Document:

EXHIBIT 10.1
                                LETTER OF INTENT

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                        Letter of Intent, April 17, 2000

To:   Jim Martin
Lucerne Valley, CSA 2
P.O. Box 459
Lucerne Valley, CA  92356

         Masada Ltd. Represents Colorado Community Broadcast (hereinafter "CCB")
in its purchase of certain television assets. On behalf of CCB we are submitting
this proposal (the  "Agreement")  for the acquiring of the license and equipment
of K68CW (the "Station") owned by County Service Area 29 (the "Seller").

         1.       CCB will purchase Station for $40,000.

          2.  This  offer  is  contingent  on a  review  and  acceptance  of the
          frequency   engineering  and  on  site  inspection  of  the  equipment
          installed to date.  These reviews will be collected  within 30 days of
          the signing of the  Agreement.  Within 10 days following the execution
          of this Agreement,  the Seller will provide CCB with all following the
          execution  of this  Agreement,  the Seller  will  provide CCB with all
          available  engineering  data related to the Station and all other data
          reasonable  required  by CCB in  order  for  CCB to  perform  its  due
          diligence.

          3. Within 10 days of the acceptance  and execution of this  Agreement,
          CCB will provide the Seller with proof of financial  capability  and a
          $4,000 non-refundable  deposit to a mutually acceptable escrow account
          (the  "Escrow  Account")  which  will  be  applied  to  CCB's  capital
          contribution at closing.

          4.  Upon  acceptance  of the  Agreement,  CCB  will  proceed  with the
          drafting of a definitive purchase Agreement (the "Purchase Agreement")
          with the intent that it is mutually  agreed to and signed within sixty
          days and closing to occur ten days thereafter  providing all approvals
          have been secured and all  conditions of closing have been  satisfied,
          with the exception of FCC approvals. CCB at its expense will apply for
          a change of location from the FCC.

          5. Upon  execution of the Agreement and the approval of the FCC of the
          change of location,  CCB will deposit an  additional  $10,000  deposit
          into the  Escrow  Account  which  will be  applied  to  HIT's  capital
          contribution.

          6. Upon receipt of the second deposit, the Seller will seek permission
          of the Federal Communications  Commission to transfer the ownership of
          the Station to CCB.  Within thirty days of the said FCC approval,  CCB
          will pay the Seller the balance of $36,000.

          7. For a sixty day period  following the acceptance of this Agreement,
          Seller  agrees not to discuss the purchase or sale of the Station with
          any  potential  purchaser  or  solicit,   initiate,  or  consider  any
          submission of any proposals from potential  purchasers relating to the
          purchase  thereof,  nor will the Seller  furnish  any known  potential
          purchasers any  confidential  information with respect to the Stations
          or their  operation or any  negotiations  for the period  during which
          this Agreement is in effect.

          8. Both  Seller and CCB agree to accept an  executed  fax copy of this
          Agreement  until an original can be executed.  The  originals  will be
          received no later than 7 days after the execution of the fax copies.

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          9. By  executing  this  Agreement,  each  party  confirms  its  mutual
          intentions  as specified  herein,  and both parties agree to use their
          best efforts to satisfy the obligations  contained herein.  Neither of
          the parties  shall rely on any oral or written  representations  other
          than described in this Agreement.

          10.  This  Agreement  shall be deemed  accepted  by CCB upon  Seller's
          execution  and  dating of this  Agreement  where  indicated  below and
          actual receipt by HIT's agent of a facsimile of the executed  document
          at the fax number set forth below. Masada Ltd. (720) 528-9760.

          11. This  Agreement will be deemed  automatically  withdrawn at 5:00PM
          Mountain Time on April 28, 2000.

If this  Agreement  is  acceptable  to you please sign and date where  indicated
below:

/s/ Peter Hiniker                           Date 4/18/2000
---------------------------                      ---------
For CCB Peter Hiniker

/s/ James W. Martin                         Date 5/24/2000
---------------------------                      ---------EXHIBIT 10.1

                                STOCK OPTION PLAN

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                                    EXHIBIT A

                                 2000 STOCK PLAN

                                       OF

                             DRUCKER INDUSTRIES, INC.

SECTION 1. ESTABLISHMENT AND PURPOSE.

     The  Plan is  established  on June  21,  2000,  effective  on  approval  by
shareholders,   to  offer  directors  and  selected   employees,   advisors  and
consultants an  opportunity to acquire a proprietary  interest in the success of
the Company, or to increase such interest, by purchasing Shares of the Company's
Common Stock.  The Plan provides both for the direct award or sale of Shares and
for the grant of Options to purchase Shares.  Options granted under the Plan may
include  Nonstatutory  Options as well as ISOs intended to qualify under section
422 of the Code.

