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                                                                     EXHIBIT 4.5

                           AUTHORIZE.NET CORPORATION

                           1999 STOCK INCENTIVE PLAN

     1. Purposes of the Plan. The purposes of this Stock Incentive Plan are to
attract and retain the best available personnel, to provide additional incentive
to Employees, Directors and Consultants and to promote the success of the
Company's business.

     2. Definitions. As used herein, the following definitions shall apply:

               (a) "Administrator" means the Board or any of the Committees
          appointed to administer the Plan.

               (b) "Applicable Laws" means the legal requirements relating to
          the administration of stock incentive plans, if any, under applicable
          provisions of federal securities laws, state corporate and securities
          laws, the Code, the rules of any applicable stock exchange or national
          market system, and the rules of any foreign jurisdiction applicable to
          Awards granted to residents therein.

               (c) "Award" means the grant of an Option, Restricted Stock, or
          other right or benefit under the Plan.

               (d) "Award Agreement" means the written agreement evidencing the
          grant of an Award executed by the Company and the Grantee, including
          any amendments thereto.

               (e) "Board" means the Board of Directors of the Company.

               (f) "Cause" means, with respect to the termination by the Company
          or a Related Entity of the Grantee's Continuous Service, that such
          termination is for "Cause" as such term is expressly defined in a
          then-effective written agreement between the Grantee and the Company
          or such Related Entity, or in the absence of such then-effective
          written agreement and definition, is based on, in the determination of
          the Administrator, the Grantee's: (i) refusal or failure to act in
          accordance with any specific, lawful direction or order of the Company
          or a Related Entity; (ii) unfitness or unavailability for service or
          unsatisfactory performance (other than as a result of Disability);
          (iii) performance of any act or failure to perform any act in bad
          faith and to the detriment of the Company or a Related Entity; (iv)
          dishonesty, intentional misconduct or material breach of any agreement
          with the Company or a Related Entity; or (v) commission of a crime
          involving dishonesty, breach of trust, or physical or emotional harm
          to any person. At least thirty (30) days prior to the termination of
          the Grantee's Continuous Service pursuant to (i) or (ii) above, the
          Company shall provide the Grantee with notice of the Company's or such
          Related Entity's intent to terminate, the reason therefor, and an
          opportunity for the Grantee to cure such defects in his or her service
          to the Company's or such Related Entity's satisfaction. During this
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          thirty (30) day (or longer) period, no Award issued to the Grantee
          under the Plan may be exercised or purchased.

               (g) "Code" means the Internal Revenue Code of 1986, as amended.

               (h) "Committee" means any committee  appointed by the Board to
          administer the Plan.

               (i) "Common Stock" means the common stock of the Company.

               (j) "Company" means Authorize.Net Corporation, a Utah
          corporation.

               (k) "Consultant" means any person (other than an Employee or a
          Director, solely with respect to rendering services in such person's
          capacity as a Director) who is engaged by the Company or any Related
          Entity to render consulting or advisory services to the Company or
          such Related Entity.

               (l) "Continuous Service" means that the provision of services to
          the Company or a Related Entity in any capacity of Employee, Director
          or Consultant, is not interrupted or terminated. Continuous Service
          shall not be considered interrupted in the case of (i) any approved
          leave of absence, (ii) transfers between locations of the Company or
          among the Company, any Related Entity, or any successor, in any
          capacity of Employee, Director or Consultant, or (iii) any change in
          status as long as the individual remains in the service of the Company
          or a Related Entity in any capacity of Employee, Director or
          Consultant (except as otherwise provided in the Award Agreement). An
          approved leave of absence shall include sick leave, military leave, or
          any other authorized personal leave. For purposes of Incentive Stock
          Options, no such leave may exceed ninety (90) days, unless
          reemployment upon expiration of such leave is guaranteed by statute or
          contract.

               (m) "Corporate Transaction" means any of the following
          transactions to which the Company is a party:

     (i) a merger or consolidation in which the Company is not the surviving
entity, except for a transaction the principal purpose of which is to change the
state in which the Company is incorporated;

     (ii) the sale, transfer or other disposition of all or substantially all of
the assets of the Company (including the capital stock of the Company's
subsidiary corporations) in connection with the complete liquidation or
dissolution of the Company;

     (iii) any reverse merger in which the Company is the surviving entity but
in which securities possessing more than fifty percent (50%) of the total
combined voting power of the Company's outstanding securities are transferred to
a person or persons different from those who held such securities immediately
prior to such merger; or

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     (iv) acquisition by any person or related group of persons (other than the
Company or by a Company- sponsored employee benefit plan) of beneficial
ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities
possessing more than fifty percent (50%) of the total combined voting power of
the Company's outstanding securities, but excluding any such transaction that
the Administrator determines shall not be a Corporate Transaction.

               (n) "Director" means a member of the Board or the board of
          directors of any Related Entity.

               (o) "Disability" means that a Grantee is permanently unable to
          carry out the responsibilities and functions of the position held by
          the Grantee by reason of any medically determinable physical or mental
          impairment. A Grantee will not be considered to have incurred a
          Disability unless he or she furnishes proof of such impairment
          sufficient to satisfy the Administrator in its discretion.

               (p) "Employee" means any person, including an Officer or
          Director, who is an employee of the Company or any Related Entity. The
          payment of a director's fee by the Company or a Related Entity shall
          not be sufficient to constitute "employment" by the Company.

               (q) "Exchange Act" means the Securities Exchange Act of 1934, as
          amended.

