Document:

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                                                                     EXHIBIT 4.1

           COMMON STOCK                                       COMMON STOCK
          PAR VALUE $.01                                     PAR VALUE .01

  NUMBER                [TECHNICAL OLYMPIC USA, INC. LOGO]                SHARES

C
                           TECHNICAL OLYMPIC USA, INC.
              INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

THIS CERTIFICATE IS TRANSFERABLE IN         SEE REVERSE FOR CERTAIN DEFINITIONS
 CANTON, MA; NEW JERSEY, NJ; AND                     CUSIP 878483 10 6
       NEW YORK CITY, NY

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THIS CERTIFIES THAT

                                    SPECIMEN

is in the record holder of

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   FULLY PAID AND NONASSESSABLE SHARES OF THE $.01, PAR VALUE COMMON STOCK OF

                          TECHNICAL OLYMPIC USA, INC.

transferable on the books of this corporation by the holder hereof in person or
by duly authorized attorney upon surrender of this certificate properly
endorsed. This certificate is not valid unless duly countersigned by the
Transfer Agent and Registrar.

         IN WITNESS WHEREOF, the corporation has caused the certificate to be
signed in facsimile by its duly authorized officers and the facsimile corporate
seal to be duly affixed hereto.

         Dated:

           /s/ ANTONIO B. MON                  COUNTERSIGNED AND REGISTERED
               PRESIDENT                         EQUISERV TRUST COMPANY, N.A.
                                                   TRANSFER AGENT AND REGISTRAR,

                                     [SEAL]

           /s/ HOLLY HUBENAK                   By:
               SECRETARY                             AUTHORIZED SIGNATURE<PAGE>
                                                                    EXHIBIT 10.1

                           TECHNICAL OLYMPIC USA, INC.
                       ANNUAL AND LONG-TERM INCENTIVE PLAN
                      (F/N/A NEWMARK HOMES CORP. ANNUAL AND
                            LONG-TERM INCENTIVE PLAN)
                                    AMENDMENT

         WHEREAS, the name of Newmark Homes Corp. has been changed to Technical
Olympic USA, Inc. (the "Company"); and

         WHEREAS, the Company had previously adopted the Newmark Homes Corp.
Annual and Long-Term Incentive Plan (the "Plan");

         NOW, THEREFORE, effective with the change in the Company's name to
Technical Olympic USA, Inc. the name of the Plan is changed to Technical Olympic
USA, Inc. Annual and Long-Term Incentive Plan and all references in the Plan to
the "Company" shall mean Technical Olympic USA, Inc.

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                                                                    EXHIBIT 10.1

                               NEWMARK HOMES CORP.
                       ANNUAL AND LONG-TERM INCENTIVE PLAN

SECTION 1. Purpose of the Plan.

The Newmark Homes Corp. Annual and Long-Term Incentive Plan (the "Plan") is
intended to promote the interests of Newmark Homes Corp., a Delaware corporation
(the "Company"), by encouraging employees, consultants and directors of the
Company, its subsidiaries and affiliated entities to acquire or increase their
equity interest in the Company and to provide a means whereby they may develop a
sense of proprietorship and personal involvement in the development and
financial success of the Company through cash and stock awards, and to encourage
them to remain with and devote their best efforts to the business of the Company
thereby advancing the interests of the Company and its shareholders. The Plan is
also contemplated to enhance the ability of the Company, its subsidiaries and
affiliated entities to attract and retain the services of individuals who are
essential for the growth and profitability of the Company.

SECTION 2. Definitions.

As used in the Plan, the following terms shall have the meanings set forth
below:

         "Affiliate" shall mean any entity that, directly or indirectly through
         one or more intermediaries, controls, is controlled by or is under
         common control with the Company.

         "Award" shall mean any Option, Restricted Stock, Performance Award,
         Phantom Shares, Bonus Shares or Other Stock-Based Award granted under
         the Plan.

         "Award Agreement" shall mean any written agreement, contract, or other
         instrument or document evidencing any Award, which may, but need not,
         be executed or acknowledged by a Participant.

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

         "Bonus Shares" shall mean an award of Shares granted pursuant to
         Section 6(d) of the Plan.

         "Code" shall mean the Internal Revenue Code of 1986, as amended from
         time to time, and the rules and regulations thereunder.

         "Committee" shall mean the committee of the Board appointed to
         administer the Plan or, if none, the Board.

