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                                                                    EXHIBIT 10.3

                            BIO-BRIDGE SCIENCE, INC.
                            2004 STOCK INCENTIVE PLAN

                                   ARTICLE ONE

                               GENERAL PROVISIONS

I.   PURPOSE OF THE PLAN

     This 2004 Stock  Incentive  Plan is intended to promote  the  interests  of
Bio-Bridge Science,  Inc. (the "Corporation") by providing eligible persons with
the opportunity to acquire a proprietary  interest,  or otherwise increase their
proprietary  interest,  in the Corporation as an incentive for them to remain in
the  Service of the  Corporation.  Capitalized  terms  shall  have the  meanings
assigned to them in the attached Appendix.

II.  STRUCTURE OF THE PLAN

     A.   The Plan shall be divided into two separate equity programs:

          -    the  Discretionary  Option  Grant  Program  under which  eligible
               persons  may, at the  discretion  of the Plan  Administrator,  be
               granted  options  to  purchase  shares of Common  Stock and stock
               appreciation rights; and

          -    the Stock Issuance  Program under which eligible  persons may, at
               the  discretion  of the Plan  Administrator,  be issued shares of
               Common Stock directly,  either through the immediate  purchase of
               such shares or as a bonus for services  rendered the  Corporation
               (or any Parent or Subsidiary).

     B. The  provisions  of  Articles  One and Four  shall  apply to all  equity
programs  under the Plan and shall govern the interests of all persons under the
Plan.

III. ADMINISTRATION OF THE PLAN

     A. The Plan shall be  administered  by the Board or one or more  committees
appointed  by the  Board,  provided  that  (1)  beginning  with the  Section  12
Registration Date, the Primary Committee shall have sole and exclusive authority
to  administer   the  Plan  with  respect  to  Section  16  Insiders,   and  (2)
administration of the Plan may otherwise,  at the Board's discretion,  be vested
in the Primary Committee or a Secondary Committee. Beginning with the Section 12
Registration Date, any discretionary option grants or stock issuances to members
of the Primary  Committee  must be  authorized  and approved by a  disinterested
majority of the Board.

     B. Members of the Primary Committee or any Secondary  Committee shall serve
for such  period of time as the Board may  determine  and may be  removed by the
Board at any time. The Board may also at any time terminate the functions of any
Secondary Committee and reassume all powers and authority  previously  delegated
to such committee.

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     C. Each Plan  Administrator  shall,  within the scope of its administrative
functions  under  the Plan,  have  full  power  and  authority  (subject  to the
provisions of the Plan) to establish  such rules and  regulations as it may deem
appropriate  for proper  administration  of the  Discretionary  Option Grant and
Stock Issuance  Programs and to make such  determinations  under, and issue such
interpretations  of, the provisions of such programs and any outstanding options
or stock issuances  thereunder as it may deem necessary or advisable.  Decisions
of the Plan Administrator within the scope of its administrative functions under
the Plan shall be final and  binding on all  parties who have an interest in the
Discretionary Option Grant and Stock Issuance Programs under its jurisdiction or
any option or stock issuance thereunder.

     D.  Service on the  Primary  Committee  or the  Secondary  Committee  shall
constitute  service as a Board member,  and members of each such committee shall
accordingly  be  entitled to full  indemnification  and  reimbursement  as Board
members for their service on such committee.  No member of the Primary Committee
or the Secondary  Committee shall be liable for any act or omission made in good
faith with respect to the Plan or any option grants or stock issuances under the
Plan.

IV. ELIGIBILITY

     A. The persons  eligible to participate in the  Discretionary  Option Grant
and Stock Issuance Programs are as follows:

          (i) Employees,

          (ii)  non-employee  members of the Board or the board of  directors of
     any Parent or Subsidiary, and

          (iii) consultants and other independent  advisors who provide services
     to the Corporation (or any Parent or Subsidiary).

     B. Each Plan  Administrator  shall,  within the scope of its administrative
jurisdiction under the Plan, have full authority to determine:  (i) with respect
to the option grants or stock appreciation rights under the Discretionary Option
Grant Program,  which eligible persons are to receive grants,  the time or times
when such grants are to be made, the number of shares to be covered by each such
grant,  the  status of a granted  option  as  either  an  Incentive  Option or a
Non-Statutory  Option,  the  time  or  times  when  each  option  is  to  become
exercisable,  the vesting  schedule (if any) applicable to the option shares and
the maximum  term for which the option is to remain  outstanding;  and (ii) with
respect to stock  issuances  under the Stock  Issuance  Program,  which eligible
persons are to receive stock  issuances,  the time or times when such  issuances
are to be made,  the  number of shares  to be  issued to each  Participant,  the
vesting schedule (if any) applicable to the issued shares and the  consideration
for such shares.

     C. The Plan  Administrator  shall have the  absolute  discretion  either to
grant options or stock appreciation  rights in accordance with the Discretionary
Option Grant Program or to effect stock  issuances in accordance  with the Stock
Issuance Program.

V.   STOCK SUBJECT TO THE PLAN

     A. The stock  issuable  under the Plan  shall be shares of  authorized  but
unissued  or  reacquired  Common  Stock,  including  shares  repurchased  by the
Corporation  on the open  market.  The maximum  number of shares of Common Stock
initially  reserved  for  issuance  over the term of the Plan  shall not  exceed
2,000,000 shares.

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     B. Shares of Common Stock subject to outstanding options shall be available
for subsequent issuance under the Plan to the extent (i) those options expire or
terminate  for any reason  prior to  exercise  in full or (ii) the  options  are
cancelled in accordance with the cancellation-regrant provisions of Article Two.
Unvested shares issued under the Plan and subsequently  cancelled or repurchased
by the  Corporation  at the  original  exercise  or issue  price paid per share,
pursuant to the  Corporation's  repurchase rights under the Plan, shall be added
back to the number of shares of Common Stock  reserved  for  issuance  under the
Plan and shall  accordingly  be  available  for  reissuance  through one or more
subsequent  option grants or direct stock issuances under the Plan. In addition,
should the  exercise  price of an option  under the Plan be paid with  shares of
Common Stock or should shares of Common Stock otherwise  issuable under the Plan
be withheld by the Corporation in satisfaction of the withholding taxes incurred
in connection  with the exercise of an option or the vesting of a stock issuance
under the Plan, then the number of shares of Common Stock available for issuance
under the Plan shall be reduced only by the net number of shares of Common Stock
issued to the  holder of such  option  or stock  issuance,  and not by the gross
number of shares for which the option is exercised or which vest under the stock
issuance.  However,  shares  of  Common  Stock  underlying  one  or  more  stock
appreciation  rights  exercised under Section V of Article Two of the Plan shall
not be available for subsequent issuance under the Plan.

     C. If any change is made to the Common  Stock by reason of any stock split,
stock dividend,  recapitalization,  combination of shares, exchange of shares or
other change  affecting  the  outstanding  Common  Stock as a class  without the
Corporation's  receipt of consideration,  appropriate  adjustments shall be made
to: (i) the maximum  number and/or class of securities  issuable under the Plan;
(ii) the  number  and/or  class of  securities  for which any one  person may be
granted  stock options and direct stock  issuances  under this Plan per calendar
year; and (iii) the number and/or class of securities and the exercise price per
share in effect under each  outstanding  option under the Plan. Such adjustments
to the  outstanding  options are to be effected in a manner which shall preclude
the  enlargement  or dilution of rights and  benefits  under such  options.  The
adjustments  determined by the Plan  Administrator  shall be final,  binding and
conclusive.

