Document:

BRIGHTCUBE, INC.

                           2001 EQUITY INCENTIVE PLAN

1.   PURPOSES

     (a)     ELIGIBLE  STOCK  AWARD RECIPIENTS.  The persons eligible to receive
Stock  Awards (as defined below) are the Employees (as defined below), Directors
(as  defined  below),  Officers  (as  defined below) and Consultants (as defined
below)  of  the  Company  and  its  Affiliates  (as  defined  below).

     (b)     AVAILABLE STOCK AWARDS.  The purpose of the Plan is to provide a
means  by  which eligible recipients of Stock Awards may be given an opportunity
to  benefit  from  increases  in  value  of  the Common Stock (as defined below)
through  the granting of the following Stock Awards: (i) Incentive Stock Options
(as  defined  below);  (ii) Nonstatutory Stock Options (as defined below); (iii)
stock  bonuses;  and  (iv)  rights  to  acquire  restricted  stock.

     (c)     GENERAL  PURPOSE.  The  Company,  by  means  of  the Plan, seeks to
retain the services of the group of persons eligible to receive Stock Awards, to
secure  and  retain  the  services  of  new members of this group and to provide
incentives  for  such  persons  to  exert maximum efforts for the success of the
Company  and  its  Affiliates  (as  defined  below).

2.   DEFINITIONS

     (a)     "AFFILIATE"  means any parent corporation or subsidiary corporation
of the Company, whether now or hereafter existing, as those terms are defined in
Sections  424(e)  and  (f),  respectively,  of  the  Code.

     (b)     "BOARD"  means  the  Board  of  Directors  of  the  Company.

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

     (d)     "COMMITTEE"  means a Committee appointed by the Board in accordance
with  subsection  3(c).

     (e)     "COMMON  STOCK"  means  the  Common  Stock, $.001 par value, of the
Company.

     (f)     "COMPANY"  means  BrightCube,  Inc.,  a  Nevada  corporation.

     (g)     "CONSULTANT" means any person, including an advisor, (i) engaged by
the Company or an Affiliate to render consulting or advisory services and who is
compensated  for such services or (ii) who is a member of the board of directors
of  an  Affiliate.  However,  the  term  "Consultant"  shall  not include either
Directors  of  the  Company  who  are  not  compensated by the Company for their
services  as  Directors  or  Directors  of  the  Company  who  are merely paid a
director's  fee  by  the  Company  for  their  services  as  Directors.

     (h)     "CONTINUOUS  SERVICE"  means  that  the  Participant's  service (as
defined  below)  with  the  Company  or  an  Affiliate,  whether as an Employee,
Director  or  Consultant,  is  not interrupted or terminated.  The Participant's
Continuous  Service  shall  not be deemed to have terminated merely because of a
change  in  the capacity in which the Participant renders service to the Company
or an Affiliate as an Employee, Consultant or Director or a change in the entity
for  which  the  Participant  renders  such  service,  provided that there is no
interruption  or  termination  of  the  Participant's  Continuous  Service.  For

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example,  a  change in status from an Employee of the Company to a Consultant of
an Affiliate or a Director of the Company will not constitute an interruption of
Continuous Service.  The Board or the chief executive officer of the Company, in
that  party's sole discretion, may determine whether Continuous Service shall be
considered  interrupted  in  the  case  of any leave of absence approved by that
party,  including  sick  leave,  military  leave  or  any  other personal leave.

     (i)     "COVERED  EMPLOYEE"  means the chief executive officer and the four
(4)  other  highest  compensated  officers  of  the  Company  for  whom  total
compensation  is  required to be reported to stockholders under the Exchange Act
(as  defined  below),  as determined for purposes of Section 162(m) of the Code.

     (j)     "DIRECTOR" means a member of the Board of Directors of the Company.

     (k)     "DISABILITY"  means  the permanent and total disability of a person
within  the  meaning  of  Section  22(e)(3)  of  the  Code.

     (l)     "EMPLOYEE"  means  any  person  employed  by  the  Company  or  an
Affiliate.  Mere  service  as  a  Director or payment of a director's fee by the
Company  or  an  Affiliate shall not be sufficient to constitute "employment" by
the  Company  or  an  Affiliate.

     (m)     "EXCHANGE  ACT"  means  the  Securities  Exchange  Act  of 1934, as
amended.

     (n)     "FAIR  MARKET VALUE" means, as of any date, the value of the Common
Stock  determined  as  follows:

          (i)     If  the  Common  Stock  is  listed  on  any  established stock
exchange  or traded on the Nasdaq National Market or the Nasdaq SmallCap Market,
the  Fair  Market  Value  of  a share of Common Stock shall be the closing sales
price  for  such stock (or the closing bid, if no sales were reported) as quoted
on  such  exchange or market (or the exchange or market with the greatest volume
of  trading in the Common Stock) on the last market trading day prior to the day
of determination, as reported in The Wall Street Journal or such other source as
the  Board  deems  reliable.

          (ii)    In the absence of such markets for the Common Stock, the Fair
Market  Value  shall  be  determined  in  good  faith  by  the  Board.

     (o)     "INCENTIVE  STOCK  OPTION"  means  an  Option  (as  defined  below)
intended  to  qualify as an incentive stock option within the meaning of Section
422  of  the  Code  and  the  regulations  promulgated  thereunder.

     (p)     "NON-EMPLOYEE  DIRECTOR" means a Director of the Company who either
(i)  is  not  a  current  Employee  or Officer of the Company or its parent or a
subsidiary,  does  not  receive  compensation  (directly or indirectly) from the
Company  or  its parent or a subsidiary for services rendered as a consultant or
in  any  capacity  other  than  as  a Director (except for an amount as to which
disclosure would not be required under Item 404(a) of Regulation S-K promulgated
pursuant to the Securities Act ("REGULATION S-K")), does not possess an interest
in  any  other  transaction  as to which disclosure would be required under Item
404(a)  of  Regulation  S-K  and is not engaged in a business relationship as to
which  disclosure would be required under Item 404(b) of Regulation S-K; or (ii)
is  otherwise  considered  a  "nonemployee director" for purposes of Rule 16b-3.

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     (q)     "NONSTATUTORY STOCK OPTION" means an Option not intended to qualify
as  an  Incentive  Stock  Option.

     (r)     "OFFICER"  means  a  person who is an officer of the Company within
the  meaning  of  Section  16  of the Exchange Act and the rules and regulations
promulgated  thereunder.

     (S)     "OPTION"  means  an  Incentive Stock Option or a Nonstatutory Stock
Option  granted  pursuant  to  the  Plan.

     (t)     "OPTION  AGREEMENT"  means  a written agreement between the Company
and an Optionholder (as defined below) evidencing the terms and conditions of an
individual  Option  grant.  Each  Option Agreement shall be subject to the terms
and  conditions  of  the  Plan.

     (u)     "OPTIONHOLDER" means a person to whom an Option is granted pursuant
to  the  Plan  or,  if  applicable,  such  other person who holds an outstanding
Option.

     (v)     "OUTSIDE  DIRECTOR"  means a Director of the Company who either (i)
is  not a current employee of the Company or an "affiliated corporation" (within
the  meaning  of  Treasury  Regulations  promulgated under Section 162(m) of the
Code),  is  not  a former employee of the Company or an "affiliated corporation"
receiving  compensation  for  prior  services  (other than, benefits under a tax
qualified  pension  plan),  was  not an officer of the Company or an "affiliated
corporation"  at  any  time  and  is  not currently receiving direct or indirect
remuneration from the Company or an "affiliated corporation" for services in any
capacity  other  than  as a Director or (ii) is otherwise considered an "outside
director"  for  purposes  of  Section  162(m)  of  the  Code.

     (w)     "PARTICIPANT"  means  a  person  to  whom  a Stock Award is granted
pursuant  to  the  Plan  or,  if  applicable,  such  other  person  who holds an
outstanding  Stock  Award.

     (x)     "PLAN"  means  this  BrightCube,  Inc.  2001 Equity Incentive Plan.

     (y)     "RULE 16B-3" means Rule 16b-3 promulgated under the Exchange Act or
any  successor  to  Rule  16b-3,  as  in  effect  from  time  to  time.

     (z)     "SECURITIES  ACT"  means  the  Securities  Act of 1933, as amended.

     (aa)     "STOCK AWARD" means any right granted under the Plan, including an
Option,  a  stock  bonus  and  a  right  to  acquire  restricted  stock.

     (bb)     "STOCK  AWARD  AGREEMENT"  means  a  written agreement between the
Company  and a holder of a Stock Award evidencing the terms and conditions of an
individual  Stock  Award  grant.  Each Stock Award Agreement shall be subject to
the  terms  and  conditions  of  the  Plan.

