Document:

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         CONFIDENTIAL TREATMENT REQUESTED BY IQROM COMMUNICATIONS, INC.

                                  Exhibit 10.15

                                                    Gleacher & Co.

                                                    Gleacher & Co. LLC
                                                    660 Madison Avenue
                                                    New York NY  10021-8405
                                                    212 418-4200
                                                    212 732-2711 Fax

February 21, 2001

Strictly Private and Confidential
---------------------------------

Mr. Thomas Elek
Chief Executive Officer
IQrom Communications, Inc.
Fraser House
29 Albemarle Street
London W1S 4JB

Dear Tom:

We are pleased to confirm the arrangements under which Gleacher & Co. LLC
("Gleacher") and iQrom Communications, Inc. ("iQrom" or the "Company") have
entered into a strategic relationship pursuant to which Gleacher will provide
financial advisory and other services to the Company as described herein (the
"Strategic Relationship"). The terms of this relationship are as follows:

1. Advisory Services. The period during which advisory services are to be
rendered shall be deemed to have commenced on February 14, 2001 and end twelve
months from that date, unless earlier terminated as provided herein (the
"Advisory Period"). During the Advisory Period, Gleacher will act as financial
advisor to the Company and render from time to time such financial advisory and
investment banking services as the Company may reasonably request. In that
regard, Gleacher expects its primary focus will be:

   (a) reviewing the strategic and capital needs of the Company, analyzing the
       alternatives for raising capital and assisting the Company in designing
       and implementing an appropriate capital structure;

   (b) providing, as reasonably requested from time to time, advice on
       evaluating, structuring, negotiating and executing any proposed
       acquisitions or divestitures by the Company;

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         CONFIDENTIAL TREATMENT REQUESTED BY IQROM COMMUNICATIONS, INC.

   (c) providing, as reasonably requested from time to time, advice on
       evaluating, structuring, negotiating and executing any proposed strategic
       relationships to be entered into by the Company;

   (d) providing, as reasonably requested from time to time, general advice to
       the Company on corporate governance matters and otherwise assisting the
       Company with respect to investor relations matters.

     Throughout this engagement, Michael McCarty shall be the Company's
     prinicpal contact at Gleacher and he shall be assisted by such staff as is
     reasonably required to perform the advisory services described above.
     Gleacher recognizes that the Company may from time to time desire and/or
     require the services of other investment banking and financial advisory
     firms. Gleacher will, as requested, assist the Company in its efforts to
     work with and to maximize the contribution which other firms can make to
     iQrom's future success.

2. Compensation. As compensation for the services performed during the Advisory
Period, the Company agrees to issue a warrant to Gleacher (or its designees),
pursuant to a Warrant Agreement containing customary representations and
warranties and otherwise embodying the terms set forth on Exhibit I hereto (the
"Warrant"), promptly following the execution of this letter agreement.

Other Matters

In addition to any fees that may be payable to Gleacher, the Company agrees to
reimburse Gleacher for all reasonable travel and other reasonable out-of-pocket
expenses incurred in connection with Gleacher's engagement hereunder, including
all reasonable fees and disbursements of Gleacher's legal counsel and any other
professional advisors; provided, however, that (a) Gleacher shall not be
entitled to reimbursement for any legal fees or related disbursements incurred
by it in connection with the preparation or negotiation of this agreement, and
(b) Gleacher shall not be entitled to reimbursement in excess of $20,000 in the
aggregate without the Company's prior written consent notwithstanding any
expenses incurred in respect of the indemnification section of this letter
agreement.

Gleacher and the Company will each use all reasonable efforts to prepare and
execute the Warrant Agreement provided for in this letter agreement as promptly
as possible following execution of this letter agreement.

The Company recognizes and confirms that in advising the Company and in
completing its engagement hereunder, Gleacher will be using and relying on data,
material and other information furnished to Gleacher by the Company and other
parties. It is understood that in performing under this engagement Gleacher may
rely upon any information so supplied without independent verification and that
Gleacher shall not have any responsibility for such independent verification.
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         CONFIDENTIAL TREATMENT REQUESTED BY IQROM COMMUNICATIONS, INC.