                                   ARTICLE TWO

                       DISCRETIONARY OPTION GRANT PROGRAM

I.   OPTION TERMS

     Each  option  shall  be  evidenced  by one or more  documents  in the  form
approved by the Plan Administrator;  provided,  however, that each such document
shall  comply  with the terms  specified  below.  Each  document  evidencing  an
Incentive  Option shall,  in addition,  be subject to the provisions of the Plan
applicable to such option.

     A. EXERCISE PRICE.

          1.  The  exercise   price  per  share  shall  be  fixed  by  the  Plan
     Administrator  but shall not be less than eighty-five  percent (85%) of the
     Fair  Market  Value per share of Common  Stock on the  option  grant  date,
     except  that the  exercise  price  shall not be less than one  hundred  ten
     percent  (110%) of the Fair Market  Value per share of Common  Stock on the
     option grant date in the case of any person who owns stock  possessing more
     than ten percent (10%) of the total combined voting power of all classes of
     stock of the Corporation or its parent or subsidiary corporations.

          2. The exercise  price shall become  immediately  due upon exercise of
     the option and may,  subject to the provisions of Section I of Article Four
     and the documents  evidencing the option,  be payable in one or more of the
     forms specified below:

          (i) cash or check made payable to the Corporation,

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          (ii) with  respect to the  exercise  of options  after the  Section 12
     Registration  Date,  shares of Common Stock held for the  requisite  period
     necessary to avoid a charge to the  Corporation's  earnings  for  financial
     reporting purposes and valued at Fair Market Value on the Exercise Date, or

          (iii) with respect to the exercise of options for vested  shares after
     the Section 12  Registration  Date and to the extent the sale complies with
     all  applicable  laws relating to the  regulation  and sale of  securities,
     through a  special  sale and  remittance  procedure  pursuant  to which the
     Optionee shall concurrently  provide irrevocable  written  instructions to:
     (a) a Corporation-designated brokerage firm to effect the immediate sale of
     the purchased shares and remit to the Corporation, out of the sale proceeds
     available on the settlement  date,  sufficient funds to cover the aggregate
     exercise  price  payable  for the  purchased  shares  plus  all  applicable
     Federal,  state  and local  income  and  employment  taxes  required  to be
     withheld  by the  Corporation  by  reason  of  such  exercise;  and (b) the
     Corporation to deliver the  certificates  for the purchased shares directly
     to such brokerage firm in order to complete the sale.

     Except  to the  extent  such sale and  remittance  procedure  is  utilized,
payment  of the  exercise  price for the  purchased  shares  must be made on the
Exercise Date.

     B. EXERCISE AND TERM OF OPTIONS.  Each option shall be  exercisable at such
time or times,  during  such  period  and for such  number of shares as shall be
determined by the Plan  Administrator and set forth in the documents  evidencing
the  option.  However,  no option  shall have a term in excess of ten (10) years
measured from the option grant date.

     C. EFFECT OF TERMINATION OF SERVICE.

          1. The following  provisions  shall govern the exercise of any options
     held by the Optionee at the time of cessation of Service or death:

                  (i) Any  option  outstanding  at the  time  of the  Optionee's
            cessation of Service for any reason,  other than upon the Optionee's
            death or termination  pursuant to subparagraph  (iii) herein,  shall
            remain   exercisable  three  (3)  months  following  the  Optionee's
            termination.  If on the  date of  termination  the  Optionee  is not
            vested as to his or her entire  option,  the  shares  covered by the
            unvested  portion of the option  will  revert to the Plan.  If after
            termination  the Optionee does not exercise his or her option within
            the three (3) month  period,  the  option  will  terminate,  and the
            shares covered by such option will revert to the Plan.

                  (ii) Any option held by the  Optionee at the time of death and
            exercisable in whole or in part at that time may be exercised by the
            personal representative of the Optionee's estate or by the person or
            persons to whom the option is transferred pursuant to the Optionee's
            will or in accordance  with the laws of descent and  distribution of
            by the Optionee's  designated  beneficiary or  beneficiaries of that
            option for twelve (12) months following  Optionee's death. If at the
            time  of  death,  Optionee  is not  vested  as to his or her  entire
            option,  the shares  covered by the  unvested  portion of the option
            will  immediately  revert  to  the  Plan.  If the  option  is not so
            exercised  within  the  time  specified  herein,   the  option  will
            terminate,  and the shares covered by such option will revert to the
            Plan.

                  (iii)  Should  the   Optionee's   Service  be  terminated  for
            Misconduct  or should the Optionee  otherwise  engage in  Misconduct
            while  holding one or more  outstanding  options  under this Article
            Two, then all those options shall terminate immediately and cease to
            be outstanding.

                  (iv) During the applicable  post-Service  exercise period, the
            option  may not be  exercised  in the  aggregate  for more  than the
            number of vested shares for which the option is  exercisable  on the
            date of the Optionee's cessation of Service.  Upon the expiration of
            the applicable  exercise  period or (if earlier) upon the expiration
            of the option  term,  the  option  shall  terminate  and cease to be
            outstanding  for any vested shares for which the option has not been
            exercised.   However,   the  option  shall,   immediately  upon  the
            Optionee's   cessation  of  Service,   terminate  and  cease  to  be
            outstanding  to the extent the option is not  otherwise at that time
            exercisable for vested shares.

                                      -4-
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     2. The Plan  Administrator  shall have complete  discretion,  either at the
time an option is granted or at any time while the option  remains  outstanding,
to:

                  (i)  extend  the  period of time for  which  the  option is to
            remain  exercisable  following the  Optionee's  cessation of Service
            from the limited exercise period otherwise in effect for that option
            to such greater period of time as the Plan Administrator  shall deem
            appropriate,  but in no event  beyond the  expiration  of the option
            term, and/or

                  (ii) permit the option to be exercised,  during the applicable
            post-Service exercise period, not only with respect to the number of
            vested  shares of Common Stock for which such option is  exercisable
            at the time of the  Optionee's  cessation  of Service  but also with
            respect to one or more additional installments in which the Optionee
            would have vested had the Optionee continued in Service.

     D. NO STOCKHOLDER RIGHTS. The holder of an option shall have no stockholder
rights with respect to the shares  subject to the option until such person shall
have exercised the option, paid the exercise price and become a holder of record
of the purchased shares.

     E. REPURCHASE RIGHTS.  The Plan Administrator  shall have the discretion to
grant options which are exercisable for unvested shares of Common Stock.  Should
the Optionee cease Service while holding such unvested  shares,  the Corporation
shall have the right to repurchase, at the exercise price paid per share, any or
all of those unvested  shares.  The terms upon which such repurchase right shall
be  exercisable  (including  the  period  and  procedure  for  exercise  and the
appropriate  vesting schedule for the purchased  shares) shall be established by
the Plan Administrator and set forth in the document  evidencing such repurchase
right.

     F. LIMITED TRANSFERABILITY OF OPTIONS. During the lifetime of the Optionee,
Incentive  Options  shall be  exercisable  only by the Optionee and shall not be
assignable  or  transferable  other than by will or by the laws of  descent  and
distribution  following the  Optionee's  death.  Non-Statutory  Options shall be
subject  to the same  limitation,  except  that a  Non-Statutory  Option  may be
assigned in whole or in part during  Optionee's  lifetime to one or more members
of the Optionee's  Immediate Family or to a trust  established for the exclusive
benefit of one or more family  members or the Optionee's  former spouse,  to the
extent such assignment is in connection with Optionee's  estate plan or pursuant
to a domestic relations order. The assigned portion shall be exercisable only by
the person or persons who acquire a proprietary  interest in the option pursuant
to such  assignment.  The terms  applicable to the assigned portion shall be the
same as those in effect for this option immediately prior to such assignment and
shall  be set  forth  in such  documents  issued  to the  assignee  as the  Plan
Administrator may deem appropriate.  Notwithstanding the foregoing, the Optionee
may also designate one or more persons as the  beneficiary or  beneficiaries  of
his or her outstanding  options under this Article Two, and those options shall,
in  accordance  with such  designation,  automatically  be  transferred  to such
beneficiary  or  beneficiaries  upon the  Optionee's  death while  holding those
options.  Such  beneficiary or beneficiaries  shall take the transferred  option
subject to all the terms and conditions of this  Agreement,  including  (without
limitation)  the limited  time period  during  which the option may be exercised
following the Optionee's death.

