Document:

<PAGE>

                                                                   Exhibit 4.3

   [LOGO]                           [LOGO]                       [LOGO]
COMMON STOCK                                                SEE REVERSE FOR
                                                          CERTAIN DEFINITIONS
                                                           CUSIP 270921 10 2

                                Earthlink, Inc.

             INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

-------------------------------------------------------------------------------
THIS CERTIFIES THAT

IS THE OWNER OF
-------------------------------------------------------------------------------

 FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $.01 PAR VALUE, OF

--------------------------------Earthlink, Inc.--------------------------------

transferable on the books of the Corporation by the holder hereof in person
or by duly authorized Attorney upon surrender of this Certificate properly
endorsed. This Certificate is not valid until countersigned and registered by
the Transfer Agent and Registrar.
    Witness the facsimile seal of the Corporation and the facsimile
signatures of the duly authorized officers.

COUNTERSIGNED AND REGISTERED
    AMERICAN STOCK TRANSFER & TRUST COMPANY
                  TRANSFER AGENT AND REGISTRAR
By

                              AUTHORIZED SIGNATURE

Dated:

                                     [SEAL]

    /s/ Samuel R. DeSimone, Jr.                 /s/ Charles G. Betty

    SECRETARY                                   CHIEF EXECUTIVE OFFICER

<PAGE>

                         EarthLink, Inc.

     The Corporation will furnish without charge to each stockholder who so
requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or
series thereof and the qualifications, limitations or restrictions of such
preferences and/or rights.

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<TABLE>
<CAPTION>

    <S>                                          <C>
       TEN COM - as tenants in common               UNIF GIFT MIN ACT -         Custodian
       TEN ENT - as tenants by the entireties                           --------          ----------
       JT TEN  - as joint tenants with right of                          (Cust)             (Minor)
                 survivorship and not as tenants                         under Uniform Gifts to Minors
                 in common                                               Act
                                                                            --------------------------
                                                                                  (State)

</TABLE>

       Additional abbreviations may also be used though not in the above list.

FOR VALUE RECEIVED,                         HEREBY SELL, ASSIGN AND TRANSFER
                   ------------------------

UNTO

PLEASE INSERT SOCIAL SECURITY OR OTHER
  IDENTIFYING NUMBER OF ASSIGNEE
---------------------------------------

---------------------------------------

-------------------------------------------------------------------------------
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OR ASSIGNEE)

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------SHARES
OF THE CAPITAL STOCK REPRESENTED BY THE WITHIN CERTIFICATE, AND DO HEREBY
IRREVOCABLY CONSTITUTE AND APPOINT

                                                                       ATTORNEY
----------------------------------------------------------------------
TO TRANSFER THE SAID STOCK ON THE BOOKS OF THE WITHIN NAMED CORPORATION WITH
FULL POWER OF SUBSTITUTION IN THE PREMISES

DATED
     -----------------------------------

                                         --------------------------------------
                                  NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST
                                          CORRESPOND WITH THE NAME AS WRITTEN
                                          UPON THE FACE OF THE CERTIFICATE IN
                                          EVERY PARTICULAR, WITHOUT
                                          ALTERATION OR ENLARGEMENT OR ANY
                                          CHANGE WHATEVER.

                                          -------------------------------------
                 SIGNATURE(S) GUARANTEED: THE SIGNATURE(S) SHOULD BE
                                          GUARANTEED BY AN ELIGIBLE GUARANTOR
                                          INSTITUTION (BANKS, STOCKBROKERS,
                                          SAVINGS AND LOAN ASSOCIATIONS AND
                                          CREDIT UNIONS WITH MEMBERSHIP IN AN
                                          APPROVED SIGNATURE GUARANTEE
                                          MEDALLION PROGRAM), PURSUANT TO
                                          S.E.C. RULE 17Ad-15.<PAGE>
                                                                  Exhibit 4.4

                             1995 STOCK OPTION PLAN
                            (EARTHLINK NETWORK, INC.)

1.       PURPOSES OF THE PLAN. The purposes of this 1995 Stock Option Plan are
to attract and retain the best available personnel, to provide additional
incentive to the Employees of the Company and its Subsidiaries, to promote the
success of the Company's business and to enable the Employees to share in the
growth and prosperity of the Company by providing them with an opportunity to
purchase stock in the Company.

         Options granted hereunder may be either Incentive Stock Options or
Nonstatutory Stock Options, at the discretion of the Board and as reflected in
the terms of the written stock option agreement.