         "Consultant" shall mean any independent contractor who performs
         services for the Company or an Affiliate other than as a Director.

         "Director" shall mean a member of the Board who is not also an
         Employee.

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         "Employee" shall mean any common-law employee of the Company or an
         Affiliate.

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

         "Fair Market Value" shall mean, with respect to Shares, the closing
         price of a Share quoted on the New York Stock Exchange Composite Tape,
         or if the Shares are not listed on the New York Stock Exchange, on the
         principal United States securities exchange registered under the
         Exchange Act on which such stock is listed, or if the Shares are not
         listed on any such stock exchange, the last sale price, or if none is
         reported, the highest closing bid quotation on the National Association
         of Securities Dealers, Inc., Automated Quotations System or any
         successor system then in use on the Date of Grant, or if none are
         available on such day, on the next preceding day on which the Shares
         were publicly traded. In the event the Shares are not publicly traded
         at the time a determination of its fair market value is required to be
         made hereunder, the determination of fair market value shall be made in
         good faith by the Committee.

         "Incentive Stock Option" or "ISO" shall mean an option granted under
         Section 6(a) of the Plan that is intended to qualify as an "incentive
         stock option" under Section 422 of the Code or any successor provision
         thereto.

         "Non-Qualified Stock Option" or "NQO" shall mean an option granted
         under Section 6(a) of the Plan that is not intended to be an Incentive
         Stock Option.

         "Option" shall mean an Incentive Stock Option or a Non-Qualified Stock
         Option.

         "Other Stock-Based Award" shall mean an award granted under Section
         6(f) of the Plan.

         "Participant" shall mean any individual granted an Award under the
         Plan.

         "Performance Award" shall mean any right granted under Section 6(c) of
         the Plan.

         "Person" shall mean individual, corporation, partnership, association,
         joint-stock company, trust, unincorporated organization, government or
         political subdivision thereof or other entity.

         "Phantom Shares" shall mean an Award of the right to receive Shares
         issued at the end of a Restricted Period which is granted pursuant to
         Section 6(e) of the Plan.

         "Restricted Period" shall mean the period established by the Committee
         with respect to an Award during which the Award either remains subject
         to forfeiture or is not exercisable by the Participant.

         "Restricted Stock" shall mean any Share, prior to the lapse of
         restrictions thereon, granted under Section 6(b) of the Plan.

         "Rule 16b-3" shall mean Rule 16b-3 promulgated by the SEC under the
         Exchange Act, or any successor rule or regulation thereto as in effect
         from time to time.

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         "SEC" shall mean the Securities and Exchange Commission, or any
         successor thereto.

         "Shares" or "Common Shares" or "Common Stock" shall mean the common
         stock of the Company, $0.01 par value, and such other securities or
         property as may become the subject of Awards of the Plan.

         "Substitute Award" shall mean Awards granted in assumption of, or in
         substitution for, outstanding awards previously granted by (i) a
         company acquired by the Company or one or more of its Affiliates, or
         (ii) a company with which the Company or one or more of its Affiliates
         combines. To the extent reasonably practical, unless otherwise
         determined by the Committee in its sole discretion, Substitute Awards
         shall contain, to the extent reasonably practical, the same terms and
         conditions as the award they replace.

SECTION 3. Administration.

The Plan shall be administered by the Committee. A majority of the Committee
shall constitute a quorum, and the acts of the members of the Committee who are
present at any meeting thereof at which a quorum is present, or acts unanimously
approved by the members of the Committee in writing, shall be the acts of the
Committee. Subject to the terms of the Plan and applicable law, and in addition
to other express powers and authorizations conferred on the Committee by the
Plan, the Committee shall have full power and authority to: (i) designate the
individuals who are Participants; (ii) determine the type or types of Awards to
be granted to a Participant; (iii) determine the number of Shares to be covered
by, or with respect to which payments, rights, or other matters are to be
calculated in connection with, Awards; (iv) determine the terms and conditions
of any Award, including such terms and conditions as shall be requisite in the
judgment of the Committee to cause designated Options to qualify as Incentive
Stock Options; (v) determine whether, to what extent, and under what
circumstances Awards may be settled or exercised in cash, Shares, other
securities, other Awards or other property, or canceled, forfeited, or suspended
and the method or methods by which Awards may be settled, exercised, canceled,
forfeited, or suspended; (vi) determine whether, to what extent, and under what
circumstances cash, Shares, other securities, other Awards, other property, and
other amounts payable with respect to an Award shall be deferred either
automatically or at the election of the holder thereof or of the Committee;
(vii) interpret and administer the Plan and any instrument or agreement relating
to, or Award made under, the Plan; (viii) establish, amend, suspend, or waive
such rules and regulations and appoint such agents as it shall deem appropriate
for the proper administration of the Plan; and (ix) make any other determination
and take any other action that the Committee deems necessary or desirable for
the administration of the Plan. The Committee may correct any defect or supply
any omission or reconcile any inconsistency in the Plan or in any Award
Agreement in the manner and to the extent it shall deem expedient to carry it
into effect. Unless otherwise expressly provided in the Plan or in any
applicable Award Agreement, all designations, determinations, interpretations,
and other decisions under or with respect to the Plan or any Award shall be
within the sole discretion of the Committee, may be made at any time and shall
be final, conclusive, and binding upon all Persons, including the Company, any
Affiliate, any Participant, any holder or beneficiary of any Award, and any
shareholder.