                                      -5-
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II. INCENTIVE OPTIONS

     The terms  specified  below shall be applicable  to all Incentive  Options.
Except as modified by the  provisions of this Section II, all the  provisions of
Articles  One, Two and Four shall be applicable  to Incentive  Options.  Options
which are specifically designated as Non-Statutory Options when issued under the
Plan shall NOT be subject to the terms of this Section II.

     A. ELIGIBILITY. Incentive Options may only be granted to Employees.

     B. EXERCISE PRICE.  The exercise price per share shall not be less than one
hundred percent (100%) of the Fair Market Value per share of Common Stock on the
option grant date.

     C. DOLLAR  LIMITATION.  The  aggregate  Fair Market  Value of the shares of
Common Stock  (determined as of the respective date or dates of grant) for which
one or more options  granted to any Employee under the Plan (or any other option
plan of the  Corporation  or any  Parent or  Subsidiary)  may for the first time
become  exercisable as Incentive  Options during any one calendar year shall not
exceed the sum of One Hundred  Thousand  Dollars  ($100,000).  To the extent the
Employee  holds two (2) or more such options  which become  exercisable  for the
first  time  in  the  same  calendar  year,  the  foregoing  limitation  on  the
exercisability  of such  options as  Incentive  Options  shall be applied on the
basis of the order in which such options are granted.

     D.  FAILURE TO QUALIFY AS INCENTIVE  OPTION.  To the extent that any option
governed by this Plan does not qualify as an  Incentive  Option by reason of the
dollar  limitation  described  in Section  II.C of Article  Two or for any other
reason,  such option shall be  exercisable as a  Non-Statutory  Option under the
Federal tax laws.

     E. 10% STOCKHOLDER.  If any Employee to whom an Incentive Option is granted
is a 10%  Stockholder,  then the exercise price per share shall not be less than
one  hundred ten  percent  (110%) of the Fair  Market  Value per share of Common
Stock on the option  grant  date,  and the option term shall not exceed five (5)
years measured from the option grant date.

III. CANCELLATION AND REGRANT OF OPTIONS

     The Plan Administrator  shall have the authority to effect, at any time and
from  time to  time,  with the  consent  of the  affected  option  holders,  the
cancellation of any or all outstanding  options under the  Discretionary  Option
Grant  Program and to grant in  substitution  new options  covering  the same or
different  number of shares of Common Stock but with an exercise price per share
based on the Fair Market Value per share of Common Stock on the new grant date.

IV.  CHANGE IN CONTROL/HOSTILE TAKE-OVER

     A. No option  outstanding  at the time of a Change in Control  shall become
exercisable on an accelerated basis if and to the extent: (i) that option is, in
connection with the Change in Control,  assumed by the successor corporation (or
parent thereof) or otherwise  continued in full force and effect pursuant to the
terms of the Change in Control transaction,  (ii) such option is replaced with a
cash incentive  program of the successor  corporation which preserves the spread
existing at the time of the Change in Control on the shares of Common  Stock for
which the option is not  otherwise  at that time  exercisable  and  provides for
subsequent  payout  in  accordance  with  the  same  exercise/vesting   schedule
applicable  to those option shares or (iii) the  acceleration  of such option is
subject to other  limitations  imposed by the Plan  Administrator at the time of
the option grant.  However,  if none of the foregoing  conditions are satisfied,
then  each  option  outstanding  at the time of the  Change in  Control  but not
otherwise exercisable for all the shares of Common Stock at that time subject to
such option  shall  automatically  accelerate  so that each such  option  shall,
immediately  prior  to the  effective  date of the  Change  in  Control,  become
exercisable  for all the  shares of  Common  Stock at the time  subject  to such
option  and may be  exercised  for any or all of those  shares  as fully  vested
shares of Common Stock.

                                      -6-
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     B.  All  of the  Corporation's  outstanding  repurchase  rights  under  the
Discretionary Option Grant Program shall also terminate  automatically,  and the
shares of Common Stock subject to those terminated rights shall immediately vest
in full, in the event of any Change in Control,  except to the extent: (i) those
repurchase rights are assigned to the successor  corporation (or parent thereof)
or  otherwise  continued  in full force and effect  pursuant to the terms of the
Change in Control  transaction or (ii) such accelerated  vesting is precluded by
other limitations  imposed by the Plan  Administrator at the time the repurchase
right is issued.

     C.  Immediately  following the  consummation of the Change in Control,  all
outstanding  options shall terminate and cease to be outstanding,  except to the
extent  assumed by the successor  corporation  (or parent  thereof) or otherwise
expressly continued in full force and effect pursuant to the terms of the Change
in Control transaction.

     D. Each option which is assumed in  connection  with a Change in Control or
otherwise continued in effect shall be appropriately adjusted, immediately after
such Change in  Control,  to apply to the number and class of  securities  which
would have been  issuable  to the  Optionee  in  consummation  of such Change in
Control  had the  option  been  exercised  immediately  prior to such  Change in
Control. Appropriate adjustments to reflect such Change in Control shall also be
made to: (i) the exercise price payable per share under each outstanding option,
provided the aggregate  exercise price payable for such securities  shall remain
the same;  (ii) the maximum  number  and/or class of  securities  available  for
issuance  over the  remaining  term of the Plan;  and (iii) the  maximum  number
and/or  class of  securities  for which any one person  may be granted  options,
separately  exercisable stock appreciation  rights and direct stock issuances or
share right awards under the Plan per  calendar  year.  To the extent the actual
holders of the Corporation's outstanding Common Stock receive cash consideration
for their Common Stock in consummation of the Change in Control transaction, the
successor  corporation may, in connection with the assumption of the outstanding
options under the  Discretionary  Option Grant  Program,  substitute one or more
shares of its own common stock with a fair market value  equivalent  to the cash
consideration  paid  per  share  of  Common  Stock  in such  Change  in  Control
transaction.

     E.  The  Plan  Administrator  shall  have the  discretionary  authority  to
structure one or more outstanding  options under the Discretionary  Option Grant
Program so that those options shall,  immediately prior to the effective date of
a Change in Control,  become  exercisable  for all the shares of Common Stock at
that time subject to such options on an  accelerated  basis and may be exercised
for any or all of such shares as fully vested shares of Common Stock, whether or
not those  options are to be assumed or  otherwise  continued  in full force and
effect  pursuant to the express terms of the Change in Control  transaction.  In
addition,  the Plan  Administrator  shall have the  discretionary  authority  to
structure  one  or  more  of  the  Corporation's  repurchase  rights  under  the
Discretionary  Option  Grant  Program so that  those  rights  shall  immediately
terminate at the time of such Change in Control and shall not be  assignable  to
the successor  corporation (or parent thereof),  and the shares subject to those
terminated  rights shall  accordingly vest in full at the time of such Change in
Control.