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

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

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

c.       "CODE" shall mean the Internal Revenue Code of 1986, as amended from
time to time. References in the Plan to any section of the Code shall be deemed
to include any amendment or successor provisions to such section and any
regulations issued under such section.

d.       "COMMON STOCK" shall mean the Common Stock of the Company.

e.       "COMPANY" shall mean EarthLink Network, Inc., a California corporation.

f.       "COMMITTEE" shall mean the Committee the Board appoints in accordance
with Section 4(a) of the Plan.

g.       "CONTINUOUS EMPLOYMENT" or "CONTINUOUS STATUS AS AN EMPLOYEE" shall
mean the absence of any interruption or termination of employment or service as
an Employee by or to the Company or any Parent or Subsidiary of the Company.
Continuous Employment shall not be considered interrupted in the case of
authorized sick leave, authorized military leave or any other authorized leave
of absence the Board approves or in the case of transfers between locations of
the Company or between the Company, its Parent, or any of its Subsidiaries or
their successors.

<PAGE>

h.       "DISABILITY" shall mean the inability of the Optionee to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or has lasted or can
be expected to last for a continuous period of not less than 12 months. In
determining the Disability of an Optionee, the Board may require the Optionee to
furnish proof of the existence of Disability and may select a physician to
examine the Optionee. The final determination as to the Disability of the
Optionee shall be made by the Board.

i.       "EMPLOYEE" shall mean any person, including officers and directors,
employed by the Company, its Parent, any of its Subsidiaries or its successors.
A person shall not be deemed to be employed by the Company merely because such
person is a member of the Board of Directors of the Company or a consultant to
the Company.

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

k.       "INCENTIVE STOCK OPTION" shall mean an Option intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code.

l.       "NON-EMPLOYEE DIRECTORS" shall mean directors who (i) are not current
officers or employees of the Company or its Parent or any Subsidiary, (ii) do
not, either directly or indirectly, receive compensation from the Company or its
Parent or any Subsidiary for services rendered in any capacity other than a
director, except for any amount not in excess of the amount for which disclosure
would be required pursuant to Regulation S-K 404(a) promulgated under the
Securities Exchange Act of 1934, (iii) do not possess an interest in any
transaction for which disclosure would be required pursuant to Regulation S-K
404(a) promulgated under the Securities Exchange Act of 1934, and (iv) are not
engaged in any business relationship for which disclosure would be required
pursuant to Regulation S-K 404(b) promulgated under the Securities and Exchange
Act of 1934.

m.       "NONSTATUTORY STOCK OPTION" shall mean an Option which is not an
Incentive Stock Option.

n.       "OPTION" shall mean a stock option granted pursuant to the Plan
evidencing the grant of a right to an Employee pursuant to the Plan to purchase
a specified number of Shares at a specified exercise price.

o.       "OPTION AGREEMENT" shall mean a written agreement substantially in one
of the forms attached hereto as Exhibit A, or such other form or forms as the
Board (subject to the terms and conditions of this Plan) may from time to time
approve, evidencing and reflecting the terms of an Option.

<PAGE>

p.       "OPTIONED STOCK" shall mean the Common Stock subject to an Option.

q.       "OPTIONEE" shall mean an Employee who is granted an Option.

r.       "PARENT" shall mean a "parent corporation," whether now or hereafter
existing, as described in Sections 424(e) and (g) of the Code.

s.       "PLAN" shall mean this 1995 Stock Option Plan.

t.       "SHARE" or "SHARES" shall mean shares of the Common Stock, as adjusted
in accordance with Section 10 of the Plan.

u.       "STOCK PURCHASE AGREEMENT" shall mean an agreement substantially in the
form attached hereto as Exhibit B, or such other form as the Board may from time
to time approve, which is to be executed as a condition of purchasing Optioned
Stock upon exercise of an Option.

v.       "SUBSIDIARY" OR "SUBSIDIARIES" shall mean a subsidiary corporation or
corporations, whether now or hereafter existing, as defined in Sections 424(f)
and (g) of the Code.

w.       "TERMINATION FOR CAUSE" shall mean termination of employment as a
result of (i) (A) any act by the Optionee constituting a felony under any
federal, state or local law; (B) the Optionee's willful and continued failure to
perform the duties assigned to him or her as an Employee; (C) any material
breach by the Optionee of any agreement with the Company concerning his or her
employment or other understanding concerning the terms and conditions of
employment by the Company; (D) dishonesty, gross negligence or malfeasance by
the Optionee in the performance of his or her duties as an Employee or any
conduct by the Optionee which involves a material conflict of interest with any
business of the Company or Affiliate; or (E) the Optionee's taking or knowingly
omitting to take any other action in the performance of Optionee's duties as an
Employee without informing appropriate members of management to whom such
Optionee reports, which action, in the determination of the Board, has caused or
substantially contributed to the material deterioration in the business or
financial condition of the Company or any Affiliate, taken as a whole or (ii)
any other reason as defined in a written employment agreement between the
Company and the Optionee which the Board approves.