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SECTION 4. Shares Available for Awards.

(a) Shares Available. Subject to adjustment as provided in Section 4(c) and
below, the number of Shares with respect to which Awards may be granted under
the Plan shall be four (4) million Shares. If any Shares covered by an Award
granted under the Plan, or to which such an Award relates, are forfeited, or if
an Award otherwise terminates or is canceled without the delivery of Shares,
then the Shares covered by such Award, or to which such Award relates, or the
number of Shares otherwise counted against the aggregate number of Shares with
respect to which Awards may be granted, to the extent of any such forfeiture,
termination or cancellation, shall again be, or shall become Shares with respect
to which Awards may be granted.

(b) Sources of Shares Deliverable Under Awards. Any Shares delivered pursuant to
an Award may consist, in whole or in part, of authorized and unissued Shares or
of treasury Shares. Any of such Shares which remain unissued and which are not
subject to outstanding Awards at the termination of the Plan shall cease to be
subject to the Plan but, until termination of the Plan, the Company shall at all
times make available a sufficient number of shares to meet the requirements of
the Plan.

(c) Adjustments. In the event of any dividend or other distribution (whether in
the form of cash, Shares, other securities, or other property),
recapitalization, reclassification, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Shares or other securities of the Company, or
issuance of warrants or other rights to purchase Shares or other securities of
the Company, or if a corporate transaction or event occurs that affects the
Shares such that an adjustment is appropriate in order to prevent dilution or an
enlargement of the benefits or potential benefits intended to be made available
under the Plan, then the Board shall, in such manner as it may deem equitable,
adjust any or all of (i) the number and type (and class, if applicable) of
Shares (or other securities or property) with respect to which Awards may be
granted, (ii) the number and type of Shares (or other securities or property)
subject to outstanding Awards, and (iii) the grant or exercise price with
respect to any Award or, if deemed appropriate, make provision for a cash
payment to the holder of an outstanding Award; provided, in each case, that the
number of Shares subject to any Award denominated in Shares shall always be a
whole number.

SECTION 5. Eligibility and Award Limits.

Any Employee, Consultant or Director shall be eligible to be designated a
Participant by the Committee. However, no Employee may receive Share-denominated
Awards during the term of the Plan that, in the aggregate, are with respect to
more than 90% of all Shares that may be made subject to Awards under the Plan.
The maximum amount of Performance Awards, intended to qualify as
"performance-based compensation," that may be granted or paid to any Participant
in any calendar year shall be $10 million, except with respect to formula grant
Awards based on the Company's return on equity and/or net income, such annual
maximum shall be such amount that results from the formula(s) used in the
Performance Award grant(s), provided the formula(s) do(es) not produce an annual
result in excess of 20% of the Company's net income for the Company's applicable
year (and the formula is not based in whole or in part on a percentage of the
Participant's salary or base compensation). The limitations set forth in the
preceding sentences shall be applied in a manner which will permit, when
intended, compensation

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generated under the Plan to constitute "performance-based" compensation for
purposes of section 162(m) of the Code, including, without limitation, counting
against such maximum number of Shares, to the extent required under Section
162(m) of the Code and applicable interpretive authority thereunder, any Shares
subject to Options that are canceled or repriced.

SECTION 6. Awards.