     F. The Plan Administrator  shall have full power and authority to structure
one or more outstanding options under the Discretionary  Option Grant Program so
that  those  options  shall vest and  become  exercisable  for all the shares of
Common Stock at that time subject to such options on an accelerated basis in the
event  the  Optionee's  Service  is  subsequently  terminated  by  reason  of an
Involuntary  Termination within a designated period (not to exceed eighteen (18)
months)  following  the  effective  date of any Change in Control in which those
options do not otherwise  accelerate.  Any options so  accelerated  shall remain
exercisable  for fully  vested  shares of Common Stock until the  expiration  or
sooner  termination of the option term. In addition,  the Plan Administrator may
structure  one  or  more  of  the  Corporation's  repurchase  rights  under  the
Discretionary  Option  Grant  Program so that  those  rights  shall  immediately
terminate with respect to any shares of Common Stock held by the Optionee at the
time of his or her  Involuntary  Termination,  and the  shares  subject to those
terminated repurchase rights shall accordingly vest in full at that time.

                                      -7-
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     G.  The  Plan  Administrator  shall  have the  discretionary  authority  to
structure one or more outstanding  options under the Discretionary  Option Grant
Program so that those options shall,  immediately prior to the effective date of
a Hostile  Take-Over,  vest and become  exercisable for all the shares of Common
Stock at that time  subject to such options on an  accelerated  basis and may be
exercised  for any or all of such shares as fully vested shares of Common Stock.
In addition,  the Plan Administrator  shall have the discretionary  authority to
structure  one  or  more  of  the  Corporation's  repurchase  rights  under  the
Discretionary  Option  Grant  Program  so  that  those  rights  shall  terminate
automatically  upon the consummation of such Hostile  Take-Over,  and the shares
subject to those  terminated  rights shall thereupon  immediately  vest in full.
Alternatively,  the Plan Administrator may condition the automatic  acceleration
of one or more outstanding options under the Discretionary  Option Grant Program
and the termination of one or more of the Corporation's  outstanding  repurchase
rights under such program upon the  Involuntary  Termination  of the  Optionee's
Service  within  a  designated  period  (not to  exceed  eighteen  (18)  months)
following  the  effective  date  of  such  Hostile  Take-Over.  Each  option  so
accelerated  shall remain  exercisable  for fully vested  shares of Common Stock
until the expiration or sooner termination of the option term.

     H. The portion of any Incentive  Option  accelerated  in connection  with a
Change in Control or Hostile Take-Over shall remain  exercisable as an Incentive
Option only to the extent the applicable One Hundred Thousand Dollar  ($100,000)
limitation  is not exceeded.  To the extent such dollar  limitation is exceeded,
the  accelerated  portion of such option shall be exercisable as a Non-Statutory
Option under the Federal tax laws.

     I. The grant of options under the Discretionary  Option Grant Program shall
in no way affect the right of the Corporation to adjust, reclassify,  reorganize
or otherwise change its capital or business structure or to merge,  consolidate,
dissolve,  liquidate  or sell or  transfer  all or any part of its  business  or
assets.

V.   STOCK APPRECIATION RIGHTS

     The Plan Administrator may, subject to such conditions as it may determine,
grant to selected  Optionee's  stock  appreciation  rights  which will allow the
holders of those rights to elect between the exercise of the  underlying  option
for shares of Common  Stock and the  surrender  of that option in exchange for a
distribution  from the  Corporation in an amount equal to the excess of: (A) the
Option  Surrender  Value of the  number  of  shares  for  which  the  option  is
surrendered;  over (B) the aggregate exercise price payable for such shares. The
distribution  may be made in shares of Common  Stock valued at Fair Market Value
on the option  surrender  date, in cash, or partly in shares and partly in cash,
as the Plan Administrator shall in its sole discretion deem appropriate.

                                      -8-
<PAGE>

                                  ARTICLE THREE

                             STOCK ISSUANCE PROGRAM

I.   STOCK ISSUANCES

     Shares of  Common  Stock may be  issued  under the Stock  Issuance  Program
through direct and immediate  issuances  without any intervening  option grants.
Each such stock issuance shall be evidenced by a Stock Issuance  Agreement which
complies with the terms specified below.

II.  STOCK ISSUANCE TERMS

     A.   PURCHASE PRICE.

          1.  The  purchase   price  per  share  shall  be  fixed  by  the  Plan
     Administrator,  but shall not be less than eighty-five percent (85%) of the
     Fair Market Value per share of Common Stock on the  issuance  date,  except
     that the exercise  price shall not be less than one hundred  percent (100%)
     of the Fair Market Value per share of Common Stock on the issuance  date in
     the case of any  person  who owns stock  possessing  more than ten  percent
     (10%) of the total  combined  voting  power of all  classes of stock of the
     Corporation or its parent or subsidiary corporations.

          2. Subject to the  provisions of Section I of Article Four,  shares of
     Common Stock may be issued under the Stock Issuance  Program for any of the
     following  items of  consideration  which the Plan  Administrator  may deem
     appropriate in each individual instance:

               (i) cash or check made payable to the Corporation, or

               (ii) past services  rendered to the Corporation (or any Parent or
          Subsidiary).

     B.   VESTING PROVISIONS.

          1. Shares of Common Stock issued under the Stock Issuance Program may,
     in the  discretion  of the Plan  Administrator,  be fully  and  immediately
     vested  upon  issuance  or may  vest in one or more  installments  over the
     Participant's period of Service or upon attainment of specified performance
     objectives. The elements of the vesting schedule applicable to any unvested
     shares of Common  Stock issued under the Stock  Issuance  Program  shall be
     determined  by the Plan  Administrator  and  incorporated  into  the  Stock
     Issuance  Agreement.  Shares of Common  Stock may also be issued  under the
     Stock  Issuance  Program  pursuant to share right awards which  entitle the
     recipients  to receive  those  shares  upon the  attainment  of  designated
     performance  goals.  Upon the attainment of such performance  goals,  fully
     vested  shares of Common Stock shall be issued upon  satisfaction  of those
     share right awards.

          2. Any new,  substituted  or additional  securities or other  property
     (including  money  paid other than as a regular  cash  dividend)  which the
     Participant may have the right to receive with respect to the Participant's
     unvested  shares of Common  Stock by  reason of any stock  dividend,  stock
     split, recapitalization, combination of shares, exchange of shares or other
     change  affecting  the  outstanding  Common  Stock as a class  without  the
     Corporation's  receipt of consideration shall be issued subject to: (i) the
     same vesting requirements  applicable to the Participant's  unvested shares
     of  Common  Stock;   and  (ii)  such  escrow   arrangements   as  the  Plan
     Administrator shall deem appropriate.

                                      -9-
<PAGE>

          3. The Participant shall have full stockholder  rights with respect to
     any  shares  of Common  Stock  issued  to the  Participant  under the Stock
     Issuance Program, whether or not the Participant's interest in those shares
     is vested.  Accordingly,  the Participant shall have the right to vote such
     shares and to receive any regular cash dividends paid on such shares.

          4. Should the Participant cease to remain in Service while holding one
     or more  unvested  shares of Common Stock  issued under the Stock  Issuance
     Program or should the  performance  objectives not be attained with respect
     to one or more such  unvested  shares of Common  Stock,  then those  shares
     shall be immediately  surrendered to the Corporation for cancellation,  and
     the Participant  shall have no further  stockholder  rights with respect to
     those shares.  To the extent the surrendered  shares were previously issued
     to the  Participant  for  consideration  paid in  cash  or cash  equivalent
     (including the Participant's purchase-money indebtedness),  the Corporation
     shall  repay  to the  Participant  the  cash  consideration  paid  for  the
     surrendered  shares and shall  cancel the unpaid  principal  balance of any
     outstanding  purchase-money  note of the  Participant  attributable  to the
     surrendered shares.