               (r) "Fair Market Value" means, as of any date, the value of
          Common Stock determined as follows:

     (i) Where there exists a public market for the Common Stock, the Fair
Market Value shall be (A) the closing price for a Share for the last market
trading day prior to the time of the determination (or, if no closing price was
reported on that date, on the last trading date on which a closing price was
reported) on the stock exchange determined by the Administrator to be the
primary market for the Common Stock or the Nasdaq National Market, whichever is
applicable, or (B) if the Common Stock is not traded on any such exchange or
national market system, the average of the closing bid and asked prices of a
Share on the Nasdaq Small Cap Market for the day prior to the time of the
determination (or, if no such prices were reported on that date, on the last
date on which such prices were reported), in each case, as reported in The Wall
Street Journal or such other source as the Administrator deems reliable; or

     (ii) In the absence of an established market for the Common Stock of the
type described in (i), above, the Fair Market Value thereof shall be determined
by the Administrator in good faith.

               (s) "Grantee" means an Employee, Director or Consultant who
          receives an Award under the Plan.

               (t) "Immediate Family" means any child, stepchild, grandchild,
          parent, stepparent, grandparent, spouse, former spouse, sibling,
          niece, nephew, mother-in-law, father-in-law, son-in law, daughter-in-
          law, brother-in-law, or sister-in-law,

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          including adoptive relationships, any person sharing the Grantee's
          household (other than a tenant or employee), a trust in which these
          persons (or the Grantee) have more than fifty percent (50%) of the
          beneficial interest, a foundation in which these persons (or the
          Grantee) control the management of assets, and any other entity in
          which these persons (or the Grantee) own more than fifty percent (50%)
          of the voting interests.

               (u) "Incentive Stock Option" means an Option intended to qualify
          as an incentive stock option within the meaning of Section 422 of the
          Code.

               (v) "Non-Qualified Stock Option" means an Option not intended to
          qualify as an Incentive Stock Option.

               (w) "Officer" means a person who is an officer of the Company or
          a Related Entity within the meaning of Section 16 of the Exchange Act
          and the rules and regulations promulgated thereunder.

               (x) "Option" means an option to purchase Shares pursuant to an
          Award Agreement granted under the Plan.

               (y) "Parent" means a "parent corporation," whether now or
          hereafter existing, as defined in Section 424(e) of the Code.

               (z) "Plan" means this 1999 Stock Incentive Plan.

               (aa) "Post-Termination Exercise Period" means the period
          specified in the Award Agreement of not less than three (3) months
          commencing on the date of termination (other than termination by the
          Company or any Related Entity for Cause) of the Grantee's Continuous
          Service, or such longer period as may be applicable upon death or
          Disability.

               (bb) "Registration Date" means the first to occur of (i) the
          closing of the first sale to the general public of (A) the Common
          Stock or (B) the same class of securities of a successor corporation
          (or its Parent) issued pursuant to a Corporate Transaction in exchange
          for or in substitution of the Common Stock, pursuant to a registration
          statement filed with and declared effective by the Securities and
          Exchange Commission under the Securities Act of 1933, as amended; and
          (ii) in the event of a Corporate Transaction, the date of the
          consummation of the Corporate Transaction if the same class of
          securities of the successor corporation (or its Parent) issuable in
          such Corporate Transaction shall have been sold to the general public
          pursuant to a registration statement filed with and declared effective
          by the Securities and Exchange Commission under the Securities Act of
          1933, as amended, on or prior to the date of consummation of such
          Corporate Transaction.

               (cc) "Related Entity" means any Parent, Subsidiary and any
          business, corporation, partnership, limited liability company or other
          entity in which the

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          Company, a Parent or a Subsidiary holds a substantial ownership
          interest, directly or indirectly.

               (dd) "Restricted Stock" means Shares issued under the Plan to the
          Grantee for such consideration, if any, and subject to such
          restrictions on transfer, rights of first refusal, repurchase
          provisions, forfeiture provisions, and other terms and conditions as
          established by the Administrator.

               (ee) "Share" means a share of the Common Stock.

               (ff) "Subsidiary" means a "subsidiary corporation," whether now
          or hereafter existing, as defined in Section 424(f) of the Code.

     3. Stock Subject to the Plan.

               (a) Subject to the provisions of Section 11 (a) below, the
          maximum aggregate number of Shares which may be issued pursuant to all
          Awards (including Incentive Stock Options) is 200,000 Shares. The
          Shares may be authorized, but unissued, or reacquired Common Stock.

               (b) Any Shares covered by an Award (or portion of an Award) which
          is forfeited or canceled, expires or is settled in cash, shall be
          deemed not to have been issued for purposes of determining the maximum
          aggregate number of Shares which may be issued under the Plan. If any
          unissued Shares are retained by the Company upon exercise of an Award
          in order to satisfy the exercise price for such Award or any
          withholding taxes due with respect to such Award, such retained Shares
          subject to such Award shall become available for future issuance under
          the Plan (unless the Plan has terminated). Shares that actually have
          been issued under the Plan pursuant to an Award shall not be returned
          to the Plan and shall not become available for future issuance under
          the Plan, except that if unvested Shares are forfeited, or repurchased
          by the Company at their original purchase price, such Shares shall
          become available for future grant under the Plan.

     4. Administration of the Plan.

               (a) Plan Administrator. With respect to grants of Awards to
          Employees, Directors, or Consultants, the Plan shall be administered
          by (A) the Board or (B) a Committee (or a subcommittee of the
          Committee) designated by the Board, which Committee shall be
          constituted in such a manner as to satisfy Applicable Laws. Once
          appointed, such Committee shall continue to serve in its designated
          capacity until otherwise directed by the Board.