     (cc)     "TEN PERCENT STOCKHOLDER" means a person who owns (or is deemed to
own  pursuant  to  Section  424(d)  of  the Code) stock possessing more than ten
percent  (10%) of the total combined voting power of all classes of stock of the
Company  or  of  any  of  its  Affiliates.

3.   ADMINISTRATION

     (a)     ADMINISTRATION  BY  BOARD.  The  Board  shall  administer  the Plan
unless  and until the Board delegates administration to a Committee, as provided
in  subsection  3(c).

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     (b)     POWERS  OF  BOARD.  The Board shall have the power, subject to, and
within  the  limitations  of,  the  express  provisions  of  the  Plan:

          (i)     To  determine  from time to time which of the persons eligible
under  the  Plan  shall  be  granted Stock Awards; when and how each Stock Award
shall  be  granted;  what  type or combination of types of Stock Awards shall be
granted;  the  provisions  of  each  Stock  Award  granted  (which  need  not be
identical),  including  the  time  or  times when a person shall be permitted to
receive  stock  pursuant to a Stock Award; and the number of shares with respect
to  which  a  Stock  Award  shall  be  granted  to  each  such  person.

          (ii)     To  construe  and interpret the Plan and Stock Awards granted
under  it,  and  to  establish,  amend  and revoke rules and regulations for its
administration.  The  Board,  in  the  exercise  of  this power, may correct any
defect,  omission  or inconsistency in the Plan or in any Stock Award Agreement,
in  a  manner and to the extent it shall deem necessary or expedient to make the
Plan  fully  effective.

          (iii)     To  amend  the  Plan or a Stock Award as provided in Section

          (iv)     Generally,  to  exercise such powers and to perform such acts
as  the  Board deems necessary or expedient to promote the best interests of the
Company  which  are  not  in  conflict  with  the  provisions  of  the  Plan.

     (c)     DELEGATION  TO  COMMITTEE.

          (i)     GENERAL.  The Board may delegate administration of the Plan to
a  Committee  or  Committees  of  one or more members of the Board, and the term
"Committee" shall apply to any person or persons to whom such authority has been
delegated.  If  administration  is delegated to a Committee, the Committee shall
have,  in connection with the administration of the Plan, the powers theretofore
possessed by the Board, including the power to delegate to a subcommittee any of
the  administrative  powers  the  Committee  is  authorized  to  exercise  (and
references  in  this  Plan  to the Board shall thereafter be to the Committee or
subcommittee),  subject, however, to such resolutions, not inconsistent with the
provisions  of  the Plan, as may be adopted from time to time by the Board.  The
Board  may  abolish  the  Committee  at  any  time  and  revest in the Board the
administration  of  the  Plan.

          (ii)     COMMITTEE  COMPOSITION  WHEN COMMON STOCK IS PUBLICLY TRADED.
At  such  time  as the Common Stock is publicly traded, in the discretion of the
Board,  a  Committee  may  consist  solely  of two or more Outside Directors, in
accordance  with  Section  162(m)  of  the  Code,  and/or  solely of two or more
Non-Employee Directors, in accordance with Rule 16b-3.  Within the scope of such
authority,  the Board or the Committee may (i) delegate to a committee of one or
more  members  of the Board who are not Outside Directors the authority to grant
Stock  Awards  to eligible persons who are either (A) not then Covered Employees
and  are  not  expected  to  be  Covered Employees at the time of recognition of
income  resulting  from such Stock Award or (B) not persons with respect to whom
the  Company  wishes  to  comply  with  Section  162(m) of the Code, and/or (ii)
delegate  to  a  committee  of  one  or  more  members  of the Board who are not
Non-Employee  Directors  the authority to grant Stock Awards to eligible persons
who  are  not  then  subject  to  Section  16  of  the  Exchange  Act.

4.   SHARES  SUBJECT  TO  THE  PLAN

     (a)     SHARE RESERVE.  Subject to the provisions of Section 11 relating to
adjustments  upon  changes  in  stock,  the stock that may be issued pursuant to
Stock  Awards  shall  not  exceed  in  the  aggregate eight million five hundred
thousand  (8,500,000)  shares  of  Common  Stock.

                                       4.
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     (b)     REVERSION OF SHARES TO THE SHARE RESERVE.  If any Stock Award shall
for  any  reason  expire  or  otherwise  terminate, in whole or in part, without
having  been  exercised in full (or vested in the case of Restricted Stock), the
stock  not  acquired  under  such  Stock  Award shall revert to and again become
available for issuance under the Plan.  If any Common Stock acquired pursuant to
the  exercise  of  an  Option shall for any reason be repurchased by the Company
under  an  unvested  share  repurchase option provided under the Plan, the stock
repurchased  by the Company under such repurchase option shall not revert to and
again  become  available  for  issuance  under  the  Plan.

     (c)     SOURCE  OF  SHARES.  The  stock subject to the Plan may be unissued
shares  or  reacquired  shares  bought  on  the  market  or  otherwise.

5.   ELIGIBILITY

     (a)     ELIGIBILITY  FOR  SPECIFIC  STOCK  AWARDS.  Incentive  Stock
Options  may  be  granted  only to Employees.  Stock Awards other than Incentive
Stock  Options  may  be  granted  to  Employees,  Directors  and  Consultants.

     (b)     TEN  PERCENT  STOCKHOLDERS.  No  Ten  Percent  Stockholder shall be
eligible for the grant of an Incentive Stock Option unless the exercise price of
such  Option is at least one hundred ten percent (110%) of the Fair Market Value
of the Common Stock at the date of grant and the Option is not exercisable after
the  expiration  of  five  (5)  years  from  the  date  of  grant.

     (c)     SECTION  162(M) LIMITATION.  Subject to the provisions of Section 9
relating  to adjustments upon changes in stock, no employee shall be eligible to
be  granted  Options  covering  more  than  one  million  eight hundred thousand
(1,800,000)  shares  of  the  Common  Stock  during  any  calendar  year.

6.   OPTION  PROVISIONS

     Each  Option  shall  be  in  such  form  and  shall  contain such terms and
conditions as the Board shall deem appropriate.  All Options shall be separately
designated  Incentive Stock Options or Nonstatutory Stock Options at the time of
grant,  and  a  separate  certificate  or certificates will be issued for shares
purchased  on  exercise  of  each  type  of  Option.  The provisions of separate
Options  need  not  be  identical,  but  each  Option  shall  include  (through
incorporation  of provisions hereof by reference in the Option or otherwise) the
substance  of  each  of  the  following  provisions:

     (a)     TERM.  Subject  to the provisions of subsection 5(b) regarding Ten
Percent Stockholders, no Option shall be exercisable after the expiration of ten
(10)  years  from  the  date  it  was  granted.

     (b)     EXERCISE  PRICE  OF  AN  INCENTIVE  STOCK  OPTION.  Subject  to the
provisions  of  subsection 5(b) regarding Ten Percent Stockholders, the exercise
price  of each Incentive Stock Option shall be not less than one hundred percent
(100%)  of  the Fair Market Value of the stock subject to the Option on the date
the Option is granted.  Notwithstanding the foregoing, an Incentive Stock Option
may be granted with an exercise price lower than that set forth in the preceding
sentence if such Option is granted pursuant to an assumption or substitution for
another  option  in  a manner satisfying the provisions of Section 424(a) of the
Code.

     (c)     EXERCISE  PRICE OF A NONSTATUTORY STOCK OPTION.  The exercise price
of  each  Nonstatutory  Stock  Option  shall  be  such amount as the Board shall
determine  and  designate in the Option Agreement; provided, however, that in no
case  shall  exercise  price be less than minimum price required by law, if any.

                                       5.
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     (d)     CONSIDERATION.  The purchase price of stock acquired pursuant to an
Option  shall  be  paid,  to  the  extent  permitted  by applicable statutes and
regulations,  either  (i) in cash at the time the Option is exercised or (ii) at
the  discretion  of  the  Board  at  the  time  of  the  grant of the Option (or
subsequently  in the case of a Nonstatutory Stock Option) by (A) delivery to the
Company  of  other  Common  Stock,  (B) according to a deferred payment or other
arrangement  (which  may  include,  without  limiting  the  generality  of  the
foregoing,  the  use  of  other Common Stock) with the Participant or (C) in any
other  form  of  legal  consideration  that  may  be  acceptable  to  the Board.

     In  the  case  of  any  deferred  payment  arrangement,  interest  shall be
compounded  at  least  annually  and  shall  be  charged  at the minimum rate of
interest  necessary  to  avoid  the  treatment as interest, under any applicable
provisions  of the Code, of any amounts other than amounts stated to be interest
under  the  deferred  payment  arrangement.