         The Plan is intended to comply in all respects  with Rule 16b-3 (or its
successor) under the Exchange Act and shall be construed accordingly.

SECTION 2. DEFINITIONS.

         (a)  "Board of  Directors"  shall  mean the Board of  Directors  of the
Company, as constituted from time to time.

         (b)  "Code" shall mean the Internal Revenue Code of 1986, as amended.

         (c)  "Committee" shall  mean a committee  of the Board of Directors, as
described in Section 3(a).

         (d)  "Company" shall mean Drucker Industries,  Inc. (or Drucker, Inc.),
a Delaware corporation.

         (e)  "Employee"  shall  mean  (i) any  individual  who is a  common-law
employee of the Company or of a Subsidiary,  (ii) an Outside  Director and (iii)
an independent  contractor who performs services for the Company or a Subsidiary
and who is not a  member  of the  Board  of  Directors.  Service  as an  Outside
Director  or  independent  contractor  shall be  considered  employment  for all
purposes of the Plan,  except as provided in Subsections  (a) and (b) of Section
4.

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

         (g)  "Exercise  Price" shall mean the amount for which one Share may be
purchased  upon  exercise of an Option,  as  specified  by the  Committee in the
applicable Stock Option Agreement.

         (h)  "Fair  Market  Value"  shall  mean  the  market  price  of  Stock,
determined by the Committee as follows:

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                  (i) If Stock  was  traded on a stock  exchange  on the date in
                  question,  then the Fair  Market  Value  shall be equal to the
                  closing  price  reported  for  such  date  by  the  applicable
                  composite-transactions report;

                  (ii) If  Stock  was  traded  over-the-counter  on the  date in
                  question  and was  traded on the  Nasdaq  system or the Nasdaq
                  National Market,  then the Fair Market Value shall be equal to
                  the last-transaction  price quoted for such date by the Nasdaq
                  system or the Nasdaq National Market;

                  (iii)  If Stock  was  traded  over-the-counter  on the date in
                  question but was not traded on the Nasdaq system or the Nasdaq
                  National Market,  then the Fair Market Value shall be equal to
                  the mean  between  the last  reported  representative  bid and
                  asked prices quoted for such date by the  principal  automated
                  inter-dealer  quotation system on which Stock is quoted or, if
                  the  Stock is not  quoted  on any such  system,  by the  "Pink
                  Sheets" published by the National Quotation Bureau, Inc.; and

                  (iv) If none of the foregoing  provisions is applicable,  then
                  the Fair Market Value shall be  determined by the Committee in
                  good faith on such basis as it deems appropriate.

In all cases,  the  determination of Fair Market Value by the Committee shall be
conclusive and binding on all persons.

         (i) "ISO"  shall mean an  employee  incentive  stock  option  described
insection 422(b) of the Code.

         (j)  "Nonstatutory  Option"  shall mean an  employee  stock  option not
describedin sections 422(b) or 423(b) of the Code.

         (k)  "Offeree"  shall  mean an  individual  to whom the  Committee  has
offered the right to acquire  Shares under the Plan (other than upon exercise of
an Option).

         (l) "Option" shall mean an ISO or Nonstatutory Option granted under the
Plan and entitling the holder to purchase Shares.

         (m)  "Optionee" shall mean an individual who holds an Option.

         (n)  "Outside  Director"  shall mean a member of the Board of Directors
who is not a common-law employee of the Company or of a Subsidiary.

         (o)  "Committee Procedures."  The Committee shall designate one  of its
members as chairman. The Committee may hold meetings at such times and places as
it shall determine.  The acts of a majority of the Committee  members present at
meetings at which a quorum exists,  or acts reduced to or approved in writing by
all Committee members, shall be valid acts of the Committee.