               (b) Powers of the Administrator. Subject to Applicable Laws and
          the provisions of the Plan (including any other powers given to the
          Administrator hereunder), and except as otherwise provided by the
          Board, the Administrator shall have the authority, in its discretion:

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     (i) to select the Employees, Directors and Consultants to whom Awards may
be granted from time to time hereunder;

     (ii) to determine whether and to what extent Awards are granted hereunder;

     (iii) to determine the number of Shares or the amount of other
consideration to be covered by each Award granted hereunder;

     (iv) to approve forms of Award Agreements for use under the Plan;

     (v) to determine the terms and conditions of any Award granted hereunder;

     (vi) to establish additional terms, conditions, rules or procedures to
accommodate the rules or laws of applicable foreign jurisdictions and to afford
Grantees favorable treatment under such rules or laws; provided, however, that
no Award shall be granted under any such additional terms, conditions, rules or
procedures with terms or conditions which are inconsistent with the provisions
of the Plan;

     (vii) to amend the terms of any outstanding Award granted under the Plan,
provided that any amendment that would adversely affect the Grantee's rights
under an outstanding Award shall not be made without the Grantee's written
consent;

     (viii) to construe and interpret the terms of the Plan and Awards,
including without limitation, any notice of award or Award Agreement, granted
pursuant to the Plan; and

     (ix) to take such other action, not inconsistent with the terms of the
Plan, as the Administrator deems appropriate.

               (c) Effect of Administrator's Decision. All decisions,
          determinations and interpretations of the Administrator shall be
          conclusive and binding on all persons.

     5. Eligibility. Awards other than Incentive Stock Options may be granted to
Employees, Directors and Consultants. Incentive Stock Options may be granted
only to Employees of the Company, a Parent or a Subsidiary. An Employee,
Director or Consultant who has been granted an Award may, if otherwise eligible,
be granted additional Awards. Awards may be granted to such Employees, Directors
or Consultants who are residing in foreign jurisdictions as the Administrator
may determine from time to time.

     6. Terms and Conditions of Awards.

               (a) Type of Awards. The Administrator is authorized under the
          Plan to award any type of arrangement to an Employee, Director or
          Consultant that is not inconsistent with the provisions of the Plan
          and that by its terms involves or might involve the issuance of (i)
          Shares, (ii) an Option, or similar right with a fixed or variable
          price related to the Fair Market Value of the Shares and with an
          exercise or conversion privilege related to the passage of time, the
          occurrence of one or

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          more events, or the satisfaction of performance criteria or other
          conditions, or (iii) any other security with the value derived from
          the value of the Shares. Such awards include, without limitation,
          Options, or sales or bonuses of Restricted Stock, and an Award may
          consist of one such security or benefit, or two (2) or more of them in
          any combination or alternative.

               (b) Designation Of Award. Each Award shall be designated in the
          Award Agreement. In the case of an Option, the Option shall be
          designated as either an Incentive Stock Option or a Non-Qualified
          Stock Option. However, notwithstanding such designation, to the extent
          that the aggregate Fair Market Value of Shares subject to Options
          designated as Incentive Stock Options which become exercisable for the
          first time by a Grantee during any calendar year (under all plans of
          the Company or any Parent or Subsidiary) exceeds $100,000, such excess
          Options, to the extent of the Shares covered thereby in excess of the
          foregoing limitation, shall be treated as Non-Qualified Stock Options.
          For this purpose, Incentive Stock Options shall be taken into account
          in the order in which they were granted, and the Fair Market Value of
          the Shares shall be determined as of the grant date of the relevant
          Option.

               (c) Conditions of Award. Subject to the terms of the Plan, the
          Administrator shall determine the provisions, terms, and conditions of
          each Award including, but not limited to, the Award vesting schedule,
          repurchase provisions, rights of first refusal, forfeiture provisions,
          form of payment (cash, Shares, or other consideration) upon settlement
          of the Award, payment contingencies, and satisfaction of any
          performance criteria. The performance criteria established by the
          Administrator may be based on any one of, or combination of, increase
          in share price, earnings per share, total shareholder return, return
          on equity, return on assets, return on investment, net operating
          income, cash flow, revenue, economic value added, personal management
          objectives, or other measure of performance selected by the
          Administrator. Partial achievement of the specified criteria may
          result in a payment or vesting corresponding to the degree of
          achievement as specified in the Award Agreement.

               (d) Acquisitions and Other Transactions. The Administrator may
          issue Awards under the Plan in settlement, assumption or substitution
          for, outstanding awards or obligations to grant future awards in
          connection with the Company or a Related Entity acquiring another
          entity, an interest in another entity or an additional interest in a
          Related Entity whether by merger, stock purchase, asset purchase or
          other form of transaction.

               (e) Deferral of Award Payment. The Administrator may establish
          one or more programs under the Plan to permit selected Grantees the
          opportunity to elect to defer receipt of consideration upon exercise
          of an Award, satisfaction of performance criteria, or other event that
          absent the election would entitle the Grantee to payment or receipt of
          Shares or other consideration under an Award. The Administrator may
          establish the election procedures, the timing of such

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          elections, the mechanisms for payments of, and accrual of interest or
          other earnings, if any, on amounts, Shares or other consideration so
          deferred, and such other terms, conditions, rules and procedures that
          the Administrator deems advisable for the administration of any such
          deferral program.