     (e)     TRANSFERABILITY  OF  AN  INCENTIVE STOCK OPTION.  An Incentive
Stock  Option shall not be transferable except by will or by the laws of descent
and  distribution  and  shall  be  exercisable  during  the  lifetime  of  the
Optionholder only by the Optionholder.  Notwithstanding the foregoing provisions
of  this  subsection 6(e), the Optionholder may, by delivering written notice to
the Company, in a form satisfactory to the Company, designate a third party who,
in  the  event of the death of the Optionholder, shall thereafter be entitled to
exercise  the  Option.

     (f)     TRANSFERABILITY  OF  A  NONSTATUTORY  STOCK OPTION.  A Nonstatutory
Stock  Option  shall  be  transferable  to  the  extent  provided  in the Option
Agreement.  If  the  Nonstatutory  Stock  Option  does  not  provide  for
transferability,  then  the  Nonstatutory Stock Option shall not be transferable
except  by  will  or  by  the  laws  of  descent  and  distribution and shall be
exercisable  during  the  lifetime of the Optionholder only by the Optionholder.
Notwithstanding  the  foregoing  provisions  of  this  subsection  6(f),  the
Optionholder  may,  by  delivering  written  notice  to  the  Company, in a form
satisfactory  to  the  Company, designate a third party who, in the event of the
death  of the Optionholder, shall thereafter be entitled to exercise the Option.

     (g)     VESTING  GENERALLY.  The  total  number  of  shares of Common Stock
subject to an Option may, but need not, vest and therefore become exercisable in
periodic  installments  which  may,  but  need not, be equal.  The Option may be
subject  to  such other terms and conditions on the time or times when it may be
exercised (which may be based on performance or other criteria) as the Board may
deem  appropriate.  The  vesting provisions of individual Options may vary.  The
provisions  of  this  subsection  6(g)  are  subject  to  any  Option provisions
governing  the  minimum number of shares as to which an Option may be exercised.

     (h)     TERMINATION  OF CONTINUOUS SERVICE.  In the event an Optionholder's
Continuous  Service  terminates  (other  than  upon  the Optionholder's death or
Disability), the Optionholder may exercise his or her Option (to the extent that
the  Optionholder was entitled to exercise it as of the date of termination) but
only  within such period of time ending on the earlier of (i) the date three (3)
months  following  the  termination of the Optionholder's Continuous Service (or
such  longer  or  shorter period specified in the Option Agreement), or (ii) the
expiration  of the term of the Option as set forth in the Option Agreement.  If,
after  termination,  the Optionholder does not exercise his or her Option within
the  time  specified  in  the  Option  Agreement,  the  Option  shall terminate.

     (i)     DISABILITY OF OPTIONHOLDER.  In the event an Optionholder's
Continuous  Service terminates as a result of the Optionholder's Disability, the
Optionholder may exercise his or her Option (to the extent that the Optionholder
was entitled to exercise it as of the date of termination), but only within such
period  of  time  ending  on  the  earlier  of  (i)  the date twelve (12) months
following  such  termination  (or such longer or shorter period specified in the
Option  Agreement) or (ii) the expiration of the term of the Option as set forth

                                       6.
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in  the  Option  Agreement.  If,  after  termination,  the Optionholder does not
exercise  his  or  her Option within the time specified herein, the Option shall
terminate.

     (j)     DEATH  OF  OPTIONHOLDER.  In  the  event  (i)  an  Optionholder's
Continuous  Service  terminates  as a result of the Optionholder's death or (ii)
the  Optionholder  dies  within  the  period  (if  any)  specified in the Option
Agreement  after  the termination of the Optionholder's Continuous Service for a
reason  other  than  death,  then the Option may be exercised (to the extent the
Optionholder was entitled to exercise the Option as of the date of death) by the
Optionholder's estate, by a person who acquired the right to exercise the Option
by  bequest or inheritance or by a person designated to exercise the Option upon
the  Optionholder's  death  pursuant to subsection 6(e) or 6(f), but only within
the  period ending on the earlier of (A) the date eighteen (18) months following
the  date  of  death  (or  such longer or shorter period specified in the Option
Agreement)  or (B) the expiration of the term of such Option as set forth in the
Option  Agreement.  If, after death, the Option is not exercised within the time
specified  herein,  the  Option  shall  terminate.

     (k)     EARLY  EXERCISE.  The Option may, but need not, include a provision
whereby  the  Optionholder  may  elect  at  any  time  before the Optionholder's
Continuous  Service  terminates  to exercise the Option as to any part or all of
the  shares  subject to the Option prior to the full vesting of the Option.  Any
unvested  shares  so  purchased  may  be subject to an unvested share repurchase
option  in favor of the Company or to any other restriction the Board determines
to  be  appropriate.

7.   PROVISIONS  OF  STOCK  AWARDS  OTHER  THAN  OPTIONS

     (a)     STOCK  BONUS  AWARDS.  Each  stock bonus agreement shall be in such
form  and  shall  contain  such  terms  and  conditions  as the Board shall deem
appropriate.  The terms and conditions of stock bonus agreements may change from
time  to  time,  and the terms and conditions of separate stock bonus agreements
need  not  be  identical,  but each stock bonus agreement shall include (through
incorporation  of  provisions hereof by reference in the agreement or otherwise)
the  substance  of  each  of  the  following  provisions:

          (i)     CONSIDERATION.  A  stock  bonus  shall  be  awarded  in
consideration  for  past  services  actually  rendered  to  the  Company for its
benefit.

          (ii)     VESTING.  Shares  of  Common  Stock  awarded  under the stock
bonus  agreement  may,  but need not, be subject to a share repurchase option in
favor  of  the Company in accordance with a vesting schedule to be determined by
the  Board.

          (iii)     TERMINATION  OF  PARTICIPANT'S  CONTINUOUS  SERVICE.  In the
event  a  Participant's Continuous Service terminates, the Company may reacquire
any  or all of the shares of Common Stock held by the Participant which have not
vested  as  of  the  date  of  termination  under  the  terms of the stock bonus
agreement.

          (iv)     TRANSFERABILITY.  Rights  to  acquire  shares under the stock
bonus  agreement  shall  be transferable by the Participant only upon such terms
and conditions as are set forth in the stock bonus agreement, as the Board shall
determine  in  its  discretion,  so  long as stock awarded under the stock bonus
agreement  remains  subject  to  the  terms  of  the  stock  bonus  agreement.

     (b)     RESTRICTED STOCK  AWARDS.  Each restricted stock purchase agreement
shall  be  in such form and shall contain such terms and conditions as the Board
shall  deem  appropriate.  The  terms  and  conditions  of  the restricted stock
purchase  agreements  may change from time to time, and the terms and conditions

                                       7.
<PAGE>
of separate restricted stock purchase agreements need not be identical, but each
restricted  stock  purchase  agreement  shall  include (through incorporation of
provisions  hereof  by reference in the agreement or otherwise) the substance of
each  of  the  following  provisions:

          (i)     PURCHASE PRICE. The purchase price under each restricted stock
purchase  agreement  shall  be  such  amount  as  the  Board shall determine and
designate  in  such restricted stock purchase agreement; provided, however, that
in  no  case  shall  restricted stock awards be issued for less than the minimum
consideration  required  by  law,  if  any.

          (ii)     CONSIDERATION.  The purchase price of stock acquired pursuant
to  the restricted stock purchase agreement shall be paid either: (A) in cash at
the  time  of  purchase;  (B)  at  the  discretion  of the Board, according to a
deferred  payment or other arrangement with the Participant; or (C) in any other
form  of  legal  consideration  that  may  be  acceptable  to  the  Board in its
discretion.

          (iii)     VESTING.  Shares  of  Common  Stock  acquired  under  the
restricted  stock  purchase  agreement  may, but need not, be subject to a share
repurchase  option in favor of the Company in accordance with a vesting schedule
to  be  determined  by  the  Board.

          (iv)     TERMINATION  OF  PARTICIPANT'S  CONTINUOUS  SERVICE.  In  the
event  a Participant's Continuous Service terminates, the Company may repurchase
or  otherwise  reacquire  any  or  all of the shares of Common Stock held by the
Participant  which have not vested as of the date of termination under the terms
of  the  restricted  stock  purchase  agreement.

          (v)     TRANSFERABILITY.  Rights  to  acquire  shares  under  the
restricted  stock  purchase  agreement  shall be transferable by the Participant
only  upon  such  terms  and conditions as are set forth in the restricted stock
purchase  agreement,  as the Board shall determine in its discretion, so long as
stock  awarded  under the restricted stock purchase agreement remains subject to
the  terms  of  the  restricted  stock  purchase  agreement.

8.   MISCELLANEOUS

     (a)     ACCELERATION  OF  EXERCISABILITY AND VESTING.  The Board shall have
the  power  to accelerate the time at which a Stock Award may first be exercised
or  the  time  during  which  a  Stock  Award  or  any part thereof will vest in
accordance  with  the  Plan,  notwithstanding  the provisions in the Stock Award
stating  the time at which it may first be exercised or the time during which it
will  vest.