         (p)  Committee Responsibilities. Subject to the provisions of the Plan,
the  Committee  shall have the  authority  and  discretion to take the following
actions:

                  (i)  To interpret the Plan and to apply its provisions;

                  (ii)  To adopt, amend or  rescind rules,  procedures and forms
                  relating to the Plan;

                  (iii) To authorize  any person  to execute,  on behalf of  the
                  Company, any instrument required to carry out the purposes of
                  the Plan;

                  (iv)  To determine when  Shares are  to  be awarded or offered
                  for sale  and when Options are to be granted under the Plan;

<PAGE>

                  (v)  To select the Offerees and Optionees;

                  (vi)  To determine the  number of Shares to be offered to each
                  Offeree or to be made subject to each Option;

                  (vii) To prescribe  the terms and  conditions of each award or
                  sale of Shares,  including  (without  limitation) the Purchase
                  Price,  and to specify the  provisions  of the Stock  Purchase
                  Agreement relating to such award or sale;

                  (viii) To prescribe  the terms and  conditions of each Option,
                  including   (without   limitation)   the  Exercise  Price,  to
                  determine whether such Option is to be classified as an ISO or
                  as a Nonstatutory Option, and to specify the provisions of the
                  Stock Option Agreement relating to such Option;

                  (ix) To amend any  outstanding  Stock  Purchase  Agreement  or
                  Stock   Option   Agreement,   subject  to   applicable   legal
                  restrictions and, to the extent such amendments adverse to the
                  Offeree's  or  Optionee's  interest,  to  the  consent  of the
                  Offeree or Optionee who entered into such agreement;

                  (x) To  prescribe  the  consideration  for the  grant  of each
                  Option  or other  right  under the Plan and to  determine  the
                  sufficiency of such consideration; and

                  (xi) To take any other actions  deemed  necessary or advisable
                  for the administration of the Plan.

All decisions, interpretations and other actions of the Committee shall be final
and binding on all  Offerees,  all  Optionees,  and all persons  deriving  their
rights from an Offeree or Optionee.  No member of the Committee  shall be liable
for any action that he or she has taken or has failed to take in good faith with
respect to the Plan, any Option, or any right to acquire Shares under the Plan.

SECTION 3. ADMINISTRATION.

         (a)  Committee  Membership.  The  Plan  shall  be  administered  by the
Committee.  The  "Committee"  shall  mean the full Board of  Directors  and/or a
committee  designated  by  the  Board  of  Directors,  which  is  authorized  to
administer the Plan under this Section. The Committee's  membership shall enable
the Plan to qualify  under  Rule  16b-3  with  regard to the grant of Shares and
Options  under the Plan to persons who are subject to Section 16 of the Exchange
Act.  Subject to the requirements of applicable law, the Committee may designate
persons  other than members of the  Committee to carry out its  responsibilities
and may prescribe such  conditions and  limitations as it may deem  appropriate,
except that the  Committee  may not  delegate its  authority  with regard to the
selection  for  participation  of or the granting of Shares or Options under the
Plan to persons subject to Section 16 of the Exchange Act.

         (b)  Committee  Procedures.  The Committee  shall  designate one of its
members as chairman. The Committee may hold meetings at such times and places as
it shall determine.  The acts of a majority of the Committee  members present at
meetings at which a quorum exists,  or acts reduced to or approved in writing by
all Committee members, shall be valid acts of the Committee.

         (c)  Committee Responsibilities. Subject to the provisions of the Plan,
the Committee  shall have  full  authority  and discretion to take the following
actions:

                  (i)  To interpret the Plan and to apply its provisions;

                  (ii)  To adopt, amend or  rescind rules,  procedures and forms
                  relating to the Plan;

                  (iii) To authorize  any person  to execute,  on behalf of  the
                  Company, any instrument required to carry out the purposes of
                  the Plan;

                  (iv)  To determine when  Shares are  to  be awarded or offered
                  for sale  and when Options are to be granted under the Plan;

                  (v)  To select the Offerees and Optionees;

<PAGE>

                  (vi)  To determine the  number of Shares to be offered to each
                  Offeree or to be made subject to each Option;

                  (vii) To prescribe  the terms and  conditions of each award or
                  sale of Shares,  including  (without  limitation) the Purchase
                  Price,  and to specify the  provisions  of the Stock  Purchase
                  Agreement relating to such award or sale;

                  (viii) To prescribe  the terms and  conditions of each Option,
                  including   (without   limitation)   the  Exercise  Price,  to
                  determine whether such Option is to be classified as an ISO or
                  as a Nonstatutory Option, and to specify the provisions of the
                  Stock Option Agreement relating to such Option;

                  (ix) To amend any  outstanding  Stock  Purchase  Agreement  or
                  Stock   Option   Agreement,   subject  to   applicable   legal
                  restrictions and, to the extent such amendments adverse to the
                  Offeree's  or  Optionee's  interest,  to  the  consent  of the
                  Offeree or Optionee who entered into such agreement;

                  (x) To  prescribe  the  consideration  for the  grant  of each
                  Option  or other  right  under the Plan and to  determine  the
                  sufficiency of such consideration; and

                  (xi) To take any other actions  deemed  necessary or advisable
                  for the administration of the Plan.