               (f) Award Exchange Programs. The Administrator may establish one
          or more programs under the Plan to permit selected Grantees to
          exchange an Award under the Plan for one or more other types of Awards
          under the Plan on such terms and conditions as determined by the
          Administrator from time to time.

               (g) Separate Programs. The Administrator may establish one or
          more separate programs under the Plan for the purpose of issuing
          particular forms of Awards to one or more classes of Grantees on such
          terms and conditions as determined by the Administrator from time to
          time.

               (h) Early Exercise. The Award Agreement may, but need not,
          include a provision whereby the Grantee may elect at any time while an
          Employee, Director or Consultant to exercise any part or all of the
          Award prior to full vesting of the Award. Any unvested Shares received
          pursuant to such exercise may be subject to a repurchase right in
          favor of the Company or a Related Entity or to any other restriction
          the Administrator determines to be appropriate.

               (i) Term of Award. The term of each Award shall be the term
          stated in the Award Agreement. However, in the case of an Incentive
          Stock Option granted to a Grantee who, at the time the Option is
          granted, owns stock representing more than ten percent (10%) of the
          voting power of all classes of stock of the Company or any Parent or
          Subsidiary, the term of the Incentive Stock Option shall be five (5)
          years from the date of grant thereof or such shorter term as may be
          provided in the Award Agreement.

               (j) Transferability of Awards. Incentive Stock Options may not be
          sold, pledged, assigned, hypothecated, transferred, or disposed of in
          any manner other than by will or by the laws of descent or
          distribution and may be exercised, during the lifetime of the Grantee,
          only by the Grantee; provided, however, that the Grantee may designate
          a beneficiary of the Grantee's Incentive Stock Option in the event of
          the Grantee's death on a beneficiary designation form provided by the
          Administrator. Other Awards shall be transferred by will and by the
          laws of descent and distribution, and during the lifetime of the
          Grantee, by gift and or pursuant to a domestic relations order to
          members of the Grantee's Immediate Family to the extent and in the
          manner determined by the Administrator.

               (k) Time of Granting Awards. The date of grant of an Award shall
          for all purposes be the date on which the Administrator makes the
          determination to grant such Award, or such other date as is determined
          by the Administrator. Notice of the grant determination shall be given
          to each Employee, Director or

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          Consultant to whom an Award is so granted within a reasonable time
          after the date of such grant.

    7. Award Exercise or Purchase Price, Consideration, Taxes and Reload
Options.

          (a)  Exercise or Purchase Price. The exercise or purchase price, if
     any, for an Award shall be as follows:

     (i) In the case of an Incentive Stock Option:

     (A) granted to an Employee who, at the time of the grant of such Incentive
Stock Option owns stock representing more than ten percent (10%) of the voting
power of all classes of stock of the Company or any Parent or Subsidiary, the
per Share exercise price shall be not less than one hundred ten percent (110%)
of the Fair Market Value per Share on the date of grant; or

     (B) granted to any Employee other than an Employee described in the
preceding paragraph, the per Share exercise price shall be not less than one
hundred percent (100%) of the Fair Market Value per Share on the date of grant.

     (ii) In the case of a Non-Qualified Stock Option, the per Share exercise
price shall be not less than eighty-five percent (85%) of the Fair Market Value
per Share on the date of grant unless otherwise determined by the Administrator.

     (iii) In the case of other Awards, such price as is determined by the
Administrator.

     (iv) Notwithstanding the foregoing provisions of this Section 7(a), in the
case of an Award issued pursuant to Section 6(d), above, the exercise or
purchase price for the Award shall be determined in accordance with the
principles of Section 424(a) of the Code.

               (b) Consideration. Subject to Applicable Laws, the consideration
          to be paid for the Shares to be issued upon exercise or purchase of an
          Award including the method of payment, shall be determined by the
          Administrator (and, in the case of an Incentive Stock Option, shall be
          determined at the time of grant). In addition to any other types of
          consideration the Administrator may determine, the Administrator is
          authorized to accept as consideration for Shares issued under the Plan
          the following:

     (i) cash;

     (ii) check;

     (iii) delivery of Grantee's promissory note with such recourse, interest,
security, and redemption provisions as the Administrator determines as
appropriate;

     (iv) if the exercise or purchase occurs on or after the Registration Date,
surrender of Shares or delivery of a properly executed form of attestation of
ownership of Shares as the

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     Administrator may require (including withholding of Shares otherwise
     deliverable upon exercise of the Award) which have a Fair Market Value on
     the date of surrender or attestation equal to the aggregate exercise price
     of the Shares as to which said Award shall be exercised (but only to the
     extent that such exercise of the Award would not result in an accounting
     compensation charge with respect to the Shares used to pay the exercise
     price unless otherwise determined by the Administrator);

          (v) with respect to Options, if the exercise occurs on or after the
     Registration Date, payment through a broker-dealer sale and remittance
     procedure pursuant to which the Grantee (A) shall provide written
     instructions to a Company designated brokerage firm to effect the immediate
     sale of some or all of the purchased Shares and remit to the Company, out
     of the sale proceeds available on the settlement date, sufficient funds to
     cover the aggregate exercise price payable for the purchased Shares and (B)
     shall provide written directives to the Company to deliver the certificates
     for the purchased Shares directly to such brokerage firm in order to
     complete the sale transaction; or

          (vi) any combination of the foregoing methods of payment. (c) Taxes.
     No Shares shall be delivered under the Plan to any Grantee or other person
     until such Grantee or other person has made arrangements acceptable to the
     Administrator for the satisfaction of any foreign, federal, state, or local
     income and employment tax withholding obligations, including, without
     limitation, obligations incident to the receipt of Shares or the
     disqualifying disposition of Shares received on exercise of an Incentive
     Stock Option. Upon exercise of an Award the Company shall withhold or
     collect from Grantee an amount sufficient to satisfy such tax obligations.