     (b)     STOCKHOLDER  RIGHTS.  No  Participant  shall  be  deemed  to be the
holder  of, or to have any of the rights of a holder with respect to, any shares
subject  to such Stock Award unless and until such Participant has satisfied all
requirements  for  exercise  of  the  Stock  Award  pursuant  to  its  terms.

     (c)     NO  EMPLOYMENT OR OTHER SERVICE RIGHTS.  Nothing in the Plan or any
instrument  executed  or  Stock Award granted pursuant thereto shall confer upon
any  Participant  or other holder of Stock Awards any right to continue to serve
the  Company  or  an  Affiliate  in the capacity in effect at the time the Stock
Award  was  granted  or shall affect the right of the Company or an Affiliate to
terminate  (i)  the employment of an Employee with or without notice and with or
without  cause,  (ii)  the service of a Consultant pursuant to the terms of such
Consultant's agreement with the Company or an Affiliate, or (iii) the service of
a  Director  pursuant  to  the  Bylaws  of  the Company or an Affiliate, and any
applicable  provisions of the corporate law of the state in which the Company or
the  Affiliate  is  incorporated,  as  the  case  may  be.

     (d)     INCENTIVE STOCK OPTION $100,000 LIMITATION.  To the extent that the
aggregate  Fair  Market  Value  (determined  at the time of grant) of stock with
respect  to  which Incentive Stock Options are exercisable for the first time by

                                       8.
<PAGE>
any  Optionholder  during  any calendar year (under all plans of the Company and
its  Affiliates) exceeds one hundred thousand dollars ($100,000), the Options or
portions  thereof  which exceed such limit (according to the order in which they
were  granted)  shall  be  treated  as  Nonstatutory  Stock  Options.

     (e)     WITHHOLDING  OBLIGATIONS.  To the extent provided by the terms of a
Stock  Award  Agreement, the Participant may satisfy any federal, state or local
tax  withholding  obligation  relating  to  the exercise or acquisition of stock
under  a Stock Award by any of the following means (in addition to the Company's
right  to withhold from any compensation paid to the Participant by the Company)
or  by  a  combination  of  such  means:  (i)  tendering  a  cash  payment; (ii)
authorizing  the  Company to withhold shares from the shares of the Common Stock
otherwise issuable to the participant as a result of the exercise or acquisition
of  stock  under  the  Stock Award; of (iii) delivering to the Company owned and
unencumbered  shares  of  the  Common  Stock.

     (f)     GOVERNING  LAW.  This  Plan and  all actions taken thereunder shall
be governed by and construed in accordance with the laws of the State of Nevada,
without  reference  to  principles  of  conflict  of  laws.

     (g)     UNFUNDED  PLAN.  The  Plan  shall be unfunded and the Company shall
not  be  required to segregate any assets that may at any time be represented by
Stock  Awards  under  the Plan.  Any liability of the Company to any person with
respect to any Stock Award under the Plan shall be based solely upon any written
contractual  obligations  that  may  be  effected pursuant to the Plan.  No such
obligation  of the Company shall be deemed to secured by any pledge of, or other
encumbrance  on,  any  property  of  the  Company.

     (h)     SECURITIES  LAW  RESTRICTIONS.  No  shares of Common Stock shall be
issued  under  the  Plan  unless counsel for the Company shall be satisfied that
such issuance will be in compliance with applicable federal and state securities
laws.  Certificates  for  shares of Common Stock delivered under the Plan may be
subject  to  such  stock-transfer orders and other restrictions as the Board may
deem  advisable  under  the  rules,  regulations,  and other requirements of the
Securities  and  Exchange  Commission,  any stock exchange upon which the Common
Stock  is  then listed, and any applicable federal or state securities law.  The
Board  may  cause a legend or legends to be put on any such certificates to make
appropriate  reference  to  such  restrictions.

9.   ADJUSTMENTS  UPON  CHANGES  IN  STOCK

     (a)     CAPITALIZATION  ADJUSTMENTS.  If  any  change is  made in the stock
subject  to  the  Plan,  or  subject  to any Stock Award, without the receipt of
consideration  by  the  Company  (through merger, consolidation, reorganization,
recapitalization,  reincorporation,  stock  dividend, dividend in property other
than cash, stock split, liquidating dividend, combination of shares, exchange of
shares,  change  in  corporate  structure or other transaction not involving the
receipt  of  consideration  by  the  Company),  the  Plan  will be appropriately
adjusted  in  the class(es) and maximum number of securities subject to the Plan
pursuant  to  subsection  4(a)  and  the maximum number of securities subject to
award  to  any  person  pursuant  to  subsection 5(c), and the outstanding Stock
Awards  will be appropriately adjusted in the class(es) and number of securities
and  price  per  share  of  stock  subject to such outstanding Stock Awards. The
Board,  the determination of which shall be final, binding and conclusive, shall
make  such  adjustments.  (The  conversion  of any convertible securities of the
Company shall not be treated as a transaction "without receipt of consideration"
by  the  Company.)

                                       9.
<PAGE>
     (b)     CHANGE  IN  CONTROL-DISSOLUTION OR LIQUIDATION.  In, the event of a
dissolution  or  liquidation  of  the  Company,  then such Stock Awards shall be
terminated  if  not  exercised  (if  applicable)  prior  to  such  event.

     (c)     CHANGE  IN  CONTROL-ASSET  SALE,  MERGER,  CONSOLIDATION OR REVERSE
MERGER.  In  the  event  of (i) a sale of substantially all of the assets of the
Company,  (ii)  a  merger  or  consolidation  in  which  the  Company is not the
surviving  corporation  or  (iii)  a  reverse merger in which the Company is the
surviving  corporation  but  the  shares of Common Stock outstanding immediately
preceding  the merger are converted by virtue of the merger into other property,
whether  in  the  form  of  securities,  cash  or  otherwise, then any surviving
corporation  or  acquiring corporation shall assume any Stock Awards outstanding
under  the  Plan or shall substitute similar stock awards (including an award to
acquire  the  same  consideration  paid  to  the stockholders in the transaction
described in this subsection 9(c) for those outstanding under the Plan).  In the
event  any surviving corporation or acquiring corporation refuses to assume such
Stock  Awards  or to substitute similar stock awards for those outstanding under
the  Plan,  then  with  respect  to  Stock  Awards  held  by  Participants whose
Continuous Service has not terminated, the vesting of such Stock Awards (and, if
applicable,  the  time during which such Stock Awards may be exercised) shall be
accelerated  in  full, and the Stock Awards shall terminate if not exercised (if
applicable)  at  or prior to such event.  With respect to any other Stock Awards
outstanding  under  the Plan, such Stock Awards shall terminate if not exercised
(if  applicable)  prior  to  such  event.

     (d)     CHANGE  IN  CONTROL-SECURITIES  ACQUISITION.  In  the  event of an
acquisition  by  any person, entity or group within the meaning of Section 13(d)
or  14(d) of the Exchange Act, or any comparable successor provisions (excluding
any  employee  benefit  plan,  or  related trust, sponsored or maintained by the
Company or an Affiliate) of the beneficial ownership (within the meaning of Rule
13d-3  promulgated  under  the  Exchange  Act,  or comparable successor rule) of
securities  of  the  Company  representing  at  least fifty percent (50%) of the
combined  voting  power entitled to vote in the election of Directors, then with
respect  to  Stock  Awards held by Participants whose Continuous Service has not
terminated,  the  vesting  of  such  Options  shall  be  accelerated  in  full.

10.  AMENDMENT  OF  THE  PLAN  AND  STOCK  AWARDS

     (a)     AMENDMENT  OF  THE  PLAN.  The  Board at any time, and from time to
time,  may amend the Plan.  However, except as provided in Section 9 relating to
adjustments  upon  changes  in  stock,  no  amendment  shall be effective unless
approved  by  the stockholders of the Company to the extent stockholder approval
is  necessary to satisfy the requirements of Section 422 of the Code, Rule 16b-3
or  any  Nasdaq  or  securities  exchange  listing  requirements.

     (b)     AMENDMENT OF STOCK AWARDS.  The Board may amend any Stock Award at
any  time;  provided,  however,  that no such amendment may adversely affect the
rights  of  any  Participant with respect to any outstanding Stock Award without
the  Participant's  consent.

11.  EFFECTIVE DATE OF PLAN

     This  Plan  shall be effective as of March 15, 2001, subject to Stockholder
approval.  This Plan may be terminated by the Board at any time.  Unless earlier
terminated  by  the Board, this Plan shall terminate as of the close of business
on  the  day  prior to the tenth anniversary of the effective date of this Plan.
The  foregoing  notwithstanding,  no  termination  of  this Plan shall adversely
affect  the  rights  of  any  Participants  with  respect  to  any  Stock  Award
outstanding  as  of  the  time  of  such  termination.