         All decisions, interpretations and other actions of the Committee shall
be final and binding on all Offerees,  all Optionees,  and all persons  deriving
their rights from an Offeree or Optionee.  No member of the  Committee  shall be
liable  for any  action  that he or she has taken or has  failed to take in good
faith with respect to the Plan, any Option, or any right to acquire Shares under
the Plan.

SECTION 4. ELIGIBILITY.

         (a) General  Rules.  Only  Employees  (including,  without  limitation,
independent  contractors who are not members of the Board of Directors) shall be
eligible for designation as Optionees or Offerees by the Committee. In addition,
only Employees who are common-law employees of the Company or a Subsidiary shall
be eligible for the grant of ISOs.  Employees  who are Outside  Directors  shall
only  be  eligible  for the  grant  of the  Nonstatutory  Options  described  in
Subsection (b) below.

         (b)  Outside  Directors.  Any  other  provision  of  the  Plan notwith-
standing, the participation of Outside Directors in the Plan shall be subject to
the following restrictions:

                  (i) Outside  Directors  shall receive no grants other than the
                  Nonstatutory Options described in this Subsection (b).

                  (ii) All  Nonstatutory  Options granted to an Outside Director
                  under this  Subsection  (b) shall also become  exercisable  in
                  full  in  the  event  of  the   termination  of  such  Outside
                  Director's  service  because  of death,  Total  and  Permanent
                  Disability or voluntary retirement at or after age 65.

                  (iii) The  Exercise  Price  under  all   Nonstatutory  Options
                  granted to an Outside Director under this Subsection (b) shall
                  be equal to 100 percent of the Fair Market Value of a Share on
                  the date of grant,  payable in one of the forms  described  in
                  Subsection (a), (b), (c) or (d) of Section 8.

                  (iv) Nonstatutory  Options granted to an Outside Director
                  under this  Subsection (b) shall  terminate on the earliest of
                  (A) the 10th  anniversary  of the date of grant,  (B) the date
                  three months after the termination of such  Outside Director's
                  service  for any reason  other than death  or Total and  Perm-
                  anent  Disability or (C) the date 12  months  after the termi-
                  nation of such Outside Director's  service because of death or
                  Total and Permanent Disability.

<PAGE>

The Committee may provide that the Nonstatutory  Options that otherwise would be
granted  to an  Outside  Director  under this  Subsection  (b) shall  instead be
granted to an affiliate of such Outside  Director.  Such affiliate shall then be
deemed to be an Outside  Director  for purposes of the Plan,  provided  that the
service-related   vesting  and   termination   provisions   pertaining   to  the
Nonstatutory  Options shall be applied with regard to the service of the Outside
Director.

SECTION 5. STOCK SUBJECT TO PLAN.

         (a) Basic Limitation. Shares offered under the Plan shall be authorized
but unissued Shares or treasury Shares. The aggregate number of Shares which may
be issued  under the Plan (upon  exercise of Options or other  rights to acquire
Shares)  shall  not  exceed  15% of Shares  oustanding,  subject  to  adjustment
pursuant  to  Section 9. The  number of Shares  which are  subject to Options or
other rights  outstanding at any time under the Plan shall not exceed the number
of Shares which then remain  available for issuance under the Plan. The Company,
during  the term of the Plan,  shall at all  times  reserve  and keep  available
sufficient Shares to satisfy the requirements of the Plan.

         (b)  Additional  Shares.  In the event that any  outstanding  Option or
other right for any reason expires or is canceled or otherwise  terminated,  the
Shares allocable to the unexercised  portion of such Option or other right shall
again be available for the purposes of the Plan. In the event that Shares issued
under the Plan are reacquired by the Company pursuant to a forfeiture provision,
a right of  repurchase or a right of first  refusal,  such Shares shall again be
available for the purposes of the Plan.

SECTION 6. TERMS AND CONDITIONS OF AWARDS OR SALES.

         (a) Stock  Purchase  Agreement.  Each award or sale of Shares under the
Plan  (other  than upon  exercise of an Option)  shall be  evidenced  by a Stock
Purchase Agreement between the Offeree and the Company. Such award or sale shall
be subject to all applicable terms and conditions of the Plan and may be subject
to any other terms and conditions which are not  inconsistent  with the Plan and
which  the  Committee  deems  appropriate  for  inclusion  in a  Stock  Purchase
Agreement.  The provisions of the various Stock Purchase Agreements entered into
under the Plan need not be identical.