               (d) Reload Options. In the event the exercise price or tax
          withholding of an Option is satisfied by the Company or the Grantee's
          employer withholding Shares otherwise deliverable to the Grantee, the
          Administrator may issue the Grantee an additional Option, with terms
          identical to the Award Agreement under which the Option was exercised,
          but at an exercise price as determined by the Administrator in
          accordance with the Plan.

     8.   Exercise of Award.

               (a) Procedure for Exercise, Rights as a Shareholder.

          (i) Any Award granted hereunder shall be exercisable at such times and
     under such conditions as determined by the Administrator under the terms of
     the Plan and specified in the Award Agreement.

          (ii) An Award shall be deemed to be exercised when written notice of
     such exercise has been given to the Company in accordance with the terms of
     the Award by the person entitled to exercise the Award and full payment for
     the Shares with respect to which the Award is exercised, including, to the
     extent selected, use of the broker-dealer sale and remittance procedure to
     pay the purchase price as provided in Section 7(b)(v). Until the issuance
     (as evidenced by the appropriate entry on the books of the Company or of a
     duly authorized

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     transfer agent of the Company) of the stock certificate evidencing such
     Shares, no right to vote or receive dividends or any other rights as a
     shareholder shall exist with respect to Shares subject to an Award,
     notwithstanding the exercise of an Option or other Award. The Company shall
     issue (or cause to be issued) such stock certificate promptly upon exercise
     of the Award. No adjustment will be made for a dividend or other right for
     which the record date is prior to the date the stock certificate is issued,
     except as provided in the Award Agreement or Section 10, below.

          (b)  Exercise of Award Following Termination of Continuous Service.

          (i)  An Award may not be exercised after the termination date of such
     Award set forth in the Award Agreement and may be exercised following the
     termination of a Grantee's Continuous Service only to the extent provided
     in the Award Agreement.

          (ii)   Where the Award Agreement permits a Grantee to exercise an
     Award following the termination of the Grantee's Continuous Service for a
     specified period, the Award shall terminate to the extent not exercised on
     the last day of the specified period or the last day of the original term
     of the Award, whichever occurs first.

          (iii)  Any Award designated as an Incentive Stock Option to the extent
     not exercised within the time permitted by law for the exercise of
     Incentive Stock Options following the termination of a Grantee's Continuous
     Service shall convert automatically to a Non-Qualified Stock Option and
     thereafter shall be exercisable as such to the extent exercisable by its
     terms for the period specified in the Award Agreement.

                         (c) Buyout Provisions. The Administrator may at any
               time offer to buy out for a payment in cash or Shares, an Award
               previously granted, based on such terms and conditions as the
               Administrator shall establish and communicate to the Grantee at
               the time that such offer is made.

     9.   Conditions Upon Issuance of Shares.

                         (a) Shares shall not be issued pursuant to the exercise
               of an Award unless the exercise of such Award and the issuance
               and delivery of such Shares pursuant thereto shall comply with
               all Applicable Laws, and shall be further subject to the approval
               of counsel for the Company with respect to such compliance.

                         (b) As a condition to the exercise of an Award, the
               Company may require the person exercising such Award to represent
               and warrant at the time of any such exercise that the Shares are
               being purchased only for investment and without any present
               intention to sell or distribute such Shares if, in the opinion of
               counsel for the Company, such a representation is required by any
               Applicable Laws.

     10. Adjustments Upon Changes in Capitalization or Corporate Transaction.

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               (a) Adjustments upon Changes in Capitalization. Subject to any
          required action by the shareholders of the Company, the number of
          Shares covered by each outstanding Award, and the number of Shares
          which have been authorized for issuance under the Plan but as to which
          no Awards have yet been granted or which have been returned to the
          Plan, the exercise or purchase price of each such outstanding Award,
          as well as any other terms that the Administrator determines require
          adjustment shall be proportionately adjusted for (i) any increase or
          decrease in the number of issued Shares resulting from a stock split,
          reverse stock split, stock dividend, combination or reclassification
          of the Shares, or similar transaction affecting the Shares, (ii) any
          other increase or decrease in the number of issued Shares effected
          without receipt of consideration by the Company, or (iii) as the
          Administrator may determine in its discretion, any other transaction
          with respect to Common Stock to which Section 424(a) of the Code
          applies or a similar transaction; provided, however that conversion of
          any convertible securities of the Company shall not be deemed to have
          been "effected without receipt of consideration." Such adjustment
          shall be made by the Administrator and its determination shall be
          final, binding and conclusive. Except as the Administrator determines,
          no issuance by the Company of shares of stock of any class, or
          securities convertible into shares of stock of any class, shall
          affect, and no adjustment by reason hereof shall be made with respect
          to, the number or price of Shares subject to an Award.

               (b) Corporate Transaction. Except as provided otherwise in an
          individual Award Agreement, in the event of a Corporate Transaction,
          each Award will terminate immediately prior to the specified effective
          date of the Corporate Transaction, unless the Award is assumed by the
          successor corporation or Parent thereof in connection with the
          Corporate Transaction.