The Company represents and warrants to Gleacher that any information heretofore
or hereafter furnished to Gleacher will be true and correct in all material
respects and does not and will not omit any material fact required to make such
information provided to Gleacher not misleading. The Company agrees to notify
Gleacher promptly of any material change in the business or the financial
condition of the Company during the course of Gleacher's engagement that may
require an amendment or supplement to any of the information provided to
Gleacher so that such information will not be misleading in any material respect
or omit to state any material fact that is required to be stated or that is
necessary in order to make any such information not misleading given the
occurrence of any such change.

Gleacher agrees that it will keep confidential and not disclose or permit its
employees or representatives to disclose information received from the Company
or the Company's professional advisors (other than to Gleacher employees or
representatives involved in the performance of services hereunder or otherwise
on a need-to-know basis), or otherwise use such information, except as
contemplated in this letter agreement, as may be specifically authorized by the
Company in connection with Gleacher's performance of services hereunder, or as
such disclosure may be required by law.

The Company acknowledges that all advice given by Gleacher in connection with
its engagement hereunder will be treated by the Company as confidential and will
be solely for the benefit and use of the Board, the Company's professional
advisors and senior management of iScribe and, except as may be required by
applicable law, the Company agrees that no such advice shall be used for any
other purpose or be reproduced, disseminated, quoted or referred to at any time,
in any manner or for any purpose, nor shall any public references to Gleacher be
made by or on behalf of the Company, in each case without Gleacher's prior
written consent.

The Company recognizes that Gleacher has been retained only by the Company and
that its engagement is not deemed to be on behalf of, and is not intended to
confer or bestow the status of third party beneficiary rights upon, any
shareholder or employee of the Company, or any person not a party hereto as
against Gleacher or any of its affiliates, managers or members, directors,
officers, agents and employees of Gleacher or its affiliates or each other
person, if any, controlling Gleacher or any of their affiliates. Unless
otherwise expressly stated in writing by Gleacher, no advice or opinions
rendered to the Board or management of the Company during the course of the
engagement hereunder shall constitute a recommendation to any other party and no
one other than the Company, the Board and the Company's senior management, is
authorized to rely upon the engagement of Gleacher or any statements or conduct
by Gleacher. Moreover, it is acknowledged that the relationship of Gleacher to
the Company is that of an independent contractor, that the obligations and
responsibilities of Gleacher to the Company are limited to those specifically
set forth herein, and that Gleacher, by entering into this Agreement and
satisfying its obligations hereunder, does not assume any fiduciary duties with
respect to the Company, the Board, the Company's management, its employees or
its shareholders. All decisions made with respect to any transactions undertaken
by the Company, whether or not consistent with advice rendered by Gleacher,
shall be those of the Board or management of the Company, as the case may be.
Notwithstanding anything herein to the contrary, it is understood that Gleacher
is not undertaking to provide any legal, accounting or tax advice in connection
with its engagement hereunder, and the Company shall rely solely upon its own
experts therefor.

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         CONFIDENTIAL TREATMENT REQUESTED BY IQROM COMMUNICATIONS, INC.

In connection with the matters described in this Agreement, the Company and
Gleacher have entered into a separate letter agreement, dated the date hereof,
providing for indemnification, contribution and reimbursement by the Company of
Gleacher and certain other individuals and entities, a copy of which is attached
hereto (the "Indemnity Letter").

Any right to trial by jury with respect to any claim or action arising out of
this Agreement or conduct in connection with the engagement is hereby waived by
the parties hereto and their affiliates. This Agreement shall be deemed made in
California. This Agreement and all controversies arising from or related to
performance under this Agreement shall be governed by the laws of the State of
California, without regard to such state's rules concerning conflicts of laws.
All controversies arising from or related to performance under this Agreement
shall be adjudicated in State or Federal court within the State of California.