(a) Options. Subject to the provisions of the Plan, the Committee shall have the
authority to determine the Employees, Consultants and Directors to whom Options
shall be granted, the number of Shares to be covered by each Option, the
purchase price therefor and the conditions and limitations applicable to the
exercise of the Option, including the following terms and conditions and such
additional terms and conditions, as the Committee shall determine, that are not
inconsistent with the provisions of the Plan.

         (i) Exercise Price. The purchase price per Share purchasable under an
         Option shall be determined by the Committee at the time each Option is
         granted, but shall not be less than the Fair Market Value of a Share on
         such date, unless such Option is a Substitute Award.

         (ii) Time and Method of Exercise. The Committee shall determine the
         time or times at which an Option may be exercised in whole or in part,
         and the method or methods by which, and the form or forms in which
         payment of, the exercise price with respect thereto may be made or
         deemed to have been made, which may include, without limitation, cash,
         already-owned Shares, outstanding Awards, Shares that would otherwise
         be acquired upon exercise of the Option, a "cashless-broker" exercise
         (through procedures approved by the Company), other securities or other
         property, or any combination thereof, having a Fair Market Value on the
         exercise date equal to the relevant exercise price.

         (iii) Special Limitations on Incentive Stock Options. Incentive Stock
         Options may be granted only to employees of the Company, its
         subsidiaries and the parent corporation of the Company, within the
         meaning of Section 424 of the Code. To the extent that the aggregate
         Fair Market Value (determined at the time the respective Incentive
         Stock Option is granted) of Shares with respect to which Incentive
         Stock Options are exercisable for the first time by an individual
         during any calendar year under all incentive stock option plans of the
         Company and its parent and subsidiary corporations exceeds $100,000,
         such Incentive Stock Options shall be treated as Options which do not
         constitute Incentive Stock Options. The Committee shall determine, in
         accordance with applicable provisions of the Code, Treasury regulations
         and other administrative pronouncements, which of a Participant's
         Incentive Stock Options will not constitute Incentive Stock Options
         because of such limitation and shall notify the Participant of such
         determination as soon as practicable after such determination. No
         Incentive Stock Option shall be granted to an individual if, at the
         time the Option is granted, such individual owns stock possessing more
         than 10% of the total combined voting power of all classes of stock of
         the Company or of its parent or subsidiary corporation, within the
         meaning of Section 422(b)(6) of the Code, unless (1) at the time such
         Option is granted the option price is at least 110% of the Fair Market
         Value of the Shares subject to the Option and (2) such Option by its
         terms is not exercisable after the expiration of five years from the
         date of grant.

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         (iv) Expiration. Except as provided in Section 6(a)(iii), each Option
         shall expire 10 years from the date of grant thereof and shall be
         subject to earlier termination as provided in the Option's Award
         Agreement.

(b) Restricted Stock. Subject to the provisions of the Plan, the Committee shall
have the authority to determine the Employees, Directors and Consultants to whom
Restricted Stock shall be granted, the number of Shares of Restricted Stock to
be granted to each such Participant, the duration of the Restricted Period
during which, and the conditions, including performance goals, if any, under
which, the Restricted Stock may be forfeited to the Company, and the other terms
and conditions of such Awards.

         (i) Dividends. Dividends paid on Restricted Stock may be paid directly
         to the Participant, may be subject to risk of forfeiture and/or
         transfer restrictions during any period established by the Committee or
         sequestered and held in a bookkeeping cash account (with or without
         interest) or reinvested on an immediate or deferred basis in additional
         shares of Common Stock, which credit or shares may be subject to the
         same restrictions as the underlying Award or such other restrictions,
         all as determined by the Committee in its discretion.

         (ii) Registration. Any Restricted Stock may be evidenced in such manner
         as the Committee shall deem appropriate, including, without limitation,
         book-entry registration or issuance of a stock certificate or
         certificates. In the event any stock certificate is issued in respect
         of Restricted Stock granted under the Plan, such certificate shall be
         registered in the name of the Participant and shall bear an appropriate
         legend referring to the terms, conditions, and restrictions applicable
         to such Restricted Stock.