     11. Effective Date and Term of Plan. The Plan shall become effective upon
the earlier to occur of its adoption by the Board or its approval by the
shareholders of the Company. It shall continue in effect for a term of ten (10)
years unless sooner terminated. Subject to Section 16, below, and Applicable
Laws, Awards may be granted under the Plan upon its becoming effective.

     12. Amendment, Suspension or Termination of the Plan.

               (a) The Board may at any time amend, suspend or terminate the
          Plan. To the extent necessary to comply with Applicable Laws, the
          Company shall obtain shareholder approval of any Plan amendment in
          such a manner and to such a degree as required.

               (b) No Award may be granted during any suspension of the Plan or
          after termination of the Plan.

               (c) Any amendment, suspension or termination of the Plan
          (including termination of the Plan under Section 12, above) shall not
          affect Awards already granted, and such Awards shall remain in full
          force and effect as if the Plan had

                                                                            -12-
<PAGE>

          not been amended, suspended or terminated, unless mutually agreed
          otherwise between the Grantee and the Administrator, which agreement
          must be in writing and signed by the Grantee and the Company.

     13. Reservation of Shares.

               (a) The Company, during the term of the Plan, will at all times
          reserve and keep available such number of Shares as shall be
          sufficient to satisfy the requirements of the Plan.

               (b) The inability of the Company to obtain authority from any
          regulatory body having jurisdiction, which authority is deemed by the
          Company's counsel to be necessary to the lawful issuance and sale of
          any Shares hereunder, shall relieve the Company of any liability in
          respect of the failure to issue or sell such Shares as to which such
          requisite authority shall not have been obtained.

     14. No Effect on Terms of Employment/Consulting Relationship. The Plan
shall not confer upon any Grantee any right with respect to the Grantee's
Continuous Service, nor shall it interfere in any way with his or her right or
the Company's right to terminate the Grantee's Continuous Service at any time,
with or without cause.

     15. No Effect on Retirement and Other Benefit Plans. Except as specifically
provided in a retirement or other benefit plan of the Company or a Related
Entity, Awards shall not be deemed compensation for purposes of computing
benefits or contributions under any retirement plan of the Company or a Related
Entity, and shall not affect any benefits under any other benefit plan of any
kind or any benefit plan subsequently instituted under which the availability or
amount of benefits is related to level of compensation. The Plan is not a
"Retirement Plan" or "Welfare Plan" under the Employee Retirement Income
Security Act of 1974, as amended.

     16. Shareholder Approval. The grant of Incentive Stock Options under the
Plan shall be subject to approval by the shareholders of the Company within
twelve (12) months before or after the date the Plan is adopted excluding
Incentive Stock Options issued in substitution for outstanding Incentive Stock
Options pursuant to Section 424(a) of the Code. Such shareholder approval shall
be obtained in the degree and manner required under Applicable Laws. The
Administrator may grant Incentive Stock Options under the Plan prior to approval
by the shareholders, but until such approval is obtained, no such Incentive
Stock Option shall be exercisable. In the event that shareholder approval is not
obtained within the twelve (12) month period provided above, all Incentive Stock
Options previously granted under the Plan shall be exercisable as Non-Qualified
Stock Options.

                                                                            -13-<PAGE>

                                                                     EXHIBIT 4.6

                                FORM OF OPTION

     THE SECURITIES REPRESENTED BY THIS OPTION HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE
SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE
AND SCOPE REASONABLY ACCEPTABLE TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT. ANY SUCH OFFER, SALE, ASSIGNMENT OR TRANSFER MUST ALSO
COMPLY WITH THE APPLICABLE STATE SECURITIES LAWS.

                                IQC CORPORATION

                        Option to Purchase Common Stock

     Registered Holder:

     Number of Shares:

     Date of Issuance:

     IQC Corporation, a California corporation (the "Company"), hereby certifies
that the registered holder hereof or his/hers permitted assigns, is entitled,
subject to the terms set forth below, to purchase from the Company upon
surrender of this Option, at any time or times on or after the date hereof, but
not after 11:59 P.M. Pacific Time on the Expiration Date (as defined herein)
__________ fully paid on assessable shares of Common Stock (as defined herein)
(the "Option Shares") at the Option Exercise Price provided in Section 1(b)
below.

          Section 1.  Definitions

          Definitions.  The following words and terms as used in this Option

     shall have the following meanings:

               (i)   "Common Stock" means (i) the Company's common stock, no par
          value, and (ii) any capital stock into which such Common Stock shall
          have been changed or any capital stock resulting from a
          reclassification of such Common Stock.

               (ii)  "Convertible Securities" means any stock or securities
          (other than Options) directly or indirectly convertible into or
          exchangeable for Common Stock.
<PAGE>

               (iii)  "Expiration Date" means __________ or, if such date fails
          on a Saturday, Sunday or other day on which banks are required or
          authorized to be closed in the City of Los Angeles or the State of
          California or on which trading does not take place on the principal
          exchange, market or automated quotation system on which the Common
          Stock is traded, if any (a "Holiday"), the next date that is not a
          Holiday.

               (iv)   "Options" means any rights, Options or options to
          subscribe for or purchase Common Stock or Convertible Securities. The
          Options shall be nonqualified options not intended to meet the
          requirements of Section 422 of the Internal Revenue Code of 1986, as
          amended.

               (v)    "Person" means an individual, a limited liability company,
          a partnership, a joint venture, a corporation, a trust, an
          unincorporated organization and a government or any department or
          agency thereof.

               (vi)   "Securities Act" means the Securities Act of 1933, as
          amended.

               (vii)  "Option Exercise Price" shall be equal to ten cents
          ($0.10) per share.