Gleacher may assign its rights and obligations under this Agreement to any
partnership which succeeds to the business of Gleacher, so long as Mr. Eric J.
Gleacher is a partner or principal of the successor entity, in each case,
without the consent of the Company. The Company shall not be obligated to pay
Gleacher any additional fees pursuant to this Agreement as a result of such
assignment. The provisions of this Agreement (including the Indemnity Letter)
shall be binding upon and inure to the benefit of any successors, assigns, heirs
and personal representatives of the Company and Gleacher.

Gleacher's services hereunder may be terminated with or without cause by the
Company or by Gleacher (in each case by 30 days' advance notice in writing to
the other party) at any time. Upon termination, this Agreement shall have no
further force or effect except that: [Confidential Information filed separately
with the Securities and Exchange Commission]

The Company represents that it has all requisite power and authority to enter
into this Agreement and that this Agreement has been duly and validly authorized
by all necessary action on its part, has been duly executed and delivered by the
Company and constitutes a legal, valid and binding agreement of the Company,
enforceable in accordance with its terms.

If any term, provision, covenant or restriction contained in this Agreement or
in the Indemnity Letter is held by a court of competent jurisdiction or other
authority to be invalid, void, unenforceable or against its regulatory policy,
the remainder of the terms, provisions, covenants and restrictions contained in
this Agreement and in the Indemnity Letter shall remain in full force and effect
and shall in no way be affected, impaired or invalidated.

This Agreement embodies the entire agreement and understanding of the parties
hereto as to the Strategic Relationship, and supersedes any and all prior
agreements, arrangements and understandings relating to the matters provided for
herein. No alteration, waiver, amendment, change or addition hereto shall be
binding or effective unless the same is set forth in writing and signed by a
duly authorized representative of each party.
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         CONFIDENTIAL TREATMENT REQUESTED BY IQROM COMMUNICATIONS, INC.

This Agreement may be executed in any number of counterparts, each of which
shall be an original, but all of which shall constitute one instrument.

                                  *   *   *

Gleacher & Co. LLC is pleased to accept this engagement and looks forward to
working with you. Please confirm that the foregoing is in accordance with the
Company's understanding by signing and returning to Gleacher the enclosed
duplicates of this Agreement and the Indemnity Letter.

                                                Very truly yours,

                                                GLEACHER & CO. LLC

                                                /s/ Michiel C. McCarty
                                                -------------------------------
                                                Michiel C. McCarty
                                                Managing Director

Accepted and Agreed to:

IQrom Communications Inc.

By:      /s/Thomas Elek
         -----------------------
         Thomas Elek
         Chief Executive Officer

<PAGE>
                              Warrant Term Sheet

Number of Shares Subject
to Warrants:                     1,000,000 shares of Common Stock

Exercise Price:                  $1.00

Exercise:                        Each Warrant will be exercisable at any time
                                 after vesting.

Anti-Dilution and Other
Provisions:                      The Warrants will contain customary
                                 protections.

[Confidential Information filed separately with the Securities and Exchange
Commission]

<PAGE>
Gleacher & Co. LLC
660 Madison Avenue
New York, New York  10021

Gentlemen:

In connection with the activities of Gleacher & Co. LLC ("Gleacher") pursuant to
a letter agreement, dated as of the date hereof, between iScribe, Inc. (the
"Company") and Gleacher, as the same may be amended from time to time, including
without limitation any activities of Gleacher in connection with any transaction
contemplated by such letter agreement, whether occurring before, at or after the
date hereof, the Company agrees to indemnify and hold harmless Gleacher and its
affiliates, the respective limited and general partners, directors, officers,
agents and employees of Gleacher and their affiliates and each other person, if
any, controlling Gleacher or any of its affiliates (hereinafter collectively
referred to as the "indemnified parties"), to the full extent lawful, from and
against any losses, damages, liabilities, expenses or claims (or actions in
respect thereof, including, without limitation, shareholder and derivative
actions and arbitration proceedings) related to or otherwise arising out of such
engagement or Gleacher's role in connection therewith, and will reimburse any
indemnified party for all reasonable expenses (including reasonable counsel fees
and disbursements) as they are incurred by any indemnified party in connection
with investigating, preparing or defending any claim, action, proceeding or
investigation, whether or not in connection with pending or threatened
litigation to which any indemnified party is a party, arising in connection with
or related to Gleacher's engagement or Gleacher's role in connection therewith.
The Company will not, however, be responsible for any losses, damages,
liabilities, expenses or claims which are finally judicially determined to have
resulted primarily from Gleacher's bad faith or gross negligence. The Company
also agrees that no indemnified party will have any liability (whether direct or
indirect, in contract, tort or otherwise) to the Company for or in connection
with such engagement except for any such liability for losses, damages,
liabilities, expenses or claims incurred by the Company that are finally
judicially determined to have resulted primarily from Gleacher's bad faith or
gross negligence. If multiple claims are brought against any indemnified party
in an arbitration, with respect to at least one of which indemnification is
permitted under applicable law and provided for under this agreement, the
Company agrees that any arbitration award shall be conclusively deemed to be
based on claims as to which indemnification is permitted and provided for,
except to the extent the arbitration award expressly states that the award, or
any portion thereof, is based solely on a claim as to which indemnification is
not available.

In the event that the foregoing indemnity is unavailable to any indemnified
party for any reason or insufficient to hold any indemnified party harmless,
then the Company agrees to contribute to any such losses, damages, liabilities,
expenses, claims or actions and will do so in such proportion as is appropriate
to reflect the relative benefits received (or anticipated to be received) by,
and the relative fault of, the indemnified parties, on the one hand, and the
Company and the Company's securityholders, on the other, as well as any other
relevant equitable considerations, from any actual or proposed transaction. The
Company and Gleacher agree that it would not be just and equitable if
contribution were determined by pro rata allocation or by any other method of
allocation which does not take account of the equitable considerations referred
to above.

<PAGE>

The Company agrees that it will not, without the prior written consent of
Gleacher, settle or compromise or consent to the entry of any judgment with
respect to any pending or threatened claim, action, suit or proceeding in
respect of which indemnification or contribution may be sought hereunder
(whether or not Gleacher is an actual or potential party to such claim or
action) unless such settlement, compromise or consent includes an unconditional
release of Gleacher from all liability arising out of such claim, action, suit
or proceeding. The Company will also promptly reimburse Gleacher for all
expenses (including counsel fees except as specified below) as they are incurred
in connection with investigating, preparing or defending, or providing evidence
in, any pending or threatened claim, action, suit or proceeding in respect of
which indemnification or contribution may be sought hereunder (whether or not
Gleacher is an actual or potential party to such claim or action). If any
action, suit or proceeding shall be brought against any Indemnified Parties or
if a claim which may give rise to any such action, suit or proceeding shall be
asserted against an Indemnified Parties, then Gleacher shall promptly notify the
Company in writing (it being understood that failure to so notify the Company
shall not relieve the Company from any liability hereunder except to the extent
that such failure prejudices the Company's rights or its ability to defend
against any action, suit, proceeding or claims), and the Company shall have the
right to assume the defense thereof with counsel satisfactory to Gleacher.
Gleacher shall be entitled to retain separate counsel of its choice in
connection with any such action, suit or proceeding as to which Gleacher is
entitled to be indemnified pursuant to this agreement, but the fees and expenses
of such counsel shall be borne and paid exclusively by Gleacher unless: (i) the
Company has failed to assume the defense of, and to employ counsel in, such
action, suit or proceeding; or (ii) in such action, suit or proceeding, there
is, in the reasonable opinion of such separate counsel, a material conflict on
any conflict issue between the position of the Company and the position
Gleacher.

No Indemnified Person will, without the Company's prior written consent (such
consent not to be unreasonably withheld), settle or compromise or consent to the
entry of any judgment in any pending or threatened action, suit or proceeding
and the Company shall not be liable for any such settlement, compromise or
consent effectuated without its prior written consent (such consent not to be
unreasonably withheld).