         (b) Duration of Offers and  Nontransferability  of Rights. Any right to
acquire Shares under the Plan (other than an Option) shall automatically  expire
if not exercised by the Offeree within 30 days after the grant of such right was
communicated  to  the  Offeree  by  the  Committee.  Such  right  shall  not  be
transferable and shall be exercisable only by the Offeree to whom such right was
granted.

         (c) Purchase  Price.  The Purchase  Price of Shares to be offered under
the Plan  shall not be less than 85  percent  of the Fair  Market  Value of such
Shares.  Subject  to  the  preceding  sentence,  the  Purchase  Price  shall  be
determined by the Committee at its sole discretion.  The Purchase Price shall be
payable in a form described in Section 8.

<PAGE>

         (d) Withholding  Taxes. As a condition to the award, sale or vesting of
Shares,  the Offeree shall make such  arrangements  as the Committee may require
for the  satisfaction of any federal,  state,  local or foreign  withholding tax
obligations that arise in connection with such Shares.  The Committee may permit
the Offeree to satisfy all or part of his or her tax obligations related to such
Shares by having the  Company  withhold a portion of any Shares  that  otherwise
would be issued to him or her or by surrendering any Shares that previously were
acquired by him or her. The Shares  withheld or  surrendered  shall be valued at
their Fair Market  Value on the date when taxes  otherwise  would be withheld in
cash. The payment of taxes by assigning  Shares to the Company,  if permitted by
the  Committee,  shall be  subject to such  restrictions  as the  Committee  may
impose,  including  any  restrictions  required by rules of the  Securities  and
Exchange Commission.

         (e)  Restrictions  on  Transfer of Shares.  Any Shares  awarded or sold
under the Plan shall be subject to such special forfeiture conditions, rights of
repurchase,  rights of first  refusal  and other  transfer  restrictions  as the
Committee may determine.  Such restrictions shall be set forth in the applicable
Stock Purchase Agreement and shall apply in addition to any general restrictions
that may apply to all holders of Shares.

SECTION 7. TERMS AND CONDITIONS OF OPTIONS.

         (a) Stock  Option  Agreement.  Each  grant of an Option  under the Plan
shall be  evidenced  by a Stock  Option  Agreement  between the Optionee and the
Company.  Such Option shall be subject to all applicable terms and conditions of
the Plan and may be  subject  to any other  terms and  conditions  which are not
inconsistent  with  the Plan and  which  the  Committee  deems  appropriate  for
inclusion in a Stock  Option  Agreement.  The  provisions  of the various  Stock
Option Agreements entered into under the Plan need not be identical.

         (b) Number of Shares.  Each Stock Option  Agreement  shall  specify the
number of Shares  that are  subject  to the  Option  and shall  provide  for the
adjustment of such number in accordance  with Section 9. Options  granted to any
Optionee  in a single  calendar  year shall in no event  cover more than  15,000
Shares,  subject to adjustment  in  accordance  with Section 9. The Stock Option
Agreement  shall also  specify  whether  the Option is an ISO or a  Nonstatutory
Option.

     (c) Exercise Price.  Each Stock Option Agreement shall specify the Exercise
Price.  The  Exercise  Price of an ISO shall not be less than 100 percent of the
Fair Market Value of a Share on the date of grant,  except as otherwise provided
in Section 4(c). The Exercise  Price of a Nonstatutory  Option shall not be less
than 85  percent  of the Fair  Market  Value  of a Share  on the date of  grant.
Subject to the  preceding  two  sentences,  the Exercise  Price under any Option
shall be determined by the Committee at its sole discretion.  The Exercise Price
shall be payable in a form described in Section 8.

         (d) Withholding Taxes. As a condition to the exercise of an Option, the
Optionee  shall make such  arrangements  as the  Committee  may  require for the
satisfaction of any federal, state, local or foreign withholding tax obligations
that arise in connection  with such exercise.  The Optionee shall also make such
arrangements  as the Committee may require for the  satisfaction of any federal,
state, local or foreign withholding tax obligations that may arise in connection
with the disposition of Shares  acquired by exercising an Option.  The Committee
may permit the  Optionee  to satisfy  all or part of his or her tax  obligations
related  to the Option by having  the  Company  withhold a portion of any Shares
that otherwise would be issued to him or her or by surrendering  any Shares that
previously  were  acquired by him or her.  Such Shares  shall be valued at their
Fair Market  Value on the date when taxes  otherwise  would be withheld in cash.
The payment of taxes by  assigning  Shares to the  Company,  if permitted by the
Committee,  shall be subject to such  restrictions  as the Committee may impose,
including  any  restrictions  required by rules of the  Securities  and Exchange
Commission.