               (viii) "Exercise Notice" shall mean the written notice in the
          form of the subscription notice attached as Exhibit "A" hereto.

               (ix)   "Aggregate Exercise Price" shall mean an amount equal to
          the Option Exercise Price multiplied by the number of Option Shares as
          to which the Option is being exercised (plus any applicable issue or
          transfer taxes).

          Section 2.  Exercise of Option.

               (a)  Subject to the terms and conditions hereof, this Option may
          be exercised by the holder hereof then registered on the books of the
          Company, in whole or in part, at any time on any business day on or
          after the opening of business on the date hereof and prior to 11:59
          P.M. Pacific Time on the Expiration Date by (i) delivery of the
          written Exercise Notice of such holder's election to exercise this
          Option, which notice shall specify the number of Option Shares to be
          purchased, (ii) payment to the Company of the Aggregate Exercise Price
          in cash or by check or wire transfer, and (iii) the surrender to a
          common carrier for delivery to the Company as soon as practicable
          following such date, this Option (or an indemnification undertaking
          with respect to this Option in the case of its loss, theft or
          destruction); provided, that if such Option Shares are to be issued in
          any name other than that of the registered holder of this Option, such
          issuance shall be deemed a transfer and the provisions of Section 6
          shall be applicable. In the event of any exercise of the rights
          represented by this Option in compliance with this Section 2(a), a
          certificate or certificates for the Option Shares so purchased, in
          such denominations as may be requested by the holder hereof and
          registered in the name of, or as directed by, the holder, shall be
          delivered at the Company's expense to, or as directly by, such holder
          as soon as practicable after the Company's receipt of the Exercise
          Notice, the Aggregate Exercise Price and this Option (or an
          indemnification undertaking in customary form with respect to this
          Option in the case of

                                                                             -2-
<PAGE>

          its loss, theft or destruction). Upon delivery of the Exercise Notice
          and Aggregate Exercise Price referred to in clauses (i) and (ii)
          above, the holder of this Option shall be deemed for all corporate
          purposes to have become the holder of record of the Option Shares with
          respect to which this Option has been exercised, irrespective of the
          date of delivery of this Option as required by clause (iii) above or
          the certificates evidencing such Option Shares.

               (b)  Unless the rights represented by this Option shall have
          expired or shall have been fully exercised, the Company shall, as soon
          as practicable after any exercise, issue a new Option identical in all
          respects to this Option exercised except it shall represent rights to
          purchase the number of Option Shares purchasable immediately prior to
          such exercise under this Option exercised, less the number of Option
          Shares with respect to which such Option is exercised.

               (c)  No fractional shares of Common Stock are to be issued upon
          the exercise of this Option, but rather the number of shares of Common
          Stock issued upon exercise of this Option shall be rounded up or down
          to the nearest whole number

               (d)  The holder of this Option may, at its election exercised in
          its sole discretion, exercise this Option in whole or in part and, in
          lieu of making the cash payment otherwise contemplated to be made to
          the Company upon such exercise in payment of the Aggregate Exercise
          Price, elect instead to receive upon such exercise the "Net Number" of
          shares of Common Stock determined according to the following formula:

                          Net Number = (AxB) - (AxC)

                                     B

     For purposes of the foregoing formula:

     A= the total number shares with respect to which this Option is then being
exercised.

     B= the Closing Sale Price of the Common Stock on the date immediately
preceding the date of the Exercise Notice.

     C= the Option Exercise Price then in effect at the time of such exercise.

     Section 3. Covenants as to Common Stock. The Company hereby covenants and
agrees as follows:

               (a)  This Option is, and any Options issued in substitution for
          or replacement of this Option will upon issuance be, duly authorized
          and validly issued.

               (b)  All Option Shares which may be issued upon the exercise of
          the rights represented by this Option will, upon issuance, be validly
          issued, fully paid and nonassessable and free from all taxes, liens
          and charges with respect to the issue thereof.

                                                                             -3-
<PAGE>

               (c)  During the period within which the rights represented by
          this Option may be exercised, the Company will at all times have
          authorized and reserved at least 100% of the number of shares of
          Common Stock needed to provide for the exercise of the rights then
          represented by this Option and the par value of said shares will at
          all times be less than or equal to the applicable Option Exercise
          Price.

               (d)  This Option will be binding upon any entity succeeding to
          the Company by merger, consolidation or acquisition of all or
          substantially all of the Company's assets.

     Section 4. Option Holder Not Deemed a Stockholder. Except as otherwise
specifically provided herein, no holder, as such, of this Option shall be
entitled to vote or receive dividends or be deemed the holder of shares of the
Company for any purpose, not shall anything contained in this Option be
construed to confer upon the holder hereof, as such, any of the rights of a
stockholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization, issue of stock, reclassification
of stock, consolidation, merger, conveyance or otherwise), receive notice of
meetings, receive dividends or subscription rights, or otherwise, prior to the
issuance to the holder of this Option of the Option Shares which he or she is
then entitled to receive upon the due exercise of this Option. In addition,
nothing contained in this Option shall be construed as imposing any liabilities
on such holder to purchase any securities (upon exercise of this Option or
otherwise) or as a stockholder of the Company, whether such liabilities are
asserted by the Company or by creditors of the Company. Notwithstanding this
Section 4, the Company will provide the holder of this Option with copies of the
same notices and other information  given  to  the  stockholders  of  the
Company  generally, contemporaneously with the giving thereof to the
stockholders.