3. STOCK SUBJECT TO THE PLAN. Subject to the provisions of Section 10 of the
Plan, the maximum aggregate number of Shares which may be optioned and sold
pursuant to the exercise of Options under the Plan is 7,700,000. The Shares may
be authorized but unissued or reacquired Shares.

<PAGE>

         If an Option should expire or become unexercisable for any reason
without having been exercised in full or if the Company repurchases Shares from
the Optionee pursuant to the terms of a Stock Purchase Agreement, the
unpurchased or repurchased Shares, respectively, which were subject thereto
shall, unless the Plan shall have been terminated, return to the Plan and become
available for other Options under the Plan.

4.       Administration of the Plan.

         a. PROCEDURE. The Board shall administer the Plan. Members of the Board
who are eligible for Options or have been granted Options may vote on any
matters affecting the administration of the Plan or the grant of any Options
pursuant to the Plan, except that no such member shall act upon the granting of
an Option to himself or herself, but any such member may be counted in
determining the existence of a quorum at any meeting of the Board during which
action is taken with respect to the granting of Options to him or her.

         The Board may at any time appoint a Committee consisting of not less
than two Non-Employee Directors to administer the Plan on behalf of the Board,
subject to such terms and conditions as the Board may prescribe. Members of the
Committee shall serve for such period of time as the Board may determine. From
time to time the Board may increase the size of the Committee and appoint
additional members thereto, remove members (with or without cause) and appoint
new members in substitution therefor, fill vacancies however caused or remove
all members of the Committee and thereafter directly administer the Plan.

         b. POWERS OF THE BOARD. Subject to the provisions of the Plan, the
Board shall have the authority, in its discretion: (i) to grant Incentive Stock
Options and Nonstatutory Stock Options; (ii) to determine, upon review of
relevant information and in accordance with Section 7 of the Plan, the fair
market value per Share; (iii) to determine the terms and conditions of vesting
of Options, the exercise price of the Options and the consideration to be paid
for shares upon the exercise of Options (which exercise price and consideration
shall be determined in accordance with Section 7 of the Plan); (iv) to determine
the Employees to whom, and the times at which, Options shall be granted, and the
number of Shares to be subject to each Option; (v) to prescribe, amend and
rescind rules and regulations relating to the Plan; (vi) to determine the terms
and provisions of each Option Agreement and each Stock Purchase Agreement (each
of which need not be identical with the terms of other Option Agreements and
Stock Purchase Agreements) and, with the consent of the holder thereof, to
modify or amend each Option and Stock Purchase Agreement; (vii) to determine
whether any Employee, as a condition to the exercise of an Option, will have to
execute a stock repurchase agreement or other agreement and to determine the
terms and provisions of any such agreement (which need not be identical with the
terms of any other such agreement) and, with the consent of the Optionee, to
amend any such agreement; (viii) to interpret the Plan, the Option Agreements,
the Stock Purchase Agreements or any agreement entered into with respect to the
grant or exercise of Options; (ix) to authorize any person to execute on behalf
of the Company any instrument required to effectuate the grant of an Option the
Board previously granted or to take such other actions as may be necessary or
appropriate

<PAGE>

with respect to the Company's rights pursuant to Options or agreements relating
to the grant or exercise thereof; and (x) to make such other determinations and
establish such other procedures as it deems necessary or advisable for the
administration of the Plan.

         c. EFFECT OF THE BOARD'S DECISION. All decisions, determinations and
interpretations of the Board shall be final and binding on all Optionees and any
other holders of Options.

5.       ELIGIBILITY. Options may be granted only to Employees (including
employees of the Company who are also directors of the Company).