         (iii) Forfeiture and Restrictions Lapse. Except as otherwise determined
         by the Committee or the express terms of the Award that granted the
         Restricted Stock, upon termination of a Participant's employment (as
         determined under criteria established by the Committee) for any reason
         during the applicable Restricted Period, all Restricted Stock shall be
         forfeited by the Participant and re-acquired by the Company. The
         Committee may, when it finds that a waiver would be in the best
         interests of the Company and not cause such Award, if it is intended to
         qualify as performance-based compensation under Section 162(m) of the
         Code, to fail to so qualify under Section 162(m) of the Code, waive in
         whole or in part any or all remaining restrictions with respect to such
         Participant's Restricted Stock. Unrestricted Shares, evidenced in such
         manner as the Committee shall deem appropriate, shall be issued to the
         holder of Restricted Stock promptly after the applicable restrictions
         have lapsed or otherwise been satisfied.

         (iv) Transfer Restrictions. During the Restricted Period, Restricted
         Stock will be subject to the limitations on transfer as provided in
         Section 6(g)(iii).

(c) Performance Awards. The Committee shall have the authority to determine the
Employees, Directors and Consultants who shall receive a Performance Award,
which shall confer on the Participant the right to receive payment of such
Award, in whole or in part, upon

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the achievement of such performance goals during such performance periods as the
Committee shall establish at the time of grant with respect to the Award.

         (i) Terms and Conditions. Subject to the terms of the Plan and any
         applicable Award Agreement, the Committee shall determine the
         performance goals to be achieved during any performance period, the
         length of any performance period, the vesting terms of any Performance
         Award and the amount of the payment or the formula for determining the
         amount of the payment to be made pursuant to the Performance Award.

         (ii) Payment of Performance Awards. Except as otherwise provided in the
         Award Agreement, Performance Awards may be paid (in cash and/or in
         Shares, in the sole discretion of the Committee) in a lump sum or in
         deferred installments following the close of the performance period,
         which may be subject to vesting requirements, in accordance with
         procedures established by the Committee with respect to such Award.

(d) Bonus Shares. The Committee shall have the authority, in its discretion, to
grant Bonus Shares to Employees, Directors and Consultants. Each Bonus Share
shall constitute a transfer of an unrestricted Share to the Participant, without
other payment therefor, as additional compensation for the Participant's
services to the Company.

(e) Phantom Shares. The Committee shall have the authority to grant Awards of
Phantom Shares to Employees, Directors and Consultants upon such terms and
conditions as the Committee may determine.

         (i) Terms and Conditions. Each Phantom Share Award shall constitute an
         agreement by the Company to issue or transfer a specified number of
         Shares or pay an amount of cash equal to the Fair Market Value of a
         specified number of Shares, or a combination thereof to the Participant
         in the future, subject to the fulfillment during the Restricted Period
         of such conditions, including performance goals, if any, as the
         Committee may specify at the date of grant. During the Restricted
         Period, the Participant shall not have any right to transfer any rights
         under the subject Award, shall not have any rights of ownership in the
         Phantom Shares and shall not have any right to vote such shares.

         (ii) Dividends. Any Phantom Share award may provide that any or all
         dividends or other distributions paid on Shares during the Restricted
         Period be credited in a cash bookkeeping account (without interest) or
         that equivalent additional Phantom Shares be awarded, which account or
         shares may be subject to the same restrictions as the underlying Award
         or such other restrictions as the Committee may determine.

(f) Other Stock-Based Awards. The Committee may also grant to Participants an
Other Stock-Based Award, which shall consist of a right which is an Award
denominated or payable in, valued in whole or in part by reference to, or
otherwise based on or related to, Shares as is deemed by the Committee to be
consistent with the purposes of the Plan. Subject to the terms of the Plan, the
Committee shall determine the terms and conditions of any such Other Stock-Based
Award.

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(g) General.

         (i) Awards May Be Granted Separately or Together. Awards to Employees
         may, in the discretion of the Committee, be granted either alone or in
         addition to, in tandem with, or in substitution for any other Award
         granted under the Plan or any award granted under any other plan of the
         Company or any Affiliate. Awards granted in addition to or in tandem
         with other Awards or awards granted under any other plan of the Company
         or any Affiliate may be granted either at the same time as or at a
         different time from the grant of such other Awards or awards.

         (ii) Forms of Payment by Company Under Awards. Subject to the terms of
         the Plan and of any applicable Award Agreement, payments or transfers
         to be made by the Company or an Affiliate upon the grant, exercise or
         payment of an Award may be made in such form or forms as the Committee
         shall determine, including, without limitation, cash, Shares, other
         securities, other Awards or other property, or any combination thereof,
         and may be made in a single payment or transfer, in installments, or on
         a deferred basis, in each case in accordance with rules and procedures
         established by the Committee. Such rules and procedures may include,
         without limitation, provisions for the payment or crediting of
         reasonable interest on installment or deferred payments.