The foregoing agreement shall be in addition to any rights that any indemnified
party may have at common law or otherwise, and shall be in addition to any
liability which the Company may otherwise have. The Company hereby consents to
personal jurisdiction, service and venue in any court in which any claim which
is subject to this agreement is brought against Gleacher or the Company. ANY
RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM OR ACTION ARISING OUT OF THIS
AGREEMENT IS WAIVED. Gleacher may assign its rights and obligations under this
letter agreement to any partnership of which Gleacher is the general partner or
to any other entity, of which Eric J. Gleacher is a partner or principal, which
succeeds to the business of Gleacher, in each case, without the consent of the
Company. This agreement shall remain in full force and effect following the
completion or termination of Gleacher's engagement and shall be binding upon and
inure to the benefit of any successors, assigns, heirs and personal
representatives of the Company and any indemnified party.
<PAGE>

Very truly yours,

Accepted:                                       Accepted:
IQROM COMMUNICATIONS INC.                       GLEACHER & CO. LLC
--------------------------------------------------------------------------------
By: /s/Thomas Elek                              By: /s/ Michiel C. McCarty
--------------------------------------------------------------------------------
Date: February 26, 2001                         Date: February 26, 2001
--------------------------------------------------------------------------------<PAGE>
                                  EXHIBIT 10.16

                           IQROM COMMUNICATIONS, INC.

                             2000 STOCK OPTION PLAN

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

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

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

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

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

         (d) "Cause" means, with respect to the termination by the Company or a
Related Entity of the Grantee's Continuous Service, that such termination is for
"Cause" as such term is expressly defined in a then-effective written agreement
between the Grantee and the Company or such Related Entity, or in the absence of
such then-effective written agreement or definition, is based on, in the
determination of the Administrator, any act or omission of the Grantee that
would constitute cause for the purposes of the applicable laws, including
without limitation the Grantee's: (i) refusal or failure to act in accordance
with any specific, lawful direction or order of the Company or a Related Entity;
(ii) unfitness or unavailability for service or unsatisfactory performance
(other than as a result of Disability); (iii) performance of any act or failure
to perform any act in bad faith and to the detriment of the Company or a Related
Entity; (iv) dishonesty, intentional misconduct or material breach of any
agreement with the Company or a Related Entity; or (v) commission of a crime
involving dishonesty, breach of trust, or physical or emotional harm to any
person. No Option issued to the Grantee under the Plan may be exercised or
purchased subsequent to the Grantee's receipt of notice from the Company or a
Related Entity of the Company's or Related Entity's intention to terminate the
Grantees Continuous service pursuant to (i) or (ii) above.

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

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

         (g) "Common Stock" means the common stock of the Company, $.001 per
value per share.

                                       1
<PAGE>

         (h) "Company" means IQROM Communications, Inc. Inc. a Nevada
corporation.

         (i) "Consultant" means any person (other than an Employee or a
Director, solely with respect to rendering services in such person's capacity as
a Director) who is engaged by the Company or any Related Entity to render
consulting or advisory services to the Company or such Related Entity, including
such a person with whom the Company has entered into an agreement designating
such person as an "independent contractor".

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

         (k) "Corporate Transaction" means any of the following transactions:

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

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

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

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

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

         (m) "Disability" means that a Grantee is permanently unable to carry
out the responsibilities and functions of the position held by the Grantee by
reason of any medically determinable physical or mental impairment, or
determined by an independent physician selected with the approval of the
Administrator and Grantee.

                                       2
<PAGE>
         (n) "Employee" means any person, including an Officer or Director, who
is an employee of the Company or any Related Entity. Subject to the applicable
laws, the payment of a director's fee by the Company or a Related Entity shall
not be sufficient to constitute "employment" by the Company.

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

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

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

                  (ii) If the Common Stock is traded on the over-the counter
market, the average of the closing bid and asked prices of a Share of Common
Stock on the day prior to the time of the determination (or if no such
quotations shall have been made on such date, on the last date on which there
were such quotations, provided that such quotations shall have been made within
the ten (10) business days preceding the date of determination), in each case,
as reported in such source as the Administrator deems reliable; or

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

         (q) "Grantee" means an Employee, Director or Consultant who receives an
Option pursuant to an Option Agreement under the Plan.