6.       TERM OF PLAN. Effectiveness of the Plan shall be subject to approval by
the shareholders of the Company within 12 months before or after the date the
Plan is adopted; provided, however, that Options may be granted pursuant to the
Plan prior to such shareholder approval subject to and conditioned upon
subsequent approval of the Plan by such shareholders. Shareholder approval shall
be obtained by the affirmative votes of the holders of a majority of voting
shares of the Company's capital stock present or represented and entitled to
vote at a meeting of shareholders duly held in accordance with the laws of the
State of Delaware or by such other means authorized under law. The Plan shall
continue in effect for a term of ten years unless sooner terminated in
accordance with the terms and provisions of the Plan.

7.       OPTION PRICE AND CONSIDERATION.

         a. EXERCISE PRICE. The exercise price per Share for the Shares to be
issued pursuant to the exercise of a Nonstatutory Stock Option shall be not less
than 85% of the fair market value per Share, as described below. The exercise
price per Share for the Shares to be issued pursuant to the exercise of an
Incentive Option shall be the fair market value per Share. However, with respect
to both Incentive Stock Options and Nonstatutory Stock Options, the exercise
price shall be 110% of the fair market value per Share on the date of grant in
the case of any Optionee who, at the time the Option is granted, owns stock (as
determined under Section 424(d) of the Code) possessing more than 10% of the
total combined voting power of all classes of stock of the Company or its Parent
or Subsidiaries.

         b. FAIR MARKET VALUE. The Board in its sole discretion, exercised in
good faith, shall determine the fair market value per Share on the date of
grant.

         c. PAYMENT OF CONSIDERATION. The Board in its discretion on the date of
grant shall determine the consideration to be paid for the Shares to be issued
upon exercise of an Option, including the method of payment, and the
consideration may consist of cash, check, promissory notes or other forms of
legally permitted consideration.

<PAGE>

8.       Options.

         a. TERMS AND PROVISIONS OF OPTIONS. As provided in Section 4 of this
Plan and subject to any limitations specified herein, the Board shall have the
authority to determine the terms and provisions of any Option granted under the
Plan or any agreement required to be executed in connection with the grant or
exercise of an Option. Each Option granted pursuant to this Plan shall be
evidenced by an Option Agreement. Options granted under the Plan are conditioned
upon the Company obtaining any required permit or order from appropriate
governmental agencies, authorizing the Company to issue such Options and Shares
issuable upon exercise thereof.

         b. NUMBER OF SHARES. Each Option Agreement shall state the number of
Shares to which it pertains and whether such Option is intended to constitute an
Incentive Stock Option or a Nonstatutory Stock Option. The maximum number of
Shares which may be awarded as Options under the Plan during any calendar year
to any Optionee is 250,000 Shares. If an Option that an Employee holds is
canceled, the canceled Option shall continue to be counted against the maximum
number of Shares for which Options may be granted to such Employee and any
replacement Option granted to such Employee shall also count against such limit.

          c. TERM OF OPTION. The term of each Option shall be specified in the O
ption Agreement and may be up to ten years from the date of grant thereof,
except that the term of an Incentive Stock Option granted to an Employee who, at
the time the Incentive Stock Option is granted, owns stock representing more
than ten percent of the total combined voting power of all classes of stock of
the Company or its Parent or Subsidiaries, shall not exceed five years from the
date of grant thereof.

         d. EXERCISE OF OPTION.

         (1) PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any Option shall
vest and become exercisable at such times, in such installments and under such
conditions as the Board may determine, specified in the Option Agreement and as
shall be permissible under the terms of the Plan, including performance criteria
with respect to the Company and/or the Optionee.

         An Option may be exercised from time to time during the term of the
Option in accordance with the provisions of this Plan as to all or any portion
of the Shares then exercisable under an Option. An Option may not be exercised
for a fraction of a Share.

         An Option shall be deemed to be exercised when written notice of such
exercise has been given to the Company at its principal business office in
accordance with the terms of the Option Agreement by the person entitled to
exercise the Option and the Company has received full payment for the Shares
with respect to which the Option is exercised, accompanied by an executed Stock
Purchase Agreement (including the attachments thereto) substantially in the form

<PAGE>

of Exhibit B hereto and as may be modified by the Board from time to time, and
any other agreements required by the terms of the Plan and/or the Option
Agreement. Full payment may consist of such consideration and method of payment
allowable under Section 7 of the Plan. Until the Option is properly exercised in
accordance with the terms of this Section 8(d), no right to vote or to receive
dividends or any other rights as a shareholder shall exist with respect to the
Optioned Stock. No adjustment shall be made for a dividend or other right for
which the record date is prior to the date the Option is exercised, except as
provided in Section 10 of the Plan.