         (iii) Limits on Transfer of Awards.

         (A) Except as provided in (C) below, each Award, and each right under
         any Award, shall be exercisable only by the Participant during the
         Participant's lifetime, or, if permissible under applicable law, by the
         Participant's guardian or legal representative or by a transferee
         receiving such Award pursuant to a qualified domestic relations order
         (a "QDRO") as determined by the Committee.

         (B) Except as provided in (C) below, no Award and no right under any
         such Award may be assigned, alienated, pledged, attached, sold or
         otherwise transferred or encumbered by a Participant otherwise than by
         will or by the laws of descent and distribution (or, in the case of
         Restricted Stock, to the Company) or, if permissible under applicable
         law, pursuant to a QDRO and any such purported assignment, alienation,
         pledge, attachment, sale, transfer or encumbrance shall be void and
         unenforceable against the Company or any Affiliate.

         (C) Notwithstanding anything in the Plan to the contrary, except to the
         extent specifically provided otherwise by the Committee in an Award
         Agreement, Non-Qualified Stock Options may be transferred by the
         optionee to one or more permitted transferees; provided that (i) there
         may be no consideration given for such transfer, (ii) the optionee (or
         such optionee's estate or representative) shall remain obligated to
         satisfy all employment tax and other withholding tax obligations
         associated with the exercise of the transferred Options, (iii) the
         optionee shall notify the Company in writing that such transfer has
         occurred, the identity and address of the permitted transferee and the
         relationship of the permitted transferee to the optionee, and (iv) such
         transfer shall be effected pursuant to transfer documents approved from
         time to time by the Company. Any permitted transferee may not further
         assign or transfer the transferred Option

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         otherwise than by will or the laws of descent and distribution.
         Following any permitted transfer, any such Options shall continue to be
         subject to the same terms and conditions as were applicable to the
         Option immediately prior to the transfer, provided that the term
         "optionee" as used in the Plan shall be deemed to refer also to each
         permitted transferee where required by the context. A transferred
         Option may only be exercised by a transferee to the same extent such
         Option could, at such time, be exercised by the optionee "but for" such
         transfer. The term "permitted transferees" shall mean one or more of
         the following: (i) any member of the optionee's immediate family; (ii)
         a trust established for the exclusive benefit of one or more members of
         such immediate family; (iii) a partnership, limited liability company
         or other form of business entity in which such immediate family members
         or trusts established for the exclusive benefit of immediate family
         members are the only partners, members or owners; or (iv) any other
         person approved from time to time by the Committee. The term "immediate
         family" is defined for such purpose as spouses, children, stepchildren
         and grandchildren, including relationships arising from adoption.

         (iv) Term of Awards. The term of each Award shall be for such period as
         may be determined by the Committee and set forth in the applicable
         Award Agreement; provided, that in no event shall the term of any Award
         exceed a period of 10 years from the date of its grant.

         (v) Share Certificates. All certificates for Shares or other securities
         of the Company or any Affiliate delivered under the Plan pursuant to
         any Award or the exercise thereof shall be subject to such stop
         transfer orders and other restrictions as the Committee may deem
         advisable under the Plan or the rules, regulations, and other
         requirements of the SEC, any stock exchange upon which such Shares or
         other securities are then listed, and any applicable Federal or state
         laws, and the Committee may cause a legend or legends to be put on any
         such certificates to make appropriate reference to such restrictions.

         (vi) Consideration for Grants. Awards may be granted for no cash
         consideration or for such consideration as the Committee determines
         including, without limitation, such minimal cash consideration as may
         be required by applicable law.

         (vii) Delivery of Shares or other Securities and Payment by Participant
         of Consideration. No Shares or other securities shall be delivered
         pursuant to any Award until payment in full of any amount required to
         be paid pursuant to the Plan or the applicable Award Agreement is
         received by the Company, including without limitation, all applicable
         withholding taxes. Such payment may be made by such method or methods
         and in such form or forms as the Committee shall determine, including,
         without limitation, cash, Shares, other securities, other Awards or
         other property, withholding of Shares, cashless exercise with
         simultaneous sale, or any combination thereof; provided that the
         combined value, as determined by the Committee, of all cash and cash
         equivalents and the Fair Market Value of any such Shares or other
         property so tendered to the Company, as of the date of such tender, is
         at least equal to the full amount required to be paid pursuant to the
         Plan or the applicable Award Agreement to the Company.