         (e)  Exercisability and Term. Each Stock Option Agreement shall specify
the date when all or any installment of the Option is to become exercisable. The
vesting  of any  Option  shall  be  determined  by  the  Committee  at its  sole
discretion. A Stock Option Agreement may provide for accelerated  exercisability
in the  event  of the  Optionee's  death,  Total  and  Permanent  Disability  or
retirement or other events.  The Stock Option  Agreement  shall also specify the

<PAGE>

term of the  Option.  The term shall not exceed 10 years from the date of grant,
except as otherwise provided in Section 4(c). Subject to the preceding sentence,
the  Committee  at its sole  discretion  shall  determine  when an  Option is to
expire.

         (f) Nontransferability.  During an Optionee's lifetime, such Optionee's
Option(s) shall be exercisable only by him or her and shall not be transferable,
unless  permitted by the Stock Option  Agreement.  In the event of an Optionee's
death, such Optionee's  Option(s) shall not be transferable  other than by will,
by a  beneficiary  designation  executed by the  Optionee  and  delivered to the
Company, or by the laws of descent and distribution.

         (g) Termination of Service (Except by Death). If an Optionee's  Service
terminates for any reason other than the Optionee's  death, then such Optionee's
Option(s) shall expire on the earliest of the following occasions:

         (i)  The expiration date determined pursuant to Subsection (e) above;

         (ii) The date 90 days after the  termination of the Optionee's  Service
         for any reason other than Total and Permanent Disability; or

         (iii) The date six  months  after  the  termination  of the  Optionee's
         Service by reason of Total and Permanent Disability.

The Optionee may exercise all or part of his or her Option(s) at any time before
the expiration of such Option(s) under the preceding  sentence,  but only to the
extent that such Option(s) had become  exercisable before the Optionee's Service
terminated or became exercisable as a result of the termination.  The balance of
such Option(s) shall lapse when the Optionee's Service terminates.  In the event
that the  Optionee  dies after the  termination  of the  Optionee's  Service but
before the expiration of the Optionee's Option(s), all or part of such Option(s)
may be exercised (prior to expiration) by his or her designated  beneficiary (if
applicable),  by the executors or  administrators of the Optionee's estate or by
any person who has acquired such Option(s) directly from the Optionee by bequest
or  inheritance,  but  only  to  the  extent  that  such  Option(s)  had  become
exercisable  before the Optionee's Service terminated or became exercisable as a
result of the termination.

         (h) Leaves of Absence.  For purposes of Subsection  (g) above,  Service
shall be deemed to continue while the Optionee is on military leave,  sick leave
or other  bona fide leave of  absence  (as  determined  by the  Committee).  The
foregoing notwithstanding, in the case of an ISO granted under the Plan, Service
shall not be deemed to continue  beyond the first 90 days of such leave,  unless
the Optionee's reemployment rights are guaranteed by statute or by contract.

         (i)  Death  of  Optionee.  If an  Optionee  dies  while he or she is in
Service,  then such  Optionee's  Option(s)  shall  expire on the  earlier of the
following dates:

         (i)  The expiration date determined pursuant to Subsection (e) above;
or

         (ii)  The date six months after the Optionee's death.

         All or part of the  Optionee's  Option(s)  may be exercised at any time
before the expiration of such Option(s)  under the preceding  sentence by his or
her designated  beneficiary (if applicable),  by the executors or administrators
of the  Optionee's  estate or by any  person  who has  acquired  such  Option(s)
directly  from the  Optionee by bequest or  inheritance,  but only to the extent
that such Option(s) had become exercisable before the Optionee's death or became
exercisable as a result of the Optionee's  death.  The balance of such Option(s)
shall lapse when the Optionee dies.

<PAGE>

         (j) No Rights as a  Stockholder.  An Optionee,  or a  transferee  of an
Optionee,  shall  have no rights as a  stockholder  with  respect  to any Shares
covered  by his or her  Option  until  the  date  of  the  issuance  of a  stock
certificate for such Shares. No adjustments shall be made, except as provided in
Section 9.

         (k)  Modification,   Extension  and  Renewal  of  Options.  Within  the
limitations of the Plan, the Committee may modify,  extend or renew  outstanding
Options or may accept the cancellation of outstanding Options (to the extent not
previously  exercised)  in return for the grant of new  Options at the same or a
different  price.  The foregoing  notwithstanding,  no modification of an Option
shall,  without the consent of the Optionee,  impair such  Optionee's  rights or
increase his or her obligations under such Option.