          5. The Plan  Administrator  may in its discretion  waive the surrender
     and cancellation of one or more unvested shares of Common Stock which would
     otherwise  occur upon the  cessation  of the  Participant's  Service or the
     non-attainment  of the performance  objectives  applicable to those shares.
     Such waiver  shall  result in the  immediate  vesting of the  Participant's
     interest in the shares as to which the waiver  applies.  Such waiver may be
     effected at any time,  whether before or after the Participant's  cessation
     of  Service  or  the  attainment  or   non-attainment   of  the  applicable
     performance objectives.

          6.  Outstanding  share right awards under the Stock  Issuance  Program
     shall automatically terminate, and no shares of Common Stock shall actually
     be issued in  satisfaction  of those awards,  if the  performance  goals or
     Service requirements established for such awards are not attained. The Plan
     Administrator,  however,  shall have the  discretionary  authority to issue
     shares of Common Stock under one or more outstanding  share right awards as
     to which the designated  performance goals or Service requirements have not
     been attained.

III. CHANGE IN CONTROL/HOSTILE TAKE-OVER

     A. All of the Corporation's  outstanding  repurchase rights under the Stock
Issuance  Program shall  terminate  automatically,  and all the shares of Common
Stock subject to those terminated  rights shall immediately vest in full, in the
event of any Change in Control, except to the extent (i) those repurchase rights
are  assigned to the  successor  corporation  (or parent  thereof) or  otherwise
continued in full force and effect  pursuant to the express  terms of the Change
in Control  transaction or (ii) such  accelerated  vesting is precluded by other
limitations imposed in the Stock Issuance Agreement.

     B.  The  Plan  Administrator  shall  have the  discretionary  authority  to
structure  one or more of the  Corporation's  repurchase  rights under the Stock
Issuance Program so that those rights shall automatically  terminate in whole or
in part upon the  occurrence  of a Change in Control and shall not be assignable
to the successor corporation (or parent thereof), and the shares of Common Stock
subject to those terminated rights shall immediately vest in full at the time of
such Change in Control.

     C. The Plan  Administrator  shall also have the discretionary  authority to
structure  one or more of the  Corporation's  repurchase  rights under the Stock
Issuance Program so that those rights shall automatically  terminate in whole or
in part, and the shares of Common Stock subject to those terminated rights shall
immediately vest in full, upon the Involuntary  Termination of the Participant's
Service  within  a  designated  period  (not to  exceed  eighteen  (18)  months)
following the effective date of any Change in Control in which those  repurchase
rights do not otherwise terminate.

                                      -10-
<PAGE>

         D. The Plan Administrator  shall also have the discretionary  authority
to structure one or more of the Corporation's  repurchase rights under the Stock
Issuance Program so that those rights shall automatically  terminate in whole or
in part upon the  occurrence  of a Hostile  Take-Over,  and the shares of Common
Stock subject to those terminated  rights shall  immediately vest in full at the
time of such Hostile Take-Over.

                                  ARTICLE FOUR
                                  MISCELLANEOUS

I.   FINANCING

     The Plan  Administrator  may permit any Optionee or  Participant to pay the
option  exercise  price  under the  Discretionary  Option  Grant  Program or the
purchase price of shares issued under the Stock Issuance Program by delivering a
full-recourse,   interest  bearing  promissory  note  payable  in  one  or  more
installments. The terms of any such promissory note (including the interest rate
and the terms of repayment)  shall be established by the Plan  Administrator  in
its sole  discretion.  In no  event  may the  maximum  credit  available  to the
Optionee or  Participant  exceed the sum of (i) the  aggregate  option  exercise
price or purchase price payable for the purchased  shares plus (ii) any Federal,
state and local income and employment tax liability  incurred by the Optionee or
the Participant in connection with the option exercise or share purchase.

II.  SHARE ESCROW/LEGENDS

     Unvested  shares  issued  under the Plan may,  in the Plan  Administrator's
discretion,  be  held in  escrow  by the  Corporation  until  the  Participant's
interest in such shares vests or may be issued directly to the Participant  with
restrictive legends on the certificates evidencing those unvested shares.

III. VESTING

     Notwithstanding  any other  provision  of this Plan,  the vesting  schedule
imposed with  respect to any option  grant,  share  issuance or the lapse of any
repurchase  right shall not result in the Optionee or  Participant  vesting or a
repurchase right lapsing at a rate of less than 20% per year for five years from
the date of the option grant or share issuance.

IV.  TAX WITHHOLDING

     A. The Corporation's  obligation to deliver shares of Common Stock upon the
exercise of options or the  issuance  or vesting of such  shares  under the Plan
shall be subject to the satisfaction of all applicable Federal,  state and local
income and employment tax withholding requirements.

     B.  The Plan  Administrator  may,  in its  discretion,  provide  any or all
holders of  Non-Statutory  Options or unvested  shares of Common Stock under the
Plan with the right to use shares of Common Stock in satisfaction of all or part
of the Taxes  incurred by such holders in connection  with the exercise of their
options or the vesting of their  shares.  Such right may be provided to any such
holder in either or both of the following formats:

          1. Stock Withholding:  The election to have the Corporation  withhold,
     from the shares of Common  Stock  otherwise  issuable  upon the exercise of
     such Non-Statutory Option or the vesting of such shares, a portion of those
     shares with an aggregate Fair Market Value equal to the amount of the Taxes
     (not to exceed one hundred percent (100%) of such Taxes) to be satisfied in
     such manner as designated by the holder in writing; or

                                      -11-
<PAGE>

          2. Stock Delivery: The election to deliver to the Corporation,  at the
     time the Non-Statutory  Option is exercised or the shares vest, one or more
     shares of Common Stock  previously  acquired by such holder  (other than in
     connection with the option exercise or share vesting  triggering the Taxes)
     with an  aggregate  Fair Market Value equal to the amount of the Taxes (not
     to exceed one hundred percent (100%) of such Taxes) to be satisfied in such
     manner as designated by the holder in writing.

V.   EFFECTIVE DATE AND TERM OF THE PLAN

     A. The Plan shall  become  effective  immediately  upon the Plan  Effective
Date. Options may be granted under the Discretionary Option Grant at any time on
or after the Plan Effective Date. However, no options granted under the Plan may
be  exercised,  and no shares shall be issued under the Plan,  until the Plan is
approved by the Corporation's stockholders.  If such stockholder approval is not
obtained  within  twelve (12) months  after the Plan  Effective  Date,  then all
options  previously  granted  under  this Plan shall  terminate  and cease to be
outstanding,  and no further  options  shall be granted  and no shares  shall be
issued under the Plan.

     B. The Plan shall terminate upon the EARLIEST of (i) the tenth  anniversary
of the Plan  Effective  Date,  (ii) the date on which all shares  available  for
issuance under the Plan shall have been issued as  fully-vested  shares or (iii)
the  termination  of all  outstanding  options  in  connection  with a Change in
Control. Upon such plan termination,  all outstanding option grants and unvested
stock issuances shall thereafter continue to have force and effect in accordance
with the provisions of the documents evidencing such grants or issuances.

VI.  AMENDMENT OF THE PLAN

     A. The Board shall have complete and exclusive power and authority to amend
or  modify  the  Plan in any or all  respects.  However,  no such  amendment  or
modification  shall adversely  affect the rights and obligations with respect to
stock options or unvested stock issuances at the time outstanding under the Plan
unless  the  Optionee  or  the   Participant   consents  to  such  amendment  or
modification.  In addition,  certain amendments may require stockholder approval
pursuant to applicable laws or regulations.