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         (viii) Performance Goals. Where necessary, the Committee shall
         establish performance goals applicable to those Awards the payment of
         which is intended by the Committee to qualify as "performance-based
         compensation" as described in Section 162(m)(4)(C) of the Code. The
         performance goals shall be based upon the attainment of such target
         levels of Share price, net income, cash flows, total capitalization,
         total or comparative shareholder return, assets, return on equity,
         sales, economic profit, return on assets, results of operation (gross
         revenue less cost of sales, plus earnings generated from the mortgage
         and title businesses, but excluding results of any restructuring or
         unusual or extraordinary items as determined by a majority of the
         independent members of the Board, budget and/or earnings per share as
         may be specified by the Committee. The performance goals may be made
         subject to adjustment for specified unusual and nonrecurring events and
         may be absolute, relative to one or more other companies, or relative
         to one or more indices and may be with respect to the Company and/or
         one or more Affiliates. Which factor or factors to be used with respect
         to any grant, and the weight to be accorded thereto if more than one
         factor is used, shall be determined by the Committee at the time of
         grant.

SECTION 7. Amendment and Termination.

Except to the extent prohibited by applicable law and unless otherwise expressly
provided in an Award Agreement or in the Plan:

         (a) Amendments to the Plan. The Board may amend, alter, suspend,
         discontinue, or terminate the Plan without the consent of any
         shareholder or other Person, except to the extent that such approval
         (i) is appropriate or required by applicable stock exchange rules or
         applicable law, as determined by the Board, or (ii) would degrade or
         adversely affect the rights of any Participant with respect to then
         outstanding Awards.

         (b) Amendments to Awards. The Committee may waive any conditions or
         rights under, amend any terms of, or alter any Award theretofore
         granted; provided, however, that no change in any Award shall degrade
         or adversely affect the rights of the Participant thereunder without
         the consent of such Participant. Notwithstanding the foregoing, with
         respect to any Award intended to qualify as performance-based
         compensation under Section 162(m) of the Code, no amendment shall be
         authorized to the extent such amendment would cause the Award to fail
         to so qualify.

SECTION 8. General Provisions.

(a) No Rights to Awards. No Employee, Director, Consultant or other Person shall
have any claim to be granted any Award, and there is no obligation for
uniformity of treatment of Employees, Directors, Consultants, Participants, or
holders or beneficiaries of Awards. The terms and conditions of Awards need not
be the same with respect to each recipient.

(b) Withholding. The Company or any Affiliate is authorized to withhold from any
Award, from any payment due or transfer made under any Award or under the Plan
or from any compensation or other amount owing to a Participant the amount (in
cash, Shares, other securities, Shares that would otherwise be issued pursuant
to such Award, other Awards or other

                                       10
<PAGE>

property) of any applicable taxes payable in respect of an Award, its exercise,
the lapse of restrictions thereon, or any payment or transfer under an Award or
under the Plan and to take such other action as may be necessary in the opinion
of the Company to satisfy all obligations for the payment of such taxes. Any
Participant who is subject to Rule 16b-3 with respect to Shares may direct the
Company to withhold Shares or may tender Shares already-owned to the Company to
satisfy his minimum tax withholding obligations.

(c) No Right to Employment. The grant of an Award shall not be construed as
giving a Participant the right to be retained in the employ or service of the
Company or any Affiliate. Further, the Company or an Affiliate may at any time
dismiss a Participant from employment or service, free from any liability or any
claim under the Plan, unless otherwise expressly provided in the Plan or in any
Award Agreement. Nothing contained in the Plan shall confer on any Director any
right with respect to continuation of membership on the Board.

(d) Governing Law. The validity, construction, and effect of the Plan and any
rules and regulations relating to the Plan shall be determined in accordance
with the laws of the State of Delaware, without regard to conflicts of laws
principles.

(e) Severability. If any provision of the Plan or any Award is or becomes or is
deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any
Person or Award, or would disqualify the Plan or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended
to conform to the applicable laws, or if it cannot be construed or deemed
amended without materially altering the intent of the Plan or the Award, such
provision shall be stricken as to such jurisdiction, Person or Award and the
remainder of the Plan and any such Award shall remain in full force and effect;
provided, however, the Committee shall use its best efforts to provide such
affected Participant with a new Award that restores the Participant to the same
economic position as before such change, to the extent reasonable.