         (l) Restrictions on Transfer of Shares. Any Shares issued upon exercise
of an Option shall be subject to such special forfeiture  conditions,  rights of
repurchase,  rights of first  refusal  and other  transfer  restrictions  as the
Committee may determine.  Such restrictions shall be set forth in the applicable
Stock Option  Agreement and shall apply in addition to any general  restrictions
that may apply to all holders of Shares.

SECTION 8. PAYMENT FOR SHARES.

         (a) General Rule. The entire Purchase Price or Exercise Price of Shares
issued under the Plan shall be payable in lawful  money of the United  States of
America at the time when such Shares are purchased, except as follows:

                  (i) In the case of  Shares  sold  under  the  terms of a Stock
                  Purchase  Agreement subject to the Plan, payment shall be made
                  only pursuant to the express provisions of such Stock Purchase
                  Agreement. However, the Committee (at its sole discretion) may
                  specify in the Stock  Purchase  Agreement  that payment may be
                  made in one or all of the forms described in Subsections  (e),
                  (f) and (g) below.

                  (ii) In the case of an ISO  granted  under the  Plan,  payment
                  shall be made only  pursuant to the express  provisions of the
                  applicable Stock Option Agreement.  However, the Committee (at
                  its sole discretion) may specify in the Stock Option Agreement
                  that payment may be made  pursuant to  Subsections  (b),  (c),
                  (d), (f) or (g) below.

                  (iii) In the case of a  Nonstatutory  Option granted under the
                  Plan,  the  Committee  (at its  sole  discretion)  may  accept
                  payment  pursuant to  Subsections  (b),  (c),  (d), (f) or (g)
                  below.

         (b)  Surrender  of Stock.  To the extent  that this  Subsection  (b) is
applicable,  payment may be made all or in part with Shares  which have  already
been owned by the Optionee or his or her  representative for more than 12 months
and which are surrendered to the Company in good form for transfer.  Such Shares
shall be valued at their Fair  Market  Value on the date when the new Shares are
purchased under the Plan.

         (c)   Exercise/Sale.   To  the  extent  that  this  Subsection  (c)  is
applicable,  payment may be made by the  delivery (on a form  prescribed  by the
Company) of an  irrevocable  direction  to a securities  broker  approved by the
Company to sell Shares and to deliver  all or part of the sales  proceeds to the
Company  in  payment of all or part of the  Exercise  Price and any  withholding
taxes.

         (d)  Exercise/Pledge.  To  the  extent  that  this  Subsection  (d)  is
applicable,  payment may be made by the  delivery (on a form  prescribed  by the
Company) of an irrevocable  direction to pledge Shares to a securities broker or
lender  approved by the Company,  as security for a loan,  and to deliver all or
part of the  loan  proceeds  to the  Company  in  payment  of all or part of the
Exercise Price and any withholding taxes.

         (e)  Services  Rendered.  To the  extent  that this  Subsection  (e) is
applicable,  Shares may be awarded under the Plan in  consideration  of services

<PAGE>

rendered  to the  Company  or a  Subsidiary  prior to the  award.  If Shares are
awarded  without the payment of a Purchase  Price in cash,  the Committee  shall
make a  determination  (at the time of the  award) of the value of the  services
rendered by the Offeree and the  sufficiency  of the  consideration  to meet the
requirements of Section 6(c).

         (f)  Promissory  Note.  To  the  extent  that  this  Subsection  (f) is
applicable,  a portion of the Purchase Price or Exercise  Price, as the case may
be, of Shares issued under the Plan may be payable by a full-recourse promissory
note,  provided  that (i) the par  value of such  Shares  must be paid in lawful
money  of the  United  States  of  America  at the time  when  such  Shares  are
purchased,  (ii) the Shares are security for payment of the principal  amount of
the  promissory  note and interest  thereon and (iii) the interest  rate payable
under the terms of the  promissory  note shall be no less than the minimum  rate
(if any) required to avoid the imputation of additional interest under the Code.
Subject to the foregoing,  the Committee (at its sole discretion)  shall specify
the term, interest rate, amortization requirements (if any) and other provisions
of such note.

         (g) Other Forms of Payment.  To the extent that this  Subsection (g) is
applicable,  payment may be made in any other form  approved  by the  Committee,
consistent with applicable laws, regulations and rules.

SECTION 9. ADJUSTMENT OF SHARES.