         As soon as practicable after any proper exercise of an Option in
accordance with the provisions of the Plan, the Company shall, without transfer
or issue tax to the Optionee, deliver to the Optionee at the principal executive
office of the Company or such other place as shall be mutually agreed upon
between the Company and the Optionee, a certificate or certificates representing
the Shares for which the Option shall have been exercised. The Company may
postpone the time of issuance and delivery of the certificate(s) representing
the Shares for which the Option shall have been exercised for such period as the
Company may require, to comply with any applicable listing requirements of any
national or regional securities exchange or any law or regulation applicable to
the issuance or delivery of such Shares. No Option may be exercised unless the
shareholders of the Company have duly approved the Plan in accordance with
applicable law. Notwithstanding anything to the contrary herein, the terms of a
Stock Purchase Agreement required to be executed and delivered in connection
with the exercise of an Option may require the certificate or certificates
representing the Shares purchased upon the exercise of an Option to be delivered
and deposited with the Company as security for the Optionee's faithful
performance of the terms and conditions of his or her Stock Purchase Agreement.

         Exercise of an Option in any manner shall result in a decrease in the
number of Shares which thereafter may be available, both for purposes of the
Plan and for sale under the Option, by the number of Shares as to which the
Option is exercised.

         (2) TERMINATION OF STATUS AS AN EMPLOYEE. If an Optionee ceases to
serve as an Employee for any reason other than death or Disability, and thereby
terminates his or her Continuous Status As An Employee, to the extent that such
Optionee was entitled to exercise the Option at the date of such termination,
such Optionee shall have the right to exercise the Option at any time within 30
days subsequent to the last day of such Optionee's Continuous Status As An
Employee (unless at the time of grant of such Option the Board specified a
longer period, not to exceed 90 days), PROVIDED, however, that no Option shall
be exercisable after the expiration of the term set forth in the Option
Agreement. To the extent that such Optionee was not entitled to exercise the
Option at the date of the terminating event, or if such Optionee does not
exercise such Option (which such Optionee was entitled to exercise) within the
time specified herein, the Option shall terminate. In the event that an
Optionee's Continuous Status As An Employee terminates due to death or
Disability, to the extent that such Optionee was entitled to exercise the Option
at the date of such termination, the Option may be exercised any time within 180
days subsequent to the death or Disability of the Optionee (unless at the time
of grant of such Option the Board specified a longer period, not to exceed one
year), PROVIDED, however, that no Option shall be exercisable after the
expiration of the Option term set forth in the Option Agreement. To

<PAGE>

the extent that such Optionee was not entitled to exercise such Option at the
date of his or her termination due to death or Disability or if such Option is
not exercised (to the extent it could be exercised) within the time specified
herein, the Option shall terminate.

         e. LIMIT ON VALUE OF OPTIONED STOCK. To the extent that the aggregate
fair market value (determined at the time an Incentive Stock Option is granted)
of the Shares with respect to which Incentive Stock Options are exercisable for
the first time by an Optionee during any calendar year under all incentive stock
option plans of the Company, its Parent or its Subsidiaries, if any, exceeds
$100,000, the Options in excess of such limit shall be treated as Nonstatutory
Stock Options.

         f. EXPIRATION OF OPTION. Notwithstanding any provision in the Plan,
including but not limited to the provisions set forth in this Section 8, an
Option may not be exercised, under any circumstances, after the expiration of
its term.

9.       NONTRANSFERABILITY OF OPTIONS. Incentive Stock Options granted under
this Plan may not be sold, pledged, assigned, hypothecated, given, transferred
or disposed of in any manner, either voluntarily or involuntarily by operation
of law, other than by will or by the laws of descent or distribution , and any
such attempt may result, at the discretion of the Board, in the termination of
such Incentive Stock Options. During the lifetime of the Optionee, only he or
she or his or her legal guardian may exercise an Incentive Stock Option.
Nonstatutory Stock Options granted under this Plan may not be sold, pledged,
assigned, hypothecated, given, transferred or disposed of in any manner, either
voluntarily or involuntarily by operation of law, other than by will or by the
laws of descent or distribution and any such attempt may result, at the
discretion of the Board, in the termination of such Nonstatutory Stock Options.