(f) Other Laws. The Committee may refuse to issue or transfer any Shares or
other consideration under an Award if, acting in its sole discretion, it
determines that the issuance or transfer of such Shares or such other
consideration might violate any applicable law or regulation or entitle the
Company to recover the same under Section 16(b) of the Exchange Act, and any
payment tendered to the Company by a Participant, other holder or beneficiary in
connection with the exercise of such Award shall be promptly refunded to the
relevant Participant, holder or beneficiary.

(g) No Trust or Fund Created. Neither the Plan nor the Award shall create or be
construed to create a trust or separate fund of any kind or a fiduciary
relationship between the Company or any Affiliate and a Participant or any other
Person. To the extent that any Person acquires a right to receive payments from
the Company or any Affiliate pursuant to an Award, such right shall be no
greater than the right of any general unsecured creditor of the Company or any
Affiliate.

(h) No Fractional Shares. No fractional Shares shall be issued or delivered
pursuant to the Plan or any Award, and the Committee shall determine whether
cash, other securities, or other property shall be paid or transferred in lieu
of any fractional Shares or whether such fractional Shares or any rights thereto
shall be canceled, terminated, or otherwise eliminated.

                                       11
<PAGE>

(i) Headings. Headings are given to the Sections and subsections of the Plan
solely as a convenience to facilitate reference. Such headings shall not be
deemed in any way material or relevant to the construction or interpretation of
the Plan or any provision thereof.

(j) Facsimile Signature. Any Award Agreement or related document may be executed
by facsimile signature. If any officer who shall have signed or whose facsimile
signature shall have been placed upon any such Award Agreement or related
document shall have ceased to be such officer before the related Award is
granted by the Company, such Award may nevertheless be issued by the Company
with the same effect as if such person were such officer at the date of grant.

SECTION 9. Corporate Change. Except as may otherwise be specifically provided in
an Award Agreement, if the Company shall not be the surviving entity in any
merger or consolidation (or survives only as a subsidiary of an entity) (a
"Corporate Change"), no later than 10 days after the approval by the
stockholders of the Company of such merger or consolidation, the Committee shall
effect one or more of the following alternatives, which alternatives may vary
among individual Participants and which may vary among Options held by any
individual Participant: (1) accelerate the time at which Options then
outstanding may be exercised so that such Options may be exercised in full for a
limited period of time on or before a specified date (before or after such
Corporate Change) fixed by the Committee, after which specified date all
unexercised Options and all rights of Participants thereunder shall terminate,
(2) require the mandatory surrender to the Company by all or selected
Participants of some or all of the outstanding Options held by such Participants
(irrespective of whether such Options are then exercisable under the provisions
of the Plan) as of a date, before or after such Corporate Change, specified by
the Committee, in which event the Committee shall thereupon cancel such Options
and the Company shall pay (or cause to be paid) to each Participant an amount of
cash per share equal to the excess, if any, of the Corporate Change Value (as
defined below) of the shares subject to such Option over the exercise price(s)
under such Options for such shares, or (3) make such adjustments to Options then
outstanding to provide that the number and class of shares of Common Stock
covered by such Options shall thereafter cover securities of the surviving or
acquiring corporation or other property (including, without limitation, cash)
and adjust the exercise price(s) of such Options in accordance with the Treasury
Regulations applicable for incentive stock options. For the purposes of this
paragraph, the "Corporate Change Value" shall equal the per share price offered
to stockholders of the Company in any such merger or consolidation. In the event
that the consideration offered to stockholders of the Company in any Corporate
Change consists of anything other than cash, the fair cash equivalent of the
portion of the consideration offered which is other than cash shall be
determined.

SECTION 10. Effective Date of the Plan.

The Plan shall be effective upon its adoption by the Board; provided, however,
no Options or other equity-based Awards may be made under the Plan prior to a
merger of Engle Holdings Corp. with the Company.

                                       12
<PAGE>

SECTION 11. Term of the Plan.

No Award shall be granted under the Plan after the tenth anniversary of the date
the Plan was adopted by the Board. However, unless otherwise expressly provided
in the Plan or in an applicable Award Agreement, any Award theretofore granted
may, and the authority of the Board or the Committee to amend, alter, adjust,
suspend, discontinue, or terminate any such Award or to waive any conditions or
rights under any such Award shall, extend beyond such date.

                                       13

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