         (a) General.  In the event of a subdivision of the outstanding Stock, a
declaration of a dividend payable in Shares, a declaration of a dividend payable
in a form other than Shares in an amount that has a material effect on the value
of  Shares,  a  combination  or  consolidation  of  the  outstanding  Stock  (by
reclassification   or   otherwise)   into  a  lesser   number   of   Shares,   a
recapitalization,  a spinoff or a similar  occurrence,  the Committee shall make
appropriate adjustments in one or more of (i) the number of Shares available for
future  grants under  Section 5, (ii) the number of  Nonstatutory  Options to be
granted to Outside  Directors  under  Section  4(b),  (iii) the number of Shares
covered  by each  outstanding  Option  or (iv) the  Exercise  Price  under  each
outstanding Option.

     (b)  Reorganizations.  In the event that the Company is a party to a merger
or other  reorganization,  outstanding Options shall be subject to the agreement
of merger or reorganization. Such agreement may provide, without limitation, for
the  assumption  of  outstanding  Options by the  surviving  corporation  or its
parent,  for their  continuation  by the  Company (if the Company is a surviving
corporation),  for payment of a cash settlement equal to the difference  between
the amount to be paid for one Share under such agreement and the Exercise Price,
or for the acceleration of their exercisability  followed by the cancellation of
Options  not  exercised,  in all  cases  without  the  Optionees'  consent.  Any
cancellation  shall not occur until after such  acceleration  is  effective  and
Optionees have been notified of such  acceleration.  In the case of Options that
have  been  outstanding  for less than 12  months,  a  cancellation  need not be
preceded by an acceleration.

         (c)  Reservation  of Rights.  Except as provided in this  Section 9, an
Optionee  or  Offeree  shall  have no rights by  reason  of any  subdivision  or
consolidation  of shares of stock of any class,  the payment of any  dividend or
any other  increase  or  decrease in the number of shares of stock of any class.
Any  issue  by the  Company  of  shares  of stock of any  class,  or  securities
convertible  into  shares  of stock  of any  class,  shall  not  affect,  and no
adjustment  by reason  thereof  shall be made with  respect  to,  the  number or
Exercise Price of Shares subject to an Option.  The grant of an Option  pursuant
to the Plan  shall not  affect in any way the right or power of the  Company  to
make adjustments,  reclassifications,  reorganizations or changes of its capital
or business structure, to merge or consolidate or to dissolve,  liquidate,  sell
or transfer all or any part of its business or assets.

SECTION 10. SECURITIES LAWS.

         Shares  shall not be issued  under the Plan  unless  the  issuance  and
delivery  of such  Shares  complies  with (or is  exempt  from)  all  applicable
requirements of law, including (without  limitation) the Securities Act of 1933,
as amended, the rules and regulations promulgated  thereunder,  state securities

<PAGE>

laws and  regulations,  and the  regulations  of any stock exchange on which the
Company's securities may then be listed.

SECTION 11. NO RETENTION RIGHTS.

         Neither the Plan nor any Option shall be deemed to give any  individual
a right to remain an  employee,  consultant  or  director  of the  Company  or a
Subsidiary.  The Company and its Subsidiaries reserve the right to terminate the
service of any  employee,  consultant  or director at any time,  with or without
cause,  subject to applicable  laws, the Company's  certificate of incorporation
and by-laws and a written employment agreement (if any).

SECTION 12. DURATION AND AMENDMENTS.

         (a) Term of the Plan.  The  Plan,  as set forth  herein,  shall  become
effective upon approval by shareholders. The Plan shall terminate  automatically
15 years after its initial  adoption by the Board of Directors on June 21, 2000,
and may be terminated on any earlier date pursuant to Subsection (b) below.

         (b) Right to Amend or Terminate the Plan.  The Board of Directors  may,
subject to applicable law, amend,  suspend or terminate the Plan at any time and
for any reason. An amendment to the Plan shall require stockholder approval only
to the extent required by applicable law.

         (c) Effect of  Amendment or  Termination.  No Shares shall be issued or
sold under the Plan after the  termination  thereof,  except upon exercise of an
Option granted prior to such  termination.  The  termination of the Plan, or any
amendment  thereof,  shall not affect any Share previously  issued or any Option
previously granted under the Plan.

SECTION 13. EXECUTION.

        To record the adoption of the Plan by the Board of Directors on June 21,
2000 subject to approval  and by the  Company's  stockholders  at a duly noticed
shareholders'  meeting, the Company has caused its authorized officer to execute
the same.

DRUCKER INDUSTRIES, INC.

By /s/ Gerald W. Runolfson
   -----------------------
Its President

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