10.      ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER.

         a. Subject to any required action by the shareholders of the Company,
the number of Shares covered by each outstanding Option, and the number of
Shares which have been authorized for issuance under the Plan but as to which no
Options have yet been granted or which have been returned to the Plan upon
cancellation or expiration of an Option or repurchase of Shares from an Optionee
upon termination of employment or service, as well as the exercise price per
Share covered by each such outstanding Option, shall be proportionately adjusted
for any increase or decrease in the number of issued Shares resulting from a
stock split, reverse stock split, combination, recapitalization or
reclassification of the Common Stock, or the payment of a stock dividend (but
only on the Common Stock) or any other increase or decrease in the number of
issued shares of Common Stock effected without receipt of full and adequate
consideration by the Company (other than stock bonuses to Employees or
directors); provided, however, that the conversion of any convertible securities
of the Company shall not be deemed to have been effected without the receipt of
consideration. The Board shall make such adjustment and its determination in
that respect shall be final, binding and conclusive. Except as expressly
provided

<PAGE>

herein, no issue by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, shall affect, and no adjustment
by reason thereof shall be made with respect to, the number or price of Shares
subject to the Plan or an Option.

         b. In the event of a proposed dissolution or liquidation of the Company
or the sale of all or substantially all of the assets of the Company (other than
in the ordinary course of business), or the merger, consolidation or
reorganization of the Company with or into another corporation as a result of
which the Company is not the surviving corporation or as a result of which the
outstanding Shares are exchanged for or converted into cash or property or
securities not of the Company, the Board shall (i) make provision for the
assumption of all outstanding Options by the successor corporation or a Parent
or a Subsidiary thereof, or (ii) declare that outstanding Options shall
terminate as of a date fixed by the Board which is at least thirty (30) days
after the notice thereof to the Optionee (unless such thirty (30) day period is
waived by the Optionee) and shall give each Optionee the right to exercise his
or her Option as to all or any part of the shares underlying such Option to the
extent then exercisable, provided such exercise does not violate Section 8(d)
(ii) of the Plan.

         c. No fractional shares of Common Stock shall be issuable on account of
any action described in this Section, and the aggregate number of shares into
which Shares then covered by the Option, when changed as the result of such
action, shall be reduced to the largest number of whole shares resulting from
such action, unless the Board, in its sole discretion, shall determine to issue
scrip certificates in respect to any fractional shares, which scrip
certificates, in such event, shall be in a form and have such terms and
conditions as the Board in its discretion shall prescribe.

11.      TIME OF GRANTING OPTIONS. The date of grant of an Option shall, for all
purposes, be the date on which the Board makes the determination granting such
Option, PROVIDED, however, that if the Board determines that such grant shall be
as of some future date, the date of grant shall be such future date. Notice of
the determination shall be given to each Employee to whom an Option is so
granted within a reasonable time after the date of such grant.

12.      AMENDMENT AND TERMINATION OF THE PLAN.

         a. AMENDMENT AND TERMINATION. The Board may from time to time amend or
terminate the Plan in such respects as the Board may deem advisable and shall
make any amendments which may be required so that Options intended to be
Incentive Stock Options shall at all times continue to be Incentive Stock
Options for the purpose of the Code, except that, without approval of the
holders of a majority of the shares of the Company's capital stock represented
or present and entitled to vote at a valid meeting of the Company's shareholders
at which action is taken on an amendment or revision, no such amendment shall:

<PAGE>

         b. Increase the number of Shares subject to the Plan, other than in
connection with an adjustment under Section 10 of the Plan;

         c. Materially change the designation of the class of Employees eligible
to be granted Options;

         d. Extend the term of the Plan; or

         e. Remove the administration of the Plan from the Board or the
Committee.

         f. EFFECT OF AMENDMENT OR TERMINATION. Except as Section 10 otherwise
provides, any amendment or termination of the Plan shall not affect Options
already granted and such Options shall remain in full force and effect as if
this Plan had not been amended or terminated, unless the Optionee and the
Company mutually agree otherwise in writing.

13.      Conditions Upon Issuance of Shares.

         a. Shares shall not be issued pursuant to the exercise of an Option
unless the exercise of such Option and the issuance and delivery of such Shares
pursuant thereto shall comply with all relevant provisions of law, including,
without limitation, the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, applicable state securities laws, the rules
and regulations promulgated under such laws, and the requirements of any stock
exchange upon which the Shares may then be listed, and shall be further subject
to the approval of counsel for the Company with respect to such compliance.

         b. As a condition to the exercise of an Option, the Board may require
the person exercising such Option to execute an agreement with, and/or may
require the person exercising such Option to make any representation and
warranty to, the Company as may in the judgment of counsel to the Company be
required under applicable law or regulation, including but not limited to a
representation and warranty that the Shares are being purchased only for
investment and without any present intention to sell or to distribute such
Shares if, in the opinion of counsel for the Company, such a representation and
warranty is appropriate under any of the aforementioned relevant provisions of
law.