         (r) "Immediate Family" means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in law, daughter-in-law, brother-in-law, or
sister-in-law, including adoptive relationships, any person sharing the
Grantee's household (other than a tenant or employee), a trust in which these
persons have more than fifty percent (50%) of the beneficial interest, a
foundation in which these persons (or the Grantee) control the management of
assets, and any other entity in which these persons (or the Grantee) own more
than fifty percent (50%) of the voting interests.

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

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

                                       3
<PAGE>

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

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

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

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

         (y) "Plan" means this 2000 Stock Option Plan.

         (z) "Related Entity" means any Parent, Subsidiary and any business,
corporation, partnership, limited liability company or other entity in which the
Company, a Parent or a Subsidiary holds a substantial ownership interest,
directly or indirectly.

         (aa) "Related Entity Disposition" means the sale, distribution or other
disposition by the Company, a Parent or a Subsidiary of all or substantially all
of the interests of the Company, a Parent or a Subsidiary in any Related Entity
effected by a sale, merger or consolidation or other transaction involving that
Related Entity or the sale of all or substantially all of the assets of that
Related Entity, other than any Related Entity Disposition to the Company, a
Parent or a Subsidiary.

         (bb) "Rule 16b-3" means Rule 16b-3 promulgated under the Exchange Act
or any successor thereto.

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

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

         (ee) "UK Grantee" means any Employee, Consultant or Director who
receives an Option pursuant to an Option Agreement under the Plan and who is
resident or ordinarily resident in the United Kingdom for United Kingdom tax
purposes.

     3. Stock Subject to the Plan.

         (a) Subject to the provisions of Section 10, below, the maximum
aggregate number of Shares which may be issued pursuant to all Options
(including Incentive Stock Options) is 4,000,000 Shares. The Shares to be issued
pursuant to Options may be authorized, but unissued, or reacquired Common Stock.

         (b) Any Shares covered by an Option (or portion of an Option) which is
forfeited or canceled, expires or is settled in cash, shall be deemed not to
have been issued for purposes of determining the maximum aggregate number of
Shares which may be issued under the Plan. Shares that actually have been issued
under the Plan pursuant to an Option shall not be returned to the Plan and shall
not become available for future issuance under the Plan.

                                       4
<PAGE>

     4. Administration of the Plan.

         (a) Plan Administrator.

                  (i) Administration with Respect to Directors and Officers.
With respect to grants of Options to Directors or Employees who are also
Officers or Directors of the Company, if Section 16(b) of the Exchange Act is
applicable, the Plan shall be administered by (A) the Board or (B) a Committee
designated by the Board, which Committee shall be constituted in such a manner
as to satisfy the Applicable Laws and to permit such grants and related
transactions under the Plan to be exempt from Section 16(b) of the Exchange Act
in accordance with Rule 16b-3. Once appointed, such Committee shall continue to
serve in its designated capacity until otherwise directed by the Board.

                  (ii) Administration With Respect to Consultants and Other
Employees. With respect to grants of Options to Employees or Consultants who are
neither Directors nor Officers of the Company, the Plan shall be administered by
(A) the Board or (B) a Committee designated by the Board, which Committee shall
be constituted in such a manner as to satisfy the Applicable Laws. Once
appointed, such Committee shall continue to serve in its designated capacity
until otherwise directed by the Board. The Board may authorize one or more
Officers to grant such Options and may limit such authority as the Board
determines from time to time.

                  (iii) Administration Errors. In the event an Option is granted
in a manner inconsistent with the provisions of this subsection (a), such Option
shall be presumptively valid as of its grant date to the extent permitted by the
Applicable Laws.

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

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

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

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

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

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

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

                  (vii) to construe and interpret the terms of the Plan and
Options granted pursuant to the Plan, including without limitation, any notice
of Option or Option Agreement, granted pursuant to the Plan;

                                       5
<PAGE>

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

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

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

     6. Terms and Conditions of Options.

         (a) Type of Options. The Administrator is authorized under the Plan to
issue Incentive Stock Options and Non-Qualified Stock Options.

