions or benefits attributable to sale or early disposition of
Common Stock by me. If I dispose of such shares at any time after the expiration
of the 2-year and 1-year holding periods, I understand that I will be treated
for federal income tax purposes as having received income only at the time of
such disposition, and that such income will be taxed as ordinary income only to
the extent of an amount equal to the lesser of (1) the excess of the fair market
value of the shares at the time of such disposition over the purchase price
which I paid for the shares, or (2) 15% of the fair market value of the shares
on the first day of the Offering Period. The remainder of the gain, if any,
recognized on such disposition will be taxed as capital gain.

     7.   I hereby agree to be bound by the terms of the Employee Stock Purchase
Plan.  The effectiveness of this Subscription Agreement is dependent upon my
eligibility to participate in the Employee Stock Purchase Plan.

     8.   In the event of my death, I hereby designate the following as my
beneficiary(ies) to receive all payments and shares due me under the Employee
Stock Purchase Plan:

NAME:  (Please Print) _________________________________________________________
                      (First)       (Middle)                (Last)

____________________________________________________________________
Relationship
                                    ___________________________________
                                    Address

Employee's Social
Security Number:    ____________________________________________________

Employee's Address: ____________________________________________________
                    ____________________________________________________
                    ____________________________________________________

I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT
SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.

Dated:  _____________________________    ___________________________________
                                         Signature of Employee
                                         (Please print)

                                         ___________________________________
                                         Spouse's Signature (If beneficiary
                                         other than Spouse)

                                       11
<PAGE>

                                   EXHIBIT B
                                   ---------

                                  ZEFER CORP.

                       2000 EMPLOYEE STOCK PURCHASE PLAN

                             NOTICE OF WITHDRAWAL

     The undersigned participant in the Offering Period of the ZEFER Corp. 2000
Employee Stock Purchase Plan which began on ________________, 19 ____ (the
"Enrollment Date") hereby notifies the Company that he or she hereby withdraws
from the Offering Period.  He or she hereby directs the Company to pay to the
undersigned as promptly as practicable all the payroll deductions credited to
his or her account with respect to such Offering Period.  The undersigned
understands and agrees that his or her option for such Offering Period will be
automatically terminated.  The undersigned understands further that no further
payroll deductions will be made for the purchase of shares in the current
Offering Period and the undersigned shall be eligible to participate in
succeeding Offering Periods only by delivering to the Company a new Subscription
Agreement.

                              Name and Address of Participant:

                              ___________________________________

                              ___________________________________

                              ___________________________________
                              Signature:

                              ___________________________________

                              Date:______________________________

                                       12

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