14.      RESERVATION OF SHARES. The Company, during the term of this Plan, shall
at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         The Company, during the term of this Plan, shall use its best efforts
to seek to obtain from appropriate regulatory agencies any requisite
authorization in order to issue and to sell such

<PAGE>

number of Shares as shall be sufficient to satisfy the requirements of the Plan.
The inability of the Company to obtain from any such regulatory agency having
jurisdiction the requisite authorizations that the Company's counsel deemed to
be necessary for the lawful issuance and sale of any Shares hereunder, or the
inability of the Company to confirm to its satisfaction that any issuance and
sale of any Shares hereunder will meet applicable legal requirements, shall
relieve the Company of any liability in respect to the failure to issue or to
sell such Shares as to which such requisite authority shall not have been
obtained.

15.      STOCK OPTION AND STOCK PURCHASE AGREEMENTS. Options shall be evidenced
by written Option Agreements in such form or forms as the Board shall approve
from time to time. Upon the exercise of an Option, the Optionee shall sign and
deliver to the Company a Stock Purchase Agreement in such form or forms as the
Board shall approve from time to time.

16.      EFFECTIVE DATE AND TERM OF PLAN. The Plan shall become effective upon
shareholder approval as provided in Section 17 of the Plan. The Plan shall
continue in effect for a term of ten years unless sooner terminated under
Section 12 of the Plan.

17.      SHAREHOLDER APPROVAL. Continuance of the Plan shall be subject to
approval by the shareholders of the Company within 12 months before or after the
date the Board adopts the Plan. Shareholder approval at a duly held
shareholders' meeting may be obtained by the affirmative of the holders of a
majority of the shares of the Company represented or present and entitled to
vote thereon. All Options granted prior to shareholder approval of the Plan are
subject to such approval, and if such approval is not obtained within 12 months
before or after the date the Board adopts the Plan, all such Options shall
expire and shall be of no further force or effect.

18.      TAXES, FEES, EXPENSES AND WITHHOLDING OF TAXES.

         a. The Company shall pay all original issue and transfer taxes (but not
income taxes, if any) with respect to the grant of Options and/or the issue and
transfer of Shares pursuant to the exercise thereof, and all other fees and
expenses the Company necessarily incurs in connection therewith, and will from
time to time use its best efforts to comply with all laws and regulations which,
in the opinion of counsel for the Company, shall be applicable thereto.

         b. The grant of Options hereunder and the issuance of Shares pursuant
to the exercise thereof is conditioned upon the Company's reservation of the
right to withhold, in accordance with any applicable law, from any compensation
or other amounts payable to the Optionee, any taxes that federal, state or local
law requires to be withheld as a result of the grant or exercise of such Option
or the sale of the Shares issued upon exercise thereof. To the extent that
compensation or other amounts, if any, payable to the Optionee are insufficient
to pay any taxes required to be so withheld, the Company may, in its sole
discretion, require the Optionee, as a condition of the exercise of an Option,
to pay in cash to the Company an amount sufficient

<PAGE>

to cover such tax liability or otherwise to make adequate provision for the
Company's satisfaction of its withholding obligations under federal, state and
local law.

19.      LIABILITY OF COMPANY. The Company, its Parent or any Subsidiary which
is in existence or hereafter comes into existence shall not be liable to an
Optionee or other person if the Internal Revenue Service or any court having
jurisdiction determines for any reason that any Options intended to be Incentive
Stock Options granted hereunder do not qualify as incentive stock options within
the meaning of Section 422 of the Code.

20.      INFORMATION TO OPTIONEE. The Company shall provide without charge at
least annually to each Optionee during the period his or her Option is
outstanding a balance sheet and income statement of the Company. In the event
that the Company provides annual reports or periodic reports to its shareholders
during the period in which an Optionee's Option is outstanding, the Company
shall provide to each Optionee a copy of each such report.