                                     10.
<PAGE>EXHIBIT 10.25

                        CARD SUBSTRATE SUPPLY AGREEMENT

     THIS  CARD  SUBSTRATE  SUPPLY  AGREEMENT  (the  "Agreement") is made and is
effective  this  18th of October, 2000, by and between UltraCard, Inc., a Nevada
corporation,  having  a  place  of business at 16795 Lark Avenue, Suite 102, Los
Gatos,  California  95008  ("UltraCard")  and  Komag,  Incorporated,  a Delaware
corporation,  having  a  place of business at 1710 Automation Parkway, San Jose,
California  95131  (hereinafter  referred  to  as  "KOMAG").

                                    Recitals,
                                    ---------

     (A)  UltraCard  desires  to  enter  into  a Card Substrate Supply Agreement
wherein  KOMAG  would  fabricate,  manufacture  and  supply  card  substrates in
compliance  with cud substrate specifications set forth in Exhibit A hereof (the
"Card  Substrate"),  and  wherein  the  Card Substrate is adapted to receive and
support  a  magnetic  media  including  for use as a credit card-like data card,

     (B)  KOMAG  is  experienced  in  fabricating,  manufacturing  and supplying
magnetic  disks  having  rigid  substrates  and  KOMAG  has  the  capability  of
fabricating,  manufacturing  and  supplying  Card  Substrates in accordance with
UltraCard's  Card  Substrate  Specifications,  as  hereinafter  defined,  (the
"Contract  Manufacturing  Services").

     (C)  Upon  acceptance by UltraCard of a manufactured Card Substrate meeting
the  applicable  Card  Substrate  Specifications,  UltraCard is to agree to have
KOMAG  supply,  on a non-exclusive basis, a portion of UltraCard's manufacturing
requirements  therefbr in quantities to be determined solely by UltraCard and on
mutually  agreeable  delivery  schedules.

     (D)  UltraCard  and  KOMAG  desire  to  enter  into a Card Substrate Supply
Agreement setting forth the terms and conditions under which KOMAG is to provide
such  Contract  Manufacturing  Services  to  UltraCard  for  Card  Substrates.

<PAGE>
                                   Agreement:
                                   ----------

     In  consideration  of the mutual premises set forth below between UltraCard
and  KOMAG,  the  parties  agree  as  follows:

     (1)  CARD  SUBSTRATE  SPECIFICATIONS

     (A)  A  schedule  labeled  "ULTRACARD'S  CARD  SUBSTRATE SPECIFICATIONS" is
Identified  as  Exhibit  A  and  is  attached  hereto  (the  "Card  Substrate
Specifications").  The  Card  Substrate Specifications, including any amendments
made  thereto  made in accordance with the provisions of this Paragraph 1, shall
be  the  applicable  Card Substrate Specification for purposes of the Agreement.

     (B)  KOMAG  agrees  to  assist UltraCard in making suggestions, identifying
and/or  consulting  with  UltraCard  as  to  any  proposed  revisions,  changes,
modifications,  additions  or  the  like  to  the  Card Substrate Specifications
(collectively  referred  to  as  the  "Specification  Revisions").

     (C)  KOMAG  understands  and  agrees that UltraCard shall have the sole and
final  discretion  as  to  which,  if  any,  Specification  Revisions  are to be
incorporated into the Card Subwate Specifications. If UltraCard detern-dnes that
any  proposed  Specification  Revisions  are  required  to  the  Card  Substrate
Specification,  the  following  revision  process  is agreed to by UltraCard and
KOMAG:

     (i)     UltraCard  shall  first  advise  KOMAG, in writing, of any proposed
Specification  Revision;

     (ii)  KOMAG  shall,  within the period of ten (10) days from receipt of the
proposed  Specification  Revisions from UltraCard, advise UltraCard, in writing,
if  KOMAG  has  any  objection(s)  to  the  proposed  Specification  Revisions;

<PAGE>
     (iii)     If  KOMAG has no objection(s) or fails to respond to the proposed
Specification  Revisions within the ten (10) day period, then the Card Substrate
Specification  shall  be  deemed  amended,  for  purposes  of this Agreement, to
include  the  proposed  Specification  Revisions.

     (iv)     If  KOMAG  has  any  objection(s)  to  the  proposed Specification
Revisions  and  provides  written notice of objection(s) to UltraCard within the
ten  (10)  day  period,  the  parties  shall meet within the ten (10) day period
commencing  the date UltraCard receives the written objection(s) from KOMAG. The
parties  shall,  in  good  faith,  attempt to resolve the objection(s). If KOMAG
requires  payment  of  any fees, costs or expenses from UltraCard, including any
change  to  manufacturing costs as a part of KOMAG's written objection(s), KOMAG
shall  supply  such  information  in reasonable detail to UltraCard prior to the
above  referenced  meeting.  If  the  parties  agree  in  writing  on  proposed
Specification  Revisions, then the Card Substrate Specifications shall be deemed
amended  to  include  the  same.

     (v)     If  KOMAG  provides  a  written  objection(s)  in  accordance  with
Paragraph  (1)(C)(iv)  above  and  the  parties fail to agree or cannot mutually
agree  on  the  terms  and  conditions  for resolving the proposed Specification
Revisions  within  the  twenty  (20)  day  period  commencing the date UltraCard
received  KOMAG's  written objection(s),  then the Card Substrate Specifications
then  in effect shall, unless further amended or revised in accordance with this
Paragraph  (1)(C),  be the applicable Card Substrate Specifications for purposes
of this Agreement and shall apply only to any open firm purchase  orders  issued
                                  ----
by UltraCard in  accordance  with  the  provisions  of  Paragraph  (4)  hereof.
Notwithstanding the provisions of this Paragraph (1)(C)(v). UltraCard shall have
the  right  to exercise its rights to termination of this Agreement as set forth
in  Paragraph  9(A)  and  9(B)  hereof.

<PAGE>
     (2)  DELIVERY  OF  PROTOTYPE  MANUFACTURED  CARD  SUBSTRATE

     (A)  As  part  of this Agreement and subject to the provisions of Paragraph
(5)  hereof,  KOMAG  and  UltraCard  agree  as  follows,

     i)     KOMAG  shall perform non-recurring engineering (NRE) projects as set
forth in Paragraph 5 hereof to enable KOMAG to deliver prototype Card Substrates
to  UltraCard.  UltraCard " specify two (2) form factors for the Card Substrates
prior  to  commencement of the NRE projects. The NRE projects are expected to be
completed  within  approximately  ninety  (90)  days  from the date hereof KOMAG
shall,  during  performance  of  the  NRE  activities, provide to UltraCard such
prototype Card Substrates as it is reasonably able to provide. Thereafter, KOMAG
shall  fabricate and deliver to UltraCard. within a targeted date of thirty (30)
days,  but  in  no  event  later  than  45  days, from the completion of tte NRE
projects, a minimum of five hundred (500) prototype manufactured Card Substrates
each  in  the two (2) form factors designated by UltraCard prior to commencement
of  the  NRE  projects  and meeting the applicable Card Substrate Specifications
(the  "Prototype  Manufactured  Card  Substrate");

     ii)     UltraCard shall within fourteen (14) days from receipt of the
Prototype  Manufactured  Card Substrate advise KOMAG in writing if the Prototype
Manufactured  Card  Substrates are or are not acceptable, and if not acceptable,
the  reasons  therefor.  UltraCard  shall  provide  to  KOMAG, if appropriate, a
proposed  Specification Revisions as required to make the Prototype Manufactured
Card  Substrate  acceptable  to  UltraCard.

     (iii)     In  the  event  that  UltraCard  determines  that one (1) or more
Prototype  Manufactured  Card Substrates should be refabricated and delivered to
UltraCard  for  inspection  and  review including compliance with the applicable
Card  Substrate  Specifications  (the  "Additional  Prototype  Manufactured Card
Substrates"),  and  UltraCard  provides  written  notice  thereof  to KOMAG, the
procedure set forth in Paragraphs 2(A)(i) and Z(A)(ii) shall be followed fbr the
Additional  Prototype  Manufactured  Card  Substrates.