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

         (c) Conditions of Option. Subject to the terms of the Plan, the
Administrator shall determine the provisions, terms, and conditions of each
Option including, but not limited to, the Option vesting schedule, repurchase
provisions, rights of first refusal, forfeiture provisions, and form of payment
(cash, Shares, or other consideration) upon settlement of the Option.

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

         (e) Deferral of Option Payment. The Administrator may establish one or
more programs under the Plan to permit selected Grantees the opportunity to
elect to defer receipt or payment of consideration upon exercise of an Option.
The Administrator may establish the election procedures, the timing of such
elections, the mechanisms for payments of, and accrual of interest or other
earnings, if any, on amounts, Shares or other consideration so deferred, and

                                       6
<PAGE>

such other terms, conditions, rules and procedures that the Administrator deems
advisable for the administration of any such deferral program.

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

         (g) Term of Option. The term of each Option shall be the term stated in
the Option Agreement, provided, however, that the term of an Incentive Stock
Option or a Non-Qualified Stock Option granted to a UK Grantee shall be no more
than ten (10) years from the date of grant thereof. However, in the case of an
Incentive Stock Option granted to a Grantee who, at the time the Option is
granted, owns stock representing more than ten percent (10%) of the voting power
of all classes of stock of the Company or any Parent or Subsidiary, the term of
the Incentive Stock Option shall be five (5) years from the date of grant
thereof or such shorter term as may be provided in the Option Agreement.

         (h) Transferability of Options. Incentive Stock Options may not be
sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner
other than by will or by the laws of descent or distribution and may be
exercised, during the lifetime of the Grantee, only by the Grantee; provided,
however, that the Grantee may designate a beneficiary of the Grantee's Incentive
Stock Option in the event of the Grantee's death on a beneficiary designation
form provided by the Administrator. In accordance with the applicable laws,
other Options may be transferred by will or by the laws of descent, probate,
succession or distribution and may be transferred by gift or through a domestic
relations order to members of the Grantee's Immediate Family, and the Grantee
may designate a beneficiary of the Grantee's Option in the event of the
Grantee's death on a beneficiary designation form provided by the Administrator,
to the extent provided in the Option Agreement or in the manner and to the
extent determined by the Administrator. Notwithstanding the foregoing, no Option
may be transferred in any manner, nor may the Grantee designate a beneficiary,
to the extent that such transfer or designation of beneficiary is not permitted
by Applicable Law.

         (i) Time of Granting Options. The date of grant of an Option shall for
all purposes be the date on which the Administrator makes the determination to
grant such Option, or such other date as is determined by the Administrator.
Notice of the grant determination shall be given to each Employee, Director or
Consultant to whom an Option is so granted within a reasonable time after the
date of such grant.

     7. Option Exercise or Purchase Price, Consideration and Taxes.

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

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

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

                                       7
<PAGE>

hundred ten percent (110%) of the Fair Market Value per Share on the date of
grant; or

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

                  (ii) In the case of a Non-Qualified Stock Option, the per
Share exercise price shall be determined by the Administrator.

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

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

                  (i) cash (payable in U.S. dollars unless otherwise specified
in the Option Agreement);

                  (ii) check (payable in U.S. dollars unless otherwise specified
in the Option Agreement);

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

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

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

                  (vi) any combination of the foregoing methods of payment.

         (c) Taxes.

                                       8
<PAGE>
                           (A) No Shares shall be delivered under the Plan to
any Grantee or other person until such Grantee or other person has made
arrangements acceptable to the Administrator for the satisfaction of any
foreign, federal, state, or local income and employment tax withholding
obligations, including, without limitation, obligations incident to the receipt
of Shares or the disqualifying disposition of Shares received on exercise of an
Incentive Stock Option. Upon exercise of an Option, the Company shall withhold
or collect from Grantee an amount sufficient to satisfy such tax obligations.

     8. Exercise of Option.

         (a) Procedure for Exercise; Rights as a Stockholder.