21.      INDEMNIFICATION. No member of the Committee or of the Board shall be
liable for any action taken or for any omission, except in circumstances
involving actual bad faith, or for any action taken or for any omission, by any
other member or by any officer, agent or Employee. In addition to such other
rights of indemnification they may have as members of the Board, or as members
of the Committee, the Committee shall be indemnified by the Company against
reasonable expenses, including attorneys' fees actually and necessarily incurred
in connection with the defense of any action, suit or proceeding, or in
connection with any appeal therein, to which they or any of them may be a party
by reason of any action or omission in connection with the Plan or any Option
taken thereunder, and against all amounts they pay in settlement thereof
(provided independent legal counsel the Company has selected approves the
settlement) or they pay in satisfaction of a judgment in any action, suit or
proceeding, except in relation to matters as to which it shall be adjudged in
such action, suit or proceeding that such Committee or Board member is liable
for actual bad faith in the performance of his or her duties; provided that
within 60 days after institution of any such action, suit or proceeding, a
Committee or Board member shall in writing offer the Company the opportunity, at
its own expense, to handle and defend the same.

22.      NOTICES. Any notice to be given to the Company pursuant to the
provisions of this Plan shall be given in writing, addressed to the Company at
its principal office in care of its Secretary, and any notice to be given to an
Employee to whom an Option is granted hereunder shall be delivered personally or
addressed to him or her at the address given beneath his or her signature on his
Option Agreement or Stock Purchase Agreement or at such other address as such
Optionee or his or her transferee (upon the transfer of the Optioned Stock) may
hereafter designate in writing to the Company. Any such notice shall be deemed
duly given when enclosed in a properly sealed envelope or wrapper addressed as
aforesaid, registered or certified, and deposited, postage and registry or
certification fee prepaid, in a post office or branch post office the United
States Postal Service regularly maintains. It shall be the obligation of each
Optionee

<PAGE>

and each transferee holding Shares purchased upon exercise of an Option to
provide the Secretary of the Company, by letter mailed as provided hereinabove,
with written notice of his or her direct mailing address.

23.      NO ENLARGEMENT OF EMPLOYEE RIGHTS. This Plan is purely voluntary on the
part of the Company, and the continuance of the Plan shall not be deemed to
constitute a contract between the Company and any Employee, or to be
consideration for or a condition of the employment or service of any Employee.
Nothing contained in this Plan shall be deemed to give any Employee the right to
be retained in the employ or service of the Company, its Parent, Subsidiary or a
successor corporation, or to interfere with the right of the Company or any such
corporations to discharge or to retire any Employee at any time with or without
cause and with or without notice. No Employee shall have any right to or
interest in Options authorized hereunder prior to the grant thereof to such
Employee, and upon such grant he or she shall have only such rights and
interests as are expressly provided herein, subject, however, to all applicable
provisions of the Company's Articles of Incorporation, as the same may be
amended from time to time.

24.      LEGENDS ON CERTIFICATES.

         a. FEDERAL LAW. Unless an appropriate registration statement is filed
pursuant to the Securities Act of 1933, as amended, with respect to the Options
and Shares issuable under this Plan, each document or certificate representing
such Options or Shares shall be endorsed thereon with a legend substantially as
follows:

         b. "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN ACQUIRED
FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE, TRANSFER
OR DISTRIBUTION THEREOF. NO SUCH SALE, TRANSFER OR DISTRIBUTION MAY BE EFFECTED
WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATING THERETO OR AN OPINION OF
COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. "

         c. ADDITIONAL LEGENDS. Each document or certificate representing the
Options or Shares issuable under the Plan shall also contain legends as may be
required under applicable blue sky laws or by any Stock Purchase Agreement or
other agreement the execution of which is a condition to the exercise of an
Option under this Plan.

25.      AVAILABILITY OF PLAN. A copy of this Plan shall be delivered to the
Secretary of the Company and he or she shall show it to any eligible person
making reasonable inquiry concerning it.

<PAGE>

26.      INVALID PROVISIONS. In the event that any provision of this Plan is
found to be invalid or otherwise unenforceable under any applicable law, such
invalidity or unenforceability shall not be construed as rendering any other
provisions contained herein as invalid or unenforceable, and all such other
provisions shall be given full force and effect to the same extent as though the
invalid or unenforceable provision was not contained herein.

27.      SEVERABILITY. In the event that any provision of the Plan is found to
be invalid or otherwise unenforceable under any applicable law, such invalidity
or unenforceability shall not be construed as rendering any other provisions
contained herein as invalid or unenforceable, and all such other provisions
shall be given full force and effect to the saline extent as though the invalid
or unenforceable provision was not contained herein.

28.      APPLICABLE LAW. To the extent that federal laws do not otherwise
control, this Plan shall be governed by and construed in accordance with the
laws of the State of California without regard to the conflict of laws
principles thereof.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]