<PAGE>
     (3)  DELIVERY OF FIRST ARTICLE OF MANUFACTURED CARD SUBSTRATES

     (A)     As  part  of  this  Agreement  and  subject  to  the  provisions of
Paragraph  (5)  hereof,  KOMAG  and  UltraCard  agree  as  follows:

     (i)     KOMAG  shall  fabricate and deliver to UltraCard, within a targeted
date  of  thirty (30) days, but in no event later than 45 days, from the date of
acceptance  of  the  Prototype  Manufactured  Card  Substrate,  a minimum of one
thousand  (1,000)  first article of manufactured Card Substrates each in the two
(2)  form  factors  designated  by  UltraCard  prior  to commencement of the NRE
projects  and  meeting  the applicable Card Substrate Specifications (the "First
Article  of  Manufactured  Card  Substrates");

     ii)     UltraCard  shall,  within  fourteen  (14)  days from receipt of the
First  Article  of  Manufactured  Card  Substrate advise KOMAG in writing if the
First  Article  of Manufactured Card Substrate are or not acceptable, and if not
acceptable,  the  reasons  therefor.  UltraCard  shall  provide  to  KOMAG,  if
appropriate,  a  proposed  Specification Revisions as required to make the First
Article  of  Manufactured  Card  Substrate acceptable to UltraCard.  The parties
shall mutually agree, in writing on: (x) the final First Article of Manufactured
Card  Substrate  which  is  acceptable for manufacturing production; and (y) the
applicable  Card  Substrate  Specification which is to be used for manufacturing
production of Card Substrates before proceeding with manufacturing production of
Card  Substrates  as  set  forth  in  Paragraph  (4)  below.

<PAGE>
     (iii)     In the event that UltraCard determines that one (1) or more First
Article  of  Manufactured Card Substrates shall be refabricated and delivered to
UltraCard  for  inspection  and  review including compliance with the applicable
Card  Substrate  Specifications  (the  "Additional First Article of Manufactured
Card  Substrates")  and  UltraCard provides written notice thereof to KOMAG, the
procedure  set forth in Paragraphs 3 (A)(i) and 3 (A)(iii) shall be followed for
the  Additional  First  Article  of  Manufactured  Card  Substrates.

                   (4) CARD SUBSTRATE MANUFACTURING AND SUPPLY

     (A)     Subject to the conditions  set  forth below,  KOMAG  shall have the
non-exclusive  right to manufacture and deliver a part of UltraCard requirements
of Card Substrates in such quantities and on delivery schedules to be determined
solely  by  UltraCard  and  consented  to  by  KOMAG, which consent shall not be
unreasonably  withheld,  as  set  forth  in  Paragraph  4  (B)(ii)  below.

     (B)     The  first  delivery of manufactured Card Substrates by KOMAG shall
commence  forty  five (45) days after the parties mutually agree in writing that
the  First  Article  of  Manufacture  of  Card  Substrate  and  Card  Substrate
Specifications  are  acceptable  and  such  delivery  of  the  manufactured Card
Substrates  shall  be  in  accordance with the terms of Paragraphs 4 (B)(iii), 4
(B)(iv)  and  4  (B)(v)  below;

     (i)     UltraCard  shall  provide  KOMAG a written, non-binding forecast of
UltraCard's  Card  Substrate  requirements  to be supplied by KOMAG for the next
(twelve)  12  months  of  this  Agreement.

     (ii)     Beginning  one  (1)  month  prior  to  scheduled  manufacturing
production of one or more Card Substrates in one or more form factors, UltraCard
shall  provide  KOMAG  with  a

<PAGE>
twelve  (12)  month  non-binding  forecast  for  the following twelve (12) month
period,  UltraCard's  anticipated  requirements  can  be  found  in  Exhibit  B,

     (iii)     On  the  first  day  of  the  month  prior  to  commencement  of
manufacturing  production,  UltraCard  will provide KOMAG with a non-cancelable,
firmpurchase  order  for  Card  Substrates  with  the weekly scheduled shipments
covering  the  next  three  (3)  mouth  period and a non-bindingforecast for the
remaining  nine (9) months.  Thereafter, UltraCard shall provide non-cancelable,
firm  purchase  orders  and forecasts as set forth in Paragraph 4(B)(iv), below.
All  purchase  orders  shall be subject to KOMAG's acceptance thereof in KOMAG's
discretion,

     (iv)     Provided  KOMAG is meeting the Card Substrate Specifications, that
the  manufactured Card Substrates conform to the samples of the First Article of
Manufactured  Card Substrates accepted by UltraCard, costs, quality, quantities,
and  delivery  schedules  for  the  Card  Substrate  and  upon  commencement  of
manufacturing production, UltraCard shall provide KOMAG on the first day of each
month  a  non-cancelable  firm  purchase  order  for Card Substrates with weekly
scheduled  shipment  in  order  to  provide  a  rolling three (3) months of firm
purchase  orders  and  a non-binding forecast for the remaining nine (9) months.

     (v)          The  applicable Card Substrates prices for aft purchase orders
for  Card  Substrate  shall  be  in  accordance  with  the  pricing set forth in
Paragraph  5(B)(i)  below.

    (5)  NON-RECURRING ENGINEERING AND CARD SUBSTRATES PRICING

     (A)  KOMAG  and  UltraCard  agree  as follows with respect to Non-Recurring
Engineering  charges:

<PAGE>
     (i)  The  Contract  Manufacturing  Services  to be rendered by KOMAG as set
forth  herein  shall  include  the  Fabrication,  Testing,  Quality  Control and
Delivery of the Card Substrates as required by Paragraphs 2 and 3 hereof and any
other engineering, contracting and related services provided by KOMAG under this
Agreement  and  all  such  services  are  to be deemed Non-Recurring Engineering
("NRE')  charges  and  are  to  be  accounted  using KOMAG's normal fees, costs,
manufacturing overhead burden and related costs plus thirty percent (30%). KOMAG
agrees  to  provide  such  NRE  charges  up  to  a  maximum,  of  $600,000.

     (ii) UltraCard is to advance KOMAG a check for $600,000.00 for NRE expenses
on  October  18,  2000  and, as a condition precedent to this Agreement becoming
effective,  the check must clear. Further, the advancement of the $600,000.00 is
subject  to  the  following  conditions:

          (a)     KOMAG shall place the advanced $600,000.00  into  a  separate,
interest  bearing  account  which  funds  are  to  be used for NRE charges only.

          (b)     KOMAG shall, within 7 days of  the execution hereof, prepare a
budget  of  the  anticipated  NRE  charges  for  the  first  one month period of
development.   KOMAG  shall  thereafter  prepare  and  submit to UltraCard, each
month,  a  budget  for the subsequent month within 7 days of the last day of the
previous  budget,  UltraCard  shall,  within  3 days of receipt of a budget from
KOMAG, either i) approve the same by signing the budget and returning the budget
to KOMAG, or ii) notify KOMAG of any disagreement with the budget.  In the event
UltraCard  disagrees  with  the budget, it shall so notify KOMAG and provide its
reasons  therefor.  Upon  notification  by UltraCard to KOMAG,  KOMAG will cease
incurring  NRE  charges.  The  parties  shall  meet  and  mutually  resolve such
disagreement  within  3  days  of

<PAGE>
UltraCard's  notification  of the saint and if the parties cannot so resolve the
disagreement  within  ten  (10)  business  days,  either party may terminate the
Agreement  pursuant  to Section 9(A) or 9(B). Upon termination of the Agreement,
KOMAG  will,  within  3  days,  return to UltraCard the remaining balance of the
$600,000  advanced  to  KOMAG.

        (c)     KOMAG shall submit to UltraCard  invoices for goods provided or
services  performed.

        (d)     UltraCard shall, , 45 days from the beginning of the NRE period,
advance  KOMAG  $500,000 to secure payment for the first 100,000 Card Substrates
to  be  provided under Paragraph 5(B).  In the event the Agreement Is terminated
pursuant  to Section 9(A) for breach by KOMAG or Section 9(B), KOMAG will return
to  UltraCard  the  balance  of  the  $500,000.00  advance  not  applied to Card
Substrates  shipped  by  KOMAG  and  received  by  UltraCard.

     (iii)     KOMAG  shall provide to UltraCard NRE Charge Accounting Report of
the  NRE charges on a thirty (30) day basis and the 30 Day NRE Charge Accounting
Report  shall be delivered to UltraCard within ten (10) days from the end of the
applicable  thirty  (90)  days.

     (iv)     Within  thirty  (30)  days  of  the  receipt  of 30 Day NRE Charge
Accounting  Report  and  upon UltraCard review of the same, If UltraCard has any
objections  thereto  UltraCard  will  notify  KOMAG of UltraCard's objections in
writing.  Upon  notification  by UltraCard to KOMAG,  KOMAG will cease incurring
NRE  charges.   The  parties  shall  meet and mutually resolve such disagreement
within three (3) days of UltraCard's notification of the same and if the parties
cannot  so  resolve the disagreement within ten (10) business days, either party
may  terminate  the  Agreement  pursuant  to  Section  9(A)  or  9(B).