     Section 5. Representations of Holder. The holder of this Option, by the
acceptance hereof, represents that it is acquiring this Option and the Option
Shares for its own account for investment purposes only and not with a view
towards, or for resale in connection with, the public sale or distribution of
this Option or the Option Shares, except pursuant to sales registered or
exempted under the Securities Act. Upon exercise of this Option, the holder
shall, if requested by the Company, confirm in writing, in a form satisfactory
to the Company, that the Option Shares so purchased are being acquired solely
for the holder's own account and not as a nominee for any other party. If such
holder cannot make such representations because they would be factually
incorrect, it shall be a condition to such holder's exercise of this Option that
the Company receive such other representations as the Company considers
reasonably necessary to assure the Company that the issuance of its securities
upon exercise of this Option shall not violate any United States, state
securities or other laws. The holder of this Option acknowledges that the Option
Shares may be subject to dilution in the event the Company issues additional
shares of Common Stock.

     Section 6. Ownership and Transfer.

               (a)  This Option and the rights granted to the holder hereof are
     non-transferable, in whole or in part, other than by the laws of descent
     and distribution, and shall become null and void upon any attempted
     assignment or transfer, except as provided herein.

                                                                             -4-
<PAGE>

               (b)  The holder of this Option understands that the Common Stock
     issuable upon exercise of this Option has not been and is not expected to
     be, registered under the Securities Act or any state securities laws, and
     may not be offered for sale, sold assigned or transferred unless: (a)
     subsequently registered thereunder; or (b) such holder shall have delivered
     to the Company an opinion of counsel, in generally acceptable form, to the
     effect that the securities to be sold, assigned or transferred may be sold,
     assigned or transferred pursuant to an exemption from such registration;
     provided that: (i) any sale of such securities made in reliance on Rule 144
     promulgated under the Securities Act may be made only in accordance with
     the terms of said Rule and further, if said Rule is not applicable, a
     resale of such securities under circumstances in which the seller (or the
     person through whom the sale is made) may be deemed to be an underwriter
     (as that term is defined in the Securities Act) may require compliance with
     some other exemption under the Securities Act or the rules and regulations
     of the Securities and Exchange Commission thereunder; and (ii) neither the
     Company nor any other person is under any obligation to register the
     Options under the Securities Act or any state securities laws or to comply
     with the terms and conditions of any exemption thereunder.

     Section 7.  Adjustment of Option  Exercise  Price and Number of Shares. The
Option Exercise Price and the number of shares of Common Stock issuable upon
exercise of this Option shall be adjusted from time to time if the Company at
any time after the date of issuance of this Option subdivides (by any stock
split, stock dividend, recapitalization or otherwise) one or more classes of its
outstanding shares of Common Stock into a greater number of shares, the Option
Exercise Price in effect immediately prior to such subdivision will be
proportionately reduced and the number of shares of Common Stock obtainable upon
exercise of this Option will be proportionately increased. If the Company at any
time after the date of issuance of this Option combines (by combination, reverse
stock split or otherwise) one or more classes of its outstanding shares of
Common Stock into a smaller number of shares, the Option Exercise Price in
effect immediately prior to such combination will be proportionately increased
and the number of shares of Common Stock obtainable upon exercise of this Option
will be proportionately decreased.

     Section 8.  Lost, Stolen,  Mutilated or Destroyed Option. If this Option is
lost, stolen, mutilated or destroyed, the Company shall, on receipt of an
indemnification undertaking, issue a new Option of like denomination and tenor
as this Option so lost, stolen, mutilated or destroyed.

     Section 9.  Notice. Any notices, consents, waivers or other communications
required or permitted to be given under the terms of this Option must be in
writing and will be deemed to have been delivered: (i) upon receipt, when
delivered personally; (ii) upon receipt, when sent by facsimile (provided
confirmation of transmission is mechanically or electronically generated and
kept on file by the sending party); (iii) one business day after deposit with a
nationally recognized overnight delivery service when sent by one business day
overnight; or (iv) five days after sent by U.S. certified mail return receipt
requested.

     Section 10. Amendments. This Option and any term hereof may be changed,
waived, discharged, or terminated only by an instrument in writing signed by the
party or holder hereof against which enforcement of such change, waiver,
discharge or termination is sought.

                                                                             -5-
<PAGE>

     Section 11. Date. The date of this Option is __________. This Option, in
all events, shall be wholly void and of no effect after the close of business on
the Expiration Date.

     Section 12. Descriptive Headings; Governing Law. The descriptive headings
of the several Sections and paragraphs of this Option are inserted for
convenience only and do not constitute a part of this Option. The corporate laws
of the State of California shall govern all issues concerning the relative
rights of the Company and its stockholders. All other questions concerning the
construction, validity, enforcement and interpretation of this Option shall be
governed by the internal laws of the State of California, without giving effect
to any choice of law or conflict of law provision or rule that would cause the
application of the laws of any jurisdictions other than the State of California.

     IN WITNESS WHEREOF, the Company has caused this Option to be duly executed
and delivered as of the day and year first written above.

                                   IQC CORPORATION

                                   By: _________________________ Name:
                              _______________________            Title:
                              ________________________

     Accepted by the undersigned holder on ____________________, 199 __

     Print Name:

                                                                             -6-
<PAGE>

                              EXHIBIT A TO OPTION

                                EXERCISE NOTICE

     The undersigned hereby notifies IQC CORPORATION, formerly known as I. Q.
NET CORP., a California corporation ("Company"), of its exercise of their option
to purchase __________ shares of common stock of the Company.

     Date: ____________________

     Print Name: ____________________

                                                                             -7-

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