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

                  (ii) An Option shall be deemed to be exercised when written
notice of such exercise has been given to the Company in accordance with the
terms of the Option by the person entitled to exercise the Option and full
payment for the Shares with respect to which the Option is exercised, including,
to the extent selected, use of the broker-dealer sale and remittance procedure
to pay the purchase price as provided in Section 7(b)(v). Until the issuance (as
evidenced by the appropriate entry on the books of the Company or of a duly
authorized transfer agent of the Company) of the stock certificate evidencing
such Shares, no right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to Shares subject to an Option,
notwithstanding the exercise of an Option or other Option. The Company shall
issue (or cause to be issued) such stock certificate promptly upon exercise of
the Option. No adjustment will be made for a dividend or other right for which
the record date is prior to the date the stock certificate is issued, except as
provided in the Option Agreement or Section 10, below.

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

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

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

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

     9. 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

                                       9
<PAGE>
pursuant thereto shall comply with all Applicable Laws, and shall be further
subject to the approval of counsel for the Company with respect to such
compliance.

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

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

     11. Corporate Transactions/Related Entity Dispositions. Except as may be
provided in an Option Agreement:

         (a) Effective upon the consummation of a Corporate Transaction, all
outstanding Options under the Plan shall terminate. However, all such Options
shall not terminate if they are, in connection with the Corporate Transaction,
assumed by the successor corporation or Parent thereof.

         (b) Effective upon the consummation of a Related Entity Disposition,
for purposes of the Plan and all Options, the Continuous Service of each Grantee
who is at the time engaged primarily in service to the Related Entity involved
in such Related Entity Disposition shall be deemed to terminate and each Option
of such Grantee which is at the time outstanding under the Plan shall be
exercisable in accordance with the terms of the Option Agreement evidencing such
Option. However, such Continuous Service shall be not to deemed to terminate if
such Option is, in connection with the Related Entity Disposition, assumed by
the successor entity or its parent.

     12. Effective Date and Term of Plan. The Plan shall become effective upon
the earlier to occur of its adoption by the Board or its approval by the
stockholders of the Company. It shall continue in effect for a term of ten (10)
years unless sooner terminated, provided that the Plan shall continue in effect
after the expiration of the ten year term solely for the purpose of governing

                                       10
<PAGE>

Options granted prior to such termination. Subject to Section 17, below, and
Applicable Laws, Options may be granted under the Plan upon its becoming
effective.

     13. Amendment, Suspension or Termination of the Plan.

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

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

         (c) Any amendment, suspension or termination of the Plan (including
termination of the Plan under Section 12, above) shall not affect Options
already granted, and such Options shall remain in full force and effect as if
the Plan had not been amended, suspended or terminated, unless mutually agreed
otherwise between the Grantee and the Administrator, which agreement must be in
writing and signed by the Grantee and the Company.

     14. Reservation of Shares.

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

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

     15. No Effect on Terms of Employment/Consulting Relationship.

         (a) The Plan shall not confer upon any Grantee any legal or equitable
right with respect to the Grantee's Continuous Service, nor shall it interfere
in any way with his or her right or the Company's right to terminate the
Grantee's Continuous Service at any time, with or without cause.

         (b) The Plan shall not confer upon a Grantee any additional rights to
compensation or damages in consequence of the termination of that Grantee's
Continuous Service at any time with or without cause.

         (c) No Grantee shall be entitled to any compensation or damages for any
loss or potential loss which that Grantee may suffer by reason of being unable
to exercise an Option in consequence of the termination of that Grantee's
Continuous Service.

     16. No Effect on Retirement and Other Benefit Plans. Except as specifically
provided in a retirement or other benefit plan of the Company or a Related
Entity, Options shall not be deemed compensation for purposes of computing
benefits or contributions under any retirement plan of the Company or a Related
Entity, and shall not affect any benefits under any other benefit plan of any
kind or any benefit plan subsequently instituted under which the availability or

                                       11
<PAGE>

amount of benefits is related to level of compensation. The Plan is not a
"Retirement Plan" or "Welfare Plan" under the Employee Retirement Income
Security Act of 1974, as amended.

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

                                       12

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