     B.  Options to  purchase  shares of Common  Stock may be granted  under the
Discretionary  Option  Grant  Program  and shares of Common  Stock may be issued
under the Stock  Issuance  Program  that are in each  instance  in excess of the
number of shares then available for issuance under the Plan, provided any excess
shares  actually issued under those programs shall be held in escrow until there
is obtained any required  approval of an amendment  sufficiently  increasing the
number of shares of Common Stock  available for issuance under the Plan. If such
approval is not obtained within twelve (12) months after the date the first such
excess issuances are made, then (i) any unexercised options granted on the basis
of such excess shares shall  terminate and cease to be outstanding  and (ii) the
Corporation  shall  promptly  refund to the Optionees and the  Participants  the
exercise or purchase  price paid for any excess shares issued under the Plan and
held in escrow,  together  with interest (at the  applicable  Short Term Federal
Rate) for the period  the shares  were held in  escrow,  and such  shares  shall
thereupon be automatically cancelled and cease to be outstanding.

VII. USE OF PROCEEDS

     Any cash proceeds  received by the  Corporation  from the sale of shares of
Common Stock under the Plan shall be used for general corporate purposes.

                                      -12-
<PAGE>

VIII. REGULATORY APPROVALS

     A. The  implementation  of the Plan, the granting of any stock option under
the Plan and the issuance of any shares of Common Stock (i) upon the exercise of
any granted option or (ii) under the Stock Issuance  Program shall be subject to
the  Corporation's   procurement  of  all  approvals  and  permits  required  by
regulatory  authorities  having  jurisdiction  over the Plan,  the stock options
granted under it and the shares of Common Stock issued pursuant to it.

     B. No shares of Common  Stock or other  assets shall be issued or delivered
under the Plan  unless  and until  there  shall  have been  compliance  with all
applicable  requirements  of Federal and state  securities  laws,  including the
filing and  effectiveness of the Form S-8 registration  statement for the shares
of Common Stock issuable under the Plan, and all applicable listing requirements
of any  Stock  Exchange  (or a Nasdaq  market or the  Over-the-Counter  Bulletin
Board, as applicable) on which Common Stock is then listed for trading.

IX. NO EMPLOYMENT/SERVICE RIGHTS

     Nothing in the Plan shall confer upon the Optionee or the  Participant  any
right to continue in Service  for any period of specific  duration or  interfere
with or  otherwise  restrict  in any way the rights of the  Corporation  (or any
Parent or Subsidiary  employing or retaining  such person) or of the Optionee or
the  Participant,  which  rights  are  hereby  expressly  reserved  by each,  to
terminate  such  person's  Service at any time for any  reason,  with or without
cause.

X. FINANCIAL REPORTS

     The  Corporation  shall deliver a balance and an income  statement at least
annually to each individual holding an outstanding option under the Plan, unless
such  individual  is  a  key  Employee  whose  duties  in  connection  with  the
Corporation  (or any Parent or  Subsidiary)  assure  such  individual  access to
equivalent information.

                 REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK

                                      -13-
<PAGE>

                                    APPENDIX

     The following definitions shall be in effect under the Plan:

     A. BOARD shall mean the Corporation's Board of Directors.

     B.  CHANGE IN CONTROL  shall mean a change in  ownership  or control of the
Corporation effected through any of the following transactions:

          (i) a stockholder-approved merger or consolidation in which securities
     possessing more than fifty percent (50%) of the total combined voting power
     of the Corporation's  outstanding securities are transferred to a person or
     persons  different from the persons  holding those  securities  immediately
     prior to such transaction;

          (ii) a sale, transfer or other disposition of all or substantially all
     of the Corporation's assets; or

          (iii) the acquisition, directly or indirectly by any person or related
     group of persons  (other than the  Corporation or a person that directly or
     indirectly controls, is controlled by, or is under common control with, the
     Corporation),  of beneficial ownership (within the meaning of Rule 13d-3 of
     the 1934 Act) of securities possessing more than fifty percent (50%) of the
     total combined  voting power of the  Corporation's  outstanding  securities
     pursuant to a tender or exchange  offer made directly to the  Corporation's
     stockholders which the Board recommends such stockholders accept.

     C. CODE shall mean the Internal Revenue Code of 1986, as amended.

     D. COMMON STOCK shall mean the Corporation's common stock.

     E. CORPORATION shall mean Bio-Bridge Science, Inc., a Delaware corporation,
and its successors.

     F. DISCRETIONARY  OPTION GRANT PROGRAM shall mean the discretionary  option
grant program in effect under the Plan.

     G.  EMPLOYEE  shall  mean  an  individual  who  is in  the  employ  of  the
Corporation (or any Parent or Subsidiary),  subject to the control and direction
of the employer  entity as to both the work to be  performed  and the manner and
method of performance.

     H.  EXERCISE DATE shall mean the date on which the  Corporation  shall have
received written notice of the option exercise.

     I. FAIR MARKET VALUE per share of Common  Stock on any relevant  date shall
be determined in accordance with the following provisions:

          (i) If the Common  Stock is at the time  traded on any Nasdaq  market,
     national  quotation  system,  or bulletin board, then the Fair Market Value
     shall be  deemed  equal to the  closing  selling  price per share of Common
     Stock on the date in  question,  as such price is reported  on thereon.  If
     there is no  closing  selling  price  for the  Common  Stock on the date in
     question,  then the Fair Market Value shall be the closing selling price on
     the last preceding date for which such quotation exists.

                                      -14-
<PAGE>

          (ii) If the Common Stock is at the time listed on any Stock  Exchange,
     then the Fair  Market  Value shall be deemed  equal to the closing  selling
     price  per  share of  Common  Stock on the date in  question  on the  Stock
     Exchange  determined by the Plan Administrator to be the primary market for
     the Common Stock, as such price is officially  quoted in the composite tape
     of transactions on such exchange.  If there is no closing selling price for
     the Common Stock on the date in question,  then the Fair Market Value shall
     be the  closing  selling  price on the last  preceding  date for which such
     quotation exists.

          (iii)  If the  Common  Stock  can not be  determined  pursuant  to the
     foregoing  sections,  then the Fair Market Value shall be determined by the
     Plan  Administrator  after  taking into  account  such  factors as the Plan
     Administrator shall deem appropriate.

     J. HOSTILE TAKE-OVER shall mean:

          (i) the acquisition,  directly or indirectly, by any person or related
     group of persons  (other than the  Corporation or a person that directly or
     indirectly controls, is controlled by, or is under common control with, the
     Corporation) of beneficial  ownership  (within the meaning of Rule 13d-3 of
     the 1934 Act) of securities possessing more than fifty percent (50%) of the
     total combined  voting power of the  Corporation's  outstanding  securities
     pursuant to a tender or exchange  offer made directly to the  Corporation's
     stockholders  which the  Board  does not  recommend  such  stockholders  to
     accept; or

          (ii) a  change  in the  composition  of the  Board  over a  period  of
     thirty-six  (36)  consecutive  months or less such that a  majority  of the
     Board  members  ceases,  by reason of one or more  contested  elections for
     Board membership,  to be comprised of individuals who either: (a) have been
     Board members  continuously since the beginning of such period; or (b) have
     been elected or nominated for election as Board members  during such period
     by at least a majority  of the Board  members  described  in clause (a) who
     were  still in office  at the time the  Board  approved  such  election  or
     nomination.

     K. IMMEDIATE FAMILY shall mean any child,  stepchild,  grandchild,  parent,
stepparent,   grandparent,   spouse,  sibling,   mother-in-law,   father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include
adoptive relationships.

     L. INCENTIVE  OPTION shall mean an option which satisfies the  requirements
of Code Section 422.

     M. INVOLUNTARY TERMINATION shall mean the termination of the Service of any
individual which occurs by reason of:

          (i)  such  individual's  involuntary  dismissal  or  discharge  by the
     Corporation for reasons other than Misconduct, or

          (ii) such individual's voluntary resignation following (A) a change in
     his or her position with the Corporation  which  materially  reduces his or
     her  level  of  responsibility,  (B) a  reduction  in his or her  level  of
     compensation  (including base salary,  fringe benefits and participation in
     any  corporate-performance  based bonus or incentive programs) by more than
     fifteen  percent  (15%) or (C) a relocation of such  individual's  place of
     employment by more than fifty (50) miles, provided and only if such change,
     reduction  or  relocation  is  effected  by  the  Corporation  without  the
     individual's consent.