<PAGE>
     (v)     In  the event that KOMAG forecasts that the NRE charges will exceed
$600,000,  KOMAG  shall  promptly provide written  notice  thereof  to UltraCard
                         --------
together  with an estimate of the remaining forecasted NRE charges together with
sufficient  detail  to enable UltraCard to reasonably analyze and understand the
same.  KOMAG  and UltraCard shall then meet as promptly as possible and, in good
faith,  negotiate,  if appropriate, a new maximum amount for the NRE charges and
the  method  by  what  UltraCard is to pay for the same, e,g., letter of credit,
amortization  per  Card  Substrate  basis  or  otherwise.

     (vi)     The major items of NRE projects currently expected to be necessary
under  this  Agreement  are  set forth in Exhibit C attached hereto, The parties
recognize  that they may mutually determine that it is necessary or desirable to
have one or more vendors mutually selected by the parties to produce one or more
of  a  texture  machine, a cleaning machine, and cassettes, and that such vendor
may  charge  NRE  charges to develop the same. The NRE charges set forth in this
Paragraph  5  do  not  include  the  foregoing  vendor NRE charges for a texture
machine,  a  cleaning  machine, or cassettes, nor any NRE charges that KOMAG may
incur  in  the event it is necessary for KOMAG to participate in the development
of  the  texture  machine,  a  cleaning  machine  or  cassettes ("Additional NRE
charges").   In  the  event  during  the  course  of  this Agreement the parties
mutually agree to have one or more mutually selected vendors produce one or more
of  a  texture  machine  or  cassettes,  UltraCard  shall pay the Additional NRE
charges  in  accordance with the principals of Paragraph 5(A)(1)-5(A)(v), should
the  existing  NRE  charges  exceed  $600,000.

     (B)     KOMAG  and  UltraCard  agree  on  the  following  with  respect  to
manufacturing  cost  for  Card  Substrates;

     (i)  The  target  price  per Card Substrate, cost plus thirty (30) percent,
shall  be  as  follows:

<PAGE>
              CARD SUBSTRATE PRICING PER CARD SUBSTRATE WITHOUT NRE
              -----------------------------------------------------
      AS A FUNCTION OF AGGREGATE NUMBER OF CARD SUBSTRATES ACTUALLY SH[PPED
      ---------------------------------------------------------------------

-----------------------  -----------  ---------------  ------------
Form  of  Completion     1 - 100k     100k - 500k*     Over 500k **
Card  Substate
-----------------------  -----------  ---------------  ------------
Polished  Substrate      $   5.00     $       1.00              TBN
-----------------------  -----------  ---------------  ------------

* After the purchase of 100, 000 card substrates, the target price for purchases
of  greater  than  1,000,000  card substrates in any calendar quarter will be as
shown.
**  Price  to  be  negotiated.
------------------------------

     The  pricing  set  forth  above  has  been determined based upon the mutual
understanding  that  raw material that has been fine blanked or photo milled and
heat  treated meeting the Card Substrate Specifications (i.e, ready for Flat Lap
or  Grind  step  (a) of Paragraph 5(B)(ii), below) can be obtained at a price to
KOMAG  of  $0.20  per  piece;  or  that  the  cost  for KOMAG to procure the raw
material,  perform  fine  blanking  or  photo  milling  and  heat treating, plus
manufacturing  overhead burden and related costs plus thirty percent (30%) shall
be  no  more  than  $0.20  per  piece  in  volume  production,

     (ii)     In  the  event that the cost of the raw material, fine blanking or
photo  milling,  and  heat  treating  cannot  be procured for $0.20 per piece or
supplied by KOMAG at $0.20 per piece, the parties agree to adjust the pricing in
Paragraph  5(B)(i)  accordingly  to  reflect  the deviation in price from $0.20.

     (iii)     The  above  price  per  Card  Substrate  shall  include:
               (a)     Purchased  raw  material;
               (b)     Fine  Blanking  or  Photo  Mill;
               (c)     Heat  Treat;

<PAGE>
               (d)     Flat  Lap  or  Grind;
               (e)     Nip  plate;
               (f)     Polish;
               (g)     Cleanings  steps  between  processes  as  necessary;  and
               (h)     Inspection  and  packaging,

      (iv)     The  prices set forth above are based upon a volume of 1,000,000
Card  Substrates per quarter. In the event that the actual orders from UltraCard
on  a  quarterly  basis do not meet 1,000,000 Card Substrates per quarter, KOMAG
will  be  entitled  to recover from UltraCard, in addition to the $1.00 per Card
Substrate  already  paid  by  UltraCard,  the following amount for that quarter:

RECOVERY  IN  THE  EVENT  ULTRACARD  FAILS  TO  ORDER
1,000,000  OR  MORE  CARD  SUBSTRATES  PER  QUARTER

CARD SUBSTRATES ACTUALLY           ADDITIONAL AMOUNT
ORDER DURING THE QUARTER               DUE KOMAG
---------------------------------  ------------------
Less than 250,000 for the Quarter  $       400,000.00
---------------------------------  ------------------
250,001 - 500,000 for the Quarter  $       300,000.00
---------------------------------  ------------------
500,001 - 750,000 for the Quarter  $       200,000.00
---------------------------------  ------------------
750,001 - 999,999 for the Quarter  $       100,000.00

<PAGE>
     (v)     KOMAG shall actively work to minimize Manufacturing costs and shall
share  cost  reductions  equally  with  UltraCard.   KOMAG  shall  have  full
responsibility  and  authority  for  allocating quantities and placing orders to
suppliers,  including  component  price  negotiations.

      (vi)    Pricing  set  forth above is FOB from KOMAG's manufacturing sites.

     (vii)     LIMITED  EXPRESS WARRANTY, For a period of the lesser of 150 days
from date of delivery of Card Substrate to UltraCard or 90 days from UltraCard's
delivery  of  Card Substrate to UltraCard's customer, KOMAG will, at its option,
repair, replace, or reimburse for any Card Substrate purchased by UltraCard from
KOMAG  which,  not withstanding a transfer of the Card Substrate having a defect
in  materials  or  workmanship  provided the product is returned, transportation
charges  prepaid,  to  KOMAG with written notification and provided further that
the  product  has  not  been  modified,  misused. or damaged by UltraCard or its
transferee.

     THIS  WARRANTY  IS  IN  LIEU  OF  ALL OTHER WARRANTIES, EXPRESS, IMPLIED OR
STATUTORY  INCLUDING THE WARRANTY OF MERCHANTABILITY AND THE WARRANTY OF FITNESS
OR  OF  SUITABILITY  FOR  A  PARTICULAR PURPOSE, AND OF ALL OTHER OBLIGATIONS OR
LIABILITIES  ON  SELLER'S. PART, AND IT NEITHER ASSUMES NOR AUTHORIZES ANY OTHER
PERSON TO ASSUME FOR SELLER ANY OTHER LIABILITIES IN CONNECTION WITH THE SALE OF
THE  SAID  ARTICLES.

     (viii)     The  parties  recognize  that the Card Substrate to be purchased
under  this  agreement  is  under  development,  and agree that the above stated
determination  of  defect in materials or workmanship shall be made with respect
to  the  reasonable  expectations  with  respect  to  materials  and workmanship
according  to  the  Card  Substrate  Specifications  in  effect  at  the time of
manufacture  of  the  Card Substrate, Should a dispute arise over whether a Card

<PAGE>
Substrate  is  defective,  that dispute will be resolved, in an due haste, under
binding  arbitration  in  the county of San Jose in the state of California.  If
binding arbitration does not determine a defect in materials or workmanship on a
product  claimed  to  be  defective, UltraCard agrees to pay KOMAG's established
charges for unpacking, testing, and repackaging of the product for reshipment to
UltraCard.

THIS  PROVISION  STATES  ULTRACARD'S  EXCLUSIVE  AND  SOLE  REMEDY FOR BREACH OF
WARRANTY  AND  THE  ENTIRE  EXTENT  OF  KOMAG'S LIABILITY FOR DEFECTIVE PRODUCT.

This provision does not extend the original warranty period of any product which
has  been  repaired  or  replaced  by  KOMAG.

     (ix)     DAMAGE  LIMITATION.  INDEPENDENTLY  OF ANY OTHER REMEDY LIMITATION
HEREOF  AND  NOT  WITHSTANDING  ANY FAILURE OF THE ESSENTIAL PURPOSE OF ANY SUCH
LIMITED REMEDY, IT IS AGREED THAT IN NO EVENT SHALL KOMAG BE LIABLE FOR SPECIAL,
INCIDENTAL  OR  CONSEQUENTIAL  DAMAGES  OF ANY KIND UNDER THIS AGREEMENT ARISING
FROM  A  BREACH  OF  THIS  LIMITED  EXPRESS  WARRANTY.