     N. MISCONDUCT  shall mean the commission of any act of fraud,  embezzlement
or dishonesty by the Optionee or Participant, any unauthorized use or disclosure
by such person of  confidential  information or trade secrets of the Corporation
(or any  Parent or  Subsidiary),  or any other  intentional  misconduct  by such
person  adversely  affecting the business or affairs of the  Corporation (or any
Parent or Subsidiary) in a material manner.  The foregoing  definition shall not
be deemed to be inclusive of all the acts or omissions which the Corporation (or
any Parent or Subsidiary) may consider as grounds for the dismissal or discharge
of any Optionee,  Participant or other person in the Service of the  Corporation
(or any Parent or Subsidiary).

                                      -15-
<PAGE>

     O. 1934 ACT shall mean the Securities Exchange Act of 1934, as amended.

     P.  NON-STATUTORY  OPTION  shall mean an option not intended to satisfy the
requirements of Code Section 422.

     Q.  OPTIONEE  shall mean any person to whom an option is granted  under the
Discretionary Option Grant Program.

     R. OPTION  SURRENDER  VALUE  shall mean the Fair Market  Value per share of
Common Stock on the date the option is surrendered to the Corporation or, in the
event of a Hostile  Take-Over,  effected  through a tender  offer,  the  highest
reported  price  per  share  of  Common  Stock  paid by the  tender  offer or in
effecting such Hostile Take-Over, if greater. However, if the surrendered option
is an Incentive  Option,  the Option  Surrender  Value shall not exceed the Fair
Market Value per share.

     S. PARENT shall mean any  corporation  (other than the  Corporation)  in an
unbroken  chain of  corporations  ending  with the  Corporation,  provided  each
corporation in the unbroken chain (other than the Corporation) owns, at the time
of the determination,  stock possessing fifty percent (50%) or more of the total
combined  voting power of all classes of stock in one of the other  corporations
in such chain.

     T.  PARTICIPANT  shall mean any person who is issued shares of Common Stock
under the Stock Issuance Program.

     U. PERMANENT DISABILITY OR PERMANENTLY DISABLED shall mean the inability of
the Optionee or the Participant to engage in any substantial gainful activity by
reason of any medically  determinable physical or mental impairment which can be
expected  to result  in death or has  lasted  or can be  expected  to last for a
continuous period of twelve (12) months or more.

     V. PLAN shall mean the  Corporation's  2004 Stock  Incentive  Plan,  as set
forth in this document.

     W. PLAN ADMINISTRATOR shall mean the particular entity, whether the Primary
Committee,  the  Board  or the  Secondary  Committee,  which  is  authorized  to
administer  the  Discretionary  Option Grant and Stock  Issuance  Programs  with
respect to one or more classes of eligible persons, to the extent such entity is
carrying out its  administrative  functions under those programs with respect to
the persons under its jurisdiction.

     X. PLAN EFFECTIVE DATE shall mean the date on which the Plan was adopted by
the Board.

     Y.  PRIMARY  COMMITTEE  shall  mean  the  committee  of  two  (2)  or  more
non-employee   Board  members   appointed  by  the  Board  to   administer   the
Discretionary  Option Grant and Stock Issuance  Programs with respect to Section
16 Insiders following the Section 12 Registration Date.

     Z.  SECONDARY  COMMITTEE  shall mean a  committee  of two (2) or more Board
members  appointed  by the Board to  administer  any aspect of Plan not required
hereunder  to be  administered  by the  Primary  Committee.  The  members of the
Secondary  Committee may be Board members who are Employees  eligible to receive
discretionary  option  grants or direct  stock  issuances  under the Plan or any
other stock option,  stock appreciation,  stock bonus or other stock plan of the
Corporation (or any Parent or Subsidiary).

                                      -16-
<PAGE>

     AA.  SECTION 12  REGISTRATION  DATE shall mean the date on which the Common
Stock is first registered under Section 12(g) or Section 15 of the 1934 Act.

     BB. SECTION 16 INSIDER shall mean an officer or director of the Corporation
subject to the short-swing profit liabilities of Section 16 of the 1934 Act.

     CC. SERVICE shall mean the  performance of services for the Corporation (or
any  Parent  or  Subsidiary)  by a person  in the  capacity  of an  Employee,  a
non-employee  member of the board of directors or a  consultant  or  independent
advisor,  except to the extent otherwise  specifically provided in the documents
evidencing the option grant or stock issuance.

     DD.  SHORT TERM  FEDERAL  RATE shall mean the  federal  short-term  rate in
effect under Section  1274(d) of the Code for the period the shares were held in
escrow.

     EE. STOCK EXCHANGE shall mean either the American Stock Exchange or the New
York Stock Exchange.

     FF. STOCK ISSUANCE  AGREEMENT shall mean the agreement  entered into by the
Corporation  and the  Participant  at the time of  issuance  of shares of Common
Stock under the Stock Issuance Program.

     GG. STOCK ISSUANCE  PROGRAM shall mean the stock issuance program in effect
under the Plan.

     HH.  SUBSIDIARY shall mean any corporation  (other than the Corporation) in
an unbroken chain of corporations beginning with the Corporation,  provided each
corporation (other than the last corporation) in the unbroken chain owns, at the
time of the  determination,  stock possessing fifty percent (50%) or more of the
total  combined  voting  power  of all  classes  of  stock  in one of the  other
corporations in such chain.

     II. TAXES shall mean the Federal, state and local income and employment tax
liabilities  incurred by the holder of Non-Statutory  Options or unvested shares
of Common Stock in connection  with the exercise of those options or the vesting
of those shares.

     JJ. 10% STOCKHOLDER shall mean the owner of stock (as determined under Code
Section  424(d))  possessing  more than ten percent (10%) of the total  combined
voting  power of all  classes  of stock of the  Corporation  (or any  Parent  or
Subsidiary).

                                      -17-THE SECURITIES OFFERED HEREIN HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES
ACT OF 1933 (THE  "ACT") AND MAY NOT BE  OFFERED  OR SOLD IN THE U.S.  OR TO U.S
PERSONS UNLESS THE SECURITIES ARE REGISTERED UNDER THE ACT OR UNDER AN EXEMPTION
FROM THE REGISTRATION  REQUIREMENTS OF THE ACT. THIS STOCK PURCHASE AGREEMENT IS
EXECUTED IN RELIANCE UPON THE EXEMPTION PROVIDED BY SECTION 4(2) OF THE ACT.

                                TNT DESIGNS, INC.
                            STOCK PURCHASE AGREEMENT

This Stock  Purchase  Agreement  (this  "Agreement")  is made and  entered  into
between the undersigned and TNT Designs,  Inc., a corporation existing under the
laws of the State of Delaware  (the  "Issuer")  in  connection  with the private
placement  of up to a maximum  of  500,000  shares of  common  stock,  par value
$.0001, of the Issuer (the "Common Stock").

The undersigned (the "Subscriber"):

NAME:____________________________________________

ADDRESS:_________________________________________

Hereby represents and warrants to and agrees to the following:

                                    Article 1
                                  Subscription

1.1  Subscription.  The  Subscriber as principal  hereby  subscribes to purchase
_____________  shares  of  Common  Stock at the  price  of $.10 per  share at an
aggregate purchase price of $________ (the "Subscription Price").