     (6)  QUALITY  SYSTEM/ACCEPTANCE  OF  CARD  SUBSTRATE

     (A)     KOMAG  and  UltraCard  will  cooperate  to  establish manufacturing
reliability testing to be performed by KOMAG on finished Card Substrate.  Unless
the  parties  mutually  agree on acceptance program at KOMAG manufacturing site,
UltraCard  shall  have  the  right  to  perform  Card  Substrate  inspection and
acceptance  within  a  period  of  thirty  (30) days of the delivery of the Card
Substrate  by  KOMAG  to  UltraCard's  facilities.

     (7)  CONFIDENTIALITY

     (A)     The  parties  agree  as  follows  with  respect  to  confidential
information;

<PAGE>
     (i)     Each  party's confidential information will be kept confidential by
the  other  party  as  set  forth  herein.

     (ii)     Subject  to  the provisions of  Paragraph (7)(A)(iii) below, it is
understood  that  during  the  performance under this Agreement, there will be a
technical  exchange  between  UltraCard, its employees and agents, and KOMAG and
its  employees and agents, and that confidential proprietary information will be
disclosed to and/or developed by each party, its employees and agents during the
term  of  the  Agreement  (the  "Confidential  Business  Information").  It  is
expressly understood and agreed, as part of this Agreement, each party shall own
all of such Confidential Business Information it discloses or develops, and that
each party agrees that the same shall be, and is, confidential & and proprietary
information  of  the  party  disclosing or developing the same.  It is expressly
understood  and  agreed  that  a party shall not have the right to use the other
party's  Confidential  Business  Information for it's own benefit nor to use the
same  for  the  benefit  of  any  third  party  except  as  provided  herein,

     (iii)     The  obligation  of  confidentiality imposed on a party hereunder
shall be to the same extent a party protects its own information it considers to
be  confidential  information,  but in no event less than a remarkable degree of
care,  and  shall  not  apply  with  respect  to  the  following:

     (a)     As  to  any  information  lawfully  disclosed to a party by a third
party,  either  oral  or written, not under an obligation of confidentiality and
not  in violation of any rights of the other party, or disclosed to a party by a
third  party  who  has  received  the  information  from  the other party and is
authorized  to  disclose  the  same  to  the  public;  or

     (b)     As  to any information that is or becomes known to the public, that
is  disclosed  in a printed publication available to public or that is described
in  a  patent  anywhere  in  the  world;  or

     (c)     As  to  any  information  which  has  been  developed

<PAGE>
Independently  by a party as demonstrated by written documents prior to the date
of  disclosure  by  the  other  party.

     (iv)     The  obligation  of  confidentiality  will automatically terminate
upon  the expiration of three (3) years from the expiration or Effective Date of
Termination  (as  defined  below)  of  this  Agreement, except that Confidential
Business Information incorporated in the Card Substrate or in the making thereof
shall  remain  confidential  unless  and  until one or more of the exceptions of
Paragraph 7(B)(iv)(a),(b) and (c), above, applies, provided that the same may be
disclosed  in  accordance  with the terms of the Intellectual Property Agreement
(including  the  confidentality  provisions  thereof)  described in Paragraph 8,
below.

     (v)     KOMAG  will  provide  UltraCard access to its facilities to observe
and  assist with the progress of Contract Manufacturing Services hereunder for a
period  no less than sixteen (16) hours per week, upon reasonable advance notice
and  during  normal  business  hours.

     (8)  INTELLECTUAL  PROPERTY  RIGHTS

     (A)  UltraCard  and KOMAG are to enter into prior to or concurrent with the
execution  of  the  Card  Substrate  Supply  Agreement and Intellectual Property
Agreement  in  the form of Exhibit D attached hereto. The parties agree that the
execution  and  delivery  of  the Intellectual Property Agreement is a condition
precedent  to  the  Card  Substrate  Supply  Agreement  becoming  effective.

     (9)  TERM  /  TERMINATION  RIGHTS

     (A)  The term of this Agreement is two (2) years, unless earlier terminated
as  provided  herein,  which  can  be  extended  as  by mutual written agreement
("Term").   This  Agreement  can  be terminated and/or cancelled by either party
for  non-performance  or  breach  of  terms  by a party providing written notice
thereof  to  the  other  party,  provided,  however,  that  the  party

<PAGE>
exercising  its rights hereunder shall first provide the other party with thirty
(30)  days  prior  written  notice of the non-perfomance or breach and the other
party  shall have failed to cure the same within the thirty (30) day period, The
end  of  the  thirty  (30)  day  cure  period  shall  be  the "Effective Date of
Termination."

     (B)  Notwithstanding any other provision of this Agreement, UltraCard is to
have  the  right  to  terminate  and/or  cancel this Agreement at any time up to
completion  of  the  NRE projects by providing and delivering to KOMAG a Written
Notice  of Termination, which termination shall be effective upon receipt of the
same  by  KOMAG  (the  "Effective  Date  of  Temination").

     (C)     The  parties  acknowledge  and  agree that the Card Substrate to be
supplied  hereunder  is  under development and that it is unknown and unknowable
whether  the  Card  Substrate (including the Prototype Card Substrate, the First
Article  of  Manufactured  Card Substrate, and the Card Substrate thereafter) is
manufacturable on an economic basis or at all. Accordingly, if KOMAG determines,
in good faith, that the Card Substrate is not manufacturable, and KOMAG provides
UltraCard  with  written  notice thereof specifying the reasons therefore, KOMAG
shall then have the right to terminate and/or cancel this Agreement by providing
written  notice thereof to UltraCard thirty (30) days before the first scheduled
delivery  date  of  Prototype Card Substrates as set forth in Paragraph 2, First
Article  of  Manufactured  Card  Substrates as set forth in Paragraph 3, or Card
Substrates  as  set  forth  in Paragraph 4.  (The date of UltraCard's receipt of
such  notice  shall  be  the  "Effective  Date  of  Termination")

     (D)     In  the  event  that  KOMAG  terminates  for  UltraCard's breach or
default  under  Paragraph  9(A)  or  UltraCard exercises its rights set forth in
Paragraph  9(B)  above,  UltraCard

<PAGE>
shall  be  obligated to pay the purchase order price for Card Substrates subject
to  firm  purchase  order  as  set  forth  in Paragraph (4), provided that KOMAG
delivers  the  same  to  UltraCard.  KOMAG shall also be entitled to recover all
amounts  set  forth  in  Paragraph  5(B)(iv),  above.  In the event that the NRE
charges  subject of Paragraph 5 (A)(i) have not been paid to KOMAG by UltraCard,
the  parties  agree  as  follows:

     (i)     KOMAG  shall provide UltraCard with a written accounting of the NRE
charges  including  the  details  of the unpaid NRE charges, If UltraCard has no
objection(s)  to  such NRE charges accounting, then the amount due shall be paid
within  thirty  (30)  days.

     (ii)     If  UltraCard  has any objection(s) to the NRE charges accounting,
UltraCard shall promptly provide KOMAG with written objection(s) thereto setting
forth the reasons for such objection(s) and the parties shall promptly meet and,
in  good  with,  attempt  to  resolve  such  objection(s).  Upon reaching mutual
agreement  on resolutions of the objection(s) and as to a liquidated amount due,
the  agreed upon amount the NRE charge shall be paid by UltraCard in Thirty (30)
days,

                  10.          INTERPRETATION / APPLICABLE LAW
                               -------------------------------

     (A)     The  parties  agree  that all provisions of this Agreement, and any
questions  concerning  its construction and interpretation, shall be governed by
the  laws  of  the  State  of California, without regard to its conflict of laws
provisions,

     (B)     This  Agreement supersedes any and all previous agreements, written
or  oral,  between  the  parties  relating to the subject matter hereof. Without
limiting  the  foregoing, the confidentiality provisions of this Agreement shall
supersede  any  confidentiality or nondisclosure agreements between the parties.

<PAGE>
     (C)     No  amendment  or modification of the terms of this Agreement shall
be  binding  upon  either  party  unless  reduced  to  writing and signed by the
parties.

     (D)     In  the  event  any  provision  hereof  is  deemed null and void or
unenforceable,  the  remaining provisions thereof shall remain in full force and
effect.

     11  NOTICES

     All  notices, reports and payments made pursuant to this Agreement "I be in
writing  and  addressed  to  the  parties  at the address set forth in the first
paragraph of this Agreement unless notice of a difference address is supplied by
either  party  to  the  other.

     IN  WITNESS  WHEREOF, each of the parties has executed this Agreement as of
the  day  and  year set forth below adjacent to their respective signatures, but
effective  as  of  the  day  and  year  as  set  forth  above.

                                 UltraCard, Inc,
                                 a Nevada corporation

Date:  October 18, 2000          By:  /s/  Daniel Kehoe
                                 Chief Executive Officer

                                 KOMAG,  Incorporated,
                                 a Delaware corporation

Date:  October 18, 2000          By:  /s/  T. H. Tan
                                 Chief Executive Officer

<PAGE>

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