1.2 Method of Payment.  The Subscriber shall pay the  Subscription  Price by (i)
check,  money  order or bank draft  made  payable to "TNT  Designs,  Inc.  Trust
Account"  or (ii) by wire  transfer  of the  Subscription  Price to the  account
described in subsection (i) in accordance with the wire  instructions in Exhibit
A hereto.

                                    Article 2
                        Representations by the Subscriber

2.1   Representations   by   Subscriber.    Subscriber   makes   the   following
representations and warranties:

      (a) Subscriber has received a copy of the private placement  memorandum in
connection  with the sale of Common Stock  hereunder and has had the opportunity
to ask questions and receive any additional  information  from persons acting on
behalf of the Issuer to verify my  understanding of the terms thereof and of the
Company's business and status thereof, and that no oral information furnished to
the undersigned or my advisors in connection with my participation in the Shares
has been in any way inconsistent with other documentary information provided.

<PAGE>

      (b) The  Shares are being  purchased  for  Subscriber's  own  account  for
long-term  investment and not with a view to immediately  resell the Shares.  No
other person or entity will have any direct or indirect  beneficial interest in,
or right to,  the  Shares.  Subscriber  has such  knowledge  and  experience  in
financial  and  business  matters  that will  enable him or her to  utilize  the
information  made  available  in  connection  with the purchase of the Shares to
evaluate  the  merits  and  risks  of  participation  and to  make  an  informed
investment decision.

      (d) Subscriber acknowledges that the Shares have not been registered under
the  Securities  Act of 1933, as amended (the  "Securities  Act"),  or qualified
under  the  any  applicable  blue  sky  laws,  in  reliance,  in  part,  on  the
representations, warranties and agreements made herein.

      (e)  Subscriber  represents,  warrants and agrees that the Company and the
officers  of the Issuer  are under no  obligation  to  register  or qualify  the
participation  in the Shares  under the  Securities  Act of 1933,  as amended or
under any state  securities  law, or to assist the  Subscriber in complying with
any exemption from registration and qualification.

      (f)  Subscriber   represents  that  he  or  she  meets  the  criteria  for
participation  because  (i) he or she has a  preexisting  personal  or  business
relationship with the Issuer or one or more of its partners, officers, directors
or controlling persons or (ii) by reason of business or financial experience, or
by reason of the  business or financial  experience  of  Subscriber's  financial
advisors  who  are  unaffiliated  with,  and are not  compensated,  directly  or
indirectly,  by the  Issuer or any  affiliate  or selling  agent of the  Issuer,
Subscriber is capable of evaluating  the risk and merits of an investment in the
Shares and of protecting  his or her own  interests;  AND (i)  Subscriber  has a
minimum  net worth in excess of  $1,000,000,  or (ii)  Subscriber  has income in
excess of $200,000 or joint  income with his or her spouse in excess of $300,000
in each of the two  most  recent  years,  and has a  reasonable  expectation  of
reaching the same income level in the current  year;  or (iii)  Subscriber  is a
director or executive  officer of the Issuer;  or (iv) if a trust, the trust has
total assets in excess of $5,000,000 and was not formed for the specific purpose
of acquiring the Shares and the purchase was directed by a sophisticated  person
as  described  in  the  applicable  regulations;  or  (v)  if a  corporation  or
partnership,  the  corporation  or  partnership  has  total  assets in excess of
$5,000,000 and was not formed for the specific  purpose of acquiring the Shares;
or  (vi)  if an  entity,  all  of  the  equity  owners  meet  the  criteria  for
participation set forth in this paragraph.

      (g)  Subscriber  acknowledges  that  investment in the Shares is illiquid,
cannot be readily sold as there will not be a public market for the Shares,  and
Subscriber  may not be able to sell or dispose of the Shares,  or to utilize the
Shares as  collateral  for a loan.  Investment  in the shares is  reasonable  in
relation to Subscriber's net worth. (h) Subscriber  acknowledges  that the right
to  transfer  the  Shares  will be  restricted  unless  the  transfer  is not in
violation of the securities laws (including investment  suitability  standards),
that the Issuer will not consent to a transfer  of  participation  in the Shares
unless  the  transferee  represents  that such  transferee  meets the  financial
suitability standards required of an initial participant and that the Issuer has
the right, in its absolute discretion, to refuse to consent to such transfer.

<PAGE>

      (j) Subscriber  acknowledges that the tax consequences of investing in the
Issuer  will  depend on his or her  particular  circumstances,  and  neither the
Issuer,  the  Issuer's  officers,   any  other  investors,   nor  the  partners,
shareholders,   members,  managers,  agents,  officers,  directors,   employees,
affiliates or consultants of any of them,  will be responsible or liable for the
tax consequences of an investment in the Issuer.

      (k) All information which Subscriber has provided to the Issuer concerning
him or her, including financial position and knowledge of financial and business
matters is  truthful,  accurate,  correct and  complete as of the date set forth
herein.

2.2  Agreement to Indemnify  Issuer.  Subscriber  hereby agrees to indemnify and
hold harmless the Issuer,  its  principals,  officers,  directors and attorneys,
from any and all damages,  costs and expenses (including actual attorneys' fees)
which they may incur (i) by reason of Subscriber's failure to fulfill any of the
terms and conditions of this Agreement, (ii) by reason of Subscriber's breach of
any of the  representations,  warranties or agreements  contained herein;  (iii)
with respect to any and all claims made by or involving  any person,  other than
Subscriber,  claiming any interest,  right, title, power or authority in respect
to  the  Shares.   Subscriber   further  agrees  and  acknowledges   that  these
indemnifications  shall  survive  any sale or  transfer,  or  attempted  sale or
transfer, of any portion of the Shares.

2.3  Execution  Authorized.  If this  subscription  is  executed  on behalf of a
corporation,  partnership,  trust or other entity, the undersigned has been duly
authorized  and empowered to legally  represent  such entity and to execute this
subscription and all other  instruments in connection with  participation in the
Shares and the signature of the person is binding upon such entity.

                                    Article 3
                            Issuance of Certificates

The  Issuer  shall  prepare  and issue one or more  certificates  for the Shares
registered  in  such  name  or  names  as  specified  by  the  Subscriber.  Such
certificates shall bear a legend in substantially the following form:

            THE SECURITIES  REGISTERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
            U.S.  SECURITIES  ACT OF 1933,  AS AMENDED  (THE "ACT") OR UNDER ANY
            STATE  SECURITIES  LAW.  THE  HOLDER  HEREOF,   BY  PURCHASING  SUCH
            SECURITIES,   AGREES  FOR  THE  BENEFIT  OF  THE  ISSUER  THAT  SUCH
            SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY TO (A)
            THE ISSUER, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE
            ACT OR (C) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT.

<PAGE>

                                    Article 4
                               General Provisions

4.1 This  Agreement  shall be construed and governed under the laws of the State
of New York without regard to its choice of law provisions.

4.2  This  Agreement  shall  inure to the  benefit  of and is  binding  upon the
respective successors and assigns of the parties hereto.

4.3 This  Agreement may be executed in  counterparts  and by facsimile,  each of
which when  executed  by any party will be deemed to be an  original  and all of
such counterparts will together constitute one and the same Agreement.

<PAGE>

                          Signature Page for Subscriber

----------------------------
Print Name

----------------------------
Signature

Agreed to on __________________.
                       Date

                                       TNT Designs, Inc.

                                       -----------------------------------------
                                       Anju Tandon, President

<PAGE>

Subscriber Information:

Name:________________________________________________________________

Address:______________________________________________________________

Phone:  (________)________________________

Fax:    (________)________________________

<PAGE>

                                    Exhibit A

                                Wire Instructions

                                [To Be Provided]

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